Below are the financial statements of Genworth Financial, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 |
---|---|---|
Investments | — | — |
Fixed maturity securities available-for-sale, at fair value | 44,902a | 46,781a |
Equity securities, at fair value | 515a | 396a |
Commercial mortgage loans | 6,450a | 6,829a |
Less: Allowance for credit losses | -39a | -27a |
Commercial mortgage loans, net | 6,411a | 6,802a |
Policy loans | 2,310a | 2,220a |
Limited partnerships | 3,142a | 2,821a |
Other invested assets | 648a | 731a |
Total investments | 57,928a | 59,751a |
Assets | — | — |
Cash, cash equivalents and restricted cash | 2,048a | 2,215a |
Accrued investment income | 607a | 647a |
Deferred acquisition costs | 1,779a | 1,988a |
Intangible assets | 197a | 198a |
Reinsurance recoverable | 17,679a | 19,054a |
Less: Allowance for credit losses | -24a | -29a |
Reinsurance recoverable, net | 17,655a | 19,025a |
Other assets | 444a | 489a |
Deferred tax asset | 1,718a | 1,952a |
Market risk benefit assets | 57a | 43a |
Separate account assets | 4,438a | 4,509a |
Total assets | 86,871a | 90,817a |
Liabilities | — | — |
Future policy benefits | 53,610a | 57,655a |
Policyholder account balances | 14,594a | 15,540a |
Market risk benefit liabilities | 465a | 625a |
Liability for policy and contract claims | 670a | 652a |
Unearned premiums | 115a | 149a |
Other liabilities | 2,026a | 1,768a |
Long-term borrowings | 1,518a | 1,584a |
Separate account liabilities | 4,438a | 4,509a |
Liabilities related to discontinued operations | 4a | 0a |
Total liabilities | 77,440a | 82,482a |
Equity | — | — |
Common stock | 1a | 1a |
Additional paid-in capital | 11,875a | 11,884a |
Accumulated other comprehensive income (loss) | -1,642a | -2,555a |
Retained earnings | 1,511a | 1,213a |
Treasury stock, at cost | -3,251a | -3,063a |
Total Genworth Financial, Inc.’s stockholders’ equity | 8,494a | 7,480a |
Noncontrolling interests | 937a | 855a |
Total equity | 9,431a | 8,335a |
Total liabilities and equity | 86,871a | 90,817a |
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