05/01/18

Net Income Of $112 Million And Adjusted Operating Income Of $125 Million
RICHMOND, Va., May 1, 2018 /PRNewswire/ —

• As Disclosed On April 24, 2018, Genworth And China Oceanwide Holdings Group Co., Ltd. (Oceanwide) Refiled Their Joint Voluntary Notice With The Committee On Foreign Investment In The United States (CFIUS)
• U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $111 Million, Increased 52 Percent Compared To First Quarter Of 2017
• U.S. MI’s PMIERs¹ Sufficiency Ratio At 124 Percent, In Excess Of $600 Million Above Requirements
• Strong Performance For Canada MI, Adjusted Operating Income Of $49 Million, Up 28 Percent² Versus First Quarter Of 2017
• U.S. Life Insurance Adjusted Operating Loss Of $(5) Million Compared To Adjusted Operating Income Of $53 Million In First Quarter Of 2017
• Holding Company Cash And Liquid Assets Of Approximately $1.2 Billion Reflecting Recently Completed $450 Million Senior Secured Term Loan

Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended March 31, 2018. The company reported net income3 of $112 million, or $0.22 per diluted share, in the first quarter of 2018, compared with net income of $155 million, or $0.31 per diluted share, in the first quarter of 2017. The adjusted operating income4 for the first quarter of 2018 was $125 million, or $0.25 per diluted share, compared with adjusted operating income of $143 million, or $0.29 per diluted share, in the first quarter of 2017.
 
Genworth Financial Announces First Quarter 2018 Results
 
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