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Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Essent Group's Claims Ratio % for the quarter that ended in Mar. 2024 was 4.00% , which is lower than 7.90% for the pervious quarter ended in Dec. 2023.
Essent Group's Claims Ratio % for the annual that ended in Dec. 2023 was 3.40% , which is higher than -20.70% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Essent Group's Claims Ratio % or its related term are showing as below:
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.
Essent Group Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
Essent GroupQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |||||||||||||||||||||
Claims Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Expense Ratio % | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Combined Ratio % | Get a 7-Day Free Trial |
For the Insurance - Specialty subindustry, Essent Group's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
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 (NYSE:ESNT) 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.
Thank you for viewing the detailed overview of Essent Group's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Lourdes Gibbons | officer: Sr. VP, CLO & Assit. Secretary | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Vijay Bhasin | officer: Sr. VP & Chief Risk Officer | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
David B Weinstock | officer: VP & Chief Accounting Officer | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Douglas J Pauls | director | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Aditya Dutt | director | RENAISSANCE HOUSE, 12 CROW LANE, PEMBROKE D0 HM 19 |
Anu Karna | director | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Robert Glanville | director | C/O PINE BROOK ROAD PARTNERS LLC, 42ND STREET, 50TH FLOOR, NEW YORK NY 10165 |
Mark Casale | director, officer: CEO & President | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Mcalee Lawrence E Jr | officer: Sr. VP & CFO | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
William Spiegel | director | C/O MONTOPELIER RE HOLDINGS LTD, MINTFLOER PLACE 8 PAR LA VILLE RD, HAMILTON BERMUDA D0 HM 08 |
Roy James Kasmar | director | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Joseph Hissong | officer: Senior Vice President | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Jeff Cashmer | officer: SVP & Chief Business Officer | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM 11 |
Christopher G Curran | officer: SVP, Corporate Development | C/O ESSENT GROUP LTD., CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON D0 HM11 |
Jane Chwick | director | C/O MARKETAXESS HOLDINGS, INC., 299 PARK AVENUE, NEW YORK NY 10171 |
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