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GNW — Genworth Financial News Story

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Brief: Genworth Financial Q2 EPS USD 0.12

Overview

Genworth Q2 net income at $51 mln compared with $76 mln year ago, adjusted operating income at $68 mln

Company repurchased $30 mln shares in Q2, $620 mln since inception

Result Drivers

ENACT PERFORMANCE - Strong operating performance from Enact contributed to capital returns and supported share repurchase program

CARESCOUT EXPANSION - CareScout launched Care Plans and expanded its network coverage, reaching consumers in all 50 states

LTC PREMIUM INCREASES - Premiums in the LTC segment increased due to in-force rate actions, partially offset by policy terminations

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 EPS$0.12
Q2 Net Income$51 mln
Q2 Adjusted Operating Income$68 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the multiline insurance & brokers peer group is "buy" Wall Street's median 12-month price target for Genworth Financial Inc is $9.50, about 15.8% above its July 29 closing price of $8.00 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago Press Release: ID:nBw221kdMa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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