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Jun 30, 2025
Enact Q2 2025 Earnings Report
Enact reported its second quarter 2025 financial results, highlighting strong net income and adjusted operating income, alongside an increase in primary insurance in-force and robust capital returns.
Key Takeaways
Enact delivered strong second quarter 2025 results with GAAP Net Income of $168 million and Adjusted Operating Income of $174 million. The company maintained a robust PMIERs sufficiency of 165% and increased its full-year capital return guidance to approximately $400 million, demonstrating resilience and consistent execution in an evolving market.
GAAP Net Income reached $168 million, or $1.11 per diluted share, showing a slight increase from the previous quarter but a decrease from the prior year.
Adjusted Operating Income was $174 million, or $1.15 per diluted share, indicating strong operational performance.
Primary Insurance in-force grew to $270 billion, a 1% increase from the second quarter of 2024, reflecting continued business growth.
The company maintained a strong capital position with PMIERs Sufficiency at 165% and increased its full-year capital return guidance to approximately $400 million.
Revenue by Segment
Forward Guidance
Enact increased its full-year 2025 capital return guidance to approximately $400 million, demonstrating confidence in future performance and commitment to shareholder returns.
Positive Outlook
- Increased full-year capital return guidance to approximately $400 million.
- Board declared a quarterly dividend of $0.21 per share.
- Completed a $250 million share repurchase authorization.
- Approximately $262 million remaining on a $350 million repurchase authorization.
- Confidence in the fundamentals of the housing market.
Challenges Ahead
- Final amount and form of capital returned to shareholders will depend on business performance.
- Final amount and form of capital returned to shareholders will depend on market conditions.
- Final amount and form of capital returned to shareholders will depend on regulatory approvals.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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