Every material Form 8-K Genworth Financial filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Genworth reported third-quarter 2024 net income available to common stockholders of $85 million, or $0.19 per diluted share, up from $29 million a year earlier and $76 million in the prior quarter. Adjusted operating income was $48 million, or $0.11 per diluted share, down from $125 million in the second quarter but up from $42 million a year earlier, with the Enact mortgage insurance segment the main contributor.
Q3 2024 net income $85 million ($0.19 diluted EPS), vs. $76 million ($0.17) in Q2 2024 and $29 million ($0.06) in Q3 2023
Adjusted operating income $48 million ($0.11 per diluted share), vs. $125 million in Q2 2024 and $42 million in Q3 2023
Total revenues $1.88 billion, vs. $1.83 billion in Q2 2024 and $1.77 billion in Q3 2023
Enact adjusted operating income $148 million; Genworth repurchased $36 million of stock in the quarter and $503 million program-to-date through October
Genworth Financial reported second-quarter 2024 results on July 31, 2024. Net income available to common stockholders was $76 million, or $0.17 per diluted share, down from $139 million in the prior quarter, while adjusted operating income rose to $125 million, or $0.28 per diluted share, from $85 million. The mixed picture matters to shareholders because GAAP profit fell while the company's non-GAAP measure improved, and the results were driven by Enact and offset by losses in long-term care insurance and net investment losses.
Net income available to common stockholders was $76 million ($0.17 per diluted share) in Q2 2024, versus $139 million in Q1 2024.
Adjusted operating income was $125 million ($0.28 per diluted share), versus $85 million in Q1 2024 and $85 million in Q2 2023.
Net investment losses, net of taxes, reduced net income by $48 million in the quarter.
Company repurchased $36 million of common stock in the quarter; $111 million executed year-to-date through July 31, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Genworth Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →