Essent Group (ESNT) Tops Q1 EPS by 8c

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Go back to Essent Group (ESNT) Tops Q1 EPS by 8c

Essent Group Ltd. Reports First Quarter 2018 Results

May 4, 2018 6:30 AM EDT

HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended March 31, 2018 of $111.1 million or $1.13 per diluted share, compared to $66.6 million or $0.72 per diluted share for the quarter ended March 31, 2017. As of March 31, 2018, Essent had insurance in force of $115.3 billion and consolidated stockholders equity of $2.0 billion.

We are pleased with our strong first quarter results as we continue to build a high credit quality and profitable mortgage insurance portfolio, said Mark Casale, Chairman and Chief Executive Officer. During the quarter, we grew insurance in force 31% compared... More