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Statutory Accounting (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of Statutory Net Income, Statutory Surplus and Contingency Reserve Liability

The following tables present Essent Guaranty’s and Essent PA’s statutory net income for the three months ended March 31, 2024 and 2023 as well as statutory surplus and contingency reserve liability at March 31, 2024 and December 31, 2023:


	Three Months Ended March 31,
(In thousands)	2024		2023
Essent Guaranty
Statutory net income	$	125,356	$	123,936

Essent PA
Statutory net income (loss)	$	153	$	(112)


	March 31,	December 31,
(In thousands)	2024	2023
Essent Guaranty
Statutory surplus	1,030,779	1,004,104
Contingency reserve liability	2,316,323	2,265,713

Essent PA
Statutory surplus	56,101	54,044
Contingency reserve liability	50,340	52,244

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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