Genworth Financial Inc (GNW) financial statements (2022 and earlier)

Company profile

Business Address 6620 WEST BROAD STREET
RICHMOND, VA 23230
State of Incorp. DE
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments    1,032740494
Cash and cash equivalents    1,032740494
Total current assets:    1,032740494
Noncurrent Assets
Intangible assets, net (including goodwill), including:143147151155200209223
Intangible assets, net (excluding goodwill)143147151155200  
Other undisclosed intangible assets, net (including goodwill)     209223
Deferred income tax assets119209211314107250286
Total noncurrent assets:262356362469307459509
Other undisclosed assets98,90999,519100,28898,089104,408103,726102,634
TOTAL ASSETS:99,17199,875100,65098,558105,747104,925103,637
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2   8  
Taxes payable2   8  
Securities loaned    66  
Disposal group, including discontinued operation44421   
Total current liabilities:6442174  
Noncurrent Liabilities
Other undisclosed liabilities82,89983,81985,48283,77989,85389,69388,549
Total liabilities:82,90583,82385,48683,80089,92789,69388,549
Stockholders' equity
Stockholders' equity attributable to parent15,51015,27615,16414,75815,31814,75614,643
Common stock1111111
Treasury stock, value(2,700)(2,700)(2,700)(2,700)(2,700)(2,700)(2,700)
Additional paid in capital11,85811,85012,01812,01112,00811,99711,996
Accumulated other comprehensive income3,8613,8003,8343,6754,4254,1414,447
Retained earnings2,4902,3252,0111,7711,5841,317899
Stockholders' equity attributable to noncontrolling interest756776  502476445
Total stockholders' equity:16,26616,05215,16414,75815,82015,23215,088
TOTAL LIABILITIES AND EQUITY:99,17199,875100,65098,558105,747104,925103,637

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues1,7362,0702,0411,9852,2632,4202,138
Premiums earned, net 9449479681,0421,0341,019
Net investment income 859844801854827786
Cost of revenue(1,391)(1,266)(1,288)(1,349)(1,849)(1,436)(1,625)
Policyholder benefits and claims incurred, net (1,143)(1,161)(1,218) (1,299)(1,486)
Gross profit:345804753636414984513
Operating expenses(389)(293)(309)(296)(312)(249)(229)
Other undisclosed operating loss(486)      
Operating income (loss):(530)511444340102735284
Nonoperating income
(Investment Income, Nonoperating)
109664813151351138
Interest and debt expense(76)(35)(43)(51)(57)(49)(44)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes752(169)(129)(69)184(452)(230)
Income from continuing operations before income taxes:255373320233380585148
Income tax expense(62)(67)(75)(59)(84)(150)(46)
Income from continuing operations:193306245174296435102
Income (loss) from discontinued operations(1)12(5)21(30)1(520)
Net income (loss):192318240195266436(418)
Net income (loss) attributable to noncontrolling interest(29)(4) (8)1(18)(23)
Net income (loss) available to common stockholders, diluted:163314240187267418(441)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):192318240195266436(418)
Other comprehensive income (loss)51(9)159(603)311(293)669
Comprehensive income (loss):243309399(408)577143251
Comprehensive loss, net of tax, attributable to noncontrolling interest(19)(3) (155)(26)(31)(60)
Comprehensive income (loss), net of tax, attributable to parent:224306399(563)551112191

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: