Loading...
•
Jun 30, 2022
Enact Q2 2022 Earnings Report
Reported strong second quarter results driven by disciplined growth and a resilient business model.
Key Takeaways
Enact Holdings reported a strong second quarter with a net income of $205 million, or $1.25 per diluted share, and an adjusted operating income of $205 million, or $1.26 per diluted share. The company's Insurance-In-Force reached a record $238 billion, a 9% increase year-over-year, and persistency improved to 80%.
Net income for the second quarter of 2022 was $205 million, or $1.25 per diluted share.
New insurance written (NIW) was $17 billion.
Primary Insurance-In-Force was $238 billion, up 9% compared to the second quarter of 2021.
Persistency for the second quarter of 2022 was 80%.
Enact
Enact
Enact Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.com Forward Guidance
While economic uncertainty has increased and mortgage rates have come off historically low levels, overall market conditions and the longer-term drivers of demand remain constructive, and we believe we are well positioned to execute on our strategy in a dynamic environment. Going forward, we remain committed to our goal of increasing the accessibility and affordability of home ownership and to driving value creation for all stakeholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income