(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 years ended December 31:
(Amounts in millions, except per share amounts)202520242023
Weighted-average common shares used in basic earnings (loss) per share calculations409.0 433.9 468.8 
Potentially dilutive securities:
Performance stock units, restricted stock units and other equity-based awards5.0 5.5 6.1 
Weighted-average common shares used in diluted earnings (loss) per share calculations414.0 439.4 474.9 
Income (loss) from continuing operations:
Income (loss) from continuing operations$349 $437 $199 
Less: net income (loss) from continuing operations attributable to noncontrolling interests127 128 123 
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders$222 $309 $76 
Basic per share$0.54 $0.71 $0.16 
Diluted per share$0.54 $0.70 $0.16 
Income (loss) from discontinued operations:
Income (loss) from discontinued operations, net of taxes$$(10)$— 
Basic per share$— $(0.02)$— 
Diluted per share$— $(0.02)$— 
Net income (loss):
Income (loss) from continuing operations$349 $437 $199 
Income (loss) from discontinued operations, net of taxes(10)— 
Net income (loss)350 427 199 
Less: net income (loss) attributable to noncontrolling interests127 128 123 
Net income (loss) available to Genworth Financial, Inc.’s common stockholders$223 $299 $76 
Basic per share
$0.54 $0.69 $0.16 
Diluted per share$0.54 $0.68 $0.16 

Historical Timeline

Fiscal YearFiled
2025Feb 27, 2026Showing above
2023Feb 29, 2024
2022Feb 28, 2023
2021Feb 28, 2022
2020Feb 26, 2021

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.