Essent Group (ESNT) Tops Q4 EPS by 5c

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Go back to Essent Group (ESNT) Tops Q4 EPS by 5c

Essent Group Ltd. Reports Fourth Quarter and Full Year 2016 Results

February 10, 2017 6:30 AM EST

HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended December 31, 2016 of $62.7 million or $0.68 per diluted share. Net income for the full year 2016 was $222.6 million or $2.41 per diluted share.

Insurance in force as of December 31, 2016 was $83.3 billion, representing an increase of 28% compared to $65.2 billion of insurance in force as of December 31, 2015. As of December 31, 2016, Essent had consolidated stockholders equity of $1.3 billion.

2016 was another successful year for Essent as we continued growing a high credit quality and profitable mortgage insurance portfolio, said Mark Casale, Chairman and Chief... More