Genworth Financial (GNW) Tops Q2 EPS by 10c

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Go back to Genworth Financial (GNW) Tops Q2 EPS by 10c

Genworth Financial Announces Second Quarter 2022 Results

August 1, 2022 4:30 PM EDT

Net Income of $181 Million and Adjusted Operating Income of $176 Million

Enact segment adjusted operating income of $167 million, with nine percent annual growth in insurance in-force and strong loss performance Received first quarterly dividend from Enact of $19 million U.S. Life Insurance segment adjusted operating income of $21 million driven by solid long-term care insurance (LTC) and fixed annuity performance, partially offset by unfavorable life insurance results $52 million in annual premium rate increases approved, increasing net present value from achieved LTC rate actions since 2012 by approximately $300 million, bringing the... More