ACT · CIK 0001823529 · operating
# Enact Holdings, Inc. (ACT)
Enact Holdings operates as a private mortgage insurance (PMI) company, writing residential mortgage guaranty insurance and related products in the United States. The company provides mortgage insurance that protects lenders against borrower default, enabling homebuyers with lower down payments to access financing. In addition to standard PMI policies, Enact offers contract underwriting services to mortgage originators and mortgage-related reinsurance products. The company primarily serves residential mortgage lenders and loan originators across the United States.
The company's core business centers on insuring individually underwritten, prime-based residential mortgage loans. Enact maintains a portfolio of insurance in force covering residential mortgages, generating revenue through insurance premiums. The mortgage insurance sector is cyclical, tied to housing activity, mortgage origination volumes, and delinquency rates. Enact operates as a subsidiary of Genworth Holdings Inc., a diversified financial services company. The firm was formerly known as Genworth Mortgage Holdings and adopted its current name in May 2021, tracing its origins to 1981. Headquarters are located in Raleigh, North Carolina.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $4.52 | $4.54 | +3.4% | |
| 2024 | $4.37 | $4.40 | +6.3% | |
| 2023 | $4.11 | $4.14 | -4.6% | |
| 2022 | $4.31 | $4.32 | +28.3% | |
| 2021 | $3.36 | $3.36 | — |