Enact Holdings Inc
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 2, 2024
ACT$46.20-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
| Three months endedJune 30, | Six months endedJune 30, | |||
|---|---|---|---|---|
| (Amounts in thousands, except per share amounts) | 2024 | 2023 | 2024 | 2023 |
| Revenues: | ||||
| Premiums | $244,567 | $238,520 | $485,314 | $473,628 |
| Net investment income | 59,773 | 50,915 | 116,884 | 96,256 |
| Net investment gains (losses) | (7,713) | (13,001) | (14,397) | (13,123) |
| Other income | 2,207 | 1,088 | 2,609 | 1,700 |
| Total revenues | 298,834 | 277,522 | 590,410 | 558,461 |
| Losses and expenses: | ||||
| Losses incurred | (16,821) | (4,070) | 2,680 | (15,054) |
| Acquisition and operating expenses, net of deferrals | 53,960 | 51,887 | 104,894 | 103,592 |
| Amortization of deferred acquisition costs and intangibles | 2,292 | 2,645 | 4,551 | 5,285 |
| Interest expense | 13,644 | 12,913 | 26,605 | 25,978 |
| Loss on debt extinguishment | 10,930 | — | 10,930 | — |
| Total losses and expenses | 64,005 | 63,375 | 149,660 | 119,801 |
| Income before income taxes | 234,829 | 214,147 | 440,750 | 438,660 |
| Provision for income taxes | 51,156 | 46,127 | 96,089 | 94,652 |
| Net income | $183,673 | $168,020 | $344,661 | $344,008 |
| Net income per common share: | ||||
| Basic | $1.17 | $1.04 | $2.18 | $2.13 |
| Diluted | $1.16 | $1.04 | $2.16 | $2.11 |
| Weighted average common shares outstanding: | ||||
| Basic | 157,193 | 161,318 | 158,005 | 161,880 |
| Diluted | 158,571 | 162,171 | 159,329 | 162,675 |
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