Financial Snapshot

Revenue
$1.186B
TTM
Gross Margin
97.66%
TTM
Net Earnings
$666.2M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q2 2024
Total Liabilities
Q2 2024
Book Value
$4.826B
Q2 2024
Cash
Q2 2024
P/E
8.437
Sep 13, 2024 EST
Free Cash Flow

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.154B $1.095B $1.118B $1.106B $978.9M $841.1M
YoY Change 5.36% -2.04% 1.03% 13.04% 16.38%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018
Revenue $1.154B $1.095B $1.118B $1.106B $978.9M $841.1M
Cost Of Revenue $27.17M -$94.22M $125.5M $379.8M $49.85M
Gross Profit $1.127B $1.189B $992.4M $726.6M $929.0M
Gross Profit Margin 97.65% 108.6% 88.78% 65.67% 94.91%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018
Selling, General & Admin $212.5M $226.9M $231.5M $215.0M
YoY Change -6.37% -1.95% 7.64%
% of Gross Profit 18.86% 19.08% 23.32% 29.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $7.200M $7.800M $14.70M $14.20M $8.400M
YoY Change -7.69% -46.94% 3.52% 69.05%
% of Gross Profit 0.64% 0.66% 1.48% 1.95% 0.9%
Operating Expenses $250.3M $226.9M $371.6M $615.8M $260.7M $227.4M
YoY Change 10.3% -38.93% -39.65% 136.22% 14.62%
Operating Profit $876.2M $962.3M $620.8M $110.8M $668.3M
YoY Change -8.95% 55.03% 460.1% -83.42%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018
Interest Expense -$51.87M $51.70M $51.01M $18.24M $0.00
YoY Change -200.32% 1.35% 179.59%
% of Operating Profit -5.92% 5.37% 8.22% 16.46% 0.0%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018
Pretax Income $851.5M $898.2M $695.1M $472.4M $718.2M $613.7M
YoY Change -5.2% 29.22% 47.14% -34.22% 17.03%
Income Tax $186.0M $194.1M $148.5M $102.0M $155.8M $129.8M
% Of Pretax Income 21.84% 21.61% 21.37% 21.59% 21.7% 21.15%
Net Earnings $665.5M $704.2M $546.7M $370.4M $677.6M $453.6M
YoY Change -5.49% 28.8% 47.58% -45.34% 49.39%
Net Earnings / Revenue 57.69% 64.3% 48.9% 33.48% 69.23% 53.93%
Basic Earnings Per Share $4.14 $4.32 $3.36 $2.27 $4.16
Diluted Earnings Per Share $4.11 $4.31 $3.36 $2.27 $4.16 $2.786M

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $615.7M $513.8M $425.8M $452.8M $585.1M $159.1M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $11.30M $13.60M $15.50M $22.60M
YoY Change -16.91% -12.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.286B $4.888B $5.266B $5.047B $3.764B $3.699B
YoY Change 8.15% -7.19% 4.35% 34.06% 1.76%
Other Assets $88.49M $127.5M $2.971M $92.11M
YoY Change -30.58% -96.77%
Total Long-Term Assets
YoY Change
Total Assets $6.190B $5.709B $5.866B $5.653B $4.503B $4.071B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $13.50M $15.90M $17.70M $23.40M
YoY Change -15.09% -10.17%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $13.50M $15.90M $17.70M $23.40M
YoY Change -15.09% -10.17%
Long-Term Debt $745.4M $742.8M $740.4M $738.2M $0.00 $0.00
YoY Change 0.35% 0.33% 0.31%
Other Long-Term Liabilities $145.2M $127.8M $112.9M $133.3M $33.93M $77.39M
YoY Change 13.62% 13.18% -15.3% 292.89% -56.16%
Total Long-Term Liabilities $890.6M $870.6M $853.3M $871.5M $33.93M $77.39M
YoY Change 2.3% 2.03% -2.08% 2468.49% -56.16%
Total Liabilities $1.558B $1.608B $1.760B $1.771B $675.8M $797.1M
YoY Change -3.12% -8.64% -0.6% 162.03% -15.21%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding 160.9M shares 162.8M shares 162.8M shares 162.8M shares 162.8M shares
Diluted Shares Outstanding 161.8M shares 163.3M shares 162.9M shares 162.8M shares 162.8M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Dividends

Dividends

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Stock Price

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Market Cap: $5.6207 Billion

About Enact Holdings Inc

Enact Holdings, Inc. operates as a holding company which provides mortgage insurance services. The company is headquartered in Raleigh, North Carolina and currently employs 465 full-time employees. The company went IPO on 2021-05-13. The firm operates principally through its wholly owned subsidiary, Enact Mortgage Insurance Corporation. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance. The insurance protects lenders and investors against certain losses resulting from nonpayment of loans secured by mortgages, deeds of trust or other instruments constituting a first lien on residential real estate. The company facilitates the sale of mortgages to the secondary market, including to private investors, as well as the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The company has a diverse customer base and maintains enduring relationships across the mortgage origination market, including with national banks, non-bank mortgage lenders, local mortgage bankers, community banks and credit unions.

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