GNW Q1 2024 Earnings — Genworth Financial, Inc. Revenue & Financial Results | Market Cap Arena

GNWGenworth Financial, Inc.

$3B

Q1 2024 Earnings

Financial Services Insurance - Life

Income Statement

Revenue

$1.8B+1.0% YoY

Gross Profit

$246M13.3% margin

Operating Income

$236M12.8% margin

Net Income

$139M7.5% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

-1.4%

Cash Flow

Operating Cash Flow

-$107M

Free Cash Flow

-$107M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$89.2B

Total Liabilities

$80.3B

Stockholders' Equity

$8.0B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.8B	$1.8B	+1.0%
Gross Profit	$246M	$210M	+17.1%
Operating Income	$236M	$209M	+12.9%
Net Income	$139M	$122M	+13.9%

Revenue Segments

Long Term Care Insurance

$1.1B70%

Life and Annuities Segment

$461M29%

Corporate and Other

$6M0%