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HAMILTON, Bermuda - Mortgage insurer Essent Group Ltd. (NYSE:ESNT) reported net income of $164.2 million or $1.67 per diluted share for the third quarter of 2025, compared to $176.2 million or $1.65 per diluted share for the same period in 2024.
The company’s board of directors declared a quarterly cash dividend of $0.31 per common share, payable on December 10, 2025, to shareholders of record on December 1, 2025.
"We are pleased with our third quarter results, which again demonstrate the strength and resilience of our business model," said Mark A. Casale, Chairman and Chief Executive Officer. "Our performance was driven by continued favorable credit trends and the benefits of the current interest rate environment on both portfolio persistency and investment income."
New insurance written for the quarter was $12.2 billion, slightly down from $12.5 billion in both the second quarter of 2025 and the third quarter of 2024. Insurance in force as of September 30, 2025, reached $248.8 billion, up from $246.8 billion at the end of the previous quarter and $243.0 billion a year ago.
Net investment income for the first nine months of 2025 was $177.3 million, a 7% increase from the same period in 2024. The company reported an annual persistency rate of 86.0% for the quarter.
In August, Moody’s Ratings upgraded the insurance financial strength rating of Essent Guaranty, Inc. to A2 from A3 and the senior unsecured debt rating of Essent Group Ltd. to Baa2 from Baa3.
Through October 31, 2025, Essent repurchased 8.7 million common shares for $501 million. The board also approved a new $500 million share repurchase authorization that extends through the end of 2027.
The company’s U.S. mortgage insurance portfolio showed a default rate of 2.29% at the end of the quarter, with 18,583 loans in default.
This article is based on a press release statement from Essent Group Ltd.
In other recent news, Essent Group Ltd reported its second-quarter 2025 earnings, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.93, which was higher than the forecasted $1.72, marking a 12.21% surprise. Revenue also slightly exceeded projections, coming in at $319.14 million compared to the estimated $317.61 million. These results highlight Essent Group’s strong financial performance during the period. Additionally, the positive earnings report reflects investor confidence in the company’s strategic direction. Analysts had anticipated a different outcome, but the company’s performance exceeded those expectations. This development is part of a series of recent updates concerning Essent Group.
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