Enact Q2: Net Income Climbs to $175M, Dividend Raised, Capital Fortress Intact
ACT sits 41% above its 52-week low of $34.64.
Summary
Enact Holdings posted Q2 2026 net income of $175 million ($1.25/share), raised its dividend, and continued share repurchases. Strong capital ratios support ongoing capital returns.
Key Events · Earnings and Guidance · ACT
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Q2 Net Income Rises to $175M
Driven by higher net investment income and lower expenses, net income reached $175 million ($1.25/share), up from $168 million in Q1 2026 and matching the $168 million recorded in Q2 2025.
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Dividend Increased to $0.24/Share
Reflecting confidence in sustained earnings and capital generation, the quarterly dividend was raised from $0.21 to $0.24 per share.
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Share Repurchases Continue
During Q2, $93 million of stock was repurchased at an average price of $42.58; $374.7 million remains under the $500 million authorization announced in February 2026.
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Capital Ratios Remain Strong
Ample capacity for further capital returns is supported by a PMIERs sufficiency ratio of 161% ($1.9 billion above requirements) and a risk-to-capital ratio of 9.9:1.
Analysis · ACT · Finance
A solid quarter saw net income advance to $175 million from $168 million in Q1, fueled by higher investment income and disciplined underwriting. Returning more to shareholders, the quarterly dividend was lifted to $0.24 per share while aggressive buybacks continued—$374.7 million remains under the $500 million authorization. Capital ratios stay robust: PMIERs sufficiency stands at 161% and the risk-to-capital ratio improved to 9.9:1, giving Enact ample capacity to return capital even as the housing market remains uncertain.
At the time of this filing, ACT was trading at $48.67 on NASDAQ in the Finance sector, with a market capitalization of approximately $6.8B. The 52-week trading range was $34.64 to $49.09. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.