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ESNT

Essent Group Ltd.

ESNT

Essent Group Ltd. • NYSE
$62.76 ▼ -0.37% (-0.23)
Market Cap $6.07 B
52w High $65.90
52w Low $51.61
Dividend Yield 1.21%
P/E 9.12
Volume 338.54K
Outstanding Shares 96.67M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $318.725M ▼ $74.644M ▼ $164.215M ▼ 51.522% ▼ $1.69 ▼ $208.675M ▼
Q2-2025 $326.053M ▲ $77.823M ▼ $195.339M ▲ 59.91% ▲ $1.95 ▲ $240.664M ▲
Q1-2025 $324.066M ▼ $85.78M ▼ $175.433M ▲ 54.135% ▲ $1.71 ▲ $216.52M ▲
Q4-2024 $339.275M ▲ $103.35M ▲ $167.9M ▼ 49.488% ▼ $1.6 ▼ $204.532M ▼
Q3-2024 $316.578M $78.338M $176.175M 55.65% $1.67 $220.524M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $91.411M ▼ $7.352B ▲ $1.613B ▲ $5.739B ▲
Q2-2025 $6.059B ▼ $7.221B ▲ $1.548B ▲ $5.673B ▲
Q1-2025 $6.09B ▲ $7.205B ▲ $1.545B ▲ $5.659B ▲
Q4-2024 $6.008B ▼ $7.112B ▼ $1.508B ▲ $5.604B ▼
Q3-2024 $6.06B $7.127B $1.486B $5.641B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $164.215M ▼ $215.857M ▲ $-64.37M ▲ $-152.192M ▲ $-705K ▲ $210.596M ▲
Q2-2025 $195.339M ▲ $189.537M ▼ $-104.109M ▼ $-201.378M ▼ $-115.95M ▼ $188.795M ▼
Q1-2025 $175.433M ▲ $221.567M ▼ $55.533M ▲ $-200.514M ▼ $76.586M ▲ $221.346M ▲
Q4-2024 $167.9M ▼ $226.705M ▼ $-107.905M ▲ $-96.626M ▼ $22.174M ▲ $215.984M ▼
Q3-2024 $176.175M $229.201M $-343.749M $26.452M $-88.096M $228.698M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025
Corporate Segment
Corporate Segment
 $30.00M ▲$30.00M ▲$30.00M ▲
Mortgage Insurance Segment
Mortgage Insurance Segment
 $290.00M ▲$290.00M ▲$280.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Essent’s income statement shows a business that has grown steadily while staying very profitable. Revenue has climbed over the past five years, with only minor bumps, and earnings have been consistently strong. One year stands out as unusually high for profit, likely helped by very favorable credit conditions, but even after that one‑off spike, profit levels remain healthy. Overall, Essent looks like a company that converts its revenue into bottom‑line earnings efficiently, with disciplined expense control and solid underwriting results.

Balance Sheet

Balance Sheet The balance sheet looks solid and conservative for an insurer. Assets and shareholders’ equity have grown steadily, showing that the company has been building its financial base over time. Debt is present but modest relative to the size of the business, which supports financial flexibility. Cash on hand is not large, but that is typical for an insurer that primarily holds investment portfolios rather than idle cash. Altogether, the balance sheet suggests resilience and room to absorb shocks in a housing or credit downturn.

Cash Flow

Cash Flow Cash generation is a key strength. Operating cash flow has been consistently strong and closely matches free cash flow, because Essent has very light capital spending needs. This means most of the cash coming in from the business is available for things like strengthening the balance sheet, paying dividends, buying back shares, or pursuing growth initiatives. The stability of cash flows over several years is a positive sign for an insurer exposed to economic cycles, though a severe housing downturn could still pressure future cash generation.

Competitive Edge

Competitive Edge Essent holds a strong position in U.S. mortgage insurance, helped by a disciplined risk culture and a sophisticated use of reinsurance. Its “buy, manage & distribute” model shifts a meaningful share of risk to reinsurers and capital markets, which can smooth earnings and protect capital in bad times. The proprietary EssentEDGE® pricing engine, which uses more advanced data and analytics than traditional models, helps it price risk more precisely and win business with lenders. Diversification into title insurance and third‑party mortgage reinsurance adds additional income streams and deepens relationships across the housing ecosystem, though it also adds integration and execution risk. Overall, Essent appears to have a credible moat built on underwriting skill, analytics, and capital management rather than on sheer scale alone.

Innovation and R&D

Innovation and R&D Essent’s “R&D” is centered on analytics, software, and process innovation rather than physical products. EssentEDGE® is the flagship example: a cloud‑based, machine‑learning pricing and underwriting platform that keeps getting refined with more data and better models. The company is also investing in automation and data tools to speed underwriting and reduce costs, and in platforms that support its title and reinsurance businesses. These efforts can sharpen risk selection, improve customer experience, and support expansion into adjacent markets—but they require ongoing investment and careful model governance, especially as credit conditions change.

Summary

Essent comes across as a financially strong, highly profitable mortgage insurer with disciplined risk management and reliable cash generation. Its balance sheet and reinsurance strategy are designed to cushion the impact of housing and credit cycles, while its analytics platform and technology investments give it a differentiated edge in underwriting and pricing. Strategic moves into title insurance and third‑party reinsurance broaden its opportunity set and may smooth earnings over time, though they also add complexity. The main uncertainties remain tied to the health of the housing market, borrower credit performance, interest rates, and regulatory changes, but within that environment, Essent appears well‑positioned and thoughtfully managed.

NEWS

November 7, 2025 · 6:30 AM UTC

Essent Group Ltd. Announces Third Quarter 2025 Results and Declares Quarterly Dividend

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October 17, 2025 · 6:30 AM UTC

Essent Group Ltd. Schedules Third Quarter Earnings Conference Call for November 7, 2025

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October 2, 2025 · 8:00 AM UTC

Enphase Energy Announces Collaboration with Essent in the Netherlands

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