Enact Holdings, Inc. · NASDAQ:ACT

Enact — Q1 2026 Earnings Presentation

15 slides from Enact's earnings presentation, May 5, 2026

  1. Slide 1: First Quarter 2026 Financial Supplement

    Exhibit 99.2 First Quarter 2026 Financial Supplement

  2. Slide 2: GAAP/Non-GAAP Disclosure Discussion

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 GAAP/Non-GAAP Disclosure Discussion This document includes the non-GAAP financial measures entitled “adjusted operating income (loss),” “adjusted operating income (loss) per share," and “adjusted operating return on equity." Adjusted opera

  3. Slide 3: Consolidated Statements of Income

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 2026 1Q 4Q 3Q 2Q 1Q Total REVENUES: Premiums $242,850 $245,742 $244,688 $245,289 $244,786 $980,505 Net investment income 70,906 68,621 68,611 65,884 63,037 266,153 Net investment gains (losses) (5,823) (2,856) (2,834) (7,343) (3,243) (16,2

  4. Slide 4: Consolidated Balance Sheets

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 Assets Investments: Fixed maturity securities available-for-sale, at fair value $6,133,789 $6,050,542 $6,068,501 $5,896,818 $5,815,337 Short term investments

  5. Slide 5: Total Direct New Insurance Written

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 Total Direct NIW % of NIW NIW % of NIW NIW % of NIW NIW % of NIW NIW % of NIW NIW % of NIW Product Primary $12,786 100 % $14,386 100 % $14,048 100 % $13,254 100 % $9,818 100 % $51,506 100 % Pool 0 - % 0 - % 0 - % 0 - % 0 - % 0 - % Total $1

  6. Slide 6: Total Direct Insurance in Force

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 Total Direct IIF % of IIF IIF % of IIF IIF % of IIF IIF % of IIF IIF % of IIF Product Primary $272,475 100 % $273,147 100 % $272,349 100 % $269,754 100 % $268,366 100 % Pool 317 - % 331 - % 342 - % 355 - % 367 - % Total $272,792 100 % $273

  7. Slide 7: Primary Insurance in Force by FICO and LTV

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 IIF % of IIF IIF % of IIF IIF % of IIF IIF % of IIF IIF % of IIF FICO Scores Over 760 $120,104 44 % $120,093 44 % $119,234 44 % $117,403 44 % $115,914 43 % 740 - 759 44,933 16 % 44,898 16 % 44,675 16 % 44,191 16 % 43,924 17 % 720 - 739 37,

  8. Slide 8: Total Direct Risk in Force

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 Total Direct RIF % of RIF RIF % of RIF RIF % of RIF RIF % of RIF RIF % of RIF Product Primary $71,245 100 % $71,363 100 % $71,144 100 % $70,401 100 % $69,937 100 % Pool 49 - % 51 - % 52 - % 54 - % 55 - % Total $71,294 100 % $71,414 100 % $

  9. Slide 9: Primary Risk in Force by FICO and LTV

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 RIF % of RIF RIF % of RIF RIF % of RIF RIF % of RIF RIF % of RIF FICO Scores Over 760 $31,204 44 % $31,186 44 % $30,991 44 % $30,502 43 % $30,093 43 % 740 - 759 11,783 16 % 11,765 16 % 11,709 16 % 11,579 17 % 11,493 17 % 720 - 739 9,994 14

  10. Slide 10: Delinquencies and Incurred Losses

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 2026 1Q 4Q 3Q 2Q 1Q Beginning Number of Primary Delinquencies 24,885 23,382 22,118 22,349 23,566 New delinquencies 13,559 13,679 12,998 11,567 12,237 Delinquency cures (13,477) (11,883) (11,467) (11,574) (13,263) Paid claims (280) (287) (2

  11. Slide 11: Missed Payment Status Tables - Direct Primary

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 Percentage Reserved by Payment Status Delinquencies Case Reserves Risk In- Force Reserves as % of RIF Delinquencies Case Reserves Risk In- Force Reserves as % of RIF Delinquencies Case Reserves Risk In- Force Reserves as % of RIF 3 payment

  12. Slide 12: Top States, MSAs and Book Year Exposure

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 Top 10 States % RIF % Case Reserves (1) Delq Rate Top 10 MSAs / Metro Divisions % RIF % Case Reserves (1) Delq Rate Book Year RIF & Losses % RIF % Case Reserves (1) Delq Rate Cum Delq Rate (2) California 12% 13% 2.90% Phoenix, AZ MSA 3% 3%

  13. Slide 13: Investment Portfolio: Fixed Maturity Securities

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 Carrying Amount % of Total Carrying Amount % of Total Carrying Amount % of Total Carrying Amount % of Total Carrying Amount % of Total Fixed Maturity Securities: U.S. treasuries $268,722 4 % $257,307 4 % $270,865 4 % $264,981 4 % $289,008

  14. Slide 14: Reinsurance Transactions (ILN, XOL, QSR)

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 2021-2 ILN 2021-3 ILN 2023-1 ILN 2021 XOL 2022-1 XOL 2022-2 XOL 2022-3 XOL 2022-4 XOL 2022-5 XOL 2023-1 XOL 2024-1 XOL 2024-2 XOL 2025-1 XOL 2025-2 XOL 2026-1 XOL 2026-2 XOL 2023-1 QSR 2024-1 QSR 2025-1 QSR 2026-1 QSR 9/20-12/20 1/21-6/21

  15. Slide 15: Statutory Capital and PMIERs Sufficiency

    Enact Holdings, Inc. Financial Supplement First Quarter 2026 1Q 4Q 3Q 2Q 1Q COMBINED(1) STAT: Statutory policyholders' surplus $785 $806 $823 $821 $815 Contingency reserves 4,551 4,513 4,471 4,425 4,381 Combined statutory capital $5,336 $5,319 $5,294 $5,246 $5,196 Adjusted RIF(2) $53,382 $53,893 $54

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