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HAMILTON, Bermuda - On Friday, Essent Group Ltd . (NYSE:ESNT) reported second quarter earnings that exceeded analyst expectations, driven by strong credit performance and increased investment income. The mortgage insurance provider posted earnings of $1.93 per diluted share, significantly above the analyst estimate of $1.72.
The company’s shares edged up 0.07% in after hours trading following the announcement.
Revenue for the quarter ended June 30, 2025, was supported by new insurance written of $12.5 billion, unchanged from the same period last year but up from $9.9 billion in the first quarter of 2025. The company’s insurance in force grew to $246.8 billion, a 2.5% increase from $240.7 billion in the second quarter of 2024.
Net income for the quarter was $195.3 million, slightly down from $203.6 million in the same period last year, while earnings per diluted share increased to $1.93 from $1.91 a year ago.
"We are pleased with our second quarter 2025 financial results, which reflect continued strength in credit, elevated portfolio persistency and increased investment income," said Mark A. Casale, Chairman and Chief Executive Officer.
The company maintained a strong credit profile with a weighted average credit score of 753 for new insurance written during the quarter, up from 748 a year earlier. Net investment income for the first half of 2025 rose 9% compared to the same period in 2024, reaching $117.5 million.
Essent’s board declared a quarterly cash dividend of $0.31 per common share, payable on September 10, 2025, to shareholders of record on August 29, 2025.
The company has been actively repurchasing shares, buying back 6.8 million common shares for $387 million year-to-date through July 31. Approximately $260 million remains under the $500 million repurchase plan authorized in February 2025.
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