NYSE$GNW

Genworth Financial Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Genworth reported a strong performance in Q2 2022, driven by Enact segment and solid long-term care insurance.

Genworth Financial reported a net income of $181 million and adjusted operating income of $176 million for the second quarter of 2022. The company's performance was driven by the Enact segment and solid long-term care insurance performance. Genworth also executed $30 million in share repurchases and received a two-notch credit rating upgrade from Moody's Investors Service.

  • Net income was $181 million and adjusted operating income was $176 million.
  • Enact segment adjusted operating income was $167 million, with nine percent annual growth in insurance in-force and strong loss performance.
  • U.S. Life Insurance segment adjusted operating income was $21 million, driven by solid long-term care insurance and fixed annuity performance.
  • The company executed $30 million in share repurchases through July 2022.

Headline financials

Total Revenue

$1.88B

Previous: $2.04B-7.8%
EPS (adj)

$0.34

Previous: $0.38-10.5%
Adjusted Operating Income

$176M

Previous: $194M-9.3%
Holding Co. Cash

$228M

Previous: $842M-72.9%
Free Cash Flow

$181M

Previous: $240M-24.6%
Net Income

$181M

Previous: $240M-24.6%
Operating Income

$176M

Previous: $194M-9.3%
Gross Profit

$840M

Previous: $753M+11.6%
Cash & Equivalents

$228M

Previous: $75.8B-99.7%
Total Assets

$89.1B

Previous: $101B-11.5%
Stock-Based Comp

$10M

Previous: $14M-28.6%

Revenue & EPS history

Genworth · Revenue · Quarterly

$1.88B

Q2 2022-7.8%vs Q2 2021
Beat estimate in 0 of 7 quarters(0%)
ActualEstimate

Forward guidance

Genworth will continue to balance debt reduction, investments in growth and capital return to shareholders, while proactively managing our legacy LTC portfolio.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-1.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+3.1%

Avg return

30 days after

47%

34 / 72 earnings

Positive

+25.4%

Q2 2016

Best reaction

-37.7%

Q3 2014

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.4%+2.1%-2.5%
Q4 2025+2.6%+1.7%+0.1%
Q3 2025+0.2%-0.9%+1.1%
Q1 2025-1.0%+0.1%+2.8%
Q4 2024-7.9%+1.0%-9.0%
Q3 2024+7.0%+9.9%+14.3%
Q2 2024-3.2%-9.5%+2.5%
Q1 2024+8.9%+12.3%+6.1%
Q4 2023-2.8%+0.0%+2.8%
Q3 2023-9.5%-7.9%+2.6%
Q2 2023+0.8%-3.1%-10.5%
Q1 2023-13.5%-4.4%+3.3%
Q4 2022-5.2%+3.0%+6.6%
Q3 2022+1.7%-2.4%+8.4%
Q2 2022-1.6%-0.7%-0.7%
Q1 2022+11.1%+9.2%+10.0%
Q4 2021+1.5%+1.3%+3.6%
Q3 2021-1.1%-0.7%-9.8%
Q2 2021+0.6%+7.5%+11.3%
Q1 2021-1.8%-2.5%-4.5%
Q4 2020-18.2%-20.2%-15.3%
Q3 2020+3.7%+4.9%+16.1%
Q2 2020-13.7%-12.0%+1.7%
Q1 2020-10.7%-8.1%-1.2%
Q4 2019-3.2%+18.2%-7.6%
Q3 2019+3.5%+0.0%-4.5%
Q2 2019+2.3%+1.0%+14.6%
Q1 2019-1.3%+0.5%-20.2%
Q4 2018-1.9%-4.4%-21.2%
Q3 2018+1.4%-1.4%+11.8%
Q2 2018+1.7%+0.0%+1.3%
Q1 2018+7.6%+9.4%+24.6%
Q4 2017+2.8%-4.2%+5.9%
Q3 2017+0.9%+1.5%+0.3%
Q2 2017-1.5%-0.3%+0.0%
Q1 2017+1.3%+0.8%-2.4%
Q4 2016-3.1%-2.0%+13.7%
Q3 2016-4.1%-3.6%-1.7%
Q2 2016+25.4%+24.6%+68.2%
Q1 2016+16.3%
Q4 2015-12.1%
Q3 2015-11.2%
Q2 2015-18.9%
Q1 2015+13.1%
Q4 2014+5.7%
Q3 2014-37.7%
Q2 2014-14.3%
Q1 2014+5.1%
Q4 2013+4.4%
Q3 2013-0.2%
Q2 2013-2.2%
Q1 2013+3.3%
Q4 2012-2.7%
Q3 2012+8.8%
Q4 2011+6.6%
Q2 2012-12.2%
Q1 2012+2.2%
Q3 2011-0.4%
Q2 2011-2.6%
Q1 2011+0.3%
Q4 2010+1.1%
Q3 2010-7.9%
Q2 2010-13.4%
Q1 2009-6.8%
Q1 2010+5.7%
Q4 2007-0.3%
Q4 2009-0.3%
Q4 2008-0.3%
Q3 2008+2.4%
Q3 2009+2.4%
Q2 2009-1.7%
Q2 2008-1.7%

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