Enact Holdings Inc
enactmi.comWhat Do They Do?
Insures low-down-payment home loans for mortgage lenders and investors, covering part of their losses if borrowers fail to pay.
10-K for FY2025, filed Feb 27, 2026
How Do They Make Money?
Borrowers or lenders pay premiums for mortgage coverage, monthly alongside the loan payment or as a single upfront payment at closing; Enact also earns investment income by investing the premiums.
10-K for FY2025, filed Feb 27, 2026
$1.2B
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10-K for FY2025, filed Feb 27, 2026
$1.2B ↗
Who Are Their Customers?
Mortgage lenders—including banks, non-bank lenders, mortgage bankers and credit unions—buy coverage through Enact’s sales force, inside sales representatives and digital ordering tools.
10-K for FY2025, filed Feb 27, 2026Our long-standing industry presence has enabled us to build active customer relationships with approximately 1,600 mortgage lenders across…View ↗
Sales and MarketingView ↗
Technology that supports connectivity with our customers is critical and we focus on our customer technology processes and integrations. We…View ↗
10-K for FY2025, filed Feb 27, 2026
We have a broad customer base of mortgage lenders diversified by size, type and geography that includes large money center banks, non-bank…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 55 cents of every revenue dollar as net income in FY2025.
How Are They Changing?
Growing. Revenue grew 11% in 4 years, from $1.1B in FY2021 to $1.2B in FY2025, about 3% a year.
Bermuda reinsurance operations
The older report describes operations as domestic apart from a Mexico run-off block; the latest report also describes Bermuda-based Enact Re reinsuring new and existing coverage written by the primary insurance subsidiary.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 27, 2026We operate a majority of our business through our primary insurance subsidiary, Enact Mortgage Insurance Corporation (“EMICO”). EMICO is an…View ↗
Who Do They Compete With?
Competes with Arch Capital Group, Essent Group, MGIC Investment, NMI Holdings, and Radian Group
10-K for FY2025, filed Feb 27, 2026The United States private mortgage insurance industry is highly competitive. We compete on pricing, underwriting guidelines, customer…View ↗
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