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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:            
Premiums $ 902   $ 916   $ 1,817 $ 1,833
Net investment income 785   787   1,572 1,551
Net investment gains (losses) 39   19   28 61
Policy fees and other income 166   165   329 335
Total revenues 1,892   1,887   3,746 3,780 Close
Benefits and expenses:            
Benefits and other changes in policy reserves 1,175 $ 1,176 768 $ 1,167 2,351 1,935
Liability remeasurement (gains) losses 70 (15) 24 (64) 55 (40)
Changes in fair value of market risk benefits and associated hedges (19)   20   (2) (21)
Interest credited 126   126   252 251
Acquisition and operating expenses, net of deferrals 226 240 579 236 466 815
Amortization of deferred acquisition costs and intangibles 64   84   136 172
Interest expense 29   26   58 52
Total benefits and expenses 1,671 1,645 1,627 1,537 3,316 3,164 Close
Income from continuing operations before income taxes 221 209 260 356 430 616
Provision for income taxes 55 55 62 84 110 146
Income from continuing operations 166 154 198 272 320 470 Close
Income (loss) from discontinued operations, net of taxes 2   (1)   2 (3) CloseClose
Total Other Income Expenses 2.0 0.0 0.0 -1.0 0.0 Close
Net income 168 154 197 270 322 467 CloseClose
Less: net income from continuing operations attributable to noncontrolling interests 31   38   63 68 Close
Less: net income from discontinued operations attributable to noncontrolling interests 0   0   0 0
Net income available to Genworth Financial, Inc.'s common stockholders 137 122 159 240 259 399
Net income available to Genworth Financial, Inc.'s common stockholders:            
Income from continuing operations available to Genworth Financial, Inc.‘s common stockholders 135   160   257 402
Income (loss) from discontinued operations available to Genworth Financial, Inc.'s common stockholders 2   (1)   2 (3)
Net income available to Genworth Financial, Inc.'s common stockholders $ 137 $ 122 $ 159 $ 240 $ 259 $ 399
Income from continuing operations available to Genworth Financial, Inc.‘s common stockholders per share:            
Basic $ 0.28 $ 0.25 $ 0.32 $ 0.48 $ 0.53 $ 0.79
Diluted 0.28 0.24 0.31 0.47 0.53 0.78
Net income available to Genworth Financial, Inc.'s common stockholders per share:            
Basic 0.29 [1] 0.25 0.31 [1] 0.47 0.54 [1] 0.79 [1]
Diluted $ 0.29 [1] $ 0.24 $ 0.31 [1] $ 0.46 $ 0.53 [1] $ 0.77 [1]
Weighted-average common shares outstanding:            
Basic 473.2   508.9   482.7 508.6
Diluted 478.1   514.1   489.1 515.7
[1] May not total due to whole number calculation.