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Enact Holdings, Inc. ACT Reinsurance recoverable on unpaid losses and loss expenses

Discontinued — last reported Q3 '23

Reinsurance recoverable on unpaid losses and loss expenses at other companies

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Segments

By product

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Domestic mortgage insurance$3.04M+14.9%

Other financials

Income statement

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Revenue$317.3M+4.1%
Net income$174.8M+4.2%
EPS (diluted)$1.25+12.6%

Balance sheet

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Cash & equivalents$448.4M-26.8%
Total debt$745.2M+0.2%
Total equity$5.4B+3.3%
Total assets$7.0B+2.7%

Cash flow

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Operating cash flow$118.5M-0.8%

Valuation

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Market cap$6.79B+27.2%
Enterprise value$7.09B+29.6%
P/E9.9×+2.1×
P/S5.4×+1.1×

Profitability

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Net margin54.5%-0.8pp

Returns & leverage

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Return on equity12.9%-0.6pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by Enact Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ReinsuranceRecoverableForUnpaidClaimsAndClaimsAdjustments.

The source filing: Enact Holdings, Inc.’s 10-Q, filed November 2, 2023.

Filed
Nov 2, 2023, 4:04 PM EDT
Fiscal quarter
Q3 FY2023
Calendar quarter
Q3 2023
Accession
0001823529-23-000211
(Amounts in thousands)20232022
Total incurred (1)2,834(112,295)
Losses and LAE paid related to current accident year(697)(1,005)
Losses and LAE paid related to prior accident years(20,458)(17,772)
Total paid (1)(21,155)(18,777)
Net loss reserves, ending balance500,009509,572
Reinsurance recoverable, ending balance429
Run-off reserves655665
Loss reserves, ending balance$501,093$510,237

Item 1. Financial Statements

FAQ

What is Enact Holdings, Inc.'s reinsurance recoverable on unpaid losses and loss expenses?
Enact Holdings, Inc. (ACT) reported reinsurance recoverable on unpaid losses and loss expenses of $429K in Q3 2023.
What is the long-term trend for Enact Holdings, Inc.'s reinsurance recoverable on unpaid losses and loss expenses?
Over 2 years (2020 to 2022), Enact Holdings, Inc.'s reinsurance recoverable on unpaid losses and loss expenses has grown at a -100.0% compound annual growth rate (CAGR), from $654K to $0.
What does reinsurance recoverable on unpaid losses and loss expenses mean?
Reinsurance recoverable on unpaid losses and loss expenses

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