Essent Group Q1 2025 Results: Solid Earnings, Strong Capital

Essent Group (NYSE: ESNT) reported Q1 2025 net income of $175.4 million ($1.69 per diluted share), down slightly from $181.7 million ($1.70) a year ago. The board declared a $0.31/share dividend, payable June 10.

• New Insurance Written: $9.9B (vs. $8.3B in Q1 2024)
• Insurance in Force: $244.7B
• Net Investment Income: $58.2M, +12% YoY
• Loss Ratio: 13.1%; Expense Ratio: 18.7%
• ROE: 12.5%
• PMIERs Sufficiency: 172% with $1.52B excess assets
• Share Buybacks: 3.9M shares repurchased YTD for $218M

Reinsurance and solid credit performance supported earnings despite a sequential dip in NIW.