10/30/18

Net Income Of $146 Million And Adjusted Operating Income Of $145 Million
RICHMOND, Va., Oct. 30, 2018 /PRNewswire/ —

• Delaware Department Of Insurance Announces Public Hearing On Proposed Transaction With China Oceanwide Holdings Group Co., Ltd (Oceanwide)
• U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $118 Million, Increased 62 Percent Compared To Third Quarter Of 2017
• U.S. MI’s PMIERs¹ Sufficiency Ratio At 130 Percent, In Excess Of $750 Million Above Current Requirements And More Than $550 Million Above The Revised Standards (PMIERs 2.0) Effective First Quarter Of 2019
• $78 Million Of Dividends To The Holding Company Due To Strong Capital Levels In International MI Platforms
• U.S. Life Insurance Adjusted Operating Loss Of $3 Million Primarily Due To Seasonally Unfavorable Long Term Care Insurance (LTC) Terminations
• Annual Review Of LTC Claims Reserve Is In Process And Will Be Completed In The Fourth Quarter
• Holding Company Cash And Liquid Assets Of $609 Million

Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended September 30, 2018. The company reported net income² of $146 million, or $0.29 per diluted share, in the third quarter of 2018, compared with net income of $107 million, or $0.21 per diluted share, in the third quarter of 2017. Adjusted operating income³ for the third quarter of 2018 was $145 million, or $0.29 per diluted share, compared with adjusted operating income of $76 million, or $0.15 per diluted share, in the third quarter of 2017.
 
Genworth Financial Announces Third Quarter 2018 Results
 
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