Enact Holdings, Inc. (ACT) financial statements: income statement, balance sheet and cash flow
Enact Holdings, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Enact Holdings, Inc. reported revenue of $1.2B (+2.8% year on year) and net income of $674.2M (-2.0% year on year).
Income statement
Enact Holdings, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Premiums
$980.5M
$980.1M
$957.1M
$939.5M
Net investment income
$266.2M
$240.6M
$207.4M
$155.3M
Net investment gains (losses)
($16.3M)
($22.8M)
($14.0M)
($2.0M)
Other income
$5.4M
$3.9M
$3.3M
$2.3M
Total revenues
$1.2B
$1.2B
$1.2B
$1.1B
Losses incurred
$109.5M
$38.7M
$27.2M
($94.2M)
Acquisition and operating expenses, net of deferrals
$208.3M
$213.3M
$212.5M
$226.9M
Amortization of deferred acquisition costs and intangibles
$9.2M
$9.7M
$10.7M
$12.4M
Interest expense
$49.9M
$51.2M
$51.9M
$51.7M
Total losses and expenses
$377.0M
$323.7M
$302.2M
$196.8M
Income before income taxes
$858.8M
$878.1M
$851.5M
$898.2M
Provision for income taxes
$184.6M
$190.0M
$186.0M
$194.1M
Net income
$674.2M
$688.1M
$665.5M
$704.2M
Basic (in usd per share)
$4.54
$4.40
$4.14
$4.32
Diluted (in usd per share)
$4.52
$4.37
$4.11
$4.31
Basic (in shares)
148.4M
156.3M
160.9M
162.8M
Diluted (in shares)
149.3M
157.6M
161.8M
163.3M
Gain (loss) on extinguishment of debt
$0
$10.9M
—
—
Enact Holdings, Inc. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Premiums
$244.7M
$242.8M
$244.7M
$245.3M
Net investment income
$73.2M
$70.9M
$68.6M
$65.9M
Net investment gains (losses)
($2.2M)
($5.8M)
($2.8M)
($7.3M)
Other income
$1.7M
$4.1M
$990.0K
$1.1M
Total revenues
$317.3M
$312.1M
$311.5M
$304.9M
Losses incurred
$33.3M
$37.2M
$35.9M
$25.3M
Acquisition and operating expenses, net of deferrals
$49.5M
$47.0M
$50.5M
$50.6M
Amortization of deferred acquisition costs and intangibles
$2.1M
$2.1M
$2.3M
$2.2M
Interest expense
$12.5M
$12.4M
$12.9M
$12.3M
Total losses and expenses
$97.3M
$98.7M
$101.6M
$90.4M
Income before income taxes
$220.0M
$213.4M
$209.8M
$214.5M
Provision for income taxes
$45.1M
$45.6M
$46.3M
$46.7M
Net income
$174.8M
$167.8M
$163.5M
$167.8M
Basic (in usd per share)
$1.25
$1.18
$1.11
$1.12
Diluted (in usd per share)
$1.25
$1.18
$1.10
$1.11
Basic (in shares)
139.5M
141.6M
147.4M
149.9M
Diluted (in shares)
140.3M
142.6M
148.3M
150.7M
Balance sheet
Enact Holdings, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Fixed maturity securities available-for-sale, fair value
$6.1B
$5.6B
$5.3B
$4.9B
Short-term investments
$0
$3.4M
$20.2M
$3.0M
Total investments
$6.1B
$5.6B
$5.3B
$4.9B
Cash and cash equivalents
$582.5M
$599.4M
$615.7M
$513.8M
Accrued investment income
$56.1M
$49.6M
$41.6M
$35.8M
Deferred acquisition costs
$22.2M
$23.8M
$25.0M
$26.1M
Premiums receivable
$46.1M
$53.0M
$45.1M
$41.7M
Other assets
$116.0M
$102.5M
$88.3M
$76.4M
Deferred tax asset
$20.0M
$65.0M
$88.5M
$127.5M
Total assets
$6.9B
$6.5B
$6.2B
$5.7B
Liability for Claims and Claims Adjustment Expense
$572.5M
$524.7M
$518.2M
$519.0M
Unearned premiums
$91.6M
$114.7M
$149.3M
$202.7M
Other liabilities
$129.7M
$143.0M
$145.2M
$143.7M
Long-term borrowings
$744.5M
$743.0M
$745.4M
$742.8M
Total liabilities
$1.5B
$1.5B
$1.6B
$1.6B
Common stock, $0.01 par value; 600,000 shares authorized; 142,209 and 152,318 shares issued and outstanding as of December 31, 2025 and 2024, respectively
1.4M
1.5M
1.6M
1.6M
Additional paid-in capital
$1.7B
$2.1B
$2.3B
$2.4B
Accumulated other comprehensive income
($30.1M)
($207.5M)
($230.4M)
($382.7M)
Retained earnings
$3.7B
$3.1B
$2.6B
$2.1B
Total equity
$5.4B
$5.0B
$4.6B
$4.1B
Total liabilities and equity
$6.9B
$6.5B
$6.2B
$5.7B
Enact Holdings, Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Fixed maturity securities available-for-sale, at fair value (amortized cost of $6,258,735 and $6,081,997 as of June 30, 2026, and December 31, 2025, respectively)
$6.2B
$6.1B
$6.1B
$5.9B
Short-term investments, at fair value
$49.1M
—
$2.0M
$3.0M
Total investments
$6.2B
—
$6.1B
$5.9B
Cash and cash equivalents
$448.4M
$549.0M
$543.6M
$613.0M
Accrued investment income
$62.4M
$56.3M
$53.9M
$53.3M
Deferred acquisition costs
$22.2M
$22.2M
$22.5M
$22.9M
Premiums receivable
$66.7M
$47.4M
$48.6M
$44.1M
Other assets
$112.4M
$122.7M
$114.1M
$107.9M
Deferred tax asset
$33.0M
$30.6M
$23.2M
$32.5M
Total assets
$7.0B
$7.0B
$6.9B
$6.8B
Loss reserves
$598.7M
$590.4M
$572.1M
$551.9M
Unearned premiums
$80.9M
$85.3M
$96.0M
$101.2M
Other liabilities
$135.8M
$198.0M
$147.0M
$153.4M
Long-term borrowings
$745.2M
$744.9M
$744.1M
$743.8M
Total liabilities
$1.6B
$1.6B
$1.6B
$1.6B
Common stock ($0.01 par value; 600,000 shares authorized; 138,132 shares issued and outstanding as of June 30, 2026, and 142,209 shares issued and outstanding as of December 31, 2025)
1.4M
1.4M
1.5M
1.5M
Additional paid-in capital
$1.5B
$1.6B
$1.8B
$1.9B
Accumulated other comprehensive income
($83.3M)
($82.7M)
($41.8M)
($104.3M)
Retained earnings
$4.0B
$3.8B
$3.5B
$3.4B
Total equity
$5.4B
$5.3B
$5.3B
$5.2B
Total liabilities and equity
$7.0B
$7.0B
$6.9B
$6.8B
Cash flow statement
Enact Holdings, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$674.2M
$688.1M
$665.5M
$704.2M
Net (gains) losses on investments
$16.3M
$22.8M
$14.0M
$2.0M
Amortization of fixed maturity securities discounts and premiums
($14.0M)
($11.6M)
($6.5M)
($3.2M)
Amortization of deferred acquisition costs and intangibles
$9.2M
$9.7M
$10.7M
$12.4M
Acquisition costs deferred
($5.2M)
($5.8M)
($6.1M)
($6.7M)
Deferred income taxes
$7.8M
$4.5M
($1.8M)
($2.3M)
Stock-based compensation expense
$19.0M
$18.8M
$15.3M
$9.9M
Amortization of debt issuance costs
$1.4M
$2.0M
$2.6M
$2.4M
Gain (loss) on extinguishment of debt
$0
$10.9M
—
—
Accrued investment income
($6.5M)
($8.0M)
($5.7M)
($4.8M)
Premiums receivable
$6.9M
($8.0M)
($3.3M)
$528.0K
Other assets
($16.7M)
$1.5M
$1.2M
($2.3M)
Loss reserves
$47.8M
$6.5M
($817.0K)
($122.3M)
Unearned premiums
($23.0M)
($34.6M)
($53.4M)
($43.6M)
Other liabilities
$7.4M
($10.4M)
$494.0K
$14.2M
Net cash provided by operating activities
$724.5M
$686.3M
$632.0M
$560.5M
Purchases of fixed maturity securities available-for-sale
($1.9B)
($1.6B)
($1.0B)
($1.2B)
Payments to acquire limited partnership and equity interests
($1.1M)
—
—
—
Proceeds from sales of fixed maturity securities available-for-sale
$763.6M
$554.0M
$423.4M
$534.7M
Maturities of fixed maturity securities available-for-sale
$911.6M
$735.4M
$396.2M
$470.8M
Change in short-term investments
$3.4M
$16.8M
($16.7M)
($3.1M)
Other
($8.3M)
$0
$0
($21.0K)
Net cash used in investing activities
($226.4M)
($320.5M)
($229.4M)
($220.3M)
Proceeds from the issuance of long-term debt
$0
$749.6M
—
$0
Payments of Debt Issuance Costs
$0
($7.4M)
—
—
Early Repayment of Senior Debt
$0
($757.5M)
—
—
Repurchase of common stock
($382.4M)
($244.0M)
($87.8M)
($1.5M)
Dividends paid
($120.8M)
($111.7M)
($213.0M)
($250.8M)
Proceeds from (Payment for) Other Financing Activity
($11.8M)
($11.1M)
—
—
Net cash used in financing activities
($515.1M)
($382.0M)
($300.7M)
($252.3M)
Net increase (decrease) in cash and cash equivalents
($16.9M)
($16.3M)
$101.9M
$87.9M
Cash and cash equivalents at beginning of year
$599.4M
$615.7M
$513.8M
$425.8M
Cash and cash equivalents at end of year
$582.5M
$599.4M
$615.7M
$513.8M
Income taxes paid
$190.9M
$188.5M
$182.0M
$186.2M
Interest paid
$47.4M
$62.9M
$49.2M
$49.1M
Enact Holdings, Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$342.6M
$167.8M
$497.1M
$333.6M
Net investment (gains) losses
$8.1M
$5.8M
$13.4M
$10.6M
Amortization of fixed maturity securities discounts and premiums
($7.1M)
($3.6M)
($10.8M)
($6.5M)
Amortization of deferred acquisition costs and intangibles
$4.2M
$2.1M
$7.0M
$4.6M
Acquisition costs deferred
($3.1M)
($1.5M)
($3.9M)
($2.6M)
Deferred income taxes
$971.0K
$3.3M
$7.9M
$3.2M
Stock-based compensation expense
$9.8M
$5.2M
$12.6M
$8.1M
Amortization of debt issuance costs
$751.0K
$372.0K
$1.1M
$703.0K
Accrued investment income
($6.3M)
($271.0K)
($4.3M)
($3.7M)
Premiums receivable
($20.5M)
($1.3M)
$4.4M
$8.9M
Other assets
$2.1M
$2.1M
($19.5M)
($3.3M)
Loss reserves
$26.2M
$17.9M
$47.3M
$27.2M
Unearned premiums
($10.7M)
($6.4M)
($18.6M)
($13.5M)
Other liabilities
($4.4M)
$32.5M
$4.6M
($21.2M)
Net cash provided by operating activities
$342.6M
$224.0M
$538.3M
$346.2M
Purchases of fixed maturity securities available-for-sale
($791.6M)
($419.5M)
($1.5B)
($1.1B)
Purchases of limited partnerships and equity interests
($450.0K)
($350.0K)
($500.0K)
($500.0K)
Proceeds from sales of fixed maturity securities available-for-sale
$273.8M
$131.7M
$644.8M
$524.7M
Proceeds from maturities of fixed maturity securities available-for-sale
$354.7M
$165.8M
$652.8M
$478.3M
Net change in short-term investments
($49.1M)
$0
$1.4M
$372.0K
Other
($5.0M)
($3.2M)
($5.3M)
($2.6M)
Net cash used in investing activities
($217.7M)
($125.5M)
($236.4M)
($115.2M)
Repurchase of common stock
($186.5M)
($93.2M)
($255.4M)
($149.9M)
Dividends paid
($63.2M)
($29.8M)
($90.5M)
($59.6M)
Other
($9.1M)
($9.1M)
($11.7M)
($8.1M)
Net cash used in financing activities
($258.9M)
($132.0M)
($357.7M)
($217.5M)
Net increase (decrease) in cash and cash equivalents