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Enact Holdings Inc ACT

Enact Holdings, Inc. is a private mortgage insurance company. The Company operates principally through its wholly owned subsidiary, Enact Mortgage Insurance Corporation. It is engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust or other instruments constituting a first lien on residential real estate. It facilitates the sale of mortgages to the secondary market, including to private investors, as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). It has a diverse customer base and maintains enduring relationships across the mortgage origination market, including with national banks, non-bank mortgage lenders, local mortgage bankers, community banks and credit unions.


NDAQ:ACT - Post by User

Enact Holdings Inc
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Post by Betteryear2on May 01, 2024 4:45pm
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Post# 36018212

Enact Reports First Quarter 2024 Results

Enact Reports First Quarter 2024 Results

GAAP Net Income of $161 million, or $1.01 per diluted share
Adjusted Operating Income of $166 million, or $1.04 per diluted share
Return on Equity of 13.8% and Adjusted Operating Return on Equity of 14.2%
Record Primary insurance in-force of $264 billion, a 4% increase from first quarter 2023
PMIERs Sufficiency of 163% or $1,883 million
Book Value Per Share of $29.89 and Book Value Per Share excluding AOCI of $31.40

RALEIGH, N.C., May 01, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the first quarter of 2024.

Enact Reports First Quarter 2024 Results (globenewswire.com)

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