Genworth Financial Q3 Net More Than Triples

Genworth Financial's  (NYSE: GNW  ) shares are slightly lower in post-market trading following the release of its Q3 results. For the quarter, the insurer's total revenues amounted to $2.3 billion, down 6% from the $2.5 billion recorded in the same period the previous year. Attributable net income, on the other hand, jumped to $108 million ($0.22 per diluted share), more than three times Q3 2012's $35 million ($0.07).

Analysts, however, had been expecting EPS of $0.27 on revenue of $2.4 billion. 

In terms of individual performance, the company's life insurance division saw a robust climb in net operating income, growing that line item to $111 million. That's 29% higher on a year-over-year basis. Global mortgage insurance was another strong performer, advancing its net operating income by 53% over that span of time to $87 million.

Following the announcement of the results, Genworth Financial's stock dipped by 1.8%, or $0.26, to $14.57 in after-hours trading. 

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9/23/2016 4:00 PM
GNW $4.89 Down -0.06 -1.21%
Genworth Financial CAPS Rating: ****