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v3.25.3

Nature of Operations and Basis of Presentation (Tables) | 9 Months Ended
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Sep. 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 Present |  | 50%
January 1, 2021 to December 31, 2024 |  | 35%
Prior to January 1, 2021 |  | 25%
The effect of reinsurance on net premiums written and earned is as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(In thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
Net premiums written: |  |  |  |  |  |  |  |
Direct |  | $ | 280,796 |  |  | $ | 277,754 |  |  | $ | 828,062 |  |  | $ | 819,595 |
Ceded (1) |  | (38,968) |  |  | (34,789) |  |  | (106,475) |  |  | (92,524) |
Net premiums written |  | $ | 241,828 |  |  | $ | 242,965 |  |  | $ | 721,587 |  |  | $ | 727,071 |
Net premiums earned: |  |  |  |  |  |  |  |
Direct |  | $ | 285,300 |  |  | $ | 283,725 |  |  | $ | 847,464 |  |  | $ | 838,941 |
Ceded (1) |  | (38,968) |  |  | (34,789) |  |  | (106,475) |  |  | (92,524) |
Net premiums earned |  | $ | 246,332 |  |  | $ | 248,936 |  |  | $ | 740,989 |  |  | $ | 746,417 |
(1)Net of profit commission. The following table summarizes Essent Guaranty's quota share reinsurance agreements as of September 30, 2025:
QSR Agreement |  | Coverage Period |  | Ceding Percentage
QSR-2019 |  | September 1, 2019 - December 31, 2020 |  | (1)
QSR-2022 |  | January 1, 2022 - December 31, 2022 |  | 20%
QSR-2023 |  | January 1, 2023 - December 31, 2023 |  | 17.5%
QSR-2024 |  | January 1, 2024 - December 31, 2024 |  | 15%
QSR-2025 |  | January 1, 2025 - December 31, 2025 |  | 25%
_______________________________________________________________________________ (1)Under QSR-2019, Essent Guaranty cedes 40% of premiums on singles policies and 20% on all other policies.

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479838/944-20-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 605 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479032/944-605-50-1 + Details
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