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Genworth Financial GNW Variable annuities — Deferred acquisition costs

Other product segments

Life insurance
$666M-14.7%
Fixed annuities
$28M-20.0%

Other financials

Income statement

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Revenue$1.8B-0.5%
Net income$47.0M-13.0%
EPS (diluted)$0.12-7.7%

Balance sheet

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Cash & equivalents$2.1B+12.1%
Total debt$1.5B-0.7%
Total equity$8.8B+1.2%
Total assets$86.8B-0.6%

Cash flow

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Operating cash flow$91.0M+168%

Valuation

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Market cap$3.51B+6.0%

Profitability

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Net margin3%0.0pp

Returns & leverage

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Return on equity2.5%-0.1pp
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 official record: Genworth Financial’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Genworth Financial's variable annuities — deferred acquisition costs?
Genworth Financial (GNW) reported variable annuities — deferred acquisition costs of $68M in Q1 2026.
How has Genworth Financial's variable annuities — deferred acquisition costs changed year-over-year?
Genworth Financial's variable annuities — deferred acquisition costs decreased by 15.0% year-over-year, from $80M to $68M.
What is the long-term trend for Genworth Financial's variable annuities — deferred acquisition costs?
Over 2 years (2023 to 2025), Genworth Financial's variable annuities — deferred acquisition costs has grown at a -14.5% compound annual growth rate (CAGR), from $413M to $302M.
What does variable annuities — deferred acquisition costs mean?
This metric represents the capitalized costs directly associated with the acquisition of new variable annuity business, such as commissions and underwriting expenses. These costs are deferred on the balance sheet and amortized over the expected life of the policies. It serves as a key indicator of the company's investment in future revenue streams and long-term profitability.