Genworth Financial Q3 net income rises

Genworth Financial

05/11/2025 22:39

Overview

Genworth Q3 net income increases to $116 mln, adjusted operating income declines

Company announces new $350 mln share repurchase program, $76 mln executed in Q3

Genworth expands CareScout with Seniorly acquisition and new LTC product launch

Outlook

Genworth announces new $350 mln share repurchase program

Company remains focused on delivering value to shareholders

Genworth expands CareScout with acquisition of Seniorly

Result Drivers

CARESCOUT EXPANSION - Acquisition of Seniorly and launch of new LTC product expanded CareScout's reach

SHARE REPURCHASES - Genworth executed $76 mln in share repurchases as part of new $350 mln program

ENACT CASH FLOWS - Strong cash flows from Enact supported capital returns and shareholder value

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.28
Q3 Net Income
$116 mln
Q3 Adjusted Operating Income
$17 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

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 $10.00, about 14.7% above its November 4 closing price of $8.53

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nBw76dGyYa

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(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.)