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.
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:
_________________________________________________________________________________________________________________
Most Popular
Adobe (ADBE) Q2 adjusted earnings rise on higher revenues
Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in revenue and adjusted profit for the second quarter of 2025, amid continued growth in its subscription-based business. The design software
ORCL Earnings: Highlights of Oracle’s Q4 2025 financial report
Technology giant Oracle Corporation (NYSE: ORCL) has reported higher revenues and adjusted earnings for the fourth quarter of 2025. Total revenues increased to $15.9 billion in the May quarter from
Key highlights from Chewy’s (CHWY) Q1 2025 earnings results
Chewy, Inc. (NYSE: CHWY) reported its first quarter 2025 earnings results today. Net sales of $3.12 billion increased 8.3% year-over-year. Net income decreased 6.7% to $62.4 million compared to last