ACT

Enact Holdings, Inc. provides private mortgage insurance and other credit protection products to the U.S. residential mortgage industry. Headquartered in Raleigh, North Carolina, the company operates as one of the largest private mortgage insurers in the United States, serving lenders of all sizes from large banks to community institutions and credit unions. Enact's primary business involves insuring mortgage lenders against borrower default on residential mortgages, typically those with loan-to-value ratios exceeding 80 percent. The company writes mortgage insurance on both purchased and refinanced homes through its primary insurance products, while also offering contract underwriting services and bulk portfolio transactions. Enact separated from Genworth Financial through an initial public offering in September 2021, establishing itself as an independent publicly traded entity. The company maintains approximately $700 million in claims-paying resources and has insurance in force exceeding $200 billion. In recent years, Enact has invested significantly in technology infrastructure and data analytics capabilities to enhance underwriting efficiency and risk assessment. The company employs roughly 1,000 people and maintains a disciplined approach to capital management, returning capital to shareholders through dividends and share repurchases while maintaining strong regulatory capital ratios required by its state insurance regulator and government-sponsored enterprise customers.