Assurant and Essent Group Lead Q2 Property and Casualty Insurance Earnings

Earnings

โดย Yahoo Finance·

Summary · why it matters

Assurant and Essent Group were among the standout performers in the second quarter property and casualty insurance earnings season. Assurant reported revenues of $3.46 billion, up 9% year on year, beating analysts' expectations by 0.9%, while Essent Group posted revenues of $362.7 million, up 13.6% year on year, exceeding estimates by 9.7%. Radian Group was the weakest performer, with revenues of $580.7 million, up 90.8% year on year but in line with expectations and a significant miss on EPS. Bowhead Specialty reported revenues of $163.9 million, up 23% year on year, beating estimates by 0.7%, and HCI Group reported revenues of $246.7 million, up 11.1% year on year, topping expectations by 2.5%. Overall, the 32 property and casualty insurance stocks tracked beat consensus revenue estimates by 2.3% and provided next quarter revenue guidance 0.9% above expectations.