Genworth Financial Reports Q3 2026 Net Loss Amid Closed Block Remeasurement Charges
Genworth Financial (GNW) reported a net loss of $41 million, or $0.11 per diluted share, for the third quarter of 2026. The loss was primarily driven by a $111 million pretax remeasurement loss in the Long-Term Care (LTC) segment within its Closed Block insurance business, resulting from variances in expected experience and higher benefit utilization. Despite these losses, the company's Enact mortgage insurance subsidiary demonstrated strong performance, generating an adjusted operating income of $132 million. This included a $37 million pretax reserve release due to favorable cure performance. Genworth continues its aggressive capital return strategy, having repurchased $80 million in shares during the quarter and expanding its buyback authorization by $500 million earlier this year.
Tickers: $GNW
Topics: adjusted operating income closed block segment net loss share repurchases
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