Enact Holdings Earnings Call Transcripts
Fiscal Year 2026
-
Second quarter results showed strong adjusted operating income, robust credit performance, and disciplined expense management. Capital return guidance for 2026 was raised to $550–$600 million, supported by a resilient balance sheet and continued innovation.
-
The meeting highlighted strong 2025 financial results, including $674 million net income and over $500 million returned to shareholders. All board proposals passed, and strategic initiatives such as advanced pricing technology and expanded credit facilities were emphasized.
-
Strong Q1 2026 results featured $172M adjusted operating income, robust credit performance, and elevated persistency, with $123M returned to shareholders and a 14% dividend increase. Guidance for 2026 remains unchanged, supported by a strong capital position.
Fiscal Year 2025
-
Q4 2025 saw strong adjusted operating income and robust credit performance, with record insurance in force and over $500 million returned to shareholders. 2026 guidance includes $500 million in capital returns and stable expense management, supported by favorable market and credit trends.
-
Strong Q3 results featured $166M adjusted operating income, robust credit performance, and a 25% increase in 2025 capital return guidance to $500M. Expense management and technology investments support long-term growth amid a dynamic housing market.
-
Second quarter results showed strong credit performance, stable insurance in force, and robust capital returns, with adjusted EPS at $1.15 and a 13%+ ROE. Capital return guidance for 2025 was raised to $400 million amid ongoing macroeconomic uncertainty and resilient borrower performance.
-
Strong Q1 2025 results with adjusted EPS up 6% year-over-year and robust credit performance. New $350M share repurchase and 14% dividend increase announced, with capital returns and expense guidance reaffirmed for 2025.
Fiscal Year 2024
-
Record adjusted operating income and strong credit performance drove robust 2024 results, with $354 million returned to shareholders and ratings upgrades from S&P and Fitch. Guidance for 2025 remains optimistic, with stable premium rates and disciplined capital allocation.
-
Q3 2024 saw strong financial results with adjusted operating income up 11% year-over-year, robust capital and credit performance, and $100M returned to shareholders. Persistency and insurance in-force reached record levels, while prudent expense and risk management supported continued growth.
-
Q2 2024 saw strong financial results with record insurance in force, robust credit quality, and increased capital return guidance to $300–$350 million for 2024. Persistency remains high, expenses are well managed, and the company continues to invest in growth and efficiency.
-
The conference highlighted robust financial performance, industry resilience post-2008 reforms, and strong capital management. Growth is driven by favorable demographics, high persistency, and rising home equity, while strategic use of reinsurance and disciplined capital allocation support long-term value.