Enact Stock News

GAAP Net Income of $163 million , or $1.05 per diluted share Adjusted Operating Income of $169 million , or $1.09 per diluted share Return 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 2023 PMIERs Sufficiency of 167% or $2,052 million Book Value Per Share of $32.80 and Book Value Per Shar...

Secures approximately $225 million and $260 million of excess of loss reinsurance coverage from a panel of third-party reinsurance providers Secures approximately $225 million and $260 million of excess of loss reinsurance coverage from a panel of third-party reinsurance providers

RALEIGH, N.C., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that Fitch Ratings (“Fitch”) upgraded the insurance financial strength rating for our flagship insurance subsidiary, Enact Mortgage Insurance Corporation, to A from A-.

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).

Radian Group stock has tripled since 2020 but is now facing decline due to high mortgage rates and low affordable home supply. The private mortgage insurance industry faces significant headwinds, including an aging homebuyer demographic, high mortgage rates, and decreasing home affordability.

Secures 27% of forward quota share reinsurance coverage from a panel of third-party reinsurance providers Secures 27% of forward quota share reinsurance coverage from a panel of third-party reinsurance providers

Enact Holdings, Inc. (NASDAQ:ACT ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Daniel Kohl - Vice President, Finance & Investor Relations Rohit Gupta - President & Chief Executive Officer Dean Mitchell - Chief Financial Officer & Treasurer Conference Call Participants Doug Harter - UBS Mihir Bhatia - Bank of America Bose George - KBW Richard Shane - JPMorga...

GAAP Net Income of $181 million, or $1.15 per diluted share Adjusted Operating Income of $182 million, or $1.16 per diluted share Return 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 2023 PMIERs Sufficiency of 173% or $2,190 million Book Value Per Share of $32.61 and Book Value Per Share ex...