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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Premiums $ 1,019 $ 1,001 $ 2,034 $ 1,989
Net investment income 786 816 1,579 1,610
Net investment gains (losses) 159 (46) 7 29
Policy fees and other income 174 223 355 410
Total revenues 2,138 1,994 3,975 4,038
Benefits and expenses:        
Benefits and other changes in policy reserves 1,486 1,251 2,847 2,533
Interest credited 139 146 280 293
Acquisition and operating expenses, net of deferrals 223 229 472 466
Amortization of deferred acquisition costs and intangibles 93 84 209 165
Goodwill impairment 5 0 5 0
Interest expense 44 60 96 120
Total benefits and expenses 1,990 1,770 3,909 3,577
Income from continuing operations before income taxes 148 224 66 461
Provision for income taxes 46 66 36 135
Income from continuing operations 102 158 30 326
Income (loss) from discontinued operations, net of taxes (520) 60 (520) 122
Net income (loss) (418) 218 (490) 448
Less: net income from continuing operations attributable to noncontrolling interests 23 15 17 35
Less: net income from discontinued operations attributable to noncontrolling interests 0 35 0 71
Net income (loss) available to Genworth Financial, Inc.'s common stockholders (441) 168 (507) 342
Net income (loss) available to Genworth Financial, Inc.'s common stockholders:        
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders 79 143 13 291
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders (520) 25 (520) 51
Net income (loss) available to Genworth Financial, Inc.'s common stockholders $ (441) $ 168 $ (507) $ 342
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders per share:        
Basic $ 0.16 $ 0.29 $ 0.03 $ 0.58
Diluted 0.15 0.28 0.03 0.57
Net income (loss) available to Genworth Financial, Inc.'s common stockholders per share:        
Basic [1] (0.87) 0.33 (1.00) 0.68
Diluted $ (0.86) $ 0.33 $ (0.99) $ 0.67
Weighted-average common shares outstanding:        
Basic 505.4 503.4 504.8 502.3
Diluted 512.5 508.7 511.1 508.7
[1] May not total due to whole number calculation.