Genworth Financial Announces Third Quarter 2022 Results
Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended September 30, 2022. The company reported net income 2 of $104 million, or $0.20 per diluted share, in the third quarter of 2022, compared with net income of $314 million, or $0.61 per diluted share, in the third quarter of 2021
RICHMOND, Va.--(BUSINESS WIRE)--Nov 1, 2022--
Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended September 30, 2022. The company reported net income 2 of $104 million, or $0.20 per diluted share, in the third quarter of 2022, compared with net income of $314 million, or $0.61 per diluted share, in the third quarter of 2021. The company reported adjusted operating income 3 of $159 million, or $0.31 per diluted share, in the third quarter of 2022, compared with adjusted operating income of $239 million, or $0.46 per diluted share, in the third quarter of 2021.
“We are pleased with the progress we have made in the first nine months of the year. Genworth achieved our debt target, further stabilized our legacy LTC book and initiated a program to return capital to our shareholders, while also delivering solid financial results,” said Tom McInerney, Genworth President and CEO. “Looking ahead, Genworth expects to have higher free cash flow going forward, which offers financial flexibility and greater opportunity for increased capital return to shareholders and investments in growth.”
Financial Performance
