GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Enact Holdings Inc (NAS:ACT) » Definitions » Total Assets

ACT (Enact Holdings) Total Assets : $6,522 Mil (As of Dec. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Enact Holdings Total Assets?

Enact Holdings's Total Assets for the quarter that ended in Dec. 2024 was $6,522 Mil.

Warning Sign:

If a company builds assets at 73.3% a year, faster than its revenue growth rate of 3.9% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Enact Holdings's average Total Assets Growth Rate was 1423.00% per year. During the past 3 years, the average Total Assets Growth Rate was 193.60% per year. During the past 5 years, the average Total Assets Growth Rate was 73.30% per year.

During the past 6 years, Enact Holdings's highest 3-Year average Total Assets Growth Rate was 193.60%. The lowest was 23.40%. And the median was 26.10%.

Total Assets is connected with ROA %. Enact Holdings's annualized ROA % for the quarter that ended in Dec. 2024 was 9.92%. Total Assets is also linked to Revenue through Asset Turnover. Enact Holdings's Asset Turnover for the quarter that ended in Dec. 2024 was 0.05.


Enact Holdings Total Assets Historical Data

The historical data trend for Enact Holdings's Total Assets 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 Total Assets Chart

Enact Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Assets
Get a 7-Day Free Trial 5,652.71 5,865.77 5,709.15 6,190.47 6,521.53

Enact Holdings Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Total Assets 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 Premium Member Only 6,190.47 6,303.68 6,349.37 6,597.05 6,521.53

Enact Holdings Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Enact Holdings's Total Assets for the fiscal year that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (A: Dec. 2024 )+Total Liabilities (A: Dec. 2024 )
=4996.096+1525.435
=6,522

Enact Holdings's Total Assets for the quarter that ended in Dec. 2024 is calculated as

Total Assets=Total Equity (Q: Dec. 2024 )+Total Liabilities (Q: Dec. 2024 )
=4996.096+1525.435
=6,522

* 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) Total Assets Explanation

Total Assets is connected with ROA %.

Enact Holdings's annualized ROA % for the quarter that ended in Dec. 2024 is

ROA %=Net Income (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=650.952/( (6597.046+6521.531)/ 2 )
=650.952/6559.2885
=9.92 %

Note: The Net Income data used here is four times the quarterly (Dec. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Enact Holdings's Asset Turnover for the quarter that ended in Dec. 2024 is

Asset Turnover
=Revenue (Q: Dec. 2024 )/( (Total Assets (Q: Sep. 2024 )+Total Assets (Q: Dec. 2024 ))/ count )
=304.691/( (6597.046+6521.531)/ 2 )
=304.691/6559.2885
=0.05

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Enact Holdings Total Assets Related Terms

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


Enact Holdings Business Description

Traded in Other Exchanges
N/A
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 will be used for the placement of mortgage insurance written on loans originated. The company is engaged in writing and assuming residential mortgage guaranty insurance.
Executives
Brian Gould officer: EVP & Chief Operations Officer 8325 SIX FORKS ROAD, RALEIGH NC 27615
Evan Stolove officer: EVP, Gen. Counsel & Secretary 8325 SIX FORKS ROAD, RALEIGH NC 27615
Genworth Holdings, Inc. 10 percent owner 6620 WEST BROAD STREET, RICHMOND VA 23230
Michael Derstine officer: EVP and Chief Risk Officer 8325 SIX FORKS ROAD, RALEIGH NC 27615
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
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
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