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
October 30, 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 October 30, 2018, Genworth Financial, Inc. (the “Company”) issued (1) a press release announcing its financial results for the quarter ended September 30, 2018, 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 September 30, 2018, 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 October 30, 2018.		
			
99.2	  	Financial Supplement for the quarter ended September 30, 2018.		
 
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Exhibit Index

	Exhibit
Number	  		Description of Exhibit	
			
99.1	  	Press Release dated October 30, 2018.		
			
99.2	  	Financial Supplement for the quarter ended September 30, 2018.		
 
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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: October 30, 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 Third Quarter 2018 Results
Net Income Of $146 Million And Adjusted Operating Income Of $145 Million
 
 	•	 	Delaware Department Of Insurance Announces Public Hearing On Proposed Transaction With China Oceanwide Holdings Group Co., Ltd (Oceanwide)	
 
 	•	 	U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $118 Million, Increased 62 Percent Compared To Third Quarter Of 2017	
 
 	•	 	U.S. MI’s PMIERs 1 Sufficiency Ratio At 130 Percent, In Excess Of $750 Million Above Current Requirements And More Than $550 Million Above The Revised Standards (PMIERs 2.0) Effective First Quarter Of 2019	
 
 	•	 	$78 Million Of Dividends To The Holding Company Due To Strong Capital Levels In International MI Platforms	
 
 	•	 	U.S. Life Insurance Adjusted Operating Loss Of $3 Million Primarily Due To Seasonally Unfavorable Long Term Care Insurance (LTC) Terminations	
 
 	•	 	Annual Review Of LTC Claims Reserve Is In Process And Will Be Completed In The Fourth Quarter	
 
 	•	 	Holding Company Cash And Liquid Assets Of $609 Million	
Richmond, VA (October 30, 2018) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended September 30, 2018. The company reported net income 2 of $146 million, or $0.29 per diluted share, in the third quarter of 2018, compared with net income of $107 million, or $0.21 per diluted share, in the third quarter of 2017. Adjusted operating income 3 for the third quarter of 2018 was $145 million, or $0.29 per diluted share, compared with adjusted operating income of $76 million, or $0.15 per diluted share, in the third quarter of 2017.
Genworth’s effective tax rate for the quarter was approximately 23 percent and benefitted four percent from net favorable tax adjustments in the quarter. Beginning January 1, 2018, the company’s domestic businesses are taxed at the new enacted tax rate of 21 percent. However, gains on forward starting swaps settled prior to the change in the corporate tax rate will continue to be tax effected at a 35 percent tax rate as they are amortized into net investment income.

1  	Private Mortgage Insurer Eligibility Requirements	
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 Oceanwide continue to work towards closing their previously announced proposed transaction.
On October 26, 2018, the Delaware Department of Insurance announced it scheduled a public hearing at 9 a.m. on Wednesday, November 28, 2018 on the proposed acquisition of control of Delaware-domiciled Genworth Life Insurance Company (GLIC) by entities affiliated with Oceanwide in connection with the pending acquisition of Genworth by Oceanwide. Genworth and Oceanwide also announced the parties agreed that Genworth Holdings, Inc. will contribute $175 million to GLIC, which was previously committed by Genworth to be used as partial consideration for unstacking Genworth Life and Annuity Insurance Company (GLAIC) from GLIC. The $175 million will be contributed in three equal tranches, with the first contribution completed by the end of March 2019, the second contribution completed by the end of September 2019 and the final contribution completed by the end of January 2020.
Since the last earnings update, the parties announced additional developments as they relate to the proposed transaction and ongoing execution of Genworth’s strategic priorities:
 
 	•	 	Oceanwide and Genworth disclosed a capital investment plan to its regulators whereby Oceanwide would contribute an aggregate of $1.5 billion to Genworth over time following the consummation of the transaction, with the final amounts to be contributed by March 31, 2020. Such contribution will be subject to the closing of the proposed transaction and the filing and/or receipt of required regulatory approvals. The contribution would be used to further improve Genworth’s financial stability, which may include retiring Genworth’s debt due in 2020 and 2021 or enabling future growth opportunities.	
 
 	•	 	Given the parties will no longer pursue the aforementioned GLAIC unstacking, and in line with Genworth’s strategic objective to isolate the LTC business, Genworth completed a bond consent solicitation to clarify that GLAIC is included in the class of subsidiaries previously removed from bankruptcy, insolvency and similar events of default with respect to certain outstanding senior notes.	
 
 	•	 	The National Development and Reform Commission (NDRC) accepted Oceanwide’s filing with respect to the proposed transaction, which concludes NDRC’s review process and enables Oceanwide to move forward with the rest of the regulatory processes in China.	
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.
 
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“The scheduling of the hearing with Delaware is a significant milestone in our regulatory review process and a major step towards closing the transaction with Oceanwide,” said Tom McInerney, president and CEO of Genworth. “Given the timing of the hearing and subsequent expected review period, we are targeting closing the transaction by year-end.”
LU Zhiqiang, chairman of Oceanwide, added: “Oceanwide is pleased with the progress made in the regulatory review process, and looks forward to closing the transaction by year-end.”
Financial Performance

	Consolidated Net Income & Adjusted Operating Income	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
 	  	Three months ended September 30	 	  	 	 		
 	  	2018	 	  	2017	 	  	 	 		
	(Amounts in millions, except per share)	  	Total	 	  	Per
diluted
share	 	  	Total	 	  	Per
diluted
share	 	  	Total
% change	 	
Net income available to Genworth’s common stockholders	  	$	146		  	$	0.29		  	$	107		  	$	0.21		  	 	36	% 		
Adjusted operating income	  	$	145		  	$	0.29		  	$	76		  	$	0.15		  	 	91	% 		
Weighted-average diluted common shares	  	 	503.3		  				  	 	501.6		  				  					
				
 	  	As of September 30	 	  	 	 		
 	  	2018	 	  	2017	 	  	 	 		
Book value per share	  				  	$	25.56		  				  	$	26.19		  					
Book value per share, excluding accumulated other comprehensive income	  				  	$	21.43		  				  	$	20.10		  					
Net income in the third quarter of 2018 was impacted by net investment gains, net of taxes and other adjustments, of $2 million in the quarter. Net income in the third quarter of 2017 benefitted from net investment gains, net of taxes and other adjustments, of $40 million.
Net investment income was $815 million in the quarter, down from $828 million in the prior quarter and up from $797 million in the prior year. Net investment income decreased versus the prior quarter due to lower income from limited partnerships and the inflation impact on U.S. Government Treasury Inflation Protected Securities. Net investment income increased compared to the prior year due to higher investment yields. The reported yield and the core yield 3 for the quarter were 4.64 percent and 4.59 percent, respectively.
Adjusted operating income (loss) results by business line are summarized in the table below:

Adjusted Operating Income (Loss)	  	 	 	  	 	 	  	 	 		
	(Amounts in millions)	  	Q3 18	 	  	Q2 18	 	  	Q3 17	 	
U.S. Mortgage Insurance	  	$	118	 	  	$	137	 	  	$	73			
Canada Mortgage Insurance	  	 	44	 	  	 	46	 	  	 	37			
Australia Mortgage Insurance	  	 	17	 	  	 	22	 	  	 	12			
U.S. Life Insurance	  	 	(3	) 	  	 	57	 	  	 	(1	) 		
Runoff	  	 	14	 	  	 	13	 	  	 	13			
Corporate and Other	  	 	(45	) 	  	 	(75	) 	  	 	(58	) 		
	  	 	 	 	  	 	 	 	  	 	 	 		
Total Adjusted Operating Income	  	$	145	 	  	$	200	 	  	$	76			

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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 to adjusted operating income 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)	  	Q3 18	 	 	Q2 18	 	 	Q3 17	 	
Adjusted operating income	  	$	118	 	 	$	137	 	 	$	73	 		
New insurance written	  				 				 					
Primary Flow	  	$	10,300	 	 	$	11,400	 	 	$	11,300	 		
Loss ratio	  	 	11	% 	 	 	(8	)% 	 	 	20	% 		
U.S. MI reported adjusted operating income of $118 million, compared with $137 million in the prior quarter and $73 million in the prior year. The loss ratio in the current quarter was 11 percent, up 19 points sequentially and down nine points from the prior year. Losses in the prior quarter included a favorable $28 million pre-tax loss reserve adjustment, which reduced the loss ratio by 15 points in the second quarter. Results in the current quarter benefitted from a lower corporate tax rate and higher premiums principally related to an increase in insurance in force compared to the prior year. There were no material incremental incurred losses in the quarter from areas impacted by the fourth quarter 2017 hurricanes, and delinquencies in those areas are curing in line with the company’s original loss expectations. The risk in force exposure to the recent hurricanes (Florence and Michael) is much lower and therefore the company does not expect any material impact from these events.
Flow New Insurance Written (NIW) of $10.3 billion decreased 10 percent from the prior quarter and decreased nine percent versus the prior year primarily from a decrease in estimated market share due to the loss of a large customer, partially offset by a larger private mortgage insurance market. During the third quarter of 2018, the company’s concentration of single premium flow NIW was 18 percent, up three points from the prior quarter and down six points 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.
 
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Canada Mortgage Insurance

Operating Metrics	  	 	 	 	 	 	 	 	 		
	(Dollar amounts in millions)	  	Q3 18	 	 	Q2 18	 	 	Q3 17	 	
Adjusted operating income	  	$	44	 	 	$	46	 	 	$	37	 		
New insurance written	  				 				 					
Flow	  	$	4,200	 	 	$	3,700	 	 	$	4,400	 		
Bulk	  	$	600	 	 	$	900	 	 	$	600	 		
Loss ratio	  	 	14	% 	 	 	15	% 	 	 	14	% 		
Canada MI reported adjusted operating income of $44 million versus $46 million in the prior quarter and $37 million in the prior year. Results in the current quarter benefitted from a lower corporate tax rate compared to the prior year. The loss ratio in the quarter was 14 percent, down one point sequentially primarily from a lower level of new delinquencies, net of cures. The loss ratio was flat compared to the prior year as lower new delinquencies were offset by less favorable loss reserve development.
Flow NIW was up 16 percent 4 sequentially from a seasonally larger originations market and down two percent 4 from the prior year primarily from a modestly smaller market size from regulatory changes and housing affordability pressure.
Australia Mortgage Insurance

Operating Metrics	  	 	 	 	 	 	 	 	 		
	(Dollar amounts in millions)	  	Q3 18	 	 	Q2 18	 	 	Q3 17	 	
Adjusted operating income	  	$	17	 	 	$	22	 	 	$	12	 		
New insurance written	  				 				 					
Flow	  	$	3,800	 	 	$	3,700	 	 	$	3,700	 		
Bulk	  	$	—  	 	 	$	900	 	 	$	600	 		
Loss ratio	  	 	31	% 	 	 	28	% 	 	 	37	% 		
Australia MI reported adjusted operating income of $17 million, compared to $22 million in the prior quarter and $12 million in the prior year. Results in the prior quarter were favorably impacted by approximately $4 million after-tax as a result of increased recognition of premiums driven by higher policy cancellations. Results increased versus the prior year primarily due to the impact of the premium earnings pattern review that occurred in the fourth quarter of 2017.
The loss ratio in the quarter was 31 percent, up three points sequentially from higher earned premiums in the prior quarter due to an increase in policy cancellations and down six points compared to the prior year due to an increase in earned premiums as well as favorable loss performance.

4  	Percent change excludes the impact of foreign exchange.	
 
5

Flow NIW was up five percent 4  sequentially and up eight percent 4  from the prior year primarily from increased mortgage origination activity from certain key customers during the quarter.
U.S. Life Insurance

Adjusted Operating Income (Loss)	  	 	 	  	 	 	  	 	 		
	(Amounts in millions)	  	Q3 18	 	  	Q2 18	 	  	Q3 17	 	
Long Term Care Insurance	  	$	(24	) 	  	$	22		  	$	(5	) 		
Life Insurance	  	 	(2	) 	  	 	4		  	 	(9	) 		
Fixed Annuities	  	 	23		  	 	31		  	 	13			
	  	 	 	 	  	 	 	 	  	 	 	 		
Total U.S. Life Insurance	  	$	(3	) 	  	$	57		  	$	(1	) 		
	  	 	 	 	  	 	 	 	  	 	 	 		
Long Term Care Insurance
LTC reported an adjusted operating loss of $24 million, compared with adjusted operating income of $22 million in the prior quarter and an adjusted operating loss of $5 million in the prior year. Results versus the prior quarter reflected seasonally lower terminations and lower earnings from the acquired block, partially offset by reduced benefits and higher premiums from in force rate actions. Compared to the prior year, results reflected lower terminations and higher severity and frequency of new claims, partially offset by higher premiums and reduced benefits from in force rate actions. Current and prior quarter results also included incremental tax expenses of $5 million and $6 million, respectively, above the 21 percent corporate tax rate as a result of the amortization of forward starting swap gains settled prior to the change in the corporate tax rate.
The company has typically conducted a review of its LTC claims reserve assumptions in the third quarter of each year but this year will be completing its review in the fourth quarter. The company will also complete loss recognition and cash flow testing for all of its U.S. Life insurance products in the fourth quarter.
Life Insurance
Life insurance reported an adjusted operating loss of $2 million, compared with adjusted operating income of $4 million in the prior quarter and an adjusted operating loss of $9 million in the prior year. Results versus the prior quarter reflected lower premiums in the term life insurance blocks. Results in the prior year included a net unfavorable impact of $15 million after-tax from model refinements. Results versus the prior year also reflected lower in force earnings in the term life insurance block of business from increased reinsurance as well as runoff of the block, partially offset by higher investment spread. The company also continued to experience unfavorable mortality in its universal and term universal life insurance products and will be considering this as part of its fourth quarter assumption review.
Fixed Annuities
Fixed annuities reported adjusted operating income of $23 million, compared with $31 million in the prior quarter and $13 million in the prior year. Results versus the prior quarter reflected lower variable investment
 
6

income and unfavorable mortality. Results in the prior year included a $6 million after-tax charge from loss recognition testing on the single premium immediate annuity block related to low interest rates. Results versus the prior year also reflected favorable mortality and lower taxes, partially offset by lower variable investment income.
Runoff
Runoff reported adjusted operating income of $14 million compared with $13 million in both the prior quarter and prior year. Results versus the prior quarter reflected favorable equity market performance supporting the company’s variable annuity business, partially offset by less favorable mortality in the corporate owned life insurance product. Results compared to the prior year reflected lower taxes.
Corporate And Other
Corporate and Other reported an adjusted operating loss of $45 million, compared with $75 million in the prior quarter and $58 million in the prior year. Results in the current quarter include net favorable tax benefits of $10 million primarily related to tax reform adjustments. Results in the prior quarter included a provisional tax expense of $19 million related to a revaluation of deferred tax assets and liabilities on foreign subsidiaries. Results in the prior year included unfavorable tax charges of $7 million for changes and corrections related to prior period tax returns. Given the change in the corporate tax rate, results in the current quarter also reflected a lower tax benefit offsetting the Corporate and Other pre-tax loss compared to the prior year.
Capital & Liquidity
Genworth maintains the following capital positions in its operating subsidiaries:

Key Capital & Liquidity Metrics	  	 	 	 	 	 	 	 	 		
	(Dollar amounts in millions)	  	Q3 18	 	 	Q2 18	 	 	Q3 17	 	
U.S. MI	 	 				 					
Consolidated Risk-To-Capital Ratio 5  	  	 	12.3:1	 	 	 	12.6:1	 	 	 	12.8:1	 		
Genworth Mortgage Insurance Corporation Risk-To-Capital Ratio 5	  	 	12.6:1	 	 	 	12.8:1	 	 	 	12.9:1	 		
Private Mortgage Insurer Eligibility Requirements (PMIERs) Sufficiency Ratio 6  	  	 	130	% 	 	 	129 	% 	 	 	122 	% 		
Canada MI	 	 				 					
Minimum Capital Test (MCT) Ratio 5	  	 	171	% 	 	 	170 	% 	 	 	165 	% 		
Australia MI	 	 				 					
Prescribed Capital Amount (PCA) Ratio 5	  	 	185	% 	 	 	190 	% 	 	 	184 	% 		
U.S. Life Insurance Companies	 	 				 					
Consolidated Risk-Based Capital (RBC) Ratio 5	  	 	270	% 	 	 	277 	% 	 	 	320 	% 		
Holding Company Cash and Liquid Assets 7 , 8	  	$	609	 	 	$	622		 	$	829			

5  	Company estimate for the third quarter of 2018 due to timing of the filing of statutory statements.	
6  	Calculated as available assets divided by required assets as defined within PMIERs. As of September 30, 2018, June 30, 2018 and September 30, 2017, the PMIERs sufficiency ratios were in excess of approximately $750 million, $700 million and $500 million, respectively, of available assets above the PMIERs requirements. Company estimate for the third quarter of 2018.	
7  	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.	
8  	Genworth Holdings, Inc. had $534 million, $547 million and $754 million of cash, cash equivalents and restricted cash as of September 30, 2018, June 30, 2018 and September 30, 2017, respectively, which included approximately $16 million, $16 million, and $4 million of restricted cash, respectively. Genworth Holdings, Inc. also held $75 million in U.S. government securities as of September 30, 2018, June 30, 2018 and September 30, 2017, which included approximately $37 million, $36 million, and $48 million, respectively, of restricted assets.	
 
7

Key Points
 
 	•	 	U.S. MI’s PMIERs sufficiency ratio increased to 130 percent as an increase in operating cash flows and lower non-performing required assets were partially offset by higher required assets associated with strong new business written;	
 
 	•	 	Canada MI’s MCT ratio is estimated to be 171 percent, above both the regulatory minimum requirement of 150 percent and the company’s operating range of 160 to 165 percent;	
 
 	•	 	Australia MI’s PCA ratio decreased sequentially to 185 percent driven primarily by dividends paid and share repurchase activity in the quarter; and	
 
 	•	 	U.S. life insurance companies consolidated RBC ratio decreased sequentially to 270 percent due to unfavorable LTC performance.	
About Genworth Financial
This press release and the third quarter 2018 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 7:00 a.m. on October 31, 2018. Investors are encouraged to review these materials.
Genworth will conduct a conference call on October 31, 2018 at 8:00 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 the conference call is 888 208.1820 or 323 794.2110 (outside the U.S.); conference ID # 1069306. 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 November 14, 2018 at 888 203.1112 or 719 457.0820 (outside the U.S.); conference ID # 1069306. The webcast will also be archived on the company’s website for one year.
 
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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 Financial, Inc.’s common stockholders in accordance with U.S. 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 U.S. GAAP. In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies.
On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law. The TCJA reduced the U.S. corporate federal income tax rate to 21 percent effective for taxable years beginning on January 1, 2018. Therefore, beginning in the first quarter of 2018, the company assumed a tax rate of 21 percent on certain adjustments to reconcile net income available to Genworth Financial, Inc.’s common stockholders and adjusted operating income and in the explanation of specific variances of operating performance (unless otherwise indicated). In the prior year, the company assumed a tax rate of 35 percent, the previous U.S. corporate federal income tax rate prior to the enactment of the TCJA, on certain adjustments to reconcile net income available to Genworth Financial, Inc.’s common stockholders and adjusted operating income and in the explanation of specific variances of operating performance. These adjustments are also net of the portion attributable to noncontrolling interests and net investment gains (losses) are adjusted for DAC and other intangible amortization and certain benefit reserves.
The company recorded a pre-tax expense of $2 million in the third quarter of 2018 and $1 million in the third quarter of 2017 related to restructuring costs as it continues to evaluate and appropriately size its organizational needs and expenses. There were no infrequent or unusual items excluded from adjusted operating income (loss) during the periods presented.
 
9

The tables at the end of this press release provide a reconciliation of net income available to Genworth Financial, Inc.’s common stockholders to adjusted operating income for the three months ended September 30, 2018 and 2017, as well as for the three months ended June 30, 2018, 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 U.S. 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 U.S. 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 business generated in a period. Sales refer to new insurance written for mortgage insurance. The company considers new insurance written to be a measure of the company’s operating performance because it represents a measure of new sales of insurance policies 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 company’s mortgage insurance business is a measure of the aggregate original loan balance for outstanding insurance policies as of the respective reporting date. Risk in force for the company’s U.S. mortgage insurance business is based on the coverage percentage applied to the estimated current outstanding loan balance. The company considers insurance in force and risk in force to be measures of its operating performance because they represent measures of the size of its business at a specific date which will generate revenues and profits in a future period, rather than measures of its 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. 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.
 
10

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. Examples of forward-looking statements include statements the company makes relating to the transaction with China Oceanwide Holdings Group Co., Ltd. (Oceanwide) and the company’s discussions with regulators in connection therewith. 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 from those in the forward-looking statements 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 Oceanwide including: the company’s inability to complete the transaction in a timely manner or at all; the parties’ inability to obtain regulatory approvals, or the possibility that such regulatory approvals may further delay the transaction or will not be received prior to December 1, 2018 (and either or both of the parties may not be willing to further waive their end date termination rights beyond December 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 those conditions or measures that either or both of the parties may be unwilling to accept or undertake, as applicable); the risk that the parties will not be able to obtain other regulatory approvals, including approval of the Oceanwide transaction with no unstacking, a potential alternative funding structure or in connection with the current geo-political environment; the parties’ inability to obtain any necessary regulatory approvals for the post-closing capital plan; the risk that a closing condition of the transaction may not be satisfied; existing and potential legal proceedings may be instituted against the company in connection with the transaction 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; 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 Oceanwide a fee; the company’s ability to attract, recruit, retain and motivate current and prospective employees may be adversely affected; and disruptions and uncertainty relating to the transaction, whether or not it is completed, may harm the company’s relationships with its employees, customers, distributors, vendors or other business partners, and may result in a negative impact on the company’s business;	
 
 	•	 	strategic risks in the event the proposed transaction with Oceanwide is not consummated including: the company’s inability to successfully execute alternative strategic plans to effectively address its current business challenges (including with respect to its U.S. life insurance businesses, debt obligations, cost savings, ratings and capital); the company’s ability 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; failure to obtain any required regulatory, stockholder and/or noteholder approvals or consents for such alternative strategic plans, or the company’s challenges changing or being more costly or difficult to successfully address than currently anticipated or the benefits achieved being less than anticipated; inability to achieve anticipated cost-savings in a timely manner; and adverse tax or accounting charges; and the company’s ability to increase the capital needed in its businesses in a timely manner and on anticipated terms, including through improved business performance, reinsurance or similar transactions, asset sales, securities offerings or otherwise, in each case as and when required;	
 
 	•	 	risks relating to estimates, assumptions and valuations including: 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, including the long term care	
 
11

 	insurance claim reserves review the company plans to complete in the fourth quarter of 2018 that will include a review of assumptions, which will consider, among other things, the pressures resulting from claims utilization developments of policyholders); 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 in the fourth quarter of 2018, including risks that additional information obtained in finalizing its claims and margin reviews in the fourth quarter of 2018 or other changes to assumptions or methodologies materially affect the impact on margins; 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, including reviews it expects to complete and carry out in the fourth quarter of 2018); 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 the outcome of its annual review of the premium earnings pattern for its mortgage insurance business in Australia (which it expects to carry out in the fourth quarter of 2018); and changes in valuation of fixed maturity and equity securities;	
 
 	•	 	risks relating to economic, market and political conditions including: downturns and volatility in global economies and equity and credit markets; interest rates and changes in rates (particularly given the historically low interest rate environment) have adversely impacted, and may continue to materially adversely impact, the company’s business and profitability; deterioration in economic conditions or a decline in home prices that adversely affect the company’s loss experience in mortgage insurance; political and economic instability or changes in government policies; and fluctuations in foreign currency exchange rates and international securities markets;	
 
 	•	 	regulatory and legal risks including: extensive regulation of the company’s businesses and changes in applicable laws and regulations (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 continue to 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; changes in tax laws; 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 ability to obtain further financing under an additional secured term loan or credit facility); 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	
 
12

 	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; competition, including 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; failure to sufficiently increase new sales for the company’s long term care insurance products; availability, affordability and adequacy of reinsurance to protect the company against losses; inability to realize anticipated benefits of the company’s rescissions, curtailments, loan modifications or other similar programs in its mortgage insurance businesses; premiums for the significant portion of the company’s mortgage insurance risk in force with high loan-to-value ratios may not be sufficient to compensate the company for the greater risks associated with those policies; decreases in the volume of high loan-to-value mortgage originations or increases in mortgage insurance cancellations; increases in the use of alternatives to private mortgage insurance and reductions in the level of coverage selected; potential liabilities in connection with the company’s U.S. contract underwriting services; and medical advances, such as genetic research and diagnostic imaging, and related legislation that impact policyholder behavior in ways adverse to the company;	
 
 	•	 	other risks including: occurrence of natural or man-made disasters or a pandemic; impairments of or valuation allowances against the company’s deferred tax assets; the possibility that in certain circumstances the company will be obligated to make payments to General Electric Company (GE) under the tax matters agreement with GE even if its corresponding tax savings are never realized and payments could be accelerated in the event of certain changes in control; and provisions of the company’s certificate of incorporation and bylaws and the tax matters agreement with GE may discourage takeover attempts and business combinations that stockholders might consider in their best interests; and	
 
 	•	 	risks relating to the company’s common stock including: the continued suspension of payment of dividends; and stock price fluctuations.	
 
13

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	
 
14

Condensed Consolidated Statements of Income
(Amounts in millions, except per share amounts)
(Unaudited)

 	  	Three months ended
September 30,	 	 	Three months ended
June 30,	 	
 	  	2018	 	  	2017	 	 	2018	 	
Revenues:	  				  				 				
Premiums	  	$	1,122		  	$	1,135		 	$	1,136		
Net investment income	  	 	815		  	 	797		 	 	828		
Net investment gains (losses)	  	 	13		  	 	85		 	 	(14	) 	
Policy fees and other income	  	 	193		  	 	198		 	 	209		
	  	 	 	 	  	 	 	 	 	 	 	 	
Total revenues	  	 	2,143		  	 	2,215		 	 	2,159		
	  	 	 	 	  	 	 	 	 	 	 	 	
Benefits and expenses:	  				  				 				
Benefits and other changes in policy reserves	  	 	1,321		  	 	1,344		 	 	1,205		
Interest credited	  	 	151		  	 	164		 	 	152		
Acquisition and operating expenses, net of deferrals	  	 	243		  	 	265		 	 	253		
Amortization of deferred acquisition costs and intangibles	  	 	83		  	 	83		 	 	112		
Interest expense	  	 	72		  	 	73		 	 	77		
	  	 	 	 	  	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,870		  	 	1,929		 	 	1,799		
	  	 	 	 	  	 	 	 	 	 	 	 	
Income from continuing operations before income taxes	  	 	273		  	 	286		 	 	360		
Provision for income taxes	  	 	63		  	 	102		 	 	111		
	  	 	 	 	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	210		  	 	184		 	 	249		
Loss from discontinued operations, net of taxes	  	 	—  		  	 	(9	) 	 	 	—  		
	  	 	 	 	  	 	 	 	 	 	 	 	
Net income	  	 	210		  	 	175		 	 	249		
Less: net income attributable to noncontrolling interests	  	 	64		  	 	68		 	 	59		
	  	 	 	 	  	 	 	 	 	 	 	 	
Net income available to Genworth Financial, Inc.’s common stockholders	  	$	146		  	$	107		 	$	190		
	  	 	 	 	  	 	 	 	 	 	 	 	
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per share:	  				  				 				
Basic	  	$	0.29		  	$	0.23		 	$	0.38		
	  	 	 	 	  	 	 	 	 	 	 	 	
Diluted	  	$	0.29		  	$	0.23		 	$	0.38		
	  	 	 	 	  	 	 	 	 	 	 	 	
Net income available to Genworth Financial, Inc.’s common stockholders per share:	  				  				 				
Basic	  	$	0.29		  	$	0.21		 	$	0.38		
	  	 	 	 	  	 	 	 	 	 	 	 	
Diluted	  	$	0.29		  	$	0.21		 	$	0.38		
	  	 	 	 	  	 	 	 	 	 	 	 	
Weighted-average common shares outstanding:	  				  				 				
Basic	  	 	500.7		  	 	499.1		 	 	500.6		
	  	 	 	 	  	 	 	 	 	 	 	 	
Diluted	  	 	503.3		  	 	501.6		 	 	502.6		

15

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

 	  	Three months ended
September 30,	 	 	Three months ended
June 30,	 	
 	  	2018	 	 	2017	 	 	2018	 	
Net income available to Genworth Financial, Inc.’s common stockholders	  	$	146		 	$	107		 	$	190	 	
Add: net income attributable to noncontrolling interests	  	 	64		 	 	68		 	 	59	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net income	  	 	210		 	 	175		 	 	249	 	
Loss from discontinued operations, net of taxes	  	 	—  		 	 	(9	) 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations	  	 	210		 	 	184		 	 	249	 	
Less: income from continuing operations attributable to noncontrolling interests	  	 	64		 	 	68		 	 	59	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders	  	 	146		 	 	116		 	 	190	 	
Adjustments to income from continuing operations available to Genworth Financial, Inc.’s common stockholders:	  				 				 				
Net investment (gains) losses, net 9	  	 	(3	) 	 	 	(62	) 	 	 	12	 	
Expenses related to restructuring	  	 	2		 	 	1		 	 	—  	 	
Taxes on adjustments	  	 	—  		 	 	21		 	 	(2	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income	  	$	145		 	$	76		 	$	200	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income (loss):	  				 				 				
U.S. Mortgage Insurance segment	  	$	118		 	$	73		 	$	137	 	
Canada Mortgage Insurance segment	  	 	44		 	 	37		 	 	46	 	
Australia Mortgage Insurance segment	  	 	17		 	 	12		 	 	22	 	
U.S. Life Insurance segment:	  				 				 				
Long Term Care Insurance	  	 	(24	) 	 	 	(5	) 	 	 	22	 	
Life Insurance	  	 	(2	) 	 	 	(9	) 	 	 	4	 	
Fixed Annuities	  	 	23		 	 	13		 	 	31	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	(3	) 	 	 	(1	) 	 	 	57	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Runoff segment	  	 	14		 	 	13		 	 	13	 	
Corporate and Other	  	 	(45	) 	 	 	(58	) 	 	 	(75	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income	  	$	145		 	$	76		 	$	200	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net income available to Genworth Financial, Inc.’s common stockholders per share:	  				 				 				
Basic	  	$	0.29		 	$	0.21		 	$	0.38	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	0.29		 	$	0.21		 	$	0.38	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Adjusted operating income per share:	  				 				 				
Basic	  	$	0.29		 	$	0.15		 	$	0.40	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	0.29		 	$	0.15		 	$	0.40	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average common shares outstanding:	  				 				 				
Basic	  	 	500.7		 	 	499.1		 	 	500.6	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	 	503.3		 	 	501.6		 	 	502.6	 	

9  	For the three months ended September 30, 2018 and 2017 and the three months ended June 30, 2018, net investment gains (losses) were adjusted for DAC and intangible assets amortization and certain benefit reserves of $(3) million, zero and $(1) million, respectively, and adjusted for net investment gains (losses) attributable to noncontrolling interests of $13 million, $23 million and $(1) million, respectively.	
 
16

Condensed Consolidated Balance Sheets
(Amounts in millions)

 	  	September 30,
2018	 	 	December 31,
2017	 	
 	  	(Unaudited)	 	 	 	 	
Assets	  				 				
Cash, cash equivalents, restricted cash and invested assets	  	$	73,217		 	$	76,911		
Deferred acquisition costs	  	 	3,336		 	 	2,329		
Intangible assets and goodwill	  	 	355		 	 	301		
Reinsurance recoverable	  	 	17,351		 	 	17,569		
Deferred tax and other assets	  	 	1,117		 	 	957		
Separate account assets	  	 	6,745		 	 	7,230		
	  	 	 	 	 	 	 	 	
Total assets	  	$	102,121		 	$	105,297		
	  	 	 	 	 	 	 	 	
Liabilities and equity	  				 				
Liabilities:	  				 				
Future policy benefits	  	$	38,018		 	$	38,472		
Policyholder account balances	  	 	22,993		 	 	24,195		
Liability for policy and contract claims	  	 	9,844		 	 	9,594		
Unearned premiums	  	 	3,668		 	 	3,967		
Deferred tax and other liabilities	  	 	1,851		 	 	1,937		
Borrowings related to securitization entities	  	 	20		 	 	40		
Non-recourse funding obligations	  	 	310		 	 	310		
Long-term borrowings	  	 	4,051		 	 	4,224		
Separate account liabilities	  	 	6,745		 	 	7,230		
	  	 	 	 	 	 	 	 	
Total liabilities	  	 	87,500		 	 	89,969		
	  	 	 	 	 	 	 	 	
Equity:	  				 				
Common stock	  	 	1		 	 	1		
Additional paid-in capital	  	 	11,983		 	 	11,977		
	  	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  				 				
Net unrealized investment gains (losses):	  				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	598		 	 	1,075		
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	10		 	 	10		
	  	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	608		 	 	1,085		
	  	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	1,717		 	 	2,065		
Foreign currency translation and other adjustments	  	 	(258	) 	 	 	(123	) 	
	  	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)	  	 	2,067		 	 	3,027		
Retained earnings	  	 	1,447		 	 	1,113		
Treasury stock, at cost	  	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	12,798		 	 	13,418		
Noncontrolling interests	  	 	1,823		 	 	1,910		
	  	 	 	 	 	 	 	 	
Total equity	  	 	14,621		 	 	15,328		
	  	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	102,121		 	$	105,297		

17

Impact of Foreign Exchange on Adjusted Operating Income And Flow New Insurance Written 10
Three months ended September 30, 2018

 	  	Percentages
Including
Foreign
Exchange	 	 	Percentages
Excluding
Foreign
Exchange 11	 	
Canada Mortgage Insurance (MI):	  				 				
Adjusted operating income	  	 	19 	% 	 	 	22 	% 	
Flow new insurance written	  	 	(5	)% 	 	 	(2	)% 	
Flow new insurance written (3Q18 vs. 2Q18)	  	 	14 	% 	 	 	16 	% 	
Australia MI:	  				 				
Adjusted operating income	  	 	42 	% 	 	 	50 	% 	
Flow new insurance written	  	 	3 	% 	 	 	8 	% 	
Flow new insurance written (3Q18 vs. 2Q18)	  	 	3 	% 	 	 	5 	% 	

10  	All percentages are comparing the third quarter of 2018 to the third quarter of 2017 unless otherwise stated.	
11  	The impact of foreign exchange was calculated using the comparable prior period exchange rates.	
 
18

Reconciliation of Core Yield to Reported Yield

	(Assets – amounts in billions)	  	Three months
ended
September 30,
2018	 	
Reported Total Invested Assets and Cash	  	$	72.6	 		
Subtract:	  					
Securities lending	  	 	0.2	 		
Unrealized gains (losses)	  	 	2.2	 		
	  	 	 	 		
Adjusted end of period invested assets and cash	  	$	70.2	 		
	  	 	 	 		
Average Invested Assets and Cash Used in Reported Yield Calculation	  	$	70.2	 		
Subtract:	  					
Restricted commercial mortgage loans related to securitization entities 12	  	 	—  	 		
	  	 	 	 		
Average Invested Assets and Cash Used in Core Yield Calculation	  	$	70.2	 		
	  	 	 	 		
(Income – amounts in millions)	  					
Reported Net Investment Income	  	$	815	 		
Subtract:	  					
Bond calls and commercial mortgage loan prepayments	  	 	8	 		
Other non-core items 13	  	 	1	 		
Restricted commercial mortgage loans related to securitization entities 12	  	 	1	 		
	  	 	 	 		
Core Net Investment Income	  	$	805	 		
	  	 	 	 		
Reported Yield	  	 	4.64	% 		
	  	 	 	 		
Core Yield	  	 	4.59	% 		

12  	Represents the incremental assets and investment income related to restricted commercial mortgage loans.	
13  	Includes cost basis adjustments on structured securities and various other immaterial items.	
 
19

Table of Contents
Exhibit 99.2

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018

	 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 by Quarter	  	 	8	 		
Reconciliation of Net Income to Adjusted Operating Income	  	 	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)—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 U.S. 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 (U.S. 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.
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Dear Investor,
Thank you for your continued interest in Genworth Financial.
Regards,
Investor Relations
InvestorInfo@genworth.com
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 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 U.S. 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 U.S. GAAP. In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies.
On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) was signed into law. The TCJA reduced the U.S. corporate federal income tax rate to 21% effective for taxable years beginning on January 1, 2018. Therefore, beginning in the first quarter of 2018, the company assumed a tax rate of 21% on certain adjustments to reconcile net income available to Genworth Financial, Inc.’s common stockholders and adjusted operating income (unless otherwise indicated). In the prior year, the company assumed a tax rate of 35%, the previous U.S. corporate federal income tax rate prior to the enactment of the TCJA, on certain adjustments to reconcile net income available to Genworth Financial, Inc.’s common stockholders and adjusted operating income. These adjustments are also net of the portion attributable to noncontrolling interests and net investment gains (losses) are adjusted for DAC and other intangible amortization and certain benefit reserves (see page 46).
The company recorded a pre-tax expense of $2 million in the third quarter of 2018 and $1 million in the third and first quarters of 2017 related to restructuring costs as it continues to evaluate and appropriately size its organizational needs and expenses. There were no infrequent or unusual items excluded from adjusted operating income (loss) during the periods presented.
The table on page 9 of this financial supplement provides a reconciliation of net income available to Genworth Financial, Inc.’s common stockholders to adjusted operating income 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.
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 
 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 available to Genworth Financial, Inc.'s common stockholders to adjusted operating income for the periods presented and reflects adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting.
On December 22, 2017, the TCJA was signed into law. The TCJA reduced the U.S. corporate federal income tax rate to 21% effective for taxable years beginning on January 1, 2018 and migrated the worldwide tax system to a territorial international tax system. Therefore, beginning on January 1, 2018 the company taxed its international businesses at their local statutory tax rates and its domestic businesses at the new enacted tax rate of 21%. The company allocates its consolidated provision for income taxes to its operating segments. The allocation methodology applies a specific tax rate to the pre-tax income (loss) of each segment, which is then adjusted in each segment to reflect the tax attributes of items unique to that segment such as foreign income. The difference between the consolidated provision for income taxes and the sum of the provision for income taxes in each segment is reflected in Corporate and Other activities.
The annually-determined tax rates and adjustments to each segment’s provision for income taxes are estimates which are subject to review and could change from year to year.
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 business generated in a period. Sales refer to new insurance written for mortgage insurance. The company considers new insurance written to be a measure of the company’s operating performance because it represents a measure of new sales of insurance policies 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.
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018

 Financial Highlights
(amounts in millions, except per share data)

	Balance Sheet Data	  	September 30,
2018	 	 	June 30,
2018	 	 	March 31,
2018	 	 	December 31,
2017	 	 	September 30,
2017	 	
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	  	$	10,731	 	 	$	10,583	 	 	$	10,391	 	 	$	10,391	 	 	$	10,034	 		
Total accumulated other comprehensive income	  	 	2,067	 	 	 	2,327	 	 	 	2,627	 	 	 	3,027	 	 	 	3,035	 		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Total Genworth Financial, Inc.’s stockholders’ equity	  	$	12,798	 	 	$	12,910	 	 	$	13,018	 	 	$	13,418	 	 	$	13,069	 		
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Book value per share	  	$	25.56	 	 	$	25.78	 	 	$	26.00	 	 	$	26.88	 	 	$	26.19	 		
Book value per share, excluding accumulated other comprehensive income	  	$	21.43	 	 	$	21.14	 	 	$	20.76	 	 	$	20.82	 	 	$	20.10	 		
Common shares outstanding as of the balance sheet date	  	 	500.8	 	 	 	500.7	 	 	 	500.6	 	 	 	499.2	 	 	 	499.1	 		
			
 	  	Twelve months ended	 		
	Twelve Month Rolling Average ROE	  	September 30,
2018	 	 	June 30,
2018	 	 	March 31,
2018	 	 	December 31,
2017	 	 	September 30,
2017	 	
U.S. GAAP Basis ROE	  	 	7.7	% 	 	 	7.4	% 	 	 	7.7	% 	 	 	8.2	% 	 	 	3.5	% 		
Operating ROE (1)	  	 	7.6	% 	 	 	7.1	% 	 	 	6.7	% 	 	 	7.0	% 	 	 	2.4	% 		
			
 	  	Three months ended	 		
	Quarterly Average ROE	  	September 30,
2018	 	 	June 30,
2018	 	 	March 31,
2018	 	 	December 31,
2017	 	 	September 30,
2017	 	
U.S. GAAP Basis ROE	  	 	5.5	% 	 	 	7.2	% 	 	 	4.3	% 	 	 	13.8	% 	 	 	4.3	% 		
Operating ROE (1)	  	 	5.4	% 	 	 	7.6	% 	 	 	4.8	% 	 	 	12.8	% 	 	 	3.0	% 		

	Basic and Diluted Shares	  	Three months ended
September 30, 2018	 	  	Nine months ended
September 30, 2018	 	
Weighted-average common shares used in basic earnings per share calculations	  	 	500.7	 	  	 	500.3	 		
Potentially dilutive securities:	  				  					
Stock options, restricted stock units and stock appreciation rights	  	 	2.6	 	  	 	2.6	 		
	  	 	 	 	  	 	 	 		
Weighted-average common shares used in diluted earnings per share calculations	  	 	503.3	 	  	 	502.9	 		

(1)  	See page 48 herein for a reconciliation of U.S. GAAP Basis ROE to Operating ROE.	
 
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Consolidated Quarterly Results
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Consolidated Net Income by Quarter
(amounts in millions, except per share amounts)

 	  	2018	 	 	2017	 	
 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				  				  				
Premiums	  	$	1,122	 	 	$	1,136	 	 	$	1,140	 	 	$	3,398	 	 	$	622	 	 	$	1,135	 	 	$	1,111	 	  	$	1,136	 	  	$	4,004	 	
Net investment income	  	 	815	 	 	 	828	 	 	 	804	 	 	 	2,447	 	 	 	812	 	 	 	797	 	 	 	801	 	  	 	790	 	  	 	3,200	 	
Net investment gains (losses)	  	 	13	 	 	 	(14	) 	 	 	(31	) 	 	 	(32	) 	 	 	45	 	 	 	85	 	 	 	101	 	  	 	34	 	  	 	265	 	
Policy fees and other income	  	 	193	 	 	 	209	 	 	 	202	 	 	 	604	 	 	 	207	 	 	 	198	 	 	 	210	 	  	 	211	 	  	 	826	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	2,143	 	 	 	2,159	 	 	 	2,115	 	 	 	6,417	 	 	 	1,686	 	 	 	2,215	 	 	 	2,223	 	  	 	2,171	 	  	 	8,295	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				  				  				
Benefits and other changes in policy reserves	  	 	1,321	 	 	 	1,205	 	 	 	1,311	 	 	 	3,837	 	 	 	1,383	 	 	 	1,344	 	 	 	1,206	 	  	 	1,246	 	  	 	5,179	 	
Interest credited	  	 	151	 	 	 	152	 	 	 	156	 	 	 	459	 	 	 	152	 	 	 	164	 	 	 	163	 	  	 	167	 	  	 	646	 	
Acquisition and operating expenses, net of deferrals	  	 	243	 	 	 	253	 	 	 	240	 	 	 	736	 	 	 	247	 	 	 	265	 	 	 	240	 	  	 	270	 	  	 	1,022	 	
Amortization of deferred acquisition costs and intangibles	  	 	83	 	 	 	112	 	 	 	104	 	 	 	299	 	 	 	119	 	 	 	83	 	 	 	139	 	  	 	94	 	  	 	435	 	
Interest expense	  	 	72	 	 	 	77	 	 	 	76	 	 	 	225	 	 	 	75	 	 	 	73	 	 	 	74	 	  	 	62	 	  	 	284	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	1,870	 	 	 	1,799	 	 	 	1,887	 	 	 	5,556	 	 	 	1,976	 	 	 	1,929	 	 	 	1,822	 	  	 	1,839	 	  	 	7,566	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	273	 	 	 	360	 	 	 	228	 	 	 	861	 	 	 	(290	) 	 	 	286	 	 	 	401	 	  	 	332	 	  	 	729	 	
Provision (benefit) for income taxes	  	 	63	 	 	 	111	 	 	 	63	 	 	 	237	 	 	 	(555	) 	 	 	102	 	 	 	130	 	  	 	116	 	  	 	(207	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	210	 	 	 	249	 	 	 	165	 	 	 	624	 	 	 	265	 	 	 	184	 	 	 	271	 	  	 	216	 	  	 	936	 	
Loss from discontinued operations, net of taxes (1)	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(9	) 	 	 	—  	 	  	 	—  	 	  	 	(9	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
NET INCOME	  	 	210	 	 	 	249	 	 	 	165	 	 	 	624	 	 	 	265	 	 	 	175	 	 	 	271	 	  	 	216	 	  	 	927	 	
Less: net income (loss) attributable to noncontrolling interests	  	 	64	 	 	 	59	 	 	 	53	 	 	 	176	 	 	 	(88	) 	 	 	68	 	 	 	69	 	  	 	61	 	  	 	110	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	$	146	 	 	$	190	 	 	$	112	 	 	$	448	 	 	$	353	 	 	$	107	 	 	$	202	 	  	$	155	 	  	$	817	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
Earnings Per Share Data:	  	 	 	 	 				 				 				 				 				 				  				  				
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per share	  				 				 				 				 				 				 				  				  				
Basic	  	$	0.29	 	 	$	0.38	 	 	$	0.22	 	 	$	0.89	 	 	$	0.71	 	 	$	0.23	 	 	$	0.40	 	  	$	0.31	 	  	$	1.66	 	
Diluted	  	$	0.29	 	 	$	0.38	 	 	$	0.22	 	 	$	0.89	 	 	$	0.70	 	 	$	0.23	 	 	$	0.40	 	  	$	0.31	 	  	$	1.65	 	
Net income available to Genworth Financial, Inc.’s common stockholders per share	  				 				 				 				 				 				 				  				  				
Basic	  	$	0.29	 	 	$	0.38	 	 	$	0.22	 	 	$	0.89	 	 	$	0.71	 	 	$	0.21	 	 	$	0.40	 	  	$	0.31	 	  	$	1.64	 	
Diluted	  	$	0.29	 	 	$	0.38	 	 	$	0.22	 	 	$	0.89	 	 	$	0.70	 	 	$	0.21	 	 	$	0.40	 	  	$	0.31	 	  	$	1.63	 	
Weighted-average common shares outstanding	  				 				 				 				 				 				 				  				  				
Basic	  	 	500.7	 	 	 	500.6	 	 	 	499.6	 	 	 	500.3	 	 	 	499.2	 	 	 	499.1	 	 	 	499.0	 	  	 	498.6	 	  	 	499.0	 	
Diluted	  	 	503.3	 	 	 	502.6	 	 	 	502.7	 	 	 	502.9	 	 	 	502.1	 	 	 	501.6	 	 	 	501.2	 	  	 	501.0	 	  	 	501.4	 	

(1)  	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.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Reconciliation of Net Income to Adjusted Operating Income
(amounts in millions, except per share amounts)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	$	146	 	  	$	190	 	 	$	112	 	 	$	448	 	 	$	353	 	 	$	107	 	 	$	202	 	 	$	155	 	 	$	817	 	
Add: net income (loss) attributable to noncontrolling interests	  	 	64	 	  	 	59	 	 	 	53	 	 	 	176	 	 	 	(88	) 	 	 	68	 	 	 	69	 	 	 	61	 	 	 	110	 	
 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME	  	 	210	 	  	 	249	 	 	 	165	 	 	 	624	 	 	 	265	 	 	 	175	 	 	 	271	 	 	 	216	 	 	 	927	 	
Loss from discontinued operations, net of taxes	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(9	) 	 	 	—  	 	 	 	—  	 	 	 	(9	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	210	 	  	 	249	 	 	 	165	 	 	 	624	 	 	 	265	 	 	 	184	 	 	 	271	 	 	 	216	 	 	 	936	 	
Less: income (loss) from continuing operations attributable to noncontrolling interests	  	 	64	 	  	 	59	 	 	 	53	 	 	 	176	 	 	 	(88	) 	 	 	68	 	 	 	69	 	 	 	61	 	 	 	110	 	
 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	146	 	  	 	190	 	 	 	112	 	 	 	448	 	 	 	353	 	 	 	116	 	 	 	202	 	 	 	155	 	 	 	826	 	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	  	 	(3	) 	  	 	12	 	 	 	17	 	 	 	26	 	 	 	(41	) 	 	 	(62	) 	 	 	(79	) 	 	 	(20	) 	 	 	(202	) 	
Expenses related to restructuring	  	 	2	 	  	 	—  	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	2	 	
Taxes on adjustments	  	 	—  	 	  	 	(2	) 	 	 	(4	) 	 	 	(6	) 	 	 	14	 	 	 	21	 	 	 	28	 	 	 	7	 	 	 	70	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME	  	$	145	 	  	$	200	 	 	$	125	 	 	$	470	 	 	$	326	 	 	$	76	 	 	$	151	 	 	$	143	 	 	$	696	 	

ADJUSTED OPERATING INCOME (LOSS):	  			 	  				 				 				 				 				 				 				 				
U.S. Mortgage Insurance segment	  	$	118	 	  	$	137	 	 	$	111	 	 	$	366	 	 	$	74	 	 	$	73	 	 	$	91	 	 	$	73	 	 	$	311	 	
Canada Mortgage Insurance segment	  	 	44	 	  	 	46	 	 	 	49	 	 	 	139	 	 	 	43	 	 	 	37	 	 	 	41	 	 	 	36	 	 	 	157	 	
Australia Mortgage Insurance segment	  	 	17	 	  	 	22	 	 	 	19	 	 	 	58	 	 	 	(125	) 	 	 	12	 	 	 	12	 	 	 	13	 	 	 	(88	) 	
U.S. Life Insurance segment:	  			 	  				 				 				 				 				 				 				 				
Long-Term Care Insurance	  	 	(24	) 	  	 	22	 	 	 	(32	) 	 	 	(34	) 	 	 	17	 	 	 	(5	) 	 	 	33	 	 	 	14	 	 	 	59	 	
Life Insurance	  	 	(2	) 	  	 	4	 	 	 	(1	) 	 	 	1	 	 	 	(85	) 	 	 	(9	) 	 	 	(1	) 	 	 	16	 	 	 	(79	) 	
Fixed Annuities	  	 	23	 	  	 	31	 	 	 	28	 	 	 	82	 	 	 	(1	) 	 	 	13	 	 	 	7	 	 	 	23	 	 	 	42	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	(3	) 	  	 	57	 	 	 	(5	) 	 	 	49	 	 	 	(69	) 	 	 	(1	) 	 	 	39	 	 	 	53	 	 	 	22	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Runoff segment	  	 	14	 	  	 	13	 	 	 	10	 	 	 	37	 	 	 	13	 	 	 	13	 	 	 	11	 	 	 	14	 	 	 	51	 	
Corporate and Other	  	 	(45	) 	  	 	(75	) 	 	 	(59	) 	 	 	(179	) 	 	 	390	 	 	 	(58	) 	 	 	(43	) 	 	 	(46	) 	 	 	243	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME	  	$	145	 	  	$	200	 	 	$	125	 	 	$	470	 	 	$	326	 	 	$	76	 	 	$	151	 	 	$	143	 	 	$	696	 	

Earnings Per Share Data:	  				  				 				 				 				 				 				 				 				
Net income available to Genworth Financial, Inc.’s common stockholders per share	  				  				 				 				 				 				 				 				 				
Basic	  	$	0.29	 	  	$	0.38	 	 	$	0.22	 	 	$	0.89	 	 	$	0.71	 	 	$	0.21	 	 	$	0.40	 	 	$	0.31	 	 	$	1.64	 	
Diluted	  	$	0.29	 	  	$	0.38	 	 	$	0.22	 	 	$	0.89	 	 	$	0.70	 	 	$	0.21	 	 	$	0.40	 	 	$	0.31	 	 	$	1.63	 	
Adjusted operating income per share	  				  				 				 				 				 				 				 				 				
Basic	  	$	0.29	 	  	$	0.40	 	 	$	0.25	 	 	$	0.94	 	 	$	0.65	 	 	$	0.15	 	 	$	0.30	 	 	$	0.29	 	 	$	1.40	 	
Diluted	  	$	0.29	 	  	$	0.40	 	 	$	0.25	 	 	$	0.93	 	 	$	0.65	 	 	$	0.15	 	 	$	0.30	 	 	$	0.29	 	 	$	1.39	 	
Weighted-average common shares outstanding	  				  				 				 				 				 				 				 				 				
Basic	  	 	500.7	 	  	 	500.6	 	 	 	499.6	 	 	 	500.3	 	 	 	499.2	 	 	 	499.1	 	 	 	499.0	 	 	 	498.6	 	 	 	499.0	 	
Diluted	  	 	503.3	 	  	 	502.6	 	 	 	502.7	 	 	 	502.9	 	 	 	502.1	 	 	 	501.6	 	 	 	501.2	 	 	 	501.0	 	 	 	501.4	 	

(1)  	Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests and DAC and other intangible amortization and certain benefit reserves (see page 46 for reconciliation).	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Consolidated Balance Sheets
(amounts in millions)

 	 	September 30, 
2018	 	  	June 30,
2018	 	  	March 31,
2018	 	  	December 31,
2017	 	  	September 30,
2017	 	
ASSETS	 			 	  				  				  				  				
Investments:	 			 	  				  				  				  				
Fixed maturity securities available-for-sale, at fair value	 	$	59,404	 	  	$	60,032	 	  	$	61,080	 	  	$	62,525	 	  	$	62,552	 	
Equity securities, at fair value	 	 	783	 	  	 	758	 	  	 	799	 	  	 	820	 	  	 	765	 	
Commercial mortgage loans	 	 	6,568	 	  	 	6,480	 	  	 	6,336	 	  	 	6,341	 	  	 	6,268	 	
Restricted commercial mortgage loans related to securitization entities	 	 	87	 	  	 	90	 	  	 	99	 	  	 	107	 	  	 	111	 	
Policy loans	 	 	1,859	 	  	 	1,872	 	  	 	1,789	 	  	 	1,786	 	  	 	1,818	 	
Other invested assets	 	 	1,354	 	  	 	1,650	 	  	 	1,674	 	  	 	1,813	 	  	 	1,590	 	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total investments	 	 	70,055	 	  	 	70,882	 	  	 	71,777	 	  	 	73,392	 	  	 	73,104	 	
Cash, cash equivalents and restricted cash	 	 	2,505	 	  	 	2,243	 	  	 	2,843	 	  	 	2,875	 	  	 	2,836	 	
Accrued investment income	 	 	657	 	  	 	602	 	  	 	698	 	  	 	644	 	  	 	639	 	
Deferred acquisition costs	 	 	3,336	 	  	 	3,086	 	  	 	2,699	 	  	 	2,329	 	  	 	2,342	 	
Intangible assets and goodwill	 	 	355	 	  	 	354	 	  	 	339	 	  	 	301	 	  	 	315	 	
Reinsurance recoverable	 	 	17,351	 	  	 	17,385	 	  	 	17,482	 	  	 	17,569	 	  	 	17,553	 	
Other assets	 	 	467	 	  	 	574	 	  	 	431	 	  	 	453	 	  	 	552	 	
Deferred tax asset	 	 	650	 	  	 	601	 	  	 	602	 	  	 	504	 	  	 	24	 	
Separate account assets	 	 	6,745	 	  	 	6,750	 	  	 	6,902	 	  	 	7,230	 	  	 	7,264	 	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total assets	 	$	102,121	 	  	$	102,477	 	  	$	103,773	 	  	$	105,297	 	  	$	104,629	 	

 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Consolidated Balance Sheets
(amounts in millions)

 	 	September 30,
2018	 	  	June 30,
2018	 	 	March
31, 2018	 	 	December 31,
2017	 	 	September 30,
2017	 	
LIABILITIES AND EQUITY	 			 	  				 				 				 				
Liabilities:	 			 	  				 				 				 				
Future policy benefits	 	$	38,018	 	  	$	37,913	 	 	$	37,946	 	 	$	38,472	 	 	$	38,022	 	
Policyholder account balances	 	 	22,993	 	  	 	23,366	 	 	 	23,751	 	 	 	24,195	 	 	 	24,531	 	
Liability for policy and contract claims	 	 	9,844	 	  	 	9,665	 	 	 	9,651	 	 	 	9,594	 	 	 	9,384	 	
Unearned premiums	 	 	3,668	 	  	 	3,669	 	 	 	3,797	 	 	 	3,967	 	 	 	3,512	 	
Other liabilities	 	 	1,830	 	  	 	1,965	 	 	 	1,841	 	 	 	1,910	 	 	 	2,002	 	
Borrowings related to securitization entities	 	 	20	 	  	 	28	 	 	 	32	 	 	 	40	 	 	 	59	 	
Non-recourse funding obligations	 	 	310	 	  	 	310	 	 	 	310	 	 	 	310	 	 	 	310	 	
Long-term borrowings	 	 	4,051	 	  	 	4,047	 	 	 	4,654	 	 	 	4,224	 	 	 	4,224	 	
Deferred tax liability	 	 	21	 	  	 	23	 	 	 	27	 	 	 	27	 	 	 	234	 	
Separate account liabilities	 	 	6,745	 	  	 	6,750	 	 	 	6,902	 	 	 	7,230	 	 	 	7,264	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	87,500	 	  	 	87,736	 	 	 	88,911	 	 	 	89,969	 	 	 	89,542	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	 			 	  				 				 				 				
Common stock	 	 	1	 	  	 	1	 	 	 	1	 	 	 	1	 	 	 	1	 	
Additional paid-in capital	 	 	11,983	 	  	 	11,981	 	 	 	11,979	 	 	 	11,977	 	 	 	11,973	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	 			 	  				 				 				 				
Net unrealized investment gains (losses):	 			 	  				 				 				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	 	 	598	 	  	 	726	 	 	 	905	 	 	 	1,075	 	 	 	1,098	 	
Net unrealized gains (losses) on other-than-temporarily impaired securities	 	 	10	 	  	 	10	 	 	 	12	 	 	 	10	 	 	 	10	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	 	 	608	 	  	 	736	 	 	 	917	 	 	 	1,085	 	 	 	1,108	 	
Derivatives qualifying as hedges	 	 	1,717	 	  	 	1,863	 	 	 	1,927	 	 	 	2,065	 	 	 	2,052	 	
Foreign currency translation and other adjustments	 	 	(258	) 	  	 	(272	) 	 	 	(217	) 	 	 	(123	) 	 	 	(125	) 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income	 	 	2,067	 	  	 	2,327	 	 	 	2,627	 	 	 	3,027	 	 	 	3,035	 	
Retained earnings	 	 	1,447	 	  	 	1,301	 	 	 	1,111	 	 	 	1,113	 	 	 	760	 	
Treasury stock, at cost	 	 	(2,700	) 	  	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	 	 	12,798	 	  	 	12,910	 	 	 	13,018	 	 	 	13,418	 	 	 	13,069	 	
Noncontrolling interests	 	 	1,823	 	  	 	1,831	 	 	 	1,844	 	 	 	1,910	 	 	 	2,018	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	 	 	14,621	 	  	 	14,741	 	 	 	14,862	 	 	 	15,328	 	 	 	15,087	 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	 	$	102,121	 	  	$	102,477	 	 	$	103,773	 	 	$	105,297	 	 	$	104,629	 	

 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Consolidated Balance Sheet by Segment
(amounts in millions)

 	 	September 30, 2018	 	
 	 	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	 	U.S. Life
Insurance	 	 	Runoff	 	 	Corporate and
Other (1) 	 	 	Total	 	
ASSETS	 				 				 				 				 				 				 				
Cash and investments	 	$	3,263	 	 	$	5,133	 	 	$	2,315	 	 	$	59,769	 	 	$	2,751	 	 	$	(14	) 	 	$	73,217	 	
Deferred acquisition costs and intangible assets	 	 	49	 	 	 	143	 	 	 	77	 	 	 	3,198	 	 	 	216	 	 	 	8	 	 	 	3,691	 	
Reinsurance recoverable	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	16,595	 	 	 	756	 	 	 	—  	 	 	 	17,351	 	
Deferred tax and other assets	 	 	101	 	 	 	51	 	 	 	154	 	 	 	140	 	 	 	33	 	 	 	638	 	 	 	1,117	 	
Separate account assets	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	6,745	 	 	 	—  	 	 	 	6,745	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	$	3,413	 	 	$	5,327	 	 	$	2,546	 	 	$	79,702	 	 	$	10,501	 	 	$	632	 	 	$	102,121	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	 				 				 				 				 				 				 				
Liabilities:	 				 				 				 				 				 				 				
Future policy benefits	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	38,016	 	 	$	2	 	 	$	—  	 	 	$	38,018	 	
Policyholder account balances	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	19,992	 	 	 	3,001	 	 	 	—  	 	 	 	22,993	 	
Liability for policy and contract claims	 	 	317	 	 	 	82	 	 	 	201	 	 	 	9,225	 	 	 	11	 	 	 	8	 	 	 	9,844	 	
Unearned premiums	 	 	422	 	 	 	1,627	 	 	 	1,089	 	 	 	526	 	 	 	4	 	 	 	—  	 	 	 	3,668	 	
Non-recourse funding obligations	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	310	 	 	 	—  	 	 	 	—  	 	 	 	310	 	
Deferred tax and other liabilities	 	 	58	 	 	 	198	 	 	 	148	 	 	 	645	 	 	 	41	 	 	 	761	 	 	 	1,851	 	
Borrowings and capital securities	 	 	—  	 	 	 	336	 	 	 	143	 	 	 	—  	 	 	 	—  	 	 	 	3,592	 	 	 	4,071	 	
Separate account liabilities	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	6,745	 	 	 	—  	 	 	 	6,745	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	797	 	 	 	2,243	 	 	 	1,581	 	 	 	68,714	 	 	 	9,804	 	 	 	4,361	 	 	 	87,500	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	 				 				 				 				 				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	 	 	2,646	 	 	 	1,977	 	 	 	434	 	 	 	8,664	 	 	 	701	 	 	 	(3,691	) 	 	 	10,731	 	
Allocated accumulated other comprehensive income (loss)	 	 	(30	) 	 	 	(225	) 	 	 	40	 	 	 	2,324	 	 	 	(4	) 	 	 	(38	) 	 	 	2,067	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	 	 	2,616	 	 	 	1,752	 	 	 	474	 	 	 	10,988	 	 	 	697	 	 	 	(3,729	) 	 	 	12,798	 	
Noncontrolling interests	 	 	—  	 	 	 	1,332	 	 	 	491	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1,823	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	 	 	2,616	 	 	 	3,084	 	 	 	965	 	 	 	10,988	 	 	 	697	 	 	 	(3,729	) 	 	 	14,621	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	 	$	3,413	 	 	$	5,327	 	 	$	2,546	 	 	$	79,702	 	 	$	10,501	 	 	$	632	 	 	$	102,121	 	

(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
THIRD QUARTER 2018
 Consolidated Balance Sheet by Segment
(amounts in millions)

 	 	June 30, 2018	 	
 	 	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	 	U.S. Life
Insurance	 	 	Runoff	 	 	Corporate  and
Other (1) 	 	 	Total	 	
ASSETS	 				 				 				 				 				 				 				
Cash and investments	 	$	3,195	 	 	$	4,992	 	 	$	2,443	 	 	$	60,167	 	 	$	2,695	 	 	$	235	 	 	$	73,727	 	
Deferred acquisition costs and intangible assets	 	 	47	 	 	 	138	 	 	 	84	 	 	 	2,942	 	 	 	221	 	 	 	8	 	 	 	3,440	 	
Reinsurance recoverable	 	 	—  	 	 	 	—  	 	 	 	2	 	 	 	16,614	 	 	 	769	 	 	 	—  	 	 	 	17,385	 	
Deferred tax and other assets	 	 	151	 	 	 	125	 	 	 	167	 	 	 	202	 	 	 	37	 	 	 	493	 	 	 	1,175	 	
Separate account assets	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	6,750	 	 	 	—  	 	 	 	6,750	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	$	3,393	 	 	$	5,255	 	 	$	2,696	 	 	$	79,925	 	 	$	10,472	 	 	$	736	 	 	$	102,477	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	 				 				 				 				 				 				 				
Liabilities:	 				 				 				 				 				 				 				
Future policy benefits	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	37,911	 	 	$	2	 	 	$	—  	 	 	$	37,913	 	
Policyholder account balances	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	20,384	 	 	 	2,982	 	 	 	—  	 	 	 	23,366	 	
Liability for policy and contract claims	 	 	352	 	 	 	83	 	 	 	206	 	 	 	9,008	 	 	 	9	 	 	 	7	 	 	 	9,665	 	
Unearned premiums	 	 	418	 	 	 	1,576	 	 	 	1,146	 	 	 	524	 	 	 	5	 	 	 	—  	 	 	 	3,669	 	
Non-recourse funding obligations	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	310	 	 	 	—  	 	 	 	—  	 	 	 	310	 	
Deferred tax and other liabilities	 	 	125	 	 	 	241	 	 	 	160	 	 	 	624	 	 	 	74	 	 	 	764	 	 	 	1,988	 	
Borrowings and capital securities	 	 	—  	 	 	 	330	 	 	 	146	 	 	 	—  	 	 	 	—  	 	 	 	3,599	 	 	 	4,075	 	
Separate account liabilities	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	6,750	 	 	 	—  	 	 	 	6,750	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	895	 	 	 	2,230	 	 	 	1,658	 	 	 	68,761	 	 	 	9,822	 	 	 	4,370	 	 	 	87,736	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	 				 				 				 				 				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	 	 	2,523	 	 	 	1,955	 	 	 	465	 	 	 	8,577	 	 	 	654	 	 	 	(3,591	) 	 	 	10,583	 	
Allocated accumulated other comprehensive income (loss)	 	 	(25	) 	 	 	(238	) 	 	 	50	 	 	 	2,587	 	 	 	(4	) 	 	 	(43	) 	 	 	2,327	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	 	 	2,498	 	 	 	1,717	 	 	 	515	 	 	 	11,164	 	 	 	650	 	 	 	(3,634	) 	 	 	12,910	 	
Noncontrolling interests	 	 	—  	 	 	 	1,308	 	 	 	523	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1,831	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	 	 	2,498	 	 	 	3,025	 	 	 	1,038	 	 	 	11,164	 	 	 	650	 	 	 	(3,634	) 	 	 	14,741	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	 	$	3,393	 	 	$	5,255	 	 	$	2,696	 	 	$	79,925	 	 	$	10,472	 	 	$	736	 	 	$	102,477	 	

(1)  	Includes inter-segment eliminations and other businesses that are managed outside the operating segments.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Deferred Acquisition Costs Rollforward
(amounts in millions)

 	  	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	 	U.S. Life
Insurance	 	 	Runoff	 	 	Corporate
and Other	 	  	Total	 	
Unamortized balance as of June 30, 2018	  	$	28	 	 	$	124	 	 	$	43	 	 	$	3,445	 	 	$	207	 	 	$	—  	 	  	$	3,847	 	
Costs deferred	  	 	2	 	 	 	12	 	 	 	3	 	 	 	6	 	 	 	—  	 	 	 	—  	 	  	 	23	 	
Amortization, net of interest accretion	  	 	(2	) 	 	 	(10	) 	 	 	(4	) 	 	 	(45	) 	 	 	(5	) 	 	 	—  	 	  	 	(66	) 	
Impact of foreign currency translation	  	 	—  	 	 	 	2	 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	—  	 	  	 	1	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Unamortized balance as of September 30, 2018	  	 	28	 	 	 	128	 	 	 	41	 	 	 	3,406	 	 	 	202	 	 	 	—  	 	  	 	3,805	 	
Effect of accumulated net unrealized investment (gains) losses	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(474	) 	 	 	5	 	 	 	—  	 	  	 	(469	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Balance as of September 30, 2018	  	$	28	 	 	$	128	 	 	$	41	 	 	$	2,932	 	 	$	207	 	 	$	—  	 	  	$	3,336	 	

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U.S. Mortgage Insurance Segment
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Adjusted Operating Income and Sales—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	2018	 	  	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				 				  				  				  				  				  				  				
Premiums	  	$	190	 	  	$	184	 	 	$	179	 	  	$	553	 	  	$	181	 	  	$	175	 	  	$	170	 	  	$	169	 	  	$	695	 	
Net investment income	  	 	23	 	  	 	23	 	 	 	21	 	  	 	67	 	  	 	20	 	  	 	18	 	  	 	18	 	  	 	17	 	  	 	73	 	
Net investment gains (losses)	  	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	
Policy fees and other income	  	 	1	 	  	 	1	 	 	 	—  	 	  	 	2	 	  	 	1	 	  	 	1	 	  	 	1	 	  	 	1	 	  	 	4	 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	214	 	  	 	208	 	 	 	200	 	  	 	622	 	  	 	202	 	  	 	194	 	  	 	189	 	  	 	187	 	  	 	772	 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				  				  				  				  				  				  				
Benefits and other changes in policy reserves	  	 	20	 	  	 	(14	) 	 	 	16	 	  	 	22	 	  	 	40	 	  	 	35	 	  	 	3	 	  	 	29	 	  	 	107	 	
Acquisition and operating expenses, net of deferrals	  	 	41	 	  	 	45	 	 	 	39	 	  	 	125	 	  	 	41	 	  	 	43	 	  	 	41	 	  	 	40	 	  	 	165	 	
Amortization of deferred acquisition costs and intangibles	  	 	4	 	  	 	3	 	 	 	4	 	  	 	11	 	  	 	4	 	  	 	3	 	  	 	3	 	  	 	4	 	  	 	14	 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	65	 	  	 	34	 	 	 	59	 	  	 	158	 	  	 	85	 	  	 	81	 	  	 	47	 	  	 	73	 	  	 	286	 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	149	 	  	 	174	 	 	 	141	 	  	 	464	 	  	 	117	 	  	 	113	 	  	 	142	 	  	 	114	 	  	 	486	 	
Provision for income taxes	  	 	31	 	  	 	37	 	 	 	30	 	  	 	98	 	  	 	43	 	  	 	40	 	  	 	51	 	  	 	41	 	  	 	175	 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	118	 	  	 	137	 	 	 	111	 	  	 	366	 	  	 	74	 	  	 	73	 	  	 	91	 	  	 	73	 	  	 	311	 	
	 									
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				 				  				  				  				  				  				  				
Net investment (gains) losses	  	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	
Taxes on adjustments	  	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
ADJUSTED OPERATING INCOME	  	$	118	 	  	$	137	 	 	$	111	 	  	$	366	 	  	$	74	 	  	$	73	 	  	$	91	 	  	$	73	 	  	$	311	 	

SALES:	  				  				 				  				  				  				  				  				  				
Flow New Insurance Written (NIW)	  	$	10,300	 	  	$	11,400	 	 	$	9,000	 	  	$	30,700	 	  	$	10,200	 	  	$	11,300	 	  	$	9,800	 	  	$	7,600	 	  	$	38,900	 	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
Flow New Insurance Written Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	 	2018	 	 	2017	 	
 	 	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	 	
Product	 				 			 	  				  				 				  				 				  				 				  				 				  				 				  				
Monthly (1)	 	$	8,400	 	 	 	82	% 	  	$	9,700	 	  	 	85	% 	 	$	7,300	 	  	 	81	% 	 	$	7,900	 	  	 	77	% 	 	$	8,600	 	  	 	76	% 	 	$	7,900	 	  	 	81	% 	 	$	6,100	 	  	 	80	% 	
Single	 	 	1,900	 	 	 	18	 	  	 	1,700	 	  	 	15	 	 	 	1,700	 	  	 	19	 	 	 	2,300	 	  	 	23	 	 	 	2,700	 	  	 	24	 	 	 	1,900	 	  	 	19	 	 	 	1,500	 	  	 	20	 	
	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	 	$	10,300	 	 	 	100	% 	  	$	11,400	 	  	 	100	% 	 	$	9,000	 	  	 	100	% 	 	$	10,200	 	  	 	100	% 	 	$	11,300	 	  	 	100	% 	 	$	9,800	 	  	 	100	% 	 	$	7,600	 	  	 	100	% 	
	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
FICO Scores	 				 			 	  				  				 				  				 				  				 				  				 				  				 				  				
Over 735	 	$	6,000	 	 	 	58	% 	  	$	6,900	 	  	 	60	% 	 	$	5,300	 	  	 	59	% 	 	$	5,900	 	  	 	58	% 	 	$	6,900	 	  	 	61	% 	 	$	6,000	 	  	 	61	% 	 	$	4,700	 	  	 	62	% 	
680-735	 	 	3,300	 	 	 	32	 	  	 	3,700	 	  	 	32	 	 	 	3,000	 	  	 	33	 	 	 	3,400	 	  	 	33	 	 	 	3,500	 	  	 	31	 	 	 	3,100	 	  	 	32	 	 	 	2,300	 	  	 	30	 	
660-679 (2)	 	 	500	 	 	 	5	 	  	 	400	 	  	 	4	 	 	 	400	 	  	 	5	 	 	 	500	 	  	 	5	 	 	 	500	 	  	 	4	 	 	 	400	 	  	 	4	 	 	 	300	 	  	 	4	 	
620-659	 	 	500	 	 	 	5	 	  	 	400	 	  	 	4	 	 	 	300	 	  	 	3	 	 	 	400	 	  	 	4	 	 	 	400	 	  	 	4	 	 	 	300	 	  	 	3	 	 	 	300	 	  	 	4	 	
<620	 	 	—  	 	 	 	—  	 	  	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	
	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	 	$	10,300	 	 	 	100	% 	  	$	11,400	 	  	 	100	% 	 	$	9,000	 	  	 	100	% 	 	$	10,200	 	  	 	100	% 	 	$	11,300	 	  	 	100	% 	 	$	9,800	 	  	 	100	% 	 	$	7,600	 	  	 	100	% 	
	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Loan-To-Value Ratio	 				 			 	  				  				 				  				 				  				 				  				 				  				 				  				
95.01% and above	 	$	2,000	 	 	 	19	% 	  	$	2,400	 	  	 	21	% 	 	$	1,600	 	  	 	18	% 	 	$	1,700	 	  	 	17	% 	 	$	1,600	 	  	 	14	% 	 	$	1,100	 	  	 	11	% 	 	$	800	 	  	 	11	% 	
90.01% to 95.00%	 	 	4,500	 	 	 	44	 	  	 	4,900	 	  	 	43	 	 	 	3,900	 	  	 	43	 	 	 	4,500	 	  	 	44	 	 	 	5,200	 	  	 	46	 	 	 	4,700	 	  	 	48	 	 	 	3,500	 	  	 	46	 	
85.01% to 90.00%	 	 	2,800	 	 	 	27	 	  	 	2,900	 	  	 	25	 	 	 	2,500	 	  	 	28	 	 	 	2,900	 	  	 	28	 	 	 	3,300	 	  	 	29	 	 	 	2,900	 	  	 	30	 	 	 	2,300	 	  	 	30	 	
85.00% and below	 	 	1,000	 	 	 	10	 	  	 	1,200	 	  	 	11	 	 	 	1,000	 	  	 	11	 	 	 	1,100	 	  	 	11	 	 	 	1,200	 	  	 	11	 	 	 	1,100	 	  	 	11	 	 	 	1,000	 	  	 	13	 	
	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	 	$	10,300	 	 	 	100	% 	  	$	11,400	 	  	 	100	% 	 	$	9,000	 	  	 	100	% 	 	$	10,200	 	  	 	100	% 	 	$	11,300	 	  	 	100	% 	 	$	9,800	 	  	 	100	% 	 	$	7,600	 	  	 	100	% 	
	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Origination	 				 			 	  				  				 				  				 				  				 				  				 				  				 				  				
Purchase	 	$	9,800	 	 	 	95	% 	  	$	10,700	 	  	 	94	% 	 	$	8,000	 	  	 	89	% 	 	$	9,100	 	  	 	89	% 	 	$	10,300	 	  	 	91	% 	 	$	9,000	 	  	 	92	% 	 	$	6,300	 	  	 	83	% 	
Refinance	 	 	500	 	 	 	5	 	  	 	700	 	  	 	6	 	 	 	1,000	 	  	 	11	 	 	 	1,100	 	  	 	11	 	 	 	1,000	 	  	 	9	 	 	 	800	 	  	 	8	 	 	 	1,300	 	  	 	17	 	
	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	 	$	10,300	 	 	 	100	% 	  	$	11,400	 	  	 	100	% 	 	$	9,000	 	  	 	100	% 	 	$	10,200	 	  	 	100	% 	 	$	11,300	 	  	 	100	% 	 	$	9,800	 	  	 	100	% 	 	$	7,600	 	  	 	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
THIRD QUARTER 2018
Other Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	195	 	  	$	191	 	  	$	185	 	  	$	571	 	 	$	196	 	 	$	200	 	 	$	186	 	 	$	175	 	 	$	757	 	
	 									
Flow New Risk Written	  	$	2,559	 	  	$	2,866	 	  	$	2,247	 	  	$	7,672	 	 	$	2,539	 	 	$	2,846	 	 	$	2,478	 	 	$	1,864	 	 	$	9,727	 	
	 									
Primary Insurance In-Force (1)	  	$	163,200	 	  	$	159,500	 	  	$	154,900	 	  				 	$	151,800	 	 	$	148,000	 	 	$	143,000	 	 	$	139,300	 	 				
Risk In-Force	  			 	  				  				  				 				 				 				 				 				
Flow (2)	  	$	39,304	 	  	$	38,433	 	  	$	37,252	 	  				 	$	36,498	 	 	$	35,567	 	 	$	34,286	 	 	$	33,347	 	 				
Bulk (3)	  	 	188	 	  	 	195	 	  	 	202	 	  				 	 	212	 	 	 	252	 	 	 	257	 	 	 	266	 	 				
	  	 	 	 	  	 	 	 	  	 	 	 	  				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	  	 	39,492	 	  	 	38,628	 	  	 	37,454	 	  				 	 	36,710	 	 	 	35,819	 	 	 	34,543	 	 	 	33,613	 	 				
Pool	  	 	72	 	  	 	75	 	  	 	80	 	  				 	 	83	 	 	 	86	 	 	 	92	 	 	 	96	 	 				
	  	 	 	 	  	 	 	 	  	 	 	 	  				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-Force	  	$	39,564	 	  	$	38,703	 	  	$	37,534	 	  				 	$	36,793	 	 	$	35,905	 	 	$	34,635	 	 	$	33,709	 	 				

Primary Risk In-Force That Is GSE Conforming	  	 	94	% 	  	 	94	% 	  	 	94	% 	  				 	 	94	% 	 	 	95	% 	 	 	95	% 	 	 	95	% 	 				
	 									
Expense Ratio (Net Earned Premiums) (4)	  	 	23	% 	  	 	26	% 	  	 	24	% 	  	 	25	% 	 	 	25	% 	 	 	26	% 	 	 	26	% 	 	 	26	% 	 	 	26	% 	
	 									
Expense Ratio (Net Premiums Written) (5)	  	 	23	% 	  	 	25	% 	  	 	23	% 	  	 	24	% 	 	 	23	% 	 	 	23	% 	 	 	24	% 	 	 	25	% 	 	 	24	% 	
	 									
Flow Persistency	  	 	84	% 	  	 	83	% 	  	 	84	% 	  				 	 	83	% 	 	 	83	% 	 	 	82	% 	 	 	83	% 	 				
	 									
Risk To Capital Ratio (6)	  	 	12.3:1	 	  	 	12.6:1	 	  	 	12.5:1	 	  				 	 	12.7:1	 	 	 	12.8:1	 	 	 	13.0:1	 	 	 	13.6:1	 	 				
	 									
PMIERs Sufficiency Ratio (7)	  	 	130	% 	  	 	129	% 	  	 	124	% 	  				 	 	121	% 	 	 	122	% 	 	 	122	% 	 	 	118	% 	 				
	 									
Average Primary Loan Size (in thousands)	  	$	211	 	  	$	209	 	  	$	207	 	  				 	$	205	 	 	$	203	 	 	$	200	 	 	$	198	 	 				
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 conforms to the presentation under the Private Mortgage Insurer Eligibility Requirements (PMIERs).	
(3)  	As of September 30, 2018, 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 September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017, June 30, 2017 and March 31, 2017, the PMIERs sufficiency ratios were in excess of $750 million, $700 million, $600 million, $550 million, $500 million, $500 million and $400 million, respectively, of available assets above the current PMIERs requirements. The PMIERs sufficiency ratio as of September 30, 2018, June 30, 2018, March 31, 2018 and December 31, 2017 was negatively impacted by approximately one, two, four and four points, respectively, by the increase in new delinquencies reported in the fourth quarter of 2017 in areas impacted by hurricanes Harvey and Irma.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
Loss Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				 				 				 				 				 				 				 				
Flow	  			 	  				 				 				 				 				 				 				 				
Direct (1)	  	$	52	 	  	$	45	 	 	$	53	 	 	$	150	 	 	$	41	 	 	$	62	 	 	$	92	 	 	$	76	 	 	$	271	 	
Assumed (2)	  	 	—  	 	  	 	—  	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	2	 	 	 	3	 	
Ceded	  	 	—  	 	  	 	—  	 	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	(1	) 	
Loss adjustment expenses	  	 	3	 	  	 	2	 	 	 	2	 	 	 	7	 	 	 	2	 	 	 	2	 	 	 	2	 	 	 	2	 	 	 	8	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	 	55	 	  	 	47	 	 	 	55	 	 	 	157	 	 	 	44	 	 	 	64	 	 	 	94	 	 	 	79	 	 	 	281	 	
Bulk	  	 	1	 	  	 	—  	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	4	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	56	 	  	 	47	 	 	 	56	 	 	 	159	 	 	 	45	 	 	 	65	 	 	 	95	 	 	 	80	 	 	 	285	 	
Pool	  	 	—  	 	  	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	2	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	56	 	  	$	48	 	 	$	56	 	 	$	160	 	 	$	45	 	 	$	66	 	 	$	96	 	 	$	80	 	 	$	287	 	

Average Paid Claim (in thousands) (1) 	  	$	45.9	 	  	$	43.1	 	 	$	47.5	 	 				 	$	51.0	 	 	$	50.6	 	 	$	46.6	 	 	$	51.2	 	 				
	 									
Average Reserve Per Delinquency (in thousands)	  			 	  				 				 				 				 				 				 				 				
Flow (3)	  	$	18.8	 	  	$	19.6	 	 	$	20.2	 	 				 	$	19.7	 	 	$	22.6	 	 	$	24.1	 	 	$	25.8	 	 				
Bulk loans with established reserve	  	$	17.6	 	  	$	18.4	 	 	$	17.6	 	 				 	$	18.1	 	 	$	18.7	 	 	$	19.5	 	 	$	19.1	 	 				
	 									
Reserves:	  			 	  				 				 				 				 				 				 				 				
Flow direct case	  	$	280	 	  	$	314	 	 	$	372	 	 				 	$	408	 	 	$	412	 	 	$	440	 	 	$	530	 	 				
Bulk direct case	  	 	7	 	  	 	8	 	 	 	8	 	 				 	 	10	 	 	 	11	 	 	 	12	 	 	 	12	 	 				
Assumed (2)	  	 	2	 	  	 	2	 	 	 	2	 	 				 	 	3	 	 	 	3	 	 	 	4	 	 	 	4	 	 				
All other (4)	  	 	28	 	  	 	28	 	 	 	33	 	 				 	 	34	 	 	 	34	 	 	 	34	 	 	 	37	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Reserves	  	$	317	 	  	$	352	 	 	$	415	 	 				 	$	455	 	 	$	460	 	 	$	490	 	 	$	583	 	 				

Beginning Reserves	  	$	352	 	  	$	415	 	 	$	455	 	 	$	455	 	 	$	460	 	 	$	490	 	 	$	583	 	 	$	635	 	 	$	635	 	
Paid claims	  	 	(56	) 	  	 	(48	) 	 	 	(57	) 	 	 	(161	) 	 	 	(45	) 	 	 	(66	) 	 	 	(96	) 	 	 	(81	) 	 	 	(288	) 	
Increase (decrease) in reserves	  	 	21	 	  	 	(15	) 	 	 	17	 	 	 	23	 	 	 	40	 	 	 	36	 	 	 	3	 	 	 	29	 	 	 	108	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	317	 	  	$	352	 	 	$	415	 	 	$	317	 	 	$	455	 	 	$	460	 	 	$	490	 	 	$	583	 	 	$	455	 	

Beginning Reinsurance Recoverable (5) 	  	$	—  	 	  	$	—  	 	 	$	1	 	 	$	1	 	 	$	1	 	 	$	1	 	 	$	1	 	 	$	2	 	 	$	2	 	
Ceded paid claims	  	 	—  	 	  	 	—  	 	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reinsurance Recoverable	  	$	—  	 	  	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	1	 	 	$	1	 	 	$	1	 	 	$	1	 	 	$	1	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (6) 	  	 	11	% 	  	 	(8	)% 	 	 	9	% 	 	 	4	% 	 	 	22	% 	 	 	20	% 	 	 	2	% 	 	 	17	% 	 	 	15	% 	
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 payments 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 reflected 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 indicated that these delinquencies had different ultimate claim rates and, therefore, the company 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. During the second quarter of 2018, the company recorded a favorable reserve adjustment of $28 million, which reduced the loss ratio by five percentage points for the nine months ended September 30, 2018 and 15 percentage points for the three months ended June 30, 2018. The second quarter of 2017 also included a $15 million favorable reserve adjustment. The fourth quarter of 2017 reflected 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
THIRD QUARTER 2018
Delinquency Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2018	 	 	2017	 		
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 		
Number of Primary Delinquencies	  			 	  				 				 				 				 				 				 				 					
Flow (1)	  	 	16,367	 	  	 	17,505	 	 	 	20,007	 	 				 	 	22,483	 	 	 	19,765	 	 	 	19,733	 	 	 	22,036	 	 					
Bulk loans with an established reserve	  	 	415	 	  	 	445	 	 	 	494	 	 				 	 	614	 	 	 	631	 	 	 	653	 	 	 	695	 	 					
Bulk loans with no reserve (2)	  	 	92	 	  	 	101	 	 	 	101	 	 				 	 	91	 	 	 	112	 	 	 	291	 	 	 	288	 	 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Total Number of Primary Delinquencies	  	 	16,874	 	  	 	18,051	 	 	 	20,602	 	 				 	 	23,188	 	 	 	20,508	 	 	 	20,677	 	 	 	23,019	 	 					

Beginning Number of Primary Delinquencies	  	 	18,051	 	  	 	20,602	 	 	 	23,188	 	 	 	23,188	 	 	 	20,508	 	 	 	20,677	 	 	 	23,019	 	 	 	25,709	 	 	 	25,709	 		
New delinquencies (1)	  	 	7,884	 	  	 	7,049	 	 	 	8,409	 	 	 	23,342	 	 	 	11,979	 	 	 	8,753	 	 	 	7,776	 	 	 	8,456	 	 	 	36,964	 		
Delinquency cures (1)	  	 	(7,857	) 	  	 	(8,488	) 	 	 	(9,840	) 	 	 	(26,185	) 	 	 	(8,419	) 	 	 	(7,654	) 	 	 	(8,085	) 	 	 	(9,583	) 	 	 	(33,741	) 		
Paid claims	  	 	(1,204	) 	  	 	(1,112	) 	 	 	(1,155	) 	 	 	(3,471	) 	 	 	(880	) 	 	 	(1,268	) 	 	 	(2,033	) 	 	 	(1,563	) 	 	 	(5,744	) 		
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Ending Number of Primary Delinquencies	  	 	16,874	 	  	 	18,051	 	 	 	20,602	 	 	 	16,874	 	 	 	23,188	 	 	 	20,508	 	 	 	20,677	 	 	 	23,019	 	 	 	23,188	 		

Composition of Cures	  			 	  				 				 				 				 				 				 				 					
Reported delinquent and cured-intraquarter	  	 	1,651	 	  	 	1,514	 	 	 	2,288	 	 				 	 	2,007	 	 	 	1,713	 	 	 	1,697	 	 	 	2,350	 	 					
Number of missed payments delinquent prior to cure:	  			 	  				 				 				 				 				 				 				 					
3 payments or less	  	 	3,951	 	  	 	4,568	 	 	 	5,413	 	 				 	 	4,547	 	 	 	4,104	 	 	 	4,285	 	 	 	5,375	 	 					
4 - 11 payments	  	 	1,943	 	  	 	2,070	 	 	 	1,719	 	 				 	 	1,346	 	 	 	1,305	 	 	 	1,678	 	 	 	1,432	 	 					
12 payments or more	  	 	312	 	  	 	336	 	 	 	420	 	 				 	 	519	 	 	 	532	 	 	 	425	 	 	 	426	 	 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Total (1) 	  	 	7,857	 	  	 	8,488	 	 	 	9,840	 	 				 	 	8,419	 	 	 	7,654	 	 	 	8,085	 	 	 	9,583	 	 					

Primary Delinquencies by Missed Payment Status	  			 	  				 				 				 				 				 				 				 					
3 payments or less	  	 	7,853	 	  	 	7,539	 	 	 	8,335	 	 				 	 	10,852	 	 	 	8,542	 	 	 	7,877	 	 	 	8,114	 	 					
4 - 11 payments	  	 	4,745	 	  	 	5,657	 	 	 	6,875	 	 				 	 	6,319	 	 	 	5,420	 	 	 	5,520	 	 	 	6,341	 	 					
12 payments or more	  	 	4,276	 	  	 	4,855	 	 	 	5,392	 	 				 	 	6,017	 	 	 	6,546	 	 	 	7,280	 	 	 	8,564	 	 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Primary Delinquencies (1) 	  	 	16,874	 	  	 	18,051	 	 	 	20,602	 	 				 	 	23,188	 	 	 	20,508	 	 	 	20,677	 	 	 	23,019	 	 					

								
 	  	September 30, 2018	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
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	  	 	7,656	 	  	$	29	 	 	$	329	 	 	 	9	% 	 				 				 				 				 					
4 - 11 payments in default	  	 	4,641	 	  	 	94	 	 	 	213	 	 	 	44	% 	 				 				 				 				 					
12 payments or more in default	  	 	4,070	 	  	 	157	 	 	 	204	 	 	 	77	% 	 				 				 				 				 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 				 				 				 					
Total	  	 	16,367	 	  	$	280	 	 	$	746	 	 	 	38	% 	 				 				 				 				 					

 	  	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	% 	 				 				 				 				 					

(1)  	The number of delinquencies, new delinquencies and delinquency cures in the fourth quarter of 2017 reflected 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
THIRD QUARTER 2018
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

 	  	2018	 	 	2017	 		
 	  	3Q	 	  	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 		
	Primary Loans	  			 	  				 				 				 				 				 				
Primary loans in-force	  	 	773,290	 	  	 	762,727	 	 	 	749,145	 	 	 	742,094	 	 	 	730,174	 	 	 	714,254	 	 	 	703,214	 		
Primary delinquent loans (1)	  	 	16,874	 	  	 	18,051	 	 	 	20,602	 	 	 	23,188	 	 	 	20,508	 	 	 	20,677	 	 	 	23,019	 		
Primary delinquency rate (1)	  	 	2.18	% 	  	 	2.37	% 	 	 	2.75	% 	 	 	3.12	% 	 	 	2.81	% 	 	 	2.89	% 	 	 	3.27	% 		
	 								
Flow loans in-force	  	 	759,965	 	  	 	748,497	 	 	 	734,411	 	 	 	725,748	 	 	 	712,848	 	 	 	695,383	 	 	 	683,532	 		
Flow delinquent loans (1)	  	 	16,367	 	  	 	17,505	 	 	 	20,007	 	 	 	22,483	 	 	 	19,765	 	 	 	19,733	 	 	 	22,036	 		
Flow delinquency rate (1)	  	 	2.15	% 	  	 	2.34	% 	 	 	2.72	% 	 	 	3.10	% 	 	 	2.77	% 	 	 	2.84	% 	 	 	3.22	% 		
	 								
Bulk loans in-force	  	 	13,325	 	  	 	14,230	 	 	 	14,734	 	 	 	16,346	 	 	 	17,326	 	 	 	18,871	 	 	 	19,682	 		
Bulk delinquent loans	  	 	507	 	  	 	546	 	 	 	595	 	 	 	705	 	 	 	743	 	 	 	944	 	 	 	983	 		
Bulk delinquency rate	  	 	3.80	% 	  	 	3.84	% 	 	 	4.04	% 	 	 	4.31	% 	 	 	4.29	% 	 	 	5.00	% 	 	 	4.99	% 		
	 								
A minus and sub-prime loans in-force	  	 	16,087	 	  	 	16,928	 	 	 	17,964	 	 	 	18,912	 	 	 	19,828	 	 	 	20,797	 	 	 	22,056	 		
A minus and sub-prime delinquent loans	  	 	2,817	 	  	 	3,058	 	 	 	3,557	 	 	 	4,054	 	 	 	4,080	 	 	 	4,148	 	 	 	4,572	 		
A minus and sub-prime delinquency rate	  	 	17.51	% 	  	 	18.06	% 	 	 	19.80	% 	 	 	21.44	% 	 	 	20.58	% 	 	 	19.95	% 	 	 	20.73	% 		
	 								
	Pool Loans	  			 	  				 				 				 				 				 				
Pool loans in-force	  	 	4,636	 	  	 	4,774	 	 	 	4,961	 	 	 	5,039	 	 	 	5,145	 	 	 	5,406	 	 	 	5,586	 		
Pool delinquent loans	  	 	215	 	  	 	204	 	 	 	220	 	 	 	249	 	 	 	252	 	 	 	276	 	 	 	276	 		
Pool delinquency rate	  	 	4.64	% 	  	 	4.27	% 	 	 	4.43	% 	 	 	4.94	% 	 	 	4.90	% 	 	 	5.11	% 	 	 	4.94	% 		
	 								
	Primary Risk In-Force by Credit Quality	  			 	  				 				 				 				 				 				
Over 735	  	 	57	% 	  	 	57	% 	 	 	57	% 	 	 	57	% 	 	 	57	% 	 	 	56	% 	 	 	55	% 		
680-735	  	 	32	% 	  	 	32	% 	 	 	32	% 	 	 	31	% 	 	 	31	% 	 	 	31	% 	 	 	31	% 		
660-679 (2)	  	 	5	% 	  	 	5	% 	 	 	5	% 	 	 	6	% 	 	 	6	% 	 	 	6	% 	 	 	6	% 		
620-659	  	 	5	% 	  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	6	% 		
<620	  	 	1	% 	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	2	% 	 	 	2	% 		

(1)  	Delinquent loans and delinquency rates in the fourth quarter of 2017 reflected 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
THIRD QUARTER 2018
 Portfolio Quality Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	September 30, 2018	 		
	Policy Year	  	Average
Rate (1) 	 	 	% of Total
Reserves (2) 	 	 	Primary
Insurance In-Force	 	  	% of Total	 	 	Primary
Risk In-Force	 	  	% of Total	 	 	Delinquency
Rate	 	
2004 and prior	  	 	6.05	% 	 	 	9.3	% 	 	$	1,770	 	  	 	1.1	% 	 	$	338	 	  	 	0.9	% 	 	 	12.09	% 		
2005	  	 	5.56	% 	 	 	8.1	 	 	 	1,664	 	  	 	1.0	 	 	 	392	 	  	 	1.0	 	 	 	10.91	% 		
2006	  	 	5.71	% 	 	 	13.2	 	 	 	3,189	 	  	 	2.0	 	 	 	743	 	  	 	1.9	 	 	 	10.16	% 		
2007	  	 	5.63	% 	 	 	28.6	 	 	 	8,375	 	  	 	5.1	 	 	 	1,936	 	  	 	4.9	 	 	 	9.06	% 		
2008	  	 	5.15	% 	 	 	14.6	 	 	 	6,942	 	  	 	4.3	 	 	 	1,590	 	  	 	4.0	 	 	 	5.56	% 		
2009	  	 	4.91	% 	 	 	0.5	 	 	 	594	 	  	 	0.4	 	 	 	124	 	  	 	0.3	 	 	 	2.12	% 		
2010	  	 	4.63	% 	 	 	0.6	 	 	 	682	 	  	 	0.4	 	 	 	157	 	  	 	0.4	 	 	 	2.06	% 		
2011	  	 	4.55	% 	 	 	0.7	 	 	 	1,146	 	  	 	0.7	 	 	 	266	 	  	 	0.7	 	 	 	2.04	% 		
2012	  	 	3.86	% 	 	 	0.9	 	 	 	3,175	 	  	 	1.9	 	 	 	763	 	  	 	1.9	 	 	 	1.15	% 		
2013	  	 	4.08	% 	 	 	2.0	 	 	 	6,023	 	  	 	3.7	 	 	 	1,485	 	  	 	3.8	 	 	 	1.32	% 		
2014	  	 	4.45	% 	 	 	4.3	 	 	 	9,874	 	  	 	6.1	 	 	 	2,398	 	  	 	6.0	 	 	 	1.64	% 		
2015	  	 	4.14	% 	 	 	5.7	 	 	 	19,327	 	  	 	11.8	 	 	 	4,699	 	  	 	11.9	 	 	 	1.12	% 		
2016	  	 	3.87	% 	 	 	6.8	 	 	 	34,617	 	  	 	21.2	 	 	 	8,358	 	  	 	21.2	 	 	 	0.80	% 		
2017	  	 	4.24	% 	 	 	4.2	 	 	 	35,807	 	  	 	21.9	 	 	 	8,782	 	  	 	22.2	 	 	 	0.56	% 		
2018	  	 	4.68	% 	 	 	0.5	 	 	 	30,021	 	  	 	18.4	 	 	 	7,461	 	  	 	18.9	 	 	 	0.12	% 		
	  				 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 					
Total	  	 	4.46	% 	 	 	100.0	% 	 	$	163,206	 	  	 	100.0	% 	 	$	39,492	 	  	 	100.0	% 	 	 	2.18	% 		

 	  	September 30, 2018	 	 	June 30, 2018	 	 	September 30, 2017	 	 	 	 		
 	  	Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	 	Primary Risk
In-Force	 	  	Primary
Delinquency Rate	 	 	Primary
Risk In-Force	 	  	Primary
Delinquency Rate	 	 	 	 		
Lender concentration (by original applicant)	  	$	39,492	 	 	 	2.18	% 	 	$	38,628	 	  	 	2.37	% 	 	$	35,819	 	  	 	2.81	% 	 					
Top 10 lenders	  	$	11,196	 	 	 	2.56	% 	 	$	11,249	 	  	 	2.83	% 	 	$	10,563	 	  	 	3.45	% 	 					
Top 20 lenders	  	$	15,005	 	 	 	2.51	% 	 	$	15,014	 	  	 	2.75	% 	 	$	14,058	 	  	 	3.20	% 	 					
									
Loan-to-value ratio	  				 				 				  				 				  				 					
95.01% and above	  	$	6,857	 	 	 	3.88	% 	 	$	6,594	 	  	 	4.22	% 	 	$	5,880	 	  	 	5.44	% 	 					
90.01% to 95.00%	  	 	20,527	 	 	 	1.62	% 	 	 	20,088	 	  	 	1.75	% 	 	 	18,521	 	  	 	1.94	% 	 					
80.01% to 90.00%	  	 	11,931	 	 	 	1.86	% 	 	 	11,762	 	  	 	2.05	% 	 	 	11,184	 	  	 	2.41	% 	 					
80.00% and below	  	 	177	 	 	 	2.73	% 	 	 	184	 	  	 	2.81	% 	 	 	234	 	  	 	3.05	% 	 					
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 					
Total	  	$	39,492	 	 	 	2.18	% 	 	$	38,628	 	  	 	2.37	% 	 	$	35,819	 	  	 	2.81	% 	 					
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 					
Loan grade	  				 				 				  				 				  				 					
Prime	  	$	38,930	 	 	 	1.86	% 	 	$	38,035	 	  	 	2.01	% 	 	$	35,125	 	  	 	2.31	% 	 					
A minus and sub-prime	  	 	562	 	 	 	17.51	% 	 	 	593	 	  	 	18.06	% 	 	 	694	 	  	 	20.58	% 	 					
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 					
Total	  	$	39,492	 	 	 	2.18	% 	 	$	38,628	 	  	 	2.37	% 	 	$	35,819	 	  	 	2.81	% 	 					

(1)  	Average Annual Mortgage Interest Rate.	
(2)  	Total reserves were $317 million as of September 30, 2018.	
 
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Canada Mortgage Insurance Segment
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Adjusted Operating Income and Sales—Canada Mortgage Insurance Segment
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	127	 	  	$	131	 	 	$	139	 	 	$	397	 	 	$	136	 	 	$	131	 	 	$	126	 	 	$	126	 	 	$	519	 	
Net investment income	  	 	34	 	  	 	34	 	 	 	34	 	 	 	102	 	 	 	36	 	 	 	33	 	 	 	31	 	 	 	32	 	 	 	132	 	
Net investment gains (losses)	  	 	29	 	  	 	(15	) 	 	 	(15	) 	 	 	(1	) 	 	 	15	 	 	 	55	 	 	 	47	 	 	 	11	 	 	 	128	 	
Policy fees and other income	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	190	 	  	 	150	 	 	 	158	 	 	 	498	 	 	 	187	 	 	 	220	 	 	 	204	 	 	 	169	 	 	 	780	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	18	 	  	 	19	 	 	 	18	 	 	 	55	 	 	 	12	 	 	 	18	 	 	 	4	 	 	 	20	 	 	 	54	 	
Acquisition and operating expenses, net of deferrals	  	 	17	 	  	 	20	 	 	 	17	 	 	 	54	 	 	 	23	 	 	 	20	 	 	 	16	 	 	 	21	 	 	 	80	 	
Amortization of deferred acquisition costs and intangibles	  	 	11	 	  	 	11	 	 	 	10	 	 	 	32	 	 	 	11	 	 	 	11	 	 	 	11	 	 	 	10	 	 	 	43	 	
Interest expense	  	 	4	 	  	 	4	 	 	 	5	 	 	 	13	 	 	 	5	 	 	 	4	 	 	 	5	 	 	 	4	 	 	 	18	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	50	 	  	 	54	 	 	 	50	 	 	 	154	 	 	 	51	 	 	 	53	 	 	 	36	 	 	 	55	 	 	 	195	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	140	 	  	 	96	 	 	 	108	 	 	 	344	 	 	 	136	 	 	 	167	 	 	 	168	 	 	 	114	 	 	 	585	 	
Provision for income taxes	  	 	37	 	  	 	24	 	 	 	30	 	 	 	91	 	 	 	44	 	 	 	55	 	 	 	56	 	 	 	36	 	 	 	191	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	103	 	  	 	72	 	 	 	78	 	 	 	253	 	 	 	92	 	 	 	112	 	 	 	112	 	 	 	78	 	 	 	394	 	
Less: income from continuing operations attributable to noncontrolling interests  	  	 	46	 	  	 	32	 	 	 	36	 	 	 	114	 	 	 	44	 	 	 	54	 	 	 	54	 	 	 	38	 	 	 	190	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	57	 	  	 	40	 	 	 	42	 	 	 	139	 	 	 	48	 	 	 	58	 	 	 	58	 	 	 	40	 	 	 	204	 	
	 									
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	  	 	(17	) 	  	 	8	 	 	 	9	 	 	 	—  	 	 	 	(9	) 	 	 	(32	) 	 	 	(27	) 	 	 	(6	) 	 	 	(74	) 	
Expenses related to restructuring	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
Taxes on adjustments	  	 	4	 	  	 	(2	) 	 	 	(2	) 	 	 	—  	 	 	 	4	 	 	 	10	 	 	 	10	 	 	 	2	 	 	 	26	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (2) 	  	$	44	 	  	$	46	 	 	$	49	 	 	$	139	 	 	$	43	 	 	$	37	 	 	$	41	 	 	$	36	 	 	$	157	 	

SALES:	  				  				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				  				 				 				 				 				 				 				 				
Flow	  	$	4,200	 	  	$	3,700	 	 	$	2,500	 	 	$	10,400	 	 	$	3,600	 	 	$	4,400	 	 	$	3,700	 	 	$	2,300	 	 	$	14,000	 	
Bulk	  	 	600	 	  	 	900	 	 	 	900	 	 	 	2,400	 	 	 	800	 	 	 	600	 	 	 	800	 	 	 	8,000	 	 	 	10,200	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Canada NIW (3) 	  	$	4,800	 	  	$	4,600	 	 	$	3,400	 	 	$	12,800	 	 	$	4,400	 	 	$	5,000	 	 	$	4,500	 	 	$	10,300	 	 	$	24,200	 	

 
(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	  	$	(29	) 	  	$	15	 	 	$	15	 	 	$	1	 	 	$	(15	) 	 	$	(55	) 	 	$	(47	) 	 	$	(11	) 	 	$	(128	) 	
Adjustment for net investment gains (losses) attributable to noncontrolling interests	  	 	12	 	  	 	(7	) 	 	 	(6	) 	 	 	(1	) 	 	 	6	 	 	 	23	 	 	 	20	 	 	 	5	 	 	 	54	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	  	$	(17	) 	  	$	8	 	 	$	9	 	 	$	—  	 	 	$	(9	) 	 	$	(32	) 	 	$	(27	) 	 	$	(6	) 	 	$	(74	) 	

(2)  	Adjusted operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $45 million and $135 million for the three and nine months ended September 30, 2018, respectively.	
(3)  	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $4,900 million and $12,500 million for the three and nine months ended September 30, 2018, respectively.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(amounts in millions)

 	  	2018	 	 	2017	 		
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 		
Net Premiums Written	  	$	150	 	  	$	133	 	 	$	92	 	 	$	375	 	 	$	131	 	 	$	156	 	 	$	126	 	 	$	96	 	 	$	509	 		
Loss Ratio (1) 	  	 	14	% 	  	 	15	% 	 	 	13	% 	 	 	14	% 	 	 	9	% 	 	 	14	% 	 	 	4	% 	 	 	16	% 	 	 	10	% 		
Expense Ratio (Net Earned Premiums) (2) 	  	 	22	% 	  	 	23	% 	 	 	20	% 	 	 	22	% 	 	 	25	% 	 	 	23	% 	 	 	21	% 	 	 	25	% 	 	 	24	% 		
Expense Ratio (Net Premiums Written) (3) 	  	 	19	% 	  	 	23	% 	 	 	30	% 	 	 	23	% 	 	 	26	% 	 	 	20	% 	 	 	21	% 	 	 	32	% 	 	 	24	% 		
	 										
Primary Insurance In-Force (4) 	  	$	389,400	 	  	$	380,200	 	 	$	384,600	 	 				 	$	392,500	 	 	$	390,700	 	 	$	371,500	 	 	$	358,900	 	 					
Primary Risk In-Force (5) 	  			 	  				 				 				 				 				 				 				 					
Flow	  	$	92,800	 	  	$	89,800	 	 	$	90,500	 	 				 	$	92,300	 	 	$	91,400	 	 	$	86,500	 	 	$	83,200	 	 					
Bulk	  	 	43,500	 	  	 	43,300	 	 	 	44,100	 	 				 	 	45,100	 	 	 	45,300	 	 	 	43,500	 	 	 	42,400	 	 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Total	  	$	136,300	 	  	$	133,100	 	 	$	134,600	 	 				 	$	137,400	 	 	$	136,700	 	 	$	130,000	 	 	$	125,600	 	 					

							
 	  	September 30, 2018	 	 	 	 	 	June 30, 2018	 	 	 	 	 	 	 		
	Risk In-Force by Loan-To-Value Ratio (6) 	  	Primary	 	  	Flow	 	 	Bulk	 	 	 	 	 	Primary	 	 	Flow	 	 	Bulk	 	 	 	 	 	 	 	
95.01% and above	  	$	46,344	 	  	$	46,344	 	 	$	—  	 	 				 	$	44,660	 	 	$	44,660	 	 	$	—  	 	 				 					
90.01% to 95.00%	  	 	27,430	 	  	 	27,430	 	 	 	—  	 	 				 	 	26,612	 	 	 	26,612	 	 	 	—  	 	 				 					
80.01% to 90.00%	  	 	15,871	 	  	 	15,868	 	 	 	3	 	 				 	 	15,462	 	 	 	15,459	 	 	 	3	 	 				 					
80.00% and below	  	 	46,645	 	  	 	3,154	 	 	 	43,491	 	 				 	 	46,352	 	 	 	3,082	 	 	 	43,270	 	 				 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 				 					
Total	  	$	136,290	 	  	$	92,796	 	 	$	43,494	 	 				 	$	133,086	 	 	$	89,813	 	 	$	43,273	 	 				 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 				 					
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.

(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 $163.0 billion, $162.0 billion, $168.0 billion, $174.0 billion, $178.0 billion, $174.0 billion and $170.0 billion as of September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017, June 30, 2017 and March 31, 2017, 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
THIRD QUARTER 2018
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(dollar amounts in millions)

	Primary Insurance	  	September 30, 2018	 	 	June 30, 2018	 	 	March 31, 2018	 	 	December 31, 2017	 	 	September 30, 2017	 	 	 	 	
Insured loans in-force (1),(2)	  	 	2,133,618	 	 	 	2,137,221	 	 	 	2,123,727	 	 	 	2,110,324	 	 	 	2,098,771	 	 					
Insured delinquent loans	  	 	1,695	 	 	 	1,742	 	 	 	1,723	 	 	 	1,718	 	 	 	1,759	 	 					
Insured delinquency rate (2),(3)	  	 	0.08	% 	 	 	0.08	% 	 	 	0.08	% 	 	 	0.08	% 	 	 	0.08	% 	 					
								
Flow loans in-force (1)	  	 	1,486,859	 	 	 	1,470,826	 	 	 	1,456,573	 	 	 	1,447,794	 	 	 	1,434,662	 	 					
Flow delinquent loans	  	 	1,327	 	 	 	1,406	 	 	 	1,385	 	 	 	1,369	 	 	 	1,434	 	 					
Flow delinquency rate (3)	  	 	0.09	% 	 	 	0.10	% 	 	 	0.10	% 	 	 	0.09	% 	 	 	0.10	% 	 					
								
Bulk loans in-force (1)	  	 	646,759	 	 	 	666,395	 	 	 	667,154	 	 	 	662,530	 	 	 	664,109	 	 					
Bulk delinquent loans	  	 	368	 	 	 	336	 	 	 	338	 	 	 	349	 	 	 	325	 	 					
Bulk delinquency rate (3)	  	 	0.06	% 	 	 	0.05	% 	 	 	0.05	% 	 	 	0.05	% 	 	 	0.05	% 	 					
								
	Loss Metrics	  	September 30, 2018	 	 	June 30, 2018	 	 	March 31, 2018	 	 	December 31, 2017	 	 	September 30, 2017	 	 	 	 	
Beginning Reserves	  	$	83	 	 	$	84	 	 	$	87	 	 	$	97	 	 	$	94	 	 					
Paid claims (4)	  	 	(19	) 	 	 	(20	) 	 	 	(19	) 	 	 	(21	) 	 	 	(19	) 	 					
Increase in reserves	  	 	17	 	 	 	21	 	 	 	18	 	 	 	12	 	 	 	18	 	 					
Impact of changes in foreign exchange rates	  	 	1	 	 	 	(2	) 	 	 	(2	) 	 	 	(1	) 	 	 	4	 	 					
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Ending Reserves	  	$	82	 	 	$	83	 	 	$	84	 	 	$	87	 	 	$	97	 	 					

 	  	September 30, 2018	 	 	June 30, 2018	 	 	September 30, 2017	 		
	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	% 	 	 	0.03	% 		
Alberta	  	 	16	 	 	 	0.17	% 	 	 	16	 	 	 	0.17	% 	 	 	16	 	 	 	0.18	% 		
British Columbia	  	 	14	 	 	 	0.04	% 	 	 	14	 	 	 	0.04	% 	 	 	15	 	 	 	0.05	% 		
Quebec	  	 	13	 	 	 	0.10	% 	 	 	13	 	 	 	0.10	% 	 	 	13	 	 	 	0.12	% 		
Saskatchewan	  	 	3	 	 	 	0.28	% 	 	 	3	 	 	 	0.28	% 	 	 	3	 	 	 	0.25	% 		
Nova Scotia	  	 	2	 	 	 	0.14	% 	 	 	2	 	 	 	0.15	% 	 	 	2	 	 	 	0.16	% 		
Manitoba	  	 	2	 	 	 	0.11	% 	 	 	2	 	 	 	0.10	% 	 	 	2	 	 	 	0.09	% 		
New Brunswick	  	 	1	 	 	 	0.12	% 	 	 	1	 	 	 	0.15	% 	 	 	1	 	 	 	0.15	% 		
All Other	  	 	2	 	 	 	0.19	% 	 	 	2	 	 	 	0.20	% 	 	 	1	 	 	 	0.16	% 		
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 					
Total	  	 	100	% 	 	 	0.08	% 	 	 	100	% 	 	 	0.08	% 	 	 	100	% 	 	 	0.08	% 		

	By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2009 and prior	  	 	36	% 	 	 	0.04	% 	 	 	36	% 	 	 	0.04	% 	 	 	37	% 	 	 	0.04	% 		
2010	  	 	5	 	 	 	0.11	% 	 	 	5	 	 	 	0.12	% 	 	 	5	 	 	 	0.12	% 		
2011	  	 	5	 	 	 	0.13	% 	 	 	5	 	 	 	0.13	% 	 	 	5	 	 	 	0.18	% 		
2012	  	 	6	 	 	 	0.16	% 	 	 	6	 	 	 	0.18	% 	 	 	6	 	 	 	0.18	% 		
2013	  	 	6	 	 	 	0.17	% 	 	 	6	 	 	 	0.15	% 	 	 	7	 	 	 	0.18	% 		
2014	  	 	7	 	 	 	0.16	% 	 	 	8	 	 	 	0.16	% 	 	 	8	 	 	 	0.16	% 		
2015	  	 	11	 	 	 	0.11	% 	 	 	11	 	 	 	0.11	% 	 	 	12	 	 	 	0.10	% 		
2016	  	 	13	 	 	 	0.07	% 	 	 	13	 	 	 	0.08	% 	 	 	14	 	 	 	0.06	% 		
2017	  	 	7	 	 	 	0.05	% 	 	 	7	 	 	 	0.04	% 	 	 	6	 	 	 	0.01	% 		
2018	  	 	4	 	 	 	0.01	% 	 	 	3	 	 	 	—  	% 	 	 	—  	 	 	 	—  	% 		
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 					
Total	  	 	100	% 	 	 	0.08	% 	 	 	100	% 	 	 	0.08	% 	 	 	100	% 	 	 	0.08	% 		

(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 924,000 as of September 30, 2018, 935,000 as of June 30, 2018, 946,000 as of March 31, 2018, 949,000 as of December 31, 2017 and 967,000 as of September 30, 2017. 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 September 30, 2018, 0.19% as of June 30, 2018 and 0.18% as of March 31, 2018, December 31, 2017 and September 30, 2017.	
(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
THIRD QUARTER 2018
 Selected Key Performance Measures—Canada Mortgage Insurance Segment
(Canadian dollar amounts in millions)

 	  	2018	 	 	2017	 		
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 		
Paid Claims (1) 	  			 	  				 				 				 				 				 				 				 					
Flow	  	$	23	 	  	$	26	 	 	$	23	 	 	$	72	 	 	$	25	 	 	$	25	 	 	$	30	 	 	$	28	 	 	$	108	 		
Bulk	  	 	2	 	  	 	1	 	 	 	2	 	 	 	5	 	 	 	2	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	8	 		
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Total Paid Claims	  	$	25	 	  	$	27	 	 	$	25	 	 	$	77	 	 	$	27	 	 	$	26	 	 	$	32	 	 	$	31	 	 	$	116	 		

Average Paid Claim (in thousands)	  	$	67.4	 	  	$	79.4	 	 	$	68.5	 	 				 	$	68.8	 	 	$	66.6	 	 	$	73.6	 	 	$	65.3	 	 					
	 										
Average Reserve Per Delinquency (in thousands)	  	$	62.6	 	  	$	62.5	 	 	$	62.7	 	 				 	$	63.5	 	 	$	68.8	 	 	$	67.8	 	 	$	69.7	 	 					
	 										
	Loss Metrics	  			 	  				 				 				 				 				 				 				 				
Beginning Reserves	  	$	109	 	  	$	108	 	 	$	109	 	 	$	109	 	 	$	121	 	 	$	123	 	 	$	145	 	 	$	151	 	 	$	151	 		
Paid claims (1)	  	 	(25	) 	  	 	(27	) 	 	 	(25	) 	 	 	(77	) 	 	 	(27	) 	 	 	(26	) 	 	 	(32	) 	 	 	(31	) 	 	 	(116	) 		
Increase in reserves	  	 	22	 	  	 	28	 	 	 	24	 	 	 	74	 	 	 	15	 	 	 	24	 	 	 	10	 	 	 	25	 	 	 	74	 		
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Ending Reserves	  	$	106	 	  	$	109	 	 	$	108	 	 	$	106	 	 	$	109	 	 	$	121	 	 	$	123	 	 	$	145	 	 	$	109	 		
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
	Loan Amount (2) 	  			 	  				 				 				 				 				 				 				 				
	 										
Over $550K	  	 	9	% 	  	 	9	% 	 	 	8	% 	 				 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 					
$400K to $550K	  	 	15	 	  	 	15	 	 	 	15	 	 				 	 	15	 	 	 	14	 	 	 	14	 	 	 	14	 	 					
$250K to $400K	  	 	34	 	  	 	34	 	 	 	34	 	 				 	 	34	 	 	 	34	 	 	 	34	 	 	 	34	 	 					
$100K to $250K	  	 	39	 	  	 	39	 	 	 	39	 	 				 	 	39	 	 	 	40	 	 	 	40	 	 	 	40	 	 					
$100K or Less	  	 	3	 	  	 	3	 	 	 	4	 	 				 	 	4	 	 	 	4	 	 	 	4	 	 	 	4	 	 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Total	  	 	100	% 	  	 	100	% 	 	 	100	% 	 				 	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 					

Average Primary Loan Size (in thousands)	  	$	236	 	  	$	234	 	 	$	233	 	 				 	$	233	 	 	$	232	 	 	$	231	 	 	$	230	 	 					
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

 
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Adjusted Operating Income (Loss) and Sales—Australia Mortgage Insurance Segment
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums (1)	  	$	87	 	  	$	106	 	 	$	98	 	 	$	291	 	 	$	(377	) 	 	$	78	 	 	$	78	 	 	$	81	 	 	$	(140	) 	
Net investment income	  	 	17	 	  	 	18	 	 	 	17	 	 	 	52	 	 	 	18	 	 	 	19	 	 	 	17	 	 	 	21	 	 	 	75	 	
Net investment gains (losses)	  	 	1	 	  	 	12	 	 	 	(9	) 	 	 	4	 	 	 	2	 	 	 	1	 	 	 	2	 	 	 	20	 	 	 	25	 	
Policy fees and other income	  	 	—  	 	  	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	105	 	  	 	136	 	 	 	107	 	 	 	348	 	 	 	(357	) 	 	 	98	 	 	 	97	 	 	 	122	 	 	 	(40	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	27	 	  	 	29	 	 	 	30	 	 	 	86	 	 	 	25	 	 	 	29	 	 	 	27	 	 	 	28	 	 	 	109	 	
Acquisition and operating expenses, net of deferrals	  	 	15	 	  	 	17	 	 	 	17	 	 	 	49	 	 	 	17	 	 	 	18	 	 	 	9	 	 	 	23	 	 	 	67	 	
Amortization of deferred acquisition costs and intangibles (1)	  	 	10	 	  	 	12	 	 	 	11	 	 	 	33	 	 	 	(7	) 	 	 	10	 	 	 	17	 	 	 	4	 	 	 	24	 	
Interest expense	  	 	3	 	  	 	2	 	 	 	2	 	 	 	7	 	 	 	2	 	 	 	3	 	 	 	2	 	 	 	2	 	 	 	9	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	55	 	  	 	60	 	 	 	60	 	 	 	175	 	 	 	37	 	 	 	60	 	 	 	55	 	 	 	57	 	 	 	209	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	50	 	  	 	76	 	 	 	47	 	 	 	173	 	 	 	(394	) 	 	 	38	 	 	 	42	 	 	 	65	 	 	 	(249	) 	
Provision (benefit) for income taxes	  	 	15	 	  	 	23	 	 	 	14	 	 	 	52	 	 	 	(138	) 	 	 	12	 	 	 	14	 	 	 	22	 	 	 	(90	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	35	 	  	 	53	 	 	 	33	 	 	 	121	 	 	 	(256	) 	 	 	26	 	 	 	28	 	 	 	43	 	 	 	(159	) 	
Less: income (loss) from continuing operations attributable to noncontrolling interests	  	 	18	 	  	 	27	 	 	 	17	 	 	 	62	 	 	 	(132	) 	 	 	14	 	 	 	15	 	 	 	23	 	 	 	(80	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	17	 	  	 	26	 	 	 	16	 	 	 	59	 	 	 	(124	) 	 	 	12	 	 	 	13	 	 	 	20	 	 	 	(79	) 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net (2)	  	 	—  	 	  	 	(6	) 	 	 	4	 	 	 	(2	) 	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	(11	) 	 	 	(13	) 	
Taxes on adjustments	  	 	—  	 	  	 	2	 	 	 	(1	) 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	(1	) 	 	 	4	 	 	 	4	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS) (1),(3) 	  	$	17	 	  	$	22	 	 	$	19	 	 	$	58	 	 	$	(125	) 	 	$	12	 	 	$	12	 	 	$	13	 	 	$	(88	) 	

										
SALES:	  				  				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				  				 				 				 				 				 				 				 				
Flow	  	$	3,800	 	  	$	3,700	 	 	$	3,400	 	 	$	10,900	 	 	$	4,200	 	 	$	3,700	 	 	$	4,100	 	 	$	4,100	 	 	$	16,100	 	
Bulk	  	 	—  	 	  	 	900	 	 	 	—  	 	 	 	900	 	 	 	—  	 	 	 	600	 	 	 	600	 	 	 	1,000	 	 	 	2,200	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Australia NIW (4),(5) 	  	$	3,800	 	  	$	4,600	 	 	$	3,400	 	 	$	11,800	 	 	$	4,200	 	 	$	4,300	 	 	$	4,700	 	 	$	5,100	 	 	$	18,300	 	

 

(1)  	In the fourth quarter of 2017, the Australian platform completed a review of its premium earnings pattern, which resulted in refinements to 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	  	$	(1	) 	  	$	(12	) 	 	$	       9	 	 	$	(4	) 	 	$	(2	) 	 	$	(1	) 	 	$	(2	) 	 	$	(20	) 	 	$	(25	) 	
Adjustment for net investment gains (losses) attributable to noncontrolling interests	  	 	       1	 	  	 	       6	 	 	 	(5	) 	 	 	         2	 	 	 	       1	 	 	 	   —  	 	 	 	       2	 	 	 	       9	 	 	 	       12	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	  	$	—  	 	  	$	(6	) 	 	$	4	 	 	$	(2	) 	 	$	(1	) 	 	$	(1	) 	 	$	—  	 	 	$	(11	) 	 	$	(13	) 	

(3)  	Adjusted operating income (loss) for the Australian platform adjusted for foreign exchange as compared to the prior year period was $18 million and $58 million for the three and nine months ended September 30, 2018, respectively.	
(4)  	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $4,000 million and $11,800 million for the three and nine months ended September 30, 2018, respectively.	
(5)  	The business currently has structured insurance transactions with two lenders where it is in a secondary loss position. The new insurance written associated with these arrangements is excluded from these metrics.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(amounts in millions)

 	  	2018	 	 	2017	 		
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 		
Net Premiums Written	  	$	56	 	  	$	56	 	 	$	60	 	 	$	172	 	 	$	63	 	 	$	56	 	 	$	58	 	 	$	54	 	 	$	231	 		
Loss Ratio (1) 	  	 	31	% 	  	 	28	% 	 	 	30	% 	 	 	30	% 	 	 	(7	)% 	 	 	37	% 	 	 	34	% 	 	 	35	% 	 	 	(79	)% 		
Expense Ratio (Net Earned Premiums) (2) 	  	 	29	% 	  	 	27	% 	 	 	29	% 	 	 	28	% 	 	 	(3	)% 	 	 	37	% 	 	 	34	% 	 	 	33	% 	 	 	(65	)% 		
Expense Ratio (Net Premiums Written) (3) 	  	 	46	% 	  	 	50	% 	 	 	47	% 	 	 	48	% 	 	 	15	% 	 	 	51	% 	 	 	46	% 	 	 	49	% 	 	 	39	% 		
	 										
Primary Insurance In-Force (4) 	  	$	222,500	 	  	$	229,400	 	 	$	246,300	 	 				 	$	251,400	 	 	$	252,200	 	 	$	247,700	 	 	$	246,400	 	 					
Primary Risk In-Force (4),(5) 	  			 	  				 				 				 				 				 				 				 					
Flow	  	$	71,900	 	  	$	74,000	 	 	$	79,600	 	 				 	$	81,200	 	 	$	81,300	 	 	$	80,000	 	 	$	79,700	 	 					
Bulk	  	 	5,600	 	  	 	5,900	 	 	 	6,100	 	 				 	 	6,300	 	 	 	6,400	 	 	 	6,200	 	 	 	6,000	 	 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Total	  	$	77,500	 	  	$	79,900	 	 	$	85,700	 	 				 	$	87,500	 	 	$	87,700	 	 	$	86,200	 	 	$	85,700	 	 					

							
 	  	September 30, 2018	 	 	 	 	 	June 30, 2018	 	 	 	 	 	 	 		
	Risk In-Force by Loan-To-Value Ratio (4),(6) 	  	Primary	 	  	Flow	 	 	Bulk	 	 	 	 	 	Primary	 	 	Flow	 	 	Bulk	 	 	 	 	 	 	 	
95.01% and above	  	$	11,742	 	  	$	11,742	 	 	$	—  	 	 				 	$	12,220	 	 	$	12,220	 	 	$	—  	 	 				 					
90.01% to 95.00%	  	 	21,407	 	  	 	21,402	 	 	 	5	 	 				 	 	21,953	 	 	 	21,948	 	 	 	5	 	 				 					
80.01% to 90.00%	  	 	22,589	 	  	 	22,529	 	 	 	60	 	 				 	 	22,968	 	 	 	22,905	 	 	 	63	 	 				 					
80.00% and below	  	 	21,716	 	  	 	16,171	 	 	 	5,545	 	 				 	 	22,710	 	 	 	16,913	 	 	 	5,797	 	 				 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 				 					
Total	  	$	77,454	 	  	$	71,844	 	 	$	5,610	 	 				 	$	79,851	 	 	$	73,986	 	 	$	5,865	 	 				 					
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 				 					
The loss and expense ratios included above were calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.

(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 from the review of its premium earnings pattern. This adjustment reduced 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 from the review of its premium earnings pattern. These adjustments reduced the expense ratio (net earned premiums) by 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 from the review of its premium earnings pattern. This adjustment reduced the expense ratio (net premiums written) by 29 percentage points and eight percentage points for the three and twelve months ended December 31, 2017, respectively.	
(4)  	The business currently has structured insurance transactions with two lenders where it is in a secondary loss position. The insurance in-force and risk in-force associated with these arrangements are excluded from these metrics. The risk in-force on these transactions was approximately $158 million, $159 million and $160 million as of September 30, 2018, June 30, 2018 and March 31, 2018, respectively.	
(5)  	The business currently provides 100% coverage on the majority of the loans the company insures. For the purpose of representing the risk in-force, Australia has computed an “effective risk in-force” amount which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor that represents the highest expected average per-claim payment for any one underwriting year over the life of the business. This factor was 35% for all periods presented. Australia also has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100% coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor.	
(6)  	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(dollar amounts in millions)

	Primary Insurance (1)	  	September 30, 2018	 	 	June 30, 2018	 	 	March 31, 2018	 	 	December 31, 2017	 	 	September 30, 2017	 	 	 	 	
Insured loans in-force	  	 	1,335,133	 	 	 	1,354,614	 	 	 	1,407,431	 	 	 	1,416,525	 	 	 	1,422,501	 	 					
Insured delinquent loans	  	 	7,350	 	 	 	7,306	 	 	 	6,958	 	 	 	6,696	 	 	 	7,146	 	 					
Insured delinquency rate	  	 	0.55	% 	 	 	0.54	% 	 	 	0.49	% 	 	 	0.47	% 	 	 	0.50	% 	 					
								
Flow loans in-force	  	 	1,229,558	 	 	 	1,247,229	 	 	 	1,296,055	 	 	 	1,303,928	 	 	 	1,308,998	 	 					
Flow delinquent loans	  	 	7,133	 	 	 	7,076	 	 	 	6,735	 	 	 	6,476	 	 	 	6,912	 	 					
Flow delinquency rate	  	 	0.58	% 	 	 	0.57	% 	 	 	0.52	% 	 	 	0.50	% 	 	 	0.53	% 	 					
								
Bulk loans in-force	  	 	105,575	 	 	 	107,385	 	 	 	111,376	 	 	 	112,597	 	 	 	113,503	 	 					
Bulk delinquent loans	  	 	217	 	 	 	230	 	 	 	223	 	 	 	220	 	 	 	234	 	 					
Bulk delinquency rate	  	 	0.21	% 	 	 	0.21	% 	 	 	0.20	% 	 	 	0.20	% 	 	 	0.21	% 	 					
								
	Loss Metrics	  	September 30, 2018	 	 	June 30, 2018	 	 	March 31, 2018	 	 	December 31, 2017	 	 	September 30, 2017	 	 	 	 	
Beginning Reserves	  	$	206	 	 	$	211	 	 	$	218	 	 	$	232	 	 	$	231	 	 					
Paid claims (2)	  	 	(27	) 	 	 	(25	) 	 	 	(35	) 	 	 	(41	) 	 	 	(33	) 	 					
Increase in reserves	  	 	26	 	 	 	29	 	 	 	31	 	 	 	27	 	 	 	29	 	 					
Impact of changes in foreign exchange rates	  	 	(4	) 	 	 	(9	) 	 	 	(3	) 	 	 	—  	 	 	 	5	 	 					
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Ending Reserves	  	$	201	 	 	$	206	 	 	$	211	 	 	$	218	 	 	$	232	 	 					

 	  	September 30, 2018	 	 	June 30, 2018	 	 	September 30, 2017	 		
	State and Territory (1)	  	% 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	% 	 	 	0.38	% 	 	 	28	% 	 	 	0.37	% 	 	 	28	% 	 	 	0.31	% 		
Queensland	  	 	23	 	 	 	0.73	% 	 	 	23	 	 	 	0.73	% 	 	 	23	 	 	 	0.72	% 		
Victoria	  	 	23	 	 	 	0.42	% 	 	 	23	 	 	 	0.42	% 	 	 	23	 	 	 	0.39	% 		
Western Australia	  	 	12	 	 	 	1.01	% 	 	 	12	 	 	 	0.99	% 	 	 	12	 	 	 	0.88	% 		
South Australia	  	 	6	 	 	 	0.70	% 	 	 	6	 	 	 	0.67	% 	 	 	6	 	 	 	0.65	% 		
Australian Capital Territory	  	 	3	 	 	 	0.15	% 	 	 	3	 	 	 	0.18	% 	 	 	3	 	 	 	0.19	% 		
Tasmania	  	 	2	 	 	 	0.35	% 	 	 	2	 	 	 	0.34	% 	 	 	2	 	 	 	0.38	% 		
New Zealand	  	 	2	 	 	 	0.05	% 	 	 	2	 	 	 	0.06	% 	 	 	2	 	 	 	0.06	% 		
Northern Territory	  	 	1	 	 	 	0.70	% 	 	 	1	 	 	 	0.61	% 	 	 	1	 	 	 	0.50	% 		
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 					
Total	  	 	100	% 	 	 	0.55	% 	 	 	100	% 	 	 	0.54	% 	 	 	100	% 	 	 	0.50	% 		

	By Policy Year (1)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2009 and prior	  	 	42	% 	 	 	0.49	% 	 	 	43	% 	 	 	0.49	% 	 	 	45	% 	 	 	0.46	% 		
2010	  	 	4	 	 	 	0.59	% 	 	 	4	 	 	 	0.60	% 	 	 	5	 	 	 	0.56	% 		
2011	  	 	5	 	 	 	0.75	% 	 	 	5	 	 	 	0.75	% 	 	 	5	 	 	 	0.70	% 		
2012	  	 	6	 	 	 	0.93	% 	 	 	6	 	 	 	0.92	% 	 	 	7	 	 	 	0.86	% 		
2013	  	 	7	 	 	 	0.92	% 	 	 	7	 	 	 	0.87	% 	 	 	8	 	 	 	0.77	% 		
2014	  	 	9	 	 	 	0.84	% 	 	 	9	 	 	 	0.79	% 	 	 	9	 	 	 	0.66	% 		
2015	  	 	8	 	 	 	0.64	% 	 	 	8	 	 	 	0.59	% 	 	 	9	 	 	 	0.44	% 		
2016	  	 	7	 	 	 	0.42	% 	 	 	8	 	 	 	0.35	% 	 	 	7	 	 	 	0.18	% 		
2017	  	 	7	 	 	 	0.19	% 	 	 	7	 	 	 	0.11	% 	 	 	5	 	 	 	0.01	% 		
2018	  	 	5	 	 	 	0.02	% 	 	 	3	 	 	 	—  	% 	 	 	—  	 	 	 	—  	% 		
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 					
Total	  	 	100	% 	 	 	0.55	% 	 	 	100	% 	 	 	0.54	% 	 	 	100	% 	 	 	0.50	% 		

(1)  	The business currently has structured insurance transactions with two lenders where it is in a secondary loss position. The loans in-force, including delinquent loans, and risk in-force associated with these arrangements are excluded from these metrics.	
(2)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Selected Key Performance Measures—Australia Mortgage Insurance Segment
(Australian dollar amounts in millions)

 	  	2018	 	  	2017	 		
 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 		
Paid Claims (1)	  			 	  				  				  				  				 				 				 				 					
Flow	  	$	38	 	  	$	33	 	  	$	44	 	  	$	115	 	  	$	51	 	 	$	42	 	 	$	40	 	 	$	33	 	 	$	166	 		
Bulk	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 		
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Total Paid Claims	  	$	38	 	  	$	33	 	  	$	44	 	  	$	115	 	  	$	52	 	 	$	42	 	 	$	40	 	 	$	33	 	 	$	167	 		

Average Paid Claim (in thousands)	  	$	117.2	 	  	$	110.1	 	  	$	119.5	 	  				  	$	134.4	 	 	$	110.6	 	 	$	112.7	 	 	$	92.5	 	 					
	 										
Average Reserve Per Delinquency (in thousands)	  	$	37.9	 	  	$	38.2	 	  	$	39.4	 	  				  	$	41.8	 	 	$	41.5	 	 	$	41.3	 	 	$	42.8	 	 					
	 										
	Loss Metrics	  			 	  				  				  				  				 				 				 				 				
Beginning Reserves	  	$	279	 	  	$	274	 	  	$	280	 	  	$	280	 	  	$	297	 	 	$	301	 	 	$	297	 	 	$	293	 	 	$	293	 		
Paid claims (1)	  	 	(38	) 	  	 	(33	) 	  	 	(44	) 	  	 	(115	) 	  	 	(52	) 	 	 	(42	) 	 	 	(40	) 	 	 	(33	) 	 	 	(167	) 		
Increase in reserves	  	 	37	 	  	 	38	 	  	 	38	 	  	 	113	 	  	 	35	 	 	 	38	 	 	 	44	 	 	 	37	 	 	 	154	 		
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Ending Reserves	  	$	278	 	  	$	279	 	  	$	274	 	  	$	278	 	  	$	280	 	 	$	297	 	 	$	301	 	 	$	297	 	 	$	280	 		
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
	Loan Amount (2),(3)	  			 	  				  				  				  				 				 				 				 				
	 										
Over $550K	  	 	18	% 	  	 	17	% 	  	 	17	% 	  				  	 	17	% 	 	 	17	% 	 	 	16	% 	 	 	16	% 	 					
$400K to $550K	  	 	21	 	  	 	21	 	  	 	20	 	  				  	 	20	 	 	 	20	 	 	 	20	 	 	 	20	 	 					
$250K to $400K	  	 	34	 	  	 	34	 	  	 	35	 	  				  	 	35	 	 	 	35	 	 	 	35	 	 	 	35	 	 					
$100K to $250K	  	 	22	 	  	 	23	 	  	 	23	 	  				  	 	23	 	 	 	23	 	 	 	24	 	 	 	24	 	 					
$100K or Less	  	 	5	 	  	 	5	 	  	 	5	 	  				  	 	5	 	 	 	5	 	 	 	5	 	 	 	5	 	 					
	  	 	 	 	  	 	 	 	  	 	 	 	  				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 					
Total	  	 	100	% 	  	 	100	% 	  	 	100	% 	  				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 					

Average Primary Loan Size (in thousands) (3)	  	$	231	 	  	$	229	 	  	$	228	 	  				  	$	227	 	 	$	226	 	 	$	224	 	 	$	223	 	 					
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.	
(3)  	The business currently has structured insurance transactions with two lenders where it is in a secondary loss position. The loans in-force associated with these arrangements are excluded from these metrics.	
 
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U.S. Life Insurance Segment
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Adjusted Operating Income (Loss)—U.S. Life Insurance Segment
(amounts in millions)

 	  	2018	 	  	2017	 	
 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				  				  				  				  				  				  				
Premiums	  	$	717	 	  	$	712	 	  	$	722	 	  	$	2,151	 	  	$	680	 	  	$	748	 	  	$	736	 	  	$	758	 	  	$	2,922	 	
Net investment income	  	 	696	 	  	 	707	 	  	 	688	 	  	 	2,091	 	  	 	697	 	  	 	683	 	  	 	694	 	  	 	681	 	  	 	2,755	 	
Net investment gains (losses)	  	 	(7	) 	  	 	(10	) 	  	 	8	 	  	 	(9	) 	  	 	43	 	  	 	27	 	  	 	57	 	  	 	7	 	  	 	134	 	
Policy fees and other income	  	 	155	 	  	 	169	 	  	 	163	 	  	 	487	 	  	 	166	 	  	 	154	 	  	 	170	 	  	 	170	 	  	 	660	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	1,561	 	  	 	1,578	 	  	 	1,581	 	  	 	4,720	 	  	 	1,586	 	  	 	1,612	 	  	 	1,657	 	  	 	1,616	 	  	 	6,471	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				  				  				  				  				  				
Benefits and other changes in policy reserves	  	 	1,248	 	  	 	1,163	 	  	 	1,238	 	  	 	3,649	 	  	 	1,298	 	  	 	1,255	 	  	 	1,163	 	  	 	1,164	 	  	 	4,880	 	
Interest credited	  	 	113	 	  	 	116	 	  	 	119	 	  	 	348	 	  	 	117	 	  	 	128	 	  	 	129	 	  	 	132	 	  	 	506	 	
Acquisition and operating expenses, net of deferrals	  	 	144	 	  	 	146	 	  	 	141	 	  	 	431	 	  	 	122	 	  	 	149	 	  	 	144	 	  	 	157	 	  	 	572	 	
Amortization of deferred acquisition costs and intangibles	  	 	53	 	  	 	78	 	  	 	71	 	  	 	202	 	  	 	107	 	  	 	50	 	  	 	101	 	  	 	70	 	  	 	328	 	
Interest expense	  	 	4	 	  	 	4	 	  	 	4	 	  	 	12	 	  	 	4	 	  	 	3	 	  	 	3	 	  	 	3	 	  	 	13	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	1,562	 	  	 	1,507	 	  	 	1,573	 	  	 	4,642	 	  	 	1,648	 	  	 	1,585	 	  	 	1,540	 	  	 	1,526	 	  	 	6,299	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(1	) 	  	 	71	 	  	 	8	 	  	 	78	 	  	 	(62	) 	  	 	27	 	  	 	117	 	  	 	90	 	  	 	172	 	
Provision (benefit) for income taxes	  	 	6	 	  	 	21	 	  	 	6	 	  	 	33	 	  	 	(23	) 	  	 	10	 	  	 	41	 	  	 	32	 	  	 	60	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(7	) 	  	 	50	 	  	 	2	 	  	 	45	 	  	 	(39	) 	  	 	17	 	  	 	76	 	  	 	58	 	  	 	112	 	
	 									
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				  				  				  				  				  				  				  				
Net investment (gains) losses, net (1)	  	 	6	 	  	 	9	 	  	 	(9	) 	  	 	6	 	  	 	(45	) 	  	 	(28	) 	  	 	(57	) 	  	 	(8	) 	  	 	(138	) 	
Taxes on adjustments	  	 	(2	) 	  	 	(2	) 	  	 	2	 	  	 	(2	) 	  	 	15	 	  	 	10	 	  	 	20	 	  	 	3	 	  	 	48	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	(3	) 	  	$	57	 	  	$	(5	) 	  	$	49	 	  	$	(69	) 	  	$	(1	) 	  	$	39	 	  	$	53	 	  	$	22	 	

 
(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	  	$	7	 	  	$	10	 	  	$	(8	) 	  	$	9	 	  	$	(43	) 	  	$	(27	) 	  	$	(57	) 	  	$	(7	) 	  	$	(134	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	(1	) 	  	 	(1	) 	  	 	(1	) 	  	 	(3	) 	  	 	(2	) 	  	 	(1	) 	  	 	—  	 	  	 	(1	) 	  	 	(4	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Net investment (gains) losses, net	  	$	6	 	  	$	9	 	  	$	(9	) 	  	$	6	 	  	$	(45	) 	  	$	(28	) 	  	$	(57	) 	  	$	(8	) 	  	$	(138	) 	

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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
Adjusted Operating Income (Loss)—U.S. Life Insurance Segment—Long-Term Care Insurance
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	 	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				  				 				  				  				  				  				
Premiums	  	$	648	 	  	$	632	 	  	$	631	 	  	$	1,911	 	 	$	595	 	  	$	641	 	  	$	623	 	  	$	634	 	  	$	2,493	 	
Net investment income	  	 	397	 	  	 	399	 	  	 	382	 	  	 	1,178	 	 	 	386	 	  	 	369	 	  	 	369	 	  	 	356	 	  	 	1,480	 	
Net investment gains (losses)	  	 	4	 	  	 	3	 	  	 	6	 	  	 	13	 	 	 	17	 	  	 	23	 	  	 	44	 	  	 	3	 	  	 	87	 	
Policy fees and other income	  	 	(1	) 	  	 	1	 	  	 	1	 	  	 	1	 	 	 	1	 	  	 	—  	 	  	 	—  	 	  	 	1	 	  	 	2	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	1,048	 	  	 	1,035	 	  	 	1,020	 	  	 	3,103	 	 	 	999	 	  	 	1,033	 	  	 	1,036	 	  	 	994	 	  	 	4,062	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				 				  				  				  				  				
Benefits and other changes in policy reserves	  	 	944	 	  	 	874	 	  	 	928	 	  	 	2,746	 	 	 	853	 	  	 	896	 	  	 	821	 	  	 	835	 	  	 	3,405	 	
Interest credited	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	
Acquisition and operating expenses, net of deferrals	  	 	99	 	  	 	101	 	  	 	93	 	  	 	293	 	 	 	80	 	  	 	98	 	  	 	97	 	  	 	112	 	  	 	387	 	
Amortization of deferred acquisition costs and intangibles	  	 	24	 	  	 	22	 	  	 	27	 	  	 	73	 	 	 	22	 	  	 	23	 	  	 	23	 	  	 	23	 	  	 	91	 	
Interest expense	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	 	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	—  	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	1,067	 	  	 	997	 	  	 	1,048	 	  	 	3,112	 	 	 	955	 	  	 	1,017	 	  	 	941	 	  	 	970	 	  	 	3,883	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(19	) 	  	 	38	 	  	 	(28	) 	  	 	(9	) 	 	 	44	 	  	 	16	 	  	 	95	 	  	 	24	 	  	 	179	 	
Provision (benefit) for income taxes	  	 	1	 	  	 	14	 	  	 	(1	) 	  	 	14	 	 	 	15	 	  	 	6	 	  	 	34	 	  	 	8	 	  	 	63	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(20	) 	  	 	24	 	  	 	(27	) 	  	 	(23	) 	 	 	29	 	  	 	10	 	  	 	61	 	  	 	16	 	  	 	116	 	
	 									
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				  				  				 				  				  				  				  				
Net investment (gains) losses	  	 	(4	) 	  	 	(3	) 	  	 	(6	) 	  	 	(13	) 	 	 	(17	) 	  	 	(23	) 	  	 	(44	) 	  	 	(3	) 	  	 	(87	) 	
Taxes on adjustments	  	 	—  	 	  	 	1	 	  	 	1	 	  	 	2	 	 	 	5	 	  	 	8	 	  	 	16	 	  	 	1	 	  	 	30	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	(24	) 	  	$	22	 	  	$	(32	) 	  	$	(34	) 	 	$	17	 	  	$	(5	) 	  	$	33	 	  	$	14	 	  	$	59	 	

RATIOS:	  				  				  				  				 				  				  				  				  				
Loss Ratio (1)	  	 	83.0	% 	  	 	74.6	% 	  	 	84.1	% 	  	 	80.6	% 	 	 	82.0	% 	  	 	78.8	% 	  	 	71.0	% 	  	 	72.0	% 	  	 	75.9	% 	
Gross Benefits Ratio (2)	  	 	146.2	% 	  	 	137.7	% 	  	 	147.2	% 	  	 	143.7	% 	 	 	143.3	% 	  	 	139.8	% 	  	 	131.8	% 	  	 	131.6	% 	  	 	136.6	% 	

(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
THIRD QUARTER 2018
Adjusted Operating Income (Loss)—U.S. Life Insurance Segment—Life Insurance
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	69	 	  	$	80	 	 	$	91	 	 	$	240	 	 	$	85	 	 	$	107	 	 	$	113	 	 	$	124	 	 	$	429	 	
Net investment income	  	 	128	 	  	 	125	 	 	 	124	 	 	 	377	 	 	 	117	 	 	 	124	 	 	 	126	 	 	 	125	 	 	 	492	 	
Net investment gains (losses)	  	 	(4	) 	  	 	(2	) 	 	 	5	 	 	 	(1	) 	 	 	11	 	 	 	7	 	 	 	5	 	 	 	3	 	 	 	26	 	
Policy fees and other income	  	 	152	 	  	 	164	 	 	 	159	 	 	 	475	 	 	 	161	 	 	 	151	 	 	 	167	 	 	 	165	 	 	 	644	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	345	 	  	 	367	 	 	 	379	 	 	 	1,091	 	 	 	374	 	 	 	389	 	 	 	411	 	 	 	417	 	 	 	1,591	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	239	 	  	 	225	 	 	 	247	 	 	 	711	 	 	 	324	 	 	 	280	 	 	 	248	 	 	 	261	 	 	 	1,113	 	
Interest credited	  	 	59	 	  	 	60	 	 	 	61	 	 	 	180	 	 	 	55	 	 	 	63	 	 	 	62	 	 	 	63	 	 	 	243	 	
Acquisition and operating expenses, net of deferrals	  	 	33	 	  	 	33	 	 	 	35	 	 	 	101	 	 	 	34	 	 	 	36	 	 	 	33	 	 	 	33	 	 	 	136	 	
Amortization of deferred acquisition costs and intangibles	  	 	16	 	  	 	42	 	 	 	29	 	 	 	87	 	 	 	78	 	 	 	13	 	 	 	62	 	 	 	29	 	 	 	182	 	
Interest expense	  	 	4	 	  	 	4	 	 	 	4	 	 	 	12	 	 	 	4	 	 	 	3	 	 	 	3	 	 	 	3	 	 	 	13	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	351	 	  	 	364	 	 	 	376	 	 	 	1,091	 	 	 	495	 	 	 	395	 	 	 	408	 	 	 	389	 	 	 	1,687	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(6	) 	  	 	3	 	 	 	3	 	 	 	—  	 	 	 	(121	) 	 	 	(6	) 	 	 	3	 	 	 	28	 	 	 	(96	) 	
Provision (benefit) for income taxes	  	 	(1	) 	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	(43	) 	 	 	(2	) 	 	 	1	 	 	 	10	 	 	 	(34	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(5	) 	  	 	2	 	 	 	3	 	 	 	—  	 	 	 	(78	) 	 	 	(4	) 	 	 	2	 	 	 	18	 	 	 	(62	) 	
	 									
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses	  	 	4	 	  	 	2	 	 	 	(5	) 	 	 	1	 	 	 	(11	) 	 	 	(7	) 	 	 	(5	) 	 	 	(3	) 	 	 	(26	) 	
Taxes on adjustments	  	 	(1	) 	  	 	—  	 	 	 	1	 	 	 	—  	 	 	 	4	 	 	 	2	 	 	 	2	 	 	 	1	 	 	 	9	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	(2	) 	  	$	4	 	 	$	(1	) 	 	$	1	 	 	$	(85	) 	 	$	(9	) 	 	$	(1	) 	 	$	16	 	 	$	(79	) 	

 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Adjusted Operating Income (Loss)—U.S. Life Insurance Segment—Fixed Annuities
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	—	 	  	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	 	$	—	 	
Net investment income	  	 	171	 	  	 	183	 	 	 	182	 	 	 	536	 	 	 	194	 	 	 	190	 	 	 	199	 	 	 	200	 	 	 	783	 	
Net investment gains (losses)	  	 	(7	) 	  	 	(11	) 	 	 	(3	) 	 	 	(21	) 	 	 	15	 	 	 	(3	) 	 	 	8	 	 	 	1	 	 	 	21	 	
Policy fees and other income	  	 	4	 	  	 	4	 	 	 	3	 	 	 	11	 	 	 	4	 	 	 	3	 	 	 	3	 	 	 	4	 	 	 	14	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	168	 	  	 	176	 	 	 	182	 	 	 	526	 	 	 	213	 	 	 	190	 	 	 	210	 	 	 	205	 	 	 	818	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	65	 	  	 	64	 	 	 	63	 	 	 	192	 	 	 	121	 	 	 	79	 	 	 	94	 	 	 	68	 	 	 	362	 	
Interest credited	  	 	54	 	  	 	56	 	 	 	58	 	 	 	168	 	 	 	62	 	 	 	65	 	 	 	67	 	 	 	69	 	 	 	263	 	
Acquisition and operating expenses, net of deferrals	  	 	12	 	  	 	12	 	 	 	13	 	 	 	37	 	 	 	8	 	 	 	15	 	 	 	14	 	 	 	12	 	 	 	49	 	
Amortization of deferred acquisition costs and intangibles	  	 	13	 	  	 	14	 	 	 	15	 	 	 	42	 	 	 	7	 	 	 	14	 	 	 	16	 	 	 	18	 	 	 	55	 	
Interest expense	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	144	 	  	 	146	 	 	 	149	 	 	 	439	 	 	 	198	 	 	 	173	 	 	 	191	 	 	 	167	 	 	 	729	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	24	 	  	 	30	 	 	 	33	 	 	 	87	 	 	 	15	 	 	 	17	 	 	 	19	 	 	 	38	 	 	 	89	 	
Provision for income taxes	  	 	6	 	  	 	6	 	 	 	7	 	 	 	19	 	 	 	5	 	 	 	6	 	 	 	6	 	 	 	14	 	 	 	31	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	18	 	  	 	24	 	 	 	26	 	 	 	68	 	 	 	10	 	 	 	11	 	 	 	13	 	 	 	24	 	 	 	58	 	
	 									
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	  	 	6	 	  	 	10	 	 	 	2	 	 	 	18	 	 	 	(17	) 	 	 	2	 	 	 	(8	) 	 	 	(2	) 	 	 	(25	) 	
Taxes on adjustments	  	 	(1	) 	  	 	(3	) 	 	 	—  	 	 	 	(4	) 	 	 	6	 	 	 	—  	 	 	 	2	 	 	 	1	 	 	 	9	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	23	 	  	$	31	 	 	$	28	 	 	$	82	 	 	$	(1	) 	 	$	13	 	 	$	7	 	 	$	23	 	 	$	42	 	

 
(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	  	$	7	 	  	$	11	 	 	$	3	 	 	$	21	 	 	$	(15	) 	 	$	3	 	 	$	(8	) 	 	$	(1	) 	 	$	(21	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	(1	) 	  	 	(1	) 	 	 	(1	) 	 	 	(3	) 	 	 	(2	) 	 	 	(1	) 	 	 	—  	 	 	 	(1	) 	 	 	(4	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	  	$	6	 	  	$	10	 	 	$	2	 	 	$	18	 	 	$	(17	) 	 	$	2	 	 	$	(8	) 	 	$	(2	) 	 	$	(25	) 	

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Runoff Segment

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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Adjusted Operating Income—Runoff Segment
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Net investment income	  	$	44	 	  	$	43	 	 	$	42	 	 	$	129	 	 	$	41	 	 	$	40	 	 	$	41	 	 	$	38	 	 	$	160	 	
Net investment gains (losses)	  	 	(3	) 	  	 	(1	) 	 	 	(14	) 	 	 	(18	) 	 	 	(8	) 	 	 	9	 	 	 	7	 	 	 	8	 	 	 	16	 	
Policy fees and other income	  	 	38	 	  	 	38	 	 	 	40	 	 	 	116	 	 	 	40	 	 	 	41	 	 	 	41	 	 	 	41	 	 	 	163	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	79	 	  	 	80	 	 	 	68	 	 	 	227	 	 	 	73	 	 	 	90	 	 	 	89	 	 	 	87	 	 	 	339	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	7	 	  	 	7	 	 	 	8	 	 	 	22	 	 	 	8	 	 	 	5	 	 	 	9	 	 	 	4	 	 	 	26	 	
Interest credited	  	 	38	 	  	 	36	 	 	 	37	 	 	 	111	 	 	 	35	 	 	 	36	 	 	 	34	 	 	 	35	 	 	 	140	 	
Acquisition and operating expenses, net of deferrals	  	 	14	 	  	 	14	 	 	 	15	 	 	 	43	 	 	 	14	 	 	 	16	 	 	 	16	 	 	 	15	 	 	 	61	 	
Amortization of deferred acquisition costs and intangibles	  	 	5	 	  	 	8	 	 	 	7	 	 	 	20	 	 	 	4	 	 	 	7	 	 	 	7	 	 	 	6	 	 	 	24	 	
Interest expense	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	64	 	  	 	65	 	 	 	67	 	 	 	196	 	 	 	62	 	 	 	64	 	 	 	67	 	 	 	60	 	 	 	253	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	15	 	  	 	15	 	 	 	1	 	 	 	31	 	 	 	11	 	 	 	26	 	 	 	22	 	 	 	27	 	 	 	86	 	
Provision for income taxes	  	 	2	 	  	 	3	 	 	 	—  	 	 	 	5	 	 	 	2	 	 	 	8	 	 	 	7	 	 	 	8	 	 	 	25	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	13	 	  	 	12	 	 	 	1	 	 	 	26	 	 	 	9	 	 	 	18	 	 	 	15	 	 	 	19	 	 	 	61	 	
	 									
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net (1)	  	 	1	 	  	 	1	 	 	 	12	 	 	 	14	 	 	 	7	 	 	 	(8	) 	 	 	(7	) 	 	 	(7	) 	 	 	(15	) 	
Taxes on adjustments	  	 	—  	 	  	 	—  	 	 	 	(3	) 	 	 	(3	) 	 	 	(3	) 	 	 	3	 	 	 	3	 	 	 	2	 	 	 	5	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME	  	$	14	 	  	$	13	 	 	$	10	 	 	$	37	 	 	$	13	 	 	$	13	 	 	$	11	 	 	$	14	 	 	$	51	 	

 
(1)   Net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves as reconciled below:
 	   
	
Net investment (gains) losses, gross	  	$	3	 	  	$	1	 	 	$	14	 	 	$	18	 	 	$	8	 	 	$	(9	) 	 	$	(7	) 	 	$	(8	) 	 	$	(16	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	(2	) 	  	 	—  	 	 	 	(2	) 	 	 	(4	) 	 	 	(1	) 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	1	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment (gains) losses, net	  	$	1	 	  	$	1	 	 	$	12	 	 	$	14	 	 	$	7	 	 	$	(8	) 	 	$	(7	) 	 	$	(7	) 	 	$	(15	) 	

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Corporate and Other
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Adjusted Operating Income (Loss)—Corporate and Other (1) 
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	1	 	  	$	3	 	 	$	2	 	 	$	6	 	 	$	2	 	 	$	3	 	 	$	1	 	 	$	2	 	 	$	8	 	
Net investment income	  	 	1	 	  	 	3	 	 	 	2	 	 	 	6	 	 	 	—  	 	 	 	4	 	 	 	—  	 	 	 	1	 	 	 	5	 	
Net investment gains (losses)	  	 	(7	) 	  	 	—  	 	 	 	(1	) 	 	 	(8	) 	 	 	(7	) 	 	 	(7	) 	 	 	(12	) 	 	 	(12	) 	 	 	(38	) 	
Policy fees and other income	  	 	(1	) 	  	 	1	 	 	 	(2	) 	 	 	(2	) 	 	 	—  	 	 	 	1	 	 	 	(2	) 	 	 	(1	) 	 	 	(2	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	(6	) 	  	 	7	 	 	 	1	 	 	 	2	 	 	 	(5	) 	 	 	1	 	 	 	(13	) 	 	 	(10	) 	 	 	(27	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1	 	  	 	1	 	 	 	1	 	 	 	3	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	1	 	 	 	3	 	
Acquisition and operating expenses, net of deferrals	  	 	12	 	  	 	11	 	 	 	11	 	 	 	34	 	 	 	30	 	 	 	19	 	 	 	14	 	 	 	14	 	 	 	77	 	
Amortization of deferred acquisition costs and intangibles	  	 	—  	 	  	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	—  	 	 	 	2	 	
Interest expense	  	 	61	 	  	 	67	 	 	 	65	 	 	 	193	 	 	 	63	 	 	 	63	 	 	 	63	 	 	 	53	 	 	 	242	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	74	 	  	 	79	 	 	 	78	 	 	 	231	 	 	 	93	 	 	 	86	 	 	 	77	 	 	 	68	 	 	 	324	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(80	) 	  	 	(72	) 	 	 	(77	) 	 	 	(229	) 	 	 	(98	) 	 	 	(85	) 	 	 	(90	) 	 	 	(78	) 	 	 	(351	) 	
Provision (benefit) for income taxes	  	 	(28	) 	  	 	3	 	 	 	(17	) 	 	 	(42	) 	 	 	(483	) 	 	 	(23	) 	 	 	(39	) 	 	 	(23	) 	 	 	(568	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(52	) 	  	 	(75	) 	 	 	(60	) 	 	 	(187	) 	 	 	385	 	 	 	(62	) 	 	 	(51	) 	 	 	(55	) 	 	 	217	 	
	 									
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses	  	 	7	 	  	 	—  	 	 	 	1	 	 	 	8	 	 	 	7	 	 	 	7	 	 	 	12	 	 	 	12	 	 	 	38	 	
Expenses related to restructuring	  	 	2	 	  	 	—  	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	
Taxes on adjustments	  	 	(2	) 	  	 	—  	 	 	 	—  	 	 	 	(2	) 	 	 	(2	) 	 	 	(3	) 	 	 	(4	) 	 	 	(4	) 	 	 	(13	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
ADJUSTED OPERATING INCOME (LOSS)	  	$	(45	) 	  	$	(75	) 	 	$	(59	) 	 	$	(179	) 	 	$	390	 	 	$	(58	) 	 	$	(43	) 	 	$	(46	) 	 	$	243	 	

 

(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.	
 
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Table of Contents
 
Additional Financial Data
 
42

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Investments Summary
(amounts in millions)

 	 	 	 	September 30, 2018	 	 	June 30, 2018	 	 	March 31, 2018	 	 	December 31, 2017	 	 	September 30, 2017	 		
 	 	 	 	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	 	$	32,496	 	 	 	45	% 	 	$	32,813	 	 	 	45	% 	 	$	33,438	 	 	 	45	% 	 	$	34,281	 	 	 	45	% 	 	$	34,315	 	 	 	45	% 		
Private fixed maturity securities	 	 	12,628	 	 	 	17	 	 	 	12,362	 	 	 	17	 	 	 	12,278	 	 	 	16	 	 	 	12,504	 	 	 	16	 	 	 	12,354	 	 	 	16	 		
Residential mortgage-backed securities (1)	 	 	3,178	 	 	 	5	 	 	 	3,522	 	 	 	5	 	 	 	3,780	 	 	 	5	 	 	 	4,000	 	 	 	6	 	 	 	4,148	 	 	 	6	 		
Commercial mortgage-backed securities	 	 	3,146	 	 	 	4	 	 	 	3,340	 	 	 	5	 	 	 	3,332	 	 	 	4	 	 	 	3,426	 	 	 	5	 	 	 	3,393	 	 	 	5	 		
Other asset-backed securities	 	 	3,044	 	 	 	4	 	 	 	2,950	 	 	 	4	 	 	 	3,067	 	 	 	4	 	 	 	3,060	 	 	 	4	 	 	 	3,057	 	 	 	4	 		
State and political subdivisions	 	 	2,795	 	 	 	4	 	 	 	2,855	 	 	 	4	 	 	 	2,876	 	 	 	4	 	 	 	2,926	 	 	 	4	 	 	 	2,860	 	 	 	4	 		
Non-investment grade fixed maturity securities	 	 	2,117	 	 	 	3	 	 	 	2,190	 	 	 	3	 	 	 	2,309	 	 	 	3	 	 	 	2,328	 	 	 	3	 	 	 	2,425	 	 	 	3	 		
Equity securities:	 				 			 	 				 				 				 				 				 				 				 					
Common stocks and mutual funds	 	 	171	 	 	 	—  	 	 	 	164	 	 	 	—  	 	 	 	210	 	 	 	1	 	 	 	229	 	 	 	—  	 	 	 	211	 	 	 	—  	 		
Preferred stocks	 	 	612	 	 	 	1	 	 	 	594	 	 	 	1	 	 	 	589	 	 	 	1	 	 	 	591	 	 	 	1	 	 	 	554	 	 	 	1	 		
Commercial mortgage loans	 	 	6,568	 	 	 	9	 	 	 	6,480	 	 	 	9	 	 	 	6,336	 	 	 	8	 	 	 	6,341	 	 	 	8	 	 	 	6,268	 	 	 	8	 		
Restricted commercial mortgage loans related to securitization entities	 	 	87	 	 	 	—  	 	 	 	90	 	 	 	—  	 	 	 	99	 	 	 	—  	 	 	 	107	 	 	 	—  	 	 	 	111	 	 	 	—  	 		
Policy loans	 	 	1,859	 	 	 	3	 	 	 	1,872	 	 	 	3	 	 	 	1,789	 	 	 	2	 	 	 	1,786	 	 	 	3	 	 	 	1,818	 	 	 	3	 		
Cash, cash equivalents, restricted cash and short-term investments	 	 	2,864	 	 	 	4	 	 	 	2,951	 	 	 	4	 	 	 	3,605	 	 	 	5	 	 	 	3,777	 	 	 	5	 	 	 	3,623	 	 	 	5	 		
Securities lending	 	 	166	 	 	 	—  	 	 	 	211	 	 	 	—  	 	 	 	252	 	 	 	1	 	 	 	268	 	 	 	—  	 	 	 	237	 	 	 	—  	 		
Other invested assets:	 	Limited partnerships	 	 	372	 	 	 	1	 	 	 	335	 	 	 	—  	 	 	 	301	 	 	 	1	 	 	 	258	 	 	 	—  	 	 	 	244	 	 	 	—  	 		
	 	Derivatives: (2)	 				 			 	 				 				 				 				 				 				 				 					
	 	Long-term care (LTC) forward starting swap—cash flow	 	 	36	 	 	 	—  	 	 	 	49	 	 	 	—  	 	 	 	54	 	 	 	—  	 	 	 	74	 	 	 	—  	 	 	 	70	 	 	 	—  	 		
	 	Other cash flow	 	 	2	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	 	 	—  	 		
	 	Equity index options—non-qualified	 	 	80	 	 	 	—  	 	 	 	70	 	 	 	—  	 	 	 	60	 	 	 	—  	 	 	 	80	 	 	 	—  	 	 	 	81	 	 	 	—  	 		
	 	Other non-qualified	 	 	127	 	 	 	—  	 	 	 	109	 	 	 	—  	 	 	 	114	 	 	 	—  	 	 	 	121	 	 	 	—  	 	 	 	108	 	 	 	—  	 		
	 	Other	 	 	212	 	 	 	—  	 	 	 	166	 	 	 	—  	 	 	 	130	 	 	 	—  	 	 	 	109	 	 	 	—  	 	 	 	61	 	 	 	—  	 		
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Total invested assets and cash	 	$	72,560	 	 	 	100	% 	 	$	73,125	 	 	 	100	% 	 	$	74,620	 	 	 	100	% 	 	$	76,267	 	 	 	100	% 	 	$	75,940	 	 	 	100	% 		
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
	Public Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	NRSRO (3) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	11,642	 	 	 	28	% 	 	$	12,269	 	 	 	29	% 	 	$	12,673	 	 	 	29	% 	 	$	13,248	 	 	 	29	% 	 	$	13,494	 	 	 	30	% 		
AA	 		 	 	4,358	 	 	 	10	 	 	 	4,428	 	 	 	10	 	 	 	4,409	 	 	 	10	 	 	 	4,380	 	 	 	10	 	 	 	4,221	 	 	 	9	 		
A	 		 	 	11,984	 	 	 	28	 	 	 	12,174	 	 	 	28	 	 	 	12,637	 	 	 	28	 	 	 	13,261	 	 	 	29	 	 	 	13,328	 	 	 	29	 		
BBB	 		 	 	12,994	 	 	 	31	 	 	 	12,929	 	 	 	30	 	 	 	13,164	 	 	 	30	 	 	 	13,271	 	 	 	29	 	 	 	13,262	 	 	 	29	 		
BB	 		 	 	1,156	 	 	 	3	 	 	 	1,221	 	 	 	3	 	 	 	1,328	 	 	 	3	 	 	 	1,356	 	 	 	3	 	 	 	1,413	 	 	 	3	 		
B	 		 	 	130	 	 	 	—  	 	 	 	123	 	 	 	—  	 	 	 	126	 	 	 	—  	 	 	 	109	 	 	 	—  	 	 	 	115	 	 	 	—  	 		
CCC and lower	 		 	 	27	 	 	 	—  	 	 	 	31	 	 	 	—  	 	 	 	40	 	 	 	—  	 	 	 	40	 	 	 	—  	 	 	 	49	 	 	 	—  	 		
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Total public fixed maturity securities	 	$	42,291	 	 	 	100	% 	 	$	43,175	 	 	 	100	% 	 	$	44,377	 	 	 	100	% 	 	$	45,665	 	 	 	100	% 	 	$	45,882	 	 	 	100	% 		
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
	Private Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	NRSRO (3) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	2,109	 	 	 	12	% 	 	$	2,045	 	 	 	12	% 	 	$	1,973	 	 	 	12	% 	 	$	1,848	 	 	 	11	% 	 	$	1,818	 	 	 	11	% 		
AA	 		 	 	2,224	 	 	 	13	 	 	 	2,156	 	 	 	13	 	 	 	2,125	 	 	 	13	 	 	 	2,148	 	 	 	13	 	 	 	2,039	 	 	 	12	 		
A	 		 	 	4,695	 	 	 	27	 	 	 	4,750	 	 	 	28	 	 	 	4,731	 	 	 	28	 	 	 	4,856	 	 	 	29	 	 	 	4,835	 	 	 	29	 		
BBB	 		 	 	7,281	 	 	 	43	 	 	 	7,091	 	 	 	42	 	 	 	7,059	 	 	 	42	 	 	 	7,185	 	 	 	43	 	 	 	7,130	 	 	 	43	 		
BB	 		 	 	724	 	 	 	4	 	 	 	733	 	 	 	4	 	 	 	762	 	 	 	5	 	 	 	765	 	 	 	4	 	 	 	801	 	 	 	5	 		
B	 		 	 	78	 	 	 	1	 	 	 	80	 	 	 	1	 	 	 	51	 	 	 	—  	 	 	 	48	 	 	 	—  	 	 	 	38	 	 	 	—  	 		
CCC and lower	 		 	 	2	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	10	 	 	 	—  	 	 	 	9	 	 	 	—  	 		
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 		
Total private fixed maturity securities	 	$	17,113	 	 	 	100	% 	 	$	16,857	 	 	 	100	% 	 	$	16,703	 	 	 	100	% 	 	$	16,860	 	 	 	100	% 	 	$	16,670	 	 	 	100	% 		

 

(1)  	The company does not have any material exposure to residential mortgage-backed securities collateralized debt obligations (CDOs).	
(2)	Certain derivative balances have been reclassified as of June 30, 2018 and March 31, 2018 to conform to the current period presentation.	
(3)  	Nationally Recognized Statistical Rating Organizations.	
 
43

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Fixed Maturity Securities Summary
(amounts in millions)

 	  	September 30, 2018	 	  	June 30, 2018	 	 	March 31, 2018	 	 	December 31, 2017	 	 	September 30, 2017	 	
 	  	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	  	$	5,181	 	  	 	9	% 	  	$	5,353	 	  	 	9	% 	 	$	5,398	 	  	 	9	% 	 	$	5,548	 	  	 	9	% 	 	$	5,670	 	  	 	9	% 	
State and political subdivisions	  	 	2,795	 	  	 	5	 	  	 	2,855	 	  	 	5	 	 	 	2,876	 	  	 	5	 	 	 	2,926	 	  	 	5	 	 	 	2,860	 	  	 	5	 	
Foreign government	  	 	2,289	 	  	 	4	 	  	 	2,380	 	  	 	4	 	 	 	2,299	 	  	 	4	 	 	 	2,233	 	  	 	4	 	 	 	2,226	 	  	 	4	 	
U.S. corporate	  	 	27,538	 	  	 	46	 	  	 	27,569	 	  	 	46	 	 	 	27,998	 	  	 	46	 	 	 	28,636	 	  	 	46	 	 	 	28,482	 	  	 	45	 	
Foreign corporate	  	 	12,173	 	  	 	20	 	  	 	12,002	 	  	 	20	 	 	 	12,257	 	  	 	20	 	 	 	12,611	 	  	 	20	 	 	 	12,623	 	  	 	20	 	
Residential mortgage-backed securities	  	 	3,222	 	  	 	6	 	  	 	3,567	 	  	 	6	 	 	 	3,836	 	  	 	6	 	 	 	4,057	 	  	 	6	 	 	 	4,209	 	  	 	7	 	
Commercial mortgage-backed securities	  	 	3,156	 	  	 	5	 	  	 	3,349	 	  	 	5	 	 	 	3,342	 	  	 	5	 	 	 	3,446	 	  	 	5	 	 	 	3,414	 	  	 	5	 	
Other asset-backed securities	  	 	3,050	 	  	 	5	 	  	 	2,957	 	  	 	5	 	 	 	3,074	 	  	 	5	 	 	 	3,068	 	  	 	5	 	 	 	3,068	 	  	 	5	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	59,404	 	  	 	100	% 	  	$	60,032	 	  	 	100	% 	 	$	61,080	 	  	 	100	% 	 	$	62,525	 	  	 	100	% 	 	$	62,552	 	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Corporate Bond Holdings—Industry Sector:	  				  			 	  				  				 				  				 				  				 				  				
Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	$	8,712	 	  	 	22	% 	  	$	8,616	 	  	 	22	% 	 	$	8,934	 	  	 	22	% 	 	$	9,064	 	  	 	22	% 	 	$	9,062	 	  	 	22	% 	
Utilities	  	 	5,674	 	  	 	14	 	  	 	5,785	 	  	 	15	 	 	 	5,800	 	  	 	15	 	 	 	5,951	 	  	 	15	 	 	 	5,920	 	  	 	14	 	
Energy	  	 	3,358	 	  	 	8	 	  	 	3,310	 	  	 	8	 	 	 	3,381	 	  	 	8	 	 	 	3,442	 	  	 	8	 	 	 	3,360	 	  	 	8	 	
Consumer—non-cyclical	  	 	5,232	 	  	 	13	 	  	 	5,042	 	  	 	13	 	 	 	5,124	 	  	 	13	 	 	 	5,363	 	  	 	13	 	 	 	5,385	 	  	 	13	 	
Consumer—cyclical	  	 	1,887	 	  	 	5	 	  	 	1,875	 	  	 	5	 	 	 	1,866	 	  	 	5	 	 	 	1,973	 	  	 	5	 	 	 	1,950	 	  	 	5	 	
Capital goods	  	 	2,788	 	  	 	7	 	  	 	2,815	 	  	 	7	 	 	 	2,838	 	  	 	7	 	 	 	2,837	 	  	 	7	 	 	 	2,753	 	  	 	7	 	
Industrial	  	 	1,899	 	  	 	5	 	  	 	2,028	 	  	 	5	 	 	 	2,089	 	  	 	5	 	 	 	2,143	 	  	 	5	 	 	 	2,141	 	  	 	5	 	
Technology and communications	  	 	3,424	 	  	 	9	 	  	 	3,346	 	  	 	8	 	 	 	3,329	 	  	 	8	 	 	 	3,422	 	  	 	8	 	 	 	3,336	 	  	 	8	 	
Transportation	  	 	1,945	 	  	 	5	 	  	 	1,973	 	  	 	5	 	 	 	1,943	 	  	 	5	 	 	 	2,001	 	  	 	5	 	 	 	1,993	 	  	 	5	 	
Other	  	 	2,879	 	  	 	7	 	  	 	2,836	 	  	 	7	 	 	 	2,909	 	  	 	7	 	 	 	3,001	 	  	 	7	 	 	 	3,066	 	  	 	8	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	37,798	 	  	 	95	 	  	 	37,626	 	  	 	95	 	 	 	38,213	 	  	 	95	 	 	 	39,197	 	  	 	95	 	 	 	38,966	 	  	 	95	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Non-Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	 	177	 	  	 	—  	 	  	 	196	 	  	 	—  	 	 	 	201	 	  	 	1	 	 	 	199	 	  	 	1	 	 	 	221	 	  	 	1	 	
Utilities	  	 	57	 	  	 	—  	 	  	 	56	 	  	 	—  	 	 	 	77	 	  	 	—  	 	 	 	64	 	  	 	—  	 	 	 	65	 	  	 	—  	 	
Energy	  	 	357	 	  	 	1	 	  	 	359	 	  	 	1	 	 	 	456	 	  	 	1	 	 	 	506	 	  	 	1	 	 	 	543	 	  	 	1	 	
Consumer—non-cyclical	  	 	193	 	  	 	1	 	  	 	201	 	  	 	1	 	 	 	224	 	  	 	1	 	 	 	180	 	  	 	1	 	 	 	159	 	  	 	—  	 	
Consumer—cyclical	  	 	220	 	  	 	1	 	  	 	220	 	  	 	1	 	 	 	176	 	  	 	—  	 	 	 	172	 	  	 	—  	 	 	 	188	 	  	 	1	 	
Capital goods	  	 	154	 	  	 	—  	 	  	 	157	 	  	 	—  	 	 	 	173	 	  	 	—  	 	 	 	163	 	  	 	—  	 	 	 	155	 	  	 	—  	 	
Industrial	  	 	219	 	  	 	1	 	  	 	232	 	  	 	1	 	 	 	219	 	  	 	1	 	 	 	247	 	  	 	1	 	 	 	263	 	  	 	1	 	
Technology and communications	  	 	448	 	  	 	1	 	  	 	442	 	  	 	1	 	 	 	418	 	  	 	1	 	 	 	405	 	  	 	1	 	 	 	418	 	  	 	1	 	
Transportation	  	 	13	 	  	 	—  	 	  	 	6	 	  	 	—  	 	 	 	17	 	  	 	—  	 	 	 	11	 	  	 	—  	 	 	 	31	 	  	 	—  	 	
Other	  	 	75	 	  	 	—  	 	  	 	76	 	  	 	—  	 	 	 	81	 	  	 	—  	 	 	 	103	 	  	 	—  	 	 	 	96	 	  	 	—  	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	1,913	 	  	 	5	 	  	 	1,945	 	  	 	5	 	 	 	2,042	 	  	 	5	 	 	 	2,050	 	  	 	5	 	 	 	2,139	 	  	 	5	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	39,711	 	  	 	100	% 	  	$	39,571	 	  	 	100	% 	 	$	40,255	 	  	 	100	% 	 	$	41,247	 	  	 	100	% 	 	$	41,105	 	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Fixed Maturity Securities—Contractual Maturity Dates:	  				  			 	  				  				 				  				 				  				 				  				
Due in one year or less	  	$	1,719	 	  	 	3	% 	  	$	1,701	 	  	 	3	% 	 	$	1,677	 	  	 	3	% 	 	$	1,738	 	  	 	3	% 	 	$	1,966	 	  	 	3	% 	
Due after one year through five years	  	 	10,987	 	  	 	18	 	  	 	11,149	 	  	 	19	 	 	 	11,146	 	  	 	18	 	 	 	11,197	 	  	 	18	 	 	 	11,333	 	  	 	18	 	
Due after five years through ten years	  	 	12,531	 	  	 	21	 	  	 	12,601	 	  	 	21	 	 	 	12,876	 	  	 	21	 	 	 	12,865	 	  	 	20	 	 	 	12,933	 	  	 	21	 	
Due after ten years	  	 	24,739	 	  	 	42	 	  	 	24,708	 	  	 	41	 	 	 	25,129	 	  	 	41	 	 	 	26,154	 	  	 	42	 	 	 	25,629	 	  	 	41	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	49,976	 	  	 	84	 	  	 	50,159	 	  	 	84	 	 	 	50,828	 	  	 	83	 	 	 	51,954	 	  	 	83	 	 	 	51,861	 	  	 	83	 	
Mortgage and asset-backed securities	  	 	9,428	 	  	 	16	 	  	 	9,873	 	  	 	16	 	 	 	10,252	 	  	 	17	 	 	 	10,571	 	  	 	17	 	 	 	10,691	 	  	 	17	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	59,404	 	  	 	100	% 	  	$	60,032	 	  	 	100	% 	 	$	61,080	 	  	 	100	% 	 	$	62,525	 	  	 	100	% 	 	$	62,552	 	  	 	100	% 	

 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 General Account U.S. GAAP Net Investment Income Yields
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
U.S. GAAP Net Investment Income	  			 	  				 				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	$	643	 	  	$	651	 	 	$	635	 	 	$	1,929	 	 	$	648	 	 	$	640	 	 	$	649	 	 	$	641	 	 	$	2,578	 	
Fixed maturity securities—non-taxable	  	 	3	 	  	 	3	 	 	 	3	 	 	 	9	 	 	 	3	 	 	 	3	 	 	 	3	 	 	 	3	 	 	 	12	 	
Commercial mortgage loans	  	 	81	 	  	 	77	 	 	 	82	 	 	 	240	 	 	 	75	 	 	 	78	 	 	 	76	 	 	 	77	 	 	 	306	 	
Restricted commercial mortgage loans related to securitization entities	  	 	1	 	  	 	2	 	 	 	2	 	 	 	5	 	 	 	2	 	 	 	3	 	 	 	2	 	 	 	2	 	 	 	9	 	
Equity securities	  	 	11	 	  	 	10	 	 	 	10	 	 	 	31	 	 	 	10	 	 	 	9	 	 	 	9	 	 	 	8	 	 	 	36	 	
Other invested assets	  	 	41	 	  	 	42	 	 	 	37	 	 	 	120	 	 	 	39	 	 	 	35	 	 	 	30	 	 	 	31	 	 	 	135	 	
Limited partnerships	  	 	3	 	  	 	11	 	 	 	2	 	 	 	16	 	 	 	12	 	 	 	4	 	 	 	5	 	 	 	1	 	 	 	22	 	
Restricted other invested assets related to securitization entities	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	
Policy loans	  	 	41	 	  	 	41	 	 	 	43	 	 	 	125	 	 	 	33	 	 	 	39	 	 	 	39	 	 	 	42	 	 	 	153	 	
Cash, cash equivalents, restricted cash and short-term investments	  	 	13	 	  	 	14	 	 	 	12	 	 	 	39	 	 	 	10	 	 	 	10	 	 	 	10	 	 	 	6	 	 	 	36	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	837	 	  	 	851	 	 	 	826	 	 	 	2,514	 	 	 	832	 	 	 	821	 	 	 	824	 	 	 	811	 	 	 	3,288	 	
Expenses and fees	  	 	(22	) 	  	 	(23	) 	 	 	(22	) 	 	 	(67	) 	 	 	(20	) 	 	 	(24	) 	 	 	(23	) 	 	 	(21	) 	 	 	(88	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	$	815	 	  	$	828	 	 	$	804	 	 	$	2,447	 	 	$	812	 	 	$	797	 	 	$	801	 	 	$	790	 	 	$	3,200	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Annualized Yields	  			 	  				 				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	 	4.5	% 	  	 	4.5	% 	 	 	4.4	% 	 	 	4.5	% 	 	 	4.5	% 	 	 	4.5	% 	 	 	4.6	% 	 	 	4.5	% 	 	 	4.5	% 	
Fixed maturity securities—non-taxable	  	 	3.9	% 	  	 	3.8	% 	 	 	3.7	% 	 	 	3.8	% 	 	 	3.7	% 	 	 	3.7	% 	 	 	3.7	% 	 	 	3.7	% 	 	 	3.7	% 	
Commercial mortgage loans	  	 	5.0	% 	  	 	4.8	% 	 	 	5.2	% 	 	 	5.0	% 	 	 	4.8	% 	 	 	5.0	% 	 	 	4.9	% 	 	 	5.0	% 	 	 	4.9	% 	
Restricted commercial mortgage loans related to securitization entities	  	 	4.5	% 	  	 	8.4	% 	 	 	7.8	% 	 	 	6.9	% 	 	 	7.3	% 	 	 	10.5	% 	 	 	6.7	% 	 	 	6.4	% 	 	 	7.7	% 	
Equity securities	  	 	5.7	% 	  	 	5.1	% 	 	 	5.1	% 	 	 	5.3	% 	 	 	5.4	% 	 	 	5.1	% 	 	 	5.3	% 	 	 	4.9	% 	 	 	5.2	% 	
Other invested assets	  	 	107.9	% 	  	 	150.0	% 	 	 	129.8	% 	 	 	120.3	% 	 	 	167.7	% 	 	 	1251.7	% 	 	 	601.0	% 	 	 	81.1	% 	 	 	132.4	% 	
Limited partnerships (1)	  	 	3.4	% 	  	 	13.8	% 	 	 	2.9	% 	 	 	6.7	% 	 	 	19.1	% 	 	 	6.6	% 	 	 	8.6	% 	 	 	1.9	% 	 	 	9.4	% 	
Restricted other invested assets related to securitization entities	  	 	—  	% 	  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	4.8	% 	 	 	—  	% 	 	 	1.1	% 	
Policy loans	  	 	8.8	% 	  	 	9.0	% 	 	 	9.6	% 	 	 	9.1	% 	 	 	7.3	% 	 	 	8.6	% 	 	 	8.7	% 	 	 	9.6	% 	 	 	8.6	% 	
Cash, cash equivalents, restricted cash and short-term investments	  	 	1.8	% 	  	 	1.7	% 	 	 	1.3	% 	 	 	1.6	% 	 	 	1.1	% 	 	 	1.1	% 	 	 	1.0	% 	 	 	0.7	% 	 	 	1.0	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	4.8	% 	  	 	4.8	% 	 	 	4.8	% 	 	 	4.8	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.7	% 	
Expenses and fees	  	 	-0.2	% 	  	 	-0.1	% 	 	 	-0.2	% 	 	 	-0.2	% 	 	 	-0.1	% 	 	 	-0.2	% 	 	 	-0.1	% 	 	 	-0.2	% 	 	 	-0.1	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	 	4.6	% 	  	 	4.7	% 	 	 	4.6	% 	 	 	4.6	% 	 	 	4.6	% 	 	 	4.5	% 	 	 	4.6	% 	 	 	4.5	% 	 	 	4.6	% 	

Yields are based on net investment income as reported under U.S. 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 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
THIRD QUARTER 2018
 Net Investment Gains (Losses), Net—Detail
(amounts in millions)

 	  	2018	 	 	2017	 	
 	  	3Q	 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net realized gains (losses) on available-for-sale securities:	  			 	  				 				 				 				 				 				 				 				
Fixed maturity securities:	  			 	  				 				 				 				 				 				 				 				
U.S. corporate	  	$	(6	) 	  	$	(7	) 	 	$	(3	) 	 	$	(16	) 	 	$	38	 	 	$	27	 	 	$	56	 	 	$	15	 	 	$	136	 	
U.S. government, agencies and government-sponsored enterprises	  	 	1	 	  	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	(10	) 	 	 	(8	) 	
Foreign corporate	  	 	—  	 	  	 	(2	) 	 	 	(3	) 	 	 	(5	) 	 	 	1	 	 	 	(2	) 	 	 	3	 	 	 	20	 	 	 	22	 	
Foreign government	  	 	(2	) 	  	 	—  	 	 	 	—  	 	 	 	(2	) 	 	 	—  	 	 	 	(1	) 	 	 	1	 	 	 	2	 	 	 	2	 	
Mortgage-backed securities	  	 	(2	) 	  	 	2	 	 	 	(2	) 	 	 	(2	) 	 	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	
Asset-backed securities	  	 	—  	 	  	 	(1	) 	 	 	—  	 	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	(8	) 	 	 	(5	) 	 	 	(14	) 	
Equity securities (1)	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	2	 	 	 	3	 	 	 	—  	 	 	 	2	 	 	 	7	 	
Foreign exchange	  	 	1	 	  	 	—  	 	 	 	(1	) 	 	 	—  	 	 	 	1	 	 	 	3	 	 	 	10	 	 	 	5	 	 	 	19	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities	  	 	(8	) 	  	 	(8	) 	 	 	(9	) 	 	 	(25	) 	 	 	41	 	 	 	30	 	 	 	63	 	 	 	29	 	 	 	163	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:	  			 	  				 				 				 				 				 				 				 				
Corporate fixed maturity securities	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	(1	) 	
Limited partnerships	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	—  	 	 	 	(1	) 	 	 	—  	 	 	 	(2	) 	
Equity securities	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	) 	 	 	(1	) 	 	 	(1	) 	 	 	—  	 	 	 	(3	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2	) 	 	 	(1	) 	 	 	(2	) 	 	 	(1	) 	 	 	(6	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net realized gains (losses) on equity securities sold (1)	  	 	—  	 	  	 	8	 	 	 	2	 	 	 	10	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Net unrealized gains (losses) on equity securities still held (1)	  	 	—  	 	  	 	3	 	 	 	(18	) 	 	 	(15	) 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Trading securities	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	
Limited partnerships	  	 	3	 	  	 	(2	) 	 	 	7	 	 	 	8	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Commercial mortgage loans held-for-sale market valuation allowance	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	3	 	
Net gains (losses) related to securitization entities	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	2	 	 	 	1	 	 	 	2	 	 	 	2	 	 	 	7	 	
Derivative instruments	  	 	18	 	  	 	(15	) 	 	 	(13	) 	 	 	(10	) 	 	 	4	 	 	 	54	 	 	 	36	 	 	 	3	 	 	 	97	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), gross	  	 	13	 	  	 	(14	) 	 	 	(31	) 	 	 	(32	) 	 	 	45	 	 	 	85	 	 	 	101	 	 	 	34	 	 	 	265	 	
Adjustment for DAC and other intangible amortization and certain benefit reserves	  	 	3	 	  	 	1	 	 	 	3	 	 	 	7	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	3	 	
Adjustment for net investment (gains) losses attributable to noncontrolling interests	  	 	(13	) 	  	 	1	 	 	 	11	 	 	 	(1	) 	 	 	(7	) 	 	 	(23	) 	 	 	(22	) 	 	 	(14	) 	 	 	(66	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net	  	$	3	 	  	$	(12	) 	 	$	(17	) 	 	$	(26	) 	 	$	41	 	 	$	62	 	 	$	79	 	 	$	20	 	 	$	202	 	

 

(1)	The change in the classification of equity securities related to the impact of adopting new accounting guidance related to the recognition and measurement of financial assets and financial liabilities on January 1, 2018.	
 
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Reconciliations of Non-GAAP Measures

 
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Reconciliation of Operating ROE
(amounts in millions)

	Twelve Month Rolling Average ROE	  	Twelve months ended	 	
 	  	September 30,
2018	 	  	June 30,
2018	 	  	March 31,
2018	 	  	December 31,
2017	 	  	September 30,
2017	 		
U.S. GAAP Basis ROE	  				  				  				  				  					
Net income available to Genworth Financial, Inc.’s common stockholders for the twelve months ended (1)	  	$	801	 	  	$	762	 	  	$	774	 	  	$	817	 	  	$	342	 		
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	10,426	 	  	$	10,264	 	  	$	10,091	 	  	$	9,923	 	  	$	9,778	 		
U.S. GAAP Basis ROE (1)/(2)	  	 	7.7	% 	  	 	7.4	% 	  	 	7.7	% 	  	 	8.2	% 	  	 	3.5	% 		
							
Operating ROE	  				  				  				  				  					
Adjusted operating income for the twelve months ended (1)	  	$	796	 	  	$	727	 	  	$	678	 	  	$	696	 	  	$	233	 		
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	10,426	 	  	$	10,264	 	  	$	10,091	 	  	$	9,923	 	  	$	9,778	 		
Operating ROE (1)/(2)	  	 	7.6	% 	  	 	7.1	% 	  	 	6.7	% 	  	 	7.0	% 	  	 	2.4	% 		
			
	Quarterly Average ROE	  	Three months ended	 	
 	  	September 30,
2018	 	  	June 30,
2018	 	  	March 31,
2018	 	  	December 31,
2017	 	  	September 30,
2017	 		
U.S. GAAP Basis ROE	  				  				  				  				  					
Net income available to Genworth Financial, Inc.’s common stockholders for the period ended (3)	  	$	146	 	  	$	190	 	  	$	112	 	  	$	353	 	  	$	107	 		
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	10,657	 	  	$	10,487	 	  	$	10,391	 	  	$	10,213	 	  	$	9,979	 		
Annualized U.S. GAAP Quarterly Basis ROE (3)/(4)	  	 	5.5	% 	  	 	7.2	% 	  	 	4.3	% 	  	 	13.8	% 	  	 	4.3	% 		
							
Operating ROE	  				  				  				  				  					
Adjusted operating income for the period ended (3)	  	$	145	 	  	$	200	 	  	$	125	 	  	$	326	 	  	$	76	 		
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	10,657	 	  	$	10,487	 	  	$	10,391	 	  	$	10,213	 	  	$	9,979	 		
Annualized Operating Quarterly Basis ROE (3)/(4)	  	 	5.4	% 	  	 	7.6	% 	  	 	4.8	% 	  	 	12.8	% 	  	 	3.0	% 		
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 U.S. GAAP.

(1)  	The twelve months ended information is derived by adding the four quarters of net income available to Genworth Financial, Inc.’s common stockholders and adjusted operating income 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 available to Genworth Financial, Inc.’s common stockholders and adjusted operating income 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
THIRD QUARTER 2018
 Reconciliation of Core Yield

 	  	 	  	2018	 	 	2017	 	
	  	(Assets—amounts in billions)	  	 	3Q	 	  	 	2Q	 	 	 	1Q	 	 	 	Total	 	 	 	4Q	 	 	 	3Q	 	 	 	2Q	 	 	 	1Q	 	 	 	Total	 	
	  	Reported—Total Invested Assets and Cash	  	$	72.6	 	  	$	73.1	 	 	$	74.6	 	 	$	72.6	 	 	$	76.3	 	 	$	75.9	 	 	$	76.1	 	 	$	74.7	 	 	$	76.3	 	
	  	Subtract:	  			 	  				 				 				 				 				 				 				 				
	  	Securities lending	  	 	0.2	 	  	 	0.2	 	 	 	0.2	 	 	 	0.2	 	 	 	0.3	 	 	 	0.2	 	 	 	0.2	 	 	 	0.3	 	 	 	0.3	 	
	  	Unrealized gains (losses)	  	 	2.2	 	  	 	2.7	 	 	 	3.7	 	 	 	2.2	 	 	 	5.4	 	 	 	5.1	 	 	 	5.6	 	 	 	4.6	 	 	 	5.4	 	
	  		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	  	Adjusted end of period invested assets and cash	  	$	70.2	 	  	$	70.2	 	 	$	70.7	 	 	$	70.2	 	 	$	70.6	 	 	$	70.6	 	 	$	70.3	 	 	$	69.8	 	 	$	70.6	 	
	  		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)	  	Average Invested Assets and Cash Used in Reported Yield Calculation	  	$	70.2	 	  	$	70.4	 	 	$	70.7	 	 	$	70.4	 	 	$	70.6	 	 	$	70.5	 	 	$	70.1	 	 	$	69.7	 	 	$	70.1	 	
	  	Subtract:	  			 	  				 				 				 				 				 				 				 				
	  	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	—  	 	  	 	—  	 	 	 	0.1	 	 	 	—  	 	 	 	—  	 	 	 	0.1	 	 	 	0.1	 	 	 	0.1	 	 	 	0.1	 	
	  		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)	  	Average Invested Assets and Cash Used in Core Yield Calculation	  	$	70.2	 	  	$	70.4	 	 	$	70.6	 	 	$	70.4	 	 	$	70.6	 	 	$	70.4	 	 	$	70.0	 	 	$	69.6	 	 	$	70.0	 	
	  		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	  	(Income—amounts in millions)	  			 	  				 				 				 				 				 				 				 				
		 									
(C)	  	Reported—Net Investment Income	  	$	815	 	  	$	828	 	 	$	804	 	 	$	2,447	 	 	$	812	 	 	$	797	 	 	$	801	 	 	$	790	 	 	$	3,200	 	
	  	Subtract:	  			 	  				 				 				 				 				 				 				 				
	  	Bond calls and commercial mortgage loan prepayments	  	 	8	 	  	 	9	 	 	 	11	 	 	 	28	 	 	 	13	 	 	 	10	 	 	 	8	 	 	 	6	 	 	 	37	 	
	  	Other non-core items (2)	  	 	1	 	  	 	2	 	 	 	(2	) 	 	 	1	 	 	 	3	 	 	 	3	 	 	 	8	 	 	 	3	 	 	 	17	 	
	  	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	1	 	  	 	—  	 	 	 	1	 	 	 	2	 	 	 	2	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	6	 	
	  		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(D)	  	Core Net Investment Income	  	$	805	 	  	$	817	 	 	$	794	 	 	$	2,416	 	 	$	794	 	 	$	783	 	 	$	783	 	 	$	780	 	 	$	3,140	 	

(C) / (A)	  	Reported Yield	  	 	4.64	% 	  	 	4.70	% 	 	 	4.55	% 	 	 	4.63	% 	 	 	4.60	% 	 	 	4.52	% 	 	 	4.57	% 	 	 	4.53	% 	 	 	4.56	% 	
(D) / (B)	  	Core Yield	  	 	4.59	% 	  	 	4.64	% 	 	 	4.50	% 	 	 	4.58	% 	 	 	4.50	% 	 	 	4.45	% 	 	 	4.47	% 	 	 	4.48	% 	 	 	4.48	% 	
Note:    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 U.S. 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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Corporate Information

 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
THIRD QUARTER 2018
 Financial Strength Ratings As Of October 29, 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)	  	B3 (Poor)	  	B- (Fair)		
Genworth Life and Annuity Insurance Company	  	B- (Weak)	  	Ba3 (Questionable)	  	B+ (Good)		
Genworth Life Insurance Company of New York	  	B- (Weak)	  	B3 (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 sixteenth-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,” "Ba3" and “B3” ratings are the eighth-, eleventh-, thirteenth- and sixteenth-highest, respectively, of Moody’s 21 ratings categories.
A.M. Best states that its “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 sixth- and eighth-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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