Exhibit 99.1

Essent Group Ltd. Announces Second Quarter 2025 Results and Declares Quarterly Dividend
HAMILTON, Bermuda--(BUSINESS WIRE)--August 8, 2025--Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended June 30, 2025 of $195.3 million or $1.93 per diluted share, compared to $203.6 million or $1.91 per diluted share for the quarter ended June 30, 2024.
Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.31 per common share. The dividend is payable on September 10, 2025, to shareholders of record on August 29, 2025.

“We are pleased with our second quarter 2025 financial results, which reflect continued strength in credit, elevated portfolio persistency and increased investment income,” said Mark A. Casale, Chairman and Chief Executive Officer. “Essent’s consistent execution and resilient operating model continue to drive high-quality earnings and growth in book value per share. Our capital position remains strong, and we remain committed to deploying capital efficiently to enhance shareholder returns and support long-term value creation.”
Financial Highlights:
•New insurance written for the second quarter of 2025 was $12.5 billion, compared to $9.9 billion in the first quarter of 2025 and $12.5 billion in the second quarter of 2024.

•Insurance in force as of June 30, 2025 was $246.8 billion, compared to $244.7 billion as of March 31, 2025 and $240.7 billion as of June 30, 2024.

•Net investment income for the first half of 2025 was $117.5 million, up 9% from the first half of 2024.

•On August 6, 2025, Moody's Ratings upgraded the insurance financial strength rating of Essent Guaranty, Inc. to A2 from A3 and the senior unsecured debt rating of Essent Group Ltd. to Baa2 from Baa3. At the same time, the rating outlook for these entities was revised to stable.

•As previously disclosed, during the second quarter of 2025, Essent entered into two excess of loss reinsurance agreements with panels of highly rated third-party reinsurers. These agreements cover 20% of all eligible policies written by Essent Guaranty, Inc. in calendar years 2025 and 2026, effective July 1 of each year.

•Also, as previously disclosed, during the second quarter of 2025, Essent Guaranty, Inc. increased the ceding percentage on our affiliate quota share with Essent Reinsurance Ltd. from 35% to 50% retroactive to new insurance written from January 1, 2025.

•Year-to-date through July 31st, Essent has repurchased 6.8 million common shares for $387 million. As of July 31st, $260 million remains under the $500 million repurchase plan authorized by the Board in February 2025.

Conference Call:
Essent management will hold a conference call at 10:00 AM Eastern time today to discuss its results. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent.

A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year. A replay of the conference call will be available approximately two hours after the call ends for a period of two weeks, using the following dial-in numbers and passcode: 800-770-2030 inside the U.S., or 647-362-9199 for international callers, passcode 9824537.
In addition to the information provided in the Company's earnings news release, other statistical and financial information, which may be referred to during the conference call, will be available on Essent's website at http://ir.essentgroup.com/financials/quarterly-results/default.aspx.
Forward-Looking Statements:
This press release 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 thereof or variations thereon or similar terminology. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, the following: changes in or to Fannie Mae and Freddie Mac (the “GSEs”), whether through Federal legislation, restructurings or a shift in business practices; failure to continue to meet the mortgage insurer eligibility requirements of the GSEs; competition for customers or the loss of a significant customer; lenders or investors seeking alternatives to private mortgage insurance; an increase in the number of loans insured through Federal government mortgage insurance programs; decline in the volume of low down payment mortgage originations; uncertainty of loss reserve estimates; decrease in the length of time our insurance policies are in force; deteriorating economic conditions; and other risks and factors described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on February 19, 2025, as subsequently updated through other reports we file with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
About the Company:
Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, “Essent”) offering private mortgage insurance, reinsurance, and title insurance and settlement services to serve the housing finance industry. Additional information regarding Essent may be found at www.essentgroup.com.




Source: Essent Group Ltd.
Media Contact
610.230.0556
media@essentgroup.com

Investor Relations Contact
Philip Stefano
Vice President, Investor Relations
855-809-ESNT
ir@essentgroup.com


Essent Group Ltd. and Subsidiaries
Financial Results and Supplemental Information (Unaudited)
Quarter Ended June 30, 2025
Exhibit ACondensed Consolidated Statements of Comprehensive Income (Unaudited)
Exhibit BCondensed Consolidated Balance Sheets (Unaudited)
Exhibit CConsolidated Historical Quarterly Data
Exhibit DU.S. Mortgage Insurance Portfolio Historical Quarterly Data
Exhibit ENew Insurance Written - U.S. Mortgage Insurance Portfolio
Exhibit FInsurance in Force and Risk in Force - U.S. Mortgage Insurance Portfolio
Exhibit GOther Risk in Force
Exhibit HU.S. Mortgage Insurance Portfolio Vintage Data
Exhibit IU.S. Mortgage Insurance Portfolio Reinsurance Vintage Data
Exhibit JU.S. Mortgage Insurance Portfolio Geographic Data
Exhibit KRollforward of Defaults and Reserve for Losses and LAE - U.S. Mortgage Insurance Portfolio
Exhibit LDetail of Reserves by Default Delinquency - U.S. Mortgage Insurance Portfolio
Exhibit MInvestments Available for Sale
Exhibit NU.S. Mortgage Insurance Company Capital
Exhibit OHistorical Quarterly Segment Information



Exhibit A
Essent Group Ltd. and Subsidiaries
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
Three Months Ended June 30,Six Months Ended June 30,
(In thousands, except per share amounts)2025202420252024
Revenues:
Direct premiums written$274,872 $272,910 $547,266 $541,841 
Ceded premiums(33,384)(27,344)(67,507)(57,735)
Net premiums written241,488 245,566 479,759 484,106 
Decrease in unearned premiums7,321 6,325 14,898 13,375 
Net premiums earned248,809 251,891 494,657 497,481 
Net investment income59,289 56,086 117,499 108,171 
Realized investment gains (losses), net(129)(1,164)(310)(2,304)
Income (loss) from other invested assets4,466 (419)11,874 (2,334)
Other income6,708 6,548 12,981 10,285 
Total revenues319,143 312,942 636,701 611,299 
Losses and expenses:
Provision (benefit) for losses and LAE17,055 (334)48,342 9,579 
Other underwriting and operating expenses62,765 66,202 133,889 133,042 
Interest expense8,148 7,849 16,296 15,711 
Total losses and expenses87,968 73,717 198,527 158,332 
Income before income taxes231,175 239,225 438,174 452,967 
Income tax expense35,836 35,616 67,402 67,639 
Net income$195,339 $203,609 $370,772 $385,328 
Earnings per share:
Basic$1.95 $1.93 $3.65 $3.65 
Diluted1.93 1.91 3.62 3.61 
Weighted average shares outstanding:
Basic100,037 105,657 101,451 105,677 
Diluted101,059 106,778 102,495 106,774 
Net income$195,339 $203,609 $370,772 $385,328 
Other comprehensive income (loss):
Change in unrealized appreciation (depreciation) of investments16,580 (5,375)88,318 (27,141)
Total other comprehensive income (loss)16,580 (5,375)88,318 (27,141)
Comprehensive income$211,919 $198,234 $459,090 $358,187 


Exhibit B
Essent Group Ltd. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
June 30,December 31,
(In thousands, except per share amounts)20252024
Assets
Investments
Fixed maturities available for sale, at fair value$5,383,504 $5,112,697 
Short-term investments available for sale, at fair value583,033 764,024 
Total investments available for sale5,966,537 5,876,721 
Other invested assets359,823 303,900 
Total investments6,326,360 6,180,621 
Cash92,116 131,480 
Accrued investment income45,940 43,732 
Accounts receivable52,340 55,564 
Deferred policy acquisition costs9,237 9,653 
Property and equipment42,434 41,871 
Prepaid federal income tax497,356 489,600 
Goodwill and acquired intangible assets, net78,855 79,556 
Other assets75,923 79,572 
Total assets$7,220,561 $7,111,649 
Liabilities and Stockholders' Equity
Liabilities
Reserve for losses and LAE$364,749 $328,866 
Unearned premium reserve102,382 115,983 
Net deferred tax liability427,202 392,428 
Senior notes due 2029, net494,630 493,959 
Other accrued liabilities158,750 176,755 
Total liabilities1,547,713 1,507,991 
Commitments and contingencies
Stockholders' Equity
Common shares, $0.015 par value:
Authorized - 233,333; issued and outstanding - 99,556 shares in 2025 and 105,015 shares in 20241,493 1,575 
Additional paid-in capital888,337 1,214,956 
Accumulated other comprehensive loss(215,666)(303,984)
Retained earnings4,998,684 4,691,111 
Total stockholders' equity 5,672,848 5,603,658 
Total liabilities and stockholders' equity$7,220,561 $7,111,649 
Return on average equity (1)13.2%13.6%
(1) The 2025 return on average equity is calculated by dividing annualized year-to-date 2025 net income by average equity. The 2024 return on average equity is calculated by dividing full year 2024 net income by average equity.



Exhibit C
Essent Group Ltd. and Subsidiaries
Supplemental Information
Consolidated Historical Quarterly Data
20252024
Selected Income Statement DataJune 30March 31December 31September 30June 30
(In thousands, except per share amounts)
Revenues:
Net premiums earned:
U.S. Mortgage Insurance Portfolio$220,261 $218,125 $211,683 $214,119 $217,513 
GSE and other risk share13,646 15,505 16,180 17,130 17,745 
Title insurance14,902 12,218 16,602 17,687 16,633 
Net premiums earned248,809 245,848 244,465 248,936 251,891 
Net investment income59,289 58,210 56,559 57,340 56,086 
Realized investment gains (losses), net(129)(181)(114)68 (1,164)
Income (loss) from other invested assets4,466 7,408 6,889 2,820 (419)
Other income (1)
6,708 6,273 7,228 7,414 6,548 
Total revenues319,143 317,558 315,027 316,578 312,942 
Losses and expenses:
Provision (benefit) for losses and LAE17,055 31,287 40,975 30,666 (334)
Other underwriting and operating expenses62,765 71,124 70,951 66,881 66,202 
Interest expense8,148 8,148 8,151 11,457 7,849 
Total losses and expenses87,968 110,559 120,077 109,004 73,717 
Income before income taxes231,175 206,999 194,950 207,574 239,225 
Income tax expense (2)
35,836 31,566 27,050 31,399 35,616 
Net income$195,339 $175,433 $167,900 $176,175 $203,609 
Earnings per share:
   Basic$1.95 $1.71 $1.60 $1.67 $1.93 
   Diluted1.93 1.69 1.58 1.65 1.91 
Weighted average shares outstanding:
   Basic100,037 102,881 104,963 105,266 105,657 
   Diluted101,059 103,946 106,104 106,554 106,778 
Book value per share$56.98 $55.22 $53.36 $53.11 $50.58 
Return on average equity (annualized)13.8 %12.5 %11.9 %12.8 %15.4 %
Borrowings
Borrowings outstanding$500,000 $500,000 $500,000 $500,000 $425,000 
Undrawn committed capacity$500,000 $500,000 $500,000 $500,000 $400,000 
Weighted average interest rate (end of period)
6.25 %6.25 %6.25 %6.25 %7.07 %
Debt-to-capital8.10 %8.12 %8.19 %8.14 %7.32 %
(1) Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements, which for the quarters ended June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024, and June 30, 2024 were ($29), ($150), $204, ($1,173), and $732, respectively.
(2) Income tax expense for the quarters ended June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024, and June 30, 2024 includes $1,112, $1,561, $1,591, $475, and $556, respectively, of discrete tax expense associated with realized and unrealized gains. Income tax expense for the quarter ended March 31, 2025 also includes ($742) of excess tax benefits associated with the vesting of common shares and common share units.


Exhibit D
Essent Group Ltd. and Subsidiaries
Supplemental Information
U.S. Mortgage Insurance Portfolio Historical Quarterly Data
20252024
Other Data:June 30March 31December 31September 30June 30
($ in thousands)
U.S. Mortgage Insurance Portfolio
New insurance written$12,544,731 $9,945,336 $12,220,968 $12,513,695 $12,503,125 
New risk written$3,357,820 $2,698,639 $3,297,296 $3,437,465 $3,449,623 
Average insurance in force$245,747,813 $244,005,459 $243,236,830 $242,065,632 $239,538,571 
Insurance in force (end of period)$246,797,619 $244,692,492 $243,645,423 $242,976,043 $240,669,165 
Gross risk in force (end of period) (1)
$67,683,239 $67,026,626 $66,613,517 $66,237,992 $65,269,064 
Risk in force (end of period)$56,811,096 $56,565,811 $56,477,150 $55,915,640 $55,521,538 
Policies in force812,182 811,342 813,013 815,507 814,237 
Weighted average coverage (2)
27.4 %27.4 %27.3 %27.3 %27.1 %
Annual persistency85.8 %85.7 %85.7 %86.6 %86.7 %
Loans in default (count)17,255 17,759 18,439 15,906 13,954 
Percentage of loans in default2.12 %2.19 %2.27 %1.95 %1.71 %
U.S. Mortgage Insurance Portfolio premium rate:
   Base average premium rate (3)
0.41%0.41%0.41%0.41%0.41%
   Single premium cancellations (4)
—%—%—%—%—%
  Gross average premium rate0.41%0.41%0.41%0.41%0.41%
  Ceded premiums(0.05%)(0.05%)(0.06%)(0.06%)(0.05%)
    Net average premium rate0.36%0.36%0.35%0.35%0.36%
(1) Gross risk in force includes risk ceded under third-party reinsurance.
(2) Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force.
(3) Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period.
(4) Single premium cancellations is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period.



Exhibit E
Essent Group Ltd. and Subsidiaries
Supplemental Information - U.S. Mortgage Insurance Portfolio
New Insurance Written
NIW by Credit Score
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
($ in thousands)
>=760$6,274,130 50.0%$5,451,182 43.6%$11,016,229 49.0%$9,047,782 43.4%
740-7592,008,226 16.0 2,165,026 17.3 3,734,281 16.6 3,575,472 17.2 
720-7391,598,919 12.8 1,819,751 14.6 2,898,918 12.8 3,064,399 14.7 
700-7191,320,817 10.5 1,585,167 12.7 2,485,800 11.1 2,725,597 13.1 
680-699731,994 5.8 870,054 7.0 1,306,651 5.8 1,433,473 6.9 
<=679610,645 4.9 611,945 4.8 1,048,188 4.7 979,946 4.7 
Total$12,544,731 100.0%$12,503,125 100.0%$22,490,067 100.0%$20,826,669 100.0%
Weighted average credit score753 748 752 748 
NIW by LTV
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
($ in thousands)
85.00% and below$1,124,637 9.0%$854,349 6.8%$1,863,256 8.3%$1,414,248 6.8%
85.01% to 90.00%2,957,886 23.6 2,423,665 19.4 5,236,176 23.3 4,155,796 20.0 
90.01% to 95.00%6,393,500 50.9 6,874,853 55.0 11,669,518 51.9 11,392,508 54.7 
95.01% and above2,068,708 16.5 2,350,258 18.8 3,721,117 16.5 3,864,117 18.5 
Total$12,544,731 100.0%$12,503,125 100.0%$22,490,067 100.0%$20,826,669 100.0%
Weighted average LTV93%93%93%93%
NIW by Product
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Single premium policies1.3%1.3%1.4%1.6%
Monthly premium policies98.7 98.798.6 98.4
100.0%100.0%100.0%100.0%
NIW by Purchase vs. Refinance
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Purchase92.6%97.8%93.4%97.6%
Refinance7.4 2.26.6 2.4
100.0%100.0%100.0%100.0%


Exhibit F
Essent Group Ltd. and Subsidiaries
Supplemental Information
Insurance in Force and Risk in Force - U.S. Mortgage Insurance Portfolio
Portfolio by Credit Score
IIF by FICO scoreJune 30, 2025March 31, 2025June 30, 2024
($ in thousands)
>=760$101,554,517 41.1%$100,017,207 40.9%$97,668,435 40.6%
740-75943,146,312 17.5 42,848,390 17.5 41,915,598 17.4 
720-73938,115,925 15.4 37,970,066 15.5 37,678,804 15.7 
700-71932,789,773 13.3 32,765,594 13.4 32,331,564 13.4 
680-69919,666,338 8.0 19,667,828 8.0 19,751,956 8.2 
<=67911,524,754 4.7 11,423,407 4.7 11,322,808 4.7 
Total$246,797,619 100.0%$244,692,492 100.0%$240,669,165 100.0%
Weighted average credit score746 746 746 
Gross RIF by FICO scoreJune 30, 2025March 31, 2025June 30, 2024
($ in thousands)
>=760$27,578,860 40.8%$27,126,072 40.5%$26,238,140 40.2%
740-75911,989,491 17.7 11,894,259 17.7 11,525,987 17.7 
720-73910,584,541 15.6 10,535,428 15.7 10,362,021 15.9 
700-7199,136,075 13.5 9,113,238 13.6 8,899,342 13.6 
680-6995,434,287 8.0 5,425,408 8.1 5,382,312 8.2 
<=6792,959,985 4.4 2,932,221 4.4 2,861,262 4.4 
Total$67,683,239 100.0%$67,026,626 100.0%$65,269,064 100.0%
Portfolio by LTV
IIF by LTVJune 30, 2025March 31, 2025June 30, 2024
($ in thousands)
85.00% and below$14,309,342 5.8%$14,375,166 5.9%$16,927,111 7.0%
85.01% to 90.00%59,432,276 24.1 59,985,533 24.5 61,774,991 25.7 
90.01% to 95.00%130,210,803 52.7 128,443,227 52.5 123,414,332 51.3 
95.01% and above42,845,198 17.4 41,888,566 17.1 38,552,731 16.0 
Total$246,797,619 100.0%$244,692,492 100.0%$240,669,165 100.0%
Weighted average LTV93%93%93%
Gross RIF by LTVJune 30, 2025March 31, 2025June 30, 2024
($ in thousands)
85.00% and below$1,689,437 2.5%$1,701,075 2.5%$2,010,864 3.1%
85.01% to 90.00%14,653,527 21.7 14,799,254 22.1 15,238,201 23.3 
90.01% to 95.00%38,402,295 56.7 37,888,529 56.5 36,405,573 55.8 
95.01% and above12,937,980 19.1 12,637,768 18.9 11,614,426 17.8 
Total$67,683,239 100.0%$67,026,626 100.0%$65,269,064 100.0%
Portfolio by Loan Amortization Period
IIF by Loan Amortization PeriodJune 30, 2025March 31, 2025June 30, 2024
($ in thousands)
FRM 30 years and higher$241,225,436 97.8%$239,398,817 97.8%$235,138,420 97.7%
FRM 20-25 years1,024,884 0.4 1,042,318 0.4 1,322,021 0.5 
FRM 15 years1,465,011 0.6 1,285,597 0.5 1,276,780 0.5 
ARM 5 years and higher3,082,288 1.2 2,965,760 1.3 2,931,944 1.3 
Total$246,797,619 100.0%$244,692,492 100.0%$240,669,165 100.0%


Exhibit G
Essent Group Ltd. and Subsidiaries
Supplemental Information
Other Risk in Force
20252024
($ in thousands)June 30March 31December 31September 30June 30
GSE and other risk share (1):
Risk in Force$2,321,008 $2,220,477 $2,240,284 $2,254,726 $2,304,885 
Reserve for losses and LAE$88 $52 $51 $37 $33 
Weighted average credit score751 751 751 750 750 
Weighted average LTV83%82%82%82%82%
(1) GSE and other risk share includes GSE risk share and other reinsurance transactions. Essent Reinsurance Ltd. ("Essent Re") provides insurance or reinsurance relating to the risk in force on loans in reference pools acquired by Freddie Mac and Fannie Mae.




Exhibit H
Essent Group Ltd. and Subsidiaries
Supplemental Information
U.S. Mortgage Insurance Portfolio Vintage Data
June 30, 2025
Insurance in Force
YearOriginal
Insurance
Written
($ in thousands)		Remaining
Insurance
in Force
($ in thousands)		% Remaining of Original
Insurance		Number of Policies in ForceWeighted Average Coupon% Purchase>90% LTV>95% LTVFICO < 700FICO >= 760Incurred Loss Ratio (Inception to Date) (1)Number of Loans in DefaultPercentage of Loans in Default
2010 - 2015$86,862,507 $1,602,905 1.8 %8,846 4.28%68.9%50.9%2.0%11.8%47.1%2.3%3674.15 %
201634,949,319 1,371,056 3.9 8,027 4.0380.365.618.317.740.32.03564.44 
201743,858,322 3,133,022 7.1 19,675 4.3190.582.725.721.136.32.98484.31 
201847,508,525 4,164,462 8.8 24,485 4.8295.177.628.722.431.53.81,1184.57 
201963,569,183 9,278,080 14.6 46,606 4.2589.874.126.619.334.43.51,5123.24 
2020107,944,065 31,595,082 29.3 128,859 3.2175.066.615.710.845.22.72,3301.81 
202184,218,250 45,343,252 53.8 155,311 3.1191.269.917.813.840.16.33,4892.25 
202263,061,262 48,421,149 76.8 141,804 5.0998.367.011.812.539.518.33,4862.46 
202347,666,852 38,646,995 81.1 110,926 6.6198.873.319.111.138.319.72,5182.27 
202445,561,332 41,260,566 90.6 110,953 6.7194.972.920.112.242.516.81,1791.06 
2025 (through June 30)22,490,067 21,981,050 97.7 56,690 6.7393.468.516.810.648.55.6520.09 
Total$647,689,684 $246,797,619 38.1 812,182 5.0892.370.117.412.641.15.317,255 2.12 
(1) Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned.



Essent Group Ltd. and SubsidiariesExhibit I
Supplemental Information
U.S. Mortgage Insurance Portfolio Reinsurance Vintage Data
June 30, 2025
($ in thousands)
Insurance Linked Notes (1)
Earned Premiums Ceded
Deal NameVintageRemaining
Insurance
in Force		Remaining
Risk
in Force		Original
Reinsurance in Force		Remaining
Reinsurance in Force		Losses
Ceded
to Date		Original
First Layer
Retention		Remaining
First Layer
Retention		Quarter-to-DateYear-to-DateReduction in PMIERs Minimum Required Assets (3)
Radnor Re 2021-1Aug. 2020 - Mar. 2021$21,095,901 $5,826,753 $557,911 $139,755 $— $278,956 $277,158 $1,390 $2,781 $100,347 
Radnor Re 2021-2Apr. 2021 - Sep. 202126,864,364 7,566,871 439,407 228,819 — 279,415 273,926 3,027 6,056 196,844 
Radnor Re 2022-1Oct. 2021 - Jul. 202226,046,456 7,171,205 237,868 146,841 — 303,761 297,208 3,260 6,531 135,094 
Radnor Re 2023-1Aug. 2022 - Jun. 202326,469,770 7,268,636 281,462 235,647 — 281,463 278,466 3,111 6,201 223,394 
Radnor Re 2024-1Jul. 2023 - Jul. 202427,346,263 7,567,326 363,366 297,147 — 256,495 256,437 2,949 5,883 219,889 
Total$127,822,754 $35,400,791 $1,880,014 $1,048,209 $— $1,400,090 $1,383,195 $13,737 $27,452 $875,568 
Excess of Loss Reinsurance (2)
Earned Premiums Ceded
Deal NameVintageRemaining
Insurance
in Force		Remaining
Risk
in Force		Original
Reinsurance in Force		Remaining
Reinsurance in Force		Losses
Ceded
to Date		Original
First Layer
Retention		Remaining
First Layer
Retention		Quarter-to-DateYear-to-DateReduction in PMIERs Minimum Required Assets (3)
XOL 2019-1Jan. 2018 - Dec. 2018$4,124,729 $1,088,405 $118,650 $76,144 $— $253,643 $242,687 $620 $1,234 $— 
XOL 2020-1Jan. 2019 - Aug. 20195,279,113 1,397,295 55,102 29,152 — 215,605 211,235 249 495 — 
XOL 2022-1Oct. 2021 - Dec. 202259,046,810 16,186,034 141,992 141,992 — 507,114 489,255 1,593 3,168 137,727 
XOL 2023-1Jan. 2023 - Dec. 202334,703,053 9,630,585 36,627 36,627 — 366,270 364,437 434 863 35,219 
XOL 2024-1Jan. 2024 - Dec. 202438,318,310 10,531,084 58,005 58,005 — 331,456 331,178 651 1,294 56,081 
Total$141,472,015 $38,833,403 $410,376 $341,920 $— $1,674,088 $1,638,792 $3,547 $7,054 $229,027 
Quota Share Reinsurance (2)
Losses CededCeding CommissionEarned Premiums Ceded
YearCeding PercentageRemaining Insurance in ForceRemaining Risk in ForceRemaining Ceded Insurance in ForceRemaining Ceded Risk in ForceQuarter-to-DateYear-to-Date
Quarter-to-Date
Year-to-Date
Quarter-to-Date
Year-to-Date		Reduction in PMIERs Minimum Required Assets (3)
Sep. 2019 - Dec. 2020(4)$35,510,474 $9,763,057 $7,333,356 $1,988,498 $(375)$(615)$2,143 $4,394 $2,716 $5,722 $122,703 
Jan. 2022 - Dec. 202220%48,372,212 13,229,819 9,674,442 2,645,964 300 2,519 1,725 3,494 3,578 9,157 196,010 
Jan. 2023 - Dec. 202317.5%34,596,163 9,604,286 6,054,329 1,680,750 1,424 2,642 1,236 2,501 4,020 7,895 133,011 
Jan. 2024 - Dec. 202415%41,020,470 11,255,561 6,153,071 1,688,334 1,551 2,850 1,264 2,551 4,269 8,334 127,142 
Jan. 2025 - Dec. 202525%21,951,004 5,913,873 5,487,751 1,478,468 249 272 686 876 1,517 1,893 97,128 
Total$181,450,323 $49,766,596 $34,702,949 $9,482,014 $3,149 $7,668 $7,054 $13,816 $16,100 $33,001 $675,994 
(1) Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs").
(2) Reinsurance provided by panels of reinsurers.
(3) Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs.
(4) Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies.


Exhibit J
Essent Group Ltd. and Subsidiaries
Supplemental Information
U.S. Mortgage Insurance Portfolio Geographic Data
IIF by State
June 30, 2025March 31, 2025June 30, 2024
CA12.3%12.4%12.7%
FL12.0 11.9 11.6 
TX11.3 11.2 10.8 
CO4.0 4.0 4.1 
AZ3.9 3.9 3.8 
GA3.8 3.8 3.6 
WA3.4 3.4 3.4 
NC3.1 3.1 3.0 
NY2.6 2.6 2.5 
OH2.6 2.6 2.6 
All Others41.0 41.1 41.9 
Total100.0%100.0%100.0%
Gross RIF by State
June 30, 2025March 31, 2025June 30, 2024
CA12.3%12.4%12.6%
FL12.2 12.1 11.8 
TX11.5 11.5 11.1 
CO4.0 4.0 4.1 
AZ4.0 3.9 3.8 
GA3.9 3.8 3.7 
WA3.4 3.4 3.4 
NC3.1 3.1 3.0 
MI2.6 2.6 2.5 
UT2.6 2.5 2.4 
All Others40.4 40.7 41.6 
Total100.0%100.0%100.0%




Exhibit K
Essent Group Ltd. and Subsidiaries
Supplemental Information
Rollforward of Defaults and Reserve for Losses and LAE
U.S. Mortgage Insurance Portfolio
Rollforward of Insured Loans in Default
Three Months Ended
20252024
June 30March 31December 31September 30June 30
Beginning default inventory17,759 18,439 15,906 13,954 13,992 
Plus: new defaults (A)
8,810 9,664 11,136 9,984 8,119 
Less: cures(9,078)(10,173)(8,408)(7,819)(7,956)
Less: claims paid(215)(153)(183)(182)(183)
Less: rescissions and denials, net(21)(18)(12)(31)(18)
Ending default inventory17,255 17,759 18,439 15,906 13,954 
(A) New defaults remaining as of June 30, 2025
6,525 3,309 2,566 1,694 989 
        Cure rate (1)
26%66%77%83%88%
Total amount paid for claims (in thousands)$9,007 $6,330 $7,740 $5,749 $5,566 
Average amount paid per claim (in thousands)$42 $41 $42 $32 $30 
Severity67%70%68%58%60%
Rollforward of Reserve for Losses and LAE
Three Months Ended
20252024
($ in thousands)June 30March 31December 31September 30June 30
Reserve for losses and LAE at beginning of period$338,128 $310,156 $274,926 $246,107 $253,565 
Less: Reinsurance recoverables40,351 36,655 30,867 26,022 26,570 
Net reserve for losses and LAE at beginning of period297,777 273,501 244,059 220,085 226,995 
Add provision for losses and LAE occurring in:
Current period45,119 48,928 50,212 51,649 30,653 
Prior years(29,796)(18,208)(12,976)(21,836)(31,880)
Incurred losses and LAE during the period15,323 30,720 37,236 29,813 (1,227)
Deduct payments for losses and LAE occurring in:
Current period315 51 1,569 637 478 
Prior years8,799 6,393 6,225 5,202 5,205 
Loss and LAE payments during the period9,114 6,444 7,794 5,839 5,683 
Net reserve for losses and LAE at end of period303,986 297,777 273,501 244,059 220,085 
Plus: Reinsurance recoverables41,966 40,351 36,655 30,867 26,022 
Reserve for losses and LAE at end of period$345,952 $338,128 $310,156 $274,926 $246,107 
(1) The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%.


Exhibit L
Essent Group Ltd. and Subsidiaries
Supplemental Information
Detail of Reserves by Default Delinquency
U.S. Mortgage Insurance Portfolio
June 30, 2025
Number of
Policies in
Default		Percentage of
Policies in
Default		 Amount of Reserves Percentage of Reserves Defaulted RIF Reserves as a Percentage of
Defaulted RIF
($ in thousands)
Missed Payments:
Two payments5,634 33%$29,534 9%$436,738 7%
Three payments2,375 14 23,028 7 189,938 12 
Four to eleven payments6,644 38 134,497 42 561,051 24 
Twelve or more payments2,388 14 118,154 37 190,189 62 
Pending claims214 1 14,195 5 15,789 90 
Total case reserves17,255 100%319,408 100%$1,393,705 23%
IBNR23,956 
LAE2,588 
Total reserves for losses and LAE$345,952 
Average reserve per default:
Case$18.5 
Total$20.0 
Default Rate2.12%
3+ Month Default Rate1.43%
December 31, 2024
Number of
Policies in
Default		Percentage of
Policies in
Default		 Amount of ReservesPercentage of Reserves Defaulted RIFReserves as a Percentage of
Defaulted RIF
($ in thousands)
Missed Payments:
Two payments6,691 36%$32,672 11%$522,644 6%
Three payments3,154 17 26,278 9 250,696 10 
Four to eleven payments6,408 35 122,551 43 515,600 24 
Twelve or more payments2,022 11 93,269 33 153,376 61 
Pending claims164 1 11,174 4 12,478 90 
Total case reserves18,439 100 %285,944 100%$1,454,794 20%
IBNR21,446 
LAE2,766 
Total reserves for losses and LAE$310,156 
Average reserve per default:
Case$15.5 
Total$16.8 
Default Rate2.27%
3+ Month Default Rate1.44%
June 30, 2024
Number of
Policies in
Default		Percentage of
Policies in
Default		 Amount of ReservesPercentage of Reserves Defaulted RIFReserves as a Percentage of
Defaulted RIF
($ in thousands)
Missed Payments:
Two payments4,989 36%$25,458 11%$372,669 7%
Three payments2,035 14 17,938 9 153,207 12 
Four to eleven payments4,887 35 93,489 41 383,685 24 
Twelve or more payments1,908 14 82,529 36 135,616 61 
Pending claims135 1 7,562 3 8,540 89 
Total case reserves13,954 100 %226,976 100%$1,053,717 22%
IBNR17,023 
LAE2,108 
Total reserves for losses and LAE$246,107 
Average reserve per default:
Case$16.3 
Total$17.6 
Default Rate1.71%
3+ Month Default Rate1.10%


Exhibit M
Essent Group Ltd. and Subsidiaries
Supplemental Information
Investments Available for Sale
Investments Available for Sale by Asset Class
Asset ClassJune 30, 2025December 31, 2024
($ in thousands)Fair ValuePercentFair ValuePercent
U.S. Treasury securities$391,461 6.6%$547,290 9.3%
U.S. agency mortgage-backed securities1,172,715 19.7 1,125,436 19.2 
Municipal debt securities600,618 10.0 583,501 9.9 
Non-U.S. government securities62,166 1.0 69,798 1.2 
Corporate debt securities1,908,167 32.0 1,783,046 30.3 
Residential and commercial mortgage securities454,381 7.6 478,086 8.1 
Asset-backed securities796,065 13.4 631,959 10.8 
Money market funds580,964 9.7 657,605 11.2 
Total investments available for sale$5,966,537 100.0%$5,876,721 100.0%
Investments Available for Sale by Credit Rating
Rating (1)
June 30, 2025December 31, 2024
($ in thousands)Fair ValuePercentFair ValuePercent
Aaa$816,766 15.2%$2,513,014 48.1%
Aa11,815,159 33.7 101,809 2.0 
Aa2297,712 5.5 301,080 5.8 
Aa3289,201 5.3 271,069 5.2 
A1559,198 10.4 511,076 9.8 
A2461,980 8.6 411,999 7.9 
A3503,243 9.3 463,616 8.8 
Baa1210,077 3.9 218,454 4.2 
Baa2209,301 3.9 198,193 3.8 
Baa3149,083 2.8 151,729 2.9 
Below Baa373,853 1.4 77,077 1.5 
Total (2)
$5,385,573 100.0%$5,219,116 100.0%
(1) Based on ratings issued by Moody's, if available. S&P or Fitch rating utilized if Moody's not available.
(2) Excludes $580,964 and $657,605 of money market funds at June 30, 2025 and December 31, 2024, respectively.
Investments Available for Sale by Duration and Book Yield
Effective DurationJune 30, 2025December 31, 2024
($ in thousands)Fair ValuePercentFair ValuePercent
< 1 Year$1,431,564 24.0%$1,587,022 26.9%
1 to < 2 Years605,824 10.2 544,630 9.3 
2 to < 3 Years472,256 7.9 473,301 8.1 
3 to < 4 Years526,581 8.8 445,614 7.6 
4 to < 5 Years595,792 10.0 546,414 9.3 
5 or more Years2,334,520 39.1 2,279,740 38.8 
Total investments available for sale$5,966,537 100.0%$5,876,721 100.0%
Pre-tax investment income yield:
Three months ended3.85%
Six months ended June 30, 20253.81%
Cash and investments available for sale at the holding companies:
($ in thousands)
As of June 30, 2025$995,032 
As of December 31, 2024$1,052,900 


Exhibit N
Essent Group Ltd. and Subsidiaries
Supplemental Information
U.S. Mortgage Insurance Company Capital
20252024
June 30March 31December 31September 30June 30
($ in thousands)
U.S. Mortgage Insurance Subsidiaries (7):
Combined statutory capital (1)
$3,714,146 $3,642,374 $3,594,381 $3,584,580 $3,530,462 
Combined net risk in force (2)
$33,986,508 $34,968,089 $35,159,976 $34,893,957 $34,812,227 
Risk-to-capital ratios (3):
Essent Guaranty, Inc.9.2:19.6:19.8:110.0:110.2:1
Essent Guaranty of PA, Inc.N/AN/AN/A0.3:10.3:1
Combined (4)
N/AN/AN/A9.7:19.9:1
Essent Guaranty, Inc. PMIERs Data (5):
Available Assets$3,654,460 $3,628,675 $3,612,993 $3,598,725 $3,513,609 
Minimum Required Assets2,075,409 2,107,620 2,029,738 1,903,473 2,052,135 
PMIERs excess Available Assets$1,579,051 $1,521,055 $1,583,255 $1,695,252 $1,461,474 
PMIERs sufficiency ratio (6)
176%172%178%189%171%
Essent Reinsurance Ltd.:
Stockholder's equity (GAAP basis)$1,751,720 $1,780,924 $1,773,044 $1,826,901 $1,793,777 
Net risk in force (2)
$24,802,145 $23,482,726 $23,250,018 $23,003,846 $22,770,165 
(1) Combined statutory capital equals the sum of statutory capital of Essent Guaranty, Inc. plus Essent Guaranty of PA, Inc. when applicable, after eliminating the impact of intercompany transactions. Statutory capital is computed based on accounting practices prescribed or permitted by the Pennsylvania Insurance Department and the National Association of Insurance Commissioners Accounting Practices and Procedures Manual.
(2) Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established.
(3) The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital.
(4) When applicable, the combined risk-to-capital ratio equals the sum of the net risk in force of Essent Guaranty, Inc. and Essent Guaranty of PA, Inc. divided by the combined statutory capital.
(5) Data is based on our interpretation of the PMIERs as of the dates indicated.
(6) PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets.
(7) Essent Guaranty of PA, Inc. provided reinsurance to Essent Guaranty, Inc. on certain policies originated prior to April 1, 2019. Effective December 31, 2024, Essent Guaranty of PA commuted its outstanding risk in force back to Essent Guaranty and surrendered its insurance license. Combined statutory capital and combined net risk in force as of and subsequent to December 31, 2024 are for Essent Guaranty only.





Exhibit O
Essent Group Ltd. and Subsidiaries
Supplemental Information
Historical Quarterly Segment Information
(Unaudited)
The following tables set forth quarterly financial information for our reportable business segment, Mortgage Insurance, our Corporate & Other category and our consolidated results for the five quarters ending June 30, 2025 (unaudited). Our Corporate & Other category is used to reconcile our reportable business segment to consolidated results and includes business activities associated with our title insurance operations, income and losses from holding company treasury operations, and general corporate operating expenses not attributable to our operating segments.
Mortgage Insurance
20252024
June 30March 31December 31September 30June 30
($ in thousands)
Revenues:
Net premiums earned$233,907 $233,630 $227,863 $231,249 $235,258 
Net investment income48,892 47,630 46,191 46,241 46,708 
Realized investment gains (losses), net(124)(101)(120)73 (1,156)
Income (loss) from other invested assets3,619 3,209 2,925 3,132 1,633 
Other income3,523 4,501 3,884 3,706 4,662 
Total revenues289,817 288,869 280,743 284,401 287,105 
Losses and expenses:
Provision (benefit) for losses and LAE15,359 30,722 37,254 29,816 (1,225)
Compensation and benefits16,793 19,890 18,037 17,656 17,756 
Premium and other taxes6,000 5,574 5,968 5,863 5,568 
Ceding commission(6,910)(6,508)(6,547)(6,433)(5,715)
Other underwriting and operating expenses11,128 11,637 11,779 10,798 10,787 
Net operating expenses before allocations27,011 30,593 29,237 27,884 28,396 
Corporate expense allocations9,241 13,014 10,657 10,672 10,840 
Operating expenses after allocations36,252 43,607 39,894 38,556 39,236 
Income before income tax expense$238,206 $214,540 $203,595 $216,029 $249,094 
Loss Ratio (1)6.6 %13.1 %16.3 %12.9 %(0.5)%
Expense Ratio (2)15.5 %18.7 %17.5 %16.7 %16.7 %
Combined Ratio22.1 %31.8 %33.8 %29.6 %16.2 %
(1) Loss ratio is calculated by dividing the provision (benefit) for losses and LAE by net premiums earned.
(2) Expense ratio is calculated by dividing operating expenses after allocations by net premiums earned.



Exhibit O, continued
Essent Group Ltd. and Subsidiaries
Supplemental Information
Historical Quarterly Segment Information
(Unaudited)
Corporate & Other
20252024
June 30March 31December 31September 30June 30
($ in thousands)
Revenues:
Net premiums earned$14,902 $12,218 $16,602 $17,687 $16,633 
Net investment income10,397 10,580 10,368 11,099 9,378 
Realized investment gains (losses), net(5)(80)6 (5)(8)
Income (loss) from other invested assets847 4,199 3,964 (312)(2,052)
Other income3,185 1,772 3,344 3,708 1,886 
Total revenues29,326 28,689 34,284 32,177 25,837 
Losses and expenses:
Provision for losses and LAE1,696 565 3,721 850 891 
Compensation and benefits13,926 19,802 16,490 16,136 15,608 
Premium and other taxes495 1,329 569 432 370 
Other underwriting and operating expenses21,333 19,400 24,655 22,429 21,828 
Net operating expenses before allocations35,754 40,531 41,714 38,997 37,806 
Corporate expense allocations(9,241)(13,014)(10,657)(10,672)(10,840)
Operating expenses after allocations26,513 27,517 31,057 28,325 26,966 
Interest expense8,148 8,148 8,151 11,457 7,849 
Loss before income tax expense$(7,031)$(7,541)$(8,645)$(8,455)$(9,869)

Consolidated
20252024
June 30March 31December 31September 30June 30
($ in thousands)
Revenues:
Net premiums earned$248,809 $245,848 $244,465 $248,936 $251,891 
Net investment income59,289 58,210 56,559 57,340 56,086 
Realized investment gains (losses), net(129)(181)(114)68 (1,164)
Income (loss) from other invested assets4,466 7,408 6,889 2,820 (419)
Other income6,708 6,273 7,228 7,414 6,548 
Total revenues319,143 317,558 315,027 316,578 312,942 
Losses and expenses:
Provision (benefit) for losses and LAE17,055 31,287 40,975 30,666 (334)
Compensation and benefits30,719 39,692 34,527 33,792 33,364 
Premium and other taxes6,495 6,903 6,537 6,295 5,938 
Ceding commission(6,910)(6,508)(6,547)(6,433)(5,715)
Other underwriting and operating expenses32,461 31,037 36,434 33,227 32,615 
Total other underwriting and operating expenses62,765 71,124 70,951 66,881 66,202 
Interest expense8,148 8,148 8,151 11,457 7,849 
Income before income tax expense$231,175 $206,999 $194,950 $207,574 $239,225