← Enact Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income | $677.6m | $370.4m | $546.7m | $704.2m | $665.5m | $688.1m | $674.2m | |
| Net Income From Continuing Operations | — | — | — | $704.2m | $665.5m | $688.1m | $674.2m | |
| Amortization of fixed maturity securities discounts and premiums | ($2.6m) | ($5.4m) | ($8.5m) | ($3.2m) | ($6.5m) | ($11.6m) | ($14.0m) | |
| Amortization of deferred acquisition costs and intangibles | $15.1m | $20.9m | $14.7m | $12.4m | $10.7m | $9.7m | $9.2m | |
| Amortization of debt issuance costs | $0 | $0 | $2.3m | $2.4m | $2.6m | $2.0m | $1.4m | |
| Amortization Of Securities | — | — | — | $2.6m | ($2.0m) | ($7.7m) | ($10.0m) | |
| Deferred income taxes | $56.7m | $11.1m | ($1.4m) | ($2.3m) | ($1.8m) | $4.5m | $7.8m | |
| Deferred Income Tax | — | — | — | ($2.3m) | ($1.8m) | $4.5m | $7.8m | |
| Deferred Tax | — | — | — | ($2.3m) | ($1.8m) | $4.5m | $7.8m | |
| Gain (loss) on extinguishment of debt | — | — | — | $0 | $0 | $10.9m | $0 | |
| Net (gains) losses on investments | ($718k) | $3.3m | $2.1m | $2.0m | $14.0m | $22.8m | $16.3m | |
| Acquisition costs deferred | ($10.6m) | ($12.7m) | ($7.3m) | ($6.7m) | ($6.1m) | ($5.8m) | ($5.2m) | |
| Stock-based compensation expense | $0 | $0 | $1.5m | $9.9m | $15.3m | $18.8m | $19.0m | |
| Accrued investment income | ($2.2m) | ($5.1m) | ($1.9m) | ($4.8m) | ($5.7m) | ($8.0m) | ($6.5m) | |
| Premiums receivable | ($1.2m) | ($5.3m) | $4.2m | $528k | ($3.3m) | ($8.0m) | $6.9m | |
| Other assets | ($31.6m) | $5.0m | ($7.3m) | ($2.3m) | $1.2m | $1.5m | ($16.7m) | |
| Loss reserves | ($62.8m) | $320.6m | $85.6m | ($122.3m) | ($817k) | $6.5m | $47.8m | |
| Unearned premiums | ($38.3m) | ($76.5m) | ($60.6m) | ($43.6m) | ($53.4m) | ($34.6m) | ($23.0m) | |
| Other liabilities | ($20.1m) | $71.1m | $1.1m | $14.2m | $494k | ($10.4m) | $7.4m | |
| Purchases of fixed maturity securities available-for-sale | ($951.3m) | ($1.9b) | ($1.6b) | ($1.2b) | ($1.0b) | ($1.6b) | ($1.9b) | |
| Payments to acquire limited partnership and equity interests | — | — | — | — | $0 | ($5.5m) | ($1.1m) | |
| Proceeds from sales of fixed maturity securities available-for-sale | $257.7m | $278.5m | $498.8m | $534.7m | $423.4m | $554.0m | $763.6m | |
| Maturities of fixed maturity securities available-for-sale | $359.3m | $527.1m | $713.0m | $470.8m | $396.2m | $735.4m | $911.6m | |
| Change in short-term investments | — | $0 | $0 | ($3.1m) | ($16.7m) | $16.8m | $3.4m | |
| Other | $6.2m | $6.7m | $907k | ($21k) | ($13.9m) | ($15.6m) | ($8.3m) | |
| Beginning Cash Position | — | — | — | $425.8m | $513.8m | $615.7m | $599.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($252.3m) | ($300.7m) | ($382.0m) | ($515.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($220.3m) | ($229.4m) | ($320.5m) | ($226.4m) | |
| Change In Other Current Assets | — | — | — | ($2.3m) | $1.2m | $1.5m | ($16.7m) | |
| Change In Other Current Liabilities | — | — | — | $14.2m | $494k | ($10.4m) | $7.4m | |
| Change In Receivables | — | — | — | $528k | ($3.3m) | ($8.0m) | $6.9m | |
| Change In Working Capital | — | — | — | ($158.2m) | ($61.5m) | ($53.0m) | $15.8m | |
| Changes In Account Receivables | — | — | — | $528k | ($3.3m) | ($8.0m) | $6.9m | |
| Changes In Cash | — | — | — | $87.9m | $101.9m | ($16.3m) | ($16.9m) | |
| End Cash Position | — | — | — | $513.8m | $615.7m | $599.4m | $582.5m | |
| Financing Cash Flow | — | — | — | ($252.3m) | ($300.7m) | ($382.0m) | ($515.1m) | |
| Free Cash Flow | — | — | — | $560.5m | $632.0m | $686.3m | $724.5m | |
| Gain Loss On Investment Securities | — | — | — | $2.0m | $14.0m | $22.8m | $16.3m | |
| Investing Cash Flow | — | — | — | ($220.3m) | ($229.4m) | ($320.5m) | ($226.4m) | |
| Net Business Purchase And Sale | — | — | — | ($6.5m) | $0 | ($5.5m) | ($1.1m) | |
| Operating Gains Losses | — | — | — | $2.0m | $14.0m | $22.8m | $16.3m | |
| Other Non Cash Items | — | — | $907k | ($21k) | — | $10.9m | — | |
| Purchase Of Business | — | — | — | ($6.5m) | $0 | ($5.5m) | ($1.1m) | |
| Repurchase Of Capital Stock | — | — | — | ($1.5m) | ($87.8m) | ($244.0m) | ($382.4m) | |
| Stock Based Compensation | — | — | — | $9.9m | $15.3m | $18.8m | $19.0m | |
| Net cash provided by operating activities | $500.0m | $704.4m | $572.1m | $560.5m | $632.0m | $686.3m | $724.5m | |
| Net Investment Purchase And Sale | — | — | — | ($213.7m) | ($215.5m) | ($299.4m) | ($217.0m) | |
| Purchase Of Investment | — | — | — | ($1.2b) | ($1.0b) | ($1.6b) | ($1.9b) | |
| Sale Of Investment | — | — | — | $1.0b | $819.6m | $1.3b | $1.7b | |
| Net Other Investing Changes | — | — | — | — | ($13.9m) | ($15.6m) | ($8.3m) | |
| Net cash used in investing activities | $176.0m | ($1.1b) | ($398.8m) | ($220.3m) | ($229.4m) | ($320.5m) | ($226.4m) | |
| Proceeds from the issuance of long-term debt | $0 | $737.7m | $0 | $0 | $0 | $749.6m | $0 | |
| Payments of Debt Issuance Costs | — | — | — | $0 | $0 | ($7.4m) | $0 | |
| Issuance Of Debt | — | — | — | $0 | $0 | $749.6m | $0 | |
| Long Term Debt Issuance | — | — | — | $0 | $0 | $749.6m | $0 | |
| Net Issuance Payments Of Debt | — | — | — | $0 | $0 | ($7.9m) | $0 | |
| Early Repayment of Senior Debt | — | — | — | $0 | $0 | ($757.5m) | $0 | |
| Long Term Debt Payments | — | — | — | $0 | $0 | ($757.5m) | $0 | |
| Repayment Of Debt | — | — | — | $0 | $0 | ($757.5m) | $0 | |
| Net Common Stock Issuance | — | — | — | ($1.5m) | ($87.8m) | ($244.0m) | ($382.4m) | |
| Repurchase of common stock | — | $0 | $0 | ($1.5m) | ($87.8m) | ($244.0m) | ($382.4m) | |
| Common Stock Payments | — | — | — | ($1.5m) | ($87.8m) | ($244.0m) | ($382.4m) | |
| Dividends paid | ($250.0m) | ($437.4m) | ($200.3m) | ($250.8m) | ($213.0m) | ($111.7m) | ($120.8m) | |
| Cash Dividends Paid | — | — | — | ($250.8m) | ($213.0m) | ($111.7m) | ($120.8m) | |
| Common Stock Dividend Paid | — | — | — | ($250.8m) | ($213.0m) | ($111.7m) | ($120.8m) | |
| Proceeds from (Payment for) Other Financing Activity | — | — | — | $0 | $0 | ($11.1m) | ($11.8m) | |
| Net Other Financing Charges | — | — | — | — | — | ($18.5m) | ($11.8m) | |
| Net cash used in financing activities | ($250.0m) | $300.3m | ($200.3m) | ($252.3m) | ($300.7m) | ($382.0m) | ($515.1m) | |
| Net increase (decrease) in cash and cash equivalents | $426.0m | ($132.3m) | ($27.0m) | $87.9m | $101.9m | ($16.3m) | ($16.9m) | |
| Cash and cash equivalents at beginning of year | $585.1m | $452.8m | $425.8m | $513.8m | $615.7m | $599.4m | $582.5m | |
| Change In Cash Supplemental As Reported | — | — | — | $87.9m | $101.9m | ($16.3m) | ($16.9m) | |
| Interest paid | $0 | $0 | $47.9m | $49.1m | $49.2m | $62.9m | $47.4m | |
| Income taxes paid | $166.5m | $57.0m | $146.0m | $186.2m | $182.0m | $188.5m | $190.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.