Essent Group (NYSE: ESNT) reported Q1 EPS of $1.52, $0.07 better than the analyst estimate of $1.45. Revenue for the quarter came in at $228.84 million versus the consensus estimate of $231.25 million.

“While we are pleased with our strong financial results for the first quarter, our focus is now on facing a challenging business environment as a result of COVID-19,” said Mark Casale, Chairman and Chief Executive Officer. “We believe that the strength and sustainability of our buy, manage, and distribute operating model, as well as our strong balance sheet, capital and liquidity, has allowed us to enter these challenging times in a position of strength.”

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