Recent Events
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During the quarter, repurchases under our share repurchase program totaled $41 million. Through
July 28, 2023, we have made $71 million in repurchases authorized under our existing share repurchase program. |
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Recently, the Companys Board of Directors approved a new share repurchase program with authorization to
purchase up to $100 million of common stock. |
Conference Call and Financial Supplement Information
This press release, the second quarter 2023 financial supplement and earnings presentation are now posted on the Companys website,
https://ir.enactmi.com. Investors are encouraged to review these materials.
Enact will discuss second quarter financial results in a conference call
tomorrow, Wednesday, August 2, 2023, at 8:00 a.m. (Eastern). Participants interested in joining the calls live question and answer session are required to pre-register by clicking here
to obtain your dial-in number and unique PIN. It is recommended to join at least 15 minutes in advance, although you may register ahead of the call and dial in at any time during the call. If you wish to join
the call but do not plan to ask questions, a live webcast of the event will be available on our website,
https://ir.enactmi.com/news-and-events/events.
The webcast also will be archived on the Companys website for one year.
About Enact
Enact (Nasdaq: ACT), operating
principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep
understanding of lenders businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management
to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is
headquartered in Raleigh, North Carolina.
Safe Harbor Statement
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking
statements may address, among other things, our expected financial and operational results, the related assumptions underlying our expected results, and the quotations of management. These forward-looking statements are distinguished by use of words
such as will, may, would, anticipate, expect, believe, designed, plan, predict, project, target, could,
should, or intend, the negative of these terms, and similar references to future periods. These views involve risks and uncertainties that are difficult to predict and, accordingly, our actual results may differ materially
from the results discussed in our forward-looking statements. Our forward-looking statements contained herein speak only as of the date of this press release. Factors or events that we cannot predict, including uncertainty around Covid-19 and the effects of government and other measures seeking to contain its spread; supply chain constraints; inflation; increases in interest rates; risks related to an economic downturn or recession in the
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