Key Highlights

  • Genworth Financial (NYSE:GNW) posted a third-quarter loss of USD 41 million, which is USD 0.11 per share, although adjusted Operating Income excluding the Closed Block reached USD 102 million.
  • Enact Holdings (NASDAQ:ACT) now projects roughly USD 600 million of 2026 Capital returns, and its third-quarter profit landed at USD 1.15 a share on USD 159 million.
  • Diluted EPS at MGIC Investment (NYSE:MTG) edged up 2%, to USD 0.85, despite an 8% fall in Net Income to USD 175.0 million, because the share count shrank from 231.4 million to 205.4 million.
  • MBIA (NYSE:MBI) recorded a USD 24 million net loss in the third quarter, equal to USD 0.49 a share, versus a USD 8 million loss, or USD 0.17, a year before.

Genworth Financial (NYSE:GNW): Closed Block Losses Push the Quarter Below Zero

Genworth Financial (NYSE:GNW) disclosed third-quarter figures on November 4, 2026: a loss of USD 41 million, which works out to USD 0.11 per diluted share, versus Earnings of USD 116 million, or USD 0.28, the year before. The company blamed the loss on its Closed Block, partly offset by Enact's contribution. Losses in the Closed Block grew on an adjusted operating basis, reaching USD 146 million against USD 96 million, a shift powered by USD 111 million of pre-tax results running worse than expected, linked to fewer terminations and greater long-term care benefit use. In long-term care, statutory pre-tax results came in at a loss of USD 143 million, and the claims burden expands as the block matures. Legacy insurers reported a risk-based capital ratio of 274%, down from 286% the previous quarter. The ongoing segment excluding the Closed Block produced USD 102 million, which equates to USD 0.27 per diluted share, with fewer shares outstanding providing a lift. Buybacks of USD 80 million were executed at an average USD 10.05 a share, and a fresh USD 500 million program was authorized. The parent company's cash and liquid holdings climbed from USD 215 million to USD 320 million.

Enact Holdings (NASDAQ:ACT): Higher Loss Ratio Alongside Roughly USD 600 Million in Planned Returns

Enact Holdings (NASDAQ:ACT) writes Mortgage insurance for private borrowers, and its third-quarter release arrived on November 4, 2026. On a GAAP basis, profit of USD 159 million was below the USD 163 million of a year earlier and the USD 175 million recorded in the second quarter. Set against last year's USD 1.10, the USD 1.15 per-share result is higher, though it lags the prior quarter's USD 1.25. On the non-GAAP side, adjusted operating income reached USD 164 million, equal to USD 1.19 a share. Incurred losses landed at USD 47 million, net of a USD 37 million reserve release, versus USD 45 million a year earlier, and the loss ratio went up to 20% from 15%. Enact anticipates returning roughly USD 600 million during 2026, with USD 200 million of it expected as a Dividend from the insurance unit, and the final figure hinges on operating results, market conditions and regulators' sign-off. The company bought back about 2.4 million shares for approximately USD 118 million in the quarter. PMIERs sufficiency, the cushion above regulatory capital requirements, reached 158%, or about USD 1.8 billion. The quarterly dividend of USD 0.24 per share arrives December 17, 2026, and the Earnings Call is scheduled for November 5, 2026.

MGIC Investment (NYSE:MTG): Share Count Shrinkage Lifts EPS as Net Income Retreats 8%

On November 4, 2026, MGIC Investment (NYSE:MTG) filed a 10-Q covering the period through September 30, 2026. Operating through Mortgage Guaranty Insurance Corporation, the firm sells private mortgage coverage that shields lenders when borrowers with small down payments default. The company's net income slipped 8%, to USD 175.0 million from USD 191.1 million, but EPS climbed 2%, reaching USD 0.85, since the diluted share base contracted. That reduction is about 11% (calculated), moving from 231.4 million to 205.4 million shares. Net premiums earned edged down 1% to USD 238.5 million, with Reinsurance ceded premiums higher, while losses incurred climbed 119% to USD 23.9 million because prior-year reserve releases were smaller. Across nine months, 19.0 million shares were retired via buybacks costing USD 521.7 million, which left USD 653.5 million of authorization at quarter end. The USD 0.17 quarterly payout falls due November 23, 2026. An October 2026 executive order, flagged in the filing, might speed up cancellations of mortgage insurance, and the document provides neither guidance nor a share price response.

MBIA (NYSE:MBI): A Smaller Reserve Benefit Deepens the Loss Amid PREPA Exposure

The quarter ended September 30 is the period covered by the November 4, 2026 report from MBIA (NYSE:MBI). It operates as a financial guarantee insurer, and its National Subsidiary insures U.S. public finance bonds. Losses attributable to MBIA reached USD 24 million, or USD 0.49 a share, up from USD 8 million, or USD 0.17 a share. On an adjusted basis, the company lost USD 3 million, or USD 0.06 per diluted share, compared with adjusted profit of USD 51 million, or USD 1.03 a share. Revenue climbed from USD 15 million to USD 26 million, and loss-related outlays dropped from USD 50 million to USD 12 million, a change driven by PREPA and residential mortgage-backed exposures. The Puerto Rico Electric Power Authority (PREPA) failed to meet insured Debt service on January 1 and again on July 1, 2026. Insured debt service tied to PREPA stood at USD 508 million at September 30, held by National. Court proceedings continue, and the eventual result might move loss reserves by a material amount. Across the first nine months, the loss shrank from USD 126 million to USD 110 million. National's cash and investments totaled USD 1.2 billion. Figures in the filing are presented to the nearest million.

Where Things Stand

The USD 41 million loss traces mainly to the Closed Block rather than to ongoing operations. Genworth Financial (NYSE:GNW) still generated USD 102 million of adjusted operating income outside that segment, even as long-term care claims continue to mount. Enact Holdings (NASDAQ:ACT) combined a more demanding loss ratio with planned returns near USD 600 million. Share shrinkage, not profit expansion, is what raised per-share results at MGIC Investment (NYSE:MTG). MBIA (NYSE:MBI) saw its loss widen once a reserve benefit from the prior year diminished. Keep an eye on long-term care claim trends, reserve ratios, PREPA court developments and any regulatory nod for capital distributions, bearing in mind that none of these results promises what later quarters will bring.