NASDAQ$ACT
Enact Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · After market close · Investor relations
Briefing
Enact Holdings Inc reported strong Q2 2024 results with net income growth driven by higher premiums and investment income.
Enact Holdings Inc achieved total revenues of $298.8 million in Q2 2024, up 8% year-over-year, primarily from premium growth and net investment income. Net income rose 9% to $183.7 million, supported by favorable reserve releases and a low loss ratio. The company maintained a strong PMIERs sufficiency ratio of 169% and returned capital through dividends and share repurchases.
- New insurance written totaled $13.6 billion, with primary insurance in-force reaching $266.1 billion.
- Loss ratio improved to (7)% due to $77 million in favorable reserve development.
- PMIERs available assets of $5,024 million exceeded net required assets by $2,057 million.
- Returned $29 million in dividends and repurchased $48.6 million of common stock in the quarter.
Headline financials
Revenue & EPS history
Enact · Revenue · Quarterly
$299M
Revenue by segment
Enact · $299M total across 4 segments · Q2 2024
- Premiums$245M—81.8%
- Net investment income$59.8M—20.0%
- Other income$2.21M—0.7%
- Net investment gains (losses)-$7.71M—-2.6%
Forward guidance
Management expects continued premium growth from in-force expansion and favorable macroeconomic trends supporting housing.
Tailwinds
- Strong capital position enabling shareholder returns
- Favorable loss development trends
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| 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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