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Genworth Financial GNW Long- term care insurance — Derecognition (lapses and withdrawals)

Other product segments

Fixed annuities
$0
Life insurance
$0

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LNCTraditional Life — Liability for Future Policy Benefit, Expected Net Premium, Derecognition
-$11M-120%

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:LiabilityForFuturePolicyBenefitExpectedNetPremiumDerecognition.

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 insuranceLifeinsuranceFixedannuities
Issuances18
Interest accretion41293
Net premiums collected (1)(929)(196)(18)
Derecognition (lapses and withdrawals)
Other
Ending balance, at original discount rate15,9403,289
Effect of changes in discount rate assumptions(196)45
Ending balance as of June 30$15,744$3,334

Item 1. Financial Statements

FAQ

What is Genworth Financial's long- term care insurance — derecognition (lapses and withdrawals)?
Genworth Financial (GNW) reported long- term care insurance — derecognition (lapses and withdrawals) of $0 in Q2 2026.
What does long- term care insurance — derecognition (lapses and withdrawals) mean?
Measures the reduction in the liability for future policy benefits resulting from policy lapses, surrenders, or withdrawals. High levels of derecognition may indicate changes in customer retention or shifts in the underlying policyholder risk profile.

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