ESNT
Essent Group Ltd.65.14
-0.10-0.15%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Unpacks measured Lloyd’s P&C expansion
Q&A unpacked Essent Re's Lloyd’s entry as a cautious expansion leveraging higher yields and capital efficiencies, deploying $50M from existing balance sheet for diversified P&C without extra capital or curbing buybacks. Management brushed off Q/Q NIW drop as unit economics optimization—not a credit pullback—favoring repurchases amid stable pricing and top-tier gross yields. Delinquencies remain benign across vintages; unemployment is the watchpoint. BVPS growth drives incentives. No big surprises: Q&A reaffirmed modest IIF trajectory. Investors track P&C execution and rate relief.
Key Stats
Market Cap
6.42BP/E (TTM)
9.47Basic EPS (TTM)
6.88Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Essent Group posted FY2025 NIW of $46.6B, edging up 2.2% y/y from $45.6B, with IIF climbing to $248.4B from $243.6B amid steady 85.7% persistency. Q4 accelerated portfolio growth while defaults ticked to 2.50% from 2.27%, driving $145M mortgage insurance loss provisions—up sharply on new delinquencies and reserve strengthening, yet favorable prior-year development cushioned the blow. Net premiums earned dipped to $984M from $991M, but investment income rose 6.6% to $237M on higher yields; combined ratio widened to 32.9% from 26.3%. Strong cash generation funded $576M buybacks and $123M dividends. GSE reform looms as a key risk to quarterly volumes.
8-K
Q4 net income $155M, dividend up
Essent Group reported Q4 2025 net income of $155.0 million, or $1.60 per diluted share, down from $167.9 million last year, yet full-year 2025 hit $690.0 million. New insurance written dipped to $11.8 billion; insurance in force held at $248.4 billion. Board hiked quarterly dividend to $0.35 per share. Returned nearly $700 million to shareholders via buybacks and dividends.
10-Q
Q3 FY2025 results
Essent's Q3 results showed steady premiums earned at $246M, down slightly y/y from $249M while up q/q, with net investment income climbing 4% y/y to $60M on higher yields. Diluted EPS dipped to $1.67 from $1.65 y/y yet beat q/q, reconciling cleanly to 98.5M shares; higher losses drove the 19.1% loss ratio versus 12.9% y/y (derived). Operating cash flow stayed robust at $627M YTD, funding $461M share repurchases while $500M Senior Notes due 2029 and $500M revolver availability anchor liquidity. Cash sits at $91M. Share repurchases accelerate returns. Yet GSE eligibility hangs on PMIERs compliance.
8-K
Q3 earnings resilient despite loss uptick
Essent Group posted Q3 net income of $164.2M, down from $176.2M last year, yet resilient amid rising loss provisions to $44.9M. New insurance written held at $12.2B with insurance in force climbing to $248.8B; net investment income rose 7% YTD. Moody's upgraded ratings to A2/Baa2. Board hiked dividend to $0.31/share. Share repurchases aggressive.
8-K
Q2 net income $195.3M
Essent Group posted Q2 net income of $195.3M, or $1.93/share, down slightly from $203.6M last year yet buoyed by $12.5B new insurance written and insurance in force at $246.8B. Net investment income climbed to $59.3M; board declared $0.31/share dividend payable September 10. Moody's upgraded ratings to A2/Baa2. Strong capital deploys via $387M share repurchases.
IPO
Website
Employees
Sector
Industry
ACT
Enact Holdings, Inc.
39.87-0.40
AGO
Assured Guaranty Ltd.
90.80-0.89
EG
Everest Group, Ltd.
327.35-1.26
HG
Hamilton Insurance Group, Ltd.
27.72-0.63
MTG
MGIC Investment Corporation
29.08-0.07
NMIH
NMI Holdings Inc
40.07-0.06
RDN
Radian Group Inc.
36.18-0.01
RNR
RenaissanceRe Holdings Ltd.
272.44+0.90
SPNT
SiriusPoint Ltd.
21.95-0.37
TIPT
Tiptree Inc.
18.36+0.15