Genworth Financial (GNW) Tops Q1 EPS by 1c

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Genworth Financial Announces First Quarter 2022 Results

May 3, 2022 4:30 PM EDT

First Quarter Net Income of $149 Million and Adjusted Operating Income of $131 Million

Announced $350 Million Share Repurchase Authorization, The First Shareholder Return Program In Over 13 Years

Enact segment adjusted operating income of $135 million, with 10 percent annual growth in insurance in-force and strong loss performance Enacts Board initiated a quarterly dividend program and declared a $0.14 dividend per share payable in the second quarter U.S. Life Insurance segment adjusted operating loss of $4 million driven by unfavorable life insurance results, partially offset by strong long-term care insurance (LTC)... More