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Sep 30, 2024
Enact Q3 2024 Earnings Report
Enact reported strong results driven by effective strategies and careful management.
Key Takeaways
Enact Holdings reported a net income of $181 million, or $1.15 per diluted share, and an adjusted operating income of $182 million, or $1.16 per diluted share. The company's insurance-in-force reached a new peak, and strong bottom-line performance fueled the ability to deliver for policyholders, invest in the business, and return capital to shareholders.
Net income was $181 million, or $1.15 per diluted share.
Adjusted operating income was $182 million, or $1.16 per diluted share.
New insurance written (NIW) was approximately $14 billion.
Primary insurance in-force was a record $268 billion.
Revenue by Segment
Forward Guidance
Enact anticipates full year capital return at the higher end of its previously announced range of between $300 and $350 million, the final amount and form of capital returned to shareholders will ultimately depend on business performance, market conditions, and regulatory approvals.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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