Enact Receives Ratings Upgrade from AM Best
AM Best upgraded Enact’s key insurance subsidiaries and issuer ratings, with a stable outlook that reflects performance and capital strength.
Rhea-AI Summary
Enact Holdings (ACT) received an upgrade from AM Best on the insurance financial strength ratings of Enact Mortgage Insurance Corporation and Enact Mortgage Insurance Corporation of North Carolina, raised to A from A-.
AM Best also upgraded Enact Holdings’ long-term issuer rating to bbb from bbb-, with a stable outlook on all ratings. The company’s CEO said this is the first AM Best upgrade since coverage began in 2023 and reflects Enact’s continued strong performance and capital position.
Positive
- Insurance financial strength ratings upgraded to A from A-
- Long-term issuer rating raised to bbb from bbb-
- AM Best ratings carry a stable outlook
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Underscores Enact’s Continued Strong Performance and Robust Capital Position
RALEIGH, N.C., Sept. 18, 2026 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that AM Best upgraded the insurance financial strength rating for our flagship insurance subsidiary, Enact Mortgage Insurance Corporation, and our operating insurance subsidiary, Enact Mortgage Insurance Corporation of North Carolina, to A from A-. AM Best also announced the upgrade of Enact Holdings, Inc.’s long-term issuer rating, to bbb from bbb-. The outlook for the ratings is stable.
“This represents Enact’s first upgrade from AM Best since they initiated coverage in 2023 and reflects our ability to consistently execute and deliver strong performance,” said Rohit Gupta, Enact’s President and Chief Executive Officer. “We remain confident in our business and in our ability to serve our lenders and their borrowers while also generating value for our shareholders.”
Additional information regarding the rating changes can be found in the full report issued by AM Best.
About Enact Holdings, Inc.
Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1980, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders' businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.
Investor Contact Jonathan Fleetwood EnactIR@enactmi.com Media Contact Sarah Wentz Sarah.Wentz@enactmi.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Which Enact subsidiaries had their insurance financial strength ratings upgraded by AM Best?
The insurance financial strength ratings were upgraded for Enact Mortgage Insurance Corporation, the flagship insurance subsidiary, and Enact Mortgage Insurance Corporation of North Carolina, an operating insurance subsidiary.
What reason does Enact give for the AM Best ratings upgrade?
The company states that the upgrade reflects its ability to consistently execute and deliver strong performance, highlighting a robust capital position and confidence in serving lenders and borrowers while generating value for shareholders.
When did AM Best first initiate coverage on Enact?
Coverage by AM Best was initiated in 2023, and this is described as Enact’s first ratings upgrade from AM Best since that time.