Capital AllocationManagement signaled intent to repurchase shares at current valuations and to lean into buybacks during market dislocations, supporting per-share value and return of capital.
Product Strategy And BVPS GrowthManagement expects EssentEdge to enable writing higher-yielding mortgage insurance business and to drive attractive book value per share growth through optimized pricing and returns.
Valuation And In-force Earnings PowerManagement emphasized that the in-force mortgage insurance portfolio has meaningful earnings power that may be overlooked by a near-book valuation, and that durable reinsurance capacity enhances future profitability.