NASDAQ · Financial Statements

Enact Holdings, Inc. (ACT) Financial Statements

$47.89 NASDAQ: ACT Market Cap $6.58B

Enact Holdings, Inc. most recently reported annual revenue of $1.2B, net profit of $674.0M. Revenue grew at an average annual rate of 2.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Enact Holdings, Inc.: Revenue rose from $841.0M in 2018 to $1.2B in 2025, a change of +46.3% over 7 years; net profit was positive in all 8 reported years; operating margin moved from 73.0% to 69.8%, a shift of -3.2 percentage points; the most recent year shows net profit of $674.0M.

Income Statement — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	$841.0M	$979.0M	$1.1B	$1.1B	$1.1B	$1.2B	$1.2B	$1.2B
Operating Expenses	$227.0M	$261.0M	$634.0M	$425.0M	$197.0M	$302.0M	$324.0M	$372.0M
Operating Profit	$614.0M	$718.0M	$472.0M	$695.0M	$898.0M	$852.0M	$878.0M	$859.0M
Operating Margin	73.0%	73.4%	42.7%	62.1%	82.0%	73.8%	73.0%	69.8%
Other Income	$-227.0M	$0	$0	$0	$0	$0	$0	$0
Interest	$0	$0	$18.0M	$51.0M	$52.0M	$52.0M	$51.0M	$50.0M
Depreciation	$0	$0	$0	$3.0M	$0	$0	$0	$0
Profit Before Tax	$614.0M	$718.0M	$472.0M	$695.0M	$898.0M	$852.0M	$878.0M	$859.0M
Tax	$21.1M	$21.7M	$21.6M	$21.4M	$21.6M	$21.8M	$21.6M	$21.5M
Net Profit	$484.0M	$678.0M	$370.0M	$547.0M	$704.0M	$666.0M	$688.0M	$674.0M
EPS	$2.97	$3.45	$2.27	$3.36	$4.31	$4.11	$4.37	$4.52
Dividend Payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

Metric	Sep '23	Dec '23	Mar '24	Jun '24	Sep '24	Dec '24	Mar '25	Jun '25	Sep '25	Dec '25	Mar '26	Jun '26
Revenue	$299.0M	$296.0M	$292.0M	$299.0M	$310.0M	$302.0M	$307.0M	$305.0M	$311.0M	$312.0M	$312.0M	$317.0M
Operating Expenses	$86.0M	$96.0M	$86.0M	$64.0M	$80.0M	$94.0M	$95.0M	$90.0M	$102.0M	$88.0M	$99.0M	$97.0M
Operating Profit	$213.0M	$200.0M	$206.0M	$235.0M	$229.0M	$208.0M	$211.0M	$215.0M	$210.0M	$223.0M	$213.0M	$220.0M
Operating Margin	71.3%	67.4%	70.6%	78.6%	74.1%	68.8%	68.9%	70.4%	67.4%	71.6%	68.4%	69.3%
Interest	$13.0M	$13.0M	$13.0M	$14.0M	$12.0M	$12.0M	$12.0M	$12.0M	$13.0M	$12.0M	$12.0M	$12.0M
Profit Before Tax	$213.0M	$200.0M	$206.0M	$235.0M	$229.0M	$208.0M	$211.0M	$215.0M	$210.0M	$223.0M	$213.0M	$220.0M
Tax	$22.9M	$21.3M	$21.8M	$21.8M	$21.3M	$21.7M	$21.6M	$21.8M	$22.1M	$20.6M	$21.4M	$20.5M
Net Profit	$164.0M	$157.0M	$161.0M	$184.0M	$181.0M	$163.0M	$166.0M	$168.0M	$163.0M	$177.0M	$168.0M	$175.0M
EPS	$1.02	$0.98	$1.01	$1.16	$1.15	$1.05	$1.08	$1.11	$1.10	$1.22	$1.18	$1.25

Over the 8 years reported for Enact Holdings, Inc., cash stood at $582.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 6.84 times.

Balance Sheet — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Total Assets	$4.1B	$4.6B	$5.7B	$5.9B	$5.7B	$6.2B	$6.5B	$6.9B
Current Assets	$199.0M	$626.0M	$499.0M	$468.0M	$556.0M	$661.0M	$652.0M	$629.0M
Cash	$159.0M	$585.0M	$453.0M	$426.0M	$514.0M	$616.0M	$599.0M	$582.0M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0
Receivables	$40.0M	$41.0M	$46.0M	$42.0M	$42.0M	$45.0M	$53.0M	$46.0M
Fixed Assets	$0	$23.0M	$0	$16.0M	$14.0M	$11.0M	$9.0M	$0
Capital Work in Progress	$0	$0	$0	$0	$0	$0	$0	$0
Investments	$3.7B	$3.8B	$5.0B	$5.3B	$4.9B	$5.3B	$5.6B	$6.1B
Other Assets	$0	$0	$0	$0	$0	$0	$0	$0
Total Liabilities	$825.0M	$728.0M	$1.8B	$1.8B	$1.6B	$1.6B	$1.6B	$1.5B
Current Liabilities	$422.0M	$383.0M	$358.0M	$246.0M	$206.0M	$153.0M	$119.0M	$92.0M
Borrowings	$0	$47.0M	$776.0M	$776.0M	$771.0M	$769.0M	$760.0M	$744.0M
Other Liabilities	$825.0M	$681.0M	$1.0B	$1.0B	$864.0M	$817.0M	$793.0M	$794.0M
Equity	$0	$0	$0	$2.0M	$2.0M	$2.0M	$2.0M	$1.0M
Reserves	$3.3B	$3.8B	$3.9B	$4.1B	$4.1B	$4.6B	$5.0B	$5.4B

For Enact Holdings, Inc., operating cash flow was positive in 8 of 8 reported years; free cash flow in the latest year was $725.0M; free cash flow was positive in 7 of 8 years; financing activities used $394.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 8 Years (USD millions)

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Operating Cash Flow	$511.0M	$500.0M	$704.0M	$572.0M	$561.0M	$632.0M	$686.0M	$725.0M
Investing Cash Flow	$-996.0M	$0	$-1.1B	$-1.1B	$-214.0M	$-229.0M	$-321.0M	$-226.0M
Financing Cash Flow	$0	$0	$0	$0	$-2.0M	$-88.0M	$-262.0M	$-394.0M
Net Cash Flow	$-37.0M	$426.0M	$-132.0M	$-27.0M	$88.0M	$102.0M	$-16.0M	$-17.0M
Free Cash Flow	$511.0M	$324.0M	$704.0M	$-114.0M	$567.0M	$632.0M	$686.0M	$725.0M

Valuation & Return Ratios

Metric	Value
PEG Ratio	1.28
EV / EBITDA	7.48
FCF Yield	10.99%
Quick Ratio	83.68
Interest Coverage	17.25
Return 1Y	29.05%
Return 3Y	88.59%
Return 5Y	—

Enact Holdings, Inc. (ACT) financials — frequently asked questions

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

Enact Holdings, Inc. (ACT) reported annual revenue of $1.2B in its most recent fiscal year.

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

Enact Holdings, Inc. (ACT) reported net profit of $674.0M in its most recent fiscal year.

What is ACT EV/EBITDA?

Enact Holdings, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 7.48.

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