Essent Group Ltd. (the “Company”) entered into a letter agreement (the “Letter”) dated June 28, 2022 (the “Transition Date”) with Lawrence McAlee, the Company's Senior Vice President, pursuant to which Mr. McAlee will cease serving as Senior Vice President of the company as of the “Transition Date”. Mr. McAlee has agreed to serve as a Special Advisor to the Chief Executive Officer of the Company to provide transition support from the Transition Date through December 31, 2022 (the “Separation Date”).