Genworth Financial, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:23 pm EST
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Genworth Financial, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 1,831 million compared to USD 1,848 million a year ago. Net income was USD 29 million compared to USD 136 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.26 a year ago. Basic earnings per share was USD 0.06 compared to USD 0.27 a year ago. Diluted earnings per share was USD 0.06 compared to USD 0.27 a year ago.
For the nine months, revenue was USD 5,577 million. Net income was USD 288 million. Basic earnings per share from continuing operations was USD 0.6. Diluted earnings per share from continuing operations was USD 0.59. Basic earnings per share was USD 0.61. Diluted earnings per share was USD 0.6.
Genworth Financial, Inc., through its principal insurance subsidiaries, offers mortgage and long-term care insurance products. The Company is the holding company of Enact Holdings. The Company operates through three segments: Enact, Long-Term Care Insurance Segment and Life and Annuities. Through Enact Holdings and its mortgage insurance subsidiaries, Enact segment provides private mortgage insurance products and services. The segment is engaged in the business of writing and assuming residential mortgage guaranty insurance. Long-Term Care Insurance Segment includes long-term care insurance products. The segment offers individual long-term care insurance policies. Life and Annuities segment offers a variety of protection and retirement income products through its principal United States life insurance subsidiaries. The segment includes traditional and non-traditional life insurance, fixed annuities and variable annuities.
GENWORTH FINANCIAL, INC. 
