NASDAQ$ACT

Enact Holdings Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Enact Holdings reported Q3 2025 revenue of $311.5M, net income of $163.5M.

For Q3 2025, Enact Holdings reported Revenue was $311.5M, net income was $163.5M. The filing discusses operating performance, liquidity, and outlook in MD&A.

  • Revenue $311.5M for Q3 2025.
  • Net income $163.5M.
  • MD&A covers liquidity, capital allocation, and sector-specific risks.

Headline financials

Total Revenue

$311M

Previous: $310M+0.6%
EPS (adj)

$1.12

Previous: $1.16-3.4%
New Insurance Written (NIW)

$14B

Previous: $14B+0.0%
Primary Insurance In-Force (IIF)

$272B

Previous: $268B+1.5%
Primary Persistency Rate

83.0%

Previous: 83.0%+0.0%
Loss Ratio

15.0%

Previous: 5.0%+200.0%
Expense Ratio

22.0%

Previous: 22.0%+0.0%
PMIERs Sufficiency Amount

$1.9B

Previous: $2.19B-13.1%
PMIERs Sufficiency Ratio

162.0%

Previous: 173.0%-6.4%
GAAP Return on Equity

12.4%

Previous: 14.7%-15.6%
Adjusted Operating ROE

12.6%

Previous: 14.8%-14.9%
Book Value Per Share

$36.53

Previous: $32.61+12.0%
Book Value Per Share Excl. AOCI

$36.82

Previous: $33.27+10.7%
Debt to Capital Ratio

12.0%

Previous: 13.0%-7.7%
Net Income

$163M

Previous: $181M-9.7%
Operating Income

$166M

Previous: $182M-9.0%

Revenue & EPS history

Enact · Revenue · Quarterly

$311M

Q3 2025+0.6%vs Q3 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

The 10-Q discusses operating priorities, liquidity, and risks; formal multi-year guidance varies by issuer.

Tailwinds

  • Management outlines strategic priorities and capital allocation.
  • Segment or product commentary supports the investment narrative.

Headwinds

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

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 2025

Historical avgQ3 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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