GNW
Genworth Financial, Inc.8.97
-0.02-0.22%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms CareScout strategy
Q&A was paper-thin, with one email question prompting reaffirmation of CareScout's services-insurance synergy. McInerney explained services target 95% uninsured boomers for care navigation and discounts; insurance preps their kids for crushing LTC costs like $76,000 yearly home care. No contradictions or hedges to prepared guidance on Enact returns, repurchases, or CareScout targets. Management stuck to the playbook. Live lines stayed silent. Investors watch execution on 7,500 matches amid aging crisis.
Key Stats
Market Cap
3.68BP/E (TTM)
15.20Basic EPS (TTM)
0.59Dividend Yield
0%Recent Filings
10-K
FY2025 results
Genworth Financial's FY2025 results showed Enact delivering steady mortgage insurance performance with $273B primary insurance in-force (up 2% y/y), $51.5B new insurance written (up 1% y/y), and $200M reserve releases on strong cures, though Q4 new delinquencies ticked higher sequentially; adjusted operating income fell 5% to $558M on lower releases. Closed Block long-term care pressures intensified with $316M remeasurement losses from higher claims/lower terminations and unfavorable assumption updates (offset partly by rate actions yielding $34.5B cumulative NPV benefit), driving a wider $317M adjusted operating loss despite $407M Enact capital returns funding $245M Genworth buybacks. Holdings ended with $234M unrestricted cash; no annual guidance issued. Legacy insurers' RBC held ~300%. PMIERs sufficiency: 162%. Q4 accelerated share repurchases. Regulatory shifts in GSE credit scores pose quarterly momentum risk.
8-K
Q4 profit thins on LTC drag
Genworth reported Q4 net income of $2M and adjusted operating income of $8M, driven by Enact's $146M contribution but offset by Closed Block's $114M loss from LTC claims and assumptions. Repurchased $94M shares; closed $15M Seniorly acquisition. Enact's PMIERs ratio holds at 162%. Holding cash dipped to $234M.
8-K
Enact Q4 results out
10-Q
Q3 FY2025 results
Genworth posted Q3 revenues up 3% y/y to $1.9B, fueled by 3% higher premiums and net investment income, yet adjusted operating income slipped to $17M from $48M as Long-Term Care losses widened on unfavorable experience variances and assumption updates. Enact delivered steady $134M adjusted operating income despite a smaller $45M reserve release (vs. $65M prior), with primary insurance in-force at $272B (up 2% y/y). Life and Annuities swung to $4M profit on favorable mortality; net income hit $116M ($0.28/share diluted). Holdings ended with $254M unrestricted cash after $110M Enact returns and $77M buybacks. Solid PMIERs at 162%. Litigation lingers.
8-K
Q3 net income $116M
Genworth posted Q3 net income of $116M ($0.28/share), but adjusted operating income fell to $17M amid $113M LTC liability remeasurement losses from higher claims. Enact drove profits with $134M adjusted operating income and $110M capital return, while the board greenlit a $350M buyback and executed $76M repurchases. LTC pressures persist.
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