Genworth Financial today reported results for the first quarter of 2010. Net income, before provision for noncontrolling interests, was $212m, or $0.43 per diluted share, compared with a net loss of $469m, or $1.08 per diluted share, in the first quarter of 2009. Net operating income, before provision for noncontrolling interests, for the first quarter of 2010 was $147m, or $0.30 per diluted share, compared to net operating income of $14m, or $0.03 per diluted share, in the first quarter of 2009. Reflecting the company’s reduction in ownership of Genworth MI Canada in the third quarter of 2009 from 100% to 57.5% in connection with an initial public offering (IPO) transaction, Genworth’s net income available to Genworth’s common stockholders was $178m, or $0.36 per diluted share, in the first quarter of 2010.
Genworth Financial announces first quarter 2010 results
Most Popular Articles
Latest Articles
ICE looks to rethink the mortgage servicing experience
MSP Digital Experience is poised to streamline workflows, enhance efficiencies and simplify the training process for servicing team members