What is Essent Group's reinsurance — expense ratio?

Essent Group (ESNT) reported reinsurance — expense ratio of 35.7% in Q1 2026.

How has Essent Group's reinsurance — expense ratio changed year-over-year?

Essent Group's reinsurance — expense ratio increased by 110.0% year-over-year, from 17% to 35.7%.

What does reinsurance — expense ratio mean?

Calculated as the ratio of underwriting and operating expenses to net premiums earned for the reinsurance segment. This metric evaluates the efficiency of the segment in managing its operational costs relative to the revenue generated from premiums. It highlights the cost-effectiveness of the segment's business model.

Essent Group ESNT Reinsurance — Expense ratio

Similar metrics at other companies

ACGLReinsurance — Other operating expense ratio

5.2%+0.9pp

AXSReinsurance — Loss Ratio

66.8%-0.9pp

ACGLReinsurance — Acquisition expense ratio

19%-1.6pp

AXSReinsurance — General and administrative expense ratio (as a percent)

2.1%-1.2pp

ACGLReinsurance — Loss ratio

51.7%-15.2pp

AXSReinsurance — Acquisition cost ratio (as a percent)

23.8%+2.5pp

Other financials

Income statement

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Revenue$336.1M+5.8%

Operating income$63.8M—

Net income$171.8M-2.1%

EPS (diluted)$1.82+7.7%

Balance sheet

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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

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Operating cash flow$192.0M-13.3%

CapEx$818.0K+270%

Free cash flow$191.2M-13.6%

Valuation

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Market cap$5.39B-7.9%

P/E7.9×-0.2×

P/S4.2×-0.4×

Profitability

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Net margin53.6%-3.7pp

FCF margin64%-4.5pp

Returns & leverage

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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:ExpenseRatio.

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 — expense ratio?: Essent Group (ESNT) reported reinsurance — expense ratio of 35.7% in Q1 2026.
How has Essent Group's reinsurance — expense ratio changed year-over-year?: Essent Group's reinsurance — expense ratio increased by 110.0% year-over-year, from 17% to 35.7%.
What does reinsurance — expense ratio mean?: Calculated as the ratio of underwriting and operating expenses to net premiums earned for the reinsurance segment. This metric evaluates the efficiency of the segment in managing its operational costs relative to the revenue generated from premiums. It highlights the cost-effectiveness of the segment's business model.