Essent Group Ltd. has recently released its 10-Q report, providing a detailed insight into its financial condition and operations. Essent, headquartered in Hamilton, Bermuda, primarily offers private mortgage insurance and reinsurance for residential properties in the United States. The company also provides information technology maintenance, underwriting consulting services, credit risk management products, and title insurance and settlement services.
In the 10-Q report, Essent Group Ltd. revealed that its mortgage insurance operations generated new insurance written (NIW) of approximately $12.5 billion and $22.5 billion for the three and six months ended June 30, 2025, respectively. This compared to approximately $12.5 billion and $20.8 billion for the same periods in 2024. The company's financial strength ratings from various agencies include A2 with a stable outlook by Moody’s, A* with a stable outlook by S&P, and A (Excellent) with a stable outlook by A.M. Best.
The report also highlighted the impact of external events on Essent's operations. For example, the Federal Reserve's actions to increase and subsequently reduce the target federal funds rate, as well as natural disasters such as hurricanes and wildfires, were noted as factors influencing the company's business. Legislative and regulatory developments, such as the U.S. Tax Reform and the Bermuda Corporate Income Tax Act, were also discussed in the report.
Essent's results of operations were further detailed, including factors affecting net premiums written and earned, persistency and business mix, net investment income, income from other invested assets, and other income. The company's investment portfolio, predominantly comprised of investment-grade fixed income securities and money market funds, was a significant aspect of its financial performance.
The market has reacted to these announcements by moving the company's shares 5.7% to a price of $60.27. For more information, read the company's full 10-Q submission here.
