Enact Holdings (ACT) Q3 FY2026 earnings: revenue $313 million, up 0.4% on the year

Enact Holdings, Inc. (ACT) reported revenue of $313 million for Q3 FY2026, the quarter ended 30 September 2026, up 0.4% on the same quarter a year earlier. Net income was $159 million, down 2.8% on the year, and diluted earnings per share $1.15. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue

$313 million

+0.4% on the year · -1.4% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

64.9%

67.4% a year earlier

Q4 FY2024Q3 FY2026

Net income

$159 million

-2.8% on the year · -9.1% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$1.15

+4.5% on the year · -8.0% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered, 1 narrowed.

Net income fell from second quarter: Net income was $159 million, or $1.15 per diluted share, versus $175 million, or $1.25, in the second quarter and $163 million, or $1.10, a year earlier. Adjusted operating income was $164 million, or $1.19 per diluted share.
Net premiums earned declined on ceded premiums: Net premiums earned were $242 million, down 1% from the second quarter and from a year earlier. Management attributed the decline to higher ceded premiums under continued quota share reinsurance, partly offset by growth in adjacencies and in-force.
Higher new delinquencies drove losses: Excluding reserve releases, losses rose sequentially on seasonal new delinquencies. Year over year, newer books progressed along their expected loss development pattern, partly offset by a lower claim rate in the quarter.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	313	317	311	-1.4%	+0.4%
Operating income	203	220	210	-7.7%	-3.2%
Operating margin	64.9%	69.3%	67.4%
Interest expense	12.5	12.5	12.9	-0.1%	-3.3%
Pre-tax income	203	220	210	-7.7%	-3.2%
Income tax	44.1	45.1	46.3	-2.2%	-4.8%
Effective tax rate	21.7%	20.5%	22.1%
Net income	159	175	163	-9.1%	-2.8%
Net margin	50.8%	55.1%	52.5%
Diluted EPS	$1.15	$1.25	$1.10	-8.0%	+4.5%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	184	119	192	+55.2%	-4.2%
Cash from investing	23.3	-92.3	-121
Cash from financing	-151	-127	-140
Share-based compensation	4.7	4.6	4.5	+2.4%	+4.2%
Buybacks	118	93.3	106	+26.4%	+11.8%
Dividends paid	33.0	33.5	31.0	-1.5%	+6.5%
Dividend per share	$0.24	$0.24	$0.21	0.0%	+14.3%
Diluted shares, weighted	138m	140m	148m	-1.4%	-6.8%
Shares outstanding at period end	136m	138m	146m	-1.8%	-6.8%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	5,197	5,396	5,317	-3.7%	-2.3%
Debt	746	745	744	+0.1%	+0.2%
Other liabilities	848	815	815	+4.0%	+4.1%
Total liabilities and equity	6,791	6,956	6,876	-2.4%	-1.2%
Investments	45.1	49.1	2.0	-8.2%	+2,152.4%
Cash and equivalents	505	448	544	+12.5%	-7.2%
Other assets	6,241	6,459	6,331	-3.4%	-1.4%
Total assets	6,791	6,956	6,876	-2.4%	-1.2%

Questions

What was Enact Holdings' revenue in Q3 FY2026?

Enact Holdings (ACT) reported revenue of $313 million for Q3 FY2026, the quarter ended 30 September 2026, up 0.4% on the same quarter a year earlier.

How much did Enact Holdings earn in Q3 FY2026?

Net income for Q3 FY2026 was $159 million, down 2.8% on the year, and diluted earnings per share $1.15.

When did Enact Holdings report Q3 FY2026 results?

Enact Holdings filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	273	270	274	275	277	281	278	299	296	292	299	310	302	307	305	311	313	312	317	313
Operating income	195	210	261	245	183	225	214	213	200	206	235	229	208	211	215	210	223	213	220	203
Operating margin	71%	78%	95%	89%	66%	80%	77%	71%	67%	71%	79%	74%	69%	69%	70%	67%	71%	68%	69%	65%
Interest expense	12.8	12.8	12.8	12.9	13.3	13.1	12.9	12.9	12.9	13.0	13.6	12.3	12.3	12.3	12.3	12.9	12.5	12.4	12.5	12.5
Pre-tax income	195	210	261	245	183	225	214	213	200	206	235	229	208	211	215	210	223	213	220	203
Tax rate	21%	22%	22%	22%	21%	22%	22%	23%	21%	22%	22%	21%	22%	22%	22%	22%	21%	21%	21%	22%
Net income	154	165	205	191	144	176	168	164	157	161	184	181	163	166	168	163	177	168	175	159
Net margin	56%	61%	75%	69%	52%	63%	61%	55%	53%	55%	61%	58%	54%	54%	55%	52%	57%	54%	55%	51%
Diluted EPS	$0.95	$1.01	$1.25	$1.17	$0.88	$1.08	$1.04	$1.02	$0.98	$1.01	$1.16	$1.15	$1.05	$1.08	$1.11	$1.10	$1.22	$1.18	$1.25	$1.15
Operating cash flow	161	161	141	100	158	119	168	155	190	187	145	188	166	227	120	192	186	224	119	184
Buybacks	n/a	0.0	0.0	0.0	1.5	22.2	41.2	6.3	18.0	49.7	48.6	71.0	74.6	65.3	84.6	106	127	93.2	93.3	118
Dividends paid	n/a	0.0	22.8	22.8	205	22.8	25.7	25.6	139	25.5	29.1	28.8	28.4	28.1	31.5	31.0	30.3	29.8	33.5	33.0
Shares outstanding	163m	163m	163m	163m	163m	162m	160m	160m	159m	158m	156m	154m	152m	151m	148m	146m	142m	140m	138m	136m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.