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Nature of Operations and Basis of Presentation (Tables)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Effects of Reinsurance The following table summarizes the quota share reinsurance coverage that Essent Re has provided to Essent Guaranty for the respective NIW periods:
NIW Period
Ceding Percentage
January 1, 2025 to Present50%
January 1, 2021 to December 31, 202435%
Prior to January 1, 202125%
The effect of reinsurance on net premiums written and earned is as follows:
Three Months Ended 
June 30,		Six Months Ended 
June 30,
(In thousands)2025202420252024
Net premiums written:
Direct$274,872 $272,910 $547,266 $541,841 
Ceded (1)(33,384)(27,344)(67,507)(57,735)
Net premiums written$241,488 $245,566 $479,759 $484,106 
Net premiums earned:
Direct$282,193 $279,235 $562,164 $555,216 
Ceded (1)(33,384)(27,344)(67,507)(57,735)
Net premiums earned$248,809 $251,891 $494,657 $497,481 
(1)Net of profit commission.
The following table summarizes Essent Guaranty's quota share reinsurance agreements as of June 30, 2025:

QSR AgreementCoverage PeriodCeding Percentage
QSR-2019
September 1, 2019 - December 31, 2020
(1)
QSR-2022
January 1, 2022 - December 31, 2022
20%
QSR-2023January 1, 2023 - December 31, 202317.5%
QSR-2024
January 1, 2024 - December 31, 2024
15%
QSR-2025
January 1, 2025 - December 31, 2025
25%

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(1)Under QSR-2019, Essent Guaranty cedes 40% of premiums on singles policies and 20% on all other policies.