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Summary of Net Operating Income (Loss) for Segments and Corporate and Other (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Net income available to Genworth Financial, Inc.'s common stockholders $ 76 $ 137 $ 215 $ 259
Add: net income attributable to noncontrolling interests 34 31 64 63
Net income 110 168 279 322
Less: loss from discontinued operations, net of taxes (1) 2 (2) 2
Income from continuing operations 111 166 281 320
Less: net income from continuing operations attributable to noncontrolling interests 34 31 64 63
Income from continuing operations available to Genworth Financial, Inc.'s common stockholders 77 135 217 257
Net investment (gains) losses, net [1] 60 (41) 10 (30)
Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges [2] (10) (23) (36) (9)
(Gains) losses on early extinguishment of debt, net [3] 7 0 6 (1)
Expenses related to restructuring 4 1 11 4
Taxes on adjustments (13) 13 2 8
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders 125 85 210 229
Enact        
Segment Reporting Information [Line Items]        
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders 165 146 300 289
Long-Term Care Insurance        
Segment Reporting Information [Line Items]        
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders (29) (43) (26) (20)
Life and Annuities Segment        
Segment Reporting Information [Line Items]        
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders (1) 2 (16) (2)
Life and Annuities Segment | Life Insurance        
Segment Reporting Information [Line Items]        
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders (23) (17) (56) (44)
Life and Annuities Segment | Fixed annuities        
Segment Reporting Information [Line Items]        
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders 12 10 23 24
Life and Annuities Segment | Variable annuities        
Segment Reporting Information [Line Items]        
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders 10 9 17 18
Corporate and Other        
Segment Reporting Information [Line Items]        
Adjusted operating income available to Genworth Financial, Inc.'s common stockholders $ (10) $ (20) $ (48) $ (38)
[1] Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests of $1 million and $2 million for the three months ended June 30, 2024 and 2023, respectively, and $2 million for both the six months ended June 30, 2024 and 2023.
[2] Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments of $(2) million and $(4) million for the three months ended June 30, 2024 and 2023, respectively, and $(5) million and $(7) million for the six months ended June 30, 2024 and 2023, respectively.
[3] (Gains) losses on early extinguishment of debt are net of the portion attributable to noncontrolling interests of $2 million for the three and six months ended June 30, 2024.