DecideAct (ACT: LSE) Investor Relations Material

Overview

Enact Holdings, Inc.: A Mortgage Insurer Flying Under the Radar Enact Holdings, Inc. operates as a private mortgage insurance company that flies under the radar of many investors. The North Carolina-based company offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and contract underwriting services for mortgage lenders. Enact Holdings primarily serves residential mortgage loan originators, including some of the country's biggest lenders. Founded in 1981 as Genworth Mortgage Holdings, Inc., the company changed its name to Enact Holdings, Inc. in May 2021. The move was part of a restructuring plan to spin off Genworth Financial's mortgage insurance business into a separate entity. Today, Enact Holdings operates as a subsidiary of Genworth Holdings, Inc. Despite its low profile, Enact Holdings has carved out a sizable niche in the mortgage insurance market, providing coverage to a range of borrower types. The company's private mortgage insurance products are designed to help lenders mitigate risk and comply with regulatory requirements. In addition, the company offers contract underwriting services to lenders seeking to outsource part of their underwriting process. Overall, Enact Holdings has remained a steady performer in the competitive world of mortgage insurance, although the industry faces challenges as the U.S. housing market heats up. Despite these challenges, Enact Holdings' consistent performance and its parent company's commitment to the mortgage insurance business suggest that the company will continue to play an important role in the industry for years to come.