Genworth Financial, Inc. reports net income of $2 million for the fourth quarter of 2025, equating to $0 per diluted share. Adjusted operating income reaches $8 million, or $0.02 per diluted share. Full-year 2025 net income totals $223 million, or $0.54 per diluted share, with adjusted operating income at $144 million, or $0.35 per diluted share.52
Key Financial Highlights
The company executes $94 million in share repurchases during Q4, contributing to $245 million for the full year and $790 million since program inception. Weighted-average diluted shares outstanding decline to 396.4 million in Q4 from 413.3 million in Q3.52
| Metric | Q4 2025 | Q3 2025 | Q4 2024 |
|---|---|---|---|
| Net income | $2M | $116M | $(1)M |
| Adjusted operating income | $8M | $17M | $15M |
Segment Performance
Enact Mortgage Insurance
Enact delivers adjusted operating income of $146 million in Q4, distributing $127 million in capital returns to Genworth. Primary new insurance written rises 2% quarter-over-quarter and 8% year-over-year to $14.4 billion. The PMIERs sufficiency ratio stands at 162%, with equity at $4.4 billion. Loss ratio improves to 7%.52
Closed Block
The Closed Block posts an adjusted operating loss of $114 million, widening from $96 million in Q3. Long-term care insurance incurs a $159 million loss due to higher claims, lower terminations, and unfavorable assumption updates totaling $171 million pre-tax. Life insurance generates $13 million income from favorable interest rate updates, while annuities contribute $32 million from mortality improvements.52
Strategic Developments
Genworth advances CareScout initiatives, delivering 925 matches with home care providers in Q4 and achieving over 95% coverage for the U.S. aged 65-plus population. The company closes the $15 million acquisition of Seniorly, Inc., and launches Care Assurance in 39 states. Long-term care multi-year rate action plans secure $100 million in gross incremental premium approvals, building on $34.5 billion in estimated net present value since 2012.52
Holding company cash and liquid assets total $234 million at quarter-end, supporting ongoing capital management. Legacy insurance companies report statutory pre-tax income of $71 million for 2025, with a consolidated RBC ratio of 300%.52
Leadership Perspective
President and CEO Tom McInerney states, “Genworth delivered strong results in 2025 as we continued to execute against our strategic priorities. We took major steps to advance CareScout’s strategy, with nationwide expansion of the CareScout Quality Network, the launch of Care Plans, our new innovative consumer-facing solution, along with the launch and continued buildout of our CareScout insurance offerings. With Enact as a durable source of cash flows, a growing and increasingly integrated CareScout platform, and disciplined management of our legacy insurance businesses, we are delivering long-term value for shareholders while supporting millions of families navigating the aging journey.”52
Genworth hosts its Q4 2025 earnings conference call on February 24, 2026, at 9:00 a.m. ET, with presentation materials available on the investor relations website.52
