Enact Holdings, Inc..
ACT.US | Non-life insurance
Enact Holdings, Inc. is a mortgage insurance company. It provides private mortgage insurance (PMI) through its subsidiaries, primarily Enact Mortgage Insurance Corporation. PMI protects lenders against losses in the event of borrower default. Enact focuses on managing risk and providing capital to t...Show More
Better Health for All
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Enact Holdings, Inc. is a mortgage insurance company, and its principal goods or services do not have a direct positive or negative health impact on the general public. The company's business activities, such as providing private mortgage insurance, are not related to medical treatments, preventative healthcare solutions, or mental and physical wellness programs. No evidence was found regarding revenue from products with negative health outcomes, user harm, or health-related product accessibility. The company does not offer health-related products or services, nor does it engage in health-related R&D, collect health data, or conduct clinical trials. While an in-house fitness center is available for employees, the 'Better Health for All' value explicitly excludes workplace safety standards or worker rights.
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Fair Money & Economic Opportunity
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No regulatory actions, violations, fines, or compliance issues are mentioned.
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The Enact Foundation has distributed over $750,000 to more than 18 non-profit organizations since 2022.
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EnactMI was named a recipient of National Mortgage Professional’s 2023 Diversity Leaders award
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and received three diversity awards in 2022,
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including a Bronze Stevie for Diversity & Inclusion,
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the Mortgage Bankers Association Residential Diversity, Equity & Inclusion Leadership award,
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and Profiles in Diversity Journal’s Innovations in Diversity award.
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The company states a commitment to diversity, equity, and inclusion initiatives and goals to expand efforts to make the mortgage industry more inclusive and help close the minority homeownership gap.
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However, there is no specific data on the share of its loan or insurance book aimed at low-income or underserved segments, nor quantitative information regarding the percentage of underserved clients served, pricing fairness, revenue from high-cost products, wealth-building outcomes for customers, profit reinvestment as a percentage of profits, financial literacy initiatives, customer debt burden ratios, geographic inclusion in underserved areas, or the simplicity of its product disclosures.
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Fair Pay & Worker Respect
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The CEO to median employee pay ratio for 2024 is 55:1.
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Employee engagement for the Raleigh office, based on Glassdoor reviews, shows an average rating of 4.2 out of 5 stars
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, with 80% of employees recommending the company to a friend
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and 100% CEO approval
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. However, one review noted pay as below standard for a Data Science Intern.
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No regulatory actions, violations, or fines related to labor laws are mentioned in the provided articles.
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Fair Trade & Ethical Sourcing
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Enact Holdings, Inc. is a mortgage insurance company, a business model that does not involve the procurement or trading of physical commodities. Consequently, the KPIs related to fair trade certifications, supply chain audits, forced/child labor incidents, traceability of materials, remediation of sourcing violations, ethical sourcing clauses in supplier contracts, high-risk materials, or supplier diversity spend for physical goods are not applicable to its operations. Although the company released a 2024 Sustainability Report mentioning third-party risk management
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, the provided articles do not offer any specific data points relevant to the ethical sourcing of physical goods or services.
Honest & Fair Business
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Enact Holdings, Inc. operates a confidential and anonymous financial concern hotline for complaints regarding accounting, internal accounting controls, or auditing matters.
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The hotline supports secure web form and secure hotline submissions, and a 14-16 digit code is provided for message status tracking.
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The Audit Committee may request additional information regarding these complaints.
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The establishment of this facility is a requirement by the SEC.
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Kind to Animals
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Enact Holdings, Inc. (ACT.US) is a mortgage insurance company, which is a service-oriented business. The provided articles do not contain any information relevant to animal welfare practices, animal testing, animal-derived products, or habitat impact for ACT.US. Therefore, all KPIs related to 'Kind to Animals' are not applicable to the company's core business model, as indicated by the 'N/A' tier for each KPI.
No War, No Weapons
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Enact Holdings, Inc. operates as a mortgage insurance provider, a business model that does not involve arms manufacturing, military contracts, or conflict facilitation. The company's 2022 and 2023 ESG reports explicitly state that no data or metrics relevant to 'No War, No Weapons' were found, and no metrics related to arms sales, conflict divestment, or peacebuilding were present.
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This indicates that the 'No War, No Weapons' KPIs are not applicable to its core business operations.
Planet-Friendly Business
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Enact Holdings, Inc. included new disclosures related to the Taskforce on Climate-related Financial Disclosures (TCFD) in its 2023 ESG report.
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Respect for Cultures & Communities
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The provided articles do not contain quantitative data or specific information for any of the Key Performance Indicators related to Respect for Cultures & Communities. While one article mentions over $750,000 in philanthropic grants awarded to over 18 non-profit organizations from 2022 to present, this information is not specific enough to determine the percentage of revenue reinvested in local community development or donated to cultural heritage organizations.
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For all other KPIs, the articles explicitly state that no relevant data is provided regarding formal partnerships with community groups, cultural appropriation incidents, cultural impact assessment protocols, local employment ratios, grievance mechanisms, FPIC participation, community governance inclusion, cultural preservation investment, local procurement, indigenous suppliers, cultural site protection, social license operations, community fund allocation, language inclusivity, cultural incident response, or cultural training completion.
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Safe & Smart Tech
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Enact Holdings, Inc. has no documented data breaches, and states that cybersecurity threats have not materially affected the company.
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The company holds ISO 27001:2013 and ISO 9001 certifications, with ISO 27001:2013 described as the strictest international standard for information security management.
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All personnel receive privacy and security training, including monthly security awareness training and phishing tests, with specialized training for customer-facing roles.
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For data protection, Enact uses SHA-256 for sensitive information, stores passwords as salted one-way hashed values, fully encrypts all online storage, and encrypts all public-facing data and emails using TLS (minimum 1.2).
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Multi-factor authentication is deployed, and OpenID Connect/OAuth 2.0 are used for web application/API authentication.
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The company addresses OWASP Top 10 threats, uses static code analysis, tests components for vulnerabilities, and performs virus scans.
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Intrusion detection software is deployed.
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Penetration testing is conducted regularly by its cloud provider, and security procedures are periodically tested.
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Enact provides users with rights to request disclosure, deletion, correction, and to opt-out of sale/sharing of personal information, and recognizes the Global Privacy Control.
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It explicitly states it does not sell personal information to third parties or share borrowers' Non-Public Information (NPI) for marketing purposes.
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The company complies with applicable federal and state laws, including CCPA/CPRA and COPPA, and has a Risk Committee overseeing compliance and conducting annual materiality assessments.
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While Enact states it collects data only as needed and retains it no longer than necessary, it also collects a broad array of personal and sensitive personal information.
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Zero Waste & Sustainable Products
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Enact Holdings, Inc. released its 2023 ESG report
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and 2024 Sustainability Report
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. However, neither of the provided article excerpts contains specific quantitative data related to waste diversion, product recyclability, packaging sustainability, recycled content, single-use plastic reduction, take-back programs, circular design, waste reduction initiatives, hazardous waste management, product durability, repairability, waste audit frequency, zero-waste certification, waste disposal violations, material efficiency, packaging-to-product ratio, waste reduction targets, supplier waste requirements, or customer waste education.