Enact Holdings Inc is a prominent provider of mortgage insurance and related risk management services in the financial services sector
The company focuses on supporting homeownership by offering products that help lenders manage their risk while making mortgage loans. Enact operates primarily in the United States, where it provides a range of mortgage insurance solutions designed to facilitate lending and promote homeownership accessibility. Through its innovative approaches and expertise in underwriting, Enact plays a vital role in helping financial institutions mitigate risk associated with residential mortgage lending, driving stability and growth in the housing market.
GAAP Net Income of $163 million, or $1.05 per diluted shareAdjusted Operating Income of $169 million, or $1.09 per diluted shareReturn on Equity of 13.0% and Adjusted Operating Return on Equity of 13.5%Record Primary insurance in-force of $269 billion, a 2% increase from fourth quarter 2023PMIERs Sufficiency of 167% or $2,052 millionBook Value Per Share of $32.80 and Book Value Per Share excluding AOCI of $34.16Returned over $350 million of capital to shareholders in 2024Announces quarterly cash dividend of $0.185 per common share
RALEIGH, N.C., Jan. 09, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its fourth quarter earnings release after the market closes on February 4, 2025. Enact will host a conference call to review fourth quarter 2024 financial results on February 5, 2025 at 8:00 a.m. (ET).
GAAP Net Income of $181 million, or $1.15 per diluted shareAdjusted Operating Income of $182 million, or $1.16 per diluted shareReturn on Equity of 14.7% and Adjusted Operating Return on Equity of 14.8%Record Primary insurance in-force of $268 billion, a 2% increase from third quarter 2023PMIERs Sufficiency of 173% or $2,190 millionBook Value Per Share of $32.61 and Book Value Per Share excluding AOCI of $33.27Announces quarterly cash dividend of $0.185 per common share
RALEIGH, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its third quarter earnings release after the market closes on November 6, 2024. Enact will host a conference call to review third quarter 2024 financial results on November 7, 2024 at 8:00 a.m. (ET).
RALEIGH, N.C., Aug. 21, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today addressed the updated Private Mortgage Insurer Eligibility Requirements (PMIERs) released by Fannie Mae and Freddie Mac (the GSEs), and the Federal Housing Finance Administration (FHFA) on August 21, 2024 which will be phased-in between March 31, 2025 and September 30, 2026.
GAAP Net Income of $184 million, or $1.16 per diluted shareAdjusted Operating Income of $201 million, or $1.27 per diluted shareReturn on Equity of 15.4% and Adjusted Operating Return on Equity of 16.9%Record Primary insurance in-force of $266 billion, a 3% increase from second quarter 2023PMIERs Sufficiency of 169% or $2,057 millionBook Value Per Share of $30.91 and Book Value Per Share excluding AOCI of $32.43Announces quarterly cash dividend of $0.185 per common share
RALEIGH, N.C., July 09, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its second quarter earnings release after the market closes on July 31, 2024. Enact will host a conference call to review second quarter 2024 financial results on August 1, 2024 at 8:00 a.m. (ET).
RALEIGH, N.C., June 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that the company’s President and Chief Executive Officer, Rohit Gupta, will participate in a fireside chat at the 2024 TD Financial Services and Fintech Summit on Thursday, June 6, 2024 at 4:15 pm Eastern Time.
RALEIGH, N.C., May 22, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), today announced that it has priced a registered public offering of $750 million of its 6.25% Senior Notes due 2029 (the “2029 Notes”). The expected settlement date for the offering is May 28, 2024, subject to the satisfaction of customary closing conditions.
GAAP Net Income of $161 million, or $1.01 per diluted shareAdjusted Operating Income of $166 million, or $1.04 per diluted shareReturn on Equity of 13.8% and Adjusted Operating Return on Equity of 14.2%Record Primary insurance in-force of $264 billion, a 4% increase from first quarter 2023PMIERs Sufficiency of 163% or $1,883 millionBook Value Per Share of $29.89 and Book Value Per Share excluding AOCI of $31.40
RALEIGH, N.C., May 01, 2024 (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 declared a quarterly dividend of $0.185 per common share, an increase of 16% from the prior quarter’s dividend. This dividend will be payable on June 13, 2024, to shareholders of record on May 29, 2024. Future dividends will be subject to Board approval.
RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on May 1, 2024. Enact will host a conference call to review first quarter 2024 financial results on May 2, 2024 at 8:00 a.m. (ET).
RALEIGH, N.C., April 03, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it has completed an integration with PMI Rate Pro that enables lenders to order delegated mortgage insurance directly through their API platform.
