Enact Holdings, Inc.

Enact Holdings, Inc. is a private mortgage insurance company that has served the United States housing finance market since 1981. The company operates in all 50 states and the District of Columbia. Enact Holdings, Inc. writes and assumes residential mortgage guaranty insurance, which covers a portion of the unpaid principal balance of Low Down Payment Loans. These are mortgage loans where the loan amount exceeds 80% of the home's value. This insurance protects lenders and investors from losses if borrowers do not make payments on loans secured by a first lien on residential real estate. The company's primary customers are originators of residential mortgage loans, including national banks, non-bank mortgage lenders, local mortgage bankers, community banks, and credit unions. Enact Holdings, Inc. facilitates the sale of mortgages to the secondary market, including to private investors, Fannie Mae, and Freddie Mac. This credit protection and liquidity enable mortgage lenders to increase their lending capacity, manage risk, and expand financing access for prospective homeowners, including first-time home buyers. In 2025, the company provided new insurance coverage to approximately 1,600 customers. For the full years ended December 31, 2025, 2024, and 2023, new insurance written (NIW) was $51.5 billion, $51.0 billion, and $53.1 billion, respectively. Net income was $674 million, $688 million, and $666 million in 2025, 2024, and 2023, respectively. Adjusted operating income was $688 million, $718 million, and $676 million for 2025, 2024, and 2023, respectively.