See more : FSA Group Limited (FSA.AX) 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 |
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AM Best Upgrades Issuer Credit Ratings for Most of Genworth Financial, Inc.’s U.S. Life Subsidiaries; Downgrades Credit Ratings of Genworth Life and Annuity Insurance Company
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “b+” (Marginal) from “b” (Marginal) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) of Genworth Life Insurance Company (GLIC) (Wilmington, DE) and Genworth Life...
AM Best Upgrades Issuer Credit Ratings for Most of Genworth Financial, Inc.'s U.S. Life Subsidiaries; Downgrades Credit Ratings of Genworth Life and Annuity Insurance Company
OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “b+” (Marginal) from “b” (Marginal) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) of Genworth Life Insurance Company (GLIC) (Wilmington, DE) and...
Genworth Financial, Inc. (GNW) Q3 2022 Earnings Call Transcript
Genworth Financial, Inc. (NYSE:GNW ) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Sarah Crews - Director, Investor Relations Tom McInerney - President and CEO Dan Sheehan - Chief Financial Officer and CIO Brian Haendiges...
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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended September 30, 2022. The company reported net income2 of $104 million, or $0.20 per diluted share, in the third quarter of 2022, compared with net income...
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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended September 30, 2022. The company reported net income2 of $104 million, or $0.20 per diluted share, in the third quarter of 2022, compared with net income...
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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing third quarter results after the market closes on November 1, 2022. A conference call will be held on November 2, 2022 at 9:00 a.m....
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