v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
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 June 30:
20262025
(Amounts in millions)EnactClosed BlockEnactClosed Block
Revenues:
Premiums$245 $627 $245 $617 
Net investment income73 758 66 732 
Policy fees and other income1 150 1 156 
319 1,535 312 1,505 
Less:
Benefits and other changes in policy reserves (1)
33 1,202 25 1,171 
Cash flow assumption updates (1)
— 5 — 8 
Actual variances from expected experience (1)
— 127 — 52 
Amortization of deferred acquisition costs and intangibles (1)
2 49 3 53 
Interest expense (2)
13 — 12 — 
Other segment expenses (2), (3)
49 286 51 269 
Provision (benefit) for income taxes (2)
45 (24)47 (4)
Adjusted operating income (loss) attributable to noncontrolling interests34 — 33 — 
Reportable segment adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders$143 $(110)$141 $(44)
______________
(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 adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders for our reportable segments for the six months ended June 30:
20262025
(Amounts in millions)EnactClosed BlockEnactClosed Block
Revenues:
Premiums$488 $1,263 $490 $1,232 
Net investment income145 1,449 129 1,403 
Policy fees and other income4 300 3 312 
637 3,012 622 2,947 
Less:
Benefits and other changes in policy reserves (1)
70 2,391 56 2,359 
Cash flow assumption updates (1)
— 13 — 7 
Actual variances from expected experience (1)
— 163 — 57 
Amortization of deferred acquisition costs and intangibles (1)
4 100 5 110 
Interest expense (2)
25 — 24 — 
Other segment expenses (2), (3)
96 514 100 534 
Provision (benefit) for income taxes (2)
92 (27)94 (13)
Adjusted operating income (loss) attributable to noncontrolling interests67 — 65 — 
Reportable segment adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders$283 $(142)$278 $(107)
______________
(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)June 30,
2026		December 31,
2025
Enact$6,961 $6,895 
Closed Block$79,062 $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 periods indicated:
Three months ended
June 30,		Six months ended
June 30,
(Amounts in millions)2026202520262025
Total reportable segment adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders$33 $97 $141 $171 
Corporate and Other income (loss) from continuing operations(36)(52)(63)(74)
Net investment gains (losses) available to Genworth Financial, Inc.’s common stockholders44 1 12 29 
Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges23 15 14 (4)
Expenses related to restructuring(2)1 (2)— 
Taxes on adjustments(13)(4)(5)(5)
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders49 58 97 117 
Income (loss) from discontinued operations, net of taxes(2)(7)(3)(12)
Net income (loss) available to Genworth Financial, Inc.’s common stockholders$47 $51 $94 $105