Latest Presentation
Genworth 4Q24 Earning Summary Presentation
Genworth 4Q24 Earning Summary Presentation
Q1 2025 Genworth Earnings Conference Call
Fiscal Year Ended December 31, 2024
Expanded the CareScout Quality Network to all 50 states, covering over 86% of the aged 65-plus census population in the United States
Continued progress on the LTC1 multi-year rate action plan with $40M of gross incremental premium approvals; approximately $31.2B2 estimated net present value achieved from in-force rate actions (IFAs)
Executed $51M in share repurchases in the quarter; $186M executed in 2024 at an average price of $6.52 per share
Executed $565M in share repurchases program-to-date through February 14th at an average price of $5.69 per share
Repurchased $31M in principal of holding company debt at a discount during the quarter
Net income3 of $299M, or $0.68 per diluted share, and adjusted operating income3,4 of $273M, or $0.624 per diluted share in 2024
Net loss3 of $1M and adjusted operating income3,4 of $15M in the fourth quarter
Enact reported adjusted operating income of $137M3 in the fourth quarter; distributed $84M in capital returns to Genworth
Completed annual assumption updates with unfavorable impacts to adjusted operating income (loss) in LTC and Life and Annuities of $52M
U.S. life insurance companies’ RBC5 ratio of 306%6 reflects strong statutory pre-tax income of $378M6 in 2024 and an increase in the value of the limited partnership portfolio, partially offset by higher required capital as the portfolio grows
Genworth holding company cash and liquid assets of $294M7 at quarter-end
Source: Q4 2024 Earnings Press Release
For complete information regarding our financials, see our periodic filings.
1. Long-term care insurance.
2. Estimated value of rate actions since 2012 through December 31, 2024.
3. All references reflect amounts available to Genworth’s common stockholders.
4. This is a financial measure that is not calculated based on U.S. Generally Accepted Accounting Principles (GAAP). See the Use of Non-GAAP Measures section of this press release for additional information.
5. Risk-based capital ratio based on company action level for Genworth Life Insurance Company (GLIC) consolidated.
6. Company estimate for the fourth quarter of 2024 due to timing of the preparation and filing of the statutory financial statement(s).
7. Includes approximately $186 million of advance cash payments from the company’s subsidiaries held for future obligations as of December 31, 2024
For Fiscal Year Ending Dec 31, 2024
Completed IPO
Annual 2024 Revenue
Invested Assets at Year-end 2024
2024 Adjusted Operating Income
Insurance Holding Company Listed on NYSE (GNW)
Headquarters Location
Employees
As of Dec. 31, 2024 • 10-K 2024
For complete information regarding our financials, see our periodic filings.
(In millions)
As of Dec. 31, 2024 • 10-K 2024
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, 2024 • 10-K 2024
For complete information regarding our financials, see our periodic filings.
Genworth services support elderly Americans and their caretakers and we extend that support through our sustainable business practices and sustainability efforts.
Explore our Sustainability Efforts
Genworth Financial, Inc.
11011 West Broad Street
Glen Allen, VA 23060
United States
T: 804-281-6000
Brian Johnson
Head of Investor Relations
11011 West Broad Street
Glen Allen, VA 23060
United States
InvestorInfo@genworth.com
Computershare
P.O. BOX 43006
Providence, RI 02940
United States
T: 866-229-8413
http://www.computershare.com/investor