Genworth Financial Inc
Description
Genworth Financial, Inc., together with its subsidiaries, provides mortgage and long-term care insurance products in the United States and internationally. It operates in three segments: Enact, Long-Term Care Insurance, and Life and Annuities. The Enact segment offers private mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products. The Long-Term Care Insurance segment offers long-term care insurance products that are intended to protect against the significant and escalating costs of long-term care services provided in the insured's home, assisted living, and nursing facilities. The Life and Annuities segment provides protection and retirement income products, that includes traditional and non-traditional life insurance, such as term, universal and term universal life insurance, corporate-owned life insurance, and funding agreements; fixed annuities; and variable annuities. It distributes its products through sales force, in-house sales representatives, and digital marketing programs. The company was founded in 1871 and is headquartered in Richmond, Virginia.
About
CEO
Mr. Thomas Joseph McInerney
Employees
2,700
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Life
MIC code
XNYS
Address
6620 West Broad Street, Richmond, VA 23230, United States
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Jul 29, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Feb 19, 2025 | 0.18 | — | — | — |
| Nov 7, 2024 | 0.19 | 0.19 | 0.00 | 0.00% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 0 | — | 1 |
| Average estimate | — | 0.00 | — | 0.67 |
| Low estimate | — | 0.00 | — | 0.67 |
| High estimate | — | 0.00 | — | 0.67 |
| Last year EPS | — | 0.19 | — | 0.70 |
[stock_revenue_estimate]
Growth estimates
Current qtr
123.530%
Next qtr. (Mar 2025)
—
Current year
677.780%
Next year (Dec 2025)
-4.290%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 7.37B | 7.40B | 7.60B | 8.21B | 7.71B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | — | — | — | — | — |
| Other operating expenses | — | — | — | 5.00M | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 621.00M | 610.00M | 671.00M | 744.00M | 808.00M |
| Other income expense | — | — | — | — | — |
| Pretax income | 303.00M | 1.37B | 1.11B | 928.00M | 521.00M |
| Tax provision | 104.00M | 319.00M | 248.00M | 230.00M | 139.00M |
| Net income | 199.00M | 1.05B | 891.00M | 212.00M | 530.00M |
| Basic EPS | 0.16 | 1.21 | 1.78 | 0.35 | 0.68 |
| Diluted EPS | 0.16 | 1.19 | 1.76 | 0.35 | 0.67 |
| Basic average shares | 468.80M | 504.50M | 506.90M | 505.20M | 502.90M |
| Diluted average shares | 468.80M | 504.50M | 506.90M | 505.20M | 502.90M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 199.00M | 1.05B | 864.00M | 698.00M | 382.00M |
| Minority interests | -123.00M | -130.00M | -41.00M | -34.00M | -187.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 2.22B | 1.80B | 1.57B | 2.56B | 3.34B |
| Other short term investments | 46.78B | 46.58B | 60.48B | 63.88B | 60.58B |
| Accounts receivable | 19.03B | 19.00B | 16.81B | 16.82B | 17.10B |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | 198.00M | 203.00M | 143.00M | 157.00M | 206.00M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 198.00M | 203.00M | 143.00M | 157.00M | 196.00M |
| Investments and advances | 47.18B | 46.90B | 60.68B | 63.88B | 60.58B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | 397.00M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 1.58B | 1.61B | 1.90B | 3.40B | 3.59B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Retained earnings | 1.21B | 1.14B | 2.49B | 1.58B | 1.46B |
| Other shareholders equity | -2.56B | -2.61B | 3.86B | 4.43B | 3.43B |
| Total shareholders equity | 8.34B | 8.39B | 16.27B | 15.82B | 14.63B |
| Additional paid in capital | 11.88B | 11.87B | 11.86B | 12.01B | 11.99B |
| Treasury stock | 3.06B | 2.76B | 2.70B | 2.70B | 2.70B |
| Minority interest | 855.00M | 755.00M | 756.00M | 502.00M | 447.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||
| Net Income | 199.00M | 1.05B | 864.00M | 698.00M | 382.00M | 67.00M | 533.00M | -38.00M | -6.00M | -1.21B | 680.00M | 468.00M | 141.00M | 195.00M | -399.00M | -572.00M | 1.15B | 1.29B | 1.19B | 1.16B | 1.08B | -526.00M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | 48.00M | 315.00M | 275.00M | 228.00M | 119.00M | 28.00M | -427.00M | 145.00M | -196.00M | -341.00M | -100.00M | 82.00M | -350.00M | -333.00M | -476.00M | -430.00M | 252.00M | 365.00M | 824.00M | -1.20B | -63.00M | -55.00M |
| Stock-Based Compensation | 49.00M | 37.00M | 40.00M | 39.00M | 26.00M | 35.00M | 31.00M | 32.00M | 16.00M | 28.00M | 39.00M | 26.00M | 31.00M | 44.00M | 26.00M | 23.00M | 41.00M | — | — | — | — | — |
| Other Non-Cash Items | -584.00M | -692.00M | -776.00M | -646.00M | -699.00M | -697.00M | -713.00M | -782.00M | -788.00M | -777.00M | -812.00M | -801.00M | -690.00M | -506.00M | -1.15B | -1.60B | -1.81B | -1.51B | -1.30B | -7.04B | -3.83B | -376.00M |
| Accounts Receivable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -377.00M | 3.15B | 2.64B | 3.53B | -136.00M | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4.23B | 406.00M | -682.00M | 2.26B | 3.60B | — |
| Other Assets & Liabilities | -79.00M | -352.00M | 14.00M | 830.00M | 636.00M | 598.00M | 370.00M | 705.00M | 293.00M | 1.52B | -361.00M | -1.17B | -73.00M | -298.00M | 2.29B | 3.88B | 6.29B | 3.98B | -637.00M | 7.28B | 5.50B | 4.84B |
| Operating Cash Flow | -367.00M | 354.00M | 417.00M | 1.15B | 464.00M | 31.00M | -206.00M | 62.00M | -681.00M | -778.00M | -554.00M | -1.39B | -941.00M | -898.00M | 296.00M | 1.30B | 9.78B | 7.69B | 2.04B | 5.99B | 6.15B | 3.89B |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -384.00M | -460.00M | -242.00M | -267.00M | 1.40B | — | -5.00M | 39.00M | 273.00M | — | 365.00M | 77.00M | 208.00M | -37.00M | -51.00M | -22.00M | -31.00M | -511.00M | — | -9.00M | 1.59B | -61.00M |
| Purchase of Investments | -3.23B | -4.04B | -5.22B | -7.76B | -6.44B | -9.75B | -8.48B | -11.68B | -9.75B | -9.22B | -10.46B | -12.32B | -12.41B | -13.24B | -10.18B | -8.41B | -15.26B | -16.65B | -12.97B | -16.20B | -26.85B | -35.41B |
| Sale of Investments | 4.66B | 5.39B | 6.45B | 6.71B | 6.53B | 9.42B | 7.96B | 9.52B | 9.11B | 7.58B | 9.10B | 11.33B | 11.52B | 10.81B | 9.91B | 10.58B | 14.00B | 14.53B | 9.66B | 11.06B | 24.94B | 28.88B |
| Investing Cash Flow | 991.00M | 891.00M | 995.00M | -1.32B | 1.49B | -325.00M | -525.00M | -2.13B | -370.00M | -1.64B | -990.00M | -918.00M | -689.00M | -2.46B | -321.00M | 922.00M | -1.86B | -2.90B | -3.28B | -4.94B | 906.00M | -6.53B |
| Financing Activities | ||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | 738.00M | — | 441.00M | — | — | 150.00M | 144.00M | 793.00M | 361.00M | 545.00M | 1.20B | 2.57B | 8.20B | 349.00M | 598.00M | 348.00M | 2.20B | 600.00M | — |
| Long-Term Debt Payments | -32.00M | -297.00M | -1.54B | -805.00M | -446.00M | -640.00M | -34.00M | -2.04B | -217.00M | -695.00M | -501.00M | -1.45B | -986.00M | -73.00M | -9.26B | -11.84B | -500.00M | — | — | -550.00M | -927.00M | -3.04B |
| Other Financing Charges | -1.12B | -1.19B | -1.41B | -1.42B | -1.53B | -1.31B | -1.67B | -907.00M | -210.00M | 272.00M | -418.00M | 33.00M | -1.14B | -2.64B | 770.00M | -3.92B | -1.43B | -335.00M | 445.00M | 753.00M | -132.00M | 2.37B |
| Financing Cash Flow | -1.44B | -1.55B | -2.42B | -1.49B | -1.98B | -1.51B | -1.70B | -2.95B | -51.00M | 238.00M | -126.00M | -1.06B | -1.68B | -2.33B | -5.68B | -6.84B | -2.31B | -835.00M | -248.00M | 854.00M | -3.04B | -743.00M |
| Other Cash Details | ||||||||||||||||||||||
| End Cash Position | 2.22B | 1.80B | 1.57B | 2.66B | 3.34B | 2.18B | 2.88B | 2.78B | 5.97B | 4.65B | 3.66B | 3.63B | 4.44B | 3.13B | 5.00B | 7.33B | 3.09B | 2.44B | 1.85B | 1.96B | 1.98B | 1.57B |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 597.00M | 1.05B | 437.00M | 1.96B | 2.08B | 1.63B | 2.55B | 1.87B | 1.59B | 2.44B | 1.40B | 962.00M | 3.13B | 1.34B | 1.93B | 5.44B | 4.79B | 4.37B | 3.48B | 5.61B | 3.72B | 4.88B |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 27,362,221 | 203.03M | 6.41% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 13,399,151 | 99.42M | 3.14% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 10,808,146 | 80.20M | 2.53% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 10,070,018 | 74.72M | 2.36% |
| Vanguard Selected Value Fund | Oct 31, 2024 | 9,152,100 | 67.91M | 2.14% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 7,321,097 | 54.32M | 1.71% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 6,843,461 | 50.78M | 1.60% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 6,384,886 | 47.38M | 1.50% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 5,702,579 | 42.31M | 1.34% |
| iShares S&P Smallcap 600 Value ETF | Nov 30, 2024 | 4,421,394 | 32.81M | 1.04% |
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Genworth Financial, Inc. (GNW) Q3 2024 Earnings Call Transcript
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Nov 7, 2024
