Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Commission file number 001-36157 ESSENT GROUP LTD. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the period ended March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...

Financial Data and Key Metrics Changes - For Q1 2024, the company reported net income of $182 million, an increase from $171 million a year ago, with diluted earnings per share rising to $1.70 from $1.59 [5][10] - The annualized return on average equity was 14% [5] - The default rate on the U.S. mortgage insurance portfolio decreased to 1.72%, down 8 basis points from 1.80% at the end of Q4 2023 [12] Business Line Data and Key Metrics Changes - Essent Re's third-party risk in force was approximately $2.3 billion, up 10% from Q1 2023 [7] - The U.S. mortgage insurance portfolio ended Q1 2024 with insurance in force of $238.5 billion, a 3% increase year-over-year [10][26] - Net premium earned for Q1 was $246 million, including $17.8 million from Essent Re and $15.3 million from title operations [11] Market Data and Key Metrics Changes - The base average premium rate for the U.S. mortgage insurance portfolio increased to 41 basis points, with the net average premium rate rising to 36 basis points, both up 1 basis point from the previous quarter [11] - The trailing 12-month mortgage insurance underwriting margin was 76% [8] Company Strategy and Development Direction - The company aims to activate new lenders and strengthen its operating infrastructure, including enhancing its proprietary scoring engine, EssentEDGE [27] - The company is focused on balancing capital deployment opportunities to generate incremental revenues while optimizing capital distributions and shareholder returns [30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the resilience of housing and the labor market, expecting improvement in supply-demand imbalances to support housing growth [25] - The company remains confident in the credit quality of its portfolio and the ability to hedge risks effectively [20][25] Other Important Information - The company’s cash and investments as of March 31 were $5.8 billion, with a new money yield of approximately 5% [28] - The company paid a dividend of $45 million to its U.S. holding company during Q1 2024, with the potential for additional ordinary dividends of $331 million in 2024 [14] Q&A Session Summary Question: What are the expectations for the cures to new notices ratio for the rest of the year? - Management indicated that they expect a return to normal seasonality patterns, with more cure activity in the first half of the year and a modest increase in defaults in the second half [60] Question: How does the company view the current vintage in terms of risk? - Management is comfortable with the new writings, noting that while the current vintage may carry slightly higher risk, they are being compensated adequately from a pricing standpoint [81] Question: What are the company's thoughts on capital distribution and potential opportunities? - Management emphasized a measured approach to capital distribution, balancing between returning capital to shareholders and investing in growth opportunities [62][64] Question: How does the company view the impact of student loans on credit? - Management has not seen student loans as a headwind, noting that they can differentiate borrowers with student loans from those with personal loans using EssentEDGE [83][95] Question: What are the risks from an external perspective for the company? - Management acknowledged that unemployment is a significant risk factor, but emphasized the company's resilience and ability to manage through economic cycles [99][100]

ESSENT GROUP LTD. | NYSE: ESNT © 2024 Essent Group Ltd. All rights reserved. | essentgroup.com | 1 NYSE: ESNT May 3, 2024 This presentation 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 ...

Exhibit 99.1 Essent Group Ltd. Announces First Quarter 2024 Results and Declares Quarterly Dividend HAMILTON, Bermuda--(BUSINESS WIRE)--May 3, 2024--Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended March 31, 2024 of $181.7 million or $1.70 per diluted share, compared to $170.8 million or $1.59 per diluted share for the quarter ended March 31, 2023. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.28 per common share. The divid ...

Investors are always looking for stocks that are poised to beat at earnings season and Essent Group Ltd. (ESNT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Essent Group is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty goo ...

The market expects Essent Group (ESNT) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Essent Group (ESNT) , which belongs to the Zacks Financial - Mortgage & Related Services industry, could be a great candidate to consider.When looking at the last two reports, this mortgage insurance and reinsurance holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.44%, on average, in t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36157 ESSENT GROUP LTD. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organiza ...

Essent Group Ltd. (ESNT) reported fourth-quarter 2023 operating net income per share of $1.64, which beat the Zacks Consensus Estimate by 3.1%. The bottom line increased 19.7% year over year.The quarter witnessed improved revenues attributable to higher net premiums earned. Losses and expenses increased, attributable to provision for losses and loss adjustment expense (LAE). There was an increase in the percentage of loans in default during the reported quarter.Operational Update   Total revenues of $297.3 ...

Statutory Financial Information Ordinary Dividend Capacity $304 $274.2 $231.8 $178.1 $147.4 $170.8 $172.2 $178.0 $175.4 1Q22 2Q22 3Q22 4Q22 1Q23 2Q23 3Q23 4Q23 Annual Financial Trends 2) Expense ratio is calculated by dividing operating expenses by the sum of net premiums earned and settlement services revenue, if applicable. 3) Loss ratio plus expense ratio. CRT Summary: As Of 12/31/23 PMIERs Credit5 - . 138 $138 Please see here for the Credit Risk Transfer Update presentation for additional detail. ESSENT ...