Enact Holdings (ACT)
NASDAQ:ACT
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.19Last Year’s EPS
1.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveys a positive tone: the company reported solid profitability, strong capital and liquidity (PMIERs sufficiency 162%), robust year-over-year NIW growth, active capital returns (buybacks and a 14% dividend increase), and continued strong credit metrics and reserve discipline (Q1 reserve release of $39M). Offsetting items include a sequential dip in NIW, an increase in quarterly losses and loss ratio versus Q4, modest declines in premium rates, and some year-over-year pressure on persistency and new delinquency rates. Management emphasized disciplined pricing (Rate360), active risk management, and readiness for policy changes, leaving the company positioned to manage the highlighted risks.Company Guidance
Strong Profitability and ROE
Adjusted operating income of $172 million ($1.21 per diluted share); adjusted operating return on equity ~13% (12.9% reported by CFO), up from $1.10 per diluted share year-over-year.
Robust New Insurance Written and Year-over-Year Growth
New insurance written (NIW) of $13 billion in Q1; NIW down 11% sequentially but up 30% year-over-year, supporting business growth and market engagement.
Large Insurance-in-Force and Persistency Support
Primary insurance-in-force of $272 billion (up ~$4 billion, ~2% year-over-year); persistency remained elevated at 80% (flat sequentially), with 58% of loans in the book having rates below 6%, supporting long-term persistency.
Strong Capital, Liquidity and Shareholder Returns
PMIERs sufficiency ratio of 162% (~$1.9 billion above requirement); returned $123 million to shareholders in Q1 (buybacks + dividends); Board approved a 14% dividend increase (from $0.21 to $0.24); 2026 capital return target remains ~ $500 million.
Credit Performance and Reserve Release
Total delinquencies down 1% sequentially; new delinquencies of 13,600 (down from 13,700); cure activity strong (cures described as up 13% in prepared remarks and cure rate up 3 percentage points to 54%), driving a net reserve release of $39 million and a maintained claim rate on new delinquencies of 8%.
Investment Income and Yield Improvement
Investment income of $71 million, up $2 million sequentially (+3%) and up $8 million year-over-year (+12%); new-money investment yield ~5% and average portfolio book yield 4.5%, supporting overall income.
Expense Management
Operating expenses of $49 million and an expense ratio of 20% in Q1, down from $59 million and 24% in Q4 2025; reaffirmed full-year 2026 operating expense guidance of $215M–$220M (ex-reorg).
ACT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ACT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $42.31 | $43.06 | +1.77% |
Feb 03, 2026 | $40.13 | $43.85 | +9.28% |
Nov 05, 2025 | $35.55 | $36.36 | +2.26% |
Jul 30, 2025 | $33.87 | $34.20 | +0.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Enact Holdings (ACT) report earnings?
Enact Holdings (ACT) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Enact Holdings (ACT) earnings time?
Enact Holdings (ACT) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACT EPS forecast?
ACT EPS forecast for the fiscal quarter 2026 (Q2) is 1.19.