GENWORTH FINANCIAL INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
GNW$8.72+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements and Supplementary Data
| Item 8. | Financial Statements and Supplementary Data |
|---|
Index to Consolidated Financial Statements
| Page | |
|---|---|
| Annual Financial Statements: | |
| Report of Independent Registered Public Accounting Firm (KPMG LLP, Richmond, VA, Auditor Firm ID: 185) | 130 |
| Financial Statements as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021: | |
| Consolidated Balance Sheets | 134 |
| Consolidated Statements of Income | 135 |
| Consolidated Statements of Comprehensive Income | 136 |
| Consolidated Statements of Changes in Equity | 137 |
| Consolidated Statements of Cash Flows | 138 |
| Notes to Consolidated Financial Statements: | |
| Note 1 – Nature of Business | 139 |
| Note 2 – Summary of Significant Accounting Policies | 140 |
| Note 3 – Long-Duration Insurance Contracts Targeted Improvements | 160 |
| Note 4 – Earnings Per Share | 165 |
| Note 5 – Investments | 166 |
| Note 6 – Derivative Instruments | 180 |
| Note 7 – Deferred Acquisition Costs | 185 |
| Note 8 – Intangible Assets | 186 |
| Note 9 – Reinsurance | 187 |
| Note 10 – Future Policy Benefits | 191 |
| Note 11 – Policyholder Account Balances | 198 |
| Note 12 – Additional Insurance Liabilities | 201 |
| Note 13 – Market Risk Benefits | 202 |
| Note 14 – Separate Accounts | 206 |
| Note 15 – Liability for Policy and Contract Claims | 206 |
| Note 16 – Employee Benefit Plans | 209 |
| Note 17 – Borrowings and Other Financings | 211 |
| Note 18 – Income Taxes | 214 |
| Note 19 – Supplemental Cash Flow Information | 217 |
| Note 20 – Long-Term Incentive Compensation | 217 |
| Note 21 – Fair Value of Financial Instruments | 221 |
| Note 22 – Insurance Subsidiary Financial Information and Regulatory Matters | 241 |
| Note 23 – Segment Information | 246 |
| Note 24 – Quarterly Results of Operations (unaudited) | 254 |
| Note 25 – Commitments and Contingencies | 257 |
| Note 26 – Changes in Accumulated Other Comprehensive Income (Loss) | 261 |
| Note 27 – Noncontrolling Interests | 263 |
| Note 28 – Discontinued Operations | 265 |
| Financial Statement Schedules as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021: | |
| Schedule I, Summary of Investments-Other Than Investments in Related Parties | 267 |
| Schedule II, Financial Statements of Genworth Financial, Inc. (Parent Only) | 268 |
| Schedule III, Supplemental Insurance Information | 275 |
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