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
August 4, 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 August 4, 2015, Genworth Financial, Inc. issued (1) a press release announcing its financial results for the quarter ended June 30, 2015, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, and (2) a financial supplement for the quarter ended June 30, 2015, 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 August 4, 2015.	
		
99.2	  	Financial Supplement for the quarter ended June 30, 2015.	
 
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: August 4, 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 August 4, 2015.	
		
99.2	  	Financial Supplement for the quarter ended June 30, 2015.	
 
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Exhibit 99.1

Genworth Financial Announces Second Quarter 2015 Results
Net Operating Earnings Per Share Of $0.24; Net Loss Per Share Of $0.39 Includes Loss From Planned Sale Of Lifestyle Protection Insurance Business
 
 	•	 	Strategic Actions Taken Expected To Generate In Excess Of $600 Million Of Proceeds In 2015	
 
 	•	 	Reduced Stake In Genworth Australia Mortgage Insurance By 14 Percent; Retained Majority Share	
 
 	•	 	In Exclusive Negotiations For Sale of Lifestyle Protection Insurance Business	
 
 	•	 	Transactions Executed To Generate Approximately $500 Million Of Additional PMIERs Capital Credit	
 
 	•	 	Cash Expense Savings Of Approximately $30 Million Expected In 2015; $40 To $50 Million In 2016	
 
 	•	 	Sequential Results Reflect Good Loss Ratios In Global Mortgage Insurance Division And Unfavorable Impact From Mortality In U.S. Life Insurance Division	
Richmond, VA (August 4, 2015) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the period ended June 30, 2015. The company reported a net loss 1 of $193 million, or $0.39 per diluted share, compared with net income of $176 million, or $0.35 per diluted share, in the second quarter of 2014. The net loss in the quarter includes an after-tax loss of $306 million, or $0.61 per diluted share, related to the planned sale of the lifestyle protection insurance business. Net operating income 2 for the second quarter of 2015 was $119 million, or $0.24 per diluted share, compared with net operating income of $154 million, or $0.31 per diluted share, in the second quarter of 2014.
Strategic Update
In May 2015, the company sold 92.3 million shares, or approximately 14 percent, in Genworth Mortgage Insurance Australia Limited. On July 22, 2015, the company announced it had entered into exclusive negotiations with AXA S.A. after receiving an irrevocable offer to purchase its lifestyle protection insurance business, which has been previously identified as non-core. These transactions increase the financial flexibility and strength of the company as it advances the ability to support compliance with the private mortgage insurer eligibility requirements (PMIERs) and reduce debt levels.

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.	
 
1

As of June 30, 2015, the company believes its U.S. mortgage insurance business would be compliant with the PMIERs capital requirements when including a series of transactions that have been executed to generate approximately $500 million of additional PMIERs capital credit and the completion of a planned internal restructuring. The transactions include:
 
 	•	 	Execution of two excess of loss reinsurance transactions with a panel of reinsurers, both effective as of July 1, 2015, that are expected to provide approximately $300 million of PMIERs capital credit as of December 31, 2015. One of the transactions has been approved by the government-sponsored enterprises (GSEs) while the second is pending final approval from the GSEs.	
 
 	•	 	An intercompany sale of the U.S. mortgage insurance business’ ownership interest in affiliated preferred securities in exchange for approximately $200 million of cash from Genworth Holdings, Inc. (proceeds used were primarily from the Australia mortgage insurance sell down) that resulted in a corresponding increase in available assets under PMIERs. The transaction did not affect statutory risk-to-capital ratios in the quarter, and the cash from Genworth Holdings, Inc. was transferred in July 2015.	
The company will look to execute future capital transactions over the remainder of the year that provide a prudent level of financial flexibility in excess of the PMIERs capital requirements, including additional reinsurance transactions and contributions of holding company cash.
In connection with the company’s plan to target cash savings in excess of $100 million pre-tax by the end of 2016, actions were taken in the first half of 2015 to reduce headcount and program spend that are expected to reduce cash expenses by approximately $30 million pre-tax in 2015 and $40 to $50 million pre-tax in 2016.
“We are encouraged with our second quarter results in the Global Mortgage Insurance Division and remain focused on initiatives aimed at strengthening and improving U.S. Life Insurance Division results,” said Tom McInerney, President and CEO. “We are making steady progress on our strategy to strengthen and simplify our businesses and increase financial flexibility as evidenced by the two sale transactions we announced recently in addition to the significant progress made towards complying with PMIERs.”
 
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Operating Results

Consolidated Net Income (Loss) & Net Operating Income	  	 	 	 	 	 	 	 	 	  	 	 	  	 	 	
 	  	Three months ended June 30
(Unaudited)	 	  	 	 	
 	  	2015	 	 	2014	 	  	 	 	
(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	  	$	(193	) 	 	$	(0.39	) 	 	$	176	 	  	$	0.35	  	  	 	NM	3  	
Net operating income	  	$	119	 	 	$	0.24	 	 	$	154	 	  	$	0.31	  	  	 	(23	)% 	
Weighted average diluted shares	  	 	499.3	 	 				 	 	503.6	 	  				  				

 	  	Three months ended June 30
(Unaudited)	 	
 	  	2015	 	  	2014	 	
Book value per share	  	$	27.52	 	  	$	32.68	 	
Book value per share, excluding accumulated other comprehensive income (loss)	  	$	20.87	 	  	$	24.31	 	
Net investment gains, net of taxes and other adjustments, were $4 million in the quarter, compared to $20 million in the prior year. Net investment income increased to $793 million, compared to $781 million in the prior quarter primarily from favorable limited partnership performance, partially offset by prepayment speed adjustments related to residential mortgage-backed securities. The reported yield for the current quarter was 4.52 percent. The core yield 2 was 4.45 percent, up from the prior quarter. There were no impairments in the quarter.
Beginning in the second quarter of 2015, the lifestyle protection insurance business is being separately reported as discontinued operations and all prior periods herein have been re-presented. During the quarter, the company recognized an after-tax loss of $306 million related to the planned sale of this business and an $8 million loss from discontinued operations primarily related to a prior period tax true-up. The company expects the transaction to close by the end of 2015, subject to customary closing conditions, including requisite regulatory approvals.
Net operating income (loss) results are summarized in the table below:

Net Operating Income (Loss)	  	 	 	  	 	 	  	 	 	
(Amounts in millions)	  	Q2 15	 	  	Q1 15	 	  	Q2 14	 	
Global Mortgage Insurance Division	  	$	110	  	  	$	116	  	  	$	136	 	
U.S. Life Insurance Division	  	 	57	  	  	 	81	  	  	 	69	 	
Corporate and Other Division	  	 	(48	) 	  	 	(43	) 	  	 	(51	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total Net Operating Income (Loss)	  	$	119	  	  	$	154	  	  	$	154	 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Net operating income (loss) represents net operating income (loss) from continuing operations excluding net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and 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.

3  	The company defines “NM” as not meaningful for increases or decreases greater than 200 percent.	
 
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Unless specifically noted in the discussion of results for the International Mortgage Insurance segment, 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 second quarter of 2015 was an unfavorable impact of $2 million versus the prior quarter and an unfavorable impact of $11 million versus the prior year.
Global Mortgage Insurance Division
The Global Mortgage Insurance Division had net operating income of $110 million, compared with $116 million in the prior quarter and $136 million a year ago.

Global Mortgage Insurance Division	 	
Net Operating Income (Loss)	 	
(Amounts in millions)	  	Q2 15	 	  	Q1 15	 	  	Q2 14	 	
International Mortgage Insurance	  				  				  				
Canada	  	$	37	  	  	$	40	  	  	$	47	 	
Australia	  	 	29	  	  	 	30	  	  	 	57	 	
Other Countries	  	 	(5	) 	  	 	(6	) 	  	 	(7	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total International Mortgage Insurance	  	 	61	  	  	 	64	  	  	 	97	 	
U.S. Mortgage Insurance	  	 	49	  	  	 	52	  	  	 	39	 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total Global Mortgage Insurance	  	$	110	  	  	$	116	  	  	$	136	 	

													
Sales	  	 	 	  	 	 	  	 	 	
(Amounts in billions)	  	Q2 15	 	  	Q1 15	 	  	Q2 14	 	
International Mortgage Insurance	  				  				  				
Flow	  				  				  				
Canada	  	$	5.4	 	  	$	3.3	 	  	$	5.0	 	
Australia	  	 	6.5	 	  	 	5.8	 	  	 	7.9	 	
Other Countries	  	 	0.5	 	  	 	0.4	 	  	 	0.5	 	
Bulk	  				  				  				
Canada	  	 	3.3	 	  	 	5.0	 	  	 	7.5	 	
Australia	  	 	1.7	 	  	 	—  	 	  	 	—  	 	
Other Countries	  	 	—  	 	  	 	0.2	 	  	 	—  	 	
U.S. Mortgage Insurance	  				  				  				
Primary Flow	  	 	8.2	 	  	 	6.3	 	  	 	6.1	 	
Primary Bulk	  	 	—  	 	  	 	—  	 	  	 	—  	 	
Canada Mortgage Insurance
Canada reported net operating income of $37 million versus $40 million in the prior quarter and $47 million in the prior year. The loss ratio in the quarter was 17 percent, down five points from the prior quarter from a modest decrease in new delinquencies, net of cures, and up five points from the prior year from a modest increase in new delinquencies, net of cures, and a higher average reserve per delinquency related to regional mix. Results included higher expenses versus the prior quarter and unfavorable foreign exchange versus the prior year of $6 million. Flow new insurance written (NIW) was up 67 percent 4 sequentially from a seasonally larger origination market and up 22 percent 4 year over year primarily from an increase in market penetration. In addition, the company completed several bulk transactions in the quarter of approximately $3.3 billion in total, consisting of low loan-to-value prime loans, reflecting its selective participation in this market.

4  	Percent change excludes the impact of foreign exchange.	
 
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Australia Mortgage Insurance
Australia reported net operating income of $29 million versus $30 million in the prior quarter and $57 million in the prior year. The loss ratio in the quarter was 28 percent, up 13 points sequentially from higher new delinquencies, partially offset by a higher cure rate and up five points from the prior year. In the prior quarter, the company accrued a $7 million pre-tax receivable for expected recoveries relating to paid claims reflecting its experience of successful borrower recovery activity, favorably impacting the loss ratio by nine points. New delinquencies were up 16 percent sequentially primarily reflecting normal seasonal variation with most of the increase related to Queensland and Western Australia and cures were up 16 percent sequentially reflecting normal seasonal variation. Results versus the prior year were also impacted by less favorable tax benefits of $14 million, an unfavorable $11 million related to the timing of the minority IPO of 33.8 percent of the Australia mortgage insurance (MI) business in May 2014 and the further sell down of approximately 14 percent in May 2015 and unfavorable foreign exchange of $5 million. Flow NIW was up 16 percent 4 sequentially primarily from seasonal variation and down three percent 4 year over year.
Other Countries Mortgage Insurance
Other Countries had a net operating loss of $5 million, compared to a net operating loss of $6 million in the prior quarter and a net operating loss of $7 million in the prior year.
U.S. Mortgage Insurance
U.S. mortgage insurance net operating income was $49 million, compared with $52 million in the prior quarter and $39 million in the prior year. The loss ratio in the current quarter was 33 percent, flat sequentially reflecting lower new delinquencies offset by less favorable net cures and aging of existing delinquencies. New flow delinquencies decreased approximately five percent from the prior quarter and decreased approximately 14 percent from the prior year, reflecting the continued burn through of delinquencies from the 2005 to 2008 book years. Results versus the prior quarter reflected lower net investment income.
Flow NIW of $8.2 billion increased 30 percent from the prior quarter from a seasonally larger mortgage insurance market and increased 34 percent versus the prior year primarily from a larger purchase originations market and higher refinance activity. During the second quarter, the company decreased its single premium lender paid new insurance written reflecting its selective participation in this market. Future volumes of this product will vary in part depending on the company’s evaluation of the risk return profile of these transactions.
 
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U.S. Life Insurance Division
The U.S. Life Insurance Division had net operating income of $57 million, compared with $81 million in the prior quarter and $69 million a year ago.

U.S. Life Insurance Division	 	
Net Operating Income	 	
(Amounts in millions)	  	Q2 15	 	  	Q1 15	 	  	Q2 14	 	
U.S. Life Insurance	  				  				  				
Long Term Care Insurance	  	$	10	 	  	$	10	 	  	$	6	 	
Life Insurance	  	 	22	 	  	 	40	 	  	 	39	 	
Fixed Annuities	  	 	25	 	  	 	31	 	  	 	24	 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total U.S. Life Insurance	  	 	57	 	  	 	81	 	  	 	69	 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total U.S. Life Insurance	  	$	57	 	  	$	81	 	  	$	69	 	

													
Sales	  	 	 	  	 	 	  	 	 	
(Amounts in millions)	  	Q2 15	 	  	Q1 15	 	  	Q2 14	 	
U.S. Life Insurance	  				  				  				
Long Term Care Insurance	  				  				  				
Individual	  	$	8	 	  	$	10	 	  	$	24	 	
Group	  	 	1	 	  	 	1	 	  	 	2	 	
Life Insurance	  				  				  				
Term Life	  	 	9	 	  	 	9	 	  	 	14	 	
Universal Life	  	 	4	 	  	 	4	 	  	 	7	 	
Linked Benefits	  	 	2	 	  	 	4	 	  	 	5	 	
Fixed Annuities	  	 	224	 	  	 	326	 	  	 	429	 	
Long Term Care Insurance
Long term care insurance (LTC) net operating income was $10 million, compared with $10 million in the prior quarter and $6 million in the prior year. Benefits and other changes in policy reserves increased $9 million after-tax versus the prior quarter and $29 million after-tax versus the prior year. The current quarter included unfavorable mortality on existing claims versus the prior quarter that decreased claim termination rates, in line with expected seasonality. Results also included unfavorable severity on new claims given the mix of new claims with a higher average reserve versus both the prior quarter and prior year and also reflected higher claim reserve factors, versus the prior year, based on the updated assumptions and methodologies the company implemented in 2014. Results in the quarter included a $5 million after-tax increase to reserves associated with profits followed by losses on business written since late 1995 and net favorable items of $12 million after-tax primarily reflecting corrections to reserve calculations. Results in the prior quarter included net unfavorable items of $7 million after-tax. The loss ratio in the current quarter was 73 percent.
Individual LTC sales of $8 million were lower than the prior quarter and the prior year. Sales are expected to continue at low levels in the near term due to the 2014 introduction of a higher priced LTC product and lower ratings, but build over time as new products are introduced.
Life Insurance
Life insurance net operating income was $22 million, compared with $40 million in the prior quarter and $39 million in the prior year. Results versus the prior quarter were primarily impacted by unfavorable term life insurance mortality related to higher severity, but favorable versus pricing. Increased lapses in the post-level term life insurance premium period and prepayment speed adjustments related to residential mortgage-backed securities also reduced earnings versus the prior quarter and prior year. Results versus the prior year were also impacted by higher reinsurance expenses. Sales of $15 million decreased compared to the prior quarter and the prior year given lower ratings. Linked benefit product deposits were $25 million in the quarter, down from $41 million in the prior quarter and $42 million in the prior year.
 
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Fixed Annuities
Fixed annuities net operating income was $25 million, compared with $31 million in the prior quarter and $24 million in the prior year. Results in the quarter reflected unfavorable impacts from mortality versus the prior quarter. Sales in the quarter totaled $224 million, down sequentially and versus the prior year given the lower interest rate environment and lower ratings.
Corporate and Other Division
Corporate and Other Division net operating loss was $48 million, compared with $43 million in the prior quarter and $51 million in the prior year.

Corporate and Other Division	 	
Net Operating Income (Loss)	 	
(Amounts in millions)	  	Q2 15	 	  	Q1 15	 	  	Q2 14	 	
Runoff	  	$	9	 	  	$	11	 	  	$	15	 	
Corporate and Other	  	 	(57	) 	  	 	(54	) 	  	 	(66	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Total Corporate and Other	  	$	(48	) 	  	$	(43	) 	  	$	(51	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	
Runoff net operating income was $9 million, compared with $11 million in the prior quarter and $15 million in the prior year.
Corporate and Other net operating loss was $57 million, compared with $54 million in the prior quarter and $66 million in the prior year.
 
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Capital & Liquidity
Genworth maintains solid capital positions in its operating subsidiaries.

Key Capital & Liquidity Metrics	  	 	 	 	 	 	 	 	 	
(Dollar amounts in millions)	  	Q2 15	 	 	Q1 15	 	 	Q2 14	 	
Canada MI	  				 				 				
Minimum Capital Test (MCT) Ratio 5	  	 	231	% 	 	 	233	% 	 	 	231	% 	
Australia MI	  				 				 				
Prescribed Capital Amount (PCA) Ratio 5	  	 	164	% 	 	 	163	% 	 	 	154	% 	
U.S. MI	  				 				 				
Consolidated Risk-To-Capital Ratio 5	  	 	13.7:1	  	 	 	14.1:1	  	 	 	14.6:1	  	
GMICO Risk-To-Capital Ratio 5	  	 	13.5:1	  	 	 	13.8:1	  	 	 	14.0:1	  	
U.S. Life Companies	  				 				 				
Consolidated Risk-Based Capital (RBC) Ratio 5	  	 	455	% 	 	 	453	% 	 	 	492	% 	
Unassigned Surplus 5	  	$	100	 	 	$	138	 	 	$	563	 	
Holding Company Cash 6 and Liquid Assets 7  	  	$	1,154	 	 	$	1,070	 	 	$	1,223	 	
Key Points
 
 	•	 	$173 million from the net proceeds related to the sale of 92.3 million shares of the Australia MI business and $47 million of dividends from the operating subsidiaries were paid to the holding company during the second quarter;	
 
 	•	 	Unassigned surplus declined versus the prior quarter primarily related to unfavorable LTC and life insurance mortality results;	
 
 	•	 	The holding company ended the second quarter with a buffer of approximately $670 million in excess of one and a half times annual debt service and restricted cash;	
 
 	•	 	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;	
 
 	•	 	In July 2015, $200 million of cash from Genworth Holdings, Inc. was transferred to U.S. mortgage insurance in exchange for the business’ ownership interest in affiliated preferred securities; and	
 
 	•	 	In July 2015, the Australia MI business completed the issuance of AUD$200 million of subordinated notes and, concurrent with the transaction, redeemed approximately AUD$90 million of existing subordinated notes. If the transaction had been completed as of June 30, 2015, it would have favorably impacted the PCA ratio by approximately nine points.	
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

5  	Company estimate for the second quarter of 2015, due to timing of the filing of statutory statements.	
6  	Holding company cash & 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.	
7  	Comprises cash and cash equivalents of $904 million, $820 million and $1,073 million, respectively, and U.S. government bonds of $250 million, $250 million and $150 million, respectively, as of June 30, 2015, March 31, 2015 and June 30, 2014.	
 
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leadership positions in mortgage insurance and long term care insurance and product offerings in life insurance and fixed annuities that assist consumers in solving their home ownership, insurance and retirement needs. To help families start “the talk” about their futures and long term care planning, Genworth recently completed the first stage of its national #LetsTalk Tour to encourage conversations and information sharing. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com .
From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the “Investors” section of  genworth.com . From time to time, Genworth’s publicly traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage Insurance Australia Limited, separately release financial and other information about their operations. This information can be found at  http://genworth.ca  and http://www.genworth.com.au .
Conference Call and Financial Supplement Information
This press release and the second quarter 2015 financial supplement are now posted on the company’s website. Additional information regarding business results and strategic update will be posted on the company’s website, http://investor.genworth.com , by 7:30 a.m. on August 5, 2015. Investors are encouraged to review these materials.
Genworth will conduct a conference call on August 5, 2015 at 8:00 a.m. (ET) to discuss second quarter 2015 results 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 # 9386003. To participate in the call by webcast, register at http://investor.genworth.com at least 15 minutes prior to the webcast to download and install any necessary software.
Replays of the call will be available through August 19, 2015 at 888 203.1112 or 719 457.0820 (outside the U.S.); conference ID # 9386003. The webcast will also be archived on the company’s website.
Use of Non-GAAP Measures
This press release includes the non-GAAP financial measures entitled “net operating income (loss)” and “operating earnings per share.” Operating earnings per share is derived from net operating income (loss). The chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss). The company defines net operating income (loss) as income (loss) from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early
 
9

extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for certain blocks of business. The company excludes net investment gains (losses) and infrequent or unusual non-operating items because the company does not consider them to be related to the operating performance of the company’s segments and Corporate and Other activities. A component of the company’s net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and restructuring costs are also excluded from net operating income (loss) because, in the company’s opinion, they are not indicative of overall operating trends. Infrequent or unusual non-operating items are also excluded from net operating income (loss) if, in the company’s opinion, they are not indicative of overall operating trends.
While some of these items may be significant components of net income (loss) available to Genworth’s common stockholders in accordance with GAAP, the company believes that 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.
In the second quarter of 2015, the company recorded a $2 million after-tax expense related to restructuring costs as part of an expense reduction plan as the company evaluates and appropriately sizes its organizational needs and expenses.
In the 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. This transaction was excluded from net operating income (loss) for the periods presented as it related to the loss on the early extinguishment of debt.
There were no infrequent or unusual items excluded from net operating income (loss) during the periods presented.
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 months ended June 30, 2015 and 2014, as well as for the three months ended March 31, 2015.
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.
 
10

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.
Results of Operations by Segment
In the first quarter of 2015, the company revised how it allocates the consolidated provision for income taxes to its operating segments to simplify the process and reflect how the chief operating decision maker is evaluating segment performance. The revised methodology applies a specific tax rate to the pre-tax income (loss) of each segment, which is then adjusted in each segment to reflect the tax attributes of items unique to that segment such as foreign income. The difference between the consolidated provision for income taxes and the sum of the provision for income taxes in each segment is reflected in Corporate and Other activities. Previously, the company calculated a unique income tax provision for each segment based on quarterly changes to tax attributes and implications of transactions specific to each product within the segment.
The annually-determined tax rates and adjustments to each segment’s provision for income taxes are estimates which are subject to review and could change from year to year. Prior year amounts have not been re-presented to reflect this revised presentation and are, therefore, not comparable to the current year provision for income taxes by segment. However, the company does not believe that the previous methodology would have resulted in a materially different segment-level provision for income taxes.
Definition of Selected Operating Performance Measures
The company reports selected operating performance measures including “sales” and “insurance in force” or “risk in force” which are commonly used in the insurance industry as measures of operating performance.
Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) new insurance written for mortgage insurance; (2) annualized first-year premiums for long term care and term life insurance products; (3) annualized first-year deposits plus five percent of excess deposits for universal and term universal life insurance products; (4) 10 percent of premium deposits for linked-benefits products; and (5) new and additional premiums/deposits for fixed annuities. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers new insurance written, annualized first-year premiums/deposits, premium equivalents and new premiums/deposits to be a measure of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company’s revenues or profitability during that period.
Management regularly monitors and reports insurance in force and risk in force. Insurance in force for the 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 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.
 
11

Management also regularly monitors and reports a loss ratio for the company’s businesses. For the mortgage insurance businesses, the loss ratio is the ratio of incurred losses and loss adjustment expenses to net earned premiums. For the long term care insurance business, the loss ratio is the ratio of benefits and other changes in reserves less tabular interest on reserves less loss adjustment expenses to net earned premiums. The company considers the loss ratio to be a measure of underwriting performance in these businesses and helps to enhance the understanding of the operating performance of the businesses.
An assumed tax rate of 35 percent is utilized in certain adjustments to net operating income (loss) and in the explanation of specific variances of operating performance and investment results.
These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including, but not limited to, the following:
 
 	•	 	Risks 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 the inability to complete the planned sale of the company’s lifestyle protection insurance business at all or on the terms anticipated and failure to attract buyers for any other businesses or other 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 successfully develop more targeted product features and benefits, strengthen relationships with producers or achieve anticipated cost-savings in a timely manner; adverse tax or accounting charges; (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 the need to increase reserves, including as a result of any changes the company may make to its assumptions, methodologies or otherwise in connection with periodic or other reviews (including as a result of the company’s actual experience differing significantly from its assumptions); (iv) ineffective or inadequate risk management in identifying, controlling or mitigating risks; weaknesses in, or ineffective, internal controls; (v) recent or future 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, strategic plans, collateral obligations and availability and terms of hedging, reinsurance and borrowings; (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 international subsidiaries) and the inability of any subsidiaries to pay dividends or make other distributions to the company, including as a result of the performance of 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 the dividends that it receives from those businesses	
 
12

 	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 protect the company against losses; (xiii) defaults by counterparties to reinsurance arrangements or derivative instruments; (xiv) changes in valuation of fixed maturity, equity and trading securities; (xv) defaults or other events impacting the value of the company’s fixed maturity securities portfolio; (xvi) defaults on the company’s commercial mortgage loans or the mortgage loans underlying its investments in commercial mortgage-backed securities and volatility in performance; (xvii) competition; (xviii) reliance on, and loss of, key distribution relationships; (xix) extensive regulation on the company’s businesses and changes in applicable laws and regulations; (xx) litigation and regulatory investigations or other actions (including the two shareholder putative class action lawsuits alleging securities law violations filed against the company in 2014); (xxi) the material weakness in the company’s internal control over financial reporting; (xxii) 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; (xxiii) occurrence of natural or man-made disasters or a pandemic; (xxiv) impact of additional regulations pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act; (xxv) changes in accounting and reporting standards; (xxvi) impairments of or valuation allowances against the company’s deferred tax assets; (xxvii) accelerated 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); (xxviii) political and economic instability or changes in government policies; and (xxix) fluctuations in foreign currency exchange rates and international securities markets;	
 
 	•	 	Risks relating primarily to the company’s mortgage insurance businesses, including: (i) deterioration in economic conditions or a decline in home prices that adversely affect the company’s loss experience in mortgage insurance; (ii) 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; (iii) competition in the company’s international and U.S. mortgage insurance businesses, including from government and government-owned and government-sponsored enterprises (GSEs) offering mortgage insurance; (iv) changes in regulations adversely affecting the company’s international operations; (v) inability to meet or maintain the private mortgage insurer eligibility requirements (PMIERs) on the contemplated timetable with the contemplated funding; (vi) inability of U.S. mortgage insurance subsidiaries to meet minimum statutory capital requirements and hazardous financial condition standards; (vii) the influence of Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) and a small number of large mortgage lenders on the U.S. mortgage insurance market and adverse changes to the role or structure of Fannie Mae and Freddie Mac; (viii) increases in U.S. mortgage insurance default rates; (ix) inability to realize anticipated benefits of the company’s rescissions, curtailments, loan modifications or other similar programs in its U.S. mortgage insurance business; (x) problems associated with foreclosure process defects in the United States that may defer claim payments; (xi) competition with GSEs may put the company at a disadvantage on pricing and other terms and conditions; (xii) adverse changes in regulations affecting the company’s U.S. mortgage insurance business; (xiii) decreases in the volume of high loan-to-value mortgage originations or increases in mortgage insurance cancellations in the United States; (xiv) increases in the use of alternatives to private mortgage insurance in the United States and reductions in the level of coverage selected; and (xv) potential liabilities in connection with the company’s U.S. contract underwriting services;	
 
 	•	 	Risks relating primarily to the company’s long term care insurance, life insurance and annuities businesses, including: (i) 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 margin reviews 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 margin calculation as anticipated;	
 
13

 	(ii) failure to sufficiently increase demand for the company’s long term care insurance, life insurance and fixed annuity products; (iii) adverse impact on the company’s financial results as a result of projected profits followed by projected losses (as is currently the case with the company’s long term care insurance business); (iv) deviations from the persistency assumptions used to price and establish reserves for the company’s insurance policies and annuity contracts; (v) medical advances, such as genetic research and diagnostic imaging, and related legislation that impact policyholder behavior in ways adverse to the company; and (vi) inability to continue to implement actions to mitigate the impact of statutory reserve requirements;	
 
 	•	 	Other risks, including: (i) 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 (ii) 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: (i) the continued suspension of payment of dividends; and (ii) 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:	  	Julie Westermann, 804 662.2423	
		
	  	julie.westermann@genworth.com	
 
14

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

 	  	Three months ended
June 30,	 	
 	  	2015	 	 	2014	 	
Revenues:	  				 				
Premiums	  	$	1,134	 	 	$	1,144	 	
Net investment income	  	 	793	 	 	 	791	 	
Net investment gains (losses)	  	 	8	 	 	 	34	 	
Insurance and investment product fees and other	  	 	222	 	 	 	225	 	
	  	 	 	 	 	 	 	 	
Total revenues	  	 	2,157	 	 	 	2,194	 	
	  	 	 	 	 	 	 	 	
Benefits and expenses:	  				 				
Benefits and other changes in policy reserves	  	 	1,232	 	 	 	1,200	 	
Interest credited	  	 	181	 	 	 	184	 	
Acquisition and operating expenses, net of deferrals	  	 	295	 	 	 	282	 	
Amortization of deferred acquisition costs and intangibles	  	 	101	 	 	 	108	 	
Interest expense	  	 	103	 	 	 	112	 	
	  	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,912	 	 	 	1,886	 	
	  	 	 	 	 	 	 	 	
Income from continuing operations before income taxes	  	 	245	 	 	 	308	 	
Provision for income taxes	  	 	70	 	 	 	84	 	
	  	 	 	 	 	 	 	 	
Income from continuing operations	  	 	175	 	 	 	224	 	
Income (loss) from discontinued operations, net of taxes	  	 	(314	) 	 	 	4	 	
	  	 	 	 	 	 	 	 	
Net income (loss)	  	 	(139	) 	 	 	228	 	
Less: net income attributable to noncontrolling interests	  	 	54	 	 	 	52	 	
	  	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	  	$	(193	) 	 	$	176	 	

Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				
Basic	  	$	0.24	 	 	$	0.35	 	
	  	 	 	 	 	 	 	 	
Diluted	  	$	0.24	 	 	$	0.34	 	
	  	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				
Basic	  	$	(0.39	) 	 	$	0.35	 	
	  	 	 	 	 	 	 	 	
Diluted	  	$	(0.39	) 	 	$	0.35	 	
	  	 	 	 	 	 	 	 	
Weighted-average shares outstanding:	  				 				
Basic	  	 	497.4	 	 	 	496.6	 	
	  	 	 	 	 	 	 	 	
Diluted	  	 	499.3	 	 	 	503.6	 	

15

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

 	  	Three
months ended
June 30,	 	 	Three
months ended
March 31,	 	
 	  	2015	 	 	2014	 	 	2015	 	
Net operating income (loss):	  				 				 				
Global Mortgage Insurance Division	  				 				 				
International Mortgage Insurance segment	  				 				 				
Canada	  	$	37	  	 	$	47	 	 	$	40	  	
Australia	  	 	29	  	 	 	57	 	 	 	30	  	
Other Countries	  	 	(5	) 	 	 	(7	) 	 	 	(6	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total International Mortgage Insurance segment	  	 	61	  	 	 	97	 	 	 	64	  	
U.S. Mortgage Insurance segment	  	 	49	  	 	 	39	 	 	 	52	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance Division	  	 	110	  	 	 	136	 	 	 	116	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
U.S. Life Insurance Division	  				 				 				
U.S. Life Insurance segment	  				 				 				
Long Term Care Insurance	  	 	10	  	 	 	6	 	 	 	10	  	
Life Insurance	  	 	22	  	 	 	39	 	 	 	40	  	
Fixed Annuities	  	 	25	  	 	 	24	 	 	 	31	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	57	  	 	 	69	 	 	 	81	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance Division	  	 	57	  	 	 	69	 	 	 	81	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other Division	  				 				 				
Runoff segment	  	 	9	  	 	 	15	 	 	 	11	  	
Corporate and Other	  	 	(57	) 	 	 	(66	) 	 	 	(54	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other Division	  	 	(48	) 	 	 	(51	) 	 	 	(43	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net operating income	  	 	119	  	 	 	154	 	 	 	154	  	
Adjustments to net operating income:	  				 				 				
Net investment gains (losses), net (see below for reconciliation)	  	 	4	  	 	 	20	 	 	 	(1	) 	
Gains (losses) on early extinguishment of debt, net	  	 	—  	  	 	 	(2	) 	 	 	—  	  	
Expenses related to restructuring, net	  	 	(2	) 	 	 	—  	 	 	 	—  	  	
Income (loss) from discontinued operations, net of taxes	  	 	(314	) 	 	 	4	 	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders	  	 	(193	) 	 	 	176	 	 	 	154	  	
Add: net income attributable to noncontrolling interests	  	 	54	  	 	 	52	 	 	 	50	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	  	$	(139	) 	 	$	228	 	 	$	204	  	

Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				 				
Basic	  	$	(0.39	) 	 	$	0.35	 	 	$	0.31	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.39	) 	 	$	0.35	 	 	$	0.31	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net operating income per common share:	  				 				 				
Basic	  	$	0.24	  	 	$	0.31	 	 	$	0.31	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	0.24	  	 	$	0.31	 	 	$	0.31	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average shares outstanding:	  				 				 				
Basic	  	 	497.4	  	 	 	496.6	 	 	 	497.0	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	 	499.3	  	 	 	503.6	 	 	 	498.9	  	

Reconciliation of net investment gains (losses):	  				 				 				
Net investment gains (losses), gross	  	$	8	  	 	$	34	 	 	$	(16	) 	
Adjustments for:	  				 				 				
Deferred acquisition costs and other intangible amortization and certain benefit reserves	  	 	8	  	 	 	3	 	 	 	6	  	
Net investment gains (losses) attributable to noncontrolling interests	  	 	(9	) 	 	 	(5	) 	 	 	7	  	
Taxes	  	 	(3	) 	 	 	(12	) 	 	 	2	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes and other adjustments	  	$	4	  	 	$	20	 	 	$	(1	) 	

16

Condensed Consolidated Balance Sheets
(Amounts in millions)

 	  	June 30,
2015	 	 	December 31,
2014	 	
Assets	  				 				
Cash, cash equivalents and invested assets	  	$	76,123	 	 	$	77,388	 	
Deferred acquisition costs	  	 	4,896	 	 	 	4,849	 	
Intangible assets	  	 	286	 	 	 	250	 	
Goodwill	  	 	15	 	 	 	16	 	
Reinsurance recoverable	  	 	17,297	 	 	 	17,314	 	
Other assets	  	 	625	 	 	 	524	 	
Separate account assets	  	 	8,702	 	 	 	9,208	 	
Assets held for sale related to discontinued operations	  	 	1,220	 	 	 	1,809	 	
	  	 	 	 	 	 	 	 	
Total assets	  	$	109,164	 	 	$	111,358	 	
	  	 	 	 	 	 	 	 	
Liabilities and stockholders’ equity	  				 				
Liabilities:	  				 				
Future policy benefits	  	$	36,298	 	 	$	35,915	 	
Policyholder account balances	  	 	25,987	 	 	 	26,032	 	
Liability for policy and contract claims	  	 	7,990	 	 	 	7,937	 	
Unearned premiums	  	 	3,431	 	 	 	3,547	 	
Deferred tax and other liabilities	  	 	3,394	 	 	 	4,140	 	
Borrowings related to securitization entities	  	 	199	 	 	 	219	 	
Non-recourse funding obligations	  	 	1,967	 	 	 	1,996	 	
Long-term borrowings	  	 	4,607	 	 	 	4,639	 	
Separate account liabilities	  	 	8,702	 	 	 	9,208	 	
Liabilities held for sale related to discontinued operations	  	 	862	 	 	 	928	 	
	  	 	 	 	 	 	 	 	
Total liabilities	  	 	93,437	 	 	 	94,561	 	
	  	 	 	 	 	 	 	 	
Stockholders’ equity:	  				 				
Common stock	  	 	1	 	 	 	1	 	
Additional paid-in capital	  	 	11,940	 	 	 	11,997	 	
	  	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  				 				
Net unrealized investment gains (losses):	  				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	1,606	 	 	 	2,431	 	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	22	 	 	 	22	 	
	  	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	1,628	 	 	 	2,453	 	
	  	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	1,913	 	 	 	2,070	 	
Foreign currency translation and other adjustments	  	 	(232	) 	 	 	(77	) 	
	  	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)	  	 	3,309	 	 	 	4,446	 	
Retained earnings	  	 	1,140	 	 	 	1,179	 	
Treasury stock, at cost	  	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	13,690	 	 	 	14,923	 	
Noncontrolling interests	  	 	2,037	 	 	 	1,874	 	
	  	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	15,727	 	 	 	16,797	 	
	  	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	109,164	 	 	$	111,358	 	

17

Impact of Foreign Exchange on Operating Results 8
Three months ended June 30, 2015

 	  	Percentages
Including Foreign
Exchange	 	 	Percentages
Excluding Foreign
Exchange 9	 	
			
Canada Mortgage Insurance (MI):	  				 				
Flow new insurance written	  	 	8 	% 	 	 	22 	% 	
Flow new insurance written (2Q15 vs. 1Q15)	  	 	64 	% 	 	 	67 	% 	
			
Australia MI:	  				 				
Flow new insurance written	  	 	(18	)% 	 	 	(3	)% 	
Flow new insurance written (2Q15 vs. 1Q15)	  	 	12 	% 	 	 	16 	% 	

8  	All percentages are comparing the second quarter of 2015 to the second quarter of 2014 unless otherwise stated.	
9  	The impact of foreign exchange was calculated using the comparable prior period exchange rates.	
 
18

Reconciliation of Core Yield to Reported Yield

 	  	Three
months ended
June 30,
2015	 	
(Assets - amounts in billions)	  				
Reported Total Invested Assets and Cash	  	$	75.5	  	
Subtract:	  				
Securities lending	  	 	0.3	  	
Unrealized gains (losses)	  	 	4.9	  	
Derivative counterparty collateral	  	 	—  	  	
	  	 	 	 	
Adjusted end of period invested assets	  	$	70.3	  	

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

( Income - amounts in millions)	  				
Reported Net Investment Income	  	$	793	  	
Subtract:	  				
Bond calls and commercial mortgage loan prepayments	  	 	17	  	
Other non-core items 11	  	 	(4	) 	
Restricted commercial mortgage loans and other invested assets related to securitization entities 10	  	 	2	  	
	  	 	 	 	
Core Net Investment Income	  	$	778	  	

Reported Yield	  	 	4.52	% 	
	  	 	 	 	
Core Yield	  	 	4.45	% 	

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

Exhibit 99.2
Second Quarter Financial Supplement
June 30, 2015

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015

Table of Contents	  	Page	 	
Investor Letter	  	 	3	  	
Use of Non-GAAP Measures	  	 	4	  	
Results of Operations and Selected Operating Performance Measures	  	 	5	  	
Financial Highlights	  	 	6	  	
		
Consolidated Quarterly Results	  				
Consolidated Net Income (Loss) by Quarter	  	 	8	  	
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 by Division	  				
Net Operating Income and Sales—Global Mortgage Insurance Division	  	 	16-38	  	
Net Operating Income (Loss) and Sales—U.S. Life Insurance Division	  	 	40-46	  	
Net Operating Loss and Other Metrics—Corporate and Other Division	  	 	48-54	  	
		
Additional Financial Data	  				
Investments Summary	  	 	56	  	
Fixed Maturity Securities Summary	  	 	57	  	
General Account GAAP Net Investment Income Yields	  	 	58	  	
Net Investment Gains (Losses), Net—Detail	  	 	59	  	
		
Reconciliations of Non-GAAP Measures	  				
Reconciliation of Operating Return On Equity (ROE)	  	 	61	  	
Reconciliation of Core Yield	  	 	62	  	
		
Corporate Information	  				
Industry Ratings	  	 	64	  	
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
SECOND QUARTER 2015
Dear Investor,
Beginning in the second quarter of 2015, the lifestyle protection insurance business is being separately presented as discontinued operations and all prior periods herein have been re-presented. During the second quarter of 2015, the company recognized an after-tax loss of $306 million related to the planned sale of this business. The company expects the transaction to close by the end of 2015, subject to customary closing conditions, including requisite regulatory approvals.
Thank you for your continued interest in Genworth Financial.
Regards,
Amy Corbin
Investor Relations
InvestorInfo@genworth.com
 
3

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 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, restructuring costs and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for certain blocks of business. The company excludes net investment gains (losses) and infrequent or unusual non-operating items because the company does not consider them to be related to the operating performance of the company's segments and Corporate and Other activities. A component of the company's net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company's discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and restructuring costs are also excluded from net operating income (loss) because, in the company's opinion, they are not indicative of overall operating trends. Infrequent or unusual non-operating items are also excluded from net operating income (loss) if, in the company's opinion, they are not indicative of overall operating trends.
While some of these items may be significant components of net income (loss) available to Genworth Financial, Inc.'s common stockholders in accordance with GAAP, the company believes that 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.
In the second quarter of 2015, the company recorded a $2 million after-tax expense related to restructuring costs as part of an expense reduction plan as the company evaluates and appropriately sizes its organizational needs and expenses.
In the fourth quarter of 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.
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. This transaction was excluded from net operating income (loss) for the periods presented as it related to the loss on the early extinguishment of debt.
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 $205 million net tax impact in the fourth quarter of 2014 from potential business portfolio changes. 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 made a change to the permanent reinvestment assertion on one of its legal entities recognizing tax expense of $31 million in the fourth quarter of 2014.
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 61 and 62 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 59).

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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Results of Operations and Selected Operating Performance Measures
The company's chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss). 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.
In the first quarter of 2015, the company revised how it allocates the consolidated provision for income taxes to its operating segments to simplify the process and reflect how the chief operating decision maker is evaluating segment performance. The revised methodology applies a specific tax rate to the pre-tax income (loss) of each segment, which is then adjusted in each segment to reflect the tax attributes of items unique to that segment such as foreign income. The difference between the consolidated provision for income taxes and the sum of the provision for income taxes in each segment is reflected in Corporate and Other activities. Previously, the company calculated a unique income tax provision for each segment based on quarterly changes to tax attributes and implications of transactions specific to each product within the segment.
The annually-determined tax rates and adjustments to each segment’s provision for income taxes are estimates which are subject to review and could change from year to year. Prior year amounts have not been re-presented to reflect this revised presentation and are, therefore, not comparable to the current year provision for income taxes by segment. However, the company does not believe that the previous methodology would have resulted in a materially different segment-level provision for income taxes.
This financial supplement contains selected operating performance measures including “sales” and “insurance in-force” or “risk in-force” which are commonly used in the insurance industry as measures of operating performance.
Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) new insurance written for mortgage insurance; (2) annualized first-year premiums for long-term care and term life insurance products; (3) annualized first-year deposits plus 5% of excess deposits for universal and term universal life insurance products; (4) 10% of premium deposits for linked-benefits products; and (5) new and additional premiums/deposits for fixed annuities. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers new insurance written, annualized first-year premiums/deposits, premium equivalents and new premiums/deposits to be a measure of the company's operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company's revenues or profitability during that period.
Management regularly monitors and reports insurance in-force and risk in-force. Insurance in-force for the 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.
Management also regularly monitors and reports a loss ratio for the company’s businesses. For the mortgage insurance businesses, the loss ratio is the ratio of incurred losses and loss adjustment expenses to net earned premiums. For the long-term care insurance business, the loss ratio is the ratio of benefits and other changes in reserves less tabular interest on reserves less loss adjustment expenses to net earned premiums. The company considers the loss ratio to be a measure of underwriting performance in these businesses and helps to enhance the understanding of the operating performance of the businesses.
These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
 
5

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 Financial Highlights
(amounts in millions, except per share data)

Balance Sheet Data	  	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	
Total Genworth Financial, Inc.'s stockholders' equity, excluding accumulated other comprehensive income	  	$	10,381	  	 	$	10,632	  	 	$	10,477	  	 	$	11,231	  	 	$	12,070	  	
Total accumulated other comprehensive income	  	 	3,309	  	 	 	4,692	  	 	 	4,446	  	 	 	3,934	  	 	 	4,161	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.'s stockholders' equity	  	$	13,690	  	 	$	15,324	  	 	$	14,923	  	 	$	15,165	  	 	$	16,231	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Book value per common share	  	$	27.52	  	 	$	30.81	  	 	$	30.04	  	 	$	30.54	  	 	$	32.68	  	
Book value per common share, excluding accumulated other comprehensive income	  	$	20.87	  	 	$	21.38	  	 	$	21.09	  	 	$	22.62	  	 	$	24.31	  	
Common shares outstanding as of the balance sheet date	  	 	497.4	  	 	 	497.4	  	 	 	496.7	  	 	 	496.6	  	 	 	496.6	  	
		
 	  	Twelve months ended	 	
Twelve Month Rolling Average ROE	  	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	
GAAP Basis ROE	  	 	-15.0%	  	 	 	-11.3%	  	 	 	-10.8%	  	 	 	-2.3%	  	 	 	5.7%	  	
Operating ROE (1)	  	 	  -4.2%	  	 	 	  -3.8%	  	 	 	  -3.5%	  	 	 	  1.7%	  	 	 	5.5%	  	
		
 	  	Three months ended	 	
Quarterly Average ROE	  	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	
GAAP Basis ROE	  	 	-7.3%	  	 	 	5.8%	  	 	 	-28.0%	  	 	 	-29.0%	  	 	 	5.8%	  	
Operating ROE (1)	  	 	  4.5%	  	 	 	5.8%	  	 	 	-15.3%	  	 	 	-11.1%	  	 	 	5.1%	  	

Basic and Diluted Shares	  	Three months ended
June 30, 2015	 	  	Six months ended
June 30, 2015	 	
Weighted-average common shares used in basic earnings per common share calculations	  	 	497.4	  	  	 	497.2	  	
Potentially dilutive securities:	  				  				
Stock options, restricted stock units and stock appreciation rights	  	 	1.9	  	  	 	1.9	  	
	  	 	 	 	  	 	 	 	
Weighted-average common shares used in diluted earnings per common share calculations	  	 	499.3	  	  	 	499.1	  	

(1)  	See page 61 herein for a reconciliation of GAAP Basis ROE to Operating ROE.	
 
6

 
Consolidated Quarterly Results
 
7

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 Consolidated Net Income (Loss) by Quarter
(amounts in millions, except per share amounts)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	  	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				  				 				
Premiums	  	$	1,134	  	  	$	1,143	  	 	$	2,277	  	 	$	1,214	  	 	$	1,210	  	 	$	1,144	  	  	$	1,132	  	 	$	4,700	  	
Net investment income	  	 	793	  	  	 	781	  	 	 	1,574	  	 	 	797	  	 	 	778	  	 	 	791	  	  	 	776	  	 	 	3,142	  	
Net investment gains (losses)	  	 	8	  	  	 	(16	) 	 	 	(8	) 	 	 	(11	) 	 	 	(27	) 	 	 	34	  	  	 	(18	) 	 	 	(22	) 	
Insurance and investment product fees and other	  	 	222	  	  	 	227	  	 	 	449	  	 	 	229	  	 	 	229	  	 	 	225	  	  	 	226	  	 	 	909	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total revenues	  	 	2,157	  	  	 	2,135	  	 	 	4,292	  	 	 	2,229	  	 	 	2,190	  	 	 	2,194	  	  	 	2,116	  	 	 	8,729	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				  				 				
Benefits and other changes in policy reserves	  	 	1,232	  	  	 	1,192	  	 	 	2,424	  	 	 	2,136	  	 	 	1,934	  	 	 	1,200	  	  	 	1,148	  	 	 	6,418	  	
Interest credited	  	 	181	  	  	 	180	  	 	 	361	  	 	 	185	  	 	 	185	  	 	 	184	  	  	 	183	  	 	 	737	  	
Acquisition and operating expenses, net of deferrals	  	 	295	  	  	 	267	  	 	 	562	  	 	 	299	  	 	 	284	  	 	 	282	  	  	 	273	  	 	 	1,138	  	
Amortization of deferred acquisition costs and intangibles	  	 	101	  	  	 	95	  	 	 	196	  	 	 	128	  	 	 	113	  	 	 	108	  	  	 	104	  	 	 	453	  	
Goodwill impairment	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	299	  	 	 	550	  	 	 	—  	  	  	 	—  	  	 	 	849	  	
Interest expense	  	 	103	  	  	 	107	  	 	 	210	  	 	 	106	  	 	 	104	  	 	 	112	  	  	 	111	  	 	 	433	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,912	  	  	 	1,841	  	 	 	3,753	  	 	 	3,153	  	 	 	3,170	  	 	 	1,886	  	  	 	1,819	  	 	 	10,028	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	245	  	  	 	294	  	 	 	539	  	 	 	(924	) 	 	 	(980	) 	 	 	308	  	  	 	297	  	 	 	(1,299	) 	
Provision (benefit) for income taxes	  	 	70	  	  	 	91	  	 	 	161	  	 	 	(78	) 	 	 	(187	) 	 	 	84	  	  	 	87	  	 	 	(94	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	175	  	  	 	203	  	 	 	378	  	 	 	(846	) 	 	 	(793	) 	 	 	224	  	  	 	210	  	 	 	(1,205	) 	
Income (loss) from discontinued operations, net of taxes (1)	  	 	(314	) 	  	 	1	  	 	 	(313	) 	 	 	138	  	 	 	6	  	 	 	4	  	  	 	9	  	 	 	157	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	(139	) 	  	 	204	  	 	 	65	  	 	 	(708	) 	 	 	(787	) 	 	 	228	  	  	 	219	  	 	 	(1,048	) 	
Less: net income attributable to noncontrolling interests	  	 	54	  	  	 	50	  	 	 	104	  	 	 	52	  	 	 	57	  	 	 	52	  	  	 	35	  	 	 	196	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	$	(193	) 	  	$	154	  	 	$	(39	) 	 	$	(760	) 	 	$	(844	) 	 	$	176	  	  	$	184	  	 	$	(1,244	) 	

Earnings (Loss) Per Share Data:	  				  				 				 				 				 				  				 				
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				 				 				 				  				 				
Basic	  	$	0.24	  	  	$	0.31	  	 	$	0.55	  	 	$	(1.81	) 	 	$	(1.71	) 	 	$	0.35	  	  	$	0.35	  	 	$	(2.82	) 	
Diluted	  	$	0.24	  	  	$	0.31	  	 	$	0.55	  	 	$	(1.81	) 	 	$	(1.71	) 	 	$	0.34	  	  	$	0.35	  	 	$	(2.82	) 	
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				 				 				 				  				 				
Basic	  	$	(0.39	) 	  	$	0.31	  	 	$	(0.08	) 	 	$	(1.53	) 	 	$	(1.70	) 	 	$	0.35	  	  	$	0.37	  	 	$	(2.51	) 	
Diluted	  	$	(0.39	) 	  	$	0.31	  	 	$	(0.08	) 	 	$	(1.53	) 	 	$	(1.70	) 	 	$	0.35	  	  	$	0.37	  	 	$	(2.51	) 	
Weighted-average common shares outstanding	  				  				 				 				 				 				  				 				
Basic	  	 	497.4	  	  	 	497.0	  	 	 	497.2	  	 	 	496.7	  	 	 	496.6	  	 	 	496.6	  	  	 	495.8	  	 	 	496.4	  	
Diluted (2)	  	 	499.3	  	  	 	498.9	  	 	 	499.1	  	 	 	496.7	  	 	 	496.6	  	 	 	503.6	  	  	 	502.7	  	 	 	496.4	  	

(1)  	Income (loss) from discontinued operations related to the lifestyle protection insurance business. Refer to page 54 for operating results of discontinued operations.	
(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
SECOND QUARTER 2015
 
 Net Operating Income (Loss) by Segment by Quarter
(amounts in millions, except per share amounts)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Global Mortgage Insurance Division	  			 	  				 				 				 				 				 				 				
International Mortgage Insurance segment:	  			 	  				 				 				 				 				 				 				
Canada	  	$	37	  	  	$	40	  	 	$	77	  	 	$	36	  	 	$	46	  	 	$	47	  	 	$	41	  	 	$	170	  	
Australia (1)	  	 	29	  	  	 	30	  	 	 	59	  	 	 	33	  	 	 	48	  	 	 	57	  	 	 	62	  	 	 	200	  	
Other Countries	  	 	(5	) 	  	 	(6	) 	 	 	(11	) 	 	 	(7	) 	 	 	(7	) 	 	 	(7	) 	 	 	(4	) 	 	 	(25	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total International Mortgage Insurance segment	  	 	61	  	  	 	64	  	 	 	125	  	 	 	62	  	 	 	87	  	 	 	97	  	 	 	99	  	 	 	345	  	
U.S. Mortgage Insurance segment	  	 	49	  	  	 	52	  	 	 	101	  	 	 	21	  	 	 	(2	) 	 	 	39	  	 	 	33	  	 	 	91	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Global Mortgage Insurance Division	  	 	110	  	  	 	116	  	 	 	226	  	 	 	83	  	 	 	85	  	 	 	136	  	 	 	132	  	 	 	436	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
U.S. Life Insurance Division	  			 	  				 				 				 				 				 				 				
U.S. Life Insurance segment:	  			 	  				 				 				 				 				 				 				
Long-Term Care Insurance	  	 	10	  	  	 	10	  	 	 	20	  	 	 	(506	) 	 	 	(361	) 	 	 	6	  	 	 	46	  	 	 	(815	) 	
Life Insurance	  	 	22	  	  	 	40	  	 	 	62	  	 	 	1	  	 	 	13	  	 	 	39	  	 	 	21	  	 	 	74	  	
Fixed Annuities	  	 	25	  	  	 	31	  	 	 	56	  	 	 	23	  	 	 	26	  	 	 	24	  	 	 	27	  	 	 	100	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	57	  	  	 	81	  	 	 	138	  	 	 	(482	) 	 	 	(322	) 	 	 	69	  	 	 	94	  	 	 	(641	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance Division	  	 	57	  	  	 	81	  	 	 	138	  	 	 	(482	) 	 	 	(322	) 	 	 	69	  	 	 	94	  	 	 	(641	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Corporate and Other Division	  			 	  				 				 				 				 				 				 				
Runoff segment	  	 	9	  	  	 	11	  	 	 	20	  	 	 	16	  	 	 	5	  	 	 	15	  	 	 	12	  	 	 	48	  	
Corporate and Other	  	 	(57	) 	  	 	(54	) 	 	 	(111	) 	 	 	(32	) 	 	 	(91	) 	 	 	(66	) 	 	 	(52	) 	 	 	(241	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Corporate and Other Division	  	 	(48	) 	  	 	(43	) 	 	 	(91	) 	 	 	(16	) 	 	 	(86	) 	 	 	(51	) 	 	 	(40	) 	 	 	(193	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	 	119	  	  	 	154	  	 	 	273	  	 	 	(415	) 	 	 	(323	) 	 	 	154	  	 	 	186	  	 	 	(398	) 	
ADJUSTMENTS TO NET OPERATING INCOME (LOSS):	  			 	  				 				 				 				 				 				 				
Net investment gains (losses), net	  	 	4	  	  	 	(1	) 	 	 	3	  	 	 	(4	) 	 	 	(10	) 	 	 	20	  	 	 	(11	) 	 	 	(5	) 	
Goodwill impairment, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(274	) 	 	 	(517	) 	 	 	—  	  	 	 	—  	  	 	 	(791	) 	
Gains (losses) on early extinguishment of debt, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	(2	) 	
Expenses related to restructuring, net	  	 	(2	) 	  	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Tax impact from potential business portfolio changes	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(205	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(205	) 	
Income (loss) from discontinued operations, net of taxes	  	 	(314	) 	  	 	1	  	 	 	(313	) 	 	 	138	  	 	 	6	  	 	 	4	  	 	 	9	  	 	 	157	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	(193	) 	  	 	154	  	 	 	(39	) 	 	 	(760	) 	 	 	(844	) 	 	 	176	  	 	 	184	  	 	 	(1,244	) 	
Add: net income attributable to noncontrolling interests	  	 	54	  	  	 	50	  	 	 	104	  	 	 	52	  	 	 	57	  	 	 	52	  	 	 	35	  	 	 	196	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	$	(139	) 	  	$	204	  	 	$	65	  	 	$	(708	) 	 	$	(787	) 	 	$	228	  	 	$	219	  	 	$	(1,048	) 	

Earnings (Loss) Per Share Data:	  				  				 				 				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				 				
Basic	  	$	(0.39	) 	  	$	0.31	  	 	$	(0.08	) 	 	$	(1.53	) 	 	$	(1.70	) 	 	$	0.35	  	 	$	0.37	  	 	$	(2.51	) 	
Diluted	  	$	(0.39	) 	  	$	0.31	  	 	$	(0.08	) 	 	$	(1.53	) 	 	$	(1.70	) 	 	$	0.35	  	 	$	0.37	  	 	$	(2.51	) 	
Net operating income (loss) per common share	  				  				 				 				 				 				 				 				
Basic	  	$	0.24	  	  	$	0.31	  	 	$	0.55	  	 	$	(0.83	) 	 	$	(0.65	) 	 	$	0.31	  	 	$	0.37	  	 	$	(0.80	) 	
Diluted	  	$	0.24	  	  	$	0.31	  	 	$	0.55	  	 	$	(0.83	) 	 	$	(0.65	) 	 	$	0.31	  	 	$	0.37	  	 	$	(0.80	) 	
Weighted-average common shares outstanding	  				  				 				 				 				 				 				 				
Basic	  	 	497.4	  	  	 	497.0	  	 	 	497.2	  	 	 	496.7	  	 	 	496.6	  	 	 	496.6	  	 	 	495.8	  	 	 	496.4	  	
Diluted (2)	  	 	499.3	  	  	 	498.9	  	 	 	499.1	  	 	 	496.7	  	 	 	496.6	  	 	 	503.6	  	 	 	502.7	  	 	 	496.4	  	

(1)  	Adjusted for 33.8% owned by noncontrolling interests after the initial public offering of the Australian mortgage insurance business on May 21, 2014 and 48.0% after the additional sell down on May 11, 2015. The following table shows Australia’s net operating income assuming 100% ownership and then adjusts for the portion related to noncontrolling interests.	

 	  	Three months ended
June 30,	 	  	Six months ended
June 30,	 	
 	  	 2015 	 	  	 2014 	 	  	 2015 	 	  	 2014 	 	
Australia’s Net Operating Income	  	$	45	  	  	$	68	  	  	$	96	  	  	$	130	  	
Less: Net Operating Income Attributable to Noncontrolling Interests	  	 	16	  	  	 	11	  	  	 	37	  	  	 	11	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia’s Net Operating Income Available to Genworth Financial, Inc.’s Common Stockholders	  	$	29	  	  	$	57	  	  	$	59	  	  	$	119	  	

(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
SECOND QUARTER 2015
 
 Consolidated Balance Sheets
(amounts in millions)

 	  	June 30,
2015	 	  	March 31,
2015	 	  	December 31,
2014	 	  	September 30,
2014	 	  	June 30,
2014	 	
ASSETS	  			 	  				  				  				  				
Investments:	  			 	  				  				  				  				
Fixed maturity securities available-for-sale, at fair value	  	$	60,568	  	  	$	61,904	  	  	$	61,276	  	  	$	61,091	  	  	$	61,083	  	
Equity securities available-for-sale, at fair value	  	 	299	  	  	 	299	  	  	 	275	  	  	 	306	  	  	 	313	  	
Commercial mortgage loans	  	 	6,175	  	  	 	6,149	  	  	 	6,100	  	  	 	6,077	  	  	 	5,986	  	
Restricted commercial mortgage loans related to securitization entities	  	 	181	  	  	 	188	  	  	 	201	  	  	 	209	  	  	 	217	  	
Policy loans	  	 	1,584	  	  	 	1,506	  	  	 	1,501	  	  	 	1,512	  	  	 	1,514	  	
Other invested assets	  	 	2,191	  	  	 	2,697	  	  	 	2,244	  	  	 	2,218	  	  	 	1,902	  	
Restricted other invested assets related to securitization entities	  	 	410	  	  	 	411	  	  	 	411	  	  	 	404	  	  	 	404	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total investments	  	 	71,408	  	  	 	73,154	  	  	 	72,008	  	  	 	71,817	  	  	 	71,419	  	
Cash and cash equivalents	  	 	4,100	  	  	 	4,971	  	  	 	4,716	  	  	 	3,284	  	  	 	3,884	  	
Accrued investment income	  	 	615	  	  	 	717	  	  	 	664	  	  	 	694	  	  	 	618	  	
Deferred acquisition costs	  	 	4,896	  	  	 	4,745	  	  	 	4,849	  	  	 	4,870	  	  	 	4,844	  	
Intangible assets	  	 	286	  	  	 	207	  	  	 	250	  	  	 	277	  	  	 	241	  	
Goodwill	  	 	15	  	  	 	15	  	  	 	16	  	  	 	316	  	  	 	867	  	
Reinsurance recoverable	  	 	17,297	  	  	 	17,305	  	  	 	17,314	  	  	 	17,342	  	  	 	17,238	  	
Other assets	  	 	625	  	  	 	518	  	  	 	524	  	  	 	569	  	  	 	537	  	
Separate account assets	  	 	8,702	  	  	 	9,064	  	  	 	9,208	  	  	 	9,420	  	  	 	9,911	  	
Assets held for sale related to discontinued operations (1)	  	 	1,220	  	  	 	1,635	  	  	 	1,809	  	  	 	1,925	  	  	 	2,085	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total assets	  	$	109,164	  	  	$	112,331	  	  	$	111,358	  	  	$	110,514	  	  	$	111,644	  	

 

(1)  	The assets held for sale related to discontinued operations prior to the sale have been segregated in the consolidated balance sheets. The major asset categories for discontinued operations were as follows:	

 	  	June 30,
2015	 	  	March 31,
2015	 	  	December 31,
2014	 	  	September 30,
2014	 	  	June 30,
2014	 	
ASSETS	  				  				  				  				  				
Investments:	  				  				  				  				  				
Fixed maturity securities available-for-sale, at fair value	  	$	1,104	  	  	$	1,037	  	  	$	1,171	  	  	$	1,226	  	  	$	1,277	  	
Equity securities available-for-sale, at fair value	  	 	7	  	  	 	7	  	  	 	7	  	  	 	7	  	  	 	7	  	
Other invested assets	  	 	24	  	  	 	26	  	  	 	52	  	  	 	64	  	  	 	61	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total investments	  	 	1,135	  	  	 	1,070	  	  	 	1,230	  	  	 	1,297	  	  	 	1,345	  	
Cash and cash equivalents	  	 	154	  	  	 	187	  	  	 	202	  	  	 	193	  	  	 	254	  	
Accrued investment income	  	 	20	  	  	 	19	  	  	 	21	  	  	 	25	  	  	 	24	  	
Deferred acquisition costs	  	 	176	  	  	 	173	  	  	 	193	  	  	 	215	  	  	 	241	  	
Intangible assets	  	 	21	  	  	 	20	  	  	 	22	  	  	 	23	  	  	 	25	  	
Reinsurance recoverable	  	 	35	  	  	 	34	  	  	 	32	  	  	 	31	  	  	 	38	  	
Other assets	  	 	137	  	  	 	132	  	  	 	109	  	  	 	141	  	  	 	158	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Assets held for sale related to discontinued operations	  	 	1,678	  	  	 	1,635	  	  	 	1,809	  	  	 	1,925	  	  	 	2,085	  	
Fair value less pension settlement costs and closing costs impairment	  	 	(458	) 	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total assets held for sale related to discontinued operations	  	$	1,220	  	  	$	1,635	  	  	$	1,809	  	  	$	1,925	  	  	$	2,085	  	

10

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
Consolidated Balance Sheets
(amounts in millions)

 	  	June 30,
2015	 	  	March 31,
2015	 	 	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  			 	  				 				 				 				
Liabilities:	  			 	  				 				 				 				
Future policy benefits	  	$	36,298	  	  	$	36,488	  	 	$	35,915	  	 	$	34,697	  	 	$	34,497	  	
Policyholder account balances	  	 	25,987	  	  	 	26,136	  	 	 	26,032	  	 	 	25,816	  	 	 	25,819	  	
Liability for policy and contract claims	  	 	7,990	  	  	 	7,929	  	 	 	7,937	  	 	 	7,880	  	 	 	7,108	  	
Unearned premiums	  	 	3,431	  	  	 	3,321	  	 	 	3,547	  	 	 	3,597	  	 	 	3,650	  	
Other liabilities	  	 	3,136	  	  	 	3,623	  	 	 	3,282	  	 	 	3,274	  	 	 	3,326	  	
Borrowings related to securitization entities	  	 	199	  	  	 	205	  	 	 	219	  	 	 	225	  	 	 	233	  	
Non-recourse funding obligations	  	 	1,967	  	  	 	1,983	  	 	 	1,996	  	 	 	2,010	  	 	 	2,024	  	
Long-term borrowings	  	 	4,607	  	  	 	4,601	  	 	 	4,639	  	 	 	4,662	  	 	 	4,691	  	
Deferred tax liability	  	 	258	  	  	 	1,057	  	 	 	858	  	 	 	825	  	 	 	1,027	  	
Separate account liabilities	  	 	8,702	  	  	 	9,064	  	 	 	9,208	  	 	 	9,420	  	 	 	9,911	  	
Liabilities held for sale related to discontinued operations (1)	  	 	862	  	  	 	843	  	 	 	928	  	 	 	987	  	 	 	1,094	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	93,437	  	  	 	95,250	  	 	 	94,561	  	 	 	93,393	  	 	 	93,380	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  			 	  				 				 				 				
Common stock	  	 	1	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	
Additional paid-in capital	  	 	11,940	  	  	 	11,998	  	 	 	11,997	  	 	 	11,991	  	 	 	11,986	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  			 	  				 				 				 				
Net unrealized investment gains (losses):	  			 	  				 				 				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	1,606	  	  	 	2,724	  	 	 	2,431	  	 	 	2,047	  	 	 	2,109	  	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	22	  	  	 	24	  	 	 	22	  	 	 	20	  	 	 	19	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	1,628	  	  	 	2,748	  	 	 	2,453	  	 	 	2,067	  	 	 	2,128	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	1,913	  	  	 	2,247	  	 	 	2,070	  	 	 	1,753	  	 	 	1,652	  	
Foreign currency translation and other adjustments	  	 	(232	) 	  	 	(303	) 	 	 	(77	) 	 	 	114	  	 	 	381	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income	  	 	3,309	  	  	 	4,692	  	 	 	4,446	  	 	 	3,934	  	 	 	4,161	  	
Retained earnings	  	 	1,140	  	  	 	1,333	  	 	 	1,179	  	 	 	1,939	  	 	 	2,783	  	
Treasury stock, at cost	  	 	(2,700	) 	  	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	13,690	  	  	 	15,324	  	 	 	14,923	  	 	 	15,165	  	 	 	16,231	  	
Noncontrolling interests	  	 	2,037	  	  	 	1,757	  	 	 	1,874	  	 	 	1,956	  	 	 	2,033	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	15,727	  	  	 	17,081	  	 	 	16,797	  	 	 	17,121	  	 	 	18,264	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	109,164	  	  	$	112,331	  	 	$	111,358	  	 	$	110,514	  	 	$	111,644	  	

 

(1)  	The liabilities held for sale related to discontinued operations prior to the sale have been segregated in the consolidated balance sheets. The major liability categories for discontinued operations were as follows:	

 	  	June 30,
2015	 	  	March 31,
2015	 	  	December 31,
2014	 	  	September 30,
2014	 	  	June 30,
2014	 	
LIABILITIES	  				  				  				  				  				
Policyholder account balances	  	$	10	  	  	$	10	  	  	$	11	  	  	$	11	  	  	$	15	  	
Liability for policy and contract claims	  	 	108	  	  	 	101	  	  	 	106	  	  	 	107	  	  	 	116	  	
Unearned premiums	  	 	420	  	  	 	410	  	  	 	439	  	  	 	487	  	  	 	541	  	
Other liabilities	  	 	294	  	  	 	276	  	  	 	322	  	  	 	332	  	  	 	375	  	
Deferred tax liability	  	 	30	  	  	 	46	  	  	 	50	  	  	 	50	  	  	 	47	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Liabilities held for sale related to discontinued operations	  	$	862	  	  	$	843	  	  	$	928	  	  	$	987	  	  	$	1,094	  	

11

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	June 30, 2015	 	
 	  	International
Mortgage
Insurance	 	  	U.S. Mortgage
Insurance	 	 	U.S. Life
Insurance	 	  	Runoff	 	 	Corporate and
Other (1)	 	 	Total	 	
ASSETS	  				  				 				  				 				 				
Cash and investments	  	$	8,114	  	  	$	2,269	  	 	$	60,452	  	  	$	2,678	  	 	$	2,610	  	 	$	76,123	  	
Deferred acquisition costs and intangible assets	  	 	173	  	  	 	26	  	 	 	4,691	  	  	 	298	  	 	 	9	  	 	 	5,197	  	
Reinsurance recoverable	  	 	21	  	  	 	7	  	 	 	16,440	  	  	 	829	  	 	 	—  	  	 	 	17,297	  	
Deferred tax and other assets	  	 	175	  	  	 	39	  	 	 	351	  	  	 	(8	) 	 	 	68	  	 	 	625	  	
Separate account assets	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	8,702	  	 	 	—  	  	 	 	8,702	  	
Assets held for sale related to discontinued operations	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	1,220	  	 	 	1,220	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	8,483	  	  	$	2,341	  	 	$	81,934	  	  	$	12,499	  	 	$	3,907	  	 	$	109,164	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  				  				 				  				 				 				
Liabilities:	  				  				 				  				 				 				
Future policy benefits	  	$	—  	  	  	$	—  	  	 	$	36,294	  	  	$	4	  	 	$	—  	  	 	$	36,298	  	
Policyholder account balances	  	 	—  	  	  	 	—  	  	 	 	22,837	  	  	 	3,150	  	 	 	—  	  	 	 	25,987	  	
Liability for policy and contract claims	  	 	308	  	  	 	996	  	 	 	6,671	  	  	 	15	  	 	 	—  	  	 	 	7,990	  	
Unearned premiums	  	 	2,602	  	  	 	214	  	 	 	608	  	  	 	7	  	 	 	—  	  	 	 	3,431	  	
Non-recourse funding obligations	  	 	—  	  	  	 	—  	  	 	 	1,997	  	  	 	—  	  	 	 	(30	) 	 	 	1,967	  	
Deferred tax and other liabilities	  	 	458	  	  	 	(612	) 	 	 	3,436	  	  	 	(25	) 	 	 	137	  	 	 	3,394	  	
Borrowings and capital securities	  	 	456	  	  	 	—  	  	 	 	—  	  	  	 	12	  	 	 	4,338	  	 	 	4,806	  	
Separate account liabilities	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	8,702	  	 	 	—  	  	 	 	8,702	  	
Liabilities held for sale related to discontinued operations	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	862	  	 	 	862	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	3,824	  	  	 	598	  	 	 	71,843	  	  	 	11,865	  	 	 	5,307	  	 	 	93,437	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  				  				 				  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	2,618	  	  	 	1,731	  	 	 	6,744	  	  	 	650	  	 	 	(1,362	) 	 	 	10,381	  	
Allocated accumulated other comprehensive income (loss)	  	 	4	  	  	 	12	  	 	 	3,347	  	  	 	(16	) 	 	 	(38	) 	 	 	3,309	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	2,622	  	  	 	1,743	  	 	 	10,091	  	  	 	634	  	 	 	(1,400	) 	 	 	13,690	  	
Noncontrolling interests	  	 	2,037	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	2,037	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	4,659	  	  	 	1,743	  	 	 	10,091	  	  	 	634	  	 	 	(1,400	) 	 	 	15,727	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	8,483	  	  	$	2,341	  	 	$	81,934	  	  	$	12,499	  	 	$	3,907	  	 	$	109,164	  	

(1)  	Includes inter-segment eliminations.	
 
12

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Consolidated Balance Sheet by Segment
(amounts in millions)

 	 	March 31, 2015	 	
 	 	International
Mortgage
Insurance	 	 	U.S. Mortgage
Insurance	 	 	U.S. Life
Insurance	 	  	  Runoff  	 	 	Corporate and
Other (1)	 	 	Total	 	
ASSETS	 				 				 				  				 				 				
Cash and investments	 	$	7,918	  	 	$	2,292	  	 	$	62,974	  	  	$	2,681	  	 	$	2,977	  	 	$	78,842	  	
Deferred acquisition costs and intangible assets	 	 	167	  	 	 	23	  	 	 	4,462	  	  	 	304	  	 	 	11	  	 	 	4,967	  	
Reinsurance recoverable	 	 	20	  	 	 	15	  	 	 	16,427	  	  	 	843	  	 	 	—  	  	 	 	17,305	  	
Deferred tax and other assets	 	 	93	  	 	 	37	  	 	 	346	  	  	 	(8	) 	 	 	50	  	 	 	518	  	
Separate account assets	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	9,064	  	 	 	—  	  	 	 	9,064	  	
Assets held for sale related to discontinued operations	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	1,635	  	 	 	1,635	  	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	 	$	8,198	  	 	$	2,367	  	 	$	84,209	  	  	$	12,884	  	 	$	4,673	  	 	$	112,331	  	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	 				 				 				  				 				 				
Liabilities:	 				 				 				  				 				 				
Future policy benefits	 	$	—  	  	 	$	—  	  	 	$	36,484	  	  	$	4	  	 	$	—  	  	 	$	36,488	  	
Policyholder account balances	 	 	—  	  	 	 	—  	  	 	 	22,941	  	  	 	3,195	  	 	 	—  	  	 	 	26,136	  	
Liability for policy and contract claims	 	 	296	  	 	 	1,087	  	 	 	6,531	  	  	 	15	  	 	 	—  	  	 	 	7,929	  	
Unearned premiums	 	 	2,502	  	 	 	198	  	 	 	614	  	  	 	7	  	 	 	—  	  	 	 	3,321	  	
Non-recourse funding obligations	 	 	—  	  	 	 	—  	  	 	 	2,013	  	  	 	—  	  	 	 	(30	) 	 	 	1,983	  	
Deferred tax and other liabilities	 	 	315	  	 	 	(680	) 	 	 	4,329	  	  	 	(209	) 	 	 	925	  	 	 	4,680	  	
Borrowings and capital securities	 	 	450	  	 	 	—  	  	 	 	—  	  	  	 	12	  	 	 	4,344	  	 	 	4,806	  	
Separate account liabilities	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	9,064	  	 	 	—  	  	 	 	9,064	  	
Liabilities held for sale related to discontinued operations	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	843	  	 	 	843	  	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	3,563	  	 	 	605	  	 	 	72,912	  	  	 	12,088	  	 	 	6,082	  	 	 	95,250	  	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	 				 				 				  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	 	 	2,854	  	 	 	1,737	  	 	 	6,567	  	  	 	811	  	 	 	(1,337	) 	 	 	10,632	  	
Allocated accumulated other comprehensive income (loss)	 	 	24	  	 	 	25	  	 	 	4,730	  	  	 	(15	) 	 	 	(72	) 	 	 	4,692	  	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	 	 	2,878	  	 	 	1,762	  	 	 	11,297	  	  	 	796	  	 	 	(1,409	) 	 	 	15,324	  	
Noncontrolling interests	 	 	1,757	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1,757	  	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	 	 	4,635	  	 	 	1,762	  	 	 	11,297	  	  	 	796	  	 	 	(1,409	) 	 	 	17,081	  	
	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	 	$	8,198	  	 	$	2,367	  	 	$	84,209	  	  	$	12,884	  	 	$	4,673	  	 	$	112,331	  	

(1)  	Includes inter-segment eliminations.	
 
13

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Deferred Acquisition Costs Rollforward
(amounts in millions)

 	  	International
Mortgage
Insurance	 	  	U.S. Mortgage
Insurance	 	  	U.S. Life
Insurance (1)	 	  	  Runoff (2)   	 	  	Corporate and
Other	 	  	Total	 	
Unamortized balance as of March 31, 2015	  	$	141	  	  	$	17	  	  	$	4,738	  	  	$	295	  	  	$	—  	  	  	$	5,191	  	
Costs deferred	  	 	16	  	  	 	4	  	  	 	48	  	  	 	1	  	  	 	—  	  	  	 	69	  	
Amortization, net of interest accretion	  	 	(12	) 	  	 	(2	) 	  	 	(64	) 	  	 	(10	) 	  	 	—  	  	  	 	(88	) 	
Impact of foreign currency translation	  	 	2	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	2	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Unamortized balance as of June 30, 2015	  	 	147	  	  	 	19	  	  	 	4,722	  	  	 	286	  	  	 	—  	  	  	 	5,174	  	
Effect of accumulated net unrealized investment (gains) losses	  	 	—  	  	  	 	—  	  	  	 	(274	) 	  	 	(4	) 	  	 	—  	  	  	 	(278	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Balance as of June 30, 2015	  	$	147	  	  	$	19	  	  	$	4,448	  	  	$	282	  	  	$	—  	  	  	$	4,896	  	

(1)  	Amortization, net of interest accretion, included $6 million of amortization related to net investment gains for the policyholder account balances.	
(2)  	Amortization, net of interest accretion, included $8 million of amortization related to net investment gains for the policyholder account balances.	
 
14

 
Global Mortgage Insurance Division

15

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 Net Operating Income—Global Mortgage Insurance Division
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				
Premiums	 	$	364	  	 	$	365	  	 	$	729	  	 	$	387	  	 	$	388	  	 	$	381	  	 	$	372	  	 	$	1,528	  	
Net investment income	 	 	76	  	 	 	85	  	 	 	161	  	 	 	87	  	 	 	97	  	 	 	86	  	 	 	92	  	 	 	362	  	
Net investment gains (losses)	 	 	20	  	 	 	(17	) 	 	 	3	  	 	 	(4	) 	 	 	(4	) 	 	 	12	  	 	 	(3	) 	 	 	1	  	
Insurance and investment product fees and other	 	 	1	  	 	 	(2	) 	 	 	(1	) 	 	 	(4	) 	 	 	(7	) 	 	 	(3	) 	 	 	2	  	 	 	(12	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	461	  	 	 	431	  	 	 	892	  	 	 	466	  	 	 	474	  	 	 	476	  	 	 	463	  	 	 	1,879	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	99	  	 	 	94	  	 	 	193	  	 	 	145	  	 	 	199	  	 	 	107	  	 	 	110	  	 	 	561	  	
Acquisition and operating expenses, net of deferrals	 	 	94	  	 	 	79	  	 	 	173	  	 	 	101	  	 	 	87	  	 	 	93	  	 	 	82	  	 	 	363	  	
Amortization of deferred acquisition costs and intangibles	 	 	16	  	 	 	16	  	 	 	32	  	 	 	16	  	 	 	16	  	 	 	17	  	 	 	17	  	 	 	66	  	
Interest expense	 	 	6	  	 	 	7	  	 	 	13	  	 	 	7	  	 	 	8	  	 	 	8	  	 	 	8	  	 	 	31	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	215	  	 	 	196	  	 	 	411	  	 	 	269	  	 	 	310	  	 	 	225	  	 	 	217	  	 	 	1,021	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	246	  	 	 	235	  	 	 	481	  	 	 	197	  	 	 	164	  	 	 	251	  	 	 	246	  	 	 	858	  	
Provision for income taxes	 	 	75	  	 	 	75	  	 	 	150	  	 	 	237	  	 	 	24	  	 	 	61	  	 	 	80	  	 	 	402	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	171	  	 	 	160	  	 	 	331	  	 	 	(40	) 	 	 	140	  	 	 	190	  	 	 	166	  	 	 	456	  	
Less: net income attributable to noncontrolling interests	 	 	54	  	 	 	50	  	 	 	104	  	 	 	52	  	 	 	57	  	 	 	52	  	 	 	35	  	 	 	196	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	 	117	  	 	 	110	  	 	 	227	  	 	 	(92	) 	 	 	83	  	 	 	138	  	 	 	131	  	 	 	260	  	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	 			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	(7	) 	 	 	6	  	 	 	(1	) 	 	 	1	  	 	 	2	  	 	 	(4	) 	 	 	1	  	 	 	—  	  	
(Gains) losses on early extinguishment of debt, net	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	
Tax impact from potential business portfolio changes	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	174	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	174	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1)	 	$	110	  	 	$	116	  	 	$	226	  	 	$	83	  	 	$	85	  	 	$	136	  	 	$	132	  	 	$	436	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income) (2)	 	 	32.3	% 	 	 	33.0 	% (3)  	 	 	32.7	% 	 	 	34.0	% 	 	 	11.3	% 	 	 	23.3	% 	 	 	33.9	% 	 	 	27.2	% 	

(1)	Net operating income adjusted for foreign exchange as compared to the prior year period for the Global Mortgage Insurance Division was $121 million and $245 million for the three and six months ended June 30, 2015, respectively.	
(2)	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.	
(3)	The operating income effective tax rate for the first quarter of 2015 has been re-presented related to the tax associated with noncontrolling interests. There was no impact on the company’s total operating income effective tax rate as the offset was in Corporate and Other activities due to the tax allocation process.	
 
16

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income (Loss)—Global Mortgage Insurance Division
(amounts in millions)

 	  	International Mortgage Insurance Segment	 	 	 	 	 	 	 	
Three months ended June 30, 2015	  	Canada	 	  	Australia	 	 	Other
Countries	 	 	Total International
Mortgage Insurance
Segment	 	 	U.S. Mortgage
Insurance
Segment	 	 	Total	 	
REVENUES:	  				  				 				 				 				 			 	
Premiums	  	$	116	  	  	$	90	  	 	$	5	  	 	$	211	  	 	$	153	  	 	$	364	  	
Net investment income	  	 	33	  	  	 	29	  	 	 	1	  	 	 	63	  	 	 	13	  	 	 	76	  	
Net investment gains (losses)	  	 	20	  	  	 	—  	  	 	 	—  	  	 	 	20	  	 	 	—  	  	 	 	20	  	
Insurance and investment product fees and other	  	 	—  	  	  	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	169	  	  	 	120	  	 	 	6	  	 	 	295	  	 	 	166	  	 	 	461	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	21	  	  	 	25	  	 	 	3	  	 	 	49	  	 	 	50	  	 	 	99	  	
Acquisition and operating expenses, net of deferrals	  	 	22	  	  	 	25	  	 	 	9	  	 	 	56	  	 	 	38	  	 	 	94	  	
Amortization of deferred acquisition costs and intangibles	  	 	9	  	  	 	5	  	 	 	—  	  	 	 	14	  	 	 	2	  	 	 	16	  	
Interest expense	  	 	4	  	  	 	2	  	 	 	—  	  	 	 	6	  	 	 	—  	  	 	 	6	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	56	  	  	 	57	  	 	 	12	  	 	 	125	  	 	 	90	  	 	 	215	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	113	  	  	 	63	  	 	 	(6	) 	 	 	170	  	 	 	76	  	 	 	246	  	
Provision (benefit) for income taxes	  	 	31	  	  	 	18	  	 	 	(1	) 	 	 	48	  	 	 	27	  	 	 	75	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	82	  	  	 	45	  	 	 	(5	) 	 	 	122	  	 	 	49	  	 	 	171	  	
Less: net income attributable to noncontrolling interests	  	 	38	  	  	 	16	  	 	 	—  	  	 	 	54	  	 	 	—  	  	 	 	54	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	44	  	  	 	29	  	 	 	(5	) 	 	 	68	  	 	 	49	  	 	 	117	  	
						 	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  				  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(7	) 	  	 	—  	  	 	 	—  	  	 	 	(7	) 	 	 	—  	  	 	 	(7	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	37	  	  	$	29	  	 	$	(5	) 	 	$	61	  	 	$	49	  	 	$	110	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income (loss))	  	 	27.3	% 	  	 	29.5	% 	 	 	10.0	% 	 	 	29.2	% 	 	 	35.6	% 	 	 	32.3	% 	
				
 	  	International Mortgage Insurance Segment	 	 	 	 	 	 	 	
Three months ended June 30, 2014	  	Canada	 	  	Australia	 	 	Other
Countries	 	 	Total International
Mortgage Insurance
Segment	 	 	U.S. Mortgage
Insurance
Segment	 	 	Total	 	
REVENUES:	  				  				 				 				 				 			 	
Premiums	  	$	128	  	  	$	102	  	 	$	7	  	 	$	237	  	 	$	144	  	 	$	381	  	
Net investment income	  	 	39	  	  	 	36	  	 	 	—  	  	 	 	75	  	 	 	11	  	 	 	86	  	
Net investment gains (losses)	  	 	12	  	  	 	—  	  	 	 	—  	  	 	 	12	  	 	 	—  	  	 	 	12	  	
Insurance and investment product fees and other	  	 	1	  	  	 	(4	) 	 	 	(1	) 	 	 	(4	) 	 	 	1	  	 	 	(3	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	180	  	  	 	134	  	 	 	6	  	 	 	320	  	 	 	156	  	 	 	476	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	15	  	  	 	24	  	 	 	6	  	 	 	45	  	 	 	62	  	 	 	107	  	
Acquisition and operating expenses, net of deferrals	  	 	28	  	  	 	23	  	 	 	8	  	 	 	59	  	 	 	34	  	 	 	93	  	
Amortization of deferred acquisition costs and intangibles	  	 	9	  	  	 	6	  	 	 	—  	  	 	 	15	  	 	 	2	  	 	 	17	  	
Interest expense	  	 	6	  	  	 	2	  	 	 	—  	  	 	 	8	  	 	 	—  	  	 	 	8	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	58	  	  	 	55	  	 	 	14	  	 	 	127	  	 	 	98	  	 	 	225	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	122	  	  	 	79	  	 	 	(8	) 	 	 	193	  	 	 	58	  	 	 	251	  	
Provision (benefit) for income taxes	  	 	32	  	  	 	11	  	 	 	(1	) 	 	 	42	  	 	 	19	  	 	 	61	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	90	  	  	 	68	  	 	 	(7	) 	 	 	151	  	 	 	39	  	 	 	190	  	
Less: net income attributable to noncontrolling interests	  	 	41	  	  	 	11	  	 	 	—  	  	 	 	52	  	 	 	—  	  	 	 	52	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	49	  	  	 	57	  	 	 	(7	) 	 	 	99	  	 	 	39	  	 	 	138	  	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  				  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(4	) 	  	 	—  	  	 	 	—  	  	 	 	(4	) 	 	 	—  	  	 	 	(4	) 	
(Gains) losses on early extinguishment of debt, net	  	 	2	  	  	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	47	  	  	$	57	  	 	$	(7	) 	 	$	97	  	 	$	39	  	 	$	136	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income (loss))	  	 	26.3	% 	  	 	10.4	% 	 	 	11.3	% 	 	 	18.8	% 	 	 	32.4	% 	 	 	23.3	% 	
 
17

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income (Loss)—Global Mortgage Insurance Division
(amounts in millions)

 	  	International Mortgage Insurance Segment	 	 	 	 	 	 	 	
Six months ended June 30, 2015	  	Canada	 	  	Australia	 	 	Other
Countries	 	 	Total International
Mortgage Insurance
Segment	 	 	U.S. Mortgage
Insurance
Segment	 	 	Total	 	
REVENUES:	  				  				 				 				 				 			 	
Premiums	  	$	235	  	  	$	179	  	 	$	12	  	 	$	426	  	 	$	303	  	 	$	729	  	
Net investment income	  	 	67	  	  	 	61	  	 	 	1	  	 	 	129	  	 	 	32	  	 	 	161	  	
Net investment gains (losses)	  	 	2	  	  	 	1	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	3	  	
Insurance and investment product fees and other	  	 	1	  	  	 	(3	) 	 	 	—  	  	 	 	(2	) 	 	 	1	  	 	 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	305	  	  	 	238	  	 	 	13	  	 	 	556	  	 	 	336	  	 	 	892	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	46	  	  	 	39	  	 	 	8	  	 	 	93	  	 	 	100	  	 	 	193	  	
Acquisition and operating expenses, net of deferrals	  	 	34	  	  	 	47	  	 	 	17	  	 	 	98	  	 	 	75	  	 	 	173	  	
Amortization of deferred acquisition costs and intangibles	  	 	18	  	  	 	10	  	 	 	—  	  	 	 	28	  	 	 	4	  	 	 	32	  	
Interest expense	  	 	9	  	  	 	4	  	 	 	—  	  	 	 	13	  	 	 	—  	  	 	 	13	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	107	  	  	 	100	  	 	 	25	  	 	 	232	  	 	 	179	  	 	 	411	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	198	  	  	 	138	  	 	 	(12	) 	 	 	324	  	 	 	157	  	 	 	481	  	
Provision (benefit) for income taxes	  	 	53	  	  	 	42	  	 	 	(1	) 	 	 	94	  	 	 	56	  	 	 	150	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	145	  	  	 	96	  	 	 	(11	) 	 	 	230	  	 	 	101	  	 	 	331	  	
Less: net income attributable to noncontrolling interests	  	 	67	  	  	 	37	  	 	 	—  	  	 	 	104	  	 	 	—  	  	 	 	104	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	78	  	  	 	59	  	 	 	(11	) 	 	 	126	  	 	 	101	  	 	 	227	  	
						 	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  				  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(1	) 	  	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	77	  	  	$	59	  	 	$	(11	) 	 	$	125	  	 	$	101	  	 	$	226	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income (loss))	  	 	27.6	% 	  	 	30.0	% 	 	 	7.0	% 	 	 	30.0	% 	 	 	35.7	% 	 	 	32.7	% 	
				
 	  	International Mortgage Insurance Segment	 	 	 	 	 	 	 	
Six months ended June 30, 2014	  	Canada	 	  	Australia	 	 	Other
Countries	 	 	Total International
Mortgage Insurance
Segment	 	 	U.S. Mortgage
Insurance
Segment	 	 	Total	 	
REVENUES:	  				  				 				 				 				 			 	
Premiums	  	$	258	  	  	$	199	  	 	$	15	  	 	$	472	  	 	$	281	  	 	$	753	  	
Net investment income	  	 	78	  	  	 	70	  	 	 	1	  	 	 	149	  	 	 	29	  	 	 	178	  	
Net investment gains (losses)	  	 	9	  	  	 	—  	  	 	 	—  	  	 	 	9	  	 	 	—  	  	 	 	9	  	
Insurance and investment product fees and other	  	 	3	  	  	 	(4	) 	 	 	(1	) 	 	 	(2	) 	 	 	1	  	 	 	(1	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	348	  	  	 	265	  	 	 	15	  	 	 	628	  	 	 	311	  	 	 	939	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	41	  	  	 	41	  	 	 	10	  	 	 	92	  	 	 	125	  	 	 	217	  	
Acquisition and operating expenses, net of deferrals	  	 	49	  	  	 	42	  	 	 	17	  	 	 	108	  	 	 	67	  	 	 	175	  	
Amortization of deferred acquisition costs and intangibles	  	 	19	  	  	 	11	  	 	 	—  	  	 	 	30	  	 	 	4	  	 	 	34	  	
Interest expense	  	 	11	  	  	 	5	  	 	 	—  	  	 	 	16	  	 	 	—  	  	 	 	16	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	120	  	  	 	99	  	 	 	27	  	 	 	246	  	 	 	196	  	 	 	442	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	228	  	  	 	166	  	 	 	(12	) 	 	 	382	  	 	 	115	  	 	 	497	  	
Provision (benefit) for income taxes	  	 	63	  	  	 	36	  	 	 	(1	) 	 	 	98	  	 	 	43	  	 	 	141	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	165	  	  	 	130	  	 	 	(11	) 	 	 	284	  	 	 	72	  	 	 	356	  	
Less: net income attributable to noncontrolling interests	  	 	76	  	  	 	11	  	 	 	—  	  	 	 	87	  	 	 	—  	  	 	 	87	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	89	  	  	 	119	  	 	 	(11	) 	 	 	197	  	 	 	72	  	 	 	269	  	
						 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  				  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(3	) 	  	 	—  	  	 	 	—  	  	 	 	(3	) 	 	 	—  	  	 	 	(3	) 	
(Gains) losses on early extinguishment of debt, net	  	 	2	  	  	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	88	  	  	$	119	  	 	$	(11	) 	 	$	196	  	 	$	72	  	 	$	268	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income (loss))	  	 	28.8	% 	  	 	21.2	% 	 	 	11.0	% 	 	 	25.3	% 	 	 	37.2	% 	 	 	28.9	% 	
 
18

International Mortgage Insurance Segment
 
19

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
Net Operating Income—International Mortgage Insurance Segment
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	     2Q     	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				
Premiums	 	$	211	  	 	$	215	  	 	$	426	  	 	$	236	  	 	$	242	  	 	$	237	  	 	$	235	  	 	$	950	  	
Net investment income	 	 	63	  	 	 	66	  	 	 	129	  	 	 	76	  	 	 	78	  	 	 	75	  	 	 	74	  	 	 	303	  	
Net investment gains (losses)	 	 	20	  	 	 	(17	) 	 	 	3	  	 	 	(4	) 	 	 	(4	) 	 	 	12	  	 	 	(3	) 	 	 	1	  	
Insurance and investment product fees and other	 	 	1	  	 	 	(3	) 	 	 	(2	) 	 	 	(5	) 	 	 	(7	) 	 	 	(4	) 	 	 	2	  	 	 	(14	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	295	  	 	 	261	  	 	 	556	  	 	 	303	  	 	 	309	  	 	 	320	  	 	 	308	  	 	 	1,240	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	49	  	 	 	44	  	 	 	93	  	 	 	54	  	 	 	58	  	 	 	45	  	 	 	47	  	 	 	204	  	
Acquisition and operating expenses, net of deferrals	 	 	56	  	 	 	42	  	 	 	98	  	 	 	63	  	 	 	52	  	 	 	59	  	 	 	49	  	 	 	223	  	
Amortization of deferred acquisition costs and intangibles	 	 	14	  	 	 	14	  	 	 	28	  	 	 	14	  	 	 	15	  	 	 	15	  	 	 	15	  	 	 	59	  	
Interest expense	 	 	6	  	 	 	7	  	 	 	13	  	 	 	7	  	 	 	8	  	 	 	8	  	 	 	8	  	 	 	31	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	125	  	 	 	107	  	 	 	232	  	 	 	138	  	 	 	133	  	 	 	127	  	 	 	119	  	 	 	517	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	170	  	 	 	154	  	 	 	324	  	 	 	165	  	 	 	176	  	 	 	193	  	 	 	189	  	 	 	723	  	
Provision for income taxes	 	 	48	  	 	 	46	  	 	 	94	  	 	 	226	  	 	 	34	  	 	 	42	  	 	 	56	  	 	 	358	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	122	  	 	 	108	  	 	 	230	  	 	 	(61	) 	 	 	142	  	 	 	151	  	 	 	133	  	 	 	365	  	
Less: net income attributable to noncontrolling interests	 	 	54	  	 	 	50	  	 	 	104	  	 	 	52	  	 	 	57	  	 	 	52	  	 	 	35	  	 	 	196	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	 	68	  	 	 	58	  	 	 	126	  	 	 	(113	) 	 	 	85	  	 	 	99	  	 	 	98	  	 	 	169	  	
	 								
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	 			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	(7	) 	 	 	6	  	 	 	(1	) 	 	 	1	  	 	 	2	  	 	 	(4	) 	 	 	1	  	 	 	—  	  	
(Gains) losses on early extinguishment of debt, net	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	
Tax impact from potential business portfolio changes	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	174	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	174	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1)	 	$	61	  	 	$	64	  	 	$	125	  	 	$	62	  	 	$	87	  	 	$	97	  	 	$	99	  	 	$	345	  	

Effective tax rate (operating income)	 	 	29.2	% 	 	 	30.7 	% (2)  	 	 	30.0	% 	 	 	34.5	% 	 	 	19.0	% 	 	 	18.8	% 	 	 	30.7	% 	 	 	25.7	% 	

(1)  	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Mortgage Insurance segment was $72 million and $144 million for the three and six months ended June 30, 2015, respectively.	
(2)  	The operating income effective tax rate for the first quarter of 2015 has been re-presented related to the tax associated with noncontrolling interests. There was no impact on the company’s total operating income effective tax rate as the offset was in Corporate and Other activities due to the tax allocation process.	
 
20

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income and Sales—International Mortgage Insurance Segment—Canada
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	     2Q     	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				
Premiums	 	$	116	  	 	$	119	  	 	$	235	  	 	$	127	  	 	$	130	  	 	$	128	  	 	$	130	  	 	$	515	  	
Net investment income	 	 	33	  	 	 	34	  	 	 	67	  	 	 	38	  	 	 	39	  	 	 	39	  	 	 	39	  	 	 	155	  	
Net investment gains (losses)	 	 	20	  	 	 	(18	) 	 	 	2	  	 	 	(7	) 	 	 	(4	) 	 	 	12	  	 	 	(3	) 	 	 	(2	) 	
Insurance and investment product fees and other	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	(2	) 	 	 	1	  	 	 	2	  	 	 	1	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	169	  	 	 	136	  	 	 	305	  	 	 	158	  	 	 	163	  	 	 	180	  	 	 	168	  	 	 	669	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	21	  	 	 	25	  	 	 	46	  	 	 	33	  	 	 	28	  	 	 	15	  	 	 	26	  	 	 	102	  	
Acquisition and operating expenses, net of deferrals	 	 	22	  	 	 	12	  	 	 	34	  	 	 	23	  	 	 	18	  	 	 	28	  	 	 	21	  	 	 	90	  	
Amortization of deferred acquisition costs and intangibles	 	 	9	  	 	 	9	  	 	 	18	  	 	 	9	  	 	 	10	  	 	 	9	  	 	 	10	  	 	 	38	  	
Interest expense	 	 	4	  	 	 	5	  	 	 	9	  	 	 	5	  	 	 	5	  	 	 	6	  	 	 	5	  	 	 	21	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	56	  	 	 	51	  	 	 	107	  	 	 	70	  	 	 	61	  	 	 	58	  	 	 	62	  	 	 	251	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	113	  	 	 	85	  	 	 	198	  	 	 	88	  	 	 	102	  	 	 	122	  	 	 	106	  	 	 	418	  	
Provision for income taxes	 	 	31	  	 	 	22	  	 	 	53	  	 	 	24	  	 	 	24	  	 	 	32	  	 	 	31	  	 	 	111	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	82	  	 	 	63	  	 	 	145	  	 	 	64	  	 	 	78	  	 	 	90	  	 	 	75	  	 	 	307	  	
Less: net income attributable to noncontrolling interests	 	 	38	  	 	 	29	  	 	 	67	  	 	 	30	  	 	 	34	  	 	 	41	  	 	 	35	  	 	 	140	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	 	44	  	 	 	34	  	 	 	78	  	 	 	34	  	 	 	44	  	 	 	49	  	 	 	40	  	 	 	167	  	
	 								
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	 			 	 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	(7	) 	 	 	6	  	 	 	(1	) 	 	 	2	  	 	 	2	  	 	 	(4	) 	 	 	1	  	 	 	1	  	
(Gains) losses on early extinguishment of debt, net	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1)	 	$	37	  	 	$	40	  	 	$	77	  	 	$	36	  	 	$	46	  	 	$	47	  	 	$	41	  	 	$	170	  	

Effective tax rate (operating income)	 	 	27.3	% 	 	 	27.9 	% (2)  	 	 	27.6	% 	 	 	29.4	% 	 	 	21.2	% 	 	 	26.3	% 	 	 	31.6	% 	 	 	27.1	% 	
									
SALES:	 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	 				 				 				 				 				 				 				 				
Flow	 	$	5,400	  	 	$	3,300	  	 	$	8,700	  	 	$	5,500	  	 	$	6,800	  	 	$	5,000	  	 	$	2,900	  	 	$	20,200	  	
Bulk	 	 	3,300	  	 	 	5,000	  	 	 	8,300	  	 	 	2,300	  	 	 	5,600	  	 	 	7,500	  	 	 	2,900	  	 	 	18,300	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Canada NIW (3)	 	$	8,700	  	 	$	8,300	  	 	$	17,000	  	 	$	7,800	  	 	$	12,400	  	 	$	12,500	  	 	$	5,800	  	 	$	38,500	  	

 

(1)  	Net operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $43 million and $87 million for the three and six months ended June 30, 2015, respectively.	
(2)  	The operating income effective tax rate for the first quarter of 2015 has been re-presented related to the tax associated with noncontrolling interests. There was no impact on the company’s total operating income effective tax rate as the offset was in Corporate and Other activities due to the tax allocation process.	
(3)  	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $9,800 million and $18,900 million for the three and six months ended June 30, 2015, respectively.	
 
21

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income and Sales—International Mortgage Insurance Segment—Australia
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				
Premiums	  	$	90	  	  	$	89	  	 	$	179	  	 	$	102	  	 	$	105	  	 	$	102	  	 	$	97	  	 	$	406	  	
Net investment income	  	 	29	  	  	 	32	  	 	 	61	  	 	 	36	  	 	 	38	  	 	 	36	  	 	 	34	  	 	 	144	  	
Net investment gains (losses)	  	 	—  	  	  	 	1	  	 	 	1	  	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	
Insurance and investment product fees and other	  	 	1	  	  	 	(4	) 	 	 	(3	) 	 	 	(5	) 	 	 	(7	) 	 	 	(4	) 	 	 	—  	  	 	 	(16	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	120	  	  	 	118	  	 	 	238	  	 	 	136	  	 	 	136	  	 	 	134	  	 	 	131	  	 	 	537	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	25	  	  	 	14	  	 	 	39	  	 	 	15	  	 	 	22	  	 	 	24	  	 	 	17	  	 	 	78	  	
Acquisition and operating expenses, net of deferrals	  	 	25	  	  	 	22	  	 	 	47	  	 	 	30	  	 	 	25	  	 	 	23	  	 	 	19	  	 	 	97	  	
Amortization of deferred acquisition costs and intangibles	  	 	5	  	  	 	5	  	 	 	10	  	 	 	5	  	 	 	5	  	 	 	6	  	 	 	5	  	 	 	21	  	
Interest expense	  	 	2	  	  	 	2	  	 	 	4	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	3	  	 	 	10	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	57	  	  	 	43	  	 	 	100	  	 	 	52	  	 	 	55	  	 	 	55	  	 	 	44	  	 	 	206	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	63	  	  	 	75	  	 	 	138	  	 	 	84	  	 	 	81	  	 	 	79	  	 	 	87	  	 	 	331	  	
Provision for income taxes	  	 	18	  	  	 	24	  	 	 	42	  	 	 	202	  	 	 	10	  	 	 	11	  	 	 	25	  	 	 	248	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	45	  	  	 	51	  	 	 	96	  	 	 	(118	) 	 	 	71	  	 	 	68	  	 	 	62	  	 	 	83	  	
Less: net income attributable to noncontrolling interests	  	 	16	  	  	 	21	  	 	 	37	  	 	 	22	  	 	 	23	  	 	 	11	  	 	 	—  	  	 	 	56	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	29	  	  	 	30	  	 	 	59	  	 	 	(140	) 	 	 	48	  	 	 	57	  	 	 	62	  	 	 	27	  	
	 								
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	  				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Tax impact from potential business portfolio changes	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	174	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	174	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1)	  	$	29	  	  	$	30	  	 	$	59	  	 	$	33	  	 	$	48	  	 	$	57	  	 	$	62	  	 	$	200	  	

Effective tax rate (operating income)	  	 	29.5	% 	  	 	30.5 	% (2)  	 	 	30.0	% 	 	 	34.8	% 	 	 	14.2	% 	 	 	10.4	% 	 	 	29.0	% 	 	 	22.3	% 	
									
SALES:	  				  				 				 				 				 				 				 				
New Insurance Written (NIW)	  				  				 				 				 				 				 				 				
Flow	  	$	6,500	  	  	$	5,800	  	 	$	12,300	  	 	$	8,000	  	 	$	8,100	  	 	$	7,900	  	 	$	7,800	  	 	$	31,800	  	
Bulk	  	 	1,700	  	  	 	—  	  	 	 	1,700	  	 	 	100	  	 	 	1,000	  	 	 	—  	  	 	 	—  	  	 	 	1,100	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Australia NIW (3)	  	$	8,200	  	  	$	5,800	  	 	$	14,000	  	 	$	8,100	  	 	$	9,100	  	 	$	7,900	  	 	$	7,800	  	 	$	32,900	  	

 

(1)	Net operating income for the Australian platform adjusted for foreign exchange as compared to the prior year period was $34 million and $68 million for the three and six months ended June 30, 2015, respectively.	
(2)  	The operating income effective tax rate for the first quarter of 2015 has been re-presented related to the tax associated with noncontrolling interests. There was no impact on the company’s total operating income effective tax rate as the offset was in Corporate and Other activities due to the tax allocation process.	
(3)  	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $9,700 million and $16,200 million for the three and six months ended June 30, 2015, respectively.	
 
22

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Loss and Sales—International Mortgage Insurance Segment—Other Countries
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	     2Q     	 	 	1Q	 	 	Total	 	 	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	 				 				 				  				  				  				  				
Premiums	  	$	5	  	 	$	7	  	 	$	12	  	 	$	7	  	  	$	7	  	  	$	7	  	  	$	8	  	  	$	29	  	
Net investment income	  	 	1	  	 	 	—  	  	 	 	1	  	 	 	2	  	  	 	1	  	  	 	—  	  	  	 	1	  	  	 	4	  	
Net investment gains (losses)	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Insurance and investment product fees and other	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	2	  	  	 	(1	) 	  	 	—  	  	  	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	6	  	 	 	7	  	 	 	13	  	 	 	9	  	  	 	10	  	  	 	6	  	  	 	9	  	  	 	34	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				  				  				  				  				
Benefits and other changes in policy reserves	  	 	3	  	 	 	5	  	 	 	8	  	 	 	6	  	  	 	8	  	  	 	6	  	  	 	4	  	  	 	24	  	
Acquisition and operating expenses, net of deferrals	  	 	9	  	 	 	8	  	 	 	17	  	 	 	10	  	  	 	9	  	  	 	8	  	  	 	9	  	  	 	36	  	
Amortization of deferred acquisition costs and intangibles	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Interest expense	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	12	  	 	 	13	  	 	 	25	  	 	 	16	  	  	 	17	  	  	 	14	  	  	 	13	  	  	 	60	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(6	) 	 	 	(6	) 	 	 	(12	) 	 	 	(7	) 	  	 	(7	) 	  	 	(8	) 	  	 	(4	) 	  	 	(26	) 	
Provision (benefit) for income taxes	  	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	—  	  	  	 	—  	  	  	 	(1	) 	  	 	—  	  	  	 	(1	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
LOSS FROM CONTINUING OPERATIONS	  	 	(5	) 	 	 	(6	) 	 	 	(11	) 	 	 	(7	) 	  	 	(7	) 	  	 	(7	) 	  	 	(4	) 	  	 	(25	) 	
Less: net income attributable to noncontrolling interests	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	 	(5	) 	 	 	(6	) 	 	 	(11	) 	 	 	(7	) 	  	 	(7	) 	  	 	(7	) 	  	 	(4	) 	  	 	(25	) 	
	 								
ADJUSTMENT TO LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	  			 	 				 				 				  				  				  				  				
Net investment (gains) losses, net	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING LOSS (1)	  	$	(5	) 	 	$	(6	) 	 	$	(11	) 	 	$	(7	) 	  	$	(7	) 	  	$	(7	) 	  	$	(4	) 	  	$	(25	) 	

Effective tax rate (operating loss)	  	 	10.0	% 	 	 	4.9	% 	 	 	7.0	% 	 	 	-4.2	% 	  	 	-2.2	% 	  	 	11.3	% 	  	 	10.3	% 	  	 	3.8	% 	
									
SALES:	  				 				 				 				  				  				  				  				
New Insurance Written (NIW)	  				 				 				 				  				  				  				  				
Flow	  	$	500	  	 	$	400	  	 	$	900	  	 	$	500	  	  	$	400	  	  	$	500	  	  	$	400	  	  	$	1,800	  	
Bulk	  	 	—  	  	 	 	200	  	 	 	200	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Other Countries NIW (2)	  	$	500	  	 	$	600	  	 	$	1,100	  	 	$	500	  	  	$	400	  	  	$	500	  	  	$	400	  	  	$	1,800	  	

 

(1)  	Net operating loss for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $5 million and $11 million for the three and six months ended June 30, 2015, 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 $1,300 million for the three and six months ended June 30, 2015, respectively.	
 
23

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Selected Key Performance Measures—International Mortgage Insurance Segment
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	     2Q     	 	  	1Q	 	  	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  			 	  				  				 				 				 				 				 				
Canada	  	$	166	  	  	$	109	  	  	$	275	  	 	$	160	  	 	$	200	  	 	$	146	  	 	$	77	  	 	$	583	  	
Australia	  	 	107	  	  	 	87	  	  	 	194	  	 	 	128	  	 	 	130	  	 	 	125	  	 	 	126	  	 	 	509	  	
Other Countries (1)	  	 	6	  	  	 	6	  	  	 	12	  	 	 	6	  	 	 	6	  	 	 	1	  	 	 	6	  	 	 	19	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Net Premiums Written	  	$	279	  	  	$	202	  	  	$	481	  	 	$	294	  	 	$	336	  	 	$	272	  	 	$	209	  	 	$	1,111	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (2)	  			 	  				  				 				 				 				 				 				
Canada	  	 	17	% 	  	 	22	% 	  	 	19	% 	 	 	26	% 	 	 	21	% 	 	 	12	% 	 	 	20	% 	 	 	20	% 	
Australia (3)	  	 	28	% 	  	 	15	% 	  	 	22	% 	 	 	15	% 	 	 	21	% 	 	 	23	% 	 	 	17	% 	 	 	19	% 	
Other Countries	  	 	43	% 	  	 	81	% 	  	 	63	% 	 	 	84	% 	 	 	105	% 	 	 	90	% 	 	 	55	% 	 	 	83	% 	
Total Loss Ratio	  	 	23	% 	  	 	21	% 	  	 	22	% 	 	 	23	% 	 	 	24	% 	 	 	19	% 	 	 	20	% 	 	 	21	% 	
	 	 							
GAAP Basis Expense Ratio (4)	  			 	  				  				 				 				 				 				 				
Canada (5)	  	 	27	% 	  	 	18	% 	  	 	22	% 	 	 	26	% 	 	 	22	% 	 	 	29	% 	 	 	23	% 	 	 	25	% 	
Australia	  	 	33	% 	  	 	30	% 	  	 	32	% 	 	 	34	% 	 	 	28	% 	 	 	28	% 	 	 	25	% 	 	 	29	% 	
Other Countries (1)	  	 	143	% 	  	 	125	% 	  	 	134	% 	 	 	115	% 	 	 	126	% 	 	 	131	% 	 	 	107	% 	 	 	120	% 	
Total GAAP Basis Expense Ratio	  	 	33	% 	  	 	26	% 	  	 	30	% 	 	 	32	% 	 	 	28	% 	 	 	32	% 	 	 	27	% 	 	 	30	% 	
	 	 							
Adjusted Expense Ratio (6)	  			 	  				  				 				 				 				 				 				
Canada (7)	  	 	19	% 	  	 	20	% 	  	 	19	% 	 	 	20	% 	 	 	14	% 	 	 	26	% 	 	 	39	% 	 	 	22	% 	
Australia	  	 	28	% 	  	 	31	% 	  	 	29	% 	 	 	27	% 	 	 	23	% 	 	 	23	% 	 	 	20	% 	 	 	23	% 	
Other Countries (1)	  	 	135	% 	  	 	132	% 	  	 	134	% 	 	 	132	% 	 	 	150	% 	 	 	NM	(8)  	 	 	142	% 	 	 	186	% 	
Total Adjusted Expense Ratio	  	 	25	% 	  	 	28	% 	  	 	26	% 	 	 	26	% 	 	 	20	% 	 	 	28	% 	 	 	30	% 	 	 	25	% 	
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 $300 million, $271 million, $296 million, $290 million, $298 million and $282 million of risk in-force in Europe ceded under quota share reinsurance agreements as of June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014, June 30, 2014 and March 31, 2014, respectively.	
(2)  	The ratio of incurred losses and loss adjustment expense to net earned premiums.	
(3)  	During the first quarter of 2015, the company accrued a $7 million pre-tax receivable for expected recoveries relating to paid claims reflecting its experience of successful borrower recovery activity, which favorably impacted the loss ratio by nine points.	
(4)  	The ratio of an insurer’s general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.	
(5)  	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.	
(6)  	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.	
(7)  	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.	
(8)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
24

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Selected Key Performance Measures—International Mortgage Insurance Segment
(amounts in millions)

 	 	2015	 	  	2014	 	
 	 	     2Q     	 	  	1Q	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	
Primary Insurance In-Force	 			 	  				  				  				  				  				
Canada (1)	 	$	300,900	  	  	$	288,800	  	  	$	306,600	  	  	$	310,800	  	  	$	314,500	  	  	$	291,900	  	
Australia	 	 	243,800	  	  	 	240,900	  	  	 	256,000	  	  	 	271,100	  	  	 	288,500	  	  	 	281,000	  	
Other Countries	 	 	20,500	  	  	 	19,800	  	  	 	21,900	  	  	 	23,900	  	  	 	26,000	  	  	 	26,200	  	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Primary Insurance In-Force	 	$	565,200	  	  	$	549,500	  	  	$	584,500	  	  	$	605,800	  	  	$	629,000	  	  	$	599,100	  	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Primary Risk In-Force (2)	 			 	  				  				  				  				  				
Canada	 			 	  				  				  				  				  				
Flow	 	$	78,500	  	  	$	75,700	  	  	$	81,300	  	  	$	82,600	  	  	$	84,500	  	  	$	80,100	  	
Bulk	 	 	26,800	  	  	 	25,400	  	  	 	26,000	  	  	 	26,200	  	  	 	25,600	  	  	 	22,100	  	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Canada	 	 	105,300	  	  	 	101,100	  	  	 	107,300	  	  	 	108,800	  	  	 	110,100	  	  	 	102,200	  	
 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia	 			 	  				  				  				  				  				
Flow	 	 	79,100	  	  	 	78,600	  	  	 	83,400	  	  	 	88,100	  	  	 	93,800	  	  	 	91,100	  	
Bulk	 	 	6,200	  	  	 	5,700	  	  	 	6,200	  	  	 	6,800	  	  	 	7,200	  	  	 	7,200	  	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Australia	 	 	85,300	  	  	 	84,300	  	  	 	89,600	  	  	 	94,900	  	  	 	101,000	  	  	 	98,300	  	
 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Other Countries	 			 	  				  				  				  				  				
Flow (3),(4)	 	 	2,000	  	  	 	2,000	  	  	 	2,200	  	  	 	3,000	  	  	 	3,200	  	  	 	3,300	  	
Bulk	 	 	300	  	  	 	300	  	  	 	300	  	  	 	300	  	  	 	400	  	  	 	400	  	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Other Countries	 	 	2,300	  	  	 	2,300	  	  	 	2,500	  	  	 	3,300	  	  	 	3,600	  	  	 	3,700	  	
	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Primary Risk In-Force	 	$	192,900	  	  	$	187,700	  	  	$	199,400	  	  	$	207,000	  	  	$	214,700	  	  	$	204,200	  	

 

(1)	As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company is receiving updated outstanding balances in Canada from most of its customers. As a result, the company estimates that the outstanding balance of insured mortgages was approximately $137.0 billion as of March 31, 2015, $145.0 billion as of December 31, 2014, $148.0 billion as of September 30, 2014, $152.0 billion as of June 30, 2014 and $141.0 billion as of March 31, 2014. This is based on the extrapolation of the amounts reported by lenders 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 $300 million, $271 million, $296 million, $290 million, $298 million and $282 million of risk in-force in Europe ceded under quota share reinsurance agreements as of June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014, June 30, 2014 and March 31, 2014, 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.	
 
25

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Selected Key Performance Measures—International Mortgage Insurance Segment—Canada
(dollar amounts in millions)

Primary Insurance	  	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	 	 	
Insured loans in-force (1),(2)	  	 	1,737,083	  	 	 	1,704,483	  	 	 	1,673,505	  	 	 	1,646,223	  	 	 	1,602,928	  	 				
Insured delinquent loans	  	 	1,666	  	 	 	1,792	  	 	 	1,756	  	 	 	1,708	  	 	 	1,703	  	 				
Insured delinquency rate (2),(3)	  	 	0.10	% 	 	 	0.11	% 	 	 	0.10	% 	 	 	0.10	% 	 	 	0.11	% 	 				
							
Flow loans in-force (1)	  	 	1,287,744	  	 	 	1,266,626	  	 	 	1,255,050	  	 	 	1,236,206	  	 	 	1,213,846	  	 				
Flow delinquent loans	  	 	1,435	  	 	 	1,532	  	 	 	1,493	  	 	 	1,477	  	 	 	1,493	  	 				
Flow delinquency rate (3)	  	 	0.11	% 	 	 	0.12	% 	 	 	0.12	% 	 	 	0.12	% 	 	 	0.12	% 	 				
							
Bulk loans in-force (1)	  	 	449,339	  	 	 	437,857	  	 	 	418,455	  	 	 	410,017	  	 	 	389,082	  	 				
Bulk delinquent loans	  	 	231	  	 	 	260	  	 	 	263	  	 	 	231	  	 	 	210	  	 				
Bulk delinquency rate (3)	  	 	0.05	% 	 	 	0.06	% 	 	 	0.06	% 	 	 	0.06	% 	 	 	0.05	% 	 				
							
Loss Metrics	  	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	 	 	
Beginning Reserves	  	$	85	  	 	$	91	  	 	$	89	  	 	$	90	  	 	$	97	  	 				
Paid claims (4)	  	 	(21	) 	 	 	(22	) 	 	 	(24	) 	 	 	(24	) 	 	 	(26	) 	 				
Increase in reserves	  	 	19	  	 	 	24	  	 	 	29	  	 	 	27	  	 	 	16	  	 				
Impact of changes in foreign exchange rates	  	 	2	  	 	 	(8	) 	 	 	(3	) 	 	 	(4	) 	 	 	3	  	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	85	  	 	$	85	  	 	$	91	  	 	$	89	  	 	$	90	  	 				

 	  	June 30, 2015	 	 	March 31, 2015	 	 	June 30, 2014	 	
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	% 	 	 	0.04	% 	 	 	46	% 	 	 	0.05	% 	 	 	47	% 	 	 	0.06%    	  	
Alberta	  	 	17	  	 	 	0.09	% 	 	 	17	  	 	 	0.09	% 	 	 	16	  	 	 	0.10%    	  	
Quebec	  	 	14	  	 	 	0.19	% 	 	 	14	  	 	 	0.19	% 	 	 	14	  	 	 	0.18%    	  	
British Columbia	  	 	14	  	 	 	0.11	% 	 	 	14	  	 	 	0.13	% 	 	 	15	  	 	 	0.14%    	  	
Saskatchewan	  	 	3	  	 	 	0.13	% 	 	 	3	  	 	 	0.15	% 	 	 	2	  	 	 	0.11%    	  	
Nova Scotia	  	 	2	  	 	 	0.20	% 	 	 	2	  	 	 	0.23	% 	 	 	2	  	 	 	0.23%    	  	
Manitoba	  	 	2	  	 	 	0.07	% 	 	 	2	  	 	 	0.07	% 	 	 	2	  	 	 	0.06%    	  	
New Brunswick	  	 	1	  	 	 	0.18	% 	 	 	1	  	 	 	0.22	% 	 	 	1	  	 	 	0.21%    	  	
All Other	  	 	1	  	 	 	0.12	% 	 	 	1	  	 	 	0.12	% 	 	 	1	  	 	 	0.12%    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.11	% 	 	 	100	% 	 	 	0.11%    	  	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2006 and prior	  	 	29	% 	 	 	0.02	% 	 	 	30	% 	 	 	0.03	% 	 	 	33	% 	 	 	0.03%    	  	
2007	  	 	8	  	 	 	0.15	% 	 	 	9	  	 	 	0.14	% 	 	 	9	  	 	 	0.18%    	  	
2008	  	 	7	  	 	 	0.20	% 	 	 	7	  	 	 	0.22	% 	 	 	8	  	 	 	0.22%    	  	
2009	  	 	4	  	 	 	0.16	% 	 	 	5	  	 	 	0.19	% 	 	 	5	  	 	 	0.22%    	  	
2010	  	 	7	  	 	 	0.20	% 	 	 	7	  	 	 	0.23	% 	 	 	8	  	 	 	0.26%    	  	
2011	  	 	7	  	 	 	0.25	% 	 	 	7	  	 	 	0.26	% 	 	 	8	  	 	 	0.25%    	  	
2012	  	 	10	  	 	 	0.19	% 	 	 	10	  	 	 	0.19	% 	 	 	12	  	 	 	0.14%    	  	
2013	  	 	10	  	 	 	0.10	% 	 	 	10	  	 	 	0.11	% 	 	 	11	  	 	 	0.05%    	  	
2014	  	 	12	  	 	 	0.05	% 	 	 	12	  	 	 	0.05	% 	 	 	6	  	 	 	—  %    	  	
2015	  	 	6	  	 	 	—  	% 	 	 	3	  	 	 	—  	% 	 	 	—  	  	 	 	—  %    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.11	% 	 	 	100	% 	 	 	0.11%    	  	

(1)  	Insured loans in-force represent the original number of loans insured for which the coverage term has not expired, and for which no policy level cancellation or termination has been received.	
(2)  	As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company is receiving updated outstanding loans in-force in Canada from most of its customers. As a result, the company estimates that the outstanding loans in-force were 809,100 as of March 31, 2015, 793,700 as of December 31, 2014, and 783,700 as of September 30, 2014. This is based on the extrapolation of the amounts reported by lenders to the entire insured population. The corresponding insured delinquency rate was 0.22% as of March 31, 2015, December 31, 2014 and September 30, 2014.	
(3)  	Delinquent rates are based on insured loans in-force.	
(4)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
 
26

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
Selected Key Performance Measures—International Mortgage Insurance Segment—Canada
(Canadian dollar amounts in millions)

 	  	2015	 	  	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims (1)	  			 	  				 				  				 				 				 				 				
Flow	  	$	25	  	  	$	25	  	 	$	50	  	  	$	26	  	 	$	25	  	 	$	28	  	 	$	28	  	 	$	107	  	
Bulk	  	 	1	  	  	 	2	  	 	 	3	  	  	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	3	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	26	  	  	$	27	  	 	$	53	  	  	$	27	  	 	$	26	  	 	$	28	  	 	$	29	  	 	$	110	  	

Average Paid Claim (in thousands)	  	$	58.7	  	  	$	67.9	  	 				  	$	60.2	  	 	$	63.9	  	 	$	63.4	  	 	$	66.4	  	 				
	 								
Average Reserve Per Delinquency (in thousands)	  	$	63.6	  	  	$	60.4	  	 				  	$	60.2	  	 	$	58.4	  	 	$	56.4	  	 	$	57.5	  	 				
	 								
Loss Metrics	  			 	  				 				  				 				 				 				 				
	 								
Beginning Reserves	  	$	108	  	  	$	106	  	 				  	$	100	  	 	$	96	  	 	$	107	  	 	$	108	  	 				
Paid claims (1)	  	 	(26	) 	  	 	(27	) 	 				  	 	(27	) 	 	 	(26	) 	 	 	(28	) 	 	 	(29	) 	 				
Increase in reserves	  	 	24	  	  	 	29	  	 				  	 	33	  	 	 	30	  	 	 	17	  	 	 	28	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	106	  	  	$	108	  	 				  	$	106	  	 	$	100	  	 	$	96	  	 	$	107	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount (2)	  			 	  				 				  				 				 				 				 				
	 								
Over $550K	  	 	6	% 	  	 	6	% 	 				  	 	6	% 	 	 	6	% 	 	 	5	% 	 	 	5	% 	 				
$400K to $550K	  	 	12	  	  	 	12	  	 				  	 	11	  	 	 	11	  	 	 	11	  	 	 	11	  	 				
$250K to $400K	  	 	33	  	  	 	33	  	 				  	 	33	  	 	 	32	  	 	 	32	  	 	 	32	  	 				
$100K to $250K	  	 	44	  	  	 	44	  	 				  	 	45	  	 	 	46	  	 	 	47	  	 	 	47	  	 				
$100K or Less	  	 	5	  	  	 	5	  	 				  	 	5	  	 	 	5	  	 	 	5	  	 	 	5	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	216	  	  	$	215	  	 				  	$	213	  	 	$	212	  	 	$	209	  	 	$	208	  	 				
									
Average Effective Loan-To-Value Ratios By Policy Year  (3) 	  				  				 				  				 				 				 				 				
									
2006 and prior	  	 	35	% 	  	 	36	% 	 				  	 	36	% 	 	 	38	% 	 	 	39	% 	 	 	39	% 	 				
2007	  	 	61	% 	  	 	61	% 	 				  	 	61	% 	 	 	64	% 	 	 	64	% 	 	 	65	% 	 				
2008	  	 	68	% 	  	 	68	% 	 				  	 	68	% 	 	 	71	% 	 	 	71	% 	 	 	71	% 	 				
2009	  	 	66	% 	  	 	66	% 	 				  	 	66	% 	 	 	69	% 	 	 	70	% 	 	 	70	% 	 				
2010	  	 	73	% 	  	 	73	% 	 				  	 	73	% 	 	 	76	% 	 	 	77	% 	 	 	77	% 	 				
2011	  	 	77	% 	  	 	77	% 	 				  	 	77	% 	 	 	80	% 	 	 	81	% 	 	 	81	% 	 				
2012	  	 	82	% 	  	 	82	% 	 				  	 	82	% 	 	 	86	% 	 	 	86	% 	 	 	87	% 	 				
2013	  	 	86	% 	  	 	86	% 	 				  	 	87	% 	 	 	90	% 	 	 	91	% 	 	 	91	% 	 				
2014	  	 	92	% 	  	 	92	% 	 				  	 	92	% 	 	 	93	% 	 	 	93	% 	 	 	—  	% 	 				
2015	  	 	93	% 	  	 	—  	% 	 				  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 				
Total Flow	  	 	56	% 	  	 	56	% 	 				  	 	56	% 	 	 	57	% 	 	 	57	% 	 	 	57	% 	 				
									
Total Bulk	  	 	42	% 	  	 	42	% 	 				  	 	42	% 	 	 	42	% 	 	 	41	% 	 	 	41	% 	 				
Total	  	 	52	% 	  	 	52	% 	 				  	 	52	% 	 	 	53	% 	 	 	54	% 	 	 	54	% 	 				
All amounts presented in Canadian dollars.

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

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Selected Key Performance Measures—International Mortgage Insurance Segment—Australia
(dollar amounts in millions)

Primary Insurance	  	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	 	 	
Insured loans in-force	  	 	1,481,755	  	 	 	1,498,197	  	 	 	1,496,616	  	 	 	1,490,221	  	 	 	1,481,201	  	 				
Insured delinquent loans	  	 	5,900	  	 	 	5,378	  	 	 	4,953	  	 	 	5,300	  	 	 	5,405	  	 				
Insured delinquency rate	  	 	0.40	% 	 	 	0.36	% 	 	 	0.33	% 	 	 	0.36	% 	 	 	0.36	% 	 				
							
Flow loans in-force	  	 	1,364,653	  	 	 	1,382,156	  	 	 	1,378,584	  	 	 	1,370,136	  	 	 	1,362,236	  	 				
Flow delinquent loans	  	 	5,623	  	 	 	5,112	  	 	 	4,714	  	 	 	5,031	  	 	 	5,125	  	 				
Flow delinquency rate	  	 	0.41	% 	 	 	0.37	% 	 	 	0.34	% 	 	 	0.37	% 	 	 	0.38	% 	 				
							
Bulk loans in-force	  	 	117,102	  	 	 	116,041	  	 	 	118,032	  	 	 	120,085	  	 	 	118,965	  	 				
Bulk delinquent loans	  	 	277	  	 	 	266	  	 	 	239	  	 	 	269	  	 	 	280	  	 				
Bulk delinquency rate	  	 	0.24	% 	 	 	0.23	% 	 	 	0.20	% 	 	 	0.22	% 	 	 	0.24	% 	 				
							
Loss Metrics	  	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	 	 	 	
Beginning Reserves	  	$	149	  	 	$	152	  	 	$	161	  	 	$	171	  	 	$	168	  	 				
Paid claims (1)	  	 	(15	) 	 	 	(14	) 	 	 	(14	) 	 	 	(19	) 	 	 	(24	) 	 				
Increase in reserves	  	 	25	  	 	 	21	  	 	 	15	  	 	 	22	  	 	 	24	  	 				
Impact of changes in foreign exchange rates	  	 	1	  	 	 	(10	) 	 	 	(10	) 	 	 	(13	) 	 	 	3	  	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	160	  	 	$	149	  	 	$	152	  	 	$	161	  	 	$	171	  	 				

 	  	June 30, 2015	 	 	March 31, 2015	 	 	June 30, 2014	 	
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	% 	 	 	0.30	% 	 	 	29	% 	 	 	0.29	% 	 	 	29	% 	 	 	0.33%    	  	
Queensland	  	 	23	  	 	 	0.57	% 	 	 	23	  	 	 	0.50	% 	 	 	23	  	 	 	0.48%    	  	
Victoria	  	 	23	  	 	 	0.34	% 	 	 	23	  	 	 	0.32	% 	 	 	23	  	 	 	0.34%    	  	
Western Australia	  	 	11	  	 	 	0.45	% 	 	 	11	  	 	 	0.37	% 	 	 	11	  	 	 	0.34%    	  	
South Australia	  	 	6	  	 	 	0.52	% 	 	 	6	  	 	 	0.48	% 	 	 	6	  	 	 	0.43%    	  	
Australian Capital Territory	  	 	3	  	 	 	0.14	% 	 	 	3	  	 	 	0.13	% 	 	 	3	  	 	 	0.13%    	  	
Tasmania	  	 	2	  	 	 	0.35	% 	 	 	2	  	 	 	0.28	% 	 	 	2	  	 	 	0.30%    	  	
New Zealand	  	 	2	  	 	 	0.27	% 	 	 	2	  	 	 	0.27	% 	 	 	2	  	 	 	0.34%    	  	
Northern Territory	  	 	1	  	 	 	0.24	% 	 	 	1	  	 	 	0.20	% 	 	 	1	  	 	 	0.20%    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.40	% 	 	 	100	% 	 	 	0.36	% 	 	 	100	% 	 	 	0.36%    	  	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2006 and prior	  	 	30	% 	 	 	0.25	% 	 	 	31	% 	 	 	0.22	% 	 	 	33	% 	 	 	0.23%    	  	
2007	  	 	7	  	 	 	0.78	% 	 	 	8	  	 	 	0.68	% 	 	 	8	  	 	 	0.72%    	  	
2008	  	 	7	  	 	 	0.97	% 	 	 	7	  	 	 	0.87	% 	 	 	8	  	 	 	0.95%    	  	
2009	  	 	8	  	 	 	0.73	% 	 	 	9	  	 	 	0.70	% 	 	 	9	  	 	 	0.66%    	  	
2010	  	 	6	  	 	 	0.45	% 	 	 	6	  	 	 	0.42	% 	 	 	7	  	 	 	0.40%    	  	
2011	  	 	7	  	 	 	0.46	% 	 	 	7	  	 	 	0.42	% 	 	 	8	  	 	 	0.39%    	  	
2012	  	 	9	  	 	 	0.49	% 	 	 	9	  	 	 	0.40	% 	 	 	10	  	 	 	0.29%    	  	
2013	  	 	10	  	 	 	0.32	% 	 	 	10	  	 	 	0.26	% 	 	 	11	  	 	 	0.10%    	  	
2014	  	 	11	  	 	 	0.12	% 	 	 	11	  	 	 	0.06	% 	 	 	6	  	 	 	—  %    	  	
2015	  	 	5	  	 	 	—  	% 	 	 	2	  	 	 	—  	% 	 	 	—  	  	 	 	—  %    	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.40	% 	 	 	100	% 	 	 	0.36	% 	 	 	100	% 	 	 	0.36%    	  	

(1)	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
 
28

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Selected Key Performance Measures—International Mortgage Insurance Segment—Australia
(Australian dollar amounts in millions)

 	  	2015	 	  	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims (1) 	  			 	  				 				  				 				 				 				 				
Flow	  	$	19	  	  	$	17	  	 	$	36	  	  	$	15	  	 	$	20	  	 	$	25	  	 	$	30	  	 	$	90	  	
Bulk	  	 	—  	  	  	 	1	  	 	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	19	  	  	$	18	  	 	$	37	  	  	$	15	  	 	$	21	  	 	$	25	  	 	$	30	  	 	$	91	  	

Average Paid Claim (in thousands)	  	$	66.9	  	  	$	62.5	  	 				  	$	49.5	  	 	$	58.6	  	 	$	60.5	  	 	$	65.1	  	 				
	 								
Average Reserve Per Delinquency (in thousands)	  	$	35.2	  	  	$	36.4	  	 				  	$	37.6	  	 	$	34.8	  	 	$	33.6	  	 	$	35.7	  	 				
	 								
Loss Metrics	  			 	  				 				  				 				 				 				 				
Beginning Reserves	  	$	196	  	  	$	186	  	 				  	$	184	  	 	$	181	  	 	$	181	  	 	$	192	  	 				
Paid claims (1)	  	 	(19	) 	  	 	(18	) 	 				  	 	(15	) 	 	 	(21	) 	 	 	(25	) 	 	 	(30	) 	 				
Increase in reserves	  	 	31	  	  	 	28	  	 				  	 	17	  	 	 	24	  	 	 	25	  	 	 	19	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	208	  	  	$	196	  	 				  	$	186	  	 	$	184	  	 	$	181	  	 	$	181	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount  (2) 	  			 	  				 				  				 				 				 				 				
Over $550K	  	 	14	% 	  	 	13	% 	 				  	 	13	% 	 	 	13	% 	 	 	12	% 	 	 	12	% 	 				
$400K to $550K	  	 	19	  	  	 	19	  	 				  	 	18	  	 	 	18	  	 	 	18	  	 	 	18	  	 				
$250K to $400K	  	 	36	  	  	 	37	  	 				  	 	37	  	 	 	37	  	 	 	37	  	 	 	37	  	 				
$100K to $250K	  	 	25	  	  	 	26	  	 				  	 	26	  	 	 	26	  	 	 	27	  	 	 	27	  	 				
$100K or Less	  	 	6	  	  	 	5	  	 				  	 	6	  	 	 	6	  	 	 	6	  	 	 	6	  	 				
	  	 	 	 	  	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	213	  	  	$	211	  	 				  	$	210	  	 	$	208	  	 	$	207	  	 	$	205	  	 				
									
Average Effective Loan-To-Value Ratios By Policy Year  (3) 	  				  				 				  				 				 				 				 				
									
2006 and prior	  	 	35	% 	  	 	36	% 	 				  	 	36	% 	 	 	38	% 	 	 	38	% 	 	 	40	% 	 				
2007	  	 	56	% 	  	 	57	% 	 				  	 	58	% 	 	 	60	% 	 	 	61	% 	 	 	63	% 	 				
2008	  	 	63	% 	  	 	65	% 	 				  	 	66	% 	 	 	67	% 	 	 	68	% 	 	 	70	% 	 				
2009	  	 	65	% 	  	 	67	% 	 				  	 	68	% 	 	 	69	% 	 	 	70	% 	 	 	73	% 	 				
2010	  	 	70	% 	  	 	72	% 	 				  	 	73	% 	 	 	74	% 	 	 	76	% 	 	 	78	% 	 				
2011	  	 	72	% 	  	 	73	% 	 				  	 	74	% 	 	 	76	% 	 	 	77	% 	 	 	80	% 	 				
2012	  	 	72	% 	  	 	74	% 	 				  	 	75	% 	 	 	77	% 	 	 	78	% 	 	 	80	% 	 				
2013	  	 	76	% 	  	 	78	% 	 				  	 	79	% 	 	 	81	% 	 	 	82	% 	 	 	84	% 	 				
2014	  	 	84	% 	  	 	85	% 	 				  	 	86	% 	 	 	87	% 	 	 	87	% 	 	 	—  	% 	 				
2015	  	 	87	% 	  	 	—  	% 	 				  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 				
Total Flow	  	 	59	% 	  	 	60	% 	 				  	 	60	% 	 	 	61	% 	 	 	61	% 	 	 	62	% 	 				
									
Total Bulk	  	 	26	% 	  	 	27	% 	 				  	 	28	% 	 	 	28	% 	 	 	29	% 	 	 	30	% 	 				
Total	  	 	56	% 	  	 	56	% 	 				  	 	57	% 	 	 	58	% 	 	 	58	% 	 	 	59	% 	 				
All amounts presented in Australian dollars.

(1)	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
(2)	The percentages in this table are based on the amount of primary insurance in-force in each loan band as a percentage of total insurance in-force.	
(3)	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.	
 
29

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Selected Key Performance Measures—International Mortgage Insurance Segment
(amounts in millions)

Risk In-Force by Loan-To-Value Ratio (1) 	  	June 30, 2015	 	  	March 31, 2015	 	
 	  	Primary	 	  	Flow	 	  	Bulk	 	  	Primary	 	  	Flow	 	  	Bulk	 	
Canada	  				  				  				  				  				  				
95.01% and above	  	$	37,068	  	  	$	37,068	  	  	$	—  	  	  	$	35,468	  	  	$	35,468	  	  	$	—  	  	
90.01% to 95.00%	  	 	23,753	  	  	 	23,753	  	  	 	—  	  	  	 	23,036	  	  	 	23,036	  	  	 	—  	  	
80.01% to 90.00%	  	 	14,714	  	  	 	14,711	  	  	 	3	  	  	 	14,333	  	  	 	14,330	  	  	 	3	  	
80.00% and below	  	 	29,767	  	  	 	2,922	  	  	 	26,845	  	  	 	28,236	  	  	 	2,828	  	  	 	25,408	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Canada	  	$	105,302	  	  	$	78,454	  	  	$	26,848	  	  	$	101,073	  	  	$	75,662	  	  	$	25,411	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Australia	  				  				  				  				  				  				
95.01% and above	  	$	16,261	  	  	$	16,261	  	  	$	—  	  	  	$	16,088	  	  	$	16,088	  	  	$	—  	  	
90.01% to 95.00%	  	 	21,496	  	  	 	21,489	  	  	 	7	  	  	 	21,121	  	  	 	21,114	  	  	 	7	  	
80.01% to 90.00%	  	 	22,200	  	  	 	22,131	  	  	 	69	  	  	 	22,210	  	  	 	22,140	  	  	 	70	  	
80.00% and below	  	 	25,376	  	  	 	19,267	  	  	 	6,109	  	  	 	24,887	  	  	 	19,267	  	  	 	5,620	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Australia	  	$	85,333	  	  	$	79,148	  	  	$	6,185	  	  	$	84,306	  	  	$	78,609	  	  	$	5,697	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Other Countries (2)	  				  				  				  				  				  				
95.01% and above	  	$	479	  	  	$	479	  	  	$	—  	  	  	$	466	  	  	$	466	  	  	$	—  	  	
90.01% to 95.00%	  	 	1,134	  	  	 	1,087	  	  	 	47	  	  	 	1,090	  	  	 	1,039	  	  	 	51	  	
80.01% to 90.00%	  	 	575	  	  	 	359	  	  	 	216	  	  	 	575	  	  	 	342	  	  	 	233	  	
80.00% and below	  	 	146	  	  	 	117	  	  	 	29	  	  	 	143	  	  	 	112	  	  	 	31	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Other Countries	  	$	2,333	  	  	$	2,041	  	  	$	292	  	  	$	2,273	  	  	$	1,958	  	  	$	315	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
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 $300 million and $271 million, respectively, of risk in-force in Europe ceded under quota share reinsurance agreements as of June 30, 2015 and March 31, 2015.	
 
30

 
U.S. Mortgage Insurance Segment
 
31

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance Segment
(amounts in millions)

 	    	2015	 	  	2014	 	
 	    	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	    			 	  				  				  				  				  				  				  				
Premiums	    	$	153	  	  	$	150	  	  	$	303	  	  	$	151	  	  	$	146	  	  	$	144	  	  	$	137	  	  	$	578	  	
Net investment income	    	 	13	  	  	 	19	  	  	 	32	  	  	 	11	  	  	 	19	  	  	 	11	  	  	 	18	  	  	 	59	  	
Net investment gains (losses)	    	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Insurance and investment product fees and other	    	 	—  	  	  	 	1	  	  	 	1	  	  	 	1	  	  	 	—  	  	  	 	1	  	  	 	—  	  	  	 	2	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	    	 	166	  	  	 	170	  	  	 	336	  	  	 	163	  	  	 	165	  	  	 	156	  	  	 	155	  	  	 	639	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	    			 	  				  				  				  				  				  				  				
Benefits and other changes in policy reserves	    	 	50	  	  	 	50	  	  	 	100	  	  	 	91	  	  	 	141	  	  	 	62	  	  	 	63	  	  	 	357	  	
Acquisition and operating expenses, net of deferrals	    	 	38	  	  	 	37	  	  	 	75	  	  	 	38	  	  	 	35	  	  	 	34	  	  	 	33	  	  	 	140	  	
Amortization of deferred acquisition costs and intangibles	    	 	2	  	  	 	2	  	  	 	4	  	  	 	2	  	  	 	1	  	  	 	2	  	  	 	2	  	  	 	7	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	    	 	90	  	  	 	89	  	  	 	179	  	  	 	131	  	  	 	177	  	  	 	98	  	  	 	98	  	  	 	504	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	    	 	76	  	  	 	81	  	  	 	157	  	  	 	32	  	  	 	(12	) 	  	 	58	  	  	 	57	  	  	 	135	  	
Provision (benefit) for income taxes	    	 	27	  	  	 	29	  	  	 	56	  	  	 	11	  	  	 	(10	) 	  	 	19	  	  	 	24	  	  	 	44	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	    	 	49	  	  	 	52	  	  	 	101	  	  	 	21	  	  	 	(2	) 	  	 	39	  	  	 	33	  	  	 	91	  	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	    			 	  				  				  				  				  				  				  				
Net investment (gains) losses, net	    	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)	    	$	49	  	  	$	52	  	  	$	101	  	  	$	21	  	  	$	(2	) 	  	$	39	  	  	$	33	  	  	$	91	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Effective tax rate (operating income (loss))	    	 	35.6	% 	  	 	35.7	% 	  	 	35.7	% 	  	 	32.5	% 	  	 	80.1	% 	  	 	32.4	% 	  	 	42.0	% 	  	 	32.2	% 	
									
SALES:	    				  				  				  				  				  				  				  				
New Insurance Written (NIW)	    				  				  				  				  				  				  				  				
Flow	    	$	8,200	  	  	$	6,300	  	  	$	14,500	  	  	$	6,900	  	  	$	7,500	  	  	$	6,100	  	  	$	3,900	  	  	$	24,400	  	
Bulk	    	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total U.S. Mortgage Insurance NIW	    	$	8,200	  	  	$	6,300	  	  	$	14,500	  	  	$	6,900	  	  	$	7,500	  	  	$	6,100	  	  	$	3,900	  	  	$	24,400	  	

 
32

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Flow New Insurance Written Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
 	  	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	 	Flow
NIW	 	  	Premium
Rate (bps)	 	
Product	  				  			 	 				  				 				  				 				  				 				  				 				  				
Monthly (1)	  	$	6,500	  	  	 	60	  	 	$	4,400	  	  	 	60	  	 	$	5,100	  	  	 	60	  	 	$	6,100	  	  	 	59	  	 	$	5,300	  	  	 	59	  	 	$	3,400	  	  	 	58	  	
Single	  	 	1,700	  	  	 	172	  	 	 	1,900	  	  	 	160	  	 	 	1,800	  	  	 	155	  	 	 	1,400	  	  	 	194	  	 	 	800	  	  	 	197	  	 	 	500	  	  	 	200	  	
	  	 	 	 	  			 	 	 	 	 	  				 	 	 	 	  				 	 	 	 	  				 	 	 	 	  				 	 	 	 	  				
Total Flow	  	$	8,200	  	  			 	 	$	6,300	  	  				 	$	6,900	  	  				 	$	7,500	  	  				 	$	6,100	  	  				 	$	3,900	  	  				

 	  	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	  	$	5,000	  	  	 	61	% 	 	$	3,700	  	  	 	59	% 	 	$	4,100	  	  	 	59	% 	 	$	4,400	  	  	 	59	% 	 	$	3,600	  	  	 	59	% 	 	$	2,400	  	  	 	61	% 	
680 - 735	  	 	2,500	  	  	 	30	  	 	 	2,100	  	  	 	33	  	 	 	2,200	  	  	 	32	  	 	 	2,400	  	  	 	32	  	 	 	2,000	  	  	 	33	  	 	 	1,200	  	  	 	31	  	
660 - 679 (2)	  	 	400	  	  	 	5	  	 	 	300	  	  	 	5	  	 	 	300	  	  	 	5	  	 	 	400	  	  	 	5	  	 	 	300	  	  	 	5	  	 	 	200	  	  	 	5	  	
620 - 659	  	 	300	  	  	 	4	  	 	 	200	  	  	 	3	  	 	 	300	  	  	 	4	  	 	 	300	  	  	 	4	  	 	 	200	  	  	 	3	  	 	 	100	  	  	 	3	  	
<620	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	  	$	8,200	  	  	 	100	% 	 	$	6,300	  	  	 	100	% 	 	$	6,900	  	  	 	100	% 	 	$	7,500	  	  	 	100	% 	 	$	6,100	  	  	 	100	% 	 	$	3,900	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Loan-To-Value Ratio	  				  			 	 				  				 				  				 				  				 				  				 				  				
95.01% and above	  	$	400	  	  	 	5	% 	 	$	300	  	  	 	5	% 	 	$	100	  	  	 	2	% 	 	$	200	  	  	 	3	% 	 	$	100	  	  	 	2	% 	 	$	100	  	  	 	3	% 	
90.01% to 95.00%	  	 	4,200	  	  	 	51	  	 	 	3,100	  	  	 	49	  	 	 	3,500	  	  	 	51	  	 	 	3,900	  	  	 	52	  	 	 	3,300	  	  	 	54	  	 	 	1,900	  	  	 	49	  	
85.01% to 90.00%	  	 	2,600	  	  	 	32	  	 	 	2,000	  	  	 	32	  	 	 	2,300	  	  	 	33	  	 	 	2,400	  	  	 	32	  	 	 	1,900	  	  	 	31	  	 	 	1,300	  	  	 	33	  	
85.00% and below	  	 	1,000	  	  	 	12	  	 	 	900	  	  	 	14	  	 	 	1,000	  	  	 	14	  	 	 	1,000	  	  	 	13	  	 	 	800	  	  	 	13	  	 	 	600	  	  	 	15	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	  	$	8,200	  	  	 	100	% 	 	$	6,300	  	  	 	100	% 	 	$	6,900	  	  	 	100	% 	 	$	7,500	  	  	 	100	% 	 	$	6,100	  	  	 	100	% 	 	$	3,900	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Origination	  				  			 	 				  				 				  				 				  				 				  				 				  				
Purchase	  	$	6,500	  	  	 	79	% 	 	$	4,300	  	  	 	68	% 	 	$	5,300	  	  	 	77	% 	 	$	6,400	  	  	 	85	% 	 	$	5,100	  	  	 	84	% 	 	$	3,000	  	  	 	77	% 	
Refinance	  	 	1,700	  	  	 	21	  	 	 	2,000	  	  	 	32	  	 	 	1,600	  	  	 	23	  	 	 	1,100	  	  	 	15	  	 	 	1,000	  	  	 	16	  	 	 	900	  	  	 	23	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total Flow	  	$	8,200	  	  	 	100	% 	 	$	6,300	  	  	 	100	% 	 	$	6,900	  	  	 	100	% 	 	$	7,500	  	  	 	100	% 	 	$	6,100	  	  	 	100	% 	 	$	3,900	  	  	 	100	% 	

 

(1)  	Includes loans with annual and split payment types.	
(2)  	Loans with unknown FICO scores are included in the 660-679 category.	
 
33

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Other Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	170	  	  	$	170	  	 	$	340	  	 	$	171	  	 	$	162	  	 	$	151	  	 	$	144	  	 	$	628	  	
	 								
New Risk Written	  			 	  				 				 				 				 				 				 				
Flow	  	$	2,040	  	  	$	1,557	  	 	$	3,597	  	 	$	1,703	  	 	$	1,878	  	 	$	1,521	  	 	$	960	  	 	$	6,062	  	
Bulk	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	2,040	  	  	 	1,557	  	 	 	3,597	  	 	 	1,703	  	 	 	1,878	  	 	 	1,521	  	 	 	960	  	 	 	6,062	  	
Pool	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total New Risk Written	  	$	2,040	  	  	$	1,557	  	 	$	3,597	  	 	$	1,703	  	 	$	1,878	  	 	$	1,521	  	 	$	960	  	 	$	6,062	  	

Primary Insurance In-Force	  	$	117,100	  	  	$	115,200	  	 				 	$	114,400	  	 	$	112,400	  	 	$	110,500	  	 	$	109,100	  	 				
	 								
Risk In-Force	  			 	  				 				 				 				 				 				 				
Flow	  	$	29,026	  	  	$	28,415	  	 				 	$	28,112	  	 	$	27,507	  	 	$	26,880	  	 	$	26,405	  	 				
Bulk (1)	  	 	360	  	  	 	387	  	 				 	 	402	  	 	 	419	  	 	 	434	  	 	 	442	  	 				
	  	 	 	 	  	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	  	 	29,386	  	  	 	28,802	  	 				 	 	28,514	  	 	 	27,926	  	 	 	27,314	  	 	 	26,847	  	 				
Pool	  	 	137	  	  	 	142	  	 				 	 	151	  	 	 	159	  	 	 	163	  	 	 	171	  	 				
	  	 	 	 	  	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-Force	  	$	29,523	  	  	$	28,944	  	 				 	$	28,665	  	 	$	28,085	  	 	$	27,477	  	 	$	27,018	  	 				

Primary Risk In-Force That Is GSE Conforming	  	 	97	% 	  	 	97	% 	 				 	 	97	% 	 	 	97	% 	 	 	97	% 	 	 	97	% 	 				
	 								
GAAP Basis Expense Ratio (2) 	  	 	26	% 	  	 	26	% 	 	 	26	% 	 	 	26	% 	 	 	25	% 	 	 	25	% 	 	 	25	% 	 	 	25	% 	
	 								
Adjusted Expense Ratio (3) 	  	 	23	% 	  	 	23	% 	 	 	23	% 	 	 	23	% 	 	 	23	% 	 	 	23	% 	 	 	24	% 	 	 	23	% 	
	 								
Flow Persistency	  	 	79	% 	  	 	81	% 	 				 	 	83	% 	 	 	80	% 	 	 	83	% 	 	 	85	% 	 				
	 								
Risk To Capital Ratio (4) 	  	 	13.7:1	  	  	 	14.1:1	  	 				 	 	14.5:1	  	 	 	15.4:1	  	 	 	14.6:1	  	 	 	18.7:1	  	 				
	 								
Average Primary Loan Size (in thousands)	  	$	184	  	  	$	182	  	 				 	$	181	  	 	$	180	  	 	$	178	  	 	$	176	  	 				
The expense ratios included above were calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.

(1)  	As of June 30, 2015, 86% 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.	
 
34

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Loss Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				 				 				 				 				 				 				
Flow	  			 	  				 				 				 				 				 				 				
Direct	  	$	131	  	  	$	130	  	 	$	261	  	 	$	142	  	 	$	148	  	 	$	148	  	 	$	178	  	 	$	616	  	
Assumed (1)	  	 	4	  	  	 	5	  	 	 	9	  	 	 	3	  	 	 	4	  	 	 	6	  	 	 	6	  	 	 	19	  	
Ceded	  	 	(1	) 	  	 	(16	) 	 	 	(17	) 	 	 	(4	) 	 	 	(3	) 	 	 	(4	) 	 	 	(15	) 	 	 	(26	) 	
Loss adjustment expenses	  	 	3	  	  	 	4	  	 	 	7	  	 	 	4	  	 	 	4	  	 	 	4	  	 	 	5	  	 	 	17	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	 	137	  	  	 	123	  	 	 	260	  	 	 	145	  	 	 	153	  	 	 	154	  	 	 	174	  	 	 	626	  	
Bulk	  	 	2	  	  	 	2	  	 	 	4	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	8	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	139	  	  	 	125	  	 	 	264	  	 	 	147	  	 	 	155	  	 	 	156	  	 	 	176	  	 	 	634	  	
Pool	  	 	1	  	  	 	1	  	 	 	2	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	140	  	  	$	126	  	 	$	266	  	 	$	149	  	 	$	156	  	 	$	157	  	 	$	177	  	 	$	639	  	

Average Paid Claim (in thousands)	  	$	50.8	  	  	$	46.5	  	 				 	$	46.6	  	 	$	47.6	  	 	$	47.2	  	 	$	43.6	  	 				
	 								
Average Reserve Per Delinquency (in thousands)	  			 	  				 				 				 				 				 				 				
Flow	  	$	30.6	  	  	$	31.0	  	 				 	$	30.2	  	 	$	30.7	  	 	$	30.0	  	 	$	30.3	  	 				
Bulk loans with established reserve	  	 	21.5	  	  	 	21.2	  	 				 	 	20.4	  	 	 	20.5	  	 	 	22.5	  	 	 	19.2	  	 				
Bulk loans with no reserve (2)	  	 	—  	  	  	 	—  	  	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 				
	 								
Reserves:	  			 	  				 				 				 				 				 				 				
Flow direct case	  	$	909	  	  	$	992	  	 				 	$	1,065	  	 	$	1,122	  	 	$	1,083	  	 	$	1,172	  	 				
Bulk direct case	  	 	18	  	  	 	20	  	 				 	 	21	  	 	 	22	  	 	 	24	  	 	 	25	  	 				
Assumed (1)	  	 	12	  	  	 	15	  	 				 	 	21	  	 	 	21	  	 	 	24	  	 	 	29	  	 				
All other (3)	  	 	57	  	  	 	60	  	 				 	 	73	  	 	 	74	  	 	 	125	  	 	 	129	  	 				
	  	 	 	 	  	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Reserves	  	$	996	  	  	$	1,087	  	 				 	$	1,180	  	 	$	1,239	  	 	$	1,256	  	 	$	1,355	  	 				

Beginning Reserves	  	$	1,087	  	  	$	1,180	  	 	$	1,180	  	 	$	1,239	  	 	$	1,256	  	 	$	1,355	  	 	$	1,482	  	 	$	1,482	  	
Paid claims	  	 	(141	) 	  	 	(142	) 	 	 	(283	) 	 	 	(153	) 	 	 	(158	) 	 	 	(162	) 	 	 	(192	) 	 	 	(665	) 	
Increase in reserves	  	 	50	  	  	 	49	  	 	 	99	  	 	 	94	  	 	 	141	  	 	 	63	  	 	 	65	  	 	 	363	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	996	  	  	$	1,087	  	 	$	996	  	 	$	1,180	  	 	$	1,239	  	 	$	1,256	  	 	$	1,355	  	 	$	1,180	  	

Beginning Reinsurance Recoverable (4)	  	$	7	  	  	$	24	  	 	$	24	  	 	$	25	  	 	$	27	  	 	$	31	  	 	$	44	  	 	$	44	  	
Ceded paid claims	  	 	(1	) 	  	 	(16	) 	 	 	(17	) 	 	 	(4	) 	 	 	(2	) 	 	 	(5	) 	 	 	(15	) 	 	 	(26	) 	
Increase in recoverable	  	 	—  	  	  	 	(1	) 	 	 	(1	) 	 	 	3	  	 	 	—  	  	 	 	1	  	 	 	2	  	 	 	6	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reinsurance Recoverable	  	$	6	  	  	$	7	  	 	$	6	  	 	$	24	  	 	$	25	  	 	$	27	  	 	$	31	  	 	$	24	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (5)	  	 	33	% 	  	 	33	% 	 	 	33	% 	 	 	61	% 	 	 	97	% 	 	 	43	% 	 	 	46	% 	 	 	62	% 	
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)  	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.	
(3)  	Other includes loss adjustment expenses, pool and incurred but not reported reserves.	
(4)  	Reinsurance recoverable excludes ceded unearned premium recoveries and amounts for which cash proceeds have not yet been received.	
(5)  	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.	
 
35

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Delinquency Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	2015	 	  	2014	 	
 	  	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
Number of Primary Delinquencies	  			 	  				  				  				  				  				  				  				
Flow	  	 	31,876	  	  	 	34,220	  	  				  	 	38,177	  	  	 	39,485	  	  	 	40,897	  	  	 	43,733	  	  				
Bulk loans with an established reserve	  	 	908	  	  	 	984	  	  				  	 	1,109	  	  	 	1,147	  	  	 	1,147	  	  	 	1,434	  	  				
Bulk loans with no reserve (1)	  	 	415	  	  	 	461	  	  				  	 	500	  	  	 	515	  	  	 	561	  	  	 	694	  	  				
	  	 	 	 	  	 	 	 	  				  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  				
Total Number of Primary Delinquencies	  	 	33,199	  	  	 	35,665	  	  				  	 	39,786	  	  	 	41,147	  	  	 	42,605	  	  	 	45,861	  	  				

Beginning Number of Primary Delinquencies	  	 	35,665	  	  	 	39,786	  	  	 	39,786	  	  	 	41,147	  	  	 	42,605	  	  	 	45,861	  	  	 	51,459	  	  	 	51,459	  	
New delinquencies	  	 	9,061	  	  	 	9,554	  	  	 	18,615	  	  	 	10,826	  	  	 	11,574	  	  	 	10,568	  	  	 	12,100	  	  	 	45,068	  	
Delinquency cures	  	 	(8,800	) 	  	 	(10,988	) 	  	 	(19,788	) 	  	 	(9,030	) 	  	 	(9,790	) 	  	 	(10,545	) 	  	 	(13,678	) 	  	 	(43,043	) 	
Paid claims	  	 	(2,727	) 	  	 	(2,687	) 	  	 	(5,414	) 	  	 	(3,157	) 	  	 	(3,242	) 	  	 	(3,279	) 	  	 	(4,020	) 	  	 	(13,698	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Ending Number of Primary Delinquencies	  	 	33,199	  	  	 	35,665	  	  	 	33,199	  	  	 	39,786	  	  	 	41,147	  	  	 	42,605	  	  	 	45,861	  	  	 	39,786	  	

Composition of Cures	  			 	  				  				  				  				  				  				  				
Reported delinquent and cured-intraquarter	  	 	1,658	  	  	 	2,271	  	  				  	 	1,434	  	  	 	2,093	  	  	 	1,993	  	  	 	3,141	  	  				
Number of missed payments delinquent prior to cure:	  			 	  				  				  				  				  				  				  				
3 payments or less	  	 	4,260	  	  	 	6,112	  	  				  	 	5,340	  	  	 	5,202	  	  	 	5,335	  	  	 	7,252	  	  				
4 - 11 payments	  	 	2,250	  	  	 	1,912	  	  				  	 	1,613	  	  	 	1,772	  	  	 	2,253	  	  	 	2,391	  	  				
12 payments or more	  	 	632	  	  	 	693	  	  				  	 	643	  	  	 	723	  	  	 	964	  	  	 	894	  	  				
	  	 	 	 	  	 	 	 	  				  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  				
Total	  	 	8,800	  	  	 	10,988	  	  				  	 	9,030	  	  	 	9,790	  	  	 	10,545	  	  	 	13,678	  	  				

Primary Delinquencies by Missed Payment Status	  			 	  				  				  				  				  				  				  				
3 payments or less	  	 	9,432	  	  	 	9,271	  	  				  	 	11,318	  	  	 	11,478	  	  	 	11,228	  	  	 	11,351	  	  				
4 - 11 payments	  	 	7,824	  	  	 	9,086	  	  				  	 	9,684	  	  	 	9,610	  	  	 	9,913	  	  	 	11,463	  	  				
12 payments or more	  	 	15,943	  	  	 	17,308	  	  				  	 	18,784	  	  	 	20,059	  	  	 	21,464	  	  	 	23,047	  	  				
	  	 	 	 	  	 	 	 	  				  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  				
Primary Delinquencies	  	 	33,199	  	  	 	35,665	  	  				  	 	39,786	  	  	 	41,147	  	  	 	42,605	  	  	 	45,861	  	  				

					
 	  	June 30, 2015	 	  	 	 	  	 	 	  	 	 	
Flow Delinquencies and Percentage
Reserved by Payment Status	  	Delinquencies	 	  	Direct Case
Reserves (2) 	 	  	Risk In-Force	 	  	Reserves as % of
Risk In-Force	 	  	 	 	  	 	 	  	 	 	
3 payments or less in default	  	 	9,071	  	  	$	58	  	  	$	364	  	  	 	16%    	  	  				  				  				
4 - 11 payments in default	  	 	7,590	  	  	 	195	  	  	 	313	  	  	 	62%    	  	  				  				  				
12 payments or more in default	  	 	15,215	  	  	 	656	  	  	 	756	  	  	 	87%    	  	  				  				  				
	  	 	 	 	  	 	 	 	  	 	 	 	  				  				  				  				
Total	  	 	31,876	  	  	$	909	  	  	$	1,433	  	  	 	63%    	  	  				  				  				

 	  	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%    	  	  				  				  				

(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.	
 
36

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
Primary Loans	  			 	  				 				 				 				 				
Primary loans in-force	  	 	636,640	  	  	 	631,591	  	 	 	630,852	  	 	 	624,850	  	 	 	620,415	  	 	 	618,442	  	
Primary delinquent loans	  	 	33,199	  	  	 	35,665	  	 	 	39,786	  	 	 	41,147	  	 	 	42,605	  	 	 	45,861	  	
Primary delinquency rate	  	 	5.21	% 	  	 	5.65	% 	 	 	6.31	% 	 	 	6.59	% 	 	 	6.87	% 	 	 	7.42	% 	
	 						
Flow loans in-force	  	 	608,615	  	  	 	601,472	  	 	 	599,206	  	 	 	591,823	  	 	 	585,719	  	 	 	582,553	  	
Flow delinquent loans	  	 	31,876	  	  	 	34,220	  	 	 	38,177	  	 	 	39,485	  	 	 	40,897	  	 	 	43,733	  	
Flow delinquency rate	  	 	5.24	% 	  	 	5.69	% 	 	 	6.37	% 	 	 	6.67	% 	 	 	6.98	% 	 	 	7.51	% 	
	 						
Bulk loans in-force	  	 	28,025	  	  	 	30,119	  	 	 	31,646	  	 	 	33,027	  	 	 	34,696	  	 	 	35,889	  	
Bulk delinquent loans	  	 	1,323	  	  	 	1,445	  	 	 	1,609	  	 	 	1,662	  	 	 	1,708	  	 	 	2,128	  	
Bulk delinquency rate	  	 	4.72	% 	  	 	4.80	% 	 	 	5.08	% 	 	 	5.03	% 	 	 	4.92	% 	 	 	5.93	% 	
	 						
A minus and sub-prime loans in-force	  	 	31,051	  	  	 	33,805	  	 	 	33,529	  	 	 	34,825	  	 	 	36,219	  	 	 	37,714	  	
A minus and sub-prime delinquent loans	  	 	6,530	  	  	 	7,019	  	 	 	7,851	  	 	 	8,017	  	 	 	8,238	  	 	 	8,789	  	
A minus and sub-prime delinquency rate	  	 	21.03	% 	  	 	20.76	% 	 	 	23.42	% 	 	 	23.02	% 	 	 	22.74	% 	 	 	23.30	% 	
	 						
Pool Loans	  			 	  				 				 				 				 				
Pool loans in-force	  	 	7,709	  	  	 	7,979	  	 	 	8,282	  	 	 	10,125	  	 	 	10,336	  	 	 	10,710	  	
Pool delinquent loans	  	 	447	  	  	 	468	  	 	 	521	  	 	 	549	  	 	 	546	  	 	 	575	  	
Pool delinquency rate	  	 	5.80	% 	  	 	5.87	% 	 	 	6.29	% 	 	 	5.42	% 	 	 	5.28	% 	 	 	5.37	% 	
	 						
Primary Risk In-Force by Credit Quality	  			 	  				 				 				 				 				
Over 735	  	 	52	% 	  	 	52	% 	 	 	51	% 	 	 	51	% 	 	 	51	% 	 	 	50	% 	
680-735	  	 	31	% 	  	 	31	% 	 	 	31	% 	 	 	30	% 	 	 	30	% 	 	 	30	% 	
660-679 (1)	  	 	7	% 	  	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	8	% 	
620-659	  	 	7	% 	  	 	7	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	
< 620	  	 	3	% 	  	 	3	% 	 	 	3	% 	 	 	4	% 	 	 	4	% 	 	 	4	% 	

(1)  	Loans with unknown FICO scores are included in the 660-679 category.	
 
37

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Portfolio Quality Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	  	June 30, 2015	 	
Policy Year	  	Average
Rate (1) 	 	 	% of Total
Reserves (2) 	 	 	Primary
Insurance In-Force	 	  	% of Total	 	 	Primary
Risk In-Force	 	  	% of Total	 	 	Delinquency
Rate	 	
2004 and prior	  	 	6.08	% 	 	 	12.2	% 	 	$	4,724	  	  	 	4.0	% 	 	$	1,073	  	  	 	3.7	% 	 	 	14.18	% 	
2005	  	 	5.67	% 	 	 	12.2	  	 	 	4,063	  	  	 	3.5	  	 	 	1,098	  	  	 	3.7	  	 	 	13.38	% 	
2006	  	 	5.89	% 	 	 	17.4	  	 	 	6,593	  	  	 	5.6	  	 	 	1,686	  	  	 	5.7	  	 	 	12.83	% 	
2007	  	 	5.80	% 	 	 	37.0	  	 	 	16,202	  	  	 	13.8	  	 	 	4,072	  	  	 	13.9	  	 	 	11.87	% 	
2008	  	 	5.33	% 	 	 	17.8	  	 	 	14,065	  	  	 	12.0	  	 	 	3,561	  	  	 	12.1	  	 	 	6.76	% 	
2009	  	 	4.96	% 	 	 	0.7	  	 	 	2,157	  	  	 	1.8	  	 	 	498	  	  	 	1.7	  	 	 	2.07	% 	
2010	  	 	4.69	% 	 	 	0.6	  	 	 	2,786	  	  	 	2.4	  	 	 	679	  	  	 	2.3	  	 	 	1.47	% 	
2011	  	 	4.52	% 	 	 	0.5	  	 	 	3,817	  	  	 	3.3	  	 	 	965	  	  	 	3.3	  	 	 	1.22	% 	
2012	  	 	3.81	% 	 	 	0.5	  	 	 	9,711	  	  	 	8.3	  	 	 	2,485	  	  	 	8.5	  	 	 	0.49	% 	
2013	  	 	3.98	% 	 	 	0.6	  	 	 	16,812	  	  	 	14.4	  	 	 	4,237	  	  	 	14.4	  	 	 	0.39	% 	
2014	  	 	4.39	% 	 	 	0.5	  	 	 	21,815	  	  	 	18.6	  	 	 	5,467	  	  	 	18.6	  	 	 	0.23	% 	
2015	  	 	4.04	% 	 	 	—  	  	 	 	14,395	  	  	 	12.3	  	 	 	3,565	  	  	 	12.1	  	 	 	0.04	% 	
	  				 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 				
Total	  	 	4.87	% 	 	 	100.0	% 	 	$	117,140	  	  	 	100.0	% 	 	$	29,386	  	  	 	100.0	% 	 	 	5.21	% 	

 	  	June 30, 2015	 	 	March 31, 2015	 	 	June 30, 2014	 	 	 	 	
 	  	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)	  	$	29,386	  	 	 	5.21	% 	 	$	28,802	  	  	 	5.65	% 	 	$	27,314	  	  	 	6.87	% 	 				
Top 10 lenders	  	 	11,926	  	 	 	6.61	% 	 	 	12,123	  	  	 	6.98	% 	 	 	12,393	  	  	 	7.96	% 	 				
Top 20 lenders	  	 	14,065	  	 	 	6.12	% 	 	 	14,177	  	  	 	6.54	% 	 	 	14,328	  	  	 	7.88	% 	 				
								
Loan-to-value ratio	  				 				 				  				 				  				 				
95.01% and above	  	$	6,540	  	 	 	7.87	% 	 	$	6,654	  	  	 	8.16	% 	 	$	7,107	  	  	 	8.91	% 	 				
90.01% to 95.00%	  	 	13,006	  	 	 	3.86	% 	 	 	12,398	  	  	 	4.34	% 	 	 	10,738	  	  	 	5.86	% 	 				
80.01% to 90.00%	  	 	9,513	  	 	 	5.07	% 	 	 	9,402	  	  	 	5.51	% 	 	 	9,081	  	  	 	6.73	% 	 				
80.00% and below	  	 	327	  	 	 	3.33	% 	 	 	348	  	  	 	3.37	% 	 	 	388	  	  	 	3.45	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Total	  	$	29,386	  	 	 	5.21	% 	 	$	28,802	  	  	 	5.65	% 	 	$	27,314	  	  	 	6.87	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Loan grade	  				 				 				  				 				  				 				
Prime	  	$	28,221	  	 	 	4.40	% 	 	$	27,593	  	  	 	4.81	% 	 	$	25,965	  	  	 	5.88	% 	 				
A minus and sub-prime	  	 	1,165	  	 	 	21.03	% 	 	 	1,209	  	  	 	21.18	% 	 	 	1,349	  	  	 	22.74	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Total	  	$	29,386	  	 	 	5.21	% 	 	$	28,802	  	  	 	5.65	% 	 	$	27,314	  	  	 	6.87	% 	 				

(1)  	Average Annual Mortgage Interest Rate.	
(2)  	Total reserves were $996 million as of June 30, 2015.	
 
38

 
U.S. Life Insurance Division
 
39

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Net Operating Income (Loss)—U.S. Life Insurance Division
(amounts in millions)

 	    	2015	 	  	2014	 	
 	    	2Q	 	    	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	    			 	    				  				  				  				  				  				  				
Premiums	    	$	769	  	    	$	778	  	  	$	1,547	  	  	$	827	  	  	$	821	  	  	$	762	  	  	$	759	  	  	$	3,169	  	
Net investment income	    	 	677	  	    	 	671	  	  	 	1,348	  	  	 	676	  	  	 	658	  	  	 	671	  	  	 	660	  	  	 	2,665	  	
Net investment gains (losses)	    	 	(7	) 	    	 	(4	) 	  	 	(11	) 	  	 	12	  	  	 	1	  	  	 	25	  	  	 	3	  	  	 	41	  	
Insurance and investment product fees and other	    	 	182	  	    	 	180	  	  	 	362	  	  	 	180	  	  	 	186	  	  	 	175	  	  	 	171	  	  	 	712	  	
	    	 	 	 	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	    	 	1,621	  	    	 	1,625	  	  	 	3,246	  	  	 	1,695	  	  	 	1,666	  	  	 	1,633	  	  	 	1,593	  	  	 	6,587	  	
	    	 	 	 	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	    			 	    				  				  				  				  				  				  				
Benefits and other changes in policy reserves	    	 	1,122	  	    	 	1,091	  	  	 	2,213	  	  	 	1,981	  	  	 	1,722	  	  	 	1,087	  	  	 	1,030	  	  	 	5,820	  	
Interest credited	    	 	150	  	    	 	150	  	  	 	300	  	  	 	154	  	  	 	155	  	  	 	155	  	  	 	154	  	  	 	618	  	
Acquisition and operating expenses, net of deferrals	    	 	167	  	    	 	163	  	  	 	330	  	  	 	168	  	  	 	173	  	  	 	156	  	  	 	161	  	  	 	658	  	
Amortization of deferred acquisition costs and intangibles	    	 	75	  	    	 	73	  	  	 	148	  	  	 	98	  	  	 	91	  	  	 	81	  	  	 	75	  	  	 	345	  	
Goodwill impairment	    	 	—  	  	    	 	—  	  	  	 	—  	  	  	 	299	  	  	 	550	  	  	 	—  	  	  	 	—  	  	  	 	849	  	
Interest expense	    	 	22	  	    	 	25	  	  	 	47	  	  	 	23	  	  	 	22	  	  	 	21	  	  	 	21	  	  	 	87	  	
	    	 	 	 	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	    	 	1,536	  	    	 	1,502	  	  	 	3,038	  	  	 	2,723	  	  	 	2,713	  	  	 	1,500	  	  	 	1,441	  	  	 	8,377	  	
	    	 	 	 	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	    	 	85	  	    	 	123	  	  	 	208	  	  	 	(1,028	) 	  	 	(1,047	) 	  	 	133	  	  	 	152	  	  	 	(1,790	) 	
Provision (benefit) for income taxes	    	 	31	  	    	 	43	  	  	 	74	  	  	 	(278	) 	  	 	(211	) 	  	 	47	  	  	 	57	  	  	 	(385	) 	
	    	 	 	 	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	    	 	54	  	    	 	80	  	  	 	134	  	  	 	(750	) 	  	 	(836	) 	  	 	86	  	  	 	95	  	  	 	(1,405	) 	
	 								
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	    			 	    				  				  				  				  				  				  				
Net investment (gains) losses, net	    	 	2	  	    	 	1	  	  	 	3	  	  	 	(6	) 	  	 	(3	) 	  	 	(17	) 	  	 	(1	) 	  	 	(27	) 	
Goodwill impairment, net	    	 	—  	  	    	 	—  	  	  	 	—  	  	  	 	274	  	  	 	517	  	  	 	—  	  	  	 	—  	  	  	 	791	  	
Expenses related to restructuring, net	    	 	1	  	    	 	—  	  	  	 	1	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	    	 	 	 	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING INCOME (LOSS)	    	$	57	  	    	$	81	  	  	$	138	  	  	$	(482	) 	  	$	(322	) 	  	$	69	  	  	$	94	  	  	$	(641	) 	

Effective tax rate (operating income (loss))	    	 	35.3	% 	    	 	35.3	% 	  	 	35.3	% 	  	 	34.7	% 	  	 	35.8	% 	  	 	35.6	% 	  	 	37.3	% 	  	 	34.7	% 	
 
40

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income—U.S. Life Insurance Division
(amounts in millions)

 	  	U.S. Life Insurance Segment	 	 	 	 	
Three months ended June 30, 2015	  	Long-Term Care
Insurance	 	 	Life Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	597	  	 	$	169	  	 	$	3	  	 	$	769	  	 	$	769	  	
Net investment income	  	 	320	  	 	 	127	  	 	 	230	  	 	 	677	  	 	 	677	  	
Net investment gains (losses)	  	 	(3	) 	 	 	3	  	 	 	(7	) 	 	 	(7	) 	 	 	(7	) 	
Insurance and investment product fees and other	  	 	1	  	 	 	178	  	 	 	3	  	 	 	182	  	 	 	182	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	915	  	 	 	477	  	 	 	229	  	 	 	1,621	  	 	 	1,621	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	780	  	 	 	266	  	 	 	76	  	 	 	1,122	  	 	 	1,122	  	
Interest credited	  	 	—  	  	 	 	68	  	 	 	82	  	 	 	150	  	 	 	150	  	
Acquisition and operating expenses, net of deferrals	  	 	98	  	 	 	52	  	 	 	17	  	 	 	167	  	 	 	167	  	
Amortization of deferred acquisition costs and intangibles	  	 	24	  	 	 	33	  	 	 	18	  	 	 	75	  	 	 	75	  	
Interest expense	  	 	—  	  	 	 	22	  	 	 	—  	  	 	 	22	  	 	 	22	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	902	  	 	 	441	  	 	 	193	  	 	 	1,536	  	 	 	1,536	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	13	  	 	 	36	  	 	 	36	  	 	 	85	  	 	 	85	  	
Provision for income taxes	  	 	5	  	 	 	13	  	 	 	13	  	 	 	31	  	 	 	31	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	8	  	 	 	23	  	 	 	23	  	 	 	54	  	 	 	54	  	
					 	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	2	  	 	 	(2	) 	 	 	2	  	 	 	2	  	 	 	2	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	10	  	 	$	22	  	 	$	25	  	 	$	57	  	 	$	57	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income)	  	 	35.3	% 	 	 	35.3	% 	 	 	35.3	% 	 	 	35.3	% 	 	 	35.3	% 	
			
 	  	U.S. Life Insurance Segment	 	 	 	 	
Three months ended June 30, 2014	  	Long-Term Care
Insurance	 	 	Life Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	577	  	 	$	171	  	 	$	14	  	 	$	762	  	 	$	762	  	
Net investment income	  	 	292	  	 	 	137	  	 	 	242	  	 	 	671	  	 	 	671	  	
Net investment gains (losses)	  	 	3	  	 	 	23	  	 	 	(1	) 	 	 	25	  	 	 	25	  	
Insurance and investment product fees and other	  	 	—  	  	 	 	173	  	 	 	2	  	 	 	175	  	 	 	175	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	872	  	 	 	504	  	 	 	257	  	 	 	1,633	  	 	 	1,633	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	735	  	 	 	257	  	 	 	95	  	 	 	1,087	  	 	 	1,087	  	
Interest credited	  	 	—  	  	 	 	66	  	 	 	89	  	 	 	155	  	 	 	155	  	
Acquisition and operating expenses, net of deferrals	  	 	97	  	 	 	45	  	 	 	14	  	 	 	156	  	 	 	156	  	
Amortization of deferred acquisition costs and intangibles	  	 	27	  	 	 	32	  	 	 	22	  	 	 	81	  	 	 	81	  	
Interest expense	  	 	—  	  	 	 	21	  	 	 	—  	  	 	 	21	  	 	 	21	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	859	  	 	 	421	  	 	 	220	  	 	 	1,500	  	 	 	1,500	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	13	  	 	 	83	  	 	 	37	  	 	 	133	  	 	 	133	  	
Provision for income taxes	  	 	5	  	 	 	29	  	 	 	13	  	 	 	47	  	 	 	47	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	8	  	 	 	54	  	 	 	24	  	 	 	86	  	 	 	86	  	
					 	
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(2	) 	 	 	(15	) 	 	 	—  	  	 	 	(17	) 	 	 	(17	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	6	  	 	$	39	  	 	$	24	  	 	$	69	  	 	$	69	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Effective tax rate (operating income)	  	 	37.1	% 	 	 	35.4	% 	 	 	35.5	% 	 	 	35.6	% 	 	 	35.6	% 	
 
41

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income—U.S. Life Insurance Division
(amounts in millions)

 	  	U.S. Life Insurance Segment	 	 	 	 	
Six months ended June 30, 2015	  	Long-Term Care
Insurance	 	 	Life Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	1,186	  	 	$	348	  	 	$	13	  	 	$	1,547	  	 	$	1,547	  	
Net investment income	  	 	633	  	 	 	254	  	 	 	461	  	 	 	1,348	  	 	 	1,348	  	
Net investment gains (losses)	  	 	—  	  	 	 	6	  	 	 	(17	) 	 	 	(11	) 	 	 	(11	) 	
Insurance and investment product fees and other	  	 	1	  	 	 	356	  	 	 	5	  	 	 	362	  	 	 	362	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,820	  	 	 	964	  	 	 	462	  	 	 	3,246	  	 	 	3,246	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	1,546	  	 	 	516	  	 	 	151	  	 	 	2,213	  	 	 	2,213	  	
Interest credited	  	 	—  	  	 	 	134	  	 	 	166	  	 	 	300	  	 	 	300	  	
Acquisition and operating expenses, net of deferrals	  	 	193	  	 	 	103	  	 	 	34	  	 	 	330	  	 	 	330	  	
Amortization of deferred acquisition costs and intangibles	  	 	50	  	 	 	63	  	 	 	35	  	 	 	148	  	 	 	148	  	
Goodwill impairment	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Interest expense	  	 	—  	  	 	 	47	  	 	 	—  	  	 	 	47	  	 	 	47	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,789	  	 	 	863	  	 	 	386	  	 	 	3,038	  	 	 	3,038	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	31	  	 	 	101	  	 	 	76	  	 	 	208	  	 	 	208	  	
Provision for income taxes	  	 	11	  	 	 	36	  	 	 	27	  	 	 	74	  	 	 	74	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	20	  	 	 	65	  	 	 	49	  	 	 	134	  	 	 	134	  	
					 	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	—  	  	 	 	(4	) 	 	 	7	  	 	 	3	  	 	 	3	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	1	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	20	  	 	$	62	  	 	$	56	  	 	$	138	  	 	$	138	  	

Effective tax rate (operating income)	  	 	35.3	% 	 	 	35.3	% 	 	 	35.3	% 	 	 	35.3	% 	 	 	35.3	% 	
			
 	  	U.S. Life Insurance Segment	 	 	 	 	
Six months ended June 30, 2014	  	Long-Term Care
Insurance	 	 	Life Insurance	 	 	Fixed Annuities	 	 	Total U.S. Life
Insurance Segment	 	 	Total	 	
REVENUES:	  				 				 				 				 			 	
Premiums	  	$	1,142	  	 	$	354	  	 	$	25	  	 	$	1,521	  	 	$	1,521	  	
Net investment income	  	 	582	  	 	 	265	  	 	 	484	  	 	 	1,331	  	 	 	1,331	  	
Net investment gains (losses)	  	 	3	  	 	 	24	  	 	 	1	  	 	 	28	  	 	 	28	  	
Insurance and investment product fees and other	  	 	1	  	 	 	341	  	 	 	4	  	 	 	346	  	 	 	346	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,728	  	 	 	984	  	 	 	514	  	 	 	3,226	  	 	 	3,226	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				 			 	
Benefits and other changes in policy reserves	  	 	1,399	  	 	 	538	  	 	 	180	  	 	 	2,117	  	 	 	2,117	  	
Interest credited	  	 	—  	  	 	 	132	  	 	 	177	  	 	 	309	  	 	 	309	  	
Acquisition and operating expenses, net of deferrals	  	 	190	  	 	 	95	  	 	 	32	  	 	 	317	  	 	 	317	  	
Amortization of deferred acquisition costs and intangibles	  	 	53	  	 	 	58	  	 	 	45	  	 	 	156	  	 	 	156	  	
Interest expense	  	 	—  	  	 	 	42	  	 	 	—  	  	 	 	42	  	 	 	42	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,642	  	 	 	865	  	 	 	434	  	 	 	2,941	  	 	 	2,941	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	86	  	 	 	119	  	 	 	80	  	 	 	285	  	 	 	285	  	
Provision for income taxes	  	 	32	  	 	 	43	  	 	 	29	  	 	 	104	  	 	 	104	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	54	  	 	 	76	  	 	 	51	  	 	 	181	  	 	 	181	  	
					 	
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  				 				 				 				 			 	
Net investment (gains) losses, net	  	 	(2	) 	 	 	(16	) 	 	 	—  	  	 	 	(18	) 	 	 	(18	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	52	  	 	$	60	  	 	$	51	  	 	$	163	  	 	$	163	  	

Effective tax rate (operating income)	  	 	37.0	% 	 	 	36.8	% 	 	 	35.9	% 	 	 	36.6	% 	 	 	36.6	% 	
 
42

 
U.S. Life Insurance Segment
 
43

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Long-Term Care Insurance
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				
Premiums	  	$	597	  	  	$	589	  	 	$	1,186	  	 	$	607	  	 	$	587	  	 	$	577	  	 	$	565	  	 	$	2,336	  	
Net investment income	  	 	320	  	  	 	313	  	 	 	633	  	 	 	303	  	 	 	293	  	 	 	292	  	 	 	290	  	 	 	1,178	  	
Net investment gains (losses)	  	 	(3	) 	  	 	3	  	 	 	—  	  	 	 	6	  	 	 	(1	) 	 	 	3	  	 	 	—  	  	 	 	8	  	
Insurance and investment product fees and other	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	915	  	  	 	905	  	 	 	1,820	  	 	 	916	  	 	 	879	  	 	 	872	  	 	 	856	  	 	 	3,523	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	780	  	  	 	766	  	 	 	1,546	  	 	 	1,545	  	 	 	1,313	  	 	 	735	  	 	 	664	  	 	 	4,257	  	
Interest credited	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	  	 	98	  	  	 	95	  	 	 	193	  	 	 	106	  	 	 	103	  	 	 	97	  	 	 	93	  	 	 	399	  	
Amortization of deferred acquisition costs and intangibles	  	 	24	  	  	 	26	  	 	 	50	  	 	 	34	  	 	 	25	  	 	 	27	  	 	 	26	  	 	 	112	  	
Goodwill impairment	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	154	  	 	 	200	  	 	 	—  	  	 	 	—  	  	 	 	354	  	
Interest expense	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	902	  	  	 	887	  	 	 	1,789	  	 	 	1,839	  	 	 	1,641	  	 	 	859	  	 	 	783	  	 	 	5,122	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	13	  	  	 	18	  	 	 	31	  	 	 	(923	) 	 	 	(762	) 	 	 	13	  	 	 	73	  	 	 	(1,599	) 	
Provision (benefit) for income taxes	  	 	5	  	  	 	6	  	 	 	11	  	 	 	(291	) 	 	 	(234	) 	 	 	5	  	 	 	27	  	 	 	(493	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	8	  	  	 	12	  	 	 	20	  	 	 	(632	) 	 	 	(528	) 	 	 	8	  	 	 	46	  	 	 	(1,106	) 	
	 								
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	2	  	  	 	(2	) 	 	 	—  	  	 	 	(3	) 	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	(5	) 	
Goodwill impairment, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	129	  	 	 	167	  	 	 	—  	  	 	 	—  	  	 	 	296	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	10	  	  	$	10	  	 	$	20	  	 	$	(506	) 	 	$	(361	) 	 	$	6	  	 	$	46	  	 	$	(815	) 	

									
Effective tax rate (operating income (loss))	  	 	35.3	% 	  	 	35.3	% 	 	 	35.3	% 	 	 	34.6	% 	 	 	35.7	% 	 	 	37.1	% 	 	 	37.0	% 	 	 	34.9	% 	
									
SALES:	  				  				 				 				 				 				 				 				
Individual Long-Term Care Insurance	  	$	8	  	  	$	10	  	 	$	18	  	 	$	17	  	 	$	28	  	 	$	24	  	 	$	21	  	 	$	90	  	
Group Long-Term Care Insurance	  	 	1	  	  	 	1	  	 	 	2	  	 	 	6	  	 	 	1	  	 	 	2	  	 	 	1	  	 	 	10	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	9	  	  	$	11	  	 	$	20	  	 	$	23	  	 	$	29	  	 	$	26	  	 	$	22	  	 	$	100	  	

RATIOS:	  				  				 				 				 				 				 				 				
Loss Ratio (1)	  	 	72.6	% 	  	 	72.4	% 	 	 	72.5	% 	 	 	200.1	% 	 	 	173.0	% 	 	 	73.2	% 	 	 	63.3	% 	 	 	128.8	% 	
Gross Benefits Ratio (2)	  	 	130.5	% 	  	 	130.2	% 	 	 	130.3	% 	 	 	254.4	% 	 	 	224.1	% 	 	 	127.3	% 	 	 	117.5	% 	 	 	182.2	% 	

(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.	
 
44

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income and Sales—U.S. Life Insurance Segment—Life Insurance
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				
Premiums	  	$	169	  	  	$	179	  	 	$	348	  	 	$	175	  	 	$	193	  	 	$	171	  	 	$	183	  	 	$	722	  	
Net investment income	  	 	127	  	  	 	127	  	 	 	254	  	 	 	133	  	 	 	123	  	 	 	137	  	 	 	128	  	 	 	521	  	
Net investment gains (losses)	  	 	3	  	  	 	3	  	 	 	6	  	 	 	—  	  	 	 	10	  	 	 	23	  	 	 	1	  	 	 	34	  	
Insurance and investment product fees and other	  	 	178	  	  	 	178	  	 	 	356	  	 	 	179	  	 	 	184	  	 	 	173	  	 	 	168	  	 	 	704	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	477	  	  	 	487	  	 	 	964	  	 	 	487	  	 	 	510	  	 	 	504	  	 	 	480	  	 	 	1,981	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	266	  	  	 	250	  	 	 	516	  	 	 	315	  	 	 	293	  	 	 	257	  	 	 	281	  	 	 	1,146	  	
Interest credited	  	 	68	  	  	 	66	  	 	 	134	  	 	 	67	  	 	 	67	  	 	 	66	  	 	 	66	  	 	 	266	  	
Acquisition and operating expenses, net of deferrals	  	 	52	  	  	 	51	  	 	 	103	  	 	 	45	  	 	 	52	  	 	 	45	  	 	 	50	  	 	 	192	  	
Amortization of deferred acquisition costs and intangibles	  	 	33	  	  	 	30	  	 	 	63	  	 	 	36	  	 	 	46	  	 	 	32	  	 	 	26	  	 	 	140	  	
Goodwill impairment	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	145	  	 	 	350	  	 	 	—  	  	 	 	—  	  	 	 	495	  	
Interest expense	  	 	22	  	  	 	25	  	 	 	47	  	 	 	23	  	 	 	22	  	 	 	21	  	 	 	21	  	 	 	87	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	441	  	  	 	422	  	 	 	863	  	 	 	631	  	 	 	830	  	 	 	421	  	 	 	444	  	 	 	2,326	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	36	  	  	 	65	  	 	 	101	  	 	 	(144	) 	 	 	(320	) 	 	 	83	  	 	 	36	  	 	 	(345	) 	
Provision for income taxes	  	 	13	  	  	 	23	  	 	 	36	  	 	 	—  	  	 	 	11	  	 	 	29	  	 	 	14	  	 	 	54	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	23	  	  	 	42	  	 	 	65	  	 	 	(144	) 	 	 	(331	) 	 	 	54	  	 	 	22	  	 	 	(399	) 	
	 								
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(2	) 	  	 	(2	) 	 	 	(4	) 	 	 	—  	  	 	 	(6	) 	 	 	(15	) 	 	 	(1	) 	 	 	(22	) 	
Goodwill impairment, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	145	  	 	 	350	  	 	 	—  	  	 	 	—  	  	 	 	495	  	
Expenses related to restructuring, net	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	22	  	  	$	40	  	 	$	62	  	 	$	1	  	 	$	13	  	 	$	39	  	 	$	21	  	 	$	74	  	

									
Effective tax rate (operating income)	  	 	35.3	% 	  	 	35.3	% 	 	 	35.3	% 	 	 	NM 	(1)  	 	 	35.2	% 	 	 	35.4	% 	 	 	39.3	% 	 	 	36.2	% 	
									
SALES:	  				  				 				 				 				 				 				 				
Sales by Product:	  				  				 				 				 				 				 				 				
Term Life	  	$	9	  	  	$	9	  	 	$	18	  	 	$	11	  	 	$	13	  	 	$	14	  	 	$	13	  	 	$	51	  	
Universal Life	  	 	4	  	  	 	4	  	 	 	8	  	 	 	7	  	 	 	11	  	 	 	7	  	 	 	6	  	 	 	31	  	
Linked-Benefits	  	 	2	  	  	 	4	  	 	 	6	  	 	 	5	  	 	 	4	  	 	 	5	  	 	 	2	  	 	 	16	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	15	  	  	$	17	  	 	$	32	  	 	$	23	  	 	$	28	  	 	$	26	  	 	$	21	  	 	$	98	  	

 

(1)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
45

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income and Sales—U.S. Life Insurance Segment—Fixed Annuities
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				
Premiums	  	$	3	  	  	$	10	  	 	$	13	  	 	$	45	  	 	$	41	  	 	$	14	  	 	$	11	  	 	$	111	  	
Net investment income	  	 	230	  	  	 	231	  	 	 	461	  	 	 	240	  	 	 	242	  	 	 	242	  	 	 	242	  	 	 	966	  	
Net investment gains (losses)	  	 	(7	) 	  	 	(10	) 	 	 	(17	) 	 	 	6	  	 	 	(8	) 	 	 	(1	) 	 	 	2	  	 	 	(1	) 	
Insurance and investment product fees and other	  	 	3	  	  	 	2	  	 	 	5	  	 	 	1	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	7	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	229	  	  	 	233	  	 	 	462	  	 	 	292	  	 	 	277	  	 	 	257	  	 	 	257	  	 	 	1,083	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	76	  	  	 	75	  	 	 	151	  	 	 	121	  	 	 	116	  	 	 	95	  	 	 	85	  	 	 	417	  	
Interest credited	  	 	82	  	  	 	84	  	 	 	166	  	 	 	87	  	 	 	88	  	 	 	89	  	 	 	88	  	 	 	352	  	
Acquisition and operating expenses, net of deferrals	  	 	17	  	  	 	17	  	 	 	34	  	 	 	17	  	 	 	18	  	 	 	14	  	 	 	18	  	 	 	67	  	
Amortization of deferred acquisition costs and intangibles	  	 	18	  	  	 	17	  	 	 	35	  	 	 	28	  	 	 	20	  	 	 	22	  	 	 	23	  	 	 	93	  	
Interest expense	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	193	  	  	 	193	  	 	 	386	  	 	 	253	  	 	 	242	  	 	 	220	  	 	 	214	  	 	 	929	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	36	  	  	 	40	  	 	 	76	  	 	 	39	  	 	 	35	  	 	 	37	  	 	 	43	  	 	 	154	  	
Provision for income taxes	  	 	13	  	  	 	14	  	 	 	27	  	 	 	13	  	 	 	12	  	 	 	13	  	 	 	16	  	 	 	54	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	23	  	  	 	26	  	 	 	49	  	 	 	26	  	 	 	23	  	 	 	24	  	 	 	27	  	 	 	100	  	
	 								
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	2	  	  	 	5	  	 	 	7	  	 	 	(3	) 	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	25	  	  	$	31	  	 	$	56	  	 	$	23	  	 	$	26	  	 	$	24	  	 	$	27	  	 	$	100	  	

Effective tax rate (operating income)	  	 	35.3	% 	  	 	35.3	% 	 	 	35.3	% 	 	 	33.3	% 	 	 	34.8	% 	 	 	35.5	% 	 	 	36.2	% 	 	 	35.0	% 	
									
SALES:	  				  				 				 				 				 				 				 				
Sales by Product:	  				  				 				 				 				 				 				 				
Single Premium Deferred Annuities	  	$	211	  	  	$	306	  	 	$	517	  	 	$	439	  	 	$	322	  	 	$	400	  	 	$	492	  	 	$	1,653	  	
Single Premium Immediate Annuities	  	 	13	  	  	 	20	  	 	 	33	  	 	 	56	  	 	 	49	  	 	 	29	  	 	 	28	  	 	 	162	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	224	  	  	$	326	  	 	$	550	  	 	$	495	  	 	$	371	  	 	$	429	  	 	$	520	  	 	$	1,815	  	

 
46

Corporate and Other Division
 
47

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Net Operating Loss—Corporate and Other Division
(amounts in millions)

 	    	2015	 	 	2014	 	
 	    	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	    			 	  				 				 				 				 				 				 				
Premiums	    	$	1	  	  	$	—  	  	 	$	1	  	 	$	—  	  	 	$	1	  	 	$	1	  	 	$	1	  	 	$	3	  	
Net investment income	    	 	40	  	  	 	25	  	 	 	65	  	 	 	34	  	 	 	23	  	 	 	34	  	 	 	24	  	 	 	115	  	
Net investment gains (losses)	    	 	(5	) 	  	 	5	  	 	 	—  	  	 	 	(19	) 	 	 	(24	) 	 	 	(3	) 	 	 	(18	) 	 	 	(64	) 	
Insurance and investment product fees and other	    	 	39	  	  	 	49	  	 	 	88	  	 	 	53	  	 	 	50	  	 	 	53	  	 	 	53	  	 	 	209	  	
	    	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	    	 	75	  	  	 	79	  	 	 	154	  	 	 	68	  	 	 	50	  	 	 	85	  	 	 	60	  	 	 	263	  	
	    	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	    			 	  				 				 				 				 				 				 				
Benefits and other changes in policy reserves	    	 	11	  	  	 	7	  	 	 	18	  	 	 	10	  	 	 	13	  	 	 	6	  	 	 	8	  	 	 	37	  	
Interest credited	    	 	31	  	  	 	30	  	 	 	61	  	 	 	31	  	 	 	30	  	 	 	29	  	 	 	29	  	 	 	119	  	
Acquisition and operating expenses, net of deferrals	    	 	34	  	  	 	25	  	 	 	59	  	 	 	30	  	 	 	24	  	 	 	33	  	 	 	30	  	 	 	117	  	
Amortization of deferred acquisition costs and intangibles	    	 	10	  	  	 	6	  	 	 	16	  	 	 	14	  	 	 	6	  	 	 	10	  	 	 	12	  	 	 	42	  	
Interest expense	    	 	75	  	  	 	75	  	 	 	150	  	 	 	76	  	 	 	74	  	 	 	83	  	 	 	82	  	 	 	315	  	
	    	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	    	 	161	  	  	 	143	  	 	 	304	  	 	 	161	  	 	 	147	  	 	 	161	  	 	 	161	  	 	 	630	  	
	    	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	    	 	(86	) 	  	 	(64	) 	 	 	(150	) 	 	 	(93	) 	 	 	(97	) 	 	 	(76	) 	 	 	(101	) 	 	 	(367	) 	
Provision (benefit) for income taxes	    	 	(36	) 	  	 	(27	) 	 	 	(63	) 	 	 	(37	) 	 	 	—  	  	 	 	(24	) 	 	 	(50	) 	 	 	(111	) 	
	    	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS	    	 	(50	) 	  	 	(37	) 	 	 	(87	) 	 	 	(56	) 	 	 	(97	) 	 	 	(52	) 	 	 	(51	) 	 	 	(256	) 	
Income (loss) from discontinued operations, net of taxes	    	 	(314	) 	  	 	1	  	 	 	(313	) 	 	 	138	  	 	 	6	  	 	 	4	  	 	 	9	  	 	 	157	  	
	    	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	    	 	(364	) 	  	 	(36	) 	 	 	(400	) 	 	 	82	  	 	 	(91	) 	 	 	(48	) 	 	 	(42	) 	 	 	(99	) 	
	 								
ADJUSTMENTS TO NET INCOME (LOSS):	    			 	  				 				 				 				 				 				 				
Net investment (gains) losses, net	    	 	1	  	  	 	(6	) 	 	 	(5	) 	 	 	9	  	 	 	11	  	 	 	1	  	 	 	11	  	 	 	32	  	
Expenses related to restructuring, net	    	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Tax impact from potential business portfolio changes	    	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	31	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	31	  	
(Income) loss from discontinued operations, net of taxes	    	 	314	  	  	 	(1	) 	 	 	313	  	 	 	(138	) 	 	 	(6	) 	 	 	(4	) 	 	 	(9	) 	 	 	(157	) 	
	    	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING LOSS	    	$	(48	) 	  	$	(43	) 	 	$	(91	) 	 	$	(16	) 	 	$	(86	) 	 	$	(51	) 	 	$	(40	) 	 	$	(193	) 	

Effective tax rate (operating loss)	    	 	42.2	% 	  	 	38.1 	% (1)  	 	 	40.3	% 	 	 	80.8	% 	 	 	-7.2	% 	 	 	32.1	% 	 	 	52.0	% 	 	 	39.4	% 	

(1)  	The operating loss effective tax rate for the first quarter of 2015 has been re-presented due to the tax allocation process related to the tax associated with noncontrolling interests. There was no impact on the company’s total operating income effective tax rate as the offset was in the Global Mortgage Insurance Division (Canada and Australia).	
 
48

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income (Loss)—Corporate and Other Division
(amounts in millions)

Three months ended June 30, 2015	  	Runoff Segment	 	 	Corporate and Other (1)	 	 	Total	 	
REVENUES:	  				 				 			 	
Premiums	  	$	1	  	 	$	—  	  	 	$	1	  	
Net investment income	  	 	40	  	 	 	—  	  	 	 	40	  	
Net investment gains (losses)	  	 	(8	) 	 	 	3	  	 	 	(5	) 	
Insurance and investment product fees and other	  	 	49	  	 	 	(10	) 	 	 	39	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	82	  	 	 	(7	) 	 	 	75	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 			 	
Benefits and other changes in policy reserves	  	 	11	  	 	 	—  	  	 	 	11	  	
Interest credited	  	 	31	  	 	 	—  	  	 	 	31	  	
Acquisition and operating expenses, net of deferrals	  	 	21	  	 	 	13	  	 	 	34	  	
Amortization of deferred acquisition costs and intangibles	  	 	10	  	 	 	—  	  	 	 	10	  	
Interest expense	  	 	1	  	 	 	74	  	 	 	75	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	74	  	 	 	87	  	 	 	161	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	8	  	 	 	(94	) 	 	 	(86	) 	
Provision (benefit) for income taxes	  	 	2	  	 	 	(38	) 	 	 	(36	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	6	  	 	 	(56	) 	 	 	(50	) 	
Loss from discontinued operations, net of taxes	  	 	—  	  	 	 	(314	) 	 	 	(314	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	6	  	 	 	(370	) 	 	 	(364	) 	
			 	
ADJUSTMENTS TO NET INCOME (LOSS):	  				 				 			 	
Net investment (gains) losses, net	  	 	3	  	 	 	(2	) 	 	 	1	  	
Expenses related to restructuring, net	  	 	—  	  	 	 	1	  	 	 	1	  	
Loss from discontinued operations, net of taxes	  	 	—  	  	 	 	314	  	 	 	314	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	9	  	 	$	(57	) 	 	$	(48	) 	

Effective tax rate (operating income (loss))	  	 	25.7	% 	 	 	42.1	% 	 	 	42.2	% 	
 	  	 	 	 	 	 	 	 	 	
Three months ended June 30, 2014	  	Runoff Segment	 	 	Corporate and Other (1)	 	 	Total	 	
REVENUES:	  				 				 			 	
Premiums	  	$	1	  	 	$	—  	  	 	$	1	  	
Net investment income	  	 	33	  	 	 	1	  	 	 	34	  	
Net investment gains (losses)	  	 	3	  	 	 	(6	) 	 	 	(3	) 	
Insurance and investment product fees and other	  	 	52	  	 	 	1	  	 	 	53	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	89	  	 	 	(4	) 	 	 	85	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 			 	
Benefits and other changes in policy reserves	  	 	6	  	 	 	—  	  	 	 	6	  	
Interest credited	  	 	29	  	 	 	—  	  	 	 	29	  	
Acquisition and operating expenses, net of deferrals	  	 	20	  	 	 	13	  	 	 	33	  	
Amortization of deferred acquisition costs and intangibles	  	 	10	  	 	 	—  	  	 	 	10	  	
Interest expense	  	 	1	  	 	 	82	  	 	 	83	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	66	  	 	 	95	  	 	 	161	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	23	  	 	 	(99	) 	 	 	(76	) 	
Provision (benefit) for income taxes	  	 	5	  	 	 	(29	) 	 	 	(24	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	18	  	 	 	(70	) 	 	 	(52	) 	
Income from discontinued operations, net of taxes	  	 	—  	  	 	 	4	  	 	 	4	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	18	  	 	 	(66	) 	 	 	(48	) 	
			 	
ADJUSTMENTS TO NET INCOME (LOSS):	  				 				 			 	
Net investment (gains) losses, net	  	 	(3	) 	 	 	4	  	 	 	1	  	
Income from discontinued operations, net of taxes	  	 	—  	  	 	 	(4	) 	 	 	(4	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	15	  	 	$	(66	) 	 	$	(51	) 	

Effective tax rate (operating income (loss))	  	 	16.1	% 	 	 	28.9	% 	 	 	32.1	% 	

(1)  	Includes inter-segment eliminations.	
 
49

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income (Loss)—Corporate and Other Division
(amounts in millions)

Six months ended June 30, 2015	  	Runoff Segment	 	 	Corporate and Other (1)	 	 	Total	 	
REVENUES:	  				 				 			 	
Premiums	  	$	1	  	 	$	—  	  	 	$	1	  	
Net investment income	  	 	71	  	 	 	(6	) 	 	 	65	  	
Net investment gains (losses)	  	 	(14	) 	 	 	14	  	 	 	—  	  	
Insurance and investment product fees and other	  	 	98	  	 	 	(10	) 	 	 	88	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	156	  	 	 	(2	) 	 	 	154	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 			 	
Benefits and other changes in policy reserves	  	 	18	  	 	 	—  	  	 	 	18	  	
Interest credited	  	 	61	  	 	 	—  	  	 	 	61	  	
Acquisition and operating expenses, net of deferrals	  	 	40	  	 	 	19	  	 	 	59	  	
Amortization of deferred acquisition costs and intangibles	  	 	15	  	 	 	1	  	 	 	16	  	
Interest expense	  	 	1	  	 	 	149	  	 	 	150	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	135	  	 	 	169	  	 	 	304	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	21	  	 	 	(171	) 	 	 	(150	) 	
Provision (benefit) for income taxes	  	 	5	  	 	 	(68	) 	 	 	(63	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	16	  	 	 	(103	) 	 	 	(87	) 	
Loss from discontinued operations, net of taxes	  	 	—  	  	 	 	(313	) 	 	 	(313	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	16	  	 	 	(416	) 	 	 	(400	) 	
			 	
ADJUSTMENTS TO NET INCOME (LOSS):	  				 				 			 	
Net investment (gains) losses, net	  	 	4	  	 	 	(9	) 	 	 	(5	) 	
Expenses related to restructuring, net	  	 	—  	  	 	 	1	  	 	 	1	  	
Loss from discontinued operations, net of taxes	  	 	—  	  	 	 	313	  	 	 	313	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	20	  	 	$	(111	) 	 	$	(91	) 	

Effective tax rate (operating income (loss))	  	 	26.2	% 	 	 	39.4	% 	 	 	40.3	% 	
 	  	 	 	 	 	 	 	 	 	
Six months ended June 30, 2014	  	Runoff Segment	 	 	Corporate and Other (1)	 	 	Total	 	
REVENUES:	  				 				 			 	
Premiums	  	$	2	  	 	$	—	  	 	$	2	  	
Net investment income	  	 	65	  	 	 	(7	) 	 	 	58	  	
Net investment gains (losses)	  	 	(10	) 	 	 	(11	) 	 	 	(21	) 	
Insurance and investment product fees and other	  	 	105	  	 	 	1	  	 	 	106	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	162	  	 	 	(17	) 	 	 	145	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 			 	
Benefits and other changes in policy reserves	  	 	14	  	 	 	—  	  	 	 	14	  	
Interest credited	  	 	58	  	 	 	—  	  	 	 	58	  	
Acquisition and operating expenses, net of deferrals	  	 	40	  	 	 	23	  	 	 	63	  	
Amortization of deferred acquisition costs and intangibles	  	 	21	  	 	 	1	  	 	 	22	  	
Interest expense	  	 	1	  	 	 	164	  	 	 	165	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	134	  	 	 	188	  	 	 	322	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	28	  	 	 	(205	) 	 	 	(177	) 	
Provision (benefit) for income taxes	  	 	5	  	 	 	(79	) 	 	 	(74	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	23	  	 	 	(126	) 	 	 	(103	) 	
Income from discontinued operations, net of taxes	  	 	—  	  	 	 	13	  	 	 	13	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	23	  	 	 	(113	) 	 	 	(90	) 	
			 	
ADJUSTMENTS TO NET INCOME (LOSS):	  				 				 			 	
Net investment (gains) losses, net	  	 	4	  	 	 	8	  	 	 	12	  	
Income from discontinued operations, net of taxes	  	 	—  	  	 	 	(13	) 	 	 	(13	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	27	  	 	$	(118	) 	 	$	(91	) 	

Effective tax rate (operating income (loss))	  	 	20.2	% 	 	 	38.6	% 	 	 	42.6	% 	

(1)  	Includes inter-segment eliminations.	
 
50

Runoff Segment
 
51

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Income—Runoff Segment
(amounts in millions)

 	    	2015	 	  	2014	 	
 	    	2Q	 	  	1Q	 	  	Total	 	  	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	    			 	  				  				  				  				  				  				  				
Premiums	    	$	1	  	  	$	 —  	  	  	$	1	  	  	$	 —  	  	  	$	1	  	  	$	1	  	  	$	1	  	  	$	3	  	
Net investment income	    	 	40	  	  	 	31	  	  	 	71	  	  	 	32	  	  	 	32	  	  	 	33	  	  	 	32	  	  	 	129	  	
Net investment gains (losses)	    	 	(8	) 	  	 	(6	) 	  	 	(14	) 	  	 	(23	) 	  	 	(33	) 	  	 	3	  	  	 	(13	) 	  	 	(66	) 	
Insurance and investment product fees and other	    	 	49	  	  	 	49	  	  	 	98	  	  	 	51	  	  	 	53	  	  	 	52	  	  	 	53	  	  	 	209	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	    	 	82	  	  	 	74	  	  	 	156	  	  	 	60	  	  	 	53	  	  	 	89	  	  	 	73	  	  	 	275	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	    			 	  				  				  				  				  				  				  				
Benefits and other changes in policy reserves	    	 	11	  	  	 	7	  	  	 	18	  	  	 	10	  	  	 	13	  	  	 	6	  	  	 	8	  	  	 	37	  	
Interest credited	    	 	31	  	  	 	30	  	  	 	61	  	  	 	31	  	  	 	30	  	  	 	29	  	  	 	29	  	  	 	119	  	
Acquisition and operating expenses, net of deferrals	    	 	21	  	  	 	19	  	  	 	40	  	  	 	22	  	  	 	22	  	  	 	20	  	  	 	20	  	  	 	84	  	
Amortization of deferred acquisition costs and intangibles	    	 	10	  	  	 	5	  	  	 	15	  	  	 	13	  	  	 	5	  	  	 	10	  	  	 	11	  	  	 	39	  	
Interest expense	    	 	1	  	  	 	—  	  	  	 	1	  	  	 	—  	  	  	 	—  	  	  	 	1	  	  	 	—  	  	  	 	1	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	    	 	74	  	  	 	61	  	  	 	135	  	  	 	76	  	  	 	70	  	  	 	66	  	  	 	68	  	  	 	280	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	    	 	8	  	  	 	13	  	  	 	21	  	  	 	(16	) 	  	 	(17	) 	  	 	23	  	  	 	5	  	  	 	(5	) 	
Provision (benefit) for income taxes	    	 	2	  	  	 	3	  	  	 	5	  	  	 	(19	) 	  	 	(5	) 	  	 	5	  	  	 	—  	  	  	 	(19	) 	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	    	 	6	  	  	 	10	  	  	 	16	  	  	 	3	  	  	 	(12	) 	  	 	18	  	  	 	5	  	  	 	14	  	
	 								
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	    			 	  				  				  				  				  				  				  				
Net investment (gains) losses, net	    	 	3	  	  	 	1	  	  	 	4	  	  	 	13	  	  	 	17	  	  	 	(3	) 	  	 	7	  	  	 	34	  	
	    	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING INCOME	    	$	9	  	  	$	11	  	  	$	20	  	  	$	16	  	  	$	5	  	  	$	15	  	  	$	12	  	  	$	48	  	

Effective tax rate (operating income)	    	 	25.7	% 	  	 	26.7	% 	  	 	26.2	% 	  	 	NM 	(1)  	  	 	48.2	% 	  	 	16.1	% 	  	 	25.1	% 	  	 	-1.0	% 	

(1)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
52

Corporate and Other
 
53

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Net Operating Loss—Corporate and Other (1)
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	  	Total	 	 	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  			 	  				  				 				  				  				  				  				
Premiums	  	$	—  	  	  	$	—  	  	  	$	—  	  	 	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	  	$	—  	  	
Net investment income	  	 	—  	  	  	 	(6	) 	  	 	(6	) 	 	 	2	  	  	 	(9	) 	  	 	1	  	  	 	(8	) 	  	 	(14	) 	
Net investment gains (losses)	  	 	3	  	  	 	11	  	  	 	14	  	 	 	4	  	  	 	9	  	  	 	(6	) 	  	 	(5	) 	  	 	2	  	
Insurance and investment product fees and other	  	 	(10	) 	  	 	—  	  	  	 	(10	) 	 	 	2	  	  	 	(3	) 	  	 	1	  	  	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	(7	) 	  	 	5	  	  	 	(2	) 	 	 	8	  	  	 	(3	) 	  	 	(4	) 	  	 	(13	) 	  	 	(12	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				  				 				  				  				  				  				
Benefits and other changes in policy reserves	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Interest credited	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Acquisition and operating expenses, net of deferrals	  	 	13	  	  	 	6	  	  	 	19	  	 	 	8	  	  	 	2	  	  	 	13	  	  	 	10	  	  	 	33	  	
Amortization of deferred acquisition costs and intangibles	  	 	—  	  	  	 	1	  	  	 	1	  	 	 	1	  	  	 	1	  	  	 	—  	  	  	 	1	  	  	 	3	  	
Interest expense	  	 	74	  	  	 	75	  	  	 	149	  	 	 	76	  	  	 	74	  	  	 	82	  	  	 	82	  	  	 	314	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	87	  	  	 	82	  	  	 	169	  	 	 	85	  	  	 	77	  	  	 	95	  	  	 	93	  	  	 	350	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(94	) 	  	 	(77	) 	  	 	(171	) 	 	 	(77	) 	  	 	(80	) 	  	 	(99	) 	  	 	(106	) 	  	 	(362	) 	
Provision (benefit) for income taxes	  	 	(38	) 	  	 	(30	) 	  	 	(68	) 	 	 	(18	) 	  	 	5	  	  	 	(29	) 	  	 	(50	) 	  	 	(92	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
LOSS FROM CONTINUING OPERATIONS	  	 	(56	) 	  	 	(47	) 	  	 	(103	) 	 	 	(59	) 	  	 	(85	) 	  	 	(70	) 	  	 	(56	) 	  	 	(270	) 	
Income (loss) from discontinued operations, net of taxes (2)	  	 	(314	) 	  	 	1	  	  	 	(313	) 	 	 	138	  	  	 	6	  	  	 	4	  	  	 	9	  	  	 	157	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET INCOME (LOSS)	  	 	(370	) 	  	 	(46	) 	  	 	(416	) 	 	 	79	  	  	 	(79	) 	  	 	(66	) 	  	 	(47	) 	  	 	(113	) 	
ADJUSTMENTS TO NET INCOME (LOSS):	  			 	  				  				 				  				  				  				  				
Net investment (gains) losses, net	  	 	(2	) 	  	 	(7	) 	  	 	(9	) 	 	 	(4	) 	  	 	(6	) 	  	 	4	  	  	 	4	  	  	 	(2	) 	
Expenses related to restructuring, net	  	 	1	  	  	 	—  	  	  	 	1	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Tax impact from potential business portfolio changes	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	31	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	31	  	
(Income) loss from discontinued operations, net of taxes	  	 	314	  	  	 	(1	) 	  	 	313	  	 	 	(138	) 	  	 	(6	) 	  	 	(4	) 	  	 	(9	) 	  	 	(157	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING LOSS	  	$	(57	) 	  	$	(54	) 	  	$	(111	) 	 	$	(32	) 	  	$	(91	) 	  	$	(66	) 	  	$	(52	) 	  	$	(241	) 	

Effective tax rate (operating loss)	  	 	42.1	% 	  	 	36.2 	% (3)  	  	 	39.4	% 	 	 	61.8	% 	  	 	-1.5	% 	  	 	28.9	% 	  	 	47.7	% 	  	 	34.0	% 	
 
(1)     Includes inter-segment eliminations.
(2)     Operating results of the lifestyle protection insurance business presented as discontinued operations were as follows:

	
  	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	  	Total	 	 	4Q	 	  	3Q	 	  	2Q	 	  	1Q	 	  	Total	 	
REVENUES:	  				  				  				 				  				  				  				  				
Premiums	  	$	168	  	  	$	180	  	  	$	348	  	 	$	173	  	  	$	184	  	  	$	199	  	  	$	174	  	  	$	730	  	
Net investment income	  	 	20	  	  	 	22	  	  	 	42	  	 	 	22	  	  	 	28	  	  	 	21	  	  	 	29	  	  	 	100	  	
Net investment gains (losses)	  	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	1	  	  	 	—  	  	  	 	1	  	  	 	2	  	
Insurance and investment product fees and other	  	 	2	  	  	 	(2	) 	  	 	—  	  	 	 	—  	  	  	 	1	  	  	 	2	  	  	 	1	  	  	 	4	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total revenues	  	 	190	  	  	 	200	  	  	 	390	  	 	 	195	  	  	 	214	  	  	 	222	  	  	 	205	  	  	 	836	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
BENEFITS AND EXPENSES:	  				  				  				 				  				  				  				  				
Benefits and other changes in policy reserves	  	 	53	  	  	 	51	  	  	 	104	  	 	 	48	  	  	 	53	  	  	 	56	  	  	 	46	  	  	 	203	  	
Acquisition and operating expenses, net of deferrals	  	 	105	  	  	 	113	  	  	 	218	  	 	 	107	  	  	 	113	  	  	 	122	  	  	 	105	  	  	 	447	  	
Amortization of deferred acquisition costs and intangibles	  	 	24	  	  	 	26	  	  	 	50	  	 	 	28	  	  	 	30	  	  	 	30	  	  	 	30	  	  	 	118	  	
Interest expense	  	 	6	  	  	 	9	  	  	 	15	  	 	 	11	  	  	 	10	  	  	 	9	  	  	 	15	  	  	 	45	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total benefits and expenses	  	 	188	  	  	 	199	  	  	 	387	  	 	 	194	  	  	 	206	  	  	 	217	  	  	 	196	  	  	 	813	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME BEFORE INCOME TAXES AND OTHER ITEMS	  	 	2	  	  	 	1	  	  	 	3	  	 	 	1	  	  	 	8	  	  	 	5	  	  	 	9	  	  	 	23	  	
Provision (benefit) for income taxes	  	 	10	  	  	 	—  	  	  	 	10	  	 	 	(137	) 	  	 	2	  	  	 	1	  	  	 	—  	  	  	 	(134	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET INCOME (LOSS)	  	 	(8	) 	  	 	1	  	  	 	(7	) 	 	 	138	  	  	 	6	  	  	 	4	  	  	 	9	  	  	 	157	  	
Loss on sale, net of taxes	  	 	(306	) 	  	 	—  	  	  	 	(306	) 	 	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES	  	$	(314	) 	  	$	1	  	  	$	(313	) 	 	$	138	  	  	$	6	  	  	$	4	  	  	$	9	  	  	$	157	  	

(3)	The operating loss effective tax rate for the first quarter of 2015 has been re-presented due to the tax allocation process related to the tax associated with noncontrolling interests. There was no impact on the company’s total operating income effective tax rate as the offset was in the Global Mortgage Insurance Division (Canada and Australia).	
 
54

Additional Financial Data
 
55

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Investments Summary
(amounts in millions)

 	 	 	 	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	
 	 	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	
Composition of Investment Portfolio	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Fixed maturity securities:	 				 			 	 				 				 				 				 				 				 				 				
Investment grade:	 				 			 	 				 				 				 				 				 				 				 				
Public fixed maturity securities	 	$	33,507	  	 	 	45	% 	 	$	34,644	  	 	 	44	% 	 	$	34,263	  	 	 	45	% 	 	$	34,111	  	 	 	45	% 	 	$	34,255	  	 	 	45	% 	
Private fixed maturity securities	 	 	10,877	  	 	 	14	  	 	 	10,962	  	 	 	14	  	 	 	11,034	  	 	 	14	  	 	 	10,934	  	 	 	15	  	 	 	11,053	  	 	 	15	  	
Residential mortgage-backed securities (1)	 	 	4,954	  	 	 	7	  	 	 	5,011	  	 	 	6	  	 	 	5,082	  	 	 	7	  	 	 	4,990	  	 	 	7	  	 	 	5,043	  	 	 	7	  	
Commercial mortgage-backed securities	 	 	2,475	  	 	 	3	  	 	 	2,547	  	 	 	3	  	 	 	2,491	  	 	 	3	  	 	 	2,518	  	 	 	3	  	 	 	2,630	  	 	 	3	  	
Other asset-backed securities	 	 	3,837	  	 	 	5	  	 	 	3,767	  	 	 	5	  	 	 	3,669	  	 	 	5	  	 	 	3,770	  	 	 	5	  	 	 	3,700	  	 	 	5	  	
State and political subdivision	 	 	2,388	  	 	 	3	  	 	 	2,350	  	 	 	3	  	 	 	2,222	  	 	 	3	  	 	 	2,182	  	 	 	3	  	 	 	2,120	  	 	 	3	  	
Non-investment grade fixed maturity securities	 	 	2,530	  	 	 	3	  	 	 	2,623	  	 	 	4	  	 	 	2,515	  	 	 	3	  	 	 	2,586	  	 	 	3	  	 	 	2,282	  	 	 	3	  	
Equity securities:	 				 			 	 				 				 				 				 				 				 				 				
Common stocks and mutual funds	 	 	62	  	 	 	—  	  	 	 	134	  	 	 	—  	  	 	 	187	  	 	 	—  	  	 	 	214	  	 	 	—  	  	 	 	219	  	 	 	—  	  	
Preferred stocks	 	 	237	  	 	 	1	  	 	 	165	  	 	 	—  	  	 	 	88	  	 	 	—  	  	 	 	92	  	 	 	—  	  	 	 	94	  	 	 	—  	  	
Commercial mortgage loans	 	 	6,175	  	 	 	8	  	 	 	6,149	  	 	 	8	  	 	 	6,100	  	 	 	8	  	 	 	6,077	  	 	 	8	  	 	 	5,986	  	 	 	8	  	
Restricted commercial mortgage loans related to securitization entities	 	 	181	  	 	 	—  	  	 	 	188	  	 	 	—  	  	 	 	201	  	 	 	—  	  	 	 	209	  	 	 	—  	  	 	 	217	  	 	 	—  	  	
Policy loans	 	 	1,584	  	 	 	2	  	 	 	1,506	  	 	 	2	  	 	 	1,501	  	 	 	2	  	 	 	1,512	  	 	 	2	  	 	 	1,514	  	 	 	2	  	
Cash, cash equivalents and short-term investments	 	 	4,459	  	 	 	6	  	 	 	5,380	  	 	 	7	  	 	 	4,990	  	 	 	7	  	 	 	3,424	  	 	 	5	  	 	 	3,927	  	 	 	5	  	
Securities lending	 	 	337	  	 	 	—  	  	 	 	323	  	 	 	1	  	 	 	289	  	 	 	1	  	 	 	339	  	 	 	1	  	 	 	277	  	 	 	—  	  	
Other invested assets:	 	Limited partnerships	 	 	216	  	 	 	—  	  	 	 	215	  	 	 	—  	  	 	 	252	  	 	 	—  	  	 	 	262	  	 	 	—  	  	 	 	263	  	 	 	1	  	
	 	Derivatives:	 				 			 	 				 				 				 				 				 				 				 				
	 	Long-term care (LTC) forward starting swap—cash flow	 	 	423	  	 	 	1	  	 	 	948	  	 	 	1	  	 	 	639	  	 	 	1	  	 	 	252	  	 	 	—  	  	 	 	197	  	 	 	—  	  	
	 	Other cash flow	 	 	8	  	 	 	—  	  	 	 	9	  	 	 	—  	  	 	 	6	  	 	 	—  	  	 	 	10	  	 	 	—  	  	 	 	20	  	 	 	—  	  	
	 	Equity index options—non-qualified	 	 	12	  	 	 	—  	  	 	 	15	  	 	 	—  	  	 	 	17	  	 	 	—  	  	 	 	11	  	 	 	—  	  	 	 	4	  	 	 	—  	  	
	 	Other non-qualified	 	 	416	  	 	 	—  	  	 	 	512	  	 	 	1	  	 	 	470	  	 	 	—  	  	 	 	391	  	 	 	1	  	 	 	395	  	 	 	1	  	
	 	Trading portfolio	 	 	368	  	 	 	1	  	 	 	218	  	 	 	—  	  	 	 	241	  	 	 	—  	  	 	 	226	  	 	 	—  	  	 	 	226	  	 	 	—  	  	
	 	Counterparty collateral	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	522	  	 	 	1	  	 	 	417	  	 	 	1	  	
	 	Restricted other invested assets related to securitization entities	 	 	410	  	 	 	1	  	 	 	411	  	 	 	1	  	 	 	411	  	 	 	1	  	 	 	404	  	 	 	1	  	 	 	404	  	 	 	1	  	
	 	Other	 	 	52	  	 	 	—  	  	 	 	48	  	 	 	—  	  	 	 	56	  	 	 	—  	  	 	 	65	  	 	 	—  	  	 	 	60	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total invested assets and cash	 	$	75,508	  	 	 	100	% 	 	$	78,125	  	 	 	100	% 	 	$	76,724	  	 	 	100	% 	 	$	75,101	  	 	 	100	% 	 	$	75,303	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Public Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	14,931	  	 	 	33	% 	 	$	15,531	  	 	 	33	% 	 	$	15,611	  	 	 	34	% 	 	$	15,314	  	 	 	33	% 	 	$	15,392	  	 	 	33	% 	
AA	 		 	 	4,773	  	 	 	11	  	 	 	4,858	  	 	 	11	  	 	 	4,741	  	 	 	10	  	 	 	4,821	  	 	 	11	  	 	 	4,913	  	 	 	11	  	
A	 		 	 	13,441	  	 	 	30	  	 	 	13,845	  	 	 	30	  	 	 	13,645	  	 	 	30	  	 	 	13,550	  	 	 	30	  	 	 	13,181	  	 	 	29	  	
BBB	 		 	 	10,590	  	 	 	23	  	 	 	10,721	  	 	 	23	  	 	 	10,498	  	 	 	23	  	 	 	10,625	  	 	 	23	  	 	 	11,017	  	 	 	24	  	
BB	 		 	 	1,276	  	 	 	3	  	 	 	1,385	  	 	 	3	  	 	 	1,361	  	 	 	3	  	 	 	1,386	  	 	 	3	  	 	 	1,232	  	 	 	3	  	
B	 		 	 	68	  	 	 	—  	  	 	 	75	  	 	 	—  	  	 	 	76	  	 	 	—  	  	 	 	77	  	 	 	—  	  	 	 	82	  	 	 	—  	  	
    CCC and lower	 		 	 	99	  	 	 	—  	  	 	 	108	  	 	 	—  	  	 	 	112	  	 	 	—  	  	 	 	114	  	 	 	—  	  	 	 	112	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total public fixed maturity securities	 	$	45,178	  	 	 	100	% 	 	$	46,523	  	 	 	100	% 	 	$	46,044	  	 	 	100	% 	 	$	45,887	  	 	 	100	% 	 	$	45,929	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Private Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	1,646	  	 	 	11	% 	 	$	1,514	  	 	 	10	% 	 	$	1,569	  	 	 	10	% 	 	$	1,550	  	 	 	10	% 	 	$	1,596	  	 	 	11	% 	
AA	 		 	 	1,957	  	 	 	13	  	 	 	1,956	  	 	 	13	  	 	 	2,007	  	 	 	14	  	 	 	1,803	  	 	 	12	  	 	 	1,696	  	 	 	11	  	
A	 		 	 	4,847	  	 	 	31	  	 	 	4,846	  	 	 	31	  	 	 	4,602	  	 	 	30	  	 	 	4,743	  	 	 	31	  	 	 	4,755	  	 	 	31	  	
BBB	 		 	 	5,853	  	 	 	38	  	 	 	6,010	  	 	 	39	  	 	 	6,088	  	 	 	40	  	 	 	6,099	  	 	 	40	  	 	 	6,251	  	 	 	41	  	
BB	 		 	 	973	  	 	 	6	  	 	 	910	  	 	 	6	  	 	 	792	  	 	 	5	  	 	 	835	  	 	 	5	  	 	 	720	  	 	 	5	  	
B	 		 	 	101	  	 	 	1	  	 	 	127	  	 	 	1	  	 	 	95	  	 	 	1	  	 	 	95	  	 	 	1	  	 	 	57	  	 	 	—  	  	
    CCC and lower	 		 	 	13	  	 	 	—  	  	 	 	18	  	 	 	—  	  	 	 	79	  	 	 	—  	  	 	 	79	  	 	 	1	  	 	 	79	  	 	 	1	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total private fixed maturity securities	 	$	15,390	  	 	 	100	% 	 	$	15,381	  	 	 	100	% 	 	$	15,232	  	 	 	100	% 	 	$	15,204	  	 	 	100	% 	 	$	15,154	  	 	 	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.	
 
56

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Fixed Maturity Securities Summary
(amounts in millions)

 	  	June 30, 2015	 	  	March 31, 2015	 	 	December 31, 2014	 	 	September 30, 2014	 	 	June 30, 2014	 	
 	  	Fair Value	 	  	% of Total	 	  	Fair Value	 	  	% of Total	 	 	Fair Value	 	  	% of Total	 	 	Fair Value	 	  	% of Total	 	 	Fair Value	 	  	% of Total	 	
Fixed Maturity Securities—Security Sector:	  				  			 	  				  				 				  				 				  				 				  				
U.S. government, agencies and government-sponsored enterprises	  	$	5,721	  	  	 	9	% 	  	$	6,132	  	  	 	10	% 	 	$	6,000	  	  	 	10	% 	 	$	5,642	  	  	 	9	% 	 	$	5,483	  	  	 	9	% 	
State and political subdivision	  	 	2,389	  	  	 	4	  	  	 	2,351	  	  	 	4	  	 	 	2,222	  	  	 	4	  	 	 	2,183	  	  	 	4	  	 	 	2,120	  	  	 	3	  	
Foreign government	  	 	1,970	  	  	 	3	  	  	 	1,853	  	  	 	3	  	 	 	1,920	  	  	 	3	  	 	 	1,828	  	  	 	3	  	 	 	1,904	  	  	 	3	  	
U.S. corporate	  	 	25,151	  	  	 	42	  	  	 	25,820	  	  	 	42	  	 	 	25,236	  	  	 	41	  	 	 	25,017	  	  	 	41	  	 	 	24,966	  	  	 	41	  	
Foreign corporate	  	 	13,797	  	  	 	23	  	  	 	14,103	  	  	 	23	  	 	 	14,263	  	  	 	23	  	 	 	14,743	  	  	 	24	  	 	 	14,828	  	  	 	24	  	
Residential mortgage-backed securities	  	 	5,085	  	  	 	9	  	  	 	5,153	  	  	 	8	  	 	 	5,228	  	  	 	9	  	 	 	5,142	  	  	 	8	  	 	 	5,198	  	  	 	9	  	
Commercial mortgage-backed securities	  	 	2,582	  	  	 	4	  	  	 	2,690	  	  	 	4	  	 	 	2,702	  	  	 	4	  	 	 	2,728	  	  	 	5	  	 	 	2,845	  	  	 	5	  	
Other asset-backed securities	  	 	3,873	  	  	 	6	  	  	 	3,802	  	  	 	6	  	 	 	3,705	  	  	 	6	  	 	 	3,808	  	  	 	6	  	 	 	3,739	  	  	 	6	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	60,568	  	  	 	100	% 	  	$	61,904	  	  	 	100	% 	 	$	61,276	  	  	 	100	% 	 	$	61,091	  	  	 	100	% 	 	$	61,083	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Corporate Bond Holdings—Industry Sector:	  				  			 	  				  				 				  				 				  				 				  				
Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	$	8,103	  	  	 	22	% 	  	$	8,273	  	  	 	22	% 	 	$	8,185	  	  	 	22	% 	 	$	8,253	  	  	 	22	% 	 	$	8,335	  	  	 	22	% 	
Utilities	  	 	4,580	  	  	 	12	  	  	 	4,798	  	  	 	13	  	 	 	4,694	  	  	 	13	  	 	 	5,194	  	  	 	14	  	 	 	4,676	  	  	 	13	  	
Energy	  	 	4,416	  	  	 	12	  	  	 	4,564	  	  	 	12	  	 	 	4,531	  	  	 	12	  	 	 	3,982	  	  	 	11	  	 	 	4,569	  	  	 	12	  	
Consumer—non-cyclical	  	 	4,525	  	  	 	12	  	  	 	4,631	  	  	 	12	  	 	 	4,602	  	  	 	12	  	 	 	4,598	  	  	 	12	  	 	 	4,639	  	  	 	12	  	
Consumer—cyclical	  	 	2,337	  	  	 	6	  	  	 	2,373	  	  	 	6	  	 	 	2,358	  	  	 	6	  	 	 	2,362	  	  	 	6	  	 	 	2,322	  	  	 	6	  	
Capital goods	  	 	2,450	  	  	 	7	  	  	 	2,429	  	  	 	7	  	 	 	2,423	  	  	 	7	  	 	 	2,354	  	  	 	6	  	 	 	2,373	  	  	 	6	  	
Industrial	  	 	2,237	  	  	 	6	  	  	 	2,320	  	  	 	6	  	 	 	2,252	  	  	 	6	  	 	 	2,290	  	  	 	6	  	 	 	2,290	  	  	 	6	  	
Technology and communications	  	 	3,120	  	  	 	9	  	  	 	3,104	  	  	 	8	  	 	 	3,037	  	  	 	8	  	 	 	3,084	  	  	 	8	  	 	 	2,995	  	  	 	8	  	
Transportation	  	 	1,634	  	  	 	5	  	  	 	1,692	  	  	 	4	  	 	 	1,614	  	  	 	4	  	 	 	1,658	  	  	 	5	  	 	 	1,634	  	  	 	4	  	
Other	  	 	3,374	  	  	 	9	  	  	 	3,522	  	  	 	10	  	 	 	3,748	  	  	 	10	  	 	 	3,865	  	  	 	10	  	 	 	4,153	  	  	 	11	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	36,776	  	  	 	100	% 	  	 	37,706	  	  	 	100	% 	 	 	37,444	  	  	 	100	% 	 	 	37,640	  	  	 	100	% 	 	 	37,986	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Non-Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	 	443	  	  	 	20	% 	  	 	471	  	  	 	21	% 	 	 	480	  	  	 	23	% 	 	 	481	  	  	 	22	% 	 	 	304	  	  	 	17	% 	
Utilities	  	 	67	  	  	 	3	  	  	 	67	  	  	 	3	  	 	 	83	  	  	 	5	  	 	 	100	  	  	 	5	  	 	 	57	  	  	 	3	  	
Energy	  	 	408	  	  	 	19	  	  	 	363	  	  	 	16	  	 	 	261	  	  	 	13	  	 	 	291	  	  	 	14	  	 	 	278	  	  	 	15	  	
Consumer—non-cyclical	  	 	257	  	  	 	12	  	  	 	262	  	  	 	12	  	 	 	229	  	  	 	11	  	 	 	211	  	  	 	10	  	 	 	217	  	  	 	12	  	
Consumer—cyclical	  	 	99	  	  	 	5	  	  	 	117	  	  	 	5	  	 	 	91	  	  	 	4	  	 	 	71	  	  	 	3	  	 	 	54	  	  	 	3	  	
Capital goods	  	 	234	  	  	 	11	  	  	 	236	  	  	 	11	  	 	 	214	  	  	 	10	  	 	 	292	  	  	 	14	  	 	 	298	  	  	 	17	  	
Industrial	  	 	240	  	  	 	11	  	  	 	238	  	  	 	11	  	 	 	260	  	  	 	13	  	 	 	254	  	  	 	12	  	 	 	240	  	  	 	13	  	
Technology and communications	  	 	337	  	  	 	15	  	  	 	364	  	  	 	16	  	 	 	354	  	  	 	17	  	 	 	358	  	  	 	17	  	 	 	318	  	  	 	18	  	
Transportation	  	 	3	  	  	 	—  	  	  	 	19	  	  	 	1	  	 	 	19	  	  	 	1	  	 	 	20	  	  	 	1	  	 	 	16	  	  	 	1	  	
Other	  	 	84	  	  	 	4	  	  	 	80	  	  	 	4	  	 	 	64	  	  	 	3	  	 	 	42	  	  	 	2	  	 	 	26	  	  	 	1	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	2,172	  	  	 	100	% 	  	 	2,217	  	  	 	100	% 	 	 	2,055	  	  	 	100	% 	 	 	2,120	  	  	 	100	% 	 	 	1,808	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	38,948	  	  	 	100	% 	  	$	39,923	  	  	 	100	% 	 	$	39,499	  	  	 	100	% 	 	$	39,760	  	  	 	100	% 	 	$	39,794	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Fixed Maturity Securities—Contractual Maturity Dates:	  				  			 	  				  				 				  				 				  				 				  				
	 	 									
Due in one year or less	  	$	2,069	  	  	 	3	% 	  	$	1,870	  	  	 	3	% 	 	$	2,060	  	  	 	3	% 	 	$	2,406	  	  	 	4	% 	 	$	2,563	  	  	 	4	% 	
Due after one year through five years	  	 	11,069	  	  	 	19	  	  	 	10,965	  	  	 	18	  	 	 	10,776	  	  	 	18	  	 	 	10,315	  	  	 	17	  	 	 	9,993	  	  	 	16	  	
Due after five years through ten years	  	 	12,212	  	  	 	20	  	  	 	12,198	  	  	 	20	  	 	 	12,334	  	  	 	20	  	 	 	12,934	  	  	 	21	  	 	 	13,179	  	  	 	21	  	
Due after ten years	  	 	23,678	  	  	 	39	  	  	 	25,226	  	  	 	41	  	 	 	24,471	  	  	 	40	  	 	 	23,758	  	  	 	39	  	 	 	23,566	  	  	 	39	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	49,028	  	  	 	81	  	  	 	50,259	  	  	 	82	  	 	 	49,641	  	  	 	81	  	 	 	49,413	  	  	 	81	  	 	 	49,301	  	  	 	80	  	
Mortgage and asset-backed securities	  	 	11,540	  	  	 	19	  	  	 	11,645	  	  	 	18	  	 	 	11,635	  	  	 	19	  	 	 	11,678	  	  	 	19	  	 	 	11,782	  	  	 	20	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	60,568	  	  	 	100	% 	  	$	61,904	  	  	 	100	% 	 	$	61,276	  	  	 	100	% 	 	$	61,091	  	  	 	100	% 	 	$	61,083	  	  	 	100	% 	

 
57

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 General Account GAAP Net Investment Income Yields
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
GAAP Net Investment Income	  			 	  				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	$	645	  	  	$	632	  	 	$	1,277	  	 	$	658	  	 	$	643	  	 	$	658	  	 	$	639	  	 	$	2,598	  	
Fixed maturity securities—non-taxable	  	 	3	  	  	 	3	  	 	 	6	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	12	  	
Commercial mortgage loans	  	 	83	  	  	 	85	  	 	 	168	  	 	 	87	  	 	 	82	  	 	 	81	  	 	 	83	  	 	 	333	  	
Restricted commercial mortgage loans related to securitization entities	  	 	3	  	  	 	4	  	 	 	7	  	 	 	3	  	 	 	3	  	 	 	4	  	 	 	4	  	 	 	14	  	
Equity securities	  	 	4	  	  	 	4	  	 	 	8	  	 	 	3	  	 	 	3	  	 	 	4	  	 	 	4	  	 	 	14	  	
Other invested assets	  	 	17	  	  	 	33	  	 	 	50	  	 	 	22	  	 	 	17	  	 	 	12	  	 	 	18	  	 	 	69	  	
Limited partnerships	  	 	20	  	  	 	7	  	 	 	27	  	 	 	2	  	 	 	10	  	 	 	13	  	 	 	11	  	 	 	36	  	
Restricted other invested assets related to securitization entities	  	 	1	  	  	 	1	  	 	 	2	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	
Policy loans	  	 	35	  	  	 	33	  	 	 	68	  	 	 	34	  	 	 	32	  	 	 	32	  	 	 	31	  	 	 	129	  	
Cash, cash equivalents and short-term investments	  	 	4	  	  	 	3	  	 	 	7	  	 	 	5	  	 	 	7	  	 	 	7	  	 	 	5	  	 	 	24	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	815	  	  	 	805	  	 	 	1,620	  	 	 	819	  	 	 	801	  	 	 	815	  	 	 	799	  	 	 	3,234	  	
Expenses and fees	  	 	(22	) 	  	 	(24	) 	 	 	(46	) 	 	 	(22	) 	 	 	(23	) 	 	 	(24	) 	 	 	(23	) 	 	 	(92	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	$	793	  	  	$	781	  	 	$	1,574	  	 	$	797	  	 	$	778	  	 	$	791	  	 	$	776	  	 	$	3,142	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Annualized Yields	  			 	  				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	 	4.6	% 	  	 	4.6	% 	 	 	4.6	% 	 	 	4.7	% 	 	 	4.6	% 	 	 	4.8	% 	 	 	4.7	% 	 	 	4.7	% 	
Fixed maturity securities—non-taxable	  	 	3.5	% 	  	 	3.5	% 	 	 	3.5	% 	 	 	3.5	% 	 	 	3.4	% 	 	 	3.5	% 	 	 	3.7	% 	 	 	3.5	% 	
Commercial mortgage loans	  	 	5.4	% 	  	 	5.6	% 	 	 	5.5	% 	 	 	5.7	% 	 	 	5.4	% 	 	 	5.5	% 	 	 	5.6	% 	 	 	5.6	% 	
Restricted commercial mortgage loans related to securitization entities	  	 	7.2	% 	  	 	8.2	% 	 	 	7.4	% 	 	 	5.8	% 	 	 	6.6	% 	 	 	6.7	% 	 	 	7.0	% 	 	 	6.6	% 	
Equity securities	  	 	5.6	% 	  	 	6.1	% 	 	 	5.8	% 	 	 	4.6	% 	 	 	4.4	% 	 	 	5.5	% 	 	 	5.2	% 	 	 	5.0	% 	
Other invested assets	  	 	24.2	% 	  	 	60.6	% 	 	 	38.0	% 	 	 	37.1	% 	 	 	27.7	% 	 	 	18.7	% 	 	 	26.3	% 	 	 	27.3	% 	
Limited partnerships (1)	  	 	37.0	% 	  	 	12.0	% 	 	 	23.7	% 	 	 	3.1	% 	 	 	15.3	% 	 	 	19.6	% 	 	 	16.1	% 	 	 	13.6	% 	
Restricted other invested assets related to securitization entities	  	 	1.0	% 	  	 	1.0	% 	 	 	1.0	% 	 	 	2.1	% 	 	 	1.0	% 	 	 	1.0	% 	 	 	1.0	% 	 	 	1.3	% 	
Policy loans	  	 	9.1	% 	  	 	8.8	% 	 	 	8.9	% 	 	 	9.0	% 	 	 	8.5	% 	 	 	8.7	% 	 	 	8.6	% 	 	 	8.7	% 	
Cash, cash equivalents and short-term investments	  	 	0.3	% 	  	 	0.2	% 	 	 	0.3	% 	 	 	0.5	% 	 	 	0.8	% 	 	 	0.7	% 	 	 	0.5	% 	 	 	0.6	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	4.6	% 	  	 	4.6	% 	 	 	4.6	% 	 	 	4.7	% 	 	 	4.6	% 	 	 	4.7	% 	 	 	4.7	% 	 	 	4.7	% 	
Expenses and fees	  	 	-0.1	% 	  	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	 	 	-0.1	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	 	4.5	% 	  	 	4.5	% 	 	 	4.5	% 	 	 	4.6	% 	 	 	4.5	% 	 	 	4.6	% 	 	 	4.6	% 	 	 	4.6	% 	

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 62 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.	
 
58

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Net Investment Gains (Losses), Net—Detail (1) 
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	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	) 	
U.S. government, agencies and government-sponsored enterprises	  	 	—  	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	3	  	
Foreign corporate	  	 	(1	) 	  	 	(4	) 	 	 	(5	) 	 	 	1	  	 	 	2	  	 	 	13	  	 	 	(3	) 	 	 	13	  	
Foreign government	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
Tax-exempt	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	
Mortgage-backed securities	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Equity securities	  	 	8	  	  	 	5	  	 	 	13	  	 	 	1	  	 	 	2	  	 	 	6	  	 	 	1	  	 	 	10	  	
Foreign exchange	  	 	—  	  	  	 	1	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities	  	 	9	  	  	 	3	  	 	 	12	  	 	 	5	  	 	 	8	  	 	 	16	  	 	 	(12	) 	 	 	17	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:	  			 	  				 				 				 				 				 				 				
Alt-A residential mortgage-backed securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Financial hybrid securities	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(3	) 	 	 	—  	  	 	 	—  	  	 	 	(3	) 	
Commercial mortgage loans	  	 	—  	  	  	 	(2	) 	 	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	(2	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments	  	 	—  	  	  	 	(2	) 	 	 	(2	) 	 	 	—  	  	 	 	(4	) 	 	 	(1	) 	 	 	(1	) 	 	 	(6	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized gains (losses) on trading securities	  	 	(11	) 	  	 	4	  	 	 	(7	) 	 	 	10	  	 	 	3	  	 	 	5	  	 	 	8	  	 	 	26	  	
Derivative instruments	  	 	4	  	  	 	(21	) 	 	 	(17	) 	 	 	(24	) 	 	 	(25	) 	 	 	(4	) 	 	 	(14	) 	 	 	(67	) 	
Limited partnerships	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	
Commercial mortgage loans held-for-sale market valuation allowance	  	 	2	  	  	 	1	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	8	  	
Contingent purchase price valuation change	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Net gains (losses) related to securitization entities	  	 	1	  	  	 	5	  	 	 	6	  	 	 	1	  	 	 	(1	) 	 	 	6	  	 	 	4	  	 	 	10	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes	  	 	5	  	  	 	(10	) 	 	 	(5	) 	 	 	(6	) 	 	 	(18	) 	 	 	23	  	 	 	(13	) 	 	 	(14	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes	  	 	5	  	  	 	4	  	 	 	9	  	 	 	1	  	 	 	6	  	 	 	1	  	 	 	1	  	 	 	9	  	
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes	  	 	(6	) 	  	 	5	  	 	 	(1	) 	 	 	1	  	 	 	2	  	 	 	(4	) 	 	 	1	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net	  	$	4	  	  	$	(1	) 	 	$	3	  	 	$	(4	) 	 	$	(10	) 	 	$	20	  	 	$	(11	) 	 	$	(5	) 	

 

(1)  	All adjustments for income taxes assume a 35% tax rate.	
 
59

 
Reconciliations of Non-GAAP Measures
 
60

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
Recon  ciliation of Operating ROE
(amounts in millions)

Twelve Month Rolling Average ROE	  	Twelve months ended	 	
 	  	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended (1)	  	$	(1,643	) 	 	$	(1,274	) 	 	$	(1,244	) 	 	$	(276	) 	 	$	676	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	10,958	  	 	$	11,288	  	 	$	11,532	  	 	$	11,770	  	 	$	11,833	  	
GAAP Basis ROE (1)/(2)	  	 	-15.0	% 	 	 	-11.3	% 	 	 	-10.8	% 	 	 	-2.3	% 	 	 	5.7	% 	
						
Operating ROE	  				 				 				 				 				
Net operating income (loss) for the twelve months ended (1)	  	$	(465	) 	 	$	(430	) 	 	$	(398	) 	 	$	197	  	 	$	655	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	10,958	  	 	$	11,288	  	 	$	11,532	  	 	$	11,770	  	 	$	11,833	  	
Operating ROE (1)/(2)	  	 	-4.2	% 	 	 	-3.8	% 	 	 	-3.5	% 	 	 	1.7	% 	 	 	5.5	% 	
		
Quarterly Average ROE	  	Three months ended	 	
 	  	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	 	September 30,
2014	 	 	June 30,
2014	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended (3)	  	$	(193	) 	 	$	154	  	 	$	(760	) 	 	$	(844	) 	 	$	176	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	10,507	  	 	$	10,555	  	 	$	10,854	  	 	$	11,651	  	 	$	12,051	  	
Annualized GAAP Quarterly Basis ROE (3)/(4)	  	 	-7.3	% 	 	 	5.8	% 	 	 	-28.0	% 	 	 	-29.0	% 	 	 	5.8	% 	
						
Operating ROE	  				 				 				 				 				
Net operating income (loss) for the period ended (3)	  	$	119	  	 	$	154	  	 	$	(415	) 	 	$	(323	) 	 	$	154	  	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	10,507	  	 	$	10,555	  	 	$	10,854	  	 	$	11,651	  	 	$	12,051	  	
Annualized Operating Quarterly Basis ROE (3)/(4)	  	 	4.5	% 	 	 	5.8	% 	 	 	-15.3	% 	 	 	-11.1	% 	 	 	5.1	% 	
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), 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).	
 
61

GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
 
 Reconciliation of Core Yield

 	 	 	  	2015	 	 	2014	 	
 	 	(Assets—amounts in billions)	  	2Q	 	  	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
	 	Reported—Total Invested Assets and Cash	  	$	75.5	  	  	$	78.1	  	 	$	75.5	  	 	$	76.7	  	 	$	75.1	  	 	$	75.3	  	 	$	73.2	  	 	$	76.7	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Securities lending	  	 	0.3	  	  	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	
	 	Unrealized gains (losses)	  	 	4.9	  	  	 	7.8	  	 	 	4.9	  	 	 	6.6	  	 	 	5.3	  	 	 	5.5	  	 	 	4.2	  	 	 	6.6	  	
	 	Derivative counterparty collateral	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	0.5	  	 	 	0.4	  	 	 	0.4	  	 	 	—  	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	Adjusted end of period invested assets and cash	  	$	70.3	  	  	$	70.0	  	 	$	70.3	  	 	$	69.8	  	 	$	69.0	  	 	$	69.1	  	 	$	68.3	  	 	$	69.8	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)	 	Average Invested Assets and Cash Used in Reported Yield Calculation	  	$	70.2	  	  	$	69.9	  	 	$	70.1	  	 	$	69.4	  	 	$	69.1	  	 	$	68.7	  	 	$	68.2	  	 	$	68.9	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	0.2	  	  	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	 	 	0.2	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)	 	Average Invested Assets and Cash Used in Core Yield Calculation	  	 	70.0	  	  	 	69.7	  	 	 	69.9	  	 	 	69.2	  	 	 	68.9	  	 	 	68.5	  	 	 	68.0	  	 	 	68.7	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Portfolios supporting floating products and non-recourse funding obligations (2)	  	 	3.6	  	  	 	3.7	  	 	 	3.7	  	 	 	3.9	  	 	 	4.0	  	 	 	4.2	  	 	 	4.3	  	 	 	4.1	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(C)	 	Average Invested Assets and Cash Used in Core Yield (excl. Floating and Non-Recourse Funding) Calculation	  	$	66.4	  	  	$	66.0	  	 	$	66.2	  	 	$	65.3	  	 	$	64.9	  	 	$	64.3	  	 	$	63.7	  	 	$	64.6	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	(Income—amounts in millions)	  			 	  				 				 				 				 				 				 				
		 								
(D)	 	Reported—Net Investment Income	  	$	793	  	  	$	781	  	 	$	1,574	  	 	$	797	  	 	$	778	  	 	$	791	  	 	$	776	  	 	$	3,142	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Bond calls and commercial mortgage loan prepayments	  	 	17	  	  	 	14	  	 	 	31	  	 	 	18	  	 	 	17	  	 	 	7	  	 	 	10	  	 	 	52	  	
	 	Other non-core items (3)	  	 	(4	) 	  	 	7	  	 	 	3	  	 	 	8	  	 	 	(22	) 	 	 	8	  	 	 	(7	) 	 	 	(13	) 	
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	2	  	  	 	3	  	 	 	5	  	 	 	2	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	11	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(E)	 	Core Net Investment Income	  	 	778	  	  	 	757	  	 	 	1,535	  	 	 	769	  	 	 	780	  	 	 	773	  	 	 	770	  	 	 	3,092	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				
	 	Investment income from portfolios supporting floating products and non-recourse funding obligations (2)	  	 	26	  	  	 	20	  	 	 	46	  	 	 	21	  	 	 	22	  	 	 	23	  	 	 	21	  	 	 	87	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(F)	 	Core Net Investment Income (excl. Floating and Non-Recourse Funding)	  	$	752	  	  	$	737	  	 	$	1,489	  	 	$	748	  	 	$	758	  	 	$	750	  	 	$	749	  	 	$	3,005	  	

(D) / (A)	 	Reported Yield	  	 	4.52	% 	  	 	4.47	% 	 	 	4.49	% 	 	 	4.59	% 	 	 	4.50	% 	 	 	4.61	% 	 	 	4.55	% 	 	 	4.56	% 	
(E) / (B)	 	Core Yield	  	 	4.45	% 	  	 	4.34	% 	 	 	4.40	% 	 	 	4.45	% 	 	 	4.53	% 	 	 	4.51	% 	 	 	4.53	% 	 	 	4.50	% 	
(F) / (C)	 	Core Yield (excl. Floating and Non-Recourse Funding)	  	 	4.53	% 	  	 	4.47	% 	 	 	4.50	% 	 	 	4.58	% 	 	 	4.67	% 	 	 	4.67	% 	 	 	4.70	% 	 	 	4.66	% 	

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)  	Includes cost basis adjustments on structured securities and various other immaterial items.	
 
62

 
Corporate Information
 
63

 GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
SECOND QUARTER 2015
Financial Strength Ratings As Of August 3, 2015

Company	  	Standard & Poor’s Financial
Services LLC (S&P)	  	Moody’s Investors Service,
Inc. (Moody’s)	  	A.M. Best Company, Inc.
(A.M. Best)	
Genworth Financial Mortgage Insurance Pty. Limited (Australia) (1)	  	A+	  	A3	  	Not rated	
Genworth Financial Mortgage Insurance Limited (Europe)	  	BB-	  	Not rated	  	Not rated	
Genworth Financial Mortgage Insurance Company Canada (2)	  	A+	  	Not rated	  	Not rated	
Genworth Seguros de Credito a la Vivienda S.A. de C.V. (3)	  	Not rated	  	Aa3.mx	  	Not rated	
Genworth Mortgage Insurance Corporation	  	BB-	  	Ba1	  	Not rated	
Genworth Residential Mortgage Insurance Corporation of NC	  	BB-	  	Ba1	  	Not rated	
Genworth Life Insurance Company	  	BBB-	  	Baa1	  	A-	
Genworth Life and Annuity Insurance Company	  	BBB-	  	Baa1	  	A-	
Genworth Life Insurance Company of New York	  	BBB-	  	Baa1	  	A-	
Financial Assurance Company Limited	  	A-	  	Not rated	  	Not rated	
Financial Insurance Company Limited	  	A-	  	Not rated	  	Not rated	
The S&P, Moody’s, A.M. Best, Fitch Rating Service (Fitch) and Dominion Bond Rating Service (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.
S&P states that 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 within a major rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “CCC” category. Accordingly, the “A+,” “A-,” “BBB-” and “BB-” ratings are the fifth-, seventh-, tenth- and thirteenth-highest of S&P’s 21 ratings categories.
Moody’s states that insurance companies rated “A” (Good) offer good financial security, that insurance companies rated “Baa” (Adequate) offer adequate financial security and that insurance companies rated “Ba” (Questionable) offer questionable financial security. The “A” (Good), “Baa” (Adequate) and “Ba” (Questionable) ranges are the third-, fourth- and fifth-highest, respectively, of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the group, with 1 being the highest and 3 being the lowest. These modifiers are not added to ratings in the “Aaa” category or to ratings below the “Caa” category. Accordingly, the “A3,” “Baa1” and “Ba1” ratings are the seventh-, eighth- 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 fourth-highest of 15 ratings assigned by A.M. Best, which range from “A++” to “F.”
The Australian mortgage insurance subsidiary also solicits a rating from Fitch. Fitch states that “A” (Strong) rated insurance companies are viewed as possessing strong capacity to meet policyholder and contract obligations. The “A” rating category is the third-highest of nine financial strength rating categories, which range from “AAA” to “C.” The symbol (+) or (-) may be appended to a rating to indicate the relative position of a credit within a rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “B” category. Accordingly, the “A+” rating is the fifth-highest of Fitch’s 21 ratings categories.
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, Fitch 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.

(1)  	Genworth Financial Mortgage Insurance Pty. Limited (Australia) is also rated “A+” by Fitch.	
(2)  	Genworth Financial Mortgage Insurance Company Canada is also rated “AA” by DBRS.	
(3)  	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.	
 
64