XML 43 R34.htm IDEA: XBRL DOCUMENT v3.23.3
Acquisitions (Tables)
9 Months Ended
Sep. 30, 2023
Business Combination and Asset Acquisition [Abstract]  
Schedule of Business Acquisition, Pro Forma Information The following unaudited pro forma summary presents consolidated information for Essent as if the business combination had occurred on January 1, 2022.
Pro Forma
 
Three Months Ended September 30,
Nine Months Ended September 30,
(In thousands)2023202220232022
Revenues
$296,108 $286,512 $856,595 $880,321 
Earnings
178,139 172,799 514,823 675,684 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
The following table summarizes the consideration transferred to acquire Agents National Title and Boston National Title and the amounts of identified assets acquired and liabilities assumed at the acquisition date:

Consideration Paid:
     Cash
$92,625 
Assets Acquired:
     Cash and cash equivalents
5,864 
     Short-term investments
21,108 
     Fixed maturities available for sale
9,668 
     Identifiable intangible assets
26,300 
     Other assets
16,366 
Liabilities Assumed:
     Reserve for losses
14,613 
     Other liabilities
10,399 
Total Identifiable Net Assets $54,294 
Goodwill
$38,331