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More companies

Enact Holdings, Inc (ACT)

Sector - Financials

Price chart

+14.26%
Return from IPO

Company News

IPO Profile

About company

Company Logo
They are 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. They 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. They believe their operating and technological capabilities ensure a superior customer experience and drive new business volume at attractive risk-adjusted returns. For the full years ended December 31, 2020, 2019, 2018, 2017 and 2016 they generated new insurance written (“NIW”) of $99.9 billion, $62.4 billion, $40.0 billion, $38.9 billion and $42.7 billion, respectively. Their market share for the same periods was approximately 16.6%, 16.3%, 13.7%, 14.5% and 15.9%, respectively, having grown from 12.0% in 2012. Net income was $370 million and $678 million in 2020 and 2019, respectively. Adjusted operating income was $373 million and $562 million for 2020 and 2019, respectively. Their 2020 results of operations were impacted by increased loss reserves related to COVID-19.
Industry
Insurance Agents & Brokers - Mortgage Insurance
CEO CFO
Rohit Gupta Hardin Dean Mitchell
Employees Founded
525 1981

Contacts

Address: 8325 Six Forks Road Raleigh, North Carolina 27615

Telephone: (919) 846-4100

Web page: http://new.mortgageinsurance.genworth.com

IPO information

First Trade Date 9/16/2021
Status Priced
Exchange NASDAQ
Lockup Period Expiration .Pro
Quiet Period Expiration .Pro
Old Price Range $20.00-$24.00
Share prices ($)

Shares & Volumes

Shares Initial (MM) 22.6
Shares Revised (MM) 13.3
Expected offer amount (MM) $497.2
Realized offer amount(MM) $252.7

Financial Data (last reporting year)

Market Cap (MM) -
Revenues (MM) $1106.46
Net Income (Loss) (MM) $370.0

Voting

What do you think will happen with the ACT share price after the next 3-6 months? 🔥 (+ 10% or more, flat (+ -10%), -10% or less)

Number of votes: img
The lead left underwriter: Goldman Sachs

IPOs led by the firm .Pro
Profitability of conducted IPOs  ?  .Pro
1st day change  ?  .Pro
Change for the first 3 months  ?  .Pro
Underwriters
Goldman Sachs/ JP Morgan/ BofA Securities/ Credit Suisse
CO-Managers
Citigroup/ Deutsche Bank Securities/ Keefe Bruyette & Woods/ Dowling Partners & Securities

Sector: Financials

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