Essent .(US:ESNT) Globenewswireยท2025-11-07 11:30Core Viewpoint - Essent Group Ltd. reported a net income of $164.2 million for Q3 2025, reflecting a slight decrease from $176.2 million in Q3 2024, while also announcing a quarterly cash dividend of $0.31 per share [1][2]. Financial Performance - Net income for the quarter ended September 30, 2025, was $164.2 million or $1.67 per diluted share, compared to $176.2 million or $1.65 per diluted share for the same quarter in 2024 [1][11]. - Total revenues for Q3 2025 were $311.8 million, down from $316.6 million in Q3 2024 [11][12]. - Net investment income for the nine months ended September 30, 2025, was $177.3 million, up 7% from the same period in 2024 [8]. Insurance Metrics - New insurance written for Q3 2025 was $12.2 billion, a decrease from $12.5 billion in Q2 2025 and Q3 2024 [8]. - Insurance in force as of September 30, 2025, was $248.8 billion, compared to $246.8 billion as of June 30, 2025, and $243.0 billion as of September 30, 2024 [8][20]. - The company reported a weighted average credit score of 746 for its insurance portfolio as of September 30, 2025 [26]. Shareholder Returns - The Board of Directors declared a quarterly cash dividend of $0.31 per common share, payable on December 10, 2025, to shareholders of record on December 1, 2025 [1][2]. - Year-to-date through October 31, 2025, Essent repurchased 8.7 million common shares for $501 million, with a new $500 million share repurchase authorization approved for execution through year-end 2027 [8]. Ratings and Outlook - Moody's Ratings upgraded the insurance financial strength rating of Essent Guaranty, Inc. to A2 from A3 and the senior unsecured debt rating of Essent Group Ltd. to Baa2 from Baa3, with a stable outlook [8].