GENWORTH FINANCIAL INC
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout this filing
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.
FY2025 · Filed Feb 27, 2026
GNW$8.69-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from (used by) operating activities: | |||
| Net income (loss) | $350 | $427 | $199 |
| Less (income) loss from discontinued operations, net of taxes | (1) | 10 | — |
| Adjustments to reconcile net income (loss) to net cash from (used by) operating activities: | |||
| Amortization of fixed maturity securities discounts and premiums | (138) | (119) | (106) |
| Net investment (gains) losses | (59) | (13) | (23) |
| Changes in fair value of market risk benefits and associated hedges | 3 | (13) | (12) |
| Charges assessed to policyholders | (540) | (564) | (572) |
| Amortization of deferred acquisition costs and intangibles | 231 | 249 | 264 |
| Deferred income taxes | (55) | (103) | 48 |
| Derivative instruments, limited partnerships and other | (316) | (461) | (557) |
| Long-term incentive compensation expense | 58 | 51 | 49 |
| Change in certain assets and liabilities: | |||
| Accrued investment income and other assets | (77) | (112) | (150) |
| Insurance reserves | 908 | 777 | 1,500 |
| Current tax liabilities | (30) | 14 | 46 |
| Other liabilities, policy and contract claims and other policy-related balances | 5 | (55) | (86) |
| Cash from (used by) operating activities—discontinued operations | (12) | — | (3) |
| Net cash from (used by) operating activities | 327 | 88 | 597 |
| Cash flows from (used by) investing activities: | |||
| Proceeds from maturities and repayments of investments: | |||
| Fixed maturity securities | 2,926 | 2,524 | 2,426 |
| Commercial mortgage loans | 696 | 586 | 470 |
| Limited partnerships and other invested assets | 280 | 244 | 202 |
| Proceeds from sales of investments: | |||
| Fixed maturity and equity securities | 2,093 | 2,640 | 2,233 |
| Purchases and originations of investments: | |||
| Fixed maturity and equity securities | (4,296) | (4,445) | (3,217) |
| Commercial mortgage loans | (617) | (211) | (273) |
| Limited partnerships and other invested assets | (614) | (518) | (586) |
| Short-term investments, net | (31) | 24 | (12) |
| Policy loans, net | 108 | 73 | 73 |
| Proceeds from sale of property | 23 | — | — |
| Other | (50) | (56) | (55) |
| Net cash from (used by) investing activities | 518 | 861 | 1,261 |
| Cash flows from (used by) financing activities: | |||
| Deposits to universal life and investment contracts | 505 | 534 | 566 |
| Withdrawals from universal life and investment contracts | (991) | (1,214) | (1,637) |
| Proceeds from issuance of long-term debt | — | 750 | — |
| Debt issuance costs | — | (7) | — |
| Repayment and repurchase of long-term debt | (7) | (824) | (32) |
| Repurchase of subsidiary shares | (72) | (45) | (16) |
| Treasury stock acquired in connection with share repurchases | (247) | (189) | (296) |
| Dividends paid to noncontrolling interests | (23) | (21) | (39) |
| Other, net | (22) | (99) | 11 |
| Net cash from (used by) financing activities | (857) | (1,115) | (1,443) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | (1) | 1 |
| Net change in cash, cash equivalents and restricted cash | (12) | (167) | 416 |
| Cash, cash equivalents and restricted cash at beginning of period | 2,048 | 2,215 | 1,799 |
| Cash, cash equivalents and restricted cash at end of period | $2,036 | $2,048 | $2,215 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.