Genworth Financial

Q2 FY2026 EarningsQ2 FY26 beat consensus on earnings, reporting GAAP EPS of $0.12 vs. $0.07 expected and Adjusted Operating EPS of $0.29 vs. $0.27. Strong performance in the Enact segment, supported by $37M in pre-tax reserve releases and improved investment yields, offset a $110M adjusted operating loss in the Closed Block. Management raised Enact's 2026 capital return guidance to $550M-$600M, which supports Genworth's robust share repurchase program ($62M executed in Q2). Book value per share of $23.10 was slightly below the $23.14 consensus due to mark-to-market fixed maturity losses from higher interest rates.