Essent Group Ltd. and Subsidiaries

Financial Results and Supplemental Information (Unaudited)

Quarter Ended September 30, 2023

Exhibit A Condensed Consolidated Statements of Comprehensive Income (Unaudited)

Exhibit B Condensed Consolidated Balance Sheets (Unaudited)

Exhibit C Consolidated Historical Quarterly Data

Exhibit D U.S Mortgage Insurance Portfolio Historical Quarterly Data

Exhibit E New Insurance Written - U.S. Mortgage Insurance Portfolio

Exhibit F Insurance in Force and Risk in Force - U.S. Mortgage Insurance Portfolio

Exhibit G Other Risk in Force

Exhibit H U.S. Mortgage Insurance Portfolio Vintage Data

Exhibit I U.S. Mortgage Insurance Portfolio Reinsurance Vintage Data

Exhibit J U.S. Mortgage Insurance Portfolio Geographic Data

Exhibit K Rollforward of Defaults and Reserve for Losses and LAE

Exhibit L Detail of Reserves by Default Delinquency Exhibit M Investments Available for Sale

Exhibit N U.S. Mortgage Insurance Company Capital

Exhibit O Loss, Expense and Combined Ratios and Reconciliation of Non-GAAP Financial Measures

Exhibit A

Essent Group Ltd. and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income (Unaudited)

Three Months Ended September 30,

Nine Months Ended September 30,

(In thousands, except per share amounts)

2023

2022

2023

2022

Revenues:

Direct premiums written

$

270,868

$

239,773

$

759,526

$

692,687

Ceded premiums

(30,294)

(30,543)

(103,431)

(73,384)

Net premiums written

240,574

209,230

656,095

619,303

Decrease in unearned premiums

6,231

(1,296)

15,197

15,972

Net premiums earned

246,805

207,934

671,292

635,275

Net investment income

47,072

32,594

135,558

86,613

Realized investment losses, net

(235)

175

(2,312)

(7,648)

(Loss) income from other invested assets

(3,143)

9,617

(10,697)

36,275

Other income

5,609

11,447

18,641

20,272

Total revenues

296,108

261,767

812,482

770,787

Losses and expenses:

Provision (benefit) for losses and LAE

10,822

4,252

11,902

(178,805)

Other underwriting and operating expenses

54,814

42,144

145,183

124,838

Premiums retained by agents

13,175

-

13,175

-

Interest expense

7,854

4,450

22,184

9,563

Total losses and expenses

86,665

50,846

192,444

(44,404)

Income before income taxes

209,443

210,921

620,038

815,191

Income tax expense

31,484

32,870

99,019

131,204

Net income

$

177,959

$

178,051

$

521,019

$

683,987

Earnings per share:

Basic

$

1.68

$

1.67

$

4.90

$

6.37

Diluted

1.66

1.66

4.86

6.35

Weighted average shares outstanding:

Basic

105,979

106,870

106,387

107,314

Diluted

107,025

107,337

107,232

107,732

Net income

$

177,959

$

178,051

$

521,019

$

683,987

Other comprehensive income (loss):

Change in unrealized depreciation of investments

(76,248)

(137,010)

(53,593)

(474,284)

Total other comprehensive loss

(76,248)

(137,010)

(53,593)

(474,284)

Comprehensive income

$

101,711

$

41,041

$

467,426

$

209,703

2

Exhibit B

Essent Group Ltd. and Subsidiaries

Condensed Consolidated Balance Sheets (Unaudited)

September 30,

December 31,

(In thousands, except per share amounts)

2023

2022

Assets

Investments

Fixed maturities available for sale, at fair value

$

4,241,757

$

4,489,598

Short-term investments available for sale, at fair value

755,931

252,027

Total investments available for sale

4,997,688

4,741,625

Other invested assets

272,619

257,941

Total investments

5,270,307

4,999,566

Cash

96,779

81,240

Accrued investment income

36,651

33,162

Accounts receivable

68,332

57,399

Deferred policy acquisition costs

9,375

9,910

Property and equipment

40,710

19,571

Prepaid federal income tax

461,386

418,460

Goodwill and intangible assets, net

64,271

-

Other assets

46,389

104,489

Total assets

$

6,094,200

$

5,723,797

Liabilities and Stockholders' Equity

Liabilities

Reserve for losses and LAE

$

241,333

$

216,464

Unearned premium reserve

147,712

162,887

Net deferred tax liability

329,721

356,810

Credit facility borrowings, net of deferred costs

421,656

420,864

Other accrued liabilities

145,771

104,463

Total liabilities

1,286,193

1,261,488

Commitments and contingencies

Stockholders' Equity

Common shares, $0.015 par value:

Authorized - 233,333; issued and outstanding - 106,887 shares in 2023 and 107,683 shares in 2022

1,603

1,615

Additional paid-in capital

1,309,717

1,350,377

Accumulated other comprehensive loss

(436,383)

(382,790)

Retained earnings

3,933,070

3,493,107

Total stockholders' equity

4,808,007

4,462,309

Total liabilities and stockholders' equity

$

6,094,200

$

5,723,797

Return on average equity (1)

15.0%

19.1%

  1. The 2023 return on average equity is calculated by dividing annualized year-to-date 2023 net income by average equity. The 2022 return on average equity is calculated by dividing full year 2022 net income by average equity.

3

Exhibit C

Essent Group Ltd. and Subsidiaries

Supplemental Information

Consolidated Historical Quarterly Data

2023

2022

Selected Income Statement Data

September 30

June 30

March 31

December 31

September 30

(In thousands, except per share amounts)

Revenues:

Net premiums earned:

U.S. Mortgage Insurance Portfolio

$

209,351

$

195,502

$

196,565

$

192,670

$

194,272

GSE and other risk share

16,850

17,727

14,693

14,582

13,662

Title insurance

20,604

-

-

-

-

Net premiums earned

246,805

213,229

211,258

207,252

207,934

Net investment income

47,072

45,250

43,236

37,796

32,594

Realized investment (losses) gains, net

(235)

(1,589)

(488)

(5,524)

175

(Loss) income from other invested assets

(3,143)

(4,852)

(2,702)

(7,599)

9,617

Other income (loss) (1)

5,609

8,090

4,942

(1,888)

11,447

Total revenues

296,108

260,128

256,246

230,037

261,767

Losses and expenses:

Provision (benefit) for losses and LAE

10,822

1,260

(180)

4,101

4,252

Other underwriting and operating expenses

54,814

42,174

48,195

46,895

42,144

Premiums retained by agents

13,175

-

-

-

-

Interest expense

7,854

7,394

6,936

6,045

4,450

Total losses and expenses

86,665

50,828

54,951

57,041

50,846

Income before income taxes

209,443

209,300

201,295

172,996

210,921

Income tax expense (2)

31,484

37,067

30,468

25,630

32,870

Net income

$

177,959

$

172,233

$

170,827

$

147,366

$

178,051

Earnings per share:

Basic

$

1.68

$

1.62

$

1.60

$

1.38

$

1.67

Diluted

1.66

1.61

1.59

1.37

1.66

Weighted average shares outstanding:

Basic

105,979

106,249

106,943

106,881

106,870

Diluted

107,025

107,093

107,585

107,419

107,337

Book value per share

$

44.98

$

44.24

$

43.18

$

41.44

$

39.87

Return on average equity (annualized)

14.9 %

14.7 %

15.0 %

13.5 %

16.6 %

Credit Facility

Borrowings outstanding

$

425,000

$

425,000

$

425,000

$

425,000

$

425,000

Undrawn committed capacity

$

400,000

$

400,000

$

400,000

$

400,000

$

400,000

Weighted average interest rate (end of period)

7.07 %

6.87 %

6.52 %

6.02 %

4.39 %

Debt-to-capital

8.12 %

8.24 %

8.38 %

8.70 %

9.01 %

  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 September 30, 2023, June 30, 2023, March 31, 2023, December 31, 2022, and September 30, 2022 was ($898), $2,726, ($368), ($6,515), and $5,177, respectively.
  2. Income tax expense for the quarters ended September 30, 2023, June 30, 2023, March 31, 2023, December 31, 2022 and September 30, 2022 includes

($763), $(888), ($368), ($4,122), and $2,925 respectively, of discrete tax (benefit) expense associated with realized and unrealized gains and losses. Income tax expense for the quarter ended June 30, 2023 also includes $5,295 of net discrete tax expense associated with prior year tax returns.

4

Exhibit D

Essent Group Ltd. and Subsidiaries

Supplemental Information

U.S Mortgage Insurance Portfolio Historical Quarterly Data

2023

2022

Other Data:

September 30

June 30

March 31

December 31

September 30

($ in thousands)

U.S. Mortgage Insurance Portfolio

Flow:

New insurance written

$

12,505,823

$

13,498,080

$

12,893,789

$

13,011,432

$

17,112,017

New risk written

3,458,467

3,726,513

3,548,015

3,522,726

4,570,699

Bulk:

New insurance written

$

-

$

-

$

-

$

-

$

-

New risk written

-

-

-

-

-

Total:

New insurance written

$

12,505,823

$

13,498,080

$

12,893,789

$

13,011,432

$

17,112,017

New risk written

$

3,458,467

$

3,726,513

$

3,548,015

$

3,522,726

$

4,570,669

Average insurance in force

$

237,270,093

$

233,484,941

$

228,885,174

$

224,840,675

$

219,280,350

Insurance in force (end of period)

$

238,661,612

$

235,649,884

$

231,537,417

$

227,062,055

$

222,542,569

Gross risk in force (end of period) (1)

$

63,605,057

$

62,403,400

$

60,879,979

$

59,276,489

$

57,743,091

Risk in force (end of period)

$

53,920,308

$

53,290,643

$

51,469,312

$

49,903,626

$

48,690,571

Policies in force

825,248

821,690

815,751

808,596

800,745

Weighted average coverage (2)

26.7%

26.5%

26.3%

26.1%

25.9%

Annual persistency

86.6%

85.8%

84.4%

82.1%

77.9%

Loans in default (count)

13,391

12,480

12,773

13,433

12,435

Percentage of loans in default

1.62%

1.52%

1.57%

1.66%

1.55%

U.S. Mortgage Insurance Portfolio premium rate:

Base average premium rate (3)

0.40%

0.40%

0.40%

0.40%

0.40%

Single premium cancellations (4)

-%

-%

-%

-%

0.01%

Gross average premium rate

0.40%

0.40%

0.40%

0.40%

0.41%

Ceded premiums

(0.05%)

(0.07%)

(0.06%)

(0.06%)

(0.06%)

Net average premium rate

0.35%

0.33%

0.34%

0.34%

0.35%

  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.

5

Exhibit E

Essent Group Ltd. and Subsidiaries

Supplemental Information - U.S. Mortgage Insurance Portfolio

New Insurance Written: Flow

NIW by Credit Score

Three Months Ended

Nine Months Ended

September 30, 2023

September 30, 2022

September 30, 2023

September 30, 2022

($ in thousands)

>=760

$

5,212,343

41.8%

$

6,976,123

40.8%

$

15,473,191

39.8%

$

20,942,108

41.8%

740-759

2,205,066

17.6

2,965,115

17.3

7,031,821

18.1

8,499,739

17.0

720-739

1,911,320

15.3

2,788,573

16.3

6,310,564

16.2

7,885,166

15.8

700-719

1,867,510

14.9

2,277,251

13.3

5,892,704

15.1

6,452,721

12.9

680-699

891,471

7.1

1,476,982

8.6

3,024,347

7.8

4,409,944

8.8

<=679

418,113

3.3

627,973

3.7

1,165,065

3.0

1,859,956

3.7

Total

$

12,505,823

100.0%

$

17,112,017

100.0%

$

38,897,692

100.0%

$

50,049,634

100.0%

Weighted average credit score

747

746

746

747

NIW by LTV

Three Months Ended

Nine Months Ended

September 30, 2023

September 30, 2022

September 30, 2023

September 30, 2022

($ in thousands)

85.00% and below

$

849,250

6.7%

$

1,618,912

9.5%

$

2,801,011

7.2%

$

4,556,205

9.1%

85.01% to 90.00%

2,445,924

19.6

4,753,686

27.8

7,951,062

20.4

13,657,345

27.3

90.01% to 95.00%

6,614,050

52.9

9,171,095

53.5

21,383,696

55.0

26,461,665

52.9

95.01% and above

2,596,599

20.8

1,568,324

9.2

6,761,923

17.4

5,374,419

10.7

Total

$

12,505,823

100.0%

$

17,112,017

100.0%

$

38,897,692

100.0%

$

50,049,634

100.0%

Weighted average LTV

93%

93%

93%

93%

NIW by Product

Three Months Ended

Nine Months Ended

September 30, 2023

September 30, 2022

September 30, 2023

September 30, 2022

Single Premium policies

2.8%

8.2%

3.8%

5.9%

Monthly Premium policies

97.2

91.8

96.2

94.1

100.0%

100.0%

100.0%

100.0%

NIW by Purchase vs. Refinance

Three Months Ended

Nine Months Ended

September 30, 2023

September 30, 2022

September 30, 2023

September 30, 2022

Purchase

99.0%

98.7%

98.8%

97.2%

Refinance

1.0

1.3

1.2

2.8

100.0%

100.0%

100.0%

100.0%

6

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 score

September 30, 2023

June 30, 2023

September 30, 2022

($ in thousands)

>=760

$

97,027,348

40.7%

$

95,925,520

40.8%

$

92,309,692

41.5%

740-759

41,362,480

17.3

40,733,799

17.3

37,821,201

17.0

720-739

37,297,809

15.6

36,791,104

15.6

33,910,646

15.2

700-719

31,674,346

13.3

30,970,132

13.1

28,263,518

12.7

680-699

19,850,176

8.3

19,667,866

8.3

18,351,570

8.2

<=679

11,449,453

4.8

11,561,463

4.9

11,885,942

5.4

Total

$

238,661,612

100.0%

$

235,649,884

100.0%

$

222,542,569

100.0%

Weighted average credit score

746

746

746

Gross RIF by FICO score

September 30, 2023

June 30, 2023

September 30, 2022

($ in thousands)

>=760

$

25,594,262

40.1%

$

25,138,762

40.3%

$

23,743,335

41.1%

740-759

11,165,727

17.6

10,922,780

17.5

9,920,331

17.2

720-739

10,090,889

15.9

9,896,425

15.9

8,934,327

15.5

700-719

8,568,811

13.5

8,319,353

13.3

7,412,542

12.8

680-699

5,327,434

8.4

5,248,349

8.4

4,801,986

8.3

<=679

2,857,934

4.5

2,877,731

4.6

2,930,570

5.1

Total

$

63,605,057

100.0%

$

62,403,400

100.0%

$

57,743,091

100.0%

Portfolio by LTV

IIF by LTV

September 30, 2023

June 30, 2023

September 30, 2022

($ in thousands)

85.00% and below

$

21,226,685

8.9%

$

22,427,649

9.5%

$

25,121,995

11.3%

85.01% to 90.00%

63,374,562

26.6

63,562,258

27.0

62,963,331

28.3

90.01% to 95.00%

118,461,030

49.6

115,768,826

49.1

103,794,020

46.6

95.01% and above

35,599,335

14.9

33,891,151

14.4

30,663,223

13.8

Total

$

238,661,612

100.0%

$

235,649,884

100.0%

$

222,542,569

100.0%

Weighted average LTV

93%

93%

92%

Gross RIF by LTV

September 30, 2023

June 30, 2023

September 30, 2022

($ in thousands)

85.00% and below

$

2,525,753

4.0%

$

2,667,981

4.3%

$

2,975,898

5.2%

85.01% to 90.00%

15,566,095

24.5

15,583,198

25.0

15,317,449

26.5

90.01% to 95.00%

34,848,762

54.8

34,026,320

54.5

30,388,328

52.6

95.01% and above

10,664,447

16.7

10,125,901

16.2

9,061,416

15.7

Total

$

63,605,057

100.0%

$

62,403,400

100.0%

$

57,743,091

100.0%

Portfolio by Loan Amortization Period

IIF by Loan Amortization Period

September 30, 2023

June 30, 2023

September 30, 2022

($ in thousands)

FRM 30 years and higher

$

232,186,999

97.3%

$

228,745,641

97.1%

$

214,688,363

96.5%

FRM 20-25 years

1,910,610

0.8

2,124,690

0.9

2,859,734

1.3

FRM 15 years

1,719,467

0.7

1,953,448

0.8

2,903,355

1.3

ARM 5 years and higher

2,844,536

1.2

2,826,105

1.2

2,091,117

0.9

Total

$

238,661,612

100.0%

$

235,649,884

100.0%

$

222,542,569

100.0%

7

Exhibit G

Essent Group Ltd. and Subsidiaries

Supplemental Information

Other Risk in Force

2023

2022

($ in thousands)

September 30

June 30

March 31

December 31

September 30

GSE and other risk share (1):

Risk in Force

$

2,247,393

$

2,276,702

$

2,098,033

$

2,030,571

$

2,026,895

Reserve for losses and LAE

$

54

$

55

$

65

$

74

$

102

Weighted average credit score

749

749

749

749

748

Weighted average LTV

82%

83%

83%

83%

84%

  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.

8

Exhibit H

Essent Group Ltd. and Subsidiaries

Supplemental Information

U.S. Mortgage Insurance Portfolio Vintage Data

September 30, 2023

Insurance in Force

Original

Remaining

% Remaining of

Number of

Weighted

Incurred Loss

Number of

Percentage of

Insurance

Insurance

Ratio

Year

Written

in Force

Original

Policies in

Average

% Purchase

>90% LTV

>95% LTV

FICO < 700

FICO >= 760

(Inception to

Loans in

Loans in

($ in thousands)

($ in thousands)

Insurance

Force

Coupon

Date) (1)

Default

Default

2010 - 2014

$

60,668,851

$

1,598,284

2.6%

9,938

4.32%

73.3%

62.4%

7.0%

15.1%

43.4%

2.5 %

392

3.94%

2015

26,193,656

1,521,374

5.8

9,232

4.21

84.2

74.8

4.6

17.7

39.6

2.5

327

3.54

2016

34,949,319

3,234,730

9.3

18,705

3.89

87.8

80.6

12.0

15.9

42.4

2.3

560

2.99

2017

43,858,322

5,031,656

11.5

29,934

4.27

91.3

71.7

20.7

20.4

37.8

3.5

1,176

3.93

2018

47,508,525

5,805,471

12.2

32,505

4.79

94.7

71.3

26.0

21.7

32.6

4.6

1,484

4.57

2019

63,569,183

12,907,957

20.3

61,266

4.22

88.1

68.1

24.5

18.8

35.5

4.4

1,813

2.96

2020

107,944,065

49,162,995

45.5

187,990

3.19

68.0

56.5

13.0

10.8

45.6

3.3

2,373

1.26

2021

84,218,250

64,048,451

76.1

208,074

3.08

86.3

62.6

15.3

13.9

40.5

7.1

3,038

1.46

2022

63,061,262

57,742,660

91.6

163,804

5.07

97.8

65.2

11.2

12.7

39.7

19.9

1,962

1.20

2023 (through September 30)

38,897,692

37,608,034

96.7

103,800

6.51

98.8

72.6

17.8

10.9

39.1

11.3

266

0.26

Total

$

570,869,125

$

238,661,612

41.8

825,248

4.28

87.6

64.6

14.9

13.1

40.7

4.3

13,391

1.62

  1. Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned.

9

Exhibit I

Essent Group Ltd. and Subsidiaries

Supplemental Information

U.S. Mortgage Insurance Portfolio Reinsurance Vintage Data

September 30, 2023

($ in thousands)

Insurance Linked Notes (1)

Earned Premiums Ceded

Remaining

Remaining

Original

Remaining

Losses

Original

Remaining

Reduction in

Quarter-to-

PMIERs Minimum

Deal Name

Vintage

Insurance

Risk

Reinsurance

Reinsurance in

Ceded

First Layer

First Layer

Year-to-Date

Required

in Force

in Force

in Force

Force

to Date

Retention

Retention

Date

Assets (3)

Radnor Re 2018-1 Jan. 2017 - Dec. 2017

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

1,781

$

-

Radnor Re 2019-1 Jan. 2018 - Dec. 2018

5,730,888

1,496,891

473,184

21,467

-

253,643

246,939

(40)

13,407

-

Radnor Re 2019-2 Jan. 2015 - Dec. 2016

-

-

-

-

-

-

-

-

220

-

Radnor Re 2020-1 Jan. 2019 - Aug. 2019

7,185,440

1,864,143

495,889

50,596

-

215,605

213,798

(82)

5,788

-

Radnor Re 2021-1 Aug. 2020 - Mar. 2021

33,594,368

8,642,916

557,911

339,120

-

278,956

278,796

2,615

8,794

261,926

Radnor Re 2021-2 Apr. 2021 - Sep. 2021

37,420,329

10,079,502

439,407

361,449

-

279,415

279,231

3,887

12,161

285,689

Radnor Re 2022-1

Oct. 2021 - Jul. 2022

32,132,944

8,669,748

237,868

237,868

-

303,761

303,660

4,260

12,781

218,839

Radnor Re 2023-1 Aug. 2022 - Jun. 2023

31,014,596

8,478,658

281,462

281,462

-

281,463

281,463

3,118

3,118

266,826

Total

$

147,078,565

$

39,231,858

$

2,485,721

$

1,291,962

$

-

$

1,612,843

$

1,603,887

$

13,758

$

58,050

$

1,033,280

Excess of Loss Reinsurance (2)

Earned Premiums Ceded

Reduction in

Remaining

Remaining

Original

Remaining

Losses

Original

Remaining

Quarter-to-

PMIERs Minimum

Deal Name

Vintage

Insurance

Risk

Reinsurance in

Reinsurance in

Ceded

First Layer

First Layer

Year-to-Date

Required

in Force

in Force

Force

Force

to Date

Retention

Retention

Date

Assets (3)

XOL 2018-1 Jan. 2017 - Dec. 2017

$

4,920,622

$

1,297,126

$

165,167

$

57,250

$

-

$

678,283

$

421,003

$

291

$

955

$

-

XOL 2019-1 Jan. 2018 - Dec. 2018

5,730,888

1,496,891

118,650

76,144

-

253,643

246,939

(4)

627

1,861

-

XOL 2020-1 Jan. 2019 - Dec. 2019

7,185,440

1,864,143

55,102

38,579

-

215,605

213,798

(4)

303

931

-

XOL 2022-1 Oct. 2021 - Dec. 2022

71,671,369

19,351,146

141,992

141,992

-

507,114

506,301

1,611

4,779

137,913

Total

$

89,508,319

$

24,009,306

$

480,911

$

313,965

$

-

$

1,654,645

$

1,388,041

$

2,832

$

8,526

$

137,913

Quota Share Reinsurance (2)

Losses Ceded

Ceding Commission

Earned Premiums Ceded

Remaining

Remaining

Reduction in

Ceding

Remaining Ceded

Remaining Ceded

PMIERs Minimum

Year

Insurance

Risk

Quarter-to-Date

Year-to-Date

Quarter-to-Date

Year-to-Date

Quarter-to-Date

Year-to-Date

Required

Percentage

in Force

in Force

Insurance in Force

Risk in Force

Assets (3)

Sep. 2019 - Dec. 2020

(5)

$

54,596,089

$

14,208,745

$

12,218,215

$

3,142,000

$

(464)

$

(2,208)

$

2,631

$

8,343

$

4,403

$

13,227

$

187,406

Jan. 2022 - Dec. 2023

20%

57,688,314

15,600,877

11,537,663

3,120,175

2,592

7,473

1,942

5,880

6,282

18,645

229,964

Jan. 2023 - Dec. 2023

17.5%

37,561,195

10,380,842

6,573,209

1,816,647

791

1,123

1,061

1,837

3,019

4,981

129,422

Total

$

149,845,598

$

40,190,464

$

30,329,087

$

8,078,822

$

2,919

$

6,388

$

5,634

$

16,060

$

13,704

$

36,853

$

546,792

  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. First layer retentions shown are ILN retention levels as a result of overlapping coverage within the vintage.
  5. Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies.

10

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Essent Group Ltd. published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 10:42:40 UTC.