secwatch.observer — SEC 8-K summary
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Issuer:     Enact Holdings, Inc. (ACT)
CIK:        0001823529
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001823529-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Enact Q4 GAAP EPS $0.98, full year $4.11; record IIF $263B; returns >$300M to shareholders
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- Net income $157M ($0.98/sh) in Q4 vs $164M Q3; full year $666M ($4.11/sh). Adjusted operating income $158M ($0.98/sh).
- Record primary IIF $263B (+6% YoY). NIW $10B down 27% sequentially and 31% YoY due to smaller mortgage market.
- Loss ratio 10% (up from 7% Q3) on higher delinquencies; delinquency rate 2.10% vs 1.97% Q3.
- Returned >$300M to shareholders in 2023 via dividends and $88M in share repurchases; $82M remains on buyback.
- S&P upgraded EMICO to A- (from BBB+). New 2024 quota share cedes ~21% of expected NIW; executed first Australia reinsurance deal.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823529/000182352924000005/0001823529-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823529/000182352924000005/act-20240206.htm
  HTML page:      https://secwatch.observer/filing/0001823529-24-000005

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