Quarterly ResultMay 5, 2026, 04:24 PM
Genworth Q1 Net Income $47M; Adjusted Operating Income $109M
AI Summary
Genworth Financial reported Q1 2026 net income of $47 million, or $0.12 per diluted share, and adjusted operating income, excluding Closed Block, of $109 million, or $0.28 per diluted share. The company repurchased $66 million of shares during the quarter, contributing to $856 million in buybacks since the program's inception. Enact, a key subsidiary, reported strong operating income and increased its quarterly dividend to $0.24 per share, while CareScout continued to expand its services.
Key Highlights
- Net income was $47 million, or $0.12 per diluted share, for Q1 2026.
- Adjusted operating income, excluding Closed Block, was $109 million, or $0.28 per diluted share.
- Enact reported adjusted operating income of $140 million, maintaining a PMIERs sufficiency ratio of 162%.
- Genworth repurchased $66 million of shares in the quarter, totaling $856 million since program inception.
- Enact increased its quarterly dividend to $0.24 per share, payable in June 2026.
- Holding company cash and liquid assets were $166 million at quarter-end.
- Legacy insurance companies' RBC ratio was 289%, down from 300% in the prior quarter.
- CareScout delivered 1,486 matches, achieving 97% home care coverage of the aged 65-plus population.