Loading...
•
Sep 30, 2023
Enact Q3 2023 Earnings Report
Enact's Q3 2023 financial results were announced, demonstrating strong performance driven by record insurance in force, higher investment income, and expense discipline.
Key Takeaways
Enact reported a net income of $164 million, or $1.02 per diluted share, and an adjusted operating income of $164 million, or $1.02 per diluted share. The company achieved a record primary insurance-in-force of $262 billion, an 8% increase from the previous year, and maintained a PMIERs sufficiency of 162%.
Net income was $164 million, or $1.02 per diluted share.
Adjusted operating income was $164 million, or $1.02 per diluted share.
Primary Insurance-In-Force reached a record $262 billion, up 8% year-over-year.
Persistency was 84%, increasing from 82% in the third quarter of 2022.
Enact
Enact
Forward Guidance
Enact is committed to returning $300 million to shareholders by year-end, with future dividends subject to Board approval.