NYSE : GNW
Genworth Financial, Inc. — Financial statements
Financials · Insurance - Life · United States
Last price 9.03 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.41B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 4.14B | 4.12B | 4.12B | 4.28B | 4.35B | 4.13B |
| Total Interest & Dividend Income | 2.94B | 2.93B | 3.01B | 3.07B | 3.05B | 3.15B |
| Gain (Loss) on Sale of Investments | 71.00M | 59.00M | 13.00M | 23.00M | -2.00M | 322.00M |
| Other Revenue | 230.00M | 195.00M | 152.00M | 117.00M | 99.00M | 223.00M |
| Total Revenue | 7.38B | 7.30B | 7.29B | 7.49B | 7.50B | 7.82B |
| Policy Benefits | 5.66B | 5.52B | 5.36B | 5.86B | 4.41B | 5.17B |
| Policy Acquisition & Underwriting Costs | 1.23B | 1.24B | 1.20B | 1.19B | 1.59B | 1.35B |
| Total Operating Expenses | 6.89B | 6.76B | 6.55B | 7.05B | 6.01B | 6.52B |
| Operating Income | 489.00M | 537.00M | 740.00M | 436.00M | 1.49B | 1.31B |
| Interest Expense | -104.00M | -105.00M | -115.00M | -118.00M | -106.00M | -160.00M |
| EBT Excluding Unusual Items | 401.00M | 432.00M | 625.00M | 318.00M | 1.38B | 1.15B |
| Merger & Restructuring Charges | -12.00M | -4.00M | -2.00M | -34.00M | ||
| Legal Settlements | -5.00M | -13.00M | ||||
| Other Unusual Items | 1.00M | 1.00M | -13.00M | 2.00M | -14.00M | |
| Pretax Income | 402.00M | 433.00M | 595.00M | 303.00M | 1.36B | 1.11B |
| Income Tax Expense | 70.00M | 84.00M | 158.00M | 104.00M | 319.00M | 248.00M |
| Earnings From Continuing Ops. | 332.00M | 349.00M | 437.00M | 199.00M | 1.05B | 864.00M |
| Earnings From Discontinued Ops. | 10.00M | 1.00M | -10.00M | 19.00M | ||
| Net Income to Company | 342.00M | 350.00M | 427.00M | 199.00M | 1.05B | 883.00M |
| Minority Interest in Earnings | -130.00M | -127.00M | -128.00M | -123.00M | -130.00M | -33.00M |
| Net Income | 212.00M | 223.00M | 299.00M | 76.00M | 916.00M | 850.00M |
| Net Income to Common | 212.00M | 223.00M | 299.00M | 76.00M | 916.00M | 850.00M |
| Shares Outstanding (Basic) | 393.50M | 409.00M | 433.90M | 468.80M | 504.40M | 506.90M |
| Shares Outstanding (Diluted) | 398.90M | 414.00M | 439.40M | 474.90M | 510.90M | 514.70M |
| EPS (Basic) | 0.54 | 0.55 | 0.69 | 0.16 | 1.82 | 1.68 |
| EPS (Diluted) | 0.53 | 0.54 | 0.68 | 0.16 | 1.79 | 1.65 |
| Operating Margin | 6.62% | 7.36% | 10.14% | 5.82% | 19.84% | 16.70% |
| Profit Margin | 2.87% | 3.05% | 4.10% | 1.01% | 12.22% | 10.87% |
| EBITDA | 516.50M | 570.00M | 774.00M | 470.00M | 1.52B | 1.34B |
| EBITDA Margin | 7.00% | 7.81% | 10.61% | 6.28% | 20.32% | 17.16% |
| D&A For EBITDA | 27.50M | 33.00M | 34.00M | 34.00M | 36.00M | 36.00M |
| EBIT | 489.00M | 537.00M | 740.00M | 436.00M | 1.49B | 1.31B |
| EBIT Margin | 6.62% | 7.36% | 10.14% | 5.82% | 19.84% | 16.70% |
| Effective Tax Rate | 17.41% | 19.40% | 26.55% | 34.32% | 23.37% | 22.30% |
| Revenue as Reported | 7.40B | 7.30B | 7.29B | 7.49B | 7.50B | 7.82B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 45.26B | 45.76B | 44.90B | 46.78B | 46.58B | 60.48B |
| Investments in Equity & Preferred Securities | 4.10B | 4.04B | 3.66B | 3.22B | 2.65B | 2.10B |
| Policy Loans | 2.38B | 2.30B | 2.31B | 2.22B | 2.14B | 2.05B |
| Other Investments | 177.00M | 89.00M | 57.00M | 71.00M | 49.00M | 43.00M |
| Total Investments | 58.29B | 58.50B | 57.35B | 59.15B | 58.45B | 71.86B |
| Cash & Equivalents | 1.99B | 2.04B | 2.05B | 2.21B | 1.80B | 1.57B |
| Reinsurance Recoverable | 17.39B | 17.84B | 17.59B | 19.02B | 19.00B | 16.81B |
| Other Receivables | 1.09B | 1.13B | 1.14B | 1.18B | 1.11B | 1.01B |
| Deferred Policy Acquisition Cost | 1.50B | 1.59B | 1.78B | 1.99B | 2.21B | 1.15B |
| Separate Account Assets | 4.40B | 4.37B | 4.44B | 4.51B | 4.42B | 6.07B |
| Other Intangible Assets | 201.00M | 198.00M | 197.00M | 198.00M | 177.00M | 136.00M |
| Other Current Assets | 28.00M | 28.00M | 38.00M | 76.00M | 26.00M | 50.00M |
| Long-Term Deferred Tax Assets | 1.81B | 1.80B | 1.73B | 1.95B | 1.98B | 119.00M |
| Long-Term Deferred Charges | 26.00M | 7.00M | ||||
| Other Long-Term Assets | 678.00M | 597.00M | 501.00M | 532.00M | 514.00M | 388.00M |
| Total Assets | 87.36B | 88.08B | 86.82B | 90.82B | 89.71B | 99.17B |
| Insurance & Annuity Liabilities | 68.26B | 68.92B | 68.03B | 73.02B | 71.75B | 60.29B |
| Unpaid Claims | 757.00M | 727.00M | 670.00M | 652.00M | 683.00M | 11.84B |
| Unearned Premiums | 81.00M | 92.00M | 115.00M | 149.00M | 203.00M | 672.00M |
| Current Portion of Long-Term Debt | 779.00M | 849.00M | 749.00M | 490.00M | 522.00M | 26.00M |
| Current Portion of Leases | 12.00M | |||||
| Long-Term Debt | 1.50B | 1.51B | 1.52B | 1.58B | 1.61B | 1.90B |
| Long-Term Leases | 33.00M | |||||
| Separate Account Liability | 4.40B | 4.37B | 4.44B | 4.51B | 4.42B | 6.07B |
| Other Current Liabilities | 261.00M | 280.00M | 246.00M | 191.00M | 225.00M | 624.00M |
| Other Long-Term Liabilities | 1.57B | 1.42B | 1.57B | 1.79B | 1.82B | 1.35B |
| Total Liabilities | 77.60B | 78.32B | 77.44B | 82.48B | 81.33B | 82.91B |
| Common Stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Additional Paid-In Capital | 11.88B | 11.89B | 11.88B | 11.88B | 11.87B | 11.86B |
| Retained Earnings | 1.78B | 1.68B | 1.46B | 1.21B | 1.14B | 2.49B |
| Treasury Stock | -3.63B | -3.50B | -3.25B | -3.06B | -2.76B | -2.70B |
| Comprehensive Income & Other | -1.31B | -1.32B | -1.64B | -2.56B | -2.61B | 3.86B |
| Total Common Equity | 8.73B | 8.75B | 8.44B | 7.48B | 7.63B | 15.51B |
| Minority Interest | 1.04B | 1.02B | 937.00M | 855.00M | 755.00M | 756.00M |
| Shareholders' Equity | 9.77B | 9.77B | 9.38B | 8.34B | 8.39B | 16.27B |
| Total Liabilities & Equity | 87.36B | 88.08B | 86.82B | 90.82B | 89.71B | 99.17B |
| Filing Date Shares Outstanding | 377.85M | 387.61M | 418.85M | 442.63M | 493.35M | 507.39M |
| Total Common Shares Outstanding | 377.12M | 391.84M | 421.42M | 446.82M | 495.00M | 508.00M |
| Total Debt | 2.28B | 2.41B | 2.27B | 2.07B | 2.13B | 1.93B |
| Net Cash (Debt) | -293.00M | -371.00M | -219.00M | 141.00M | -334.00M | -354.00M |
| Net Cash Per Share | -0.73 | -0.90 | -0.50 | 0.30 | -0.65 | -0.69 |
| Book Value Per Share | 23.14 | 22.33 | 20.04 | 16.74 | 15.42 | 30.53 |
| Tangible Book Value | 8.53B | 8.55B | 8.25B | 7.28B | 7.45B | 15.37B |
| Tangible Book Value Per Share | 22.61 | 21.83 | 19.57 | 16.30 | 15.06 | 30.26 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 212.00M | 223.00M | 299.00M | 76.00M | 916.00M | 850.00M |
| Depreciation & Amortization | 33.00M | 33.00M | 34.00M | 34.00M | 36.00M | 36.00M |
| Other Amortization | 190.00M | 198.00M | 215.00M | 230.00M | 290.00M | 348.00M |
| Gain (Loss) on Sale of Investments | -232.00M | -197.00M | -132.00M | -129.00M | -152.00M | -498.00M |
| Stock-Based Compensation | 68.00M | 58.00M | 51.00M | 49.00M | 37.00M | 40.00M |
| Change in Income Taxes | -10.00M | -30.00M | 14.00M | 46.00M | -1.00M | -34.00M |
| Change in Insurance Reserves / Liabilities | 1.06B | 908.00M | 777.00M | 1.50B | 1.05B | 1.17B |
| Change in Other Net Operating Assets | -130.00M | -72.00M | -167.00M | -236.00M | -519.00M | -120.00M |
| Other Operating Activities | -767.00M | -782.00M | -1.00B | -970.00M | -582.00M | -862.00M |
| Operating Cash Flow | 430.00M | 327.00M | 88.00M | 597.00M | 1.05B | 437.00M |
| Sale of Property, Plant & Equipment | 23.00M | 23.00M | ||||
| Investment in Securities | 183.00M | 358.00M | 469.00M | 1.05B | 891.00M | 725.00M |
| Other Investing Activities | -63.00M | -50.00M | -56.00M | -55.00M | -67.00M | |
| Investing Cash Flow | 181.00M | 518.00M | 861.00M | 1.26B | 733.00M | 896.00M |
| Long-Term Debt Issued | 750.00M | |||||
| Total Debt Repaid | -22.00M | -7.00M | -824.00M | -32.00M | -297.00M | -1.54B |
| Net Debt Issued (Repaid) | -22.00M | -7.00M | -74.00M | -32.00M | -297.00M | -1.54B |
| Repurchases of Common Stock | -300.00M | -247.00M | -189.00M | -296.00M | -64.00M | |
| Other Financing Activities | -91.00M | -117.00M | -172.00M | -44.00M | -131.00M | 524.00M |
| Financing Cash Flow | -422.00M | -857.00M | -1.11B | -1.44B | -1.55B | -2.42B |
| Foreign Exchange Rate Adjustments | -1.00M | 1.00M | 1.00M | |||
| Net Cash Flow | 189.00M | -12.00M | -167.00M | 416.00M | 228.00M | -1.08B |
| Levered Free Cash Flow | 673.62M | 378.00M | 2.32B | 257.75M | -1.40B | 1.69B |
| Unlevered Free Cash Flow | 738.62M | 443.62M | 2.39B | 331.50M | -1.33B | 1.79B |
| Cash Interest Paid | 101.00M | 101.00M | 124.00M | 110.00M | 101.00M | 186.00M |
| Cash Income Tax Paid | 168.00M | 168.00M | 248.00M | 10.00M | 5.00M | 7.00M |
| Change in Working Capital | 921.00M | 806.00M | 624.00M | 1.31B | 535.00M | 1.01B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.40B | 3.61B | 2.98B | 3.01B | 2.63B | 2.05B |
| Enterprise Value | 3.69B | 4.85B | 3.90B | 4.33B | 3.90B | 3.35B |
| PE Ratio | 16.80 | 16.17 | 9.98 | 39.64 | 2.87 | 2.42 |
| PS Ratio | 0.46 | 0.49 | 0.41 | 0.40 | 0.35 | 0.26 |
| PB Ratio | 0.38 | 0.37 | 0.32 | 0.36 | 0.31 | 0.13 |
| P/OCF Ratio | 7.97 | 11.03 | 33.92 | 5.05 | 2.50 | 4.70 |
| EV/Sales Ratio | 0.50 | 0.66 | 0.53 | 0.58 | 0.52 | 0.43 |
| EV/EBITDA Ratio | 7.20 | 8.51 | 5.04 | 9.21 | 2.56 | 2.50 |
| EV/EBIT Ratio | 7.61 | 9.03 | 5.27 | 9.93 | 2.63 | 2.56 |
| Debt / Equity Ratio | 0.23 | 0.25 | 0.24 | 0.25 | 0.25 | 0.12 |
| Debt / EBITDA Ratio | 4.41 | 4.22 | 2.93 | 4.41 | 1.40 | 1.43 |
| Net Debt / Equity Ratio | 0.03 | 0.04 | 0.02 | -0.02 | 0.04 | 0.02 |
| Net Debt / EBITDA Ratio | 0.57 | 0.65 | 0.28 | -0.30 | 0.22 | 0.26 |
| Quick Ratio | 1.10 | 1.06 | 1.16 | 1.55 | 1.12 | 0.99 |
| Current Ratio | 10.68 | 10.49 | 11.41 | 14.88 | 13.16 | 9.87 |
| Asset Turnover | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Return on Equity (ROE) | 3.40% | 3.65% | 4.93% | 2.38% | 8.49% | 5.39% |
| Return on Assets (ROA) | 0.35% | 0.38% | 0.52% | 0.30% | 0.98% | 0.80% |
| Return on Invested Capital (ROIC) | 3.34% | 3.63% | 4.93% | 2.74% | 7.94% | 5.41% |
| Earnings Yield | 5.95% | 6.18% | 10.02% | 2.52% | 34.88% | 41.36% |
| Buyback Yield / Dilution | 6.52% | 5.78% | 7.47% | 7.05% | 0.74% | -0.61% |