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Mar 31, 2023
Enact Q1 2023 Earnings Report
Enact reported a strong start to the year, marked by record insurance in force and profitable new business, while prudently managing risk and driving cost efficiency.
Key Takeaways
Enact Holdings, Inc. announced strong first quarter 2023 results with a net income of $176 million, or $1.08 per diluted share. The company achieved a record primary insurance-in-force of $253 billion, driven by new insurance written and elevated persistency.
Net income was $176 million, or $1.08 per diluted share.
Adjusted operating income was $176 million, or $1.08 per diluted share.
New insurance written (NIW) was $13 billion.
Primary Insurance-In-Force was a record $253 billion.
Enact
Enact
Forward Guidance
Enact is well positioned with a strong balance sheet and financial flexibility, and remains focused on the continued execution of its cycle-tested growth strategy as it navigates the current market.