Enact Q2 GAAP EPS $1.04, adj EPS $1.10; record $258B IIF; ups 2023 capital return to $300M

Enact Holdings, Inc.

2023-Q2 EPS reported $2.11 revenue$558,461,000

GAAP net income $168M ($1.04/diluted); adjusted operating income $178M ($1.10/diluted).
Primary insurance-in-force record $258B, up 9% YoY; persistency 84%, NIW $15B.
Loss ratio of (2)% due to $63M reserve release; delinquency rate improved to 1.86%.
New $100M share repurchase authorization added to $75M program; dividend raised to $0.16/share.
Launched Enact Re, Bermuda reinsurer; Fitch upgraded EMICO to A- and senior debt to BBB-.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Enact Holdings, Inc. reported quarter ended June 30, 2023 results: net income Net income was $168 million, EPS $1.04 per diluted share.

Period: quarter ended June 30, 2023
Net income: Net income was $168 million
EPS: $1.04 per diluted share
Result: reported results

Exact text from the filing

On August 1, 2023, Enact Holdings, Inc. (the “Company”) issued (1) a press release announcing its financial results for the quarter ended June 30, 2023

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Enact Holdings, Inc. reported second quarter of 2023 results: net income Adjusted Operating Income of $178 million, EPS $1.10 per diluted share.

Period: second quarter of 2023
Net income: Adjusted Operating Income of $178 million
EPS: $1.10 per diluted share
Result: reported results

Exact text from the filing

ENACT REPORTS SECOND QUARTER 2023 RESULTS _______________________________________ GAAP Net Income of $168 million, or $1.04 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Enact Holdings, Inc. reported second quarter of 2023 results: net income Adjusted Operating Income of $178 million, EPS $1.10 per diluted share.

Period: second quarter of 2023
Net income: Adjusted Operating Income of $178 million
EPS: $1.10 per diluted share
Result: reported results

Exact text from the filing

ENACT REPORTS SECOND QUARTER 2023 RESULTS _______________________________________ GAAP Net Income of $168 million, or $1.04 per diluted share Adjusted Operating Income of $178 million, or $1.10 per diluted share

View on SEC.gov

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Enact Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001823529-23-000154

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