Enact Holdings Q4 revenue misses estimates

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

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

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