The company maintains a conservative capital structure with $5.3 billion in equity against $1.6 billion in total liabilities as of 2026Q1, providing a substantial buffer against potential credit volatility.
| Total Assets | 6.96B | 6.89B | 6.55B | 6.22B | 5.74B | 5.91B | 5.7B | 4.56B | 4.1B |
| Asset Growth % | 19.74% | 5.25% | 5.34% | 8.4% | -3.02% | 3.79% | 25.1% | 11.13% | - |
| Total Investment Assets | 4M | 6.05B | 5.63B | 5.29B | 4.89B | 5.29B | 5.05B | 3.76B | 3.7B |
| Long-Term Investments | 18.02B | 6.05B | 5.63B | 5.29B | 4.89B | 5.29B | 5.05B | 3.76B | 3.7B |
| Short-Term Investments | 6.13B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 6.68B | 628.62M | 652.46M | 660.75M | 555.51M | 468.09M | 499.26M | 626.22M | 199.06M |
| Cash & Equivalents | 549.04M | 582.49M | 599.43M | 615.68M | 513.77M | 425.83M | 452.79M | 585.06M | 159.05M |
| Receivables | 138.87M | 46.13M | 53.03M | 45.07M | 41.74M | 42.27M | 46.46M | 41.16M | 40.01M |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 8.8M | 11.3M | 13.6M | 15.5M | 0 | 22.6M | 0 |
| Other Assets | 0 | 194.31M | 167.12M | 143.57M | 124.76M | 88.84M | 106.86M | 86.7M | 80.38M |
| Total Liabilities | 1.62B | 1.54B | 1.55B | 1.59B | 1.63B | 1.81B | 1.82B | 727.97M | 825.07M |
| Total Debt | 0 | 744.48M | 760.32M | 768.68M | 771.26M | 775.82M | 775.51M | 46.8M | 0 |
| Net Debt | -549.04M | 161.99M | 160.89M | 153M | 257.48M | 349.99M | 322.72M | -538.26M | -159.05M |
| Long-Term Debt | 0 | 744.48M | 749.74M | 755.15M | 755.32M | 758.12M | 707.14M | 23.4M | 0 |
| Short-Term Debt | 0 | 0 | 3.88M | 3.8M | 3.44M | 0 | 51.46M | 0 | 0 |
| Total Current Liabilities | 0 | 91.64M | 118.56M | 153.13M | 206.16M | 246.32M | 358.4M | 383.46M | 421.79M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 91.64M | 114.68M | 149.33M | 202.72M | 246.32M | 306.94M | 383.46M | 421.79M |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Liabilities | 1.62B | 702.16M | 650.44M | 640.11M | 634.27M | 736.53M | 651.63M | 245.59M | 375.27M |
| Total Equity | 5.34B | 5.36B | 5B | 4.63B | 4.1B | 4.11B | 3.88B | 3.83B | 3.27B |
| Equity Growth % | 25.38% | 7.19% | 7.85% | 12.96% | -0.11% | 5.76% | 1.43% | 16.9% | - |
| Shareholders Equity | 5.34B | 5.36B | 5B | 4.63B | 4.1B | 4.11B | 3.88B | 3.83B | 3.27B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 3.82B | 3.68B | 3.13B | 2.55B | 2.1B | 1.65B | 1.3B | 1.37B | 942.41M |
| Common Stock | 1.4M | 1.42M | 1.52M | 1.59M | 1.63M | 1.63M | 0 | 0 | 0 |
| Accumulated OCI | -82.71M | -30.14M | -207.45M | -230.4M | -382.74M | 83.58M | 208.38M | 93.43M | -26.52M |
| Return on Equity (ROE) | 12.74% | 13.03% | 14.29% | 15.24% | 17.16% | 13.69% | 9.61% | 19.09% | 14.78% |
| Return on Assets (ROA) | 9.83% | 10.03% | 10.78% | 11.14% | 12.09% | 9.42% | 7.23% | 15.66% | 11.8% |
| Equity / Assets | 76.75% | 77.68% | 76.28% | 74.5% | 71.5% | 69.42% | 68.12% | 84.02% | 79.87% |
| Debt / Equity | 0.00x | 0.14x | 0.15x | 0.17x | 0.19x | 0.19x | 0.20x | 0.01x | - |
| Book Value per Share | 37.46 | 35.86 | 31.71 | 28.62 | 25.11 | 25.21 | 23.84 | 23.50 | 20.10 |
| Tangible BV per Share | 37.46 | 35.86 | 31.71 | 28.62 | 25.11 | 25.21 | 23.84 | 23.50 | 20.10 |
Housing market cyclicality
As reported in recent financial statements, Enact Holdings has grown total assets from $6.2 billion in 2023Q4 to $7.0 billion by 2026Q1, reflecting a steady expansion of the equity base that suggests a strengthening capital position despite the inherent cyclicality of the mortgage insurance sector.
The consistent growth in total equity, which reached $5.3 billion in 2026Q1, indicates that the company is successfully retaining earnings while managing its insurance-in-force portfolio. This trajectory suggests that the firm is well-positioned to absorb potential volatility in the housing market without compromising its core solvency metrics.
Based on the provided quarterly data, Enact Holdings maintains a strong capitalization profile with total equity rising to $5.3 billion against $1.6 billion in total liabilities, implying a highly conservative leverage position that provides significant protection against adverse credit events in the underlying mortgage portfolio.
The company's ability to maintain a low liability-to-equity ratio suggests that management is prioritizing long-term solvency over aggressive balance sheet expansion. Investors should monitor whether this capital buffer remains sufficient if the current benign loss environment shifts toward a more challenging macroeconomic backdrop.
According to historical balance sheet figures, the company's claims and loss reserves have fluctuated significantly, reaching a peak of $88.7 million in 2025Q3, which suggests that management's periodic adjustments to loss expectations remain a primary driver of quarterly equity volatility within the reported financial statements.
The variance in loss reserves appears to reflect the company's reactive approach to delinquency trends rather than a structural weakness in the balance sheet. This suggests that while the current reserve levels appear adequate, the potential for future adverse development warrants careful scrutiny of the company's underwriting assumptions.
As evidenced by the company's reported financial data, Enact Holdings maintains a substantial asset base relative to its liabilities, providing a high degree of liquidity to meet potential claims obligations even during periods of elevated delinquency rates observed throughout the 2024 and 2025 fiscal periods.
The company's liquidity profile appears robust, supported by a significant equity cushion that allows for the timely settlement of claims without the need for external financing. This structural strength suggests that the firm is well-prepared to navigate potential liquidity shocks, provided that the housing market does not experience a systemic collapse.
Quick answers to the most common questions about buying ACT stock.
As of 2025, Enact Holdings, Inc. (ACT) had total assets of $6.89B including $628.6M in current assets.
Enact Holdings, Inc. (ACT) carries total debt of $744.5M, offset by $582.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Enact Holdings, Inc. (ACT) has total shareholders' equity (book value) of $5.36B ($35.86 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Enact Holdings, Inc. (ACT) reported a current ratio of 6.86x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.