Mortgage and insurance company Essent's Q3 net income falls

Essent

07/11/2025 11:41

Overview

Essent Q3 net income at $164.2 mln, down from $176.2 mln in 2024

Insurance in force rises to $248.8 bln, up from $243.0 bln last year

In Nov, Essent announced $500 mln share repurchase authorization through 2027

Outlook

Essent Group did not provide specific guidance for future quarters or full year

Result Drivers

CREDIT TRENDS - Co attributes Q3 performance to favorable credit trends and interest rate environment, enhancing portfolio persistency and investment income

INSURANCE IN FORCE - Insurance in force increased to $248.8 bln from $246.8 bln in the previous quarter and $243.0 bln last year

NEW INSURANCE WRITTEN - New insurance written decreased to $12.2 bln from $12.5 bln in Q2 2025 and Q3 2024

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Direct Premiums Written
$280.80 mln
Q3 Net Income
$164.22 mln
Q3 Pretax Profit
$199.16 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy"

Wall Street's median 12-month price target for Essent Group Ltd is $67.50, about 10% above its November 6 closing price of $60.78

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNXbn9ZrH

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)