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Sep 30
Genworth Q3 2025 Earnings Report
Genworth's Q3 2025 earnings report highlighted strategic advancements in CareScout, a new share repurchase program, and mixed financial results across its segments.
Key Takeaways
Genworth Financial reported a net income of $116 million, or $0.28 per diluted share, and adjusted operating income of $17 million, or $0.04 per diluted share, for the third quarter of 2025. The company made significant strategic progress with its CareScout platform, including the launch of a new LTC product and the acquisition of Seniorly. A new $350 million share repurchase program was authorized, with $76 million executed in the quarter. While Enact showed strong operating performance, the Long-Term Care Insurance segment reported an adjusted operating loss.
Net income for Q3 2025 was $116 million, or $0.28 per diluted share, driven by strong operating performance from Enact.
Adjusted operating income was $17 million, or $0.04 per diluted share, reflecting a decrease from the prior quarter and prior year.
Genworth advanced its CareScout growth platform by launching a standalone LTC product and acquiring Seniorly, expanding into senior living communities.
A new $350 million share repurchase program was announced, with $76 million in share repurchases executed during the quarter.
Genworth
Genworth
Genworth Revenue by Segment
Revenue by Segment
Enact Adjusted Operating Income Revenue
CapyFin.comLong-Term Care Insurance Premiums Revenue
CapyFin.comLife and Annuities Adjusted Operating Income Revenue
CapyFin.comCorporate and Other Adjusted Operating Loss Revenue
CapyFin.com Forward Guidance
Genworth's forward guidance emphasizes continued strategic execution, capital returns to shareholders, and managing its legacy businesses. The company anticipates potential challenges related to market volatility, regulatory changes, and the successful integration and launch of new CareScout initiatives.
Positive Outlook
- Continued focus on advancing the CareScout growth platform with new product launches and acquisitions like Seniorly.
- Commitment to returning capital to shareholders through a new $350 million share repurchase program.
- Enact's strong cash flows are expected to support shareholder value delivery.
- Ongoing progress on the LTC Multi-Year Rate Action Plan (MYRAP) with incremental premium approvals.
- Management's policy to manage U.S. life insurance companies with internally generated capital.
Challenges Ahead
- Potential for the inability to successfully launch new lines of business, including CareScout's LTC products.
- Risk of not maintaining the self-sustainability of legacy U.S. life insurance subsidiaries due to challenges in achieving desired in-force rate actions or regulatory impacts.
- Inaccuracies or changes in estimates, assumptions, methodologies, valuations, projections, and/or models, which could result in inadequate reserves or other adverse results.
- Impact on holding company liquidity caused by an inability to receive dividends or other capital returns from Enact Holdings, and limited sources of capital and financing.
- Adverse changes in economic, market, and political conditions, including inflation, fluctuating interest rates, and potential recessions, which could impact financial performance.