secwatch.observer — SEC 8-K summary
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Issuer:     Enact Holdings, Inc. (ACT)
CIK:        0001823529
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001823529-22-000203
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enact Q3 net income $191M ($1.17/sh), declares special dividend $1.12/sh and $75M buyback
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- GAAP net income $191M ($1.17 diluted EPS) vs $205M in Q2 and $137M in Q3 2021.
- Net premiums earned $235M, down 1% QoQ and 3% YoY; loss ratio (17)% from favorable reserve development.
- Record insurance-in-force of $242B (+9% YoY); persistency 82% (up from 65% YoY).
- Board declared special cash dividend of $183M ($1.12/sh) payable Dec 6 to Nov 18 record holders; authorized $75M share repurchase.
- PMIERs sufficiency 174% ($2,249M above requirements); Moody's upgraded IFSR to Baa1, stable outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823529/000182352922000203/0001823529-22-000203-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823529/000182352922000203/enactholdingsincearningsre.htm
  HTML page:      https://secwatch.observer/filing/0001823529-22-000203

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