Genworth Q2 net income $137M, adjusted op income $85M; board expands buyback by $350M

GENWORTH FINANCIAL INC

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

Net income of $137M ($0.29 EPS) vs $159M ($0.31 EPS) in Q2 2022; adjusted op income $85M ($0.18 EPS) down from $153M.
Enact segment adjusted operating income of $146M; PMIERs sufficiency ratio of 162%.
LTC segment adjusted operating loss of $(43)M; $94M gross incremental premium approved in Q2.
Executed $112M in share repurchases in Q2; $264M total through July at avg $5.11/share.
Board authorized $350M expansion of existing share repurchase program.

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