NASDAQ$ACT

Enact Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Enact Holdings reported Q2 2025 revenue of $304.9M, net income of $167.8M, diluted EPS of $1.11.

For Q2 2025, Enact Holdings reported Revenue was $304.9M, net income was $167.8M, diluted EPS was $1.11. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $304.9M for Q2 2025.
  • Net income $167.8M.
  • Diluted EPS $1.11.

Headline financials

Total Revenue

$305M

Previous: $299M+2.0%
EPS (adj)

$1.11

Previous: $1.17-5.1%
New insurance written

13.0B

Previous: 13.6B-4.5%
Primary Insurance In-Force (IIF)

$270B

No prior period
Persistency rate

82.0%

Previous: 83.0%-1.2%
Loss ratio

10.0%

Previous: -7.0%+242.9%
Expense ratio

22.0%

Previous: 23.0%-4.3%
PMIERs Sufficiency Amount

$1.96B

No prior period
PMIERs sufficiency ratio

165.0%

Previous: 169.0%-2.4%
GAAP Return on Equity

13.0%

No prior period
Adjusted Operating ROE

13.4%

No prior period
Book Value Per Share

$35.20

No prior period
Book Value Per Share Excl. AOCI

$35.90

No prior period
Debt to Capital Ratio

12.0%

No prior period
Net Income

$168M

Previous: $184M-8.6%
Operating Income

$174M

Previous: $235M-25.9%

Revenue & EPS history

Enact · Revenue · Quarterly

$305M

Q2 2025+2%vs Q2 2024
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

Enact · $299M total across 4 segments · Q2 2024

  • Premiums
    $245M
  • Net investment income
    $59.8M
  • Other income
    $2.21M
  • Net investment gains (losses)
    -$7.71M

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 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
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro