NYSE$GNW
Genworth Financial Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Genworth reported net income of $267 million and adjusted operating income of $173 million.
Genworth Financial reported a strong fourth quarter with net income of $267 million and adjusted operating income of $173 million. The company is focused on executing its contingency plan to raise liquidity and maximize shareholder value, including preparing for a potential IPO of its U.S. MI business.
- Genworth reported fourth quarter net income of $267 million, or $0.52 per diluted share.
- Adjusted operating income for the fourth quarter was $173 million, or $0.34 per diluted share.
- The company is focused on a potential partial initial public offering (IPO) of its U.S. MI business.
- Genworth made progress on its MYRAP in 2020, receiving approvals on $344 million of incremental annual premium increases.
Headline financials
Revenue & EPS history
Genworth · Revenue · Quarterly
$2.26B
Forward guidance
Genworth is focused on its contingency plan to raise liquidity, including a potential IPO of its U.S. MI business. The company is also streamlining its cost structure and managing its U.S. life insurance companies on a standalone basis.
Tailwinds
- Potential IPO of the U.S. MI business
- Streamlining cost structure
- Paying February debt obligation
- Strong progress on MYRAP
- Focus on contingency plan to strengthen financial position
Headwinds
- Uncertainty in current operating environment
- Merger agreement with Oceanwide not extended
- Potential termination of merger agreement
- Need to re-engage with regulators if Oceanwide secures funding
- Continued reliance on consolidated statutory capital for U.S. life insurance businesses
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 Q4 2020
-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
| Quarter | Report date | Reaction (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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