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Enact Holdings, Inc. ACT Liability for Unpaid Claims and Claims Adjustment Expense, Net
Discontinued — last reported Q3 '23
Liability for Unpaid Claims and Claims Adjustment Expense, Net at other companies
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Where this comes from
Reported directly by Enact Holdings, Inc. in its filing.
Tagged under the XBRL concept us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseNet.
The source filing: Enact Holdings, Inc.’s 10-Q, filed November 2, 2023.
- Filed
- Nov 2, 2023, 4:04 PM EDT
- Fiscal quarter
- Q3 FY2023
- Calendar quarter
- Q3 2023
- Accession
- 0001823529-23-000211
| (Amounts in thousands) | 2023 | 2022 |
|---|---|---|
| Total incurred (1) | 2,834 | (112,295) |
| Losses and LAE paid related to current accident year | (697) | (1,005) |
| Losses and LAE paid related to prior accident years | (20,458) | (17,772) |
| Total paid (1) | (21,155) | (18,777) |
| Net loss reserves, ending balance | 500,009 | 509,572 |
| Reinsurance recoverable, ending balance | 429 | — |
| Run-off reserves | 655 | 665 |
| Loss reserves, ending balance | $501,093 | $510,237 |
Item 1. Financial Statements
FAQ
- What is Enact Holdings, Inc.'s liability for unpaid claims and claims adjustment expense, net?
- Enact Holdings, Inc. (ACT) reported liability for unpaid claims and claims adjustment expense, net of $500.01M in Q3 2023.
- How has Enact Holdings, Inc.'s liability for unpaid claims and claims adjustment expense, net changed year-over-year?
- Enact Holdings, Inc.'s liability for unpaid claims and claims adjustment expense, net decreased by 1.9% year-over-year, from $509.57M to $500.01M.
- What is the long-term trend for Enact Holdings, Inc.'s liability for unpaid claims and claims adjustment expense, net?
- Over 2 years (2020 to 2022), Enact Holdings, Inc.'s liability for unpaid claims and claims adjustment expense, net has grown at a -3.4% compound annual growth rate (CAGR), from $555.03M to $518.33M.
- What does liability for unpaid claims and claims adjustment expense, net mean?
- Liability for Unpaid Claims and Claims Adjustment Expense, Net
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