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 Q1 2023

Earnings data Q2 2023

Enact Rate Quotes Now Available in Blend Enact Rate Quotes Now Available in Blend

Enact Announces Integration with Blend to Digitally Enhance the Mortgage Application Process

RALEIGH, N.C., March 09, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it has received confirmation from Fannie Mae and Freddie Mac that the GSE Conditions first imposed after the issuance of Enact's August 2020 senior notes have been satisfied and the accompanying restrictions have been lifted, effective March 1, 2023.

GSEs Confirm Satisfaction of the GSE Conditions and Lifting of the GSE Restrictions

Secures approximately $180 million of excess of loss reinsurance coverage from panel of reinsurers Secures approximately $180 million of excess of loss reinsurance coverage from panel of reinsurers

Enact Mortgage Insurance Completes XOL Reinsurance Transaction as Part of its Diversified Credit Risk Transfer Program

RALEIGH, N.C., March 02, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, has appointed Jerome Upton to the company's board of directors.

Enact Welcomes Jerome Upton to its Board of Directors

Third Moody's Upgrade Since IPO Underscores Enact's Continued Strong Performance and Robust Capital Position Third Moody's Upgrade Since IPO Underscores Enact's Continued Strong Performance and Robust Capital Position

Enact Receives Ratings Upgrade from Moody's

Second Upgrade from S&P Global Ratings Since IPO Underscores Enact's Continued Strong Performance and Strong Capital Position Second Upgrade from S&P Global Ratings Since IPO Underscores Enact's Continued Strong Performance and Strong Capital Position

Enact Receives Ratings Upgrade from S&P Global Ratings

Enact Holdings, Inc. (NASDAQ:ACT ) Q4 2022 Earnings Conference Call February 7, 2023 8:00 AM ET Company Participants Daniel Kohl - Vice President, Investor Relations Rohit Gupta - President & Chief Executive Officer Dean Mitchell - Chief Financial Officer & Treasurer Conference Call Participants Doug Harter - Credit Suisse Mihir Bhatia - Bank of America Bose George - KBW Eric Hagen - BTIG Operator Good day and welcome to the Q4 2022 Enact Earnings Conference Call. At this time, all participants are in a listen-only mode.

Enact Holdings, Inc. (ACT) Q4 2022 Earnings Call Transcript

Enact Holdings, Inc. (ACT) delivered earnings and revenue surprises of -2.17% and 1.17%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Enact Holdings, Inc. (ACT) Lags Q4 Earnings and Revenue Estimates

Fourth quarter GAAP Net Income of $144 million , or $0.88 per diluted share Full year GAAP Net Income of $704 million , or $4.31 per diluted share Fourth quarter Adjusted Operating Income of $147 million , or $0.90 per diluted share Full year Adjusted Operating Income of $708 million , or $4.34 per diluted share Fourth quarter Return on Equity of 14.0% and Adjusted Operating Return on Equity of 14.4% Record Primary Insurance-in-Force of $248 billion , a 10% increase year-over-year PMIERs Sufficiency of 165% or $2,050 million Returned over $250 million of capital to shareholders in 2022 Book Value Per Share of $25.19 and Book Value Per Share excluding AOCI of $27.54

Enact Reports Fourth Quarter 2022 Results

RALEIGH, N.C., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that the company's Chief Executive Officer, Rohit Gupta, and Chief Financial Officer, Dean Mitchell, will participate in a fireside chat at the Bank of America 2023 Financial Services Conference in New York City on Wednesday, February 15, 2023 at 2:30pm Eastern Time.

Enact To Participate at the Bank of America 2023 Financial Services Conference

Enact Holdings, Inc. (ACT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Enact Holdings, Inc. (ACT) to Report a Decline in Earnings: What to Look Out for

RALEIGH, N.C., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact or Company) today announced that it has published its 2023 Environmental, Social, and Governance (ESG) Roadmap (Roadmap). The Roadmap, a significant step forward in the company's ESG journey, shares the Company's priorities and approach to ESG ahead of the publication of its inaugural ESG report, which is expected to be released in the first half of 2023.

Enact Releases 2023 Environmental, Social, and Governance (ESG) Roadmap

Private mortgage insurer Enact Holdings has performed better than peers over the last 12 months in spite of common headwinds from the housing. Going into 2023 which is expected to be a slow year for new mortgages, the balance sheet appears robust, with shares at a slight discount to book value.

Enact Holdings: Resilient Balance Sheet For A Tough Mortgage Environment

RALEIGH, N.C., Jan. 06, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its fourth quarter earnings release after the market closes on February 6, 2023. Enact will host a conference call to review fourth quarter 2022 financial results on February 7, 2023 at 8:00 a.m. (ET).

Enact to Host Fourth Quarter 2022 Earnings Call February 7th

Enact Holdings, Inc. (NASDAQ:ACT ) Q3 2022 Earnings Conference Call November 2, 2022 8:00 AM ET Company Participants Daniel Kohl - Vice President of Investor Relations Rohit Gupta - President & Chief Executive Officer Dean Mitchell - Chief Financial Officer & Treasurer Conference Call Participants Mihir Bhatia - Bank of America Bose George - KBW Geoffrey Dunn - Dowling & Partners Operator Good morning and welcome to the Enact's Third Quarter Earnings Call. Please be advised that today's conference is being recorded.

Enact Holdings, Inc. (ACT) Q3 2022 Earnings Call Transcript

Enact Holdings, Inc. (ACT) delivered earnings and revenue surprises of 31.46% and 0.09%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Enact Holdings, Inc. (ACT) Q3 Earnings Surpass Estimates

GAAP Net Income of $191 million , or $1.17 per diluted share Adjusted Operating Income of $191 million, or $1.17 per diluted share Return on Equity of 18.6% and Adjusted Operating Return on Equity of 18.6% Record Insurance-in-Force of $242 billion, a 9% increase year-over-year PMIERs Sufficiency of 174% or $2,249 million Book Value Per Share of $25.28 and Book Value Per Share excluding AOCI of $27.90 Announces quarterly cash dividend of $0.14 per common share

Enact Reports Third Quarter 2022 Results and Announces Quarterly Dividend

RALEIGH, N.C., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that its Board of Directors declared a special cash dividend of $183 million, or $1.12 per common share, and has authorized a $75 million share repurchase program. The special cash dividend is payable on December 6, 2022 to shareholders of record as of close of business on November 18, 2022. In support of our planned capital actions, EMICO, our primary mortgage insurance operating company, completed a distribution of $242 million to our holding company in October.

Enact Declares Special Cash Dividend of $183 Million and Initiates $75 Million Share Repurchase Program

Enact Holdings, Inc. (ACT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Enact Holdings, Inc. (ACT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Enact Holdings, Inc. (ACT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Enact Holdings, Inc. (ACT) Beat Estimates Again in Its Next Earnings Report?

RALEIGH, N.C., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced it will issue its third quarter earnings release after the market closes on November 1, 2022. Enact will host a conference call to review third quarter 2022 financial results on November 2, 2022 at 8:00 a.m. (ET).

Enact to Host Third Quarter 2022 Earnings Call November 2nd

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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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.

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