Genworth Financial Inc. has given investors a glimpse at its second-quarter performance.[@@]
Genworth, Richmond, Va., is reporting $285 million in net income for the quarter, up from $268 million in net income for the second quarter of 2004.
General Electric Company, Fairfield, Conn., which owned all of Genworth’s stock, sold a large minority stake to the public about a year ago. Genworth released net income figures today to help General Electric give a complete report on its financial performance. Genworth will be publishing more detailed earnings information, which will include revenue figures, July 28, the company says.