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GNW — Genworth Financial News Story

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Genworth Financial posts Q4 net income of $2 mln

Overview

Insurance provider's Q4 net income was $2 mln

Company executed $94 mln in share repurchases during the quarter

Company closed acquisition of Seniorly, Inc. for $15 mln

Result Drivers

SHARE REPURCHASES - Genworth executed $94 mln in share repurchases in the quarter, contributing to capital allocation strategy

CARESCOUT EXPANSION - CareScout Quality Network delivered 925 matches with home care providers, expanding its coverage

ENACT PERFORMANCE - Enact reported strong adjusted operating income of $146 mln, driven by favorable reserve releases and strong operating performance

Company press release: ID:nBwmnX6Ta

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Revenue$1.78 bln
Q4 Net Income$2 mln
Q4 Adjusted Operating Income$8 mln
Analyst Coverage The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (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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