Essent Group Ltd. Reveals Decline In Q4 Income, Misses Estimates

(RTTNews) - Essent Group Ltd. (ESNT) reported earnings for fourth quarter that decreased from last year and missed the Street estimates.

The company's bottom line came in at $167.900 million, or $1.58 per share. This compares with $175.367 million, or $1.64 per share, last year.

Analysts on average had expected the company to earn $1.65 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.0% to $315.027 million from $297.277 million last year.

Essent Group Ltd. earnings at a glance (GAAP) :

-Earnings: $167.900 Mln. vs. $175.367 Mln. last year. -EPS: $1.58 vs. $1.64 last year. -Revenue: $315.027 Mln vs. $297.277 Mln last year.

For the fourth quarter, Essent Group posted net premiums earned of $244.465 million, compared with $245.614 million recorded for the same period last year.

The company will pay a quarterly cash dividend of $0.31 per share on March 24 to shareholders of record as of March 14.