Genworth Financial Inc. (GNW) Tuesday said first-quarter profit surged to $103 million or $0.21 per share from $46 million or $0.09 per share in the comparable quarter last year.
Income from continuing operations totaled $161 million or $0.25 per share, up from $67 million or $0.07 per share last year. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues dropped to $2.30 billion from $2.32 billion last year. Analysts expected revenues of $2.49 billion.
Book value per share for the quarter was $32.90, compared to $29.89 last year. Book value per share, excluding accumulated comprehensive income was $23.11.
Net investment losses for the quarter totaled $28 million, compared to gains of $17 million in the prior year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.