Genworth Financial Inc (GNW) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
11011 WEST BROAD STREET GLEN ALLEN, VA 23060 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6311 - Life Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Receivables | 3 | ||||||||
| Total current assets: | 3 | ||||||||
| Noncurrent Assets | |||||||||
| Intangible assets, net (including goodwill) | 197 | 198 | 199 | 201 | 203 | 241 | |||
| Intangible assets, net (excluding goodwill) | 197 | 198 | 199 | 201 | 203 | 241 | |||
| Deferred income tax assets | 1,839 | 1,952 | 1,580 | 1,954 | 2,004 | 1,344 | |||
| Total noncurrent assets: | 2,036 | 2,150 | 1,779 | 2,155 | 2,207 | 1,585 | |||
| Other undisclosed assets | 87,156 | 88,667 | 83,687 | 87,689 | 88,971 | 84,854 | |||
| TOTAL ASSETS: | 89,192 | 90,817 | 85,466 | 89,844 | 91,178 | 86,442 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 43 | ||||||||
| Accrued liabilities | 43 | ||||||||
| Disposal group, including discontinued operation | 6 | ||||||||
| Total current liabilities: | 43 | 6 | |||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 80,313 | 82,439 | 76,588 | 81,577 | 82,953 | 75,697 | |||
| Total liabilities: | 80,313 | 82,482 | 76,588 | 81,577 | 82,953 | 75,703 | |||
| Equity | |||||||||
| Equity, attributable to parent | 8,006 | 7,480 | 8,056 | 7,460 | 7,432 | 9,984 | |||
| Common stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Treasury stock, value | (3,126) | (3,063) | (3,028) | (2,947) | (2,833) | (2,764) | |||
| Additional paid in capital | 11,873 | 11,884 | 11,877 | 11,869 | 11,863 | 11,869 | |||
| Accumulated other comprehensive loss | (2,094) | (2,555) | (2,220) | (2,861) | (2,858) | (2,220) | |||
| Retained earnings | 1,352 | 1,213 | 1,426 | 1,398 | 1,259 | 3,098 | |||
| Equity, attributable to noncontrolling interest | 873 | 855 | 822 | 807 | 793 | 755 | |||
| Total equity: | 8,879 | 8,335 | 8,878 | 8,267 | 8,225 | 10,739 | |||
| TOTAL LIABILITIES AND EQUITY: | 89,192 | 90,817 | 85,466 | 89,844 | 91,178 | 86,442 | |||
Income Statement (P&L) ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,864 | 1,911 | 1,831 | 1,892 | 1,854 | 1,895 | ||
| Premiums earned, net | 875 | 904 | 915 | 902 | 915 | 927 | ||
| Net investment income | 782 | 810 | 801 | 785 | 787 | 787 | ||
| Cost of revenue | (1,328) | (1,362) | (1,327) | (1,302) | (1,303) | (1,348) | ||
| Policyholder benefits and claims incurred, net | (1,203) | (1,233) | (1,199) | (1,175) | (1,172) | |||
| Gross profit: | 536 | 549 | 504 | 590 | 551 | 547 | ||
| Operating expenses | (243) | (256) | (237) | (235) | (295) | (289) | ||
| Other undisclosed operating loss | (1,163) | (454) | ||||||
| Operating income (loss): | 293 | (870) | 267 | 355 | 256 | (196) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 26 | 14 | (65) | 15 | (33) | (4) | ||
| Interest and debt expense | (30) | (32) | (30) | (29) | (29) | (22) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 451 | 545 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 289 | (437) | 172 | 341 | 194 | 323 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (53) | 220 | (82) | (120) | (61) | (63) | ||
| Income (loss) from continuing operations before income taxes: | 236 | (217) | 90 | 221 | 133 | 260 | ||
| Income tax expense (benefit) | (66) | 36 | (30) | (55) | (39) | (56) | ||
| Income (loss) from continuing operations: | 170 | (181) | 60 | 166 | 94 | 204 | ||
| Income (loss) from discontinued operations | (1) | 2 | ||||||
| Other undisclosed net loss | (2) | (2) | ||||||
| Net income (loss): | 169 | (183) | 60 | 168 | 94 | 202 | ||
| Net loss attributable to noncontrolling interest | (30) | (29) | (31) | (31) | (32) | (27) | ||
| Net income (loss) available to common stockholders, diluted: | 139 | (212) | 29 | 137 | 62 | 175 | ||
Comprehensive Income ($ in millions)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 169 | (183) | 60 | 168 | 94 | 202 | ||
| Other comprehensive income (loss) | 460 | (304) | 631 | (13) | (229) | 553 | ||
| Comprehensive income (loss): | 629 | (487) | 691 | 155 | (135) | 755 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (29) | (60) | (21) | (26) | (44) | (35) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 600 | (547) | 670 | 129 | (179) | 720 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.