secwatch.observer — SEC 8-K summary
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Issuer:     Enact Holdings, Inc. (ACT)
CIK:        0001823529
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001823529-23-000085
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enact Q1 net income $176M ($1.08 EPS); record IIF $253B; dividend raised to $0.16
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- GAAP net income $176M ($1.08 diluted EPS) vs $144M prior quarter and $165M prior year; adjusted operating income $176M.
- Record primary insurance-in-force $253B (+9% YoY); persistency 85%; NIW $13B (down 30% YoY due to higher rates).
- Delinquency rate improved to 1.93% from 2.40% YoY; loss ratio -5% due to $70M reserve release from COVID cures.
- Quarterly dividend increased 14% to $0.16/share from $0.14, payable June 14; share repurchases $32M YTD.
- Credit ratings upgraded (S&P BBB+, Moody's A3, Fitch A-); PMIERs sufficiency 164% ($2.1B above requirement).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823529/000182352923000085/0001823529-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823529/000182352923000085/act-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001823529-23-000085

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