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Genworth Financial Inc [GNW] reports $110 million quarterly net profit

By USinMinutes - Aug 02, 2024, 06:36 AM ET
Last Updated - Aug 16, 2024, 10:38 AM EDT
Genworth Financial Inc [GNW] reports $110 million quarterly net profit

Company generates $1.8 billion in revenue

Genworth Financial Inc Genworth Financial Inc [GNW] has reported $110 million quarterly profit, an decrease of $59 million from the previous quarter, the company said in a filing to the SEC for the Q2 ended Jun 30, 2024.

Genworth Financial reported the quarterly diluted earnings per share (EPS) fell by -45.16 percent to $0.2 from $0.3 in the previous quarter.

Dollars in millions
Jun 30, 2024    Mar 31, 2024    Sep 30, 2023    Jun 30, 2023   

Income Statement

Revenue $1,769.0  $1,864.0  $1,831.0  $1,892.0 
Net Income $110.0  $169.0  $60.0  $168.0 
Net Cash -$283.0  -$263.0  $194.0  $374.0 
Gross Margin $1,769.0       
Profit as % of Revenues1608.18       
Profit as % of Assets0.25 0.19 0.07 0.19 
Profit as % of Stockholder Equity1.18 1.90 0.68 2.03 
Return on Equity1.18 1.90 0.68 2.03 
Return on Assets0.13 0.19 0.07 0.19 
Turnover Ratio3.96 0.02 0.02 0.02 
EBITA$60.0   $0.0 $0.0 

Balance Sheet

Total Assets $87,543.0  $89,192.0  $85,466.0  $89,844.0 
Total Liabilities $78,190.0  $80,313.0  $76,588.0  $81,577.0 

Cash Flow Statement

Operating Cash Flow -$100.0  -$107.0  $450.0  $275.0 
Investing Cash Flow $401.0  $143.0  $913.0  $917.0 
Financing Cash Flow -$584.0  -$299.0  -$1,170.0  -$818.0 
Read the full filing
 
Disclaimer:USinMinutes is an offering of 10kInfo, Inc., bringing you news on the latest regulatory filings. Although care is taken to ensure accuracy, the article does not intend to replace user diligence in decisions of financial or legal implications.
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