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Genworth Financial GNW Fixed annuities — Derecognition (lapses and withdrawals)

Other product segments

Life insurance
$0—

Other financials

Income statement

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Revenue$1.8B-0.5%
Net income$47.0M-13.0%
EPS (diluted)$0.12-7.7%

Balance sheet

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Cash & equivalents$2.1B+12.1%
Total debt$1.5B-0.7%
Total equity$8.8B+1.2%
Total assets$86.8B-0.6%

Cash flow

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Operating cash flow$91.0M+168%

Valuation

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Market cap$3.51B+6.0%

Profitability

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Net margin3%0.0pp

Returns & leverage

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Return on equity2.5%-0.1pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Genworth Financial in its filing.

Tagged under the XBRL concept us-gaap:LiabilityForFuturePolicyBenefitExpectedNetPremiumDerecognition.

The official record: Genworth Financial’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

Questions, answered.

What is Genworth Financial's fixed annuities — derecognition (lapses and withdrawals)?
Genworth Financial (GNW) reported fixed annuities — derecognition (lapses and withdrawals) of $0 in Q1 2026.
What does fixed annuities — derecognition (lapses and withdrawals) mean?
This metric quantifies the reduction in policy liabilities resulting from contract lapses, surrenders, or withdrawals by policyholders. High levels of derecognition may indicate competitive pressures, poor product performance, or changes in customer financial needs. It is a critical measure of policyholder retention and portfolio stability.