Company Quick10K Filing
Essent Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 98 $4,820
10-K 2020-02-18 Annual: 2019-12-31
10-Q 2019-11-08 Quarter: 2019-09-30
10-Q 2019-08-05 Quarter: 2019-06-30
10-Q 2019-05-06 Quarter: 2019-03-31
10-K 2019-02-19 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-06 Quarter: 2018-06-30
10-Q 2018-05-08 Quarter: 2018-03-31
10-K 2018-02-20 Annual: 2017-12-31
10-Q 2017-11-09 Quarter: 2017-09-30
10-Q 2017-08-07 Quarter: 2017-06-30
10-Q 2017-05-09 Quarter: 2017-03-31
10-K 2017-02-16 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-29 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-10 Quarter: 2015-06-30
10-K 2015-02-27 Annual: 2014-12-31
10-Q 2015-05-11 Quarter: 2014-12-31
10-Q 2014-11-14 Quarter: 2014-09-30
10-Q 2014-08-14 Quarter: 2014-06-30
10-Q 2014-05-15 Quarter: 2014-03-31
10-K 2014-03-10 Annual: 2013-12-31
8-K 2020-02-14 Earnings, Exhibits
8-K 2019-11-08 Earnings, Exhibits
8-K 2019-10-21
8-K 2019-08-02 Earnings, Exhibits
8-K 2019-06-24 Other Events, Exhibits
8-K 2019-05-03 Earnings, Exhibits
8-K 2019-03-01 Other Events, Exhibits
8-K 2019-02-08 Earnings, Exhibits
8-K 2018-11-09 Earnings, Exhibits
8-K 2018-09-06 Other Events, Exhibits
8-K 2018-08-03 Earnings, Exhibits
8-K 2018-05-04 Earnings, Exhibits
8-K 2018-05-02 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-03-29 Other Events, Exhibits
8-K 2018-03-23 Other Events, Exhibits
8-K 2018-03-15 Other Events, Exhibits
8-K 2018-02-09 Earnings, Exhibits

Essent Group Financials

ESNT Metrics, Comps, Filings

Annual | Quarterly

Business

We are an established and growing private mortgage insurance company. Private mortgage insurance plays a critical role in the U.S. housing finance system. Essent and other private mortgage insurers provide credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. In doing so, we provide private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners.

Private mortgage insurance helps extend affordable home ownership by facilitating the sale of low down payment loans into the secondary market. The GSEs purchase residential mortgages from banks and other lenders and guaranty mortgage-backed securities that are offered to investors in the secondary mortgage market. The GSEs, which are U.S. Federal government-sponsored enterprises, are restricted by their charters from purchasing or guaranteeing low down payment loans, defined as loans with less than a 20% down payment, that are not covered by certain credit protections. Private mortgage insurance satisfies the GSEs' credit protection requirements for low down payment loans, supporting a robust secondary mortgage market in the United States.

Our primary U.S. mortgage insurance subsidiary, Essent Guaranty, Inc., received its certificate of authority from the Pennsylvania Insurance Department in July 2009. We subsequently acquired our mortgage insurance platform from a former private mortgage insurance industry participant and, in 2010, became the first private mortgage insurer to be approved since 1995 by Fannie Mae and Freddie Mac, which we refer to collectively as the GSEs. We are licensed to write coverage in all 50 states and the District of Columbia.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Old Republic (ORI) 7,037 0% 8.0 3% 21,182 15,388 6,565 0 674 870 6,927
Renaissancere Holdings (RNR) 8,388 0% 18.3 2% 25,644 16,914 3,036 0 435 490 8,977
Hanover Insurance Group (THG) 5,388 0% 10.0 3% 12,627 9,540 4,736 0 439 526 5,231
Kemper (KMPR) 5,246 0% 10.5 3% 12,820 8,926 4,850 0 413 563 5,930
Axis Capital Holdings (AXS) 5,663 0% 11.2 1% 25,496 19,910 3,836 0 324 398 4,454
MGIC Investment (MTG) 4,777 0% 6.3 11% 6,147 1,987 902 0 654 861 5,438
Radian Group (RDN) 5,054 93% 6.0 10% 6,671 2,748 1,139 1,058 651 831 5,002
Essent Group (ESNT) 4,861 0% 8.0 14% 3,722 867 639 0 537 627 5,037
Selective Insurance Group (SIGI) 4,427 0% 16.0 3% 8,719 6,582 2,761 0 251 317 5,074
Assured Guaranty (AGO) 4,602 0% 10.8 3% 13,367 6,715 667 0 353 517 5,607
RLI (RLI) 4,254 0% 29.2 3% 3,505 2,505 739 0 118 149 4,339
Enstar (ESGR) 4,161 0% 5.6 3% 18,213 13,128 2,228 0 629 714 4,031
White Mountains Insurance Group (WTM) 3,433 0% 9.4 9% 3,836 765 724 0 331 374 3,514
Mercury General (MCY) 3,060 100% 9.6 4% 5,873 4,071 2,985 2,977 207 285 2,744
National General Holdings (NGHC) 2,655 0% 6.6 3% 10,074 7,542 4,997 0 267 470 3,122
Aspen Insurance Holdings (AHL) 2,528 0% -16.3 -1% 12,978 10,261 2,454 0 -147 -121 1,977
Proassurance (PRA) 2,166 0% 37.4 1% 4,824 3,235 750 0 36 63 2,352
Kinsale Capital Group (KNSL) 2,244 0% 36.6 5% 1,036 646 280 0 50 59 2,158
Navigators Group (NAVG) 2,086 0% 39.0 0% 5,856 4,626 1,527 0 2 47 1,844
NMI Holdings (NMIH) 1,890 0% 9.4 12% 1,301 428 274 0 157 211 1,992

Balance Sheet ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash8954465
Accounts Receivable1617223037
Inventory
PP&E69878
Assets9571,1201,4442,6743,150
Accounts Payable
Long-Term Debt225
Liabilities10101734784
Stockholders' Equity9562201,344663799
Income Statement ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue101577719
Cost of Revenue
Gross Profit
R&D
SG&A
Tax116311979
Net Income88157223380467
Cash Flow ($MM)2014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating101011369625
Cash Investing-371-6-110-690-547
Cash Financing126-395338-57