Essent Group (ESNT) Reports Q4 Net Income Decline

Essent Group (ESNT) reported a 12.3% year-over-year decline in Q4 net income to $41.7 million, ending a 12-month streak of positive results. The decline followed higher interest and tax expenses, partially offset by lower energy prices and reduced outage costs. Revenue for the quarter was $1.08 billion, down 3.2% from $1.12 billion in the same period. The company attributed the results to continued rate base inflation and higher borrowing costs. EPS for the quarter was $0.64 per share, down from $0.70 in Q4 2024.