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Genworth Financial GNW Long- term care insurance — Deferred acquisition costs

Other product segments

Life insurance
$639M-14.9%
Variable annuities
$66M-14.3%
Fixed annuities
$26M-21.2%

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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$3.71B+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:DeferredPolicyAcquisitionCosts.

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)Long-term careinsuranceLifeinsuranceFixedannuitiesVariableannuitiesTotal
Balance as of January 1$769$694$30$71$1,564
Costs deferred
Amortization(25)(55)(4)(5)(89)
Balance as of June 30$744$639$26$661,475
Enact segment22
Total deferred acquisition costs$1,497

Item 1. Financial Statements

FAQ

What is Genworth Financial's long- term care insurance — deferred acquisition costs?
Genworth Financial (GNW) reported long- term care insurance — deferred acquisition costs of $744M in Q2 2026.
How has Genworth Financial's long- term care insurance — deferred acquisition costs changed year-over-year?
Genworth Financial's long- term care insurance — deferred acquisition costs decreased by 6.5% year-over-year, from $796M to $744M.
What is the long-term trend for Genworth Financial's long- term care insurance — deferred acquisition costs?
Over 2 years (2023 to 2025), Genworth Financial's long- term care insurance — deferred acquisition costs has grown at a -6.4% compound annual growth rate (CAGR), from $3.6B to $3.16B.
What does long- term care insurance — deferred acquisition costs mean?
This represents the unamortized balance of costs directly related to the acquisition of new long-term care insurance policies, such as commissions and underwriting expenses. These costs are capitalized and amortized over the expected life of the policies to match expenses with related revenues.

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