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) 6,689 0% 6.6 4% 20,988 15,094 6,574 0 746 992 6,589
Renaissancere Holdings (RNR) 6,298 0% 10.3 2% 24,560 16,896 2,464 0 579 631 6,471
Hanover Insurance Group (THG) 5,247 0% 10.7 4% 12,160 9,219 4,688 0 442 533 5,720
Kemper (KMPR) 5,145 0% 8.6 3% 12,616 8,933 4,802 0 376 690 5,914
Axis Capital Holdings (AXS) 5,046 0% 16.4 1% 25,870 20,304 3,877 0 152 241 3,952
MGIC Investment (MTG) 5,036 0% 6.4 11% 6,056 2,020 1,160 0 659 880 5,643
Radian Group (RDN) 4,834 93% 5.6 9% 6,592 2,809 1,421 1,318 620 849 4,755
Essent Group (ESNT) 4,820 0% 8.3 14% 3,540 836 791 0 509 606 5,020
Selective Insurance Group (SIGI) 4,547 0% 16.1 3% 8,576 6,516 2,715 0 241 322 5,164
Assured Guaranty (AGO) 4,405 0% 9.0 3% 13,581 6,859 949 0 445 607 5,444
RLI (RLI) 3,877 0% 27.7 4% 3,375 2,415 915 0 125 144 4,001
Enstar (ESGR) 3,689 0% 6.4 3% 18,225 13,262 2,012 0 491 572 3,662
White Mountains Insurance Group (WTM) 3,433 10% 14.9 5% 3,752 744 767 75 178 236 3,513
Mercury General (MCY) 3,399 69% 11.4 3% 5,717 3,949 2,896 1,993 196 278 3,158
National General Holdings (NGHC) 2,687 0% 6.6 3% 9,667 7,206 4,858 0 264 475 3,158
Aspen Insurance Holdings (AHL) 2,528 0% -17.0 -1% 12,978 10,261 2,454 0 -147 -116 1,977
Proassurance (PRA) 2,167 0% 29.8 1% 4,786 3,205 937 0 50 79 2,364
Kinsale Capital Group (KNSL) 2,144 0% 35.3 5% 895 587 262 0 49 59 2,066
Navigators Group (NAVG) 2,086 0% 38.2 0% 5,856 4,626 1,527 0 2 48 1,844
NMI Holdings (NMIH) 1,953 0% 11.5 11% 1,220 408 320 0 132 179 2,066

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