It's been my experience that the type of exercise and nutrition are the greater contributors and that people want to overstate the role of genetics. I call it the It's In My Genes And There's Nothing I Can Do About It effect
I, too, believe that hormones play a big part and, along with managing stress and sleep, the major factors in hormone signaling are nutrition and exercise.
Back to your question... My DXA scans show a slight increase in visceral fat over the last year. I purposefully eliminated non-resistance training from my routine while I focused on putting on muscle, so I attribute it to that. I gained 6lb of muscle and lost 1lb of fat but, again, visceral fat went up (+.15lb). I don't have much fat pad so it's hard to measure but seems to stay about the same. Though if it went up in proportion to visceral fat, I don't know that I could measure that. My A/G ratio is about .9 so not a lot of belly fat, and actually dropped a slight amount from previous while, again, visceral went up a tad.
Dunno if that helps but, ya, curious to hear from others, too.