Enact Holdings, Inc. ACT

Financials SIC 6411 - Insurance Agents, Brokers & Service NAICS Finance and Insurance › Insurance Carriers and Related Activities › Agencies, Brokerages, and Other Insurance Related Activities › Insurance Agencies and Brokerages derived Nasdaq

We are a leading private mortgage insurance company serving the United States housing finance market since 1981 with a mission to help people buy a house and keep it their home. We operate in all 50 states and the District of Columbia. Our principal mortgage insurance customers are originators of residential mortgage loans who typically determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate.

As a private mortgage insurer, we play a critical role in the United States housing finance system. We are engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance covers a portion of the unpaid principal balance of Low Down Payment Loans (mortgage loans where the loan amount exceeds 80% of the value of the home) and protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust, or other instruments constituting a first lien on residential real estate. We facilitate the sale of mortgages to the secondary market, including to private investors as well as the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac"). Fannie Mae and Freddie Mac are government-sponsored enterprises (collectively referred to as the "GSEs"). Credit protection and liquidity through secondary market sales allow mortgage lenders to increase their lending capacity, manage risk and expand financing access to prospective homeowners, many of whom are first time home buyers ("FTHBs").

Last close 47.89 2026-10-23
Market cap $6.58B 2026-06-30 share count
52-week range 34.64 - 50.56

Valuation FY2025 figures against the last close

P/S5.3x
P/E10.6x
P/FCF9.1x
EV/EBITDA—
Dividend yield1.8%
Diluted EPS4.52

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue $1.24B$1.20B$1.15B$1.10B$1.12B$1.11B$978.9M—
SG&A $208.3M$213.3M$212.5M$226.9M$231.5M$215.0M——
Interest expense $49.9M$51.2M$51.9M$51.7M$51.0M$18.2M$0—
Pre-tax income $858.8M$878.1M$851.5M$898.2M$695.2M$472.4M$718.2M—
Income tax $184.6M$190.0M$186.0M$194.1M$148.5M$102.0M$155.8M—
Net income $674.2M$688.1M$665.5M—$546.7M$370.4M$677.6M—
EPS, basic 4.544.404.144.323.362.274.16—
EPS, diluted 4.524.374.114.313.362.274.16—
Shares, diluted (wtd. avg.) 149.3M157.6M161.8M163.3M162.9M162.8M162.8M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash and equivalents $582.5M$599.4M$615.7M$513.8M$425.8M$452.8M$585.1M$159.1M
Short-term investments $0$3.4M$20.2M$3.0M$0———
Total assets $6.89B$6.52B$6.19B$5.71B$5.87B$5.65B——
Long-term debt $744.5M$743.0M$745.4M$742.8M$740.4M$738.2M——
Total liabilities $1.54B$1.53B$1.56B$1.61B$1.76B$1.77B——
Retained earnings $3.68B$3.13B$2.55B$2.10B$1.65B$1.30B——
Total equity $5.36B$5.00B$4.63B$4.10B$4.11B$3.88B$3.83B$3.27B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Operating cash flow $724.5M$686.3M$632.0M$560.5M$572.1M$704.4M$500.0M—
Stock-based compensation $19.0M$18.8M$15.3M$9.9M$1.5M$0$0—
Investing cash flow -$226.4M-$320.5M-$229.4M-$220.3M-$398.8M-$1.14B$176.0M—
Financing cash flow -$515.1M-$382.0M-$300.7M-$252.3M-$200.3M$300.3M-$250.0M—
Dividends paid $120.8M$111.7M$213.0M$250.8M$200.3M$437.4M$250.0M—
Buybacks $382.4M$244.0M$87.8M$1.5M$0$0——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001823529-26-000060.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2019: 978.9M Net income, FY2019: 677.6M Revenue, FY2020: 1.1B Net income, FY2020: 370.4M Revenue, FY2021: 1.1B Net income, FY2021: 546.7M Revenue, FY2022: 1.1B Revenue, FY2023: 1.2B Net income, FY2023: 665.5M Revenue, FY2024: 1.2B Net income, FY2024: 688.1M Revenue, FY2025: 1.2B Net income, FY2025: 674.2M FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $978.9M $1.11B $1.12B $1.10B $1.15B $1.20B $1.24B
Gross profit — — — — — — — —
Net income — $677.6M $370.4M $546.7M — $665.5M $688.1M $674.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Shareholder vote Item 5.07

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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