Genworth Financial Inc
NYSE:GNW
Genworth Financial Inc
Tax Provision
Genworth Financial Inc
Tax Provision Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
| Company | Tax Provision | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
|---|---|---|---|---|---|---|
|
|
Genworth Financial Inc
NYSE:GNW
|
Tax Provision
-$158m
|
CAGR 3-Years
16%
|
CAGR 5-Years
-3%
|
CAGR 10-Years
N/A
|
|
|
MetLife Inc
NYSE:MET
|
Tax Provision
-$1.2B
|
CAGR 3-Years
9%
|
CAGR 5-Years
-6%
|
CAGR 10-Years
7%
|
|
|
Unum Group
NYSE:UNM
|
Tax Provision
-$472.2m
|
CAGR 3-Years
-19%
|
CAGR 5-Years
-11%
|
CAGR 10-Years
-13%
|
|
|
Aflac Inc
NYSE:AFL
|
Tax Provision
-$974m
|
CAGR 3-Years
1%
|
CAGR 5-Years
3%
|
CAGR 10-Years
4%
|
|
|
Prudential Financial Inc
NYSE:PRU
|
Tax Provision
-$507m
|
CAGR 3-Years
37%
|
CAGR 5-Years
12%
|
CAGR 10-Years
-4%
|
|
|
Principal Financial Group Inc
NASDAQ:PFG
|
Tax Provision
-$291.7m
|
CAGR 3-Years
-1%
|
CAGR 5-Years
-3%
|
CAGR 10-Years
1%
|
|
Genworth Financial Inc
Glance View
Genworth Financial Inc. began its journey as part of the General Electric Company before its spin-off in 2004, establishing itself as a standalone entity with a distinct mission. Its narrative is deeply rooted in providing financial security through its vast array of insurance products and services. Its primary focus resides in its leading role within the life and long-term care insurance markets. They cater to individuals seeking to safeguard their financial future with long-term care insurance addressing the rising costs of healthcare and providing peace of mind to policyholders and their families. The company effectively employs actuarial science and extensive data analysis to assess risk and set premiums, a critical part of its business model that allows it to balance payouts with revenue generation. Genworth's profitability stems from its adept handling of insurance contracts, where it collects premiums from policyholders in exchange for coverage against various financial risks. Investment income is another crucial revenue stream, as the company invests the collected premiums, or "float," into a diversified portfolio, seeking to generate returns that support its financial commitments. This dual-income approach—rooted in both underwriting profits and investment gains—forms the backbone of Genworth's financial operations. Throughout its history, Genworth has navigated various market challenges, from interest rate fluctuations to regulatory changes, maintaining resilience by adapting its product offerings and business strategies to align with the evolving landscape of the insurance industry.
See Also
What is Genworth Financial Inc's Tax Provision?
Tax Provision
-158m
USD
Based on the financial report for Dec 31, 2024, Genworth Financial Inc's Tax Provision amounts to -158m USD.
What is Genworth Financial Inc's Tax Provision growth rate?
Tax Provision CAGR 5Y
-3%
Over the last year, the Tax Provision growth was -52%. The average annual Tax Provision growth rates for Genworth Financial Inc have been 16% over the past three years , -3% over the past five years .
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