See more : Federal Home Loan Mortgage Corporation (FMCKP) Income Statement Analysis – Financial Results
Complete financial analysis of Genworth Financial, Inc. (GNW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Genworth Financial, Inc., a leading company in the Insurance – Life industry within the Financial Services sector.
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Genworth Financial, Inc. (GNW)
About Genworth Financial, Inc.
Genworth Financial, Inc. provides insurance products in the United States and internationally. The company operates in three segments: Enact, U.S. Life Insurance, and Runoff. The Enact segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products. The U.S. Life Insurance segment offers long-term care insurance products; and service traditional life insurance and fixed annuity products in the United States. The Runoff segment includes variable annuity, variable life insurance, and corporate-owned life insurance, as well as funding agreements. It distributes its products through sales force, in-house sales representatives, and digital marketing programs. The company was founded in 1871 and is headquartered in Richmond, Virginia.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7.49B | 7.51B | 7.83B | 8.66B | 8.10B | 8.43B | 8.30B | 8.37B | 8.55B | 9.57B | 9.40B | 10.02B | 10.34B | 10.09B | 9.07B | 9.95B | 11.13B | 11.03B | 10.50B | 11.06B | 11.67B | 11.23B | 11.10B | 10.23B |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 7.49B | 7.51B | 7.83B | 8.66B | 8.10B | 8.43B | 8.30B | 8.37B | 8.55B | 9.57B | 9.40B | 10.02B | 10.34B | 10.09B | 9.07B | 9.95B | 11.13B | 11.03B | 10.50B | 11.06B | 11.67B | 11.23B | 11.10B | 10.23B |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 32.00M | 16.00M | 28.00M | 39.00M | 26.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 7.37B | 1.37B | -6.67B | -8.21B | -7.56B | 7.51B | 7.12B | 7.71B | 8.14B | 9.60B | 7.18B | 8.56B | 9.29B | 9.69B | 9.47B | 10.42B | 9.04B | 8.07B | 7.75B | -11.05B | -8.41B | -7.88B | 0.00 | 0.00 |
| Operating Expenses | 7.37B | 1.37B | -6.67B | -8.21B | -7.56B | 7.51B | 7.12B | 7.71B | 8.14B | 9.60B | 7.18B | 8.56B | 9.29B | 9.69B | 9.47B | 10.42B | 9.04B | 8.07B | 7.75B | -11.05B | -8.41B | -7.88B | 0.00 | 0.00 |
| Cost & Expenses | 7.37B | 6.53B | 6.65B | 7.63B | 7.38B | 7.98B | 7.57B | 8.05B | 8.56B | 10.84B | 8.35B | 9.31B | 10.03B | 10.01B | 9.86B | 10.89B | 9.52B | 9.11B | 8.71B | 9.42B | 10.29B | 9.44B | 9.28B | 8.38B |
| Interest Income | 0.00 | 106.00M | 160.00M | 195.00M | 231.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 476.00M | -794.00M | -841.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 118.00M | 106.00M | 160.00M | 202.00M | 239.00M | 299.00M | 266.00M | 337.00M | 419.00M | 479.00M | 450.00M | 0.00 | 506.00M | 457.00M | 393.00M | 1.76B | 2.03B | 1.89B | 1.72B | 1.65B | 1.76B | 1.77B | 126.00M | 1.58B |
| Depreciation & Amortization | 262.00M | 46.00M | 44.00M | 42.00M | 79.00M | 94.00M | 115.00M | 38.00M | -199.00M | 55.00M | 650.00M | -1.17B | 743.00M | 756.00M | 782.00M | 884.00M | 802.00M | 745.00M | 853.00M | 1.24B | 1.35B | 1.22B | 0.00 | 1.39B |
| EBITDA | 461.00M | 1.52B | 1.39B | 1.17B | 1.03B | 487.00M | 936.00M | 695.00M | 404.00M | 0.00 | 1.68B | 686.00M | 872.00M | 1.15B | -303.00M | 412.00M | 2.23B | 2.33B | 2.21B | 1.83B | 4.61B | 4.58B | 0.00 | 4.83B |
| EBITDA Ratio | 6.16% | 12.71% | 14.90% | 5.17% | 6.65% | 6.75% | 10.78% | 4.99% | -2.40% | -10.38% | 14.63% | 9.86% | 13.77% | 11.36% | 3.55% | 4.14% | 40.51% | 41.28% | 41.59% | 41.01% | 39.49% | 40.74% | 100.00% | 21.44% |
| Operating Income | 199.00M | 739.00M | 1.17B | 448.00M | 538.00M | 569.00M | 936.00M | -38.00M | -6.00M | -1.05B | 726.00M | 988.00M | 261.00M | 390.00M | -460.00M | -472.00M | 3.71B | 1.36B | 3.52B | 7.00M | 3.26B | 3.35B | 11.10B | 10.23B |
| Operating Income Ratio | 2.66% | 9.84% | 14.90% | 5.17% | 6.65% | 6.75% | 11.28% | -0.45% | -0.07% | -10.96% | 7.72% | 9.86% | 2.52% | 3.87% | -5.07% | -4.74% | 33.30% | 12.31% | 33.47% | 0.06% | 27.92% | 29.87% | 100.00% | 100.00% |
| Total Other Income/Expenses | 104.00M | 1.87B | 263.00M | 1.48B | 195.00M | 748.00M | -207.00M | 358.00M | 705.00M | -1.30B | 324.00M | -565.00M | -55.00M | -314.00M | -332.00M | -942.00M | -731.00M | -299.00M | -364.00M | 1.63B | 1.31B | 1.79B | -9.28B | -8.38B |
| Income Before Tax | 303.00M | 978.00M | 1.18B | 1.03B | 714.00M | 448.00M | 729.00M | 320.00M | -15.00M | -1.28B | 1.05B | 712.00M | 314.00M | 76.00M | -792.00M | -942.00M | 1.61B | 1.92B | 1.80B | 1.64B | 1.38B | 1.79B | 1.82B | 1.85B |
| Income Before Tax Ratio | 4.05% | 13.03% | 15.08% | 11.91% | 8.82% | 5.31% | 8.79% | 3.82% | -0.18% | -13.34% | 11.17% | 7.10% | 3.04% | 0.75% | -8.73% | -9.47% | 14.44% | 17.39% | 17.12% | 14.81% | 11.84% | 15.95% | 16.40% | 18.10% |
| Income Tax Expense | 104.00M | 239.00M | 263.00M | 270.00M | 195.00M | 151.00M | -207.00M | 358.00M | -9.00M | -228.00M | 324.00M | 189.00M | 53.00M | -209.00M | -393.00M | -370.00M | 452.00M | 594.00M | 577.00M | 493.00M | 413.00M | 411.00M | 1.82B | 576.00M |
| Net Income | 76.00M | 609.00M | 850.00M | 761.00M | 519.00M | 119.00M | 817.00M | -277.00M | -615.00M | -1.24B | 560.00M | 323.00M | 122.00M | 142.00M | -460.00M | -572.00M | 1.22B | 1.33B | 1.22B | 1.16B | 1.08B | 1.17B | 0.00 | 1.28B |
| Net Income Ratio | 1.01% | 8.11% | 10.85% | 8.79% | 6.41% | 1.41% | 9.85% | -3.31% | -7.19% | -13.01% | 5.96% | 3.22% | 1.18% | 1.41% | -5.07% | -5.75% | 10.97% | 12.04% | 11.62% | 10.46% | 9.26% | 10.46% | 0.00% | 12.47% |
| EPS | 0.16 | 1.21 | 1.78 | 1.51 | 1.03 | 0.24 | 1.64 | -0.56 | -1.24 | -2.51 | 1.13 | 0.66 | 0.08 | 0.11 | -1.02 | -1.32 | 2.77 | 2.91 | 2.57 | 2.27 | 1.88 | 2.42 | 0.00 | 2.62 |
| EPS Diluted | 0.16 | 1.19 | 1.76 | 1.49 | 1.02 | 0.24 | 1.63 | -0.56 | -1.24 | -2.51 | 1.12 | 0.66 | 0.08 | 0.11 | -1.02 | -1.32 | 2.73 | 2.83 | 2.52 | 2.26 | 1.88 | 2.42 | 0.00 | 2.62 |
| Weighted Avg Shares Out | 468.80M | 504.40M | 506.90M | 505.20M | 502.90M | 500.40M | 499.00M | 496.00M | 495.24M | 496.40M | 493.60M | 491.60M | 490.60M | 489.30M | 451.10M | 433.20M | 439.70M | 455.90M | 475.30M | 489.50M | 489.50M | 485.71M | 485.71M | 485.71M |
| Weighted Avg Shares Out (Dil) | 474.90M | 510.90M | 514.70M | 511.60M | 509.70M | 500.40M | 501.40M | 498.30M | 497.40M | 496.40M | 498.70M | 494.40M | 493.50M | 493.90M | 451.10M | 433.20M | 447.60M | 469.40M | 484.60M | 490.50M | 489.50M | 485.71M | 485.71M | 485.71M |
Genworth Financial Announces Election of Elaine Sarsynski to Board of Directors
RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced the election of a new independent director to its Board of Directors: Elaine Sarsynski, former Chairwoman, Chief Executive Officer and President of Mass Mutual International. She will stand for election with...
Genworth Financial Announces Election of Elaine Sarsynski to Board of Directors
RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth announced the election of Elaine Sarsynski to its Board of Directors, as well as current board member Debra Perry's intent to retire in May.
Genworth Financial Receives Ratings Upgrade From S&P
RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced that S&P Global Ratings (S&P) has upgraded the issuer credit ratings of Genworth Financial, Inc. and Genworth Holdings, Inc. to B+ from B. The outlook for the ratings remains positive. “This...
Genworth Financial Receives Ratings Upgrade From S&P
RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--S&P Global Ratings has upgraded the issuer credit ratings of Genworth Financial, Inc. and Genworth Holdings, Inc. to B+ from B.
Change in Long-Term Care Costs in Hawaii Mixed; Labor Market Shifts and Continued COVID-19 Pressure Affect Future Costs
RICHMOND, Va.--(BUSINESS WIRE)--As the national annual median cost of long-term care services increased across the board this year, in Hawaii the increase in the cost for assisted living facility care surpassed the national trend while the increase in costs for...
Change in Long-Term Care Costs in Alaska Mixed; Labor Market Shifts and Continued COVID-19 Pressure Affect Future Costs
RICHMOND, Va.--(BUSINESS WIRE)--While the national annual median cost of long-term care services increased across the board this year, costs in Alaska for nursing home care, with the highest medians reported, actually decreased since 2020. Nationally, labor market shifts drove increased...
Change in Long-Term Care Costs in Washington Mixed; Labor Market Shifts and Continued COVID-19 Pressure Affect Future Costs
RICHMOND, Va.--(BUSINESS WIRE)--While the national annual median cost of long-term care services increased across the board this year, costs in Washington for nursing home care actually decreased since 2020, while increases in costs for home care and assisted living facility...
Increase in Long-Term Care Costs in Oregon Mirror National Trends; Labor Market Shifts and Continued COVID-19 Pressure Affect Future Costs
RICHMOND, Va.--(BUSINESS WIRE)--The cost of most long-term care services in Oregon increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to...
Change in Long-Term Care Costs in Nevada Mixed; Labor Market Shifts and Continued COVID-19 Pressure Affect Future Costs
RICHMOND, Va.--(BUSINESS WIRE)--While the national annual median cost of long-term care services increased across the board this year, costs in Nevada for nursing home care actually stayed flat or decreased since 2020, while costs for other care services generally reflected...
Change in Long-Term Care Costs in California Mixed; Labor Market Shifts and Continued COVID-19 Pressure Affect Future Costs
RICHMOND, Va.--(BUSINESS WIRE)--As the national annual median cost of long-term care services increased across the board this year, costs for most care services in California reflected national trends while increases in the costs for nursing home care surpassed national trends....
Source: https://incomestatements.info
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