Enact Q1 net income $161M ($1.01 EPS); board authorizes $250M buyback and 16% dividend hike

Enact Holdings, Inc.

2024-Q1 EPS reported $1.01 revenue$291,576,000

Q1 net income $161M ($1.01 diluted EPS); adjusted operating income $166M ($1.04).
Record primary insurance-in-force $264B (+4% YoY); NIW $11B; loss ratio 8%.
PMIERs sufficiency 163% ($1,883M above requirements); S&P upgraded EMICO to A-.
Dividend increased 16% to $0.185/share payable June 13, 2024 to holders of record May 29.
New $250M share repurchase authorization; $24M remains on existing $100M program.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Enact Holdings, Inc. reported first quarter of 2024 results: net income $161 million, or $1.01 per diluted share, EPS $1.04 per diluted share.

Period: first quarter of 2024
Net income: $161 million, or $1.01 per diluted share
EPS: $1.04 per diluted share
Result: reported results

Exact text from the filing

Net income was $161 million, or $1.01 per diluted share, compared with $157 million, or $0.98 per diluted share, for the fourth quarter of 2023 and $176 million, or $1.08 per diluted share, for the first quarter of 2023. Adjusted operating income was $166 million, or $1.04 per diluted share

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Enact Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001823529-24-000101

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