Enact Holdings, Inc. (ACT)
Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company engages in writing and assuming residential mortgage guaranty insurance. It also offers private mortgage insurance products insuring prime-based, individually underwritten residential mortgage loans; pool mortgage insurance; contract underwriting services; and mortgage-related reinsurance products. The company serves large money center banks, non-bank lenders, national and local mortgage bankers, community banks, and credit unions. The company was formerly known as Genworth Mortgage Holdings, Inc. and changed its name to Enact Holdings, Inc. in May 2021. Enact Holdings, Inc. was founded in 1981 and is headquartered in Raleigh, North Carolina. Enact Holdings, Inc. is a subsidiary of Genworth Holdings Inc.
Sector: Insurance Agents, Brokers & Service
Industry: Insurance - Specialty
Enact Holdings Inc.
NASDAQ:ACTFinancial Services · Insurance - Specialty
-0.71%$46.10
Prev close$46.43-0.20%Open$46.34-0.51%Now$46.10
Mkt Cap$6.34B
Float25.88M
O/S137.48M
VOL6K sh
$ Vol$272K
RVOL0.01×
Inst Own21.7%
SI11.7%
Div Yield1.94%
Dilution
Financials Summary
Revenue$1.23B
Net Income$674.24M
Total Assets$6.89B
Free Cash Flow$724.52M
Debt & Equity
Debt 12%
Equity 88%
Total Debt$744.48M
Total Equity$5.36B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in ACT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$6.89B
Liabilities$1.54B
Accounts Receivable$46.13M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Revenue | $1.23B | $1.2B | $1.15B | $1.09B | $1.12B | $1.11B | $978.85M | $841.1M |
| YoY Growth | 2.4% | 4.2% | 5.4% | -2.3% | 1.2% | 13.0% | 16.4% | - |
| Cost of Revenue | $109.53M | $261.63M | $250.31M | $145.13M | $371.63M | $615.8M | $260.68M | $0 |
| Gross Profit | $1.12B | $940.31M | $903.38M | $949.75M | $748.55M | $490.66M | $718.17M | $841.1M |
| Gross Margin | 91.1% | 78.2% | 78.3% | 86.7% | 66.8% | 44.3% | 73.4% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $262.02M | $62.24M | $51.87M | $51.53M | $53.34M | $18.24M | $0 | $191.02M |
| Total Operating Expenses | $262.02M | $62.24M | $51.87M | $51.53M | $53.34M | $18.24M | $0 | $191.02M |
| Operating Income (EBIT) | $858.84M | $878.06M | $851.51M | $898.22M | $695.22M | $472.42M | $718.17M | $613.67M |
| Operating Margin | 69.8% | 73.1% | 73.8% | 82.0% | 62.1% | 42.7% | 73.4% | 73.0% |
| Interest Expense | $49.95M | $51.16M | $51.87M | $51.7M | $51.01M | $18.24M | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$227.43M |
| Income Before Tax (EBT) | $858.84M | $878.06M | $851.51M | $898.22M | $695.22M | $472.42M | $718.17M | $613.67M |
| Income Tax Expense | $184.59M | $189.99M | $186M | $194.06M | $148.53M | $102M | $155.83M | $129.81M |
| Net Income | $674.24M | $688.07M | $665.51M | $704.16M | $546.68M | $370.42M | $677.63M | $483.86M |
| Net Income Margin | 54.8% | 57.2% | 57.7% | 64.3% | 48.8% | 33.5% | 69.2% | 57.5% |
| Supplementary Data | ||||||||
| EPS | 4.54 | 4.40 | 4.14 | 4.32 | 3.36 | 2.27 | 3.45 | 2.97 |
| Diluted EPS | 4.52 | 4.37 | 4.11 | 4.31 | 3.36 | 2.27 | 3.45 | 2.97 |
| Weighted Average OS | 148.37M | 156.28M | 160.87M | 162.84M | 162.84M | 162.84M | 162.84M | 162.84M |
| EBITDA | $908.79M | $929.22M | $903.38M | $955.12M | $749.55M | $490.66M | $733.24M | $613.67M |
| EBITDA Margin | 73.9% | 77.3% | 78.3% | 87.2% | 66.9% | 44.3% | 74.9% | 73.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $582.49M | $599.43M | $615.68M | $513.77M | $425.83M | $452.79M | $585.06M | $159.05M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $582.49M | $599.43M | $615.68M | $513.77M | $425.83M | $452.79M | $585.06M | $159.05M |
| Accounts Receivable | $46.13M | $53.03M | $45.07M | $41.74M | $42.27M | $46.46M | $41.16M | $40.01M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $628.62M | $652.46M | $660.75M | $555.51M | $468.09M | $499.26M | $626.22M | $199.06M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $0 | $8.8M | $11.3M | $13.6M | $15.5M | $0 | $22.6M | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $6.05B | $5.63B | $5.29B | $4.89B | $5.29B | $5.05B | $3.76B | $3.7B |
| Deferred Tax Assets | $19.99M | $93.31M | $115.6M | $154.13M | $48.39M | $45.57M | $55.09M | $120.13M |
| Other Long-Term Assets | $194.31M | $167.12M | $143.57M | $124.76M | $88.84M | $106.86M | $86.7M | $80.38M |
| Total Long-Term Assets | $6.26B | $5.9B | $5.56B | $5.18B | $5.45B | $5.2B | $3.93B | $3.9B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $6.89B | $6.55B | $6.22B | $5.74B | $5.91B | $5.7B | $4.56B | $4.1B |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $3.88M | $3.8M | $3.44M | $0 | $51.46M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $145.95M | $0 | $0 | $0 |
| Current Unearned Revenue | $91.64M | $114.68M | $149.33M | $202.72M | $246.32M | $306.94M | $383.46M | $421.79M |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $91.64M | $118.56M | $153.13M | $206.16M | $246.32M | $358.4M | $383.46M | $421.79M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $744.48M | $749.74M | $755.15M | $755.32M | $758.12M | $707.14M | $23.4M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $28.3M | $27.11M | $26.66M | $49.98M | $82.39M | $52.12M | $28.01M |
| Other Long-Term Liabilities | $702.16M | $650.44M | $640.11M | $634.27M | $736.53M | $651.63M | $245.59M | $375.27M |
| Total Long-Term Liabilities | $1.45B | $1.44B | $1.43B | $1.43B | $1.56B | $1.46B | $344.51M | $403.29M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.54B | $1.55B | $1.59B | $1.63B | $1.81B | $1.82B | $727.97M | $825.07M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.42M | $1.52M | $1.59M | $1.63M | $1.63M | $0 | $0 | $0 |
| Retained Earnings | $3.68B | $3.13B | $2.55B | $2.1B | $1.65B | $1.3B | $1.37B | $942.41M |
| Comprehensive Income & Other | -$30.14M | -$207.45M | -$230.4M | -$382.74M | $83.58M | $208.38M | $93.43M | -$26.52M |
| Other Stockholders' Equity | $1.68B | $1.87B | $2.08B | $2B | $2.46B | $2.58B | $2.46B | $2.33B |
| Total Equity | $5.36B | $5B | $4.63B | $4.1B | $4.11B | $3.88B | $3.83B | $3.27B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $6.89B | $6.55B | $6.22B | $5.74B | $5.91B | $5.7B | $4.56B | $4.1B |
| Supplementary Data | ||||||||
| Total Debt | $744.48M | $760.32M | $768.68M | $771.26M | $775.82M | $775.51M | $46.8M | $0 |
| Net Debt | $161.99M | $160.89M | $153M | $257.48M | $349.99M | $322.72M | -$538.26M | -$159.05M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Operating Activities | ||||||||
| Net Income | $674.24M | $688.07M | $665.51M | $704.16M | $546.68M | $370.42M | $677.63M | $483.86M |
| Depreciation & Amortization | $0 | $0 | $0 | $5.2M | $3.33M | $0 | $15.06M | $0 |
| Deferred Income Tax | $7.77M | $4.46M | -$1.83M | -$2.3M | -$1.42M | $11.13M | $56.73M | $0 |
| Stock-Based Compensation | $19.02M | $18.77M | $15.28M | $9.88M | $1.5M | $0 | $2.9M | $4.1M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $6.9M | -$7.96M | -$3.33M | $528K | $4.2M | -$5.3M | -$1.16M | -$5.75M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $8.87M | -$45.07M | -$58.21M | -$158.75M | $16.93M | $315.19M | -$155.05M | -$163.67M |
| Total Working Capital Change | $15.77M | -$53.03M | -$61.54M | -$158.22M | $21.13M | $309.89M | -$156.2M | -$152.28M |
| Other Non-Cash Items | $7.71M | $27.99M | $14.62M | $1.79M | $907K | $12.91M | -$96.1M | $179.53M |
| Net Cash from Operating | $724.52M | $686.26M | $632.04M | $560.51M | $572.12M | $704.35M | $500.02M | $511.12M |
| Investing Activities | ||||||||
| Capital Expenditures | $0 | $0 | $0 | $6.62M | -$685.65M | $0 | -$175.99M | $0 |
| Acquisitions | $0 | $0 | $0 | -$6.52M | -$27.3M | $0 | $510.25M | $0 |
| Purchases of Investments | -$1.9B | -$1.61B | -$1.04B | -$1.22B | -$1.58B | -$1.94B | -$951.28M | -$1.26B |
| Sales of Investments | $1.68B | $1.31B | $819.58M | $1.01B | $1.21B | $805.55M | $617.02M | $760.65M |
| Other Investing Activities | -$8.32M | -$21.1M | -$13.93M | -$6.62M | $685.65M | $0 | $175.99M | -$498.18M |
| Net Cash from Investing | -$226.38M | -$320.51M | -$229.4M | -$220.25M | -$398.78M | -$1.14B | $175.99M | -$498.18M |
| Financing Activities | ||||||||
| Debt Repaid | - | $7.85M | - | - | - | -$737.65M | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$382.4M | -$243.97M | -$87.76M | -$1.53M | $0 | $0 | $0 | $0 |
| Dividends Paid | -$120.83M | -$111.72M | -$212.96M | -$250.78M | -$200.29M | -$437.35M | -$250M | -$50M |
| Other Financing Activities | -$11.85M | -$18.46M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Financing | -$515.08M | -$382M | -$300.73M | -$252.31M | -$200.29M | $300.3M | -$250M | -$50M |
| Forex Effect | $0 | $0 | $0 | $0 | -$7K | $0 | $0 | $0 |
| Net Change in Cash | -$16.94M | -$16.25M | $101.91M | $87.95M | -$26.97M | -$132.26M | $426.01M | -$37.06M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $724.52M | $686.26M | $632.04M | $560.51M | $572.12M | $704.35M | $500.02M | $511.12M |
| Capital Expenditure | $0 | $0 | $0 | $6.62M | -$685.65M | $0 | -$175.99M | $0 |
| Free Cash Flow | $724.52M | $686.26M | $632.04M | $567.13M | -$113.53M | $704.35M | $324.03M | $511.12M |
| Cash at Beginning | $599.43M | $615.68M | $513.77M | $425.83M | $452.79M | $585.06M | $159.05M | $196.11M |
| Cash at End | $582.49M | $599.43M | $615.68M | $513.77M | $425.83M | $452.79M | $585.06M | $159.05M |