Genworth Financial reported third‑quarter 2025 results that included a net income of $116 million and earnings per share of $0.28, up 36 % year‑over‑year from $85 million and $0.19, respectively. Total revenue reached $1.94 billion, a 3 % increase from the $1.89 billion reported in Q3 2024, while adjusted revenue rose to $1.78 billion, reflecting a modest 2 % gain driven by higher mortgage‑insurance premiums and investment income.
The company’s adjusted operating income fell to $17 million, a sharp decline from $68 million in Q2 2025 and $48 million in Q3 2024. The drop is largely attributable to a $100 million operating loss in the legacy long‑term‑care block, which offset the $134 million contribution from the Enact mortgage‑insurance subsidiary. Enact also returned $110 million in capital to Genworth, underscoring its role as a cash‑generating engine that supports share‑repurchase and growth initiatives.
Adjusted operating earnings per share of $0.04 missed analyst consensus estimates of $0.05 to $0.11, indicating that the company’s core operating performance lagged expectations. The miss reflects the combined impact of the long‑term‑care loss and a shift in the mix toward lower‑margin segments, despite Enact’s strong contribution. Management noted that the company is focusing on cost discipline and strategic investments to improve operating leverage in the coming quarters.
Genworth authorized a new $350 million share‑repurchase program, reinforcing its commitment to returning capital to shareholders. The company also highlighted continued capital returns from Enact, which will fund the CareScout growth engine, including the recent acquisition of Seniorly and the launch of Care Assurance. These initiatives signal a strategic pivot toward high‑margin, technology‑enabled senior‑care services.
CEO Tom McInerney emphasized that the quarter’s results demonstrate progress in strengthening the company’s balance sheet and supporting shareholder value. He noted that Enact’s cash flow will enable further investment in CareScout and that the share‑repurchase program reflects confidence in the company’s long‑term prospects. Investors responded favorably, citing the robust net income, strategic initiatives, and capital‑return plan as key drivers of the positive market reaction.
The results suggest that while Genworth’s core operating performance faced headwinds from legacy liabilities, its diversified portfolio and strategic focus on high‑growth segments position the company for sustained value creation. The company’s guidance for the remainder of the year remains unchanged, indicating confidence in maintaining profitability amid ongoing market challenges.
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