Genworth Financial has reported net income of $166m, or $0.34 per diluted share for the fourth quarter of 2012, compared to $142m, or $0.29 during the same period previous year.

Net operating income stood at was $167m, or $0.34 per diluted share, against $124m, or $0.25 during the comparable period earlier year.

US Life Insurance division net operating income decreased to $76m, against $94m, while Life insurance net operating income stood at $49m, versus $48m during the year ago quarter.

Long term care insurance net operating income was $7m, compared to $28m, Fixed annuities net operating income was $20m against $18m during the corresponding period a year ago.

Global Mortgage Insurance division has registered net operating income of $131m, compared to a net operating loss of $13m during the same period a year ago.

Reported International Mortgage Insurance segment operating earnings were $165m against $83m, while Canada operating earnings stood at $114m compared to $40m during the year ago quarter.

Australia Mortgage Insurance segment reported net operating earnings of $62m versus $54m in the prior year.

Genworth Financial offers life insurance, long term care insurance, mortgage insurance, financial protection coverages, and independent advisor-based wealth management services.