Enact Holdings Projects $600 Million in Capital Returns by 2026
Enact Holdings (ACT) has provided a positive outlook regarding its long-term capital management strategy, projecting approximately $600 million in capital returns by 2026. This projection is supported by the addition of a quota share arrangement designed to cover roughly 35% of the company's 2028 Net Income Written (NIW). CEO Rohit Gupta characterized the third quarter as resilient, noting that despite fluctuations in interest rates, the business model remains robust. The management team expressed confidence in the company's ability to build upon a solid performance from the first half of the year as they move toward year-end.
Tickers: $ACT
Topics: business resilience interest rates quarterly results
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Part of the story Enact expects 2026 capital returns of about $600M as it adds a quota share covering ~35% of 2028 NIW (2 articles)