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Genworth Financial (Genworth Financial) Retained Earnings : $1,213 Mil (As of Dec. 2023)


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What is Genworth Financial Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Genworth Financial's retained earnings for the quarter that ended in Dec. 2023 was $1,213 Mil.

Genworth Financial's quarterly retained earnings increased from Jun. 2023 ($1,398 Mil) to Sep. 2023 ($1,426 Mil) but then declined from Sep. 2023 ($1,426 Mil) to Dec. 2023 ($1,213 Mil).

Genworth Financial's annual retained earnings declined from Dec. 2021 ($2,490 Mil) to Dec. 2022 ($1,139 Mil) but then increased from Dec. 2022 ($1,139 Mil) to Dec. 2023 ($1,213 Mil).


Genworth Financial Retained Earnings Historical Data

The historical data trend for Genworth Financial's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Genworth Financial Retained Earnings Chart

Genworth Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,461.00 1,584.00 2,490.00 1,139.00 1,213.00

Genworth Financial Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,139.00 1,259.00 1,398.00 1,426.00 1,213.00

Genworth Financial Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Genworth Financial  (NYSE:GNW) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Genworth Financial (Genworth Financial) Business Description

Traded in Other Exchanges
N/A
Address
6620 West Broad Street, Richmond, VA, USA, 23230
Genworth Financial is a diversified insurance holding company that provides various mortgage and life insurance products. The company has three main operating business segments: Enact, U.S. Life Insurance, and Runoff. The company's product portfolio includes various financial products such as traditional life insurance, mortgage insurance, fixed annuities, and variable annuities. most of the revenue is generated by the company's U.S. life insurance segment that offers long-term care insurance, fixed annuity, and traditional life insurance products. The company earns most of its revenue in the United States.
Executives
Thomas J Mcinerney director, officer: President and CEO; Director 6620 WEST BROAD STREET, RICHMOND VA 23230
Cristina E. Ahn officer: VP and Controller C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Kelly A Saltzgaber officer: EVP & Chief Investment Officer C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Rohit Gupta officer: EVP?U.S. Mortgage Insurance C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Sheehan Daniel J Iv officer: SVP - Chief Investment Officer 6620 WEST BROAD STREET, RICHMOND VA 23230
Andrea Lynn White officer: EVP-GR & Chief of Staff C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Mark Blakeley Hodges officer: EVP and CRO C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Elaine A Sarsynski director 312 FARMINGTON AVE, FARMINGTON CT 06032
Restrepo Robert P Jr director
Melissa Hagerman officer: EVP and Chief HR Officer C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Gregory S. Karawan officer: EVP and General Counsel C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Mills Howard D. Iii director C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Jill R Goodman director 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Ramsey D. Smith director C/O GENWORTH FINANCIAL, INC., 6620 WEST BROAD STREET, RICHMOND VA 23230
Karen Elizabeth Dyson director 21 RIVERSIDE DR., APT 601, COCOA FL 32922