Enact Holdings Inc ( (ACT) ) has released its Q2 earnings. Here is a breakdown of the information Enact Holdings Inc presented to its investors.
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Enact Holdings, Inc., headquartered in Raleigh, North Carolina, is a leading provider of private mortgage insurance in the United States, committed to helping individuals achieve homeownership through strategic partnerships with lenders.
In its second quarter of 2025 earnings report, Enact Holdings announced a quarterly dividend of $0.21 per share and reported a GAAP net income of $168 million, or $1.11 per diluted share. The company also highlighted its adjusted operating income of $174 million, or $1.15 per diluted share, and a return on equity of 13.0%.
Key financial metrics for the quarter included a primary insurance in-force of $270 billion, a 1% increase from the previous year, and a PMIERs sufficiency of 165%, equating to approximately $2.0 billion. Net premiums earned remained steady at $245 million, while losses incurred were $25 million, resulting in a loss ratio of 10%. Enact also reported an increase in net investment income to $66 million, driven by elevated interest rates and higher average invested assets.
Looking ahead, Enact Holdings remains confident in the fundamentals of the housing market and its ability to deliver long-term value to stakeholders. The company anticipates a total capital return of approximately $400 million for 2025, subject to business performance, market conditions, and regulatory approvals.