Credit risk

As of September 30, 2022 – InsuranceNewsNet


US Regulated Stock Markets (Alternate Disclosure) via PUBT

VSREEDIT RISK JTRANSFER (CRT)UPDATE

FWHERE PPERIOD ECONCLUSION:SSeptember 30, 2022

This presentation may include “forward-looking statements” that are subject to known and unknown risks and uncertainties, many of which may be beyond our control. Forward-looking statements can generally be identified by the use of forward-looking words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”. , “predict” or “potential” or the negative thereof or variations thereof 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. While it is not possible to identify all of these risks and factors, they include, among others, the following: the impact of COVID-19 and related economic conditions; changes in or to Fannie Mae and Freddie Mac (the “GSEs”), whether through federal legislation, restructurings or a change in business practices; failure to continue to meet GSE mortgage insurer eligibility requirements; competition for customers; lenders or investors seeking alternatives to private mortgage insurance; deterioration in economic conditions (including inflation, rising interest rates and other adverse economic trends); 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 in the value of deductibles due to the loss of a major customer; lower volume of low down payment mortgages; the definition of “qualifying mortgage” reducing the size of the mortgage origination market or creating incentives to use government mortgage insurance programs; the definition of “qualifying 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 reduction in the length of time that insurance policies are in force; the uncertainty of loss reserve estimates; our no-WE transactions subject to WE Federal income tax; become a passive foreign investment company for WE for 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, 2021 filed with the Security and Exchange Commission on February 16, 2022as subsequently updated through other reports we file with the Security and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this presentation, and we undertake no obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unforeseen events or other.

VSENDED JTRANSACTIONS:VSLOSING IINFORMATION

  1. XOL balance accumulates through December 2022.
  2. Radnor Re 2020-2 ended in August 2022.

* Pricing has not been publicly disclosed for XOL deals

VSENDED JTRANSACTIONS:VSLOSING IINFORMATION VSOntario.

* Pricing has not been publicly disclosed for XOL deals.

CRT-SABSTRACT: AS OF VSLOSING

  1. Insurance Linked Note (ILN) transactions are with Radnor Re (RMIR) entities.
    • The Radnor Re entities are Bermuda special purpose insurers and are not subsidiaries or affiliates of Essent Group Ltd.
  2. Stop-loss (XOL) agreements are entered into with panels of WE & global reinsurers.
  3. Radnor Re 2020-2 ended in August 2022.

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Disclaimer

Essent Group Ltd. published this content on November 04, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on November 04, 2022 20:27:35 UTC.