Genworth Financial GNW Long- term care insurance — Net insurance recoveries

For the three months ended March 31, 2026, the impact of changes in cash flow assumptions resulted in a decrease of $17 million in the liability for future policy benefits due to favorable updates related to approval amounts of in-force rate actions on fully reinsured blocks of business, partially offset by unfavorable updates related to approval and implementation timing of in-force rate actions. The favorable impact of cash flow assumption updates on fully reinsured blocks was more than offset in net income (loss) by the unfavorable assumption updates on the retained blocks of business. The impact of actual variances from expected experience resulted in an increase of $36 million in the liability for future policy benefits. This increase was primarily due to higher claims and lower terminations, partially offset by $23 million of net insurance recoveries related to cash payments made to policyholders in connection with a prior legal settlement.