Net Income Of $168 Million And Adjusted Operating Income Of $204 Million
RICHMOND, Va., July 30, 2019 /PRNewswire/ —
- Merger Agreement With China Oceanwide Holdings Group Co., LTD (Oceanwide) Extended To No Later Than November 30, 2019; Actively Soliciting Interest In Genworth MI Canada
- U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $147 Million With $15.8 Billion In New Insurance Written (NIW) And Continued Strong Loss Performance
- U.S. MI’s PMIERs1 Sufficiency Ratio At 123 Percent, In Excess Of $650 Million Above The Revised Standards That Became Effective On March 31, 2019
- Continued Strong Capital Levels In Canada And Australia MI With $58 Million In Capital Returned To The Holding Company
- Continued Progress With Long Term Care Insurance (LTC) In Force Rate Actions In Line With Plan
- Holding Company Cash And Liquid Assets Of $403 Million
Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended June 30, 2019. The company reported net income2 of $168 million, or $0.33 per diluted share, in the second quarter of 2019, compared with net income of $190 million, or $0.38 per diluted share, in the second quarter of 2018. The company reported adjusted operating income3 of $204 million, or $0.40 per diluted share, in the second quarter of 2019, compared with adjusted operating income of $200 million, or $0.40 per diluted share, in the second quarter of 2018.
Genworth Financial Announces Second Quarter 2019 Results
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