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Dec 31, 2022
Enact Q4 2022 Earnings Report
Announced fourth quarter 2022 financial results, demonstrating a strong year-end performance.
Key Takeaways
Enact Holdings reported a net income of $144 million for the fourth quarter of 2022, with an adjusted operating income of $147 million. The company's Primary Insurance-In-Force reached a record $248 billion, and the persistency rate increased to 86%.
Net income was $144 million, or $0.88 per diluted share.
Adjusted operating income was $147 million, or $0.90 per diluted share.
New insurance written (NIW) was $15 billion.
Primary Insurance-In-Force was $248 billion, up 10% year-over-year.
Enact
Enact
Enact Revenue by Segment
Revenue by Segment
Net Premiums Earned Revenue
CapyFin.comNet Investment Income Revenue
CapyFin.com Forward Guidance
Enact believes they are well positioned to navigate the current environment with a resilient portfolio, a strong balance sheet, and significant credit risk protection.
Revenue & Expenses
Visualization of income flow from segment revenue to net income