Essent — Debt Investor Presentation (September 2024)

4 slides from Essent's debt investor presentation, September 2024

Slide 1: Mortgage Insurance-Linked Note Reinsurance Transaction
MORTGAGE INSURANCE-LINKED NOTE REINSURANCE TRANSACTION REINSURANCE PROVIDED BY: RADNOR RE 2024-1 LTD. SEPTEMBER 2024
Slide 2: Disclaimer
DISCLAIMER This presentation 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," "will," “shou
Slide 3: Transaction Overview
TRANSACTION OVERVIEW ➢ On September 24, 2024, Essent Guaranty, Inc., a wholly owned subsidiary of Essent Group Ltd., obtained fully CEDING collateralized excess of loss reinsurance coverage on mortgage insurance policies written in July 2023 through July 2024. INSURER: ➢ The total amount of reinsura
Slide 4: Mortgage Insurance-Linked Notes at Closing
MORTGAGE INSURANCE-LINKED NOTES AT CLOSING CREDIT OFFERED WEIGHTED % OF RISK FUNDED MOODY’S DBRS CLASS BALANCE ENHANCEMENT NOTES AVERAGE INDEX SPREAD IN FORCE PERCENT RATING RATING % (FUNDED) LIFE* A-H $7,929,939,000 92.75% 7.25% RETAINED BY ESSENT M-1A $106,872,000 1.25% 6.00% $106,872,000 100.0% B