Earnings (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 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 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.