Essent Group Ltd. (ESNT), a private mortgage insurance company, Friday reported net income of $181.72 million or $1.70 per share for the first quarter, higher than $170.83 million or $1.59 per share in the same quarter a year ago, primarily driven by earned premiums.
On average, 11 analysts polled by Thomson-Reuters expected profit of $1.59 per share for the first quarter.
Net premium earned rose to $245.59 million from $211.26 million last year.
Net investment income was $52.1 million, up 20 percent year over year.
Total revenue grew to $298.36 million from $256.25 million in the previous year. The consensus estimate was for $298.62 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.