Enact reported FY 2025 net income of USD 674.2 million on total revenues of USD 1.2 billion. Premiums were USD 980.5 million, net investment income was USD 266.2 million, net investment losses were USD 16.3 million, and losses incurred rose to USD 109.5 million (up 183%). Income before income taxes was USD 858.8 million and the effective tax rate was 21.5%. Adjusted operating income was USD 687.8 million. For FY 2025, Enact wrote USD 51.5 billion of new insurance written (up 1%), ended the year with USD 273.1 billion of primary insurance in-force and USD 71.4 billion of total risk in-force, and reported an 82% persistency rate. The delinquency rate was 2.62% with 24,885 delinquent loans, and average primary claim severity was 96%. Enact’s PMIERs sufficiency ratio was 162% (USD 1.9 billion above requirements) as of Dec. 31, 2025. Corporate and business updates included a USD 435 million five-year revolving credit facility signed on Sept. 30, 2025 (undrawn at year-end), two excess-of-loss reinsurance transactions covering 2025 and 2026 NIW (approximately USD 225 million and USD 260 million of coverage), an excess-of-loss transaction for 2027 NIW (approximately USD 170 million of coverage), and a quota share agreement to cede approximately 34% of a portion of expected 2027 NIW. Enact also highlighted rating actions in 2025, including a Fitch upgrade to A (Jan. 17, 2025) and a Moody’s upgrade to A2 (Aug. 6, 2025). Capital returns in 2025 included USD 121 million of dividends paid and USD 382 million of share repurchases, and the company authorized an additional USD 500 million share repurchase program on Feb. 3, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Enact Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001823529-26-000060), on February 27, 2026, and is solely responsible for the information contained therein.