Essent Group Ltd. Announces Fourth Quarter & Full Year 2025 Results and Increases Quarterly Dividend

Essent Group Ltd. Announces Fourth Quarter & Full Year 2025 Results and Increases Quarterly Dividend February 13, 2026 6:30 AM HAMILTON, Bermuda, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended December 31, 2025 of $155.0 million or $1.60 per diluted share, compared to $167.9 million or $1.58 per diluted share for the quarter ended December 31, 2024. For the full year 2025, net income was $690.0 million or $6.90 per diluted share, compared to $729.4 million or $6.85 per diluted share for 2024. Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share. The dividend is payable on March 23, 2026 to shareholders of record on March 13, 2026. “We are pleased to report strong operating performance in the fourth quarter and full year 2025, which underscores the resilience of our business model and our ability to generate sustainable, long-term value for our shareholders,” said Mark A. Casale, Chairman and Chief Executive Officer. “Our commitment to a balanced capital management strategy remains a priority, while our strong capital position and cash flow enabled us to return nearly $700 million to shareholders in 2025 through dividends and repurchases, while retiring nearly 10% of our outstanding shares.” Financial Highlights: Mortgage Insurance new insurance written for the fourth quarter of 2025 was $11.8 billion, compared to $12.2 billion in both the third quarter of 2025 and fourth quarter of 2024.Mortgage Insurance in force as of December 31, 2025 was $248.4 billion, compared to $248.8 billion as of September 30, 2025 and $243.6 billion as of December 31, 2024.Essent Guaranty entered into a quota share reinsurance agreement during the fourth quarter of 2025 with a panel of highly rated third-party reinsurers covering 20% of all eligible policies written in 2027.During the fourth quarter of 2025, Essent Re entered into quota share agreements backed by Funds at Lloyd’s to reinsure certain property and casualty risks effective in the first quarter of 2026.All third-party reinsurance written by Essent Re is now reported as a segment, called Reinsurance.In 2025, Essent repurchased 9.9 million common shares for $576 million. Conference Call: Essent management will hold a conference call at 10:00 AM Eastern time today to discuss its results. The conference call will be broadcast live over the Internet at http://ir.essentgroup.com/events-and-presentations/events/default.aspx. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent. A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year. A replay of the conference call will be available approximately two hours after the call ends for a period of two weeks, using the following dial-in numbers and passcode: 800-770-2030 inside the U.S., or 647-362-9199 for international callers, passcode 9824537. In addition to the information provided in the Company's earnings news release, other statistical and financial information, which may be referred to during the conference call, will be available on Essent's website at http://ir.essentgroup.com/financials/quarterly-results/default.aspx. Forward-Looking Statements: This press release may include “forward-looking statements” which are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," “should,” “expect,” "plan," "anticipate," "believe," “estimate,” “predict,” or "potential" or the negative thereof or variations thereon or similar terminology. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, the following: changes in or to Fannie Mae and Freddie Mac (the “GSEs”), whether through Federal legislation, restructurings or a shift in business practices; failure to continue to meet the mortgage insurer eligibility requirements of the GSEs; competition for customers or the loss of a significant customer; lenders or investors seeking alternatives to private mortgage insurance; an increase in the number of loans insured through Federal government mortgage insurance programs; decline in the volume of low down payment mortgage originations; uncertainty of loss reserve estimates; decrease in the length of time our insurance policies are in force; deteriorating economic conditions; and other risks and factors described in Part I, Item 1A “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on February 19, 2025, as subsequently updated through other reports we file with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise. About the Company: Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, “Essent”) offering private mortgage insurance, reinsurance, and title insurance and settlement services to serve the housing finance industry. Additional information regarding Essent may be found at www.essentgroup.com. Source: Essent Group Ltd. Media Contact 610.230.0556 [email protected] Investor Relations Contact Philip Stefano Vice President, Investor Relations 855-809-ESNT [email protected] Essent Group Ltd. and Subsidiaries Financial Results and Supplemental Information (Unaudited) Quarter and Year Ended December 31, 2025 Exhibit A Condensed Consolidated Statements of Comprehensive Income (Unaudited) Exhibit B Condensed Consolidated Balance Sheets (Unaudited) Exhibit C Consolidated Historical Quarterly Data (Unaudited) Exhibit D Annual Segment Results (Unaudited) Exhibit E Historical Quarterly Segment Information (Unaudited) Exhibit F Mortgage Insurance - Historical Quarterly Data Exhibit G Mortgage Insurance - New Insurance Written Exhibit H Mortgage Insurance - Insurance in Force and Risk in Force Exhibit I Mortgage Insurance - Vintage Data Exhibit J Mortgage Insurance - Outward Reinsurance Vintage Data Exhibit K Mortgage Insurance - Geographic Data Exhibit L Mortgage Insurance - Rollforward of Defaults and Reserve for Losses and LAE Exhibit M Mortgage Insurance - Detail of Reserves by Default Delinquency Exhibit N U.S. Mortgage Insurance Company Capital Exhibit O Reinsurance Exhibit P Cash & Investments Exhibit A Essent Group Ltd. and SubsidiariesCondensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended December 31, Year Ended December 31,(In thousands, except per share amounts) 2025 2024 2025 2024 Revenues: Direct premiums written$279,255 $279,008 $1,107,317 $1,098,603 Ceded premiums (41,378) (39,499) (147,853) (132,023)Net premiums written 237,877 239,509 959,464 966,580 Decrease in unearned premiums 4,852 4,956 24,254 24,302 Net premiums earned 242,729 244,465 983,718 990,882 Net investment income 59,223 56,559 236,517 222,070 Realized investment losses, net (188) (114) (923) (2,350)Income from other invested assets 3,942 6,889 17,586 7,375 Other income 6,698 7,228 24,037 24,927 Total revenues 312,404 315,027 1,260,935 1,242,904 Losses and expenses: Provision for losses and LAE 56,073 40,975 149,337 81,220 Other underwriting and operating expenses 63,653 70,951 257,040 270,874 Interest expense 8,149 8,151 32,696 35,319 Total losses and expenses 127,875 120,077 439,073 387,413 Income before income taxes 184,529 194,950 821,862 855,491 Income tax expense 29,547 27,050 131,893 126,088 Net income$154,982 $167,900 $689,969 $729,403 Earnings per share: Basic$1.62 $1.60 $6.97 $6.92 Diluted 1.60 1.58 6.90 6.85 Weighted average shares outstanding: Basic 95,772 104,963 98,999 105,394 Diluted 96,664 106,104 100,023 106,550 Net income$154,982 $167,900 $689,969 $729,403 Other comprehensive income (loss): Change in unrealized appreciation (depreciation) of investments 13,440 (113,705) 151,999 (23,488)Comprehensive income$168,422 $54,195 $841,968 $705,915 Exhibit B Essent Group Ltd. and SubsidiariesCondensed Consolidated Balance Sheets (Unaudited) December 31, December 31,(In thousands, except per share amounts) 2025 2024 Assets Investments Fixed maturities available for sale, at fair value$5,455,593 $5,112,697 Short-term investments available for sale, at fair value 648,492 764,024 Total investments available for sale 6,104,085 5,876,721 Other invested assets 382,513 303,900 Total investments 6,486,598 6,180,621 Cash 123,049 131,480 Accrued investment income 47,371 43,732 Accounts receivable 51,267 55,564 Deferred policy acquisition costs 9,547 9,653 Property, equipment and software, net 49,189 41,871 Prepaid federal income tax 513,425 489,600 Goodwill and acquired intangible assets, net 78,153 79,556 Other assets 82,404 79,572 Total assets$7,441,003 $7,111,649 Liabilities and Stockholders' Equity Liabilities Reserve for losses and LAE$446,822 $328,866 Unearned premium reserve 91,730 115,983 Net deferred tax liability 465,351 392,428 Senior notes due 2029, net 495,301 493,959 Other accrued liabilities 185,072 176,755 Total liabilities 1,684,276 1,507,991 Commitments and contingencies Stockholders' Equity Common shares, $0.015 par value: Authorized - 233,333; issued and outstanding - 95,456 shares in 2025 and 105,015 shares in 2024 1,432 1,575 Additional paid-in capital 649,895 1,214,956 Accumulated other comprehensive income (loss) (151,985) (303,984)Retained earnings 5,257,385 4,691,111 Total stockholders' equity 5,756,727 5,603,658 Total liabilities and stockholders' equity$7,441,003 $7,111,649 Return on average equity 12.1% 13.6% Exhibit CEssent Group Ltd. and SubsidiariesSupplemental InformationConsolidated Historical Quarterly Data (Unaudited) 2025 2024 December 31 September 30 June 30 March 31 December 31(In thousands, except per share amounts) Revenues: Net premiums earned $242,729 $246,332 $248,809 $245,848 $244,465 Net investment income 59,223 59,795 59,289 58,210 56,559 Realized investment losses, net (188) (425) (129) (181) (114)Income from other invested assets 3,942 1,770 4,466 7,408 6,889 Other income (1) 6,698 4,358 6,708 6,273 7,228 Total revenues 312,404 311,830 319,143 317,558 315,027 Losses and expenses: Provision for losses and LAE 56,073 44,922 17,055 31,287 40,975 Other underwriting and operating expenses 63,653 59,498 62,765 71,124 70,951 Interest expense 8,149 8,251 8,148 8,148 8,151 Total losses and expenses 127,875 112,671 87,968 110,559 120,077 Income before income taxes 184,529 199,159 231,175 206,999 194,950 Income tax expense (2) 29,547 34,944 35,836 31,566 27,050 Net income $154,982 $164,215 $195,339 $175,433 $167,900 Earnings per share: Basic $1.62 $1.69 $1.95 $1.71 $1.60 Diluted 1.60 1.67 1.93 1.69 1.58 Weighted average shares outstanding: Basic 95,772 97,400 100,037 102,881 104,963 Diluted 96,664 98,519 101,059 103,946 106,104 Book value per share $60.31 $58.86 $56.98 $55.22 $53.36 Return on average equity (annualized) 10.8% 11.5% 13.8% 12.5% 11.9% Senior debt & credit facility: Borrowings outstanding $500,000 $500,000 $500,000 $500,000 $500,000 Undrawn committed capacity $500,000 $500,000 $500,000 $500,000 $500,000 Weighted average interest rate (end of period) 6.25% 6.25% 6.25% 6.25% 6.25%Debt-to-capital 7.99% 8.01% 8.10% 8.12% 8.19% Cash and investments available for sale at the holding companies $1,268,579 $1,038,747 $995,032 $1,016,368 $1,052,900 (1) Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements, which for the quarters ended December 31, 2025, September 30, 2025, June 30, 2025, March 31, 2025, and December 31, 2024 were ($526), ($858), ($29), ($150), and $204, respectively.(2) Income tax expense for the quarters ended December 31, 2025, September 30, 2025, June 30, 2025, March 31, 2025 and December 31, 2024 includes $366, $493, $1,112, $1,561, and $1,591, respectively, of discrete tax expense associated with realized and unrealized gains and losses. Income tax expense for the quarters ended December 31, 2025, September 30, 2025 and December 31, 2024 also include ($396), ($828), and ($1,252), respectively, of favorable adjustments related to prior year tax returns. Income tax expense for the quarter ended March 31, 2025 also includes ($742) of excess tax benefits associated with the vesting of common shares and common share units. Exhibit D Essent Group Ltd. and SubsidiariesSupplemental InformationAnnual Segment Results (Unaudited) The following tables set forth comparative annual financial information for our two reportable business segments, Mortgage Insurance and Reinsurance, our Corporate & Other category and our consolidated results for the years ended December 31, 2025 and 2024 (unaudited). Our Corporate & Other category is used to reconcile our reportable business segments 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. Prior to December 31, 2025, we disclosed one reportable segment, Mortgage Insurance, which was comprised of "U.S. mortgage insurance" and "GSE and other mortgage risk share." Our mortgage insurance business and GSE and other mortgage risk share business each represented operating segments that were aggregated and disclosed as one reportable segment based on their shared economic characteristics and the similarities between the two operating segments. In the fourth quarter of 2025, Essent Re entered the Lloyd's of London market to reinsure certain property and casualty risks beginning in the first quarter of 2026. Considering the expansion of business and types of risks reinsured at Essent Re, our Chief Operating Decision Maker began to assess the performance of all third-party reinsurance as an operating segment as of December 31, 2025. To reflect this change, the GSE and other mortgage risk share operating segment is no longer aggregated with U.S mortgage insurance and all third-party reinsurance is now disclosed as a separate reportable segment: Reinsurance. All prior period segment information has been recast to conform to the new segment presentation. Year Ended December 31, 2025 Year Ended December 31, 2024 (In thousands) Mortgage Insurance Reinsurance Corporate & Other Consolidated Mortgage Insurance Reinsurance Corporate & Other ConsolidatedRevenues: Net premiums earned $866,743 $60,609 $56,366 $983,718 $855,793 $68,883 $66,206 $990,882 Net investment income 174,358 20,271 41,888 236,517 164,469 18,872 38,729 222,070 Realized investment gains (losses), net (870) 6 (59) (923) (2,343) — (7) (2,350)Income from other invested assets 8,267 — 9,319 17,586 7,171 — 204 7,375 Other income 5,111 8,708 10,218 24,037 4,896 9,256 10,775 24,927 Total revenues 1,053,609 89,594 117,732 1,260,935 1,029,986 97,011 115,907 1,242,904 Losses and expenses: Provision for losses and LAE 145,373 310 3,654 149,337 75,156 26 6,038 81,220 Compensation and benefits 64,392 4,547 61,011 129,950 67,985 4,171 64,236 136,392 Premium and other taxes 23,596 52 2,181 25,829 22,951 56 1,497 24,504 Ceding commission (28,669) 1,410 — (27,259) (25,144) 896 — (24,248)Other underwriting and operating expenses 42,570 4,136 81,814 128,520 41,168 3,661 89,397 134,226 Net operating expenses before allocations 101,889 10,145 145,006 257,040 106,960 8,784 155,130 270,874 Corporate expense allocations 38,077 1,491 (39,568) — 43,003 784 (43,787) — Operating expenses after allocations 139,966 11,636 105,438 257,040 149,963 9,568 111,343 270,874 Interest expense — — 32,696 32,696 — — 35,319 35,319 Income (loss) before income taxes $768,270 $77,648 $(24,056) $821,862 $804,867 $87,417 $(36,793) $855,491 Loss ratio (1) 16.8% 0.5% 8.8% —% Expense ratio (2) 16.1 19.2 17.5 13.9 Combined ratio 32.9% 19.7% 26.3% 13.9% (1) Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned. (2) Expense ratio is calculated by dividing operating expenses after allocations by net premiums earned. Exhibit E Essent Group Ltd. and SubsidiariesSupplemental InformationHistorical Quarterly Segment Information (Unaudited) Mortgage Insurance 2025 2024 December 31 September 30 June 30 March 31 December 31($ in thousands) Revenues: Net premiums earned$212,674 $215,683 $220,262 $218,124 $211,682 Net investment income 43,627 44,265 43,676 42,790 41,880 Realized investment losses, net (218) (427) (124) (101) (120)Income (loss) from other invested assets 2,044 (605) 3,619 3,209 2,925 Other income 1,149 800 1,614 1,548 1,893 Total revenues 259,276 259,716 269,047 265,570 258,260 Losses and expenses: Provision for losses and LAE 55,159 44,171 15,323 30,720 37,236 Compensation and benefits 14,727 15,388 15,667 18,610 17,029 Premium and other taxes 6,038 6,010 5,984 5,564 5,955 Ceding commission (7,526) (7,328) (7,054) (6,761) (6,799)Other underwriting and operating expenses 11,816 10,005 10,028 10,721 10,809 Net operating expenses before allocations 25,055 24,075 24,625 28,134 26,994 Corporate expense allocations 9,213 7,081 8,979 12,804 10,431 Operating expenses after allocations 34,268 31,156 33,604 40,938 37,425 Income before income tax expense$169,849 $184,389 $220,120 $193,912 $183,599 Loss Ratio (1) 25.9% 20.5% 7.0% 14.1% 17.6%Expense Ratio (2) 16.1 14.4 15.3 18.8 17.7 Combined Ratio 42.0% 34.9% 22.3% 32.9% 35.3% (1) Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned.(2) Expense ratio is calculated by dividing operating expenses after allocations by net premiums earned. Exhibit E, continuedEssent Group Ltd. and SubsidiariesSupplemental InformationHistorical Quarterly Segment Information (Unaudited) Reinsurance 2025 2024 December 31 September 30 June 30 March 31 December 31($ in thousands) Revenues: Net premiums earned$14,696 $16,304 $13,875 $15,734 $16,181 Net investment income 4,913 5,302 5,216 4,840 4,311 Realized investment gains, net 6 — — — — Other income 2,255 1,591 1,909 2,953 1,991 Total revenues 21,870 23,197 21,000 23,527 22,483 Losses and expenses: Provision for losses and LAE 206 65 36 3 18 Compensation and benefits 961 1,180 1,126 1,280 1,008 Premium and other taxes 17 8 16 11 13 Ceding commission 580 433 144 253 252 Other underwriting and operating expenses 1,179 944 1,100 913 970 Net operating expenses before allocations 2,737 2,565 2,386 2,457 2,243 Corporate expense allocations 516 502 263 210 223 Operating expenses after allocations 3,253 3,067 2,649 2,667 2,466 Income before income tax expense$18,411 $20,065 $18,315 $20,857 $19,999 Loss Ratio (1) 1.4% 0.4% 0.3% —% 0.1%Expense Ratio (2) 22.1 18.8 19.1 17.0 15.2 Combined Ratio 23.5% 19.2% 19.4% 17.0% 15.3% (1) Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned.(2) Expense ratio is calculated by dividing operating expenses after allocations by net premiums earned. Exhibit E, continued Essent Group Ltd. and SubsidiariesSupplemental InformationHistorical Quarterly Segment Information (Unaudited) Corporate & Other 2025 2024 December 31 September 30 June 30 March 31 December 31($ in thousands) Revenues: Net premiums earned$15,359 $14,345 $14,672 $11,990 $16,602 Net investment income 10,683 10,228 10,397 10,580 10,368 Realized investment gains (losses), net 24 2 (5) (80) 6 Income from other invested assets 1,898 2,375 847 4,199 3,964 Other income 3,294 1,967 3,185 1,772 3,344 Total revenues 31,258 28,917 29,096 28,461 34,284 Losses and expenses: Provision for losses and LAE 708 686 1,696 564 3,721 Compensation and benefits 14,675 12,608 13,926 19,802 16,490 Premium and other taxes 446 (88) 495 1,328 569 Other underwriting and operating expenses 20,740 20,338 21,333 19,403 24,655 Net operating expenses before allocations 35,861 32,858 35,754 40,533 41,714 Corporate expense allocations (9,729) (7,583) (9,242) (13,014) (10,654)Operating expenses after allocations 26,132 25,275 26,512 27,519 31,060 Interest expense 8,149 8,251 8,148 8,148 8,151 Loss before income tax expense$(3,731) $(5,295) $(7,260) $(7,770) $(8,648) Consolidated 2025 2024 December 31 September 30 June 30 March 31 December 31($ in thousands) Revenues: Net premiums earned$242,729 $246,332 $248,809 $245,848 $244,465 Net investment income 59,223 59,795 59,289 58,210 56,559 Realized investment losses, net (188) (425) (129) (181) (114)Income from other invested assets 3,942 1,770 4,466 7,408 6,889 Other income 6,698 4,358 6,708 6,273 7,228 Total revenues 312,404 311,830 319,143 317,558 315,027 Losses and expenses: Provision for losses and LAE 56,073 44,922 17,055 31,287 40,975 Compensation and benefits 30,363 29,176 30,719 39,692 34,527 Premium and other taxes 6,501 5,930 6,495 6,903 6,537 Ceding commission (6,946) (6,895) (6,910) (6,508) (6,547)Other underwriting and operating expenses 33,735 31,287 32,461 31,037 36,434 Total other underwriting and operating expenses 63,653 59,498 62,765 71,124 70,951 Interest expense 8,149 8,251 8,148 8,148 8,151 Income before income tax expense$184,529 $199,159 $231,175 $206,999 $194,950 Exhibit FEssent Group Ltd. and SubsidiariesSupplemental InformationMortgage Insurance - Historical Quarterly Data 2025 2024 December 31 September 30 June 30 March 31 December 31($ in thousands) New insurance written $11,840,227 $12,233,252 $12,544,731 $9,945,336 $12,220,968 New risk written 3,030,169 3,239,497 3,357,820 2,698,639 3,297,296 Average insurance in force $248,695,560 $247,821,046 $245,747,813 $244,005,459 $243,236,830 Insurance in force (end of period) $248,356,397 $248,808,341 $246,797,619 $244,692,492 $243,645,423 Gross risk in force (end of period) (1) $68,053,447 $68,262,577 $67,683,239 $67,026,626 $66,613,517 Risk in force (end of period) $56,519,839 $56,940,929 $56,811,096 $56,565,811 $56,477,150 Policies in force 807,230 812,856 812,182 811,342 813,013 Weighted average coverage (2) 27.4% 27.4% 27.4% 27.4% 27.3%Annual persistency 85.7% 86.0% 85.8% 85.7% 85.7% Loans in default (count) 20,210 18,583 17,255 17,759 18,439 Percentage of loans in default 2.50% 2.29% 2.12% 2.19% 2.27% Base average premium rate (3) 0.41% 0.41% 0.41% 0.41% 0.41%Single premium cancellations (4) —% —% —% —% —%Gross average premium rate 0.41% 0.41% 0.41% 0.41% 0.41%Ceded premiums (0.07%) (0.06%) (0.05%) (0.05%) (0.06%)Net average premium rate 0.34% 0.35% 0.36% 0.36% 0.35% (1) Gross risk in force includes risk ceded under third-party reinsurance.(2) Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force.(3) Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period.(4) Single premium cancellations premium rate is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period. Exhibit G Essent Group Ltd. and SubsidiariesSupplemental InformationMortgage Insurance - New Insurance Written NIW by Credit Score Three Months Ended Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024($ in thousands) >=760$6,608,095 55.8% $5,754,605 47.1% $23,980,900 51.4% $20,141,961 44.2%740-759 1,905,196 16.1 2,131,356 17.4 7,528,658 16.2 7,848,645 17.2 720-739 1,257,994 10.6 1,640,275 13.4 5,642,389 12.1 6,468,993 14.2 700-719 1,039,547 8.8 1,390,278 11.4 4,782,401 10.3 5,738,325 12.6 680-699 554,647 4.7 743,789 6.1 2,552,412 5.5 3,095,378 6.8 <=679 474,748 4.0 560,665 4.6 2,076,786 4.5 2,268,030 5.0 Total$11,840,227 100.0% $12,220,968 100.0% $46,563,546 100.0% $45,561,332 100.0% Weighted average credit score 757 751 754 748 NIW by LTV Three Months Ended Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024($ in thousands) 85.00% and below$1,437,750 12.1% $977,154 8.0% $4,430,096 9.5% $3,227,588 7.1%85.01% to 90.00% 3,509,133 29.7 2,821,683 23.1 11,844,584 25.4 9,392,983 20.6 90.01% to 95.00% 5,663,293 47.8 6,348,777 51.9 23,533,435 50.6 24,357,459 53.5 95.01% and above 1,230,051 10.4 2,073,354 17.0 6,755,431 14.5 8,583,302 18.8 Total$11,840,227 100.0% $12,220,968 100.0% $46,563,546 100.0% $45,561,332 100.0% Weighted average LTV 92% 93% 93% 93% NIW by Product Three Months Ended Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024Single premium policies 1.6% 1.2% 1.4% 1.4%Monthly premium policies 98.4 98.8 98.6 98.6 100.0% 100.0% 100.0% 100.0% NIW by Purchase vs. Refinance Three Months Ended Year Ended December 31, 2025 December 31, 2024 December 31, 2025 December 31, 2024Purchase 72.3% 88.3% 87.2% 95.0%Refinance 27.7 11.7 12.8 5.0 100.0% 100.0% 100.0% 100.0% Exhibit H Essent Group Ltd. and SubsidiariesSupplemental InformationMortgage Insurance - Insurance in Force and Risk in Force Portfolio by Credit ScoreIIF by FICO scoreDecember 31, 2025 September 30, 2025 December 31, 2024($ in thousands) >=760$104,062,334 41.9% $103,261,791 41.5% $99,221,741 40.7%740-759 43,225,016 17.4 43,372,715 17.4 42,574,390 17.5 720-739 37,671,181 15.2 38,113,923 15.3 37,953,625 15.6 700-719 32,473,548 13.1 32,834,985 13.2 32,657,660 13.4 680-699 19,357,527 7.8 19,625,586 7.9 19,772,912 8.1 <=679 11,566,791 4.6 11,599,341 4.7 11,465,095 4.7 Total$248,356,397 100.0% $248,808,341 100.0% $243,645,423 100.0% Weighted average credit score 747 746 746 Gross RIF by FICO scoreDecember 31, 2025 September 30, 2025 December 31, 2024($ in thousands) >=760$28,228,907 41.4% $28,056,444 41.0% $26,860,197 40.3%740-759 11,997,094 17.6 12,054,702 17.7 11,799,832 17.7 720-739 10,452,268 15.4 10,587,116 15.5 10,512,364 15.8 700-719 9,049,840 13.3 9,155,794 13.4 9,067,640 13.6 680-699 5,357,151 7.9 5,429,039 8.0 5,440,776 8.2 <=679 2,968,187 4.4 2,979,482 4.4 2,932,708 4.4 Total$68,053,447 100.0% $68,262,577 100.0% $66,613,517 100.0% Portfolio by LTVIIF by LTVDecember 31, 2025 September 30, 2025 December 31, 2024($ in thousands) 85.00% and below$14,736,797 5.9% $14,398,904 5.8% $14,738,289 6.0%85.01% to 90.00% 58,288,674 23.5 58,982,107 23.7 60,636,883 24.9 90.01% to 95.00% 131,950,396 53.1 131,889,655 53.0 127,152,954 52.2 95.01% and above 43,380,530 17.5 43,537,675 17.5 41,117,297 16.9 Total$248,356,397 100.0% $248,808,341 100.0% $243,645,423 100.0% Weighted average LTV 93% 93% 93% Gross RIF by LTVDecember 31, 2025 September 30, 2025 December 31, 2024($ in thousands) 85.00% and below$1,727,701 2.5% $1,696,592 2.5% $1,745,933 2.6%85.01% to 90.00% 14,312,312 21.0 14,526,528 21.3 14,961,779 22.5 90.01% to 95.00% 38,906,277 57.2 38,895,352 57.0 37,510,076 56.3 95.01% and above 13,107,157 19.3 13,144,105 19.2 12,395,729 18.6 Total$68,053,447 100.0% $68,262,577 100.0% $66,613,517 100.0% Portfolio by Loan Amortization PeriodIIF by Loan Amortization PeriodDecember 31, 2025 September 30, 2025 December 31, 2024($ in thousands) FRM 30 years and higher$241,353,234 97.2% $242,770,621 97.6% $238,335,608 97.8%FRM 20-25 years 1,449,192 0.6 1,070,635 0.4 1,133,494 0.5 FRM 15 years 2,009,940 0.8 1,664,866 0.7 1,231,952 0.5 ARM 5 years and higher 3,544,031 1.4 3,302,219 1.3 2,944,369 1.2 Total$248,356,397 100.0% $248,808,341 100.0% $243,645,423 100.0% Exhibit I Essent Group Ltd. and SubsidiariesSupplemental InformationMortgage Insurance - Vintage DataDecember 31, 2025 Insurance in Force YearOriginal Insurance Written ($ in thousands)Remaining Insurance in Force ($ in thousands)% Remaining of Original InsuranceNumber of Policies in ForceWeighted Average Coupon% Purchase>90% LTV>95% LTVFICO <700FICO >=760Incurred Loss Ratio (Inception to Date) (1)Number of Loans in DefaultPercentage of Loans in Default 2010 - 2015$86,862,507$1,500,7321.7%8,2974.28%68.6%50.4%1.4%11.5%47.5%2.3%3424.12%2016 34,949,319 1,104,5213.2 6,1914.05 77.1 59.6 12.5 16.3 41.6 2.0 3245.23 2017 43,858,322 2,766,4186.3 17,6524.33 90.3 81.9 26.8 21.5 36.2 2.9 8404.76 2018 47,508,525 3,746,7287.9 22,2414.83 95.2 80.6 30.2 22.8 30.9 3.8 1,1205.04 2019 63,569,183 8,487,19313.4 43,2154.26 90.4 75.9 27.4 19.5 34.1 3.6 1,5953.69 2020 107,944,065 27,596,32325.6 114,8213.22 77.1 70.5 16.6 11.0 44.7 2.8 2,4052.09 2021 84,218,250 40,962,38048.6 142,5013.11 92.4 72.5 18.6 13.7 39.9 6.6 3,8062.67 2022 63,061,262 45,373,68372.0 134,1265.09 98.4 67.7 12.0 12.5 39.5 20.0 3,9112.92 2023 47,666,852 35,213,13673.9 102,6776.59 98.9 73.7 19.5 11.2 38.1 23.5 3,1893.11 2024 45,561,332 37,940,87383.3 103,8246.68 95.1 73.5 20.7 12.5 41.8 23.9 2,1822.10 2025 46,563,546 43,664,41093.8 111,6856.56 87.0 65.2 15.1 10.2 50.4 14.3 4960.44 Total$671,763,163$248,356,39737.0 807,2305.22 91.9 70.6 17.5 12.5 41.9 6.3 20,2102.50 (1) Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. Exhibit J Essent Group Ltd. and Subsidiaries Supplemental Information Mortgage Insurance - Outward Reinsurance Vintage Data December 31, 2025 ($ in thousands) Insurance Linked Notes (1) Earned Premiums Ceded Deal NameVintage Remaining Insurance in Force Remaining Risk in Force Original Reinsurance in Force Remaining Reinsurance in Force Losses Ceded to Date Original First Layer RetentionRemaining First Layer Retention Quarter-to-DateYear-to-Date Reduction in PMIERs Minimum Required Assets (3)Radnor Re 2021-1Aug. 2020 - Mar. 2021 $18,441,345 $5,127,322 $557,911 $98,205 $— $278,956$276,117 $1,117$5,114 $59,885Radnor Re 2021-2Apr. 2021 - Sep. 2021 24,416,860 6,937,919 439,407 192,783 — 279,415 271,058 2,806 11,736 174,012Radnor Re 2022-1Oct. 2021 - Jul. 2022 24,193,885 6,723,897 237,868 129,621 — 303,761 291,448 2,929 12,437 119,251Radnor Re 2023-1Aug. 2022 - Jun. 2023 24,656,390 6,784,369 281,462 209,417 — 281,463 271,149 3,081 12,350 198,527Radnor Re 2024-1Jul. 2023 - Jul. 2024 24,523,993 6,793,368 363,366 248,025 — 256,495 255,324 3,059 11,902 183,539Total $116,232,473 $32,366,875 $1,880,014 $878,051 $— $1,400,090$1,365,096 $12,992$53,539 $735,214Excess of Loss Reinsurance (2) Earned Premiums Ceded Deal NameVintage Remaining Insurance in Force Remaining Risk in Force Original Reinsurance in Force Remaining Reinsurance in Force Losses Ceded to Date Original First Layer RetentionRemaining First Layer Retention Quarter-to-DateYear-to-Date Reduction in PMIERs Minimum Required Assets (3)XOL 2019-1Jan. 2018 - Dec. 2018 $3,708,752 $980,319 $118,650 $76,144 $— $253,643$241,441 $627$2,489 $—XOL 2020-1Jan. 2019 - Aug. 2019 4,863,645 1,288,360 55,102 29,152 — 215,605 210,515 252 999 —XOL 2022-1Oct. 2021 - Dec. 2022 55,006,139 15,182,087 141,992 137,530 — 507,114 473,213 1,563 6,342 132,723XOL 2023-1Jan. 2023 - Dec. 2023 31,751,705 8,821,968 36,627 36,105 — 366,270 358,985 432 1,734 34,713XOL 2024-1Jan. 2024 - Dec. 2024 35,200,756 9,692,442 58,005 58,005 — 331,456 330,254 658 2,610 55,907XOL 2025-1Jan. 2025 - Dec. 2025 43,596,176 11,545,801 80,821 80,821 — 343,234 343,234 733 1,300 77,723Total $174,127,173 $47,510,977 $491,197 $417,757 $— $2,017,322$1,957,642 $4,265$15,474 $301,066Quota Share Reinsurance (2) Losses Ceded Ceding Commission Earned Premiums Ceded YearCeding PercentageRemaining Insurance in ForceRemaining Risk in Force Remaining Ceded Insurance in Force Remaining Ceded Risk in Force Quarter-to-DateYear-to-Date Quarter-to-DateYear-to-Date Quarter-to-DateYear-to-Date Reduction in PMIERs Minimum Required Assets (3)Sep. 2019 - Dec. 2020(4) $31,179,681$8,623,082 $6,471,751 $1,763,952 $391$(37) $1,893$8,299 $3,121$11,933 $109,386Jan. 2022 - Dec. 202220% 45,327,727 12,452,848 9,065,545 2,490,570 2,577 8,037 1,628 6,796 5,426 20,454 185,009Jan. 2023 - Dec. 202317.5% 31,653,079 8,797,311 5,539,289 1,539,529 2,770 7,762 1,159 4,865 5,205 17,979 123,856Jan. 2024 - Dec. 202415% 37,722,203 10,369,501 5,658,330 1,555,425 2,790 7,949 1,199 4,991 5,368 18,679 126,867Jan. 2025 - Dec. 202525% 43,623,229 11,553,296 10,905,807 2,888,324 1,955 2,917 1,646 3,718 5,001 9,795 188,836Total $189,505,919$51,796,038 $37,640,722 $10,237,800 $10,483$26,628 $7,525$28,669 $24,121$78,840 $733,954 (1) Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs").(2) Reinsurance provided by panels of reinsurers.(3) Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs.(4) Under QSR-2019, Essent Guaranty cedes 36% of premiums on singles policies and 18% on all other policies. Exhibit K Essent Group Ltd. and SubsidiariesSupplemental InformationMortgage Insurance - Geographic Data IIF by State December 31, 2025 September 30, 2025 December 31, 2024CA12.1% 12.2% 12.5%FL12.0 12.0 11.9 TX11.4 11.3 11.1 AZ4.0 4.0 3.8 CO4.0 4.0 4.1 GA3.9 3.8 3.7 WA3.4 3.4 3.4 NC3.2 3.1 3.0 MI2.6 2.6 2.5 NY2.6 2.6 2.6 All Others40.8 41.0 41.4 Total100.0% 100.0% 100.0% Gross RIF by State December 31, 2025 September 30, 2025 December 31, 2024FL12.3% 12.2% 12.1%CA12.1 12.2 12.4 TX11.6 11.6 11.4 AZ4.1 4.0 3.9 CO3.9 3.9 4.0 GA3.9 3.9 3.8 WA3.4 3.4 3.4 NC3.2 3.1 3.0 MI2.6 2.6 2.5 UT2.6 2.6 2.5 All Others40.3 40.5 41.0 Total100.0% 100.0% 100.0% Exhibit L Essent Group Ltd. and SubsidiariesSupplemental InformationMortgage Insurance Rollforward of Defaults and Reserve for Losses and LAE Rollforward of Insured Loans in Default Three Months Ended 2025 2024 December 31 September 30 June 30 March 31 December 31Beginning default inventory 18,583 17,255 17,759 18,439 15,906 Plus: new defaults (A) 11,245 10,357 8,810 9,664 11,136 Less: cures (9,357) (8,713) (9,078) (10,173) (8,408)Less: claims paid (235) (296) (215) (153) (183)Less: rescissions and denials, net (26) (20) (21) (18) (12)Ending default inventory 20,210 18,583 17,255 17,759 18,439 (A) New defaults remaining as of December 31, 2025 8,411 4,131 2,402 1,481 1,191 Cumulative cure rate (1) 25% 60% 73% 85% 89% Total amount paid for claims (in thousands) $13,171 $16,456 $9,007 $6,330 $7,740 Average amount paid per claim (in thousands) $56 $56 $42 $41 $42 Severity 80% 78% 67% 70% 68% Rollforward of Reserve for Losses and LAE Three Months Ended 2025 2024 ($ in thousands) December 31 September 30 June 30 March 31 December 31Reserve for losses and LAE at beginning of period $379,548 $345,952 $338,128 $310,156 $274,926 Less: Reinsurance recoverables 47,957 41,966 40,351 36,655 30,867 Net reserve for losses and LAE at beginning of period 331,591 303,986 297,777 273,501 244,059 Add provision for losses and LAE occurring in: Current year 67,865 62,349 45,119 48,928 50,212 Prior years (12,705) (18,179) (29,796) (18,208) (12,976)Incurred losses and LAE during the period 55,160 44,170 15,323 30,720 37,236 Deduct payments for losses and LAE occurring in: Current year 2,649 552 315 51 1,569 Prior years 10,612 16,013 8,799 6,393 6,225 Loss and LAE payments during the period 13,261 16,565 9,114 6,444 7,794 Net reserve for losses and LAE at end of period 373,490 331,591 303,986 297,777 273,501 Plus: Reinsurance recoverables 56,120 47,957 41,966 40,351 36,655 Reserve for losses and LAE at end of period $429,610 $379,548 $345,952 $338,128 $310,156 (1) The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. Exhibit MEssent Group Ltd. and SubsidiariesSupplemental InformationMortgage InsuranceDetail of Reserves by Default Delinquency December 31, 2025 Number of Policies in DefaultPercentage of Policies in Default Amount of Reserves Percentage of Reserves Defaulted RIF Reserves as a Percentage of Defaulted RIF($ in thousands) Missed Payments: Two payments 6,892 34%$40,87610%$545,1987%Three payments 3,002 15 32,4588 246,19413 Four to eleven payments 7,261 36 163,08741 615,44926 Twelve or more payments 2,742 13 139,03635 224,24862 Pending claims 313 2 21,3606 23,79790 Total case reserves 20,210 100% 396,817100%$1,654,88624%IBNR 29,761 LAE 3,032 Total reserves for losses and LAE $429,610 Average reserve per default: Case $19.6 Total $21.3 Default Rate2.50% 3+ Month Default Rate 1.65% December 31, 2024 Number of Policies in DefaultPercentage of Policies in DefaultAmount of ReservesPercentage of ReservesDefaulted RIFReserves as a Percentage of Defaulted RIF($ in thousands) Missed Payments: Two payments 6,691 36%$32,67211%$522,6446%Three payments 3,154 17 26,2789 250,69610 Four to eleven payments 6,408 35 122,55143 515,60024 Twelve or more payments 2,022 11 93,26933 153,37661 Pending claims 164 1 11,1744 12,47890 Total case reserves 18,439 100% 285,944100%$1,454,79420%IBNR 21,446 LAE 2,766 Total reserves for losses and LAE $310,156 Average reserve per default: Case $15.5 Total $16.8 Default Rate2.27% 3+ Month Default Rate 1.44% Exhibit N Essent Group Ltd. and SubsidiariesSupplemental InformationU.S. Mortgage Insurance Company Capital 2025 2024 December 31 September 30 June 30 March 31 December 31($ in thousands) Essent Guaranty, Inc: Statutory capital $3,572,887 $3,732,465 $3,714,146 $3,642,374 $3,594,381 Net risk in force (1) $32,486,788 $33,367,706 $33,986,508 $34,968,089 $35,159,976 Risk-to-capital ratio (2) 9.1:1 8.9:1 9.2:1 9.6:1 9.8:1 Essent Guaranty, Inc. PMIERs Data (3): Available Assets $3,520,454 $3,666,883 $3,654,460 $3,628,675 $3,612,993 Minimum Required Assets 2,087,473 2,065,890 2,075,409 2,107,620 2,029,738 PMIERs excess Available Assets $1,432,981 $1,600,993 $1,579,051 $1,521,055 $1,583,255 PMIERs sufficiency ratio (4) 169% 177% 176% 172% 178% (1) Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established.(2) The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital.(3) Data is based on our interpretation of the PMIERs as of the dates indicated.(4) PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets. Exhibit O Essent Group Ltd. and SubsidiariesSupplemental InformationReinsurance 2025 2024 ($ in thousands) December 31 September 30 June 30 March 31 December 31Reinsurance Portfolio: Reinsured Risk in Force $2,274,882 $2,257,197 $2,321,008 $2,220,477 $2,240,284 Reserve for losses and LAE $359 $153 $88 $52 $51 Weighted average credit score (1) 751 751 751 751 751 Weighted average LTV (1) 83% 83% 83% 82% 82% Essent Reinsurance Ltd. Capital: Stockholder's equity (GAAP basis) $1,695,390 $1,722,135 $1,751,720 $1,780,924 $1,773,044 Net risk in force (2) $25,880,997 $25,453,510 $24,802,145 $23,482,726 $23,250,018 (1) Represents statistics on mortgage reinsurance portfolio only.(2) Net risk in force represents total risk in force net of exposures on policies for which loss reserves have been established. It includes amounts reinsured under a quota share agreement with Essent Guaranty, Inc. in addition to reinsurance agreements with unrelated third parties. Exhibit PEssent Group Ltd. and SubsidiariesSupplemental InformationCash & Investments Cash & Investments by Asset ClassAsset Class December 31, 2025 December 31, 2024($ in thousands) Fair Value Percent Fair Value PercentU.S. Treasury securities $369,712 5.6% $547,290 8.7%U.S. agency mortgage-backed securities 1,174,895 17.8 1,125,436 17.8 Municipal debt securities 610,411 9.2 583,501 9.2 Non-U.S. government securities 56,024 0.8 69,798 1.1 Corporate debt securities 1,980,080 30.0 1,783,046 28.3 Residential and commercial mortgage securities 464,105 7.0 478,086 7.6 Asset-backed securities 800,366 12.1 631,959 10.0 Money market funds 648,492 9.8 657,605 10.4 Total investments available for sale 6,104,085 92.3 5,876,721 93.1 Other invested assets 382,513 5.8 303,900 4.8 Cash 123,049 1.9 131,480 2.1 Total cash and investments $6,609,647 100.0% $6,312,101 100.0% Investments Available for Sale by Credit RatingRating (1) December 31, 2025 December 31, 2024($ in thousands) Fair Value Percent Fair Value PercentAaa $846,230 15.5% $2,513,014 48.1%Aa1 1,799,508 32.9 101,809 2.0 Aa2 300,026 5.5 301,080 5.8 Aa3 319,848 5.9 271,069 5.2 A1 545,918 10.0 511,076 9.8 A2 511,146 9.4 411,999 7.9 A3 494,434 9.1 463,616 8.8 Baa1 244,424 4.5 218,454 4.2 Baa2 208,247 3.8 198,193 3.8 Baa3 122,596 2.2 151,729 2.9 Below Baa3 63,216 1.2 77,077 1.5 Total (2) $5,455,593 100.0% $5,219,116 100.0% (1) Based on ratings issued by Moody's, if available. S&P or Fitch rating utilized if Moody's not available. (2) Excludes $648,492 and $657,605 of money market funds at December 31, 2025 and December 31, 2024, respectively. Investments Available for Sale by Duration and Book YieldEffective Duration December 31, 2025 December 31, 2024($ in thousands) Fair Value Percent Fair Value Percent< 1 year $1,549,327 25.4% $1,587,022 26.9%1 to < 2 years 527,914 8.6 544,630 9.3 2 to < 3 years 532,211 8.7 473,301 8.1 3 to < 4 years 571,255 9.4 445,614 7.6 4 to < 5 years 536,135 8.8 546,414 9.3 5 or more years 2,387,243 39.1 2,279,740 38.8 Total investments available for sale $6,104,085 100.0% $5,876,721 100.0% Pre-tax investment yield (3) Three months ended December 31, 2025 Year ended December 31, 2025 Yield on cash and investments available for sale 3.84% 3.83% Return on other invested assets 4.15% 5.06% Aggregate yield on total cash and investments 3.85% 3.90% (3) Yield on investments available for sale is calculated as the annualized gross investment income earned divided by the average amortized cost of cash and investments available for sale. Return on other invested assets is calculated as annualized income (loss) from other invested assets divided by the average balance of other invested assets. The aggregate yield is calculated as the sum of the numerators in the calculations described above divided by the sum of denominators in the calculations described above. Source: Essent Group