Essent

Q2 FY2026 EarningsQ2 FY26 results significantly exceeded consensus expectations across the board: GAAP EPS of $2.08 beat the $1.74 mean by 19.3%, while total revenue reached $362.7M, 6.6% above the $340.3M forecast. Outperformance was primarily driven by strong mortgage insurance volumes (NIW of $14.1B) and robust investment income. Despite an increase in loss provisions to $49.0M, aggressive share repurchases—totaling 5.8 million shares YTD—successfully amplified bottom-line growth, with book value per share rising to $63.01, slightly ahead of the $62.68 consensus.