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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,032  2,8752,784
Cash and cash equivalents 1,032  2,8752,784
Total current assets: 1,032  2,8752,784
Noncurrent Assets
Intangible assets, net (including goodwill), including:143200 347301348
Goodwill     14
Intangible assets, net (excluding goodwill)143200 334286334
Other undisclosed intangible assets, net (including goodwill)   1315 
Deferred income tax assets119107 
Total noncurrent assets:262307 347301348
Other undisclosed assets98,909104,408 100,576102,121101,526
TOTAL ASSETS:99,171105,747 100,923105,297104,658
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28  2836
Taxes payable28  2836
Securities loaned 66    
Disposal group, including discontinued operation4     
Total current liabilities:674  2836
Noncurrent Liabilities
Other undisclosed liabilities82,89989,853 86,73489,94190,155
Total liabilities:82,90589,927 86,73489,96990,191
Stockholders' equity
Stockholders' equity attributable to parent15,51015,318 12,45013,41812,644
Common stock11 111
Treasury stock, value(2,700)(2,700) (2,700)(2,700)(2,700)
Additional paid in capital11,85812,008 11,98711,97711,962
Accumulated other comprehensive income3,8614,425 2,0443,0273,094
Retained earnings2,4901,584 1,1181,113287
Stockholders' equity attributable to noncontrolling interest756502 1,7391,9101,823
Total stockholders' equity:16,26615,820 14,18915,32814,467
TOTAL LIABILITIES AND EQUITY:99,171105,747 100,923105,297104,658

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues7,8328,658 8,4308,2958,369
Premiums earned, net3,4354,110 4,519
Net investment income3,3703,260 3,2623,2003,159
Financial services revenue4,8305,138
Cost of revenue(5,294)(6,412) (6,660)(6,235)(6,437)
Policyholder benefits and claims incurred, net(4,383)(5,391) (5,684)
Financial services costs(5,179)(5,245)
Gross profit:2,5382,246 1,7702,0601,932
Operating expenses(1,287)(1,040) (1,074)(1,117)(1,286)
Other undisclosed operating loss(486)  (517)  
Operating income:7651,206 179943646
Nonoperating income (expense)
(Investment Income, Nonoperating)
236463 (240)177(12)
Interest and debt expense(205)(202) (299)(284)(337)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes385(436) 808(107)23
Income from continuing operations before income taxes:1,1811,031 448729320
Income tax expense (benefit)(263)(270) (151)207(358)
Income (loss) from continuing operations:918761 297936(38)
Income (loss) from discontinued operations27(549)  (9)(29)
Net income (loss):945212 297927(67)
Net loss attributable to noncontrolling interest(41)(34) (178)(110)(210)
Net income (loss) available to common stockholders, diluted:904178 119817(277)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):945212 297927(67)
Other comprehensive income (loss)(402)1,022 (1,270)4591
Comprehensive income (loss):5431,234 (973)97224
Comprehensive loss, net of tax, attributable to noncontrolling interest(177)(64) (22)(222)(217)
Comprehensive income (loss), net of tax, attributable to parent:3661,170 (995)750(193)

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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