Enact Holdings (ACT) Gains After Q1 Call Highlights Credit Trends, Rate360 Pricing

Enact Holdings (ACT) shares rose to $42.86 from $42.31 before its first-quarter earnings call, as management cited steady execution despite volatile mortgage rates and elevated persistency. CEO Rohit Gupta said the company’s Rate360 pricing engine is helping target mortgage insurance risk at granular levels as market conditions shift. Management also pointed to healthy credit trends, disciplined risk selection and new insurance written supported by purchase activity. Key investor issues for coming quarters include adoption and regulatory clarity around VantageScore 4.0, potential effects on pricing and capital requirements, delinquency trends among newer loan vintages, and Rate360’s ability to preserve risk-adjusted returns across regional housing markets. Expense discipline and capital returns remain additional focus areas.