Investor Relations

Q3 2024 Genworth Earnings Conference Call

November 7, 2024 9:00 AM ET

LatestNews

Genworth Financial Announces Third Quarter 2024 Results

View Press Release

Genworth Financial Schedules Earnings Conference Call for November 7

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Genworth Financial Announces Second Quarter 2024 Results

View Press Release

2023 Sustainability Report

View Report

Latest Presentation

Genworth 3Q24 Earning Summary Presentation

Upcoming Event

Q3 2024 Genworth Earnings Conference Call

LatestFinancial Results

Q3 2024

Quarter Ended September 30, 2024

$124M

Continued progress on the LTC1 multi-year rate action plan (MYRAP) with $124M of gross incremental premium approvals; approximately $30B estimated net present value achieved from in-force rate actions (IFAs) since 2012

49 States

Expanded the CareScout Quality Network to 49 states through October, covering over 75% of the aged 65-plus Census population in the United States; on track to achieve 80% to 85% coverage by year-end

$36M

Executed $36M in share repurchases in the quarter; $144M executed year-to-date through October at an average price of $6.29 per share

$17M

Repurchased $17M in principal of holding company debt at a discount

$85M

Net income2 of $85M, or $0.19 per diluted share, and adjusted operating income2,3 of $48M, or $0.11 per diluted share

$148M

Enact reported adjusted operating income of $148M2; distributed $81M in capital returns to Genworth

317%

U.S. life insurance companies' RBC4 ratio of 317%5 reflects strong year-to-date statutory pre-tax income

$369M

Genworth holding company cash and liquid assets of $369M6 at quarter-end


Source: Q3 2024 Earnings Press Release
For complete information regarding our financials, see our periodic filings.


1. Long-term care insurance.
2. All references reflect amounts available to Genworth’s common stockholders.
3. 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 the press release for additional information.
4. Risk-based capital ratio based on company action level for Genworth Life Insurance Company (GLIC) consolidated.
5. Company estimate for the third quarter of 2024 due to timing of the preparation and filing of the statutory financial statement filing(s).
6. Includes approximately $162 million of advance cash payments from the company’s subsidiaries held for future obligations.

Latest Annual Filing

For Fiscal Year Ending Dec 31, 2023

GenworthAt a Glance

2004

Completed IPO

$7.5B

Annual 2023 Revenue

$60B

Invested Assets at Year-end 2023

$41M

2023 Adjusted Operating Income

Fortune 500

Insurance Holding Company Listed on NYSE (GNW)

Richmond, VA

Headquarters Location

~2,700

Employees

As of Dec. 31, 2023 • 10-K 2023
For complete information regarding our financials, see our periodic filings.

Delivering Solid Financial Results

Adjusted Operating Income*

(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.

View Reconciliation

Net Income

(In millions)

As of Dec. 31, 2023 • 10-K 2023
For complete information regarding our financials, see our periodic filings.

Caring for Our World, Our Neighbors, and Ourselves

Genworth services support elderly Americans and their caretakers and we extend that support through our sustainable business practices and ESG efforts.

Explore our ESG Efforts

IR Contacts

Corporate Office

Genworth Financial, Inc.
11011 West Broad Street
Glen Allen, VA 23060
United States
T: 804-281-6000

Investor Relations

Brian Johnson
Head of Investor Relations
11011 West Broad Street
Glen Allen, VA 23060
United States
InvestorInfo@genworth.com

Transfer Agent

Computershare
P.O. BOX 43006
Providence, RI 02940
United States
T: 866-229-8413
http://www.computershare.com/investor