Essent Group Ltd.
For the period ended Jun 30, 2025. Filed Aug 8, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 8, 2025
ESNT$64.68-1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows (Unaudited)
| Six Months Ended June 30, | ||
|---|---|---|
| (In thousands) | 2025 | 2024 |
| Operating Activities | ||
| Net income | $370,772 | $385,328 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Realized investment losses, net | 310 | 2,304 |
| (Income) loss from other invested assets | (11,874) | 2,334 |
| Distribution of income from other invested assets | 3,327 | 3,124 |
| Depreciation and amortization | 2,714 | 2,859 |
| Stock-based compensation expense | 12,942 | 13,792 |
| Amortization of premium on investment securities | 7,007 | 9,675 |
| Deferred income tax provision | 21,409 | 20,623 |
| Change in: | ||
| Accrued investment income | (2,208) | 155 |
| Accounts receivable | 3,786 | 9,992 |
| Deferred policy acquisition costs | 416 | (60) |
| Prepaid federal income tax | (7,756) | (16,810) |
| Other assets | (2,147) | 1,513 |
| Reserve for losses and LAE | 35,883 | 593 |
| Unearned premium reserve | (13,601) | (13,347) |
| Other accrued liabilities | (9,876) | (16,449) |
| Net cash provided by operating activities | 411,104 | 405,626 |
| Investing Activities | ||
| Net change in short-term investments | 180,990 | (594,781) |
| Purchase of investments available for sale | (602,313) | (63,548) |
| Proceeds from maturity and paydowns of investments available for sale | 414,860 | 245,491 |
| Proceeds from sales of investments available for sale | 6,226 | 174,121 |
| Purchase of other invested assets | (48,617) | (12,816) |
| Return of investment from other invested assets | 1,241 | 1,803 |
| Purchase of property and equipment | (963) | (5,542) |
| Net cash used in investing activities | (48,576) | (255,272) |
| Financing Activities | ||
| Treasury stock acquired | (339,362) | (35,549) |
| Dividends paid | (62,530) | (59,190) |
| Net cash used in financing activities | (401,892) | (94,739) |
| Net (decrease) increase in cash | (39,364) | 55,615 |
| Cash at beginning of year | 131,480 | 141,787 |
| Cash at end of period | $92,116 | $197,402 |
| Supplemental Disclosure of Cash Flow Information | ||
| Income tax payments | $(53,737) | $(51,526) |
| Interest payments | (15,625) | (15,444) |
| Noncash Transactions | ||
| Excise taxes payable for share repurchases | $950 | $— |
| Lease liabilities arising from obtaining right-of-use assets | 4,294 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.