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Enact Holdings, Inc.(ACT)Earnings, Financials & Key Ratios
ACT•NASDAQ•Insurance & Managed Care
9.4× P/E·Price updated Jun 19, 2026
AboutEnact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company is involved in writing and assuming residential mortgage guaranty insurance. It offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and contract underwriting services for mortgage lenders. 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.Show more
- Revenue$1.23B+2.4%
- Combined Ratio30.2%+12.1%
- Net Income$674M-2.0%
- Return on Equity13.03%-8.9%
- Medical Cost Ratio8.9%-59.1%
- Operating Margin69.8%-4.5%
- Net Margin54.8%-4.3%
- ROA10.03%-6.9%
- Equity / Assets77.68%+1.8%
ACT Key Insights
Enact Holdings, Inc. (ACT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Profitable underwriting: 30.2% combined ratio
- ✓Strong Piotroski F-Score: 7/9
- ✓Low loss ratio of 8.9%
- ✓Share count reduced 5.2% through buybacks
- ✓Trading at only 1.2x book value
✗Weaknesses
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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ACT Price & Volume
Enact Holdings, Inc. (ACT) stock price & volume — 10-year historical chart
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ACT Growth Metrics
Enact Holdings, Inc. (ACT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years2.15%
3 Years3.97%
TTM1.84%
Profit CAGR
10 Years-
5 Years12.73%
3 Years-1.44%
TTM-2.4%
EPS CAGR
10 Years-
5 Years14.77%
3 Years1.6%
TTM3.83%
Return on Capital
10 Years14.42%
5 Years14.08%
3 Years13.91%
Last Year12.98%
ACT Recent Earnings
Enact Holdings, Inc. (ACT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$1.21+0.0%
$1.21
Rev
$312M-0.9%
$315M
Q1 2026
Feb 3, 2026Metric
Actual
Est
EPS
$1.23+12.8%
$1.09
Rev
$313M-1.4%
$317M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$1.12+0.0%
$1.12
Rev
$311M-1.3%
$316M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$1.15+3.6%
$1.11
Rev
$305M-1.8%
$310M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.21vs $1.21+0.0% | $312Mvs $315M-0.9% |
| Q1 2026 | Feb 3, 2026 | $1.23vs $1.09+12.8% | $313Mvs $317M-1.4% |
| Q4 2025 | Nov 5, 2025 | $1.12vs $1.12+0.0% | $311Mvs $316M-1.3% |
| Q3 2025 | Jul 30, 2025 | $1.15vs $1.11+3.6% | $305Mvs $310M-1.8% |
Based on last 12 quarters of dataView full earnings history →
ACT Peer Comparison
Enact Holdings, Inc. (ACT) competitors in Mortgage and Title Insurance — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MTG | 5.51B | 26.06 | 8.30 | 0.49% | 59.63% | 14% | 0.13 | |
 RDN | 4.73B | 34.70 | 8.38 | -3.36% | 40.28% | 12.01% | 0.24 | |
 ESNT | 5.39B | 58.45 | 8.47 | -0.49% | 53.34% | 12.01% | 0.09 | |
 NMIH | 2.85B | 37.48 | 7.62 | 8.39% | 55.07% | 15.8% | 0.16 | |
 PFSI | 4.3B | 82.38 | 8.86 | 173.81% | 14.31% | 12.02% | 5.35 | |
 FAF | 7.02B | 68.63 | 11.44 | 21.64% | 11.19% | 12.54% | 0.35 | |
 FNF | 12.6B | 46.82 | 21.19 | 8.61% | 5.15% | 8.5% | 0.53 | |
 STC | 2.03B | 66.46 | 16.45 | 17.32% | 3.96% | 7.72% | 0.54 |
Compare ACT vs Peers
Enact Holdings, Inc. (ACT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
ACT Income Statement
Enact Holdings, Inc. (ACT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 841.1M | 978.85M | 1.11B | 1.12B | 1.09B | 1.15B | 1.2B | 1.23B | 1.24B |
Revenue Growth % | - | 16.38% | 13.04% | 1.24% | -2.26% | 5.37% | 4.18% | 2.37% | 1.84% |
Medical Costs & Claims | 0 | 260.68M | 615.8M | 371.63M | 145.13M | 250.31M | 261.63M | 109.53M | 184.63M |
Medical Cost Ratio % | 0% | 26.63% | 55.65% | 33.18% | 13.25% | 21.7% | 21.77% | 8.9% | 14.89% |
Gross Profit | 841.1M▲ 0% | 718.17M▼ 14.6% | 490.66M▼ 31.7% | 748.55M▲ 52.6% | 949.75M▲ 26.9% | 903.38M▼ 4.9% | 940.31M▲ 4.1% | 1.12B▲ 19.2% | 742.95M▲ 0% |
Gross Margin % | 100% | 73.37% | 44.35% | 66.82% | 86.75% | 78.3% | 78.23% | 91.1% | 59.93% |
Gross Profit Growth % | - | -14.62% | -31.68% | 52.56% | 26.88% | -4.88% | 4.09% | 19.2% | - |
Operating Expenses | 191.02M | 0 | 18.24M | 53.34M | 51.53M | 51.87M | 62.24M | 262.02M | 142.57M |
OpEx / Revenue % | 22.71% | 0% | 1.65% | 4.76% | 4.71% | 4.5% | 5.18% | 21.3% | 11.5% |
Depreciation & Amortization | -613.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Combined Ratio % | 22.71% | 26.63% | 57.3% | 37.94% | 17.96% | 26.19% | 26.95% | 30.2% | 26.39% |
Operating Income | 613.67M▲ 0% | 718.17M▲ 17.0% | 472.42M▼ 34.2% | 695.22M▲ 47.2% | 898.22M▲ 29.2% | 851.51M▼ 5.2% | 878.06M▲ 3.1% | 858.84M▼ 2.2% | 860.8M▲ 0% |
Operating Margin % | 72.96% | 73.37% | 42.7% | 62.06% | 82.04% | 73.81% | 73.05% | 69.8% | 69.44% |
Operating Income Growth % | - | 17.03% | -34.22% | 47.16% | 29.2% | -5.2% | 3.12% | -2.19% | - |
EBITDA | 0 | 718.17M | 490.66M | 746.23M | 949.92M | 903.38M | 929.22M | 908.79M | 898.45M |
EBITDA Margin % | 0% | 73.37% | 44.35% | 66.62% | 86.76% | 78.3% | 77.31% | 73.86% | 72.48% |
Interest Expense | 0 | 0 | 18.24M | 51.01M | 51.7M | 51.87M | 51.16M | 49.95M | 50.03M |
Non-Operating Income | 227.43M | 0 | -18.24M | -51.01M | -51.7M | -51.87M | -51.16M | -49.95M | -37.66M |
Pretax Income | 613.67M▲ 0% | 718.17M▲ 17.0% | 472.42M▼ 34.2% | 695.22M▲ 47.2% | 898.22M▲ 29.2% | 851.51M▼ 5.2% | 878.06M▲ 3.1% | 858.84M▼ 2.2% | 860.8M▲ 0% |
Pretax Margin % | 72.96% | 73.37% | 42.7% | 62.06% | 82.04% | 73.81% | 73.05% | 69.8% | 69.44% |
Income Tax | 129.81M | 155.83M | 102M | 148.53M | 194.06M | 186M | 189.99M | 184.59M | 184.56M |
Effective Tax Rate % | 21.15% | 21.7% | 21.59% | 21.36% | 21.61% | 21.84% | 21.64% | 21.49% | 21.44% |
Net Income | 483.86M▲ 0% | 677.63M▲ 40.0% | 370.42M▼ 45.3% | 546.68M▲ 47.6% | 704.16M▲ 28.8% | 665.51M▼ 5.5% | 688.07M▲ 3.4% | 674.24M▼ 2.0% | 676.24M▲ 0% |
Net Margin % | 57.53% | 69.23% | 33.48% | 48.8% | 64.31% | 57.69% | 57.25% | 54.8% | 54.55% |
Net Income Growth % | - | 40.05% | -45.34% | 47.58% | 28.8% | -5.49% | 3.39% | -2.01% | -2.4% |
EPS (Diluted) | 2.97▲ 0% | 3.45▲ 16.2% | 2.27▼ 34.2% | 3.36▲ 48.0% | 4.31▲ 28.3% | 4.11▼ 4.6% | 4.37▲ 6.3% | 4.52▲ 3.4% | 4.74▲ 0% |
EPS Growth % | - | 16.16% | -34.2% | 48.02% | 28.27% | -4.64% | 6.33% | 3.43% | 3.83% |
EPS (Basic) | 2.97 | 3.45 | 2.27 | 3.36 | 4.32 | 4.14 | 4.40 | 4.54 | - |
Diluted Shares Outstanding | 162.84M | 162.84M | 162.84M | 162.88M | 163.29M | 161.85M | 157.55M | 149.32M | 142.63M |
ACT Balance Sheet
Enact Holdings, Inc. (ACT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Total Assets | 4.1B | 4.56B | 5.7B | 5.91B | 5.74B | 6.22B | 6.55B | 6.89B | 6.96B |
Asset Growth % | - | 11.13% | 25.1% | 3.79% | -3.02% | 8.4% | 5.34% | 5.25% | 19.74% |
Total Investment Assets | 3.7B | 3.76B | 5.05B | 5.29B | 4.89B | 5.29B | 5.63B | 6.05B | 4M |
Long-Term Investments | 3.7B | 3.76B | 5.05B | 5.29B | 4.89B | 5.29B | 5.63B | 6.05B | 18.02B |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.13B |
Total Current Assets | 199.06M | 626.22M | 499.26M | 468.09M | 555.51M | 660.75M | 652.46M | 628.62M | 6.68B |
Cash & Equivalents | 159.05M | 585.06M | 452.79M | 425.83M | 513.77M | 615.68M | 599.43M | 582.49M | 549.04M |
Receivables | 40.01M | 41.16M | 46.46M | 42.27M | 41.74M | 45.07M | 53.03M | 46.13M | 138.87M |
Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 0 | 22.6M | 0 | 15.5M | 13.6M | 11.3M | 8.8M | 0 | 0 |
Other Assets | 80.38M | 86.7M | 106.86M | 88.84M | 124.76M | 143.57M | 167.12M | 194.31M | 0 |
Total Liabilities | 825.07M | 727.97M | 1.82B | 1.81B | 1.63B | 1.59B | 1.55B | 1.54B | 1.62B |
Total Debt | 0 | 46.8M | 775.51M | 775.82M | 771.26M | 768.68M | 760.32M | 744.48M | 0 |
Net Debt | -159.05M | -538.26M | 322.72M | 349.99M | 257.48M | 153M | 160.89M | 161.99M | -549.04M |
Long-Term Debt | 0 | 23.4M | 707.14M | 758.12M | 755.32M | 755.15M | 749.74M | 744.48M | 0 |
Short-Term Debt | 0 | 0 | 51.46M | 0 | 3.44M | 3.8M | 3.88M | 0 | 0 |
Total Current Liabilities | 421.79M | 383.46M | 358.4M | 246.32M | 206.16M | 153.13M | 118.56M | 91.64M | 0 |
Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue | 421.79M | 383.46M | 306.94M | 246.32M | 202.72M | 149.33M | 114.68M | 91.64M | 0 |
Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
Other Liabilities | 375.27M | 245.59M | 651.63M | 736.53M | 634.27M | 640.11M | 650.44M | 702.16M | 1.62B |
Total Equity | 3.27B▲ 0% | 3.83B▲ 16.9% | 3.88B▲ 1.4% | 4.11B▲ 5.8% | 4.1B▼ 0.1% | 4.63B▲ 13.0% | 5B▲ 7.9% | 5.36B▲ 7.2% | 5.34B▲ 0% |
Equity Growth % | - | 16.9% | 1.43% | 5.76% | -0.11% | 12.96% | 7.85% | 7.19% | 25.38% |
Shareholders Equity | 3.27B | 3.83B | 3.88B | 4.11B | 4.1B | 4.63B | 5B | 5.36B | 5.34B |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Earnings | 942.41M | 1.37B | 1.3B | 1.65B | 2.1B | 2.55B | 3.13B | 3.68B | 3.82B |
Common Stock | 0 | 0 | 0 | 1.63M | 1.63M | 1.59M | 1.52M | 1.42M | 1.4M |
Accumulated OCI | -26.52M | 93.43M | 208.38M | 83.58M | -382.74M | -230.4M | -207.45M | -30.14M | -82.71M |
Return on Equity (ROE) | 14.78% | 19.09% | 9.61% | 13.69% | 17.16% | 15.24% | 14.29% | 13.03% | 12.74% |
Return on Assets (ROA) | 11.8% | 15.66% | 7.23% | 9.42% | 12.09% | 11.14% | 10.78% | 10.03% | 9.83% |
Equity / Assets | 79.87% | 84.02% | 68.12% | 69.42% | 71.5% | 74.5% | 76.28% | 77.68% | 76.75% |
Debt / Equity | - | 0.01x | 0.20x | 0.19x | 0.19x | 0.17x | 0.15x | 0.14x | 0.00x |
Book Value per Share | 20.10 | 23.50 | 23.84 | 25.21 | 25.11 | 28.62 | 31.71 | 35.86 | 37.46 |
Tangible BV per Share | 20.10 | 23.50 | 23.84 | 25.21 | 25.11 | 28.62 | 31.71 | 35.86 | 37.46 |
ACT Cash Flow Statement
Enact Holdings, Inc. (ACT) cash flow — operating, investing & free cash flow history
| Metric | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 511.12M | 500.02M | 704.35M | 572.12M | 560.51M | 632.04M | 686.26M | 724.52M | 721.83M |
Operating CF Growth % | - | -2.17% | 40.86% | -18.77% | -2.03% | 12.76% | 8.58% | 5.57% | -4.41% |
Operating CF / Revenue % | 60.77% | 51.08% | 63.66% | 51.07% | 51.19% | 54.78% | 57.1% | 58.89% | 58.23% |
Net Income | 483.86M | 677.63M | 370.42M | 546.68M | 704.16M | 665.51M | 688.07M | 674.24M | 676.24M |
Depreciation & Amortization | 0 | -2.9M | 0 | 3.33M | -749K | 0 | 0 | 0 | -1.5M |
Stock-Based Compensation | 4.1M | 2.9M | 0 | 1.5M | 9.88M | 15.28M | 18.77M | 0 | 13.91M |
Deferred Taxes | 0 | 56.73M | 11.13M | -1.42M | -2.3M | -1.83M | 4.46M | 0 | 6.63M |
Other Non-Cash Items | 179.53M | -78.14M | 12.91M | 907K | 7.74M | 14.62M | 27.99M | 34.5M | 62M |
Working Capital Changes | -152.28M | -156.2M | 309.89M | 21.13M | -158.22M | -61.54M | -53.03M | 15.77M | -35.44M |
Cash from Investing | -498.18M | 175.99M | -1.14B | -398.78M | -220.25M | -229.4M | -320.51M | -226.38M | -262.29M |
Capital Expenditures | 0 | -175.99M | 0 | -685.65M | 6.62M | 0 | 0 | 0 | 0 |
Acquisitions | 0 | 510.25M | 0 | -27.3M | -6.52M | 0 | 0 | 0 | 0 |
Purchase of Investments | -1.26B | -951.28M | -1.94B | -1.58B | -1.22B | -1.04B | -1.61B | -1.9B | -1.81B |
Sale/Maturity of Investments | 760.65M | 617.02M | 805.55M | 1.21B | 1.01B | 819.58M | 1.31B | 1.68B | 1.56B |
Other Investing | -498.18M | 175.99M | 0 | 685.65M | -6.62M | -13.93M | -21.1M | -8.32M | -8.98M |
Cash from Financing | -50M | -250M | 300.3M | -200.29M | -252.31M | -300.73M | -382M | -515.08M | -545.78M |
Dividends Paid | -50M | -250M | -437.35M | -200.29M | -250.78M | -212.96M | -111.72M | -120.83M | -122.5M |
Share Repurchases | 0 | 0 | 0 | 0 | -1.53M | -87.76M | -243.97M | -382.4M | -410.31M |
Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debt Issuance (Net) | 0 | 0 | 1000K | 0 | 0 | 0 | -1000K | 0 | 0 |
Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | -18.46M | -11.85M | -106.16M |
Net Change in Cash | -37.06M▲ 0% | 426.01M▲ 1249.5% | -132.26M▼ 131.0% | -26.97M▲ 79.6% | 87.95M▲ 426.1% | 101.91M▲ 15.9% | -16.25M▼ 115.9% | -16.94M▼ 4.2% | -86.23M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | -7K | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 196.11M | 159.05M | 585.06M | 452.79M | 425.83M | 513.77M | 615.68M | 599.43M | 582.49M |
Cash at End | 159.05M | 585.06M | 452.79M | 425.83M | 513.77M | 615.68M | 599.43M | 582.49M | 549.04M |
Free Cash Flow | 511.12M▲ 0% | 324.03M▼ 36.6% | 704.35M▲ 117.4% | -113.53M▼ 116.1% | 567.13M▲ 599.5% | 632.04M▲ 11.4% | 686.26M▲ 8.6% | 724.52M▲ 5.6% | 721.83M▲ 0% |
FCF Growth % | - | -36.6% | 117.37% | -116.12% | 599.52% | 11.45% | 8.58% | 5.57% | -0.53% |
FCF Margin % | 60.77% | 33.1% | 63.66% | -10.14% | 51.8% | 54.78% | 57.1% | 58.89% | 58.23% |
FCF per Share | 3.14 | 1.99 | 4.33 | -0.7 | 3.47 | 3.91 | 4.36 | 4.85 | 5.06 |
ACT Key Ratios
Enact Holdings, Inc. (ACT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
Combined Ratio | 26.63% | 57.3% | 37.94% | 17.96% | 26.19% | 26.95% | 30.2% | 26.39% |
Medical Cost Ratio | 26.63% | 55.65% | 33.18% | 13.25% | 21.7% | 21.77% | 8.9% | 14.89% |
Return on Equity (ROE) | 19.09% | 9.61% | 13.69% | 17.16% | 15.24% | 14.29% | 13.03% | 12.74% |
Return on Assets (ROA) | 15.66% | 7.23% | 9.42% | 12.09% | 11.14% | 10.78% | 10.03% | 9.83% |
Equity / Assets | 84.02% | 68.12% | 69.42% | 71.5% | 74.5% | 76.28% | 77.68% | 76.75% |
Book Value / Share | 23.5 | 23.84 | 25.21 | 25.11 | 28.62 | 31.71 | 35.86 | 37.46 |
Debt / Equity | 0.01x | 0.20x | 0.19x | 0.19x | 0.17x | 0.15x | 0.14x | 0.00x |
Revenue Growth | 16.38% | 13.04% | 1.24% | -2.26% | 5.37% | 4.18% | 2.37% | 1.84% |
Related:ACT Dividend History·ACT Revenue History·ACT Price History·ACT P/E History·ACT Financial Ratios·ACT Institutional Holders
ACT SEC Filings & Documents
Enact Holdings, Inc. (ACT) SEC filings — annual & quarterly reports (10-K, 10-Q)
ACT Frequently Asked Questions
Enact Holdings, Inc. (ACT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Enact Holdings, Inc. (ACT) grew revenue by 2.4% over the past year. Growth has been modest.
Yes, Enact Holdings, Inc. (ACT) is profitable, generating $676.2M in net income for fiscal year 2025 (54.8% net margin).
Dividend & Returns
Yes, Enact Holdings, Inc. (ACT) pays a dividend with a yield of 1.91%. This makes it attractive for income-focused investors.
Enact Holdings, Inc. (ACT) has a return on equity (ROE) of 13.0%. This is reasonable for most industries.
Industry Metrics
Enact Holdings, Inc. (ACT) has a combined ratio of 30.2%. A ratio below 100% indicates underwriting profitability.