Genworth Financial, Inc. Income Tax Provision

Income Tax Provision of GNW for past 10 years: annual, quarterly and twelve month trailing (TTM) including Income Tax Provision growth rates and interactive chart. The actual income tax expense for the applicable year.


Highlights and Quick Summary

  • Income Tax Provision for the quarter ending June 29, 2021 was $75 Million (a 27.12% increase compared to previous quarter)
  • Year-over-year quarterly Income Tax Provision decreased by -50.0%
  • Annual Income Tax Provision for 2020 was $270 Million (a 38.46% increase from previous year)
  • Annual Income Tax Provision for 2019 was $195 Million (a 178.57% increase from previous year)
  • Annual Income Tax Provision for 2018 was $70 Million (a -117.24% decrease from previous year)
  • Twelve month Income Tax Provision ending June 29, 2021 was $386 Million (a 15.57% increase compared to previous quarter)
  • Twelve month trailing Income Tax Provision increased by 98.97% year-over-year
Trailing Income Tax Provision for the last four month:
29 Jun '21 30 Mar '21 30 Dec '20 29 Sep '20
$386 Million $334 Million $270 Million $194 Million
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Historical Income Tax Provision of Genworth Financial, Inc.

Most recent Income Tax Provisionof GNW including historical data for past 10 years.

Interactive Chart of Income Tax Provision of Genworth Financial, Inc.

Genworth Financial, Inc. Income Tax Provision for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $75.0 $59.0
2020 $102.0 $150.0 $23.0 $-5.0 $270.0
2019 $26.0 $34.0 $66.0 $69.0 $195.0
2018 $-134.0 $30.0 $111.0 $63.0 $70.0
2017 $-754.0 $102.0 $130.0 $116.0 $-406.0
2016 $3.0 $222.0 $110.0 $23.0 $358.0
2015 $-36.0 $-134.0 $70.0 $91.0 $-9.0
2014 $-78.0 $-187.0 $84.0 $87.0 $-94.0
2013 $59.0 $105.0 $73.0 $76.0 $313.0
2012 $73.0 $23.0 $27.0 $15.0 $138.0
2011 $-19.0 $-7.0 $-5.0 $20.0 $-11.0
2010 $-168.0 $-248.0

Business Profile of Genworth Financial, Inc.

Sector: Financial Services
Industry: Insurance—Life
Genworth Financial, Inc. provides insurance products in the United States and internationally. It operates through four segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans; and pool mortgage insurance products. The Australia Mortgage Insurance segment offers flow mortgage insurance and bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk. The U.S. Life Insurance segment offers long-term care insurance products; and service traditional life insurance and fixed annuity products in the United States. The Runoff segment includes variable annuity, variable life insurance, and corporate-owned life insurance, as well as funding agreements. The company distributes its products through sales force, in-house sales representatives, and digital marketing programs. Genworth Financial, Inc. was founded in 1871 and is headquartered in Richmond, Virginia.