July 29, 2014 / 9:27 PM / 3 years ago

Genworth Financial profit rises 25 pct

July 29 (Reuters) - Life and mortgage insurer Genworth Financial Inc posted a 25 percent rise in second-quarter profit as a recovery in the housing market helped its U.S. mortgage insurance business.

Net income rose to $176 million, or 35 cents per share, from $141 million, or 28 cents per share, a year earlier.

The company’s U.S. mortgage insurance business posted an operating income of $39 million for the quarter ended June 30, 2014, compared with $13 million a year earlier. (Reporting By Krishna Chaithanya; Editing by Don Sebastian)

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