Genworth Financial today reported results for the first quarter of 2010. Net income, before provision for noncontrolling interests, was $212m, or $0.43 per diluted share, compared with a net loss of $469m, or $1.08 per diluted share, in the first quarter of 2009. Net operating income, before provision for noncontrolling interests, for the first quarter of 2010 was $147m, or $0.30 per diluted share, compared to net operating income of $14m, or $0.03 per diluted share, in the first quarter of 2009. Reflecting the company’s reduction in ownership of Genworth MI Canada in the third quarter of 2009 from 100% to 57.5% in connection with an initial public offering (IPO) transaction, Genworth’s net income available to Genworth’s common stockholders was $178m, or $0.36 per diluted share, in the first quarter of 2010.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
Most Popular Articles
Latest Articles
How Paris Hilton demonstrated an age-old accounting principle and why this matters for clients
Business theory IRL
As I like to share with my MBA graduate students, the principles of our classes are not just theory. They have real-world (or, as my Gen. Z students say, IRL (in real life)) implications.
-
Making the 7-day refi reality: Why now Is the time to modernize the mortgage process
-
Affordability-first search: Why patent revival puts real estate at a crossroads
-
Here’s why non-QM earned its place at the mortgage dinner table
-
The future of QC: AI, innovation and the human element
-
The path to automation
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio