Enact (US:ACT) Globenewswireยท2025-07-30 20:15Core Insights - Enact Holdings, Inc. reported strong financial results for the second quarter of 2025, demonstrating resilience in its business model and consistent execution [2][4] Financial Performance - GAAP Net Income was $168 million, or $1.11 per diluted share, compared to $166 million, or $1.08 per diluted share in Q1 2025, and $184 million, or $1.16 per diluted share in Q2 2024 [3][4] - Adjusted Operating Income was $174 million, or $1.15 per diluted share, compared to $169 million, or $1.10 per diluted share in Q1 2025, and $201 million, or $1.27 per diluted share in Q2 2024 [3][4] - New Insurance Written (NIW) was approximately $13 billion, a 35% increase from Q1 2025, but slightly down from Q2 2024 [4] - Primary Insurance In-Force (IIF) reached $270 billion, a 1% increase from $268 billion in Q1 2025 and $266 billion in Q2 2024 [4] Operational Metrics - The Primary Persistency Rate was 82%, down from 84% in Q1 2025 and 83% in Q2 2024 [4] - Net Premiums Earned remained flat at $245 million compared to Q1 2025 and showed a modest increase from Q2 2024 [4] - Losses Incurred were $25 million with a Loss Ratio of 10%, compared to $31 million and 12% in Q1 2025, and $(17) million and (7)% in Q2 2024 [4] Capital and Shareholder Returns - The company increased its full-year capital return guidance to approximately $400 million [4] - A quarterly dividend of $0.21 per share was declared, payable on September 8, 2025 [4] - PMIERs Sufficiency was reported at 165%, approximately $2.0 billion above requirements [4] Investment and Financial Position - Cash and cash equivalents totaled $345 million, with $306 million in invested assets as of June 30, 2025 [4] - The company repurchased approximately 2.4 million shares at an average price of $35.45, totaling around $85 million in the quarter [4]