Essent Group (ESNT)
NYSE:ESNT
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Earnings Data
Report Date
Jul 31, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.78Last Year’s EPS
1.93Same Quarter Last Year
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive outlook anchored by strong capital, liquidity, and credit metrics (robust PMIERs sufficiency, $6.6B cash and investments, $5.7B GAAP equity), solid per-share earnings, active capital returns (repurchases and a $0.35 dividend), and strategic reinsurance diversification that positions the company for longer-term growth. Offsetting items include portfolio seasoning that is driving higher defaults (expected to continue), a slight decline in persistency, near-term immaterial earnings contribution from new P&C activities and higher P&C combined ratios, and rate-sensitive title results tied to origination recovery. On balance, the positive items (capital strength, earnings, returns, and strategic initiatives) outweigh the near-term operational and market headwinds.Company Guidance
Mortgage Insurance in Force Growth
Insurance in force of $247.9 billion at March 31, 2026, essentially flat vs Dec 31, 2025 and up $3.2 billion (1.3%) versus March 31, 2025; supports franchise scale and market presence.
Strong Credit Metrics
Weighted average FICO of 747 and weighted average original LTV of 93%; portfolio default rate 2.54% (essentially unchanged quarter-over-quarter), indicating maintained credit quality despite seasoning.
Profitability per Share
Earned $1.82 per diluted share in Q1 2026, up from $1.60 last quarter and $1.69 in Q1 2025, reflecting solid underlying earnings.
Premiums and Pricing Stability
Mortgage insurance net premium earned of $216 million; average base premium rate 41 bps (stable QoQ) and average net premium rate 35 bps, up 1 bp versus last quarter.
Capital, Liquidity and Reserves
Consolidated cash and investments of $6.6 billion; GAAP equity $5.7 billion; access to $1.1 billion excess of loss reinsurance; $1.1 billion in holding company cash and investments; trailing 12‑month operating cash flow $827 million.
Statutory and Regulatory Strength
Essent Guaranty PMIERs sufficiency ratio at 174% with $1.6 billion excess available assets; statutory capital $3.7 billion and risk-to-capital ratio of 8.6x (includes $2.6 billion contingency reserves).
Shareholder Returns and Capital Actions
Year-to-date through April 30 repurchased ~3.5 million shares for >$200 million; approved common dividend of $0.35 for 2026; Q1 and April repurchases and interim dividends demonstrate active capital return.
Investment Yield and Other Investment Income
Consolidated annualized aggregate yield for Q1 of 4.2%; new money yields nearly 5%; income from other invested assets $10.2 million in Q1 (up from $3.9M last quarter and $7.4M YoY).
Reinsurance Growth and Diversification
Expanded Essent Re P&C platform with a Lloyd’s program expected to generate ~$120 million written premium in 2026 (against $50M deposit) and a whole-account quota share expected to generate ~$200M written premium; positions company for longer-term income and rating agency diversification.
Low Claims Paid Relative to Defaults
Paid approximately $13 million of claims in Q1, underscoring that defaults (seasoning driven) have not translated into large claim emergence to date.
ESNT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ESNT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2026 | $61.58 | $63.13 | +2.52% |
Feb 13, 2026 | $65.24 | $61.05 | -6.43% |
Sep 30, 2025 | $63.13 | $62.86 | -0.42% |
Aug 08, 2025 | $56.12 | $59.31 | +5.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Essent Group (ESNT) report earnings?
Essent Group (ESNT) is schdueled to report earning on Jul 31, 2026, Before Open (Confirmed).
What is Essent Group (ESNT) earnings time?
Essent Group (ESNT) earnings time is at Jul 31, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ESNT EPS forecast?
ESNT EPS forecast for the fiscal quarter 2026 (Q2) is 1.78.