Genworth Q4 2022 Earnings Report
Key Takeaways
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.
Net income was $175 million, or $0.35 per diluted share, compared to $163 million, or $0.32 per diluted share, in Q4 2021.
Adjusted operating income was $167 million, or $0.33 per diluted share, compared to $164 million, or $0.32 per diluted share, in Q4 2021.
Enact segment adjusted operating income was $120 million.
U.S. Life Insurance segment adjusted operating income was $38 million.
Genworth
Genworth
Forward Guidance
Genworth delivered strong earnings in the fourth quarter and for the full year. The company's accomplishments in 2022 have improved its financial strength and allowed it to enter 2023 with enhanced flexibility for investments in future growth and capital return to shareholders.