Enactment

Genworth Financial Announces First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
Finance, Consulting, Professional Services, Asset Management, Insurance, Tax, LTC, Enactment

Net income in the quarter was driven by Enact, which had very strong operating performance, as well as positive LTC earnings, partially offset by losses in Corporate and Other

Key Points: 
  • Net income in the quarter was driven by Enact, which had very strong operating performance, as well as positive LTC earnings, partially offset by losses in Corporate and Other
    Net investment gains, net of taxes, increased net income by $39 million in the current quarter, compared with net investment gains of $30 million in the prior quarter and net investment losses of $9 million in the prior year.
  • The investment gains in the current quarter were driven primarily by mark-to-market adjustments on limited partnerships and equity securities, partially offset by net trading losses
    Changes in the fair value of market risk benefits, net of taxes, increased net income by $18 million in the quarter driven primarily by the favorable change in the interest rate yield curve, compared with decreases of $11 million in the prior quarter and $13 million in the prior year
    Net investment income was $782 million in the quarter, down from $810 million in the prior quarter primarily driven by lower income from limited partnerships

Enact Integrated with PMI Rate Pro for Seamless Ordering

Retrieved on: 
Wednesday, April 3, 2024
ACT, API, Enactment, Insurance, Real estate

RALEIGH, N.C., April 03, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it has completed an integration with PMI Rate Pro that enables lenders to order delegated mortgage insurance directly through their API platform.

Key Points: 
  • RALEIGH, N.C., April 03, 2024 (GLOBE NEWSWIRE) -- Enact Holdings, Inc. (Nasdaq: ACT) (Enact), a leading provider of private mortgage insurance through its insurance subsidiaries, today announced that it has completed an integration with PMI Rate Pro that enables lenders to order delegated mortgage insurance directly through their API platform.
  • With this new enhancement, lenders are now able to order private mortgage insurance in addition to receiving pricing quotes directly from PMI Rate Pro via their loan origination systems’ integration with PMI Rate Pro’s new API solution.
  • “Innovation is the cornerstone of progress, and our further integration with Enact marks a significant leap forward in streamlining the mortgage insurance process," said Nomi Smith, CEO of PMI Rate Pro.
  • Mortgage software solutions can now effortlessly integrate PMI Rate Pro's plug and play comprehensive API."

Genworth Financial Schedules Earnings Conference Call for May 2

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Consumer, Insurance, Seniors, Finance, Personal Finance, ACT, Enactment, Telephone, Webcast, PIN, Internet, Genworth Financial, GNW

Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing first quarter results after the market closes on May 1, 2024.

Key Points: 
  • Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing first quarter results after the market closes on May 1, 2024.
  • A conference call will be held on May 2, 2024, at 9:00 a.m. (ET) to discuss the quarter’s results.
  • Genworth’s earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com , at the time of their release to the public.
  • The dial-in number for Genworth’s May 2 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 9022176.

ICE Launches Mortgage Insurance Center for Encompass Digital Lending Platform with Integrations to All Major MI Providers

Retrieved on: 
Wednesday, March 20, 2024
Technology, Construction & Property, Insurance, Finance, Professional Services, Software, Data Analytics, Data Management, Asset Management, Residential Building & Real Estate, Intercontinental, Encompass, MGIC, MISMO, ICE, Enactment, EPC

(NYSE: ICE), a leading global provider of technology and data, today announced the launch of the Encompass Mortgage Insurance (MI) Center, now available to users of ICE’s end-to-end digital lending platform.

Key Points: 
  • (NYSE: ICE), a leading global provider of technology and data, today announced the launch of the Encompass Mortgage Insurance (MI) Center, now available to users of ICE’s end-to-end digital lending platform.
  • MI services from third-party providers Arch MI, Enact, Essent, MGIC, National MI and Radian are available.
  • “With the addition of MI Center, Encompass now offers lenders a full array of tools and ordering options to digitally initiate and complete mortgage transactions on ICE technology,” said Tim Bowler, President of ICE Mortgage Technology™.
  • With the new MI EPC integrations, rate quote documents and insurance certificates will now include the provider’s name and type of document in the Encompass eFolder.

Enact Launches Insider Partner Program to Accelerate Solar and Storage Services for Installers

Retrieved on: 
Wednesday, March 13, 2024
Data as a service, PG&E, Growth, Bright, Entrepreneurship, Solar energy, Solar chimney, Data, Enactment, Marketing, DocuSign, Renewable energy

PLEASANTON, Calif., March 13, 2024 /PRNewswire/ -- Enact Solar, the award-winning intelligent digital platform revolutionizing the way solar and energy storage projects are planned, implemented and overseen, has launched its Insider Partner Program, to further streamline and simplify their partners' solar and storage businesses by providing signed solar projects while using Enact's All-in-One software platform.

Key Points: 
  • Partner Installers to Grow and Streamline Their Solar and Storage Business with Signed Solar Projects Using Enact's All-In-One Software Platform
    PLEASANTON, Calif., March 13, 2024 /PRNewswire/ -- Enact Solar , the award-winning intelligent digital platform revolutionizing the way solar and energy storage projects are planned, implemented and overseen, has launched its Insider Partner Program, to further streamline and simplify their partners' solar and storage businesses by providing signed solar projects while using Enact's All-in-One software platform.
  • As a true two-sided platform, Enact not only helps customers purchase solar and storage systems but also helps solar installers with the all-in-one cloud software platform to design and manage projects.
  • The new Partner Program succeeds Enact's major upgrade to its solar design software in November 2023, aimed at enhancing the productivity of solar installers.
  • "Our newly launched Insider Partner Program is designed to help installers grow and build their solar business while meeting the requirements of their solar and energy customers, through providing a cost efficient, transparent and simplified solar process," said Deep Chakraborty, CEO and Co-Founder at Enact.

Enact Launches Insider Partner Program to Accelerate Solar and Storage Services for Installers

Retrieved on: 
Wednesday, March 13, 2024
Data as a service, PG&E, Growth, Bright, Entrepreneurship, Solar energy, Solar chimney, Data, Enactment, Marketing, DocuSign, Renewable energy

PLEASANTON, Calif., March 13, 2024 /PRNewswire/ -- Enact Solar, the award-winning intelligent digital platform revolutionizing the way solar and energy storage projects are planned, implemented and overseen, has launched its Insider Partner Program, to further streamline and simplify their partners' solar and storage businesses by providing signed solar projects while using Enact's All-in-One software platform.

Key Points: 
  • Partner Installers to Grow and Streamline Their Solar and Storage Business with Signed Solar Projects Using Enact's All-In-One Software Platform
    PLEASANTON, Calif., March 13, 2024 /PRNewswire/ -- Enact Solar , the award-winning intelligent digital platform revolutionizing the way solar and energy storage projects are planned, implemented and overseen, has launched its Insider Partner Program, to further streamline and simplify their partners' solar and storage businesses by providing signed solar projects while using Enact's All-in-One software platform.
  • As a true two-sided platform, Enact not only helps customers purchase solar and storage systems but also helps solar installers with the all-in-one cloud software platform to design and manage projects.
  • The new Partner Program succeeds Enact's major upgrade to its solar design software in November 2023, aimed at enhancing the productivity of solar installers.
  • "Our newly launched Insider Partner Program is designed to help installers grow and build their solar business while meeting the requirements of their solar and energy customers, through providing a cost efficient, transparent and simplified solar process," said Deep Chakraborty, CEO and Co-Founder at Enact.

Genworth Financial Schedules Earnings Conference Call for February 22

Retrieved on: 
Monday, January 22, 2024
Finance, Professional Services, Other Professional Services, Asset Management, Insurance, ACT, GNW, Telephone, Internet, Genworth Financial, Enactment, PIN, Webcast

Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 21, 2024.

Key Points: 
  • Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 21, 2024.
  • A conference call will be held on February 22, 2024, at 9:00 a.m. (ET) to discuss the quarter’s results.
  • Genworth’s earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com , at the time of their release to the public.
  • The dial-in number for Genworth’s February 22 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 6245584.

Enact Completes Sixth Mortgage Insurance Linked Note Credit Risk Transaction as Part of its Diversified Credit Risk Transfer Program

Retrieved on: 
Wednesday, November 15, 2023
ACT, Security (finance), Annual report, Government, Insurance, Federal Housing Administration, Triangle, ILN, GSE, Fannie Mae, Uncertainty, CRT, Communication, Risk, Freddie Mac, Failure, COVID-19, Enactment

This ILN transaction provides coverage on a portfolio of existing seasoned mortgage insurance policies written from July 1, 2022 through June 30, 2023.

Key Points: 
  • This ILN transaction provides coverage on a portfolio of existing seasoned mortgage insurance policies written from July 1, 2022 through June 30, 2023.
  • Triangle Re 2023-1 funded its reinsurance obligations by issuing four classes of mortgage ILNs, which have a 10-year legal maturity and a 5-year call option to qualified institutional investors in an unregistered private offering.
  • The ILNs are non-recourse to Enact Holdings, Inc., or its subsidiaries and affiliates.
  • Our forward-looking statements contained herein speak only as of the date of this press release.

Sharaf DG Energy and Enact Announce UAE Partnership Milestones to Accelerate the Deployment of Clean Energy

Retrieved on: 
Tuesday, December 5, 2023
Carbon, Carbon dioxide, Head, COP28, CFO, Climate, CO2, Luigi, Solar energy, Backdrop, Success, Partnership, Growth, Sharaf, Renewable energy, Enactment

DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- Enact Solar, the award-winning intelligent digital platform that is revolutionizing the way solar and energy storage projects are planned, implemented and overseen, announced a significant milestone of energy implementation with Sharaf DG Energy. Launched in 2017, Sharaf DG Energy has now completed 85MW+ of commercial / industrial projects and 1100+ residential projects in the UAE market, with active collaboration from Enact. Sharaf DG Energy is part of the Sharaf Group headquartered in Dubai and operates in 60 countries across the Middle East, Africa, the Indian subcontinent and Asia, employing over 11,000 people.

Key Points: 
  • On the Backdrop of COP28 in Dubai This Week, the Sharaf DG Energy and Enact Teams Jointly Announced Major Milestones for their Success in Deploying Clean Energy in the UAE Market.
  • DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- Enact Solar , the award-winning intelligent digital platform that is revolutionizing the way solar and energy storage projects are planned, implemented and overseen, announced a significant milestone of energy implementation with Sharaf DG Energy.
  • Launched in 2017, Sharaf DG Energy has now completed 85MW+ of commercial / industrial projects and 1100+ residential projects in the UAE market, with active collaboration from Enact.
  • "We are thankful to Sharaf DG Energy to have had this opportunity to make a difference to the climate and clean energy acceleration in the region," added Deep.

Sharaf DG Energy and Enact Announce UAE Partnership Milestones to Accelerate the Deployment of Clean Energy

Retrieved on: 
Tuesday, December 5, 2023
Carbon, Carbon dioxide, Head, COP28, CFO, Climate, CO2, Luigi, Solar energy, Backdrop, Success, Partnership, Growth, Sharaf, Renewable energy, Enactment

DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- Enact Solar, the award-winning intelligent digital platform that is revolutionizing the way solar and energy storage projects are planned, implemented and overseen, announced a significant milestone of energy implementation with Sharaf DG Energy. Launched in 2017, Sharaf DG Energy has now completed 85MW+ of commercial / industrial projects and 1100+ residential projects in the UAE market, with active collaboration from Enact. Sharaf DG Energy is part of the Sharaf Group headquartered in Dubai and operates in 60 countries across the Middle East, Africa, the Indian subcontinent and Asia, employing over 11,000 people.

Key Points: 
  • On the Backdrop of COP28 in Dubai This Week, the Sharaf DG Energy and Enact Teams Jointly Announced Major Milestones for their Success in Deploying Clean Energy in the UAE Market.
  • DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ -- Enact Solar , the award-winning intelligent digital platform that is revolutionizing the way solar and energy storage projects are planned, implemented and overseen, announced a significant milestone of energy implementation with Sharaf DG Energy.
  • Launched in 2017, Sharaf DG Energy has now completed 85MW+ of commercial / industrial projects and 1100+ residential projects in the UAE market, with active collaboration from Enact.
  • "We are thankful to Sharaf DG Energy to have had this opportunity to make a difference to the climate and clean energy acceleration in the region," added Deep.