What is Essent Group's reinsurance — acquisition costs, net?

Essent Group (ESNT) reported reinsurance — acquisition costs, net of -$6.74M in Q1 2026.

What does reinsurance — acquisition costs, net mean?

The net costs incurred to acquire, underwrite, and process reinsurance business, including commissions paid to brokers or ceding companies, net of any ceding commissions received. This metric is a key indicator of the efficiency of the segment's distribution and underwriting strategy.

Essent Group ESNT Reinsurance — Acquisition Costs, Net

Other segment segments

Mortgage Insurance

$7.38M+14.7%

Similar metrics at other companies

AXSReinsurance — Acquisition costs

$80.49M+14.1%

AXSReinsurance — Acquisition cost ratio (as a percent)

23.8%+2.5pp

ACGLReinsurance — Acquisition expenses

$347M-16.8%

AXSReinsurance — Year 8

6.7%+6.1pp

ACGLReinsurance — Acquisition expense ratio

19%-1.6pp

AXSInsurance — Acquisition costs

$223.77M+15.3%

Other financials

Income statement

See full

Revenue$336.1M+5.8%

Operating income$63.8M—

Net income$171.8M-2.1%

EPS (diluted)$1.82+7.7%

Balance sheet

See full

Cash & equivalents$128.3M-38.4%

Total debt$36.6M+1.2%

Total equity$5.7B+0.7%

Total assets$7.6B+5.1%

Cash flow

See full

Operating cash flow$192.0M-13.3%

CapEx$818.0K+270%

Free cash flow$191.2M-13.6%

Valuation

See full

Market cap$5.39B-7.9%

P/E7.9×-0.2×

P/S4.2×-0.4×

Profitability

See full

Net margin53.6%-3.7pp

FCF margin64%-4.5pp

Returns & leverage

See full

Return on equity12.1%-1.2pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Essent Group in its filing.

Tagged under the XBRL concept esnt:AcquisitionCostsNet.

The official record: Essent Group’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Essent Group's reinsurance — acquisition costs, net?: Essent Group (ESNT) reported reinsurance — acquisition costs, net of -$6.74M in Q1 2026.
What does reinsurance — acquisition costs, net mean?: The net costs incurred to acquire, underwrite, and process reinsurance business, including commissions paid to brokers or ceding companies, net of any ceding commissions received. This metric is a key indicator of the efficiency of the segment's distribution and underwriting strategy.