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Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance, and title insurance and settlement services to mortgage lenders, borrowers, and investors in the United States. It operates through two segments, Mortgage Insurance and Reinsurance. The company's mortgage insurance products include primary, pool, and master policy. It also provides information technology maintenance and development services; customer support-related services; underwriting consulting services to third-party reinsurers; and contract underwriting services, as well as credit risk management products. In addition, the company offers title insurance and settlement services; and title insurance underwriting services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. Essent Group Ltd. was founded in 2008 and is headquartered in Hamilton, Bermuda.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | $855M | $690M | $849M | 12.0% | 1.7% | -5.4% |
| 2024 | $1.3B | $891M | $729M | $845M | 13.0% | 12.0% | 4.7% |
| 2023 | $1.1B | $853M | $696M | $759M | 13.6% | 11.1% | -16.2% |
| 2022 | $1.0B | $1.0B | $831M | $585M | 18.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,018.34 | 1,131.09 | 1,267.15 | 1,288.19 |
| EBIT | 1,003.79 | 853.14 | 890.81 | 854.56 |
| Pretax Income | 988.19 | 823 | 855.49 | 821.86 |
| Tax Provision | 156.83 | 126.61 | 126.09 | 131.89 |
| Net Income | 831.35 | 696.39 | 729.40 | 689.97 |
| Net Income Common Stockholders | 831.35 | 696.39 | 729.40 | 689.97 |
| Total Expenses | 30.15 | 308.09 | 411.66 | 466.33 |
| Interest Expense | 15.61 | 30.14 | 35.32 | 32.70 |
| Selling General And Administration | 100.30 | 114.90 | 136.39 | 129.95 |
| Normalized Income | 831.35 | 696.39 | 729.40 | 689.97 |
| Basic EPS | 7.75 | 6.56 | 6.92 | 6.97 |
| Diluted EPS | 7.72 | 6.50 | 6.85 | 6.90 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.16 | 0.15 | 0.15 | 0.16 |
| Net Income From Continuing Operation Net Minority Interest | 831.35 | 696.39 | 729.40 | 689.97 |
| Reconciled Depreciation | 3.02 | 4.53 | 5.78 | 5.23 |
| Net Interest Income | -15.61 | -30.14 | -35.32 | -32.70 |
| Net Income From Continuing And Discontinued Operation | 831.35 | 696.39 | 729.40 | 689.97 |
| Diluted Average Shares | 107.65 | 107.13 | 106.55 | 100.02 |
| Basic Average Shares | 107.20 | 106.22 | 105.39 | 99 |
| Diluted NI Availto Com Stockholders | 831.35 | 696.39 | 729.40 | 689.97 |
| Net Income Including Noncontrolling Interests | 831.35 | 696.39 | 729.40 | 689.97 |
| Net Income Continuous Operations | 831.35 | 696.39 | 729.40 | 689.97 |
| Other Income Expense | 18.38 | 25.04 | 24.93 | 24.04 |
| Net Non Operating Interest Income Expense | -15.61 | -30.14 | -35.32 | -32.70 |
| Interest Expense Non Operating | 15.61 | 30.14 | 35.32 | 32.70 |
| Other Operating Expenses | 20.98 | 22.17 | 24.50 | 25.83 |
| General And Administrative Expense | 100.30 | 114.90 | 136.39 | 129.95 |
| Salaries And Wages | 100.30 | 114.90 | 136.39 | 129.95 |
| Operating Revenue | 1,018.34 | 1,131.09 | 1,267.15 | 1,288.19 |
| Loss Adjustment Expense | -174.70 | 31.54 | 81.22 | 149.34 |
| Net Policyholder Benefits And Claims | -174.70 | 31.54 | 81.22 | 149.34 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Essent Group Ltd.this co. | ESNT | $6.0B | 9.27↓ discount | 1.06 | 12.0% | 6.75 |
| Glacier Bancorp, Inc. | GBCI | $6.3B | 22.50 | 1.47 | 5.7% | - |
| United Bankshares, Inc. | UBSI | $6.0B | 12.14 | 1.10 | 8.5% | - |
| Flagstar Bank, National Association | FLG | $5.8B | - | 0.76 | -2.2% | - |
| Hancock Whitney Corporation | HWC | $5.4B |
| 13.68 |
| 1.22 |
| 10.9% |
| - |
| Home BancShares, Inc. | HOMB | $5.4B | 10.91 | 1.20 | 11.1% | - |
| Associated Banc-Corp | ASB | $5.3B | 9.67 | 0.95 | 9.5% | - |
| Nelnet, Inc. | NNI | $5.1B | 12.10 | 1.39 | 12.0% | - |
| Selective Insurance Group, Inc. | SIGI | $5.1B | 11.58 | 1.50 | 12.9% | 8.65 |
| Peer Median | - | 12.10 | 1.21 | 10.2% | 8.65 | |