First Quarter 2025 Financial Results April 30, 2025 Cautionary Note Regarding Forward-Looking Statements This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements may address, among other things, our expected financial and operational results, the related assumptions underlying our expected results and the quotations of management. These forward-looking statements are distinguished by use of words such as "wi ...

Financial Performance - GAAP net income for Q1 2025 was $166 million, or $1.08 per diluted share, compared to $163 million, or $1.05 per diluted share in Q4 2024, and $161 million, or $1.01 per diluted share in Q1 2024[1][6] - Adjusted operating income was $169 million, or $1.10 per diluted share, consistent with Q4 2024 and up from $166 million, or $1.04 per diluted share in Q1 2024[1][6] - Net income for Q1 2025 was $165,778,000, representing a 2.5% increase from $162,738,000 in Q4 2024 and a 3.4% increase from $160,988,000 in Q1 2024[19] - Adjusted Operating Income for Q1 2025 was $168,837,000, slightly up from $168,725,000 in Q4 2024 and $166,235,000 in Q1 2024[19] Revenue and Premiums - Total revenues for Q1 2025 increased to $306,776,000, up 1.0% from $301,776,000 in Q4 2024 and 5.2% from $291,576,000 in Q1 2024[19] - Net premiums earned were $245 million, up 2% from $241 million in Q1 2024, and relatively flat from $246 million in Q4 2024[1][6] - New insurance written (NIW) was approximately $10 billion, down 26% from Q4 2024 and down 7% from Q1 2024[1][6] Losses and Ratios - Losses incurred were $31 million with a loss ratio of 12%, compared to $24 million and 10% in Q4 2024, and $20 million and 8% in Q1 2024[1][6] - The loss ratio for Q1 2025 was 12%, up from 10% in Q4 2024 and 8% in Q1 2024[19] - The expense ratio improved to 21% in Q1 2025, down from 24% in Q4 2024 and up from 22% in Q1 2024[19] Expenses and Shareholder Returns - Operating expenses were $53 million with an expense ratio of 21%, down from $58 million and 24% in Q4 2024[1][6] - The Board of Directors declared a 14% increase in the quarterly dividend from $0.185 to $0.21 per common share, payable on June 11, 2025[1][14] - The company repurchased approximately 2.0 million shares at an average price of $33.38 for a total of approximately $66 million in the quarter[1][14] Assets and Liabilities - Total assets rose to $6,721,520,000 in Q1 2025, up from $6,521,531,000 in Q4 2024 and $6,303,683,000 in Q1 2024[20] - Total liabilities increased to $1,602,113,000 in Q1 2025, compared to $1,525,435,000 in Q4 2024 and $1,589,919,000 in Q1 2024[20] Investment Income and Capital Structure - The company’s net investment income for Q1 2025 was $63,037,000, an increase from $62,624,000 in Q4 2024 and $57,111,000 in Q1 2024[19] - The company reported a Debt to Capital Ratio of 13% for Q1 2025, consistent with Q4 2024 and down from 14% in Q1 2024[20] Book Value - Book value per share increased to $33.96 in Q1 2025, compared to $32.80 in Q4 2024 and $29.89 in Q1 2024[20] Insurance In-Force - Primary insurance in-force (IIF) was $268 billion, a 2% increase from $264 billion in Q1 2024, and relatively flat from $269 billion in Q4 2024[1][6] PMIERs Sufficiency - PMIERs sufficiency was 165%, approximately $2.0 billion above the PMIERs requirements, compared to 167% in Q4 2024[1][7]

Core Insights - Enact Holdings, Inc. reported a strong financial performance for the first quarter of 2025, with net income of $166 million, or $1.08 per diluted share, reflecting a year-over-year increase [1][4] - The company emphasized its commitment to prudent underwriting, expense discipline, and returning capital to shareholders, positioning itself well amid economic uncertainties [2] Financial Performance - Net income for Q1 2025 was $166 million, up from $163 million in Q4 2024 and $161 million in Q1 2024 [3][4] - Adjusted operating income remained stable at $169 million, with adjusted diluted earnings per share at $1.10, compared to $1.09 in Q4 2024 and $1.04 in Q1 2024 [3][4] - New insurance written (NIW) was approximately $10 billion, a decrease of 26% from Q4 2024 and 7% from Q1 2024, attributed to seasonality and lower market share [4][9] Key Ratios and Metrics - Return on Equity (ROE) was reported at 13.1%, with an adjusted operating ROE of 13.4%, showing slight declines from the previous quarters [3][9] - The loss ratio increased to 12% from 10% in Q4 2024 and 8% in Q1 2024, driven by lower reserve releases [9][22] - The expense ratio improved to 21% from 24% in Q4 2024, indicating better expense management [9][22] Capital and Liquidity - PMIERs sufficiency was reported at 165%, approximately $2.0 billion above requirements, down from 167% in Q4 2024 [9][22] - The company held $356 million in cash and cash equivalents, with total assets amounting to $6.72 billion as of March 31, 2025 [9][21] - Enact repurchased approximately 2.0 million shares for about $66 million during the quarter and announced a new share repurchase program of up to $350 million [9][22] Dividends and Shareholder Returns - A quarterly dividend of $0.185 per share was paid, with a subsequent increase to $0.21 per share announced for the next quarter [9][22] - The company completed a $200 million dividend from its subsidiary EMICO to enhance capital return capabilities [9][22]

Core Points - Enact Holdings, Inc. declared a quarterly dividend of $0.21 per common share, marking a 14% increase from the previous quarter [1] - The company authorized a new share repurchase program allowing for the purchase of up to $350 million of its common stock, in addition to the remaining $6 million from the existing $250 million program [2][3] - The CEO emphasized the commitment to shareholder value through the increased dividend and share repurchase program, highlighting a consistent annual dividend increase since inception [3] Dividend and Share Repurchase - The new quarterly dividend will be payable on June 11, 2025, to shareholders of record on May 19, 2025 [1] - The share repurchase program will utilize various methods, including open market purchases and privately negotiated transactions, and may be executed under specific trading plans [3] - The timing and amount of share repurchases will be opportunistic, influenced by factors such as share price and market conditions [4] Company Overview - Enact Holdings, Inc. operates primarily through its subsidiary, Enact Mortgage Insurance Corporation, and is a leading private mortgage insurance provider in the U.S. [5] - The company aims to support homeownership by partnering with lenders to provide exceptional service and risk management [5]

Wall Street expects a year-over-year increase in earnings on higher revenues when Enact Holdings, Inc. (ACT) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 30, 2025, might help the stock move higher if these key numbers are better th ...

RALEIGH, N.C., April 10, 2025 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (NASDAQ:ACT) (Enact) announced it will issue its first quarter earnings release after the market closes on April 30, 2025. Enact will host a conference call to review first quarter 2025 financial results on May 1, 2025 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 ...

Core Points - Enact Holdings Inc. will replace SolarWinds Corp. in the S&P SmallCap 600 effective April 16, 2025 [1] - The acquisition of SolarWinds by Turn/River Capital is expected to close soon, pending final conditions [1] Summary by Category Index Changes - Enact Holdings will be added to the S&P SmallCap 600 under the Financials sector [1] - SolarWinds will be deleted from the S&P SmallCap 600 under the Information Technology sector [1] Company Actions - The effective date for these changes is prior to the opening of trading on April 16, 2025 [1] - The acquisition deal for SolarWinds is in progress and awaiting final closing conditions [1]

LEBANON, Tenn., April 08, 2025 (GLOBE NEWSWIRE) -- Tritium, a global leader in direct current (DC) fast chargers for electric vehicles (EVs), today announced that it will unveil a revolutionary next-generation DC fast charging architecture at this year's ACT Expo conference in Anaheim, Calif. on April 28, 2025. This groundbreaking architecture significantly enhances Tritium's current shared power model, creating a more efficient and powerful pool of shared power that will redefine industry standards. "We're ...

Company Overview - Enact Holdings, Inc. is a leading U.S. private mortgage insurance provider, operating primarily through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981 [5] - The company is headquartered in Raleigh, North Carolina, and is committed to helping more people achieve homeownership through partnerships with lenders [5] Sustainability Report Highlights - Enact released its 2024 Sustainability Report, which covers the calendar year 2024 and emphasizes the company's commitment to sustainability [1][2] - The report showcases Enact's transparency regarding its sustainability initiatives, including third-party risk management, professional development programs, and Hurricane Helene relief response [2] - The President and CEO of Enact, Rohit Gupta, stated that the company's growth and profitability are linked to its focus on sustainability, highlighting the progress made in various areas [3] Stakeholder Engagement - The sustainability pillars and priorities outlined in the report are identified as critical to Enact's long-term success by both internal and external stakeholders [2] - The report aims to provide insights into how Enact is building stronger communities through homeownership, philanthropy, and volunteerism [3] Availability of Report - The 2024 Sustainability Report is accessible on Enact's Investor Relations website [3]

Group 1 - Enact Holdings, Inc. (ACT) is currently ranked 2 (Buy) in the Zacks Rank system, indicating a positive earnings outlook with a 2.2% increase in the consensus estimate for full-year earnings over the past three months [3] - Year-to-date, Enact Holdings, Inc. has gained approximately 1.6%, outperforming the average loss of 1.3% in the Finance sector [4] - Enact Holdings, Inc. belongs to the Insurance - Multi line industry, which is ranked 55 in the Zacks Industry Rank, with an average gain of 0.6% this year [5] Group 2 - Erie Indemnity (ERIE), another stock in the Finance sector, has a year-to-date return of 1.5% and also holds a Zacks Rank of 2 (Buy) [4][5] - The Insurance - Brokerage industry, which includes Erie Indemnity, has seen a significant increase of 9.2% since the beginning of the year, but it is ranked 141 [6]