Statutory Accounting (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of statutory net income, statutory surplus and contingency reserve liability

The statutory capital and surplus and statutory income for Essent Re at June 30, 2016 was as follows:



(In thousands)	Actual		Required
Statutory capital and surplus:	$	269,358	$	1,000

Statutory net income:	$	21,396

The following table presents Essent Guaranty’s and Essent PA’s statutory net income, statutory surplus and contingency reserve liability as of and for the six months ended June 30:



(In thousands)	2016		2015
Essent Guaranty
Statutory net income	$	100,026	$	84,386
Statutory surplus	545,665		502,997
Contingency reserve liability	392,928		244,320

Essent PA
Statutory net income	$	6,980	$	8,090
Statutory surplus	45,516		45,087
Contingency reserve liability	32,198		22,469

- Definition

Tabular disclosure of how the entity's reporting under GAAP as of the balance sheet date differs from the results based on prescribed and permitted accounting practices of the state or country of domicile in which a relevant statutory filing is made, or differences in results based on the National Association of Insurance Commissioners (NAIC) prescribed practices, or a combination thereof. Describes the accounting practices used and the related monetary effect on statutory surplus, net income, and risk-based capital. If an insurance enterprise's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact is disclosed in the financial statements. Permitted statutory accounting practices include practices not prescribed but allowed by the domiciliary state insurance department regulatory authority.

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