v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $49,855 and $50,834, respectively, and allowance for credit losses of $6 and $—, respectively, as of September 30, 2023 and December 31, 2022) $ 43,968 $ 46,583
Equity securities, at fair value 363 319
Commercial mortgage loans (net of unamortized balance of loan origination fees and costs of $4 as of September 30, 2023 and December 31, 2022) 6,818 7,032
Less: Allowance for credit losses (25) (22)
Commercial mortgage loans, net 6,793 7,010
Policy loans 2,233 2,139
Limited partnerships 2,699 2,331
Other invested assets 645 566
Total investments 56,701 58,948
Cash, cash equivalents and restricted cash 1,993 1,799
Accrued investment income 620 643
Deferred acquisition costs 2,042 2,211
Intangible assets 199 203
Reinsurance recoverable 17,623 19,059
Less: Allowance for credit losses (28) (63)
Reinsurance recoverable, net 17,595 18,996
Other assets 453 488
Deferred tax asset 1,580 1,983
Market risk benefit assets 39 26
Separate account assets 4,244 4,417
Total assets 85,466 89,714
Liabilities and equity    
Future policy benefits 51,740 55,407
Policyholder account balances 15,590 16,564
Market risk benefit liabilities 579 748
Liability for policy and contract claims 631 683
Unearned premiums 162 203
Other liabilities 2,038 1,687
Long-term borrowings 1,602 1,611
Separate account liabilities 4,244 4,417
Liabilities related to discontinued operations 2 8
Total liabilities 76,588 81,328
Commitments and contingencies (Note 19)
Equity:    
Class A common stock, $0.001 par value; 1,500,000,000 shares authorized; 603,151,611 and 600,036,269 shares issued as of September 30, 2023 and December 31, 2022, respectively; 452,722,552 and 495,446,960 shares outstanding as of September 30, 2023 and December 31, 2022, respectively 1 1
Additional paid-in capital 11,877 11,869
Accumulated other comprehensive income (loss) (2,220) (2,614)
Retained earnings 1,426 1,139
Treasury stock, at cost (150,429,059 and 104,589,309 shares as of September 30, 2023 and December 31, 2022, respectively) (3,028) (2,764)
Total Genworth Financial, Inc.'s stockholders' equity 8,056 7,631
Noncontrolling interests 822 755
Total equity 8,878 8,386
Total liabilities and equity $ 85,466 $ 89,714

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