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ACT (Enact Holdings) Net Margin % : 58.36% (As of Sep. 2024)


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What is Enact Holdings Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. Enact Holdings's Net Income for the three months ended in Sep. 2024 was $181 Mil. Enact Holdings's Revenue for the three months ended in Sep. 2024 was $310 Mil. Therefore, Enact Holdings's net margin for the quarter that ended in Sep. 2024 was 58.36%.

The historical rank and industry rank for Enact Holdings's Net Margin % or its related term are showing as below:

ACT' s Net Margin % Range Over the Past 10 Years
Min: 33.48   Med: 57.69   Max: 69.23
Current: 57.07


ACT's Net Margin % is ranked better than
95.82% of 479 companies
in the Insurance industry
Industry Median: 8.36 vs ACT: 57.07

Enact Holdings Net Margin % Historical Data

The historical data trend for Enact Holdings's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Enact Holdings Net Margin % Chart

Enact Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Margin %
69.23 33.48 48.80 64.31 57.69

Enact Holdings Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 54.91 53.11 55.21 61.46 58.36

Competitive Comparison of Enact Holdings's Net Margin %

For the Insurance - Specialty subindustry, Enact Holdings's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Enact Holdings's Net Margin % Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Enact Holdings's Net Margin % distribution charts can be found below:

* The bar in red indicates where Enact Holdings's Net Margin % falls into.



Enact Holdings Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Enact Holdings's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=665.511/1153.686
=57.69 %

Enact Holdings's Net Margin for the quarter that ended in Sep. 2024 is calculated as

Net Margin=Net Income (Q: Sep. 2024 )/Revenue (Q: Sep. 2024 )
=180.669/309.588
=58.36 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Enact Holdings  (NAS:ACT) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Enact Holdings Net Margin % Related Terms

Thank you for viewing the detailed overview of Enact Holdings's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Enact Holdings Business Description

Traded in Other Exchanges
Address
8325 Six Forks Road, Raleigh, NC, USA, 27615
Enact Holdings Inc is a private mortgage insurance company serving the United States housing finance market. The principal mortgage insurance customers are originators of residential mortgage loans who determine which mortgage insurer or insurers they will use for the placement of mortgage insurance written on loans they originate. The company is engaged in the business of writing and assuming residential mortgage guaranty insurance.
Executives
Genworth Holdings, Inc. 10 percent owner 6620 WEST BROAD STREET, RICHMOND VA 23230
Rohit Gupta director, officer: President and CEO C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Jerome T Upton director GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Michael A Bless director C/O ROCKWELL INTERNATIONAL INC, 777 E. WISCONSIN AVE #1400, MILWAUKEE WI 53202
Brian Gould officer: EVP & Chief Operations Officer 8325 SIX FORKS ROAD, RALEIGH NC 27615
Sheehan Daniel J Iv director 6620 WEST BROAD STREET, RICHMOND VA 23230
Hardin Dean Mitchell officer: EVP, CFO and Treasurer 8325 SIX FORKS ROAD, RALEIGH NC 27615
Michael Derstine officer: EVP and Chief Risk Officer 8325 SIX FORKS ROAD, RALEIGH NC 27615
Anne G Waleski director 1508 WEST AVENUE, RICHMOND VA 23220
Westley V Thompson director THE PHOENIX COMPANIES, INC., ONE AMERICAN ROW, HARTFORD CT 06102
Debra Still director 520 MADISON AVE, 32ND FL, C/O CHIMERA INVESTMENT CORPORATION, NEW YORK NY 10022
John D Fisk director C/O AGNC INVESTMENT CORP., 7373 WISCONSIN AVENUE, 22ND FLOOR, BETHESDA MD 20814
Restrepo Robert P Jr director
Dominic James Addesso director, other: Chairperson of the Board 477 MARTINSVILLE ROAD, LIBERTY CORNER NJ 07938
Thomas J Mcinerney director 6620 WEST BROAD STREET, RICHMOND VA 23230