secwatch.observer — SEC 8-K summary
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Issuer:     Enact Holdings, Inc. (ACT)
CIK:        0001823529
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001823529-23-000154
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823529/000182352923000154/0001823529-23-000154-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823529/000182352923000154/act-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001823529-23-000154

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer