Genworth Financial offers mortgage insurance products through its principal mortgage insurance subsidiaries. Genworth Financial also has start-up businesses whereby it offers fee-based services, advice, consulting and other aging-care services through CareScout Services and long-term care insurance products through CareScout Insurance.
Net margin is thin at 3.05%. This may reflect rising credit costs, rate compression, or operational inefficiency.
Revenue growth slowed to 0.1%, essentially flat. This is a business that needs a catalyst.
Net income declined 25% YoY, profitability momentum has weakened.
Profitability & Returns
Revenue (TTM)
$7.29B
Net Income (TTM)
$216M
▼ -25.4% YoY
Net Margin
2.96%
P/E
—
Balance Sheet
Total Assets
$86.77B
Equity
$8.81B
Total Debt
$1.51B
Cash & Equiv.
$2.15B
5Y CAGR: -2.5%
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