Mark A. Casale is the founder and CEO of Essent Group, a company specializing in mortgage insurance. Since starting the company in 2008 with $500 million in capital, he has grown it to manage over $200 billion in insurance. Under...

Number of Employees

526

Year

2023

Total Compensation

$1.92M

Salary

$1.00M

Board Justification

The compensation philosophy emphasizes performance-based compensation that rewards executives for delivering financial, operational, and strategic results that meet or exceed pre-established goals.

Bonus

$212.50K

Board Justification

The annual incentive bonus awarded to Mr. Casale for 2023 was based on performance metrics, resulting in a payout of 163% of his target annual incentive compensation.

Other

$705.22K

Board Justification

Other compensation includes financial planning services, matching 401(k) contributions, and dividend equivalent rights.

Restricted Stock

$0.00(0 common stock)

Board Justification

No stock was reported as vested in 2023 for Mr. Casale.

Performance Metrics

The performance metrics for the bonus included corporate goals related to financial performance and strategic objectives.

SEC Filing

From March 29, 2024