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ACT| Name | Value |
|---|---|
| Revenues | 280.9M |
| Cost of Revenue | 0.0M |
| Gross Profit | 280.9M |
| Operating Expense | 51.7M |
| Operating I/L | 237.6M |
| Other Income/Expense | -56.4M |
| Interest Income | 13.1M |
| Pretax | 224.5M |
| Income Tax Expense | 48.5M |
| Net Income/Loss | 176.0M |
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States, specializing in underwriting and assuming residential mortgage guaranty insurance. The company primarily offers private mortgage insurance products for prime-based, individually underwritten residential mortgage loans, as well as contract underwriting services for mortgage lenders. Enact Holdings, Inc., formerly known as Genworth Mortgage Holdings, Inc., generates revenue by providing insurance coverage for mortgage loans, thereby mitigating the risk for lenders and enabling them to offer mortgages to a broader range of borrowers.
