credit / rates
“The persistency rate decreased largely due to lapse, driven by mortgage rate volatility and increased refinance activity.”
ACT 10-Q
Confirmed
Mortgage Insurance
8 names are moving together; 88% are participating in the current session.
6 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| MTG | MGIC Investment Corporation | Financial Services | +0.4% | 16/20 observed active sessions |
| NMIH | NMI Holdings Inc | Financial Services | +0.9% | 18/20 observed active sessions |
| ESNT | Essent Group Ltd. | Financial Services | +0.2% | 17/20 observed active sessions |
| GNW | Genworth Financial Inc | Financial Services | +1.6% | 2/20 observed active sessions |
| ACT | Enact Holdings, Inc. | Financial Services | +0.6% | 16/20 observed active sessions |
| SPNT | SiriusPoint Ltd. | Financial Services | -1.9% | 3/20 observed active sessions |
| RDN | Radian Group Inc. | Financial Services | -3.1% | 16/20 observed active sessions |
| AIZ | Assurant, Inc. | Financial Services | -1.0% | 1/20 observed active sessions |
Why we believe this
Cohort
8 namesParticipation
88% this sessionObserved history
37 daily buildsFiling coverage
8/8 membersrestructuring affecting expense
“Acquisition and operating expenses, net of deferrals, decreased for the three months ended September 30, 2025, primarily due to restructuring activities in 2024 and higher ceding commissions.”
ACT 10-Q
credit / rates affecting interest expense
“Interest Expense Through June 30, 2024, interest expense was incurred as a result of borrowings under our secured credit facility (the “Existing Credit Facility”).”
ESNT 10-Q
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
AMP
GNWpartner · Not moving with the group now
Filing receipt · AMP / GNW
“In 2009, RiverSource Life established an agreement to protect its exposure to Genworth Life Insurance Company (“GLIC”) for its reinsured LTC.”
GNW · partner
CIM
NMIHtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
SNOW
ACTcustomer · Not moving with the group now
Filing receipt · SNOW / ACT
“Customers can rely on this centralized data repository to address a variety of use cases.”
ACT · customer
AXS
SPNTtext peer · Moving with the group now · 115 min observed
No filing excerpt is available for this relationship.
BWIN
SPNTtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
History
2026-07-07 → 2026-07-156 observed active sessions · 0% of active names held across the episode
2026-06-24 → 2026-07-026 observed active sessions · 9.1% of active names held across the episode
2026-06-16 → 2026-06-172 observed active sessions · 100% of active names held across the episode
2026-06-101 observed active session · 100% of active names held across the episode
2026-06-031 observed active session · 100% of active names held across the episode
2026-05-18 → 2026-05-224 observed active sessions · 100% of active names held across the episode