XML 14 R2.htm IDEA: XBRL DOCUMENT v3.22.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Assets    
Fixed maturity securities available-for-sale, at fair value (amortized cost of $51,248 and $52,611 and allowance for credit losses of $— as of June 30, 2022 and December 31, 2021) $ 49,286 $ 60,480
Equity securities, at fair value 243 198
Commercial mortgage loans (net of unamortized balance of loan origination fees and costs of $4 as of June 30, 2022 and December 31, 2021) 7,088 6,856
Less: Allowance for credit losses (23) (26)
Commercial mortgage loans, net 7,065 6,830
Policy loans 2,178 2,050
Limited partnerships 2,123 1,900
Other invested assets 573 820
Total investments 61,468 72,278
Cash, cash equivalents and restricted cash 1,724 1,571
Accrued investment income 553 647
Deferred acquisition costs 2,314 1,146
Intangible assets 236 143
Reinsurance recoverable 16,691 16,868
Less: Allowance for credit losses (60) (55)
Reinsurance recoverable, net 16,631 16,813
Other assets 412 388
Deferred tax asset 1,047 119
Separate account assets 4,683 6,066
Total assets 89,068 99,171
Liabilities and equity    
Future policy benefits 38,133 41,528
Policyholder account balances 17,907 19,354
Liability for policy and contract claims 11,915 11,841
Unearned premiums 614 672
Other liabilities 1,468 1,511
Long-term borrowings 1,773 1,899
Separate account liabilities 4,683 6,066
Liabilities related to discontinued operations 4 34
Total liabilities 76,497 82,905
Commitments and contingencies
Equity:    
Class A common stock, $0.001 par value; 1.5 billion shares authorized; 600 million and 596 million shares issued as of June 30, 2022 and December 31, 2021, respectively; 508 million shares outstanding as of June 30, 2022 and December 31, 2021 1 1
Additional paid-in capital 11,859 11,858
Accumulated other comprehensive income (loss) (145) 3,861
Retained earnings 2,820 2,490
Treasury stock, at cost (92 million and 88 million shares as of June 30, 2022 and December 31, 2021, respectively) (2,715) (2,700)
Total Genworth Financial, Inc.'s stockholders' equity 11,820 15,510
Noncontrolling interests 751 756
Total equity 12,571 16,266
Total liabilities and equity $ 89,068 $ 99,171