Enact Re, Ltd. Receives A- Rating from S&P Global Ratings
2024年8月20日 - 6:06AM
Enact Holdings, Inc. (Nasdaq: ACT) (Enact) a
leading provider of private mortgage insurance through its
insurance subsidiaries, today announced that S&P Global Ratings
has assigned an A- rating to Enact Re, Ltd. (Enact Re), a
subsidiary of Enact Mortgage Insurance Company (EMICO). The outlook
for the ratings is stable.
“We are pleased to have Enact Re Ltd. receive its first credit
rating from S&P,” said Rohit Gupta, Enact’s President and Chief
Executive Officer. “This rating is a testament to our continued
strong capital position and disciplined execution. Looking ahead,
we’re committed to maintaining robust financial health and serving
our stakeholders while delivering significant value for our
shareholders.”
Additional information regarding the rating changes can be found
in the full report issued by S&P.
About Enact Holdings,
Inc.Enact (Nasdaq: ACT), operating
principally through its wholly-owned subsidiary Enact Mortgage
Insurance Corporation since 1981, 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.
Safe Harbor Statement This communication
contains “forward-looking statements” within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements may address, among other things, our
expected financial and operational results, the related assumptions
underlying our expected results, guidance concerning the future
return of capital and the quotations of management. These
forward-looking statements are distinguished by use of words such
as “will,” “may,” “would,” “anticipate,” “expect,” “believe,”
“designed,” “plan,” “predict,” “project,” “target,” “could,”
“should,” or “intend,” the negative of these terms, and similar
references to future periods. These views involve risks and
uncertainties that are difficult to predict and, accordingly, our
actual results may differ materially from the results discussed in
our forward-looking statements. Our forward-looking statements
contained herein speak only as of the date of this press release.
Factors or events that we cannot predict, including risks related
to an economic downturn or a recession in the United States and in
other countries around the world; changes in political, business,
regulatory, and economic conditions; changes in or to Fannie Mae
and Freddie Mac (the “GSEs”), whether through Federal legislation,
restructurings or a shift in business practices; failure to
continue to meet the mortgage insurer eligibility requirements of
the GSEs; competition for customers; lenders or investors seeking
alternatives to private mortgage insurance; an increase in the
number of loans insured through Federal government mortgage
insurance programs, including those offered by the Federal Housing
Administration; and other factors described in the risk factors
contained in our 2023 Annual Report on Form 10-K and other filings
with the SEC, may cause our actual results to differ from those
expressed in forward-looking statements. Although Enact believes
the expectations reflected in such forward-looking statements are
based on reasonable assumptions, Enact can give no assurance that
its expectations will be achieved and it undertakes no obligation
to update publicly any forward-looking statements as a result of
new information, future events, or otherwise, except as required by
applicable law.
Investor Contact
Daniel Kohl
EnactIR@enactmi.com
Media Contact
Sarah Wentz
Sarah.Wentz@enactmi.com
Enact (NASDAQ:ACT)
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