Categories AlphaGraphs, Earnings, Finance

Genworth Financial reports Q2 2023 results. Here’s what you need to know

Genworth Financial, Inc. (NYSE: GNW) has reported lower earnings for the second quarter of 2023 when the insurance service provider’s revenues remained unchanged. The company repurchased around $112 million of its stock during the quarter.

Genworth Financial Q2 2023 earnings infographic

Net income available to shareholders decreased to $137 million or $0.29 per share in the June quarter from $159 million or $0.31 per share in the prior-year period.

Meanwhile, second-quarter revenues remained unchanged at $1.90 billion. Premium revenues declined 2% while net investment income remained flat.

“Enact continues to perform well and has increased its planned capital return to Genworth and other shareholders. Based on strong free cash flow, the Genworth Board increased the share repurchase authorization by $350 million,” said Genworth’s CEO Tom McInerney.

Prior Performance

  • Genworth Financial Q4 2022 earnings infographic
  • Genworth Financial Q3 2022 earnings infographics

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top