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Essent Group (NYSE: ESNT) earns $189.7M Q2 profit and declares $0.35 dividend

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Essent Group Ltd. reported second-quarter 2026 net income of $189.7 million, or $2.08 per diluted share, compared with $195.3 million, or $1.93 per diluted share a year earlier. Net premiums earned were $276.8 million versus $248.8 million, driving total revenues of $362.7 million versus $319.1 million, while the provision for losses and LAE increased to $49.0 million from $17.1 million.

Mortgage new insurance written reached $14.1 billion in the quarter, up from $12.5 billion in second-quarter 2025, and mortgage insurance in force was $249.7 billion as of June 30, 2026. Reinsurance net premiums written for the first half of 2026 were $248.8 million compared with $30.6 million in the prior-year period. Annualized return on average equity for the quarter was 13.4%.

As of June 30, 2026, book value per share was $63.01, and 12‑month growth in book value per share inclusive of common dividends was 12.9%. Year-to-date through July 31, Essent repurchased 5.8 million common shares for $348 million. The board declared a quarterly cash dividend of $0.35 per common share, payable September 10, 2026, to shareholders of record on August 31, 2026.

Positive

  • Reinsurance net premiums written surged to $248.8 million in the first half of 2026 compared with $30.6 million in the first half of 2025, materially expanding the reinsurance revenue base.
  • Significant capital return with year-to-date repurchases of 5.8 million shares for $348 million plus a declared quarterly dividend of $0.35 per share.
  • Book value per share inclusive of common dividends grew 12.9% over 12 months to $64.33, indicating strong per-share capital generation.

Negative

  • Provision for losses and LAE rose to $48.961 million in second-quarter 2026 from $17.055 million a year earlier, contributing to higher total losses and expenses.

Filing Explained

The filing adds a lower reported share count and shows available assets above PMIERs minimum required assets at June 30.

This August 7 Form 8-K furnishes Essent Group’s unaudited second-quarter results and dividend announcement; the disclosure states that the report and exhibit are furnished rather than filed under Exchange Act Section 18.

A Form 8-K reports specified material events, and this one records a reporting event rather than a new financing or completed ownership change. Separately, the company reports 89,876 thousand common shares issued and outstanding at June 30, 2026, versus 95,456 thousand at December 31, 2025; the lower outstanding count is the relevant share-count change for existing holders.

At June 30, 2026, Essent Guaranty reported available assets of $3,599,092 thousand against PMIERs minimum required assets of $2,092,922 thousand, a reported sufficiency ratio of 172%; these are insurance-subsidiary capital measures, not proceeds from the results disclosure.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Net income Q2 2026 $189.7 million Quarter ended June 30, 2026, compared with $195.3 million in Q2 2025
Diluted EPS Q2 2026 $2.08 per diluted share Quarter ended June 30, 2026, versus $1.93 per diluted share in Q2 2025
Mortgage new insurance written Q2 2026 $14.1 billion Second quarter 2026, versus $12.5 billion in second quarter 2025
Mortgage insurance in force $249.7 billion Insurance in force as of June 30, 2026
Reinsurance net premiums written 1H 2026 $248.8 million First half of 2026, compared with $30.6 million in first half of 2025
Share repurchases year-to-date 5.8 million shares for $348 million Repurchases through July 31, 2026
Quarterly dividend $0.35 per common share Payable September 10, 2026 to shareholders of record on August 31, 2026
12-month growth in BVPS inclusive of dividends 12.9 % Growth in Book Value Per Share Inclusive of Common Dividends to June 30, 2026
new insurance written financial
"Mortgage new insurance written for the second quarter of 2026 was $14.1 billion"
New insurance written is the total dollar value of insurance policies a company issues for the first time during a reporting period, measured by the premiums those new policies will bring in. Investors watch it like a subscription count for an insurer: rising new business signals sales momentum and potential future revenue, while trends can also flag changes in pricing, customer demand or near‑term claims risk.
mortgage insurance in force financial
"Mortgage insurance in force as of June 30, 2026 was $249.7 billion"
PMIERs sufficiency ratio regulatory
"PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets"
insurance-linked notes financial
"Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes"
quota share reinsurance financial
"Quota Share Reinsurance (2) Jan. 2022 - Dec. 2022 20% ceding percentage"
A quota share reinsurance agreement is a contract where an insurance company hands a fixed percentage of every policy it sells to another insurer, sharing both premiums and claims in that set proportion. Investors should care because it smooths an insurer’s profits and limits losses—like splitting every slice of a cake with a partner—affecting revenue stability, capital needs, and the company's risk exposure.
loss ratio financial
"Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned"
Loss ratio is the percentage of an insurer’s collected premiums that is paid out to cover claims and related costs, showing how much of customer payments are used to settle losses. Investors treat it like a fuel-efficiency gauge for an insurance business—lower loss ratios suggest pricing and risk selection leave more room for profit, while consistently high ratios signal weak pricing, rising claims, or not enough money set aside, which can hurt returns.
Net income (Q2 2026) $189.7 million Compared to $195.3 million in Q2 2025
Diluted EPS (Q2 2026) $2.08 Compared to $1.93 in Q2 2025
Net premiums earned (Q2 2026) $276.764 million equivalent Table shows 276,764 (in thousands) versus 248,809 (in thousands) in Q2 2025
Total revenues (Q2 2026) $362.686 million equivalent Table shows 362,686 (in thousands) versus 319,143 (in thousands) in Q2 2025

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FAQ

What were Essent Group (ESNT) net income and EPS for Q2 2026?
Essent reported Q2 2026 net income of $189.7 million, or $2.08 per diluted share. This compares with $195.3 million, or $1.93 per diluted share, for the quarter ended June 30, 2025.

How did Essent Group (ESNT) mortgage insurance volumes perform in Q2 2026?
Mortgage new insurance written in Q2 2026 was $14.1 billion, up from $12.5 billion a year earlier. Mortgage insurance in force reached $249.7 billion as of June 30, 2026, slightly higher than $246.8 billion at June 30, 2025.

What reinsurance growth did Essent Group (ESNT) report for 2026 year-to-date?
For the first half of 2026, Essent generated reinsurance net premiums written of $248.8 million, compared with $30.6 million in the first half of 2025. This reflects substantial expansion of its reinsurance activities across mortgage and non-mortgage business.

What dividend did Essent Group (ESNT) declare with its Q2 2026 results?
Essent’s board declared a quarterly cash dividend of $0.35 per common share. The dividend is payable on September 10, 2026 to shareholders of record as of August 31, 2026.

How much stock has Essent Group (ESNT) repurchased in 2026?
Year-to-date through July 31, 2026, Essent repurchased 5.8 million common shares for $348 million. These buybacks reduce shares outstanding and are in addition to regular common dividends paid to shareholders.

What is Essent Group (ESNT) book value per share and its growth?
Book value per share was $63.01 at June 30, 2026, versus $56.98 a year earlier, a 10.6% increase. Book value per share inclusive of common dividends was $64.33, reflecting 12.9% growth over 12 months.

How strong is Essent Group (ESNT) capital under PMIERs at June 30, 2026?
Essent Guaranty, Inc. reported PMIERs Available Assets of $3.60 billion versus Minimum Required Assets of $2.09 billion, yielding excess Available Assets of $1.51 billion and a PMIERs sufficiency ratio of 172%.
0001448893false00014488932026-08-072026-08-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K 
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of Earliest Event Reported): August 7, 2026
ESSENT GROUP LTD.
(Exact name of registrant as specified in its charter) 
Bermuda001-36157Not Applicable
(State of Incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
Clarendon House
2 Church Street
Hamilton HM11, Bermuda
(Address of Principal Executive Offices and Zip Code)

(441) 297‑9901
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company        ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition
period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol(s)		Name of each exchange on which registered
Common Shares, $0.015 par valueESNTNew York Stock Exchange



Item 2.02.    Results of Operations and Financial Condition
On August 7, 2026, Essent Group Ltd. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of this press release is furnished as Exhibit 99.1 to this report.
The information in this report, including Exhibit 99.1, has been “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liability under that section. The information in this report shall not be incorporated by reference into any filing or other document under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.

Item 9.01.             Financial Statements and Exhibits
(d)Exhibits
Exhibit
 No.		  Description
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
99.1
Press Release issued by Essent Group Ltd. on August 7, 2026.


SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: August 7, 2026

ESSENT GROUP LTD.


By:    /s/ David B. Weinstock
Name: David B. Weinstock
Title: Senior Vice President and Chief Financial Officer


Exhibit 99.1

Essent Group Ltd. Announces Second Quarter 2026 Results and Declares Quarterly Dividend
HAMILTON, Bermuda, August 7, 2026--Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended June 30, 2026 of $189.7 million or $2.08 per diluted share, compared to $195.3 million or $1.93 per diluted share for the quarter ended June 30, 2025.
Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share. The dividend is payable on September 10, 2026 to shareholders of record on August 31, 2026.
“We are pleased with our second quarter 2026 financial results, which reflect strong profitability, continued growth in book value per share and the resilience of our operating model,” said Mark A. Casale, Chairman and Chief Executive Officer. “The consistent cash flow generation of our mortgage insurance business, combined with our strong capital position, allows us to take a balanced approach to capital management and to continue creating long-term value for our shareholders.”
Financial Highlights:
•Mortgage new insurance written for the second quarter of 2026 was $14.1 billion, compared to $11.1 billion in the first quarter of 2026 and $12.5 billion in the second quarter of 2025.

•Mortgage insurance in force as of June 30, 2026 was $249.7 billion, compared to $247.9 billion as of March 31, 2026 and $246.8 billion as of June 30, 2025.

•Reinsurance net premiums written for the first half of 2026 were $248.8 million, compared to $30.6 million in the first half of 2025.

•Net investment income for the first half of 2026 was $120.9 million, compared to $117.5 million in the first half of 2025.

•Year-to-date through July 31, 2026, Essent repurchased 5.8 million common shares for $348 million.

Conference Call:
Essent management will hold a conference call at 10:00 AM Eastern time today to discuss its results. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent.

A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year. A replay of the conference call will be available approximately two hours after the call ends for a period of two weeks, using the following dial-in numbers and passcode: 800-770-2030 inside the U.S., or 647-362-9199 for international callers, passcode 9824537.
In addition to the information provided in the Company's earnings news release, other statistical and financial information, which may be referred to during the conference call, will be available on Essent's website at http://ir.essentgroup.com/financials/quarterly-results/default.aspx.
Forward-Looking Statements:
This press release may include “forward-looking statements” which are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," “should,” “expect,” "plan," "anticipate," "believe," “estimate,” “predict,” or "potential" or the negative thereof or variations thereon or similar terminology. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, the following: changes in or to Fannie Mae and Freddie Mac (the “GSEs”), whether through Federal legislation, restructurings or a shift in business practices; failure to continue to meet the mortgage insurer eligibility requirements of the GSEs; competition for customers or the loss of a significant customer; lenders or investors seeking alternatives to private mortgage insurance; an increase in the number of loans insured through Federal government mortgage insurance programs; decline in the volume of low down payment mortgage originations; uncertainty of loss reserve estimates; decrease in the length of time our insurance policies are in force; deteriorating economic conditions; and other risks and factors described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the Securities and Exchange Commission on February 18, 2026, as subsequently updated through other reports we file with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

About the Company:
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, “Essent”) offering private mortgage insurance, reinsurance, and title insurance and settlement services to serve the housing finance industry. Additional information regarding Essent may be found at www.essentgroup.com.





Source: Essent Group Ltd.
Media Contact
610.230.0556
media@essentgroup.com

Investor Relations Contact
Philip Stefano
Vice President, Investor Relations
855-809-ESNT
ir@essentgroup.com


Essent Group Ltd. and Subsidiaries
Financial Results and Supplemental Information (Unaudited)
Quarter Ended June 30, 2026
Exhibit ACondensed Consolidated Statements of Comprehensive Income (Unaudited)
Exhibit BCondensed Consolidated Balance Sheets (Unaudited)
Exhibit CConsolidated Historical Quarterly Data (Unaudited)
Exhibit DYear to Date Segment Results (Unaudited)
Exhibit EHistorical Quarterly Segment Information (Unaudited)
Exhibit FMortgage Insurance - Historical Quarterly Data
Exhibit GMortgage Insurance - New Insurance Written
Exhibit HMortgage Insurance - Insurance in Force and Risk in Force
Exhibit IMortgage Insurance - Vintage Data
Exhibit JMortgage Insurance - Outward Reinsurance Vintage Data
Exhibit KMortgage Insurance - Geographic Data
Exhibit LMortgage Insurance - Rollforward of Defaults and Reserve for Losses and LAE
Exhibit MMortgage Insurance - Detail of Reserves by Default Delinquency
Exhibit NU.S. Mortgage Insurance Company Capital
Exhibit OReinsurance
Exhibit PCash & Investments
Exhibit QBook Value Per Share Inclusive of Common Dividends & Reconciliation of Non-GAAP Financial Measures



Exhibit A
Essent Group Ltd. and Subsidiaries
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
Three Months Ended June 30,Six Months Ended June 30,
(In thousands, except per share amounts)2026202520262025
Revenues:
Gross premiums written$342,398 $274,872 $773,630 $547,266 
Ceded premiums(35,113)(33,384)(71,676)(67,507)
Net premiums written307,285 241,488 701,954 479,759 
(Increase) decrease in unearned premiums(30,521)7,321 (165,097)14,898 
Net premiums earned276,764 248,809 536,857 494,657 
Net investment income61,612 59,289 120,867 117,499 
Realized investment gains (losses), net(111)(129)(258)(310)
Income from other invested assets19,385 4,466 29,564 11,874 
Other income5,036 6,708 11,728 12,981 
Total revenues362,686 319,143 698,758 636,701 
Losses and expenses:
Provision for losses and LAE48,961 17,055 97,177 48,342 
Other underwriting and operating expenses75,258 62,765 148,241 133,889 
Interest expense8,148 8,148 16,296 16,296 
Total losses and expenses132,367 87,968 261,714 198,527 
Income before income taxes230,319 231,175 437,044 438,174 
Income tax expense40,605 35,836 75,531 67,402 
Net income$189,714 $195,339 $361,513 $370,772 
Earnings per share:
Basic$2.09 $1.95 $3.92 $3.65 
Diluted2.08 1.93 3.89 3.62 
Weighted average shares outstanding:
Basic90,740 100,037 92,271 101,451 
Diluted91,389 101,059 92,972 102,495 
Net income$189,714 $195,339 $361,513 $370,772 
Other comprehensive income:
Unrealized appreciation (depreciation) of investments(2,726)16,580 (38,677)88,318 
Comprehensive income$186,988 $211,919 $322,836 $459,090 


Exhibit B
Essent Group Ltd. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
June 30,December 31,
(In thousands, except per share amounts)20262025
Assets
Investments
Fixed maturities available for sale, at fair value$5,414,809 $5,455,593 
Short-term investments available for sale, at fair value623,886 648,492 
Total investments available for sale6,038,695 6,104,085 
Other invested assets441,852 382,513 
Total investments6,480,547 6,486,598 
Cash74,333 123,049 
Accrued investment income48,306 47,371 
Accounts receivable169,772 51,267 
Deferred policy acquisition costs68,857 9,547 
Property, equipment and software, net47,753 49,189 
Prepaid federal income tax496,325 513,425 
Goodwill and acquired intangible assets, net77,451 78,153 
Other assets128,538 82,404 
Total assets$7,591,882 $7,441,003 
Liabilities and Stockholders' Equity
Liabilities
Reserve for losses and LAE$518,799 $446,822 
Unearned premium reserve256,827 91,730 
Net deferred tax liability449,738 465,351 
Senior notes due 2029, net495,972 495,301 
Other accrued liabilities207,145 185,072 
Total liabilities1,928,481 1,684,276 
Commitments and contingencies
Stockholders' Equity
Common shares, $0.015 par value:
Authorized - 233,333; issued and outstanding - 89,876 shares in 2026 and 95,456 shares in 20251,348 1,432 
Additional paid-in capital298,724 649,895 
Accumulated other comprehensive loss(190,662)(151,985)
Retained earnings5,553,991 5,257,385 
Total stockholders' equity 5,663,401 5,756,727 
Total liabilities and stockholders' equity$7,591,882 $7,441,003 
Return on average equity (1)12.7%12.1%
(1) The 2026 return on average equity is calculated by dividing annualized year-to-date 2026 net income by average equity. The 2025 return on average equity is calculated by dividing full year 2025 net income by average equity.



Exhibit C
Essent Group Ltd. and Subsidiaries
Supplemental Information
Consolidated Historical Quarterly Data (Unaudited)
20262025
June 30March 31December 31September 30June 30
(In thousands, except per share amounts)
Revenues:
Net premiums earned$276,764 $260,093 $242,729 $246,332 $248,809 
Net investment income61,612 59,255 59,223 59,795 59,289 
Realized investment gains (losses), net(111)(147)(188)(425)(129)
Income from other invested assets19,385 10,179 3,942 1,770 4,466 
Other income (1)
5,036 6,692 6,698 4,358 6,708 
Total revenues362,686 336,072 312,404 311,830 319,143 
Losses and expenses:
Provision for losses and LAE48,961 48,216 56,073 44,922 17,055 
Other underwriting and operating expenses75,258 72,983 63,653 59,498 62,765 
Interest expense8,148 8,148 8,149 8,251 8,148 
Total losses and expenses132,367 129,347 127,875 112,671 87,968 
Income before income taxes230,319 206,725 184,529 199,159 231,175 
Income tax expense (2)
40,605 34,926 29,547 34,944 35,836 
Net income$189,714 $171,799 $154,982 $164,215 $195,339 
Earnings per share:
   Basic$2.09 $1.83 $1.62 $1.69 $1.95 
   Diluted2.08 1.82 1.60 1.67 1.93 
Weighted average shares outstanding:
   Basic90,740 93,818 95,772 97,400 100,037 
   Diluted91,389 94,572 96,664 98,519 101,059 
Book value per share$63.01 $61.20 $60.31 $58.86 $56.98 
Return on average equity (annualized)13.4 %12.0 %10.8 %11.5 %13.8 %
Senior debt & credit facility:
Borrowings outstanding$500,000 $500,000 $500,000 $500,000 $500,000 
Undrawn committed capacity$500,000 $500,000 $500,000 $500,000 $500,000 
Weighted average interest rate (end of period)
6.25 %6.25 %6.25 %6.25 %6.25 %
Debt-to-capital8.11 %8.07 %7.99 %8.01 %8.10 %
Cash and investments available for sale at the holding companies$1,108,667 $1,144,112 $1,268,579 $1,038,747 $995,032 
(1) Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements, which for the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, were ($323), $37, ($526), ($858) and ($29), respectively.
(2) Income tax expense for the quarters ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025 and June 30, 2025 includes $3,954, $2,407, $366, $493, and $1,112, respectively, of discrete tax expense associated with realized and unrealized gains. Income tax expense for the quarters ended December 31, 2025 and September 30, 2025 also include ($396) and ($828), respectively, of discrete tax benefits associated with prior year tax returns. Income tax expense for the quarters ended March 31, 2026 and March 31, 2025 also include ($1,067) and ($742), respectively, of excess tax benefits associated with the vesting of common shares and common share units.


Exhibit D
Essent Group Ltd. and Subsidiaries
Supplemental Information
Year to Date Segment Results (Unaudited)
The following tables set forth comparative financial information for our two reportable business segments, Mortgage Insurance and Reinsurance, our Corporate & Other category and our consolidated results for the six months ended June 30, 2026 and 2025 (unaudited). Our Corporate & Other category is used to reconcile our reportable business segments to consolidated results and includes business activities associated with our title insurance operations, income and losses from holding company treasury operations, and general corporate operating expenses not attributable to our operating segments.
Six Months Ended June 30, 2026Six Months Ended June 30, 2025
(In thousands)Mortgage InsuranceReinsuranceCorporate & OtherConsolidatedMortgage InsuranceReinsuranceCorporate & OtherConsolidated
Revenues:
Net premiums earned$431,325 $72,949 $32,583 $536,857 $438,386 $29,609 $26,662 $494,657 
Net investment income86,322 10,758 23,787 120,867 86,466 10,056 20,977 117,499 
Realized investment gains (losses), net(282)— 24 (258)(225)— (85)(310)
Income from other invested assets18,737 — 10,827 29,564 6,828 — 5,046 11,874 
Other income3,139 3,316 5,273 11,728 3,162 4,862 4,957 12,981 
Total revenues539,241 87,023 72,494 698,758 534,617 44,527 57,557 636,701 
Losses and expenses:
Provision for losses and LAE67,011 28,652 1,514 97,177 46,043 39 2,260 48,342 
Compensation and benefits31,515 3,966 31,678 67,159 34,277 2,406 33,728 70,411 
Premium and other taxes11,988 32 981 13,001 11,548 27 1,823 13,398 
Acquisition costs, net (3)
(15,148)18,591 — 3,443 (13,200)642 — (12,558)
Other underwriting and operating expenses21,529 1,967 41,142 64,638 20,134 1,768 40,736 62,638 
Net operating expenses before allocations49,884 24,556 73,801 148,241 52,759 4,843 76,287 133,889 
Corporate expense allocations19,628 1,204 (20,832)— 21,783 473 (22,256)— 
Operating expenses after allocations69,512 25,760 52,969 148,241 74,542 5,316 54,031 133,889 
Interest expense— — 16,296 16,296 — — 16,296 16,296 
Income (loss) before income taxes$402,718 $32,611 $1,715 $437,044 $414,032 $39,172 $(15,030)$438,174 
Loss ratio (1)15.5 %39.3 %10.5 %0.1 %
Expense ratio (2)16.1 %35.3 %17.0 %18.0 %
Combined ratio31.6 %74.6 %27.5 %18.1 %
(1) Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned.
(2) Expense ratio is calculated by dividing operating expenses after allocations by net premiums earned.
(3) Acquisition costs are net of ceding commissions earned on outward reinsurance and include ceding commissions incurred on reinsurance assumed.



Exhibit E
Essent Group Ltd. and Subsidiaries
Supplemental Information
Historical Quarterly Segment Information
(Unaudited)
Mortgage Insurance
20262025
June 30March 31December 31September 30June 30
($ in thousands)
Revenues:
Net premiums earned$215,662 $215,663 $212,674 $215,683 $220,262 
Net investment income43,965 42,357 43,627 44,265 43,676 
Realized investment gains (losses), net(94)(188)(218)(427)(124)
Income (loss) from other invested assets12,975 5,762 2,044 (605)3,619 
Other income1,396 1,743 1,149 800 1,614 
Total revenues273,904 265,337 259,276 259,716 269,047 
Losses and expenses:
Provision for losses and LAE29,391 37,620 55,160 44,170 15,323 
Compensation and benefits14,898 16,617 14,727 15,388 15,667 
Premium and other taxes5,996 5,992 6,038 6,010 5,984 
Acquisition costs, net (3)
(7,770)(7,378)(7,234)(7,057)(6,770)
Other underwriting and operating expenses10,695 10,834 11,523 9,735 9,744 
Net operating expenses before allocations23,819 26,065 25,054 24,076 24,625 
Corporate expense allocations8,086 11,542 9,213 7,081 8,979 
Operating expenses after allocations31,905 37,607 34,267 31,157 33,604 
Income before income taxes$212,608 $190,110 $169,849 $184,389 $220,120 
Loss ratio (1)13.6 %17.4 %25.9 %20.5 %7.0 %
Expense ratio (2)14.8 %17.4 %16.1 %14.4 %15.3 %
Combined ratio28.4 %34.8 %42.0 %34.9 %22.3 %
(1) Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned.
(2) Expense ratio is calculated by dividing operating expenses after allocations by net premiums earned.
(3) Acquisition costs are net of ceding commissions earned on outward reinsurance and include ceding commissions incurred on reinsurance assumed.



Exhibit E, continued
Essent Group Ltd. and Subsidiaries
Supplemental Information
Historical Quarterly Segment Information (Unaudited)
Reinsurance
20262025
June 30March 31December 31September 30June 30
($ in thousands)
Revenues:
Net premiums earned$43,639 $29,310 $14,696 $16,304 $13,875 
Net investment income6,088 4,670 4,913 5,302 5,216 
Realized investment gains, net— — 6 — — 
Other income1,345 1,971 2,255 1,591 1,909 
Total revenues51,072 35,951 21,870 23,197 21,000 
Losses and expenses:
Provision for losses and LAE18,723 9,929 206 65 36 
Compensation and benefits1,781 2,185 961 1,180 1,126 
Premium and other taxes14 18 17 8 16 
Acquisition costs, net (3)
11,849 6,742 763 487 285 
Other underwriting and operating expenses987 980 996 890 959 
Net operating expenses before allocations14,631 9,925 2,737 2,565 2,386 
Corporate expense allocations653 551 516 502 263 
Operating expenses after allocations15,284 10,476 3,253 3,067 2,649 
Income before income taxes$17,065 $15,546 $18,411 $20,065 $18,315 
Loss ratio (1)42.9 %33.9 %1.4 %0.4 %0.3 %
Expense ratio (2)35.0 %35.7 %22.1 %18.8 %19.1 %
Combined ratio77.9 %69.6 %23.5 %19.2 %19.4 %
(1) Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned.
(2) Expense ratio is calculated by dividing operating expenses after allocations by net premiums earned.
(3) Acquisition costs are net of ceding commissions earned on outward reinsurance and include ceding commissions incurred on reinsurance assumed.



Exhibit E, continued
Essent Group Ltd. and Subsidiaries
Supplemental Information
Historical Quarterly Segment Information
(Unaudited)
Corporate & Other
20262025
June 30March 31December 31September 30June 30
($ in thousands)
Revenues:
Net premiums earned$17,463 $15,120 $15,359 $14,345 $14,672 
Net investment income11,559 12,228 10,683 10,228 10,397 
Realized investment gains (losses), net(17)41 24 2 (5)
Income from other invested assets6,410 4,417 1,898 2,375 847 
Other income2,295 2,978 3,294 1,967 3,185 
Total revenues37,710 34,784 31,258 28,917 29,096 
Losses and expenses:
Provision for losses and LAE847 667 707 687 1,696 
Compensation and benefits13,825 17,853 14,675 12,608 13,926 
Premium and other taxes545 436 446 (88)495 
Other underwriting and operating expenses22,438 18,704 20,741 20,337 21,333 
Net operating expenses before allocations36,808 36,993 35,862 32,857 35,754 
Corporate expense allocations(8,739)(12,093)(9,729)(7,583)(9,242)
Operating expenses after allocations28,069 24,900 26,133 25,274 26,512 
Interest expense8,148 8,148 8,149 8,251 8,148 
Income (loss) before income taxes$646 $1,069 $(3,731)$(5,295)$(7,260)


Consolidated
20262025
June 30March 31December 31September 30June 30
($ in thousands)
Revenues:
Net premiums earned$276,764 $260,093 $242,729 $246,332 $248,809 
Net investment income61,612 59,255 59,223 59,795 59,289 
Realized investment gains (losses), net(111)(147)(188)(425)(129)
Income from other invested assets19,385 10,179 3,942 1,770 4,466 
Other income5,036 6,692 6,698 4,358 6,708 
Total revenues362,686 336,072 312,404 311,830 319,143 
Losses and expenses:
Provision for losses and LAE48,961 48,216 56,073 44,922 17,055 
Compensation and benefits30,504 36,655 30,363 29,176 30,719 
Premium and other taxes6,555 6,446 6,501 5,930 6,495 
Acquisition costs, net (1)
4,079 (636)(6,471)(6,570)(6,485)
Other underwriting and operating expenses34,120 30,518 33,260 30,962 32,036 
Total other underwriting and operating expenses75,258 72,983 63,653 59,498 62,765 
Interest expense8,148 8,148 8,149 8,251 8,148 
Income before income taxes$230,319 $206,725 $184,529 $199,159 $231,175 
(1) Acquisition costs are net of ceding commissions earned on outward reinsurance and include ceding commissions incurred on reinsurance assumed.


Exhibit F
Essent Group Ltd. and Subsidiaries
Supplemental Information
Mortgage Insurance - Historical Quarterly Data
​
20262025
June 30March 31December 31September 30June 30
($ in thousands)
New insurance written$14,144,104 $11,076,190 $11,840,227 $12,233,252 $12,544,731 
New risk written$3,822,560 $2,893,697 $3,030,169 $3,239,497 $3,357,820 
Average insurance in force$248,468,781 $247,838,392 $248,695,560 $247,821,046 $245,747,813 
Insurance in force (end of period)$249,720,234 $247,909,417 $248,356,397 $248,808,341 $246,797,619 
Gross risk in force (end of period) (1)
$68,465,872 $67,916,263 $68,053,447 $68,262,577 $67,683,239 
Risk in force (end of period)$56,435,078 $56,271,605 $56,519,839 $56,940,929 $56,811,096 
Policies in force801,140 801,394 807,230 812,856 812,182 
Weighted average coverage (2)
27.4 %27.4 %27.4 %27.4 %27.4 %
Annual persistency84.0 %84.7 %85.7 %86.0 %85.8 %
Loans in default (count)20,278 20,332 20,210 18,583 17,255 
Percentage of loans in default2.53 %2.54 %2.50 %2.29 %2.12 %
   Base average premium rate (3)
0.40 %0.41 %0.41 %0.41 %0.41 %
   Single premium cancellation (4)
—%—%—%—%—%
  Gross average premium rate0.40 %0.41 %0.41 %0.41 %0.41 %
  Ceded premiums(0.05%)(0.06%)(0.07%)(0.06%)(0.05%)
    Net average premium rate0.35 %0.35 %0.34 %0.35 %0.36 %
(1) Gross risk in force includes risk ceded under third-party reinsurance.
(2) Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force.
(3) Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period.
(4) Single premium cancellation is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period.



Exhibit G
Essent Group Ltd. and Subsidiaries
Supplemental Information
Mortgage Insurance - New Insurance Written
NIW by Credit Score (1)
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
($ in thousands)
>=760$7,017,351 49.6%$6,274,130 50.0%$13,136,338 52.1%$11,016,229 49.0%
740-7592,026,615 14.3 2,008,226 16.0 3,677,246 14.6 3,734,281 16.6 
720-7391,756,882 12.5 1,598,919 12.8 3,009,684 11.9 2,898,918 12.8 
700-7191,712,690 12.1 1,320,817 10.5 2,743,916 10.9 2,485,800 11.1 
680-699917,145 6.5 731,994 5.8 1,484,923 5.9 1,306,651 5.8 
<=679713,421 5.0 610,645 4.9 1,168,187 4.6 1,048,188 4.7 
Total$14,144,104 100.0%$12,544,731 100.0%$25,220,294 100.0%$22,490,067 100.0%
Weighted average credit score751 753 754 752 
NIW by LTV
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
($ in thousands)
85.00% and below$1,169,164 8.3%$1,124,637 9.0%$2,386,870 9.5%$1,863,256 8.3%
85.01% to 90.00%3,440,697 24.3 2,957,886 23.6 6,639,746 26.3 5,236,176 23.3 
90.01% to 95.00%7,054,406 49.9 6,393,500 50.9 12,350,937 49.0 11,669,518 51.9 
95.01% and above2,479,837 17.5 2,068,708 16.5 3,842,741 15.2 3,721,117 16.5 
Total$14,144,104 100.0%$12,544,731 100.0%$25,220,294 100.0%$22,490,067 100.0%
Weighted average LTV93%93%93%93%
NIW by Product
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Single premium policies1.6%1.3%1.6%1.4%
Monthly premium policies98.4 98.798.4 98.6
100.0%100.0%100.0%100.0%
NIW by Purchase vs. Refinance
Three Months EndedSix Months Ended
June 30, 2026June 30, 2025June 30, 2026June 30, 2025
Purchase87.4%92.6%80.8%93.4%
Refinance12.6 7.419.2 6.6
100.0%100.0%100.0%100.0%
(1) Beginning in the three months ended June 30, 2026, a de minimis amount of NIW was submitted with a VantageScore credit score rather than a FICO credit score.


Exhibit H
Essent Group Ltd. and Subsidiaries
Supplemental Information
Mortgage Insurance - Insurance in Force and Risk in Force
Portfolio by Credit Score (1)
Insurance in ForceJune 30, 2026March 31, 2026June 30, 2025
($ in thousands)
>=760$105,982,606 42.4%$104,715,580 42.2%$101,554,517 41.1%
740-75942,848,263 17.2 42,906,709 17.3 43,146,312 17.5 
720-73937,328,645 14.9 37,323,783 15.1 38,115,925 15.4 
700-71932,515,464 13.1 32,210,355 13.0 32,789,773 13.3 
680-69919,282,243 7.7 19,194,941 7.7 19,666,338 8.0 
<=67911,763,013 4.7 11,558,049 4.7 11,524,754 4.7 
Total$249,720,234 100.0%$247,909,417 100.0%$246,797,619 100.0%
Weighted average credit score747 747 746 
Risk in ForceJune 30, 2026March 31, 2026June 30, 2025
($ in thousands)
>=760$28,763,509 42.1%$28,401,453 41.9%$27,578,860 40.8%
740-75911,895,196 17.4 11,899,312 17.5 11,989,491 17.7 
720-73910,371,860 15.1 10,356,369 15.2 10,584,541 15.6 
700-7199,068,601 13.2 8,977,150 13.2 9,136,075 13.5 
680-6995,347,877 7.8 5,316,639 7.8 5,434,287 8.0 
<=6793,018,829 4.4 2,965,340 4.4 2,959,985 4.4 
Total$68,465,872 100.0%$67,916,263 100.0%$67,683,239 100.0%
Portfolio by LTV
Insurance in ForceJune 30, 2026March 31, 2026June 30, 2025
($ in thousands)
85.00% and below$15,285,556 6.1%$14,976,850 6.0%$14,309,342 5.8%
85.01% to 90.00%56,279,141 22.5 57,370,862 23.1 59,432,276 24.1 
90.01% to 95.00%133,466,114 53.5 132,048,705 53.3 130,210,803 52.7 
95.01% and above44,689,423 17.9 43,513,000 17.6 42,845,198 17.4 
Total$249,720,234 100.0%$247,909,417 100.0%$246,797,619 100.0%
Weighted average LTV93%93%93%
Risk in ForceJune 30, 2026March 31, 2026June 30, 2025
($ in thousands)
85.00% and below$1,788,794 2.6%$1,752,508 2.6%$1,689,437 2.5%
85.01% to 90.00%13,776,656 20.1 14,061,350 20.7 14,653,527 21.7 
90.01% to 95.00%39,355,100 57.5 38,936,750 57.3 38,402,295 56.7 
95.01% and above13,545,322 19.8 13,165,655 19.4 12,937,980 19.1 
Total$68,465,872 100.0%$67,916,263 100.0%$67,683,239 100.0%
Portfolio by Loan Amortization Period
Insurance in ForceJune 30, 2026March 31, 2026June 30, 2025
($ in thousands)
FRM 30 years and higher$241,429,013 96.7%$240,268,121 96.9%$241,225,436 97.8%
FRM 20-25 years1,733,836 0.6 1,631,244 0.7 1,024,884 0.4 
FRM 15 years2,385,701 1.0 2,214,086 0.9 1,465,011 0.6 
ARM 5 years and higher4,171,684 1.7 3,795,966 1.5 3,082,288 1.2 
Total$249,720,234 100.0%$247,909,417 100.0%$246,797,619 100.0%
(1) Beginning in the three months ended June 30, 2026, a de minimis amount of active policies were submitted with a VantageScore credit score rather than a FICO credit score.



Exhibit I
Essent Group Ltd. and Subsidiaries
Supplemental Information
Mortgage Insurance - Vintage Data
June 30, 2026
Insurance in Force
YearOriginal
Insurance
Written
($ in thousands)		Remaining
Insurance
in Force
($ in thousands)		% Remaining of Original
Insurance		Number of Policies in ForceWeighted Average Coupon% Purchase>90% LTV>95% LTVCredit Score < 700Credit Score >= 760Incurred Loss Ratio (Inception to Date) (1)Number of Loans in DefaultPercentage of Loans in Default
2010 - 2016$121,811,826 $2,386,975 2.0 %13,146 4.19 %71.5 %52.8 %3.9 %13.1 %45.7 %2.2 %568 4.32 %
201743,858,322 2,169,396 4.9 14,118 4.37 88.9 78.3 30.7 23.8 33.7 2.8 732 5.18 
201847,508,525 3,314,292 7.0 19,877 4.84 95.1 84.2 32.2 23.2 30.6 3.6 980 4.93 
201963,569,183 7,377,172 11.6 38,401 4.28 91.1 81.5 29.8 20.4 32.9 3.4 1,469 3.83 
2020107,944,065 23,743,308 22.0 101,070 3.23 79.7 75.6 18.0 11.4 43.9 2.6 2,187 2.16 
202184,218,250 37,012,232 43.9 130,843 3.11 93.6 75.3 19.5 13.8 39.7 6.4 3,548 2.71 
202263,061,262 42,323,563 67.1 126,303 5.09 98.6 68.6 12.2 12.5 39.4 20.4 3,888 3.08 
202347,666,852 31,851,543 66.8 94,279 6.56 98.9 74.2 20.0 11.3 37.7 25.0 3,334 3.54 
202445,561,332 34,628,333 76.0 96,480 6.66 95.2 74.0 21.4 12.7 41.4 24.8 2,541 2.63 
202546,563,546 40,156,852 86.2 104,880 6.54 87.2 65.6 15.8 10.5 49.4 16.9 970 0.92 
2026 (through June 30)25,220,294 24,756,568 98.2 61,743 6.16 80.6 64.2 15.5 10.6 51.6 5.5 61 0.10 
Total$696,983,457 $249,720,234 35.8 801,140 5.32 91.4 71.3 17.9 12.4 42.4 6.8 20,278 2.53 
(1) Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative premiums earned, excluding the impact of any outward reinsurance.



Essent Group Ltd. and SubsidiariesExhibit J
Supplemental Information
Mortgage Insurance - Outward Reinsurance Vintage Data
June 30, 2026
($ in thousands)
Insurance Linked Notes (1)
Earned Premiums Ceded
Deal NameVintageRemaining
Insurance
in Force		Remaining
Risk
in Force		Original
Reinsurance in Force		Remaining
Reinsurance in Force		Losses
Ceded
to Date		Original
First Layer
Retention		Remaining
First Layer
Retention		Quarter-to-DateYear-to-DateReduction in PMIERs Minimum Required Assets (3)
Radnor Re 2021-1Aug. 2020 - Mar. 2021$15,836,468 $4,438,234 $557,911 $50,256 $— $278,956 $275,536 $616 $1,400 $17,741 
Radnor Re 2021-2Apr. 2021 - Sep. 202122,156,669 6,327,178 439,407 161,600 — 279,415 268,364 2,316 4,706 144,071 
Radnor Re 2022-1Oct. 2021 - Jul. 202222,499,218 6,295,041 237,868 113,796 — 303,761 284,970 2,522 5,088 113,795 
Radnor Re 2023-1Aug. 2022 - Jun. 202322,822,493 6,296,006 281,462 181,895 — 281,463 264,081 2,667 5,349 181,895 
Radnor Re 2024-1Jul. 2023 - Jul. 202421,827,253 6,054,012 363,366 192,982 — 256,495 251,896 2,173 4,558 142,806 
Total$105,142,101 $29,410,471 $1,880,014 $700,529 $— $1,400,090 $1,344,847 $10,294 $21,101 $600,308 
Excess of Loss Reinsurance (2)
Earned Premiums Ceded
Deal NameVintageRemaining
Insurance
in Force		Remaining
Risk
in Force		Original
Reinsurance in Force		Remaining
Reinsurance in Force		Losses
Ceded
to Date		Original
First Layer
Retention		Remaining
First Layer
Retention		Quarter-to-DateYear-to-DateReduction in PMIERs Minimum Required Assets (3)
(4) XOL 2019-1
Jan. 2018 - Dec. 2018$— $— $— $— $— $— $— $— $374 $— 
XOL 2020-1Jan. 2019 - Aug. 20194,244,203 1,130,161 55,102 29,152 — 215,605 209,852 249 495 — 
XOL 2022-1Oct. 2021 - Dec. 202251,203,122 14,212,909 141,992 128,222 — 507,114 457,603 1,447 2,934 123,641 
XOL 2023-1Jan. 2023 - Dec. 202328,813,310 8,021,276 36,627 31,375 — 366,270 350,226 373 778 30,168 
XOL 2024-1Jan. 2024 - Dec. 202432,088,603 8,848,689 58,005 58,005 — 331,456 327,683 651 1,294 55,886 
XOL 2025-1Jan. 2025 - Dec. 202540,096,727 10,640,673 80,821 80,821 — 343,234 343,234 725 1,443 77,857 
Total$156,445,965 $42,853,708 $372,547 $327,575 $— $1,763,679 $1,688,598 $3,445 $7,318 $287,552 
Quota Share Reinsurance (2)
Losses Ceded Ceding CommissionEarned Premiums Ceded
YearCeding PercentageRemaining Insurance in ForceRemaining Risk in ForceRemaining Ceded Insurance in ForceRemaining Ceded Risk in ForceQuarter-to-DateYear-to-Date
Quarter-to-Date		Year-to-Date
Quarter-to-Date		Year-to-DateReduction in PMIERs Minimum Required Assets (3)
Sep. 2019 - Dec. 2020(5)$26,846,772 $7,481,592 $5,596,026 $1,535,452 $(173)$(162)$1,683 $3,475 $2,254 $4,850 $97,777 
Jan. 2022 - Dec. 202220%42,279,365 11,681,382 8,455,873 2,336,276 1,665 3,765 1,538 3,126 4,357 9,236 175,182 
Jan. 2023 - Dec. 202317.5%28,733,450 8,001,630 5,028,354 1,400,285 1,517 4,120 1,054 2,164 3,730 8,664 114,066 
Jan. 2024 - Dec. 202415%34,428,127 9,477,713 5,164,219 1,421,657 1,888 3,358 1,105 2,260 4,264 8,217 117,854 
Jan. 2025 - Dec. 202525%40,122,328 10,647,726 10,030,582 2,661,931 1,996 3,832 1,766 3,599 5,263 10,490 183,604 
Jan. 2026 - Dec. 202625%24,731,866 6,588,355 6,182,966 1,647,089 255 255 676 835 1,506 1,800 105,627 
Total$197,141,908 $53,878,398 $40,458,020 $11,002,690 $7,148 $15,168 $7,822 $15,459 $21,374 $43,257 $794,110 
(1) Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs").
(2) Reinsurance provided by panels of reinsurers.
(3) Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs.
(4) XOL 2019-1 terminated as of February 2026.
(5) Under QSR-2019, Essent Guaranty cedes 36% of premiums on singles policies and 18% on all other policies.


Exhibit K
Essent Group Ltd. and Subsidiaries
Supplemental Information
Mortgage Insurance - Geographic Data
IIF by State
June 30, 2026March 31, 2026June 30, 2025
FL12.1%12.0%12.0%
CA11.9 12.1 12.3 
TX11.5 11.5 11.3 
AZ4.2 4.1 3.9 
GA3.9 3.9 3.8 
CO3.9 4.0 4.0 
WA3.4 3.4 3.4 
NC3.3 3.2 3.1 
MI2.6 2.6 2.6 
OH2.6 2.6 2.6 
All Others40.6 40.6 41.0 
Total100.0%100.0%100.0%
Gross RIF by State
June 30, 2026March 31, 2026June 30, 2025
FL12.4%12.3%12.2%
CA12.0 12.1 12.3 
TX11.7 11.7 11.5 
AZ4.3 4.2 4.0 
GA4.0 3.9 3.9 
CO3.9 3.9 4.0 
WA3.4 3.4 3.4 
NC3.3 3.2 3.1 
MI2.6 2.6 2.6 
UT2.6 2.6 2.6 
All Others39.8 40.1 40.4 
Total100.0%100.0%100.0%




Exhibit L
Essent Group Ltd. and Subsidiaries
Supplemental Information
Mortgage Insurance
Rollforward of Defaults and Reserve for Losses and LAE
Rollforward of Insured Loans in Default
Three Months Ended
20262025
June 30March 31December 31September 30June 30
Beginning default inventory20,332 20,210 18,583 17,255 17,759 
Plus: new defaults (A)
9,846 11,100 11,245 10,357 8,810 
Less: cures(9,559)(10,708)(9,357)(8,713)(9,078)
Less: claims paid(316)(239)(235)(296)(215)
Less: rescissions and denials, net(25)(31)(26)(20)(21)
Ending default inventory20,278 20,332 20,210 18,583 17,255 
(A) New defaults remaining as of June 30, 2026
7,559 3,918 2,935 1,847 1,144 
        Cure rate (1)
23%65%74%82%87%
Total amount paid for claims (in thousands)$17,283 $13,671 $13,171 $16,456 $9,007 
Average amount paid per claim (in thousands)$55 $57 $56 $56 $42 
Severity85%84%80%78%67%
Rollforward of Reserve for Losses and LAE
Three Months Ended
20262025
($ in thousands)June 30March 31December 31September 30June 30
Reserve for losses and LAE at beginning of period$458,901 $429,610 $379,548 $345,952 $338,128 
Less: Reinsurance recoverables61,591 56,120 47,957 41,966 40,351 
Net reserve for losses and LAE at beginning of period397,310 373,490 331,591 303,986 297,777 
Add provision for losses and LAE occurring in:
Current period58,393 62,792 67,865 62,349 45,119 
Prior years(29,002)(25,172)(12,705)(18,179)(29,796)
Incurred losses and LAE during the period29,391 37,620 55,160 44,170 15,323 
Deduct payments for losses and LAE occurring in:
Current period260 88 2,649 552 315 
Prior years17,148 13,712 10,612 16,013 8,799 
Loss and LAE payments during the period17,408 13,800 13,261 16,565 9,114 
Net reserve for losses and LAE at end of period409,293 397,310 373,490 331,591 303,986 
Plus: Reinsurance recoverables65,718 61,591 56,120 47,957 41,966 
Reserve for losses and LAE at end of period$475,011 $458,901 $429,610 $379,548 $345,952 
(1) The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%.


Exhibit M
Essent Group Ltd. and Subsidiaries
Supplemental Information
Mortgage Insurance
Detail of Reserves by Default Delinquency
June 30, 2026
Number of
Policies in
Default		Percentage of
Policies in
Default		 Amount of Reserves Percentage of Reserves Defaulted RIF Reserves as a Percentage of
Defaulted RIF
($ in thousands)
Missed Payments:
Two payments6,268 31%$34,008 8%$495,232 7%
Three payments2,812 14 29,835 7 237,120 13 
Four to eleven payments7,772 38 187,370 43 684,887 27 
Twelve or more payments2,965 15 154,442 35 252,845 61 
Pending claims461 2 33,265 7 36,888 90 
Total case reserves20,278 100%438,920 100%$1,706,972 26%
IBNR32,919 
LAE3,172 
Total reserves for losses and LAE$475,011 
Average reserve per default:
Case$21.6 
Total$23.4 
Default Rate2.53%
3+ Month Default Rate1.75%
December 31, 2025
Number of
Policies in
Default		Percentage of
Policies in
Default		 Amount of ReservesPercentage of Reserves Defaulted RIFReserves as a Percentage of
Defaulted RIF
($ in thousands)
Missed Payments:
Two payments6,892 34%$40,876 10%$545,198 7%
Three payments3,002 15 32,458 8 246,194 13 
Four to eleven payments7,261 36 163,087 41 615,449 26 
Twelve or more payments2,742 13 139,036 35 224,248 62 
Pending claims313 2 21,360 6 23,797 90 
Total case reserves20,210 100 %396,817 100%$1,654,886 24%
IBNR29,761 
LAE3,032 
Total reserves for losses and LAE$429,610 
Average reserve per default:
Case$19.6 
Total$21.3 
Default Rate2.50%
3+ Month Default Rate1.65%
June 30, 2025
Number of
Policies in
Default		Percentage of
Policies in
Default		 Amount of ReservesPercentage of Reserves Defaulted RIFReserves as a Percentage of
Defaulted RIF
($ in thousands)
Missed Payments:
Two payments5,634 33%$29,534 9%$436,738 7%
Three payments2,375 14 23,028 7 189,938 12 
Four to eleven payments6,644 38 134,497 42 561,051 24 
Twelve or more payments2,388 14 118,154 37 190,189 62 
Pending claims214 1 14,195 5 15,789 90 
Total case reserves17,255 100 %319,408 100%$1,393,705 23%
IBNR23,956 
LAE2,588 
Total reserves for losses and LAE$345,952 
Average reserve per default:
Case$18.5 
Total$20.0 
Default Rate2.12%
3+ Month Default Rate1.43%


Exhibit N
Essent Group Ltd. and Subsidiaries
Supplemental Information
U.S. Mortgage Insurance Company Capital
20262025
June 30March 31December 31September 30June 30
($ in thousands)
Essent Guaranty, Inc:
Statutory capital$3,678,202 $3,682,476 $3,572,887 $3,732,465 $3,714,146 
Net risk in force (1)
$31,118,806 $31,785,517 $32,486,788 $33,367,706 $33,986,508 
Risk-to-capital ratio (2)
8.5:18.6:19.1:18.9:19.2:1
Essent Guaranty, Inc. PMIERs Data (3):
Available Assets$3,599,092 $3,635,459 $3,520,454 $3,666,883 $3,654,460 
Minimum Required Assets2,092,922 2,084,042 2,087,473 2,065,890 2,075,409 
PMIERs excess Available Assets$1,506,170 $1,551,417 $1,432,981 $1,600,993 $1,579,051 
PMIERs sufficiency ratio (4)
172%174%169%177%176%
(1) Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established.
(2) The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital.
(3) Data is based on our interpretation of the PMIERs as of the dates indicated.
(4) PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets.




Exhibit O
Essent Group Ltd. and Subsidiaries
Supplemental Information
Reinsurance
20262025
($ in thousands)June 30March 31December 31September 30June 30
Net Premiums Written:
Mortgage$13,700 $13,236 $15,117 $18,338 $13,181 
Non-mortgage65,475 156,365 633 359 229 
Total$79,175 $169,601 $15,750 $18,697 $13,410 
Net Premiums Earned:
Mortgage$12,716 $12,264 $14,063 $15,945 $13,646 
Non-mortgage30,923 17,046 633 359 229 
Total$43,639 $29,310 $14,696 $16,304 $13,875 
Reserve for losses and LAE$27,739 $10,076 $359 $153 $88 
Mortgage Reinsurance Statistics:
Reinsured risk in force$2,051,720 $2,084,380 $2,166,605 $2,184,981 $2,290,008 
Weighted average credit score751 751 751 751 751 
Weighted average LTV83%83%83%83%83%
Essent Reinsurance Ltd. Capital:
Stockholder's equity (GAAP basis)$1,634,429 $1,660,416 $1,695,390 $1,722,135 $1,751,720 




Exhibit P
Essent Group Ltd. and Subsidiaries
Supplemental Information
Cash & Investments
Cash & Investments by Asset Class
Asset ClassJune 30, 2026December 31, 2025
($ in thousands)Fair ValuePercentFair ValuePercent
U.S. Treasury securities$274,488 4.2%$369,712 5.6%
U.S. agency mortgage-backed securities1,103,830 16.8 1,174,895 17.8 
Municipal debt securities603,771 9.2 610,411 9.2 
Non-U.S. government securities49,271 0.8 56,024 0.8 
Corporate debt securities1,967,084 30.0 1,980,080 30.0 
Residential and commercial mortgage securities462,142 7.1 464,105 7.0 
Asset-backed securities954,223 14.6 800,366 12.1 
Money market funds623,886 9.5 648,492 9.8 
Total investments available for sale$6,038,695 92.2%$6,104,085 92.3%
Other invested assets441,852 6.7 382,513 5.8 
Cash74,333 1.1 123,049 1.9 
Total cash and investments$6,554,880 100.0 %$6,609,647 100.0 %
Investments Available for Sale by Credit Rating
Rating (1)
June 30, 2026December 31, 2025
($ in thousands)Fair ValuePercentFair ValuePercent
Aaa$905,610 16.7%$846,230 15.5%
Aa11,636,582 30.2 1,799,508 32.9 
Aa2347,853 6.4 300,026 5.5 
Aa3324,831 6.0 319,848 5.9 
A1510,764 9.5 545,918 10.0 
A2530,561 9.8 511,146 9.4 
A3481,679 8.9 494,434 9.1 
Baa1254,449 4.7 244,424 4.5 
Baa2214,466 4.0 208,247 3.8 
Baa3140,522 2.6 122,596 2.2 
Below Baa367,492 1.2 63,216 1.2 
Total (2)
$5,414,809 100.0%$5,455,593 100.0%
(1) Based on ratings issued by Moody's, if available. S&P or Fitch rating utilized if Moody's not available.
(2) Excludes $623,886 and $648,492 of money market funds at June 30, 2026 and December 31, 2025, respectively.
Investments Available for Sale by Duration and Book Yield
Effective DurationJune 30, 2026December 31, 2025
($ in thousands)Fair ValuePercentFair ValuePercent
< 1 Year$1,619,802 26.8%$1,549,327 25.4%
1 to < 2 Years465,830 7.7 527,914 8.6 
2 to < 3 Years483,881 8.0 532,211 8.7 
3 to < 4 Years664,408 11.0 571,255 9.4 
4 to < 5 Years499,657 8.3 536,135 8.8 
5 or more Years2,305,117 38.2 2,387,243 39.1 
Total investments available for sale$6,038,695 100.0%$6,104,085 100.0%
Pre-tax investment yield (3)Three Months Ended June 30, 2026Six Months Ended June 30, 2026
Yield on cash and investments available for sale3.99 %3.89 %
Return on other invested assets18.85 %14.82 %
Aggregate yield on total cash and investments4.89 %4.54 %
(3) Yield on cash and investments available for sale is calculated as the annualized gross investment income earned divided by the average amortized cost of cash and investments available for sale. Return on other invested assets is calculated as annualized income (loss) from other invested assets divided by the average balance of other invested assets. The aggregate yield is calculated as the sum of the numerators in the calculations described above divided by the sum of denominators in the calculations described above.


Exhibit Q
Essent Group Ltd. and Subsidiaries
Supplemental Information
Book Value Per Share Inclusive of Common Dividends & Reconciliation of Non-GAAP Financial Measures

Management believes Book Value Per Share Inclusive of Common Dividends provides investors with useful supplemental information because it reflects both changes in GAAP book value per share and cash dividends distributed to common shareholders. Management uses this measure as an additional indicator of per-share capital generation and capital return. Because dividends paid to common shareholders reduce GAAP book value per share, management believes this measure helps investors evaluate the combined effect of retained capital growth and capital distributed to shareholders during the period.

The following table sets forth the reconciliation of Book Value per Share Inclusive of Common Dividends to the most comparable GAAP amount as of June 30, 2026, as well as the 12-month growth in Book Value per Share Inclusive of Common Dividends in accordance with Regulation G.
(In thousands, except per share amounts)June 30, 2026June 30, 2025
Total Stockholders' Equity (Book Value)$5,663,401 $5,672,848 
Total Common Shares Outstanding89,876 99,556 
Book Value per Share$63.01 $56.98 
12-Month Growth in Book Value per Share10.6 %
Book Value per Share$63.01 $56.98 
Common Dividends Paid per Share 12-Months Ended June 30, 2026
1.32 
Book Value Per Share Inclusive of Common Dividends$64.33 
12-Month Growth in Book Value Per Share Inclusive of Common Dividends12.9 %





Source: View Original Filing on SEC EDGAR

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