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Essent Group Ltd. and Subsidiaries
2024 Historical Quarterly Segment Information
(Unaudited)
The following tables set forth quarterly financial information for our reportable business segment, Mortgage Insurance, our Corporate & Other category and our consolidated results for the year ended December 31, 2024 (unaudited). Our Corporate & Other category is used to reconcile our reportable business segment to consolidated results and includes business activities associated with our title insurance operations, income and losses from holding company treasury operations, and general corporate operating expenses not attributable to our operating segments.
Mortgage Insurance
2024
December 31September 30June 30March 31
($ in thousands)
Revenues:
Net premiums earned$227,863 $231,249 $235,258 $230,306 
Net investment income46,191 46,241 46,708 44,201 
Realized investment gains (losses), net(120)73 (1,156)(1,140)
Income (loss) from other invested assets2,925 3,132 1,633 (519)
Other income3,884 3,706 4,662 1,900 
Total revenues280,743 284,401 287,105 274,748 
Losses and expenses:
Provision (benefit) for losses and LAE37,254 29,816 (1,225)9,337 
Compensation and benefits18,037 17,656 17,756 18,707 
Premium and other taxes5,968 5,863 5,568 5,608 
Ceding commission(6,547)(6,433)(5,715)(5,553)
Other underwriting and operating expenses11,779 10,798 10,787 11,465 
Net operating expenses before allocations29,237 27,884 28,396 30,227 
Corporate expense allocations10,657 10,672 10,840 11,618 
Operating expenses after allocations39,894 38,556 39,236 41,845 
Income before income tax expense$203,595 $216,029 $249,094 $223,566 
Loss Ratio (1)16.3 %12.9 %(0.5)%4.1 %
Expense Ratio (2)17.5 %16.7 %16.7 %18.2 %
Combined Ratio33.8 %29.6 %16.2 %22.3 %
(1) Loss ratio is calculated by dividing the provision (benefit) for losses and LAE by net premiums earned.
(2) Expense ratio is calculated by dividing operating expenses after allocations by net premiums earned.


Essent Group Ltd. and Subsidiaries
Supplemental Information
2024 Historical Quarterly Segment Information
(Unaudited)
Corporate & Other
2024
December 31September 30June 30March 31
($ in thousands)
Revenues:
Net premiums earned$16,602 $17,687 $16,633 $15,284 
Net investment income10,368 11,099 9,378 7,884 
Realized investment gains (losses), net6 (5)(8)— 
Income (loss) from other invested assets3,964 (312)(2,052)(1,396)
Other income3,344 3,708 1,886 1,837 
Total revenues34,284 32,177 25,837 23,609 
Losses and expenses:
Provision for losses and LAE3,721 850 891 576 
Compensation and benefits16,490 16,136 15,608 16,002 
Premium and other taxes569 432 370 126 
Other underwriting and operating expenses24,655 22,429 21,828 20,485 
Net operating expenses before allocations41,714 38,997 37,806 36,613 
Corporate expense allocations(10,657)(10,672)(10,840)(11,618)
Operating expenses after allocations31,057 28,325 26,966 24,995 
Interest expense8,151 11,457 7,849 7,862 
Loss before income tax expense$(8,645)$(8,455)$(9,869)$(9,824)

Consolidated
2024
December 31September 30June 30March 31
($ in thousands)
Revenues:
Net premiums earned$244,465 $248,936 $251,891 $245,590 
Net investment income56,559 57,340 56,086 52,085 
Realized investment gains (losses), net(114)68 (1,164)(1,140)
Income (loss) from other invested assets6,889 2,820 (419)(1,915)
Other income7,228 7,414 6,548 3,737 
Total revenues315,027 316,578 312,942 298,357 
Losses and expenses:
Provision (benefit) for losses and LAE40,975 30,666 (334)9,913 
Compensation and benefits34,527 33,792 33,364 34,709 
Premium and other taxes6,537 6,295 5,938 5,734 
Ceding commission(6,547)(6,433)(5,715)(5,553)
Other underwriting and operating expenses36,434 33,227 32,615 31,950 
Total other underwriting and Operating expenses70,951 66,881 66,202 66,840 
Interest expense8,151 11,457 7,849 7,862 
Income before income tax expense$194,950 $207,574 $239,225 $213,742