Enact Holdings, Inc. (ACT) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.05%. A quarter ago, it was expected that this company would post earnings of $0.90 per share when it actually produced earnings of $0.98, delivering a surprise of 8.89%.Over the last four quarters, the compan ...

Exhibit 99.1 ENACT REPORTS FIRST QUARTER 2024 RESULTS _______________________________________ GAAP Net Income of $161 million, or $1.01 per diluted share Adjusted Operating Income of $166 million, or $1.04 per diluted share Return on Equity of 13.8% and Adjusted Operating Return on Equity of 14.2% Record Primary insurance in-force of $264 billion, a 4% increase from first quarter 2023 PMIERs Sufficiency of 163% or $1,883 million Book Value Per Share of $29.89 and Book Value Per Share excluding AOCI of $31.4 ...

RALEIGH, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that its Board of Directors declared a quarterly dividend of $0.185 per common share, an increase of 16% from the prior quarter's dividend. This dividend will be payable on June 13, 2024, to shareholders of record on May 29, 2024. Future dividends will be subject to Board approval. Additionally, Enact announced that its ...

Investors are always looking for stocks that are poised to beat at earnings season and Enact Holdings, Inc. (ACT) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Enact Holdings is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty ...

Root, Inc. (ROOT) is slated to report first-quarter 2024 earnings on Apr 30, after market close. The company delivered an earnings surprise of 34.1% in the last reported quarter.Factors at PlayThe first-quarter performance of Root, an auto insurer with a focus on the personal line, is likely to have benefited from better pricing and underwriting technology as well as prudent cost management. Its reinsurance strategy, driving higher retention and reduction in reinsurance costs, is likely to have added to the ...

Core Viewpoint - American International Group, Inc. (AIG) is expected to report its first-quarter 2024 results on May 1, with earnings per share estimated at $1.66, reflecting a 1.8% increase from the previous year, while revenues are projected to decline by 2.7% to around $12 billion [1][2]. Earnings Estimates - The Zacks Consensus Estimate for AIG's first-quarter earnings per share is $1.66, down by 2 cents from the previous week, indicating a 1.8% increase from $1.63 reported in the same quarter last year [2]. - Revenue estimates for the first quarter are around $12 billion, suggesting a decline of 2.7% from the prior year's figure [2]. Previous Quarter Performance - In the last reported quarter, AIG's adjusted operating earnings were $1.79 per share, exceeding estimates by 12.6%, driven by strong underwriting results and higher net investment income, although offset by increased expenses and reduced sales in certain segments [3]. Factors Influencing Q1 Performance - The General Insurance business is expected to benefit from improved retention, new business, and growth in premium rates, with adjusted pre-tax income estimated at $1.3 billion, a rise of over 4% from the previous year [4]. - The combined ratio for total General Insurance is projected at 90.7%, down from 91.9% in the prior year [4]. Life and Retirement Business - AIG remains the majority shareholder in Corebridge, with adjusted pre-tax income for the Life and Retirement business estimated at $996.2 million, indicating a nearly 12% increase year-over-year [5]. - Net investment income is expected to rise by 7.1% from the previous year, supported by improved reinvestment rates [5]. Expense Considerations - General operating and other expenses are projected to increase by over 17% year-over-year, with interest expenses expected to exceed $310 million, which may impact profit growth [6]. Earnings Prediction Insights - AIG's Earnings ESP is -0.49%, indicating a lower Most Accurate Estimate of $1.65 per share compared to the Zacks Consensus Estimate of $1.66, suggesting uncertainty regarding an earnings beat [7].

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Enact Holdings, Inc. (ACT) , which belongs to the Zacks Insurance - Multi line industry, could be a great candidate to consider.This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 13.75%.For the most recent quarter, ...

With a number of insurance stocks currently holding spots on the Zacks Rank #1 (Strong Buy) list, the Zacks Insurance-Multi Line Industry stands out in particular and is in the top 16% of over 250 Zacks industries.Offering a variety of insurance products and services to their clients, earnings estimate revisions are nicely up across this industry and here are a few of the top stocks to consider.Assured Guaranty (AGO) Protecting holders of debt instruments and other monetary obligations from defaults in sche ...

RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on May 1, 2024. Enact will host a conference call to review first quarter 2024 financial results on May 2, 2024 at 8:00 a.m. (ET). Enact’s earnings release, summary presentation and financial supplement will be available through the company's website, https://ir.enactmi.com/, at the time of their release to the public. Participants in ...

RALEIGH, N.C., April 04, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on May 1, 2024. Enact will host a conference call to review first quarter 2024 financial results on May 2, 2024 at 8:00 a.m. (ET). Enact's earnings release, summary presentation and financial supplement will be available through the company's website, https://ir.enactmi.com/, at the time of their release to the public. Participants int ...