Genworth Financial GNW Fixed annuities — Flooring adjustments
Other financials
Where this comes from
Reported directly by Genworth Financial in its filing.
Tagged under the XBRL concept gnw:FlooringAdjustmentsOnNetLiabilityForFuturePolicyBenefits.
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 — flooring adjustments?
- Genworth Financial (GNW) reported fixed annuities — flooring adjustments of $0 in Q1 2026.
- What does fixed annuities — flooring adjustments mean?
- This represents adjustments made to the net liability for future policy benefits to ensure the carrying value does not fall below a specified floor, often required by accounting standards or regulatory mandates. It serves as a valuation buffer to prevent the underestimation of long-term insurance obligations.