Mortgage insurer Essent Group Q2 new insurance written remains steady

Essent

08/08/2025 11:38

Overview

Essent Group Q2 net income declines to $195.3 mln from $203.6 mln yr/yr

New insurance written in Q2 remains steady at $12.5 bln

Outlook

Essent Group emphasizes strong capital position for future shareholder returns

Result Drivers

CREDIT STRENGTH - Co attributes Q2 results to continued strength in credit and elevated portfolio persistency, per CEO Mark A. Casale

INVESTMENT INCOME - Increased investment income contributed to Q2 financial performance

REINSURANCE AGREEMENTS - Entered into two excess of loss reinsurance agreements covering 20% of eligible policies for 2025 and 2026

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Direct Premiums Written
$274.87 mln
Q2 Net Income
$195.34 mln
Q2 Pretax Profit
$231.18 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $65.00, about 12.3% above its August 7 closing price of $57.02

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

Press Release: ID:nBw4pjgJQa

(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.)