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Genworth Financial Inc  (GNW)
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    Sector  Financial    Industry Life Insurance
 
 

EARNINGS REPORT by CSIMarket

Double Digit EPS Growth, Sales Down Slightly


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Genworth Financial Inc announced second quarter 2017 operating income of $475 millions



Although revenue fell for the second quarter 2017, company managed to improve it's earnings per share, income increased by 17.65 % to $0.40 per share while Sales fell by -0.58 % to $2.22 billions, year on year.

From preceding quarter, earnings grew from $0.31 per share and Sales increased by 2.4 % from $2.17 billions.
Sales have contracted due the decrease in revenues in U.S. Life Insurance -0.73%, Mortgage Insurance -3.15%, Corporate or Other 16.67%, Runoff -7.87%.
The earnings growth of 101.45% and 6.41%, in U.S. Life Insurance and Mortgage Insurance businesses respectively, pushed up Genworth Financial Inc's profits by 23.18 % in the second quarter 2017, to net income of $271 millions for the second quarter 2017, compare to income of $220 millions achieved a year before. Genworth Financial Inc also emphasized it's improving profit margins, where net margin rose to 12.19% in second quarter 2017, and operating margin edged up to 21.37%.


Genworth Financial Inc is expected to report next financial results on October 27, 2017.
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Genworth Financial Inc reported first quarter 2017 earnings

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Genworth Financial Inc reported third quarter 2016 earnings

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