The company maintains a fortress balance sheet with a low 0.09 debt-to-equity ratio, supporting a $5.7B equity base that provides a substantial buffer against potential credit losses.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|
| Total Assets | 7.57B | 7.44B | 7.11B | 6.43B | 5.72B | 5.72B | 5.2B | 3.87B | 3.15B | 2.67B | 1.88B | 1.47B | 1.18B | 853.97M | 283.33M | 210.07M |
| Asset Growth % | 20.75% | 4.63% | 10.66% | 12.28% | 0.03% | 9.98% | 34.32% | 22.97% | 17.78% | 42.03% | 28.17% | 24.35% | 38.35% | 201.4% | 34.88% | - |
| Total Investment Assets | 4M | 6.49B | 6.18B | 277.23M | -4.23B | 9.93B | 88.9M | 78.87M | 30.95M | 500K | 1.62B | 1.28B | 2.12B | 332.56M | 247.41M | 342.18M |
| Long-Term Investments | 7.55B | 382.51M | 5.88B | 277.23M | -4.48B | 4.96B | -4.48B | -3.27B | -2.73B | -2.3B | 1.62B | 1.28B | 1.06B | 332.56M | 247.41M | 171.09M |
| Short-Term Investments | 0 | 6.1B | 5.88B | 0 | 252.03M | 4.96B | 4.57B | 3.35B | 2.76B | 2.31B | 0 | 0 | 1.06B | 0 | 0 | 171.09M |
| Total Current Assets | 272.38M | 6.84B | 0 | 205.05M | 390.67M | 5.09B | 4.72B | 3.46B | 101.83M | 73.28M | 49.16M | 41.24M | 1.1B | 501.74M | 274.62M | 191.19M |
| Cash & Equivalents | 128.26M | 123.05M | 131.48M | 141.79M | 81.24M | 81.49M | 102.83M | 71.35M | 64.95M | 43.52M | 27.53M | 24.61M | 24.41M | 477.65M | 22.32M | 18.5M |
| Receivables | 437.72M | 98.64M | 55.56M | 63.27M | 57.4M | 46.16M | 50.14M | 40.66M | 36.88M | 29.75M | 21.63M | 16.64M | 15.81M | 10.01M | 4.89M | 1.59M |
| Other Current Assets | 0 | 0 | -6.55B | 0 | 0 | 0 | 0 | 0 | -2.76B | -2.31B | -1.62B | -1.28B | 0 | -318.48M | 247.41M | 0 |
| Goodwill & Intangibles | 341.29M | 87.7M | 79.56M | 72.83M | 13.93M | 15.09M | 19.87M | 18.35M | 19.27M | 17.64M | 16.31M | 15.04M | 12.39M | 8.89M | 4.31M | 0 |
| Goodwill | 77.8M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 87.7M | 0 | 72.83M | 13.93M | 15.09M | 19.87M | 18.35M | 19.27M | 17.64M | 16.31M | 15.04M | 12.39M | 8.89M | 4.31M | 0 |
| PP&E (Net) | 48.3M | 49.19M | 41.87M | 41.3M | 19.57M | 11.92M | 15.1M | 17.31M | 7.63M | 6.98M | 8.12M | 9.02M | 5.84M | 4.41M | 3.63M | 15.68M |
| Other Assets | -6.44B | 82.4M | -6B | 3.64B | 4.38B | -44.19M | 9.04B | 6.57B | 5.56B | 4.54B | 18.67M | 4.26M | -979.83M | -341.44M | -251.04M | 0 |
| Total Liabilities | 1.87B | 1.68B | 1.51B | 1.32B | 1.26B | 1.49B | 1.34B | 888.58M | 784.25M | 733.93M | 539.23M | 349.86M | 225.72M | 131.83M | 64.21M | 34.01M |
| Total Debt | 495.64M | 495.3M | 493.96M | 421.92M | 420.86M | 419.82M | 321.72M | 224.24M | 223.66M | 248.59M | 100M | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 367.38M | 372.25M | 362.48M | 280.13M | 339.62M | 338.33M | 218.89M | 152.89M | 158.72M | 205.07M | 72.47M | -24.61M | -24.41M | -477.65M | -22.32M | -18.5M |
| Long-Term Debt | 495.64M | 495.3M | 493.96M | 421.92M | 420.86M | 419.82M | 321.72M | 224.24M | 223.66M | 248.59M | 100M | 0 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 248.59M | 100M | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 513.42M | 1.19B | 0 | 500.25M | 418.46M | 419.82M | 321.72M | 664.34M | 560.59M | 252.16M | 439.23M | 119.41M | 63.67M | 8M | 12.3M | 9.55M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 91.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 513.42M | 912.17M | -176.75M | 361.18M | 329M | 328.07M | 233.84M | 597.87M | 517.57M | -32.62M | 305.34M | 91.32M | 40.64M | -12.41M | 0 | 0 |
| Deferred Taxes | 1.78B | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 0 | 0 | 1000K | 0 | 1000K | 1000K | 0 | 0 | 0 |
| Other Liabilities | 925.08M | -465.35M | -886.39M | 431.56M | 65.35M | -373.65M | 732.35M | 0 | 0 | 357.7M | 0 | 0 | -68.82M | 123.83M | 51.91M | 24.45M |
| Total Equity | 5.7B | 5.76B | 5.6B | 5.1B | 4.46B | 4.24B | 3.86B | 2.98B | 2.37B | 1.94B | 1.34B | 1.12B | 955.74M | 722.14M | 219.12M | 176.06M |
| Equity Growth % | 10.57% | 2.73% | 9.82% | 14.35% | 5.34% | 9.67% | 29.41% | 26.17% | 21.92% | 44.4% | 20.06% | 17.11% | 32.35% | 229.56% | 24.46% | - |
| Shareholders Equity | 5.7B | 5.76B | 5.6B | 5.1B | 4.46B | 4.24B | 3.86B | 2.98B | 2.37B | 1.94B | 1.34B | 1.12B | 955.74M | 722.14M | 219.12M | 176.06M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 5.4B | 5.26B | 4.69B | 4.08B | 3.49B | 2.75B | 2.15B | 1.81B | 1.28B | 815.08M | 436.33M | 213.73M | 56.4M | -32.1M | -97.51M | -83.97M |
| Common Stock | 1.4M | 1.43M | 1.57M | 1.6M | 1.61M | 1.64M | 1.69M | 1.48M | 1.47M | 1.48M | 1.4M | 1.39M | 1.39M | 1.3M | 439K | 380K |
| Accumulated OCI | -375.87M | -151.99M | -303.98M | -280.5M | -382.79M | 50.71M | 138.27M | 56.19M | -28.99M | -3.25M | -12.26M | -99K | 4.67M | -1.45M | 2.41M | 1.8M |
| Return on Equity (ROE) | 12.01% | 12.15% | 13.63% | 14.56% | 19.11% | 16.84% | 12.06% | 20.77% | 21.71% | 23.13% | 18.08% | 15.16% | 10.55% | 13.9% | -6.85% | -19.06% |
| Return on Assets (ROA) | 9.28% | 9.48% | 10.78% | 11.46% | 14.53% | 12.48% | 9.1% | 15.82% | 16.05% | 16.67% | 13.28% | 11.87% | 8.7% | 11.5% | -5.49% | -15.97% |
| Equity / Assets | 75.25% | 77.36% | 78.8% | 79.4% | 77.96% | 74.03% | 74.24% | 77.06% | 75.1% | 72.56% | 71.36% | 76.19% | 80.89% | 84.56% | 77.34% | 83.81% |
| Debt / Equity | 0.09x | 0.09x | 0.09x | 0.08x | 0.09x | 0.10x | 0.08x | 0.08x | 0.09x | 0.13x | 0.07x | - | - | - | - | - |
| Book Value per Share | 60.23 | 57.55 | 52.59 | 47.63 | 41.45 | 37.97 | 36.31 | 30.39 | 24.15 | 20.38 | 14.57 | 12.20 | 11.16 | 39.89 | 5.70 | 4.58 |
| Tangible BV per Share | 59.41 | 56.68 | 52.59 | 46.95 | 41.32 | 37.84 | 36.12 | 30.20 | 23.95 | 20.20 | 14.39 | 12.04 | 11.02 | 39.40 | 5.59 | 4.58 |
Housing market credit sensitivity
As reported in recent financial statements, Essent's total assets expanded from $6.4B in 2023Q4 to $7.6B by 2026Q1, while liabilities grew at a slower pace, indicating a strengthening balance sheet that supports the company's ability to absorb potential future credit losses within its mortgage insurance portfolio.
The consistent growth in equity, which reached $5.7B in 2026Q1, suggests that the company is successfully retaining earnings despite the cyclical headwinds in mortgage originations. This trajectory implies that management is prioritizing long-term solvency over aggressive expansion, effectively insulating the firm from potential volatility in the housing market.
Based on the provided quarterly data, loss provisions fluctuated from a low of -$334.0K in 2024Q2 to a peak of $56.1M in 2025Q4, suggesting that management's reserve estimates remain highly sensitive to the evolving credit performance of the underlying insured mortgage book.
The significant variance in loss expenses warrants further investigation into whether these shifts represent genuine changes in borrower default risk or periodic adjustments to actuarial assumptions. Investors should monitor whether the recent increase in loss provisions indicates a structural deterioration in credit quality or merely a conservative recalibration of future liability expectations.
According to historical balance sheet figures, Essent maintains a robust equity base of $5.7B against $1.9B in total liabilities, providing a substantial capital buffer that appears to exceed regulatory requirements and allows for significant strategic flexibility in a high-interest-rate environment.
The company's ability to maintain such a high equity-to-liability ratio suggests a conservative capital management philosophy that is well-suited for the specialty insurance industry. This capitalization profile likely provides the firm with the necessary capacity to navigate potential housing market downturns without requiring external financing or dilutive capital raises.
As evidenced by the company's 100% concentration in U.S. residential mortgage insurance, Essent's balance sheet is uniquely exposed to systemic housing market risks, which may imply that the firm's solvency is more tethered to macroeconomic employment trends than to traditional insurance underwriting cycles.
While the current balance sheet appears healthy, the lack of geographic or product diversification means that a localized or national housing correction could disproportionately impact the company's asset quality. Investors should consider that the firm's reliance on the U.S. mortgage market creates a binary risk profile that is not fully captured by standard solvency ratios.
Quick answers to the most common questions about buying ESNT stock.
As of 2025, Essent Group Ltd. (ESNT) had total assets of $7.44B including $6.84B in current assets.
Essent Group Ltd. (ESNT) carries total debt of $495.3M, offset by $6.23B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Essent Group Ltd. (ESNT) has total shareholders' equity (book value) of $5.76B ($57.55 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Essent Group Ltd. (ESNT) reported a current ratio of 5.75x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.