secwatch.observer — SEC 8-K summary
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Issuer:     Enact Holdings, Inc. (ACT)
CIK:        0001823529
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001823529-24-000101
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823529/000182352924000101/0001823529-24-000101-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823529/000182352924000101/act-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001823529-24-000101

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