Financial Data and Key Metrics Changes - For Q4 2021, the company reported net income of $181 million, up from $124 million a year ago, with diluted earnings per share of $1.64 compared to $1.10 in Q4 2020 [4][5] - Full-year 2021 net income was $682 million, or $6.11 per diluted share, with a return on average equity of 17% [5][8] - The insurance in force at year-end was $207 billion, a 4% increase from $199 billion at the end of 2020 [5][10] - The average weighted FICO score of the insurance portfolio was 745, with an average loan-to-value (LTV) ratio of 92% [5][8] Business Line Data and Key Metrics Changes - The net earned premium for Q4 2021 was $217 million, including $11.4 million from Essent Re's third-party business [10] - The average net premium rate for the U.S. mortgage insurance business remained unchanged at 40 basis points for Q4 2021 [11] - Persistency increased to 65.4% at the end of Q4 2021, up from 62.2% at the end of Q3 2021 [10] Market Data and Key Metrics Changes - The default rate decreased to 2.16% at year-end 2021, down from 3.93% at the end of 2020 [11][12] - The company has reinsurance coverage on 90% of its portfolio as of December 31, 2021 [5][8] Company Strategy and Development Direction - The company aims to optimize unit economics and generate high-quality earnings while managing capital effectively [4][5] - The introduction of the EssentEDGE pricing engine is expected to enhance competitive advantage through data analysis and machine learning [6][7] - The company is focused on leveraging technology to improve operational efficiency and customer experience [38] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for the housing market, citing strong demand and low unemployment as supportive factors [4][5] - The company anticipates continued opportunities in the housing finance and technology sectors, despite potential challenges from rising interest rates [36][42] - Management highlighted the importance of credit selection and risk management in navigating a potentially more aggressive lending environment [25][48] Other Important Information - The company returned over one-third of its earnings to shareholders through dividends and share repurchases in 2021 [8][9] - A $0.01 increase in the quarterly dividend was announced, marking a 25% increase from the previous year [9] Q&A Session Summary Question: Comments on competitive environment around pricing - Management noted consistent pricing in Q4 2021, with some market share fluctuations but maintained focus on credit selection rather than market share [18][19] Question: Thoughts on potential consolidation in the industry - Management believes consolidation is likely but requires a catalyst, with credit events being a potential trigger [20] Question: Managing credit risk in a competitive environment - Management emphasized the importance of their risk management tools and the ability to adjust pricing based on credit quality [23][24] Question: Drivers of operating expenses and future growth - Management indicated that personnel costs are a primary driver of expenses, with continued investments in technology and people [28] Question: Dividend versus buyback analysis - Management favors a balanced approach to capital distribution, prioritizing dividends while also considering share repurchases [30] Question: Impact of home price appreciation on affordability - Management acknowledged that rising home prices could affect affordability, particularly in certain markets, but believes core demand will remain strong [42][43] Question: Observations on lending standards in 2022 - Management noted that while lenders may want to loosen standards, GSE regulations act as a guardrail, maintaining credit quality [48][49]

ESSENT GROUP LTD. | NYSE: ESNT © 2022 Essent Group Ltd. All rights reserved. | essentgroup.com | 1 ESSENT GROUP LTD. INVESTOR PRESENTATION 4Q & FY-21 NYSE: ESNT February 11, 2022 Disclaimer 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," "anticipat ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, $0.015 par value ESNT New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commi ...

ESSENT GROUP LTD. | NYSE: ESNT © 2021 Essent Group Ltd. All rights reserved. | essentgroup.com | 1 ESSENT GROUP LTD. INVESTOR PRESENTATION 3Q21 NYSE: ESNT November 5, 2021 Disclaimer 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," "be ...

Essent Group Ltd. (NYSE:ESNT) Q3 2021 Earnings Conference Call November 5, 2021 10:00 AM ET Company Participants Chris Curran – Senior Vice President, Investor Relations Mark Casale – Chairman, President and Chief Executive Officer Larry McAlee – Senior Vice President and Chief Financial Officer Conference Call Participants Rick Shane – JPMorgan Mark DeVries – Barclays Mihir Bhatia – Bank of America Ryan Gilbert – BTIG Geoffrey Dunn – Dowling and Partners Bose George – KBW Operator Ladies and gentlemen, tha ...

� ESSENT® ESSENT GROUP LTD. | NYSE: ESNT © 2021 Essent Group Ltd. All rights reserved. | essentgroup.com | 1 ESSENT GROUP LTD. INVESTOR PRESENTATION 2Q21 NYSE: ESNT August 6, 2021 Disclaimer 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," "anticipa ...

Essent Group Ltd. (NYSE:ESNT) Q2 2021 Results Conference Call August 6, 2021 10:00 AM ET Company Participants Chris Curran - SVP, IR Mark Casale - Chairman and CEO Larry McAlee - CFO Conference Call Participants Mark DeVries - Barclays Rick Shane - JP Morgan Mihir Bhatia - Bank of America Bose George - KBW Douglas Harter - Credit Suisse Ryan Gilbert - BTIG Operator Good day and thank you for standing by. Welcome to the Essent Group Limited Second Quarter Earnings Call. [Operator Instructions] And please be ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, $0.015 par value ESNT New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission ...

Essent Group Ltd. (NYSE:ESNT) Q1 2021 Earnings Conference Call May 7, 2021 10:00 AM ET Company Participants Chris Curran – Senior Vice President-Investor Relations Mark Casale – Chairman and Chief Executive Officer Larry McAlee – Chief Financial Officer Conference Call Participants Mark DeVries – Barclays Doug Harter – Credit Suisse Rick Shane – JPMorgan Bose George – KBW Mihir Bhatia – Bank of America Ryan Gilbert – BTIG Phil Stefano – Deutsche Bank Operator Good day and thank you for standing by. Welcome ...

Company Overview - Essent Group Ltd has transformed its business model to a "Buy, Manage & Distribute" approach through programmatic reinsurance[2] - Essent Group Ltd's total Insurance In Force (IIF) was $197.1 billion as of March 31, 2021[2] - Essent Guaranty, Inc has a combined risk-to-capital ratio of 10.6:1 as of March 31, 2021[2] Financial Performance (Q1 2021) - The company's Net Income was $135.6 million[3] - The Combined Ratio was 34%[3] - The Return on Equity (ROE) was 13.9%[3] - Shareholders' Equity stood at $3.9 billion[3] - The PMIERs Sufficiency Ratio was 161%[3] Portfolio and Risk Management - 87% of the Insurance In Force (IIF) has reinsurance protection[3] - As of March 31, 2021, Essent has access to $2.0 billion in Insurance-Linked Notes (ILN)/Excess of Loss (XOL) reinsurance coverage[20] - As of March 31, 2021, Essent Guaranty, Inc had a PMIERs required asset amount of $1.9 billion and an excess asset amount of $1.1 billion, yielding a PMIERs sufficiency ratio of 161%[49]