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Genworth Financial Inc (GNW)
NYSE:GNW
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.19Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 18, 2025
|% Change Since: -9.43%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements such as debt reduction, Enact's strong performance, and expansion of the CareScout network, which were offset by challenges like the fourth-quarter net loss and losses in the long-term care segment. The sentiment leans slightly positive due to the strategic accomplishments and future growth potential.Company Guidance
During Genworth Financial's fourth-quarter 2024 earnings call, the company provided several key financial metrics and strategic insights. Genworth reported a net loss of $1 million for the fourth quarter, with an adjusted operating income of $15 million, largely driven by Enact, which contributed $137 million. For the full year, Genworth's net income was $299 million, or $0.68 per share, with an adjusted operating income of $273 million. Enact's performance was strong, providing a record $585 million to adjusted operating income. The company achieved a total estimated pretax statutory loss of $33 million for its U.S. life insurance companies in the fourth quarter, while generating a statutory pretax income of $378 million for the full year. Genworth continued its debt reduction journey, reducing holding company debt to $790 million by the end of 2024. The company also highlighted progress in its multiyear rate action plan (MYRAP), achieving 87% of its total projected value, contributing $31.2 billion in net present value to its legacy business since 2012. Additionally, Genworth has invested $565 million in share repurchases since May 2022, reducing outstanding shares by 18%. The CareScout Quality Network expanded significantly, achieving 86% coverage of the U.S. aged 65-plus population by the end of 2024, with nearly 500 providers in the network. Genworth plans to invest $75 million in CareScout Insurance Company later in 2025, aiming to drive future growth and shareholder value.Debt Reduction Achievement
Genworth reduced its holding company debt to $790 million by the end of 2024, down from $856 million at the end of 2023 and significantly down from $4.2 billion in 2013.
Enact's Strong Performance
Enact contributed $137 million to Genworth's fourth-quarter adjusted operating income and $585 million for the full year, marking a record performance.
Share Repurchase Program Success
Genworth reduced its outstanding shares by 18% since May 2022, spending $565 million on share repurchases.
CareScout Network Expansion
CareScout Quality Network expanded to cover 86% of the aged 65-plus U.S. population, reaching nearly 500 providers by the end of 2024.
MYRAP Progress
The net present value of the MYRAP increased by $3.2 billion in 2024, achieving 87% of the MYRAP's total projected value.
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GNW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 18, 2025 | $7.32 | $6.74 | -7.92% |
| Nov 06, 2024 | $7.14 | $7.02 | -1.68% |
| Jul 31, 2024 | $6.77 | $6.59 | -2.66% |
| May 01, 2024 | $6.07 | $6.46 | +6.43% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Genworth Financial Inc (GNW) report earnings?
Genworth Financial Inc (GNW) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Genworth Financial Inc (GNW) earnings time?
Genworth Financial Inc (GNW) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GNW EPS forecast?
GNW EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
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