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Mar 31
Enact Q1 2025 Earnings Report
Reported First Quarter 2025 Results
Key Takeaways
Enact Holdings, Inc. reported strong results for the first quarter of 2025, with GAAP Net Income of $166 million and Adjusted Operating Income of $169 million. The company delivered diluted EPS of $1.08 and adjusted operating EPS of $1.10, maintained a strong financial position, and announced increased capital returns to shareholders.
GAAP Net Income reached $166 million, or $1.08 per diluted share.
Adjusted Operating Income was $169 million, or $1.10 per diluted share.
Primary Insurance in-force grew 2% year-over-year to $268 billion.
The company maintained a strong PMIERs Sufficiency of 165%, approximately $2.0 billion above requirements.
Enact
Enact
Enact Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.com Forward Guidance
Management expressed confidence in the company's ability to navigate an uncertain economic environment from a position of strength, reiterating commitment to strategy and stakeholder value creation. They announced a new $350 million share repurchase program and a 14% increase in the quarterly dividend.
Positive Outlook
- Well positioned to navigate an uncertain economic backdrop.
- Committed to executing against all aspects of its strategy.
- Operating from a position of robust liquidity and financial strength.
- Believes the long-term drivers of housing demand remain in place.
- Approved a new $350 million share repurchase program and increased the quarterly dividend by 14%.
Challenges Ahead
- Acknowledged an uncertain economic backdrop.