earnings
confidence high
sentiment positive
materiality 0.75
Enact Q1 net income $165M ($1.01 EPS); initiates $0.14 quarterly dividend
Enact Holdings, Inc.
2022-Q1 EPS reported
$1.01
revenue$269,588,000
- GAAP net income $165M, $1.01 diluted EPS; adjusted operating income $165M, $1.01 diluted EPS.
- Record primary insurance-in-force of $232B, up 10% YoY; NIW $19B, down 25% YoY.
- Losses incurred of -$10M (favorable reserve development); loss ratio -4% vs 22% in 1Q21.
- PMIERs sufficiency 176% ($2.26B above requirements); book value per share $24.86.
- Inaugural quarterly dividend of $0.14/share payable May 26, 2022 to holders of record May 9, 2022.