Enact Holdings, Inc. (ACT) Financial Statements (2024 and earlier)

Company Profile

Business Address 8325 SIX FORKS ROAD
RALEIGH, NC 27615
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments517426
Cash and cash equivalents514426
Short-term investments3 
Receivables  1
Total current assets:517427
Noncurrent Assets
Operating lease, right-of-use asset 1416
Deferred income tax assets127 
Total noncurrent assets:14116
Other undisclosed assets5,0515,423
TOTAL ASSETS:5,7095,866
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 9 
Accrued liabilities 9 
Total current liabilities: 9 
Noncurrent Liabilities
Liabilities, other than long-term debt  2
Deferred income tax liabilities  2
Total noncurrent liabilities:  2
Other undisclosed liabilities1,5991,759
Total liabilities:1,6081,760
Equity
Equity, attributable to parent4,1014,106
Common stock22
Additional paid in capital2,3822,372
Accumulated other comprehensive income (loss)(383)84
Retained earnings2,1001,648
Total equity:4,1014,106
TOTAL LIABILITIES AND EQUITY:5,7095,866

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
Revenues1,0951,118
Premiums earned, net939975
Net investment income155141
Cost of revenue
(Policyholder Benefits and Claims Incurred, Net)
 (125)
Gross profit:1,095992
Operating expenses (227) 
Other undisclosed operating loss  
Operating income:868992
Interest and debt expense(52)(51)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (246)
Income from continuing operations before equity method investments, income taxes:816695
Other undisclosed income (loss) from continuing operations before income taxes82 
Income from continuing operations before income taxes:898695
Income tax expense(194)(149)
Income from continuing operations:704547
Income before gain (loss) on sale of properties:547
Net income available to common stockholders, diluted:704547

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
Net income:704547
Comprehensive income:704547
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(466)(125)
Comprehensive income, net of tax, attributable to parent:238422

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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