Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company is involved in writing and assuming residential mortgage guaranty insurance. It offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and contract underwriting services for mortgage lenders. The company was formerly known as Genworth Mortgage Holdings, Inc. and changed its name to Enact Holdings, Inc. in May 2021. Enact Holdings, Inc. was founded in 1981 and is headquartered in Raleigh, North Carolina. Enact Holdings, Inc. is a subsidiary of Genworth Holdings, Inc.

Enact Holdings, Inc.

Genworth

At Enact Mortgage Insurance, we understand that there’s no place like home. That’s why we bring our deep expertise, insightful offerings and extra-mile service to work every day to help lenders put more people in homes and keep them there.

*Enact insurers include Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina*

Enact Mortgage Insurance

Congratulations to Enact's Enterprise Analytics team for being recognized as a 2023 OnCon Icon "Top 50 Data & Analytics Team" Award winner! This award recognizes the top Data & Analytics teams in the world, and Enact is proud to be among this year's honorees. Check out the full list of winners here: https://lnkd.in/epgRg-P8

Ready for your next act in #Audit? #EnactMI is #hiring. We welcome all qualified candidates to apply for our open Senior #IT Auditor role. For more information, check out the job posting here --> https://lnkd.in/eUnpuNZd

Save time and strengthen your borrower relationships when you achieve first pass approval on a #MI application for non-delegated loans. Get helpful tips and download a checklist of required documentation for these loans in our latest blog here: https://lnkd.in/gRfwwwc3

We are proud to announce that Enact's #nontraditionalcredit product has been named a winner of Profiles in Diversity Journal's 2023 Innovations in Diversity Award. Congratulations to all of the winners, and thank you for your efforts in creating innovative solutions to foster diversity, equity, and inclusion.

When you're talking to #borrowers considering #MI to finance a home, remind them that MI may help them get into a home faster and won't be part of their monthly mortgage payment forever. It's cancelable! Get a refresher on MI cancellation and termination today by watching the video below:

In observation of Thanksgiving, the ActionCenter will be closed on Thursday, 11/23 and Friday, 11/24. We will be back in action on Monday, 11/27.

Are you prepared to help prospective buyers navigate homeownership hurdles? In the November edition of National Mortgage Professional, #EnactMI Director of Customer Education Mary Kay Scully shares how loan officers can help prospective buyers get ready to buy: https://lnkd.in/g7df8vZV

We've had some new faces join the #EnactMI team over the last several weeks. Please join us in giving a warm welcome to Priya Kanda, Khanh Doan, Jacob Wubbenhorst, CPA, Murat O., and Matthew Pender. Welcome, all, we're so glad to have you onboard!

Quality #underwriting is always in demand! If your business is experiencing growth or fluctuations in loan volume due to today’s #mortgage marketplace, you may want to consider how contract underwriting services may be a great addition to your team. Learn more in our latest blog: https://lnkd.in/g8X_5q64

The #EnactMI December training calendar is live! This month's courses will cover the NAR 2023 Profile of Homebuyers and Sellers and reviewing tax form Schedule E for rental income. Have your NMLS ID handy and sign up here: bit.ly/3O3V2At

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	677.63M -	370.42M 45.34%	546.68M 47.58%	704.16M 28.80%	665.51M 5.49%
depreciation and amortization	-2.90M -		3.33M -	-749K 122.52%	4.12M 650.60%
deferred income tax	56.73M -	11.13M 80.38%	-1.42M 112.79%	-2.30M 61.38%	-1.83M 20.28%
stock based compensation	2.90M -		1.50M -	9.88M 560.63%	15.28M 54.60%
change in working capital	-156.20M -	309.89M 298.39%	21.13M 93.18%	-158.22M 848.92%	-61.54M 61.10%
accounts receivables	-1.16M -	-5.30M 359.13%	4.20M 179.16%	528K 87.42%	-3.33M 731.06%
inventory
accounts payables
other working capital	-155.05M -	315.19M 303.29%	16.93M 94.63%	-158.75M 1,037.76%	-58.21M 63.33%
other non cash items	-78.14M -	12.91M 116.52%	907K 92.97%	7.74M 753.58%	10.50M 35.61%
net cash provided by operating activities	500.02M -	704.35M 40.86%	572.12M 18.77%	560.51M 2.03%	632.04M 12.76%
investments in property plant and equipment	-175.99M -		-685.65M -	6.62M 100.96%
acquisitions net	510.25M -		-27.30M -	-6.52M 76.14%
purchases of investments	-951.28M -	-1.94B 104.19%	-1.58B 18.49%	-1.22B 22.99%	-1.04B 15.11%
sales maturities of investments	617.02M -	805.55M 30.56%	1.21B 50.43%	1.01B 17.02%	819.58M 18.50%
other investing activites	175.99M -		685.65M -	-6.62M 100.96%	-13.93M 110.54%
net cash used for investing activites	175.99M -	-1.14B 746.02%	-398.78M 64.92%	-220.25M 44.77%	-229.40M 4.15%
debt repayment		-737.65M -
common stock issued
common stock repurchased				-1.53M -	-87.76M 5,628.59%
dividends paid	-250M -	-437.35M 74.94%	-200.29M 54.20%	-250.78M 25.20%	-212.96M 15.08%
other financing activites		1.48B -
net cash used provided by financing activities	-250M -	300.30M 220.12%	-200.29M 166.70%	-252.31M 25.97%	-300.73M 19.19%
effect of forex changes on cash			-7K -
net change in cash	426.01M -	-132.26M 131.05%	-26.97M 79.61%	87.95M 426.14%	101.91M 15.87%
cash at beginning of period	159.05M -	585.06M 267.84%	452.79M 22.61%	425.83M 5.96%	513.77M 20.65%
cash at end of period	585.06M -	452.79M 22.61%	425.83M 5.96%	513.77M 20.65%	615.68M 19.84%
operating cash flow	500.02M -	704.35M 40.86%	572.12M 18.77%	560.51M 2.03%	632.04M 12.76%
capital expenditure	-175.99M -		-685.65M -	6.62M 100.96%
free cash flow	324.03M -	704.35M 117.37%	-113.53M 116.12%	567.13M 599.52%	632.04M 11.45%

NASDAQ:ACT

Enact Holdings, Inc.

Last Close

34.20

26/07 20:00

Market Cap

4.81B

Beta: -

Volume Today

203.30K

Avg: 125.95K

PE Ratio

6.82

PFCF: 7.23

Dividend Yield

4.79%

Payout:42.83%

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