MEDIUMOutside partyCustomer
33%
top five customers
“10-K Item 1: 'Our top five customers generated 33% of our NIW in 2025'”
ACT · Concentration risk · 10-K extracted
Enact Holdings (ACT) concentration risks
Updated
The most significant concentration Enact Holdings discloses is top five customers at 33%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Enact Holdings’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
12%
largest customer
“10-K Item 1: 'Our largest customer accounted for 22% of total NIW and 12% of our total revenues for the year ended December 31, 2025'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration is entirely customer-side and modest in scale. Its top five customers generated 33% of new insurance written in the most recent year — a medium-share dependency by disclosed size — and its single largest customer accounted for 22% of new insurance written and 12% of total revenues. The character is dependency: results lean on a small set of lender relationships whose volumes can shift with their own origination activity. Still, the largest-customer share of total revenue is a low-share exposure, and there is no disclosed geographic, supplier, or product concentration to compound it. On balance this is a contained customer concentration — meaningful enough to monitor the largest accounts' production, but narrow and well-disclosed, and unlikely on its own to move the investment verdict.
For the engine’s reasoning on ACT’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Insurance - Specialty
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ESNT | Essent Group Ltd. | 1 | 0 | 1 | 2 |
| AXS | Axis Capital Holdings Limited | 0 | 1 | 4 | 5 |
| ACT● | Enact Holdings, Inc. | 0 | 1 | 1 | 2 |
| AGO | Assured Guaranty Ltd. | 0 | 0 | 0 | 0 |
| FAF | First American Corporation (New | 0 | 0 | 0 | 0 |
| FNF | Fidelity National Financial, In | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.