Genworth Financial Inc. reported its financial results for the year ended December 31, 2025, showcasing a net income available to common stockholders of $223 million, a decrease from $299 million in 2024. The company's total revenues remained relatively stable at $7.301 billion compared to $7.295 billion in the previous year. This performance was underpinned by premiums of $3.499 billion and net investment income of $3.125 billion. However, the company experienced a net investment gain of $59 million, a notable increase from $13 million in 2024.
A significant shift in the company's financial structure was the change in reportable segments, now comprising Enact and Closed Block. The Enact segment reported adjusted operating income of $558 million, a decrease from $585 million in 2024, primarily due to lower reserve releases and higher new delinquencies, partially offset by higher net investment income and lower operating expenses. The Closed Block segment, which includes long-term care insurance, life insurance, and annuity products, reported an adjusted operating loss of $317 million, compared to a loss of $214 million in the previous year. This increase in loss was primarily driven by unfavorable cash flow assumption updates in long-term care insurance products.
Operationally, Genworth has focused on strategic priorities, including creating value through Enact's capital returns and driving growth through CareScout. Enact Holdings provided $407 million of capital returns to Genworth Holdings in 2025. The company also acquired Seniorly, a platform for senior living communities, to expand the CareScout Quality Network. CareScout Insurance launched a new individual long-term care insurance product, Care Assurance, in October 2025, which is now live in 40 states. The company contributed $50 million to CareScout Services and $85 million to CareScout Insurance in 2025.
Looking ahead, Genworth anticipates continued capital returns from Enact to fund strategic initiatives and shareholder returns. The company expects to expand the range of services offered by CareScout Services and increase its customer base. While adoption of the Care Assurance product is expected to build gradually, Genworth believes it will create significant value for customers and distribution partners. The company will continue to manage its legacy insurance subsidiaries on a standalone basis, relying on their statutory capital, reserves, and in-force rate actions to satisfy policyholder obligations. Genworth's Board of Directors authorized a new share repurchase program of up to $350 million of its outstanding common stock.
About GENWORTH FINANCIAL INC
Genworth Financial is a diversified insurance company offering mortgage, long-term care, life, and annuity products. It operates through segments including Enact Holdings, a private mortgage insurer, and legacy U.S. life insurance subsidiaries. The company focuses on risk management, regulatory compliance, and strategic growth initiatives like CareScout. Its core value lies in providing financial protection and aging care solutions to consumers and institutions in the U.S. insurance and mortgage markets.
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