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

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
February 10, 2015
Date of Report
(Date of earliest event reported)

 

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

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

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

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

 

Item 2.02	Results of Operations and Financial Condition.	
On February 10, 2015, Genworth Financial, Inc. issued (1) a press release announcing its financial results for the quarter ended December 31, 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 December 31, 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 February 10, 2015.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 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: February 10, 2015	 		 	By:	 	/s/ Kelly L. Groh	
	 		 		 	Kelly L. Groh	
	 		 		 	Vice President and Controller	
	 		 		 	(Principal Accounting Officer)	
 
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Exhibit Index

Exhibit
Number	  	Description of Exhibit	
		
99.1	  	Press Release dated February 10, 2015.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 2014.	
 
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Exhibit 99.1

Genworth Financial Announces Fourth Quarter 2014 Results
 
 	•	 	Long Term Care Insurance (LTC) Active Life Margin Review Substantially Complete (Pending Regulatory Filings); Majority Of LTC Block Has Positive Margin But Acquired Blocks And New York Subsidiary Had Negative Margins Resulting In 4Q14 Charges	
 
 	•	 	Commenced Strategic Review Of Businesses	
 
 	•	 	Initial Charges Taken To Rationalize Portfolio	
 
 	•	 	Mortgage Insurance Turnaround Near Complete; Continued Strong Loss Ratio In Australia, Canada And United States	
 
 	•	 	LTC Remains A Priority; Seeking Structural And Regulatory Reform	
 
 	•	 	Retained Solid Capital Positions And Significant Holding Company Liquidity	
Richmond, VA (February 10, 2015) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the period ended December 31, 2014. The company reported a net loss 1 of $760 million, or $1.53 per diluted share, compared with net income of $208 million, or $0.41 per diluted share, in the fourth quarter of 2013. The net operating loss 2 for the fourth quarter of 2014 was $416 million, or $0.84 per diluted share, compared with net operating income of $193 million, or $0.38 per diluted share, in the fourth quarter of 2013.
The company reported a net loss of $1,244 million, or $2.51 per diluted share, in 2014, compared with net income of $560 million, or $1.12 per diluted share, in 2013. The company reported a net operating loss of $381 million, or $0.77 per diluted share, in 2014, compared with net operating income of $616 million, or $1.24 per diluted share, in 2013.
The current quarter results included an after-tax GAAP charge of $478 million related to the LTC active life margin review of its blocks acquired before 1996. Additionally, the company’s New York subsidiary had a preliminary 3 incremental negative margin of $195 million. The company increased statutory reserves by $39 million in the New York subsidiary in the fourth quarter, with the remaining $156 million recognized over the next four years. The remaining LTC blocks have positive margin. The company also recorded non-cash charges of $340 million after-tax reflecting the write off of

1  	Unless otherwise stated, all references in this press release to net income (loss), net income (loss) per share, book value, book value per share and stockholders’ equity should be read as net income (loss) available to Genworth’s common stockholders, net income (loss) 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.	
3  	Preliminary margins as of September 30, 2014 in force – modeled with December 31, 2014 treasury rates.	
 
1

remaining life insurance and LTC goodwill, as well as a tax charge related to a change in its permanent reinvestment assertion in Australia mortgage insurance (MI) and a tax benefit in connection with the company’s plan to sell the lifestyle protection insurance business, which was previously identified as non-core, discussed below.
In response to current market realities, the company is embarking on a multistep restructuring plan targeting cash savings in excess of $100 million pre-tax over the next two years. In January, the company began the consolidation of its U.S. Life Insurance Division and corporate holding company functions, which resulted in the reduction of key leadership positions. In connection with the company’s plan to sell the lifestyle protection insurance business, the company completed an internal debt restructuring recognizing tax benefits of $108 million in the quarter impacting net loss. In addition, while no decisions have been made, the company recognized a tax charge of $174 million as it is no longer asserting its intent to permanently reinvest earnings from Genworth Mortgage Insurance Australia Limited.
“I am disappointed by the continued challenges in our older LTC blocks and how it is overshadowing otherwise strong performance and momentum in other businesses, however we have taken steps on many fronts to deal with these challenges in order to strengthen and rebuild the future. During the quarter we conducted a thorough review of our portfolio, exploring all options to maximize long-term shareholder value. As a result, we are taking proactive measures to leverage our strengths, namely in the Global Mortgage Insurance Division, and rationalize our portfolio including reducing costs and debt levels. These efforts will better position the company for profitable growth, and improve our capital position and return on equity,” said Tom McInerney, President and CEO. “While LTC continues to be challenged, we plan to capitalize on our industry leadership and drive regulatory changes that are necessary to sustain this business long term.”
 
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Consolidated Net Income (Loss) & Net Operating Income (Loss)

 		Three months ended December 31
(Unaudited)	 		 	 	
 		2014	 		2013	 		 	 	
(Amounts in millions, except per share)		Total	 		Per
diluted
share	 		Total	 		Per
diluted
share	 		Total
% change	 	
Net income (loss) available to Genworth’s common stockholders		$	(760	) 		$	(1.53	) 		$	208	 		$	0.41	 		 	NM	4  	
Adjustment: Net income attributable to noncontrolling interests in Australia MI		 	22	 		 	0.04	 		 	N/A	  		 	N/A	  		 	N/A	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
Net income (loss) available to Genworth’s common stockholders before net income attributable to noncontrolling interests in Australia MI 2		$	(738	) 		$	(1.49	) 		$	208	 		$	0.41	 		 	NM	4  	
						
Net operating income (loss)		$	(416	) 		$	(0.84	) 		$	193	 		$	0.38	 		 	NM	4  	
Adjustment: Net operating income attributable to noncontrolling interests in Australia MI		 	21	 		 	0.04	 		 	N/A	  		 	N/A	  		 	N/A	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
Net operating income (loss) before net operating income attributable to noncontrolling interests in Australia MI 2		$	(395	) 		$	(0.79	) 		$	193	 		$	0.38	 		 	NM	4  	
						
Weighted average diluted shares 5		 	496.7	 						 	501.2	 									
Book value per share		$	30.04	 						$	29.08	 									
Book value per share, excluding accumulated other comprehensive income (loss)		$	21.09	 						$	23.95	 									

4  	The company defines “NM” as not meaningful for increases or decreases greater than 200 percent.	
5  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the company’s loss for the three and twelve months ended December 31, 2014, the company was required to use basic weighted average common shares outstanding in the calculation of diluted loss per share, as the inclusion of shares for stock options, restricted stock units and stock appreciation rights would have been antidilutive to the calculation. If the company had not incurred a loss during the three and twelve months ended December 31, 2014, dilutive potential weighted average common shares outstanding would have been 499.9 million and 502.0 million, respectively.	
 
3

Consolidated Net Income (Loss) & Net Operating Income (Loss) 

 		Twelve months ended December 31
(Unaudited)	 		 	 	
 		2014	 		2013	 		 	 	
(Amounts in millions, except per share)		Total	 		Per
diluted
share	 		Total	 		Per
diluted
share	 		Total
% change	 	
Net income (loss) available to Genworth’s common stockholders		$	(1,244	) 		$	(2.51	) 		$	560	 		$	1.12	 		 	NM	4  	
Adjustment: Net income attributable to noncontrolling interests in Australia MI		 	56	 		 	0.11	 		 	N/A	  		 	N/A	  		 	N/A	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
Net income (loss) available to Genworth’s common stockholders before net income attributable to noncontrolling interests in Australia MI 2		$	(1,188	) 		$	(2.39	) 		$	560	 		$	1.12	 		 	NM	4  	
						
Net operating income (loss)		$	(381	) 		$	(0.77	) 		$	616	 		$	1.24	 		 	(162	)% 	
Adjustment: Net operating income attributable to noncontrolling interests in Australia MI		 	55	 		 	0.11	 		 	N/A	  		 	N/A	  		 	N/A	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	
Net operating income (loss) before net operating income attributable to noncontrolling interests in Australia MI 2		$	(326	) 		$	(0.66	) 		$	616	 		$	1.24	 		 	(153	)% 	
						
Weighted average diluted shares 5		 	496.4	 						 	498.7	 									
Book value per share		$	30.04	 						$	29.08	 									
Book value per share, excluding accumulated other comprehensive income (loss)		$	21.09	 						$	23.95	 									
During the fourth quarter of 2014 in connection with the preparation of its financial statements, the company recorded after-tax goodwill impairments of $129 million in the long term care insurance business and $145 million in the life insurance business, in each case, as a result of current market conditions and potential further decreases in sales. The impairments reduced the goodwill of these two businesses to zero.
Net investment losses, net of taxes and other adjustments, were $4 million in the quarter, compared to net investment gains, net of taxes and other adjustments, of $15 million in the prior year.
On May 21, 2014, the company completed the minority initial public offering (IPO) of 33.8 percent of its Australia MI business and as a result, net income attributable to noncontrolling interests in the Australia MI business was $22 million in the quarter. The company’s net loss before net income attributable to noncontrolling interests in the Australia MI business was $738 million, or $1.49 per diluted share, in the fourth quarter of 2014 compared with net income available to Genworth’s common stockholders of $208 million, or $0.41 per diluted share, in the fourth quarter of 2013. The company’s net operating loss before net operating income attributable to noncontrolling interests in the Australia MI business for the fourth quarter of 2014 was $395 million, or $0.79 per diluted share, compared with net operating income of $193 million, or $0.38 per diluted share, in the fourth quarter of 2013.
 
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Net operating income (loss) results are summarized in the table below:
Net Operating Income (Loss)
													
(Amounts in millions)		Q4 14	 		Q3 14	 		Q4 13	 	
U.S. Life Insurance Division:													
U.S. Life Insurance		$	(482	) 		$	(322	) 		$	119	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance Division		 	(482	) 		 	(322	) 		 	119	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Global Mortgage Insurance Division:													
International Mortgage Insurance		 	62	6  		 	87	6  		 	101	 	
U.S. Mortgage Insurance (U.S. MI)		 	21	  		 	(2	) 		 	6	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance Division		 	83	  		 	85	  		 	107	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other Division:													
International Protection		 	(4	) 		 	3	  		 	13	 	
Runoff		 	16	  		 	5	  		 	19	 	
Corporate and Other		 	(29	) 		 	(88	) 		 	(65	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other Division		 	(17	) 		 	(80	) 		 	(33	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Net Operating Income (Loss)		$	(416	) 		$	(317	) 		$	193	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net operating income (loss) excludes 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 other adjustments, net of taxes. A reconciliation of net operating income (loss) of segments and Corporate and Other activities to net income (loss) 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 results in the fourth quarter of 2014 was an unfavorable impact of $3 million versus the prior quarter and $6 million versus the prior year.

6  	Excludes net operating income attributable to noncontrolling interests in the Australia MI business of $21 million and $23 million, respectively, in the fourth quarter of 2014 and third quarter of 2014 related to the Australia MI IPO completed on May 21, 2014.	
 
5

U.S. Life Insurance Division
U.S. Life Insurance Division net operating loss was $482 million, compared with a net operating loss of $322 million in the prior quarter and net operating income of $119 million a year ago.
U.S. Life Insurance Division
Net Operating Income (Loss)
													
(Amounts in millions)		Q4 14	 		Q3 14	 		Q4 13	 	
U.S. Life Insurance													
Long Term Care Insurance		$	(506	) 		$	(361	) 		$	42	 	
Life Insurance		 	1	 		 	13	 		 	56	 	
Fixed Annuities		 	23	 		 	26	 		 	21	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance		 	(482	) 		 	(322	) 		 	119	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance		$	(482	) 		$	(322	) 		$	119	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Sales
													
(Amounts in millions)		Q4 14	 		Q3 14	 		Q4 13	 	
U.S. Life Insurance													
Long Term Care Insurance													
Individual		$	17	 		$	28	 		$	24	 	
Group		 	6	 		 	1	 		 	2	 	
Life Insurance													
Term Life		 	11	 		 	13	 		 	9	 	
Term Universal Life		 	—  	  		 	—  	  		 	—  	  	
Universal Life		 	7	 		 	11	 		 	5	 	
Linked Benefits		 	5	 		 	4	 		 	3	 	
Fixed Annuities		 	495	 		 	371	 		 	730	 	
Account Value
													
(Amounts in millions)		Q4 14	 		Q3 14	 		Q4 13	 	
Fixed Annuities		$	19,278	 		$	19,156	 		$	18,737	 	
U.S. Life Insurance Division
Key Points
 
•	 	U.S. Life Insurance Division net operating loss was $482 million, compared with a net operating loss of $322 million in the prior quarter and net operating income of $119 million a year ago. The net operating loss in the quarter reflected the completion of the company’s annual review of its LTC active life margins that resulted in after-tax charges of $478 million on its acquired blocks.	
 
•	 	Compared to the prior quarter, sales results were mixed with individual LTC and life insurance products lower but higher for fixed annuities.	
 
•	 	The consolidated risk-based capital (RBC) ratio is estimated to be approximately 430 percent 7 , down from approximately 445 percent at the end of the third quarter of 2014.	

7  	Company estimate for the fourth quarter of 2014, due to timing of the filing of statutory statements.	
 
6

•	 	As of December 31, 2014, 47 states have approved the initial round of premium rate increases and six states have approved a second round of premium rate increases as part of the 2012 in force premium rate action. The company continues to expect to achieve $250 to $300 million of additional annual premiums when fully implemented by 2017.	
 
•	 	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 December 31, 2014, 22 states have approved these rate increases.	
Long Term Care Insurance
Long term care insurance net operating loss was $506 million, compared with a net operating loss of $361 million in the prior quarter and net operating income of $42 million in the prior year.
During the quarter, the company substantially completed (pending regulatory filings) its annual review of active life margins, including a review of the associated assumptions and methodologies. The company updated its margin assumptions and methodologies, informed by the work done in connection with the claim reserve review completed in the third quarter of 2014. The updates resulted in changes to claim termination rates and benefit utilization assumptions and associated methodologies, which materially reduced the company’s active life margins. As part of the review, the company also developed updated assumptions relating to planned in force premium rate increases on in force policies that offset much of the reduction on margins from the updated margin assumptions, and also reviewed its other active life margin assumptions, including but not limited to claims frequency, and investment allocation and returns. As previously disclosed, the company is required to separately test its acquired LTC blocks for recoverability as part of its loss recognition testing margin review which resulted in a negative margin for those blocks, and the company unlocked the associated active life reserve assumptions, while the margin on the remaining blocks was positive. The current quarter impact of this unlocking, as well as additional adjustments to reserves, are as follows:
 
 	•	 	Reserves were increased $729 million pre-tax or $474 million after-tax and the present value of future profits balance of $6 million pre-tax or $4 million after-tax was written off as a result of annual loss recognition testing;	
 
 	•	 	Claim reserves were increased a net $24 million pre-tax or $16 million after-tax, as a result of a $44 million after-tax correction to the prior quarter’s claim reserve primarily related to claims in course of settlement, partially offset by a $28 million after-tax refinement of assumptions relating to claim termination rates.	
Results for the quarter also included lower benefits from premium increases and reduced benefit options of $3 million after-tax versus the prior quarter and a favorable benefit of $7 million after-tax versus the prior year related to the premium increases approved and implemented to date.
 
7

Benefits and other changes in policy reserves increased $151 million after-tax versus the prior quarter and increased $549 million after-tax versus the prior year. Results versus the prior quarter were primarily impacted by the completion of the annual review of active life margins completed in the current quarter and the impact in the prior quarter from the completion of the claim reserve review, in addition to lower reinsurance benefits in the current quarter. Performance was unfavorable to the prior year primarily from the completion of the annual review of active life margins in the current quarter, but was also impacted by higher new claim severity assumptions resulting from the claim reserve review completed in the third quarter of 2014 in addition to higher frequency of new claims.
Individual LTC sales of $17 million were lower than the prior quarter and the prior year. In July 2014, the company launched its Privileged Choice Flex 3.0 product. This product is now available in 45 states. Sales are expected to continue at low levels in the near term due to the introduction of this higher priced product and ratings pressure.
Life Insurance
Life insurance net operating income was $1 million, compared with $13 million in the prior quarter and $56 million in the prior year. Results in the quarter included a correction to a reserve calculation on a reinsurance transaction of $32 million. Mortality performance was $14 million favorable compared to the prior quarter and $10 million unfavorable compared to the prior year. Prior quarter results included $10 million of unfavorable items and prior year results included $14 million of favorable items.
Sales of $23 million decreased compared to the prior quarter and increased compared to the prior year. Linked benefit product deposits were $42 million in the quarter, down from $47 million in the prior quarter and up from $27 million in the prior year.
Fixed Annuities
Fixed annuities net operating income was $23 million, compared with $26 million in the prior quarter and $21 million in the prior year. Results in the quarter reflected slightly improved mortality results and lower expenses but also included higher amortization of deferred acquisition costs versus the prior quarter and the prior year. Sales in the quarter totaled $495 million, up sequentially but down versus the prior year given the lower interest rate environment.
U.S. Life Insurance Division Statutory Capital
The consolidated RBC ratio is estimated to be approximately 430 percent 7 , down from approximately 445 percent at the end of the third quarter of 2014, and the consolidated U.S. life insurance companies unassigned surplus is estimated to be $155 million 7 , down from approximately $290 million at the end of the third quarter of 2014. Primary drivers in the quarter include:
 
 	•	 	$39 million increase in LTC cash flow testing reserves in the New York subsidiary as part of the annual review of LTC active life margins. Remaining $156 million reserve increase spread over next four years;	
 
8

 	•	 	$70 million reserve increase relating to life insurance products with secondary guarantees in the New York subsidiary;	
 
 	•	 	Approximately $80 million unassigned surplus benefit from the completion of a life reinsurance transaction; and	
 
 	•	 	Approximately $155 million unfavorable taxes associated with the planned sale of the lifestyle protection insurance business, from intercompany tax sharing agreements. Brookfield Life & Annuity Insurance Company, the parent company of the lifestyle protection insurance business, had a favorable impact of approximately $230 million.	
Global Mortgage Insurance Division
Global Mortgage Insurance Division had net operating income of $83 million, compared with $85 million in the prior quarter and $107 million a year ago.
Global Mortgage Insurance Division
Net Operating Income (Loss)
													
(Amounts in millions)		Q4 14	 		Q3 14	 		Q4 13	 	
International Mortgage Insurance													
Canada		$	36	  		$	46	  		$	44	 	
Australia		 	33	6  		 	48	6  		 	66	 	
Other Countries		 	(7	) 		 	(7	) 		 	(9	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total International Mortgage Insurance		 	62	  		 	87	  		 	101	 	
U.S. Mortgage Insurance		 	21	  		 	(2	) 		 	6	 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance		$	83	  		$	85	  		$	107	 	

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Sales
													
(Amounts in billions)		Q4 14	 		Q3 14	 		Q4 13	 	
International Mortgage Insurance													
Flow													
Canada		$	5.5	 		$	6.8	 		$	5.0	 	
Australia		 	8.0	 		 	8.1	 		 	9.0	 	
Other Countries		 	0.5	 		 	0.4	 		 	0.5	 	
Bulk													
Canada		 	2.3	 		 	5.6	 		 	2.4	 	
Australia		 	0.1	 		 	1.0	 		 	—  	 	
Other Countries		 	—  	 		 	—  	 		 	0.6	 	
U.S. Mortgage Insurance													
Primary Flow		 	6.9	 		 	7.5	 		 	4.9	 	
Primary Bulk		 	—  	 		 	—  	 		 	—  	 	
International Mortgage Insurance Segment
Key Points
 
•	 	Reported International Mortgage Insurance segment net operating income was $62 million, compared with $87 million in the prior quarter and $101 million a year ago. Results in the quarter reflected a $21 million decrease in net operating income versus the prior year as a result of the minority IPO of 33.8 percent of the Australia MI business, which was completed on May 21, 2014. Results were impacted by less favorable tax benefits of $23 million versus the prior quarter and $21 million versus the prior year. Results were also impacted by unfavorable foreign exchange of $5 million versus the prior year. The loss ratio was 26 percent in Canada and 15 percent in Australia.	
 
•	 	In Canada, flow new insurance written (NIW) was down 16 percent 8 sequentially and up 18 percent 8 year over year. In addition, in the current quarter, the company completed $2.3 billion of bulk transactions, consisting of low loan-to-value prime loans.	
 
•	 	In Australia, flow NIW was up five percent 8 sequentially and down six percent 8 year over year.	
 
•	 	The Canadian and Australian MI businesses continue to maintain sound capital positions and paid $109 million in dividends to the holding company in 2014.	
Canada Mortgage Insurance
Canada reported net operating income of $36 million versus $46 million in the prior quarter and $44 million in the prior year. The loss ratio in the quarter was 26 percent, up five points from the prior quarter from seasonally higher new delinquencies, net of cures, and up four points from the prior year. Results included less favorable tax benefits of $6 million versus the prior quarter and $5 million versus the prior year and higher expenses versus the prior quarter. Flow NIW was down 16 percent 8 sequentially primarily from a seasonally smaller

8  	Percent change excludes the impact of foreign exchange.	
 
10

originations market and up 18 percent 8 year over year from a larger originations market. In addition, the company completed several bulk transactions in the quarter of approximately $2.3 billion in total, consisting of low loan-to-value prime loans, reflecting its selective participation in this market. At quarter end, the Canada mortgage insurance business had a minimum capital test (MCT) ratio of 225 percent 7 , in excess of the targeted level.
Australia Mortgage Insurance
Australia reported net operating income of $33 million versus $48 million in the prior quarter and $66 million in the prior year. Results in the quarter reflected a $21 million decrease in net operating income versus the prior year as a result of the minority IPO of 33.8 percent of the Australia MI business, which was completed on May 21, 2014. The loss ratio in the quarter was 15 percent, down six points sequentially from seasonally lower new delinquencies and favorable aging of existing delinquencies and down six points from the prior year. Results were impacted by less favorable tax benefits of $17 million versus the prior quarter and $16 million versus the prior year, including a $7 million net unfavorable impact in the current quarter. Flow NIW was up five percent 8 sequentially from normal seasonal variation and down six percent 8 year over year from a slightly smaller mortgage insurance market. At quarter end, the Australia mortgage insurance business had a prescribed capital amount (PCA) ratio of 159 percent 7 , in excess of the targeted range.
Other Countries Mortgage Insurance
Other Countries had a net operating loss of $7 million, compared to $7 million in the prior quarter and $9 million in the prior year. During the quarter, a lender settlement was executed reducing outstanding risk in force in Ireland from approximately $700 million to $60 million.
U.S. Mortgage Insurance Segment
Key Points
 
•	 	U.S. MI net operating income was $21 million, compared with a net operating loss of $2 million in the prior quarter and net operating income of $6 million in the prior year. Results in the prior quarter included $4 million of favorable tax benefits from a prior year true-up, as well as $34 million of after-tax accruals recorded principally in connection with the settlement agreement with Bank of America as well as discussions with another servicer in an effort to resolve pending disputes over loss mitigation activities. The company has recently received government-sponsored enterprise (GSE) approvals in connection with the Bank of America settlement agreement and resolved the servicer dispute consistent with prior period accruals. The loss ratio in the current quarter was 61 percent.	
 
•	 	Flow NIW decreased eight percent from the prior quarter and increased 41 percent from the prior year to $6.9 billion.	
 
•	 	The risk-to-capital ratio for Genworth Mortgage Insurance Corporation (GMICO) is estimated at 14.2:1 7 and the combined risk-to-capital ratio is estimated at 14.5:1 7 as of December 31, 2014.	
 
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Total flow delinquencies decreased three percent sequentially and 22 percent versus the prior year. New flow delinquencies decreased approximately six percent from the prior quarter from recent seasonal variation 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 $30,200, down slightly from the prior quarter.
Total losses were down $50 million versus the prior quarter reflecting the pre-tax accruals of approximately $53 million recorded in the third quarter principally in connection with the settlement agreement with Bank of America as well as discussions with another servicer in an effort to resolve pending disputes over loss mitigation activities. Loss mitigation savings were $59 million in the quarter.
Flow NIW of $6.9 billion decreased eight percent from the prior quarter from a seasonally smaller purchase originations market and increased 41 percent versus the prior year primarily from a larger purchase origination market and an approximately two point increase in estimated market share. During the quarter, the company increased its single premium lender paid new insurance written reflecting its selective participation in this market. Future volumes of this product will vary depending on the evaluation of the risk return profile of these transactions. Overall private mortgage insurance market penetration was flat compared with the prior quarter and up approximately three points year over year as purchase penetration increased. The company’s estimate of its market share at the end of the quarter is approximately 15 percent. Flow persistency was 83 percent. In addition, the Home Affordable Refinance Program (HARP) accounted for about $0.3 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 current insurance in force under the HARP program to $18.9 billion.
The combined U.S. MI statutory risk-to-capital ratio is estimated at 14.5:1 7 at the end of the fourth quarter with the risk-to-capital ratio for GMICO estimated at 14.2:1 7 .
On July 10, 2014, the Federal Housing Finance Agency (FHFA) released publicly a draft of the revised GSE private mortgage insurer eligibility requirements (PMIERs). The company currently intends that its U.S. MI business will meet the additional capital requirements contained in the PMIERs by the effective date, primarily through reinsurance (or similar) transactions, together with cash available at the holding company. The company will seek to utilize the transition period provided for in the draft guidelines if it does not comply by the anticipated effective date (subject to GSE approval). The company and its U.S. MI business believe that they are well positioned to meet the draft version of the operational and financial requirements contained in the guidelines within the prescribed transition period and expect the business to maintain its strong presence in the private mortgage insurance market.
 
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Corporate and Other Division
Corporate and Other Division net operating loss was $17 million, compared with $80 million in the prior quarter and $33 million in the prior year.
Corporate and Other Division
Net Operating Income (Loss)
													
(Amounts in millions)		Q4 14	 		Q3 14	 		Q4 13	 	
International Protection		$	(4	) 		$	3	 		$	13	 	
Runoff		 	16	 		 	5	 		 	19	 	
Corporate and Other		 	(29	) 		 	(88	) 		 	(65	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other		$	(17	) 		$	(80	) 		$	(33	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Account Value
													
(Amounts in millions)		Q4 14	 		Q3 14	 		Q4 13	 	
Variable Annuities		$	7,434	 		$	7,566	 		$	8,020	 	
Guaranteed Investment Contracts, Funding Agreements Backing Notes and Funding Agreements		 	493	 		 	526	 		 	896	 	
International Protection Segment
International Protection reported a net operating loss of $4 million, compared with net operating income of $3 million in the prior quarter and $13 million in the prior year. Results in the current quarter reflected $4 million of net unfavorable items including higher claim reserves on certain contracts, an unfavorable shift in the mix of contracts with profit share, higher expenses and unfavorable foreign exchange. Results in the prior year reflected $10 million of favorable adjustments. At quarter end, the lifestyle protection insurance business had a regulatory capital ratio of approximately 365 percent 7 , well in excess of regulatory requirements.
Runoff Segment
The Runoff segment’s net operating income was $16 million, compared with $5 million in the prior quarter and $19 million in the prior year. Results in the current quarter reflect lower equity market performance versus the prior year primarily impacting variable annuity products. Results also reflect favorable taxes versus the prior quarter and the prior year. The prior quarter’s results included a favorable impact from refinement of deferred acquisition costs assumptions related to the company’s annual review of assumptions in variable annuity products.
 
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Corporate and Other
Corporate and Other’s net operating loss was $29 million, compared with $88 million in the prior quarter and $65 million in the prior year. Results in the current quarter reflect favorable taxes versus the prior quarter and prior year.
Investment Portfolio Performance
Net investment income increased to $819 million, compared to $805 million in the prior quarter primarily from changes in prepayment speeds on structured securities due to lower interest rates. The reported yield for the current quarter was 4.63 percent. The core yield 2 was down slightly compared to the prior quarter at 4.38 percent.
Net investment losses, net of taxes and other adjustments, were $4 million in the quarter, compared to net investment gains, net of taxes and other adjustments, of $15 million in the prior year.
Net unrealized investment gains were $2.5 billion, net of taxes and other items, as of December 31, 2014 compared with $2.1 billion as of September 30, 2014 and $0.9 billion as of December 31, 2013. The fixed maturity securities portfolio had gross unrealized investment gains of $5.8 billion as of December 31, 2014 compared with $3.3 billion as of December 31, 2013 and gross unrealized investment losses of $0.3 billion as of December 31, 2014 compared with $1.0 billion as of December 31, 2013.
Holding Company
Genworth’s holding company 9 ended the quarter with approximately $1.1 billion 10 of cash and liquid assets, down approximately $35 million compared to the prior quarter, from $76 million of debt interest payments and $26 million of net other expenses partially offset by $67 million of dividends paid from the operating companies. 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. The company ended the quarter with a buffer of approximately $685 million in excess of one and a half times annual debt service.

9  	Holding company cash and liquid assets comprises assets held in Genworth Holdings, Inc. (the issuer of outstanding public debt) which is a wholly-owned subsidiary of Genworth Financial, Inc.	
10  	Comprises cash and cash equivalents of $953 million and U.S. government bonds of $150 million.	
 
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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 long term care insurance, life 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. and Genworth Mortgage Insurance Australia Limited, separately release financial and other information about their operations. This information can be found at http://genworth.ca and http://www.genworth.com.au .
Conference Call and Financial Supplement Information
This press release and the fourth quarter 2014 financial supplement are now posted on the company’s website. Additional information regarding business results, strategic update and the LTC active life margin review will be posted on the company’s website, http://investor.genworth.com , by 7:30 a.m. on February 11, 2015. Investors are encouraged to review these materials.
Genworth will conduct a 90 minute conference call on February 11, 2015 at 8:00 a.m. (ET) to discuss fourth quarter 2014 results, cover results of LTC active life margin review, and provide an update on 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 # 9155802. To participate in the call by webcast, register at http://investor.genworth.com at least 15 minutes prior to the webcast to download and install any necessary software.
Replays of the call will be available through February 25, 2015 at 888 203.1112 or 719 457.0820 (outside the U.S.); conference ID # 9155802. The webcast will also be archived on the company’s website.
 
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Use of Non-GAAP Measures
This press release includes the non-GAAP financial measures entitled “net operating income (loss)” and “net operating income (loss) per share.” Net operating income (loss) 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.
In the fourth quarter of 2014, the company recorded goodwill impairments of $129 million, net of taxes, in the long term care insurance business and $145 million, net of taxes, in the life insurance business. In the third quarter of 2014, the company recorded goodwill impairments of $167 million, net of taxes, in the long term care insurance business and $350 million, net of taxes, in the life insurance business.
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 the following items. There was a $66 million net tax impact in the fourth quarter of 2014 from potential business portfolio changes. Although no decisions have been made, the company recognized a tax charge of $174 million in the fourth quarter of 2014 associated with the Australian mortgage insurance business as the company can no longer assert its intent to permanently reinvest earnings in that business. In connection with the company’s plans to sell the lifestyle protection insurance business, the company completed an internal debt restructuring recognizing tax benefits of $108 million in the fourth quarter of 2014.
 
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Also, in the second quarter of 2013, the company recorded a $13 million, net of taxes, expense 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 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 (loss) available to Genworth’s common stockholders for the three and twelve months ended December 31, 2014 and 2013, as well as for the three months ended September 30, 2014.
Adjustments to reconcile net income (loss) attributable to Genworth’s common stockholders and net operating income (loss) 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 (loss) before net income attributable to noncontrolling interests in the Australia MI business” and “net operating income (loss) before net operating income attributable to noncontrolling interests in the Australia MI business.” The company defines net income (loss) before net income attributable to noncontrolling interests in the Australia MI business and net operating income (loss) before net operating income attributable to noncontrolling interests in the Australia MI business as net income (loss) or net operating income (loss), as applicable, adjusted for net income
 
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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 (loss) and net operating income (loss) for the three and twelve months ended December 31, 2013. However, net income (loss) before net income attributable to noncontrolling interests in the Australia MI business and net operating income (loss) before net operating income attributable to noncontrolling interests in the Australia MI business are not substitutes for net income (loss) and net operating income (loss) determined in accordance with GAAP. A reconciliation of net income (loss) before net income attributable to noncontrolling interests in the Australia MI business and net operating income (loss) before net operating income attributable to noncontrolling interests in the Australia MI business to net income (loss) and net operating income (loss) 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 long term care and term life 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 outstanding insurance policies as of the respective reporting date. For risk in force in the international
 
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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.
An assumed tax rate of 35 percent is utilized in certain adjustments to net operating income (loss) and in the explanation of specific variances of operating performance and investment results.
 
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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 all of the company’s businesses, including:	
(i) inability to successfully develop and execute strategic plans to effectively address the company’s current business challenges (including with respect to its long-term care insurance business, ratings and capital), including as a result of failure to attract buyers for any assets the company may seek to sell, or securities it may seek to issue, in each case, in a timely manner on anticipated terms; inability to generate required capital; failure to obtain any required regulatory, stockholder and/or noteholder approvals or consents, or the company’s challenges changing or being more costly or difficult to successfully address than currently anticipated or the benefits achieved being less than anticipated; inability to achieve anticipated cost-savings in a timely manner; (ii) inability to increase the capital needed in the company’s businesses in a timely manner and on anticipated terms, including through improved business performance, reinsurance or similar transactions, asset sales, securities offerings or otherwise, in each case as and when required; (iii) inadequate reserves and need to increase reserves, including as a result of any changes the company may make to its assumptions, methodologies or otherwise in connection with periodic or other reviews; (iv) lapse experience for the company’s products differing significantly from its pricing assumptions (particularly with respect to certain of the company’s term life insurance policies where the level premium period is nearing an end, after which premiums may increase significantly and cause the company to experience significantly higher lapses than historically has been the case and adverse selection with respect to those policyholders maintaining their policies; (v) adverse rating agency actions, including with respect to rating downgrades or potential downgrades, being placed on negative outlook or being put on review for potential downgrade, all of which could have adverse implications for the company, including with respect to key business relationships, product offerings, business results of operations, financial condition and capital needs, collateral obligations and availability and terms of hedging, reinsurance and credit facility; (vi) inability to retain, attract and motivate qualified employees and independent sales representatives, particularly in the light of the company’s recent business challenges; (vii) adverse change in regulatory requirements, including risk-based capital; (viii) dependence on dividends and other distributions from the company’s subsidiaries (particularly the company’s Australian and Canadian businesses) and the inability of any subsidiaries to pay dividends or make other distributions to the company, including as a result of the performance of the subsidiaries and insurance, regulatory or corporate law restrictions (including the unwillingness or inability of the subsidiary that indirectly owns most of the company’s interests in the Australian and Canadian mortgage insurance businesses to pay dividends to the company that it receives from those businesses as a result of the impact on its financial condition of its guarantee of certain long-term care insurance related reinsurance arrangements); (ix) inability to borrow under the company’s credit facility; (x) downturns and volatility in global economies and equity and credit markets; (xi) interest rates and changes in rates; (xii) availability, affordability and adequacy of reinsurance to meet the company’s needs; defaults by counterparties to reinsurance arrangements or derivative instruments; (xiii) changes in 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 its investments in commercial mortgage-backed securities and volatility in performance; (xiv) adverse capital and credit markets adversely affecting the company’s ability to meet capital and liquidity needs; (xv) competition; (xvi) reliance on, and loss of, key distribution relationships; (xvii) extensive regulation on the company’s business and changes in applicable laws and regulations; (xviii) litigation and regulatory investigations or other actions (including the two shareholder class action lawsuits alleging securities law violations filed against the company in 2014); (xix) failure or any compromise of the security of the company’s computer systems, disaster recovery systems and business continuity plans and failures to safeguard, or breaches of, the company’s confidential information; (xx) occurrence of natural or man-made disasters or a pandemic; (xxi) impact of additional regulations pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act; (xxii) ineffective or inadequate risk management; weaknesses in, or ineffective, internal controls; (xxiii) changes in accounting and reporting standards; (xxiv) impairments of or valuation allowances against the company’s deferred tax assets; (xxv) accelerated
 
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amortization of deferred acquisition costs and present value of future profits (including as a result of any changes the company may make to its assumptions, methodologies or otherwise in connection with periodic or other reviews); (xxvi) political and economic instability or changes in government policies; and (xxvii) fluctuations in foreign currency exchange rates and international securities markets.
 
 	•	 	Risks relating primarily to the company’s long-term care insurance, life insurance and annuities businesses, including:	
(xxviii) the company’s inability to increase sufficiently, and in a timely manner, premiums on in-force long-term care insurance policies and/or reduce in-force benefits, and charge higher premiums on new policies, in each case, as currently anticipated (including the future increases assumed in connection with the completion of the company’s active life reserve review in the fourth quarter of 2014) and as may be required from time to time in the future (including as a result of its failure to obtain any necessary regulatory approvals or unwillingness or inability of policyholders to pay increased premiums); the company’s inability to reflect future premium increases and other management actions in its active life margin calculation as anticipated; (xxix) failure to sufficiently increase demand for the company’s long-term care insurance, life insurance and fixed annuity products; (xxx) adverse impact on the company’s financial results as a result of projected profits followed by projected losses in the company’s long-term care insurance business; (xxxi) deviations from the persistence assumptions used to price and establish reserves for the company’s insurance policies and annuity contracts; (xxxii) medical advances, such as genetic research and diagnostic imaging, and related legislation that impact policyholder behavior in ways adverse to the company; and (xxxiii) inability to continue to implement actions to mitigate the impact of statutory reserve requirements.
 
 	•	 	Risks relating primarily to the company’s mortgage insurance businesses, including:	
(xxxiv) deterioration in economic conditions or a decline in home prices that adversely affect the company’s loss experience in mortgage insurance; (xxxv) premiums for the significant portion of the company’s international mortgage insurance risk in-force with high loan-to-value ratios may not be sufficient to compensate the company for the greater risks associated with those policies; (xxxvi) competition in the company’s international and U.S. mortgage insurance businesses, including from government and government-owned and sponsored enterprises offering mortgage insurance; (xxxvii) changes in regulations adversely affecting the company’s international operations; (xxxviii) inability to meet the proposed private mortgage insurance eligibility requirements (PMIERs) on the contemplated timetable with the contemplated funding; (xxxix) 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 on the company’s industry and business and adverse changes to the role or structure of Fannie Mae and Freddie Mac; (xl) increases in U.S. mortgage insurance default rates; (xli) inability to realize anticipated benefits of the company’s rescissions, curtailments and loan modifications; (xlii) problems associated with foreclosure process defects in the United States that may defer claim payments; (xliii) adverse changes in regulations affecting the company’s U.S. mortgage insurance business; (xliv) decrease in the volume of high loan-to-value mortgage originations or increases in mortgage insurance cancellations in the United States; (xlv) 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; (xlvi) reduction in profitability and return on capital as a result of reinsurance with reinsurance companies affiliated with the company’s U.S. mortgage lending customers; and (xlvii) liabilities in connection with the company’s U.S. contract underwriting services.
 
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 	•	 	Other risks, including:	
(xlviii) the possibility that in certain circumstances the company will be obligated to make payments to General Electric Company (GE) under the tax matters agreement with GE even if its corresponding tax savings are never realized and payments could be accelerated in the event of certain changes in control; and (xlix) 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:	
(l) the continued suspension of payment of dividends and stock price fluctuations.
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.
# # #
Contact Information :

Investors:		Amy Corbin, 804 662.2685	
		
		amy.corbin@genworth.com	
		
Media:		Al Orendorff, 804 662.2534	
		
		alfred.orendorff@genworth.com	
 
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Condensed Consolidated Statements of Income
(Amounts in millions, except per share amounts)

 	  	Three months ended
December 31,	 	  	Twelve months ended
December 31,	 	
 	  	2014	 	 	2013	 	  	2014	 	 	2013	 	
Revenues:	  				 				  				 				
Premiums	  	$	1,386	 	 	$	1,310	 	  	$	5,431	 	 	$	5,148	 	
Net investment income	  	 	819	 	 	 	835	 	  	 	3,242	 	 	 	3,271	 	
Net investment gains (losses)	  	 	(10	) 	 	 	26	 	  	 	(20	) 	 	 	(37	) 	
Insurance and investment product fees and other	  	 	229	 	 	 	241	 	  	 	912	 	 	 	1,021	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total revenues	  	 	2,424	 	 	 	2,412	 	  	 	9,565	 	 	 	9,403	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Benefits and expenses:	  				 				  				 				
Benefits and other changes in policy reserves	  	 	2,184	 	 	 	1,256	 	  	 	6,620	 	 	 	4,895	 	
Interest credited	  	 	185	 	 	 	186	 	  	 	737	 	 	 	738	 	
Acquisition and operating expenses, net of deferrals	  	 	405	 	 	 	406	 	  	 	1,585	 	 	 	1,659	 	
Amortization of deferred acquisition costs and intangibles	  	 	156	 	 	 	128	 	  	 	571	 	 	 	569	 	
Goodwill impairment	  	 	299	 	 	 	—  	 	  	 	849	 	 	 	—  	 	
Interest expense	  	 	118	 	 	 	121	 	  	 	479	 	 	 	492	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	3,347	 	 	 	2,097	 	  	 	10,841	 	 	 	8,353	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	(923	) 	 	 	315	 	  	 	(1,276	) 	 	 	1,050	 	
Provision (benefit) for income taxes	  	 	(215	) 	 	 	70	 	  	 	(228	) 	 	 	324	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	(708	) 	 	 	245	 	  	 	(1,048	) 	 	 	726	 	
Loss from discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	  	 	—  	 	 	 	(12	) 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Net income (loss)	  	 	(708	) 	 	 	245	 	  	 	(1,048	) 	 	 	714	 	
Less: net income attributable to noncontrolling interests	  	 	52	 	 	 	37	 	  	 	196	 	 	 	154	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	  	$	(760	) 	 	$	208	 	  	$	(1,244	) 	 	$	560	 	

Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				  				 				
Basic	  	$	(1.53	) 	 	$	0.42	 	  	$	(2.51	) 	 	$	1.16	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Diluted	  	$	(1.53	) 	 	$	0.42	 	  	$	(2.51	) 	 	$	1.15	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				  				 				
Basic	  	$	(1.53	) 	 	$	0.42	 	  	$	(2.51	) 	 	$	1.13	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Diluted	  	$	(1.53	) 	 	$	0.41	 	  	$	(2.51	) 	 	$	1.12	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Weighted-average shares outstanding:	  				 				  				 				
Basic	  	 	496.7	 	 	 	494.7	 	  	 	496.4	 	 	 	493.6	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Diluted 5	  	 	496.7	 	 	 	501.2	 	  	 	496.4	 	 	 	498.7	 	

23

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

 	  	Three
months ended
December 31,	 	 	Twelve
months ended
December 31,	 	 	Three
months ended
September 30,	 	
 	  	2014	 	 	2013	 	 	2014	 	 	2013	 	 	2014	 	
Net operating income (loss):	  				 				 				 				 				
U.S. Life Insurance Division	  				 				 				 				 				
U.S. Life Insurance segment	  				 				 				 				 				
Long Term Care Insurance	  	$	(506	) 	 	$	42	 	 	$	(815	) 	 	$	129	 	 	$	(361	) 	
Life Insurance	  	 	1	  	 	 	56	 	 	 	74	 	 	 	173	 	 	 	13	  	
Fixed Annuities	  	 	23	  	 	 	21	 	 	 	100	 	 	 	92	 	 	 	26	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment		 	(482	) 		 	119	 		 	(641	) 		 	394	 		 	(322	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance Division		 	(482	) 		 	119	 		 	(641	) 		 	394	 		 	(322	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Global Mortgage Insurance Division																					
International Mortgage Insurance segment																					
Canada		 	36	  		 	44	 		 	170	 		 	170	 		 	46	  	
Australia		 	33	6  		 	66	 		 	200	 		 	228	 		 	48	6  	
Other Countries		 	(7	) 		 	(9	) 		 	(25	) 		 	(37	) 		 	(7	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total International Mortgage Insurance segment		 	62	  		 	101	 		 	345	 		 	361	 		 	87	  	
U.S. Mortgage Insurance segment		 	21	  		 	6	 		 	91	 		 	37	 		 	(2	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance Division		 	83	  		 	107	 		 	436	 		 	398	 		 	85	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other Division																					
International Protection segment		 	(4	) 		 	13	 		 	8	 		 	24	 		 	3	  	
Runoff segment		 	16	  		 	19	 		 	48	 		 	66	 		 	5	  	
Corporate and Other		 	(29	) 		 	(65	) 		 	(232	) 		 	(266	) 		 	(88	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other Division		 	(17	) 		 	(33	) 		 	(176	) 		 	(176	) 		 	(80	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net operating income (loss)		 	(416	) 		 	193	 		 	(381	) 		 	616	 		 	(317	) 	
Adjustments to net operating income (loss):																					
Net investment gains (losses), net		 	(4	) 		 	15	 		 	(4	) 		 	(11	) 		 	(10	) 	
Goodwill impairment, net		 	(274	) 		 	—  	 		 	(791	) 		 	—  	 		 	(517	) 	
Gains (losses) on early extinguishment of debt, net		 	—  	  		 	—  	 		 	(2	) 		 	(20	) 		 	—  	  	
Tax impact from potential business portfolio changes		 	(66	) 		 	—  	 		 	(66	) 		 	—  	 		 	—  	  	
Expenses related to restructuring, net		 	—  	  		 	—  	 		 	—  	 		 	(13	) 		 	—  	  	
Loss from discontinued operations, net of taxes		 	—  	  		 	—  	 		 	—  	 		 	(12	) 		 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders		 	(760	) 		 	208	 		 	(1,244	) 		 	560	 		 	(844	) 	
Add: net income attributable to noncontrolling interests		 	52	  		 	37	 		 	196	 		 	154	 		 	57	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)		$	(708	) 		$	245	 		$	(1,048	) 		$	714	 		$	(787	) 	

Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share:																					
Basic		$	(1.53	) 		$	0.42	 		$	(2.51	) 		$	1.13	 		$	(1.70	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted		$	(1.53	) 		$	0.41	 		$	(2.51	) 		$	1.12	 		$	(1.70	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net operating income (loss) per common share:																					
Basic		$	(0.84	) 		$	0.39	 		$	(0.77	) 		$	1.25	 		$	(0.64	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted		$	(0.84	) 		$	0.38	 		$	(0.77	) 		$	1.24	 		$	(0.64	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average shares outstanding:																					
Basic		 	496.7	  		 	494.7	 		 	496.4	 		 	493.6	 		 	496.6	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted 5		 	496.7	  		 	501.2	 		 	496.4	 		 	498.7	 		 	496.6	  	

24

Condensed Consolidated Balance Sheets
(Amounts in millions)

 	  	December 31,
2014	 	 	December 31,
2013	 	
Assets	  				 				
Cash, cash equivalents and invested assets	  	$	78,841	 	 	$	73,505	 	
Deferred acquisition costs	  	 	5,042	 	 	 	5,278	 	
Intangible assets	  	 	272	 	 	 	399	 	
Goodwill	  	 	16	 	 	 	867	 	
Reinsurance recoverable	  	 	17,346	 	 	 	17,219	 	
Other assets	  	 	633	 	 	 	639	 	
Separate account assets	  	 	9,208	 	 	 	10,138	 	
	  	 	 	 	 	 	 	 	
Total assets		$	111,358	 		$	108,045	 	
	  	 	 	 	 	 	 	 	
Liabilities and stockholders’ equity									
Liabilities:									
Future policy benefits		$	35,915	 		$	33,705	 	
Policyholder account balances		 	26,043	 		 	25,528	 	
Liability for policy and contract claims		 	8,043	 		 	7,204	 	
Unearned premiums		 	3,986	 		 	4,107	 	
Deferred tax and other liabilities		 	4,512	 		 	4,302	 	
Borrowings related to securitization entities		 	219	 		 	242	 	
Non-recourse funding obligations		 	1,996	 		 	2,038	 	
Long-term borrowings		 	4,639	 		 	5,161	 	
Separate account liabilities		 	9,208	 		 	10,138	 	
	  	 	 	 	 	 	 	 	
Total liabilities		 	94,561	 		 	92,425	 	
	  	 	 	 	 	 	 	 	
Stockholders’ equity:									
Common stock		 	1	 		 	1	 	
Additional paid-in capital		 	11,997	 		 	12,127	 	
	  	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):									
Net unrealized investment gains (losses):									
Net unrealized gains (losses) on securities not other-than-temporarily impaired		 	2,431	 		 	914	 	
Net unrealized gains (losses) on other-than-temporarily impaired securities		 	22	 		 	12	 	
	  	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)		 	2,453	 		 	926	 	
	  	 	 	 	 	 	 	 	
Derivatives qualifying as hedges		 	2,070	 		 	1,319	 	
Foreign currency translation and other adjustments		 	(77	) 		 	297	 	
	  	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)		 	4,446	 		 	2,542	 	
Retained earnings		 	1,179	 		 	2,423	 	
Treasury stock, at cost		 	(2,700	) 		 	(2,700	) 	
	  	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity		 	14,923	 		 	14,393	 	
Noncontrolling interests		 	1,874	 		 	1,227	 	
	  	 	 	 	 	 	 	 	
Total stockholders’ equity		 	16,797	 		 	15,620	 	
	  	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity		$	111,358	 		$	108,045	 	

25

Impact of Foreign Exchange on Operating Results 11
Three months ended December 31, 2014

 	  	Percentages
Including Foreign
Exchange	 	 	Percentages
Excluding Foreign
Exchange 12	 	
Canada Mortgage Insurance (MI):	  				 				
Flow new insurance written	  	 	10	 % 	 	 	18	 % 	
Flow new insurance written (4Q14 vs. 3Q14)	  	 	(19	)% 	 	 	(16	)% 	
			
Australia MI:	  				 				
Flow new insurance written	  	 	(11	)% 	 	 	(6	)% 	
Flow new insurance written (4Q14 vs. 3Q14)	  	 	(1	)% 	 	 	5	 % 	

11  	All percentages are comparing the fourth quarter of 2014 to the fourth quarter of 2013 unless otherwise stated.	
12  	The impact of foreign exchange was calculated using the comparable prior period exchange rates.	
 
26

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

 	  	Three
months ended
December 31,	 	 	Twelve
months ended
December 31,	 	 	Three
months ended
September 30,	 	
 	  	2014	 	 	2013	 	 	2014	 	 	2013	 	 	2014	 	
Net investment gains (losses), gross	  	$	(10	) 	 	$	26	 	 	$	(20	) 	 	$	(37	) 	 	$	(27	) 	
Adjustments for:	  				 				 				 				 				
Deferred acquisition costs and other intangible amortization and certain benefit reserves	  	 	1	 	 	 	—  	 	 	 	14	 	 	 	32	 	 	 	9	 	
Net investment gains (losses) attributable to noncontrolling interests	  	 	1	 	 	 	(2	) 	 	 	—  	 	 	 	(13	) 	 	 	3	 	
Taxes	  	 	4	 	 	 	(9	) 	 	 	2	 	 	 	7	 	 	 	5	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes and other adjustments	  	$	(4	) 	 	$	15	 	 	$	(4	) 	 	$	(11	) 	 	$	(10	) 	

27

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

 	  	Three
months ended
December 31,	 	  	Twelve
months ended
December 31,	 	  	Three
months ended
September 30,	 	
 	  	2014	 	 	2013	 	  	2014	 	 	2013	 	  	2014	 	
						
Net income (loss) before net income attributable to noncontrolling interests	  	$	(708	) 	 	$	245	 	  	$	(1,048	) 	 	$	714	 	  	$	(787	) 	
Adjustments for:	  				 				  				 				  				
Net income attributable to noncontrolling interests in the Australia MI business	  	 	22	 	 	 	N/A	  	  	 	56	 	 	 	N/A	  	  	 	23	 	
Net income attributable to noncontrolling interests in the Canada MI business	  	 	30	 	 	 	37	 	  	 	140	 	 	 	154	 	  	 	34	 	

Net income (loss) available to Genworth’s common stockholders	  	$	(760	) 	 	$	208	 	  	$	(1,244	) 	 	$	560	 	  	$	(844	) 	

Net operating income (loss) before net operating income attributable to noncontrolling interests	  	$	(363	) 	 	$	228	 	  	$	(183	) 	 	$	761	 	  	$	(258	) 	
Adjustments for:	  				 				  				 				  				
Net operating income attributable to noncontrolling interests in the Australia MI business	  	 	21	 	 	 	N/A	  	  	 	55	 	 	 	N/A	  	  	 	23	 	
Net operating income attributable to noncontrolling interests in the Canada MI business	  	 	32	 	 	 	35	 	  	 	143	 	 	 	145	 	  	 	36	 	
	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Net operating income (loss)	  	$	(416	) 	 	$	193	 	  	$	(381	) 	 	$	616	 	  	$	(317	) 	

28

Reconciliation of Core Yield to Reported Yield

 	  	For the three
months ended
December 31,
2014	 	
(Assets - amounts in billions)	  				
Reported Total Invested Assets and Cash	  	$	78.2	  	
Subtract:	  				
Securities lending	  	 	0.3	  	
Unrealized gains (losses)	  	 	6.7	  	
Derivative counterparty collateral	  	 	—  	  	
	  	 	 	 	
Adjusted end of period invested assets	  	$	71.2	  	

Average Invested Assets Used in Reported Yield Calculation	  	$	70.8	  	
Subtract:	  				
Restricted commercial mortgage loans and other invested assets related to securitization entities 13	  	 	0.2	  	
	  	 	 	 	
Average Invested Assets Used in Core Yield Calculation	  	$	70.6	  	

( Income - amounts in millions)	  				
Reported Net Investment Income	  	$	819	  	
Subtract:	  				
Bond calls and commercial mortgage loan prepayments	  	 	18	  	
Reinsurance 14	  	 	14	  	
Other non-core items 15	  	 	12	  	
Restricted commercial mortgage loans and other invested assets related to securitization entities 13	  	 	2	  	
	  	 	 	 	
Core Net Investment Income	  	$	773	  	

Reported Yield	  	 	4.63	% 	
	  	 	 	 	
Core Yield	  	 	4.38	% 	

13  	Represents the incremental assets and investment income related to restricted commercial mortgage loans and other invested assets.	
14  	Represents imputed investment income related to reinsurance agreements in the lifestyle protection insurance business.	
15  	Includes cost basis adjustments on structured securities, preferred stock income and various other immaterial items.	
 
29

Exhibit 99.2
Fourth Quarter Financial Supplement
December 31, 2014

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014

Table of Contents	  	Page	 	
Investor Letter	  	 	3	  	
Use of Non-GAAP Measures and Selected Operating Performance Measures	  	 	4-5	  	
Financial Highlights	  	 	6	  	
		
Fourth Quarter Results	  				
Consolidated Net Income (Loss) by Quarter	  	 	8	  	
Net Operating Income (Loss) by Segment by Quarter	  	 	9	  	
Consolidated Balance Sheets	  	 	10-11	  	
Consolidated Balance Sheets by Segment	  	 	12-13	  	
Deferred Acquisition Costs (DAC) Rollforward	  	 	14	  	
		
Quarterly Results	  				
Net Operating Income (Loss) and Sales—U.S. Life Insurance Division	  	 	16-24	  	
Net Operating Income and Sales—Global Mortgage Insurance Division	  	 	26-50	  	
Net Operating Loss and Other Metrics—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—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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Dear Investor,
Thank you for your continued interest in Genworth Financial.
During the fourth quarter of 2014, the company completed its annual loss recognition testing for its long-term care insurance business that resulted in after-tax charges of $478 million on its acquired blocks. The company updated its margin assumptions and methodologies, informed by the work done in connection with the claim reserve review completed in the third quarter of 2014. The company is required to separately test its acquired long-term care insurance blocks for recoverability as part of its loss recognition testing which resulted in a negative margin for those blocks, and the company unlocked the associated active life reserve assumptions, while the margin on the remaining blocks was positive.
During the fourth quarter of 2014 in connection with the preparation of its financial statements, the company recorded after-tax goodwill impairments of $129 million in the long-term care insurance business and $145 million in the life insurance business, in each case, as a result of current market conditions and potential further decreases in sales. The impairments reduced the goodwill of these two businesses to zero.
There was also a $66 million net tax impact in the fourth quarter of 2014 from potential business portfolio changes. Although no decisions have been made, the company recognized a tax charge of $174 million in the fourth quarter of 2014 associated with the Australian mortgage insurance business as the company can no longer assert its intent to permanently reinvest earnings in that business. In connection with the company’s plans to sell the lifestyle protection insurance business, the company completed an internal debt restructuring recognizing tax benefits of $108 million in the fourth quarter of 2014.
Please feel free to call with any questions or comments.
Regards,
Amy Corbin
Investor Relations
804 662.2685
 
3

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH 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.
In the fourth quarter of 2014, the company recorded goodwill impairments of $129 million, net of taxes, in the long-term care insurance business and $145 million, net of taxes, in the life insurance business. In the third quarter of 2014, the company recorded goodwill impairments of $167 million, net of taxes, in the long-term care insurance business and $350 million, net of taxes, in the life insurance business.
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 the following items. There was a $66 million net tax impact in the fourth quarter of 2014 from potential business portfolio changes. Although no decisions have been made, the company recognized a tax charge of $174 million in the fourth quarter of 2014 associated with the Australian mortgage insurance business as the company can no longer assert its intent to permanently reinvest earnings in that business. In connection with the company’s plans to sell the lifestyle protection insurance business, the company completed an internal debt restructuring recognizing tax benefits of $108 million in the fourth quarter of 2014. Also, in the second quarter of 2013, the company recorded a $13 million, net of taxes, expense 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 (loss) attributable to Genworth Financial, Inc.’s common stockholders and net operating income (loss) 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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH 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 long-term care and term life 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 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 the company’s 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 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.
These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
 
5

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Financial Highlights
(amounts in millions, except per share data)

Balance Sheet Data	  	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	 	March 31,
2014	 	 	December 31,
2013	 	
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	  	$	10,477	  	 	$	11,231	  	 	$	12,070	  	 	$	12,032	  	 	$	11,851	  	
Total accumulated other comprehensive income	  	 	4,446	  	 	 	3,934	  	 	 	4,161	  	 	 	3,483	  	 	 	2,542	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity		$	14,923	  		$	15,165	  		$	16,231	  		$	15,515	  		$	14,393	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Book value per common share		$	30.04	  		$	30.54	  		$	32.68	  		$	31.27	  		$	29.08	  	
Book value per common share, excluding accumulated other comprehensive income		$	21.09	  		$	22.62	  		$	24.31	  		$	24.25	  		$	23.95	  	
Common shares outstanding as of the balance sheet date		 	496.7	  		 	496.6	  		 	496.6	  		 	496.2	  		 	494.8	  	
		
 	  	Twelve months ended	 	
Twelve Month Rolling Average ROE	  	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	 	March 31,
2014	 	 	December 31,
2013	 	
GAAP Basis ROE	  	 	-10.8%	  	 	 	-2.3%	  	 	 	5.7%	  	 	 	5.5%	  	 	 	4.8%	  	
Operating ROE (1)	  	 	  -3.3%	  	 	 	  1.9%	  	 	 	5.8%	  	 	 	5.6%	  	 	 	5.3%	  	
		
 	  	Three months ended	 	
Quarterly Average ROE	  	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	 	March 31,
2014	 	 	December 31,
2013	 	
GAAP Basis ROE	  	 	-28.0%	  	 	 	-29.0%	  	 	 	5.8%	  	 	 	6.2%	  	 	 	7.1%	  	
Operating ROE (1)	  	 	-15.3%	  	 	 	-10.9%	  	 	 	5.2%	  	 	 	6.5%	  	 	 	6.6%	  	

Basic and Diluted Shares	  	Three months ended
December 31,
2014	 	  	Twelve months ended
December 31,
2014	 	
Weighted-average common shares used in basic earnings per common share calculations	  	 	496.7	  	  	 	496.4	  	
Potentially dilutive securities:	  				  				
Stock options, restricted stock units and stock appreciation rights	  	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	
Weighted-average common shares used in diluted earnings per common share calculations (2)		 	496.7	  		 	496.4	  	

(1)	See page 72 herein for a reconciliation of GAAP Basis ROE to Operating ROE.	
(2)	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the net loss and net operating loss for the three and twelve months ended December 31, 2014, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three and twelve months ended December 31, 2014, as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 3.2 million and 5.6 million, respectively, would have been antidilutive to the calculation. If the company had not incurred a net loss and net operating loss for the three and twelve months ended December 31, 2014, dilutive potential weighted-average common shares outstanding would have been 499.9 million and 502.0 million, respectively.	
 
6

Fourth Quarter Results
 
7

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Consolidated Net Income (Loss) by Quarter
(amounts in millions, except per share amounts)

 	  	2014	 	 	2013	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	  	3Q	 	 	2Q	 	  	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				  				 				 				  				 				  				 				
Premiums	  	$	1,386	  	  	$	1,395	  	 	$	1,343	  	  	$	1,307	  	 	$	5,431	  	 	$	1,310	  	  	$	1,291	  	 	$	1,286	  	  	$	1,261	  	 	$	5,148	  	
Net investment income	  	 	819	  	  	 	805	  	 	 	813	  	  	 	805	  	 	 	3,242	  	 	 	835	  	  	 	801	  	 	 	821	  	  	 	814	  	 	 	3,271	  	
Net investment gains (losses)	  	 	(10	) 	  	 	(27	) 	 	 	34	  	  	 	(17	) 	 	 	(20	) 	 	 	26	  	  	 	(23	) 	 	 	21	  	  	 	(61	) 	 	 	(37	) 	
Insurance and investment product fees and other	  	 	229	  	  	 	231	  	 	 	225	  	  	 	227	  	 	 	912	  	 	 	241	  	  	 	248	  	 	 	243	  	  	 	289	  	 	 	1,021	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total revenues		 	2,424	  		 	2,404	  		 	2,415	  		 	2,322	  		 	9,565	  		 	2,412	  		 	2,317	  		 	2,371	  		 	2,303	  		 	9,403	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:				 																																					
Benefits and other changes in policy reserves		 	2,184	  		 	1,986	  		 	1,256	  		 	1,194	  		 	6,620	  		 	1,256	  		 	1,169	  		 	1,269	  		 	1,201	  		 	4,895	  	
Interest credited		 	185	  		 	185	  		 	184	  		 	183	  		 	737	  		 	186	  		 	184	  		 	184	  		 	184	  		 	738	  	
Acquisition and operating expenses, net of deferrals		 	405	  		 	398	  		 	404	  		 	378	  		 	1,585	  		 	406	  		 	407	  		 	413	  		 	433	  		 	1,659	  	
Amortization of deferred acquisition costs and intangibles		 	156	  		 	143	  		 	138	  		 	134	  		 	571	  		 	128	  		 	182	  		 	137	  		 	122	  		 	569	  	
Goodwill impairment		 	299	  		 	550	  		 	—  	  		 	—  	  		 	849	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Interest expense		 	118	  		 	114	  		 	120	  		 	127	  		 	479	  		 	121	  		 	124	  		 	121	  		 	126	  		 	492	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total benefits and expenses		 	3,347	  		 	3,376	  		 	2,102	  		 	2,016	  		 	10,841	  		 	2,097	  		 	2,066	  		 	2,124	  		 	2,066	  		 	8,353	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(923	) 		 	(972	) 		 	313	  		 	306	  		 	(1,276	) 		 	315	  		 	251	  		 	247	  		 	237	  		 	1,050	  	
Provision (benefit) for income taxes		 	(215	) 		 	(185	) 		 	85	  		 	87	  		 	(228	) 		 	70	  		 	105	  		 	73	  		 	76	  		 	324	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	(708	) 		 	(787	) 		 	228	  		 	219	  		 	(1,048	) 		 	245	  		 	146	  		 	174	  		 	161	  		 	726	  	
Income (loss) from discontinued operations, net of taxes (1)		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	2	  		 	6	  		 	(20	) 		 	(12	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
NET INCOME (LOSS)		 	(708	) 		 	(787	) 		 	228	  		 	219	  		 	(1,048	) 		 	245	  		 	148	  		 	180	  		 	141	  		 	714	  	
Less: net income attributable to noncontrolling interests		 	52	  		 	57	  		 	52	  		 	35	  		 	196	  		 	37	  		 	40	  		 	39	  		 	38	  		 	154	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		$	(760	) 		$	(844	) 		$	176	  		$	184	  		$	(1,244	) 		$	208	  		$	108	  		$	141	  		$	103	  		$	560	  	

Earnings (Loss) Per Share Data:																																									
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share																									
Basic		$	(1.53	) 		$	(1.70	) 		$	0.35	  		$	0.37	  		$	(2.51	) 		$	0.42	  		$	0.21	  		$	0.27	  		$	0.25	  		$	1.16	  	
Diluted		$	(1.53	) 		$	(1.70	) 		$	0.35	  		$	0.37	  		$	(2.51	) 		$	0.42	  		$	0.21	  		$	0.27	  		$	0.25	  		$	1.15	  	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share																																									
Basic		$	(1.53	) 		$	(1.70	) 		$	0.35	  		$	0.37	  		$	(2.51	) 		$	0.42	  		$	0.22	  		$	0.29	  		$	0.21	  		$	1.13	  	
Diluted		$	(1.53	) 		$	(1.70	) 		$	0.35	  		$	0.37	  		$	(2.51	) 		$	0.41	  		$	0.22	  		$	0.28	  		$	0.21	  		$	1.12	  	
Weighted-average common shares outstanding																																									
Basic		 	496.7	  		 	496.6	  		 	496.6	  		 	495.8	  		 	496.4	  		 	494.7	  		 	494.0	  		 	493.4	  		 	492.5	  		 	493.6	  	
Diluted (2)		 	496.7	  		 	496.6	  		 	503.6	  		 	502.7	  		 	496.4	  		 	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.	
(2)	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations and net loss for the three months ended September 30, 2014 and the three and twelve months ended December 31, 2014, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three months ended September 30, 2014 and the three and twelve months ended December 31, 2014, as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 5.4 million, 3.2 million and 5.6 million, respectively, would have been antidilutive to the calculation. If the company had not incurred a net loss for the three months ended September 30, 2014 and the three and twelve months ended December 31, 2014, dilutive potential weighted-average common shares outstanding would have been 502.0 million, 499.9 million and 502.0 million, respectively.	
 
8

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Net Operating Income (Loss) by Segment by Quarter
(amounts in millions, except per share amounts)

 		2014	 		2013	 	
 		4Q	 		3Q	 		2Q	 		1Q	 		Total	 		4Q	 		3Q	 		2Q	 		1Q	 		Total	 	
U.S. Life Insurance Division				 																																					
U.S. Life Insurance segment:				 																																					
Long-Term Care Insurance		$	(506	) 		$	(361	) 		$	6	  		$	46	  		$	(815	) 		$	42	  		$	41	  		$	26	  		$	20	  		$	129	  	
Life Insurance		 	1	  		 	13	  		 	39	  		 	21	  		 	74	  		 	56	  		 	54	  		 	27	  		 	36	  		 	173	  	
Fixed Annuities		 	23	  		 	26	  		 	24	  		 	27	  		 	100	  		 	21	  		 	16	  		 	26	  		 	29	  		 	92	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total U.S. Life Insurance segment		 	(482	) 		 	(322	) 		 	69	  		 	94	  		 	(641	) 		 	119	  		 	111	  		 	79	  		 	85	  		 	394	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total U.S. Life Insurance Division		 	(482	) 		 	(322	) 		 	69	  		 	94	  		 	(641	) 		 	119	  		 	111	  		 	79	  		 	85	  		 	394	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Global Mortgage Insurance Division				 																																					
International Mortgage Insurance segment:				 																																					
Canada		 	36	  		 	46	  		 	47	  		 	41	  		 	170	  		 	44	  		 	41	  		 	43	  		 	42	  		 	170	  	
Australia (1)		 	33	  		 	48	  		 	57	  		 	62	  		 	200	  		 	66	  		 	61	  		 	55	  		 	46	  		 	228	  	
Other Countries		 	(7	) 		 	(7	) 		 	(7	) 		 	(4	) 		 	(25	) 		 	(9	) 		 	(12	) 		 	(9	) 		 	(7	) 		 	(37	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total International Mortgage Insurance segment		 	62	  		 	87	  		 	97	  		 	99	  		 	345	  		 	101	  		 	90	  		 	89	  		 	81	  		 	361	  	
U.S. Mortgage Insurance segment		 	21	  		 	(2	) 		 	39	  		 	33	  		 	91	  		 	6	  		 	(3	) 		 	13	  		 	21	  		 	37	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Global Mortgage Insurance Division		 	83	  		 	85	  		 	136	  		 	132	  		 	436	  		 	107	  		 	87	  		 	102	  		 	102	  		 	398	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Corporate and Other Division				 																																					
International Protection segment		 	(4	) 		 	3	  		 	2	  		 	7	  		 	8	  		 	13	  		 	4	  		 	1	  		 	6	  		 	24	  	
Runoff segment		 	16	  		 	5	  		 	15	  		 	12	  		 	48	  		 	19	  		 	25	  		 	6	  		 	16	  		 	66	  	
Corporate and Other		 	(29	) 		 	(88	) 		 	(64	) 		 	(51	) 		 	(232	) 		 	(65	) 		 	(88	) 		 	(55	) 		 	(58	) 		 	(266	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Corporate and Other Division		 	(17	) 		 	(80	) 		 	(47	) 		 	(32	) 		 	(176	) 		 	(33	) 		 	(59	) 		 	(48	) 		 	(36	) 		 	(176	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		 	(416	) 		 	(317	) 		 	158	  		 	194	  		 	(381	) 		 	193	  		 	139	  		 	133	  		 	151	  		 	616	  	
ADJUSTMENTS TO NET OPERATING INCOME (LOSS):				 																																					
Net investment gains (losses), net		 	(4	) 		 	(10	) 		 	20	  		 	(10	) 		 	(4	) 		 	15	  		 	(13	) 		 	15	  		 	(28	) 		 	(11	) 	
Goodwill impairment, net		 	(274	) 		 	(517	) 		 	—  	  		 	—  	  		 	(791	) 		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Gains (losses) on early extinguishment of debt, net		 	—  	  		 	—  	  		 	(2	) 		 	—  	  		 	(2	) 		 	—  	  		 	(20	) 		 	—  	  		 	—  	  		 	(20	) 	
Tax impact from potential business portfolio changes		 	(66	) 		 	—  	  		 	—  	  		 	—  	  		 	(66	) 		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Expenses related to restructuring, net		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	(13	) 		 	—  	  		 	(13	) 	
Income (loss) from discontinued operations, net of taxes		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	2	  		 	6	  		 	(20	) 		 	(12	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		 	(760	) 		 	(844	) 		 	176	  		 	184	  		 	(1,244	) 		 	208	  		 	108	  		 	141	  		 	103	  		 	560	  	
Add: net income attributable to noncontrolling interests		 	52	  		 	57	  		 	52	  		 	35	  		 	196	  		 	37	  		 	40	  		 	39	  		 	38	  		 	154	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET INCOME (LOSS)		$	(708	) 		$	(787	) 		$	228	  		$	219	  		$	(1,048	) 		$	245	  		$	148	  		$	180	  		$	141	  		$	714	  	

Earnings (Loss) Per Share Data:																																									
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share																																									
Basic		$	(1.53	) 		$	(1.70	) 		$	0.35	  		$	0.37	  		$	(2.51	) 		$	0.42	  		$	0.22	  		$	0.29	  		$	0.21	  		$	1.13	  	
Diluted		$	(1.53	) 		$	(1.70	) 		$	0.35	  		$	0.37	  		$	(2.51	) 		$	0.41	  		$	0.22	  		$	0.28	  		$	0.21	  		$	1.12	  	
Net operating income (loss) per common share																																									
Basic		$	(0.84	) 		$	(0.64	) 		$	0.32	  		$	0.39	  		$	(0.77	) 		$	0.39	  		$	0.28	  		$	0.27	  		$	0.31	  		$	1.25	  	
Diluted		$	(0.84	) 		$	(0.64	) 		$	0.31	  		$	0.39	  		$	(0.77	) 		$	0.38	  		$	0.28	  		$	0.27	  		$	0.30	  		$	1.24	  	
Weighted-average common shares outstanding																																									
Basic		 	496.7	  		 	496.6	  		 	496.6	  		 	495.8	  		 	496.4	  		 	494.7	  		 	494.0	  		 	493.4	  		 	492.5	  		 	493.6	  	
Diluted (2)		 	496.7	  		 	496.6	  		 	503.6	  		 	502.7	  		 	496.4	  		 	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
December 31,	 		Twelve months ended
December 31,	 	
 		    2014    	 		    2013    	 		    2014    	 		    2013    	 	
Australia’s Net Operating Income		$	54	  		$	66	  		$	255	  		$	228	  	
Less: Net Operating Income Attributable to Noncontrolling Interests		 	21	  		 	—  	  		 	55	  		 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia’s Net Operating Income Available to Genworth Financial, Inc.’s Common Stockholders		$	33	  		$	66	  		$	200	  		$	228	  	

(2)  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the net loss and net operating loss for the three months ended September 30, 2014 and the three and twelve months ended December 31, 2014, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three months ended September 30, 2014 and the three and twelve months ended December 31, 2014, as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 5.4 million, 3.2 million and 5.6 million, respectively, would have been antidilutive to the calculation. If the company had not incurred a net loss and net operating loss for the three months ended September 30, 2014 and the three and twelve months ended December 31, 2014, dilutive potential weighted-average common shares outstanding would have been 502.0 million, 499.9 million and 502.0 million, respectively.	
 
9

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Consolidated Balance Sheets
(amounts in millions)

 	  	December 31,
2014	 	  	September 30,
2014	 	  	June 30,
2014	 	  	March 31,
2014	 	  	December 31,
2013	 	
ASSETS	  			 	  				  				  				  				
Investments:	  			 	  				  				  				  				
Fixed maturity securities available-for-sale, at fair value	  	$	62,447	  	  	$	62,317	  	  	$	62,360	  	  	$	60,244	  	  	$	58,629	  	
Equity securities available-for-sale, at fair value	  	 	282	  	  	 	313	  	  	 	320	  	  	 	349	  	  	 	341	  	
Commercial mortgage loans	  	 	6,100	  	  	 	6,077	  	  	 	5,986	  	  	 	5,894	  	  	 	5,899	  	
Restricted commercial mortgage loans related to securitization entities	  	 	201	  	  	 	209	  	  	 	217	  	  	 	227	  	  	 	233	  	
Policy loans	  	 	1,501	  	  	 	1,512	  	  	 	1,514	  	  	 	1,438	  	  	 	1,434	  	
Other invested assets	  	 	2,296	  	  	 	2,281	  	  	 	1,963	  	  	 	1,875	  	  	 	1,686	  	
Restricted other invested assets related to securitization entities	  	 	411	  	  	 	404	  	  	 	404	  	  	 	398	  	  	 	391	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total investments		 	73,238	  		 	73,113	  		 	72,764	  		 	70,425	  		 	68,613	  	
Cash and cash equivalents		 	4,918	  		 	3,477	  		 	4,138	  		 	4,360	  		 	4,214	  	
Accrued investment income		 	685	  		 	719	  		 	642	  		 	752	  		 	678	  	
Deferred acquisition costs		 	5,042	  		 	5,085	  		 	5,085	  		 	5,177	  		 	5,278	  	
Intangible assets		 	272	  		 	300	  		 	266	  		 	327	  		 	399	  	
Goodwill		 	16	  		 	316	  		 	867	  		 	866	  		 	867	  	
Reinsurance recoverable		 	17,346	  		 	17,374	  		 	17,276	  		 	17,234	  		 	17,219	  	
Other assets		 	633	  		 	710	  		 	695	  		 	691	  		 	639	  	
Separate account assets		 	9,208	  		 	9,420	  		 	9,911	  		 	9,933	  		 	10,138	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total assets		$	111,358	  		$	110,514	  		$	111,644	  		$	109,765	  		$	108,045	  	

10

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Consolidated Balance Sheets
(amounts in millions)

 	  	December 31,
2014	 	  	September 30,
2014	 	 	June 30,
2014	 	 	March 31,
2014	 	 	December 31,
2013	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  			 	  				 				 				 				
Liabilities:	  			 	  				 				 				 				
Future policy benefits	  	$	35,915	  	  	$	34,697	  	 	$	34,497	  	 	$	34,076	  	 	$	33,705	  	
Policyholder account balances	  	 	26,043	  	  	 	25,827	  	 	 	25,834	  	 	 	25,881	  	 	 	25,528	  	
Liability for policy and contract claims	  	 	8,043	  	  	 	7,987	  	 	 	7,223	  	 	 	7,156	  	 	 	7,204	  	
Unearned premiums	  	 	3,986	  	  	 	4,085	  	 	 	4,191	  	 	 	4,075	  	 	 	4,107	  	
Other liabilities	  	 	3,604	  	  	 	3,605	  	 	 	3,702	  	 	 	3,777	  	 	 	4,096	  	
Borrowings related to securitization entities	  	 	219	  	  	 	225	  	 	 	233	  	 	 	239	  	 	 	242	  	
Non-recourse funding obligations	  	 	1,996	  	  	 	2,010	  	 	 	2,024	  	 	 	2,030	  	 	 	2,038	  	
Long-term borrowings	  	 	4,639	  	  	 	4,662	  	 	 	4,691	  	 	 	5,150	  	 	 	5,161	  	
Deferred tax liability	  	 	908	  	  	 	875	  	 	 	1,074	  	 	 	714	  	 	 	206	  	
Separate account liabilities	  	 	9,208	  	  	 	9,420	  	 	 	9,911	  	 	 	9,933	  	 	 	10,138	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	94,561	  	  	 	93,393	  	 	 	93,380	  	 	 	93,031	  	 	 	92,425	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  			 	  				 				 				 				
Common stock	  	 	1	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	
Additional paid-in capital	  	 	11,997	  	  	 	11,991	  	 	 	11,986	  	 	 	12,124	  	 	 	12,127	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  			 	  				 				 				 				
Net unrealized investment gains (losses):	  			 	  				 				 				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	2,431	  	  	 	2,047	  	 	 	2,109	  	 	 	1,606	  	 	 	914	  	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	22	  	  	 	20	  	 	 	19	  	 	 	18	  	 	 	12	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	2,453	  	  	 	2,067	  	 	 	2,128	  	 	 	1,624	  	 	 	926	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	2,070	  	  	 	1,753	  	 	 	1,652	  	 	 	1,538	  	 	 	1,319	  	
Foreign currency translation and other adjustments	  	 	(77	) 	  	 	114	  	 	 	381	  	 	 	321	  	 	 	297	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income	  	 	4,446	  	  	 	3,934	  	 	 	4,161	  	 	 	3,483	  	 	 	2,542	  	
Retained earnings	  	 	1,179	  	  	 	1,939	  	 	 	2,783	  	 	 	2,607	  	 	 	2,423	  	
Treasury stock, at cost	  	 	(2,700	) 	  	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	14,923	  	  	 	15,165	  	 	 	16,231	  	 	 	15,515	  	 	 	14,393	  	
Noncontrolling interests	  	 	1,874	  	  	 	1,956	  	 	 	2,033	  	 	 	1,219	  	 	 	1,227	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	16,797	  	  	 	17,121	  	 	 	18,264	  	 	 	16,734	  	 	 	15,620	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	111,358	  	  	$	110,514	  	 	$	111,644	  	 	$	109,765	  	 	$	108,045	  	

11

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	December 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	  	$	61,555	  	  	$	8,540	  	  	$	2,240	  	 	$	1,455	  	  	$	2,602	  	 	$	2,449	  	 	$	78,841	  	
Deferred acquisition costs and intangible assets	  	 	4,589	  	  	 	179	  	  	 	24	  	 	 	215	  	  	 	311	  	 	 	12	  	 	 	5,330	  	
Reinsurance recoverable	  	 	16,408	  	  	 	23	  	  	 	27	  	 	 	32	  	  	 	856	  	 	 	—  	  	 	 	17,346	  	
Deferred tax and other assets	  	 	354	  	  	 	73	  	  	 	33	  	 	 	131	  	  	 	(6	) 	 	 	48	  	 	 	633	  	
Separate account assets	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	9,208	  	 	 	—  	  	 	 	9,208	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets		$	82,906	  		$	8,815	  		$	2,324	  		$	1,833	  		$	12,971	  		$	2,509	  		$	111,358	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY																													
Liabilities:																													
Future policy benefits		$	35,911	  		$	—  	  		$	—  	  		$	—  	  		$	4	  		$	—  	  		$	35,915	  	
Policyholder account balances		 	22,874	  		 	—  	  		 	—  	  		 	11	  		 	3,158	  		 	—  	  		 	26,043	  	
Liability for policy and contract claims		 	6,434	  		 	308	  		 	1,180	  		 	106	  		 	15	  		 	—  	  		 	8,043	  	
Unearned premiums		 	639	  		 	2,723	  		 	178	  		 	439	  		 	7	  		 	—  	  		 	3,986	  	
Non-recourse funding obligations		 	2,026	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	(30	) 		 	1,996	  	
Deferred tax and other liabilities		 	4,047	  		 	375	  		 	(719	) 		 	460	  		 	(208	) 		 	557	  		 	4,512	  	
Borrowings and capital securities		 	—  	  		 	488	  		 	—  	  		 	—  	  		 	13	  		 	4,357	  		 	4,858	  	
Separate account liabilities		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	9,208	  		 	—  	  		 	9,208	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities		 	71,931	  		 	3,894	  		 	639	  		 	1,016	  		 	12,197	  		 	4,884	  		 	94,561	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:																													
Allocated equity, excluding accumulated other comprehensive income (loss)		 	6,668	  		 	2,888	  		 	1,666	  		 	815	  		 	793	  		 	(2,353	) 		 	10,477	  	
Allocated accumulated other comprehensive income (loss)		 	4,307	  		 	159	  		 	19	  		 	2	  		 	(19	) 		 	(22	) 		 	4,446	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity		 	10,975	  		 	3,047	  		 	1,685	  		 	817	  		 	774	  		 	(2,375	) 		 	14,923	  	
Noncontrolling interests		 	—  	  		 	1,874	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	1,874	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity		 	10,975	  		 	4,921	  		 	1,685	  		 	817	  		 	774	  		 	(2,375	) 		 	16,797	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity		$	82,906	  		$	8,815	  		$	2,324	  		$	1,833	  		$	12,971	  		$	2,509	  		$	111,358	  	

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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	September 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	  	$	59,897	  	  	$	8,897	  	  	$	2,236	  	 	$	1,520	  	  	$	2,556	  	 	$	2,203	  	 	$	77,309	  	
Deferred acquisition costs and intangible assets	  	 	4,913	  	  	 	184	  	  	 	23	  	 	 	238	  	  	 	327	  	 	 	16	  	 	 	5,701	  	
Reinsurance recoverable	  	 	16,434	  	  	 	23	  	  	 	28	  	 	 	32	  	  	 	857	  	 	 	—  	  	 	 	17,374	  	
Deferred tax and other assets	  	 	370	  	  	 	119	  	  	 	35	  	 	 	153	  	  	 	(8	) 	 	 	41	  	 	 	710	  	
Separate account assets	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	9,420	  	 	 	—  	  	 	 	9,420	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	81,614	  	  	$	9,223	  	  	$	2,322	  	 	$	1,943	  	  	$	13,152	  	 	$	2,260	  	 	$	110,514	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  				  				  				 				  				 				 				
Liabilities:	  				  				  				 				  				 				 				
Future policy benefits	  	$	34,693	  	  	$	—  	  	  	$	—  	  	 	$	—  	  	  	$	4	  	 	$	—  	  	 	$	34,697	  	
Policyholder account balances	  	 	22,720	  	  	 	—  	  	  	 	—  	  	 	 	11	  	  	 	3,096	  	 	 	—  	  	 	 	25,827	  	
Liability for policy and contract claims	  	 	6,269	  	  	 	355	  	  	 	1,239	  	 	 	107	  	  	 	17	  	 	 	—  	  	 	 	7,987	  	
Unearned premiums	  	 	624	  	  	 	2,806	  	  	 	159	  	 	 	488	  	  	 	8	  	 	 	—  	  	 	 	4,085	  	
Non-recourse funding obligations	  	 	2,040	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	(30	) 	 	 	2,010	  	
Deferred tax and other liabilities	  	 	4,115	  	  	 	264	  	  	 	(728	) 	 	 	379	  	  	 	(73	) 	 	 	523	  	 	 	4,480	  	
Borrowings and capital securities	  	 	—  	  	  	 	511	  	  	 	—  	  	 	 	—  	  	  	 	13	  	 	 	4,363	  	 	 	4,887	  	
Separate account liabilities	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	9,420	  	 	 	—  	  	 	 	9,420	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	70,461	  	  	 	3,936	  	  	 	670	  	 	 	985	  	  	 	12,485	  	 	 	4,856	  	 	 	93,393	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  				  				  				 				  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	7,536	  	  	 	3,056	  	  	 	1,633	  	 	 	929	  	  	 	688	  	 	 	(2,611	) 	 	 	11,231	  	
Allocated accumulated other comprehensive income (loss)	  	 	3,617	  	  	 	275	  	  	 	19	  	 	 	29	  	  	 	(21	) 	 	 	15	  	 	 	3,934	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	11,153	  	  	 	3,331	  	  	 	1,652	  	 	 	958	  	  	 	667	  	 	 	(2,596	) 	 	 	15,165	  	
Noncontrolling interests	  	 	—  	  	  	 	1,956	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1,956	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	11,153	  	  	 	5,287	  	  	 	1,652	  	 	 	958	  	  	 	667	  	 	 	(2,596	) 	 	 	17,121	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	81,614	  	  	$	9,223	  	  	$	2,322	  	 	$	1,943	  	  	$	13,152	  	 	$	2,260	  	 	$	110,514	  	

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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH 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 September 30, 2014	  	$	4,726	  	 	$	153	  	 	$	15	  	 	$	215	  	 	$	312	  	 	$	—  	  	  	$	5,421	  	
Costs deferred	  	 	83	  	 	 	16	  	 	 	2	  	 	 	16	  	 	 	—  	  	 	 	—  	  	  	 	117	  	
Amortization, net of interest accretion	  	 	(77	) 	 	 	(11	) 	 	 	(1	) 	 	 	(26	) 	 	 	(13	) 	 	 	—  	  	  	 	(128	) 	
Impact of foreign currency translation	  	 	—  	  	 	 	(8	) 	 	 	—  	  	 	 	(12	) 	 	 	—  	  	 	 	—  	  	  	 	(20	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Unamortized balance as of December 31, 2014	  	 	4,732	  	 	 	150	  	 	 	16	  	 	 	193	  	 	 	299	  	 	 	—  	  	  	 	5,390	  	
Effect of accumulated net unrealized investment (gains) losses	  	 	(342	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(6	) 	 	 	—  	  	  	 	(348	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Balance as of December 31, 2014	  	$	4,390	  	 	$	150	  	 	$	16	  	 	$	193	  	 	$	293	  	 	$	—  	  	  	$	5,042	  	

(1)  	Amortization, net of interest accretion, included $1 million of amortization related to net investment losses 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

U.S. Life Insurance Division
 
15

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Net Operating Income (Loss)—U.S. Life Insurance Division
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	827	  	 	$	821	  	 	$	762	  	 	$	759	  	 	$	3,169	  	 	$	761	  	 	$	751	  	 	$	738	  	 	$	707	  	 	$	2,957	  	
Net investment income	  	 	676	  	 	 	658	  	 	 	671	  	 	 	660	  	 	 	2,665	  	 	 	675	  	 	 	650	  	 	 	658	  	 	 	638	  	 	 	2,621	  	
Net investment gains (losses)	  	 	12	  	 	 	1	  	 	 	25	  	 	 	3	  	 	 	41	  	 	 	(2	) 	 	 	(6	) 	 	 	17	  	 	 	(12	) 	 	 	(3	) 	
Insurance and investment product fees and other	  	 	180	  	 	 	186	  	 	 	175	  	 	 	171	  	 	 	712	  	 	 	185	  	 	 	192	  	 	 	190	  	 	 	188	  	 	 	755	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,695	  	 	 	1,666	  	 	 	1,633	  	 	 	1,593	  	 	 	6,587	  	 	 	1,619	  	 	 	1,587	  	 	 	1,603	  	 	 	1,521	  	 	 	6,330	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,981	  	 	 	1,722	  	 	 	1,087	  	 	 	1,030	  	 	 	5,820	  	 	 	1,036	  	 	 	924	  	 	 	1,041	  	 	 	974	  	 	 	3,975	  	
Interest credited	  	 	154	  	 	 	155	  	 	 	155	  	 	 	154	  	 	 	618	  	 	 	156	  	 	 	156	  	 	 	155	  	 	 	152	  	 	 	619	  	
Acquisition and operating expenses, net of deferrals	  	 	168	  	 	 	173	  	 	 	156	  	 	 	161	  	 	 	658	  	 	 	164	  	 	 	154	  	 	 	177	  	 	 	163	  	 	 	658	  	
Amortization of deferred acquisition costs and intangibles	  	 	98	  	 	 	91	  	 	 	81	  	 	 	75	  	 	 	345	  	 	 	78	  	 	 	139	  	 	 	80	  	 	 	87	  	 	 	384	  	
Goodwill impairment	  	 	299	  	 	 	550	  	 	 	—  	  	 	 	—  	  	 	 	849	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Interest expense	  	 	23	  	 	 	22	  	 	 	21	  	 	 	21	  	 	 	87	  	 	 	25	  	 	 	25	  	 	 	24	  	 	 	23	  	 	 	97	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,723	  	 	 	2,713	  	 	 	1,500	  	 	 	1,441	  	 	 	8,377	  	 	 	1,459	  	 	 	1,398	  	 	 	1,477	  	 	 	1,399	  	 	 	5,733	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(1,028	) 	 	 	(1,047	) 	 	 	133	  	 	 	152	  	 	 	(1,790	) 	 	 	160	  	 	 	189	  	 	 	126	  	 	 	122	  	 	 	597	  	
Provision (benefit) for income taxes	  	 	(278	) 	 	 	(211	) 	 	 	47	  	 	 	57	  	 	 	(385	) 	 	 	40	  	 	 	82	  	 	 	46	  	 	 	45	  	 	 	213	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(750	) 	 	 	(836	) 	 	 	86	  	 	 	95	  	 	 	(1,405	) 	 	 	120	  	 	 	107	  	 	 	80	  	 	 	77	  	 	 	384	  	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(6	) 	 	 	(3	) 	 	 	(17	) 	 	 	(1	) 	 	 	(27	) 	 	 	(1	) 	 	 	4	  	 	 	(10	) 	 	 	8	  	 	 	1	  	
Goodwill impairment, net	  	 	274	  	 	 	517	  	 	 	—  	  	 	 	—  	  	 	 	791	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	9	  	 	 	—  	  	 	 	9	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(482	) 	 	$	(322	) 	 	$	69	  	 	$	94	  	 	$	(641	) 	 	$	119	  	 	$	111	  	 	$	79	  	 	$	85	  	 	$	394	  	

Effective tax rate (operating income (loss)) (1)	  	 	34.7	% 	 	 	35.8	% 	 	 	35.6	% 	 	 	37.3	% 	 	 	34.7	% 	 	 	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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Net Operating Income (Loss)—U.S. Life Insurance Division
(amounts in millions)

 		U.S. Life Insurance Segment	 		 	 	
Three months ended December 31, 2014		Long-Term Care
Insurance	 		Life Insurance	 		Fixed Annuities	 		Total U.S. Life
Insurance Segment	 		Total	 	
REVENUES:																				 	
Premiums		$	607	  		$	175	  		$	45	  		$	827	  		$	827	  	
Net investment income		 	303	  		 	133	  		 	240	  		 	676	  		 	676	  	
Net investment gains (losses)		 	6	  		 	—  	  		 	6	  		 	12	  		 	12	  	
Insurance and investment product fees and other		 	—  	  		 	179	  		 	1	  		 	180	  		 	180	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	916	  		 	487	  		 	292	  		 	1,695	  		 	1,695	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:																				 	
Benefits and other changes in policy reserves		 	1,545	  		 	315	  		 	121	  		 	1,981	  		 	1,981	  	
Interest credited		 	—  	  		 	67	  		 	87	  		 	154	  		 	154	  	
Acquisition and operating expenses, net of deferrals		 	106	  		 	45	  		 	17	  		 	168	  		 	168	  	
Amortization of deferred acquisition costs and intangibles		 	34	  		 	36	  		 	28	  		 	98	  		 	98	  	
Goodwill impairment		 	154	  		 	145	  		 	—  	  		 	299	  		 	299	  	
Interest expense		 	—  	  		 	23	  		 	—  	  		 	23	  		 	23	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	1,839	  		 	631	  		 	253	  		 	2,723	  		 	2,723	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(923	) 		 	(144	) 		 	39	  		 	(1,028	) 		 	(1,028	) 	
Provision (benefit) for income taxes		 	(291	) 		 	—  	  		 	13	  		 	(278	) 		 	(278	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	(632	) 		 	(144	) 		 	26	  		 	(750	) 		 	(750	) 	
					 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:																				 	
Net investment (gains) losses, net		 	(3	) 		 	—  	  		 	(3	) 		 	(6	) 		 	(6	) 	
Goodwill impairment, net		 	129	  		 	145	  		 	—  	  		 	274	  		 	274	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)		$	(506	) 		$	1	  		$	23	  		$	(482	) 		$	(482	) 	

						
Effective tax rate (operating income (loss))		 	34.6	% 		 	NM 	(1)  		 	33.3	% 		 	34.7	% 		 	34.7	% 	

 		U.S. Life Insurance Segment	 		 	 	
Three months ended December 31, 2013		Long-Term Care
Insurance	 		Life Insurance	 		Fixed Annuities	 		Total U.S. Life
Insurance Segment	 		Total	 	
REVENUES:																				 	
Premiums		$	582	  		$	164	  		$	15	  		$	761	  		$	761	  	
Net investment income		 	291	  		 	139	  		 	245	  		 	675	  		 	675	  	
Net investment gains (losses)		 	(4	) 		 	8	  		 	(6	) 		 	(2	) 		 	(2	) 	
Insurance and investment product fees and other		 	—  	  		 	183	  		 	2	  		 	185	  		 	185	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	869	  		 	494	  		 	256	  		 	1,619	  		 	1,619	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:																				 	
Benefits and other changes in policy reserves		 	701	  		 	241	  		 	94	  		 	1,036	  		 	1,036	  	
Interest credited		 	—  	  		 	66	  		 	90	  		 	156	  		 	156	  	
Acquisition and operating expenses, net of deferrals		 	94	  		 	47	  		 	23	  		 	164	  		 	164	  	
Amortization of deferred acquisition costs and intangibles		 	27	  		 	31	  		 	20	  		 	78	  		 	78	  	
Interest expense		 	—  	  		 	25	  		 	—  	  		 	25	  		 	25	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	822	  		 	410	  		 	227	  		 	1,459	  		 	1,459	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	47	  		 	84	  		 	29	  		 	160	  		 	160	  	
Provision for income taxes		 	8	  		 	22	  		 	10	  		 	40	  		 	40	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS		 	39	  		 	62	  		 	19	  		 	120	  		 	120	  	
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:																				 	
Net investment (gains) losses, net		 	3	  		 	(6	) 		 	2	  		 	(1	) 		 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME		$	42	  		$	56	  		$	21	  		$	119	  		$	119	  	

						
Effective tax rate (operating income)		 	19.8	% 		 	25.6	% 		 	33.6	% 		 	25.3	% 		 	25.3	% 	

(1)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
17

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Net Operating Income (Loss)—U.S. Life Insurance Division
(amounts in millions)

 		U.S. Life Insurance Segment	 		 	 	
Twelve months ended December 31, 2014		Long-Term Care
Insurance	 		Life Insurance	 		Fixed Annuities	 		Total U.S. Life
Insurance Segment	 		Total	 	
REVENUES:																				 	
Premiums		$	2,336	  		$	722	  		$	111	  		$	3,169	  		$	3,169	  	
Net investment income		 	1,178	  		 	521	  		 	966	  		 	2,665	  		 	2,665	  	
Net investment gains (losses)		 	8	  		 	34	  		 	(1	) 		 	41	  		 	41	  	
Insurance and investment product fees and other		 	1	  		 	704	  		 	7	  		 	712	  		 	712	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	3,523	  		 	1,981	  		 	1,083	  		 	6,587	  		 	6,587	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:																				 	
Benefits and other changes in policy reserves		 	4,257	  		 	1,146	  		 	417	  		 	5,820	  		 	5,820	  	
Interest credited		 	—  	  		 	266	  		 	352	  		 	618	  		 	618	  	
Acquisition and operating expenses, net of deferrals		 	399	  		 	192	  		 	67	  		 	658	  		 	658	  	
Amortization of deferred acquisition costs and intangibles		 	112	  		 	140	  		 	93	  		 	345	  		 	345	  	
Goodwill impairment		 	354	  		 	495	  		 	—  	  		 	849	  		 	849	  	
Interest expense		 	—  	  		 	87	  		 	—  	  		 	87	  		 	87	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	5,122	  		 	2,326	  		 	929	  		 	8,377	  		 	8,377	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(1,599	) 		 	(345	) 		 	154	  		 	(1,790	) 		 	(1,790	) 	
Provision (benefit) for income taxes		 	(493	) 		 	54	  		 	54	  		 	(385	) 		 	(385	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	(1,106	) 		 	(399	) 		 	100	  		 	(1,405	) 		 	(1,405	) 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:																				 	
Net investment (gains) losses, net		 	(5	) 		 	(22	) 		 	—  	  		 	(27	) 		 	(27	) 	
Goodwill impairment, net		 	296	  		 	495	  		 	—  	  		 	791	  		 	791	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)		$	(815	) 		$	74	  		$	100	  		$	(641	) 		$	(641	) 	

						
Effective tax rate (operating income (loss))		 	34.9	% 		 	36.2	% 		 	35.0	% 		 	34.7	% 		 	34.7	% 	

 	  	U.S. Life Insurance Segment	 	 	 	 	
Twelve months ended December 31, 2013	  	Long-Term Care
Insurance	 	 	Life Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	2,209	  	 	$	684	  	 	$	64	  	 	$	2,957	  	 	$	2,957	  	
Net investment income	  	 	1,114	  	 	 	541	  	 	 	966	  	 	 	2,621	  	 	 	2,621	  	
Net investment gains (losses)	  	 	(11	) 	 	 	13	  	 	 	(5	) 	 	 	(3	) 	 	 	(3	) 	
Insurance and investment product fees and other	  	 	4	  	 	 	744	  	 	 	7	  	 	 	755	  	 	 	755	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	3,316	  		 	1,982	  		 	1,032	  		 	6,330	  		 	6,330	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:																				 	
Benefits and other changes in policy reserves		 	2,651	  		 	945	  		 	379	  		 	3,975	  		 	3,975	  	
Interest credited		 	—  	  		 	266	  		 	353	  		 	619	  		 	619	  	
Acquisition and operating expenses, net of deferrals		 	385	  		 	194	  		 	79	  		 	658	  		 	658	  	
Amortization of deferred acquisition costs and intangibles		 	107	  		 	192	  		 	85	  		 	384	  		 	384	  	
Interest expense		 	—  	  		 	97	  		 	—  	  		 	97	  		 	97	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	3,143	  		 	1,694	  		 	896	  		 	5,733	  		 	5,733	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	173	  		 	288	  		 	136	  		 	597	  		 	597	  	
Provision for income taxes		 	57	  		 	108	  		 	48	  		 	213	  		 	213	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS		 	116	  		 	180	  		 	88	  		 	384	  		 	384	  	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:																				 	
Net investment (gains) losses, net		 	7	  		 	(9	) 		 	3	  		 	1	  		 	1	  	
Expenses related to restructuring, net		 	6	  		 	2	  		 	1	  		 	9	  		 	9	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME		$	129	  		$	173	  		$	92	  		$	394	  		$	394	  	

						
Effective tax rate (operating income)		 	33.3	% 		 	37.6	% 		 	35.3	% 		 	35.7	% 		 	35.7	% 	
 
18

U.S. Life Insurance Segment
 
19

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	607	  	 	$	587	  	 	$	577	  	 	$	565	  	 	$	2,336	  	 	$	582	  	 	$	564	  	 	$	550	  	 	$	513	  	 	$	2,209	  	
Net investment income	  	 	303	  	 	 	293	  	 	 	292	  	 	 	290	  	 	 	1,178	  	 	 	291	  	 	 	282	  	 	 	277	  	 	 	264	  	 	 	1,114	  	
Net investment gains (losses)	  	 	6	  	 	 	(1	) 	 	 	3	  	 	 	—  	  	 	 	8	  	 	 	(4	) 	 	 	(2	) 	 	 	(2	) 	 	 	(3	) 	 	 	(11	) 	
Insurance and investment product fees and other	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	4	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	916	  	 	 	879	  	 	 	872	  	 	 	856	  	 	 	3,523	  	 	 	869	  	 	 	846	  	 	 	826	  	 	 	775	  	 	 	3,316	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,545	  	 	 	1,313	  	 	 	735	  	 	 	664	  	 	 	4,257	  	 	 	701	  	 	 	659	  	 	 	663	  	 	 	628	  	 	 	2,651	  	
Interest credited	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	  	 	106	  	 	 	103	  	 	 	97	  	 	 	93	  	 	 	399	  	 	 	94	  	 	 	90	  	 	 	107	  	 	 	94	  	 	 	385	  	
Amortization of deferred acquisition costs and intangibles	  	 	34	  	 	 	25	  	 	 	27	  	 	 	26	  	 	 	112	  	 	 	27	  	 	 	31	  	 	 	24	  	 	 	25	  	 	 	107	  	
Goodwill impairment	  	 	154	  	 	 	200	  	 	 	—  	  	 	 	—  	  	 	 	354	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Interest expense	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,839	  	 	 	1,641	  	 	 	859	  	 	 	783	  	 	 	5,122	  	 	 	822	  	 	 	780	  	 	 	794	  	 	 	747	  	 	 	3,143	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(923	) 	 	 	(762	) 	 	 	13	  	 	 	73	  	 	 	(1,599	) 	 	 	47	  	 	 	66	  	 	 	32	  	 	 	28	  	 	 	173	  	
Provision (benefit) for income taxes	  	 	(291	) 	 	 	(234	) 	 	 	5	  	 	 	27	  	 	 	(493	) 	 	 	8	  	 	 	26	  	 	 	13	  	 	 	10	  	 	 	57	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(632	) 	 	 	(528	) 	 	 	8	  	 	 	46	  	 	 	(1,106	) 	 	 	39	  	 	 	40	  	 	 	19	  	 	 	18	  	 	 	116	  	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(3	) 	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	(5	) 	 	 	3	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	7	  	
Goodwill impairment, net	  	 	129	  	 	 	167	  	 	 	—  	  	 	 	—  	  	 	 	296	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	6	  	 	 	—  	  	 	 	6	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(506	) 	 	$	(361	) 	 	$	6	  	 	$	46	  	 	$	(815	) 	 	$	42	  	 	$	41	  	 	$	26	  	 	$	20	  	 	$	129	  	

Effective tax rate (operating income (loss))	  	 	34.6	% 	 	 	35.7	% 	 	 	37.1	% 	 	 	37.0	% 	 	 	34.9	% 	 	 	19.8	% 	 	 	38.6	% 	 	 	40.2	% 	 	 	35.4	% 	 	 	33.3	% 	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
Individual Long-Term Care Insurance	  	$	17	  	 	$	28	  	 	$	24	  	 	$	21	  	 	$	90	  	 	$	24	  	 	$	37	  	 	$	38	  	 	$	35	  	 	$	134	  	
Group Long-Term Care Insurance	  	 	6	  	 	 	1	  	 	 	2	  	 	 	1	  	 	 	10	  	 	 	2	  	 	 	3	  	 	 	5	  	 	 	5	  	 	 	15	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	23	  	 	$	29	  	 	$	26	  	 	$	22	  	 	$	100	  	 	$	26	  	 	$	40	  	 	$	43	  	 	$	40	  	 	$	149	  	

RATIOS:	  				 				 				 				 				 				 				 				 				 				
Loss Ratio (1)	  	 	200.1	% 	 	 	173.0	% 	 	 	73.2	% 	 	 	63.3	% 	 	 	128.8	% 	 	 	68.2	% 	 	 	63.7	% 	 	 	66.6	% 	 	 	66.2	% 	 	 	66.2	% 	
Gross Benefits Ratio (2)	  	 	254.4	% 	 	 	224.1	% 	 	 	127.3	% 	 	 	117.5	% 	 	 	182.2	% 	 	 	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.	
 
20

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	175	  	 	$	193	  	 	$	171	  	 	$	183	  	 	$	722	  	 	$	164	  	 	$	166	  	 	$	173	  	 	$	181	  	 	$	684	  	
Net investment income	  	 	133	  	 	 	123	  	 	 	137	  	 	 	128	  	 	 	521	  	 	 	139	  	 	 	138	  	 	 	133	  	 	 	131	  	 	 	541	  	
Net investment gains (losses)	  	 	—  	  	 	 	10	  	 	 	23	  	 	 	1	  	 	 	34	  	 	 	8	  	 	 	—  	  	 	 	9	  	 	 	(4	) 	 	 	13	  	
Insurance and investment product fees and other	  	 	179	  	 	 	184	  	 	 	173	  	 	 	168	  	 	 	704	  	 	 	183	  	 	 	188	  	 	 	187	  	 	 	186	  	 	 	744	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	487	  	 	 	510	  	 	 	504	  	 	 	480	  	 	 	1,981	  	 	 	494	  	 	 	492	  	 	 	502	  	 	 	494	  	 	 	1,982	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	315	  	 	 	293	  	 	 	257	  	 	 	281	  	 	 	1,146	  	 	 	241	  	 	 	160	  	 	 	280	  	 	 	264	  	 	 	945	  	
Interest credited	  	 	67	  	 	 	67	  	 	 	66	  	 	 	66	  	 	 	266	  	 	 	66	  	 	 	68	  	 	 	68	  	 	 	64	  	 	 	266	  	
Acquisition and operating expenses, net of deferrals	  	 	45	  	 	 	52	  	 	 	45	  	 	 	50	  	 	 	192	  	 	 	47	  	 	 	47	  	 	 	50	  	 	 	50	  	 	 	194	  	
Amortization of deferred acquisition costs and intangibles	  	 	36	  	 	 	46	  	 	 	32	  	 	 	26	  	 	 	140	  	 	 	31	  	 	 	88	  	 	 	33	  	 	 	40	  	 	 	192	  	
Goodwill impairment	  	 	145	  	 	 	350	  	 	 	—  	  	 	 	—  	  	 	 	495	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Interest expense	  	 	23	  	 	 	22	  	 	 	21	  	 	 	21	  	 	 	87	  	 	 	25	  	 	 	25	  	 	 	24	  	 	 	23	  	 	 	97	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	631	  	 	 	830	  	 	 	421	  	 	 	444	  	 	 	2,326	  	 	 	410	  	 	 	388	  	 	 	455	  	 	 	441	  	 	 	1,694	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(144	) 	 	 	(320	) 	 	 	83	  	 	 	36	  	 	 	(345	) 	 	 	84	  	 	 	104	  	 	 	47	  	 	 	53	  	 	 	288	  	
Provision for income taxes	  	 	—  	  	 	 	11	  	 	 	29	  	 	 	14	  	 	 	54	  	 	 	22	  	 	 	50	  	 	 	16	  	 	 	20	  	 	 	108	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(144	) 	 	 	(331	) 	 	 	54	  	 	 	22	  	 	 	(399	) 	 	 	62	  	 	 	54	  	 	 	31	  	 	 	33	  	 	 	180	  	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	—  	  	 	 	(6	) 	 	 	(15	) 	 	 	(1	) 	 	 	(22	) 	 	 	(6	) 	 	 	—  	  	 	 	(6	) 	 	 	3	  	 	 	(9	) 	
Goodwill impairment, net	  	 	145	  	 	 	350	  	 	 	—  	  	 	 	—  	  	 	 	495	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	1	  	 	$	13	  	 	$	39	  	 	$	21	  	 	$	74	  	 	$	56	  	 	$	54	  	 	$	27	  	 	$	36	  	 	$	173	  	

Effective tax rate (operating income)	  	 	NM 	(1)  	 	 	35.2	% 	 	 	35.4	% 	 	 	39.3	% 	 	 	36.2	% 	 	 	25.6	% 	 	 	47.5	% 	 	 	34.4	% 	 	 	37.6	% 	 	 	37.6	% 	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
											
Sales by Product:	  				 				 				 				 				 				 				 				 				 				
Term Life	  	$	11	  	 	$	13	  	 	$	14	  	 	$	13	  	 	$	51	  	 	$	9	  	 	$	5	  	 	$	4	  	 	$	4	  	 	$	22	  	
Term Universal Life	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	
Universal Life	  	 	7	  	 	 	11	  	 	 	7	  	 	 	6	  	 	 	31	  	 	 	5	  	 	 	5	  	 	 	5	  	 	 	9	  	 	 	24	  	
Linked-Benefits	  	 	5	  	 	 	4	  	 	 	5	  	 	 	2	  	 	 	16	  	 	 	3	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	10	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	23	  	 	$	28	  	 	$	26	  	 	$	21	  	 	$	98	  	 	$	17	  	 	$	12	  	 	$	12	  	 	$	16	  	 	$	57	  	

 

(1)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
21

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014

Life Insurance In-Force
(amounts in millions)

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	
Term and Whole Life Insurance	  			 	  				  				  				  				  				  				  				
Life insurance in-force, net of reinsurance	  	$	353,631	  	  	$	350,946	  	  	$	341,383	  	  	$	338,372	  	  	$	336,015	  	  	$	335,039	  	  	$	336,008	  	  	$	338,014	  	
Life insurance in-force before reinsurance	  	$	522,761	  	  	$	523,784	  	  	$	524,743	  	  	$	523,925	  	  	$	523,694	  	  	$	525,171	  	  	$	528,874	  	  	$	534,194	  	
	 								
Term Universal Life Insurance	  			 	  				  				  				  				  				  				  				
Life insurance in-force, net of reinsurance	  	$	128,289	  	  	$	129,268	  	  	$	130,270	  	  	$	131,256	  	  	$	132,293	  	  	$	133,500	  	  	$	134,868	  	  	$	136,222	  	
Life insurance in-force before reinsurance	  	$	129,296	  	  	$	130,285	  	  	$	131,296	  	  	$	132,294	  	  	$	133,348	  	  	$	134,555	  	  	$	135,937	  	  	$	137,297	  	
	 								
Universal Life Insurance	  			 	  				  				  				  				  				  				  				
Life insurance in-force, net of reinsurance	  	$	41,959	  	  	$	42,119	  	  	$	42,454	  	  	$	42,814	  	  	$	43,150	  	  	$	43,447	  	  	$	43,773	  	  	$	44,051	  	
Life insurance in-force before reinsurance	  	$	48,570	  	  	$	48,821	  	  	$	49,004	  	  	$	49,418	  	  	$	49,790	  	  	$	50,203	  	  	$	50,558	  	  	$	50,906	  	
	 								
Total Life Insurance	  			 	  				  				  				  				  				  				  				
Life insurance in-force, net of reinsurance	  	$	523,879	  	  	$	522,333	  	  	$	514,107	  	  	$	512,442	  	  	$	511,458	  	  	$	511,986	  	  	$	514,649	  	  	$	518,287	  	
Life insurance in-force before reinsurance	  	$	700,627	  	  	$	702,890	  	  	$	705,043	  	  	$	705,637	  	  	$	706,832	  	  	$	709,929	  	  	$	715,369	  	  	$	722,397	  	
 
22

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	45	  	 	$	41	  	 	$	14	  	 	$	11	  	 	$	111	  	 	$	15	  	 	$	21	  	 	$	15	  	 	$	13	  	 	$	64	  	
Net investment income	  	 	240	  	 	 	242	  	 	 	242	  	 	 	242	  	 	 	966	  	 	 	245	  	 	 	230	  	 	 	248	  	 	 	243	  	 	 	966	  	
Net investment gains (losses)	  	 	6	  	 	 	(8	) 	 	 	(1	) 	 	 	2	  	 	 	(1	) 	 	 	(6	) 	 	 	(4	) 	 	 	10	  	 	 	(5	) 	 	 	(5	) 	
Insurance and investment product fees and other	  	 	1	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	7	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	1	  	 	 	7	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	292	  	 	 	277	  	 	 	257	  	 	 	257	  	 	 	1,083	  	 	 	256	  	 	 	249	  	 	 	275	  	 	 	252	  	 	 	1,032	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	121	  	 	 	116	  	 	 	95	  	 	 	85	  	 	 	417	  	 	 	94	  	 	 	105	  	 	 	98	  	 	 	82	  	 	 	379	  	
Interest credited	  	 	87	  	 	 	88	  	 	 	89	  	 	 	88	  	 	 	352	  	 	 	90	  	 	 	88	  	 	 	87	  	 	 	88	  	 	 	353	  	
Acquisition and operating expenses, net of deferrals	  	 	17	  	 	 	18	  	 	 	14	  	 	 	18	  	 	 	67	  	 	 	23	  	 	 	17	  	 	 	20	  	 	 	19	  	 	 	79	  	
Amortization of deferred acquisition costs and intangibles	  	 	28	  	 	 	20	  	 	 	22	  	 	 	23	  	 	 	93	  	 	 	20	  	 	 	20	  	 	 	23	  	 	 	22	  	 	 	85	  	
Interest expense	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	253	  	 	 	242	  	 	 	220	  	 	 	214	  	 	 	929	  	 	 	227	  	 	 	230	  	 	 	228	  	 	 	211	  	 	 	896	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	39	  	 	 	35	  	 	 	37	  	 	 	43	  	 	 	154	  	 	 	29	  	 	 	19	  	 	 	47	  	 	 	41	  	 	 	136	  	
Provision for income taxes	  	 	13	  	 	 	12	  	 	 	13	  	 	 	16	  	 	 	54	  	 	 	10	  	 	 	6	  	 	 	17	  	 	 	15	  	 	 	48	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	26	  	 	 	23	  	 	 	24	  	 	 	27	  	 	 	100	  	 	 	19	  	 	 	13	  	 	 	30	  	 	 	26	  	 	 	88	  	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(3	) 	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	3	  	 	 	(5	) 	 	 	3	  	 	 	3	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	23	  	 	$	26	  	 	$	24	  	 	$	27	  	 	$	100	  	 	$	21	  	 	$	16	  	 	$	26	  	 	$	29	  	 	$	92	  	

Effective tax rate (operating income)	  	 	33.3	% 	 	 	34.8	% 	 	 	35.5	% 	 	 	36.2	% 	 	 	35.0	% 	 	 	33.6	% 	 	 	35.4	% 	 	 	36.3	% 	 	 	35.5	% 	 	 	35.3	% 	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
Sales by Product:	  				 				 				 				 				 				 				 				 				 				
Single Premium Deferred Annuities	  	$	439	  	 	$	322	  	 	$	400	  	 	$	492	  	 	$	1,653	  	 	$	678	  	 	$	707	  	 	$	164	  	 	$	67	  	 	$	1,616	  	
Single Premium Immediate Annuities	  	 	56	  	 	 	49	  	 	 	29	  	 	 	28	  	 	 	162	  	 	 	52	  	 	 	53	  	 	 	48	  	 	 	40	  	 	 	193	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	495	  	 	$	371	  	 	$	429	  	 	$	520	  	 	$	1,815	  	 	$	730	  	 	$	760	  	 	$	212	  	 	$	107	  	 	$	1,809	  	

 
23

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

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Single Premium Deferred Annuities	  			 	  				  				  				  				  				 				 				 				 				
Account value, beginning of the period	  	$	12,292	  	  	$	12,233	  	  	$	12,070	  	  	$	11,807	  	  	$	11,807	  	  	$	11,341	  	 	$	10,842	  	 	$	10,881	  	 	$	11,038	  	 	$	11,038	  	
Deposits	  	 	475	  	  	 	324	  	  	 	404	  	  	 	496	  	  	 	1,699	  	  	 	686	  	 	 	714	  	 	 	166	  	 	 	68	  	 	 	1,634	  	
Surrenders, benefits and product charges	  	 	(407	) 	  	 	(344	) 	  	 	(320	) 	  	 	(312	) 	  	 	(1,383	) 	  	 	(300	) 	 	 	(293	) 	 	 	(281	) 	 	 	(302	) 	 	 	(1,176	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	68	  	  	 	(20	) 	  	 	84	  	  	 	184	  	  	 	316	  	  	 	386	  	 	 	421	  	 	 	(115	) 	 	 	(234	) 	 	 	458	  	
Interest credited	  	 	77	  	  	 	79	  	  	 	79	  	  	 	79	  	  	 	314	  	  	 	80	  	 	 	78	  	 	 	76	  	 	 	77	  	 	 	311	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	  	 	12,437	  	  	 	12,292	  	  	 	12,233	  	  	 	12,070	  	  	 	12,437	  	  	 	11,807	  	 	 	11,341	  	 	 	10,842	  	 	 	10,881	  	 	 	11,807	  	

Single Premium Immediate Annuities	  			 	  				  				  				  				  				 				 				 				 				
Account value, beginning of the period	  	 	5,782	  	  	 	5,891	  	  	 	5,875	  	  	 	5,837	  	  	 	5,837	  	  	 	5,931	  	 	 	6,010	  	 	 	6,319	  	 	 	6,442	  	 	 	6,442	  	
Premiums and deposits	  	 	83	  	  	 	83	  	  	 	59	  	  	 	49	  	  	 	274	  	  	 	91	  	 	 	80	  	 	 	71	  	 	 	65	  	 	 	307	  	
Surrenders, benefits and product charges	  	 	(215	) 	  	 	(209	) 	  	 	(213	) 	  	 	(215	) 	  	 	(852	) 	  	 	(221	) 	 	 	(214	) 	 	 	(228	) 	 	 	(235	) 	 	 	(898	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(132	) 	  	 	(126	) 	  	 	(154	) 	  	 	(166	) 	  	 	(578	) 	  	 	(130	) 	 	 	(134	) 	 	 	(157	) 	 	 	(170	) 	 	 	(591	) 	
Interest credited	  	 	65	  	  	 	66	  	  	 	67	  	  	 	68	  	  	 	266	  	  	 	69	  	 	 	71	  	 	 	72	  	 	 	73	  	 	 	285	  	
Effect of accumulated net unrealized investment gains (losses)	  	 	48	  	  	 	(49	) 	  	 	103	  	  	 	136	  	  	 	238	  	  	 	(33	) 	 	 	(16	) 	 	 	(224	) 	 	 	(26	) 	 	 	(299	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	  	 	5,763	  	  	 	5,782	  	  	 	5,891	  	  	 	5,875	  	  	 	5,763	  	  	 	5,837	  	 	 	5,931	  	 	 	6,010	  	 	 	6,319	  	 	 	5,837	  	

Structured Settlements	  			 	  				  				  				  				  				 				 				 				 				
Account value, net of reinsurance, beginning of the period	  	 	1,082	  	  	 	1,085	  	  	 	1,092	  	  	 	1,093	  	  	 	1,093	  	  	 	1,095	  	 	 	1,097	  	 	 	1,101	  	 	 	1,101	  	 	 	1,101	  	
Surrenders, benefits and product charges	  	 	(18	) 	  	 	(18	) 	  	 	(21	) 	  	 	(15	) 	  	 	(72	) 	  	 	(16	) 	 	 	(17	) 	 	 	(18	) 	 	 	(15	) 	 	 	(66	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(18	) 	  	 	(18	) 	  	 	(21	) 	  	 	(15	) 	  	 	(72	) 	  	 	(16	) 	 	 	(17	) 	 	 	(18	) 	 	 	(15	) 	 	 	(66	) 	
Interest credited	  	 	14	  	  	 	15	  	  	 	14	  	  	 	14	  	  	 	57	  	  	 	14	  	 	 	15	  	 	 	14	  	 	 	15	  	 	 	58	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of the period	  	 	1,078	  	  	 	1,082	  	  	 	1,085	  	  	 	1,092	  	  	 	1,078	  	  	 	1,093	  	 	 	1,095	  	 	 	1,097	  	 	 	1,101	  	 	 	1,093	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Fixed Annuities	  	$	19,278	  	  	$	19,156	  	  	$	19,209	  	  	$	19,037	  	  	$	19,278	  	  	$	18,737	  	 	$	18,367	  	 	$	17,949	  	 	$	18,301	  	 	$	18,737	  	

 
24

Global Mortgage Insurance Division
 
25

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	387	  	 	$	388	  	 	$	381	  	 	$	372	  	 	$	1,528	  	 	$	390	  	 	$	380	  	 	$	392	  	 	$	388	  	 	$	1,550	  	
Net investment income	  	 	87	  	 	 	97	  	 	 	86	  	 	 	92	  	 	 	362	  	 	 	93	  	 	 	98	  	 	 	95	  	 	 	107	  	 	 	393	  	
Net investment gains (losses)	  	 	(4	) 	 	 	(4	) 	 	 	12	  	 	 	(3	) 	 	 	1	  	 	 	9	  	 	 	7	  	 	 	13	  	 	 	3	  	 	 	32	  	
Insurance and investment product fees and other	  	 	(4	) 	 	 	(7	) 	 	 	(3	) 	 	 	2	  	 	 	(12	) 	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	466	  		 	474	  		 	476	  		 	463	  		 	1,879	  		 	493	  		 	485	  		 	500	  		 	499	  		 	1,977	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:				 																																					
Benefits and other changes in policy reserves		 	145	  		 	199	  		 	107	  		 	110	  		 	561	  		 	172	  		 	196	  		 	177	  		 	184	  		 	729	  	
Acquisition and operating expenses, net of deferrals		 	101	  		 	87	  		 	93	  		 	82	  		 	363	  		 	107	  		 	91	  		 	96	  		 	91	  		 	385	  	
Amortization of deferred acquisition costs and intangibles		 	16	  		 	16	  		 	17	  		 	17	  		 	66	  		 	15	  		 	15	  		 	19	  		 	17	  		 	66	  	
Interest expense		 	7	  		 	8	  		 	8	  		 	8	  		 	31	  		 	7	  		 	9	  		 	8	  		 	9	  		 	33	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	269	  		 	310	  		 	225	  		 	217	  		 	1,021	  		 	301	  		 	311	  		 	300	  		 	301	  		 	1,213	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	197	  		 	164	  		 	251	  		 	246	  		 	858	  		 	192	  		 	174	  		 	200	  		 	198	  		 	764	  	
Provision for income taxes		 	237	  		 	24	  		 	61	  		 	80	  		 	402	  		 	44	  		 	45	  		 	55	  		 	57	  		 	201	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	(40	) 		 	140	  		 	190	  		 	166	  		 	456	  		 	148	  		 	129	  		 	145	  		 	141	  		 	563	  	
Less: net income attributable to noncontrolling interests		 	52	  		 	57	  		 	52	  		 	35	  		 	196	  		 	37	  		 	40	  		 	39	  		 	38	  		 	154	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		 	(92	) 		 	83	  		 	138	  		 	131	  		 	260	  		 	111	  		 	89	  		 	106	  		 	103	  		 	409	  	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:				 																																					
Net investment (gains) losses, net		 	1	  		 	2	  		 	(4	) 		 	1	  		 	—  	  		 	(4	) 		 	(2	) 		 	(5	) 		 	(1	) 		 	(12	) 	
(Gains) losses on early extinguishment of debt, net		 	—  	  		 	—  	  		 	2	  		 	—  	  		 	2	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Tax impact from potential business portfolio changes		 	174	  		 	—  	  		 	—  	  		 	—  	  		 	174	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Expenses related to restructuring, net		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	1	  		 	—  	  		 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 		$	83	  		$	85	  		$	136	  		$	132	  		$	436	  		$	107	  		$	87	  		$	102	  		$	102	  		$	398	  	

Effective tax rate (operating income)		 	34.0	%  		 	11.3	%  		 	23.3	%  		 	33.9	%  		 	27.2	%  		 	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 $88 million and $469 million for the three and twelve months ended December 31, 2014, respectively.	
 
26

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

 		International Mortgage Insurance Segment	 		 	 		 	 	
Three months ended December 31, 2014		Canada	 		Australia	 		Other
Countries	 		Total International
Mortgage Insurance
Segment	 		U.S. Mortgage
Insurance
Segment	 		Total	 	
REVENUES:																								 	
Premiums		$	127	  		$	102	  		$	7	  		$	236	  		$	151	  		$	387	  	
Net investment income		 	38	  		 	36	  		 	2	  		 	76	  		 	11	  		 	87	  	
Net investment gains (losses)		 	(7	) 		 	3	  		 	—  	  		 	(4	) 		 	—  	  		 	(4	) 	
Insurance and investment product fees and other		 	—  	  		 	(5	) 		 	—  	  		 	(5	) 		 	1	  		 	(4	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues		 	158	  		 	136	  		 	9	  		 	303	  		 	163	  		 	466	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:																								 	
Benefits and other changes in policy reserves		 	33	  		 	15	  		 	6	  		 	54	  		 	91	  		 	145	  	
Acquisition and operating expenses, net of deferrals		 	23	  		 	30	  		 	10	  		 	63	  		 	38	  		 	101	  	
Amortization of deferred acquisition costs and intangibles		 	9	  		 	5	  		 	—  	  		 	14	  		 	2	  		 	16	  	
Interest expense		 	5	  		 	2	  		 	—  	  		 	7	  		 	—  	  		 	7	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses		 	70	  		 	52	  		 	16	  		 	138	  		 	131	  		 	269	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	88	  		 	84	  		 	(7	) 		 	165	  		 	32	  		 	197	  	
Provision for income taxes		 	24	  		 	202	  		 	—  	  		 	226	  		 	11	  		 	237	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	64	  		 	(118	) 		 	(7	) 		 	(61	) 		 	21	  		 	(40	) 	
Less: net income attributable to noncontrolling interests		 	30	  		 	22	  		 	—  	  		 	52	  		 	—  	  		 	52	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH
FINANCIAL, INC.’S COMMON STOCKHOLDERS		 	34	  		 	(140	) 		 	(7	) 		 	(113	) 		 	21	  		 	(92	) 	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO
GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:																								 	
Net investment (gains) losses, net		 	2	  		 	(1	) 		 	—  	  		 	1	  		 	—  	  		 	1	  	
Tax impact from potential business portfolio changes		 	—  	  		 	174	  		 	—  	  		 	174	  		 	—  	  		 	174	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		$	36	  		$	33	  		$	(7	) 		$	62	  		$	21	  		$	83	  	

Effective tax rate (operating income (loss))		 	29.4	% 		 	34.8	% 		 	-4.2	% 		 	34.5	% 		 	32.5	% 		 	34.0	% 	
				
 		International Mortgage Insurance Segment	 		 	 		 	 	
Three months ended December 31, 2013		Canada	 		Australia	 		Other
Countries	 		Total International
Mortgage Insurance
Segment	 		U.S. Mortgage
Insurance
Segment	 		Total	 	
REVENUES:																								 	
Premiums		$	137	  		$	98	  		$	13	  		$	248	  		$	142	  		$	390	  	
Net investment income		 	41	  		 	38	  		 	1	  		 	80	  		 	13	  		 	93	  	
Net investment gains (losses)		 	6	  		 	—  	  		 	3	  		 	9	  		 	—  	  		 	9	  	
Insurance and investment product fees and other		 	—  	  		 	1	  		 	—  	  		 	1	  		 	—  	  		 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues		 	184	  		 	137	  		 	17	  		 	338	  		 	155	  		 	493	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:																								 	
Benefits and other changes in policy reserves		 	30	  		 	21	  		 	13	  		 	64	  		 	108	  		 	172	  	
Acquisition and operating expenses, net of deferrals		 	29	  		 	34	  		 	9	  		 	72	  		 	35	  		 	107	  	
Amortization of deferred acquisition costs and intangibles		 	8	  		 	5	  		 	1	  		 	14	  		 	1	  		 	15	  	
Interest expense		 	5	  		 	2	  		 	—  	  		 	7	  		 	—  	  		 	7	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses		 	72	  		 	62	  		 	23	  		 	157	  		 	144	  		 	301	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	112	  		 	75	  		 	(6	) 		 	181	  		 	11	  		 	192	  	
Provision for income taxes		 	28	  		 	9	  		 	2	  		 	39	  		 	5	  		 	44	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	84	  		 	66	  		 	(8	) 		 	142	  		 	6	  		 	148	  	
Less: net income attributable to noncontrolling interests		 	37	  		 	—  	  		 	—  	  		 	37	  		 	—  	  		 	37	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH
FINANCIAL, INC.’S COMMON STOCKHOLDERS		 	47	  		 	66	  		 	(8	) 		 	105	  		 	6	  		 	111	  	
						 	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO
GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:																								 	
Net investment (gains) losses, net		 	(3	) 		 	—  	  		 	(1	) 		 	(4	) 		 	—  	  		 	(4	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		$	44	  		$	66	  		$	(9	) 		$	101	  		$	6	  		$	107	  	

Effective tax rate (operating income (loss))		 	22.9	% 		 	12.0	% 		 	-15.3	% 		 	18.8	% 		 	45.0	% 		 	20.7	% 	
 
27

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014

Net Operating Income (Loss)—Global Mortgage Insurance Division
(amounts in millions)

 		International Mortgage Insurance Segment	 		 	 		 	 	
Twelve months ended December 31, 2014		Canada	 		Australia	 		Other
Countries	 		Total International
Mortgage Insurance
Segment	 		U.S. Mortgage
Insurance
Segment	 		Total	 	
REVENUES:																								 	
Premiums		$	515	  		$	406	  		$	29	  		$	950	  		$	578	  		$	1,528	  	
Net investment income		 	155	  		 	144	  		 	4	  		 	303	  		 	59	  		 	362	  	
Net investment gains (losses)		 	(2	) 		 	3	  		 	—  	  		 	1	  		 	—  	  		 	1	  	
Insurance and investment product fees and other		 	1	  		 	(16	) 		 	1	  		 	(14	) 		 	2	  		 	(12	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues		 	669	  		 	537	  		 	34	  		 	1,240	  		 	639	  		 	1,879	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:																								 	
Benefits and other changes in policy reserves		 	102	  		 	78	  		 	24	  		 	204	  		 	357	  		 	561	  	
Acquisition and operating expenses, net of deferrals		 	90	  		 	97	  		 	36	  		 	223	  		 	140	  		 	363	  	
Amortization of deferred acquisition costs and intangibles		 	38	  		 	21	  		 	—  	  		 	59	  		 	7	  		 	66	  	
Interest expense		 	21	  		 	10	  		 	—  	  		 	31	  		 	—  	  		 	31	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses		 	251	  		 	206	  		 	60	  		 	517	  		 	504	  		 	1,021	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	418	  		 	331	  		 	(26	) 		 	723	  		 	135	  		 	858	  	
Provision (benefit) for income taxes		 	111	  		 	248	  		 	(1	) 		 	358	  		 	44	  		 	402	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	307	  		 	83	  		 	(25	) 		 	365	  		 	91	  		 	456	  	
Less: net income attributable to noncontrolling interests		 	140	  		 	56	  		 	—  	  		 	196	  		 	—  	  		 	196	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH
FINANCIAL, INC.’S COMMON STOCKHOLDERS		 	167	  		 	27	  		 	(25	) 		 	169	  		 	91	  		 	260	  	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO
GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:																								 	
Net investment (gains) losses, net		 	1	  		 	(1	) 		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
(Gains) losses on early extinguishment of debt, net		 	2	  		 	—  	  		 	—  	  		 	2	  		 	—  	  		 	2	  	
Tax impact from potential business portfolio changes		 	—  	  		 	174	  		 	—  	  		 	174	  		 	—  	  		 	174	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		$	170	  		$	200	  		$	(25	) 		$	345	  		$	91	  		$	436	  	

Effective tax rate (operating income (loss))		 	27.1	% 		 	22.3	% 		 	3.8	% 		 	25.7	% 		 	32.2	% 		 	27.2	% 	
				
 		International Mortgage Insurance Segment	 		 	 		 	 	
Twelve months ended December 31, 2013		Canada	 		Australia	 		Other
Countries	 		Total International
Mortgage Insurance
Segment	 		U.S. Mortgage
Insurance
Segment	 		Total	 	
REVENUES:																								 	
Premiums		$	560	  		$	398	  		$	38	  		$	996	  		$	554	  		$	1,550	  	
Net investment income		 	170	  		 	159	  		 	4	  		 	333	  		 	60	  		 	393	  	
Net investment gains (losses)		 	31	  		 	(2	) 		 	3	  		 	32	  		 	—  	  		 	32	  	
Insurance and investment product fees and other		 	(1	) 		 	—  	  		 	1	  		 	—  	  		 	2	  		 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues		 	760	  		 	555	  		 	46	  		 	1,361	  		 	616	  		 	1,977	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:																								 	
Benefits and other changes in policy reserves		 	139	  		 	134	  		 	44	  		 	317	  		 	412	  		 	729	  	
Acquisition and operating expenses, net of deferrals		 	93	  		 	110	  		 	38	  		 	241	  		 	144	  		 	385	  	
Amortization of deferred acquisition costs and intangibles		 	37	  		 	22	  		 	1	  		 	60	  		 	6	  		 	66	  	
Interest expense		 	22	  		 	11	  		 	—  	  		 	33	  		 	—  	  		 	33	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses		 	291	  		 	277	  		 	83	  		 	651	  		 	562	  		 	1,213	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	469	  		 	278	  		 	(37	) 		 	710	  		 	54	  		 	764	  	
Provision for income taxes		 	133	  		 	51	  		 	—  	  		 	184	  		 	17	  		 	201	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	336	  		 	227	  		 	(37	) 		 	526	  		 	37	  		 	563	  	
Less: net income attributable to noncontrolling interests		 	154	  		 	—  	  		 	—  	  		 	154	  		 	—  	  		 	154	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH
FINANCIAL, INC.’S COMMON STOCKHOLDERS		 	182	  		 	227	  		 	(37	) 		 	372	  		 	37	  		 	409	  	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO
GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:																								 	
Net investment (gains) losses, net		 	(12	) 		 	1	  		 	(1	) 		 	(12	) 		 	—  	  		 	(12	) 	
Expenses related to restructuring, net		 	—  	  		 	—  	  		 	1	  		 	1	  		 	—  	  		 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		$	170	  		$	228	  		$	(37	) 		$	361	  		$	37	  		$	398	  	

Effective tax rate (operating income (loss))		 	29.5	% 		 	18.6	% 		 	3.1	% 		 	25.3	% 		 	31.6	% 		 	25.9	% 	
 
28

International Mortgage Insurance Segment
 
29

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

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				  				  				  				  				 				 				 				 				
Premiums	  	$	236	  	  	$	242	  	  	$	237	  	  	$	235	  	  	$	950	  	  	$	248	  	 	$	243	  	 	$	251	  	 	$	254	  	 	$	996	  	
Net investment income	  	 	76	  	  	 	78	  	  	 	75	  	  	 	74	  	  	 	303	  	  	 	80	  	 	 	80	  	 	 	85	  	 	 	88	  	 	 	333	  	
Net investment gains (losses)	  	 	(4	) 	  	 	(4	) 	  	 	12	  	  	 	(3	) 	  	 	1	  	  	 	9	  	 	 	7	  	 	 	13	  	 	 	3	  	 	 	32	  	
Insurance and investment product fees and other	  	 	(5	) 	  	 	(7	) 	  	 	(4	) 	  	 	2	  	  	 	(14	) 	  	 	1	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	303	  	  	 	309	  	  	 	320	  	  	 	308	  	  	 	1,240	  	  	 	338	  	 	 	329	  	 	 	349	  	 	 	345	  	 	 	1,361	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				  				  				 				 				 				 				
Benefits and other changes in policy reserves	  	 	54	  	  	 	58	  	  	 	45	  	  	 	47	  	  	 	204	  	  	 	64	  	 	 	73	  	 	 	80	  	 	 	100	  	 	 	317	  	
Acquisition and operating expenses, net of deferrals	  	 	63	  	  	 	52	  	  	 	59	  	  	 	49	  	  	 	223	  	  	 	72	  	 	 	56	  	 	 	61	  	 	 	52	  	 	 	241	  	
Amortization of deferred acquisition costs and intangibles	  	 	14	  	  	 	15	  	  	 	15	  	  	 	15	  	  	 	59	  	  	 	14	  	 	 	13	  	 	 	17	  	 	 	16	  	 	 	60	  	
Interest expense	  	 	7	  	  	 	8	  	  	 	8	  	  	 	8	  	  	 	31	  	  	 	7	  	 	 	9	  	 	 	8	  	 	 	9	  	 	 	33	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	138	  	  	 	133	  	  	 	127	  	  	 	119	  	  	 	517	  	  	 	157	  	 	 	151	  	 	 	166	  	 	 	177	  	 	 	651	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	165	  	  	 	176	  	  	 	193	  	  	 	189	  	  	 	723	  	  	 	181	  	 	 	178	  	 	 	183	  	 	 	168	  	 	 	710	  	
Provision for income taxes	  	 	226	  	  	 	34	  	  	 	42	  	  	 	56	  	  	 	358	  	  	 	39	  	 	 	46	  	 	 	51	  	 	 	48	  	 	 	184	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(61	) 	  	 	142	  	  	 	151	  	  	 	133	  	  	 	365	  	  	 	142	  	 	 	132	  	 	 	132	  	 	 	120	  	 	 	526	  	
Less: net income attributable to noncontrolling interests	  	 	52	  	  	 	57	  	  	 	52	  	  	 	35	  	  	 	196	  	  	 	37	  	 	 	40	  	 	 	39	  	 	 	38	  	 	 	154	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	(113	) 	  	 	85	  	  	 	99	  	  	 	98	  	  	 	169	  	  	 	105	  	 	 	92	  	 	 	93	  	 	 	82	  	 	 	372	  	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	  				  				  				  				  				 				 				 				 				
Net investment (gains) losses, net	  	 	1	  	  	 	2	  	  	 	(4	) 	  	 	1	  	  	 	—  	  	  	 	(4	) 	 	 	(2	) 	 	 	(5	) 	 	 	(1	) 	 	 	(12	) 	
(Gains) losses on early extinguishment of debt, net	  	 	—  	  	  	 	—  	  	  	 	2	  	  	 	—  	  	  	 	2	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Tax impact from potential business portfolio changes	  	 	174	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	174	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 	  	$	62	  	  	$	87	  	  	$	97	  	  	$	99	  	  	$	345	  	  	$	101	  	 	$	90	  	 	$	89	  	 	$	81	  	 	$	361	  	

Effective tax rate (operating income)	  	 	34.5	% 	  	 	19.0	% 	  	 	18.8	% 	  	 	30.7	% 	  	 	25.7	% 	  	 	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 $67 million and $378 million for the three and twelve months ended December 31, 2014, respectively.	
 
30

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014

Net Operating Income and Sales—International Mortgage Insurance Segment—Canada
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	127	  	 	$	130	  	 	$	128	  	 	$	130	  	 	$	515	  	 	$	137	  	 	$	138	  	 	$	141	  	 	$	144	  	 	$	560	  	
Net investment income	  	 	38	  	 	 	39	  	 	 	39	  	 	 	39	  	 	 	155	  	 	 	41	  	 	 	43	  	 	 	42	  	 	 	44	  	 	 	170	  	
Net investment gains (losses)	  	 	(7	) 	 	 	(4	) 	 	 	12	  	 	 	(3	) 	 	 	(2	) 	 	 	6	  	 	 	9	  	 	 	12	  	 	 	4	  	 	 	31	  	
Insurance and investment product fees and other	  	 	—  	  	 	 	(2	) 	 	 	1	  	 	 	2	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	158	  	 	 	163	  	 	 	180	  	 	 	168	  	 	 	669	  	 	 	184	  	 	 	190	  	 	 	194	  	 	 	192	  	 	 	760	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	33	  	 	 	28	  	 	 	15	  	 	 	26	  	 	 	102	  	 	 	30	  	 	 	30	  	 	 	35	  	 	 	44	  	 	 	139	  	
Acquisition and operating expenses, net of deferrals	  	 	23	  	 	 	18	  	 	 	28	  	 	 	21	  	 	 	90	  	 	 	29	  	 	 	23	  	 	 	22	  	 	 	19	  	 	 	93	  	
Amortization of deferred acquisition costs and intangibles	  	 	9	  	 	 	10	  	 	 	9	  	 	 	10	  	 	 	38	  	 	 	8	  	 	 	9	  	 	 	10	  	 	 	10	  	 	 	37	  	
Interest expense	  	 	5	  	 	 	5	  	 	 	6	  	 	 	5	  	 	 	21	  	 	 	5	  	 	 	6	  	 	 	5	  	 	 	6	  	 	 	22	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	70	  	 	 	61	  	 	 	58	  	 	 	62	  	 	 	251	  	 	 	72	  	 	 	68	  	 	 	72	  	 	 	79	  	 	 	291	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	88	  	 	 	102	  	 	 	122	  	 	 	106	  	 	 	418	  	 	 	112	  	 	 	122	  	 	 	122	  	 	 	113	  	 	 	469	  	
Provision for income taxes	  	 	24	  	 	 	24	  	 	 	32	  	 	 	31	  	 	 	111	  	 	 	28	  	 	 	38	  	 	 	35	  	 	 	32	  	 	 	133	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	64	  	 	 	78	  	 	 	90	  	 	 	75	  	 	 	307	  	 	 	84	  	 	 	84	  	 	 	87	  	 	 	81	  	 	 	336	  	
Less: net income attributable to noncontrolling interests	  	 	30	  	 	 	34	  	 	 	41	  	 	 	35	  	 	 	140	  	 	 	37	  	 	 	40	  	 	 	39	  	 	 	38	  	 	 	154	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	34	  	 	 	44	  	 	 	49	  	 	 	40	  	 	 	167	  	 	 	47	  	 	 	44	  	 	 	48	  	 	 	43	  	 	 	182	  	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	2	  	 	 	2	  	 	 	(4	) 	 	 	1	  	 	 	1	  	 	 	(3	) 	 	 	(3	) 	 	 	(5	) 	 	 	(1	) 	 	 	(12	) 	
(Gains) losses on early extinguishment of debt, net	  	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 	  	$	36	  	 	$	46	  	 	$	47	  	 	$	41	  	 	$	170	  	 	$	44	  	 	$	41	  	 	$	43	  	 	$	42	  	 	$	170	  	

Effective tax rate (operating income)	  	 	29.4	% 	 	 	21.2	% 	 	 	26.3	% 	 	 	31.6	% 	 	 	27.1	% 	 	 	22.9	% 	 	 	35.0	% 	 	 	29.3	% 	 	 	30.2	% 	 	 	29.5	% 	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				 				 				
Flow	  	$	5,500	  	 	$	6,800	  	 	$	5,000	  	 	$	2,900	  	 	$	20,200	  	 	$	5,000	  	 	$	6,000	  	 	$	4,700	  	 	$	3,300	  	 	$	19,000	  	
Bulk	  	 	2,300	  	 	 	5,600	  	 	 	7,500	  	 	 	2,900	  	 	 	18,300	  	 	 	2,400	  	 	 	3,900	  	 	 	6,400	  	 	 	2,400	  	 	 	15,100	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Canada NIW (2) 	  	$	7,800	  	 	$	12,400	  	 	$	12,500	  	 	$	5,800	  	 	$	38,500	  	 	$	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 $39 million and $183 million for the three and twelve months ended December 31, 2014, respectively.	
(2)  	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $8,300 million and $41,000 million for the three and twelve months ended December 31, 2014, respectively.	
 
31

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

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				  				  				  				  				  				  				  				
Premiums	  	$	102	  	  	$	105	  	  	$	102	  	  	$	97	  	  	$	406	  	  	$	98	  	  	$	98	  	  	$	101	  	  	$	101	  	  	$	398	  	
Net investment income	  	 	36	  	  	 	38	  	  	 	36	  	  	 	34	  	  	 	144	  	  	 	38	  	  	 	36	  	  	 	42	  	  	 	43	  	  	 	159	  	
Net investment gains (losses)	  	 	3	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	3	  	  	 	—  	  	  	 	(2	) 	  	 	1	  	  	 	(1	) 	  	 	(2	) 	
Insurance and investment product fees and other	  	 	(5	) 	  	 	(7	) 	  	 	(4	) 	  	 	—  	  	  	 	(16	) 	  	 	1	  	  	 	(1	) 	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues		 	136	  		 	136	  		 	134	  		 	131	  		 	537	  		 	137	  		 	131	  		 	144	  		 	143	  		 	555	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:				 																																					
Benefits and other changes in policy reserves		 	15	  		 	22	  		 	24	  		 	17	  		 	78	  		 	21	  		 	29	  		 	36	  		 	48	  		 	134	  	
Acquisition and operating expenses, net of deferrals		 	30	  		 	25	  		 	23	  		 	19	  		 	97	  		 	34	  		 	25	  		 	27	  		 	24	  		 	110	  	
Amortization of deferred acquisition costs and intangibles		 	5	  		 	5	  		 	6	  		 	5	  		 	21	  		 	5	  		 	5	  		 	6	  		 	6	  		 	22	  	
Interest expense		 	2	  		 	3	  		 	2	  		 	3	  		 	10	  		 	2	  		 	3	  		 	3	  		 	3	  		 	11	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses		 	52	  		 	55	  		 	55	  		 	44	  		 	206	  		 	62	  		 	62	  		 	72	  		 	81	  		 	277	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	84	  		 	81	  		 	79	  		 	87	  		 	331	  		 	75	  		 	69	  		 	72	  		 	62	  		 	278	  	
Provision for income taxes		 	202	  		 	10	  		 	11	  		 	25	  		 	248	  		 	9	  		 	9	  		 	17	  		 	16	  		 	51	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	(118	) 		 	71	  		 	68	  		 	62	  		 	83	  		 	66	  		 	60	  		 	55	  		 	46	  		 	227	  	
Less: net income attributable to noncontrolling interests		 	22	  		 	23	  		 	11	  		 	—  	  		 	56	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		 	(140	) 		 	48	  		 	57	  		 	62	  		 	27	  		 	66	  		 	60	  		 	55	  		 	46	  		 	227	  	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:				 																																					
Net investment (gains) losses, net		 	(1	) 		 	—  	  		 	—  	  		 	—  	  		 	(1	) 		 	—  	  		 	1	  		 	—  	  		 	—  	  		 	1	  	
Tax impact from potential business portfolio changes		 	174	  		 	—  	  		 	—  	  		 	—  	  		 	174	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING INCOME (1)		$	33	  		$	48	  		$	57	  		$	62	  		$	200	  		$	66	  		$	61	  		$	55	  		$	46	  		$	228	  	

Effective tax rate (operating income)		 	34.8	%  		 	14.2	%  		 	10.4	% 		 	29.0	% 		 	22.3	% 		 	12.0	% 		 	13.7	% 		 	23.5	% 		 	26.7	% 		 	18.6	% 	
											
SALES:																																									
New Insurance Written (NIW)																																									
Flow		$	8,000	  		$	8,100	  		$	7,900	  		$	7,800	  		$	31,800	  		$	9,000	  		$	8,000	  		$	8,700	  		$	7,900	  		$	33,600	  	
Bulk		 	100	  		 	1,000	  		 	—  	  		 	—  	  		 	1,100	  		 	—  	  		 	100	  		 	900	  		 	—  	  		 	1,000	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Australia NIW (2)		$	8,100	  		$	9,100	  		$	7,900	  		$	7,800	  		$	32,900	  		$	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 $35 million and $219 million for the three and twelve months ended December 31, 2014, respectively.	
(2)  	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $8,600 million and $35,400 million for the three and twelve months ended December 31, 2014, respectively.	
 
32

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

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				  				  				  				  				 				 				 				 				
Premiums	  	$	7	  	  	$	7	  	  	$	7	  	  	$	8	  	  	$	29	  	  	$	13	  	 	$	7	  	 	$	9	  	 	$	9	  	 	$	38	  	
Net investment income	  	 	2	  	  	 	1	  	  	 	—  	  	  	 	1	  	  	 	4	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	4	  	
Net investment gains (losses)	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	
Insurance and investment product fees and other	  	 	—  	  	  	 	2	  	  	 	(1	) 	  	 	—  	  	  	 	1	  	  	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	9	  		 	10	  		 	6	  		 	9	  		 	34	  		 	17	  		 	8	  		 	11	  		 	10	  		 	46	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:				 																																					
Benefits and other changes in policy reserves		 	6	  		 	8	  		 	6	  		 	4	  		 	24	  		 	13	  		 	14	  		 	9	  		 	8	  		 	44	  	
Acquisition and operating expenses, net of deferrals		 	10	  		 	9	  		 	8	  		 	9	  		 	36	  		 	9	  		 	8	  		 	12	  		 	9	  		 	38	  	
Amortization of deferred acquisition costs and intangibles		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	1	  		 	(1	) 		 	1	  		 	—  	  		 	1	  	
Interest expense		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	16	  		 	17	  		 	14	  		 	13	  		 	60	  		 	23	  		 	21	  		 	22	  		 	17	  		 	83	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(7	) 		 	(7	) 		 	(8	) 		 	(4	) 		 	(26	) 		 	(6	) 		 	(13	) 		 	(11	) 		 	(7	) 		 	(37	) 	
Provision (benefit) for income taxes		 	—  	  		 	—  	  		 	(1	) 		 	—  	  		 	(1	) 		 	2	  		 	(1	) 		 	(1	) 		 	—  	  		 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS		 	(7	) 		 	(7	) 		 	(7	) 		 	(4	) 		 	(25	) 		 	(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	) 		 	(7	) 		 	(7	) 		 	(4	) 		 	(25	) 		 	(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	) 		$	(7	) 		$	(7	) 		$	(4	) 		$	(25	) 		$	(9	) 		$	(12	) 		$	(9	) 		$	(7	) 		$	(37	) 	

Effective tax rate (operating loss)		 	-4.2	% 		 	-2.2	% 		 	11.3	% 		 	10.3	% 		 	3.8	% 		 	-15.3	% 		 	11.2	% 		 	5.7	% 		 	4.9	% 		 	3.1	% 	
											
SALES:																																									
New Insurance Written (NIW)																																									
Flow		$	500	  		$	400	  		$	500	  		$	400	  		$	1,800	  		$	500	  		$	500	  		$	400	  		$	400	  		$	1,800	  	
Bulk		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	600	  		 	—  	  		 	—  	  		 	—  	  		 	600	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Other Countries NIW (2)		$	500	  		$	400	  		$	500	  		$	400	  		$	1,800	  		$	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 $(7) million and $(24) million for the three and twelve months ended December 31, 2014, respectively.	
(2)  	New insurance written for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $600 million and $1,800 million for the three and twelve months ended December 31, 2014, respectively.	
 
33

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

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  			 	  				  				  				  				  				 				 				 				 				
Canada	  	$	160	  	  	$	200	  	  	$	146	  	  	$	77	  	  	$	583	  	  	$	125	  	 	$	156	  	 	$	134	  	 	$	84	  	 	$	499	  	
Australia	  	 	128	  	  	 	130	  	  	 	125	  	  	 	126	  	  	 	509	  	  	 	147	  	 	 	123	  	 	 	132	  	 	 	117	  	 	 	519	  	
Other Countries (1)	  	 	6	  	  	 	6	  	  	 	1	  	  	 	6	  	  	 	19	  	  	 	6	  	 	 	6	  	 	 	7	  	 	 	5	  	 	 	24	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Net Premiums Written		$	294	  		$	336	  		$	272	  		$	209	  		$	1,111	  		$	278	  		$	285	  		$	273	  		$	206	  		$	1,042	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (2)				 																																					
Canada		 	26	% 		 	21	% 		 	12	% 		 	20	% 		 	20	% 		 	22	% 		 	22	% 		 	25	% 		 	31	% 		 	25	% 	
Australia		 	15	% 		 	21	% 		 	23	% 		 	17	% 		 	19	% 		 	21	% 		 	31	% 		 	35	% 		 	47	% 		 	34	% 	
Other Countries		 	84	% 		 	105	% 		 	90	% 		 	55	% 		 	83	% 		 	102	% 		 	170	% 		 	110	% 		 	90	% 		 	115	% 	
Total Loss Ratio		 	23	% 		 	24	% 		 	19	% 		 	20	% 		 	21	% 		 	25	% 		 	31	% 		 	32	% 		 	39	% 		 	32	% 	
	 										
GAAP Basis Expense Ratio (3)				 																																					
Canada (4)		 	26	% 		 	22	% 		 	29	% 		 	23	% 		 	25	% 		 	27	% 		 	23	% 		 	22	% 		 	20	% 		 	23	% 	
Australia		 	34	% 		 	28	% 		 	28	% 		 	25	% 		 	29	% 		 	39	% 		 	30	% 		 	32	% 		 	31	% 		 	33	% 	
Other Countries (1)		 	115	% 		 	126	% 		 	131	% 		 	107	% 		 	120	% 		 	69	% 		 	106	% 		 	129	% 		 	113	% 		 	101	% 	
Total GAAP Basis Expense Ratio		 	32	% 		 	28	% 		 	32	% 		 	27	% 		 	30	% 		 	34	% 		 	29	% 		 	30	% 		 	27	% 		 	30	% 	
	 										
Adjusted Expense Ratio (5)				 																																					
Canada (6)		 	20	% 		 	14	% 		 	26	% 		 	39	% 		 	22	% 		 	30	% 		 	20	% 		 	23	% 		 	35	% 		 	26	% 	
Australia		 	27	% 		 	23	% 		 	23	% 		 	20	% 		 	23	% 		 	26	% 		 	24	% 		 	25	% 		 	27	% 		 	25	% 	
Other Countries (1)		 	132	% 		 	150	% 		 	NM	(7)  		 	142	% 		 	186	% 		 	146	% 		 	136	% 		 	177	% 		 	174	% 		 	158	% 	
Total Adjusted Expense Ratio		 	26	% 		 	20	% 		 	28	% 		 	30	% 		 	25	% 		 	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 $296 million, $290 million, $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 December 31, 2014, September 30, 2014, 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 GAAP basis expense ratio was 24% for both the three months ended June 30, 2014 and the twelve months ended December 31, 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% for both the three months ended June 30, 2014 and the twelve months ended December 31, 2014.	
(7)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
34

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

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	
Primary Insurance In-Force	  			 	  				  				  				  				  				  				  				
Canada (1)	  	$	306,600	  	  	$	310,800	  	  	$	314,500	  	  	$	291,900	  	  	$	298,000	  	  	$	300,700	  	  	$	285,200	  	  	$	284,700	  	
Australia	  	 	256,000	  	  	 	271,100	  	  	 	288,500	  	  	 	281,000	  	  	 	267,900	  	  	 	275,500	  	  	 	266,500	  	  	 	299,000	  	
Other Countries	  	 	21,900	  	  	 	23,900	  	  	 	26,000	  	  	 	26,200	  	  	 	26,300	  	  	 	32,500	  	  	 	31,300	  	  	 	31,400	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Primary Insurance In-Force		$	584,500	  		$	605,800	  		$	629,000	  		$	599,100	  		$	592,200	  		$	608,700	  		$	583,000	  		$	615,100	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Primary Risk In-Force (2)				 																													
Canada				 																													
Flow		$	81,300	  		$	82,600	  		$	84,500	  		$	80,100	  		$	82,300	  		$	83,400	  		$	79,700	  		$	80,900	  	
Bulk		 	26,000	  		 	26,200	  		 	25,600	  		 	22,100	  		 	22,000	  		 	21,900	  		 	20,100	  		 	18,800	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Canada		 	107,300	  		 	108,800	  		 	110,100	  		 	102,200	  		 	104,300	  		 	105,300	  		 	99,800	  		 	99,700	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia				 																													
Flow		 	83,400	  		 	88,100	  		 	93,800	  		 	91,100	  		 	86,700	  		 	88,800	  		 	85,700	  		 	96,100	  	
Bulk		 	6,200	  		 	6,800	  		 	7,200	  		 	7,200	  		 	7,100	  		 	7,600	  		 	7,600	  		 	8,500	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Australia		 	89,600	  		 	94,900	  		 	101,000	  		 	98,300	  		 	93,800	  		 	96,400	  		 	93,300	  		 	104,600	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Other Countries				 																													
Flow (3),(4)		 	2,200	  		 	3,000	  		 	3,200	  		 	3,300	  		 	3,200	  		 	4,000	  		 	3,900	  		 	3,900	  	
Bulk		 	300	  		 	300	  		 	400	  		 	400	  		 	400	  		 	300	  		 	300	  		 	300	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Other Countries		 	2,500	  		 	3,300	  		 	3,600	  		 	3,700	  		 	3,600	  		 	4,300	  		 	4,200	  		 	4,200	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Primary Risk In-Force		$	199,400	  		$	207,000	  		$	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 $148.0 billion as of September 30, 2014, $152.0 billion as of June 30, 2014, $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 $296 million, $290 million, $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 December 31, 2014, September 30, 2014, June 30, 2014, March 31, 2014, December 31, 2013, September 30, 2013, June 30, 2013 and March 31, 2013, respectively.	
(4)	Beginning in the fourth quarter of 2014, risk in-force reflects a maximum risk exposure of approximately $60 million with one lender in Ireland as a result of a settlement completed during the fourth quarter of 2014.	
 
35

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

Primary Insurance	  	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	 	 	
Insured loans in-force (1)	  	 	1,673,505	  	 	 	1,646,223	  	 	 	1,602,928	  	 	 	1,549,650	  	 	 	1,527,554	  	 				
Insured delinquent loans	  	 	1,756	  	 	 	1,708	  	 	 	1,703	  	 	 	1,860	  	 	 	1,830	  	 				
Insured delinquency rate (2)	  	 	0.10	% 	 	 	0.10	% 	 	 	0.11	% 	 	 	0.12	% 	 	 	0.12	% 	 				
							
Flow loans in-force (1)	  	 	1,255,050	  	 	 	1,236,206	  	 	 	1,213,846	  	 	 	1,197,083	  	 	 	1,187,753	  	 				
Flow delinquent loans	  	 	1,493	  	 	 	1,477	  	 	 	1,493	  	 	 	1,634	  	 	 	1,591	  	 				
Flow delinquency rate (2)	  	 	0.12	% 	 	 	0.12	% 	 	 	0.12	% 	 	 	0.14	% 	 	 	0.13	% 	 				
							
Bulk loans in-force (1)	  	 	418,455	  	 	 	410,017	  	 	 	389,082	  	 	 	352,567	  	 	 	339,801	  	 				
Bulk delinquent loans	  	 	263	  	 	 	231	  	 	 	210	  	 	 	226	  	 	 	239	  	 				
Bulk delinquency rate (2)	  	 	0.06	% 	 	 	0.06	% 	 	 	0.05	% 	 	 	0.06	% 	 	 	0.07	% 	 				
							
Loss Metrics	  	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	 	 	
Beginning Reserves	  	$	89	  	 	$	90	  	 	$	97	  	 	$	102	  	 	$	108	  	 				
Paid claims (3)	  	 	(24	) 	 	 	(24	) 	 	 	(26	) 	 	 	(27	) 	 	 	(33	) 	 				
Increase in reserves	  	 	29	  	 	 	27	  	 	 	16	  	 	 	26	  	 	 	30	  	 				
Impact of changes in foreign exchange rates	  	 	(3	) 	 	 	(4	) 	 	 	3	  	 	 	(4	) 	 	 	(3	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	91	  	 	$	89	  	 	$	90	  	 	$	97	  	 	$	102	  	 				

 	  	December 31, 2014	 	 	September 30, 2014	 	 	December 31, 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	  	 	46	% 	 	 	0.05	% 	 	 	46	% 	 	 	0.06	% 	 	 	46	% 	 	 	0.08%    	  	
Alberta	  	 	17	  	 	 	0.10	% 	 	 	17	  	 	 	0.09	% 	 	 	17	  	 	 	0.14%    	  	
British Columbia	  	 	14	  	 	 	0.14	% 	 	 	14	  	 	 	0.15	% 	 	 	15	  	 	 	0.17%    	  	
Quebec	  	 	14	  	 	 	0.19	% 	 	 	14	  	 	 	0.18	% 	 	 	14	  	 	 	0.17%    	  	
Nova Scotia	  	 	2	  	 	 	0.23	% 	 	 	2	  	 	 	0.21	% 	 	 	2	  	 	 	0.19%    	  	
Saskatchewan	  	 	3	  	 	 	0.13	% 	 	 	3	  	 	 	0.12	% 	 	 	2	  	 	 	0.08%    	  	
Manitoba	  	 	2	  	 	 	0.07	% 	 	 	2	  	 	 	0.04	% 	 	 	2	  	 	 	0.09%    	  	
New Brunswick	  	 	1	  	 	 	0.20	% 	 	 	1	  	 	 	0.22	% 	 	 	1	  	 	 	0.24%    	  	
All Other	  	 	1	  	 	 	0.12	% 	 	 	1	  	 	 	0.11	% 	 	 	1	  	 	 	0.12%    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.12%    	  	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2006 and prior	  	 	31	% 	 	 	0.03	% 	 	 	31	% 	 	 	0.03	% 	 	 	35	% 	 	 	0.04%    	  	
2007	  	 	9	  	 	 	0.16	% 	 	 	9	  	 	 	0.17	% 	 	 	10	  	 	 	0.23%    	  	
2008	  	 	7	  	 	 	0.21	% 	 	 	7	  	 	 	0.21	% 	 	 	8	  	 	 	0.27%    	  	
2009	  	 	5	  	 	 	0.22	% 	 	 	5	  	 	 	0.23	% 	 	 	5	  	 	 	0.25%    	  	
2010	  	 	8	  	 	 	0.23	% 	 	 	8	  	 	 	0.25	% 	 	 	9	  	 	 	0.25%    	  	
2011	  	 	7	  	 	 	0.25	% 	 	 	8	  	 	 	0.25	% 	 	 	8	  	 	 	0.24%    	  	
2012	  	 	10	  	 	 	0.19	% 	 	 	11	  	 	 	0.16	% 	 	 	13	  	 	 	0.10%    	  	
2013	  	 	11	  	 	 	0.09	% 	 	 	11	  	 	 	0.06	% 	 	 	12	  	 	 	0.03%    	  	
2014	  	 	12	  	 	 	0.02	% 	 	 	10	  	 	 	0.01	% 	 	 	—  	  	 	 	—  %    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	 	 	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

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

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims (1) 	  			 	  				 				 				 				  				 				 				 				 				
Flow	  	$	26	  	  	$	25	  	 	$	28	  	 	$	28	  	 	$	107	  	  	$	32	  	 	$	32	  	 	$	39	  	 	$	51	  	 	$	154	  	
Bulk	  	 	1	  	  	 	1	  	 	 	—  	  	 	 	1	  	 	 	3	  	  	 	2	  	 	 	2	  	 	 	1	  	 	 	2	  	 	 	7	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	27	  	  	$	26	  	 	$	28	  	 	$	29	  	 	$	110	  	  	$	34	  	 	$	34	  	 	$	40	  	 	$	53	  	 	$	161	  	

Average Paid Claim (in thousands)	  	$	60.2	  	  	$	63.9	  	 	$	63.4	  	 	$	66.4	  	 				  	$	72.2	  	 	$	69.4	  	 	$	73.1	  	 	$	84.9	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  	$	60.2	  	  	$	58.4	  	 	$	56.4	  	 	$	57.5	  	 				  	$	59.0	  	 	$	62.5	  	 	$	66.1	  	 	$	61.3	  	 				
	 										
Loss Metrics	  			 	  				 				 				 				  				 				 				 				 				
	 										
Beginning Reserves	  	$	100	  	  	$	96	  	 	$	107	  	 	$	108	  	 				  	$	111	  	 	$	118	  	 	$	120	  	 	$	129	  	 				
Paid claims	  	 	(27	) 	  	 	(26	) 	 	 	(28	) 	 	 	(29	) 	 				  	 	(34	) 	 	 	(34	) 	 	 	(40	) 	 	 	(53	) 	 				
Increase in reserves	  	 	33	  	  	 	30	  	 	 	17	  	 	 	28	  	 				  	 	31	  	 	 	27	  	 	 	38	  	 	 	44	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	106	  	  	$	100	  	 	$	96	  	 	$	107	  	 				  	$	108	  	 	$	111	  	 	$	118	  	 	$	120	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount  (2) 	  			 	  				 				 				 				  				 				 				 				 				
	 										
Over $550K	  	 	6	% 	  	 	6	% 	 	 	5	% 	 	 	5	% 	 				  	 	5	% 	 	 	5	% 	 	 	5	% 	 	 	5	% 	 				
$400K to $550K	  	 	11	  	  	 	11	  	 	 	11	  	 	 	11	  	 				  	 	10	  	 	 	10	  	 	 	10	  	 	 	10	  	 				
$250K to $400K	  	 	33	  	  	 	32	  	 	 	32	  	 	 	32	  	 				  	 	32	  	 	 	32	  	 	 	32	  	 	 	31	  	 				
$100K to $250K	  	 	45	  	  	 	46	  	 	 	47	  	 	 	47	  	 				  	 	48	  	 	 	48	  	 	 	48	  	 	 	49	  	 				
$100K or Less	  	 	5	  	  	 	5	  	 	 	5	  	 	 	5	  	 				  	 	5	  	 	 	5	  	 	 	5	  	 	 	5	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 	 	100	% 	 	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	213	  	  	$	212	  	 	$	209	  	 	$	208	  	 				  	$	207	  	 	$	206	  	 	$	205	  	 	$	203	  	 				
											
Average Effective Loan-To-Value Ratios By Policy Year  (3) 	  				  				 				 				 				  				 				 				 				 				
											
2006 and prior	  	 	36	% 	  	 	38	% 	 	 	39	% 	 	 	39	% 	 				  	 	39	% 	 	 	36	% 	 	 	38	% 	 	 	39	% 	 				
2007	  	 	61	% 	  	 	64	% 	 	 	64	% 	 	 	65	% 	 				  	 	65	% 	 	 	64	% 	 	 	66	% 	 	 	68	% 	 				
2008	  	 	68	% 	  	 	71	% 	 	 	71	% 	 	 	71	% 	 				  	 	72	% 	 	 	69	% 	 	 	71	% 	 	 	72	% 	 				
2009	  	 	66	% 	  	 	69	% 	 	 	70	% 	 	 	70	% 	 				  	 	70	% 	 	 	71	% 	 	 	73	% 	 	 	74	% 	 				
2010	  	 	73	% 	  	 	76	% 	 	 	77	% 	 	 	77	% 	 				  	 	77	% 	 	 	77	% 	 	 	80	% 	 	 	81	% 	 				
2011	  	 	77	% 	  	 	80	% 	 	 	81	% 	 	 	81	% 	 				  	 	82	% 	 	 	83	% 	 	 	86	% 	 	 	87	% 	 				
2012	  	 	82	% 	  	 	86	% 	 	 	86	% 	 	 	87	% 	 				  	 	87	% 	 	 	87	% 	 	 	90	% 	 	 	91	% 	 				
2013	  	 	87	% 	  	 	90	% 	 	 	91	% 	 	 	91	% 	 				  	 	92	% 	 	 	91	% 	 	 	92	% 	 	 	—  	% 	 				
2014	  	 	92	% 	  	 	93	% 	 	 	93	% 	 	 	—  	% 	 				  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 				
Total Flow	  	 	56	% 	  	 	57	% 	 	 	57	% 	 	 	57	% 	 				  	 	57	% 	 	 	55	% 	 	 	56	% 	 	 	56	% 	 				
											
Total Bulk	  	 	42	% 	  	 	42	% 	 	 	41	% 	 	 	41	% 	 				  	 	41	% 	 	 	34	% 	 	 	31	% 	 	 	31	% 	 				
Total	  	 	52	% 	  	 	53	% 	 	 	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)  	The percentages in this table are based on the amount of primary insurance in-force in each loan band as a percentage of total insurance in-force.	
(3)  	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

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

Primary Insurance	  	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	 	 	
Insured loans in-force	  	 	1,496,616	  	 	 	1,490,221	  	 	 	1,481,201	  	 	 	1,477,063	  	 	 	1,474,181	  	 				
Insured delinquent loans	  	 	4,953	  	 	 	5,300	  	 	 	5,405	  	 	 	5,070	  	 	 	4,980	  	 				
Insured delinquency rate	  	 	0.33	% 	 	 	0.36	% 	 	 	0.36	% 	 	 	0.34	% 	 	 	0.34	% 	 				
							
Flow loans in-force	  	 	1,378,584	  	 	 	1,370,136	  	 	 	1,362,236	  	 	 	1,355,635	  	 	 	1,350,571	  	 				
Flow delinquent loans	  	 	4,714	  	 	 	5,031	  	 	 	5,125	  	 	 	4,813	  	 	 	4,760	  	 				
Flow delinquency rate	  	 	0.34	% 	 	 	0.37	% 	 	 	0.38	% 	 	 	0.36	% 	 	 	0.35	% 	 				
							
Bulk loans in-force	  	 	118,032	  	 	 	120,085	  	 	 	118,965	  	 	 	121,428	  	 	 	123,610	  	 				
Bulk delinquent loans	  	 	239	  	 	 	269	  	 	 	280	  	 	 	257	  	 	 	220	  	 				
Bulk delinquency rate	  	 	0.20	% 	 	 	0.22	% 	 	 	0.24	% 	 	 	0.21	% 	 	 	0.18	% 	 				
							
Loss Metrics	  	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	 	 	 	
							
Beginning Reserves	  	$	161	  	 	$	171	  	 	$	168	  	 	$	172	  	 	$	198	  	 				
Paid claims	  	 	(14	) 	 	 	(19	) 	 	 	(24	) 	 	 	(27	) 	 	 	(39	) 	 				
Increase in reserves	  	 	15	  	 	 	22	  	 	 	24	  	 	 	17	  	 	 	20	  	 				
Impact of changes in foreign exchange rates	  	 	(10	) 	 	 	(13	) 	 	 	3	  	 	 	6	  	 	 	(7	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	152	  	 	$	161	  	 	$	171	  	 	$	168	  	 	$	172	  	 				

 	  	December 31, 2014	 	 	September 30, 2014	 	 	December 31, 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	% 	 	 	0.27	% 	 	 	29	% 	 	 	0.30	% 	 	 	30	% 	 	 	0.30%    	  	
Victoria	  	 	23	  	 	 	0.30	% 	 	 	23	  	 	 	0.32	% 	 	 	23	  	 	 	0.30%    	  	
Queensland	  	 	23	  	 	 	0.47	% 	 	 	23	  	 	 	0.49	% 	 	 	22	  	 	 	0.46%    	  	
Western Australia	  	 	11	  	 	 	0.32	% 	 	 	11	  	 	 	0.34	% 	 	 	11	  	 	 	0.29%    	  	
South Australia	  	 	6	  	 	 	0.44	% 	 	 	6	  	 	 	0.43	% 	 	 	6	  	 	 	0.40%    	  	
New Zealand	  	 	2	  	 	 	0.28	% 	 	 	2	  	 	 	0.26	% 	 	 	2	  	 	 	0.38%    	  	
Australian Capital Territory	  	 	3	  	 	 	0.16	% 	 	 	3	  	 	 	0.13	% 	 	 	3	  	 	 	0.10%    	  	
Tasmania	  	 	2	  	 	 	0.25	% 	 	 	2	  	 	 	0.31	% 	 	 	2	  	 	 	0.31%    	  	
Northern Territory	  	 	1	  	 	 	0.16	% 	 	 	1	  	 	 	0.21	% 	 	 	1	  	 	 	0.25%    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.33	% 	 	 	100	% 	 	 	0.36	% 	 	 	100	% 	 	 	0.34%    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
By Policy Year	  				 				 				 				 				 				
2006 and prior	  	 	32	% 	 	 	0.20	% 	 	 	32	% 	 	 	0.22	% 	 	 	35	% 	 	 	0.21%    	  	
2007	  	 	8	  	 	 	0.63	% 	 	 	8	  	 	 	0.68	% 	 	 	9	  	 	 	0.69%    	  	
2008	  	 	7	  	 	 	0.87	% 	 	 	8	  	 	 	0.93	% 	 	 	8	  	 	 	0.85%    	  	
2009	  	 	9	  	 	 	0.66	% 	 	 	9	  	 	 	0.70	% 	 	 	10	  	 	 	0.62%    	  	
2010	  	 	6	  	 	 	0.38	% 	 	 	7	  	 	 	0.38	% 	 	 	8	  	 	 	0.34%    	  	
2011	  	 	7	  	 	 	0.40	% 	 	 	7	  	 	 	0.41	% 	 	 	8	  	 	 	0.31%    	  	
2012	  	 	9	  	 	 	0.32	% 	 	 	10	  	 	 	0.33	% 	 	 	11	  	 	 	0.19%    	  	
2013	  	 	11	  	 	 	0.18	% 	 	 	11	  	 	 	0.15	% 	 	 	11	  	 	 	0.02%    	  	
2014	  	 	11	  	 	 	0.02	% 	 	 	8	  	 	 	0.01	% 	 	 	—  	  	 	 	—  %    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.33	% 	 	 	100	% 	 	 	0.36	% 	 	 	100	% 	 	 	0.34%    	  	

38

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

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				  				  				 				  				 				 				 				 				
Flow	  	$	15	  	  	$	20	  	  	$	25	  	  	$	30	  	 	$	90	  	  	$	41	  	 	$	39	  	 	$	44	  	 	$	59	  	 	$	  183	  	
Bulk	  	 	—  	  	  	 	1	  	  	 	—  	  	  	 	—  	  	 	 	1	  	  	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	2	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	15	  	  	$	21	  	  	$	25	  	  	$	30	  	 	$	91	  	  	$	41	  	 	$	41	  	 	$	44	  	 	$	59	  	 	$	185	  	

Average Paid Claim (in thousands)	  	$	49.5	  	  	$	58.6	  	  	$	60.5	  	  	$	65.1	  	 				  	$	71.5	  	 	$	79.9	  	 	$	80.3	  	 	$	81.4	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  	$	37.6	  	  	$	34.8	  	  	$	33.6	  	  	$	35.7	  	 				  	$	38.6	  	 	$	38.8	  	 	$	37.7	  	 	$	38.9	  	 				
	 										
Loss Metrics	  			 	  				  				  				 				  				 				 				 				 				
Beginning Reserves	  	$	184	  	  	$	181	  	  	$	181	  	  	$	192	  	 				  	$	212	  	 	$	220	  	 	$	228	  	 	$	241	  	 				
Paid claims	  	 	(15	) 	  	 	(21	) 	  	 	(25	) 	  	 	(30	) 	 				  	 	(41	) 	 	 	(41	) 	 	 	(44	) 	 	 	(59	) 	 				
Increase in reserves	  	 	17	  	  	 	24	  	  	 	25	  	  	 	19	  	 				  	 	21	  	 	 	33	  	 	 	36	  	 	 	46	  	 				
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	186	  	  	$	184	  	  	$	181	  	  	$	181	  	 				  	$	192	  	 	$	212	  	 	$	220	  	 	$	228	  	 				
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount (1)	  			 	  				  				  				 				  				 				 				 				 				
	 										
Over $550K	  	 	13	% 	  	 	13	% 	  	 	12	% 	  	 	12	% 	 				  	 	12	% 	 	 	12	% 	 	 	12	% 	 	 	12	% 	 				
$400K to $550K	  	 	18	  	  	 	18	  	  	 	18	  	  	 	18	  	 				  	 	17	  	 	 	17	  	 	 	17	  	 	 	16	  	 				
$250K to $400K	  	 	37	  	  	 	37	  	  	 	37	  	  	 	37	  	 				  	 	37	  	 	 	37	  	 	 	37	  	 	 	37	  	 				
$100K to $250K	  	 	26	  	  	 	26	  	  	 	27	  	  	 	27	  	 				  	 	28	  	 	 	28	  	 	 	28	  	 	 	29	  	 				
$100K or Less	  	 	6	  	  	 	6	  	  	 	6	  	  	 	6	  	 				  	 	6	  	 	 	6	  	 	 	6	  	 	 	6	  	 				
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	  	 	100	% 	  	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	210	  	  	$	208	  	  	$	207	  	  	$	205	  	 				  	$	203	  	 	$	202	  	 	$	200	  	 	$	198	  	 				
Average Effective Loan-To-Value Ratios By Policy Year (2),(3)	  				  				  				  				 				  				 				 				 				 				
2006 and prior	  	 	36	% 	  	 	38	% 	  	 	38	% 	  	 	40	% 	 				  	 	41	% 	 	 	43	% 	 	 	47	% 	 	 	48	% 	 				
2007	  	 	58	% 	  	 	60	% 	  	 	61	% 	  	 	63	% 	 				  	 	64	% 	 	 	66	% 	 	 	67	% 	 	 	68	% 	 				
2008	  	 	66	% 	  	 	67	% 	  	 	68	% 	  	 	70	% 	 				  	 	72	% 	 	 	74	% 	 	 	74	% 	 	 	76	% 	 				
2009	  	 	68	% 	  	 	69	% 	  	 	70	% 	  	 	73	% 	 				  	 	75	% 	 	 	77	% 	 	 	77	% 	 	 	79	% 	 				
2010	  	 	73	% 	  	 	74	% 	  	 	76	% 	  	 	78	% 	 				  	 	80	% 	 	 	83	% 	 	 	83	% 	 	 	85	% 	 				
2011	  	 	74	% 	  	 	76	% 	  	 	77	% 	  	 	80	% 	 				  	 	82	% 	 	 	85	% 	 	 	85	% 	 	 	87	% 	 				
2012	  	 	75	% 	  	 	77	% 	  	 	78	% 	  	 	80	% 	 				  	 	82	% 	 	 	85	% 	 	 	85	% 	 	 	86	% 	 				
2013	  	 	79	% 	  	 	81	% 	  	 	82	% 	  	 	84	% 	 				  	 	85	% 	 	 	87	% 	 	 	87	% 	 	 	—  	% 	 				
2014	  	 	86	% 	  	 	87	% 	  	 	87	% 	  	 	—  	% 	 				  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 				
Total Flow	  	 	60	% 	  	 	61	% 	  	 	61	% 	  	 	62	% 	 				  	 	64	% 	 	 	65	% 	 	 	68	% 	 	 	69	% 	 				
											
Total Bulk	  	 	28	% 	  	 	28	% 	  	 	29	% 	  	 	30	% 	 				  	 	31	% 	 	 	32	% 	 	 	37	% 	 	 	38	% 	 				
Total	  	 	57	% 	  	 	58	% 	  	 	58	% 	  	 	59	% 	 				  	 	60	% 	 	 	61	% 	 	 	65	% 	 	 	66	% 	 				
All amounts presented in Australian dollars.

(1)	The percentages in this table are based on the amount of primary insurance in-force in each loan band as a percentage of total insurance in-force.	
(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 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.	
(3)	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

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

Risk In-Force by Loan-To-Value Ratio (1)	  	December 31, 2014	 	  	September 30, 2014	 	
 	  	Primary	 	  	Flow	 	  	Bulk	 	  	Primary	 	  	Flow	 	  	Bulk	 	
Canada	  				  				  				  				  				  				
95.01% and above	  	$	37,991	  	  	$	37,991	  	  	$	—  	  	  	$	38,286	  	  	$	38,286	  	  	$	—  	  	
90.01% to 95.00%	  	 	24,838	  	  	 	24,836	  	  	 	2	  	  	 	25,343	  	  	 	25,341	  	  	 	2	  	
80.01% to 90.00%	  	 	19,630	  	  	 	15,499	  	  	 	4,131	  	  	 	19,866	  	  	 	15,892	  	  	 	3,974	  	
80.00% and below	  	 	24,866	  	  	 	3,038	  	  	 	21,828	  	  	 	25,297	  	  	 	3,094	  	  	 	22,203	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Canada		$	107,325	  		$	81,364	  		$	25,961	  		$	108,792	  		$	82,613	  		$	26,179	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia																									
95.01% and above		$	17,143	  		$	17,143	  		$	—  	  		$	18,199	  		$	18,199	  		$	—  	  	
90.01% to 95.00%		 	22,207	  		 	22,200	  		 	7	  		 	23,213	  		 	23,206	  		 	7	  	
80.01% to 90.00%		 	23,482	  		 	23,406	  		 	76	  		 	24,707	  		 	24,625	  		 	82	  	
80.00% and below		 	26,758	  		 	20,615	  		 	6,143	  		 	28,761	  		 	22,037	  		 	6,724	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Australia		$	89,590	  		$	83,364	  		$	6,226	  		$	94,880	  		$	88,067	  		$	6,813	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Other Countries (2)																									
95.01% and above		$	534	  		$	534	  		$	—  	  		$	566	  		$	566	  		$	—  	  	
90.01% to 95.00%		 	1,217	  		 	1,167	  		 	50	  		 	1,623	  		 	1,565	  		 	58	  	
80.01% to 90.00%		 	617	  		 	397	  		 	220	  		 	946	  		 	694	  		 	252	  	
80.00% and below		 	163	  		 	130	  		 	33	  		 	203	  		 	166	  		 	37	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Other Countries		$	2,531	  		$	2,228	  		$	303	  		$	3,338	  		$	2,991	  		$	347	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
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 $296 million and $290 million, respectively, of risk in-force in Europe ceded under quota share reinsurance agreements as of December 31, 2014 and September 30, 2014.	
 
40

 
U.S. Mortgage Insurance Segment
 
41

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	151	  	 	$	146	  	 	$	144	  	 	$	137	  	 	$	578	  	 	$	142	  	 	$	137	  	 	$	141	  	 	$	134	  	 	$	554	  	
Net investment income	  	 	11	  	 	 	19	  	 	 	11	  	 	 	18	  	 	 	59	  	 	 	13	  	 	 	18	  	 	 	10	  	 	 	19	  	 	 	60	  	
Net investment gains (losses)	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Insurance and investment product fees and other	  	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	163	  	 	 	165	  	 	 	156	  	 	 	155	  	 	 	639	  	 	 	155	  	 	 	156	  	 	 	151	  	 	 	154	  	 	 	616	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	91	  	 	 	141	  	 	 	62	  	 	 	63	  	 	 	357	  	 	 	108	  	 	 	123	  	 	 	97	  	 	 	84	  	 	 	412	  	
Acquisition and operating expenses, net of deferrals	  	 	38	  	 	 	35	  	 	 	34	  	 	 	33	  	 	 	140	  	 	 	35	  	 	 	35	  	 	 	35	  	 	 	39	  	 	 	144	  	
Amortization of deferred acquisition costs and intangibles	  	 	2	  	 	 	1	  	 	 	2	  	 	 	2	  	 	 	7	  	 	 	1	  	 	 	2	  	 	 	2	  	 	 	1	  	 	 	6	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	131	  	 	 	177	  	 	 	98	  	 	 	98	  	 	 	504	  	 	 	144	  	 	 	160	  	 	 	134	  	 	 	124	  	 	 	562	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	32	  	 	 	(12	) 	 	 	58	  	 	 	57	  	 	 	135	  	 	 	11	  	 	 	(4	) 	 	 	17	  	 	 	30	  	 	 	54	  	
Provision (benefit) for income taxes	  	 	11	  	 	 	(10	) 	 	 	19	  	 	 	24	  	 	 	44	  	 	 	5	  	 	 	(1	) 	 	 	4	  	 	 	9	  	 	 	17	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	21	  	 	 	(2	) 	 	 	39	  	 	 	33	  	 	 	91	  	 	 	6	  	 	 	(3	) 	 	 	13	  	 	 	21	  	 	 	37	  	
	 										
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	21	  	 	$	(2	) 	 	$	39	  	 	$	33	  	 	$	91	  	 	$	6	  	 	$	(3	) 	 	$	13	  	 	$	21	  	 	$	37	  	

Effective tax rate (operating income (loss))	  	 	32.5	% 	 	 	80.1	% 	 	 	32.4	% 	 	 	42.0	% 	 	 	32.2	% 	 	 	45.0	% 	 	 	14.0	% 	 	 	22.9	% 	 	 	30.1	% 	 	 	31.6	% 	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				 				 				
Flow	  	$	6,900	  	 	$	7,500	  	 	$	6,100	  	 	$	3,900	  	 	$	24,400	  	 	$	4,900	  	 	$	6,400	  	 	$	6,300	  	 	$	4,700	  	 	$	22,300	  	
Bulk	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Mortgage Insurance NIW	  	$	6,900	  	 	$	7,500	  	 	$	6,100	  	 	$	3,900	  	 	$	24,400	  	 	$	4,900	  	 	$	6,400	  	 	$	6,300	  	 	$	4,700	  	 	$	22,300	  	

 
42

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
 	  	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	
Product	  				  			 	 				  				 				  				 				 				 				 				 				 				 				 				 				 				
Monthly (1)	  	$	5,100	  	  	 	60	  	 	$	6,100	  	  	 	59	  	 	$	5,300	  	  	 	59	  	 	$	3,400	  	 	 	58	  	 	$	4,300	  	 	 	62	  	 	$	5,800	  	 	 	60	  	 	$	5,600	  	 	 	58	  	 	$	4,300	  	 	 	56	  	
Single	  	 	1,800	  	  	 	155	  	 	 	1,400	  	  	 	194	  	 	 	800	  	  	 	197	  	 	 	500	  	 	 	200	  	 	 	600	  	 	 	207	  	 	 	600	  	 	 	210	  	 	 	700	  	 	 	205	  	 	 	400	  	 	 	201	  	
	  	 	 	 	  			 	 	 	 	 	  				 	 	 	 	  				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total Flow	  	$	6,900	  	  			 	 	$	7,500	  	  				 	$	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	 	 	Flow
NIW	 	 	% of Flow
NIW	 	 	Flow
NIW	 	 	% of Flow
NIW	 	
FICO Scores	  				  			 	 				  				 				  				 				 				 				 				 				 				 				 				 				 				
Over 735	  	$	4,100	  	  	 	59	% 	 	$	4,400	  	  	 	59	% 	 	$	3,600	  	  	 	59	% 	 	$	2,400	  	 	 	61	% 	 	$	3,100	  	 	 	63	% 	 	$	4,400	  	 	 	69	% 	 	$	4,500	  	 	 	72	% 	 	$	3,400	  	 	 	72	% 	
680 - 735	  	 	2,200	  	  	 	32	  	 	 	2,400	  	  	 	32	  	 	 	2,000	  	  	 	33	  	 	 	1,200	  	 	 	31	  	 	 	1,500	  	 	 	31	  	 	 	1,900	  	 	 	29	  	 	 	1,600	  	 	 	25	  	 	 	1,200	  	 	 	26	  	
660 - 679 (2)	  	 	300	  	  	 	5	  	 	 	400	  	  	 	5	  	 	 	300	  	  	 	5	  	 	 	200	  	 	 	5	  	 	 	200	  	 	 	4	  	 	 	100	  	 	 	2	  	 	 	200	  	 	 	3	  	 	 	100	  	 	 	2	  	
620 - 659	  	 	300	  	  	 	4	  	 	 	300	  	  	 	4	  	 	 	200	  	  	 	3	  	 	 	100	  	 	 	3	  	 	 	100	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
<620	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	$	6,900	  	  	 	100	% 	 	$	7,500	  	  	 	100	% 	 	$	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	% 	 	$	200	  	  	 	3	% 	 	$	100	  	  	 	2	% 	 	$	100	  	 	 	3	% 	 	$	200	  	 	 	4	% 	 	$	200	  	 	 	3	% 	 	$	200	  	 	 	3	% 	 	$	100	  	 	 	2	% 	
90.01% to 95.00%	  	 	3,500	  	  	 	51	  	 	 	3,900	  	  	 	52	  	 	 	3,300	  	  	 	54	  	 	 	1,900	  	 	 	49	  	 	 	2,300	  	 	 	47	  	 	 	3,000	  	 	 	47	  	 	 	2,700	  	 	 	43	  	 	 	1,900	  	 	 	41	  	
85.01% to 90.00%	  	 	2,300	  	  	 	33	  	 	 	2,400	  	  	 	32	  	 	 	1,900	  	  	 	31	  	 	 	1,300	  	 	 	33	  	 	 	1,600	  	 	 	33	  	 	 	2,200	  	 	 	34	  	 	 	2,300	  	 	 	37	  	 	 	1,700	  	 	 	36	  	
85.00% and below	  	 	1,000	  	  	 	14	  	 	 	1,000	  	  	 	13	  	 	 	800	  	  	 	13	  	 	 	600	  	 	 	15	  	 	 	800	  	 	 	16	  	 	 	1,000	  	 	 	16	  	 	 	1,100	  	 	 	17	  	 	 	1,000	  	 	 	21	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	$	6,900	  	  	 	100	% 	 	$	7,500	  	  	 	100	% 	 	$	6,100	  	  	 	100	% 	 	$	3,900	  	 	 	100	% 	 	$	4,900	  	 	 	100	% 	 	$	6,400	  	 	 	100	% 	 	$	6,300	  	 	 	100	% 	 	$	4,700	  	 	 	100	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Origination	  				  			 	 				  				 				  				 				 				 				 				 				 				 				 				 				 				
Purchase	  	$	5,300	  	  	 	77	% 	 	$	6,400	  	  	 	85	% 	 	$	5,100	  	  	 	84	% 	 	$	3,000	  	 	 	77	% 	 	$	3,800	  	 	 	78	% 	 	$	4,600	  	 	 	72	% 	 	$	3,800	  	 	 	60	% 	 	$	2,200	  	 	 	47	% 	
Refinance	  	 	1,600	  	  	 	23	  	 	 	1,100	  	  	 	15	  	 	 	1,000	  	  	 	16	  	 	 	900	  	 	 	23	  	 	 	1,100	  	 	 	22	  	 	 	1,800	  	 	 	28	  	 	 	2,500	  	 	 	40	  	 	 	2,500	  	 	 	53	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	$	6,900	  	  	 	100	% 	 	$	7,500	  	  	 	100	% 	 	$	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

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	171	  	  	$	162	  	 	$	151	  	 	$	144	  	 	$	628	  	 	$	148	  	 	$	140	  	 	$	144	  	 	$	135	  	 	$	567	  	
	 										
New Risk Written	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	1,703	  	  	$	1,878	  	 	$	1,521	  	 	$	960	  	 	$	6,062	  	 	$	1,196	  	 	$	1,577	  	 	$	1,478	  	 	$	1,091	  	 	$	5,342	  	
Bulk	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	1,703	  	  	 	1,878	  	 	 	1,521	  	 	 	960	  	 	 	6,062	  	 	 	1,196	  	 	 	1,577	  	 	 	1,478	  	 	 	1,091	  	 	 	5,342	  	
Pool	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total New Risk Written	  	$	1,703	  	  	$	1,878	  	 	$	1,521	  	 	$	960	  	 	$	6,062	  	 	$	1,196	  	 	$	1,577	  	 	$	1,478	  	 	$	1,091	  	 	$	5,342	  	

Primary Insurance In-Force	  	$	114,400	  	  	$	112,400	  	 	$	110,500	  	 	$	109,100	  	 				 	$	109,300	  	 	$	109,000	  	 	$	108,800	  	 	$	109,300	  	 				
	 										
Risk In-Force	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	28,112	  	  	$	27,507	  	 	$	26,880	  	 	$	26,405	  	 				 	$	26,327	  	 	$	26,194	  	 	$	25,957	  	 	$	25,626	  	 				
Bulk (1)	  	 	402	  	  	 	419	  	 	 	434	  	 	 	442	  	 				 	 	448	  	 	 	456	  	 	 	463	  	 	 	485	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	  	 	28,514	  	  	 	27,926	  	 	 	27,314	  	 	 	26,847	  	 				 	 	26,775	  	 	 	26,650	  	 	 	26,420	  	 	 	26,111	  	 				
Pool	  	 	151	  	  	 	159	  	 	 	163	  	 	 	171	  	 				 	 	177	  	 	 	187	  	 	 	196	  	 	 	205	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-Force	  	$	28,665	  	  	$	28,085	  	 	$	27,477	  	 	$	27,018	  	 				 	$	26,952	  	 	$	26,837	  	 	$	26,616	  	 	$	26,316	  	 				

Primary Risk In-Force Subject To Captives	  	 	6	% 	  	 	7	% 	 	 	7	% 	 	 	8	% 	 				 	 	9	% 	 	 	10	% 	 	 	11	% 	 	 	12	% 	 				
	 										
Primary Risk In-Force That Is GSE Conforming	  	 	97	% 	  	 	97	% 	 	 	97	% 	 	 	97	% 	 				 	 	97	% 	 	 	97	% 	 	 	97	% 	 	 	97	% 	 				
	 										
GAAP Basis Expense Ratio (2) 	  	 	26	% 	  	 	25	% 	 	 	25	% 	 	 	25	% 	 	 	25	% 	 	 	26	% 	 	 	26	% 	 	 	26	% 	 	 	30	% 	 	 	27	% 	
	 										
Adjusted Expense Ratio (3) 	  	 	23	% 	  	 	23	% 	 	 	23	% 	 	 	24	% 	 	 	23	% 	 	 	25	% 	 	 	26	% 	 	 	25	% 	 	 	30	% 	 	 	27	% 	
	 										
Flow Persistency	  	 	83	% 	  	 	80	% 	 	 	83	% 	 	 	85	% 	 				 	 	83	% 	 	 	79	% 	 	 	81	% 	 	 	80	% 	 				
	 										
Gross Written Premiums Ceded To Captives/Total Direct Written Premiums	  	 	2	% 	  	 	2	% 	 	 	3	% 	 	 	3	% 	 				 	 	3	% 	 	 	4	% 	 	 	4	% 	 	 	4	% 	 				
	 										
Risk To Capital Ratio (4) 	  	 	14:5:1	  	  	 	15:4:1	  	 	 	14.6:1	  	 	 	18.7:1	  	 				 	 	19.5:1	  	 	 	22.4:1	  	 	 	22.4:1	  	 	 	24.2:1	  	 				
	 										
Average Primary Loan Size (in thousands)	  	$	181	  	  	$	180	  	 	$	178	  	 	$	176	  	 				 	$	175	  	 	$	174	  	 	$	172	  	 	$	168	  	 				
	 										
Estimated Savings For Loss Mitigation Activities (5) 	  	$	59	  	  	$	67	  	 	$	102	  	 	$	114	  	 	$	342	  	 	$	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 December 31, 2014, 83% 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 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

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				 				 				 				 				 				 				 				 				
Flow	  			 	  				 				 				 				 				 				 				 				 				
Direct	  	$	142	  	  	$	148	  	 	$	148	  	 	$	178	  	 	$	616	  	 	$	198	  	 	$	216	  	 	$	197	  	 	$	253	  	 	$	864	  	
Assumed (1)	  	 	3	  	  	 	4	  	 	 	6	  	 	 	6	  	 	 	19	  	 	 	8	  	 	 	9	  	 	 	12	  	 	 	13	  	 	 	42	  	
Ceded	  	 	(4	) 	  	 	(3	) 	 	 	(4	) 	 	 	(15	) 	 	 	(26	) 	 	 	(8	) 	 	 	(9	) 	 	 	(11	) 	 	 	(17	) 	 	 	(45	) 	
Loss adjustment expenses	  	 	4	  	  	 	4	  	 	 	4	  	 	 	5	  	 	 	17	  	 	 	6	  	 	 	6	  	 	 	6	  	 	 	6	  	 	 	24	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	 	145	  	  	 	153	  	 	 	154	  	 	 	174	  	 	 	626	  	 	 	204	  	 	 	222	  	 	 	204	  	 	 	255	  	 	 	885	  	
Bulk	  	 	2	  	  	 	2	  	 	 	2	  	 	 	2	  	 	 	8	  	 	 	2	  	 	 	3	  	 	 	6	  	 	 	3	  	 	 	14	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	147	  	  	 	155	  	 	 	156	  	 	 	176	  	 	 	634	  	 	 	206	  	 	 	225	  	 	 	210	  	 	 	258	  	 	 	899	  	
Pool	  	 	2	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	1	  	 	 	5	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	149	  	  	$	156	  	 	$	157	  	 	$	177	  	 	$	639	  	 	$	207	  	 	$	226	  	 	$	212	  	 	$	259	  	 	$	904	  	

Average Paid Claim (in thousands)	  	$	46.6	  	  	$	47.6	  	 	$	47.2	  	 	$	43.6	  	 				 	$	45.3	  	 	$	45.3	  	 	$	45.0	  	 	$	44.2	  	 				
	 										
Average Direct Paid Claim (in thousands) (2) 	  	$	48.6	  	  	$	46.0	  	 	$	45.6	  	 	$	44.5	  	 				 	$	43.5	  	 	$	43.5	  	 	$	42.3	  	 	$	43.5	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	30.2	  	  	$	30.7	  	 	$	30.0	  	 	$	30.3	  	 				 	$	29.4	  	 	$	29.6	  	 	$	30.0	  	 	$	29.8	  	 				
Bulk loans with established reserve	  	 	20.4	  	  	 	20.5	  	 	 	22.5	  	 	 	19.2	  	 				 	 	19.7	  	 	 	20.0	  	 	 	20.8	  	 	 	21.9	  	 				
Bulk loans with no reserve (3)	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 				
	 										
Reserves:	  			 	  				 				 				 				 				 				 				 				 				
Flow direct case	  	$	1,065	  	  	$	1,122	  	 	$	1,083	  	 	$	1,172	  	 				 	$	1,277	  	 	$	1,377	  	 	$	1,471	  	 	$	1,566	  	 				
Bulk direct case	  	 	21	  	  	 	22	  	 	 	24	  	 	 	25	  	 				 	 	27	  	 	 	28	  	 	 	29	  	 	 	33	  	 				
Assumed (1)	  	 	21	  	  	 	21	  	 	 	24	  	 	 	29	  	 				 	 	35	  	 	 	39	  	 	 	51	  	 	 	57	  	 				
All other (4)	  	 	73	  	  	 	74	  	 	 	125	  	 	 	129	  	 				 	 	143	  	 	 	143	  	 	 	145	  	 	 	164	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Reserves	  	$	1,180	  	  	$	1,239	  	 	$	1,256	  	 	$	1,355	  	 				 	$	1,482	  	 	$	1,587	  	 	$	1,696	  	 	$	1,820	  	 				

Beginning Reserves	  	$	1,239	  	  	$	1,256	  	 	$	1,355	  	 	$	1,482	  	 	$	1,482	  	 	$	1,587	  	 	$	1,696	  	 	$	1,820	  	 	$	2,009	  	 	$	2,009	  	
Paid claims	  	 	(153	) 	  	 	(158	) 	 	 	(162	) 	 	 	(192	) 	 	 	(665	) 	 	 	(215	) 	 	 	(235	) 	 	 	(223	) 	 	 	(276	) 	 	 	(949	) 	
Increase in reserves	  	 	94	  	  	 	141	  	 	 	63	  	 	 	65	  	 	 	363	  	 	 	110	  	 	 	126	  	 	 	99	  	 	 	87	  	 	 	422	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	1,180	  	  	$	1,239	  	 	$	1,256	  	 	$	1,355	  	 	$	1,180	  	 	$	1,482	  	 	$	1,587	  	 	$	1,696	  	 	$	1,820	  	 	$	1,482	  	

Beginning Reinsurance Recoverable (5) 	  	$	25	  	  	$	27	  	 	$	31	  	 	$	44	  	 	$	44	  	 	$	50	  	 	$	56	  	 	$	66	  	 	$	80	  	 	$	80	  	
Ceded paid claims	  	 	(4	) 	  	 	(2	) 	 	 	(5	) 	 	 	(15	) 	 	 	(26	) 	 	 	(8	) 	 	 	(9	) 	 	 	(11	) 	 	 	(17	) 	 	 	(45	) 	
Increase in recoverable	  	 	3	  	  	 	—  	  	 	 	1	  	 	 	2	  	 	 	6	  	 	 	2	  	 	 	3	  	 	 	1	  	 	 	3	  	 	 	9	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reinsurance Recoverable	  	$	24	  	  	$	25	  	 	$	27	  	 	$	31	  	 	$	24	  	 	$	44	  	 	$	50	  	 	$	56	  	 	$	66	  	 	$	44	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (6) 	  	 	61	% 	  	 	97	% 	 	 	43	% 	 	 	46	% 	 	 	62	% 	 	 	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. Lender settlements of $53 million in the third quarter of 2014 increased the loss ratio by 37 percentage points and 9 percentage points for the three months ended September 30, 2014 and the twelve months ended December 31, 2014, respectively.	
 
45

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

 		2014	 		2013	 	
 		4Q	 		3Q	 		2Q	 		1Q	 		Total	 		4Q	 		3Q	 		2Q	 		1Q	 		Total	 	
Number of Primary Delinquencies				 																																					
Flow		 	38,177	  		 	39,485	  		 	40,897	  		 	43,733	  						 	49,255	  		 	52,509	  		 	55,413	  		 	59,789	  					
Bulk loans with an established reserve		 	1,109	  		 	1,147	  		 	1,147	  		 	1,434	  						 	1,491	  		 	1,509	  		 	1,526	  		 	1,603	  					
Bulk loans with no reserve (1)		 	500	  		 	515	  		 	561	  		 	694	  						 	713	  		 	726	  		 	1,260	  		 	1,412	  					
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Number of Primary Delinquencies		 	39,786	  		 	41,147	  		 	42,605	  		 	45,861	  						 	51,459	  		 	54,744	  		 	58,199	  		 	62,804	  					

Beginning Number of Primary Delinquencies		 	41,147	  		 	42,605	  		 	45,861	  		 	51,459	  		 	51,459	  		 	54,744	  		 	58,199	  		 	62,804	  		 	69,239	  		 	69,239	  	
New delinquencies		 	10,826	  		 	11,574	  		 	10,568	  		 	12,100	  		 	45,068	  		 	13,205	  		 	14,105	  		 	13,192	  		 	15,060	  		 	55,562	  	
Delinquency cures		 	(9,030	) 		 	(9,790	) 		 	(10,545	) 		 	(13,678	) 		 	(43,043	) 		 	(11,974	) 		 	(12,603	) 		 	(13,127	) 		 	(15,677	) 		 	(53,381	) 	
Paid claims		 	(3,157	) 		 	(3,242	) 		 	(3,279	) 		 	(4,020	) 		 	(13,698	) 		 	(4,516	) 		 	(4,957	) 		 	(4,670	) 		 	(5,818	) 		 	(19,961	) 	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Number of Primary Delinquencies		 	39,786	  		 	41,147	  		 	42,605	  		 	45,861	  		 	39,786	  		 	51,459	  		 	54,744	  		 	58,199	  		 	62,804	  		 	51,459	  	
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Composition of Cures				 																																					
Reported delinquent and cured-intraquarter		 	1,434	  		 	2,093	  		 	1,993	  		 	3,141	  						 	2,107	  		 	2,488	  		 	2,447	  		 	3,519	  					
Number of missed payments delinquent prior to cure:				 																																					
3 payments or less		 	5,340	  		 	5,202	  		 	5,335	  		 	7,252	  						 	6,253	  		 	6,291	  		 	6,748	  		 	8,125	  					
4 - 11 payments		 	1,613	  		 	1,772	  		 	2,253	  		 	2,391	  						 	2,385	  		 	2,387	  		 	2,737	  		 	2,856	  					
12 payments or more		 	643	  		 	723	  		 	964	  		 	894	  						 	1,229	  		 	1,437	  		 	1,195	  		 	1,177	  					
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total		 	9,030	  		 	9,790	  		 	10,545	  		 	13,678	  						 	11,974	  		 	12,603	  		 	13,127	  		 	15,677	  					
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Delinquencies by Missed Payment Status				 																																					
3 payments or less		 	11,318	  		 	11,478	  		 	11,228	  		 	11,351	  						 	13,992	  		 	14,078	  		 	13,871	  		 	14,674	  					
4 - 11 payments		 	9,684	  		 	9,610	  		 	9,913	  		 	11,463	  						 	12,410	  		 	13,134	  		 	14,503	  		 	16,804	  					
12 payments or more		 	18,784	  		 	20,059	  		 	21,464	  		 	23,047	  						 	25,057	  		 	27,532	  		 	29,825	  		 	31,326	  					
	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Delinquencies		 	39,786	  		 	41,147	  		 	42,605	  		 	45,861	  						 	51,459	  		 	54,744	  		 	58,199	  		 	62,804	  					

							
 		December 31, 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		 	10,849	  		$	76	  		$	426	  		 	18%    	  																					
4 - 11 payments in default		 	9,368	  		 	238	  		 	383	  		 	62%    	  																					
12 payments or more in default		 	17,960	  		 	751	  		 	895	  		 	84%    	  																					
	 	 	 	 	  	 	 	 	 	 	 	 	 				 				 				 				 				 				
Total		 	38,177	  		$	1,065	  		$	1,704	  		 	63%    	  																					

 		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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

 	  	2014	 	 	2013	 	
 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
Risk In-Force by Credit Quality (1) 	  			 	 				 				 				 				 				 				 				
Primary by FICO Scores >679	  	 	82	% 	 	 	81	% 	 	 	81	% 	 	 	80	% 	 	 	79	% 	 	 	79	% 	 	 	78	% 	 	 	76	% 	
Primary by FICO Scores 620-679	  	 	15	% 	 	 	15	% 	 	 	15	% 	 	 	16	% 	 	 	17	% 	 	 	17	% 	 	 	18	% 	 	 	19	% 	
Primary by FICO Scores 575-619	  	 	2	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	4	% 	
Primary by FICO Scores <575	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	
	 								
Flow by FICO Scores >679	  	 	82	% 	 	 	81	% 	 	 	81	% 	 	 	80	% 	 	 	79	% 	 	 	79	% 	 	 	77	% 	 	 	76	% 	
Flow by FICO Scores 620-679	  	 	15	% 	 	 	15	% 	 	 	15	% 	 	 	16	% 	 	 	17	% 	 	 	17	% 	 	 	19	% 	 	 	19	% 	
Flow by FICO Scores 575-619	  	 	2	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	4	% 	
Flow by FICO Scores <575	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	
	 								
Bulk by FICO Scores >679	  	 	89	% 	 	 	89	% 	 	 	89	% 	 	 	89	% 	 	 	89	% 	 	 	89	% 	 	 	89	% 	 	 	89	% 	
Bulk by FICO Scores 620-679	  	 	9	% 	 	 	9	% 	 	 	9	% 	 	 	9	% 	 	 	9	% 	 	 	9	% 	 	 	9	% 	 	 	9	% 	
Bulk by FICO Scores 575-619	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	
Bulk by FICO Scores <575	  	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	 	 	1	% 	
	 								
Primary A minus	  	 	2	% 	 	 	2	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	4	% 	
Primary sub-prime (2)	  	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	2	% 	 	 	3	% 	 	 	3	% 	
	 								
Primary Loans	  			 	 				 				 				 				 				 				 				
Primary loans in-force	  	 	630,852	  	 	 	624,850	  	 	 	620,415	  	 	 	618,442	  	 	 	624,236	  	 	 	627,536	  	 	 	633,685	  	 	 	649,570	  	
Primary delinquent loans	  	 	39,786	  	 	 	41,147	  	 	 	42,605	  	 	 	45,861	  	 	 	51,459	  	 	 	54,744	  	 	 	58,199	  	 	 	62,804	  	
Primary delinquency rate	  	 	6.31	% 	 	 	6.59	% 	 	 	6.87	% 	 	 	7.42	% 	 	 	8.24	% 	 	 	8.72	% 	 	 	9.18	% 	 	 	9.67	% 	
	 								
Flow loans in-force	  	 	599,206	  	 	 	591,823	  	 	 	585,719	  	 	 	582,553	  	 	 	586,546	  	 	 	589,703	  	 	 	590,949	  	 	 	590,051	  	
Flow delinquent loans	  	 	38,177	  	 	 	39,485	  	 	 	40,897	  	 	 	43,733	  	 	 	49,255	  	 	 	52,509	  	 	 	55,413	  	 	 	59,789	  	
Flow delinquency rate	  	 	6.37	% 	 	 	6.67	% 	 	 	6.98	% 	 	 	7.51	% 	 	 	8.40	% 	 	 	8.90	% 	 	 	9.38	% 	 	 	10.13	% 	
	 								
Bulk loans in-force	  	 	31,646	  	 	 	33,027	  	 	 	34,696	  	 	 	35,889	  	 	 	37,690	  	 	 	37,833	  	 	 	42,736	  	 	 	59,519	  	
Bulk delinquent loans	  	 	1,609	  	 	 	1,662	  	 	 	1,708	  	 	 	2,128	  	 	 	2,204	  	 	 	2,235	  	 	 	2,786	  	 	 	3,015	  	
Bulk delinquency rate	  	 	5.08	% 	 	 	5.03	% 	 	 	4.92	% 	 	 	5.93	% 	 	 	5.85	% 	 	 	5.91	% 	 	 	6.52	% 	 	 	5.07	% 	
	 								
A minus and sub-prime loans in-force	  	 	33,529	  	 	 	34,825	  	 	 	36,219	  	 	 	37,714	  	 	 	39,307	  	 	 	41,081	  	 	 	42,993	  	 	 	44,873	  	
A minus and sub-prime delinquent loans	  	 	7,851	  	 	 	8,017	  	 	 	8,238	  	 	 	8,789	  	 	 	10,023	  	 	 	10,548	  	 	 	10,803	  	 	 	11,484	  	
A minus and sub-prime delinquency rate	  	 	23.42	% 	 	 	23.02	% 	 	 	22.74	% 	 	 	23.30	% 	 	 	25.50	% 	 	 	25.68	% 	 	 	25.13	% 	 	 	25.59	% 	
	 								
Pool Loans	  			 	 				 				 				 				 				 				 				
Pool loans in-force	  	 	8,282	  	 	 	10,125	  	 	 	10,336	  	 	 	10,710	  	 	 	11,354	  	 	 	11,657	  	 	 	12,063	  	 	 	12,558	  	
Pool delinquent loans	  	 	521	  	 	 	549	  	 	 	546	  	 	 	575	  	 	 	628	  	 	 	670	  	 	 	634	  	 	 	674	  	
Pool delinquency rate	  	 	6.29	% 	 	 	5.42	% 	 	 	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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

 	  	December 31, 2014	 	 	September 30, 2014	 	 	December 31, 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)	  	 	28	% 	 	 	20	% 	 	 	7.89	% 	 	 	29	% 	 	 	20	% 	 	 	8.46	% 	 	 	32	% 	 	 	20	% 	 	 	11.02	% 	
South Central (3)	  	 	8	  	 	 	16	  	 	 	4.50	% 	 	 	8	  	 	 	16	  	 	 	4.63	% 	 	 	8	  	 	 	16	  	 	 	5.85	% 	
Northeast (4)	  	 	27	  	 	 	15	  	 	 	10.83	% 	 	 	26	  	 	 	15	  	 	 	11.03	% 	 	 	20	  	 	 	15	  	 	 	12.30	% 	
Pacific (5)	  	 	10	  	 	 	12	  	 	 	4.51	% 	 	 	10	  	 	 	12	  	 	 	4.87	% 	 	 	11	  	 	 	12	  	 	 	6.47	% 	
North Central (6)	  	 	10	  	 	 	12	  	 	 	5.35	% 	 	 	9	  	 	 	12	  	 	 	5.64	% 	 	 	11	  	 	 	11	  	 	 	7.39	% 	
Great Lakes (7)	  	 	5	  	 	 	10	  	 	 	4.48	% 	 	 	6	  	 	 	10	  	 	 	4.64	% 	 	 	6	  	 	 	10	  	 	 	6.03	% 	
New England (8)	  	 	5	  	 	 	6	  	 	 	6.34	% 	 	 	5	  	 	 	6	  	 	 	6.47	% 	 	 	4	  	 	 	6	  	 	 	7.74	% 	
Mid-Atlantic (9)	  	 	5	  	 	 	5	  	 	 	6.32	% 	 	 	5	  	 	 	5	  	 	 	6.50	% 	 	 	5	  	 	 	5	  	 	 	8.18	% 	
Plains (10)	  	 	2	  	 	 	4	  	 	 	4.39	% 	 	 	2	  	 	 	4	  	 	 	4.44	% 	 	 	3	  	 	 	5	  	 	 	5.46	% 	
	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	 	 	100	% 	 	 	6.31	% 	 	 	100	% 	 	 	100	% 	 	 	6.59	% 	 	 	100	% 	 	 	100	% 	 	 	8.24	% 	

By State	  				 				 				 				 				 				 				 				 				
California	  	 	4	% 	 	 	7	% 	 	 	3.09	% 	 	 	4	% 	 	 	7	% 	 	 	3.29	% 	 	 	4	% 	 	 	7	% 	 	 	4.27	% 	
Texas	  	 	3	% 	 	 	7	% 	 	 	4.55	% 	 	 	3	% 	 	 	7	% 	 	 	4.57	% 	 	 	3	% 	 	 	7	% 	 	 	5.68	% 	
New York	  	 	12	% 	 	 	6	% 	 	 	10.88	% 	 	 	12	% 	 	 	6	% 	 	 	11.14	% 	 	 	9	% 	 	 	7	% 	 	 	11.90	% 	
Florida	  	 	19	% 	 	 	6	% 	 	 	12.61	% 	 	 	20	% 	 	 	6	% 	 	 	14.03	% 	 	 	22	% 	 	 	6	% 	 	 	19.50	% 	
Illinois	  	 	6	% 	 	 	5	% 	 	 	6.76	% 	 	 	6	% 	 	 	5	% 	 	 	7.20	% 	 	 	7	% 	 	 	5	% 	 	 	9.67	% 	
New Jersey	  	 	11	% 	 	 	4	% 	 	 	15.15	% 	 	 	10	% 	 	 	4	% 	 	 	15.12	% 	 	 	8	% 	 	 	4	% 	 	 	16.76	% 	
Pennsylvania	  	 	4	% 	 	 	4	% 	 	 	7.78	% 	 	 	4	% 	 	 	4	% 	 	 	8.02	% 	 	 	3	% 	 	 	4	% 	 	 	9.73	% 	
Ohio	  	 	2	% 	 	 	4	% 	 	 	5.06	% 	 	 	2	% 	 	 	4	% 	 	 	5.20	% 	 	 	2	% 	 	 	4	% 	 	 	6.69	% 	
Georgia	  	 	3	% 	 	 	4	% 	 	 	6.39	% 	 	 	3	% 	 	 	4	% 	 	 	6.67	% 	 	 	3	% 	 	 	4	% 	 	 	8.48	% 	
North Carolina	  	 	2	% 	 	 	3	% 	 	 	5.59	% 	 	 	2	% 	 	 	4	% 	 	 	5.97	% 	 	 	2	% 	 	 	4	% 	 	 	7.43	% 	

(1)  	Total reserves were $1,180 million, $1,239 million and $1,482 million as of December 31, 2014, September 30, 2014, and December 31, 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

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

 	  	December 31, 2014	 	 	September 30, 2014	 	 	December 31, 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)	  	$	28,514	  	  	 	6.31	% 	 	$	27,926	  	  	 	6.59	% 	 	$	26,775	  	  	 	8.24	% 	
Top 10 lenders	  	 	12,306	  	  	 	7.65	% 	 	 	12,337	  	  	 	7.79	% 	 	 	12,603	  	  	 	9.36	% 	
Top 20 lenders	  	 	14,322	  	  	 	7.47	% 	 	 	14,309	  	  	 	7.63	% 	 	 	14,447	  	  	 	9.26	% 	
							
Loan-to-value ratio	  				  				 				  				 				  				
95.01% and above	  	$	6,763	  	  	 	9.07	% 	 	$	6,912	  	  	 	9.02	% 	 	$	7,377	  	  	 	10.40	% 	
90.01% to 95.00%	  	 	12,008	  	  	 	4.99	% 	 	 	11,412	  	  	 	5.36	% 	 	 	9,966	  	  	 	7.41	% 	
80.01% to 90.00%	  	 	9,383	  	  	 	6.03	% 	 	 	9,230	  	  	 	6.40	% 	 	 	9,032	  	  	 	7.96	% 	
80.00% and below	  	 	360	  	  	 	3.55	% 	 	 	372	  	  	 	3.51	% 	 	 	400	  	  	 	3.69	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	28,514	  	  	 	6.31	% 	 	$	27,926	  	  	 	6.59	% 	 	$	26,775	  	  	 	8.24	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Loan grade	  				  				 				  				 				  				
Prime	  	$	27,262	  	  	 	5.35	% 	 	$	26,627	  	  	 	5.62	% 	 	$	25,320	  	  	 	7.08	% 	
A minus and sub-prime	  	 	1,252	  	  	 	23.42	% 	 	 	1,299	  	  	 	23.02	% 	 	 	1,455	  	  	 	25.50	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	28,514	  	  	 	6.31	% 	 	$	27,926	  	  	 	6.59	% 	 	$	26,775	  	  	 	8.24	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Loan type (1)	  				  				 				  				 				  				
First mortgages	  				  				 				  				 				  				
Fixed rate mortgage	  				  				 				  				 				  				
Flow	  	$	27,845	  	  	 	6.20	% 	 	$	27,228	  	  	 	6.49	% 	 	$	25,996	  	  	 	8.18	% 	
Bulk	  	 	388	  	  	 	4.87	% 	 	 	404	  	  	 	4.80	% 	 	 	432	  	  	 	5.58	% 	
Adjustable rate mortgage	  				  				 				  				 				  				
Flow	  	 	267	  	  	 	27.58	% 	 	 	279	  	  	 	27.78	% 	 	 	331	  	  	 	29.08	% 	
Bulk	  	 	14	  	  	 	11.53	% 	 	 	15	  	  	 	12.11	% 	 	 	16	  	  	 	14.37	% 	
Second mortgages	  	 	—  	  	  	 	—  	% 	 	 	—  	  	  	 	—  	% 	 	 	—  	  	  	 	—  	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	28,514	  	  	 	6.31	% 	 	$	27,926	  	  	 	6.59	% 	 	$	26,775	  	  	 	8.24	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Type of documentation	  				  				 				  				 				  				
Alt-A	  				  				 				  				 				  				
Flow	  	$	392	  	  	 	28.71	% 	 	$	410	  	  	 	29.79	% 	 	$	475	  	  	 	30.82	% 	
Bulk	  	 	29	  	  	 	11.25	% 	 	 	30	  	  	 	12.17	% 	 	 	30	  	  	 	12.44	% 	
Standard (2)	  				  				 				  				 				  				
Flow	  	 	27,720	  	  	 	6.08	% 	 	 	27,097	  	  	 	6.35	% 	 	 	25,852	  	  	 	8.03	% 	
Bulk	  	 	373	  	  	 	4.74	% 	 	 	389	  	  	 	4.64	% 	 	 	418	  	  	 	5.45	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	28,514	  	  	 	6.31	% 	 	$	27,926	  	  	 	6.59	% 	 	$	26,775	  	  	 	8.24	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Mortgage term	  				  				 				  				 				  				
15 years and under	  	$	1,072	  	  	 	0.87	% 	 	$	1,099	  	  	 	0.82	% 	 	$	1,111	  	  	 	0.86	% 	
More than 15 years	  	 	27,442	  	  	 	6.68	% 	 	 	26,827	  	  	 	7.00	% 	 	 	25,664	  	  	 	8.79	% 	
	  	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total	  	$	28,514	  	  	 	6.31	% 	 	$	27,926	  	  	 	6.59	% 	 	$	26,775	  	  	 	8.24	% 	

(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

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

 	  	December 31, 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	  	 	6.31	% 	 	 	7.2	% 	 	$	3,237	  	 	 	2.8	% 	 	$	723	  	  	 	2.5	% 	 	 	16.59	% 	
2004	  	 	5.73	% 	 	 	4.9	  	 	 	2,245	  	 	 	2.0	  	 	 	527	  	  	 	1.8	  	 	 	12.76	% 	
2005	  	 	5.68	% 	 	 	12.0	  	 	 	4,616	  	 	 	4.0	  	 	 	1,231	  	  	 	4.3	  	 	 	14.36	% 	
2006	  	 	5.92	% 	 	 	17.6	  	 	 	7,202	  	 	 	6.3	  	 	 	1,833	  	  	 	6.4	  	 	 	14.14	% 	
2007	  	 	5.84	% 	 	 	37.5	  	 	 	17,356	  	 	 	15.2	  	 	 	4,355	  	  	 	15.3	  	 	 	13.31	% 	
2008	  	 	5.37	% 	 	 	18.1	  	 	 	15,297	  	 	 	13.4	  	 	 	3,868	  	  	 	13.6	  	 	 	7.55	% 	
2009	  	 	4.98	% 	 	 	0.7	  	 	 	2,571	  	 	 	2.2	  	 	 	588	  	  	 	2.1	  	 	 	2.00	% 	
2010	  	 	4.69	% 	 	 	0.6	  	 	 	3,384	  	 	 	2.9	  	 	 	805	  	  	 	2.8	  	 	 	1.42	% 	
2011	  	 	4.50	% 	 	 	0.5	  	 	 	4,570	  	 	 	4.0	  	 	 	1,141	  	  	 	4.0	  	 	 	1.04	% 	
2012	  	 	3.79	% 	 	 	0.4	  	 	 	11,315	  	 	 	9.9	  	 	 	2,843	  	  	 	10.0	  	 	 	0.43	% 	
2013	  	 	3.96	% 	 	 	0.4	  	 	 	19,086	  	 	 	16.7	  	 	 	4,726	  	  	 	16.6	  	 	 	0.31	% 	
2014	  	 	4.39	% 	 	 	0.1	  	 	 	23,566	  	 	 	20.6	  	 	 	5,874	  	  	 	20.6	  	 	 	0.10	% 	
	  				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 				
Total		 	4.98	% 		 	100.0	% 		$	114,445	  		 	100.0	% 		$	28,514	  		 	100.0	% 		 	6.31	% 	

 	  	December 31, 2014	 	 	September 30, 2014	 	 	 	 	  	 	 	 	 	 	
Occupancy and Property Type	  	% of Primary
Risk In-Force	 	 	Deliquency
Rate	 	 	% of Primary Risk
In-Force	 	 	Deliquency
Rate	 	 	 	 	  	 	 	 	 	 	
Occupancy Status	  				 				 				 				 				  				 				
Primary residence	  	 	95.1	% 	 	 	6.24	% 	 	 	95.0	% 	 	 	6.51	% 	 				  				 				
Second home	  	 	2.6	  	 	 	6.57	% 	 	 	2.6	  	 	 	7.00	% 	 				  				 				
Non-owner occupied	  	 	2.3	  	 	 	7.95	% 	 	 	2.4	  	 	 	8.13	% 	 				  				 				
	  	 	 	 	 				 	 	 	 	 				 				  				 				
Total		 	100.0	% 		 	6.31	% 		 	100.0	% 		 	6.59	% 													
	  	 	 	 	 				 	 	 	 	 				 				  				 				
Property Type																													
Single family detached		 	88.9	% 		 	6.09	% 		 	88.8	% 		 	6.35	% 													
Condominium and co-operative		 	9.6	  		 	7.06	% 		 	9.7	  		 	7.39	% 													
Multi-family and other		 	1.5	  		 	13.10	% 		 	1.5	  		 	13.69	% 													
	  	 	 	 	 				 	 	 	 	 				 				  				 				
Total		 	100.0	% 		 	6.31	% 		 	100.0	% 		 	6.59	% 													

(1)  	Average Annual Mortgage Interest Rate.	
(2)  	Total reserves were $1,180 million as of December 31, 2014.	
 
50

Corporate and Other Division
 
51

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	172	  	  	$	186	  	 	$	200	  	 	$	176	  	 	$	734	  	 	$	159	  	 	$	160	  	 	$	156	  	 	$	166	  	 	$	641	  	
Net investment income	  	 	56	  	  	 	50	  	 	 	56	  	 	 	53	  	 	 	215	  	 	 	67	  	 	 	53	  	 	 	68	  	 	 	69	  	 	 	257	  	
Net investment gains (losses)	  	 	(18	) 	  	 	(24	) 	 	 	(3	) 	 	 	(17	) 	 	 	(62	) 	 	 	19	  	 	 	(24	) 	 	 	(9	) 	 	 	(52	) 	 	 	(66	) 	
Insurance and investment product fees and other	  	 	53	  	  	 	52	  	 	 	53	  	 	 	54	  	 	 	212	  	 	 	55	  	 	 	56	  	 	 	53	  	 	 	100	  	 	 	264	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	263	  		 	264	  		 	306	  		 	266	  		 	1,099	  		 	300	  		 	245	  		 	268	  		 	283	  		 	1,096	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:				 																																					
Benefits and other changes in policy reserves		 	58	  		 	65	  		 	62	  		 	54	  		 	239	  		 	48	  		 	49	  		 	51	  		 	43	  		 	191	  	
Interest credited		 	31	  		 	30	  		 	29	  		 	29	  		 	119	  		 	30	  		 	28	  		 	29	  		 	32	  		 	119	  	
Acquisition and operating expenses, net of deferrals		 	136	  		 	138	  		 	155	  		 	135	  		 	564	  		 	135	  		 	162	  		 	140	  		 	179	  		 	616	  	
Amortization of deferred acquisition costs and intangibles		 	42	  		 	36	  		 	40	  		 	42	  		 	160	  		 	35	  		 	28	  		 	38	  		 	18	  		 	119	  	
Interest expense		 	88	  		 	84	  		 	91	  		 	98	  		 	361	  		 	89	  		 	90	  		 	89	  		 	94	  		 	362	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	355	  		 	353	  		 	377	  		 	358	  		 	1,443	  		 	337	  		 	357	  		 	347	  		 	366	  		 	1,407	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(92	) 		 	(89	) 		 	(71	) 		 	(92	) 		 	(344	) 		 	(37	) 		 	(112	) 		 	(79	) 		 	(83	) 		 	(311	) 	
Provision (benefit) for income taxes		 	(174	) 		 	2	  		 	(23	) 		 	(50	) 		 	(245	) 		 	(14	) 		 	(22	) 		 	(28	) 		 	(26	) 		 	(90	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	82	  		 	(91	) 		 	(48	) 		 	(42	) 		 	(99	) 		 	(23	) 		 	(90	) 		 	(51	) 		 	(57	) 		 	(221	) 	
Income (loss) from discontinued operations, net of taxes		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	2	  		 	6	  		 	(20	) 		 	(12	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)		 	82	  		 	(91	) 		 	(48	) 		 	(42	) 		 	(99	) 		 	(23	) 		 	(88	) 		 	(45	) 		 	(77	) 		 	(233	) 	
ADJUSTMENTS TO NET INCOME (LOSS):				 																																					
Net investment (gains) losses, net		 	9	  		 	11	  		 	1	  		 	10	  		 	31	  		 	(10	) 		 	11	  		 	—  	  		 	21	  		 	22	  	
(Gains) losses on early extinguishment of debt, net		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	20	  		 	—  	  		 	—  	  		 	20	  	
Tax impact from potential business portfolio changes		 	(108	) 		 	—  	  		 	—  	  		 	—  	  		 	(108	) 		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Expenses related to restructuring, net		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	3	  		 	—  	  		 	3	  	
(Income) loss from discontinued operations, net of taxes		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	(2	) 		 	(6	) 		 	20	  		 	12	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING LOSS		$	(17	) 		$	(80	) 		$	(47	) 		$	(32	) 		$	(176	) 		$	(33	) 		$	(59	) 		$	(48	) 		$	(36	) 		$	(176	) 	

Effective tax rate (operating loss)		 	79.0	% 		 	-10.5	% 		 	33.0	% 		 	57.5	% 		 	40.5	% 		 	37.5	% 		 	8.1	% 		 	35.9	% 		 	28.2	% 		 	27.4	% 	
 
52

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

Three months ended December 31, 2014		International
Protection Segment	 		Runoff Segment	 		Corporate and Other (1)	 		Total	 	
REVENUES:																 	
Premiums		$	172	  		$	—  	  		$	—  	  		$	172	  	
Net investment income		 	22	  		 	32	  		 	2	  		 	56	  	
Net investment gains (losses)		 	(1	) 		 	(23	) 		 	6	  		 	(18	) 	
Insurance and investment product fees and other		 	—  	  		 	51	  		 	2	  		 	53	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues		 	193	  		 	60	  		 	10	  		 	263	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:																 	
Benefits and other changes in policy reserves		 	48	  		 	10	  		 	—  	  		 	58	  	
Interest credited		 	—  	  		 	31	  		 	—  	  		 	31	  	
Acquisition and operating expenses, net of deferrals		 	110	  		 	22	  		 	4	  		 	136	  	
Amortization of deferred acquisition costs and intangibles		 	28	  		 	13	  		 	1	  		 	42	  	
Interest expense		 	12	  		 	—  	  		 	76	  		 	88	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses		 	198	  		 	76	  		 	81	  		 	355	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(5	) 		 	(16	) 		 	(71	) 		 	(92	) 	
Benefit for income taxes		 	(109	) 		 	(19	) 		 	(46	) 		 	(174	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	104	  		 	3	  		 	(25	) 		 	82	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET INCOME (LOSS)		 	104	  		 	3	  		 	(25	) 		 	82	  	
				 	
ADJUSTMENTS TO NET INCOME (LOSS):																 	
Net investment (gains) losses, net		 	—  	  		 	13	  		 	(4	) 		 	9	  	
Tax impact from potential business portfolio changes		 	(108	) 		 	—  	  		 	—  	  		 	(108	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		$	(4	) 		$	16	  		$	(29	) 		$	(17	) 	

Effective tax rate (operating income (loss))		 	21.7	% 		 	NM 	(2)  		 	61.7	% 		 	79.0	% 	
 		 	 		 	 		 	 		 	 	
Three months ended December 31, 2013		International
Protection Segment	 		Runoff Segment	 		Corporate and Other (1)	 		Total	 	
REVENUES:																 	
Premiums		$	158	  		$	1	  		$	—  	  		$	159	  	
Net investment income		 	29	  		 	38	  		 	—  	  		 	67	  	
Net investment gains (losses)		 	4	  		 	24	  		 	(9	) 		 	19	  	
Insurance and investment product fees and other		 	1	  		 	54	  		 	—  	  		 	55	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues		 	192	  		 	117	  		 	(9	) 		 	300	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:																 	
Benefits and other changes in policy reserves		 	39	  		 	9	  		 	—  	  		 	48	  	
Interest credited		 	—  	  		 	30	  		 	—  	  		 	30	  	
Acquisition and operating expenses, net of deferrals		 	107	  		 	21	  		 	7	  		 	135	  	
Amortization of deferred acquisition costs and intangibles		 	27	  		 	9	  		 	(1	) 		 	35	  	
Interest expense		 	8	  		 	1	  		 	80	  		 	89	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses		 	181	  		 	70	  		 	86	  		 	337	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	11	  		 	47	  		 	(95	) 		 	(37	) 	
Provision (benefit) for income taxes		 	(5	) 		 	15	  		 	(24	) 		 	(14	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	16	  		 	32	  		 	(71	) 		 	(23	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET INCOME (LOSS)		 	16	  		 	32	  		 	(71	) 		 	(23	) 	
				 	
ADJUSTMENT TO NET INCOME (LOSS):																 	
Net investment (gains) losses, net		 	(3	) 		 	(13	) 		 	6	  		 	(10	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		$	13	  		$	19	  		$	(65	) 		$	(33	) 	

Effective tax rate (operating income (loss))		 	-95.6	% 		 	28.1	% 		 	24.8	% 		 	37.5	% 	

(1)  	Includes inter-segment eliminations and non-core products.	
(2)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
53

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

Twelve months ended December 31, 2014		International
Protection Segment	 		Runoff Segment	 		Corporate and Other (1)	 		Total	 	
REVENUES:	  												 	
Premiums		$	731	  		$	3	  		$	—  	  		$	734	  	
Net investment income		 	101	  		 	129	  		 	(15	) 		 	215	  	
Net investment gains (losses)		 	—  	  		 	(66	) 		 	4	  		 	(62	) 	
Insurance and investment product fees and other		 	5	  		 	209	  		 	(2	) 		 	212	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues		 	837	  		 	275	  		 	(13	) 		 	1,099	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:																 	
Benefits and other changes in policy reserves		 	202	  		 	37	  		 	—  	  		 	239	  	
Interest credited		 	—  	  		 	119	  		 	—  	  		 	119	  	
Acquisition and operating expenses, net of deferrals		 	462	  		 	84	  		 	18	  		 	564	  	
Amortization of deferred acquisition costs and intangibles		 	118	  		 	39	  		 	3	  		 	160	  	
Interest expense		 	46	  		 	1	  		 	314	  		 	361	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses		 	828	  		 	280	  		 	335	  		 	1,443	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	9	  		 	(5	) 		 	(348	) 		 	(344	) 	
Benefit for income taxes		 	(107	) 		 	(19	) 		 	(119	) 		 	(245	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	116	  		 	14	  		 	(229	) 		 	(99	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET INCOME (LOSS)		 	116	  		 	14	  		 	(229	) 		 	(99	) 	
				 	
ADJUSTMENTS TO NET INCOME (LOSS):																 	
Net investment (gains) losses, net		 	—  	  		 	34	  		 	(3	) 		 	31	  	
Tax impact from potential business portfolio changes		 	(108	) 		 	—  	  		 	—  	  		 	(108	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		$	8	  		$	48	  		$	(232	) 		$	(176	) 	

Effective tax rate (operating income (loss))		 	5.8	% 		 	-1.0	% 		 	34.0	% 		 	40.5	% 	
 		 	 		 	 		 	 		 	 	
Twelve months ended December 31, 2013		International
Protection Segment	 		Runoff Segment	 		Corporate and Other (1)	 		Total	 	
REVENUES:																 	
Premiums		$	636	  		$	5	  		$	—  	  		$	641	  	
Net investment income		 	119	  		 	139	  		 	(1	) 		 	257	  	
Net investment gains (losses)		 	27	  		 	(58	) 		 	(35	) 		 	(66	) 	
Insurance and investment product fees and other		 	4	  		 	216	  		 	44	  		 	264	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total revenues		 	786	  		 	302	  		 	8	  		 	1,096	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:																 	
Benefits and other changes in policy reserves		 	159	  		 	32	  		 	—  	  		 	191	  	
Interest credited		 	—  	  		 	119	  		 	—  	  		 	119	  	
Acquisition and operating expenses, net of deferrals		 	433	  		 	81	  		 	102	  		 	616	  	
Amortization of deferred acquisition costs and intangibles		 	106	  		 	6	  		 	7	  		 	119	  	
Interest expense		 	42	  		 	2	  		 	318	  		 	362	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total benefits and expenses		 	740	  		 	240	  		 	427	  		 	1,407	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	46	  		 	62	  		 	(419	) 		 	(311	) 	
Provision (benefit) for income taxes		 	7	  		 	13	  		 	(110	) 		 	(90	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	39	  		 	49	  		 	(309	) 		 	(221	) 	
Income (loss) from discontinued operations, net of taxes		 	—  	  		 	—  	  		 	(12	) 		 	(12	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET INCOME (LOSS)		 	39	  		 	49	  		 	(321	) 		 	(233	) 	
				 	
ADJUSTMENTS TO NET INCOME (LOSS):																 	
Net investment (gains) losses, net		 	(18	) 		 	17	  		 	23	  		 	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		 	—  	  		 	—  	  		 	12	  		 	12	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)		$	24	  		$	66	  		$	(266	) 		$	(176	) 	

Effective tax rate (operating income (loss))		 	-5.1	% 		 	25.5	% 		 	24.9	% 		 	27.4	% 	

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

International Protection Segment
 
55

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Net Operating Income (Loss) and Sales—International Protection Segment
(amounts in millions)

 	  	2014	 	  	2013	 	
 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				  				  				  				  				  				  				  				
Premiums	  	$	172	  	  	$	185	  	  	$	199	  	  	$	175	  	  	$	731	  	  	$	158	  	  	$	159	  	  	$	154	  	  	$	165	  	  	$	636	  	
Net investment income	  	 	22	  	  	 	27	  	  	 	22	  	  	 	30	  	  	 	101	  	  	 	29	  	  	 	26	  	  	 	31	  	  	 	33	  	  	 	119	  	
Net investment gains (losses)	  	 	(1	) 	  	 	—  	  	  	 	—  	  	  	 	1	  	  	 	—  	  	  	 	4	  	  	 	1	  	  	 	16	  	  	 	6	  	  	 	27	  	
Insurance and investment product fees and other	  	 	—  	  	  	 	2	  	  	 	2	  	  	 	1	  	  	 	5	  	  	 	1	  	  	 	1	  	  	 	1	  	  	 	1	  	  	 	4	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	193	  	  	 	214	  	  	 	223	  	  	 	207	  	  	 	837	  	  	 	192	  	  	 	187	  	  	 	202	  	  	 	205	  	  	 	786	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				  				  				  				  				  				  				  				
Benefits and other changes in policy reserves	  	 	48	  	  	 	52	  	  	 	56	  	  	 	46	  	  	 	202	  	  	 	39	  	  	 	40	  	  	 	41	  	  	 	39	  	  	 	159	  	
Interest credited	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Acquisition and operating expenses, net of deferrals	  	 	110	  	  	 	117	  	  	 	126	  	  	 	109	  	  	 	462	  	  	 	107	  	  	 	106	  	  	 	110	  	  	 	110	  	  	 	433	  	
Amortization of deferred acquisition costs and intangibles	  	 	28	  	  	 	30	  	  	 	30	  	  	 	30	  	  	 	118	  	  	 	27	  	  	 	25	  	  	 	26	  	  	 	28	  	  	 	106	  	
Interest expense	  	 	12	  	  	 	10	  	  	 	9	  	  	 	15	  	  	 	46	  	  	 	8	  	  	 	9	  	  	 	11	  	  	 	14	  	  	 	42	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	198	  	  	 	209	  	  	 	221	  	  	 	200	  	  	 	828	  	  	 	181	  	  	 	180	  	  	 	188	  	  	 	191	  	  	 	740	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(5	) 	  	 	5	  	  	 	2	  	  	 	7	  	  	 	9	  	  	 	11	  	  	 	7	  	  	 	14	  	  	 	14	  	  	 	46	  	
Provision (benefit) for income taxes	  	 	(109	) 	  	 	3	  	  	 	—  	  	  	 	(1	) 	  	 	(107	) 	  	 	(5	) 	  	 	3	  	  	 	5	  	  	 	4	  	  	 	7	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	104	  	  	 	2	  	  	 	2	  	  	 	8	  	  	 	116	  	  	 	16	  	  	 	4	  	  	 	9	  	  	 	10	  	  	 	39	  	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				  				  				  				  				  				  				  				  				
Net investment (gains) losses, net	  	 	—  	  	  	 	1	  	  	 	—  	  	  	 	(1	) 	  	 	—  	  	  	 	(3	) 	  	 	—  	  	  	 	(11	) 	  	 	(4	) 	  	 	(18	) 	
Tax impact from potential business portfolio changes	  	 	(108	) 	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	(108	) 	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Expenses related to restructuring, net	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	3	  	  	 	—  	  	  	 	3	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS) (1)	  	$	(4	) 	  	$	3	  	  	$	2	  	  	$	7	  	  	$	8	  	  	$	13	  	  	$	4	  	  	$	1	  	  	$	6	  	  	$	24	  	

											
Effective tax rate (operating income (loss))	  	 	21.7	%  	  	 	47.7	%  	  	 	6.8	%  	  	 	-22.3	%  	  	 	5.8	%  	  	 	-95.6	%  	  	 	36.7	%  	  	 	38.7	%  	  	 	26.1	%  	  	 	-5.1	%  	
											
Net Premiums Written	  				  				  				  				  				  				  				  				  				  				
Northern Europe	  	$	85	  	  	$	94	  	  	$	104	  	  	$	115	  	  	$	398	  	  	$	104	  	  	$	113	  	  	$	106	  	  	$	106	  	  	$	429	  	
Southern Europe	  	 	71	  	  	 	76	  	  	 	86	  	  	 	108	  	  	 	341	  	  	 	72	  	  	 	71	  	  	 	74	  	  	 	78	  	  	 	295	  	
Structured Deals (2)	  	 	8	  	  	 	5	  	  	 	—  	  	  	 	1	  	  	 	14	  	  	 	7	  	  	 	8	  	  	 	(10	) 	  	 	28	  	  	 	33	  	
New Markets	  	 	8	  	  	 	7	  	  	 	15	  	  	 	11	  	  	 	41	  	  	 	9	  	  	 	9	  	  	 	14	  	  	 	21	  	  	 	53	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Pre-Deposit Accounting Basis (3)	  	 	172	  	  	 	182	  	  	 	205	  	  	 	235	  	  	 	794	  	  	 	192	  	  	 	201	  	  	 	184	  	  	 	233	  	  	 	810	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Deposit Accounting Adjustments	  	 	23	  	  	 	17	  	  	 	6	  	  	 	39	  	  	 	85	  	  	 	40	  	  	 	47	  	  	 	35	  	  	 	80	  	  	 	202	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total (4)	  	$	149	  	  	$	165	  	  	$	199	  	  	$	196	  	  	$	709	  	  	$	152	  	  	$	154	  	  	$	149	  	  	$	153	  	  	$	608	  	

											
Loss Ratio	  	 	28	% 	  	 	28	% 	  	 	28	% 	  	 	26	% 	  	 	28	% 	  	 	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 (loss) adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $(3) million and $9 million for the three and twelve months ended December 31, 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 $159 million and $701 million for the three and twelve months ended December 31, 2014, respectively.	
 
56

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

 		4Q 2014	 		3Q 2014	 		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	 		Reported	 		Deposit
Accounting
Adjustments	 		Pre-Deposit
Accounting
Basis	 		Reported	 		Deposit
Accounting
Adjustments	 		Pre-Deposit
Accounting
Basis	 	
REVENUES:																																																													
Premiums		$	 172	  		$	30	  		$	 202	  		$	 185	  		$	34	  		$	 219	  		$	 199	  		$	41	  		$	 240	  		$	 175	  		$	43	  		$	 218	  		$	 731	  		$	 148	  		$	 879	  	
Net investment income		 	22	  		 	(7	) 		 	15	  		 	27	  		 	(10	) 		 	17	  		 	22	  		 	(7	) 		 	15	  		 	30	  		 	(10	) 		 	20	  		 	101	  		 	(34	) 		 	67	  	
Net investment gains (losses)		 	(1	) 		 	—  	  		 	(1	) 		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	1	  		 	—  	  		 	1	  		 	—  	  		 	—  	  		 	—  	  	
Insurance and investment product fees and other		 	—  	  		 	—  	  		 	—  	  		 	2	  		 	—  	  		 	2	  		 	2	  		 	—  	  		 	2	  		 	1	  		 	—  	  		 	1	  		 	5	  		 	—  	  		 	5	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	193	  		 	23	  		 	216	  		 	214	  		 	24	  		 	238	  		 	223	  		 	34	  		 	257	  		 	207	  		 	33	  		 	240	  		 	837	  		 	114	  		 	951	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:																																																													
Benefits and other changes in policy reserves		 	48	  		 	14	  		 	62	  		 	52	  		 	9	  		 	61	  		 	56	  		 	20	  		 	76	  		 	46	  		 	20	  		 	66	  		 	202	  		 	63	  		 	265	  	
Interest credited		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Acquisition and operating expenses, net of deferrals		 	110	  		 	8	  		 	118	  		 	117	  		 	9	  		 	126	  		 	126	  		 	8	  		 	134	  		 	109	  		 	9	  		 	118	  		 	462	  		 	34	  		 	496	  	
Amortization of deferred acquisition costs and intangibles		 	28	  		 	7	  		 	35	  		 	30	  		 	8	  		 	38	  		 	30	  		 	9	  		 	39	  		 	30	  		 	10	  		 	40	  		 	118	  		 	34	  		 	152	  	
Interest expense		 	12	  		 	(6	) 		 	6	  		 	10	  		 	(2	) 		 	8	  		 	9	  		 	(3	) 		 	6	  		 	15	  		 	(6	) 		 	9	  		 	46	  		 	(17	) 		 	29	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	198	  		 	23	  		 	221	  		 	209	  		 	24	  		 	233	  		 	221	  		 	34	  		 	255	  		 	200	  		 	33	  		 	233	  		 	828	  		 	114	  		 	942	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(5	) 		 	—  	  		 	(5	) 		 	5	  		 	—  	  		 	5	  		 	2	  		 	—  	  		 	2	  		 	7	  		 	—  	  		 	7	  		 	9	  		 	—  	  		 	9	  	
Provision (benefit) for income taxes		 	(109	) 		 	—  	  		 	(109	) 		 	3	  		 	—  	  		 	3	  		 	—  	  		 	—  	  		 	—  	  		 	(1	) 		 	—  	  		 	(1	) 		 	(107	) 		 	—  	  		 	(107	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	104	  		 	—  	  		 	104	  		 	2	  		 	—  	  		 	2	  		 	2	  		 	—  	  		 	2	  		 	8	  		 	—  	  		 	8	  		 	116	  		 	—  	  		 	116	  	
																
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:																																																													
Net investment (gains) losses, net		 	—  	  		 	—  	  		 	—  	  		 	1	  		 	—  	  		 	1	  		 	—  	  		 	—  	  		 	—  	  		 	(1	) 		 	—  	  		 	(1	) 		 	—  	  		 	—  	  		 	—  	  	
Tax impact from potential business portfolio changes		 	(108	) 		 	—  	  		 	(108	) 		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	(108	) 		 	—  	  		 	(108	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS) (1)		$	(4	) 		$	—  	  		$	(4	) 		$	3	  		$	—  	  		$	3	  		$	2	  		$	—  	  		$	2	  		$	7	  		$	—  	  		$	7	  		$	8	  		$	—  	  		$	8	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income (loss))		 	21.7	%  						 	21.7	%  		 	47.7	%  						 	47.7	%  		 	6.8	%  						 	6.8	%  		 	-22.3	%  						 	-22.3	%  		 	5.8	%  						 	5.8	%  	
																
Other Metrics:																																																													
Premiums		$	172	  		$	30	  		$	202	  		$	185	  		$	34	  		$	219	  		$	199	  		$	41	  		$	240	  		$	175	  		$	43	  		$	218	  		$	731	  		$	148	  		$	879	  	
Benefits and other changes in policy reserves		 	48	  		 	14	  		 	62	  		 	52	  		 	9	  		 	61	  		 	56	  		 	20	  		 	76	  		 	46	  		 	20	  		 	66	  		 	202	  		 	63	  		 	265	  	
Commissions (2)		 	80	  		 	5	  		 	85	  		 	87	  		 	6	  		 	93	  		 	96	  		 	8	  		 	104	  		 	81	  		 	9	  		 	90	  		 	344	  		 	28	  		 	372	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Margin before profit sharing		 	44	  		 	11	  		 	55	  		 	46	  		 	19	  		 	65	  		 	47	  		 	13	  		 	60	  		 	48	  		 	14	  		 	62	  		 	185	  		 	57	  		 	242	  	
Profit share (2)		 	18	  		 	10	  		 	28	  		 	22	  		 	10	  		 	32	  		 	18	  		 	10	  		 	28	  		 	19	  		 	9	  		 	28	  		 	77	  		 	39	  		 	116	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Underwriting profit (3)		$	26	  		$	1	  		$	27	  		$	24	  		$	9	  		$	33	  		$	29	  		$	3	  		$	32	  		$	29	  		$	5	  		$	34	  		$	108	  		$	18	  		$	126	  	

Loss Ratio		 	28	% 						 	31	% 		 	28	% 						 	28	% 		 	28	% 						 	32	% 		 	26	% 						 	30	% 		 	28	% 						 	30	% 	
																
Underwriting Margin (3)		 	15	% 						 	13	% 		 	13	% 						 	15	% 		 	15	% 						 	13	% 		 	17	% 						 	16	% 		 	15	% 						 	14	% 	
																
Combined Ratio (4)		 	108	% 						 	106	% 		 	108	% 						 	103	% 		 	107	% 						 	104	% 		 	106	% 						 	103	% 		 	107	% 						 	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 (loss) available to Genworth Financial, Inc.’s common stockholders or to segment net operating income (loss). 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 (loss) adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $(3) million and $9 million for the three and twelve months ended December 31, 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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH 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	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME 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

Runoff Segment
 
59

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Net Operating Income—Runoff Segment
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	—  	  	  	$	1	  	 	$	1	  	 	$	1	  	 	$	3	  	 	$	1	  	 	$	1	  	 	$	2	  	 	$	1	  	 	$	5	  	
Net investment income	  	 	32	  	  	 	32	  	 	 	33	  	 	 	32	  	 	 	129	  	 	 	38	  	 	 	33	  	 	 	34	  	 	 	34	  	 	 	139	  	
Net investment gains (losses)	  	 	(23	) 	  	 	(33	) 	 	 	3	  	 	 	(13	) 	 	 	(66	) 	 	 	24	  	 	 	(14	) 	 	 	(20	) 	 	 	(48	) 	 	 	(58	) 	
Insurance and investment product fees and other	  	 	51	  	  	 	53	  	 	 	52	  	 	 	53	  	 	 	209	  	 	 	54	  	 	 	53	  	 	 	53	  	 	 	56	  	 	 	216	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	60	  		 	53	  		 	89	  		 	73	  		 	275	  		 	117	  		 	73	  		 	69	  		 	43	  		 	302	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:				 																																					
Benefits and other changes in policy reserves		 	10	  		 	13	  		 	6	  		 	8	  		 	37	  		 	9	  		 	9	  		 	10	  		 	4	  		 	32	  	
Interest credited		 	31	  		 	30	  		 	29	  		 	29	  		 	119	  		 	30	  		 	28	  		 	29	  		 	32	  		 	119	  	
Acquisition and operating expenses, net of deferrals		 	22	  		 	22	  		 	20	  		 	20	  		 	84	  		 	21	  		 	18	  		 	22	  		 	20	  		 	81	  	
Amortization of deferred acquisition costs and intangibles		 	13	  		 	5	  		 	10	  		 	11	  		 	39	  		 	9	  		 	2	  		 	8	  		 	(13	) 		 	6	  	
Interest expense		 	—  	  		 	—  	  		 	1	  		 	—  	  		 	1	  		 	1	  		 	—  	  		 	1	  		 	—  	  		 	2	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	76	  		 	70	  		 	66	  		 	68	  		 	280	  		 	70	  		 	57	  		 	70	  		 	43	  		 	240	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(16	) 		 	(17	) 		 	23	  		 	5	  		 	(5	) 		 	47	  		 	16	  		 	(1	) 		 	—  	  		 	62	  	
Provision (benefit) for income taxes		 	(19	) 		 	(5	) 		 	5	  		 	—  	  		 	(19	) 		 	15	  		 	(5	) 		 	—  	  		 	3	  		 	13	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS		 	3	  		 	(12	) 		 	18	  		 	5	  		 	14	  		 	32	  		 	21	  		 	(1	) 		 	(3	) 		 	49	  	
	 										
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:				 																																					
Net investment (gains) losses, net		 	13	  		 	17	  		 	(3	) 		 	7	  		 	34	  		 	(13	) 		 	4	  		 	7	  		 	19	  		 	17	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME		$	16	  		$	5	  		$	15	  		$	12	  		$	48	  		$	19	  		$	25	  		$	6	  		$	16	  		$	66	  	

Effective tax rate (operating income)		 	NM 	(1)  		 	48.2	%  		 	16.1	%  		 	25.1	%  		 	-1.0	%  		 	28.1	%  		 	-6.9	%  		 	40.9	%  		 	44.8	%  		 	25.5	%  	

(1)	“NM” is defined as not meaningful for percentages greater than 200%.	
 
60

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

 	 	2014	 	 	2013	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Variable Annuities—Income Distribution Series	 			 	 				 				 				 				 				 				 				 				 				
Account value, beginning of the period	 	$	5,763	  	 	$	5,984	  	 	$	5,990	  	 	$	6,061	  	 	$	6,061	  	 	$	6,044	  	 	$	5,983	  	 	$	6,202	  	 	$	6,141	  	 	$	6,141	  	
Deposits	 	 	9	  	 	 	12	  	 	 	13	  	 	 	16	  	 	 	50	  	 	 	19	  	 	 	19	  	 	 	18	  	 	 	20	  	 	 	76	  	
Surrenders, benefits and product charges	 	 	(208	) 	 	 	(204	) 	 	 	(210	) 	 	 	(198	) 	 	 	(820	) 	 	 	(212	) 	 	 	(186	) 	 	 	(183	) 	 	 	(173	) 	 	 	(754	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	 	 	(199	) 	 	 	(192	) 	 	 	(197	) 	 	 	(182	) 	 	 	(770	) 	 	 	(193	) 	 	 	(167	) 	 	 	(165	) 	 	 	(153	) 	 	 	(678	) 	
Interest credited and investment performance	 	 	102	  	 	 	(29	) 	 	 	191	  	 	 	111	  	 	 	375	  	 	 	210	  	 	 	228	  	 	 	(54	) 	 	 	214	  	 	 	598	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	 	 	5,666	  	 	 	5,763	  	 	 	5,984	  	 	 	5,990	  	 	 	5,666	  	 	 	6,061	  	 	 	6,044	  	 	 	5,983	  	 	 	6,202	  	 	 	6,061	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Traditional Variable Annuities	 			 	 				 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of the period	 	 	1,492	  	 	 	1,583	  	 	 	1,598	  	 	 	1,643	  	 	 	1,643	  	 	 	1,620	  	 	 	1,601	  	 	 	1,674	  	 	 	1,662	  	 	 	1,662	  	
Deposits	 	 	1	  	 	 	2	  	 	 	4	  	 	 	3	  	 	 	10	  	 	 	4	  	 	 	4	  	 	 	2	  	 	 	3	  	 	 	13	  	
Surrenders, benefits and product charges	 	 	(70	) 	 	 	(81	) 	 	 	(80	) 	 	 	(78	) 	 	 	(309	) 	 	 	(71	) 	 	 	(67	) 	 	 	(80	) 	 	 	(81	) 	 	 	(299	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	 	 	(69	) 	 	 	(79	) 	 	 	(76	) 	 	 	(75	) 	 	 	(299	) 	 	 	(67	) 	 	 	(63	) 	 	 	(78	) 	 	 	(78	) 	 	 	(286	) 	
Interest credited and investment performance	 	 	32	  	 	 	(12	) 	 	 	61	  	 	 	30	  	 	 	111	  	 	 	90	  	 	 	82	  	 	 	5	  	 	 	90	  	 	 	267	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of the period	 	 	1,455	  	 	 	1,492	  	 	 	1,583	  	 	 	1,598	  	 	 	1,455	  	 	 	1,643	  	 	 	1,620	  	 	 	1,601	  	 	 	1,674	  	 	 	1,643	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Variable Life Insurance	 			 	 				 				 				 				 				 				 				 				 				
Account value, beginning of the period	 	 	311	  	 	 	317	  	 	 	313	  	 	 	316	  	 	 	316	  	 	 	302	  	 	 	293	  	 	 	301	  	 	 	292	  	 	 	292	  	
Deposits	 	 	2	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	8	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	9	  	
Surrenders, benefits and product charges	 	 	(9	) 	 	 	(10	) 	 	 	(8	) 	 	 	(11	) 	 	 	(38	) 	 	 	(9	) 	 	 	(10	) 	 	 	(11	) 	 	 	(9	) 	 	 	(39	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	 	 	(7	) 	 	 	(8	) 	 	 	(6	) 	 	 	(9	) 	 	 	(30	) 	 	 	(6	) 	 	 	(8	) 	 	 	(9	) 	 	 	(7	) 	 	 	(30	) 	
Interest credited and investment performance	 	 	9	  	 	 	2	  	 	 	10	  	 	 	6	  	 	 	27	  	 	 	20	  	 	 	17	  	 	 	1	  	 	 	16	  	 	 	54	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	 	 	313	  	 	 	311	  	 	 	317	  	 	 	313	  	 	 	313	  	 	 	316	  	 	 	302	  	 	 	293	  	 	 	301	  	 	 	316	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	 	$	7,434	  	 	$	7,566	  	 	$	7,884	  	 	$	7,901	  	 	$	7,434	  	 	$	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	 	$	526	  	 	$	667	  	 	$	891	  	 	$	896	  	 	$	896	  	 	$	1,036	  	 	$	1,077	  	 	$	1,970	  	 	$	2,153	  	 	$	2,153	  	
Surrenders and benefits	 	 	(34	) 	 	 	(142	) 	 	 	(225	) 	 	 	(7	) 	 	 	(408	) 	 	 	(142	) 	 	 	(43	) 	 	 	(900	) 	 	 	(167	) 	 	 	(1,252	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	 	 	(34	) 	 	 	(142	) 	 	 	(225	) 	 	 	(7	) 	 	 	(408	) 	 	 	(142	) 	 	 	(43	) 	 	 	(900	) 	 	 	(167	) 	 	 	(1,252	) 	
Interest credited	 	 	1	  	 	 	1	  	 	 	1	  	 	 	2	  	 	 	5	  	 	 	2	  	 	 	2	  	 	 	7	  	 	 	15	  	 	 	26	  	
Foreign currency translation	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(31	) 	 	 	(31	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of the period	 	$	493	  	 	$	526	  	 	$	667	  	 	$	891	  	 	$	493	  	 	$	896	  	 	$	1,036	  	 	$	1,077	  	 	$	1,970	  	 	$	896	  	

 
61

Corporate and Other

62

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

 		2014	 		2013	 	
 		4Q	 		3Q	 		2Q	 		1Q	 		Total	 		4Q	 		3Q	 		2Q	 		1Q	 		Total	 	
REVENUES:				 																																					
Premiums		$	—  	  		$	—  	  		$	—  	  		$	—  	  		$	—  	  		$	—  	  		$	—  	  		$	—  	  		$	—  	  		$	—  	  	
Net investment income		 	2	  		 	(9	) 		 	1	  		 	(9	) 		 	(15	) 		 	—  	  		 	(6	) 		 	3	  		 	2	  		 	(1	) 	
Net investment gains (losses)		 	6	  		 	9	  		 	(6	) 		 	(5	) 		 	4	  		 	(9	) 		 	(11	) 		 	(5	) 		 	(10	) 		 	(35	) 	
Insurance and investment product fees and other		 	2	  		 	(3	) 		 	(1	) 		 	—  	  		 	(2	) 		 	—  	  		 	2	  		 	(1	) 		 	43	  		 	44	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues		 	10	  		 	(3	) 		 	(6	) 		 	(14	) 		 	(13	) 		 	(9	) 		 	(15	) 		 	(3	) 		 	35	  		 	8	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:				 																																					
Benefits and other changes in policy reserves		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Interest credited		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Acquisition and operating expenses, net of deferrals		 	4	  		 	(1	) 		 	9	  		 	6	  		 	18	  		 	7	  		 	38	  		 	8	  		 	49	  		 	102	  	
Amortization of deferred acquisition costs and intangibles		 	1	  		 	1	  		 	—  	  		 	1	  		 	3	  		 	(1	) 		 	1	  		 	4	  		 	3	  		 	7	  	
Interest expense		 	76	  		 	74	  		 	81	  		 	83	  		 	314	  		 	80	  		 	81	  		 	77	  		 	80	  		 	318	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses		 	81	  		 	74	  		 	90	  		 	90	  		 	335	  		 	86	  		 	120	  		 	89	  		 	132	  		 	427	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		 	(71	) 		 	(77	) 		 	(96	) 		 	(104	) 		 	(348	) 		 	(95	) 		 	(135	) 		 	(92	) 		 	(97	) 		 	(419	) 	
Provision (benefit) for income taxes		 	(46	) 		 	4	  		 	(28	) 		 	(49	) 		 	(119	) 		 	(24	) 		 	(20	) 		 	(33	) 		 	(33	) 		 	(110	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS		 	(25	) 		 	(81	) 		 	(68	) 		 	(55	) 		 	(229	) 		 	(71	) 		 	(115	) 		 	(59	) 		 	(64	) 		 	(309	) 	
Income (loss) from discontinued operations, net of taxes (2)		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	2	  		 	6	  		 	(20	) 		 	(12	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET LOSS		 	(25	) 		 	(81	) 		 	(68	) 		 	(55	) 		 	(229	) 		 	(71	) 		 	(113	) 		 	(53	) 		 	(84	) 		 	(321	) 	
	 										
ADJUSTMENTS TO NET LOSS:				 																																					
Net investment (gains) losses, net		 	(4	) 		 	(7	) 		 	4	  		 	4	  		 	(3	) 		 	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		$	(29	) 		$	(88	) 		$	(64	) 		$	(51	) 		$	(232	) 		$	(65	) 		$	(88	) 		$	(55	) 		$	(58	) 		$	(266	) 	

Effective tax rate (operating loss)		 	61.7	%  		 	-0.9	%  		 	28.8	%  		 	47.8	%  		 	34.0	%  		 	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

Additional Financial Data

64

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Investments Summary
(amounts in millions)

 	 	 	 	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 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	 	$	36,684	  	 	 	47	% 	 	$	36,587	  	 	 	48	% 	 	$	36,726	  	 	 	48	% 	 	$	35,526	  	 	 	48	% 	 	$	34,666	  	 	 	48	% 	
Private fixed maturity securities	 	 	11,630	  	 	 	15	  	 	 	11,493	  	 	 	15	  	 	 	11,608	  	 	 	15	  	 	 	11,125	  	 	 	15	  	 	 	10,563	  	 	 	15	  	
Residential mortgage-backed securities (1)	 	 	5,094	  	 	 	7	  	 	 	5,003	  	 	 	7	  	 	 	5,057	  	 	 	7	  	 	 	4,945	  	 	 	7	  	 	 	5,069	  	 	 	7	  	
Commercial mortgage-backed securities	 	 	2,491	  	 	 	3	  	 	 	2,517	  	 	 	3	  	 	 	2,630	  	 	 	3	  	 	 	2,656	  	 	 	4	  	 	 	2,639	  	 	 	4	  	
Other asset-backed securities	 	 	3,669	  	 	 	5	  	 	 	3,770	  	 	 	5	  	 	 	3,700	  	 	 	5	  	 	 	3,343	  	 	 	4	  	 	 	3,119	  	 	 	4	  	
Tax-exempt	 	 	361	  	 	 	—  	  	 	 	356	  	 	 	—  	  	 	 	353	  	 	 	—  	  	 	 	317	  	 	 	—  	  	 	 	295	  	 	 	—  	  	
Non-investment grade fixed maturity securities	 	 	2,518	  	 	 	3	  	 	 	2,591	  	 	 	4	  	 	 	2,286	  	 	 	3	  	 	 	2,332	  	 	 	3	  	 	 	2,278	  	 	 	3	  	
Equity securities:	 				 			 	 				 				 				 				 				 				 				 				
Common stocks and mutual funds	 	 	194	  	 	 	—  	  	 	 	221	  	 	 	—  	  	 	 	227	  	 	 	—  	  	 	 	260	  	 	 	—  	  	 	 	258	  	 	 	—  	  	
Preferred stocks	 	 	88	  	 	 	—  	  	 	 	92	  	 	 	—  	  	 	 	93	  	 	 	—  	  	 	 	89	  	 	 	—  	  	 	 	83	  	 	 	—  	  	
Commercial mortgage loans	 	 	6,100	  	 	 	8	  	 	 	6,077	  	 	 	8	  	 	 	5,986	  	 	 	8	  	 	 	5,894	  	 	 	8	  	 	 	5,899	  	 	 	8	  	
Restricted commercial mortgage loans related to securitization entities	 	 	201	  	 	 	—  	  	 	 	209	  	 	 	—  	  	 	 	217	  	 	 	—  	  	 	 	227	  	 	 	—  	  	 	 	233	  	 	 	—  	  	
Policy loans	 	 	1,501	  	 	 	2	  	 	 	1,512	  	 	 	2	  	 	 	1,514	  	 	 	2	  	 	 	1,438	  	 	 	2	  	 	 	1,434	  	 	 	2	  	
Cash, cash equivalents and short-term investments	 	 	5,218	  	 	 	7	  	 	 	3,655	  	 	 	5	  	 	 	4,220	  	 	 	5	  	 	 	4,492	  	 	 	6	  	 	 	4,434	  	 	 	6	  	
Securities lending	 	 	289	  	 	 	1	  	 	 	339	  	 	 	—  	  	 	 	277	  	 	 	—  	  	 	 	261	  	 	 	—  	  	 	 	187	  	 	 	—  	  	
Other invested assets:	 	Limited partnerships	 	 	252	  	 	 	—  	  	 	 	262	  	 	 	—  	  	 	 	263	  	 	 	1	  	 	 	267	  	 	 	—  	  	 	 	282	  	 	 	1	  	
	 	Derivatives:	 				 			 	 				 				 				 				 				 				 				 				
	 	Long-term care (LTC) forward starting swap—cash flow	 	 	639	  	 	 	1	  	 	 	252	  	 	 	—  	  	 	 	197	  	 	 	—  	  	 	 	137	  	 	 	—  	  	 	 	79	  	 	 	—  	  	
	 	Other cash flow	 	 	6	  	 	 	—  	  	 	 	10	  	 	 	—  	  	 	 	20	  	 	 	—  	  	 	 	30	  	 	 	—  	  	 	 	46	  	 	 	—  	  	
	 	Fair value	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	
	 	Equity index options—non-qualified	 	 	17	  	 	 	—  	  	 	 	11	  	 	 	—  	  	 	 	4	  	 	 	—  	  	 	 	11	  	 	 	—  	  	 	 	13	  	 	 	—  	  	
	 	Other non-qualified	 	 	470	  	 	 	—  	  	 	 	391	  	 	 	1	  	 	 	395	  	 	 	1	  	 	 	352	  	 	 	1	  	 	 	332	  	 	 	1	  	
	 	Trading portfolio	 	 	241	  	 	 	—  	  	 	 	226	  	 	 	—  	  	 	 	226	  	 	 	—  	  	 	 	247	  	 	 	—  	  	 	 	239	  	 	 	—  	  	
	 	Counterparty collateral	 	 	—  	  	 	 	—  	  	 	 	521	  	 	 	1	  	 	 	417	  	 	 	1	  	 	 	355	  	 	 	1	  	 	 	199	  	 	 	—  	  	
	 	Restricted other invested assets related to securitization entities	 	 	411	  	 	 	1	  	 	 	404	  	 	 	1	  	 	 	404	  	 	 	1	  	 	 	398	  	 	 	1	  	 	 	391	  	 	 	1	  	
	 	Other	 	 	82	  	 	 	—  	  	 	 	91	  	 	 	—  	  	 	 	82	  	 	 	—  	  	 	 	83	  	 	 	—  	  	 	 	88	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total invested assets and cash	 	$	78,156	  	 	 	100	% 	 	$	76,590	  	 	 	100	% 	 	$	76,902	  	 	 	100	% 	 	$	74,785	  	 	 	100	% 	 	$	72,827	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Public Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	15,743	  	 	 	34	% 	 	$	15,459	  	 	 	33	% 	 	$	15,552	  	 	 	33	% 	 	$	15,338	  	 	 	34	% 	 	$	15,148	  	 	 	34	% 	
AA	 		 	 	4,844	  	 	 	10	  	 	 	4,957	  	 	 	11	  	 	 	5,056	  	 	 	11	  	 	 	4,759	  	 	 	10	  	 	 	4,627	  	 	 	11	  	
A	 		 	 	13,887	  	 	 	30	  	 	 	13,823	  	 	 	30	  	 	 	13,470	  	 	 	29	  	 	 	12,920	  	 	 	29	  	 	 	12,488	  	 	 	28	  	
BBB	 		 	 	10,612	  	 	 	23	  	 	 	10,753	  	 	 	23	  	 	 	11,162	  	 	 	24	  	 	 	10,847	  	 	 	24	  	 	 	10,720	  	 	 	24	  	
BB	 		 	 	1,362	  	 	 	3	  	 	 	1,388	  	 	 	3	  	 	 	1,232	  	 	 	3	  	 	 	1,251	  	 	 	3	  	 	 	1,148	  	 	 	3	  	
B	 		 	 	76	  	 	 	—  	  	 	 	78	  	 	 	—  	  	 	 	82	  	 	 	—  	  	 	 	87	  	 	 	—  	  	 	 	132	  	 	 	—  	  	
CCC and lower	 		 	 	112	  	 	 	—  	  	 	 	113	  	 	 	—  	  	 	 	113	  	 	 	—  	  	 	 	114	  	 	 	—  	  	 	 	112	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total public fixed maturity securities	 	$	46,636	  	 	 	100	% 	 	$	46,571	  	 	 	100	% 	 	$	46,667	  	 	 	100	% 	 	$	45,316	  	 	 	100	% 	 	$	44,375	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Private Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	1,597	  	 	 	10	% 	 	$	1,585	  	 	 	10	% 	 	$	1,636	  	 	 	10	% 	 	$	1,554	  	 	 	10	% 	 	$	1,483	  	 	 	11	% 	
AA	 		 	 	2,104	  	 	 	14	  	 	 	1,902	  	 	 	12	  	 	 	1,800	  	 	 	12	  	 	 	1,661	  	 	 	11	  	 	 	1,570	  	 	 	11	  	
A	 		 	 	4,928	  	 	 	31	  	 	 	5,034	  	 	 	32	  	 	 	5,027	  	 	 	32	  	 	 	4,593	  	 	 	31	  	 	 	4,331	  	 	 	30	  	
BBB	 		 	 	6,214	  	 	 	39	  	 	 	6,213	  	 	 	39	  	 	 	6,371	  	 	 	40	  	 	 	6,240	  	 	 	42	  	 	 	5,984	  	 	 	42	  	
BB	 		 	 	794	  	 	 	5	  	 	 	838	  	 	 	5	  	 	 	723	  	 	 	5	  	 	 	740	  	 	 	5	  	 	 	736	  	 	 	5	  	
B	 		 	 	95	  	 	 	1	  	 	 	95	  	 	 	1	  	 	 	57	  	 	 	—  	  	 	 	57	  	 	 	—  	  	 	 	56	  	 	 	—  	  	
CCC and lower	 		 	 	79	  	 	 	—  	  	 	 	79	  	 	 	1	  	 	 	79	  	 	 	1	  	 	 	83	  	 	 	1	  	 	 	94	  	 	 	1	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total private fixed maturity securities	 	$	15,811	  	 	 	100	% 	 	$	15,746	  	 	 	100	% 	 	$	15,693	  	 	 	100	% 	 	$	14,928	  	 	 	100	% 	 	$	14,254	  	 	 	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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Fixed Maturity Securities Summary
(amounts in millions)

 	  	December 31, 2014	 	  	September 30, 2014	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 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	  	$	6,000	  	  	 	10	% 	  	$	5,642	  	  	 	9	% 	 	$	5,483	  	  	 	9	% 	 	$	5,214	  	  	 	9	% 	 	$	4,810	  	  	 	8	% 	
Tax-exempt	  	 	362	  	  	 	1	  	  	 	356	  	  	 	1	  	 	 	353	  	  	 	1	  	 	 	317	  	  	 	—  	  	 	 	295	  	  	 	—  	  	
Foreign government	  	 	2,106	  	  	 	3	  	  	 	2,035	  	  	 	3	  	 	 	2,132	  	  	 	3	  	 	 	2,153	  	  	 	4	  	 	 	2,146	  	  	 	4	  	
U.S. corporate	  	 	27,200	  	  	 	44	  	  	 	26,956	  	  	 	43	  	 	 	26,847	  	  	 	43	  	 	 	26,060	  	  	 	43	  	 	 	25,035	  	  	 	43	  	
Foreign corporate	  	 	15,132	  	  	 	24	  	  	 	15,637	  	  	 	25	  	 	 	15,749	  	  	 	25	  	 	 	15,141	  	  	 	25	  	 	 	15,071	  	  	 	26	  	
Residential mortgage-backed securities	  	 	5,240	  	  	 	8	  	  	 	5,155	  	  	 	8	  	 	 	5,212	  	  	 	8	  	 	 	5,102	  	  	 	8	  	 	 	5,225	  	  	 	9	  	
Commercial mortgage-backed securities	  	 	2,702	  	  	 	4	  	  	 	2,728	  	  	 	5	  	 	 	2,845	  	  	 	5	  	 	 	2,881	  	  	 	5	  	 	 	2,898	  	  	 	5	  	
Other asset-backed securities	  	 	3,705	  	  	 	6	  	  	 	3,808	  	  	 	6	  	 	 	3,739	  	  	 	6	  	 	 	3,376	  	  	 	6	  	 	 	3,149	  	  	 	5	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	62,447	  	  	 	100	% 	  	$	62,317	  	  	 	100	% 	 	$	62,360	  	  	 	100	% 	 	$	60,244	  	  	 	100	% 	 	$	58,629	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Corporate Bond Holdings—Industry Sector:	  				  			 	  				  				 				  				 				  				 				  				
Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	$	7,687	  	  	 	19	% 	  	$	7,771	  	  	 	19	% 	 	$	7,908	  	  	 	19	% 	 	$	7,506	  	  	 	19	% 	 	$	7,382	  	  	 	19	% 	
Utilities and energy	  	 	9,931	  	  	 	25	  	  	 	9,901	  	  	 	25	  	 	 	9,890	  	  	 	24	  	 	 	9,494	  	  	 	24	  	 	 	9,213	  	  	 	24	  	
Consumer—non-cyclical	  	 	4,773	  	  	 	12	  	  	 	4,778	  	  	 	12	  	 	 	4,825	  	  	 	12	  	 	 	4,837	  	  	 	12	  	 	 	4,669	  	  	 	12	  	
Consumer—cyclical	  	 	2,427	  	  	 	6	  	  	 	2,425	  	  	 	6	  	 	 	2,408	  	  	 	6	  	 	 	2,337	  	  	 	6	  	 	 	2,282	  	  	 	6	  	
Capital goods	  	 	2,402	  	  	 	6	  	  	 	2,364	  	  	 	6	  	 	 	2,402	  	  	 	6	  	 	 	2,335	  	  	 	6	  	 	 	2,238	  	  	 	6	  	
Industrial	  	 	2,906	  	  	 	7	  	  	 	2,948	  	  	 	7	  	 	 	2,885	  	  	 	7	  	 	 	2,734	  	  	 	7	  	 	 	2,595	  	  	 	7	  	
Technology and communications	  	 	3,113	  	  	 	8	  	  	 	3,142	  	  	 	8	  	 	 	3,066	  	  	 	8	  	 	 	2,978	  	  	 	8	  	 	 	2,867	  	  	 	8	  	
Transportation	  	 	1,687	  	  	 	4	  	  	 	1,729	  	  	 	4	  	 	 	1,702	  	  	 	4	  	 	 	1,653	  	  	 	4	  	 	 	1,595	  	  	 	4	  	
Other	  	 	5,347	  	  	 	13	  	  	 	5,411	  	  	 	13	  	 	 	5,699	  	  	 	14	  	 	 	5,469	  	  	 	14	  	 	 	5,471	  	  	 	14	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	40,273	  	  	 	100	% 	  	 	40,469	  	  	 	100	% 	 	 	40,785	  	  	 	100	% 	 	 	39,343	  	  	 	100	% 	 	 	38,312	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Non-Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	 	465	  	  	 	23	% 	  	 	483	  	  	 	23	% 	 	 	306	  	  	 	17	% 	 	 	332	  	  	 	18	% 	 	 	337	  	  	 	19	% 	
Utilities and energy	  	 	339	  	  	 	17	  	  	 	389	  	  	 	18	  	 	 	338	  	  	 	19	  	 	 	335	  	  	 	18	  	 	 	297	  	  	 	16	  	
Consumer—non-cyclical	  	 	229	  	  	 	11	  	  	 	211	  	  	 	10	  	 	 	217	  	  	 	12	  	 	 	229	  	  	 	12	  	 	 	194	  	  	 	11	  	
Consumer—cyclical	  	 	83	  	  	 	4	  	  	 	64	  	  	 	3	  	 	 	55	  	  	 	3	  	 	 	60	  	  	 	3	  	 	 	71	  	  	 	4	  	
Capital goods	  	 	232	  	  	 	11	  	  	 	291	  	  	 	14	  	 	 	297	  	  	 	16	  	 	 	291	  	  	 	15	  	 	 	295	  	  	 	16	  	
Industrial	  	 	296	  	  	 	14	  	  	 	265	  	  	 	12	  	 	 	252	  	  	 	14	  	 	 	254	  	  	 	14	  	 	 	267	  	  	 	15	  	
Technology and communications	  	 	336	  	  	 	16	  	  	 	358	  	  	 	17	  	 	 	318	  	  	 	17	  	 	 	330	  	  	 	18	  	 	 	316	  	  	 	18	  	
Transportation	  	 	19	  	  	 	1	  	  	 	20	  	  	 	1	  	 	 	16	  	  	 	1	  	 	 	15	  	  	 	1	  	 	 	5	  	  	 	—  	  	
Other	  	 	60	  	  	 	3	  	  	 	43	  	  	 	2	  	 	 	12	  	  	 	1	  	 	 	12	  	  	 	1	  	 	 	12	  	  	 	1	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	2,059	  	  	 	100	% 	  	 	2,124	  	  	 	100	% 	 	 	1,811	  	  	 	100	% 	 	 	1,858	  	  	 	100	% 	 	 	1,794	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	42,332	  	  	 	100	% 	  	$	42,593	  	  	 	100	% 	 	$	42,596	  	  	 	100	% 	 	$	41,201	  	  	 	100	% 	 	$	40,106	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Fixed Maturity Securities—Contractual Maturity Dates:	  				  			 	  				  				 				  				 				  				 				  				
	 	 									
Due in one year or less	  	$	2,326	  	  	 	4	% 	  	$	2,640	  	  	 	4	% 	 	$	2,784	  	  	 	4	% 	 	$	3,118	  	  	 	5	% 	 	$	2,974	  	  	 	5	% 	
Due after one year through five years	  	 	11,410	  	  	 	19	  	  	 	11,009	  	  	 	18	  	 	 	10,701	  	  	 	17	  	 	 	10,257	  	  	 	17	  	 	 	10,187	  	  	 	17	  	
Due after five years through ten years	  	 	12,496	  	  	 	20	  	  	 	13,113	  	  	 	21	  	 	 	13,401	  	  	 	22	  	 	 	12,915	  	  	 	21	  	 	 	12,526	  	  	 	22	  	
Due after ten years	  	 	24,568	  	  	 	39	  	  	 	23,864	  	  	 	38	  	 	 	23,678	  	  	 	38	  	 	 	22,595	  	  	 	38	  	 	 	21,670	  	  	 	37	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	50,800	  	  	 	82	  	  	 	50,626	  	  	 	81	  	 	 	50,564	  	  	 	81	  	 	 	48,885	  	  	 	81	  	 	 	47,357	  	  	 	81	  	
Mortgage and asset-backed securities	  	 	11,647	  	  	 	18	  	  	 	11,691	  	  	 	19	  	 	 	11,796	  	  	 	19	  	 	 	11,359	  	  	 	19	  	 	 	11,272	  	  	 	19	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	62,447	  	  	 	100	% 	  	$	62,317	  	  	 	100	% 	 	$	62,360	  	  	 	100	% 	 	$	60,244	  	  	 	100	% 	 	$	58,629	  	  	 	100	% 	

 
66

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Commercial Mortgage Loans Summary
(amounts in millions)

 	  	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 2013	 	
 	  	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	
Geographic Region	  				 			 	 				 				 				 				 				 				 				 				
South Atlantic	  	$	1,673	  	 	 	27	% 	 	$	1,651	  	 	 	27	% 	 	$	1,565	  	 	 	26	% 	 	$	1,526	  	 	 	26	% 	 	$	1,535	  	 	 	26	% 	
Pacific	  	 	1,636	  	 	 	27	  	 	 	1,646	  	 	 	27	  	 	 	1,607	  	 	 	27	  	 	 	1,601	  	 	 	27	  	 	 	1,590	  	 	 	27	  	
Middle Atlantic	  	 	826	  	 	 	14	  	 	 	835	  	 	 	14	  	 	 	812	  	 	 	13	  	 	 	823	  	 	 	14	  	 	 	828	  	 	 	14	  	
Mountain	  	 	536	  	 	 	9	  	 	 	531	  	 	 	9	  	 	 	514	  	 	 	9	  	 	 	494	  	 	 	8	  	 	 	478	  	 	 	8	  	
East North Central	  	 	397	  	 	 	7	  	 	 	392	  	 	 	6	  	 	 	409	  	 	 	7	  	 	 	399	  	 	 	7	  	 	 	404	  	 	 	7	  	
West North Central	  	 	382	  	 	 	6	  	 	 	374	  	 	 	6	  	 	 	366	  	 	 	6	  	 	 	370	  	 	 	6	  	 	 	377	  	 	 	6	  	
West South Central	  	 	268	  	 	 	4	  	 	 	267	  	 	 	5	  	 	 	254	  	 	 	4	  	 	 	238	  	 	 	4	  	 	 	241	  	 	 	4	  	
New England	  	 	264	  	 	 	4	  	 	 	265	  	 	 	4	  	 	 	350	  	 	 	6	  	 	 	335	  	 	 	6	  	 	 	337	  	 	 	6	  	
East South Central	  	 	141	  	 	 	2	  	 	 	140	  	 	 	2	  	 	 	136	  	 	 	2	  	 	 	138	  	 	 	2	  	 	 	142	  	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	6,123	  	 	 	100	% 	 	 	6,101	  	 	 	100	% 	 	 	6,013	  	 	 	100	% 	 	 	5,924	  	 	 	100	% 	 	 	5,932	  	 	 	100	% 	
	  				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	
Allowance for losses	  	 	(22	) 	 			 	 	 	(24	) 	 				 	 	(27	) 	 				 	 	(30	) 	 				 	 	(33	) 	 				
Unamortized fees and costs	  	 	(1	) 	 			 	 	 	—  	  	 				 	 	—  	  	 				 	 	—  	  	 				 	 	—  	  	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	$	6,100	  	 			 	 	$	6,077	  	 				 	$	5,986	  	 				 	$	5,894	  	 				 	$	5,899	  	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Property Type	  				 			 	 				 				 				 				 				 				 				 				
Retail	  	$	2,150	  	 	 	35	% 	 	$	2,147	  	 	 	35	% 	 	$	2,162	  	 	 	36	% 	 	$	2,103	  	 	 	36	% 	 	$	2,073	  	 	 	35	% 	
Office	  	 	1,643	  	 	 	27	  	 	 	1,642	  	 	 	27	  	 	 	1,533	  	 	 	26	  	 	 	1,509	  	 	 	25	  	 	 	1,558	  	 	 	26	  	
Industrial	  	 	1,597	  	 	 	26	  	 	 	1,606	  	 	 	26	  	 	 	1,585	  	 	 	26	  	 	 	1,580	  	 	 	27	  	 	 	1,581	  	 	 	27	  	
Apartments	  	 	494	  	 	 	8	  	 	 	499	  	 	 	8	  	 	 	480	  	 	 	8	  	 	 	493	  	 	 	8	  	 	 	491	  	 	 	8	  	
Mixed use/other	  	 	239	  	 	 	4	  	 	 	207	  	 	 	4	  	 	 	253	  	 	 	4	  	 	 	239	  	 	 	4	  	 	 	229	  	 	 	4	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	6,123	  	 	 	100	% 	 	 	6,101	  	 	 	100	% 	 	 	6,013	  	 	 	100	% 	 	 	5,924	  	 	 	100	% 	 	 	5,932	  	 	 	100	% 	
	  				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	
Allowance for losses	  	 	(22	) 	 			 	 	 	(24	) 	 				 	 	(27	) 	 				 	 	(30	) 	 				 	 	(33	) 	 				
Unamortized fees and costs	  	 	(1	) 	 			 	 	 	—  	  	 				 	 	—  	  	 				 	 	—  	  	 				 	 	—  	  	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	$	6,100	  	 			 	 	$	6,077	  	 				 	$	5,986	  	 				 	$	5,894	  	 				 	$	5,899	  	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Allowance for Losses on Commercial Mortgage Loans	  				 			 	 				 				 				 				 				 				 				 				
Beginning balance	  	$	24	  	 			 	 	$	27	  	 				 	$	30	  	 				 	$	33	  	 				 	$	36	  	 				
Release	  	 	(2	) 	 			 	 	 	(3	) 	 				 	 	(3	) 	 				 	 	(3	) 	 				 	 	(3	) 	 				
	  	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Ending balance	  	$	22	  	 			 	 	$	24	  	 				 	$	27	  	 				 	$	30	  	 				 	$	33	  	 				

67

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Commercial Mortgage Loans Summary
(amounts in millions)

 	  	December 31, 2014	 	  	September 30, 2014	 	 	June 30, 2014	 	 	March 31, 2014	 	 	December 31, 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	  	$	2,411	  	  	 	40	% 	  	$	2,445	  	  	 	40	% 	 	$	2,415	  	  	 	40	% 	 	$	2,405	  	  	 	41	% 	 	$	2,435	  	  	 	41	% 	
$5 million but less than $10 million	  	 	1,729	  	  	 	28	  	  	 	1,704	  	  	 	28	  	 	 	1,687	  	  	 	28	  	 	 	1,645	  	  	 	28	  	 	 	1,638	  	  	 	28	  	
$10 million but less than $20 million	  	 	1,490	  	  	 	24	  	  	 	1,498	  	  	 	25	  	 	 	1,380	  	  	 	23	  	 	 	1,376	  	  	 	23	  	 	 	1,358	  	  	 	23	  	
$20 million but less than $30 million	  	 	254	  	  	 	4	  	  	 	256	  	  	 	4	  	 	 	232	  	  	 	4	  	 	 	204	  	  	 	3	  	 	 	205	  	  	 	3	  	
$30 million and over	  	 	239	  	  	 	4	  	  	 	198	  	  	 	3	  	 	 	299	  	  	 	5	  	 	 	294	  	  	 	5	  	 	 	296	  	  	 	5	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total		$	6,123	  		 	100	% 		$	6,101	  		 	100	% 		$	6,013	  		 	100	% 		$	5,924	  		 	100	% 		$	5,932	  		 	100	% 	

Commercial Mortgage Loan Information by Vintage as of December 31, 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	  	$	722	  	  	 	393	  	  	$	2	  	  	 	37	% 	 	$	—  	  	  	 	—  	  	  	$	—  	  	
2005	  	 	875	  	  	 	225	  	  	$	4	  	  	 	53	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2006	  	 	802	  	  	 	215	  	  	$	4	  	  	 	59	% 	 	 	2	  	  	 	1	  	  	$	2	  	
2007	  	 	664	  	  	 	148	  	  	$	4	  	  	 	68	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2008	  	 	230	  	  	 	51	  	  	$	5	  	  	 	63	% 	 	 	6	  	  	 	1	  	  	$	6	  	
2009	  	 	—  	  	  	 	—  	  	  	$	—  	  	  	 	—  	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2010	  	 	115	  	  	 	54	  	  	$	2	  	  	 	44	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2011	  	 	264	  	  	 	53	  	  	$	5	  	  	 	56	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2012	  	 	647	  	  	 	94	  	  	$	7	  	  	 	60	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2013	  	 	845	  	  	 	138	  	  	$	6	  	  	 	64	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
2014	  	 	959	  	  	 	150	  	  	$	—  	  	  	 	69	% 	 	 	—  	  	  	 	—  	  	  	$	—  	  	
	  	 	 	 	  	 	 	 	  				  				 	 	 	 	  	 	 	 	  				
Total		$	6,123	  		 	1,521	  		$	4	  		 	59	% 		$	8	  		 	2	  		$	4	  	

(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 December 31, 2014.	
 
68

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

 	  	2014	 	 	2013	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
GAAP Net Investment Income	  			 	  				 				 				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	$	666	  	  	$	651	  	 	$	666	  	 	$	648	  	 	$	2,631	  	 	$	663	  	 	$	651	  	 	$	672	  	 	$	656	  	 	$	2,642	  	
Fixed maturity securities—non-taxable	  	 	3	  	  	 	3	  	 	 	3	  	 	 	3	  	 	 	12	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	9	  	
Commercial mortgage loans	  	 	87	  	  	 	82	  	 	 	81	  	 	 	83	  	 	 	333	  	 	 	91	  	 	 	81	  	 	 	81	  	 	 	82	  	 	 	335	  	
Restricted commercial mortgage loans related to securitization entities	  	 	3	  	  	 	3	  	 	 	4	  	 	 	4	  	 	 	14	  	 	 	1	  	 	 	8	  	 	 	7	  	 	 	7	  	 	 	23	  	
Equity securities	  	 	3	  	  	 	3	  	 	 	4	  	 	 	4	  	 	 	14	  	 	 	4	  	 	 	3	  	 	 	6	  	 	 	4	  	 	 	17	  	
Other invested assets	  	 	37	  	  	 	36	  	 	 	26	  	 	 	39	  	 	 	138	  	 	 	33	  	 	 	33	  	 	 	33	  	 	 	46	  	 	 	145	  	
Limited partnerships	  	 	2	  	  	 	10	  	 	 	13	  	 	 	11	  	 	 	36	  	 	 	24	  	 	 	8	  	 	 	6	  	 	 	2	  	 	 	40	  	
Restricted other invested assets related to securitization entities	  	 	2	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	 	 	4	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	4	  	
Policy loans	  	 	34	  	  	 	32	  	 	 	32	  	 	 	31	  	 	 	129	  	 	 	32	  	 	 	33	  	 	 	32	  	 	 	32	  	 	 	129	  	
Cash, cash equivalents and short-term investments	  	 	5	  	  	 	7	  	 	 	7	  	 	 	5	  	 	 	24	  	 	 	4	  	 	 	4	  	 	 	5	  	 	 	7	  	 	 	20	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	842	  	  	 	828	  	 	 	837	  	 	 	829	  	 	 	3,336	  	 	 	858	  	 	 	824	  	 	 	844	  	 	 	838	  	 	 	3,364	  	
Expenses and fees	  	 	(23	) 	  	 	(23	) 	 	 	(24	) 	 	 	(24	) 	 	 	(94	) 	 	 	(23	) 	 	 	(23	) 	 	 	(23	) 	 	 	(24	) 	 	 	(93	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	$	819	  	  	$	805	  	 	$	813	  	 	$	805	  	 	$	3,242	  	 	$	835	  	 	$	801	  	 	$	821	  	 	$	814	  	 	$	3,271	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Annualized Yields	  			 	  				 				 				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	 	4.7	% 	  	 	4.6	% 	 	 	4.7	% 	 	 	4.6	% 	 	 	4.6	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.9	% 	 	 	4.7	% 	 	 	4.8	% 	
Fixed maturity securities—non-taxable	  	 	3.5	% 	  	 	3.4	% 	 	 	3.5	% 	 	 	3.7	% 	 	 	3.5	% 	 	 	2.6	% 	 	 	4.2	% 	 	 	2.9	% 	 	 	2.7	% 	 	 	3.1	% 	
Commercial mortgage loans	  	 	5.7	% 	  	 	5.4	% 	 	 	5.5	% 	 	 	5.6	% 	 	 	5.6	% 	 	 	6.2	% 	 	 	5.5	% 	 	 	5.5	% 	 	 	5.6	% 	 	 	5.7	% 	
Restricted commercial mortgage loans related to securitization entities	  	 	5.8	% 	  	 	6.6	% 	 	 	6.7	% 	 	 	7.0	% 	 	 	6.6	% 	 	 	1.5	% 	 	 	10.5	% 	 	 	8.6	% 	 	 	8.4	% 	 	 	7.6	% 	
Equity securities	  	 	4.5	% 	  	 	4.2	% 	 	 	5.3	% 	 	 	5.1	% 	 	 	4.8	% 	 	 	4.7	% 	 	 	3.2	% 	 	 	5.7	% 	 	 	3.4	% 	 	 	4.2	% 	
Other invested assets	  	 	62.4	% 	  	 	58.6	% 	 	 	40.5	% 	 	 	56.9	% 	 	 	54.6	% 	 	 	44.9	% 	 	 	42.1	% 	 	 	29.4	% 	 	 	28.3	% 	 	 	32.8	% 	
Limited partnerships (1)	  	 	3.1	% 	  	 	15.3	% 	 	 	19.6	% 	 	 	16.1	% 	 	 	13.6	% 	 	 	33.2	% 	 	 	10.4	% 	 	 	7.5	% 	 	 	2.4	% 	 	 	12.8	% 	
Restricted other invested assets related to securitization entities	  	 	2.1	% 	  	 	1.0	% 	 	 	1.0	% 	 	 	1.0	% 	 	 	1.3	% 	 	 	4.2	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	1.1	% 	
Policy loans	  	 	9.0	% 	  	 	8.5	% 	 	 	8.7	% 	 	 	8.6	% 	 	 	8.7	% 	 	 	8.3	% 	 	 	7.9	% 	 	 	7.8	% 	 	 	8.0	% 	 	 	8.1	% 	
Cash, cash equivalents and short-term investments	  	 	0.5	% 	  	 	0.7	% 	 	 	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	% 	 	 	4.7	% 	 	 	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	% 	 	 	-0.1	% 	 	 	-0.1	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	 	4.6	% 	  	 	4.6	% 	 	 	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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Net Investment Gains (Losses), Net—Detail (1)
(amounts in millions)

 	  	2014	 	 	2013	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net realized gains (losses) on available-for-sale securities:	  			 	  				 				 				 				 				 				 				 				 				
Fixed maturity securities:	  			 	  				 				 				 				 				 				 				 				 				
U.S. corporate	  	$	1	  	  	$	5	  	 	$	(6	) 	 	$	(9	) 	 	$	(9	) 	 	$	(5	) 	 	$	1	  	 	$	22	  	 	$	4	  	 	$	22	  	
U.S. government, agencies and government-sponsored enterprises	  	 	1	  	  	 	—  	  	 	 	2	  	 	 	—  	  	 	 	3	  	 	 	5	  	 	 	2	  	 	 	1	  	 	 	—  	  	 	 	8	  	
Foreign corporate	  	 	1	  	  	 	2	  	 	 	13	  	 	 	(2	) 	 	 	14	  	 	 	1	  	 	 	—  	  	 	 	8	  	 	 	1	  	 	 	10	  	
Foreign government	  	 	1	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	2	  	 	 	(2	) 	 	 	8	  	 	 	4	  	 	 	12	  	
Tax-exempt	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	(2	) 	
Mortgage-backed securities	  	 	—  	  	  	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(2	) 	 	 	(9	) 	 	 	(15	) 	 	 	(20	) 	 	 	(46	) 	
Asset-backed securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(6	) 	 	 	(5	) 	 	 	(11	) 	 	 	(8	) 	 	 	(30	) 	
Equity securities	  	 	1	  	  	 	2	  	 	 	6	  	 	 	1	  	 	 	10	  	 	 	5	  	 	 	6	  	 	 	8	  	 	 	3	  	 	 	22	  	
Foreign exchange	  	 	—  	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities		 	5	  		 	8	  		 	16	  		 	(11	) 		 	18	  		 	—  	  		 	(7	) 		 	21	  		 	(18	) 		 	(4	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:				 																																					
Sub-prime residential mortgage-backed securities		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	(1	) 		 	(1	) 		 	—  	  		 	(2	) 		 	(4	) 	
Alt-A residential mortgage-backed securities		 	—  	  		 	(1	) 		 	—  	  		 	—  	  		 	(1	) 		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total sub-prime and Alt-A residential mortgage-backed securities		 	—  	  		 	(1	) 		 	—  	  		 	—  	  		 	(1	) 		 	(1	) 		 	(1	) 		 	—  	  		 	(2	) 		 	(4	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Commercial mortgage-backed securities		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	(2	) 		 	(1	) 		 	(2	) 		 	(1	) 		 	(6	) 	
Corporate fixed maturity securities		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	(4	) 		 	(4	) 	
Financial hybrid securities		 	—  	  		 	(3	) 		 	—  	  		 	—  	  		 	(3	) 		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  	
Commercial mortgage loans		 	—  	  		 	—  	  		 	(1	) 		 	(1	) 		 	(2	) 		 	—  	  		 	(1	) 		 	(2	) 		 	—  	  		 	(3	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments		 	—  	  		 	(4	) 		 	(1	) 		 	(1	) 		 	(6	) 		 	(3	) 		 	(3	) 		 	(4	) 		 	(7	) 		 	(17	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized gains (losses) on trading securities		 	10	  		 	3	  		 	5	  		 	8	  		 	26	  		 	(5	) 		 	(5	) 		 	(11	) 		 	6	  		 	(15	) 	
Derivative instruments		 	(24	) 		 	(25	) 		 	(4	) 		 	(14	) 		 	(67	) 		 	9	  		 	(12	) 		 	(2	) 		 	(27	) 		 	(32	) 	
Limited partnerships		 	—  	  		 	—  	  		 	(1	) 		 	—  	  		 	(1	) 		 	—  	  		 	(2	) 		 	—  	  		 	—  	  		 	(2	) 	
Commercial mortgage loans held-for-sale market valuation allowance		 	2	  		 	2	  		 	2	  		 	2	  		 	8	  		 	(1	) 		 	2	  		 	1	  		 	1	  		 	3	  	
Contingent purchase price valuation change		 	—  	  		 	(1	) 		 	—  	  		 	—  	  		 	(1	) 		 	—  	  		 	—  	  		 	(1	) 		 	1	  		 	—  	  	
Net gains (losses) related to securitization entities		 	1	  		 	(1	) 		 	6	  		 	4	  		 	10	  		 	17	  		 	13	  		 	9	  		 	6	  		 	45	  	
Other		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	—  	  		 	(1	) 		 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes		 	(6	) 		 	(18	) 		 	23	  		 	(12	) 		 	(13	) 		 	17	  		 	(14	) 		 	13	  		 	(39	) 		 	(23	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes		 	1	  		 	6	  		 	1	  		 	1	  		 	9	  		 	—  	  		 	4	  		 	5	  		 	12	  		 	21	  	
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes		 	1	  		 	2	  		 	(4	) 		 	1	  		 	—  	  		 	(2	) 		 	(3	) 		 	(3	) 		 	(1	) 		 	(9	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net		$	(4	) 		$	(10	) 		$	20	  		$	(10	) 		$	(4	) 		$	15	  		$	(13	) 		$	15	  		$	(28	) 		$	(11	) 	

 

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

Reconciliations of Non-GAAP Measures
 
71

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

Twelve Month Rolling Average ROE	  	Twelve months ended	 	
 	  	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	 	March 31,
2014	 	 	December 31,
2013	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended (1)	  	$	(1,244	) 	 	$	(276	) 	 	$	676	  	 	$	641	  	 	$	560	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	11,532	  	 	$	11,770	  	 	$	11,833	  	 	$	11,699	  	 	$	11,550	  	
GAAP Basis ROE (1)/(2)	  	 	-10.8	% 	 	 	-2.3	% 	 	 	5.7	% 	 	 	5.5	% 	 	 	4.8	% 	
						
Operating ROE	  				 				 				 				 				
Net operating income for the twelve months ended (1)	  	$	(381	) 	 	$	228	  	 	$	684	  	 	$	659	  	 	$	616	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	11,532	  	 	$	11,770	  	 	$	11,833	  	 	$	11,699	  	 	$	11,550	  	
Operating ROE (1)/(2)	  	 	-3.3	% 	 	 	1.9	% 	 	 	5.8	% 	 	 	5.6	% 	 	 	5.3	% 	
		
Quarterly Average ROE	  	Three months ended	 	
 	  	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	 	March 31,
2014	 	 	December 31,
2013	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended (3)	  	$	(760	) 	 	$	(844	) 	 	$	176	  	 	$	184	  	 	$	208	  	
Average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	10,854	  	 	$	11,651	  	 	$	12,051	  	 	$	11,942	  	 	$	11,758	  	
Annualized GAAP Quarterly Basis ROE (3)/(4)	  	 	-28.0	% 	 	 	-29.0	% 	 	 	5.8	% 	 	 	6.2	% 	 	 	7.1	% 	
						
Operating ROE	  				 				 				 				 				
Net operating income (loss) for the period ended (3)	  	$	(416	) 	 	$	(317	) 	 	$	158	  	 	$	194	  	 	$	193	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	10,854	  	 	$	11,651	  	 	$	12,051	  	 	$	11,942	  	 	$	11,758	  	
Annualized Operating Quarterly Basis ROE (3)/(4)	  	 	-15.3	% 	 	 	-10.9	% 	 	 	5.2	% 	 	 	6.5	% 	 	 	6.6	% 	
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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
 
Reconciliation of Core Yield

 	 	 	  	2014	 	 	2013	 	
 	 	(Assets—amounts in billions)	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
	 	Reported—Total Invested Assets and Cash	  	$	78.2	  	  	$	76.6	  	 	$	76.9	  	 	$	74.8	  	 	$	78.2	  	 	$	72.8	  	 	$	73.1	  	 	$	72.2	  	 	$	76.5	  	 	$	72.8	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Securities lending	  	 	0.3	  	  	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	
	 	Unrealized gains (losses)	  	 	6.7	  	  	 	5.4	  	 	 	5.6	  	 	 	4.3	  	 	 	6.7	  	 	 	2.8	  	 	 	3.3	  	 	 	3.7	  	 	 	6.7	  	 	 	2.8	  	
	 	Derivative counterparty collateral	  	 	—  	  	  	 	0.5	  	 	 	0.4	  	 	 	0.4	  	 	 	—  	  	 	 	0.2	  	 	 	0.3	  	 	 	0.4	  	 	 	0.6	  	 	 	0.2	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
		Adjusted end of period invested assets and cash		$	71.2	  		$	70.4	  		$	70.6	  		$	69.8	  		$	71.2	  		$	69.6	  		$	69.3	  		$	67.9	  		$	69.0	  		$	69.6	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)		Average Invested Assets and Cash Used in Reported Yield Calculation		$	70.8	  		$	70.5	  		$	70.2	  		$	69.7	  		$	70.3	  		$	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	  		 	0.2	  		 	0.2	  		 	0.3	  		 	0.3	  		 	0.2	  		 	0.3	  		 	0.3	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)		Average Invested Assets and Cash Used in Core Yield Calculation		 	70.6	  		 	70.3	  		 	70.0	  		 	69.5	  		 	70.1	  		 	69.2	  		 	68.3	  		 	68.3	  		 	69.1	  		 	68.7	  	
		Subtract:				 																																					
		Portfolios supporting floating products and non-recourse funding obligations (2)		 	3.9	  		 	4.0	  		 	4.2	  		 	4.3	  		 	4.1	  		 	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		$	66.7	  		$	66.3	  		$	65.8	  		$	65.2	  		$	66.0	  		$	64.8	  		$	63.7	  		$	63.1	  		$	63.4	  		$	63.7	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
		(Income—amounts in millions)				 																																					
(D)		Reported—Net Investment Income		$	819	  		$	805	  		$	813	  		$	805	  		$	3,242	  		$	835	  		$	801	  		$	821	  		$	814	  		$	3,271	  	
		Subtract:				 																																					
		Bond calls and commercial mortgage loan prepayments		 	18	  		 	17	  		 	7	  		 	10	  		 	52	  		 	8	  		 	15	  		 	14	  		 	10	  		 	47	  	
		Reinsurance (3)		 	14	  		 	19	  		 	13	  		 	22	  		 	68	  		 	20	  		 	17	  		 	21	  		 	22	  		 	80	  	
		Other non-core items (4)		 	12	  		 	(18	) 		 	12	  		 	5	  		 	11	  		 	17	  		 	4	  		 	19	  		 	2	  		 	42	  	
		Restricted commercial mortgage loans and other invested assets related to securitization
entities (1)		 	2	  		 	3	  		 	3	  		 	3	  		 	11	  		 	3	  		 	4	  		 	4	  		 	4	  		 	15	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(E)		Core Net Investment Income		 	773	  		 	784	  		 	778	  		 	765	  		 	3,100	  		 	787	  		 	761	  		 	763	  		 	776	  		 	3,087	  	
		Subtract:				 																																					
		Investment income from portfolios supporting floating products and non-recourse funding obligations (2)		 	21	  		 	22	  		 	23	  		 	21	  		 	87	  		 	27	  		 	24	  		 	25	  		 	25	  		 	101	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(F)		Core Net Investment Income (excl. Floating and Non-Recourse Funding)		$	752	  		$	762	  		$	755	  		$	744	  		$	3,013	  		$	760	  		$	737	  		$	738	  		$	751	  		$	2,986	  	

(D) / (A)		Reported Yield		 	4.63	% 		 	4.57	% 		 	4.63	% 		 	4.62	% 		 	4.61	% 		 	4.81	% 		 	4.67	% 		 	4.79	% 		 	4.69	% 		 	4.74	% 	
(E) / (B)		Core Yield		 	4.38	% 		 	4.46	% 		 	4.45	% 		 	4.40	% 		 	4.42	% 		 	4.55	% 		 	4.46	% 		 	4.47	% 		 	4.49	% 		 	4.49	% 	
(F) / (C)		Core Yield (excl. Floating and Non-Recourse Funding)		 	4.51	% 		 	4.60	% 		 	4.59	% 		 	4.56	% 		 	4.57	% 		 	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

Corporate Information
 
74

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Financial Strength Ratings
As of February 10, 2015, 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	  	BBB+	  	A3	  	A	
Genworth Life and Annuity Insurance Company	  	BBB+	  	A3	  	A	
Genworth Life Insurance Company of New York	  	BBB+	  	A3	  	A	
As of February 10, 2015, 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)	  	A+	  	A3	  		
Genworth Financial Mortgage Insurance Limited (Europe)	  	BB+	  	Not rated	  		
Genworth Financial Mortgage Insurance Company Canada (1)	  	A+	  	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.	
As of February 10, 2015, 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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2014
Financial Strength Ratings  (continued)

S&P states that an insurer rated “A” (Strong) has strong financial security characteristics that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments. Insurers rated “A” (Strong), “BBB” (Good), or “BB” (Marginal) have strong, good, or marginal financial security characteristics, respectively. The “A”, “BBB” and “BB” ranges are the 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 “A+”, “A-”, “BBB+”, “BB+” and “BB-” ratings are the fifth-, seventh-, eigth-, eleventh- 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
 
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