NASDAQ$ACT

Enact Holdings Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced third quarter 2021 financial results, demonstrating strong financial and operational performance.

Enact Holdings reported a net income of $137 million, or $0.84 per diluted share, and an adjusted net operating income of $137 million, or $0.84 per diluted share, marking a strong quarter since the pandemic's onset.

  • Net income for the third quarter of 2021 was $137 million, or $0.84 per diluted share.
  • Adjusted net operating income for the third quarter of 2021 was $137 million, or $0.84 per diluted share.
  • New insurance written was $24.0 billion, down 10% compared to the second quarter of 2021.
  • Primary Insurance-in-force was $222 billion, up 2% compared to the second quarter of 2021.

Headline financials

Total Revenue

$280M

Previous: $821M-65.9%
EPS (adj)

$0.84

Previous: $1.71-50.9%
New Insurance Written (NIW)

$24B

Previous: $26.6B-9.8%
Primary Insurance In-Force (IIF)

$222B

Previous: $203B+9.4%
Primary Persistency Rate

65.0%

Previous: 59.0%+10.2%
Net Income

$137M

Previous: $138M-0.7%
Operating Income

$137M

No prior period
Gross Profit

$280M

Previous: $284M-1.4%
Cash & Equivalents

$452M

Previous: $557M-18.9%
Total Assets

$5.99B

No prior period
Stock-Based Comp

$221K

No prior period

Revenue & EPS history

Enact · Revenue · Quarterly

$280M

Q3 2021-65.9%vs Q3 2020
Beat estimate in 4 of 6 quarters(67%)
ActualEstimate

Revenue by segment

Enact · $279M total across 2 segments · Q3 2021

  • Premiums
    $243M-3.2%
  • Net Investment Income
    $36M+9.1%

Forward guidance

Enact continues to assess economic and business conditions, including the resolution of forbearance related delinquencies, in support of a fourth quarter dividend to 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 Q3 2021

Historical avgQ3 2021

+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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