# EDGAR Filing Document

**Accession Number:** 0001448893
**File Stem:** 0001448893-23-000010
**Filing Date:** 2023-2
**Character Count:** 112688
**Document Hash:** 5cfa841ea60504e851fba90f253666b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001448893-23-000010.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001448893-23-000010

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20230210

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Essent Group Ltd.
- **CENTRAL INDEX KEY:** 0001448893
- **STANDARD INDUSTRIAL CLASSIFICATION:** SURETY INSURANCE [6351]
- **IRS NUMBER:** 980673656
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-36157
- **FILM NUMBER:** 23608604

**BUSINESS ADDRESS:**
- **STREET 1:** CLARENDON HOUSE
- **STREET 2:** 2 CHURCH STREET
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 11
- **BUSINESS PHONE:** 441-297-9901

**MAIL ADDRESS:**
- **STREET 1:** CLARENDON HOUSE
- **STREET 2:** 2 CHURCH STREET
- **CITY:** HAMILTON
- **STATE:** D0
- **ZIP:** HM 11

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Essent group Ltd.
- **DATE OF NAME CHANGE:** 20081028

?xml version="1.0" ? esnt-20230210

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K** 

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of report (Date of Earliest Event Reported): February 10, 2023**

**ESSENT GROUP LTD.** 

**(Exact name of registrant as specified in its charter)** 

---

| | | |
|:---|:---|:---|
| **Bermuda** | **001-36157** | **Not Applicable** |
| (State of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

**Clarendon House** 

**2 Church Street** 

**Hamilton HM11, Bermuda** 

(Address of Principal Executive Offices and Zip Code)

**(441) 297-9901** 

(Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition

period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange on which registered** |
| Common Shares, $0.015 par value | ESNT | New York Stock Exchange |

---

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**Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition**

On February 10, 2023, Essent Group Ltd. (the "Company") issued a press release announcing its financial results for the quarter and year ended December 31, 2022. A copy of this press release is furnished as Exhibit 99.1 to this report.

The information in this report, including Exhibit 99.1, has been "furnished" and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to liability under that section. The information in this report shall not be incorporated by reference into any filing or other document under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing or document.

**Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits**

(d) Exhibits

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| | |
|:---|:---|
| Exhibit<br> No. | Description |
| 104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
| <u>[99.1](a123122financialsupplement.htm)</u> | Press Release issued by Essent Group Ltd. on February 10, 2023. |

---

------

**<u>SIGNATURE</u>**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 10, 2023

**ESSENT GROUP LTD.**

By:&nbsp;&nbsp;&nbsp;&nbsp;<u>/s/ David B. Weinstock</u>

Name: David B. Weinstock

Title: Vice President, Chief Accounting Officer and Interim Chief Financial Officer

## Exhibit 99.1

**Exhibit 99.1**

**Essent Group Ltd. Announces Fourth Quarter & Full Year 2022 Results and Increases Quarterly Dividend**

HAMILTON, Bermuda--(BUSINESS WIRE)--February 10, 2023--Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended December 31, 2022 of $147.4 million or $1.37 per diluted share, compared to $181.0 million or $1.64 per diluted share for the quarter ended December 31, 2021. For the full year 2022, net income was $831.4 million or $7.72 per diluted share, compared to $681.8 million or $6.11 per diluted share for 2021.

Essent also announced today that its Board of Directors has declared a quarterly cash dividend of $0.25 per common share. The dividend is payable on March 20, 2023, to shareholders of record on March 10, 2023.

"We are pleased with our fourth quarter and full year 2022 financial results, which reflect our continued focus on generating high-quality earnings and solid returns," said Mark A. Casale, Chairman and Chief Executive Officer. "Our results reflect our focus on optimizing unit economics along with continued favorable credit performance. We remain committed to taking a measured approach to capital management. In connection with this, we are pleased to announce that our Board has approved an increase in our quarterly dividend to $0.25 per share."

**Financial Highlights:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• New insurance written for the fourth quarter of 2022 was $13.0 billion, compared to $17.1 billion in the third quarter of 2022 and $16.4 billion in the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Insurance in force as of December 31, 2022 was $227.1 billion, compared to $222.5 billion as of September 30, 2022 and $207.2 billion as of December 31, 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• The combined ratio for the fourth quarter was 24.6%, compared to 22.3% in the third quarter of 2022 and 17.4% in the fourth quarter of 2021.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• During the fourth quarter of 2022, we entered into a quota share reinsurance transaction with a panel of highly rated third-party reinsurers. The quota share agreement covers 17.5% of all eligible policies written by Essent Guaranty, Inc. in the calendar year 2023.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Last week, Essent US Holdings entered into an agreement to acquire the title insurance operations from a subsidiary of Finance of America Companies for $100 million.

**Conference Call:**

Essent management will hold a conference call at 10:00 AM Eastern time today to discuss its results. The conference call will be broadcast live over the Internet at <u>http://ir.essentgroup.com/events-and-presentations/events/default.aspx</u>. The call may also be accessed by dialing 888-330-2384 inside the U.S., or 240-789-2701 for international callers, using passcode 9824537 or by referencing Essent.

A replay of the webcast will be available on the Essent website approximately two hours after the live broadcast ends for a period of one year. A replay of the conference call will be available approximately two hours after the call ends for a period of two weeks, using the following dial-in numbers and passcode: 800-770-2030 inside the U.S., or 647-362-9199 for international callers, passcode 9824537.

In addition to the information provided in the Company's earnings news release, other statistical and financial information, which may be referred to during the conference call, will be available on Essent's website at <u>http://ir.essentgroup.com/financials/quarterly-results/default.aspx</u>.

------

**Forward-Looking Statements:**

This press release may include "forward-looking statements" which are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," or "potential" or the negative thereof or variations thereon or similar terminology. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors. Although it is not possible to identify all of these risks and factors, they include, among others, the following: the impact of COVID-19 and related economic conditions; changes in or to Fannie Mae and Freddie Mac (the "GSEs"), whether through Federal legislation, restructurings or a shift in business practices; failure to continue to meet the mortgage insurer eligibility requirements of the GSEs; competition for customers; lenders or investors seeking alternatives to private mortgage insurance; deteriorating economic conditions (including inflation, rising interest rates and other adverse economic trends); an increase in the number of loans insured through Federal government mortgage insurance programs, including those offered by the Federal Housing Administration; decline in new insurance written and franchise value due to loss of a significant customer; decline in the volume of low down payment mortgage originations; the definition of "Qualified Mortgage" reducing the size of the mortgage origination market or creating incentives to use government mortgage insurance programs; the definition of "Qualified Residential Mortgage" reducing the number of low down payment loans or lenders and investors seeking alternatives to private mortgage insurance; the implementation of the Basel III Capital Accord discouraging the use of private mortgage insurance; a decrease in the length of time that insurance policies are in force; uncertainty of loss reserve estimates; our non-U.S. operations becoming subject to U.S. Federal income taxation; becoming considered a passive foreign investment company for U.S. Federal income tax purposes; and other risks and factors described in Part I, Item 1A "Risk Factors" of our Annual Report on Form 10-K for the year ended December 31, 2021 filed with the Securities and Exchange Commission on February 16, 2022, as

subsequently updated through other reports we file with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

**About the Company:**

Essent Group Ltd. (NYSE: ESNT) is a Bermuda-based holding company (collectively with its subsidiaries, "Essent") which, through its wholly-owned subsidiary, Essent Guaranty, Inc., offers private mortgage insurance for single-family mortgage loans in the United States. Essent provides private capital to mitigate mortgage credit risk, allowing lenders to make additional mortgage financing available to prospective homeowners. Headquartered in Radnor, Pennsylvania, Essent Guaranty, Inc. is licensed to write mortgage insurance in all 50 states and the District of Columbia, and is approved by Fannie Mae and Freddie Mac. Essent also offers mortgage-related insurance, reinsurance and advisory services through its Bermuda-based subsidiary, Essent Reinsurance Ltd. Essent is committed to supporting environmental, social and governance ("ESG") initiatives that are relevant to the company and align with the companywide dedication to responsible corporate citizenship that positively impacts the community and people served. Additional information regarding Essent may be found at <u>www.essentgroup.com</u> and <u>www.essent.us</u>.

Source: Essent Group Ltd.

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| | |
|:---|:---|
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Financial Results and Supplemental Information (Unaudited)** | **Financial Results and Supplemental Information (Unaudited)** |
| **Quarter and Year Ended December 31, 2022** | **Quarter and Year Ended December 31, 2022** |
| Exhibit A | Condensed Consolidated Statements of Comprehensive Income (Unaudited) |
| Exhibit B | Condensed Consolidated Balance Sheets (Unaudited) |
| Exhibit C | Historical Quarterly Data |
| Exhibit D | New Insurance Written |
| Exhibit E | Insurance in Force and Risk in Force |
| Exhibit F | Other Risk in Force |
| Exhibit G | Portfolio Vintage Data |
| Exhibit H | Reinsurance Vintage Data |
| Exhibit I | Portfolio Geographic Data |
| Exhibit J | Rollforward of Defaults and Reserve for Losses and LAE |
| Exhibit K | Detail of Reserves by Default Delinquency |
| Exhibit L | Investments Available for Sale |
| Exhibit M | Insurance Company Capital |

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| | | | | |
|:---|:---|:---|:---|:---|
| | | | | **Exhibit A** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Condensed Consolidated Statements of Comprehensive Income (Unaudited)** | **Condensed Consolidated Statements of Comprehensive Income (Unaudited)** | **Condensed Consolidated Statements of Comprehensive Income (Unaudited)** | **Condensed Consolidated Statements of Comprehensive Income (Unaudited)** | **Condensed Consolidated Statements of Comprehensive Income (Unaudited)** |
| | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Year Ended December 31,** | **Year Ended December 31,** |
| <u>(In thousands, except per share amounts)</u> | **2022** | **2021** | **2022** | **2021** |
| **Revenues:** |  |  |  |  |
| Direct premiums written | $235015 | $224972 | $927702 | $918406 |
| &nbsp;&nbsp;&nbsp;Ceded premiums | (34289) | (26476) | (107673) | (110914) |
| Net premiums written | 200726 | 198496 | 820029 | 807492 |
| &nbsp;&nbsp;&nbsp;Decrease in unearned premiums | 6526 | 18825 | 22498 | 65051 |
| Net premiums earned | 207252 | 217321 | 842527 | 872543 |
| Net investment income | 37796 | 23661 | 124409 | 88765 |
| Realized investment (losses) gains, net | (5524) | (191) | (13172) | 418 |
| Income (loss) from other invested assets | (7599) | 14997 | 28676 | 56386 |
| Other income | (1888) | 1128 | 18384 | 10398 |
| &nbsp;&nbsp;&nbsp;**Total revenues** | 230037 | 256916 | 1000824 | 1028510 |
| **Losses and expenses:** |  |  |  |  |
| (Benefit) provision for losses and LAE | 4101 | (3433) | (174704) | 31057 |
| Other underwriting and operating expenses | 46895 | 41232 | 171733 | 166857 |
| Interest expense | 6045 | 2095 | 15608 | 8282 |
| &nbsp;&nbsp;&nbsp;**Total losses and expenses** | 57041 | 39894 | 12637 | 206196 |
| Income before income taxes | 172996 | 217022 | 988187 | 822314 |
| Income tax expense | 25630 | 36035 | 156834 | 140531 |
| &nbsp;&nbsp;&nbsp;**Net income** | $147366 | $180987 | $831353 | $681783 |
| **Earnings per share:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $1.38 | $1.65 | $7.75 | $6.13 |
| &nbsp;&nbsp;&nbsp;Diluted | 1.37 | 1.64 | 7.72 | 6.11 |
| **Weighted average shares outstanding:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 106881 | 109550 | 107205 | 111164 |
| &nbsp;&nbsp;&nbsp;Diluted | 107419 | 110028 | 107653 | 111555 |
| **Net income** | $147366 | $180987 | $831353 | $681783 |
| **Other comprehensive (loss) income:** |  |  |  |  |
| Change in unrealized (depreciation) appreciation of investments | 40787 | (27807) | (433497) | (87567) |
| Total other comprehensive (loss) income | 40787 | (27807) | (433497) | (87567) |
| **Comprehensive income** | $188153 | $153180 | $397856 | $594216 |
| **Loss ratio** | 2.0% | (1.6%) | (20.7%) | 3.6% |
| **Expense ratio** | 22.6 | 19.0 | 20.4 | 19.1 |
| **Combined ratio** | 24.6% | 17.4% | (0.4%) | 22.7% |

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| | | |
|:---|:---|:---|
| | | **Exhibit B** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Condensed Consolidated Balance Sheets (Unaudited)** | **Condensed Consolidated Balance Sheets (Unaudited)** | **Condensed Consolidated Balance Sheets (Unaudited)** |
| | **December 31,** | **December 31,** |
| <u>(In thousands, except per share amounts)</u> | **2022** | **2021** |
| ***Assets*** |  |  |
| Investments |  |  |
| &nbsp;&nbsp;&nbsp;Fixed maturities available for sale, at fair value | $4489598 | $4649800 |
| &nbsp;&nbsp;&nbsp;Short-term investments available for sale, at fair value | 252027 | 313087 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total investments available for sale | 4741625 | 4962887 |
| &nbsp;&nbsp;&nbsp;Other invested assets | 257941 | 170472 |
| Total investments | 4999566 | 5133359 |
| Cash | 81240 | 81491 |
| Accrued investment income | 33162 | 26546 |
| Accounts receivable | 57399 | 46157 |
| Deferred policy acquisition costs | 9910 | 12178 |
| Property and equipment | 19571 | 11921 |
| Prepaid federal income tax | 418460 | 360810 |
| Other assets | 104489 | 49712 |
| **Total assets** | $5723797 | $5722174 |
| ***Liabilities and Stockholders' Equity*** |  |  |
| **Liabilities** |  |  |
| Reserve for losses and LAE | $216464 | $407445 |
| Unearned premium reserve | 162887 | 185385 |
| Net deferred tax liability | 356810 | 373654 |
| Credit facility borrowings, net of deferred costs | 420864 | 419823 |
| Other accrued liabilities | 104463 | 99753 |
| Total liabilities | 1261488 | 1486060 |
| Commitments and contingencies |  |  |
| **Stockholders' Equity** |  |  |
| Common shares, $0.015 par value: |  |  |
| &nbsp;&nbsp;&nbsp;Authorized - 233,333; issued and outstanding - 107,683 shares in 2022 and 109,377 shares in 2021 | 1615 | 1641 |
| Additional paid-in capital | 1350377 | 1428952 |
| Accumulated other comprehensive income (loss) | (382790) | 50707 |
| Retained earnings | 3493107 | 2754814 |
| Total stockholders' equity | 4462309 | 4236114 |
| **Total liabilities and stockholders' equity** | $5723797 | $5722174 |
| **Return on average equity** | 19.1% | 16.8% |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Exhibit C** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Historical Quarterly Data** | **Historical Quarterly Data** | **Historical Quarterly Data** | **Historical Quarterly Data** | **Historical Quarterly Data** | **Historical Quarterly Data** |
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
| **Selected Income Statement Data** | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** |
| <u>(In thousands, except per share amounts)</u> |  |  |  |  |  |
| **Revenues:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Net premiums earned: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Mortgage Insurance Portfolio | $192670 | $194272 | $198891 | $203312 | $205877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GSE and other risk share | 14582 | 13662 | 13120 | 12018 | 11444 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net premiums earned | 207252 | 207934 | 212011 | 215330 | 217321 |
| &nbsp;&nbsp;&nbsp;&nbsp;Net investment income | 37796 | 32594 | 29339 | 24680 | 23661 |
| &nbsp;&nbsp;&nbsp;&nbsp;Realized investment (losses) gains, net | (5524) | 175 | (471) | (7352) | (191) |
| &nbsp;&nbsp;&nbsp;&nbsp;Income (loss) from other invested assets | (7599) | 9617 | 1953 | 24705 | 14997 |
| &nbsp;&nbsp;&nbsp;Other income (loss) **(1)** | (1888) | 11447 | 1577 | 7248 | 1128 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total revenues | 230037 | 261767 | 244409 | 264611 | 256916 |
| **Losses and expenses:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Benefit) provision for losses and LAE | 4101 | 4252 | (76199) | (106858) | (3433) |
| &nbsp;&nbsp;&nbsp;&nbsp;Other underwriting and operating expenses | 46895 | 42144 | 41898 | 40796 | 41232 |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest expense | 6045 | 4450 | 2887 | 2226 | 2095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total losses and expenses | 57041 | 50846 | (31414) | (63836) | 39894 |
| Income before income taxes | 172996 | 210921 | 275823 | 328447 | 217022 |
| Income tax expense **(2)** | 25630 | 32870 | 44054 | 54280 | 36035 |
| &nbsp;&nbsp;&nbsp;**Net income** | $147366 | $178051 | $231769 | $274167 | $180987 |
| **Earnings per share:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.38 | $1.67 | $2.17 | $2.53 | $1.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 1.37 | 1.66 | 2.16 | 2.52 | 1.64 |
| **Weighted average shares outstanding:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 106881 | 106870 | 106921 | 108166 | 109550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted | 107419 | 107337 | 107283 | 108590 | 110028 |
| **Book value per share** | $41.44 | $39.87 | $39.67 | $38.98 | $38.73 |
| **Return on average equity (annualized)** | 13.5% | 16.6% | 21.8% | 26.0% | 17.2% |
| **Other Data:** |  |  |  |  |  |
| Loss ratio **(3)** | 2.0% | 2.0% | (35.9%) | (49.6%) | (1.6%) |
| &nbsp;&nbsp;&nbsp;&nbsp;Expense ratio **(4)** | 22.6 | 20.3 | 19.8 | 18.9 | 19.0 |
| &nbsp;&nbsp;&nbsp;&nbsp; Combined ratio | 24.6% | 22.3% | (16.2%) | (30.7%) | 17.4% |
| **Credit Facility** |  |  |  |  |  |
| Borrowings outstanding | $425000 | $425000 | $425000 | $425000 | $425000 |
| Undrawn committed capacity | $400000 | $400000 | $400000 | $400000 | $400000 |
| Weighted average interest rate (end of period) | 6.02% | 4.39% | 2.92% | 1.99% | 1.79% |
| Debt-to-capital | 8.70% | 9.01% | 9.05% | 9.16% | 9.12% |
| **(1)** For each of the three month periods noted, Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements as follows: December 31, 2022: ($6515); September 30, 2022: $5,177; June 30, 2022: ($5549); March 31, 2022: $4,365; December 31, 2021: ($2931). | **(1)** For each of the three month periods noted, Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements as follows: December 31, 2022: ($6515); September 30, 2022: $5,177; June 30, 2022: ($5549); March 31, 2022: $4,365; December 31, 2021: ($2931). | **(1)** For each of the three month periods noted, Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements as follows: December 31, 2022: ($6515); September 30, 2022: $5,177; June 30, 2022: ($5549); March 31, 2022: $4,365; December 31, 2021: ($2931). | **(1)** For each of the three month periods noted, Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements as follows: December 31, 2022: ($6515); September 30, 2022: $5,177; June 30, 2022: ($5549); March 31, 2022: $4,365; December 31, 2021: ($2931). | **(1)** For each of the three month periods noted, Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements as follows: December 31, 2022: ($6515); September 30, 2022: $5,177; June 30, 2022: ($5549); March 31, 2022: $4,365; December 31, 2021: ($2931). | **(1)** For each of the three month periods noted, Other income includes net favorable (unfavorable) changes in the fair value of embedded derivatives associated with certain of our third-party reinsurance agreements as follows: December 31, 2022: ($6515); September 30, 2022: $5,177; June 30, 2022: ($5549); March 31, 2022: $4,365; December 31, 2021: ($2931). |
| **(2)** Income tax expense for the quarter ended December 31, 2021 includes $2,473 of discrete tax expense associated with an increase in the estimate of our beginning of the year deferred state income tax liability. Income tax expense for the quarters ended December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022 and December 31, 2021 includes ($4122), $2,925, ($299), $7,002 and $1,759, respectively, of discrete tax (benefit) expense associated with realized and unrealized gains and losses. | **(2)** Income tax expense for the quarter ended December 31, 2021 includes $2,473 of discrete tax expense associated with an increase in the estimate of our beginning of the year deferred state income tax liability. Income tax expense for the quarters ended December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022 and December 31, 2021 includes ($4122), $2,925, ($299), $7,002 and $1,759, respectively, of discrete tax (benefit) expense associated with realized and unrealized gains and losses. | **(2)** Income tax expense for the quarter ended December 31, 2021 includes $2,473 of discrete tax expense associated with an increase in the estimate of our beginning of the year deferred state income tax liability. Income tax expense for the quarters ended December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022 and December 31, 2021 includes ($4122), $2,925, ($299), $7,002 and $1,759, respectively, of discrete tax (benefit) expense associated with realized and unrealized gains and losses. | **(2)** Income tax expense for the quarter ended December 31, 2021 includes $2,473 of discrete tax expense associated with an increase in the estimate of our beginning of the year deferred state income tax liability. Income tax expense for the quarters ended December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022 and December 31, 2021 includes ($4122), $2,925, ($299), $7,002 and $1,759, respectively, of discrete tax (benefit) expense associated with realized and unrealized gains and losses. | **(2)** Income tax expense for the quarter ended December 31, 2021 includes $2,473 of discrete tax expense associated with an increase in the estimate of our beginning of the year deferred state income tax liability. Income tax expense for the quarters ended December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022 and December 31, 2021 includes ($4122), $2,925, ($299), $7,002 and $1,759, respectively, of discrete tax (benefit) expense associated with realized and unrealized gains and losses. | **(2)** Income tax expense for the quarter ended December 31, 2021 includes $2,473 of discrete tax expense associated with an increase in the estimate of our beginning of the year deferred state income tax liability. Income tax expense for the quarters ended December 31, 2022, September 30, 2022, June 30, 2022, March 31, 2022 and December 31, 2021 includes ($4122), $2,925, ($299), $7,002 and $1,759, respectively, of discrete tax (benefit) expense associated with realized and unrealized gains and losses. |
| **(3)** Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned. | **(3)** Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned. | **(3)** Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned. | **(3)** Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned. | **(3)** Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned. | **(3)** Loss ratio is calculated by dividing the provision for losses and LAE by net premiums earned. |
| **(4)** Expense ratio is calculated by dividing other underwriting and operating expenses by net premiums earned. | **(4)** Expense ratio is calculated by dividing other underwriting and operating expenses by net premiums earned. | **(4)** Expense ratio is calculated by dividing other underwriting and operating expenses by net premiums earned. | **(4)** Expense ratio is calculated by dividing other underwriting and operating expenses by net premiums earned. | **(4)** Expense ratio is calculated by dividing other underwriting and operating expenses by net premiums earned. | **(4)** Expense ratio is calculated by dividing other underwriting and operating expenses by net premiums earned. |

---

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Exhibit C, continued** | **Exhibit C, continued** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Historical Quarterly Data** | **Historical Quarterly Data** | **Historical Quarterly Data** | **Historical Quarterly Data** | **Historical Quarterly Data** | **Historical Quarterly Data** |
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
| **Other Data, continued:** | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** |
| <u>($ in thousands)</u> |  |  |  |  |  |
| **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** |  |  |  |  |
| **Flow:** |  |  |  |  |  |
| New insurance written | $13011432 | $17112017 | $20096135 | $12841482 | $16379082 |
| New risk written | 3522726 | 4570699 | 5442115 | 3438016 | 4331531 |
| **Bulk:** |  |  |  |  |  |
| New insurance written | $— | $— | $196 | $— | $416 |
| New risk written |  |  | 29 |  | 41 |
| **Total:** |  |  |  |  |  |
| New insurance written | $13011432 | $17112017 | $20096331 | $12841482 | $16379498 |
| New risk written | $3522726 | $4570669 | $5442144 | $3438016 | $4331572 |
| Average insurance in force | $224840675 | $219280350 | $210896297 | $206631135 | $207388906 |
| Insurance in force (end of period) | $227062055 | $222542569 | $215896531 | $206842996 | $207190544 |
| Gross risk in force (end of period) **(5)** | $59276489 | $57743091 | $55678063 | $52847985 | $52554246 |
| Risk in force (end of period) | $49903626 | $48690571 | $47289910 | $45261164 | $45273383 |
| Policies in force | 808596 | 800745 | 789652 | 774002 | 785119 |
| Weighted average coverage **(6)** | 26.1% | 25.9% | 25.8% | 25.5% | 25.4% |
| Annual persistency | 82.1% | 77.9% | 73.4% | 69.1% | 65.4% |
| Loans in default (count) | 13433 | 12435 | 12707 | 14923 | 16963 |
| Percentage of loans in default | 1.66% | 1.55% | 1.61% | 1.93% | 2.16% |
| **U.S. Mortgage Insurance Portfolio premium rate:** | **U.S. Mortgage Insurance Portfolio premium rate:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Base average premium rate **(7)** | 0.40% | 0.40% | 0.41% | 0.41% | 0.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;Single premium cancellations **(8)** | —% | 0.01% | 0.01% | 0.02% | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;Gross average premium rate | 0.40% | 0.41% | 0.42% | 0.43% | 0.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;Ceded premiums | (0.06%) | (0.06%) | (0.04%) | (0.04%) | (0.05%) |
| &nbsp;&nbsp;&nbsp;&nbsp;Net average premium rate | 0.34% | 0.35% | 0.38% | 0.39% | 0.40% |
| **(5)** Gross risk in force includes risk ceded under third-party reinsurance. | **(5)** Gross risk in force includes risk ceded under third-party reinsurance. | **(5)** Gross risk in force includes risk ceded under third-party reinsurance. | **(5)** Gross risk in force includes risk ceded under third-party reinsurance. | **(5)** Gross risk in force includes risk ceded under third-party reinsurance. | **(5)** Gross risk in force includes risk ceded under third-party reinsurance. |
| **(6)** Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force. | **(6)** Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force. | **(6)** Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force. | **(6)** Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force. | **(6)** Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force. | **(6)** Weighted average coverage is calculated by dividing end of period gross risk in force by end of period insurance in force. |
| **(7)** Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period. | **(7)** Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period. | **(7)** Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period. | **(7)** Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period. | **(7)** Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period. | **(7)** Base average premium rate is calculated by dividing annualized base premiums earned by average insurance in force for the period. |
| **(8)** Single premium cancellations is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period. | **(8)** Single premium cancellations is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period. | **(8)** Single premium cancellations is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period. | **(8)** Single premium cancellations is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period. | **(8)** Single premium cancellations is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period. | **(8)** Single premium cancellations is calculated by dividing annualized premiums on the cancellation of non-refundable single premium policies by average insurance in force for the period. |

---

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| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | **Exhibit D** | **Exhibit D** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **New Insurance Written: Flow** | **New Insurance Written: Flow** | **New Insurance Written: Flow** | **New Insurance Written: Flow** | **New Insurance Written: Flow** | **New Insurance Written: Flow** | **New Insurance Written: Flow** | **New Insurance Written: Flow** | **New Insurance Written: Flow** |
| **NIW by Credit Score** | **NIW by Credit Score** | **NIW by Credit Score** | **NIW by Credit Score** | **NIW by Credit Score** | **NIW by Credit Score** | **NIW by Credit Score** | **NIW by Credit Score** | **NIW by Credit Score** |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
| | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;>=760 | $4761917 | 36.6% | $6643740 | 40.6% | $25704025 | 40.8% | $34422627 | 40.9% |
| &nbsp;&nbsp;&nbsp;740-759 | 2428164 | 18.7 | 2833379 | 17.3 | 10927903 | 17.3 | 13691394 | 16.3 |
| &nbsp;&nbsp;&nbsp;720-739 | 2301392 | 17.7 | 2472738 | 15.1 | 10186558 | 16.2 | 12789715 | 15.2 |
| &nbsp;&nbsp;&nbsp;700-719 | 1919146 | 14.6 | 2170829 | 13.2 | 8371867 | 13.2 | 11499406 | 13.6 |
| &nbsp;&nbsp;&nbsp;680-699 | 1138743 | 8.8 | 1504268 | 9.2 | 5548687 | 8.8 | 7359569 | 8.7 |
| &nbsp;&nbsp;&nbsp;<=679 | 462070 | 3.6 | 754128 | 4.6 | 2322026 | 3.7 | 4455123 | 5.3 |
| Total | $13011432 | 100.0% | $16379082 | 100.0% | $63061066 | 100.0% | $84217834 | 100.0% |
| Weighted average credit score | 744 |  | 745 |  | 746 |  | 745 |  |
| **NIW by LTV** | **NIW by LTV** | **NIW by LTV** | **NIW by LTV** | **NIW by LTV** | **NIW by LTV** | **NIW by LTV** | **NIW by LTV** | **NIW by LTV** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
|  | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;85.00% and below | $1121853 | 8.6% | $1799336 | 11.0% | $5678058 | 9.0% | $11460273 | 13.6% |
| &nbsp;&nbsp;&nbsp;85.01% to 90.00% | 3075304 | 23.6 | 4372552 | 26.7 | 16732649 | 26.5 | 23565227 | 28.0 |
| &nbsp;&nbsp;&nbsp;90.01% to 95.00% | 7464333 | 57.4 | 7722842 | 47.1 | 33925998 | 53.8 | 37813167 | 44.9 |
| &nbsp;&nbsp;&nbsp;95.01% and above | 1349942 | 10.4 | 2484352 | 15.2 | 6724361 | 10.7 | 11379167 | 13.5 |
| Total | $13011432 | 100.0% | $16379082 | 100.0% | $63061066 | 100.0% | $84217834 | 100.0% |
| Weighted average LTV | 93% |  | 92% |  | 93% |  | 92% |  |
| **NIW by Product** | **NIW by Product** | **NIW by Product** | **NIW by Product** | **NIW by Product** | **NIW by Product** | **NIW by Product** | **NIW by Product** | **NIW by Product** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
|  | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** |
| Single Premium policies |  | 4.3% |  | 2.7% |  | 5.6% |  | 3.8% |
| Monthly Premium policies |  | 95.7 |  | 97.3 |  | 94.4 |  | 96.2 |
|  |  | 100.0% |  | 100.0% |  | 100.0% |  | 100.0% |
| **NIW by Purchase vs. Refinance** | **NIW by Purchase vs. Refinance** | **NIW by Purchase vs. Refinance** | **NIW by Purchase vs. Refinance** | **NIW by Purchase vs. Refinance** | **NIW by Purchase vs. Refinance** | **NIW by Purchase vs. Refinance** | **NIW by Purchase vs. Refinance** | **NIW by Purchase vs. Refinance** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
|  | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** |
| Purchase |  | 98.9% |  | 92.1% |  | 97.6% |  | 82.1% |
| Refinance |  | 1.1 |  | 7.9 |  | 2.4 |  | 17.9 |
|  |  | 100.0% |  | 100.0% |  | 100.0% |  | 100.0% |

---

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | **Exhibit E** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Insurance in Force and Risk in Force** | **Insurance in Force and Risk in Force** | **Insurance in Force and Risk in Force** | **Insurance in Force and Risk in Force** | **Insurance in Force and Risk in Force** | **Insurance in Force and Risk in Force** | **Insurance in Force and Risk in Force** |
| **Portfolio by Credit Score** | **Portfolio by Credit Score** | **Portfolio by Credit Score** | **Portfolio by Credit Score** | **Portfolio by Credit Score** | **Portfolio by Credit Score** | **Portfolio by Credit Score** |
| IIF by FICO score | **December 31, 2022** | **December 31, 2022** | **September 30, 2022** | **September 30, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;>=760 | $93389066 | 41.1% | $92309692 | 41.5% | $85501113 | 41.3% |
| &nbsp;&nbsp;&nbsp;740-759 | 38842311 | 17.2 | 37821201 | 17.0 | 35111019 | 17.0 |
| &nbsp;&nbsp;&nbsp;720-739 | 34981632 | 15.4 | 33910646 | 15.2 | 31158325 | 15.0 |
| &nbsp;&nbsp;&nbsp;700-719 | 29146543 | 12.8 | 28263518 | 12.7 | 26105790 | 12.6 |
| &nbsp;&nbsp;&nbsp;680-699 | 18859824 | 8.3 | 18351570 | 8.2 | 16819629 | 8.1 |
| &nbsp;&nbsp;&nbsp;<=679 | 11842679 | 5.2 | 11885942 | 5.4 | 12494668 | 6.0 |
| Total | $227062055 | 100.0% | $222542569 | 100.0% | $207190544 | 100.0% |
| Weighted average credit score | 746 |  | 746 |  | 745 |  |
| Gross RIF by FICO score | **December 31, 2022** | **December 31, 2022** | **September 30, 2022** | **September 30, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;>=760 | $24152726 | 40.8% | $23743335 | 41.1% | $21488011 | 40.9% |
| &nbsp;&nbsp;&nbsp;740-759 | 10255195 | 17.3 | 9920331 | 17.2 | 8992181 | 17.1 |
| &nbsp;&nbsp;&nbsp;720-739 | 9276750 | 15.6 | 8934327 | 15.5 | 8029952 | 15.3 |
| &nbsp;&nbsp;&nbsp;700-719 | 7696965 | 13.0 | 7412542 | 12.8 | 6693045 | 12.7 |
| &nbsp;&nbsp;&nbsp;680-699 | 4963470 | 8.4 | 4801986 | 8.3 | 4299245 | 8.2 |
| &nbsp;&nbsp;&nbsp;<=679 | 2931383 | 4.9 | 2930570 | 5.1 | 3051812 | 5.8 |
| Total | $59276489 | 100.0% | $57743091 | 100.0% | $52554246 | 100.0% |
| **Portfolio by LTV** | **Portfolio by LTV** | **Portfolio by LTV** | **Portfolio by LTV** | **Portfolio by LTV** | **Portfolio by LTV** | **Portfolio by LTV** |
| IIF by LTV | **December 31, 2022** | **December 31, 2022** | **September 30, 2022** | **September 30, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;85.00% and below | $24454468 | 10.8% | $25121995 | 11.3% | $27362267 | 13.2% |
| &nbsp;&nbsp;&nbsp;85.01% to 90.00% | 63436445 | 27.8 | 62963331 | 28.3 | 59567378 | 28.7 |
| &nbsp;&nbsp;&nbsp;90.01% to 95.00% | 107932064 | 47.6 | 103794020 | 46.6 | 91350909 | 44.1 |
| &nbsp;&nbsp;&nbsp;95.01% and above | 31239078 | 13.8 | 30663223 | 13.8 | 28909990 | 14.0 |
| Total | $227062055 | 100.0% | $222542569 | 100.0% | $207190544 | 100.0% |
| Weighted average LTV | 92% |  | 92% |  | 92% |  |
| Gross RIF by LTV | **December 31, 2022** | **December 31, 2022** | **September 30, 2022** | **September 30, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;85.00% and below | $2903877 | 4.9% | $2975898 | 5.2% | $3200124 | 6.1% |
| &nbsp;&nbsp;&nbsp;85.01% to 90.00% | 15477031 | 26.1 | 15317449 | 26.5 | 14366450 | 27.3 |
| &nbsp;&nbsp;&nbsp;90.01% to 95.00% | 31642669 | 53.4 | 30388328 | 52.6 | 26592162 | 50.6 |
| &nbsp;&nbsp;&nbsp;95.01% and above | 9252912 | 15.6 | 9061416 | 15.7 | 8395510 | 16.0 |
| Total | $59276489 | 100.0% | $57743091 | 100.0% | $52554246 | 100.0% |
| **Portfolio by Loan Amortization Period** | **Portfolio by Loan Amortization Period** | **Portfolio by Loan Amortization Period** | **Portfolio by Loan Amortization Period** | **Portfolio by Loan Amortization Period** | **Portfolio by Loan Amortization Period** | **Portfolio by Loan Amortization Period** |
| IIF by Loan Amortization Period | **December 31, 2022** | **December 31, 2022** | **September 30, 2022** | **September 30, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;FRM 30 years and higher | $219416408 | 96.7% | $214688363 | 96.5% | $198243758 | 95.7% |
| &nbsp;&nbsp;&nbsp;FRM 20-25 years | 2601108 | 1.1 | 2859734 | 1.3 | 3658366 | 1.8 |
| &nbsp;&nbsp;&nbsp;FRM 15 years | 2552931 | 1.1 | 2903355 | 1.3 | 3996684 | 1.9 |
| &nbsp;&nbsp;&nbsp;ARM 5 years and higher | 2491608 | 1.1 | 2091117 | 0.9 | 1291736 | 0.6 |
| Total | $227062055 | 100.0% | $222542569 | 100.0% | $207190544 | 100.0% |

---

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Exhibit F** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Other Risk in Force** | **Other Risk in Force** | **Other Risk in Force** | **Other Risk in Force** | **Other Risk in Force** | **Other Risk in Force** |
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
| <u>($ in thousands)</u> | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** |
| **GSE and other risk share (1):** |  |  |  |  |  |
| Risk in Force | $2030571 | $2026895 | $1898364 | $1888437 | $1788918 |
| Reserve for losses and LAE | $74 | $102 | $144 | $254 | $1349 |
| Weighted average credit score | 749 | 748 | 748 | 748 | 748 |
| Weighted average LTV | 83% | 84% | 84% | 84% | 84% |
| **(1)** GSE and other risk share includes GSE risk share and other reinsurance transactions. Essent Reinsurance Ltd. ("Essent Re") provides insurance or reinsurance relating to the risk in force on loans in reference pools acquired by Freddie Mac and Fannie Mae. | **(1)** GSE and other risk share includes GSE risk share and other reinsurance transactions. Essent Reinsurance Ltd. ("Essent Re") provides insurance or reinsurance relating to the risk in force on loans in reference pools acquired by Freddie Mac and Fannie Mae. | **(1)** GSE and other risk share includes GSE risk share and other reinsurance transactions. Essent Reinsurance Ltd. ("Essent Re") provides insurance or reinsurance relating to the risk in force on loans in reference pools acquired by Freddie Mac and Fannie Mae. | **(1)** GSE and other risk share includes GSE risk share and other reinsurance transactions. Essent Reinsurance Ltd. ("Essent Re") provides insurance or reinsurance relating to the risk in force on loans in reference pools acquired by Freddie Mac and Fannie Mae. | **(1)** GSE and other risk share includes GSE risk share and other reinsurance transactions. Essent Reinsurance Ltd. ("Essent Re") provides insurance or reinsurance relating to the risk in force on loans in reference pools acquired by Freddie Mac and Fannie Mae. | **(1)** GSE and other risk share includes GSE risk share and other reinsurance transactions. Essent Reinsurance Ltd. ("Essent Re") provides insurance or reinsurance relating to the risk in force on loans in reference pools acquired by Freddie Mac and Fannie Mae. |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | **Exhibit G** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** | **Portfolio Vintage Data** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| | | | | | **Insurance in Force** | **Insurance in Force** | **Insurance in Force** | **Insurance in Force** | **Insurance in Force** | **Insurance in Force** | | | |
| **Year** | **Original<br>Insurance<br>Written<br>($ in thousands)** | **Remaining<br>Insurance<br>in Force<br>($ in thousands)** | **% Remaining of Original<br>Insurance** | **Number of Policies in Force** | **Weighted Average Coupon** | **% Purchase** | **>90% LTV** | **>95% LTV** | **FICO < 700** | **FICO >= 760** | **Incurred Loss Ratio (Inception to Date) (1)** | **Number of Loans in Default** | **Percentage of Loans in Default** |
| 2010 - 2014 | $60668851 | $2121713 | 3.5% | 13410 | 4.33% | 77.6% | 69.1% | 5.9% | 15.1% | 43.1% | 2.6% | 523 | 3.90% |
| 2015 | 26193656 | 1917056 | 7.3 | 11486 | 4.18 | 85.5 | 76.1 | 4.3 | 17.6 | 39.3 | 2.7 | 425 | 3.70 |
| 2016 | 34949319 | 4241287 | 12.1 | 24006 | 3.87 | 88.6 | 72.2 | 10.3 | 15.8 | 43.1 | 2.8 | 758 | 3.16 |
| 2017 | 43858322 | 5953785 | 13.6 | 34592 | 4.26 | 91.1 | 68.9 | 19.9 | 20.1 | 38.2 | 4.0 | 1432 | 4.14 |
| 2018 | 47508525 | 6714277 | 14.1 | 36913 | 4.78 | 94.4 | 69.0 | 24.9 | 21.5 | 32.9 | 5.3 | 1748 | 4.74 |
| 2019 | 63569183 | 14742465 | 23.2 | 68798 | 4.22 | 87.3 | 66.7 | 23.8 | 18.7 | 35.7 | 5.8 | 2158 | 3.14 |
| 2020 | 107944065 | 59228334 | 54.9 | 220705 | 3.18 | 65.8 | 54.0 | 12.1 | 10.8 | 45.5 | 4.4 | 2856 | 1.29 |
| 2021 | 84218250 | 71533600 | 84.9 | 228943 | 3.07 | 84.4 | 60.6 | 14.6 | 13.9 | 40.4 | 7.9 | 2750 | 1.20 |
| 2022 | 63061262 | 60609538 | 96.1 | 169743 | 5.07 | 97.7 | 64.8 | 10.9 | 12.6 | 40.0 | 14.4 | 783 | 0.46 |
| Total | $531971433 | $227062055 | 42.7 | 808596 | 3.83 | 83.8 | 61.3 | 13.8 | 13.5 | 41.1 | 4.3 | 13433 | 1.66 |
| **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. | **(1)** Incurred loss ratio is calculated by dividing the sum of case reserves and cumulative amount paid for claims by cumulative net premiums earned. |  |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | | | | | | | **Exhibit H** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** | **Reinsurance Vintage Data** |
| **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| <u>($ in thousands)</u> | <u>($ in thousands)</u> |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| **<u>Excess of Loss Reinsurance</u>** | **<u>Excess of Loss Reinsurance</u>** | **<u>Excess of Loss Reinsurance</u>** | **Original<br>Reinsurance in Force** | **Original<br>Reinsurance in Force** | **Original<br>Reinsurance in Force** | **Remaining<br>Reinsurance in Force** | **Remaining<br>Reinsurance in Force** | **Remaining<br>Reinsurance in Force** |  |  |  |  | **Earned Premiums Ceded** | **Earned Premiums Ceded** |  |
| **Year** | **Remaining<br>Insurance<br>in Force** | **Remaining<br>Risk<br>in Force** | **ILN (1)** | **Other Reinsurance (2)** | **Total** | **ILN** | **Other Reinsurance** | **Total** | **Losses<br>Ceded<br>to Date** | **Original<br>First Layer<br>Retention** | **Remaining<br>First Layer<br>Retention** |  | **Quarter-to-Date** | **Year-to-Date** | **Reduction in PMIERs Minimum Required <br>Assets (9)** |
| 2015 & 2016 | $5931479 | $1610997 | $333844 | $— | $333844 | $41764 | $— | $41764 | $— | $208111 | $206843 |  | $389 | $2852 | $— |
| 2017 | 5810456 | 1527469 | 424412 | 165167 | 589579 | 225562 | 85627 | 311189 |  | 224689 | 216143 |  | 2429 | 11060 |  |
| 2018 | 6620816 | 1708129 | 473184 | 118650 | 591834 | 325537 | 76144 | 401681 |  | 253643 | 248675 |  | 3873 | 14425 |  |
| 2019 **(3)** | 8185651 | 2108121 | 495889 | 55102 | 550991 | 418006 | 46448 | 464454 |  | 215605 | 214708 |  | 3233 | 12751 |  |
| 2019 & 2020 **(4)** |  |  | 399159 |  | 399159 |  |  |  |  | 465690 |  |  |  | 5222 |  |
| 2020 & 2021 **(5)** | 40676403 | 10206068 | 557911 |  | 557911 | 451093 |  | 451093 |  | 278956 | 278919 |  | 3498 | 14528 | 376024 |
| 2021 **(6)** | 41455845 | 11027751 | 439407 |  | 439407 | 410778 |  | 410778 |  | 279415 | 279400 |  | 4250 | 17080 | 368047 |
| 2021 & 2022 **(10)** | 75406975 | 20284551 |  | 141992 | 141992 |  | 141992 | 141992 |  | 507114 | 507114 |  | 1610 | 3295 | 138300 |
| 2021 & 2022 **(11)** | 33815842 | 9079729 | 237868 |  | 237868 | 237868 |  | 237868 |  | 303761 | 303761 |  | 4563 | 5131 | 218839 |
| Total | $217903467 | $57552815 | $3361674 | $480911 | $3842585 | $2110608 | $350211 | $2460819 | $— | $2736984 | $2028750 | **(12)** | $23845 | $86344 | $1101210 |

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|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **<u>Quota Share Reinsurance</u>** | **<u>Quota Share Reinsurance</u>** | **<u>Quota Share Reinsurance</u>** | **<u>Quota Share Reinsurance</u>** | | | | | | | | | | | | |
| | | | | | | | | **Losses Ceded** | **Losses Ceded** | **Ceding Commission** | **Ceding Commission** | **Earned Premiums Ceded** | **Earned Premiums Ceded** | | |
| **Year** | | **Remaining<br>Insurance<br>in Force** | **Remaining<br>Risk<br>in Force** | **Remaining Ceded Insurance in Force** | **Remaining Ceded Insurance in Force** | **Remaining Ceded Risk in Force** | **Remaining Ceded Risk in Force** | **Quarter-to-Date** | **Year-to-Date** | **Quarter-to-Date** | **Year-to-Date** | **Quarter-to-Date** | **Year-to-Date** | **Reduction in PMIERs Minimum Required <br>Assets (9)** | **Reduction in PMIERs Minimum Required <br>Assets (9)** |
| 2019 & 2020 | **(7)** | 65434808 | 16603792 | $| 14520550 | $| 3645733 | (703) | (14360) | 3099 | 13580 | 5031 | 10763 | $| 220812 |
| 2022 | **(8)** | 60546185 | 16331557 | 12109237 | 12109237 | 3266311 | 3266311 | 2089 | 3087 | 1749 | 3936 | 5413 | 10566 | 228185 | 228185 |
| Total |  | 125980993 | 32935349 | $| 26629787 | $| 6912044 | 1386 | (11273) | 4848 | 17516 | 10444 | 21329 | $| 448997 |
| **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). | **(1)** Reinsurance provided by unaffiliated special purpose insurers through the issuance of mortgage insurance-linked notes ("ILNs"). |
| **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. | **(2)** Reinsurance provided by panels of reinsurers. |
| **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. | **(3)** Reinsurance coverage on new insurance written from January 1, 2019 through August 31, 2019. |
| **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. | **(4)** Reinsurance coverage on new insurance written from September 1, 2019 through July 31, 2020. This ILN was called during the third quarter of 2022. |
| **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. | **(5)** Reinsurance coverage on new insurance written from August 1, 2020 through March 31, 2021. |
| **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. | **(6)** Reinsurance coverage on new insurance written from April 1, 2021 through September 30, 2021. |
| **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. | **(7)** Reinsurance coverage on 40% of eligible single premium policies and 20% of all other eligible policies written from September 1, 2019 through December 31, 2020. |
| **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. | **(8)** Reinsurance coverage on 20% of all eligible policies written from January 1, 2022 through December 31, 2022. |
| **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. | **(9)** Represents the reduction in Essent Guaranty, Inc.'s Minimum Required Assets based on our interpretation of the PMIERs. |
| **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. | **(10)** Reinsurance coverage on 20% of all eligible policies written from October 1, 2021 through December 31, 2022. |
| **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. | **(11)** Reinsurance coverage on new insurance written from October 1, 2021 through July 31, 2022. |
| **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  | **(12)** The total remaining first layer retention differs from the sum of the individual reinsurance transactions as a result of overlapping coverage between certain transactions.  |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | | | **Exhibit I** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Portfolio Geographic Data** | **Portfolio Geographic Data** | **Portfolio Geographic Data** | **Portfolio Geographic Data** |
| **IIF by State** | **IIF by State** | **IIF by State** | **IIF by State** |
| | **December 31, 2022** | **September 30, 2022** | **December 31, 2021** |
| CA | 13.2% | 13.2% | 13.1% |
| TX | 10.4 | 10.3 | 9.9 |
| FL | 10.2 | 10.1 | 9.7 |
| CO | 4.2 | 4.1 | 4.1 |
| AZ | 3.5 | 3.5 | 3.3 |
| WA | 3.4 | 3.4 | 3.7 |
| GA | 3.2 | 3.1 | 3.1 |
| IL | 3.1 | 3.1 | 3.3 |
| VA | 3.0 | 3.1 | 3.1 |
| NJ | 3.0 | 3.0 | 3.1 |
| All Others | 42.8 | 43.1 | 43.6 |
| Total | 100.0% | 100.0% | 100.0% |
| **Gross RIF by State** | **Gross RIF by State** | **Gross RIF by State** | **Gross RIF by State** |
|  | **December 31, 2022** | **September 30, 2022** | **December 31, 2021** |
| CA | 13.0% | 13.0% | 13.0% |
| TX | 10.7 | 10.6 | 10.2 |
| FL | 10.5 | 10.5 | 10.0 |
| CO | 4.1 | 4.1 | 4.0 |
| AZ | 3.6 | 3.5 | 3.3 |
| WA | 3.3 | 3.3 | 3.6 |
| GA | 3.2 | 3.2 | 3.1 |
| IL | 3.0 | 3.1 | 3.2 |
| VA | 3.0 | 3.0 | 3.0 |
| NJ | 2.9 | 2.9 | 3.0 |
| All Others | 42.7 | 42.8 | 43.6 |
| Total | 100.0% | 100.0% | 100.0% |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | | | **Exhibit J** | **Exhibit J** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** | **Rollforward of Defaults and Reserve for Losses and LAE** |
| **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** |
| **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** | **Rollforward of Insured Loans in Default** |
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2021** | **2021** |
|  | **December 31** | **December 31** | **September 30** | **September 30** | **June 30** | **June 30** | **March 31** | **March 31** | **December 31** | **December 31** |
| Beginning default inventory | 12435 | 12435 | 12707 | 12707 | 14923 | 14923 | 16963 | 16963 | 19721 | 19721 |
| Plus: new defaults **(A)** | 7505 | 7505 | 6448 | 6448 | 5495 | 5495 | 6188 | 6188 | 5809 | 5809 |
| Less: cures | (6425) | (6425) | (6642) | (6642) | (7639) | (7639) | (8167) | (8167) | (8514) | (8514) |
| Less: claims paid | (73) | (73) | (68) | (68) | (65) | (65) | (55) | (55) | (47) | (47) |
| Less: rescissions and denials, net | (9) | (9) | (10) | (10) | (7) | (7) | (6) | (6) | (6) | (6) |
| Ending default inventory | 13433 | 13433 | 12435 | 12435 | 12707 | 12707 | 14923 | 14923 | 16963 | 16963 |
| **(A)** New defaults remaining as of December 31, 2022 | 5744 | 5744 | 2541 | 2541 | 1489 | 1489 | 981 | 981 | 514 | 514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cure rate **(1)** | 23 | 23% | 61 | 61% | 73 | 73% | 84 | 84% | 91 | 91% |
| Total amount paid for claims (in thousands) | $| 1441 | $| 1261 | $| 1137 | $| 826 | $| 992 |
| Average amount paid per claim (in thousands) | $| 20 | $| 19 | $| 17 | $| 15 | $| 21 |
| Severity | 46 | 46% | 47 | 47% | 50 | 50% | 35 | 35% | 45 | 45% |
| **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** | **Rollforward of Reserve for Losses and LAE** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2022** | **2021** | **2021** |
| <u>($ in thousands)</u> | **December 31** | **December 31** | **September 30** | **September 30** | **June 30** | **June 30** | **March 31** | **March 31** | **December 31** | **December 31** |
| Reserve for losses and LAE at beginning of period | $| 212392 | $| 209829 | $| 292818 | $| 406096 | $| 411567 |
| Less: Reinsurance recoverables | 13244 | 13244 | 13657 | 13657 | 19335 | 19335 | 25940 | 25940 | 26970 | 26970 |
| Net reserve for losses and LAE at beginning of period | 199148 | 199148 | 196172 | 196172 | 273483 | 273483 | 380156 | 380156 | 384597 | 384597 |
| Add provision for losses and LAE occurring in: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current period | 36141 | 36141 | 20144 | 20144 | 18720 | 18720 | 24346 | 24346 | 13231 | 13231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior years | (32012) | (32012) | (15850) | (15850) | (94809) | (94809) | (130114) | (130114) | (16624) | (16624) |
| Incurred losses and LAE during the period | 4129 | 4129 | 4294 | 4294 | (76089) | (76089) | (105768) | (105768) | (3393) | (3393) |
| Deduct payments for losses and LAE occurring in: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current period | 113 | 113 | 30 | 30 | 80 | 80 | 1 | 1 | 157 | 157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prior years | 1392 | 1392 | 1288 | 1288 | 1142 | 1142 | 904 | 904 | 891 | 891 |
| Loss and LAE payments during the period | 1505 | 1505 | 1318 | 1318 | 1222 | 1222 | 905 | 905 | 1048 | 1048 |
| Net reserve for losses and LAE at end of period | 201772 | 201772 | 199148 | 199148 | 196172 | 196172 | 273483 | 273483 | 380156 | 380156 |
| Plus: Reinsurance recoverables | 14618 | 14618 | 13244 | 13244 | 13657 | 13657 | 19335 | 19335 | 25940 | 25940 |
| Reserve for losses and LAE at end of period | $| 216390 | $| 212392 | $| 209829 | $| 292818 | $| 406096 |
| **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. | **(1)** The cure rate is calculated by dividing new defaults remaining as of the reporting date by the original number of new defaults reported in the quarterly period and subtracting that percentage from 100%. |

---

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---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | | | | **Exhibit K** | **Exhibit K** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Detail of Reserves by Default Delinquency** | **Detail of Reserves by Default Delinquency** | **Detail of Reserves by Default Delinquency** | **Detail of Reserves by Default Delinquency** | **Detail of Reserves by Default Delinquency** | **Detail of Reserves by Default Delinquency** | **Detail of Reserves by Default Delinquency** |
| **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** | **U.S. Mortgage Insurance Portfolio** |
| | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** | **December 31, 2022** |
| | **Number of <br>Policies in <br>Default** | **Percentage of <br>Policies in <br>Default** | **Amount of Reserves** | **Percentage of Reserves** | **Defaulted RIF** | **Reserves as a Percentage of <br>Defaulted RIF** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |
| Missed Payments: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Three payments or less | 6154 | 46% | $32242 | 16% | $411624 | 8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Four to eleven payments | 4684 | 35 | 65071 | 33 | 317417 | 21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Twelve or more payments | 2474 | 18 | 98291 | 49 | 147247 | 67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pending claims | 121 | 1 | 3815 | 2 | 4860 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total case reserves | 13433 | 100% | 199419 | 100% | $881148 | 23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IBNR |  |  | 14956 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LAE |  |  | 2015 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total reserves for losses and LAE |  |  | $216390 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average reserve per default: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Case |  |  | $14.8 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total |  |  | $16.1 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Default Rate | 1.66% |  |  |  |  |  |
|  | **December 31, 2021** | **December 31, 2021** | **December 31, 2021** | **December 31, 2021** | **December 31, 2021** | **December 31, 2021** |
|  | **Number of <br>Policies in <br>Default** | **Percentage of <br>Policies in <br>Default** | **Amount of Reserves** | **Percentage of Reserves** | **Defaulted RIF** | **Reserves as a Percentage of <br>Defaulted RIF** |
| <u>($ in thousands)</u> |  |  |  |  |  |  |
| Missed Payments: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Three payments or less | 4113 | 24% | $20712 | 5% | $243511 | 9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Four to eleven payments | 5459 | 32 | 77822 | 21 | 349494 | 22 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Twelve or more payments | 7331 | 43 | 274465 | 73 | 470859 | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pending claims | 60 | 1 | 2397 | 1 | 2852 | 84 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total case reserves | 16963 | 100% | 375396 | 100% | $1066716 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IBNR |  |  | 28155 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LAE |  |  | 2545 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total reserves for losses and LAE |  |  | $406096 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Average reserve per default: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Case |  |  | $22.1 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total |  |  | $23.9 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Default Rate | 2.16% |  |  |  |  |  |

---

------

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| | | | | |
|:---|:---|:---|:---|:---|
| | | | | **Exhibit L** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Investments Available for Sale** | **Investments Available for Sale** | **Investments Available for Sale** | **Investments Available for Sale** | **Investments Available for Sale** |
| **Investments Available for Sale by Asset Class** | **Investments Available for Sale by Asset Class** | **Investments Available for Sale by Asset Class** | **Investments Available for Sale by Asset Class** | **Investments Available for Sale by Asset Class** |
| Asset Class | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> | **Fair Value** | **Percent** | **Fair Value** | **Percent** |
| U.S. Treasury securities | $556438 | 11.7% | $448793 | 9.1% |
| U.S. agency securities | 49058 | 1.0 | 5504 | 0.1 |
| U.S. agency mortgage-backed securities | 783743 | 16.5 | 1008863 | 20.3 |
| Municipal debt securities | 602690 | 12.8 | 627599 | 12.7 |
| Non-U.S. government securities | 62399 | 1.3 | 79743 | 1.6 |
| Corporate debt securities | 1414321 | 29.8 | 1455247 | 29.3 |
| Residential and commercial mortgage securities | 511824 | 10.8 | 545423 | 11.0 |
| Asset-backed securities | 624561 | 13.2 | 581703 | 11.7 |
| Money market funds | 136591 | 2.9 | 210012 | 4.2 |
| Total investments available for sale | $4741625 | 100.0% | $4962887 | 100.0% |
| **Investments Available for Sale by Credit Rating** | **Investments Available for Sale by Credit Rating** | **Investments Available for Sale by Credit Rating** | **Investments Available for Sale by Credit Rating** | **Investments Available for Sale by Credit Rating** |
| Rating **(1)** | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> | **Fair Value** | **Percent** | **Fair Value** | **Percent** |
| Aaa | $2226951 | 46.9% | $2412273 | 48.6% |
| Aa1 | 111342 | 2.3 | 96331 | 1.9 |
| Aa2 | 327742 | 6.9 | 354951 | 7.2 |
| Aa3 | 234994 | 5.0 | 221914 | 4.5 |
| A1 | 421752 | 8.9 | 263820 | 5.3 |
| A2 | 411670 | 8.7 | 427282 | 8.6 |
| A3 | 268928 | 5.7 | 274525 | 5.5 |
| Baa1 | 236793 | 5.0 | 305204 | 6.1 |
| Baa2 | 221308 | 4.7 | 274011 | 5.5 |
| Baa3 | 187117 | 3.9 | 240755 | 4.9 |
| Below Baa3 | 93028 | 2.0 | 91821 | 1.9 |
| Total investments available for sale | $4741625 | 100.0% | $4962887 | 100.0% |
| **(1)** Based on ratings issued by Moody's, if available. S&P or Fitch rating utilized if Moody's not available. | **(1)** Based on ratings issued by Moody's, if available. S&P or Fitch rating utilized if Moody's not available. | **(1)** Based on ratings issued by Moody's, if available. S&P or Fitch rating utilized if Moody's not available. | **(1)** Based on ratings issued by Moody's, if available. S&P or Fitch rating utilized if Moody's not available. |  |
| **Investments Available for Sale by Duration and Book Yield** | **Investments Available for Sale by Duration and Book Yield** | **Investments Available for Sale by Duration and Book Yield** | **Investments Available for Sale by Duration and Book Yield** | **Investments Available for Sale by Duration and Book Yield** |
| Effective Duration | **December 31, 2022** | **December 31, 2022** | **December 31, 2021** | **December 31, 2021** |
| <u>($ in thousands)</u> | **Fair Value** | **Percent** | **Fair Value** | **Percent** |
| < 1 Year | $1245839 | 26.3% | $1104397 | 22.2% |
| 1 to < 2 Years | 534038 | 11.3 | 561297 | 11.3 |
| 2 to < 3 Years | 511701 | 10.8 | 539174 | 10.9 |
| 3 to < 4 Years | 525683 | 11.1 | 593663 | 12.0 |
| 4 to < 5 Years | 400540 | 8.4 | 663127 | 13.4 |
| 5 or more Years | 1523824 | 32.1 | 1501229 | 30.2 |
| Total investments available for sale | $4741625 | 100.0% | $4962887 | 100.0% |
| Pre-tax investment income yield: |  |  |  |  |
| Three months ended December 31, 2022 | 3.03% |  |  |  |
| Year ended December 31, 2022 | 2.59% |  |  |  |

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| | |
|:---|:---|
| Holding company net cash and investments available for sale: |  |
| <u>($ in thousands)</u> |  |
| As of December 31, 2022 | $685178 |
| As of December 31, 2021 | $618306 |

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | | **Exhibit M** |
| **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** | **Essent Group Ltd. and Subsidiaries** |
| **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** | **Supplemental Information** |
| **Insurance Company Capital** | **Insurance Company Capital** | **Insurance Company Capital** | **Insurance Company Capital** | **Insurance Company Capital** | **Insurance Company Capital** |
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
|  | **December 31** | **September 30** | **June 30** | **March 31** | **December 31** |
| <u>($ in thousands)</u> |  |  |  |  |  |
| **U.S. Mortgage Insurance Subsidiaries:** |  |  |  |  |  |
| Combined statutory capital **(1)** | $3175889 | $3128681 | $3062438 | $3058880 | $2950107 |
| Combined net risk in force **(2)** | $32265701 | $31736095 | $31221406 | $30331197 | $30660272 |
| Risk-to-capital ratios: **(3)** |  |  |  |  |  |
| Essent Guaranty, Inc. | 10.5:1 | 10.5:1 | 10.6:1 | 10.3:1 | 10.8:1 |
| Essent Guaranty of PA, Inc. | 0.6:1 | 0.6:1 | 0.6:1 | 0.7:1 | 0.8:1 |
| Combined **(4)** | 10.2:1 | 10.1:1 | 10.2:1 | 9.9:1 | 10.4:1 |
| **Essent Guaranty, Inc. PMIERs Data (5):** |  |  |  |  |  |
| Available Assets | $3191047 | $3147545 | $3120098 | $3194939 | $3170881 |
| Minimum Required Assets | 1832363 | 1759182 | 1869524 | 1840069 | 1791551 |
| PMIERs excess Available Assets | $1358684 | $1388363 | $1250574 | $1354870 | $1379330 |
| PMIERs sufficiency ratio **(6)** | 174% | 179% | 167% | 174% | 177% |
| **Essent Reinsurance Ltd.:** | **Essent Reinsurance Ltd.:** |  |  |  |  |
| Stockholder's equity (GAAP basis) | $1478772 | $1397287 | $1380067 | $1330840 | $1301937 |
| Net risk in force **(2)** | $19454046 | $18694500 | $17758801 | $16527587 | $15997129 |
| **(1)** Combined statutory capital equals the sum of statutory capital of Essent Guaranty, Inc. plus Essent Guaranty of PA, Inc., after eliminating the impact of intercompany transactions. Statutory capital is computed based on accounting practices prescribed or permitted by the Pennsylvania Insurance Department and the National Association of Insurance Commissioners Accounting Practices and Procedures Manual. | **(1)** Combined statutory capital equals the sum of statutory capital of Essent Guaranty, Inc. plus Essent Guaranty of PA, Inc., after eliminating the impact of intercompany transactions. Statutory capital is computed based on accounting practices prescribed or permitted by the Pennsylvania Insurance Department and the National Association of Insurance Commissioners Accounting Practices and Procedures Manual. | **(1)** Combined statutory capital equals the sum of statutory capital of Essent Guaranty, Inc. plus Essent Guaranty of PA, Inc., after eliminating the impact of intercompany transactions. Statutory capital is computed based on accounting practices prescribed or permitted by the Pennsylvania Insurance Department and the National Association of Insurance Commissioners Accounting Practices and Procedures Manual. | **(1)** Combined statutory capital equals the sum of statutory capital of Essent Guaranty, Inc. plus Essent Guaranty of PA, Inc., after eliminating the impact of intercompany transactions. Statutory capital is computed based on accounting practices prescribed or permitted by the Pennsylvania Insurance Department and the National Association of Insurance Commissioners Accounting Practices and Procedures Manual. | **(1)** Combined statutory capital equals the sum of statutory capital of Essent Guaranty, Inc. plus Essent Guaranty of PA, Inc., after eliminating the impact of intercompany transactions. Statutory capital is computed based on accounting practices prescribed or permitted by the Pennsylvania Insurance Department and the National Association of Insurance Commissioners Accounting Practices and Procedures Manual. | **(1)** Combined statutory capital equals the sum of statutory capital of Essent Guaranty, Inc. plus Essent Guaranty of PA, Inc., after eliminating the impact of intercompany transactions. Statutory capital is computed based on accounting practices prescribed or permitted by the Pennsylvania Insurance Department and the National Association of Insurance Commissioners Accounting Practices and Procedures Manual. |
| **(2)** Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established. | **(2)** Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established. | **(2)** Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established. | **(2)** Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established. | **(2)** Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established. | **(2)** Net risk in force represents total risk in force, net of reinsurance ceded and net of exposures on policies for which loss reserves have been established. |
| **(3)** The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital. | **(3)** The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital. | **(3)** The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital. | **(3)** The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital. | **(3)** The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital. | **(3)** The risk-to-capital ratio is calculated as the ratio of net risk in force to statutory capital. |
| **(4)** The combined risk-to-capital ratio equals the sum of the net risk in force of Essent Guaranty, Inc. and Essent Guaranty of PA, Inc. divided by the combined statutory capital. | **(4)** The combined risk-to-capital ratio equals the sum of the net risk in force of Essent Guaranty, Inc. and Essent Guaranty of PA, Inc. divided by the combined statutory capital. | **(4)** The combined risk-to-capital ratio equals the sum of the net risk in force of Essent Guaranty, Inc. and Essent Guaranty of PA, Inc. divided by the combined statutory capital. | **(4)** The combined risk-to-capital ratio equals the sum of the net risk in force of Essent Guaranty, Inc. and Essent Guaranty of PA, Inc. divided by the combined statutory capital. | **(4)** The combined risk-to-capital ratio equals the sum of the net risk in force of Essent Guaranty, Inc. and Essent Guaranty of PA, Inc. divided by the combined statutory capital. | **(4)** The combined risk-to-capital ratio equals the sum of the net risk in force of Essent Guaranty, Inc. and Essent Guaranty of PA, Inc. divided by the combined statutory capital. |
| **(5)** Data is based on our interpretation of the PMIERs as of the dates indicated. | **(5)** Data is based on our interpretation of the PMIERs as of the dates indicated. | **(5)** Data is based on our interpretation of the PMIERs as of the dates indicated. | **(5)** Data is based on our interpretation of the PMIERs as of the dates indicated. | **(5)** Data is based on our interpretation of the PMIERs as of the dates indicated. | **(5)** Data is based on our interpretation of the PMIERs as of the dates indicated. |
| **(6)** PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets.  | **(6)** PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets.  | **(6)** PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets.  | **(6)** PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets.  | **(6)** PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets.  | **(6)** PMIERs sufficiency ratio is calculated by dividing Available Assets by Minimum Required Assets.  |

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