Enact Holdings Inc (ACT)

In July 2025, Enact reported its Second Quarter results with GAAP Net Income of $168 million and Adjusted Operating Income of $174 million, or $1.15 per diluted share, which was $0.04 ahead of expectations, and announced a $0.21 per share quarterly dividend. In September 2025, AM Best revised its outlooks to positive and affirmed the Financial Strength Rating of A- and Long-Term Issuer Credit Ratings of "a-" for Enact's operating subsidiaries. By October 2025, a Seeking Alpha analysis maintained a "Hold" rating for ACT, citing persistent PMI market headwinds but noting potential improvements from housing and rate trends. In January 2026, Enact Holdings, Inc. stock reached a new 52-week high of $41.27.

Demand for Enact Holdings, Inc.'s mortgage insurance products is linked to the seasonality of the U.S. housing market. The spring and summer months constitute the peak home-buying season, leading to increased demand. The winter and year-end periods generally experience a slowdown in mortgage market activity. Lender capacity constraints during high-demand periods can also affect refinance loan applications. Fluctuations in mortgage rates and home prices also play a significant role.

Enact Holdings, Inc., operating through its subsidiary Enact Mortgage Insurance Corporation, provides residential mortgage guaranty insurance to protect lenders and investors against losses from mortgage defaults. The company facilitates mortgage sales to the secondary market and offers private mortgage insurance, contract underwriting services, and mortgage-related reinsurance products. Enact provides flexible premium options and borrower benefits. Founded in 1981 and headquartered in Raleigh, North Carolina, Enact Holdings is a subsidiary of Genworth Holdings Inc. and is a top private mortgage insurance provider in the U.S.

Enact Holdings, Inc. operates across all 50 states and the District of Columbia in the United States and its headquarters are located in Raleigh, North Carolina.

Enact Holdings, Inc. maintains a positive brand reputation, recognized for its excellence in underwriting and prudent risk and capital management. The company is considered a partner of choice for over 1,800 lenders. In January 2025, Enact Holdings, Inc. received a Fitch Ratings upgrade for its insurance subsidiary and senior debt. In September 2025, AM Best revised its outlooks to positive and affirmed the Financial Strength Rating of A- and Long-Term Issuer Credit Ratings of "a-" for Enact's operating subsidiaries.

Genworth Holdings Inc. is the largest shareholder of Enact Holdings, Inc., holding 79.80% of the shares. Other major institutional owners include BlackRock, Inc., Vanguard Group Inc., and Dimensional Fund Advisors Lp. Institutional shareholders collectively own approximately 21.21% to 21.87% of the company, excluding Genworth Holdings Inc.