Enact Holdings

Enact Holdings, Inc. operates as a holding company which provides mortgage insurance services. It provides credit protection to mortgage lenders and investors, covering a portion of the unpaid principal balance of mortgage loans. The company was founded in 1981 and is headquartered in Raleigh, NC.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Enact Holdings (ACT) reports record performance and capital return plans

Enact Holdings (ACT) delivered strong financial results in Q4 2022, showcasing resilience and strategic management. Despite economic uncertainties, the company remains confident in its financial position and commitment to shareholders.

Enact Holdings (ACT) reports strong Q1 performance amidst market challenges

Enact Holdings (ACT) delivered a robust performance in Q1 2023, showcasing financial strength, strategic initiatives, and resilience in a dynamic market environment. While facing challenges from industry changes and market fluctuations, Enact remains focused on capitalizing on opportunities for growth and stability.

Enact Holdings reports strong Q2 earnings and strategic growth focus

Enact Holdings delivered a robust performance in Q2 2023, driven by strong financial results and operational efficiency.
The company's focus on credit quality, capital efficiency, and shareholder returns positions it well for future growth.
Challenges related to market dynamics and regulatory uncertainties require careful monitoring and strategic adaptation.
Opportunities lie in sustained pricing adequacy, market dynamics, and strategic initiatives to drive business expansion.

Enact Holdings reports robust Q3 performance and shareholder-friendly initiatives

Enact Holdings delivered a strong Q3 performance with robust financial metrics, including record insurance-in-force and solid credit performance, reflecting financial stability and growth potential.
The company's strategic focus on underwriting quality, disciplined capital allocation, and shareholder value creation highlights a commitment to sustainable growth and profitability.
Opportunities lie in further enhancing investor confidence through capital returns, engaging with investors at conferences, and leveraging market dynamics for sustained value creation.

Enact Holdings (ACT) posts record earnings, eyes Australian market growth

Enact Holdings (ACT) delivered strong financial results in Q4 2023, showcasing growth opportunities in the Australian market through Enact Re. The company emphasized its commitment to balancing capital return, supporting policyholders, and pursuing new business opportunities while maintaining PMIER ratios.

Enact Holdings (ACT) posts robust Q1 earnings, addresses market challenges

Enact Holdings (ACT) delivered strong financial results in Q1 2024, focusing on capital returns, risk management, and market positioning. Challenges include addressing declines in new insurance written and managing delinquency rates effectively. The company's strategic approach to risk and pricing presents opportunities for sustained growth and shareholder value.

Enact Holdings reports robust Q3 performance amidst industry challenges

Enact Holdings demonstrated strong financial performance and prudent risk management in Q3 2024, supported by record insurance in force and solid credit quality.
While facing challenges such as competitive dynamics and regulatory impacts, the company remains focused on disciplined expense management and shareholder value.
Opportunities lie in leveraging market initiatives like Enact Re and strategic capital allocation to drive sustained growth and navigate evolving market conditions.

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The mortgage purchase origination market is facing real headwinds with rising interest rates and rising home prices. Private mortgage insurance is well shielded due to low customer churn. Many homeowners have locked in low mortgage rates and are unlikely to make a change.

Enact Holdings: Keeping The Shareholder Returns Coming

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JPMorgan Chase analysts on Tuesday cut their ratings on three consumer finance companies after Federal Reserve Chairman Jerome Powell signaled the central bank's determination to continue hiking interest rates.

JPMorgan downgrades Discover Financial, Rocket Mortgage, Enact Holdings as it eyes interest rate hikes

RALEIGH, N.C., Aug. 22, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced mortgage industry veteran Neenu Kainth as the company's new Chief Customer Experience Officer.

Enact Announces Neenu Kainth as Chief Customer Experience Officer

Enact Holdings, Inc. (NASDAQ:ACT ) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants Daniel Kohl – Vice President of Investor Relations Rohit Gupta – President and Chief Executive Officer Dean Mitchell – Chief Financial Officer and Treasurer Conference Call Participants Mihir Bhatia – Bank of America John Kilichowski – Credit Suisse Tommy McJoynt – KBW Geoffrey Dunn – Dowling & Partners Rick Shane – JPMorgan Ryan Gilbert – BTIG Operator Good morning, and welcome to the Enact Second Quarter 2022 Earnings Conference Call. All participants will be in listen-only mode.

Enact Holdings, Inc's (ACT) CEO Rohit Gupta on Q2 2022 Results - Earnings Call Transcript

Second quarter GAAP Net Income of $205 million , or $1.25 per diluted share Second quarter Adjusted Operating Income of $205 million, or $1.26 per diluted share Second quarter return on equity of 20.1% and adjusted operating return on equity of 20.2% Record Insurance-in-Force of $238 billion, a 9% increase from second quarter 2021 PMIERs Sufficiency of 166% or $2,047 million Book value per share of $25.06

Enact Reports Second Quarter 2022 Results

RALEIGH, N.C., July 08, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its second quarter earnings release after the market closes on August 1, 2022. Enact will host a conference call to review second quarter 2022 financial results on August 2, 2022 at 8:00 a.m. (ET).

Enact to Host Second Quarter 2022 Earnings Call August 2nd

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The combined impact of inflation and rising interest rates are taking the air out of the housing market as home prices remain elevated and mortgages are much more expensive.

Enact Holdings: A Little Slice Of The Mortgage Pie

Enact Holdings, Inc. (NASDAQ:ACT ) Q1 2022 Earnings Conference Call May 4, 2022 8:00 AM ET Company Participants Daniel Kohl - Vice President of Investor Relations Rohit Gupta - President and Chief Executive Officer Dean Mitchell - Chief Financial Officer and Treasurer Michael Derstine - Chief Risk Officer Conference Call Participants Rick Shane - JPMorgan Doug Harter - Credit Suisse Bose George - KBW Geoffrey Dunn - Dowling & Partners Mihir Bhatia - Bank of America Ryan Gilbert - BTIG Operator Hello, and welcome to Enact's First Quarter Earnings Call. Please be advised that today's conference is being recorded.

Enact Holdings, Inc. (ACT) CEO Rohit Gupta on Q1 2022 Results - Earnings Call Transcript

First quarter GAAP Net Income of $165 million, or $1.01 per diluted share  First quarter Adjusted Net Operating Income of $165 million, or $1.01 per diluted share  First quarter return on equity of 16.2% and adjusted operating return on equity of 16.2%  Record Insurance-in-Force of $232 billion, a 10% increase from first quarter 2021  PMIERs Sufficiency of 176% or $2,261 million  Book value per share of $24.86

Enact Reports First Quarter 2022 Results

RALEIGH, N.C., April 28, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that its Board of Directors has approved the initiation of a dividend program under which the Company intends to pay a quarterly cash dividend. The inaugural quarterly dividend for the second quarter of 2022 will be $0.14 per share, payable on May 26, 2022 to common shareholders of record on May 9, 2022. Future dividend payments are subject to quarterly review and approval by our Board of Directors and will be targeted to be paid in the third month of each subsequent quarter.

Enact Initiates Dividend Program and Announces Inaugural Quarterly Dividend

RALEIGH, N.C., April 05, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its first quarter earnings release after the market closes on May 3, 2022. Enact will host a conference call to review first quarter 2022 financial results on May 4, 2022 at 8:00 a.m. (ET).

Enact to Host First Quarter 2022 Earnings Call May 4th

Genworth Financial

RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial Schedules First Quarter Earnings Conference Call For May 4th

Genworth Financial Schedules Earnings Conference Call For May 4th

Enact Holdings, Inc.'s (ACT) CEO Rohit Gupta on Q4 2021 Results - Earnings Call Transcript

Fourth quarter GAAP Net Income of $154 million, or $0.94 per diluted share  Full year GAAP Net Income of $547 million, or $3.36 per diluted share  Fourth quarter Adjusted Net Operating Income of $154 million, or $0.94 per diluted share  Full year Adjusted Net Operating Income of $551 million, or $3.38 per diluted share  Fourth quarter return on equity of 14.8% and adjusted operating return on equity of 14.8%  Book value per share of $25.21  Issued Dividend of $200 million in the fourth quarter  PMIERs Sufficiency of 165% or $2,003 million

Enact Reports Fourth Quarter and Full Year 2021 Results

Here is how Enact Holdings, Inc. (ACT) and AllianceBernstein (AB) have performed compared to their sector so far this year.

Is Enact Holdings, Inc. (ACT) Outperforming Other Finance Stocks This Year?

RALEIGH, N.C., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its fourth quarter earnings release after the market closes on February 1, 2022. Enact will host a conference call to review fourth quarter 2021 financial results on February 2, 2022 at 8:00 a.m. (ET).

Enact to Host Fourth Quarter 2021 Earnings Call February 2nd

RICHMOND, Va., Dec. 15, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) ("Genworth"), announced today that Genworth Holdings, Inc. ("Genworth Holdings"), its direct wholly-owned subsidiary, has completed the redemption of all $308 million aggregate principal amount of its outstanding 4.900% Senior Notes due 2023 (the "Notes").

Genworth Completes Redemption of Outstanding 2023 Senior Notes

With an operating history of 40 years, Enact Holdings is already a well-established name in the PMI sector with deep connections and a broad customer base. The excess capital and sufficiency ratio of 181%, one of the highest in the PMI sector, provides ACT with a competitive advantage and financial flexibility for further growth ahead.

Enact Holdings: ACT And Buy

RALEIGH, N.C., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that its Board of Directors declared a special cash dividend of $200 million, or $1.23 per common share, payable on December 15, 2021 to the shareholders of record as of close of business on November 26, 2021.

Enact Declares Special Cash Dividend of $1.23 Per Share

Enact Holdings, Inc. (ACT) CEO Rohit Gupta on Q3 2021 Results - Earnings Call Transcript

GAAP Net Income of $137 million, or $0.84 per diluted share Adjusted Net Operating Income of $137 million, or $0.84 per diluted share 13.2% return on equity and 13.2% adjusted return on equity $25.80 book value per share PMIERs Sufficiency of 181% or $2,287 million, highest level ever

Enact Reports Third Quarter 2021 Results

RALEIGH, N.C., Oct. 13, 2021 /PRNewswire/ -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today released monthly operating statistics related to credit performance of their insurance portfolio for the month of September 2021.

Enact Releases Monthly Operating Statistics

RALEIGH, N.C., Oct. 12, 2021 /PRNewswire/ -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) mourns the passing of its Board Member, General Raymond T.

Enact Mourns the Death of Board Member General Raymond T. Odierno

RALEIGH, N.C., Oct. 8, 2021 /PRNewswire/ -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its third quarter earnings release after the market closes on November 2, 2021.

News for Enact Holdings Stock (ACT)