Segment Information (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Adjusted Operating Income (Loss) and Assets for Segments

The following table presents adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders for our reportable segments for the three months ended March 31:


	2026				2025
(Amounts in millions)	Enact		Closed Block		Enact		Closed Block
Revenues:
Premiums	$	243	$	636	$	245	$	615
Net investment income	72		691		63		671
Policy fees and other income	3		150		2		156
	318		1,477		310		1,442
Less:
Benefits and other changes in policy reserves (1)	37		1,189		31		1,188
Cash flow assumption updates (1)	—		8		—		(1)
Actual variances from expected experience (1)	—		36		—		5
Amortization of deferred acquisition costs and intangibles (1)	2		51		2		57
Interest expense (2)	12		—		12		—
Other segment expenses (2), (3)	47		228		49		265
Provision (benefit) for income taxes (2)	47		(3)		47		(9)
Adjusted operating income (loss) attributable to noncontrolling interests	33		—		32		—
Reportable segment adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders	$	140	$	(32)	$	137	$	(63)

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(1)Significant expense category and amounts, which align with segment-level information, as applicable, that is regularly provided to the CODM.

(2)Other segment items not considered a significant expense category.

(3)Other segment expenses include interest credited; acquisition and operating expenses, net of deferrals, as reported in the condensed consolidated statements of operations, excluding gains (losses) on the early extinguishment of debt and expenses related to restructuring, as applicable; and changes in fair value of market risk benefits and associated hedges, as reported in the condensed consolidated statements of operations, excluding the impacts of interest rates, equity markets and associated hedges.

The following table presents total assets for our reportable segments as of the dates indicated:


(Amounts in millions)	March 31, 2026		December 31, 2025
Enact	$	6,967	$	6,895
Closed Block	$	78,472	$	79,615

Schedule of Reconciliation of Adjusted Operating Income (Loss) for Segments to Consolidated

The following table presents the reconciliation of total reportable segment adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders to net income (loss) available to Genworth Financial, Inc.’s common stockholders for the three months ended March 31:



(Amounts in millions)	2026		2025
Total reportable segment adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders	$	108	$	74
Corporate and Other income (loss) from continuing operations	(27)		(22)

Net investment gains (losses) available to Genworth Financial, Inc.’s common stockholders ⁽¹⁾	(32)		28
Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges	(9)		(19)

Expenses related to restructuring ⁽¹⁾	—		(1)
Taxes on adjustments ⁽¹⁾	8		(1)
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders	48		59
Income (loss) from discontinued operations, net of taxes	(1)		(5)
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	$	47	$	54

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(1)Excludes amounts related to Corporate and Other.