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Essent Group Ltd.

ESNT Financial Insurance Specialty

Essent Group Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 1.45% from fiscal 2024.

Revenue
+13.6%
EPS
+7.18%
Free cash flow
+3.88%
Total debt
+0.27%

Quarter to June 2026, against a year earlier

68.60 0.74 −1.07%
Market cap
$6.2B
P/E
9.5×
Fwd P/E
8.8×
Dividend yield
1.98%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2025

  • Mortgage Insurance
  • Other, not broken out
  • Reinsurance

Every year since 2022 →

Insider Decisions last twelve months

Sold, $m 16.45
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 1 — — — 3 — 2 3 4 3 — —
Insider Ownership 4.56%

Capital & Financial Ratios $m

Size
Market Cap 6,170.00
Revenue ttm 1,322.99
Net income ttm 680.71
Free cash flow ttm 825.89
Net debt Q 421.64
Valuation
P/E 9.49
Forward P/E 8.84
Price / sales 4.71
Forward P/S Powerpack
Price / FCF 7.54
Price / book 1.10
Financial health
Current ratio Q 0.31
Debt / equity Q 0.09
Interest coverage Q 29.27
Growth
Revenue growth Q +13.64% (above 0%: growing)
Operating income growth Q −0.36% (below 0%: shrinking)
EPS, this year +8.83%
EPS, next year A +3.64%
Revenue, next year A +8.02%
EPS, past 5 yrs +12.20%
EPS, next 5 yrs A +5.28%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 67.99%
10-year low 10-year high
P/S against its own 10 years 27.39%
10-year low 10-year high
P/B against its own 10 years 35.06%
10-year low 10-year high

Dividends raised every year since 2019

Yield
1.98%
Annual rate
1.36
Payout ratio
19.0%
Growth, 2019–25
+26.7%/yr
  1. 0.30 ’19
  2. 0.64 ’20 +113
  3. 0.70 ’21 +9
  4. 0.86 ’22 +23
  5. 1.00 ’23 +16
  6. 1.12 ’24 +12
  7. 1.24 ’25 +11
  8. 1.40 ’26e +13
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 142 131 123 74
Receivables 63 56 51 170
Inventory — — — —
Other — — — —
205 187 174 244
2023 2024 2025 Q'26
Payables 400 445 539 776
ST’ Debt 422 — — —
Other — — — —
961 622 724 776

Compound Annual Growth %

10y 5y 3y
Sales 13.57% 5.71% 8.01%
Cash Flow 14.22% 3.30% 13.29%
Earnings 15.93% 10.81% (6.02%)
Book Value 17.79% 8.31% 8.86%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.77 Actual 2.08

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.75 1.67 Miss by 0.08
Q4 FY25 1.74 1.60 Miss by 0.14
Q1 FY26 1.75 1.82 Beat by 0.07
Q2 FY26 1.77 2.08 Beat by 0.31
Q3 FY26 1.88 — Reports 6 November 2026

EPS $

Mar Jun Sep Dec Year
’26 1.82 2.08 — — —
’25 1.69 1.93 1.67 1.60 6.90
’24 1.70 1.91 1.65 1.58 6.85
’23 1.59 1.61 1.66 1.64 6.50
’22 2.52 2.16 1.66 1.37 7.72
’21 1.21 1.42 1.84 1.64 6.11
’20 1.52 0.15 1.11 1.10 3.88
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 336 363 — — —
’25 318 319 312 312 1,261
’24 298 313 317 315 1,243
’23 256 260 296 297 1,110
’22 265 244 262 230 1,001
’21 245 243 284 257 1,029
’20 229 236 243 247 955
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 192 197 — — —
’25 222 190 216 229 856
’24 217 189 229 227 862
’23 185 168 195 215 763
’22 181 63 173 172 589
’21 188 152 178 191 709
’20 163 183 203 179 728
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 191 196 — — —
’25 221 189 211 228 849
’24 212 188 229 226 845
’23 184 167 194 213 759
’22 180 62 172 171 585
’21 187 152 177 190 707
’20 163 182 202 178 725
Fiscal quarters ending in the months shown.

Valuation

The price implies the dividend a share growing 18.7% a year for ten years.

Implied
18.7%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 458 577 719 868 955 1,029 1,001 1,110 1,243 1,261 1,323 +11.9% 1,362 1,425 1,589 +8.0%
Gross margin, % 68.15 70.03 77.41 77.14 52.26 80.76 100.30 76.88 71.67 67.77 64.51 (0.4) pt
EBT 312 399 547 659 490 822 988 823 855 822 821 +11.4%
EBT margin, % 68.06 69.13 76.00 75.97 51.31 79.95 98.74 74.16 68.83 65.18 62.04 (2.9) pt
Net income 223 380 467 556 413 682 831 696 729 690 681 +13.4%
Per share, $
Per share, $ Revenue 5.04 6.18 7.39 8.87 9.00 9.25 9.34 10.45 11.79 12.74 14.58 +10.8%
Earnings 2.45 4.07 4.80 5.68 3.89 6.13 7.75 6.56 6.92 6.97 7.23 +12.3%
Cash flow 3.02 3.95 6.42 6.03 6.86 6.38 5.49 7.18 8.17 8.65 9.19 +12.4%
Capex (0.03) (0.03) (0.04) (0.03) (0.02) (0.02) (0.04) (0.04) (0.16) (0.07) (0.09) +8.8%
Free cash flow 2.99 3.92 6.38 6.00 6.84 6.36 5.46 7.15 8.02 8.57 9.10 +12.4%
Book value 14.78 20.79 24.29 30.53 36.41 38.11 41.62 48.04 53.17 58.15 62.41 +16.4%
Shares, m 91 93 97 98 106 111 107 106 105 99 95 +1.0%
Valuation, ×
Valuation, × P/E 13.23 10.85 7.12 9.15 11.11 7.42 5.10 8.06 7.87 9.33 9.49 8.9
P/S 6.43 7.10 4.63 5.86 4.80 4.92 4.23 5.06 4.62 5.10 4.71 5.3
P/B 2.19 2.11 1.41 1.70 1.19 1.19 0.95 1.10 1.02 1.12 1.10 1.4
EV/Sales 6.59 7.45 4.85 6.30 5.37 5.66 5.00 5.70 5.25 5.73 — 5.8
EV/FCF 11.13 11.74 5.61 9.33 7.07 8.24 8.56 8.33 7.63 8.52 — 8.6
Cash, $m
Cash, $m Operating cash flow 275 369 625 590 728 709 589 763 862 856 834 +13.5%
Capex (3) (3) (4) (3) (2) (2) (4) (4) (17) (7) (8) +9.8%
Free cash flow 271 366 621 586 725 707 585 759 845 849 826 +13.5%
Balance, $m
Balance, $m Working capital (332) (518) (510) (527) (882) (985) (766) (756) (435) (549) (532) +5.7%
Net debt 172 454 383 387 548 762 772 280 362 372 422 +8.9%
Shareholders’ equity 1,344 1,940 2,366 2,985 3,863 4,236 4,462 5,103 5,604 5,757 5,663 +17.5%
Returns, %
Returns, % ROA 13.28 16.67 16.05 15.82 9.10 12.48 14.53 11.46 10.78 9.48 9.19 (3.8) pt
ROIC 12.87 10.54 12.66 12.40 7.07 10.39 11.99 9.91 9.33 8.71 8.77 (4.2) pt
ROE 18.08 23.13 21.71 20.77 12.06 16.84 19.12 14.56 13.63 12.15 12.01 (5.9) pt
People
People Employees 376 397 385 387 381 343 346 536 625 514 — +3.5%
Revenue/emp, $m 1.22 1.45 1.87 2.24 2.51 3.00 2.89 2.07 1.99 2.45 — +8.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Business profile

Updated

Essent Group serves the housing finance industry through mortgage insurance, reinsurance, title insurance and settlement services. It sells to mortgage lenders and other participants in home financing, serving borrowers and investors as well. The company was organized in Bermuda in 2008. Its holding company and reinsurance business are domiciled in Bermuda, while its mortgage insurance and title operations are headquartered in Radnor, Pennsylvania. Mark A. Casale is chairman, president and chief executive officer.

Private mortgage insurance protects lenders and mortgage investors against part of their loss if a borrower defaults. It can help a lender sell a low-down-payment loan to Fannie Mae or Freddie Mac, the government-sponsored enterprises that buy mortgages and guarantee mortgage-backed securities. Essent Guaranty provides this coverage on U.S. residential first-lien loans and also offers contract underwriting, which involves checking mortgage applications against customers’ lending guidelines.

Where the money comes from and where it goes Fiscal 2025

Fiscal 2025: revenue by segment, and margins
Mortgage Insurance 1,054 83.56%
Other, not broken out 118 9.34%
Reinsurance 90 7.11%
Gross margin 67.77%
Operating margin 67.77%
Pre-tax margin 65.18%

Revenue by segment since 2022

Essent Group Ltd. vs peers in Insurance Specialty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
FNF Fidelity National Financial, Inc. $11.5B 15.2× 9.3× +11.44% (above 0%: growing) +9.80% (above 0%: growing) −1.24% (below 0%: shrinking) 53.15% 9.85% Compare
AXS Axis Capital Holdings Limited $7.7B 8.0× 8.2× +6.91% (above 0%: growing) −24.09% (below 0%: shrinking) +31.71% (above 0%: growing) 24.75% 14.68% Compare
FAF First American Financial Corporation $7.0B 9.5× 9.6× +5.34% (above 0%: growing) −6.52% (below 0%: shrinking) −12.25% (below 0%: shrinking) 100.00% 14.30% Compare
ACT Enact Holdings, Inc. $6.6B 9.9× 9.8× +0.45% (above 0%: growing) +4.50% (above 0%: growing) −4.21% (below 0%: shrinking) 0.00% 0.00% Compare
ESNT Essent Group Ltd. $6.2B 9.5× 8.8× +13.64% (above 0%: growing) +7.18% (above 0%: growing) +3.88% (above 0%: growing) 65.75% 65.75%
MTG MGIC Investment Corporation $6.0B 9.1× 8.7× −1.78% (below 0%: shrinking) +2.41% (above 0%: growing) +0.56% (above 0%: growing) 77.43% 76.97% Compare
RDN Radian Group Inc. $4.9B 9.5× 8.8× +92.58% (above 0%: growing) −17.48% (below 0%: shrinking) +147.96% (above 0%: growing) 50.35% 30.09% Compare
NMIH NMI Holdings Inc $3.3B 8.5× 8.0× +8.12% (above 0%: growing) +13.82% (above 0%: growing) +10.69% (above 0%: growing) 93.00% 76.67% Compare
AGO Assured Guaranty Ltd. $3.2B 9.6× 11.1× −30.60% (below 0%: shrinking) −57.89% (below 0%: shrinking) −48.72% (below 0%: shrinking) 97.95% 42.05% Compare
Median of peers $6.3B 9.5× 9.0× +6.13% −2.05% −0.34% 65.29% 22.39%

All 15 Insurance Specialty stocks →

From the latest earnings call

Updated

  • CEO Mark Casale said mortgage rates were supporting policy persistency, but affordability was constraining originations and keeping portfolio growth on pause.
  • Casale reiterated Essent’s expectation for approximately $320 million in 2026 property and casualty reinsurance written premiums, with roughly half earned this year.

Pay and ownership Proxy statement filed 26 March 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 10.04m 22.39m 186.00
2024 9.78m 12.66m 125.00
2023 8.89m 20.05m 126.00
2022 8.91m 6.23m 87.00
2021 9.14m 6.16m 96.00

Ownership

Directors and executive officers, together 3.60%
BlackRock, Inc. 13.50%
The Vanguard Group, Inc. 12.90%
FMR LLC 6.20%
Dimensional Fund Advisors LP 5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Essent Group Ltd. (ESNT) Latest News

15 Oct

Impact 3 · · Insider Monkey

14 Oct

Impact 3 · · StockStory

10 Oct

Impact 3 · · 24/7 Wall St.

9 Oct

Impact 3 · · Business Wire

7 Oct

Impact 3 · · Zacks

2 Oct

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21 Sep

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2 Sep

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16 Aug

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14 Aug

Impact 3 · · The Motley Fool transcript

11 Aug

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10 Aug

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8 Aug

Impact 3 · · MarketBeat

7 Aug

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31 Jul

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10 Jul

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8 Jul

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7 Jul

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18 May

Impact 4 · · Simply Wall St.

13 May

Impact 4 · · StockStory

10 May

Impact 4 · · MarketBeat

8 May

Impact 4 · · Moby
Impact 4 · · The Motley Fool transcript
Impact 4 · · Zacks

ESNT metrics, ten years each

stockrow.com/ESNT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com