earnings
confidence high
sentiment positive
materiality 0.75
Enact Q2 2024 net income $184M ($1.16 EPS); adjusted operating income $201M ($1.27 EPS); dividend raised to $0.185
Enact Holdings, Inc.
2024-Q2 EPS reported
$2.16
revenue$590,410,000
- Net income $184M, up 10% vs Q2 2023; diluted EPS $1.16 vs $1.04 YoY.
- Adjusted operating income $201M ($1.27 EPS) vs $178M ($1.10 EPS) YoY.
- Record primary insurance-in-force $266B (+3% YoY); NIW $14B, up 29% from Q1 2024.
- PMIERs sufficiency 169% ($2,057M above requirement); new $250M buyback authorized, $226M remaining.
- Quarterly dividend increased to $0.185/share from $0.16, payable Sept 9, 2024.