Every material Form 8-K Enact Holdings filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Enact Holdings reported third-quarter 2025 net income of $163 million, or $1.10 per diluted share, down from $181 million, or $1.15 per share, a year earlier, and slightly below the second quarter's $168 million. The company raised its expected total 2025 capital return to approximately $500 million and declared a $0.21 quarterly dividend, while the loss ratio rose to 15% from 5% a year ago.
Net income was $163 million, or $1.10 per diluted share, versus $181 million, or $1.15, in Q3 2024
Adjusted operating income was $166 million, or $1.12 per diluted share, versus $182 million, or $1.16, in Q3 2024
Loss ratio was 15%, compared with 5% in Q3 2024 and 10% in Q2 2025
Expected total 2025 capital return raised to approximately $500 million; $0.21 dividend payable December 11, 2025
On September 30, 2025, Enact Holdings entered into a $435 million revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent, and terminated its $200 million 2022 revolving facility. The new facility was undrawn at closing and matures on September 30, 2030, so it adds borrowing capacity rather than new debt, with covenants shareholders can track.
Revolving facility: $435 million initial principal, including a $217.5 million accordion, undrawn as of September 30, 2025
Matures September 30, 2030; borrowings priced at Term SOFR plus 0.10% plus a margin tied to the senior unsecured rating
Commitment fee on unused amounts is 0.175% based on the current rating
Covenants include minimum consolidated net worth of at least $3,729,000,000 (plus adjustments) and a maximum debt-to-total capitalization ratio of 0.35 to 1.00
Enact Holdings reported second quarter 2025 GAAP net income of $168 million, or $1.11 per diluted share, down from $184 million, or $1.16, a year earlier, though up from $166 million in the first quarter. Total revenues rose to $304.9 million from $298.8 million a year earlier, while the company raised its full-year 2025 capital return guidance to approximately $400 million.
Adjusted operating income was $174 million, or $1.15 per diluted share, versus $201 million, or $1.27, in Q2 2024.
Total revenues were $304.9 million, compared with $298.8 million in Q2 2024.
Full-year 2025 capital return guidance increased to approximately $400 million, depending on business performance, market conditions and regulatory approvals.
Board declared a quarterly dividend of $0.21 per share, payable September 8, 2025, to holders of record on August 18, 2025.
Enact Holdings reported first-quarter 2025 GAAP net income of $166 million, or $1.08 per diluted share, up from $161 million, or $1.01 per diluted share, a year earlier. The board also approved a share repurchase program of up to $350 million and raised the quarterly dividend 14% to $0.21 per share, which affects shareholder returns.
GAAP net income was $166 million, or $1.08 per diluted share, versus $161 million, or $1.01, in Q1 2024
Adjusted operating income was $169 million, or $1.10 per diluted share, versus $166 million, or $1.04, in Q1 2024
New insurance written was about $10 billion, down 26% from Q4 2024 and down 7% from Q1 2024
Board approved a repurchase program of up to $350 million; quarterly dividend raised from $0.185 to $0.21, payable June 11, 2025, to holders of record May 19, 2025
Enact Holdings appointed H. Elizabeth Mitchell as an independent director on March 11, 2025, expanding the board temporarily from 11 to 12 members. Director Anne G. Waleski said she will not stand for re-election at the May 14, 2025 annual meeting, and the company said her decision was not due to any disagreement over its operations, policies or practices.
Mitchell was appointed effective March 11, 2025, for a term expiring at the 2025 Annual Meeting of Stockholders, and joined the Audit Committee.
Board size rises from 11 to 12 members until the 2025 annual meeting, when it returns to 11.
Waleski will remain on the board, as Audit Committee chairperson, and on the Nominating and Corporate Governance Committee until the May 14, 2025 meeting.
Mitchell has been an independent director of Selective Insurance Group since 2018 and of Principal Financial Group since 2022.
Enact Holdings reported fourth-quarter 2024 GAAP net income of $163 million, or $1.05 per diluted share, up from $157 million, or $0.98, a year earlier, though down from $181 million in the third quarter. For the full year, net income was $688 million, or $4.37 per diluted share, compared with $666 million, or $4.11, in 2023, and the company returned $354 million to shareholders.
Q4 2024 adjusted operating income was $169 million, or $1.09 per diluted share, versus $158 million, or $0.98, in Q4 2023 and $182 million in Q3 2024.
Full-year 2024 adjusted operating income was $718 million, or $4.56 per diluted share, versus $676 million, or $4.18, in 2023.
Board declared a quarterly dividend of $0.185 per share, payable March 14, 2025, to holders of record on February 21, 2025.
Management will discuss the results on a conference call on February 5, 2025, at 8:00 a.m. Eastern.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Enact Holdings filing is on SEC EDGAR ↗. 8-K briefs of other companies →