Key Highlights

  • Third-quarter 2026 Net Income was $163.4 million, or $1.82 per diluted share, against $164.2 million, or $1.67, a year earlier.
  • Total revenues were $374.2 million, against $311.8 million in the third quarter of 2025.
  • Mortgage new insurance written was $12.1 billion, against $14.1 billion in the second quarter of 2026.
  • Mortgage insurance in force was $250.1 billion as of Sept. 30, 2026.
  • The board declared a quarterly Dividend of $0.35 per common share.

Essent Group (NYSE:ESNT), the Bermuda-based provider of private Mortgage insurance, reinsurance, and title insurance and settlement services, reported third-quarter 2026 results on Friday before the market opened. Net income was $163.4 million, or $1.82 per diluted share, compared with $164.2 million, or $1.67 per diluted share, in the third quarter of 2025. Market estimates had pointed to Earnings of $1.85 per share and Revenue of $344.17 million.

Total revenues were $374.2 million, compared with $311.8 million a year earlier. Net premiums earned were $290.7 million, against $246.3 million, and net Investment income was $63.0 million, against $59.8 million.

Insurance Volumes, Reserves and Book Value

Mortgage new insurance written was $12.1 billion in the quarter, against $14.1 billion in the second quarter of 2026 and $12.2 billion in the third quarter of 2025. Mortgage insurance in force was $250.1 billion on Sept. 30, against $249.7 billion on June 30 and $248.8 billion a year earlier.

The provision for losses and loss adjustment expenses was $83.5 million, against $44.9 million in the third quarter of 2025. Book Value per share was $62.58 on Sept. 30, against $58.86 a year earlier.

For the nine months, Reinsurance net premiums written were $330.3 million, against $49.3 million in the same period of 2025. Net investment income was $183.8 million, up 4% from the comparable period.

Dividend and Capital Return

The board declared a quarterly Cash Dividend of $0.35 per common share, payable Dec. 10 to shareholders of record on Dec. 1. Year to date through Oct. 31, Essent repurchased 7.7 million common shares for $474 million. In November, the board approved a $500 million share repurchase authorization that runs through year-end 2028.

Nine-month net income was $524.9 million, against $535.0 million a year earlier. Management scheduled a conference call for 10:00 a.m. ET on Friday.