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Enact Holdings Inc (ACT)
:ACT
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.08Last Year’s EPS
1.04Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -1.50%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in terms of record operating income, strong capital returns, and favorable credit rating upgrades, reflecting a robust financial position. However, natural disasters impacted delinquency rates, and some metrics like GAAP net income showed declines. Despite these challenges, the company's strategic execution and disciplined expense management contribute to a generally positive outlook.Company Guidance
During Enact Holdings, Inc.'s fourth-quarter earnings call for fiscal year 2024, several metrics highlighted the company's financial performance and strategic execution. Adjusted operating income reached a record high of $718 million for the year, translating to $4.56 per diluted share, a 9% increase year-over-year. The company achieved an adjusted return on equity of 15% and an adjusted book value of $34.16 per share, marking a 12% annual increase. Enact wrote $51 billion of new insurance, ending the year with an insurance-in-force record of $269 billion, supporting 140,000 families in homeownership. In the fourth quarter, adjusted operating income was $169 million with an adjusted earnings per share of $1.09 and a 13.5% adjusted return on equity. The company's strong balance sheet and strategic capital allocation resulted in a $750 million senior notes issuance and a $354 million capital return to shareholders. Operational efficiencies were evident with a 2% expense reduction, excluding restructuring costs. Additionally, Enact maintained a robust PMIERs sufficiency of 167% or $2.1 billion above requirements, further supported by reinsurance agreements to optimize capital and manage risks effectively.Record High Adjusted Operating Income
For the full year, adjusted operating income reached a new record high of $718 million or $4.56 per diluted share, up 9% year over year.
Strong Capital Returns
Returned $354 million to shareholders in 2024, above the high end of capital return guidance.
Insurance in Force Growth
Record insurance in force of $269 billion, supporting approximately 140,000 families in achieving homeownership.
Credit Rating Upgrades
S&P upgraded ratings from BBB+ to A-, and Fitch upgraded ratings from A- to A.
Expense Management
Reduced expenses by 2% excluding restructuring costs, despite inflationary pressures.
Dividend and Share Buybacks
Paid out $28 million in dividends and bought back 2.1 million shares for $74 million in Q4 2024.
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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
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ACT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $33.42 | $33.91 | +1.47% |
| Nov 06, 2024 | $33.66 | $33.10 | -1.66% |
| Jul 31, 2024 | $33.48 | $32.95 | -1.58% |
| May 01, 2024 | $29.34 | $29.33 | -0.03% |
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.
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FAQ
When does Enact Holdings Inc (ACT) report earnings?
Enact Holdings Inc (ACT) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Enact Holdings Inc (ACT) earnings time?
Enact Holdings Inc (ACT) earnings time is at Apr 30, 2025, TBA Not 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 2025 (Q1) is 1.08.
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