Enact Holdings has raised its 2026 capital return guidance to a range of $550 million to $600 million, up from a prior expectation of approximately $500 million. CEO Rohit Gupta cited strong first-half performance and disciplined execution as the basis for the increase, while CFO Hardin Mitchell noted the final amount and form of returns will depend on business performance, market conditions, and regulatory approvals. The company also lowered its full-year 2026 expense forecast, excluding reorganization costs, to $205 million to $210 million from a previous range of $215 million to $220 million. In the second quarter, Enact reported adjusted operating income of $177 million, or $1.26 per diluted share, with new insurance written of $15 billion and primary insurance in-force of $274 billion. Management highlighted the launch of ELLA, an internal generative AI underwriting tool, and cautioned that delinquency rates may rise in the second half due to seasonal factors and aging loan vintages.
Enact Holdings IncRaises 2026 capital return guidance and lowers expense forecast, signaling strong financial performance.
