Earnings release
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Genworth Financial Announces Second Quarter 2021 Results Second Quarter Net Income Of $ 240 Million And Adjusted Operating Income Of $ 194 Million NEWS PROVIDED BY Genworth Financial , Inc. → Aug 03 , 2021 , 16:45 ET RICHMOND , Va . , Aug. 3 , 2021 / PRNewswire / -- Continued Progress On Company's Strategic Objectives With Strong Second Quarter Earnings , Preparations For An Initial Public Offering ( IPO ) Of Minority Interest In Enact¹ And Holding Company Debt Reduction Enact Adjusted Operating Income Of $ 135 Million From Favorable Loss Performance Driven By Lower New Delinquencies Enact's PMIERs² Sufficiency Ratio Estimated At 165 Percent , $ 1,941 Million Above Published Requirements U.S. Life Insurance Segment Adjusted Operating Income Of $ 71 Million Driven By LTC3 Results Benefitting From In Force Rate Actions And Net Investment Income Continued Progress Toward LTC Multi - Year Rate Action Plan ( MYRAP ) With $ 49 Million Incremental Annual Rate Increases Approved In Second Quarter , With An Estimated Net Present Value ( NPV ) Of Approximately $ 300 Million Holding Company Cash And Liquid Assets Of $ 842 Million , Including $ 19 Million Restricted September 2021 Debt Redemption Of $ 513 Million Completed Subsequent To Quarter - End Genworth Financial , Inc. ( NYSE : GNW ) today reported results for the quarter ended June 30 , 2021. The company reported net income of $ 240 million , or $ 0.47 per diluted share , in the second quarter of 2021 , compared with a net loss of $ 441 million , or $ 0.86 per diluted share , in the second quarter of 2020. The company reported adjusted operating income5 of go