Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share

(4) Earnings Per Share

Basic and diluted earnings per share are calculated by dividing each income 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)	2023		2022		2021
Weighted-average common shares used in basic earnings per share calculations		468.8		504.4		506.9
Potentially dilutive securities:
Performance stock units, restricted stock units and other equity-based awards		6.1		6.5		7.8
Weighted-average common shares used in diluted earnings per share calculations		474.9		510.9		514.7
Income from continuing operations:
Income from continuing operations	$	199	$	1,046	$	864
Less: net income from continuing operations attributable to noncontrolling interests		123		130		33
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders	$	76	$	916	$	831
Basic per share	$	0.16	$	1.82	$	1.64
Diluted per share	$	0.16	$	1.79	$	1.61
Income from discontinued operations:
Income from discontinued operations, net of taxes	$	—	$	—	$	27
Less: net income from discontinued operations attributable to noncontrolling interests		—		—		8
Income from discontinued operations available to Genworth Financial, Inc.’s common stockholders	$	—	$	—	$	19
Basic per share	$	—	$	—	$	0.04
Diluted per share	$	—	$	—	$	0.04
Net income:
Income from continuing operations	$	199	$	1,046	$	864
Income from discontinued operations, net of taxes		—		—		27
Net income		199		1,046		891
Less: net income attributable to noncontrolling interests		123		130		41
Net income available to Genworth Financial, Inc.’s common stockholders	$	76	$	916	$	850
Basic per share(1)	$	0.16	$	1.82	$	1.68
Diluted per share(1)	$	0.16	$	1.79	$	1.65

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