Enact Holdings Q4 revenue misses estimates

Enact Holdings

03/02/2026 21:29

Overview

U.S. mortgage insurer's Q4 revenue missed analyst expectations

Adjusted operating income per share for Q4 beat analyst estimates

Company returned over $500 mln to shareholders in 2025

Outlook

Company announces new share repurchase program of up to $500 mln

Enact sees continued affordability pressures and interest rate volatility shaping housing activity

Result Drivers

INSURANCE IN-FORCE - Primary insurance in-force increased 2% year-over-year to $273 bln

LOSS RESERVE RELEASE - Losses incurred decreased due to a $60 mln net reserve release reflecting favorable cure performance

OPERATING EXPENSES - Sequential increase in operating expenses driven by incentive-based compensation

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$312.71 mln
$316.78 mln (3 Analysts)
Q4 Adj. Diluted Operating Income per share
Beat
$1.23
$1.09 (4 Analysts)
Q4 EPS
$1.22
Q4 Net Income
$177 mln
Q4 Adjusted Operating Income
$179 mln
Q4 Expense Ratio
24.00%
Q4 ROE
13.30%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the property & casualty insurance peer group is "buy."

Wall Street's median 12-month price target for Enact Holdings Inc is $42.50, about 5.1% above its February 2 closing price of $40.45

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNX6pHqY4

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)