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 ...

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 ...

Financial Data and Key Metrics Changes - For the fourth quarter of 2023, the company reported net income of $175 million, compared to $147 million a year ago, and earnings per diluted share of $1.64, up from $1.37 in the same quarter last year [51][45] - The U.S. Mortgage Insurance Portfolio ended 2023 with Insurance In-Force of $239.1 billion, an increase of $12 billion or 5% compared to $227.1 billion at December 31, 2022 [15][67] - The net premium yield for the fourth quarter of 2023 was $246 million, which included premiums earned from third-party business and title operations [16] Business Line Data and Key Metrics Changes - The company’s title operations incurred a pre-tax loss of approximately $4 million in the fourth quarter, similar to the previous quarter [69] - The net provision for losses was approximately $32 million for the full year 2023, with new defaults offset by favorable reserve development [19] Market Data and Key Metrics Changes - The default rate on the U.S. Mortgage Insurance Portfolio was 1.8%, up 18 basis points from 1.62% at September 30, 2023 [42] - Persistency at December 31, 2023, increased to 86.9%, compared to 86.6% at the end of the third quarter [15] Company Strategy and Development Direction - The company remains focused on supporting customers while expanding its franchise, successfully activating 108 new customers during 2023 [68] - The company’s strategy includes a diversified and programmatic reinsurance approach, with approximately 93% of the portfolio reinsured by year-end 2023 [37] Management's Comments on Operating Environment and Future Outlook - Management expressed a constructive long-term outlook for housing, citing supply and demand imbalances and favorable demographic trends as foundational support for home prices [50] - The company is well-positioned for various economic scenarios, emphasizing that credit quality drives long-term performance rather than interest rates [6][66] Other Important Information - The company repurchased approximately 1.5 million shares for $66 million in 2023 and announced a 12% increase in its quarterly dividend to $0.28 per share [12][13] - The effective tax rate for the full year 2023 was 15.4%, with an estimated rate of approximately 15.5% for 2024 [21] Q&A Session Summary Question: What are the best and worst scenarios for the company moving forward? - Management indicated that credit quality is the primary concern, with a focus on maintaining strong employment levels to support performance [5][40] Question: Why was the cure rate lower this quarter? - Management noted that the decline in the cure rate was influenced by the end of frictionless forbearance, which had previously allowed borrowers to delay payments [32][70] Question: How are recent vintages performing compared to historical vintages? - Management highlighted that the average FICO score of the Insurance In-Force is strong at 746, indicating good credit quality across the portfolio [80]

Essent Group (ESNT) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.14%. A quarter ago, it was expected that this mortgage insurance and reinsurance holding company would post earnings of $1.57 per share when it actually produced earnings of $1.66, delivering a surprise of 5.73%.Ove ...