v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Premiums $ 915 $ 917
Net investment income 787 764
Net investment gains (losses) (11) 42
Policy fees and other income 163 170
Total revenues 1,854 1,893
Benefits and expenses:    
Benefits and other changes in policy reserves 1,172 1,165
Liability remeasurement (gains) losses 22 (41)
Changes in fair value of market risk benefits and associated hedges 17 (41)
Interest credited 126 125
Acquisition and operating expenses, net of deferrals 283 280
Amortization of deferred acquisition costs and intangibles 72 88
Interest expense 29 26
Total benefits and expenses 1,721 1,602
Income from continuing operations before income taxes 133 291
Provision for income taxes 39 68
Income from continuing operations 94 223
Loss from discontinued operations, net of taxes 0 (2)
Net income 94 221
Less: net income from continuing operations attributable to noncontrolling interests 32 30
Less: net income from discontinued operations attributable to noncontrolling interests 0 0
Net income available to Genworth Financial, Inc.'s common stockholders 62 191
Net income available to Genworth Financial, Inc.'s common stockholders:    
Income from continuing operations available to Genworth Financial, Inc.‘s common stockholders 62 193
Loss from discontinued operations available to Genworth Financial, Inc.'s common stockholders 0 (2)
Net income available to Genworth Financial, Inc.'s common stockholders $ 62 $ 191
Income from continuing operations available to Genworth Financial, Inc.‘s common stockholders per share:    
Basic $ 0.13 $ 0.38
Diluted 0.12 0.37
Net income available to Genworth Financial, Inc.'s common stockholders per share:    
Basic 0.13 0.38
Diluted $ 0.12 $ 0.37
Weighted-average common shares outstanding:    
Basic 492.3 508.3
Diluted 500.1 517.4

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