Stochastic encounter-mating (SEM) models describe monogamous permanent pair formation in finite zoological populations of multitype females and males. In this paper we study SEM models with Poisson firing times. First, we prove that the model enjoys a fluid limit as the population size diverges, that is, the stochastic dynamics converges to a deterministic system governed by coupled ordinary differential equations (ODEs). Then we convert these ODEs to the well-known Lotka–Volterra and replicator equations from population dynamics. Next, under the so-called fine balance condition which characterizes panmixia, we solve the corresponding replicator equations and give an exact expression for the fluid limit. Finally, we consider the case with two types of female and male. Without the fine balance assumption, but under certain symmetry conditions, we give an explicit formula for the limiting mating pattern, and then use it to characterize assortative mating.