Essent Group Ltd. has released its financial results for the fourth quarter and full year of 2025, accompanied by a significant increase in its quarterly dividend. The company reported a net income of $155.0 million for the quarter ended December 31, 2025, compared to $167.9 million for the same period in 2024. For the full year 2025, net income was $690.0 million, a decline from $729.4 million in 2024.
Mortgage insurance new insurance written for the fourth quarter of 2025 was $11.8 billion, showing a slight decrease from $12.2 billion in both the third quarter of 2025 and the fourth quarter of 2024. However, mortgage insurance in force as of December 31, 2025, stood at $248.4 billion, a marginal decrease from $248.8 billion as of September 30, 2025, and an increase from $243.6 billion as of December 31, 2024.
Essent Guaranty entered into a quota share reinsurance agreement during the fourth quarter of 2025 with a panel of highly rated third-party reinsurers, covering 20% of all eligible policies written in 2027. Additionally, during the same period, Essent Re entered into quota share agreements backed by funds at Lloyd’s to reinsure certain property and casualty risks effective in the first quarter of 2026.
In terms of capital management, Essent repurchased 9.9 million common shares for $576 million in 2025, retiring nearly 10% of its outstanding shares.
The company's board of directors has declared a quarterly cash dividend of $0.35 per common share, signaling confidence in its ability to generate sustainable, long-term value for shareholders.
Essent's management will hold a conference call at 10:00 am Eastern Time today to discuss its results, providing an opportunity for investors and stakeholders to gain further insights into the company's performance. Following these announcements, the company's shares moved -0.31%, and are now trading at a price of $60.94. Check out the company's full 8-K submission here.
