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. operates as a U.S. private mortgage insurance provider serving the housing finance market through Enact Mortgage Insurance Corporation. Company news centers on mortgage insurance earnings, primary insurance in force, credit performance, PMIERs capital sufficiency, book value measures, and the operating environment for residential mortgage lending.
Recurring updates also cover capital management, including quarterly dividends, share repurchase authorizations, and capital returns. Enact's disclosures describe its work with mortgage lenders and loan originators, its underwriting and risk-management role in residential mortgage guaranty insurance, and its position as a publicly traded subsidiary of Genworth Financial.
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.
Enact Holdings (Nasdaq: ACT) has scheduled its second quarter 2025 earnings conference call for July 31, 2025, at 8:00 a.m. ET. The company will release its earnings report after market close on July 30, 2025.
The earnings release, summary presentation, and financial supplement will be accessible through Enact's investor relations website. Investors can participate in the Q&A session by pre-registering to obtain dial-in information, while those who wish to listen only can access the live webcast through the company's website. The webcast recording will remain available for one year.
Genworth Financial (NYSE: GNW) has scheduled its second quarter 2025 earnings conference call for July 31, 2025, at 9:00 a.m. ET. The company will release its earnings report after market close on July 30, 2025.
The conference call will be accessible via telephone (888-208-1820 or 323-794-2110) with conference ID #8808137, and through webcast registration at the investor relations website. Additionally, Genworth's subsidiary Enact Holdings (Nasdaq: ACT) will hold its Q2 earnings call on the same day at 8:00 a.m. ET.
Genworth Financial (NYSE: GNW) held its 2025 annual meeting of stockholders, where all ten director nominees were successfully re-elected to the board. Stockholders approved several key measures including: the advisory vote on named executive officer compensation, the 2025 Omnibus Incentive Plan, and ratified KPMG LLP as the company's independent registered public accounting firm for 2025. Additionally, stockholders approved an amendment to remove the "Pass-Through Voting" provision from the Amended and Restated Certificate of Incorporation of Genworth Holdings, Inc.
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.