Essent Group Ltd. (NYSE:ESNT) reported second-quarter earnings on Friday that beat analyst forecasts, driven by robust credit results and higher investment income. The mortgage insurer posted earnings of $1.93 per diluted share, well above the estimated $1.72.
Shares in the company inched up 0.07% in after-hours trading following the announcement.
For the quarter ending June 30, 2025, revenue was supported by new insurance written totaling $12.5 billion — flat compared to the same period last year but an increase from $9.9 billion in Q1 2025. Insurance in force rose to $246.8 billion, marking a 2.5% increase from $240.7 billion a year earlier.
Net income for the quarter stood at $195.3 million, slightly lower than $203.6 million recorded in Q2 2024, while earnings per diluted share rose modestly from $1.91 to $1.93.
“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.
Essent maintained a strong credit profile, with a weighted average credit score of 753 on new insurance written during the quarter, up from 748 in the previous year. Net investment income for the first half of 2025 grew 9% year over year to $117.5 million.
The company’s board declared a quarterly cash dividend of $0.31 per common share, payable on September 10, 2025, to shareholders of record as of August 29, 2025.
Year to date through July 31, Essent has repurchased 6.8 million common shares for $387 million, leaving about $260 million remaining under its $500 million share buyback plan authorized in February 2025.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.