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Statutory Accounting (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Statutory Net Income, Statutory Surplus and Contingency Reserve Liability

The following table presents Essent Guaranty’s and Essent PA’s statutory net income, statutory surplus and contingency reserve liability as of and for the three months ended March 31:


(In thousands)	2023		2022
Essent Guaranty
Statutory net income	$	123,936	$	200,277
Statutory surplus	992,134		1,081,986
Contingency reserve liability	2,105,708		1,862,482

Essent PA
Statutory net (loss) income	$	(112)	$	859
Statutory surplus	53,138		56,910
Contingency reserve liability	56,101		57,461

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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