4/30/19

Net Income Of $174 Million And Adjusted Operating Income Of $121 Million

RICHMOND, Va., April 30, 2019 /PRNewswire/ —

• Merger Agreement With China Oceanwide Holdings Group Co., LTD (Oceanwide) Extended To June 30, 2019; Parties Diligently Pursuing Canadian Approval
• U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $124 Million, With $9.6 Billion In New Insurance Written (NIW) And Strong Loss Ratio Performance
• U.S. MI’s PMIERs¹ Sufficiency Ratio At 123 Percent, More Than $600 Million Above The Revised Standards Effective March 31, 2019
• Strong Capital Levels With Substantial Capital Above Management Targets In Canada And Australia MI
• Approximately $150 Million Incremental Annual Long Term Care Insurance (LTC) In Force Rate Actions Approved In First Quarter 2019, With A Net Present Value (NPV) Benefit Of Approximately $500 Million
• Holding Company Cash And Liquid Assets Of $405 Million

Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended March 31, 2019. The company reported net income² of $174 million, or $0.34 per diluted share, in the first quarter of 2019, compared with net income of $112 million, or $0.22 per diluted share, in the first quarter of 2018. The company reported adjusted operating income³ of $121 million, or $0.24 per diluted share, in the first quarter of 2019, compared with adjusted operating income of $125 million, or $0.25 per diluted share, in the first quarter of 2018.
 

Genworth Financial Announces First Quarter 2019 Results
 

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