NASDAQ$ACT

Enact Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced first quarter 2022 financial results.

Enact Holdings reported a strong first quarter in 2022, with a net income of $165 million, or $1.01 per diluted share, and record insurance in force of $232 billion.

  • Net income for the first quarter of 2022 was $165 million, or $1.01 per diluted share.
  • Adjusted net operating income for the first quarter of 2022 was $165 million, or $1.01 per diluted share.
  • New insurance written (NIW) was $19 billion.
  • Primary Insurance-In-Force was $232 billion, up 10% compared to the first quarter of 2021.

Headline financials

Total Revenue

$270M

Previous: $289M-6.6%
EPS (adj)

$1.01

Previous: $0.77+31.2%
New Insurance Written (NIW)

$19B

Previous: $25B-24.0%
Primary Persistency Rate

76.0%

Previous: 56.0%+35.7%
Net Income

$165M

Previous: $125M+31.9%
Operating Income

$165M

No prior period
Gross Profit

$173K

Previous: $289M-99.9%
Cash & Equivalents

$440M

Previous: $431M+2.0%
Total Assets

$5.79B

No prior period
Stock-Based Comp

$2.72M

No prior period

Revenue & EPS history

Enact · Revenue · Quarterly

$270M

Q1 2022-6.6%vs Q1 2021
Beat estimate in 4 of 6 quarters(67%)
ActualEstimate

Revenue by segment

Enact · $269M total across 2 segments · Q1 2022

  • Premiums
    $234M
  • Net Investment Income
    $35.1M

Forward guidance

Enact is well positioned to navigate current market dynamics, enabling continued growth and value creation for all of its shareholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

+1.0%

Avg return

5 days after

+1.8%

Avg return

30 days after

61%

14 / 23 earnings

Positive

+8.9%

Q4 2025

Best reaction

-8.3%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.3%+1.3%-1.3%
Q4 2025+8.9%+5.1%+2.8%
Q3 2025+2.2%+4.7%+5.7%
Q2 2025+1.0%+4.3%+9.4%
Q1 2025+2.2%+1.3%-1.1%
Q4 2024+1.5%+1.0%+1.4%
Q3 2024+2.1%+5.2%+7.0%
Q1 2024+0.9%+5.3%+3.3%
Q4 2023-4.6%-2.1%+3.2%
Q3 2023+1.2%+1.4%+1.2%
Q2 2023+3.6%+6.6%+5.4%
Q1 2023-7.7%-0.8%+4.9%
Q4 2022-8.3%-3.0%-2.4%
Q3 2022+1.8%+0.4%-3.3%
Q2 2021+4.5%+3.9%-1.0%
Q2 2022+7.9%+12.8%+6.2%
Q1 2021-4.4%-8.9%+2.4%
Q1 2022+5.8%+1.2%+7.1%
Q4 2020-5.1%-4.7%+6.1%
Q4 2019-5.1%-4.7%+6.1%
Q4 2021-1.1%-3.8%-5.6%
Q3 2020-0.6%-3.9%-9.4%
Q3 2021+1.1%+0.6%-7.5%
Q2 2020
Q1 2020
Q3 2019
Q2 2019
Q1 2019
Q1 2015
Q4 2014

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