Earnings (Loss) Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share are calculated by dividing each income (loss) category presented below by the weighted-average basic and diluted common shares outstanding for the years ended December 31:

(Amounts in millions, except per share amounts)	2022		2021		2020
Weighted-average common shares used in basic earnings (loss) per share calculations		504.5		506.9		505.2
Potentially dilutive securities:
Stock options, restricted stock units and other equity-based awards		6.5		7.8		6.4
Weighted-average common shares used in diluted earnings (loss) per share calculations		511.0		514.7		511.6
Income from continuing operations:
Income from continuing operations	$	739	$	918	$	698
Less: net income from continuing operations attributable to noncontrolling interests		130		33		—
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders	$	609	$	885	$	698
Basic per share	$	1.21	$	1.75	$	1.38
Diluted per share	$	1.19	$	1.72	$	1.36
Income (loss) from discontinued operations:
Income (loss) from discontinued operations, net of taxes	$	—	$	27	$	(486	)
Less: net income from discontinued operations attributable to noncontrolling interests		—		8		34
Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders	$	—	$	19	$	(520	)
Basic per share	$	—	$	0.04	$	(1.03	)
Diluted per share	$	—	$	0.04	$	(1.02	)
Net income (loss):
Income from continuing operations	$	739	$	918	$	698
Income (loss) from discontinued operations, net of taxes		—		27		(486	)
Net income		739		945		212
Less: net income attributable to noncontrolling interests		130		41		34
Net income available to Genworth Financial, Inc.’s common stockholders	$	609	$	904	$	178
Basic per share(1)	$	1.21	$	1.78	$	0.35
Diluted per share(1)	$	1.19	$	1.76	$	0.35

(1) May not total due to whole number calculation.