earnings
confidence high
sentiment neutral
materiality 0.75
Genworth Q2 net income $76M ($0.17 EPS); adj. operating income $125M ($0.28)
GENWORTH FINANCIAL INC
2024-Q2 EPS reported
$0.48
revenue$3,633,000,000
- Net income $76M ($0.17 diluted EPS); adjusted operating income $125M ($0.28 per diluted share).
- Enact adjusted operating income $165M; distributed $63M capital returns to Genworth in Q2.
- LTC adjusted operating loss $29M, including $24M pre-tax benefit from net insurance recoveries.
- Share repurchases $36M in Q2; $111M YTD through July 31 at avg price $6.19 per share.
- Holding company cash $281M; GLIC consolidated RBC ratio 319%, up from 314% prior quarter.