Essent Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	689.97	729.4	696.39	831.35	681.78
Depreciation & Amortization	5.23	5.78	4.53	3.02	3.38
Stock-Based Compensation	20.85	24.78	18.45	18.38	20.84
Other Adjustments	59.08	61.22	27.42	75.12	86.69
Changes in Receivables	0.78	-0.58	-4.6	-17.83	-3.26
Changes in Deferred Acquisition Costs	0.11	-0.52	0.77	2.27	4.83
Changes in Accrued Expenses	20.88	34.57	2.87	-2.04	9.67
Changes in Unearned Premiums	-24.25	-24.3	-22.62	-22.5	-65.05
Changes in Claims Reserves	117.96	68.77	29.02	-190.98	32.5
Changes in Other Operating Activities	-34.55	-37.61	10.79	-107.98	-62.12
Operating Cash Flow	856.05	861.53	763	588.82	709.26
Operating Cash Flow Growth	-0.64%	12.91%	29.58%	-16.98%	-2.56%
Capital Expenditures	-7.36	-6.77	-4	-3.98	-2.5
Purchases of Intangible Assets	-	-10	-	-	-
Purchases of Investments	-1,198	-1,687	-1,156	-1,453	-2,338
Proceeds from Sale of Investments	935.34	832.63	1,377	996.9	1,344
Payments for Business Acquisitions	-	-	-86.76	-	-
Other Investing Activities	115.53	164.71	-655.6	61.06	413.77
Investing Cash Flow	-154.74	-706.93	-525.57	-398.87	-583.17
Short-Term Debt Issued	-	-	-	-	225
Short-Term Debt Repaid	-	-425	-	-	-125
Net Short-Term Debt Issued (Repaid)	-	-425	-	-	100
Long-Term Debt Issued	-	498.16	-	-	-
Net Long-Term Debt Issued (Repaid)	-	498.16	-	-	-
Repurchase of Common Stock	-587.68	-111.54	-70.67	-97.91	-163.86
Net Common Stock Issued (Repurchased)	-587.68	-111.54	-70.67	-97.91	-163.86
Common Dividends Paid	-122.07	-118.04	-106.22	-92.13	-77.72
Other Financing Activities	-	-8.49	-	-0.15	-5.85
Financing Cash Flow	-709.75	-164.91	-176.89	-190.2	-147.43
Net Cash Flow	-8.43	-10.31	60.55	-0.25	-21.34
Free Cash Flow	848.69	854.77	759	584.84	706.76
Free Cash Flow Growth	-0.71%	12.62%	29.78%	-17.25%	-2.58%
FCF Margin	67.31%	68.77%	68.39%	58.44%	68.72%
Free Cash Flow Per Share	8.48	8.02	7.08	5.43	6.34
Levered Free Cash Flow	650.02	773.73	688.72	700.15	669.98
Unlevered Free Cash Flow	650.02	700.57	688.72	700.15	569.98

Updated Dec 31, 2025. Data Source: Fiscal.ai. Insurance template. Financial Sources.