Genworth Financial (GNW) FY2024 results: revenue $7.3 billion, down 2.6% on the year
Genworth Financial Inc. (GNW) reported revenue of $7.3 billion for fiscal 2024, the year ended 31 December 2024, down 2.6% on the year before. Net income was $299 million, up 293.4%, and diluted earnings per share $0.68. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2025.
Revenue
$7.3 billion
-2.6% on the year
FY2017FY2024
Operating margin
8.2%
0.5% a year earlier
FY2017FY2024
Net income
$299 million
+293.4% on the year
FY2017FY2024
Diluted EPS
$0.68
+325.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
88.0
597
1,049
-85.3%
Cash from investing
861
1,261
733
-31.7%
Cash from financing
-1,115
-1,443
-1,554
Depreciation and amortisation
249
264
326
-5.7%
Share-based compensation
51.0
49.0
37.0
+4.1%
Buybacks
189
296
64.0
-36.1%
Diluted shares, weighted
439m
475m
511m
-7.5%
Shares outstanding at period end
421m
447m
495m
-5.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
8,444
7,480
7,631
+12.9%
Non-controlling interest
937
855
755
+9.6%
Debt
1,518
1,584
1,611
-4.2%
Other liabilities
75,972
80,898
79,717
-6.1%
Total liabilities and equity
86,871
90,817
89,714
-4.3%
Intangible assets
197
198
203
-0.5%
Securities held for sale or to maturity
44,902
46,781
46,583
-4.0%
Cash and equivalents
2,048
2,215
1,799
-7.5%
Other assets
39,724
41,623
41,129
-4.6%
Total assets
86,871
90,817
89,714
-4.3%
10-K for the year ended 31 December 2024, filed 28 February 2025: the filing.