Enact Holdings, Inc. reported a total revenue of $317.3 million for the second quarter of 2026, marking a 4% increase from $304.9 million in the same period last year. The company's net income for the quarter was $174.8 million, or $1.25 per diluted share, compared to $167.8 million, or $1.11 per diluted share, in the prior year. For the first half of 2026, Enact's total revenue reached $629.4 million, up 3% from $611.7 million in the first half of 2025, with net income increasing to $342.6 million from $333.6 million year-over-year.

The company experienced a slight decline in premiums, which totaled $244.7 million for the second quarter, down from $245.3 million in the previous year. However, net investment income rose by 11% to $73.2 million, driven by higher yields and increased average invested assets. Enact also reported a significant reduction in net investment losses, which improved to a loss of $2.2 million from a loss of $7.3 million in the prior year. The loss ratio for the quarter was 14%, up from 10% in the same quarter last year, reflecting an increase in losses incurred.

Operationally, Enact's new insurance written (NIW) for the second quarter of 2026 was $15.2 billion, a 15% increase compared to $13.3 billion in the same quarter of 2025. The primary persistency rate was 80%, down from 82% year-over-year. The company reported a total of 940,648 primary policies in force, a decrease from 952,795 in the previous year, while the number of delinquent loans rose to 24,330 from 22,118. The company’s risk-to-capital ratio remained stable at 9.9:1, well below the regulatory maximum of 25:1.

In terms of strategic developments, Enact has continued to focus on its share repurchase program, having repurchased approximately 2.2 million shares at an average price of $42.58 per share during the second quarter. The company also announced an increase in its quarterly dividend from $0.21 to $0.24 per share, reflecting its commitment to returning capital to shareholders. Looking ahead, Enact anticipates continued challenges in the housing market due to macroeconomic factors, including inflation and elevated mortgage rates, but remains optimistic about its operational strategies and market positioning.

About Enact Holdings, Inc.

Enact Holdings, Inc. is a leading private mortgage insurance provider in the U.S., supporting the housing finance system since 1981. It offers primary and pool mortgage insurance to protect lenders and investors against losses on low down payment loans, facilitating secondary market sales. The company serves a diverse customer base, leveraging advanced risk modeling, reinsurance strategies, and technology to deliver competitive, risk-adjusted solutions.

This description was generated via AI from an annual report. Updated about 1 year ago.

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