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Genworth 4Q23 Earning Summary Presentation
Genworth 4Q23 Earning Summary Presentation
Q1 2024 Genworth Earnings Conference Call
Fiscal Year Ended December 31, 2023
Strategic Highlights
$35M in share repurchases in the quarter; $384M in total executed through February 13, 2024, at an average price of $5.33 per share with approximately 443M shares outstanding
Significant progress on Long-Term Care Insurance (LTC) multi-year rate action plan (MYRAP), reducing the estimated remaining amount left to achieve by $1.5B to approximately $5B
Achieved $127M of gross incremental premium approved in fourth quarter in the MYRAP, $28B net present value achieved from in-force rate actions (IFAs) since 2012
Financial Highlights
Net loss of $212M, or $0.47 per diluted share, and adjusted operating loss* of $230M, or $0.51 per diluted share
Completed annual assumption updates with unfavorable impacts in life insurance and LTC of $227M, or $0.50 per diluted share
U.S. life insurance companies’ statutory pre-tax income of $148M and RBC ratio of 303%
Genworth holding company cash and liquid assets of $350M at year-end
Source: Q4 2023 Earnings Press Release
For complete information regarding our financials, see our periodic filings.
* Non-GAAP financial measure. View full reconciliation in our Q4 earnings press release.
For Fiscal Year Ending Dec 31, 2023
Completed IPO
Annual 2023 Revenue
Invested Assets at Year-end 2023
2023 Adjusted Operating Income
Insurance Holding Company Listed on NYSE ($GNW)
Headquarters Location
Employees
As of Dec. 31, 2023 • 10-K 2023
For complete information regarding our financials, see our periodic filings.
(In millions)
As of Dec. 31, 2023 • 10-K 2023
For complete information regarding our financials, see our periodic filings.
*Adjusted Operating Income is a Non-GAAP measure. View full reconciliation in our 2023 10-K.
(In millions)
As of Dec. 31, 2023 • 10-K 2023
For complete information regarding our financials, see our periodic filings.
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Genworth Financial, Inc.
6620 West Broad Street
Richmond, VA 23230
United States
T: 804-281-6000
Sarah E. Crews
Head of Investor Relations
6620 West Broad Street
Richmond, VA 23230
United States
InvestorInfo@genworth.com
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