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
Gain (Loss) on Sale of Assets	0.07	-	-	-	-
Gain (Loss) on Sale of Investments	15.3	22.58	22.1	31.52	33.32
Stock-Based Compensation	20.85	24.78	18.45	18.38	20.84
Change in Accounts Receivable	4.42	7.47	-2.07	-11.21	3.34
Change in Unearned Revenue	-24.25	-24.3	-22.62	-22.5	-65.05
Change in Income Taxes	-23.83	-18.95	-52.19	-57.65	-58.17
Change in Insurance Reserves / Liabilities	117.96	68.77	29.02	-190.98	32.5
Change in Other Net Operating Assets	6.52	7.88	63.32	-58.99	-0.88
Other Operating Activities	61.3	46.02	-5.81	72.27	109.75
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
Purchase / Sale of Intangible Assets	-	-10	-	-	-
Cash Acquisitions	-	-	-86.76	-	-
Investment in Securities	-147.37	-690.16	-434.81	-394.89	-580.67
Investing Cash Flow	-154.74	-706.93	-525.57	-398.87	-583.17
Long-Term Debt Issued	-	498.16	-	-	225
Total Debt Repaid	-	-425	-	-	-125
Net Debt Issued (Repaid)	-	73.16	-	-	100
Repurchases of Common Stock	-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%
Free Cash Flow 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
Cash Interest Paid	31.25	17.2	28.57	13.6	6.95
Cash Income Tax Paid	91.15	92.52	139.71	98.01	55.8
Levered Free Cash Flow	351.27	777.84	-168.49	406.7	870.88
Unlevered Free Cash Flow	371.71	799.92	-149.66	416.45	876.05
Change in Working Capital	80.92	40.35	16.23	-339.06	-83.44

Updated Feb 13, 2026. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

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