Enact Holdings Reports Q3 2026 Results and Increases Full-Year Capital Return Guidance
Enact Holdings (ACT) reported third-quarter 2026 financial results characterized by resilient capital levels and disciplined expense management. Despite a 7% sequential decrease in new insurance written due to higher mortgage rates impacting refinance activity, the company saw its primary insurance in force grow 1% year-over-year to $275 billion. Adjusted operating income reached $164 million, or $1.19 per diluted share. The company raised its full-year 2026 capital return guidance to approximately $600 million, supported by a strong PMIERs sufficiency ratio of 158%. While net investment income rose 9% due to higher portfolio yields, management noted seasonal increases in delinquencies and warned that delinquency rates may continue to rise into 2027 as newer books season.
Tickers: $ACT
Topics: capital return guidance earnings release insurance metrics operating income