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Genworth Financial GNW Life insurance — Flooring adjustments
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Where this comes from
Reported directly by Genworth Financial in its filing.
Tagged under the XBRL concept gnw:FlooringAdjustmentsOnNetLiabilityForFuturePolicyBenefits.
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
| (Dollar amounts in millions) | Long-termcare insurance | Lifeinsurance | Fixedannuities |
|---|---|---|---|
| Effect of changes in discount rate assumptions | (1,861) | 91 | 1,061 |
| Ending balance as of June 30 | $58,632 | $4,074 | $10,097 |
| Net liability for future policy benefits, before flooring adjustments | $42,888 | $740 | $10,097 |
| Flooring adjustments (2) | 2 | 628 | — |
| Net liability for future policy benefits | 42,890 | 1,368 | 10,097 |
| Less: reinsurance recoverable | 7,597 | 658 | 7,843 |
| Net liability for future policy benefits, net of reinsurance recoverable | $35,293 | $710 | $2,254 |
| Weighted-average liability duration (years) | 11.3 | 5.5 | 10.3 |
Item 1. Financial Statements
FAQ
- What is Genworth Financial's life insurance — flooring adjustments?
- Genworth Financial (GNW) reported life insurance — flooring adjustments of $628M in Q2 2026.
- How has Genworth Financial's life insurance — flooring adjustments changed year-over-year?
- Genworth Financial's life insurance — flooring adjustments increased by 10.0% year-over-year, from $571M to $628M.
- What is the long-term trend for Genworth Financial's life insurance — flooring adjustments?
- Over 2 years (2023 to 2025), Genworth Financial's life insurance — flooring adjustments has grown at a 17.2% compound annual growth rate (CAGR), from $1.71B to $2.35B.
- What does life insurance — flooring adjustments mean?
- Reflects adjustments applied to the net liability for future policy benefits to ensure the liability does not fall below a specified floor. This mechanism prevents the understatement of reserves in scenarios where actuarial assumptions might otherwise result in a negative net liability. It serves as a conservative buffer in the valuation of long-term insurance obligations.
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