GENWORTH FINANCIAL, INC. GNW Income Statement

Genworth financial, inc. (GNW)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Revenues:
Premiums
4,037	3,994	3,485	4,160	4,579	4,700	4,516	5,041	5,688	5,833	6,019	6,777	6,330
Net investment income
3,220	3,121	3,066	3,159	3,138	3,142	3,155	3,343	3,380	3,266	3,033	3,730	4,135
Net investment gains (losses)
50	-9	137	72	-75	-22	-64	27	-195	-143	-1,041	-1,709	-332
Policy fees and other income
789	795	825	978	906	909	1,018	1,229	1,050	760	1,058	1,150	992
Total revenues
8,096	7,901	7,513	8,369	8,548	8,729	8,625	9,640	9,923	9,716	9,069	9,948	11,125
Benefits and expenses:
Benefits and other changes in policy reserves
5,163	5,606	5,125	5,245	5,149	6,418	4,737	5,378	5,941	6,001	5,866	5,806	4,580
Interest credited
577	611	646	696	720	737	738	775	794	841	984	1,293	1,552
Acquisition and operating expenses, net of deferrals
962	943	957	1,273	1,309	1,138	1,244	1,594	1,930	1,938	2,115	2,160	2,075
Amortization of deferred acquisition costs and intangibles
441	348	392	498	966	453	463	722	593	622	569	884	831
Goodwill impairment
-	-	-	-	-	849	0	89	29	0	-	277	0
Interest expense
239	256	266	337	419	433	450	476	506	457	393	470	481
Total benefits and expenses
7,382	7,764	7,386	8,049	8,563	10,028	7,632	9,034	9,793	9,859	9,927	10,890	9,519
Income (loss) from continuing operations before income taxes
714	137	127	320	-15	-1,299	993	606	130	-143	-858	-942	1,606
Provision (benefit) for income taxes
195	70	-406	358	-9	-94	313	138	-11	-279	-415	-370	452
Income (loss) from continuing operations
519	67	533	-38	-6	-1,205	680	468	141	136	-	-	1,154
Income from discontinued operations, net of taxes
11	230	394	-29	-407	157	34	57	36	45	-	-	15
Gain on sale of discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	51
Net income (loss)
530	297	927	-67	-413	-1,048	714	525	177	181	-443	-572	1,220
Less: net income (loss) from continuing operations attributable to noncontrolling interests
64	70	-80	-	-	-	-	-	-	-	-	-	-
Less: net income from discontinued operations attributable to noncontrolling interests
123	108	190	210	202	196	154	200	139	143	61	0	0
Net income (loss) available to Genworth Financial, Inc.'s common stockholders
343	119	817	-277	-615	-1,244	560	325	38	38	-504	-572	1,220
Net income (loss) available to Genworth Financial, Inc.'s common stockholders:
Income (loss) from continuing operations available to Genworth Financial, Inc.'s common stockholders
455	-3	613	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations available to Genworth Financial, Inc.'s common common stockholders
-112	122	204	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to Genworth Financial, Inc.'s common stockholders
343	119	817	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations available to Genworth Financial, Inc.'s common stockholders per share:
Basic
0.90	-0.01	1.23	-0.50	-0.42	-2.82	1.07	0.55	0.00	-0.01	-	-	2.62
Diluted
0.89	-0.01	1.22	-0.50	-0.42	-2.82	1.05	0.54	0.00	-0.01	-	-	2.58
Net income (loss) available to Genworth Financial, Inc.'s common stockholders per share:
Basic
0.68	0.24	1.64	-0.56	-1.24	-2.51	1.13	0.66	0.08	0.08	-1.12	-1.32	2.77
Diluted
0.67	0.24	1.63	-0.56	-1.24	-2.51	1.12	0.66	0.08	0.08	-1.12	-1.32	2.73
Weighted-average common shares outstanding:
Basic
502	500	499	498	497	496	493	491	490	489	451	433	439
Diluted
509	500	501	498	497	496	498	494	493	493	451	433	447
Supplemental disclosures:
Total other-than-temporary impairments
1	0	6	40	28	9	16	62	118	122	1,499	2,131	229
Portion of other-than-temporary impairments included in other comprehensive income (loss)
0	0	0	0	1	0	9	44	14	86	-441	-	0
Net other-than-temporary impairments
1	0	6	40	27	9	25	106	132	208	1,058	2,131	229
Other investment gains (losses)
51	-9	143	112	-48	-13	-39	133	-63	65	17	422	-103
Total net investment gains (losses)
50	-9	137	72	-75	-22	-64	27	-195	-143	-1,041	-1,709	-332