Genworth (GNW) beat second-quarter earnings targets and boosted its full-year operating earnings target by a dime a share.

The Richmond, Va., insurer made $317 million, or 68 cents a share, for the quarter ended June 30, up from the year-ago $285 million, or 60 cents a share. Excluding a $22 million net investment loss, the latest-quarter profit was 72 cents a share, 4 cents better than the Thomson Financial analyst consensus estimate.

Revenue rose to $2.75 billion from $2.61 billion a year ago, beating the $2.73 billion Wall Street estimate.

"We had an outstanding quarter with good organic growth, international expansion, in-force performance and disciplined redeployment of capital," said CEO Michael D. Fraizer. "This performance keeps us on track for around 11 percent total year operating return on equity and we are raising our full year net operating earnings outlook by 10 cents, to a range of $2.75 to $2.85 per share."

Shares slipped a dime Thursday to $33.97.

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