Enact Holdings Inc
NASDAQ:ACT

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Enact Holdings Inc
NASDAQ:ACT
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Price: 32.72 USD 0.37% Market Closed
Market Cap: 5B USD
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Enact Holdings Inc
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Enact Holdings Inc
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
Enact Holdings Inc
NASDAQ:ACT
Tax Provision
-$186m
CAGR 3-Years
-22%
CAGR 5-Years
-7%
CAGR 10-Years
N/A
MGIC Investment Corp
NYSE:MTG
Tax Provision
-$201.1m
CAGR 3-Years
-8%
CAGR 5-Years
-4%
CAGR 10-Years
-51%
PennyMac Financial Services Inc
NYSE:PFSI
Tax Provision
-$47.3m
CAGR 3-Years
53%
CAGR 5-Years
12%
CAGR 10-Years
-7%
UWM Holdings Corp
NYSE:UWMC
Tax Provision
$6.5m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Rocket Companies Inc
NYSE:RKT
Tax Provision
$12.8m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Mr Cooper Group Inc
NASDAQ:COOP
Tax Provision
-$179m
CAGR 3-Years
28%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

Enact Holdings Inc
Glance View

Market Cap
5.1B USD
Industry
Financial Services

Enact Holdings Inc. stands as a notable entity in the domain of private mortgage insurance, emerging from its roots as a subsidiary of Genworth Financial. Its core business revolves around providing private mortgage insurance coverage, a financial product that protects mortgage lenders from potential losses if a borrower defaults. This insurance plays a crucial role in enabling consumers to purchase homes with lower down payments by reducing the risk exposure for lenders. With a keen focus on underwriting and risk management, Enact Holdings collaborates with lenders to offer a suite of mortgage insurance solutions that serve to bridge the gap between homebuyers and lenders, facilitating more accessible homeownership. Amidst the dynamic real estate sector, Enact Holdings consistently delves into risk analytics and technological advancements to optimize its offerings. By evaluating credit, debt, and income patterns, the company adeptly prices its insurance products to align with market demands and economic conditions. Revenue streams are largely generated from premium payments made by borrowers as part of their mortgage agreements, which are typically integrated into monthly mortgage payments. This business model positions Enact Holdings to benefit from positive housing market trends while requiring stringent management of insurance claims and policyholder relations, all aimed at maintaining financial health and market credibility.

ACT Intrinsic Value
47.37 USD
Undervaluation 31%
Intrinsic Value
Price

See Also

What is Enact Holdings Inc's Tax Provision?
Tax Provision
-186m USD

Based on the financial report for Dec 31, 2023, Enact Holdings Inc's Tax Provision amounts to -186m USD.

What is Enact Holdings Inc's Tax Provision growth rate?
Tax Provision CAGR 5Y
-7%

Over the last year, the Tax Provision growth was 4%. The average annual Tax Provision growth rates for Enact Holdings Inc have been -22% over the past three years , -7% over the past five years .

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