Enact Holdings slightly misses Q1 revenue estimates

Enact Holdings

05/05/2026 21:32

Overview

U.S. mortgage insurer's Q1 revenue slightly missed analyst expectations

Adjusted diluted operating income per share beat consensus for Q1

Company raised quarterly dividend by 14% and completed $350 mln share buyback

Result Drivers

HIGHER CEDED PREMIUMS - Revenue declined 1% year-over-year and sequentially, primarily due to higher ceded premiums

OPERATING EXPENSES - Operating expenses and the expense ratio declined sequentially, mainly due to lower incentive-based compensation

NET INVESTMENT INCOME - Net investment income rose year-over-year and sequentially, driven by elevated interest rates and higher average invested assets

Company press release: ID:nGNX6vPKW5

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$312.07 mln
$315.08 mln (3 Analysts)
Q1 Adj. Diluted Operating Income per share
Beat
$1.21
$1.17 (4 Analysts)
Q1 EPS
$1.18
Q1 Net Income
$168 mln
Q1 Adjusted Operating Income
$172 mln
Q1 Expense Ratio
20%
Q1 ROE
12.5%


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 $43.00, about 1.4% above its May 4 closing price of $42.40

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

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.)