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

Enact Holdings, Inc. (ACT) reported diluted earnings per share of $4.52 for fiscal year 2025. This represents a 3.4% 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.

Enact Holdings, Inc. Financials

ACT

Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 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 7 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).

Rhea AI ACT FY2025 2026-05-06

High-margin earnings and disciplined leverage are funding a steady shift from balance-sheet growth to per-share cash returns.

From FY2023 to FY2025, operating cash flow rose from $632.0M to $724.5M even though net income stayed in a narrow band, which suggests earnings quality improved and more of the business's profit was arriving as cash. That stronger cash conversion helped fund heavier buybacks, so FY2025 per-share progress depended more on a smaller share count than on a larger profit pool.

Debt was essentially unchanged while equity expanded from $4.1B to $5.4B, so the balance sheet strengthened because retained profits accumulated faster than obligations. The drop in debt-to-equity shows growth was financed internally rather than through added borrowing.

FY2025 cash generation exceeded accounting profit, yet cash still ended the year at $582.5M because management returned large sums to shareholders, led by $382.4M of buybacks. That capital-return mix matters because shrinking the share base can keep per-share results improving even when total net income is roughly flat.

Financial Health Signals

Financial Health Score 70/100

Scored as: Insurers peer group

Scored against insurers for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Enact Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Loss Ratio

Premium Growth

Capital

100

Combined Ratio

Stability

Piotroski F-Score Partial

5/7

Enact Holdings, Inc. passes 5 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.07x

For every $1 of reported earnings, Enact Holdings, Inc. generates $1.07 in operating cash flow ($724.5M OCF vs $674.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.2B

YoY+2.8%

5Y CAGR+2.2%

Enact Holdings, Inc. generated $1.2B in revenue in fiscal year 2025. This represents an increase of 2.8% from the prior year.

EBITDA

N/A

Net Income

$674.2M

YoY-2.0%

5Y CAGR+12.7%

Enact Holdings, Inc. reported $674.2M in net income in fiscal year 2025. This represents a decrease of 2.0% from the prior year.

EPS (Diluted)

$4.52

YoY+3.4%

5Y CAGR+14.8%

Enact Holdings, Inc. earned $4.52 per diluted share (EPS) in fiscal year 2025. This represents an increase of 3.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$582.5M

YoY-2.8%

5Y CAGR+5.2%

Enact Holdings, Inc. held $582.5M in cash against $744.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.81

YoY+14.0%

Enact Holdings, Inc. paid $0.81 per share in dividends in fiscal year 2025. This represents an increase of 14.0% from the prior year.

Shares Outstanding

142M

YoY-6.6%

5Y CAGR-2.7%

Enact Holdings, Inc. had 142M shares outstanding in fiscal year 2025. This represents a decrease of 6.6% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

54.6%

YoY-2.7pp

5Y CAGR+21.1pp

Enact Holdings, Inc.'s net profit margin was 54.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.

Return on Equity

12.6%

YoY-1.2pp

5Y CAGR+3.1pp

Enact Holdings, Inc.'s ROE was 12.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$382.4M

YoY+56.7%

Enact Holdings, Inc. spent $382.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 56.7% from the prior year.

Capital Expenditures

N/A

ACT Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$1.2B+2.8%	$1.2B+4.2%	$1.2B+5.4%	$1.1B-2.0%	$1.1B+1.0%	$1.1B
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	$208.3M-2.3%	$213.3M+0.4%	$212.5M-6.4%	$226.9M-1.9%	$231.5M+7.6%	$215.0M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$49.9M-2.4%	$51.2M-1.4%	$51.9M+0.3%	$51.7M+1.4%	$51.0M+179.6%	$18.2M
Income Tax	$184.6M-2.8%	$190.0M+2.1%	$186.0M-4.2%	$194.1M+30.7%	$148.5M+45.6%	$102.0M
Net Income	$674.2M-2.0%	$688.1M+3.4%	$665.5M-5.5%	$704.2M+28.8%	$546.7M+47.6%	$370.4M
EPS (Diluted)	$4.52+3.4%	$4.37+6.3%	$4.11-4.6%	$4.31+28.3%	$3.36+48.0%	$2.27

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$312.1M-0.2%	$312.7M+0.4%	$311.5M+2.2%	$304.9M-0.6%	$306.8M+1.7%	$301.8M-2.5%	$309.6M+3.6%	$298.8M
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	$2.0M	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	$12.4M-0.8%	$12.5M-3.3%	$12.9M+4.9%	$12.3M0.0%	$12.3M+0.2%	$12.3M-0.2%	$12.3M-9.9%	$13.6M
Income Tax	$45.6M-0.7%	$45.9M-0.9%	$46.3M-0.8%	$46.7M+2.3%	$45.6M+1.2%	$45.1M-7.5%	$48.8M-4.6%	$51.2M
Net Income	$167.8M-5.3%	$177.2M+8.4%	$163.5M-2.6%	$167.8M+1.2%	$165.8M+1.9%	$162.7M-9.9%	$180.7M-1.6%	$183.7M
EPS (Diluted)	$1.18	N/A	$1.10-0.9%	$1.11+2.8%	$1.08	N/A	$1.15-0.9%	$1.16

ACT Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$6.9B+5.7%	$6.5B+5.3%	$6.2B+8.4%	$5.7B-2.7%	$5.9B+3.8%	$5.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$582.5M-2.8%	$599.4M-2.6%	$615.7M+19.8%	$513.8M+20.7%	$425.8M-6.0%	$452.8M
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+0.8%	$1.5B-2.1%	$1.6B-3.1%	$1.6B-8.6%	$1.8B-0.6%	$1.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$744.5M+0.2%	$743.0M-0.3%	$745.4M+0.3%	$742.8M+0.3%	$740.4M+0.3%	$738.2M
Total Equity	$5.4B+7.2%	$5.0B+7.9%	$4.6B+13.0%	$4.1B-0.1%	$4.1B+5.8%	$3.9B
Retained Earnings	$3.7B+17.7%	$3.1B+22.5%	$2.6B+21.4%	$2.1B+27.4%	$1.6B+26.5%	$1.3B

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$7.0B+1.0%	$6.9B+0.2%	$6.9B+1.5%	$6.8B+0.8%	$6.7B+3.1%	$6.5B-1.1%	$6.6B+3.9%	$6.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$549.0M-5.7%	$582.5M+7.2%	$543.6M-11.3%	$613.0M-3.5%	$635.3M+6.0%	$599.4M-11.0%	$673.4M-3.7%	$699.0M
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+5.2%	$1.5B-1.3%	$1.6B+0.6%	$1.6B-3.2%	$1.6B+5.0%	$1.5B-2.3%	$1.6B+2.4%	$1.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$744.9M0.0%	$744.5M0.0%	$744.1M0.0%	$743.8M0.0%	$743.4M0.0%	$743.0M0.0%	$742.7M0.0%	$742.4M
Total Equity	$5.3B-0.2%	$5.4B+0.7%	$5.3B+1.8%	$5.2B+2.0%	$5.1B+2.5%	$5.0B-0.8%	$5.0B+4.4%	$4.8B
Retained Earnings	$3.8B+3.7%	$3.7B+4.2%	$3.5B+3.9%	$3.4B+4.2%	$3.3B+4.4%	$3.1B+4.5%	$3.0B+5.3%	$2.8B

ACT Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$724.5M+5.6%	$686.3M+8.6%	$632.0M+12.8%	$560.5M-2.0%	$572.1M-18.8%	$704.4M
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	-$226.4M+29.4%	-$320.5M-39.7%	-$229.4M-4.2%	-$220.3M+44.8%	-$398.8M+64.9%	-$1.1B
Financing Cash Flow	-$515.1M-34.8%	-$382.0M-27.0%	-$300.7M-19.2%	-$252.3M-26.0%	-$200.3M-166.7%	$300.3M
Dividends Paid	$120.8M+8.2%	$111.7M-47.5%	$213.0M-15.1%	$250.8M+25.2%	$200.3M-54.2%	$437.4M
Share Buybacks	$382.4M+56.7%	$244.0M+178.0%	$87.8M+5628.6%	$1.5M	$0	$0

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$224.0M+20.3%	$186.3M-3.0%	$192.0M+60.7%	$119.5M-47.3%	$226.7M+36.5%	$166.1M-11.7%	$188.1M+30.0%	$144.7M
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	-$125.5M-1346.7%	$10.1M+108.3%	-$121.3M-373.4%	-$25.6M+71.4%	-$89.6M+34.6%	-$136.9M-33.8%	-$102.3M-417.8%	$32.2M
Financing Cash Flow	-$132.0M+16.1%	-$157.4M-12.3%	-$140.1M-20.6%	-$116.2M-14.7%	-$101.3M+1.8%	-$103.2M+7.4%	-$111.5M-20.9%	-$92.2M
Dividends Paid	$29.8M-1.7%	$30.3M-2.2%	$31.0M-1.7%	$31.5M+12.1%	$28.1M-1.1%	$28.4M-1.3%	$28.8M-1.0%	$29.1M
Share Buybacks	$93.2M-26.6%	$127.0M+20.4%	$105.5M+24.7%	$84.6M+29.6%	$65.3M-12.5%	$74.6M+5.2%	$71.0M+46.0%	$48.6M

ACT Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
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	54.6%-2.7pp	57.3%-0.4pp	57.7%-6.6pp	64.3%+15.4pp	48.9%+15.4pp	33.5%
Return on Equity	12.6%-1.2pp	13.8%-0.6pp	14.4%-2.8pp	17.2%+3.8pp	13.3%+3.8pp	9.5%
Return on Assets	9.8%-0.8pp	10.5%-0.2pp	10.8%-1.6pp	12.3%+3.0pp	9.3%+2.8pp	6.6%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.140.0	0.15-0.0	0.16-0.0	0.180.0	0.180.0	0.19
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
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	53.8%-2.9pp	56.6%+4.2pp	52.5%-2.5pp	55.0%+1.0pp	54.0%+0.1pp	53.9%-4.4pp	58.4%-3.1pp	61.5%
Return on Equity	3.1%-0.2pp	3.3%+0.2pp	3.1%-0.1pp	3.2%-0.0pp	3.2%-0.0pp	3.3%-0.3pp	3.6%-0.2pp	3.8%
Return on Assets	2.4%-0.2pp	2.6%+0.2pp	2.4%-0.1pp	2.5%0.0pp	2.5%-0.0pp	2.5%-0.2pp	2.7%-0.1pp	2.9%
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	0.140.0	0.140.0	0.150.0	0.150.0	0.150.0	0.15
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 2025. This represents a 2.8% 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 2.8% year-over-year, from $1.2B to $1.2B in fiscal year 2025.

Is Enact Holdings, Inc. profitable?

Yes, Enact Holdings, Inc. (ACT) reported a net income of $674.2M in fiscal year 2025, with a net profit margin of 54.6%.

How much debt does Enact Holdings, Inc. have?

As of fiscal year 2025, Enact Holdings, Inc. (ACT) had $582.5M in cash and equivalents against $744.5M in long-term debt.

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

Enact Holdings, Inc. (ACT) had a net profit margin of 54.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Enact Holdings, Inc. pay dividends?

Yes, Enact Holdings, Inc. (ACT) paid $0.81 per share in dividends during fiscal year 2025.

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

Enact Holdings, Inc. (ACT) has a return on equity of 12.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

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

Enact Holdings, Inc. (ACT) generated $724.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

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

Enact Holdings, Inc. (ACT) had $6.9B in total assets as of fiscal year 2025, including both current and long-term assets.

Does Enact Holdings, Inc. buy back shares?

Yes, Enact Holdings, Inc. (ACT) spent $382.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

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

Enact Holdings, Inc. (ACT) had 142M shares outstanding as of fiscal year 2025.

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

Enact Holdings, Inc. (ACT) had a debt-to-equity ratio of 0.14 as of fiscal year 2025, 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 9.8% for fiscal year 2025, 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 5 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.07x, considered cash-backed (high 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.

How financially healthy is Enact Holdings, Inc.?

Enact Holdings, Inc. (ACT) scores 70 out of 100 on our Financial Health Score, indicating strong standing within its insurers peer group. The score is a 0-100 composite of six dimensions (Loss Ratio, Premium Growth, Capital, Investment Yield, Combined Ratio, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.