Here are the 10-K annual reports from Enact Holdings, Inc. (ACT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow ACT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ACT filings page.
Enact Holdings, Inc. is a leading U.S. private mortgage insurer focused on low down payment home loans, operating in all 50 states and the District of Columbia. Its insurance helps lenders sell mortgages into the secondary market, including to Fannie Mae and Freddie Mac, by covering a portion of unpaid principal when borrowers default.
For the year ended December 31, 2025, Enact wrote new insurance on $51.5 billion of mortgages and reported net income of $674 million and adjusted operating income of $688 million. The insured portfolio has a weighted average loan-to-value of 93% and a weighted average FICO score of 746, reflecting a focus on higher-quality borrowers despite high LTVs.
The company uses an extensive credit risk transfer program, including excess-of-loss reinsurance and mortgage insurance-linked notes, to shift part of its mortgage credit exposure to reinsurers and capital markets while also supporting capital requirements under PMIERs. As of December 31, 2025, Enact reported estimated PMIERs available assets of $5,015 million against net required assets of $3,096 million, a 162% sufficiency ratio. Its investment portfolio totaled $6.1 billion of predominantly investment-grade fixed maturities plus $582 million in cash, and it employed 419 full-time staff, largely in Raleigh, North Carolina and field underwriting and sales roles.