Enact Holdings, Inc. (ACT) Form 8-K — Nov 4, 2026
Enact Holdings (Nasdaq: ACT) reported 3Q26 GAAP net income of $159 million, or $1.15 per diluted share, with adjusted operating income of $164 million ($1.19). EPS grew from $1.10 a year ago but declined sequentially from $1.25, and the loss ratio rose to 20% from 14% in 2Q26 on seasonal new delinquencies. The company raised its full-year 2026 capital return guidance to approximately $600 million, declared a $0.24 quarterly dividend payable December 17, 2026, and repurchased ~2.4 million shares for ~$118 million in the quarter, leaving ~$200 million on the $500 million authorization.
Key figures
- Eps
- 1.15
- Revenue
- 312854000
- Guidance
- Operating expense guidance adjusted to lower end of $205-210 million range; total 2026 capital return now anticipated at approximately $600 million
- Net Income
- 158909000
- Total Debt
- 745616000
- Total Assets
- 6790989000
- Cash Position
- $286 million cash and cash equivalents plus $427 million invested assets at Enact Holdings (combined $504.6M consolidated cash)
- Shares Outstanding
- 138294000
- Niw
- $14 billion (flat YoY, down 7% QoQ)
- Roe
- 12.0%
- Buyback q3
- ~2.4 million shares at avg $48.19 (~$118 million); $200 million remaining of $500M authorization
- Loss ratio
- 20% (vs 14% in 2Q26, 15% in 3Q25)
- Persistency
- 81%
- Primary iif
- $275 billion (+1% YoY)
- Expense ratio
- 21%
- Dividend per share
- $0.24
- Pmiers sufficiency
- 158% / ~$1.8 billion above requirements
- Book value per share
- $38.30 ($40.47 ex-AOCI)
- Emico dividend to ehi
- $200 million
- Net investment income
- $74 million
- Adjusted operating roe
- 12.4%
- Primary delinquency rate
- 2.79%
- Adjusted operating income
- $164 million ($1.19 diluted per share)
AI analysis
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