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Jun 30, 2024
Genworth Q2 2024 Earnings Report
Genworth delivered solid performance driven by Enact and strategic advancements.
Key Takeaways
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.
Continued progress on the LTC multi-year rate action plan (MYRAP) with $138M of gross incremental premium approvals.
CareScout expanded the CareScout Quality Network, now available in over 40 states.
Executed $36M in share repurchases in the quarter.
U.S. life insurance companies’ RBC ratio of 319% driven by strong statutory income.
Revenue by Segment
Forward Guidance
Genworth remains committed to returning significant capital to shareholders while investing prudently in future growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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