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Enact Holdings, Inc. (ACT) provides essential mortgage insurance services that stabilize the U.S. housing market by transferring credit risk from lenders. This page serves as your definitive source for official company announcements and market-moving developments.
Access curated updates including earnings reports, regulatory filings, and strategic initiatives that demonstrate ACT's underwriting expertise. Investors gain critical insights into risk management practices influencing the residential mortgage sector.
Discover press releases about leadership changes, product innovations, and partnerships that shape ACT's position in housing finance. All content is verified for accuracy, helping stakeholders make informed decisions without promotional bias.
Bookmark this page for streamlined access to ACT's evolving role in mortgage guaranty insurance. Check regularly for updates that matter to lenders, investors, and housing market participants.
Enact Holdings (ACT) reported strong Q4 and full-year 2024 results, with GAAP net income of $163 million ($1.05 per diluted share) and adjusted operating income of $169 million ($1.09 per diluted share) for Q4. The company achieved a 13.0% return on equity and 13.5% adjusted operating return on equity.
Key highlights include record primary insurance in-force of $269 billion, representing a 2% increase from Q4 2023, and PMIERs sufficiency of 167% ($2,052 million). New insurance written (NIW) was $13 billion in Q4, down 2% quarterly but up 27% year-over-year.
The company demonstrated strong capital management, returning over $350 million to shareholders in 2024 through dividends and share repurchases. A quarterly dividend of $0.185 per common share was announced.
Enact Holdings (Nasdaq: ACT) has secured two significant excess of loss (XOL) reinsurance transactions through its subsidiary Enact Mortgage Insurance The company obtained approximately $225 million and $260 million in reinsurance coverage from highly-rated reinsurance providers.
The coverage applies to expected new insurance written for the 2025 book year (January 1 - December 31, 2025) and 2026 book year (January 1 - December 31, 2026), effective from their respective start dates. All participating reinsurers maintain strong credit ratings of 'A-' or better from S&P or A.M. Best, or 'A3' or better from Moody's.
These credit risk transfer (CRT) transactions demonstrate Enact's commitment to proactive credit risk management and financial strength enhancement.
Enact Holdings (Nasdaq: ACT) has received significant ratings upgrades from Fitch Ratings, demonstrating the company's strong financial performance and capital position. Fitch has upgraded the insurance financial strength rating of Enact Mortgage Insurance to A from A-, and elevated Enact's senior debt rating to BBB from BBB-. Both ratings maintain a stable outlook.
CEO Rohit Gupta emphasized that these upgrades reflect the company's success in strengthening its financial foundation and executing strategic priorities while maintaining effective risk management. The company remains committed to its strategy of supporting partners and creating stakeholder value.
Enact Holdings (Nasdaq: ACT) has scheduled its fourth quarter 2024 earnings release for February 4, 2025, after market close. The company will host a conference call to discuss the financial results on February 5, 2025, at 8:00 a.m. ET.
The earnings release, summary presentation, and financial supplement will be accessible through Enact's investor relations website. Participants wanting to join the Q&A session must pre-register to receive a dial-in number and PIN. A live webcast will be available for those who wish to listen without asking questions, and the recording will be archived on the company's website for one year.
Genworth Financial (NYSE: GNW) has scheduled its fourth quarter 2024 earnings release for February 18, 2025, after market close, followed by a conference call on February 19, 2025, at 9:00 a.m. ET. The earnings release, summary presentation, and financial supplement will be available on the company's investor website.
Investors can access the conference call via telephone (888-208-1820 or 323-794-2110 for international calls) using conference ID #5461958, or through webcast registration at the investor website. Additionally, Enact Holdings, Genworth's publicly traded subsidiary, will hold its Q4 earnings call on February 5, 2025, at 8:00 a.m. ET.
Enact Holdings (Nasdaq: ACT) announced that its subsidiary, Enact Mortgage Insurance , has secured two new quota share reinsurance agreements. Under these arrangements, the company will cede approximately 27% of portions of expected new insurance written for two periods: January 1-December 31, 2025, and January 1-December 31, 2026. The agreements were made with a panel of highly-rated reinsurers, demonstrating the company's commitment to risk management and capital optimization while supporting customer service in the mortgage insurance sector.
Genworth Financial (NYSE: GNW) reported Q3 2024 net income of $85M ($0.19 per diluted share) and adjusted operating income of $48M ($0.11 per diluted share). Key highlights include $124M in gross incremental premium approvals for long-term care, expansion of CareScout Quality Network to 49 states, and $36M in share repurchases. Enact reported strong performance with adjusted operating income of $148M and distributed $81M in capital returns to Genworth. The company's holding company cash and liquid assets stood at $369M, while the U.S. life insurance companies maintained an RBC ratio of 317%.
Enact Holdings reported strong Q3 2024 financial results with GAAP Net Income of $181 million ($1.15 per diluted share) and Adjusted Operating Income of $182 million ($1.16 per diluted share). The company achieved a Return on Equity of 14.7% and reached a record Primary insurance in-force of $268 billion, representing a 2% increase from Q3 2023. The company maintained strong capital position with PMIERs Sufficiency of 173% ($2,190 million). Net premiums earned increased to $249 million, up 2% from previous quarter. The company announced a quarterly cash dividend of $0.185 per common share.
Genworth Financial (NYSE: GNW) has announced its schedule for releasing third quarter results and hosting an earnings conference call. The company will release its earnings report after market close on November 6, 2024, followed by a conference call on November 7, 2024, at 9:00 a.m. (ET) to discuss the results. Investors can access the earnings release, summary presentation, and financial supplement through Genworth's investor website.
The conference call will be accessible via telephone and internet. The dial-in number is 888-208-1820 or 323-794-2110 (outside the U.S.) with conference ID #1689846. Participants can also join the webcast by registering at the investor website. Additionally, Genworth's publicly traded subsidiary, Enact Holdings, Inc. (Nasdaq: ACT), will hold its own conference call on November 7, 2024, at 8:00 a.m. (ET) to discuss its third-quarter results.
Enact Holdings, Inc. (Nasdaq: ACT) has announced its plans to release third quarter 2024 earnings after market close on November 6, 2024. The company will host a conference call to discuss these financial results on November 7, 2024 at 8:00 a.m. ET. Interested participants can pre-register for the call's live Q&A session to obtain a dial-in number and unique PIN. A live webcast of the event will also be available on Enact's investor relations website for those who wish to join without asking questions.
The earnings release, summary presentation, and financial supplement will be accessible through Enact's website at https://ir.enactmi.com/ upon their release to the public. It is recommended to join the call at least 15 minutes in advance, although registration and dialing in can be done at any time during the call. The webcast will be archived on the company's website for one year following the event.
