Enact Holdings Inc. (ACT) — ESG & Values Scores

Environment story

Enact Holdings is a private mortgage insurance company with no material direct operational emissions or climate-related business model exposure. The company operates as a financial services entity with office facilities in Raleigh, North Carolina and field operations across the U.S. No Scope 1, 2, or 3 emissions data is disclosed in the 10-K filing. The company has not published a net-zero commitment or climate sustainability report. Environmental scoring is constrained by absence of disclosed climate metrics, supply chain emissions data, and decarbonization initiatives. The company champions civic engagement including commitment to environmental sustainability and operates an employee foundation, but specific environmental projects or targets are not quantified.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

Environmental Sustainability Commitment

Company champions civic engagement through commitment to environmental sustainability and operates the Enact Foundation; specific environmental projects and quantified targets not disclosed.
Employee Fitness and Wellness Center

Office building in Raleigh, NC houses on-site employee fitness center with equipment, virtual classes, and massage therapy to support physical and mental health.

Social story

Enact Holdings demonstrates solid social governance practices. The company employs 419 full-time U.S.-based employees with no union representation; management reports good employee relations. The 10-K discloses comprehensive benefits including health insurance, paid parental leave, childcare subsidies, retirement plans, and tuition reimbursement. An employee-led diversity and inclusion council operates to build inclusive culture. The company reports formal performance reviews, succession planning, and mentorship programs. No documented labor disputes, strikes, or NLRB complaints are disclosed. CEO-to-worker pay ratio is not explicitly disclosed, preventing full assessment against the 200:1 threshold. Leadership diversity metrics (% women/URM in executive/board roles) are not quantified in the filing. Supply chain labor practices are not addressed. The company's customer base includes community banks and credit unions, serving homebuyers including first-time buyers, suggesting a social mission alignment.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

Comprehensive Compensation & Benefits

Compensation package includes salary, incentive bonus, long-term incentives, life and health insurance, paid time off, paid parental leave, childcare subsidies, retirement savings plans, financial planning services, Employee Assistance Program, and broad fitness reimbursement program.
Professional Development & Career Enrichment

Offers multitude of professional development opportunities in leadership, professional skills, industry-specific matters; mentor program; bespoke training for future senior leaders; tuition reimbursement; student loan repayment; formal annual performance reviews; deep succession planning at all organizational levels.
Diversity & Inclusion Council

Employee-led council focused on building inclusive culture through company-wide events and educating employees on experiences and perspectives of others.
Civic Engagement & Community Service

Champions civic engagement through paid volunteer time for employees, event sponsorship programs, employee-directed charitable gifts with 100% company match, and Enact Foundation.
Employee Voice & Feedback

Empowers employees to share perspectives through initiatives that increase access to Senior Leadership Team and open-door policies; uses best-in-class third-party approach to gather employee feedback.

Governance story

Enact Holdings operates under a majority ownership structure with Genworth Financial retaining at least 80% of common stock, creating a dual-control dynamic where the parent company exerts significant influence over corporate decisions and capital allocation. The 10-K does not disclose board independence percentage or dual-class voting structure details; however, the majority parental ownership itself constrains independent decision-making. The company has established a comprehensive governance framework including Risk Committee, Audit Committee, Nominating and Corporate Governance Committee, Independent Capital Committee, and Compensation Committee, with publicly available charters. No active antitrust proceedings, consumer-safety regulatory actions, or financial-fraud consent decrees are disclosed in the filing. Lobbying expenditures and PAC contributions are not disclosed. The company is heavily regulated as a mortgage insurer by state insurance departments (NCDOI as lead regulator), Bermuda Monetary Authority (for Enact Re), and the GSEs through PMIERs requirements. The company meets or exceeds PMIERs financial and operational requirements as of December 31, 2025, with 162% capital sufficiency ratio. No shareholder proposals challenging governance practices are disclosed in the 10-K excerpt provided.

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

PMIERs Compliance & Capital Management

Maintains comprehensive risk management framework to ensure compliance with GSE Private Mortgage Insurer Eligibility Requirements (PMIERs). As of December 31, 2025, the company held estimated available assets of $5,015 million against $3,096 million net required assets, resulting in 162% sufficiency ratio ($1,919 million above requirements). Annually certifies and submits quarterly reports to GSEs confirming PMIERs compliance.

Ensures continued eligibility to write new insurance on loans acquired by Fannie Mae and Freddie Mac.
Enterprise Risk Management Framework

Risk Committee of Board of Directors provides oversight and review of enterprise risk management policies and risk profile. Framework is designed to manage volatility, protect balance sheet, and identify credit, market, insurance, housing, operational, model, IT, and cybersecurity risks.
Credit Risk Transfer (CRT) Program

Utilizes CRT program to mitigate future loss volatility and drive efficient capital management. Distributes risk through traditional reinsurance (XOL and quota share) and insurance-linked notes via collateralized special purpose reinsurance vehicles. Reinsurance partners are rated A- or better by S&P or A.M. Best, or A3 or better by Moody's.

Protects future business performance and stockholder capital under stress scenarios.
Quality Assurance & Compliance Program

Independent quality assurance function conducts pre- and post-closing underwriting reviews; reviews statistically significant samples of loan files from customers and across delegated/non-delegated channels; provides feedback and training to underwriters.
Governance Documentation & Transparency

Website includes public charters of Audit Committee, Nominating and Corporate Governance Committee, Risk Committee, Independent Capital Committee, and Compensation Committee, plus Governance Principles and code of ethics.

These are Missionomics' own editorial scores — directional signals built from disclosed facts under a published method, not certifications or definitive ratings of Enact Holdings Inc.. Coverage and confidence vary by data point, and figures can lag real-world changes. Read the full Methodology for sourcing, scoring, and correction details — or open Enact Holdings Inc. in the app for interactive charts and portfolio building.

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