← Enact Holdings, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Net income $677.6m
$370.4m -45.34%
$546.7m +47.58%
$704.2m +28.80%
$665.5m -5.49%
$688.1m +3.39%
$674.2m -2.01%
$683.3m +1.34%
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) ($11.5m)
Deferred income taxes $56.7m $11.1m ($1.4m) ($2.3m) ($1.8m) $4.5m $7.8m $5.5m
Deferred Tax — — — ($2.3m) ($1.8m) $4.5m $7.8m $5.5m
Stock-based compensation expense $0 $0 $1.5m $9.9m $15.3m $18.8m $19.0m $20.7m
Change In Working Capital — — — ($158.2m) ($61.5m) ($53.0m) $15.8m $7.6m
Change In Receivables — — — $528k ($3.3m) ($8.0m) $6.9m ($22.6m)
Changes In Account Receivables — — — $528k ($3.3m) ($8.0m) $6.9m ($22.6m)
Accrued investment income ($2.2m) ($5.1m) ($1.9m) ($4.8m) ($5.7m) ($8.0m) ($6.5m) —
Unearned premiums ($38.3m) ($76.5m) ($60.6m) ($43.6m) ($53.4m) ($34.6m) ($23.0m) —
Other assets ($31.6m) $5.0m ($7.3m) ($2.3m) $1.2m $1.5m ($16.7m) —
Other liabilities ($20.1m) $71.1m $1.1m $14.2m $494k ($10.4m) $7.4m —
Other $6.2m $6.7m $907k ($21k) ($13.9m) ($15.6m) ($8.3m) —
Change In Other Current Assets — — — ($2.3m) $1.2m $1.5m ($16.7m) ($11.3m)
Change In Other Current Liabilities — — — $14.2m $494k ($10.4m) $7.4m $24.2m
Net cash provided by operating activities $500.0m
$704.4m +40.86%
$572.1m -18.77%
$560.5m -2.03%
$632.0m +12.76%
$686.3m +8.58%
$724.5m +5.57%
$720.8m -0.51%
Net (gains) losses on investments ($718k) $3.3m $2.1m $2.0m $14.0m $22.8m $16.3m —
Change in short-term investments — $0 $0 ($3.1m) ($16.7m) $16.8m $3.4m —
Net cash used in investing activities $176.0m ($1.1b) ($398.8m) ($220.3m) ($229.4m) ($320.5m) ($226.4m) ($328.9m)
Gain (loss) on extinguishment of debt — — — $0 $0 $10.9m $0 —
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 —
Early Repayment of Senior Debt — — — $0 $0 ($757.5m) $0 —
Issuance Of Debt — — — $0 $0 $749.6m $0 $0
Long Term Debt Issuance — — — $0 $0 $749.6m $0 $0
Long Term Debt Payments — — — $0 $0 ($757.5m) $0 $0
Net Issuance Payments Of Debt — — — $0 $0 ($7.9m) $0 $0
Repayment Of Debt — — — $0 $0 ($757.5m) $0 $0
Repurchase of common stock — $0 $0 ($1.5m) ($87.8m) ($244.0m) ($382.4m) —
Common Stock Dividend Paid — — — ($250.8m) ($213.0m) ($111.7m) ($120.8m) ($124.5m)
Common Stock Payments — — — ($1.5m) ($87.8m) ($244.0m) ($382.4m) ($419.1m)
Net Common Stock Issuance — — — ($1.5m) ($87.8m) ($244.0m) ($382.4m) ($419.1m)
Repurchase Of Capital Stock — — — ($1.5m) ($87.8m) ($244.0m) ($382.4m) ($419.1m)
Dividends paid ($250.0m) ($437.4m) ($200.3m) ($250.8m) ($213.0m) ($111.7m) ($120.8m) ($124.5m)
Proceeds from (Payment for) Other Financing Activity — — — $0 $0 ($11.1m) ($11.8m) —
Net Other Financing Charges — — — — — ($18.5m) ($11.8m) ($12.9m)
Net cash used in financing activities ($250.0m)
$300.3m +220.12%
($200.3m) -166.70%
($252.3m) -25.97%
($300.7m) -19.19%
($382.0m) -27.03%
($515.1m) -34.84%
($556.4m) -8.03%
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 $613.0m
Beginning Cash Position — — — $425.8m $513.8m $615.7m $599.4m $613.0m
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Acquisition costs deferred ($10.6m) ($12.7m) ($7.3m) ($6.7m) ($6.1m) ($5.8m) ($5.2m) —
Premiums receivable ($1.2m) ($5.3m) $4.2m $528k ($3.3m) ($8.0m) $6.9m —
Loss reserves ($62.8m) $320.6m $85.6m ($122.3m) ($817k) $6.5m $47.8m —
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 —
Income taxes paid $166.5m $57.0m $146.0m $186.2m $182.0m $188.5m $190.9m —
Interest paid $0 $0 $47.9m $49.1m $49.2m $62.9m $47.4m $47.4m
Cash Flow From Continuing Financing Activities — — — ($252.3m) ($300.7m) ($382.0m) ($515.1m) ($556.4m)
Cash Flow From Continuing Investing Activities — — — ($220.3m) ($229.4m) ($320.5m) ($226.4m) ($328.9m)
Change In Cash Supplemental As Reported — — — $87.9m $101.9m ($16.3m) ($16.9m) —
Changes In Cash — — — $87.9m $101.9m ($16.3m) ($16.9m) ($164.5m)
End Cash Position — — — $513.8m $615.7m $599.4m $582.5m $448.4m
Financing Cash Flow — — — ($252.3m)
($300.7m) -19.19%
($382.0m) -27.03%
($515.1m) -34.84%
($556.4m) -8.03%
Free Cash Flow — — — $560.5m $632.0m $686.3m $724.5m $720.8m
Gain Loss On Investment Securities — — — $2.0m $14.0m $22.8m $16.3m $13.7m
Investing Cash Flow — — — ($220.3m) ($229.4m) ($320.5m) ($226.4m) ($328.9m)
Net Business Purchase And Sale — — — ($6.5m) $0 ($5.5m) ($1.1m) ($1.1m)
Net Investment Purchase And Sale — — — ($213.7m) ($215.5m) ($299.4m) ($217.0m) ($317.1m)
Operating Gains Losses — — — $2.0m $14.0m $22.8m $16.3m $13.7m
Other Non Cash Items — — $907k ($21k) — $10.9m — —
Purchase Of Business — — — ($6.5m) $0 ($5.5m) ($1.1m) ($1.1m)
Purchase Of Investment — — — ($1.2b) ($1.0b) ($1.6b) ($1.9b) ($1.6b)
Sale Of Investment — — — $1.0b $819.6m $1.3b $1.7b $1.3b
Stock Based Compensation — — — $9.9m $15.3m $18.8m $19.0m $20.7m

Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.