HAMILTON, Bermuda--(BUSINESS WIRE)-- Essent Group Ltd. (NYSE: ESNT) today reported net income for the quarter ended June 30, 2015 of $37.2 million or $0.41 per diluted share, compared to $19.6 million or $0.23 per diluted share for the quarter ended June 30, 2014. As of June 30, 2015, Essent had primary insurance in force of $57.4 billion and consolidated stockholders’ equity of $1.03 billion.

“During the second quarter, we continued building a high credit quality and profitable mortgage insurance portfolio while also producing strong and growing earnings for our shareholders,” said Mark Casale, Chairman and Chief Executive Officer. “Our outlook for the private mortgage insurance sector remains positive. Essent continues to be well positioned and we are optimistic about the future of our franchise.”

Financial Highlights:

• Insurance in force as of June 30, 2015 was $57.4 billion, compared to $53.3 billion as of March 31, 2015 and $39.4 billion as of June 30, 2014.
• New insurance written for the second quarter was $7.3 billion, compared to $5.3 billion in the first quarter of 2015 and $5.9 billion in the second quarter of 2014.
• Net premiums earned for the second quarter were $78.4 million, compared to $75.0 million in the first quarter of 2015 and $50.3 million in the second quarter of 2014.
• The expense ratio for the second quarter was 34.6%, compared to 36.6% in the first quarter of 2015 and 47.0% in the second quarter of 2014.
• The provision for losses and LAE for the second quarter was $2.3 million, compared to $2.0 million in the first quarter of 2015 and $1.0 million in the second quarter of 2014.
• The percentage of loans in default as of June 30, 2015 was 0.23%, compared to 0.21% as of March 31, 2015 and 0.13% as of June 30, 2014.
• The combined ratio for the second quarter was 37.6%, compared to 39.3% in the first quarter of 2015 and 48.9% in the second quarter of 2014.
• The consolidated balance of cash and investments at June 30, 2015 was $1.2 billion, including cash and investment balances at Essent Group Ltd. of $107.6 million.
• The combined risk to capital ratio of the US mortgage insurance business, which includes statutory capital for both Essent Guaranty, Inc. and Essent Guaranty of PA, Inc., was 15.3:1 as of June 30, 2015.
• Essent Reinsurance Ltd. participated in Freddie Mac’s Agency Credit Insurance Structure (“ACIS”) 2015-4 transaction and insured a total of $5.5 million of risk that Freddie Mac had retained as part of its STACR 2015-DN1 transaction.

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 http://ir.essentgroup.com/investors/webcasts-and-presentations/event-calendar/default.aspx. The call may also be accessed by dialing 877-201-0168 inside the U.S., or 647-788-4901 for international callers, using passcode 76279649 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: 855-859-2056 inside the U.S., or 404-537-3406 for international callers, passcode 76279649.

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 http://ir.essentgroup.com/investors/financial-information/quarterly-financial-supplements/default.aspx.

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," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" 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: 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; 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; deteriorating economic conditions; 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, 2014 filed with the Securities and Exchange Commission on February 27, 2015. 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.

Non-GAAP Financial Measures

In presenting Essent Group Ltd.’s results, management has included financial measures, including adjusted book value per share, that are not calculated under standards or rules that comprise accounting principles generally accepted in the United States (“GAAP”). Such measures are referred to as “non-GAAP measures.” These non-GAAP measures may be defined or calculated differently by other companies. Management believes these measures allow for a more complete understanding of the underlying business. These measures are used to monitor our results and should not be viewed as a substitute for those determined in accordance with GAAP. Reconciliations of such measures to the most comparable GAAP figures are included in the attached financial supplement in accordance with Regulation G.

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 and reinsurance through its Bermuda-based subsidiary, Essent Reinsurance Ltd. Additional information regarding Essent may be found at www.essentgroup.com.

Essent Group Ltd. and Subsidiaries
Financial Results and Supplemental Information (Unaudited)
Quarter Ended June 30, 2015
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				Portfolio Geographic Data
Exhibit I				Defaults, Reserve for Losses and LAE, and Claims
Exhibit J				Investment Portfolio
Exhibit K				Insurance Company Capital
Exhibit L				Reconciliation of Non-GAAP Financial Measure - Adjusted Book Value per Share

														Exhibit A
Essent Group Ltd. and Subsidiaries
Condensed Consolidated Statements of Comprehensive Income (Unaudited)
		Three Months Ended June 30,								Six Months Ended June 30,
(In thousands, except per share amounts)		2015				2014				2015				2014
Revenues:
Net premiums written		$	92,399			$	63,505			$	174,656			$	115,697
Increase in unearned premiums		(14,038		)		(13,163		)		(21,257		)		(20,605		)
Net premiums earned		78,361				50,342				153,399				95,092
Net investment income		4,720				3,080				9,000				4,978
Realized investment gains, net		568				68				1,217				468
Other income		418				793				462				1,566
Total revenues		84,067				54,283				164,078				102,104
Losses and expenses:
Provision for losses and LAE		2,314				966				4,313				1,868
Other underwriting and operating expenses		27,148				23,648				54,646				47,107
Total losses and expenses		29,462				24,614				58,959				48,975
Income before income taxes		54,605				29,669				105,119				53,129
Income tax expense		17,412				10,114				33,088				18,568
Net income		$	37,193			$	19,555			$	72,031			$	34,561
Earnings per share:
Basic		$	0.41			$	0.23			$	0.80			$	0.42
Diluted		0.41				0.23				0.79				0.41
Weighted average shares outstanding:
Basic		90,344				83,276				90,265				83,071
Diluted		91,674				84,706				91,594				84,701
Net income		$	37,193			$	19,555			$	72,031			$	34,561
Other comprehensive income (loss):
Change in unrealized (depreciation) appreciation of investments		(8,769		)		4,915				(3,880		)		5,394
Total other comprehensive income (loss)		(8,769		)		4,915				(3,880		)		5,394
Comprehensive income		$	28,424			$	24,470			$	68,151			$	39,955
Loss ratio		3.0		%		1.9		%		2.8		%		2.0		%
Expense ratio		34.6		%		47.0		%		35.6		%		49.5		%
Combined ratio		37.6		%		48.9		%		38.4		%		51.5		%

						Exhibit B
Essent Group Ltd. and Subsidiaries
Condensed Consolidated Balance Sheets (Unaudited)
		June 30,				December 31,
(In thousands, except per share amounts)		2015				2014
Assets
Investments available for sale, at fair value
Fixed maturities		$	1,064,013			$	846,925
Short-term investments		95,366				210,688
Total investments		1,159,379				1,057,613
Cash		25,590				24,411
Accrued investment income		6,943				5,748
Accounts receivable		14,972				15,810
Deferred policy acquisition costs		10,546				9,597
Property and equipment (at cost, less accumulated depreciation of $40,841 in 2015 and $39,260 in 2014)		8,631				5,841
Prepaid federal income tax		95,173				59,673
Other assets		6,254				2,768
Total assets		$	1,327,488			$	1,181,461
Liabilities and Stockholders' Equity
Liabilities
Reserve for losses and LAE		$	11,931			$	8,427
Unearned premium reserve		178,205				156,948
Accrued payroll and bonuses		8,763				14,585
Net deferred tax liability		64,161				37,092
Securities purchased payable		26,897				227
Other accrued liabilities		9,758				8,444
Total liabilities		299,715				225,723
Commitments and contingencies
Stockholders' Equity
Common shares, $0.015 par value:
Authorized - 233,333; issued - 92,659 shares in 2015 and 92,546 shares in 2014		1,390				1,388
Additional paid-in capital		897,167				893,285
Accumulated other comprehensive income		787				4,667
Retained earnings		128,429				56,398
Total stockholders' equity		1,027,773				955,738
Total liabilities and stockholders' equity		$	1,327,488			$	1,181,461

																						Exhibit C
Essent Group Ltd. and Subsidiaries
Supplemental Information
Historical Quarterly Data
		2015								2014
Selected Income Statement Data		June 30				March 31				December 31				September 30				June 30				March 31
(In thousands, except per share amounts)
Revenues:
Net premiums written		$	92,399			$	82,257			$	83,219			$	77,862			$	63,505			$	52,192
Net premiums earned		78,361				75,038				67,814				60,323				50,342				44,750
Other revenues		5,706				4,973				4,928				4,298				3,941				3,071
Total revenues		84,067				80,011				72,742				64,621				54,283				47,821
Losses and expenses:
Provision for losses and LAE		2,314				1,999				3,049				1,391				966				902
Other underwriting and operating expenses		27,148				27,498				25,656				24,469				23,648				23,459
Total losses and expenses		29,462				29,497				28,705				25,860				24,614				24,361
Income before income taxes		54,605				50,514				44,037				38,761				29,669				23,460
Income tax expense		17,412				15,676				15,171				13,691				10,114				8,454
Net income		$	37,193			$	34,838			$	28,866			$	25,070			$	19,555			$	15,006
Earnings per share:
Basic		$	0.41			$	0.39			$	0.34			$	0.30			$	0.23			$	0.18
Diluted		0.41				0.38				0.33				0.29				0.23				0.18
Weighted average shares outstanding:
Basic		90,344				90,185				86,134				83,640				83,276				82,864
Diluted		91,674				91,514				87,950				85,028				84,706				84,696
Other Data:
Loss ratio (1)		3.0		%		2.7		%		4.5		%		2.3		%		1.9		%		2.0		%
Expense ratio (2)		34.6		%		36.6		%		37.8		%		40.6		%		47.0		%		52.4		%
Combined ratio		37.6		%		39.3		%		42.3		%		42.9		%		48.9		%		54.4		%
(1) Loss ratio is calculated by dividing the provision for loss and LAE by net premiums earned.
(2) Expense ratio is calculated by dividing other underwriting and operating expenses by net premiums earned.

																		Exhibit C, continued
Essent Group Ltd. and Subsidiaries
Supplemental Information
Historical Quarterly Data
		2015								2014
Other Data, continued:		June 30				March 31				December 31				September 30				June 30				March 31
($ in thousands)
Flow:
New insurance written		$	7,225,401			$	5,346,820			$	6,204,821			$	7,283,169			$	5,874,334			$	3,630,573
New risk written		1,800,027				1,302,710				1,523,527				1,802,408				1,477,547				907,257
Bulk:
New insurance written		$	61,258			$	—			$	300,008			$	1,506,529			$	—			$	—
New risk written		4,062				—				35,007				30,131				—				—
Consolidated:
Average premium rate (3)		0.57		%		0.58		%		0.56		%		0.55		%		0.54		%		0.54		%
New insurance written		$	7,286,659			$	5,346,820			$	6,504,829			$	8,789,698			$	5,874,334			$	3,630,573
New risk written		$	1,804,089			$	1,302,710			$	1,558,534			$	1,832,539			$	1,477,547			$	907,257
Insurance in force (end of period)		$	57,435,859			$	53,253,632			$	50,762,594			$	46,428,526			$	39,379,879			$	34,778,057
Risk in force (end of period)		$	13,992,701			$	12,891,462			$	12,227,270			$	11,152,497			$	9,700,549			$	8,493,862
Policies in force		261,996				242,477				229,721				209,841				175,773				154,451
Weighted-average coverage (4)		24.4		%		24.2		%		24.1		%		24.0		%		24.6		%		24.4		%
Annual persistency		80.3		%		82.8		%		86.4		%		88.5		%		89.1		%		87.9		%
Loans in default (count)		605				505				457				312				235				192
Percentage of loans in default		0.23		%		0.21		%		0.20		%		0.15		%		0.13		%		0.12		%
(3) Average premium rate is calculated by dividing net premiums earned by average insurance in force for the period.
(4) Weighted-average coverage is calculated by dividing end of period risk in force by insurance in force.

																											Exhibit D
Essent Group Ltd. and Subsidiaries
Supplemental Information
New Insurance Written: Flow
NIW by Credit Score
		Three Months Ended														Six Months Ended
		June 30, 2015							June 30, 2014							June 30, 2015							June 30, 2014
($ in thousands)
>=760		$	3,261,740			45.1	%		$	2,651,224			45.1	%		$	5,608,531			44.6	%		$	4,265,660			44.9	%
740-759		1,165,784				16.1			964,322				16.4			2,060,160				16.4			1,601,181				16.8
720-739		1,063,764				14.7			858,348				14.6			1,843,176				14.7			1,394,819				14.7
700-719		733,531				10.2			629,211				10.7			1,272,607				10.1			1,004,711				10.6
680-699		574,039				8.0			490,259				8.3			1,026,485				8.2			805,526				8.5
<=679		426,543				5.9			280,970				4.9			761,262				6.0			433,010				4.5
Total		$	7,225,401			100.0	%		$	5,874,334			100.0	%		$	12,572,221			100.0	%		$	9,504,907			100.0	%
Weighted-average credit score		748							749							748							749
NIW by LTV
		Three Months Ended														Six Months Ended
		June 30, 2015							June 30, 2014							June 30, 2015							June 30, 2014
($ in thousands)
85.00% and below		$	893,957			12.4	%		$	671,651			11.4	%		$	1,703,195			13.5	%		$	1,107,384			11.7	%
85.01% to 90.00%		2,514,695				34.8			1,976,596				33.6			4,333,466				34.5			3,217,124				33.8
90.01% to 95.00%		3,645,029				50.4			3,204,930				54.6			6,278,080				49.9			5,130,693				54.0
95.01% and above		171,720				2.4			21,157				0.4			257,480				2.1			49,706				0.5
Total		$	7,225,401			100.0	%		$	5,874,334			100.0	%		$	12,572,221			100.0	%		$	9,504,907			100.0	%
Weighted-average LTV		92		%					92		%					91		%					92		%
NIW by Product
		Three Months Ended														Six Months Ended
		June 30, 2015							June 30, 2014							June 30, 2015							June 30, 2014
Single Premium policies						23.8	%						18.6	%						23.8	%						18.5	%
Monthly Premium policies						76.2							81.4							76.2							81.5
						100.0	%						100.0	%						100.0	%						100.0	%
NIW by Purchase vs. Refinance
		Three Months Ended														Six Months Ended
		June 30, 2015							June 30, 2014							June 30, 2015							June 30, 2014
Purchase						78.4	%						86.6	%						74.5	%						86.0	%
Refinance						21.6							13.4							25.5							14.0
						100.0	%						100.0	%						100.0	%						100.0	%

																				Exhibit D, continued
Essent Group Ltd. and Subsidiaries
Supplemental Information
New Insurance Written: Bulk
NIW by Credit Score
			Three Months Ended													Six Months Ended
			June 30, 2015							June 30, 2014						June 30, 2015							June 30, 2014
($ in thousands)
>=760			$	48,709			79.5	%		$	—		0.0	%		$	48,709			79.5	%		$	—		0.0	%
740-759				6,266			10.2				—		—				6,266			10.2				—		—
720-739				4,950			8.1				—		—				4,950			8.1				—		—
700-719				1,333			2.2				—		—				1,333			2.2				—		—
680-699				—			—				—		—				—			—				—		—
<=679				—			—				—		—				—			—				—		—
Total			$	61,258			100.0	%		$	—		0.0	%		$	61,258			100.0	%		$	—		0.0	%
Weighted-average credit score				778							N/A						778							N/A
NIW by LTV
			Three Months Ended													Six Months Ended
			June 30, 2015							June 30, 2014						June 30, 2015							June 30, 2014
($ in thousands)
85.00% and below			$	61,258			100.0	%		$	—		0.0	%		$	61,258			100.0	%		$	—		0.0	%
85.01% to 90.00%				—			—				—		—				—			—				—		—
90.01% to 95.00%				—			—				—		—				—			—				—		—
95.01% and above				—			—				—		—				—			—				—		—
Total			$	61,258			100.0	%		$	—		0.0	%		$	61,258			100.0	%		$	—		0.0	%
Weighted-average LTV				79	%						N/A						79	%						N/A
NIW by Product
			Three Months Ended													Six Months Ended
			June 30, 2015							June 30, 2014						June 30, 2015							June 30, 2014
Single Premium policies							100.0	%					0.0	%						100.0	%					0.0	%
Monthly Premium policies							—						—							—						—
							100.0	%					0.0	%						100.0	%					0.0	%
NIW by Purchase vs. Refinance
			Three Months Ended													Six Months Ended
			June 30, 2015							June 30, 2014						June 30, 2015							June 30, 2014
Purchase							97.6	%					0.0	%						97.6	%					0.0	%
Refinance							2.4						—							2.4						—
							100.0	%					0.0	%						100.0	%					0.0	%

														Exhibit E
Essent Group Ltd. and Subsidiaries
Supplemental Information
Insurance in Force and Risk in Force: Consolidated
Portfolio by Credit Score
Total IIF by FICO score		June 30, 2015						March 31, 2015						June 30, 2014
($ in thousands)
>=760		$	27,079,306		47.2	%		$	25,345,630		47.6	%		$	20,157,165		51.2	%
740-759		9,814,404			17.1			9,204,965			17.3			6,963,735			17.7
720-739		8,274,037			14.4			7,613,387			14.3			5,502,718			14.0
700-719		5,596,235			9.7			5,143,705			9.6			3,481,564			8.8
680-699		4,238,060			7.4			3,842,342			7.2			2,368,613			6.0
<=679		2,433,817			4.2			2,103,603			4.0			906,084			2.3
Total		$	57,435,859		100.0	%		$	53,253,632		100.0	%		$	39,379,879		100.0	%
Weighted-average credit score		751						752						756
Total RIF by FICO score		June 30, 2015						March 31, 2015						June 30, 2014
($ in thousands)
>=760		$	6,557,638		46.9	%		$	6,112,309		47.4	%		$	4,913,013		50.6	%
740-759		2,410,327			17.2			2,244,474			17.4			1,722,247			17.8
720-739		2,041,686			14.6			1,865,939			14.5			1,376,538			14.2
700-719		1,347,680			9.6			1,224,580			9.5			855,985			8.8
680-699		1,045,595			7.5			939,792			7.3			601,426			6.2
<=679		589,775			4.2			504,368			3.9			231,340			2.4
Total		$	13,992,701		100.0	%		$	12,891,462		100.0	%		$	9,700,549		100.0	%
Portfolio by LTV
Total IIF by LTV		June 30, 2015						March 31, 2015						June 30, 2014
($ in thousands)
85.00% and below		$	6,801,098		11.9	%		$	6,382,552		12.0	%		$	4,928,612		12.5	%
85.01% to 90.00%		19,751,418			34.4			18,422,873			34.6			14,516,271			36.9
90.01% to 95.00%		29,600,148			51.5			27,288,976			51.2			19,489,901			49.5
95.01% and above		1,283,195			2.2			1,159,231			2.2			445,095			1.1
Total		$	57,435,859		100.0	%		$	53,253,632		100.0	%		$	39,379,879		100.0	%
Weighted-average LTV		92		%				92		%				91		%
Total RIF by LTV		June 30, 2015						March 31, 2015						June 30, 2014
($ in thousands)
85.00% and below		$	761,349		5.4	%		$	716,057		5.6	%		$	550,950		5.7	%
85.01% to 90.00%		4,676,693			33.4			4,350,761			33.7			3,434,553			35.4
90.01% to 95.00%		8,335,450			59.6			7,644,265			59.3			5,567,538			57.4
95.01% and above		219,209			1.6			180,379			1.4			147,508			1.5
Total		$	13,992,701		100.0	%		$	12,891,462		100.0	%		$	9,700,549		100.0	%
Portfolio by Loan Amortization Period
Total IIF by Loan Amortization Period		June 30, 2015						March 31, 2015						June 30, 2014
($ in thousands)
FRM 30 years and higher		$	50,910,993		88.6	%		$	46,922,016		88.1	%		$	34,103,315		86.6	%
FRM 20-25 years		1,434,585			2.5			1,336,976			2.5			1,150,105			2.9
FRM 15 years		2,683,327			4.7			2,619,532			4.9			2,434,151			6.2
ARM 5 years and higher		2,406,954			4.2			2,375,108			4.5			1,692,308			4.3
Total		$	57,435,859		100.0	%		$	53,253,632		100.0	%		$	39,379,879		100.0	%

																			Exhibit F
Essent Group Ltd. and Subsidiaries
Supplemental Information
Other Risk in Force
(In thousands)					June 30, 2015							March 31, 2015							June 30, 2014
ACIS (A)					$	66,291						$	63,533						$	—

(A) Essent Reinsurance Ltd. provides insurance or reinsurance in connection with Freddie Mac's Agency Credit Insurance Structure ("ACIS") program, and covers the risk in force on the loans in the reference pools associated with STACR notes issued by Freddie Mac.

																										Exhibit G
Essent Group Ltd. and Subsidiaries
Supplemental Information
Portfolio Vintage Data: Consolidated
											Insurance in Force as of June 30, 2015
Origination year		OriginalInsuranceWritten($ in thousands)			RemainingInsurancein Force($ in thousands)			% Remaining ofOriginalInsurance			% Purchase			>90% LTV			>95% LTV			FICO 700			FICO >= 760			% FRM
2010		$	245,898		$	61,948		25.2	%		74.1	%		41.2	%		0.0	%		3.1	%		60.4	%		98.1	%
2011		3,229,720			1,060,637			32.8			73.4			40.9			0.2			4.6			56.7			94.0
2012		11,241,161			6,588,716			58.6			71.3			50.1			0.5			5.2			56.0			97.2
2013		21,152,638			15,544,043			73.5			75.3			53.3			1.8			7.8			51.2			96.6
2014		24,799,434			21,735,013			87.6			84.3			57.0			3.3			15.2			42.5			94.1
2015 (through June 30)		12,633,479			12,445,502			98.5			74.6			51.8			2.1			14.2			44.6			97.3
Total		$	73,302,330		$	57,435,859		78.4			78.1			53.8			2.2			11.6			47.1			95.8

														Exhibit H
Essent Group Ltd. and Subsidiaries
Supplemental Information
Portfolio Geographic Data: Consolidated
IIF by State
				As of June 30, 2015					As of March 31, 2015					As of June 30, 2014
CA				9.9	%				10.0	%				11.0	%
TX				8.3					8.4					8.5
FL				5.8					5.6					5.1
WA				4.6					4.5					4.0
NC				4.0					4.0					4.3
IL				4.0					3.9					3.9
MA				3.4					3.7					2.6
NJ				3.4					3.4					3.5
PA				3.3					3.4					3.3
GA				3.3					3.3					3.5
All Others				50.0					49.8					50.3
TOTAL				100.0	%				100.0	%				100.0	%
RIF by State
				As of June 30, 2015					As of March 31, 2015					As of June 30, 2014
CA				9.5	%				9.6	%				10.4	%
TX				8.6					8.6					8.3
FL				6.1					5.9					5.3
WA				4.7					4.6					4.0
NC				4.1					4.2					4.4
IL				4.0					4.0					4.0
GA				3.5					3.5					3.6
NJ				3.3					3.4					3.4
AZ				3.2					3.2					3.3
PA				3.2					3.2					3.4
All Others				49.8					49.8					49.9
TOTAL				100.0	%				100.0	%				100.0	%

																Exhibit I
Essent Group Ltd. and Subsidiaries
Supplemental Information
Defaults, Reserve for Losses and LAE, and Claims
Rollforward of Insured Loans in Default
			Three Months Ended									Six Months Ended
			June 30,				June 30,					June 30,				June 30,
			2015				2014					2015				2014
Beginning default inventory			505				192					457				159
Plus: new defaults			385				151					766				318
Less: cures			(270		)		(98		)			(590		)		(226		)
Less: claims paid			(15		)		(10		)			(28		)		(16		)
Ending default inventory			605				235					605				235
Rollforward of Reserve for Losses and LAE
			Three Months Ended									Six Months Ended
			June 30,				June 30,					June 30,				June 30,
($ in thousands)			2015				2014					2015				2014
Reserve for losses and LAE at beginning of period			$	10,065			$	3,804				$	8,427			$	3,070
Add provision for losses and LAE occurring in:
Current year			3,374				1,166					6,079				2,452
Prior years			(1,060		)		(200		)			(1,766		)		(584		)
Incurred losses during the period			2,314				966					4,313				1,868
Deduct payments for losses and LAE occurring in:
Current year			140				—					140				—
Prior years			308				264					669				432
Loss and LAE payments during the period			448				264					809				432
Reserve for losses and LAE at end of period			$	11,931			$	4,506				$	11,931			$	4,506
Claims
			Three Months Ended									Six Months Ended
			June 30,				June 30,					June 30,				June 30,
			2015				2014					2015				2014
Number of claims paid			15				10					28				16
Total amount paid for claims (in thousands)			$	431			$	263				$	780			$	422
Average amount paid per claim (in thousands)			$	29			$	26				$	28			$	26
Severity			88		%		54		%			81		%		62		%

														Exhibit I, continued
Essent Group Ltd. and Subsidiaries
Supplemental Information
Defaults, Reserve for Losses and LAE, and Claims
		As of June 30, 2015
		Number ofPolicies inDefault			Percentage ofPolicies inDefault			Amount ofReserves			Percentage ofReserves			Defaulted RIF			Reserves as aPercentage of RIF
($ in thousands)
Missed Payments:
Three payments or less		289			48	%		$	2,797		26	%		$	16,188		17	%
Four to eleven payments		243			40				5,680		52				12,715		45
Twelve or more payments		58			10				2,003		18				2,500		80
Pending claims		15			2				478		4				540		89
Total		605			100	%			10,958		100	%		$	31,943		34
IBNR									822
LAE									151
Total								$	11,931
Average reserve per default:
Case								$	18.1
Total								$	19.7
Default Rate		0.23	%
		As of December 31, 2014
		Number ofPolicies inDefault			Percentage ofPolicies inDefault			Amount ofReserves			Percentage ofReserves			Defaulted RIF			Reserves as aPercentage of RIF
($ in thousands)
Missed Payments:
Three payments or less		247			54	%		$	2,381		31	%		$	13,059		18	%
Four to eleven payments		167			37				3,748		49				8,132		46
Twelve or more payments		34			7				1,147		15				1,510		76
Pending claims		9			2				424		5				419		101
Total		457			100	%			7,700		100	%		$	23,120		33
IBNR									578
LAE									149
Total								$	8,427
Average reserve per default:
Case								$	16.8
Total								$	18.4
Default Rate		0.20	%
		As of June 30, 2014
		Number ofPolicies inDefault			Percentage ofPolicies inDefault			Amount ofReserves			Percentage ofReserves			Defaulted RIF			Reserves as aPercentage of RIF
($ in thousands)
Missed Payments:
Three payments or less		121			51	%		$	1,266		31	%		$	6,316		20	%
Four to eleven payments		92			39				2,026		49				4,083		50
Twelve or more payments		20			9				724		18				990		73
Pending claims		2			1				105		2				103		102
Total		235			100	%			4,121		100	%		$	11,492		36
IBNR									309
LAE									76
Total								$	4,506
Average reserve per default:
Case								$	17.5
Total								$	19.2
Default Rate		0.13	%

															Exhibit J
Essent Group Ltd. and Subsidiaries
Supplemental Information
Investment Portfolio
Investment Portfolio by Asset Class
Asset Class			June 30, 2015								December 31, 2014
($ in thousands)			Fair Value				Percent				Fair Value				Percent
U.S. Treasury securities			$	166,181			14.3	%			$	74,216			7.0	%
U.S. agency securities			3,196				0.3				4,520				0.4
U.S. agency mortgage-backed securities			104,236				9.0				83,540				7.9
Municipal debt securities			260,887				22.5				195,546				18.5
Corporate debt securities			363,632				31.4				296,829				28.1
Mortgage-backed securities			50,750				4.4				66,086				6.3
Asset-backed securities			130,128				11.2				126,188				11.9
Money market funds			80,369				6.9				210,688				19.9
Total Investments			$	1,159,379			100.0	%			$	1,057,613			100.0	%
Investment Portfolio by Credit Rating
Rating (1)			June 30, 2015								December 31, 2014
($ in thousands)			Fair Value				Percent				Fair Value				Percent
Aaa			$	509,624			44.0	%			$	545,807			51.6	%
Aa1			53,428				4.6				47,792				4.5
Aa2			77,463				6.7				51,958				4.9
Aa3			67,968				5.9				48,261				4.6
A1			100,655				8.7				74,161				7.0
A2			110,740				9.5				67,413				6.4
A3			86,548				7.5				71,964				6.8
Baa1			70,109				6.0				60,399				5.7
Baa2			72,327				6.2				79,727				7.5
Baa3			10,517				0.9				10,131				1.0
Below Baa3			—				—				—				—
Total Investments			$	1,159,379			100.0	%			$	1,057,613			100.0	%
(1) Based on ratings issued by Moody's, if available. S&P rating utilized if Moody's not available.
Investment Portfolio by Duration and Book Yield
Effective Duration			June 30, 2015								December 31, 2014
($ in thousands)			Fair Value				Percent				Fair Value				Percent
< 1 Year			$	235,260			20.3	%			$	332,399			31.4	%
1 to < 2 Years			132,001				11.4				85,971				8.1
2 to < 3 Years			188,325				16.2				167,504				15.8
3 to < 4 Years			142,899				12.3				106,432				10.1
4 to < 5 Years			97,351				8.4				80,300				7.6
5 or more Years			363,543				31.4				285,007				27.0
Total Investments			$	1,159,379			100.0	%			$	1,057,613			100.0	%
Pre-tax investment income yield:
Three months ended June 30, 2015			1.81		%
Six months ended June 30, 2015			1.75		%
Net cash and investments at holding company, Essent Group Ltd.:
($ in thousands)
As of June 30, 2015			$	107,616
As of December 31, 2014			$	126,327

								Exhibit K
Essent Group Ltd. and Subsidiaries
Supplemental Information
Insurance Company Capital
			As of
			June 30, 2015					December 31, 2014
($ in thousands)
US Mortgage Insurance Business:
Combined statutory capital (A)			$	816,441				$	705,890
Combined net risk in force (B)			$	12,492,050				$	11,426,748
Risk to capital ratios: (C)
Essent Guaranty, Inc.			15.7:1					16.4:1
Essent Guaranty of PA, Inc.			11.7:1					14.6:1
Combined (D)			15.3:1					16.2:1
Essent Reinsurance Ltd. Mortgage Insurance Business:
Stockholder's equity (GAAP basis)			$	162,464				$	155,123
Net risk in force (B)			$	1,555,162				$	835,976

(A) 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.

(B) 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.

(C) The risk to capital ratio is calculated as the ratio of net risk in force to statutory capital.

(D) 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.

					Exhibit L
Essent Group Ltd. and Subsidiaries
Supplemental Information
Reconciliation of Non-GAAP Financial Measure - Adjusted Book Value per Share
We believe that long-term growth in Adjusted Book Value per Share is an important measure of our financial performance and is a measure used to determine vesting on certain restricted stock granted to senior management under the Company’s long-term incentive plan. Adjusted Book Value per Share is a financial measure that is not calculated under standards or rules that comprise accounting principles generally accepted in the United States (GAAP) and is referred to as a non-GAAP measure. Adjusted Book Value per Share may be defined or calculated differently by other companies. Adjusted Book Value per Share is one measure used to monitor our results and should not be viewed as a substitute for those measures determined in accordance with GAAP.
Adjusted Book Value per Share is calculated by dividing Adjusted Book Value by Common Shares and Share Units Outstanding. Adjusted Book Value is defined as consolidated stockholders’ equity of the Company, excluding accumulated other comprehensive income (loss) plus the proceeds, if any, from the assumed exercise of all "in-the-money" options, warrants and similar instruments. Common Shares and Share Units Outstanding is defined as total common shares outstanding plus all equity instruments (including restricted share units) issued to management and the Board of Directors and any "in-the-money" options, warrants and similar instruments. Accumulated other comprehensive income (loss) includes unrealized gains and losses that arise from changes in the market value of the Company’s investments that are classified as available for sale. The Company does not view these unrealized gains and losses to be indicative of our fundamental operating performance. As of June 30, 2015 and December 31, 2014, the Company does not have any options, warrants and similar instruments outstanding.
The following table sets forth the reconciliation of Adjusted Book Value to the most comparable GAAP amount as of June 30, 2015 and December 31, 2014 in accordance with Regulation G:

(In thousands, except per share amounts)						June 30, 2015					December 31, 2014
Numerator:
Total Stockholders' Equity (Book Value)						$	1,027,773				$	955,738
Subtract: Accumulated Other Comprehensive Income						787					4,667
Adjusted Book Value						$	1,026,986				$	951,071
Denominator:
Total Common Shares Outstanding						92,659					92,546
Add: Restricted Share Units Outstanding						540					664
Total Common Shares and Share Units Outstanding						93,199					93,210
Adjusted Book Value per Share						$	11.02				$	10.20

Source: Essent Group Ltd.

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Media Contact

JD Walker Communications, LLC

Janice Daue Walker, 610-230-0556

[email protected]

or

Investor Relations Contact

Essent Group Ltd.

Christopher G. Curran

Senior Vice President – Investor Relations

855-809-ESNT

[email protected]

Source: Essent Group Ltd.