earnings
confidence high
sentiment positive
materiality 0.75
Enact Q3 net income $181M, $1.15 EPS; record IIF $268B; announces $0.185 dividend
Enact Holdings, Inc.
2024-Q3 EPS reported
$3.31
revenue$899,998,000
- GAAP net income $181M ($1.15 diluted), vs $184M ($1.16) in Q2 2024 and $164M ($1.02) in Q3 2023.
- Adjusted operating income $182M ($1.16 diluted), down from $201M in Q2 on higher losses and lower reserve release.
- Record primary insurance in-force $268B, up 2% YoY; NIW flat at $14B but down 6% YoY on estimated lower market share.
- PMIERs sufficiency 173% ($2.19B above requirements); share repurchases $71M in Q3, $30M through Oct 31; $137M remaining authorization.
- Quarterly dividend of $0.185/share declared, payable Dec 5 to holders of record Nov 18; FY capital return expected at high end of $300-350M range.