Loading...
•
Jun 30
Genworth Q2 2025 Earnings Report
Genworth Financial reported solid second quarter 2025 results, driven by strong performance from Enact and continued progress on its long-term care insurance rate action plan.
Key Takeaways
Genworth Financial delivered solid second quarter 2025 results, with net income of $51 million and adjusted operating income of $68 million. Enact continued its strong performance, contributing significantly to capital returns, while the company made progress on its long-term care insurance multi-year rate action plan and expanded its CareScout product suite.
Genworth reported a net income of $51 million, or $0.12 per diluted share, and an adjusted operating income of $68 million, or $0.16 per diluted share.
Enact delivered strong adjusted operating income of $141 million and distributed $94 million in capital returns to Genworth.
The U.S. life insurance companies maintained a strong RBC ratio of 304%, reflecting robust statutory earnings.
Genworth's holding company cash and liquid assets stood at $248 million at quarter-end, with $30 million in share repurchases executed during the quarter.
Genworth
Genworth
Genworth Revenue by Segment
Revenue by Segment
Enact Revenue
CapyFin.comLong-Term Care Insurance Premiums Revenue
CapyFin.comLife and Annuities Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
Genworth remains focused on building its growth platform through CareScout, maintaining the self-sustainability of its legacy insurance companies, and continuing to return capital to shareholders.
Positive Outlook
- Continued execution against strategic priorities, including growth of CareScout.
- Focus on maintaining self-sustainability of legacy U.S. life insurance companies.
- Commitment to returning capital to shareholders through share repurchases.
- Potential for future capital returns from Enact Holdings.
- Ongoing progress with the LTC multi-year rate action plan.
Challenges Ahead
- Potential for quarterly adverse variances in long-term care insurance business leading to future remeasurement losses.
- Inability to successfully launch new lines of business, including CareScout insurance.
- Risks related to maintaining self-sustainability of legacy U.S. life insurance subsidiaries if desired rate actions are not achieved.
- Impact on holding company liquidity if unable to receive dividends or capital returns from Enact Holdings.
- Exposure to changes in economic, market, and political conditions, including interest rate fluctuations and potential recessions.