Genworth Financial Stock Earnings Reports

Genworth reported Q1 2026 net income of $47 million and updated its reporting approach to exclude the Closed Block from consolidated adjusted operating income to better reflect ongoing operations (adjusted operating income excl. Closed Block: $109 million). Enact delivered strong performance (Genworth's share of Enact book value ~$4.3 billion; Enact adjusted operating income to Genworth: $140 million) and provided $99 million of capital returns in Q1; Genworth expects ~$405–450 million from Enact for full-year 2026. Genworth continues share repurchases (year-to-date repurchases and a 2026 buyback target of $195–225 million) and reduced holding company debt to $778 million. CareScout is being scaled as Genworth's long-term growth engine: Q1 CareScout service revenue was $6 million, with a 2026 target of $25 million, planned investment of $50–55 million, and a target of ~7,500 matches in 2026 (including senior living). The Closed Block remains managed as a self-sustaining portfolio; Q1 reported an adjusted operating loss of $32 million with expected full-year A-to-E GAAP losses around $300 million (which management says do not affect cash flows or economic value). Key priorities remain: grow Enact and CareScout, maintain Closed Block sustainability via MYRAP actions, return capital to shareholders, and opportunistically retire debt.