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Statutory Accounting (Tables)

12 Months Ended

Dec. 31, 2024

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

The following table presents Essent Guaranty’s and Essent PA’s statutory net income, statutory surplus and contingency reserve liability as of and for the years ended December 31:


(In thousands)	2024		2023		2022
Essent Guaranty
Statutory net income	$	495,516	$	431,266	$	590,505
Statutory surplus	1,101,894		1,004,104		1,020,034
Contingency reserve liability	2,492,487		2,265,713		2,048,740

Essent PA
Statutory net income	N/A		$	(3,055)	$	859
Statutory surplus	N/A		54,044		52,609
Contingency reserve liability	N/A		52,244		56,744

- 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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