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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced that its Board of Directors authorized an additional $500 million for the repurchase of shares of the company's common stock under its existing share repurchase program. As of September 1, 2026, approximately 30 million shares of common stock had been acquired at an aggregate purchase price of approximately $262 million under the company's existing $350 million share repurchase authorization, with approximately.

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company to watch right now is Genworth Financial (GNW - Free Report) . GNW is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.

Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. GNW has a P/S ratio of 0.5. This compares to its industry's average P/S of 0.78.

Finally, investors should note that GNW has a P/CF ratio of 12.32. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 17.15. Within the past 12 months, GNW's P/CF has been as high as 17.53 and as low as 6.47, with a median of 10.08.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Genworth Financial is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, GNW feels like a great value stock at the moment.

Bank of America Corp DE increased its stake in shares of Genworth Financial, Inc. (NYSE:GNW – Free Report) by 133.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,158,625 shares of the financial services provider’s stock after purchasing an additional 1,232,931 shares during the quarter. Bank of America Corp DE owned approximately 0.56% of Genworth Financial worth $17,528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in GNW. Nuveen LLC raised its holdings in Genworth Financial by 2.3% in the 4th quarter. Nuveen LLC now owns 9,781,111 shares of the financial services provider’s stock valued at $88,323,000 after acquiring an additional 223,279 shares during the last quarter. Gendell Jeffrey L lifted its position in Genworth Financial by 168.0% during the fourth quarter. Gendell Jeffrey L now owns 6,485,888 shares of the financial services provider’s stock worth $58,568,000 after buying an additional 4,065,684 shares during the period. Norges Bank purchased a new position in Genworth Financial during the fourth quarter worth about $45,912,000. Invesco Ltd. boosted its stake in Genworth Financial by 41.0% in the 2nd quarter. Invesco Ltd. now owns 4,291,220 shares of the financial services provider’s stock worth $33,386,000 after buying an additional 1,248,374 shares during the last quarter. Finally, UBS Group AG boosted its stake in Genworth Financial by 621.2% in the 4th quarter. UBS Group AG now owns 3,598,588 shares of the financial services provider’s stock worth $32,495,000 after buying an additional 3,099,582 shares during the last quarter. Institutional investors and hedge funds own 81.85% of the company’s stock.

Genworth Financial Price Performance Shares of GNW stock opened at $9.94 on Thursday. The firm has a fifty day simple moving average of $9.61 and a 200-day simple moving average of $8.99. The company has a market capitalization of $3.75 billion, a PE ratio of 19.11 and a beta of 0.87. Genworth Financial, Inc. has a twelve month low of $7.84 and a twelve month high of $10.28. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.15.

Genworth Financial (NYSE:GNW – Get Free Report) last announced its earnings results on Wednesday, August 5th. The financial services provider reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. Genworth Financial had a return on equity of 1.06% and a net margin of 2.87%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.90 billion. Equities research analysts anticipate that Genworth Financial, Inc. will post 1.1 earnings per share for the current fiscal year. Wall Street Analyst Weigh In Several brokerages have recently weighed in on GNW. Zacks Research upgraded shares of Genworth Financial to a “hold” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded shares of Genworth Financial from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings raised shares of Genworth Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods raised shares of Genworth Financial from a “moderate buy” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $12.00.

Get Our Latest Report on GNW

Insider Activity at Genworth Financial In other news, CEO Thomas J. Mcinerney sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $9.27, for a total transaction of $927,000.00. Following the completion of the sale, the chief executive officer owned 5,368,883 shares of the company’s stock, valued at approximately $49,769,545.41. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert P. Restrepo, Jr. sold 50,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $9.12, for a total transaction of $456,000.00. Following the completion of the sale, the director directly owned 92,655 shares of the company’s stock, valued at $845,013.60. The trade was a 35.05% decrease in their position. The SEC filing for this sale provides additional information. 1.80% of the stock is owned by insiders.

Genworth Financial Profile (Free Report)

Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.

The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments.

Further Reading Five stocks we like better than Genworth Financial Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding GNW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genworth Financial, Inc. (NYSE:GNW – Free Report).

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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company to watch right now is Genworth Financial (GNW - Free Report) . GNW is currently sporting a Zacks Rank #2 (Buy), as well as a Value grade of A.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. GNW has a P/S ratio of 0.5. This compares to its industry's average P/S of 0.83.

Finally, investors will want to recognize that GNW has a P/CF ratio of 12.32. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. GNW's current P/CF looks attractive when compared to its industry's average P/CF of 20.41. Over the past year, GNW's P/CF has been as high as 17.53 and as low as 6.47, with a median of 10.08.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Genworth Financial is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, GNW feels like a great value stock at the moment.

RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended June 30, 2026.

“Our second quarter results reflect continued execution across our strategic priorities,” said Jerome Upton, Interim President & CEO and CFO. “Enact generated strong capital returns that supported our share repurchase program, we expanded the CareScout platform across home care and senior living communities, and we further strengthened the self-sustainability of the Closed Block. Together, these actions position Genworth to continue to drive sustainable long-term growth and create value for shareholders.”

Consolidated Metrics

(Amounts in millions, except per share data)

Q2 2026

Q1 2026

Q2 2025

Net income (loss)5

$

47

$

47

$

51

Net income (loss) per diluted share5

$

0.12

$

0.12

$

0.12

Adjusted operating income (loss), excluding Closed Block5,6

$

112

$

109

$

112

Adjusted operating income (loss), excluding Closed Block per diluted share5,6

$

0.29

$

0.28

$

0.27

Weighted-average diluted shares

386.3

393.7

417.5

Consolidated GAAP Financial Highlights

Net income was driven by Enact, which had strong operating performance Net investment income, net of taxes, was $660 million in the quarter, up from $605 million in the prior quarter and $634 million in the prior year primarily from higher income from limited partnerships and U.S. Government Treasury Inflation-Protected Securities Net investment gains, net of taxes, increased net income by $29 million in the quarter, compared with losses of $21 million in the prior quarter and $22 million in the prior year. The investment gains in the current quarter were driven primarily by mark-to-market adjustments on equity securities Enact

Operating Metrics

(Dollar amounts in millions, except where indicated)

Q2 2026

Q1 2026

Q2 2025

Adjusted operating income (loss)5

$

143

$

140

$

141

Primary new insurance written

$

15,199

$

12,786

$

13,254

Primary insurance in-force (amounts in billions)

$

274.0

$

272.5

$

269.8

Loss ratio

14

%

15

%

10

%

Equity12

$

4,373

$

4,328

$

4,244

Results in the quarter included a pre-tax reserve release of $37 million reflecting favorable cure performance and loss mitigation activities. The prior quarter and prior year included pre-tax reserve releases of $39 million and $48 million, respectively Pre-tax net investment income of $73 million was up from $66 million in the prior year from higher yields and higher average invested assets Primary new insurance written (NIW) increased 19% versus the prior quarter from seasonality and 15% versus the prior year primarily from a larger estimated market size Primary insurance in-force increased 2% versus the prior year, driven by NIW and continued elevated persistency Capital Metric

Q2 2026

Q1 2026

Q2 2025

PMIERs sufficiency ratio7,8

161

%

162

%

165

%

Enact paid a quarterly dividend of $0.24 per share Estimated PMIERs sufficiency ratio of 161%, $1,894 million above requirements Corporate and Other

Operating Metric

(Amounts in millions)

Q2 2026

Q1 2026

Q2 2025

Adjusted operating income (loss)6

$

(31

)

$

(31

)

$

(29

)

Current quarter results were primarily driven by continued investment in CareScout to fund growth in the services business and debt service  Closed Block

Operating Metric

(Amounts in millions)

Q2 2026

Q1 2026

Q2 2025

Adjusted operating income (loss)

$

(110

)

$

(32

)

$

(44

)

Current quarter results were primarily driven by a $127 million pre-tax A/E13 loss Lower terminations in LTC, including seasonally lower mortality LTC claims continued to grow as the block ages Prior quarter included net insurance recoveries of $65 million pre-tax in LTC; prior year included a $26 million pre-tax gain from a third-party reinsurance recapture Results in the prior quarter and prior year reflected pre-tax A/E losses of $36 million and $52 million, respectively  Statutory Results8,9 and RBC Ratio8,9

(Dollar amounts in millions)

Q2 2026

Q1 2026

Q2 2025

Statutory pre-tax income (loss)8,14

$

6

$

(77

)

$

81

Long-term care insurance

(82

)

(40

)

(26

)

Life insurance

(22

)

(57

)

18

Annuities

110

20

89

GLIC consolidated RBC ratio8,10

286

%

289

%

304

%

Statutory pre-tax income was $6 million in the current quarter LTC continued to benefit from premium increases and benefit reductions from IFAs. Mortality was lower than the prior year, but in line with nationwide trends. Claims continued to grow as the block ages. Current and prior quarter results reflected a benefit from net insurance recoveries of $18 million and $50 million, respectively Life insurance results included unfavorable impacts from the aging of the block that were smaller than the prior quarter but larger than the prior year. Mortality in the current quarter was unfavorable compared to the prior year Annuities results reflected $97 million favorable equity market and interest rate impacts compared to $13 million unfavorable in the prior quarter and $79 million favorable in the prior year. Additionally, the prior quarter included a $19 million favorable reserve release from a required regulatory update Current quarter estimated GLIC consolidated RBC ratio was 286%, down from the prior quarter, primarily from losses in LTC, including higher required capital on claims Holding Company Cash and Liquid Assets

(Amounts in millions)

Q2 2026

Q1 2026

Q2 2025

Holding company cash and liquid assets11,15

$

215

$

166

$

248

Cash and liquid assets were $215 million at the end of the current quarter, which included approximately $81 million of cash held for future obligations, including advance cash payments from the company’s subsidiaries Cash inflows during the current quarter included $103 million from Enact capital returns Current quarter cash outflows included $62 million in share repurchases, $17 million related to debt servicing costs and the repurchase of $10 million in principal of holding company debt at a discount Capital Allocation and Shareholder Returns

Executed $62 million in share repurchases in the quarter at an average price of $8.74 per share Executed $128 million in share repurchases at an average price of $8.67 per share year-to-date through June 30, 2026 Executed $918 million in share repurchases since the program’s inception through June 30, 2026 at an average price of $6.47 per share About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a publicly traded holding company headquartered in Richmond, Virginia. Through its family of brands—including CareScout, Genworth, and Enact—Genworth uses its more than 150 years of experience to help families navigate the aging journey with clarity and confidence, offering guidance, products, and services that support caregiving decisions, long-term care planning, and the financial challenges of aging. Genworth is the majority owner of Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information, visit https://www.genworth.com.

Conference Call Information
Investors are encouraged to read this press release, summary presentation and financial supplement which are now posted on the company’s website, https://investor.genworth.com.

Genworth will conduct a conference call on August 6, 2026 at 10:00 a.m. (ET) to discuss its second quarter results, which will be accessible via:

Telephone: 800-330-6710 or 213-279-1505 (outside the U.S.); conference ID # 2307160; or Webcast: https://investor.genworth.com/news-events/ir-calendar Allow at least 15 minutes prior to the call time to register for the call. A replay of the webcast will be available on the company’s website for one year.

Prior to Genworth’s conference call, Enact will hold a conference call on August 6, 2026 at 8:00 a.m. (ET) to discuss its second quarter results, which will be accessible via:

Telephone: Click here to obtain a dial-in number and unique PIN for Enact’s live question and answer session; or Webcast: https://ir.enactmi.com/news-and-events/events Allow at least 15 minutes prior to the call time to register for the call.

Use of Non-GAAP Measures
The company uses non-GAAP financial measures entitled “adjusted operating income (loss)” and “adjusted operating income (loss), excluding Closed Block.” These non-GAAP financial measures are evaluated by management and the company’s Board of Directors to assess performance, manage capital allocation, and in the case of adjusted operating income (loss), excluding Closed Block, as a factor for determining annual incentive awards and compensation for senior management. These measures have been established to more accurately reflect overall operating performance, as they minimize the impact of macroeconomic volatility. Management believes using adjusted operating income (loss), excluding Closed Block as a consolidated measure of profit or loss better aligns with the company’s strategy and capital allocation framework, as no capital is allocated to the Closed Block segment, which operates on a standalone basis, using existing capital and reserves, along with in-force management actions, to meet future obligations. The company also continues to report adjusted operating income (loss) for the Closed Block segment, as it believes it is the appropriate measure of profit or loss in accordance with segment reporting. Although adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block are non-GAAP financial measures, the company believes these measures aid in understanding the underlying performance of its operations.

The company defines adjusted operating income (loss) as income (loss) from continuing operations excluding:

net income (loss) attributable to noncontrolling interests, net investment gains (losses), changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, restructuring costs, and infrequent or unusual non-operating items. A component of the company’s net investment gains (losses) is the result of estimated future credit losses, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. The company excludes the items listed above from adjusted operating income (loss) because, in the company’s opinion, they are not indicative of overall operating performance.

Adjustments to reconcile net income (loss) to adjusted operating income (loss) assume a 21% current tax rate, plus any associated deferred taxes, and are net of the portion attributable to noncontrolling interests. Changes in fair value of market risk benefits and associated hedges are adjusted to exclude changes in reserves, attributed fees and benefit payments.

Adjusted operating income (loss), excluding Closed Block is derived from adjusted operating income (loss) and excludes adjusted operating income (loss) of the company’s Closed Block segment. While some of the excluded items may be significant components of net income (loss) determined in accordance with GAAP, the company believes that adjusted operating income (loss), and measures that are derived from or incorporate adjusted operating income (loss), including adjusted operating income (loss), excluding Closed Block, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the company. Adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block are not measures of complete profitability; therefore, they should not be considered in isolation or viewed as substitutes for GAAP net income (loss). In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies. In reporting non-GAAP measures in the future, the company may make other adjustments to exclude items it does not consider reflective of its core operating performance. The company may also disclose other non-GAAP operating measures in the future if it believes that such measures would be helpful to investors in their evaluation of the company.

A table at the end of this press release provides a reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block for the three months ended June 30, 2026 and 2025, as well as the three months ended March 31, 2026.

Management also reports revenues of its CareScout services business (CareScout Services) to monitor growth of the business. CareScout Services revenues, which are included in Corporate and Other, primarily consist of fees from the CareScout Quality Network and placement fees earned when placing a care seeker in a senior living community, along with service fees such as eligibility assessments and Care Plans. To arrive at CareScout Services revenues, Corporate and Other revenues are adjusted to exclude intercompany eliminations, revenues from other businesses not individually reportable, including the company’s CareScout insurance business (CareScout Insurance) and international businesses, and other sources of revenue such as corporate net investment income and net investment gains (losses). See the table at the end of this press release for a reconciliation of total Corporate and Other revenues to CareScout Services revenues.

Statutory Accounting Data
The company presents certain supplemental statutory data for GLIC and its consolidating life insurance subsidiaries that has been prepared on the basis of statutory accounting principles (SAP). GLIC and its consolidating life insurance subsidiaries file financial statements with state insurance regulatory authorities and the National Association of Insurance Commissioners that are prepared using SAP, an accounting basis either prescribed or permitted by such authorities. Due to differences in methodology between SAP and GAAP, the values for assets, liabilities and equity, and the recognition of income and expenses, reflected in financial statements prepared in accordance with GAAP are materially different from those reflected in financial statements prepared under SAP. This supplemental statutory data should not be viewed as an alternative to, or used in lieu of, GAAP.

This supplemental statutory data includes the company action level RBC ratio for GLIC and its consolidating life insurance subsidiaries as well as combined statutory pre-tax earnings from the principal legacy insurance companies, GLIC, GLAIC and GLICNY. Statutory pre-tax earnings represent the net gain from operations, including the impact from in-force rate actions, before dividends to policyholders, refunds to members and federal income taxes and before realized capital gains or (losses). The combined product level statutory pre-tax earnings are grouped on a consistent basis as those provided on page six of the statutory Annual Statements. Management uses and provides this supplemental statutory data because it believes it provides a useful measure of, among other things, statutory pre-tax earnings and the adequacy of capital. Management uses this data to measure against its policy to manage the legacy insurance companies with internally generated capital.

Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” “may” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Examples of forward-looking statements include statements the company makes relating to potential dividends or share repurchases; future return of capital by Enact Holdings, Inc. (Enact Holdings), including share repurchases, and quarterly and special dividends; the cumulative economic benefit of approved and future rate increases and benefit reductions included in the multi-year in-force rate action plan and other reduced benefit options associated with the long-term care insurance products in the company’s Closed Block segment; planned investments in and the company’s outlook for new lines of business or new insurance and other products and services, such as those it is pursuing with its CareScout business (CareScout), including through its CareScout services business (CareScout Services) and its CareScout insurance business (CareScout Insurance); future financial performance, including the expectation that quarterly adverse variances between actual and expected experience could persist resulting in future remeasurement losses in the company’s Closed Block segment; the resolution of the appeal or any potential litigation recovery amounts in connection with the AXA S.A. (AXA) and Santander Cards UK Limited (Santander) litigation, and Genworth’s planned use of proceeds from any recovery in connection with the litigation, including share repurchases, debt repurchases and investments in new businesses; future financial condition and liquidity of the company’s businesses; and statements the company makes regarding the outlook of the U.S. economy.

Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from those in the forward-looking statements due to global political, economic, inflation, business, competitive, market, regulatory and other factors and risks, including but not limited to, the following:

the inability to successfully launch new lines of business, including long-term care insurance and other products and services the company is pursuing with CareScout; the company’s failure to maintain the self-sustainability of GLIC and its subsidiaries, collectively referred to as “Closed Block” or its “legacy insurance subsidiaries,” including as a result of the inability to achieve desired levels of in-force management actions and/or the timing of future premium rate increases and associated benefit reductions taking longer to achieve than originally assumed; other regulatory actions negatively impacting the company’s life insurance businesses; inaccuracies or changes in estimates, assumptions, methodologies, valuations, projections and/or models, which result in inadequate reserves or other adverse results (including as a result of any changes in connection with quarterly, annual or other reviews); the impact on holding company liquidity caused by an inability to receive dividends or any other returns of capital from Enact Holdings, and limited sources of capital and financing and the need to seek additional capital on unfavorable terms; the impact on any potential recovery in the AXA and Santander litigation resulting from a successful appeal, significant delays or any other adverse development in the litigation; adverse changes to the structure or requirements of Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or the U.S. mortgage insurance market; an increase in the number of loans insured through federal government mortgage insurance programs, including those offered by the Federal Housing Administration; the inability of Enact Holdings and/or its U.S. mortgage insurance subsidiaries to continue to meet the requirements mandated by PMIERs (or any adverse changes thereto), the inability to meet minimum statutory capital requirements of applicable regulators or the mortgage insurer eligibility requirements of Fannie Mae or Freddie Mac; changes in economic, market and political conditions, labor shortages and fluctuating interest rates; unanticipated financial events, which could lead to market-wide liquidity problems and other significant market disruption resulting in losses, defaults or credit rating downgrades of other financial institutions; deterioration in economic conditions, a recession or a decline in home prices, all of which could be driven by many potential factors, including a U.S. federal government shutdown; an increase in the cost of care impacting the company’s long-term care insurance products included in its Closed Block segment; changes in international trade policy, including the potential impact of new or increased tariffs, retaliatory policies or actions from other countries, and trade wars or other events that lead to political and economic instability; changes in government or monetary policies; changes within regulatory agencies; changes in immigration policy; and fluctuations in international securities markets; downgrades in financial strength and credit ratings and potential adverse impacts to liquidity; counterparty credit risks; defaults by counterparties to reinsurance arrangements or derivative instruments; defaults or other events impacting the value of invested assets, including private equity and private credit; changes in tax rates or tax laws, or changes in accounting and reporting standards; litigation and regulatory investigations or other actions, including commercial and contractual disputes with counterparties; the inability to retain, attract and motivate qualified employees or senior management; changes in the composition of Enact Holdings’ business or undue concentration by customer or geographic region; the impact from deficiencies in the company’s disclosure controls and procedures or internal control over financial reporting; the occurrence of natural or man-made disasters, including geopolitical tensions and war (including the Russian invasion of Ukraine, ongoing conflict between Iran and the United States, and economic competition between the United States and China, among others), a public health emergency, including pandemics, or climate change; the inability to effectively manage technology systems (including artificial intelligence), cyber incidents or other failures, disruptions or security breaches of the company or its third-party vendors, as well as unknown risks and uncertainties associated with artificial intelligence; the inability of third-party vendors to meet their obligations to the company; the lack of availability, affordability or adequacy of reinsurance to protect the company against losses; a decrease in the volume of high loan-to-value home mortgage originations or an increase in the volume of mortgage insurance cancellations; unanticipated claims resulting from Enact Holdings’ delegated underwriting and loss mitigation programs; the impact of medical advances such as genetic research and diagnostic imaging, emerging new technology, including artificial intelligence and related legislation; and other factors described in the risk factors contained in Item 1A of the company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on February 27, 2026. The company provides additional information regarding these risks and uncertainties in its Annual Report on Form 10-K. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Accordingly, for the foregoing reasons, the company cautions the reader against relying on any forward-looking statements. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required under applicable securities laws.

Consolidated Statements of Operations

(Amounts in millions, except per share amounts)

(Unaudited)

  Three months
ended
June 30,

Three months
ended
March 31,

2026

2025

2026

Revenues:

Premiums

$

875

$

865

$

881

Net investment income

836

802

766

Net investment gains (losses)

37

(28

)

(26

)

Policy fees and other income

153

157

156

Total revenues

1,901

1,796

1,777

Benefits and expenses:

Benefits and other changes in policy reserves

1,233

1,195

1,224

Liability remeasurement (gains) losses

132

60

44

Changes in fair value of market risk benefits and associated hedges

(17

)

(10

)

10

Interest credited

96

94

95

Acquisition and operating expenses, net of deferrals

268

249

213

Amortization of deferred acquisition costs and intangibles

54

57

55

Interest expense

26

26

25

Total benefits and expenses

1,792

1,671

1,666

Income (loss) from continuing operations before income taxes

109

125

111

Provision (benefit) for income taxes

26

35

31

Income (loss) from continuing operations

83

90

80

Income (loss) from discontinued operations, net of taxes

(2

)

(7

)

(1

)

Net income (loss)

81

83

79

Less: net income (loss) attributable to noncontrolling interests

34

32

32

Net income (loss) available to Genworth Financial, Inc.’s common stockholders

$

47

$

51

$

47

Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share:

Basic

$

0.13

$

0.14

$

0.12

Diluted

$

0.13

$

0.14

$

0.12

Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share:

Basic

$

0.12

$

0.12

$

0.12

Diluted

$

0.12

$

0.12

$

0.12

Weighted-average common shares outstanding:

Basic

381.3

413.2

388.1

Diluted

386.3

417.5

393.7

Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss) and
Adjusted Operating Income (Loss), Excluding Closed Block

(Amounts in millions, except per share amounts)

(Unaudited)

  Three months
ended
June 30,

Three months
ended
March 31,

2026

2025

2026

Net income (loss) available to Genworth Financial, Inc.’s common stockholders

$

47

$

51

$

47

Add: net income (loss) attributable to noncontrolling interests

34

32

32

Net income (loss)

81

83

79

Less: income (loss) from discontinued operations, net of taxes

(2

)

(7

)

(1

)

Income (loss) from continuing operations

83

90

80

Less: net income (loss) attributable to noncontrolling interests

34

32

32

Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders

49

58

48

Adjustments to income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders:

Net investment (gains) losses, net16

(37

)

27

25

Changes in fair value of market risk benefits attributable to changes in interest rates, equity markets and associated hedges17

(23

)

(15

)

9

(Gains) losses on early extinguishment of debt

(1

)

—

—

Expenses related to restructuring

2

—

2

Taxes on adjustments

12

(2

)

(7

)

Adjusted operating income (loss)

2

68

77

Adjustment to exclude Closed Block segment adjusted operating (income) loss

110

44

32

Adjusted operating income (loss), excluding Closed Block

$

112

$

112

$

109

Adjusted operating income (loss):

Enact segment

$

143

$

141

$

140

Corporate and Other

(31

)

(29

)

(31

)

Closed Block segment

(110

)

(44

)

(32

)

Adjusted operating income (loss)

$

2

$

68

$

77

Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share:

Basic

$

0.12

$

0.12

$

0.12

Diluted

$

0.12

$

0.12

$

0.12

Adjusted operating income (loss), excluding Closed Block per share:

Basic

$

0.29

$

0.27

$

0.28

Diluted

$

0.29

$

0.27

$

0.28

Weighted-average common shares outstanding:

Basic

381.3

413.2

388.1

Diluted

386.3

417.5

393.7

Reconciliation of Total Corporate and Other Revenues to CareScout Services Revenues

(Amounts in millions)

(Unaudited)

  Three months
ended
June 30,

Three months
ended
March 31,

2026

2025

2026

Total Corporate and Other revenues

$

3

$

(21

)

$

15

Less: intercompany eliminations

(3

)

(4

)

(4

)

Less: other revenues

—

(21

)

13

CareScout Services revenues

$

6

$

4

$

6

Footnote Definitions

1 

A match is identified when CareScout validates and approves a home care invoice that demonstrates a CareScout member has received services for the first time and the appropriate discount was applied, or receives notice of a move-in to a senior living community.

2

Long-term care insurance.

3

Multi-year rate action plan.

4

In-force rate actions.

5 

All references reflect amounts available to Genworth’s common stockholders.

6 

This is a financial measure that is not calculated based on U.S. Generally Accepted Accounting Principles (GAAP). See the Use of Non-GAAP Measures section of this press release for additional information.

7 

The Private Mortgage Insurer Eligibility Requirements (PMIERs) sufficiency ratio is calculated as available assets divided by required assets as defined within PMIERs.

8 

Company estimate for the second quarter of 2026 due to timing of the preparation and filing of the statutory financial statement(s).

9 

Includes Genworth’s legacy insurance companies: Genworth Life Insurance Company (GLIC), Genworth Life and Annuity Insurance Company (GLAIC) and Genworth Life Insurance Company of New York (GLICNY).

10 

Risk-based capital ratio based on company action level for GLIC consolidated.

11

Included approximately $81 million, $50 million and $128 million of cash held for future obligations, including advance cash payments from the company’s subsidiaries as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

12 

Reflected Genworth’s ownership of equity including accumulated other comprehensive income (loss) and excluding noncontrolling interests of $1,037 million, $1,026 million and $991 million as of June 30, 2026, March 31, 2026 and June 30, 2025, respectively.

13 

Actual variances from expected experience.

14 

Net gain (loss) from operations before dividends to policyholders, refunds to members and federal income taxes for GLIC, GLAIC and GLICNY, and before realized capital gains or (losses).

15 

Holding company cash and liquid assets comprises assets held in Genworth Holdings, Inc. (the issuer of outstanding public debt) which is a wholly-owned subsidiary of Genworth Financial, Inc.

16 

Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests of $1 million for both the three months ended June 30, 2025 and March 31, 2026.

17 

Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments of $(6) million and $(5) million for the three months ended June 30, 2026 and 2025, respectively, and $(1) million for the three months ended March 31, 2026.

More News From Genworth Financial, Inc.

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Genworth Financial (GNW - Free Report) , which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Genworth Financial currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market?Let's discuss some of the components of the Momentum Style Score for GNW that show why this financial services company shows promise as a solid momentum pick.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For GNW, shares are up 9.67% over the past week while the Zacks Insurance - Life Insurance industry is up 2.22% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 12.98% compares favorably with the industry's 5.35% performance as well.

While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Genworth Financial have increased 13.48% over the past quarter, and have gained 36.67% in the last year. In comparison, the S&P 500 has only moved 4.95% and 19.48%, respectively.

Investors should also take note of GNW's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now GNW is averaging 2,959,660 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with GNW.

Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. This revision helped boost GNW's consensus estimate, increasing from $0.44 to $1.10 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that GNW is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Genworth Financial on your short list.

Big tech is wobbling. The Russell 2000 isn't.

That split has sent investors hunting through smaller names for value the mega caps stopped offering months ago. James Early, who runs research at Curia Financial and models his stock-picking on Warren Buffett's approach to durable, cash-generating businesses, laid out three small-cap stocks trading under $10 a share, each profitable and built on fundamentals rather than hype.

Mega-cap tech's loss has become small-cap America's gain, and these three names show why.

Get Aveanna Healthcare alerts:

Part of the appeal of a sub-$10 stock is simple math: a few hundred dollars buys a lot more shares than it would in a $200 name. Fractional shares have made that distinction less important than it used to be, but Early's advice still holds—don't anchor too much on price alone. What matters is whether the business underneath is worth owning.

Home Health Care Draws Insurer InterestAveanna Healthcare Today

AVAH

Aveanna Healthcare

$9.62 +0.29 (+3.05%)

As of 01:21 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$3.73▼

$10.32P/E Ratio8.16

Price Target$10.78

Aveanna Healthcare Holdings NASDAQ: AVAH provides in-home care for complex and expensive patient cases, with Medicare and Medicaid making up roughly 91% of revenue. Home-based care costs a fraction of hospital monitoring, and insurers have taken notice.

Aveanna Healthcare delivered 16% revenue growth over the past year and raised its guidance twice, evidence that demand is outrunning even management's own expectations. The company operates across dozens of U.S. states.

Early sees this as a potential buyout target rather than a moonshot. At a roughly $2 billion market cap, a larger insurer, home health platform, or private equity firm could easily absorb it. The stock has already climbed more than 120% over the past year, but Early argues that run-up matters less for a company this small: institutions can't buy in size without moving the price, which leaves room for retail investors to get in before Wall Street can.

Healthcare overall has lagged its potential in recent years, overshadowed by AI enthusiasm. But roughly 18% to 19% of U.S. GDP flows through healthcare spending, and an aging population isn't a trend that quickly reverses. That demand tends to hold up even in a downturn, since medical care is one budget line people don't cut.

An Ugly Legacy Business Funds a Clean OneGenworth Financial Today

GNW

Genworth Financial

$9.86 +0.16 (+1.60%)

As of 01:21 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$7.13▼

$9.99P/E Ratio18.99

Price Target$12.00

Genworth Financial NYSE: GNW splits into two very different businesses.

The first is its roughly 82% stake in Enact Holdings NASDAQ: ACT, which sells private mortgage insurance in a market growing about 8% annually. That segment runs at a 55% net profit margin, funding the second bucket: a closed book of long-term care policies written decades ago and badly underpriced, still costing the company $300 million to $400 million a year.

That drag is finite. Genworth trades around a PE of 17, below the S&P 500 average, and the stock has climbed steadily over the past five years as the Enact business has carried the load. Early is drawn to exactly this kind of complexity: a company that looks messier from the outside than it performs on the inside.

Growth here won't be explosive. Early expects something closer to 10% to 12% annually, tracking a mortgage insurance market that grows faster than GDP but isn't reinventing itself. What Genworth has demonstrated, through both rising and falling rate environments, is that the pivot already worked. The stock hasn't moved much with rate swings, and Early argues a softer rate environment ahead, with more housing inventory, could help rather than hurt.

A 1990s Survivor Bets on AIeGain Today

$6.60 +0.02 (+0.23%)

As of 01:21 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$5.50▼

$15.95P/E Ratio4.78

Price Target$15.25

eGain Corporation NASDAQ: EGAN has been around since 1997. Founded by Ashu Roy, the customer relationship management software company went public in 1999, then lost nearly all its value before a reverse split kept it listed. It has quietly stayed profitable for decades on $80 million to $90 million in annual revenue.

Now eGain is repositioning itself as an AI customer service platform, and early data is notable: non-AI customer retention is around 101%, while AI-driven retention is near 116%. Clients include the IRS, JPMorgan Chase & Co NYSE: JPM, and other large enterprises.

The stock has fallen from roughly $15 a year ago to the mid-single digits, tracking the broader software sell-off as the market debates whether AI helps or guts software companies. Early argues the labor-intensive nature of customer service makes AI a net positive here, not a threat, and that eGain's three-decade profitable base offers a floor even if the AI bet takes time to play out. He's still clear-eyed about the risk: this is a micro-cap that can swing sharply for no obvious reason, and he keeps positions like it small, often under 1% of a portfolio.

The Risk and the UpsideThe upside in small caps and micro caps is real: institutions largely can't compete for shares, leaving retail investors an edge that mostly disappears once a company gets bigger. The risk is real, too, and it's larger than most investors assume. Research from Arizona State University professor Hendrik Bessembinder, covering nearly a century of U.S. stock market data, found that just 4% of publicly traded companies accounted for all of the market's net wealth creation above cash returns. The rest, collectively, did no better than holding Treasury bills.

That's the case for keeping any single small-cap bet modest, no matter how strong the story. Stay disciplined on position size, because that's what determines whether a good idea turns into a good outcome.

Should You Invest $1,000 in Aveanna Healthcare Right Now?Before you consider Aveanna Healthcare, you'll want to hear this.

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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced that Tom McInerney, President & Chief Executive Officer, will be taking a temporary leave of absence from his role to focus on his health. The Board of Directors has named Jerome Upton, currently Genworth's Chief Financial Officer, as Interim President & Chief Executive Officer, effective immediately. “Our thoughts are with Tom and his family as he recovers, and we look forward to his return,” said Meli.

RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing first quarter results after the market closes on May 5, 2026. A conference call will be held on May 6, 2026, at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the public. Genworth'.

Genworth Financial, Inc. (GNW) Q1 2026 Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) announced the election of all ten director nominees at its 2026 annual meeting of stockholders today. The board members re-elected were G. Kent Conrad, Karen E. Dyson, Jill R. Goodman, Melina E. Higgins, Thomas J. McInerney, Howard D. Mills, III, Robert P. Restrepo Jr., Elaine A. Sarsynski, Ramsey D. Smith, and Steven C. Van Wyk. At the annual meeting, stockholders also approved the advisory vote on named executive officer com.