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.
Enact Holdings, Inc. (ACT) provides essential mortgage insurance services that stabilize the U.S. housing market by transferring credit risk from lenders. This page serves as your definitive source for official company announcements and market-moving developments.
Access curated updates including earnings reports, regulatory filings, and strategic initiatives that demonstrate ACT's underwriting expertise. Investors gain critical insights into risk management practices influencing the residential mortgage sector.
Discover press releases about leadership changes, product innovations, and partnerships that shape ACT's position in housing finance. All content is verified for accuracy, helping stakeholders make informed decisions without promotional bias.
Bookmark this page for streamlined access to ACT's evolving role in mortgage guaranty insurance. Check regularly for updates that matter to lenders, investors, and housing market participants.
Enact reported strong Q1 2025 financial results with GAAP Net Income of $166 million ($1.08 per diluted share) and Adjusted Operating Income of $169 million ($1.10 per diluted share). The company achieved a Return on Equity of 13.1% and maintained a robust PMIERs Sufficiency of 165%.
Key highlights include Primary Insurance in-force of $268 billion, representing a 2% increase from Q1 2024. The company's persistency rate remained high at 84%, while new insurance written was $10 billion, with 94% monthly premium policies and 93% purchase originations.
Notable developments include Fitch Ratings upgrading EMICO's Financial Strength rating to 'A' and a 14% increase in quarterly dividend to $0.21 per share. The Board approved a new $350 million share repurchase program, demonstrating confidence in the company's financial strength and commitment to shareholder returns.
Genworth Financial reported Q1 2025 financial results with a net income of $54 million ($0.13 per diluted share) and adjusted operating income of $51 million ($0.12 per diluted share). The company executed $45M in share repurchases at an average price of $6.91 per share.
Key highlights include:
- Enact segment delivered $137M in adjusted operating income and distributed $76M to Genworth
- Long-term care insurance achieved $24M in gross incremental premium approvals
- CareScout Quality Network expanded to cover 90% of the U.S. aged 65-plus population
- U.S. life insurance companies maintained an RBC ratio of 304%
- Holding company ended with $211M in cash and liquid assets
The company continues to focus on delivering value through Enact, ensuring self-sustainability of legacy insurance operations, and scaling CareScout as a growth engine. Notable achievements include $590M in total share repurchases to date at an average price of $5.73 per share.
Enact Holdings has announced two significant shareholder-friendly moves: a 14% increase in quarterly dividend to $0.21 per common share and a new $350 million share repurchase program. The enhanced dividend will be paid on June 11, 2025, to shareholders of record as of May 19, 2025.
The new buyback program complements the existing $250 million program, which has $6 million remaining as of April 25, 2025. CEO Rohit Gupta emphasized that these initiatives demonstrate the company's commitment to shareholder value creation. The company has consistently raised its quarterly dividend annually since its inception three years ago.
Enact has arranged with Genworth Holdings to maintain its current ownership stake through the repurchase program. The buyback will be executed through various methods, including open market purchases and private transactions, with timing based on market conditions, regulatory requirements, and other factors.
Enact Holdings (Nasdaq: ACT) has scheduled its first quarter 2025 earnings announcement and conference call. The company will release its Q1 earnings report after market close on April 30, 2025, followed by a conference call on May 1, 2025 at 8:00 a.m. ET.
The earnings release, summary presentation, and financial supplement will be accessible through Enact's investor relations website. Analysts and investors planning to participate in the Q&A session must pre-register to receive a dial-in number and PIN. A live webcast will be available for those who wish to listen without asking questions, and the recording will be archived on the company's website for one year.
Genworth Financial (NYSE: GNW) has scheduled its first quarter 2025 earnings release and conference call. The company will release its Q1 2025 results after market close on April 30, 2025, followed by a conference call on May 1, 2025, at 10:00 a.m. ET.
The earnings conference call will be accessible via telephone (888-208-1820 or 323-794-2110 for international calls) and webcast. The company's earnings release, summary presentation, and financial supplement will be available on their investor website. Additionally, Genworth's subsidiary Enact Holdings (Nasdaq: ACT) will hold its Q1 earnings call on the same day at 8:00 a.m. ET.
Enact Holdings (NASDAQ: ACT) is set to join the S&P SmallCap 600 index, replacing SolarWinds Corp (NYSE: SWI) effective prior to market opening on Wednesday, April 16, 2025. The change comes as Turn/River Capital's acquisition of SolarWinds approaches completion, pending final closing conditions.
The modification will see Enact Holdings, classified under the Financials sector, added to the index, while SolarWinds, from the Information Technology sector, will be removed.
Genworth (NYSE: GNW) has appointed Morris Taylor as Senior Vice President and Chief Information Officer (CIO), effective April 7, 2025. Taylor will report directly to President and CEO Tom McInerney and will be responsible for implementing a comprehensive technology strategy aligned with Genworth and CareScout's growth objectives.
In his role, Taylor will focus on accelerating digital innovation and ensuring technology alignment across Genworth's U.S. Life Insurance, CareScout Services, and CareScout Insurance businesses. He joins from Markel, where he served as CIO since 2021, and previously spent 25 years at Capital One, leading major acquisition/integration projects and establishing strategic investment roadmaps.
Enact Holdings (Nasdaq: ACT) has released its 2024 Sustainability Report, highlighting the company's progress in key sustainability initiatives during calendar year 2024. The report showcases new insights into Enact's sustainability approach, including spotlights on their third party risk management program, professional development initiatives, and Hurricane Helene relief response.
President and CEO Rohit Gupta emphasized the company's commitment to building stronger communities through homeownership, philanthropy, and volunteerism. The report demonstrates Enact's focus areas and progress in delivering value to all stakeholders, acknowledging that continued growth and profitability are partially dependent on sustainability efforts.
The comprehensive report is accessible through Enact's Investor Relations website at ir.enactmi.com/sustainability.
Genworth Financial (NYSE: GNW) has announced the appointment of Steven C. Van Wyk to its Board of Directors as an independent director, effective immediately. Van Wyk, the former Group Chief Information Officer of HSBC Bank PLC, brings extensive technology and business transformation expertise to the board, which now comprises 10 members.
Van Wyk will stand for election with other Directors at Genworth's 2025 Annual Meeting of Stockholders on May 22, 2025. His background includes CIO positions at major financial institutions including HSBC, PNC Bank, ING Bank, ING Insurance, and Morgan Stanley, along with experience in finance, audit, and consulting roles.
The appointment aligns with Genworth's focus on implementing new AI and digital technologies while enhancing customer service. Board Chair Melina Higgins highlighted Van Wyk's potential contribution to shareholder value, while CEO Tom McInerney emphasized his technical expertise's importance in helping families navigate aging-related challenges.
Enact Holdings (Nasdaq: ACT) has announced key changes to its Board of Directors. H. Elizabeth (Liz) Mitchell has been appointed as an Independent Director and Audit Committee member, effective March 11, 2025. Mitchell brings extensive financial and industry experience, currently serving as an independent director at Selective Insurance Group and Principal Financial Group. She previously served as CEO of Renaissance U.S. Inc. until 2016.
Additionally, Anne G. Waleski will not seek re-election at the 2025 Annual Shareholder Meeting on May 14, 2025. She will continue serving as Audit Committee Chairperson and member of the Nominating & Corporate Governance Committee until then. The board will temporarily increase from eleven to twelve directors until the shareholder meeting.
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