Essent Group's Q3 Earnings Miss Markets' Expectations
Update: 2025-11-14
Description
Essent Groups Q3 earnings missed Wall Streets expectations, with revenue at $311.8M and adjusted EPS at $1.67, both below estimates. Higher provisions for loan defaults and increased claim severity were the main reasons. Despite this, CEO Mark Casale highlighted the strong underlying quality of their insurance portfolio, with a high average credit score and stable loan persistency rates. Analysts questioned the rise in default provisions and claim severity, but Casale reassured investors of the long-term credit quality. Future performance indicators include interest rates impact on loan persistency, reinsurances effect on margins, and capital return plans.
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