Screener
Genworth Financial GNW Long- term care insurance — Flooring adjustments
Similar metrics at other companies
Other financials
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 long- term care insurance — flooring adjustments?
- Genworth Financial (GNW) reported long- term care insurance — flooring adjustments of $2M in Q2 2026.
- What does long- term care insurance — flooring adjustments mean?
- This metric captures adjustments made to the liability for future policy benefits to ensure that the carrying value does not fall below a specified floor, often mandated by accounting standards or internal risk management policies. It reflects a conservative approach to reserve valuation for long-term care products. Investors track this to understand the impact of valuation constraints on the reported liability balance.
Ask your AI about Genworth Financial's long- term care insurance — flooring adjustments.
Connect your AI assistant and compare it to peers, right in your chat.
Connect your AI
Claude