Essent Group Ltd ( (ESNT) ) has released its Q1 earnings. Here is a breakdown of the information Essent Group Ltd presented to its investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Essent Group Ltd. is a Bermuda-based holding company that provides private mortgage insurance, reinsurance, and title insurance services, primarily serving the housing finance industry. In its first quarter of 2025, Essent Group Ltd. reported a net income of $175.4 million, which is slightly lower than the $181.7 million reported in the same quarter of the previous year. The company declared a quarterly cash dividend of $0.31 per share, reflecting its ongoing commitment to returning value to shareholders.
Key financial metrics for the first quarter included $9.9 billion in new insurance written, a slight decrease from the previous quarter but an increase from the same period last year. The insurance in force grew to $244.7 billion, and net investment income rose by 12% year-over-year to $58.2 million. Essent also engaged in strategic reinsurance transactions to manage risk and enhance capital efficiency, including forward quota share and excess of loss agreements.
The company repurchased 3.9 million common shares for approximately $218 million, with $429 million remaining under its authorized repurchase plan. These actions demonstrate Essent’s strategic focus on capital management and shareholder returns.
Looking forward, Essent Group Ltd. remains optimistic about its ability to generate high-quality earnings and grow book value per share, supported by favorable credit performance and higher investment income.