Genworth Financial, Inc. (GNW) Income Statement Analysis

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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)

Industry: Insurance - Life

Sector: Financial Services

Website: https://www.genworth.com

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 Third Quarter 2023 Results

November 8, 2023businesswire.com

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended September 30, 2023. “I am very pleased with Enact's continued strong financial performance, and as expected, we experienced volatility in our LTC results due...

Genworth Announces Completion of Bondholder Consent Solicitation

October 25, 2023businesswire.com

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth announces successful completion of bondholder consent solicitation of 2034 Senior Notes to amend Replacement Capital Covenant.

Genworth Financial Schedules Earnings Conference Call for November 9

October 12, 2023businesswire.com

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth schedules third quarter earnings conference call for November 9.

5 Turnaround Stocks for October 2023, According to AI

October 9, 2023investorplace.com

This article is an excerpt from the InvestorPlace Digest newsletter. To get news like this delivered straight to your inbox, click here.

Genworth Financial, Inc (GNW) Q2 2023 Earnings Call Transcript

August 9, 2023seekingalpha.com

Genworth Financial, Inc (NYSE:GNW ) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Sarah Crews - Investor Relations Tom McInerney - President and Chief Executive Officer Jerome Upton - Chief Financial Officer Conference Call Participants...