8-K
filed February 6, 2023, 6:59 PM ET
ticker ACT
CIK 0001823529
earnings
confidence high
sentiment positive
materiality 0.80
Enact Q4 net income $144M ($0.88/diluted); record insurance-in-force $248B; returned $250M capital in 2022
Enact Holdings, Inc.
2022-FY EPS reported
$4.31
revenue$1,095,046,000
- Q4 GAAP net income $144M ($0.88 diluted EPS); full year $704M ($4.31); adjusted operating income $147M ($0.90).
- Primary insurance-in-force record $248B (+10% YoY); persistency 86% vs 69% a year ago.
- PMIERs sufficiency 165% ($2,050M above requirement); $75M share repurchase authorized, $8M executed through Jan 31.
- New insurance written $15B, down 29% YoY due to higher mortgage rates; loss ratio 8% vs 3% a year ago.
- Returned over $250M capital to shareholders in 2022, including special dividend of $1.12/share.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Enact Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $939, net income $704, EPS $4.31.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $939
- Net income
- $704
- EPS
- $4.31
- Result
- reported results
Exact text from the filing
Net Income (loss) $144 $191 $154 $704 $547 Diluted Net Income (loss) per share $0.88 $1.17 $0.94 $4.31 $3.36 Adjusted Operating Income (loss) $147 $191 $154 $708 $551 Adj. Diluted Operating Income (loss) per share $0.90 $1.17 $0.94 $4.34 $3.38 NIW ($B) $15 $15 $21 $66 $97 Primary IIF ($B) $248 $242 $227 Persistency 86 % 82 % 69 % 80 % 62 % Net Premiums Earned $233 $235 $237 $939 $975
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Enact Holdings, Inc. reported the quarter ended December 31, 2022 results: revenue $233, net income $144, EPS $0.88.
- Period
- the quarter ended December 31, 2022
- Revenue
- $233
- Net income
- $144
- EPS
- $0.88
- Result
- reported results
Exact text from the filing
Net Income (loss) $144 $191 $154 $704 $547 Diluted Net Income (loss) per share $0.88 $1.17 $0.94 $4.31 $3.36 Adjusted Operating Income (loss) $147 $191 $154 $708 $551 Adj. Diluted Operating Income (loss) per share $0.90 $1.17 $0.94 $4.34 $3.38 NIW ($B) $15 $15 $21 $66 $97 Primary IIF ($B) $248 $242 $227 Persistency 86 % 82 % 69 % 80 % 62 % Net Premiums Earned $233 $235 $237 $939 $975
View on SEC.gov
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