Genworth Financial has reported net income of $29m, or $0.06 per diluted share, compared with net income of $83m, or $0.17 per diluted share, in the third quarter of 2010.
The company has posted net operating income for the third quarter of 2011 was $104m, or $0.21 per diluted share, compared with net operating income of $29m, or $0.06 per diluted share, in the third quarter of 2010.
Total revenue of $2.52bn for the third quarter of 2011, compared to $2.66bn in the same quarter last year.
Life insurance earnings were $72m for the third quarter of 2011 , compared with $33m in the prior year.
Genworth Financial chairman and CEO Michael Fraizer said third quarter reported earnings reflected improvement in Retirement and Protection and consistent overall international performance, excluding tax items.
"US Mortgage Insurance losses declined due to good loss mitigation results, stability in the aging of loan delinquencies and higher levels of profitable new business," Fraizer said.