Genworth Earnings Reports

Genworth Financial reported a net loss of $1 million and adjusted operating income of $15 million in Q4 2024. The company's performance was impacted by losses in its Long-Term Care Insurance segment, while its Enact segment generated strong adjusted operating income of $137 million. The company continued executing share repurchases and reducing debt, maintaining a solid liquidity position.

Genworth Financial reported a net income of $85 million and adjusted operating income of $48 million for the third quarter of 2024. The company continued to advance its strategic priorities, including progress on its LTC multi-year rate action plan and expansion of the CareScout Quality Network. Enact's strong performance contributed to the results, with $148 million in adjusted operating income and $81 million in capital returns to Genworth. The company also executed $36 million in share repurchases during the quarter.

Genworth Financial reported a net income of $76 million and adjusted operating income of $125 million. Enact's strong performance and the expansion of the CareScout Quality Network were key highlights. The company executed $36 million in share repurchases and remains focused on returning capital to shareholders.

Genworth Financial reported a net income of $139 million and adjusted operating income of $85 million for Q1 2024. Enact's strong performance and LTC earnings contributed to the results, with strategic share repurchases and advancements in long-term care insurance rate actions also noted.

Genworth Financial reported a net loss of $212 million and an adjusted operating loss of $230 million for Q4 2023. The company executed $35 million in share repurchases during the quarter and received $128 million in capital returns from Enact. Annual assumption updates had unfavorable impacts in life insurance and LTC, totaling $227 million.

Genworth Financial reported a net income of $29 million and an adjusted operating income of $42 million for Q3 2023. Enact's strong performance was a key driver, while the company continued to advance its LTC rate action plan and executed share repurchases.

Genworth Financial reported a net income of $137 million and an adjusted operating income of $85 million for the second quarter of 2023. Enact's strong performance and progress in Long-Term Care Insurance rate actions contributed to the results. The company also announced a $350 million expansion of its share repurchase program.

Genworth Financial reported a net income of $62 million and an adjusted operating income of $84 million for Q1 2023. The company executed $68 million in share repurchases during the quarter and $182 million through April 2023. Enact's strong performance was a key driver, while LTC and Life and Annuities faced losses.

Genworth Financial reported a net income of $175 million and an adjusted operating income of $167 million for the fourth quarter of 2022. The company's Enact segment and U.S. Life Insurance segment contributed significantly to the overall performance. Genworth also executed $30 million in share repurchases during the quarter.

Genworth Financial reported a net income of $104 million and an adjusted operating income of $159 million for Q3 2022. The company achieved its debt target, stabilized the legacy LTC book, and initiated a program to return capital to shareholders.

Genworth Financial reported a net income of $181 million and adjusted operating income of $176 million for the second quarter of 2022. The company's performance was driven by the Enact segment and solid long-term care insurance performance. Genworth also executed $30 million in share repurchases and received a two-notch credit rating upgrade from Moody's Investors Service.

Genworth Financial reported a net income of $149 million and adjusted operating income of $131 million for Q1 2022. The company announced a $350 million share repurchase authorization, marking their first shareholder return program in over 13 years. The U.S. Life Insurance segment experienced an adjusted operating loss, while Enact demonstrated strong performance.

Genworth Financial reported a net income of $163 million and an adjusted operating income of $164 million for the fourth quarter of 2021. The company made significant progress in reducing debt, stabilizing the long term care insurance business, and advancing long-term care growth initiatives.

Genworth Financial reported a net income of $314 million and adjusted operating income of $239 million for the third quarter of 2021. The successful completion of the Enact IPO improved the company's financial position and drove ratings improvements. The U.S. life insurance segment benefited from long-term care insurance results.

Genworth Financial reported a strong second quarter with a net income of $240 million and adjusted operating income of $194 million. The company made significant progress on its strategic objectives, including preparations for an IPO of Enact and debt reduction.

Genworth Financial, Inc. reported a net income of $187 million and adjusted operating income of $168 million for the first quarter of 2021. The company completed the sale of its interest in Genworth Australia, resulting in net proceeds of $123 million. Continued progress was made on the planned partial IPO of the U.S. Mortgage Insurance (MI) business.

Genworth Financial reported a strong fourth quarter with net income of $267 million and adjusted operating income of $173 million. The company is focused on executing its contingency plan to raise liquidity and maximize shareholder value, including preparing for a potential IPO of its U.S. MI business.

Genworth Financial reported a strong operating performance in Q3 2020, driven by outstanding results in the U.S. mortgage insurance business. The company's net income was $418 million, or $0.82 per diluted share, and adjusted operating income was $132 million, or $0.26 per diluted share.

Genworth Financial reported a net loss of $441 million, or $0.86 per diluted share, in the second quarter of 2020, compared with net income of $168 million, or $0.33 per diluted share, in the second quarter of 2019. The company reported an adjusted operating loss of $21 million, or $0.04 per diluted share, in the second quarter of 2020, compared with adjusted operating income of $178 million, or $0.35 per diluted share, in the second quarter of 2019.

Genworth Financial reported a net loss of $66 million and adjusted operating income of $33 million for the first quarter of 2020. The company faced headwinds from the COVID-19 pandemic, which caused volatility and decline in market environments. However, it received reapprovals for its merger with China Oceanwide and extended the merger agreement to June 30, 2020.

Genworth Financial reported a net loss of $17 million for the fourth quarter of 2019, compared to a net loss of $329 million in the same period of 2018. Adjusted operating income was $24 million, a significant improvement from the adjusted operating loss of $305 million in the prior year quarter. The company's U.S. mortgage insurance business performed strongly, while the U.S. life insurance segment continued to face challenges.