GNW - Genworth Financial Non-GAAP EPS of $0.33 beats by $0.10 revenue of $1.9B
- Genworth Financial press release ( NYSE: GNW ): Q4 Non-GAAP EPS of $0.33 beats by $0.10 .
- Revenue of $1.9B (+9.2% Y/Y).
- Enact segment fourth quarter adjusted operating income of $120 million, with 10 percent annual growth in primary insurance in-force
- Received $168 million capital returns from Enact in the fourth quarter, including $148 million special dividend
- U.S. Life Insurance segment fourth quarter adjusted operating income of $38 million
- Continued progress against long-term care insurance multi-year rate action plan, with approximately $23.5 billion net present value from achieved LTC rate actions since 2012.
- U.S. life insurance companies’ risk-based capital ratio 1 estimated at 290 percent
- Genworth holding company cash and liquid assets of $307 million at year-end
- Executed $30 million in share repurchases in the quarter; $64 million in total executed through December 2022.
- Shares +0.18% .
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Genworth Financial Non-GAAP EPS of $0.33 beats by $0.10, revenue of $1.9B