GENWORTH FINANCIAL INC

Listed Company

GNWCIK 0001276520NYSELarge AcceleratedLife InsuranceDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.30B

Net Income

$223.00M

Total Assets

$88.08B

Equity

$8.75B

Shares Out

387.61M

Op. Cash Flow

$327.00M

+ 13F Filer

Business

GENWORTH FINANCIAL INC provides insurance products and services through its principal insurance subsidiaries, primarily focusing on private mortgage insurance, long-term care insurance, life insurance and annuities, and aging-care services. It offers mortgage guaranty insurance, pool insurance, contract underwriting, individual long-term care policies, life and fixed/variable annuity servicing, and fee-based aging-care services and insurance via CareScout. The company reports results through Enact, Long-Term Care Insurance, Life and Annuities and Corporate and Other segments. Its businesses operate principally across the United States, distributing products to mortgage lenders, investors, government-sponsored entities and directly to consumers through sales forces, digital channels and service networks.

Summary from filing dated 2025-02-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Premiums	3,499	3,480	3,636	3,680	3,406
Net investment income	3,125	3,160	3,183	3,146	3,370
Net investment gains (losses)	59	13	23	−2	322
Policy fees and other income	618	642	646	671	724
Total revenues	7,301	7,295	7,488	7,495	7,822
Benefits and other changes in policy reserves	4,821	4,766	4,783	4,303	4,575
Liability remeasurement (gains) losses	313	153	587	−290	242
Changes in fair value of market risk benefits and associated hedges	3	−13	−12	−104	−160
Interest credited	386	453	503	504	511
Acquisition and operating expenses, net of deferrals	1,009	977	942	1,285	998
Amortization of deferred acquisition costs and intangibles	231	249	264	326	384
Interest expense	105	115	118	106	160
Total benefits and expenses	6,868	6,700	7,185	6,130	6,710
Income (loss) from continuing operations before income taxes	433	595	303	1,365	1,112
Provision (benefit) for income taxes	84	158	104	319	248
Income (loss) from continuing operations	349	437	199	1,046	864
Income (loss) from discontinued operations, net of taxes	1	−10	0	0	27
Net income (loss)	350	427	199	1,046	891
Less: net income (loss) attributable to noncontrolling interests	127	128	123	130	—
Net income (loss) available to Genworth Financial, Inc.s common stockholders	223	299	76	916	850
Basic (in dollars per share)	0.54	0.71	0.16	1.82	1.64
Diluted (in dollars per share)	0.54	0.7	0.16	1.79	1.61
Basic (in dollars per share)	0.54	0.69	0.16	1.82	1.68
Diluted (in dollars per share)	0.54	0.68	0.16	1.79	1.65
Basic (in shares)	409	434	469	504	507
Diluted (in shares)	414	439	475	511	515

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Fixed maturity securities available-for-sale, at fair value (amortized cost of $48,150 and $48,720, respectively, and allowance for credit losses of $23 and $10, respectively)	45,762	44,902	—	—	—
Equity securities, at fair value	555	515	396	319	198
Commercial mortgage loans	6,363	6,450	—	—	—
Less: Allowance for credit losses	−59	−39	−27	−22	−26
Commercial mortgage loans, net	6,304	6,411	6,802	7,010	6,830
Policy loans	2,297	2,310	2,220	2,139	2,050
Limited partnerships	3,484	3,142	2,821	2,331	1,900
Other invested assets	770	648	731	566	820
Total investments	59,172	57,928	59,751	58,948	72,278
Cash, cash equivalents and restricted cash	2,036	2,048	2,215	1,799	1,571
Accrued investment income	603	607	647	643	647
Deferred acquisition costs	1,586	1,779	1,988	2,211	2,488
Intangible assets and goodwill	198	197	—	—	—
Reinsurance recoverable	17,860	17,616	19,054	19,059	16,868
Less: Allowance for credit losses	−23	−24	−29	−63	−58
Reinsurance recoverable, net	17,837	17,592	19,025	18,996	16,813
Other assets	418	444	489	488	388
Deferred tax asset	1,800	1,731	1,952	1,983	119
Market risk benefit assets	64	57	43	26	—
Separate account assets	4,369	4,438	4,509	4,417	6,066
Total assets	88,083	86,821	90,817	89,714	99,171
Future policy benefits	55,228	53,610	57,655	55,407	41,528
Policyholder account balances	13,843	14,594	15,540	16,564	19,354
Market risk benefit liabilities	413	465	625	748	—
Liability for policy and contract claims	727	670	652	683	819
Unearned premiums	92	115	149	203	672
Other liabilities	2,131	2,026	1,768	1,687	1,511
Long-term borrowings	1,513	1,518	1,584	1,611	1,899
Separate account liabilities	4,369	4,438	4,509	4,417	6,066
Liabilities related to discontinued operations	0	4	0	8	34
Total liabilities	78,316	77,440	82,482	81,328	82,905
Commitments and contingencies (Note 22)	—	—	—	—	—
Common stock, $0.001 par value; 1,500,000,000 shares authorized; 607,393,280 and 606,314,179 shares issued, respectively; 391,836,579 and 421,419,484 shares outstanding, respectively	1	1	1	1	1
Additional paid-in capital	11,888	11,875	11,884	11,869	11,858
Accumulated other comprehensive income (loss)	−1,324	−1,643	−2,555	−2,614	−5,855
Retained earnings	1,684	1,462	1,213	1,139	2,490
Treasury stock, at cost (215,556,701 and 184,894,695 shares, respectively)	−3,499	−3,251	−3,063	−2,764	−2,700
Total Genworth Financial, Inc.s stockholders equity	8,750	8,444	7,480	7,631	15,510
Noncontrolling interests	1,017	937	855	755	756
Total equity	9,767	9,381	8,285	8,336	4,285
Total liabilities and equity	88,083	86,821	90,817	89,714	99,171

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Less (income) loss from discontinued operations, net of taxes	−1	10	0	—	—
Amortization of fixed maturity securities discounts and premiums	−138	−119	−106	−154	−176
Charges assessed to policyholders	−540	−564	−572	−588	−616
Amortization of deferred acquisition costs and intangibles	231	249	264	326	384
Deferred income taxes	−55	−103	48	315	275
Derivative instruments, limited partnerships and other	−316	−461	−557	−335	−359
Long-term incentive compensation expense	58	51	49	37	40
Accrued investment income and other assets	−77	−112	−150	−155	−134
Insurance reserves	908	777	1,500	1,055	1,168
Current tax liabilities	−30	14	46	−1	−34
Other liabilities, policy and contract claims and other policy-related balances	5	−55	−86	−364	14
Cash from (used by) operating activitiesdiscontinued operations	−12	0	−3	−31	−491
Net cash from (used by) operating activities	327	88	597	1,049	437
Fixed maturity securities	2,926	2,524	2,426	2,705	4,162
Commercial mortgage loans	696	586	470	759	874
Limited partnerships and other invested assets	280	244	202	185	255
Fixed maturity and equity securities	2,093	2,640	2,233	2,658	2,273
Fixed maturity and equity securities	−4,296	−4,445	−3,217	−4,035	−5,216
Commercial mortgage loans	−617	−211	−273	−958	−963
Limited partnerships and other invested assets	−614	−518	−586	−645	−767
Short-term investments, net	−31	24	−12	23	18
Policy loans, net	108	73	73	41	57
Proceeds from sale of property	23	0	0	—	—
Other	−50	−56	−55	0	0
Net cash from (used by) investing activities	518	861	1,261	733	896
Deposits to universal life and investment contracts	505	534	566	606	669
Withdrawals from universal life and investment contracts	−991	−1,214	−1,637	−1,668	−2,071
Proceeds from issuance of long-term debt	0	750	0	0	0
Debt issuance costs	0	−7	0	0	—
Repayment and repurchase of long-term debt	−7	−824	−32	−297	−1,541
Repurchase of subsidiary shares	−72	−45	−16	0	0
Treasury stock acquired in connection with share repurchases	−247	−189	−296	−64	0
Dividends paid to noncontrolling interests	−23	−21	−39	−46	−37
Other, net	−22	−99	11	−85	32
Net cash from (used by) financing activities	−857	−1,115	−1,443	−1,554	−2,419
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	−1	1	0	1
Net change in cash, cash equivalents and restricted cash	−12	−167	416	228	−1,085

Filings

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Holdings (13F)

Portfolio as of 2026-01-14 · 2 positions

Reported AUM

$116.67M

Holdings

Top sector

$116.67M

Top sectors

Sector	Value	% of portfolio
Uncategorized	$116.67M	100.0%

Top holdings

Issuer	Ticker	Shares	Value	%
ISHARES CORE S&P 500 INDEX ETF	—	192.2K	$87.19M	74.7%
POWERSHARES S&P 500 LOW VOLATILITY	—	439.4K	$29.48M	25.3%