Compass Point Remains Sidelined on Essent Group (ESNT) as Weak Earned Premiums Weigh on EPS
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Essent Group Ltd. Reports Fourth Quarter and Full Year 2015 Results
February 12, 2016 6:30 AM ESTHAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended December 31, 2015 of $44.5 million or $0.48 per diluted share. Net income for the full year 2015 was $157.3 million or $1.72 per diluted share.
Insurance in force as of December 31, 2015, was $65.2 billion, representing an increase of 29% compared to $50.8 billion of insurance in force as of December 31, 2014. As of December 31, 2015, Essent had consolidated stockholders equity of $1.12 billion.
2015 was another successful year for Essent, as we continue to grow a high-quality and profitable mortgage insurance portfolio, said Mark Casale, Chairman and... More
