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Genworth Financial GNW Life insurance — Derecognition (lapses and withdrawals)

Other product segments

Fixed annuities
$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$3.56B+11.8%
Enterprise value$2.95B+4.9%
P/E16.5×+1.7×
P/S0.5×0.0×

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 →

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Questions, answered.

What is Genworth Financial's life insurance — derecognition (lapses and withdrawals)?
Genworth Financial (GNW) reported life insurance — derecognition (lapses and withdrawals) of $0 in Q1 2026.
What does life insurance — derecognition (lapses and withdrawals) mean?
Measures the reduction in the liability for future policy benefits resulting from policyholders terminating their coverage or withdrawing funds before maturity. High levels of derecognition may indicate competitive pressures or changes in customer retention. Monitoring this trend is essential for assessing the stability and longevity of the insurance block.