Genworth Financial GNW Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Business | ||||||
| Closed Block | $1.48B+2.4% | —— | —— | —— | $1.44B-4.3% | |
| Enact | $318M+2.6% | $315M+1.9% | $314M+1.0% | $312M+2.0% | $310M+4.0% | |
| Adjusted operating income (loss) attributable to noncontrolling interests by Business | ||||||
| Closed Block | $0— | —— | —— | —— | $0— | |
| Enact | $33M+3.1% | $33M+6.5% | $31M-6.1% | $33M-10.8% | $32M+3.2% | |
| Operating Income (Loss) by Business | ||||||
| Closed Block | -$32M+49.2% | —— | —— | —— | -$63M-17.8% | |
| Enact | $140M+2.2% | $146M+6.6% | $134M-9.5% | $141M-14.5% | $137M+1.5% | |
| Net investment income by Business | ||||||
| Closed Block | $691M+3.0% | —— | —— | —— | $671M-7.4% | |
| Enact | $72M+14.3% | $69M+11.3% | $68M+9.7% | $66M+11.9% | $63M+10.5% | |
| Policy fees and other income by Business | ||||||
| Closed Block | $150M-3.8% | —— | —— | —— | $156M-2.2% | |
| Enact | $3M+50.0% | $1M0.0% | $1M— | $1M-66.7% | $2M— | |
| Provision (benefit) for income taxes by Business | ||||||
| Closed Block | -$3M+66.7% | —— | —— | —— | -$9M-50.0% | |
| Enact | $47M0.0% | $46M-4.2% | $48M-2.0% | $47M-14.5% | $47M+2.2% | |
| Total Assets by Business | ||||||
| Closed Block | $78.47B— | $79.62B+1.3% | —— | —— | —— | |
| Enact | $6.97B+3.5% | $6.9B+5.7% | $6.88B+4.2% | $6.78B+6.7% | $6.73B+6.8% | |
| Actual variances from expected experience by Business | ||||||
| Closed Block | $36M+620% | —— | —— | —— | $5M-89.7% | |
| Enact | $0— | $0— | $0— | $0— | $0— | |
| Benefits and other changes in policy reserves by Business | ||||||
| Closed Block | $1.19B+0.1% | —— | —— | —— | $1.19B+0.3% | |
| Enact | $37M+19.4% | $18M-25.0% | $36M+200% | $25M+247% | $31M+55.0% | |
| Cash flow assumption updates by Business | ||||||
| Closed Block | $8M+900% | —— | —— | —— | -$1M+90.5% | |
| Enact | $0— | $0— | $0— | $0— | $0— | |
| Interest Expense by Business | ||||||
| Closed Block | $0— | —— | —— | —— | $0— | |
| Enact | $12M0.0% | $13M+8.3% | $13M0.0% | $12M-7.7% | $12M-7.7% | |
| Liability for policy and contract claims by Business | ||||||
| Closed Block | $146M— | $149M+7.2% | —— | —— | —— | |
| Enact | $590M+8.7% | $572M+9.0% | $572M+12.2% | $552M+8.7% | $543M+2.1% | |
| Other segment expenses by Business | ||||||
| Closed Block | $228M-14.0% | —— | —— | —— | $265M-7.0% | |
| Enact | $47M-4.1% | $57M+5.6% | $50M-5.7% | $51M0.0% | $49M-3.9% | |
| Premiums by Business | ||||||
| Closed Block | $636M+3.4% | —— | —— | —— | $615M-1.2% | |
| Enact | $243M-0.8% | $245M-0.4% | $245M-1.6% | $245M+0.4% | $245M+1.7% | |
| Market risk benefit assets by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Variable annuities | $55M+17.0% | $64M+12.3% | $62M+19.2% | $58M+7.4% | $47M-9.6% | |
| Policyholder account balance by Product | ||||||
| Additional Insurance Liabilities | $2.99B— | $2.99B+2.3% | $2.99B— | —— | —— | |
| Fixed annuities | $3.17B-13.2% | $3.28B-13.5% | $3.4B-14.1% | $3.52B-14.4% | $3.66B-14.6% | |
| Funding agreements | $167M— | $0— | —— | —— | —— | |
| Life insurance | $6.97B-3.5% | $6.99B-3.3% | $7.05B-3.1% | $7.08B-3.6% | $7.23B-2.9% | |
| Other | $14M— | $14M+7.7% | $13M— | —— | —— | |
| Variable annuities | $411M-9.3% | $420M-10.1% | $431M-9.8% | $443M-10.0% | $453M-11.4% | |
| Cash surrender value by Product | ||||||
| Fixed annuities | $2.4B-14.4% | $2.49B-14.5% | $2.59B-15.2% | $2.69B-15.6% | $2.8B-16.1% | |
| Life insurance | $3.98B-4.8% | $4.02B-4.1% | $4.05B-3.2% | $4.04B-3.7% | $4.18B-3.8% | |
| Variable annuities | $411M-9.3% | $420M-10.1% | $431M-9.8% | $443M-10.0% | $453M-11.4% | |
| Interest credited by Product | ||||||
| Fixed annuities | $28M-12.5% | $31M-11.4% | $30M-14.3% | $32M-11.1% | $32M-13.5% | |
| Life insurance | $74M-1.3% | $75M-2.6% | $75M-1.3% | $72M-27.3% | $75M-23.5% | |
| Variable annuities | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | $1M0.0% | |
| Issuances by Product | ||||||
| Fixed annuities | $9M-18.2% | $10M0.0% | $8M-33.3% | $9M-10.0% | $11M+10.0% | |
| Life insurance | $0— | $0— | $0— | $0— | $0— | |
| Variable annuities | $0— | $0— | $0— | $0— | $0— | |
| Net amount at risk by Product | ||||||
| Fixed annuities | $32M+10.3% | $34M+30.8% | $29M-6.5% | $29M+38.1% | $29M+16.0% | |
| Life insurance | $39.2B-4.5% | $39.71B-4.0% | $40.2B-3.9% | $40.58B-3.8% | $41.03B-3.4% | |
| Variable annuities | $365M-13.5% | $354M-8.3% | $363M-12.1% | $381M-5.0% | $422M+3.7% | |
| Net transfers from (to) separate accounts by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | —— | —— | |
| Life insurance | $0— | $0— | $0— | —— | —— | |
| Variable annuities | $2M+300% | $500K-83.3% | $500K— | $500K+150% | $500K+150% | |
| Other by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $0— | $0— | $1M0.0% | $0-100% | $0— | |
| Variable annuities | $7M-41.7% | $10M+11.1% | $11M0.0% | $10M+100% | $12M0.0% | |
| Policyholder Account Balance, Benefit Payment by Product | ||||||
| Fixed annuities | $64M-19.0% | $71M-15.5% | $74M-17.8% | $80M-5.9% | $79M-10.2% | |
| Life insurance | $34M-15.0% | $51M+45.7% | $37M-43.9% | $115M+49.4% | $40M-18.4% | |
| Variable annuities | $12M-20.0% | $16M+45.5% | $12M-29.4% | $17M+41.7% | $15M0.0% | |
| Policyholder Account Balance, Policy Charge by Product | ||||||
| Fixed annuities | $1M0.0% | $1M-50.0% | $2M+100% | $1M0.0% | $1M-50.0% | |
| Life insurance | $142M-4.1% | $142M-3.4% | $145M-3.3% | $147M-2.6% | $148M-2.0% | |
| Variable annuities | $1M0.0% | $1M-50.0% | $1M-50.0% | $2M— | $1M-50.0% | |
| Policyholder Account Balance, Surrender and Withdrawal by Product | ||||||
| Fixed annuities | $80M-16.7% | $91M-29.5% | $89M-24.6% | $97M-26.5% | $96M-41.5% | |
| Life insurance | $30M+20.0% | $25M-19.4% | $26M-33.3% | $76M-13.6% | $25M-32.4% | |
| Variable annuities | $10M-28.6% | $9M-35.7% | $14M+27.3% | $7M-53.3% | $14M-17.6% | |
| Premiums received by Product | ||||||
| Fixed annuities | $4M+33.3% | $3M-40.0% | $5M0.0% | $5M-28.6% | $3M-40.0% | |
| Life insurance | $107M-7.0% | $107M-2.7% | $109M-9.9% | $116M-3.3% | $115M-3.4% | |
| Variable annuities | $4M+33.3% | $4M+33.3% | $3M-25.0% | $3M0.0% | $3M-25.0% | |
| Weighted-average crediting rate by Product | ||||||
| Fixed annuities | 3%0.0pp | 3%0.0pp | 3%0.0pp | 3%+0.1pp | 3%+0.1pp | |
| Life insurance | 3.9%0.0pp | 3.9%0.0pp | 3.9%0.0pp | 3.9%0.0pp | 3.9%0.0pp | |
| Variable annuities | 3.3%0.0pp | 3.3%0.0pp | 3.3%0.0pp | 3.3%0.0pp | 3.3%0.0pp | |
| Liability For Future Policy Benefit Expected Future Gross Premium Discounted Before Reinsurance by Product | ||||||
| Fixed Annuity | $0— | $0— | $0— | $0— | $0— | |
| Life Insurance | $5.05B-8.2% | $5.24B-5.6% | $5.37B-9.9% | $5.38B-7.0% | $5.5B-8.5% | |
| Long Term Care Insurance | $22.25B-8.6% | $22.94B-6.1% | $23.88B-5.3% | $24.04B-1.9% | $24.33B-4.0% | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Derecognition by Product | ||||||
| Fixed Annuity | $0— | $0— | $0— | $0— | $0— | |
| Life Insurance | $0— | $0— | $0— | $0— | $0— | |
| Long Term Care Insurance | $0— | $0— | $0— | $0— | $0— | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Increase Decrease For Other Change by Product | ||||||
| Fixed Annuity | $2M-60.0% | -$1M— | —— | —— | $5M-44.4% | |
| Life Insurance | $0— | -$2M0.0% | $1M0.0% | $0— | $0— | |
| Long Term Care Insurance | $0— | $0+100% | $0— | $0+100% | $0-100% | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense by Product | ||||||
| Fixed Annuity | $151M-3.2% | $152M-3.8% | $154M-3.1% | $155M-3.1% | $156M-3.7% | |
| Life Insurance | $55M-11.3% | $57M-10.9% | $60M-7.7% | $60M-10.4% | $62M-11.4% | |
| Long Term Care Insurance | $818M-0.5% | $819M+0.1% | $819M+0.2% | $820M+0.2% | $822M-0.1% | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Issuance by Product | ||||||
| Fixed Annuity | $9M-10.0% | $8M-11.1% | $7M-30.0% | $9M+12.5% | $10M+25.0% | |
| Life Insurance | $0— | $0— | $0— | $0— | $0— | |
| Long Term Care Insurance | $0— | $1M— | $0-100% | $0— | $0— | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance by Product | ||||||
| Fixed Annuity | $21.52B-5.1% | $21.79B-5.0% | $22.24B-3.9% | $22.46B-4.0% | $22.68B-4.1% | |
| Life Insurance | $5.61B-14.9% | $6.04B-10.7% | $6.18B-10.5% | $6.41B-9.9% | $6.6B-10.0% | |
| Long Term Care Insurance | $115.5B-4.1% | $116.32B-4.1% | $118.86B-1.9% | $119.56B-2.0% | $120.48B-2.3% | |
| Liability For Future Policy Benefit Interest Expense by Product | ||||||
| Fixed Annuity | $151M-3.2% | $152M-3.8% | $154M-3.1% | $155M-3.1% | $156M-3.7% | |
| Life Insurance | $8M-33.3% | $10M-23.1% | $10M-16.7% | $10M-28.6% | $12M-20.0% | |
| Long Term Care Insurance | $611M+2.2% | $607M+2.4% | $602M+2.0% | $599M+1.7% | $598M+1.5% | |
| AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax by Product | ||||||
| Fixed annuities | -$1.03B-185% | -$1.24B-10.4% | -$1.38B-174% | $1.21B-2.9% | $1.21B-21.0% | |
| Life insurance | -$103M-177% | -$163M-69.8% | -$178M-164% | $147M+41.3% | $134M-19.8% | |
| Current discount rate by Product | ||||||
| Fixed annuities | 5.7%+0.2pp | 5.5%-0.1pp | 5.4%+0.4pp | 5.5%-0.1pp | 5.5%+0.2pp | |
| Life insurance | 5.1%-0.1pp | 5%-0.3pp | 4.9%+0.2pp | 5.1%-0.2pp | 5.2%+0.1pp | |
| Derecognition (lapses and withdrawals) by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $0— | $0— | $0— | $0— | $0— | |
| Effect of changes in discount rate assumptions by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $42M-50.0% | $103M+106% | $131M-49.0% | $87M+17.6% | $84M-45.5% | |
| Expected future benefit payments by Product | ||||||
| Fixed annuities | $10.13B-5.3% | $10.44B-2.4% | $10.71B-7.0% | $10.61B-3.3% | $10.7B-5.9% | |
| Life insurance | $4.2B-10.0% | $4.35B-8.2% | $4.45B-11.3% | $4.56B-8.4% | $4.67B-10.0% | |
| Expected future gross premiums by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $8.95B-7.8% | $9.13B-7.8% | $9.31B-7.7% | $9.48B-7.9% | $9.71B-7.4% | |
| Flooring adjustments by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $606M+9.4% | $612M+19.3% | $610M+9.9% | $571M+21.5% | $554M+17.4% | |
| Gross premiums by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $145M-6.5% | $142M-8.4% | $147M-7.0% | $153M-7.3% | $155M-8.3% | |
| Interest accretion by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $47M-6.0% | $47M-7.8% | $50M-5.7% | $50M-5.7% | $50M-9.1% | |
| Interest accretion (locked-in) rate by Product | ||||||
| Fixed annuities | 6.8%0.0pp | 6.8%0.0pp | 6.8%0.0pp | 6.8%0.0pp | 6.8%+0.1pp | |
| Life insurance | 5.7%-0.1pp | 5.7%-0.1pp | 5.8%0.0pp | 5.8%0.0pp | 5.8%0.0pp | |
| Less: reinsurance recoverable by Product | ||||||
| Fixed annuities | $7.84B-4.3% | $8.07B-1.3% | $8.26B-6.4% | $8.14B-2.7% | $8.19B-5.3% | |
| Life insurance | $678M-13.2% | $702M-2.5% | $754M-6.9% | $777M-5.0% | $781M-7.4% | |
| Liability for Future Policy Benefit, after Reinsurance by Product | ||||||
| Fixed annuities | $2.29B-8.7% | $2.36B-6.2% | $2.45B-8.9% | $2.47B-5.4% | $2.5B-7.6% | |
| Life insurance | $738M-3.9% | $765M-9.4% | $724M-8.8% | $759M-1.0% | $768M-4.6% | |
| Liability for Future Policy Benefit, before Reinsurance by Product | ||||||
| Fixed annuities | $10.13B-5.3% | $10.44B-2.4% | $10.71B-7.0% | $10.61B-3.3% | $10.7B-5.9% | |
| Life insurance | $1.42B-8.6% | $1.47B-6.2% | $1.48B-7.9% | $1.54B-3.1% | $1.55B-6.0% | |
| Liability for future policy benefit cumulative increase (decrease) of actual variance from expected experience by Product | ||||||
| Fixed annuities | -$28M-21.7% | -$50M— | —— | —— | -$23M+34.3% | |
| Life insurance | $20M+17.6% | $10M+66.7% | $0-100% | $6M+100% | $17M+88.9% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment by Product | ||||||
| Fixed annuities | $232M-1.3% | $249M-2.4% | $234M-4.1% | $245M-2.0% | $235M-2.1% | |
| Life insurance | $173M-9.9% | $139M-4.8% | $192M+9.1% | $160M-22.0% | $192M-5.9% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance by Product | ||||||
| Fixed annuities | $9.1B-4.1% | $9.19B-3.9% | $9.33B-3.4% | $9.4B-3.4% | $9.48B-3.5% | |
| Life insurance | $4.1B-9.6% | $4.19B-9.8% | $4.27B-9.9% | $4.41B-9.5% | $4.53B-9.7% | |
| Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $3.39B-7.7% | $3.5B-5.2% | $3.58B-9.7% | $3.59B-7.0% | $3.67B-8.5% | |
| Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected by Product | ||||||
| Fixed annuities | $9M-18.2% | $10M0.0% | $8M-33.3% | $9M-10.0% | $11M+10.0% | |
| Life insurance | $99M-3.9% | $95M-7.8% | $99M-8.3% | $104M-6.3% | $103M-10.4% | |
| Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Cash Flow and Reinsurance by Product | ||||||
| Fixed annuities | $0— | $0— | $0— | $0— | $0— | |
| Life insurance | $3.35B-6.7% | $3.4B-6.7% | $3.45B-7.0% | $3.5B-7.5% | $3.59B-7.0% | |
| Long Duration Term Insurance Contracts Liability For Future Policy Benefits by Product | ||||||
| Fixed annuities | $10.13B-5.3% | $10.44B-2.4% | $10.71B-7.0% | $10.61B-3.3% | $10.7B-5.9% | |
| Life insurance | $810M-18.6% | $855M-18.6% | $868M-17.3% | $965M-13.5% | $995M-15.4% | |
| Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk by Product | ||||||
| Fixed annuities | $53M-5.4% | $52M+8.3% | $55M+5.8% | $53M+23.3% | $56M+19.1% | |
| Variable annuities | $315M-23.7% | $297M-17.5% | $312M-27.1% | $342M-15.1% | $413M-3.7% | |
| Market risk benefit liabilities by Product | ||||||
| Fixed annuities | $53M-5.4% | $52M+8.3% | $55M+5.8% | $53M+23.3% | $56M+19.1% | |
| Variable annuities | $370M-19.6% | $361M-13.4% | $374M-22.1% | $400M-12.5% | $460M-4.4% | |
| Net market risk benefit, measurement input by Product | ||||||
| Fixed annuities | $1— | $1— | —— | —— | —— | |
| Variable annuities | $0.9— | $0.9— | —— | —— | —— | |
| Policyholder Account Balance Increase Decrease From Other Change by Product | ||||||
| Fixed Annuity | $8M+14.3% | $10M0.0% | $7M-30.0% | $6M-40.0% | $7M-36.4% | |
| Life Insurance | $2M-85.7% | -$25M-13.6% | $3M— | -$1M— | $14M+800% | |
| Policyholder Account Balance Issuance by Product | ||||||
| Fixed Annuity | $0— | $0— | $0— | $0— | $0— | |
| Life Insurance | $0— | $0— | $0— | $0— | $0— | |
| Commercial mortgage loans by Geography | ||||||
| East North Central | $443M— | $424M-1.6% | $430M— | —— | —— | |
| East South Central | $200M— | $202M+6.3% | $194M— | —— | —— | |
| Middle Atlantic | $843M— | $845M-3.0% | $845M— | —— | —— | |
| Mountain | $1.01B— | $997M+2.7% | $986M— | —— | —— | |
| New England | $148M— | $152M-10.1% | $157M— | —— | —— | |
| Pacific | $1.14B— | $1.17B+0.9% | $1.17B— | —— | —— | |
| South Atlantic | $1.74B— | $1.73B-1.0% | $1.73B— | —— | —— | |
| West North Central | $332M— | $339M-8.9% | $342M— | —— | —— | |
| West South Central | $496M— | $504M-6.5% | $522M— | —— | —— | |
| % of total by Geography | ||||||
| East North Central | 7%0.0pp | 7%0.0pp | 7%0.0pp | 6%-1.0pp | 7%+1.0pp | |
| East South Central | 3%0.0pp | 3%0.0pp | 3%0.0pp | 3%0.0pp | 3%0.0pp | |
| Middle Atlantic | 13%0.0pp | 13%0.0pp | 13%0.0pp | 14%+1.0pp | 13%-1.0pp | |
| Mountain | 16%0.0pp | 16%+1.0pp | 16%+1.0pp | 16%+1.0pp | 16%+1.0pp | |
| New England | 2%-1.0pp | 2%-1.0pp | 2%-1.0pp | 2%-1.0pp | 3%0.0pp | |
| Pacific | 18%0.0pp | 19%+1.0pp | 19%+1.0pp | 18%0.0pp | 18%0.0pp | |
| South Atlantic | 28%+1.0pp | 27%0.0pp | 27%0.0pp | 28%+1.0pp | 27%0.0pp | |
| West North Central | 5%0.0pp | 5%-1.0pp | 5%-1.0pp | 5%-1.0pp | 5%-1.0pp | |
| West South Central | 8%0.0pp | 8%0.0pp | 8%0.0pp | 8%0.0pp | 8%0.0pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Genworth Financial break its business down?
- Genworth Financial (GNW) reports insurance services revenue by business across 2 parts — Closed Block and Enact segment. Each is extracted from the segment footnotes and tracked over time.
- Where does Genworth Financial's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Genworth Financial's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.