What does mortgage insurance — acquisition costs, net mean?

The net expenses incurred to acquire new insurance policies, including commissions and marketing costs, after accounting for any deferrals. This metric is critical for evaluating the efficiency of the company's customer acquisition strategy.

Essent Group (ESNT) Mortgage Insurance — Acquisition Costs, Net

Screener

Other segment segments

Reinsurance

-$11.85M-4,058%

Similar metrics at other companies

SPNTReinsurance — Acquisition costs, net

$75.7M+7.4%

HGTYInsurance — Policy acquisition costs, net

$83.64M+0.8%

SPNTInsurance & Services — Acquisition costs, net

$104.2M+6.4%

AXSInsurance — Acquisition costs

$238.82M+22.5%

ACGLMortgage — Deferred Acquisition Costs

$57M0.0%

SPNTReinsurance — Deferred acquisition costs, net

$156.5M-0.1%

Other financials

Income statement

See full

Revenue$362.7M+13.6%

Operating income$63.8M—

Net income$189.7M-2.9%

EPS (diluted)$2.08+7.8%

Balance sheet

See full

Cash & equivalents$74.3M-19.3%

Total debt$36.6M+1.2%

Total equity$5.7B-0.2%

Total assets$7.6B+5.1%

Cash flow

See full

Operating cash flow$197.1M+4.0%

CapEx$972.0K+31.0%

Free cash flow$196.1M+3.9%

Valuation

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Market cap$6.04B+2.9%

P/E8.9×+0.7×

P/S4.6×-0.1×

Profitability

See full

Net margin51.5%-4.9pp

FCF margin62.4%-5.8pp

Returns & leverage

See full

Return on equity12%-0.9pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Essent Group in its filing.

Tagged under the XBRL concept esnt:AcquisitionCostsNet.

The source filing: Essent Group’s 10-Q, filed August 7, 2026.

Filed: Aug 7, 2026, 4:37 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001448893-26-000024

(In thousands)	Three Months Ended June 30, 2026 / Mortgage Insurance	Three Months Ended June 30, 2026 / Reinsurance	Three Months Ended June 30, 2026 / Corporate & Other	Three Months Ended June 30, 2026 / Consolidated	Three Months Ended June 30, 2025 / Mortgage Insurance	Three Months Ended June 30, 2025 / Reinsurance	Three Months Ended June 30, 2025 / Corporate & Other	Three Months Ended June 30, 2025 / Consolidated
Provision for losses and LAE	29,391	18,723	847	48,961	15,323	36	1,696	17,055
Compensation and benefits	14,898	1,781	13,825	30,504	15,667	1,126	13,926	30,719
Premium and other taxes	5,996	14	545	6,555	5,984	16	495	6,495
Acquisition costs, net (3)	(7,770)	11,849	—	4,079	(6,770)	285	—	(6,485)
Other underwriting and operating expenses	10,695	987	22,438	34,120	9,744	959	21,333	32,036
Net operating expenses before allocations	23,819	14,631	36,808	75,258	24,625	2,386	35,754	62,765
Corporate expense allocations	8,086	653	(8,739)	—	8,979	263	(9,242)	—
Operating expenses after allocations	31,905	15,284	28,069	75,258	33,604	2,649	26,512	62,765

Item 1. Financial Statements (Unaudited)

FAQ

What is Essent Group's mortgage insurance — acquisition costs, net?: Essent Group (ESNT) reported mortgage insurance — acquisition costs, net of $7.77M in Q2 2026.
What does mortgage insurance — acquisition costs, net mean?: The net expenses incurred to acquire new insurance policies, including commissions and marketing costs, after accounting for any deferrals. This metric is critical for evaluating the efficiency of the company's customer acquisition strategy.