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Genworth Financial, Inc., together with its subsidiaries, provides mortgage and long-term care insurance products in the United States. It operates through two segments: Enact and Closed Block. The company offers primary mortgage, and mortgage insurance products, and contract underwriting services. It also provides 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. In addition, the company offers 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, sales representatives, and digital marketing programs. Genworth Financial, Inc. was founded in 1871 and is headquartered in Glen Allen, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.1B | - | $223M | $327M | 2.5% | -0.5% | -25.4% |
| 2024 | $7.1B | - | $299M | $88M | 3.5% | -3.1% | 293.4% |
| 2023 | $7.4B | - | $76M | $597M | 1.0% | -0.3% | -91.7% |
| 2022 | $7.4B | - | $916M | $1.0B | 12.0% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,396 | 7,371 | 7,143 | 7,106 |
| Operating Revenue | - | 7,396 | 7,371 | 7,143 | 7,106 |
| Total Expenses | - | 6,031 | 7,068 | 6,548 | 6,673 |
| EBIT | - | 1,471 | 421 | 710 | 538 |
| Interest Expense | - | 106 | 118 | 115 | 105 |
| Net Interest Income | - | -106 | -118 | -115 | -105 |
| Interest Expense Non Operating | - | 106 | 118 | 115 | 105 |
| Net Non Operating Interest Income Expense | - | -106 | -118 | -115 | -105 |
| Pretax Income | - | 1,365 | 303 | 595 | 433 |
| Tax Provision | - | 319 | 104 | 158 | 84 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 1,046 | 199 | 437 | 349 |
| Net Income From Continuing And Discontinued Operation | - | 916 | 76 | 299 | 223 |
| Net Income From Continuing Operation Net Minority Interest | - | 916 | 76 | 309 | 222 |
| Net Income | - | 916 | 76 | 299 | 223 |
| Net Income Common Stockholders | - | 916 | 76 | 299 | 223 |
| Net Income Including Noncontrolling Interests | - | 1,046 | 199 | 427 | 350 |
| Normalized Income | - | 916 | 76 | 309 | 222 |
| Diluted NI Availto Com Stockholders | - | 916 | 76 | 299 | 223 |
| Basic Average Shares | - | 504.50 | 468.80 | 433.90 | 409 |
| Diluted Average Shares | - | 511 | 474.90 | 439.40 | 414 |
| Total Unusual Items | -1,223 | - | - | - | - |
| Total Unusual Items Excluding Goodwill | -1,223 | - | - | - | - |
| Minority Interests | - | -130 | -123 | -128 | -127 |
| Net Income Discontinuous Operations | - | 0 | 0 | -10 | 1 |
| Special Income Charges | -1,223 | - | - | - | - |
| Restructuring And Mergern Acquisition | 1,223 | - | - | - | - |
| Loss Adjustment Expense | - | 3,909 | 5,358 | 4,906 | 5,137 |
| Net Policyholder Benefits And Claims | - | 3,909 | 5,358 | 4,906 | 5,137 |
| Policyholder Benefits Gross | - | 3,909 | 5,358 | 4,906 | 5,137 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Genworth Financial, Inc.this co. | GNW | $3.2B | 14.56↑ premium | 0.37 | 2.5% | - |
| First Interstate BancSystem, Inc. | FIBK | $3.5B | 11.49 | 1.01 | 8.8% | - |
| BankUnited, Inc. | BKU | $3.4B | 12.80 | 1.13 | 8.8% | - |
| Community Financial System, Inc. | CBU | $3.3B | 15.84 | 1.66 | 10.5% | - |
| First Hawaiian, Inc. | FHB |
| - |
| - |
| - |
| - |
| - |
| $3.3B |
| 11.99 |
| 1.20 |
| 10.0% |
| - |
| Assured Guaranty Ltd. | AGO | $3.3B | 6.50 | 0.58 | 8.9% | - |
| First Financial Bancorp. | FFBC | $3.2B | 12.54 | 1.16 | 9.2% | - |
| Park National Corporation | PRK | $3.1B | 17.38 | 2.31 | 13.3% | - |
| Simmons First National Corporation | SFNC | $3.1B | -7.86 | 0.91 | -11.6% | - |
| Peer Median | - | 12.27 | 1.14 | 9.1% | - | |