Enact Reports $168M Q1 Net Income and Raises Dividend 14%
Enact reported first-quarter GAAP net income of $168 million ($1.18 per diluted share) and adjusted operating income of $172 million ($1.21 per share), with primary insurance in force rising 2% to $272 billion. The board approved a 14% dividend increase to $0.24 per share, payable June 18.
1. First-Quarter Financial Results
Enact reported GAAP net income of $168 million in Q1 2026, or $1.18 per diluted share, and adjusted operating income of $172 million, or $1.21 per share. These figures compare with $177 million and $1.22 per share GAAP net income in Q4 2025 and $166 million GAAP net income in Q1 2025.
2. Operational Metrics
Primary insurance in force reached $272 billion, up 2% year-over-year, while new insurance written was $13 billion, 30% above Q1 2025 but down 11% sequentially. The loss ratio increased to 15% and expense ratio improved to 20%, reflecting higher incurred losses and lower operating expenses.
3. Capital Management and Dividends
The board declared a 14% quarterly dividend increase to $0.24 per share, payable June 18, and completed repurchases of 2.3 million shares at an average of $40.66. Enact held combined cash and invested assets of $652 million, supported by a PMIERs sufficiency of 162%.