• Essent Group average price/book ratio for 2023 was 1.02, a 9.68% increase from 2022.
• Essent Group average price/book ratio for 2022 was 0.93, a 20.51% increase from 2021.
• Essent Group average price/book ratio for 2021 was 1.17, a 17% decline from 2020.

Price/book ratio can be defined as