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Dec 31, 2024
Enact Q4 2024 Earnings Report
Enact reported strong Q4 2024 results, driven by portfolio growth and operational efficiency.
Key Takeaways
Enact Holdings reported a net income of $163 million, or $1.05 per diluted share, and an adjusted operating income of $169 million, or $1.09 per diluted share. The company's primary insurance in-force reached a record $269 billion. Enact returned over $350 million of capital to shareholders in 2024 and announced a quarterly cash dividend of $0.185 per common share.
Net income was $163 million, or $1.05 per diluted share.
Adjusted operating income was $169 million, or $1.09 per diluted share.
Primary insurance in-force (IIF) reached a record $269 billion, up 2% year-over-year.
Persistency remained elevated at 82%.
Revenue by Segment
Forward Guidance
The company announced two quota share reinsurance agreements and two excess of loss reinsurance agreements, and remains focused on returning capital to shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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