Essent Group (ESNT) Financials

$61.52 -0.67 (-1.08%)

Closing price 10/2/2025 03:59 PM Eastern

Extended Trading

$61.56 +0.05 (+0.07%)

As of 10/2/2025 04:46 PM Eastern

Annual Income Statements for Essent Group

This table shows Essent Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	157	223	380	467	556	413	682	831	696	729
Consolidated Net Income / (Loss)	157	223	380	467	556	413	682	831	696	729
Net Income / (Loss) Continuing Operations	157	223	380	467	556	413	682	831	696	729
Total Pre-Tax Income	228	312	399	547	659	490	822	988	823	855
Total Revenue	353	458	571	709	858	946	1,020	985	1,080	1,208
Net Interest Income / (Expense)	0.00	-0.43	-5.18	-10	-10	-9.07	-8.28	-16	-30	-35
Total Interest Income	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Interest Expense	0.00	0.43	5.18	10	10	9.07	8.28	16	30	35
Long-Term Debt Interest Expense	0.00	0.43	5.18	10	10	9.07	8.28	16	30	35
Total Non-Interest Income	353	458	577	719	868	955	1,029	1,001	1,110	1,243
Other Service Charges	4.38	5.73	4.14	4.45	3.57	10	10	18	25	25
Net Realized & Unrealized Capital Gains on Investments	22	30	42	65	87	83	146	140	168	227
Premiums Earned	326	423	530	649	777	863	873	843	917	991
Total Non-Interest Expense	125	146	173	162	198	456	198	-2.97	257	352
Property & Liability Insurance Claims	12	16	27	12	33	301	31	-175	32	81
Insurance Policy Acquisition Costs	113	130	146	151	165	155	167	172	225	271
Income Tax Expense	71	89	19	79	103	77	141	157	127	126
Basic Earnings per Share	$1.74	$2.45	$4.07	$4.80	$5.68	$3.89	$6.13	$7.75	$6.56	$6.92
Weighted Average Basic Shares Outstanding	90.35M	90.91M	93.33M	97.40M	97.76M	106.10M	111.16M	107.21M	106.22M	105.39M
Diluted Earnings per Share	$1.72	$2.41	$3.99	$4.77	$5.66	$3.88	$6.11	$7.72	$6.50	$6.85
Weighted Average Diluted Shares Outstanding	91.74M	92.25M	95.21M	97.97M	98.23M	106.38M	111.56M	107.65M	107.13M	106.55M
Weighted Average Basic & Diluted Shares Outstanding	90.40M	90.90M	93.30M	97.40M	98.45M	112.84M	108.78M	108.10M	106.87M	103.84M
Cash Dividends to Common per Share	-	-	-	-	$0.30	$0.64	$0.70	$0.86	$1.00	$1.12

This table shows Essent Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	178	147	171	172	178	175	182	204	176	168
Consolidated Net Income / (Loss)	178	147	171	172	178	175	182	204	176	168
Net Income / (Loss) Continuing Operations	178	147	171	172	178	175	182	204	176	168
Total Pre-Tax Income	211	173	201	209	209	203	214	239	208	195
Total Revenue	257	224	249	253	288	289	290	305	305	307
Net Interest Income / (Expense)	-4.45	-6.05	-6.94	-7.39	-7.85	-7.95	-7.86	-7.85	-11	-8.15
Total Interest Expense	4.45	6.05	6.94	7.39	7.85	7.95	7.86	7.85	11	8.15
Long-Term Debt Interest Expense	4.45	6.05	6.94	7.39	7.85	7.95	7.86	7.85	11	8.15
Total Non-Interest Income	262	230	256	260	296	297	298	313	317	315
Other Service Charges	11	-1.89	4.94	8.09	5.61	6.40	3.74	6.55	7.41	7.23
Net Realized & Unrealized Capital Gains on Investments	42	25	40	39	44	45	49	55	60	63
Premiums Earned	208	207	211	213	247	246	246	252	249	244
Total Non-Interest Expense	46	51	48	43	79	86	77	66	98	112
Property & Liability Insurance Claims	-	-	-0.18	1.26	11	20	9.91	-0.33	31	41
Insurance Policy Acquisition Costs	42	47	48	42	55	80	57	56	57	100
Income Tax Expense	33	26	30	37	31	28	32	36	31	27
Basic Earnings per Share	$1.67	$1.38	$1.60	$1.62	$1.68	$1.66	$1.72	$1.93	$1.67	$1.60
Weighted Average Basic Shares Outstanding	106.87M	107.21M	106.94M	106.25M	105.98M	106.22M	105.70M	105.66M	105.27M	105.39M
Diluted Earnings per Share	$1.66	$1.38	$1.59	$1.61	$1.66	$1.64	$1.70	$1.91	$1.65	$1.59
Weighted Average Diluted Shares Outstanding	107.34M	107.65M	107.59M	107.09M	107.03M	107.13M	106.77M	106.78M	106.55M	106.55M
Weighted Average Basic & Diluted Shares Outstanding	107.71M	108.10M	107.26M	106.99M	106.76M	106.87M	106.67M	106.25M	106.21M	103.84M

This table details how cash moves in and out of Essent Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	0.20	2.93	16	21	6.40	31	-21	-0.25	61	-10
Net Cash From Operating Activities	227	275	369	625	590	728	709	589	763	862
Net Cash From Continuing Operating Activities	227	275	369	625	590	728	709	589	763	862
Net Income / (Loss) Continuing Operations	157	223	380	467	556	413	682	831	696	729
Consolidated Net Income / (Loss)	157	223	380	467	556	413	682	831	696	729
Depreciation Expense	3.22	4.06	3.92	3.40	3.77	3.33	3.38	3.02	4.53	5.78
Amortization Expense	10	10	12	14	16	23	34	18	15	20
Non-Cash Adjustments to Reconcile Net Income	63	73	-2.76	65	74	56	74	75	31	66
Changes in Operating Assets and Liabilities, net	-7.23	-35	-24	76	-59	232	-83	-339	16	40
Net Cash From Investing Activities	-221	-365	-690	-547	-545	-1,154	-583	-399	-526	-707
Net Cash From Continuing Investing Activities	-221	-365	-690	-547	-545	-1,154	-583	-399	-526	-707
Purchase of Property, Leasehold Improvements and Equipment	-4.96	-3.16	-2.78	-4.05	-3.41	-2.45	-2.50	-3.98	-4.00	-6.77
Purchase of Investment Securities	-674	-657	-833	-999	-1,095	-1,592	-1,924	-1,453	-1,243	-1,533
Sale and/or Maturity of Investments	458	295	146	456	553	440	1,344	1,058	721	833
Net Cash From Financing Activities	-5.65	94	338	-57	-38	458	-147	-190	-177	-165
Net Cash From Continuing Financing Activities	-5.65	94	338	-57	-38	458	-147	-190	-177	-165
Issuance of Debt	0.00	100	200	15	0.00	200	225	0.00	0.00	498
Repayment of Debt	0.00	-2.44	-53	-41	-0.02	-106	-131	-0.15	0.00	-433
Repurchase of Common Equity	-5.17	-4.02	-7.58	-31	-9.01	-6.35	-164	-98	-71	-112
Payment of Dividends	-	-	0.00	0.00	-29	-69	-78	-92	-106	-118
Cash Interest Paid	0.00	0.32	4.69	9.45	9.86	8.26	6.95	14	29	17
Cash Income Taxes Paid	16	31	40	29	42	39	56	98	140	93

This table details how cash moves in and out of Essent Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	1.62	1.77	-13	-0.53	29	45	22	33	-88	22
Net Cash From Operating Activities	173	172	185	168	195	215	217	189	229	227
Net Cash From Continuing Operating Activities	173	172	185	168	195	215	217	189	229	227
Net Income / (Loss) Continuing Operations	178	147	171	172	178	175	182	204	176	168
Consolidated Net Income / (Loss)	178	147	171	172	178	175	182	204	176	168
Depreciation Expense	0.74	0.79	0.70	0.74	1.74	1.34	1.39	1.47	1.49	1.43
Amortization Expense	4.20	3.69	3.20	3.50	3.74	4.46	4.54	5.13	5.28	5.28
Non-Cash Adjustments to Reconcile Net Income	11	30	26	-38	23	20	21	21	16	7.11
Changes in Operating Assets and Liabilities, net	-21	-9.31	-16	29	-12	14	8.28	-43	30	45
Net Cash From Investing Activities	-147	-146	-149	-112	-135	-129	-151	-104	-344	-108
Net Cash From Continuing Investing Activities	-147	-146	-149	-112	-135	-129	-151	-104	-344	-108
Purchase of Property, Leasehold Improvements and Equipment	-0.86	-1.47	-0.39	-0.41	-1.05	-2.16	-4.48	-1.06	-0.50	-0.72
Purchase of Investment Securities	-284	-362	-800	-69	-106	-268	-69	-6.92	-1,046	-410
Sale and/or Maturity of Investments	137	217	651	-43	-28	141	-77	-96	703	303
Net Cash From Financing Activities	-24	-25	-48	-56	-32	-41	-43	-52	26	-97
Net Cash From Continuing Financing Activities	-24	-25	-48	-56	-32	-41	-43	-52	26	-97
Repayment of Debt	-	-	-	-	-	-	-	-	-	-0.89
Repurchase of Common Equity	-0.02	-0.14	-21	-30	-5.04	-15	-14	-22	-9.65	-66
Payment of Dividends	-24	-25	-27	-27	-26	-26	-30	-30	-29	-29
Cash Income Taxes Paid	24	25	0.00	35	19	86	0.62	51	21	20

This table presents Essent Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,469	1,883	2,674	3,150	3,873	5,203	5,722	5,724	6,427	7,112
Cash and Due from Banks	25	28	44	65	71	103	81	81	142	131
Trading Account Securities	1,191	1,483	1,993	2,637	3,430	4,654	5,133	5,000	5,541	6,181
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	7.77	9.49	13	18	19	20	27	33	36	44
Premises and Equipment, Net	9.02	8.12	6.98	7.63	17	15	12	20	41	42
Mortgage Servicing Rights	119	181	252	202	262	303	361	418	471	490
Deferred Acquisition Cost	12	13	15	16	16	17	12	9.91	9.14	9.65
Intangible Assets	-	-	-	-	-	-	-	0.00	73	80
Other Assets	106	160	351	205	59	91	96	162	114	135
Total Liabilities & Shareholders' Equity	1,469	1,883	2,674	3,150	3,873	5,203	5,722	5,724	6,427	7,112
Total Liabilities	350	539	734	784	889	1,340	1,486	1,261	1,324	1,508
Short-Term Debt	0.00	100	249	224	224	322	420	421	422	0.00
Long-Term Debt	-	-	-	-	-	-	-	-	0.00	494
Claims and Claim Expense	18	28	47	49	69	375	407	216	260	329
Unearned Premiums Liability	201	220	260	295	279	250	185	163	140	116
Other Long-Term Liabilities	131	191	179	216	316	393	473	461	502	569
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,119	1,344	1,940	2,366	2,985	3,863	4,236	4,462	5,103	5,604
Total Preferred & Common Equity	1,119	1,344	1,940	2,366	2,985	3,863	4,236	4,462	5,103	5,604
Total Common Equity	1,119	1,344	1,940	2,366	2,985	3,863	4,236	4,462	5,103	5,604
Common Stock	906	920	1,129	1,112	1,120	1,573	1,431	1,352	1,301	1,217
Retained Earnings	214	436	815	1,282	1,809	2,152	2,755	3,493	4,082	4,691
Accumulated Other Comprehensive Income / (Loss)	-0.10	-12	-3.25	-29	56	138	51	-383	-280	-304

This table presents Essent Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	5,557	5,928	5,983	6,094	6,565	6,693	7,127
Cash and Due from Banks	79	69	68	97	164	197	109
Trading Account Securities	4,848	5,205	5,289	5,270	5,649	5,738	6,245
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accrued Investment Income	30	37	36	37	36	36	40
Premises and Equipment, Net	20	19	31	41	44	43	41
Mortgage Servicing Rights	406	418	446	461	467	487	494
Deferred Acquisition Cost	10	9.51	9.46	9.38	8.98	9.20	9.49
Intangible Assets	-	-	-	64	72	70	70
Other Assets	164	170	103	115	124	112	116
Total Liabilities & Shareholders' Equity	5,557	5,928	5,983	6,094	6,565	6,693	7,127
Total Liabilities	1,263	1,279	1,250	1,286	1,339	1,313	1,486
Short-Term Debt	421	421	421	422	422	422	494
Claims and Claim Expense	212	216	217	241	267	261	288
Unearned Premiums Liability	169	158	154	148	133	127	121
Other Long-Term Liabilities	460	484	458	475	516	503	583
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,294	4,649	4,733	4,808	5,226	5,380	5,641
Total Preferred & Common Equity	4,294	4,649	4,733	4,808	5,226	5,380	5,641
Total Common Equity	4,294	4,649	4,733	4,808	5,226	5,380	5,641
Common Stock	1,347	1,336	1,311	1,311	1,295	1,281	1,278
Retained Earnings	3,371	3,637	3,782	3,933	4,233	4,407	4,553
Accumulated Other Comprehensive Income / (Loss)	-424	-324	-360	-436	-302	-308	-190

This table displays calculated financial ratios and metrics derived from Essent Group's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	47.53%	29.59%	24.79%	24.13%	20.93%	10.32%	7.84%	-3.43%	9.58%	11.85%
EBITDA Growth	66.37%	35.10%	26.99%	36.14%	20.28%	-23.86%	66.29%	17.47%	-16.56%	4.64%
EBIT Growth	68.03%	36.55%	27.79%	37.17%	20.59%	-25.66%	67.79%	20.17%	-16.72%	3.95%
NOPAT Growth	77.78%	41.49%	70.59%	23.07%	18.90%	-25.67%	65.06%	21.94%	-16.23%	4.74%
Net Income Growth	77.78%	41.49%	70.59%	23.07%	18.90%	-25.67%	65.06%	21.94%	-16.23%	4.74%
EPS Growth	66.99%	40.12%	65.56%	19.55%	18.66%	-31.45%	57.47%	26.35%	-15.80%	5.38%
Operating Cash Flow Growth	47.40%	21.19%	34.24%	69.66%	-5.67%	23.41%	-2.57%	-16.98%	29.58%	12.91%
Free Cash Flow Firm Growth	95.75%	-1,551.43%	-258.60%	118.33%	-195.49%	-778.65%	137.39%	187.40%	-90.88%	183.64%
Invested Capital Growth	17.11%	29.00%	51.62%	18.29%	23.93%	30.39%	11.27%	4.88%	13.13%	10.37%
Revenue Q/Q Growth	7.53%	6.64%	6.19%	4.61%	4.41%	1.97%	0.97%	-3.03%	6.44%	1.47%
EBITDA Q/Q Growth	9.25%	7.74%	4.78%	9.05%	3.53%	-5.02%	9.42%	-4.61%	3.86%	-0.80%
EBIT Q/Q Growth	9.39%	8.21%	4.74%	9.34%	3.54%	-5.48%	9.43%	-4.27%	3.78%	-0.93%
NOPAT Q/Q Growth	11.02%	8.91%	35.72%	-6.80%	3.43%	-5.35%	9.19%	-3.89%	4.19%	-1.01%
Net Income Q/Q Growth	11.02%	8.91%	35.72%	-6.80%	3.43%	-5.35%	9.19%	-3.89%	4.19%	-1.01%
EPS Q/Q Growth	10.26%	8.07%	33.89%	-7.02%	3.28%	-9.35%	9.69%	-3.26%	4.17%	-0.72%
Operating Cash Flow Q/Q Growth	7.21%	2.73%	12.82%	3.79%	4.59%	1.98%	1.67%	-3.08%	5.99%	1.32%
Free Cash Flow Firm Q/Q Growth	95.58%	-28.08%	-16.39%	296.36%	38.09%	14.23%	-31.08%	-5.72%	-64.12%	192.94%
Invested Capital Q/Q Growth	4.00%	6.14%	12.02%	6.18%	4.22%	0.32%	3.68%	3.57%	5.64%	-0.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	68.39%	71.30%	72.55%	79.57%	79.15%	54.63%	84.24%	102.47%	78.03%	73.00%
EBIT Margin	64.65%	68.12%	69.76%	77.09%	76.87%	51.80%	80.60%	100.30%	76.23%	70.84%
Profit (Net Income) Margin	44.53%	48.62%	66.47%	65.90%	64.80%	43.66%	66.83%	84.38%	64.50%	60.40%
Tax Burden Percent	68.88%	71.38%	95.28%	85.49%	84.32%	84.28%	82.91%	84.13%	84.62%	85.26%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	99.97%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	31.12%	28.62%	4.72%	14.51%	15.68%	15.72%	17.09%	15.87%	15.38%	14.74%
Return on Invested Capital (ROIC)	15.16%	17.37%	20.91%	19.56%	19.17%	11.17%	15.42%	17.43%	13.38%	12.55%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	17.37%	20.91%	19.56%	19.17%	11.17%	15.42%	17.43%	13.38%	12.55%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.71%	2.22%	2.15%	1.60%	0.89%	1.41%	1.68%	1.18%	1.07%
Return on Equity (ROE)	0.00%	18.08%	23.13%	21.71%	20.77%	12.06%	16.84%	19.12%	14.56%	13.63%
Cash Return on Invested Capital (CROIC)	-0.59%	-7.95%	-20.12%	2.80%	-2.21%	-15.21%	4.76%	12.67%	1.06%	2.69%
Operating Return on Assets (OROA)	17.23%	18.61%	17.49%	18.77%	18.77%	10.80%	15.05%	17.27%	13.55%	12.64%
Return on Assets (ROA)	11.87%	13.28%	16.67%	16.05%	15.82%	9.10%	12.48%	14.53%	11.46%	10.78%
Return on Common Equity (ROCE)	0.00%	18.08%	23.13%	21.71%	20.77%	12.06%	16.84%	19.12%	14.56%	13.63%
Return on Equity Simple (ROE_SIMPLE)	14.06%	16.57%	19.57%	19.76%	18.62%	10.69%	16.09%	18.63%	13.65%	13.02%
Net Operating Profit after Tax (NOPAT)	157	223	380	467	556	413	682	831	696	729
NOPAT Margin	44.53%	48.62%	66.47%	65.90%	64.80%	43.66%	66.83%	84.38%	64.50%	60.40%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.35%	31.88%	30.24%	22.91%	23.13%	48.20%	19.40%	-0.30%	23.77%	29.16%
Earnings before Interest and Taxes (EBIT)	228	312	399	547	659	490	822	988	823	855
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	242	326	415	564	679	517	859	1,010	842	882
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.65	2.05	2.01	1.29	1.57	1.17	1.13	0.90	1.08	1.03
Price to Tangible Book Value (P/TBV)	1.65	2.05	2.01	1.29	1.57	1.17	1.13	0.90	1.10	1.05
Price to Revenue (P/Rev)	5.24	6.01	6.83	4.32	5.48	4.79	4.67	4.08	5.12	4.79
Price to Earnings (P/E)	11.77	12.36	10.28	6.55	8.46	10.98	7.00	4.84	7.93	7.93
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.63%	1.59%	1.62%	2.30%	1.93%	2.06%
Earnings Yield	8.49%	8.09%	9.73%	15.26%	11.83%	9.11%	14.30%	20.68%	12.61%	12.61%
Enterprise Value to Invested Capital (EV/IC)	1.63	1.96	1.88	1.24	1.51	1.14	1.10	0.89	1.05	1.01
Enterprise Value to Revenue (EV/Rev)	5.17	6.17	7.19	4.54	5.66	5.02	5.01	4.43	5.38	5.09
Enterprise Value to EBITDA (EV/EBITDA)	7.56	8.65	9.91	5.71	7.15	9.20	5.94	4.32	6.89	6.97
Enterprise Value to EBIT (EV/EBIT)	8.00	9.06	10.31	5.89	7.36	9.70	6.21	4.41	7.05	7.18
Enterprise Value to NOPAT (EV/NOPAT)	11.62	12.69	10.82	6.89	8.73	11.51	7.49	5.24	8.33	8.42
Enterprise Value to Operating Cash Flow (EV/OCF)	8.07	10.29	11.15	5.15	8.23	6.53	7.20	7.40	7.61	7.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	48.08	0.00	0.00	24.30	7.22	105.34	39.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.07	0.13	0.09	0.08	0.08	0.10	0.09	0.08	0.09
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09
Financial Leverage	0.00	0.04	0.11	0.11	0.08	0.08	0.09	0.10	0.09	0.09
Leverage Ratio	1.28	1.36	1.39	1.35	1.31	1.33	1.35	1.32	1.27	1.26
Compound Leverage Factor	1.28	1.36	1.39	1.35	1.31	1.33	1.35	1.32	1.27	1.26
Debt to Total Capital	0.00%	6.93%	11.36%	8.64%	6.99%	7.69%	9.02%	8.62%	7.64%	8.10%
Short-Term Debt to Total Capital	0.00%	6.93%	11.36%	8.64%	6.99%	7.69%	9.02%	8.62%	7.64%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	93.07%	88.64%	91.36%	93.01%	92.31%	90.98%	91.38%	92.36%	91.90%
Debt to EBITDA	0.00	0.31	0.60	0.40	0.33	0.62	0.49	0.42	0.50	0.56
Net Debt to EBITDA	0.00	0.22	0.49	0.28	0.23	0.42	0.39	0.34	0.33	0.41
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.56
Debt to NOPAT	0.00	0.45	0.65	0.48	0.40	0.78	0.62	0.51	0.61	0.68
Net Debt to NOPAT	0.00	0.33	0.54	0.34	0.28	0.53	0.50	0.41	0.40	0.50
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-6.17	-102	-366	67	-64	-562	210	604	55	156
Operating Cash Flow to CapEx	4,567.72%	8,683.08%	13,243.73%	15,424.79%	17,302.67%	29,760.06%	28,392.95%	14,790.68%	19,065.49%	12,733.25%
Free Cash Flow to Firm to Interest Expense	0.00	-239.26	-70.59	6.58	-6.30	-61.96	25.38	38.71	1.83	4.42
Operating Cash Flow to Interest Expense	0.00	644.50	71.18	61.43	58.11	80.22	85.64	37.73	25.32	24.39
Operating Cash Flow Less CapEx to Interest Expense	0.00	637.08	70.64	61.03	57.77	79.95	85.34	37.47	25.19	24.20
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.27	0.27	0.25	0.24	0.24	0.21	0.19	0.17	0.18	0.18
Fixed Asset Turnover	47.54	53.42	75.68	97.09	68.78	58.39	75.53	62.57	35.47	29.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,119	1,444	2,189	2,589	3,209	4,184	4,656	4,883	5,524	6,098
Invested Capital Turnover	0.34	0.36	0.31	0.30	0.30	0.26	0.23	0.21	0.21	0.21
Increase / (Decrease) in Invested Capital	164	325	745	400	620	975	472	227	641	573
Enterprise Value (EV)	1,827	2,825	4,108	3,222	4,852	4,754	5,107	4,360	5,803	6,145
Market Capitalization	1,852	2,752	3,903	3,063	4,699	4,535	4,769	4,020	5,523	5,782
Book Value per Share	$12.08	$14.43	$19.71	$24.11	$30.34	$34.36	$38.36	$41.43	$47.79	$52.76
Tangible Book Value per Share	$12.08	$14.43	$19.71	$24.11	$30.34	$34.36	$38.36	$41.43	$47.11	$52.01
Total Capital	1,119	1,444	2,189	2,589	3,209	4,184	4,656	4,883	5,524	6,098
Total Debt	0.00	100	249	224	224	322	420	421	422	494
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	494
Net Debt	-25	72	205	159	153	219	338	340	280	362
Capital Expenditures (CapEx)	4.96	3.16	2.78	4.05	3.41	2.45	2.50	3.98	4.00	6.77
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	0.00	100	249	224	224	322	420	421	422	494
Total Depreciation and Amortization (D&A)	13	15	16	18	20	27	37	21	19	26
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.74	$2.45	$4.07	$4.80	$5.68	$3.89	$6.13	$7.75	$6.56	$6.92
Adjusted Weighted Average Basic Shares Outstanding	90.35M	90.91M	93.33M	97.40M	97.76M	106.10M	111.16M	107.21M	106.22M	105.39M
Adjusted Diluted Earnings per Share	$1.72	$2.41	$3.99	$4.77	$5.66	$3.88	$6.11	$7.72	$6.50	$6.85
Adjusted Weighted Average Diluted Shares Outstanding	91.74M	92.25M	95.21M	97.97M	98.23M	106.38M	111.56M	107.65M	107.13M	106.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	93.06M	93.39M	98.09M	98.29M	98.45M	112.84M	108.78M	108.10M	106.87M	103.84M
Normalized Net Operating Profit after Tax (NOPAT)	157	223	380	467	556	413	682	831	696	729
Normalized NOPAT Margin	44.53%	48.62%	66.47%	65.90%	64.80%	43.66%	66.83%	84.38%	64.50%	60.40%
Pre Tax Income Margin	64.65%	68.12%	69.76%	77.09%	76.85%	51.80%	80.60%	100.30%	76.23%	70.84%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	732.12	76.97	53.71	64.95	54.01	99.29	63.31	27.31	24.22
NOPAT to Interest Expense	0.00	522.55	73.34	45.91	54.74	45.52	82.32	53.26	23.11	20.65
EBIT Less CapEx to Interest Expense	0.00	724.69	76.44	53.31	64.61	53.74	98.99	63.06	27.18	24.03
NOPAT Less CapEx to Interest Expense	0.00	515.13	72.80	45.52	54.41	45.25	82.02	53.01	22.97	20.46
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	5.28%	16.80%	11.40%	11.08%	15.25%	16.18%
Augmented Payout Ratio	3.28%	1.81%	2.00%	6.72%	6.90%	18.34%	35.43%	22.86%	25.40%	31.48%

This table displays calculated financial ratios and metrics derived from Essent Group's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-8.58%	-12.10%	-4.98%	4.64%	12.02%	29.17%	16.52%	20.72%	5.85%	6.07%
EBITDA Growth	-16.03%	-21.56%	-38.99%	-23.70%	-0.44%	17.62%	7.06%	15.12%	-0.27%	-3.40%
EBIT Growth	-14.50%	-20.29%	-38.71%	-24.12%	-0.70%	17.32%	6.18%	14.30%	-0.89%	-3.95%
NOPAT Growth	-13.30%	-18.58%	-37.69%	-25.69%	-0.05%	19.00%	6.38%	18.22%	-1.00%	-4.26%
Net Income Growth	-13.30%	-18.58%	-37.69%	-25.69%	-0.05%	19.00%	6.38%	18.22%	-1.00%	-4.26%
EPS Growth	-9.78%	-15.85%	-36.90%	-25.46%	0.00%	18.84%	6.92%	18.63%	-0.60%	-3.05%
Operating Cash Flow Growth	-3.26%	-9.80%	2.30%	165.08%	13.03%	25.00%	17.40%	12.51%	17.51%	5.22%
Free Cash Flow Firm Growth	59.52%	72.52%	-123.78%	-443.23%	-629.86%	-483.36%	-50.15%	-52.97%	-116.33%	13.02%
Invested Capital Growth	4.99%	4.88%	9.38%	9.85%	10.92%	13.13%	11.41%	12.56%	17.31%	10.37%
Revenue Q/Q Growth	6.54%	-12.95%	11.30%	1.37%	14.05%	0.37%	0.40%	5.03%	0.01%	0.58%
EBITDA Q/Q Growth	-22.87%	-17.78%	15.61%	4.07%	0.64%	-2.87%	5.23%	11.90%	-12.81%	-5.92%
EBIT Q/Q Growth	-23.53%	-17.98%	16.36%	3.98%	0.07%	-3.09%	5.31%	11.92%	-13.23%	-6.08%
NOPAT Q/Q Growth	-23.18%	-17.23%	15.92%	0.82%	3.32%	-1.46%	3.62%	12.05%	-13.47%	-4.70%
Net Income Q/Q Growth	-23.18%	-17.23%	15.92%	0.82%	3.32%	-1.46%	3.62%	12.05%	-13.47%	-4.70%
EPS Q/Q Growth	-23.15%	-16.87%	15.22%	1.26%	3.11%	-1.20%	3.66%	12.35%	-13.61%	-3.64%
Operating Cash Flow Q/Q Growth	172.74%	-0.11%	7.21%	-9.24%	16.30%	10.46%	0.69%	-13.02%	21.47%	-1.09%
Free Cash Flow Firm Q/Q Growth	13.59%	-73.03%	-230.66%	-9.87%	-16.10%	-38.30%	14.89%	-11.94%	-64.19%	44.40%
Invested Capital Q/Q Growth	0.48%	3.57%	3.83%	1.67%	1.45%	5.64%	2.24%	2.72%	5.73%	-0.60%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	83.89%	79.24%	82.31%	84.49%	74.56%	72.15%	75.62%	80.57%	70.25%	65.71%
EBIT Margin	81.97%	77.23%	80.74%	82.81%	72.66%	70.15%	73.58%	78.41%	68.03%	63.53%
Profit (Net Income) Margin	69.20%	65.79%	68.52%	68.15%	61.74%	60.61%	62.55%	66.74%	57.74%	54.71%
Tax Burden Percent	84.42%	85.18%	84.86%	82.29%	84.97%	86.40%	85.02%	85.11%	84.87%	86.12%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	15.58%	14.82%	15.14%	17.71%	15.03%	13.60%	14.98%	14.89%	15.13%	13.88%
Return on Invested Capital (ROIC)	15.27%	13.59%	13.73%	13.61%	12.59%	12.58%	13.08%	14.29%	12.09%	11.37%
ROIC Less NNEP Spread (ROIC-NNEP)	15.27%	13.59%	13.73%	13.61%	12.59%	12.58%	13.08%	14.29%	12.09%	11.37%
Return on Net Nonoperating Assets (RNNOA)	1.34%	1.31%	1.30%	1.27%	1.17%	1.11%	1.12%	1.19%	1.06%	0.97%
Return on Equity (ROE)	16.62%	14.90%	15.03%	14.88%	13.76%	13.68%	14.20%	15.48%	13.15%	12.34%
Cash Return on Invested Capital (CROIC)	13.92%	12.67%	6.04%	4.19%	3.09%	1.06%	2.41%	1.66%	-2.96%	2.69%
Operating Return on Assets (OROA)	14.94%	13.30%	13.63%	14.16%	12.65%	12.47%	13.20%	14.51%	12.25%	11.33%
Return on Assets (ROA)	12.61%	11.33%	11.57%	11.65%	10.75%	10.77%	11.22%	12.35%	10.39%	9.76%
Return on Common Equity (ROCE)	16.62%	14.90%	15.03%	14.88%	13.76%	13.68%	14.20%	15.48%	13.15%	12.34%
Return on Equity Simple (ROE_SIMPLE)	20.14%	0.00%	15.66%	14.12%	13.90%	0.00%	13.53%	13.73%	13.06%	0.00%
Net Operating Profit after Tax (NOPAT)	178	147	171	172	178	175	182	204	176	168
NOPAT Margin	69.20%	65.79%	68.52%	68.15%	61.74%	60.61%	62.55%	66.74%	57.74%	54.71%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	4.57%	0.00%	3.27%	3.35%	3.15%	0.00%
Operating Expenses to Revenue	18.03%	22.77%	19.26%	17.19%	27.34%	29.85%	26.42%	21.59%	31.97%	36.47%
Earnings before Interest and Taxes (EBIT)	211	173	201	209	209	203	214	239	208	195
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	216	177	205	214	215	209	220	246	214	202
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.84	0.90	0.91	1.04	1.03	1.08	1.21	1.11	1.21	1.03
Price to Tangible Book Value (P/TBV)	0.84	0.90	0.91	1.04	1.05	1.10	1.23	1.13	1.23	1.05
Price to Revenue (P/Rev)	3.56	4.08	4.34	5.00	4.89	5.12	5.64	5.11	5.74	4.79
Price to Earnings (P/E)	4.18	4.84	5.80	7.36	7.42	7.93	8.94	8.11	9.27	7.93
Dividend Yield	2.44%	2.30%	2.33%	2.07%	2.11%	1.93%	1.74%	1.89%	1.70%	2.06%
Earnings Yield	23.91%	20.68%	17.25%	13.59%	13.47%	12.61%	11.19%	12.32%	10.79%	12.61%
Enterprise Value to Invested Capital (EV/IC)	0.84	0.89	0.90	1.02	1.01	1.05	1.16	1.07	1.18	1.01
Enterprise Value to Revenue (EV/Rev)	3.90	4.43	4.70	5.36	5.21	5.38	5.87	5.30	6.06	5.09
Enterprise Value to EBITDA (EV/EBITDA)	3.74	4.32	5.20	6.49	6.52	6.89	7.68	6.99	8.12	6.97
Enterprise Value to EBIT (EV/EBIT)	3.84	4.41	5.31	6.64	6.67	7.05	7.88	7.19	8.36	7.18
Enterprise Value to NOPAT (EV/NOPAT)	4.58	5.24	6.28	7.89	7.91	8.33	9.30	8.42	9.79	8.42
Enterprise Value to Operating Cash Flow (EV/OCF)	6.52	7.40	7.71	7.56	7.34	7.61	8.27	7.62	8.49	7.13
Enterprise Value to Free Cash Flow (EV/FCFF)	6.18	7.22	15.60	25.59	34.43	105.34	51.00	68.22	0.00	39.32
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.10	0.09	0.09	0.09	0.09	0.08	0.08	0.08	0.09	0.09
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09
Financial Leverage	0.09	0.10	0.09	0.09	0.09	0.09	0.09	0.08	0.09	0.09
Leverage Ratio	1.32	1.32	1.30	1.28	1.28	1.27	1.27	1.25	1.27	1.26
Compound Leverage Factor	1.32	1.32	1.30	1.28	1.28	1.27	1.27	1.25	1.27	1.26
Debt to Total Capital	8.92%	8.62%	8.31%	8.17%	8.06%	7.64%	7.47%	7.28%	8.05%	8.10%
Short-Term Debt to Total Capital	8.92%	8.62%	8.31%	8.17%	8.06%	7.64%	7.47%	7.28%	8.05%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	8.10%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	91.08%	91.38%	91.69%	91.83%	91.94%	92.36%	92.53%	92.72%	91.95%	91.90%
Debt to EBITDA	0.40	0.42	0.48	0.52	0.52	0.50	0.49	0.48	0.56	0.56
Net Debt to EBITDA	0.32	0.34	0.40	0.44	0.40	0.33	0.30	0.25	0.43	0.41
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.56
Debt to NOPAT	0.49	0.51	0.58	0.63	0.63	0.61	0.60	0.57	0.67	0.68
Net Debt to NOPAT	0.39	0.41	0.48	0.53	0.49	0.40	0.36	0.30	0.52	0.50
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-46	-80	-264	-290	-337	-466	-397	-444	-729	-405
Operating Cash Flow to CapEx	20,018.33%	11,725.24%	47,381.79%	41,206.63%	18,647.04%	9,979.30%	4,837.98%	17,834.69%	45,566.80%	31,443.13%
Free Cash Flow to Firm to Interest Expense	-10.37	-13.21	-38.08	-39.25	-42.89	-58.59	-50.44	-56.55	-63.61	-49.72
Operating Cash Flow to Interest Expense	38.78	28.51	26.64	22.68	24.83	27.09	27.59	24.04	20.01	27.81
Operating Cash Flow Less CapEx to Interest Expense	38.58	28.27	26.59	22.63	24.70	26.82	27.02	23.91	19.96	27.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.18	0.17	0.17	0.17	0.17	0.18	0.18	0.19	0.18	0.18
Fixed Asset Turnover	62.99	62.57	50.08	37.90	33.54	35.47	36.00	31.61	29.05	29.04
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,715	4,883	5,070	5,155	5,230	5,524	5,648	5,802	6,135	6,098
Invested Capital Turnover	0.22	0.21	0.20	0.20	0.20	0.21	0.21	0.21	0.21	0.21
Increase / (Decrease) in Invested Capital	224	227	435	462	515	641	578	647	905	573
Enterprise Value (EV)	3,959	4,360	4,572	5,273	5,286	5,803	6,580	6,219	7,215	6,145
Market Capitalization	3,617	4,020	4,219	4,919	4,961	5,523	6,322	5,994	6,831	5,782
Book Value per Share	$39.87	$41.43	$43.01	$44.13	$44.94	$47.79	$49.44	$50.43	$53.09	$52.76
Tangible Book Value per Share	$39.87	$41.43	$43.01	$44.13	$44.34	$47.11	$48.76	$49.77	$52.43	$52.01
Total Capital	4,715	4,883	5,070	5,155	5,230	5,524	5,648	5,802	6,135	6,098
Total Debt	421	421	421	421	422	422	422	422	494	494
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	494
Net Debt	341	340	352	353	325	280	258	225	384	362
Capital Expenditures (CapEx)	0.86	1.47	0.39	0.41	1.05	2.16	4.48	1.06	0.50	0.72
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	421	421	421	421	422	422	422	422	494	494
Total Depreciation and Amortization (D&A)	4.94	4.49	3.90	4.25	5.48	5.80	5.93	6.60	6.77	6.71
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.67	$1.38	$1.60	$1.62	$1.68	$1.66	$1.72	$1.93	$1.67	$1.60
Adjusted Weighted Average Basic Shares Outstanding	106.87M	107.21M	106.94M	106.25M	105.98M	106.22M	105.70M	105.66M	105.27M	105.39M
Adjusted Diluted Earnings per Share	$1.66	$1.38	$1.59	$1.61	$1.66	$1.64	$1.70	$1.91	$1.65	$1.59
Adjusted Weighted Average Diluted Shares Outstanding	107.34M	107.65M	107.59M	107.09M	107.03M	107.13M	106.77M	106.78M	106.55M	106.55M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	107.71M	108.10M	107.26M	106.99M	106.76M	106.87M	106.67M	106.25M	106.21M	103.84M
Normalized Net Operating Profit after Tax (NOPAT)	178	147	171	172	178	175	182	204	176	168
Normalized NOPAT Margin	69.20%	65.79%	68.52%	68.15%	61.74%	60.61%	62.55%	66.74%	57.74%	54.71%
Pre Tax Income Margin	81.97%	77.23%	80.74%	82.81%	72.66%	70.15%	73.58%	78.41%	68.03%	63.53%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	47.40	28.62	29.02	28.31	26.67	25.52	27.19	30.48	18.12	23.92
NOPAT to Interest Expense	40.01	24.38	24.63	23.29	22.66	22.05	23.11	25.94	15.38	20.60
EBIT Less CapEx to Interest Expense	47.20	28.37	28.97	28.25	26.53	25.25	26.62	30.34	18.07	23.83
NOPAT Less CapEx to Interest Expense	39.82	24.14	24.57	23.24	22.53	21.78	22.54	25.81	15.33	20.51
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	10.21%	11.08%	13.37%	15.17%	15.62%	15.25%	15.42%	15.18%	15.62%	16.18%
Augmented Payout Ratio	29.50%	22.86%	19.38%	22.80%	24.00%	25.40%	24.32%	22.68%	23.76%	31.48%

Financials Breakdown Chart

Key Financial Trends

Essent Group Ltd. (NYSE: ESNT) Financial Summary and Trends Analysis (2022 - 2024)

Essent Group Ltd. has delivered consistent profitability with steady growth in revenues and net income over the last several years, as evidenced by quarterly financial statements from Q3 2022 through Q4 2024. The company primarily generates revenue from premiums earned, capital gains on investments, and service charges, with a cost structure that includes interest expense, insurance claims, acquisition costs, and employee salaries.

Consistent Net Income Growth: Net income attributable to common shareholders increased from $147.4 million in Q4 2022 to $167.9 million in Q4 2024, showing a steady upward trajectory in profitability.
Rising Total Revenue: Total revenue rose from approximately $224.0 million in Q4 2022 to $306.9 million in Q4 2024, driven by increased premiums earned and significant capital gains on investments.
Strong Earnings Per Share (EPS): Basic EPS improved from $1.38 in Q4 2022 to $1.60 in Q4 2024, reflecting not only higher net income but also stable share count.
Robust Operating Cash Flow: The company generated consistently strong net cash from operating activities, peaking above $226 million in Q4 2024, which supports ongoing operations and investments.
Capital Gains Contribution: Net realized and unrealized capital gains on investments were substantial, contributing $63.3 million in Q4 2024 and showing a rising trend, enhancing overall income.
Rising Interest Expense: Long-term debt interest expense increased from about $6.0 million in Q4 2022 to over $8.1 million in Q4 2024, which could pressure net interest income and overall margins.
Fluctuations in Investment Purchases and Sales: Large investment securities purchases and sales occur quarterly, impacting cash flows. For instance, Q3 2024 saw purchases of $1.05 billion and sales of $703 million, indicating active portfolio management.
Stable Total Assets Growth: Total assets rose steadily from around $5.56 billion in Q3 2022 to $7.13 billion in Q3 2024, supporting business expansion but requiring effective capital deployment.
Increasing Non-Interest Expenses: Insurance policy acquisition costs and salaries have steadily increased, with policy acquisition costs rising from $46.9 million in Q4 2022 to over $100 million in Q4 2024, potentially squeezing margins.
Repurchase of Common Equity and Dividend Payments: Essent has been consistently using cash to repurchase stock and pay dividends — over $66 million repurchased and nearly $29 million paid in dividends in Q4 2024 — which reduces available cash and could limit reinvestment capital if not balanced with cash flow.

Summary:

Essent Group Ltd. has demonstrated solid growth in revenue and earnings, supported by strong investment gains and premium revenues. While interest expenses and non-interest costs like acquisition and employee expenses are increasing, the company maintains strong operating cash flows and a growing asset base. The use of cash for share buybacks and dividends indicates management confidence but requires monitoring to ensure sustainable capital allocation. Overall, the financial trends portray Essent as a profitable and growing insurance and mortgage guaranty firm with some cost pressures to watch in the near term.

10/03/25 03:37 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About Essent Group's Financials

When does Essent Group's financial year end?

According to the most recent income statement we have on file, Essent Group's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Essent Group's net income changed over the last 9 years?

Essent Group's net income appears to be on an upward trend, with a most recent value of $729.40 million in 2024, rising from $157.33 million in 2015. The previous period was $696.39 million in 2023. Check out Essent Group's forecast to explore projected trends and price targets.

How has Essent Group's revenue changed over the last 9 years?

Over the last 9 years, Essent Group's total revenue changed from $353.29 million in 2015 to $1.21 billion in 2024, a change of 241.8%.

How much debt does Essent Group have?

Essent Group's total liabilities were at $1.51 billion at the end of 2024, a 13.9% increase from 2023, and a 331.0% increase since 2015.

How much cash does Essent Group have?

In the past 9 years, Essent Group's cash and equivalents has ranged from $24.61 million in 2015 to $141.79 million in 2023, and is currently $131.48 million as of their latest financial filing in 2024.

How has Essent Group's book value per share changed over the last 9 years?

Over the last 9 years, Essent Group's book value per share changed from 12.08 in 2015 to 52.76 in 2024, a change of 336.7%.

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This page (NYSE:ESNT) was last updated on 10/3/2025 by MarketBeat.com Staff

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Essent Group (ESNT) Financials

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Essent Group (ESNT) Financials

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