Genworth subsidiary Enact posts Q2 net income $168M, record insurance-in-force $258B

GENWORTH FINANCIAL INC

2023-Q2 EPS reported $0.53 revenue$3,746,000,000

GAAP net income $168M ($1.04 diluted EPS); adjusted operating income $178M ($1.10).
Record primary IIF $258B (+9% YoY); NIW $15B (+15% QoQ, -14% YoY).
Capital return target raised to $300M for 2023; new $100M buyback authorized; dividend increased to $0.16.
Launched Enact Re (Bermuda) with $250M; Fitch upgraded EMICO to A- and Enact debt to BBB-.
Delinquency rate improved to 1.86% (from 1.93%); loss ratio -2% due to $63M reserve release.

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 June 30, 2023 results: revenue $ 239, net income $ 168, EPS $ 1.04. Guidance raised.

Period: quarter ended June 30, 2023
Revenue: $ 239
Net income: $ 168
EPS: $ 1.04
Guidance: raised
Result: reported results

Exact text from the filing

(In millions, except per share data or otherwise noted) 2Q23 1Q23 2Q22 Net Income (loss) $ 168 $ 176 $ 205 Diluted Net Income (loss) per share $ 1.04 $ 1.08 $ 1.25 Adjusted Operating Income (loss) $ 178 $ 176 $ 205 Adj. Diluted Operating Income (loss) per share $ 1.10 $ 1.08 $ 1.26 NIW ($B) $ 15 $ 13 $ 17 Primary IIF ($B) $ 258 $ 253 $ 238 Persistency 84 % 85 % 80 % Net Premiums Earned $ 239 $ 235 $ 237

View on SEC.gov

Browse all earnings releases →

GENWORTH FINANCIAL INC filing history →

Source: SEC EDGAR

accession 0001193125-23-200571

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.