ESNT Essent Group (ESNT) Q2 FY26 earnings call
Essent Group demonstrated robust financial performance driven by strong cash generation from its core MI business, enabling flexible capital allocation between strategic growth investments and significant shareholder returns. Despite a pause in MI portfolio growth due to affordability constraints and modest headwinds in the Title segment, the company maintains a strong balance sheet and is actively leveraging technology, including AI, to enhance operational efficiency and long-term value.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
ESNT operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Insurance in force | $248BAs of March 31, our mortgage insurance in force was $248 billion, a 1% increase versus a year ago.Source: earnings call transcript | $250BIn our MI business, as of June 30, our insurance in force was $250 billion, a 1% increase versus a year ago.Source: earnings call transcript | +0.8% |
| 12-month persistency | 84.7%12-month persistency was 84.7%, reflecting the ongoing impact of the rate environment.Source: earnings call transcript | 84%12-month persistency was 84%, reflecting the current rate environment and that nearly half of our in-force portfolio has a mortgage rate of 5.5% or lower.Source: earnings call transcript | -0.7 pt |
| Weighted average FICO | 747Credit quality of our insurance in force remains strong, with a weighted average FICO of 747 and a weighted average original LTV of 93%.Source: earnings call transcript | 747The credit quality of our insurance in force remains strong with a weighted average credit score of 747 and a weighted average of original LTV of 93%.Source: earnings call transcript | 0% |
| Weighted average original LTV | 93%Credit quality of our insurance in force remains strong, with a weighted average FICO of 747 and a weighted average original LTV of 93%.Source: earnings call transcript | 93%The credit quality of our insurance in force remains strong with a weighted average credit score of 747 and a weighted average of original LTV of 93%.Source: earnings call transcript | 0 pt |
| Insurance in force Mortgage Insurance | $247.9BOur mortgage insurance portfolio ended the first quarter with insurance in force of $247.9 billion, essentially flat compared to December 31 and an increase of $3.2 billion, or 1.3% compared to $244.7 billion at March 31, 2025.Source: earnings call transcript | $249.7BOur mortgage insurance portfolio ended the second quarter with insurance in force of $249.7 billion, an increase of $1.8 billion from March 31, an increase of $2.9 billion or 1.2% compared to $246.8 billion at June 30, 2025.Source: earnings call transcript | +0.7% |
| Default rate Mortgage Insurance | 2.54%At March 31, the default rate on the mortgage insurance portfolio was 2.54%, essentially unchanged from December 31, 2025.Source: earnings call transcript | 2.53%At June 30, the default rate on the mortgage insurance portfolio was 2.53%, essentially unchanged from March 31, 2026.Source: earnings call transcript | 0 pt |
| Risk-to-capital ratio Essent Guaranty | 8.6At quarter end, Essent Guaranty's statutory capital was $3.7 billion with a risk-to-capital ratio of 8.6 to 1.Source: earnings call transcript | 8.5At quarter end, Essent Guaranty's statutory capital was $3.7 billion with a risk-to-capital ratio of 8.5:1.Source: earnings call transcript | -1.2% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.