Genworth Financial Inc (GNW) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  2,8752,7845,9654,9184,214
Cash and cash equivalents  2,8752,7845,9654,9184,214
Receivables     30 
Total current assets:  2,8752,7845,9654,9484,214
Noncurrent Assets
Intangible assets, net (including goodwill), including:2013473013483572881,266
Goodwill   141416867
Intangible assets, net (excluding goodwill)196334286334343272399
Other undisclosed intangible assets, net (including goodwill)51315   
Deferred income tax assets425
Total noncurrent assets:6263473013483572881,266
Other undisclosed assets100,716100,576102,121101,526100,109106,122102,565
TOTAL ASSETS:101,342100,923105,297104,658106,431111,358108,045
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities19 283610 132
Taxes payable19 283610 132
Debt     553 
Securities loaned49      
Total current liabilities:68 283610553132
Noncurrent Liabilities
Other undisclosed liabilities86,64286,73489,94190,15591,78494,00892,293
Total liabilities:86,71086,73489,96990,19191,79494,56192,425
Stockholders' equity
Stockholders' equity attributable to parent14,18512,45013,41812,64412,82414,92314,393
Common stock1111111
Treasury stock, value(2,700)(2,700)(2,700)(2,700)(2,700)(2,700)(2,700)
Additional paid in capital11,99011,98711,97711,96211,94911,99712,127
Accumulated other comprehensive income3,4332,0443,0273,0943,0104,4462,542
Retained earnings1,4611,1181,1132875641,1792,423
Stockholders' equity attributable to noncontrolling interest4471,7391,9101,8231,8131,8741,227
Total stockholders' equity:14,63214,18915,32814,46714,63716,79715,620
TOTAL LIABILITIES AND EQUITY:101,342100,923105,297104,658106,431111,358108,045

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8,0968,4308,2958,3698,5489,5659,403
Premiums earned, net4,0374,519
Net investment income3,2203,2623,2003,1593,1383,2423,271
Financial services revenue4,8305,1385,4856,3436,169
Cost of revenue(6,157)(6,660)(6,235)(6,437)(6,380)(7,880)(4,895)
Policyholder benefits and claims incurred, net(5,163)(5,684)
Policyholder account balance, interest expense(577)(611)(646)(696)(720)(737)738
Financial services costs(5,179)(5,245)(5,149)(6,620)(4,895)
Gross profit:1,9391,7702,0601,9322,1681,6854,508
Operating expenses(1,030)(1,074)(1,117)(1,286)(1,514)(2,512)(1,777)
Other undisclosed operating income (loss) (517)   446(2,115)
Operating income (loss):909179943646654(381)616
Nonoperating income (expense)
(Investment Income, Nonoperating)
50(240)177(12)(163)(114)(101)
Interest and debt expense(239)(299)(284)(337)(419)(479)(492)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(6)808(107)23(87)(302)1,027
Income (loss) from continuing operations before income taxes:714448729320(15)(1,276)1,050
Income tax expense (benefit)(195)(151)207(358)9228(324)
Income (loss) from continuing operations:519297936(38)(6)(1,048)726
Income (loss) from discontinued operations11 (9)(29)(407) (12)
Net income (loss):530297927(67)(413)(1,048)714
Net loss attributable to noncontrolling interest(187)(178)(110)(210)(202)(196)(154)
Net income (loss) available to common stockholders, diluted:343119817(277)(615)(1,244)560

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):530297927(67)(413)(1,048)714
Other comprehensive income (loss)1,556(1,270)4591(1,768)1,797(2,783)
Comprehensive income (loss):2,086(973)97224(2,181)749(2,069)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(354)(22)(222)(217)106(32)31
Other undisclosed comprehensive loss, net of tax, attributable to parent      (62)
Comprehensive income (loss), net of tax, attributable to parent:1,732(995)750(193)(2,075)717(2,100)

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.

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