Enact IPO Presentation Deck
Enact | Investor Presentation
Strong underlying credit quality of insurance
portfolio
13
20 2021³ RIF
■
FICO Score at Origination¹
680-739
37%
620-679
<620
1%
740+
54%
Strong portfolio credit scores
represented by 680+ FICO scores for
over 90% of borrowers
LTV at Origination¹
95.01% &
Above
17%
90.01% -
95.00%
50%
80.01% -
90.00%
Insured loans have experienced
significant home price appreciation
94% of delinquent policies have at least
10% equity and 60% have at least 20%
equity based on current MTM LTV4
# of High-Risk Layers²
LTV > 95%
FICO < 680
LTV > 95%
1
# of High-Risk Layers²
0
1
FICO < 680
3+
Total
3+
Total
% RIF 2Q'21³
0.7%
0.9%
0.2%
0.0%
1.8%
% NIW 2Q'21³
0.1%
0.0%
0.0%
0.3%
In higher risk loans (>95% LTV, <680 FICO), the in-force
book has minimal "high-risk layers"
High quality portfolio mix shaped by granular risk-based pricing
Metrics derived from underlying characteristics at the time the loan was originated. Borrowers without a FICO score included in the 660-679 category: High-risk layers defined as loans that have a single
borrower, debt-to-Income> 45%, cash-out refinances or investor-owned properties; As of June 30, 2021; * MTM LTV's are estimated based on amortization and house price appreciation at the MSA level. Enact™
House price appreciation is based on the FHFA All-Transactions House Price Index. Data is as of 6/30/21, based on home price appreciation through 3/31/21.View entire presentation