$ACT
Enact Holdings, Inc.

2024 Q3 Form 10-Q Financial Statement

#000182352924000160 Filed on August 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $309.6M $298.8M
YoY Change 3.53% 7.68%
Cost Of Revenue $12.16M -$16.82M
YoY Change -31.84% 313.29%
Gross Profit $297.4M $315.7M
YoY Change 5.77% 12.1%
Gross Profit Margin 96.07% 105.63%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $67.84M $39.43M
YoY Change -7.07% -21.86%
Operating Profit $229.6M $276.2M
YoY Change 10.28% 19.51%
Interest Expense $12.29M $13.64M
YoY Change -5.03% -205.66%
% of Operating Profit 5.35% 4.94%
Other Income/Expense, Net
YoY Change
Pretax Income $229.5M $234.8M
YoY Change 7.67% 9.66%
Income Tax $48.79M $51.16M
% Of Pretax Income 21.26% 21.78%
Net Earnings $180.7M $183.7M
YoY Change 10.03% 9.32%
Net Earnings / Revenue 58.36% 61.46%
Basic Earnings Per Share $1.16 $1.17
Diluted Earnings Per Share $1.15 $1.16
COMMON SHARES
Basic Shares Outstanding 155.7M shares 157.3M shares
Diluted Shares Outstanding 157.0M shares 158.6M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $673.4M $699.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $5.654B $5.344B
YoY Change 12.88% 8.48%
Other Assets $50.06M $89.12M
YoY Change -58.18% 10.89%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $6.597B $6.349B
YoY Change 9.94% 7.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $742.7M $742.4M
YoY Change -0.28% -0.23%
Other Long-Term Liabilities $186.3M $143.2M
YoY Change 36.89% 2.92%
Total Long-Term Liabilities $929.0M $885.5M
YoY Change 5.46% 0.26%
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities $929.0M $885.5M
Total Liabilities $1.561B $1.524B
YoY Change 1.12% -1.58%
SHAREHOLDERS EQUITY
Retained Earnings $2.991B $2.840B
YoY Change 18.07% 18.57%
Common Stock $1.544M $1.561M
YoY Change -3.5% -2.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.036B $4.826B
YoY Change
Total Liabilities & Shareholders Equity $6.597B $6.349B
YoY Change 9.94% 7.18%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $180.7M $183.7M
YoY Change 10.03% 9.32%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $188.1M $144.7M
YoY Change 21.53% -13.79%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$102.3M $32.20M
YoY Change -24.91% -203.49%
Cash From Investing Activities -$102.3M $32.20M
YoY Change -24.91% -203.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -111.5M -92.20M
YoY Change 249.41% 37.74%
NET CHANGE
Cash From Operating Activities 188.1M 144.7M
Cash From Investing Activities -102.3M 32.20M
Cash From Financing Activities -111.5M -92.20M
Net Change In Cash -25.67M 84.70M
YoY Change 91.58% 21.36%
FREE CASH FLOW
Cash From Operating Activities $188.1M $144.7M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

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2514000 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Value
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue
305977000 usd
us-gaap Fair Value Assets Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
5000 usd
us-gaap Fair Value Asset Recurring Basis Still Held Unrealized Gain Loss Oci
FairValueAssetRecurringBasisStillHeldUnrealizedGainLossOci
-999000 usd
CY2024Q2 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
508138000 usd
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
LiabilityForClaimsAndClaimsAdjustmentExpense
518191000 usd
us-gaap Schedule Of Liability For Unpaid Claims And Claims Adjustment Expense
ScheduleOfLiabilityForUnpaidClaimsAndClaimsAdjustmentExpense
<div style="margin-bottom:9pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Activity for the liability for domestic mortgage insurance loss reserves for the six months ended June 30, is summarized as follows: </span></div><div style="margin-top:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:70.374%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.842%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.441%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.843%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">(Amounts in thousands)</span></div></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2024</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:8pt;font-weight:700;line-height:100%">2023</span></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Gross loss reserves, beginning balance</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">517,515 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">$</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">518,330 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reinsurance recoverable, beginning balance</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(1,294)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">— </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss reserves, beginning balance</span></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">516,221 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">518,330 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Losses and LAE incurred related to current accident year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">135,053 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">120,175 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Losses and LAE incurred related to prior accident years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(133,232)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(135,366)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total incurred</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,821 </span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(15,191)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Losses and LAE paid related to current accident year</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,263 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(359)</span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Losses and LAE paid related to prior accident years</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,943)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(13,689)</span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Total paid</span></div></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(12,680)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(14,048)</span></td><td style="background-color:#cceeff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Net loss reserves, ending balance</span></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">505,362 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td colspan="2" style="background-color:#cceeff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">489,091 </span></td><td style="background-color:#cceeff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Reinsurance recoverable, ending balance</span></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">1,348 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%">213 </span></td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cceeff;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:700;line-height:100%">Gross loss reserves, ending balance</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:700;line-height:100%">506,710</span><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cceeff;padding:0 1pt"></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:700;line-height:100%">$</span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:700;line-height:100%">489,304</span><span style="color:#000000;font-family:'Helvetica',sans-serif;font-size:10pt;font-weight:400;line-height:100%"> </span></td><td style="background-color:#cceeff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>
CY2024Q2 us-gaap Direct Premiums Written
DirectPremiumsWritten
259265000 usd
CY2023Q2 us-gaap Direct Premiums Written
DirectPremiumsWritten
245160000 usd
us-gaap Direct Premiums Written
DirectPremiumsWritten
514425000 usd
us-gaap Direct Premiums Written
DirectPremiumsWritten
486099000 usd
CY2024Q2 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
3460000 usd
CY2023Q2 us-gaap Assumed Premiums Written
AssumedPremiumsWritten
256000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
5031000 usd
us-gaap Assumed Premiums Written
AssumedPremiumsWritten
315000 usd
CY2024Q2 us-gaap Ceded Premiums Written
CededPremiumsWritten
27175000 usd
CY2023Q2 us-gaap Ceded Premiums Written
CededPremiumsWritten
21015000 usd
us-gaap Ceded Premiums Written
CededPremiumsWritten
53603000 usd
us-gaap Ceded Premiums Written
CededPremiumsWritten
40942000 usd
CY2023Q2 us-gaap Premiums Written Net
PremiumsWrittenNet
224401000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
465853000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
445472000 usd
CY2024Q2 us-gaap Direct Premiums Earned
DirectPremiumsEarned
268282000 usd
CY2023Q2 us-gaap Direct Premiums Earned
DirectPremiumsEarned
259279000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
533886000 usd
us-gaap Direct Premiums Earned
DirectPremiumsEarned
514255000 usd
CY2024Q2 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
3460000 usd
CY2023Q2 us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
256000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
5031000 usd
us-gaap Assumed Premiums Earned
AssumedPremiumsEarned
315000 usd
CY2024Q2 us-gaap Ceded Premiums Earned
CededPremiumsEarned
27175000 usd
CY2023Q2 us-gaap Ceded Premiums Earned
CededPremiumsEarned
21015000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
53603000 usd
us-gaap Ceded Premiums Earned
CededPremiumsEarned
40942000 usd
CY2024Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
244567000 usd
CY2023Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
238520000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
485314000 usd
us-gaap Premiums Earned Net
PremiumsEarnedNet
473628000 usd
CY2024Q2 us-gaap Premiums Written Net
PremiumsWrittenNet
235600000 usd
CY2024Q2 us-gaap Premiums Earned Net
PremiumsEarnedNet
244600000 usd
us-gaap Premiums Written Net
PremiumsWrittenNet
465900000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
248000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
618000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
671000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
668000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
206000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
107000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
462000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
459000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
196000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
181000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
385000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
382000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
25000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
25000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
317000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
315000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
289000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
194000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
264000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
262000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
36000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
36000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
256000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
255000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
201000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
165000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
360000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
360000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
180000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
180000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
178000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
178000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
117000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
117000000 usd
CY2024Q2 act Initial First Layer Retained Loss
InitialFirstLayerRetainedLoss
134000000 usd
CY2024Q2 act Current First Layer Retained Loss
CurrentFirstLayerRetainedLoss
134000000 usd
CY2024Q2 act Initial Reinsurance Coverage
InitialReinsuranceCoverage
90000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
90000000 usd
CY2024Q2 act Current Reinsurance Coverage
CurrentReinsuranceCoverage
1095000000 usd
CY2024Q2 act Reinsurance Percentage Of Premiums Ceded
ReinsurancePercentageOfPremiumsCeded
0.16125
CY2024Q2 act Reinsurance Percentage Of Ceding Commission
ReinsurancePercentageOfCedingCommission
0.20
CY2024Q2 act Reinsurance Maximum Percentage Profit Commission
ReinsuranceMaximumPercentageProfitCommission
0.55
CY2024Q2 act Reinsurance Percentage Of Premiums Ceded
ReinsurancePercentageOfPremiumsCeded
0.21225
CY2024Q2 act Reinsurance Percentage Of Ceding Commission
ReinsurancePercentageOfCedingCommission
0.20
CY2024Q2 act Reinsurance Maximum Percentage Profit Commission
ReinsuranceMaximumPercentageProfitCommission
0.55
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10900000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
183673000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
168020000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
344661000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
344008000 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.17
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.18
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.13
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.16
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.11
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
157193000 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161318000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
158005000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
161880000 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
158571000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162171000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
159329000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
162675000 shares
CY2024Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-4931000 usd
CY2024Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-6103000 usd
CY2024Q2 act Other Comprehensive Income Loss And Other Adjustments Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossAndOtherAdjustmentsNetOfTaxPortionAttributableToParent
1172000 usd
CY2023Q2 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-35262000 usd
CY2023Q2 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-10261000 usd
CY2023Q2 act Other Comprehensive Income Loss And Other Adjustments Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossAndOtherAdjustmentsNetOfTaxPortionAttributableToParent
-25001000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-17280000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-11375000 usd
act Other Comprehensive Income Loss And Other Adjustments Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossAndOtherAdjustmentsNetOfTaxPortionAttributableToParent
-5905000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
27144000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-10357000 usd
act Other Comprehensive Income Loss And Other Adjustments Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossAndOtherAdjustmentsNetOfTaxPortionAttributableToParent
37501000 usd
CY2023Q3 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000 usd
CY2024Q2 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
250000000 usd
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1601419 shares
CY2024Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
30.43
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
1705169 shares
CY2023Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
24.13
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
3381257 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
28.89
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
2621945 shares
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
24.15
CY2024Q2 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
238200000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.185
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.16
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.16
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.14
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false

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0001823529-24-000160.txt Edgar Link pending
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act-20240630.htm Edgar Link pending
act-20240630.xsd Edgar Link pending
act-20240630_g1.jpg Edgar Link pending
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