Genworth Financial Reports Q2 2025 Earnings, Net Income at $51 Million

Genworth Financial reported a net income of $51 million in Q2 2025, with an adjusted operating income of $68 million. Enact, Genworth's mortgage insurance segment, reported an adjusted operating income of $141 million and distributed $94 million in capital returns. The company repurchased $30 million in shares during the quarter and is focused on expanding its growth platforms and maintaining financial stability.

Genworth Financial reported a net income of $51 million in the second quarter of 2025, with an adjusted operating income of $68 million. The company's mortgage insurance segment, Enact, delivered an adjusted operating income of $141 million, distributing $94 million in capital returns to shareholders [1]. Genworth also repurchased $30 million in shares during the quarter, indicating a commitment to returning value to shareholders.

The company's CEO, Thomas Joseph McInerney, emphasized the progress on Genworth's strategic priorities, highlighting the strong performance of Enact. Enact's adjusted operating income of $141 million was a significant contributor to Genworth's overall adjusted operating income of $68 million. McInerney also announced that Enact expects to return approximately $400 million of capital to shareholders this year, with Genworth anticipating a receipt of approximately $325 million from Enact for the full year [1].

Genworth is also focused on expanding its growth platforms. The company announced expanded offerings with the launch of care plans and network access in all 50 states, with the network now covering greater than 90% of the age 65-plus census population in the U.S. Additionally, Genworth raised its full year estimate to 2,850 successful matches between Genworth LTC policyholders and CareScout providers [1].

The company's financial stability is further bolstered by the favorable judgment in the AXA and Santander litigation. The U.K. High Court issued a favorable judgment that could potentially allow Genworth to recover approximately $750 million if appeals are resolved favorably [1].

Genworth's share repurchase allocation for the full year 2025 is now expected between $100 million and $150 million, indicating a continued focus on returning value to shareholders [1]. The company also reported a holding company ending the quarter with $248 million in cash and liquid assets.

References:
[1] https://seekingalpha.com/news/4475866-genworth-signals-2850-carescout-matches-target-and-400m-enact-capital-return-while-expanding