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EarningsQ2 2026 Earnings Report
ACT Q2 2026 EPS Results
Actual EPS$1.25
Consensus EPS$1.19
Beat/MissBeat by +$0.06
One Year Ago EPS$1.15
ACT Q2 2026 Revenue Results
Actual Revenue$317.31M
Expected Revenue$315.81M
Beat/MissBeat by +$1.49M
YoY Revenue Growth+4.07%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
ACT Upcoming Earnings
Enact Holdings's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
ACT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial picture: strong NIW growth, higher adjusted operating income and ROE, improved investment yields, disciplined expense management, robust capital metrics (161% PMIERs sufficiency) and an increased capital return target. Key risks are manageable but notable: slightly lower persistency, modest premium-rate pressure, higher year-over-year loss ratio, expectation of second-half seasonal uptick in delinquencies and some near-term realized investment losses. Overall, management conveyed confidence in portfolio resilience, prudent underwriting (including new AI underwriting tools), and continued shareholder returns.Company Guidance
Adjusted Operating Income and EPS Growth
Adjusted operating income of $177 million, or $1.26 per diluted share, up from $1.15 year-over-year and up from $1.21 in Q1 2026.
Strong Adjusted Return on Equity
Adjusted operating return on equity of ~13% (13.2% reported), indicating solid profitability on equity capital.
New Insurance Written (NIW) Acceleration
New insurance written of $15 billion, up 19% sequentially and up 15% year-over-year, supporting growth in in-force volume.
Insurance in Force Growth
Primary insurance in-force of $274 billion, up ~$1 billion (≈1%) quarter-over-quarter and up ~$4 billion (≈2%) year-over-year.
Capital Returns Increased and Active Buybacks
Raised 2026 capital return guidance to $550 million–$600 million (from $500 million); returned $127 million in the quarter (repurchases + dividends); repurchased 2.2 million shares for $93 million and an additional 0.7 million shares for $30 million through July 31.
Strong Capital and Liquidity Position
PMIERs sufficiency ratio of 161% (≈$1.9 billion above requirements); third-party CRT program provided $1.9 billion of PMIERs capital credit, reinforcing financial flexibility.
Credit Performance and Reserve Release
New delinquencies fell to 12,300 (down from 13,600 sequentially); total delinquencies decreased to 24,300; a reserve release of $37 million in the quarter drove a loss ratio of 14%.
Investment Income and Yields
Investment income of $73 million, up $2 million (3%) sequentially and up $7 million (11%) year-over-year; new-money investment yield >5% and average portfolio book yield increased to 4.6%.
Expense Management and Updated Guidance
Operating expenses of $52 million with an expense ratio of 21%; management reduced expense base ~15% since IPO (≈30% adjusted for inflation); full-year 2026 expense guidance (ex-reorg) narrowed to $205 million–$210 million.
Operational Innovation and Talent Recognition
Launched ELLA (generative-AI underwriting assistant) with rapid early adoption to improve efficiency and risk selection; recognized as one of the best places to work (Triangle Business Journal) for the fourth time since IPO.
ACT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed