Enact Holdings, Inc.ACT

Market cap

$6.1B

P/E ratio

	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024
Net income	-	704	666	688
Net (gains) losses on investments	-2	-2	-14	-23
Amortization of fixed maturity securities discounts and premiums	8	3	7	12
Amortization of deferred acquisition costs and intangibles	15	12	11	10
Acquisition costs deferred	7	7	6	6
Deferred income taxes	-1	-2	-2	4
Stock-based compensation expense	1	10	15	19
Amortization of debt issuance costs	2	2	3	2
Gain (Loss) on Extinguishment of Debt	-	-	-	-11
Other	-1	0	-	-
Accrued investment income	2	5	6	8
Premiums receivable	-4	-1	3	8
Other assets	7	2	-1	-1
Loss reserves	86	-122	-1	7
Unearned premiums	-61	-44	-53	-35
Other liabilities	1	14	0	-10
Net cash provided by operating activities	572	561	632	686
Purchases of fixed maturity securities available-for-sale	1,583	1,216	1,018	1,606
Purchase of equity interest	27	7	-	6
Proceeds from Sale of Debt Securities, Available-for-Sale	499	535	423	554
Maturities of fixed maturity securities available-for-sale	713	471	396	735
Change in short-term investments	-	3	17	-17
Other	-	-	14	16
Net cash used in investing activities	-399	-220	-229	-321
Proceeds from Issuance of Long-Term Debt	-	-	-	750
Payments of Debt Issuance Costs	-	-	-	7
Early Repayment of Senior Debt	-	-	-	758
Repurchase of common stock	-	2	88	244
Dividends paid	200	251	213	112
Proceeds from (Payments for) Other Financing Activities	-	-	-	-11
Net cash used in financing activities	-200	-252	-301	-382
Net increase (decrease) in cash and cash equivalents	-27	88	102	-16
Income taxes paid	146	186	182	189
Interest paid	48	49	49	63