Quarterly ResultMay 5, 2026, 04:22 PM
Enact Q1 Net Income $168M, Adj. Op. Income $172M; Dividend +14%
AI Summary
Enact Holdings, Inc. announced strong financial results for the first quarter of 2026, with GAAP Net Income of $168 million and Adjusted Operating Income of $172 million. The company's President and CEO, Rohit Gupta, highlighted disciplined execution and resilient credit performance despite housing market volatility. Enact also increased its quarterly dividend by 14% to $0.24 per share and repurchased approximately $93 million in shares during the quarter, demonstrating a continued focus on returning capital to shareholders.
Key Highlights
- GAAP Net Income was $168 million, or $1.18 per diluted share, up from $166 million in 1Q25.
- Adjusted Operating Income was $172 million, or $1.21 per diluted share, up from $169 million in 1Q25.
- Quarterly dividend increased by 14% to $0.24 per common share.
- Repurchased approximately 2.3 million shares for $93 million in Q1 2026.
- Primary Insurance in-force (IIF) was $272 billion, a 2% year-over-year increase.
- PMIERs Sufficiency was 162%, approximately $1.9 billion above requirements.
- New insurance written (NIW) was $13 billion, up 30% from 1Q25.
- Loss ratio was 15%, compared to 12% in 1Q25.