act-20230328

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No. )

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Filed by a Party other than the Registrant ☐

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☐			Preliminary Proxy Statement

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☒			Definitive Proxy Statement

☐			Definitive Additional Materials

☐			Soliciting Material under § 240.14a-12

Enact Holdings, Inc.

(Name of Registrant as Specified in its Charter)

(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

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☐			Fee paid previously with preliminary materials.

☐			Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11

Who We Are

Enact, through its subsidiaries, is a leading U.S. private mortgage insurance provider offering borrower-centric products that enable lenders and other partners across the U.S. to help people responsibly achieve and maintain the dream of homeownership. We take pride in our culture where employees are respected, heard, and empowered to do their best work. We enjoy working hard, learning as a team and celebrating our successes. Enact is headquartered in Raleigh, North Carolina.

What We Do

Building on a deep understanding of lenders’ businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there.

Why We Do It

At Enact, we live our values of Excellence, Improvement, and Connection in all that we do. Our mission to help people get into and stay in their homes has a positive impact on our world and inspires us to go the extra mile. We look at the bigger picture, always considering our customers’ processes and their borrowers’ experience. By empowering customers and their borrowers, we seek to positively impact the lives of those in the communities in which we serve in a sustainable way.


Letter from Dom and Rohit


Dominic J. Addesso Independent Chairperson of the Board Rohit Gupta President and Chief Executive Officer As we move forward, we will continue to be prepared for a variety of economic scenarios in our business. We will continue to execute diligently against our plans to further build a resilient portfolio, strengthen our financial position, and maximize long-term shareholder value.	March 28, 2023 Dear Stockholder, You are invited to attend the 2023 Annual Meeting of Stockholders of Enact Holdings, Inc. (“Enact”) to be held virtually at 11:00am Eastern Time on Friday, May 12, 2023. The Annual Meeting will include voting on the matters set forth in the accompanying Notice of 2023 Annual Meeting of Stockholders and Proxy Statement, and discussion and/or voting on any other business matters properly brought before the meeting. Whether or not you plan to attend the 2023 Annual Meeting of Stockholders, you can ensure that your shares are represented at the meeting by promptly submitting your proxy by telephone, Internet or by completing, signing, dating, and returning your proxy card or voting instruction form. Continued strong performance We are very pleased with Enact’s strong operating results in 2022, especially as the economy continued to recover from the COVID-19 pandemic and the housing market absorbed rising interest rates. Enact delivered net income of $704 million (adjusted operating income of $708 million) and Return on Equity of 17.2% for the full year. We generated a large new insurance written book, and our insurance-in-force grew 10% year-over-year reaching an all-time high of $248 billion. Given the strength of the U.S. consumer, ever-to-date home price appreciation and our loss mitigation efforts, we delivered a loss ratio of negative 10%. Additionally, in the fourth quarter of 2022, we reported total equity of $4.1 billion, a consolidated risk to capital ratio of 12.8:1, and our PMIERs sufficiency was 165% or $2.05 billion above the Private Mortgage Insurer Eligibility Requirements (“PMIERs”) requirements. Continued progress against our strategy 2022 was a complex and dynamic year for the housing and mortgage markets. In addition to the Federal Reserve’s actions and cascading impact on mortgage rates, we continued to operate in an environment with several factors in play, including but not limited to broader inflation for consumers, tight housing supply, the continued impact of the Great Resignation, and a hybrid workforce. Following our IPO in September 2021, our flagship operating subsidiary received upgrades to its credit ratings from Fitch, Moody’s, and S&P. Enact received a second ratings upgrade from Moody’s in 2022, and 2023 is off to a good start with additional upgrades from S&P and Moody’s. Improved credit ratings make us a stronger counterparty for our customers and the Government Sponsored Entities (“GSEs”) and create greater opportunity for us to pursue new business opportunities. 2022 also saw the initiation of a quarterly dividend, the declaration and payment of our second special cash dividend (of $183 million, or $1.12 per common share), the announcement of our first share repurchase program, and entry into Enact’s first revolving credit facility.

	Thank you to Enact employees 2022 has been another successful year for Enact, but it would not have been possible without the outstanding efforts of our employees. Through their agility, dedication, and willingness to support each other and provide excellent service to our customers, we were able to successfully navigate our first full year as a publicly traded company. Please join us in extending our sincerest thanks to each of them for their focus and commitment to getting people into homes and helping them stay there. As we move forward, we continue to prepare for a variety of economic scenarios in our business. We will also continue to execute diligently against our plans to further build a resilient portfolio, strengthen our financial position and maximize long-term stockholder value. We look forward to keeping you updated on our progress and thank you for your investment in and support of Enact. Cordially,


	Dominic Addesso Chairperson of the Board	Rohit Gupta President, Chief Executive Officer & Director


2023 PROXY STATEMENT			1


Notice of 2023 Annual Meeting of Stockholders

Voting Items

Logistics

Proposals

Board Vote

Recommendation

For Further

Details

Date and Time

Friday, May 12, 2023,

at 11:00 a.m. ET

Location

www.virtualshareholder

meeting.com/ACT2023

Who Can Vote

Stockholders of record at the close of business on March 14, 2023

How to Vote

Internet

www.proxyvote.com

Telephone

1-800-579-1639

E-mail

sendmaterial@ proxyvote.com

Mail

You can vote by mail by requesting a paper copy of the materials, which will include a proxy card.

Election of Eleven Director Nominees Named in this Proxy Statement

FOR all nominees

Page 14

Advisory Vote to Approve Named Executive Officer Compensation

FOR

Page 38

Ratification of Selection of Independent Registered Public Accounting Firm for 2023

FOR

Page 63

Stockholders will also discuss and vote on such other business as may properly be presented at the 2023 Annual Meeting of Stockholders.

In accordance with the U.S. Securities and Exchange Commission rule, we are furnishing this Proxy Statement and our Annual Report on Form 10-K for the year ended December 31, 2022 (“2022 Annual Report”) to many of our stockholders solely over the Internet. We believe posting these materials on the Internet enables us to provide stockholders with the information more quickly. In addition, it lowers the cost of printing and reduces the environmental impact of our 2023 Annual Meeting of Stockholders. The Notice of Internet Availability of Proxy Materials sent to our stockholders explains how to access the proxy materials online, vote online, and, if desired, obtain a paper copy of our proxy materials.

We encourage you to participate in the 2023 Annual Meeting of Stockholders. You may vote by telephone, through the Internet, or by mailing your completed and signed proxy card (or voting instruction form, if you hold your shares through a broker, bank, or other nominee). Each share of common stock issued and outstanding as of the record date is entitled to one vote on each matter to be voted upon at our 2023 Annual Meeting of Stockholders. Your vote is important and we encourage you to vote.

This Notice, the Proxy Statement, our 2022 Annual Report, and proxy card are being made available or mailed to stockholders on or about March 28, 2023.

Cordially,

Evan S. Stolove

Corporate Secretary

Important Notice Regarding the Availability of Proxy Materials for the 2023 Annual Meeting of Stockholders to be Held on May 12, 2023.

Enact’s Notice of 2023 Annual Meeting of Stockholders, Proxy Statement, and 2022 Annual Report are Available, Free of Charge, at: www.proxyvote.com.


2			ENACT


Table of Contents


			Letter from Dom and Rohit			1

			Notice of 202 3 Annual Meeting of Stockholders			2

			Enact Business Overview			4

			Proxy Summary			9

			Enact Board of Directors			14


			P ro posal 1 Election of Directors			14

			Nominees			15
			How We Select Our Directors			21
			Director Independence			22

			Enact Corporate Governance			23
			Governance Principles			23
			Board Oversight of Strategy			23
			Board Leadership Structure			23
			Meetings of Independent Directors			24
			Meeting Attendance			24
			Board Responsibilities			24
			Board Policies and Processes			35
			Compensation of Directors			36

			Executive Compensation			38


			P roposal 2 Advisory Vote to Approve Named Executive Officer Compensation			38

			Compensation Discussion and Analysis			39
			Named Executive Officers			39
			202 2 Corporation Performance			40
			Compensation Philosophy			40
			Key Governance Practices			41
			Compensation Decision-Making Process			41


			Key Compensation Program Elements			42
			Other Key Compensation Governance Policies			48
			Report of the Compensation Committee			48
			Executive Compensation Tables			49
			202 2 Summary Compensation Table			49
			Grants of Plan-Based Awards			50
			Outstanding Equity Awards at 202 2 Fiscal Year-End Table			52
			2022 Options Exercised and Stock Vested Table			53
			Pension Benefits			53
			Non-Qualified Deferred Compensation			54
			Potential Payments upon Termination or Change of Control			55
			CEO Pay Ratio			59
			Pay Versus Performance			60

			Audit Matters			63


			P roposal 3 Ratification of Selection of Independent Registered Public Accounting Firm			63

			Approval of Audit and Non-Audit Services			64
			Auditor Fees			64
			Report of the Audit Committee			64

			Information About Our Stock			65
			Ownership of Enact Common Stock			65
			Equity Compensation Plan Information			66

			Questions and Answers about the 202 3 Annual Meeting and Proxy Voting			67

			Other Information			71
			Voting			71
			Meeting Admission			71
			202 2 Annual Report			71
			Date of Distribution			71
			Internet Availability of Proxy Materials			71



Certain statements in this proxy statement, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may appear throughout this report. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements, including the risks and uncertainties set forth in our 2022 Annual Report for the year ended December 31, 2022. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise. In addition, our environmental, social and governance (“ESG”) goals are aspirational and may change. Statements regarding our goals are not guarantees or promises that they will be met. The information included in, and any issues identified as material for purposes of, our forthcoming sustainability report shall not be considered material for Securities and Exchange Commission (“SEC”) reporting purposes. As such, in the context of our sustainability report, the term “material” is distinct from, and should not be confused with, such term as defined for SEC reporting purposes. Finally, websites provided throughout this document are provided for convenience only, and the content on the referenced websites does not constitute a part of this Proxy Statement and is not incorporated herein by reference.


2023 PROXY STATEMENT			3


Enact Business Overview

Enact Holdings, Inc. (the “Corporation,” “Enact,” “we,” “our” and “us”), through our operating subsidiaries, is a leading private mortgage insurance provider serving the United States housing finance market with a mission to help people buy a house and keep it their home. We operate in all 50 states and the District of Columbia, have long-tenured customer relationships with mortgage lenders, and are focused on underwriting excellence and prudent risk and capital management practices. We believe our operating and technological capabilities ensure a superior customer experience and drive new business volume at attractive risk-adjusted returns. For the full year ended December 31, 2022, we generated new insurance written (“NIW”) of $66 billion and our 2022 market share was approximately 16%. As previously stated, our mission is to help those who might otherwise not be able to achieve the dream of homeownership, and in 2022, we helped approximately 192,000 families achieve homeownership and create a path to building wealth.

Our 2022 strategic priorities were to 1) Maintain and prudently manage capital and credit risk; 2) Differentiate Enact from its competitors; and 3) Deliver attractive risk-adjusted returns.

While higher interest rates and COVID-19 continued to impact our business and financial results, we successfully executed on our 2022 priorities as follows:

Maintain and prudently manage capital and credit risk

Differentiate Enact from its competitors

Deliver attractive risk-adjusted returns

•As of December 31, 2022, maintained excess PMIERs capital of $2.0 billion, representing a PMIERs sufficiency ratio of 165% above PMIERs requirements.

• Completed three excess-of-loss reinsurance transactions with up to $745 million of loss coverage to manage our overall risk resulting in 89% of our risk in force (“RIF”) being covered by credit risk transfers.

• Received our second ratings upgrade from Moody’s since our IPO.

•Invested to increase differentiation, drive efficiencies and enhance decision-making including improved underwriting efficiency and deepened understanding of layered risks.

• Served over 1,800 active customers including all of the top 20 mortgage originators.

• Activated or increased our new business share with 80% of our target customers since our IPO.

• Insurance in force rose to a record $248 billion on $66 billion of NIW.

•Delivered a Return on Equity of 17.2% while new business pricing continued to yield attractive risk-adjusted returns and value for shareholders.

• Initiated a quarterly dividend and paid a special cash dividend returning $250 million to stockholders over the course of 2022.

• Initiated a $75 million share repurchase program.

• Secured a five-year $200 million revolving credit facility.


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Enact Business Overview

Sustainability Initiatives: Our ESG Commitment

Enact has a longstanding history of good corporate citizenship. We are proud of the role we play in the communities we serve and the processes we have put in place to facilitate a sustainable business. We have long been focused on Environmental, Social, and Governance (“ESG”) issues. They have been a key component of our values and are also increasingly integrated within our business strategy to enhance long-term value creation for our stakeholders. As such, we formed a diverse, cross-functional team to drive our ESG efforts, with oversight from our CEO and CFO, along with the Nominating and Corporate Governance Committee of the Board of Directors (“Board”). This team includes representatives from key functions across the organization, including investor relations, legal, human resources, risk, and operations. We bring a thoughtful and intentional approach to our ESG efforts, and we performed our first ESG-related materiality assessment this year to more formally determine the ESG issues most important to our stakeholders – including conversations with policyholders, consumers, employees and stockholders. We detailed this effort in our recently released ESG Roadmap which can be found on our website.

We provide a high-level summary of our ESG priorities below with more detailed information forthcoming in our inaugural ESG report. We have organized our ESG priorities into three “pillars” upon which we are building our ESG strategy, focusing on the areas most germane to our business:



						Strengthening Our Communities

Enact is deeply engaged with the communities it serves by enabling more families to achieve the dream of sustainable homeownership and create wealth, while also delivering on our commitments to employee volunteerism, philanthropy, and environmental responsibility. We believe our mission to help families buy—and stay in—homes has a positive impact on the communities we serve. This inspires us to go the extra mile. We look at the bigger picture, always considering our customers’ processes and their borrowers’ experiences. In this way, we seek to strengthen not just our customers’ business, but the neighborhoods where we live and which we serve. Enabling Home Ownership In 2022, our insurance products helped approximately 192,000 individuals and families either achieve the dream of homeownership or refinance a home. We also provided homeowners with access to Home Suite Home® coverage, a product designed to (1) help borrowers defray costs associated with owning a home, and (2) mitigate losses due to an unexpected financial event. Our Homeowners Assistance group helped more than 19,600 individuals and families, particularly those financially impacted by COVID-19, to avoid foreclosure and remain in their homes. Further, we delegated all nationwide COVID-19 loss mitigation programs to servicers to enable assistance to families in need more quickly. To assist first time home buyers, we provided First-Time Homebuyer materials to help lenders effectively educate these buyers on the purchase process and the demands of homeownership. Volunteerism Employee volunteerism is deeply embedded in our corporate culture. Enact provides every employee up to 40 hours of paid time off annually to volunteer in their community. Over half of our employees took advantage of volunteer time off in 2022, contributing thousands of hours of their time to build bookshelves, tables, and chairs for The Green Chair Project, raised funds hosting a 5K run for Note in the Pocket, packaged meals with Rise Against Hunger, and fulfilled our Adopt-a-Shoreline commitment at Jordan Lake. Additionally, our Executive Leadership Team took on a special local project with Rebuilding Together of the Triangle to replace the windows on a house, ensuring its senior resident could stay safely in their home. Managing Our Carbon Footprint Responsibly Enact’s Raleigh-based headquarters building is Gold LEED certified and uses 30% less water than buildings of similar size. Our building also includes occupancy sensors in all offices and conference rooms and lighting timers for all common areas that collectively help reduce energy usage by 25%, and incorporates a Building Management System to optimize our HVAC system and reduce our CO2 output. In 2022, we transitioned to 100% LED lighting. We also provide preferential parking to fuel efficient vehicles, along with complementary electric vehicle charging stations in our parking deck.


2023 PROXY STATEMENT			5

Enact Business Overview


						Driving Diversity and Inclusion & Supporting Our People

Enact recognizes that promoting diversity, equity, and inclusion is not only the right thing to do, but also vital to our continued success and growth. We believe that by encouraging and incorporating varied perspectives at every level of the organization in a supportive and inclusive environment, we may create products and services that are innovative and responsive to the diverse needs of customers and prospective homeowners. In 2022, we were honored with awards recognizing our work in diversity, equity, and inclusion (“DEI”), including the Residential DEI Leadership Award by the Mortgage Bankers of America. We foster and benefit from an inclusive culture and aid our employees by: Management Focusing on Diversity, Equity, and Inclusion This year, Enact transitioned from six employee resource groups to one Diversity & Inclusion Council (“D&I Council”), a significant change aimed at increasing collaboration and people power to ensure all voices and communities are represented, seen, heard, and celebrated. The D&I Council is employee-led and championed by our General Counsel, Evan Stolove. Their goal is to share the culture and highlight the talents and contributions of diverse populations within Enact to foster a culture of diversity, equity, inclusion, and belonging, while promoting education, continuous improvement, and a commitment to enhance the communities we serve. In partnership with Genworth Financial, Inc. (“Genworth”), employees receive a weekly newsletter featuring relevant DEI topics and trainings. Employees also participated in 20 different discussions and/or learning experiences related to DEI through company-facilitated trainings. In the community, Enact sponsored and participated in two DEI conferences through the Raleigh Chamber of Commerce. Enact’s employee population is approximately 500 employees and is made up of 58% women, which has remained consistent over the last five years, and 25% people of color, which has grown from 18% over the last five years. In the last three years, Enact has significantly increased recruiting at Historically Black Colleges and Universities (HBCUs) for our internship and early career programs. Enact has built relationships with eight HBCUs (and counting). As of the end of 2022, 20% of our executive leadership team are women, and 20% are ethnic or racial minorities. With respect to our Board, 27% of our members are women, and 27% are racially or ethnically diverse. In addition, 80% of our Board committee chairpersons are women; and 20% are ethnically diverse. We are focused on representing diverse perspectives at the executive and Board levels and recognize that we have work to do in this important area. Developing the Next Generation of Diverse Industry Leaders We believe it’s critical for our industry to reflect the diverse communities we serve. For the second consecutive year, Enact facilitated the Mortgage Insurance Development Program (“MIDP”) to educate students at HBCUs on mortgage finance roles. We’re proud to have created awareness of the mortgage industry for over 65 students. We also significantly increased recruiting at HBCUs for our internship and early career programs. We became the first mortgage insurer to partner with the LGBTQ+ Real Estate Alliance, with a goal of continuing to learn about the challenges the LGBTQ+ community faces in housing, driving acceptance through education, and serving as a resource for the Alliance in their mission. In 2022, we also joined the HBCU Partnership Challenge, created by Congresswoman Alma Adams in 2017, to promote success among HBCU students by connecting with diversity-minded companies and creating opportunities for those companies to invest in HBCUs.

Human Capital Management

We are committed to helping families and employees become more financially secure, self-reliant, and prepared for the future. We take a holistic approach to human capital management, including attracting and retaining talent with comprehensive benefits and compensation packages, providing professional development and learning opportunities, facilitating access to dedicated resources that foster an equitable and inclusive environment, and encouraging a sincere commitment to community service and involvement. Of our employees, 46% work in our Raleigh, North Carolina office and the remaining 54% are in the field, predominantly working in sales and underwriting. None of our employees are subject to collective bargaining agreements.


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Enact Business Overview

Some of our key areas of focus include:

•Our compensation package, including salary, incentive bonus and long-term incentives, aligns employee and stockholder interests, as well as rewards our employees for serving all of our current and future customers.

•In addition to a competitive compensation program, we offer our employees benefits such as life and health insurance, paid time off, paid parental leave, childcare subsidies, retirement savings plans, financial planning services, an Employee Assistance Program (“EAP”), and a broad fitness reimbursement program to support physical and mental health.

•We offer a multitude of professional development and career enrichment courses, including in the areas of leadership, professional skills, and industry-specific matters, as well as a mentor program and an extensive training program for future senior leaders. We also offer tuition reimbursement benefits and student loan repayment options to aid career progression. We routinely assess talent, engage in deep succession planning at all levels of the organization, and provide feedback through a performance review process.

•Our employee-led Diversity & Inclusion Council helps to build an inclusive culture through company-wide events, participation in our recruitment efforts and by educating our employees on the experiences and perspectives of others. We continue to focus on building a pipeline of talent to create more opportunities for workplace diversity and to support greater representation within Enact. In addition to our internally focused efforts, we have a number of employee-led externally focused DEI initiatives.

•We champion civic engagement through paid volunteer time for employees, event sponsorship programs, employee-directed charitable gifts with a 100% company match, and through our commitment to environmental sustainability.

•We empower employees to share their unique perspectives by promoting initiatives that increase access to our Senior Leadership Team and fostering open-door policies. We value the voice of our employees and, in 2022, we initiated a three-year process with a best-in class third party to measure and enhance employee engagement.

•We celebrate our talent by showcasing employee achievements and expertise in industry publications, at events and conferences, and on social media. By amplifying their reach and ours, in 2022, 10 employees were recognized as award winners by external industry organizations, and Enact was recognized as an organization on three separate occasions.

Pandemic Response

•In March 2022, we safely reopened our office and welcomed employees back on a hybrid work schedule.

•We continued to provide unlimited time off for either illness (personal or family) or to address special circumstances arising from COVID-19 (childcare and virtual learning), and we provided a monthly stipend to employees for internet service.

•Additionally, we provided access to COVID-19 medical resources, including free telemedicine visits and testing, and mental health and wellness webinars through our EAP.


2023 PROXY STATEMENT			7

Enact Business Overview



						Focusing on Responsible Business Practices & Corporate Governance

Enact focuses on underwriting excellence, prudent risk and capital management, data privacy and cybersecurity, and regulatory compliance—all overseen by a diverse, experienced, and predominantly independent Board. Sustainability Governance The Nominating and Corporate Governance Committee of Enact’s Board oversees ESG practices and periodically reviews our corporate social responsibility efforts. In 2022, we revised the Compensation Committee Charter to clarify that human capital, culture, and DEI initiatives fall under its scope. Oversight of our enterprise risk management practices has been delegated to the Board’s Risk Committee, while oversight of compliance with relevant legal and regulatory requirements has been delegated to the Board’s Risk and Audit Committees. These controls are foundational components of our sustainability platform. See also the “Enact Corporate Governance” section later in this document. The investment portfolios of our insurance subsidiaries are directed by the Enact Investment Committee, a management-level committee, with Genworth serving as the investment manager. The investments of our holding company, Enact Holdings, Inc., have been delegated to a third-party investment manager. Our approach to managing investments is aligned with our fiduciary responsibility to strive to fulfill promises to our policyholders to be there when they need us most – a core tenet of our sustainability platform. We have integrated ESG considerations into our overall investment strategy. Among other things, the Enact Investment Committee reviews ESG-related investment risks, governance, market developments and regulatory requirements to inform ultimate decisioning by the Enact Investment Committee. Enact holds more than $157 million of green, social, and sustainability-linked bonds. Data Security Enact utilizes a suite of information technology (“IT”) security controls that are fully functional whether work is performed within Enact facilities or from alternate locations, including from the homes of our employees. These IT security controls include, but are not limited to, “always on” Virtual Private Network (VPN) access, full-disk encryption, multi-factor authentication, screensaver timeouts, Data Loss Prevention (DLP), antivirus/anti-malware, personal firewalls, and routine patch management. These initiatives are augmented by monthly IT Security Awareness training. For additional protection, we have instituted a Limited Access Protocol to Data, which ensures that only designated personnel with demonstrated business needs are able to access sensitive borrower information. As a further precaution, this access is closely monitored and reviewed at regular intervals. In addition, data is regularly deleted in compliance with our Data Retention Policies, to lessen the risk in the unlikely event of a data breach. Enact engages in annual cyber incident tabletop exercises to test our policies and procedures. Our security controls are reviewed regularly both by internal and external parties, including commercial/ institutional customers, regulators, and penetration testers. In addition, our Risk Committee is responsible for overseeing cybersecurity risk and is regularly updated by Enact management.


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Proxy Summary

This summary highlights information for Enact and certain other information contained in this Proxy Statement for Enact’s 2023 Annual Meeting of Stockholders (the “2023 Annual Meeting”). This summary does not contain all of the information you should consider, and you should read the entire Proxy Statement carefully before voting.




1			Election of Directors

			The Board recommends a vote FOR all director nominees.

			See page 14

Our Director Nominees

The table below sets forth information about our eleven director nominees, each of whom is an incumbent member of the Enact Board, including their ages, length of service on our Board and relevant experience. The Board has determined that eight of the eleven nominees are independent directors under the Nasdaq Stock Market, LLC (“Nasdaq”) Exchange listing requirements.

SEC Form DEF 14A filed by Enact Holdings Inc.