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Enact Holdings Inc

Financial Services US ACT

32.05USD
-0.44(1.35%)

Last update at 2025-01-06T18:53:00Z

Day Range

31.9832.41
LowHigh

52 Week Range

23.0731.85
LowHigh

Fundamentals

  • Previous Close 32.49
  • Market Cap4836.73M
  • Volume56677
  • P/E Ratio7.65
  • Dividend Yield2.39%
  • Revenue TTM1164.32M
  • Revenue Per Share TTM7.28
  • Gross Profit TTM 953.38M
  • Diluted EPS TTM4.02

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 898.22M 695.22M 472.42M 718.17M -
Minority interest - - - - -
Net income 704.16M 546.68M 370.42M 677.63M -
Selling general administrative - - - - -
Selling and marketing expenses - - - - -
Gross profit 1095.05M 1120.18M 1106.46M 978.85M -
Reconciled depreciation - - - - -
Ebit 949.92M 746.23M 490.66M 718.17M 613.67M
Ebitda 949.92M 691.38M 466.84M 829.23M -
Depreciation and amortization -0.74900M -8.49000M - - -
Non operating income net other - - - - -
Operating income 949.92M 691.38M 466.84M 829.23M -
Other operating expenses 196.82M 424.97M 634.04M 260.68M -
Interest expense 51.70M 51.01M 18.24M 0.00000M 0.00000M
Tax provision 194.06M 148.53M 102.00M 155.83M -
Interest income - - - - -
Net interest income -51.69900M -51.00900M -18.24400M 0.00000M -
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 194.06M 148.53M 102.00M 155.83M 129.81M
Total revenue 1095.05M 1120.18M 1106.46M 978.85M -
Total operating expenses 226.94M -428.81000M -639.61600M -149.62500M -
Cost of revenue - - - - -
Total other income expense net -51.69900M 3.84M 5.58M -111.05800M -
Discontinued operations - - - - -
Net income from continuing ops 704.16M 546.68M 370.42M 677.63M -
Net income applicable to common shares 704.16M 546.68M 370.42M 677.63M 453.60M
Preferred stock and other adjustments - - - - -
Breakdown 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Type yearly yearly yearly yearly yearly
Date 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
Total assets 6217.59M 5709.15M 5865.77M 5652.71M 4502.92M
Intangible assets 25.01M 12.40M 14.70M - -
Earning assets - - - - -
Other current assets 1109.58M -3.04700M 31.06M 29.21M 24.16M
Total liab 1585.24M 1608.24M 742.00M 774.97M 675.85M
Total stockholder equity 4632.35M 4100.91M 4105.52M 3881.81M 3827.07M
Deferred long term liab - - 1.59M - -
Other current liab 533.09M 186.15M 246.32M 306.94M 383.46M
Common stock 1.59M 1.63M 1.63M 1.63M 1.63M
Capital stock 1.59M 1.63M 1.63M 1.63M 1.63M
Retained earnings 2550.26M 2099.96M 1648.45M 1303.11M 1370.04M
Other liab - 118.65M 773.51M 705.36M 292.39M
Good will -473.83100M - - - -
Other assets - -4621.97800M -5134.99900M -4939.74000M -3652.15900M
Cash 615.68M 513.77M 425.83M 452.79M 585.06M
Cash and equivalents - - - - -
Total current liabilities 536.89M 183.85M 145.95M 310.46M 383.46M
Current deferred revenue - -2.29800M - - -
Net debt 143.27M 229.06M 314.59M 285.37M -585.05800M
Short term debt 3.80M - - - -
Short long term debt - - - - -
Short long term debt total 758.95M 742.83M 740.42M 738.16M -
Other stockholder equity 2310.89M 2382.07M 2371.86M 2368.70M 2361.98M
Property plant equipment - 13.60M 15.50M 18.10M -
Total current assets 1109.58M 5443.32M 5734.43M 5545.85M 4390.65M
Long term investments 5286.36M 4887.81M 5266.34M 5046.60M 3764.43M
Net tangible assets - 4100.91M 4105.52M 3881.81M 3827.07M
Short term investments 407.27M 4887.81M 5266.34M 5046.60M 3764.43M
Net receivables 45.07M 41.74M 42.27M 46.46M 41.16M
Long term debt 745.42M 742.83M 740.42M 738.16M -
Inventory -5947.11300M - - - -
Accounts payable - 519.01M 641.33M - -
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -230.40000M -382.74400M 83.58M 208.38M 93.43M
Additional paid in capital - - - - -
Common stock total equity - - 1.63M - -
Preferred stock total equity - - - - -
Retained earnings total equity - - 1648.45M - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 143.57M -10.10700M -5266.33900M -5046.59600M -3764.43200M
Deferred long term asset charges - - - - -
Non current assets total 5108.01M 4887.81M 5266.34M 5046.60M 3764.43M
Capital lease obligations - - - - -
Long term debt total - - 740.42M - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -220.25500M -398.78200M -1136.91200M 175.99M -498.17500M
Change to liabilities -43.60200M -60.62600M -76.51300M -38.33000M 17.15M
Total cashflows from investing activities -220.25500M -398.78200M -1136.91200M 175.99M -498.17500M
Net borrowings - - 737.65M 737.65M 737.65M
Total cash from financing activities -252.30800M -200.29400M 300.30M -250.00000M -50.00000M
Change to operating activities -115.15100M 77.56M 391.70M -116.71800M -163.67400M
Net income 704.16M 546.68M 370.42M 677.63M 453.60M
Change in cash 87.95M -26.96600M -132.26400M 426.01M -37.05900M
Begin period cash flow 425.83M 452.79M 585.06M 159.05M -
End period cash flow 513.77M 425.83M 452.79M 585.06M 159.05M
Total cash from operating activities 560.51M 572.12M 704.35M 500.02M 511.12M
Issuance of capital stock - - - - -
Depreciation -0.74900M 3.33M - - -
Other cashflows from investing activities - - - - -
Dividends paid 250.78M 200.29M 437.35M 250.00M 50.00M
Change to inventory - - - - -
Change to account receivables 0.53M 4.20M -5.30300M -1.15500M -5.75200M
Sale purchase of stock -1.53200M - - - -
Other cashflows from financing activities -220.25500M -398.78200M 737.65M 175.99M -
Change to netincome -0.24100M -12.65300M 3.10M -36.47000M 195.75M
Capital expenditures 6.62M 685.65M 0.00000M 0.00000M 0.00000M
Change receivables - 2.35M - - -
Cash flows other operating - 85.77M - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - -26.95900M - - -
Change in working capital -158.22500M 21.13M 309.89M -156.20300M -
Stock based compensation 9.88M 1.50M - 0.00000M -
Other non cash items 7.74M 0.91M 12.91M -78.13600M -
Free cash flow 567.12M -113.53400M 704.35M 500.02M -

Peer Comparison

Sector: Financial Services Industry: Insurance - Specialty

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x)
ACT
Enact Holdings Inc
-0.44 1.35% 32.05 7.65 7.88 4.05 1.01 4.16
FNF
Fidelity National Financial Inc
-0.0313 0.06% 56.79 30.23 12.82 1.21 2.14 1.35
RYAN
Ryan Specialty Group Holdings Inc
-1.45 2.31% 61.31 92.15 24.81 5.63 9.12 3.21
AXS
AXIS Capital Holdings Ltd
-0.36 0.41% 88.37 12.53 7.78 1.27 1.40 1.51
FAF
First American Corporation
-0.06 0.10% 61.38 28.12 9.38 1.06 1.47 1.15

Reports Covered

Stock Research & News

Profile

Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. It engages in writing and assuming residential mortgage guaranty insurance. The company also offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; contract underwriting services for mortgage lenders; and mortgage-related reinsurance products. It primarily serves originators of residential mortgage loans. 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. operates as a subsidiary of Genworth Holdings Inc.

Enact Holdings Inc

8325 Six Forks Road, Raleigh, NC, United States, 27615

Key Executives

Name Title Year Born
Mr. Rohit Gupta Pres, CEO & Director 1975
Mr. Hardin Dean Mitchell Exec. VP, CFO & Treasurer 1971
Mr. Brian Michael Gould EVP & COO 1972
Mr. Evan Scott Stolove Exec. VP, Gen. Counsel & Sec. 1970
Mr. Michael Paul Derstine Exec. VP & Chief Risk Officer 1970
Mr. Daniel Kohl VP of Investor Relations NA
Ms. Neenu Scott Kainth Chief Customer Experience Officer NA
Mr. James Robert McMullen VP & Controller NA
Mr. Rohit Gupta President, CEO & Director 1975
Mr. Hardin Dean Mitchell Executive VP, CFO & Treasurer 1971

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