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Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company engages in writing and assuming residential mortgage guaranty insurance. It also offers private mortgage insurance products insuring prime-based, individually underwritten residential mortgage loans; pool mortgage insurance; contract underwriting services; and mortgage-related reinsurance products. The company serves large money center banks, non-bank lenders, national and local mortgage bankers, community banks, and credit unions. 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. is a subsidiary of Genworth Holdings Inc.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.2B | - | $674M | $725M | 12.6% | 2.8% | -2.0% |
| 2024 | $1.2B | - | $688M | $686M | 13.8% | 4.2% | 3.4% |
| 2023 | $1.2B | - | $666M | $632M | 14.4% | 5.4% | -5.5% |
| 2022 | $1.1B | - | $704M | $561M | 17.2% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,094.87 | 1,153.69 | 1,201.77 | 1,235.83 |
| EBIT | - | 949.92 | 903.38 | 929.22 | 908.79 |
| Pretax Income | - | 898.22 | 851.51 | 878.06 | 858.84 |
| Tax Provision | - | 194.06 | 186 | 189.99 | 184.59 |
| Net Income | - | 704.16 | 665.51 | 688.07 | 674.24 |
| Net Income Common Stockholders | - | 704.16 | 665.51 | 688.07 | 674.24 |
| Total Expenses | - | 196.65 | 302.18 | 323.71 | 376.99 |
| Interest Expense | - | 51.70 | 51.87 | 51.16 | 49.95 |
| Normalized Income | - | 704.16 | 665.51 | 696.64 | 674.24 |
| Market Cap | 6,189.63 | 6,189.63 | 6,189.63 | 6,189.63 | 6,189.63 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Enact Holdings, Inc.this co. | ACT | $6.5B | 9.18↓ discount | 1.16 | 12.6% | - |
| StoneX Group Inc. | SNEX | $7.8B | 27.31 | 3.51 | 12.9% | 12.71 |
| MarketAxess Holdings Inc. | MKTX | $6.1B | 23.52 | 5.06 | 21.5% | 12.30 |
| Victory Capital Holdings, Inc. | VCTR | $5.9B | 14.11 | 1.92 | 13.6% | 9.48 |
| Axos Financial, Inc. | AX | $5.4B |
| - |
| - |
| - |
| - |
| - |
| 12.50 |
| 2.02 |
| 16.1% |
| - |
| Mercury General Corporation | MCY | $5.3B | 9.88 | 2.21 | 22.4% | - |
| HA Sustainable Infrastructure Capital, Inc. | HASI | $5.2B | 28.91 | 2.07 | 7.2% | - |
| Moelis & Company | MC | $5.1B | 21.45 | 8.80 | 41.0% | 16.65 |
| Atlantic Union Bankshares Corporation | AUB | $5.0B | 19.55 | 1.07 | 5.5% | - |
| Peer Median | - | 20.50 | 2.14 | 14.9% | 12.50 | |