Earnings Overview#
Enact Holdings Inc. has released its earnings report for the first quarter of 2026, showing a positive performance in earnings per share (EPS) but falling short in revenue. The company achieved an EPS of $1.21, which is higher than the expected $1.18, marking a 2.54% increase. However, revenue was reported at $312.07 million, slightly below the forecast of $315.08 million.
Key Financial Metrics#
Despite the revenue miss, Enact Holdings demonstrated strong financial health. The company’s EPS increased by 10.9% compared to the same quarter last year. Key financial highlights include: - Revenue: $312.07 million, down 0.96% from forecast - Earnings per share: $1.21, up 10.9% year-over-year - Adjusted operating income: $172 million - New insurance written: $13 billion, up 30% year-over-year - Total insurance in force: $272 billion
Market Reaction#
Following the earnings announcement, Enact Holdings’ stock price saw a slight decline of 0.21% in after-hours trading, closing at $42.31. Despite this minor drop, the stock has shown a solid total return of 19.33% over the past year and is close to its 52-week high of $44.80. Investors have noted the company's consistent profitability over the last twelve months.
Future Outlook#
Looking ahead, Enact Holdings has maintained its full-year guidance for operating expenses, estimating between $215 million and $220 million. The company plans to return around $500 million to shareholders through dividends and share repurchases. Additionally, Enact continues to invest in its Rate360 pricing engine, which utilizes artificial intelligence and machine learning to enhance its competitive position in the market.