Genworth Financial (FRA:GGK) Tax Rate % : 16.59% (As of Dec. 2023)

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What is Genworth Financial Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Genworth Financial's Tax Expense for the three months ended in Dec. 2023 was €-33 Mil. Genworth Financial's Pre-Tax Income for the three months ended in Dec. 2023 was €-199 Mil. Therefore, Genworth Financial's Tax Rate % for the quarter that ended in Dec. 2023 was 16.59%.

Genworth Financial Tax Rate % Historical Data

The historical data trend for Genworth Financial's Tax Rate % 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.

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Genworth Financial Tax Rate % Chart

Genworth Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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26.68

24.78

22.30

23.37

34.32

Genworth Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															29.32	24.89	33.33	16.59	27.97

Genworth Financial Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Genworth Financial's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	95.368	/	277.851
	=	34.32 %

Genworth Financial's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	-33.012	/	-198.989
	=	16.59 %

Genworth Financial Tax Rate % Related Terms

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Genworth Financial (FRA:GGK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Genworth Financial Inc (FRA:GGK) » Definitions » Tax Rate %

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Traded in Other Exchanges

GNW:USA

Address

6620 West Broad Street, Richmond, VA, USA, 23230

Website

https://www.genworth.com

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.

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