Enact Reports Third Quarter 2022 Results and Announces Quarterly Dividend
RALEIGH, N.C., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) today announced financial results for the third quarter of 2022.
- Persistency was 82%, up from 80% in the second quarter of 2022 and 65% in the third quarter of 2021.
- The net reserve release of $80 million compares to a $96 million reserve release in the second quarter of 2022.
- Current quarter results are down from second quarter 2022 results of 20.1% and 20.2%, respectively, and up from third quarter 2021 results of 13.2% and 13.2%, respectively.
- Enact will discuss third quarter financial results in a conference call tomorrow, Wednesday, November 2, 2022, at 8:00 a.m. (Eastern).