v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments:    
Fixed maturity securities available-for-sale, at fair value $ 45,264 $ 45,762
Equity securities, at fair value 564 555
Commercial mortgage loans 6,408 6,363
Less: Allowance for credit losses (57) (59)
Commercial mortgage loans, net 6,351 6,304
Policy loans 2,385 2,297
Limited partnerships 3,538 3,484
Other invested assets 871 770
Total investments 58,973 59,172
Cash, cash equivalents and restricted cash 1,986 2,036
Accrued investment income 555 603
Deferred acquisition costs 1,497 1,586
Intangible assets and goodwill 201 198
Reinsurance recoverable 17,412 17,860
Less: Allowance for credit losses (21) (23)
Reinsurance recoverable, net 17,391 17,837
Other assets 474 418
Deferred tax asset 1,811 1,800
Market risk benefit assets 79 64
Separate account assets 4,396 4,369
Total assets 87,363 88,083
Liabilities:    
Future policy benefits 54,508 55,228
Policyholder account balances 13,895 13,843
Market risk benefit liabilities 366 413
Liability for policy and contract claims 757 727
Unearned premiums 81 92
Other liabilities 2,095 2,131
Long-term borrowings 1,500 1,513
Separate account liabilities 4,396 4,369
Total liabilities 77,598 78,316
Commitments and contingencies (Note 16)
Equity:    
Common stock 1 1
Additional paid-in capital 11,885 11,888
Accumulated other comprehensive income (loss) (1,307) (1,324)
Retained earnings 1,777 1,684
Treasury stock, at cost (3,628) (3,499)
Total Genworth Financial, Inc.’s stockholders’ equity 8,728 8,750
Noncontrolling interests 1,037 1,017
Total equity 9,765 9,767
Total liabilities and equity $ 87,363 $ 88,083