v3.26.3
Nature of Operations and Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Effects of Reinsurance The following table summarizes the quota share reinsurance coverage that Essent Re has provided to Essent Guaranty for the respective NIW periods:
NIW Period
Ceding Percentage
January 1, 2025 to Present50%
January 1, 2021 to December 31, 202435%
Prior to January 1, 202125%
Premiums written and earned is comprised of the following for the periods presented:
Three Months Ended 
September 30,		Nine Months Ended 
September 30,
(In thousands)2026202520262025
Net premiums written:
Direct$279,916 $280,796 $831,706 $828,062 
Assumed
62,513 — 284,353 — 
Ceded (1)(39,555)(38,968)(111,231)(106,475)
Net premiums written$302,874 $241,828 $1,004,828 $721,587 
Net premiums earned:
Direct$283,013 $285,300 $843,577 $847,464 
Assumed
47,214 — 95,183 — 
Ceded (1)(39,555)(38,968)(111,231)(106,475)
Net premiums earned$290,672 $246,332 $827,529 $740,989 
(1)Net of profit commission.
The following table summarizes Essent Guaranty's quota share reinsurance agreements as of September 30, 2026:

QSR AgreementCoverage PeriodCeding Percentage
QSR-2019
September 1, 2019 - December 31, 2020
(1)
QSR-2022
January 1, 2022 - December 31, 2022
20%
QSR-2023January 1, 2023 - December 31, 202317.5%
QSR-2024
January 1, 2024 - December 31, 2024
15%
QSR-2025
January 1, 2025 - December 31, 2025
25%
QSR-2026
January 1, 2026 - December 31, 2026
25%
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(1)Under QSR-2019, Essent Guaranty cedes 36% of premiums on singles policies and 18% on all other policies.