A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Essent Group Ltd.
ESNT
$6.6B
Mkt Cap
$65.75
+2.06%
Essent Group Ltd. (ESNT) has a current P/E ratio of 9.5, compared to its historical median P/E of 8.1. The stock is currently considered Fair based on its historical valuation range.
Essent Group Ltd. (ESNT) has a 5-year average return on invested capital (ROIC) of 15.0%. This indicates strong capital allocation and a potential competitive advantage.
Essent Group Ltd. (ESNT) has a market capitalization of $6.1B. It is classified as a mid-cap stock.
Yes, Essent Group Ltd. (ESNT) pays a dividend with a trailing twelve-month yield of 2.01%. The company also returns capital through share buybacks, with a buyback yield of 9.64%.
Based on historical P/E analysis, Essent Group Ltd. (ESNT) appears fair. The current P/E of 9.5 is 17% above its historical median of 8.1. The estimated fair value CAGR (P/E method) is 6.8%.
Essent Group Ltd. (ESNT) operates in the Surety Insurance industry, within the Financials sector.
Essent Group Ltd. (ESNT) reported annual revenue of $1.3 billion in its most recent fiscal year, based on SEC EDGAR filings.
Essent Group Ltd. operates as a housing finance services company serving the U.S. mortgage market through two primary segments: Mortgage Insurance and Reinsurance. The Mortgage Insurance segment provides private mortgage insurance on residential first-lien mortgage loans through Essent Guaranty, a Pennsylvania-domiciled monoline insurer licensed in all 50 states and approved by Fannie Mae and Freddie Mac, covering low down payment mortgages and offering contract underwriting and other credit risk management solutions. The Reinsurance segment, operated through Bermuda-based Essent Re, reinsures U.S. mortgage risk in the GSE credit risk transfer market and provides underwriting consulting services, and as of early 2026 expanded into Lloyd's of London property and casualty reinsurance. The company also operates a title insurance and settlement services business through subsidiaries including Essent Title Insurance, Inc. and Boston National Title, offering title insurance products directly and through a network of agents. Essent's mortgage insurance business model generates revenue through premium income on policies in force, with the company earning private capital to mitigate mortgage credit risk by covering portions of unpaid principal balance and related expenses upon default, thereby supporting the secondary mortgage market and facilitating low down payment homeownership. The company serves mortgage lenders, borrowers, and investors across the United States, with a strong capital position and diversified distribution model.
【Housing demand recovery pending】 Management expects housing to remain in a near-term pause as affordability and higher rates continue to temper originations, but believes favorable demographics, supply constraints, and increasing pent-up demand will support the mortgage insurance business when affordability improves. The company anticipates that near-term earnings impact from housing headwinds will be immaterial, while longer-term value generation will be driven by growing income and capital benefits from rating agency diversification. Property and casualty reinsurance is expected to provide supplemental earnings opportunities for Essent Re on an ongoing basis, with the company maintaining a measured and diversified capital strategy focused on balancing business investment with shareholder returns. Management remains committed to a long-term horizon for the title insurance business given persistent near-term headwinds from high rates.
| Metric | Target | Period |
|---|---|---|
| Average base premium rate | approximately 40 basis points | Full year 2026 |
| Mortgage insurance segment operating expenses | approximately $145 million | Full year 2026 |
| Annual effective tax rate | approximately 17% | 2026 |
Average base premium rate (Full year 2026): “We expect that the average base premium rate for the full year 2026 will be approximately 40 basis points.”
Mortgage insurance segment operating expenses (Full year 2026): “we expect that operating expenses for the mortgage insurance segment will be approximately $145 million for the full year 2026.”
Annual effective tax rate (2026): “For 2026, we estimate that the annual effective tax rate will be approximately 17%, excluding the impact of any discrete items.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 1.3B | 1.3B | 1.2B | 1.1B | 1.0B | 1.0B |
| Net Income | 686M | 690M | 729M | 696M | 831M | 682M |
| EPS | $7.12 | $6.90 | $6.85 | $6.50 | $7.72 | $6.11 |
| Free Cash Flow | 819M | 849M | 855M | 759M | 585M | 707M |
| ROIC | 0.0% | 11.6% | 13.0% | 14.6% | 19.1% | 16.8% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 | 0.10 |
| Dividends/Share | $1.32 | $1.24 | $1.12 | $1.00 | $0.86 | $0.70 |
| Operating Income | 0 | 822M | 855M | 823M | 988M | 822M |
| Operating Margin | 0.0% | 65.2% | 68.8% | 74.2% | 98.7% | 80.0% |
| ROE | 12.0% | 12.1% | 13.6% | 14.6% | 19.1% | 16.8% |
| Shares Outstanding | 93M | 100M | 106M | 107M | 108M | 112M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 239M | 353M | 458M | 577M | 719M | 868M | 955M | 1.0B | 1.0B | 1.1B | 1.2B | 1.3B | 1.3B |
| Gross Margin | 56.8% | 64.6% | 68.1% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 136M | 228M | 312M | 399M | 547M | 659M | 490M | 822M | 988M | 823M | 855M | 822M | 0 |
| Op. Margin | 56.8% | 64.6% | 68.1% | 69.1% | 76.0% | 76.0% | 51.3% | 80.0% | 98.7% | 74.2% | 68.8% | 65.2% | 0.0% |
| Net Income | 88M | 157M | 223M | 380M | 467M | 556M | 413M | 682M | 831M | 696M | 729M | 690M | 686M |
| Net Margin | 37.0% | 44.5% | 48.6% | 65.9% | 65.0% | 64.1% | 43.2% | 66.3% | 83.1% | 62.8% | 58.7% | 54.7% | 53.6% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -68K | -68K |
| Returns on Capital | |||||||||||||
| ROIC | 10.5% | 15.2% | 18.1% | 23.1% | 21.7% | 20.8% | 12.1% | 16.8% | 19.1% | 14.6% | 13.0% | 11.6% | 0.0% |
| ROE | 10.5% | 15.2% | 18.1% | 23.1% | 21.7% | 20.8% | 12.1% | 16.8% | 19.1% | 14.6% | 13.6% | 12.1% | 12.0% |
| ROA | 8.7% | 11.9% | 13.3% | 16.7% | 16.0% | 15.8% | 9.1% | 12.5% | 14.5% | 11.5% | 10.8% | 9.5% | 9.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 154M | 227M | 275M | 369M | 625M | 590M | 728M | 709M | 589M | 763M | 862M | 856M | 827M |
| Free Cash Flow | 150M | 222M | 271M | 366M | 621M | 586M | 725M | 707M | 585M | 759M | 855M | 849M | 819M |
| Owner Earnings | 139M | 210M | 254M | 346M | 607M | 569M | 706M | 685M | 567M | 740M | 831M | 830M | 802M |
| CapEx | 3.9M | 5.0M | 3.2M | 2.8M | 4.1M | 3.4M | 2.4M | 2.5M | 4.0M | 4.0M | 6.8M | 7.4M | 8.0M |
| Maint. CapEx | 2.5M | 3.2M | 4.1M | 3.9M | 3.4M | 3.8M | 3.3M | 3.4M | 3.0M | 4.5M | 5.8M | 5.2M | 5.1M |
| Growth CapEx | 1.4M | 1.7M | 0 | 0 | 650K | 0 | 0 | 0 | 957K | 0 | 983K | 2.1M | 2.9M |
| D&A | 2.5M | 3.2M | 4.1M | 3.9M | 3.4M | 3.8M | 3.3M | 3.4M | 3.0M | 4.5M | 5.8M | 5.2M | 5.1M |
| CapEx/OCF | 2.5% | 2.2% | 1.2% | 0.8% | 0.6% | 0.6% | 0.3% | 0.4% | 0.7% | 0.5% | 0.8% | 0.9% | 1.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 29M | 69M | 78M | 92M | 106M | 118M | 122M | 123M |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | 0.7% | 1.9% | 1.6% | 2.2% | 2.3% | 2.0% | 2.1% | 2.0% |
| Share Buybacks | 2.5M | 5.2M | 4.0M | 7.6M | 31M | 9.0M | 6.4M | 164M | 98M | 71M | 112M | 588M | 590M |
| Buyback Yield | 0.1% | 0.3% | 0.2% | 0.2% | 1.1% | 0.2% | 0.1% | 3.5% | 2.5% | 1.3% | 2.0% | 8.9% | 9.6% |
| Stock-Based Comp | 13M | 14M | 17M | 19M | 15M | 17M | 18M | 21M | 18M | 18M | 25M | 21M | 19M |
| Debt Repayment | 0 | 0 | 2.4M | 2.7M | 580K | 15K | 6.2M | 5.8M | 154K | 0 | 8.5M | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | -111M | -60M | -108M | 4.3M | -162M | -4.3B | -4.6B | -4.4B | -5.0B | -5.5B | -5.7B | 393M |
| Cash & Equiv. | 24M | 25M | 28M | 44M | 65M | 71M | 103M | 81M | 81M | 142M | 131M | 123M | 103M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 498M | 0 | N/A |
| Debt/Equity | 0.24 | 0.00 | 0.07 | 0.13 | 0.09 | 0.08 | 0.08 | 0.10 | 0.09 | 0.08 | 0.09 | 0.09 | 0.09 |
| Interest Coverage | N/A | N/A | 732.1 | 77.0 | 53.7 | 64.9 | 54.0 | 99.3 | 63.3 | 27.3 | 24.2 | 25.1 | 25.1 |
| Equity | 956M | 1.1B | 1.3B | 1.9B | 2.4B | 3.0B | 3.9B | 4.2B | 4.5B | 5.1B | 5.6B | 5.8B | 5.7B |
| Total Assets | 1.2B | 1.5B | 1.9B | 2.7B | 3.1B | 3.9B | 5.2B | 5.7B | 5.7B | 6.4B | 7.1B | 7.4B | 7.6B |
| Total Liabilities | 226M | 350M | 539M | 734M | 784M | 889M | 1.3B | 1.5B | 1.3B | 1.3B | 1.5B | 1.7B | 1.9B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 23M | 31M | 29M | 0 |
| Retained Earnings | 56M | 214M | 436M | 815M | 1.3B | 1.8B | 2.2B | 2.8B | 3.5B | 4.1B | 4.7B | 5.3B | 5.4B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.03 | 1.72 | 2.41 | 3.99 | 4.77 | 5.66 | 3.88 | 6.11 | 7.72 | 6.50 | 6.85 | 6.90 | 7.12 |
| Owner EPS | 1.61 | 2.29 | 2.75 | 3.64 | 6.19 | 5.80 | 6.63 | 6.14 | 5.27 | 6.91 | 7.80 | 8.30 | 8.62 |
| Book Value | 11.12 | 12.24 | 14.55 | 20.39 | 24.14 | 30.40 | 36.28 | 37.96 | 41.44 | 47.63 | 52.63 | 57.57 | 61.20 |
| Cash Flow/Share | 1.79 | 2.48 | 2.97 | 3.87 | 6.38 | 6.01 | 6.84 | 6.36 | 5.47 | 7.12 | 8.09 | 8.56 | 7.43 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.30 | 0.64 | 0.70 | 0.86 | 1.00 | 1.12 | 1.24 | 1.32 |
| Shares Out. | 85.9M | 91.5M | 92.4M | 95.2M | 98.0M | 98.2M | 106.5M | 111.6M | 107.7M | 107.1M | 106.5M | 100.0M | 93.1M |
| Valuation | |||||||||||||
| P/E Ratio | 22.1 | 11.6 | 12.0 | 10.0 | 6.2 | 8.3 | 10.3 | 6.9 | 4.7 | 8.0 | 7.8 | 9.5 | 9.2 |
| P/FCF | 13.1 | 8.3 | 9.8 | 10.4 | 4.7 | 7.9 | 5.9 | 6.6 | 6.7 | 7.3 | 6.7 | 7.8 | 7.5 |
| EV/EBIT | N/A | 7.5 | 8.3 | 9.1 | 5.2 | 2.1 | N/A | 0.1 | N/A | 0.7 | 0.2 | 1.0 | N/A |
| Price/Book | 2.0 | 1.6 | 2.0 | 2.0 | 1.2 | 1.5 | 1.1 | 1.1 | 0.9 | 1.1 | 1.0 | 1.1 | 1.1 |
| Price/Sales | 7.1 | 5.9 | 4.3 | 5.7 | 4.9 | 4.8 | 3.9 | 4.6 | 4.1 | 4.2 | 4.8 | 4.7 | 4.8 |
| FCF Yield | 7.7% | 12.1% | 10.2% | 9.6% | 21.3% | 12.7% | 17.1% | 15.1% | 14.9% | 13.7% | 15.0% | 12.9% | 13.4% |
| Market Cap | 2.0B | 1.8B | 2.7B | 3.8B | 2.9B | 4.6B | 4.3B | 4.7B | 3.9B | 5.5B | 5.7B | 6.6B | 6.1B |
| Avg. Price | 19.70 | 22.74 | 21.14 | 34.31 | 35.98 | 42.09 | 34.95 | 42.37 | 38.37 | 43.85 | 56.13 | 59.04 | 65.75 |
| Year-End Price | 22.76 | 20.01 | 28.80 | 39.91 | 29.74 | 47.05 | 39.96 | 41.95 | 36.50 | 51.73 | 53.46 | 65.86 | 65.75 |
Essent Group Ltd. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Essent Group Ltd. trades at 9.5x trailing earnings, compared to its 15-year median P/E of 8.1x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 7.3x vs a median of 7.0x. The company's 5-year average ROIC is 15.0%. Total shareholder yield (dividends + buybacks) is 11.6%. At current prices, the estimated annualized return to fair value is +4.3%.
Essent Group Ltd. (ESNT) has a net profit margin of 54.7%. This is a strong margin indicating high profitability.
Essent Group Ltd. (ESNT) generated $849 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Essent Group Ltd. (ESNT) has a debt-to-equity ratio of 0.09. This indicates a conservatively financed balance sheet.
Essent Group Ltd. (ESNT) reported earnings per share (EPS) of $6.90 in its most recent fiscal year.
Essent Group Ltd. (ESNT) has a return on equity (ROE) of 12.1%. This indicates moderate shareholder returns.
The Ledger Terminal provides 14 years of financial data for Essent Group Ltd. (ESNT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Essent Group Ltd. (ESNT) has a book value per share of $57.57, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects housing to remain in a near-term pause as affordability and higher rates continue to temper originations, but believes favorable demographics, supply constraints, and increasing pent-up demand will support the mortgage insurance business when affordability improves. The company anticipates that near-term earnings impact from housing headwinds will be immaterial, while longer-term value generation will be driven by growing income and capital benefits from rating agency diversification. Property and casualty reinsurance is expected to provide supplemental earnings opportunities for Essent Re on an ongoing basis, with the company maintaining a measured and diversified capital strategy focused on balancing business investment with shareholder returns. Management remains committed to a long-term horizon for the title insurance business given persistent near-term headwinds from high rates.
Based on recent SEC filings and earnings calls, Essent Group Ltd. (ESNT) has provided the following forward guidance: Average base premium rate: approximately 40 basis points (Full year 2026); Mortgage insurance segment operating expenses: approximately $145 million (Full year 2026); Annual effective tax rate: approximately 17% (2026).