Enact Holdings, Inc. Stock Price, News & Analysis

Genworth Financial (NYSE: GNW) will release its Q3 2025 earnings after market close on November 5, 2025 and host an earnings conference call on November 6, 2025 at 10:00 a.m. ET. The company's earnings release, summary presentation, and financial supplement will be posted at investor.genworth.com when released.

The conference call is accessible by telephone (800-330-6710 U.S.; 213-279-1505 outside U.S.; conference ID 2260685) and via webcast with registration at investor.genworth.com. Participants are recommended to join 15 minutes early. A webcast replay will be available on the company website for one year.

Genworth's publicly traded subsidiary Enact Holdings (Nasdaq: ACT) will hold its Q3 2025 call on November 6, 2025 at 8:00 a.m. ET; webcast registration is at ir.enactmi.com and pre-registration is required for live Q&A participation.

Enact Holdings (Nasdaq: ACT) has secured a new $435 million five-year senior unsecured revolving credit facility, replacing its previous $200 million facility. The agreement, effective September 30, 2025, features interest rates tied to short-term borrowing indices plus a 125 basis point margin based on credit ratings.

The expanded facility, arranged by JPMorgan Chase and Truist Securities with a syndicate of eight banks, enhances Enact's borrowing capacity and extends its maturity profile. No amounts have been drawn from the facility as of the closing date, with future borrowings intended for working capital needs and general corporate purposes.

Enact Holdings (Nasdaq: ACT), a leading private mortgage insurance provider, has announced a significant quota share reinsurance agreement with highly-rated reinsurance providers. Under the agreement, Enact Mortgage Insurance Corporation will cede approximately 34% of expected new insurance written from January 1, 2027, through December 31, 2027.

The reinsurance partners are rated "A-" or better by S&P or A.M. Best, or "A3" or better by Moody's. CEO Rohit Gupta emphasized that this agreement demonstrates the company's commitment to disciplined risk management and efficient capital deployment, supporting their pursuit of high-quality new business and portfolio resilience.

Genworth Financial (NYSE: GNW) has announced a new $350 million share repurchase program, supplementing its existing $700 million program which has $16 million remaining as of September 17, 2025. The program, funded by holding company cash and supported by strong cash flows from subsidiary Enact Holdings, demonstrates the company's commitment to shareholder returns.

The company sized the program based on Enact Holdings' projected cash flows, excluding potential proceeds from ongoing litigation with AXA S.A. and Santander Cards UK Limited. Genworth may consider expanding the program further pending Santander's appeal outcome. The repurchases will be executed through various means, including open market transactions and Rule 10b5-1 trading plans, with no expiration date.

Enact Holdings (Nasdaq: ACT), a private mortgage insurance provider, has received its fourth ratings upgrade from Moody's since its 2021 IPO. Moody's upgraded Enact Mortgage Insurance Corporation's insurance financial strength rating to A2 from A3, while also upgrading Enact Holdings' long-term issuer rating and senior unsecured debt rating to Baa2 from Baa3.

The stable outlook ratings reflect Enact's disciplined execution and consistent performance. CEO Rohit Gupta expressed confidence in the company's business model and its ability to continue serving lenders and borrowers while creating long-term shareholder value.

Genworth Financial (NYSE: GNW) has received a credit rating upgrade from Moody's, with its backed senior unsecured debt rating improving to Baa3 from Ba1, representing a one-notch upgrade with a stable outlook.

The upgrade reflects Genworth's strengthened financial position and strategic execution, particularly highlighting the company's valuable 81% ownership stake in Enact. The Insurer Financial Strength ratings of Genworth's life insurance subsidiaries remain unchanged by this action.

Enact Holdings (Nasdaq: ACT) reported strong Q2 2025 financial results with GAAP net income of $168 million ($1.11 per diluted share) and adjusted operating income of $174 million ($1.15 per diluted share). The company achieved a 13.0% return on equity and grew its primary insurance in-force to $270 billion.

Key highlights include a PMIERs sufficiency of 165% ($2.0 billion above requirements), new insurance written of $13 billion (up 35% from Q1), and net premiums earned of $245 million. The company announced a $0.21 quarterly dividend and increased its full-year capital return guidance to approximately $400 million.

During Q2, Enact repurchased 2.4 million shares for $85 million and maintained strong persistency at 82%. The company's loss ratio improved to 10% from 12% in Q1 2025, while net investment income increased to $66 million.

Genworth Financial (NYSE:GNW) reported Q2 2025 results with net income of $51M ($0.12 per diluted share) and adjusted operating income of $68M ($0.16 per diluted share). The company's mortgage insurance subsidiary, Enact, delivered strong performance with $141M in adjusted operating income and distributed $94M in capital returns to Genworth.

Key highlights include $30M in share repurchases during the quarter at an average price of $7.01, bringing total repurchases to $620M since program inception. The Long-Term Care segment achieved $41M in gross incremental premium approvals. The company maintained a strong financial position with holding company cash and liquid assets of $248M and U.S. life insurance companies' RBC ratio of 304%.

Genworth Financial (NYSE: GNW) announced a favorable UK High Court ruling in a Payment Protection Insurance (PPI) case involving AXA and Santander. The court found Santander liable for PPI mis-selling losses and awarded AXA approximately £680 million ($911 million) in damages, interest, and costs.

Due to prior agreements with AXA, Genworth expects to recover approximately $750 million once the judgment is paid and any appeals are resolved. The company plans to use these funds for three main purposes: investing in CareScout growth, returning cash to shareholders through buybacks, and opportunistically reducing debt.