v3.24.2.u1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Premiums $ 855 $ 902 $ 1,730 $ 1,817
Net investment income 808 785 1,590 1,572
Net investment gains (losses) (61) 39 (12) 28
Policy fees and other income 167 166 325 329
Total revenues 1,769 1,892 3,633 3,746
Benefits and expenses:        
Benefits and other changes in policy reserves 1,151 1,175 2,354 2,351
Liability remeasurement (gains) losses 39 70 31 55
Changes in fair value of market risk benefits and associated hedges (8) (19) (31) (2)
Interest credited 125 126 250 252
Acquisition and operating expenses, net of deferrals 229 226 465 466
Amortization of deferred acquisition costs and intangibles 60 64 125 136
Interest expense 30 29 60 58
Total benefits and expenses 1,626 1,671 3,254 3,316
Income from continuing operations before income taxes 143 221 379 430
Provision for income taxes 32 55 98 110
Income from continuing operations 111 166 281 320
Income (loss) from discontinued operations, net of taxes (1) 2 (2) 2
Net income 110 168 279 322
Less: net income attributable to noncontrolling interests 34 31 64 63
Net income available to Genworth Financial, Inc.'s common stockholders $ 76 $ 137 $ 215 $ 259
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders per share:        
Basic $ 0.18 $ 0.28 $ 0.49 $ 0.53
Diluted 0.17 0.28 0.49 0.53
Net income available to Genworth Financial, Inc.'s common stockholders per share:        
Basic [1] 0.17 0.29 0.49 0.54
Diluted [1] $ 0.17 $ 0.29 $ 0.48 $ 0.53
Weighted-average common shares outstanding:        
Basic 436.4 473.2 439.7 482.7
Diluted 440.7 478.1 445.5 489.1
[1] May not total due to whole number calculation.

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