Enact IPO Presentation Deck slide image

Enact IPO Presentation Deck

Enact | Investor Presentation Summary Historical Financials ($ in millions, unless noted otherwise) ROE: $129 2016 $484 2018 17% $3,274 $143 2017 Primary IIF ($B)¹ CAGR (16-20): 12.6% $157 2018 2019 $182 Adjusted Operating Income $562 16% 2019 $3,827 $373 Stockholders' Equity 10% 2020 $208 $3,882 2020 $217 20¹21 $491 LTM 2021 13% $4,090 20′21 5% $43 Combined 31% Ratio: 26% Dividends*: 2016 2018 $50 129% $39 2017 6% NIW ($B) CAGR ('16-'20): 23.6% 2018 30% 25% $40 2019 Loss / Expense Ratio 63% 24% $62 138% 2019 39% 2020 PMIERS Sufficiency³ $250 $437 137% $100 2020 2018 2019 2020 2018 2019 2020 22 Represents amortized IIF; 2 Non-Recurring Expenses include $7mm of strategic transaction preparation costs and a one-time restructuring charge of $2mm; total expense ratio including these items was 26%; Calculated as total available assets divided by net required assets, based on the published PMIERS then in effect; 2020 dividend of $437mm represents the net proceeds distributed from Enact to Genworth Holdings following Enact's debt issuance in August of 2020. No dividends were taken from GMICO during 2020. Dividends from prior years are from Enact fully funded by GMICO. 2% LTM 2Q¹21 43% $105 24% 17% 1H'21 Non-Recurring Expenses? SO 165% 20/21 Enact
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