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
July 29, 2014
Date of Report
(Date of earliest event reported)

 

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

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

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

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

 

Item 2.02	Results of Operations and Financial Condition.	
On July 29, 2014, Genworth Financial, Inc. issued (1) a press release announcing its financial results for the quarter ended June 30, 2014, 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 June 30, 2014, 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 the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. 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 July 29, 2014.	
		
99.2	  	Financial Supplement for the quarter ended June 30, 2014.	
 
2

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

	 		 	GENWORTH FINANCIAL, INC.	
				
Date: July 29, 2014	 		 	By:	 	/s/ Kelly L. Groh	
	 		 		 	Kelly L. Groh	
	 		 		 	Vice President and Controller	
	 		 		 	(Principal Accounting Officer)	
 
3

Exhibit Index

Exhibit
Number	  	Description of Exhibit	
		
99.1	  	Press Release dated July 29, 2014.	
		
99.2	  	Financial Supplement for the quarter ended June 30, 2014.	
 
4

Exhibit 99.1

Genworth Financial Announces Second Quarter 2014 Results
Strong Loss Performance In Global Mortgage Insurance Division
Adverse Long Term Care Insurance Claims Experience
$514 Million Net Proceeds From Australia Mortgage Insurance IPO
Richmond, VA (July 29, 2014) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the second quarter of 2014. The company reported net income 1 of $176 million, or $0.35 per diluted share, compared with net income of $141 million, or $0.28 per diluted share, in the second quarter of 2013. Net operating income 2 for the second quarter of 2014 was $158 million, or $0.31 per diluted share, compared with net operating income of $133 million, or $0.27 per diluted share, in the second quarter of 2013.
On May 21, 2014, the company completed the minority initial public offering (IPO) of 33.8 percent of its Australia mortgage insurance (MI) business and as a result net income attributable to noncontrolling interests in the Australia MI business 2 was $11 million in the current quarter. Net income before net income attributable to noncontrolling interests in the Australia MI business 2 was $187 million, or $0.37 per diluted share, in the second quarter of 2014 compared with net income available to Genworth’s common stockholders of $141 million, or $0.28 per diluted share, in the second quarter of 2013. Net operating income before net operating income attributable to noncontrolling interests in the Australia MI business 2 for the second quarter of 2014 was $169 million, or $0.34 per diluted share, compared with net operating income of $133 million, or $0.27 per diluted share, in the second quarter of 2013.
“Genworth made continued progress in our turnaround strategy during the quarter with the completion of the partial IPO of our Australia MI business,” said Tom McInerney, President and CEO. “Our second quarter 2014 results were strong in our mortgage insurance businesses, which benefitted from continued solid loss performance, but disappointing in our long term care insurance business, where we experienced adverse claims development. We continue to pursue state approvals for premium rate increases in long term care and recently launched a new long term care insurance product in 42 states that balances flexibility for customers with appropriate risk-adjusted returns for Genworth.”

1  	Unless otherwise stated, all references in this press release to net income, net income per share, book value, book value per share and stockholders’ equity should be read as net income available to Genworth’s common stockholders, net income available to Genworth’s common stockholders per share, book value available to Genworth’s common stockholders, book value available to Genworth’s common stockholders per share and stockholders’ equity available to Genworth’s common stockholders, respectively.	
2  	This is a financial measure 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

Consolidated Net Income & Net Operating Income
																					
 	  	Three months ended June 30
(Unaudited)	 	  	 	 	
 	  	2014	 	  	2013	 	  	 	 	
(Amounts in millions, except per share)	  	Total	 	  	Per
diluted
share	 	  	Total	 	  	Per
diluted
share	 	  	Total %
change	 	
Net income available to Genworth’s common stockholders	  	$	176	  	  	$	0.35	  	  	$	141	  	  	$	0.28	  	  	 	25	% 	
Adjustment: Net income attributable to noncontrolling interests in Australia MI	  	 	11	  	  	 	0.02	  	  	 	N/A	  	  	 	N/A	  	  	 	N/A	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Net income available to Genworth’s common stockholders before net income attributable to noncontrolling interests in Australia MI	  	$	187	  	  	$	0.37	  	  	$	141	  	  	$	0.28	  	  	 	33	% 	
						
Net operating income	  	$	158	  	  	$	0.31	  	  	$	133	  	  	$	0.27	  	  	 	19	% 	
Adjustment: Net operating income attributable to noncontrolling interests in Australia MI	  	 	11	  	  	 	0.02	  	  	 	N/A	  	  	 	N/A	  	  	 	N/A	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Net operating income before net operating income attributable to noncontrolling interests in Australia MI	  	$	169	  	  	$	0.34	  	  	$	133	  	  	$	0.27	  	  	 	27	% 	
						
Weighted average diluted shares	  	 	503.6	  	  				  	 	497.5	  	  				  				
Book value per share	  	$	32.68	  	  				  	$	29.76	  	  				  				
Book value per share, excluding accumulated other comprehensive income (loss)	  	$	24.31	  	  				  	$	23.39	  	  				  				
Net investment gains, net of taxes and other adjustments, were $20 million in the quarter, compared to $15 million in the prior year. Total investment impairments, net of taxes, were $1 million in the current quarter and $4 million in the prior year.
 
2

Net operating income results are summarized in the table below:

Net Operating Income (Loss)
(Amounts in millions)	  	Q2 14	 	 	Q1 14	 	 	Q2 13	 	
U.S. Life Insurance Division:	  				 				 				
U.S. Life Insurance	  	$	69	  	 	$	94	  	 	$	79	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance Division	  	 	69	  	 	 	94	  	 	 	79	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Global Mortgage Insurance Division:	  				 				 				
International Mortgage Insurance	  	 	97	3  	 	 	99	  	 	 	89	  	
U.S. Mortgage Insurance (U.S. MI)	  	 	39	  	 	 	33	  	 	 	13	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance Division	  	 	136	  	 	 	132	  	 	 	102	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other Division:	  				 				 				
International Protection	  	 	2	  	 	 	7	  	 	 	1	  	
Runoff	  	 	15	  	 	 	12	  	 	 	6	  	
Corporate and Other	  	 	(64	) 	 	 	(51	) 	 	 	(55	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other Division	  	 	(47	) 	 	 	(32	) 	 	 	(48	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Net Operating Income	  	$	158	  	 	$	194	  	 	$	133	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net operating income excludes net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, restructuring charges, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and other adjustments, net of taxes. A reconciliation of net operating income of segments and Corporate and Other activities to net income is included at the end of this press release.
Unless specifically noted in the discussion of results for the International Mortgage Insurance and International Protection segments, 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. The impact of foreign exchange on net operating income in the second quarter of 2014 was a favorable impact of $1 million versus the prior quarter and an unfavorable impact of $11 million versus the prior year.

3  	Excluding net income attributable to noncontrolling interests in the Australia MI business of $11 million in the second quarter of 2014, related to the Australia MI IPO completed on May 21, 2014.	
 
3

U.S. Life Insurance Division
U.S. Life Insurance Division net operating income was $69 million, compared with $94 million in the prior quarter and $79 million a year ago.
U.S. Life Insurance Division
													
Net Operating Income	  	 	 	  	 	 	  	 	 	
(Amounts in millions)	  	Q2 14	 	  	Q1 14	 	  	Q2 13	 	
U.S. Life Insurance	  				  				  				
Life Insurance	  	$	39	  	  	$	21	  	  	$	27	  	
Long Term Care Insurance	  	 	6	  	  	 	46	  	  	 	26	  	
Fixed Annuities	  	 	24	  	  	 	27	  	  	 	26	  	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total U.S. Life Insurance	  	 	69	  	  	 	94	  	  	 	79	  	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total U.S. Life Insurance	  	$	69	  	  	$	94	  	  	$	79	  	

Sales
(Amounts in millions)	  	Q2 14	 	  	Q1 14	 	  	Q2 13	 	
U.S. Life Insurance	  				  				  				
Life Insurance	  				  				  				
Term Life	  	$	14	  	  	$	13	  	  	$	4	  	
Term Universal Life	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Universal Life	  	 	7	  	  	 	6	  	  	 	5	  	
Linked Benefits	  	 	5	  	  	 	2	  	  	 	3	  	
Long Term Care Insurance	  				  				  				
Individual	  	 	24	  	  	 	21	  	  	 	38	  	
Group	  	 	2	  	  	 	1	  	  	 	5	  	
Fixed Annuities	  	 	429	  	  	 	520	  	  	 	212	  	
				
Account Value
(Amounts in millions)	  	Q2 14	 	  	Q1 14	 	  	Q2 13	 	
Fixed Annuities	  	$	19,209	  	  	$	19,037	  	  	$	17,949	  	
U.S. Life Insurance Division
Key Points
 
•	 	U.S. Life Insurance Division net operating income was $69 million, compared with $94 million in the prior quarter and $79 million a year ago.	
 
•	 	Compared to the prior quarter, sales of life insurance and individual long term care insurance (LTC) products were higher but lower in fixed annuities.	
 
•	 	The consolidated risk-based capital (RBC) ratio is estimated to be approximately 490 percent 4 , up from 480 percent at the end of the first quarter of 2014.	

4  	Company estimate for the second quarter of 2014, due to timing of the filing of statutory statements.	
 
4

•	 	As of June 30, 2014, 43 states have approved premium rate increases as part of the 2012 in force premium rate increases. The company continues to expect to achieve $250 to $300 million of premium increases when fully implemented.	
 
•	 	In September 2013, the company announced that it began filing for LTC premium rate increases on certain Privileged Choice® and Classic Select® policies sold between 2003 and 2012. As of June 30, 2014, 18 states have approved these rate increases.	
Life Insurance
Life insurance net operating income was $39 million, compared with $21 million in the prior quarter and $27 million in the prior year. Mortality experience improved versus the prior quarter. Results compared to the prior year benefitted from slower reserve growth resulting from a correction to reserves and unlocking of mortality and interest assumptions which were completed in the third quarter of 2013. In addition, investment spread and mortality improved modestly versus the prior year.
Sales of $26 million increased versus the prior quarter and prior year. The company is transitioning to a broader set of competitive permanent product offerings, including indexed universal life and linked benefit products, and growth in sales on these products is expected to continue through the remainder of 2014. Linked benefit product deposits were $42 million in the quarter, up from $25 million in the prior quarter and in the prior year.
Long Term Care Insurance
Long term care insurance net operating income was $6 million, compared with $46 million in the prior quarter and $26 million in the prior year. Results benefitted from premium increases and reduced benefits of $3 million versus the prior quarter and $34 million versus the prior year related to the premium increases approved and implemented to date. Benefits and other changes in policy reserves increased $46 million after-tax versus the prior quarter and $47 million after-tax versus the prior year. Excluding the impact from the premium increases approved and implemented to date, benefits and other changes in policy reserves 2 increased $45 million after-tax versus the prior quarter primarily from higher incurred losses resulting from higher severity on new and existing claims and increased $66 million after-tax versus the prior year primarily from higher severity and frequency on new and existing claims. As a result of recent experience, and in connection with its regular review of claims reserve assumptions for its long term care insurance products, the company is conducting a comprehensive review of the adequacy of its claim reserves. The company intends to complete this review before the release of financial results for the third quarter of 2014. The company continues to believe that the existing assumptions and methodology provide the most reliable best estimate. However, given the review underway, that will consider both long-term and recent experience, the company will likely change some of its assumptions, which could increase its long term care insurance claim reserves, and any increase may or may not be material.
 
5

Individual LTC sales of $24 million were higher than the prior quarter and lower than the prior year. The company is continuing to invest in distribution and marketing to increase LTC sales over time and expects to begin seeing some impact from these actions during the second half of the year. The company launched its Privileged Choice Flex 3.0 product in July 2014 in 42 states which gives millions more Americans the flexibility to choose the right fit for their long term care needs, combined with the simplicity of prepackaged benefits.
Fixed Annuities
Fixed annuities net operating income was $24 million, compared with $27 million in the prior quarter and $26 million in the prior year. Results compared to the prior quarter and prior year included unfavorable mortality that was partially offset by a favorable adjustment related to guarantee funds. Investment income from bond calls was down versus prior year, but was partially offset by the net impact of higher assets under management versus the prior year. Sales in the quarter totaled $429 million, down sequentially impacted by the decline in interest rates during the current quarter.
U.S. Life Companies Capital
The consolidated risk-based capital (RBC) ratio is estimated to be approximately 490 percent 4 , up from 480 percent at the end of the first quarter of 2014 and the consolidated U.S. life insurance companies unassigned surplus is estimated to be approximately $560 million 4 , up from approximately $440 million at the end of the first quarter of 2014. During the quarter, the company completed a life insurance reinsurance transaction generating approximately $90 million of unassigned surplus.
Global Mortgage Insurance Division
Global Mortgage Insurance Division had net operating income of $136 million, compared with net operating income of $132 million in the prior quarter and $102 million a year ago.
Global Mortgage Insurance Division
													
Net Operating Income (Loss)	 	
(Amounts in millions)	  	Q2 14	 	 	Q1 14	 	 	Q2 13	 	
International Mortgage Insurance	  				 				 				
Canada	  	$	47	  	 	$	41	  	 	$	43	  	
Australia	  	 	57	3  	 	 	62	  	 	 	55	  	
Other Countries	  	 	(7	) 	 	 	(4	) 	 	 	(9	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total International Mortgage Insurance	  	 	97	  	 	 	99	  	 	 	89	  	
U.S. Mortgage Insurance	  	 	39	  	 	 	33	  	 	 	13	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance	  	$	136	  	 	$	132	  	 	$	102	  	

6

													
Sales	  	 	 	  	 	 	  	 	 	
(Amounts in billions)	  	Q2 14	 	  	Q1 14	 	  	Q2 13	 	
International Mortgage Insurance	  				  				  				
Flow	  				  				  				
Canada	  	$	5.0	  	  	$	2.9	  	  	$	4.7	  	
Australia	  	 	7.9	  	  	 	7.8	  	  	 	8.7	  	
Other Countries	  	 	0.5	  	  	 	0.4	  	  	 	0.4	  	
Bulk	  				  				  				
Canada	  	 	7.5	  	  	 	2.9	  	  	 	6.4	  	
Australia	  	 	—  	  	  	 	—  	  	  	 	0.9	  	
Other Countries	  	 	—  	  	  	 	—  	  	  	 	—  	  	
U.S. Mortgage Insurance	  				  				  				
Primary Flow	  	 	6.1	  	  	 	3.9	  	  	 	6.3	  	
Primary Bulk	  	 	—  	  	  	 	—  	  	  	 	—  	  	
International Mortgage Insurance Segment
Key Points
 
•	 	Reported International Mortgage Insurance segment net operating income was $97 million, compared with $99 million in the prior quarter and $89 million a year ago. Results in the quarter reflected an $11 million decrease in net operating income versus the prior quarter and prior year as a result of the IPO of 33.8 percent of the Australia MI business which was completed on May 21, 2014. Foreign exchange had an unfavorable impact of $11 million versus the prior year. The loss ratio in Canada was 12 percent and the loss ratio in Australia was 23 percent for the quarter.	
 
•	 	In Canada, flow new insurance written (NIW) was up 72 percent 5 sequentially and up 13 percent 5 year over year. In addition, in the current quarter, the company completed $7.5 billion of bulk transactions, consisting of low loan-to-value prime loans. In Australia, flow NIW was down three percent 5 sequentially and flat 5 year over year.	
 
•	 	The Canadian and Australian businesses continue to maintain sound capital positions.	
 
•	 	Dividends of $42 million were paid to the holding company through the first half of 2014.	
Canada Mortgage Insurance
Canada reported net operating income of $47 million versus $41 million in the prior quarter and $43 million in the prior year. The loss ratio in the quarter was 12 percent, down eight points from the prior quarter from seasonally lower new delinquencies, net of cures, and down 13 points from the prior year reflecting the strong credit quality of recent books and the overall stable economic environment. Earnings were impacted by

5  	Percent change excludes the impact of foreign exchange.	
 
7

unfavorable foreign exchange of $4 million versus the prior year. Results included more favorable tax benefits versus the prior quarter and prior year. Flow NIW was up 72 percent 5 sequentially primarily from normal seasonal variation and the impact of the severe winter season in the first quarter of 2014 and up 13 percent 5 year over year from increased market penetration. In addition, the company completed several bulk transactions in the quarter, consisting of low loan-to-value prime loans, of approximately $7.5 billion reflecting its selective participation in this market. After consultations with the business’s regulator, The Office of the Superintendent of Financial Institutions (OSFI), the business established its operating holding target at 220 percent minimum capital test (MCT), pending the development of a new regulatory capital test for mortgage insurers. At quarter end, the Canada mortgage insurance business had a MCT ratio of 230 percent 4 , in excess of the targeted level.
Australia Mortgage Insurance
Australia reported net operating income of $57 million versus $62 million in the prior quarter and $55 million in the prior year. Results in the quarter reflected an $11 million decrease in net operating income versus the prior quarter and prior year as a result of the IPO of 33.8 percent of the Australia MI business, which was completed on May 21, 2014. The loss ratio in the quarter was 23 percent, up six points sequentially from seasonally higher new delinquencies and lower cure rates as home prices moderated during the quarter and down 12 points from the prior year primarily from favorable aging of later stage delinquencies. Earnings were impacted by more favorable tax benefits of $11 million compared to the prior quarter and $9 million compared to the prior year as a result of the IPO. Results compared to the prior year included unfavorable foreign exchange of $6 million. Results in the current quarter also included $3 million of currency transaction losses on intercompany loans. Flow NIW was down three percent 5 sequentially and flat 5 year over year. At quarter end, the Australia mortgage insurance business had a prescribed capital amount (PCA) ratio of 154 percent 4 , in excess of the targeted range.
Other Countries Mortgage Insurance
Other Countries had a net operating loss of $7 million, compared to net operating losses of $4 million in the prior quarter and $9 million in the prior year as the business experienced higher losses in the current quarter.
U.S. Mortgage Insurance Segment
Key Points
 
•	 	U.S. MI net operating income was $39 million, compared with $33 million in the prior quarter and $13 million in the prior year. Results in the prior quarter included $6 million of unfavorable tax adjustments. The loss ratio in the quarter was 43 percent.	
 
•	 	Flow NIW increased 56 percent from the prior quarter and decreased three percent from the prior year to $6.1 billion.	
 
•	 	The risk-to-capital ratio for Genworth Mortgage Insurance Corporation (GMICO) is estimated at 14.0:1 4 and the combined risk-to-capital ratio is estimated at 14.6:1 4 as of June 30, 2014, reflecting a contribution to GMICO in the quarter of $300 million that was being held at Genworth Mortgage Holdings, LLC.	
 
8

Total flow delinquencies decreased six percent sequentially and 26 percent versus the prior year. New flow delinquencies decreased approximately 13 percent from the prior quarter and decreased approximately 19 percent from the prior year, reflecting the continued burn through of delinquencies from the 2005 to 2008 book years. The flow average reserve per delinquency was $30,000, down slightly from the prior quarter.
Total losses were in line with the prior quarter as lower new delinquency development was offset by less favorable net cures and aging of existing delinquencies. Loss development within the quarter was in line with the modest loss reserve strengthening completed in the first quarter of 2014. Loss mitigation savings were $102 million in the quarter, down $12 million from the prior quarter.
Flow NIW of $6.1 billion increased 56 percent from the prior quarter reflecting normal seasonal variation in the purchase market and the impact of the severe winter season in the first quarter of 2014 and decreased three percent versus the prior year primarily from a smaller refinance origination market. Overall private mortgage insurance market penetration was up one point compared with the prior quarter and up approximately four points year over year as the originations market shifted from refinances to a purchase market. The company’s estimate of market share at the end of the quarter is approximately 14 percent. Flow persistency was 83 percent. In addition, the Home Affordable Refinance Program (HARP) accounted for about $0.4 billion in the quarter of insurance that is treated as a modification of the coverage on existing insurance in force rather than NIW, bringing the total risk-in-force under the HARP program to $4.9 billion.
The combined U.S. MI statutory risk-to-capital ratio is estimated at 14.6:1 4 at the end of the second quarter with the risk-to-capital ratio for GMICO estimated at 14.0:1 4 , reflecting a contribution to GMICO in the quarter of $300 million that was being held at Genworth Mortgage Holdings, LLC.
On July 10, 2014, the draft Private Mortgage Insurance Eligibility Requirements were released by the government sponsored enterprises (GSEs). The company intends to meet the additional capital requirements for U.S. MI set forth in the draft guidelines on or before the anticipated effective date of June 30, 2015, depending on the availability of the capital and reinsurance markets and the performance of its businesses and subject to no other unforeseen developments. The company will utilize the two-year transition period as approved by the Federal Housing Finance Administration (FHFA) and GSEs if it does not comply by the anticipated effective date. The company and its U.S. MI business are confident that they are well-positioned to meet the draft version of these guidelines within the prescribed transition period and fully expect the U.S. MI business to maintain its strong presence in the private mortgage insurance market.
 
9

Based on the company’s current views of the housing market, expected U.S. MI earnings and capital generation, anticipated prepayment of its in-force portfolio in the ordinary course, the amount and loan characteristics of new U.S. MI business anticipated to be written and the $300 million contributed to GMICO in the second quarter of 2014, the company’s preliminary estimate of the additional capital required to be fully compliant assuming an effective date of June 30, 2015 will be between $450 to $550 million and will decrease to less than $175 million by December 31, 2016. The company has a variety of capital resources that could be utilized to satisfy capital requirements, and initially intends to utilize reinsurance transactions, and if needed, cash available at the holding company, which includes the proceeds from the completed Australian IPO, to fund them. Other potential sources include, but are not limited to, continued earnings from the business, available deferred tax assets and proceeds from the issuance of securities at Genworth Financial or Genworth Holdings. After the guidelines become final, the company will provide more details around its plans to comply with the Private Mortgage Insurance Eligibility Requirements including sources and timing of invested capital.
Corporate and Other Division
Corporate and Other Division net operating loss was $47 million, compared with $32 million in the prior quarter and $48 million in the prior year.
Corporate and Other Division
													
Net Operating Income (Loss)	 	
(Amounts in millions)	  	Q2 14	 	 	Q1 14	 	 	Q2 13	 	
International Protection	  	$	2	  	 	$	7	  	 	$	1	  	
Runoff	  	 	15	  	 	 	12	  	 	 	6	  	
Corporate and Other	  	 	(64	) 	 	 	(51	) 	 	 	(55	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other	  	$	(47	) 	 	$	(32	) 	 	$	(48	) 	

Account Value	  	 	 	 	 	 	 	 	 	
(Amounts in millions)	  	Q2 14	 	 	Q1 14	 	 	Q2 13	 	
Variable Annuities	  	$	7,884	  	 	$	7,901	  	 	$	7,877	  	
Guaranteed Investment Contracts, Funding Agreements Backing Notes and Funding Agreements	  	 	667	  	 	 	891	  	 	 	1,077	  	
International Protection Segment
International Protection reported operating income of $2 million, compared with $7 million in the prior quarter and $1 million in the prior year. Results in the prior quarter included $4 million of favorable tax adjustments. At quarter end, the lifestyle protection business had a regulatory capital ratio of approximately 348 percent 4 , well in excess of regulatory requirements.
 
10

Runoff Segment
The Runoff segment’s net operating income was $15 million, compared with $12 million in the prior quarter and $6 million in the prior year. Results in the current quarter reflected higher equity market growth versus the prior quarter and prior year primarily impacting the variable annuity business.
Corporate and Other
Corporate and Other’s net operating loss was $64 million, compared with $51 million in the prior quarter and $55 million in the prior year. Results in the prior quarter reflected $17 million of favorable tax adjustments.
Investment Portfolio Performance
Net investment income increased to $813 million, compared to $805 million in the prior quarter primarily from a favorable impact from prepayment speeds on structured securities. The reported yield for the current quarter was approximately 4.63 percent. The core yield 2 was up slightly compared to the prior quarter at approximately 4.45 percent.
Net income in the quarter included $20 million of net investment gains, net of taxes, deferred acquisition costs amortization and other items. Total investment impairments, net of taxes, were $1 million in the current quarter and $4 million in the prior year.
Net unrealized investment gains were $2.1 billion, net of taxes and other items, as of June 30, 2014 compared with $1.3 billion as of June 30, 2013 and $1.6 billion as of March 31, 2014. The fixed maturity securities portfolio had gross unrealized investment gains of $5.2 billion compared with $4.0 billion as of June 30, 2013 and gross unrealized investment losses of $0.3 billion compared with $0.9 billion as of June 30, 2013.
Holding Company
Genworth’s holding company 6 ended the quarter with approximately $1.2 billion 7 of cash and liquid assets, down approximately $45 million compared to the prior quarter, from $485 million of debt maturities, $90 million of debt interest payments, partially offset by approximately $500 million of net proceeds from the minority IPO of Australia MI received in the quarter, $21 million of dividends received from the operating companies and $9 million of net other items. The holding company targets maintaining cash balances of at least one and a half times its annual debt service expense plus a risk buffer of $350 million.

6  	Holding company cash and liquid assets comprises assets held in Genworth Holdings, Inc. (the issuer of outstanding public company debt) which is a subsidiary of Genworth Financial, Inc.	
7  	Comprises cash and cash equivalents of $1,073 million and U.S. government bonds of $150 million.	
 
11

About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company committed to helping families become more financially secure, self-reliant and prepared for the future. Genworth has leadership positions in long term care insurance and mortgage insurance and competitive offerings in life insurance and fixed annuities that assist consumers in solving their insurance, retirement and home ownership needs.
Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com . From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the “Investors” section of genworth.com . From time to time, Genworth’s publicly traded subsidiaries, Genworth MI Canada Inc. (TSX:MIC) and Genworth Mortgage Insurance Australia Limited (ASX:GMA), separately release financial and other information about their operations. This information can be found at http://www.genworth.com.au and http://genworth.ca.
Conference Call and Financial Supplement Information
This press release and the second quarter 2014 financial supplement are now posted on the company’s website. Additional information regarding business results will be posted on the company’s website, http://investor.genworth.com , by 7:30 a.m. on July 30, 2014. Investors are encouraged to review these materials.
Genworth will conduct a conference call on July 30, 2014 at 8:00 a.m. (ET) to discuss the quarter’s results and provide a progress update on the company’s strategic priorities. The conference call will be accessible via telephone and the Internet. The dial-in number for the conference call is 877 888.4034 or 913 489.5101 (outside the U.S.); conference ID # 7690205. 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 August 14, 2014 at 888 203.1112 or 719 457.0820 (outside the U.S.); conference ID # 7690205. The webcast will also be archived on the company’s website.
 
12

Use of Non-GAAP Measures
This press release includes the non-GAAP financial measures entitled “net operating income (loss)” and “operating earnings per share.” Operating earnings per share is derived from net operating income (loss). The chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss). The company defines net operating income (loss) as income (loss) from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions 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 and gains (losses) on insurance block transactions are also excluded from net operating income (loss) because, in the company’s opinion, they are not indicative of overall operating trends. Other non-operating items are also excluded from net operating income (loss) if, in the company’s opinion, they are not indicative of overall operating trends.
The following transaction was excluded from net operating income (loss) for the periods presented as it related to the loss on the early extinguishment of debt. In the second quarter of 2014, the company paid an early redemption payment of approximately $2 million, net of taxes and portion attributable to noncontrolling interests, related to the early redemption of Genworth MI Canada Inc.’s notes that were scheduled to mature in 2015.
There were no infrequent or unusual items excluded from net operating income (loss) during the periods presented other than a $13 million, net of taxes, expense recorded in the second quarter of 2013 related to restructuring costs.
While some of these items may be significant components of net income (loss) available to Genworth’s common stockholders in accordance with GAAP, the company believes that net operating income (loss) and measures that are derived from or incorporate net operating income (loss), including net operating income (loss) per common share on a basic and diluted basis, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management
 
13

also uses net 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 net operating income (loss) have occurred in the past and could, and in some cases will, recur in the future. Net operating income (loss) and net operating income (loss) per common share on a basic and diluted basis are not substitutes for net income (loss) available to Genworth’s common stockholders or net income (loss) available to Genworth’s common stockholders per common share on a basic and diluted basis determined in accordance with GAAP. In addition, the company’s definition of net operating income (loss) may differ from the definitions used by other companies.
The tables at the end of this press release reflect net operating income (loss) as determined in accordance with accounting guidance related to segment reporting, and a reconciliation of net operating income (loss) of the company’s segments and Corporate and Other activities to net income available to Genworth’s common stockholders for the three months ended June 30, 2014 and 2013, as well as for the three months ended March 31, 2014.
Adjustments to reconcile net income attributable to Genworth’s common stockholders and net operating income assume a 35 percent tax rate and are net of the portion attributable to noncontrolling interests. Net investment gains (losses) are also adjusted for deferred acquisition costs and other intangible amortization and certain benefit reserves.
This press release also includes non-GAAP financial measures entitled “net income before net income attributable to noncontrolling interests in the Australia MI business” and “net operating income before net operating income attributable to noncontrolling interests in the Australia MI business.” The company defines net income before net income attributable to noncontrolling interests in the Australia MI business and net operating income before net operating income attributable to noncontrolling interests in the Australia MI business as net income or net operating income, as applicable, adjusted for net income attributable to noncontrolling interests in the Australia MI business but before noncontrolling interests in the Canada MI business. These measures are presented as they are comparable to net income and net operating income for the second quarter of 2013. However, net income before net income attributable to noncontrolling interests in the Australia MI business and net operating income before net operating income attributable to noncontrolling interests in the Australia MI business are not substitutes for net income and net operating income determined in accordance with GAAP. A reconciliation of net income before net income attributable to noncontrolling interests in the Australia MI business and net operating income before net operating income attributable to noncontrolling interests in the Australia MI business to net income and net operating income is included in a table at the end of this press release.
 
14

This press release includes a non-GAAP financial measure that excludes the impact from premium increases approved and implemented to date, net of taxes, from benefits and other changes in policy reserves, net of taxes, for the long term care insurance business. Management believes that analysis of benefits and other changes in policy reserves excluding the impact from the premium increases approved and implemented to date, net of taxes, enhances understanding of the underlying claims experience in the current period. However, benefits and other changes in policy reserves excluding the impact from the premium increases approved and implemented to date, net of taxes, is not a substitute for benefits and other changes in policy reserves, net of taxes, determined in accordance with GAAP. A reconciliation of benefits and other changes in policy reserves excluding the impact from the premium increases approved and implemented to date, net of taxes, to reported GAAP benefits and other changes in policy reserves, net of taxes, is included in a table at the end of this press release.
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 those items that are not recurring in nature. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield is not a substitute for investment yield determined in accordance with GAAP. In addition, the company’s definition of core yield may differ from the definitions used by other companies. A reconciliation of core yield to reported GAAP yield is included in a table at the end of this press release.
Definition of Selected Operating Performance Measures
The company reports selected operating performance measures including “sales” and “insurance in force” or “risk in force” which are commonly used in the insurance industry as measures of operating performance.
Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) annualized first-year premiums for term life and long term care insurance products; (2) annualized first-year deposits plus five percent of excess deposits for universal and term universal life insurance products; (3) 10 percent of premium deposits for linked-benefits products; (4) new and additional premiums/deposits for fixed annuities; (5) new insurance written for mortgage insurance; and (6) net premiums written for the lifestyle protection insurance business. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers annualized first-year premiums/deposits, premium equivalents, new premiums/deposits, new insurance written, and net premiums written to be a measure of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company’s revenues or profitability during that period.
Management regularly monitors and reports insurance in force and risk in force. Insurance in force for the life, international mortgage and U.S. mortgage insurance businesses is a measure of the aggregate face value of
 
15

outstanding insurance policies as of the respective reporting date. For risk in force in the international mortgage insurance business, 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 percent that represents the highest expected average per-claim payment for any one underwriting year over the life of the company’s businesses in Canada and Australia. Risk in force for the U.S. mortgage insurance business is the obligation that is limited under contractual terms to the amounts less than 100 percent of the mortgage loan value. 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.
This press release also includes information related to loss mitigation activities for the U.S. mortgage insurance business. The company defines loss mitigation activities as rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled presales, claims administration and other loan workouts. Estimated savings related to rescissions are the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings related to loan modifications and other cure related loss mitigation actions represent the reduction in carried loss reserves. Estimated savings related to claims mitigation activities represent amounts deducted or “curtailed” from claims due to acts or omissions by the insured or the servicer with respect to the servicing of an insured loan that is not in compliance with obligations under the company’s master policy. For non-cure related actions, including presales, the estimated savings represent the difference between the full claim obligation and the actual amount paid. Loans subject to the company’s loss mitigation actions, the results of which have been included in the company’s reported estimated loss mitigation savings, are subject to re-default and may result in a potential claim in future periods, as well as potential future loss mitigation savings depending on the resolution of the re-defaulted loan. The company believes that this information helps to enhance the understanding of the operating performance of the U.S. mortgage insurance business as loss mitigation activities specifically impact current and future loss reserves and level of claim payments.
Management also regularly monitors and reports a loss ratio for the company’s businesses. 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. For the mortgage and lifestyle protection insurance businesses, the loss ratio is the ratio of incurred losses and 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.
 
16

An assumed tax rate of 35 percent is utilized in the explanation of specific variances of operating performance and investment results.
These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including, but not limited to, the following:
 
 	•	 	Risks relating to the company’s businesses , including downturns and volatility in global economies and equity and credit markets; downgrades or potential downgrades in the company’s financial strength or credit ratings; interest rate fluctuations and levels; adverse capital and credit market conditions; the valuation of fixed maturity, equity and trading securities; defaults or other events impacting the value of the company’s fixed maturity securities portfolio; defaults on the company’s commercial mortgage loans or the mortgage loans underlying the company’s investments in commercial mortgage-backed securities and volatility in performance; availability, affordability and adequacy of reinsurance; defaults by counterparties to reinsurance arrangements or derivative instruments; an adverse change in risk-based capital and other regulatory requirements; insufficiency of reserves and required increases to reserve liabilities; legal and regulatory constraints on dividend distributions by the company’s subsidiaries; competition, including from government-owned and government-sponsored enterprises (GSEs) offering mortgage insurance; loss of key distribution partners; regulatory restrictions on the company’s operations and changes in applicable laws and regulations; legal or regulatory investigations or actions; the failure of or any compromise of the security of the company’s computer systems and confidential information contained therein; the occurrence of natural or man-made disasters or a pandemic; the effect of the Dodd-Frank Wall Street Reform and Consumer Protection Act; ineffective or inadequate risk management program; changes in accounting and reporting standards; goodwill impairments; impairments of or valuation allowances against the company’s deferred tax assets; significant deviations from the company’s assumptions in its insurance policies and annuity contracts; accelerated amortization of deferred acquisition costs and present value of	
 
17

 	future profits; ability to increase premiums on in force and future long term care insurance products, including any current rate actions and any future rate actions; the failure of demand for life insurance, long term care insurance and fixed annuity products to increase; medical advances, such as genetic research and diagnostic imaging, and related legislation; ability to continue to implement actions to mitigate the impact of statutory reserve requirements; political and economic instability or changes in government policies; fluctuations in foreign currency exchange rates and international securities markets; the significant portion of the company’s international mortgage insurance risk in force with high loan-to-value ratios; increases in U.S. mortgage insurance default rates; failure to meet, or have waived to the extent needed, the company’s U.S. mortgage insurance subsidiaries’ 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 and investors and changes to the role or structure of Fannie Mae and Freddie Mac; failure to meet the revised GSE eligibility standards or the capital required to meet the revised standards may be higher than anticipated; ability to realize the benefits of the company’s rescissions and curtailments; the extent to which loan modifications and other similar programs may provide benefits to the company; deterioration in economic conditions or a decline in home prices in the United States; problems associated with foreclosure process defects in the United States that may defer claim payments; decreases in the volume of high loan-to-value mortgage originations or increases in mortgage insurance cancellations in the United States; increases in the use of alternatives to private mortgage insurance in the United States and reductions by lenders in the level of coverage they select; the impact of the use of reinsurance with reinsurance companies affiliated with the company’s U.S. mortgage lending customers; and potential liabilities in connection with the company’s U.S. contract underwriting services;	
 
 	•	 	Other risks , including the risk that the anticipated benefits of the announced expense reduction are not realized and the company may lose key personnel related to actions like this as well as general uncertainty in the timing of the company’s turnaround; 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 the company’s 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 suspension of dividends and stock price fluctuations.	
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.
 
18

# # #
Contact Information :

Investors:	  	Amy Corbin, 804 662.2685	
		
	  	amy.corbin@genworth.com	
		
Media:	  	Al Orendorff, 804 662.2534	
		
	  	alfred.orendorff@genworth.com	
 
19

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

 	  	Three months ended
June 30,	 	
 	  	2014	 	  	2013	 	
Revenues:	  				  				
Premiums	  	$	1,343	  	  	$	1,286	  	
Net investment income	  	 	813	  	  	 	821	  	
Net investment gains (losses)	  	 	34	  	  	 	21	  	
Insurance and investment product fees and other	  	 	225	  	  	 	243	  	
	  	 	 	 	  	 	 	 	
Total revenues	  	 	2,415	  	  	 	2,371	  	
	  	 	 	 	  	 	 	 	
Benefits and expenses:	  				  				
Benefits and other changes in policy reserves	  	 	1,256	  	  	 	1,269	  	
Interest credited	  	 	184	  	  	 	184	  	
Acquisition and operating expenses, net of deferrals	  	 	404	  	  	 	413	  	
Amortization of deferred acquisition costs and intangibles	  	 	138	  	  	 	137	  	
Interest expense	  	 	120	  	  	 	121	  	
	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	2,102	  	  	 	2,124	  	
	  	 	 	 	  	 	 	 	
Income from continuing operations before income taxes	  	 	313	  	  	 	247	  	
Provision for income taxes	  	 	85	  	  	 	73	  	
	  	 	 	 	  	 	 	 	
Income from continuing operations	  	 	228	  	  	 	174	  	
Income from discontinued operations, net of taxes	  	 	—  	 	  	 	6	  	
	  	 	 	 	  	 	 	 	
Net income	  	 	228	  	  	 	180	  	
Less: net income attributable to noncontrolling interests	  	 	52	  	  	 	39	  	
	  	 	 	 	  	 	 	 	
Net income available to Genworth Financial, Inc.’s common stockholders	  	$	176	  	  	$	141	  	

Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share:	  				  				
Basic	  	$	0.35	  	  	$	0.27	  	
	  	 	 	 	  	 	 	 	
Diluted	  	$	0.35	  	  	$	0.27	  	
	  	 	 	 	  	 	 	 	
Net income available to Genworth Financial, Inc.’s common stockholders per common share:	  				  				
Basic	  	$	0.35	  	  	$	0.29	  	
	  	 	 	 	  	 	 	 	
Diluted	  	$	0.35	  	  	$	0.28	  	
	  	 	 	 	  	 	 	 	
Weighted-average shares outstanding:	  				  				
Basic	  	 	496.6	  	  	 	493.4	  	
	  	 	 	 	  	 	 	 	
Diluted	  	 	503.6	  	  	 	497.5	  	

20

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

 	  	Three
months ended
June 30,	 	 	Three
months ended
March 31,	 	
 	  	2014	 	 	2013	 	 	2014	 	
Net operating income (loss):	  				 				 				
U.S. Life Insurance Division	  				 				 				
U.S. Life Insurance segment	  				 				 				
Life Insurance	  	$	39	  	 	$	27	  	 	$	21	  	
Long Term Care	  	 	6	  	 	 	26	  	 	 	46	  	
Fixed Annuities	  	 	24	  	 	 	26	  	 	 	27	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	69	  	 	 	79	  	 	 	94	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance Division	  	 	69	  	 	 	79	  	 	 	94	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Global Mortgage Insurance Division	  				 				 				
International Mortgage Insurance segment	  				 				 				
Canada	  	 	47	  	 	 	43	  	 	 	41	  	
Australia	  	 	57	3  	 	 	55	  	 	 	62	  	
Other Countries	  	 	(7	) 	 	 	(9	) 	 	 	(4	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total International Mortgage Insurance segment	  	 	97	  	 	 	89	  	 	 	99	  	
U.S. Mortgage Insurance segment	  	 	39	  	 	 	13	  	 	 	33	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance Division	  	 	136	  	 	 	102	  	 	 	132	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other Division	  				 				 				
International Protection segment	  	 	2	  	 	 	1	  	 	 	7	  	
Runoff segment	  	 	15	  	 	 	6	  	 	 	12	  	
Corporate and Other	  	 	(64	) 	 	 	(55	) 	 	 	(51	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other Division	  	 	(47	) 	 	 	(48	) 	 	 	(32	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net operating income	  	 	158	  	 	 	133	  	 	 	194	  	
Adjustments to net operating income:	  				 				 				
Net investment gains (losses), net	  	 	20	  	 	 	15	  	 	 	(10	) 	
Expenses related to restructuring, net	  	 	—  	 	 	 	(13	) 	 	 	—  	 	
Gains (losses) on early extinguishment of debt, net	  	 	(2	) 	 	 	—  	 	 	 	—  	 	
Income from discontinued operations, net of taxes	  	 	—  	 	 	 	6	  	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net income available to Genworth Financial, Inc.’s common stockholders	  	 	176	  	 	 	141	  	 	 	184	  	
Add: net income attributable to noncontrolling interests	  	 	52	  	 	 	39	  	 	 	35	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net income	  	$	228	  	 	$	180	  	 	$	219	  	

Net income available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				 				
Basic	  	$	0.35	  	 	$	0.29	  	 	$	0.37	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	0.35	  	 	$	0.28	  	 	$	0.37	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net operating income per common share:	  				 				 				
Basic	  	$	0.32	  	 	$	0.27	  	 	$	0.39	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	0.31	  	 	$	0.27	  	 	$	0.39	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average shares outstanding:	  				 				 				
Basic	  	 	496.6	  	 	 	493.4	  	 	 	495.8	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	 	503.6	  	 	 	497.5	  	 	 	502.7	  	

21

Condensed Consolidated Balance Sheets
(Amounts in millions)

 	  	June 30,
2014	 	 	December 31,
2013	 	
Assets	  				 				
Cash, cash equivalents and invested assets	  	$	77,544	  	 	$	73,505	  	
Deferred acquisition costs	  	 	5,085	  	 	 	5,278	  	
Intangible assets	  	 	266	  	 	 	399	  	
Goodwill	  	 	867	  	 	 	867	  	
Reinsurance recoverable	  	 	17,276	  	 	 	17,219	  	
Other assets	  	 	695	  	 	 	639	  	
Separate account assets	  	 	9,911	  	 	 	10,138	  	
	  	 	 	 	 	 	 	 	
Total assets	  	$	111,644	  	 	$	108,045	  	
	  	 	 	 	 	 	 	 	
Liabilities and stockholders’ equity	  				 				
Liabilities:	  				 				
Future policy benefits	  	$	34,497	  	 	$	33,705	  	
Policyholder account balances	  	 	25,834	  	 	 	25,528	  	
Liability for policy and contract claims	  	 	7,223	  	 	 	7,204	  	
Unearned premiums	  	 	4,191	  	 	 	4,107	  	
Deferred tax and other liabilities	  	 	4,776	  	 	 	4,302	  	
Borrowings related to securitization entities	  	 	233	  	 	 	242	  	
Non-recourse funding obligations	  	 	2,024	  	 	 	2,038	  	
Long-term borrowings	  	 	4,691	  	 	 	5,161	  	
Separate account liabilities	  	 	9,911	  	 	 	10,138	  	
	  	 	 	 	 	 	 	 	
Total liabilities	  	 	93,380	  	 	 	92,425	  	
	  	 	 	 	 	 	 	 	
Stockholders’ equity:	  				 				
Common stock	  	 	1	  	 	 	1	  	
Additional paid-in capital	  	 	11,986	  	 	 	12,127	  	
	  	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  				 				
Net unrealized investment gains (losses):	  				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	2,109	  	 	 	914	  	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	19	  	 	 	12	  	
	  	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	2,128	  	 	 	926	  	
	  	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	1,652	  	 	 	1,319	  	
Foreign currency translation and other adjustments	  	 	381	  	 	 	297	  	
	  	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)	  	 	4,161	  	 	 	2,542	  	
Retained earnings	  	 	2,783	  	 	 	2,423	  	
Treasury stock, at cost	  	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	16,231	  	 	 	14,393	  	
Noncontrolling interests	  	 	2,033	  	 	 	1,227	  	
	  	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	18,264	  	 	 	15,620	  	
	  	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	111,644	  	 	$	108,045	  	

22

Reconciliation of Long Term Care Insurance Benefits And Other Changes In Policy Reserves
(Amounts in millions)

 	  	Three
months ended
June 30,	 	 	Three
months ended
March 31,
2014	 	 	Change from
June 30, 2014
to June 30,
2013	 	 	Change from
June 30, 2014
to March 31,
2014	 	
 	  	2014	 	 	2013	 	 			 			 			
Benefits and other changes in policy reserves	  	$	735	  	 	$	663	  	 	$	664	  	 	$	72	  	 	$	71	  	
Adjustments for:	  				 				 				 				 				
Impact from the premium increases approved and implemented to date	  	 	44	  	 	 	14	  	 	 	46	  	 	 	30	  	 	 	(2	) 	
Taxes	  	 	(273	) 	 	 	(237	) 	 	 	(249	) 	 	 	(36	) 	 	 	(24	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves excluding the impact from the premium increases approved and implemented to date, net	  	$	506	  	 	$	440	  	 	$	461	  	 	$	66	  	 	$	45	  	

23

Impact of Foreign Exchange on Operating Results 8
Three months ended June 30, 2014

 	  	Percentages
Including Foreign
Exchange	 	 	Percentages
Excluding Foreign
Exchange 9	 	
Canada Mortgage Insurance (MI):	  				 				
Flow new insurance written	  	 	6	% 	 	 	13	% 	
Flow new insurance written (2Q14 vs. 1Q14)	  	 	72	% 	 	 	72	% 	
			
Australia MI:	  				 				
Flow new insurance written	  	 	(9	)% 	 	 	—  	% 	
Flow new insurance written (2Q14 vs. 1Q14)	  	 	1	% 	 	 	(3	)% 	

8  	All percentages are comparing the second quarter of 2014 to the second quarter of 2013 unless otherwise stated.	
9  	The impact of foreign exchange was calculated using the comparable prior period exchange rates.	
 
24

Reconciliation of Net Investment Gains (Losses)
(Amounts in millions)

 	  	Three
months ended
June 30,	 	 	Three
months ended
March 31,
2014	 	
 	  	2014	 	 	2013	 	 			
Net investment gains (losses), gross	  	$	34	  	 	$	21	  	 	$	(17	) 	
Adjustments for:	  				 				 				
Deferred acquisition costs and other intangible amortization and certain benefit reserves	  	 	3	  	 	 	7	  	 	 	1	  	
Net investment gains (losses) attributable to noncontrolling interests	  	 	(5	) 	 	 	(5	) 	 	 	1	  	
Taxes	  	 	(12	) 	 	 	(8	) 	 	 	5	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net	  	$	20	  	 	$	15	  	 	$	(10	) 	

25

Reconciliation of Net Income Before Net Income Attributable To Noncontrolling
Interests In The Australia MI Business To Net Income Available To Genworth’s
Common Stockholders And Net Operating Income Before Net Operating Income Attributable
To Noncontrolling Interests In The Australia MI Business To Net Operating Income
(Amounts in millions)

 	  	Three
months ended
June 30,	 	
 	  	2014	 	  	2013	 	
Net income before net income attributable to noncontrolling interests	  	$	228	  	  	$	180	  	
Adjustments for:	  				  				
Net income attributable to noncontrolling interests in the Australia MI business	  	 	11	  	  	 	N/A	  	
Net income attributable to noncontrolling interests in the Canada MI business	  	 	41	  	  	 	39	  	
	  	 	 	 	  	 	 	 	
Net income available to Genworth’s common stockholders	  	$	176	  	  	$	141	  	

Net operating income before net operating income attributable to noncontrolling interests	  	$	208	  	  	$	169	  	
Adjustments for:	  				  				
Net operating income attributable to noncontrolling interests in the Australia MI business	  	 	11	  	  	 	N/A	  	
Net operating income attributable to noncontrolling interests in the Canada MI business	  	 	39	  	  	 	36	  	
	  	 	 	 	  	 	 	 	
Net operating income	  	$	158	  	  	$	133	  	

26

Reconciliation of Core Yield to Reported Yield

(Assets - amounts in billions)	  	For the three
months ended
June 30,
2014	 	
Reported Total Invested Assets and Cash	  	$	76.9	  	
Subtract:	  				
Securities lending	  	 	0.3	  	
Unrealized gains (losses)	  	 	5.6	  	
Derivative counterparty collateral	  	 	0.4	  	
	  	 	 	 	
Adjusted end of period invested assets	  	$	70.6	  	

Average Invested Assets Used in Reported Yield Calculation	  	$	70.2	  	
Subtract:	  				
Restricted commercial mortgage loans and other invested assets related to securitization entities 10	  	 	0.2	  	
	  	 	 	 	
Average Invested Assets Used in Core Yield Calculation	  	$	70.0	  	

(Income - amounts in millions)	  	 	 	
Reported Net Investment Income	  	$	813	  	
Subtract:	  				
Bond calls and commercial mortgage loan prepayments	  	 	7	  	
Reinsurance 11	  	 	13	  	
Other non-core items 12	  	 	12	  	
Restricted commercial mortgage loans and other invested assets related to securitization entities 10	  	 	3	  	
	  	 	 	 	
Core Net Investment Income	  	$	778	  	

Reported Yield	  	 	4.63	% 	
	  	 	 	 	
Core Yield	  	 	4.45	% 	

10  	Represents the incremental assets and investment income related to restricted commercial mortgage loans and other invested assets.	
11  	Represents imputed investment income related to reinsurance agreements in the lifestyle protection insurance business.	
12  	Includes cost basis adjustments on structured securities, preferred stock income and various other immaterial items.	
 
27

Table of Contents
Exhibit 99.2
Second Quarter Financial Supplement
June 30, 2014

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014

 Table of Contents	  	Page	 	
Investor Letter	  	 	3	  	
Use of Non-GAAP Measures and Selected Operating Performance Measures	  	 	4-5	  	
Financial Highlights	  	 	6	  	
		
Second Quarter Results	  				
Consolidated Net Income by Quarter	  	 	8	  	
Net Operating Income by Segment by Quarter	  	 	9	  	
Consolidated Balance Sheets	  	 	10-11	  	
Consolidated Balance Sheets by Segment	  	 	12-13	  	
Deferred Acquisition Costs Rollforward	  	 	14	  	
		
Quarterly Results	  				
Net Operating Income and Sales—U.S. Life Insurance Division	  	 	16-24	  	
Net Operating Income and Sales—Global Mortgage Insurance Division	  	 	26-50	  	
Net Operating Income (Loss) and Sales—Corporate and Other Division	  	 	52-63	  	
		
Additional Financial Data	  				
Investments Summary	  	 	65	  	
Fixed Maturity Securities Summary	  	 	66	  	
Commercial Mortgage Loans Summary	  	 	67-68	  	
General Account GAAP Net Investment Income Yields	  	 	69	  	
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail	  	 	70	  	
		
Reconciliations of Non-GAAP Measures	  				
Reconciliation of Operating Return On Equity (ROE)	  	 	72	  	
Reconciliation of Core Yield	  	 	73	  	
		
Corporate Information	  				
Industry Ratings	  	 	75-76	  	
Note: 
Unless otherwise noted, 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, book value and book value per common share should be read as income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders, income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share, net income (loss) available to Genworth Financial, Inc.’s common stockholders, net income (loss) available to Genworth Financial, Inc.’s common stockholders per share, book value available to Genworth Financial, Inc.’s common stockholders and book value available to Genworth Financial, Inc.’s common stockholders per share, respectively.
 
2

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Dear Investor,
On May 21, 2014, the company completed the minority initial public offering of 33.8% of its Australian mortgage insurance business and as a result net income attributable to noncontrolling interests in the Australian mortgage insurance business was $11 million in the second quarter of 2014.
We have added metrics related to flow new insurance written for the U.S. mortgage insurance business on page 43.
Once again, thank you for your continued interest in Genworth Financial.
Please feel free to call with any questions or comments.
Regards,
Amy Corbin
Investor Relations
804 662.2685
 
3

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Use of Non-GAAP Measures
This financial supplement includes the non-GAAP (1) financial measure entitled “net operating income (loss).” The chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss). The company defines net operating income (loss) as income (loss) from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions 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 and gains (losses) on insurance block transactions are also excluded from net operating income (loss) because, in the company’s opinion, they are not indicative of overall operating trends. Other non-operating items are also excluded from net operating income (loss) if, in the company’s opinion, they are not indicative of overall operating trends.
The following transactions were excluded from net operating income (loss) for the periods presented as they related to the loss on the early extinguishment of debt. In the second quarter of 2014, the company paid an early redemption payment of approximately $2 million, net of taxes and portion attributable to noncontrolling interests, related to the early redemption of Genworth MI Canada Inc.’s notes that were scheduled to mature in 2015. In the third quarter of 2013, the company paid a make-whole expense of approximately $20 million, net of taxes, related to the early redemption of Genworth Holdings’ notes that were scheduled to mature in 2015.
There were no infrequent or unusual items excluded from net operating income (loss) during the periods presented other than a $13 million, net of taxes, expense recorded in the second quarter of 2013 related to restructuring costs.
While some of these items may be significant components of net income (loss) available to Genworth Financial, Inc.’s common stockholders in accordance with GAAP, the company believes that net operating income (loss) and measures that are derived from or incorporate net operating income (loss), including net operating income (loss) per common share on a basic and diluted basis, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses net 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 net operating income (loss) have occurred in the past and could, and in some cases will, recur in the future. Net operating income (loss) and net operating income (loss) per common share on a basic and diluted basis are not substitutes for net income (loss) available to Genworth Financial, Inc.’s common stockholders or net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share on a basic and diluted basis determined in accordance with GAAP. In addition, the company’s definition of net operating income (loss) may differ from the definitions used by other companies.
The table on page 9 of this financial supplement reflects net operating income (loss) as determined in accordance with accounting guidance related to segment reporting, and a reconciliation of net operating income (loss) of the company’s segments and Corporate and Other activities to net income (loss) available to Genworth Financial, Inc.’s common stockholders for the periods presented. 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 72 and 73 of this financial supplement.
Adjustments to reconcile net income attributable to Genworth Financial, Inc.’s common stockholders and net operating income assume a 35% tax rate and are net of the portion attributable to noncontrolling interests. Net investment gains (losses) are also adjusted for DAC and other intangible amortization and certain benefit reserves (see page 70).

(1)  	U.S. Generally Accepted Accounting Principles	
 
4

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Operating Performance Measures
This financial supplement contains selected operating performance measures including “sales” and “insurance in-force” or “risk in-force” which are commonly used in the insurance industry as measures of operating performance.
Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) annualized first-year premiums for term life and long-term care insurance products; (2) annualized first-year deposits plus 5% of excess deposits for universal and term universal life insurance products; (3) 10% of premium deposits for linked-benefits products; (4) new and additional premiums/deposits for fixed annuities; (5) new insurance written for mortgage insurance; and (6) net premiums written for the lifestyle protection insurance business. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers annualized first-year premiums/ deposits, premium equivalents, new premiums/deposits, new insurance written and net premiums written to be a measure of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company’s revenues or profitability during that period.
Management regularly monitors and reports insurance in-force and risk in-force. Insurance in-force for the life, international mortgage and U.S. mortgage insurance businesses is a measure of the aggregate face value of outstanding insurance policies as of the respective reporting date. For the risk in-force in the international mortgage insurance business, 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 businesses in Canada and Australia. Risk in-force for the U.S. mortgage insurance business is the obligation that is limited under contractual terms to the amounts less than 100% of the mortgage loan value. 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.
This financial supplement also includes information related to loss mitigation activities for the U.S. mortgage insurance business. The company defines loss mitigation activities as rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled pre-sales, claims administration and other loan workouts. Estimated savings related to rescissions are the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings related to loan modifications and other cure-related loss mitigation actions represent the reduction in carried loss reserves. Estimated savings related to claims mitigation activities represent amounts deducted or “curtailed” from claims due to acts or omissions by the insured or the servicer with respect to the servicing of an insured loan that is not in compliance with obligations under our master policy. For non-cure related actions, including pre-sales, the estimated savings represent the difference between the full claim obligation and the actual amount paid. Loans subject to our loss mitigation actions, the results of which have been included in our reported estimated loss mitigation savings, are subject to re-default and may result in a potential claim in future periods, as well as potential future loss mitigation savings depending on the resolution of the re-defaulted loan. The company believes that this information helps to enhance the understanding of the operating performance of the U.S. mortgage insurance business as loss mitigation activities specifically impact current and future loss reserves and level of claim payments.
Management also regularly monitors and reports a loss ratio for the company’s businesses. 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. For the mortgage and lifestyle protection insurance businesses, the loss ratio is the ratio of incurred losses and loss adjustment expenses to net earned premiums. The company considers the loss ratio to be a measure of underwriting performance in these businesses and helps to enhance the understanding of the operating performance of the businesses.
These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
 
5

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
 Financial Highlights
(amounts in millions, except per share data)

Balance Sheet Data	  	June 30,
2014	 	  	March 31,
2014	 	  	December 31,
2013	 	  	September 30,
2013	 	  	June 30,
2013	 	
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	  	$	12,070	  	  	$	12,032	  	  	$	11,851	  	  	$	11,665	  	  	$	11,547	  	
Total accumulated other comprehensive income	  	 	4,161	  	  	 	3,483	  	  	 	2,542	  	  	 	2,939	  	  	 	3,142	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	$	16,231	  	  	$	15,515	  	  	$	14,393	  	  	$	14,604	  	  	$	14,689	  	

Book value per common share	  	$	32.68	  	  	$	31.27	  	  	$	29.08	  	  	$	29.55	  	  	$	29.76	  	
Book value per common share, excluding accumulated other comprehensive income	  	$	24.31	  	  	$	24.25	  	  	$	23.95	  	  	$	23.60	  	  	$	23.39	  	
Common shares outstanding as of the balance sheet date	  	 	496.6	  	  	 	496.2	  	  	 	494.8	  	  	 	494.2	  	  	 	493.6	  	
		
 	  	Twelve months ended	 	
Twelve Month Rolling Average ROE	  	June 30,
2014	 	  	March 31,
2014	 	  	December 31,
2013	 	  	September 30,
2013	 	  	June 30,
2013	 	
						
GAAP Basis ROE	  	 	5.7%	  	  	 	5.5%	  	  	 	4.8%	  	  	 	4.6%	  	  	 	4.0%	  	
Operating ROE (1)	  	 	5.8%	  	  	 	5.6%	  	  	 	5.3%	  	  	 	5.1%	  	  	 	5.0%	  	
		
 	  	Three months ended	 	
Quarterly Average ROE	  	June 30,
2014	 	  	March 31,
2014	 	  	December 31,
2013	 	  	September 30,
2013	 	  	June 30,
2013	 	
GAAP Basis ROE	  	 	5.8%	  	  	 	6.2%	  	  	 	7.1%	  	  	 	3.7%	  	  	 	4.9%	  	
Operating ROE (1)	  	 	5.2%	  	  	 	6.5%	  	  	 	6.6%	  	  	 	4.8%	  	  	 	4.6%	  	

Basic and Diluted Shares	  	Three months ended
June  30,
2014	 	  	Six months ended
June  30,
2014	 	
Weighted-average shares used in basic earnings per common share calculations	  	 	496.6	  	  	 	496.2	  	
Potentially dilutive securities:	  				  				
Stock options, restricted stock units and stock appreciation rights	  	 	7.0	  	  	 	7.0	  	
	  	 	 	 	  	 	 	 	
Weighted-average shares used in diluted earnings per common share calculations	  	 	503.6	  	  	 	503.2	  	

(1)  	See page 72 herein for a reconciliation of GAAP Basis ROE to Operating ROE.	
 
6

Table of Contents
Second Quarter Results
 
7

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Consolidated Net Income by Quarter
(amounts in millions, except per share amounts)

 	  	2014	 	  	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	  	4Q	 	  	3Q	 	 	2Q	 	  	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				  				  				 				  				 				
Premiums	  	$	1,343	  	  	$	1,307	  	 	$	2,650	  	  	$	1,310	  	  	$	1,291	  	 	$	1,286	  	  	$	1,261	  	 	$	5,148	  	
Net investment income	  	 	813	  	  	 	805	  	 	 	1,618	  	  	 	835	  	  	 	801	  	 	 	821	  	  	 	814	  	 	 	3,271	  	
Net investment gains (losses)	  	 	34	  	  	 	(17	) 	 	 	17	  	  	 	26	  	  	 	(23	) 	 	 	21	  	  	 	(61	) 	 	 	(37	) 	
Insurance and investment product fees and other	  	 	225	  	  	 	227	  	 	 	452	  	  	 	241	  	  	 	248	  	 	 	243	  	  	 	289	  	 	 	1,021	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total revenues	  	 	2,415	  	  	 	2,322	  	 	 	4,737	  	  	 	2,412	  	  	 	2,317	  	 	 	2,371	  	  	 	2,303	  	 	 	9,403	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				  				  				 				  				 				
Benefits and other changes in policy reserves	  	 	1,256	  	  	 	1,194	  	 	 	2,450	  	  	 	1,256	  	  	 	1,169	  	 	 	1,269	  	  	 	1,201	  	 	 	4,895	  	
Interest credited	  	 	184	  	  	 	183	  	 	 	367	  	  	 	186	  	  	 	184	  	 	 	184	  	  	 	184	  	 	 	738	  	
Acquisition and operating expenses, net of deferrals	  	 	404	  	  	 	378	  	 	 	782	  	  	 	406	  	  	 	407	  	 	 	413	  	  	 	433	  	 	 	1,659	  	
Amortization of deferred acquisition costs and intangibles	  	 	138	  	  	 	134	  	 	 	272	  	  	 	128	  	  	 	182	  	 	 	137	  	  	 	122	  	 	 	569	  	
Interest expense	  	 	120	  	  	 	127	  	 	 	247	  	  	 	121	  	  	 	124	  	 	 	121	  	  	 	126	  	 	 	492	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,102	  	  	 	2,016	  	 	 	4,118	  	  	 	2,097	  	  	 	2,066	  	 	 	2,124	  	  	 	2,066	  	 	 	8,353	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	313	  	  	 	306	  	 	 	619	  	  	 	315	  	  	 	251	  	 	 	247	  	  	 	237	  	 	 	1,050	  	
Provision for income taxes	  	 	85	  	  	 	87	  	 	 	172	  	  	 	70	  	  	 	105	  	 	 	73	  	  	 	76	  	 	 	324	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	228	  	  	 	219	  	 	 	447	  	  	 	245	  	  	 	146	  	 	 	174	  	  	 	161	  	 	 	726	  	
Income (loss) from discontinued operations, net of taxes (1)	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	2	  	 	 	6	  	  	 	(20	) 	 	 	(12	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
NET INCOME	  	 	228	  	  	 	219	  	 	 	447	  	  	 	245	  	  	 	148	  	 	 	180	  	  	 	141	  	 	 	714	  	
Less: net income attributable to noncontrolling interests	  	 	52	  	  	 	35	  	 	 	87	  	  	 	37	  	  	 	40	  	 	 	39	  	  	 	38	  	 	 	154	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	$	176	  	  	$	184	  	 	$	360	  	  	$	208	  	  	$	108	  	 	$	141	  	  	$	103	  	 	$	560	  	

Earnings Per Share Data:	  				  				 				  				  				 				  				 				
									
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				  				  				 				  				 				
Basic	  	$	0.35	  	  	$	0.37	  	 	$	0.73	  	  	$	0.42	  	  	$	0.21	  	 	$	0.27	  	  	$	0.25	  	 	$	1.16	  	
Diluted	  	$	0.35	  	  	$	0.37	  	 	$	0.72	  	  	$	0.42	  	  	$	0.21	  	 	$	0.27	  	  	$	0.25	  	 	$	1.15	  	
									
Net income available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				  				  				 				  				 				
Basic	  	$	0.35	  	  	$	0.37	  	 	$	0.73	  	  	$	0.42	  	  	$	0.22	  	 	$	0.29	  	  	$	0.21	  	 	$	1.13	  	
Diluted	  	$	0.35	  	  	$	0.37	  	 	$	0.72	  	  	$	0.41	  	  	$	0.22	  	 	$	0.28	  	  	$	0.21	  	 	$	1.12	  	
									
Weighted-average shares outstanding	  				  				 				  				  				 				  				 				
Basic	  	 	496.6	  	  	 	495.8	  	 	 	496.2	  	  	 	494.7	  	  	 	494.0	  	 	 	493.4	  	  	 	492.5	  	 	 	493.6	  	
Diluted	  	 	503.6	  	  	 	502.7	  	 	 	503.2	  	  	 	501.2	  	  	 	499.3	  	 	 	497.5	  	  	 	496.8	  	 	 	498.7	  	

(1)  	Income (loss) from discontinued operations related to the wealth management business, which was sold on August 30, 2013.	
 
8

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
 Net Operating Income by Segment by Quarter
(amounts in millions, except per share amounts)

 	  	2014	 	 	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
U.S. Life Insurance Division	  			 	  				 				 				 				 				 				 				
U.S. Life Insurance segment:	  			 	  				 				 				 				 				 				 				
Life Insurance	  	$	39	  	  	$	21	  	 	$	60	  	 	$	56	  	 	$	54	  	 	$	27	  	 	$	36	  	 	$	173	  	
Long-Term Care Insurance	  	 	6	  	  	 	46	  	 	 	52	  	 	 	42	  	 	 	41	  	 	 	26	  	 	 	20	  	 	 	129	  	
Fixed Annuities	  	 	24	  	  	 	27	  	 	 	51	  	 	 	21	  	 	 	16	  	 	 	26	  	 	 	29	  	 	 	92	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	69	  	  	 	94	  	 	 	163	  	 	 	119	  	 	 	111	  	 	 	79	  	 	 	85	  	 	 	394	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance Division	  	 	69	  	  	 	94	  	 	 	163	  	 	 	119	  	 	 	111	  	 	 	79	  	 	 	85	  	 	 	394	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Global Mortgage Insurance Division	  			 	  				 				 				 				 				 				 				
International Mortgage Insurance segment:	  			 	  				 				 				 				 				 				 				
Canada	  	 	47	  	  	 	41	  	 	 	88	  	 	 	44	  	 	 	41	  	 	 	43	  	 	 	42	  	 	 	170	  	
Australia (1)	  	 	57	  	  	 	62	  	 	 	119	  	 	 	66	  	 	 	61	  	 	 	55	  	 	 	46	  	 	 	228	  	
Other Countries	  	 	(7	) 	  	 	(4	) 	 	 	(11	) 	 	 	(9	) 	 	 	(12	) 	 	 	(9	) 	 	 	(7	) 	 	 	(37	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total International Mortgage Insurance segment	  	 	97	  	  	 	99	  	 	 	196	  	 	 	101	  	 	 	90	  	 	 	89	  	 	 	81	  	 	 	361	  	
U.S. Mortgage Insurance segment	  	 	39	  	  	 	33	  	 	 	72	  	 	 	6	  	 	 	(3	) 	 	 	13	  	 	 	21	  	 	 	37	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance Division	  	 	136	  	  	 	132	  	 	 	268	  	 	 	107	  	 	 	87	  	 	 	102	  	 	 	102	  	 	 	398	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other Division	  			 	  				 				 				 				 				 				 				
International Protection segment	  	 	2	  	  	 	7	  	 	 	9	  	 	 	13	  	 	 	4	  	 	 	1	  	 	 	6	  	 	 	24	  	
Runoff segment	  	 	15	  	  	 	12	  	 	 	27	  	 	 	19	  	 	 	25	  	 	 	6	  	 	 	16	  	 	 	66	  	
Corporate and Other	  	 	(64	) 	  	 	(51	) 	 	 	(115	) 	 	 	(65	) 	 	 	(88	) 	 	 	(55	) 	 	 	(58	) 	 	 	(266	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other Division	  	 	(47	) 	  	 	(32	) 	 	 	(79	) 	 	 	(33	) 	 	 	(59	) 	 	 	(48	) 	 	 	(36	) 	 	 	(176	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	 	158	  	  	 	194	  	 	 	352	  	 	 	193	  	 	 	139	  	 	 	133	  	 	 	151	  	 	 	616	  	
ADJUSTMENTS TO NET OPERATING INCOME:	  			 	  				 				 				 				 				 				 				
Net investment gains (losses), net	  	 	20	  	  	 	(10	) 	 	 	10	  	 	 	15	  	 	 	(13	) 	 	 	15	  	 	 	(28	) 	 	 	(11	) 	
Expenses related to restructuring, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(13	) 	 	 	—  	  	 	 	(13	) 	
Gains (losses) on early extinguishment of debt, net	  	 	(2	) 	  	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	(20	) 	 	 	—  	  	 	 	—  	  	 	 	(20	) 	
Income (loss) from discontinued operations, net of taxes	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	6	  	 	 	(20	) 	 	 	(12	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	176	  	  	 	184	  	 	 	360	  	 	 	208	  	 	 	108	  	 	 	141	  	 	 	103	  	 	 	560	  	
Add: net income attributable to noncontrolling interests	  	 	52	  	  	 	35	  	 	 	87	  	 	 	37	  	 	 	40	  	 	 	39	  	 	 	38	  	 	 	154	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME	  	$	228	  	  	$	219	  	 	$	447	  	 	$	245	  	 	$	148	  	 	$	180	  	 	$	141	  	 	$	714	  	

Earnings Per Share Data:	  				  				 				 				 				 				 				 				
Net income available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				 				 				 				 				 				
Basic	  	$	0.35	  	  	$	0.37	  	 	$	0.73	  	 	$	0.42	  	 	$	0.22	  	 	$	0.29	  	 	$	0.21	  	 	$	1.13	  	
Diluted	  	$	0.35	  	  	$	0.37	  	 	$	0.72	  	 	$	0.41	  	 	$	0.22	  	 	$	0.28	  	 	$	0.21	  	 	$	1.12	  	
Net operating income per common share	  				  				 				 				 				 				 				 				
Basic	  	$	0.32	  	  	$	0.39	  	 	$	0.71	  	 	$	0.39	  	 	$	0.28	  	 	$	0.27	  	 	$	0.31	  	 	$	1.25	  	
Diluted	  	$	0.31	  	  	$	0.39	  	 	$	0.70	  	 	$	0.38	  	 	$	0.28	  	 	$	0.27	  	 	$	0.30	  	 	$	1.24	  	
Weighted-average shares outstanding	  				  				 				 				 				 				 				 				
Basic	  	 	496.6	  	  	 	495.8	  	 	 	496.2	  	 	 	494.7	  	 	 	494.0	  	 	 	493.4	  	 	 	492.5	  	 	 	493.6	  	
Diluted	  	 	503.6	  	  	 	502.7	  	 	 	503.2	  	 	 	501.2	  	 	 	499.3	  	 	 	497.5	  	 	 	496.8	  	 	 	498.7	  	

(1)  	Adjusted for 33.8% owned by noncontrolling interests after the initial public offering of the Australian mortgage insurance business on May 21, 2014. The following table shows Australia’s net operating income assuming 100% ownership and then adjusts for the portion related to noncontrolling interests.	

 	  	Three months ended
June 30,	 	  	Six months ended
June  30,	 	
 	  	    2014    	 	  	    2013    	 	  	    2014    	 	  	    2013    	 	
Australia’s Net Operating Income	  	$	68	  	  	$	55	  	  	$	130	  	  	$	101	  	
Less: Net Operating Income Attributable to Noncontrolling Interests	  	 	11	  	  	 	—  	  	  	 	11	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia’s Net Operating Income Available to Genworth Financial, Inc.’s Common Stockholders	  	$	57	  	  	$	55	  	  	$	119	  	  	$	101	  	

9

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
 Consolidated Balance Sheets
(amounts in millions)

 	  	June 30,
2014	 	  	March 31,
2014	 	  	December 31,
2013	 	  	September 30,
2013	 	  	June 30,
2013	 	
ASSETS	  			 	  				  				  				  				
Investments:	  			 	  				  				  				  				
Fixed maturity securities available-for-sale, at fair value	  	$	62,360	  	  	$	60,244	  	  	$	58,629	  	  	$	59,086	  	  	$	58,008	  	
Equity securities available-for-sale, at fair value	  	 	320	  	  	 	349	  	  	 	341	  	  	 	379	  	  	 	411	  	
Commercial mortgage loans	  	 	5,986	  	  	 	5,894	  	  	 	5,899	  	  	 	5,858	  	  	 	5,831	  	
Restricted commercial mortgage loans related to securitization entities	  	 	217	  	  	 	227	  	  	 	233	  	  	 	290	  	  	 	309	  	
Policy loans	  	 	1,514	  	  	 	1,438	  	  	 	1,434	  	  	 	1,668	  	  	 	1,671	  	
Other invested assets	  	 	1,963	  	  	 	1,875	  	  	 	1,686	  	  	 	1,826	  	  	 	1,976	  	
Restricted other invested assets related to securitization entities	  	 	404	  	  	 	398	  	  	 	391	  	  	 	392	  	  	 	392	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total investments	  	 	72,764	  	  	 	70,425	  	  	 	68,613	  	  	 	69,499	  	  	 	68,598	  	
Cash and cash equivalents	  	 	4,138	  	  	 	4,360	  	  	 	4,214	  	  	 	3,554	  	  	 	3,613	  	
Accrued investment income	  	 	642	  	  	 	752	  	  	 	678	  	  	 	705	  	  	 	639	  	
Deferred acquisition costs	  	 	5,085	  	  	 	5,177	  	  	 	5,278	  	  	 	5,256	  	  	 	5,237	  	
Intangible assets	  	 	266	  	  	 	327	  	  	 	399	  	  	 	404	  	  	 	433	  	
Goodwill	  	 	867	  	  	 	866	  	  	 	867	  	  	 	867	  	  	 	867	  	
Reinsurance recoverable	  	 	17,276	  	  	 	17,234	  	  	 	17,219	  	  	 	17,224	  	  	 	17,236	  	
Other assets	  	 	695	  	  	 	691	  	  	 	639	  	  	 	668	  	  	 	704	  	
Separate account assets	  	 	9,911	  	  	 	9,933	  	  	 	10,138	  	  	 	9,957	  	  	 	9,806	  	
Assets associated with discontinued operations (1)	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	443	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total assets	  	$	111,644	  	  	$	109,765	  	  	$	108,045	  	  	$	108,134	  	  	$	107,576	  	

 

(1)  	The assets associated with discontinued operations related to the wealth management business prior to the sale on August 30, 2013.	
 
10

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Consolidated Balance Sheets
(amounts in millions)

   	  	June 30,
2014	 	  	March 31,
2014	 	 	December 31,
2013	 	 	September 30,
2013	 	 	June 30,
2013	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  			 	  				 				 				 				
Liabilities:	  			 	  				 				 				 				
Future policy benefits	  	$	34,497	  	  	$	34,076	  	 	$	33,705	  	 	$	33,612	  	 	$	33,437	  	
Policyholder account balances	  	 	25,834	  	  	 	25,881	  	 	 	25,528	  	 	 	25,266	  	 	 	24,935	  	
Liability for policy and contract claims	  	 	7,223	  	  	 	7,156	  	 	 	7,204	  	 	 	7,271	  	 	 	7,302	  	
Unearned premiums	  	 	4,191	  	  	 	4,075	  	 	 	4,107	  	 	 	4,160	  	 	 	4,022	  	
Other liabilities	  	 	3,702	  	  	 	3,777	  	 	 	4,096	  	 	 	4,607	  	 	 	4,629	  	
Borrowings related to securitization entities	  	 	233	  	  	 	239	  	 	 	242	  	 	 	297	  	 	 	317	  	
Non-recourse funding obligations	  	 	2,024	  	  	 	2,030	  	 	 	2,038	  	 	 	2,046	  	 	 	2,054	  	
Long-term borrowings	  	 	4,691	  	  	 	5,150	  	 	 	5,161	  	 	 	4,780	  	 	 	4,720	  	
Deferred tax liability	  	 	1,074	  	  	 	714	  	 	 	206	  	 	 	293	  	 	 	369	  	
Separate account liabilities	  	 	9,911	  	  	 	9,933	  	 	 	10,138	  	 	 	9,957	  	 	 	9,806	  	
Liabilities associated with discontinued operations (1)	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	83	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	93,380	  	  	 	93,031	  	 	 	92,425	  	 	 	92,289	  	 	 	91,674	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  			 	  				 				 				 				
Common stock	  	 	1	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	
Additional paid-in capital	  	 	11,986	  	  	 	12,124	  	 	 	12,127	  	 	 	12,149	  	 	 	12,139	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  			 	  				 				 				 				
Net unrealized investment gains (losses):	  			 	  				 				 				 				
Net unrealized gains on securities not other-than-temporarily impaired	  	 	2,109	  	  	 	1,606	  	 	 	914	  	 	 	1,106	  	 	 	1,296	  	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	19	  	  	 	18	  	 	 	12	  	 	 	3	  	 	 	(2	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	2,128	  	  	 	1,624	  	 	 	926	  	 	 	1,109	  	 	 	1,294	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	1,652	  	  	 	1,538	  	 	 	1,319	  	 	 	1,442	  	 	 	1,581	  	
Foreign currency translation and other adjustments	  	 	381	  	  	 	321	  	 	 	297	  	 	 	388	  	 	 	267	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income	  	 	4,161	  	  	 	3,483	  	 	 	2,542	  	 	 	2,939	  	 	 	3,142	  	
Retained earnings	  	 	2,783	  	  	 	2,607	  	 	 	2,423	  	 	 	2,215	  	 	 	2,107	  	
Treasury stock, at cost	  	 	(2,700	) 	  	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	16,231	  	  	 	15,515	  	 	 	14,393	  	 	 	14,604	  	 	 	14,689	  	
Noncontrolling interests	  	 	2,033	  	  	 	1,219	  	 	 	1,227	  	 	 	1,241	  	 	 	1,213	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	18,264	  	  	 	16,734	  	 	 	15,620	  	 	 	15,845	  	 	 	15,902	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	111,644	  	  	$	109,765	  	 	$	108,045	  	 	$	108,134	  	 	$	107,576	  	

 

(1)  	The liabilities associated with discontinued operations related to the wealth management business prior to the sale on August 30, 2013.	
 
11

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
 Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	June 30, 2014	 	
 	  	U.S. Life
Insurance	 	  	International
Mortgage
Insurance	 	  	U.S. Mortgage
Insurance	 	 	International
Protection	 	  	Runoff	 	 	Corporate
and Other (1) 	 	 	Total	 	
ASSETS	  				  				  				 				  				 				 				
Cash and investments	  	$	58,873	  	  	$	9,219	  	  	$	2,215	  	 	$	1,639	  	  	$	2,759	  	 	$	2,839	  	 	$	77,544	  	
Deferred acquisition costs and intangible assets	  	 	5,389	  	  	 	190	  	  	 	23	  	 	 	266	  	  	 	331	  	 	 	19	  	 	 	6,218	  	
Reinsurance recoverable	  	 	16,319	  	  	 	26	  	  	 	31	  	 	 	39	  	  	 	861	  	 	 	—  	  	 	 	17,276	  	
Deferred tax and other assets	  	 	335	  	  	 	83	  	  	 	53	  	 	 	172	  	  	 	(6	) 	 	 	58	  	 	 	695	  	
Separate account assets	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	9,911	  	 	 	—  	  	 	 	9,911	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	80,916	  	  	$	9,518	  	  	$	2,322	  	 	$	2,116	  	  	$	13,856	  	 	$	2,916	  	 	$	111,644	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  				  				  				 				  				 				 				
Liabilities:	  				  				  				 				  				 				 				
Future policy benefits	  	$	34,492	  	  	$	—  	  	  	$	—  	  	 	$	—  	  	  	$	5	  	 	$	—  	  	 	$	34,497	  	
Policyholder account balances	  	 	22,667	  	  	 	—  	  	  	 	—  	  	 	 	15	  	  	 	3,152	  	 	 	—  	  	 	 	25,834	  	
Liability for policy and contract claims	  	 	5,463	  	  	 	371	  	  	 	1,256	  	 	 	117	  	  	 	16	  	 	 	—  	  	 	 	7,223	  	
Unearned premiums	  	 	612	  	  	 	2,887	  	  	 	143	  	 	 	541	  	  	 	8	  	 	 	—  	  	 	 	4,191	  	
Non-recourse funding obligations	  	 	2,054	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	(30	) 	 	 	2,024	  	
Deferred tax and other liabilities	  	 	4,510	  	  	 	233	  	  	 	(747	) 	 	 	403	  	  	 	294	  	 	 	83	  	 	 	4,776	  	
Borrowings and capital securities	  	 	—  	  	  	 	540	  	  	 	—  	  	 	 	—  	  	  	 	13	  	 	 	4,371	  	 	 	4,924	  	
Separate account liabilities	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	9,911	  	 	 	—  	  	 	 	9,911	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	69,798	  	  	 	4,031	  	  	 	652	  	 	 	1,076	  	  	 	13,399	  	 	 	4,424	  	 	 	93,380	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  				  				  				 				  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	7,547	  	  	 	2,971	  	  	 	1,650	  	 	 	947	  	  	 	479	  	 	 	(1,524	) 	 	 	12,070	  	
Allocated accumulated other comprehensive income (loss)	  	 	3,571	  	  	 	483	  	  	 	20	  	 	 	93	  	  	 	(22	) 	 	 	16	  	 	 	4,161	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	11,118	  	  	 	3,454	  	  	 	1,670	  	 	 	1,040	  	  	 	457	  	 	 	(1,508	) 	 	 	16,231	  	
Noncontrolling interests	  	 	—  	  	  	 	2,033	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	2,033	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	11,118	  	  	 	5,487	  	  	 	1,670	  	 	 	1,040	  	  	 	457	  	 	 	(1,508	) 	 	 	18,264	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	80,916	  	  	$	9,518	  	  	$	2,322	  	 	$	2,116	  	  	$	13,856	  	 	$	2,916	  	 	$	111,644	  	

 

(1)  	Includes inter-segment eliminations and non-core products.	
 
12

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	March 31, 2014	 	
 	  	U.S. Life
Insurance	 	  	International
Mortgage
Insurance	 	  	U.S. Mortgage
Insurance	 	 	International
Protection	 	  	Runoff	 	 	Corporate and
Other (1) 	 	 	Total	 	
ASSETS	  				  				  				 				  				 				 				
Cash and investments	  	$	57,260	  	  	$	8,736	  	  	$	2,210	  	 	$	1,626	  	  	$	3,057	  	 	$	2,648	  	 	$	75,537	  	
Deferred acquisition costs and intangible assets	  	 	5,529	  	  	 	181	  	  	 	20	  	 	 	275	  	  	 	343	  	 	 	22	  	 	 	6,370	  	
Reinsurance recoverable	  	 	16,267	  	  	 	21	  	  	 	41	  	 	 	31	  	  	 	874	  	 	 	—  	  	 	 	17,234	  	
Deferred tax and other assets	  	 	331	  	  	 	100	  	  	 	34	  	 	 	172	  	  	 	9	  	 	 	45	  	 	 	691	  	
Separate account assets	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	9,933	  	 	 	—  	  	 	 	9,933	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	79,387	  	  	$	9,038	  	  	$	2,305	  	 	$	2,104	  	  	$	14,216	  	 	$	2,715	  	 	$	109,765	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  				  				  				 				  				 				 				
Liabilities:	  				  				  				 				  				 				 				
Future policy benefits	  	$	34,071	  	  	$	—  	  	  	$	—  	  	 	$	—  	  	  	$	5	  	 	$	—  	  	 	$	34,076	  	
Policyholder account balances	  	 	22,507	  	  	 	—  	  	  	 	—  	  	 	 	15	  	  	 	3,359	  	 	 	—  	  	 	 	25,881	  	
Liability for policy and contract claims	  	 	5,298	  	  	 	372	  	  	 	1,355	  	 	 	114	  	  	 	17	  	 	 	—  	  	 	 	7,156	  	
Unearned premiums	  	 	613	  	  	 	2,772	  	  	 	135	  	 	 	546	  	  	 	9	  	 	 	—  	  	 	 	4,075	  	
Non-recourse funding obligations	  	 	2,060	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	(30	) 	 	 	2,030	  	
Deferred tax and other liabilities	  	 	4,236	  	  	 	190	  	  	 	(801	) 	 	 	405	  	  	 	393	  	 	 	68	  	 	 	4,491	  	
Borrowings and capital securities	  	 	—  	  	  	 	514	  	  	 	—  	  	 	 	—  	  	  	 	12	  	 	 	4,863	  	 	 	5,389	  	
Separate account liabilities	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	9,933	  	 	 	—  	  	 	 	9,933	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	68,785	  	  	 	3,848	  	  	 	689	  	 	 	1,080	  	  	 	13,728	  	 	 	4,901	  	 	 	93,031	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  				  				  				 				  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	7,624	  	  	 	3,540	  	  	 	1,606	  	 	 	944	  	  	 	528	  	 	 	(2,210	) 	 	 	12,032	  	
Allocated accumulated other comprehensive income (loss)	  	 	2,978	  	  	 	431	  	  	 	10	  	 	 	80	  	  	 	(40	) 	 	 	24	  	 	 	3,483	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	10,602	  	  	 	3,971	  	  	 	1,616	  	 	 	1,024	  	  	 	488	  	 	 	(2,186	) 	 	 	15,515	  	
Noncontrolling interests	  	 	—  	  	  	 	1,219	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1,219	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	10,602	  	  	 	5,190	  	  	 	1,616	  	 	 	1,024	  	  	 	488	  	 	 	(2,186	) 	 	 	16,734	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	79,387	  	  	$	9,038	  	  	$	2,305	  	 	$	2,104	  	  	$	14,216	  	 	$	2,715	  	 	$	109,765	  	

 

(1)  	Includes inter-segment eliminations and non-core products.	
 
13

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
 Deferred Acquisition Costs Rollforward
(amounts in millions)

 	  	U.S. Life
Insurance (1) 	 	 	International
Mortgage
Insurance	 	 	U.S. Mortgage
Insurance	 	 	International
Protection	 	 	Runoff ( 2) 	 	 	Corporate and
Other	 	  	Total	 	
Unamortized balance as of March 31, 2014	  	$	4,717	  	 	$	147	  	 	$	13	  	 	$	250	  	 	$	325	  	 	$	—  	  	  	$	5,452	  	
Costs deferred	  	 	79	  	 	 	16	  	 	 	2	  	 	 	22	  	 	 	1	  	 	 	—  	  	  	 	120	  	
Amortization, net of interest accretion	  	 	(67	) 	 	 	(12	) 	 	 	(1	) 	 	 	(29	) 	 	 	(9	) 	 	 	—  	  	  	 	(118	) 	
Impact of foreign currency translation	  	 	—  	  	 	 	4	  	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	—  	  	  	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Unamortized balance as of June 30, 2014	  	 	4,729	  	 	 	155	  	 	 	14	  	 	 	241	  	 	 	317	  	 	 	—  	  	  	 	5,456	  	
Effect of accumulated net unrealized investment (gains) losses	  	 	(365	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(6	) 	 	 	—  	  	  	 	(371	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Balance as of June 30, 2014	  	$	4,364	  	 	$	155	  	 	$	14	  	 	$	241	  	 	$	311	  	 	$	—  	  	  	$	5,085	  	

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

Table of Contents
U.S. Life Insurance Division
 
15

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Net Operating Income—U.S. Life Insurance Division
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	762	  	 	$	759	  	 	$	1,521	  	 	$	761	  	 	$	751	  	 	$	738	  	 	$	707	  	 	$	2,957	  	
Net investment income	  	 	671	  	 	 	660	  	 	 	1,331	  	 	 	675	  	 	 	650	  	 	 	658	  	 	 	638	  	 	 	2,621	  	
Net investment gains (losses)	  	 	25	  	 	 	3	  	 	 	28	  	 	 	(2	) 	 	 	(6	) 	 	 	17	  	 	 	(12	) 	 	 	(3	) 	
Insurance and investment product fees and other	  	 	175	  	 	 	171	  	 	 	346	  	 	 	185	  	 	 	192	  	 	 	190	  	 	 	188	  	 	 	755	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,633	  	 	 	1,593	  	 	 	3,226	  	 	 	1,619	  	 	 	1,587	  	 	 	1,603	  	 	 	1,521	  	 	 	6,330	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,087	  	 	 	1,030	  	 	 	2,117	  	 	 	1,036	  	 	 	924	  	 	 	1,041	  	 	 	974	  	 	 	3,975	  	
Interest credited	  	 	155	  	 	 	154	  	 	 	309	  	 	 	156	  	 	 	156	  	 	 	155	  	 	 	152	  	 	 	619	  	
Acquisition and operating expenses, net of deferrals	  	 	156	  	 	 	161	  	 	 	317	  	 	 	164	  	 	 	154	  	 	 	177	  	 	 	163	  	 	 	658	  	
Amortization of deferred acquisition costs and intangibles	  	 	81	  	 	 	75	  	 	 	156	  	 	 	78	  	 	 	139	  	 	 	80	  	 	 	87	  	 	 	384	  	
Interest expense	  	 	21	  	 	 	21	  	 	 	42	  	 	 	25	  	 	 	25	  	 	 	24	  	 	 	23	  	 	 	97	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,500	  	 	 	1,441	  	 	 	2,941	  	 	 	1,459	  	 	 	1,398	  	 	 	1,477	  	 	 	1,399	  	 	 	5,733	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	133	  	 	 	152	  	 	 	285	  	 	 	160	  	 	 	189	  	 	 	126	  	 	 	122	  	 	 	597	  	
Provision for income taxes	  	 	47	  	 	 	57	  	 	 	104	  	 	 	40	  	 	 	82	  	 	 	46	  	 	 	45	  	 	 	213	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	86	  	 	 	95	  	 	 	181	  	 	 	120	  	 	 	107	  	 	 	80	  	 	 	77	  	 	 	384	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(17	) 	 	 	(1	) 	 	 	(18	) 	 	 	(1	) 	 	 	4	  	 	 	(10	) 	 	 	8	  	 	 	1	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	9	  	 	 	—  	  	 	 	9	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	69	  	 	$	94	  	 	$	163	  	 	$	119	  	 	$	111	  	 	$	79	  	 	$	85	  	 	$	394	  	

Effective tax rate (operating income)  (1) 	  	 	35.6	% 	 	 	37.3	% 	 	 	36.6	% 	 	 	25.3	% 	 	 	43.0	% 	 	 	37.1	% 	 	 	36.4	% 	 	 	35.7	% 	

(1)  	The operating income (loss) effective tax rate for all pages in this financial supplement was calculated using whole dollars. As a result, the percentages shown may differ from an operating income (loss) effective tax rate calculated using the rounded numbers in this financial supplement.	
 
16

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income—U.S. Life Insurance Division
(amounts in millions)

   	  	U.S. Life Insurance Segment	 	 	 	 	
Three months ended June 30, 2014	  	Life Insurance	 	 	Long-Term Care
Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	171	  	 	$	577	  	 	$	14	  	 	$	762	  	 	$	762	  	
Net investment income	  	 	137	  	 	 	292	  	 	 	242	  	 	 	671	  	 	 	671	  	
Net investment gains (losses)	  	 	23	  	 	 	3	  	 	 	(1	) 	 	 	25	  	 	 	25	  	
Insurance and investment product fees and other	  	 	173	  	 	 	—  	  	 	 	2	  	 	 	175	  	 	 	175	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	504	  	 	 	872	  	 	 	257	  	 	 	1,633	  	 	 	1,633	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	257	  	 	 	735	  	 	 	95	  	 	 	1,087	  	 	 	1,087	  	
Interest credited	  	 	66	  	 	 	—  	  	 	 	89	  	 	 	155	  	 	 	155	  	
Acquisition and operating expenses, net of deferrals	  	 	45	  	 	 	97	  	 	 	14	  	 	 	156	  	 	 	156	  	
Amortization of deferred acquisition costs and intangibles	  	 	32	  	 	 	27	  	 	 	22	  	 	 	81	  	 	 	81	  	
Interest expense	  	 	21	  	 	 	—  	  	 	 	—  	  	 	 	21	  	 	 	21	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	421	  	 	 	859	  	 	 	220	  	 	 	1,500	  	 	 	1,500	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	83	  	 	 	13	  	 	 	37	  	 	 	133	  	 	 	133	  	
Provision for income taxes	  	 	29	  	 	 	5	  	 	 	13	  	 	 	47	  	 	 	47	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	54	  	 	 	8	  	 	 	24	  	 	 	86	  	 	 	86	  	
					 	
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(15	) 	 	 	(2	) 	 	 	—  	  	 	 	(17	) 	 	 	(17	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	39	  	 	$	6	  	 	$	24	  	 	$	69	  	 	$	69	  	

						
Effective tax rate (operating income)	  	 	35.4	% 	 	 	37.1	% 	 	 	35.5	% 	 	 	35.6	% 	 	 	35.6	% 	

   	  	U.S. Life Insurance Segment	 	 	 	 	
Three months ended June 30, 2013	  	Life Insurance	 	 	Long-Term Care
Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	173	  	 	$	550	  	 	$	15	  	 	$	738	  	 	$	738	  	
Net investment income	  	 	133	  	 	 	277	  	 	 	248	  	 	 	658	  	 	 	658	  	
Net investment gains (losses)	  	 	9	  	 	 	(2	) 	 	 	10	  	 	 	17	  	 	 	17	  	
Insurance and investment product fees and other	  	 	187	  	 	 	1	  	 	 	2	  	 	 	190	  	 	 	190	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	502	  	 	 	826	  	 	 	275	  	 	 	1,603	  	 	 	1,603	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	280	  	 	 	663	  	 	 	98	  	 	 	1,041	  	 	 	1,041	  	
Interest credited	  	 	68	  	 	 	—  	  	 	 	87	  	 	 	155	  	 	 	155	  	
Acquisition and operating expenses, net of deferrals	  	 	50	  	 	 	107	  	 	 	20	  	 	 	177	  	 	 	177	  	
Amortization of deferred acquisition costs and intangibles	  	 	33	  	 	 	24	  	 	 	23	  	 	 	80	  	 	 	80	  	
Interest expense	  	 	24	  	 	 	—  	  	 	 	—  	  	 	 	24	  	 	 	24	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	455	  	 	 	794	  	 	 	228	  	 	 	1,477	  	 	 	1,477	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	47	  	 	 	32	  	 	 	47	  	 	 	126	  	 	 	126	  	
Provision for income taxes	  	 	16	  	 	 	13	  	 	 	17	  	 	 	46	  	 	 	46	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	31	  	 	 	19	  	 	 	30	  	 	 	80	  	 	 	80	  	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(6	) 	 	 	1	  	 	 	(5	) 	 	 	(10	) 	 	 	(10	) 	
Expenses related to restructuring, net	  	 	2	  	 	 	6	  	 	 	1	  	 	 	9	  	 	 	9	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	27	  	 	$	26	  	 	$	26	  	 	$	79	  	 	$	79	  	

						
Effective tax rate (operating income)	  	 	34.4	% 	 	 	40.2	% 	 	 	36.3	% 	 	 	37.1	% 	 	 	37.1	% 	
 
17

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income—U.S. Life Insurance Division
(amounts in millions)

   	  	U.S. Life Insurance Segment	 	 	 	 	
Six months ended June 30, 2014	  	Life Insurance	 	 	Long-Term Care
Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	354	  	 	$	1,142	  	 	$	25	  	 	$	1,521	  	 	$	1,521	  	
Net investment income	  	 	265	  	 	 	582	  	 	 	484	  	 	 	1,331	  	 	 	1,331	  	
Net investment gains (losses)	  	 	24	  	 	 	3	  	 	 	1	  	 	 	28	  	 	 	28	  	
Insurance and investment product fees and other	  	 	341	  	 	 	1	  	 	 	4	  	 	 	346	  	 	 	346	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	984	  	 	 	1,728	  	 	 	514	  	 	 	3,226	  	 	 	3,226	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	538	  	 	 	1,399	  	 	 	180	  	 	 	2,117	  	 	 	2,117	  	
Interest credited	  	 	132	  	 	 	—  	  	 	 	177	  	 	 	309	  	 	 	309	  	
Acquisition and operating expenses, net of deferrals	  	 	95	  	 	 	190	  	 	 	32	  	 	 	317	  	 	 	317	  	
Amortization of deferred acquisition costs and intangibles	  	 	58	  	 	 	53	  	 	 	45	  	 	 	156	  	 	 	156	  	
Interest expense	  	 	42	  	 	 	—  	  	 	 	—  	  	 	 	42	  	 	 	42	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	865	  	 	 	1,642	  	 	 	434	  	 	 	2,941	  	 	 	2,941	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	119	  	 	 	86	  	 	 	80	  	 	 	285	  	 	 	285	  	
Provision for income taxes	  	 	43	  	 	 	32	  	 	 	29	  	 	 	104	  	 	 	104	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	76	  	 	 	54	  	 	 	51	  	 	 	181	  	 	 	181	  	
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(16	) 	 	 	(2	) 	 	 	—  	  	 	 	(18	) 	 	 	(18	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	60	  	 	$	52	  	 	$	51	  	 	$	163	  	 	$	163	  	

						
Effective tax rate (operating income)	  	 	36.8	% 	 	 	37.0	% 	 	 	35.9	% 	 	 	36.6	% 	 	 	36.6	% 	

   	  	U.S. Life Insurance Segment	 	 	 	 	
Six months ended June 30, 2013	  	Life Insurance	 	 	Long-Term Care
Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	354	  	 	$	1,063	  	 	$	28	  	 	$	1,445	  	 	$	1,445	  	
Net investment income	  	 	264	  	 	 	541	  	 	 	491	  	 	 	1,296	  	 	 	1,296	  	
Net investment gains (losses)	  	 	5	  	 	 	(5	) 	 	 	5	  	 	 	5	  	 	 	5	  	
Insurance and investment product fees and other	  	 	373	  	 	 	2	  	 	 	3	  	 	 	378	  	 	 	378	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	996	  	 	 	1,601	  	 	 	527	  	 	 	3,124	  	 	 	3,124	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	544	  	 	 	1,291	  	 	 	180	  	 	 	2,015	  	 	 	2,015	  	
Interest credited	  	 	132	  	 	 	—  	  	 	 	175	  	 	 	307	  	 	 	307	  	
Acquisition and operating expenses, net of deferrals	  	 	100	  	 	 	201	  	 	 	39	  	 	 	340	  	 	 	340	  	
Amortization of deferred acquisition costs and intangibles	  	 	73	  	 	 	49	  	 	 	45	  	 	 	167	  	 	 	167	  	
Interest expense	  	 	47	  	 	 	—  	  	 	 	—  	  	 	 	47	  	 	 	47	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	896	  	 	 	1,541	  	 	 	439	  	 	 	2,876	  	 	 	2,876	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	100	  	 	 	60	  	 	 	88	  	 	 	248	  	 	 	248	  	
Provision for income taxes	  	 	36	  	 	 	23	  	 	 	32	  	 	 	91	  	 	 	91	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	64	  	 	 	37	  	 	 	56	  	 	 	157	  	 	 	157	  	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(3	) 	 	 	3	  	 	 	(2	) 	 	 	(2	) 	 	 	(2	) 	
Expenses related to restructuring, net	  	 	2	  	 	 	6	  	 	 	1	  	 	 	9	  	 	 	9	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	63	  	 	$	46	  	 	$	55	  	 	$	164	  	 	$	164	  	

						
Effective tax rate (operating income)	  	 	36.3	% 	 	 	38.2	% 	 	 	35.9	% 	 	 	36.7	% 	 	 	36.7	% 	
 
18

Table of Contents
U.S. Life Insurance Segment
 
19

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
Net Operating Income and Sales—U.S. Life Insurance Segment—Life Insurance
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	171	  	 	$	183	  	 	$	354	  	 	$	164	  	 	$	166	  	 	$	173	  	 	$	181	  	 	$	684	  	
Net investment income	  	 	137	  	 	 	128	  	 	 	265	  	 	 	139	  	 	 	138	  	 	 	133	  	 	 	131	  	 	 	541	  	
Net investment gains (losses)	  	 	23	  	 	 	1	  	 	 	24	  	 	 	8	  	 	 	—  	  	 	 	9	  	 	 	(4	) 	 	 	13	  	
Insurance and investment product fees and other	  	 	173	  	 	 	168	  	 	 	341	  	 	 	183	  	 	 	188	  	 	 	187	  	 	 	186	  	 	 	744	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	504	  	 	 	480	  	 	 	984	  	 	 	494	  	 	 	492	  	 	 	502	  	 	 	494	  	 	 	1,982	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	257	  	 	 	281	  	 	 	538	  	 	 	241	  	 	 	160	  	 	 	280	  	 	 	264	  	 	 	945	  	
Interest credited	  	 	66	  	 	 	66	  	 	 	132	  	 	 	66	  	 	 	68	  	 	 	68	  	 	 	64	  	 	 	266	  	
Acquisition and operating expenses, net of deferrals	  	 	45	  	 	 	50	  	 	 	95	  	 	 	47	  	 	 	47	  	 	 	50	  	 	 	50	  	 	 	194	  	
Amortization of deferred acquisition costs and intangibles	  	 	32	  	 	 	26	  	 	 	58	  	 	 	31	  	 	 	88	  	 	 	33	  	 	 	40	  	 	 	192	  	
Interest expense	  	 	21	  	 	 	21	  	 	 	42	  	 	 	25	  	 	 	25	  	 	 	24	  	 	 	23	  	 	 	97	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	421	  	 	 	444	  	 	 	865	  	 	 	410	  	 	 	388	  	 	 	455	  	 	 	441	  	 	 	1,694	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	83	  	 	 	36	  	 	 	119	  	 	 	84	  	 	 	104	  	 	 	47	  	 	 	53	  	 	 	288	  	
Provision for income taxes	  	 	29	  	 	 	14	  	 	 	43	  	 	 	22	  	 	 	50	  	 	 	16	  	 	 	20	  	 	 	108	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	54	  	 	 	22	  	 	 	76	  	 	 	62	  	 	 	54	  	 	 	31	  	 	 	33	  	 	 	180	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(15	) 	 	 	(1	) 	 	 	(16	) 	 	 	(6	) 	 	 	—  	  	 	 	(6	) 	 	 	3	  	 	 	(9	) 	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	39	  	 	$	21	  	 	$	60	  	 	$	56	  	 	$	54	  	 	$	27	  	 	$	36	  	 	$	173	  	

Effective tax rate (operating income)	  	 	35.4	% 	 	 	39.3	% 	 	 	36.8	% 	 	 	25.6	% 	 	 	47.5	% 	 	 	34.4	% 	 	 	37.6	% 	 	 	37.6	% 	
									
SALES:	  				 				 				 				 				 				 				 				
Sales by Product:	  				 				 				 				 				 				 				 				
Term Life	  	$	14	  	 	$	13	  	 	$	27	  	 	$	9	  	 	$	5	  	 	$	4	  	 	$	4	  	 	$	22	  	
Term Universal Life	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	
Universal Life	  	 	7	  	 	 	6	  	 	 	13	  	 	 	5	  	 	 	5	  	 	 	5	  	 	 	9	  	 	 	24	  	
Linked-Benefits	  	 	5	  	 	 	2	  	 	 	7	  	 	 	3	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	10	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	26	  	 	$	21	  	 	$	47	  	 	$	17	  	 	$	12	  	 	$	12	  	 	$	16	  	 	$	57	  	

 
20

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Life Insurance In-Force
(amounts in millions)

 	  	2014	 	  	2013	 	
 	  	2Q	 	  	1Q	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	
Term and Whole Life Insurance	  			 	  				  				  				  				  				
Life insurance in-force, net of reinsurance	  	$	341,383	  	  	$	338,372	  	  	$	336,015	  	  	$	335,039	  	  	$	336,008	  	  	$	338,014	  	
Life insurance in-force before reinsurance	  	$	524,743	  	  	$	523,925	  	  	$	523,694	  	  	$	525,171	  	  	$	528,874	  	  	$	534,194	  	
	 						
Term Universal Life Insurance	  			 	  				  				  				  				  				
Life insurance in-force, net of reinsurance	  	$	130,270	  	  	$	131,256	  	  	$	132,293	  	  	$	133,500	  	  	$	134,868	  	  	$	136,222	  	
Life insurance in-force before reinsurance	  	$	131,296	  	  	$	132,294	  	  	$	133,348	  	  	$	134,555	  	  	$	135,937	  	  	$	137,297	  	
	 						
Universal Life Insurance	  			 	  				  				  				  				  				
Life insurance in-force, net of reinsurance	  	$	42,454	  	  	$	42,814	  	  	$	43,150	  	  	$	43,447	  	  	$	43,773	  	  	$	44,051	  	
Life insurance in-force before reinsurance	  	$	49,004	  	  	$	49,418	  	  	$	49,790	  	  	$	50,203	  	  	$	50,558	  	  	$	50,906	  	
	 						
Total Life Insurance	  			 	  				  				  				  				  				
Life insurance in-force, net of reinsurance	  	$	514,107	  	  	$	512,442	  	  	$	511,458	  	  	$	511,986	  	  	$	514,649	  	  	$	518,287	  	
Life insurance in-force before reinsurance	  	$	705,043	  	  	$	705,637	  	  	$	706,832	  	  	$	709,929	  	  	$	715,369	  	  	$	722,397	  	
 
21

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income and Sales—U.S. Life Insurance Segment—Long-Term Care Insurance
(amounts in millions)

 	 	2014	 	 	2013	 	
 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				
Premiums	 	$	577	  	 	$	565	  	 	$	1,142	  	 	$	582	  	 	$	564	  	 	$	550	  	 	$	513	  	 	$	2,209	  	
Net investment income	 	 	292	  	 	 	290	  	 	 	582	  	 	 	291	  	 	 	282	  	 	 	277	  	 	 	264	  	 	 	1,114	  	
Net investment gains (losses)	 	 	3	  	 	 	—  	  	 	 	3	  	 	 	(4	) 	 	 	(2	) 	 	 	(2	) 	 	 	(3	) 	 	 	(11	) 	
Insurance and investment product fees and other	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	4	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	872	  	 	 	856	  	 	 	1,728	  	 	 	869	  	 	 	846	  	 	 	826	  	 	 	775	  	 	 	3,316	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	735	  	 	 	664	  	 	 	1,399	  	 	 	701	  	 	 	659	  	 	 	663	  	 	 	628	  	 	 	2,651	  	
Interest credited	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	 	 	97	  	 	 	93	  	 	 	190	  	 	 	94	  	 	 	90	  	 	 	107	  	 	 	94	  	 	 	385	  	
Amortization of deferred acquisition costs and intangibles	 	 	27	  	 	 	26	  	 	 	53	  	 	 	27	  	 	 	31	  	 	 	24	  	 	 	25	  	 	 	107	  	
Interest expense	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	859	  	 	 	783	  	 	 	1,642	  	 	 	822	  	 	 	780	  	 	 	794	  	 	 	747	  	 	 	3,143	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	13	  	 	 	73	  	 	 	86	  	 	 	47	  	 	 	66	  	 	 	32	  	 	 	28	  	 	 	173	  	
Provision for income taxes	 	 	5	  	 	 	27	  	 	 	32	  	 	 	8	  	 	 	26	  	 	 	13	  	 	 	10	  	 	 	57	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	8	  	 	 	46	  	 	 	54	  	 	 	39	  	 	 	40	  	 	 	19	  	 	 	18	  	 	 	116	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	(2	) 	 	 	—  	  	 	 	(2	) 	 	 	3	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	7	  	
Expenses related to restructuring, net	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	6	  	 	 	—  	  	 	 	6	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	 	$	6	  	 	$	46	  	 	$	52	  	 	$	42	  	 	$	41	  	 	$	26	  	 	$	20	  	 	$	129	  	

Effective tax rate (operating income)	 	 	37.1	% 	 	 	37.0	% 	 	 	37.0	% 	 	 	19.8	% 	 	 	38.6	% 	 	 	40.2	% 	 	 	35.4	% 	 	 	33.3	% 	
									
SALES:	 				 				 				 				 				 				 				 				
Individual Long-Term Care Insurance	 	$	24	  	 	$	21	  	 	$	45	  	 	$	24	  	 	$	37	  	 	$	38	  	 	$	35	  	 	$	134	  	
Group Long-Term Care Insurance	 	 	2	  	 	 	1	  	 	 	3	  	 	 	2	  	 	 	3	  	 	 	5	  	 	 	5	  	 	 	15	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	 	$	26	  	 	$	22	  	 	$	48	  	 	$	26	  	 	$	40	  	 	$	43	  	 	$	40	  	 	$	149	  	

									
RATIOS:	 				 				 				 				 				 				 				 				
Loss Ratio (1)	 	 	73.2	% 	 	 	63.3	% 	 	 	68.3	% 	 	 	68.2	% 	 	 	63.7	% 	 	 	66.6	% 	 	 	66.2	% 	 	 	66.2	% 	
Gross Benefits Ratio (2)	 	 	127.3	% 	 	 	117.5	% 	 	 	122.4	% 	 	 	120.4	% 	 	 	116.8	% 	 	 	120.3	% 	 	 	122.8	% 	 	 	120.0	% 	

(1)  	The loss ratio was calculated by dividing benefits and other changes in policy reserves less tabular interest on reserves less loss adjustment expenses by net earned premiums.	
(2)  	The gross benefits ratio was calculated by dividing the benefits and other changes in policy reserves by net earned premiums.	
 
22

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income and Sales—U.S. Life Insurance Segment—Fixed Annuities
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	14	  	 	$	11	  	 	$	25	  	 	$	15	  	 	$	21	  	 	$	15	  	 	$	13	  	 	$	64	  	
Net investment income	  	 	242	  	 	 	242	  	 	 	484	  	 	 	245	  	 	 	230	  	 	 	248	  	 	 	243	  	 	 	966	  	
Net investment gains (losses)	  	 	(1	) 	 	 	2	  	 	 	1	  	 	 	(6	) 	 	 	(4	) 	 	 	10	  	 	 	(5	) 	 	 	(5	) 	
Insurance and investment product fees and other	  	 	2	  	 	 	2	  	 	 	4	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	1	  	 	 	7	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	257	  	 	 	257	  	 	 	514	  	 	 	256	  	 	 	249	  	 	 	275	  	 	 	252	  	 	 	1,032	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	95	  	 	 	85	  	 	 	180	  	 	 	94	  	 	 	105	  	 	 	98	  	 	 	82	  	 	 	379	  	
Interest credited	  	 	89	  	 	 	88	  	 	 	177	  	 	 	90	  	 	 	88	  	 	 	87	  	 	 	88	  	 	 	353	  	
Acquisition and operating expenses, net of deferrals	  	 	14	  	 	 	18	  	 	 	32	  	 	 	23	  	 	 	17	  	 	 	20	  	 	 	19	  	 	 	79	  	
Amortization of deferred acquisition costs and intangibles	  	 	22	  	 	 	23	  	 	 	45	  	 	 	20	  	 	 	20	  	 	 	23	  	 	 	22	  	 	 	85	  	
Interest expense	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	220	  	 	 	214	  	 	 	434	  	 	 	227	  	 	 	230	  	 	 	228	  	 	 	211	  	 	 	896	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	37	  	 	 	43	  	 	 	80	  	 	 	29	  	 	 	19	  	 	 	47	  	 	 	41	  	 	 	136	  	
Provision for income taxes	  	 	13	  	 	 	16	  	 	 	29	  	 	 	10	  	 	 	6	  	 	 	17	  	 	 	15	  	 	 	48	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	24	  	 	 	27	  	 	 	51	  	 	 	19	  	 	 	13	  	 	 	30	  	 	 	26	  	 	 	88	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	3	  	 	 	(5	) 	 	 	3	  	 	 	3	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	24	  	 	$	27	  	 	$	51	  	 	$	21	  	 	$	16	  	 	$	26	  	 	$	29	  	 	$	92	  	

Effective tax rate (operating income)	  	 	35.5	% 	 	 	36.2	% 	 	 	35.9	% 	 	 	33.6	% 	 	 	35.4	% 	 	 	36.3	% 	 	 	35.5	% 	 	 	35.3	% 	
									
SALES:	  				 				 				 				 				 				 				 				
Sales by Product:	  				 				 				 				 				 				 				 				
Single Premium Immediate Annuities	  	$	29	  	 	$	28	  	 	$	57	  	 	$	52	  	 	$	53	  	 	$	48	  	 	$	40	  	 	$	193	  	
Single Premium Deferred Annuities	  	 	400	  	 	 	492	  	 	 	892	  	 	 	678	  	 	 	707	  	 	 	164	  	 	 	67	  	 	 	1,616	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	429	  	 	$	520	  	 	$	949	  	 	$	730	  	 	$	760	  	 	$	212	  	 	$	107	  	 	$	1,809	  	

 
23

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Operating Performance Measures—U.S. Life Insurance Segment—Fixed Annuities
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	  	1Q	 	  	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Single Premium Deferred Annuities	  			 	  				  				 				 				 				 				 				
Account value, beginning of the period	  	$	12,070	  	  	$	11,807	  	  	$	11,807	  	 	$	11,341	  	 	$	10,842	  	 	$	10,881	  	 	$	11,038	  	 	$	11,038	  	
Deposits	  	 	404	  	  	 	496	  	  	 	900	  	 	 	686	  	 	 	714	  	 	 	166	  	 	 	68	  	 	 	1,634	  	
Surrenders, benefits and product charges	  	 	(320	) 	  	 	(312	) 	  	 	(632	) 	 	 	(300	) 	 	 	(293	) 	 	 	(281	) 	 	 	(302	) 	 	 	(1,176	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	84	  	  	 	184	  	  	 	268	  	 	 	386	  	 	 	421	  	 	 	(115	) 	 	 	(234	) 	 	 	458	  	
Interest credited	  	 	79	  	  	 	79	  	  	 	158	  	 	 	80	  	 	 	78	  	 	 	76	  	 	 	77	  	 	 	311	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	  	 	12,233	  	  	 	12,070	  	  	 	12,233	  	 	 	11,807	  	 	 	11,341	  	 	 	10,842	  	 	 	10,881	  	 	 	11,807	  	

Single Premium Immediate Annuities	  			 	  				  				 				 				 				 				 				
Account value, beginning of the period	  	 	5,875	  	  	 	5,837	  	  	 	5,837	  	 	 	5,931	  	 	 	6,010	  	 	 	6,319	  	 	 	6,442	  	 	 	6,442	  	
Premiums and deposits	  	 	59	  	  	 	49	  	  	 	108	  	 	 	91	  	 	 	80	  	 	 	71	  	 	 	65	  	 	 	307	  	
Surrenders, benefits and product charges	  	 	(213	) 	  	 	(215	) 	  	 	(428	) 	 	 	(221	) 	 	 	(214	) 	 	 	(228	) 	 	 	(235	) 	 	 	(898	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(154	) 	  	 	(166	) 	  	 	(320	) 	 	 	(130	) 	 	 	(134	) 	 	 	(157	) 	 	 	(170	) 	 	 	(591	) 	
Interest credited	  	 	67	  	  	 	68	  	  	 	135	  	 	 	69	  	 	 	71	  	 	 	72	  	 	 	73	  	 	 	285	  	
Effect of accumulated net unrealized investment gains (losses)	  	 	103	  	  	 	136	  	  	 	239	  	 	 	(33	) 	 	 	(16	) 	 	 	(224	) 	 	 	(26	) 	 	 	(299	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	  	 	5,891	  	  	 	5,875	  	  	 	5,891	  	 	 	5,837	  	 	 	5,931	  	 	 	6,010	  	 	 	6,319	  	 	 	5,837	  	

Structured Settlements	  			 	  				  				 				 				 				 				 				
Account value, net of reinsurance, beginning of the period	  	 	1,092	  	  	 	1,093	  	  	 	1,093	  	 	 	1,095	  	 	 	1,097	  	 	 	1,101	  	 	 	1,101	  	 	 	1,101	  	
Surrenders, benefits and product charges	  	 	(21	) 	  	 	(15	) 	  	 	(36	) 	 	 	(16	) 	 	 	(17	) 	 	 	(18	) 	 	 	(15	) 	 	 	(66	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(21	) 	  	 	(15	) 	  	 	(36	) 	 	 	(16	) 	 	 	(17	) 	 	 	(18	) 	 	 	(15	) 	 	 	(66	) 	
Interest credited	  	 	14	  	  	 	14	  	  	 	28	  	 	 	14	  	 	 	15	  	 	 	14	  	 	 	15	  	 	 	58	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of the period	  	 	1,085	  	  	 	1,092	  	  	 	1,085	  	 	 	1,093	  	 	 	1,095	  	 	 	1,097	  	 	 	1,101	  	 	 	1,093	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Fixed Annuities	  	$	19,209	  	  	$	19,037	  	  	$	19,209	  	 	$	18,737	  	 	$	18,367	  	 	$	17,949	  	 	$	18,301	  	 	$	18,737	  	

 
24

Table of Contents
Global Mortgage Insurance Division
 
25

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Net Operating Income—Global Mortgage Insurance Division
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	381	  	 	$	372	  	 	$	753	  	 	$	390	  	 	$	380	  	 	$	392	  	 	$	388	  	 	$	1,550	  	
Net investment income	  	 	86	  	 	 	92	  	 	 	178	  	 	 	93	  	 	 	98	  	 	 	95	  	 	 	107	  	 	 	393	  	
Net investment gains (losses)	  	 	12	  	 	 	(3	) 	 	 	9	  	 	 	9	  	 	 	7	  	 	 	13	  	 	 	3	  	 	 	32	  	
Insurance and investment product fees and other	  	 	(3	) 	 	 	2	  	 	 	(1	) 	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	476	  	 	 	463	  	 	 	939	  	 	 	493	  	 	 	485	  	 	 	500	  	 	 	499	  	 	 	1,977	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	107	  	 	 	110	  	 	 	217	  	 	 	172	  	 	 	196	  	 	 	177	  	 	 	184	  	 	 	729	  	
Acquisition and operating expenses, net of deferrals	  	 	93	  	 	 	82	  	 	 	175	  	 	 	107	  	 	 	91	  	 	 	96	  	 	 	91	  	 	 	385	  	
Amortization of deferred acquisition costs and intangibles	  	 	17	  	 	 	17	  	 	 	34	  	 	 	15	  	 	 	15	  	 	 	19	  	 	 	17	  	 	 	66	  	
Interest expense	  	 	8	  	 	 	8	  	 	 	16	  	 	 	7	  	 	 	9	  	 	 	8	  	 	 	9	  	 	 	33	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	225	  	 	 	217	  	 	 	442	  	 	 	301	  	 	 	311	  	 	 	300	  	 	 	301	  	 	 	1,213	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	251	  	 	 	246	  	 	 	497	  	 	 	192	  	 	 	174	  	 	 	200	  	 	 	198	  	 	 	764	  	
Provision for income taxes	  	 	61	  	 	 	80	  	 	 	141	  	 	 	44	  	 	 	45	  	 	 	55	  	 	 	57	  	 	 	201	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	190	  	 	 	166	  	 	 	356	  	 	 	148	  	 	 	129	  	 	 	145	  	 	 	141	  	 	 	563	  	
Less: net income attributable to noncontrolling interests	  	 	52	  	 	 	35	  	 	 	87	  	 	 	37	  	 	 	40	  	 	 	39	  	 	 	38	  	 	 	154	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	138	  	 	 	131	  	 	 	269	  	 	 	111	  	 	 	89	  	 	 	106	  	 	 	103	  	 	 	409	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(4	) 	 	 	1	  	 	 	(3	) 	 	 	(4	) 	 	 	(2	) 	 	 	(5	) 	 	 	(1	) 	 	 	(12	) 	
(Gains) losses on early extinguishment of debt, net	  	 	2	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME  (1) 	  	$	136	  	 	$	132	  	 	$	268	  	 	$	107	  	 	$	87	  	 	$	102	  	 	$	102	  	 	$	398	  	

Effective tax rate (operating income)	  	 	23.3	% 	 	 	33.9	% 	 	 	28.9	% 	 	 	20.7	% 	 	 	25.3	% 	 	 	27.2	% 	 	 	30.0	% 	 	 	25.9	% 	

(1)  	Net operating income adjusted for foreign exchange as compared to the prior year period for the Global Mortgage Insurance Division was $147 million and $295 million for the three and six months ended June 30, 2014, respectively.	
 
26

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income (Loss)—Global Mortgage Insurance Division
(amounts in millions)

 	  	International Mortgage Insurance Segment	 	 	 	 	  	 	 	
Three months ended June 30, 2014	  	Canada	 	 	Australia	 	 	Other
Countries	 	 	Total International
Mortgage Insurance
Segment	 	 	U.S. Mortgage
Insurance
Segment	 	  	Total	 	
REVENUES:	  				 				 				 				 				  			 	
Premiums	  	$	128	  	 	$	102	  	 	$	7	  	 	$	237	  	 	$	144	  	  	$	381	  	
Net investment income	  	 	39	  	 	 	36	  	 	 	—  	  	 	 	75	  	 	 	11	  	  	 	86	  	
Net investment gains (losses)	  	 	12	  	 	 	—  	  	 	 	—  	  	 	 	12	  	 	 	—  	  	  	 	12	  	
Insurance and investment product fees and other	  	 	1	  	 	 	(4	) 	 	 	(1	) 	 	 	(4	) 	 	 	1	  	  	 	(3	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues	  	 	180	  	 	 	134	  	 	 	6	  	 	 	320	  	 	 	156	  	  	 	476	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 				  			 	
Benefits and other changes in policy reserves	  	 	15	  	 	 	24	  	 	 	6	  	 	 	45	  	 	 	62	  	  	 	107	  	
Acquisition and operating expenses, net of deferrals	  	 	28	  	 	 	23	  	 	 	8	  	 	 	59	  	 	 	34	  	  	 	93	  	
Amortization of deferred acquisition costs and intangibles	  	 	9	  	 	 	6	  	 	 	—  	  	 	 	15	  	 	 	2	  	  	 	17	  	
Interest expense	  	 	6	  	 	 	2	  	 	 	—  	  	 	 	8	  	 	 	—  	  	  	 	8	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	58	  	 	 	55	  	 	 	14	  	 	 	127	  	 	 	98	  	  	 	225	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	122	  	 	 	79	  	 	 	(8	) 	 	 	193	  	 	 	58	  	  	 	251	  	
Provision (benefit) for income taxes	  	 	32	  	 	 	11	  	 	 	(1	) 	 	 	42	  	 	 	19	  	  	 	61	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	90	  	 	 	68	  	 	 	(7	) 	 	 	151	  	 	 	39	  	  	 	190	  	
Less: net income attributable to noncontrolling interests	  	 	41	  	 	 	11	  	 	 	—  	  	 	 	52	  	 	 	—  	  	  	 	52	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	49	  	 	 	57	  	 	 	(7	) 	 	 	99	  	 	 	39	  	  	 	138	  	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  				 				 				 				 				  			 	
Net investment (gains) losses, net	  	 	(4	) 	 	 	—  	  	 	 	—  	  	 	 	(4	) 	 	 	—  	  	  	 	(4	) 	
(Gains) losses on early extinguishment of debt, net	  	 	2	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	  	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME	  	$	47	  	 	$	57	  	 	$	(7	) 	 	$	97	  	 	$	39	  	  	$	136	  	

Effective tax rate (operating income)	  	 	26.3	% 	 	 	10.4	% 	 	 	11.3	% 	 	 	18.8	% 	 	 	32.4	% 	  	 	23.3	% 	
				
 	  	International Mortgage Insurance Segment	 	 	 	 	  	 	 	
Three months ended June 30, 2013	  	Canada	 	 	Australia	 	 	Other
Countries	 	 	Total International
Mortgage Insurance
Segment	 	 	U.S. Mortgage
Insurance
Segment	 	  	Total	 	
REVENUES:	  				 				 				 				 				  			 	
Premiums	  	$	141	  	 	$	101	  	 	$	9	  	 	$	251	  	 	$	141	  	  	$	392	  	
Net investment income	  	 	42	  	 	 	42	  	 	 	1	  	 	 	85	  	 	 	10	  	  	 	95	  	
Net investment gains (losses)	  	 	12	  	 	 	1	  	 	 	—  	  	 	 	13	  	 	 	—  	  	  	 	13	  	
Insurance and investment product fees and other	  	 	(1	) 	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues	  	 	194	  	 	 	144	  	 	 	11	  	 	 	349	  	 	 	151	  	  	 	500	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 				  			 	
Benefits and other changes in policy reserves	  	 	35	  	 	 	36	  	 	 	9	  	 	 	80	  	 	 	97	  	  	 	177	  	
Acquisition and operating expenses, net of deferrals	  	 	22	  	 	 	27	  	 	 	12	  	 	 	61	  	 	 	35	  	  	 	96	  	
Amortization of deferred acquisition costs and intangibles	  	 	10	  	 	 	6	  	 	 	1	  	 	 	17	  	 	 	2	  	  	 	19	  	
Interest expense	  	 	5	  	 	 	3	  	 	 	—  	  	 	 	8	  	 	 	—  	  	  	 	8	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	72	  	 	 	72	  	 	 	22	  	 	 	166	  	 	 	134	  	  	 	300	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	122	  	 	 	72	  	 	 	(11	) 	 	 	183	  	 	 	17	  	  	 	200	  	
Provision (benefit) for income taxes	  	 	35	  	 	 	17	  	 	 	(1	) 	 	 	51	  	 	 	4	  	  	 	55	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	87	  	 	 	55	  	 	 	(10	) 	 	 	132	  	 	 	13	  	  	 	145	  	
Less: net income attributable to noncontrolling interests	  	 	39	  	 	 	—  	  	 	 	—  	  	 	 	39	  	 	 	—  	  	  	 	39	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	48	  	 	 	55	  	 	 	(10	) 	 	 	93	  	 	 	13	  	  	 	106	  	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  				 				 				 				 				  			 	
Net investment (gains) losses, net	  	 	(5	) 	 	 	—  	  	 	 	—  	  	 	 	(5	) 	 	 	—  	  	  	 	(5	) 	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	  	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	43	  	 	$	55	  	 	$	(9	) 	 	$	89	  	 	$	13	  	  	$	102	  	

Effective tax rate (operating income (loss))	  	 	29.3	% 	 	 	23.5	% 	 	 	5.7	% 	 	 	27.8	% 	 	 	22.9	% 	  	 	27.2	% 	
 
27

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income (Loss)—Global Mortgage Insurance Division
(amounts in millions)

 	  	International Mortgage Insurance Segment	 	 	 	 	  	 	 	
Six months ended June 30, 2014	  	Canada	 	 	Australia	 	 	Other
Countries	 	 	Total International
Mortgage Insurance
Segment	 	 	U.S. Mortgage
Insurance
Segment	 	  	Total	 	
REVENUES:	  				 				 				 				 				  			 	
Premiums	  	$	258	  	 	$	199	  	 	$	15	  	 	$	472	  	 	$	281	  	  	$	753	  	
Net investment income	  	 	78	  	 	 	70	  	 	 	1	  	 	 	149	  	 	 	29	  	  	 	178	  	
Net investment gains (losses)	  	 	9	  	 	 	—  	  	 	 	—  	  	 	 	9	  	 	 	—  	  	  	 	9	  	
Insurance and investment product fees and other	  	 	3	  	 	 	(4	) 	 	 	(1	) 	 	 	(2	) 	 	 	1	  	  	 	(1	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues	  	 	348	  	 	 	265	  	 	 	15	  	 	 	628	  	 	 	311	  	  	 	939	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 				  			 	
Benefits and other changes in policy reserves	  	 	41	  	 	 	41	  	 	 	10	  	 	 	92	  	 	 	125	  	  	 	217	  	
Acquisition and operating expenses, net of deferrals	  	 	49	  	 	 	42	  	 	 	17	  	 	 	108	  	 	 	67	  	  	 	175	  	
Amortization of deferred acquisition costs and intangibles	  	 	19	  	 	 	11	  	 	 	—  	  	 	 	30	  	 	 	4	  	  	 	34	  	
Interest expense	  	 	11	  	 	 	5	  	 	 	—  	  	 	 	16	  	 	 	—  	  	  	 	16	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	120	  	 	 	99	  	 	 	27	  	 	 	246	  	 	 	196	  	  	 	442	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	228	  	 	 	166	  	 	 	(12	) 	 	 	382	  	 	 	115	  	  	 	497	  	
Provision (benefit) for income taxes	  	 	63	  	 	 	36	  	 	 	(1	) 	 	 	98	  	 	 	43	  	  	 	141	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	165	  	 	 	130	  	 	 	(11	) 	 	 	284	  	 	 	72	  	  	 	356	  	
Less: net income attributable to noncontrolling interests	  	 	76	  	 	 	11	  	 	 	—  	  	 	 	87	  	 	 	—  	  	  	 	87	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	89	  	 	 	119	  	 	 	(11	) 	 	 	197	  	 	 	72	  	  	 	269	  	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  				 				 				 				 				  			 	
Net investment (gains) losses, net	  	 	(3	) 	 	 	—  	  	 	 	—  	  	 	 	(3	) 	 	 	—  	  	  	 	(3	) 	
(Gains) losses on early extinguishment of debt, net	  	 	2	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	  	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME	  	$	88	  	 	$	119	  	 	$	(11	) 	 	$	196	  	 	$	72	  	  	$	268	  	

Effective tax rate (operating income)	  	 	28.8	% 	 	 	21.2	% 	 	 	11.0	% 	 	 	25.3	% 	 	 	37.2	% 	  	 	28.9	% 	
				
 	  	International Mortgage Insurance Segment	 	 	 	 	  	 	 	
Six months ended June 30, 2013	  	Canada	 	 	Australia	 	 	Other
Countries	 	 	Total International
Mortgage Insurance
Segment	 	 	U.S. Mortgage
Insurance
Segment	 	  	Total	 	
REVENUES:	  				 				 				 				 				  			 	
Premiums	  	$	285	  	 	$	202	  	 	$	18	  	 	$	505	  	 	$	275	  	  	$	780	  	
Net investment income	  	 	86	  	 	 	85	  	 	 	2	  	 	 	173	  	 	 	29	  	  	 	202	  	
Net investment gains (losses)	  	 	16	  	 	 	—  	  	 	 	—  	  	 	 	16	  	 	 	—  	  	  	 	16	  	
Insurance and investment product fees and other	  	 	(1	) 	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	  	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues	  	 	386	  	 	 	287	  	 	 	21	  	 	 	694	  	 	 	305	  	  	 	999	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 				  			 	
Benefits and other changes in policy reserves	  	 	79	  	 	 	84	  	 	 	17	  	 	 	180	  	 	 	181	  	  	 	361	  	
Acquisition and operating expenses, net of deferrals	  	 	41	  	 	 	51	  	 	 	21	  	 	 	113	  	 	 	74	  	  	 	187	  	
Amortization of deferred acquisition costs and intangibles	  	 	20	  	 	 	12	  	 	 	1	  	 	 	33	  	 	 	3	  	  	 	36	  	
Interest expense	  	 	11	  	 	 	6	  	 	 	—  	  	 	 	17	  	 	 	—  	  	  	 	17	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	151	  	 	 	153	  	 	 	39	  	 	 	343	  	 	 	258	  	  	 	601	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	235	  	 	 	134	  	 	 	(18	) 	 	 	351	  	 	 	47	  	  	 	398	  	
Provision (benefit) for income taxes	  	 	67	  	 	 	33	  	 	 	(1	) 	 	 	99	  	 	 	13	  	  	 	112	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	168	  	 	 	101	  	 	 	(17	) 	 	 	252	  	 	 	34	  	  	 	286	  	
Less: net income attributable to noncontrolling interests	  	 	77	  	 	 	—  	  	 	 	—  	  	 	 	77	  	 	 	—  	  	  	 	77	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	91	  	 	 	101	  	 	 	(17	) 	 	 	175	  	 	 	34	  	  	 	209	  	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  				 				 				 				 				  			 	
Net investment (gains) losses, net	  	 	(6	) 	 	 	—  	  	 	 	—  	  	 	 	(6	) 	 	 	—  	  	  	 	(6	) 	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	  	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	85	  	 	$	101	  	 	$	(16	) 	 	$	170	  	 	$	34	  	  	$	204	  	

Effective tax rate (operating income (loss))	  	 	29.8	% 	 	 	24.9	% 	 	 	5.3	% 	 	 	28.8	% 	 	 	27.5	% 	  	 	28.6	% 	
 
28

Table of Contents
International Mortgage Insurance Segment
 
29

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
Net Operating Income—International Mortgage Insurance Segment
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	237	  	 	$	235	  	 	$	472	  	 	$	248	  	 	$	243	  	 	$	251	  	 	$	254	  	 	$	996	  	
Net investment income	  	 	75	  	 	 	74	  	 	 	149	  	 	 	80	  	 	 	80	  	 	 	85	  	 	 	88	  	 	 	333	  	
Net investment gains (losses)	  	 	12	  	 	 	(3	) 	 	 	9	  	 	 	9	  	 	 	7	  	 	 	13	  	 	 	3	  	 	 	32	  	
Insurance and investment product fees and other	  	 	(4	) 	 	 	2	  	 	 	(2	) 	 	 	1	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	320	  	 	 	308	  	 	 	628	  	 	 	338	  	 	 	329	  	 	 	349	  	 	 	345	  	 	 	1,361	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	45	  	 	 	47	  	 	 	92	  	 	 	64	  	 	 	73	  	 	 	80	  	 	 	100	  	 	 	317	  	
Acquisition and operating expenses, net of deferrals	  	 	59	  	 	 	49	  	 	 	108	  	 	 	72	  	 	 	56	  	 	 	61	  	 	 	52	  	 	 	241	  	
Amortization of deferred acquisition costs and intangibles	  	 	15	  	 	 	15	  	 	 	30	  	 	 	14	  	 	 	13	  	 	 	17	  	 	 	16	  	 	 	60	  	
Interest expense	  	 	8	  	 	 	8	  	 	 	16	  	 	 	7	  	 	 	9	  	 	 	8	  	 	 	9	  	 	 	33	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	127	  	 	 	119	  	 	 	246	  	 	 	157	  	 	 	151	  	 	 	166	  	 	 	177	  	 	 	651	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	193	  	 	 	189	  	 	 	382	  	 	 	181	  	 	 	178	  	 	 	183	  	 	 	168	  	 	 	710	  	
Provision for income taxes	  	 	42	  	 	 	56	  	 	 	98	  	 	 	39	  	 	 	46	  	 	 	51	  	 	 	48	  	 	 	184	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	151	  	 	 	133	  	 	 	284	  	 	 	142	  	 	 	132	  	 	 	132	  	 	 	120	  	 	 	526	  	
Less: net income attributable to noncontrolling interests	  	 	52	  	 	 	35	  	 	 	87	  	 	 	37	  	 	 	40	  	 	 	39	  	 	 	38	  	 	 	154	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	99	  	 	 	98	  	 	 	197	  	 	 	105	  	 	 	92	  	 	 	93	  	 	 	82	  	 	 	372	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(4	) 	 	 	1	  	 	 	(3	) 	 	 	(4	) 	 	 	(2	) 	 	 	(5	) 	 	 	(1	) 	 	 	(12	) 	
(Gains) losses on early extinguishment of debt, net	  	 	2	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 	  	$	97	  	 	$	99	  	 	$	196	  	 	$	101	  	 	$	90	  	 	$	89	  	 	$	81	  	 	$	361	  	

Effective tax rate (operating income)	  	 	18.8	% 	 	 	30.7	% 	 	 	25.3	% 	 	 	18.8	% 	 	 	25.0	% 	 	 	27.8	% 	 	 	29.9	% 	 	 	25.3	% 	

(1)  	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Mortgage Insurance segment was $108 million and $223 million for the three and six months ended June 30, 2014, respectively.	
 
30

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income and Sales—International Mortgage Insurance Segment—Canada
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	128	  	 	$	130	  	 	$	258	  	 	$	137	  	 	$	138	  	 	$	141	  	 	$	144	  	 	$	560	  	
Net investment income	  	 	39	  	 	 	39	  	 	 	78	  	 	 	41	  	 	 	43	  	 	 	42	  	 	 	44	  	 	 	170	  	
Net investment gains (losses)	  	 	12	  	 	 	(3	) 	 	 	9	  	 	 	6	  	 	 	9	  	 	 	12	  	 	 	4	  	 	 	31	  	
Insurance and investment product fees and other	  	 	1	  	 	 	2	  	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	180	  	 	 	168	  	 	 	348	  	 	 	184	  	 	 	190	  	 	 	194	  	 	 	192	  	 	 	760	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	15	  	 	 	26	  	 	 	41	  	 	 	30	  	 	 	30	  	 	 	35	  	 	 	44	  	 	 	139	  	
Acquisition and operating expenses, net of deferrals	  	 	28	  	 	 	21	  	 	 	49	  	 	 	29	  	 	 	23	  	 	 	22	  	 	 	19	  	 	 	93	  	
Amortization of deferred acquisition costs and intangibles	  	 	9	  	 	 	10	  	 	 	19	  	 	 	8	  	 	 	9	  	 	 	10	  	 	 	10	  	 	 	37	  	
Interest expense	  	 	6	  	 	 	5	  	 	 	11	  	 	 	5	  	 	 	6	  	 	 	5	  	 	 	6	  	 	 	22	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	58	  	 	 	62	  	 	 	120	  	 	 	72	  	 	 	68	  	 	 	72	  	 	 	79	  	 	 	291	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	122	  	 	 	106	  	 	 	228	  	 	 	112	  	 	 	122	  	 	 	122	  	 	 	113	  	 	 	469	  	
Provision for income taxes	  	 	32	  	 	 	31	  	 	 	63	  	 	 	28	  	 	 	38	  	 	 	35	  	 	 	32	  	 	 	133	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	90	  	 	 	75	  	 	 	165	  	 	 	84	  	 	 	84	  	 	 	87	  	 	 	81	  	 	 	336	  	
Less: net income attributable to noncontrolling interests	  	 	41	  	 	 	35	  	 	 	76	  	 	 	37	  	 	 	40	  	 	 	39	  	 	 	38	  	 	 	154	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	49	  	 	 	40	  	 	 	89	  	 	 	47	  	 	 	44	  	 	 	48	  	 	 	43	  	 	 	182	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(4	) 	 	 	1	  	 	 	(3	) 	 	 	(3	) 	 	 	(3	) 	 	 	(5	) 	 	 	(1	) 	 	 	(12	) 	
(Gains) losses on early extinguishment of debt, net	  	 	2	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME  (1)  	  	$	47	  	 	$	41	  	 	$	88	  	 	$	44	  	 	$	41	  	 	$	43	  	 	$	42	  	 	$	170	  	

Effective tax rate (operating income)	  	 	26.3	% 	 	 	31.6	% 	 	 	28.8	% 	 	 	22.9	% 	 	 	35.0	% 	 	 	29.3	% 	 	 	30.2	% 	 	 	29.5	% 	
									
SALES:	  				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				
Flow	  	$	5,000	  	 	$	2,900	  	 	$	7,900	  	 	$	5,000	  	 	$	6,000	  	 	$	4,700	  	 	$	3,300	  	 	$	19,000	  	
Bulk	  	 	7,500	  	 	 	2,900	  	 	$	10,400	  	 	 	2,400	  	 	 	3,900	  	 	 	6,400	  	 	 	2,400	  	 	 	15,100	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Canada NIW (2) 	  	$	12,500	  	 	$	5,800	  	 	$	18,300	  	 	$	7,400	  	 	$	9,900	  	 	$	11,100	  	 	$	5,700	  	 	$	34,100	  	

  

(1)  	Net operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $51 million and $96 million for the three and six months ended June 30, 2014, respectively.	
(2)  	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $13,300 million and $19,700 million for the three and six months ended June 30, 2014, respectively.	
 
31

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income and Sales—International Mortgage Insurance Segment—Australia
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	102	  	 	$	97	  	 	$	199	  	 	$	98	  	 	$	98	  	 	$	101	  	 	$	101	  	 	$	398	  	
Net investment income	  	 	36	  	 	 	34	  	 	 	70	  	 	 	38	  	 	 	36	  	 	 	42	  	 	 	43	  	 	 	159	  	
Net investment gains (losses)	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	1	  	 	 	(1	) 	 	 	(2	) 	
Insurance and investment product fees and other	  	 	(4	) 	 	 	—  	  	 	 	(4	) 	 	 	1	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	134	  	 	 	131	  	 	 	265	  	 	 	137	  	 	 	131	  	 	 	144	  	 	 	143	  	 	 	555	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	24	  	 	 	17	  	 	 	41	  	 	 	21	  	 	 	29	  	 	 	36	  	 	 	48	  	 	 	134	  	
Acquisition and operating expenses, net of deferrals	  	 	23	  	 	 	19	  	 	 	42	  	 	 	34	  	 	 	25	  	 	 	27	  	 	 	24	  	 	 	110	  	
Amortization of deferred acquisition costs and intangibles	  	 	6	  	 	 	5	  	 	 	11	  	 	 	5	  	 	 	5	  	 	 	6	  	 	 	6	  	 	 	22	  	
Interest expense	  	 	2	  	 	 	3	  	 	 	5	  	 	 	2	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	11	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	55	  	 	 	44	  	 	 	99	  	 	 	62	  	 	 	62	  	 	 	72	  	 	 	81	  	 	 	277	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	79	  	 	 	87	  	 	 	166	  	 	 	75	  	 	 	69	  	 	 	72	  	 	 	62	  	 	 	278	  	
Provision for income taxes	  	 	11	  	 	 	25	  	 	 	36	  	 	 	9	  	 	 	9	  	 	 	17	  	 	 	16	  	 	 	51	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	68	  	 	 	62	  	 	 	130	  	 	 	66	  	 	 	60	  	 	 	55	  	 	 	46	  	 	 	227	  	
Less: net income attributable to noncontrolling interests	  	 	11	  	 	 	—  	  	 	 	11	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	57	  	 	 	62	  	 	 	119	  	 	 	66	  	 	 	60	  	 	 	55	  	 	 	46	  	 	 	227	  	
	 								
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 	  	$	57	  	 	$	62	  	 	$	119	  	 	$	66	  	 	$	61	  	 	$	55	  	 	$	46	  	 	$	228	  	

Effective tax rate (operating income)	  	 	10.4	% 	 	 	29.0	% 	 	 	21.2	% 	 	 	12.0	% 	 	 	13.7	% 	 	 	23.5	% 	 	 	26.7	% 	 	 	18.6	% 	
									
SALES:	  				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				
Flow	  	$	7,900	  	 	$	7,800	  	 	$	15,700	  	 	$	9,000	  	 	$	8,000	  	 	$	8,700	  	 	$	7,900	  	 	$	33,600	  	
Bulk	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	100	  	 	 	900	  	 	 	—  	  	 	 	1,000	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Australia NIW (2) 	  	$	7,900	  	 	$	7,800	  	 	$	15,700	  	 	$	9,000	  	 	$	8,100	  	 	$	9,600	  	 	$	7,900	  	 	$	34,600	  	

  

(1)  	Net operating income for the Australian platform adjusted for foreign exchange as compared to the prior year period was $63 million and $137 million for the three and six months ended June 30, 2014, respectively.	
(2)  	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $8,700 million and $17,800 million for the three and six months ended June 30, 2014, respectively.	
 
32

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Loss and Sales—International Mortgage Insurance Segment—Other Countries
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	7	  	 	$	8	  	 	$	15	  	 	$	13	  	 	$	7	  	 	$	9	  	 	$	9	  	 	$	38	  	
Net investment income	  	 	—  	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	4	  	
Net investment gains (losses)	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	
Insurance and investment product fees and other	  	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	6	  	 	 	9	  	 	 	15	  	 	 	17	  	 	 	8	  	 	 	11	  	 	 	10	  	 	 	46	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	6	  	 	 	4	  	 	 	10	  	 	 	13	  	 	 	14	  	 	 	9	  	 	 	8	  	 	 	44	  	
Acquisition and operating expenses, net of deferrals	  	 	8	  	 	 	9	  	 	 	17	  	 	 	9	  	 	 	8	  	 	 	12	  	 	 	9	  	 	 	38	  	
Amortization of deferred acquisition costs and intangibles	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	(1	) 	 	 	1	  	 	 	—  	  	 	 	1	  	
Interest expense	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	14	  	 	 	13	  	 	 	27	  	 	 	23	  	 	 	21	  	 	 	22	  	 	 	17	  	 	 	83	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(8	) 	 	 	(4	) 	 	 	(12	) 	 	 	(6	) 	 	 	(13	) 	 	 	(11	) 	 	 	(7	) 	 	 	(37	) 	
Provision (benefit) for income taxes	  	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	2	  	 	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS	  	 	(7	) 	 	 	(4	) 	 	 	(11	) 	 	 	(8	) 	 	 	(12	) 	 	 	(10	) 	 	 	(7	) 	 	 	(37	) 	
Less: net income attributable to noncontrolling interests	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	(7	) 	 	 	(4	) 	 	 	(11	) 	 	 	(8	) 	 	 	(12	) 	 	 	(10	) 	 	 	(7	) 	 	 	(37	) 	
	 								
ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING LOSS (1) 	  	$	(7	) 	 	$	(4	) 	 	$	(11	) 	 	$	(9	) 	 	$	(12	) 	 	$	(9	) 	 	$	(7	) 	 	$	(37	) 	

Effective tax rate (operating loss)	  	 	11.3	% 	 	 	10.3	% 	 	 	11.0	% 	 	 	-15.3	% 	 	 	11.2	% 	 	 	5.7	% 	 	 	4.9	% 	 	 	3.1	% 	
									
SALES:	  				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				
Flow	  	$	500	  	 	$	400	  	 	$	900	  	 	$	500	  	 	$	500	  	 	$	400	  	 	$	400	  	 	$	1,800	  	
Bulk	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	600	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	600	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Other Countries NIW  (2)  	  	$	500	  	 	$	400	  	 	$	900	  	 	$	1,100	  	 	$	500	  	 	$	400	  	 	$	400	  	 	$	2,400	  	

  

(1)  	Net operating loss for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $(6) million and $(10) million for the three and six months ended June 30, 2014, respectively.	
(2)  	New insurance written for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $500 million and $900 million for the three and six months ended June 30, 2014, respectively.	
 
33

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Key Performance Measures—International Mortgage Insurance Segment
(amounts in millions)

 	  	2014	 	  	2013	 	
 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  			 	  				  				  				 				 				 				 				
Canada	  	$	146	  	  	$	77	  	  	$	223	  	  	$	125	  	 	$	156	  	 	$	134	  	 	$	84	  	 	$	499	  	
Australia	  	 	125	  	  	 	126	  	  	 	251	  	  	 	147	  	 	 	123	  	 	 	132	  	 	 	117	  	 	 	519	  	
Other Countries (1)	  	 	1	  	  	 	6	  	  	 	7	  	  	 	6	  	 	 	6	  	 	 	7	  	 	 	5	  	 	 	24	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Net Premiums Written	  	$	272	  	  	$	209	  	  	$	481	  	  	$	278	  	 	$	285	  	 	$	273	  	 	$	206	  	 	$	1,042	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (2) 	  			 	  				  				  				 				 				 				 				
Canada	  	 	12	% 	  	 	20	% 	  	 	16	% 	  	 	22	% 	 	 	22	% 	 	 	25	% 	 	 	31	% 	 	 	25	% 	
Australia	  	 	23	% 	  	 	17	% 	  	 	20	% 	  	 	21	% 	 	 	31	% 	 	 	35	% 	 	 	47	% 	 	 	34	% 	
Other Countries	  	 	90	% 	  	 	55	% 	  	 	71	% 	  	 	102	% 	 	 	170	% 	 	 	110	% 	 	 	90	% 	 	 	115	% 	
Total Loss Ratio	  	 	19	% 	  	 	20	% 	  	 	20	% 	  	 	25	% 	 	 	31	% 	 	 	32	% 	 	 	39	% 	 	 	32	% 	
	 								
GAAP Basis Expense Ratio (3) 	  			 	  				  				  				 				 				 				 				
Canada (4)	  	 	29	% 	  	 	23	% 	  	 	26	% 	  	 	27	% 	 	 	23	% 	 	 	22	% 	 	 	20	% 	 	 	23	% 	
Australia	  	 	28	% 	  	 	25	% 	  	 	27	% 	  	 	39	% 	 	 	30	% 	 	 	32	% 	 	 	31	% 	 	 	33	% 	
Other Countries (1)	  	 	131	% 	  	 	107	% 	  	 	119	% 	  	 	69	% 	 	 	106	% 	 	 	129	% 	 	 	113	% 	 	 	101	% 	
Total GAAP Basis Expense Ratio	  	 	32	% 	  	 	27	% 	  	 	29	% 	  	 	34	% 	 	 	29	% 	 	 	30	% 	 	 	27	% 	 	 	30	% 	
	 								
Adjusted Expense Ratio (5) 	  			 	  				  				  				 				 				 				 				
Canada (6)	  	 	26	% 	  	 	39	% 	  	 	30	% 	  	 	30	% 	 	 	20	% 	 	 	23	% 	 	 	35	% 	 	 	26	% 	
Australia	  	 	23	% 	  	 	20	% 	  	 	21	% 	  	 	26	% 	 	 	24	% 	 	 	25	% 	 	 	27	% 	 	 	25	% 	
Other Countries (1)	  	 	NM	(7)  	  	 	142	% 	  	 	NM	(7)  	  	 	146	% 	 	 	136	% 	 	 	177	% 	 	 	174	% 	 	 	158	% 	
Total Adjusted Expense Ratio	  	 	28	% 	  	 	30	% 	  	 	29	% 	  	 	31	% 	 	 	24	% 	 	 	28	% 	 	 	34	% 	 	 	29	% 	
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)  	Includes the impact of settlements and cancelled insurance contracts, primarily with lenders in Europe. Primary flow risk in-force excludes $298 million, $282 million, $316 million, $285 million, $250 million and $225 million of risk in-force in Europe ceded under quota share reinsurance agreements as of June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013, June 30, 2013 and March 31, 2013, respectively.	
(2)  	The ratio of incurred losses and loss adjustment expense to net earned premiums. In determining the pricing of the mortgage insurance products, the company develops a pricing loss ratio which uses industry and company loss experience over a number of years, which incorporate both favorable and unfavorable economic environments, differing coverage levels and varying capital requirements. Actual results may vary from pricing loss ratios for a number of reasons, which include differing economic conditions and actual individual product and lender performance.	
(3)  	The ratio of an insurer’s general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.	
(4)  	Excluding the impact of debt early redemption payment of $6 million in the second quarter of 2014, the adjusted GAAP basis expense ratio was 24% for the three and six months ended June 30, 2014.	
(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)  	Excluding the impact of debt early redemption payment of $6 million in the second quarter of 2014, the adjusted expense ratio was 21% and 27% for the three and six months ended June 30, 2014, respectively.	
(7)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
34

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Key Performance Measures—International Mortgage Insurance Segment
(amounts in millions)

 	  	2014	 	  	2013	 	
 	  	2Q	 	  	1Q	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	
Primary Insurance In-Force	  			 	  				  				  				  				  				
Canada (1)	  	$	314,500	  	  	$	291,900	  	  	$	298,000	  	  	$	300,700	  	  	$	285,200	  	  	$	284,700	  	
Australia	  	 	288,500	  	  	 	281,000	  	  	 	267,900	  	  	 	275,500	  	  	 	266,500	  	  	 	299,000	  	
Other Countries	  	 	26,000	  	  	 	26,200	  	  	 	26,300	  	  	 	32,500	  	  	 	31,300	  	  	 	31,400	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Primary Insurance In-Force	  	$	629,000	  	  	$	599,100	  	  	$	592,200	  	  	$	608,700	  	  	$	583,000	  	  	$	615,100	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Primary Risk In-Force  (2) 	  			 	  				  				  				  				  				
Canada	  			 	  				  				  				  				  				
Flow	  	$	84,500	  	  	$	80,100	  	  	$	82,300	  	  	$	83,400	  	  	$	79,700	  	  	$	80,900	  	
Bulk	  	 	25,600	  	  	 	22,100	  	  	 	22,000	  	  	 	21,900	  	  	 	20,100	  	  	 	18,800	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Canada	  	 	110,100	  	  	 	102,200	  	  	 	104,300	  	  	 	105,300	  	  	 	99,800	  	  	 	99,700	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia	  			 	  				  				  				  				  				
Flow	  	 	93,800	  	  	 	91,100	  	  	 	86,700	  	  	 	88,800	  	  	 	85,700	  	  	 	96,100	  	
Bulk	  	 	7,200	  	  	 	7,200	  	  	 	7,100	  	  	 	7,600	  	  	 	7,600	  	  	 	8,500	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Australia	  	 	101,000	  	  	 	98,300	  	  	 	93,800	  	  	 	96,400	  	  	 	93,300	  	  	 	104,600	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Other Countries	  			 	  				  				  				  				  				
Flow (3)	  	 	3,200	  	  	 	3,300	  	  	 	3,200	  	  	 	4,000	  	  	 	3,900	  	  	 	3,900	  	
Bulk	  	 	400	  	  	 	400	  	  	 	400	  	  	 	300	  	  	 	300	  	  	 	300	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Other Countries	  	 	3,600	  	  	 	3,700	  	  	 	3,600	  	  	 	4,300	  	  	 	4,200	  	  	 	4,200	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Primary Risk In-Force	  	$	214,700	  	  	$	204,200	  	  	$	201,700	  	  	$	206,000	  	  	$	197,300	  	  	$	208,500	  	

 

(1)  	As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company surveyed its largest customers and obtained updated outstanding balances in Canada. As a result, the company estimates that the outstanding balance of insured mortgages was approximately $141.0 billion as of March 31, 2014, $152.0 billion as of December 31, 2013, $155.0 billion as of September 30, 2013 and $150.0 billion as of June 30, 2013 and March 31, 2013. This is based on the extrapolation of the amounts reported by lenders surveyed to the entire insured population.	
(2)  	The businesses in Australia and Canada currently provide 100% coverage on the majority of the loans the company insures in those markets. For the purpose of representing the risk in-force, 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 that represents the highest expected average per-claim payment for any one underwriting year over the life of the businesses in Australia and Canada. This factor was 35% for all periods presented.	
(3)  	Includes the impact of settlements and cancelled insurance contracts, primarily with lenders in Europe. Primary flow risk in-force excludes $298 million, $282 million, $316 million, $285 million, $250 million and $225 million of risk in-force in Europe ceded under quota share reinsurance agreements as of June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013, June 30, 2013 and March 31, 2013, respectively.	
 
35

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Key Performance Measures—International Mortgage Insurance Segment—Canada
(dollar amounts in millions)

							
Primary Insurance	  	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	September 30, 2013	 	 	June 30, 2013	 	 	 	 	
Insured loans in-force (1)	  	 	1,602,928	  	 	 	1,549,650	  	 	 	1,527,554	  	 	 	1,501,139	  	 	 	1,464,060	  	 				
Insured delinquent loans	  	 	1,703	  	 	 	1,860	  	 	 	1,830	  	 	 	1,778	  	 	 	1,778	  	 				
Insured delinquency rate (2)	  	 	0.11	% 	 	 	0.12	% 	 	 	0.12	% 	 	 	0.12	% 	 	 	0.12	% 	 				
							
Flow loans in-force (1)	  	 	1,213,846	  	 	 	1,197,083	  	 	 	1,187,753	  	 	 	1,171,486	  	 	 	1,151,957	  	 				
Flow delinquent loans	  	 	1,493	  	 	 	1,634	  	 	 	1,591	  	 	 	1,566	  	 	 	1,562	  	 				
Flow delinquency rate (2)	  	 	0.12	% 	 	 	0.14	% 	 	 	0.13	% 	 	 	0.13	% 	 	 	0.14	% 	 				
							
Bulk loans in-force (1)	  	 	389,082	  	 	 	352,567	  	 	 	339,801	  	 	 	329,653	  	 	 	312,103	  	 				
Bulk delinquent loans	  	 	210	  	 	 	226	  	 	 	239	  	 	 	212	  	 	 	216	  	 				
Bulk delinquency rate (2)	  	 	0.05	% 	 	 	0.06	% 	 	 	0.07	% 	 	 	0.06	% 	 	 	0.07	% 	 				
							
Loss Metrics	  	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	September 30, 2013	 	 	June 30, 2013	 	 	 	 	
							
Beginning Reserves	  	$	97	  	 	$	102	  	 	$	108	  	 	$	112	  	 	$	118	  	 				
Paid claims (3)	  	 	(26	) 	 	 	(27	) 	 	 	(33	) 	 	 	(33	) 	 	 	(39	) 	 				
Increase in reserves	  	 	16	  	 	 	26	  	 	 	30	  	 	 	27	  	 	 	36	  	 				
Impact of changes in foreign exchange rates	  	 	3	  	 	 	(4	) 	 	 	(3	) 	 	 	2	  	 	 	(3	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	90	  	 	$	97	  	 	$	102	  	 	$	108	  	 	$	112	  	 				

 	  	June 30, 2014	 	 	March 31, 2014	 	 	June 30, 2013	 	
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	% 	 	 	0.06	% 	 	 	47	% 	 	 	0.07	% 	 	 	47	% 	 	 	0.07%	  	
British Columbia	  	 	15	  	 	 	0.14	% 	 	 	15	  	 	 	0.17	% 	 	 	15	  	 	 	0.18%	  	
Alberta	  	 	16	  	 	 	0.10	% 	 	 	16	  	 	 	0.12	% 	 	 	16	  	 	 	0.15%	  	
Quebec	  	 	14	  	 	 	0.18	% 	 	 	14	  	 	 	0.19	% 	 	 	14	  	 	 	0.17%	  	
Nova Scotia	  	 	2	  	 	 	0.23	% 	 	 	2	  	 	 	0.24	% 	 	 	2	  	 	 	0.20%	  	
Saskatchewan	  	 	2	  	 	 	0.11	% 	 	 	2	  	 	 	0.11	% 	 	 	2	  	 	 	0.14%	  	
Manitoba	  	 	2	  	 	 	0.06	% 	 	 	2	  	 	 	0.08	% 	 	 	2	  	 	 	0.09%	  	
New Brunswick	  	 	1	  	 	 	0.21	% 	 	 	1	  	 	 	0.24	% 	 	 	1	  	 	 	0.20%	  	
All Other	  	 	1	  	 	 	0.12	% 	 	 	1	  	 	 	0.11	% 	 	 	1	  	 	 	0.10%	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.11	% 	 	 	100	% 	 	 	0.12	% 	 	 	100	% 	 	 	0.12%	  	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2006 and prior	  	 	33	% 	 	 	0.03	% 	 	 	34	% 	 	 	0.04	% 	 	 	37	% 	 	 	0.05%	  	
2007	  	 	9	  	 	 	0.18	% 	 	 	10	  	 	 	0.21	% 	 	 	10	  	 	 	0.26%	  	
2008	  	 	8	  	 	 	0.22	% 	 	 	8	  	 	 	0.25	% 	 	 	9	  	 	 	0.28%	  	
2009	  	 	5	  	 	 	0.22	% 	 	 	5	  	 	 	0.25	% 	 	 	6	  	 	 	0.23%	  	
2010	  	 	8	  	 	 	0.26	% 	 	 	9	  	 	 	0.26	% 	 	 	9	  	 	 	0.26%	  	
2011	  	 	8	  	 	 	0.25	% 	 	 	8	  	 	 	0.27	% 	 	 	9	  	 	 	0.23%	  	
2012	  	 	12	  	 	 	0.14	% 	 	 	12	  	 	 	0.14	% 	 	 	14	  	 	 	0.06%	  	
2013	  	 	11	  	 	 	0.05	% 	 	 	12	  	 	 	0.04	% 	 	 	6	  	 	 	—  %	  	
2014	  	 	6	  	 	 	—  	% 	 	 	2	  	 	 	—  	% 	 	 	—  	  	 	 	—  %	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.11	% 	 	 	100	% 	 	 	0.12	% 	 	 	100	% 	 	 	0.12%	  	

(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)  	Delinquent rates are based on insured loans in-force.	
(3)  	Paid claims exclude adjustments for expected recoveries related to loss reserves.	
 
36

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Key Performance Measures—International Mortgage Insurance Segment—Canada
(Canadian dollar amounts in millions)

 	  	2014	 	  	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims  (1) 	  			 	  				 				  				 				 				 				 				
Flow	  	$	28	  	  	$	28	  	 	$	56	  	  	$	32	  	 	$	32	  	 	$	39	  	 	$	51	  	 	$	154	  	
Bulk	  	 	—  	  	  	 	1	  	 	 	1	  	  	 	2	  	 	 	2	  	 	 	1	  	 	 	2	  	 	 	7	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	28	  	  	$	29	  	 	$	57	  	  	$	34	  	 	$	34	  	 	$	40	  	 	$	53	  	 	$	161	  	

Average Paid Claim (in thousands)	  	$	63.4	  	  	$	66.4	  	 				  	$	72.2	  	 	$	69.4	  	 	$	73.1	  	 	$	84.9	  	 				
	 								
Average Reserve Per Delinquency (in thousands)	  	$	56.4	  	  	$	57.5	  	 				  	$	59.0	  	 	$	62.5	  	 	$	66.1	  	 	$	61.3	  	 				
	 								
Loss Metrics	  			 	  				 				  				 				 				 				 				
	 								
Beginning Reserves	  	$	107	  	  	$	108	  	 				  	$	111	  	 	$	118	  	 	$	120	  	 	$	129	  	 				
Paid claims	  	 	(28	) 	  	 	(29	) 	 				  	 	(34	) 	 	 	(34	) 	 	 	(40	) 	 	 	(53	) 	 				
Increase in reserves	  	 	17	  	  	 	28	  	 				  	 	31	  	 	 	27	  	 	 	38	  	 	 	44	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	96	  	  	$	107	  	 				  	$	108	  	 	$	111	  	 	$	118	  	 	$	120	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount	  			 	  				 				  				 				 				 				 				
Over $550K	  	 	5	% 	  	 	5	% 	 				  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 				
$400K to $550K	  	 	11	  	  	 	11	  	 				  	 	10	  	 	 	10	  	 	 	10	  	 	 	10	  	 				
$250K to $400K	  	 	32	  	  	 	32	  	 				  	 	32	  	 	 	32	  	 	 	32	  	 	 	31	  	 				
$100K to $250K	  	 	47	  	  	 	47	  	 				  	 	48	  	 	 	48	  	 	 	48	  	 	 	49	  	 				
$100K or Less	  	 	5	  	  	 	5	  	 				  	 	5	  	 	 	5	  	 	 	5	  	 	 	5	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Average Primary Loan Size (in thousands)	  	$	209	  	  	$	208	  	 				  	$	207	  	 	$	206	  	 	$	205	  	 	$	203	  	 				
									
Average Effective Loan-To-Value Ratios By Policy Year  (2)  	  				  				 				  				 				 				 				 				
									
2006 and prior	  	 	39	% 	  	 	39	% 	 				  	 	39	% 	 	 	36	% 	 	 	38	% 	 	 	39	% 	 				
2007	  	 	64	% 	  	 	65	% 	 				  	 	65	% 	 	 	64	% 	 	 	66	% 	 	 	68	% 	 				
2008	  	 	71	% 	  	 	71	% 	 				  	 	72	% 	 	 	69	% 	 	 	71	% 	 	 	72	% 	 				
2009	  	 	70	% 	  	 	70	% 	 				  	 	70	% 	 	 	71	% 	 	 	73	% 	 	 	74	% 	 				
2010	  	 	77	% 	  	 	77	% 	 				  	 	77	% 	 	 	77	% 	 	 	80	% 	 	 	81	% 	 				
2011	  	 	81	% 	  	 	81	% 	 				  	 	82	% 	 	 	83	% 	 	 	86	% 	 	 	87	% 	 				
2012	  	 	86	% 	  	 	87	% 	 				  	 	87	% 	 	 	87	% 	 	 	90	% 	 	 	91	% 	 				
2013	  	 	91	% 	  	 	91	% 	 				  	 	92	% 	 	 	91	% 	 	 	92	% 	 	 	—  	% 	 				
2014	  	 	93	% 	  	 	—  	% 	 				  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 				
Total Flow	  	 	57	% 	  	 	57	% 	 				  	 	57	% 	 	 	55	% 	 	 	56	% 	 	 	56	% 	 				
									
Total Bulk	  	 	41	% 	  	 	41	% 	 				  	 	41	% 	 	 	34	% 	 	 	31	% 	 	 	31	% 	 				
									
Total	  	 	54	% 	  	 	54	% 	 				  	 	53	% 	 	 	51	% 	 	 	50	% 	 	 	50	% 	 				
All amounts presented in Canadian dollars.

(1)  	Paid claims exclude adjustments for expected recoveries related to loss reserves.	
(2)  	Loan amounts (including capitalized premiums) reflect interest rates at time of loan origination and estimated scheduled principal repayments since loan origination. Home price estimates based on regional home price appreciation/depreciation data from the Canadian Real Estate Association. All data used in the effective loan-to-value ratio calculation reflects conditions as of the end of the previous quarter.	
 
37

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Key Performance Measures—International Mortgage Insurance Segment—Australia
(dollar amounts in millions)

Primary Insurance	  	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	September 30, 2013	 	 	June 30, 2013	 	 	 	 	
Insured loans in-force	  	 	1,481,201	  	 	 	1,477,063	  	 	 	1,474,181	  	 	 	1,463,148	  	 	 	1,459,376	  	 				
Insured delinquent loans	  	 	5,405	  	 	 	5,070	  	 	 	4,980	  	 	 	5,454	  	 	 	5,820	  	 				
Insured delinquency rate	  	 	0.36	% 	 	 	0.34	% 	 	 	0.34	% 	 	 	0.37	% 	 	 	0.40	% 	 				
							
Flow loans in-force	  	 	1,362,236	  	 	 	1,355,635	  	 	 	1,350,571	  	 	 	1,336,901	  	 	 	1,330,157	  	 				
Flow delinquent loans	  	 	5,125	  	 	 	4,813	  	 	 	4,760	  	 	 	5,192	  	 	 	5,513	  	 				
Flow delinquency rate	  	 	0.38	% 	 	 	0.36	% 	 	 	0.35	% 	 	 	0.39	% 	 	 	0.41	% 	 				
							
Bulk loans in-force	  	 	118,965	  	 	 	121,428	  	 	 	123,610	  	 	 	126,247	  	 	 	129,219	  	 				
Bulk delinquent loans	  	 	280	  	 	 	257	  	 	 	220	  	 	 	262	  	 	 	307	  	 				
Bulk delinquency rate	  	 	0.24	% 	 	 	0.21	% 	 	 	0.18	% 	 	 	0.21	% 	 	 	0.24	% 	 				
							
Loss Metrics	  	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	September 30, 2013	 	 	June 30, 2013	 	 	 	 	
							
Beginning Reserves	  	$	168	  	 	$	172	  	 	$	198	  	 	$	200	  	 	$	238	  	 				
Paid claims	  	 	(24	) 	 	 	(27	) 	 	 	(39	) 	 	 	(37	) 	 	 	(45	) 	 				
Increase in reserves	  	 	24	  	 	 	17	  	 	 	20	  	 	 	30	  	 	 	35	  	 				
Impact of changes in foreign exchange rates	  	 	3	  	 	 	6	  	 	 	(7	) 	 	 	5	  	 	 	(28	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	171	  	 	$	168	  	 	$	172	  	 	$	198	  	 	$	200	  	 				

 	  	June 30, 2014	 	 	March 31, 2014	 	 	June 30, 2013	 	
State and Territory	  	% of Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency Rate	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency  Rate	 	
New South Wales	  	 	29	% 	 	 	0.33	% 	 	 	29	% 	 	 	0.31	% 	 	 	30	% 	 	 	0.38%	  	
Victoria	  	 	23	  	 	 	0.34	% 	 	 	23	  	 	 	0.31	% 	 	 	23	  	 	 	0.33%	  	
Queensland	  	 	23	  	 	 	0.48	% 	 	 	23	  	 	 	0.45	% 	 	 	22	  	 	 	0.54%	  	
Western Australia	  	 	11	  	 	 	0.34	% 	 	 	11	  	 	 	0.33	% 	 	 	11	  	 	 	0.36%	  	
South Australia	  	 	6	  	 	 	0.43	% 	 	 	6	  	 	 	0.42	% 	 	 	6	  	 	 	0.45%	  	
New Zealand	  	 	2	  	 	 	0.34	% 	 	 	2	  	 	 	0.34	% 	 	 	2	  	 	 	0.54%	  	
Australian Capital Territory	  	 	3	  	 	 	0.13	% 	 	 	3	  	 	 	0.11	% 	 	 	3	  	 	 	0.10%	  	
Tasmania	  	 	2	  	 	 	0.30	% 	 	 	2	  	 	 	0.29	% 	 	 	2	  	 	 	0.35%	  	
Northern Territory	  	 	1	  	 	 	0.20	% 	 	 	1	  	 	 	0.20	% 	 	 	1	  	 	 	0.16%	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.36	% 	 	 	100	% 	 	 	0.34	% 	 	 	100	% 	 	 	0.40%	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
By Policy Year	  				 				 				 				 				 				
2006 and prior	  	 	33	% 	 	 	0.23	% 	 	 	34	% 	 	 	0.22	% 	 	 	36	% 	 	 	0.26%	  	
2007	  	 	8	  	 	 	0.72	% 	 	 	9	  	 	 	0.69	% 	 	 	10	  	 	 	0.82%	  	
2008	  	 	8	  	 	 	0.95	% 	 	 	8	  	 	 	0.89	% 	 	 	9	  	 	 	0.98%	  	
2009	  	 	9	  	 	 	0.66	% 	 	 	10	  	 	 	0.64	% 	 	 	11	  	 	 	0.73%	  	
2010	  	 	7	  	 	 	0.40	% 	 	 	7	  	 	 	0.36	% 	 	 	8	  	 	 	0.33%	  	
2011	  	 	8	  	 	 	0.39	% 	 	 	8	  	 	 	0.34	% 	 	 	9	  	 	 	0.27%	  	
2012	  	 	10	  	 	 	0.29	% 	 	 	10	  	 	 	0.22	% 	 	 	11	  	 	 	0.10%	  	
2013	  	 	11	  	 	 	0.10	% 	 	 	11	  	 	 	0.05	% 	 	 	6	  	 	 	0.01%	  	
2014	  	 	6	  	 	 	—  	% 	 	 	3	  	 	 	—  	% 	 	 	—  	  	 	 	—  %	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.36	% 	 	 	100	% 	 	 	0.34	% 	 	 	100	% 	 	 	0.40%	  	

38

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Key Performance Measures—International Mortgage Insurance Segment—Australia
(Australian dollar amounts in millions)

 	  	2014	 	  	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				 				  				 				 				 				 				
Flow	  	$	25	  	  	$	30	  	 	$	55	  	  	$	41	  	 	$	39	  	 	$	44	  	 	$	59	  	 	$	183	  	
Bulk	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	2	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	25	  	  	$	30	  	 	$	55	  	  	$	41	  	 	$	41	  	 	$	44	  	 	$	59	  	 	$	185	  	

Average Paid Claim (in thousands)	  	$	60.5	  	  	$	65.1	  	 				  	$	71.5	  	 	$	79.9	  	 	$	80.3	  	 	$	81.4	  	 				
	 								
Average Reserve Per Delinquency (in thousands)	  	$	33.6	  	  	$	35.7	  	 				  	$	38.6	  	 	$	38.8	  	 	$	37.7	  	 	$	38.9	  	 				
	 								
Loss Metrics	  			 	  				 				  				 				 				 				 				
Beginning Reserves	  	$	181	  	  	$	192	  	 				  	$	212	  	 	$	220	  	 	$	228	  	 	$	241	  	 				
Paid claims	  	 	(25	) 	  	 	(30	) 	 				  	 	(41	) 	 	 	(41	) 	 	 	(44	) 	 	 	(59	) 	 				
Increase in reserves	  	 	25	  	  	 	19	  	 				  	 	21	  	 	 	33	  	 	 	36	  	 	 	46	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	181	  	  	$	181	  	 				  	$	192	  	 	$	212	  	 	$	220	  	 	$	228	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount	  			 	  				 				  				 				 				 				 				
	 								
Over $550K	  	 	12	% 	  	 	12	% 	 				  	 	12	% 	 	 	12	% 	 	 	12	% 	 	 	12	% 	 				
$400K to $550K	  	 	18	  	  	 	18	  	 				  	 	17	  	 	 	17	  	 	 	17	  	 	 	16	  	 				
$250K to $400K	  	 	37	  	  	 	37	  	 				  	 	37	  	 	 	37	  	 	 	37	  	 	 	37	  	 				
$100K to $250K	  	 	27	  	  	 	27	  	 				  	 	28	  	 	 	28	  	 	 	28	  	 	 	29	  	 				
$100K or Less	  	 	6	  	  	 	6	  	 				  	 	6	  	 	 	6	  	 	 	6	  	 	 	6	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	207	  	  	$	205	  	 				  	$	203	  	 	$	202	  	 	$	200	  	 	$	198	  	 				
Average Effective Loan-To-Value Ratios By Policy Year  (1), (2)  	  				  				 				  				 				 				 				 				
									
2006 and prior	  	 	38	% 	  	 	40	% 	 				  	 	41	% 	 	 	43	% 	 	 	47	% 	 	 	48	% 	 				
2007	  	 	61	% 	  	 	63	% 	 				  	 	64	% 	 	 	66	% 	 	 	67	% 	 	 	68	% 	 				
2008	  	 	68	% 	  	 	70	% 	 				  	 	72	% 	 	 	74	% 	 	 	74	% 	 	 	76	% 	 				
2009	  	 	70	% 	  	 	73	% 	 				  	 	75	% 	 	 	77	% 	 	 	77	% 	 	 	79	% 	 				
2010	  	 	76	% 	  	 	78	% 	 				  	 	80	% 	 	 	83	% 	 	 	83	% 	 	 	85	% 	 				
2011	  	 	77	% 	  	 	80	% 	 				  	 	82	% 	 	 	85	% 	 	 	85	% 	 	 	87	% 	 				
2012	  	 	78	% 	  	 	80	% 	 				  	 	82	% 	 	 	85	% 	 	 	85	% 	 	 	86	% 	 				
2013	  	 	82	% 	  	 	84	% 	 				  	 	85	% 	 	 	87	% 	 	 	87	% 	 	 	—  	% 	 				
2014	  	 	87	% 	  	 	—  	% 	 				  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 				
Total Flow	  	 	61	% 	  	 	62	% 	 				  	 	64	% 	 	 	65	% 	 	 	68	% 	 	 	69	% 	 				
									
Total Bulk	  	 	29	% 	  	 	30	% 	 				  	 	31	% 	 	 	32	% 	 	 	37	% 	 	 	38	% 	 				
Total	  	 	58	% 	  	 	59	% 	 				  	 	60	% 	 	 	61	% 	 	 	65	% 	 	 	66	% 	 				
All amounts presented in Australian dollars.

(1)  	Loan amounts (including capitalized premiums) reflect interest rates at time of loan origination and estimated scheduled principal repayments since loan origination. Home price estimates based on regional home price appreciation/depreciation data from RP Data. All data used in the effective loan-to-value ratio calculation reflects conditions as of the end of the previous quarter. Effective loan-to-value ratios exclude New Zealand and inward reinsurance policies.	
(2)  	Beginning in the third quarter of 2013, data from RP Data extended back to 1999. Previously, the data extended back to 2002. Previous periods were not re-presented for this change.	
 
39

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Key Performance Measures—International Mortgage Insurance Segment
(amounts in millions)

Risk In-Force by Loan-To-Value Ratio (1) 	  	June 30, 2014	 	  	March 31, 2014	 	
 	  	Primary	 	  	Flow	 	  	Bulk	 	  	Primary	 	  	Flow	 	  	Bulk	 	
Canada	  				  				  				  				  				  				
95.01% and above	  	$	38,802	  	  	$	38,802	  	  	$	—  	  	  	$	36,468	  	  	$	36,468	  	  	$	—  	  	
90.01% to 95.00%	  	 	26,086	  	  	 	26,084	  	  	 	2	  	  	 	24,835	  	  	 	24,833	  	  	 	2	  	
80.01% to 90.00%	  	 	20,188	  	  	 	16,450	  	  	 	3,738	  	  	 	18,985	  	  	 	15,739	  	  	 	3,246	  	
80.00% and below	  	 	25,013	  	  	 	3,188	  	  	 	21,825	  	  	 	21,888	  	  	 	3,032	  	  	 	18,856	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Canada	  	$	110,089	  	  	$	84,524	  	  	$	25,565	  	  	$	102,176	  	  	$	80,072	  	  	$	22,104	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia	  				  				  				  				  				  				
95.01% and above	  	$	19,438	  	  	$	19,437	  	  	$	1	  	  	$	18,860	  	  	$	18,860	  	  	$	—  	  	
90.01% to 95.00%	  	 	24,467	  	  	 	24,459	  	  	 	8	  	  	 	23,525	  	  	 	23,517	  	  	 	8	  	
80.01% to 90.00%	  	 	26,248	  	  	 	26,157	  	  	 	91	  	  	 	25,478	  	  	 	25,386	  	  	 	92	  	
80.00% and below	  	 	30,816	  	  	 	23,756	  	  	 	7,060	  	  	 	30,489	  	  	 	23,375	  	  	 	7,114	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Australia	  	$	100,969	  	  	$	93,809	  	  	$	7,160	  	  	$	98,352	  	  	$	91,138	  	  	$	7,214	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Other Countries (2)	  				  				  				  				  				  				
95.01% and above	  	$	618	  	  	$	618	  	  	$	—  	  	  	$	629	  	  	$	629	  	  	$	—  	  	
90.01% to 95.00%	  	 	1,757	  	  	 	1,695	  	  	 	62	  	  	 	1,766	  	  	 	1,701	  	  	 	64	  	
80.01% to 90.00%	  	 	1,028	  	  	 	757	  	  	 	271	  	  	 	1,052	  	  	 	772	  	  	 	280	  	
80.00% and below	  	 	222	  	  	 	181	  	  	 	41	  	  	 	223	  	  	 	181	  	  	 	42	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Other Countries	  	$	3,625	  	  	$	3,251	  	  	$	374	  	  	$	3,670	  	  	$	3,283	  	  	$	386	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Amounts may not total due to rounding.

(1)  	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
(2)  	Other Countries flow and primary risk in-force exclude $298 million and $282 million, respectively, of risk in-force in Europe ceded under quota share reinsurance agreements as of June 30, 2014 and March 31, 2014.	
 
40

Table of Contents
 
U.S. Mortgage Insurance Segment
 
41

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	144	  	 	$	137	  	 	$	281	  	 	$	142	  	 	$	137	  	 	$	141	  	 	$	134	  	 	$	554	  	
Net investment income	  	 	11	  	 	 	18	  	 	 	29	  	 	 	13	  	 	 	18	  	 	 	10	  	 	 	19	  	 	 	60	  	
Net investment gains (losses)	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Insurance and investment product fees and other	  	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	156	  	 	 	155	  	 	 	311	  	 	 	155	  	 	 	156	  	 	 	151	  	 	 	154	  	 	 	616	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	62	  	 	 	63	  	 	 	125	  	 	 	108	  	 	 	123	  	 	 	97	  	 	 	84	  	 	 	412	  	
Acquisition and operating expenses, net of deferrals	  	 	34	  	 	 	33	  	 	 	67	  	 	 	35	  	 	 	35	  	 	 	35	  	 	 	39	  	 	 	144	  	
Amortization of deferred acquisition costs and intangibles	  	 	2	  	 	 	2	  	 	 	4	  	 	 	1	  	 	 	2	  	 	 	2	  	 	 	1	  	 	 	6	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	98	  	 	 	98	  	 	 	196	  	 	 	144	  	 	 	160	  	 	 	134	  	 	 	124	  	 	 	562	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	58	  	 	 	57	  	 	 	115	  	 	 	11	  	 	 	(4	) 	 	 	17	  	 	 	30	  	 	 	54	  	
Provision (benefit) for income taxes	  	 	19	  	 	 	24	  	 	 	43	  	 	 	5	  	 	 	(1	) 	 	 	4	  	 	 	9	  	 	 	17	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	39	  	 	 	33	  	 	 	72	  	 	 	6	  	 	 	(3	) 	 	 	13	  	 	 	21	  	 	 	37	  	
	 								
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	39	  	 	$	33	  	 	$	72	  	 	$	6	  	 	$	(3	) 	 	$	13	  	 	$	21	  	 	$	37	  	

Effective tax rate (operating income (loss))	  	 	32.4	% 	 	 	42.0	% 	 	 	37.2	% 	 	 	45.0	% 	 	 	14.0	% 	 	 	22.9	% 	 	 	30.1	% 	 	 	31.6	% 	
									
SALES:	  				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				
Flow	  	$	6,100	  	 	$	3,900	  	 	$	10,000	  	 	$	4,900	  	 	$	6,400	  	 	$	6,300	  	 	$	4,700	  	 	$	22,300	  	
Bulk	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Mortgage Insurance NIW	  	$	6,100	  	 	$	3,900	  	 	$	10,000	  	 	$	4,900	  	 	$	6,400	  	 	$	6,300	  	 	$	4,700	  	 	$	22,300	  	

 
42

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Flow New Insurance Written Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
 	  	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	
Product	  				  			 	 				  				 				  				 				  				 				  				 				  				
Monthly (1)	  	$	5,300	  	  	 	59	  	 	$	3,400	  	  	 	58	  	 	$	4,300	  	  	 	62	  	 	$	5,800	  	  	 	60	  	 	$	5,600	  	  	 	58	  	 	$	4,300	  	  	 	56	  	
Single	  	 	800	  	  	 	197	  	 	 	500	  	  	 	200	  	 	 	600	  	  	 	207	  	 	 	600	  	  	 	210	  	 	 	700	  	  	 	205	  	 	 	400	  	  	 	201	  	
	  	 	 	 	  			 	 	 	 	 	  				 	 	 	 	  				 	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total Flow	  	$	6,100	  	  			 	 	$	3,900	  	  				 	$	4,900	  	  				 	$	6,400	  	  				 	$	6,300	  	  				 	$	4,700	  	  				

 	  	Flow
NIW	 	  	% of Flow
NIW	 	 	Flow
NIW	 	  	% of Flow
NIW	 	 	Flow
NIW	 	  	% of Flow
NIW	 	 	Flow
NIW	 	  	% of Flow
NIW	 	 	Flow
NIW	 	  	% of Flow
NIW	 	 	Flow
NIW	 	  	% of Flow
NIW	 	
FICO Scores	  				  			 	 				  				 				  				 				  				 				  				 				  				
Over 735	  	$	3,600	  	  	 	59	% 	 	$	2,400	  	  	 	61	% 	 	$	3,100	  	  	 	63	% 	 	$	4,400	  	  	 	69	% 	 	$	4,500	  	  	 	72	% 	 	$	3,400	  	  	 	72	% 	
680 - 735	  	 	2,000	  	  	 	33	  	 	 	1,200	  	  	 	31	  	 	 	1,500	  	  	 	31	  	 	 	1,900	  	  	 	29	  	 	 	1,600	  	  	 	25	  	 	 	1,200	  	  	 	26	  	
660 - 679 (2)	  	 	300	  	  	 	5	  	 	 	200	  	  	 	5	  	 	 	200	  	  	 	4	  	 	 	100	  	  	 	2	  	 	 	200	  	  	 	3	  	 	 	100	  	  	 	2	  	
620 - 659	  	 	200	  	  	 	3	  	 	 	100	  	  	 	3	  	 	 	100	  	  	 	2	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	
<620	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	  	$	6,100	  	  	 	100	% 	 	$	3,900	  	  	 	100	% 	 	$	4,900	  	  	 	100	% 	 	$	6,400	  	  	 	100	% 	 	$	6,300	  	  	 	100	% 	 	$	4,700	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Loan-To-Value Ratio	  				  			 	 				  				 				  				 				  				 				  				 				  				
95.01% and above	  	$	100	  	  	 	2	% 	 	$	100	  	  	 	3	% 	 	$	200	  	  	 	4	% 	 	$	200	  	  	 	3	% 	 	$	200	  	  	 	3	% 	 	$	100	  	  	 	2	% 	
90.01% to 95.00%	  	 	3,300	  	  	 	54	  	 	 	1,900	  	  	 	49	  	 	 	2,300	  	  	 	47	  	 	 	3,000	  	  	 	47	  	 	 	2,700	  	  	 	43	  	 	 	1,900	  	  	 	41	  	
85.01% to 90.00%	  	 	1,900	  	  	 	31	  	 	 	1,300	  	  	 	33	  	 	 	1,600	  	  	 	33	  	 	 	2,200	  	  	 	34	  	 	 	2,300	  	  	 	37	  	 	 	1,700	  	  	 	36	  	
85.00% and below	  	 	800	  	  	 	13	  	 	 	600	  	  	 	15	  	 	 	800	  	  	 	16	  	 	 	1,000	  	  	 	16	  	 	 	1,100	  	  	 	17	  	 	 	1,000	  	  	 	21	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	  	$	6,100	  	  	 	100	% 	 	$	3,900	  	  	 	100	% 	 	$	4,900	  	  	 	100	% 	 	$	6,400	  	  	 	100	% 	 	$	6,300	  	  	 	100	% 	 	$	4,700	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Origination	  				  			 	 				  				 				  				 				  				 				  				 				  				
Purchase	  	$	5,100	  	  	 	84	% 	 	$	3,000	  	  	 	77	% 	 	$	3,800	  	  	 	78	% 	 	$	4,600	  	  	 	72	% 	 	$	3,800	  	  	 	60	% 	 	$	2,200	  	  	 	47	% 	
Refinance	  	 	1,000	  	  	 	16	  	 	 	900	  	  	 	23	  	 	 	1,100	  	  	 	22	  	 	 	1,800	  	  	 	28	  	 	 	2,500	  	  	 	40	  	 	 	2,500	  	  	 	53	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	  	$	6,100	  	  	 	100	% 	 	$	3,900	  	  	 	100	% 	 	$	4,900	  	  	 	100	% 	 	$	6,400	  	  	 	100	% 	 	$	6,300	  	  	 	100	% 	 	$	4,700	  	  	 	100	% 	

 

(1)  	Includes loans with annual and split payment types.	
(2)  	Loans with unknown FICO scores are included in the 660-679 category.	
 
43

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Other Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	151	  	 	$	144	  	 	$	295	  	 	$	148	  	 	$	140	  	 	$	144	  	 	$	135	  	 	$	567	  	
	 								
New Risk Written	  			 	 				 				 				 				 				 				 				
Flow	  	$	1,521	  	 	$	960	  	 	$	2,481	  	 	$	1,196	  	 	$	1,577	  	 	$	1,478	  	 	$	1,091	  	 	$	5,342	  	
Bulk	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	1,521	  	 	 	960	  	 	 	2,481	  	 	 	1,196	  	 	 	1,577	  	 	 	1,478	  	 	 	1,091	  	 	 	5,342	  	
Pool	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total New Risk Written	  	$	1,521	  	 	$	960	  	 	$	2,481	  	 	$	1,196	  	 	$	1,577	  	 	$	1,478	  	 	$	1,091	  	 	$	5,342	  	

Primary Insurance In-Force	  	$	110,500	  	 	$	109,100	  	 				 	$	109,300	  	 	$	109,000	  	 	$	108,800	  	 	$	109,300	  	 				
	 								
Risk In-Force	  			 	 				 				 				 				 				 				 				
Flow	  	$	26,880	  	 	$	26,405	  	 				 	$	26,327	  	 	$	26,194	  	 	$	25,957	  	 	$	25,626	  	 				
Bulk (1)	  	 	434	  	 	 	442	  	 				 	 	448	  	 	 	456	  	 	 	463	  	 	 	485	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	  	 	27,314	  	 	 	26,847	  	 				 	 	26,775	  	 	 	26,650	  	 	 	26,420	  	 	 	26,111	  	 				
Pool	  	 	163	  	 	 	171	  	 				 	 	177	  	 	 	187	  	 	 	196	  	 	 	205	  	 				
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-Force	  	$	27,477	  	 	$	27,018	  	 				 	$	26,952	  	 	$	26,837	  	 	$	26,616	  	 	$	26,316	  	 				

Primary Risk In-Force Subject To Captives	  	 	7	% 	 	 	8	% 	 				 	 	9	% 	 	 	10	% 	 	 	11	% 	 	 	12	% 	 				
	 								
Primary Risk In-Force That Is GSE Conforming	  	 	97	% 	 	 	97	% 	 				 	 	97	% 	 	 	97	% 	 	 	97	% 	 	 	97	% 	 				
	 								
GAAP Basis Expense Ratio (2) 	  	 	25	% 	 	 	25	% 	 	 	25	% 	 	 	26	% 	 	 	26	% 	 	 	26	% 	 	 	30	% 	 	 	27	% 	
	 								
Adjusted Expense Ratio (3) 	  	 	23	% 	 	 	24	% 	 	 	24	% 	 	 	25	% 	 	 	26	% 	 	 	25	% 	 	 	30	% 	 	 	27	% 	
	 								
Flow Persistency	  	 	83	% 	 	 	85	% 	 				 	 	83	% 	 	 	79	% 	 	 	81	% 	 	 	80	% 	 				
	 								
Gross Written Premiums Ceded To Captives/Total Direct Written Premiums	  	 	3	% 	 	 	3	% 	 				 	 	3	% 	 	 	4	% 	 	 	4	% 	 	 	4	% 	 				
	 								
Risk To Capital Ratio (4) 	  	 	14.6:1	  	 	 	18.7:1	  	 				 	 	19.5:1	  	 	 	22.4:1	  	 	 	22.4:1	  	 	 	24.2:1	  	 				
	 								
Average Primary Loan Size (in thousands)	  	$	178	  	 	$	176	  	 				 	$	175	  	 	$	174	  	 	$	172	  	 	$	168	  	 				
	 								
Estimated Savings For Loss Mitigation Activities (5) 	  	$	102	  	 	$	114	  	 	$	216	  	 	$	124	  	 	$	136	  	 	$	144	  	 	$	159	  	 	$	563	  	
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)  	As of June 30, 2014, 84% of our bulk risk in-force was related to loans financed by lenders who participated in the mortgage programs sponsored by the Federal Home Loan Banks.	
(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 written premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.	
(4)  	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 U.S. mortgage insurance business maintains new business writing flexibility in all states, supported by risk to capital waivers or existing authority to write new business in all 50 states in its primary writing entity, which has maintained a risk to capital ratio below the maximum requirement since June 30, 2013. 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.	
(5)  	Loss mitigation activities are defined as rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled pre-sales, claims administration and other loan workouts. Estimated savings related to rescissions are the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings related to loan modifications and other cure related loss mitigation actions represent the reduction in carried loss reserves. Estimated savings related to claims mitigation activities represent amounts deducted or “curtailed” from claims due to acts or omissions by the servicer with respect to the servicing of an insured loan that is not in compliance with obligations under our master policy. For non-cure related actions, including pre-sales, the estimated savings represent the difference between the full claim obligation and the actual amount paid. Loans subject to our loss mitigation actions, the results of which have been included in our reported estimated loss mitigations savings, are subject to re-default and may result in a potential claim in future periods as well as potential future loss mitigation savings depending on the resolution of the re-defaulted loan.	
 
44

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Loss Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				 				 				 				 				 				 				
Flow	  			 	  				 				 				 				 				 				 				
Direct	  	$	148	  	  	$	178	  	 	$	326	  	 	$	198	  	 	$	216	  	 	$	197	  	 	$	253	  	 	$	864	  	
Assumed (1)	  	 	6	  	  	 	6	  	 	 	12	  	 	 	8	  	 	 	9	  	 	 	12	  	 	 	13	  	 	 	42	  	
Ceded	  	 	(4	) 	  	 	(15	) 	 	 	(19	) 	 	 	(8	) 	 	 	(9	) 	 	 	(11	) 	 	 	(17	) 	 	 	(45	) 	
Loss adjustment expenses	  	 	4	  	  	 	5	  	 	 	9	  	 	 	6	  	 	 	6	  	 	 	6	  	 	 	6	  	 	 	24	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	 	154	  	  	 	174	  	 	 	328	  	 	 	204	  	 	 	222	  	 	 	204	  	 	 	255	  	 	 	885	  	
Bulk	  	 	2	  	  	 	2	  	 	 	4	  	 	 	2	  	 	 	3	  	 	 	6	  	 	 	3	  	 	 	14	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	156	  	  	 	176	  	 	 	332	  	 	 	206	  	 	 	225	  	 	 	210	  	 	 	258	  	 	 	899	  	
Pool	  	 	1	  	  	 	1	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	1	  	 	 	5	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	157	  	  	$	177	  	 	$	334	  	 	$	207	  	 	$	226	  	 	$	212	  	 	$	259	  	 	$	904	  	

Average Paid Claim (in thousands)	  	$	47.2	  	  	$	43.6	  	 				 	$	45.3	  	 	$	45.3	  	 	$	45.0	  	 	$	44.2	  	 				
	 								
Average Direct Paid Claim (in thousands) (2)	  	$	45.6	  	  	$	44.5	  	 				 	$	43.5	  	 	$	43.5	  	 	$	42.3	  	 	$	43.5	  	 				
	 								
Average Reserve Per Delinquency (in thousands)	  			 	  				 				 				 				 				 				 				
Flow	  	$	30.0	  	  	$	30.3	  	 				 	$	29.4	  	 	$	29.6	  	 	$	30.0	  	 	$	29.8	  	 				
Bulk loans with established reserve	  	 	22.5	  	  	 	19.2	  	 				 	 	19.7	  	 	 	20.0	  	 	 	20.8	  	 	 	21.9	  	 				
Bulk loans with no reserve (3)	  	 	—  	  	  	 	—  	  	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 				
	 								
Reserves:	  			 	  				 				 				 				 				 				 				
Flow direct case	  	$	1,083	  	  	$	1,172	  	 				 	$	1,277	  	 	$	1,377	  	 	$	1,471	  	 	$	1,566	  	 				
Bulk direct case	  	 	24	  	  	 	25	  	 				 	 	27	  	 	 	28	  	 	 	29	  	 	 	33	  	 				
Assumed (1)	  	 	24	  	  	 	29	  	 				 	 	35	  	 	 	39	  	 	 	51	  	 	 	57	  	 				
All other (4)	  	 	125	  	  	 	129	  	 				 	 	143	  	 	 	143	  	 	 	145	  	 	 	164	  	 				
	  	 	 	 	  	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Reserves	  	$	1,256	  	  	$	1,355	  	 				 	$	1,482	  	 	$	1,587	  	 	$	1,696	  	 	$	1,820	  	 				

Beginning Reserves	  	$	1,355	  	  	$	1,482	  	 	$	1,482	  	 	$	1,587	  	 	$	1,696	  	 	$	1,820	  	 	$	2,009	  	 	$	2,009	  	
Paid claims	  	 	(162	) 	  	 	(192	) 	 	 	(354	) 	 	 	(215	) 	 	 	(235	) 	 	 	(223	) 	 	 	(276	) 	 	 	(949	) 	
Increase in reserves	  	 	63	  	  	 	65	  	 	 	128	  	 	 	110	  	 	 	126	  	 	 	99	  	 	 	87	  	 	 	422	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	1,256	  	  	$	1,355	  	 	$	1,256	  	 	$	1,482	  	 	$	1,587	  	 	$	1,696	  	 	$	1,820	  	 	$	1,482	  	

Beginning Reinsurance Recoverable (5)	  	$	31	  	  	$	44	  	 	$	44	  	 	$	50	  	 	$	56	  	 	$	66	  	 	$	80	  	 	$	80	  	
Ceded paid claims	  	 	(5	) 	  	 	(15	) 	 	 	(20	) 	 	 	(8	) 	 	 	(9	) 	 	 	(11	) 	 	 	(17	) 	 	 	(45	) 	
Increase in recoverable	  	 	1	  	  	 	2	  	 	 	3	  	 	 	2	  	 	 	3	  	 	 	1	  	 	 	3	  	 	 	9	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reinsurance Recoverable	  	$	27	  	  	$	31	  	 	$	27	  	 	$	44	  	 	$	50	  	 	$	56	  	 	$	66	  	 	$	44	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (6) 	  	 	43	% 	  	 	46	% 	 	 	45	% 	 	 	76	% 	 	 	90	% 	 	 	70	% 	 	 	62	% 	 	 	74	% 	
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)  	Assumed is comprised of reinsurance arrangements with state governmental housing finance agencies.	
(2)  	Average direct paid claim excludes loss adjustment expenses, the impact of reinsurance and a negotiated servicer settlement.	
(3)  	Reserves were not established on loans where the company was in a secondary loss position due to an existing deductible and the company believes currently have no risk for claim.	
(4)  	Other includes loss adjustment expenses, pool and incurred but not reported reserves.	
(5)  	Reinsurance recoverable excludes ceded unearned premium recoveries and amounts for which cash proceeds have not yet been received.	
(6)  	The ratio of incurred losses to net earned premiums.	
 
45

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Delinquency Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	 	2014	 	 	2013	 	
 	 	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Number of Primary Delinquencies	 			 	  				 				 				 				 				 				 				
Flow	 	 	40,897	  	  	 	43,733	  	 				 	 	49,255	  	 	 	52,509	  	 	 	55,413	  	 	 	59,789	  	 				
Bulk loans with an established reserve	 	 	1,147	  	  	 	1,434	  	 				 	 	1,491	  	 	 	1,509	  	 	 	1,526	  	 	 	1,603	  	 				
Bulk loans with no reserve (1)	 	 	561	  	  	 	694	  	 				 	 	713	  	 	 	726	  	 	 	1,260	  	 	 	1,412	  	 				
	 	 	 	 	  	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Number of Primary Delinquencies	 	 	42,605	  	  	 	45,861	  	 				 	 	51,459	  	 	 	54,744	  	 	 	58,199	  	 	 	62,804	  	 				

Beginning Number of Primary Delinquencies	 	 	45,861	  	  	 	51,459	  	 	 	51,459	  	 	 	54,744	  	 	 	58,199	  	 	 	62,804	  	 	 	69,239	  	 	 	69,239	  	
New delinquencies	 	 	10,568	  	  	 	12,100	  	 	 	22,668	  	 	 	13,205	  	 	 	14,105	  	 	 	13,192	  	 	 	15,060	  	 	 	55,562	  	
Delinquency cures	 	 	(10,545	) 	  	 	(13,678	) 	 	 	(24,223	) 	 	 	(11,974	) 	 	 	(12,603	) 	 	 	(13,127	) 	 	 	(15,677	) 	 	 	(53,381	) 	
Paid claims	 	 	(3,279	) 	  	 	(4,020	) 	 	 	(7,299	) 	 	 	(4,516	) 	 	 	(4,957	) 	 	 	(4,670	) 	 	 	(5,818	) 	 	 	(19,961	) 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Number of Primary Delinquencies	 	 	42,605	  	  	 	45,861	  	 	 	42,605	  	 	 	51,459	  	 	 	54,744	  	 	 	58,199	  	 	 	62,804	  	 	 	51,459	  	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Composition of Cures	 			 	  				 				 				 				 				 				 				
Reported delinquent and cured-intraquarter	 	 	1,993	  	  	 	3,141	  	 				 	 	2,107	  	 	 	2,488	  	 	 	2,447	  	 	 	3,519	  	 				
Number of missed payments delinquent prior to cure:	 			 	  				 				 				 				 				 				 				
3 payments or less	 	 	5,335	  	  	 	7,252	  	 				 	 	6,253	  	 	 	6,291	  	 	 	6,748	  	 	 	8,125	  	 				
4 - 11 payments	 	 	2,253	  	  	 	2,391	  	 				 	 	2,385	  	 	 	2,387	  	 	 	2,737	  	 	 	2,856	  	 				
12 payments or more	 	 	964	  	  	 	894	  	 				 	 	1,229	  	 	 	1,437	  	 	 	1,195	  	 	 	1,177	  	 				
	 	 	 	 	  	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	 	 	10,545	  	  	 	13,678	  	 				 	 	11,974	  	 	 	12,603	  	 	 	13,127	  	 	 	15,677	  	 				
	 	 	 	 	  	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Delinquencies by Missed Payment Status	 			 	  				 				 				 				 				 				 				
3 payments or less	 	 	11,228	  	  	 	11,351	  	 				 	 	13,992	  	 	 	14,078	  	 	 	13,871	  	 	 	14,674	  	 				
4 - 11 payments	 	 	9,913	  	  	 	11,463	  	 				 	 	12,410	  	 	 	13,134	  	 	 	14,503	  	 	 	16,804	  	 				
12 payments or more	 	 	21,464	  	  	 	23,047	  	 				 	 	25,057	  	 	 	27,532	  	 	 	29,825	  	 	 	31,326	  	 				
	 	 	 	 	  	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Delinquencies	 	 	42,605	  	  	 	45,861	  	 				 	 	51,459	  	 	 	54,744	  	 	 	58,199	  	 	 	62,804	  	 				

						
 	 	June 30, 2014	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Delinquencies and Percentage
Reserved by Payment Status	 	Delinquencies	 	  	Direct Case
Reserves (2) 	 	 	Risk In-Force	 	 	Reserves as % of
Risk In-Force	 	 	 	 	 	 	 	 	 	 	 	 	 	
3 payments or less in default	 	 	10,780	  	  	$	76	  	 	$	427	  	 	 	18	% 	 				 				 				 				
4 - 11 payments in default	 	 	9,601	  	  	 	242	  	 	 	398	  	 	 	61	% 	 				 				 				 				
12 payments or more in default	 	 	20,516	  	  	 	765	  	 	 	1,016	  	 	 	75	% 	 				 				 				 				
	 	 	 	 	  	 	 	 	 	 	 	 	 				 				 				 				 				
Total	 	 	40,897	  	  	$	1,083	  	 	$	1,841	  	 	 	59	% 	 				 				 				 				

 	 	December 31, 2013	 	 	 	 	 	 	 	 	 	 	 	 	 	
Flow Delinquencies and Percentage
Reserved by Payment Status	 	Delinquencies	 	  	Direct Case
Reserves (2) 	 	 	Risk In-Force	 	 	Reserves as % of
Risk In-Force	 	 	 	 	 	 	 	 	 	 	 	 	 	
3 payments or less in default	 	 	13,436	  	  	$	121	  	 	$	523	  	 	 	23	% 	 				 				 				 				
4 - 11 payments in default	 	 	11,854	  	  	 	305	  	 	 	486	  	 	 	63	% 	 				 				 				 				
12 payments or more in default	 	 	23,965	  	  	 	851	  	 	 	1,178	  	 	 	72	% 	 				 				 				 				
	 	 	 	 	  	 	 	 	 	 	 	 	 				 				 				 				 				
Total	 	 	49,255	  	  	$	1,277	  	 	$	2,187	  	 	 	58	% 	 				 				 				 				

(1)  	Reserves were not established on loans where the company was in a secondary loss position due to an existing deductible and the company believes currently have no risk for claim.	
(2)  	Direct flow case reserves exclude loss adjustment expenses, incurred but not reported and reinsurance reserves.	
 
46

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
Risk In-Force by Credit Quality (1) 	  			 	 				 				 				 				 				
Primary by FICO Scores >679	  	 	81	% 	 	 	80	% 	 	 	79	% 	 	 	79	% 	 	 	78	% 	 	 	76	% 	
Primary by FICO Scores 620-679	  	 	15	% 	 	 	16	% 	 	 	17	% 	 	 	17	% 	 	 	18	% 	 	 	19	% 	
Primary by FICO Scores 575-619	  	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	4	% 	
Primary by FICO Scores <575	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	
	 						
Flow by FICO Scores >679	  	 	81	% 	 	 	80	% 	 	 	79	% 	 	 	79	% 	 	 	77	% 	 	 	76	% 	
Flow by FICO Scores 620-679	  	 	15	% 	 	 	16	% 	 	 	17	% 	 	 	17	% 	 	 	19	% 	 	 	19	% 	
Flow by FICO Scores 575-619	  	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	4	% 	
Flow by FICO Scores <575	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	
	 						
Bulk by FICO Scores >679	  	 	89	% 	 	 	89	% 	 	 	89	% 	 	 	89	% 	 	 	89	% 	 	 	89	% 	
Bulk by FICO Scores 620-679	  	 	9	% 	 	 	9	% 	 	 	9	% 	 	 	9	% 	 	 	9	% 	 	 	9	% 	
Bulk by FICO Scores 575-619	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	
Bulk by FICO Scores <575	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	
	 						
Primary A minus	  	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	4	% 	
Primary sub-prime (2)	  	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	3	% 	 	 	3	% 	
	 						
Primary Loans	  			 	 				 				 				 				 				
Primary loans in-force	  	 	620,415	  	 	 	618,442	  	 	 	624,236	  	 	 	627,536	  	 	 	633,685	  	 	 	649,570	  	
Primary delinquent loans	  	 	42,605	  	 	 	45,861	  	 	 	51,459	  	 	 	54,744	  	 	 	58,199	  	 	 	62,804	  	
Primary delinquency rate	  	 	6.87	% 	 	 	7.42	% 	 	 	8.24	% 	 	 	8.72	% 	 	 	9.18	% 	 	 	9.67	% 	
	 						
Flow loans in-force	  	 	585,719	  	 	 	582,553	  	 	 	586,546	  	 	 	589,703	  	 	 	590,949	  	 	 	590,051	  	
Flow delinquent loans	  	 	40,897	  	 	 	43,733	  	 	 	49,255	  	 	 	52,509	  	 	 	55,413	  	 	 	59,789	  	
Flow delinquency rate	  	 	6.98	% 	 	 	7.51	% 	 	 	8.40	% 	 	 	8.90	% 	 	 	9.38	% 	 	 	10.13	% 	
	 						
Bulk loans in-force	  	 	34,696	  	 	 	35,889	  	 	 	37,690	  	 	 	37,833	  	 	 	42,736	  	 	 	59,519	  	
Bulk delinquent loans	  	 	1,708	  	 	 	2,128	  	 	 	2,204	  	 	 	2,235	  	 	 	2,786	  	 	 	3,015	  	
Bulk delinquency rate	  	 	4.92	% 	 	 	5.93	% 	 	 	5.85	% 	 	 	5.91	% 	 	 	6.52	% 	 	 	5.07	% 	
	 						
A minus and sub-prime loans in-force	  	 	36,219	  	 	 	37,714	  	 	 	39,307	  	 	 	41,081	  	 	 	42,993	  	 	 	44,873	  	
A minus and sub-prime delinquent loans	  	 	8,238	  	 	 	8,789	  	 	 	10,023	  	 	 	10,548	  	 	 	10,803	  	 	 	11,484	  	
A minus and sub-prime delinquency rate	  	 	22.74	% 	 	 	23.30	% 	 	 	25.50	% 	 	 	25.68	% 	 	 	25.13	% 	 	 	25.59	% 	
	 						
Pool Loans	  			 	 				 				 				 				 				
Pool loans in-force	  	 	10,336	  	 	 	10,710	  	 	 	11,354	  	 	 	11,657	  	 	 	12,063	  	 	 	12,558	  	
Pool delinquent loans	  	 	546	  	 	 	575	  	 	 	628	  	 	 	670	  	 	 	634	  	 	 	674	  	
Pool delinquency rate	  	 	5.28	% 	 	 	5.37	% 	 	 	5.53	% 	 	 	5.75	% 	 	 	5.26	% 	 	 	5.37	% 	

(1)  	Loans with unknown FICO scores are included in the 620-679 category.	
(2)  	Excludes loans classified as A minus.	
 
47

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

 	  	June 30, 2014	 	 	March 31, 2014	 	 	June 30, 2013	 	
 	  	% of  Total
Reserves (1) 	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency
Rate	 	 	% of  Total
Reserves (1) 	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency
Rate	 	 	% of  Total
Reserves (1) 	 	 	% of Primary
Risk In-Force	 	 	Primary
Delinquency
Rate	 	
By Region	  				 				 				 				 				 				 				 				 				
Southeast (2)	  	 	30	% 	 	 	20	% 	 	 	9.01	% 	 	 	31	% 	 	 	20	% 	 	 	9.85	% 	 	 	34	% 	 	 	21	% 	 	 	12.69	% 	
South Central (3)	  	 	7	  	 	 	16	  	 	 	4.73	% 	 	 	8	  	 	 	16	  	 	 	5.10	% 	 	 	9	  	 	 	16	  	 	 	6.29	% 	
Northeast (4)	  	 	25	  	 	 	15	  	 	 	11.17	% 	 	 	23	  	 	 	15	  	 	 	11.60	% 	 	 	17	  	 	 	15	  	 	 	12.50	% 	
Pacific (5)	  	 	10	  	 	 	12	  	 	 	5.28	% 	 	 	10	  	 	 	12	  	 	 	5.77	% 	 	 	12	  	 	 	12	  	 	 	7.96	% 	
North Central (6)	  	 	10	  	 	 	11	  	 	 	5.89	% 	 	 	10	  	 	 	11	  	 	 	6.59	% 	 	 	11	  	 	 	11	  	 	 	8.62	% 	
Great Lakes (7)	  	 	6	  	 	 	10	  	 	 	4.90	% 	 	 	6	  	 	 	10	  	 	 	5.33	% 	 	 	6	  	 	 	9	  	 	 	6.78	% 	
New England (8)	  	 	5	  	 	 	6	  	 	 	6.69	% 	 	 	5	  	 	 	6	  	 	 	7.15	% 	 	 	4	  	 	 	6	  	 	 	8.57	% 	
Mid-Atlantic (9)	  	 	5	  	 	 	5	  	 	 	6.79	% 	 	 	5	  	 	 	5	  	 	 	7.32	% 	 	 	4	  	 	 	5	  	 	 	8.85	% 	
Plains (10)	  	 	2	  	 	 	5	  	 	 	4.50	% 	 	 	2	  	 	 	5	  	 	 	4.76	% 	 	 	3	  	 	 	5	  	 	 	5.93	% 	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	 	 	100	% 	 	 	6.87	% 	 	 	100	% 	 	 	100	% 	 	 	7.42	% 	 	 	100	% 	 	 	100	% 	 	 	9.18	% 	

By State	  				 				 				 				 				 				 				 				 				
California	  	 	4	% 	 	 	7	% 	 	 	3.42	% 	 	 	4	% 	 	 	7	% 	 	 	3.78	% 	 	 	5	% 	 	 	7	% 	 	 	5.39	% 	
Texas	  	 	3	% 	 	 	7	% 	 	 	4.66	% 	 	 	3	% 	 	 	7	% 	 	 	4.89	% 	 	 	3	% 	 	 	7	% 	 	 	5.74	% 	
New York	  	 	11	% 	 	 	6	% 	 	 	11.11	% 	 	 	11	% 	 	 	7	% 	 	 	11.34	% 	 	 	8	% 	 	 	7	% 	 	 	11.58	% 	
Florida	  	 	21	% 	 	 	6	% 	 	 	15.71	% 	 	 	22	% 	 	 	6	% 	 	 	17.49	% 	 	 	23	% 	 	 	7	% 	 	 	23.12	% 	
Illinois	  	 	6	% 	 	 	5	% 	 	 	7.82	% 	 	 	7	% 	 	 	5	% 	 	 	8.73	% 	 	 	8	% 	 	 	5	% 	 	 	11.95	% 	
New Jersey	  	 	10	% 	 	 	4	% 	 	 	15.45	% 	 	 	9	% 	 	 	4	% 	 	 	16.27	% 	 	 	7	% 	 	 	4	% 	 	 	18.05	% 	
Pennsylvania	  	 	4	% 	 	 	4	% 	 	 	8.25	% 	 	 	3	% 	 	 	4	% 	 	 	8.67	% 	 	 	3	% 	 	 	4	% 	 	 	9.94	% 	
Georgia	  	 	3	% 	 	 	4	% 	 	 	6.76	% 	 	 	3	% 	 	 	4	% 	 	 	7.37	% 	 	 	3	% 	 	 	4	% 	 	 	9.73	% 	
Ohio	  	 	2	% 	 	 	4	% 	 	 	5.44	% 	 	 	2	% 	 	 	4	% 	 	 	6.01	% 	 	 	2	% 	 	 	3	% 	 	 	7.29	% 	
North Carolina	  	 	2	% 	 	 	4	% 	 	 	6.04	% 	 	 	2	% 	 	 	4	% 	 	 	6.58	% 	 	 	3	% 	 	 	4	% 	 	 	8.47	% 	

(1)  	Total reserves were $1,256 million, $1,355 million and $1,696 million as of June 30, 2014, March 31, 2014 and June 30, 2013, respectively.	
(2)  	Alabama, Arkansas, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.	
(3)  	Arizona, Colorado, Louisiana, New Mexico, Oklahoma, Texas and Utah.	
(4)  	New Jersey, New York and Pennsylvania.	
(5)  	Alaska, California, Hawaii, Nevada, Oregon and Washington.	
(6)  	Illinois, Minnesota, Missouri and Wisconsin.	
(7)  	Indiana, Kentucky, Michigan and Ohio.	
(8)  	Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.	
(9)  	Delaware, Maryland, Virginia, Washington D.C. and West Virginia.	
(10)  	Idaho, Iowa, Kansas, Montana, Nebraska, North Dakota, South Dakota and Wyoming.	
 
48

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	June 30, 2014	 	 	March 31, 2014	 	 	June 30, 2013	 	
 	  	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)	  	$	27,314	  	  	 	6.87	% 	 	$	26,847	  	  	 	7.42	% 	 	$	26,420	  	  	 	9.18	% 	
Top 10 lenders	  	 	12,393	  	  	 	7.96	% 	 	 	12,450	  	  	 	8.41	% 	 	 	12,806	  	  	 	10.66	% 	
Top 20 lenders	  	 	14,328	  	  	 	7.88	% 	 	 	14,337	  	  	 	8.32	% 	 	 	14,555	  	  	 	10.27	% 	
							
Loan-to-value ratio	  				  				 				  				 				  				
95.01% and above	  	$	7,107	  	  	 	8.91	% 	 	$	7,267	  	  	 	9.24	% 	 	$	7,480	  	  	 	10.93	% 	
90.01% to 95.00%	  	 	10,738	  	  	 	5.86	% 	 	 	10,187	  	  	 	6.57	% 	 	 	9,469	  	  	 	8.55	% 	
80.01% to 90.00%	  	 	9,081	  	  	 	6.73	% 	 	 	8,999	  	  	 	7.30	% 	 	 	9,058	  	  	 	9.09	% 	
80.00% and below	  	 	388	  	  	 	3.45	% 	 	 	394	  	  	 	3.59	% 	 	 	413	  	  	 	4.61	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	27,314	  	  	 	6.87	% 	 	$	26,847	  	  	 	7.42	% 	 	$	26,420	  	  	 	9.18	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Loan grade	  				  				 				  				 				  				
Prime	  	$	25,965	  	  	 	5.88	% 	 	$	25,446	  	  	 	6.38	% 	 	$	24,840	  	  	 	8.02	% 	
A minus and sub-prime	  	 	1,349	  	  	 	22.74	% 	 	 	1,401	  	  	 	23.30	% 	 	 	1,580	  	  	 	25.13	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	27,314	  	  	 	6.87	% 	 	$	26,847	  	  	 	7.42	% 	 	$	26,420	  	  	 	9.18	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Loan type (1)	  				  				 				  				 				  				
First mortgages	  				  				 				  				 				  				
Fixed rate mortgage	  				  				 				  				 				  				
Flow	  	$	26,581	  	  	 	6.79	% 	 	$	26,090	  	  	 	7.30	% 	 	$	25,583	  	  	 	9.14	% 	
Bulk	  	 	419	  	  	 	4.72	% 	 	 	427	  	  	 	5.66	% 	 	 	446	  	  	 	6.30	% 	
Adjustable rate mortgage	  				  				 				  				 				  				
Flow	  	 	299	  	  	 	27.80	% 	 	 	315	  	  	 	27.84	% 	 	 	374	  	  	 	28.96	% 	
Bulk	  	 	15	  	  	 	11.09	% 	 	 	15	  	  	 	14.48	% 	 	 	17	  	  	 	13.93	% 	
Second mortgages	  	 	—  	  	  	 	—  	% 	 	 	—  	  	  	 	—  	% 	 	 	—  	  	  	 	—  	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	27,314	  	  	 	6.87	% 	 	$	26,847	  	  	 	7.42	% 	 	$	26,420	  	  	 	9.18	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Type of documentation	  				  				 				  				 				  				
Alt-A	  				  				 				  				 				  				
Flow	  	$	432	  	  	 	29.50	% 	 	$	453	  	  	 	30.16	% 	 	$	532	  	  	 	32.16	% 	
Bulk	  	 	29	  	  	 	11.53	% 	 	 	30	  	  	 	11.88	% 	 	 	31	  	  	 	16.77	% 	
Standard (2)	  				  				 				  				 				  				
Flow	  	 	26,448	  	  	 	6.65	% 	 	 	25,952	  	  	 	7.15	% 	 	 	25,425	  	  	 	8.96	% 	
Bulk	  	 	405	  	  	 	4.51	% 	 	 	412	  	  	 	5.56	% 	 	 	432	  	  	 	5.86	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	27,314	  	  	 	6.87	% 	 	$	26,847	  	  	 	7.42	% 	 	$	26,420	  	  	 	9.18	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Mortgage term	  				  				 				  				 				  				
15 years and under	  	$	1,115	  	  	 	0.80	% 	 	$	1,118	  	  	 	0.77	% 	 	$	992	  	  	 	1.16	% 	
More than 15 years	  	 	26,199	  	  	 	7.31	% 	 	 	25,729	  	  	 	7.91	% 	 	 	25,428	  	  	 	9.74	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	27,314	  	  	 	6.87	% 	 	$	26,847	  	  	 	7.42	% 	 	$	26,420	  	  	 	9.18	% 	

(1)  	For loan type in this table, any loan with an interest rate that is fixed for an initial term of five years or more is categorized as a fixed rate mortgage.	
(2)  	Standard also includes loans with reduced or different documentation requirements that meet specifications of GSE approved underwriting systems with historical and expected delinquency rates consistent with our standard portfolio.	
 
49

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	June 30, 2014	 	
Policy Year	  	Average
Rate (1) 	 	 	% of  Total
Reserves (2) 	 	 	Primary
Insurance In-Force	 	 	% of Total	 	 	Primary
Risk In-Force	 	  	% of Total	 	 	Deliquency
Rate	 	
2003 and prior	  	 	6.41	% 	 	 	7.4	% 	 	$	3,962	  	 	 	3.6	% 	 	$	903	  	  	 	3.3	% 	 	 	15.27	% 	
2004	  	 	5.74	% 	 	 	5.2	  	 	 	2,631	  	 	 	2.4	  	 	 	628	  	  	 	2.3	  	 	 	12.36	% 	
2005	  	 	5.71	% 	 	 	12.4	  	 	 	5,154	  	 	 	4.6	  	 	 	1,372	  	  	 	5.0	  	 	 	14.33	% 	
2006	  	 	5.96	% 	 	 	17.8	  	 	 	7,857	  	 	 	7.1	  	 	 	1,992	  	  	 	7.3	  	 	 	13.87	% 	
2007	  	 	5.89	% 	 	 	37.4	  	 	 	18,641	  	 	 	16.9	  	 	 	4,670	  	  	 	17.1	  	 	 	13.23	% 	
2008	  	 	5.42	% 	 	 	17.7	  	 	 	16,547	  	 	 	15.0	  	 	 	4,175	  	  	 	15.3	  	 	 	7.38	% 	
2009	  	 	4.98	% 	 	 	0.6	  	 	 	2,996	  	 	 	2.7	  	 	 	672	  	  	 	2.5	  	 	 	1.76	% 	
2010	  	 	4.69	% 	 	 	0.6	  	 	 	3,950	  	 	 	3.6	  	 	 	924	  	  	 	3.4	  	 	 	1.10	% 	
2011	  	 	4.49	% 	 	 	0.4	  	 	 	5,305	  	 	 	4.8	  	 	 	1,310	  	  	 	4.8	  	 	 	0.85	% 	
2012	  	 	3.78	% 	 	 	0.3	  	 	 	12,812	  	 	 	11.6	  	 	 	3,157	  	  	 	11.5	  	 	 	0.28	% 	
2013	  	 	3.95	% 	 	 	0.2	  	 	 	20,775	  	 	 	18.8	  	 	 	5,048	  	  	 	18.5	  	 	 	0.16	% 	
2014	  	 	4.48	% 	 	 	—  	  	 	 	9,881	  	 	 	8.9	  	 	 	2,463	  	  	 	9.0	  	 	 	0.03	% 	
	  				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 				
Total	  	 	5.08	% 	 	 	100.0	% 	 	$	110,511	  	 	 	100.0	% 	 	$	27,314	  	  	 	100.0	% 	 	 	6.87	% 	

 	  	June 30, 2014	 	 	March 31, 2014	 	 	 	 	  	 	 	 	 	 	
Occupancy and Property Type	  	% of Primary
Risk In-Force	 	 	Deliquency
Rate	 	 	% of Primary Risk
In-Force	 	 	Deliquency
Rate	 	 	 	 	  	 	 	 	 	 	
Occupancy Status	  				 				 				 				 				  				 				
Primary residence	  	 	94.8	% 	 	 	6.79	% 	 	 	94.6	% 	 	 	7.34	% 	 				  				 				
Second home	  	 	2.7	  	 	 	7.60	% 	 	 	2.8	  	 	 	8.09	% 	 				  				 				
Non-owner occupied	  	 	2.5	  	 	 	8.14	% 	 	 	2.6	  	 	 	8.60	% 	 				  				 				
	  	 	 	 	 				 	 	 	 	 				 				  				 				
Total	  	 	100.0	% 	 	 	6.87	% 	 	 	100.0	% 	 	 	7.42	% 	 				  				 				
	  	 	 	 	 				 	 	 	 	 				 				  				 				
Property Type	  				 				 				 				 				  				 				
Single family detached	  	 	88.5	% 	 	 	6.61	% 	 	 	88.2	% 	 	 	7.12	% 	 				  				 				
Condominium and co-operative	  	 	9.9	  	 	 	7.86	% 	 	 	10.1	  	 	 	8.59	% 	 				  				 				
Multi-family and other	  	 	1.6	  	 	 	13.86	% 	 	 	1.7	  	 	 	14.81	% 	 				  				 				
	  	 	 	 	 				 	 	 	 	 				 				  				 				
Total	  	 	100.0	% 	 	 	6.87	% 	 	 	100.0	% 	 	 	7.42	% 	 				  				 				

(1)  	Average Annual Mortgage Interest Rate.	
(2)  	Total reserves were $1,256 million as of June 30, 2014.	
 
50

Table of Contents
Corporate and Other Division
 
51

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Net Operating Loss—Corporate and Other Division
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				
Premiums	  	$	200	  	 	$	176	  	 	$	376	  	 	$	159	  	 	$	160	  	 	$	156	  	 	$	166	  	 	$	641	  	
Net investment income	  	 	56	  	 	 	53	  	 	 	109	  	 	 	67	  	 	 	53	  	 	 	68	  	 	 	69	  	 	 	257	  	
Net investment gains (losses)	  	 	(3	) 	 	 	(17	) 	 	 	(20	) 	 	 	19	  	 	 	(24	) 	 	 	(9	) 	 	 	(52	) 	 	 	(66	) 	
Insurance and investment product fees and other	  	 	53	  	 	 	54	  	 	 	107	  	 	 	55	  	 	 	56	  	 	 	53	  	 	 	100	  	 	 	264	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	306	  	 	 	266	  	 	 	572	  	 	 	300	  	 	 	245	  	 	 	268	  	 	 	283	  	 	 	1,096	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	62	  	 	 	54	  	 	 	116	  	 	 	48	  	 	 	49	  	 	 	51	  	 	 	43	  	 	 	191	  	
Interest credited	  	 	29	  	 	 	29	  	 	 	58	  	 	 	30	  	 	 	28	  	 	 	29	  	 	 	32	  	 	 	119	  	
Acquisition and operating expenses, net of deferrals	  	 	155	  	 	 	135	  	 	 	290	  	 	 	135	  	 	 	162	  	 	 	140	  	 	 	179	  	 	 	616	  	
Amortization of deferred acquisition costs and intangibles	  	 	40	  	 	 	42	  	 	 	82	  	 	 	35	  	 	 	28	  	 	 	38	  	 	 	18	  	 	 	119	  	
Interest expense	  	 	91	  	 	 	98	  	 	 	189	  	 	 	89	  	 	 	90	  	 	 	89	  	 	 	94	  	 	 	362	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	377	  	 	 	358	  	 	 	735	  	 	 	337	  	 	 	357	  	 	 	347	  	 	 	366	  	 	 	1,407	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 	  	 	(71	) 	 	 	(92	) 	 	 	(163	) 	 	 	(37	) 	 	 	(112	) 	 	 	(79	) 	 	 	(83	) 	 	 	(311	) 	
Benefit for income taxes	  	 	(23	) 	 	 	(50	) 	 	 	(73	) 	 	 	(14	) 	 	 	(22	) 	 	 	(28	) 	 	 	(26	) 	 	 	(90	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS 	  	 	(48	) 	 	 	(42	) 	 	 	(90	) 	 	 	(23	) 	 	 	(90	) 	 	 	(51	) 	 	 	(57	) 	 	 	(221	) 	
Income (loss) from discontinued operations, net of taxes	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	6	  	 	 	(20	) 	 	 	(12	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET LOSS 	  	 	(48	) 	 	 	(42	) 	 	 	(90	) 	 	 	(23	) 	 	 	(88	) 	 	 	(45	) 	 	 	(77	) 	 	 	(233	) 	
ADJUSTMENTS TO NET LOSS:	  			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	1	  	 	 	10	  	 	 	11	  	 	 	(10	) 	 	 	11	  	 	 	—  	  	 	 	21	  	 	 	22	  	
(Gains) losses on early extinguishment of debt, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	20	  	 	 	—  	  	 	 	—  	  	 	 	20	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	3	  	
(Income) loss from discontinued operations, net of taxes	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	(6	) 	 	 	20	  	 	 	12	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING LOSS 	  	$	(47	) 	 	$	(32	) 	 	$	(79	) 	 	$	(33	) 	 	$	(59	) 	 	$	(48	) 	 	$	(36	) 	 	$	(176	) 	

Effective tax rate (operating loss) 	  	 	33.0 	%  	 	 	57.5 	%  	 	 	45.9	%  	 	 	37.5 	%  	 	 	8.1 	%  	 	 	35.9 	%  	 	 	28.2 	%  	 	 	27.4	%  	
 
52

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income (Loss)—Corporate and Other Division
(amounts in millions)

Three months ended June 30, 2014	  	International
Protection Segment	 	 	Runoff Segment	 	 	Corporate and Other (1) 	 	 	Total	 	
REVENUES:	  	 				 				 			 	
Premiums	  	$	199	  	 	$	1	  	 	$	—  	  	 	$	200	  	
Net investment income	  	 	22	  	 	 	33	  	 	 	1	  	 	 	56	  	
Net investment gains (losses)	  	 	—  	  	 	 	3	  	 	 	(6	) 	 	 	(3	) 	
Insurance and investment product fees and other	  	 	2	  	 	 	52	  	 	 	(1	) 	 	 	53	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	223	  	 	 	89	  	 	 	(6	) 	 	 	306	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 			 	
Benefits and other changes in policy reserves	  	 	56	  	 	 	6	  	 	 	—  	  	 	 	62	  	
Interest credited	  	 	—  	  	 	 	29	  	 	 	—  	  	 	 	29	  	
Acquisition and operating expenses, net of deferrals	  	 	126	  	 	 	20	  	 	 	9	  	 	 	155	  	
Amortization of deferred acquisition costs and intangibles	  	 	30	  	 	 	10	  	 	 	—  	  	 	 	40	  	
Interest expense	  	 	9	  	 	 	1	  	 	 	81	  	 	 	91	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	221	  	 	 	66	  	 	 	90	  	 	 	377	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	2	  	 	 	23	  	 	 	(96	) 	 	 	(71	) 	
Provision (benefit) for income taxes	  	 	—  	  	 	 	5	  	 	 	(28	) 	 	 	(23	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	2	  	 	 	18	  	 	 	(68	) 	 	 	(48	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	2	  	 	 	18	  	 	 	(68	) 	 	 	(48	) 	
				 	
ADJUSTMENT TO NET INCOME (LOSS):	  				 				 				 			 	
Net investment (gains) losses, net	  	 	—  	  	 	 	(3	) 	 	 	4	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	2	  	 	$	15	  	 	$	(64	) 	 	$	(47	) 	

Effective tax rate (operating income (loss))	  	 	6.8	% 	 	 	16.1	% 	 	 	28.8	% 	 	 	33.0	% 	
Three months ended June 30, 2013	  	International
Protection Segment	 	 	Runoff Segment	 	 	Corporate and Other (1) 	 	 	Total	 	
REVENUES:	  				 				 				 			 	
Premiums	  	$	154	  	 	$	2	  	 	$	—  	  	 	$	156	  	
Net investment income	  	 	31	  	 	 	34	  	 	 	3	  	 	 	68	  	
Net investment gains (losses)	  	 	16	  	 	 	(20	) 	 	 	(5	) 	 	 	(9	) 	
Insurance and investment product fees and other	  	 	1	  	 	 	53	  	 	 	(1	) 	 	 	53	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	202	  	 	 	69	  	 	 	(3	) 	 	 	268	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 			 	
Benefits and other changes in policy reserves	  	 	41	  	 	 	10	  	 	 	—  	  	 	 	51	  	
Interest credited	  	 	—  	  	 	 	29	  	 	 	—  	  	 	 	29	  	
Acquisition and operating expenses, net of deferrals	  	 	110	  	 	 	22	  	 	 	8	  	 	 	140	  	
Amortization of deferred acquisition costs and intangibles	  	 	26	  	 	 	8	  	 	 	4	  	 	 	38	  	
Interest expense	  	 	11	  	 	 	1	  	 	 	77	  	 	 	89	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	188	  	 	 	70	  	 	 	89	  	 	 	347	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	14	  	 	 	(1	) 	 	 	(92	) 	 	 	(79	) 	
Provision (benefit) for income taxes	  	 	5	  	 	 	—  	  	 	 	(33	) 	 	 	(28	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	9	  	 	 	(1	) 	 	 	(59	) 	 	 	(51	) 	
Loss from discontinued operations, net of taxes	  	 	—  	  	 	 	—  	  	 	 	6	  	 	 	6	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	9	  	 	 	(1	) 	 	 	(53	) 	 	 	(45	) 	
				 	
ADJUSTMENTS TO NET INCOME (LOSS):	  				 				 				 			 	
Net investment (gains) losses, net	  	 	(11	) 	 	 	7	  	 	 	4	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	3	  	 	 	—  	  	 	 	—  	  	 	 	3	  	
(Income) loss from discontinued operations, net of taxes	  	 	—  	  	 	 	—  	  	 	 	(6	) 	 	 	(6	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	1	  	 	$	6	  	 	$	(55	) 	 	$	(48	) 	

Effective tax rate (operating income (loss))	  	 	38.7	% 	 	 	40.9	% 	 	 	36.7	% 	 	 	35.9	% 	

(1)  	Includes inter-segment eliminations and non-core products.	
 
53

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income (Loss)—Corporate and Other Division
(amounts in millions)

Six months ended June 30, 2014	  	International
Protection  Segment	 	 	Runoff Segment	 	 	Corporate and Other (1) 	 	 	Total	 	
REVENUES:	  	 				 				 			 	
Premiums	  	$	374	  	 	$	2	  	 	$	—  	  	 	$	376	  	
Net investment income	  	 	52	  	 	 	65	  	 	 	(8	) 	 	 	109	  	
Net investment gains (losses)	  	 	1	  	 	 	(10	) 	 	 	(11	) 	 	 	(20	) 	
Insurance and investment product fees and other	  	 	3	  	 	 	105	  	 	 	(1	) 	 	 	107	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	430	  	 	 	162	  	 	 	(20	) 	 	 	572	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 			 	
Benefits and other changes in policy reserves	  	 	102	  	 	 	14	  	 	 	—  	  	 	 	116	  	
Interest credited	  	 	—  	  	 	 	58	  	 	 	—  	  	 	 	58	  	
Acquisition and operating expenses, net of deferrals	  	 	235	  	 	 	40	  	 	 	15	  	 	 	290	  	
Amortization of deferred acquisition costs and intangibles	  	 	60	  	 	 	21	  	 	 	1	  	 	 	82	  	
Interest expense	  	 	24	  	 	 	1	  	 	 	164	  	 	 	189	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	421	  	 	 	134	  	 	 	180	  	 	 	735	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	9	  	 	 	28	  	 	 	(200	) 	 	 	(163	) 	
Provision (benefit) for income taxes	  	 	(1	) 	 	 	5	  	 	 	(77	) 	 	 	(73	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	10	  	 	 	23	  	 	 	(123	) 	 	 	(90	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	10	  	 	 	23	  	 	 	(123	) 	 	 	(90	) 	
				 	
ADJUSTMENT TO NET INCOME (LOSS):	  				 				 				 			 	
Net investment (gains) losses, net	  	 	(1	) 	 	 	4	  	 	 	8	  	 	 	11	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	9	  	 	$	27	  	 	$	(115	) 	 	$	(79	) 	

Effective tax rate (operating income (loss))	  	 	-13.1	% 	 	 	20.2	% 	 	 	38.7	% 	 	 	45.9	% 	
Six months ended June 30, 2013	  	International
Protection Segment	 	 	Runoff Segment	 	 	Corporate and Other (1) 	 	 	Total	 	
REVENUES:	  				 				 				 			 	
Premiums	  	$	319	  	 	$	3	  	 	$	—  	  	 	$	322	  	
Net investment income	  	 	64	  	 	 	68	  	 	 	5	  	 	 	137	  	
Net investment gains (losses)	  	 	22	  	 	 	(68	) 	 	 	(15	) 	 	 	(61	) 	
Insurance and investment product fees and other	  	 	2	  	 	 	109	  	 	 	42	  	 	 	153	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	407	  	 	 	112	  	 	 	32	  	 	 	551	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 			 	
Benefits and other changes in policy reserves	  	 	80	  	 	 	14	  	 	 	—  	  	 	 	94	  	
Interest credited	  	 	—  	  	 	 	61	  	 	 	—  	  	 	 	61	  	
Acquisition and operating expenses, net of deferrals	  	 	220	  	 	 	42	  	 	 	57	  	 	 	319	  	
Amortization of deferred acquisition costs and intangibles	  	 	54	  	 	 	(5	) 	 	 	7	  	 	 	56	  	
Interest expense	  	 	25	  	 	 	1	  	 	 	157	  	 	 	183	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	379	  	 	 	113	  	 	 	221	  	 	 	713	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	28	  	 	 	(1	) 	 	 	(189	) 	 	 	(162	) 	
Provision (benefit) for income taxes	  	 	9	  	 	 	3	  	 	 	(66	) 	 	 	(54	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	19	  	 	 	(4	) 	 	 	(123	) 	 	 	(108	) 	
Income (loss) from discontinued operations, net of taxes	  	 	—  	  	 	 	—  	  	 	 	(14	) 	 	 	(14	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	19	  	 	 	(4	) 	 	 	(137	) 	 	 	(122	) 	
				 	
ADJUSTMENTS TO NET INCOME (LOSS):	  				 				 				 			 	
Net investment (gains) losses, net	  	 	(15	) 	 	 	26	  	 	 	10	  	 	 	21	  	
Expenses related to restructuring, net	  	 	3	  	 	 	—  	  	 	 	—  	  	 	 	3	  	
(Income) loss from discontinued operations, net of taxes	  	 	—  	  	 	 	—  	  	 	 	14	  	 	 	14	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	7	  	 	$	22	  	 	$	(113	) 	 	$	(84	) 	

Effective tax rate (operating income (loss))	  	 	28.2	% 	 	 	43.8	% 	 	 	35.1	% 	 	 	32.8	% 	

(1)  	Includes inter-segment eliminations and non-core products.	
 
54

Table of Contents
International Protection Segment
 
55

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
Net Operating Income and Sales—International Protection Segment
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				
Premiums	  	$	199	  	  	$	175	  	 	$	374	  	 	$	158	  	 	$	159	  	 	$	154	  	 	$	165	  	 	$	636	  	
Net investment income	  	 	22	  	  	 	30	  	 	 	52	  	 	 	29	  	 	 	26	  	 	 	31	  	 	 	33	  	 	 	119	  	
Net investment gains (losses)	  	 	—  	  	  	 	1	  	 	 	1	  	 	 	4	  	 	 	1	  	 	 	16	  	 	 	6	  	 	 	27	  	
Insurance and investment product fees and other	  	 	2	  	  	 	1	  	 	 	3	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	4	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	223	  	  	 	207	  	 	 	430	  	 	 	192	  	 	 	187	  	 	 	202	  	 	 	205	  	 	 	786	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	56	  	  	 	46	  	 	 	102	  	 	 	39	  	 	 	40	  	 	 	41	  	 	 	39	  	 	 	159	  	
Interest credited	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	  	 	126	  	  	 	109	  	 	 	235	  	 	 	107	  	 	 	106	  	 	 	110	  	 	 	110	  	 	 	433	  	
Amortization of deferred acquisition costs and intangibles	  	 	30	  	  	 	30	  	 	 	60	  	 	 	27	  	 	 	25	  	 	 	26	  	 	 	28	  	 	 	106	  	
Interest expense	  	 	9	  	  	 	15	  	 	 	24	  	 	 	8	  	 	 	9	  	 	 	11	  	 	 	14	  	 	 	42	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	221	  	  	 	200	  	 	 	421	  	 	 	181	  	 	 	180	  	 	 	188	  	 	 	191	  	 	 	740	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
I NCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	2	  	  	 	7	  	 	 	9	  	 	 	11	  	 	 	7	  	 	 	14	  	 	 	14	  	 	 	46	  	
Provision (benefit) for income taxes	  	 	—  	  	  	 	(1	) 	 	 	(1	) 	 	 	(5	) 	 	 	3	  	 	 	5	  	 	 	4	  	 	 	7	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	2	  	  	 	8	  	 	 	10	  	 	 	16	  	 	 	4	  	 	 	9	  	 	 	10	  	 	 	39	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	—  	  	  	 	(1	) 	 	 	(1	) 	 	 	(3	) 	 	 	—  	  	 	 	(11	) 	 	 	(4	) 	 	 	(18	) 	
Expenses related to restructuring, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	3	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1)	  	$	2	  	  	$	7	  	 	$	9	  	 	$	13	  	 	$	4	  	 	$	1	  	 	$	6	  	 	$	24	  	

									
Effective tax rate (operating income)	  	 	6.8	% 	  	 	-22.3	% 	 	 	-13.1	% 	 	 	-95.6	% 	 	 	36.7	% 	 	 	38.7	% 	 	 	26.1	% 	 	 	-5.1	% 	
									
Net Premiums Written	  				  				 				 				 				 				 				 				
Northern Europe	  	$	104	  	  	$	115	  	 	$	219	  	 	$	104	  	 	$	113	  	 	$	106	  	 	$	106	  	 	$	429	  	
Southern Europe	  	 	86	  	  	 	108	  	 	 	194	  	 	 	72	  	 	 	71	  	 	 	74	  	 	 	78	  	 	 	295	  	
Structured Deals (2)	  	 	41	  	  	 	30	  	 	 	71	  	 	 	37	  	 	 	37	  	 	 	49	  	 	 	28	  	 	 	151	  	
New Markets	  	 	15	  	  	 	11	  	 	 	26	  	 	 	9	  	 	 	9	  	 	 	14	  	 	 	21	  	 	 	53	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Pre-Deposit Accounting Basis (3) 	  	 	246	  	  	 	264	  	 	 	510	  	 	 	222	  	 	 	230	  	 	 	243	  	 	 	233	  	 	 	928	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Deposit Accounting Adjustments	  	 	47	  	  	 	68	  	 	 	115	  	 	 	70	  	 	 	76	  	 	 	94	  	 	 	80	  	 	 	320	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total (4)	  	$	199	  	  	$	196	  	 	$	395	  	 	$	152	  	 	$	154	  	 	$	149	  	 	$	153	  	 	$	608	  	

Loss Ratio	  	 	28	% 	  	 	26	% 	 	 	27	% 	 	 	25	% 	 	 	25	% 	 	 	26	% 	 	 	24	% 	 	 	25	% 	
 
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)  	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $2 million and $9 million for the three and six months ended June 30, 2014, respectively.	
(2)  	Structured deals represent in-force blocks of business acquired through reinsurance arrangements and ongoing reciprocal arrangements in place with certain clients.	
(3)  	This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the net premiums written activity as if these reinsurance agreements, except for the reciprocal arrangements, were accounted for as reinsurance accounting (“pre-deposit accounting basis”) and not as deposit accounting. While this is a non-GAAP measure, management believes that “net premiums written on a pre-deposit accounting basis” represent an economic view of written premiums and enhances the understanding of the underlying performance of the business. However, net premiums written on a pre-deposit accounting basis is not a substitute for net premiums written determined in accordance with GAAP.	
(4)  	Net premiums written adjusted for foreign exchange as compared to the prior year period for the International Protection segment were $188 million and $381 million for the three and six months ended June 30, 2014, respectively.	
 
56

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income (Pre-Deposit Accounting Basis)—International Protection Segment
(amounts in millions)

 	 	2Q 2014	 	 	1Q 2014	 	 	Total 2014	 	
 	 	Reported	 	 	Deposit
Accounting
Adjustments	 	 	Pre-Deposit
Accounting
Basis	 	 	Reported	 	 	Deposit
Accounting
Adjustments	 	 	Pre-Deposit
Accounting
Basis	 	 	Reported	 	 	Deposit
Accounting
Adjustments	 	 	Pre-Deposit
Accounting
Basis	 	
REVENUES:	 				 				 				 				 				 				 				 				 				
Premiums	 	$	199	  	 	$	41	  	 	$	240	  	 	$	175	  	 	$	43	  	 	$	218	  	 	$	374	  	 	 	84	  	 	$	458	  	
Net investment income	 	 	22	  	 	 	(7	) 	 	 	15	  	 	 	30	  	 	 	(10	) 	 	 	20	  	 	 	52	  	 	 	(17	) 	 	 	35	  	
Net investment gains (losses)	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	
Insurance and investment product fees and other	 	 	2	  	 	 	—  	  	 	 	2	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	3	  	 	 	—  	  	 	 	3	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	223	  	 	 	34	  	 	 	257	  	 	 	207	  	 	 	33	  	 	 	240	  	 	 	430	  	 	 	67	  	 	 	497	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	56	  	 	 	20	  	 	 	76	  	 	 	46	  	 	 	20	  	 	 	66	  	 	 	102	  	 	 	40	  	 	 	142	  	
Interest credited	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	 	 	126	  	 	 	8	  	 	 	134	  	 	 	109	  	 	 	9	  	 	 	118	  	 	 	235	  	 	 	17	  	 	 	252	  	
Amortization of deferred acquisition costs and intangibles	 	 	30	  	 	 	9	  	 	 	39	  	 	 	30	  	 	 	10	  	 	 	40	  	 	 	60	  	 	 	19	  	 	 	79	  	
Interest expense	 	 	9	  	 	 	(3	) 	 	 	6	  	 	 	15	  	 	 	(6	) 	 	 	9	  	 	 	24	  	 	 	(9	) 	 	 	15	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	221	  	 	 	34	  	 	 	255	  	 	 	200	  	 	 	33	  	 	 	233	  	 	 	421	  	 	 	67	  	 	 	488	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	2	  	 	 	—  	  	 	 	2	  	 	 	7	  	 	 	—  	  	 	 	7	  	 	 	9	  	 	 	—  	  	 	 	9	  	
Provision (benefit) for income taxes	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	2	  	 	 	—  	  	 	 	2	  	 	 	8	  	 	 	—  	  	 	 	8	  	 	 	10	  	 	 	—  	  	 	 	10	  	
										
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1)   	 	$	2	  	 	$	—  	  	 	$	2	  	 	$	7	  	 	$	—  	  	 	$	7	  	 	$	9	  	 	$	—  	  	 	$	9	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income) 	 	 	6.8	%  	 				 	 	6.8	%  	 	 	-22.3	%  	 				 	 	-22.3	%  	 	 	-13.1	%  	 				 	 	-13.1	%  	
										
Other Metrics:	 				 				 				 				 				 				 				 				 				
Premiums 	 	$	199	  	 	$	41	  	 	$	240	  	 	$	175	  	 	$	43	  	 	$	218	  	 	 	374	  	 	$	84	  	 	$	458	  	
Benefits and other changes in policy reserves	 	 	56	  	 	 	20	  	 	 	76	  	 	 	46	  	 	 	20	  	 	 	66	  	 	 	102	  	 	 	40	  	 	 	142	  	
Commissions (2) 	 	 	96	  	 	 	8	  	 	 	104	  	 	 	81	  	 	 	9	  	 	 	90	  	 	 	177	  	 	 	17	  	 	 	194	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Margin before profit sharing 	 	 	47	  	 	 	13	  	 	 	60	  	 	 	48	  	 	 	14	  	 	 	62	  	 	 	95	  	 	 	27	  	 	 	122	  	
Profit share (2) 	 	 	18	  	 	 	10	  	 	 	28	  	 	 	19	  	 	 	9	  	 	 	28	  	 	 	37	  	 	 	19	  	 	 	56	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Underwriting profit (3) 	 	$	29	  	 	$	3	  	 	$	32	  	 	$	29	  	 	$	5	  	 	$	34	  	 	$	58	  	 	$	8	  	 	$	66	  	

Loss Ratio 	 	 	28	% 	 				 	 	32	% 	 	 	26	% 	 				 	 	30	% 	 	 	27	% 	 				 	 	31	% 	
										
Underwriting Margin  (3 )  	 	 	15	% 	 				 	 	13	% 	 	 	17	% 	 				 	 	16	% 	 	 	16	% 	 				 	 	14	% 	
										
Combined Ratio  (4)  	 	 	107	% 	 				 	 	104	% 	 	 	106	% 	 				 	 	103	% 	 	 	106	% 	 				 	 	103	% 	
This page is provided as supplemental analysis related to the lifestyle protection insurance business. This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the income statement activity as if these reinsurance agreements, except for the reciprocal arrangements, were accounted for as reinsurance accounting (“pre-deposit accounting basis”) and not as deposit accounting. There is no impact on net income available to Genworth Financial, Inc.’s common stockholders or to segment net operating income. While “pre-deposit accounting basis” is a non-GAAP measure, management believes that it represents an economic view of the underlying performance of the business. However, pre-deposit accounting basis is not a substitute for income statement activity determined in accordance with GAAP.
The ratios included above were calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

(1)  	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $2 million and $9 million for the three and six months ended June 30, 2014, respectively.	
(2)  	Commissions include commissions which are included above in acquisition and operating expenses, net of deferrals, and amortization of DAC.	
(3)  	The underwriting margin is calculated as underwriting profit divided by net earned premiums.	
(4)  	The combined ratio is calculated as benefits and other changes in policy reserves, commissions (including amortization of DAC), profit share and other operating expenses divided by net earned premiums.	
 
57

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Net Operating Income (Pre-Deposit Accounting Basis)—International Protection Segment
(amounts in millions)

 	 	4Q 2013	 	 	3Q 2013	 	 	2Q 2013	 	 	1Q 2013	 	 	Total 2013	 	
 	 	Reported	 	 	Deposit
Accounting
Adjustments	 	 	Pre-Deposit
Accounting
Basis	 	 	Reported	 	 	Deposit
Accounting
Adjustments	 	 	Pre-Deposit
Accounting
Basis	 	 	Reported	 	 	Deposit
Accounting
Adjustments	 	 	Pre-Deposit
Accounting
Basis	 	 	Reported	 	 	Deposit
Accounting
Adjustments	 	 	Pre-Deposit
Accounting
Basis	 	 	Reported	 	 	Deposit
Accounting
Adjustments	 	 	Pre-Deposit
Accounting
Basis	 	
REVENUES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Premiums	 	$	158	  	 	$	43	  	 	$	201	  	 	$	159	  	 	$	47	  	 	$	206	  	 	$	154	  	 	$	52	  	 	$	206	  	 	$	165	  	 	$	62	  	 	$	227	  	 	$	636	  	 	$	204	  	 	$	840	  	
Net investment income	 	 	29	  	 	 	(8	) 	 	 	21	  	 	 	26	  	 	 	(6	) 	 	 	20	  	 	 	31	  	 	 	(9	) 	 	 	22	  	 	 	33	  	 	 	(11	) 	 	 	22	  	 	 	119	  	 	 	(34	) 	 	 	85	  	
Net investment gains (losses)	 	 	4	  	 	 	—  	  	 	 	4	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	16	  	 	 	—  	  	 	 	16	  	 	 	6	  	 	 	—  	  	 	 	6	  	 	 	27	  	 	 	—  	  	 	 	27	  	
Insurance and investment product fees and other	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	4	  	 	 	—  	  	 	 	4	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	192	  	 	 	35	  	 	 	227	  	 	 	187	  	 	 	41	  	 	 	228	  	 	 	202	  	 	 	43	  	 	 	245	  	 	 	205	  	 	 	51	  	 	 	256	  	 	 	786	  	 	 	170	  	 	 	956	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	39	  	 	 	15	  	 	 	54	  	 	 	40	  	 	 	22	  	 	 	62	  	 	 	41	  	 	 	21	  	 	 	62	  	 	 	39	  	 	 	33	  	 	 	72	  	 	 	159	  	 	 	91	  	 	 	250	  	
Interest credited	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	 	 	107	  	 	 	11	  	 	 	118	  	 	 	106	  	 	 	6	  	 	 	112	  	 	 	110	  	 	 	13	  	 	 	123	  	 	 	110	  	 	 	9	  	 	 	119	  	 	 	433	  	 	 	39	  	 	 	472	  	
Amortization of deferred acquisition costs and intangibles	 	 	27	  	 	 	8	  	 	 	35	  	 	 	25	  	 	 	13	  	 	 	38	  	 	 	26	  	 	 	11	  	 	 	37	  	 	 	28	  	 	 	14	  	 	 	42	  	 	 	106	  	 	 	46	  	 	 	152	  	
Interest expense	 	 	8	  	 	 	1	  	 	 	9	  	 	 	9	  	 	 	—  	  	 	 	9	  	 	 	11	  	 	 	(2	) 	 	 	9	  	 	 	14	  	 	 	(5	) 	 	 	9	  	 	 	42	  	 	 	(6	) 	 	 	36	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	181	  	 	 	35	  	 	 	216	  	 	 	180	  	 	 	41	  	 	 	221	  	 	 	188	  	 	 	43	  	 	 	231	  	 	 	191	  	 	 	51	  	 	 	242	  	 	 	740	  	 	 	170	  	 	 	910	  	

I NCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	11	  	 	 	—  	  	 	 	11	  	 	 	7	  	 	 	—  	  	 	 	7	  	 	 	14	  	 	 	—  	  	 	 	14	  	 	 	14	  	 	 	—  	  	 	 	14	  	 	 	46	  	 	 	—  	  	 	 	46	  	
Provision (benefit) for income taxes	 	 	(5	) 	 	 	—  	  	 	 	(5	) 	 	 	3	  	 	 	—  	  	 	 	3	  	 	 	5	  	 	 	—  	  	 	 	5	  	 	 	4	  	 	 	—  	  	 	 	4	  	 	 	7	  	 	 	—  	  	 	 	7	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	16	  	 	 	—  	  	 	 	16	  	 	 	4	  	 	 	—  	  	 	 	4	  	 	 	9	  	 	 	—  	  	 	 	9	  	 	 	10	  	 	 	—  	  	 	 	10	  	 	 	39	  	 	 	—  	  	 	 	39	  	
																
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	(3	) 	 	 	—  	  	 	 	(3	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(11	) 	 	 	—  	  	 	 	(11	) 	 	 	(4	) 	 	 	—  	  	 	 	(4	) 	 	 	(18	) 	 	 	—  	  	 	 	(18	) 	
Expenses related to restructuring, net	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	3	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	 	$	13	  	 	$	—  	  	 	$	13	  	 	$	4	  	 	$	—  	  	 	$	4	  	 	$	1	  	 	$	—  	  	 	$	1	  	 	$	6	  	 	$	—  	  	 	$	6	  	 	$	24	  	 	$	—  	  	 	$	24	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income)	 	 	-95.6	% 	 				 	 	-95.6	% 	 	 	36.7	% 	 				 	 	36.7	% 	 	 	38.7	% 	 				 	 	38.7	% 	 	 	26.1	% 	 				 	 	26.1	% 	 	 	-5.1	% 	 				 	 	-5.1	% 	
																
Other Metrics:	 				 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Premiums	 	$	158	  	 	$	43	  	 	$	201	  	 	$	159	  	 	$	47	  	 	$	206	  	 	$	154	  	 	$	52	  	 	$	206	  	 	$	165	  	 	$	62	  	 	$	227	  	 	$	636	  	 	$	204	  	 	$	840	  	
Benefits and other changes in policy reserves	 	 	39	  	 	 	15	  	 	 	54	  	 	 	40	  	 	 	22	  	 	 	62	  	 	 	41	  	 	 	21	  	 	 	62	  	 	 	39	  	 	 	33	  	 	 	72	  	 	 	159	  	 	 	91	  	 	 	250	  	
Commissions (1)	 	 	74	  	 	 	10	  	 	 	84	  	 	 	75	  	 	 	12	  	 	 	87	  	 	 	75	  	 	 	11	  	 	 	86	  	 	 	80	  	 	 	12	  	 	 	92	  	 	 	304	  	 	 	45	  	 	 	349	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Margin before profit sharing	 	 	45	  	 	 	18	  	 	 	63	  	 	 	44	  	 	 	13	  	 	 	57	  	 	 	38	  	 	 	20	  	 	 	58	  	 	 	46	  	 	 	17	  	 	 	63	  	 	 	173	  	 	 	68	  	 	 	241	  	
Profit share (1)	 	 	20	  	 	 	10	  	 	 	30	  	 	 	18	  	 	 	8	  	 	 	26	  	 	 	18	  	 	 	13	  	 	 	31	  	 	 	18	  	 	 	11	  	 	 	29	  	 	 	74	  	 	 	42	  	 	 	116	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Underwriting profit (2)	 	$	25	  	 	$	8	  	 	$	33	  	 	$	26	  	 	$	5	  	 	$	31	  	 	$	20	  	 	$	7	  	 	$	27	  	 	$	28	  	 	$	6	  	 	$	34	  	 	$	99	  	 	$	26	  	 	$	125	  	

Loss Ratio	 	 	25	% 	 				 	 	27	% 	 	 	25	% 	 				 	 	30	% 	 	 	26	% 	 				 	 	30	% 	 	 	24	% 	 				 	 	32	% 	 	 	25	% 	 				 	 	30	% 	
																
Underwriting Margin (2)	 	 	16	% 	 				 	 	16	% 	 	 	16	% 	 				 	 	15	% 	 	 	13	% 	 				 	 	13	% 	 	 	17	% 	 				 	 	15	% 	 	 	16	% 	 				 	 	15	% 	
																
Combined Ratio (3)	 	 	109	% 	 				 	 	103	% 	 	 	108	% 	 				 	 	103	% 	 	 	115	% 	 				 	 	108	% 	 	 	107	% 	 				 	 	103	% 	 	 	110	% 	 				 	 	104	% 	
This page is provided as supplemental analysis related to the lifestyle protection insurance business. This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the income statement activity as if these reinsurance agreements, except for the reciprocal arrangements, were accounted for as reinsurance accounting (“pre-deposit accounting basis”) and not as deposit accounting. There is no impact on net income available to Genworth Financial, Inc.’s common stockholders or to segment net operating income. While “pre-deposit accounting basis” is a non-GAAP measure, management believes that it represents an economic view of the underlying performance of the business. However, pre-deposit accounting basis is not a substitute for income statement activity determined in accordance with GAAP.
The ratios included above were calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

(1)  	Commissions include commissions which are included above in acquisition and operating expenses, net of deferrals, and amortization of DAC.	
(2)  	The underwriting margin is calculated as underwriting profit divided by net earned premiums.	
(3)  	The combined ratio is calculated as benefits and other changes in policy reserves, commissions (including amortization of DAC), profit share and other operating expenses divided by net earned premiums.	
 
58

Table of Contents
Runoff Segment
 
59

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
Net Operating Income—Runoff Segment
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				
Premiums	  	$	1	  	  	$	1	  	 	$	2	  	 	$	1	  	 	$	1	  	 	$	2	  	 	$	1	  	 	$	5	  	
Net investment income	  	 	33	  	  	 	32	  	 	 	65	  	 	 	38	  	 	 	33	  	 	 	34	  	 	 	34	  	 	 	139	  	
Net investment gains (losses)	  	 	3	  	  	 	(13	) 	 	 	(10	) 	 	 	24	  	 	 	(14	) 	 	 	(20	) 	 	 	(48	) 	 	 	(58	) 	
Insurance and investment product fees and other	  	 	52	  	  	 	53	  	 	 	105	  	 	 	54	  	 	 	53	  	 	 	53	  	 	 	56	  	 	 	216	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	89	  	  	 	73	  	 	 	162	  	 	 	117	  	 	 	73	  	 	 	69	  	 	 	43	  	 	 	302	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	6	  	  	 	8	  	 	 	14	  	 	 	9	  	 	 	9	  	 	 	10	  	 	 	4	  	 	 	32	  	
Interest credited	  	 	29	  	  	 	29	  	 	 	58	  	 	 	30	  	 	 	28	  	 	 	29	  	 	 	32	  	 	 	119	  	
Acquisition and operating expenses, net of deferrals	  	 	20	  	  	 	20	  	 	 	40	  	 	 	21	  	 	 	18	  	 	 	22	  	 	 	20	  	 	 	81	  	
Amortization of deferred acquisition costs and intangibles	  	 	10	  	  	 	11	  	 	 	21	  	 	 	9	  	 	 	2	  	 	 	8	  	 	 	(13	) 	 	 	6	  	
Interest expense	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	2	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	66	  	  	 	68	  	 	 	134	  	 	 	70	  	 	 	57	  	 	 	70	  	 	 	43	  	 	 	240	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	23	  	  	 	5	  	 	 	28	  	 	 	47	  	 	 	16	  	 	 	(1	) 	 	 	—  	  	 	 	62	  	
Provision (benefit) for income taxes	  	 	5	  	  	 	—  	  	 	 	5	  	 	 	15	  	 	 	(5	) 	 	 	—  	  	 	 	3	  	 	 	13	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	18	  	  	 	5	  	 	 	23	  	 	 	32	  	 	 	21	  	 	 	(1	) 	 	 	(3	) 	 	 	49	  	
	 								
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(3	) 	  	 	7	  	 	 	4	  	 	 	(13	) 	 	 	4	  	 	 	7	  	 	 	19	  	 	 	17	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	15	  	  	$	12	  	 	$	27	  	 	$	19	  	 	$	25	  	 	$	6	  	 	$	16	  	 	$	66	  	

Effective tax rate (operating income)	  	 	16.1	% 	  	 	25.1	% 	 	 	20.2	% 	 	 	28.1	% 	 	 	-6.9	% 	 	 	40.9	% 	 	 	44.8	% 	 	 	25.5	% 	
 
60

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Selected Operating Performance Measures—Runoff Segment
(amounts in millions)

 	 	2014	 	 	2013	 	
 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Variable Annuities—Income Distribution Series	 			 	 				 				 				 				 				 				 				
Account value, beginning of the period	 	$	5,990	  	 	$	6,061	  	 	$	6,061	  	 	$	6,044	  	 	$	5,983	  	 	$	6,202	  	 	$	6,141	  	 	$	6,141	  	
Deposits	 	 	13	  	 	 	16	  	 	 	29	  	 	 	19	  	 	 	19	  	 	 	18	  	 	 	20	  	 	 	76	  	
Surrenders, benefits and product charges	 	 	(210	) 	 	 	(198	) 	 	 	(408	) 	 	 	(212	) 	 	 	(186	) 	 	 	(183	) 	 	 	(173	) 	 	 	(754	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	 	 	(197	) 	 	 	(182	) 	 	 	(379	) 	 	 	(193	) 	 	 	(167	) 	 	 	(165	) 	 	 	(153	) 	 	 	(678	) 	
Interest credited and investment performance	 	 	191	  	 	 	111	  	 	 	302	  	 	 	210	  	 	 	228	  	 	 	(54	) 	 	 	214	  	 	 	598	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	 	 	5,984	  	 	 	5,990	  	 	 	5,984	  	 	 	6,061	  	 	 	6,044	  	 	 	5,983	  	 	 	6,202	  	 	 	6,061	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Traditional Variable Annuities	 			 	 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of the period	 	 	1,598	  	 	 	1,643	  	 	 	1,643	  	 	 	1,620	  	 	 	1,601	  	 	 	1,674	  	 	 	1,662	  	 	 	1,662	  	
Deposits	 	 	4	  	 	 	3	  	 	 	7	  	 	 	4	  	 	 	4	  	 	 	2	  	 	 	3	  	 	 	13	  	
Surrenders, benefits and product charges	 	 	(80	) 	 	 	(78	) 	 	 	(158	) 	 	 	(71	) 	 	 	(67	) 	 	 	(80	) 	 	 	(81	) 	 	 	(299	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	 	 	(76	) 	 	 	(75	) 	 	 	(151	) 	 	 	(67	) 	 	 	(63	) 	 	 	(78	) 	 	 	(78	) 	 	 	(286	) 	
Interest credited and investment performance	 	 	61	  	 	 	30	  	 	 	91	  	 	 	90	  	 	 	82	  	 	 	5	  	 	 	90	  	 	 	267	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of the period	 	 	1,583	  	 	 	1,598	  	 	 	1,583	  	 	 	1,643	  	 	 	1,620	  	 	 	1,601	  	 	 	1,674	  	 	 	1,643	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Variable Life Insurance	 			 	 				 				 				 				 				 				 				
Account value, beginning of the period	 	 	313	  	 	 	316	  	 	 	316	  	 	 	302	  	 	 	293	  	 	 	301	  	 	 	292	  	 	 	292	  	
Deposits	 	 	2	  	 	 	2	  	 	 	4	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	9	  	
Surrenders, benefits and product charges	 	 	(8	) 	 	 	(11	) 	 	 	(19	) 	 	 	(9	) 	 	 	(10	) 	 	 	(11	) 	 	 	(9	) 	 	 	(39	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	 	 	(6	) 	 	 	(9	) 	 	 	(15	) 	 	 	(6	) 	 	 	(8	) 	 	 	(9	) 	 	 	(7	) 	 	 	(30	) 	
Interest credited and investment performance	 	 	10	  	 	 	6	  	 	 	16	  	 	 	20	  	 	 	17	  	 	 	1	  	 	 	16	  	 	 	54	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	 	 	317	  	 	 	313	  	 	 	317	  	 	 	316	  	 	 	302	  	 	 	293	  	 	 	301	  	 	 	316	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	 	$	7,884	  	 	$	7,901	  	 	$	7,884	  	 	$	8,020	  	 	$	7,966	  	 	$	7,877	  	 	$	8,177	  	 	$	8,020	  	

Guaranteed Investment Contracts, Funding Agreements Backing Notes and Funding Agreements	 				 				 				 				 				 				 				 				
Account value, beginning of the period	 	$	891	  	 	$	896	  	 	$	896	  	 	$	1,036	  	 	$	1,077	  	 	$	1,970	  	 	$	2,153	  	 	$	2,153	  	
Surrenders and benefits	 	 	(225	) 	 	 	(7	) 	 	 	(232	) 	 	 	(142	) 	 	 	(43	) 	 	 	(900	) 	 	 	(167	) 	 	 	(1,252	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	 	 	(225	) 	 	 	(7	) 	 	 	(232	) 	 	 	(142	) 	 	 	(43	) 	 	 	(900	) 	 	 	(167	) 	 	 	(1,252	) 	
Interest credited	 	 	1	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	7	  	 	 	15	  	 	 	26	  	
Foreign currency translation	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(31	) 	 	 	(31	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	 	$	667	  	 	$	891	  	 	$	667	  	 	$	896	  	 	$	1,036	  	 	$	1,077	  	 	$	1,970	  	 	$	896	  	

 
61

Table of Contents
Corporate and Other
 
62

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
Net Operating Loss—Corporate and Other  (1) 
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				
Premiums	  	$	—  	  	  	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	 	$	—  	  	
Net investment income	  	 	1	  	  	 	(9	) 	 	 	(8	) 	 	 	—  	  	 	 	(6	) 	 	 	3	  	 	 	2	  	 	 	(1	) 	
Net investment gains (losses)	  	 	(6	) 	  	 	(5	) 	 	 	(11	) 	 	 	(9	) 	 	 	(11	) 	 	 	(5	) 	 	 	(10	) 	 	 	(35	) 	
Insurance and investment product fees and other	  	 	(1	) 	  	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	2	  	 	 	(1	) 	 	 	43	  	 	 	44	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	(6	) 	  	 	(14	) 	 	 	(20	) 	 	 	(9	) 	 	 	(15	) 	 	 	(3	) 	 	 	35	  	 	 	8	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Interest credited	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	  	 	9	  	  	 	6	  	 	 	15	  	 	 	7	  	 	 	38	  	 	 	8	  	 	 	49	  	 	 	102	  	
Amortization of deferred acquisition costs and intangibles	  	 	—  	  	  	 	1	  	 	 	1	  	 	 	(1	) 	 	 	1	  	 	 	4	  	 	 	3	  	 	 	7	  	
Interest expense	  	 	81	  	  	 	83	  	 	 	164	  	 	 	80	  	 	 	81	  	 	 	77	  	 	 	80	  	 	 	318	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	90	  	  	 	90	  	 	 	180	  	 	 	86	  	 	 	120	  	 	 	89	  	 	 	132	  	 	 	427	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(96	) 	  	 	(104	) 	 	 	(200	) 	 	 	(95	) 	 	 	(135	) 	 	 	(92	) 	 	 	(97	) 	 	 	(419	) 	
Benefit for income taxes	  	 	(28	) 	  	 	(49	) 	 	 	(77	) 	 	 	(24	) 	 	 	(20	) 	 	 	(33	) 	 	 	(33	) 	 	 	(110	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS 	  	 	(68	) 	  	 	(55	) 	 	 	(123	) 	 	 	(71	) 	 	 	(115	) 	 	 	(59	) 	 	 	(64	) 	 	 	(309	) 	
Income (loss) from discontinued operations, net of taxes (2)	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	6	  	 	 	(20	) 	 	 	(12	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET LOSS 	  	 	(68	) 	  	 	(55	) 	 	 	(123	) 	 	 	(71	) 	 	 	(113	) 	 	 	(53	) 	 	 	(84	) 	 	 	(321	) 	
	 								
ADJUSTMENTS TO NET LOSS:	  			 	  				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	4	  	  	 	4	  	 	 	8	  	 	 	6	  	 	 	7	  	 	 	4	  	 	 	6	  	 	 	23	  	
(Gains) losses on early extinguishment of debt, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	20	  	 	 	—  	  	 	 	—  	  	 	 	20	  	
(Income) loss from discontinued operations, net of taxes	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	(6	) 	 	 	20	  	 	 	12	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING LOSS 	  	$	(64	) 	  	$	(51	) 	 	$	(115	) 	 	$	(65	) 	 	$	(88	) 	 	$	(55	) 	 	$	(58	) 	 	$	(266	) 	

Effective tax rate (operating loss)	  	 	28.8	%  	  	 	47.8	%  	 	 	38.7	%  	 	 	24.8	%  	 	 	6.3	%  	 	 	36.7	%  	 	 	33.5	%  	 	 	24.9	%  	

(1)  	Includes inter-segment eliminations and non-core products.	
(2)  	Operating results associated with discontinued operations related to the wealth management business prior to the sale on August 30, 2013.	
 
63

Table of Contents
Additional Financial Data
 
64

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Investments Summary
(amounts in millions)

 	 	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	September 30, 2013	 	 	June 30, 2013	 	
 	 	 	 	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	 	$	36,726	  	 	 	48	% 	 	$	35,526	  	 	 	48	% 	 	$	34,666	  	 	 	48	% 	 	$	35,503	  	 	 	49	% 	 	$	34,486	  	 	 	48	% 	
Private fixed maturity securities	 	 	11,608	  	 	 	15	  	 	 	11,125	  	 	 	15	  	 	 	10,563	  	 	 	15	  	 	 	10,277	  	 	 	14	  	 	 	10,368	  	 	 	14	  	
Residential mortgage-backed securities (1)	 	 	5,057	  	 	 	7	  	 	 	4,945	  	 	 	7	  	 	 	5,069	  	 	 	7	  	 	 	5,187	  	 	 	7	  	 	 	5,282	  	 	 	7	  	
Commercial mortgage-backed securities	 	 	2,630	  	 	 	3	  	 	 	2,656	  	 	 	4	  	 	 	2,639	  	 	 	4	  	 	 	2,520	  	 	 	4	  	 	 	2,533	  	 	 	4	  	
Other asset-backed securities	 	 	3,700	  	 	 	5	  	 	 	3,343	  	 	 	4	  	 	 	3,119	  	 	 	4	  	 	 	2,992	  	 	 	4	  	 	 	2,655	  	 	 	4	  	
Tax-exempt	 	 	353	  	 	 	—  	  	 	 	317	  	 	 	—  	  	 	 	295	  	 	 	—  	  	 	 	263	  	 	 	—  	  	 	 	262	  	 	 	—  	  	
Non-investment grade fixed maturity securities	 	 	2,286	  	 	 	3	  	 	 	2,332	  	 	 	3	  	 	 	2,278	  	 	 	3	  	 	 	2,344	  	 	 	3	  	 	 	2,422	  	 	 	3	  	
Equity securities:	 				 			 	 				 				 				 				 				 				 				 				
Common stocks and mutual funds	 	 	227	  	 	 	—  	  	 	 	260	  	 	 	—  	  	 	 	258	  	 	 	—  	  	 	 	303	  	 	 	1	  	 	 	332	  	 	 	1	  	
Preferred stocks	 	 	93	  	 	 	—  	  	 	 	89	  	 	 	—  	  	 	 	83	  	 	 	—  	  	 	 	76	  	 	 	—  	  	 	 	79	  	 	 	—  	  	
Commercial mortgage loans	 	 	5,986	  	 	 	8	  	 	 	5,894	  	 	 	8	  	 	 	5,899	  	 	 	8	  	 	 	5,858	  	 	 	8	  	 	 	5,831	  	 	 	8	  	
Restricted commercial mortgage loans related to securitization entities	 	 	217	  	 	 	—  	  	 	 	227	  	 	 	—  	  	 	 	233	  	 	 	—  	  	 	 	290	  	 	 	—  	  	 	 	309	  	 	 	—  	  	
Policy loans	 	 	1,514	  	 	 	2	  	 	 	1,438	  	 	 	2	  	 	 	1,434	  	 	 	2	  	 	 	1,668	  	 	 	2	  	 	 	1,671	  	 	 	2	  	
Cash, cash equivalents and short-term investments	 	 	4,220	  	 	 	5	  	 	 	4,492	  	 	 	6	  	 	 	4,434	  	 	 	6	  	 	 	3,767	  	 	 	5	  	 	 	3,777	  	 	 	5	  	
Securities lending	 	 	277	  	 	 	—  	  	 	 	261	  	 	 	—  	  	 	 	187	  	 	 	—  	  	 	 	154	  	 	 	—  	  	 	 	163	  	 	 	—  	  	
Other invested assets:	 	Limited partnerships	 	 	263	  	 	 	1	  	 	 	267	  	 	 	—  	  	 	 	282	  	 	 	1	  	 	 	297	  	 	 	1	  	 	 	318	  	 	 	1	  	
	 	Derivatives:	 				 			 	 				 				 				 				 				 				 				 				
	 	Long-term care (LTC) forward starting swap—cash flow	 	 	197	  	 	 	—  	  	 	 	137	  	 	 	—  	  	 	 	79	  	 	 	—  	  	 	 	147	  	 	 	—  	  	 	 	166	  	 	 	—  	  	
	 	Other cash flow	 	 	20	  	 	 	—  	  	 	 	30	  	 	 	—  	  	 	 	46	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	3	  	 	 	—  	  	
	 	Fair value	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	
	 	Equity index options—non-qualified	 	 	4	  	 	 	—  	  	 	 	11	  	 	 	—  	  	 	 	13	  	 	 	—  	  	 	 	6	  	 	 	—  	  	 	 	13	  	 	 	—  	  	
	 	Other non—qualified	 	 	395	  	 	 	1	  	 	 	352	  	 	 	1	  	 	 	332	  	 	 	1	  	 	 	370	  	 	 	1	  	 	 	397	  	 	 	1	  	
	 	Trading portfolio	 	 	226	  	 	 	—  	  	 	 	247	  	 	 	—  	  	 	 	239	  	 	 	—  	  	 	 	278	  	 	 	—  	  	 	 	287	  	 	 	—  	  	
	 	Counterparty collateral	 	 	417	  	 	 	1	  	 	 	355	  	 	 	1	  	 	 	199	  	 	 	—  	  	 	 	272	  	 	 	—  	  	 	 	377	  	 	 	1	  	
	 	Restricted other invested assets related to securitization entities	 	 	404	  	 	 	1	  	 	 	398	  	 	 	1	  	 	 	391	  	 	 	1	  	 	 	392	  	 	 	1	  	 	 	392	  	 	 	1	  	
	 	Other	 	 	82	  	 	 	—  	  	 	 	83	  	 	 	—  	  	 	 	88	  	 	 	—  	  	 	 	85	  	 	 	—  	  	 	 	87	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total invested assets and cash	 	$	76,902	  	 	 	100	% 	 	$	74,785	  	 	 	100	% 	 	$	72,827	  	 	 	100	% 	 	$	73,053	  	 	 	100	% 	 	$	72,211	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Public Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	15,552	  	 	 	33	% 	 	$	15,338	  	 	 	34	% 	 	$	15,148	  	 	 	34	% 	 	$	15,859	  	 	 	35	% 	 	$	15,928	  	 	 	36	% 	
AA	 		 	 	5,056	  	 	 	11	  	 	 	4,759	  	 	 	10	  	 	 	4,627	  	 	 	11	  	 	 	4,776	  	 	 	11	  	 	 	4,204	  	 	 	10	  	
A	 		 	 	13,470	  	 	 	29	  	 	 	12,920	  	 	 	29	  	 	 	12,488	  	 	 	28	  	 	 	12,674	  	 	 	28	  	 	 	12,530	  	 	 	28	  	
BBB	 		 	 	11,162	  	 	 	24	  	 	 	10,847	  	 	 	24	  	 	 	10,720	  	 	 	24	  	 	 	10,426	  	 	 	23	  	 	 	10,044	  	 	 	23	  	
BB	 		 	 	1,232	  	 	 	3	  	 	 	1,251	  	 	 	3	  	 	 	1,148	  	 	 	3	  	 	 	1,134	  	 	 	3	  	 	 	1,096	  	 	 	3	  	
B	 		 	 	82	  	 	 	—  	  	 	 	87	  	 	 	—  	  	 	 	132	  	 	 	—  	  	 	 	128	  	 	 	—  	  	 	 	145	  	 	 	—  	  	
CCC and lower	 		 	 	113	  	 	 	—  	  	 	 	114	  	 	 	—  	  	 	 	112	  	 	 	—  	  	 	 	130	  	 	 	—  	  	 	 	182	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total public fixed maturity securities	 	$	46,667	  	 	 	100	% 	 	$	45,316	  	 	 	100	% 	 	$	44,375	  	 	 	100	% 	 	$	45,127	  	 	 	100	% 	 	$	44,129	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Private Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	1,636	  	 	 	10	% 	 	$	1,554	  	 	 	10	% 	 	$	1,483	  	 	 	11	% 	 	$	1,453	  	 	 	10	% 	 	$	1,326	  	 	 	10	% 	
AA	 		 	 	1,800	  	 	 	12	  	 	 	1,661	  	 	 	11	  	 	 	1,570	  	 	 	11	  	 	 	1,551	  	 	 	11	  	 	 	1,499	  	 	 	11	  	
A	 		 	 	5,027	  	 	 	32	  	 	 	4,593	  	 	 	31	  	 	 	4,331	  	 	 	30	  	 	 	4,247	  	 	 	31	  	 	 	4,198	  	 	 	30	  	
BBB	 		 	 	6,371	  	 	 	40	  	 	 	6,240	  	 	 	42	  	 	 	5,984	  	 	 	42	  	 	 	5,756	  	 	 	41	  	 	 	5,857	  	 	 	42	  	
BB	 		 	 	723	  	 	 	5	  	 	 	740	  	 	 	5	  	 	 	736	  	 	 	5	  	 	 	798	  	 	 	6	  	 	 	819	  	 	 	6	  	
B	 		 	 	57	  	 	 	—  	  	 	 	57	  	 	 	—  	  	 	 	56	  	 	 	—  	  	 	 	63	  	 	 	—  	  	 	 	83	  	 	 	—  	  	
CCC and lower	 		 	 	79	  	 	 	1	  	 	 	83	  	 	 	1	  	 	 	94	  	 	 	1	  	 	 	91	  	 	 	1	  	 	 	97	  	 	 	1	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total private fixed maturity securities	 	$	15,693	  	 	 	100	% 	 	$	14,928	  	 	 	100	% 	 	$	14,254	  	 	 	100	% 	 	$	13,959	  	 	 	100	% 	 	$	13,879	  	 	 	100	% 	

 

(1)  	The company does not have any material exposure to residential mortgage-backed securities collateralized debt obligations (CDOs).	
(2)  	Nationally Recognized Statistical Rating Organizations.	
 
65

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
 Fixed Maturity Securities Summary
(amounts in millions)

 	  	June 30, 2014	 	  	March 31, 2014	 	 	December 31, 2013	 	 	September 30, 2013	 	 	June 30, 2013	 	
 	  	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	  	$	5,483	  	  	 	9	% 	  	$	5,214	  	  	 	9	% 	 	$	4,810	  	  	 	8	% 	 	$	5,325	  	  	 	9	% 	 	$	5,048	  	  	 	9	% 	
Tax-exempt	  	 	353	  	  	 	1	  	  	 	317	  	  	 	—  	  	 	 	295	  	  	 	—  	  	 	 	263	  	  	 	—  	  	 	 	262	  	  	 	—  	  	
Foreign government	  	 	2,132	  	  	 	3	  	  	 	2,153	  	  	 	4	  	 	 	2,146	  	  	 	4	  	 	 	2,232	  	  	 	4	  	 	 	2,247	  	  	 	4	  	
U.S. corporate	  	 	26,847	  	  	 	43	  	  	 	26,060	  	  	 	43	  	 	 	25,035	  	  	 	43	  	 	 	24,782	  	  	 	42	  	 	 	24,742	  	  	 	43	  	
Foreign corporate	  	 	15,749	  	  	 	25	  	  	 	15,141	  	  	 	25	  	 	 	15,071	  	  	 	26	  	 	 	15,276	  	  	 	26	  	 	 	14,618	  	  	 	25	  	
Residential mortgage-backed securities	  	 	5,212	  	  	 	8	  	  	 	5,102	  	  	 	8	  	 	 	5,225	  	  	 	9	  	 	 	5,397	  	  	 	9	  	 	 	5,590	  	  	 	10	  	
Commercial mortgage-backed securities	  	 	2,845	  	  	 	5	  	  	 	2,881	  	  	 	5	  	 	 	2,898	  	  	 	5	  	 	 	2,790	  	  	 	5	  	 	 	2,814	  	  	 	5	  	
Other asset-backed securities	  	 	3,739	  	  	 	6	  	  	 	3,376	  	  	 	6	  	 	 	3,149	  	  	 	5	  	 	 	3,021	  	  	 	5	  	 	 	2,687	  	  	 	4	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	62,360	  	  	 	100	% 	  	$	60,244	  	  	 	100	% 	 	$	58,629	  	  	 	100	% 	 	$	59,086	  	  	 	100	% 	 	$	58,008	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Corporate Bond Holdings—Industry Sector:	  				  			 	  				  				 				  				 				  				 				  				
Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	$	7,908	  	  	 	19	% 	  	$	7,506	  	  	 	19	% 	 	$	7,382	  	  	 	19	% 	 	$	7,344	  	  	 	19	% 	 	$	7,167	  	  	 	19	% 	
Utilities and energy	  	 	9,890	  	  	 	24	  	  	 	9,494	  	  	 	24	  	 	 	9,213	  	  	 	24	  	 	 	9,084	  	  	 	24	  	 	 	9,097	  	  	 	24	  	
Consumer—non-cyclical	  	 	4,825	  	  	 	12	  	  	 	4,837	  	  	 	12	  	 	 	4,669	  	  	 	12	  	 	 	4,722	  	  	 	12	  	 	 	4,674	  	  	 	12	  	
Consumer—cyclical	  	 	2,408	  	  	 	6	  	  	 	2,337	  	  	 	6	  	 	 	2,282	  	  	 	6	  	 	 	2,185	  	  	 	6	  	 	 	2,157	  	  	 	6	  	
Capital goods	  	 	2,402	  	  	 	6	  	  	 	2,335	  	  	 	6	  	 	 	2,238	  	  	 	6	  	 	 	2,276	  	  	 	6	  	 	 	2,332	  	  	 	6	  	
Industrial	  	 	2,885	  	  	 	7	  	  	 	2,734	  	  	 	7	  	 	 	2,595	  	  	 	7	  	 	 	2,592	  	  	 	7	  	 	 	2,507	  	  	 	7	  	
Technology and communications	  	 	3,066	  	  	 	8	  	  	 	2,978	  	  	 	8	  	 	 	2,867	  	  	 	8	  	 	 	2,928	  	  	 	8	  	 	 	2,864	  	  	 	8	  	
Transportation	  	 	1,702	  	  	 	4	  	  	 	1,653	  	  	 	4	  	 	 	1,595	  	  	 	4	  	 	 	1,593	  	  	 	4	  	 	 	1,550	  	  	 	4	  	
Other	  	 	5,699	  	  	 	14	  	  	 	5,469	  	  	 	14	  	 	 	5,471	  	  	 	14	  	 	 	5,534	  	  	 	14	  	 	 	5,245	  	  	 	14	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	40,785	  	  	 	100	% 	  	 	39,343	  	  	 	100	% 	 	 	38,312	  	  	 	100	% 	 	 	38,258	  	  	 	100	% 	 	 	37,593	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Non-Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	 	306	  	  	 	17	% 	  	 	332	  	  	 	18	% 	 	 	337	  	  	 	19	% 	 	 	376	  	  	 	21	% 	 	 	376	  	  	 	21	% 	
Utilities and energy	  	 	338	  	  	 	19	  	  	 	335	  	  	 	18	  	 	 	297	  	  	 	16	  	 	 	338	  	  	 	19	  	 	 	332	  	  	 	19	  	
Consumer—non-cyclical	  	 	217	  	  	 	12	  	  	 	229	  	  	 	12	  	 	 	194	  	  	 	11	  	 	 	170	  	  	 	9	  	 	 	186	  	  	 	11	  	
Consumer—cyclical	  	 	55	  	  	 	3	  	  	 	60	  	  	 	3	  	 	 	71	  	  	 	4	  	 	 	107	  	  	 	6	  	 	 	107	  	  	 	6	  	
Capital goods	  	 	297	  	  	 	16	  	  	 	291	  	  	 	15	  	 	 	295	  	  	 	16	  	 	 	272	  	  	 	15	  	 	 	250	  	  	 	14	  	
Industrial	  	 	252	  	  	 	14	  	  	 	254	  	  	 	14	  	 	 	267	  	  	 	15	  	 	 	243	  	  	 	14	  	 	 	236	  	  	 	13	  	
Technology and communications	  	 	318	  	  	 	17	  	  	 	330	  	  	 	18	  	 	 	316	  	  	 	18	  	 	 	257	  	  	 	14	  	 	 	234	  	  	 	13	  	
Transportation	  	 	16	  	  	 	1	  	  	 	15	  	  	 	1	  	 	 	5	  	  	 	—  	  	 	 	26	  	  	 	1	  	 	 	29	  	  	 	2	  	
Other	  	 	12	  	  	 	1	  	  	 	12	  	  	 	1	  	 	 	12	  	  	 	1	  	 	 	11	  	  	 	1	  	 	 	17	  	  	 	1	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	1,811	  	  	 	100	% 	  	 	1,858	  	  	 	100	% 	 	 	1,794	  	  	 	100	% 	 	 	1,800	  	  	 	100	% 	 	 	1,767	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	42,596	  	  	 	100	% 	  	$	41,201	  	  	 	100	% 	 	$	40,106	  	  	 	100	% 	 	$	40,058	  	  	 	100	% 	 	$	39,360	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Fixed Maturity Securities—Contractual Maturity Dates:	  				  			 	  				  				 				  				 				  				 				  				
	 	 									
Due in one year or less	  	$	2,784	  	  	 	4	% 	  	$	3,118	  	  	 	5	% 	 	$	2,974	  	  	 	5	% 	 	$	2,772	  	  	 	5	% 	 	$	2,670	  	  	 	4	% 	
Due after one year through five years	  	 	10,701	  	  	 	17	  	  	 	10,257	  	  	 	17	  	 	 	10,187	  	  	 	17	  	 	 	10,563	  	  	 	18	  	 	 	10,313	  	  	 	18	  	
Due after five years through ten years	  	 	13,401	  	  	 	22	  	  	 	12,915	  	  	 	21	  	 	 	12,526	  	  	 	22	  	 	 	12,570	  	  	 	21	  	 	 	11,880	  	  	 	20	  	
Due after ten years	  	 	23,678	  	  	 	38	  	  	 	22,595	  	  	 	38	  	 	 	21,670	  	  	 	37	  	 	 	21,973	  	  	 	37	  	 	 	22,054	  	  	 	38	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	50,564	  	  	 	81	  	  	 	48,885	  	  	 	81	  	 	 	47,357	  	  	 	81	  	 	 	47,878	  	  	 	81	  	 	 	46,917	  	  	 	80	  	
Mortgage and asset-backed securities	  	 	11,796	  	  	 	19	  	  	 	11,359	  	  	 	19	  	 	 	11,272	  	  	 	19	  	 	 	11,208	  	  	 	19	  	 	 	11,091	  	  	 	20	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	62,360	  	  	 	100	% 	  	$	60,244	  	  	 	100	% 	 	$	58,629	  	  	 	100	% 	 	$	59,086	  	  	 	100	% 	 	$	58,008	  	  	 	100	% 	

 
66

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
 Commercial Mortgage Loans Summary
(amounts in millions)

 	  	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	September 30, 2013	 	 	June 30, 2013	 	
 	  	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	
Geographic Region	  				 			 	 				 				 				 				 				 				 				 				
Pacific	  	$	1,607	  	 	 	27	% 	 	$	1,601	  	 	 	27	% 	 	$	1,590	  	 	 	27	% 	 	$	1,624	  	 	 	28	% 	 	$	1,621	  	 	 	28	% 	
South Atlantic	  	 	1,565	  	 	 	26	  	 	 	1,526	  	 	 	26	  	 	 	1,535	  	 	 	26	  	 	 	1,558	  	 	 	26	  	 	 	1,515	  	 	 	26	  	
Middle Atlantic	  	 	812	  	 	 	13	  	 	 	823	  	 	 	14	  	 	 	828	  	 	 	14	  	 	 	792	  	 	 	13	  	 	 	780	  	 	 	13	  	
Mountain	  	 	514	  	 	 	9	  	 	 	494	  	 	 	8	  	 	 	478	  	 	 	8	  	 	 	462	  	 	 	8	  	 	 	466	  	 	 	8	  	
East North Central	  	 	409	  	 	 	7	  	 	 	399	  	 	 	7	  	 	 	404	  	 	 	7	  	 	 	384	  	 	 	7	  	 	 	389	  	 	 	7	  	
West North Central	  	 	366	  	 	 	6	  	 	 	370	  	 	 	6	  	 	 	377	  	 	 	6	  	 	 	366	  	 	 	6	  	 	 	368	  	 	 	6	  	
New England	  	 	350	  	 	 	6	  	 	 	335	  	 	 	6	  	 	 	337	  	 	 	6	  	 	 	327	  	 	 	6	  	 	 	340	  	 	 	6	  	
West South Central	  	 	254	  	 	 	4	  	 	 	238	  	 	 	4	  	 	 	241	  	 	 	4	  	 	 	237	  	 	 	4	  	 	 	247	  	 	 	4	  	
East South Central	  	 	136	  	 	 	2	  	 	 	138	  	 	 	2	  	 	 	142	  	 	 	2	  	 	 	143	  	 	 	2	  	 	 	142	  	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	6,013	  	 	 	100	% 	 	 	5,924	  	 	 	100	% 	 	 	5,932	  	 	 	100	% 	 	 	5,893	  	 	 	100	% 	 	 	5,868	  	 	 	100	% 	
	  				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	
Allowance for losses	  	 	(27	) 	 			 	 	 	(30	) 	 				 	 	(33	) 	 				 	 	(36	) 	 				 	 	(38	) 	 				
Unamortized fees and costs	  	 	—  	  	 			 	 	 	—  	  	 				 	 	—  	  	 				 	 	1	  	 				 	 	1	  	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	$	5,986	  	 			 	 	$	5,894	  	 				 	$	5,899	  	 				 	$	5,858	  	 				 	$	5,831	  	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Property Type	  				 			 	 				 				 				 				 				 				 				 				
Retail	  	$	2,162	  	 	 	36	% 	 	$	2,103	  	 	 	36	% 	 	$	2,073	  	 	 	35	% 	 	$	2,005	  	 	 	34	% 	 	$	2,000	  	 	 	34	% 	
Industrial	  	 	1,585	  	 	 	26	  	 	 	1,580	  	 	 	27	  	 	 	1,581	  	 	 	27	  	 	 	1,571	  	 	 	27	  	 	 	1,565	  	 	 	27	  	
Office	  	 	1,533	  	 	 	26	  	 	 	1,509	  	 	 	25	  	 	 	1,558	  	 	 	26	  	 	 	1,610	  	 	 	27	  	 	 	1,585	  	 	 	27	  	
Apartments	  	 	480	  	 	 	8	  	 	 	493	  	 	 	8	  	 	 	491	  	 	 	8	  	 	 	473	  	 	 	8	  	 	 	490	  	 	 	8	  	
Mixed use/other	  	 	253	  	 	 	4	  	 	 	239	  	 	 	4	  	 	 	229	  	 	 	4	  	 	 	234	  	 	 	4	  	 	 	228	  	 	 	4	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	6,013	  	 	 	100	% 	 	 	5,924	  	 	 	100	% 	 	 	5,932	  	 	 	100	% 	 	 	5,893	  	 	 	100	% 	 	 	5,868	  	 	 	100	% 	
	  				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	
Allowance for losses	  	 	(27	) 	 			 	 	 	(30	) 	 				 	 	(33	) 	 				 	 	(36	) 	 				 	 	(38	) 	 				
Unamortized fees and costs	  	 	—  	  	 			 	 	 	—  	  	 				 	 	—  	  	 				 	 	1	  	 				 	 	1	  	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	$	5,986	  	 			 	 	$	5,894	  	 				 	$	5,899	  	 				 	$	5,858	  	 				 	$	5,831	  	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Allowance for Losses on Commercial Mortgage Loans	  				 			 	 				 				 				 				 				 				 				 				
Beginning balance	  	$	30	  	 			 	 	$	33	  	 				 	$	36	  	 				 	$	38	  	 				 	$	40	  	 				
Release	  	 	(3	) 	 			 	 	 	(3	) 	 				 	 	(3	) 	 				 	 	(2	) 	 				 	 	(2	) 	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Ending balance	  	$	27	  	 			 	 	$	30	  	 				 	$	33	  	 				 	$	36	  	 				 	$	38	  	 				

 
67

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
Commercial Mortgage Loans Summary
(amounts in millions)

 	  	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	September 30, 2013	 	 	June 30, 2013	 	
Loan Size	  	Principal
Balance	 	  	% of
Total	 	 	Principal
Balance	 	  	% of
Total	 	 	Principal
Balance	 	  	% of
Total	 	 	Principal
Balance	 	  	% of
Total	 	 	Principal
Balance	 	  	% of
Total	 	
Under $5 million	  	$	2,415	  	  	 	40	% 	 	$	2,405	  	  	 	41	% 	 	$	2,435	  	  	 	41	% 	 	$	2,393	  	  	 	41	% 	 	$	2,384	  	  	 	41	% 	
$5 million but less than $10 million	  	 	1,687	  	  	 	28	  	 	 	1,645	  	  	 	28	  	 	 	1,638	  	  	 	28	  	 	 	1,594	  	  	 	27	  	 	 	1,594	  	  	 	27	  	
$10 million but less than $20 million	  	 	1,380	  	  	 	23	  	 	 	1,376	  	  	 	23	  	 	 	1,358	  	  	 	23	  	 	 	1,315	  	  	 	22	  	 	 	1,321	  	  	 	23	  	
$20 million but less than $30 million	  	 	232	  	  	 	4	  	 	 	204	  	  	 	3	  	 	 	205	  	  	 	3	  	 	 	227	  	  	 	4	  	 	 	204	  	  	 	3	  	
$30 million and over	  	 	299	  	  	 	5	  	 	 	294	  	  	 	5	  	 	 	296	  	  	 	5	  	 	 	364	  	  	 	6	  	 	 	365	  	  	 	6	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	6,013	  	  	 	100	% 	 	$	5,924	  	  	 	100	% 	 	$	5,932	  	  	 	100	% 	 	$	5,893	  	  	 	100	% 	 	$	5,868	  	  	 	100	% 	

Commercial Mortgage Loan Information by Vintage as of June 30, 2014
(loan amounts in millions)

Loan Year	  	Total
Recorded
Investment (1) 	 	  	Number of
Loans	 	  	Average Balance
Per Loan	 	  	Loan-To-Value (2) 	 	 	Delinquent
Principal
Balance	 	  	Number of
Delinquent
Loans	 	  	Average
Balance Per
Delinquent Loan	 	
2004 and prior	  	$	835	  	  	 	437	  	  	$	2	  	  	 	40	% 	 	$	—  	  	  	 	—  	  	  	$	—  	  	
2005	  	 	980	  	  	 	244	  	  	$	4	  	  	 	55	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2006	  	 	918	  	  	 	235	  	  	$	4	  	  	 	62	% 	 	 	33	  	  	 	6	  	  	$	5	  	
2007	  	 	788	  	  	 	153	  	  	$	5	  	  	 	68	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2008	  	 	234	  	  	 	51	  	  	$	5	  	  	 	67	% 	 	 	6	  	  	 	1	  	  	$	6	  	
2009	  	 	—  	  	  	 	—  	  	  	$	—  	  	  	 	—  	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2010	  	 	132	  	  	 	60	  	  	$	2	  	  	 	44	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2011	  	 	268	  	  	 	53	  	  	$	5	  	  	 	57	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2012	  	 	657	  	  	 	96	  	  	$	7	  	  	 	63	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2013	  	 	855	  	  	 	138	  	  	$	6	  	  	 	66	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2014	  	 	346	  	  	 	61	  	  	$	—  	  	  	 	68	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
	  	 	 	 	  	 	 	 	  				  				 	 	 	 	  	 	 	 	  				
Total	  	$	6,013	  	  	 	1,528	  	  	$	4	  	  	 	59	% 	 	$	39	  	  	 	7	  	  	$	5	  	

(1)  	Total recorded investment reflects the balance sheet carrying value gross of related allowance and the unamortized balance of loan origination fees and costs.	
(2)  	Represents weighted-average loan-to-value as of June 30, 2014.	
 
68

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 General Account GAAP Net Investment Income Yields
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
GAAP Net Investment Income	  			 	  				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	$	666	  	  	$	648	  	 	$	1,314	  	 	$	663	  	 	$	651	  	 	$	672	  	 	$	656	  	 	$	2,642	  	
Fixed maturity securities—non-taxable	  	 	3	  	  	 	3	  	 	 	6	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	9	  	
Commercial mortgage loans	  	 	81	  	  	 	83	  	 	 	164	  	 	 	91	  	 	 	81	  	 	 	81	  	 	 	82	  	 	 	335	  	
Restricted commercial mortgage loans related to securitization entities	  	 	4	  	  	 	4	  	 	 	8	  	 	 	1	  	 	 	8	  	 	 	7	  	 	 	7	  	 	 	23	  	
Equity securities	  	 	4	  	  	 	4	  	 	 	8	  	 	 	4	  	 	 	3	  	 	 	6	  	 	 	4	  	 	 	17	  	
Other invested assets	  	 	26	  	  	 	39	  	 	 	65	  	 	 	33	  	 	 	33	  	 	 	33	  	 	 	46	  	 	 	145	  	
Limited partnerships	  	 	13	  	  	 	11	  	 	 	24	  	 	 	24	  	 	 	8	  	 	 	6	  	 	 	2	  	 	 	40	  	
Restricted other invested assets related to securitization entities	  	 	1	  	  	 	1	  	 	 	2	  	 	 	4	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	4	  	
Policy loans	  	 	32	  	  	 	31	  	 	 	63	  	 	 	32	  	 	 	33	  	 	 	32	  	 	 	32	  	 	 	129	  	
Cash, cash equivalents and short-term investments	  	 	7	  	  	 	5	  	 	 	12	  	 	 	4	  	 	 	4	  	 	 	5	  	 	 	7	  	 	 	20	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	837	  	  	 	829	  	 	 	1,666	  	 	 	858	  	 	 	824	  	 	 	844	  	 	 	838	  	 	 	3,364	  	
Expenses and fees	  	 	(24	) 	  	 	(24	) 	 	 	(48	) 	 	 	(23	) 	 	 	(23	) 	 	 	(23	) 	 	 	(24	) 	 	 	(93	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	$	813	  	  	$	805	  	 	$	1,618	  	 	$	835	  	 	$	801	  	 	$	821	  	 	$	814	  	 	$	3,271	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Annualized Yields	  			 	  				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	 	4.7	% 	  	 	4.6	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.9	% 	 	 	4.7	% 	 	 	4.8	% 	
Fixed maturity securities—non-taxable	  	 	3.5	% 	  	 	3.7	% 	 	 	3.6	% 	 	 	2.6	% 	 	 	4.2	% 	 	 	2.9	% 	 	 	2.7	% 	 	 	3.1	% 	
Commercial mortgage loans	  	 	5.5	% 	  	 	5.6	% 	 	 	5.5	% 	 	 	6.2	% 	 	 	5.5	% 	 	 	5.5	% 	 	 	5.6	% 	 	 	5.7	% 	
Restricted commercial mortgage loans related to securitization entities	  	 	6.7	% 	  	 	7.0	% 	 	 	7.1	% 	 	 	1.5	% 	 	 	10.5	% 	 	 	8.6	% 	 	 	8.4	% 	 	 	7.6	% 	
Equity securities	  	 	5.3	% 	  	 	5.1	% 	 	 	5.2	% 	 	 	4.7	% 	 	 	3.2	% 	 	 	5.7	% 	 	 	3.4	% 	 	 	4.2	% 	
Other invested assets	  	 	40.5	% 	  	 	56.9	% 	 	 	49.3	% 	 	 	44.9	% 	 	 	42.1	% 	 	 	29.4	% 	 	 	28.3	% 	 	 	32.8	% 	
Limited partnerships (1)	  	 	19.6	% 	  	 	16.1	% 	 	 	17.7	% 	 	 	33.2	% 	 	 	10.4	% 	 	 	7.5	% 	 	 	2.4	% 	 	 	12.8	% 	
Restricted other invested assets related to securitization entities	  	 	1.0	% 	  	 	1.0	% 	 	 	1.0	% 	 	 	4.2	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	1.1	% 	
Policy loans	  	 	8.7	% 	  	 	8.6	% 	 	 	8.6	% 	 	 	8.3	% 	 	 	7.9	% 	 	 	7.8	% 	 	 	8.0	% 	 	 	8.1	% 	
Cash, cash equivalents and short-term investments	  	 	0.6	% 	  	 	0.4	% 	 	 	0.5	% 	 	 	0.4	% 	 	 	0.4	% 	 	 	0.5	% 	 	 	0.7	% 	 	 	0.5	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	4.7	% 	  	 	4.7	% 	 	 	4.7	% 	 	 	4.9	% 	 	 	4.8	% 	 	 	4.9	% 	 	 	4.8	% 	 	 	4.8	% 	
Expenses and fees	  	 	-0.1	% 	  	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	 	4.6	% 	  	 	4.6	% 	 	 	4.6	% 	 	 	4.8	% 	 	 	4.7	% 	 	 	4.8	% 	 	 	4.7	% 	 	 	4.7	% 	

Yields are based on net investment income as reported under GAAP and are consistent with how the company measures its investment performance for management purposes. Yields are annualized, for interim periods, and are calculated as net investment income as a percentage of average quarterly asset carrying values except for fixed maturity and equity securities, derivatives and derivative counterparty collateral, which exclude unrealized fair value adjustments and securities lending activity, which is included in other invested assets and is calculated net of the corresponding securities lending liability. See page 73 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.	
 
69

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail (1)
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net realized gains (losses) on available-for-sale securities:	  			 	  				 				 				 				 				 				 				
Fixed maturity securities:	  			 	  				 				 				 				 				 				 				
U.S. corporate	  	$	(6	) 	  	$	(9	) 	 	$	(15	) 	 	$	(5	) 	 	$	1	  	 	$	22	  	 	$	4	  	 	$	22	  	
U.S. government, agencies and government-sponsored enterprises	  	 	2	  	  	 	—  	  	 	 	2	  	 	 	5	  	 	 	2	  	 	 	1	  	 	 	—  	  	 	 	8	  	
Foreign corporate	  	 	13	  	  	 	(2	) 	 	 	11	  	 	 	1	  	 	 	—  	  	 	 	8	  	 	 	1	  	 	 	10	  	
Foreign government	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	2	  	 	 	(2	) 	 	 	8	  	 	 	4	  	 	 	12	  	
Tax-exempt	  	 	—  	  	  	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	(2	) 	
Mortgage-backed securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	(9	) 	 	 	(15	) 	 	 	(20	) 	 	 	(46	) 	
Asset-backed securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(6	) 	 	 	(5	) 	 	 	(11	) 	 	 	(8	) 	 	 	(30	) 	
Equity securities	  	 	6	  	  	 	1	  	 	 	7	  	 	 	5	  	 	 	6	  	 	 	8	  	 	 	3	  	 	 	22	  	
Foreign exchange	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities	  	 	16	  	  	 	(11	) 	 	 	5	  	 	 	—  	  	 	 	(7	) 	 	 	21	  	 	 	(18	) 	 	 	(4	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:	  			 	  				 				 				 				 				 				 				
Sub-prime residential mortgage-backed securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	(2	) 	 	 	(4	) 	
Commercial mortgage-backed securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	(1	) 	 	 	(2	) 	 	 	(1	) 	 	 	(6	) 	
Corporate fixed maturity securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(4	) 	 	 	(4	) 	
Commercial mortgage loans	  	 	(1	) 	  	 	(1	) 	 	 	(2	) 	 	 	—  	  	 	 	(1	) 	 	 	(2	) 	 	 	—  	  	 	 	(3	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments	  	 	(1	) 	  	 	(1	) 	 	 	(2	) 	 	 	(3	) 	 	 	(3	) 	 	 	(4	) 	 	 	(7	) 	 	 	(17	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized gains (losses) on trading securities	  	 	5	  	  	 	8	  	 	 	13	  	 	 	(5	) 	 	 	(5	) 	 	 	(11	) 	 	 	6	  	 	 	(15	) 	
Derivative instruments	  	 	(4	) 	  	 	(14	) 	 	 	(18	) 	 	 	9	  	 	 	(12	) 	 	 	(2	) 	 	 	(27	) 	 	 	(32	) 	
Limited partnerships	  	 	(1	) 	  	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	(2	) 	
Commercial mortgage loans held-for-sale market valuation allowance	  	 	2	  	  	 	2	  	 	 	4	  	 	 	(1	) 	 	 	2	  	 	 	1	  	 	 	1	  	 	 	3	  	
Contingent purchase price valuation change	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	1	  	 	 	—  	  	
Net gains (losses) related to securitization entities	  	 	6	  	  	 	4	  	 	 	10	  	 	 	17	  	 	 	13	  	 	 	9	  	 	 	6	  	 	 	45	  	
Other	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes	  	 	23	  	  	 	(12	) 	 	 	11	  	 	 	17	  	 	 	(14	) 	 	 	13	  	 	 	(39	) 	 	 	(23	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes	  	 	1	  	  	 	1	  	 	 	2	  	 	 	—  	  	 	 	4	  	 	 	5	  	 	 	12	  	 	 	21	  	
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes	  	 	(4	) 	  	 	1	  	 	 	(3	) 	 	 	(2	) 	 	 	(3	) 	 	 	(3	) 	 	 	(1	) 	 	 	(9	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net	  	$	20	  	  	$	(10	) 	 	$	10	  	 	$	15	  	 	$	(13	) 	 	$	15	  	 	$	(28	) 	 	$	(11	) 	

 

(1)  	All adjustments for income taxes assume a 35% tax rate.	
 
70

Table of Contents
Reconciliations of Non-GAAP Measures
 
71

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Reconciliation of Operating ROE
(amounts in millions)

Twelve Month Rolling Average ROE	  	Twelve months ended	 	
 	  	June 30,
2014	 	 	March 31,
2014	 	 	December 31,
2013	 	 	September 30,
2013	 	 	June 30,
2013	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended (1)	  	$	676	  	 	$	641	  	 	$	560	  	 	$	520	  	 	$	447	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	11,833	  	 	$	11,699	  	 	$	11,550	  	 	$	11,412	  	 	$	11,302	  	
GAAP Basis ROE (1)/(2)	  	 	5.7	% 	 	 	5.5	% 	 	 	4.8	% 	 	 	4.6	% 	 	 	4.0	% 	
						
Operating ROE	  				 				 				 				 				
Net operating income (loss) for the twelve months ended (1)	  	$	684	  	 	$	659	  	 	$	616	  	 	$	584	  	 	$	562	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	11,833	  	 	$	11,699	  	 	$	11,550	  	 	$	11,412	  	 	$	11,302	  	
Operating ROE (1)/(2)	  	 	5.8	% 	 	 	5.6	% 	 	 	5.3	% 	 	 	5.1	% 	 	 	5.0	% 	
		
Quarterly Average ROE	  	Three months ended	 	
 	  	June 30,
2014	 	 	March 31,
2014	 	 	December 31,
2013	 	 	September 30,
2013	 	 	June 30,
2013	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended (3)	  	$	176	  	 	$	184	  	 	$	208	  	 	$	108	  	 	$	141	  	
Average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	12,051	  	 	$	11,942	  	 	$	11,758	  	 	$	11,606	  	 	$	11,473	  	
Annualized GAAP Quarterly Basis ROE (3)/(4)	  	 	5.8	% 	 	 	6.2	% 	 	 	7.1	% 	 	 	3.7	% 	 	 	4.9	% 	
						
Operating ROE	  				 				 				 				 				
Net operating income (loss) for the period ended (3)	  	$	158	  	 	$	194	  	 	$	193	  	 	$	139	  	 	$	133	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	12,051	  	 	$	11,942	  	 	$	11,758	  	 	$	11,606	  	 	$	11,473	  	
Annualized Operating Quarterly Basis ROE (3)/(4)	  	 	5.2	% 	 	 	6.5	% 	 	 	6.6	% 	 	 	4.8	% 	 	 	4.6	% 	
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 net operating income (loss) divided by average ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) in average ending Genworth Financial, Inc.’s stockholders equity. Management believes that analysis of operating ROE enhances understanding of the efficiency with which the company deploys its capital. However, operating ROE is not a substitute for net income (loss) available to Genworth Financial, Inc.’s common stockholders divided by average ending Genworth Financial, Inc.’s stockholders’ equity determined in accordance with GAAP.

(1)  	The twelve months ended information is derived by adding the four quarters of net income (loss) available to Genworth Financial, Inc.’s common stockholders and net operating income (loss) from page 9 herein.	
(2)  	Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), but including equity related to discontinued operations for the most recent five quarters.	
(3)  	Net income (loss) available to Genworth Financial, Inc.’s common stockholders and net operating income (loss) from page 9 herein.	
(4)  	Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss).	
 
72

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 
 Reconciliation of Core Yield

 	 	 	  	2014	 	 	2013	 	
   	 	(Assets—amounts in billions)	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
	 	Reported—Total Invested Assets and Cash	  	$	76.9	  	  	$	74.8	  	 	$	76.9	  	 	$	72.8	  	 	$	73.1	  	 	$	72.2	  	 	$	76.5	  	 	$	72.8	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Securities lending	  	 	0.3	  	  	 	0.3	  	 	 	0.3	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	
	 	Unrealized gains (losses)	  	 	5.6	  	  	 	4.3	  	 	 	5.6	  	 	 	2.8	  	 	 	3.3	  	 	 	3.7	  	 	 	6.7	  	 	 	2.8	  	
	 	Derivative counterparty collateral	  	 	0.4	  	  	 	0.4	  	 	 	0.4	  	 	 	0.2	  	 	 	0.3	  	 	 	0.4	  	 	 	0.6	  	 	 	0.2	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	Adjusted end of period invested assets and cash	  	$	70.6	  	  	$	69.8	  	 	$	70.6	  	 	$	69.6	  	 	$	69.3	  	 	$	67.9	  	 	$	69.0	  	 	$	69.6	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)	 	Average Invested Assets And Cash Used in Reported Yield Calculation	  	$	70.2	  	  	$	69.7	  	 	$	70.0	  	 	$	69.5	  	 	$	68.6	  	 	$	68.5	  	 	$	69.4	  	 	$	69.0	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	0.2	  	  	 	0.2	  	 	 	0.2	  	 	 	0.3	  	 	 	0.3	  	 	 	0.2	  	 	 	0.3	  	 	 	0.3	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)	 	Average Invested Assets And Cash Used in Core Yield Calculation	  	 	70.0	  	  	 	69.5	  	 	 	69.8	  	 	 	69.2	  	 	 	68.3	  	 	 	68.3	  	 	 	69.1	  	 	 	68.7	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Portfolios supporting floating products and non-recourse funding obligations (2)	  	 	4.2	  	  	 	4.3	  	 	 	4.3	  	 	 	4.4	  	 	 	4.6	  	 	 	5.2	  	 	 	5.7	  	 	 	5.0	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(C)	 	Average Invested Assets And Cash Used in Core Yield (excl. Floating and Non-Recourse Funding) Calculation	  	$	65.8	  	  	$	65.2	  	 	$	65.5	  	 	$	64.8	  	 	$	63.7	  	 	$	63.1	  	 	$	63.4	  	 	$	63.7	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	(Income—amounts in millions)	  			 	  				 				 				 				 				 				 				
(D)	 	Reported—Net Investment Income	  	$	813	  	  	$	805	  	 	$	1,618	  	 	$	835	  	 	$	801	  	 	$	821	  	 	$	814	  	 	$	3,271	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Bond calls and commercial mortgage loan prepayments	  	 	7	  	  	 	10	  	 	 	17	  	 	 	8	  	 	 	15	  	 	 	14	  	 	 	10	  	 	 	47	  	
	 	Reinsurance (3)	  	 	13	  	  	 	22	  	 	 	35	  	 	 	20	  	 	 	17	  	 	 	21	  	 	 	22	  	 	 	80	  	
	 	Other non-core items (4)	  	 	12	  	  	 	5	  	 	 	17	  	 	 	17	  	 	 	4	  	 	 	19	  	 	 	2	  	 	 	42	  	
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	3	  	  	 	3	  	 	 	6	  	 	 	3	  	 	 	4	  	 	 	4	  	 	 	4	  	 	 	15	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(E)	 	Core Net Investment Income	  	 	778	  	  	 	765	  	 	 	1,543	  	 	 	787	  	 	 	761	  	 	 	763	  	 	 	776	  	 	 	3,087	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Investment income from portfolios supporting floating products and non-recourse funding obligations (2)	  	 	23	  	  	 	21	  	 	 	44	  	 	 	27	  	 	 	24	  	 	 	25	  	 	 	25	  	 	 	101	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(F)	 	Core Net Investment Income (excl. Floating and Non-Recourse Funding)	  	$	755	  	  	$	744	  	 	$	1,499	  	 	$	760	  	 	$	737	  	 	$	738	  	 	$	751	  	 	$	2,986	  	

(D) / (A)	 	Reported Yield	  	 	4.63	% 	  	 	4.62	% 	 	 	4.62	% 	 	 	4.81	% 	 	 	4.67	% 	 	 	4.79	% 	 	 	4.69	% 	 	 	4.74	% 	
(E) / (B)	 	Core Yield	  	 	4.45	% 	  	 	4.40	% 	 	 	4.43	% 	 	 	4.55	% 	 	 	4.46	% 	 	 	4.47	% 	 	 	4.49	% 	 	 	4.49	% 	
(F) / (C)	 	Core Yield (excl. Floating and Non-Recourse Funding)	  	 	4.59	% 	  	 	4.56	% 	 	 	4.58	% 	 	 	4.69	% 	 	 	4.63	% 	 	 	4.68	% 	 	 	4.74	% 	 	 	4.68	% 	
	 		  	 	 	 	  				 				 				 				 				 				 				
Notes:	Columns may not add due to rounding. Yields have been annualized.	
Non-GAAP Definition for Core Yield
The company references the non-GAAP financial measure entitled “core yield” as a measure of investment yield. The company defines core yield as the investment yield adjusted for items that do not reflect the underlying performance of the investment portfolio. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield is not a substitute for investment yield determined in accordance with GAAP.

(1)  	Represents the incremental assets and investment income related to restricted commercial mortgage loans and other invested assets.	
(2)  	Floating products refer to institutional products and the non-recourse funding obligations that support certain term and universal life insurance reserves in the company’s life insurance business.	
(3)  	Represents imputed investment income related to reinsurance agreements in the lifestyle protection insurance business.	
(4)  	Includes cost basis adjustments on structured securities, preferred stock income and various other immaterial items.	
 
73

Table of Contents
Corporate Information
 
74

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
 Financial Strength Ratings
The company’s principal life insurance subsidiaries are rated in terms of financial strength by Standard & Poor’s Financial Services LLC (S&P), Moody’s Investors Service, Inc. (Moody’s) and A.M. Best Company, Inc. (A.M. Best) as follows:

Company	  	S&P	  	Moody’s	  	A.M. Best	
Genworth Life Insurance Company	  	A-	  	A3	  	A	
Genworth Life and Annuity Insurance Company	  	A-	  	A3	  	A	
Genworth Life Insurance Company of New York	  	A-	  	A3	  	A	
The company’s principal mortgage insurance subsidiaries are rated in terms of financial strength by S&P and Moody’s as follows:

Company	  	S&P	  	Moody’s	  	 	
Genworth Mortgage Insurance Corporation	  	BB-	  	Ba1	  		
Genworth Residential Mortgage Insurance Corporation of NC	  	BB-	  	Ba1	  		
Genworth Financial Mortgage Insurance Pty. Limited (Australia)	  	AA-	  	A3	  		
Genworth Financial Mortgage Insurance Limited (Europe)	  	BBB-	  	Not rated	  		
Genworth Financial Mortgage Insurance Company Canada (1)	  	AA-	  	Not rated	  		
Genworth Seguros de Credito a la Vivienda S.A. de C.V. (2)	  	Not rated	  	Aa3.mx	  		

(1)  	Genworth Financial Mortgage Insurance Company Canada is also rated “AA” by Dominion Bond Rating Service (DBRS).	
(2)  	Genworth Seguros de Credito a la Vivienda S.A. de C.V. is also rated “Baa3” by Moody’s on a Global Scale Insurance financial strength basis.	
The company’s principal lifestyle protection insurance subsidiaries are rated in terms of financial strength by S&P as follows:

Company	  	S&P	  	 	  	 	
Financial Assurance Company Limited	  	A-	  		  		
Financial Insurance Company Limited	  	A-	  		  		
The S&P, Moody’s, A.M. Best and DBRS 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.
 
75

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2014
Financial Strength Ratings
 
S&P states that an insurer rated “AA” (Very Strong) has very strong financial security characteristics that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments. Insurers rated “AA” (Very Strong), “A” (Strong), “BBB” (Good) or “BB” (Marginal) have very strong, strong, good, or marginal financial security characteristics, respectively. The “AA,” “A,” “BBB” and “BB” ranges are the second-, third-, fourth- and fifth-highest of nine financial strength rating ranges assigned by S&P, which range from “AAA” to “R.” A plus (+) or minus (-) shows relative standing in a rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “CCC” category. Accordingly, the “AA-,” “A-,” “BBB-” and “BB-” ratings are the fourth-, seventh-, tenth- and thirteenth-highest of S&P’s 21 ratings categories.
Moody’s states that insurance companies rated “A” (Good) offer good financial security and that insurance companies rated “Ba” (Questionable) offer questionable financial security. The “A” (Good) and “Ba” (Questionable) ranges are the third- and fifth-highest, respectively, of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the groups, with 1 being the highest and 3 being the lowest. These modifiers are not added to ratings in the “Aaa” category or to ratings below the “Caa” category. Accordingly, the “A3” and “Ba1” ratings are the seventh- and eleventh-highest, respectively, of Moody’s 21 ratings categories. Issuers or issues rated “Aa.mx” demonstrate very strong creditworthiness relative to other issuers in Mexico.
A.M. Best states that the “A” (Excellent) rating is assigned to those companies that have, in its opinion, an excellent ability to meet their ongoing insurance obligations. The “A” (Excellent) rating is the third-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.
S&P, Moody’s, A.M. Best and DBRS 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.
About Genworth Financial
Genworth is a leading financial services company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of its customers, with a presence in more than 25 countries. For more information, visit www.genworth.com.
Inquiries:
Amy Corbin, 804-662-2685
Amy.Corbin@genworth.com
 
76