Genworth reports Q4 adjusted EPS (51c) vs 67c last year

Reports Q4 revenue $1.911B vs $1.867B last year. “I’m proud of Genworth’s progress against our strategic priorities in 2023,” said Tom McInerney, President & CEO. “We successfully improved the financial condition of our legacy LTC business through our multi-year rate action plan, launched the innovative CareScout Quality Network, and returned $295 million of capital to shareholders. Enact continued to deliver strong performance, generating $552 million in adjusted operating income and $245 million in cash flows to Genworth for the full year. Looking ahead, we are well positioned with financial flexibility and a clear strategy to drive shareholder value in 2024 and beyond.”