Essent Group (ESNT) Tops Q3 EPS by 4c, Revenues Miss

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Go back to Essent Group (ESNT) Tops Q3 EPS by 4c, Revenues Miss

Essent Group Ltd. Reports Third Quarter 2018 Results

November 9, 2018 6:30 AM EST

HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended September 30, 2018 of $116.0 million or $1.18 per diluted share, compared to $78.4 million or $0.82 per diluted share for the quarter ended September 30, 2017. As of September 30, 2018, Essent had insurance in force of $131.2 billion and consolidated stockholders' equity of $2.2 billion.

We are pleased with our strong operating performance for the third quarter as we grew net income 48% compared to the third quarter of 2017, while also generating a 21% annualized return on average equity, said Mark Casale, Chairman and Chief Executive Officer. Our... More