SequelSEC

Enact Holdings, Inc. ACT

Insurance Agents, Brokers & Service · CIK 0001823529 · Fiscal year ends 1231 · Insurer

AnnualQuarterlyTTM
Revenue
$1.24B
Fiscal year ended 2025-12-31
Net income
$674.24M
Fiscal year ended 2025-12-31
Total assets
$6.89B
Fiscal year ended 2025-12-31

Valuation, from the filing

Public float$1.00BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$7.07Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income1.5×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue0.8×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity0.2×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

1.5× earnings today, against a median of 1.2× across 4 years on record. Above its own history.

Float measuredPublic floatFloat / net income
2025-06-30$1.00B1.5×
2024-06-30$879.00M1.3×
2023-06-30$739.00M1.1×
2021-12-31$619.00M1.1×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Insurance Agents, Brokers & Service filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Net margin54.6%100th
Long-term debt / equity0.14x7th
Revenue YoY growth2.8%17th
SBC / revenue1.5%35th
Effective tax rate21.5%56th

Enact Holdings, Inc. (ACT) reported revenue of $1.24B and net income of $674.24M for the fiscal year ended 2025-12-31. This page shows 7 annual periods of income statement, balance sheet and cash flow figures normalized from Enact Holdings, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Insurance Agents, Brokers & Service.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

Enact Holdings, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Revenue$1.24B$1.20B$1.15B$1.10B$1.12B$1.11B$978.85M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$674.24M$688.07M$665.51MUnavailable$546.68M$370.42M$677.63M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 149.32Mshares 157.55Mshares 161.85Mshares 163.29Mshares 162.88Mshares 162.84Mshares 162.84M
Pretax income$858.84M$878.06M$851.51M$898.22M$695.22M$472.42M$718.17M
Income tax expense$184.59M$189.99M$186.00M$194.06M$148.53M$102.00M$155.83M
Diluted EPS$4.52$4.37$4.11$4.31$3.36$2.27$4.16
Selling, general & administrative$208.33M$213.31M$212.49M$226.94M$231.45M$215.02MUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Enact Holdings, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Cash & equivalents$582.49M$599.43M$615.68M$513.78M$425.83M$452.79MUnavailable
Total assets$6.89B$6.52B$6.19B$5.71B$5.87B$5.65BUnavailable
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$1.54B$1.53B$1.56B$1.61B$1.76B$1.77BUnavailable
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$5.36B$5.00B$4.63B$4.10B$4.11B$3.88B$3.83B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
GoodwillUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$744.48M$743.05M$745.42M$742.83M$740.42M$738.16MUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

Enact Holdings, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Operating cash flow$724.52M$686.26M$632.04M$560.51M$572.11M$704.35M$500.02M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$226.38M-$320.51M-$229.40M-$220.26M-$398.78M-$1.14B$175.99M
Financing cash flow-$515.08M-$382.00M-$300.73M-$252.31M-$200.29M$300.30M-$250.00M
Net change in cash-$16.94M-$16.25M$101.91M$87.95M-$26.97M-$132.26M$426.01M
Stock-based compensation$19.02M$18.77M$15.28M$9.88M$1.50M$0$0
Common dividends paid$120.83M$111.72M$212.96M$250.78M$200.29M$437.35M$250.00M
Common share repurchases$382.40M$243.97M$87.76M$1.53M$0$0Unavailable
Depreciation & amortizationUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Derived

Enact Holdings, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue1.5%1.6%1.3%0.9%0.1%0.0%0.0%
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth2.8%4.2%5.4%-2.0%1.0%13.0%Unavailable
Net margin54.6%57.3%57.7%UnavailableUnavailableUnavailable69.2%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equity0.14xUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate21.5%21.6%21.8%21.6%21.4%21.6%21.7%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open ACT in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-01View SEC filing
10-Q · Filed 2025-05-02View SEC filing

Companies in the same industry

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.