Enact Reports Third Quarter 2026 Results; Announces $0.24 Quarterly Dividend
Enact reported 3Q26 GAAP net income of $159 million ($1.15 diluted EPS) and adjusted operating income of $164 million ($1.19), with ROE of 12.0% and adjusted operating ROE of 12.4%. Credit metrics deteriorated: the loss ratio rose to 20% from 14% sequentially as losses hit $47 million, and NIW of $14 billion was down 7% QoQ on lower refinance activity, though primary IIF grew ~1% YoY to $275 billion. The board declared a $0.24 quarterly dividend and Enact raised full-year 2026 capital return guidance to approximately $600 million; the company repurchased $118 million of stock in the quarter with ~$200 million left on the $500 million authorization.
Key figures
- Eps
- 1.15
- Revenue
- $312.9M
- Guidance
- Full-year 2026 capital return raised to approximately $600 million; operating expense guidance adjusted to lower end of $205-210 million range
- Niw
- $14 billion
- Roe
- 12.0%
- Loss ratio
- 20%
- Net income
- 159000000
- Primary iif
- $275 billion
- Adjusted eps
- 1.19
- Expense ratio
- 21%
- Buyback quarter
- $118 million (2.4M shares at $48.19 avg)
- Persistency rate
- 81%
- Dividend per share
- 0.24
- Pmiers sufficiency
- 158% (~$1.8 billion excess)
- Bvps excluding aoci
- 40.47
- Book value per share
- 38.3
- Net investment income
- 74000000
- Adjusted operating roe
- 12.4%
- Adjusted operating income
- 164000000
AI analysis
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