v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Premiums $ 915 $ 929 $ 2,732 $ 2,762
Net investment income 801 808 2,373 2,359
Net investment gains (losses) (43) (58) (15) 3
Policy fees and other income 158 169 487 504
Total revenues 1,831 1,848 5,577 5,628
Benefits and expenses:        
Benefits and other changes in policy reserves 1,199 1,159 3,550 3,094
Liability remeasurement (gains) losses 116 17 171 (23)
Changes in fair value of market risk benefits and associated hedges (24) (27) (26) (48)
Interest credited 127 128 379 379
Acquisition and operating expenses, net of deferrals 228 245 694 1,060
Amortization of deferred acquisition costs and intangibles 65 80 201 252
Interest expense 30 26 88 78
Total benefits and expenses 1,741 1,628 5,057 4,792
Income from continuing operations before income taxes 90 220 520 836
Provision for income taxes 30 54 140 200
Income from continuing operations 60 166 380 636
Income from discontinued operations, net of taxes 0 5 2 2
Net income 60 171 382 638
Less: net income from continuing operations attributable to noncontrolling interests 31 35 94 103
Less: net income from discontinued operations attributable to noncontrolling interests 0 0 0 0
Net income available to Genworth Financial, Inc.'s common stockholders 29 136 288 535
Net income available to Genworth Financial, Inc.'s common stockholders:        
Income from continuing operations available to Genworth Financial, Inc.‘s common stockholders 29 131 286 533
Income from discontinued operations available to Genworth Financial, Inc.'s common stockholders 0 5 2 2
Net income available to Genworth Financial, Inc.'s common stockholders $ 29 $ 136 $ 288 $ 535
Income from continuing operations available to Genworth Financial, Inc.‘s common stockholders per share:        
Basic $ 0.06 $ 0.26 $ 0.6 $ 1.05
Diluted 0.06 0.26 0.59 1.04
Net income available to Genworth Financial, Inc.'s common stockholders per share:        
Basic [1] 0.06 0.27 0.61 1.05
Diluted [1] $ 0.06 $ 0.27 $ 0.6 $ 1.04
Weighted-average common shares outstanding:        
Basic 460.5 503.8 475.3 507.0
Diluted 466.0 509.3 481.4 513.6
[1] May not total due to whole number calculation.

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