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 6, 2018
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))	
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

 

Item 2.02	Results of Operations and Financial Condition.	
On February 6, 2018, Genworth Financial, Inc. (the “Company”) issued (1) a press release announcing its financial results for the quarter ended December 31, 2017, 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, 2017, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
The information contained in this Current Report on Form 8-K (including the exhibits) is being furnished and 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 6, 2018.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 2017.	
 
2

Exhibit Index

Exhibit
Number	  	Description of Exhibit	
		
99.1	  	Press Release dated February 6, 2018.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 2017.	
 
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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 6, 2018	 		 	By:	 	/s/ Matthew D. Farney	
	 		 		 	Matthew D. Farney	
	 		 		 	Vice President and Controller	
	 		 		 	(Principal Accounting Officer)	
 
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Exhibit 99.1

Genworth Financial Announces Fourth Quarter 2017 Results
Fourth Quarter Net Income $353 Million And Adjusted Operating Income $326 Million
Full Year Net Income $817 Million And Adjusted Operating Income $696 Million
 
•	 	U.S. Mortgage Insurance (MI) Full Year Adjusted Operating Income Of $311 Million, Increased 24 Percent Compared To 2016	
 
•	 	Strong Loss Ratio And Capital Levels In The Fourth Quarter For U.S. And Canada MI	
 
•	 	Net Favorable Deferred Tax Items Of $456 Million, Or $0.91 Per Diluted Share, Primarily Due To Tax Reform And Improved Business Forecasts	
 
•	 	Annual Review Of Australia MI Premium Earnings Pattern Finalized	
 
 	•	 	Updated Premium Recognition Pattern To Reflect Slower Loss Emergence	
 
 	•	 	U.S. Generally Accepted Accounting Principles (GAAP) After-Tax Charge Of $152 Million, Or $0.30 Per Diluted Share, For Genworth Financial	
 
 	•	 	No Change To Expected Lifetime Profitability Of In-Force	
 
•	 	U.S. GAAP Annual Assumption Review Complete For U.S. Life Insurance	
 
 	•	 	Long Term Care Insurance (LTC) Active Life U.S. GAAP Margins Approximately $0.5 To $1.0 Billion	
 
 	•	 	Aggregate Unfavorable Items In U.S. Life Insurance Related To Assumption Updates Of $84 Million After-Tax, Or $0.17 Per Diluted Share, Which Include Universal Life Insurance 1 After-Tax Charges Of $74 Million Primarily Reflecting Updates To Mortality And Interest Rate 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	
 
•	 	Holding Company Cash And Liquid Assets Of $870 Million At December 31, 2017	
Richmond, VA (February 6, 2018) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended December 31, 2017. The company reported net income 2 of $353 million, or $0.70 per diluted share, in the fourth quarter of 2017, compared with a net loss of $122 million, or $0.25 per diluted share, in the fourth quarter of 2016. The adjusted operating income 3 for the fourth quarter of 2017 was $326 million, or $0.65 per diluted share, compared with an adjusted operating loss of $137 million, or $0.27 per diluted share, in the fourth quarter of 2016.

1  	Includes both Universal Life and Term Universal Life.	
2  	Unless otherwise stated, all references in this press release to net income (loss), net income (loss) per share, adjusted operating income (loss), adjusted operating income (loss) per share and book value per share should be read as net income (loss) available to Genworth’s common stockholders, net income (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.	
 
1

Strategic Update
Genworth and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) continue to work towards closing their previously announced proposed transaction as soon as possible.
Genworth and Oceanwide have re-filed their joint voluntary notice with the Committee on Foreign Investment in the United States (CFIUS). In connection with the new joint voluntary notice, the parties have provided CFIUS with detailed information about an additional data security risk mitigation proposal involving a U.S. third-party service provider. The acceptance of the refiling of a joint voluntary notice by CFIUS triggers a new 30-day review period, which may be followed by an additional 45-day investigation period. Additional information about the CFIUS review process can be found in the definitive proxy statement filed by Genworth with the Securities and Exchange Commission on January 25, 2017.
The parties also continue to engage with the Delaware Department of Insurance (Delaware). The delay in the review process is due to the difference in opinion of the fair market value for Genworth Life and Annuity Insurance Company (GLAIC), which must be agreed upon in order to complete the unstacking transaction. The parties continue to work towards an acceptable solution in order to move forward in the transaction approval process.
In addition to clearance by CFIUS and approval from Delaware, the closing of the proposed transaction remains subject to the receipt of required regulatory approvals in the U.S., China, and other international jurisdictions and other closing conditions. Genworth and Oceanwide continue to be actively engaged with the relevant regulators regarding the pending applications.
Due to the delay in obtaining regulatory approvals and the closing of the proposed transaction, Genworth has decided to pursue a secured debt transaction in order to address its upcoming 2018 debt maturity. More details with respect to the terms and structure of the secured debt transaction will be announced upon the planned launch in the near future.
“Our strong full year and fourth quarter results, as well as the continued progress towards achieving our multi-year LTC rate action plan, demonstrate Genworth’s operational discipline and focus on maximizing long-term value for our stakeholders,” said Tom McInerney, president and CEO of Genworth. “We continue to believe the transaction with Oceanwide represents the greatest and most certain value for our stockholders, and we are pursuing a secured debt transaction to address our 2018 debt obligation, and are continuously evaluating the strategic alternatives we may need to exercise to insulate our U.S. mortgage insurance business from continued ratings pressure.”
 
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LU Zhiqiang, chairman of Oceanwide, added: “Despite the delays in receiving regulatory approvals, Oceanwide continues to work diligently with Genworth towards closing the transaction as soon as possible. We remain committed to the transaction, which would provide Oceanwide with the opportunity to enhance our global insurance expertise and bring better insurance market solutions to China.”
Financial Performance

Consolidated Net Income (Loss) &
Adjusted Operating Income (Loss)	  	 	 	  	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	  	 	 	 	 	 	 	 	 	
 	  	Three months ended December 31
(Unaudited)	 	 	Total
% change	 	 	Twelve months ended December 31
(Unaudited)	 	 	Total
% change	 	
 	  	2017	 	  	2016	 	 			 	2017	 	  	2016	 	 			
(Amounts in millions, except per share)	  	Total	 	  	Per
diluted
share	 	  	Total	 	 	Per
diluted
share	 	 			 	Total	 	  	Per
diluted
share	 	  	Total	 	 	Per
diluted
share	 	 			
Net income (loss) available to Genworth’s common stockholders	  	$	353		  	$	0.70		  	$	(122	) 	 	$	(0.25	) 	 	 	NM	4  	 	$	817		  	$	1.63		  	$	(277	) 	 	$	(0.56	) 	 	 	NM	4  	
Adjusted operating income (loss)	  	$	326		  	$	0.65		  	$	(137	) 	 	$	(0.27	) 	 	 	NM	4  	 	$	696		  	$	1.39		  	$	(316	) 	 	$	(0.63	) 	 	 	NM	4  	
Weighted-average diluted shares 5	  	 	502.1		  				  	 	498.4		 				 				 	 	501.4		  				  	 	498.3		 				 				

 	  	Three months ended December 31
(Unaudited)	 	
 	  	2017	 	  	2016	 	
Book value per share	  	$	26.88		  	$	25.37		
Book value per share, excluding accumulated other comprehensive income (loss)	  	$	20.82		  	$	19.16		
Net income in the fourth quarter of 2017 benefited from net investment gains, net of taxes and other adjustments, of $27 million. Net income in the fourth quarter of 2016 benefited from net investment gains, net of taxes and other adjustments, of $19 million.
Net investment income was $812 million in the quarter, up from $797 million in the prior quarter and $786 million in the prior year. Net investment income continues to reflect variability in prepayment speed adjustments related to residential mortgage-backed securities and other variable investment income that was higher than last year. The reported yield and the core yield 1 for the quarter were 4.60 percent and 4.50 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 and 2.0 million for the three and twelve months ended December 31, 2016, respectively, 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 and 500.3 million for the three and twelve months ended December 31, 2016, respectively.	
 
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Adjusted operating income (loss) results by business line are summarized in the table below:

Adjusted Operating Income (Loss)	  	 	 	  	 	 	  	 	 	
(Amounts in millions)	  	Q4 17	 	  	Q3 17	 	  	Q4 16	 	
U.S. Mortgage Insurance	  	$	74	 	  	$	73	 	  	$	61		
Canada Mortgage Insurance	  	 	43	 	  	 	37	 	  	 	39		
Australia Mortgage Insurance	  	 	(125	) 	  	 	12	 	  	 	14		
U.S. Life Insurance	  	 	(69	) 	  	 	(1	) 	  	 	(154	) 	
Runoff	  	 	13	 	  	 	13	 	  	 	6		
Corporate and Other	  	 	390	 	  	 	(58	) 	  	 	(103	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total Adjusted Operating Income (Loss)	  	$	326	 	  	$	76	 	  	$	(137	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	
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 17	 	 	Q3 17	 	 	Q4 16	 	
Adjusted operating income	  	$	74	 	 	$	73	 	 	$	61	 	
New insurance written	  				 				 				
Primary Flow	  	$	10,200	 	 	$	11,300	 	 	$	11,100	 	
Loss ratio	  	 	22	% 	 	 	20	% 	 	 	28	% 	
U.S. MI reported adjusted operating income of $74 million, compared with $73 million in the prior quarter and $61 million in the prior year. The loss ratio in the current quarter was 22 percent, up two points sequentially and down six points from the prior year. Losses in the quarter included approximately $5 million pre-tax for incremental delinquencies related to hurricane impacted areas, which negatively impacted the loss ratio by three points.
Flow New Insurance Written (NIW) of $10.2 billion decreased 10 percent from the prior quarter from a seasonally smaller purchase originations market, and decreased eight percent versus the prior year primarily from a decline in market share. During the fourth quarter of 2017, the company’s concentration of single premium flow NIW was down slightly from the prior quarter and up moderately from the prior year as it continues its selective participation in this market. U.S. MI’s flow insurance in force increased 11 percent versus the prior year driven primarily by strong NIW and persistency.
 
4

Canada Mortgage Insurance

Operating Metrics	  	 	 	 	 	 	 	 	 	
(Dollar amounts in millions)	  	Q4 17	 	 	Q3 17	 	 	Q4 16	 	
Adjusted operating income	  	$	43	 	 	$	37	 	 	$	39	 	
New insurance written	  				 				 				
Flow	  	$	3,600	 	 	$	4,400	 	 	$	3,900	 	
Bulk	  	$	800	 	 	$	600	 	 	$	3,700	 	
Loss ratio	  	 	9	% 	 	 	14	% 	 	 	18	% 	
Canada MI reported adjusted operating income of $43 million versus $37 million in the prior quarter and $39 million in the prior year. The loss ratio in the quarter was nine percent, down five points sequentially primarily from a lower average reserve per delinquency resulting from a change in the regional mix of delinquencies. The loss ratio was down nine points compared to the prior year from a decrease in new delinquencies, net of cures, and lower average reserve per delinquency reflecting the ongoing housing market strength and underlying economic conditions.
Flow NIW was down 20 percent 6 sequentially primarily from a seasonally smaller originations market and down 13 percent 6 from the prior year primarily from a smaller market size from regulatory changes introduced in late 2016. Bulk NIW decreased versus the prior year as a result of regulatory changes introduced in 2016 and 2017.
Australia Mortgage Insurance

Operating Metrics	  	 	 	 	 	 	 	 	 	
(Dollar amounts in millions)	  	Q4 17	 	 	Q3 17	 	 	Q4 16	 	
Adjusted operating income (loss)	  	$	(125	) 	 	$	12	 	 	$	14	 	
New insurance written	  				 				 				
Flow	  	$	4,200	 	 	$	3,700	 	 	$	5,000	 	
Bulk	  	$	—  	 	 	$	600	 	 	$	—  	 	
Loss ratio	  	 	(7	)% 	 	 	37	% 	 	 	30	% 	
Australia MI reported an adjusted operating loss of $125 million versus adjusted operating income of $12 million in the prior quarter and adjusted operating income of $14 million in the prior year. Current period results included an unfavorable $141 million impact from a new premium recognition pattern effective October 1, 2017. The entire U.S. GAAP adjustment was $152 million but a portion was in tax expense in Corporate and Other activities. The annual review of its premium recognition pattern that concluded in the quarter revealed that the duration of time between policy inception and the first missed payment date has lengthened compared to past assumptions, therefore requiring a re-estimation of the unearned premium reserve and a corresponding offset to earned premiums. The longer estimated duration assumptions were driven by two factors: 1) the mining downturn predominantly seen in Western Australia and Queensland and 2) a prolonged period of low

6  	Percent change excludes the impact of foreign exchange.	
 
5

interest rates that has resulted in a strong housing market outside of the previously mentioned areas. The new premium recognition pattern was not the result of increased claim or loss expectations but only that the duration of time between policy inception and the first missed payment has lengthened. For U.S. GAAP, the accounting policy requires a retrospective adjustment of the earnings curve and is therefore larger than the impact recorded under Australia accounting standards, which is prospective in application.
The loss ratio in the quarter was negative seven percent. The change in the earnings recognition pattern reduced the loss ratio by 35 points. Excluding the impact from the change in the earnings recognition pattern, the loss ratio was down nine points sequentially from seasonally lower new delinquencies, net of cures, and down two points from the prior year.
Flow NIW was up 14 percent 6  sequentially from higher activity with certain customers and down 18 percent 6  from the prior year primarily from lower market penetration.
U.S. Life Insurance

Operating Metrics	  	 	 	  	 	 	  	 	 	
(Amounts in millions)	  	Q4 17	 	  	Q3 17	 	  	Q4 16	 	
Adjusted operating income (loss)	  				  				  				
Long Term Care Insurance	  	$	17		  	$	(5	) 	  	$	(1	) 	
Life Insurance	  	 	(85	) 	  	 	(9	) 	  	 	(193	) 	
Fixed Annuities	  	 	(1	) 	  	 	13		  	 	40		
	  	 	 	 	  	 	 	 	  	 	 	 	
Total U.S. Life Insurance	  	$	(69	) 	  	$	(1	) 	  	$	(154	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Sales	  				  				  				
Long Term Care Insurance	  				  				  				
Individual	  	$	1		  	$	2		  	$	1		
Group	  	 	4		  	 	1		  	 	1		
Life Insurance	  				  				  				
Universal Life	  	 	2		  	 	1		  	 	—  		
Fixed Annuities	  	 	1		  	 	3		  	 	—  		
Long Term Care Insurance
Long term care insurance reported adjusted operating income of $17 million, compared with an adjusted operating loss of $5 million in the prior quarter and an adjusted operating loss of $1 million in the prior year.
During the quarter, the company completed its annual review of U.S. GAAP active life margins, or loss recognition testing. As of December 31, 2016, the U.S. GAAP loss recognition testing margins for the LTC business were approximately $1.0 to $1.5 billion. In 2017, these margins were reduced to approximately $0.5 to $1.0 billion as higher costs relating primarily to changes to expected future incidence of claims were partially offset by the higher modeled benefit of planned 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 U.S. GAAP loss recognition margins. The U.S. GAAP loss recognition testing margin for the LTC acquired block was positive and consistent with prior year.
 
6

Results for the quarter included an after-tax reduction to claims reserves of $20 million primarily driven by assumption changes related to claims administrative expenses. Compared to the prior quarter and prior year, results reflected less favorable existing claim terminations as well as continued growth of new claims, heightened by lower benefit from ceded claims as an existing reinsurance agreement runs off. Reserve reductions associated with reduced benefit elections related to premium rate increases from in force policyholders remained stable versus prior quarter and $7 million after-tax higher versus prior year.
Life Insurance
Life insurance reported an adjusted operating loss of $85 million, compared with $9 million in the prior quarter and $193 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 $74 million primarily driven by assumption changes due to emerging mortality experience as well as adjustments from lower forward interest rates. Results in the prior year included an after-tax charge of $196 million related to the company’s annual review of life insurance assumptions. Compared to the prior year, the current quarter reflected higher lapses resulting in lower premiums and accelerated write-off of deferred acquisition costs (DAC) primarily associated with large 15-year and 20-year term life insurance blocks entering their post-level premium periods. Results versus the prior quarter reflect lower seasonal premiums and increased mortality in the company’s term life block of business. The prior quarter included a $15 million after-tax charge for model refinements.
Fixed Annuities
Fixed annuities reported an adjusted operating loss of $1 million, compared with adjusted operating income of $13 million in the prior quarter and adjusted operating income of $40 million in the prior year. Results in the quarter included a net after-tax charge of $30 million from loss recognition testing and assumption updates. The current quarter also reflected favorable mortality and higher variable investment income compared to the prior quarter. Results in the prior quarter included a $6 million after-tax charge from loss recognition testing associated with lower forward interest rates on the single premium immediate annuity block. Results in the prior year included 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.
Runoff
Runoff reported adjusted operating income of $13 million compared with $13 million in the prior quarter and $6 million in the prior year, reflecting continued strong equity market performance supporting the company’s variable annuity business.
 
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Corporate And Other
Corporate and Other reported adjusted operating income of $390 million, compared with an adjusted operating loss of $58 million in the prior quarter and an adjusted operating loss of $103 million in the prior year. Results in the current quarter included a net favorable impact of $456 million related to deferred taxes due to the combination of tax reform, business forecast improvements and other items. Results also included an unfavorable $11 million tax charge related to the Australia MI premium earnings pattern update.
Capital & Liquidity
Genworth maintains the following capital positions in its operating subsidiaries:

Key Capital & Liquidity Metrics	  	 	 	 	 	 	 	 	 	
(Dollar amounts in millions)	  	Q4 17	 	 	Q3 17	 	 	Q4 16	 	
U.S. MI	  				 				 				
Consolidated Risk-To-Capital Ratio 7	  	 	12.7:1	 	 	 	12.8:1	 	 	 	14.4:1	 	
Genworth Mortgage Insurance Corporation Risk-To-Capital Ratio 7	  	 	12.9:1	 	 	 	12.9:1	 	 	 	14.5:1	 	
Private Mortgage Insurer Eligibility Requirements (PMIERs) Sufficiency Ratio 8	  	 	121	% 	 	 	122	% 	 	 	115	% 	
Canada MI	  				 				 				
Minimum Capital Test (MCT) Ratio 7	  	 	168	% 	 	 	165	% 	 	 	245	% 	
Australia MI	  				 				 				
Prescribed Capital Amount (PCA) Ratio 7	  	 	193	% 	 	 	184	% 	 	 	157	% 	
U.S. Life Insurance Companies	  				 				 				
Consolidated Risk-Based Capital (RBC) Ratio 7	  	 	N/A	9  	 	 	320	% 	 	 	329	% 	
Holding Company Cash 10 and Liquid Assets 11	  	$	870		 	$	829		 	$	1,098		
Key Points
 
•	 	U.S. MI’s PMIERs sufficiency ratio decreased slightly to 121 percent as an increase in operating cash flows and increased value of available assets was mostly offset by the impact of incremental delinquencies in hurricane impacted areas and higher required assets associated with new business. The PMIERs sufficiency ratio was negatively impacted by approximately four points related to the incremental hurricane delinquencies;	
 
•	 	U.S. MI executed an excess of loss reinsurance transaction with a panel of reinsurers covering the 2018 book year, effective January 1, 2018. PMIERs capital credit is contingent upon subsequent GSE approval. The transaction is similar to other reinsurance transactions on prior book years;	

7  	Company estimate for the fourth quarter of 2017, due to timing of the filing of statutory statements. The MCT Ratio for Canada MI in the fourth and third quarters of 2017 reflects the new regulatory framework effective January 1, 2017.	
8  	Calculated as available assets divided by required assets as defined within PMIERs. As of December 31, 2017, September 30, 2017 and December 31, 2016, the PMIERs sufficiency ratios were in excess of approximately $550 million, $500 million and $350 million, respectively, of available assets above the PMIERs requirements. Company estimate for the fourth quarter of 2017.	
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 $795 million, $754 million and $998 million, respectively, and U.S. government bonds of $75 million, $75 million and $100 million, respectively, as of December 31, 2017, September 30, 2017 and December 31, 2016.	
 
8

•	 	Canada MI’s MCT ratio as of December 31, 2017 is estimated to be 168 percent, above both the regulatory minimum requirement of 150 percent and a target range of 160 to 165 percent;	
 
•	 	Australia MI’s capital levels improved sequentially to 193 percent driven primarily by continued portfolio seasoning; the new earnings recognition pattern had a negligible impact on the PCA ratio;	
 
•	 	U.S. life insurance companies’ statutory results are expected to be made available at the time of the Form 10-K filing;	
 
•	 	The holding company ended the quarter with $870 million of cash and liquid assets, which is in excess of the company’s target of one and one-half times expected annual debt interest payments plus an additional $350 million; 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 .
Conference Call And Financial Supplement Information
This press release and the fourth quarter 2017 financial supplement are now posted on the company’s website. Additional information regarding business results will be posted on the company’s website, http://investor.genworth.com , by 7:30 a.m. on February 7, 2018. Investors are encouraged to review these materials.
Genworth will conduct a conference call on February 7, 2018 at 9:00 a.m. (ET) to discuss business results and provide an update on strategic objectives including the pending transaction with China Oceanwide Holdings Group Co., Ltd. The conference call will be accessible via telephone and the Internet. The dial-in number for
 
9

the conference call is 888 208.1820 or 323 794.2110 (outside the U.S.); conference ID # 5055703. To participate in the call by webcast, register at http://investor.genworth.com at least 15 minutes prior to the webcast to download and install any necessary software.
Replays of the call will be available through February 21, 2018 at 888 203.1112 or 719 457.0820 (outside the U.S.); conference ID # 5055703. The webcast will also be archived on the company’s website for one year.
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 share.” Adjusted operating income (loss) per 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 (loss) 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’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 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 share on a basic and diluted basis are not substitutes for net income (loss) available to Genworth’s common stockholders or net income (loss) available to Genworth’s common stockholders per 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) available 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.
 
10

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. 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. 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 and first quarters of 2017, the company recorded a pre-tax expense of $1 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 third, second and first quarters of 2016, the company also recorded a pre-tax expense of $2 million, $5 million and $15 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 income (loss) available to Genworth’s common stockholders to adjusted operating income (loss) for the three and twelve months ended December 31, 2017 and 2016, as well as for the three months ended September 30, 2017, 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
 
11

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 benefits and other changes in policy reserves 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 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 find suitable mitigation options to address CFIUS’s interest and obtain regulatory approvals, or the possibility that such mitigation options or regulatory approvals may further delay the transaction including as a result of valuation differences with Delaware regarding GLAIC, or will not be received prior to April 1, 2018 (and either or both of the parties may not be willing to further waive their end date termination rights beyond April 1, 2018) or that materially burdensome or adverse regulatory conditions may be imposed or undesirable measures may be required in connection with any such regulatory approvals, including any mitigation approaches that may be necessary to obtain CFIUS approval (including conditions or measures that either or both of the parties may be unwilling to accept or undertake under the terms of the existing agreements or at all); existing and potential legal proceedings may be instituted against the company that may delay the transaction, make it more costly or ultimately preclude it; the risk that the proposed transaction disrupts the company’s current plans and operations as a result of the announcement and consummation of the transaction; certain restrictions during the pendency of the transaction that may impact the company’s ability to pursue certain business opportunities or strategic transactions; continued availability of capital and financing to the company before, or in the absence of, the consummation of the transaction; further rating agency actions and downgrades in the company’s debt or financial strength ratings; changes in applicable laws or regulations; the company’s ability to recognize the anticipated benefits of the transaction; the amount of the costs, fees, expenses and other charges related to the transaction may be material; the risks related to diverting management’s attention 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;	
 
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 	•	 	strategic risks in the event the proposed transaction with China Oceanwide is not consummated including: the company’s inability to successfully execute on any of its strategic plans to effectively address its current business challenges (including with respect to the restructuring of its U.S. life insurance businesses, debt obligations, including the debt maturing in May 2018, cost savings, ratings and capital), including as a result of a failure to complete the China Oceanwide transaction or the inability to pursue alternative strategic plans pending the transaction; the company’s inability to continue to sell long term care insurance policies; 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 and on anticipated terms; an 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; a failure to obtain any required regulatory, stockholder, noteholder approvals and/or other third-party approvals or consents for such alternative strategic plans; 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; an inability to achieve anticipated cost-savings in a timely manner; and adverse tax or accounting charges;	
 
 	•	 	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 and margin reviews, including risks that additional information obtained in finalizing its margin review or other changes to assumptions or methodologies materially affect the impact on margins; inadequate reserves and the need to increase reserves (including as a result of any changes the company may make 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 as a result of any changes it may make 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); adverse impact on the company’s results of operations, including its loss ratios as a result of its annual review of the premium earnings pattern for its mortgage insurance businesses; 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;	
 
13

 	•	 	regulatory and legal risks including: extensive regulation of the company’s businesses and changes in applicable laws and regulations (including changes to tax 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; 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 complete a secured debt transaction); future adverse rating agency actions, including with respect to rating downgrades or potential downgrades or being put on review for potential downgrade, 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; the design and effectiveness of its disclosure controls and procedures and internal control over financial reporting may not prevent all errors, misstatements or misrepresentations; 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 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 any impact on the company’s margins in connection with its annual review of its long term care insurance claim reserves and margin reviews; its inability to reflect future premium increases and other management actions in its margin calculation as anticipated, including in connection with its margin reviews; 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;	
 
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 	•	 	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.
# # #
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 (Loss)
(Amounts in millions, except per share amounts)

 	  	Three months ended
December 31,	 	 	Twelve months ended
December 31,	 	
 	  	2017	 	 	2016	 	 	2017	 	 	2016	 	
Revenues:	  				 				 				 				
Premiums	  	$	622		 	$	1,131		 	$	4,004		 	$	4,160		
Net investment income	  	 	812		 	 	786		 	 	3,200		 	 	3,159		
Net investment gains (losses)	  	 	45		 	 	41		 	 	265		 	 	72		
Policy fees and other income	  	 	207		 	 	240		 	 	826		 	 	978		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,686		 	 	2,198		 	 	8,295		 	 	8,369		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and expenses:	  				 				 				 				
Benefits and other changes in policy reserves	  	 	1,383		 	 	1,530		 	 	5,179		 	 	5,245		
Interest credited	  	 	152		 	 	173		 	 	646		 	 	696		
Acquisition and operating expenses, net of deferrals	  	 	247		 	 	283		 	 	1,022		 	 	1,273		
Amortization of deferred acquisition costs and intangibles	  	 	119		 	 	193		 	 	435		 	 	498		
Interest expense	  	 	75		 	 	75		 	 	284		 	 	337		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,976		 	 	2,254		 	 	7,566		 	 	8,049		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	(290	) 	 	 	(56	) 	 	 	729		 	 	320		
Provision (benefit) for income taxes	  	 	(555	) 	 	 	3		 	 	(207	) 	 	 	358		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	265		 	 	(59	) 	 	 	936		 	 	(38	) 	
Loss from discontinued operations, net of taxes	  	 	—  		 	 	(4	) 	 	 	(9	) 	 	 	(29	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	  	 	265		 	 	(63	) 	 	 	927		 	 	(67	) 	
Less: net income (loss) attributable to noncontrolling interests	  	 	(88	) 	 	 	59		 	 	110		 	 	210		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	  	$	353		 	$	(122	) 	 	$	817		 	$	(277	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share:	  				 				 				 				
Basic	  	$	0.71		 	$	(0.24	) 	 	$	1.66		 	$	(0.50	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	0.70		 	$	(0.24	) 	 	$	1.65		 	$	(0.50	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share:	  				 				 				 				
Basic	  	$	0.71		 	$	(0.25	) 	 	$	1.64		 	$	(0.56	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	0.70		 	$	(0.25	) 	 	$	1.63		 	$	(0.56	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average shares outstanding:	  				 				 				 				
Basic	  	 	499.2		 	 	498.4		 	 	499.0		 	 	498.3		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted 5	  	 	502.1		 	 	498.4		 	 	501.4		 	 	498.3		

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

 	 	Three
months ended
December 31,	 	 	Twelve
months ended
December 31,	 	 	Three
months ended
September 30,
2017	 	
 	 	2017	 	 	2016	 	 	2017	 	 	2016	 	 			
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	 	$	353		 	$	(122	) 	 	$	817		 	$	(277	) 	 	$	107	 	
Add: net income (loss) attributable to noncontrolling interests	 	 	(88	) 	 	 	59		 	 	110		 	 	210		 	 	68	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	 	 	265		 	 	(63	) 	 	 	927		 	 	(67	) 	 	 	175	 	
Loss from discontinued operations, net of taxes	 	 	—  		 	 	(4	) 	 	 	(9	) 	 	 	(29	) 	 	 	(9	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	 	 	265		 	 	(59	) 	 	 	936		 	 	(38	) 	 	 	184	 	
Less: income (loss) from continuing operations attributable to noncontrolling interests	 	 	(88	) 	 	 	59		 	 	110		 	 	210		 	 	68	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders	 	 	353	 	 	 	(118	) 	 	 	826		 	 	(248	) 	 	 	116	 	
Adjustments to income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders:	 				 				 				 				 				
Net investment (gains) losses, net 12	 	 	(41	) 	 	 	(28	) 	 	 	(202	) 	 	 	(66	) 	 	 	(62	) 	
(Gains) losses on sale of businesses	 	 	—  		 	 	—  		 	 	—  		 	 	(3	) 	 	 	—  	 	
(Gains) losses on early extinguishment of debt, net	 	 	—  		 	 	—  		 	 	—  		 	 	(48	) 	 	 	—  	 	
Losses from life block transactions	 	 	—  		 	 	—  		 	 	—  		 	 	9		 	 	—  	 	
Expenses related to restructuring	 	 	—  		 	 	—  		 	 	2		 	 	22		 	 	1	 	
Fees associated with bond consent solicitation	 	 	—  		 	 	—  		 	 	—  		 	 	18		 	 	—  	 	
Taxes on adjustments	 	 	14		 	 	9		 	 	70		 	 	—  		 	 	21	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss)	 	$	326		 	$	(137	) 	 	$	696		 	$	(316	) 	 	$	76	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss):	 				 				 				 				 				
U.S. Mortgage Insurance segment	 	$	74		 	$	61		 	$	311		 	$	250		 	$	73	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Canada Mortgage Insurance segment	 	 	43		 	 	39		 	 	157		 	 	146		 	 	37	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Australia Mortgage Insurance segment	 	 	(125	) 	 	 	14		 	 	(88	) 	 	 	62		 	 	12	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
U.S. Life Insurance segment:	 				 				 				 				 				
Long Term Care Insurance	 	 	17		 	 	(1	) 	 	 	59		 	 	(200	) 	 	 	(5	) 	
Life Insurance	 	 	(85	) 	 	 	(193	) 	 	 	(79	) 	 	 	(83	) 	 	 	(9	) 	
Fixed Annuities	 	 	(1	) 	 	 	40		 	 	42		 	 	68		 	 	13	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	 	 	(69	) 	 	 	(154	) 	 	 	22		 	 	(215	) 	 	 	(1	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Runoff segment	 	 	13		 	 	6		 	 	51		 	 	28		 	 	13	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other	 	 	390		 	 	(103	) 	 	 	243		 	 	(587	) 	 	 	(58	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss)	 	$	326		 	$	(137	) 	 	$	696		 	$	(316	) 	 	$	76	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share:	 				 				 				 				 				
Basic	 	$	0.71		 	$	(0.25	) 	 	$	1.64		 	$	(0.56	) 	 	$	0.21	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	 	$	0.70		 	$	(0.25	) 	 	$	1.63		 	$	(0.56	) 	 	$	0.21	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss) per share:	 				 				 				 				 				
Basic	 	$	0.65		 	$	(0.27	) 	 	$	1.40		 	$	(0.63	) 	 	$	0.15	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	 	$	0.65		 	$	(0.27	) 	 	$	1.39		 	$	(0.63	) 	 	$	0.15	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average common shares outstanding:	 				 				 				 				 				
Basic	 	 	499.2		 	 	498.4		 	 	499.0		 	 	498.3		 	 	499.1	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted 5	 	 	502.1		 	 	498.4		 	 	501.4		 	 	498.3		 	 	501.6	 	

12  	For the three months ended December 31, 2017 and 2016, the years ended December 31, 2017 and 2016 and the three months ended September 30, 2017, net investment gains (losses) were adjusted for DAC and other intangible amortization and certain benefit reserves of $(3) million, $1 million, $(3) million, $(14) million and zero, respectively, and adjusted for net investment gains (losses) attributable to non-controlling interests of $7 million, $12 million, $66 million, $20 million and $23 million, respectively.	
 
17

Condensed Consolidated Balance Sheets
(Amounts in millions)

 	  	December 31,	 	 	December 31,	 	
 	  	2017	 	 	2016	 	
Assets	  				 				
Cash, cash equivalents and invested assets	  	$	76,911		 	$	75,012		
Deferred acquisition costs	  	 	2,329		 	 	3,571		
Intangible assets and goodwill	  	 	301		 	 	348		
Reinsurance recoverable	  	 	17,569		 	 	17,755		
Deferred tax and other assets	  	 	957		 	 	673		
Separate account assets	  	 	7,230		 	 	7,299		
	  	 	 	 	 	 	 	 	
Total assets	  	$	105,297		 	$	104,658		
	  	 	 	 	 	 	 	 	
Liabilities and equity	  				 				
Liabilities:	  				 				
Future policy benefits	  	$	38,472		 	$	37,063		
Policyholder account balances	  	 	24,195		 	 	25,662		
Liability for policy and contract claims	  	 	9,594		 	 	9,256		
Unearned premiums	  	 	3,967		 	 	3,378		
Deferred tax and other liabilities	  	 	1,937		 	 	2,969		
Borrowings related to securitization entities	  	 	40		 	 	74		
Non-recourse funding obligations	  	 	310		 	 	310		
Long-term borrowings	  	 	4,224		 	 	4,180		
Separate account liabilities	  	 	7,230		 	 	7,299		
	  	 	 	 	 	 	 	 	
Total liabilities	  	 	89,969		 	 	90,191		
	  	 	 	 	 	 	 	 	
Equity:	  				 				
Common stock	  	 	1		 	 	1		
Additional paid-in capital	  	 	11,977		 	 	11,962		
	  	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  				 				
Net unrealized investment gains (losses):	  				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	1,075		 	 	1,253		
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	10		 	 	9		
	  	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	1,085		 	 	1,262		
	  	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	2,065		 	 	2,085		
Foreign currency translation and other adjustments	  	 	(123	) 	 	 	(253	) 	
	  	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)	  	 	3,027		 	 	3,094		
Retained earnings	  	 	1,113		 	 	287		
Treasury stock, at cost	  	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	13,418		 	 	12,644		
Noncontrolling interests	  	 	1,910		 	 	1,823		
	  	 	 	 	 	 	 	 	
Total equity	  	 	15,328		 	 	14,467		
	  	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	105,297		 	$	104,658		

18

Impact of Foreign Exchange on Flow New Insurance Written 13
Three months ended December 31, 2017

 	  	Percentages
Including Foreign
Exchange	 	 	Percentages
Excluding Foreign
Exchange 14	 	
Canada Mortgage Insurance (MI):	  				 				
Flow new insurance written	  	 	(8	)% 	 	 	(13	)% 	
Flow new insurance written (4Q17 vs. 3Q17)	  	 	(18	)% 	 	 	(20	)% 	
			
Australia MI:	  				 				
Flow new insurance written	  	 	(16	)% 	 	 	(18	)% 	
Flow new insurance written (4Q17 vs. 3Q17)	  	 	14 	% 	 	 	14 	% 	

13  	All percentages are comparing the fourth quarter of 2017 to the fourth quarter of 2016 unless otherwise stated.	
14  	The impact of foreign exchange was calculated using the comparable prior period exchange rates.	
 
19

Reconciliation of Core Yield to Reported Yield

 	  	Three
months ended
December 31,
2017	 	

(Assets - amounts in billions)	  			
Reported Total Invested Assets and Cash	  	$	76.3	 	
Subtract:	  				
Securities lending	  	 	0.3	 	
Unrealized gains (losses)	  	 	5.4	 	
	  	 	 	 	
Adjusted end of period invested assets	  	$	70.6	 	
	  	 	 	 	
Average Invested Assets Used in Reported Yield Calculation	  	$	70.6	 	
Subtract:	  				
Restricted commercial mortgage loans and other invested assets related to securitization entities 15	  	 	—  	 	
	  	 	 	 	
Average Invested Assets Used in Core Yield Calculation	  	$	70.6	 	
	  	 	 	 	
(Income - amounts in millions)	  				
Reported Net Investment Income	  	$	812	 	
Subtract:	  				
Bond calls and commercial mortgage loan prepayments	  	 	13	 	
Other non-core items 16	  	 	3	 	
Restricted commercial mortgage loans and other invested assets related to securitization entities 15	  	 	2	 	
	  	 	 	 	
Core Net Investment Income	  	$	794	 	
	  	 	 	 	
Reported Yield	  	 	4.60	% 	
	  	 	 	 	
Core Yield	  	 	4.50	% 	

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

Table of Contents
Exhibit 99.2

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017

 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 (Loss) and Sales—Australia Mortgage Insurance Segment	  	 	29-32	 	
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment	  	 	34-37	 	
Adjusted Operating Income—Runoff Segment	  	 	39	 	
Adjusted Operating Income (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), adjusted operating income (loss) per share, book value and book value per 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

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Dear Investor,
Thank you for your continued interest in Genworth Financial.
Regards,
Investor Relations
InvestorInfo@genworth.com
 
3

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 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 share.” Adjusted operating income (loss) per 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 (loss) 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 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 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 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) available 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. 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. 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 and first quarters of 2017, the company recorded a pre-tax expense of $1 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 third, second and first quarters of 2016, the company also recorded a pre-tax expense of $2 million, $5 million and $15 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

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
 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 benefits and other changes in policy reserves 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

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
 Financial Highlights
(amounts in millions, except per share data)

Balance Sheet Data	  	December 31,
2017	 	 	September 30,
2017	 	 	June 30,
2017	 	 	March 31,
2017	 	 	December 31,
2016	 	
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	  	$	10,391	 	 	$	10,034	 	 	$	9,923	 	 	$	9,716	 	 	$	9,550	 	
Total accumulated other comprehensive income	  	 	3,027	 	 	 	3,035	 	 	 	3,095	 	 	 	3,096	 	 	 	3,094	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	$	13,418	 	 	$	13,069	 	 	$	13,018	 	 	$	12,812	 	 	$	12,644	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Book value per share	  	$	26.88	 	 	$	26.19	 	 	$	26.08	 	 	$	25.68	 	 	$	25.37	 	
Book value per share, excluding accumulated other comprehensive income	  	$	20.82	 	 	$	20.10	 	 	$	19.88	 	 	$	19.47	 	 	$	19.16	 	
Common shares outstanding as of the balance sheet date	  	 	499.2	 	 	 	499.1	 	 	 	499.1	 	 	 	498.9	 	 	 	498.4	 	
		
 	  	Twelve months ended	 	
Twelve Month Rolling Average ROE	  	December 31,
2017	 	 	September 30,
2017	 	 	June 30,
2017	 	 	March 31,
2017	 	 	December 31,
2016	 	
GAAP Basis ROE	  	 	8.2	% 	 	 	3.5	% 	 	 	-1.5	% 	 	 	-1.8	% 	 	 	-2.8	% 	
Operating ROE (1)	  	 	7.0	% 	 	 	2.4	% 	 	 	-2.5	% 	 	 	-2.8	% 	 	 	-3.2	% 	
		
 	  	Three months ended	 	
Quarterly Average ROE	  	December 31,
2017	 	 	September 30,
2017	 	 	June 30,
2017	 	 	March 31,
2017	 	 	December 31,
2016	 	
GAAP Basis ROE	  	 	13.8	% 	 	 	4.3	% 	 	 	8.2	% 	 	 	6.4	% 	 	 	-5.1	% 	
Operating ROE (1)	  	 	12.8	% 	 	 	3.0	% 	 	 	6.2	% 	 	 	5.9	% 	 	 	-5.7	% 	

Basic and Diluted Shares	  	Three months ended
December 31, 2017	 	  	Twelve months ended
December 31, 2017	 	
Weighted-average common shares used in basic earnings per share calculations	  	 	499.2	 	  	 	499.0	 	
Potentially dilutive securities:	  				  				
Stock options, restricted stock units and stock appreciation rights	  	 	2.9	 	  	 	2.4	 	
	  	 	 	 	  	 	 	 	
Weighted-average common shares used in diluted earnings per share calculations	  	 	502.1	 	  	 	501.4	 	

(1)  	See page 48 herein for a reconciliation of GAAP Basis ROE to Operating ROE.	
 
6

Table of Contents
 
Consolidated Quarterly Results
 
7

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Consolidated Net Income (Loss) by Quarter
(amounts in millions, except per share amounts)

 	  	2017	 	 	2016	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	622	 	 	$	1,135	 	 	$	1,111	 	 	$	1,136	 	 	$	4,004	 	 	$	1,131	 	 	$	1,108	 	 	$	1,127	 	 	$	794	 	 	$	4,160	 	
Net investment income	  	 	812	 	 	 	797	 	 	 	801	 	 	 	790	 	 	 	3,200	 	 	 	786	 	 	 	805	 	 	 	779	 	 	 	789	 	 	 	3,159	 	
Net investment gains (losses)	  	 	45	 	 	 	85	 	 	 	101	 	 	 	34	 	 	 	265	 	 	 	41	 	 	 	20	 	 	 	30	 	 	 	(19	) 	 	 	72	 	
Policy fees and other income	  	 	207	 	 	 	198	 	 	 	210	 	 	 	211	 	 	 	826	 	 	 	240	 	 	 	217	 	 	 	300	 	 	 	221	 	 	 	978	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,686	 	 	 	2,215	 	 	 	2,223	 	 	 	2,171	 	 	 	8,295	 	 	 	2,198	 	 	 	2,150	 	 	 	2,236	 	 	 	1,785	 	 	 	8,369	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,383	 	 	 	1,344	 	 	 	1,206	 	 	 	1,246	 	 	 	5,179	 	 	 	1,530	 	 	 	1,662	 	 	 	1,193	 	 	 	860	 	 	 	5,245	 	
Interest credited	  	 	152	 	 	 	164	 	 	 	163	 	 	 	167	 	 	 	646	 	 	 	173	 	 	 	173	 	 	 	173	 	 	 	177	 	 	 	696	 	
Acquisition and operating expenses, net of deferrals	  	 	247	 	 	 	265	 	 	 	240	 	 	 	270	 	 	 	1,022	 	 	 	283	 	 	 	269	 	 	 	327	 	 	 	394	 	 	 	1,273	 	
Amortization of deferred acquisition costs and intangibles	  	 	119	 	 	 	83	 	 	 	139	 	 	 	94	 	 	 	435	 	 	 	193	 	 	 	94	 	 	 	112	 	 	 	99	 	 	 	498	 	
Interest expense	  	 	75	 	 	 	73	 	 	 	74	 	 	 	62	 	 	 	284	 	 	 	75	 	 	 	77	 	 	 	80	 	 	 	105	 	 	 	337	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,976	 	 	 	1,929	 	 	 	1,822	 	 	 	1,839	 	 	 	7,566	 	 	 	2,254	 	 	 	2,275	 	 	 	1,885	 	 	 	1,635	 	 	 	8,049	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(290	) 	 	 	286	 	 	 	401	 	 	 	332	 	 	 	729	 	 	 	(56	) 	 	 	(125	) 	 	 	351	 	 	 	150	 	 	 	320	 	
Provision (benefit) for income taxes	  	 	(555	) 	 	 	102	 	 	 	130	 	 	 	116	 	 	 	(207	) 	 	 	3	 	 	 	222	 	 	 	110	 	 	 	23	 	 	 	358	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	265	 	 	 	184	 	 	 	271	 	 	 	216	 	 	 	936	 	 	 	(59	) 	 	 	(347	) 	 	 	241	 	 	 	127	 	 	 	(38	) 	
Income (loss) from discontinued operations, net of taxes (1)	  	 	—  	 	 	 	(9	) 	 	 	—  	 	 	 	—  	 	 	 	(9	) 	 	 	(4	) 	 	 	15	 	 	 	(21	) 	 	 	(19	) 	 	 	(29	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	265	 	 	 	175	 	 	 	271	 	 	 	216	 	 	 	927	 	 	 	(63	) 	 	 	(332	) 	 	 	220	 	 	 	108	 	 	 	(67	) 	
Less: net income (loss) attributable to noncontrolling interests	  	 	(88	) 	 	 	68	 	 	 	69	 	 	 	61	 	 	 	110	 	 	 	59	 	 	 	48	 	 	 	48	 	 	 	55	 	 	 	210	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	$	353	 	 	$	107	 	 	$	202	 	 	$	155	 	 	$	817	 	 	$	(122	) 	 	$	(380	) 	 	$	172	 	 	$	53	 	 	$	(277	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Earnings (Loss) Per Share Data:	  	 	 	 	 				 				 				 				 				 				 				 				 				
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share	  				 				 				 				 				 				 				 				 				 				
Basic	  	$	0.71	 	 	$	0.23	 	 	$	0.40	 	 	$	0.31	 	 	$	1.66	 	 	$	(0.24	) 	 	$	(0.79	) 	 	$	0.39	 	 	$	0.14	 	 	$	(0.50	) 	
Diluted	  	$	0.70	 	 	$	0.23	 	 	$	0.40	 	 	$	0.31	 	 	$	1.65	 	 	$	(0.24	) 	 	$	(0.79	) 	 	$	0.39	 	 	$	0.14	 	 	$	(0.50	) 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share	  				 				 				 				 				 				 				 				 				 				
Basic	  	$	0.71	 	 	$	0.21	 	 	$	0.40	 	 	$	0.31	 	 	$	1.64	 	 	$	(0.25	) 	 	$	(0.76	) 	 	$	0.35	 	 	$	0.11	 	 	$	(0.56	) 	
Diluted	  	$	0.70	 	 	$	0.21	 	 	$	0.40	 	 	$	0.31	 	 	$	1.63	 	 	$	(0.25	) 	 	$	(0.76	) 	 	$	0.34	 	 	$	0.11	 	 	$	(0.56	) 	
Weighted-average common shares outstanding	  				 				 				 				 				 				 				 				 				 				
Basic	  	 	499.2	 	 	 	499.1	 	 	 	499.0	 	 	 	498.6	 	 	 	499.0	 	 	 	498.4	 	 	 	498.3	 	 	 	498.5	 	 	 	498.0	 	 	 	498.3	 	
Diluted (2)	  	 	502.1	 	 	 	501.6	 	 	 	501.2	 	 	 	501.0	 	 	 	501.4	 	 	 	498.4	 	 	 	498.3	 	 	 	500.4	 	 	 	499.4	 	 	 	498.3	 	

(1)  	Income (loss) from discontinued operations related to the lifestyle protection insurance business that was sold on December 1, 2015. During the third quarter of 2017, the company recorded an additional after-tax loss of $9 million related to certain claims adjustments and tax items associated with the lifestyle protection insurance business. 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 and 2.2 million, respectively, for the three months ended December 31, 2016 and September 30, 2016 and 2.0 million for the twelve months ended December 31, 2016 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 and 500.5 million, respectively, for the three months ended December 31, 2016 and September 30, 2016 and 500.3 million for the twelve months ended December 31, 2016.	
 
8

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss)
(amounts in millions, except per share amounts)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	$	353	 	  	$	107	 	 	$	202	 	 	$	155	 	 	$	817	 	 	$	(122	) 	 	$	(380	) 	 	$	172	 	 	$	53	 	 	$	(277	) 	
Add: net income (loss) attributable to noncontrolling interests	  	 	(88	) 	  	 	68	 	 	 	69	 	 	 	61	 	 	 	110	 	 	 	59	 	 	 	48	 	 	 	48	 	 	 	55	 	 	 	210	 	
 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	265	 	  	 	175	 	 	 	271	 	 	 	216	 	 	 	927	 	 	 	(63	) 	 	 	(332	) 	 	 	220	 	 	 	108	 	 	 	(67	) 	
Income (loss) from discontinued operations, net of taxes	  	 	—  	 	  	 	(9	) 	 	 	—  	 	 	 	—  	 	 	 	(9	) 	 	 	(4	) 	 	 	15	 	 	 	(21	) 	 	 	(19	) 	 	 	(29	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	265	 	  	 	184	 	 	 	271	 	 	 	216	 	 	 	936	 	 	 	(59	) 	 	 	(347	) 	 	 	241	 	 	 	127	 	 	 	(38	) 	
Less: income (loss) from continuing operations attributable to noncontrolling interests	  	 	(88	) 	  	 	68	 	 	 	69	 	 	 	61	 	 	 	110	 	 	 	59	 	 	 	48	 	 	 	48	 	 	 	55	 	 	 	210	 	
 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	353	 	  	 	116	 	 	 	202	 	 	 	155	 	 	 	826	 	 	 	(118	) 	 	 	(395	) 	 	 	193	 	 	 	72	 	 	 	(248	) 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	  	 	(41	) 	  	 	(62	) 	 	 	(79	) 	 	 	(20	) 	 	 	(202	) 	 	 	(28	) 	 	 	(18	) 	 	 	(39	) 	 	 	19	 	 	 	(66	) 	
(Gains) losses on sale of businesses	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(10	) 	 	 	7	 	 	 	(3	) 	
(Gains) losses on early extinguishment of debt	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(64	) 	 	 	16	 	 	 	(48	) 	
Losses from life block transactions	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	9	 	 	 	9	 	
Expenses related to restructuring	  	 	—  	 	  	 	1	 	 	 	—  	 	 	 	1	 	 	 	2	 	 	 	—  	 	 	 	2	 	 	 	5	 	 	 	15	 	 	 	22	 	
Fees associated with bond consent solicitation	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	18	 	 	 	18	 	
Taxes on adjustments	  	 	14	 	  	 	21	 	 	 	28	 	 	 	7	 	 	 	70	 	 	 	9	 	 	 	6	 	 	 	38	 	 	 	(53	) 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	326	 	  	$	76	 	 	$	151	 	 	$	143	 	 	$	696	 	 	$	(137	) 	 	$	(405	) 	 	$	123	 	 	$	103	 	 	$	(316	) 	

ADJUSTED OPERATING INCOME (LOSS):	  			 	  				 				 				 				 				 				 				 				 				
U.S. Mortgage Insurance segment	  	$	74	 	  	$	73	 	 	$	91	 	 	$	73	 	 	$	311	 	 	$	61	 	 	$	67	 	 	$	61	 	 	$	61	 	 	$	250	 	
Canada Mortgage Insurance segment	  	 	43	 	  	 	37	 	 	 	41	 	 	 	36	 	 	 	157	 	 	 	39	 	 	 	36	 	 	 	38	 	 	 	33	 	 	 	146	 	
Australia Mortgage Insurance segment	  	 	(125	) 	  	 	12	 	 	 	12	 	 	 	13	 	 	 	(88	) 	 	 	14	 	 	 	14	 	 	 	15	 	 	 	19	 	 	 	62	 	
U.S. Life Insurance segment:	  			 	  				 				 				 				 				 				 				 				 				
Long-Term Care Insurance	  	 	17	 	  	 	(5	) 	 	 	33	 	 	 	14	 	 	 	59	 	 	 	(1	) 	 	 	(270	) 	 	 	37	 	 	 	34	 	 	 	(200	) 	
Life Insurance	  	 	(85	) 	  	 	(9	) 	 	 	(1	) 	 	 	16	 	 	 	(79	) 	 	 	(193	) 	 	 	48	 	 	 	31	 	 	 	31	 	 	 	(83	) 	
Fixed Annuities	  	 	(1	) 	  	 	13	 	 	 	7	 	 	 	23	 	 	 	42	 	 	 	40	 	 	 	15	 	 	 	(13	) 	 	 	26	 	 	 	68	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	(69	) 	  	 	(1	) 	 	 	39	 	 	 	53	 	 	 	22	 	 	 	(154	) 	 	 	(207	) 	 	 	55	 	 	 	91	 	 	 	(215	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Runoff segment	  	 	13	 	  	 	13	 	 	 	11	 	 	 	14	 	 	 	51	 	 	 	6	 	 	 	12	 	 	 	6	 	 	 	4	 	 	 	28	 	
Corporate and Other	  	 	390	 	  	 	(58	) 	 	 	(43	) 	 	 	(46	) 	 	 	243	 	 	 	(103	) 	 	 	(327	) 	 	 	(52	) 	 	 	(105	) 	 	 	(587	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	326	 	  	$	76	 	 	$	151	 	 	$	143	 	 	$	696	 	 	$	(137	) 	 	$	(405	) 	 	$	123	 	 	$	103	 	 	$	(316	) 	

Earnings (Loss) Per Share Data:	  				  				 				 				 				 				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share	  				  				 				 				 				 				 				 				 				 				
Basic	  	$	0.71	 	  	$	0.21	 	 	$	0.40	 	 	$	0.31	 	 	$	1.64	 	 	$	(0.25	) 	 	$	(0.76	) 	 	$	0.35	 	 	$	0.11	 	 	$	(0.56	) 	
Diluted	  	$	0.70	 	  	$	0.21	 	 	$	0.40	 	 	$	0.31	 	 	$	1.63	 	 	$	(0.25	) 	 	$	(0.76	) 	 	$	0.34	 	 	$	0.11	 	 	$	(0.56	) 	
Adjusted operating income (loss) per share	  				  				 				 				 				 				 				 				 				 				
Basic	  	$	0.65	 	  	$	0.15	 	 	$	0.30	 	 	$	0.29	 	 	$	1.40	 	 	$	(0.27	) 	 	$	(0.81	) 	 	$	0.25	 	 	$	0.21	 	 	$	(0.63	) 	
Diluted	  	$	0.65	 	  	$	0.15	 	 	$	0.30	 	 	$	0.29	 	 	$	1.39	 	 	$	(0.27	) 	 	$	(0.81	) 	 	$	0.25	 	 	$	0.21	 	 	$	(0.63	) 	
Weighted-average common shares outstanding	  				  				 				 				 				 				 				 				 				 				
Basic	  	 	499.2	 	  	 	499.1	 	 	 	499.0	 	 	 	498.6	 	 	 	499.0	 	 	 	498.4	 	 	 	498.3	 	 	 	498.5	 	 	 	498.0	 	 	 	498.3	 	
Diluted (2)	  	 	502.1	 	  	 	501.6	 	 	 	501.2	 	 	 	501.0	 	 	 	501.4	 	 	 	498.4	 	 	 	498.3	 	 	 	500.4	 	 	 	499.4	 	 	 	498.3	 	

(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)  	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 and 2.2 million, respectively, for the three months ended December 31, 2016 and September 30, 2016 and 2.0 million for the twelve months ended December 31, 2016 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 and 500.5 million, respectively, for the three months ended December 31, 2016 and September 30, 2016 and 500.3 million for the twelve months ended December 31, 2016.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Consolidated Balance Sheets
(amounts in millions)

 	 	December 31,
2017	 	  	September 30,
2017	 	  	June 30,
2017	 	  	March 31,
2017	 	  	December 31,
2016	 	
ASSETS	 			 	  				  				  				  				
Investments:	 			 	  				  				  				  				
Fixed maturity securities available-for-sale, at fair value	 	$	62,525	 	  	$	62,552	 	  	$	61,944	 	  	$	60,597	 	  	$	60,572	 	
Equity securities available-for-sale, at fair value	 	 	820	 	  	 	765	 	  	 	855	 	  	 	709	 	  	 	632	 	
Commercial mortgage loans	 	 	6,341	 	  	 	6,268	 	  	 	6,237	 	  	 	6,107	 	  	 	6,111	 	
Restricted commercial mortgage loans related to securitization entities	 	 	107	 	  	 	111	 	  	 	118	 	  	 	122	 	  	 	129	 	
Policy loans	 	 	1,786	 	  	 	1,818	 	  	 	1,824	 	  	 	1,761	 	  	 	1,742	 	
Other invested assets	 	 	1,813	 	  	 	1,590	 	  	 	2,177	 	  	 	2,272	 	  	 	2,071	 	
Restricted other invested assets related to securitization entities	 	 	—  	 	  	 	—  	 	  	 	81	 	  	 	84	 	  	 	312	 	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total investments	 	 	73,392	 	  	 	73,104	 	  	 	73,236	 	  	 	71,652	 	  	 	71,569	 	
Cash and cash equivalents	 	 	2,875	 	  	 	2,836	 	  	 	2,853	 	  	 	3,018	 	  	 	2,784	 	
Accrued investment income	 	 	644	 	  	 	639	 	  	 	599	 	  	 	717	 	  	 	659	 	
Deferred acquisition costs	 	 	2,329	 	  	 	2,342	 	  	 	2,378	 	  	 	3,207	 	  	 	3,571	 	
Intangible assets and goodwill	 	 	301	 	  	 	315	 	  	 	334	 	  	 	381	 	  	 	348	 	
Reinsurance recoverable	 	 	17,569	 	  	 	17,553	 	  	 	17,609	 	  	 	17,681	 	  	 	17,755	 	
Other assets	 	 	453	 	  	 	552	 	  	 	715	 	  	 	703	 	  	 	673	 	
Deferred tax asset	 	 	504	 	  	 	24	 	  	 	23	 	  	 	—  	 	  	 	—  	 	
Separate account assets	 	 	7,230	 	  	 	7,264	 	  	 	7,269	 	  	 	7,327	 	  	 	7,299	 	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total assets	 	$	105,297	 	  	$	104,629	 	  	$	105,016	 	  	$	104,686	 	  	$	104,658	 	

 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
Consolidated Balance Sheets
(amounts in millions)

 	  	December 31,
2017	 	  	September 30,
2017	 	 	June 30,
2017	 	 	March 31,
2017	 	 	December 31,
2016	 	
LIABILITIES AND EQUITY	  			 	  				 				 				 				
Liabilities:	  			 	  				 				 				 				
Future policy benefits	  	$	38,472	 	  	$	38,022	 	 	$	37,772	 	 	$	37,291	 	 	$	37,063	 	
Policyholder account balances	  	 	24,195	 	  	 	24,531	 	 	 	24,971	 	 	 	25,383	 	 	 	25,662	 	
Liability for policy and contract claims	  	 	9,594	 	  	 	9,384	 	 	 	9,239	 	 	 	9,295	 	 	 	9,256	 	
Unearned premiums	  	 	3,967	 	  	 	3,512	 	 	 	3,400	 	 	 	3,370	 	 	 	3,378	 	
Other liabilities	  	 	1,910	 	  	 	2,002	 	 	 	2,629	 	 	 	2,657	 	 	 	2,916	 	
Borrowings related to securitization entities	  	 	40	 	  	 	59	 	 	 	63	 	 	 	68	 	 	 	74	 	
Non-recourse funding obligations	  	 	310	 	  	 	310	 	 	 	310	 	 	 	310	 	 	 	310	 	
Long-term borrowings	  	 	4,224	 	  	 	4,224	 	 	 	4,205	 	 	 	4,194	 	 	 	4,180	 	
Deferred tax liability	  	 	27	 	  	 	234	 	 	 	162	 	 	 	75	 	 	 	53	 	
Separate account liabilities	  	 	7,230	 	  	 	7,264	 	 	 	7,269	 	 	 	7,327	 	 	 	7,299	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	89,969	 	  	 	89,542	 	 	 	90,020	 	 	 	89,970	 	 	 	90,191	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	  			 	  				 				 				 				
Common stock	  	 	1	 	  	 	1	 	 	 	1	 	 	 	1	 	 	 	1	 	
Additional paid-in capital	  	 	11,977	 	  	 	11,973	 	 	 	11,969	 	 	 	11,964	 	 	 	11,962	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  			 	  				 				 				 				
Net unrealized investment gains (losses):	  			 	  				 				 				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	1,075	 	  	 	1,098	 	 	 	1,170	 	 	 	1,233	 	 	 	1,253	 	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	10	 	  	 	10	 	 	 	10	 	 	 	10	 	 	 	9	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	1,085	 	  	 	1,108	 	 	 	1,180	 	 	 	1,243	 	 	 	1,262	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	2,065	 	  	 	2,052	 	 	 	2,064	 	 	 	2,036	 	 	 	2,085	 	
Foreign currency translation and other adjustments	  	 	(123	) 	  	 	(125	) 	 	 	(149	) 	 	 	(183	) 	 	 	(253	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income	  	 	3,027	 	  	 	3,035	 	 	 	3,095	 	 	 	3,096	 	 	 	3,094	 	
Retained earnings	  	 	1,113	 	  	 	760	 	 	 	653	 	 	 	451	 	 	 	287	 	
Treasury stock, at cost	  	 	(2,700	) 	  	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	13,418	 	  	 	13,069	 	 	 	13,018	 	 	 	12,812	 	 	 	12,644	 	
Noncontrolling interests	  	 	1,910	 	  	 	2,018	 	 	 	1,978	 	 	 	1,904	 	 	 	1,823	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	  	 	15,328	 	  	 	15,087	 	 	 	14,996	 	 	 	14,716	 	 	 	14,467	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 Total liabilities and equity	  	$	105,297	 	  	$	104,629	 	 	$	105,016	 	 	$	104,686	 	 	$	104,658	 	

 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Consolidated Balance Sheet by Segment
(amounts in millions)

 	 	December 31, 2017	 	
 	 	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	 	U.S. Life
Insurance	 	 	Runoff	 	 	Corporate and
Other (1) 	 	 	Total	 	
ASSETS	 				 				 				 				 				 				 				
Cash and investments	 	$	3,019	 	 	$	5,293	 	 	$	2,664	 	 	$	62,994	 	 	$	2,615	 	 	$	326	 	 	$	76,911	 	
Deferred acquisition costs and intangible assets	 	 	48	 	 	 	147	 	 	 	102	 	 	 	2,101	 	 	 	224	 	 	 	8	 	 	 	2,630	 	
Reinsurance recoverable	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	16,766	 	 	 	802	 	 	 	—  	 	 	 	17,569	 	
Deferred tax and other assets	 	 	205	 	 	 	94	 	 	 	207	 	 	 	(566	) 	 	 	36	 	 	 	981	 	 	 	957	 	
Separate account assets	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	7,230	 	 	 	—  	 	 	 	7,230	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	$	3,273	 	 	$	5,534	 	 	$	2,973	 	 	$	81,295	 	 	$	10,907	 	 	$	1,315	 	 	$	105,297	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	 				 				 				 				 				 				 				
Liabilities:	 				 				 				 				 				 				 				
Future policy benefits	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	38,469	 	 	$	3	 	 	$	—  	 	 	$	38,472	 	
Policyholder account balances	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	21,138	 	 	 	3,057	 	 	 	—  	 	 	 	24,195	 	
Liability for policy and contract claims	 	 	455	 	 	 	87	 	 	 	218	 	 	 	8,816	 	 	 	11	 	 	 	7	 	 	 	9,594	 	
Unearned premiums	 	 	404	 	 	 	1,700	 	 	 	1,299	 	 	 	560	 	 	 	4	 	 	 	—  	 	 	 	3,967	 	
Non-recourse funding obligations	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	310	 	 	 	—  	 	 	 	—  	 	 	 	310	 	
Deferred tax and other liabilities	 	 	71	 	 	 	281	 	 	 	189	 	 	 	483	 	 	 	49	 	 	 	864	 	 	 	1,937	 	
Borrowings and capital securities	 	 	—  	 	 	 	346	 	 	 	154	 	 	 	—  	 	 	 	—  	 	 	 	3,764	 	 	 	4,264	 	
Separate account liabilities	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	7,230	 	 	 	—  	 	 	 	7,230	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	930	 	 	 	2,414	 	 	 	1,860	 	 	 	69,776	 	 	 	10,354	 	 	 	4,635	 	 	 	89,969	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	 				 				 				 				 				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	 	 	2,324	 	 	 	1,885	 	 	 	430	 	 	 	7,831	 	 	 	551	 	 	 	(2,630	) 	 	 	10,391	 	
Allocated accumulated other comprehensive income (loss)	 	 	19	 	 	 	(112	) 	 	 	120	 	 	 	3,688	 	 	 	2	 	 	 	(690	) 	 	 	3,027	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	 	 	2,343	 	 	 	1,773	 	 	 	550	 	 	 	11,519	 	 	 	553	 	 	 	(3,320	) 	 	 	13,418	 	
Noncontrolling interests	 	 	—  	 	 	 	1,347	 	 	 	563	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1,910	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	 	 	2,343	 	 	 	3,120	 	 	 	1,113	 	 	 	11,519	 	 	 	553	 	 	 	(3,320	) 	 	 	15,328	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	 	$	3,273	 	 	$	5,534	 	 	$	2,973	 	 	$	81,295	 	 	$	10,907	 	 	$	1,315	 	 	$	105,297	 	

(1)  	Includes inter-segment eliminations and other businesses that are managed outside the operating segments.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017

Consolidated Balance Sheet by Segment
(amounts in millions)

 	 	September 30, 2017	 	
 	 	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	 	U.S. Life
Insurance	 	 	Runoff	 	 	Corporate and
Other (1) 	 	 	Total	 	
ASSETS	 				 				 				 				 				 				 				
Cash and investments	 	$	2,924	 	 	$	5,225	 	 	$	2,699	 	 	$	62,593	 	 	$	2,840	 	 	$	298	 	 	$	76,579	 	
Deferred acquisition costs and intangible assets	 	 	47	 	 	 	148	 	 	 	83	 	 	 	2,144	 	 	 	227	 	 	 	8	 	 	 	2,657	 	
Reinsurance recoverable	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	16,743	 	 	 	809	 	 	 	—  	 	 	 	17,553	 	
Deferred tax and other assets	 	 	43	 	 	 	62	 	 	 	32	 	 	 	378	 	 	 	9	 	 	 	52	 	 	 	576	 	
Separate account assets	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	7,264	 	 	 	—  	 	 	 	7,264	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	$	3,015	 	 	$	5,435	 	 	$	2,814	 	 	$	81,858	 	 	$	11,149	 	 	$	358	 	 	$	104,629	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	 				 				 				 				 				 				 				
Liabilities:	 				 				 				 				 				 				 				
Future policy benefits	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	38,020	 	 	$	2	 	 	$	—  	 	 	$	38,022	 	
Policyholder account balances	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	21,369	 	 	 	3,162	 	 	 	—  	 	 	 	24,531	 	
Liability for policy and contract claims	 	 	460	 	 	 	97	 	 	 	232	 	 	 	8,573	 	 	 	14	 	 	 	8	 	 	 	9,384	 	
Unearned premiums	 	 	390	 	 	 	1,713	 	 	 	852	 	 	 	552	 	 	 	5	 	 	 	—  	 	 	 	3,512	 	
Non-recourse funding obligations	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	310	 	 	 	—  	 	 	 	—  	 	 	 	310	 	
Deferred tax and other liabilities	 	 	(200	) 	 	 	235	 	 	 	195	 	 	 	2,182	 	 	 	(32	) 	 	 	(144	) 	 	 	2,236	 	
Borrowings and capital securities	 	 	—  	 	 	 	348	 	 	 	154	 	 	 	—  	 	 	 	12	 	 	 	3,769	 	 	 	4,283	 	
Separate account liabilities	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	7,264	 	 	 	—  	 	 	 	7,264	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	650	 	 	 	2,393	 	 	 	1,433	 	 	 	71,006	 	 	 	10,427	 	 	 	3,633	 	 	 	89,542	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	 				 				 				 				 				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	 	 	2,341	 	 	 	1,852	 	 	 	566	 	 	 	7,813	 	 	 	719	 	 	 	(3,257	) 	 	 	10,034	 	
Allocated accumulated other comprehensive income (loss)	 	 	24	 	 	 	(128	) 	 	 	115	 	 	 	3,039	 	 	 	3	 	 	 	(18	) 	 	 	3,035	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	 	 	2,365	 	 	 	1,724	 	 	 	681	 	 	 	10,852	 	 	 	722	 	 	 	(3,275	) 	 	 	13,069	 	
Noncontrolling interests	 	 	—  	 	 	 	1,318	 	 	 	700	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	2,018	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	 	 	2,365	 	 	 	3,042	 	 	 	1,381	 	 	 	10,852	 	 	 	722	 	 	 	(3,275	) 	 	 	15,087	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 Total liabilities and equity	 	$	3,015	 	 	$	5,435	 	 	$	2,814	 	 	$	81,858	 	 	$	11,149	 	 	$	358	 	 	$	104,629	 	

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

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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 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, 2017	  	$	28	 	 	$	132	 	 	$	31	 	  	$	3,642	 	 	$	226	 	 	$	—  	 	  	$	4,059	 	
Costs deferred	  	 	2	 	 	 	11	 	 	 	3	 	  	 	5	 	 	 	—  	 	 	 	—  	 	  	 	21	 	
Amortization, net of interest accretion	  	 	(2	) 	 	 	(12	) 	 	 	15	 	  	 	(78	) 	 	 	(4	) 	 	 	—  	 	  	 	(81	) 	
Impact of foreign currency translation	  	 	—  	 	 	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	  	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Unamortized balance as of December 31, 2017	  	 	28	 	 	 	131	 	 	 	49	 	  	 	3,569	 	 	 	222	 	 	 	—  	 	  	 	3,999	 	
Effect of accumulated net unrealized investment (gains) losses	  	 	—  	 	 	 	—  	 	 	 	—  	 	  	 	(1,661	) 	 	 	(9	) 	 	 	—  	 	  	 	(1,670	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Balance as of December 31, 2017	  	$	28	 	 	$	131	 	 	$	49	 	  	$	1,908	 	 	$	213	 	 	$	—  	 	  	$	2,329	 	

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

14

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U.S. Mortgage Insurance Segment
 
15

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Adjusted Operating Income and Sales—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	2017	 	  	2016	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	 	Total	 	
REVENUES:	  			 	  				  				  				  				  				  				  				  				 				
Premiums	  	$	181	 	  	$	175	 	  	$	170	 	  	$	169	 	  	$	695	 	  	$	171	 	  	$	169	 	  	$	160	 	  	$	160	 	 	$	660	 	
Net investment income	  	 	20	 	  	 	18	 	  	 	18	 	  	 	17	 	  	 	73	 	  	 	17	 	  	 	16	 	  	 	15	 	  	 	15	 	 	 	63	 	
Net investment gains (losses)	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	(1	) 	 	 	(1	) 	
Policy fees and other income	  	 	1	 	  	 	1	 	  	 	1	 	  	 	1	 	  	 	4	 	  	 	1	 	  	 	1	 	  	 	1	 	  	 	1	 	 	 	4	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Total revenues	  	 	202	 	  	 	194	 	  	 	189	 	  	 	187	 	  	 	772	 	  	 	189	 	  	 	186	 	  	 	176	 	  	 	175	 	 	 	726	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				  				  				  				  				  				 				
Benefits and other changes in policy reserves	  	 	40	 	  	 	35	 	  	 	3	 	  	 	29	 	  	 	107	 	  	 	48	 	  	 	36	 	  	 	38	 	  	 	38	 	 	 	160	 	
Acquisition and operating expenses, net of deferrals	  	 	41	 	  	 	43	 	  	 	41	 	  	 	40	 	  	 	165	 	  	 	42	 	  	 	45	 	  	 	41	 	  	 	39	 	 	 	167	 	
Amortization of deferred acquisition costs and intangibles	  	 	4	 	  	 	3	 	  	 	3	 	  	 	4	 	  	 	14	 	  	 	4	 	  	 	3	 	  	 	2	 	  	 	3	 	 	 	12	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	85	 	  	 	81	 	  	 	47	 	  	 	73	 	  	 	286	 	  	 	94	 	  	 	84	 	  	 	81	 	  	 	80	 	 	 	339	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	117	 	  	 	113	 	  	 	142	 	  	 	114	 	  	 	486	 	  	 	95	 	  	 	102	 	  	 	95	 	  	 	95	 	 	 	387	 	
Provision for income taxes	  	 	43	 	  	 	40	 	  	 	51	 	  	 	41	 	  	 	175	 	  	 	34	 	  	 	36	 	  	 	34	 	  	 	34	 	 	 	138	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	74	 	  	 	73	 	  	 	91	 	  	 	73	 	  	 	311	 	  	 	61	 	  	 	66	 	  	 	61	 	  	 	61	 	 	 	249	 	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				  				  				  				  				  				  				  				 				
Net investment (gains) losses	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	1	 	 	 	1	 	
Expenses related to restructuring	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	1	 	  	 	—  	 	  	 	—  	 	 	 	1	 	
Taxes on adjustments	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	(1	) 	 	 	(1	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME	  	$	74	 	  	$	73	 	  	$	91	 	  	$	73	 	  	$	311	 	  	$	61	 	  	$	67	 	  	$	61	 	  	$	61	 	 	$	250	 	

											
SALES:	  				  				  				  				  				  				  				  				  				 				
New Insurance Written (NIW)	  				  				  				  				  				  				  				  				  				 				
Flow	  	$	10,200	 	  	$	11,300	 	  	$	9,800	 	  	$	7,600	 	  	$	38,900	 	  	$	11,100	 	  	$	12,800	 	  	$	11,400	 	  	$	7,400	 	 	$	42,700	 	
Bulk	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	
Total U.S. Mortgage Insurance NIW	  	$	10,200	 	  	$	11,300	 	  	$	9,800	 	  	$	7,600	 	  	$	38,900	 	  	$	11,100	 	  	$	12,800	 	  	$	11,400	 	  	$	7,400	 	 	$	42,700	 	

 
16

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Flow New Insurance Written Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	 	2017	 	 	2016	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
 	 	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	 	
Product	 				 			 	 				  				 				  				 				  				 				  				 				  				 				  				 				  				
Monthly (1)	 	$	7,900	 	 	 	77	% 	 	$	8,600	 	  	 	76	% 	 	$	7,900	 	  	 	81	% 	 	$	6,100	 	  	 	80	% 	 	$	8,800	 	  	 	79	% 	 	$	10,000	 	  	 	78	% 	 	$	8,400	 	  	 	74	% 	 	$	5,400	 	  	 	73	% 	
Single	 	 	2,300	 	 	 	23	 	 	 	2,700	 	  	 	24	 	 	 	1,900	 	  	 	19	 	 	 	1,500	 	  	 	20	 	 	 	2,300	 	  	 	21	 	 	 	2,800	 	  	 	22	 	 	 	3,000	 	  	 	26	 	 	 	2,000	 	  	 	27	 	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	 	$	10,200	 	 	 	100	% 	 	$	11,300	 	  	 	100	% 	 	$	9,800	 	  	 	100	% 	 	$	7,600	 	  	 	100	% 	 	$	11,100	 	  	 	100	% 	 	$	12,800	 	  	 	100	% 	 	$	11,400	 	  	 	100	% 	 	$	7,400	 	  	 	100	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
FICO Scores	 				 			 	 				  				 				  				 				  				 				  				 				  				 				  				 				  				
Over 735	 	$	5,900	 	 	 	58	% 	 	$	6,900	 	  	 	61	% 	 	$	6,000	 	  	 	61	% 	 	$	4,700	 	  	 	62	% 	 	$	7,000	 	  	 	63	% 	 	$	8,100	 	  	 	63	% 	 	$	7,100	 	  	 	62	% 	 	$	4,400	 	  	 	60	% 	
680-735	 	 	3,400	 	 	 	33	 	 	 	3,500	 	  	 	31	 	 	 	3,100	 	  	 	32	 	 	 	2,300	 	  	 	30	 	 	 	3,300	 	  	 	30	 	 	 	3,800	 	  	 	30	 	 	 	3,400	 	  	 	30	 	 	 	2,400	 	  	 	32	 	
660-679 (2)	 	 	500	 	 	 	5	 	 	 	500	 	  	 	4	 	 	 	400	 	  	 	4	 	 	 	300	 	  	 	4	 	 	 	500	 	  	 	4	 	 	 	500	 	  	 	4	 	 	 	500	 	  	 	4	 	 	 	300	 	  	 	4	 	
620-659	 	 	400	 	 	 	4	 	 	 	400	 	  	 	4	 	 	 	300	 	  	 	3	 	 	 	300	 	  	 	4	 	 	 	300	 	  	 	3	 	 	 	400	 	  	 	3	 	 	 	400	 	  	 	4	 	 	 	300	 	  	 	4	 	
<620	 	 	—  	 	 	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	 	$	10,200	 	 	 	100	% 	 	$	11,300	 	  	 	100	% 	 	$	9,800	 	  	 	100	% 	 	$	7,600	 	  	 	100	% 	 	$	11,100	 	  	 	100	% 	 	$	12,800	 	  	 	100	% 	 	$	11,400	 	  	 	100	% 	 	$	7,400	 	  	 	100	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Loan-To-Value Ratio	 				 			 	 				  				 				  				 				  				 				  				 				  				 				  				 				  				
95.01% and above	 	$	1,700	 	 	 	17	% 	 	$	1,600	 	  	 	14	% 	 	$	1,100	 	  	 	11	% 	 	$	800	 	  	 	11	% 	 	$	1,000	 	  	 	9	% 	 	$	1,000	 	  	 	8	% 	 	$	700	 	  	 	6	% 	 	$	400	 	  	 	5	% 	
90.01% to 95.00%	 	 	4,500	 	 	 	44	 	 	 	5,200	 	  	 	46	 	 	 	4,700	 	  	 	48	 	 	 	3,500	 	  	 	46	 	 	 	5,000	 	  	 	45	 	 	 	6,100	 	  	 	48	 	 	 	5,900	 	  	 	52	 	 	 	3,700	 	  	 	50	 	
85.01% to 90.00%	 	 	2,900	 	 	 	28	 	 	 	3,300	 	  	 	29	 	 	 	2,900	 	  	 	30	 	 	 	2,300	 	  	 	30	 	 	 	3,400	 	  	 	31	 	 	 	4,000	 	  	 	31	 	 	 	3,400	 	  	 	30	 	 	 	2,400	 	  	 	33	 	
85.00% and below	 	 	1,100	 	 	 	11	 	 	 	1,200	 	  	 	11	 	 	 	1,100	 	  	 	11	 	 	 	1,000	 	  	 	13	 	 	 	1,700	 	  	 	15	 	 	 	1,700	 	  	 	13	 	 	 	1,400	 	  	 	12	 	 	 	900	 	  	 	12	 	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	 	$	10,200	 	 	 	100	% 	 	$	11,300	 	  	 	100	% 	 	$	9,800	 	  	 	100	% 	 	$	7,600	 	  	 	100	% 	 	$	11,100	 	  	 	100	% 	 	$	12,800	 	  	 	100	% 	 	$	11,400	 	  	 	100	% 	 	$	7,400	 	  	 	100	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Origination	 				 			 	 				  				 				  				 				  				 				  				 				  				 				  				 				  				
Purchase	 	$	9,100	 	 	 	89	% 	 	$	10,300	 	  	 	91	% 	 	$	9,000	 	  	 	92	% 	 	$	6,300	 	  	 	83	% 	 	$	8,400	 	  	 	76	% 	 	$	10,500	 	  	 	82	% 	 	$	9,400	 	  	 	82	% 	 	$	6,000	 	  	 	81	% 	
Refinance	 	 	1,100	 	 	 	11	 	 	 	1,000	 	  	 	9	 	 	 	800	 	  	 	8	 	 	 	1,300	 	  	 	17	 	 	 	2,700	 	  	 	24	 	 	 	2,300	 	  	 	18	 	 	 	2,000	 	  	 	18	 	 	 	1,400	 	  	 	19	 	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	 	$	10,200	 	 	 	100	% 	 	$	11,300	 	  	 	100	% 	 	$	9,800	 	  	 	100	% 	 	$	7,600	 	  	 	100	% 	 	$	11,100	 	  	 	100	% 	 	$	12,800	 	  	 	100	% 	 	$	11,400	 	  	 	100	% 	 	$	7,400	 	  	 	100	% 	

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

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Other Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2017	 	 	 	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	 	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	196	 	  	$	200	 	 	$	186	 	 	$	175	 	 	$	757	 	 				 	$	185	 	 	$	193	 	 	$	190	 	 	$	176	 	 	$	744	 	
	 	 										
New Risk Written	  			 	  				 				 				 				 				 				 				 				 				 				
Flow	  	$	2,539	 	  	$	2,846	 	 	$	2,478	 	 	$	1,864	 	 	$	9,727	 	 				 	$	2,673	 	 	$	3,188	 	 	$	2,865	 	 	$	1,845	 	 	$	10,571	 	
Bulk	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 				 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	2,539	 	  	 	2,846	 	 	 	2,478	 	 	 	1,864	 	 	 	9,727	 	 				 	 	2,673	 	 	 	3,188	 	 	 	2,865	 	 	 	1,845	 	 	 	10,571	 	
Pool	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 				 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total New Risk Written	  	$	2,539	 	  	$	2,846	 	 	$	2,478	 	 	$	1,864	 	 	$	9,727	 	 				 	$	2,673	 	 	$	3,188	 	 	$	2,865	 	 	$	1,845	 	 	$	10,571	 	

Primary Insurance In-Force (1)	  	$	151,800	 	  	$	148,000	 	 	$	143,000	 	 	$	139,300	 	 				 				 	$	137,500	 	 	$	133,700	 	 	$	128,400	 	 	$	124,100	 	 				
	 	 										
Risk In-Force	  			 	  				 				 				 				 				 				 				 				 				 				
Flow (2)	  	$	36,498	 	  	$	35,567	 	 	$	34,286	 	 	$	33,347	 	 				 				 	$	32,891	 	 	$	32,067	 	 	$	30,760	 	 	$	29,620	 	 				
Bulk (3)	  	 	212	 	  	 	252	 	 	 	257	 	 	 	266	 	 				 				 	 	278	 	 	 	290	 	 	 	314	 	 	 	318	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	  	 	36,710	 	  	 	35,819	 	 	 	34,543	 	 	 	33,613	 	 				 				 	 	33,169	 	 	 	32,357	 	 	 	31,074	 	 	 	29,938	 	 				
Pool	  	 	83	 	  	 	86	 	 	 	92	 	 	 	96	 	 				 				 	 	100	 	 	 	104	 	 	 	111	 	 	 	116	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-Force	  	$	36,793	 	  	$	35,905	 	 	$	34,635	 	 	$	33,709	 	 				 				 	$	33,269	 	 	$	32,461	 	 	$	31,185	 	 	$	30,054	 	 				

Primary Risk In-Force That Is GSE Conforming	  	 	94	% 	  	 	95	% 	 	 	95	% 	 	 	95	% 	 				 				 	 	95	% 	 	 	96	% 	 	 	96	% 	 	 	96	% 	 				
	 	 									
Expense Ratio (Net Earned Premiums) (4)	  	 	25	% 	  	 	26	% 	 	 	26	% 	 	 	26	% 	 	 	26%	 	 	 	27	% 	 	 	28	% 	 	 	27	% 	 	 	26	% 	 	 	27	% 	
	 	 									
Expense Ratio (Net Premiums Written) (5)	  	 	23	% 	  	 	23	% 	 	 	24	% 	 	 	25	% 	 	 	24%	 	 	 	25	% 	 	 	24	% 	 	 	23	% 	 	 	24	% 	 	 	24	% 	
	 	 										
Flow Persistency	  	 	83	% 	  	 	83	% 	 	 	82	% 	 	 	83	% 	 				 				 	 	78	% 	 	 	77	% 	 	 	77	% 	 	 	82	% 	 				
	 	 										
Risk To Capital Ratio (6)	  	 	12.7:1	 	  	 	12.8:1	 	 	 	13.0:1	 	 	 	13.6:1	 	 				 				 	 	14.4:1	 	 	 	15.0:1	 	 	 	15.0:1	 	 	 	15.3:1	 	 				
	 	 										
PMIERs Sufficiency Ratio (7)	  	 	121	% 	  	 	122	% 	 	 	122	% 	 	 	118	% 	 				 				 	 	115	% 	 	 	117	% 	 	 	115	% 	 	 	113	% 	 				
	 	 										
Average Primary Loan Size (in thousands)	  	$	205	 	  	$	203	 	 	$	200	 	 	$	198	 	 				 				 	$	196	 	 	$	195	 	 	$	192	 	 	$	189	 	 				
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, 2017, 88% 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)  	The PMIERs sufficiency ratio is calculated as available assets divided by required assets as defined within the current 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, 2017, September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016, June 30, 2016 and March 31, 2016, the PMIERs sufficiency ratios were in excess of $550 million, $500 million, $500 million, $400 million, $350 million, $400 million, $350 million and $300 million, respectively, of available assets above the current PMIERs requirements. The PMIERs sufficiency ratio as of December 31, 2017 was negatively impacted by four points by the increase in new delinquencies in areas impacted by hurricanes Harvey and Irma.	
 
18

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Loss Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				 				 				 				 				 				 				 				 				
Flow	  			 	  				 				 				 				 				 				 				 				 				
Direct (1)	  	$	41	 	  	$	62	 	 	$	92	 	 	$	76	 	 	$	271	 	 	$	65	 	 	$	80	 	 	$	94	 	 	$	112	 	 	$	351	 	
Assumed (2)	  	 	1	 	  	 	—  	 	 	 	—  	 	 	 	2	 	 	 	3	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	2	 	 	 	5	 	
Ceded	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	(3	) 	 	 	(4	) 	
Loss adjustment expenses	  	 	2	 	  	 	2	 	 	 	2	 	 	 	2	 	 	 	8	 	 	 	3	 	 	 	2	 	 	 	3	 	 	 	3	 	 	 	11	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	 	44	 	  	 	64	 	 	 	94	 	 	 	79	 	 	 	281	 	 	 	69	 	 	 	83	 	 	 	97	 	 	 	114	 	 	 	363	 	
Bulk	  	 	1	 	  	 	1	 	 	 	1	 	 	 	1	 	 	 	4	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	2	 	 	 	5	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	45	 	  	 	65	 	 	 	95	 	 	 	80	 	 	 	285	 	 	 	70	 	 	 	84	 	 	 	98	 	 	 	116	 	 	 	368	 	
Pool	  	 	—  	 	  	 	1	 	 	 	1	 	 	 	—  	 	 	 	2	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	45	 	  	$	66	 	 	$	96	 	 	$	80	 	 	$	287	 	 	$	71	 	 	$	84	 	 	$	99	 	 	$	116	 	 	$	370	 	

Average Paid Claim (in thousands) (1)	  	$	51.0	 	  	$	50.6	 	 	$	46.6	 	 	$	51.2	 	 				 	$	50.0	 	 	$	53.6	 	 	$	50.8	 	 	$	51.9	 	 				
	 	 									
Average Reserve Per Delinquency (in thousands)	  			 	  				 				 				 				 				 				 				 				 				
Flow (3)	  	$	19.7	 	  	$	22.6	 	 	$	24.1	 	 	$	25.8	 	 				 	$	25.1	 	 	$	25.9	 	 	$	27.8	 	 	$	28.3	 	 				
Bulk loans with established reserve	  	 	18.1	 	  	 	18.7	 	 	 	19.5	 	 	 	19.1	 	 				 	 	18.5	 	 	 	18.8	 	 	 	21.1	 	 	 	21.2	 	 				
	 	 									
Reserves:	  			 	  				 				 				 				 				 				 				 				 				
Flow direct case	  	$	408	 	  	$	412	 	 	$	440	 	 	$	530	 	 				 	$	579	 	 	$	599	 	 	$	640	 	 	$	698	 	 				
Bulk direct case	  	 	10	 	  	 	11	 	 	 	12	 	 	 	12	 	 				 	 	13	 	 	 	14	 	 	 	14	 	 	 	15	 	 				
Assumed (2)	  	 	3	 	  	 	3	 	 	 	4	 	 	 	4	 	 				 	 	5	 	 	 	6	 	 	 	6	 	 	 	7	 	 				
All other (4)	  	 	34	 	  	 	34	 	 	 	34	 	 	 	37	 	 				 	 	38	 	 	 	39	 	 	 	47	 	 	 	48	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Reserves	  	$	455	 	  	$	460	 	 	$	490	 	 	$	583	 	 				 	$	635	 	 	$	658	 	 	$	707	 	 	$	768	 	 				

Beginning Reserves	  	$	460	 	  	$	490	 	 	$	583	 	 	$	635	 	 	$	635	 	 	$	658	 	 	$	707	 	 	$	768	 	 	$	849	 	 	$	849	 	
Paid claims	  	 	(45	) 	  	 	(66	) 	 	 	(96	) 	 	 	(81	) 	 	 	(288	) 	 	 	(71	) 	 	 	(84	) 	 	 	(99	) 	 	 	(119	) 	 	 	(373	) 	
Increase in reserves	  	 	40	 	  	 	36	 	 	 	3	 	 	 	29	 	 	 	108	 	 	 	48	 	 	 	35	 	 	 	38	 	 	 	38	 	 	 	159	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	455	 	  	$	460	 	 	$	490	 	 	$	583	 	 	$	455	 	 	$	635	 	 	$	658	 	 	$	707	 	 	$	768	 	 	$	635	 	

Beginning Reinsurance Recoverable (5)	  	$	1	 	  	$	1	 	 	$	1	 	 	$	2	 	 	$	2	 	 	$	2	 	 	$	2	 	 	$	2	 	 	$	5	 	 	$	5	 	
Ceded paid claims	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(3	) 	 	 	(3	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reinsurance Recoverable	  	$	1	 	  	$	1	 	 	$	1	 	 	$	1	 	 	$	1	 	 	$	2	 	 	$	2	 	 	$	2	 	 	$	2	 	 	$	2	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (6)	  	 	22	% 	  	 	20	% 	 	 	2	% 	 	 	17	% 	 	 	15	% 	 	 	28	% 	 	 	21	% 	 	 	24	% 	 	 	24	% 	 	 	24	% 	
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 average paid claim in the second quarter of 2017 included 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 reserve per delinquency in the fourth quarter of 2017 reflects a decrease in the hurricanes Harvey and Irma impacted areas. There were approximately three thousand new delinquencies in impacted areas. However, the company’s experience indicates that these delinquencies have different ultimate claim rates and, therefore, the company has lowered its expected claim frequency for the incremental delinquencies.	
(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 benefits and other changes in policy reserves to net earned premiums. The fourth quarter of 2017 reflects an increase in the hurricanes Harvey and Irma impacted areas, which negatively impacted benefits and other changes in policy reserves by approximately $5 million.	
 
19

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Delinquency Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Number of Primary Delinquencies	  			 	  				 				 				 				 				 				 				 				 				
Flow (1)	  	 	22,483	 	  	 	19,765	 	 	 	19,733	 	 	 	22,036	 	 				 	 	24,631	 	 	 	24,720	 	 	 	24,753	 	 	 	26,491	 	 				
Bulk loans with an established reserve	  	 	614	 	  	 	631	 	 	 	653	 	 	 	695	 	 				 	 	756	 	 	 	778	 	 	 	732	 	 	 	776	 	 				
Bulk loans with no reserve (2)	  	 	91	 	  	 	112	 	 	 	291	 	 	 	288	 	 				 	 	322	 	 	 	305	 	 	 	313	 	 	 	335	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Number of Primary Delinquencies	  	 	23,188	 	  	 	20,508	 	 	 	20,677	 	 	 	23,019	 	 				 	 	25,709	 	 	 	25,803	 	 	 	25,798	 	 	 	27,602	 	 				

Beginning Number of Primary Delinquencies	  	 	20,508	 	  	 	20,677	 	 	 	23,019	 	 	 	25,709	 	 	 	25,709	 	 	 	25,803	 	 	 	25,798	 	 	 	27,602	 	 	 	31,663	 	 	 	31,663	 	
New delinquencies (1)	  	 	11,979	 	  	 	8,753	 	 	 	7,776	 	 	 	8,456	 	 	 	36,964	 	 	 	9,504	 	 	 	9,609	 	 	 	8,265	 	 	 	8,761	 	 	 	36,139	 	
Delinquency cures (1)	  	 	(8,419	) 	  	 	(7,654	) 	 	 	(8,085	) 	 	 	(9,583	) 	 	 	(33,741	) 	 	 	(8,201	) 	 	 	(8,043	) 	 	 	(8,137	) 	 	 	(10,602	) 	 	 	(34,983	) 	
Paid claims	  	 	(880	) 	  	 	(1,268	) 	 	 	(2,033	) 	 	 	(1,563	) 	 	 	(5,744	) 	 	 	(1,397	) 	 	 	(1,561	) 	 	 	(1,932	) 	 	 	(2,220	) 	 	 	(7,110	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Number of Primary Delinquencies	  	 	23,188	 	  	 	20,508	 	 	 	20,677	 	 	 	23,019	 	 	 	23,188	 	 	 	25,709	 	 	 	25,803	 	 	 	25,798	 	 	 	27,602	 	 	 	25,709	 	

Composition of Cures	  			 	  				 				 				 				 				 				 				 				 				
Reported delinquent and cured-intraquarter	  	 	2,007	 	  	 	1,713	 	 	 	1,697	 	 	 	2,350	 	 				 	 	1,742	 	 	 	1,798	 	 	 	1,597	 	 	 	2,503	 	 				
Number of missed payments delinquent prior to cure:	  			 	  				 				 				 				 				 				 				 				 				
3 payments or less	  	 	4,547	 	  	 	4,104	 	 	 	4,285	 	 	 	5,375	 	 				 	 	4,660	 	 	 	4,276	 	 	 	4,335	 	 	 	5,775	 	 				
4 - 11 payments	  	 	1,346	 	  	 	1,305	 	 	 	1,678	 	 	 	1,432	 	 				 	 	1,301	 	 	 	1,413	 	 	 	1,577	 	 	 	1,443	 	 				
12 payments or more	  	 	519	 	  	 	532	 	 	 	425	 	 	 	426	 	 				 	 	498	 	 	 	556	 	 	 	628	 	 	 	881	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total (1)	  	 	8,419	 	  	 	7,654	 	 	 	8,085	 	 	 	9,583	 	 				 	 	8,201	 	 	 	8,043	 	 	 	8,137	 	 	 	10,602	 	 				

Primary Delinquencies by Missed Payment Status	  			 	  				 				 				 				 				 				 				 				 				
3 payments or less	  	 	10,852	 	  	 	8,542	 	 	 	7,877	 	 	 	8,114	 	 				 	 	9,703	 	 	 	9,405	 	 	 	8,529	 	 	 	8,395	 	 				
4 - 11 payments	  	 	6,319	 	  	 	5,420	 	 	 	5,520	 	 	 	6,341	 	 				 	 	6,548	 	 	 	6,212	 	 	 	6,323	 	 	 	7,254	 	 				
12 payments or more	  	 	6,017	 	  	 	6,546	 	 	 	7,280	 	 	 	8,564	 	 				 	 	9,458	 	 	 	10,186	 	 	 	10,946	 	 	 	11,953	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Delinquencies (1)	  	 	23,188	 	  	 	20,508	 	 	 	20,677	 	 	 	23,019	 	 				 	 	25,709	 	 	 	25,803	 	 	 	25,798	 	 	 	27,602	 	 				

								
 	  	December 31, 2017	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Delinquencies and Percentage
Reserved by Payment Status	  	Delinquencies (1)	 	  	Direct Case
Reserves (3) 	 	 	Risk In-Force	 	 	Reserves as % of
Risk In-Force	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
3 payments or less in default	  	 	10,594	 	  	$	46	 	 	$	474	 	 	 	10	% 	 				 				 				 				 				 				
4 - 11 payments in default	  	 	6,178	 	  	 	125	 	 	 	279	 	 	 	45	% 	 				 				 				 				 				 				
12 payments or more in default	  	 	5,711	 	  	 	237	 	 	 	281	 	 	 	84	% 	 				 				 				 				 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 				 				 				 				 				
Total	  	 	22,483	 	  	$	408	 	 	$	1,034	 	 	 	39	% 	 				 				 				 				 				 				

 	  	December 31, 2016	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Delinquencies and Percentage
Reserved by Payment Status	  	Delinquencies	 	  	Direct Case
Reserves (3) 	 	 	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	% 	 				 				 				 				 				 				

(1)  	The number of delinquencies, new delinquencies and delinquency cures in the fourth quarter of 2017 reflect increases in the hurricanes Harvey and Irma impacted areas.	
(2)  	Reserves were not established on loans where the company was in a secondary loss position due to an existing deductible and the company believes they currently have no risk for claim.	
(3)  	Direct flow case reserves exclude loss adjustment expenses, incurred but not reported and reinsurance reserves.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
Primary Loans	  			 	  				 				 				 				 				 				 				
Primary loans in-force	  	 	742,094	 	  	 	730,174	 	 	 	714,254	 	 	 	703,214	 	 	 	699,841	 	 	 	686,789	 	 	 	668,951	 	 	 	655,300	 	
Primary delinquent loans (1)	  	 	23,188	 	  	 	20,508	 	 	 	20,677	 	 	 	23,019	 	 	 	25,709	 	 	 	25,803	 	 	 	25,798	 	 	 	27,602	 	
Primary delinquency rate (1)	  	 	3.12	% 	  	 	2.81	% 	 	 	2.89	% 	 	 	3.27	% 	 	 	3.67	% 	 	 	3.76	% 	 	 	3.86	% 	 	 	4.21	% 	
	 								
Flow loans in-force	  	 	725,748	 	  	 	712,848	 	 	 	695,383	 	 	 	683,532	 	 	 	678,168	 	 	 	665,821	 	 	 	647,100	 	 	 	632,010	 	
Flow delinquent loans (1)	  	 	22,483	 	  	 	19,765	 	 	 	19,733	 	 	 	22,036	 	 	 	24,631	 	 	 	24,720	 	 	 	24,753	 	 	 	26,491	 	
Flow delinquency rate (1)	  	 	3.10	% 	  	 	2.77	% 	 	 	2.84	% 	 	 	3.22	% 	 	 	3.63	% 	 	 	3.71	% 	 	 	3.83	% 	 	 	4.19	% 	
	 								
Bulk loans in-force	  	 	16,346	 	  	 	17,326	 	 	 	18,871	 	 	 	19,682	 	 	 	21,673	 	 	 	20,968	 	 	 	21,851	 	 	 	23,290	 	
Bulk delinquent loans	  	 	705	 	  	 	743	 	 	 	944	 	 	 	983	 	 	 	1,078	 	 	 	1,083	 	 	 	1,045	 	 	 	1,111	 	
Bulk delinquency rate	  	 	4.31	% 	  	 	4.29	% 	 	 	5.00	% 	 	 	4.99	% 	 	 	4.97	% 	 	 	5.17	% 	 	 	4.78	% 	 	 	4.77	% 	
	 								
A minus and sub-prime loans in-force	  	 	18,912	 	  	 	19,828	 	 	 	20,797	 	 	 	22,056	 	 	 	23,063	 	 	 	24,281	 	 	 	25,552	 	 	 	26,995	 	
A minus and sub-prime delinquent loans	  	 	4,054	 	  	 	4,080	 	 	 	4,148	 	 	 	4,572	 	 	 	5,252	 	 	 	5,306	 	 	 	5,220	 	 	 	5,546	 	
A minus and sub-prime delinquency rate	  	 	21.44	% 	  	 	20.58	% 	 	 	19.95	% 	 	 	20.73	% 	 	 	22.77	% 	 	 	21.85	% 	 	 	20.43	% 	 	 	20.54	% 	
	 								
Pool Loans	  			 	  				 				 				 				 				 				 				
Pool loans in-force	  	 	5,039	 	  	 	5,145	 	 	 	5,406	 	 	 	5,586	 	 	 	5,742	 	 	 	5,896	 	 	 	6,196	 	 	 	6,406	 	
Pool delinquent loans	  	 	249	 	  	 	252	 	 	 	276	 	 	 	276	 	 	 	325	 	 	 	343	 	 	 	356	 	 	 	369	 	
Pool delinquency rate	  	 	4.94	% 	  	 	4.90	% 	 	 	5.11	% 	 	 	4.94	% 	 	 	5.66	% 	 	 	5.82	% 	 	 	5.75	% 	 	 	5.76	% 	
	 								
Primary Risk In-Force by Credit Quality	  			 	  				 				 				 				 				 				 				
Over 735	  	 	57	% 	  	 	57	% 	 	 	56	% 	 	 	55	% 	 	 	55	% 	 	 	55	% 	 	 	54	% 	 	 	53	% 	
680-735	  	 	31	% 	  	 	31	% 	 	 	31	% 	 	 	31	% 	 	 	31	% 	 	 	31	% 	 	 	32	% 	 	 	32	% 	
660-679 (2)	  	 	6	% 	  	 	6	% 	 	 	6	% 	 	 	6	% 	 	 	6	% 	 	 	6	% 	 	 	6	% 	 	 	6	% 	
620-659	  	 	5	% 	  	 	5	% 	 	 	5	% 	 	 	6	% 	 	 	6	% 	 	 	6	% 	 	 	6	% 	 	 	7	% 	
<620	  	 	1	% 	  	 	1	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	

(1)  	Delinquent loans and delinquency rates in the fourth quarter of 2017 reflect increases in the hurricanes Harvey and Irma impacted areas.	
(2)  	Loans with unknown FICO scores are included in the 660-679 category.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	December 31, 2017	 	
Policy Year	  	Average
Rate (1) 	 	 	% of Total
Reserves (2) 	 	 	Primary
Insurance In-Force	 	  	% of Total	 	 	Primary
Risk In-Force	 	  	% of Total	 	 	Delinquency
Rate (3) 	 	
2004 and prior	  	 	6.01	% 	 	 	9.8	% 	 	$	2,228	 	  	 	1.5	% 	 	$	413	 	  	 	1.1	% 	 	 	13.05	% 	
2005	  	 	5.60	% 	 	 	9.1	 	 	 	2,072	 	  	 	1.4	 	 	 	491	 	  	 	1.3	 	 	 	12.38	% 	
2006	  	 	5.73	% 	 	 	14.9	 	 	 	3,808	 	  	 	2.5	 	 	 	891	 	  	 	2.4	 	 	 	12.04	% 	
2007	  	 	5.65	% 	 	 	31.9	 	 	 	9,897	 	  	 	6.5	 	 	 	2,307	 	  	 	6.3	 	 	 	11.35	% 	
2008	  	 	5.19	% 	 	 	15.2	 	 	 	8,248	 	  	 	5.4	 	 	 	1,910	 	  	 	5.2	 	 	 	6.63	% 	
2009	  	 	4.91	% 	 	 	0.7	 	 	 	762	 	  	 	0.5	 	 	 	163	 	  	 	0.5	 	 	 	2.78	% 	
2010	  	 	4.68	% 	 	 	0.5	 	 	 	1,003	 	  	 	0.7	 	 	 	231	 	  	 	0.6	 	 	 	2.06	% 	
2011	  	 	4.54	% 	 	 	0.7	 	 	 	1,564	 	  	 	1.0	 	 	 	367	 	  	 	1.0	 	 	 	2.10	% 	
2012	  	 	3.84	% 	 	 	0.9	 	 	 	4,190	 	  	 	2.8	 	 	 	1,020	 	  	 	2.8	 	 	 	1.13	% 	
2013	  	 	4.06	% 	 	 	1.9	 	 	 	7,680	 	  	 	5.1	 	 	 	1,899	 	  	 	5.2	 	 	 	1.34	% 	
2014	  	 	4.44	% 	 	 	3.9	 	 	 	11,777	 	  	 	7.7	 	 	 	2,869	 	  	 	7.8	 	 	 	1.90	% 	
2015	  	 	4.12	% 	 	 	4.9	 	 	 	22,535	 	  	 	14.8	 	 	 	5,507	 	  	 	15.0	 	 	 	1.40	% 	
2016	  	 	3.86	% 	 	 	4.3	 	 	 	38,297	 	  	 	25.2	 	 	 	9,287	 	  	 	25.3	 	 	 	0.92	% 	
2017	  	 	4.24	% 	 	 	1.3	 	 	 	37,746	 	  	 	24.9	 	 	 	9,355	 	  	 	25.5	 	 	 	0.46	% 	
	  				 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 				
Total	  	 	4.44	% 	 	 	100.0	% 	 	$	151,807	 	  	 	100.0	% 	 	$	36,710	 	  	 	100.0	% 	 	 	3.12	% 	

 	  	December 31, 2017	 	 	September 30, 2017	 	 	December 31, 2016	 	 	 	 	
 	  	Primary
Risk In-Force	 	 	Primary
Delinquency Rate (3) 	 	 	Primary
Risk In-Force	 	  	Primary
Delinquency Rate	 	 	Primary
Risk In-Force	 	  	Primary
Delinquency Rate	 	 	 	 	
Lender concentration (by original applicant)	  	$	36,710	 	 	 	3.12	% 	 	$	35,819	 	  	 	2.81	% 	 	$	33,169	 	  	 	3.67	% 	 				
Top 10 lenders	  	 	10,686	 	 	 	3.73	% 	 	 	10,563	 	  	 	3.45	% 	 	 	10,478	 	  	 	4.64	% 	 				
Top 20 lenders	  	 	14,288	 	 	 	3.64	% 	 	 	14,058	 	  	 	3.20	% 	 	 	13,737	 	  	 	4.52	% 	 				
								
Loan-to-value ratio	  				 				 				  				 				  				 				
95.01% and above	  	$	6,057	 	 	 	5.77	% 	 	$	5,880	 	  	 	5.44	% 	 	$	5,677	 	  	 	6.97	% 	 				
90.01% to 95.00%	  	 	19,043	 	 	 	2.35	% 	 	 	18,521	 	  	 	1.94	% 	 	 	16,738	 	  	 	2.51	% 	 				
80.01% to 90.00%	  	 	11,410	 	 	 	2.62	% 	 	 	11,184	 	  	 	2.41	% 	 	 	10,495	 	  	 	3.24	% 	 				
80.00% and below	  	 	200	 	 	 	3.08	% 	 	 	234	 	  	 	3.05	% 	 	 	259	 	  	 	3.27	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Total	  	$	36,710	 	 	 	3.12	% 	 	$	35,819	 	  	 	2.81	% 	 	$	33,169	 	  	 	3.67	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Loan grade	  				 				 				  				 				  				 				
Prime	  	$	36,049	 	 	 	2.65	% 	 	$	35,125	 	  	 	2.31	% 	 	$	32,357	 	  	 	3.02	% 	 				
A minus and sub-prime	  	 	661	 	 	 	21.44	% 	 	 	694	 	  	 	20.58	% 	 	 	812	 	  	 	22.77	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
 Total	  	$	36,710	 	 	 	3.12	% 	 	$	35,819	 	  	 	2.81	% 	 	$	33,169	 	  	 	3.67	% 	 				

(1)  	Average Annual Mortgage Interest Rate.	
(2)  	Total reserves were $455 million as of December 31, 2017.	
(3)  	Delinquency rates in the fourth quarter of 2017 reflect increases in the hurricanes Harvey and Irma impacted areas.	
 
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Canada Mortgage Insurance Segment
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Adjusted Operating Income and Sales—Canada Mortgage Insurance Segment
(amounts in millions)

 	 	2017	 	 	2016	 	
 	 	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	  				 				 				 				 				 				 				 				 				
Premiums	 	$	136	 	  	$	131	 	 	$	126	 	 	$	126	 	 	$	519	 	 	$	124	 	 	$	124	 	 	$	122	 	 	$	111	 	 	$	481	 	
Net investment income	 	 	36	 	  	 	33	 	 	 	31	 	 	 	32	 	 	 	132	 	 	 	32	 	 	 	33	 	 	 	32	 	 	 	29	 	 	 	126	 	
Net investment gains (losses)	 	 	15	 	  	 	55	 	 	 	47	 	 	 	11	 	 	 	128	 	 	 	25	 	 	 	—  	 	 	 	(8	) 	 	 	20	 	 	 	37	 	
Policy fees and other income	 	 	—  	 	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	(1	) 	 	 	1	 	 	 	—  	 	 	 	1	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	187	 	  	 	220	 	 	 	204	 	 	 	169	 	 	 	780	 	 	 	182	 	 	 	156	 	 	 	147	 	 	 	160	 	 	 	645	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	12	 	  	 	18	 	 	 	4	 	 	 	20	 	 	 	54	 	 	 	23	 	 	 	30	 	 	 	25	 	 	 	26	 	 	 	104	 	
Acquisition and operating expenses, net of deferrals	 	 	23	 	  	 	20	 	 	 	16	 	 	 	21	 	 	 	80	 	 	 	19	 	 	 	21	 	 	 	19	 	 	 	18	 	 	 	77	 	
Amortization of deferred acquisition costs and intangibles	 	 	11	 	  	 	11	 	 	 	11	 	 	 	10	 	 	 	43	 	 	 	10	 	 	 	10	 	 	 	10	 	 	 	9	 	 	 	39	 	
Interest expense	 	 	5	 	  	 	4	 	 	 	5	 	 	 	4	 	 	 	18	 	 	 	5	 	 	 	5	 	 	 	4	 	 	 	4	 	 	 	18	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	51	 	  	 	53	 	 	 	36	 	 	 	55	 	 	 	195	 	 	 	57	 	 	 	66	 	 	 	58	 	 	 	57	 	 	 	238	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	136	 	  	 	167	 	 	 	168	 	 	 	114	 	 	 	585	 	 	 	125	 	 	 	90	 	 	 	89	 	 	 	103	 	 	 	407	 	
Provision for income taxes	 	 	44	 	  	 	55	 	 	 	56	 	 	 	36	 	 	 	191	 	 	 	37	 	 	 	24	 	 	 	23	 	 	 	29	 	 	 	113	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	92	 	  	 	112	 	 	 	112	 	 	 	78	 	 	 	394	 	 	 	88	 	 	 	66	 	 	 	66	 	 	 	74	 	 	 	294	 	
Less: income from continuing operations attributable to noncontrolling interests	 	 	44	 	  	 	54	 	 	 	54	 	 	 	38	 	 	 	190	 	 	 	41	 	 	 	30	 	 	 	30	 	 	 	34	 	 	 	135	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	 	48	 	  	 	58	 	 	 	58	 	 	 	40	 	 	 	204	 	 	 	47	 	 	 	36	 	 	 	36	 	 	 	40	 	 	 	159	 	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	 			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	 	 	(9	) 	  	 	(32	) 	 	 	(27	) 	 	 	(6	) 	 	 	(74	) 	 	 	(14	) 	 	 	—  	 	 	 	4	 	 	 	(11	) 	 	 	(21	) 	
Expenses related to restructuring	 	 	—  	 	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Taxes on adjustments	 	 	4	 	  	 	10	 	 	 	10	 	 	 	2	 	 	 	26	 	 	 	6	 	 	 	—  	 	 	 	(2	) 	 	 	4	 	 	 	8	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (2)	 	$	43	 	  	$	37	 	 	$	41	 	 	$	36	 	 	$	157	 	 	$	39	 	 	$	36	 	 	$	38	 	 	$	33	 	 	$	146	 	

											
SALES:	 				  				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	 				  				 				 				 				 				 				 				 				 				
Flow	 	$	3,600	 	  	$	4,400	 	 	$	3,700	 	 	$	2,300	 	 	$	14,000	 	 	$	3,900	 	 	$	5,300	 	 	$	4,400	 	 	$	2,500	 	 	$	16,100	 	
Bulk	 	 	800	 	  	 	600	 	 	 	800	 	 	 	8,000	 	 	 	10,200	 	 	 	3,700	 	 	 	5,100	 	 	 	19,700	 	 	 	3,200	 	 	 	31,700	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
T otal Canada NIW (3)	 	$	4,400	 	  	$	5,000	 	 	$	4,500	 	 	$	10,300	 	 	$	24,200	 	 	$	7,600	 	 	$	10,400	 	 	$	24,100	 	 	$	5,700	 	 	$	47,800	 	

 
(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	 	$	(15	) 	  	$	(55	) 	 	$	(47	) 	 	$	(11	) 	 	$	(128	) 	 	$	(25	) 	 	$	—  	 	 	$	8	 	 	$	(20	) 	 	$	(37	) 	
Adjustment for net investment gains (losses) attributable to noncontrolling interests	 	 	6	 	  	 	23	 	 	 	20	 	 	 	5	 	 	 	54	 	 	 	11	 	 	 	—  	 	 	 	(4	) 	 	 	9	 	 	 	16	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	 	$	(9	) 	  	$	(32	) 	 	$	(27	) 	 	$	(6	) 	 	$	(74	) 	 	$	(14	) 	 	$	—  	 	 	$	4	 	 	$	(11	) 	 	$	(21	) 	

(2)  	Adjusted operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $40 million and $153 million for the three and twelve months ended December 31, 2017, respectively.	
(3)  	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $4,200 million and $23,600 million for the three and twelve months ended December 31, 2017, respectively.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(amounts in millions)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	131	 	  	$	156	 	 	$	126	 	 	$	96	 	 	$	509	 	 	$	129	 	 	$	172	 	 	$	191	 	 	$	84	 	 	$	576	 	
Loss Ratio (1) 	  	 	9	% 	  	 	14	% 	 	 	4	% 	 	 	16	% 	 	 	10	% 	 	 	18	% 	 	 	24	% 	 	 	20	% 	 	 	24	% 	 	 	22	% 	
Expense Ratio (Net Earned Premiums) (2) 	  	 	25	% 	  	 	23	% 	 	 	21	% 	 	 	25	% 	 	 	24	% 	 	 	24	% 	 	 	24	% 	 	 	24	% 	 	 	24	% 	 	 	24	% 	
Expense Ratio (Net Premiums Written) (3) 	  	 	26	% 	  	 	20	% 	 	 	21	% 	 	 	32	% 	 	 	24	% 	 	 	23	% 	 	 	18	% 	 	 	15	% 	 	 	32	% 	 	 	20	% 	
	 										
Primary Insurance In-Force (4) 	  	$	392,500	 	  	$	390,700	 	 	$	371,500	 	 	$	358,900	 	 				 	$	345,600	 	 	$	347,300	 	 	$	341,600	 	 	$	317,400	 	 				
Primary Risk In-Force (5) 	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	92,300	 	  	$	91,400	 	 	$	86,500	 	 	$	83,200	 	 				 	$	81,600	 	 	$	82,300	 	 	$	81,400	 	 	$	79,900	 	 				
Bulk	  	 	45,100	 	  	 	45,300	 	 	 	43,500	 	 	 	42,400	 	 				 	 	39,400	 	 	 	39,200	 	 	 	38,100	 	 	 	31,200	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	$	137,400	 	  	$	136,700	 	 	$	130,000	 	 	$	125,600	 	 				 	$	121,000	 	 	$	121,500	 	 	$	119,500	 	 	$	111,100	 	 				

							
	  	 	December 31, 2017	 	 				 				 	 	September 30, 2017	 	 				 				
Risk In-Force by Loan-To-Value Ratio (6)	  	 	Primary	 	  	 	Flow	 	 	 	Bulk	 	 				 				 	 	Primary	 	 	 	Flow	 	 	 	Bulk	 	 				 				
95.01% and above	  	$	45,545	 	  	$	45,545	 	 	$	—  	 	 				 				 	$	44,990	 	 	$	44,990	 	 	$	—  	 	 				 				
90.01% to 95.00%	  	 	27,424	 	  	 	27,424	 	 	 	—  	 	 				 				 	 	27,236	 	 	 	27,236	 	 	 	—  	 	 				 				
80.01% to 90.00%	  	 	16,054	 	  	 	16,051	 	 	 	3	 	 				 				 	 	16,027	 	 	 	16,024	 	 	 	3	 	 				 				
80.00% and below	  	 	48,353	 	  	 	3,215	 	 	 	45,138	 	 				 				 	 	48,493	 	 	 	3,220	 	 	 	45,273	 	 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	 				 				
Total	  	$	137,376	 	  	$	92,235	 	 	$	45,141	 	 				 				 	$	136,746	 	 	$	91,470	 	 	$	45,276	 	 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	 				 				
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 benefits and other changes in policy reserves 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 almost all of its customers. As a result, the company estimates that the outstanding balance of insured mortgages was approximately $174.0 billion, $178.0 billion, $174.0 billion, $170.0 billion, $166.0 billion, $170.0 billion, $170.0 billion and $152.0 billion as of December 31, 2017, September 30, 2017, June 30, 2017, March 31, 2017, December 31, 2016, September 30, 2016, June 30, 2016 and March 31, 2016, 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.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(dollar amounts in millions)

Primary Insurance	  	December 31, 2017	 	 	September 30, 2017	 	 	June 30, 2017	 	 	March 31, 2017	 	 	December 31, 2016	 	 	 	 	
Insured loans in-force (1),(2)	  	 	2,110,324	 	 	 	2,098,771	 	 	 	2,082,586	 	 	 	2,074,984	 	 	 	2,029,400	 	 				
Insured delinquent loans	  	 	1,718	 	 	 	1,759	 	 	 	1,809	 	 	 	2,082	 	 	 	2,070	 	 				
Insured delinquency rate (2),(3)	  	 	0.08	% 	 	 	0.08	% 	 	 	0.09	% 	 	 	0.10	% 	 	 	0.10	% 	 				
							
Flow loans in-force (1)	  	 	1,447,794	 	 	 	1,434,662	 	 	 	1,418,076	 	 	 	1,402,813	 	 	 	1,394,067	 	 				
Flow delinquent loans	  	 	1,369	 	 	 	1,434	 	 	 	1,476	 	 	 	1,697	 	 	 	1,693	 	 				
Flow delinquency rate (3)	  	 	0.09	% 	 	 	0.10	% 	 	 	0.10	% 	 	 	0.12	% 	 	 	0.12	% 	 				
							
Bulk loans in-force (1)	  	 	662,530	 	 	 	664,109	 	 	 	664,510	 	 	 	672,171	 	 	 	635,333	 	 				
Bulk delinquent loans	  	 	349	 	 	 	325	 	 	 	333	 	 	 	385	 	 	 	377	 	 				
Bulk delinquency rate (3)	  	 	0.05	% 	 	 	0.05	% 	 	 	0.05	% 	 	 	0.06	% 	 	 	0.06	% 	 				
							
Loss Metrics	  	December 31, 2017	 	 	September 30, 2017	 	 	June 30, 2017	 	 	March 31, 2017	 	 	December 31, 2016	 	 	 	 	
Beginning Reserves	  	$	97	 	 	$	94	 	 	$	109	 	 	$	112	 	 	$	112	 	 				
Paid claims (4)	  	 	(21	) 	 	 	(19	) 	 	 	(21	) 	 	 	(24	) 	 	 	(20	) 	 				
Increase in reserves	  	 	12	 	 	 	18	 	 	 	4	 	 	 	20	 	 	 	23	 	 				
Impact of changes in foreign exchange rates	  	 	(1	) 	 	 	4	 	 	 	2	 	 	 	1	 	 	 	(3	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	87	 	 	$	97	 	 	$	94	 	 	$	109	 	 	$	112	 	 				

 	  	December 31, 2017	 	 	September 30, 2017	 	 	December 31, 2016	 	
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	% 	 	 	0.03	% 	 	 	47	% 	 	 	0.03	% 	 	 	47	% 	 	 	0.04	% 	
Alberta	  	 	16	 	 	 	0.17	% 	 	 	16	 	 	 	0.18	% 	 	 	16	 	 	 	0.22	% 	
British Columbia	  	 	15	 	 	 	0.05	% 	 	 	15	 	 	 	0.05	% 	 	 	15	 	 	 	0.06	% 	
Quebec	  	 	13	 	 	 	0.11	% 	 	 	13	 	 	 	0.12	% 	 	 	13	 	 	 	0.15	% 	
Saskatchewan	  	 	3	 	 	 	0.28	% 	 	 	3	 	 	 	0.25	% 	 	 	3	 	 	 	0.28	% 	
Nova Scotia	  	 	2	 	 	 	0.16	% 	 	 	2	 	 	 	0.16	% 	 	 	2	 	 	 	0.18	% 	
Manitoba	  	 	2	 	 	 	0.08	% 	 	 	2	 	 	 	0.09	% 	 	 	2	 	 	 	0.07	% 	
New Brunswick	  	 	1	 	 	 	0.16	% 	 	 	1	 	 	 	0.15	% 	 	 	1	 	 	 	0.19	% 	
All Other	  	 	1	 	 	 	0.17	% 	 	 	1	 	 	 	0.16	% 	 	 	1	 	 	 	0.17	% 	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.08	% 	 	 	100	% 	 	 	0.08	% 	 	 	100	% 	 	 	0.10	% 	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2008 and prior	  	 	33	% 	 	 	0.04	% 	 	 	34	% 	 	 	0.04	% 	 	 	35	% 	 	 	0.06	% 	
2009	  	 	3	 	 	 	0.12	% 	 	 	3	 	 	 	0.11	% 	 	 	4	 	 	 	0.14	% 	
2010	  	 	5	 	 	 	0.11	% 	 	 	5	 	 	 	0.12	% 	 	 	6	 	 	 	0.19	% 	
2011	  	 	5	 	 	 	0.16	% 	 	 	5	 	 	 	0.18	% 	 	 	5	 	 	 	0.25	% 	
2012	  	 	6	 	 	 	0.18	% 	 	 	6	 	 	 	0.18	% 	 	 	7	 	 	 	0.23	% 	
2013	  	 	7	 	 	 	0.17	% 	 	 	7	 	 	 	0.18	% 	 	 	7	 	 	 	0.20	% 	
2014	  	 	8	 	 	 	0.17	% 	 	 	8	 	 	 	0.16	% 	 	 	9	 	 	 	0.18	% 	
2015	  	 	12	 	 	 	0.10	% 	 	 	12	 	 	 	0.10	% 	 	 	12	 	 	 	0.07	% 	
2016	  	 	14	 	 	 	0.05	% 	 	 	14	 	 	 	0.06	% 	 	 	15	 	 	 	0.02	% 	
2017	  	 	7	 	 	 	0.02	% 	 	 	6	 	 	 	0.01	% 	 	 	—  	 	 	 	—  	% 	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.08	% 	 	 	100	% 	 	 	0.08	% 	 	 	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 almost all of its customers. As a result, the company estimates that the outstanding loans in-force were 949,000 as of December 31, 2017, 967,000 as of September 30, 2017, 981,000 as of June 30, 2017, 978,000 as of March 31, 2017 and 969,000 as of December 31, 2016. This is based on the extrapolation of the amounts reported by lenders to the entire insured population. The corresponding insured delinquency rate was 0.18% as of December 31, 2017, September 30, 2017 and June 30, 2017 and 0.21% as of March 31, 2017 and December 31, 2016.	
(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.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(Canadian dollar amounts in millions)

 	  	2017	 	  	2016	 	
	  	 	4Q	 	  	 	3Q	 	 	 	2Q	 	 	 	1Q	 	 	 	Total	 	  	 	4Q	 	 	 	3Q	 	 	 	2Q	 	 	 	1Q	 	 	 	Total	 	
Paid Claims (1)	  			 	  				 				 				 				  				 				 				 				 				
Flow	  	$	25	 	  	$	25	 	 	$	30	 	 	$	28	 	 	$	108	 	  	$	25	 	 	$	26	 	 	$	25	 	 	$	24	 	 	$	100	 	
Bulk	  	 	2	 	  	 	1	 	 	 	2	 	 	 	3	 	 	 	8	 	  	 	1	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	5	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	27	 	  	$	26	 	 	$	32	 	 	$	31	 	 	$	116	 	  	$	26	 	 	$	27	 	 	$	27	 	 	$	25	 	 	$	105	 	

Average Paid Claim (in thousands)	  	$	68.8	 	  	$	66.6	 	 	$	73.6	 	 	$	65.3	 	 				  	$	66.3	 	 	$	62.0	 	 	$	62.5	 	 	$	67.8	 	 				
	 										
Average Reserve Per Delinquency (in thousands)	  	$	63.5	 	  	$	68.8	 	 	$	67.8	 	 	$	69.7	 	 				  	$	72.9	 	 	$	72.8	 	 	$	69.1	 	 	$	65.0	 	 				
	 										
Loss Metrics	  			 	  				 				 				 				  				 				 				 				 				
Beginning Reserves	  	$	121	 	  	$	123	 	 	$	145	 	 	$	151	 	 				  	$	148	 	 	$	136	 	 	$	132	 	 	$	120	 	 				
Paid claims (1)	  	 	(27	) 	  	 	(26	) 	 	 	(32	) 	 	 	(31	) 	 				  	 	(26	) 	 	 	(27	) 	 	 	(27	) 	 	 	(25	) 	 				
Increase in reserves	  	 	15	 	  	 	24	 	 	 	10	 	 	 	25	 	 				  	 	29	 	 	 	39	 	 	 	31	 	 	 	37	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	109	 	  	$	121	 	 	$	123	 	 	$	145	 	 				  	$	151	 	 	$	148	 	 	$	136	 	 	$	132	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount (2)	  			 	  				 				 				 				  				 				 				 				 				
	 										
Over $550K	  	 	8	% 	  	 	8	% 	 	 	8	% 	 	 	8	% 	 				  	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	7	% 	 				
$400K to $550K	  	 	15	 	  	 	14	 	 	 	14	 	 	 	14	 	 				  	 	14	 	 	 	14	 	 	 	14	 	 	 	13	 	 				
$250K to $400K	  	 	34	 	  	 	34	 	 	 	34	 	 	 	34	 	 				  	 	34	 	 	 	33	 	 	 	34	 	 	 	34	 	 				
$100K to $250K	  	 	39	 	  	 	40	 	 	 	40	 	 	 	40	 	 				  	 	40	 	 	 	41	 	 	 	40	 	 	 	42	 	 				
$100K or Less	  	 	4	 	  	 	4	 	 	 	4	 	 	 	4	 	 				  	 	4	 	 	 	4	 	 	 	4	 	 	 	4	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 	 	100	% 	 	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

 Average Primary Loan Size (in thousands)	  	$	233	 	  	$	232	 	 	$	231	 	 	$	230	 	 				  	$	229	 	 	$	227	 	 	$	225	 	 	$	222	 	 				
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.	
 
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Australia Mortgage Insurance Segment
 
28

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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Adjusted Operating Income (Loss) and Sales—Australia Mortgage Insurance Segment
(amounts in millions)

 	 	2017	 	 	2016	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums (1)	 	$	(377	) 	 	$	78	 	 	$	78	 	 	$	81	 	 	$	(140	) 	 	$	82	 	 	$	88	 	 	$	86	 	 	$	81	 	 	$	337	 	
Net investment income	 	 	18	 	 	 	19	 	 	 	17	 	 	 	21	 	 	 	75	 	 	 	22	 	 	 	23	 	 	 	25	 	 	 	24	 	 	 	94	 	
Net investment gains (losses)	 	 	2	 	 	 	1	 	 	 	2	 	 	 	20	 	 	 	25	 	 	 	3	 	 	 	4	 	 	 	2	 	 	 	—  	 	 	 	9	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	(357	) 	 	 	98	 	 	 	97	 	 	 	122	 	 	 	(40	) 	 	 	107	 	 	 	115	 	 	 	113	 	 	 	105	 	 	 	440	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	25	 	 	 	29	 	 	 	27	 	 	 	28	 	 	 	109	 	 	 	24	 	 	 	37	 	 	 	31	 	 	 	21	 	 	 	113	 	
Acquisition and operating expenses, net of deferrals	 	 	17	 	 	 	18	 	 	 	9	 	 	 	23	 	 	 	67	 	 	 	29	 	 	 	23	 	 	 	25	 	 	 	19	 	 	 	96	 	
Amortization of deferred acquisition costs and intangibles (1)	 	 	(7	) 	 	 	10	 	 	 	17	 	 	 	4	 	 	 	24	 	 	 	3	 	 	 	4	 	 	 	4	 	 	 	3	 	 	 	14	 	
Interest expense	 	 	2	 	 	 	3	 	 	 	2	 	 	 	2	 	 	 	9	 	 	 	2	 	 	 	2	 	 	 	3	 	 	 	3	 	 	 	10	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	37	 	 	 	60	 	 	 	55	 	 	 	57	 	 	 	209	 	 	 	58	 	 	 	66	 	 	 	63	 	 	 	46	 	 	 	233	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	(394	) 	 	 	38	 	 	 	42	 	 	 	65	 	 	 	(249	) 	 	 	49	 	 	 	49	 	 	 	50	 	 	 	59	 	 	 	207	 	
Provision (benefit) for income taxes	 	 	(138	) 	 	 	12	 	 	 	14	 	 	 	22	 	 	 	(90	) 	 	 	16	 	 	 	16	 	 	 	16	 	 	 	19	 	 	 	67	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	(256	) 	 	 	26	 	 	 	28	 	 	 	43	 	 	 	(159	) 	 	 	33	 	 	 	33	 	 	 	34	 	 	 	40	 	 	 	140	 	
Less: income (loss) from continuing operations attributable to noncontrolling interests	 	 	(132	) 	 	 	14	 	 	 	15	 	 	 	23	 	 	 	(80	) 	 	 	18	 	 	 	18	 	 	 	18	 	 	 	21	 	 	 	75	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	 	(124	) 	 	 	12	 	 	 	13	 	 	 	20	 	 	 	(79	) 	 	 	15	 	 	 	15	 	 	 	16	 	 	 	19	 	 	 	65	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net (2)	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	(11	) 	 	 	(13	) 	 	 	(2	) 	 	 	(2	) 	 	 	(1	) 	 	 	—  	 	 	 	(5	) 	
Taxes on adjustments	 	 	—  	 	 	 	1	 	 	 	(1	) 	 	 	4	 	 	 	4	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	2	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS) (1),(3)	 	$	(125	) 	 	$	12	 	 	$	12	 	 	$	13	 	 	$	(88	) 	 	$	14	 	 	$	14	 	 	$	15	 	 	$	19	 	 	$	62	 	

											
SALES:	 				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	 				 				 				 				 				 				 				 				 				 				
Flow	 	$	4,200	 	 	$	3,700	 	 	$	4,100	 	 	$	4,100	 	 	$	16,100	 	 	$	5,000	 	 	$	4,600	 	 	$	5,000	 	 	$	4,400	 	 	$	19,000	 	
Bulk	 	 	—  	 	 	 	600	 	 	 	600	 	 	 	1,000	 	 	 	2,200	 	 	 	—  	 	 	 	—  	 	 	 	800	 	 	 	—  	 	 	 	800	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Australia NIW (4)	 	$	4,200	 	 	$	4,300	 	 	$	4,700	 	 	$	5,100	 	 	$	18,300	 	 	$	5,000	 	 	$	4,600	 	 	$	5,800	 	 	$	4,400	 	 	$	19,800	 	

 
(1)    In the fourth quarter of 2017, the Australian platform adopted new premium recognition factors. These refinements decreased premiums by $468 million and decreased amortization of deferred acquisition costs and intangibles by $18 million in the fourth quarter of 2017. After noncontrolling interests and taxes, these adjustments unfavorably impacted adjusted operating income (loss) by $141 million in the fourth quarter of 2017.
(2)    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	 	$	(2	) 	 	$	(1	) 	 	$	(2	) 	 	$	(20	) 	 	$	(25	) 	 	$	(3	) 	 	$	(4	) 	 	$	(2	) 	 	$	—  	 	 	$	(9	) 	
Adjustment for net investment gains (losses) attributable to noncontrolling interests	 	 	1	 	 	 	—  	 	 	 	2	 	 	 	9	 	 	 	12	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	—  	 	 	 	4	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	 	$	(1	) 	 	$	(1	) 	 	$	—  	 	 	$	(11	) 	 	$	(13	) 	 	$	(2	) 	 	$	(2	) 	 	$	(1	) 	 	$	—  	 	 	$	(5	) 	

(3)  	Adjusted operating income (loss) for the Australian platform adjusted for foreign exchange as compared to the prior year period was $(123) million and $(87) million for the three and twelve months ended December 31, 2017, respectively.	
(4)  	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $4,100 million and $17,700 million for the three and twelve months ended December 31, 2017, respectively.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(amounts in millions)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	 	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
Net Premiums Written	  	$	63	 	  	$	56	 	  	$	58	 	  	$	54	 	  	$	231	 	 	$	62	 	  	$	57	 	  	$	65	 	  	$	47	 	  	$	231	 	
Loss Ratio (1) 	  	 	-7	% 	  	 	37	% 	  	 	34	% 	  	 	35	% 	  	 	-79	% 	 	 	30	% 	  	 	42	% 	  	 	36	% 	  	 	26	% 	  	 	34	% 	
Expense Ratio (Net Earned Premiums) (2) 	  	 	-3	% 	  	 	37	% 	  	 	34	% 	  	 	33	% 	  	 	-65	% 	 	 	39	% 	  	 	31	% 	  	 	33	% 	  	 	27	% 	  	 	33	% 	
Expense Ratio (Net Premiums Written) (3) 	  	 	15	% 	  	 	51	% 	  	 	46	% 	  	 	49	% 	  	 	39	% 	 	 	51	% 	  	 	48	% 	  	 	44	% 	  	 	47	% 	  	 	47	% 	
	 										
Primary Insurance In-Force (4) 	  	$	251,400	 	  	$	252,200	 	  	$	247,700	 	  	$	246,400	 	  				 	$	234,000	 	  	$	247,900	 	  	$	241,100	 	  	$	246,800	 	  				
Primary Risk In-Force (4) 	  			 	  				  				  				  				 				  				  				  				  				
Flow	  	$	81,200	 	  	$	81,300	 	  	$	80,000	 	  	$	79,700	 	  				 	$	76,000	 	  	$	80,400	 	  	$	78,300	 	  	$	80,300	 	  				
Bulk	  	 	6,300	 	  	 	6,400	 	  	 	6,200	 	  	 	6,000	 	  				 	 	5,400	 	  	 	5,900	 	  	 	5,700	 	  	 	5,700	 	  				
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  				 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  				
Total	  	$	87,500	 	  	$	87,700	 	  	$	86,200	 	  	$	85,700	 	  				 	$	81,400	 	  	$	86,300	 	  	$	84,000	 	  	$	86,000	 	  				

							
	  	 	December 31, 2017	 	  				  				 	 	September 30, 2017	 	  				  				
Risk In-Force by Loan-To-Value Ratio (5)	  	 	Primary	 	  	 	Flow	 	  	 	Bulk	 	  				  				 	 	Primary	 	  	 	Flow	 	  	 	Bulk	 	  				  				
95.01% and above	  	$	13,849	 	  	$	13,849	 	  	$	—  	 	  				  				 	$	14,131	 	  	$	14,130	 	  	$	1	 	  				  				
90.01% to 95.00%	  	 	23,849	 	  	 	23,843	 	  	 	6	 	  				  				 	 	23,762	 	  	 	23,756	 	  	 	6	 	  				  				
80.01% to 90.00%	  	 	24,524	 	  	 	24,454	 	  	 	70	 	  				  				 	 	24,210	 	  	 	24,138	 	  	 	72	 	  				  				
80.00% and below	  	 	25,258	 	  	 	18,994	 	  	 	6,264	 	  				  				 	 	25,635	 	  	 	19,286	 	  	 	6,349	 	  				  				
	  	 	 	 	  	 	 	 	  	 	 	 	  				  				 	 	 	 	  	 	 	 	  	 	 	 	  				  				
Total	  	$	87,480	 	  	$	81,140	 	  	$	6,340	 	  				  				 	$	87,738	 	  	$	81,310	 	  	$	6,428	 	  				  				
	  	 	 	 	  	 	 	 	  	 	 	 	  				  				 	 	 	 	  	 	 	 	  	 	 	 	  				  				
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 benefits and other changes in policy reserves to net earned premiums. During the fourth quarter of 2017, the company decreased net earned premiums $468 million from refinements to premium recognition factors. This adjustment favorably impacted the loss ratio by 35 percentage points and 112 percentage points for the three and twelve months ended December 31, 2017, respectively.	
(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. During the fourth quarter of 2017, the company decreased net earned premiums $468 million and DAC amortization $18 million from refinements to premium recognition factors. These adjustments had a net favorable impact to the expense ratio (net earned premiums) of 33 percentage points and 98 percentage points for the three and twelve months ended December 31, 2017, respectively.	
(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. During the fourth quarter of 2017, the company decreased DAC amortization $18 million from refinements to premium recognition factors. This adjustment had a favorable impact to the expense ratio (net premiums written) of 29 percentage points and eight percentage points for the three and twelve months ended December 31, 2017, respectively.	
(4)  	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. In addition, Australia currently provides excess-of-loss reinsurance coverage with one lender. The insurance in-force and risk in-force associated with this arrangement are excluded from these metrics as they are insignificant in relation to the rest of the portfolio.	
(5)  	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(dollar amounts in millions)

Primary Insurance	  	December 31, 2017	 	 	September 30, 2017	 	 	June 30, 2017	 	 	March 31, 2017	 	 	December 31, 2016	 	 	 	 	
Insured loans in-force	  	 	1,416,525	 	 	 	1,422,501	 	 	 	1,438,100	 	 	 	1,443,836	 	 	 	1,464,139	 	 				
Insured delinquent loans	  	 	6,696	 	 	 	7,146	 	 	 	7,285	 	 	 	6,926	 	 	 	6,731	 	 				
Insured delinquency rate	  	 	0.47	% 	 	 	0.50	% 	 	 	0.51	% 	 	 	0.48	% 	 	 	0.46	% 	 				
							
Flow loans in-force	  	 	1,303,928	 	 	 	1,308,998	 	 	 	1,325,477	 	 	 	1,332,468	 	 	 	1,354,616	 	 				
Flow delinquent loans	  	 	6,476	 	 	 	6,912	 	 	 	7,007	 	 	 	6,650	 	 	 	6,451	 	 				
Flow delinquency rate	  	 	0.50	% 	 	 	0.53	% 	 	 	0.53	% 	 	 	0.50	% 	 	 	0.48	% 	 				
							
Bulk loans in-force	  	 	112,597	 	 	 	113,503	 	 	 	112,623	 	 	 	111,368	 	 	 	109,523	 	 				
Bulk delinquent loans	  	 	220	 	 	 	234	 	 	 	278	 	 	 	276	 	 	 	280	 	 				
Bulk delinquency rate	  	 	0.20	% 	 	 	0.21	% 	 	 	0.25	% 	 	 	0.25	% 	 	 	0.26	% 	 				
							
Loss Metrics	  	December 31, 2017	 	 	September 30, 2017	 	 	June 30, 2017	 	 	March 31, 2017	 	 	December 31, 2016	 	 	 	 	
Beginning Reserves	  	$	232	 	 	$	231	 	 	$	227	 	 	$	211	 	 	$	215	 	 				
Paid claims (1)	  	 	(41	) 	 	 	(33	) 	 	 	(30	) 	 	 	(25	) 	 	 	(16	) 	 				
Increase in reserves	  	 	27	 	 	 	29	 	 	 	33	 	 	 	28	 	 	 	25	 	 				
Impact of changes in foreign exchange rates	  	 	—  	 	 	 	5	 	 	 	1	 	 	 	13	 	 	 	(13	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	218	 	 	$	232	 	 	$	231	 	 	$	227	 	 	$	211	 	 				

 	  	December 31, 2017	 	 	September 30, 2017	 	 	December 31, 2016	 	
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	% 	 	 	0.31	% 	 	 	28	% 	 	 	0.31	% 	 	 	28	% 	 	 	0.30	% 	
Queensland	  	 	23	 	 	 	0.67	% 	 	 	23	 	 	 	0.72	% 	 	 	23	 	 	 	0.66	% 	
Victoria	  	 	23	 	 	 	0.37	% 	 	 	23	 	 	 	0.39	% 	 	 	23	 	 	 	0.38	% 	
Western Australia	  	 	12	 	 	 	0.83	% 	 	 	12	 	 	 	0.88	% 	 	 	12	 	 	 	0.74	% 	
South Australia	  	 	6	 	 	 	0.60	% 	 	 	6	 	 	 	0.65	% 	 	 	6	 	 	 	0.61	% 	
Australian Capital Territory	  	 	3	 	 	 	0.14	% 	 	 	3	 	 	 	0.19	% 	 	 	3	 	 	 	0.17	% 	
Tasmania	  	 	2	 	 	 	0.32	% 	 	 	2	 	 	 	0.38	% 	 	 	2	 	 	 	0.35	% 	
New Zealand	  	 	2	 	 	 	0.04	% 	 	 	2	 	 	 	0.06	% 	 	 	2	 	 	 	0.07	% 	
Northern Territory	  	 	1	 	 	 	0.48	% 	 	 	1	 	 	 	0.50	% 	 	 	1	 	 	 	0.36	% 	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.47	% 	 	 	100	% 	 	 	0.50	% 	 	 	100	% 	 	 	0.46	% 	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2008 and prior	  	 	38	% 	 	 	0.37	% 	 	 	39	% 	 	 	0.40	% 	 	 	40	% 	 	 	0.38	% 	
2009	  	 	6	 	 	 	1.00	% 	 	 	6	 	 	 	1.01	% 	 	 	7	 	 	 	0.87	% 	
2010	  	 	5	 	 	 	0.53	% 	 	 	5	 	 	 	0.56	% 	 	 	5	 	 	 	0.56	% 	
2011	  	 	5	 	 	 	0.64	% 	 	 	5	 	 	 	0.70	% 	 	 	5	 	 	 	0.68	% 	
2012	  	 	7	 	 	 	0.84	% 	 	 	7	 	 	 	0.86	% 	 	 	8	 	 	 	0.80	% 	
2013	  	 	8	 	 	 	0.74	% 	 	 	8	 	 	 	0.77	% 	 	 	8	 	 	 	0.61	% 	
2014	  	 	9	 	 	 	0.64	% 	 	 	9	 	 	 	0.66	% 	 	 	10	 	 	 	0.51	% 	
2015	  	 	8	 	 	 	0.43	% 	 	 	9	 	 	 	0.44	% 	 	 	9	 	 	 	0.23	% 	
2016	  	 	7	 	 	 	0.22	% 	 	 	7	 	 	 	0.18	% 	 	 	8	 	 	 	0.03	% 	
2017	  	 	7	 	 	 	0.03	% 	 	 	5	 	 	 	0.01	% 	 	 	—  	 	 	 	—  	% 	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.47	% 	 	 	100	% 	 	 	0.50	% 	 	 	100	% 	 	 	0.46	% 	

(1)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(Australian dollar amounts in millions)

 	  	2017	 	  	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims (1)	  			 	  				 				 				 				  				 				 				 				 				
Flow	  	$	51	 	  	$	42	 	 	$	40	 	 	$	33	 	 	$	166	 	  	$	21	 	 	$	24	 	 	$	23	 	 	$	18	 	 	$	86	 	
Bulk	  	 	1	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	52	 	  	$	42	 	 	$	40	 	 	$	33	 	 	$	167	 	  	$	21	 	 	$	24	 	 	$	23	 	 	$	18	 	 	$	86	 	

Average Paid Claim (in thousands)	  	$	134.4	 	  	$	110.6	 	 	$	112.7	 	 	$	92.5	 	 				  	$	67.1	 	 	$	73.3	 	 	$	79.2	 	 	$	65.8	 	 				
	 										
Average Reserve Per Delinquency (in thousands)	  	$	41.8	 	  	$	41.5	 	 	$	41.3	 	 	$	42.8	 	 				  	$	43.5	 	 	$	41.0	 	 	$	39.9	 	 	$	40.1	 	 				
	 										
Loss Metrics	  			 	  				 				 				 				  				 				 				 				 				
Beginning Reserves	  	$	297	 	  	$	301	 	 	$	297	 	 	$	293	 	 				  	$	281	 	 	$	256	 	 	$	236	 	 	$	226	 	 				
Paid claims (1)	  	 	(52	) 	  	 	(42	) 	 	 	(40	) 	 	 	(33	) 	 				  	 	(21	) 	 	 	(24	) 	 	 	(23	) 	 	 	(18	) 	 				
Increase in reserves	  	 	35	 	  	 	38	 	 	 	44	 	 	 	37	 	 				  	 	33	 	 	 	49	 	 	 	43	 	 	 	28	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	280	 	  	$	297	 	 	$	301	 	 	$	297	 	 				  	$	293	 	 	$	281	 	 	$	256	 	 	$	236	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount (2)	  			 	  				 				 				 				  				 				 				 				 				
	 										
Over $550K	  	 	17	% 	  	 	17	% 	 	 	16	% 	 	 	16	% 	 				  	 	16	% 	 	 	15	% 	 	 	15	% 	 	 	15	% 	 				
$400K to $550K	  	 	20	 	  	 	20	 	 	 	20	 	 	 	20	 	 				  	 	20	 	 	 	20	 	 	 	20	 	 	 	20	 	 				
$250K to $400K	  	 	35	 	  	 	35	 	 	 	35	 	 	 	35	 	 				  	 	35	 	 	 	36	 	 	 	36	 	 	 	36	 	 				
$100K to $250K	  	 	23	 	  	 	23	 	 	 	24	 	 	 	24	 	 				  	 	24	 	 	 	24	 	 	 	24	 	 	 	24	 	 				
$100K or Less	  	 	5	 	  	 	5	 	 	 	5	 	 	 	5	 	 				  	 	5	 	 	 	5	 	 	 	5	 	 	 	5	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 	 	100	% 	 	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

 Average Primary Loan Size (in thousands)	  	$	227	 	  	$	226	 	 	$	224	 	 	$	223	 	 				  	$	221	 	 	$	220	 	 	$	219	 	 	$	218	 	 				
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.	
 
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U.S. Life Insurance Segment
 
33

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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
 Adjusted Operating Income (Loss)—U.S. Life Insurance Segment
(amounts in millions)

 	  	2017	 	  	2016	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				  				  				  				  				  				  				  				
Premiums	  	$	680	 	  	$	748	 	  	$	736	 	  	$	758	 	  	$	2,922	 	  	$	753	 	  	$	725	 	  	$	756	 	  	$	436	 	  	$	2,670	 	
Net investment income	  	 	697	 	  	 	683	 	  	 	694	 	  	 	681	 	  	 	2,755	 	  	 	677	 	  	 	695	 	  	 	670	 	  	 	684	 	  	 	2,726	 	
Net investment gains (losses)	  	 	43	 	  	 	27	 	  	 	57	 	  	 	7	 	  	 	134	 	  	 	9	 	  	 	21	 	  	 	114	 	  	 	(16	) 	  	 	128	 	
Policy fees and other income	  	 	166	 	  	 	154	 	  	 	170	 	  	 	170	 	  	 	660	 	  	 	194	 	  	 	175	 	  	 	180	 	  	 	177	 	  	 	726	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	1,586	 	  	 	1,612	 	  	 	1,657	 	  	 	1,616	 	  	 	6,471	 	  	 	1,633	 	  	 	1,616	 	  	 	1,720	 	  	 	1,281	 	  	 	6,250	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				  				  				  				  				  				  				
Benefits and other changes in policy reserves	  	 	1,298	 	  	 	1,255	 	  	 	1,163	 	  	 	1,164	 	  	 	4,880	 	  	 	1,419	 	  	 	1,556	 	  	 	1,089	 	  	 	758	 	  	 	4,822	 	
Interest credited	  	 	117	 	  	 	128	 	  	 	129	 	  	 	132	 	  	 	506	 	  	 	138	 	  	 	140	 	  	 	143	 	  	 	144	 	  	 	565	 	
Acquisition and operating expenses, net of deferrals	  	 	122	 	  	 	149	 	  	 	144	 	  	 	157	 	  	 	572	 	  	 	135	 	  	 	149	 	  	 	199	 	  	 	165	 	  	 	648	 	
Amortization of deferred acquisition costs and intangibles	  	 	107	 	  	 	50	 	  	 	101	 	  	 	70	 	  	 	328	 	  	 	172	 	  	 	69	 	  	 	84	 	  	 	78	 	  	 	403	 	
Interest expense	  	 	4	 	  	 	3	 	  	 	3	 	  	 	3	 	  	 	13	 	  	 	3	 	  	 	2	 	  	 	5	 	  	 	28	 	  	 	38	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	1,648	 	  	 	1,585	 	  	 	1,540	 	  	 	1,526	 	  	 	6,299	 	  	 	1,867	 	  	 	1,916	 	  	 	1,520	 	  	 	1,173	 	  	 	6,476	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(62	) 	  	 	27	 	  	 	117	 	  	 	90	 	  	 	172	 	  	 	(234	) 	  	 	(300	) 	  	 	200	 	  	 	108	 	  	 	(226	) 	
Provision (benefit) for income taxes	  	 	(23	) 	  	 	10	 	  	 	41	 	  	 	32	 	  	 	60	 	  	 	(83	) 	  	 	(106	) 	  	 	70	 	  	 	39	 	  	 	(80	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(39	) 	  	 	17	 	  	 	76	 	  	 	58	 	  	 	112	 	  	 	(151	) 	  	 	(194	) 	  	 	130	 	  	 	69	 	  	 	(146	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				  				  				  				  				  				  				  				  				
Net investment (gains) losses, net (1)	  	 	(45	) 	  	 	(28	) 	  	 	(57	) 	  	 	(8	) 	  	 	(138	) 	  	 	(4	) 	  	 	(21	) 	  	 	(119	) 	  	 	11	 	  	 	(133	) 	
Gains on sale of businesses	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	(1	) 	  	 	—  	 	  	 	(1	) 	
Losses from life block transactions	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	9	 	  	 	9	 	
Expenses related to restructuring	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	1	 	  	 	3	 	  	 	15	 	  	 	19	 	
Taxes on adjustments	  	 	15	 	  	 	10	 	  	 	20	 	  	 	3	 	  	 	48	 	  	 	1	 	  	 	7	 	  	 	42	 	  	 	(13	) 	  	 	37	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	(69	) 	  	$	(1	) 	  	$	39	 	  	$	53	 	  	$	22	 	  	$	(154	) 	  	$	(207	) 	  	$	55	 	  	$	91	 	  	$	(215	) 	

	
(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	  	$	(43	) 	  	$	(27	) 	  	$	(57	) 	  	$	(7	) 	  	$	(134	) 	  	$	(9	) 	  	$	(21	) 	  	$	(114	) 	  	$	16	 	  	$	(128	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	(2	) 	  	 	(1	) 	  	 	—  	 	  	 	(1	) 	  	 	(4	) 	  	 	5	 	  	 	—  	 	  	 	(5	) 	  	 	(5	) 	  	 	(5	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Net investment (gains) losses, net	  	$	(45	) 	  	$	(28	) 	  	$	(57	) 	  	$	(8	) 	  	$	(138	) 	  	$	(4	) 	  	$	(21	) 	  	$	(119	) 	  	$	11	 	  	$	(133	) 	

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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Long-Term Care Insurance
(amounts in millions)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	595	 	  	$	641	 	 	$	623	 	 	$	634	 	 	$	2,493	 	 	$	650	 	 	$	610	 	 	$	636	 	 	$	618	 	 	$	2,514	 	
Net investment income	  	 	386	 	  	 	369	 	 	 	369	 	 	 	356	 	 	 	1,480	 	 	 	356	 	 	 	353	 	 	 	344	 	 	 	329	 	 	 	1,382	 	
Net investment gains (losses)	  	 	17	 	  	 	23	 	 	 	44	 	 	 	3	 	 	 	87	 	 	 	(21	) 	 	 	17	 	 	 	139	 	 	 	4	 	 	 	139	 	
Policy fees and other income	  	 	1	 	  	 	—  	 	 	 	—  	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	2	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	999	 	  	 	1,033	 	 	 	1,036	 	 	 	994	 	 	 	4,062	 	 	 	986	 	 	 	980	 	 	 	1,119	 	 	 	952	 	 	 	4,037	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	853	 	  	 	896	 	 	 	821	 	 	 	835	 	 	 	3,405	 	 	 	889	 	 	 	1,262	 	 	 	806	 	 	 	776	 	 	 	3,733	 	
Interest credited	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Acquisition and operating expenses, net of deferrals	  	 	80	 	  	 	98	 	 	 	97	 	 	 	112	 	 	 	387	 	 	 	94	 	 	 	95	 	 	 	93	 	 	 	95	 	 	 	377	 	
Amortization of deferred acquisition costs and intangibles	  	 	22	 	  	 	23	 	 	 	23	 	 	 	23	 	 	 	91	 	 	 	26	 	 	 	25	 	 	 	26	 	 	 	26	 	 	 	103	 	
Interest expense	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	955	 	  	 	1,017	 	 	 	941	 	 	 	970	 	 	 	3,883	 	 	 	1,009	 	 	 	1,382	 	 	 	925	 	 	 	897	 	 	 	4,213	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	44	 	  	 	16	 	 	 	95	 	 	 	24	 	 	 	179	 	 	 	(23	) 	 	 	(402	) 	 	 	194	 	 	 	55	 	 	 	(176	) 	
Provision (benefit) for income taxes	  	 	15	 	  	 	6	 	 	 	34	 	 	 	8	 	 	 	63	 	 	 	(8	) 	 	 	(142	) 	 	 	68	 	 	 	20	 	 	 	(62	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	29	 	  	 	10	 	 	 	61	 	 	 	16	 	 	 	116	 	 	 	(15	) 	 	 	(260	) 	 	 	126	 	 	 	35	 	 	 	(114	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses	  	 	(17	) 	  	 	(23	) 	 	 	(44	) 	 	 	(3	) 	 	 	(87	) 	 	 	21	 	 	 	(17	) 	 	 	(139	) 	 	 	(4	) 	 	 	(139	) 	
Expenses related to restructuring	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	6	 	
Taxes on adjustments	  	 	5	 	  	 	8	 	 	 	16	 	 	 	1	 	 	 	30	 	 	 	(7	) 	 	 	6	 	 	 	48	 	 	 	—  	 	 	 	47	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	17	 	  	$	(5	) 	 	$	33	 	 	$	14	 	 	$	59	 	 	$	(1	) 	 	$	(270	) 	 	$	37	 	 	$	34	 	 	$	(200	) 	

SALES:	  				  				 				 				 				 				 				 				 				 				
Individual Long-Term Care Insurance	  	$	1	 	  	$	2	 	 	$	2	 	 	$	2	 	 	$	7	 	 	$	1	 	 	$	2	 	 	$	4	 	 	$	5	 	 	$	12	 	
Group Long-Term Care Insurance	  	 	4	 	  	 	1	 	 	 	1	 	 	 	1	 	 	 	7	 	 	 	1	 	 	 	3	 	 	 	2	 	 	 	2	 	 	 	8	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	5	 	  	$	3	 	 	$	3	 	 	$	3	 	 	$	14	 	 	$	2	 	 	$	5	 	 	$	6	 	 	$	7	 	 	$	20	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
RATIOS:	  	 	 	 	  				 				 				 				 				 				 				 				 				
Loss Ratio (1)	  	 	82.0	% 	  	 	78.8	% 	 	 	71.0	% 	 	 	72.0	% 	 	 	75.9	% 	 	 	78.6	% 	 	 	145.5	% 	 	 	70.1	% 	 	 	67.6	% 	 	 	90.0	% 	
Gross Benefits Ratio (2)	  	 	143.3	% 	  	 	139.8	% 	 	 	131.8	% 	 	 	131.6	% 	 	 	136.6	% 	 	 	136.9	% 	 	 	207.0	% 	 	 	126.7	% 	 	 	125.5	% 	 	 	148.5	% 	

(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.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Life Insurance
(amounts in millions)

 	  	2017	 	  	2016	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				  				  				  				  				  				  				  				
Premiums (1)	  	$	85	 	  	$	107	 	  	$	113	 	  	$	124	 	  	$	429	 	  	$	103	 	  	$	115	 	  	$	120	 	  	$	(185	) 	  	$	153	 	
Net investment income	  	 	117	 	  	 	124	 	  	 	126	 	  	 	125	 	  	 	492	 	  	 	116	 	  	 	128	 	  	 	117	 	  	 	133	 	  	 	494	 	
Net investment gains (losses)	  	 	11	 	  	 	7	 	  	 	5	 	  	 	3	 	  	 	26	 	  	 	19	 	  	 	4	 	  	 	(1	) 	  	 	2	 	  	 	24	 	
Policy fees and other income	  	 	161	 	  	 	151	 	  	 	167	 	  	 	165	 	  	 	644	 	  	 	190	 	  	 	171	 	  	 	176	 	  	 	173	 	  	 	710	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	374	 	  	 	389	 	  	 	411	 	  	 	417	 	  	 	1,591	 	  	 	428	 	  	 	418	 	  	 	412	 	  	 	123	 	  	 	1,381	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				  				  				  				  				  				  				
Benefits and other changes in policy reserves (1)	  	 	324	 	  	 	280	 	  	 	248	 	  	 	261	 	  	 	1,113	 	  	 	470	 	  	 	216	 	  	 	231	 	  	 	(87	) 	  	 	830	 	
Interest credited	  	 	55	 	  	 	63	 	  	 	62	 	  	 	63	 	  	 	243	 	  	 	66	 	  	 	64	 	  	 	65	 	  	 	64	 	  	 	259	 	
Acquisition and operating expenses, net of deferrals	  	 	34	 	  	 	36	 	  	 	33	 	  	 	33	 	  	 	136	 	  	 	36	 	  	 	31	 	  	 	39	 	  	 	51	 	  	 	157	 	
Amortization of deferred acquisition costs and intangibles	  	 	78	 	  	 	13	 	  	 	62	 	  	 	29	 	  	 	182	 	  	 	133	 	  	 	27	 	  	 	27	 	  	 	33	 	  	 	220	 	
Interest expense	  	 	4	 	  	 	3	 	  	 	3	 	  	 	3	 	  	 	13	 	  	 	3	 	  	 	2	 	  	 	5	 	  	 	28	 	  	 	38	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	495	 	  	 	395	 	  	 	408	 	  	 	389	 	  	 	1,687	 	  	 	708	 	  	 	340	 	  	 	367	 	  	 	89	 	  	 	1,504	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(121	) 	  	 	(6	) 	  	 	3	 	  	 	28	 	  	 	(96	) 	  	 	(280	) 	  	 	78	 	  	 	45	 	  	 	34	 	  	 	(123	) 	
Provision (benefit) for income taxes	  	 	(43	) 	  	 	(2	) 	  	 	1	 	  	 	10	 	  	 	(34	) 	  	 	(100	) 	  	 	28	 	  	 	16	 	  	 	12	 	  	 	(44	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(78	) 	  	 	(4	) 	  	 	2	 	  	 	18	 	  	 	(62	) 	  	 	(180	) 	  	 	50	 	  	 	29	 	  	 	22	 	  	 	(79	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				  				  				  				  				  				  				  				  				
Net investment (gains) losses	  	 	(11	) 	  	 	(7	) 	  	 	(5	) 	  	 	(3	) 	  	 	(26	) 	  	 	(19	) 	  	 	(4	) 	  	 	1	 	  	 	(2	) 	  	 	(24	) 	
Gains on sale of businesses	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	(1	) 	  	 	—  	 	  	 	(1	) 	
Losses from life block transactions	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	9	 	  	 	9	 	
Expenses related to restructuring	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	2	 	  	 	8	 	  	 	10	 	
Taxes on adjustments	  	 	4	 	  	 	2	 	  	 	2	 	  	 	1	 	  	 	9	 	  	 	6	 	  	 	2	 	  	 	—  	 	  	 	(6	) 	  	 	2	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	(85	) 	  	$	(9	) 	  	$	(1	) 	  	$	16	 	  	$	(79	) 	  	$	(193	) 	  	$	48	 	  	$	31	 	  	$	31	 	  	$	(83	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
SALES:	  	 	 	 	  				  				  				  				  				  				  				  				  				
Term Life	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	2	 	  	$	5	 	  	$	7	 	
Universal Life	  	 	2	 	  	 	1	 	  	 	—  	 	  	 	1	 	  	 	4	 	  	 	—  	 	  	 	1	 	  	 	1	 	  	 	2	 	  	 	4	 	
Linked-Benefits	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	1	 	  	 	2	 	  	 	3	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Sales	  	$	2	 	  	$	1	 	  	$	—  	 	  	$	1	 	  	$	4	 	  	$	—  	 	  	$	1	 	  	$	4	 	  	$	9	 	  	$	14	 	

 

(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.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Fixed Annuities
(amounts in millions)

 	  	2017	 	  	2016	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				  				  				  				  				  				  				  				
Premiums	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	—  	 	  	$	3	 	  	$	3	 	
Net investment income	  	 	194	 	  	 	190	 	  	 	199	 	  	 	200	 	  	 	783	 	  	 	205	 	  	 	214	 	  	 	209	 	  	 	222	 	  	 	850	 	
Net investment gains (losses)	  	 	15	 	  	 	(3	) 	  	 	8	 	  	 	1	 	  	 	21	 	  	 	11	 	  	 	—  	 	  	 	(24	) 	  	 	(22	) 	  	 	(35	) 	
Policy fees and other income	  	 	4	 	  	 	3	 	  	 	3	 	  	 	4	 	  	 	14	 	  	 	3	 	  	 	4	 	  	 	4	 	  	 	3	 	  	 	14	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	213	 	  	 	190	 	  	 	210	 	  	 	205	 	  	 	818	 	  	 	219	 	  	 	218	 	  	 	189	 	  	 	206	 	  	 	832	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				  				  				  				  				  				  				
Benefits and other changes in policy reserves (1)	  	 	121	 	  	 	79	 	  	 	94	 	  	 	68	 	  	 	362	 	  	 	60	 	  	 	78	 	  	 	52	 	  	 	69	 	  	 	259	 	
Interest credited	  	 	62	 	  	 	65	 	  	 	67	 	  	 	69	 	  	 	263	 	  	 	72	 	  	 	76	 	  	 	78	 	  	 	80	 	  	 	306	 	
Acquisition and operating expenses, net of deferrals (2)	  	 	8	 	  	 	15	 	  	 	14	 	  	 	12	 	  	 	49	 	  	 	5	 	  	 	23	 	  	 	67	 	  	 	19	 	  	 	114	 	
Amortization of deferred acquisition costs and intangibles	  	 	7	 	  	 	14	 	  	 	16	 	  	 	18	 	  	 	55	 	  	 	13	 	  	 	17	 	  	 	31	 	  	 	19	 	  	 	80	 	
Interest expense	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	198	 	  	 	173	 	  	 	191	 	  	 	167	 	  	 	729	 	  	 	150	 	  	 	194	 	  	 	228	 	  	 	187	 	  	 	759	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	15	 	  	 	17	 	  	 	19	 	  	 	38	 	  	 	89	 	  	 	69	 	  	 	24	 	  	 	(39	) 	  	 	19	 	  	 	73	 	
Provision (benefit) for income taxes	  	 	5	 	  	 	6	 	  	 	6	 	  	 	14	 	  	 	31	 	  	 	25	 	  	 	8	 	  	 	(14	) 	  	 	7	 	  	 	26	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	10	 	  	 	11	 	  	 	13	 	  	 	24	 	  	 	58	 	  	 	44	 	  	 	16	 	  	 	(25	) 	  	 	12	 	  	 	47	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				  				  				  				  				  				  				  				  				
Net investment (gains) losses, net (3)	  	 	(17	) 	  	 	2	 	  	 	(8	) 	  	 	(2	) 	  	 	(25	) 	  	 	(6	) 	  	 	—  	 	  	 	19	 	  	 	17	 	  	 	30	 	
Expenses related to restructuring	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	(1	) 	  	 	4	 	  	 	3	 	
Taxes on adjustments	  	 	6	 	  	 	—  	 	  	 	2	 	  	 	1	 	  	 	9	 	  	 	2	 	  	 	(1	) 	  	 	(6	) 	  	 	(7	) 	  	 	(12	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	(1	) 	  	$	13	 	  	$	7	 	  	$	23	 	  	$	42	 	  	$	40	 	  	$	15	 	  	$	(13	) 	  	$	26	 	  	$	68	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
SALES:	  	 	 	 	  				  				  				  				  				  				  				  				  				
Single Premium Deferred Annuities	  	$	1	 	  	$	2	 	  	$	1	 	  	$	1	 	  	$	5	 	  	$	—  	 	  	$	1	 	  	$	8	 	  	$	159	 	  	$	168	 	
Single Premium Immediate Annuities	  	 	—  	 	  	 	1	 	  	 	—  	 	  	 	1	 	  	 	2	 	  	 	—  	 	  	 	—  	 	  	 	1	 	  	 	9	 	  	 	10	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Sales	  	$	1	 	  	$	3	 	  	$	1	 	  	$	2	 	  	$	7	 	  	$	—  	 	  	$	1	 	  	$	9	 	  	$	168	 	  	$	178	 	

 
(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 payment 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	  	$	(15	) 	  	$	3	 	  	$	(8	) 	  	$	(1	) 	  	$	(21	) 	  	$	(11	) 	  	$	—  	 	  	$	24	 	  	$	22	 	  	$	35	 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	(2	) 	  	 	(1	) 	  	 	—  	 	  	 	(1	) 	  	 	(4	) 	  	 	5	 	  	 	—  	 	  	 	(5	) 	  	 	(5	) 	  	 	(5	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
 Net investment (gains) losses, net	  	$	(17	) 	  	$	2	 	  	$	(8	) 	  	$	(2	) 	  	$	(25	) 	  	$	(6	) 	  	$	—  	 	  	$	19	 	  	$	17	 	  	$	30	 	

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Runoff Segment
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Adjusted Operating Income—Runoff Segment
(amounts in millions)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	 	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				  				  				 				  				  				  				  				
Net investment income	  	$	41	 	  	$	40	 	  	$	41	 	  	$	38	 	  	$	160	 	 	$	39	 	  	$	37	 	  	$	36	 	  	$	35	 	  	$	147	 	
Net investment gains (losses)	  	 	(8	) 	  	 	9	 	  	 	7	 	  	 	8	 	  	 	16	 	 	 	3	 	  	 	4	 	  	 	(13	) 	  	 	(8	) 	  	 	(14	) 	
Policy fees and other income	  	 	40	 	  	 	41	 	  	 	41	 	  	 	41	 	  	 	163	 	 	 	42	 	  	 	43	 	  	 	42	 	  	 	42	 	  	 	169	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	73	 	  	 	90	 	  	 	89	 	  	 	87	 	  	 	339	 	 	 	84	 	  	 	84	 	  	 	65	 	  	 	69	 	  	 	302	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				  				 				  				  				  				  				
Benefits and other changes in policy reserves	  	 	8	 	  	 	5	 	  	 	9	 	  	 	4	 	  	 	26	 	 	 	16	 	  	 	2	 	  	 	9	 	  	 	15	 	  	 	42	 	
Interest credited	  	 	35	 	  	 	36	 	  	 	34	 	  	 	35	 	  	 	140	 	 	 	35	 	  	 	33	 	  	 	30	 	  	 	33	 	  	 	131	 	
Acquisition and operating expenses, net of deferrals	  	 	14	 	  	 	16	 	  	 	16	 	  	 	15	 	  	 	61	 	 	 	14	 	  	 	20	 	  	 	18	 	  	 	16	 	  	 	68	 	
Amortization of deferred acquisition costs and intangibles	  	 	4	 	  	 	7	 	  	 	7	 	  	 	6	 	  	 	24	 	 	 	4	 	  	 	7	 	  	 	12	 	  	 	6	 	  	 	29	 	
Interest expense	  	 	1	 	  	 	—  	 	  	 	1	 	  	 	—  	 	  	 	2	 	 	 	—  	 	  	 	1	 	  	 	—  	 	  	 	—  	 	  	 	1	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	62	 	  	 	64	 	  	 	67	 	  	 	60	 	  	 	253	 	 	 	69	 	  	 	63	 	  	 	69	 	  	 	70	 	  	 	271	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	11	 	  	 	26	 	  	 	22	 	  	 	27	 	  	 	86	 	 	 	15	 	  	 	21	 	  	 	(4	) 	  	 	(1	) 	  	 	31	 	
Provision (benefit) for income taxes	  	 	2	 	  	 	8	 	  	 	7	 	  	 	8	 	  	 	25	 	 	 	4	 	  	 	6	 	  	 	(2	) 	  	 	(2	) 	  	 	6	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	9	 	  	 	18	 	  	 	15	 	  	 	19	 	  	 	61	 	 	 	11	 	  	 	15	 	  	 	(2	) 	  	 	1	 	  	 	25	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				  				  				  				 				  				  				  				  				
Net investment (gains) losses, net (1)	  	 	7	 	  	 	(8	) 	  	 	(7	) 	  	 	(7	) 	  	 	(15	) 	 	 	(7	) 	  	 	(4	) 	  	 	12	 	  	 	4	 	  	 	5	 	
Taxes on adjustments	  	 	(3	) 	  	 	3	 	  	 	3	 	  	 	2	 	  	 	5	 	 	 	2	 	  	 	1	 	  	 	(4	) 	  	 	(1	) 	  	 	(2	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
ADJUSTED OPERATING INCOME	  	$	13	 	  	$	13	 	  	$	11	 	  	$	14	 	  	$	51	 	 	$	6	 	  	$	12	 	  	$	6	 	  	$	4	 	  	$	28	 	

 		
(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	  	$	8	 	  	$	(9	) 	  	$	(7	) 	  	$	(8	) 	  	$	(16	) 	 	$	(3)	 	  	$	(4	) 	  	$	13	 	  	$	8	 	  	$	14	 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	(1	) 	  	 	1	 	  	 	—  	 	  	 	1	 	  	 	1	 	 	 	(4	) 	  	 	—  	 	  	 	(1	) 	  	 	(4	) 	  	 	(9	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Net investment (gains) losses, net	  	$	7	 	  	$	(8	) 	  	$	(7	) 	  	$	(7	) 	  	$	(15	) 	 	$	(7	) 	  	$	(4	) 	  	$	12	 	  	$	4	 	  	$	5	 	

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Corporate and Other
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Adjusted Operating Income (Loss)—Corporate and Other (1)
(amounts in millions)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	2	 	  	$	3	 	 	$	1	 	 	$	2	 	 	$	8	 	 	$	1	 	 	$	2	 	 	$	3	 	 	$	6	 	 	$	12	 	
Net investment income	  	 	—  	 	  	 	4	 	 	 	—  	 	 	 	1	 	 	 	5	 	 	 	(1	) 	 	 	1	 	 	 	1	 	 	 	2	 	 	 	3	 	
Net investment gains (losses) (2)	  	 	(7	) 	  	 	(7	) 	 	 	(12	) 	 	 	(12	) 	 	 	(38	) 	 	 	1	 	 	 	(9	) 	 	 	(65	) 	 	 	(14	) 	 	 	(87	) 	
Policy fees and other income (3)	  	 	—  	 	  	 	1	 	 	 	(2	) 	 	 	(1	) 	 	 	(2	) 	 	 	2	 	 	 	(1	) 	 	 	76	 	 	 	1	 	 	 	78	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	(5	) 	  	 	1	 	 	 	(13	) 	 	 	(10	) 	 	 	(27	) 	 	 	3	 	 	 	(7	) 	 	 	15	 	 	 	(5	) 	 	 	6	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	—  	 	  	 	2	 	 	 	—  	 	 	 	1	 	 	 	3	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	2	 	 	 	4	 	
Acquisition and operating expenses, net of deferrals (4)	  	 	30	 	  	 	19	 	 	 	14	 	 	 	14	 	 	 	77	 	 	 	44	 	 	 	11	 	 	 	25	 	 	 	137	 	 	 	217	 	
Amortization of deferred acquisition costs and intangibles	  	 	—  	 	  	 	2	 	 	 	—  	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
Interest expense	  	 	63	 	  	 	63	 	 	 	63	 	 	 	53	 	 	 	242	 	 	 	65	 	 	 	67	 	 	 	68	 	 	 	70	 	 	 	270	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	93	 	  	 	86	 	 	 	77	 	 	 	68	 	 	 	324	 	 	 	109	 	 	 	80	 	 	 	94	 	 	 	209	 	 	 	492	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(98	) 	  	 	(85	) 	 	 	(90	) 	 	 	(78	) 	 	 	(351	) 	 	 	(106	) 	 	 	(87	) 	 	 	(79	) 	 	 	(214	) 	 	 	(486	) 	
Provision (benefit) for income taxes	  	 	(483	) 	  	 	(23	) 	 	 	(39	) 	 	 	(23	) 	 	 	(568	) 	 	 	(5	) 	 	 	246	 	 	 	(31	) 	 	 	(96	) 	 	 	114	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	385	 	  	 	(62	) 	 	 	(51	) 	 	 	(55	) 	 	 	217	 	 	 	(101	) 	 	 	(333	) 	 	 	(48	) 	 	 	(118	) 	 	 	(600	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses	  	 	7	 	  	 	7	 	 	 	12	 	 	 	12	 	 	 	38	 	 	 	(1	) 	 	 	9	 	 	 	65	 	 	 	14	 	 	 	87	 	
(Gains) losses on sale of businesses	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(9	) 	 	 	7	 	 	 	(2	) 	
(Gains) losses on early extinguishment of debt	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(64	) 	 	 	16	 	 	 	(48	) 	
Expenses related to restructuring	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	2	 	
Fees associated with bond consent solicitation	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	18	 	 	 	18	 	
Taxes on adjustments	  	 	(2	) 	  	 	(3	) 	 	 	(4	) 	 	 	(4	) 	 	 	(13	) 	 	 	(1	) 	 	 	(3	) 	 	 	2	 	 	 	(42	) 	 	 	(44	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	390	 	  	$	(58	) 	 	$	(43	) 	 	$	(46	) 	 	$	243	 	 	$	(103	) 	 	$	(327	) 	 	$	(52	) 	 	$	(105	) 	 	$	(587	) 	

 

(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.	
 
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Additional Financial Data
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Investments Summary
(amounts in millions)

 	 	 	 	December 31, 2017	 	 	September 30, 2017	 	 	June 30, 2017	 	 	March 31, 2017	 	 	December 31, 2016	 	
 	 	 	 	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	 	$	34,281	 	 	 	45	% 	 	$	34,315	 	 	 	45	% 	 	$	33,699	 	 	 	44	% 	 	$	33,049	 	 	 	44	% 	 	$	33,733	 	 	 	46	% 	
Private fixed maturity securities	 	 	12,504	 	 	 	16	 	 	 	12,354	 	 	 	16	 	 	 	12,058	 	 	 	16	 	 	 	11,483	 	 	 	15	 	 	 	11,261	 	 	 	15	 	
Residential mortgage-backed securities (1)	 	 	4,000	 	 	 	6	 	 	 	4,148	 	 	 	6	 	 	 	4,257	 	 	 	6	 	 	 	4,340	 	 	 	6	 	 	 	4,314	 	 	 	6	 	
Commercial mortgage-backed securities	 	 	3,426	 	 	 	5	 	 	 	3,393	 	 	 	5	 	 	 	3,387	 	 	 	5	 	 	 	3,283	 	 	 	5	 	 	 	3,106	 	 	 	4	 	
Other asset-backed securities	 	 	3,060	 	 	 	4	 	 	 	3,057	 	 	 	4	 	 	 	3,181	 	 	 	4	 	 	 	3,214	 	 	 	4	 	 	 	3,140	 	 	 	4	 	
State and political subdivisions	 	 	2,926	 	 	 	4	 	 	 	2,860	 	 	 	4	 	 	 	2,805	 	 	 	4	 	 	 	2,710	 	 	 	4	 	 	 	2,647	 	 	 	4	 	
Non-investment grade fixed maturity securities	 	 	2,328	 	 	 	3	 	 	 	2,425	 	 	 	3	 	 	 	2,557	 	 	 	3	 	 	 	2,518	 	 	 	3	 	 	 	2,371	 	 	 	3	 	
Equity securities:	 				 			 	 				 				 				 				 				 				 				 				
Common stocks and mutual funds	 	 	229	 	 	 	—  	 	 	 	211	 	 	 	—  	 	 	 	219	 	 	 	—  	 	 	 	202	 	 	 	—  	 	 	 	179	 	 	 	—  	 	
Preferred stocks	 	 	591	 	 	 	1	 	 	 	554	 	 	 	1	 	 	 	636	 	 	 	1	 	 	 	507	 	 	 	1	 	 	 	453	 	 	 	1	 	
Commercial mortgage loans	 	 	6,341	 	 	 	8	 	 	 	6,268	 	 	 	8	 	 	 	6,237	 	 	 	8	 	 	 	6,107	 	 	 	8	 	 	 	6,111	 	 	 	8	 	
Restricted commercial mortgage loans related to securitization entities	 	 	107	 	 	 	—  	 	 	 	111	 	 	 	—  	 	 	 	118	 	 	 	—  	 	 	 	122	 	 	 	—  	 	 	 	129	 	 	 	—  	 	
Policy loans	 	 	1,786	 	 	 	3	 	 	 	1,818	 	 	 	3	 	 	 	1,824	 	 	 	2	 	 	 	1,761	 	 	 	3	 	 	 	1,742	 	 	 	2	 	
Cash, cash equivalents and short-term investments	 	 	3,777	 	 	 	5	 	 	 	3,623	 	 	 	5	 	 	 	3,799	 	 	 	5	 	 	 	4,021	 	 	 	5	 	 	 	3,136	 	 	 	4	 	
Securities lending	 	 	268	 	 	 	—  	 	 	 	237	 	 	 	—  	 	 	 	226	 	 	 	1	 	 	 	281	 	 	 	1	 	 	 	534	 	 	 	1	 	
Other invested assets:	 	Limited partnerships	 	 	258	 	 	 	—  	 	 	 	244	 	 	 	—  	 	 	 	240	 	 	 	—  	 	 	 	224	 	 	 	—  	 	 	 	199	 	 	 	—  	 	
	 	Derivatives:	 				 			 	 				 				 				 				 				 				 				 				
	 	Long-term care (LTC) forward starting swap—cash flow	 	 	74	 	 	 	—  	 	 	 	70	 	 	 	—  	 	 	 	243	 	 	 	—  	 	 	 	227	 	 	 	—  	 	 	 	237	 	 	 	—  	 	
	 	Other cash flow	 	 	1	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	4	 	 	 	—  	 	 	 	4	 	 	 	—  	 	
	 	Equity index options—non-qualified	 	 	80	 	 	 	—  	 	 	 	81	 	 	 	—  	 	 	 	81	 	 	 	—  	 	 	 	77	 	 	 	—  	 	 	 	72	 	 	 	—  	 	
	 	Other non-qualified	 	 	121	 	 	 	—  	 	 	 	108	 	 	 	—  	 	 	 	418	 	 	 	1	 	 	 	367	 	 	 	1	 	 	 	395	 	 	 	1	 	
	 	Trading portfolio	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	71	 	 	 	—  	 	 	 	259	 	 	 	1	 	
	 	Restricted other invested assets related to securitization entities	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	81	 	 	 	—  	 	 	 	84	 	 	 	—  	 	 	 	312	 	 	 	—  	 	
	 	Other	 	 	109	 	 	 	—  	 	 	 	61	 	 	 	—  	 	 	 	21	 	 	 	—  	 	 	 	18	 	 	 	—  	 	 	 	19	 	 	 	—  	 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total invested assets and cash	 	$	76,267	 	 	 	100	% 	 	$	75,940	 	 	 	100	% 	 	$	76,089	 	 	 	100	% 	 	$	74,670	 	 	 	100	% 	 	$	74,353	 	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Public Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	13,248	 	 	 	29	% 	 	$	13,494	 	 	 	30	% 	 	$	13,541	 	 	 	30	% 	 	$	13,270	 	 	 	30	% 	 	$	14,264	 	 	 	32	% 	
AA	 		 	 	4,380	 	 	 	10	 	 	 	4,221	 	 	 	9	 	 	 	4,244	 	 	 	9	 	 	 	4,369	 	 	 	10	 	 	 	4,283	 	 	 	9	 	
A	 		 	 	13,261	 	 	 	29	 	 	 	13,328	 	 	 	29	 	 	 	13,044	 	 	 	29	 	 	 	12,770	 	 	 	29	 	 	 	12,659	 	 	 	28	 	
BBB	 		 	 	13,271	 	 	 	29	 	 	 	13,262	 	 	 	29	 	 	 	12,972	 	 	 	29	 	 	 	12,688	 	 	 	28	 	 	 	12,380	 	 	 	28	 	
BB	 		 	 	1,356	 	 	 	3	 	 	 	1,413	 	 	 	3	 	 	 	1,476	 	 	 	3	 	 	 	1,489	 	 	 	3	 	 	 	1,334	 	 	 	3	 	
B	 		 	 	109	 	 	 	—  	 	 	 	115	 	 	 	—  	 	 	 	114	 	 	 	—  	 	 	 	113	 	 	 	—  	 	 	 	151	 	 	 	—  	 	
CCC and lower	 		 	 	40	 	 	 	—  	 	 	 	49	 	 	 	—  	 	 	 	60	 	 	 	—  	 	 	 	60	 	 	 	—  	 	 	 	60	 	 	 	—  	 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total public fixed maturity securities	 	$	45,665	 	 	 	100	% 	 	$	45,882	 	 	 	100	% 	 	$	45,451	 	 	 	100	% 	 	$	44,759	 	 	 	100	% 	 	$	45,131	 	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Private Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	1,848	 	 	 	11	% 	 	$	1,818	 	 	 	11	% 	 	$	1,753	 	 	 	11	% 	 	$	1,695	 	 	 	11	% 	 	$	1,661	 	 	 	11	% 	
AA	 		 	 	2,148	 	 	 	13	 	 	 	2,039	 	 	 	12	 	 	 	2,023	 	 	 	12	 	 	 	1,970	 	 	 	12	 	 	 	1,970	 	 	 	13	 	
A	 		 	 	4,856	 	 	 	29	 	 	 	4,835	 	 	 	29	 	 	 	4,957	 	 	 	30	 	 	 	4,836	 	 	 	31	 	 	 	4,719	 	 	 	30	 	
BBB	 		 	 	7,185	 	 	 	43	 	 	 	7,130	 	 	 	43	 	 	 	6,853	 	 	 	42	 	 	 	6,481	 	 	 	41	 	 	 	6,265	 	 	 	41	 	
BB	 		 	 	765	 	 	 	4	 	 	 	801	 	 	 	5	 	 	 	854	 	 	 	5	 	 	 	802	 	 	 	5	 	 	 	763	 	 	 	5	 	
B	 		 	 	48	 	 	 	—  	 	 	 	38	 	 	 	—  	 	 	 	40	 	 	 	—  	 	 	 	41	 	 	 	—  	 	 	 	51	 	 	 	—  	 	
CCC and lower	 		 	 	10	 	 	 	—  	 	 	 	9	 	 	 	—  	 	 	 	13	 	 	 	—  	 	 	 	13	 	 	 	—  	 	 	 	12	 	 	 	—  	 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total private fixed maturity securities	 	$	16,860	 	 	 	100	% 	 	$	16,670	 	 	 	100	% 	 	$	16,493	 	 	 	100	% 	 	$	15,838	 	 	 	100	% 	 	$	15,441	 	 	 	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.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Fixed Maturity Securities Summary
(amounts in millions)

 	  	December 31, 2017	 	  	September 30, 2017	 	 	June 30, 2017	 	 	March 31, 2017	 	 	December 31, 2016	 	
 	  	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	  	$	5,548	 	  	 	9	% 	  	$	5,670	 	  	 	9	% 	 	$	5,629	 	  	 	9	% 	 	$	5,493	 	  	 	9	% 	 	$	6,036	 	  	 	10	% 	
State and political subdivisions	  	 	2,926	 	  	 	5	 	  	 	2,860	 	  	 	5	 	 	 	2,806	 	  	 	4	 	 	 	2,710	 	  	 	4	 	 	 	2,647	 	  	 	4	 	
Foreign government	  	 	2,233	 	  	 	4	 	  	 	2,226	 	  	 	4	 	 	 	2,091	 	  	 	3	 	 	 	1,817	 	  	 	3	 	 	 	2,107	 	  	 	3	 	
U.S. corporate	  	 	28,636	 	  	 	46	 	  	 	28,482	 	  	 	45	 	 	 	28,071	 	  	 	47	 	 	 	27,423	 	  	 	46	 	 	 	26,828	 	  	 	45	 	
Foreign corporate	  	 	12,611	 	  	 	20	 	  	 	12,623	 	  	 	20	 	 	 	12,430	 	  	 	20	 	 	 	12,224	 	  	 	21	 	 	 	12,295	 	  	 	21	 	
Residential mortgage-backed securities	  	 	4,057	 	  	 	6	 	  	 	4,209	 	  	 	7	 	 	 	4,319	 	  	 	7	 	 	 	4,404	 	  	 	7	 	 	 	4,379	 	  	 	7	 	
Commercial mortgage-backed securities	  	 	3,446	 	  	 	5	 	  	 	3,414	 	  	 	5	 	 	 	3,406	 	  	 	5	 	 	 	3,302	 	  	 	5	 	 	 	3,129	 	  	 	5	 	
Other asset-backed securities	  	 	3,068	 	  	 	5	 	  	 	3,068	 	  	 	5	 	 	 	3,192	 	  	 	5	 	 	 	3,224	 	  	 	5	 	 	 	3,151	 	  	 	5	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	62,525	 	  	 	100	% 	  	$	62,552	 	  	 	100	% 	 	$	61,944	 	  	 	100	% 	 	$	60,597	 	  	 	100	% 	 	$	60,572	 	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Corporate Bond Holdings—Industry Sector:	  				  			 	  				  				 				  				 				  				 				  				
Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	$	9,064	 	  	 	23	% 	  	$	9,062	 	  	 	23	% 	 	$	8,961	 	  	 	23	% 	 	$	8,661	 	  	 	23	% 	 	$	8,408	 	  	 	23	% 	
Utilities	  	 	5,951	 	  	 	15	 	  	 	5,920	 	  	 	15	 	 	 	5,832	 	  	 	15	 	 	 	5,604	 	  	 	15	 	 	 	5,475	 	  	 	15	 	
Energy	  	 	3,442	 	  	 	9	 	  	 	3,360	 	  	 	9	 	 	 	3,151	 	  	 	8	 	 	 	3,049	 	  	 	8	 	 	 	2,944	 	  	 	8	 	
Consumer—non-cyclical	  	 	5,363	 	  	 	14	 	  	 	5,385	 	  	 	14	 	 	 	5,346	 	  	 	14	 	 	 	5,316	 	  	 	14	 	 	 	5,268	 	  	 	14	 	
Consumer—cyclical	  	 	1,973	 	  	 	5	 	  	 	1,950	 	  	 	5	 	 	 	1,907	 	  	 	5	 	 	 	1,840	 	  	 	5	 	 	 	1,853	 	  	 	5	 	
Capital goods	  	 	2,837	 	  	 	7	 	  	 	2,753	 	  	 	7	 	 	 	2,706	 	  	 	7	 	 	 	2,732	 	  	 	7	 	 	 	2,665	 	  	 	7	 	
Industrial	  	 	2,143	 	  	 	5	 	  	 	2,141	 	  	 	5	 	 	 	2,093	 	  	 	6	 	 	 	2,025	 	  	 	6	 	 	 	1,908	 	  	 	5	 	
Technology and communications	  	 	3,422	 	  	 	9	 	  	 	3,336	 	  	 	9	 	 	 	3,302	 	  	 	9	 	 	 	3,252	 	  	 	9	 	 	 	3,220	 	  	 	9	 	
Transportation	  	 	2,001	 	  	 	5	 	  	 	1,993	 	  	 	5	 	 	 	1,853	 	  	 	5	 	 	 	1,841	 	  	 	5	 	 	 	1,839	 	  	 	5	 	
Other	  	 	3,001	 	  	 	8	 	  	 	3,066	 	  	 	8	 	 	 	3,077	 	  	 	8	 	 	 	3,045	 	  	 	8	 	 	 	3,406	 	  	 	9	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	39,197	 	  	 	100	% 	  	 	38,966	 	  	 	100	% 	 	 	38,228	 	  	 	100	% 	 	 	37,365	 	  	 	100	% 	 	 	36,986	 	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Non-Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	 	199	 	  	 	10	% 	  	 	221	 	  	 	10	% 	 	 	219	 	  	 	10	% 	 	 	244	 	  	 	11	% 	 	 	227	 	  	 	11	% 	
Utilities	  	 	64	 	  	 	3	 	  	 	65	 	  	 	3	 	 	 	69	 	  	 	3	 	 	 	51	 	  	 	2	 	 	 	44	 	  	 	2	 	
Energy	  	 	506	 	  	 	24	 	  	 	543	 	  	 	25	 	 	 	653	 	  	 	29	 	 	 	685	 	  	 	30	 	 	 	687	 	  	 	32	 	
Consumer—non-cyclical	  	 	180	 	  	 	9	 	  	 	159	 	  	 	7	 	 	 	182	 	  	 	8	 	 	 	189	 	  	 	8	 	 	 	180	 	  	 	8	 	
Consumer—cyclical	  	 	172	 	  	 	8	 	  	 	188	 	  	 	9	 	 	 	186	 	  	 	8	 	 	 	183	 	  	 	8	 	 	 	119	 	  	 	6	 	
Capital goods	  	 	163	 	  	 	8	 	  	 	155	 	  	 	7	 	 	 	155	 	  	 	7	 	 	 	162	 	  	 	7	 	 	 	128	 	  	 	6	 	
Industrial	  	 	247	 	  	 	12	 	  	 	263	 	  	 	12	 	 	 	266	 	  	 	12	 	 	 	251	 	  	 	11	 	 	 	273	 	  	 	13	 	
Technology and communications	  	 	405	 	  	 	20	 	  	 	418	 	  	 	20	 	 	 	416	 	  	 	18	 	 	 	403	 	  	 	18	 	 	 	365	 	  	 	17	 	
Transportation	  	 	11	 	  	 	1	 	  	 	31	 	  	 	2	 	 	 	30	 	  	 	1	 	 	 	29	 	  	 	1	 	 	 	28	 	  	 	1	 	
Other	  	 	103	 	  	 	5	 	  	 	96	 	  	 	5	 	 	 	97	 	  	 	4	 	 	 	85	 	  	 	4	 	 	 	86	 	  	 	4	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	2,050	 	  	 	100	% 	  	 	2,139	 	  	 	100	% 	 	 	2,273	 	  	 	100	% 	 	 	2,282	 	  	 	100	% 	 	 	2,137	 	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	41,247	 	  	 	100	% 	  	$	41,105	 	  	 	100	% 	 	$	40,501	 	  	 	100	% 	 	$	39,647	 	  	 	100	% 	 	$	39,123	 	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Fixed Maturity Securities—Contractual Maturity Dates:	  				  			 	  				  				 				  				 				  				 				  				
Due in one year or less	  	$	1,738	 	  	 	3	% 	  	$	1,966	 	  	 	3	% 	 	$	1,906	 	  	 	3	% 	 	$	1,776	 	  	 	3	% 	 	$	1,721	 	  	 	3	% 	
Due after one year through five years	  	 	11,197	 	  	 	18	 	  	 	11,333	 	  	 	18	 	 	 	10,967	 	  	 	18	 	 	 	10,764	 	  	 	18	 	 	 	10,938	 	  	 	18	 	
Due after five years through ten years	  	 	12,865	 	  	 	20	 	  	 	12,933	 	  	 	21	 	 	 	12,722	 	  	 	21	 	 	 	12,386	 	  	 	20	 	 	 	12,647	 	  	 	21	 	
Due after ten years	  	 	26,154	 	  	 	42	 	  	 	25,629	 	  	 	41	 	 	 	25,432	 	  	 	41	 	 	 	24,741	 	  	 	41	 	 	 	24,607	 	  	 	41	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	51,954	 	  	 	83	 	  	 	51,861	 	  	 	83	 	 	 	51,027	 	  	 	83	 	 	 	49,667	 	  	 	82	 	 	 	49,913	 	  	 	83	 	
Mortgage and asset-backed securities	  	 	10,571	 	  	 	17	 	  	 	10,691	 	  	 	17	 	 	 	10,917	 	  	 	17	 	 	 	10,930	 	  	 	18	 	 	 	10,659	 	  	 	17	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	62,525	 	  	 	100	% 	  	$	62,552	 	  	 	100	% 	 	$	61,944	 	  	 	100	% 	 	$	60,597	 	  	 	100	% 	 	$	60,572	 	  	 	100	% 	

 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 General Account GAAP Net Investment Income Yields
(amounts in millions)

 	  	2017	 	 	2016	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
GAAP Net Investment Income	  			 	  				 				 				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	$	648	 	  	$	640	 	 	$	649	 	 	$	641	 	 	$	2,578	 	 	$	635	 	 	$	655	 	 	$	634	 	 	$	641	 	 	$	2,565	 	
Fixed maturity securities—non-taxable	  	 	3	 	  	 	3	 	 	 	3	 	 	 	3	 	 	 	12	 	 	 	3	 	 	 	3	 	 	 	3	 	 	 	3	 	 	 	12	 	
Commercial mortgage loans	  	 	75	 	  	 	78	 	 	 	76	 	 	 	77	 	 	 	306	 	 	 	81	 	 	 	79	 	 	 	77	 	 	 	81	 	 	 	318	 	
Restricted commercial mortgage loans related to securitization entities	  	 	2	 	  	 	3	 	 	 	2	 	 	 	2	 	 	 	9	 	 	 	2	 	 	 	3	 	 	 	3	 	 	 	2	 	 	 	10	 	
Equity securities	  	 	10	 	  	 	9	 	 	 	9	 	 	 	8	 	 	 	36	 	 	 	8	 	 	 	8	 	 	 	7	 	 	 	5	 	 	 	28	 	
Other invested assets	  	 	39	 	  	 	35	 	 	 	30	 	 	 	31	 	 	 	135	 	 	 	34	 	 	 	29	 	 	 	33	 	 	 	32	 	 	 	128	 	
Limited partnerships	  	 	12	 	  	 	4	 	 	 	5	 	 	 	1	 	 	 	22	 	 	 	2	 	 	 	5	 	 	 	—  	 	 	 	6	 	 	 	13	 	
Restricted other invested assets related to securitization entities	  	 	—  	 	  	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	2	 	 	 	3	 	
Policy loans	  	 	33	 	  	 	39	 	 	 	39	 	 	 	42	 	 	 	153	 	 	 	39	 	 	 	38	 	 	 	34	 	 	 	35	 	 	 	146	 	
Cash, cash equivalents and short-term investments	  	 	10	 	  	 	10	 	 	 	10	 	 	 	6	 	 	 	36	 	 	 	4	 	 	 	5	 	 	 	6	 	 	 	5	 	 	 	20	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	832	 	  	 	821	 	 	 	824	 	 	 	811	 	 	 	3,288	 	 	 	808	 	 	 	825	 	 	 	798	 	 	 	812	 	 	 	3,243	 	
Expenses and fees	  	 	(20	) 	  	 	(24	) 	 	 	(23	) 	 	 	(21	) 	 	 	(88	) 	 	 	(22	) 	 	 	(20	) 	 	 	(19	) 	 	 	(23	) 	 	 	(84	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	$	812	 	  	$	797	 	 	$	801	 	 	$	790	 	 	$	3,200	 	 	$	786	 	 	$	805	 	 	$	779	 	 	$	789	 	 	$	3,159	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Annualized Yields	  			 	  				 				 				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	 	4.5	% 	  	 	4.5	% 	 	 	4.6	% 	 	 	4.5	% 	 	 	4.5	% 	 	 	4.5	% 	 	 	4.6	% 	 	 	4.6	% 	 	 	4.7	% 	 	 	4.6	% 	
Fixed maturity securities—non-taxable	  	 	3.7	% 	  	 	3.7	% 	 	 	3.7	% 	 	 	3.7	% 	 	 	3.7	% 	 	 	3.7	% 	 	 	3.7	% 	 	 	3.6	% 	 	 	3.6	% 	 	 	3.6	% 	
Commercial mortgage loans	  	 	4.8	% 	  	 	5.0	% 	 	 	4.9	% 	 	 	5.0	% 	 	 	4.9	% 	 	 	5.3	% 	 	 	5.2	% 	 	 	5.0	% 	 	 	5.2	% 	 	 	5.2	% 	
Restricted commercial mortgage loans related to securitization entities	  	 	7.3	% 	  	 	10.5	% 	 	 	6.7	% 	 	 	6.4	% 	 	 	7.7	% 	 	 	6.1	% 	 	 	7.4	% 	 	 	8.0	% 	 	 	5.1	% 	 	 	7.1	% 	
Equity securities	  	 	5.4	% 	  	 	5.1	% 	 	 	5.3	% 	 	 	4.9	% 	 	 	5.2	% 	 	 	5.2	% 	 	 	5.8	% 	 	 	5.8	% 	 	 	5.1	% 	 	 	5.6	% 	
Other invested assets	  	 	167.7	% 	  	 	1251.7	% 	 	 	601.0	% 	 	 	81.1	% 	 	 	132.4	% 	 	 	46.2	% 	 	 	31.6	% 	 	 	31.9	% 	 	 	29.4	% 	 	 	34.5	% 	
Limited partnerships (1)	  	 	19.1	% 	  	 	6.6	% 	 	 	8.6	% 	 	 	1.9	% 	 	 	9.4	% 	 	 	4.1	% 	 	 	10.9	% 	 	 	—  	% 	 	 	13.2	% 	 	 	7.0	% 	
Restricted other invested assets related to securitization entities	  	 	—  	% 	  	 	—  	% 	 	 	4.8	% 	 	 	—  	% 	 	 	1.1	% 	 	 	—  	% 	 	 	—  	% 	 	 	1.1	% 	 	 	2.0	% 	 	 	0.9	% 	
Policy loans	  	 	7.3	% 	  	 	8.6	% 	 	 	8.7	% 	 	 	9.6	% 	 	 	8.6	% 	 	 	8.9	% 	 	 	8.7	% 	 	 	8.2	% 	 	 	8.9	% 	 	 	8.7	% 	
Cash, cash equivalents and short-term investments	  	 	1.1	% 	  	 	1.1	% 	 	 	1.0	% 	 	 	0.7	% 	 	 	1.0	% 	 	 	0.5	% 	 	 	0.6	% 	 	 	0.6	% 	 	 	0.4	% 	 	 	0.5	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	4.7	% 	  	 	4.7	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.6	% 	 	 	4.7	% 	 	 	4.6	% 	 	 	4.6	% 	 	 	4.6	% 	
Expenses and fees	  	 	-0.1	% 	  	 	-0.2	% 	 	 	-0.1	% 	 	 	-0.2	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	 	4.6	% 	  	 	4.5	% 	 	 	4.6	% 	 	 	4.5	% 	 	 	4.6	% 	 	 	4.5	% 	 	 	4.6	% 	 	 	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.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Net Investment Gains (Losses), Net—Detail
(amounts in millions)

 	  	2017	 	 	2016	 	
 	  	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	  	$	38	 	  	$	27	 	 	$	56	 	 	$	15	 	 	$	136	 	 	$	(1	) 	 	$	2	 	 	$	—  	 	 	$	(7	) 	 	$	(6	) 	
U.S. government, agencies and government-sponsored enterprises	  	 	1	 	  	 	—  	 	 	 	1	 	 	 	(10	) 	 	 	(8	) 	 	 	(19	) 	 	 	15	 	 	 	137	 	 	 	7	 	 	 	140	 	
Foreign corporate	  	 	1	 	  	 	(2	) 	 	 	3	 	 	 	20	 	 	 	22	 	 	 	1	 	 	 	(1	) 	 	 	(6	) 	 	 	(8	) 	 	 	(14	) 	
Foreign government	  	 	—  	 	  	 	(1	) 	 	 	1	 	 	 	2	 	 	 	2	 	 	 	1	 	 	 	4	 	 	 	—  	 	 	 	—  	 	 	 	5	 	
Mortgage-backed securities	  	 	(1	) 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	13	 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	12	 	
Asset-backed securities	  	 	(1	) 	  	 	—  	 	 	 	(8	) 	 	 	(5	) 	 	 	(14	) 	 	 	(1	) 	 	 	(5	) 	 	 	(10	) 	 	 	—  	 	 	 	(16	) 	
Equity securities	  	 	2	 	  	 	3	 	 	 	—  	 	 	 	2	 	 	 	7	 	 	 	2	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	4	 	
Foreign exchange	  	 	1	 	  	 	3	 	 	 	10	 	 	 	5	 	 	 	19	 	 	 	2	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	3	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities	  	 	41	 	  	 	30	 	 	 	63	 	 	 	29	 	 	 	163	 	 	 	(2	) 	 	 	15	 	 	 	122	 	 	 	(7	) 	 	 	128	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:	  			 	  				 				 				 				 				 				 				 				 				
Corporate fixed maturity securities	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	(16	) 	 	 	(8	) 	 	 	(24	) 	
Foreign government	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	—  	 	 	 	(1	) 	
Limited partnerships	  	 	(1	) 	  	 	—  	 	 	 	(1	) 	 	 	—  	 	 	 	(2	) 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(3	) 	 	 	(3	) 	
Commercial mortgage loans	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(4	) 	 	 	—  	 	 	 	(4	) 	
Commercial mortgage-backed securities	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	—  	 	 	 	(1	) 	
Equity securities	  	 	(1	) 	  	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	(3	) 	 	 	(5	) 	 	 	(2	) 	 	 	—  	 	 	 	—  	 	 	 	(7	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments	  	 	(2	) 	  	 	(1	) 	 	 	(2	) 	 	 	(1	) 	 	 	(6	) 	 	 	(5	) 	 	 	(2	) 	 	 	(22	) 	 	 	(11	) 	 	 	(40	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized gains (losses) on trading securities	  	 	—  	 	  	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	(30	) 	 	 	(4	) 	 	 	16	 	 	 	28	 	 	 	10	 	
Limited partnerships	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	6	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	6	 	
Commercial mortgage loans held-for-sale market valuation allowance	  	 	—  	 	  	 	1	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	—  	 	 	 	(1	) 	 	 	1	 	 	 	1	 	 	 	1	 	
Net gains (losses) related to securitization entities	  	 	2	 	  	 	1	 	 	 	2	 	 	 	2	 	 	 	7	 	 	 	1	 	 	 	2	 	 	 	(61	) 	 	 	8	 	 	 	(50	) 	
Derivative instruments	  	 	4	 	  	 	54	 	 	 	36	 	 	 	3	 	 	 	97	 	 	 	72	 	 	 	10	 	 	 	(24	) 	 	 	(38	) 	 	 	20	 	
Contingent purchase price valuation change	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2	) 	 	 	—  	 	 	 	(2	) 	
Other	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), gross	  	 	45	 	  	 	85	 	 	 	101	 	 	 	34	 	 	 	265	 	 	 	41	 	 	 	20	 	 	 	30	 	 	 	(19	) 	 	 	72	 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	3	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	3	 	 	 	(1	) 	 	 	—  	 	 	 	6	 	 	 	9	 	 	 	14	 	
Adjustment for net investment (gains) losses attributable to noncontrolling interests	  	 	(7	) 	  	 	(23	) 	 	 	(22	) 	 	 	(14	) 	 	 	(66	) 	 	 	(12	) 	 	 	(2	) 	 	 	3	 	 	 	(9	) 	 	 	(20	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net	  	$	41	 	  	$	62	 	 	$	79	 	 	$	20	 	 	$	202	 	 	$	28	 	 	$	18	 	 	$	39	 	 	$	(19	) 	 	$	66	 	

 
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Reconciliations of Non-GAAP Measures
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Reconciliation of Operating ROE
(amounts in millions)

Twelve Month Rolling Average ROE	  	Twelve months ended	 	
 	  	December 31,
2017	 	 	September 30,
2017	 	 	June 30,
2017	 	 	March 31,
2017	 	 	December 31,
2016	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended (1)	  	$	817	 	 	$	342	 	 	$	(145	) 	 	$	(175	) 	 	$	(277	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	9,923	 	 	$	9,778	 	 	$	9,781	 	 	$	9,770	 	 	$	9,790	 	
GAAP Basis ROE (1)/(2)	  	 	8.2	% 	 	 	3.5	% 	 	 	-1.5	% 	 	 	-1.8	% 	 	 	-2.8	% 	
						
Operating ROE	  				 				 				 				 				
Adjusted operating income (loss) for the twelve months ended (1)	  	$	696	 	 	$	233	 	 	$	(248	) 	 	$	(276	) 	 	$	(316	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	9,923	 	 	$	9,778	 	 	$	9,781	 	 	$	9,770	 	 	$	9,790	 	
Operating ROE (1)/(2)	  	 	7.0	% 	 	 	2.4	% 	 	 	-2.5	% 	 	 	-2.8	% 	 	 	-3.2	% 	
		
Quarterly Average ROE	  	Three months ended	 	
 	  	December 31,
2017	 	 	September 30,
2017	 	 	June 30,
2017	 	 	March 31,
2017	 	 	December 31,
2016	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended (3)	  	$	353	 	 	$	107	 	 	$	202	 	 	$	155	 	 	$	(122	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	10,213	 	 	$	9,979	 	 	$	9,820	 	 	$	9,633	 	 	$	9,610	 	
Annualized GAAP Quarterly Basis ROE (3)/(4)	  	 	13.8	% 	 	 	4.3	% 	 	 	8.2	% 	 	 	6.4	% 	 	 	-5.1	% 	
						
Operating ROE	  				 				 				 				 				
Adjusted operating income (loss) for the period ended (3)	  	$	326	 	 	$	76	 	 	$	151	 	 	$	143	 	 	$	(137	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	10,213	 	 	$	9,979	 	 	$	9,820	 	 	$	9,633	 	 	$	9,610	 	
Annualized Operating Quarterly Basis ROE (3)/(4)	  	 	12.8	% 	 	 	3.0	% 	 	 	6.2	% 	 	 	5.9	% 	 	 	-5.7	% 	
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).	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Reconciliation of Core Yield

 	 	 	  	2017	 	 	2016	 	
 	 	(Assets—amounts in billions)	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
	 	Reported—Total Invested Assets and Cash	  	$	76.3	 	  	$	75.9	 	 	$	76.1	 	 	$	74.7	 	 	$	76.3	 	 	$	74.4	 	 	$	78.3	 	 	$	77.6	 	 	$	76.0	 	 	$	74.4	 	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Securities lending	  	 	0.3	 	  	 	0.2	 	 	 	0.2	 	 	 	0.3	 	 	 	0.3	 	 	 	0.5	 	 	 	0.4	 	 	 	0.3	 	 	 	0.4	 	 	 	0.5	 	
	 	Unrealized gains (losses)	  	 	5.4	 	  	 	5.1	 	 	 	5.6	 	 	 	4.6	 	 	 	5.4	 	 	 	4.3	 	 	 	7.7	 	 	 	7.6	 	 	 	6.3	 	 	 	4.3	 	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	Adjusted end of period invested assets and cash	  	$	70.6	 	  	$	70.6	 	 	$	70.3	 	 	$	69.8	 	 	$	70.6	 	 	$	69.6	 	 	$	70.2	 	 	$	69.7	 	 	$	69.3	 	 	$	69.6	 	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)	 	Average Invested Assets and Cash Used in Reported Yield Calculation	  	$	70.6	 	  	$	70.5	 	 	$	70.1	 	 	$	69.7	 	 	$	70.1	 	 	$	69.8	 	 	$	69.7	 	 	$	69.5	 	 	$	70.0	 	 	$	69.8	 	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	—  	 	  	 	0.1	 	 	 	0.1	 	 	 	0.1	 	 	 	0.1	 	 	 	0.1	 	 	 	0.3	 	 	 	0.1	 	 	 	0.2	 	 	 	0.2	 	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)	 	Average Invested Assets and Cash Used in Core Yield Calculation	  	$	70.6	 	  	$	70.4	 	 	$	70.0	 	 	$	69.6	 	 	$	70.0	 	 	$	69.7	 	 	$	69.4	 	 	$	69.4	 	 	$	69.8	 	 	$	69.6	 	

	 	(Income—amounts in millions)	  			 	  				 				 				 				 				 				 				 				 				
		 										
(C)	 	Reported—Net Investment Income	  	$	812	 	  	$	797	 	 	$	801	 	 	$	790	 	 	$	3,200	 	 	$	786	 	 	$	805	 	 	$	779	 	 	$	789	 	 	$	3,159	 	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Bond calls and commercial mortgage loan prepayments	  	 	13	 	  	 	10	 	 	 	8	 	 	 	6	 	 	 	37	 	 	 	22	 	 	 	14	 	 	 	5	 	 	 	11	 	 	 	52	 	
	 	Other non-core items (2)	  	 	3	 	  	 	3	 	 	 	8	 	 	 	3	 	 	 	17	 	 	 	(17	) 	 	 	8	 	 	 	(6	) 	 	 	15	 	 	 	—  	 	
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	2	 	  	 	1	 	 	 	2	 	 	 	1	 	 	 	6	 	 	 	2	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	8	 	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(D)	 	Core Net Investment Income	  	$	794	 	  	$	783	 	 	$	783	 	 	$	780	 	 	$	3,140	 	 	$	779	 	 	$	782	 	 	$	778	 	 	$	760	 	 	$	3,099	 	

(C) / (A)	 	Reported Yield	  	 	4.60	% 	  	 	4.52	% 	 	 	4.57	% 	 	 	4.53	% 	 	 	4.56	% 	 	 	4.50	% 	 	 	4.62	% 	 	 	4.48	% 	 	 	4.51	% 	 	 	4.53	% 	
(D) / (B)	 	Core Yield	  	 	4.50	% 	  	 	4.45	% 	 	 	4.47	% 	 	 	4.48	% 	 	 	4.48	% 	 	 	4.47	% 	 	 	4.51	% 	 	 	4.48	% 	 	 	4.36	% 	 	 	4.45	% 	
 
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.	
 
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Table of Contents
Corporate Information
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2017
 Financial Strength Ratings As Of February 5, 2018

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)	  	Baa1 (Adequate)	  	Not rated	
Genworth Life Insurance Company	  	B+ (Weak)	  	B2 (Poor)	  	B (Fair)	
Genworth Life and Annuity Insurance Company	  	B+ (Weak)	  	Ba1 (Questionable)	  	B++ (Good)	
Genworth Life Insurance Company of New York	  	B+ (Weak)	  	B2 (Poor)	  	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), “BB” (Marginal) or “B” (Weak) have strong, marginal or weak financial security characteristics, respectively. The “A,” “BB” and “B” ranges are the third-, fifth- and sixth-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 “B+” ratings are the fifth-, eleventh- and fourteenth-highest of S&P’s 21 ratings categories.
Moody’s states that insurance companies rated “Baa” (Adequate) offer adequate financial security and that insurance companies rated “Ba” (Questionable) or “B” (Poor) offer questionable financial security. The “Baa” (Adequate), “Ba” (Questionable) and “B” (Poor) ranges are the fourth-, fifth- and sixth-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 “Baa1,” “Ba1” and “B2” ratings are the eighth-, eleventh- and fifteenth-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.	
 
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