UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
February 7, 2017
Date of Report
(Date of earliest event reported)

 

GENWORTH FINANCIAL, INC.
(Exact name of registrant as specified in its charter)

 
					
Delaware	 	001-32195	 	80-0873306	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(I.R.S. Employer
Identification No.)	

6620 West Broad Street, Richmond, VA	 	23230	
(Address of principal executive offices)	 	(Zip Code)	
(804) 281-6000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
 
☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 

Item 2.02	Results of Operations and Financial Condition.	
On February 7, 2017, Genworth Financial, Inc. (the “Company”) issued (1) a press release announcing its financial results for the quarter ended December 31, 2016, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, and (2) a financial supplement for the quarter ended December 31, 2016, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
 
Item 7.01	Regulation FD Disclosure	
On February 7, 2017, the Company also issued its Fourth Quarter 2016 earnings summary presentation, a copy of which is attached hereto as Exhibit 99.3 and is incorporated herein by reference.
The press release, the financial supplement and the earnings summary presentation are also available on the Company’s website, www.genworth.com, under the “Investors” section.
The information furnished pursuant to Items 2.02 and 7.01, including Exhibits 99.1, 99.2 and 99.3, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the company under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The information contained in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
 
Item 9.01	Financial Statements and Exhibits.	
The following materials are furnished as exhibits to this Current Report on Form 8-K:

Exhibit
Number	  	Description of Exhibit	
		
99.1	  	Press Release dated February 7, 2017.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 2016.	
		
99.3	  	Fourth Quarter 2016 Earnings Summary Presentation issued February 7, 2017.	
 
2

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	 		 	GENWORTH FINANCIAL, INC.	
				
Date: February 7, 2017	 		 	By:	 	/s/ Matthew D. Farney	
	 		 		 	Matthew D. Farney	
	 		 		 	Vice President and Controller	
	 		 		 	(Principal Accounting Officer)	
 
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Exhibit Index

Exhibit
Number	  	Description of Exhibit	
		
99.1	  	Press Release dated February 7, 2017.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 2016.	
		
99.3	  	Fourth Quarter 2016 Earnings Summary Presentation issued February 7, 2017.	
 
4

Exhibit 99.1

Genworth Financial Announces Fourth Quarter 2016 Results
Net Loss Of $122 Million And Adjusted Operating Loss Of $137 Million
 
•	 	Special Meeting Of Stockholders To Vote On Acquisition By China Oceanwide Holdings Group Co., Ltd. (China Oceanwide) Scheduled For March 7	
 
•	 	All Regulatory Filings For China Oceanwide Acquisition Submitted	
 
•	 	GAAP Annual Assumption Review Complete For U.S. Life Insurance	
 
 	•	 	Long Term Care Insurance (LTC) Active Life GAAP Margins Of Approximately $1.0 To $1.5 Billion	
 
 	•	 	Universal Life Insurance 1 After-Tax Charges Of $196 Million Primarily Reflecting Updates To Mortality Assumptions	
 
 	•	 	Statutory Results And Cash Flow Testing Results For U.S. Life Insurance Companies Expected To Be Made Available At The Time Of The Form 10-K Filing	
 
•	 	Net Loss 2 And Adjusted Operating Loss 3 Included Aggregate Unfavorable Items In Universal Life Insurance Relating To Annual Assumption Updates Of $196 Million, Or $0.39 Per Diluted Share, And Tax Charges Of $29 Million, Or $0.06 Per Diluted Share	
 
•	 	Strong Loss Ratio And Capital Levels In The Fourth Quarter For U.S., Canada And Australia Mortgage Insurance (MI); 2016 Full Year Loss Ratios At Or Better Than Company Outlook	
 
•	 	U.S. MI Full Year Adjusted Operating Income And New Insurance Written (NIW) Increased 40 Percent And 35 Percent, Respectively, Compared To 2015	
 
•	 	Holding Company Cash And Liquid Assets Of Approximately $1.1 Billion	
Richmond, VA (February 7, 2017) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the period ended December 31, 2016. The company reported a net loss of $122 million, or $0.25 per diluted share, in the fourth quarter of 2016, compared with a net loss of $292 million, or $0.59 per diluted share, in the fourth quarter of 2015. The adjusted operating loss for the fourth quarter of 2016 was $137 million, or $0.27 per diluted share, compared with an adjusted operating loss of $82 million, or $0.17 per diluted share, in the fourth quarter of 2015.

1  	Includes both universal life and term universal life insurance.	
2  	Unless otherwise stated, all references in this press release to net loss, net loss per share, adjusted operating income (loss) - formerly labeled “net operating income (loss),” adjusted operating income (loss) per share and book value per share should be read as net loss available to Genworth’s common stockholders, net loss available to Genworth’s common stockholders per diluted share, adjusted operating income (loss) available to Genworth’s common stockholders, adjusted operating income (loss) available to Genworth’s common stockholders per diluted share and book value available to Genworth’s common stockholders per share, respectively.	
3  	This is a financial measure that is not calculated based on U.S. Generally Accepted Accounting Principles (Non-GAAP). See the Use of Non-GAAP Measures section of this press release for additional information.	

The company reported a net loss of $277 million, or $0.56 per diluted share, in 2016, compared with a net loss of $615 million, or $1.24 per diluted share, in 2015. The company reported an adjusted operating loss of $316 million, or $0.63 per diluted share, in 2016, compared with adjusted operating income of $255 million, or $0.51 per diluted share, in 2015.
Strategic Update
 
The previously announced transaction with China Oceanwide is subject to receipt of required approvals by Genworth’s stockholders, regulators and other closing conditions. On January 25, 2017, Genworth filed a definitive proxy statement with the Securities and Exchange Commission (SEC) and commenced mailing to stockholders of record the definitive proxy materials in connection with the transaction. The special meeting of Genworth stockholders will be held on Tuesday, March 7, 2017, at 9:00 a.m. Eastern Time.
All filings required under the merger agreement for regulatory approval of the transaction have been submitted, including those for the Committee on Foreign Investment in the United States (CFIUS), where we are waiting for the CFIUS staff to initiate the review period, and the other regulators in the U.S., China, and other international markets. Both parties are engaging with regulators regarding the applications and the pending transaction. Genworth and China Oceanwide continue to expect the transaction to close by mid-2017.
“China Oceanwide is continuing to work diligently with Genworth to obtain all regulatory approvals and satisfy other necessary conditions to closing,” said Mr. Lu Zhiqiang, Chairman of China Oceanwide.
“The Genworth Board of Directors continues to believe that this transaction is in the best interests of Genworth’s stockholders and unanimously recommends the approval of the transaction,” said Tom McInerney, President and CEO of Genworth.
 
2

Financial Performance

Consolidated Net Loss & 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted Operating Income (Loss) 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	Three months ended
December 31	 	 	 	 	 	Twelve months ended
December 31	 	 	 	 	
 	 	(Unaudited)	 	 	 	 	 	(Unaudited)	 	 	 	 	
 	 	2016	 	 	2015	 	 	 	 	 	2016	 	 	2015	 	 	 	 	
(Amounts in millions, except per share) 	 	Total	 	 	Per
diluted
share	 	 	Total	 	 	Per
diluted
share	 	 	Total 
 %
change	 	 	Total	 	 	Per
diluted
share	 	 	Total	 	 	Per
diluted
share	 	 	Total
%
change	 	
Net loss available to Genworth’s common stockholders	 	$	(122	) 	 	$	(0.25	) 	 	$	(292	) 	 	$	(0.59	) 	 	 	58	% 	 	$	(277	) 	 	$	(0.56	) 	 	$	(615	) 	 	$	(1.24	) 	 	 	55	% 	
Adjusted operating income (loss)	 	$	(137	) 	 	$	(0.27	) 	 	$	(82	) 	 	$	(0.17	) 	 	 	(67	) % 	 	$	(316	) 	 	$	(0.63	) 	 	$	255	  	 	$	0.51	  	 	 	NM	4  	
Weighted-average diluted shares 5  	 	 	498.4	  	 				 	 	497.6	  	 				 				 	 	498.3	  	 				 	 	497.4	  	 				 				
								
 	 	Three months ended
December 31	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	(Unaudited)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	2016	 	 	2015	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Book value per share	 				 	$	25.37	  	 				 	$	25.76	  	 				 				 				 				 				 				
Book value per share, excluding accumulated other comprehensive income (loss)	 				 	$	19.16	  	 				 	$	19.71	  	 				 				 				 				 				 				
The net loss in the fourth quarter of 2016 was impacted by net investment gains, net of taxes and other adjustments, of $19 million in the quarter, compared to net investment losses of $1 million in the prior year. The net loss in the current quarter and prior year quarter also reflected after-tax losses of $196 million and $194 million, respectively, related to assumption updates in universal life insurance and $214 million in the prior year quarter related to the pending and completed sale of the European mortgage and lifestyle protection insurance businesses.
Net investment income was $786 million in the quarter, down from $805 million in the prior quarter and up from $781 million in the prior year. Prepayment speed adjustments related to residential mortgage-backed securities were unfavorable versus the prior quarter and prior year. The reported yield and core yield 3 for the current quarter were 4.50 percent and 4.47 percent, respectively.

4  	The company defines “NM” as not meaningful for increases or decreases greater than 200 percent.	
5  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 2.5 million, 2.2 million and 1.4 million, respectively, for the three months ended December 31, 2016, September 30, 2016 and December 31, 2015 and 2.0 million and 1.6 million, respectively, for the twelve months ended December 31, 2016 and December 31, 2015, would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations in these periods, dilutive potential weighted-average common shares outstanding would have been 500.9 million, 500.5 million and 499.0 million, respectively, for the three months ended December 31, 2016, September 30, 2016 and December 31, 2015 and 500.3 million and 499.0 million, respectively, for the twelve months ended December 31, 2016 and December 31, 2015. Since it had adjusted operating income for the twelve months ended December 31, 2015, the company used 499.0 million diluted weighted-average common shares outstanding in the calculation of diluted adjusted operating income (loss) per common share.	
 
3

Adjusted operating income (loss) results are summarized in the table below:

Adjusted Operating Income (Loss)	  	 	 	 	 	 	 	 	 	
(Amounts in millions)	  	Q4 16 	 	 	Q3 16 	 	 	Q4 15	 	
U.S. Mortgage Insurance	  	$	61	  	 	$	67	  	 	$	41	  	
Canada Mortgage Insurance	  	 	39	  	 	 	36	  	 	 	37	  	
Australia Mortgage Insurance	  	 	14	  	 	 	14	  	 	 	22	  	
U.S. Life Insurance	  	 	(154	)  	 	 	(207	)  	 	 	(135	) 	
Runoff	  	 	6	  	 	 	12	  	 	 	11	  	
Corporate and Other	  	 	(103	)  	 	 	(327	)  	 	 	(58	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Adjusted Operating Loss	  	$ 	(137 	)  	 	$ 	(405 	)  	 	$	(82	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss) represents income (loss) from continuing operations excluding net investment gains (losses), gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and other adjustments, net of taxes. A reconciliation of net income (loss) to adjusted operating income (loss) of segments and Corporate and Other activities is included at the end of this press release.
Unless specifically noted in the discussion of results for the MI businesses in Canada and Australia, references to percentage changes exclude the impact of translating foreign denominated activity into U.S. dollars (foreign exchange). Percentage changes, which include the impact of foreign exchange, are found in a table at the end of this press release.
U.S. Mortgage Insurance

Operating Metrics	  	 	 	 	 	 	 	 	 	
(Dollar amounts in millions)	  	Q4 16	 	 	Q3 16	 	 	Q4 15	 	
Adjusted operating income	  	$	61	  	 	$	67	  	 	$	41	  	
New insurance written	  				 				 				
Primary Flow	  	$	11,100	  	 	$	12,800	  	 	$	7,800	  	
Loss ratio	  	 	28	% 	 	 	21	% 	 	 	39	% 	
U.S. MI reported adjusted operating income of $61 million, compared with $67 million in the prior quarter and $41 million in the prior year. The loss ratio in the current quarter was 28 percent, up seven points sequentially driven primarily by the favorable adjustment to loss reserves in the prior quarter and down 11 points from the prior year primarily reflecting the continued decline and improved performance in delinquencies from the 2005 to 2008 book years. The full year loss ratio was 24 percent in 2016, compared to 37 percent in 2015 and better than the company’s outlook for 2016 of 30 to 40 percent.
Flow NIW of $11.1 billion decreased 13 percent from the prior quarter from a seasonally smaller purchase originations market, but increased 42 percent versus the prior year primarily from a larger purchase originations market and higher refinance originations from lower interest rates. U.S. MI’s flow insurance in force grew 13 percent during 2016 driven by an expanding purchase originations market, higher refinance originations and its differentiated service offerings.
 
4

Canada Mortgage Insurance

Operating Metrics	  	 	 	 	 	 	 	 	 	
(Dollar amounts in millions)	  	Q4 16	 	 	Q3 16	 	 	Q4 15	 	
Adjusted operating income	  	$	39	  	 	$	36	  	 	$	37	  	
New insurance written	  				 				 				
Flow	  	$	3,900	  	 	$	5,300	  	 	$	4,700	  	
Bulk	  	$	3,700	  	 	$	5,100	  	 	$	7,300	  	
Loss ratio	  	 	18	% 	 	 	24	% 	 	 	23	% 	
Canada MI reported adjusted operating income of $39 million versus $36 million in the prior quarter and $37 million in the prior year. The loss ratio in the quarter was 18 percent, down six points from the prior quarter from a decrease in new delinquencies, net of cures, primarily related to higher cures in Alberta and down five points compared to the prior year from a decrease in new delinquencies, net of cures. The full year loss ratio was 22 percent in 2016, compared to 21 percent in 2015 and better than the company’s outlook for 2016 of 25 to 35 percent. Results versus the prior year included increased earned premiums from a higher level of NIW in recent years.
Flow NIW was down 25 percent 6 sequentially primarily from a seasonally smaller originations market and down 17 percent 6 from the prior year primarily from targeted underwriting changes in select markets and a smaller market size. In addition, the company completed several bulk transactions in the quarter of $3.7 billion in the aggregate, consisting of high quality low loan-to-value prime loans. Effective March 17, 2017, Canada MI will increase its flow mortgage insurance premium rates for new insured mortgages an average of approximately 20 percent to reflect the regulatory capital framework that came into effect on January 1, 2017.

6  	Percent change excludes the impact of foreign exchange.	
 
5

Australia Mortgage Insurance

Operating Metrics	  	 	 	 	 	 	 	 	 	
(Dollar amounts in millions)	  	Q4 16	 	 	Q3 16	 	 	Q4 15	 	
Adjusted operating income	  	$	14	  	 	$	14	  	 	$	22	  	
New insurance written	  				 				 				
Flow	  	$	5,000	  	 	$	4,600	  	 	$	4,600	  	
Loss ratio	  	 	30	% 	 	 	42	% 	 	 	17	% 	
Australia MI reported adjusted operating income of $14 million versus $14 million in the prior quarter and $22 million in the prior year. The loss ratio in the quarter was 30 percent, down 12 points sequentially from higher cure activity and favorable aging of later stage delinquencies and up 13 points from the prior year from continued unfavorable experience from the commodity dependent regions of Queensland and Western Australia. The full year loss ratio was 34 percent in 2016, compared to 23 percent in 2015 and at the upper end of the company’s outlook for 2016 of 25 to 35 percent.
Flow NIW was up nine percent 6 sequentially from a larger originations market and up two percent 6 from the prior year.
U.S. Life Insurance

Operating Metrics	  	 	 	 	 	 	 	 	 	
(Amounts in millions)	  	Q4 16	 	 	Q3 16	 	 	Q4 15	 	
Adjusted operating income (loss)	  				 				 				
Long Term Care Insurance	  	$	(1	) 	 	$	(270	) 	 	$	19	  	
Life Insurance	  	 	(193	) 	 	 	48	  	 	 	(173	) 	
Fixed Annuities	  	 	40	  	 	 	15	  	 	 	19	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance	  	$	(154	) 	 	$	(207	) 	 	$	(135	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Sales	  				 				 				
Long Term Care Insurance	  				 				 				
Individual	  	$	1	  	 	$	2	  	 	$	8	  	
Group	  	 	1	  	 	 	3	  	 	 	2	  	
Life Insurance	  				 				 				
Term Life	  	 	—  	  	 	 	—  	  	 	 	6	  	
Universal Life	  	 	—  	  	 	 	1	  	 	 	3	  	
Linked Benefits	  	 	—  	  	 	 	—  	  	 	 	1	  	
Fixed Annuities	  	 	—  	  	 	 	1	  	 	 	314	  	
Long Term Care Insurance
LTC reported an adjusted operating loss of $1 million, compared with $270 million in the prior quarter and adjusted operating income of $19 million in the prior year. Results in the prior quarter included an increase to LTC claim reserves of approximately $435 million pre-tax resulting in an after-tax charge of $283 million related to the company’s annual review of LTC claim reserves assumptions and methodologies.
 
6

During the quarter, the company completed its annual review of GAAP active life margins or loss recognition testing. GAAP loss recognition testing margins for the business were reduced to approximately $1.0 to $1.5 billion as higher expected future claim costs were partially offset by the impact of higher future in force rate actions. The company continues to separately test its LTC acquired block (representing business written prior to late 1995) for recoverability as part of testing its GAAP loss recognition margins. The GAAP loss recognition testing margin for the LTC acquired block was positive and did not require an increase to reserves in the quarter, driven mostly by more favorable claim termination assumptions.
Results for the quarter included a less favorable impact from reduced benefit options from elections from in force policyholders of $13 million after-tax versus the prior quarter and $26 million after-tax versus the prior year. Estimated favorable impact from in force rate action premiums continues to build and was $67 million after-tax in the current quarter versus $62 million after-tax in the prior quarter and $51 million after-tax in the prior year.
Results in the quarter were negatively impacted by a $7 million after-tax increase to the reserve related to profits followed by losses versus the prior quarter.
Life Insurance
Life insurance reported an adjusted operating loss of $193 million, compared with adjusted operating income of $48 million in the prior quarter and an adjusted operating loss of $173 million in the prior year.
During the quarter, the company completed its annual review of life insurance assumptions and recorded an after-tax charge of $196 million associated with its universal life insurance products. The negative impact was primarily driven by assumption changes due to emerging mortality experience in older age populations with more modest assumption updates related to interest rates, lapses and other refinements. Results in the prior year reflected an after-tax charge of $194 million related to the company’s annual review of life insurance assumptions.
Results versus the prior quarter and prior year reflect lower investment income from unfavorable prepayment speed adjustments related to residential mortgage-backed securities as well as higher mortality.
Fixed Annuities
Fixed annuities reported adjusted operating income of $40 million, compared with $15 million in the prior quarter and $19 million in the prior year. Results in the quarter include a $6 million after-tax favorable adjustment related to state guaranty funds and a $10 million after-tax favorable impact related to an update of lapse assumptions and other refinements versus the prior quarter. Results in the prior quarter also included an $8 million after-tax unfavorable correction related to state guaranty funds.
 
7

Runoff
Runoff reported adjusted operating income of $6 million which included an after-tax charge of $3 million primarily related to lapse assumption updates, compared with adjusted operating income of $12 million in the prior quarter and $11 million in the prior year which included an after-tax benefit of $3 million from assumption updates primarily relating to mortality.
Corporate And Other
Corporate and Other reported an adjusted operating loss of $103 million, compared with an adjusted operating loss of $327 million in the prior quarter and $58 million in the prior year. Results in the quarter reflected $29 million of deferred tax charges compared with $265 million of deferred tax charges in the prior quarter and an increase in professional fees and legal expenses associated with the China Oceanwide transaction and pending litigation.
Capital & Liquidity
Genworth maintains the following capital positions in its operating subsidiaries:

Key Capital & Liquidity Metrics 	  	 	 	 	 	 	 	 	 	
(Dollar amounts in millions) 	  	Q4 16	 	 	Q3 16	 	 	Q4 15	 	
U.S. MI	  				 				 				
Consolidated Risk-To-Capital Ratio 7 	  	 	14.4:1	  	 	 	15.0:1	  	 	 	16.3:1	  	
Genworth Mortgage Insurance Corporation Risk-To-Capital Ratio 7  	  	 	14.5:1	  	 	 	15.0:1	  	 	 	16.4:1	  	
Private Mortgage Insurer Eligibility Requirements (PMIERs) Sufficiency Ratio 8  	  	 	115	% 	 	 	117	% 	 	 	109	% 	
Canada MI	  				 				 				
Minimum Capital Test (MCT) Ratio 7  	  	 	245	% 	 	 	237	% 	 	 	234	% 	
Australia MI	  				 				 				
Prescribed Capital Amount (PCA) Ratio 7  	  	 	157	% 	 	 	155	% 	 	 	159	% 	
U.S. Life Insurance Companies	  				 				 				
Consolidated Risk-Based Capital (RBC) Ratio  	  	 	N/A	9  	 	 	345	% 	 	 	393	% 	
Unassigned Surplus  	  	 	N/A	9  	 	$	(650	) 	 	$	(329	) 	
Holding Company Cash 10 and Liquid Assets 11  	  	$	1,098	  	 	$	1,165	  	 	$	1,374	  	
Key Points
 
•	 	The U.S. MI PMIERs sufficiency ratio of 115 percent decreased slightly in the quarter on strong NIW;	
 
•	 	Canada MI and Australia MI continue to maintain solid capital ratios in excess of management targets;	
 
•	 	Canada MI’s pro-forma MCT ratio as of December 31, 2016 under the new capital framework is estimated to be 158 to 162 percent, above the recalibrated minimum target of 150 percent;	
 
•	 	U.S. life insurance companies’ statutory results are expected to be made available at the time of the Form 10-K filing;	

7	Company estimate for the fourth quarter of 2016, due to timing of the filing of statutory statements.	
8  	Calculated as available assets divided by required assets as defined within PMIERs. As of December 31, 2016 and September 30, 2016, the PMIERs sufficiency ratios were in excess of approximately $350 million and $400 million, respectively, of available assets above the PMIERs requirements. Company estimate for the fourth quarter of 2016.	
9  	U.S. life insurance companies’ statutory results are expected to be made available at the time of the Form 10-K filing.	
10  	Holding company cash and liquid assets comprises assets held in Genworth Holdings, Inc. (the issuer of outstanding public debt) which is a wholly-owned subsidiary of Genworth Financial, Inc.	
11  	Comprises cash and cash equivalents of $998 million, $1,065 million and $1,124 million, respectively, and U.S. government bonds of $100 million, $100 million and $250 million, respectively, as of December 31, 2016, September 30, 2016 and December 31, 2015.	

8

•	 	U.S. Life Insurance maintaining previously achieved cash expense reduction target of $150 million pre-tax on an annualized basis;	
 
•	 	The holding company ended the quarter with $1,098 million of cash and liquid assets, representing a buffer of approximately $660 million in excess of one and a half times annual debt service and restricted cash and liquid assets; and	
 
•	 	$175 million of holding company cash is committed to facilitate the separation and isolation of the LTC business.	
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 insurance holding company committed to helping families achieve the dream of homeownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com .
From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the “Investors” section of  genworth.com . From time to time, Genworth’s publicly traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage Insurance Australia Limited, separately release financial and other information about their operations. This information can be found at  http://genworth.ca  and http://www.genworth.com.au .
Financial Supplement Information
This press release, fourth quarter 2016 financial supplement and earnings presentation are now posted on the company’s website. Investors are encouraged to review these materials. Due to the pending sale to China Oceanwide, the company does not plan to host an earnings call.
Use of Non-GAAP Measures
This press release includes the non-GAAP financial measures entitled “adjusted operating income (loss)” and “adjusted operating income (loss) per common share.” Adjusted operating income (loss) per common share is derived from adjusted operating income (loss). The chief operating decision maker evaluates segment performance and allocates resources on the basis of adjusted operating income (loss). The company defines adjusted operating income (loss) as loss from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early
 
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extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for certain blocks of business. The company excludes net investment gains (losses) and infrequent or unusual non-operating items because the company does not consider them to be related to the operating performance of the company’s segments and Corporate and Other activities. A component of the company’s net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and restructuring costs are also excluded from adjusted operating income (loss) because, in the company’s opinion, they are not indicative of overall operating trends. Infrequent or unusual non-operating items are also excluded from adjusted operating income (loss) if, in the company’s opinion, they are not indicative of overall operating trends.
While some of these items may be significant components of net loss available to Genworth’s common stockholders in accordance with GAAP, the company believes that adjusted operating income (loss) and measures that are derived from or incorporate adjusted operating income (loss), including adjusted operating income (loss) per common share on a basic and diluted basis, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses adjusted operating income (loss) as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. However, the items excluded from adjusted operating income (loss) have occurred in the past and could, and in some cases will, recur in the future. Adjusted operating income (loss) and adjusted operating income (loss) per common share on a basic and diluted basis are not substitutes for net loss available to Genworth’s common stockholders or net loss available to Genworth’s common stockholders per common share on a basic and diluted basis determined in accordance with GAAP. In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies.
Adjustments to reconcile net income (loss) attributable to Genworth’s common stockholders and adjusted operating income (loss) assume a 35 percent tax rate (unless otherwise indicated) and are net of the portion attributable to noncontrolling interests. Net investment gains (losses) are also adjusted for deferred acquisition costs (DAC) and other intangible amortization and certain benefit reserves.
In June 2016, the company completed the sale of its term life insurance new business platform and recorded a pre-tax gain of $12 million. In May 2016, the company completed the sale of its mortgage insurance business in Europe and recorded an additional pre-tax loss of $2 million. In the first quarter of 2016, the company recorded an estimated pre-tax loss of $7 million and a tax benefit of $27 million related to the planned sale of the mortgage insurance business in Europe. The company also recognized an estimated pre-tax loss of $140 million in the fourth quarter of 2015 for the planned sale of this business. The company also incurred a $6 million tax benefit in the fourth quarter of 2015 related to the planned sale as well as a tax charge of $7 million in the third quarter of 2015 from potential business portfolio changes related to this business. These transactions were excluded from adjusted operating income (loss) for the periods presented as they related to a gain (loss) on the sale of businesses.
In June 2016, the company settled restricted borrowings of $70 million related to a securitization entity and recorded a $64 million pre-tax gain related to the early extinguishment of debt. In January 2016, the company paid a pre-tax make-whole expense of $20 million related to the early redemption of Genworth Holdings, Inc.’s (Genworth Holdings) 2016 notes. The company also repurchased $28 million principal amount of Genworth Holdings’ notes with various maturity dates for a pre-tax gain of $4 million in the first quarter of 2016. In the third quarter of 2015, the company paid an early redemption payment of approximately $1 million, net of the portion attributable to noncontrolling interests, related to the early redemption of Genworth Financial Mortgage Insurance Pty Limited’s notes that were scheduled to mature in 2021. In the third quarter of 2015, the company also repurchased approximately $50 million principal amount of Genworth Holdings’ notes with various maturity dates for a pre-tax loss of $1 million. These transactions were excluded from adjusted operating income (loss) for the periods presented as they related to a gain (loss) on the early extinguishment of debt.
 
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In the first quarter of 2016, the company completed a life block transaction resulting in a pre-tax loss of $9 million in connection with the early extinguishment of non-recourse funding obligations. In the third quarter of 2015, the company recorded a pre-tax DAC impairment of $455 million on certain term life insurance policies in connection with entering into an agreement to complete a life block transaction.
In the third, second and first quarters of 2016, the company recorded a pre-tax expense of $2 million, $5 million and $15 million, respectively, related to restructuring costs as part of an expense reduction plan as the company evaluates and appropriately sizes its organizational needs and expenses. In the fourth and second quarters of 2015, the company also recorded a pre-tax expense of $5 million and $3 million, respectively, related to restructuring costs.
There were no infrequent or unusual items excluded from adjusted operating income (loss) during the periods presented other than fees incurred during the first quarter of 2016 related to Genworth Holdings’ bond consent solicitation of $18 million for broker, advisor and investment banking fees.
The tables at the end of this press release provide a reconciliation of net loss available to Genworth’s common stockholders to adjusted operating income (loss) for the three and twelve months ended December 31, 2016 and 2015, as well as for the three months ended September 30, 2016 and reflect adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting.
This press release includes the non-GAAP financial measure entitled “core yield” as a measure of investment yield. The company defines core yield as the investment yield adjusted for items that do not reflect the underlying performance of the investment portfolio. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield is not a substitute for investment yield determined in accordance with GAAP. In addition, the company’s definition of core yield may differ from the definitions used by other companies. A reconciliation of core yield to reported GAAP yield is included in a table at the end of this press release.
Definition of Selected Operating Performance Measures
The company reports selected operating performance measures including “sales” and “insurance in force” or “risk in force” which are commonly used in the insurance industry as measures of operating performance.
Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) new insurance written for mortgage insurance; (2) annualized first-year premiums for long term care and term life insurance products; (3) annualized first-year deposits plus five percent of excess deposits for universal and term universal life insurance products; (4) 10 percent of premium deposits for linked-benefits products; and (5) new and additional premiums/deposits for fixed annuities. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers new insurance written, annualized first-year premiums/deposits, premium equivalents and new premiums/deposits to be a measure of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company’s revenues or profitability during that period.
Management also regularly monitors and reports a loss ratio for the company’s businesses. For the mortgage insurance businesses, the loss ratio is the ratio of incurred losses and loss adjustment expenses to net earned premiums. For the long term care insurance business, the loss ratio is the ratio of benefits and other changes in reserves less tabular interest on reserves less loss adjustment expenses to net earned premiums. The company considers the loss ratio to be a measure of underwriting performance in these businesses and helps to enhance the understanding of the operating performance of the businesses.
 
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An assumed tax rate of 35 percent is utilized in certain adjustments to adjusted operating income (loss) and in the explanation of specific variances of operating performance and investment results.
These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including, but not limited to, the following:
 
 	•	 	risks related to the proposed transaction with China Oceanwide Holdings Group Co., Ltd. (China Oceanwide) including: the company’s inability to complete the transaction in a timely manner or at all; the company’s inability to obtain stockholder or regulatory approvals, or the possibility that the parties may delay the transaction or that materially burdensome or adverse regulatory conditions may be imposed in connection with any such regulatory approvals; legal proceedings may be instituted against the company in connection with the proposed transaction; the proposed transaction may disrupt the company’s current plans and operations; certain restrictions during the pendency of the transaction may impact the company’s ability to pursue certain business opportunities or strategic transactions; there may be insufficient continued availability of capital and financing to the company before the consummation of the transaction; there may be further rating agency actions and downgrades in the company’s financial strength ratings; there may be changes in applicable laws or regulations; the company may not recognize the anticipated benefits of the transaction; the amount of the costs, fees, expenses and other charges related to the transaction may be material; management’s attention may be diverted from the company’s ongoing business operations; the merger agreement may be terminated in circumstances that would require the company to pay China Oceanwide a fee; the company’s ability to attract, recruit, retain and motivate current and prospective employees may be adversely affected; and disruptions and uncertainty relating to the transaction, whether or not it is completed, may harm the company’s relationships with its employees, customers, distributors, vendors or other business partners, and may result in a negative impact on the company’s business;	
 
 	•	 	strategic risks in the event the proposed transaction with China Oceanwide is not consummated including: the company’s inability to successfully execute alternative strategic plans to effectively address its current business challenges (including with respect to the restructuring of its U.S. life insurance businesses, debt obligations, cost savings, ratings and capital); the company’s inability to attract buyers for any businesses or other assets it may seek to sell, or securities it may seek to issue, in each case, in a timely manner on anticipated terms; failure to obtain any required regulatory, stockholder and/or noteholder approvals or consents, or the company’s challenges changing or being more costly or difficult to successfully address than currently anticipated or the benefits achieved being less than anticipated; inability to achieve	
 
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 	anticipated cost-savings in a timely manner; adverse tax or accounting charges; and inability to increase the capital needed in the company’s businesses in a timely manner and on anticipated terms, including through improved business performance, reinsurance or similar transactions, asset sales, securities offerings or otherwise, in each case as and when required;	
 
 	•	 	risks relating to estimates, assumptions and valuations including: risks related to the impact of the company’s annual review of assumptions and methodologies related to its long term care insurance claim reserves in the third quarter of 2016 and its margin reviews in the fourth quarter of 2016; inadequate reserves and the need to increase reserves (including any changes the company may make in the future to its assumptions, methodologies or otherwise in connection with periodic or other reviews); inaccurate models; deviations from the company’s estimates and actuarial assumptions or other reasons in its long term care insurance, life insurance and/or annuity businesses; accelerated amortization of deferred acquisition costs (DAC) and present value of future profits (PVFP) (including any changes it may make in the future to its assumptions, methodologies or otherwise in connection with periodic or other reviews); adverse impact on the company’s financial results as a result of projected profits followed by projected losses (as is currently the case with its long term care insurance business); and changes in valuation of fixed maturity, equity and trading securities;	
 
 	•	 	risks relating to economic, market and political conditions including: downturns and volatility in global economies and equity and credit markets; interest rates and changes in rates (particularly given the historically low interest rate environment) have adversely impacted, and may continue to materially adversely impact, the company’s business and profitability; deterioration in economic conditions or a decline in home prices that adversely affect the company’s loss experience in mortgage insurance; political and economic instability or changes in government policies; and fluctuations in foreign currency exchange rates and international securities markets;	
 
 	•	 	regulatory and legal risks including: extensive regulation of the company’s businesses and changes in applicable laws and regulations; litigation and regulatory investigations or other actions; dependence on dividends and other distributions from the company’s subsidiaries (particularly its international subsidiaries) and the inability of any subsidiaries to pay dividends or make other distributions to the company, including as a result of the performance of its subsidiaries and insurance, regulatory or corporate law restrictions; adverse change in regulatory requirements, including risk-based capital; changes in regulations adversely affecting the company’s international operations; inability to meet or maintain the private mortgage insurer eligibility requirements (PMIERs); inability of the company’s U.S. mortgage insurance subsidiaries to meet minimum statutory capital requirements and hazardous financial condition standards; the influence of Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) and a small number of large mortgage lenders on the U.S. mortgage insurance market and adverse changes to the role or structure of Fannie Mae and Freddie Mac; adverse changes in regulations affecting the company’s mortgage insurance businesses; inability to continue to implement actions to mitigate the impact of statutory reserve requirements; impact of additional regulations pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act); and changes in accounting and reporting standards;	
 
 	•	 	liquidity, financial strength ratings, credit and counterparty risks including: insufficient internal sources to meet liquidity needs and limited or no access to capital (including the company’s inability to enter into a credit facility); recent or future adverse rating agency actions, including with respect to rating downgrades or potential downgrades or being put on review for potential downgrade (including in connection with the	
 
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 	company’s recent announcement of a material increase to the company’s universal life insurance reserves), all of which could have adverse implications for the company, including with respect to key business relationships, product offerings, business results of operations, financial condition and capital needs, strategic plans, collateral obligations and availability and terms of hedging, reinsurance and borrowings; defaults by counterparties to reinsurance arrangements or derivative instruments; defaults or other events impacting the value of the company’s fixed maturity securities portfolio; and defaults on the company’s commercial mortgage loans or the mortgage loans underlying its investments in commercial mortgage-backed securities and volatility in performance;	
 
 	•	 	operational risks including: inability to retain, attract and motivate qualified employees or senior management; ineffective or inadequate risk management in identifying, controlling or mitigating risks; reliance on, and loss of, key customer or distribution relationships; availability, affordability and adequacy of reinsurance to protect the company against losses; competition; competition in the company’s mortgage insurance businesses from government and government-owned and government-sponsored enterprises (GSEs) offering mortgage insurance; material weakness in, or ineffective, internal control over financial reporting; and failure or any compromise of the security of the company’s computer systems, disaster recovery systems and business continuity plans and failures to safeguard, or breaches of, its confidential information;	
 
 	•	 	insurance and product-related risks including: the company’s inability to increase sufficiently, and in a timely manner, premiums on in force long term care and life insurance policies and/or reduce in force benefits, and charge higher premiums on new policies, in each case, as currently anticipated and as may be required from time to time in the future (including as a result of the company’s failure to obtain any necessary regulatory approvals or unwillingness or inability of policyholders to pay increased premiums), including to offset the impact on the company’s margins of updated claim reserves assumptions in connection with its annual review of its long term care insurance claim reserves in the third quarter of 2016 and its annual U.S. life insurance assumption reviews in the fourth quarter of 2016; the company’s inability to reflect future premium increases and other management actions in its margin calculation as anticipated; failure to sufficiently increase new sales for the company’s long term care insurance products; inability to realize anticipated benefits of the company’s rescissions, curtailments, loan modifications or other similar programs in its mortgage insurance businesses; premiums for the significant portion of the company’s mortgage insurance risk in force with high loan-to-value ratios may not be sufficient to compensate the company for the greater risks associated with those policies; decreases in the volume of high loan-to-value mortgage originations or increases in mortgage insurance cancellations; increases in the use of alternatives to private mortgage insurance and reductions in the level of coverage selected; potential liabilities in connection with the company’s U.S. contract underwriting services; and medical advances, such as genetic research and diagnostic imaging, and related legislation that impact policyholder behavior in ways adverse to the company;	
 
 	•	 	other risks including: occurrence of natural or man-made disasters or a pandemic; impairments of or valuation allowances against the company’s deferred tax assets; the possibility that in certain circumstances the company will be obligated to make payments to General Electric Company (GE) under the tax matters agreement with GE even if its corresponding tax savings are never realized and payments could be accelerated in the event of certain changes in control; and provisions of the company’s certificate of incorporation and bylaws and the tax matters agreement with GE may discourage takeover attempts and business combinations that stockholders might consider in their best interests; and	
 
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 	•	 	risks relating to the company’s common stock including : the continued suspension of payment of dividends; and stock price fluctuations.	
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.
Important Information For Investors and Stockholders
This communication may be deemed to be a solicitation material in respect of the proposed transaction with China Oceanwide Holdings Group Co., Ltd. Genworth filed the definitive proxy statement with the SEC in connection with the solicitation of proxies for a special meeting to be held on March 7, 2017 (the Proxy Statement). The Proxy Statement and a proxy card are in the process of being mailed to each stockholder entitled to vote at the meeting. Genworth stockholders are urged to read the Proxy Statement (including any and all amendments and supplements thereto) and all other relevant documents which Genworth will file with the SEC when they become available, because they will contain important information about the proposed transaction and related matters. Stockholders will also be able to obtain copies of the Proxy Statement, without charge, when available, at the SEC’s website at www.sec.gov or by contacting the investor relations department of Genworth at the following:
investorinfo@genworth.com
Participants in the Solicitation
Genworth and its directors and executive officers may be deemed to be participants in the solicitation of proxies of Genworth’s stockholders in connection with the proposed transaction with China Oceanwide Holdings Group Co., Ltd. Genworth’s stockholders may obtain, without charge, more detailed information regarding such interested participants in the Proxy Statement, Genworth’s Annual Report on Form 10-K filed with the SEC on February 26, 2016, any Statements of Changes in Beneficial Ownership on Form 4 of such participants, filed with the SEC, and certain other documents to be filed with the SEC in connection with the proposed transaction.
# # #
Contact Information :
 
Investors:         investorinfo@genworth.com		
 
Media:            Julie	Westermann, 804 662.2423	
       julie.westermann@genworth.com
 
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Condensed Consolidated Statements of Income
(Amounts in millions, except per share amounts)

 	  	Three months ended	 	 	Twelve months ended	 	
 	  	December 31,	 	 	December 31,	 	
 	  	2016	 	 	2015	 	 	2016	 	 	2015	 	
Revenues:	  				 				 				 				
Premiums	  	$	1,131	  	 	$	1,157	  	 	$	4,160	  	 	$	4,579	  	
Net investment income	  	 	786	  	 	 	781	  	 	 	3,159	  	 	 	3,138	  	
Net investment gains (losses)	  	 	41	  	 	 	(16	) 	 	 	72	  	 	 	(75	) 	
Policy fees and other income	  	 	240	  	 	 	234	  	 	 	978	  	 	 	906	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	2,198	  	 	 	2,156	  	 	 	8,369	  	 	 	8,548	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and expenses:	  				 				 				 				
Benefits and other changes in policy reserves	  	 	1,530	  	 	 	1,435	  	 	 	5,245	  	 	 	5,149	  	
Interest credited	  	 	173	  	 	 	180	  	 	 	696	  	 	 	720	  	
Acquisition and operating expenses, net of deferrals	  	 	283	  	 	 	433	  	 	 	1,273	  	 	 	1,309	  	
Amortization of deferred acquisition costs and intangibles	  	 	193	  	 	 	207	  	 	 	498	  	 	 	966	  	
Interest expense	  	 	75	  	 	 	104	  	 	 	337	  	 	 	419	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,254	  	 	 	2,359	  	 	 	8,049	  	 	 	8,563	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	(56	) 	 	 	(203	) 	 	 	320	  	 	 	(15	) 	
Provision (benefit) for income taxes	  	 	3	  	 	 	(36	) 	 	 	358	  	 	 	(9	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations	  	 	(59	) 	 	 	(167	) 	 	 	(38	) 	 	 	(6	) 	
Loss from discontinued operations, net of taxes	  	 	(4	) 	 	 	(73	) 	 	 	(29	) 	 	 	(407	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss	  	 	(63	) 	 	 	(240	) 	 	 	(67	) 	 	 	(413	) 	
Less: net income attributable to noncontrolling interests	  	 	59	  	 	 	52	  	 	 	210	  	 	 	202	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss available to Genworth Financial, Inc.’s common stockholders	  	$	(122	) 	 	$	(292	) 	 	$	(277	) 	 	$	(615	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				 				 				
Basic	  	$	(0.24	) 	 	$	(0.44	) 	 	$	(0.50	) 	 	$	(0.42	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.24	) 	 	$	(0.44	) 	 	$	(0.50	) 	 	$	(0.42	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				 				 				
Basic	  	$	(0.25	) 	 	$	(0.59	) 	 	$	(0.56	) 	 	$	(1.24	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.25	) 	 	$	(0.59	) 	 	$	(0.56	) 	 	$	(1.24	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average shares outstanding:	  				 				 				 				
Basic	  	 	498.4	  	 	 	497.6	  	 	 	498.3	  	 	 	497.4	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted 5	  	 	498.4	  	 	 	497.6	  	 	 	498.3	  	 	 	497.4	  	

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Reconciliation of Net Loss to Adjusted Operating Income (Loss) 
(Amounts in millions, except per share amounts) 

 	  	Three	 	 	Twelve	 	 	Three 	 	
 	  	months ended	 	 	months ended	 	 	months ended	 	
 	  	December 31,	 	 	December 31,	 	 	September 30,	 	
 	  	2016	 	 	2015	 	 	2016	 	 	2015	 	 	2016 	 	
Net loss available to Genworth Financial, Inc.’s common stockholders	  	$	(122	) 	 	$	(292	) 	 	$	(277	) 	 	$	(615	) 	 	$	(380	) 	
Add: net income attributable to noncontrolling interests	  	 	59	  	 	 	52	  	 	 	210	  	 	 	202	  	 	 	48	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss	  	 	(63	) 	 	 	(240	) 	 	 	(67	) 	 	 	(413	) 	 	 	(332	)  	
Income (loss) from discontinued operations, net of taxes	  	 	(4	) 	 	 	(73	) 	 	 	(29	) 	 	 	(407	) 	 	 	15	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations	  	 	(59	) 	 	 	(167	) 	 	 	(38	) 	 	 	(6	) 	 	 	(347	)  	
Less: income from continuing operations attributable to noncontrolling interests	  	 	59	  	 	 	52	  	 	 	210	  	 	 	202	  	 	 	48	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations available to Genworth Financial, Inc.’s common stockholders	  	 	(118	) 	 	 	(219	) 	 	 	(248	) 	 	 	(208	) 	 	 	(395	)  	
Adjustments to loss from continuing operations available to Genworth Financial, Inc.’s common stockholders:	  				 				 				 				 				
Net investment (gains) losses, net 12  	  	 	(28	) 	 	 	1	  	 	 	(66	) 	 	 	30	  	 	 	(18	)  	
(Gains) losses on sale of businesses	  	 	—  	  	 	 	140	  	 	 	(3	) 	 	 	140	  	 	 	—  	  	
(Gains) losses on early extinguishment of debt, net 13	  	 	—  	  	 	 	—  	  	 	 	(48	) 	 	 	2	  	 	 	—  	  	
Losses from life block transactions	  	 	—  	  	 	 	—  	  	 	 	9	  	 	 	455	  	 	 	—  	  	
Expenses related to restructuring	  	 	—  	  	 	 	5	  	 	 	22	  	 	 	8	  	 	 	2	  	
Fees associated with bond consent solicitation	  	 	—  	  	 	 	—  	  	 	 	18	  	 	 	—  	  	 	 	—  	  	
Taxes on adjustments	  	 	9	  	 	 	(9	) 	 	 	—  	  	 	 	(172	) 	 	 	6	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss)	  	$	(137	) 	 	$	(82	) 	 	$	(316	) 	 	$	255	  	 	$	(405	)  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss):	  				 				 				 				 				
U.S. Mortgage Insurance segment	  	$	61	  	 	$	41	  	 	$	250	  	 	$	179	  	 	$	67	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Canada Mortgage Insurance segment	  	 	39	  	 	 	37	  	 	 	146	  	 	 	152	  	 	 	36	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Australia Mortgage Insurance segment	  	 	14	  	 	 	22	  	 	 	62	  	 	 	102	  	 	 	14	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
U.S. Life Insurance segment:	  				 				 				 				 				
Long Term Care Insurance	  	 	(1	) 	 	 	19	  	 	 	(200	) 	 	 	29	  	 	 	(270	)  	
Life Insurance	  	 	(193	) 	 	 	(173	) 	 	 	(83	) 	 	 	(80	) 	 	 	48	  	
Fixed Annuities	  	 	40	  	 	 	19	  	 	 	68	  	 	 	94	  	 	 	15	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	(154	) 	 	 	(135	) 	 	 	(215	) 	 	 	43	  	 	 	(207	)  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Runoff segment	  	 	6	  	 	 	11	  	 	 	28	  	 	 	27	  	 	 	12	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other	  	 	(103	) 	 	 	(58	) 	 	 	(587	) 	 	 	(248	) 	 	 	(327	)  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss)	  	$	(137	) 	 	$	(82	) 	 	$	(316	) 	 	$	255	  	 	$	(405	)  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				 				 				 				
Basic	  	$	(0.25	) 	 	$	(0.59	) 	 	$	(0.56	) 	 	$	(1.24	) 	 	$	(0.76	)  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.25	) 	 	$	(0.59	) 	 	$	(0.56	) 	 	$	(1.24	) 	 	$	(0.76	)  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss) per common share:	  				 				 				 				 				
Basic	  	$	(0.27	) 	 	$	(0.17	) 	 	$	(0.63	) 	 	$	0.51	  	 	$	(0.81	)  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.27	) 	 	$	(0.17	) 	 	$	(0.63	) 	 	$	0.51	  	 	$	(0.81	)  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average common shares outstanding:	  				 				 				 				 				
Basic	  	 	498.4	  	 	 	497.6	  	 	 	498.3	  	 	 	497.4	  	 	 	498.3	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted 5	  	 	498.4	  	 	 	497.6	  	 	 	498.3	  	 	 	497.4	  	 	 	498.3	  	

12  	For the three months ended December 31, 2016 and 2015, the years ended December 31, 2016 and 2015 and the three months ended September 30, 2016, net investment gains (losses) were adjusted for DAC and other intangible amortization and certain benefit reserves of $1 million, $(11) million, $(14) million, $(35) million and zero, respectively, and adjusted for net investment gains (losses) attributable to noncontrolling interests of $12 million, $(4) million, $20 million, $(10) million and $2 million, respectively.	
1 3  	For the year ended December 31, 2015, (gains) losses on the early extinguishment of debt were adjusted by $1 million related to the mortgage insurance business in Australia for the portion attributable to noncontrolling interests.	
 
17

Condensed Consolidated Balance Sheets
(Amounts in millions)

 	  	December 31,	 	 	December 31,	 	
 	  	2016	 	 	2015	 	
Assets	  				 				
Cash, cash equivalents and invested assets	  	$	75,012	  	 	$	75,746	  	
Deferred acquisition costs	  	 	3,571	  	 	 	4,398	  	
Intangible assets and goodwill	  	 	348	  	 	 	357	  	
Reinsurance recoverable	  	 	17,755	  	 	 	17,245	  	
Deferred tax and other assets	  	 	673	  	 	 	675	  	
Separate account assets	  	 	7,299	  	 	 	7,883	  	
Assets held for sale	  	 	—  	  	 	 	127	  	
	  	 	 	 	 	 	 	 	
Total assets	  	$	104,658	  	 	$	106,431	  	
	  	 	 	 	 	 	 	 	
Liabilities and equity	  				 				
Liabilities:	  				 				
Future policy benefits	  	$	37,063	  	 	$	36,475	  	
Policyholder account balances	  	 	25,662	  	 	 	26,209	  	
Liability for policy and contract claims	  	 	9,256	  	 	 	8,095	  	
Unearned premiums	  	 	3,378	  	 	 	3,308	  	
Deferred tax and other liabilities	  	 	2,969	  	 	 	3,028	  	
Borrowings related to securitization entities	  	 	74	  	 	 	179	  	
Non-recourse funding obligations	  	 	310	  	 	 	1,920	  	
Long-term borrowings	  	 	4,180	  	 	 	4,570	  	
Separate account liabilities	  	 	7,299	  	 	 	7,883	  	
Liabilities held for sale	  	 	—  	  	 	 	127	  	
	  	 	 	 	 	 	 	 	
Total liabilities	  	 	90,191	  	 	 	91,794	  	
	  	 	 	 	 	 	 	 	
Equity:	  				 				
Common stock	  	 	1	  	 	 	1	  	
Additional paid-in capital	  	 	11,962	  	 	 	11,949	  	
	  	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  				 				
Net unrealized investment gains (losses):	  				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	1,253	  	 	 	1,236	  	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	9	  	 	 	18	  	
	  	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	1,262	  	 	 	1,254	  	
	  	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	2,085	  	 	 	2,045	  	
Foreign currency translation and other adjustments	  	 	(253	) 	 	 	(289	) 	
	  	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)	  	 	3,094	  	 	 	3,010	  	
Retained earnings	  	 	287	  	 	 	564	  	
Treasury stock, at cost	  	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	12,644	  	 	 	12,824	  	
Noncontrolling interests	  	 	1,823	  	 	 	1,813	  	
	  	 	 	 	 	 	 	 	
Total equity	  	 	14,467	  	 	 	14,637	  	
	  	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	104,658	  	 	$	106,431	  	

18

Impact of Foreign Exchange on Adjusted Operating Income 14 
Three months ended December 31, 2016

 	  	Percentages
Including Foreign
Exchange	 	 	Percentages
Excluding Foreign
Exchange 15	 	
Canada Mortgage Insurance (MI):	  				 				
Flow new insurance written	  	 	(17	)% 	 	 	(17	)% 	
Flow new insurance written (4Q16 vs. 3Q16)	  	 	(26	)% 	 	 	(25	)% 	
			
Australia MI:	  				 				
Flow new insurance written	  	 	9	% 	 	 	2	% 	
Flow new insurance written (4Q16 vs. 3Q16)	  	 	9	% 	 	 	9	% 	

14  	All percentages are comparing the fourth quarter of 2016 to the fourth quarter of 2015 unless otherwise stated.	
15  	The impact of foreign exchange was calculated using the comparable prior period exchange rates.	
 
19

Reconciliation of Core Yield to Reported Yield

(Assets - amounts in billions)	  	Three
months ended
December 31,
2016	 	
Reported Total Invested Assets and Cash	  	$	74.4	  	
Subtract:	  				
Securities lending	  	 	0.5	  	
Unrealized gains (losses)	  	 	4.3	  	
	  	 	 	 	
Adjusted end of period invested assets	  	$	69.6	  	
	  	 	 	 	
Average Invested Assets Used in Reported Yield Calculation	  	$	69.8	  	
Subtract:	  				
Restricted commercial mortgage loans and other invested assets related to securitization entities 16	  	 	0.1	  	
	  	 	 	 	
Average Invested Assets Used in Core Yield Calculation	  	$	69.7	  	

(Income - amounts in millions)	  	 	 	
Reported Net Investment Income	  	$	786	  	
Subtract:	  				
Bond calls and commercial mortgage loan prepayments	  	 	22	  	
Other non-core items 17	  	 	(17	) 	
Restricted commercial mortgage loans and other invested assets related to securitization entities 16	  	 	2	  	
	  	 	 	 	
Core Net Investment Income	  	$	779	  	
	  	 	 	 	
Reported Yield	  	 	4.50	% 	
	  	 	 	 	
Core Yield	  	 	4.47	% 	

16  	Represents the incremental assets and investment income related to restricted commercial mortgage loans and other invested assets.	
17  	Includes cost basis adjustments on structured securities and various other immaterial items.	
 
20

Exhibit 99.2

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016

Table of Contents	  	Page	 	
Investor Letter	  	 	3	  	
Use of Non-GAAP Measures	  	 	4	  	
Results of Operations and Selected Operating Performance Measures	  	 	5	  	
Financial Highlights	  	 	6	  	
		
Consolidated Quarterly Results	  				
Consolidated Net Income (Loss) by Quarter	  	 	8	  	
Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss)	  	 	9	  	
Consolidated Balance Sheets	  	 	10-11	  	
Consolidated Balance Sheets by Segment	  	 	12-13	  	
Deferred Acquisition Costs (DAC) Rollforward	  	 	14	  	
		
Quarterly Results by Business	  				
Adjusted Operating Income and Sales—U.S. Mortgage Insurance Segment	  	 	16-22	  	
Adjusted Operating Income and Sales—Canada Mortgage Insurance Segment	  	 	24-27	  	
Adjusted Operating Income and Sales—Australia Mortgage Insurance Segment	  	 	29-32	  	
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment	  	 	34-37	  	
Adjusted Operating Income (Loss)—Runoff Segment	  	 	39	  	
Adjusted Operating Loss—Corporate and Other Activities	  	 	41	  	
		
Additional Financial Data	  				
Investments Summary	  	 	43	  	
Fixed Maturity Securities Summary	  	 	44	  	
General Account GAAP Net Investment Income Yields	  	 	45	  	
Net Investment Gains (Losses), Net—Detail	  	 	46	  	
		
Reconciliations of Non-GAAP Measures	  				
Reconciliation of Operating Return On Equity (ROE)	  	 	48	  	
Reconciliation of Core Yield	  	 	49	  	
		
Corporate Information	  				
Financial Strength Ratings	  	 	51	  	
Note:
Unless otherwise stated, all references in this financial supplement to income (loss) from continuing operations, income (loss) from continuing operations per share, net income (loss), net income (loss) per share, adjusted operating income (loss) - formerly labeled “net operating income (loss),” adjusted operating income (loss) per common share, book value and book value per common share should be read as income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders, income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share, net income (loss) available to Genworth Financial, Inc.’s common stockholders, net income (loss) available to Genworth Financial, Inc.’s common stockholders per share, non-U.S. Generally Accepted Accounting Principles (GAAP) adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders, non-GAAP adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders per share, book value available to Genworth Financial, Inc.’s common stockholders and book value available to Genworth Financial, Inc.’s common stockholders per share, respectively.
 
2

 GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
Dear Investor,
Thank you for your continued interest in Genworth Financial.
Regards,
Investor Relations
InvestorInfo@genworth.com
 
3

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 Use of Non-GAAP Measures
This financial supplement includes the non-GAAP financial measures entitled “adjusted operating income (loss)” and “adjusted operating income (loss) per common share.” Adjusted operating income (loss) per common share is derived from adjusted operating income (loss). The chief operating decision maker evaluates segment performance and allocates resources on the basis of adjusted operating income (loss). The company defines adjusted operating income (loss) as income (loss) from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for certain blocks of business. The company excludes net investment gains (losses) and infrequent or unusual non-operating items because the company does not consider them to be related to the operating performance of the company’s segments and Corporate and Other activities. A component of the company’s net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and restructuring costs are also excluded from adjusted operating income (loss) because, in the company’s opinion, they are not indicative of overall operating trends. Infrequent or unusual non-operating items are also excluded from adjusted operating income (loss) if, in the company’s opinion, they are not indicative of overall operating trends.
While some of these items may be significant components of net income (loss) available to Genworth Financial, Inc.’s common stockholders in accordance with GAAP, the company believes that adjusted operating income (loss) and measures that are derived from or incorporate adjusted operating income (loss), including adjusted operating income (loss) per common share on a basic and diluted basis, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses adjusted operating income (loss) as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. However, the items excluded from adjusted operating income (loss) have occurred in the past and could, and in some cases will, recur in the future. Adjusted operating income (loss) and adjusted operating income (loss) per common share on a basic and diluted basis are not substitutes for net income (loss) available to Genworth Financial, Inc.’s common stockholders or net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share on a basic and diluted basis determined in accordance with GAAP. In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies.
Adjustments to reconcile net income (loss) attributable to Genworth Financial, Inc.’s common stockholders and adjusted operating income (loss) assume a 35% tax rate (unless otherwise indicated) and are net of the portion attributable to noncontrolling interests. Net investment gains (losses) are also adjusted for DAC and other intangible amortization and certain benefit reserves (see page 46).
In June 2016, the company completed the sale of its term life insurance new business platform and recorded a pre-tax gain of $12 million. In May 2016, the company completed the sale of its mortgage insurance business in Europe and recorded an additional pre-tax loss of $2 million. In the first quarter of 2016, the company recorded an estimated pre-tax loss of $7 million and a tax benefit of $27 million related to the planned sale of the mortgage insurance business in Europe. The company also recognized an estimated pre-tax loss of $140 million in the fourth quarter of 2015 for the planned sale of this business. The company also incurred a $6 million tax benefit in the fourth quarter of 2015 related to the planned sale as well as a tax charge of $7 million in the third quarter of 2015 from potential business portfolio changes related to this business. These transactions were excluded from adjusted operating income (loss) for the periods presented as they related to a gain (loss) on the sale of businesses.
In June 2016, the company settled restricted borrowings of $70 million related to a securitization entity and recorded a $64 million pre-tax gain related to the early extinguishment of debt. In January 2016, the company paid a pre-tax make-whole expense of $20 million related to the early redemption of Genworth Holdings, Inc.’s (Genworth Holdings) 2016 notes. The company also repurchased $28 million principal amount of Genworth Holdings’ notes with various maturity dates for a pre-tax gain of $4 million in the first quarter of 2016. In the third quarter of 2015, the company paid an early redemption payment of approximately $1 million, net of the portion attributable to noncontrolling interests, related to the early redemption of Genworth Financial Mortgage Insurance Pty Limited’s notes that were scheduled to mature in 2021. In the third quarter of 2015, the company also repurchased approximately $50 million principal amount of Genworth Holdings’ notes with various maturity dates for a pre-tax loss of $1 million. These transactions were excluded from adjusted operating income (loss) for the periods presented as they related to a gain (loss) on the early extinguishment of debt.
In the first quarter of 2016, the company completed a life block transaction resulting in a pre-tax loss of $9 million in connection with the early extinguishment of non-recourse funding obligations. In the third quarter of 2015, the company recorded a pre-tax DAC impairment of $455 million on certain term life insurance policies in connection with entering into an agreement to complete a life block transaction.
In the third, second and first quarters of 2016, the company recorded a pre-tax expense of $2 million, $5 million and $15 million, respectively, related to restructuring costs as part of an expense reduction plan as the company evaluates and appropriately sizes its organizational needs and expenses. In the fourth and second quarters of 2015, the company also recorded a pre-tax expense of $5 million and $3 million, respectively, related to restructuring costs.
There were no infrequent or unusual items excluded from adjusted operating income (loss) during the periods presented other than fees incurred during the first quarter of 2016 related to Genworth Holdings’ bond consent solicitation of $18 million for broker, advisor and investment banking fees.
The table on page 9 of this financial supplement provides a reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) for the periods presented and reflects adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting. The financial supplement includes other non-GAAP measures management believes enhances the understanding and comparability of performance by highlighting underlying business activity and profitability drivers. These additional non-GAAP measures are on pages 48 and 49 of this financial supplement.
 
4

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Results of Operations and Selected Operating Performance Measures
The company’s chief operating decision maker evaluates segment performance and allocates resources on the basis of adjusted operating income (loss). The table on page 9 of this financial supplement provides a reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) for the periods presented and reflects adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting.
This financial supplement contains selected operating performance measures including “sales” and “insurance in-force” or “risk in-force” which are commonly used in the insurance industry as measures of operating performance.
Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) new insurance written for mortgage insurance; (2) annualized first-year premiums for long-term care and term life insurance products; (3) annualized first-year deposits plus 5% of excess deposits for universal and term universal life insurance products; (4) 10% of premium deposits for linked-benefits products; and (5) new and additional premiums/deposits for fixed annuities. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers new insurance written, annualized first-year premiums/deposits, premium equivalents and new premiums/deposits to be a measure of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company’s revenues or profitability during that period.
Management regularly monitors and reports insurance in-force and risk in-force. Insurance in-force for the mortgage insurance businesses is a measure of the aggregate original loan balance for outstanding insurance policies as of the respective reporting date. Risk in-force for the U.S. mortgage insurance business is based on the coverage percentage applied to the estimated current outstanding loan balance. For risk in-force in the mortgage insurance businesses in Canada and Australia, the company has computed an “effective” risk in-force amount, which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor of 35% that represents the highest expected average per-claim payment for any one underwriting year over the life of the company’s mortgage insurance businesses in Canada and Australia. In Australia, the company has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100% coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor. The company considers insurance in-force and risk in-force to be measures of the company’s operating performance because they represent measures of the size of the business at a specific date which will generate revenues and profits in a future period, rather than measures of the company’s revenues or profitability during that period.
Management also regularly monitors and reports a loss ratio for the company’s businesses. For the mortgage insurance businesses, the loss ratio is the ratio of incurred losses and loss adjustment expenses to net earned premiums. For the long-term care insurance business, the loss ratio is the ratio of benefits and other changes in reserves less tabular interest on reserves less loss adjustment expenses to net earned premiums. The company considers the loss ratio to be a measure of underwriting performance in these businesses and helps to enhance the understanding of the operating performance of the businesses.
These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
 
5

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Financial Highlights
(amounts in millions, except per share data)

Balance Sheet Data	  	December 31,
2016	 	 	September 30,
2016	 	  	June 30,
2016	 	  	March 31,
2016	 	 	December 31,
2015	 	
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	  	$	9,550	  	 	$	9,669	  	  	$	10,045	  	  	$	9,870	  	 	$	9,814	  	
Total accumulated other comprehensive income	  	 	3,094	  	 	 	5,202	  	  	 	5,088	  	  	 	4,185	  	 	 	3,010	  	
	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	$	12,644	  	 	$	14,871	  	  	$	15,133	  	  	$	14,055	  	 	$	12,824	  	
	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Book value per common share	  	$	25.37	  	 	$	29.84	  	  	$	30.37	  	  	$	28.19	  	 	$	25.76	  	
Book value per common share, excluding accumulated other comprehensive income	  	$	19.16	  	 	$	19.40	  	  	$	20.16	  	  	$	19.80	  	 	$	19.71	  	
Common shares outstanding as of the balance sheet date	  	 	498.4	  	 	 	498.4	  	  	 	498.3	  	  	 	498.5	  	 	 	497.8	  	
		
 	  	Twelve months ended	 	
Twelve Month Rolling Average ROE	  	December 31,
2016	 	 	September 30,
2016	 	  	June 30,
2016	 	  	March 31,
2016	 	 	December 31,
2015	 	
GAAP Basis ROE	  	 	-2.8	% 	 	 	-4.5%	  	  	 	-3.5%	  	  	 	-7.0	% 	 	 	-6.0	% 	
Operating ROE (1)	  	 	-3.2	% 	 	 	-2.6%	  	  	 	2.1%	  	  	 	2.0	% 	 	 	  2.5	% 	
		
 	  	Three months ended	 	
Quarterly Average ROE	  	December 31,
2016	 	 	September 30,
2016	 	  	June 30,
2016	 	  	March 31,
2016	 	 	December 31,
2015	 	
GAAP Basis ROE	  	 	-5.1	% 	 	 	-15.4%	  	  	 	6.9%	  	  	 	2.2	% 	 	 	-11.7	% 	
Operating ROE (1)	  	 	-5.7	% 	 	 	-16.4%	  	  	 	4.9%	  	  	 	4.2	% 	 	 	  -3.3	% 	

Basic and Diluted Shares	  	Three months ended
December 31, 2016	 	  	Twelve months ended
December 31, 2016	 	
Weighted-average common shares used in basic earnings per common share calculations	  	 	498.4	  	  	 	498.3	  	
Potentially dilutive securities:	  				  				
Stock options, restricted stock units and stock appreciation rights (2)	  	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	
Weighted-average common shares used in diluted earnings per common share calculations	  	 	498.4	  	  	 	498.3	  	

(1)  	See page 48 herein for a reconciliation of GAAP Basis ROE to Operating ROE.	
(2)	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations for the three and twelve months ended December 31, 2016, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three and twelve months ended December 31, 2016, as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 2.5 million and 2.0 million, respectively, would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations for the three and twelve months ended December 31, 2016, dilutive potential weighted-average common shares outstanding would have been 500.9 million and 500.3 million, respectively.	
 
6

 
Consolidated Quarterly Results
 
7

 GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
Consolidated Net Income (Loss) by Quarter
(amounts in millions, except per share amounts)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	1,131	  	  	$	1,108	  	 	$	1,127	  	 	$	794	  	 	$	4,160	  	 	$	1,157	  	 	$	1,145	  	 	$	1,134	  	 	$	1,143	  	 	$	4,579	  	
Net investment income	  	 	786	  	  	 	805	  	 	 	779	  	 	 	789	  	 	 	3,159	  	 	 	781	  	 	 	783	  	 	 	793	  	 	 	781	  	 	 	3,138	  	
Net investment gains (losses)	  	 	41	  	  	 	20	  	 	 	30	  	 	 	(19	) 	 	 	72	  	 	 	(16	) 	 	 	(51	) 	 	 	8	  	 	 	(16	) 	 	 	(75	) 	
Policy fees and other income	  	 	240	  	  	 	217	  	 	 	300	  	 	 	221	  	 	 	978	  	 	 	234	  	 	 	223	  	 	 	222	  	 	 	227	  	 	 	906	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	2,198	  	  	 	2,150	  	 	 	2,236	  	 	 	1,785	  	 	 	8,369	  	 	 	2,156	  	 	 	2,100	  	 	 	2,157	  	 	 	2,135	  	 	 	8,548	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,530	  	  	 	1,662	  	 	 	1,193	  	 	 	860	  	 	 	5,245	  	 	 	1,435	  	 	 	1,290	  	 	 	1,232	  	 	 	1,192	  	 	 	5,149	  	
Interest credited	  	 	173	  	  	 	173	  	 	 	173	  	 	 	177	  	 	 	696	  	 	 	180	  	 	 	179	  	 	 	181	  	 	 	180	  	 	 	720	  	
Acquisition and operating expenses, net of deferrals	  	 	283	  	  	 	269	  	 	 	327	  	 	 	394	  	 	 	1,273	  	 	 	433	  	 	 	314	  	 	 	295	  	 	 	267	  	 	 	1,309	  	
Amortization of deferred acquisition costs and intangibles	  	 	193	  	  	 	94	  	 	 	112	  	 	 	99	  	 	 	498	  	 	 	207	  	 	 	563	  	 	 	101	  	 	 	95	  	 	 	966	  	
Interest expense	  	 	75	  	  	 	77	  	 	 	80	  	 	 	105	  	 	 	337	  	 	 	104	  	 	 	105	  	 	 	103	  	 	 	107	  	 	 	419	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,254	  	  	 	2,275	  	 	 	1,885	  	 	 	1,635	  	 	 	8,049	  	 	 	2,359	  	 	 	2,451	  	 	 	1,912	  	 	 	1,841	  	 	 	8,563	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(56	) 	  	 	(125	) 	 	 	351	  	 	 	150	  	 	 	320	  	 	 	(203	) 	 	 	(351	) 	 	 	245	  	 	 	294	  	 	 	(15	) 	
Provision (benefit) for income taxes	  	 	3	  	  	 	222	  	 	 	110	  	 	 	23	  	 	 	358	  	 	 	(36	) 	 	 	(134	) 	 	 	70	  	 	 	91	  	 	 	(9	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(59	) 	  	 	(347	) 	 	 	241	  	 	 	127	  	 	 	(38	) 	 	 	(167	) 	 	 	(217	) 	 	 	175	  	 	 	203	  	 	 	(6	) 	
Income (loss) from discontinued operations, net of taxes (1)	  	 	(4	) 	  	 	15	  	 	 	(21	) 	 	 	(19	) 	 	 	(29	) 	 	 	(73	) 	 	 	(21	) 	 	 	(314	) 	 	 	1	  	 	 	(407	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	(63	) 	  	 	(332	) 	 	 	220	  	 	 	108	  	 	 	(67	) 	 	 	(240	) 	 	 	(238	) 	 	 	(139	) 	 	 	204	  	 	 	(413	) 	
Less: net income attributable to noncontrolling interests	  	 	59	  	  	 	48	  	 	 	48	  	 	 	55	  	 	 	210	  	 	 	52	  	 	 	46	  	 	 	54	  	 	 	50	  	 	 	202	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	$  (122	) 	  	$	(380	) 	 	$	172	  	 	$	53	  	 	$	(277	) 	 	$	(292	) 	 	$	(284	) 	 	$	(193	) 	 	$	154	  	 	$	(615	) 	

Earnings (Loss) Per Share Data:	  				  				 				 				 				 				 				 				 				 				
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				 				 				 				 				 				 				 				
Basic	  	$	(0.24	) 	  	$	(0.79	) 	 	$	0.39	  	 	$	0.14	  	 	$	(0.50	) 	 	$	(0.44	) 	 	$	(0.53	) 	 	$	0.24	  	 	$	0.31	  	 	$	(0.42	) 	
Diluted	  	$	(0.24	) 	  	$	(0.79	) 	 	$	0.39	  	 	$	0.14	  	 	$	(0.50	) 	 	$	(0.44	) 	 	$	(0.53	) 	 	$	0.24	  	 	$	0.31	  	 	$	(0.42	) 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				 				 				 				 				 				 				 				
Basic	  	$	(0.25	) 	  	$	(0.76	) 	 	$	0.35	  	 	$	0.11	  	 	$	(0.56	) 	 	$	(0.59	) 	 	$	(0.57	) 	 	$	(0.39	) 	 	$	0.31	  	 	$	(1.24	) 	
Diluted	  	$	(0.25	) 	  	$	(0.76	) 	 	$	0.34	  	 	$	0.11	  	 	$	(0.56	) 	 	$	(0.59	) 	 	$	(0.57	) 	 	$	(0.39	) 	 	$	0.31	  	 	$	(1.24	) 	
Weighted-average common shares outstanding	  				  				 				 				 				 				 				 				 				 				
Basic	  	 	498.4	  	  	 	498.3	  	 	 	498.5	  	 	 	498.0	  	 	 	498.3	  	 	 	497.6	  	 	 	497.4	  	 	 	497.4	  	 	 	497.0	  	 	 	497.4	  	
Diluted (2)	  	 	498.4	  	  	 	498.3	  	 	 	500.4	  	 	 	499.4	  	 	 	498.3	  	 	 	497.6	  	 	 	497.4	  	 	 	499.3	  	 	 	498.9	  	 	 	497.4	  	

(1)  	Income (loss) from discontinued operations related to the lifestyle protection business that was sold on December 1, 2015. During the fourth, third, second and first quarters of 2016, the company recorded an additional after-tax gain (loss) of approximately $(4) million, $15 million, $(21) million and $(19) million, respectively, as it finalized the closing balance sheet purchase price adjustments.	
(2)  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 2.5 million, 2.2 million, 1.4 million and 1.3 million, respectively, for the three months ended December 31, 2016, September 30, 2016, December 31, 2015 and September 30, 2015 and 2.0 million and 1.6 million, respectively, for the twelve months ended December 31, 2016 and December 31, 2015 would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations in these periods, dilutive potential weighted-average common shares outstanding would have been 500.9 million, 500.5 million, 499.0 million and 498.7 million, respectively, for the three months ended December 31, 2016, September 30, 2016, December 31, 2015 and September 30, 2015 and 500.3 million and 499.0 million, respectively, for the twelve months ended December 31, 2016 and December 31, 2015.	
 
8

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss)
(amounts in millions, except per share amounts)

 	 	2016	 	 	2015	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	$	(122	) 	 	$	(380	) 	 	$	172	  	 	$	53	  	 	$	(277	) 	 	$	(292	) 	 	$	(284	) 	 	$	(193	) 	 	$	154	  	 	$	(615	) 	
Add: net income attributable to noncontrolling interests	 	 	59	  	 	 	48	  	 	 	48	  	 	 	55	  	 	 	210	  	 	 	52	  	 	 	46	  	 	 	54	  	 	 	50	  	 	 	202	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	 	 	(63	) 	 	 	(332	) 	 	 	220	  	 	 	108	  	 	 	(67	) 	 	 	(240	) 	 	 	(238	) 	 	 	(139	) 	 	 	204	  	 	 	(413	) 	
Income (loss) from discontinued operations, net of taxes	 	 	(4	) 	 	 	15	  	 	 	(21	) 	 	 	(19	) 	 	 	(29	) 	 	 	(73	) 	 	 	(21	) 	 	 	(314	) 	 	 	1	  	 	 	(407	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	(59	) 	 	 	(347	) 	 	 	241	  	 	 	127	  	 	 	(38	) 	 	 	(167	) 	 	 	(217	) 	 	 	175	  	 	 	203	  	 	 	(6	) 	
Less: income from continuing operations attributable to noncontrolling interests	 	 	59	  	 	 	48	  	 	 	48	  	 	 	55	  	 	 	210	  	 	 	52	  	 	 	46	  	 	 	54	  	 	 	50	  	 	 	202	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	 	(118	) 	 	 	(395	) 	 	 	193	  	 	 	72	  	 	 	(248	) 	 	 	(219	) 	 	 	(263	) 	 	 	121	  	 	 	153	  	 	 	(208	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	 	 	(28	) 	 	 	(18	) 	 	 	(39	) 	 	 	19	  	 	 	(66	) 	 	 	1	  	 	 	33	  	 	 	(5	) 	 	 	1	  	 	 	30	  	
(Gains) losses on sale of businesses	 	 	—  	  	 	 	—  	  	 	 	(10	) 	 	 	7	  	 	 	(3	) 	 	 	140	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	140	  	
(Gains) losses on early extinguishment of debt, net (2)	 	 	—  	  	 	 	—  	  	 	 	(64	) 	 	 	16	  	 	 	(48	) 	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	2	  	
Losses from life block transactions	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	9	  	 	 	9	  	 	 	—  	  	 	 	455	  	 	 	—  	  	 	 	—  	  	 	 	455	  	
Expenses related to restructuring	 	 	—  	  	 	 	2	  	 	 	5	  	 	 	15	  	 	 	22	  	 	 	5	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	8	  	
Fees associated with bond consent solicitation	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	18	  	 	 	18	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Taxes on adjustments	 	 	9	  	 	 	6	  	 	 	38	  	 	 	(53	) 	 	 	—  	  	 	 	(9	) 	 	 	(163	) 	 	 	—  	  	 	 	—  	  	 	 	(172	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	 	$	(137	) 	 	$	(405	) 	 	$	123	  	 	$	103	  	 	$	(316	) 	 	$	(82	) 	 	$	64	  	 	$	119	  	 	$	154	  	 	$	255	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS):	 			 	 				 				 				 				 				 				 				 				 				
U.S. Mortgage Insurance segment	 	$	61	  	 	$	67	  	 	$	61	  	 	$	61	  	 	$	250	  	 	$	41	  	 	$	37	  	 	$	49	  	 	$	52	  	 	$	179	  	
Canada Mortgage Insurance segment	 	 	39	  	 	 	36	  	 	 	38	  	 	 	33	  	 	 	146	  	 	 	37	  	 	 	38	  	 	 	37	  	 	 	40	  	 	 	152	  	
Australia Mortgage Insurance segment	 	 	14	  	 	 	14	  	 	 	15	  	 	 	19	  	 	 	62	  	 	 	22	  	 	 	21	  	 	 	29	  	 	 	30	  	 	 	102	  	
U.S. Life Insurance segment:	 			 	 				 				 				 				 				 				 				 				 				
Long-Term Care Insurance	 	 	(1	) 	 	 	(270	) 	 	 	37	  	 	 	34	  	 	 	(200	) 	 	 	19	  	 	 	(10	) 	 	 	10	  	 	 	10	  	 	 	29	  	
Life Insurance	 	 	(193	) 	 	 	48	  	 	 	31	  	 	 	31	  	 	 	(83	) 	 	 	(173	) 	 	 	31	  	 	 	22	  	 	 	40	  	 	 	(80	) 	
Fixed Annuities	 	 	40	  	 	 	15	  	 	 	(13	) 	 	 	26	  	 	 	68	  	 	 	19	  	 	 	19	  	 	 	25	  	 	 	31	  	 	 	94	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	 	 	(154	) 	 	 	(207	) 	 	 	55	  	 	 	91	  	 	 	(215	) 	 	 	(135	) 	 	 	40	  	 	 	57	  	 	 	81	  	 	 	43	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Runoff segment	 	 	6	  	 	 	12	  	 	 	6	  	 	 	4	  	 	 	28	  	 	 	11	  	 	 	(4	) 	 	 	9	  	 	 	11	  	 	 	27	  	
Corporate and Other	 	 	(103	) 	 	 	(327	) 	 	 	(52	) 	 	 	(105	) 	 	 	(587	) 	 	 	(58	) 	 	 	(68	) 	 	 	(62	) 	 	 	(60	) 	 	 	(248	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	 	$	(137	) 	 	$	(405	) 	 	$	123	  	 	$	103	  	 	$	(316	) 	 	$	(82	) 	 	$	64	  	 	$	119	  	 	$	154	  	 	$	255	  	

Earnings (Loss) Per Share Data:	 				 				 				 				 				 				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share	 				 				 				 				 				 				
Basic	 	$	(0.25	) 	 	$	(0.76	) 	 	$	0.35	  	 	$	0.11	  	 	$	(0.56	) 	 	$	(0.59	) 	 	$	(0.57	) 	 	$	(0.39	) 	 	$	0.31	  	 	$	(1.24	) 	
Diluted	 	$	(0.25	) 	 	$	(0.76	) 	 	$	0.34	  	 	$	0.11	  	 	$	(0.56	) 	 	$	(0.59	) 	 	$	(0.57	) 	 	$	(0.39	) 	 	$	0.31	  	 	$	(1.24	) 	
Adjusted operating income (loss) per common share	 				 				 				 				 				 				 				 				 				 				
Basic	 	$	(0.27	) 	 	$	(0.81	) 	 	$	0.25	  	 	$	0.21	  	 	$	(0.63	) 	 	$	(0.17	) 	 	$	0.13	  	 	$	0.24	  	 	$	0.31	  	 	$	0.51	  	
Diluted	 	$	(0.27	) 	 	$	(0.81	) 	 	$	0.25	  	 	$	0.21	  	 	$	(0.63	) 	 	$	(0.17	) 	 	$	0.13	  	 	$	0.24	  	 	$	0.31	  	 	$	0.51	  	
Weighted-average common shares outstanding	 				 				 				 				 				 				 				 				 				 				
Basic	 	 	498.4	  	 	 	498.3	  	 	 	498.5	  	 	 	498.0	  	 	 	498.3	  	 	 	497.6	  	 	 	497.4	  	 	 	497.4	  	 	 	497.0	  	 	 	497.4	  	
Diluted (3)	 	 	498.4	  	 	 	498.3	  	 	 	500.4	  	 	 	499.4	  	 	 	498.3	  	 	 	497.6	  	 	 	497.4	  	 	 	499.3	  	 	 	498.9	  	 	 	497.4	  	

(1)  	Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests and DAC and other intangible amortization and certain benefit reserves (see page 46 for reconciliation).	
(2)  	For the three months ended September 30, 2015, losses on early extinguishment of debt were adjusted by $1 million related to the mortgage insurance business in Australia for the portion attributable to noncontrolling interests.	
(3)  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 2.5 million, 2.2 million, 1.4 million and 1.3 million, respectively, for the three months ended December 31, 2016, September 30, 2016, December 31, 2015 and September 30, 2015 and 2.0 million and 1.6 million, respectively, for the twelve months ended December 31, 2016 and December 31, 2015 would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations in these periods, dilutive potential weighted-average common shares outstanding would have been 500.9 million, 500.5 million, 499.0 million and 498.7 million, respectively, for the three months ended December 31, 2016, September 30, 2016, December 31, 2015 and September 30, 2015 and 500.3 million and 499.0 million, respectively, for the twelve months ended December 31, 2016 and December 31, 2015. Since it had adjusted operating income for the three months ended September 30, 2015 and the twelve months ended December 31, 2015, the company used 498.7 million and 499.0 million, respectively, diluted weighted-average common shares outstanding in the calculation of diluted adjusted operating income per common share.	
 
9

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Consolidated Balance Sheets
(amounts in millions)

 	 	December 31,
2016	 	  	September 30,
2016	 	  	June 30,
2016	 	  	March 31,
2016	 	  	December 31,
2015	 	
ASSETS	 			 	  				  				  				  				
Investments:	 			 	  				  				  				  				
Fixed maturity securities available-for-sale, at fair value	 	$	60,572	  	  	$	63,780	  	  	$	62,828	  	  	$	60,290	  	  	$	58,197	  	
Equity securities available-for-sale, at fair value	 	 	632	  	  	 	590	  	  	 	481	  	  	 	431	  	  	 	310	  	
Commercial mortgage loans	 	 	6,111	  	  	 	6,017	  	  	 	6,121	  	  	 	6,179	  	  	 	6,170	  	
Restricted commercial mortgage loans related to securitization entities	 	 	129	  	  	 	134	  	  	 	141	  	  	 	155	  	  	 	161	  	
Policy loans	 	 	1,742	  	  	 	1,751	  	  	 	1,754	  	  	 	1,565	  	  	 	1,568	  	
Other invested assets	 	 	2,071	  	  	 	2,676	  	  	 	2,510	  	  	 	2,923	  	  	 	2,309	  	
Restricted other invested assets related to securitization entities	 	 	312	  	  	 	312	  	  	 	312	  	  	 	422	  	  	 	413	  	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total investments	 	 	71,569	  	  	 	75,260	  	  	 	74,147	  	  	 	71,965	  	  	 	69,128	  	
Cash and cash equivalents	 	 	2,784	  	  	 	3,078	  	  	 	3,457	  	  	 	4,043	  	  	 	5,965	  	
Accrued investment income	 	 	659	  	  	 	677	  	  	 	601	  	  	 	720	  	  	 	653	  	
Deferred acquisition costs	 	 	3,571	  	  	 	3,982	  	  	 	4,046	  	  	 	4,235	  	  	 	4,398	  	
Intangible assets and goodwill	 	 	348	  	  	 	258	  	  	 	267	  	  	 	291	  	  	 	357	  	
Reinsurance recoverable	 	 	17,755	  	  	 	17,542	  	  	 	17,564	  	  	 	17,587	  	  	 	17,245	  	
Other assets	 	 	673	  	  	 	570	  	  	 	640	  	  	 	577	  	  	 	520	  	
Deferred tax asset	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	155	  	
Separate account assets	 	 	7,299	  	  	 	7,485	  	  	 	7,484	  	  	 	7,624	  	  	 	7,883	  	
Assets held for sale (1)	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	131	  	  	 	127	  	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total assets	 	$	104,658	  	  	$	108,852	  	  	$	108,206	  	  	$	107,173	  	  	$	106,431	  	

 

(1)  	Assets held for sale related to the European mortgage insurance business (prior to its sale on May 9, 2016).	
 
10

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Consolidated Balance Sheets
(amounts in millions)

 	  	December 31,
2016	 	  	September 30,
2016	 	 	June 30,
2016	 	 	March 31,
2016	 	 	December 31,
2015	 	
LIABILITIES AND EQUITY	  			 	  				 				 				 				
Liabilities:	  			 	  				 				 				 				
Future policy benefits	  	$	37,063	  	  	$	37,405	  	 	$	37,154	  	 	$	36,776	  	 	$	36,475	  	
Policyholder account balances	  	 	25,662	  	  	 	25,867	  	 	 	26,182	  	 	 	26,354	  	 	 	26,209	  	
Liability for policy and contract claims	  	 	9,256	  	  	 	8,869	  	 	 	8,289	  	 	 	8,177	  	 	 	8,095	  	
Unearned premiums	  	 	3,378	  	  	 	3,464	  	 	 	3,412	  	 	 	3,378	  	 	 	3,308	  	
Other liabilities	  	 	2,916	  	  	 	3,280	  	 	 	3,197	  	 	 	3,596	  	 	 	3,004	  	
Borrowings related to securitization entities	  	 	74	  	  	 	78	  	 	 	85	  	 	 	173	  	 	 	179	  	
Non-recourse funding obligations	  	 	310	  	  	 	310	  	 	 	310	  	 	 	310	  	 	 	1,920	  	
Long-term borrowings	  	 	4,180	  	  	 	4,194	  	 	 	4,191	  	 	 	4,232	  	 	 	4,570	  	
Deferred tax liability	  	 	53	  	  	 	1,151	  	 	 	893	  	 	 	449	  	 	 	24	  	
Separate account liabilities	  	 	7,299	  	  	 	7,485	  	 	 	7,484	  	 	 	7,624	  	 	 	7,883	  	
Liabilities held for sale (1)	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	131	  	 	 	127	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	90,191	  	  	 	92,103	  	 	 	91,197	  	 	 	91,200	  	 	 	91,794	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	  			 	  				 				 				 				
Common stock	  	 	1	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	
Additional paid-in capital	  	 	11,962	  	  	 	11,959	  	 	 	11,955	  	 	 	11,952	  	 	 	11,949	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  			 	  				 				 				 				
Net unrealized investment gains (losses):	  			 	  				 				 				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	1,253	  	  	 	2,836	  	 	 	2,770	  	 	 	2,043	  	 	 	1,236	  	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	9	  	  	 	24	  	 	 	19	  	 	 	14	  	 	 	18	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	1,262	  	  	 	2,860	  	 	 	2,789	  	 	 	2,057	  	 	 	1,254	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	2,085	  	  	 	2,493	  	 	 	2,439	  	 	 	2,302	  	 	 	2,045	  	
Foreign currency translation and other adjustments	  	 	(253	) 	  	 	(151	) 	 	 	(140	) 	 	 	(174	) 	 	 	(289	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income	  	 	3,094	  	  	 	5,202	  	 	 	5,088	  	 	 	4,185	  	 	 	3,010	  	
Retained earnings	  	 	287	  	  	 	409	  	 	 	789	  	 	 	617	  	 	 	564	  	
Treasury stock, at cost	  	 	(2,700	) 	  	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	12,644	  	  	 	14,871	  	 	 	15,133	  	 	 	14,055	  	 	 	12,824	  	
Noncontrolling interests	  	 	1,823	  	  	 	1,878	  	 	 	1,876	  	 	 	1,918	  	 	 	1,813	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	  	 	14,467	  	  	 	16,749	  	 	 	17,009	  	 	 	15,973	  	 	 	14,637	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	104,658	  	  	$	108,852	  	 	$	108,206	  	 	$	107,173	  	 	$	106,431	  	

 

(1)  	Liabilities held for sale related to the European mortgage insurance business (prior to its sale on May 9, 2016).	
 
11

FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Consolidated Balance Sheet by Segment
(amounts in millions)

 	 	December 31, 2016	 	
 	 	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	 	U.S. Life
Insurance	 	 	Runoff	 	 	Corporate and
Other (1) 	 	 	Total	 	
ASSETS	 				 				 				 				 				 				 				
Cash and investments	 	$	2,587	  	 	$	4,686	  	 	$	2,562	  	 	$	61,251	  	 	$	2,961	  	 	$	965	  	 	$	75,012	  	
Deferred acquisition costs and intangible assets	 	 	44	  	 	 	137	  	 	 	45	  	 	 	3,430	  	 	 	255	  	 	 	8	  	 	 	3,919	  	
Reinsurance recoverable	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	16,907	  	 	 	846	  	 	 	—  	  	 	 	17,755	  	
Other assets	 	 	41	  	 	 	61	  	 	 	12	  	 	 	345	  	 	 	(9	) 	 	 	223	  	 	 	673	  	
Separate account assets	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	7,299	  	 	 	—  	  	 	 	7,299	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	$	2,674	  	 	$	4,884	  	 	$	2,619	  	 	$	81,933	  	 	$	11,352	  	 	$	1,196	  	 	$	104,658	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	 				 				 				 				 				 				 				
Liabilities:	 				 				 				 				 				 				 				
Future policy benefits	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	37,060	  	 	$	3	  	 	$	—  	  	 	$	37,063	  	
Policyholder account balances	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	22,285	  	 	 	3,377	  	 	 	—  	  	 	 	25,662	  	
Liability for policy and contract claims	 	 	635	  	 	 	112	  	 	 	211	  	 	 	8,276	  	 	 	15	  	 	 	7	  	 	 	9,256	  	
Unearned premiums	 	 	342	  	 	 	1,595	  	 	 	850	  	 	 	586	  	 	 	5	  	 	 	—  	  	 	 	3,378	  	
Non-recourse funding obligations	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	310	  	 	 	—  	  	 	 	—  	  	 	 	310	  	
Deferred tax and other liabilities	 	 	(373	) 	 	 	137	  	 	 	95	  	 	 	2,436	  	 	 	(30	) 	 	 	704	  	 	 	2,969	  	
Borrowings and capital securities	 	 	—  	  	 	 	322	  	 	 	142	  	 	 	—  	  	 	 	12	  	 	 	3,778	  	 	 	4,254	  	
Separate account liabilities	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	7,299	  	 	 	—  	  	 	 	7,299	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	604	  	 	 	2,166	  	 	 	1,298	  	 	 	70,953	  	 	 	10,681	  	 	 	4,489	  	 	 	90,191	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	 				 				 				 				 				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	 	 	2,065	  	 	 	1,751	  	 	 	575	  	 	 	7,712	  	 	 	670	  	 	 	(3,223	) 	 	 	9,550	  	
Allocated accumulated other comprehensive income (loss)	 	 	5	  	 	 	(186	) 	 	 	76	  	 	 	3,268	  	 	 	1	  	 	 	(70	) 	 	 	3,094	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	 	 	2,070	  	 	 	1,565	  	 	 	651	  	 	 	10,980	  	 	 	671	  	 	 	(3,293	) 	 	 	12,644	  	
Noncontrolling interests	 	 	—  	  	 	 	1,153	  	 	 	670	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1,823	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	 	 	2,070	  	 	 	2,718	  	 	 	1,321	  	 	 	10,980	  	 	 	671	  	 	 	(3,293	) 	 	 	14,467	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	 	$	2,674	  	 	$	4,884	  	 	$	2,619	  	 	$	81,933	  	 	$	11,352	  	 	$	1,196	  	 	$	104,658	  	

(1)	Includes inter-segment eliminations and other businesses that are managed outside the operating segments.	
 
12

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	September 30, 2016	 	
 	  	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	  	U.S. Life
Insurance	 	  	Runoff	 	 	Corporate and
Other (1) 	 	 	Total	 	
ASSETS	  				 				 				  				  				 				 				
Cash and investments	  	$	2,582	  	 	$	4,796	  	 	$	2,731	  	  	$	64,157	  	  	$	3,003	  	 	$	1,746	  	 	$	79,015	  	
Deferred acquisition costs and intangible assets	  	 	43	  	 	 	140	  	 	 	50	  	  	 	3,746	  	  	 	253	  	 	 	8	  	 	 	4,240	  	
Reinsurance recoverable	  	 	2	  	 	 	—  	  	 	 	—  	  	  	 	16,736	  	  	 	804	  	 	 	—  	  	 	 	17,542	  	
Other assets	  	 	40	  	 	 	47	  	 	 	13	  	  	 	377	  	  	 	(42	) 	 	 	135	  	 	 	570	  	
Separate account assets	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	7,485	  	 	 	—  	  	 	 	7,485	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	2,667	  	 	$	4,983	  	 	$	2,794	  	  	$	85,016	  	  	$	11,503	  	 	$	1,889	  	 	$	108,852	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	  				 				 				  				  				 				 				
Liabilities:	  				 				 				  				  				 				 				
Future policy benefits	  	$	—  	  	 	$	—  	  	 	$	—  	  	  	$	37,402	  	  	$	3	  	 	$	—  	  	 	$	37,405	  	
Policyholder account balances	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	22,436	  	  	 	3,431	  	 	 	—  	  	 	 	25,867	  	
Liability for policy and contract claims	  	 	658	  	 	 	112	  	 	 	215	  	  	 	7,861	  	  	 	16	  	 	 	7	  	 	 	8,869	  	
Unearned premiums	  	 	329	  	 	 	1,628	  	 	 	922	  	  	 	579	  	  	 	6	  	 	 	—  	  	 	 	3,464	  	
Non-recourse funding obligations	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	310	  	  	 	—  	  	 	 	—  	  	 	 	310	  	
Deferred tax and other liabilities	  	 	(409	) 	 	 	140	  	 	 	114	  	  	 	3,531	  	  	 	(65	) 	 	 	1,120	  	 	 	4,431	  	
Borrowings and capital securities	  	 	—  	  	 	 	330	  	 	 	150	  	  	 	—  	  	  	 	11	  	 	 	3,781	  	 	 	4,272	  	
Separate account liabilities	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	7,485	  	 	 	—  	  	 	 	7,485	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	578	  	 	 	2,210	  	 	 	1,401	  	  	 	72,119	  	  	 	10,887	  	 	 	4,908	  	 	 	92,103	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Equity:	  				 				 				  				  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	2,049	  	 	 	1,716	  	 	 	544	  	  	 	7,713	  	  	 	612	  	 	 	(2,965	) 	 	 	9,669	  	
Allocated accumulated other comprehensive income (loss)	  	 	40	  	 	 	(115	) 	 	 	143	  	  	 	5,184	  	  	 	4	  	 	 	(54	) 	 	 	5,202	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	2,089	  	 	 	1,601	  	 	 	687	  	  	 	12,897	  	  	 	616	  	 	 	(3,019	) 	 	 	14,871	  	
Noncontrolling interests	  	 	—  	  	 	 	1,172	  	 	 	706	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1,878	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total equity	  	 	2,089	  	 	 	2,773	  	 	 	1,393	  	  	 	12,897	  	  	 	616	  	 	 	(3,019	) 	 	 	16,749	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	2,667	  	 	$	4,983	  	 	$	2,794	  	  	$	85,016	  	  	$	11,503	  	 	$	1,889	  	 	$	108,852	  	

(1)  	Includes inter-segment eliminations and other businesses that are managed outside the operating segments.	
 
13

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Deferred Acquisition Costs Rollforward
(amounts in millions)

 	  	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	 	U.S. Life
Insurance (1) 	 	 	Runoff (2) 	 	 	Corporate and
Other	 	  	Total	 	
Unamortized balance as of September 30, 2016	  	$	27	  	 	$	123	  	 	$	34	  	 	$	4,011	  	 	$	249	  	 	$	—  	  	  	$	4,444	  	
Costs deferred	  	 	3	  	 	 	11	  	 	 	2	  	 	 	10	  	 	 	—  	  	 	 	—  	  	  	 	26	  	
Amortization, net of interest accretion	  	 	(2	) 	 	 	(10	) 	 	 	(3	) 	 	 	(205	) 	 	 	(4	) 	 	 	—  	  	  	 	(224	) 	
Impact of foreign currency translation	  	 	—  	  	 	 	(3	) 	 	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	(5	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Unamortized balance as of December 31, 2016	  	 	28	  	 	 	121	  	 	 	31	  	 	 	3,816	  	 	 	245	  	 	 	—  	  	  	 	4,241	  	
Effect of accumulated net unrealized investment (gains) losses	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(667	) 	 	 	(3	) 	 	 	—  	  	  	 	(670	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Balance as of December 31, 2016	  	$	28	  	 	$	121	  	 	$	31	  	 	$	3,149	  	 	$	242	  	 	$	—  	  	  	$	3,571	  	

(1)	Amortization, net of interest accretion, included $5 million of amortization related to net investment losses for the policyholder account balances.	
(2)	Amortization, net of interest accretion, included $4 million of amortization related to net investment gains for the policyholder account balances.	
 
14

 
U.S. Mortgage Insurance Segment
 
15

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Adjusted Operating Income and Sales—U.S. Mortgage Insurance Segment
(amounts in millions)

 	 	2016	 	 	2015	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	171	  	 	$	169	  	 	$	160	  	 	$	160	  	 	$	660	  	 	$	153	  	 	$	146	  	 	$	153	  	 	$	150	  	 	$	602	  	
Net investment income	 	 	17	  	 	 	16	  	 	 	15	  	 	 	15	  	 	 	63	  	 	 	14	  	 	 	12	  	 	 	13	  	 	 	19	  	 	 	58	  	
Net investment gains (losses)	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
Policy fees and other income	 	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	4	  	 	 	1	  	 	 	2	  	 	 	—  	  	 	 	1	  	 	 	4	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	189	  	 	 	186	  	 	 	176	  	 	 	175	  	 	 	726	  	 	 	168	  	 	 	161	  	 	 	166	  	 	 	170	  	 	 	665	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	48	  	 	 	36	  	 	 	38	  	 	 	38	  	 	 	160	  	 	 	59	  	 	 	63	  	 	 	50	  	 	 	50	  	 	 	222	  	
Acquisition and operating expenses, net of deferrals	 	 	42	  	 	 	45	  	 	 	41	  	 	 	39	  	 	 	167	  	 	 	42	  	 	 	38	  	 	 	38	  	 	 	37	  	 	 	155	  	
Amortization of deferred acquisition costs and intangibles	 	 	4	  	 	 	3	  	 	 	2	  	 	 	3	  	 	 	12	  	 	 	3	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	10	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	94	  	 	 	84	  	 	 	81	  	 	 	80	  	 	 	339	  	 	 	104	  	 	 	104	  	 	 	90	  	 	 	89	  	 	 	387	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	95	  	 	 	102	  	 	 	95	  	 	 	95	  	 	 	387	  	 	 	64	  	 	 	57	  	 	 	76	  	 	 	81	  	 	 	278	  	
Provision for income taxes	 	 	34	  	 	 	36	  	 	 	34	  	 	 	34	  	 	 	138	  	 	 	23	  	 	 	20	  	 	 	27	  	 	 	29	  	 	 	99	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	61	  	 	 	66	  	 	 	61	  	 	 	61	  	 	 	249	  	 	 	41	  	 	 	37	  	 	 	49	  	 	 	52	  	 	 	179	  	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Expenses related to restructuring	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Taxes on adjustments	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME	 	$	61	  	 	$	67	  	 	$	61	  	 	$	61	  	 	$	250	  	 	$	41	  	 	$	37	  	 	$	49	  	 	$	52	  	 	$	179	  	

											
SALES:	 				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	 				 				 				 				 				 				 				 				 				 				
Flow	 	$	11,100	  	 	$	12,800	  	 	$	11,400	  	 	$	7,400	  	 	$	42,700	  	 	$	7,800	  	 	$	9,300	  	 	$	8,200	  	 	$	6,300	  	 	$	31,600	  	
Bulk	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Mortgage Insurance NIW	 	$	11,100	  	 	$	12,800	  	 	$	11,400	  	 	$	7,400	  	 	$	42,700	  	 	$	7,800	  	 	$	9,300	  	 	$	8,200	  	 	$	6,300	  	 	$	31,600	  	

 
16

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Flow New Insurance Written Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	 	2016	 	 	2015	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
 	 	Flow
NIW	 	 	Premium
Rate
(bps)	 	 	Flow
NIW	 	 	Premium
Rate
(bps)	 	 	Flow
NIW	 	 	Premium
Rate
(bps)	 	 	Flow
NIW	 	 	Premium
Rate
(bps)	 	 	Flow
NIW	 	 	Premium
Rate
(bps)	 	 	Flow
NIW	 	 	Premium
Rate
(bps)	 	 	Flow
NIW	 	 	Premium
Rate
(bps)	 	 	Flow
NIW	 	 	Premium
Rate
(bps)	 	
Product	 				 			 	 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Monthly (1)	 	$	8,800	  	 	 	53	  	 	$	10,000	  	 	 	54	  	 	$	8,400	  	 	 	55	  	 	$	5,400	  	 	 	59	  	 	$	5,900	  	 	 	60	  	 	$	7,000	  	 	 	60	  	 	$	6,500	  	 	 	60	  	 	$	4,400	  	 	 	60	  	
Single	 	 	2,300	  	 	 	162	  	 	 	2,800	  	 	 	167	  	 	 	3,000	  	 	 	161	  	 	 	2,000	  	 	 	164	  	 	 	1,900	  	 	 	168	  	 	 	2,300	  	 	 	171	  	 	 	1,700	  	 	 	172	  	 	 	1,900	  	 	 	160	  	
	 	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total Flow	 	$	11,100	  	 			 	 	$	12,800	  	 				 	$	11,400	  	 				 	$	7,400	  	 				 	$	7,800	  	 				 	$	9,300	  	 				 	$	8,200	  	 				 	$	6,300	  	 				

 	 	Flow
NIW	 	 	% of
Flow
NIW	 	 	Flow
NIW	 	 	% of
Flow
NIW	 	 	Flow
NIW	 	 	% of
Flow
NIW	 	 	Flow
NIW	 	 	% of
Flow
NIW	 	 	Flow
NIW	 	 	% of
Flow
NIW	 	 	Flow
NIW	 	 	% of
Flow
NIW	 	 	Flow
NIW	 	 	% of
Flow
NIW	 	 	Flow
NIW	 	 	% of
Flow
NIW	 	
FICO Scores	 				 			 	 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Over 735	 	$	7,000	  	 	 	63	% 	 	$	8,100	  	 	 	63	% 	 	$	7,100	  	 	 	62	% 	 	$	4,400	  	 	 	60	% 	 	$	4,600	  	 	 	59	% 	 	$	5,500	  	 	 	59	% 	 	$	5,000	  	 	 	61	% 	 	$	3,700	  	 	 	59	% 	
680-735	 	 	3,300	  	 	 	30	  	 	 	3,800	  	 	 	30	  	 	 	3,400	  	 	 	30	  	 	 	2,400	  	 	 	32	  	 	 	2,500	  	 	 	32	  	 	 	3,000	  	 	 	32	  	 	 	2,500	  	 	 	30	  	 	 	2,100	  	 	 	33	  	
660-679 (2)	 	 	500	  	 	 	4	  	 	 	500	  	 	 	4	  	 	 	500	  	 	 	4	  	 	 	300	  	 	 	4	  	 	 	400	  	 	 	5	  	 	 	500	  	 	 	6	  	 	 	400	  	 	 	5	  	 	 	300	  	 	 	5	  	
620-659	 	 	300	  	 	 	3	  	 	 	400	  	 	 	3	  	 	 	400	  	 	 	4	  	 	 	300	  	 	 	4	  	 	 	300	  	 	 	4	  	 	 	300	  	 	 	3	  	 	 	300	  	 	 	4	  	 	 	200	  	 	 	3	  	
<620	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	 	$	11,100	  	 	 	100	% 	 	$	12,800	  	 	 	100	% 	 	$	11,400	  	 	 	100	% 	 	$	7,400	  	 	 	100	% 	 	$	7,800	  	 	 	100	% 	 	$	9,300	  	 	 	100	% 	 	$	8,200	  	 	 	100	% 	 	$	6,300	  	 	 	100	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loan-To-Value Ratio	 				 			 	 				 				 				 				 				 				 				 				 				 				 				 				 				 				
95.01% and above	 	$	1,000	  	 	 	9	% 	 	$	1,000	  	 	 	8	% 	 	$	700	  	 	 	6	% 	 	$	400	  	 	 	5	% 	 	$	400	  	 	 	5	% 	 	$	500	  	 	 	5	% 	 	$	400	  	 	 	5	% 	 	$	300	  	 	 	5	% 	
90.01% to 95.00%	 	 	5,000	  	 	 	45	  	 	 	6,100	  	 	 	48	  	 	 	5,900	  	 	 	52	  	 	 	3,700	  	 	 	50	  	 	 	4,000	  	 	 	51	  	 	 	4,900	  	 	 	53	  	 	 	4,200	  	 	 	51	  	 	 	3,100	  	 	 	49	  	
85.01% to 90.00%	 	 	3,400	  	 	 	31	  	 	 	4,000	  	 	 	31	  	 	 	3,400	  	 	 	30	  	 	 	2,400	  	 	 	33	  	 	 	2,500	  	 	 	32	  	 	 	3,000	  	 	 	32	  	 	 	2,600	  	 	 	32	  	 	 	2,000	  	 	 	32	  	
85.00% and below	 	 	1,700	  	 	 	15	  	 	 	1,700	  	 	 	13	  	 	 	1,400	  	 	 	12	  	 	 	900	  	 	 	12	  	 	 	900	  	 	 	12	  	 	 	900	  	 	 	10	  	 	 	1,000	  	 	 	12	  	 	 	900	  	 	 	14	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	 	$	11,100	  	 	 	100	% 	 	$	12,800	  	 	 	100	% 	 	$	11,400	  	 	 	100	% 	 	$	7,400	  	 	 	100	% 	 	$	7,800	  	 	 	100	% 	 	$	9,300	  	 	 	100	% 	 	$	8,200	  	 	 	100	% 	 	$	6,300	  	 	 	100	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Origination	 				 			 	 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Purchase	 	$	8,400	  	 	 	76	% 	 	$	10,500	  	 	 	82	% 	 	$	9,400	  	 	 	82	% 	 	$	6,000	  	 	 	81	% 	 	$	6,500	  	 	 	83	% 	 	$	8,100	  	 	 	87	% 	 	$	6,500	  	 	 	79	% 	 	$	4,300	  	 	 	68	% 	
Refinance	 	 	2,700	  	 	 	24	  	 	 	2,300	  	 	 	18	  	 	 	2,000	  	 	 	18	  	 	 	1,400	  	 	 	19	  	 	 	1,300	  	 	 	17	  	 	 	1,200	  	 	 	13	  	 	 	1,700	  	 	 	21	  	 	 	2,000	  	 	 	32	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	 	$	11,100	  	 	 	100	% 	 	$	12,800	  	 	 	100	% 	 	$	11,400	  	 	 	100	% 	 	$	7,400	  	 	 	100	% 	 	$	7,800	  	 	 	100	% 	 	$	9,300	  	 	 	100	% 	 	$	8,200	  	 	 	100	% 	 	$	6,300	  	 	 	100	% 	

 

(1)  	Includes loans with annual and split payment types.	
(2)  	Loans with unknown FICO scores are included in the 660-679 category.	
 
17

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Other Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	185	  	  	$	193	  	 	$	190	  	 	$	176	  	 	$	744	  	 	$	171	  	 	$	171	  	 	$	170	  	 	$	170	  	 	$	682	  	
	 										
New Risk Written	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	2,673	  	  	$	3,188	  	 	$	2,865	  	 	$	1,845	  	 	$	10,571	  	 	$	1,964	  	 	$	2,364	  	 	$	2,040	  	 	$	1,557	  	 	$	7,925	  	
Bulk	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	2,673	  	  	 	3,188	  	 	 	2,865	  	 	 	1,845	  	 	 	10,571	  	 	 	1,964	  	 	 	2,364	  	 	 	2,040	  	 	 	1,557	  	 	 	7,925	  	
Pool	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total New Risk Written	  	$	2,673	  	  	$	3,188	  	 	$	2,865	  	 	$	1,845	  	 	$	10,571	  	 	$	1,964	  	 	$	2,364	  	 	$	2,040	  	 	$	1,557	  	 	$	7,925	  	

Primary Insurance In-Force (1) 	  	$	137,500	  	  	$	133,700	  	 	$	128,400	  	 	$	124,100	  	 				 	$	122,400	  	 	$	120,400	  	 	$	117,100	  	 	$	115,200	  	 				
	 										
Risk In-Force	  			 	  				 				 				 				 				 				 				 				 				
Flow (2)	  	$	32,891	  	  	$	32,067	  	 	$	30,760	  	 	$	29,620	  	 				 	$	29,142	  	 	$	28,563	  	 	$	27,623	  	 	$	27,025	  	 				
Bulk (3)	  	 	278	  	  	 	290	  	 	 	314	  	 	 	318	  	 				 	 	326	  	 	 	349	  	 	 	360	  	 	 	387	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	  	 	33,169	  	  	 	32,357	  	 	 	31,074	  	 	 	29,938	  	 				 	 	29,468	  	 	 	28,912	  	 	 	27,983	  	 	 	27,412	  	 				
Pool	  	 	100	  	  	 	104	  	 	 	111	  	 	 	116	  	 				 	 	120	  	 	 	129	  	 	 	137	  	 	 	142	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-Force	  	$	33,269	  	  	$	32,461	  	 	$	31,185	  	 	$	30,054	  	 				 	$	29,588	  	 	$	29,041	  	 	$	28,120	  	 	$	27,554	  	 				

Primary Risk In-Force That Is GSE Conforming	  	 	95	% 	  	 	96	% 	 	 	96	% 	 	 	96	% 	 				 	 	96	% 	 	 	97	% 	 	 	97	% 	 	 	97	% 	 				
	 										
Expense Ratio (Net Earned Premiums) (4) 	  	 	27	% 	  	 	28	% 	 	 	27	% 	 	 	26	% 	 	 	27	% 	 	 	29	% 	 	 	28	% 	 	 	26	% 	 	 	26	% 	 	 	27	% 	
	 										
Expense Ratio (Net Premiums Written) (5) 	  	 	25	% 	  	 	24	% 	 	 	23	% 	 	 	24	% 	 	 	24	% 	 	 	26	% 	 	 	24	% 	 	 	23	% 	 	 	23	% 	 	 	24	% 	
	 										
Flow Persistency	  	 	78	% 	  	 	77	% 	 	 	77	% 	 	 	82	% 	 				 	 	81	% 	 	 	80	% 	 	 	79	% 	 	 	81	% 	 				
	 										
Risk To Capital Ratio (6) 	  	 	14.4:1	  	  	 	15.0:1	  	 	 	15.0:1	  	 	 	15.3:1	  	 				 	 	16.3:1	  	 	 	14.3:1	  	 	 	13.7:1	  	 	 	14.1:1	  	 				
	 										
PMIERs Sufficiency Ratio (7) 	  	 	115	% 	  	 	117	% 	 	 	115	% 	 	 	113	% 	 				 	 	109	% 	 	 	NA	  	 	 	NA	  	 	 	NA	  	 				
	 										
Average Primary Loan Size (in thousands)	  	$	196	  	  	$	195	  	 	$	192	  	 	$	189	  	 				 	$	188	  	 	$	186	  	 	$	184	  	 	$	182	  	 				
The expense ratios included above were calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.

(1)	Primary insurance in-force represents aggregate loan balances for outstanding insurance policies and is used to determine premiums. Original loan balances are presented for policies with level renewal premiums. Amortized loan balances are presented for policies with annual, amortizing renewal premiums.	
(2)	Flow risk in-force represents current loan balances as provided by servicers, lenders and investors and conform to the presentation under the Private Mortgage Insurer Eligibility Requirements (PMIERs).	
(3)	As of December 31, 2016, 89% of the bulk risk in-force was related to loans financed by lenders who participated in the mortgage programs sponsored by the Federal Home Loan Banks.	
(4)	The ratio of an insurer’s general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.	
(5)	The ratio of an insurer’s general expenses to net premiums written. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.	
(6)	Certain states limit a private mortgage insurer’s risk in-force to 25 times the total of the insurer’s policyholders’ surplus plus the statutory contingency reserve, commonly known as the “risk to capital” requirement. The current period risk to capital ratio is an estimate due to the timing of the filing of statutory statements and is prepared consistent with the presentation of the statutory financial statements in the combined annual statement of the U.S. mortgage insurance business.	
(7)	PMIERs became effective December 31, 2015. The PMIERs sufficiency ratio is calculated as available assets divided by required assets as defined within PMIERs. The current period PMIERs sufficiency ratio is an estimate due to the timing of the PMIERs filing for the U.S. mortgage insurance business. As of December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016 and December 31, 2015, the PMIERs sufficiency ratios were in excess of $350 million, $400 million, $350 million, $300 million and $200 million, respectively, of available assets above the PMIERs requirements.	
 
18

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Loss Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				 				 				 				 				 				 				 				 				
Flow	  			 	  				 				 				 				 				 				 				 				 				
Direct (1)	  	$	65	  	  	$	80	  	 	$	94	  	 	$	112	  	 	$	351	  	 	$	158	  	 	$	98	  	 	$	131	  	 	$	130	  	 	$	517	  	
Assumed (2)	  	 	1	  	  	 	1	  	 	 	1	  	 	 	2	  	 	 	5	  	 	 	1	  	 	 	3	  	 	 	4	  	 	 	5	  	 	 	13	  	
Ceded	  	 	—  	  	  	 	—  	  	 	 	(1	) 	 	 	(3	) 	 	 	(4	) 	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	(16	) 	 	 	(18	) 	
Loss adjustment expenses	  	 	3	  	  	 	2	  	 	 	3	  	 	 	3	  	 	 	11	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	4	  	 	 	13	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	 	69	  	  	 	83	  	 	 	97	  	 	 	114	  	 	 	363	  	 	 	161	  	 	 	104	  	 	 	137	  	 	 	123	  	 	 	525	  	
Bulk	  	 	1	  	  	 	1	  	 	 	1	  	 	 	2	  	 	 	5	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	2	  	 	 	6	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	70	  	  	 	84	  	 	 	98	  	 	 	116	  	 	 	368	  	 	 	162	  	 	 	105	  	 	 	139	  	 	 	125	  	 	 	531	  	
Pool	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	3	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	71	  	  	$	84	  	 	$	99	  	 	$	116	  	 	$	370	  	 	$	163	  	 	$	105	  	 	$	140	  	 	$	126	  	 	$	534	  	

Average Paid Claim (in thousands) (3) 	  	$	50.0	  	  	$	53.6	  	 	$	50.8	  	 	$	51.9	  	 				 	$	63.6	  	 	$	54.0	  	 	$	50.8	  	 	$	46.5	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	25.1	  	  	$	25.9	  	 	$	27.8	  	 	$	28.3	  	 				 	$	27.2	  	 	$	29.4	  	 	$	30.6	  	 	$	31.0	  	 				
Bulk loans with established reserve	  	 	18.5	  	  	 	18.8	  	 	 	21.1	  	 	 	21.2	  	 				 	 	19.9	  	 	 	20.0	  	 	 	21.5	  	 	 	21.2	  	 				
	 										
Reserves:	  			 	  				 				 				 				 				 				 				 				 				
Flow direct case	  	$	579	  	  	$	599	  	 	$	640	  	 	$	698	  	 				 	$	775	  	 	$	870	  	 	$	909	  	 	$	992	  	 				
Bulk direct case	  	 	13	  	  	 	14	  	 	 	14	  	 	 	15	  	 				 	 	17	  	 	 	17	  	 	 	18	  	 	 	20	  	 				
Assumed (2)	  	 	5	  	  	 	6	  	 	 	6	  	 	 	7	  	 				 	 	8	  	 	 	9	  	 	 	12	  	 	 	15	  	 				
All other (4)	  	 	38	  	  	 	39	  	 	 	47	  	 	 	48	  	 				 	 	49	  	 	 	57	  	 	 	57	  	 	 	60	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Reserves	  	$	635	  	  	$	658	  	 	$	707	  	 	$	768	  	 				 	$	849	  	 	$	953	  	 	$	996	  	 	$	1,087	  	 				

Beginning Reserves	  	$	658	  	  	$	707	  	 	$	768	  	 	$	849	  	 	$	849	  	 	$	953	  	 	$	996	  	 	$	1,087	  	 	$	1,180	  	 	$	1,180	  	
Paid claims (1)	  	 	(71	) 	  	 	(84	) 	 	 	(99	) 	 	 	(119	) 	 	 	(373	) 	 	 	(164	) 	 	 	(105	) 	 	 	(141	) 	 	 	(142	) 	 	 	(552	) 	
Increase in reserves	  	 	48	  	  	 	35	  	 	 	38	  	 	 	38	  	 	 	159	  	 	 	60	  	 	 	62	  	 	 	50	  	 	 	49	  	 	 	221	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	635	  	  	$	658	  	 	$	707	  	 	$	768	  	 	$	635	  	 	$	849	  	 	$	953	  	 	$	996	  	 	$	1,087	  	 	$	849	  	

Beginning Reinsurance Recoverable (5) 	  	$	2	  	  	$	2	  	 	$	2	  	 	$	5	  	 	$	5	  	 	$	6	  	 	$	6	  	 	$	7	  	 	$	24	  	 	$	24	  	
Ceded paid claims	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(3	) 	 	 	(3	) 	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	(16	) 	 	 	(18	) 	
Decrease in recoverable	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reinsurance Recoverable	  	$	2	  	  	$	2	  	 	$	2	  	 	$	2	  	 	$	2	  	 	$	5	  	 	$	6	  	 	$	6	  	 	$	7	  	 	$	5	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (6) 	  	 	28	% 	  	 	21	% 	 	 	24	% 	 	 	24	% 	 	 	24	% 	 	 	39	% 	 	 	43	% 	 	 	33	% 	 	 	33	% 	 	 	37	% 	
The loss ratio included above was calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

(1)  	Direct paid claims and paid claims in the fourth quarter of 2015 included payment of a previously disclosed negotiated servicer settlement reached in 2014 and payment in relation to an agreement on non-performing loans.	
(2)  	Assumed is comprised of reinsurance arrangements with state governmental housing finance agencies.	
(3)  	Average paid claim in the fourth quarter of 2015 reflected the non-recurring payment to extinguish the risk on prior paid claims pursuant to a previously disclosed servicer settlement reached in 2014.	
(4)  	Other includes loss adjustment expenses, pool and incurred but not reported reserves.	
(5)  	Reinsurance recoverable excludes ceded unearned premium recoveries and amounts for which cash proceeds have not yet been received.	
(6)  	The ratio of incurred losses and loss adjustment expenses to net earned premiums.	
 
19

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Delinquency Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Number of Primary Delinquencies	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	 	24,631	  	  	 	24,720	  	 	 	24,753	  	 	 	26,491	  	 				 	 	30,416	  	 	 	31,678	  	 	 	31,876	  	 	 	34,220	  	 				
Bulk loans with an established reserve	  	 	756	  	  	 	778	  	 	 	732	  	 	 	776	  	 				 	 	889	  	 	 	917	  	 	 	908	  	 	 	984	  	 				
Bulk loans with no reserve (1)	  	 	322	  	  	 	305	  	 	 	313	  	 	 	335	  	 				 	 	358	  	 	 	394	  	 	 	415	  	 	 	461	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Number of Primary Delinquencies	  	 	25,709	  	  	 	25,803	  	 	 	25,798	  	 	 	27,602	  	 				 	 	31,663	  	 	 	32,989	  	 	 	33,199	  	 	 	35,665	  	 				

Beginning Number of Primary Delinquencies	  	 	25,803	  	  	 	25,798	  	 	 	27,602	  	 	 	31,663	  	 	 	31,663	  	 	 	32,989	  	 	 	33,199	  	 	 	35,665	  	 	 	39,786	  	 	 	39,786	  	
New delinquencies	  	 	9,504	  	  	 	9,609	  	 	 	8,265	  	 	 	8,761	  	 	 	36,139	  	 	 	10,043	  	 	 	10,192	  	 	 	9,061	  	 	 	9,554	  	 	 	38,850	  	
Delinquency cures	  	 	(8,201	) 	  	 	(8,043	) 	 	 	(8,137	) 	 	 	(10,602	) 	 	 	(34,983	) 	 	 	(8,835	) 	 	 	(8,484	) 	 	 	(8,800	) 	 	 	(10,988	) 	 	 	(37,107	) 	
Paid claims	  	 	(1,397	) 	  	 	(1,561	) 	 	 	(1,932	) 	 	 	(2,220	) 	 	 	(7,110	) 	 	 	(2,534	) 	 	 	(1,918	) 	 	 	(2,727	) 	 	 	(2,687	) 	 	 	(9,866	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Number of Primary Delinquencies	  	 	25,709	  	  	 	25,803	  	 	 	25,798	  	 	 	27,602	  	 	 	25,709	  	 	 	31,663	  	 	 	32,989	  	 	 	33,199	  	 	 	35,665	  	 	 	31,663	  	

Composition of Cures	  			 	  				 				 				 				 				 				 				 				 				
Reported delinquent and cured-intraquarter	  	 	1,742	  	  	 	1,798	  	 	 	1,597	  	 	 	2,503	  	 				 	 	1,740	  	 	 	1,805	  	 	 	1,658	  	 	 	2,271	  	 				
Number of missed payments delinquent prior to cure:	  			 	  				 				 				 				 				 				 				 				 				
3 payments or less	  	 	4,660	  	  	 	4,276	  	 	 	4,335	  	 	 	5,775	  	 				 	 	5,005	  	 	 	4,630	  	 	 	4,260	  	 	 	6,112	  	 				
4 - 11 payments	  	 	1,301	  	  	 	1,413	  	 	 	1,577	  	 	 	1,443	  	 				 	 	1,330	  	 	 	1,487	  	 	 	2,250	  	 	 	1,912	  	 				
12 payments or more	  	 	498	  	  	 	556	  	 	 	628	  	 	 	881	  	 				 	 	760	  	 	 	562	  	 	 	632	  	 	 	693	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	8,201	  	  	 	8,043	  	 	 	8,137	  	 	 	10,602	  	 				 	 	8,835	  	 	 	8,484	  	 	 	8,800	  	 	 	10,988	  	 				

Primary Delinquencies by Missed Payment Status	  			 	  				 				 				 				 				 				 				 				 				
3 payments or less	  	 	9,703	  	  	 	9,405	  	 	 	8,529	  	 	 	8,395	  	 				 	 	10,487	  	 	 	10,226	  	 	 	9,432	  	 	 	9,271	  	 				
4 - 11 payments	  	 	6,548	  	  	 	6,212	  	 	 	6,323	  	 	 	7,254	  	 				 	 	7,577	  	 	 	7,376	  	 	 	7,824	  	 	 	9,086	  	 				
12 payments or more	  	 	9,458	  	  	 	10,186	  	 	 	10,946	  	 	 	11,953	  	 				 	 	13,599	  	 	 	15,387	  	 	 	15,943	  	 	 	17,308	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Delinquencies	  	 	25,709	  	  	 	25,803	  	 	 	25,798	  	 	 	27,602	  	 				 	 	31,663	  	 	 	32,989	  	 	 	33,199	  	 	 	35,665	  	 				

	  	 	 	 	  				 				 				 				 				 				 				 				 				
								
 	  	December 31, 2016	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Delinquencies and Percentage
Reserved by Payment Status	  	Delinquencies	 	  	Direct Case
Reserves (2) 	 	 	Risk In-Force	 	 	Reserves as % of
Risk In-Force	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
3 payments or less in default	  	 	9,355	  	  	$	49	  	 	$	382	  	 	 	13	% 	 				 				 				 				 				 				
4 - 11 payments in default	  	 	6,364	  	  	 	147	  	 	 	268	  	 	 	55	% 	 				 				 				 				 				 				
12 payments or more in default	  	 	8,912	  	  	 	383	  	 	 	434	  	 	 	88	% 	 				 				 				 				 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 				 				 				 				 				
Total	  	 	24,631	  	  	$	579	  	 	$	1,084	  	 	 	53	% 	 				 				 				 				 				 				

 	  	December 31, 2015	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Delinquencies and Percentage
Reserved by Payment Status	  	Delinquencies	 	  	Direct Case
Reserves (2) 	 	 	Risk In-Force	 	 	Reserves as % of
Risk In-Force	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
3 payments or less in default	  	 	10,103	  	  	$	52	  	 	$	405	  	 	 	13	% 	 				 				 				 				 				 				
4 - 11 payments in default	  	 	7,366	  	  	 	180	  	 	 	307	  	 	 	59	% 	 				 				 				 				 				 				
12 payments or more in default	  	 	12,947	  	  	 	543	  	 	 	638	  	 	 	85	% 	 				 				 				 				 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 				 				 				 				 				
Total	  	 	30,416	  	  	$	775	  	 	$	1,350	  	 	 	57	% 	 				 				 				 				 				 				

(1)	Reserves were not established on loans where the company was in a secondary loss position due to an existing deductible and the company believes currently have no risk for claim.	
(2)	Direct flow case reserves exclude loss adjustment expenses, incurred but not reported and reinsurance reserves.	
 
20

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
Primary Loans	  			 	  				 				 				 				 				 				 				
Primary loans in-force	  	 	699,841	  	  	 	686,789	  	 	 	668,951	  	 	 	655,300	  	 	 	651,668	  	 	 	647,126	  	 	 	636,640	  	 	 	631,591	  	
Primary delinquent loans	  	 	25,709	  	  	 	25,803	  	 	 	25,798	  	 	 	27,602	  	 	 	31,663	  	 	 	32,989	  	 	 	33,199	  	 	 	35,665	  	
Primary delinquency rate	  	 	3.67	% 	  	 	3.76	% 	 	 	3.86	% 	 	 	4.21	% 	 	 	4.86	% 	 	 	5.10	% 	 	 	5.21	% 	 	 	5.65	% 	
	 								
Flow loans in-force	  	 	678,168	  	  	 	665,821	  	 	 	647,100	  	 	 	632,010	  	 	 	627,349	  	 	 	620,430	  	 	 	608,615	  	 	 	601,472	  	
Flow delinquent loans	  	 	24,631	  	  	 	24,720	  	 	 	24,753	  	 	 	26,491	  	 	 	30,416	  	 	 	31,678	  	 	 	31,876	  	 	 	34,220	  	
Flow delinquency rate	  	 	3.63	% 	  	 	3.71	% 	 	 	3.83	% 	 	 	4.19	% 	 	 	4.85	% 	 	 	5.11	% 	 	 	5.24	% 	 	 	5.69	% 	
	 								
Bulk loans in-force	  	 	21,673	  	  	 	20,968	  	 	 	21,851	  	 	 	23,290	  	 	 	24,319	  	 	 	26,696	  	 	 	28,025	  	 	 	30,119	  	
Bulk delinquent loans	  	 	1,078	  	  	 	1,083	  	 	 	1,045	  	 	 	1,111	  	 	 	1,247	  	 	 	1,311	  	 	 	1,323	  	 	 	1,445	  	
Bulk delinquency rate	  	 	4.97	% 	  	 	5.17	% 	 	 	4.78	% 	 	 	4.77	% 	 	 	5.13	% 	 	 	4.91	% 	 	 	4.72	% 	 	 	4.80	% 	
	 								
A minus and sub-prime loans in-force	  	 	23,063	  	  	 	24,281	  	 	 	25,552	  	 	 	26,995	  	 	 	28,332	  	 	 	29,745	  	 	 	31,051	  	 	 	33,805	  	
A minus and sub-prime delinquent loans	  	 	5,252	  	  	 	5,306	  	 	 	5,220	  	 	 	5,546	  	 	 	6,448	  	 	 	6,642	  	 	 	6,530	  	 	 	7,019	  	
A minus and sub-prime delinquency rate	  	 	22.77	% 	  	 	21.85	% 	 	 	20.43	% 	 	 	20.54	% 	 	 	22.76	% 	 	 	22.33	% 	 	 	21.03	% 	 	 	20.76	% 	
	 								
Pool Loans	  			 	  				 				 				 				 				 				 				
Pool loans in-force	  	 	5,742	  	  	 	5,896	  	 	 	6,196	  	 	 	6,406	  	 	 	6,620	  	 	 	7,284	  	 	 	7,709	  	 	 	7,979	  	
Pool delinquent loans	  	 	325	  	  	 	343	  	 	 	356	  	 	 	369	  	 	 	386	  	 	 	426	  	 	 	447	  	 	 	468	  	
Pool delinquency rate	  	 	5.66	% 	  	 	5.82	% 	 	 	5.75	% 	 	 	5.76	% 	 	 	5.83	% 	 	 	5.85	% 	 	 	5.80	% 	 	 	5.87	% 	
	 								
Primary Risk In-Force by Credit Quality	  			 	  				 				 				 				 				 				 				
Over 735	  	 	55	% 	  	 	55	% 	 	 	54	% 	 	 	53	% 	 	 	53	% 	 	 	52	% 	 	 	52	% 	 	 	52	% 	
680-735	  	 	31	% 	  	 	31	% 	 	 	32	% 	 	 	32	% 	 	 	31	% 	 	 	31	% 	 	 	31	% 	 	 	31	% 	
660-679 (1)	  	 	6	% 	  	 	6	% 	 	 	6	% 	 	 	6	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	
620-659	  	 	6	% 	  	 	6	% 	 	 	6	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	
< 620	  	 	2	% 	  	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	

(1)  	Loans with unknown FICO scores are included in the 660-679 category.	
 
21

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	December 31, 2016	 	
Policy Year	  	Average
Rate (1) 	 	 	% of Total
Reserves (2) 	 	 	Primary
Insurance In-Force	 	  	% of Total	 	 	Primary
Risk In-Force	 	  	% of Total	 	 	Delinquency
Rate	 	
2004 and prior	  	 	6.02	% 	 	 	11.3	% 	 	$	2,957	  	  	 	2.2	% 	 	$	580	  	  	 	1.7	% 	 	 	14.02	% 	
2005	  	 	5.62	% 	 	 	10.8	  	 	 	2,688	  	  	 	2.0	  	 	 	650	  	  	 	2.0	  	 	 	13.14	% 	
2006	  	 	5.77	% 	 	 	16.5	  	 	 	4,729	  	  	 	3.4	  	 	 	1,113	  	  	 	3.3	  	 	 	13.08	% 	
2007	  	 	5.70	% 	 	 	34.7	  	 	 	12,371	  	  	 	9.0	  	 	 	2,845	  	  	 	8.6	  	 	 	11.84	% 	
2008	  	 	5.25	% 	 	 	16.5	  	 	 	10,286	  	  	 	7.5	  	 	 	2,407	  	  	 	7.3	  	 	 	6.58	% 	
2009	  	 	4.95	% 	 	 	0.8	  	 	 	1,201	  	  	 	0.9	  	 	 	258	  	  	 	0.8	  	 	 	2.63	% 	
2010	  	 	4.68	% 	 	 	0.7	  	 	 	1,577	  	  	 	1.1	  	 	 	360	  	  	 	1.1	  	 	 	1.91	% 	
2011	  	 	4.53	% 	 	 	0.7	  	 	 	2,188	  	  	 	1.6	  	 	 	522	  	  	 	1.6	  	 	 	1.67	% 	
2012	  	 	3.84	% 	 	 	0.8	  	 	 	5,823	  	  	 	4.2	  	 	 	1,429	  	  	 	4.3	  	 	 	0.84	% 	
2013	  	 	4.03	% 	 	 	1.6	  	 	 	10,422	  	  	 	7.6	  	 	 	2,555	  	  	 	7.7	  	 	 	0.88	% 	
2014	  	 	4.41	% 	 	 	2.7	  	 	 	15,163	  	  	 	11.0	  	 	 	3,717	  	  	 	11.2	  	 	 	1.10	% 	
2015	  	 	4.11	% 	 	 	2.3	  	 	 	26,725	  	  	 	19.4	  	 	 	6,574	  	  	 	19.8	  	 	 	0.62	% 	
2016	  	 	3.86	% 	 	 	0.6	  	 	 	41,374	  	  	 	30.1	  	 	 	10,159	  	  	 	30.6	  	 	 	0.14	% 	
	  				 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 				
Total	  	 	4.53	% 	 	 	100.0	% 	 	$	137,504	  	  	 	100.0	% 	 	$	33,169	  	  	 	100.0	% 	 	 	3.67	% 	

 	  	December 31, 2016	 	 	September 30, 2016	 	 	December 31, 2015	 	 	 	 	
 	  	Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	 	Primary
Risk In-Force	 	  	Primary
Delinquency Rate	 	 	Primary
Risk In-Force (3) 	 	  	Primary
Delinquency Rate	 	 	 	 	
Lender concentration (by original applicant)	  	$	33,169	  	 	 	3.67	% 	 	$	32,357	  	  	 	3.76	% 	 	$	29,468	  	  	 	4.86	% 	 				
Top 10 lenders	  	 	10,478	  	 	 	4.64	% 	 	 	10,538	  	  	 	4.63	% 	 	 	10,913	  	  	 	6.47	% 	 				
Top 20 lenders	  	 	13,737	  	 	 	4.52	% 	 	 	13,696	  	  	 	4.56	% 	 	 	13,500	  	  	 	5.68	% 	 				
								
Loan-to-value ratio	  				 				 				  				 				  				 				
95.01% and above	  	$	5,677	  	 	 	6.97	% 	 	$	5,685	  	  	 	6.92	% 	 	$	5,879	  	  	 	8.17	% 	 				
90.01% to 95.00%	  	 	16,738	  	 	 	2.51	% 	 	 	16,168	  	  	 	2.55	% 	 	 	13,828	  	  	 	3.36	% 	 				
80.01% to 90.00%	  	 	10,495	  	 	 	3.24	% 	 	 	10,235	  	  	 	3.41	% 	 	 	9,458	  	  	 	4.57	% 	 				
80.00% and below	  	 	259	  	 	 	3.27	% 	 	 	269	  	  	 	3.19	% 	 	 	303	  	  	 	3.39	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Total	  	$	33,169	  	 	 	3.67	% 	 	$	32,357	  	  	 	3.76	% 	 	$	29,468	  	  	 	4.86	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Loan grade	  				 				 				  				 				  				 				
Prime	  	$	32,357	  	 	 	3.02	% 	 	$	31,503	  	  	 	3.09	% 	 	$	28,470	  	  	 	4.05	% 	 				
A minus and sub-prime	  	 	812	  	 	 	22.77	% 	 	 	854	  	  	 	21.85	% 	 	 	998	  	  	 	22.76	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Total	  	$	33,169	  	 	 	3.67	% 	 	$	32,357	  	  	 	3.76	% 	 	$	29,468	  	  	 	4.86	% 	 				

(1)  	Average Annual Mortgage Interest Rate.	
(2)  	Total reserves were $635 million as of December 31, 2016.	
(3)  	Beginning in the second quarter of 2016, all flow risk in-force metrics are based upon more current loan balances as provided by servicers, lenders and investors and conform to the presentation under PMIERs. Previously, certain flow risk in-force metrics were based on original loan balances when current loan balances were not available. The prior period has been re-presented to reflect these modified metrics.	
 
22

Canada Mortgage Insurance Segment
 
23

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Adjusted Operating Income and Sales—Canada Mortgage Insurance Segment
(amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	124	  	  	$	124	  	 	$	122	  	 	$	111	  	 	$	481	  	 	$	115	  	 	$	116	  	 	$	116	  	 	$	119	  	 	$	466	  	
Net investment income	  	 	32	  	  	 	33	  	 	 	32	  	 	 	29	  	 	 	126	  	 	 	31	  	 	 	32	  	 	 	33	  	 	 	34	  	 	 	130	  	
Net investment gains (losses)	  	 	25	  	  	 	—  	  	 	 	(8	) 	 	 	20	  	 	 	37	  	 	 	(11	) 	 	 	(23	) 	 	 	20	  	 	 	(18	) 	 	 	(32	) 	
Policy fees and other income	  	 	1	  	  	 	(1	) 	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	1	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	182	  	  	 	156	  	 	 	147	  	 	 	160	  	 	 	645	  	 	 	135	  	 	 	124	  	 	 	169	  	 	 	136	  	 	 	564	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	23	  	  	 	30	  	 	 	25	  	 	 	26	  	 	 	104	  	 	 	26	  	 	 	24	  	 	 	21	  	 	 	25	  	 	 	96	  	
Acquisition and operating expenses, net of deferrals	  	 	19	  	  	 	21	  	 	 	19	  	 	 	18	  	 	 	77	  	 	 	16	  	 	 	16	  	 	 	22	  	 	 	12	  	 	 	66	  	
Amortization of deferred acquisition costs and intangibles	  	 	10	  	  	 	10	  	 	 	10	  	 	 	9	  	 	 	39	  	 	 	9	  	 	 	9	  	 	 	9	  	 	 	9	  	 	 	36	  	
Interest expense	  	 	5	  	  	 	5	  	 	 	4	  	 	 	4	  	 	 	18	  	 	 	4	  	 	 	5	  	 	 	4	  	 	 	5	  	 	 	18	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	57	  	  	 	66	  	 	 	58	  	 	 	57	  	 	 	238	  	 	 	55	  	 	 	54	  	 	 	56	  	 	 	51	  	 	 	216	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	125	  	  	 	90	  	 	 	89	  	 	 	103	  	 	 	407	  	 	 	80	  	 	 	70	  	 	 	113	  	 	 	85	  	 	 	348	  	
Provision for income taxes	  	 	37	  	  	 	24	  	 	 	23	  	 	 	29	  	 	 	113	  	 	 	20	  	 	 	17	  	 	 	31	  	 	 	22	  	 	 	90	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	88	  	  	 	66	  	 	 	66	  	 	 	74	  	 	 	294	  	 	 	60	  	 	 	53	  	 	 	82	  	 	 	63	  	 	 	258	  	
Less: income from continuing operations attributable to noncontrolling interests	  	 	41	  	  	 	30	  	 	 	30	  	 	 	34	  	 	 	135	  	 	 	27	  	 	 	24	  	 	 	38	  	 	 	29	  	 	 	118	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	47	  	  	 	36	  	 	 	36	  	 	 	40	  	 	 	159	  	 	 	33	  	 	 	29	  	 	 	44	  	 	 	34	  	 	 	140	  	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	  	 	(14	) 	  	 	—  	  	 	 	4	  	 	 	(11	) 	 	 	(21	) 	 	 	7	  	 	 	13	  	 	 	(11	) 	 	 	10	  	 	 	19	  	
Taxes on adjustments	  	 	6	  	  	 	—  	  	 	 	(2	) 	 	 	4	  	 	 	8	  	 	 	(3	) 	 	 	(4	) 	 	 	4	  	 	 	(4	) 	 	 	(7	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (2) 	  	$	39	  	  	$	36	  	 	$	38	  	 	$	33	  	 	$	146	  	 	$	37	  	 	$	38	  	 	$	37	  	 	$	40	  	 	$	152	  	

											
SALES:	  				  				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				  				 				 				 				 				 				 				 				 				
Flow	  	$	3,900	  	  	$	5,300	  	 	$	4,400	  	 	$	2,500	  	 	$	16,100	  	 	$	4,700	  	 	$	6,600	  	 	$	5,400	  	 	$	3,300	  	 	$	20,000	  	
Bulk	  	 	3,700	  	  	 	5,100	  	 	 	19,700	  	 	 	3,200	  	 	 	31,700	  	 	 	7,300	  	 	 	4,800	  	 	 	3,300	  	 	 	5,000	  	 	 	20,400	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Canada NIW  (3) 	  	$	7,600	  	  	$	10,400	  	 	$	24,100	  	 	$	5,700	  	 	$	47,800	  	 	$	12,000	  	 	$	11,400	  	 	$	8,700	  	 	$	8,300	  	 	$	40,400	  	

 
(1)      Net investment (gains) losses were adjusted for the portion of net investment gains (losses) attributable to noncontrolling interests as reconciled below:

Net investment (gains) losses, gross	  	$	(25	) 	  	$	—  	  	 	$	8	  	 	$	(20	) 	 	$	(37	) 	 	$	11	  	 	$	23	  	 	$	(20	) 	 	$	18	  	 	$	32	  	
Adjustment for net investment gains (losses) attributable to noncontrolling interests	  	 	11	  	  	 	—  	  	 	 	(4	) 	 	 	9	  	 	 	16	  	 	 	(4	) 	 	 	(10	) 	 	 	9	  	 	 	(8	) 	 	 	(13	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	  	$	(14	) 	  	$	—  	  	 	$	4	  	 	$	(11	) 	 	$	(21	) 	 	$	7	  	 	$	13	  	 	$	(11	) 	 	$	10	  	 	$	19	  	

(2)	Adjusted operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $40 million and $155 million for the three and twelve months ended December 31, 2016, respectively.	
(3)	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $7,600 million and $50,100 million for the three and twelve months ended December 31, 2016, respectively.	
 
24

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	129	  	  	$	172	  	 	$	191	  	 	$	84	  	 	$	576	  	 	$	162	  	 	$	204	  	 	$	166	  	 	$	109	  	 	$	641	  	
Loss Ratio (1)	  	 	18	% 	  	 	24	% 	 	 	20	% 	 	 	24	% 	 	 	22	% 	 	 	23	% 	 	 	21	% 	 	 	17	% 	 	 	22	% 	 	 	21	% 	
Expense Ratio (Net Earned Premiums) (2)	  	 	24	% 	  	 	24	% 	 	 	24	% 	 	 	24	% 	 	 	24	% 	 	 	22	% 	 	 	22	% 	 	 	27	% 	 	 	18	% 	 	 	22	% 	
Expense Ratio (Net Premiums Written) (3)	  	 	23	% 	  	 	18	% 	 	 	15	% 	 	 	32	% 	 	 	20	% 	 	 	15	% 	 	 	12	% 	 	 	19	% 	 	 	20	% 	 	 	16	% 	
	 										
Primary Insurance In-Force (4)	  	$	345,600	  	  	$	347,300	  	 	$	341,600	  	 	$	317,400	  	 				 	$	292,600	  	 	$	292,000	  	 	$	300,900	  	 	$	288,800	  	 				
Primary Risk In-Force (5)	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	81,600	  	  	$	82,300	  	 	$	81,400	  	 	$	79,900	  	 				 	$	74,300	  	 	$	75,500	  	 	$	78,500	  	 	$	75,700	  	 				
Bulk	  	 	39,400	  	  	 	39,200	  	 	 	38,100	  	 	 	31,200	  	 				 	 	28,100	  	 	 	26,700	  	 	 	26,800	  	 	 	25,400	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	$	121,000	  	  	$	121,500	  	 	$	119,500	  	 	$	111,100	  	 				 	$	102,400	  	 	$	102,200	  	 	$	105,300	  	 	$	101,100	  	 				

							
 	  	December 31, 2016	 	 	September 30, 2016	 	 	 	 	 	 	 	 	 	 	 	 	 	
Risk In-Force by Loan-To-Value Ratio (6)	  	Primary	 	  	Flow	 	 	Bulk	 	 	Primary	 	 	Flow	 	 	Bulk	 	 	 	 	 	 	 	 	 	 	 	 	 	
95.01% and above	  	$	39,726	  	  	$	39,726	  	 	$	—  	  	 	$	39,938	  	 	$	39,938	  	 	$	—  	  	 				 				 				 				
90.01% to 95.00%	  	 	24,366	  	  	 	24,366	  	 	 	—  	  	 	 	24,616	  	 	 	24,616	  	 	 	—  	  	 				 				 				 				
80.01% to 90.00%	  	 	14,569	  	  	 	14,566	  	 	 	3	  	 	 	14,787	  	 	 	14,784	  	 	 	3	  	 				 				 				 				
80.00% and below	  	 	42,289	  	  	 	2,939	  	 	 	39,350	  	 	 	42,198	  	 	 	2,973	  	 	 	39,225	  	 				 				 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				 				 				
Total	  	$	120,950	  	  	$	81,597	  	 	$	39,353	  	 	$	121,539	  	 	$	82,311	  	 	$	39,228	  	 				 				 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				 				 				
The loss and expense ratios included above were calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.
Amounts may not total due to rounding.

(1)  	The ratio of incurred losses and loss adjustment expenses to net earned premiums.	
(2)  	The ratio of an insurer’s general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.	
(3)  	The ratio of an insurer’s general expenses to net premiums written. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.	
(4)  	As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company is receiving updated outstanding balances in Canada from most of its customers. As a result, the company estimates that the outstanding balance of insured mortgages was approximately $166.0 billion, $170.0 billion, $170.0 billion, $152.0 billion, $139.0 billion, $138.0 billion, $142.0 billion and $137.0 billion as of December 31, 2016, September 30, 2016, June 30, 2016, March 31, 2016, December 31, 2015, September 30, 2015, June 30, 2015 and March 31, 2015, respectively. This is based on the extrapolation of the amounts reported by lenders to the entire insured population.	
(5)  	The business currently provides 100% coverage on the majority of the loans the company insures. For the purpose of representing the risk in-force, Canada has computed an “effective risk in-force” amount which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor that represents the highest expected average per-claim payment for any one underwriting year over the life of the business. This factor was 35% for all periods presented.	
(6)  	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
 
25

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(dollar amounts in millions)

Primary Insurance	  	December 31, 2016	 	 	September 30, 2016	 	 	June 30, 2016	 	 	March 31, 2016	 	 	December 31, 2015	 	 	 	 	
Insured loans in-force (1),(2)	  	 	2,029,400	  	 	 	2,006,484	  	 	 	1,968,171	  	 	 	1,860,978	  	 	 	1,835,916	  	 				
Insured delinquent loans	  	 	2,070	  	 	 	2,027	  	 	 	1,961	  	 	 	2,034	  	 	 	1,829	  	 				
Insured delinquency rate (2),(3)	  	 	0.10	% 	 	 	0.10	% 	 	 	0.10	% 	 	 	0.11	% 	 	 	0.10	% 	 				
							
Flow loans in-force (1)	  	 	1,394,067	  	 	 	1,379,020	  	 	 	1,358,927	  	 	 	1,341,636	  	 	 	1,331,773	  	 				
Flow delinquent loans	  	 	1,693	  	 	 	1,715	  	 	 	1,669	  	 	 	1,711	  	 	 	1,550	  	 				
Flow delinquency rate (3)	  	 	0.12	% 	 	 	0.12	% 	 	 	0.12	% 	 	 	0.13	% 	 	 	0.12	% 	 				
							
Bulk loans in-force (1)	  	 	635,333	  	 	 	627,464	  	 	 	609,244	  	 	 	519,342	  	 	 	504,143	  	 				
Bulk delinquent loans	  	 	377	  	 	 	312	  	 	 	292	  	 	 	323	  	 	 	279	  	 				
Bulk delinquency rate (3)	  	 	0.06	% 	 	 	0.05	% 	 	 	0.05	% 	 	 	0.06	% 	 	 	0.06	% 	 				
							
Loss Metrics	  	December 31, 2016	 	 	September 30, 2016	 	 	June 30, 2016	 	 	March 31, 2016	 	 	December 31, 2015	 	 	 	 	
Beginning Reserves	  	$	112	  	 	$	104	  	 	$	102	  	 	$	87	  	 	$	83	  	 				
Paid claims (4)	  	 	(20	) 	 	 	(20	) 	 	 	(21	) 	 	 	(18	) 	 	 	(18	) 	 				
Increase in reserves	  	 	23	  	 	 	29	  	 	 	23	  	 	 	26	  	 	 	25	  	 				
Impact of changes in foreign exchange rates	  	 	(3	) 	 	 	(1	) 	 	 	—  	  	 	 	7	  	 	 	(3	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	112	  	 	$	112	  	 	$	104	  	 	$	102	  	 	$	87	  	 				

 	  	December 31, 2016	 	 	September 30, 2016	 	 	December 31, 2015	 	
Province and Territory	  	% of Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	
Ontario	  	 	47	% 	 	 	0.04	% 	 	 	46	% 	 	 	0.04	% 	 	 	47	% 	 	 	0.05	% 	
Alberta	  	 	16	  	 	 	0.22	% 	 	 	16	  	 	 	0.22	% 	 	 	17	  	 	 	0.12	% 	
British Columbia	  	 	15	  	 	 	0.06	% 	 	 	15	  	 	 	0.07	% 	 	 	14	  	 	 	0.08	% 	
Quebec	  	 	13	  	 	 	0.15	% 	 	 	13	  	 	 	0.15	% 	 	 	13	  	 	 	0.19	% 	
Saskatchewan	  	 	3	  	 	 	0.28	% 	 	 	3	  	 	 	0.27	% 	 	 	3	  	 	 	0.17	% 	
Nova Scotia	  	 	2	  	 	 	0.18	% 	 	 	2	  	 	 	0.20	% 	 	 	2	  	 	 	0.18	% 	
Manitoba	  	 	2	  	 	 	0.07	% 	 	 	2	  	 	 	0.08	% 	 	 	2	  	 	 	0.09	% 	
New Brunswick	  	 	1	  	 	 	0.19	% 	 	 	1	  	 	 	0.15	% 	 	 	1	  	 	 	0.20	% 	
All Other	  	 	1	  	 	 	0.17	% 	 	 	2	  	 	 	0.14	% 	 	 	1	  	 	 	0.13	% 	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2007 and prior	  	 	30	% 	 	 	0.04	% 	 	 	30	% 	 	 	0.04	% 	 	 	36	% 	 	 	0.04	% 	
2008	  	 	5	  	 	 	0.17	% 	 	 	4	  	 	 	0.16	% 	 	 	6	  	 	 	0.19	% 	
2009	  	 	4	  	 	 	0.14	% 	 	 	4	  	 	 	0.16	% 	 	 	4	  	 	 	0.16	% 	
2010	  	 	6	  	 	 	0.19	% 	 	 	6	  	 	 	0.19	% 	 	 	7	  	 	 	0.21	% 	
2011	  	 	5	  	 	 	0.25	% 	 	 	6	  	 	 	0.27	% 	 	 	6	  	 	 	0.26	% 	
2012	  	 	7	  	 	 	0.23	% 	 	 	7	  	 	 	0.21	% 	 	 	7	  	 	 	0.22	% 	
2013	  	 	7	  	 	 	0.20	% 	 	 	8	  	 	 	0.19	% 	 	 	9	  	 	 	0.16	% 	
2014	  	 	9	  	 	 	0.18	% 	 	 	9	  	 	 	0.17	% 	 	 	10	  	 	 	0.09	% 	
2015	  	 	12	  	 	 	0.07	% 	 	 	13	  	 	 	0.06	% 	 	 	15	  	 	 	0.01	% 	
2016	  	 	15	  	 	 	0.02	% 	 	 	13	  	 	 	0.01	% 	 	 	—  	  	 	 	—  	% 	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	

(1)  	Insured loans in-force represent the original number of loans insured for which the coverage term has not expired, and for which no policy level cancellation or termination has been received.	
(2)  	As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company is receiving updated outstanding loans in-force in Canada from most of its customers. As a result, the company estimates that the outstanding loans in-force were 969,000 as of December 31, 2016, 973,000 as of September 30, 2016, 968,000 as of June 30, 2016, 883,000 as of March 31, 2016 and 870,000 as of December 31, 2015. This is based on the extrapolation of the amounts reported by lenders to the entire insured population. The corresponding insured delinquency rate was 0.21% as of December 31, 2016 and September 30, 2016, 0.20% as of June 30, 2016, 0.23% as of March 31, 2016 and 0.21% as of December 31, 2015.	
(3)  	Delinquency rates are based on insured loans in-force.	
(4)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
 
26

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(Canadian dollar amounts in millions)

 	  	2016	 	  	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims (1)	  			 	  				 				 				 				  				 				 				 				 				
Flow	  	$	25	  	  	$	26	  	 	$	25	  	 	$	24	  	 	$	100	  	  	$	23	  	 	$	25	  	 	$	25	  	 	$	25	  	 	$	98	  	
Bulk	  	 	1	  	  	 	1	  	 	 	2	  	 	 	1	  	 	 	5	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	5	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	26	  	  	$	27	  	 	$	27	  	 	$	25	  	 	$	105	  	  	$	24	  	 	$	26	  	 	$	26	  	 	$	27	  	 	$	103	  	

Average Paid Claim (in thousands)	  	$	66.3	  	  	$	62.0	  	 	$	62.5	  	 	$	67.8	  	 				  	$	63.7	  	 	$	66.2	  	 	$	58.7	  	 	$	67.9	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  	$	72.9	  	  	$	72.8	  	 	$	69.1	  	 	$	65.0	  	 				  	$	65.7	  	 	$	64.2	  	 	$	63.6	  	 	$	60.4	  	 				
	 										
Loss Metrics	  			 	  				 				 				 				  				 				 				 				 				
	 										
Beginning Reserves	  	$	148	  	  	$	136	  	 	$	132	  	 	$	120	  	 				  	$	110	  	 	$	106	  	 	$	108	  	 	$	106	  	 				
Paid claims (1)	  	 	(26	) 	  	 	(27	) 	 	 	(27	) 	 	 	(25	) 	 				  	 	(24	) 	 	 	(26	) 	 	 	(26	) 	 	 	(27	) 	 				
Increase in reserves	  	 	29	  	  	 	39	  	 	 	31	  	 	 	37	  	 				  	 	34	  	 	 	30	  	 	 	24	  	 	 	29	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	151	  	  	$	148	  	 	$	136	  	 	$	132	  	 				  	$	120	  	 	$	110	  	 	$	106	  	 	$	108	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount (2)	  			 	  				 				 				 				  				 				 				 				 				
	 										
Over $550K	  	 	8	% 	  	 	8	% 	 	 	8	% 	 	 	7	% 	 				  	 	7	% 	 	 	7	% 	 	 	6	% 	 	 	6	% 	 				
$400K to $550K	  	 	14	  	  	 	14	  	 	 	14	  	 	 	13	  	 				  	 	13	  	 	 	12	  	 	 	12	  	 	 	12	  	 				
$250K to $400K	  	 	34	  	  	 	33	  	 	 	34	  	 	 	34	  	 				  	 	33	  	 	 	33	  	 	 	33	  	 	 	33	  	 				
$100K to $250K	  	 	40	  	  	 	41	  	 	 	40	  	 	 	42	  	 				  	 	43	  	 	 	44	  	 	 	44	  	 	 	44	  	 				
$100K or Less	  	 	4	  	  	 	4	  	 	 	4	  	 	 	4	  	 				  	 	4	  	 	 	4	  	 	 	5	  	 	 	5	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 	 	100	% 	 	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	229	  	  	$	227	  	 	$	225	  	 	$	222	  	 				  	$	221	  	 	$	218	  	 	$	216	  	 	$	215	  	 				
All amounts presented in Canadian dollars.

(1)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
(2)  	The percentages in this table are based on the amount of primary insurance in-force in each loan band as a percentage of total insurance in-force.	
 
27

Australia Mortgage Insurance Segment
 
28

 GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
Adjusted Operating Income and Sales—Australia Mortgage Insurance Segment
(amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	  	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	  	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				  				 				 				 				  				 				
Premiums	  	$	82	  	  	$	88	  	 	$	86	  	 	$	81	  	  	$	337	  	 	$	86	  	 	$	92	  	 	$	90	  	  	$	89	  	 	$	357	  	
Net investment income	  	 	22	  	  	 	23	  	 	 	25	  	 	 	24	  	  	 	94	  	 	 	25	  	 	 	28	  	 	 	29	  	  	 	32	  	 	 	114	  	
Net investment gains (losses)	  	 	3	  	  	 	4	  	 	 	2	  	 	 	—  	  	  	 	9	  	 	 	2	  	 	 	3	  	 	 	—  	  	  	 	1	  	 	 	6	  	
Policy fees and other income	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	1	  	 	 	(1	) 	 	 	1	  	  	 	(4	) 	 	 	(3	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total revenues	  	 	107	  	  	 	115	  	 	 	113	  	 	 	105	  	  	 	440	  	 	 	114	  	 	 	122	  	 	 	120	  	  	 	118	  	 	 	474	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				  				 				 				 				  				 				
Benefits and other changes in policy reserves	  	 	24	  	  	 	37	  	 	 	31	  	 	 	21	  	  	 	113	  	 	 	15	  	 	 	27	  	 	 	25	  	  	 	14	  	 	 	81	  	
Acquisition and operating expenses, net of deferrals	  	 	29	  	  	 	23	  	 	 	25	  	 	 	19	  	  	 	96	  	 	 	24	  	 	 	27	  	 	 	25	  	  	 	22	  	 	 	98	  	
Amortization of deferred acquisition costs and intangibles	  	 	3	  	  	 	4	  	 	 	4	  	 	 	3	  	  	 	14	  	 	 	4	  	 	 	4	  	 	 	5	  	  	 	5	  	 	 	18	  	
Interest expense	  	 	2	  	  	 	2	  	 	 	3	  	 	 	3	  	  	 	10	  	 	 	3	  	 	 	3	  	 	 	2	  	  	 	2	  	 	 	10	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	58	  	  	 	66	  	 	 	63	  	 	 	46	  	  	 	233	  	 	 	46	  	 	 	61	  	 	 	57	  	  	 	43	  	 	 	207	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	49	  	  	 	49	  	 	 	50	  	 	 	59	  	  	 	207	  	 	 	68	  	 	 	61	  	 	 	63	  	  	 	75	  	 	 	267	  	
Provision for income taxes	  	 	16	  	  	 	16	  	 	 	16	  	 	 	19	  	  	 	67	  	 	 	20	  	 	 	18	  	 	 	18	  	  	 	24	  	 	 	80	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	33	  	  	 	33	  	 	 	34	  	 	 	40	  	  	 	140	  	 	 	48	  	 	 	43	  	 	 	45	  	  	 	51	  	 	 	187	  	
Less: income from continuing operations attributable to noncontrolling interests	  	 	18	  	  	 	18	  	 	 	18	  	 	 	21	  	  	 	75	  	 	 	25	  	 	 	22	  	 	 	16	  	  	 	21	  	 	 	84	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	15	  	  	 	15	  	 	 	16	  	 	 	19	  	  	 	65	  	 	 	23	  	 	 	21	  	 	 	29	  	  	 	30	  	 	 	103	  	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	  				 				 				  				 				 				 				  				 				
Net investment (gains) losses, net (1)	  	 	(2	) 	  	 	(2	) 	 	 	(1	) 	 	 	—  	  	  	 	(5	) 	 	 	(2	) 	 	 	(1	) 	 	 	—  	  	  	 	—  	  	 	 	(3	) 	
(Gains) losses on early extinguishment of debt, net (2)	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	  	 	—  	  	 	 	1	  	
Taxes on adjustments	  	 	1	  	  	 	1	  	 	 	—  	  	 	 	—  	  	  	 	2	  	 	 	1	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (3) 	  	$	14	  	  	$	14	  	 	$	15	  	 	$	19	  	  	$	62	  	 	$	22	  	 	$	21	  	 	$	29	  	  	$	30	  	 	$	102	  	

											
SALES:	  				  				 				 				  				 				 				 				  				 				
New Insurance Written (NIW)	  	 	 	 	  				 				 				  				 				 				 				  				 				
Flow	  	$	5,000	  	  	$	4,600	  	 	$	5,000	  	 	$	4,400	  	  	$	19,000	  	 	$	4,600	  	 	$	6,300	  	 	$	6,500	  	  	$	5,800	  	 	$	23,200	  	
Bulk	  	 	—  	  	  	 	—  	  	 	 	800	  	 	 	—  	  	  	 	800	  	 	 	—  	  	 	 	—  	  	 	 	1,700	  	  	 	—  	  	 	 	1,700	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total Australia NIW (4) 	  	$	5,000	  	  	$	4,600	  	 	$	5,800	  	 	$	4,400	  	  	$	19,800	  	 	$	4,600	  	 	$	6,300	  	 	$	8,200	  	  	$	5,800	  	 	$	24,900	  	

 

(1)  	Net investment (gains) losses were adjusted for the portion of net investment gains (losses) attributable to noncontrolling interests as reconciled below:	

Net investment (gains) losses, gross	  	$	(3	) 	  	$	(4	) 	 	$	(2	) 	 	$	—  	  	  	$	(9	) 	 	$	(2	) 	 	$	(3	) 	 	$	—  	  	  	$	(1	) 	 	$	(6	) 	
Adjustment for net investment gains (losses) attributable to noncontrolling interests	  	 	   1	  	  	 	   2	  	 	 	   1	  	 	 	—  	  	  	 	   4	  	 	 	—  	  	 	 	   2	  	 	 	—  	  	  	 	   1	  	 	 	   3	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Net investment (gains) losses, net	  	$	(2	) 	  	$	(2	) 	 	$	(1	) 	 	$	—  	  	  	$	(5	) 	 	$	(2	) 	 	$	(1	) 	 	$	—  	  	  	$	—  	  	 	$	(3	) 	

(2)  	For the three months ended September 30, 2015, (gains) losses on early extinguishment of debt were adjusted by $1 million for the portion attributable to noncontrolling interests.	
(3)  	Adjusted operating income for the Australian platform adjusted for foreign exchange as compared to the prior year period was $13 million and $64 million for the three and twelve months ended December 31, 2016, respectively.	
(4)  	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $4,700 million and $20,200 million for the three and twelve months ended December 31, 2016, respectively.	
 
29

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	62	  	  	$	57	  	 	$	65	  	 	$	47	  	 	$	231	  	 	$	55	  	 	$	79	  	 	$	107	  	 	$	87	  	 	$	328	  	
Loss Ratio (1),(2)	  	 	30	% 	  	 	42	% 	 	 	36	% 	 	 	26	% 	 	 	34	% 	 	 	17	% 	 	 	29	% 	 	 	28	% 	 	 	15	% 	 	 	23	% 	
Expense Ratio (Net Earned Premiums) (3)	  	 	39	% 	  	 	31	% 	 	 	33	% 	 	 	27	% 	 	 	33	% 	 	 	31	% 	 	 	34	% 	 	 	33	% 	 	 	30	% 	 	 	32	% 	
Expense Ratio (Net Premiums Written) (4)	  	 	51	% 	  	 	48	% 	 	 	44	% 	 	 	47	% 	 	 	47	% 	 	 	49	% 	 	 	40	% 	 	 	28	% 	 	 	31	% 	 	 	35	% 	
	 										
Primary Insurance In-Force	  	$	234,000	  	  	$	247,900	  	 	$	241,100	  	 	$	246,800	  	 				 	$	233,600	  	 	$	224,100	  	 	$	243,800	  	 	$	240,900	  	 				
Primary Risk In-Force (5)	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	76,000	  	  	$	80,400	  	 	$	78,300	  	 	$	80,300	  	 				 	$	76,000	  	 	$	72,900	  	 	$	79,100	  	 	$	78,600	  	 				
Bulk	  	 	5,400	  	  	 	5,900	  	 	 	5,700	  	 	 	5,700	  	 				 	 	5,500	  	 	 	5,500	  	 	 	6,200	  	 	 	5,700	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	$	81,400	  	  	$	86,300	  	 	$	84,000	  	 	$	86,000	  	 				 	$	81,500	  	 	$	78,400	  	 	$	85,300	  	 	$	84,300	  	 				

							
 	  	December 31, 2016	 	 	September 30, 2016	 	 	 	 	 	 	 	 	 	 	 	 	 	
Risk In-Force by Loan-To-Value Ratio (6)	  	Primary	 	  	Flow	 	 	Bulk	 	 	Primary	 	 	Flow	 	 	Bulk	 	 	 	 	 	 	 	 	 	 	 	 	 	
95.01% and above	  	$	13,775	  	  	$	13,775	  	 	$	—  	  	 	$	14,933	  	 	$	14,933	  	 	$	—  	  	 				 				 				 				
90.01% to 95.00%	  	 	21,593	  	  	 	21,587	  	 	 	6	  	 	 	22,670	  	 	 	22,664	  	 	 	6	  	 				 				 				 				
80.01% to 90.00%	  	 	21,971	  	  	 	21,910	  	 	 	61	  	 	 	23,153	  	 	 	23,087	  	 	 	66	  	 				 				 				 				
80.00% and below	  	 	24,094	  	  	 	18,745	  	 	 	5,349	  	 	 	25,536	  	 	 	19,743	  	 	 	5,793	  	 				 				 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				 				 				
Total	  	$	81,433	  	  	$	76,017	  	 	$	5,416	  	 	$	86,292	  	 	$	80,427	  	 	$	5,865	  	 				 				 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 				 				 				
The loss and expense ratios included above were calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.
Amounts may not total due to rounding.

(1)  	The ratio of incurred losses and loss adjustment expenses to net earned premiums.	
(2)  	During the third quarter of 2015, the company increased reserves $9 million mainly related to the estimate of the period of time it takes for a delinquent loan to be reported and increased net earned premiums $8 million from refinements to premium recognition factors. These adjustments unfavorably impacted the loss ratio by seven percentage points for the three months ended September 30, 2015. During the first quarter of 2015, the company accrued a $7 million pre-tax receivable for expected recoveries relating to paid claims reflecting its experience of successful borrower recovery activity, which favorably impacted the loss ratio by nine percentage points for the three months ended March 31, 2015.	
(3)	The ratio of an insurer’s general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles. The debt early redemption payment of $2 million in the third quarter of 2015 unfavorably impacted this expense ratio by two percentage points for the three months ended September 30, 2015.	
(4)  	The ratio of an insurer’s general expenses to net premiums written. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles. The debt early redemption payment of $2 million in the third quarter of 2015 unfavorably impacted this expense ratio by two percentage points for the three months ended September 30, 2015.	
(5)  	The business currently provides 100% coverage on the majority of the loans the company insures. For the purpose of representing the risk in-force, Australia has computed an “effective risk in-force” amount which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor that represents the highest expected average per-claim payment for any one underwriting year over the life of the business. This factor was 35% for all periods presented. Australia also has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100% coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor.	
(6)  	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
 
30

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(dollar amounts in millions)

Primary Insurance	  	December 31, 2016	 	 	September 30, 2016	 	 	June 30, 2016	 	 	March 31, 2016	 	 	December 31, 2015	 	 	 	 	
Insured loans in-force	  	 	1,464,139	  	 	 	1,470,302	  	 	 	1,477,826	  	 	 	1,479,544	  	 	 	1,478,434	  	 				
Insured delinquent loans	  	 	6,731	  	 	 	6,844	  	 	 	6,413	  	 	 	5,889	  	 	 	5,552	  	 				
Insured delinquency rate	  	 	0.46	% 	 	 	0.47	% 	 	 	0.43	% 	 	 	0.40	% 	 	 	0.38	% 	 				
							
Flow loans in-force	  	 	1,354,616	  	 	 	1,358,286	  	 	 	1,364,756	  	 	 	1,366,914	  	 	 	1,364,628	  	 				
Flow delinquent loans	  	 	6,451	  	 	 	6,574	  	 	 	6,143	  	 	 	5,633	  	 	 	5,317	  	 				
Flow delinquency rate	  	 	0.48	% 	 	 	0.48	% 	 	 	0.45	% 	 	 	0.41	% 	 	 	0.39	% 	 				
							
Bulk loans in-force	  	 	109,523	  	 	 	112,016	  	 	 	113,070	  	 	 	112,630	  	 	 	113,806	  	 				
Bulk delinquent loans	  	 	280	  	 	 	270	  	 	 	270	  	 	 	256	  	 	 	235	  	 				
Bulk delinquency rate	  	 	0.26	% 	 	 	0.24	% 	 	 	0.24	% 	 	 	0.23	% 	 	 	0.21	% 	 				
							
Loss Metrics	  	December 31, 2016	 	 	September 30, 2016	 	 	June 30, 2016	 	 	March 31, 2016	 	 	December 31, 2015	 	 	 	 	
Beginning Reserves	  	$	215	  	 	$	190	  	 	$	181	  	 	$	165	  	 	$	156	  	 				
Paid claims (1)	  	 	(16	) 	 	 	(18	) 	 	 	(17	) 	 	 	(13	) 	 	 	(14	) 	 				
Increase in reserves	  	 	25	  	 	 	37	  	 	 	31	  	 	 	20	  	 	 	17	  	 				
Impact of changes in foreign exchange rates	  	 	(13	) 	 	 	6	  	 	 	(5	) 	 	 	9	  	 	 	6	  	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	211	  	 	$	215	  	 	$	190	  	 	$	181	  	 	$	165	  	 				

 	  	December 31, 2016	 	 	September 30, 2016	 	 	December 31, 2015	 	
State and Territory	  	% of Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	
New South Wales	  	 	28	% 	 	 	0.30	% 	 	 	28	% 	 	 	0.32	% 	 	 	29	% 	 	 	0.27%	  	
Queensland	  	 	23	  	 	 	0.66	% 	 	 	23	  	 	 	0.67	% 	 	 	23	  	 	 	0.53%	  	
Victoria	  	 	23	  	 	 	0.38	% 	 	 	23	  	 	 	0.39	% 	 	 	23	  	 	 	0.33%	  	
Western Australia	  	 	12	  	 	 	0.74	% 	 	 	12	  	 	 	0.69	% 	 	 	11	  	 	 	0.46%	  	
South Australia	  	 	6	  	 	 	0.61	% 	 	 	6	  	 	 	0.62	% 	 	 	6	  	 	 	0.51%	  	
Australian Capital Territory	  	 	3	  	 	 	0.17	% 	 	 	3	  	 	 	0.20	% 	 	 	3	  	 	 	0.17%	  	
Tasmania	  	 	2	  	 	 	0.35	% 	 	 	2	  	 	 	0.37	% 	 	 	2	  	 	 	0.32%	  	
New Zealand	  	 	2	  	 	 	0.07	% 	 	 	2	  	 	 	0.10	% 	 	 	2	  	 	 	0.17%	  	
Northern Territory	  	 	1	  	 	 	0.36	% 	 	 	1	  	 	 	0.33	% 	 	 	1	  	 	 	0.17%	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.46	% 	 	 	100	% 	 	 	0.47	% 	 	 	100	% 	 	 	0.38%	  	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2007 and prior	  	 	34	% 	 	 	0.30	% 	 	 	34	% 	 	 	0.31	% 	 	 	36	% 	 	 	0.29%	  	
2008	  	 	6	  	 	 	1.03	% 	 	 	6	  	 	 	1.07	% 	 	 	6	  	 	 	0.89%	  	
2009	  	 	7	  	 	 	0.87	% 	 	 	7	  	 	 	0.93	% 	 	 	8	  	 	 	0.71%	  	
2010	  	 	5	  	 	 	0.56	% 	 	 	5	  	 	 	0.59	% 	 	 	6	  	 	 	0.46%	  	
2011	  	 	5	  	 	 	0.68	% 	 	 	6	  	 	 	0.66	% 	 	 	6	  	 	 	0.46%	  	
2012	  	 	8	  	 	 	0.80	% 	 	 	8	  	 	 	0.72	% 	 	 	8	  	 	 	0.49%	  	
2013	  	 	8	  	 	 	0.61	% 	 	 	9	  	 	 	0.62	% 	 	 	10	  	 	 	0.37%	  	
2014	  	 	10	  	 	 	0.51	% 	 	 	10	  	 	 	0.45	% 	 	 	11	  	 	 	0.19%	  	
2015	  	 	9	  	 	 	0.23	% 	 	 	9	  	 	 	0.17	% 	 	 	9	  	 	 	0.02%	  	
2016	  	 	8	  	 	 	0.03	% 	 	 	6	  	 	 	0.01	% 	 	 	—  	  	 	 	—  %	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.46	% 	 	 	100	% 	 	 	0.47	% 	 	 	100	% 	 	 	0.38%	  	

(1)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
 
31

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(Australian dollar amounts in millions)

 	  	2016	 	  	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims (1) 	  			 	  				 				 				 				  				 				 				 				 				
Flow	  	$	21	  	  	$	24	  	 	$	23	  	 	$	18	  	 	$	86	  	  	$	22	  	 	$	21	  	 	$	19	  	 	$	17	  	 	$	79	  	
Bulk	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	21	  	  	$	24	  	 	$	23	  	 	$	18	  	 	$	86	  	  	$	22	  	 	$	21	  	 	$	19	  	 	$	18	  	 	$	80	  	

Average Paid Claim (in thousands)	  	$	67.1	  	  	$	73.3	  	 	$	79.2	  	 	$	65.8	  	 				  	$	71.0	  	 	$	65.9	  	 	$	66.9	  	 	$	62.5	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  	$	43.5	  	  	$	41.0	  	 	$	39.9	  	 	$	40.1	  	 				  	$	40.7	  	 	$	38.3	  	 	$	35.2	  	 	$	36.4	  	 				
	 										
Loss Metrics	  			 	  				 				 				 				  				 				 				 				 				
Beginning Reserves	  	$	281	  	  	$	256	  	 	$	236	  	 	$	226	  	 				  	$	222	  	 	$	208	  	 	$	196	  	 	$	186	  	 				
Paid claims (1)	  	 	(21	) 	  	 	(24	) 	 	 	(23	) 	 	 	(18	) 	 				  	 	(22	) 	 	 	(21	) 	 	 	(19	) 	 	 	(18	) 	 				
Increase in reserves	  	 	33	  	  	 	49	  	 	 	43	  	 	 	28	  	 				  	 	26	  	 	 	35	  	 	 	31	  	 	 	28	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	293	  	  	$	281	  	 	$	256	  	 	$	236	  	 				  	$	226	  	 	$	222	  	 	$	208	  	 	$	196	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount (2) 	  			 	  				 				 				 				  				 				 				 				 				
	 										
Over $550K	  	 	16	% 	  	 	15	% 	 	 	15	% 	 	 	15	% 	 				  	 	15	% 	 	 	15	% 	 	 	14	% 	 	 	13	% 	 				
$400K to $550K	  	 	20	  	  	 	20	  	 	 	20	  	 	 	20	  	 				  	 	19	  	 	 	19	  	 	 	19	  	 	 	19	  	 				
$250K to $400K	  	 	35	  	  	 	36	  	 	 	36	  	 	 	36	  	 				  	 	36	  	 	 	36	  	 	 	36	  	 	 	37	  	 				
$100K to $250K	  	 	24	  	  	 	24	  	 	 	24	  	 	 	24	  	 				  	 	25	  	 	 	25	  	 	 	25	  	 	 	26	  	 				
$100K or Less	  	 	5	  	  	 	5	  	 	 	5	  	 	 	5	  	 				  	 	5	  	 	 	5	  	 	 	6	  	 	 	5	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 	 	100	% 	 	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	221	  	  	$	220	  	 	$	219	  	 	$	218	  	 				  	$	217	  	 	$	216	  	 	$	213	  	 	$	211	  	 				
All amounts presented in Australian dollars.

(1)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
(2)  	The percentages in this table are based on the amount of primary insurance in-force in each loan band as a percentage of total insurance in-force.	
 
32

U.S. Life Insurance Segment
 
33

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Adjusted Operating Income (Loss)—U.S. Life Insurance Segment
(amounts in millions)

 	 	2016	 	 	2015	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	753	  	 	$	725	  	 	$	756	  	 	$	436	  	 	$	2,670	  	 	$	797	  	 	$	784	  	 	$	769	  	 	$	778	  	 	$	3,128	  	
Net investment income	 	 	677	  	 	 	695	  	 	 	670	  	 	 	684	  	 	 	2,726	  	 	 	673	  	 	 	680	  	 	 	677	  	 	 	671	  	 	 	2,701	  	
Net investment gains (losses)	 	 	9	  	 	 	21	  	 	 	114	  	 	 	(16	) 	 	 	128	  	 	 	17	  	 	 	(16	) 	 	 	(7	) 	 	 	(4	) 	 	 	(10	) 	
Policy fees and other income	 	 	194	  	 	 	175	  	 	 	180	  	 	 	177	  	 	 	726	  	 	 	187	  	 	 	177	  	 	 	182	  	 	 	180	  	 	 	726	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	1,633	  	 	 	1,616	  	 	 	1,720	  	 	 	1,281	  	 	 	6,250	  	 	 	1,674	  	 	 	1,625	  	 	 	1,621	  	 	 	1,625	  	 	 	6,545	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	1,419	  	 	 	1,556	  	 	 	1,089	  	 	 	758	  	 	 	4,822	  	 	 	1,324	  	 	 	1,155	  	 	 	1,122	  	 	 	1,091	  	 	 	4,692	  	
Interest credited	 	 	138	  	 	 	140	  	 	 	143	  	 	 	144	  	 	 	565	  	 	 	148	  	 	 	148	  	 	 	150	  	 	 	150	  	 	 	596	  	
Acquisition and operating expenses, net of deferrals	 	 	135	  	 	 	149	  	 	 	199	  	 	 	165	  	 	 	648	  	 	 	178	  	 	 	176	  	 	 	167	  	 	 	163	  	 	 	684	  	
Amortization of deferred acquisition costs and intangibles	 	 	172	  	 	 	69	  	 	 	84	  	 	 	78	  	 	 	403	  	 	 	194	  	 	 	530	  	 	 	75	  	 	 	73	  	 	 	872	  	
Interest expense	 	 	3	  	 	 	2	  	 	 	5	  	 	 	28	  	 	 	38	  	 	 	23	  	 	 	22	  	 	 	22	  	 	 	25	  	 	 	92	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	1,867	  	 	 	1,916	  	 	 	1,520	  	 	 	1,173	  	 	 	6,476	  	 	 	1,867	  	 	 	2,031	  	 	 	1,536	  	 	 	1,502	  	 	 	6,936	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	(234	) 	 	 	(300	) 	 	 	200	  	 	 	108	  	 	 	(226	) 	 	 	(193	) 	 	 	(406	) 	 	 	85	  	 	 	123	  	 	 	(391	) 	
Provision (benefit) for income taxes	 	 	(83	) 	 	 	(106	) 	 	 	70	  	 	 	39	  	 	 	(80	) 	 	 	(68	) 	 	 	(144	) 	 	 	31	  	 	 	43	  	 	 	(138	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	(151	) 	 	 	(194	) 	 	 	130	  	 	 	69	  	 	 	(146	) 	 	 	(125	) 	 	 	(262	) 	 	 	54	  	 	 	80	  	 	 	(253	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	 	 	(4	) 	 	 	(21	) 	 	 	(119	) 	 	 	11	  	 	 	(133	) 	 	 	(20	) 	 	 	10	  	 	 	4	  	 	 	1	  	 	 	(5	) 	
(Gains) losses on sale of businesses	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Losses from life block transactions	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	9	  	 	 	9	  	 	 	—  	  	 	 	455	  	 	 	—  	  	 	 	—  	  	 	 	455	  	
Expenses related to restructuring	 	 	—  	  	 	 	1	  	 	 	3	  	 	 	15	  	 	 	19	  	 	 	3	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	5	  	
Taxes on adjustments	 	 	1	  	 	 	7	  	 	 	42	  	 	 	(13	) 	 	 	37	  	 	 	7	  	 	 	(163	) 	 	 	(3	) 	 	 	—  	  	 	 	(159	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	 	$	(154	) 	 	$	(207	) 	 	$	55	  	 	$	91	  	 	$	(215	) 	 	$	(135	) 	 	$	40	  	 	$	57	  	 	$	81	  	 	$	43	  	

 

(1)  	Net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves as reconciled below:	

Net investment (gains) losses, gross	 	$	(9	) 	 	$	(21	) 	 	$	(114	) 	 	$	16	  	 	$	(128	) 	 	$	(17	) 	 	$	16	  	 	$	7	  	 	$	4	  	 	$	10	  	
Adjustment for DAC and other intangible amortization and certain benefit reserves	 	 	5	  	 	 	—  	  	 	 	(5	) 	 	 	(5	) 	 	 	(5	) 	 	 	(3	) 	 	 	(6	) 	 	 	(3	) 	 	 	(3	) 	 	 	(15	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	 	$	(4	) 	 	$	(21	) 	 	$	(119	) 	 	$	11	  	 	$	(133	) 	 	$	(20	) 	 	$	10	  	 	$	4	  	 	$	1	  	 	$	(5	) 	

34

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Long-Term Care Insurance
(amounts in millions)

 	 	2016	 	 	2015	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	650	  	 	$	610	  	 	$	636	  	 	$	618	  	 	$	2,514	  	 	$	633	  	 	$	618	  	 	$	597	  	 	$	589	  	 	$	2,437	  	
Net investment income	 	 	356	  	 	 	353	  	 	 	344	  	 	 	329	  	 	 	1,382	  	 	 	325	  	 	 	327	  	 	 	320	  	 	 	313	  	 	 	1,285	  	
Net investment gains (losses)	 	 	(21	) 	 	 	17	  	 	 	139	  	 	 	4	  	 	 	139	  	 	 	24	  	 	 	4	  	 	 	(3	) 	 	 	3	  	 	 	28	  	
Policy fees and other income	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	2	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	2	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	986	  	 	 	980	  	 	 	1,119	  	 	 	952	  	 	 	4,037	  	 	 	983	  	 	 	949	  	 	 	915	  	 	 	905	  	 	 	3,752	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	889	  	 	 	1,262	  	 	 	806	  	 	 	776	  	 	 	3,733	  	 	 	797	  	 	 	825	  	 	 	780	  	 	 	766	  	 	 	3,168	  	
Interest credited	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	 	 	94	  	 	 	95	  	 	 	93	  	 	 	95	  	 	 	377	  	 	 	110	  	 	 	112	  	 	 	98	  	 	 	95	  	 	 	415	  	
Amortization of deferred acquisition costs and intangibles	 	 	26	  	 	 	25	  	 	 	26	  	 	 	26	  	 	 	103	  	 	 	25	  	 	 	24	  	 	 	24	  	 	 	26	  	 	 	99	  	
Interest expense	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	1,009	  	 	 	1,382	  	 	 	925	  	 	 	897	  	 	 	4,213	  	 	 	932	  	 	 	961	  	 	 	902	  	 	 	887	  	 	 	3,682	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	(23	) 	 	 	(402	) 	 	 	194	  	 	 	55	  	 	 	(176	) 	 	 	51	  	 	 	(12	) 	 	 	13	  	 	 	18	  	 	 	70	  	
Provision (benefit) for income taxes	 	 	(8	) 	 	 	(142	) 	 	 	68	  	 	 	20	  	 	 	(62	) 	 	 	19	  	 	 	(5	) 	 	 	5	  	 	 	6	  	 	 	25	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	(15	) 	 	 	(260	) 	 	 	126	  	 	 	35	  	 	 	(114	) 	 	 	32	  	 	 	(7	) 	 	 	8	  	 	 	12	  	 	 	45	  	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses	 	 	21	  	 	 	(17	) 	 	 	(139	) 	 	 	(4	) 	 	 	(139	) 	 	 	(24	) 	 	 	(4	) 	 	 	3	  	 	 	(3	) 	 	 	(28	) 	
Expenses related to restructuring	 	 	—  	  	 	 	1	  	 	 	2	  	 	 	3	  	 	 	6	  	 	 	2	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	3	  	
Taxes on adjustments	 	 	(7	) 	 	 	6	  	 	 	48	  	 	 	—  	  	 	 	47	  	 	 	9	  	 	 	1	  	 	 	(2	) 	 	 	1	  	 	 	9	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	 	$	(1	) 	 	$	(270	) 	 	$	37	  	 	$	34	  	 	$	(200	) 	 	$	19	  	 	$	(10	) 	 	$	10	  	 	$	10	  	 	$	29	  	

											
SALES:	 				 				 				 				 				 				 				 				 				 				
Individual Long-Term Care Insurance	 	$	1	  	 	$	2	  	 	$	4	  	 	$	5	  	 	$	12	  	 	$	8	  	 	$	7	  	 	$	8	  	 	$	10	  	 	$	33	  	
Group Long-Term Care Insurance	 	 	1	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	8	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	 	$	2	  	 	$	5	  	 	$	6	  	 	$	7	  	 	$	20	  	 	$	10	  	 	$	8	  	 	$	9	  	 	$	11	  	 	$	38	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
RATIOS:	 	 	 	 	 				 				 				 				 				 				 				 				 				
Loss Ratio (1)	 	 	78.6	% 	 	 	145.5	% 	 	 	70.1	% 	 	 	67.6	% 	 	 	90.0	% 	 	 	72.9	% 	 	 	76.4	% 	 	 	72.6	% 	 	 	72.4	% 	 	 	73.6	% 	
Gross Benefits Ratio (2)	 	 	136.9	% 	 	 	207.0	% 	 	 	126.7	% 	 	 	125.5	% 	 	 	148.5	% 	 	 	125.9	% 	 	 	133.5	% 	 	 	130.5	% 	 	 	130.2	% 	 	 	130.0	% 	

(1)  	The loss ratio was calculated by dividing benefits and other changes in policy reserves less tabular interest on reserves less loss adjustment expenses by net earned premiums.	
(2)  	The gross benefits ratio was calculated by dividing benefits and other changes in policy reserves by net earned premiums.	
 
35

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Life Insurance
(amounts in millions)

 	 	2016	 	 	2015	 	
	 	 	4Q	  	 	 	3Q	  	 	 	2Q	  	 	 	1Q	  	 	 	Total	  	 	 	4Q	  	 	 	3Q	  	 	 	2Q	  	 	 	1Q	  	 	 	Total	  	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums (1)	 	$	103	  	 	$	115	  	 	$	120	  	 	$	(185	) 	 	$	153	  	 	$	160	  	 	$	162	  	 	$	169	  	 	$	179	  	 	$	670	  	
Net investment income	 	 	116	  	 	 	128	  	 	 	117	  	 	 	133	  	 	 	494	  	 	 	125	  	 	 	126	  	 	 	127	  	 	 	127	  	 	 	505	  	
Net investment gains (losses)	 	 	19	  	 	 	4	  	 	 	(1	) 	 	 	2	  	 	 	24	  	 	 	15	  	 	 	(8	) 	 	 	3	  	 	 	3	  	 	 	13	  	
Policy fees and other income	 	 	190	  	 	 	171	  	 	 	176	  	 	 	173	  	 	 	710	  	 	 	183	  	 	 	175	  	 	 	178	  	 	 	178	  	 	 	714	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	428	  	 	 	418	  	 	 	412	  	 	 	123	  	 	 	1,381	  	 	 	483	  	 	 	455	  	 	 	477	  	 	 	487	  	 	 	1,902	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves (1)	 	 	470	  	 	 	216	  	 	 	231	  	 	 	(87	) 	 	 	830	  	 	 	446	  	 	 	248	  	 	 	266	  	 	 	250	  	 	 	1,210	  	
Interest credited	 	 	66	  	 	 	64	  	 	 	65	  	 	 	64	  	 	 	259	  	 	 	68	  	 	 	66	  	 	 	68	  	 	 	66	  	 	 	268	  	
Acquisition and operating expenses, net of deferrals	 	 	36	  	 	 	31	  	 	 	39	  	 	 	51	  	 	 	157	  	 	 	50	  	 	 	48	  	 	 	52	  	 	 	51	  	 	 	201	  	
Amortization of deferred acquisition costs and intangibles	 	 	133	  	 	 	27	  	 	 	27	  	 	 	33	  	 	 	220	  	 	 	150	  	 	 	487	  	 	 	33	  	 	 	30	  	 	 	700	  	
Interest expense	 	 	3	  	 	 	2	  	 	 	5	  	 	 	28	  	 	 	38	  	 	 	23	  	 	 	22	  	 	 	22	  	 	 	25	  	 	 	92	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	708	  	 	 	340	  	 	 	367	  	 	 	89	  	 	 	1,504	  	 	 	737	  	 	 	871	  	 	 	441	  	 	 	422	  	 	 	2,471	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	(280	) 	 	 	78	  	 	 	45	  	 	 	34	  	 	 	(123	) 	 	 	(254	) 	 	 	(416	) 	 	 	36	  	 	 	65	  	 	 	(569	) 	
Provision (benefit) for income taxes	 	 	(100	) 	 	 	28	  	 	 	16	  	 	 	12	  	 	 	(44	) 	 	 	(90	) 	 	 	(147	) 	 	 	13	  	 	 	23	  	 	 	(201	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	(180	) 	 	 	50	  	 	 	29	  	 	 	22	  	 	 	(79	) 	 	 	(164	) 	 	 	(269	) 	 	 	23	  	 	 	42	  	 	 	(368	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses	 	 	(19	) 	 	 	(4	) 	 	 	1	  	 	 	(2	) 	 	 	(24	) 	 	 	(15	) 	 	 	8	  	 	 	(3	) 	 	 	(3	) 	 	 	(13	) 	
(Gains) losses on sale of businesses	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Losses from life block transactions	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	9	  	 	 	9	  	 	 	—  	  	 	 	455	  	 	 	—  	  	 	 	—  	  	 	 	455	  	
Expenses related to restructuring	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	8	  	 	 	10	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
Taxes on adjustments	 	 	6	  	 	 	2	  	 	 	—  	  	 	 	(6	) 	 	 	2	  	 	 	6	  	 	 	(163	) 	 	 	1	  	 	 	1	  	 	 	(155	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	 	$	(193	) 	 	$	48	  	 	$	31	  	 	$	31	  	 	$	(83	) 	 	$	(173	) 	 	$	31	  	 	$	22	  	 	$	40	  	 	$	(80	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
SALES:	 	 	 	 	 				 				 				 				 				 				 				 				 				
Term Life	 	$	—  	  	 	$	—  	  	 	$	2	  	 	$	5	  	 	$	7	  	 	$	6	  	 	$	7	  	 	$	9	  	 	$	9	  	 	$	31	  	
Universal Life	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	4	  	 	 	3	  	 	 	2	  	 	 	4	  	 	 	4	  	 	 	13	  	
Linked-Benefits	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	2	  	 	 	3	  	 	 	1	  	 	 	3	  	 	 	2	  	 	 	4	  	 	 	10	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	 	$	—  	  	 	$	1	  	 	$	4	  	 	$	9	  	 	$	14	  	 	$	10	  	 	$	12	  	 	$	15	  	 	$	17	  	 	$	54	  	

 

(1)  	In January 2016, as part of a life block transaction, the company entered into a new reinsurance agreement to cede certain of its term life insurance policies. This new reinsurance agreement primarily reduced premiums by $326 million and reduced benefits and other changes in policy reserves by $331 million for the amounts initially ceded.	
 
36

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Fixed Annuities
(amounts in millions)

 	 	2016	 	 	2015	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	3	  	 	$	3	  	 	$	4	  	 	$	4	  	 	$	3	  	 	$	10	  	 	$	21	  	
Net investment income	 	 	205	  	 	 	214	  	 	 	209	  	 	 	222	  	 	 	850	  	 	 	223	  	 	 	227	  	 	 	230	  	 	 	231	  	 	 	911	  	
Net investment gains (losses)	 	 	11	  	 	 	—  	  	 	 	(24	) 	 	 	(22	) 	 	 	(35	) 	 	 	(22	) 	 	 	(12	) 	 	 	(7	) 	 	 	(10	) 	 	 	(51	) 	
Policy fees and other income	 	 	3	  	 	 	4	  	 	 	4	  	 	 	3	  	 	 	14	  	 	 	3	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	10	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	219	  	 	 	218	  	 	 	189	  	 	 	206	  	 	 	832	  	 	 	208	  	 	 	221	  	 	 	229	  	 	 	233	  	 	 	891	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves (1)	 	 	60	  	 	 	78	  	 	 	52	  	 	 	69	  	 	 	259	  	 	 	81	  	 	 	82	  	 	 	76	  	 	 	75	  	 	 	314	  	
Interest credited	 	 	72	  	 	 	76	  	 	 	78	  	 	 	80	  	 	 	306	  	 	 	80	  	 	 	82	  	 	 	82	  	 	 	84	  	 	 	328	  	
Acquisition and operating expenses, net of deferrals (2)	 	 	5	  	 	 	23	  	 	 	67	  	 	 	19	  	 	 	114	  	 	 	18	  	 	 	16	  	 	 	17	  	 	 	17	  	 	 	68	  	
Amortization of deferred acquisition costs and intangibles	 	 	13	  	 	 	17	  	 	 	31	  	 	 	19	  	 	 	80	  	 	 	19	  	 	 	19	  	 	 	18	  	 	 	17	  	 	 	73	  	
Interest expense	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	150	  	 	 	194	  	 	 	228	  	 	 	187	  	 	 	759	  	 	 	198	  	 	 	199	  	 	 	193	  	 	 	193	  	 	 	783	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	69	  	 	 	24	  	 	 	(39	) 	 	 	19	  	 	 	73	  	 	 	10	  	 	 	22	  	 	 	36	  	 	 	40	  	 	 	108	  	
Provision (benefit) for income taxes	 	 	25	  	 	 	8	  	 	 	(14	) 	 	 	7	  	 	 	26	  	 	 	3	  	 	 	8	  	 	 	13	  	 	 	14	  	 	 	38	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	44	  	 	 	16	  	 	 	(25	) 	 	 	12	  	 	 	47	  	 	 	7	  	 	 	14	  	 	 	23	  	 	 	26	  	 	 	70	  	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net (3)	 	 	(6	) 	 	 	—  	  	 	 	19	  	 	 	17	  	 	 	30	  	 	 	19	  	 	 	6	  	 	 	4	  	 	 	7	  	 	 	36	  	
Expenses related to restructuring	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	4	  	 	 	3	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
Taxes on adjustments	 	 	2	  	 	 	(1	) 	 	 	(6	) 	 	 	(7	) 	 	 	(12	) 	 	 	(8	) 	 	 	(1	) 	 	 	(2	) 	 	 	(2	) 	 	 	(13	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	 	$	40	  	 	$	15	  	 	$	(13	) 	 	$	26	  	 	$	68	  	 	$	19	  	 	$	19	  	 	$	25	  	 	$	31	  	 	$	94	  	

SALES:	 				 				 				 				 				 				 				 				 				 				
Single Premium Deferred Annuities	 	$	—  	  	 	$	1	  	 	$	8	  	 	$	159	  	 	$	168	  	 	$	297	  	 	$	248	  	 	$	211	  	 	$	306	  	 	$	1,062	  	
Single Premium Immediate Annuities	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	9	  	 	 	10	  	 	 	17	  	 	 	12	  	 	 	13	  	 	 	20	  	 	 	62	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	 	$	—  	  	 	$	1	  	 	$	9	  	 	$	168	  	 	$	178	  	 	$	314	  	 	$	260	  	 	$	224	  	 	$	326	  	 	$	1,124	  	

 
(1)       In the second quarter of 2016, benefits and other changes in policy reserves included $45 million of lower assumed reinsurance in connection with the recapture by a third party.
(2)       In the second quarter of 2016, acquisition and operating expenses, net of deferrals, included a $55 million ceding commission paid in connection with the recapture by a third party.
(3)       Net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves as reconciled below:

         
	
Net investment (gains) losses, gross	 	$	(11	) 	 	$	—  	  	 	$	24	  	 	$	22	  	 	$	35	  	 	$	22	  	 	$	12	  	 	$	7	  	 	$	10	  	 	$	51	  	
Adjustment for DAC and other intangible amortization and certain benefit reserves	 	 	5	  	 	 	—  	  	 	 	(5	) 	 	 	(5	) 	 	 	(5	) 	 	 	(3	) 	 	 	(6	) 	 	 	(3	) 	 	 	(3	) 	 	 	(15	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	 	$	(6	) 	 	$	—  	  	 	$	19	  	 	$	17	  	 	$	30	  	 	$	19	  	 	$	6	  	 	$	4	  	 	$	7	  	 	$	36	  	

37

Runoff Segment
 
38

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 Adjusted Operating Income (Loss)—Runoff Segment
(amounts in millions)

 	 	2016	 	 	2015	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	1	  	 	$	—  	  	 	$	1	  	
Net investment income	 	 	39	  	 	 	37	  	 	 	36	  	 	 	35	  	 	 	147	  	 	 	35	  	 	 	32	  	 	 	40	  	 	 	31	  	 	 	138	  	
Net investment gains (losses)	 	 	3	  	 	 	4	  	 	 	(13	) 	 	 	(8	) 	 	 	(14	) 	 	 	(30	) 	 	 	(25	) 	 	 	(8	) 	 	 	(6	) 	 	 	(69	) 	
Policy fees and other income	 	 	42	  	 	 	43	  	 	 	42	  	 	 	42	  	 	 	169	  	 	 	45	  	 	 	46	  	 	 	49	  	 	 	49	  	 	 	189	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	84	  	 	 	84	  	 	 	65	  	 	 	69	  	 	 	302	  	 	 	50	  	 	 	53	  	 	 	82	  	 	 	74	  	 	 	259	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	16	  	 	 	2	  	 	 	9	  	 	 	15	  	 	 	42	  	 	 	8	  	 	 	18	  	 	 	11	  	 	 	7	  	 	 	44	  	
Interest credited	 	 	35	  	 	 	33	  	 	 	30	  	 	 	33	  	 	 	131	  	 	 	32	  	 	 	31	  	 	 	31	  	 	 	30	  	 	 	124	  	
Acquisition and operating expenses, net of deferrals	 	 	14	  	 	 	20	  	 	 	18	  	 	 	16	  	 	 	68	  	 	 	19	  	 	 	17	  	 	 	21	  	 	 	19	  	 	 	76	  	
Amortization of deferred acquisition costs and intangibles	 	 	4	  	 	 	7	  	 	 	12	  	 	 	6	  	 	 	29	  	 	 	(3	) 	 	 	17	  	 	 	10	  	 	 	5	  	 	 	29	  	
Interest expense	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	69	  	 	 	63	  	 	 	69	  	 	 	70	  	 	 	271	  	 	 	56	  	 	 	83	  	 	 	74	  	 	 	61	  	 	 	274	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	15	  	 	 	21	  	 	 	(4	) 	 	 	(1	) 	 	 	31	  	 	 	(6	) 	 	 	(30	) 	 	 	8	  	 	 	13	  	 	 	(15	) 	
Provision (benefit) for income taxes	 	 	4	  	 	 	6	  	 	 	(2	) 	 	 	(2	) 	 	 	6	  	 	 	(3	) 	 	 	(12	) 	 	 	2	  	 	 	3	  	 	 	(10	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	11	  	 	 	15	  	 	 	(2	) 	 	 	1	  	 	 	25	  	 	 	(3	) 	 	 	(18	) 	 	 	6	  	 	 	10	  	 	 	(5	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	 	 	(7	) 	 	 	(4	) 	 	 	12	  	 	 	4	  	 	 	5	  	 	 	22	  	 	 	21	  	 	 	5	  	 	 	1	  	 	 	49	  	
Taxes on adjustments	 	 	2	  	 	 	1	  	 	 	(4	) 	 	 	(1	) 	 	 	(2	) 	 	 	(8	) 	 	 	(7	) 	 	 	(2	) 	 	 	—  	  	 	 	(17	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	 	$	6	  	 	$	12	  	 	$	6	  	 	$	4	  	 	$	28	  	 	$	11	  	 	$	(4	) 	 	$	9	  	 	$	11	  	 	$	27	  	

 
(1)        Net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves as reconciled below:	          	
											
Net investment (gains) losses, gross	 	$	(3	) 	 	$	(4	) 	 	$	13	  	 	$	8	  	 	$	14	  	 	$	30	  	 	$	25	  	 	$	8	  	 	$	6	  	 	$	69	  	
Adjustment for DAC and other intangible amortization and certain benefit reserves	 	 	(4	) 	 	 	—  	  	 	 	(1	) 	 	 	(4	) 	 	 	(9	) 	 	 	(8	) 	 	 	(4	) 	 	 	(3	) 	 	 	(5	) 	 	 	(20	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	 	$	(7	) 	 	$	(4	) 	 	$	12	  	 	$	4	  	 	$	5	  	 	$	22	  	 	$	21	  	 	$	5	  	 	$	1	  	 	$	49	  	

39

Corporate and Other
 
40

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Adjusted Operating Loss—Corporate and Other (1) 
(amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	1	  	  	$	2	  	 	$	3	  	 	$	6	  	 	$	12	  	 	$	6	  	 	$	7	  	 	$	5	  	 	$	7	  	 	$	25	  	
Net investment income	  	 	(1	) 	  	 	1	  	 	 	1	  	 	 	2	  	 	 	3	  	 	 	3	  	 	 	(1	) 	 	 	1	  	 	 	(6	) 	 	 	(3	) 	
Net investment gains (losses) (2)	  	 	1	  	  	 	(9	) 	 	 	(65	) 	 	 	(14	) 	 	 	(87	) 	 	 	6	  	 	 	9	  	 	 	3	  	 	 	11	  	 	 	29	  	
Policy fees and other income (3)	  	 	2	  	  	 	(1	) 	 	 	76	  	 	 	1	  	 	 	78	  	 	 	—  	  	 	 	—  	  	 	 	(10	) 	 	 	—  	  	 	 	(10	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	3	  	  	 	(7	) 	 	 	15	  	 	 	(5	) 	 	 	6	  	 	 	15	  	 	 	15	  	 	 	(1	) 	 	 	12	  	 	 	41	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	—  	  	  	 	1	  	 	 	1	  	 	 	2	  	 	 	4	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	5	  	 	 	14	  	
Acquisition and operating expenses, net of deferrals (4)	  	 	44	  	  	 	11	  	 	 	25	  	 	 	137	  	 	 	217	  	 	 	154	  	 	 	40	  	 	 	22	  	 	 	14	  	 	 	230	  	
Amortization of deferred acquisition costs and intangibles	  	 	—  	  	  	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	
Interest expense	  	 	65	  	  	 	67	  	 	 	68	  	 	 	70	  	 	 	270	  	 	 	74	  	 	 	75	  	 	 	74	  	 	 	75	  	 	 	298	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	109	  	  	 	80	  	 	 	94	  	 	 	209	  	 	 	492	  	 	 	231	  	 	 	118	  	 	 	99	  	 	 	95	  	 	 	543	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(106	) 	  	 	(87	) 	 	 	(79	) 	 	 	(214	) 	 	 	(486	) 	 	 	(216	) 	 	 	(103	) 	 	 	(100	) 	 	 	(83	) 	 	 	(502	) 	
Provision (benefit) for income taxes	  	 	(5	) 	  	 	246	  	 	 	(31	) 	 	 	(96	) 	 	 	114	  	 	 	(28	) 	 	 	(33	) 	 	 	(39	) 	 	 	(30	) 	 	 	(130	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS	  	 	(101	) 	  	 	(333	) 	 	 	(48	) 	 	 	(118	) 	 	 	(600	) 	 	 	(188	) 	 	 	(70	) 	 	 	(61	) 	 	 	(53	) 	 	 	(372	) 	
	 										
ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses	  	 	(1	) 	  	 	9	  	 	 	65	  	 	 	14	  	 	 	87	  	 	 	(6	) 	 	 	(9	) 	 	 	(3	) 	 	 	(11	) 	 	 	(29	) 	
(Gains) losses on sale of businesses	  	 	—  	  	  	 	—  	  	 	 	(9	) 	 	 	7	  	 	 	(2	) 	 	 	140	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	140	  	
(Gains) losses on early extinguishment of debt, net	  	 	—  	  	  	 	—  	  	 	 	(64	) 	 	 	16	  	 	 	(48	) 	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
Expenses related to restructuring	  	 	—  	  	  	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	 	 	2	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	3	  	
Fees associated with bond consent solicitation	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	18	  	 	 	18	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Taxes on adjustments	  	 	(1	) 	  	 	(3	) 	 	 	2	  	 	 	(42	) 	 	 	(44	) 	 	 	(6	) 	 	 	10	  	 	 	1	  	 	 	4	  	 	 	9	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING LOSS	  	$	(103	) 	  	$	(327	) 	 	$	(52	) 	 	$	(105	) 	 	$	(587	) 	 	$	(58	) 	 	$	(68	) 	 	$	(62	) 	 	$	(60	) 	 	$	(248	) 	

 

(1)  	Includes inter-segment eliminations and the results of other businesses that are managed outside the operating segments, including certain smaller international mortgage insurance businesses.	
(2)  	In the second quarter of 2016, net investment gains (losses) included a $64 million loss from the write-off of residual interest in certain policy loan securitization entities.	
(3)  	In the second quarter of 2016, the company settled restricted borrowings of $70 million related to a securitization entity and recorded a $64 million pre-tax gain related to the early extinguishment of debt, which was included in policy fees and other income.	
(4)  	In the first quarter of 2016, acquisition and operating expenses, net of deferrals, included the following: $83 million of legal fees and expenses, including $69 million related to the settlement of the long-term care insurance class action lawsuit; $20 million of make-whole expense on the early redemption of Genworth Holdings’ 2016 senior notes in January 2016; $18 million associated with Genworth Holdings’ bond consent solicitation for broker, advisor and investment banking fees; and an additional estimated loss of $7 million related to the planned sale of the mortgage insurance business in Europe. In the fourth quarter of 2015, acquisition and operating expenses, net of deferrals, included an estimated loss of $140 million related to the planned sale of the mortgage insurance business in Europe.	
 
41

Additional Financial Data
 
42

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Investments Summary
(amounts in millions)

 	 	 	 	December 31, 2016	 	 	September 30, 2016	 	 	June 30, 2016	 	 	March 31, 2016	 	 	December 31, 2015	 	
 	 	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	
Composition of Investment Portfolio	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Fixed maturity securities:	 				 			 	 				 				 				 				 				 				 				 				
Investment grade:	 				 			 	 				 				 				 				 				 				 				 				
Public fixed maturity securities	 	$	33,733	  	 	 	46	% 	 	$	35,544	  	 	 	45	% 	 	$	35,003	  	 	 	45	% 	 	$	33,362	  	 	 	44	% 	 	$	31,969	  	 	 	43	% 	
Private fixed maturity securities	 	 	11,261	  	 	 	15	  	 	 	11,669	  	 	 	15	  	 	 	11,370	  	 	 	15	  	 	 	10,867	  	 	 	14	  	 	 	10,822	  	 	 	15	  	
Residential mortgage-backed securities (1)	 	 	4,314	  	 	 	6	  	 	 	4,742	  	 	 	6	  	 	 	4,981	  	 	 	6	  	 	 	5,041	  	 	 	7	  	 	 	4,998	  	 	 	7	  	
Commercial mortgage-backed securities	 	 	3,106	  	 	 	4	  	 	 	3,148	  	 	 	4	  	 	 	2,940	  	 	 	4	  	 	 	2,633	  	 	 	4	  	 	 	2,475	  	 	 	3	  	
Other asset-backed securities	 	 	3,140	  	 	 	4	  	 	 	3,310	  	 	 	4	  	 	 	3,279	  	 	 	4	  	 	 	3,287	  	 	 	4	  	 	 	3,253	  	 	 	4	  	
State and political subdivisions	 	 	2,647	  	 	 	4	  	 	 	2,823	  	 	 	4	  	 	 	2,751	  	 	 	4	  	 	 	2,517	  	 	 	3	  	 	 	2,428	  	 	 	3	  	
Non-investment grade fixed maturity securities	 	 	2,371	  	 	 	3	  	 	 	2,544	  	 	 	3	  	 	 	2,504	  	 	 	3	  	 	 	2,583	  	 	 	3	  	 	 	2,252	  	 	 	3	  	
Equity securities:	 				 			 	 				 				 				 				 				 				 				 				
Common stocks and mutual funds	 	 	179	  	 	 	—  	  	 	 	175	  	 	 	—  	  	 	 	140	  	 	 	—  	  	 	 	108	  	 	 	—  	  	 	 	37	  	 	 	—  	  	
Preferred stocks	 	 	453	  	 	 	1	  	 	 	415	  	 	 	1	  	 	 	341	  	 	 	1	  	 	 	323	  	 	 	—  	  	 	 	273	  	 	 	—  	  	
Commercial mortgage loans	 	 	6,111	  	 	 	8	  	 	 	6,017	  	 	 	8	  	 	 	6,121	  	 	 	8	  	 	 	6,179	  	 	 	8	  	 	 	6,170	  	 	 	8	  	
Restricted commercial mortgage loans related to securitization entities	 	 	129	  	 	 	—  	  	 	 	134	  	 	 	—  	  	 	 	141	  	 	 	—  	  	 	 	155	  	 	 	—  	  	 	 	161	  	 	 	—  	  	
Policy loans	 	 	1,742	  	 	 	2	  	 	 	1,751	  	 	 	2	  	 	 	1,754	  	 	 	2	  	 	 	1,565	  	 	 	2	  	 	 	1,568	  	 	 	2	  	
Cash, cash equivalents and short-term investments	 	 	3,136	  	 	 	4	  	 	 	3,420	  	 	 	4	  	 	 	3,730	  	 	 	5	  	 	 	4,217	  	 	 	6	  	 	 	6,162	  	 	 	8	  	
Securities lending	 	 	534	  	 	 	1	  	 	 	417	  	 	 	1	  	 	 	328	  	 	 	—  	  	 	 	415	  	 	 	1	  	 	 	347	  	 	 	—  	  	
Other invested assets:	 	Limited partnerships	 	 	199	  	 	 	—  	  	 	 	188	  	 	 	—  	  	 	 	181	  	 	 	—  	  	 	 	177	  	 	 	—  	  	 	 	188	  	 	 	—  	  	
	 	Derivatives:	 				 			 	 				 				 				 				 				 				 				 				
	 	Long-term care (LTC) forward starting swap—cash flow	 	 	237	  	 	 	—  	  	 	 	735	  	 	 	1	  	 	 	627	  	 	 	1	  	 	 	1,087	  	 	 	1	  	 	 	629	  	 	 	1	  	
	 	Other cash flow	 	 	4	  	 	 	—  	  	 	 	6	  	 	 	—  	  	 	 	7	  	 	 	—  	  	 	 	7	  	 	 	—  	  	 	 	8	  	 	 	—  	  	
	 	Equity index options—non-qualified	 	 	72	  	 	 	—  	  	 	 	61	  	 	 	—  	  	 	 	57	  	 	 	—  	  	 	 	36	  	 	 	—  	  	 	 	30	  	 	 	—  	  	
	 	Other non-qualified	 	 	395	  	 	 	1	  	 	 	529	  	 	 	1	  	 	 	578	  	 	 	1	  	 	 	537	  	 	 	1	  	 	 	445	  	 	 	1	  	
	 	Trading portfolio	 	 	259	  	 	 	1	  	 	 	384	  	 	 	1	  	 	 	441	  	 	 	1	  	 	 	471	  	 	 	1	  	 	 	447	  	 	 	1	  	
	 	Restricted other invested assets related to securitization entities	 	 	312	  	 	 	—  	  	 	 	312	  	 	 	—  	  	 	 	312	  	 	 	—  	  	 	 	422	  	 	 	1	  	 	 	413	  	 	 	1	  	
	 	Other	 	 	19	  	 	 	—  	  	 	 	14	  	 	 	—  	  	 	 	18	  	 	 	—  	  	 	 	19	  	 	 	—  	  	 	 	18	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total invested assets and cash	 	$	74,353	  	 	 	100	% 	 	$	78,338	  	 	 	100	% 	 	$	77,604	  	 	 	100	% 	 	$	76,008	  	 	 	100	% 	 	$	75,093	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Public Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO  (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	14,264	  	 	 	32	% 	 	$	15,608	  	 	 	33	% 	 	$	15,714	  	 	 	33	% 	 	$	15,385	  	 	 	34	% 	 	$	14,785	  	 	 	34	% 	
AA	 		 	 	4,283	  	 	 	9	  	 	 	4,536	  	 	 	9	  	 	 	4,455	  	 	 	10	  	 	 	4,174	  	 	 	10	  	 	 	4,121	  	 	 	10	  	
A	 		 	 	12,659	  	 	 	28	  	 	 	13,317	  	 	 	28	  	 	 	13,122	  	 	 	28	  	 	 	12,664	  	 	 	28	  	 	 	12,155	  	 	 	28	  	
BBB	 		 	 	12,380	  	 	 	28	  	 	 	12,632	  	 	 	27	  	 	 	12,154	  	 	 	26	  	 	 	11,213	  	 	 	25	  	 	 	10,720	  	 	 	25	  	
BB	 		 	 	1,334	  	 	 	3	  	 	 	1,464	  	 	 	3	  	 	 	1,440	  	 	 	3	  	 	 	1,464	  	 	 	3	  	 	 	1,200	  	 	 	3	  	
B	 		 	 	151	  	 	 	—  	  	 	 	145	  	 	 	—  	  	 	 	149	  	 	 	—  	  	 	 	141	  	 	 	—  	  	 	 	63	  	 	 	—  	  	
CCC and lower	 		 	 	60	  	 	 	—  	  	 	 	53	  	 	 	—  	  	 	 	56	  	 	 	—  	  	 	 	77	  	 	 	—  	  	 	 	92	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total public fixed maturity securities	 	$	45,131	  	 	 	100	% 	 	$	47,755	  	 	 	100	% 	 	$	47,090	  	 	 	100	% 	 	$	45,118	  	 	 	100	% 	 	$	43,136	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Private Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO  (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	1,661	  	 	 	11	% 	 	$	1,731	  	 	 	11	% 	 	$	1,683	  	 	 	10	% 	 	$	1,614	  	 	 	10	% 	 	$	1,531	  	 	 	10	% 	
AA	 		 	 	1,970	  	 	 	13	  	 	 	2,071	  	 	 	13	  	 	 	2,013	  	 	 	13	  	 	 	1,923	  	 	 	13	  	 	 	1,899	  	 	 	13	  	
A	 		 	 	4,719	  	 	 	30	  	 	 	4,937	  	 	 	31	  	 	 	4,864	  	 	 	31	  	 	 	4,725	  	 	 	31	  	 	 	4,731	  	 	 	31	  	
BBB	 		 	 	6,265	  	 	 	41	  	 	 	6,404	  	 	 	40	  	 	 	6,319	  	 	 	40	  	 	 	6,009	  	 	 	40	  	 	 	6,003	  	 	 	40	  	
BB	 		 	 	763	  	 	 	5	  	 	 	815	  	 	 	5	  	 	 	734	  	 	 	5	  	 	 	772	  	 	 	5	  	 	 	777	  	 	 	5	  	
B	 		 	 	51	  	 	 	—  	  	 	 	51	  	 	 	—  	  	 	 	102	  	 	 	1	  	 	 	104	  	 	 	1	  	 	 	104	  	 	 	1	  	
CCC and lower	 		 	 	12	  	 	 	—  	  	 	 	16	  	 	 	—  	  	 	 	23	  	 	 	—  	  	 	 	25	  	 	 	—  	  	 	 	16	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total private fixed maturity securities	 	$	15,441	  	 	 	100	% 	 	$	16,025	  	 	 	100	% 	 	$	15,738	  	 	 	100	% 	 	$	15,172	  	 	 	100	% 	 	$	15,061	  	 	 	100	% 	

 

(1)  	The company does not have any material exposure to residential mortgage-backed securities collateralized debt obligations (CDOs).	
(2)  	Nationally Recognized Statistical Rating Organizations.	
 
43

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Fixed Maturity Securities Summary
(amounts in millions)

 	  	December 31, 2016	 	  	September 30, 2016	 	 	June 30, 2016	 	 	March 31, 2016	 	 	December 31, 2015	 	
 	  	Fair Value	 	  	% of
Total	 	  	Fair Value	 	  	% of
Total	 	 	Fair Value	 	  	% of
Total	 	 	Fair Value	 	  	% of
Total	 	 	Fair Value	 	  	% of
Total	 	
Fixed Maturity Securities—Security Sector:	  				  			 	  				  				 				  				 				  				 				  				
U.S. government, agencies and government-sponsored enterprises	  	$	6,036	  	  	 	10	% 	  	$	6,703	  	  	 	11	% 	 	$	6,806	  	  	 	11	% 	 	$	6,524	  	  	 	11	% 	 	$	6,203	  	  	 	11	% 	
State and political subdivisions	  	 	2,647	  	  	 	4	  	  	 	2,824	  	  	 	4	  	 	 	2,751	  	  	 	4	  	 	 	2,517	  	  	 	4	  	 	 	2,438	  	  	 	4	  	
Foreign government	  	 	2,107	  	  	 	3	  	  	 	2,227	  	  	 	3	  	 	 	2,113	  	  	 	3	  	 	 	2,080	  	  	 	3	  	 	 	2,015	  	  	 	3	  	
U.S. corporate	  	 	26,828	  	  	 	45	  	  	 	27,695	  	  	 	44	  	 	 	26,984	  	  	 	43	  	 	 	25,389	  	  	 	43	  	 	 	24,401	  	  	 	42	  	
Foreign corporate	  	 	12,295	  	  	 	21	  	  	 	13,008	  	  	 	20	  	 	 	12,833	  	  	 	21	  	 	 	12,629	  	  	 	21	  	 	 	12,199	  	  	 	21	  	
Residential mortgage-backed securities	  	 	4,379	  	  	 	7	  	  	 	4,823	  	  	 	8	  	 	 	5,055	  	  	 	8	  	 	 	5,122	  	  	 	8	  	 	 	5,101	  	  	 	9	  	
Commercial mortgage-backed securities	  	 	3,129	  	  	 	5	  	  	 	3,173	  	  	 	5	  	 	 	2,979	  	  	 	5	  	 	 	2,713	  	  	 	4	  	 	 	2,559	  	  	 	4	  	
Other asset-backed securities	  	 	3,151	  	  	 	5	  	  	 	3,327	  	  	 	5	  	 	 	3,307	  	  	 	5	  	 	 	3,316	  	  	 	6	  	 	 	3,281	  	  	 	6	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	60,572	  	  	 	100	% 	  	$	63,780	  	  	 	100	% 	 	$	62,828	  	  	 	100	% 	 	$	60,290	  	  	 	100	% 	 	$	58,197	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Corporate Bond Holdings—Industry Sector:	  				  			 	  				  				 				  				 				  				 				  				
Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	$	8,408	  	  	 	23	% 	  	$	8,756	  	  	 	23	% 	 	$	8,499	  	  	 	23	% 	 	$	8,128	  	  	 	23	% 	 	$	7,746	  	  	 	22	% 	
Utilities	  	 	5,475	  	  	 	15	  	  	 	5,637	  	  	 	15	  	 	 	5,507	  	  	 	15	  	 	 	5,275	  	  	 	15	  	 	 	4,453	  	  	 	13	  	
Energy	  	 	2,944	  	  	 	8	  	  	 	2,961	  	  	 	8	  	 	 	2,949	  	  	 	8	  	 	 	2,908	  	  	 	8	  	 	 	3,839	  	  	 	11	  	
Consumer—non-cyclical	  	 	5,268	  	  	 	14	  	  	 	5,483	  	  	 	14	  	 	 	5,292	  	  	 	14	  	 	 	4,894	  	  	 	14	  	 	 	4,619	  	  	 	13	  	
Consumer—cyclical	  	 	1,853	  	  	 	5	  	  	 	2,034	  	  	 	5	  	 	 	2,039	  	  	 	5	  	 	 	2,150	  	  	 	6	  	 	 	2,119	  	  	 	6	  	
Capital goods	  	 	2,665	  	  	 	7	  	  	 	2,623	  	  	 	7	  	 	 	2,613	  	  	 	7	  	 	 	2,444	  	  	 	7	  	 	 	2,361	  	  	 	7	  	
Industrial	  	 	1,908	  	  	 	5	  	  	 	2,006	  	  	 	5	  	 	 	1,971	  	  	 	5	  	 	 	1,980	  	  	 	5	  	 	 	1,915	  	  	 	6	  	
Technology and communications	  	 	3,220	  	  	 	9	  	  	 	3,418	  	  	 	9	  	 	 	3,272	  	  	 	9	  	 	 	3,019	  	  	 	8	  	 	 	2,872	  	  	 	8	  	
Transportation	  	 	1,839	  	  	 	5	  	  	 	1,868	  	  	 	5	  	 	 	1,860	  	  	 	5	  	 	 	1,750	  	  	 	5	  	 	 	1,689	  	  	 	5	  	
Other	  	 	3,406	  	  	 	9	  	  	 	3,605	  	  	 	9	  	 	 	3,538	  	  	 	9	  	 	 	3,162	  	  	 	9	  	 	 	3,049	  	  	 	9	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	36,986	  	  	 	100	% 	  	 	38,391	  	  	 	100	% 	 	 	37,540	  	  	 	100	% 	 	 	35,710	  	  	 	100	% 	 	 	34,662	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Non-Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	 	227	  	  	 	11	% 	  	 	242	  	  	 	11	% 	 	 	285	  	  	 	13	% 	 	 	306	  	  	 	13	% 	 	 	359	  	  	 	19	% 	
Utilities	  	 	44	  	  	 	2	  	  	 	73	  	  	 	3	  	 	 	74	  	  	 	3	  	 	 	78	  	  	 	4	  	 	 	83	  	  	 	4	  	
Energy	  	 	687	  	  	 	32	  	  	 	713	  	  	 	31	  	 	 	679	  	  	 	30	  	 	 	693	  	  	 	30	  	 	 	348	  	  	 	18	  	
Consumer—non-cyclical	  	 	180	  	  	 	8	  	  	 	217	  	  	 	9	  	 	 	217	  	  	 	9	  	 	 	226	  	  	 	10	  	 	 	229	  	  	 	12	  	
Consumer—cyclical	  	 	119	  	  	 	6	  	  	 	131	  	  	 	6	  	 	 	131	  	  	 	6	  	 	 	86	  	  	 	4	  	 	 	82	  	  	 	4	  	
Capital goods	  	 	128	  	  	 	6	  	  	 	152	  	  	 	7	  	 	 	153	  	  	 	7	  	 	 	216	  	  	 	9	  	 	 	193	  	  	 	10	  	
Industrial	  	 	273	  	  	 	13	  	  	 	303	  	  	 	13	  	 	 	263	  	  	 	11	  	 	 	279	  	  	 	12	  	 	 	244	  	  	 	13	  	
Technology and communications	  	 	365	  	  	 	17	  	  	 	355	  	  	 	15	  	 	 	335	  	  	 	15	  	 	 	320	  	  	 	14	  	 	 	309	  	  	 	16	  	
Transportation	  	 	28	  	  	 	1	  	  	 	30	  	  	 	1	  	 	 	30	  	  	 	1	  	 	 	2	  	  	 	—  	  	 	 	2	  	  	 	—  	  	
Other	  	 	86	  	  	 	4	  	  	 	96	  	  	 	4	  	 	 	110	  	  	 	5	  	 	 	102	  	  	 	4	  	 	 	89	  	  	 	4	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	2,137	  	  	 	100	% 	  	 	2,312	  	  	 	100	% 	 	 	2,277	  	  	 	100	% 	 	 	2,308	  	  	 	100	% 	 	 	1,938	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	39,123	  	  	 	100	% 	  	$	40,703	  	  	 	100	% 	 	$	39,817	  	  	 	100	% 	 	$	38,018	  	  	 	100	% 	 	$	36,600	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Fixed Maturity Securities—Contractual Maturity Dates:	  				  			 	  				  				 				  				 				  				 				  				
Due in one year or less	  	$	1,721	  	  	 	3	% 	  	$	1,775	  	  	 	3	% 	 	$	1,851	  	  	 	3	% 	 	$	1,879	  	  	 	3	% 	 	$	1,744	  	  	 	3	% 	
Due after one year through five years	  	 	10,938	  	  	 	18	  	  	 	11,309	  	  	 	18	  	 	 	11,024	  	  	 	18	  	 	 	10,730	  	  	 	18	  	 	 	10,192	  	  	 	18	  	
Due after five years through ten years	  	 	12,647	  	  	 	21	  	  	 	13,129	  	  	 	20	  	 	 	12,708	  	  	 	20	  	 	 	11,964	  	  	 	20	  	 	 	11,917	  	  	 	20	  	
Due after ten years	  	 	24,607	  	  	 	41	  	  	 	26,244	  	  	 	41	  	 	 	25,904	  	  	 	41	  	 	 	24,566	  	  	 	41	  	 	 	23,403	  	  	 	40	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	49,913	  	  	 	83	  	  	 	52,457	  	  	 	82	  	 	 	51,487	  	  	 	82	  	 	 	49,139	  	  	 	82	  	 	 	47,256	  	  	 	81	  	
Mortgage and asset-backed securities	  	 	10,659	  	  	 	17	  	  	 	11,323	  	  	 	18	  	 	 	11,341	  	  	 	18	  	 	 	11,151	  	  	 	18	  	 	 	10,941	  	  	 	19	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	60,572	  	  	 	100	% 	  	$	63,780	  	  	 	100	% 	 	$	62,828	  	  	 	100	% 	 	$	60,290	  	  	 	100	% 	 	$	58,197	  	  	 	100	% 	

 
44

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 General Account GAAP Net Investment Income Yields
(amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	 	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
GAAP Net Investment Income	  			 	  				  				  				  				 				  				  				  				  				
Fixed maturity securities—taxable	  	$	635	  	  	$	655	  	  	$	634	  	  	$	641	  	  	$	2,565	  	 	$	634	  	  	$	647	  	  	$	645	  	  	$	632	  	  	$	2,558	  	
Fixed maturity securities—non-taxable	  	 	3	  	  	 	3	  	  	 	3	  	  	 	3	  	  	 	12	  	 	 	3	  	  	 	3	  	  	 	3	  	  	 	3	  	  	 	12	  	
Commercial mortgage loans	  	 	81	  	  	 	79	  	  	 	77	  	  	 	81	  	  	 	318	  	 	 	85	  	  	 	84	  	  	 	83	  	  	 	85	  	  	 	337	  	
Restricted commercial mortgage loans related to securitization entities	  	 	2	  	  	 	3	  	  	 	3	  	  	 	2	  	  	 	10	  	 	 	4	  	  	 	3	  	  	 	3	  	  	 	4	  	  	 	14	  	
Equity securities	  	 	8	  	  	 	8	  	  	 	7	  	  	 	5	  	  	 	28	  	 	 	4	  	  	 	3	  	  	 	4	  	  	 	4	  	  	 	15	  	
Other invested assets	  	 	34	  	  	 	29	  	  	 	33	  	  	 	32	  	  	 	128	  	 	 	30	  	  	 	22	  	  	 	17	  	  	 	33	  	  	 	102	  	
Limited partnerships	  	 	2	  	  	 	5	  	  	 	—  	  	  	 	6	  	  	 	13	  	 	 	2	  	  	 	4	  	  	 	20	  	  	 	7	  	  	 	33	  	
Restricted other invested assets related to securitization entities	  	 	—  	  	  	 	—  	  	  	 	1	  	  	 	2	  	  	 	3	  	 	 	2	  	  	 	1	  	  	 	1	  	  	 	1	  	  	 	5	  	
Policy loans	  	 	39	  	  	 	38	  	  	 	34	  	  	 	35	  	  	 	146	  	 	 	36	  	  	 	33	  	  	 	35	  	  	 	33	  	  	 	137	  	
Cash, cash equivalents and short-term investments	  	 	4	  	  	 	5	  	  	 	6	  	  	 	5	  	  	 	20	  	 	 	3	  	  	 	3	  	  	 	4	  	  	 	3	  	  	 	13	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Gross investment income before expenses and fees	  	 	808	  	  	 	825	  	  	 	798	  	  	 	812	  	  	 	3,243	  	 	 	803	  	  	 	803	  	  	 	815	  	  	 	805	  	  	 	3,226	  	
Expenses and fees	  	 	(22	) 	  	 	(20	) 	  	 	(19	) 	  	 	(23	) 	  	 	(84	) 	 	 	(22	) 	  	 	(20	) 	  	 	(22	) 	  	 	(24	) 	  	 	(88	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Net investment income	  	$	786	  	  	$	805	  	  	$	779	  	  	$	789	  	  	$	3,159	  	 	$	781	  	  	$	783	  	  	$	793	  	  	$	781	  	  	$	3,138	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Annualized Yields	  			 	  				  				  				  				 				  				  				  				  				
Fixed maturity securities—taxable	  	 	4.5	% 	  	 	4.6	% 	  	 	4.6	% 	  	 	4.7	% 	  	 	4.6	% 	 	 	4.6	% 	  	 	4.6	% 	  	 	4.6	% 	  	 	4.6	% 	  	 	4.6	% 	
Fixed maturity securities—non-taxable	  	 	3.7	% 	  	 	3.7	% 	  	 	3.6	% 	  	 	3.6	% 	  	 	3.6	% 	 	 	3.5	% 	  	 	3.5	% 	  	 	3.5	% 	  	 	3.5	% 	  	 	3.5	% 	
Commercial mortgage loans	  	 	5.3	% 	  	 	5.2	% 	  	 	5.0	% 	  	 	5.2	% 	  	 	5.2	% 	 	 	5.5	% 	  	 	5.5	% 	  	 	5.4	% 	  	 	5.6	% 	  	 	5.5	% 	
Restricted commercial mortgage loans related to securitization entities	  	 	6.1	% 	  	 	7.4	% 	  	 	8.0	% 	  	 	5.1	% 	  	 	7.1	% 	 	 	9.5	% 	  	 	6.4	% 	  	 	7.2	% 	  	 	8.2	% 	  	 	8.0	% 	
Equity securities	  	 	5.2	% 	  	 	5.8	% 	  	 	5.8	% 	  	 	5.1	% 	  	 	5.6	% 	 	 	5.1	% 	  	 	4.0	% 	  	 	5.6	% 	  	 	6.1	% 	  	 	5.2	% 	
Other invested assets	  	 	46.2	% 	  	 	31.6	% 	  	 	31.9	% 	  	 	29.4	% 	  	 	34.5	% 	 	 	27.4	% 	  	 	22.2	% 	  	 	24.2	% 	  	 	60.6	% 	  	 	30.7	% 	
Limited partnerships (1)	  	 	4.1	% 	  	 	10.9	% 	  	 	—  	% 	  	 	13.2	% 	  	 	7.0	% 	 	 	4.2	% 	  	 	7.8	% 	  	 	37.0	% 	  	 	12.0	% 	  	 	15.5	% 	
Restricted other invested assets related to securitization entities	  	 	—  	% 	  	 	—  	% 	  	 	1.1	% 	  	 	2.0	% 	  	 	0.9	% 	 	 	2.0	% 	  	 	1.0	% 	  	 	1.0	% 	  	 	1.0	% 	  	 	1.3	% 	
Policy loans	  	 	8.9	% 	  	 	8.7	% 	  	 	8.2	% 	  	 	8.9	% 	  	 	8.7	% 	 	 	9.2	% 	  	 	8.4	% 	  	 	9.1	% 	  	 	8.8	% 	  	 	8.9	% 	
Cash, cash equivalents and short-term investments	  	 	0.5	% 	  	 	0.6	% 	  	 	0.6	% 	  	 	0.4	% 	  	 	0.5	% 	 	 	0.2	% 	  	 	0.3	% 	  	 	0.3	% 	  	 	0.2	% 	  	 	0.3	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Gross investment income before expenses and fees	  	 	4.6	% 	  	 	4.7	% 	  	 	4.6	% 	  	 	4.6	% 	  	 	4.6	% 	 	 	4.6	% 	  	 	4.6	% 	  	 	4.6	% 	  	 	4.6	% 	  	 	4.6	% 	
Expenses and fees	  	 	-0.1	% 	  	 	-0.1	% 	  	 	-0.1	% 	  	 	-0.1	% 	  	 	-0.1	% 	 	 	-0.1	% 	  	 	-0.1	% 	  	 	-0.1	% 	  	 	-0.1	% 	  	 	-0.1	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Net investment income	  	 	4.5	% 	  	 	4.6	% 	  	 	4.5	% 	  	 	4.5	% 	  	 	4.5	% 	 	 	4.5	% 	  	 	4.5	% 	  	 	4.5	% 	  	 	4.5	% 	  	 	4.5	% 	

Yields are based on net investment income as reported under GAAP and are consistent with how the company measures its investment performance for management purposes. Yields are annualized, for interim periods, and are calculated as net investment income as a percentage of average quarterly asset carrying values except for fixed maturity and equity securities, derivatives and derivative counterparty collateral, which exclude unrealized fair value adjustments and securities lending activity, which is included in other invested assets and is calculated net of the corresponding securities lending liability. See page 49 herein for average invested assets and cash used in the yield calculation.

(1)  	Limited partnership investments are equity-based and do not have fixed returns by period.	
 
45

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016

 Net Investment Gains (Losses), Net—Detail
(amounts in millions)

 	  	2016	 	 	2015	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net realized gains (losses) on available-for-sale securities:	  			 	  				 				 				 				 				 				 				 				 				
Fixed maturity securities:	  			 	  				 				 				 				 				 				 				 				 				
U.S. corporate	  	$	(1	) 	  	$	2	  	 	$	—	  	 	$	(7	) 	 	$	(6	) 	 	$	12	  	 	$	(3	) 	 	$	—  	  	 	$	—  	  	 	$	9	  	
U.S. government, agencies and government-sponsored enterprises	  	 	(19	) 	  	 	15	  	 	 	137	  	 	 	7	  	 	 	140	  	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	4	  	
Foreign corporate	  	 	1	  	  	 	(1	) 	 	 	(6	) 	 	 	(8	) 	 	 	(14	) 	 	 	(6	) 	 	 	(1	) 	 	 	(2	) 	 	 	(7	) 	 	 	(16	) 	
Foreign government	  	 	1	  	  	 	4	  	 	 	—  	  	 	 	—  	  	 	 	5	  	 	 	(2	) 	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	
Tax-exempt	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Mortgage-backed securities	  	 	13	  	  	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	12	  	 	 	—  	  	 	 	(3	) 	 	 	2	  	 	 	—  	  	 	 	(1	) 	
Asset-backed securities	  	 	(1	) 	  	 	(5	) 	 	 	(10	) 	 	 	—  	  	 	 	(16	) 	 	 	(2	) 	 	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	(4	) 	
Equity securities	  	 	2	  	  	 	1	  	 	 	—  	  	 	 	1	  	 	 	4	  	 	 	1	  	 	 	3	  	 	 	12	  	 	 	7	  	 	 	23	  	
Foreign exchange	  	 	2	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	6	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities	  	 	(2	) 	  	 	15	  	 	 	122	  	 	 	(7	) 	 	 	128	  	 	 	7	  	 	 	(4	) 	 	 	14	  	 	 	3	  	 	 	20	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:	  			 	  				 				 				 				 				 				 				 				 				
Corporate fixed maturity securities	  	 	—  	  	  	 	—  	  	 	 	(16	) 	 	 	(8	) 	 	 	(24	) 	 	 	(15	) 	 	 	(6	) 	 	 	—  	  	 	 	—  	  	 	 	(21	) 	
Foreign government	  	 	—  	  	  	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Limited partnerships	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(3	) 	 	 	(3	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Commercial mortgage loans	  	 	—  	  	  	 	—  	  	 	 	(4	) 	 	 	—  	  	 	 	(4	) 	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(3	) 	 	 	(4	) 	
Commercial mortgage-backed securities	  	 	—  	  	  	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Other asset-backed securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	(2	) 	
Equity securities	  	 	(5	) 	  	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	(7	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments	  	 	(5	) 	  	 	(2	) 	 	 	(22	) 	 	 	(11	) 	 	 	(40	) 	 	 	(15	) 	 	 	(9	) 	 	 	—  	  	 	 	(3	) 	 	 	(27	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized gains (losses) on trading securities	  	 	(30	) 	  	 	(4	) 	 	 	16	  	 	 	28	  	 	 	10	  	 	 	(9	) 	 	 	12	  	 	 	(16	) 	 	 	6	  	 	 	(7	) 	
Limited partnerships	  	 	6	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	6	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Commercial mortgage loans held-for-sale market valuation allowance	  	 	—  	  	  	 	(1	) 	 	 	1	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	1	  	 	 	2	  	 	 	2	  	 	 	7	  	
Net gains (losses) related to securitization entities	  	 	1	  	  	 	2	  	 	 	(61	) 	 	 	8	  	 	 	(50	) 	 	 	(4	) 	 	 	(1	) 	 	 	2	  	 	 	8	  	 	 	5	  	
Derivative instruments	  	 	72	  	  	 	10	  	 	 	(24	) 	 	 	(38	) 	 	 	20	  	 	 	3	  	 	 	(53	) 	 	 	6	  	 	 	(32	) 	 	 	(76	) 	
Contingent purchase price valuation change	  	 	—  	  	  	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	2	  	
Other	  	 	(1	) 	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), gross	  	 	41	  	  	 	20	  	 	 	30	  	 	 	(19	) 	 	 	72	  	 	 	(16	) 	 	 	(51	) 	 	 	8	  	 	 	(16	) 	 	 	(75	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	(1	) 	  	 	—  	  	 	 	6	  	 	 	9	  	 	 	14	  	 	 	11	  	 	 	10	  	 	 	6	  	 	 	8	  	 	 	35	  	
Adjustment for net investment (gains) losses attributable to noncontrolling interests	  	 	(12	) 	  	 	(2	) 	 	 	3	  	 	 	(9	) 	 	 	(20	) 	 	 	4	  	 	 	8	  	 	 	(9	) 	 	 	7	  	 	 	10	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net	  	$	28	  	  	$	18	  	 	$	39	  	 	$	(19	) 	 	$	66	  	 	$	(1	) 	 	$	(33	) 	 	$	5	  	 	$	(1	) 	 	$	(30	) 	

 
46

Reconciliations of Non-GAAP Measures
 
47

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 Reconciliation of Operating ROE
(amounts in millions)

Twelve Month Rolling Average ROE	  	Twelve months ended	 	
 	  	December 31,
2016	 	 	September 30,
2016	 	 	June 30,
2016	 	 	March 31,
2016	 	 	December 31,
2015	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended (1)	  	$	(277	) 	 	$	(447	) 	 	$	(351	) 	 	$	(716	) 	 	$	(615	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	9,790	  	 	$	9,900	  	 	$	10,042	  	 	$	10,160	  	 	$	10,281	  	
GAAP Basis ROE (1)/(2)	  	 	-2.8	% 	 	 	-4.5	% 	 	 	-3.5	% 	 	 	-7.0	% 	 	 	-6.0	% 	
						
Operating ROE	  				 				 				 				 				
Adjusted operating income (loss) for the twelve months ended (1)	  	$	(316	) 	 	$	(261	) 	 	$	208	  	 	$	204	  	 	$	255	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	9,790	  	 	$	9,900	  	 	$	10,042	  	 	$	10,160	  	 	$	10,281	  	
Operating ROE (1)/(2)	  	 	-3.2	% 	 	 	-2.6	% 	 	 	2.1	% 	 	 	2.0	% 	 	 	2.5	% 	
		
Quarterly Average ROE	  	Three months ended	 	
 	  	December 31,
2016	 	 	September 30,
2016	 	 	June 30,
2016	 	 	March 31,
2016	 	 	December 31,
2015	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended (3)	  	$	(122	) 	 	$	(380	) 	 	$	172	  	 	$	53	  	 	$	(292	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	9,610	  	 	$	9,857	  	 	$	9,958	  	 	$	9,842	  	 	$	9,958	  	
Annualized GAAP Quarterly Basis ROE (3)/(4)	  	 	-5.1	% 	 	 	-15.4	% 	 	 	6.9	% 	 	 	2.2	% 	 	 	-11.7	% 	
						
Operating ROE	  				 				 				 				 				
Adjusted operating income (loss) for the period ended (3)	  	$	(137	) 	 	$	(405	) 	 	$	123	  	 	$	103	  	 	$	(82	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	9,610	  	 	$	9,857	  	 	$	9,958	  	 	$	9,842	  	 	$	9,958	  	
Annualized Operating Quarterly Basis ROE (3)/(4)	  	 	-5.7	% 	 	 	-16.4	% 	 	 	4.9	% 	 	 	4.2	% 	 	 	-3.3	% 	
Non-GAAP Definition for Operating ROE
The company references the non-GAAP financial measure entitled “operating return on equity” or “operating ROE.” The company defines operating ROE as adjusted operating income (loss) divided by average ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) in average ending Genworth Financial, Inc.’s stockholders’ equity. Management believes that analysis of operating ROE enhances understanding of the efficiency with which the company deploys its capital. However, operating ROE is not a substitute for net income (loss) available to Genworth Financial, Inc.’s common stockholders divided by average ending Genworth Financial, Inc.’s stockholders’ equity determined in accordance with GAAP.

(1)  	The twelve months ended information is derived by adding the four quarters of net income (loss) available to Genworth Financial, Inc.’s common stockholders and adjusted operating income (loss) from page 9 herein.	
(2)  	Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), for the most recent five quarters.	
(3)  	Net income (loss) available to Genworth Financial, Inc.’s common stockholders and adjusted operating income (loss) from page 9 herein.	
(4)  	Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss).	
 
48

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 
 Reconciliation of Core Yield

 	 	 	  	2016	 	 	2015	 	
 	 	(Assets—amounts in billions)	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
	 	Reported—Total Invested Assets and Cash	  	$	74.4	  	  	$	78.3	  	 	$	77.6	  	 	$	76.0	  	 	$	74.4	  	 	$	75.1	  	 	$	75.6	  	 	$	75.3	  	 	$	77.9	  	 	$	75.1	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Securities lending	  	 	0.5	  	  	 	0.4	  	 	 	0.3	  	 	 	0.4	  	 	 	0.5	  	 	 	0.3	  	 	 	0.4	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	
	 	Unrealized gains (losses)	  	 	4.3	  	  	 	7.7	  	 	 	7.6	  	 	 	6.3	  	 	 	4.3	  	 	 	4.2	  	 	 	5.4	  	 	 	4.9	  	 	 	7.8	  	 	 	4.2	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	Adjusted end of period invested assets and cash	  	$	69.6	  	  	$	70.2	  	 	$	69.7	  	 	$	69.3	  	 	$	69.6	  	 	$	70.6	  	 	$	69.8	  	 	$	70.1	  	 	$	69.8	  	 	$	70.6	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)	 	Average Invested Assets and Cash Used in Reported Yield Calculation	  	$	69.8	  	  	$	69.7	  	 	$	69.5	  	 	$	70.0	  	 	$	69.8	  	 	$	70.2	  	 	$	70.0	  	 	$	70.0	  	 	$	69.7	  	 	$	70.0	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	0.1	  	  	 	0.3	  	 	 	0.1	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)	 	Average Invested Assets and Cash Used in Core Yield Calculation	  	$	69.7	  	  	$	69.4	  	 	$	69.4	  	 	$	69.8	  	 	$	69.6	  	 	$	70.0	  	 	$	69.8	  	 	$	69.8	  	 	$	69.5	  	 	$	69.8	  	

	 	(Income—amounts in millions)	  			 	  				 				 				 				 				 				 				 				 				
		 										
(C)	 	Reported—Net Investment Income	  	$	786	  	  	$	805	  	 	$	779	  	 	$	789	  	 	$	3,159	  	 	$	781	  	 	$	783	  	 	$	793	  	 	$	781	  	 	$	3,138	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Bond calls and commercial mortgage loan prepayments	  	 	22	  	  	 	14	  	 	 	5	  	 	 	11	  	 	 	52	  	 	 	18	  	 	 	12	  	 	 	17	  	 	 	14	  	 	 	61	  	
	 	Other non-core items (2)	  	 	(17	) 	  	 	8	  	 	 	(6	) 	 	 	15	  	 	 	—  	  	 	 	(2	) 	 	 	1	  	 	 	(4	) 	 	 	7	  	 	 	2	  	
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	2	  	  	 	1	  	 	 	2	  	 	 	3	  	 	 	8	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	3	  	 	 	10	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(D)	 	Core Net Investment Income	  	$	779	  	  	$	782	  	 	$	778	  	 	$	760	  	 	$	3,099	  	 	$	762	  	 	$	768	  	 	$	778	  	 	$	757	  	 	$	3,065	  	

(C) / (A)	 	Reported Yield	  	 	4.50	% 	  	 	4.62	% 	 	 	4.48	% 	 	 	4.51	% 	 	 	4.53	% 	 	 	4.45	% 	 	 	4.47	% 	 	 	4.53	% 	 	 	4.48	% 	 	 	4.48	% 	
(D) / (B)	 	Core Yield	  	 	4.47	% 	  	 	4.51	% 	 	 	4.48	% 	 	 	4.36	% 	 	 	4.45	% 	 	 	4.35	% 	 	 	4.40	% 	 	 	4.46	% 	 	 	4.36	% 	 	 	4.39	% 	
 
Notes:	Columns may not add due to rounding.	
    	Yields have been annualized.	
Non-GAAP Definition for Core Yield
The company references the non-GAAP financial measure entitled “core yield” as a measure of investment yield. The company defines core yield as the investment yield adjusted for items that do not reflect the underlying performance of the investment portfolio. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield is not a substitute for investment yield determined in accordance with GAAP.

(1)  	Represents the incremental assets and investment income related to restricted commercial mortgage loans and other invested assets.	
(2)  	Includes cost basis adjustments on structured securities and various other immaterial items.	
 
49

Corporate Information
 
50

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2016
 Financial Strength Ratings As Of February 6, 2017

Company	  	Standard & Poor’s Financial
Services LLC (S&P)	  	Moody’s Investors Service, Inc.
(Moody’s)	  	A.M. Best Company, Inc.
(A.M. Best)	
Genworth Mortgage Insurance Corporation	  	BB+ (Marginal)	  	Ba1 (Questionable)	  	Not rated	
Genworth Financial Mortgage Insurance Company Canada (1)	  	A+ (Strong)	  	Not rated	  	Not rated	
Genworth Financial Mortgage Insurance Pty Limited (Australia) (2)	  	A+ (Strong)	  	A3 (Good)	  	Not rated	
Genworth Life Insurance Company	  	BB- (Marginal)	  	Ba2 (Questionable)	  	B (Fair)	
Genworth Life and Annuity Insurance Company	  	BB- (Marginal)	  	Baa2 (Adequate)	  	B++ (Good)	
Genworth Life Insurance Company of New York	  	BB- (Marginal)	  	Ba2 (Questionable)	  	B (Fair)	
The S&P, Moody’s, A.M. Best, Dominion Bond Rating Service (DBRS) and Fitch Rating Service (Fitch) ratings included are not designed to be, and do not serve as, measures of protection or valuation offered to investors. These financial strength ratings should not be relied on with respect to making an investment in the company’s securities.
S&P states that insurers rated “A” (Strong) or “BB” (Marginal) have strong or marginal financial security characteristics, respectively. The “A” and “BB” ranges are the third- and fifth-highest of nine financial strength rating ranges assigned by S&P, which range from “AAA” to “R.” A plus (+) or minus (-) shows relative standing within a major rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “CCC” category. Accordingly, the “A+,” “BB+” and “BB-” ratings are the fifth-, eleventh- and thirteenth-highest of S&P’s 21 ratings categories.
Moody’s states that insurance companies rated “A” (Good) offer good financial security, that insurance companies rated “Baa” (Adequate) offer adequate financial security and that insurance companies rated “Ba” (Questionable) offer questionable financial security. The “A” (Good), “Baa” (Adequate) and “Ba” (Questionable) ranges are the third-, fourth- and fifth-highest, respectively, of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the group, with 1 being the highest and 3 being the lowest. These modifiers are not added to ratings in the “Aaa” category or to ratings below the “Caa” category. Accordingly, the “A3,” “Baa2,” “Ba1” and “Ba2” ratings are the seventh-, ninth-, eleventh- and twelfth-highest, respectively, of Moody’s 21 ratings categories.
A.M. Best states that the “B++” (Good) rating is assigned to those companies that have, in its opinion, a good ability to meet their ongoing insurance obligations while “B” (Fair) is assigned to those companies that have, in its opinion, a fair ability to meet their ongoing insurance obligations. The “B++” (Good) and “B” (Fair) ratings are the fifth- and seventh-highest of 15 ratings assigned by A.M. Best, which range from “A++” to “F.”
DBRS states that long-term obligations rated “AA” are of superior credit quality. The capacity for the payment of financial obligations is considered high and unlikely to be significantly vulnerable to future events. Credit quality differs from “AAA” only to a small degree.
The Australian mortgage insurance subsidiary also solicits a rating from Fitch. Fitch states that “A” (Strong) rated insurance companies are viewed as possessing strong capacity to meet policyholder and contract obligations. The “A” rating category is the third-highest of nine financial strength rating categories, which range from “AAA” to “C.” The symbol (+) or (-) may be appended to a rating to indicate the relative position of a credit within a rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “B” category. Accordingly, the “A+” rating is the fifth-highest of Fitch’s 21 ratings categories.
The company also solicits a rating from HR Ratings on a local scale for Genworth Seguros de Credito a la Vivienda S.A. de C.V., its Mexican mortgage insurance subsidiary, with a short-term rating of “HR1” and long-term rating of “HR AA-.” For short-term ratings, HR Ratings states that “HR1” rated companies are viewed as exhibiting high capacity for timely payment of debt obligations in the short-term and maintain low credit risk. The “HR1” short-term rating category is the highest of six short-term rating categories, which range from “HR1” to “HR D.” For long-term ratings, HR Ratings states that “HR AA-” rated companies are viewed as having high credit quality and offer high safety for timely payment of debt obligations and maintain low credit risk under adverse economic scenarios. The “HR AA-” long-term rating is the second-highest of HR Rating’s eight long-term rating categories, which range from “HR AAA” to “HR D.”
S&P, Moody’s, A.M. Best, DBRS, Fitch and HR Ratings review their ratings periodically and the company cannot assure you that it will maintain the current ratings in the future. Other agencies may also rate the company or its insurance subsidiaries on a solicited or an unsolicited basis.

(1)	Genworth Financial Mortgage Insurance Company Canada is also rated “AA” by DBRS.	
(2)	Genworth Financial Mortgage Insurance Pty Limited (Australia) is also rated “A+” by Fitch.	
 
51

Earnings Summary February 7, 2017 Fourth Quarter 2016 Exhibit 99.3

Genworth 4Q16 Earnings Presentation - February 7, 2017 This presentation contains certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning & include, but are not limited to, statements regarding the outlook for future business and financial performance of Genworth Financial, Inc. (Genworth) and its consolidated subsidiaries. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including those discussed at the end of this presentation, as well as in the risk factors section of Genworth’s Annual Report on Form 10-K, filed with the United States Securities and Exchange Commission (SEC) on February 26, 2016 and as updated in Genworth’s Form 10-Q filed with the SEC on November 8, 2016. Genworth undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise. Assumptions This presentation discusses assumptions related to Genworth’s long term care insurance, life insurance and annuities businesses. Genworth calculates and maintains reserves for the estimated future payment of claims to its policyholders and contractholders in accordance with applicable accounting and regulatory requirements. Long term care insurance, life insurance and annuities reserves are based on assumptions which extend for many years into the future about expenses, premium persistency, mortality, morbidity, lapse rates, future yield on related investments and other assumptions. Many factors can affect these reserves, including, but not limited to, interest rates, policyholder behavior, economic and social conditions, mortality and morbidity trends, inflation, healthcare experience, future premium rate increases, changes in doctrines of legal liability and damage awards in litigation. Therefore, the reserves Genworth establishes are necessarily based on estimates, assumptions and its analysis of historical experience and inherently uncertain predictions about the future.  Genworth’s results depend significantly upon the extent to which its actual experience (including with respect to future premium increases) is consistent with the assumptions it used in determining its reserves and pricing its products.  Genworth’s reserve assumptions and estimates require significant judgment and, therefore, are inherently uncertain. Genworth cannot determine with precision the ultimate amounts that it will pay for actual benefits or the timing of those payments. In addition, where circumstances warrant, Genworth changes its actuarial assumptions based on its monitoring of actual experience. Genworth also bases its reserves on complex calculations run through various models. Refinements to those models also can impact reserve levels. For additional information about Genworth’s assumptions, refer to the Critical Accounting Estimates sub-section of the Management’s Discussion and Analysis of Financial Condition and Results of Operations section of Genworth’s Annual Report on Form 10-K, filed with the SEC on February 26, 2016 and as updated in Genworth’s Form 10-Q filed with the SEC on November 8, 2016. Non-GAAP1 And Other Items All financial data is as of December 31, 2016 unless otherwise noted. For additional information, please see Genworth’s fourth quarter of 2016 earnings release and financial supplement posted at genworth.com. For important information regarding the use of non-GAAP and selected operating performance measures, see the Appendix. Unless otherwise noted, all references in this presentation to net income (loss) and adjusted operating income (loss), formally labeled “net operating income (loss)” should be read as net income (loss) available to Genworth’s common stockholders and adjusted operating income (loss) available to Genworth’s common stockholders, respectively. Cautionary Note Regarding Forward-Looking Statements 1U.S. Generally Accepted Accounting Principles

Key Financial Themes For The 4th Quarter Financial Performance GAAP Annual Assumption Review Complete For U.S. Life Insurance Long Term Care Insurance (LTC) Active Life GAAP Margins Of ~$1.0 To $1.5 Billion Universal Life1 (UL) Insurance After-Tax Charges Of $196MM Primarily Reflecting Updates To Mortality Assumptions Statutory & Cash Flow Testing Results For U.S. Life Insurance Companies In Process & Expected To Be Made Available At The Time Of The Form 10-K Filing U.S. Mortgage Insurance (MI) Strong Performance Continued As Full Year Adjusted Operating Income & New Insurance Written (NIW) Increased 40% & 35%, Respectively, Compared To 2015 Strong Loss Ratio & Capital Levels For U.S. MI, Canada MI & Australia MI; Full Year Loss Ratios Within Or Better Than Outlook Holding Company Cash & Liquid Assets Of ~$1.1 Billion 1Includes Both Universal Life & Term Universal Life Insurance Genworth 4Q16 Earnings Presentation - February 7, 2017

U.S. MI 2016 Adjusted Operating Income Of $250MM Is Second Highest Year Since IPO In 2004 Strong Flow Insurance In Force Growth With A 3 Year Compound Annual Growth Rate (“CAGR”) Of ~9% Flow Delinquencies Down To Less Than 25K After Reaching A Crisis Peak Of Over 107K In 4Q09 PMIERs1 Sufficiency Ratio Of 115% Of Required Assets Provides A Strong Capital Level Canada MI Financial Performance Has Driven Strong Capital Level & Sustained Dividends Mortgage Rule Changes Impacting MI Market Size, But Positive Impact On Portfolio Quality Recently Announced Average Premium Rate Increase Of ~20% In Response To Higher Capital Requirements Compliant With New Capital Framework That Was Effective January 1, 2017 Australia MI Regulatory Focus On Mortgage Lending Quality Driving Flow NIW Lower Strong Capital Generation From Portfolio Seasoning & Smaller Recent Books Continued Pressure From Mining Areas … Remaining Portfolio Performing Well Key Genworth Mortgage Insurance Perspectives 1Private Mortgage Insurer Eligibility Requirements Genworth 4Q16 Earnings Presentation - February 7, 2017

4Q16 Results Summary – Genworth Consolidated U.S. MI: 61 Insurance In Force Growth & New Delinquency Decline Continue To Drive Strong Results Strong Loss Ratio Performance Canada MI: 39 Continued Higher Earned Premiums From Increased Level Of NIW In Recent Years Strong Loss Ratio Performance Australia MI: 14 Sequential Loss Ratio Improvement Offset By Lower Premiums & Higher Expenses U.S. Life Insurance: (154) UL Assumption Updates Negatively Impacting Results By $196MM Primarily Reflecting Updates To Mortality Assumptions Less Favorable Variable Investment Income & Higher Sequential Mortality Runoff: 6 Unfavorable Assumption Updates For Variable Annuities Corporate & Other: (103) Non-Cash Charge Related To Deferred Tax Assets & An Increase In Professional Fees & Legal Expenses Adjusted Operating Income (Loss)1 ($MM) 1Non-GAAP Measure, See Appendix For Additional Information Net Loss (292) (82) (405) (137) Net Loss (122) Net Loss (380) 4Q15 3Q16 4Q16 Genworth 4Q16 Earnings Presentation - February 7, 2017

U.S. Mortgage Insurance ($MM) ($MM) Benefits/Changes In Policy Reserves Premiums Flow NIW7,80012,80011,100 Loss Ratio39%21%28% Primary Delqs (#)31,66325,80325,709 Primary New Delqs (#)10,0439,6099,504 Primary Paid Claims (#)2,5341,5611,397 Primary Cures (#)8,8358,0438,201 % Of RIF1 2009+268%75%77% Premiums Up Sequentially & Versus Prior Year On Continued Solid Growth In Insurance In Force Annual Increase In NIW Versus Prior Year From Higher Purchase Originations & Market Share; Full Year 2016 NIW Up 35% Versus 2015 Single Premium NIW Mix Down Sequentially & Versus Prior Year On Selective Participation Primary New Delinquencies Down 1% Sequentially On Seasonality & Down 5% Versus The Prior Year 3Q16 Net Favorable Adjustment To Loss Reserves Of $10MM Pre-Tax Favorably Impacted Loss Ratio By 6 Points Full Year 2016 Loss Ratio Of 24%, Better Than 30-40% Outlook 1Risk In Force; 2In 2Q16, All Flow RIF Metrics Were Based Upon More Current Loan Balances As Provided By Servicers, Lenders & Investors & Are Consistent With The Presentation Under PMIERs. 4Q15 Has Been Re-Presented To Reflect These Modified Metrics.  Genworth 4Q16 Earnings Presentation - February 7, 2017

Flow NIW4,7005,3003,900 Bulk NIW7,3005,1003,700 Canada Mortgage Insurance ($MM) ($MM) Loss Ratio23%24%18% Total Delqs (#)1,8292,0272,070 New Delqs (#)1,1981,2521,228 Paid Claims (#)373427393 Cures (#)711759792 Benefits/Changes In Policy Reserves Premiums Unfavorable $2MM Premium Impact From Foreign Exchange (FX) Versus Prior Quarter; Full Year Unfavorable FX Impact Of $25MM Excluding FX, Premiums Higher Versus Prior Quarter & Prior Year Reflecting Relatively Larger 2015 & 2016 Books Excluding FX, Flow NIW Decreased Versus Prior Quarter From Seasonally Smaller Originations Market & Versus Prior Year From Targeted Underwriting Changes In Select Markets & Smaller Market Size Loss Ratio Down Sequentially & Versus Prior Year From A Decrease In New Delinquencies, Net Of Cures Full Year 2016 Loss Ratio Of 22%, Better Than Outlook Of 25-35% 2017 Full Year Loss Ratio Outlook 25-35% Genworth 4Q16 Earnings Presentation - February 7, 2017

Australia Mortgage Insurance ($MM) ($MM) Benefits/Changes In Policy Reserves Premiums Flow NIW4,6004,6005,000 Bulk NIW--- Loss Ratio17%42%30% Total Delqs (#)5,5526,8446,731 New Delqs (#)2,4013,2142,786 Paid Claims (#)291321312 Cures (#)2,3622,4622,587 Favorable $5MM Premium Impact From FX Versus Prior Year Excluding FX, Flow NIW Up Sequentially From A Larger Originations Market & Up Versus Prior Year New Delinquencies Lower Versus Prior Quarter Across All Regions On Seasonality Although Remain Elevated In Mining Regions; Up 16% Versus Prior Year Full Year 2016 Loss Ratio Of 34%, Within Outlook Of 25%-35% Full Year 2017 Loss Ratio Outlook Of 40%-50% Genworth 4Q16 Earnings Presentation - February 7, 2017

MI Businesses – Capital Adequacy1 1Company Estimate For 4Q16, Due To Timing Of The Filing Of Statutory Statements; 2Risk-To-Capital; 3Calculated As Available Assets Divided By Required Assets As Defined Within PMIERs. As of December 31, 2015, September 30, 2016 & December 31, 2016, The PMIERs Sufficiency Ratios Were In Excess Of ~$200 Million, ~$400 Million & ~$350 Million, Respectively, Of Available Assets Above The PMIERs Requirements. Company Estimate For 4Q16; 4Minimum Capital Test; 5Prescribed Capital Amount MCT Ratio Up From Prior Quarter & Prior Year On Strong Earnings Performance New Regulatory Capital Framework Effective January 1, 2017 With Estimated December 31, 2016 Pro-Forma Range Of 158-162%, Above A Recalibrated Minimum Target Of 150% Target PCA Range: 132% to 144% Target MCT Ratio: 220% PCA Ratio Improved Sequentially With Portfolio Seasoning Improving Capital Levels Strong PMIERs Sufficiency Ratio In Excess Of ~$350MM Above Requirements Australia – PCA5 (%) Canada – MCT4 (%) U.S. MI – Consolidated RTC2 Target RTC Ratio: <18.0:1 PMIERs Sufficiency3109%117%115% Genworth 4Q16 Earnings Presentation - February 7, 2017

4Q16 Summary – U.S. Life Insurance ($MM) Highlights Adjusted Operating Income (Loss) (135) (207) (154) Life Fixed Annuities LTC LTC Less Favorable Impact From Reduced Benefit Elections From In-Force Policyholders Versus Prior Quarter & Prior Year 4Q16 Results Include $7MM After-Tax Increase To Reserves Associated With Profits Followed By Losses 3Q16 Results Include Claim Reserves Strengthening Impact Of $283MM After-Tax Life Insurance Annual Assumption Reviews Resulted In Net After-Tax Charges Of $196MM In 4Q16 & $194MM In 4Q15 Unfavorable Mortality Versus Prior Quarter & Prior Year Less Favorable Variable Investment Income Versus Prior Quarter & Prior Year Fixed Annuities Annual Assumption Review Benefits Of $10MM After-Tax Primarily Related To Lapses & Model Updates Favorable State Guaranty Fund Annual Assessment Adjustment Of $6MM After-Tax In 4Q16 & An Unfavorable $8MM After-Tax Correction Related To State Guaranty Funds In 3Q16 Genworth 4Q16 Earnings Presentation - February 7, 2017

Benefits & Other Changes In Policy Reserves & Loss Ratio (%) Long Term Care Insurance Results Reflect Low Interest Rate Environment & Variability In Prepayment Speeds, Limited Partnership Performance & Bond Call Income 3Q16 Claim Reserves Strengthening Of $435MM Pre-Tax $45MM In 4Q16 Estimated Pre-Tax Favorable Impact From In Force Premium Rate Actions Implemented In 4Q161 $103MM Estimated Pre-Tax Benefit In 4Q16 From Implemented In Force Premium Rate Actions1 Net Investment Income & Yield Premiums 72.9% 145.5% 78.6% 1$140MM Pre-Tax (Or $91MM After-Tax) Impact From Rate Actions In 4Q16 Includes $(8)MM Pre-Tax Impact From Commissions, Premium Tax & Other Adjustments ($MM) ($MM) ($MM) Genworth 4Q16 Earnings Presentation - February 7, 2017

Approved Filings FY15 Actual 1Q16 Actual 2Q16 Actual 3Q16 Actual 4Q16 Actual Comments State Filings Approved1 69 21 31 24 20 96 Approvals On ~$719MM Annualized In Force Premiums At ~28% Average For Full Year 2016; In Line With Expectations For 2015 Margin Testing Impacted In Force Premium ($MM) 739 144 200 240 135 Weighted Average % Rate Increase Approved on Impacted In Force 29% 30% 21% 36% 25% Filings Submitted FY15 Actual 1Q16 Actual 2Q16 Actual 3Q16 Actual 4Q16 Actual Comments State Filings Submitted 79 19 26 26 8 2016 Filings In Line With Expectations In 2015 Margin Testing In Force Premium Submitted ($MM) 546 206 348 56 224 LTC In Force Premium Rate Increase Estimated Adjusted Operating Income From Rate Actions3 ($MM)186255 921039991385 2Includes All Implemented Rate Actions Since 2012. Earned Premium & Reserve Change Estimates Reflect Certain Simplifying Assumptions That May Vary Materially From Actual Historical Results, Including But Not Limited To, A Uniform Rate Of Co-Insurance & Premium Taxes In Addition To Consistent Policyholder Behavior Over Time. Actual Behavior May Differ Significantly From These Assumptions; Excludes Reserve Updates Resulting From Profits Followed By Losses; 3Estimated Adjusted Operating Income From Rate Actions Includes Estimates For Commissions & Premium Taxes, Net Of Tax Of $(8)MM, $(14)MM, $(4)MM, $(5)MM, $(5)MM, $(5)MM & $(19)MM, Respectively; 41Q16 Included ($4MM) After-Tax Unfavorable Correction Related To The Calculation For Reduced Benefit Options Premiums, Net Reserve Changes, Net Rate Action Progress Estimated Impact To Adjusted Operating Income (Loss) From Rate Actions & Key Drivers2 12015 State Filings Approved Were Previously Reported On A Rate Action Basis By Including Multiple Product Filings In A Number Of States (i.e. 2012 Rate Action, Which Included Combined Approvals For Pre-PCS, PCS1, PCS2 & Choice 1, And/Or 2013 Rate Action For Choice 2). State Filings Approved On That Basis For 2015 Was 35. 2015 & 2016 State Filings Approved Reporting Reflects Individual Product Filings (i.e. Individually For Pre-PCS, PCS1, PCS2, Choice 1 & Choice 2). Genworth 4Q16 Earnings Presentation - February 7, 2017

LTC: Margin Testing GAAP & Statutory Margin Testing Margin Testing Results PGAAP Positive Margin; No Unlocking Of Reserves HGAAP Positive Margin Although Decline From Prior Year Statutory In Process – Expected To Be Made Available At The Time Of The Form 10-K Filing Key Assumption Updates Included Claim Severity: Increased Severity Assumptions From 3Q16 Claims Reserve Update Which Primarily Reflected Lower Claim Termination Rates For Longer Duration Claims Premium Rate Increases: Future Rate Action Plan Updated To Reflect New Liability Assumptions Modeling: Updates To Healthy Life Assumptions Including Incidence, Mortality & Lapse Group LTC: Assumption Updates Included Morbidity, Mortality, Lapse & Premium Rate Increases Genworth 4Q16 Earnings Presentation - February 7, 2017 ~$1.0 To $1.5B Ending Margin

Benefits & Other Changes In Policy Reserves Life Insurance Variability In Prepayment Speed Adjustments Impacting Reported Net Investment Income & Yield Annual Assumption Reviews Resulted In An Increase Of $208MM Pre-Tax In 4Q16 & $187MM Pre-Tax In 4Q15 Unfavorable Mortality Versus The Prior Quarter & Versus The Prior Year Lower Premiums Versus Prior Year From Reinsurance Transactions Completed In Early 2016 Net Investment Income & Yield Premiums & Policy Fees & Other Income ($MM) ($MM) ($MM) Genworth 4Q16 Earnings Presentation - February 7, 2017

Life Insurance After Updates To These & Other Assumptions, Net Unfavorable $196MM After-Tax Impact To GAAP Results In 4Q16 Statutory Results, Including Standalone Testing (Actuarial Guideline 38) Of Universal Life Insurance Products With Secondary Guarantees, Are In Process & Expected To Be Made Available At The Time Of The Form 10-K Filing Assumption Negative Driver Mortality More Credible Later Duration Experience Which Is Emerging Higher Lower Mortality Experience At Younger Ages 3rd Party Validation Of Assumption Changes Performed Interest Rates Reflecting Latest View Of Forward Curve & Investment Strategy 10-Year Treasury Yield Growing To ~3.7% In 30 Years Persistency Align Term UL Level Period Lapse & Shock Lapse With Term Life Genworth 4Q16 Earnings Presentation - February 7, 2017 Key Assumption Updates For UL & Term UL That Require Additional Reserves

SPDA2 Spread1.67%1.61%1.65% SPIA3 Spread1.00%1.16%1.12% Fixed Annuities 1Net Investment Income Less Interest Credited; 2Single Premium Deferred Annuities; Excludes Fixed Indexed Annuities; 3Single Premium Immediate Annuities; Includes Both Paid & Unpaid Interest Credited; 4Excludes Incurred But Not Reported; Mortality Gain (Loss) Represents The Pre-Tax Income Impact Of The Product's Actual Mortality Experience Compared To The Mortality Assumptions Embedded In The Reserves Of The Product ($MM) ($MM) Benefits/Changes In Policy Reserves & SPIA Mortality Net Investment Spread1 SPIA Mortality G/(L)4(7)(7)(2) Variability In Prepayment Speeds, Limited Partnership Performance & Bond Call Income Impacting Reported Investment Spreads Mortality Favorable Versus Prior Quarter & Prior Year Favorable Versus Prior Quarter From 3Q16 Loss Recognition Testing & Market Impacts; Results Favorable To Prior Year Due To Suspension Of Sales & From Market Impacts Genworth 4Q16 Earnings Presentation - February 7, 2017

Net Investment Income ($MM) Highlights Net Investment Income 1Non-GAAP Measure, See Appendix 2Commercial Mortgage Loans GNW Reported Yield4.45%4.62%4.50% GNW Core Yield14.35%4.51%4.47% U.S. Life Ins. Segment Reported Yield4.82%4.99%4.79% Impairments(15)(2)(5) Continued Variability In Net Investment Income From Prepayment Speeds, Limited Partnership Performance & Bond Call Income $3.1B Of Purchases In 4Q16 ~$2.3B Primarily In Investment Grade Public Corporates, Investment Grade Structured Securities, CMLs2, & Private Assets With An Average Yield Of 3.48%  ~$0.8B In Short-Term Holdings & Temporary U.S. Treasuries With An Average Yield Of 2.24% Genworth 4Q16 Earnings Presentation - February 7, 2017

Variance (67) 1Holding Company Cash & Liquid Assets Comprise Assets Held In Genworth Holdings, Inc. (The Issuer Of Outstanding Public Debt) Which Is A Wholly-Owned Subsidiary Of Genworth Financial, Inc.; 2 Comprises Cash & Cash Equivalents Of $1,065MM & U.S. Government Bonds Of $100MM As Of September 30, 2016 & Comprises Cash & Cash Equivalents Of $998MM & U.S Government Bonds Of $100MM As Of December 31, 2016 $12MM Received From Canada MI In 4Q16; Full Year International MI Dividends/Payments Total $225MM Exceeding Updated Outlook Of ~ $200MM Cash Collateral Position Improvement Of $61MM On Increasing Interest Rates Year End Balance Includes $175MM Committed To Facilitate The Separation & Isolation Of The LTC Business $(53)MM Holding Company Net Other Items Includes Final Lifestyle Protection Purchase Price Adjustment & Other Miscellaneous Items ~$85MM Restricted Cash/ Liquid Assets ($MM) Cash & Liquid Assets Roll Forward Holding Company Cash & Liquid Assets1 1.5x Debt Int. Exp. ~$80MM Restricted Cash/Liquid Assets (53) Genworth 4Q16 Earnings Presentation - February 7, 2017

2016 Goals & Drivers – MI Businesses 1Company Estimate For 4Q16, Due To Timing Of The Filing Of Statutory Statements; 2Home Affordable Refinance Program Dividends / Payments Capital Ratios U.S. MI – Combined RTC< 18.0:1~14.4:11 Canada MI – MCT> 220%~245%1 Australia MI – PCA132-144%~157%1 Portfolio Concentration U.S. MI – 2009+ Books RIF%70-80%77% U.S. MI – 2009+ Books + HARP2 RIF%80-90%88% Loss Ratio U.S. MI30-40%24% Canada MI25-35%22% Australia MI25-35%34% Goals Drivers FY2016 Results Australia MI & Canada MI$200MM$225MM Genworth 4Q16 Earnings Presentation - February 7, 2017

2016 Goals – U.S. Life Insurance & Holding Co. U.S. Life Insurance Holding Company LTC Rate Action Continued Execution Of Current Rate Actions & Begin Execution Of Multi-Year Rate Action Filing Plan U.S. Life Restructuring Plan Complete Cash Expense Reduction Of $100MM By First Half 2016 Complete ~$50MM Expense Reduction From Suspending Sales Of Traditional Life Insurance & Fixed Annuity Products Recapture/Repatriate All Business From Bermuda Meaningful Progress Toward The Separation & Isolation Of LTC Liquidity Cash Above 1.5x Annual Debt Service Plus $350MM Buffer At Quarter End Points 96 Approvals On ~$719MM Annualized In Force Premiums At ~28% Average For Full Year 2016 Achieved Cash Expense Reduction Goal Of ~$150MM Pre-Tax On Annualized Basis In 2Q16 Completed Repatriation Of Bermuda Subsidiary Effective 10/1/16 Completed Bond Consent To Mitigate LTC Default Risk ~$660MM Buffer Above 1.5x Annual Debt Service At Year End Results Genworth 4Q16 Earnings Presentation - February 7, 2017

Appendix Genworth 4Q16 Earnings Presentation - February 7, 2017

Total Genworth Financial, Inc.’s Stockholders’ Equity (GAAP) ($MM) 4Q16 3Q16 2Q16 1Q16 4Q15 U.S. MI 2,070 2,089 2,015 1,814 1,703 Canada MI 1,565 1,601 1,592 1,551 1,443 Australia MI 651 687 706 773 763 U.S. Life Insurance 10,980 12,897 11,868 11,280 9,851 LTC1 7,621 8,957 8,155 7,666 6,690 Life Insurance1 2,452 2,892 2,640 2,584 2,096 Fixed Annuities1 907 1,048 1,073 1,030 1,065 Runoff1 671 616 557 675 704 Corporate & Other1,2 (3,293) (3,019) (1,605) (2,038) (1,640) Total 12,644 14,871 15,133 14,055 12,824 1Includes Estimate Of Allocated Deferred Tax Balances By Product Line; 2Includes Value Of Long-Term Borrowings Of Genworth Holdings, Inc. 21 Genworth 4Q16 Earnings Presentation - February 7, 2017

Use Of Non-GAAP Measures This presentation includes the non-GAAP financial measures entitled "adjusted operating income (loss).” The chief operating decision maker evaluates segment performance and allocates resources on the basis of adjusted operating income (loss). The company defines adjusted operating income (loss) as loss from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for certain blocks of business. The company excludes net investment gains (losses) and infrequent or unusual non-operating items because the company does not consider them to be related to the operating performance of the company's segments and Corporate and Other activities. A component of the company's net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company's discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and restructuring costs are also excluded from adjusted operating income (loss) because, in the company's opinion, they are not indicative of overall operating trends. Infrequent or unusual non-operating items are also excluded from adjusted operating income (loss) if, in the company's opinion, they are not indicative of overall operating trends.   While some of these items may be significant components of net loss available to Genworth’s common stockholders in accordance with GAAP, the company believes that adjusted operating income (loss) and measures that are derived from or incorporate adjusted operating income (loss) are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses adjusted operating income (loss) as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. However, the items excluded from adjusted operating income (loss) have occurred in the past and could, and in some cases will, recur in the future. Adjusted operating income (loss) are not substitutes for net loss available to Genworth’s common stockholders determined in accordance with GAAP. In addition, the company's definition of adjusted operating income (loss) may differ from the definitions used by other companies.   Adjustments to reconcile net loss attributable to Genworth’s common stockholders and adjusted operating income (loss) assume a 35 percent tax rate (unless otherwise indicated) and are net of the portion attributable to noncontrolling interests. Net investment gains (losses) are also adjusted for DAC and other intangible amortization and certain benefit reserves.   The company recognized an estimated pre-tax loss of $140 million in the fourth quarter of 2015 for the planned sale of the mortgage insurance business in Europe. The company also incurred a $6 million tax benefit in the fourth quarter of 2015 related to the planned sale of this business. These transactions were excluded from adjusted operating income (loss) for the periods presented as they related to a gain (loss) on the sale of businesses.   In the third quarter of 2016, the company recorded a pre-tax expense of $2 million related to restructuring costs as part of an expense reduction plan as the company evaluates and appropriately sizes its organizational needs and expenses. In the fourth quarter of 2015, the company also recorded a pre-tax expense of $5 million related to restructuring costs.   There were no infrequent or unusual items excluded from adjusted operating income (loss) during the periods presented.   This presentation includes the non-GAAP financial measure entitled "core yield" as a measure of investment yield. The company defines core yield as the investment yield adjusted for items that do not reflect the underlying performance of the investment portfolio. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield is not a substitute for investment yield determined in accordance with GAAP. In addition, the company’s definition of core yield may differ from the definitions used by other companies. A reconciliation of core yield to reported GAAP yield is included in this appendix. Genworth 4Q16 Earnings Presentation - February 7, 2017

Reconciliation Of Net Loss To Adjusted Operating Income (Loss) Genworth 4Q16 Earnings Presentation - February 7, 2017 2015 (Amounts in millions) 4Q 3Q 4Q NET LOSS AVAILABLE TO GENWORTH FINANCIAL, INC.'S COMMON STOCKHOLDERS (122) $ (380) $ (292) $ Add: net income attributable to noncontrolling interests 59 48 52 NET LOSS (63) (332) (240) Income (loss) from discontinued operations, net of taxes (4) 15 (73) LOSS FROM CONTINUING OPERATIONS (59) (347) (167) Less: income from continuing operations attributable to noncontrolling interests 59 48 52 LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL INC.'S COMMON STOCKHOLDERS (118) (395) (219) ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL INC.'S COMMON STOCKHOLDERS: Net investment (gains) losses, net (see below for reconciliation) (28) (18) 1 (Gains) losses on sale of businesses - - 140 Expenses related to restructuring - 2 5 Taxes on adjustments 9 6 (9) ADJUSTED OPERATING LOSS (137) $ (405) $ (82) $ ADJUSTED OPERATING INCOME (LOSS): U.S. Mortgage Insurance segment 61 $ 67 $ 41 $ Canada Mortgage Insurance segment 39 36 37 Australia Mortgage Insurance segment 14 14 22 U.S. Life Insurance segment: Long-Term Care Insurance (1) (270) 19 Life Insurance (193) 48 (173) Fixed Annuities 40 15 19 Total U.S. Life Insurance segment (154) (207) (135) Runoff segment 6 12 11 Corporate and Other (103) (327) (58) ADJUSTED OPERATING LOSS (137) $ (405) $ (82) $ Reconciliation of net investment gains (losses): Net investment gains (losses), gross 41 $ 20 $ (16) $ Adjustments for: Deferred acquisition costs and other intangible amortization and certain benefit reserves (1) - 11 Net investment (gains) losses attributable to noncontrolling interests (12) (2) 4 Net investment gains (losses), net 28 $ 18 $ (1) $ 2016

Reconciliation Of Core Yield To Reported Yield Genworth 4Q16 Earnings Presentation - February 7, 2017 2015 (Assets - amounts in billions) 4Q 3Q 4Q Reported - Total Invested Assets and Cash 74.4 $ 78.3 $ 75.1 $ Subtract: Securities lending 0.5 0.4 0.3 Unrealized gains (losses) 4.3 7.7 4.2 Adjusted end of period invested assets and cash 69.6 $ 70.2 $ 70.6 $ (A) Average Invested Assets and Cash Used in Reported Yield Calculation 69.8 $ 69.7 $ 70.2 $ Subtract: Restricted commercial mortgage loans and other invested assets related to securitization entities (1) 0.1 0.3 0.2 (B) Average Invested Assets and Cash Used in Core Yield Calculation 69.7 $ 69.4 $ 70.0 $ (Income - amounts in millions) (C) Reported - Net Investment Income 786 $ 805 $ 781 $ Subtract: Bond calls and commercial mortgage loan prepayments 22 14 18 Other non-core items (2) (17) 8 (2) Restricted commercial mortgage loans and other invested assets related to securitization entities (1) 2 1 3 (D) Core Net Investment Income 779 $ 782 $ 762 $ (C) / (A) Reported Yield 4.50% 4.62% 4.45% (D) / (B) Core Yield 4.47% 4.51% 4.35% Notes: Columns may not add due to rounding. Yields have been annualized. 2016 (1) Represents the incremental assets and investment income related to restricted commercial mortgage loans and other invested assets. (2) Includes cost basis adjustments on structured securities and various other immaterial items.

Definition Of Selected Operating Performance Measures Management uses selected operating performance measures including ''sales" and "insurance in force" or "risk in force" which are commonly used in the insurance industry as measures of operating performance. Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to new insurance written for mortgage insurance. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers new insurance written to be a measure of the company's operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company's revenues or profitability during that period. Management regularly monitors and reports insurance in force and risk in force. Insurance in force for the mortgage insurance businesses is a measure of the aggregate original loan balance for outstanding insurance policies as of the respective reporting date. Risk in force for the U.S. mortgage insurance business is based on the coverage percentage applied to the estimated current outstanding loan balance. For risk in force in the mortgage insurance businesses in Canada and Australia, the company has computed an “effective” risk in force amount, which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in force has been calculated by applying to insurance in force a factor of 35% that represents the highest expected average per-claim payment for any one underwriting year over the life of the company's mortgage insurance businesses in Canada and Australia. In Australia, the company has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100% coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor. The company considers insurance in force and risk in force to be measures of the company's operating performance because they represent measures of the size of the business at a specific date which will generate revenues and profits in a future period, rather than measures of the company's revenues or profitability during that period. Management also regularly monitors and reports a loss ratio for the company’s businesses. For the mortgage insurance businesses, the loss ratio is the ratio of incurred losses and loss adjustment expenses to net earned premiums. For the long term care insurance business, the loss ratio is the ratio of benefits and other changes in reserves less tabular interest on reserves less loss adjustment expenses to net earned premiums. The company considers the loss ratio to be a measure of underwriting performance in these businesses and helps to enhance the understanding of the operating performance of the businesses. An assumed tax rate of 35% is utilized in certain adjustments to adjusted operating income (loss) and in the explanation of specific variances of operating performance and investment results. These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources. The company allocates the consolidated provision for income taxes to its operating segments. The allocation methodology applies a specific tax rate to the pre-tax income (loss) of each segment, which is then adjusted in each segment to reflect the tax attributes of items unique to that segment such as foreign income. The difference between the consolidated provision for income taxes and the sum of the provision for income taxes in each segment is reflected in Corporate and Other activities. The annually-determined tax rates and adjustments to each segment’s provision for income taxes are estimates which are subject to review and could change from year to year. Results Of Operations By Segment Genworth 4Q16 Earnings Presentation - February 7, 2017

Cautionary Note Regarding Forward-Looking Statements This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including, but not limited to, the following: risks related to the proposed transaction with China Oceanwide Holdings Group Co., Ltd. (China Oceanwide) including: the company's inability to complete the transaction in a timely manner or at all; the company's inability to obtain stockholder or regulatory approvals, or the possibility that the parties may delay the transaction or that materially burdensome or adverse regulatory conditions may be imposed in connection with any such regulatory approvals; legal proceedings may be instituted against the company in connection with the proposed transaction; the proposed transaction may disrupt the company's current plans and operations; certain restrictions during the pendency of the transaction may impact the company's ability to pursue certain business opportunities or strategic transactions; there may be insufficient continued availability of capital and financing to the company before the consummation of the transaction; there may be further rating agency actions and downgrades in the company's financial strength ratings; there may be changes in applicable laws or regulations; the company may not recognize the anticipated benefits of the transaction; the amount of the costs, fees, expenses and other charges related to the transaction may be material; management's attention may be diverted from the company's ongoing business operations; the merger agreement may be terminated in circumstances that would require the company to pay China Oceanwide a fee; the company's ability to attract, recruit, retain and motivate current and prospective employees may be adversely affected; and disruptions and uncertainty relating to the transaction, whether or not it is completed, may harm the company's relationships with its employees, customers, distributors, vendors or other business partners, and may result in a negative impact on the company's business; strategic risks in the event the proposed transaction with China Oceanwide is not consummated including: the company's inability to successfully execute alternative strategic plans to effectively address its current business challenges (including with respect to the restructuring of its U.S. life insurance businesses, debt obligations, cost savings, ratings and capital); the company's inability to attract buyers for any businesses or other assets it may seek to sell, or securities it may seek to issue, in each case, in a timely manner on anticipated terms; failure to obtain any required regulatory, stockholder and/or noteholder approvals or consents, or the company's challenges changing or being more costly or difficult to successfully address than currently anticipated or the benefits achieved being less than anticipated; inability to achieve anticipated cost-savings in a timely manner; adverse tax or accounting charges; and inability to increase the capital needed in the company's businesses in a timely manner and on anticipated terms, including through improved business performance, reinsurance or similar transactions, asset sales, securities offerings or otherwise, in each case as and when required; risks relating to estimates, assumptions and valuations including: risks related to the impact of the company's annual review of assumptions and methodologies related to its long term care insurance claim reserves in the third quarter of 2016 and its margin reviews in the fourth quarter of 2016; inadequate reserves and the need to increase reserves (including any changes the company may make in the future to its assumptions, methodologies or otherwise in connection with periodic or other reviews); inaccurate models; deviations from the company's estimates and actuarial assumptions or other reasons in its long term care insurance, life insurance and/or annuity businesses; accelerated amortization of deferred acquisition costs (DAC) and present value of future profits (PVFP) (including any changes it may make in the future to its assumptions, methodologies or otherwise in connection with periodic or other reviews); adverse impact on the company's financial results as a result of projected profits followed by projected losses (as is currently the case with its long term care insurance business); and changes in valuation of fixed maturity, equity and trading securities; risks relating to economic, market and political conditions including: downturns and volatility in global economies and equity and credit markets; interest rates and changes in rates (particularly given the historically low interest rate environment) have adversely impacted, and may continue to materially adversely impact, the company's business and profitability; deterioration in economic conditions or a decline in home prices that adversely affect the company's loss experience in mortgage insurance; political and economic instability or changes in government policies; and fluctuations in foreign currency exchange rates and international securities markets; Genworth 4Q16 Earnings Presentation - February 7, 2017

Cautionary Note Regarding Forward-Looking Statements Genworth 4Q16 Earnings Presentation - February 7, 2017 regulatory and legal risks including: extensive regulation of the company's businesses and changes in applicable laws and regulations; litigation and regulatory investigations or other actions; dependence on dividends and other distributions from the company's subsidiaries (particularly its international subsidiaries) and the inability of any subsidiaries to pay dividends or make other distributions to the company, including as a result of the performance of its subsidiaries and insurance, regulatory or corporate law restrictions; adverse change in regulatory requirements, including risk-based capital; changes in regulations adversely affecting the company's international operations; inability to meet or maintain the private mortgage insurer eligibility requirements (PMIERs); inability of the company's U.S. mortgage insurance subsidiaries to meet minimum statutory capital requirements and hazardous financial condition standards; the influence of Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) and a small number of large mortgage lenders on the U.S. mortgage insurance market and adverse changes to the role or structure of Fannie Mae and Freddie Mac; adverse changes in regulations affecting the company's mortgage insurance businesses; inability to continue to implement actions to mitigate the impact of statutory reserve requirements; impact of additional regulations pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act); and changes in accounting and reporting standards; liquidity, financial strength ratings, credit and counterparty risks including: insufficient internal sources to meet liquidity needs and limited or no access to capital (including the company's inability to enter into a credit facility); recent or future adverse rating agency actions, including with respect to rating downgrades or potential downgrades or being put on review for potential downgrade (including in connection with the company's recent announcement of a material increase to the company's universal life insurance reserves), all of which could have adverse implications for the company, including with respect to key business relationships, product offerings, business results of operations, financial condition and capital needs, strategic plans, collateral obligations and availability and terms of hedging, reinsurance and borrowings; defaults by counterparties to reinsurance arrangements or derivative instruments; defaults or other events impacting the value of the company's fixed maturity securities portfolio; and defaults on the company's commercial mortgage loans or the mortgage loans underlying its investments in commercial mortgage-backed securities and volatility in performance; operational risks including: inability to retain, attract and motivate qualified employees or senior management; ineffective or inadequate risk management in identifying, controlling or mitigating risks; reliance on, and loss of, key customer or distribution relationships; availability, affordability and adequacy of reinsurance to protect the company against losses; competition; competition in the company's mortgage insurance businesses from government and government-owned and government-sponsored enterprises (GSEs) offering mortgage insurance; material weakness in, or ineffective, internal control over financial reporting; and failure or any compromise of the security of the company's computer systems, disaster recovery systems and business continuity plans and failures to safeguard, or breaches of, its confidential information; insurance and product-related risks including: the company's inability to increase sufficiently, and in a timely manner, premiums on in force long term care and life insurance policies and/or reduce in force benefits, and charge higher premiums on new policies, in each case, as currently anticipated and as may be required from time to time in the future (including as a result of the company's failure to obtain any necessary regulatory approvals or unwillingness or inability of policyholders to pay increased premiums), including to offset the impact on the company's margins of updated claim reserves assumptions in connection with its annual review of its long term care insurance claim reserves in the third quarter of 2016 and its annual U.S. life insurance assumption reviews in the fourth quarter of 2016; the company's inability to reflect future premium increases and other management actions in its margin calculation as anticipated; failure to sufficiently increase new sales for the company's long term care insurance products; inability to realize anticipated benefits of the company's rescissions, curtailments, loan modifications or other similar programs in its mortgage insurance businesses; premiums for the significant portion of the company's mortgage insurance risk in force with high loan-to-value ratios may not be sufficient to compensate the company for the greater risks associated with those policies; decreases in the volume of high loan-to-value mortgage originations or increases in mortgage insurance cancellations; increases in the use of alternatives to private mortgage insurance and reductions in the level of coverage selected; potential liabilities in connection with the company's U.S. contract underwriting services; and medical advances, such as genetic research and diagnostic imaging, and related legislation that impact policyholder behavior in ways adverse to the company; other risks including: occurrence of natural or man-made disasters or a pandemic; impairments of or valuation allowances against the company's deferred tax assets; the possibility that in certain circumstances the company will be obligated to make payments to General Electric Company (GE) under the tax matters agreement with GE even if its corresponding tax savings are never realized and payments could be accelerated in the event of certain changes in control; and provisions of the company's certificate of incorporation and bylaws and the tax matters agreement with GE may discourage takeover attempts and business combinations that stockholders might consider in their best interests; and risks relating to the company's common stock including: the continued suspension of payment of dividends; and stock price fluctuations. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.