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Dividends Restrictions | 6 Months Ended
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Jun. 30, 2025
Statutory Accounting Practices, Statutory Amount Available for Dividend Payments [Abstract] |
Dividends Restrictions | Dividends Restrictions Our U.S. insurance subsidiaries are subject to certain capital and dividend rules and regulations as prescribed by jurisdictions in which they are authorized to operate. Under the insurance laws of the Commonwealth of Pennsylvania, an insurance company may pay dividends during any 12-month period in an amount equal to the greater of (i) 10% of the preceding year-end statutory policyholders' surplus or (ii) the preceding year's statutory net income. The Pennsylvania statute also specifies that dividends and other distributions can be paid out of positive unassigned surplus without prior approval. At June 30, 2025, Essent Guaranty had unassigned surplus of approximately $444.8 million. As of June 30, 2025, Essent Guaranty could pay additional ordinary dividends in 2025 of $365.5 million. In three and six months ended June 30, 2025, Essent Guaranty paid dividends of $65 million and $130 million, respectively, to its parent, Essent US Holdings, Inc. In three and six months ended June 30, 2024, Essent Guaranty paid dividends of $62.5 million and $107.5 million, respectively, to its parent, Essent US Holdings, Inc. Essent Re is subject to certain dividend restrictions as prescribed by the Bermuda Monetary Authority and under certain agreements with counterparties. In connection with the quota share reinsurance agreement with Essent Guaranty, Essent Re has agreed to maintain a minimum total equity of $100 million. As of June 30, 2025, Essent Re had total equity of $1.8 billion. In the three and six months ended June 30, 2025, Essent Re paid dividends of $120.0 million and $220.0 million, respectively, to its parent, Essent Group Ltd. In the three and six months ended June 30, 2024, Essent Re paid dividends of $87.5 million and $125.0 million, respectively, to its parent, Essent Group Ltd. At June 30, 2025, our insurance subsidiaries were in compliance with these rules, regulations and agreements.

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- Definition The entire disclosure of statutory restrictions on the payment of dividends as prescribed by the National Association of Insurance Commissioners or state regulatory authorities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 944 -SubTopic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/944-505/tableOfContent + Details
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