earnings
confidence high
sentiment positive
materiality 0.70
Enact Q3 GAAP net income $137M, EPS $0.84; PMIERs sufficiency record 181%
Enact Holdings, Inc.
2021-Q3 EPS reported
$2.41
revenue$845,013,000
- GAAP net income $137M ($0.84 diluted EPS); adjusted net operating income $137M ($0.84 diluted EPS).
- Net premiums earned $243M, down 3% YoY; loss ratio improved to 14% from 18% YoY.
- New insurance written $24.0B, down 10% sequentially; primary insurance-in-force $222B (+10% YoY).
- PMIERs sufficiency hit record $2,287M (181% coverage); loans in default fell to 3.1% from 5.4% YoY.
- Company intends to recommend $200M dividend in Q4 2021, pending board approval.