• Enact Holdings average return on tangible equity for 2024 was 14.23, a 10.33% decline from 2023.
• Enact Holdings average return on tangible equity for 2023 was 15.87, a 2.52% decline from 2022.
• Enact Holdings average return on tangible equity for 2022 was 16.28, a 42.04% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.