2024-02-07 16:29:05 ET
Enact Holdings, Inc. (ACT)
Q4 2023 Earnings Conference Call
February 07, 2024 08:00 AM ET
Company Participants
Daniel Kohl - VP, IR
Rohit Gupta - President & CEO
Dean Mitchell - EVP & CFO
Conference Call Participants
Richard Shane - JPMorgan
Mihir Bhatia - Bank of America Merrill Lynch
Geoffrey Dunn - Dowling Partners
Jake Fuller - BTIG
Arren Cyganovich - Citi
Presentation
Operator
Hello, and welcome to Enact's Fourth Quarter Earnings Call. Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker, Daniel Kohl, Vice President of Investor Relations. You may begin.
Daniel Kohl
Thank you, and good morning. Welcome to our fourth quarter earnings call. Joining me today are Rohit Gupta, President and Chief Executive Officer; and Dean Mitchell, Chief Financial Officer and Treasurer. Rohit will provide an overview of our business performance and progress against our strategy. Dean will then discuss the details of our quarterly results before turning the call back to Rohit for closing remarks. We will then take your questions. The earnings materials we issued after market close yesterday contain our financial results for the quarter, along with a comprehensive set of financial and operational metrics. These are available on the Investor Relations section of the company's website at www.ir.enactmi.com.
Today's call is being recorded and will include the use of forward-looking statements. These statements are based on current assumptions, estimates, expectations, and projections as of today's date. Additionally, they are subject to risks and uncertainties, which may cause actual results to be materially different, and we undertake no obligation to update or revise such statements, as a result of new information. For a discussion of these risks and uncertainties, please review the cautionary language regarding forward-looking statements in today's press release as well as in our filings with the SEC, which will be available on our website.
Please keep in mind the earnings materials and management's prepared remarks today include certain non-GAAP measures. Reconciliations of these measures to the most relevant GAAP metrics can be found in the press release, our earnings presentation, and our upcoming SEC filing on our website.
With that, I'll turn the call over to Rohit.
Rohit Gupta
Thanks, Daniel. Good morning, everyone. We delivered very strong fourth quarter and full year 2023 results, including high quality growth in our insured portfolio, strong credit performance, increasing investment income, expense efficiency, and solid profitability in return, while also returning substantial capital to our shareholders....
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Enact Holdings, Inc. (ACT) Q4 2023 Earnings Conference Call Transcript