earnings
confidence high
sentiment positive
materiality 0.80
Enact Q3 net income $164M ($1.02/sh); declares $0.71 special dividend
Enact Holdings, Inc.
2023-Q3 EPS reported
$3.13
revenue$857,496,000
- Net income $164M, diluted EPS $1.02; adjusted operating income also $164M ($1.02).
- Record primary insurance-in-force $262B, up 8% YoY; persistency 84%; loss ratio 7%.
- Quarterly dividend $0.16/sh and special dividend $0.71/sh, both payable Dec 5, 2023.
- PMIERs sufficiency 162% ($2,017M above requirements); annualized ROE 14.9%.
- Year-to-date share repurchases $78M; guiding to return $300M to shareholders in 2023.