Earnings Releases·Nov 4, 2026, 4:22 PM ET

Enact Holdings — Third Quarter 2026 Earnings Summary

GAAP net income declined to $159 million ($1.15/share) from $175 million ($1.25/share) in Q2 2026 and $163 million ($1.10/share) in Q3 2025, driven by higher ceded premiums and a 20% loss ratio compared to 14% and 15% in prior periods.
Full-year 2026 capital return guidance was increased to approximately $600 million, while full-year operating expense guidance was adjusted to the lower end of the $205 million to $210 million range.
The company returned capital through a $0.24 quarterly dividend, $118 million in share repurchases during the quarter, and a $200 million dividend from EMICO to EHI, with $200 million remaining under the $500 million repurchase authorization.
New insurance written totaled $14 billion, down 7% sequentially and flat year-over-year due to lower refinance activity, while primary persistency improved to 81% from 80% in Q2 2026.
AM Best upgraded financial strength ratings for EMICO and EMIC-NC to A and issuer rating for EHI to bbb, and a quota share agreement was announced to cede approximately 35% of a portion of the 2028 book year.