Genworth Financial Inc (GNW) Financial Statements (2024 and earlier)

Company Profile

Business Address 6620 WEST BROAD STREET
RICHMOND, VA 23230
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Receivables   3   
Total current assets:   3   
Noncurrent Assets
Intangible assets, net (including goodwill)201203241237236159
Intangible assets, net (excluding goodwill)201203241237236159
Deferred income tax assets1,9542,0041,3441,5331,047421
Total noncurrent assets:2,1552,2071,5851,7701,283580
Other undisclosed assets87,68988,97184,85484,16987,78592,907
TOTAL ASSETS:89,84491,17886,44285,93989,06893,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Disposal group, including discontinued operation   6 33
Total current liabilities:   6 33
Noncurrent Liabilities
Other undisclosed liabilities81,57782,95375,69775,89076,49478,332
Total liabilities:81,57782,95375,70375,89076,49778,335
Equity
Equity, attributable to parent7,4607,4329,9849,29111,82014,407
Common stock111111
Treasury stock, value(2,947)(2,833)(2,764)(2,734)(2,715)(2,700)
Additional paid in capital11,86911,86311,86911,86511,85911,857
Accumulated other comprehensive income (loss)(2,861)(2,858)(2,220)(2,765)(145)2,610
Retained earnings1,3981,2593,0982,9242,8202,639
Equity, attributable to noncontrolling interest807793755758751745
Total equity:8,2678,22510,73910,04912,57115,152
TOTAL LIABILITIES AND EQUITY:89,84491,17886,44285,93989,06893,487

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,8921,8541,8951,8391,8811,892
Premiums earned, net902915927934927931
Net investment income785787787808787764
Cost of revenue(1,302)(1,303)(1,348)(1,308)(889)(1,264)
Policyholder benefits and claims incurred, net(1,175)(1,172) (1,180)(764)(1,139)
Gross profit:590551547531992628
Operating expenses(235)(295)(289)(234)(590)(271)
Other undisclosed operating loss   (454)   
Operating income (loss):355256(196)297402357
Nonoperating income (expense)
(Investment Income, Nonoperating)
15(33)(4)(90)(14)8
Interest and debt expense(29)(29)(22)(26)(26)(26)
Other undisclosed income from continuing operations before equity method investments, income taxes   545   
Income from continuing operations before equity method investments, income taxes:341194323181362339
Other undisclosed income (loss) from continuing operations before income taxes(120)(61)(63)5(69)(100)
Income from continuing operations before income taxes:221133260186293239
Income tax expense(55)(39)(56)(52)(73)(58)
Income from continuing operations:16694204134220181
Income before gain (loss) on sale of properties:139219179
Income (loss) from discontinued operations 2  5(1)(2)
Other undisclosed net loss   (2)   
Net income:16894202139219179
Net loss attributable to noncontrolling interest(31)(32)(27)(35)(38)(30)
Net income available to common stockholders, diluted:13762175104181149

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:16894202139219179
Other comprehensive income (loss)(13)(229)553(2,645)(2,783)(1,292)
Comprehensive income (loss):155(135)755(2,506)(2,564)(1,113)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(26)(44)(35)(10)(10)11
Comprehensive income (loss), net of tax, attributable to parent:129(179)720(2,516)(2,574)(1,102)

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.

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