GENWORTH FINANCIAL INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
GNW$8.69-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(Amounts in millions, except per share amounts)
| Years ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Premiums | $3,480 | $3,636 | $3,680 |
| Net investment income | 3,160 | 3,183 | 3,146 |
| Net investment gains (losses) | 13 | 23 | (2) |
| Policy fees and other income | 642 | 646 | 671 |
| Total revenues | 7,295 | 7,488 | 7,495 |
| Benefits and expenses: | |||
| Benefits and other changes in policy reserves | 4,766 | 4,783 | 4,303 |
| Liability remeasurement (gains) losses | 153 | 587 | (290) |
| Changes in fair value of market risk benefits and associated hedges | (13) | (12) | (104) |
| Interest credited | 453 | 503 | 504 |
| Acquisition and operating expenses, net of deferrals | 977 | 942 | 1,285 |
| Amortization of deferred acquisition costs and intangibles | 249 | 264 | 326 |
| Interest expense | 115 | 118 | 106 |
| Total benefits and expenses | 6,700 | 7,185 | 6,130 |
| Income from continuing operations before income taxes | 595 | 303 | 1,365 |
| Provision for income taxes | 158 | 104 | 319 |
| Income from continuing operations | 437 | 199 | 1,046 |
| Loss from discontinued operations, net of taxes | (10) | — | — |
| Net income | 427 | 199 | 1,046 |
| Less: net income attributable to noncontrolling interests | 128 | 123 | 130 |
| Net income available to Genworth Financial, Inc.’s common stockholders | $299 | $76 | $916 |
| Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per share: | |||
| Basic | $0.71 | $0.16 | $1.82 |
| Diluted | $0.70 | $0.16 | $1.79 |
| Net income available to Genworth Financial, Inc.’s common stockholders per share: | |||
| Basic | $0.69 | $0.16 | $1.82 |
| Diluted | $0.68 | $0.16 | $1.79 |
| Weighted-average common shares outstanding: | |||
| Basic | 433.9 | 468.8 | 504.4 |
| Diluted | 439.4 | 474.9 | 510.9 |
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