Genworth Financial GNW Operating Lease Liabilities (Total)

We have leased assets predominantly classified as operating leases, which are recognized both as a right-of-use asset and a corresponding lease liability in our consolidated balance sheets. Our leased assets consist of office space in eight locations in the United States and one location in Mexico. Lease payments included in the calculation of our lease liability include fixed amounts contained within each rental agreement and variable lease payments that are based upon an index or rate. We combine lease and non-lease components and as a result, non-lease components are included in the calculation of our lease liability. Our remaining lease terms ranged from less than one year to 13 years and had a weighted-average remaining lease term of eight years as of December 31, 2025. The implicit rate of our lease agreements was not readily determinable; therefore, we utilized our incremental borrowing rate to discount future lease payments. The weighted-average discount rate was 6.9% as of December 31, 2025. The amount of contractual undiscounted lease obligations due in 2026, 2027, 2028, 2029, and 2030 and thereafter is $12 million, $11 million, $5 million, $4 million and $26 million, respectively. As of December 31, 2025, the operating lease liability recorded in other liabilities in our consolidated balance sheet of $45 million was net of imputed interest of $13 million.