Bermuda's Essent Group Q3 net income steady at $163 mln
ESNT•Essent Group reported third-quarter net income of $163.38 million, stable year over year, while new mortgage insurance written slipped slightly. The company approved a new $500 million share repurchase authorization through 2028.
1. Quarterly results
Essent Group's third-quarter net income was $163.38 million, and pretax profit was $199.04 million. Direct premiums written totaled $342.43 million.
2. Business and capital
New mortgage insurance written slipped slightly from a year earlier. The company said earnings power was supported by solid credit quality of insurance in force and approved a new $500 million share repurchase authorization through 2028.
3. Nine-month figures
For the nine months ended September 30, 2026, reinsurance net premiums written increased sharply from a year earlier, while net investment income rose 4%. Essent did not provide specific financial guidance for future quarters or the full year.
