Genworth Financial Inc. (GNW) Reports In-Line Q2 EPS

Genworth Financial Inc. (NYSE: GNW) reported Q2 EPS of $0.35, in-line with the analyst estimate of $0.35. Revenue for the quarter came in at $2.42 billion versus the consensus estimate of $2.36 billion.

"Genworth made continued progress in our turnaround strategy during the quarter with the completion of the partial IPO of our Australia MI business," said Tom McInerney, President and CEO. "Our second quarter 2014 results were strong in our mortgage insurance businesses, which benefitted from continued solid loss performance, but disappointing in our long term care insurance business, where we experienced adverse claims development. We continue to pursue state approvals for premium rate increases in long term care and recently launched a new long term care insurance product in 42 states that balances flexibility for customers with appropriate risk-adjusted returns for Genworth."

For earnings history and earnings-related data on Genworth Financial Inc. (GNW) click here.

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