Essent Group reported third quarter 2026 results that surpassed revenue and volume expectations but fell slightly short of earnings estimates. The company demonstrated continued operational momentum with insurance in force reaching a record $250.1 billion and the board authorizing a new $500 million share repurchase program.
Key Highlights
- Mortgage new insurance written (NIW) of $12.1 billion beat the $11.2 billion analyst estimate, representing strong market share retention.
- Total revenue reached $374.2 million, a significant beat against the $348.5 million expectation, supported by net premium growth.
- Diluted EPS of $1.82 missed the consensus estimate of $1.88, as the provision for losses and LAE rose to $83.5 million from $44.9 million in the prior year quarter.
- Shareholder returns remained a priority, with $474 million in shares repurchased year-to-date through October and a quarterly dividend declaration of $0.35 per share.