Enact Q3 net income falls to $164 million; $113 million special dividend declared
Enact Holdings reported third quarter 2023 net income of $164 million, or $1.02 per diluted share, down from $168 million in the second quarter and $191 million a year earlier, while net premiums earned rose 4% year over year to $243 million. The company also declared a special cash dividend of $113 million, or $0.71 per share, plus a $0.16 quarterly dividend, both payable December 5, 2023, to holders of record on November 16, 2023.
Key points
- Net income was $164 million, or $1.02 per diluted share, versus $1.17 per diluted share in third quarter 2022.
- Adjusted operating income was $164 million, compared with $178 million in the second quarter of 2023.
- Primary insurance-in-force was a record $262 billion, up 8% from a year earlier.
- Special dividend of $113 million ($0.71 per share) and quarterly dividend of $0.16 per share are payable December 5, 2023.
The filing
Written by AI on Nov 8, 2026, 12:58 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.