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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,032  2,8752,7845,965
Cash and cash equivalents1,032  2,8752,7845,965
Total current assets:1,032  2,8752,7845,965
Noncurrent Assets
Intangible assets, net (including goodwill), including:200 347301348357
Goodwill    1414
Intangible assets, net (excluding goodwill)200 334286334343
Other undisclosed intangible assets, net (including goodwill)  1315  
Deferred income tax assets107 
Total noncurrent assets:307 347301348357
Other undisclosed assets104,408 100,576102,121101,526100,109
TOTAL ASSETS:105,747 100,923105,297104,658106,431
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8  283610
Taxes payable8  283610
Securities loaned66     
Total current liabilities:74  283610
Noncurrent Liabilities
Other undisclosed liabilities89,853 86,73489,94190,15591,784
Total liabilities:89,927 86,73489,96990,19191,794
Stockholders' equity
Stockholders' equity attributable to parent15,318 12,45013,41812,64412,824
Common stock1 1111
Treasury stock, value(2,700) (2,700)(2,700)(2,700)(2,700)
Additional paid in capital12,008 11,98711,97711,96211,949
Accumulated other comprehensive income4,425 2,0443,0273,0943,010
Retained earnings1,584 1,1181,113287564
Stockholders' equity attributable to noncontrolling interest502 1,7391,9101,8231,813
Total stockholders' equity:15,820 14,18915,32814,46714,637
TOTAL LIABILITIES AND EQUITY:105,747 100,923105,297104,658106,431

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues8,658 8,4308,2958,3698,548
Premiums earned, net4,110 4,519
Net investment income3,260 3,2623,2003,1593,138
Financial services revenue4,8305,1385,485
Cost of revenue(6,412) (6,660)(6,235)(6,437)(6,380)
Policyholder benefits and claims incurred, net(5,391) (5,684)
Financial services costs(5,179)(5,245)(5,149)
Gross profit:2,246 1,7702,0601,9322,168
Operating expenses(1,040) (1,074)(1,117)(1,286)(1,514)
Other undisclosed operating loss  (517)   
Operating income:1,206 179943646654
Nonoperating income (expense)
(Investment Income, Nonoperating)
463 (240)177(12)(163)
Interest and debt expense(202) (299)(284)(337)(419)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(436) 808(107)23(87)
Income (loss) from continuing operations before income taxes:1,031 448729320(15)
Income tax expense (benefit)(270) (151)207(358)9
Income (loss) from continuing operations:761 297936(38)(6)
Loss from discontinued operations(549)  (9)(29)(407)
Net income (loss):212 297927(67)(413)
Net loss attributable to noncontrolling interest(34) (178)(110)(210)(202)
Net income (loss) available to common stockholders, diluted:178 119817(277)(615)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):212 297927(67)(413)
Other comprehensive income (loss)1,022 (1,270)4591(1,768)
Comprehensive income (loss):1,234 (973)97224(2,181)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(64) (22)(222)(217)106
Comprehensive income (loss), net of tax, attributable to parent:1,170 (995)750(193)(2,075)

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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