Essent Group Ltd.

OUR COMPANY serves the housing finance industry by providing private mortgage insurance and reinsurance, and title insurance and settlement services to mortgage lenders, borrowers, and investors to support homeownership. The company operates through two primary business segments: Mortgage Insurance and Reinsurance. The Mortgage Insurance segment offers private mortgage insurance for mortgages secured by residential properties in the United States. This private mortgage insurance on residential first-lien mortgage loans is provided through Essent Guaranty, a Pennsylvania-domiciled monoline mortgage guaranty insurance company licensed in all 50 states and the District of Columbia, and approved by Fannie Mae and Freddie Mac. This segment also offers other credit risk management solutions, including contract underwriting. For the years ended December 31, 2025, 2024, and 2023, the company generated private mortgage insurance new insurance written (NIW) of approximately $46.6 billion, $45.6 billion, and $47.7 billion, respectively. As of December 31, 2025, the company had approximately $248.4 billion of private mortgage insurance in force. The Reinsurance segment primarily reinsures U.S. mortgage risk in the GSE credit risk transfer market and provides underwriting consulting services to third-party reinsurers through Bermuda-based Essent Re, a Class 3B insurer regulated by the Bermuda Monetary Authority. As of December 31, 2025, Essent Re provided insurance or reinsurance relating to GSE credit risk transfer and other reinsurance transactions covering approximately $2.3 billion of risk. Prior to December 31, 2025, the company disclosed one reportable segment, Mortgage Insurance, which included "U.S. mortgage insurance" and "GSE and other mortgage risk share."