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

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

Company generates $1.8 billion in revenue

By USinMinutes
Published - Aug 02, 2024, 06:36 AM ET
Last Updated - Aug 16, 2024, 10:38 AM EDT

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
 
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