Genworth Holdings Maintains 80.6% Stake in Enact Holdings

TL;DR

**Genworth still owns over 80% of Enact, keeping major control.**

AI Summary

Genworth Holdings, Inc. filed an amended SC 13G/A on January 24, 2024, reporting its beneficial ownership in Enact Holdings, Inc. As of December 31, 2023, Genworth Holdings, Inc. holds 129,954,364 shares of Enact Holdings' Common Stock, representing 80.6% of the company. This significant ownership stake means Genworth maintains substantial control over Enact, which is crucial for investors as Genworth's strategic decisions could directly impact Enact's stock performance and future direction.

Why It Matters

Genworth's continued majority ownership means it has significant influence over Enact's strategic decisions, which can impact Enact's stock price and operational direction.

Risk Assessment

Risk Level: low — This filing indicates stable, high ownership by a parent company, which generally reduces volatility from external activist investors.

Analyst Insight

Investors should monitor Genworth Holdings, Inc.'s financial health and strategic announcements, as these will likely have a direct impact on Enact Holdings, Inc. due to the significant ownership stake.

Key Numbers

• 129,954,364 — Shares Beneficially Owned (Represents the total number of Enact Holdings, Inc. common stock shares Genworth Holdings, Inc. has sole voting and dispositive power over.)
• 80.6% — Percentage of Class (Indicates Genworth Holdings, Inc.'s significant majority ownership and control over Enact Holdings, Inc.)
• December 31, 2023 — Reporting Date (The effective date for the ownership data reported in this filing.)

Key Players & Entities

• Genworth Holdings, Inc. (company) — the reporting person and majority owner of Enact Holdings, Inc.
• Enact Holdings, Inc. (company) — the subject company in which shares are beneficially owned
• 129,954,364 (dollar_amount) — number of shares beneficially owned by Genworth Holdings, Inc.
• 80.6% (dollar_amount) — percentage of Enact Holdings, Inc. common stock beneficially owned by Genworth Holdings, Inc.
• December 31, 2023 (date) — the date of the event which requires the filing of this statement

Forward-Looking Statements

• Genworth Holdings, Inc. will likely maintain its majority stake in Enact Holdings, Inc. for the foreseeable future. (Genworth Holdings, Inc.) — high confidence, target: 2025-12-31
• Enact Holdings, Inc.'s strategic decisions will continue to be heavily influenced by Genworth Holdings, Inc. (Enact Holdings, Inc.) — high confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 per share (Titles of Class of Securit

Filing Documents

• d727855dsc13ga.htm (SC 13G/A) — 33KB
• 0001193125-24-014315.txt ( ) — 35KB

(a)

Item 1(a). Name of Issuer: Enact Holdings, Inc.

(b)

Item 1(b). Address of Issuers Principal Executive Offices: 8325 Six Forks Road, Raleigh, North Carolina 27615

(a)

Item 2(a). Name of Person Filing: Genworth Holdings, Inc.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 6620 West Broad Street, Richmond, Virginia 23230

(c)

Item 2(c). Citizenship: Delaware

(d)

Item 2(d). Titles of Classes of Securities: Common Stock, par value $0.01 per share

(e)

Item 2(e). CUSIP Number: 29249E109 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not Applicable. Item 4. (a) Amount beneficially owned: See Item 9 of the cover page. (b) Percent of class: See Item 11 of the cover page. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See Item 5 of the cover page. (ii) Shared power to vote or to direct the vote: See Item 6 of the cover page. (iii) Sole power to dispose or to direct the disposition of: See Item 7 of the cover page. (iv) Shared power to dispose or to direct the disposition of: See Item 8 of the cover page. Item 5. Not Applicable. Item 6. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. Not Applicable. Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certification. Not Applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 24, 2024 GENWORTH HOLDINGS, INC. By: /s/ Jerome T. Upton Name: Jerome T. Upton Title: Executive Vice President and Chief Financial Officer

View Full Filing

View this SC 13G/A filing on SEC EDGAR