Enact Holdings reported second quarter results that beat Wall Street revenue and non-GAAP profit expectations, with revenue of $319.5 million versus estimates of $316.1 million and adjusted EPS of $1.26 versus $1.19. CEO Rohit Gupta credited strategy and technology investments for prudent risk targeting and improved efficiency, while CFO Dean Mitchell noted new insurance written grew 15% year over year. During the earnings call, analysts from Bank of America, KBW, and RBC Capital Markets questioned management on premium yield trajectory, credit trends, VantageScore rollout, and the updated capital return range. Mitchell said premium rates should remain relatively flat, delinquencies may rise slightly in the second half due to seasonality with possible moderation in 2027, and the higher capital return range reflects strong performance and excess capital. Enact Holdings trades at $49.12, up from $47.83 before earnings.
Enact Holdings IncQ2 revenue and EPS beat estimates, with strong new insurance written growth and updated capital return range reflecting excess capital.
