AP NEWS

Essent Group: 3Q Earnings Snapshot

November 8, 2019 GMT

HAMILTON, Bermuda (AP) _ Essent Group Ltd. (ESNT) on Friday reported third-quarter net income of $144.6 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $1.47.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.

The mortgage insurance and reinsurance holding company posted revenue of $226.4 million in the period.

Essent Group shares have increased 54% since the beginning of the year. The stock has risen 29% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ESNT at https://www.zacks.com/ap/ESNT