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Genworth Financial Q3 revenues up

Genworth Financial has a reported total revenue of $2.66bn for the third quarter of 2010, compared to $2.39bn in the same quarter last year.

The company reported a net income of $83m, or $0.17 per diluted share, for the third quarter of 2010 compared to $19m, or $0.04 per diluted share, for the same quarter of 2009.

Genworth Financial chairman and CEO Michael Fraizer said, Genworth’s results in the quarter demonstrate continued earnings momentum in the international segment with mixed results in the US reflecting the slow economy and struggling housing market, particularly in Florida.

We were pleased with our strong sales growth, continuing investment portfolio improvements, capital ratios and flexibility, and progress in residential loan modifications, Fraizer said.