NYSE$GNW
Genworth Financial Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Genworth's financial performance was impacted by losses in LTC and Life and Annuities, which included annual assumption updates, but was partially offset by Enact's strong operating performance.
Genworth Financial reported a net loss of $212 million and an adjusted operating loss of $230 million for Q4 2023. The company executed $35 million in share repurchases during the quarter and received $128 million in capital returns from Enact. Annual assumption updates had unfavorable impacts in life insurance and LTC, totaling $227 million.
- Executed $35M in share repurchases in the quarter.
- Reduced the estimated remaining amount left to achieve in Long-Term Care Insurance (LTC) multi-year rate action plan (MYRAP) by $1.5B to approximately $5B.
- Achieved $127M of gross incremental premium approved in fourth quarter in the MYRAP.
- Received $128M in capital returns from Enact.
Headline financials
Revenue & EPS history
Genworth · Revenue · Quarterly
$1.48B
Forward guidance
The company is well positioned with financial flexibility and a clear strategy to drive shareholder value in 2024 and beyond.
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 2023
-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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