Enact Holdings, Inc.: Credit Performance, Reserve Management 

Enact Holdings reported a robust financial performance for 2024, driven by strong credit fundamentals and strategic execution despite facing external challenges. The company achieved a record adjusted operating income of $718 million for the year, a 9% increase from the previous year, translating to $4.56 per diluted share. Their adjusted return on equity stood at 15%, while the adjusted book value per share increased by 12% to $34.16. These results were attributed to Enact’s efficient capital management, strategic insurance underwriting, and effective operational execution.