GENWORTH FINANCIAL INC

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

GNW$8.69-0.3%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

(Amounts in millions, except per share amounts)

	Years ended December 31,
	2023	2022	2021
(As adjusted) · (As adjusted)
Revenues:
Premiums	$3,636	$3,680	$3,406
Net investment income	3,183	3,146	3,370
Net investment gains (losses)	23	(2)	322
Policy fees and other income	646	671	724
Total revenues	7,488	7,495	7,822
Benefits and expenses:
Benefits and other changes in policy reserves	4,783	4,303	4,575
Liability remeasurement (gains) losses	587	(290)	242
Changes in fair value of market risk benefits and associated hedges	(12)	(104)	(160)
Interest credited	503	504	511
Acquisition and operating expenses, net of deferrals	942	1,285	998
Amortization of deferred acquisition costs and intangibles	264	326	384
Interest expense	118	106	160
Total benefits and expenses	7,185	6,130	6,710
Income from continuing operations before income taxes	303	1,365	1,112
Provision for income taxes	104	319	248
Income from continuing operations	199	1,046	864
Income from discontinued operations, net of taxes	—	—	27
Net income	199	1,046	891
Less: net income from continuing operations attributable to noncontrolling interests	123	130	33
Less: net income from discontinued operations attributable to noncontrolling interests	—	—	8
Net income available to Genworth Financial, Inc.’s common stockholders	$76	$916	$850
Net income available to Genworth Financial, Inc.’s common stockholders:
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders	$76	$916	$831
Income from discontinued operations available to Genworth Financial, Inc.’s common stockholders	—	—	19
Net income available to Genworth Financial, Inc.’s common stockholders	$76	$916	$850
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per share:
Basic	$0.16	$1.82	$1.64
Diluted	$0.16	$1.79	$1.61
Net income available to Genworth Financial, Inc.’s common stockholders per share:
Basic	$0.16	$1.82	$1.68
Diluted	$0.16	$1.79	$1.65
Weighted-average common shares outstanding:
Basic	468.8	504.4	506.9
Diluted	474.9	510.9	514.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.