Genworth Financial (GNW) Reports Q4 EPS of 65c, Offers Strategic Update on Oceanwide

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Go back to Genworth Financial (GNW) Reports Q4 EPS of 65c, Offers Strategic Update on Oceanwide

Genworth Financial Announces Fourth Quarter 2017 Results

February 6, 2018 4:45 PM EST

RICHMOND, Va., Feb. 6, 2018 /PRNewswire/ --

 

U.S. Mortgage Insurance (MI) Full Year Adjusted Operating Income Of $311 Million, Increased 24 Percent Compared To 2016 Strong Loss Ratio And Capital Levels In The Fourth Quarter For U.S. And Canada MI Net Favorable Deferred Tax Items Of $456 Million, Or $0.91 Per Diluted Share, Primarily Due To Tax Reform And Improved Business Forecasts Annual Review Of Australia MI Premium Earnings Pattern Finalized Updated Premium Recognition Pattern To Reflect Slower Loss Emergence U.S. Generally Accepted Accounting Principles (GAAP) After-Tax... More