Earnings Per Share

6 Months Ended

Jun. 30, 2024

Earnings Per Share

(3) Earnings Per Share

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

	Three months ended June 30,					Six months ended June 30,
(Amounts in millions, except per share amounts)	2024			2023		2024			2023
Weighted-average common shares used in basic earnings per share calculations		436.4			473.2		439.7			482.7
Potentially dilutive securities:
Performance stock units, restricted stock units and other equity-based awards		4.3			4.9		5.8			6.4
Weighted-average common shares used in diluted earnings per share calculations		440.7			478.1		445.5			489.1
Income from continuing operations:
Income from continuing operations	$	111		$	166	$	281		$	320
Less: net income from continuing operations attributable to noncontrolling interests		34			31		64			63
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders	$	77		$	135	$	217		$	257
Basic per share	$	0.18		$	0.28	$	0.49		$	0.53
Diluted per share	$	0.17		$	0.28	$	0.49		$	0.53
Income (loss) from discontinued operations:
Income (loss) from discontinued operations, net of taxes	$	(1	)	$	2	$	(2	)	$	2
Basic per share	$	—		$	0.01	$	—		$	0.01
Diluted per share	$	—		$	0.01	$	—		$	0.01
Net income:
Income from continuing operations	$	111		$	166	$	281		$	320
Income (loss) from discontinued operations, net of taxes		(1	)		2		(2	)		2
Net income		110			168		279			322
Less: net income attributable to noncontrolling interests		34			31		64			63
Net income available to Genworth Financial, Inc.’s common stockholders	$	76		$	137	$	215		$	259
Basic per share (1)	$	0.17		$	0.29	$	0.49		$	0.54
Diluted per share (1)	$	0.17		$	0.29	$	0.48		$	0.53

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