Essent Group Ltd
For the period ended Dec 31, 2024. Filed Feb 19, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 19, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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SIGNATURES
Under the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, this report was signed on behalf of the Registrant by the authorized person named below in Radnor, Pennsylvania on the 18th day of February, 2025.
| ESSENT GROUP LTD. | ||
| By: | /s/ MARK A. CASALE | |
| Name: | Mark A. Casale | |
| Title: | Chairman of the Board of Directors, Chief Executive Officer and President | |
Under the requirements of the Securities Exchange Act of 1934, this report was signed by the following persons on behalf of the Registrant and in the capacities and on the date indicated.
| Signature | Title | Date |
|---|---|---|
| /s/ MARK A. CASALE | Chairman of the Board of Directors, Chief Executive Officer and President (Principal Executive Officer) | February 18, 2025 |
| Mark A. Casale | ||
| /s/ DAVID B. WEINSTOCK | Senior Vice President, Chief Financial Officer (Principal Financial and Accounting Officer) | February 18, 2025 |
| David B. Weinstock | ||
| /s/ ADITYA DUTT | Director | February 18, 2025 |
| Aditya Dutt | ||
| /s/ ROBERT GLANVILLE | Director | February 18, 2025 |
| Robert Glanville | ||
| /s/ ANGELA HEISE | Director | February 18, 2025 |
| Angela Heise | ||
| /s/ HENNA KARNA | Director | February 18, 2025 |
| Henna Karna | ||
| /s/ ROY J. KASMAR | Director | February 18, 2025 |
| Roy J. Kasmar | ||
| /s/ ALLAN LEVINE | Director | February 18, 2025 |
| Allan Levine | ||
| /s/ DOUGLAS J. PAULS | Director | February 18, 2025 |
| Douglas J. Pauls | ||
| /s/ WILLIAM SPIEGEL | Director | February 18, 2025 |
| William Spiegel | ||
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TABLE OF CONTENTS
SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS
RISK FACTOR SUMMARY
PART I
ITEM 1. BUSINESS
Residential Purchase vs. Refinancing Mortgage Originations ($ in billions)
Relative Share of Private and Public Mortgage Insurance
Private mortgage insurance NIW ($ in billions)
Portfolio by Credit Score
Portfolio by LTV
Portfolio by Loan Amortization Period
Top Ten States
Top Ten Metropolitan Statistical Areas
Number of Loans in Default and Default Rate
Loan Defaults by Originating Year
ITEM 1A. RISK FACTORS
ITEM 1B. UNRESOLVED STAFF COMMENTS
ITEM 2. PROPERTIES
ITEM 3. LEGAL PROCEEDINGS
ITEM 4. MINE SAFETY DISCLOSURES
PART II
ITEM 5. MARKET FOR THE COMPANY'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
ITEM 6. [RESERVED]
ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
Investment Portfolio by Asset Class
Investment Portfolio by Rating
Investment Portfolio by Effective Duration
Top Ten Portfolio Holdings
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
INDEX TO FINANCIAL STATEMENTS
Report of Independent Registered Public Accounting Firm
Essent Group Ltd. and Subsidiaries Consolidated Balance Sheets
Essent Group Ltd. and Subsidiaries Consolidated Statements of Comprehensive Income
Essent Group Ltd. and Subsidiaries Consolidated Statements of Changes in Stockholders' Equity
Essent Group Ltd. and Subsidiaries Consolidated Statements of Cash Flows
Essent Group Ltd. and Subsidiaries Notes to Consolidated Financial Statements
Essent Group Ltd. and Subsidiaries Schedule I—Summary of Investments—Other Than Investments in Related Parties
Essent Group Ltd. and Subsidiaries Schedule II—Financial Information of Registrant Balance Sheets Parent Company Only
Essent Group Ltd. and Subsidiaries Schedule II—Condensed Financial Information of Registrant Condensed Statements of Comprehensive Income Parent Company Only
Essent Group Ltd. and Subsidiaries Schedule II—Condensed Financial Information of Registrant Condensed Statements of Cash Flows Parent Company Only
Essent Group Ltd. and Subsidiaries Schedule II—Condensed Financial Information of Registrant Parent Company Only Supplementary Notes
Schedule IV—Reinsurance
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE
ITEM 9A. CONTROLS AND PROCEDURES
ITEM 9B. OTHER INFORMATION
ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS
PART III
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
ITEM 11. EXECUTIVE COMPENSATION
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
PART IV
ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
ITEM 16. FORM 10-K SUMMARY
SIGNATURES
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.