Enact Holdings, Inc. (ACT)
|Net Income (ttm)||370.42M|
|Day's Range||n/a - n/a|
|52-Week Range||n/a - n/a|
The initial public offering for Genworth Financial's mortgage insurance subsidiary could raise over $623 million in proceeds, all of which are going to its parent company.
Genworth Mortgage Holdings, Inc. (GMHI) today announced that it has commenced an initial public offering of 22,576,140 shares of common stock....
Enact Holdings, Inc. has filed to go public with an IPO on the NASDAQ.
The unit says its parent's challenges in the long-term care insurance business could cause headaches.
Enact Holdings is a leading private mortgage insurance company serving the United States housing finance market since 1981 with a mission to help people buy a house and keep it their home. We operate in all 50 states and the District of Columbia and have a leading platform based on long-tenured customer relationships with mortgage lenders, underwriting excellence and prudent risk and capital management practices. As a private mortgage insurer, we play a critical role in the United States housing finance system. We provide credit protection to m... [Read more...]
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In 2020, Enact Holdings's revenue was $1.11 billion, an increase of 13.04% compared to the previous year's $978.85 million. Earnings were $370.42 million, a decrease of -45.34%.