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Genworth Financial Inc   (GNW)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 

GNW's Operating Income Growth by Quarter and Year

Genworth Financial Inc 's Operating Income results by quarter and year




GNW Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 340.00 394.00 619.00
III Quarter September 120.00 212.00 408.00 634.00
II Quarter June 250.00 319.00 363.00 192.00
I Quarter March 162.00 265.00 284.00 -30.00
FY   532.00 1,136.00 1,449.00 1,415.00



GNW Operating Income third quarter 2023 Y/Y Growth Comment
Genworth Financial Inc reported fall in Operating Income in the third quarter 2023 by -43.4% to $ 120.00 millions, from the same quarter in 2022.
The drop in the third quarter 2023 Genworth Financial Inc 's Operating Income compares unfavorably to the Company's average Operating Income decline of -30.7%.

Looking into third quarter 2023 results within Life Insurance industry 11 other companies have achieved higher Operating Income growth. While Genworth Financial Inc ' s Operating Income drop of -43.4% ranks overall at the positon no. 1306 in the third quarter 2023.

Explain Operating Income growth


GNW Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -13.71 % -36.35 % 1067.92 %
III Quarter September -43.4 % -48.04 % -35.65 % 174.46 %
II Quarter June -21.63 % -12.12 % 89.06 % -51.76 %
I Quarter March -38.87 % -6.69 % - -
FY   - -21.6 % 2.4 % 29.11 %

Financial Statements
Genworth Financial Inc 's third quarter 2023 Operating Income $ 120.00 millions GNW's Income Statement
Genworth Financial Inc 's third quarter 2022 Operating Income $ 212.00 millions Quarterly GNW's Income Statement
New: More GNW's historic Operating Income Growth >>


GNW Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 60.38 % -3.43 % -2.37 %
III Quarter September -52 % -33.54 % 12.4 % 230.21 %
II Quarter June 54.32 % 20.38 % 27.82 % -
I Quarter March -52.35 % -32.74 % -54.12 % -
FY (Year on Year)   - -21.6 % 2.4 % 29.11 %




Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Life Insurance Industry #12
Financial Sector #433
Overall #1306

Operating Income Y/Y Growth Statistics
High Average Low
326.01 % -30.7 % -523.11 %
(Jun 30 2021)   (Sep. 30, 2009)
Operating Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Life Insurance Industry #12
Financial Sector #433
Overall #1306
Operating Income Y/Y Growth Statistics
High Average Low
326.01 % -30.7 % -523.11 %
(Jun 30 2021)   (Sep. 30, 2009)

Operating Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Genworth Financial Inc 's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
230.21 % 11.34 % -77.06 %
(Sep 30 2020)  


GNW's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 Genworth Financial Inc reported fall in Operating Income sequentially by -52% to $ 120.00 millions, from $ 250.00 millions achived in the previous quarter.

This is not big concern, as III. Quarter Operating Income always tend to dip in this quarter.

Within Life Insurance industry 16 other companies have achieved higher Operating Income quarter on quarter growth. While Genworth Financial Inc 's Operating Income growth quarter on quarter, overall rank is 1912.


Operating Income Q/Q Growth Company Ranking
Within: No.
Life Insurance Industry #17
Financial Sector #627
Overall #1912
Operating Income Q/Q Growth Company Ranking
Within: No.
Life Insurance Industry #17
Financial Sector #627
Overall #1912
Operating Income Q/Q Growth Statistics
High Average Low
230.21 % 11.34 % -77.06 %
(Sep 30 2020)  


GNW's III. Quarter Q/Q Operating Income Comment
In the III. Quarter 2023 Genworth Financial Inc disclosed fall in Operating Income from the previous quarter by -52% to $ 120.00 millions, from $ 250.00 millions declared in the previous quarter.

If you look into recent downturn in the III. Quarter 2023, you suppose to presume, that commonly III. Quarter Operating Income emerge softer in contrast to the quarter before, Veer Mehra , an industry consultant added.

Within Life Insurance industry 16 other companies have achieved higher Operating Income quarter on quarter growth. While Genworth Financial Inc 's Operating Income growth quarter on quarter, overall rank is 1912.


Genworth Financial Inc 's 12 Months Operating Income Growth Year on Year


Operating Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Operating Income 12 Months Ending $ 872.00 $ 964.00 $ 1,033.00 $ 1,136.00 $ 1,190.00
Y / Y Operating Income Growth (TTM) -26.72 % -30.45 % -27.76 % -21.6 % -28.91 %
Year on Year Operating Income Growth Overall Ranking # 1523 # 1502 # 1436 # 1256 # 1432
Seqeuential Operating Income Change (TTM) -9.54 % -6.68 % -9.07 % -4.54 % -14.14 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1306 # 1124 # 1151 # 1608 # 1681




Cumulative Operating Income growth Comment
Genworth Financial Inc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Jun 30 2023. If the fiscal year would end in Sep 30 2023, Genworth Financial Inc 's annual Operating Income fall would be -26.72% year on year to $872 millions.

In the Financial sector 508 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1502 to 1523.

Operating Income TTM Q/Q Growth Statistics
High Average Low
326.01 %
-30.7 %
-523.11 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Life Insurance Industry # 12
Financial Sector # 509
Overall # 1523

Operating Income TTM Y/Y Growth Statistics
High Average Low
326.01 %
-30.7 %
-523.11 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 12
Sector # 433
S&P 500 # 1306
Cumulative Operating Income growth Comment
Genworth Financial Inc showed decline, but improvement compare to trailing twelve month Operating Income decrease in Jun 30 2023. If the fiscal year would end in Sep 30 2023, Genworth Financial Inc 's annual Operating Income drop would be -26.72% year on year to $872 millions.

In the Financial sector 508 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 1502 to 1523.

Operating Income TTM Q/Q Growth Statistics
High Average Low
326.01 %
-30.7 %
-523.11 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Life Insurance Industry # 12
Financial Sector # 509
Overall # 1523

Operating Income TTM Y/Y Growth Statistics
High Average Low
326.01 %
-30.7 %
-523.11 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 12
Sector # 433
S&P 500 # 1306




Other Operating Income Growth
Life Insurance Industry Operating Income Growth Trends and Statistics
Financial Sector Operating Income Growth Statistics
Operating Income Growth Trends for overall market
GNW's Operating Income Growth Ratio versus Life Insurance Industry, Financial Sector and total Market
Highest Ranking Operating Income Growth
Lowest Ranking Operating Income Growth
Operating Income Growth for GNW's Competitors
Operating Income Growth for Genworth Financial Inc 's Suppliers
Operating Income Growth for GNW's Customers

You may also want to know
GNW's Annual Growth Rates GNW's Profitability Ratios GNW's Asset Turnover Ratio GNW's Dividend Growth
GNW's Roe GNW's Valuation Ratios GNW's Financial Strength Ratios GNW's Dividend Payout Ratio
GNW's Roa GNW's Inventory Turnover Ratio GNW's Growth Rates GNW's Dividend Comparisons



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