Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2022

Earnings (Loss) Per Share

(3) 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 periods indicated:

	Three months ended June 30,						Six months ended June 30,
(Amounts in millions, except per share amounts)	2022			2021			2022			2021
Weighted-average shares used in basic earnings per share calculations		509.0			507.0			508.6			506.5
Potentially dilutive securities:
Stock options, restricted stock units and other equity-based awards		5.2			8.0			7.2			7.9
Weighted-average shares used in diluted earnings per share calculations		514.2			515.0			515.8			514.4
Income from continuing operations:
Income from continuing operations	$	220		$	245		$	401		$	419
Less: net income from continuing operations attributable to noncontrolling interests		38			—			68			—
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders	$	182		$	245		$	333		$	419
Basic per share	$	0.36		$	0.48		$	0.65		$	0.83
Diluted per share	$	0.36		$	0.47		$	0.65		$	0.82
Income (loss) from discontinued operations:
Income (loss) from discontinued operations, net of taxes	$	(1	)	$	(5	)	$	(3	)	$	16
Less: net income from discontinued operations attributable to noncontrolling interests		—			—			—			8
Income (loss) from discontinued operations available to Genworth Financial, Inc.’s common stockholders	$	(1	)	$	(5	)	$	(3	)	$	8
Basic per share	$	—		$	(0.01	)	$	(0.01	)	$	0.02
Diluted per share	$	—		$	(0.01	)	$	(0.01	)	$	0.02
Net income:
Income from continuing operations	$	220		$	245		$	401		$	419
Income (loss) from discontinued operations, net of taxes		(1	)		(5	)		(3	)		16
Net income		219			240			398			435
Less: net income attributable to noncontrolling interests		38			—			68			8
Net income available to Genworth Financial, Inc.’s common stockholders	$	181		$	240		$	330		$	427
Basic per share (1)	$	0.36		$	0.47		$	0.65		$	0.84
Diluted per share (1)	$	0.35		$	0.47		$	0.64		$	0.83

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