Enact Holdings, Inc. Financials

ACT

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Enact Holdings, Inc. (ACT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

Enact Holdings, Inc. passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed

1.00x

For every $1 of reported earnings, Enact Holdings, Inc. generates $1.00 in operating cash flow ($686.3M OCF vs $688.1M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Revenue

$1.2B

YoY+4.2%

5Y CAGR+4.2%

Enact Holdings, Inc. generated $1.2B in revenue in fiscal year 2024. This represents an increase of 4.2% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$688.1M

YoY+3.4%

5Y CAGR+0.3%

Enact Holdings, Inc. reported $688.1M in net income in fiscal year 2024. This represents an increase of 3.4% from the prior year.

EPS (Diluted)

$4.37

YoY+6.3%

5Y CAGR+1.0%

Enact Holdings, Inc. earned $4.37 per diluted share (EPS) in fiscal year 2024. This represents an increase of 6.3% from the prior year.

Cash & Debt

$599.4M

YoY-2.6%

5Y CAGR+0.5%

Enact Holdings, Inc. held $599.4M in cash against $743.0M in long-term debt as of fiscal year 2024.

Dividends Per Share

$0.71

YoY-46.2%

Enact Holdings, Inc. paid $0.71 per share in dividends in fiscal year 2024. This represents a decrease of 46.2% from the prior year.

Shares Outstanding

152M

YoY-4.4%

Enact Holdings, Inc. had 152M shares outstanding in fiscal year 2024. This represents a decrease of 4.4% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

57.3%

YoY-0.4pp

5Y CAGR-12.0pp

Enact Holdings, Inc.'s net profit margin was 57.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 0.4 percentage points from the prior year.

Return on Equity

13.8%

YoY-0.6pp

5Y CAGR-3.9pp

Enact Holdings, Inc.'s ROE was 13.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 0.6 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$244.0M

YoY+178.0%

Enact Holdings, Inc. spent $244.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 178.0% from the prior year.

Capital Expenditures

N/A

ACT Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.2B+4.2%	$1.2B+5.4%	$1.1B-2.0%	$1.1B+1.0%	$1.1B+13.0%	$978.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$213.3M+0.4%	$212.5M-6.4%	$226.9M-1.9%	$231.5M+7.6%	$215.0M	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$51.2M-1.4%	$51.9M+0.3%	$51.7M+1.4%	$51.0M+179.6%	$18.2M	$0
Income Tax	$190.0M+2.1%	$186.0M-4.2%	$194.1M+30.7%	$148.5M+45.6%	$102.0M-34.5%	$155.8M
Net Income	$688.1M+3.4%	$665.5M-5.5%	$704.2M+28.8%	$546.7M+47.6%	$370.4M-45.3%	$677.6M
EPS (Diluted)	$4.37+6.3%	$4.11-4.6%	$4.31+28.3%	$3.36+48.0%	$2.27-45.4%	$4.16

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$311.5M+2.2%	$304.9M-0.6%	$306.8M+1.7%	$301.8M-2.5%	$309.6M+3.6%	$298.8M+2.5%	$291.6M-1.6%	$296.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$12.9M+4.9%	$12.3M0.0%	$12.3M+0.2%	$12.3M-0.2%	$12.3M-9.9%	$13.6M+5.3%	$13.0M+0.1%	$12.9M
Income Tax	$46.3M-0.8%	$46.7M+2.3%	$45.6M+1.2%	$45.1M-7.5%	$48.8M-4.6%	$51.2M+13.8%	$44.9M+5.9%	$42.4M
Net Income	$163.5M-2.6%	$167.8M+1.2%	$165.8M+1.9%	$162.7M-9.9%	$180.7M-1.6%	$183.7M+14.1%	$161.0M+2.3%	$157.3M
EPS (Diluted)	$1.10-0.9%	$1.11+2.8%	$1.08+2.9%	$1.05-8.7%	$1.15-0.9%	$1.16+14.9%	$1.01+4.1%	$0.97

ACT Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$6.5B+5.3%	$6.2B+8.4%	$5.7B-2.7%	$5.9B+3.8%	$5.7B	N/A
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$599.4M-2.6%	$615.7M+19.8%	$513.8M+20.7%	$425.8M-6.0%	$452.8M-22.6%	$585.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.5B-2.1%	$1.6B-3.1%	$1.6B-8.6%	$1.8B-0.6%	$1.8B	N/A
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$743.0M-0.3%	$745.4M+0.3%	$742.8M+0.3%	$740.4M+0.3%	$738.2M	N/A
Total Equity	$5.0B+7.9%	$4.6B+13.0%	$4.1B-0.1%	$4.1B+5.8%	$3.9B+1.4%	$3.8B
Retained Earnings	$3.1B+22.5%	$2.6B+21.4%	$2.1B+27.4%	$1.6B+26.5%	$1.3B	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$6.9B+1.5%	$6.8B+0.8%	$6.7B+3.1%	$6.5B-1.1%	$6.6B+3.9%	$6.3B+0.7%	$6.3B+1.8%	$6.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$543.6M-11.3%	$613.0M-3.5%	$635.3M+6.0%	$599.4M-11.0%	$673.4M-3.7%	$699.0M+13.8%	$614.3M-0.2%	$615.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$1.6B+0.6%	$1.6B-3.2%	$1.6B+5.0%	$1.5B-2.3%	$1.6B+2.4%	$1.5B-4.2%	$1.6B+2.0%	$1.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$744.1M0.0%	$743.8M0.0%	$743.4M0.0%	$743.0M0.0%	$742.7M0.0%	$742.4M-0.5%	$746.1M+0.1%	$745.4M
Total Equity	$5.3B+1.8%	$5.2B+2.0%	$5.1B+2.5%	$5.0B-0.8%	$5.0B+4.4%	$4.8B+2.4%	$4.7B+1.8%	$4.6B
Retained Earnings	$3.5B+3.9%	$3.4B+4.2%	$3.3B+4.4%	$3.1B+4.5%	$3.0B+5.3%	$2.8B+5.7%	$2.7B+5.3%	$2.6B

ACT Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$686.3M+8.6%	$632.0M+12.8%	$560.5M-2.0%	$572.1M-18.8%	$704.4M+40.9%	$500.0M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$320.5M-39.7%	-$229.4M-4.2%	-$220.3M+44.8%	-$398.8M+64.9%	-$1.1B-746.0%	$176.0M
Financing Cash Flow	-$382.0M-27.0%	-$300.7M-19.2%	-$252.3M-26.0%	-$200.3M-166.7%	$300.3M+220.1%	-$250.0M
Dividends Paid	$111.7M-47.5%	$213.0M-15.1%	$250.8M+25.2%	$200.3M-54.2%	$437.4M+74.9%	$250.0M
Share Buybacks	$244.0M+178.0%	$87.8M+5628.6%	$1.5M	$0	$0	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	$192.0M+60.7%	$119.5M-47.3%	$226.7M+36.5%	$166.1M-11.7%	$188.1M+30.0%	$144.7M-22.7%	$187.3M-1.5%	$190.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$121.3M-373.4%	-$25.6M+71.4%	-$89.6M+34.6%	-$136.9M-33.8%	-$102.3M-417.8%	$32.2M+128.4%	-$113.5M-18.9%	-$95.4M
Financing Cash Flow	-$140.1M-20.6%	-$116.2M-14.7%	-$101.3M+1.8%	-$103.2M+7.4%	-$111.5M-20.9%	-$92.2M-22.6%	-$75.2M+52.1%	-$156.9M
Dividends Paid	$31.0M-1.7%	$31.5M+12.1%	$28.1M-1.1%	$28.4M-1.3%	$28.8M-1.0%	$29.1M+14.2%	$25.5M-81.7%	$138.9M
Share Buybacks	$105.5M+24.7%	$84.6M+29.6%	$65.3M-12.5%	$74.6M+5.2%	$71.0M+46.0%	$48.6M-2.2%	$49.7M+175.7%	$18.0M

ACT Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	57.3%-0.4pp	57.7%-6.6pp	64.3%+15.4pp	48.9%+15.4pp	33.5%-35.8pp	69.2%
Return on Equity	13.8%-0.6pp	14.4%-2.8pp	17.2%+3.8pp	13.3%+3.8pp	9.5%-8.2pp	17.7%
Return on Assets	10.5%-0.2pp	10.8%-1.6pp	12.3%+3.0pp	9.3%+2.8pp	6.6%	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.15-0.0	0.16-0.0	0.180.0	0.180.0	0.19	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	52.5%-2.5pp	55.0%+1.0pp	54.0%+0.1pp	53.9%-4.4pp	58.4%-3.1pp	61.5%+6.3pp	55.2%+2.1pp	53.1%
Return on Equity	3.1%-0.1pp	3.2%-0.0pp	3.2%-0.0pp	3.3%-0.3pp	3.6%-0.2pp	3.8%+0.4pp	3.4%+0.0pp	3.4%
Return on Assets	2.4%-0.1pp	2.5%0.0pp	2.5%-0.0pp	2.5%-0.2pp	2.7%-0.1pp	2.9%+0.3pp	2.5%0.0pp	2.5%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.140.0	0.140.0	0.150.0	0.150.0	0.150.0	0.150.0	0.160.0	0.16
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Enact Holdings, Inc.'s annual revenue?

Enact Holdings, Inc. (ACT) reported $1.2B in total revenue for fiscal year 2024. This represents a 4.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Enact Holdings, Inc.'s revenue growing?

Enact Holdings, Inc. (ACT) revenue grew by 4.2% year-over-year, from $1.2B to $1.2B in fiscal year 2024.

Is Enact Holdings, Inc. profitable?

Yes, Enact Holdings, Inc. (ACT) reported a net income of $688.1M in fiscal year 2024, with a net profit margin of 57.3%.

What is Enact Holdings, Inc.'s earnings per share (EPS)?

Enact Holdings, Inc. (ACT) reported diluted earnings per share of $4.37 for fiscal year 2024. This represents a 6.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does Enact Holdings, Inc. have?

As of fiscal year 2024, Enact Holdings, Inc. (ACT) had $599.4M in cash and equivalents against $743.0M in long-term debt.

What is Enact Holdings, Inc.'s net profit margin?

Enact Holdings, Inc. (ACT) had a net profit margin of 57.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Enact Holdings, Inc. pay dividends?

Yes, Enact Holdings, Inc. (ACT) paid $0.71 per share in dividends during fiscal year 2024.

What is Enact Holdings, Inc.'s return on equity (ROE)?

Enact Holdings, Inc. (ACT) has a return on equity of 13.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Enact Holdings, Inc.'s operating cash flow?

Enact Holdings, Inc. (ACT) generated $686.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Enact Holdings, Inc.'s total assets?

Enact Holdings, Inc. (ACT) had $6.5B in total assets as of fiscal year 2024, including both current and long-term assets.

Does Enact Holdings, Inc. buy back shares?

Yes, Enact Holdings, Inc. (ACT) spent $244.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does Enact Holdings, Inc. have outstanding?

Enact Holdings, Inc. (ACT) had 152M shares outstanding as of fiscal year 2024.

What is Enact Holdings, Inc.'s debt-to-equity ratio?

Enact Holdings, Inc. (ACT) had a debt-to-equity ratio of 0.15 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Enact Holdings, Inc.'s return on assets (ROA)?

Enact Holdings, Inc. (ACT) had a return on assets of 10.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Enact Holdings, Inc.'s Piotroski F-Score?

Enact Holdings, Inc. (ACT) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Enact Holdings, Inc.'s earnings high quality?

Enact Holdings, Inc. (ACT) has an earnings quality ratio of 1.00x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.