Enact Mortgage Insurance Enters into Two Forward XOL Reinsurance Transactions as Part of its Diversified Credit Risk Transfer Program

Group 1 - Enact Holdings, Inc. has secured approximately $225 million and$260 million of excess of loss reinsurance coverage for the 2025 and 2026 book years respectively, effective January 1, 2025, and January 1, 2026 [1] - The reinsurance coverage is provided by a panel of reinsurers rated "A-" or better by Standard & Poor's or A.M. Best, or rated "A3" or better by Moody's [1] - The transactions are part of Enact's credit risk transfer strategy, aimed at managing credit risk and strengthening the company's financial position [2] Group 2 - Enact operates primarily through its wholly-owned subsidiary, Enact Mortgage Insurance Corporation, and has been a leading provider of private mortgage insurance in the U.S. since 1981 [3] - The company focuses on partnering with lenders to provide best-in-class service, underwriting expertise, and risk management, thereby helping more people achieve homeownership [3] - Enact is headquartered in Raleigh, North Carolina, and aims to positively impact the communities it serves in a sustainable manner [3]