GENWORTH FINANCIAL, INC. GNW Income Statement

Genworth financial, inc. (GNW)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues:
Premiums
1,015	908	1,015	1,126	988	723	995	1,136	1,140	103	1,135	1,111	1,136	1,131	1,108	1,127	794	1,157	1,145	1,134	1,143	1,039	1,210	1,144	1,307	678	1,291	1,286	1,261	1,320	1,313	1,302	1,106	1,335	1,461	1,455	1,437	1,446	1,447	1,470	1,470	1,523	1,492	1,502	1,502	1,735	1,709
Net investment income
793	758	816	852	794	709	780	828	804	678	797	801	790	786	805	779	789	781	783	793	781	768	778	791	805	719	801	821	814	840	825	846	832	827	842	881	830	863	815	823	765	782	759	781	711	918	953
Net investment gains (losses)
-152	22	-2	-45	75	52	-16	-14	-31	-83	85	101	34	41	20	30	-19	-16	-51	8	-16	-12	-27	34	-17	-1	-23	21	-61	14	9	-33	37	30	-157	-40	-28	-39	105	-139	-70	-96	-122	-53	-770	-816	-518
Policy fees and other income
181	188	191	223	187	191	193	209	202	206	198	210	211	240	217	300	221	234	223	222	227	228	229	225	227	238	248	243	289	293	309	287	340	-13	375	359	329	-52	300	256	256	252	262	253	291	331	254
Total revenues
1,837	2,038	2,020	2,156	2,044	1,675	1,952	2,159	2,115	1,686	2,215	2,223	2,171	2,198	2,150	2,236	1,785	2,156	2,100	2,157	2,135	2,023	2,190	2,194	2,322	1,634	2,317	2,371	2,303	2,467	2,456	2,402	2,315	2,179	2,521	2,655	2,568	2,218	2,667	2,410	2,421	2,461	2,391	2,483	1,734	2,168	2,398
Benefits and expenses:
Benefits and other changes in policy reserves
1,361	1,327	1,284	1,270	1,282	1,787	1,303	1,205	1,311	1,329	1,344	1,206	1,246	1,530	1,662	1,193	860	1,435	1,290	1,232	1,192	2,090	1,934	1,200	1,194	1,098	1,169	1,269	1,201	1,401	1,363	1,382	1,232	1,392	1,457	1,679	1,413	1,844	1,502	1,340	1,315	1,416	1,450	1,492	1,508	1,497	1,386
Interest credited
141	138	146	146	147	152	151	152	156	152	164	163	167	173	173	173	177	180	179	181	180	185	185	184	183	186	184	184	184	193	193	194	195	195	194	204	201	205	212	211	213	221	225	263	275	319	320
Acquisition and operating expenses, net of deferrals
249	231	247	247	237	219	231	253	240	182	265	240	270	283	269	327	394	433	314	295	267	194	284	282	378	-9	407	413	433	272	443	439	440	205	581	581	563	492	472	499	475	734	484	456	441	515	551
Amortization of deferred acquisition costs and intangibles
116	153	112	95	81	60	72	112	104	76	83	139	94	193	94	112	99	207	563	101	95	98	113	108	134	22	182	137	122	144	160	147	271	128	152	162	151	32	227	179	184	-33	143	212	247	208	209
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	550	-	-	-	0	-	-	-	89	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
52	47	59	73	60	43	60	77	76	57	73	74	62	75	77	80	105	104	105	103	107	90	104	112	127	79	124	121	126	124	126	131	95	121	124	134	127	119	114	109	115	87	96	114	96	125	110
Total benefits and expenses
1,919	1,957	1,848	1,831	1,807	2,261	1,817	1,799	1,887	1,976	1,929	1,822	1,839	2,254	2,275	1,885	1,635	2,359	2,451	1,912	1,841	2,956	3,170	1,886	2,016	1,376	2,066	2,124	2,066	2,134	2,374	2,293	2,233	2,070	2,508	2,760	2,455	2,692	2,527	2,338	2,302	2,425	2,398	2,537	2,567	2,664	2,576
Income (loss) from continuing operations before income taxes
-82	-20	172	325	237	-586	135	360	228	-892	286	401	332	-56	-125	351	150	-203	-351	245	294	-933	-980	308	306	258	251	247	237	333	82	109	82	109	13	-105	113	-474	140	72	119	36	-7	-54	-833	-496	-178
Provision (benefit) for income taxes
-10	-15	34	107	69	-134	30	111	63	456	102	130	116	3	222	110	23	-36	-134	70	91	-78	-187	84	87	59	105	73	76	73	23	27	15	-19	-7	-5	20	-199	18	-5	-93	5	-52	-4	-364	-238	-69
Income (loss) from continuing operations
-72	55	138	-	168	-	105	-	-	265	184	271	216	-59	-347	241	127	-167	-217	175	203	-	-793	224	-	199	146	174	161	260	59	82	67	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of taxes
0	-31	-80	-	62	-	105	-	-	0	-9	0	0	-4	15	-21	-19	-73	-21	-314	1	-	6	4	-	46	2	6	-20	6	12	27	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-72	24	58	218	230	-327	210	249	165	265	175	271	216	-63	-332	220	108	-240	-238	-139	204	-708	-787	228	219	245	148	180	141	266	71	109	79	164	20	-100	93	-230	122	77	212	31	45	-50	-469	-258	-
Less: net income (loss) from continuing operations attributable to noncontrolling interests
-6	19	10	-	20	-	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: net income from discontinued operations attributable to noncontrolling interests
0	22	30	50	36	-50	46	59	53	-88	68	69	61	59	48	48	55	52	46	54	50	52	57	52	35	37	40	39	38	98	36	33	33	33	36	36	34	35	39	35	34	-	26	-	-	0	-
Net income (loss) available to Genworth Financial, Inc.'s common stockholders
-66	-17	18	168	174	-329	146	190	112	353	107	202	155	-122	-380	172	53	-292	-284	-193	154	-760	-844	176	184	208	108	141	103	168	35	76	46	131	-16	-136	59	-265	83	42	178	-4	19	-50	-469	-258	-109
Net income (loss) available to Genworth Financial, Inc.'s common stockholders:
Income (loss) from continuing operations available to Genworth Financial, Inc.'s common stockholders
-66	36	128	-	148	-	87	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations available to Genworth Financial, Inc.'s common common stockholders
0	-53	-110	-	26	-	59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to Genworth Financial, Inc.'s common stockholders
-66	-17	18	-	174	-	146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (loss) from continuing operations available to Genworth Financial, Inc.'s common stockholders per share:
Basic
-0.13	0.07	0.25	-	0.29	-	0.17	-	-	0.71	0.23	0.40	0.31	-0.24	-0.79	0.39	0.14	-0.44	-0.53	0.24	0.31	-	-1.71	0.35	-	0.34	0.21	0.27	0.25	0.33	0.05	0.10	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
-0.13	0.07	0.25	-	0.29	-	0.17	-	-	0.70	0.23	0.40	0.31	-0.24	-0.79	0.39	0.14	-0.44	-0.53	0.24	0.31	-	-1.71	0.34	-	0.32	0.21	0.27	0.25	0.32	0.05	0.10	0.07	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) available to Genworth Financial, Inc.'s common stockholders per share:
Basic
-0.13	-0.03	0.04	0.33	0.35	-0.65	0.29	0.38	0.22	0.71	0.21	0.40	0.31	-0.26	-0.76	0.35	0.11	-0.59	-0.57	-0.39	0.31	-1.53	-1.70	0.35	0.37	0.41	0.22	0.29	0.21	0.34	0.07	0.16	0.09	0.27	-0.03	-0.28	0.12	-0.54	0.17	0.09	0.36	0.03	0.04	-0.11	-1.08	-0.60	-0.25
Diluted
-0.13	-0.03	0.04	0.33	0.34	-0.65	0.29	0.38	0.22	0.70	0.21	0.40	0.31	-0.25	-0.76	0.34	0.11	-0.59	-0.57	-0.39	0.31	-1.53	-1.70	0.35	0.37	0.41	0.22	0.28	0.21	0.34	0.07	0.16	0.09	0.27	-0.03	-0.28	0.12	-0.53	0.17	0.08	0.36	0.03	0.04	-0.11	-1.08	-0.60	-0.25
Weighted-average common shares outstanding:
Basic
504	503	503	503	501	500	500	500	499	499	499	499	498	498	498	498	498	497	497	497	497	496	496	496	495	494	494	493	492	492	491	491	491	490	490	490	490	489	489	489	488	489	448	433	433	433	432
Diluted
504	510	511	508	508	493	503	502	502	502	501	501	501	495	498	500	499	494	497	499	498	482	496	503	502	501	499	497	496	494	493	493	495	498	490	490	494	494	493	494	493	486	451	433	433	433	432
Supplemental disclosures:
Total other-than-temporary impairments
-	-	0	0	-	0	0	0	0	2	1	2	1	5	2	22	11	15	10	0	3	-7	13	2	1	-1	3	2	12	-22	26	42	16	20	39	28	31	14	7	24	77	141	285	476	597	577	552
Portion of other-than-temporary impairments included in other comprehensive income (loss)
-	-	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	2	-1	0	0	7	-7	0	0	4	2	3	0	43	3	-3	1	-2	13	-2	5	26	30	27	3	-	-89	-324	-	0	0
Net other-than-temporary impairments
-	-	0	0	-	0	0	0	0	2	1	2	1	5	2	22	11	15	9	0	3	0	6	2	1	3	5	5	12	21	29	39	17	18	52	26	36	40	37	51	80	113	196	152	597	577	552
Other investment gains (losses)
-	-	-2	-45	-	52	-16	-14	-31	-81	86	103	35	46	22	52	-8	-1	-42	8	-13	-12	-21	36	-16	2	-18	26	-49	35	38	6	54	48	-105	-14	8	1	142	-88	10	17	74	99	-173	-239	34
Total net investment gains (losses)
-152	22	-2	-45	75	52	-16	-14	-31	-83	85	101	34	41	20	30	-19	-16	-51	8	-16	-12	-27	34	-17	-1	-23	21	-61	14	9	-33	37	30	-157	-40	-28	-39	105	-139	-70	-96	-122	-53	-770	-816	-518