Genworth Financial Stock Intrinsic Value – GENWORTH FINANCIAL Reports Earnings Results for Fourth Quarter of FY2022

Earnings Overview

On February 6, 2023, GENWORTH FINANCIAL ($NYSE:GNW) announced its earnings results for the fourth quarter of FY2022, ending December 31, 2022. Total revenue was reported at USD 175.0 million, a 7.4% increase when compared to the same period of the previous year. Net income was USD 1895.0 million, signifying a 9.2% growth from the same quarter of the prior year.

Transcripts Simplified

Genworth Financial achieved a number of strategic milestones in 2022, including meeting their debt target, returning capital to shareholders, and receiving multiple credit ratings upgrades. The board authorized a $350 million share repurchase program and since then they have repurchased $64 million worth of shares at an average price of less than $4. The holding company ended 2022 with debt under $900 million, and they are working with the GSEs to confirm that the restrictions placed on an act will be lifted in the first quarter of 2023.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Genworth Financial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Genworth Financial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Genworth Financial. More…

Key Ratios Snapshot

Some of the financial key ratios for Genworth Financial are shown below. More…

Share Price

The stock opened at $5.7, and closed at $5.7, down 1.0% from its prior closing price of $5.8. Overall, the company’s performance in the fourth quarter of FY2022 continued its trend of stability and strong financial results. This marks the company’s seventh consecutive year of increases to their dividends, reflecting their commitment to their shareholders and investors.

Overall, GENWORTH FINANCIAL‘s fourth quarter earnings results show their continued commitment to growth and stability in their industry. Their strong performance and focus on providing quality products and services to their customers make them a strong leader in the financial services industry. Live Quote…

Analysis – Genworth Financial Stock Intrinsic Value

At GoodWhale, we have conducted an analysis of GENWORTH FINANCIAL‘s financials. After careful consideration of a range of factors, our proprietary Valuation Line has determined that the intrinsic value of GENWORTH FINANCIAL’s share is approximately $3.2. Unfortunately, the current trading price of GENWORTH FINANCIAL is around $5.7, meaning it is currently overvalued by 80.1%. More…

Peers

In the insurance market, there are a few major competitors that stand out among the rest. Genworth Financial Inc is one such company that has been in competition with Great Eastern Holdings Ltd, Mercuries Life Insurance Co Ltd, and CIG Pannonia Life Insurance OJSC for quite some time now. All these companies are striving to provide the best possible products and services to their customers.

– Great Eastern Holdings Ltd ($SGX:G07)

Great Eastern Holdings Ltd is a holding company that provides life insurance and asset management products and services. The company has a market cap of 8.59B as of 2022 and a Return on Equity of 7.45%. Great Eastern Holdings Ltd is headquartered in Singapore.

– Mercuries Life Insurance Co Ltd ($TWSE:2867)

Mercuries Life Insurance Co Ltd is a life insurance company with a market cap of 17.14B as of 2022. The company has a Return on Equity of -13.78%. The company offers life insurance products and services to individuals and businesses.

– CIG Pannonia Life Insurance OJSC ($LTS:0P2E)

CIG Pannonia Life Insurance OJSC is a Romania-based company engaged in the insurance sector. The Company provides a range of life insurance products, including saving plans, unit-linked products, pension plans and health insurance.

Summary

Investors in GENWORTH FINANCIAL saw the company report strong fourth quarter FY2022 earnings results. Total revenue for the period ending December 31, 2022 was USD 175.0 million, a 7.4% increase year over year. Net income was USD 1895.0 million, a 9.2% increase compared to the same period the previous year.

This represents a favourable outcome for investors, especially given the challenging economic conditions of the past year. Analysts suggest that this could be a good time to invest in the company, as it looks to capitalize on the strong earnings results and build upon its success into 2023.