GNW Earnings Prediction
The chart below shows how GNW performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GNW sees a -4.60% change in stock price 10 days leading up to the earnings, and a +2.16% change 10 days following the report. On the earnings day itself, the stock moves by +0.89%. This data can give you a slight idea of what to expect for the next quarter's release.
GNW Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.80B
-1.64%
-0.33%
Gross Margin
--
--
--
Operating Margin
6.10%
-8.41%
-50.73%
Net Margin
6.71%
105.20%
9.28%
EPS
0.20
233.33%
17.65%
No Data Available
GNW Earnings Analysis
Genworth Financial, Inc. Corporation (GNW.N) Earnings Conference Call
Positive
Net Income Performance: 1. Strong Net Income: Genworth reported a net income of $85 million, translating to $0.19 per share, showcasing robust financial performance in Q3 2024.
Enact's Positive Financial Impact: 2. Significant Contribution from Enact: Enact contributed $148 million to adjusted operating income, reflecting a 10% year-over-year increase, highlighting its operational strength and positive impact on Genworth's financials.
Rate Approval Success: 3. Successful Rate Approvals: The company secured $124 million in gross premium approvals with an average premium increase of 53% in Q3, contributing to a cumulative estimated $30 billion in in-force rate actions since 2012.
Cash and Liquid Assets: 4. Strong Cash Position: Genworth ended the quarter with cash and liquid assets of $369 million, including approximately $162 million in advanced cash payments, ensuring financial flexibility for future investments and obligations.
Share Repurchase Commitment: 5. Share Repurchase Program: Year-to-date through October, Genworth repurchased approximately $144 million worth of shares, bringing total repurchases to $503 million since May 2022, demonstrating a commitment to returning capital to shareholders.
Negative
LTC Segment Operating Loss: 1. Operating Loss in LTC Segment: The long-term care insurance segment reported an adjusted operating loss of $46 million, primarily due to a liability remeasurement loss from actual to expected experience.
Unfavorable Mortality Loss: 2. Unfavorable Mortality Impact: Life insurance posted an adjusted operating loss of $40 million, driven by unfavorable mortality, contributing to a total adjusted operating loss of $27 million in the life and annuities segment.
Quarterly Life Insurance Loss: 3. Quarterly Loss in U.S. Life Insurance: The U.S. life insurance companies reported a pre-tax loss of $18 million in the third quarter, down from income in the prior quarter due to higher LTC claims and lower benefits from legal settlements.
Legal Settlement Trends: 4. Increased Claims and Legal Settlement Impact: The favorable impact from LTC legal settlements is expected to trend downward into the fourth quarter, indicating a potential decrease in future earnings from this source.
GAAP Earnings Volatility: 5. Volatility in GAAP Earnings: The company anticipates continued GAAP earnings volatility in the LTC segment, with a negative impact from assumption updates expected to be in a similar range of approximately $300 million as the prior year.
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GNW Earning Call Sentiment
Genworth Financial, Inc. (GNW) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GNW.N
-0.82%Positive
The earnings call presents a mixed financial performance with some declines, but positive elements such as increased shareholder returns, a strong liquidity position, debt reduction, and strategic investments in CareScout. The Q&A suggests management's focus on capital returns and new product launches, despite some operational and economic risks. The company's market cap suggests a moderate reaction, leading to a positive prediction of a 2% to 8% stock price increase.