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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Genworth Financial Announces First Quarter 2022 Results
RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended March 31, 2022. The company reported net income1 of $149 million, or $0.29 per diluted share, in the first 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 March 31, 2022. The company reported net income1 of $149 million, or $0.29 per diluted share, in the first quarter of 2022, compared with net income...
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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced that its Board of Directors has authorized a share repurchase program under which Genworth may repurchase up to $350 million of its outstanding Class A common stock. “The Board’s decision to...
Genworth Financial Announces $350 Million Share Repurchase Authorization
RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial, Inc. (NYSE: GNW) today announced that its Board of Directors has authorized a share repurchase program under which Genworth may repurchase up to $350 million of its outstanding Class A common stock. “The Board's...
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Genworth Financial Schedules Earnings Conference Call For May 4th
RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing first quarter results after the market closes on May 3, 2022. A conference call will be held on May 4, 2022 at 9:00 a.m....
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