Genworth Q1 net income falls to $62M from $191M; adjusted op income $84M; LTC loss $37M

GENWORTH FINANCIAL INC

2023-Q1 EPS reported $0.12 revenue$1,854,000,000

Net income $62M ($0.12 diluted EPS) vs $191M ($0.37) in Q1 2022; adjusted operating income $84M ($0.17) vs $120M ($0.23).
Enact segment adjusted operating income $143M; PMIERs sufficiency ratio 164%.
LTC adjusted operating loss $(37)M; Life and Annuities adjusted operating loss $(4)M.
Executed $68M in share repurchases in Q1; $182M total through April 2023 at avg price <$5/share.
LTC rate actions achieved ~$23.8B net present value since 2012; statutory pre-tax income $192M; RBC ratio 295%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENWORTH FINANCIAL INC reported quarter ended March 31, 2023 results: net income $62 million, EPS $0.12 per diluted share.

Period: quarter ended March 31, 2023
Net income: $62 million
EPS: $0.12 per diluted share
Result: reported results

Exact text from the filing

Genworth Financial Announces First Quarter 2023 Results Net Income of $62 Million and Adjusted Operating Income of $84 Million

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Source: SEC EDGAR

accession 0001193125-23-134429

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