Genworth Financial GNW Business Segments
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Insurance Services Revenue by Business | |||||
| Closed Block | $3.12B-0.2% | $3.13B-5.7% | $3.32B— | —— | |
| Enact segment | $985M+0.1% | $984M+2.6% | $959M— | —— | |
| Premium Revenue by Business | |||||
| Closed Block | $2.51B+0.8% | $2.49B-6.8% | $2.67B— | —— | |
| Enact segment | $980M0.0% | $980M+2.4% | $957M— | —— | |
| Revenue by Business | |||||
| Enact | $1.25B+2.2% | $1.22B+4.9% | $1.17B+6.4% | $1.1B-1.9% | |
| Adjusted operating income (loss) attributable to noncontrolling interests by Business | |||||
| Enact | $129M-2.3% | $132M+5.6% | $125M— | —— | |
| Operating Income (Loss) by Business | |||||
| Enact | $558M-4.6% | $585M+6.0% | $552M-4.5% | $578M+11.2% | |
| Combined statutory net income (loss) by Business | |||||
| Captive life reinsurance subsidiaries | $139M+7.8% | $129M+37.2% | $94M-62.8% | $253M+119% | |
| Life insurance subsidiaries, excluding captive life reinsurance subsidiaries | -$24M-116% | $150M-22.3% | $193M-30.1% | $276M-57.8% | |
| Mortgage insurance subsidiaries | $614M-1.9% | $626M-5.9% | $665M-11.0% | $747M+26.0% | |
| Net investment income by Business | |||||
| Enact | $266M+10.8% | $240M+15.4% | $208M+34.2% | $155M+9.9% | |
| Policy fees and other income by Business | |||||
| Enact | $5M+25.0% | $4M+100% | $2M0.0% | $2M-50.0% | |
| Provision (benefit) for income taxes by Business | |||||
| Enact | $188M-5.1% | $198M+5.3% | $188M— | —— | |
| Total Assets by Business | |||||
| Enact | $27.28B+5.8% | $25.78B+7.6% | $23.96B+4.2% | $22.99B— | |
| Actual variances from expected experience by Business | |||||
| Enact | $0— | $0— | $0— | $0— | |
| Benefits and other changes in policy reserves by Business | |||||
| Enact | $110M+182% | $39M+44.4% | $27M— | —— | |
| Cash flow assumption updates by Business | |||||
| Enact | $0— | $0— | $0— | $0— | |
| Interest Credited and Benefits and Other Changes in Policy Reserves and Liability Remeasurement (Gains) Losses by Business | |||||
| Closed Block | $5.42B+1.4% | $5.34B-8.8% | $5.86B— | —— | |
| Enact segment | $110M+182% | $39M+44.4% | $27M— | —— | |
| Interest Expense by Business | |||||
| Enact | $50M-2.0% | $51M-1.9% | $52M0.0% | $52M+2.0% | |
| Liability for policy and contract claims by Business | |||||
| Enact | $2.24B+7.9% | $2.08B+3.2% | $2.01B— | —— | |
| Other Operating Expenses by Business | |||||
| Closed Block | $714M+4.2% | $685M-1.3% | $694M— | —— | |
| Enact segment | $260M-6.5% | $278M+3.7% | $268M— | —— | |
| Other segment expenses by Business | |||||
| Enact | $207M-1.0% | $209M-1.4% | $212M— | —— | |
| Premiums by Business | |||||
| Enact | $980M0.0% | $980M+2.4% | $957M— | —— | |
| Premiums Written by Business | |||||
| Closed Block | $2.51B+0.8% | $2.49B-6.8% | $2.67B— | —— | |
| Enact segment | $957M+1.3% | $945M+4.5% | $904M— | —— | |
| Market risk benefit assets by Product | |||||
| Fixed annuities | $0— | $0— | $0— | —— | |
| Variable annuities | $231M+7.4% | $215M+46.3% | $147M— | —— | |
| Policyholder account balance by Product | |||||
| Fixed annuities | $13.85B-14.2% | $16.13B-16.3% | $19.28B— | —— | |
| Life insurance | $28.35B-3.2% | $29.3B-2.9% | $30.18B— | —— | |
| Variable annuities | $1.75B-10.3% | $1.95B-12.7% | $2.23B— | —— | |
| Cash surrender value by Product | |||||
| Fixed annuities | $10.57B-15.3% | $12.48B-18.4% | $15.3B— | —— | |
| Life insurance | $16.29B-3.7% | $16.91B-2.5% | $17.36B— | —— | |
| Variable annuities | $1.75B-10.3% | $1.95B-12.7% | $2.23B— | —— | |
| Interest credited by Product | |||||
| Fixed annuities | $125M-12.6% | $143M-10.6% | $160M-7.5% | $173M-13.1% | |
| Life insurance | $297M-15.1% | $350M-9.8% | $388M+1.8% | $381M+4.4% | |
| Variable annuities | $4M0.0% | $4M0.0% | $4M0.0% | $4M-20.0% | |
| Issuances by Product | |||||
| Fixed annuities | $38M-9.5% | $42M0.0% | $42M-16.0% | $50M+6.4% | |
| Life insurance | $0— | $0— | $0— | $0— | |
| Variable annuities | $0— | $0— | $0— | $0— | |
| Net amount at risk by Product | |||||
| Fixed annuities | $121M+17.5% | $103M+7.3% | $96M— | —— | |
| Life insurance | $161.53B-3.8% | $167.89B-3.1% | $173.24B— | —— | |
| Variable annuities | $1.52B-5.4% | $1.61B-26.1% | $2.18B— | —— | |
| Net transfers from (to) separate accounts by Product | |||||
| Variable annuities | $2M+100% | $1M— | —— | $11M+120% | |
| Other by Product | |||||
| Fixed annuities | $0— | $0— | $0— | $0— | |
| Life insurance | $1M— | —— | $0— | $0— | |
| Variable annuities | $43M+16.2% | $37M-28.8% | $52M+10.6% | $47M+23.7% | |
| Policyholder Account Balance, Benefit Payment by Product | |||||
| Fixed annuities | $304M-12.4% | $347M-10.3% | $387M-18.5% | $475M-6.5% | |
| Life insurance | $243M+7.0% | $227M+5.6% | $215M+2.4% | $210M-9.9% | |
| Variable annuities | $60M+9.1% | $55M— | —— | $69M+19.0% | |
| Policyholder Account Balance, Policy Charge by Product | |||||
| Fixed annuities | $5M-16.7% | $6M0.0% | $6M0.0% | $6M-14.3% | |
| Life insurance | $582M-2.8% | $599M-2.4% | $614M-2.8% | $632M-1.9% | |
| Variable annuities | $5M-16.7% | $6M— | —— | $8M0.0% | |
| Policyholder Account Balance, Surrender and Withdrawal by Product | |||||
| Fixed annuities | $373M-31.3% | $543M-35.5% | $842M-7.3% | $908M-21.2% | |
| Life insurance | $152M-22.1% | $195M-28.3% | $272M+53.7% | $177M-40.6% | |
| Variable annuities | $44M-22.8% | $57M— | —— | $48M+11.6% | |
| Premiums received by Product | |||||
| Fixed annuities | $16M-27.3% | $22M+10.0% | $20M-13.0% | $23M-36.1% | |
| Life insurance | $447M-4.9% | $470M-6.0% | $500M-3.5% | $518M-7.2% | |
| Variable annuities | $13M-7.1% | $14M— | —— | $21M-12.5% | |
| Weighted-average crediting rate by Product | |||||
| Fixed annuities | 12%+0.2pp | 11.8%+1.1pp | 10.7%— | —— | |
| Life insurance | 15.6%0.0pp | 15.6%0.0pp | 15.6%— | —— | |
| Variable annuities | 13.2%0.0pp | 13.2%0.0pp | 13.2%— | —— | |
| Liability For Future Policy Benefit Expected Future Gross Premium Discounted Before Reinsurance by Product | |||||
| Fixed Annuity | $0— | $0— | $0— | —— | |
| Life Insurance | $21.48B-7.8% | $23.3B-7.9% | $25.31B— | —— | |
| Long Term Care Insurance | $95.19B-4.3% | $99.51B-8.3% | $108.54B— | —— | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Derecognition by Product | |||||
| Fixed Annuity | $0— | $0— | $0— | $0— | |
| Life Insurance | $0— | $0— | $0— | $0— | |
| Long Term Care Insurance | $0— | $0— | $0— | $0— | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Increase Decrease For Other Change by Product | |||||
| Life Insurance | -$1M0.0% | -$1M— | —— | $1M0.0% | |
| Long Term Care Insurance | $0+100% | -$2M-100% | -$1M— | $0+100% | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Interest Expense by Product | |||||
| Fixed Annuity | $617M-3.4% | $639M-3.6% | $663M-3.9% | $690M-5.2% | |
| Life Insurance | $239M-10.2% | $266M-5.3% | $281M-7.6% | $304M-5.6% | |
| Long Term Care Insurance | $3.28B+0.1% | $3.28B-1.5% | $3.33B-1.1% | $3.36B+1.7% | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Issuance by Product | |||||
| Fixed Annuity | $34M-2.9% | $35M0.0% | $35M-18.6% | $43M-6.5% | |
| Life Insurance | $0— | $0— | $0— | $0— | |
| Long Term Care Insurance | $1M0.0% | $1M— | —— | $10M-56.5% | |
| Liability For Future Policy Benefit Expected Future Policy Benefit Undiscounted Before Reinsurance by Product | |||||
| Fixed Annuity | $89.17B-4.2% | $93.11B-4.2% | $97.19B— | —— | |
| Life Insurance | $25.23B-10.2% | $28.1B-6.8% | $30.14B— | —— | |
| Long Term Care Insurance | $475.23B-2.6% | $487.85B-4.1% | $508.91B— | —— | |
| Liability For Future Policy Benefit Interest Expense by Product | |||||
| Fixed Annuity | $617M-3.4% | $639M-3.6% | $663M-3.9% | $690M-5.2% | |
| Life Insurance | $42M-22.2% | $54M-15.6% | $64M-17.9% | $78M-22.8% | |
| Long Term Care Insurance | $2.41B+1.9% | $2.36B+1.2% | $2.33B+1.3% | $2.3B+2.1% | |
| AOCI, Liability for Future Policy Benefit, Expected Future Policy Benefit, before Tax by Product | |||||
| Fixed annuities | -$203M-106% | $3.51B-46.7% | $6.59B— | —— | |
| Life insurance | -$60M-113% | $451M-40.0% | $752M— | —— | |
| Current discount rate by Product | |||||
| Fixed annuities | 21.9%+0.4pp | 21.5%+0.4pp | 21.1%— | —— | |
| Life insurance | 20.2%-0.2pp | 20.4%-0.1pp | 20.5%— | —— | |
| Derecognition (lapses and withdrawals) by Product | |||||
| Fixed annuities | $0— | $0— | $0— | $0— | |
| Life insurance | $0— | $0— | $0— | $0— | |
| Effect of changes in discount rate assumptions by Product | |||||
| Fixed annuities | $0— | $0— | $0— | —— | |
| Life insurance | $405M-24.3% | $535M-23.5% | $699M— | —— | |
| Expected future benefit payments by Product | |||||
| Fixed annuities | $42.45B-4.7% | $44.54B-5.1% | $46.92B— | —— | |
| Life insurance | $18.03B-9.5% | $19.92B-6.3% | $21.25B— | —— | |
| Expected future gross premiums by Product | |||||
| Fixed annuities | $0— | $0— | $0— | —— | |
| Life insurance | $37.62B-7.7% | $40.77B-7.8% | $44.22B— | —— | |
| Flooring adjustments by Product | |||||
| Fixed annuities | $0— | $0— | $0— | —— | |
| Life insurance | $2.35B+16.8% | $2.01B+17.7% | $1.71B— | —— | |
| Gross premiums by Product | |||||
| Fixed annuities | $0— | $0— | $0— | $0— | |
| Life insurance | $597M-7.7% | $647M-6.0% | $688M-5.1% | $725M-4.5% | |
| Interest accretion by Product | |||||
| Fixed annuities | $0— | $0— | $0— | $0— | |
| Life insurance | $197M-7.1% | $212M-2.3% | $217M-4.0% | $226M+2.3% | |
| Interest accretion (locked-in) rate by Product | |||||
| Fixed annuities | 27.2%+0.1pp | 27.1%+0.3pp | 26.8%— | —— | |
| Life insurance | 23.1%-0.1pp | 23.2%0.0pp | 23.2%— | —— | |
| Less: reinsurance recoverable by Product | |||||
| Fixed annuities | $32.66B-4.0% | $34.01B-4.3% | $35.53B— | —— | |
| Life insurance | $3.01B-5.5% | $3.19B-2.1% | $3.26B— | —— | |
| Liability for Future Policy Benefit, after Reinsurance by Product | |||||
| Fixed annuities | $9.79B-7.0% | $10.53B-7.6% | $11.39B— | —— | |
| Life insurance | $3.02B-6.0% | $3.21B-8.8% | $3.52B— | —— | |
| Liability for Future Policy Benefit, before Reinsurance by Product | |||||
| Fixed annuities | $42.45B-4.7% | $44.54B-5.1% | $46.92B— | —— | |
| Life insurance | $6.03B-5.8% | $6.4B-5.6% | $6.78B— | —— | |
| Liability for future policy benefit cumulative increase (decrease) of actual variance from expected experience by Product | |||||
| Life insurance | $33M+73.7% | $19M-17.4% | $23M-37.8% | $37M+48.0% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Benefit Payment by Product | |||||
| Fixed annuities | $963M-2.6% | $989M-2.7% | $1.02B-5.2% | $1.07B-4.2% | |
| Life insurance | $683M-6.6% | $731M-11.2% | $823M-3.3% | $851M-16.0% | |
| Liability for Future Policy Benefit, Expected Future Policy Benefit, Original Discount Rate, before Cash Flow and Reinsurance by Product | |||||
| Fixed annuities | $37.41B-3.5% | $38.78B-3.8% | $40.33B— | —— | |
| Life insurance | $17.4B-9.7% | $19.28B-6.0% | $20.5B— | —— | |
| Liability for Future Policy Benefit, Expected Net Premium, before Reinsurance, after Discount Rate Change by Product | |||||
| Fixed annuities | $0— | $0— | $0— | —— | |
| Life insurance | $14.34B-7.6% | $15.53B-4.0% | $16.18B— | —— | |
| Liability for Future Policy Benefit, Expected Net Premium, Net Premium Collected by Product | |||||
| Fixed annuities | $38M-9.5% | $42M0.0% | $42M-16.0% | $50M+6.4% | |
| Life insurance | $401M-8.2% | $437M-0.5% | $439M-4.4% | $459M+3.4% | |
| Liability for Future Policy Benefit, Expected Net Premium, Original Discount Rate, before Cash Flow and Reinsurance by Product | |||||
| Fixed annuities | $0— | $0— | $0— | —— | |
| Life insurance | $13.94B-7.0% | $15B-3.1% | $15.48B— | —— | |
| Long Duration Term Insurance Contracts Liability For Future Policy Benefits by Product | |||||
| Fixed annuities | $42.45B-4.7% | $44.54B-5.1% | $46.92B— | —— | |
| Life insurance | $3.68B-16.1% | $4.39B-13.4% | $5.07B— | —— | |
| Market Risk Benefit, after Increase (Decrease) from Instrument-Specific Credit Risk by Product | |||||
| Fixed annuities | $216M+13.7% | $190M-9.5% | $210M— | —— | |
| Variable annuities | $1.36B-15.8% | $1.62B-28.8% | $2.27B— | —— | |
| Market risk benefit liabilities by Product | |||||
| Fixed annuities | $216M+13.7% | $190M-9.5% | $210M— | —— | |
| Variable annuities | $1.6B-13.1% | $1.84B-24.2% | $2.42B— | —— | |
| Policyholder Account Balance Increase Decrease From Other Change by Product | |||||
| Fixed Annuity | $30M-26.8% | $41M-28.1% | $57M-24.0% | $75M-44.9% | |
| Life Insurance | -$9M— | —— | -$21M0.0% | -$21M-16.7% | |
| Policyholder Account Balance Issuance by Product | |||||
| Fixed Annuity | $0— | $0— | $0— | $0— | |
| Life Insurance | $0— | $0— | $0— | $0— | |
| % of total by Geography | |||||
| East North Central | 27%0.0pp | 27%+2.0pp | 25%-1.0pp | 26%0.0pp | |
| East South Central | 12%0.0pp | 12%0.0pp | 12%0.0pp | 12%0.0pp | |
| Middle Atlantic | 53%0.0pp | 53%-2.0pp | 55%-1.0pp | 56%-1.0pp | |
| Mountain | 64%+4.0pp | 60%0.0pp | 60%+4.0pp | 56%+6.0pp | |
| New England | 9%-3.0pp | 12%0.0pp | 12%0.0pp | 12%-2.0pp | |
| Pacific | 74%+2.0pp | 72%-4.0pp | 76%-2.0pp | 78%-5.0pp | |
| South Atlantic | 109%+1.0pp | 108%+4.0pp | 104%0.0pp | 104%+1.0pp | |
| West North Central | 20%-4.0pp | 24%0.0pp | 24%-1.0pp | 25%-3.0pp | |
| West South Central | 32%0.0pp | 32%0.0pp | 32%+1.0pp | 31%+4.0pp | |
| Number of location by Geography | |||||
| MEXICO | 1— | —— | —— | —— | |
| UNITED STATES | 8— | —— | —— | —— |
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.