• Essent Group average ebitda margin for 2023 was 84.1%, a 18.02% decline from 2022.
• Essent Group average ebitda margin for 2022 was 102.58%, a 43.23% decline from 2021.
• Essent Group average ebitda margin for 2021 was 71.62%, a 11.49% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.