Quarterly business increased at Genworth Mortgage Insurance Corp., as did earnings. In addition, the book of business expanded, and delinquency was sharply lower.
In parent-Genworth Financial Inc.’s second-quarter earnings report, company-wide income from continuing operations before income taxes came to $360 million.
Results were not quite as good as during the same quarter of last year, when earnings were $401 million. But income improved from the first-three months of this year, when Genworth earned $228 million.
Source: Mortgage Daily