NASDAQ$ACT

Enact Holdings Inc · Q1 2025 earnings

Q1 2025 earnings · · After market close · Investor relations

Briefing

Enact Holdings reported Q1 2025 revenue of $306.8M, net income of $165.8M.

For Q1 2025, Enact Holdings reported Revenue was $306.8M, net income was $165.8M. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $306.8M for Q1 2025.
  • Net income $165.8M.
  • MD&A highlights operating priorities, liquidity, and sector risks.

Headline financials

Total Revenue

$307M

Previous: $292M+5.2%
EPS (adj)

$1.10

Previous: $1.04+5.8%
New Insurance Written (NIW)

$10B

No prior period
Primary Insurance In-Force (IIF)

$268B

No prior period
Primary Persistency Rate

84.0%

No prior period
Loss Ratio

12.0%

No prior period
Expense Ratio

21.0%

No prior period
PMIERs Sufficiency Amount

$1.97B

No prior period
PMIERs Sufficiency Ratio

165.0%

No prior period
GAAP Return on Equity

13.1%

No prior period
Adjusted Operating ROE

13.4%

No prior period
Book Value Per Share

$33.96

No prior period
Book Value Per Share Excl. AOCI

$34.97

No prior period
Debt to Capital Ratio

13.0%

No prior period
Net Income

$166M

Previous: $161M+3.0%
Operating Income

$169M

No prior period

Revenue & EPS history

Enact · Revenue · Quarterly

$307M

Q1 2025+5.2%vs Q1 2024
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

Enact · $278M total across 2 segments · Q4 2022

  • Premiums
    $233M-1.8%
  • Net Investment Income
    $44.9M+28.3%

Forward guidance

Insurance and mortgage insurers cite underwriting, spreads, and investment income.

Tailwinds

  • Premium or policy growth and pricing discipline.
  • Investment portfolio yields and capital returns.

Headwinds

  • Catastrophe or credit losses and rate volatility.
  • Reserve or investment mark volatility.

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 2025

Historical avgQ1 2025

+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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