Welcome to our dedicated page for Enact Holdings news (Ticker: $ACT), a resource for investors and traders seeking the latest updates and insights on Enact Holdings stock.
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Enact Holdings, Inc. (Nasdaq: ACT) reported strong financial results for Q1 2024, with a GAAP Net Income of $161 million and Adjusted Operating Income of $166 million. The company achieved a Return on Equity of 13.8% and a record Primary insurance in-force of $264 billion. Enact also highlighted its capital allocation strategy and commitment to shareholders through dividends and share repurchases.
Genworth Financial, Inc. (NYSE: GNW) reported strong Q1 2024 results with net income of $139M, or $0.31 per diluted share. Enact had a solid quarter with adjusted operating income of $135M and announced a new share repurchase program. CareScout expanded its Quality Network. The company repurchased $63M in shares, increased its dividend, and maintained a strong financial position.
Enact Holdings, a leading provider of private mortgage insurance, announced a 16% increase in its quarterly dividend to $0.185 per common share. The company also introduced a new $250 million share repurchase program, in addition to its existing $100 million program. The decision reflects Enact's strong financial position and commitment to creating long-term value for shareholders.
