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Enact Holdings, Inc.

Enact Holdings, Inc.

NASDAQ•ACT
CEO: Mr. Rohit Gupta
Sector: Financial Services
Industry: Insurance - Specialty
Listing Date: 2021-09-16
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.
Contact Information
8325 Six Forks Road, Raleigh, NC, 27615, United States
919-846-4100
enactmi.com
Market Cap
$5.83B
P/E (TTM)
8.9
22
Dividend Yield
2.0%
52W High
$40.89
52W Low
$30.79
52W Range
95%
Rank25Top 8.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2024

Financial Dashboard

Q3 2025 Data

Revenue

$311.46M+0.60%
4-Quarter Trend

EPS

$1.11-4.31%
4-Quarter Trend

FCF

$192.01M+2.06%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong New Insurance Written Q3 NIW reached $14.048B, showing 3% growth compared to prior period, driven by strong primary volume.
Investment Income Rises Nine-month net investment income increased 11% to $197.532M, benefiting from higher yields on invested assets.
Total Assets Growth Total assets grew to $6.876B by September 30, 2025, supported by strong capital retention and investment portfolio.
Credit Ratings Upgraded EMICO received rating upgrades from Fitch (A-) and Moody's (A3) in 2025, reflecting strong financial strength.

Risk Factors

Severe Loss Incurrence Three-month losses incurred spiked 195% to $35.885M, significantly impacting quarterly profitability metrics.
Deteriorating Loss Ratio Three-month loss ratio worsened sharply to 15% in Q3 2025, up from 5% in Q3 2024 due to incurred losses.
Net Income Declines Nine-month net income decreased 5% to $497.083M, primarily due to higher losses incurred during the period.
Macroeconomic Volatility Risks Ongoing US economic uncertainty, inflation, and tariffs pose material risks to housing markets and business operations.

Outlook

New Revolving Credit Facility Secured new $435M unsecured revolving credit facility maturing September 2030 for working capital and corporate needs.
Future Capital Allocation Future capital return prioritizes supporting policyholders, growing mortgage insurance business, and shareholder returns.
Expanded Reinsurance Coverage Entered new excess-of-loss reinsurance covering expected new insurance written through December 31, 2027.
Accounting Standard Evaluation Currently evaluating impact of recently issued ASUs regarding income tax disclosures and expense disaggregation.

Peer Comparison

Revenue (TTM)

First American Financial CorporationFAF
$7.08B
+20.6%
Tiptree Inc.TIPT
$2.05B
+3.9%
Radian Group Inc.RDN
$1.26B
-2.9%

Gross Margin (Latest Quarter)

First American Financial CorporationFAF
313.3%
+233.2pp
Tiptree Inc.TIPT
88.5%
-0.9pp
Enact Holdings, Inc.ACT
74.4%
-12.4pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
MTG$6.63B9.014.6%0.0%
FAF$6.42B13.59.5%0.0%
ESNT$6.41B9.412.4%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.1%
Moderate Growth
4Q Net Income CAGR
0.2%
Profitability Slowly Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 3, 2026
|
EPS:$1.09
|
Revenue:$316.83M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $311.46M+0.6%
    |
    EPS: $1.11-4.3%
    Meet

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $304.62M+1.9%
    |
    EPS: $1.12-4.3%
    Meet

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $306.89M+5.2%
    |
    EPS: $1.09+7.9%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $1.20B+4.4%
    |
    EPS: $4.40+6.3%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $309.59M+3.5%
    |
    EPS: $1.16+12.6%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $298.83M+7.7%
    |
    EPS: $1.17+12.5%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $291.59M+3.8%
    |
    EPS: $1.01-6.5%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $1.15B+5.4%
    |
    EPS: $4.14-4.2%
    Beat