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Essent Group: 4Q Earnings Snapshot

HAMILTON, Bermuda (AP) _ Essent Group Ltd. (ESNT) on Friday reported fourth-quarter net income of $128.5 million.

On a per-share basis, the Hamilton, Bermuda-based company said it had net income of $1.31. Earnings, adjusted for non-recurring costs, came to $1.39 per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.

The mortgage insurance and reinsurance holding company posted revenue of $193.1 million in the period.

For the year, the company reported profit of $467.4 million, or $4.77 per share. Revenue was reported as $719.4 million.

Essent Group shares have increased 20 percent since the beginning of the year. The stock has declined 9 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