Enact Holdings Inc · Q3 2022 earnings

Briefing

Reported strong results in a dynamic environment, executing against all aspects of their cycle-tested growth strategy.

Enact Holdings, Inc. reported a net income of $191 million, or $1.17 per diluted share, and adjusted operating income of $191 million, or $1.17 per diluted share. The company's Insurance-In-Force reached a record $242 billion, a 9% increase year-over-year. The Board of Directors has declared a quarterly dividend of $0.14 per common share.

• Net income was $191 million, or $1.17 per diluted share.
• Adjusted operating income was $191 million, or $1.17 per diluted share.
• New insurance written (NIW) was $15 billion.
• Primary Insurance-In-Force was $242 billion, up 9% year-over-year.

Headline financials

Revenue & EPS history

While several factors are creating uncertainty in the housing market in the near-term, we believe the longer-term drivers of demand remain in place, and the strength of our portfolio, balance sheet, and cash flows position us well to prudently navigate the current market environment while continuing to successfully pursue our long-term growth strategy, and drive value creation for all stakeholders.