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Acquisitions (Tables) | 9 Months Ended
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Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Business Acquisition, Pro Forma Information | The following unaudited pro forma summary presents consolidated information for Essent as if the business combination had occurred on January 1, 2022.
|  | Pro Forma
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Revenues |  | $ | 296,108 |  |  | $ | 286,512 |  |  | $ | 856,595 |  |  | $ | 880,321 |
Earnings |  | 178,139 |  |  | 172,799 |  |  | 514,823 |  |  | 675,684 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The following table summarizes the consideration transferred to acquire Agents National Title and Boston National Title and the amounts of identified assets acquired and liabilities assumed at the acquisition date:
Consideration Paid: |  |
Cash |  | $ | 92,625 |
Assets Acquired: |  |
Cash and cash equivalents |  | 5,864 |
Short-term investments |  | 21,108 |
Fixed maturities available for sale |  | 9,668 |
Identifiable intangible assets |  | 26,300 |
Other assets |  | 16,366 |
Liabilities Assumed: |  |
Reserve for losses |  | 14,613 |
Other liabilities |  | 10,399 |
Total Identifiable Net Assets |  | $ | 54,294 |
Goodwill |  | $ | 38,331 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(3) -SubTopic 10 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479328/805-10-50-2 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -SubTopic 20 -Name Accounting Standards Codification -Paragraph 1 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479907/805-20-50-1 + Details
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