Advisorshares Vice Etf Stock Earnings Reports

Enact reported a strong start to 2026 with adjusted operating income of $172 million ($1.21 per diluted share) and an adjusted ROE ~13%. New insurance written (NIW) was $13 billion, driving primary insurance-in-force to $272 billion. Persistency remained elevated at 80%, supported by a large portion of loans with rates below 6%. Credit performance was resilient: new delinquency rates were in line with pre-pandemic levels (1.5%), cures improved, losses were $37 million (15% loss ratio), and management booked a $39 million net reserve release. Expense discipline continued, with operating expenses on track for guidance of $215–$220 million (ex reorganization). Capital and liquidity remain strong: PMIERs sufficiency was 162% (~$1.9 billion above requirements), a diversified CRT program, and $123 million returned to shareholders in Q1 (share repurchases and dividends). The Board approved a 14% increase to the quarterly dividend (from $0.21 to $0.24), and management reiterated ~ $500 million total capital return guidance for 2026. Strategic highlights: Rate360 (dynamic pricing engine) continues to guide granular, risk-adjusted pricing and Enact Re remains a growing, capital-efficient diversification channel. Management supports planned credit-score modernization (VantageScore 4.0) but awaits regulatory guidance (PMIERs) to incorporate into pricing/capital frameworks. Key risks called out are rate volatility, regional housing price variations, and macroeconomic uncertainty, which management said they are monitoring and pricing for prudently.