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Genworth 1Q25 Earning Summary Presentation
LatestNews
Genworth Financial Announces Results of Annual Meeting
Genworth Financial Announces First Quarter 2025 Results
2024 Sustainability Report
View ReportUpcoming Event
Q2 2025 Genworth Earnings Conference Call
LatestFinancial Results
Q1 2025
Quarter Ended Mar 31, 2025
Latest Annual Filing
For Fiscal Year Ending Dec 31, 2024
Report Links
$54M
Net income1 of $54M, or $0.13 per diluted share, and adjusted operating income1,2 of $51M, or $0.122 per diluted share, driven by Enact adjusted operating income of $137M1
~$31.3B
Continued progress on the LTC3 multi-year rate action plan with $24M of gross incremental premium approvals; approximately $31.3B4 estimated net present value achieved since 2012
34% Increase
34% increase in matches5 from 4Q24; CareScout Quality Network (CQN) growth with 10% increase in nationwide home care providers from 4Q24
$76M
$76M capital returns received from Enact, with $979M since Enact’s IPO6
59.3%
59.3% cumulative benefit reduction rate in LTC
23 Jurisdictions
Inaugural LTC product approved in April by the Interstate Insurance Product Regulation Commission (Compact), including 23 jurisdictions
$45M
$45M in share repurchases executed in 1Q, with $590M executed program-to-date through March 31, 2025
304%
U.S. life insurance companies’ RBC7 ratio of 304%8 reflects higher required capital as the limited partnership portfolio grows
$211M
Genworth holding company cash and liquid assets of $211M9 at quarter-end
Source: Q1 2025 Earnings Press Release
For complete information regarding our financials, see our periodic filings.
1. All references reflect amounts available to Genworth’s common stockholders.
2. 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 Q1 2025 Earnings Release for additional information.
3. Long-term care insurance
4. Estimated value of rate actions since 2012 through March 31, 2025.
5. Match is defined as a CareScout member who has received services from a provider in the CareScout network.
6. Initial public offering.
7. Risk-based capital ratio based on company action level for Genworth Life Insurance Company (GLIC) consolidated.
8. Estimate for the first quarter of 2025 due to timing of the preparation and filing of the statutory financial statement(s)
9. Includes approximately $98M of advance cash payments from the company’s subsidiaries held for future obligations.
GenworthAt a Glance
2004
Completed IPO
$7.3B
Annual 2024 Revenue
$58B
Invested Assets at Year-end 2024
$273M
2024 Adjusted Operating Income
Fortune 500
Insurance Holding Company Listed on NYSE (GNW)
Richmond, VA
Headquarters Location
~2,960
Employees
As of Dec. 31, 2024 • 10-K 2024
For complete information regarding our financials, see our periodic filings.
Delivering Solid Financial Results
Adjusted Operating Income*
(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.
Net Income
(In millions)
As of Dec. 31, 2024 • 10-K 2024
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 sustainability efforts.
Explore our Sustainability EffortsIR Contacts
Corporate Office
Genworth Financial, Inc.
11011 West Broad Street
Glen Allen, VA 23060
United States
T: 804-281-6000
Investor Relations
Christine Jewell
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