Lively sales of term life insurance and fixed annuities helped Genworth Financial Inc. overcome weak benefits sales during the second quarter.[@@]
Genworth, Richmond, Va., is reporting $285 million in net income for the latest quarter on $2.6 billion in revenue, compared with $268 million in net income on $2.9 billion in revenue for the second quarter of 2004.
Genworth, a company that separated from General Electric Company, Fairfield, Conn., through a public stock offering in May 2004, says its "pro forma" revenue for the second quarter of 2004 was $2.6 billion.
