Posted: 05/11/2025 07:59 am
Leading the charge at Enact is President and CEO Rohit Gupta, who in 2024 received a total compensation package valued at $9,960,723. This package highlights a notable component of stock awards totaling $5,857,813, emphasizing Enact's alignment with executive incentives and stockholder interests^2. Gupta’s leadership during a period of increased insurance in-force value to $269 billion, a rise from the prior year, reflects the firm's growth trajectory^1.
Enact's leadership compensation strategy is not just focused on the present but indicative of a forward-thinking approach. The impressive compensation package for Brian Gould, the Executive Vice President and Chief Operations Officer in 2023, amounted to $1,207,644, supported largely by stock awards^3. These substantial stock-based incentives are designed to motivate executives to align their strategic objectives with long-term corporate performance.
Financial stewardship at Enact is also exemplified by Hardin Dean Mitchell, the Executive Vice President, Chief Financial Officer, and Treasurer, who in 2021 saw his compensation reach $3,276,923^4. His financial stewardship was crucial during pivotal years of reinsurance transactions and ratings upgrades from Fitch Ratings, which improved the financial strength rating of Enact^5. The company's strategic financial maneuvers, which include significant reinsurance agreements to secure financial resilience, highlight its robust risk management framework^6.
As Enact continues to prioritize shareholder returns — evidenced by its announcement of returning over $350 million of capital to shareholders in 2024 and the declaration of a quarterly dividend of $0.185 per share^1 — its commitment to rewarding its leadership team remains a pivotal aspect of its corporate strategy. The interplay between substantial executive remuneration and advancing shareholder interests is a critical narrative in Enact’s ongoing success and industry influence.
In recent developments, despite the minor fluctuations in its stock price, with its trading at $36.13 and a slight decrease of 0.87791%, Enact maintains a solid market presence with a market cap of approximately $5.42 billion^7. This stability reflects the market's confidence in Enact’s long-term corporate strategy and its leadership's capacity to navigate complex financial landscapes.
---
Sources:
1. Enact Holdings, Inc. Fourth Quarter and Full Year 2024 Results Press Release.
2. SEC EDGAR Filing on Rohit Gupta’s 2024 Compensation Details.
3. SEC EDGAR Filing on Brian Gould’s 2023 Compensation Details.
4. SEC EDGAR Filing on Hardin Dean Mitchell’s 2021 Compensation Details.
5. Enact Ratings Upgrade Press Release by Globe Newswire.
6. Enact Mortgage Insurance Reinsurance Transaction Press Release by Globe Newswire.
7. Current Stock Market Data for Enact Holdings, Inc.
