Radian Group stock has tripled since 2020 but is now facing decline due to high mortgage rates and low affordable home supply. The private mortgage insurance industry faces significant headwinds, including an aging homebuyer demographic, high mortgage rates, and decreasing home affordability.
Essent Group Ltd. (NYSE:ESNT ) Q3 2024 Earnings Call Transcript November 1, 2024 10:00 AM ET Company Participants Phil Stefano - IR Mark Casale - Chairman and CEO David Weinstock - CFO Chris Curran - President, Essent Guaranty Conference Call Participants Terry Ma - Barclays Doug Harter - UBS Bose George - KBW Mihir Bhatia - Bank of America Melissa Wedel - JPMorgan Operator Ladies and gentlemen...
HAMILTON, Bermuda--(BUSINESS WIRE)--Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended September 30, 2024 of $176.2 million or $1.65 per diluted share, compared to $178.0 million or $1.66 per diluted share for the quarter ended September 30, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share....
HAMILTON, Bermuda--(BUSINESS WIRE)--Essent Group Ltd. Announces Closing of $363.4 Million Reinsurance Transaction and Related Mortgage Insurance-Linked Notes.
Essent Group Ltd. is a Bermuda-based holding company specializing in private mortgage insurance, reinsurance, and related services, enhancing mortgage accessibility in the U.S. housing market. Since March 2018, Essent has transferred $1 billion of risk to investors via nine Radnor Re ILNs and $288 million through five XOL deals. Essent's PMI protects lenders from borrower defaults, enabling mor...
HAMILTON, Bermuda--(BUSINESS WIRE)--Essent Group Ltd. Comments on Updates to Private Mortgage Insurer Eligibility Requirements.
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