ACT Enact Holdings, Inc.
Price Chart
Executive Summary
Enact Holdings reported Q1 2026 adjusted operating EPS of $1.21, missing the $1.25 consensus by 3.2%, with GAAP net income of $168M. NIW grew 30% YoY to $13B, but the loss ratio rose to 15% from 12% a year ago. The board approved a 14% dividend increase and $438M remains on the buyback authorization, partially offsetting the earnings miss.
Actionable Insight
The EPS miss and rising loss ratio could pressure the stock near-term, though strong NIW growth and capital return (dividend increase + buyback) provide a floor. Watch for housing market data and persistency trends in coming quarters.
Key Facts
- Adjusted operating income $172M, diluted EPS $1.21 (vs consensus $1.25, miss of 3.2%)
- GAAP net income $168M, diluted EPS $1.18
- NIW $13B, up 30% YoY; primary IIF $272B, up 2% YoY
- Net premiums earned $243M, down 1% YoY; loss ratio 15% vs 12% YoY
- Dividend increased 14% to $0.24/share; $438M remaining on $500M buyback authorization
- PMIERs sufficiency 162%, $1.9B above requirements
Financial Impact
EPS miss of ~3% vs consensus; loss ratio deterioration of 300bps YoY
Risk Factors
- Higher loss ratio from elevated delinquencies (2.61% vs 2.34% YoY)
- Persistency decline (80% vs 84% YoY) may pressure premium run-rate
- Mortgage rate volatility impacting origination volumes
Market Snapshot
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001823529-26-000106 |
| Document: enactqfs1q26final.htm | 0001823529-26-000106 |
| Document: act-20260505.htm | 0001823529-26-000106 |
| Document: 0001823529-26-000106-index-headers.html | 0001823529-26-000106 |
| Document: 0001823529-26-000106-index.html | 0001823529-26-000106 |
| Document: 0001823529-26-000106.txt | 0001823529-26-000106 |
| 8-K Data (Synthetic) | 0001823529-26-000106 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 3, 2026
9d ago
|
Insider Cluster
| $40.95 $41.79 | ▲ +2.05% | ▲ +4.63% | $42.41 (+3.57%) |
|
May 5, 2026
5w ago
|
8-K
| $43.06 $43.06 | · 0.00% | ▲ +0.33% | $42.41 (−1.51%) |
|
May 5, 2026
5w ago
|
Press Release
| $43.06 $43.22 | ▲ +0.37% | ▲ +0.70% | $42.41 (−1.51%) |
|
Mar 25, 2026
11w ago
|
Press Release
| $40.30 $40.80 | ▲ +1.24% | ▲ +3.01% | $42.41 (+5.24%) |
|
Mar 25, 2026
11w ago
|
DEFA14A
| $40.30 $40.80 | ▲ +1.24% | ▲ +3.01% | $42.41 (+5.24%) |
|
Feb 27, 2026
15w ago
|
Insider Cluster
| $41.84 $42.44 | ▲ +1.43% | ▲ +1.38% | $42.41 (+1.36%) |
|
Feb 27, 2026
15w ago
|
Insider Cluster
| $41.84 $42.44 | ▼ −1.43% | ▼ −1.38% | $42.41 (−1.36%) |
US Market Status
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