• Essent Group average return on tangible equity for 2023 was 15.03, a 25.19% decline from 2022.
• Essent Group average return on tangible equity for 2022 was 20.09, a 41.68% decline from 2021.
• Essent Group average return on tangible equity for 2021 was 14.18, a 3.73% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.