AI-extracted from the 10-Q filed 2026-08-07 — Q2 2026 (six months ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income of $361.5M driven by $536.9M net premiums earned and $120.9M net investment income, with mortgage insurance segment generating $402.7M pre-tax income as portfolio matures.
Biggest Revenue Drivers
Net premiums earned$536.9M+8.5% YoY
Increase driven by property and casualty reinsurance assumed beginning January 1, 2026, partially offset by lower mortgage insurance average net premium rates.
Net investment income$120.9M+2.9% YoY
Increase due to higher pre-tax investment income yield (3.89% vs. 3.81%) and stable average portfolio balance of $6.4B.
Biggest Revenue Drivers
Total revenue: $698.8M+9.8% YoY
Net premiums earned$536.9M+8.5% YoY
Increase driven by property and casualty reinsurance assumed beginning January 1, 2026, partially offset by lower mortgage insurance average net premium rates.
Net investment income$120.9M+2.9% YoY
Increase due to higher pre-tax investment income yield (3.89% vs. 3.81%) and stable average portfolio balance of $6.4B.
Other income$11.7M-9.7% YoY
Decline in underwriting consulting services revenues to third-party reinsurers, partially offset by title settlement services and contract underwriting.
Largest Expense Items
Other underwriting and operating expenses$148.2M+10.7% YoY
Increase driven by higher acquisition costs and professional fees related to property and casualty reinsurance, partially offset by lower Mortgage Insurance segment headcount.
Interest expense$16.3M0% YoY
No change; $500M senior notes at 6.25% weighted average rate.
Margins: Combined ratio for Mortgage Insurance improved to 31.6% from 27.5% YoY due to aging portfolio entering peak claim years, offset by favorable prior-year development of $54.2M. Reinsurance segment's combined ratio widened to 74.6% from 18.1% due to property and casualty business assumed at higher loss ratios.
Watch Items from the Filing
Mortgage insurance portfolio aging: 47% of IIF is at least three years old as of June 30, 2026, entering peak claims period; provision for losses increased 101% YoY, and average reserve per default rose to $23.4K from $20.0K.
Property and casualty reinsurance concentration: Effective January 1, 2026, Essent Re began reinsuring P&C risks; non-mortgage premiums represented 83% of Reinsurance segment NIW in Q2 2026 with 39.3% loss ratio vs. 0.3% for mortgage business.
Bermuda tax exposure: Company qualifies for LIP exemption from 15% corporate income tax for five years ending December 2028; future strategic decisions could impact qualification, and exemption interpretation remains subject to regulatory risk.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Connor Martin P.DirectorGrant or award · Sep 10, 2026
Karna AnuDirectorGrant or award · Sep 10, 2026
Curran Christopher GPres., Essent Guaranty, Inc.Grant or award · Sep 10, 2026
Congress trading in ESNT
2 transactions in ESNT reported by 1 member of Congress under the STOCK Act, most recent trade Jun 17, 2025. Reported transactions, not recommendations.
About Essent Group Ltd. (ESNT): stock profile, AI score and financials
Essent Group Ltd. (ESNT) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores ESNT at 60.1/100 on a composite quality score built from its SEC filings, placing it at rank #875 of 2,925 stocks — the top half of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), Essent Group Ltd. reports quarterly revenue of $362.7M, net income of $189.7M, an operating margin of 63.5%. Top institutional holders of ESNT by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, DIMENSIONAL FUND ADVISORS, based on the most recent SEC filings. ESNT trades on the NYSE exchange and files with the SEC under CIK 1448893. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate ESNT daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Essent Group Ltd. directly from SEC EDGAR.