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Jun 30, 2023
Enact Q2 2023 Earnings Report
Enact's performance remained strong, marked by record insurance in force and solid earnings, driven by strong new business and favorable credit performance.
Key Takeaways
Enact Holdings reported strong second quarter 2023 results, with a net income of $168 million, or $1.04 per diluted share. The company achieved record primary insurance-in-force of $258 billion, driven by strong new business production and elevated persistency. Favorable credit performance and expense efficiency contributed to solid earnings and returns.
Net income was $168 million, or $1.04 per diluted share.
Adjusted operating income was $178 million, or $1.10 per diluted share.
New insurance written (NIW) was $15 billion.
Primary Insurance-In-Force was a record $258 billion.
Enact
Enact
Forward Guidance
The company now expects total capital returned to shareholders of $300 million for 2023.