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Genworth(GNW) - 2025 Q3 - Earnings Call Presentation
2025-11-06 15:00
Financial Performance - Genworth reported net income of $116 million, or $0.28 per diluted share, and adjusted operating income of $17 million, or $0.042 per diluted share[12] - Enact reported adjusted operating income of $134 million and distributed $110 million in capital returns to Genworth[12] - U S life insurance companies' RBC ratio was 303%, a slight decrease from the prior quarter[12] - Genworth holding company cash and liquid assets totaled $254 million at quarter-end[12] Strategic Progress - Enact has provided $1 12 billion in capital returns since its IPO[16] - The company executed $76 million in share repurchases in 3Q and $696 million program-to-date through September 30, 2025[16] - Long-Term Care(LTC) in-force rate actions(IFAs) have achieved an estimated net present value(NPV) of ~$31 8 billion since 2012[16] - Gross incremental LTC premium approvals in 3Q totaled $44 million[16] CareScout Growth - CareScout Quality Network(CQN) continued to grow, with 950 matches in 3Q[16] - CareScout acquired Seniorly in October, accelerating growth into senior living communities[16] - The cumulative benefit reduction rate in LTC is 60 5%[16]
Genworth(GNW) - 2025 Q1 - Earnings Call Presentation
2025-04-30 22:23
Financial Performance - Genworth reported net income of $54 million, or $0.13 per diluted share, and adjusted operating income of $51 million, or $0.12 per diluted share[12] - Enact reported adjusted operating income of $137 million and distributed $76 million in capital returns to Genworth[12] - U S life insurance companies' RBC ratio was 304%[12] - Genworth holding company cash and liquid assets totaled $211 million at quarter-end[12] Strategic Progress - Enact has provided $76 million in capital returns, with $979 million since its IPO[16] - The company executed $45 million in share repurchases in 1Q[16] - Estimated net present value of $31 3 billion achieved from LTC IFAs since 2012[16] - $24 million of gross incremental LTC premium approvals were obtained[16] CareScout Update - CareScout Quality Network achieved 90% coverage and 576 matches in 1Q[16] - CareScout is targeting 2,500 matches in 2025[21] Enact Segment - Enact's primary insurance in force (IIF) was $268 billion[31] - Enact's earned premiums were $245 million[33] - Enact's estimated PMIERs sufficiency ratio was 165%, $1,966 million above requirements[40]