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Essent Group (LTS:0U95) Claims Ratio % : 0.00% (As of . 20)


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What is Essent Group Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Essent Group's Claims Ratio % or its related term are showing as below:

LTS:0U95's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Essent Group Claims Ratio % Historical Data

The historical data trend for Essent Group's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Essent Group Claims Ratio % Chart


Essent Group  (LTS:0U95) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Essent Group  (LTS:0U95) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Essent Group Claims Ratio % Related Terms

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Essent Group (LTS:0U95) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Essent Group Ltd (LTS:0U95) » Definitions » Claims Ratio %
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Traded in Other Exchanges
ESNT:USA
Address
2 Church Street, Clarendon House, Hamilton, BMU, HM 11
Website
https://ir.essentgroup.com
Essent Group Ltd is a private mortgage insurance company in the United States. Essent provides credit protection to lenders and mortgage investors by covering a portion of the unpaid principal balance of a mortgage and certain related expenses in the event of a default. By providing capital to mitigate mortgage credit risk, the company allows lenders to make additional mortgage financing available to prospective homeowners. Essent writes mortgage guaranty coverage in all 50 states and the District of Columbia.

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