Key takeaways
- Unfortunately for the insurer and its stock, they gave it a clear thumbs-down, and the shares dived by almost 8% across the trading day as a result.
- For the period, Essent's total revenue rose by nearly 20% year over year to more than $374 million.
- Net income declined marginally to slightly over $163 million, or $1.82 per share.
Essent missed on analyst profitability estimates. It saw a dip in new mortgage insurance written; such policies are at the heart of its business.
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