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US private mortgage insurer protecting lenders against borrower default on low-down-payment home loans, majority-owned by Genworth.
US private mortgage insurer protecting lenders against borrower default on low-down-payment home loans, majority-owned by Genworth.
Collects premiums, usually paid monthly by borrowers through their lenders, on mortgages with small down payments, and pays claims if borrowers default and a sale leaves a loss. Premiums keep flowing for as long as loans stay in force. It passes part of the risk to reinsurers and capital markets. Genworth floated it in 2021 and owns most of the shares.
Moat: narrow (regulatory licence, scale, customer qualification). GSE eligibility and lender approvals are a licensed, slow-to-replicate barrier to new entrants.
Headquarters: Raleigh, North Carolina, US · Founded: 1981 · Employees: 419
Size Enact (ACT) is a United States Financials company (Multi-Line Insurance) with a market value of $6.38B, the 1016th largest of 3,117 United States companies the cockpit tracks. Shares closed at $46.43 on 6 Nov 2026.
Performance Over six months the shares gained 5.4%, against +6.9% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 2.5% over the last twelve months (peer median +7.9%); the operating margin is 73.1% (peer median 15.0%).
Valuation It trades at 1.19× book value against a peer median of 1.29× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 7.9%; Enact delivers 12.9%, so the price asks less than the business earns today.
Credit Enact has 1 bond outstanding ($750M), rated BBB- by the agencies and trading like BBB- at a weighted spread of 124 bp.
Short interest Short interest is 2.2% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.25B | $1.24B | $1.20B | $1.15B | $1.10B |
| Revenue growth | — | +3% | +4% | +5% | — |
| Net income | $683M | $674M | $688M | $666M | $704M |
| Free cash flow | $721M | $725M | $686M | $632M | $561M |
| Capital expenditure | $0 | $0 | $0 | $0 | $0 |
| Total debt | $745M | $752M | $754M | $759M | $759M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Enact ACT | $6.38B | +5% | +2% | 13% | 1.19× | 7.9% |
| MGIC Investment MTG | $5.87B | +7% | -2% | 14% | 1.18× | 8.9% |
| Radian RDN | $4.76B | -5% | +28% | 12% | 1.00× | 8.3% |
| Essent ESNT | $5.70B | 0% | +4% | 12% | 1.01× | 8.5% |
| NMI NMIH | $2.94B | 0% | +8% | 15% | 1.10× | 7.9% |
| Arch Capital ACGL | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ACT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.5% | +2.8% | 8th lowest of 21 |
| 6-month return | +5.4% | +6.9% | 10th lowest of 21 |
| Return on equity | 12.9% | 16.3% | 7th lowest of 21 |
| Price / book | 1.19× | 1.29× | 10th cheapest of 21 |
| Trailing P/E | 9.8× | 9.9× | 11th cheapest of 21 |
| ROE the price implies | 7.9% | 8.1% | 9th least demanding of 21 |
| ROE delivered | 12.9% | 16.0% | 7th lowest of 20 |
| Bond spread | 124 bp | 119 bp | 5th tightest of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Enact ACT | United States | $6.38B | +5% | +2% | 13% | 1.19× | 7.9% | 12.9% |
| RLI RLI | United States | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% | 22.1% |
| China Reinsurance (Group) 1508.HK | Hong Kong | $6.64B | -5% | +11% | 10% | 0.40× | 5.5% | 9.7% |
| Sony Financial 8729.T | Japan | $6.06B | +1% | -10% | 14% | 1.08× | 5.1% | 14.4% |
| Db Insurance 005830.KS | South Korea | $6.90B | +2% | -14% | 17% | 0.85× | 5.1% | 17.0% |
| FWD 1828.HK | Hong Kong | $5.54B | +7% | +24% | 4% | 0.92× | 7.3% | 4.1% |
| Great Eastern G07.SI | Singapore | $7.47B | +21% | +27% | 15% | 1.73× | 11.4% | 14.8% |
| Axis Capital AXS | United States | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% | 16.0% |
| Sunshine Insurance 6963.HK | Hong Kong | $5.35B | 0% | +8% | 14% | 0.66× | 5.4% | 13.7% |
| White Mountains Insurance WTM | United States | $5.35B | +5% | +21% | 22% | 0.99× | 6.3% | 21.9% |
| Lincoln National LNC | United States | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% | 22.6% |
| CNO Financial CNO | United States | $5.09B | +20% | +2% | 17% | 2.19× | 16.0% | 16.9% |
| Hiscox HSX.L | United Kingdom | $8.08B | +18% | +4% | 17% | 2.06× | 15.1% | 16.6% |
| China Taiping Insurance 0966.HK | Hong Kong | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% | 36.2% |
| Kinsale Capital KNSL | United States | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% | 27.8% |
| Alm. Brand A/S ALMB.CO | Denmark | $3.70B | +16% | +3% | 9% | 2.19× | 7.3% | 8.8% |
| Hamilton Insurance HG | United States | $3.64B | +20% | +20% | 19% | 1.24× | 8.0% | 19.0% |
| Aditya Birla Capital ABCAPITAL.NS | India | $11.5B | +8% | +24% | 12% | 2.56× | 41.9% | 12.1% |
| Globe Life GL | United States | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% | n/a |
| Unum UNM | United States | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% | 2.6% |
| Genworth Financial GNW | United States | $3.29B | -5% | -1% | 2% | 0.38× | 5.3% | 2.3% |
Enact has 1 bond outstanding with $750M face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.74%, a spread of 124 bp over government bonds.