Enact Holdings (ACT) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Enact published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Enact reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted operating income per diluted share, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Enact is a mortgage insurer. Revenue here is the line it calls total revenues: premiums, net investment income, net investment gains (losses) and other income.
• Losses incurred in Q3 2026 include a $37 million reserve release, against a $45 million release in Q3 2025.

Source: Enact Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Enact splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Enact's Premiums revenue was $242 million in Q3 2026, down 1% from $245 million in Q3 2025, 77% of total revenue.
• Enact's Net investment income revenue was $74.4 million in Q3 2026, up 9% from $68.6 million in Q3 2025, 24% of total revenue.
• Enact's Other income revenue was $2.1 million in Q3 2026, up 112% from $1.0 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

Enact gives capital return and operating expense guidance, not a revenue or EPS outlook.

In its Q3 2026 release, Enact said:

“We now anticipate a total 2026 capital return of approximately $600 million reflecting our continued strong financial position and confidence in our business”

“Based on performance year to date, operating expense guidance, excluding reorganization costs, has been adjusted to the lower end of the $205 million to $210 million range provided last quarter.”

Source: Enact Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ACT forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and GAAP diluted EPS, each as first reported in that quarter's release.

We do not hold a confirmed date for Enact's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

Enact, a U.S. private mortgage insurer, reported total revenues of $312.9 million in Q3 2026 against $311.5 million a year earlier. Premiums were $242.3 million of that and net investment income $74.4 million, with $6.0 million of net investment losses and $2.1 million of other income. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026)

Enact's net premiums earned fell 1% to $242 million, which it attributed primarily to higher ceded premiums from its continued use of quota share reinsurance, partly offset by premium growth in adjacencies and primary insurance in-force growth. Primary insurance in-force was $275 billion, up about 1% from $272 billion. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026)

New insurance written (NIW) was $14 billion, flat from Q3 2025 and down 7% from Q2 2026 on lower refinance activity. 95% of NIW was monthly premium policies and 93% purchase originations. Persistency was 81%, down from 83%, and about 89% of loans in the portfolio carry mortgage rates below 7%. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026)

Net investment income rose to $74 million from $69 million on higher portfolio book yields. Enact's business is concentrated among lenders: in 2025 its largest customer accounted for 22% of NIW and 12% of total revenues, and its top five customers generated about 33% of NIW. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026; Enact Form 10-K, 2025, Feb 27, 2026)

Enact earned GAAP net income of $159 million, or $1.15 per diluted share, in Q3 2026, against $163 million, or $1.10, a year earlier. Adjusted operating income, which excludes net investment gains and losses and reorganization costs, was $164 million, or $1.19 per diluted share, against $1.12. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026)

Losses incurred rose to $47 million from $36 million and the loss ratio to 20% from 15%. The quarter included a $37 million reserve release against $45 million a year earlier, and Enact cited newer books progressing on their expected loss development pattern, partly offset by a lower claim rate. The expense ratio was 21%, down from 22%. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026)

Diluted shares fell to 138.3 million from 148.3 million, so EPS rose while net income fell. Enact repurchased about 2.4 million shares for about $118 million in the quarter at an average price of $48.19, and about $200 million remains of its $500 million authorization. The effective tax rate was 21.7%. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026; Enact Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Enact does not publish a revenue or EPS outlook. In its release it raised its expected total 2026 capital return to approximately $600 million, and said operating expense guidance, excluding reorganization costs, is now at the lower end of the $205 million to $210 million range it gave last quarter. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026)

Enact declared a quarterly dividend of $0.24 per share, payable December 17, 2026. During the quarter it announced a quota share agreement to cede about 35% of a portion of expected new insurance written for the 2028 book year. (Enact Q3 2026 release (8-K Exhibit 99.1), Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover Enact, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Enact's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ACT is on is ACT a buy or a sell?, what analysts expect next is on the ACT forecast, and what the company does is on the Enact Holdings (ACT) stock page.

Every number on this page can be traced to a document Enact published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.