Essent Group: 4Q Earnings Snapshot
HAMILTON, Bermuda (AP) _ Essent Group Ltd. (ESNT) on Friday reported fourth-quarter profit of $147 million.
On a per-share basis, the Hamilton, Bermuda-based company said it had profit of $1.49.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.
The mortgage insurance and reinsurance holding company posted revenue of $228.8 million in the period.
For the year, the company reported profit of $555.7 million, or $5.66 per share. Revenue was reported as $867.6 million.
Essent Group shares have increased slightly since the beginning of the year. The stock has increased 21% in the last 12 months.