Quarterly ResultAug 5, 2026, 04:24 PM
Genworth Financial Q2 Net Income $47M, Adj. Op. Income $112M, EPS $0.12
AI Summary
Genworth Financial reported Q2 2026 net income of $47 million, or $0.12 per diluted share, and adjusted operating income, excluding Closed Block, of $112 million, or $0.29 per diluted share. The results were driven by strong operating performance from Enact, which contributed $143 million in adjusted operating income and provided $103 million in capital returns. The company also repurchased $62 million of shares during the quarter, bringing the total to $918 million since the program's inception. Strategic progress was noted with CareScout's expansion and the upcoming launch of Care Assurance Worksite.
Key Highlights
- Net income was $47 million, or $0.12 per diluted share, for Q2 2026.
- Adjusted operating income, excluding Closed Block, was $112 million, or $0.29 per diluted share.
- Repurchased $62 million of shares in Q2; $918 million since program inception.
- Enact generated $143 million in adjusted operating income and $103 million in capital returns.
- CareScout delivered 1,459 matches; Care Assurance Worksite ready for Q3 launch.
- Legacy insurance companies' RBC ratio was 286%.
- Holding company cash and liquid assets stood at $215 million at quarter-end.
- Closed Block reported an adjusted operating loss of $(110) million.
Price Impact
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