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Genworth's profit more than doubles on U.S. unit performance
April 30, 2013 / 8:56 PM / 4 years ago

Genworth's profit more than doubles on U.S. unit performance

April 30 (Reuters) - Life and mortgage insurer Genworth Financial Inc’s first-quarter profit more than doubled, helped by strong performance in its U.S. mortgage insurance business.

Net income rose 124 percent to $103 million, or 21 cents per share, for the quarter ended March 31, from $46 million, or 9 cents per share, a year earlier.

The company’s operating profit was 30 cents per share.

The operating income in the U.S. mortgage unit was $21 million, compared with net operating loss of $44 million a year earlier.

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