v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $48,837 and $48,720, respectively, and allowance for credit losses of $14 and $10, respectively) $ 45,668 $ 44,902
Equity securities, at fair value 496 515
Commercial mortgage loans 6,356 6,450
Less: Allowance for credit losses (36) (39)
Commercial mortgage loans, net 6,320 6,411
Policy loans 2,316 2,310
Limited partnerships 3,241 3,142
Other invested assets 653 648
Total investments 58,694 57,928
Cash, cash equivalents and restricted cash 1,891 2,048
Accrued investment income 639 607
Deferred acquisition costs 1,729 1,779
Intangible assets 193 197
Reinsurance recoverable 17,744 17,679
Less: Allowance for credit losses (25) (24)
Reinsurance recoverable, net 17,719 17,655
Other assets 489 444
Deferred tax asset 1,663 1,718
Market risk benefit assets 47 57
Separate account assets 4,192 4,438
Total assets 87,256 86,871
Liabilities and equity    
Future policy benefits 54,158 53,610
Policyholder account balances 14,447 14,594
Market risk benefit liabilities 516 465
Liability for policy and contract claims 698 670
Unearned premiums 108 115
Other liabilities 1,933 2,026
Long-term borrowings 1,519 1,518
Separate account liabilities 4,192 4,438
Liabilities related to discontinued operations 4 4
Total liabilities 77,575 77,440
Commitments and contingencies (Note 16)
Equity:    
Common stock, $0.001 par value; 1,500,000,000 shares authorized; 607,290,913 and 606,314,179 shares issued, respectively; 415,879,361 and 421,419,484 shares outstanding, respectively 1 1
Additional paid-in capital 11,862 11,875
Accumulated other comprehensive income (loss) (1,421) (1,642)
Retained earnings 1,565 1,511
Treasury stock, at cost (191,411,552 and 184,894,695 shares, respectively) (3,297) (3,251)
Total Genworth Financial, Inc.'s stockholders' equity 8,710 8,494
Noncontrolling interests 971 937
Total equity 9,681 9,431
Total liabilities and equity $ 87,256 $ 86,871

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