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Essent Group ESNT Mortgage Insurance — Other underwriting and operating expenses

Other segment segments

Reinsurance
$14.63M

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Other financials

Income statement

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Revenue$362.7M+13.6%
Operating income$63.8M
Net income$189.7M-2.9%
EPS (diluted)$2.08+7.8%

Balance sheet

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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

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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

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Net margin51.5%-4.9pp
FCF margin62.4%-5.8pp

Returns & leverage

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Return on equity12%-0.9pp
Debt / equity0.0×

Where this comes from

Reported directly by Essent Group in its filing.

Tagged under the XBRL concept esnt:OtherUnderwritingAndOperatingExpenses.

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, except per share amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Total revenues362,686319,143698,758636,701
Losses and expenses:
Provision for losses and LAE48,96117,05597,17748,342
Other underwriting and operating expenses75,25862,765148,241133,889
Interest expense8,1488,14816,29616,296
Total losses and expenses132,36787,968261,714198,527
Income before income taxes230,319231,175437,044438,174
Income tax expense40,60535,83675,53167,402

Item 1. Financial Statements (Unaudited)

FAQ

What is Essent Group's mortgage insurance — other underwriting and operating expenses?
Essent Group (ESNT) reported mortgage insurance — other underwriting and operating expenses of $23.82M in Q2 2026.
How has Essent Group's mortgage insurance — other underwriting and operating expenses changed year-over-year?
Essent Group's mortgage insurance — other underwriting and operating expenses decreased by 3.3% year-over-year, from $24.63M to $23.82M.
What is the long-term trend for Essent Group's mortgage insurance — other underwriting and operating expenses?
Over 2 years (2022 to 2025), Essent Group's mortgage insurance — other underwriting and operating expenses has grown at a -20.1% compound annual growth rate (CAGR), from $159.61M to $101.89M.
What does mortgage insurance — other underwriting and operating expenses mean?
This metric represents the administrative and operational costs incurred by the mortgage insurance segment, excluding direct loss provisions and specific allocated overheads. It reflects the efficiency of the segment's core business processes and general support functions required to maintain underwriting operations.

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