Enact IPO Presentation Deck

Enact | Investor Presentation Strong outlook for U.S. housing market Macro conditions are favorable for mortgage origination... Yield Index Value 5.50% 5.00% 4.50% 4.00% 3.50% 3.00% 2.50% 2.00% 450 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 350 250 Record Low Rates¹ 30-yr Average Fixed Mortgage Rate. Not Seasonally Adjusted 150 Robust Demand for Homeownership³ -2014 Mortgage Applications -2019 2.78% 2020 -2021 YOY Change (%) 50 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 Calendar Week Volume (SB) House Price Index, Seasonally Adjusted (left) 20% Housing Affordability Index (night) 15% Jul-20 ...with home purchases which drive the MI market size increasing momentum in recent years 10% 5% 0% Jan-20 18% Housing Prices are Robust² 17% $1,735 Apr-20 21% 17% Growing Purchase Origination & PMI Purchase Penetration4 $2.065 21% Oct-20 15% $1,810 24% 14% $1,630 Jan-21 YE '17 YE '18 PMI purchase penetration 25% 13% $2.325 YE '15 YE '16 Purchase Refinance Note: Dollar figure is total market volume 17 Federal Reserve Bank of St. Louis as of 7/22/2021; FHFA House Price Index (April 2021); National Association of Realtors (May 2021): Mortgage Bankers Association: Inside Mortgage Finance. 15.7% YE'19 157.3 Apr-21 27% 13% $4,100 220 200 180 160 140 120 YE '20 —FHA purchase penetration Affordability Index (%) PMI purchase penetration Enact

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