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Stockholders' equity
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Stockholders' equity Stockholders’ equity
Share Repurchase Program
On August 1, 2023, we announced the authorization of a share repurchase program which allowed for the repurchase of up to $100 million of EHI’s common stock. On May 1, 2024, we announced the authorization of a share repurchase program that allows for the repurchase of an additional $250 million of EHI’s common stock. Under the program, share repurchases may be made at our discretion from time to time in open market transactions in compliance with Rule 10b-18 under the Securities Exchange Act of 1934, as amended, privately negotiated transactions, or by other means, including through Rule 10b5-1 trading plans. In support, Enact has entered into an agreement with Genworth Holdings, Inc. to repurchase its Enact shares as part of the program to maintain Genworth’s current ownership interest in Enact. We expect the timing and amount of any future share repurchases will be opportunistic and will depend on a variety of factors, including EHI’s share price, capital availability, business and market conditions, regulatory requirements, and debt covenant restrictions. Each program does not obligate EHI to acquire any amount of common stock, may be suspended or terminated at any time at the Company’s discretion without prior notice, and does not have a specified expiration date.
During the three months ended March 31, 2025, the Company purchased 1,962,023 shares at an average price of $33.38 per share, excluding commissions, compared to 1,779,838 shares at an average price of $27.51 per share, excluding commissions, during the three months ended March 31, 2024. As of March 31, 2025, $27.4 million remained available under the share repurchase program that was announced on May 1, 2024. All treasury stock has been retired as of March 31, 2025.
Subsequent to quarter end, the Company purchased 693,345 shares at an average price of $34.60 per share through April 30, 2025. On April 30, 2025, we also announced the authorization of a new share repurchase program that allows for the repurchase of an additional $350 million of EHI’s common stock.
Cash Dividends
The following table presents the amount of dividends declared and paid, on a per share basis, for each quarter and annual period.
Quarter Ended20252024
March 31$0.185 $0.16 
June 30N/A0.185 
September 30N/A0.185 
December 31N/A0.185 
Total dividends per common share declared and paid$0.185 $0.715 
Subsequent to quarter end we announced an increase of our quarterly dividend to $0.21 per common share.