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Essent Group (ESNT) Financials

Essent Group logo
$63.90 +1.84 (+2.96%)
Closing price 03:59 PM Eastern
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$63.90 -0.01 (-0.01%)
As of 05:12 PM Eastern
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Annual Income Statements for Essent Group

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

Quarterly Income Statements for Essent Group

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

Annual Cash Flow Statements for Essent Group

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

Quarterly Cash Flow Statements for Essent Group

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

Annual Balance Sheets for Essent Group

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

Quarterly Balance Sheets for Essent Group

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

Annual Metrics And Ratios for Essent Group

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%

Quarterly Metrics And Ratios for Essent Group

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%

Key Financial Trends

Essent Group Ltd. (NYSE: ESNT) has shown generally positive financial performance over the last several quarters and years, with steady growth in revenue and net income, alongside strong operating cash flows. Here are key trends and insights from the available financial data spanning Q3 2022 through Q4 2024:

  • Consistent Net Income Growth: Net income attributable to common shareholders has increased from approximately $170.8 million in Q1 2023 to $167.9 million in Q4 2024, showing solid profitability across quarters with some fluctuation but generally positive trends.
  • Strong Total Revenue Growth: Total revenue rose from $223.99 million in Q4 2022 to nearly $306.88 million in Q4 2024, driven mainly by higher premiums earned and capital gains on investments.
  • Robust Operating Cash Flow: Cash flow from operating activities consistently remains strong, with Q4 2024 generating $226.7 million, supporting operational stability and potential for investment.
  • Capital Gains Contribution: Net realized and unrealized capital gains on investments have contributed significantly to income, increasing from about $24.7 million in Q4 2022 to over $63.3 million in Q4 2024.
  • Shareholder Returns Maintained: Essent continues returning value to shareholders with steady dividends, $0.28 per share in 2024 quarters, and ongoing share repurchases, which totaled millions of dollars each quarter, showing commitment to capital management.
  • Interest Expense Increasing Moderately: The cost of long-term debt interest expense has risen from about $6 million in Q4 2022 to around $8.15 million in Q4 2024. This translates to higher financing costs but is still manageable relative to net income.
  • Equity Growth Over Time: Total common equity has grown from approximately $4.3 billion at Q3 2022 to $5.6 billion at Q3 2024, reflecting reinvested earnings and retained profits.
  • Rising Insurance Policy Acquisition Costs and Claims: These expenses increased notably, with acquisition costs around $100.3 million in Q4 2024 and property & liability insurance claims at about $41 million. Higher acquisition costs could pressure margins if not offset by premium growth.
  • Investment Securities Purchase Exceeds Sales: Investing activities show net cash outflows due to purchases of investment securities significantly exceeding sales, resulting in negative net investing cash flows (e.g., -$107.9 million in Q4 2024), potentially impacting liquidity if not managed carefully.
  • Fluctuating Changes in Operating Assets and Liabilities: Operating capital variation showed swings (e.g., a $44.9 million increase in operating capital in Q4 2024, but negative changes in earlier periods), which can introduce some volatility in cash flow from operations.

Summary: Essent Group maintains a strong financial position with growing revenues and net income, supported by robust operating cash flow and shareholder-friendly capital return measures. Investors should monitor rising insurance-related expenses and interest costs, along with cash flow changes from investing activities, to gauge future profitability and liquidity trends.

08/22/25 10:17 PMAI 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. See where experts think Essent Group is headed by visiting Essent Group's forecast page.

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 8/22/2025 by MarketBeat.com Staff
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