v3.25.4
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Investments:    
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
Commercial mortgage loans 6,363 6,450
Less: Allowance for credit losses (59) (39)
Commercial mortgage loans, net 6,304 6,411
Policy loans 2,297 2,310
Limited partnerships 3,484 3,142
Other invested assets 770 648
Total investments 59,172 57,928
Cash, cash equivalents and restricted cash 2,036 2,048
Accrued investment income 603 607
Deferred acquisition costs 1,586 1,779
Intangible assets and goodwill 198 197
Reinsurance recoverable 17,860 17,616
Less: Allowance for credit losses (23) (24)
Reinsurance recoverable, net 17,837 17,592
Other assets 418 444
Deferred tax asset 1,800 1,731
Market risk benefit assets 64 57
Separate account assets 4,369 4,438
Total assets 88,083 86,821
Liabilities:    
Future policy benefits 55,228 53,610
Policyholder account balances 13,843 14,594
Market risk benefit liabilities 413 465
Liability for policy and contract claims 727 670
Unearned premiums 92 115
Other liabilities 2,131 2,026
Long-term borrowings 1,513 1,518
Separate account liabilities 4,369 4,438
Liabilities related to discontinued operations 0 4
Total liabilities 78,316 77,440
Commitments and contingencies (Note 22)
Equity:    
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
Additional paid-in capital 11,888 11,875
Accumulated other comprehensive income (loss) (1,324) (1,643)
Retained earnings 1,684 1,462
Treasury stock, at cost (215,556,701 and 184,894,695 shares, respectively) (3,499) (3,251)
Total Genworth Financial, Inc.’s stockholders’ equity 8,750 8,444
Noncontrolling interests 1,017 937
Total equity 9,767 9,381
Total liabilities and equity $ 88,083 $ 86,821

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