earnings
confidence high
sentiment positive
materiality 0.75
Genworth Q4 net income $175M ($0.35/diluted); adjusted op income $167M; Enact $120M
GENWORTH FINANCIAL INC
2022-FY EPS reported
$1.19
revenue$7,507,000,000
- Net income of $175M ($0.35/diluted) vs $163M ($0.32) in Q4 2021; adjusted operating income $167M ($0.33) vs $164M ($0.32).
- Enact segment adjusted operating income of $120M, with 10% annual primary insurance in-force growth.
- Received $168M in capital returns from Enact in Q4, including $148M special dividend.
- U.S. Life adjusted operating income $38M; LTC rate actions achieved ~$23.5B NPV since 2012.
- Holding company cash $307M; executed $30M in share repurchases in Q4, $64M total through Dec 2022.