GENWORTH FINANCIAL INC Q1 FY26 Results

Summary

Genworth Financial, Inc. reported its first quarter 2026 results, with a net income of $47 million, or $0.12 per diluted share. Adjusted operating income, excluding Closed Block, was $109 million, or $0.28 per diluted share. Enact's strong cash generation supported capital returns to shareholders. The company continued to build the CareScout platform and enhanced the self-sustainability of the Closed Block.

Key Highlights

1. 1

   Genworth Financial reported a net income of $47 million, or $0.12 per diluted share, for the first quarter of 2026.

2. 2

   Adjusted operating income, excluding Closed Block, was $109 million, or $0.28 per diluted share in Q1 2026.

3. 3

   Enact reported an adjusted operating income of $140 million for the quarter, with a PMIERs sufficiency ratio remaining strong at 162%.

4. 4

   The company received $99 million in capital returns from Enact during the quarter.

5. 5

   Genworth repurchased $66 million of shares in the quarter, bringing the total to $856 million since the program's inception as of March 31, 2026.

6. 6

   CareScout delivered 1,486 matches in the quarter, achieving 97% home care coverage of the aged 65-plus census population in the United States.

7. 7

   Genworth holding company cash and liquid assets totaled $166 million at quarter-end.