Loading...
•
Dec 31, 2025
Enact Q4 2025 Earnings Report
Enact reported strong fourth quarter and full year 2025 results, driven by disciplined execution, resilient credit performance, and a continued focus on long-term value creation.
Key Takeaways
Enact Holdings, Inc. announced a strong fourth quarter and full year 2025, with GAAP Net Income of $177 million and Adjusted Operating Income of $179 million. The company returned over $500 million of capital to shareholders in 2025 and maintained a robust PMIERs Sufficiency of 162%.
GAAP Net Income for Q4 2025 was $177 million, or $1.22 per diluted share, an increase from $163 million in Q3 2025 and Q4 2024.
Adjusted Operating Income for Q4 2025 was $179 million, or $1.23 per diluted share, up from $166 million in Q3 2025 and $169 million in Q4 2024.
The company returned $503 million to shareholders in 2025, including $121 million in quarterly dividends and $382 million in share repurchases.
PMIERs Sufficiency remained strong at 162%, or approximately $1.9 billion above requirements, consistent with the third quarter of 2025.
Revenue by Segment
Forward Guidance
Enact is confident in its ability to execute and capitalize on future opportunities, despite ongoing affordability pressures and interest rate volatility shaping housing activity.
Positive Outlook
- The company announced an excess of loss reinsurance agreement providing approximately $170 million of coverage for the 2027 book year.
- S&P upgraded the financial strength rating outlook for EMICO, EHI, and Enact Re to positive.
- The Board of Directors approved a new share repurchase program of up to $500 million.
- A quarterly dividend of $0.21 per share was approved, payable on March 19, 2026.
- EMICO completed a dividend of approximately $150 million in Q4, bolstering financial flexibility and supporting capital return.
Challenges Ahead
- Affordability pressures continue to shape housing activity.
- Interest rate volatility continues to shape housing activity.
- Persistency remained elevated at 80%, down from 83% in Q3 2025 and 82% in Q4 2024.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...