Genworth Q4 net loss $212M ($0.47/sh); LTC rate action cuts remaining need by $1.5B to ~$5B

GENWORTH FINANCIAL INC

2023-FY EPS reported $0.16 revenue$7,488,000,000

Net loss of $212M, or $0.47 per diluted share; adjusted operating loss of $230M, or $0.51 per share.
Executed $384M in total share repurchases through Feb 13, 2024 at avg $5.33 per share; $35M in Q4.
LTC MYRAP: achieved $127M gross incremental premium approved in Q4; remaining needed ~$5B (down $1.5B).
Received $128M in capital returns from Enact in Q4; Enact full-year adjusted operating income $552M.
Annual assumption updates resulted in $227M unfavorable impact in life insurance and LTC.

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 0.95

GENWORTH FINANCIAL INC reported the quarter ended December 31, 2023 results: net income Net loss 1 of $212M, or $0.47 per diluted share.

Period: the quarter ended December 31, 2023
Net income: Net loss 1 of $212M, or $0.47 per diluted share
Result: reported results

Exact text from the filing

On February 21, 2024, Genworth Financial, Inc. (the “Company”) issued (1) a press release announcing its financial results for the quarter ended December 31, 2023

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379 earnings releases filed in the last 30 days. Browse all earnings releases →

GENWORTH FINANCIAL INC filing history →

Source: SEC EDGAR

accession 0001193125-24-041476

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