Essent Group Ltd. (ESNT) Financial Statements (2025 and earlier)

Company Profile

Business Address CLARENDON HOUSE
HAMILTON, HM 11
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6351 - Surety Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments141,78781,24081,491102,830386,712219,346
Cash and cash equivalent141,78781,24081,491102,83071,35064,946
Short-term investments     315,362154,400
Total current assets:141,78781,24081,491102,830386,712219,346
Noncurrent Assets
Operating lease, right-of-use asset32,20013,1006,4008,70010,000
Property, plant and equipment41,30419,57111,92115,09517,3087,629
Long-term investments and receivables277,226257,941170,47288,90478,87330,952
Long-term investments277,226257,941170,47288,90478,87330,952
Intangible assets, net (including goodwill), including:72,826     
Goodwill      
Other undisclosed intangible assets, net (including goodwill)72,826     
Total noncurrent assets:423,556290,612188,793112,699106,18138,581
Other undisclosed assets5,861,3305,351,9455,451,8904,987,1953,380,5322,892,044
TOTAL ASSETS:6,426,6735,723,7975,722,1745,202,7243,873,4253,149,971
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt362,753356,810373,654305,109249,620 
Deferred income tax liabilities362,753356,810373,654305,109249,620
Total noncurrent liabilities:362,753356,810373,654305,109249,620 
Other undisclosed liabilities961,370904,6781,112,4061,034,982638,960784,254
Total liabilities:1,324,1231,261,4881,486,0601,340,091888,580784,254
Equity
Equity, attributable to parent5,102,5504,462,3094,236,1143,862,6332,984,8452,365,717
Common stock1,5991,6151,6411,6861,4761,472
Additional paid in capital1,299,8691,350,3771,428,9521,571,1631,118,6551,110,800
Accumulated other comprehensive income (loss)(280,496)(382,790)50,707138,27456,187(28,993)
Retained earnings4,081,5783,493,1072,754,8142,151,5101,808,5271,282,438
Total equity:5,102,5504,462,3094,236,1143,862,6332,984,8452,365,717
TOTAL LIABILITIES AND EQUITY:6,426,6735,723,7975,722,1745,202,7243,873,4253,149,971

Income Statement (P&L) ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,109,7591,000,8241,028,510955,154867,567719,353
Premiums earned, net916,906842,527872,543862,564777,425649,492
Net investment income186,139124,40988,76580,08783,54264,091
Gross profit:1,109,7591,000,8241,028,510955,154867,567719,353
Operating expenses (24,650)     
Operating income:1,085,1091,000,8241,028,510955,154867,567719,353
Interest and debt expense(30,137)(15,608)(8,282)(9,074)(10,151)(10,179)
Other undisclosed loss from continuing operations before equity method investments, income taxes    (455,984)(198,355)(162,475)
Income from continuing operations before equity method investments, income taxes:1,054,972985,2161,020,228490,096659,061546,699
Other undisclosed income (loss) from continuing operations before income taxes(231,973)2,971(197,914)   
Income from continuing operations before income taxes:822,999988,187822,314490,096659,061546,699
Income tax expense(126,613)(156,834)(140,531)(77,055)(103,348)(79,336)
Income from continuing operations:696,386831,353681,783413,041555,713467,363
Income before gain (loss) on sale of properties:681,783413,041555,713467,363
Net income attributable to parent:696,386831,353681,783413,041555,713467,363
Undistributed earnings (loss) allocated to participating securities, basic      (467,363)
Other undisclosed net income available to common stockholders, basic      467,363
Net income available to common stockholders, diluted:696,386831,353681,783413,041555,713467,363

Comprehensive Income ($ in thousands)

12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:696,386831,353681,783413,041555,713467,363
Comprehensive income:696,386831,353681,783413,041555,713467,363
Other undisclosed comprehensive income (loss), net of tax, attributable to parent102,294(433,497)(87,567)82,08785,180(25,741)
Comprehensive income, net of tax, attributable to parent:798,680397,856594,216495,128640,893441,622

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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