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
revenue	978.85M -	1.11B 13.04%	1.12B 1.24%	1.10B 2.24%	1.15B 5.36%
cost of revenue
gross profit	978.85M -	1.11B 13.04%	1.12B 1.24%	1.10B 2.24%	1.15B 5.36%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses
research and development expenses
other expenses	-149.63M -	-639.62M 327.48%	-428.81M 32.96%	226.94M 152.92%	-223.15M 198.33%
cost and expenses	260.68M -	634.04M 143.22%	424.97M 32.97%	196.82M 53.69%	-250.31M 227.17%
operating expenses	-149.63M -	-639.62M 327.48%	-428.81M 32.96%	226.94M 152.92%	223.15M 1.67%
interest expense		18.24M -	51.01M 179.59%	51.70M 1.35%	51.87M 0.32%
ebitda	829.23M -	466.84M 43.70%	691.38M 48.10%	949.92M 37.40%
operating income	829.23M -	466.84M 43.70%	691.38M 48.10%	949.92M 37.40%	930.54M 2.04%
depreciation and amortization	-718.17M -	-490.66M 31.68%	-748.97M 52.64%	-953.38M 27.29%
total other income expenses net	-111.06M -	5.58M 105.02%	3.84M 31.10%	-51.70M 1,445.98%	851.51M 1,747.05%
income before tax	718.17M -	472.42M 34.22%	695.22M 47.16%	898.22M 29.20%	851.51M 5.20%
income tax expense	155.83M -	102.00M 34.55%	148.53M 45.62%	194.06M 30.66%	186.00M 4.16%
net income	677.63M -	370.42M 45.34%	546.68M 47.58%	704.16M 28.80%	665.51M 5.49%
weighted average shs out	162.84M -	162.84M 0%	162.84M 0%	162.84M 0.00%	160.87M 1.21%
weighted average shs out dil	162.84M -	162.84M 0%	162.88M 0.02%	163.29M 0.25%	161.85M 0.89%
eps	3.45 -	2.27 34.20%	3.36 48.02%	4.32 28.57%	4.14 4.17%
epsdiluted	3.45 -	2.27 34.20%	3.36 48.02%	4.31 28.27%	4.11 4.64%

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%

Preview