)
Edge6 Mar 2026
Upvoted: The Story of Reddit
How Reddit built a unique platform around communities and conversation, turning human insight and intent into a distinctive business model.
Enact
Enact (ACT) investor relations material
Enact Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary4 Feb, 2026
Executive summary
Achieved Q4 2025 net income of $177.2 million ($1.22 per diluted share), up from $163.5 million in Q3 and $162.7 million in Q4 2024, with adjusted operating income of $179 million ($1.23 per share) and strong credit performance.
Returned over $500 million to shareholders in 2025 through $121 million in dividends and $382 million in share repurchases, with a new $500 million share repurchase program authorized for 2026.
Supported over 134,000 home purchases and 16,000 home retentions, leveraging advanced risk and pricing models.
Financial highlights
Q4 2025 adjusted operating income was $179 million, with adjusted operating ROE at 13.5% and net income of $177.2 million; full-year adjusted operating income was $688 million, down from $718 million in 2024.
Net premiums earned in Q4 were $246 million; net investment income was $69 million, up from $63 million in Q4 2024.
Losses incurred in Q4 2025 were $18 million, with a loss ratio of 7%, down from 15% in Q3 and 10% in Q4 2024.
Book value per share increased to $37.66 at year-end 2025, up from $32.80 in Q4 2024.
Outlook and guidance
2026 capital return expectations set at $500 million, with flexibility to adjust based on business performance, macroeconomic, and regulatory factors.
Operating expenses for 2026 expected in the $215–$220 million range, excluding reorganization costs.
Mortgage insurance market size projected to grow 10–15% in 2026, with purchase originations expected to increase 8–24%.
Management remains confident in future execution, citing strong capital and operating discipline.
Detail the impact of claim rate expectation change
Implications of 22% portfolio above 6.7% mortgage rates
Funding strategy for the new $500M share repurchase
How does 8% claim rate align with macro risks?
Key business metrics to exceed $500M capital return?
What strategies drive Enact's share in 2026 MI market?
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Enact
- Record insurance in-force, strong earnings, and 2024 capital return guidance raised to $350M.ACT
Q2 20242 Feb 2026 - Strong returns, resilient business model, and demographic tailwinds drive future growth.ACTTD Financial Services & Fintech Summit1 Feb 2026
- Q3 net income reached $181M, with record insurance in-force and strong capital returns.ACTQ3 202416 Jan 2026
- Q1 2025 net income rose to $166M, with robust capital returns and a higher dividend.ACTQ1 202524 Dec 2025
- Record earnings, strong capital, and $354M capital return highlight robust 2024 performance.ACTQ4 202417 Dec 2025
- Record net income, strong capital, and robust governance highlight 2025 proxy proposals.ACTProxy Filing1 Dec 2025
- Annual meeting to elect directors, approve pay, and ratify KPMG as auditor for 2025.ACTProxy Filing1 Dec 2025
- Net income and adjusted operating income declined, but capital return guidance rose to $500M.ACTQ3 202513 Nov 2025
- Q2 2025 saw $168M net income, $116M capital returned, and robust capital strength maintained.ACTQ2 20253 Nov 2025
Next Enact earnings date
Q1 202630 Apr, 2026
Enact
Next Enact earnings date
Q1 202630 Apr, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Enact Holdings Inc. provides private mortgage insurance services that enable borrowers to purchase homes with low down payments. The company serves mortgage lenders by covering a portion of the lender’s risk in the event of borrower default. It is headquartered in Raleigh, North Carolina, and its shares are listed on the NASDAQ.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage