10-K · February 27, 2026
Genworth repositioned around two reportable segments (Enact and Closed Block) and is investing in CareScout while returning capital to shareholders: Enact returned $407 million to Genworth Holdings in 2025 and the…
Earnings analysis · 10-Q
GNW earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Genworth Financial reported Q1 2026 results with increased total revenue of $1.78B and EPS of $0.28, both exceeding expectations. The Enact segment showed strong growth with a 30% increase in new insurance written,…
Read full summary
Genworth Financial reported Q1 2026 results with increased total revenue of $1.78B and EPS of $0.28, both exceeding expectations. The Enact segment showed strong growth with a 30% increase in new insurance written, while overall operating income fell slightly compared to the previous year. The balance sheet showed a reduction in cash and a marginal increase in assets, underscoring ongoing strategic investments in CareScout services.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.28
- Segment
- Enact
- Segment
- Closed Block
What stood out
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Revenue Growth
Total revenue for Q1 2026 was $1.78B, a slight decrease from $1.79B in Q4 2025, driven primarily by favorable Enact segment performance.
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Positive EPS Surprise
EPS for Q1 2026 was $0.28, exceeding the estimated $0.20.
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Strong Enact Growth
New insurance written increased 30% year-over-year to $12.79B in Q1 2026.
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Increased Net Investment Income
Net investment income rose to $766M, up 4% from Q1 2025.
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Share Repurchase Program
Genworth Financial repurchased $66M of its shares in Q1 2026, maintaining shareholder value.
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Stable Risk-to-Capital Ratio
Enact's risk-to-capital ratio improved to 10.0:1, well below the maximum threshold.
What to watch
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Lower Operating Income
Operating income decreased to $80M in Q1 2026 from $90M in Q1 2025, mainly due to increased claim expenses.
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Investment Losses
Net investment losses for Q1 2026 were reported at $(26)M, significantly down from gains of $27M in Q1 2025.
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Regulatory Headwinds
Changes in PMIERs could impact capital sufficiency in Enact's future operational performance.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-Q · November 6, 2025
Genworth reported Q3 2025 total revenues of $1,935 million, up $55 million (from $1,880 million) year-over-year, with income from continuing operations before income taxes of $164 million. Net income available to common…
10-Q · July 31, 2025
Genworth reported quarterly revenues of $1,796 million (up $27 million vs Q2 2024) while income from continuing operations fell to $90 million (versus $111 million in Q2 2024), driving net income to $83 million (vs $110…
10-Q · May 2, 2025
Genworth reported Q1 2025 total revenues of $1,786 million, down $78 million (−4.2%) from $1,864 million in Q1 2024, and diluted EPS to common shareholders declined to $0.13 (from $0.31). Operating profitability…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.