Essent Group Ltd. (ESNT) revealed earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings came in at $175.433 million, or $1.69 per share. This compares with $181.719 million, or $1.70 per share, last year.
Analysts on average had expected the company to earn $1.65 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.4% to $317.558 million from $298.357 million last year.
Essent Group Ltd. earnings at a glance (GAAP) :
-Earnings: $175.433 Mln. vs. $181.719 Mln. last year.-EPS: $1.69 vs. $1.70 last year.-Revenue: $317.558 Mln vs. $298.357 Mln last year.
For the first quarter, the company posted net premiums earned of $245.848 million, higher than $245.590 million, recorded for the same period last year.
Essent will pay a quarterly cash dividend of $0.31 per share on June 10, to shareholders of record as of May 30.
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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.