earnings
confidence high
sentiment negative
materiality 0.70
Genworth reports Q4 net loss $1M; adjusted operating income $15M, LTC loss $104M
GENWORTH FINANCIAL INC
2024-FY EPS reported
$0.68
revenue$7,295,000,000
- Adjusted operating income $15M ($0.04/diluted share); GAAP net loss $1M driven by LTC results.
- Enact segment adjusted operating income $137M; distributed $84M capital returns to Genworth in Q4.
- LTC adjusted operating loss $104M; liability remeasurement loss $117M from adverse experience and assumption updates.
- Executed $51M in share repurchases in Q4 at avg $7.32; $186M in 2024; $565M program-to-date through Feb 14.
- Holding company cash & liquid assets $294M; repurchased $31M principal of holding company debt at a discount.