Enact Holdings, Inc. (ACT) Q3 2024 Earnings Call Transcript Summary
Enact Holdings, Inc. (ACT) Q3 2024 Earnings Call Transcript Summary
Adjusted return on equity was a solid 15%, with an adjusted book value per share of $33.27, up 3% sequentially and 10% year-over-year.The following is a summary of the Enact Holdings, Inc. (ACT) Q3 2024 Earnings Call Transcript:
以下是Enact Holdings, Inc. (ACT) 2024年第三季度業績會實錄總結：
Financial Performance:
財務業績:
Enact reported Q3 2024 adjusted operating income of $182 million, up 11% year-over-year.
Net income for Q3 2024 was $181 million, or $1.15 per diluted share.
Adjusted return on equity was a solid 15%, with an adjusted book value per share of $33.27, up 3% sequentially and 10% year-over-year.
Primary insurance in force increased to $268 billion, up $6 billion or 2% year-over-year.
Enact報告2024年第三季度調整後營業利潤達到18200萬美元，同比增長11%。
2024年第三季度淨利潤爲18100萬美元，每股稀釋收益爲1.15美元。
調整後淨資產收益率穩健達到15%，每股調整後賬麪價值爲33.27美元，較上季度環比增長3%，同比增長10%。
承保的主要保險金額增至2680億美元，同比增長60億美元，增長2%。
Business Progress:
業務進展:
Enact has successfully launched Enact Re, expanding their platform into the GSE credit risk transfer market, which is now rated A- by S&P.
Investments in technology and operations are aimed at enhancing customer engagement and operational efficiency.
They actively participate in GSE CRT transactions and expect gradual growth of Enact Re over time.
Enact成功推出Enact Re，將業務拓展至GSE信貸風險轉移市場，該業務目前由標普評定爲A-。
對科技和運營的投資旨在提高客戶參與度和運營效率。
他們積極參與GSE CRt交易，並預計Enact Re會隨着時間逐漸增長。
Opportunities:
機會：
The company continues to focus on deepening relationships with lenders and leveraging technology to enhance customer engagement and efficiencies in their core MI business.
公司繼續專注於與放貸人的關係加深，並利用技術增強其核心MI業務中的客戶參與度和效率。
Risks:
風險：
New delinquencies rose due to seasonality and the aging of newer books, though this was substantially offset by elevated cures indicating ongoing strong performance of the credit portfolio.
由於季節性和新書的老化，新逾期案件上升，儘管這在很大程度上被高企的治癒率所抵消，表明信貸組合的持續強勁表現。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
