NASDAQ$ACT

Enact Holdings Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Enact reported strong Q4 2024 results, driven by portfolio growth and operational efficiency.

Enact Holdings reported a net income of $163 million, or $1.05 per diluted share, and an adjusted operating income of $169 million, or $1.09 per diluted share. The company's primary insurance in-force reached a record $269 billion. Enact returned over $350 million of capital to shareholders in 2024 and announced a quarterly cash dividend of $0.185 per common share.

  • Net income was $163 million, or $1.05 per diluted share.
  • Adjusted operating income was $169 million, or $1.09 per diluted share.
  • Primary insurance in-force (IIF) reached a record $269 billion, up 2% year-over-year.
  • Persistency remained elevated at 82%.

Headline financials

Total Revenue

$302M

Previous: $296M+1.9%
EPS (adj)

$1.09

Previous: $0.98+11.2%
Loss Ratio

10.0%

No prior period
Expense Ratio

24.0%

No prior period
PMIERs Sufficiency Ratio

167.0%

No prior period
GAAP Return on Equity

13.0%

No prior period
Adjusted Operating ROE

13.5%

No prior period
Book Value Per Share

$32.80

No prior period
Book Value Per Share Excl. AOCI

$34.16

No prior period
Debt to Capital Ratio

13.0%

No prior period
Capital Expenditures

$0.00

No prior period
Net Income

$163M

Previous: $157M+3.5%
Operating Income

$169M

Previous: $158M+6.6%

Revenue & EPS history

Enact · Revenue · Quarterly

$302M

Q4 2024+1.9%vs Q4 2023
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 company announced two quota share reinsurance agreements and two excess of loss reinsurance agreements, and remains focused on returning capital 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 Q4 2024

Historical avgQ4 2024

+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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