Genworth金融 2026年季度报告

GENWORTH FINANCIAL, INC. (Exact name of registrant as specified in its charter)___________________________ As of April30, 2026, 383,009,256 shares of Common Stock, par value $0.001 per share, were outstanding. TABLE OF CONTENTS PART I—FINANCIAL INFORMATION Item 1. Financial StatementsCondensed Consolidated Balance Sheets as of March 31, 2026 (Unaudited) and December 31, 2025Condensed Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025 (Unaudited)Condensed Consolidated Statements of Comprehensive Income (Loss) for the three months endedMarch 31, 2026 and 2025(Unaudited)Condensed Consolidated Statements of Changes in Equity for the three months ended March 31, 2026 and 2025(Unaudited)Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026 and 2025(Unaudited)Notes to Condensed Consolidated Financial Statements (Unaudited)Note 1 — Business and Basis of PresentationNote 2 — Accounting ChangesNote 3 — Earnings (Loss) Per ShareNote 4 — InvestmentsNote 5 — Derivative InstrumentsNote 6 — Fair Value of Financial InstrumentsNote 7 — Deferred Acquisition CostsNote 8 — Future Policy BenefitsNote 9 — Policyholder Account BalancesNote 10 — Additional Insurance LiabilitiesNote 11 — Market Risk BenefitsNote 12 — Separate AccountsNote 13 — Liability for Policy and Contract ClaimsNote 14 — Income TaxesNote 15 — Segment InformationNote 16 — Commitments and ContingenciesNote 17 — Changes in Accumulated Other Comprehensive Income (Loss)Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3. Quantitative and Qualitative Disclosures About Market RiskItem 4. Controls and ProceduresPART II—OTHER INFORMATIONItem 1. Legal ProceedingsItem 1A. Risk FactorsItem 2. Unregistered Sales of Equity Securities and Use of Proceeds PART I—FINANCIAL INFORMATION GENWORTH FINANCIAL, INC. CONDENSED CONSOLIDATED BALANCE SHEETS(Amounts in millions, except par value and share amounts) GENWORTH FINANCIAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Amounts in millions, except per share amounts)(Unaudited) GENWORTH FINANCIAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)(Amounts in millions)(Unaudited) Three months endedMarch 31, GENWORTH FINANCIAL, INC. GENWORTH FINANCIAL, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Amounts in millions)(Unaudited) GENWORTH FINANCIAL, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) (1) Business and Basis of Presentation Genworth Holdings, Inc. (“Genworth Holdings”) (formerly known as Genworth Financial, Inc.) was incorporated in Delaware in 2003in preparation for an initial public offering of its common stock, which was completed on May 28, 2004. On April1, 2013, GenworthHoldings completed a holding company reorganization pursuant to which Genworth Holdings became a direct, 100% owned subsidiary of anew public holding company that it had formed. The new public holding company was incorporated in Delaware on December 5, 2012, inconnection with the reorganization, and was renamed Genworth Financial, Inc. (“Genworth Financial”) upon the completion of thereorganization. The accompanying unaudited condensed financial statements include on a consolidated basis the accounts of Genworth Financial andits affiliate companies in which it holds a majority voting interest or power to direct activities of certain variable interest entities, which on aconsolidated basis is referred to as “Genworth,” the “Company,” “we,” “us” or “our” unless the context otherwise requires. All intercompanyaccounts and transactions have been eliminated in consolidation. References to “Genworth Financial” refer solely to Genworth Financial,Inc., and not to any of its consolidated subsidiaries. We manage our business through the following two reportable segments: •Enact. Enact Holdings, Inc. (“Enact Holdings”) comprises our Enact segment. Through Enact Holdings’ mortgage insurancesubsidiaries, we offer private mortgage insurance products predominantly insuring prime-based, individually underwrittenresidential mortgage loans at specified coverage percentages (“primary mortgage insurance”). Enact Holdings also selectivelyenters into insurance transactions with lenders and investors, under which it insures a portfolio of loans at or after origination(“pool mortgage insurance”).•Closed Block. We service a variety of protection and retirement income products that were previously sold through GenworthLife Insurance Company (“GLIC”) and its subsidiaries, collectively referred to as our “legacy insurance subsidiaries.” Ourprimary protection products include long-term care and life insurance. Long-term care insurance products are intended toprotect against the significant and escalating costs of long-term care services provided in the insured’s home or assisted livingor nursing facilities. Our life insurance products include traditional and non-traditional life insura