What does fixed annuities — market risk benefit assets mean?

The fair value of assets held to hedge or offset market risks associated with guaranteed benefits embedded in fixed annuity products. This reflects the company's proactive management of market volatility and its ability to mitigate potential financial losses from product guarantees.

Genworth Financial (GNW) Fixed annuities — Market risk benefit assets

Screener

Other product segments

Variable annuities

$79M+36.2%

Similar metrics at other companies

LNCFixed Annuities — Market risk benefit assets

$49M-32.9%

PRUAnnuities — Market risk benefit assets

$2.4B+11.9%

LNCVariable Annuities — Market risk benefit assets

$4.21B+4.2%

PRUTotal — Market risk benefit assets

$2.43B+11.1%

BHFAssumed Reinsurance — Market risk benefit assets

$0—

BHFCeded Reinsurance — Market risk benefit assets

$8M-52.9%

Other financials

Income statement

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Revenue$1.9B+5.8%

Net income$47.0M-7.8%

EPS (diluted)$0.120.0%

Balance sheet

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Cash & equivalents$2.0B+10.5%

Total debt$1.5B-1.3%

Total equity$8.7B-0.7%

Total assets$87.4B0.0%

Cash flow

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Operating cash flow$52.0M+767%

Valuation

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Market cap$3.72B+8.4%

Enterprise value$3.23B+2.5%

P/E17.5×-0.5×

P/S0.5×0.0×

Profitability

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Net margin2.9%+0.2pp

Returns & leverage

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Return on equity2.4%+0.2pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Genworth Financial in its filing.

Tagged under the XBRL concept us-gaap:MarketRiskBenefitAssetAmount.

The source filing: Genworth Financial’s 10-Q, filed August 6, 2026.

Filed: Aug 6, 2026, 4:18 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001628280-26-054344

(Amounts in millions)	June 30, 2026 / Asset	June 30, 2026 / Liability	June 30, 2026 / Net liability	December 31, 2025 / Asset	December 31, 2025 / Liability	December 31, 2025 / Net liability
Fixed indexed annuities	—	$52	$52	—	$52	$52
Variable annuities	79	314	235	64	361	297
Total market risk benefits	$79	$366	$287	$64	$413	$349

Item 1. Financial Statements

FAQ

What is Genworth Financial's fixed annuities — market risk benefit assets?: Genworth Financial (GNW) reported fixed annuities — market risk benefit assets of $0 in Q2 2026.
What does fixed annuities — market risk benefit assets mean?: The fair value of assets held to hedge or offset market risks associated with guaranteed benefits embedded in fixed annuity products. This reflects the company's proactive management of market volatility and its ability to mitigate potential financial losses from product guarantees.