Categories AlphaGraphs, Earnings, Finance

GNW Infographic: A snapshot of Genworth Financial’s Q4 2022 results

Insurance service provider Genworth Financial, Inc. (NYSE: GNW) has reported higher earnings and revenues for the fourth quarter of 2022. The company repurchased $30 million of its stock during the quarter.

Genworth Financial Q4 2022 earnings infographic

Net income available to shareholders increased to $175 million or $0.35 per share in the December quarter from $163 million or $0.32 per share in the prior-year period.

The bottom line benefited from a 9% increase in revenues to $1.90 billion. An impressive performance by the core Premiums segment, in terms of revenue growth, more than offset weakness in other areas.

Read management/analysts’ comments on quarterly reports

“I’m proud of the company’s accomplishments in 2022, including achieving our long-term holding company debt target, returning capital to shareholders for the first time in over 13 years, and receiving multiple rating upgrades,” said Genworth’s CEO Tom McInerney.


Stocks you may like:

Bank of America (BAC) Stock

Wells Fargo (WFC) Stock

JPMorgan Chase (JPM) Stock

Citigroup (C) Stock

Goldman Sachs (GS) Stock

Morgan Stanley (MS) Stock


Most Popular

Key takeaways from Cintas’ (CTAS) third-quarter 2023 report

Cintas Corporation (NASDAQ: CTAS) has been growing its market share by diversifying into new areas and through acquisitions. The prudent business model, with a focus on recurring revenues, has helped

Here are a few points to keep in mind if you are considering Starbucks Corporation (SBUX)

Shares of Starbucks Corporation (NASDAQ: SBUX) stayed in green on Thursday. The stock has gained 10% over the past 12 months. The company delivered healthy results for its most recent

ANGO Earnings: AngioDynamics reports loss for Q3; revenue up 9%

AngioDynamics Inc. (NASDAQ: ANGO) on Thursday reported a wider loss for the third quarter when the medical device maker's revenues increased by 9%. The company also provided guidance for fiscal

Add Comment
Viewing Highlight