Enact Holdings, Inc. (NASDAQ:ACT) Q2 2022 Earnings Conference Call August 2, 2022 8:00 AM ET Company Participants Daniel Kohl – Vice President of Investor Relations Rohit Gupta – President and Chief Executive Officer Dean Mitchell – Chief Financial Officer and Treasurer Conference Call Participants Mihir Bhatia – Bank of America John Kilichowski – Credit Suisse Tommy McJoynt – KBW Geoffrey Dunn – Dowling & Partners Rick Shane – JPMorgan Ryan Gilbert – BTIG Operator Good morning, and welcome to the Enact Sec ...

Enact Holdings, Inc. (NASDAQ:ACT) Q1 2022 Earnings Conference Call May 4, 2022 8:00 AM ET Company Participants Daniel Kohl - Vice President of Investor Relations Rohit Gupta - President and Chief Executive Officer Dean Mitchell - Chief Financial Officer and Treasurer Michael Derstine - Chief Risk Officer Conference Call Participants Rick Shane - JPMorgan Doug Harter - Credit Suisse Bose George - KBW Geoffrey Dunn - Dowling & Partners Mihir Bhatia - Bank of America Ryan Gilbert - BTIG Operator Hello, and wel ...

Enact Holdings, Inc. (NASDAQ:ACT) Q4 2021 Earnings Conference Call February 2, 2022 8:00 AM ET Company Participants Daniel Kohl - Vice President of Investor Relations Rohit Gupta - President and Chief Executive Officer Dean Mitchell - Chief Financial Officer and Treasurer Conference Call Participants Doug Harter - Credit Suisse Bose George - KBW Geoffrey Dunn - Dowling & Partners Mihir Bhatia - Bank of America Rick Shane - JP Morgan Ryan Gilbert - BTIG Disclaimer*: This transcript is designed to be used alo ...

Financial Performance - Enact's Primary New Insurance Written (NIW) decreased by 10% compared to both the prior quarter and the prior year, reflecting a smaller private mortgage insurance market[48] - Premiums remained flat compared to the previous quarter but decreased year-over-year due to lower single premium policy cancellations, the lapse of older, higher-priced policies, and increased ceded premiums[48] - The primary delinquency rate decreased for the fifth consecutive quarter to 3.1%[61] - The investment portfolio had unrealized gains of $170 million in 3Q21, down from $203 million in 2Q21[70] Market Dynamics - 92% of 3Q21 Year-to-Date (YTD) NIW came from customers who have submitted loans to Enact every year since 2016[6] - Purchase mortgage applications are growing, driving the MI market size[17] - First-time home buyer (FTHB) activity has outpaced overall residential home sales since 2016, with favorable demographics expected to continue[20] Capital and Risk Management - Enact's Risk-To-Capital (RTC) ratio remained strong at 11.8 in 3Q21, consistent with 2Q21 and above regulatory requirements[64] - The company anticipates recommending a $200 million dividend in 2021, contingent on positive economic and business conditions and the resolution of forbearance-related delinquencies[67] - 97% of the investment portfolio is investment grade[70] Portfolio Characteristics - Persistency improved sequentially to 65% as market conditions normalized[45] - Single product concentration declined to 13% of Enact's portfolio[49] - Approximately 56% of current period cures were from forbearance exits[61]

Enact Holdings, Inc. (NASDAQ:ACT) Q3 2021 Earnings Conference Call November 3, 2021 8:00 AM ET Company Participants Daniel Kohl - Vice President of Investor Relations Rohit Gupta - President and Chief Executive Officer Dean Mitchell - Chief Financial Officer and Treasurer Conference Call Participants Rick Shane - JP Morgan Bose George - KBW Doug Harter - Credit Suisse Geoffrey Dunn - Dowling & Partners Ryan Nash - Goldman Sachs Ryan Gilbert - BTIG Mihir Bhatia - Bank of America Arren Cyganovich - Citi Discl ...