Genworth Financial Inc (NYSE:GNW), a financial security company, has released its earning report for the first quarter of 2015.

Genworth Financial reported earnings per share for the first quarter of 2015 of 31 cents, or $154 million. This was down from last year’s $184 million, which came to 37 cents per share. However, it did beat analysts’ estimates for the company, which were set at 26 cents per share.

Genworth Financial’s reported revenue for the first quarter of 2015 is $2.335 billion. Revenue for the same time last year sat at $2.322 billion. Wall Street was expecting the company to report revenue of $2.42 billion for this quarter.

Genworth Financial experienced heavy losses last year due to the unexpected costs of long-term care coverage. It’s earnings report for the first quarter of 2015 marks the first time in three quarters that the company has posted profits, reports Bloomberg.

GNW shares were up 12% as of Noon Wednesday.

More From InvestorPlace