Genworth(US:GNW)2025-02-19 14:15Financial Performance - Genworth reported a net loss of $1 million and adjusted operating income of $15 million in 4Q24[9] - Enact's adjusted operating income was $137 million in 4Q24, with $84 million returned to Genworth as capital[9] - Unfavorable assumption updates in LTC and Life and Annuities negatively impacted adjusted operating income by $52 million[9] - For the full year 2024, Genworth's adjusted operating income was $273 million, compared to $41 million in 2023[27] Capital Management and Shareholder Value - Genworth has received over $900 million in capital returns from Enact since its IPO[10] - The company executed $51 million in share repurchases during 4Q24, bringing the program-to-date total to $565 million through February 14, 2025, at an average price of $569 per share[10] - $31 million in principal of holding company debt was repurchased at a discount during the quarter[10] - Genworth holding company cash and liquid assets were $294 million at the end of 4Q24[9] Long-Term Care (LTC) Insurance - The company achieved $21 billion estimated net present value (NPV) of approvals and legal settlements in 2024 related to its LTC multi-year rate action plan (MYRAP)[10] - Approximately $312 billion estimated NPV has been achieved from in-force rate actions (IFAs) since 2012[10] - U S life insurance companies' RBC ratio was 306%[9]