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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%.
Enact
Enact
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.