Genworth Financial Inc (GNW)
NYSE:GNW
Want to see GNW full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.1Last Year’s EPS
0.16Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational performance driven by Enact, significant capital returns ($99 million in Q1 and guidance for $405–450 million from Enact in 2026), active share repurchases, and clear progress scaling CareScout (1,500 matches in Q1, $6 million in Q1 services revenue and a $25 million 2026 target). At the same time, the closed block produced a Q1 adjusted operating loss and management flagged expected A-to-E GAAP losses of ~ $300 million for 2026, holding company liquidity is modest ($166 million) and Enact book value and earned premiums saw small declines. Overall, positive operational and strategic momentum (Enact strength, CareScout growth, disciplined capital returns and risk-reduction progress) outweigh the accounting volatility and liquidity considerations tied to the closed block.Company Guidance
Consolidated Profitability and Core Operating Income
Net income of $47 million for Q1 2026; consolidated adjusted operating income excluding the closed block of $109 million. Enact drove results with adjusted operating income of $140 million and a $39 million pretax reserve release, contributing to an Enact loss ratio of 15%.
Enact Capital Returns and Share Repurchases
Received $99 million of capital returns from Enact in Q1; Enact expects to return ~ $500 million in 2026 and Genworth expects ~$405–450 million (81% ownership). Genworth repurchased $66 million of shares in the quarter (avg $8.61) plus $19 million through April 30; cumulative repurchases of $875 million at an average price of $6.38. Full-year 2026 share repurchase guidance increased to $195–225 million.
CareScout Scaling and Revenue Trajectory
CareScout facilitated ~1,500 matches in Q1 with strong sequential and year-over-year growth; targeting ~7,500 matches in 2026 versus 3,255 in 2025 (~130% increase target year-over-year). Q1 services revenue $6 million with a full-year services revenue target of $25 million in 2026. Network coverage: ~97% of U.S. population aged 65+ for home care; expected CQN by end-2026 of >1,000 home care locations and ~2,000 senior living communities. Planned investment in services of ~$50–55 million in 2026 to scale operations.
Closed Block Long-Term Remediation Progress (MYRAP)
Since 2012, achieved approximately $34.5 billion in net present value through premium increases and benefit reductions. Q1 gross incremental premium approvals of $5 million (with $45 million already achieved in Q2), and multiyear rate action plan expected to contribute ~ $1 billion of economic value (NPV) in 2026 broadly in line with 2025 levels.
Reduced Exposure to Highest-Risk LTC Features
Exposure to 5% compound benefit inflation options decreased to below 36% from 57% in 2014 (a ~21 percentage point reduction). Policies with lifetime benefits decreased to ~11%, and ~61% of policyholders offered a benefit reduction have elected one—demonstrating tangible risk reduction in force.
Conservative Investment Position and Attractive Yields
Investment portfolio is largely investment-grade with new money yields in life companies invested at ~6.3% for the quarter. Alternative assets target ~12% returns; private/middle-market exposure is limited (~1% in middle market loans) and private placements are primarily investment-grade, supporting long-duration liabilities.
Improved Capital Allocation Framework and Guidance
Updated reporting to exclude closed block from consolidated adjusted operating income for clearer alignment to strategic priorities. Maintains disciplined capital priorities: invest in CareScout, return capital via buybacks, and opportunistically retire debt. Holding company cash interest coverage ratio on debt service remains ~9x.
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
GNW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $8.87 | $9.17 | +3.38% |
Feb 23, 2026 | $8.30 | $8.55 | +3.01% |
Jul 30, 2025 | $7.93 | $7.86 | -0.88% |
Apr 30, 2025 | $6.86 | $6.79 | -1.02% |
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.
FAQ
When does Genworth Financial Inc (GNW) report earnings?
Genworth Financial Inc (GNW) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Genworth Financial Inc (GNW) earnings time?
Genworth Financial Inc (GNW) earnings time is at Aug 05, 2026, After Close (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 2026 (Q2) is 0.1.