NYSE$GNW

Genworth Financial Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Genworth's Q4 2022 earnings were announced, revealing a net income of $175 million and adjusted operating income of $167 million.

Genworth Financial reported a net income of $175 million and an adjusted operating income of $167 million for the fourth quarter of 2022. The company's Enact segment and U.S. Life Insurance segment contributed significantly to the overall performance. Genworth also executed $30 million in share repurchases during the quarter.

  • Net income was $175 million, or $0.35 per diluted share, compared to $163 million, or $0.32 per diluted share, in Q4 2021.
  • Adjusted operating income was $167 million, or $0.33 per diluted share, compared to $164 million, or $0.32 per diluted share, in Q4 2021.
  • Enact segment adjusted operating income was $120 million.
  • U.S. Life Insurance segment adjusted operating income was $38 million.

Headline financials

Total Revenue

$1.9B

Previous: $1.74B+9.2%
EPS (adj)

$0.33

Previous: $0.32+3.1%
Holding Co. Cash

$307M

Previous: $356M-13.8%
Net Income

$175M

Previous: $163M+7.4%
Operating Income

$167M

Previous: $164M+1.8%
Gross Profit

$1.9B

Previous: $1.74B+9.2%
Cash & Equivalents

$307M

Previous: $356M-13.8%
Total Assets

$89.7B

Previous: $356M+25100.6%
Stock-Based Comp

$8M

Previous: $8M+0.0%

Revenue & EPS history

Genworth · Revenue · Quarterly

$1.9B

Q4 2022+9.2%vs Q4 2021
Beat estimate in 0 of 7 quarters(0%)
ActualEstimate

Forward guidance

Genworth delivered strong earnings in the fourth quarter and for the full year. The company's accomplishments in 2022 have improved its financial strength and allowed it to enter 2023 with enhanced flexibility for investments in future growth and capital return to shareholders.

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 2022

Historical avgQ4 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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