Essent Group revenue reaches $374.183 million as EPS comes in at $1.82
Key Facts
Essent Group reported net income of $163.4 million and diluted earnings per share of $1.82 for the quarter ended September 30, on November 6, 2026, compared with net income of $164.2 million and diluted EPS of $1.67 in the same period of 2025. Total revenue was $374.183 million, up from $311.830 million a year earlier, according to the company’s statement. Google Finance lists estimates of $1.87 for EPS and $364.29 million for quarterly revenue, making the revenue result higher than the estimate and EPS lower than the estimate shown on that page. Chief Executive Mark Casale said the results “reflect the earnings power of our insurance and reinsurance franchises.” The company’s shares closed at $68.60 on November 5, according to EL7 data.
Quarterly revenue rose to $374.183 million from $362.686 million in the second quarter of 2026 and was also up from $311.830 million in the third quarter of 2025. Net premiums earned totaled $290.672 million during the quarter, compared with $246.332 million a year earlier. Quarterly net investment income rose to $62.952 million from $59.795 million in the third quarter of 2025. For the nine months ended September 30, net investment income reached $183.8 million, up 4% from the comparable period in 2025. These items show revenue and income sources expanding during the period, alongside mixed performance across business components.
In its mortgage insurance business, new insurance written totaled $12.1 billion in the third quarter, compared with $14.1 billion in the second quarter and $12.2 billion in the third quarter of 2025. Meanwhile, the primary insurance in-force portfolio grew to $250.1 billion on September 30, from $249.7 billion on June 30 and $248.8 billion a year earlier. Performance thus combined a decline in the value of new business written from both comparison periods with growth in the in-force insurance balance on a quarterly and annual basis. The portfolio delinquency rate was 2.75% on September 30, up from 2.50% at the end of 2025 and 2.29% on September 30, 2025. Loans delinquent for three months or more reached 1.83%, compared with 1.65% at the end of 2025 and 1.49% a year earlier.
In reinsurance, net premiums written totaled $330.3 million for the nine months ended September 30, 2026, compared with $49.3 million in the same period of 2025. Management said insurance and reinsurance operations formed the basis of the company’s earnings power in the quarter. Casale said credit quality and the capital position support investment flexibility and returning capital to shareholders. On regulatory capital, available assets above the minimum required under PMIERs totaled about $1.616 billion on September 30, up from $1.506 billion on June 30. Essent Guaranty’s PMIERs sufficiency ratio rose to 177% from 172% over the same period.
The company continued returning capital to shareholders, repurchasing 7.7 million common shares for $474 million from the start of the year through October 31, 2026. In November, the board approved a new $500 million share repurchase authorization, running through the end of 2028. The company also declared a quarterly cash dividend of $0.35 per share. The dividend is payable on December 10, 2026, to shareholders of record on December 1. In its statement, management scheduled a conference call to discuss the results for November 6 at 10 a.m. Eastern time.