Articles from Enact Holdings, Inc.

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

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

Underscores Enact’s Strong Performance and Robust Capital Position

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).

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

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.

First Rating Assigned to Enact Re by S&P and Second Rating Since Launch Underscores Continued Strong Performance

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).

Secures approximately $90 million of excess of loss reinsurance coverage from panel of reinsurers

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., March 20, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced the release of its 2023 Environmental, Social, and Governance (ESG) Report covering the calendar year 2023.

RALEIGH, N.C., Feb. 20, 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 $0.16 per common share, payable on March 13, 2024, to shareholders of record on February 28, 2024. Future dividends will be subject to Board approval.

_______________________________________Fourth quarter GAAP Net Income of $157 million, or $0.98 per diluted shareFull year GAAP Net Income of $666 million, or $4.11 per diluted shareFourth quarter Adjusted Operating Income of $158 million, or $0.98 per diluted shareFull year Adjusted Operating Income of $676 million, or $4.18 per diluted shareFourth quarter Return on Equity of 13.8% and Adjusted Operating Return on Equity of 13.9%Full year Return on Equity of 15.2% and Adjusted Operating Return on Equity of 15.5%Record Primary insurance in-force of $263 billion, a 6% increase from fourth quarter 2022PMIERs Sufficiency of 161% or $1,887 millionReturned over $300 million of capital to shareholders in 2023Book Value Per Share of $29.07 and Book Value Per Share excluding AOCI of $30.52

Secures approximately $255 million of excess of loss reinsurance coverage from panel of reinsurers

Third S&P Upgrade Since IPO Underscores Enact’s Continued Strong Performance and Strong Capital Position

RALEIGH, N.C., Jan. 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its fourth quarter earnings release after the market closes on February 6, 2024. Enact will host a conference call to review fourth quarter 2023 financial results on February 7, 2024 at 8:00 a.m. (ET).

Secures 21% of quota share reinsurance coverage from a panel of third-party reinsurance providers

Secures $248 million of fully collateralized excess of loss insurance coverage from its Triangle Re Insurance Linked Note platform

_______________________________________GAAP Net Income of $164 million, or $1.02 per diluted shareAdjusted Operating Income of $164 million, or $1.02 per diluted shareReturn on Equity of 14.9% and Adjusted Operating Return on Equity of 14.9%Record Primary Insurance-in-Force of $262 billion, an 8% increase from third quarter 2022PMIERs Sufficiency of 162% or $2,017 millionBook Value Per Share of $27.86 and Book Value Per Share excluding AOCI of $30.36Announces quarterly cash dividend of $0.16 per common share and special cash dividend of $0.71 per common share

RALEIGH, N.C., Nov. 01, 2023 (GLOBE NEWSWIRE) --  Enact Holdings, Inc. (Nasdaq: ACT) (Enact) today announced that its Board of Directors declared a quarterly cash dividend of $26 million, or $0.16 per common share, and a special cash dividend of $113 million, or $0.71 per common share. The quarterly dividend and special cash dividend are both payable on December 5, 2023 to shareholders of record as of close of business on November 16, 2023. Future dividends will be subject to Board approval.

RALEIGH, N.C., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its third quarter earnings release after the market closes on November 1, 2023. Enact will host a conference call to review third quarter 2023 financial results on November 2, 2023 at 8:00 a.m. (ET).

RALEIGH, N.C., Aug. 15, 2023 (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 $0.16 per common share, payable on September 13, 2023, to shareholders of record on August 31, 2023. Future dividends will be subject to Board approval.

GAAP Net Income of $168 million, or $1.04 per diluted shareAdjusted Operating Income of $178 million, or $1.10 per diluted shareReturn on Equity of 15.5% and Adjusted Operating Return on Equity of 16.4%Record Primary Insurance-in-Force of $258 billion, a 9% increase from second quarter 2022PMIERs Sufficiency of 162% or $1,958 millionBook Value Per Share of $27.31 and Book Value Per Share excluding AOCI of $29.46Company now expects total capital returned to shareholders of $300 million for 2023

RALEIGH, N.C. , Aug. 01, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced its Board of Directors has approved a new share repurchase program with authorization to purchase up to $100 million of its common stock. This new authorization is in addition to the company’s current $75 million share repurchase program announced in November 2022, under which the Company repurchased approximately $71 million of shares of Enact common stock to date.

RALEIGH, N.C., July 06, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its second quarter earnings release after the market closes on August 1, 2023. Enact will host a conference call to review second quarter 2023 financial results on August 2, 2023 at 8:00 a.m. (ET).

Secures 13.125% of quota share reinsurance coverage from a panel of third-party reinsurance providers

First quarter GAAP Net Income of $176 million, or $1.08 per diluted shareFirst quarter Adjusted Operating Income of $176 million, or $1.08 per diluted shareFirst quarter Return on Equity of 16.8% and Adjusted Operating Return on Equity of 16.7%Record Primary Insurance-in-Force of $253 billion, a 9% increase from first quarter 2022PMIERs Sufficiency of 164% or $2,098 millionBook Value Per Share of $26.53 and Book Value Per Share excluding AOCI of $28.51

RALEIGH, N.C., May 01, 2023 (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 $0.16 per common share, an increase of over 14% from the prior quarter’s dividend. This quarter’s dividend will be payable on June 14, 2023 to shareholders of record on May 31, 2023. All future dividends are subject to Board approval.

Underscoring Enact’s Strong Performance and Robust Capital Position, Holding Company Achieves Investment Grade Senior Debt Rating

RALEIGH, N.C., April 11, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced the release of its inaugural 2022 Environmental, Social, and Governance (ESG) Report covering the calendar year 2022. The report marks a significant step forward in the company’s ESG journey and reflects Enact’s long-standing commitment to operating with integrity, accountability and responsibility while fulfilling our core mission to help people achieve the dream of sustainable homeownership.

RALEIGH, N.C., April 06, 2023 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on May 3, 2023. Enact will host a conference call to review first quarter 2023 financial results on May 4, 2023 at 8:00 a.m. (ET).

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.

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

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.

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

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

RALEIGH, N.C., Feb. 09, 2023 (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 $0.14 per common share, payable on March 9, 2023, to shareholders of record on February 23, 2023. Future dividends will be subject to Board approval.

Fourth quarter GAAP Net Income of $144 million, or $0.88 per diluted shareFull year GAAP Net Income of $704 million, or $4.31 per diluted shareFourth quarter Adjusted Operating Income of $147 million, or $0.90 per diluted shareFull year Adjusted Operating Income of $708 million, or $4.34 per diluted shareFourth 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-yearPMIERs Sufficiency of 165% or $2,050 millionReturned over $250 million of capital to shareholders in 2022Book Value Per Share of $25.19 and Book Value Per Share excluding AOCI of $27.54

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.

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.

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).

GAAP Net Income of $191 million, or $1.17 per diluted shareAdjusted Operating Income of $191 million, or $1.17 per diluted shareReturn 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-yearPMIERs Sufficiency of 174% or $2,249 millionBook Value Per Share of $25.28 and Book Value Per Share excluding AOCI of $27.90Announces quarterly cash dividend of $0.14 per common share

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.

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).