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Essent Group: 3Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Essent Group Ltd. (ESNT) on Friday reported third-quarter net income of $116 million.

The Hamilton, Bermuda-based company said it had net income of $1.18 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The mortgage insurance and reinsurance holding company posted revenue of $185 million in the period.

Essent Group shares have declined almost 5 percent since the beginning of the year. The stock has fallen 1 percent 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