EarningsQ2 2026 Earnings Report
MX:GNW Q2 2026 EPS Results
Actual EPS$5.31
Consensus EPS$5.12
Beat/MissBeat by +$0.18
One Year Ago EPS$2.93
MX:GNW Q2 2026 Revenue Results
Actual Revenue$32.67B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+2.29%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:GNW Upcoming Earnings
Genworth Financial's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GNW Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of strong execution and clear progress on strategic priorities—notably Enact's robust underwriting results, sizable capital returns, disciplined share repurchases, and tangible CareScout network expansion—while also acknowledging meaningful near-term headwinds from closed-block GAAP losses (A-to-E remeasurements), ongoing CareScout investment burn with matches pacing below target, and constrained holding-company liquidity. Overall, the positives (steady cash generation from Enact, committed capital allocation, and strategic growth investments) offset the acknowledged risks, but the company faces execution and volatility risks in closed-block experience and scaling CareScout.Company Guidance
Strong Enact Performance and Capital Returns
Enact delivered adjusted operating income of $143 million to Genworth in Q2 and returned $103 million of capital to Genworth during the quarter. Enact now expects to return $550–$600 million in 2026 (Genworth share ~ $445–$485 million based on ~81% ownership). Enact's estimated PMIER sufficiency ratio remained strong at 161%, approximately $1.9 billion above requirements.
Solid Consolidated and Segment Earnings (Excluding Closed Block)
Genworth reported net income of $47 million ($0.12 per share) for Q2 and adjusted operating income excluding the closed block of $112 million ($0.29 per share).
Active and Disciplined Share Repurchase Program
Since the initial authorization in May 2022, Genworth repurchased approximately $922 million of shares at an average price of $6.48 through July 31. In Q2 the company repurchased $62 million at an average price of $8.74 per share (plus $4 million in July). Full-year 2026 repurchase guidance was increased to $225–$250 million.
Enact Growth Metrics
Enact wrote $15 billion of new insurance in the quarter; primary insurance in force increased 2% year-over-year to $274 billion. Earned premiums were $245 million in the quarter. A favorable pretax reserve release of $37 million drove a low loss ratio of 14% for Enact.
CareScout Network and Product Expansion
CareScout expanded the network to more than 1.1k home care locations and added senior living communities; the company doubled the number of local advisers with representation in 26 states. A CareScout worksite insurance product is approved and ready for a Q3 launch in at least 34 states.
Rapid Increase in CareScout Matches
CareScout facilitated ~1.45k matches in Q2 and ~2.95k matches in H1 2026 — over double the number of matches in H1 2025 (>100% year-over-year growth).
Progress on Closed-Block Risk Reduction
Since 2012 Genworth has achieved approximately $34.8 billion (NPV) of benefit reductions and premium increases. Exposure to 5% compound inflation options decreased to ~35% (from 57% in 2014) and the percentage of policies with lifetime benefits decreased to 11% (from 24% in 2014).
Conservative Investment Positioning and Yields
Majority of assets are investment-grade fixed maturities. Cash in life insurance companies invested at approximately 6.2% in the quarter. Alternative assets program targets ~12% returns and realizations helped drive higher investment income in Q2.
MX:GNW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed