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Essent Group (ESNT) Financials

Essent Group logo
$57.39 -0.05 (-0.08%)
Closing price 06/5/2026 03:59 PM Eastern
Extended Trading
$57.99 +0.60 (+1.05%)
As of 05:22 AM 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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 157 223 380 467 556 413 682 831 696 729 690
Consolidated Net Income / (Loss)		 157 223 380 467 556 413 682 831 696 729 690
Net Income / (Loss) Continuing Operations		 157 223 380 467 556 413 682 831 696 729 690
Total Pre-Tax Income 		228 312 399 547 659 490 822 988 823 855 822
Total Revenue		 353 458 571 709 858 946 1,020 985 1,080 1,208 1,228
Net Interest Income / (Expense)		 0.00 -0.43 -5.18 -10 -10 -9.07 -8.28 -16 -30 -35 -33
Total Interest Income		 0.00 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 33
Long-Term Debt Interest Expense		 0.00 0.43 5.18 10 10 9.07 8.28 16 30 35 33
Total Non-Interest Income		 353 458 577 719 868 955 1,029 1,001 1,110 1,243 1,261
Other Service Charges		 4.38 5.73 4.14 4.45 3.57 10 10 18 25 25 24
Net Realized & Unrealized Capital Gains on Investments		 22 30 42 65 87 83 146 140 168 227 253
Premiums Earned		 326 423 530 649 777 863 873 843 917 991 984
Total Non-Interest Expense		 125 146 173 162 198 456 198 -2.97 257 352 406
Property & Liability Insurance Claims		 12 16 27 12 33 301 31 -175 32 81 149
Insurance Policy Acquisition Costs		 113 130 146 151 165 155 167 172 225 271 257
Income Tax Expense		 71 89 19 79 103 77 141 157 127 126 132
Basic Earnings per Share		 $1.74 $2.45 $4.07 $4.80 $5.68 $3.89 $6.13 $7.75 $6.56 $6.92 $6.97
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 99.00M
Diluted Earnings per Share		 $1.72 $2.41 $3.99 $4.77 $5.66 $3.88 $6.11 $7.72 $6.50 $6.85 $6.90
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 100.02M
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 94.54M
Cash Dividends to Common per Share		 - - - - $0.30 $0.64 $0.70 $0.86 $1.00 $1.12 $1.24

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 178 175 182 204 176 168 175 195 164 155 172
Consolidated Net Income / (Loss)		 178 175 182 204 176 168 175 195 164 155 172
Net Income / (Loss) Continuing Operations		 178 175 182 204 176 168 175 195 164 155 172
Total Pre-Tax Income 		209 203 214 239 208 195 207 231 199 185 207
Total Revenue		 288 289 290 305 305 307 309 311 304 304 328
Net Interest Income / (Expense)		 -7.85 -7.95 -7.86 -7.85 -11 -8.15 -8.15 -8.15 -8.25 -8.15 -8.15
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 7.85 7.95 7.86 7.85 11 8.15 8.15 8.15 8.25 8.15 8.15
Long-Term Debt Interest Expense		 7.85 7.95 7.86 7.85 11 8.15 8.15 8.15 8.25 8.15 8.15
Total Non-Interest Income		 296 297 298 313 317 315 318 319 312 312 336
Other Service Charges		 5.61 6.40 3.74 6.55 7.41 7.23 6.27 6.71 4.36 6.70 6.69
Net Realized & Unrealized Capital Gains on Investments		 44 45 49 55 60 63 65 64 61 63 69
Premiums Earned		 247 246 246 252 249 244 246 249 246 243 260
Total Non-Interest Expense		 79 86 77 66 98 112 102 80 104 120 121
Property & Liability Insurance Claims		 11 20 9.91 -0.33 31 41 31 17 45 56 48
Insurance Policy Acquisition Costs		 55 80 67 66 67 100 71 63 59 64 73
Income Tax Expense		 31 28 32 36 31 27 32 36 35 30 35
Basic Earnings per Share		 $1.68 $1.66 $1.72 $1.93 $1.67 $1.60 $1.71 $1.95 $1.69 $1.62 $1.83
Weighted Average Basic Shares Outstanding		 105.98M 106.22M 105.70M 105.66M 105.27M 105.39M 102.88M 100.04M 97.40M 99.00M 93.82M
Diluted Earnings per Share		 $1.66 $1.64 $1.70 $1.91 $1.65 $1.59 $1.69 $1.93 $1.67 $1.61 $1.82
Weighted Average Diluted Shares Outstanding		 107.03M 107.13M 106.77M 106.78M 106.55M 106.55M 103.95M 101.06M 98.52M 100.02M 94.57M
Weighted Average Basic & Diluted Shares Outstanding		 106.76M 106.87M 106.67M 106.25M 106.21M 103.84M 101.40M 98.53M 96.67M 94.54M 92.15M
Cash Dividends to Common per Share		 $0.25 - $0.28 $0.28 $0.28 - $0.31 $0.31 $0.31 - $0.35

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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 0.20 2.93 16 21 6.40 31 -21 -0.25 61 -10 -8.43
Net Cash From Operating Activities		 227 275 369 625 590 728 709 589 763 862 856
Net Cash From Continuing Operating Activities		 227 275 369 625 590 728 709 589 763 862 856
Net Income / (Loss) Continuing Operations		 157 223 380 467 556 413 682 831 696 729 690
Consolidated Net Income / (Loss)		 157 223 380 467 556 413 682 831 696 729 690
Depreciation Expense		 3.22 4.06 3.92 3.40 3.77 3.33 3.38 3.02 4.53 5.78 5.23
Amortization Expense		 10 10 12 14 16 23 34 18 15 20 14
Non-Cash Adjustments to Reconcile Net Income		 63 73 -2.76 65 74 56 74 75 31 66 66
Changes in Operating Assets and Liabilities, net		 -7.23 -35 -24 76 -59 232 -83 -339 16 40 81
Net Cash From Investing Activities		 -221 -365 -690 -547 -545 -1,154 -583 -399 -526 -707 -155
Net Cash From Continuing Investing Activities		 -221 -365 -690 -547 -545 -1,154 -583 -399 -526 -707 -155
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 -7.36
Purchase of Investment Securities		 -674 -657 -833 -999 -1,095 -1,592 -1,924 -1,453 -1,243 -1,697 -1,198
Sale and/or Maturity of Investments		 458 295 146 456 553 440 1,344 1,058 721 997 1,051
Net Cash From Financing Activities		 -5.65 94 338 -57 -38 458 -147 -190 -177 -165 -710
Net Cash From Continuing Financing Activities		 -5.65 94 338 -57 -38 458 -147 -190 -177 -165 -710
Issuance of Debt		 0.00 100 200 15 0.00 200 225 0.00 0.00 498 0.00
Repayment of Debt		 0.00 -2.44 -53 -41 -0.02 -106 -131 -0.15 0.00 -433 0.00
Repurchase of Common Equity		 -5.17 -4.02 -7.58 -31 -9.01 -6.35 -164 -98 -71 -112 -588
Payment of Dividends		 - - 0.00 0.00 -29 -69 -78 -92 -106 -118 -122
Cash Interest Paid		 0.00 0.32 4.69 9.45 9.86 8.26 6.95 14 29 17 31
Cash Income Taxes Paid		 16 31 40 29 42 39 56 98 140 93 91

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 29 45 22 33 -88 22 77 -116 -0.71 32 5.21
Net Cash From Operating Activities		 195 215 217 189 229 227 222 190 216 229 192
Net Cash From Continuing Operating Activities		 195 215 217 189 229 227 222 190 216 229 192
Net Income / (Loss) Continuing Operations		 178 175 182 204 176 168 175 195 164 155 172
Consolidated Net Income / (Loss)		 178 175 182 204 176 168 175 195 164 155 172
Depreciation Expense		 1.74 1.34 1.39 1.47 1.49 1.43 1.37 1.34 1.27 1.25 1.23
Amortization Expense		 3.74 4.46 4.54 5.13 5.28 5.28 4.00 3.01 3.50 3.87 3.80
Non-Cash Adjustments to Reconcile Net Income		 23 20 21 21 16 7.11 15 11 9.74 30 -6.56
Changes in Operating Assets and Liabilities, net		 -12 14 8.28 -43 30 45 26 -21 37 39 22
Net Cash From Investing Activities		 -135 -129 -151 -104 -344 -108 56 -104 -64 -42 17
Net Cash From Continuing Investing Activities		 -135 -129 -151 -104 -344 -108 56 -104 -64 -42 17
Purchase of Property, Leasehold Improvements and Equipment		 -1.05 -2.16 -4.48 -1.06 -0.50 -0.72 -0.22 -0.74 -5.26 -1.14 -0.82
Purchase of Investment Securities		 -106 -268 -338 -6.92 -1,046 -410 -362 -289 -224 -324 -263
Sale and/or Maturity of Investments		 -28 141 191 -96 703 303 418 185 165 283 281
Net Cash From Financing Activities		 -32 -41 -43 -52 26 -97 -201 -201 -152 -156 -203
Net Cash From Continuing Financing Activities		 -32 -41 -43 -52 26 -97 -201 -201 -152 -156 -203
Repurchase of Common Equity		 -5.04 -15 -14 -22 -9.65 -66 -169 -171 -122 -126 -171
Payment of Dividends		 -26 -26 -30 -30 -29 -29 -32 -31 -30 -29 -33
Cash Interest Paid		 7.71 7.35 7.61 7.83 1.75 - 16 - 16 - 16
Cash Income Taxes Paid		 19 86 -0.62 51 21 20 4.59 49 37 0.62 5.96

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 2025
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 12/31/2025
Total Assets		 1,469 1,883 2,674 3,150 3,873 5,203 5,722 5,724 6,427 7,112 7,441
Cash and Due from Banks		 25 28 44 65 71 103 81 81 142 131 123
Trading Account Securities		 1,191 1,483 1,993 2,637 3,430 4,654 5,133 5,000 5,541 6,181 6,487
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 0.00
Accrued Investment Income		 7.77 9.49 13 18 19 20 27 33 36 44 47
Premises and Equipment, Net		 9.02 8.12 6.98 7.63 17 15 12 20 41 42 49
Mortgage Servicing Rights		 119 181 252 202 262 303 361 418 471 490 513
Deferred Acquisition Cost		 12 13 15 16 16 17 12 9.91 9.14 9.65 9.55
Intangible Assets		 - - - - - - - 0.00 73 80 78
Other Assets		 106 160 351 205 59 91 96 162 114 135 134
Total Liabilities & Shareholders' Equity		 1,469 1,883 2,674 3,150 3,873 5,203 5,722 5,724 6,427 7,112 7,441
Total Liabilities		 350 539 734 784 889 1,340 1,486 1,261 1,324 1,508 1,684
Long-Term Debt		 - - - - - - - - 0.00 494 495
Claims and Claim Expense		 18 28 47 49 69 375 407 216 260 329 447
Unearned Premiums Liability		 201 220 260 295 279 250 185 163 140 116 92
Other Long-Term Liabilities		 131 191 179 216 316 393 473 461 502 569 650
Commitments & Contingencies		 0.00 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 5,757
Total Preferred & Common Equity		 1,119 1,344 1,940 2,366 2,985 3,863 4,236 4,462 5,103 5,604 5,757
Total Common Equity		 1,119 1,344 1,940 2,366 2,985 3,863 4,236 4,462 5,103 5,604 5,757
Common Stock		 906 920 1,129 1,112 1,120 1,573 1,431 1,352 1,301 1,217 651
Retained Earnings		 214 436 815 1,282 1,809 2,152 2,755 3,493 4,082 4,691 5,257
Accumulated Other Comprehensive Income / (Loss)		 -0.10 -12 -3.25 -29 56 138 51 -383 -280 -304 -152

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 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 5,557 5,928 5,983 6,094 6,565 6,693 7,127 7,205 7,221 7,352 7,570
Cash and Due from Banks		 79 69 68 97 164 197 109 208 92 91 128
Trading Account Securities		 4,848 5,205 5,289 5,270 5,649 5,738 6,245 6,204 6,326 6,460 6,443
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 0.00
Accrued Investment Income		 30 37 36 37 36 36 40 42 46 43 45
Premises and Equipment, Net		 20 19 31 41 44 43 41 43 42 50 48
Mortgage Servicing Rights		 406 418 446 461 467 487 494 487 497 490 513
Deferred Acquisition Cost		 10 9.51 9.46 9.38 8.98 9.20 9.49 9.66 9.24 9.19 57
Intangible Assets		 - - - 64 72 70 70 79 79 79 78
Other Assets		 164 170 103 115 124 112 116 131 128 130 258
Total Liabilities & Shareholders' Equity		 5,557 5,928 5,983 6,094 6,565 6,693 7,127 7,205 7,221 7,352 7,570
Total Liabilities		 1,263 1,279 1,250 1,286 1,339 1,313 1,486 1,545 1,548 1,613 1,873
Long-Term Debt		 - - - - - - - 494 495 495 496
Claims and Claim Expense		 212 216 217 241 267 261 288 357 365 397 486
Unearned Premiums Liability		 169 158 154 148 133 127 121 108 102 97 226
Other Long-Term Liabilities		 460 484 458 475 516 503 583 586 586 624 666
Commitments & Contingencies		 0.00 0.00 0.00 0.00 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 5,659 5,673 5,739 5,697
Total Preferred & Common Equity		 4,294 4,649 4,733 4,808 5,226 5,380 5,641 5,659 5,673 5,739 5,697
Total Common Equity		 4,294 4,649 4,733 4,808 5,226 5,380 5,641 5,659 5,673 5,739 5,697
Common Stock		 1,347 1,336 1,311 1,311 1,295 1,281 1,278 1,057 890 772 488
Retained Earnings		 3,371 3,637 3,782 3,933 4,233 4,407 4,553 4,835 4,999 5,132 5,396
Accumulated Other Comprehensive Income / (Loss)		 -424 -324 -360 -436 -302 -308 -190 -232 -216 -165 -188

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $6.97
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 99.00M
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 $6.90
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 100.02M
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 $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 94.54M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 94,542,845.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 94,542,845.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.82
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.02% 29.17% 16.52% 20.72% 5.85% 6.07% 6.51% 1.93% -0.51% - 5.98%
EBITDA Growth		 -0.44% 17.62% 7.06% 15.12% -0.27% -3.40% -3.33% -4.19% -4.86% - -0.29%
EBIT Growth		 -0.70% 17.32% 6.18% 14.30% -0.89% -3.95% -3.15% -3.37% -4.05% - -0.13%
NOPAT Growth		 -0.05% 19.00% 6.38% 18.22% -1.00% -4.26% -3.46% -4.06% -6.79% - -2.07%
Net Income Growth		 -0.05% 19.00% 6.38% 18.22% -1.00% -4.26% -3.46% -4.06% -6.79% - -2.07%
EPS Growth		 0.00% 18.84% 6.92% 18.63% -0.60% -3.05% -0.59% 1.05% 1.21% - 7.69%
Operating Cash Flow Growth		 13.03% 25.00% 17.40% 12.51% 17.51% 5.22% 2.14% 0.45% -5.82% - -13.32%
Free Cash Flow Firm Growth		 -629.86% -483.36% -50.15% -52.97% -116.33% 13.02% 16.83% 61.72% 108.91% - 140.40%
Invested Capital Growth		 10.92% 13.13% 11.41% 12.56% 17.31% 10.37% 8.95% 6.29% 1.62% - 0.63%
Revenue Q/Q Growth		 14.05% 0.37% 0.40% 5.03% 0.01% 0.58% 0.83% 0.51% -2.38% - 7.78%
EBITDA Q/Q Growth		 0.64% -2.87% 5.23% 11.90% -12.81% -5.92% 5.31% 10.90% -13.42% - 11.66%
EBIT Q/Q Growth		 0.07% -3.09% 5.31% 11.92% -13.23% -6.08% 6.18% 11.68% -13.85% - 12.03%
NOPAT Q/Q Growth		 3.32% -1.46% 3.62% 12.05% -13.47% -4.70% 4.49% 11.35% -15.93% - 10.85%
Net Income Q/Q Growth		 3.32% -1.46% 3.62% 12.05% -13.47% -4.70% 4.49% 11.35% -15.93% - 10.85%
EPS Q/Q Growth		 3.11% -1.20% 3.66% 12.35% -13.61% -3.64% 6.29% 14.20% -13.47% - 13.04%
Operating Cash Flow Q/Q Growth		 16.30% 10.46% 0.69% -13.02% 21.47% -1.09% -2.27% -14.46% 13.89% - -16.17%
Free Cash Flow Firm Q/Q Growth		 -16.10% -38.30% 14.89% -11.94% -64.19% 44.40% 18.61% 48.49% 138.22% - 23,238.00%
Invested Capital Q/Q Growth		 1.45% 5.64% 2.24% 2.72% 5.73% -0.60% 0.92% 0.23% 1.08% - -0.96%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 74.56% 72.15% 75.62% 80.57% 70.25% 65.71% 68.64% 75.73% 67.17% - 64.58%
EBIT Margin		 72.66% 70.15% 73.58% 78.41% 68.03% 63.53% 66.90% 74.33% 65.60% - 63.04%
Profit (Net Income) Margin		 61.74% 60.61% 62.55% 66.74% 57.74% 54.71% 56.70% 62.81% 54.09% - 52.39%
Tax Burden Percent		 84.97% 86.40% 85.02% 85.11% 84.87% 86.12% 84.75% 84.50% 82.45% - 83.11%
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		 15.03% 13.60% 14.98% 14.89% 15.13% 13.88% 15.25% 15.50% 17.55% - 16.89%
Return on Invested Capital (ROIC)		 12.59% 12.58% 13.08% 14.29% 12.09% 11.37% 11.78% 12.93% 10.77% - 10.58%
ROIC Less NNEP Spread (ROIC-NNEP)		 12.59% 12.58% 13.08% 14.29% 12.09% 11.37% 11.78% 12.93% 10.77% - 10.58%
Return on Net Nonoperating Assets (RNNOA)		 1.17% 1.11% 1.12% 1.19% 1.06% 0.97% 0.99% 1.07% 0.94% - 0.92%
Return on Equity (ROE)		 13.76% 13.68% 14.20% 15.48% 13.15% 12.34% 12.78% 14.01% 11.70% - 11.50%
Cash Return on Invested Capital (CROIC)		 3.09% 1.06% 2.41% 1.66% -2.96% 2.69% 3.69% 5.84% 9.76% - 10.49%
Operating Return on Assets (OROA)		 12.65% 12.47% 13.20% 14.51% 12.25% 11.33% 11.92% 13.17% 11.15% - 10.64%
Return on Assets (ROA)		 10.75% 10.77% 11.22% 12.35% 10.39% 9.76% 10.10% 11.13% 9.20% - 8.84%
Return on Common Equity (ROCE)		 13.76% 13.68% 14.20% 15.48% 13.15% 12.34% 12.78% 14.01% 11.70% - 11.50%
Return on Equity Simple (ROE_SIMPLE)		 13.90% 0.00% 13.53% 13.73% 13.06% 0.00% 12.78% 12.60% 12.25% - 12.05%
Net Operating Profit after Tax (NOPAT)		 178 175 182 204 176 168 175 195 164 - 172
NOPAT Margin		 61.74% 60.61% 62.55% 66.74% 57.74% 54.71% 56.70% 62.81% 54.09% - 52.39%
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		 4.57% 0.00% 3.27% 3.35% 3.15% 0.00% 0.00% 0.00% 0.00% - 0.00%
Operating Expenses to Revenue		 27.34% 29.85% 26.42% 21.59% 31.97% 36.47% 33.10% 25.67% 34.40% - 36.96%
Earnings before Interest and Taxes (EBIT)		 209 203 214 239 208 195 207 231 199 - 207
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 215 209 220 246 214 202 212 236 204 - 212
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.03 1.08 1.21 1.11 1.21 1.03 1.06 1.09 1.09 - 0.97
Price to Tangible Book Value (P/TBV)		 1.05 1.10 1.23 1.13 1.23 1.05 1.07 1.10 1.11 - 0.98
Price to Revenue (P/Rev)		 4.89 5.12 5.64 5.11 5.74 4.79 4.89 5.00 5.09 - 4.43
Price to Earnings (P/E)		 7.42 7.93 8.94 8.11 9.27 7.93 8.29 8.61 8.91 - 8.05
Dividend Yield		 2.11% 1.93% 1.74% 1.89% 1.70% 2.06% 1.99% 1.94% 1.90% - 2.19%
Earnings Yield		 13.47% 12.61% 11.19% 12.32% 10.79% 12.61% 12.07% 11.61% 11.22% - 12.42%
Enterprise Value to Invested Capital (EV/IC)		 1.01 1.05 1.16 1.07 1.18 1.01 1.02 1.06 1.07 - 0.95
Enterprise Value to Revenue (EV/Rev)		 5.21 5.38 5.87 5.30 6.06 5.09 5.12 5.32 5.42 - 4.73
Enterprise Value to EBITDA (EV/EBITDA)		 6.52 6.89 7.68 6.99 8.12 6.97 7.18 7.59 7.81 - 7.01
Enterprise Value to EBIT (EV/EBIT)		 6.67 7.05 7.88 7.19 8.36 7.18 7.40 7.80 8.01 - 7.17
Enterprise Value to NOPAT (EV/NOPAT)		 7.91 8.33 9.30 8.42 9.79 8.42 8.68 9.18 9.48 - 8.59
Enterprise Value to Operating Cash Flow (EV/OCF)		 7.34 7.61 8.27 7.62 8.49 7.13 7.25 7.57 7.81 - 7.13
Enterprise Value to Free Cash Flow (EV/FCFF)		 34.43 105.34 51.00 68.22 0.00 39.32 28.82 18.77 11.04 - 9.10
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.09 0.08 0.08 0.08 0.09 0.09 0.09 0.09 0.09 - 0.09
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.09 0.09 0.09 0.09 - 0.09
Financial Leverage		 0.09 0.09 0.09 0.08 0.09 0.09 0.08 0.08 0.09 - 0.09
Leverage Ratio		 1.28 1.27 1.27 1.25 1.27 1.26 1.27 1.26 1.27 - 1.30
Compound Leverage Factor		 1.28 1.27 1.27 1.25 1.27 1.26 1.27 1.26 1.27 - 1.30
Debt to Total Capital		 8.06% 7.64% 7.47% 7.28% 8.05% 8.10% 8.03% 8.02% 7.94% - 8.00%
Short-Term Debt to Total Capital		 8.06% 7.64% 7.47% 7.28% 8.05% 0.00% 0.00% 0.00% 0.00% - 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 8.10% 8.03% 8.02% 7.94% - 8.00%
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		 91.94% 92.36% 92.53% 92.72% 91.95% 91.90% 91.97% 91.98% 92.06% - 92.00%
Debt to EBITDA		 0.52 0.50 0.49 0.48 0.56 0.56 0.57 0.57 0.58 - 0.59
Net Debt to EBITDA		 0.40 0.33 0.30 0.25 0.43 0.41 0.33 0.47 0.47 - 0.44
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.56 0.57 0.57 0.58 - 0.59
Debt to NOPAT		 0.63 0.61 0.60 0.57 0.67 0.68 0.68 0.69 0.70 - 0.72
Net Debt to NOPAT		 0.49 0.40 0.36 0.30 0.52 0.50 0.40 0.56 0.57 - 0.54
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.68 0.68 0.69 0.70 - 0.72
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)		 -337 -466 -397 -444 -729 -405 -330 -170 65 - 133
Operating Cash Flow to CapEx		 18,647.04% 9,979.30% 4,837.98% 17,834.69% 45,566.80% 31,443.13% 100,256.56% 25,544.07% 4,102.97% - 23,477.26%
Free Cash Flow to Firm to Interest Expense		 -42.89 -58.59 -50.44 -56.55 -63.61 -49.72 -40.48 -20.85 7.87 - 16.35
Operating Cash Flow to Interest Expense		 24.83 27.09 27.59 24.04 20.01 27.81 27.19 23.26 26.16 - 23.57
Operating Cash Flow Less CapEx to Interest Expense		 24.70 26.82 27.02 23.91 19.96 27.72 27.17 23.17 25.52 - 23.47
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.17 0.18 0.18 0.19 0.18 0.18 0.18 0.18 0.17 - 0.17
Fixed Asset Turnover		 33.54 35.47 36.00 31.61 29.05 29.04 28.21 28.88 27.00 - 27.25
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 5,230 5,524 5,648 5,802 6,135 6,098 6,154 6,167 6,234 - 6,192
Invested Capital Turnover		 0.20 0.21 0.21 0.21 0.21 0.21 0.21 0.21 0.20 - 0.20
Increase / (Decrease) in Invested Capital		 515 641 578 647 905 573 505 365 99 - 39
Enterprise Value (EV)		 5,286 5,803 6,580 6,219 7,215 6,145 6,280 6,561 6,666 - 5,892
Market Capitalization		 4,961 5,523 6,322 5,994 6,831 5,782 5,993 6,158 6,263 - 5,525
Book Value per Share		 $44.94 $47.79 $49.44 $50.43 $53.09 $52.76 $54.50 $55.94 $58.24 - $60.25
Tangible Book Value per Share		 $44.34 $47.11 $48.76 $49.77 $52.43 $52.01 $53.74 $55.17 $57.45 - $59.43
Total Capital		 5,230 5,524 5,648 5,802 6,135 6,098 6,154 6,167 6,234 - 6,192
Total Debt		 422 422 422 422 494 494 494 495 495 - 496
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 494 494 495 495 - 496
Net Debt		 325 280 258 225 384 362 286 403 404 - 367
Capital Expenditures (CapEx)		 1.05 2.16 4.48 1.06 0.50 0.72 0.22 0.74 5.26 - 0.82
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)		 422 422 422 422 494 494 494 495 495 - 496
Total Depreciation and Amortization (D&A)		 5.48 5.80 5.93 6.60 6.77 6.71 5.37 4.35 4.77 - 5.04
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.68 $1.66 $1.72 $1.93 $1.67 $1.60 $1.71 $1.95 $1.69 $1.62 $1.83
Adjusted Weighted Average Basic Shares Outstanding		 105.98M 106.22M 105.70M 105.66M 105.27M 105.39M 102.88M 100.04M 97.40M 99.00M 93.82M
Adjusted Diluted Earnings per Share		 $1.66 $1.64 $1.70 $1.91 $1.65 $1.59 $1.69 $1.93 $1.67 $1.61 $1.82
Adjusted Weighted Average Diluted Shares Outstanding		 107.03M 107.13M 106.77M 106.78M 106.55M 106.55M 103.95M 101.06M 98.52M 100.02M 94.57M
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 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 106.76M 106.87M 106.67M 106.25M 106.21M 103.84M 101.40M 98.53M 96.67M 94.54M 92.15M
Normalized Net Operating Profit after Tax (NOPAT)		 178 175 182 204 176 168 175 195 164 - 172
Normalized NOPAT Margin		 61.74% 60.61% 62.55% 66.74% 57.74% 54.71% 56.70% 62.81% 54.09% - 52.39%
Pre Tax Income Margin		 72.66% 70.15% 73.58% 78.41% 68.03% 63.53% 66.90% 74.33% 65.60% - 63.04%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 26.67 25.52 27.19 30.48 18.12 23.92 25.40 28.37 24.14 - 25.37
NOPAT to Interest Expense		 22.66 22.05 23.11 25.94 15.38 20.60 21.53 23.97 19.90 - 21.08
EBIT Less CapEx to Interest Expense		 26.53 25.25 26.62 30.34 18.07 23.83 25.38 28.28 23.50 - 25.27
NOPAT Less CapEx to Interest Expense		 22.53 21.78 22.54 25.81 15.33 20.51 21.50 23.88 19.26 - 20.98
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 15.62% 15.25% 15.42% 15.18% 15.62% 16.18% 16.61% 16.98% 17.35% - 17.91%
Augmented Payout Ratio		 24.00% 25.40% 24.32% 22.68% 23.76% 31.48% 53.51% 75.08% 92.45% - 103.83%

Financials Breakdown Chart

Key Financial Trends

Essent Group (NYSE: ESNT) showed solid profitability in Q1 2026, but the balance sheet and cash flow trends suggest a business that is still highly dependent on strong investment income and capital management. Over the last several years, the company has generally produced consistent quarterly earnings and operating cash flow, while continuing to return substantial capital to shareholders through buybacks and dividends. The main watchouts are a very large investment portfolio relative to cash, recurring debt on the balance sheet, and some volatility in underwriting-related expenses and claims.

  • Q1 2026 net income remained strong at $171.8 million, up from $155.0 million in Q4 2025 and slightly below the $175.4 million posted in Q1 2025.
  • Operating cash flow was robust at $192.0 million in Q1 2026, supporting earnings quality and showing the business continues to convert profit into cash.
  • Revenue growth has been steady year over year, with Q1 2026 total revenue of $327.9 million versus $309.4 million in Q1 2025.
  • Shareholder returns remain a priority, with $170.9 million in share repurchases and $32.6 million in dividends in Q1 2026.
  • Book equity increased meaningfully over the multi-year period, with total common equity rising to $5.70 billion in Q1 2026 from $4.65 billion in Q1 2023.
  • Premiums earned have generally trended higher over time, reaching $260.1 million in Q1 2026 versus $211.3 million in Q1 2023.
  • Basic EPS improved to $1.83 in Q1 2026, compared with $1.71 in Q1 2025 and $1.60 in Q1 2023.
  • The investment portfolio remains the dominant asset base, with trading account securities at $6.44 billion in Q1 2026, which means earnings can be influenced by capital gains and market conditions.
  • Cash moved only modestly in Q1 2026, rising by just $5.2 million because buybacks and dividends largely offset operating cash generation.
  • Long-term debt stayed relatively stable at about $495.6 million in Q1 2026, indicating limited balance sheet leverage changes, but also a persistent fixed obligation.
  • Claims and claim expense jumped sharply in Q1 2026 to $485.7 million, up from $356.7 million in Q1 2025 and $397.1 million in Q3 2025, which could pressure margins if the trend continues.
  • Policy acquisition costs remain a large expense item, and combined with claims, they can quickly absorb a large share of revenue.
  • Net change in cash was weak in some recent quarters, including a decline of $115.9 million in Q2 2025 and only a $5.2 million increase in Q1 2026, reflecting heavy capital returns and investment activity.
  • Interest expense continues to run around $8.1 million per quarter, while net interest income is negative, so Essent is not generating operating earnings from its debt financing structure.

Overall, Essent Group still looks financially healthy based on its strong earnings, operating cash flow, and large equity base. That said, the company’s results are tied closely to investment portfolio performance, underwriting losses/claims, and ongoing capital deployment. For retail investors, the key question is whether Essent can keep producing stable underwriting results while maintaining buybacks and dividends without eroding liquidity or book value.

06/08/26 07:16 AM ETAI Generated. May Contain Errors.

Essent Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Essent Group's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Essent Group's net income appears to be on an upward trend, with a most recent value of $689.97 million in 2025, rising from $157.33 million in 2015. The previous period was $729.40 million in 2024. View Essent Group's forecast to see where analysts expect Essent Group to go next.

Over the last 10 years, Essent Group's total revenue changed from $353.29 million in 2015 to $1.23 billion in 2025, a change of 247.7%.

Essent Group's total liabilities were at $1.68 billion at the end of 2025, a 11.7% increase from 2024, and a 381.4% increase since 2015.

In the past 10 years, Essent Group's cash and equivalents has ranged from $24.61 million in 2015 to $141.79 million in 2023, and is currently $123.05 million as of their latest financial filing in 2025.


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Financial statements for NYSE:ESNT last updated on 5/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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