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

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
February 4, 2016
Date of Report (Date of earliest event reported)

 

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

 
					
Delaware	 	001-32195	 	80-0873306	
(State or other jurisdiction
of incorporation)	 	(Commission
File Number)	 	(I.R.S. Employer
Identification No.)	
			
6620 West Broad Street, Richmond, VA	 		 	23230	
(Address of principal executive offices)	 		 	(Zip Code)	
(804) 281-6000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)

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

 

Item 2.02	Results of Operations and Financial Condition.	
On February 4, 2016, Genworth Financial, Inc. issued (1) a press release announcing its financial results for the quarter ended December 31, 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 December 31, 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 February 4, 2016.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 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: February 4, 2016	 		 	By:	 	  /s/ Kelly L. Groh	
	 		 		 	Kelly L. Groh
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)	
 
3

Exhibit Index

Exhibit
Number	  	Description of Exhibit	
		
99.1	  	Press Release dated February 4, 2016.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 2015.	
 
4

Exhibit 99.1

Genworth Financial Announces Fourth Quarter 2015 Results
Net Operating Loss Of $0.17 Per Share And Net Loss Per Share Of $0.59 Driven By Annual Assumption Updates In Life Insurance; Loss On Sale From Previously Announced Business Divestitures Also Impacted Net Loss
 
 	•	 	GAAP Annual Assumption Review Complete	
 
 	•	 	Long Term Care Insurance (LTC) Active Life GAAP Margin Of Approximately $2.5 To $3.0 Billion; Statutory Margin Testing Underway And Subject To Regulatory Discussion	
 
 	•	 	Universal Life 1 After-Tax Charges Of $194 Million Reflecting Updates To Persistency, Long Term Interest Rates, Mortality And Other Refinements	
 
 	•	 	Net Loss & Net Operating Loss Include Aggregate Unfavorable Items In Universal Life Of $0.39 Per Diluted Share And Net Favorable Items In LTC Of $0.02 Per Diluted Share	
 
 	•	 	Continued Solid Loss Ratio Performance In U.S., Canada & Australia Mortgage Insurance Businesses	
 
 	•	 	Maintained Strong Capital Positions & Solid Holding Company Liquidity	
 
 	•	 	Initiating U.S. Life Restructuring Plan To Separate And Isolate LTC And Suspend Sales Of Traditional Life And Fixed Annuity Products	
Richmond, VA (February 4, 2016) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the period ended December 31, 2015. The company reported a net loss 2 of $292 million, or $0.59 per diluted share, compared with a net loss of $760 million, or $1.53 per diluted share, in the fourth quarter of 2014. Net operating loss 3 for the fourth quarter of 2015 was $82 million, or $0.17 per diluted share, compared with a net operating loss of $415 million, or $0.83 per diluted share, in the fourth quarter of 2014. The net loss and net operating loss in the quarter include net after-tax charges of $184 million, or $0.37 per diluted share, primarily driven by assumption updates in universal life insurance. Additionally, the net loss includes an after-tax loss of $134 million related to the pending sale of the European mortgage insurance business and an additional after-tax loss of $73 million related to the completed lifestyle protection insurance business sale.
The company reported a net loss of $615 million, or $1.24 per diluted share, in 2015, compared with a net loss of $1,244 million, or $2.51 per diluted share, in 2014. The company reported net operating income of $255 million, or $0.51 per diluted share, in 2015, compared with a net operating loss of $398 million, or $0.80 per diluted share, in 2014.
“We are pleased with the continued strong performance of our mortgage insurance businesses,” said Tom McInerney, President and CEO. “In our U.S. life insurance businesses, we are actively pursuing multiple restructuring actions to separate and isolate our LTC business and narrow our commercial focus, including through the suspension of traditional life and fixed annuity sales.”

1  	Includes both universal life and term universal life insurance.	
2  	Unless otherwise stated, all references in this press release to net loss, net loss per share, book value, book value per share and stockholders’ equity should be read as net loss available to Genworth’s common stockholders, net 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.	
3  	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

Strategic Update
In 2016, the company plans to initiate a series of internal restructuring actions aimed at separating and isolating its LTC business, subject to regulatory and other potential third-party approvals. These actions are focused on addressing LTC legacy block issues that continue to pressure ratings across the organization.
Also, the company has decided to suspend all sales of traditional life insurance and fixed annuity products in the first quarter of 2016 given the continued impact of ratings and recent sales levels of these products. This action is expected to reduce cash expenses by approximately $50 million pre-tax annually and the company expects to record an approximately $15 million pre-tax restructuring charge in the first quarter of 2016 related to this decision. In addition, and as previously announced, the company still expects to achieve annualized cash expense reductions of $100 million pre-tax or more. Actions taken in 2015 are expected to reduce cash expenses by approximately $90 to $100 million pre-tax on an annualized basis, bringing total expected cash expense reductions to $150 million or more.
As of December 31, 2015, the U.S. mortgage insurance (MI) business was compliant with the private mortgage insurer eligibility requirements (PMIERs) capital requirements, with a prudent buffer. The company generated a total of approximately $535 million in PMIERs capital credit in 2015 from three reinsurance transactions approved by the government-sponsored enterprises (GSEs) covering the 2009 through 2015 books of business as well as the intercompany sale of its ownership of affiliated preferred securities for approximately $200 million. With regard to the executed reinsurance transactions, the GSEs reserve the right to reassess the PMIERs capital credit on those transactions if certain conditions are not met, including if the statutory risk-to-capital ratio of the business exceeds 18:1. The company intends to maintain a prudent level of capital in excess of the PMIERs capital requirements.
In January 2016, the company completed the sale of certain blocks of term life insurance to Protective Life Insurance Company. The company expects this transaction to generate capital of approximately $100 to $150 million in aggregate to Genworth, which includes an expected tax payment of over $200 million to the holding company that is scheduled to be settled in July 2016, partially offset by a decrease in the unassigned surplus of the U.S. life insurance companies.
In December 2015, the company completed the sale of its lifestyle protection insurance business to AXA with estimated net proceeds of approximately $400 million, subject to post-closing adjustments. In January 2016, the company redeemed its senior notes due in 2016 using $321 million of proceeds from this transaction.
 
2

During the fourth quarter, the company announced it had entered into an agreement to sell its European mortgage insurance business to AmTrust Financial Services, Inc. that is expected to result in net proceeds of approximately $55 million to the U.S. MI business. The transaction is expected to close in the first quarter of 2016 and is subject to customary conditions, including requisite regulatory approvals.

Consolidated Net Loss & Net Operating Income (Loss)	 	 	 	
 	 	Three months ended December 31
(Unaudited)	 	 	 	 	 	Twelve months ended December 31
(Unaudited)	 	 	 	 	 	 	
 	 	2015	 	 	2014	 	 	 	 	 	2015	 	 	2014	 	 	 	 	 	 	
(Amounts in millions, except per share)	 	Total	 	 	Per
diluted
share	 	 	Total	 	 	Per
diluted
share	 	 	Total 
 % change	 	 	Total	 	 	Per
diluted
share	 	 	Total	 	 	Per
diluted
share	 	 	Total 
 % change	 	 	 	
Net loss available to Genworth’s common stockholders	 	$	(292	) 	 	$	(0.59	) 	 	$	(760	) 	 	$	(1.53	) 	 	 	62	% 	 	$	(615	) 	 	$	(1.24	) 	 	$	(1,244	) 	 	$	(2.51	) 	 	 	51	% 	 		
Net operating income (loss)	 	$	(82	) 	 	$	(0.17	) 	 	$	(415	) 	 	$	(0.83	) 	 	 	80	% 	 	$	255	  	 	$	0.51	  	 	$	(398	) 	 	$	(0.80	) 	 	 	164	% 	 		
Weighted average diluted shares 4	 	 	497.6	  	 				 	 	496.7	  	 				 				 	 	497.4	  	 				 	 	496.4	  	 				 				 		
									
 	 	Three months ended December 31
(Unaudited)	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
 	 	2015	 	 	2014	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Book value per share	 	 	$25.76	  	 	 	$30.04	  	 				 				 				 				 				 				 		
Book value per share, excluding accumulated other comprehensive income (loss)	 	 	$19.71	  	 	 	$21.09	  	 				 				 				 				 				 				 		
In the fourth quarter of 2015, the company changed how it reviews its operating businesses and no longer has separate reporting divisions. Under this new structure, the company has the following five operating business segments: U.S. Mortgage Insurance; Canada Mortgage Insurance; Australia Mortgage Insurance; U.S. Life Insurance (which includes its LTC, life insurance and fixed annuities businesses); and Runoff (which includes the results of non-strategic products which are no longer actively sold). In addition to the five operating business segments, the company also has Corporate and Other activities which include debt financing expenses that are incurred at the Genworth Holdings level, unallocated corporate income and expenses, eliminations of inter-segment transactions and the results of other businesses that are managed outside of the operating segments, including certain smaller international mortgage insurance businesses and discontinued operations. Financial information has been updated for all periods to reflect the reorganized segment reporting structure.

4  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 1.4 million, 1.3 million and 3.2 million, respectively, for the three months ended December 31, 2015, September 30, 2015 and December 31, 2014 and 1.6 million and 5.6 million, respectively, for the twelve months ended December 31, 2015 and 2014 would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations in these periods, dilutive potential weighted-average common shares outstanding would have been 499.0 million, 498.7 million and 499.9 million, respectively, for the three months ended December 31, 2015, September 30, 2015 and December 31, 2014 and 499.0 million and 502.0 million, respectively, for the twelve months ended December 31, 2015 and 2014. Since it had net operating income for the three months ended September 30, 2015 and the twelve months ended December 31, 2015, the company used 498.7 million and 499.0 million, respectively, diluted weighted-average common shares outstanding in the calculation of diluted net operating income per common share.	
 
3

Net investment losses, net of taxes and other adjustments, were zero in the quarter, compared to $22 million in the prior quarter and $4 million in the prior year. Total impairments, net of tax, were $9 million in the quarter, compared to $6 million in the prior quarter and none in the prior year.
Net investment income decreased to $781 million in the quarter, compared to $783 million in the prior quarter and $797 million in the prior year primarily from unfavorable foreign exchange and the continued impact from the low interest rate environment. The reported yield for the current quarter was 4.45 percent. The core yield 3 was 4.35 percent, down from the prior quarter.
Net operating income (loss) results are summarized in the table below:

Net Operating Income (Loss)
(Amounts in millions)	  	Q4 15	 	 	Q3 15	 	 	Q4 14	 	
U.S. Mortgage Insurance	  	$	41	  	 	$	37	  	 	$	21	  	
Canada Mortgage Insurance	  	 	37	  	 	 	38	  	 	 	36	  	
Australia Mortgage Insurance	  	 	22	  	 	 	21	  	 	 	33	  	
U.S. Life Insurance	  	 	(135	) 	 	 	40	  	 	 	(482	) 	
Runoff	  	 	11	  	 	 	(4	) 	 	 	16	  	
Corporate and Other	  	 	(58	) 	 	 	(68	) 	 	 	(39	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Net Operating Income (Loss)	  	$	(82	) 	 	$	64	  	 	$	(415	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
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 loss is included at the end of this press release.
Unless specifically noted in the discussion of results for mortgage insurance businesses in Canada and Australia, references to percentage changes exclude the impact of translating foreign denominated activity into U.S. dollars (foreign exchange). Percentage changes, which include the impact of foreign exchange, are found in a table at the end of this press release. The impact of foreign exchange on results in the fourth quarter of 2015 was an unfavorable $8 million and $6 million versus the prior year in the mortgage insurance businesses in Canada and Australia, respectively.
U.S. Mortgage Insurance

Operating Metrics
(Dollar amounts in millions)	  	Q4 15	 	 	Q3 15	 	 	Q4 14	 	
Net operating income	  	$	41	  	 	$	37	  	 	$	21	  	
New insurance written	  				 				 				
Primary flow	  	$	7,800	  	 	$	9,300	  	 	$	6,900	  	
Loss ratio	  	 	39	% 	 	 	43	% 	 	 	61	% 	
 
4

U.S. MI net operating income was $41 million, compared with $37 million in the prior quarter and $21 million in the prior year. The loss ratio in the current quarter was 39 percent, down four points sequentially from a slight decrease in new delinquencies, continued growth in insurance in force resulting in higher earned premiums and the impact of prior period cancellations. The loss ratio was down 22 points from the prior year reflecting the continued decline in delinquencies from the 2005 to 2008 book years.
Flow new insurance written (NIW) of $7.8 billion decreased 16 percent from the prior quarter from a seasonally smaller purchase originations market but increased 13 percent versus the prior year primarily from a larger purchase originations market. During the fourth quarter, the company’s concentration of single premium lender paid NIW was in line with the prior quarter as it continues 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. The business’s insurance in force grew approximately seven percent during 2015 driven by an expanding purchase originations market, increased market share and its differentiated service offerings.
Canada Mortgage Insurance

Operating Metrics
(Dollar amounts in millions)	  	Q4 15	 	 	Q3 15	 	 	Q4 14	 	
Net operating income	  	$	37	  	 	$	38	  	 	$	36	  	
New insurance written	  				 				 				
Flow	  	$	4,700	  	 	$	6,600	  	 	$	5,500	  	
Bulk	  	$	7,300	  	 	$	4,800	  	 	$	2,300	  	
Loss ratio	  	 	23	% 	 	 	21	% 	 	 	26	% 	
Canada reported net operating income of $37 million versus $38 million in the prior quarter and $36 million in the prior year. The loss ratio in the quarter was 23 percent, up two points from the prior quarter driven by a seasonal increase in new delinquencies, net of cures, primarily from Alberta and Quebec and down three points compared to the prior year. Results included unfavorable foreign exchange of $8 million and lower expenses versus the prior year. Flow NIW was down 26 percent 5 sequentially from a seasonally smaller originations market and was flat 5 year over year. In addition, the company completed several bulk transactions in the quarter of approximately $7.3 billion, consisting of low loan-to-value prime loans, given strong lender demand.
Australia Mortgage Insurance

Operating Metrics
(Dollar amounts in millions)	  	Q4 15	 	 	Q3 15	 	 	Q4 14	 	
Net operating income	  	$	22	  	 	$	21	  	 	$	33	  	
New insurance written	  				 				 				
Flow	  	$	4,600	  	 	$	6,300	  	 	$	8,000	  	
Bulk	  	$	—  	  	 	$	—  	  	 	$	100	  	
Loss ratio	  	 	17	% 	 	 	29	% 	 	 	15	% 	

5  	Percent change excludes the impact of foreign exchange.	
 
5

Australia reported net operating income of $22 million versus $21 million in the prior quarter and $33 million in the prior year. The loss ratio in the quarter was 17 percent, down 12 points sequentially and up two points from the prior year. Results in the prior quarter included actuarial updates that had a negligible impact on earnings, but did unfavorably impact the third quarter loss ratio by approximately seven points. New delinquencies were down 14 percent sequentially and cures were down seven percent sequentially from normal seasonal variation, including improved performance in Queensland and stable performance in Western Australia. Results versus the prior year were also impacted by an unfavorable $9 million related to the company’s further sell down of approximately 14 percent of its ownership in the Australia business in May 2015 and unfavorable foreign exchange of $6 million. Flow NIW was down 24 percent 5 sequentially and down 30 percent 5 year over year from a smaller high loan-to-value originations market primarily driven by regulatory focus on the market and tightened lender risk appetite.
U.S. Life Insurance

Operating Metrics
(Amounts in millions)	  	Q4 15	 	 	Q3 15	 	 	Q4 14	 	
Net operating income (loss)	  				 				 				
Long Term Care Insurance	  	$	19	  	 	$	(10	) 	 	$	(506	) 	
Life Insurance	  	 	(173	) 	 	 	31	  	 	 	1	  	
Fixed Annuities	  	 	19	  	 	 	19	  	 	 	23	  	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance	  	$	(135	) 	 	$	40	  	 	$	(482	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	
Sales	  				 				 				
Long Term Care Insurance	  				 				 				
Individual	  	$	8	  	 	$	7	  	 	$	17	  	
Group	  	 	2	  	 	 	1	  	 	 	6	  	
Life Insurance	  				 				 				
Term Life	  	 	6	  	 	 	7	  	 	 	11	  	
Universal Life	  	 	3	  	 	 	2	  	 	 	7	  	
Linked Benefits	  	 	1	  	 	 	3	  	 	 	5	  	
Fixed Annuities	  	 	314	  	 	 	260	  	 	 	495	  	
Long Term Care Insurance
LTC had net operating income of $19 million, compared with a net operating loss of $10 million in the prior quarter and a net operating loss of $506 million in the prior year.
During the quarter, the company completed its annual review of GAAP active life margins or loss recognition testing. GAAP loss recognition testing margins for the business written since late 1995 were approximately $2.5 to $3.0 billion as higher expected future claim costs were more than offset by the impact of future in force rate actions. The company continues to separately test its acquired LTC blocks (representing business written prior to late 1995) for recoverability as part of testing its GAAP loss recognition margins. The GAAP loss recognition testing margin for the acquired block was slightly positive and did not require an increase to reserves in the quarter. Results in the quarter also reflected $10 million of after-tax favorable items, due largely to assumption updates to loss adjustment expenses impacting claim reserves, partially offset by corrections primarily related to reinsurance. Results in the prior quarter included net unfavorable items of $21 million after-tax while results in the prior year included $494 million after-tax of unfavorable items.
 
6

Existing claims results were unfavorable versus the prior quarter from lower terminations, but favorable versus the prior year from higher terminations. Additionally, results from new claims were unfavorable versus the prior year from an increase in new claim counts and higher severity given the mix of new claims with a higher average reserve. Results in the current quarter also reflected less favorable experience from policies not on claim primarily related to the acquired block of policies. The loss ratio in the current quarter was approximately 73 percent.
Results for the quarter included a favorable impact from higher premiums and reduced benefit options of $38 million after-tax versus the prior quarter and $55 million after-tax versus the prior year related to premium increases from in force rate actions approved and implemented to date. Results in the quarter also reflected a $4 million after-tax increase to reserves associated with profits followed by losses on business written since late 1995. Individual LTC sales of $8 million were higher than the prior quarter, but lower than the prior year.
Life Insurance
Life insurance had a net operating loss of $173 million, compared with net operating income of $31 million in the prior quarter and net operating income of $1 million in the prior year. During the quarter, the company completed its annual review of life assumptions and recorded an after-tax charge of $194 million associated with its universal life insurance products, including $36 million of corrections related to reinsurance inputs. The charge reduced the total life insurance products’ deferred acquisition cost (DAC) and other intangible assets by four percent and increased reserves by two percent versus the prior year reflecting updated assumptions for persistency, long term interest rates, mortality and other refinements. In addition to these initial charges, the assumption changes resulted in an unfavorable $4 million after-tax impact in the fourth quarter, as compared to prior periods, and are also expected to increase future reserve growth and DAC amortization in similar amounts. Results in the prior year reflected a $32 million unfavorable item. Sales of $10 million decreased compared to the prior quarter and the prior year.
Fixed Annuities
Fixed annuities net operating income was $19 million, compared with $19 million in the prior quarter and $23 million in the prior year. Results in the quarter reflect unfavorable impacts from mortality and lower bond call income versus the prior year. Sales in the quarter totaled $314 million, up sequentially and down versus the prior year.
 
7

Runoff
Runoff net operating income was $11 million, compared with a net operating loss of $4 million in the prior quarter and net operating income of $16 million in the prior year reflecting favorable equity market performance versus both the prior quarter and prior year, but less favorable taxes versus the prior year.
Corporate And Other
Corporate and Other net operating loss was $58 million, compared with $68 million in the prior quarter and $39 million in the prior year. Results in the prior quarter included legal accruals and expenses of $17 million after-tax. Results versus the prior quarter and prior year reflected less favorable taxes.
Capital & Liquidity
Genworth maintains solid capital positions in its operating subsidiaries.

Key Capital & Liquidity Metrics
(Dollar amounts in millions)	  	Q4 15	 	 	Q3 15	 	 	Q4 14	 	
U.S. MI	  				 				 				
Consolidated Risk-To-Capital Ratio 6	  	 	16.3:1	  	 	 	14.3:1	  	 	 	14.5:1	  	
Genworth Mortgage Insurance Corporation Risk-To-Capital Ratio 6	  	 	16.4:1	  	 	 	14.3:1	  	 	 	14.3:1	  	
Canada MI	  				 				 				
Minimum Capital Test (MCT) Ratio 6	  	 	233	% 	 	 	228	% 	 	 	225	% 	
Australia MI	  				 				 				
Prescribed Capital Amount (PCA) Ratio 6	  	 	159	% 	 	 	167	% 	 	 	159	% 	
U.S. Life Companies	  				 				 				
Consolidated Risk-Based Capital (RBC) Ratio 6	  	 	430	% 	 	 	444	% 	 	 	438	% 	
Unassigned Surplus 6	  	$	(70	) 	 	$	75	  	 	$	155	  	
Holding Company Cash 7 and Liquid Assets 8	  	$	1,374	  	 	$	983	  	 	$	1,103	  	
Key Points
 
 	•	 	$117 million of dividends and payments from the operating subsidiaries were paid to the holding company during the fourth quarter, including $55 million from the buyback of Australia mortgage insurance business shares. In addition, the holding company received $325 million of proceeds related to the sale of the lifestyle protection insurance business in December 2015 and anticipates to receive approximately $50 million during 2016;	
 
 	•	 	U.S. MI risk-to-capital increased in the quarter as Genworth Mortgage Insurance Corporation eliminated all outstanding intercompany surplus notes reducing the concentration of affiliate assets with no PMIERs impact;	
 
 	•	 	U.S. MI business was compliant with the PMIERs capital requirements with a buffer as of December 31, 2015;	
 
 	•	 	Unassigned surplus and RBC ratio declined versus the prior quarter in part from updates to assumptions for mortality, utilization and other refinements related to the company’s annual review of assumptions in variable annuity products;	

6  	Company estimate for the fourth quarter of 2015, due to timing of the filing of statutory statements.	
7  	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.	
8  	Comprises cash and cash equivalents of $1,124 million, $733 million and $953 million, respectively, and U.S. government bonds of $250 million, $250 million and $150 million, respectively, as of December 31, 2015, September 30, 2015 and December 31, 2014.	
 
8

 	•	 	In January 2016, Genworth Holdings completed the redemption of its senior notes due in 2016 for $321 million using proceeds from the sale of the lifestyle protection insurance business;	
 
 	•	 	The holding company ended the fourth quarter with approximately $1.4 billion of cash and liquid assets, representing a buffer of $907 million in excess of one and a half times annual debt service and restricted cash. When adjusting for the cash used for the January 2016 redemption of the senior notes due in 2016, the buffer would have been $586 million; and	
 
 	•	 	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.	
About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company committed to helping families become more financially secure, self-reliant and prepared for the future. Genworth has leadership positions in 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. Headquartered in Richmond, Virginia, Genworth traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com .
From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the “Investors” section of genworth.com . From time to time, Genworth’s publicly traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage Insurance Australia Limited, separately release financial and other information about their operations. This information can be found at http://genworth.ca and http://www.genworth.com.au .
Conference Call and Financial Supplement Information
This press release and the fourth quarter 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 February 5, 2016. Investors are encouraged to review these materials.
Genworth will conduct a conference call on February 5, 2016 at 8:00 a.m. (ET) to discuss business results, its annual assumption reviews and margin testing, and provide a progress 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 # 858342. 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.
 
9

Replays of the call will be available through February 19, 2016 at 888 203.1112 or 719 457.0820 (outside the U.S.); conference ID # 858342. 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 “net operating income (loss) per common share.” Net operating income (loss) per common share is derived from net operating income (loss). The chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss). The company defines net operating income (loss) as income (loss) from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, 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 fourth quarter of 2014, the company recorded goodwill impairments of $129 million, net of taxes, in the long term care insurance business and $145 million, net of taxes, in the life insurance business. In the third quarter of 2014, the company recorded goodwill impairments of $167 million, net of taxes, in the long term care insurance business and $350 million, net of taxes, in the life insurance business.
The company recognized an estimated loss of $134 million, net of taxes, in the fourth quarter of 2015 for the planned sale of the mortgage insurance business in Europe, as well as a tax charge of $7 million in the third quarter of 2015 from potential business portfolio changes related to this business resulting in a total estimated loss on sale of $141 million in 2015.
In the third quarter of 2015, the company paid an early redemption payment of approximately $1 million, net of taxes and portion attributable to noncontrolling interests, related to the early redemption of Genworth Financial Mortgage Insurance Pty Limited’s notes
 
10

that were scheduled to mature in 2021. In the third quarter of 2015, the company also repurchased approximately $50 million principal amount of Genworth Holdings, Inc.’s notes with various maturity dates for a loss of $1 million, net of taxes. 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. These transactions were excluded from net operating income (loss) for the periods presented as they related to a loss on the early extinguishment of debt.
In the third quarter of 2015, the company recorded a DAC impairment of $296 million, net of taxes, on certain term life insurance policies in connection with entering into an agreement to complete a life block transaction.
In the fourth and second quarters of 2015, the company recorded an after-tax expense of $3 million and $2 million, respectively, related to restructuring costs as part of an expense reduction plan as the company evaluates and appropriately sizes its organizational needs and expenses.
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 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 loss available to Genworth’s common stockholders for the three and twelve months ended December 31, 2015 and 2014, as well as for the three months ended September 30, 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 DAC and other intangible amortization and certain benefit reserves.
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.
 
11

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 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 mortgage insurance businesses, 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. 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. 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. In Australia, the company has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100 percent coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor. The company considers insurance in force and risk in force to be measures of the company’s operating performance because they represent measures of the size of the business at a specific date which will generate revenues and profits in a future period, rather than measures of the company’s revenues or profitability during that period.
Management also regularly monitors and reports a loss ratio for the company’s businesses. For the mortgage insurance businesses, the loss ratio is the ratio of 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.
 
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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 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 European mortgage 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 obtain the necessary regulatory approvals and/or third party consents to execute on the company’s internal restructuring initiatives to separate and isolate its long term care insurance business; (iii) inability to achieve the anticipated or expected results from the company’s internal restructuring initiatives; (iv) 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; (v) 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); (vi) ineffective or inadequate risk management in identifying, controlling or mitigating risks; weaknesses in, or ineffective, internal controls; (vii) inaccurate models to price products, calculate reserves and value assets could have a material adverse impact on the company’s business, results of operations and financial condition; (viii) 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; (ix) inability to retain, attract and motivate qualified employees and independent sales representatives, particularly in the light of the company’s recent business challenges; (x) adverse change in regulatory requirements, including risk-based capital; (xi) 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 as a result of the impact on its financial condition of its capital support for certain long term care insurance related reinsurance arrangements); (xii) downturns and volatility in global economies and equity and credit markets; (xiii) interest rates and changes in rates; (xiv) availability, affordability and adequacy of reinsurance to protect the company against losses; (xv) defaults by counterparties to reinsurance arrangements or derivative instruments; (xvi) changes in valuation of fixed maturity, equity and trading securities; (xvii) defaults or other events impacting the value of the company’s fixed maturity securities portfolio; (xviii) defaults on the company’s commercial mortgage loans or the mortgage loans underlying its investments in commercial mortgage-backed securities and volatility in performance; (xix) competitors; (xx) reliance on, and loss of, key customer or distribution relationships; (xxi) extensive regulation of the company’s businesses and changes in applicable laws and regulations; (xxii) litigation and regulatory investigations or other actions (including the two	
 
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 	shareholder putative class action lawsuits alleging securities law violations filed against the company in 2014, including as further described below); (xxiii) the material weakness in the company’s internal control over financial reporting in the future; (xxiv) 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; (xxv) occurrence of natural or man-made disasters or a pandemic; (xxvi) impact of additional regulations pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act; (xxvii) changes in accounting and reporting standards; (xxviii) impairments of or valuation allowances against the company’s deferred tax assets; (xxix) accelerated amortization of DAC 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); (xxx) political and economic instability or changes in government policies; and (xxxi) fluctuations in foreign currency exchange rates and international securities markets;	
 
 	•	 	Ri sk s re l at i ng p r i m ari l y to the c o m pan y’ s m ortgage i ns ura nc e bu s in esses , in c lu d ing: (i) deterioration in economic conditions or a decline in home prices that adversely affect the company’s loss experience in its mortgage insurance businesses; (ii) competition in the company’s mortgage insurance businesses, including from government and government-owned and GSEs offering mortgage insurance; (iii) changes in regulations adversely affecting the mortgage insurance markets in which the company operates; (iv) inability to meet or maintain the requirements mandated by PMIERs because the GSEs amend them or changes to the GSE’s interpretation of the financial requirements; (v) inability of U.S. mortgage insurance subsidiaries to meet minimum statutory capital requirements and hazardous financial condition standards; (vi) 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; (vii) increases in U.S. mortgage insurance default rates; (viii) uncertainty regarding anticipated benefits from loss mitigation actions or programs in the company’s mortgage insurance businesses; (ix) competition with GSEs may put the company at a disadvantage on pricing and other terms and conditions; (x) decreases in the volume of high loan-to-value mortgage originations or increases in mortgage insurance cancellations; (xi) increases in the use of alternatives to private mortgage insurance and reductions in the level of coverage selected; and (xii) potential liabilities in connection with the company’s U.S. contract underwriting services;	
 
 	•	 	Ri s k s re l at i ng p r i m ari l y to the c o m pan y ’ s l ong term c a r e i n s u r an c e , l i fe i n s u r an c e a n d a n nu it ies bu s in e s s e s , in c lu d ing: (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 quarters of 2014 and 2015) 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; (ii) unanticipated adverse events or actions in connection with the suspension of sales of the company’s life insurance and fixed annuity products; (iii) failure to sufficiently increase demand for the company’s long term care insurance; (iv) 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); (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;	
 
 	•	 	O ther r i s k s , i n c l u di n g: (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	
 
 	•	 	Ri s k s re l at i ng to the c o m p a n y ’ s c o mm on s t o ck , i n c lu d in g : (i) the continued suspension of payment of dividends; and (ii) stock price fluctuations.	
 
14

With respect to risks relating to the previously-disclosed litigation In re Genworth Financial, Inc. Securities Litigations , the court has scheduled a trial to begin on May 9, 2016, and the parties are currently engaging in a mediation process. The plaintiffs have recently taken the position that the class is entitled to recover per share and per bond amounts that, if the plaintiffs were to prevail, would, in the aggregate, be material. There can be no assurance that the mediation will result in a settlement and, if it does not, the company intends to continue to vigorously defend the lawsuit. The company cannot determine or predict the ultimate outcome of this litigation or provide an estimate or range of reasonably possible losses arising from this litigation. Nevertheless, the company believes that it is reasonably possible it will incur additional losses in resolving this litigation beyond the amounts already accrued and, if so, that it is reasonably possible the amount of such losses would be material.
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	
 
15

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

 	  	Three months ended
December 31,	 	 	Twelve months ended
December 31,	 	
	  			 			
	  	2015	 	 	2014	 	 	2015	 	 	2014	 	
Revenues:	  				 				 				 				
Premiums	  	$	1,157	  	 	$	1,214	  	 	$	4,579	  	 	$	4,700	  	
Net investment income	  	 	781	  	 	 	797	  	 	 	3,138	  	 	 	3,142	  	
Net investment gains (losses)	  	 	(16	) 	 	 	(11	) 	 	 	(75	) 	 	 	(22	) 	
Policy fees and other income	  	 	234	  	 	 	229	  	 	 	906	  	 	 	909	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	2,156	  	 	 	2,229	  	 	 	8,548	  	 	 	8,729	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and expenses:	  				 				 				 				
Benefits and other changes in policy reserves	  	 	1,435	  	 	 	2,136	  	 	 	5,149	  	 	 	6,418	  	
Interest credited	  	 	180	  	 	 	185	  	 	 	720	  	 	 	737	  	
Acquisition and operating expenses, net of deferrals	  	 	433	  	 	 	299	  	 	 	1,309	  	 	 	1,138	  	
Amortization of deferred acquisition costs and intangibles	  	 	207	  	 	 	128	  	 	 	966	  	 	 	453	  	
Goodwill impairment	  	 	—  	  	 	 	299	  	 	 	—  	  	 	 	849	  	
Interest expense	  	 	104	  	 	 	106	  	 	 	419	  	 	 	433	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,359	  	 	 	3,153	  	 	 	8,563	  	 	 	10,028	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations before income taxes	  	 	(203	) 	 	 	(924	) 	 	 	(15	) 	 	 	(1,299	) 	
Benefit for income taxes	  	 	(36	) 	 	 	(78	) 	 	 	(9	) 	 	 	(94	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations	  	 	(167	) 	 	 	(846	) 	 	 	(6	) 	 	 	(1,205	) 	
Income (loss) from discontinued operations, net of taxes	  	 	(73	) 	 	 	138	  	 	 	(407	) 	 	 	157	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss	  	 	(240	) 	 	 	(708	) 	 	 	(413	) 	 	 	(1,048	) 	
Less: net income attributable to noncontrolling interests	  	 	52	  	 	 	52	  	 	 	202	  	 	 	196	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss available to Genworth Financial, Inc.’s common stockholders	  	$	(292	) 	 	$	(760	) 	 	$	(615	) 	 	$	(1,244	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				 				 				
Basic	  	$	(0.44	) 	 	$	(1.81	) 	 	$	(0.42	) 	 	$	(2.82	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.44	) 	 	$	(1.81	) 	 	$	(0.42	) 	 	$	(2.82	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				 				 				
Basic	  	$	(0.59	) 	 	$	(1.53	) 	 	$	(1.24	) 	 	$	(2.51	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.59	) 	 	$	(1.53	) 	 	$	(1.24	) 	 	$	(2.51	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average shares outstanding:	  				 				 				 				
Basic	  	 	497.6	  	 	 	496.7	  	 	 	497.4	  	 	 	496.4	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted 4	  	 	497.6	  	 	 	496.7	  	 	 	497.4	  	 	 	496.4	  	

16

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

 	  	Three
months ended
December 31,	 	 	Twelve
months ended
December 31,	 	 	Three
months ended
September 30,
2015	 	
	  	2015	 	 	2014	 	 	2015	 	 	2014	 	 			
Net operating income (loss):	  				 				 				 				 				
U.S. Mortgage Insurance segment	  	$	41	  	 	$	21	  	 	$	179	  	 	$	91	  	 	$	37	  	
Canada Mortgage Insurance segment	  	 	37	  	 	 	36	  	 	 	152	  	 	 	170	  	 	 	38	  	
Australia Mortgage Insurance segment	  	 	22	  	 	 	33	  	 	 	102	  	 	 	200	  	 	 	21	  	
U.S. Life Insurance segment:	  				 				 				 				 				
Long Term Care Insurance	  	 	19	  	 	 	(506	) 	 	 	29	  	 	 	(815	) 	 	 	(10	) 	
Life Insurance	  	 	(173	) 	 	 	1	  	 	 	(80	) 	 	 	74	  	 	 	31	  	
Fixed Annuities	  	 	19	  	 	 	23	  	 	 	94	  	 	 	100	  	 	 	19	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	(135	) 	 	 	(482	) 	 	 	43	  	 	 	(641	) 	 	 	40	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Runoff segment	  	 	11	  	 	 	16	  	 	 	27	  	 	 	48	  	 	 	(4	) 	
Corporate and Other	  	 	(58	) 	 	 	(39	) 	 	 	(248	) 	 	 	(266	) 	 	 	(68	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net operating income (loss)	  	 	(82	) 	 	 	(415	) 	 	 	255	  	 	 	(398	) 	 	 	64	  	
Adjustments to net operating income (loss):	  				 				 				 				 				
Net investment gains (losses), net (see below for reconciliation)	  	 	—  	  	 	 	(4	) 	 	 	(19	) 	 	 	(5	) 	 	 	(22	) 	
Goodwill impairment, net	  	 	—  	  	 	 	(274	) 	 	 	—  	  	 	 	(791	) 	 	 	—  	  	
Gains (losses) on sale of businesses, net	  	 	(134	) 	 	 	—  	  	 	 	(141	) 	 	 	—  	  	 	 	(7	) 	
Gains (losses) on early extinguishment of debt, net	  	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	(2	) 	 	 	(2	) 	
Gains (losses) from life block transactions, net	  	 	—  	  	 	 	—  	  	 	 	(296	) 	 	 	—  	  	 	 	(296	) 	
Expenses related to restructuring, net	  	 	(3	) 	 	 	—  	  	 	 	(5	) 	 	 	—  	  	 	 	—  	  	
Tax impact from potential business portfolio changes	  	 	—  	  	 	 	(205	) 	 	 	—  	  	 	 	(205	) 	 	 	—  	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations available to Genworth Financial, Inc.’s common stockholders	  	 	(219	) 	 	 	(898	) 	 	 	(208	) 	 	 	(1,401	) 	 	 	(263	) 	
Net income attributable to noncontrolling interests	  	 	52	  	 	 	52	  	 	 	202	  	 	 	196	  	 	 	46	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss from continuing operations	  	 	(167	) 	 	 	(846	) 	 	 	(6	) 	 	 	(1,205	) 	 	 	(217	) 	
Income (loss) from discontinued operations, net of taxes	  	 	(73	) 	 	 	138	  	 	 	(407	) 	 	 	157	  	 	 	(21	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss	  	 	(240	) 	 	 	(708	) 	 	 	(413	) 	 	 	(1,048	) 	 	 	(238	) 	
Less: net income attributable to noncontrolling interests	  	 	52	  	 	 	52	  	 	 	202	  	 	 	196	  	 	 	46	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net loss available to Genworth Financial, Inc.’s common stockholders	  	$	(292	) 	 	$	(760	) 	 	$	(615	) 	 	$	(1,244	) 	 	$	(284	) 	

Net loss available to Genworth Financial, Inc.’s common stockholders per common share:	  				 				 				 				 				
Basic	  	$	(0.59	) 	 	$	(1.53	) 	 	$	(1.24	) 	 	$	(2.51	) 	 	$	(0.57	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.59	) 	 	$	(1.53	) 	 	$	(1.24	) 	 	$	(2.51	) 	 	$	(0.57	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net operating income (loss) per common share:	  				 				 				 				 				
Basic	  	$	(0.17	) 	 	$	(0.83	) 	 	$	0.51	  	 	$	(0.80	) 	 	$	0.13	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.17	) 	 	$	(0.83	) 	 	$	0.51	  	 	$	(0.80	) 	 	$	0.13	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average shares outstanding:	  				 				 				 				 				
Basic	  	 	497.6	  	 	 	496.7	  	 	 	497.4	  	 	 	496.4	  	 	 	497.4	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted 4	  	 	497.6	  	 	 	496.7	  	 	 	497.4	  	 	 	496.4	  	 	 	497.4	  	

Reconciliation of net investment gains (losses):	  				 				 				 				 				
Net investment gains (losses), gross	  	$	(16	) 	 	$	(11	) 	 	$	(75	) 	 	$	(22	) 	 	$	(51	) 	
Adjustments for:	  				 				 				 				 				
Deferred acquisition costs and other intangible amortization and certain benefit reserves	  	 	12	  	 	 	1	  	 	 	35	  	 	 	14	  	 	 	9	  	
Net investment gains (losses) attributable to noncontrolling interests	  	 	3	  	 	 	1	  	 	 	9	  	 	 	—  	  	 	 	8	  	
Taxes	  	 	1	  	 	 	5	  	 	 	12	  	 	 	3	  	 	 	12	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes and other adjustments	  	$	—  	  	 	$	(4	) 	 	$	(19	) 	 	$	(5	) 	 	$	(22	) 	

17

Condensed Consolidated Balance Sheets
(Amounts in millions)

 	  	December 31,
2015	 	 	December 31,
2014	 	
Assets	  				 				
Cash, cash equivalents and invested assets	  	$	75,746	  	 	$	77,078	  	
Deferred acquisition costs	  	 	4,398	  	 	 	4,852	  	
Intangible assets and goodwill	  	 	357	  	 	 	265	  	
Reinsurance recoverable	  	 	17,245	  	 	 	17,291	  	
Deferred tax and other assets	  	 	675	  	 	 	479	  	
Separate account assets	  	 	7,883	  	 	 	9,208	  	
Assets held for sale	  	 	127	  	 	 	2,143	  	
	  	 	 	 	 	 	 	 	
Total assets	  	$	106,431	  	 	$	111,316	  	
	  	 	 	 	 	 	 	 	
Liabilities and equity	  				 				
Liabilities:	  				 				
Future policy benefits	  	$	36,475	  	 	$	35,915	  	
Policyholder account balances	  	 	26,209	  	 	 	26,032	  	
Liability for policy and contract claims	  	 	8,095	  	 	 	7,881	  	
Unearned premiums	  	 	3,308	  	 	 	3,485	  	
Deferred tax and other liabilities	  	 	3,028	  	 	 	4,092	  	
Borrowings related to securitization entities	  	 	179	  	 	 	219	  	
Non-recourse funding obligations	  	 	1,920	  	 	 	1,981	  	
Long-term borrowings	  	 	4,570	  	 	 	4,612	  	
Separate account liabilities	  	 	7,883	  	 	 	9,208	  	
Liabilities held for sale	  	 	127	  	 	 	1,094	  	
	  	 	 	 	 	 	 	 	
Total liabilities	  	 	91,794	  	 	 	94,519	  	
	  	 	 	 	 	 	 	 	
Equity:	  				 				
Common stock	  	 	1	  	 	 	1	  	
Additional paid-in capital	  	 	11,949	  	 	 	11,997	  	
	  	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  				 				
Net unrealized investment gains (losses):	  				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	1,236	  	 	 	2,431	  	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	18	  	 	 	22	  	
	  	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	1,254	  	 	 	2,453	  	
	  	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	2,045	  	 	 	2,070	  	
Foreign currency translation and other adjustments	  	 	(289	) 	 	 	(77	) 	
	  	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)	  	 	3,010	  	 	 	4,446	  	
Retained earnings	  	 	564	  	 	 	1,179	  	
Treasury stock, at cost	  	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	12,824	  	 	 	14,923	  	
Noncontrolling interests	  	 	1,813	  	 	 	1,874	  	
	  	 	 	 	 	 	 	 	
Total equity	  	 	14,637	  	 	 	16,797	  	
	  	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	106,431	  	 	$	111,316	  	

18

									
Impact of Foreign Exchange on Operating Results 9
Three months ended December 31, 2015

	
  	  	Percentages
Including
Foreign
Exchange	 	 	Percentages
Excluding
Foreign
Exchange 10	 	
Canada Mortgage Insurance (MI):	  				 				
Flow new insurance written	  	 	(15	)% 	 	 	—  	% 	
Flow new insurance written (4Q15 vs. 3Q15)	  	 	(29	)% 	 	 	(26	)% 	
			
Australia MI:	  				 				
Flow new insurance written	  	 	(43	)% 	 	 	(30	)% 	
Flow new insurance written (4Q15 vs. 3Q15)	  	 	(27	)% 	 	 	(24	)% 	

9  	All percentages are comparing the fourth quarter of 2015 to the fourth quarter of 2014 unless otherwise stated.	
10  	The impact of foreign exchange was calculated using the comparable prior period exchange rates.	
 
19

Reconciliation of Core Yield to Reported Yield

(Assets—amounts in billions)	  	Three
months ended
December 31,
2015	 	
Reported Total Invested Assets and Cash	  	$	75.1	  	
Subtract:	  				
Securities lending	  	 	0.3	  	
Unrealized gains (losses)	  	 	4.2	  	
Derivative counterparty collateral	  	 	—  	  	
	  	 	 	 	
Adjusted end of period invested assets	  	$	70.6	  	
	  	 	 	 	
Average Invested Assets Used in Reported Yield Calculation	  	$	70.2	  	
Subtract:	  				
Restricted commercial mortgage loans and other invested assets related to securitization entities 11	  	 	0.2	  	
	  	 	 	 	
Average Invested Assets Used in Core Yield Calculation	  	$	70.0	  	

(Income—amounts in millions)	  	 	 	
Reported Net Investment Income	  	$	781	  	
Subtract:	  				
Bond calls and commercial mortgage loan prepayments	  	 	18	  	
Other non-core items 12	  	 	(2	) 	
Restricted commercial mortgage loans and other invested assets related to securitization entities 11	  	 	3	  	
	  	 	 	 	
Core Net Investment Income	  	$	762	  	
	  	 	 	 	
Reported Yield	  	 	4.45	% 	
	  	 	 	 	
Core Yield	  	 	4.35	% 	

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

Table of Contents
EXHIBIT 99.2

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 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 Business	  				
Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance Segment	  	 	16-22	  	
Net Operating Income and Sales—Canada Mortgage Insurance Segment	  	 	24-27	  	
Net Operating Income and Sales—Australia Mortgage Insurance Segment	  	 	29-32	  	
Net Operating Income (Loss) and Sales—U.S. Life Insurance Segment	  	 	34-37	  	
Net Operating Income (Loss)—Runoff Segment	  	 	39	  	
Net Operating Loss and Other Metrics—Corporate and Other Activities	  	 	41	  	
		
Additional Financial Data	  				
Investments Summary	  	 	43	  	
Fixed Maturity Securities Summary	  	 	44	  	
General Account GAAP Net Investment Income Yields	  	 	45	  	
Net Investment Gains (Losses), Net—Detail	  	 	46	  	
		
Reconciliations of Non-GAAP Measures	  				
Reconciliation of Operating Return On Equity (ROE)	  	 	48	  	
Reconciliation of Core Yield	  	 	49	  	
		
Corporate Information	  				
Industry Ratings	  	 	51	  	
Note:
Unless otherwise noted, references in this financial supplement to income (loss) from continuing operations, income (loss) from continuing operations per share, net income (loss), net income (loss) per share, book value and book value per common share should be read as income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders, income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share, net income (loss) available to Genworth Financial, Inc.’s common stockholders, net income (loss) available to Genworth Financial, Inc.’s common stockholders per share, book value available to Genworth Financial, Inc.’s common stockholders and book value available to Genworth Financial, Inc.’s common stockholders per share, respectively.
 
2

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 Dear Investor,
In the fourth quarter of 2015, the company changed how it reviews its operating businesses and no longer has separate reporting divisions. Under the new structure, the company has the following five operating business segments: U.S. Mortgage Insurance; Canada Mortgage Insurance; Australia Mortgage Insurance; U.S Life Insurance (which includes its long-term care insurance, life insurance and fixed annuities businesses); and Runoff (which includes the results of non-strategic products which are no longer actively sold). In addition to the five operating business segments, the company also has Corporate and Other activities which include debt financing expenses that are incurred at the Genworth Holdings level, unallocated corporate income and expenses, eliminations of inter-segment transactions and the results of other businesses that are managed outside of the operating segments, including certain smaller international mortgage insurance businesses and discontinued operations. Financial information has been updated for all periods to reflect the reorganized segment reporting structure.
Beginning in the fourth quarter of 2015, the mortgage insurance business in Europe is being separately presented as held for sale and its balance sheet for all prior periods herein has been re-presented. During 2015, the company recognized an after-tax loss of $141 million, including $134 million recorded in the fourth quarter of 2015, related to the planned sale of this business. The company expects the transaction to close in the first quarter of 2016, subject to customary closing conditions, including requisite regulatory approvals.
On December 31, 2015, the company early adopted new accounting guidance issued by the Financial Accounting Standards Board related to the presentation of debt issuance costs on the balance sheet. All prior periods in this financial supplement have been re-presented to reflect the retrospective impacts of this accounting change.
Thank you for your continued interest in Genworth Financial.
Regards,
Amy Corbin
Investor Relations
InvestorInfo@genworth.com
 
3

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH 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 fourth quarter of 2014, the company recorded goodwill impairments of $129 million, net of taxes, in the long-term care insurance business and $145 million, net of taxes, in the life insurance business. In the third quarter of 2014, the company recorded goodwill impairments of $167 million, net of taxes, in the long-term care insurance business and $350 million, net of taxes, in the life insurance business.
The company recognized an estimated loss of $134 million, net of taxes, in the fourth quarter of 2015 for the planned sale of the mortgage insurance business in Europe, as well as a tax charge of $7 million in the third quarter of 2015 from potential business portfolio changes related to this business resulting in a total estimated loss on sale of $141 million in 2015.
In the third quarter of 2015, the company paid an early redemption payment of approximately $1 million, net of taxes and portion attributable to noncontrolling interests, related to the early redemption of Genworth Financial Mortgage Insurance Pty Limited’s notes that were scheduled to mature in 2021. In the third quarter of 2015, the company also repurchased approximately $50 million principal amount of Genworth Holdings, Inc.’s notes with various maturity dates for a loss of $1 million, net of taxes. 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. These transactions were excluded from net operating income (loss) for the periods presented as they related to a loss on the early extinguishment of debt.
In the third quarter of 2015, the company recorded a DAC impairment of $296 million, net of taxes, on certain term life insurance policies in connection with entering into an agreement to complete a life block transaction.
In the fourth and second quarters of 2015, the company recorded an after-tax expense of $3 million and $2 million, respectively, related to restructuring costs as part of an expense reduction plan as the company evaluates and appropriately sizes its organizational needs and expenses.
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 48 and 49 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 46).

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

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH 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 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 mortgage insurance businesses, 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. 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. 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. In Australia, the company has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100% coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor. The company considers insurance in-force and risk in-force to be measures of the company’s operating performance because they represent measures of the size of the business at a specific date which will generate revenues and profits in a future period, rather than measures of the company’s revenues or profitability during that period.
Management also regularly monitors and reports a loss ratio for the company’s businesses. For the mortgage insurance businesses, the loss ratio is the ratio of 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

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 Financial Highlights
(amounts in millions, except per share data)

Balance Sheet Data	  	December 31,
2015	 	 	September 30,
2015	 	 	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	  	$	9,814	  	 	$	10,101	  	 	$	10,381	  	 	$	10,632	  	 	$	10,477	  	
Total accumulated other comprehensive income	  	 	3,010	  	 	 	3,478	  	 	 	3,309	  	 	 	4,692	  	 	 	4,446	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	$	12,824	  	 	$	13,579	  	 	$	13,690	  	 	$	15,324	  	 	$	14,923	  	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Book value per common share	  	$	25.76	  	 	$	27.29	  	 	$	27.52	  	 	$	30.81	  	 	$	30.04	  	
Book value per common share, excluding accumulated other comprehensive income	  	$	19.71	  	 	$	20.30	  	 	$	20.87	  	 	$	21.38	  	 	$	21.09	  	
Common shares outstanding as of the balance sheet date	  	 	497.8	  	 	 	497.5	  	 	 	497.4	  	 	 	497.4	  	 	 	496.7	  	
		
 	  	Twelve months ended	 	
Twelve Month Rolling Average ROE	  	December 31,
2015	 	 	September 30,
2015	 	 	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	
GAAP Basis ROE	  	 	-6.0%	  	 	 	-10.3%	  	 	 	-15.0%	  	 	 	-11.3%	  	 	 	-10.8%	  	
Operating ROE (1)	  	 	  2.5%	  	 	 	  -0.7%	  	 	 	  -4.2%	  	 	 	  -3.8%	  	 	 	  -3.5%	  	
		
 	  	Three months ended	 	
Quarterly Average ROE	  	December 31,
2015	 	 	September 30,
2015	 	 	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	
GAAP Basis ROE	  	 	-11.7%	  	 	 	-11.1%	  	 	 	-7.3%	  	 	 	5.8%	  	 	 	-28.0%	  	
Operating ROE (1)	  	 	  -3.3%	  	 	 	   2.5%	  	 	 	 4.5%	  	 	 	5.8%	  	 	 	-15.3%	  	

Basic and Diluted Shares	 	Three months ended
December 31, 2015	 	 	Twelve months ended
December 31, 2015	 	
Weighted-average common shares used in basic earnings per common share calculations	 	 	497.6	  	 	 	497.4	  	
Potentially dilutive securities:	 				 				
Stock options, restricted stock units and stock appreciation rights	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	
Weighted-average common shares used in diluted earnings per common share calculations (2)	 	 	497.6	  	 	 	497.4	  	

(1)  	See page 48 herein for a reconciliation of GAAP Basis ROE to Operating ROE.	
(2)  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations for the three and twelve months ended December 31, 2015, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three and twelve months ended December 31, 2015, as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 1.4 million and 1.6 million, respectively, would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations for the three and twelve months ended December 31, 2015, dilutive potential weighted-average common shares outstanding would have been 499.0 million.	
 
6

Table of Contents
 Consolidated Quarterly Results
 
7

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

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	1,157	  	 	$	1,145	  	 	$	1,134	  	 	$	1,143	  	 	$	4,579	  	 	$	1,214	  	 	$	1,210	  	 	$	1,144	  	 	$	1,132	  	 	$	4,700	  	
Net investment income	 	 	781	  	 	 	783	  	 	 	793	  	 	 	781	  	 	 	3,138	  	 	 	797	  	 	 	778	  	 	 	791	  	 	 	776	  	 	 	3,142	  	
Net investment gains (losses)	 	 	(16	) 	 	 	(51	) 	 	 	8	  	 	 	(16	) 	 	 	(75	) 	 	 	(11	) 	 	 	(27	) 	 	 	34	  	 	 	(18	) 	 	 	(22	) 	
Policy fees and other income	 	 	234	  	 	 	223	  	 	 	222	  	 	 	227	  	 	 	906	  	 	 	229	  	 	 	229	  	 	 	225	  	 	 	226	  	 	 	909	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	2,156	  	 	 	2,100	  	 	 	2,157	  	 	 	2,135	  	 	 	8,548	  	 	 	2,229	  	 	 	2,190	  	 	 	2,194	  	 	 	2,116	  	 	 	8,729	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	1,435	  	 	 	1,290	  	 	 	1,232	  	 	 	1,192	  	 	 	5,149	  	 	 	2,136	  	 	 	1,934	  	 	 	1,200	  	 	 	1,148	  	 	 	6,418	  	
Interest credited	 	 	180	  	 	 	179	  	 	 	181	  	 	 	180	  	 	 	720	  	 	 	185	  	 	 	185	  	 	 	184	  	 	 	183	  	 	 	737	  	
Acquisition and operating expenses, net of deferrals	 	 	433	  	 	 	314	  	 	 	295	  	 	 	267	  	 	 	1,309	  	 	 	299	  	 	 	284	  	 	 	282	  	 	 	273	  	 	 	1,138	  	
Amortization of deferred acquisition costs and intangibles	 	 	207	  	 	 	563	  	 	 	101	  	 	 	95	  	 	 	966	  	 	 	128	  	 	 	113	  	 	 	108	  	 	 	104	  	 	 	453	  	
Goodwill impairment	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	299	  	 	 	550	  	 	 	—  	  	 	 	—  	  	 	 	849	  	
Interest expense	 	 	104	  	 	 	105	  	 	 	103	  	 	 	107	  	 	 	419	  	 	 	106	  	 	 	104	  	 	 	112	  	 	 	111	  	 	 	433	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	2,359	  	 	 	2,451	  	 	 	1,912	  	 	 	1,841	  	 	 	8,563	  	 	 	3,153	  	 	 	3,170	  	 	 	1,886	  	 	 	1,819	  	 	 	10,028	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	(203	) 	 	 	(351	) 	 	 	245	  	 	 	294	  	 	 	(15	) 	 	 	(924	) 	 	 	(980	) 	 	 	308	  	 	 	297	  	 	 	(1,299	) 	
Provision (benefit) for income taxes	 	 	(36	) 	 	 	(134	) 	 	 	70	  	 	 	91	  	 	 	(9	) 	 	 	(78	) 	 	 	(187	) 	 	 	84	  	 	 	87	  	 	 	(94	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	(167	) 	 	 	(217	) 	 	 	175	  	 	 	203	  	 	 	(6	) 	 	 	(846	) 	 	 	(793	) 	 	 	224	  	 	 	210	  	 	 	(1,205	) 	
Income (loss) from discontinued operations, net of taxes (1)	 	 	(73	) 	 	 	(21	) 	 	 	(314	) 	 	 	1	  	 	 	(407	) 	 	 	138	  	 	 	6	  	 	 	4	  	 	 	9	  	 	 	157	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	 	 	(240	) 	 	 	(238	) 	 	 	(139	) 	 	 	204	  	 	 	(413	) 	 	 	(708	) 	 	 	(787	) 	 	 	228	  	 	 	219	  	 	 	(1,048	) 	
Less: net income attributable to noncontrolling interests	 	 	52	  	 	 	46	  	 	 	54	  	 	 	50	  	 	 	202	  	 	 	52	  	 	 	57	  	 	 	52	  	 	 	35	  	 	 	196	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	$	(292	) 	 	$	(284	) 	 	$	(193	) 	 	$	154	  	 	$	(615	) 	 	$	(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	 	$	(0.44	) 	 	$	(0.53	) 	 	$	0.24	  	 	$	0.31	  	 	$	(0.42	) 	 	$	(1.81	) 	 	$	(1.71	) 	 	$	0.35	  	 	$	0.35	  	 	$	(2.82	) 	
Diluted	 	$	(0.44	) 	 	$	(0.53	) 	 	$	0.24	  	 	$	0.31	  	 	$	(0.42	) 	 	$	(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	 	$	(0.59	) 	 	$	(0.57	) 	 	$	(0.39	) 	 	$	0.31	  	 	$	(1.24	) 	 	$	(1.53	) 	 	$	(1.70	) 	 	$	0.35	  	 	$	0.37	  	 	$	(2.51	) 	
Diluted	 	$	(0.59	) 	 	$	(0.57	) 	 	$	(0.39	) 	 	$	0.31	  	 	$	(1.24	) 	 	$	(1.53	) 	 	$	(1.70	) 	 	$	0.35	  	 	$	0.37	  	 	$	(2.51	) 	
Weighted-average common shares outstanding	 				 				 				 				 				 				 				 				 				 				
Basic	 	 	497.6	  	 	 	497.4	  	 	 	497.4	  	 	 	497.0	  	 	 	497.4	  	 	 	496.7	  	 	 	496.6	  	 	 	496.6	  	 	 	495.8	  	 	 	496.4	  	
Diluted (2)	 	 	497.6	  	 	 	497.4	  	 	 	499.3	  	 	 	498.9	  	 	 	497.4	  	 	 	496.7	  	 	 	496.6	  	 	 	503.6	  	 	 	502.7	  	 	 	496.4	  	

(1)	Income (loss) from discontinued operations related to the lifestyle protection business that was sold on December 1, 2015.	
(2)  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 1.4 million, 1.3 million, 3.2 million and 5.4 million, respectively, for the three months ended December 31, 2015, September 30, 2015, December 31, 2014 and September 30, 2014 and 1.6 million and 5.6 million, respectively, for the twelve months ended December 31, 2015 and 2014 would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations in these periods, dilutive potential weighted-average common shares outstanding would have been 499.0 million, 498.7 million, 499.9 million and 502.0 million, respectively, for the three months ended December 31, 2015, September 30, 2015, December 31, 2014 and September 30, 2014 and 499.0 million and 502.0 million, respectively, for the twelve months ended December 31, 2015 and 2014.	
 
8

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
 Net Operating Income (Loss) by Segment by Quarter
(amounts in millions, except per share amounts)

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
U.S. Mortgage Insurance segment	  	$	41	  	  	$	37	  	 	$	49	  	 	$	52	  	 	$	179	  	 	$	21	  	 	$	(2	) 	 	$	39	  	 	$	33	  	 	$	91	  	
Canada Mortgage Insurance segment	  	 	37	  	  	 	38	  	 	 	37	  	 	 	40	  	 	 	152	  	 	 	36	  	 	 	46	  	 	 	47	  	 	 	41	  	 	 	170	  	
Australia Mortgage Insurance segment	  	 	22	  	  	 	21	  	 	 	29	  	 	 	30	  	 	 	102	  	 	 	33	  	 	 	48	  	 	 	57	  	 	 	62	  	 	 	200	  	
U.S. Life Insurance segment:	  			 	  				 				 				 				 				 				 				 				 				
Long-Term Care Insurance	  	 	19	  	  	 	(10	) 	 	 	10	  	 	 	10	  	 	 	29	  	 	 	(506	) 	 	 	(361	) 	 	 	6	  	 	 	46	  	 	 	(815	) 	
Life Insurance	  	 	(173	) 	  	 	31	  	 	 	22	  	 	 	40	  	 	 	(80	) 	 	 	1	  	 	 	13	  	 	 	39	  	 	 	21	  	 	 	74	  	
Fixed Annuities	  	 	19	  	  	 	19	  	 	 	25	  	 	 	31	  	 	 	94	  	 	 	23	  	 	 	26	  	 	 	24	  	 	 	27	  	 	 	100	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Life Insurance segment	  	 	(135	) 	  	 	40	  	 	 	57	  	 	 	81	  	 	 	43	  	 	 	(482	) 	 	 	(322	) 	 	 	69	  	 	 	94	  	 	 	(641	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Runoff segment	  	 	11	  	  	 	(4	) 	 	 	9	  	 	 	11	  	 	 	27	  	 	 	16	  	 	 	5	  	 	 	15	  	 	 	12	  	 	 	48	  	
Corporate and Other	  	 	(58	) 	  	 	(68	) 	 	 	(62	) 	 	 	(60	) 	 	 	(248	) 	 	 	(39	) 	 	 	(98	) 	 	 	(73	) 	 	 	(56	) 	 	 	(266	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	 	(82	) 	  	 	64	  	 	 	119	  	 	 	154	  	 	 	255	  	 	 	(415	) 	 	 	(323	) 	 	 	154	  	 	 	186	  	 	 	(398	) 	
ADJUSTMENTS TO NET OPERATING INCOME (LOSS):	  			 	  				 				 				 				 				 				 				 				 				
Net investment gains (losses), net	  	 	—  	  	  	 	(22	) 	 	 	4	  	 	 	(1	) 	 	 	(19	) 	 	 	(4	) 	 	 	(10	) 	 	 	20	  	 	 	(11	) 	 	 	(5	) 	
Goodwill impairment, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(274	) 	 	 	(517	) 	 	 	—  	  	 	 	—  	  	 	 	(791	) 	
Gains (losses) on sale of business, net	  	 	(134	) 	  	 	(7	) 	 	 	—  	  	 	 	—  	  	 	 	(141	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Gains (losses) on early extinguishment of debt, net	  	 	—  	  	  	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	(2	) 	
Gains (losses) from life block transactions, net	  	 	—  	  	  	 	(296	) 	 	 	—  	  	 	 	—  	  	 	 	(296	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	(3	) 	  	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	(5	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Tax impact from potential business portfolio changes	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(205	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(205	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL INC.’S COMMON STOCKHOLDERS	  	 	(219	) 	  	 	(263	) 	 	 	121	  	 	 	153	  	 	 	(208	) 	 	 	(898	) 	 	 	(850	) 	 	 	172	  	 	 	175	  	 	 	(1,401	) 	
Net income attributable to noncontrolling interests	  	 	52	  	  	 	46	  	 	 	54	  	 	 	50	  	 	 	202	  	 	 	52	  	 	 	57	  	 	 	52	  	 	 	35	  	 	 	196	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(167	) 	  	 	(217	) 	 	 	175	  	 	 	203	  	 	 	(6	) 	 	 	(846	) 	 	 	(793	) 	 	 	224	  	 	 	210	  	 	 	(1,205	) 	
Income (loss) from discontinued operations, net of taxes	  	 	(73	) 	  	 	(21	) 	 	 	(314	) 	 	 	1	  	 	 	(407	) 	 	 	138	  	 	 	6	  	 	 	4	  	 	 	9	  	 	 	157	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	(240	) 	  	 	(238	) 	 	 	(139	) 	 	 	204	  	 	 	(413	) 	 	 	(708	) 	 	 	(787	) 	 	 	228	  	 	 	219	  	 	 	(1,048	) 	
Less: net income attributable to noncontrolling interests	  	 	52	  	  	 	46	  	 	 	54	  	 	 	50	  	 	 	202	  	 	 	52	  	 	 	57	  	 	 	52	  	 	 	35	  	 	 	196	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	  	$	(292	) 	  	$	(284	) 	 	$	(193	) 	 	$	154	  	 	$	(615	) 	 	$	(760	) 	 	$	(844	) 	 	$	176	  	 	$	184	  	 	$	(1,244	) 	

Earnings (Loss) Per Share Data:	  				  				 				 				 				 				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share	  				  				 				 				 				 				
Basic	  	$	(0.59	) 	  	$	(0.57	) 	 	$	(0.39	) 	 	$	0.31	  	 	$	(1.24	) 	 	$	(1.53	) 	 	$	(1.70	) 	 	$	0.35	  	 	$	0.37	  	 	$	(2.51	) 	
Diluted	  	$	(0.59	) 	  	$	(0.57	) 	 	$	(0.39	) 	 	$	0.31	  	 	$	(1.24	) 	 	$	(1.53	) 	 	$	(1.70	) 	 	$	0.35	  	 	$	0.37	  	 	$	(2.51	) 	
Net operating income (loss) per common share	  				  				 				 				 				 				 				 				 				 				
Basic	  	$	(0.17	) 	  	$	0.13	  	 	$	0.24	  	 	$	0.31	  	 	$	0.51	  	 	$	(0.83	) 	 	$	(0.65	) 	 	$	0.31	  	 	$	0.37	  	 	$	(0.80	) 	
Diluted	  	$	(0.17	) 	  	$	0.13	  	 	$	0.24	  	 	$	0.31	  	 	$	0.51	  	 	$	(0.83	) 	 	$	(0.65	) 	 	$	0.31	  	 	$	0.37	  	 	$	(0.80	) 	
Weighted-average common shares outstanding	  				  				 				 				 				 				 				 				 				 				
Basic	  	 	497.6	  	  	 	497.4	  	 	 	497.4	  	 	 	497.0	  	 	 	497.4	  	 	 	496.7	  	 	 	496.6	  	 	 	496.6	  	 	 	495.8	  	 	 	496.4	  	
Diluted (1)	  	 	497.6	  	  	 	497.4	  	 	 	499.3	  	 	 	498.9	  	 	 	497.4	  	 	 	496.7	  	 	 	496.6	  	 	 	503.6	  	 	 	502.7	  	 	 	496.4	  	

(1)  	Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 1.4 million, 1.3 million, 3.2 million and 5.4 million, respectively, for the three months ended December 31, 2015, September 30, 2015, December 31, 2014 and September 30, 2014 and 1.6 million and 5.6 million, respectively, for the twelve months ended December 31, 2015 and 2014 would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations in these periods, dilutive potential weighted-average common shares outstanding would have been 499.0 million, 498.7 million, 499.9 million and 502.0 million, respectively, for the three months ended December 31, 2015, September 30, 2015, December 31, 2014 and September 30, 2014 and 499.0 million and 502.0 million, respectively, for the twelve months ended December 31, 2015 and 2014. Since it had net operating income for the three months ended September 30, 2015 and the twelve months ended December 31, 2015, the company used 498.7 million and 499.0 million, respectively, diluted weighted-average common shares outstanding in the calculation of diluted net operating income per common share.	
 
9

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

 	  	December 31,
2015	 	  	September 30,
2015	 	  	June 30,
2015	 	  	March 31,
2015	 	  	December 31,
2014	 	
ASSETS	  			 	  				  				  				  				
Investments:	  			 	  				  				  				  				
Fixed maturity securities available-for-sale, at fair value	  	$	58,197	  	  	$	60,646	  	  	$	60,368	  	  	$	61,732	  	  	$	61,077	  	
Equity securities available-for-sale, at fair value	  	 	310	  	  	 	273	  	  	 	299	  	  	 	299	  	  	 	275	  	
Commercial mortgage loans	  	 	6,170	  	  	 	6,133	  	  	 	6,175	  	  	 	6,149	  	  	 	6,100	  	
Restricted commercial mortgage loans related to securitization entities	  	 	161	  	  	 	175	  	  	 	181	  	  	 	188	  	  	 	201	  	
Policy loans	  	 	1,568	  	  	 	1,567	  	  	 	1,584	  	  	 	1,506	  	  	 	1,501	  	
Other invested assets	  	 	2,309	  	  	 	2,764	  	  	 	2,176	  	  	 	2,667	  	  	 	2,208	  	
Restricted other invested assets related to securitization entities	  	 	413	  	  	 	412	  	  	 	410	  	  	 	411	  	  	 	411	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total investments	  	 	69,128	  	  	 	71,970	  	  	 	71,193	  	  	 	72,952	  	  	 	71,773	  	
Cash and cash equivalents	  	 	5,965	  	  	 	3,635	  	  	 	4,069	  	  	 	4,937	  	  	 	4,645	  	
Accrued investment income	  	 	653	  	  	 	682	  	  	 	612	  	  	 	713	  	  	 	660	  	
Deferred acquisition costs	  	 	4,398	  	  	 	4,441	  	  	 	4,899	  	  	 	4,748	  	  	 	4,852	  	
Intangible assets and goodwill	  	 	357	  	  	 	297	  	  	 	300	  	  	 	221	  	  	 	265	  	
Reinsurance recoverable	  	 	17,245	  	  	 	17,255	  	  	 	17,276	  	  	 	17,285	  	  	 	17,291	  	
Other assets	  	 	520	  	  	 	523	  	  	 	580	  	  	 	473	  	  	 	479	  	
Deferred tax asset	  	 	155	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	  	 	—  	  	
Separate account assets	  	 	7,883	  	  	 	7,893	  	  	 	8,702	  	  	 	9,064	  	  	 	9,208	  	
Assets held for sale (1)	  	 	127	  	  	 	1,484	  	  	 	1,493	  	  	 	1,897	  	  	 	2,143	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total assets	  	$	106,431	  	  	$	108,180	  	  	$	109,124	  	  	$	112,290	  	  	$	111,316	  	

 

(1)  	The assets held for sale related to the lifestyle protection insurance business (prior to its sale on December 1, 2015) and the European mortgage insurance business (prior to its sale) have been segregated in the consolidated balance sheets. The major asset categories for assets held for sale were as follows:	

 	  	December 31,
2015	 	  	September 30,
2015	 	 	June 30,
2015	 	 	March 31,
2015	 	  	December 31,
2014	 	
ASSETS	  			  			 			 			  			
Investments:	  				  				 				 				  				
Fixed maturity securities available-for-sale, at fair value	  	$	195	  	  	$	1,322	  	 	$	1,304	  	 	$	1,210	  	  	$	1,370	  	
Equity securities available-for-sale, at fair value	  	 	—  	  	  	 	6	  	 	 	7	  	 	 	7	  	  	 	7	  	
Other invested assets	  	 	6	  	  	 	32	  	 	 	39	  	 	 	56	  	  	 	88	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total investments	  	 	        201	  	  	 	    1,360	  	 	 	    1,350	  	 	 	    1,273	  	  	 	       1,465	  	
Cash and cash equivalents	  	 	28	  	  	 	173	  	 	 	185	  	 	 	221	  	  	 	273	  	
Accrued investment income	  	 	3	  	  	 	25	  	 	 	23	  	 	 	22	  	  	 	25	  	
Deferred acquisition costs	  	 	—  	  	  	 	168	  	 	 	176	  	 	 	173	  	  	 	193	  	
Intangible assets	  	 	—  	  	  	 	23	  	 	 	22	  	 	 	21	  	  	 	23	  	
Reinsurance recoverable	  	 	21	  	  	 	57	  	 	 	56	  	 	 	54	  	  	 	55	  	
Other assets	  	 	14	  	  	 	129	  	 	 	139	  	 	 	133	  	  	 	109	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Assets held for sale	  	 	267	  	  	 	1,935	  	 	 	1,951	  	 	 	1,897	  	  	 	2,143	  	
Fair value less pension settlement costs and closing costs impairment	  	 	(140	) 	  	 	(451	) 	 	 	(458	) 	 	 	—  	  	  	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total assets held for sale	  	$	127	  	  	$	1,484	  	 	$	1,493	  	 	$	1,897	  	  	$	2,143	  	

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

 	  	December 31,
2015	 	  	September 30,
2015	 	 	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	
LIABILITIES AND EQUITY	  			 	  				 				 				 				
Liabilities:	  			 	  				 				 				 				
Future policy benefits	  	$	36,475	  	  	$	36,472	  	 	$	36,298	  	 	$	36,488	  	 	$	35,915	  	
Policyholder account balances	  	 	26,209	  	  	 	26,000	  	 	 	25,987	  	 	 	26,136	  	 	 	26,032	  	
Liability for policy and contract claims	  	 	8,095	  	  	 	8,009	  	 	 	7,936	  	 	 	7,877	  	 	 	7,881	  	
Unearned premiums	  	 	3,308	  	  	 	3,281	  	 	 	3,373	  	 	 	3,266	  	 	 	3,485	  	
Other liabilities	  	 	3,004	  	  	 	3,225	  	 	 	3,125	  	 	 	3,613	  	 	 	3,234	  	
Borrowings related to securitization entities	  	 	179	  	  	 	188	  	 	 	199	  	 	 	205	  	 	 	219	  	
Non-recourse funding obligations	  	 	1,920	  	  	 	1,937	  	 	 	1,953	  	 	 	1,968	  	 	 	1,981	  	
Long-term borrowings	  	 	4,570	  	  	 	4,573	  	 	 	4,581	  	 	 	4,575	  	 	 	4,612	  	
Deferred tax liability	  	 	24	  	  	 	200	  	 	 	258	  	 	 	1,056	  	 	 	858	  	
Separate account liabilities	  	 	7,883	  	  	 	7,893	  	 	 	8,702	  	 	 	9,064	  	 	 	9,208	  	
Liabilities held for sale (1)	  	 	127	  	  	 	986	  	 	 	985	  	 	 	961	  	 	 	1,094	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	91,794	  	  	 	92,764	  	 	 	93,397	  	 	 	95,209	  	 	 	94,519	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	  			 	  				 				 				 				
Common stock	  	 	1	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	
Additional paid-in capital	  	 	11,949	  	  	 	11,944	  	 	 	11,940	  	 	 	11,998	  	 	 	11,997	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  			 	  				 				 				 				
Net unrealized investment gains (losses):	  			 	  				 				 				 				
Net unrealized gains (losses) on securities not other-than-temporarily impaired	  	 	1,236	  	  	 	1,709	  	 	 	1,606	  	 	 	2,724	  	 	 	2,431	  	
Net unrealized gains (losses) on other-than-temporarily impaired securities	  	 	18	  	  	 	22	  	 	 	22	  	 	 	24	  	 	 	22	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized investment gains (losses)	  	 	1,254	  	  	 	1,731	  	 	 	1,628	  	 	 	2,748	  	 	 	2,453	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Derivatives qualifying as hedges	  	 	2,045	  	  	 	2,130	  	 	 	1,913	  	 	 	2,247	  	 	 	2,070	  	
Foreign currency translation and other adjustments	  	 	(289	) 	  	 	(383	) 	 	 	(232	) 	 	 	(303	) 	 	 	(77	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income	  	 	3,010	  	  	 	3,478	  	 	 	3,309	  	 	 	4,692	  	 	 	4,446	  	
Retained earnings	  	 	564	  	  	 	856	  	 	 	1,140	  	 	 	1,333	  	 	 	1,179	  	
Treasury stock, at cost	  	 	(2,700	) 	  	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	 	 	(2,700	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	12,824	  	  	 	13,579	  	 	 	13,690	  	 	 	15,324	  	 	 	14,923	  	
Noncontrolling interests	  	 	1,813	  	  	 	1,837	  	 	 	2,037	  	 	 	1,757	  	 	 	1,874	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	  	 	14,637	  	  	 	15,416	  	 	 	15,727	  	 	 	17,081	  	 	 	16,797	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	106,431	  	  	$	108,180	  	 	$	109,124	  	 	$	112,290	  	 	$	111,316	  	

 

(1)  	The liabilities held for sale related to the lifestyle protection insurance business (prior to its sale on December 1, 2015) and the European mortgage insurance business (prior to its sale) have been segregated in the consolidated balance sheets. The major liability categories for liabilities held for sale were as follows:	

 	  	December 31,
2015	 	  	September 30,
2015	 	  	June 30,
2015	 	  	March 31,
2015	 	  	December 31,
2014	 	
LIABILITIES	  				  				  				  				  				
Policyholder account balances	  	$	—  	  	  	$	9	  	  	$	10	  	  	$	10	  	  	$	11	  	
Liability for policy and contract claims	  	 	        56	  	  	 	      164	  	  	 	      162	  	  	 	     153	  	  	 	      162	  	
Unearned premiums	  	 	58	  	  	 	471	  	  	 	478	  	  	 	465	  	  	 	501	  	
Other liabilities	  	 	12	  	  	 	312	  	  	 	305	  	  	 	286	  	  	 	370	  	
Deferred tax liability	  	 	1	  	  	 	30	  	  	 	30	  	  	 	47	  	  	 	50	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Liabilities held for sale	  	$	127	  	  	$	986	  	  	$	985	  	  	$	961	  	  	$	1,094	  	

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

 	  	December 31, 2015	 	
 	  	U.S.
Mortgage
Insurance	 	  	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	  	U.S. Life
Insurance	 	 	Runoff	 	 	Corporate and
Other (1) 	 	 	Total	 	
ASSETS	  				  				 				  				 				 				 				
Cash and investments	  	$	2,227	  	  	$	4,295	  	 	$	2,886	  	  	$	60,788	  	 	$	2,862	  	 	$	2,688	  	 	$	75,746	  	
Deferred acquisition costs and intangible assets	  	 	32	  	  	 	123	  	 	 	56	  	  	 	4,251	  	 	 	285	  	 	 	8	  	 	 	4,755	  	
Reinsurance recoverable	  	 	6	  	  	 	—  	  	 	 	—  	  	  	 	16,415	  	 	 	824	  	 	 	—  	  	 	 	17,245	  	
Deferred tax and other assets	  	 	634	  	  	 	102	  	 	 	45	  	  	 	(1,924	) 	 	 	261	  	 	 	1,557	  	 	 	675	  	
Separate account assets	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	7,883	  	 	 	—  	  	 	 	7,883	  	
Assets held for sale	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	127	  	 	 	127	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	2,899	  	  	$	4,520	  	 	$	2,987	  	  	$	79,530	  	 	$	12,115	  	 	$	4,380	  	 	$	106,431	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	  				  				 				  				 				 				 				
Liabilities:	  				  				 				  				 				 				 				
Future policy benefits	  	$	—  	  	  	$	—  	  	 	$	—  	  	  	$	36,471	  	 	$	4	  	 	$	—  	  	 	$	36,475	  	
Policyholder account balances	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	23,009	  	 	 	3,200	  	 	 	—  	  	 	 	26,209	  	
Liability for policy and contract claims	  	 	849	  	  	 	87	  	 	 	165	  	  	 	6,969	  	 	 	18	  	 	 	7	  	 	 	8,095	  	
Unearned premiums	  	 	258	  	  	 	1,460	  	 	 	963	  	  	 	621	  	 	 	6	  	 	 	—  	  	 	 	3,308	  	
Non-recourse funding obligations	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	1,950	  	 	 	—  	  	 	 	(30	) 	 	 	1,920	  	
Deferred tax and other liabilities	  	 	89	  	  	 	170	  	 	 	152	  	  	 	659	  	 	 	290	  	 	 	1,668	  	 	 	3,028	  	
Borrowings and capital securities	  	 	—  	  	  	 	313	  	 	 	178	  	  	 	—  	  	 	 	10	  	 	 	4,248	  	 	 	4,749	  	
Separate account liabilities	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	7,883	  	 	 	—  	  	 	 	7,883	  	
Liabilities held for sale	  	 	—  	  	  	 	—  	  	 	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	127	  	 	 	127	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	1,196	  	  	 	2,030	  	 	 	1,458	  	  	 	69,679	  	 	 	11,411	  	 	 	6,020	  	 	 	91,794	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Equity:	  				  				 				  				 				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	1,701	  	  	 	1,637	  	 	 	662	  	  	 	6,646	  	 	 	725	  	 	 	(1,557	) 	 	 	9,814	  	
Allocated accumulated other comprehensive income (loss)	  	 	2	  	  	 	(194	) 	 	 	101	  	  	 	3,205	  	 	 	(21	) 	 	 	(83	) 	 	 	3,010	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	1,703	  	  	 	1,443	  	 	 	763	  	  	 	9,851	  	 	 	704	  	 	 	(1,640	) 	 	 	12,824	  	
Noncontrolling interests	  	 	—  	  	  	 	1,047	  	 	 	766	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1,813	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total equity	  	 	1,703	  	  	 	2,490	  	 	 	1,529	  	  	 	9,851	  	 	 	704	  	 	 	(1,640	) 	 	 	14,637	  	
	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	2,899	  	  	$	4,520	  	 	$	2,987	  	  	$	79,530	  	 	$	12,115	  	 	$	4,380	  	 	$	106,431	  	

(1)  	Includes inter-segment eliminations and other businesses that are managed outside the operating segments.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	September 30, 2015	 	
 	  	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	  	U.S. Life
Insurance	 	  	Runoff	 	 	Corporate and
Other (1) 	 	 	Total	 	
ASSETS	  				 				 				  				  				 				 				
Cash and investments	  	$	2,209	  	 	$	4,306	  	 	$	2,893	  	  	$	61,322	  	  	$	2,742	  	 	$	2,815	  	 	$	76,287	  	
Deferred acquisition costs and intangible assets	  	 	29	  	 	 	125	  	 	 	42	  	  	 	4,254	  	  	 	280	  	 	 	8	  	 	 	4,738	  	
Reinsurance recoverable	  	 	6	  	 	 	—  	  	 	 	—  	  	  	 	16,420	  	  	 	829	  	 	 	—  	  	 	 	17,255	  	
Other assets	  	 	38	  	 	 	56	  	 	 	10	  	  	 	335	  	  	 	18	  	 	 	66	  	 	 	523	  	
Separate account assets	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	7,893	  	 	 	—  	  	 	 	7,893	  	
Assets held for sale	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	1,484	  	 	 	1,484	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	2,282	  	 	$	4,487	  	 	$	2,945	  	  	$	82,331	  	  	$	11,762	  	 	$	4,373	  	 	$	108,180	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND EQUITY	  				 				 				  				  				 				 				
Liabilities:	  				 				 				  				  				 				 				
Future policy benefits	  	$	—  	  	 	$	—  	  	 	$	—  	  	  	$	36,468	  	  	$	4	  	 	$	—  	  	 	$	36,472	  	
Policyholder account balances	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	22,786	  	  	 	3,214	  	 	 	—  	  	 	 	26,000	  	
Liability for policy and contract claims	  	 	953	  	 	 	83	  	 	 	156	  	  	 	6,791	  	  	 	18	  	 	 	8	  	 	 	8,009	  	
Unearned premiums	  	 	240	  	 	 	1,467	  	 	 	956	  	  	 	613	  	  	 	5	  	 	 	—  	  	 	 	3,281	  	
Non-recourse funding obligations	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	1,967	  	  	 	—  	  	 	 	(30	) 	 	 	1,937	  	
Deferred tax and other liabilities	  	 	(565	) 	 	 	82	  	 	 	129	  	  	 	3,512	  	  	 	(1	) 	 	 	268	  	 	 	3,425	  	
Borrowings and capital securities	  	 	—  	  	 	 	324	  	 	 	171	  	  	 	—  	  	  	 	11	  	 	 	4,255	  	 	 	4,761	  	
Separate account liabilities	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	7,893	  	 	 	—  	  	 	 	7,893	  	
Liabilities held for sale	  	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	—  	  	  	 	—  	  	 	 	986	  	 	 	986	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	628	  	 	 	1,956	  	 	 	1,412	  	  	 	72,137	  	  	 	11,144	  	 	 	5,487	  	 	 	92,764	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Equity:	  				 				 				  				  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	1,642	  	 	 	1,616	  	 	 	700	  	  	 	6,485	  	  	 	634	  	 	 	(976	) 	 	 	10,101	  	
Allocated accumulated other comprehensive income (loss)	  	 	12	  	 	 	(151	) 	 	 	62	  	  	 	3,709	  	  	 	(16	) 	 	 	(138	) 	 	 	3,478	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total Genworth Financial, Inc.’s stockholders’ equity	  	 	1,654	  	 	 	1,465	  	 	 	762	  	  	 	10,194	  	  	 	618	  	 	 	(1,114	) 	 	 	13,579	  	
Noncontrolling interests	  	 	—  	  	 	 	1,066	  	 	 	771	  	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1,837	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total equity	  	 	1,654	  	 	 	2,531	  	 	 	1,533	  	  	 	10,194	  	  	 	618	  	 	 	(1,114	) 	 	 	15,416	  	
	  	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and equity	  	$	2,282	  	 	$	4,487	  	 	$	2,945	  	  	$	82,331	  	  	$	11,762	  	 	$	4,373	  	 	$	108,180	  	

(1)  	Includes inter-segment eliminations and other businesses that are managed outside the operating segments.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
 Deferred Acquisition Costs Rollforward
(amounts in millions)

 	  	U.S.
Mortgage
Insurance	 	 	Canada
Mortgage
Insurance	 	 	Australia
Mortgage
Insurance	 	 	U.S. Life
Insurance (1) 	 	 	Runoff (2) 	 	 	Corporate and
Other	 	  	Total	 	
Unamortized balance as of September 30, 2015	  	$	21	  	 	$	109	  	 	$	35	  	 	$	4,253	  	 	$	269	  	 	$	—  	  	  	$	4,687	  	
Costs deferred	  	 	3	  	 	 	12	  	 	 	3	  	 	 	49	  	 	 	—  	  	 	 	—  	  	  	 	67	  	
Amortization, net of interest accretion	  	 	(2	) 	 	 	(9	) 	 	 	(4	) 	 	 	(170	) 	 	 	3	  	 	 	—  	  	  	 	(182	) 	
Impact of foreign currency translation	  	 	—  	  	 	 	(4	) 	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	  	 	(3	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Unamortized balance as of December 31, 2015	  	 	22	  	 	 	108	  	 	 	35	  	 	 	4,132	  	 	 	272	  	 	 	—  	  	  	 	4,569	  	
Effect of accumulated net unrealized investment (gains) losses	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(169	) 	 	 	(2	) 	 	 	—  	  	  	 	(171	) 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Balance as of December 31, 2015	  	$	22	  	 	$	108	  	 	$	35	  	 	$	3,963	  	 	$	270	  	 	$	—  	  	  	$	4,398	  	

(1)  	Amortization, net of interest accretion, included $2 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.	
 
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 U.S. Mortgage Insurance Segment
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance Segment
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	153	  	 	$	146	  	 	$	153	  	 	$	150	  	 	$	602	  	 	$	151	  	 	$	146	  	 	$	144	  	 	$	137	  	 	$	578	  	
Net investment income	 	 	14	  	 	 	12	  	 	 	13	  	 	 	19	  	 	 	58	  	 	 	11	  	 	 	19	  	 	 	11	  	 	 	18	  	 	 	59	  	
Net investment gains (losses)	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Policy fees and other income	 	 	1	  	 	 	2	  	 	 	—  	  	 	 	1	  	 	 	4	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	2	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	168	  	 	 	161	  	 	 	166	  	 	 	170	  	 	 	665	  	 	 	163	  	 	 	165	  	 	 	156	  	 	 	155	  	 	 	639	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	59	  	 	 	63	  	 	 	50	  	 	 	50	  	 	 	222	  	 	 	91	  	 	 	141	  	 	 	62	  	 	 	63	  	 	 	357	  	
Acquisition and operating expenses, net of deferrals	 	 	42	  	 	 	38	  	 	 	38	  	 	 	37	  	 	 	155	  	 	 	38	  	 	 	35	  	 	 	34	  	 	 	33	  	 	 	140	  	
Amortization of deferred acquisition costs and intangibles	 	 	3	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	10	  	 	 	2	  	 	 	1	  	 	 	2	  	 	 	2	  	 	 	7	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	104	  	 	 	104	  	 	 	90	  	 	 	89	  	 	 	387	  	 	 	131	  	 	 	177	  	 	 	98	  	 	 	98	  	 	 	504	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	64	  	 	 	57	  	 	 	76	  	 	 	81	  	 	 	278	  	 	 	32	  	 	 	(12	) 	 	 	58	  	 	 	57	  	 	 	135	  	
Provision (benefit) for income taxes	 	 	23	  	 	 	20	  	 	 	27	  	 	 	29	  	 	 	99	  	 	 	11	  	 	 	(10	) 	 	 	19	  	 	 	24	  	 	 	44	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	41	  	 	 	37	  	 	 	49	  	 	 	52	  	 	 	179	  	 	 	21	  	 	 	(2	) 	 	 	39	  	 	 	33	  	 	 	91	  	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	41	  	 	$	37	  	 	$	49	  	 	$	52	  	 	$	179	  	 	$	21	  	 	$	(2	) 	 	$	39	  	 	$	33	  	 	$	91	  	

Effective tax rate (operating income (loss)) (1)	 	 	35.5	%  	 	 	35.4	%  	 	 	35.6	%  	 	 	35.7	%  	 	 	35.6	%  	 	 	32.5	%  	 	 	80.1	%  	 	 	32.4	%  	 	 	42.0	%  	 	 	32.2	%  	
											
SALES:	 				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	 				 				 				 				 				 				 				 				 				 				
Flow	 	$	7,800	  	 	$	9,300	  	 	$	8,200	  	 	$	6,300	  	 	$	31,600	  	 	$	6,900	  	 	$	7,500	  	 	$	6,100	  	 	$	3,900	  	 	$	24,400	  	
Bulk	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Mortgage Insurance NIW	 	$	7,800	  	 	$	9,300	  	 	$	8,200	  	 	$	6,300	  	 	$	31,600	  	 	$	6,900	  	 	$	7,500	  	 	$	6,100	  	 	$	3,900	  	 	$	24,400	  	

 

(1)  	The operating income (loss) effective tax rate for all pages in this financial supplement was calculated using whole dollars. As a result, the percentages shown may differ from an operating income (loss) effective tax rate calculated using the rounded numbers in this financial supplement.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Flow New Insurance Written Metrics—U.S. Mortgage Insurance Segment
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	 	Flow
NIW	 	 	Premium
Rate (bps)	 	
Product	 				 			 	 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Monthly (1)	 	$	5,900	  	 	 	60	  	 	$	7,000	  	 	 	60	  	 	$	6,500	  	 	 	60	  	 	$	4,400	  	 	 	60	  	 	$	5,100	  	 	 	60	  	 	$	6,100	  	 	 	59	  	 	$	5,300	  	 	 	59	  	 	$	3,400	  	 	 	58	  	
Single	 	 	1,900	  	 	 	168	  	 	 	2,300	  	 	 	171	  	 	 	1,700	  	 	 	172	  	 	 	1,900	  	 	 	160	  	 	 	1,800	  	 	 	155	  	 	 	1,400	  	 	 	194	  	 	 	800	  	 	 	197	  	 	 	500	  	 	 	200	  	
	 	 	 	 	 			 	 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total Flow	 	$	7,800	  	 			 	 	$	9,300	  	 				 	$	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	 	 	Flow
NIW	 	 	% of
Flow NIW	 	 	Flow
NIW	 	 	% of
Flow NIW	 	
FICO Scores	 				 			 	 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Over 735	 	$	4,600	  	 	 	59	% 	 	$	5,500	  	 	 	59	% 	 	$	5,000	  	 	 	61	% 	 	$	3,700	  	 	 	59	% 	 	$	4,100	  	 	 	59	% 	 	$	4,400	  	 	 	59	% 	 	$	3,600	  	 	 	59	% 	 	$	2,400	  	 	 	61	% 	
680—735	 	 	2,500	  	 	 	32	  	 	 	3,000	  	 	 	32	  	 	 	2,500	  	 	 	30	  	 	 	2,100	  	 	 	33	  	 	 	2,200	  	 	 	32	  	 	 	2,400	  	 	 	32	  	 	 	2,000	  	 	 	33	  	 	 	1,200	  	 	 	31	  	
660—679 (2)	 	 	400	  	 	 	5	  	 	 	500	  	 	 	6	  	 	 	400	  	 	 	5	  	 	 	300	  	 	 	5	  	 	 	300	  	 	 	5	  	 	 	400	  	 	 	5	  	 	 	300	  	 	 	5	  	 	 	200	  	 	 	5	  	
620—659	 	 	300	  	 	 	4	  	 	 	300	  	 	 	3	  	 	 	300	  	 	 	4	  	 	 	200	  	 	 	3	  	 	 	300	  	 	 	4	  	 	 	300	  	 	 	4	  	 	 	200	  	 	 	3	  	 	 	100	  	 	 	3	  	
<620	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	 	$	7,800	  	 	 	100	% 	 	$	9,300	  	 	 	100	% 	 	$	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	% 	 	$	500	  	 	 	5	% 	 	$	400	  	 	 	5	% 	 	$	300	  	 	 	5	% 	 	$	100	  	 	 	2	% 	 	$	200	  	 	 	3	% 	 	$	100	  	 	 	2	% 	 	$	100	  	 	 	3	% 	
90.01% to 95.00%	 	 	4,000	  	 	 	51	  	 	 	4,900	  	 	 	53	  	 	 	4,200	  	 	 	51	  	 	 	3,100	  	 	 	49	  	 	 	3,500	  	 	 	51	  	 	 	3,900	  	 	 	52	  	 	 	3,300	  	 	 	54	  	 	 	1,900	  	 	 	49	  	
85.01% to 90.00%	 	 	2,500	  	 	 	32	  	 	 	3,000	  	 	 	32	  	 	 	2,600	  	 	 	32	  	 	 	2,000	  	 	 	32	  	 	 	2,300	  	 	 	33	  	 	 	2,400	  	 	 	32	  	 	 	1,900	  	 	 	31	  	 	 	1,300	  	 	 	33	  	
85.00% and below	 	 	900	  	 	 	12	  	 	 	900	  	 	 	10	  	 	 	1,000	  	 	 	12	  	 	 	900	  	 	 	14	  	 	 	1,000	  	 	 	14	  	 	 	1,000	  	 	 	13	  	 	 	800	  	 	 	13	  	 	 	600	  	 	 	15	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	 	$	7,800	  	 	 	100	% 	 	$	9,300	  	 	 	100	% 	 	$	8,200	  	 	 	100	% 	 	$	6,300	  	 	 	100	% 	 	$	6,900	  	 	 	100	% 	 	$	7,500	  	 	 	100	% 	 	$	6,100	  	 	 	100	% 	 	$	3,900	  	 	 	100	% 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Origination	 				 			 	 				 				 				 				 				 				 				 				 				 				 				 				 				 				
Purchase	 	$	6,500	  	 	 	83	% 	 	$	8,100	  	 	 	87	% 	 	$	6,500	  	 	 	79	% 	 	$	4,300	  	 	 	68	% 	 	$	5,300	  	 	 	77	% 	 	$	6,400	  	 	 	85	% 	 	$	5,100	  	 	 	84	% 	 	$	3,000	  	 	 	77	% 	
Refinance	 	 	1,300	  	 	 	17	  	 	 	1,200	  	 	 	13	  	 	 	1,700	  	 	 	21	  	 	 	2,000	  	 	 	32	  	 	 	1,600	  	 	 	23	  	 	 	1,100	  	 	 	15	  	 	 	1,000	  	 	 	16	  	 	 	900	  	 	 	23	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	 	$	7,800	  	 	 	100	% 	 	$	9,300	  	 	 	100	% 	 	$	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.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Other Metrics—U.S. Mortgage Insurance Segment
(dollar amounts in millions)

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	 	$	171	  	 	$	171	  	 	$	170	  	 	$	170	  	 	$	682	  	 	$	171	  	 	$	162	  	 	$	151	  	 	$	144	  	 	$	628	  	
	 										
New Risk Written	 			 	 				 				 				 				 				 				 				 				 				
Flow	 	$	1,964	  	 	$	2,364	  	 	$	2,040	  	 	$	1,557	  	 	$	7,925	  	 	$	1,703	  	 	$	1,878	  	 	$	1,521	  	 	$	960	  	 	$	6,062	  	
Bulk	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	 	 	1,964	  	 	 	2,364	  	 	 	2,040	  	 	 	1,557	  	 	 	7,925	  	 	 	1,703	  	 	 	1,878	  	 	 	1,521	  	 	 	960	  	 	 	6,062	  	
Pool	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total New Risk Written	 	$	1,964	  	 	$	2,364	  	 	$	2,040	  	 	$	1,557	  	 	$	7,925	  	 	$	1,703	  	 	$	1,878	  	 	$	1,521	  	 	$	960	  	 	$	6,062	  	

Primary Insurance In-Force	 	$	122,400	  	 	$	120,400	  	 	$	117,100	  	 	$	115,200	  	 				 	$	114,400	  	 	$	112,400	  	 	$	110,500	  	 	$	109,100	  	 				
	 										
Risk In-Force	 			 	 				 				 				 				 				 				 				 				 				
Flow	 	$	30,616	  	 	$	30,001	  	 	$	29,026	  	 	$	28,415	  	 				 	$	28,112	  	 	$	27,507	  	 	$	26,880	  	 	$	26,405	  	 				
Bulk (1)	 	 	326	  	 	 	349	  	 	 	360	  	 	 	387	  	 				 	 	402	  	 	 	419	  	 	 	434	  	 	 	442	  	 				
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	 	 	30,942	  	 	 	30,350	  	 	 	29,386	  	 	 	28,802	  	 				 	 	28,514	  	 	 	27,926	  	 	 	27,314	  	 	 	26,847	  	 				
Pool	 	 	120	  	 	 	129	  	 	 	137	  	 	 	142	  	 				 	 	151	  	 	 	159	  	 	 	163	  	 	 	171	  	 				
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-Force	 	$	31,062	  	 	$	30,479	  	 	$	29,523	  	 	$	28,944	  	 				 	$	28,665	  	 	$	28,085	  	 	$	27,477	  	 	$	27,018	  	 				

Primary Risk In-Force That Is GSE Conforming	 	 	96	% 	 	 	97	% 	 	 	97	% 	 	 	97	% 	 				 	 	97	% 	 	 	97	% 	 	 	97	% 	 	 	97	% 	 				
	 										
GAAP Basis Expense Ratio (2) 	 	 	29	% 	 	 	28	% 	 	 	26	% 	 	 	26	% 	 	 	27	% 	 	 	26	% 	 	 	25	% 	 	 	25	% 	 	 	25	% 	 	 	25	% 	
	 										
Adjusted Expense Ratio (3) 	 	 	26	% 	 	 	24	% 	 	 	23	% 	 	 	23	% 	 	 	24	% 	 	 	23	% 	 	 	23	% 	 	 	23	% 	 	 	24	% 	 	 	23	% 	
	 										
Flow Persistency	 	 	81	% 	 	 	80	% 	 	 	79	% 	 	 	81	% 	 				 	 	83	% 	 	 	80	% 	 	 	83	% 	 	 	85	% 	 				
	 										
Risk To Capital Ratio (4) 	 	 	16.3:1	  	 	 	14.3:1	  	 	 	13.7:1	  	 	 	14.1:1	  	 				 	 	14.5:1	  	 	 	15.4:1	  	 	 	14.6:1	  	 	 	18.7:1	  	 				
	 										
Average Primary Loan Size (in thousands)	 	$	188	  	 	$	186	  	 	$	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 December 31, 2015, 90% of the bulk risk in-force was related to loans financed by lenders who participated in the mortgage programs sponsored by the Federal Home Loan Banks.	
(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.	
 
18

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

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims	  			 	  				 				 				 				 				 				 				 				 				
Flow	  			 	  				 				 				 				 				 				 				 				 				
Direct (1)	  	$	158	  	  	$	98	  	 	$	131	  	 	$	130	  	 	$	517	  	 	$	142	  	 	$	148	  	 	$	148	  	 	$	178	  	 	$	616	  	
Assumed (2)	  	 	1	  	  	 	3	  	 	 	4	  	 	 	5	  	 	 	13	  	 	 	3	  	 	 	4	  	 	 	6	  	 	 	6	  	 	 	19	  	
Ceded	  	 	(1	) 	  	 	—  	  	 	 	(1	) 	 	 	(16	) 	 	 	(18	) 	 	 	(4	) 	 	 	(3	) 	 	 	(4	) 	 	 	(15	) 	 	 	(26	) 	
Loss adjustment expenses	  	 	3	  	  	 	3	  	 	 	3	  	 	 	4	  	 	 	13	  	 	 	4	  	 	 	4	  	 	 	4	  	 	 	5	  	 	 	17	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Flow	  	 	161	  	  	 	104	  	 	 	137	  	 	 	123	  	 	 	525	  	 	 	145	  	 	 	153	  	 	 	154	  	 	 	174	  	 	 	626	  	
Bulk	  	 	1	  	  	 	1	  	 	 	2	  	 	 	2	  	 	 	6	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	8	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	162	  	  	 	105	  	 	 	139	  	 	 	125	  	 	 	531	  	 	 	147	  	 	 	155	  	 	 	156	  	 	 	176	  	 	 	634	  	
Pool	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	1	  	 	 	3	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	163	  	  	$	105	  	 	$	140	  	 	$	126	  	 	$	534	  	 	$	149	  	 	$	156	  	 	$	157	  	 	$	177	  	 	$	639	  	

Average Paid Claim (in thousands) (3) 	  	$	63.6	  	  	$	54.0	  	 	$	50.8	  	 	$	46.5	  	 				 	$	46.6	  	 	$	47.6	  	 	$	47.2	  	 	$	43.6	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	27.2	  	  	$	29.4	  	 	$	30.6	  	 	$	31.0	  	 				 	$	30.2	  	 	$	30.7	  	 	$	30.0	  	 	$	30.3	  	 				
Bulk loans with established reserve	  	 	19.9	  	  	 	20.0	  	 	 	21.5	  	 	 	21.2	  	 				 	 	20.4	  	 	 	20.5	  	 	 	22.5	  	 	 	19.2	  	 				
Bulk loans with no reserve (4)	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 				 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 				
	 										
Reserves:	  			 	  				 				 				 				 				 				 				 				 				
Flow direct case	  	$	775	  	  	$	870	  	 	$	909	  	 	$	992	  	 				 	$	1,065	  	 	$	1,122	  	 	$	1,083	  	 	$	1,172	  	 				
Bulk direct case	  	 	17	  	  	 	17	  	 	 	18	  	 	 	20	  	 				 	 	21	  	 	 	22	  	 	 	24	  	 	 	25	  	 				
Assumed (2)	  	 	8	  	  	 	9	  	 	 	12	  	 	 	15	  	 				 	 	21	  	 	 	21	  	 	 	24	  	 	 	29	  	 				
All other (5)	  	 	49	  	  	 	57	  	 	 	57	  	 	 	60	  	 				 	 	73	  	 	 	74	  	 	 	125	  	 	 	129	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Reserves	  	$	849	  	  	$	953	  	 	$	996	  	 	$	1,087	  	 				 	$	1,180	  	 	$	1,239	  	 	$	1,256	  	 	$	1,355	  	 				

Beginning Reserves	  	$	953	  	  	$	996	  	 	$	1,087	  	 	$	1,180	  	 	$	1,180	  	 	$	1,239	  	 	$	1,256	  	 	$	1,355	  	 	$	1,482	  	 	$	1,482	  	
Paid claims (1)	  	 	(164	) 	  	 	(105	) 	 	 	(141	) 	 	 	(142	) 	 	 	(552	) 	 	 	(153	) 	 	 	(158	) 	 	 	(162	) 	 	 	(192	) 	 	 	(665	) 	
Increase in reserves	  	 	60	  	  	 	62	  	 	 	50	  	 	 	49	  	 	 	221	  	 	 	94	  	 	 	141	  	 	 	63	  	 	 	65	  	 	 	363	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	849	  	  	$	953	  	 	$	996	  	 	$	1,087	  	 	$	849	  	 	$	1,180	  	 	$	1,239	  	 	$	1,256	  	 	$	1,355	  	 	$	1,180	  	

Beginning Reinsurance Recoverable (6)	  	$	6	  	  	$	6	  	 	$	7	  	 	$	24	  	 	$	24	  	 	$	25	  	 	$	27	  	 	$	31	  	 	$	44	  	 	$	44	  	
Ceded paid claims	  	 	(1	) 	  	 	—  	  	 	 	(1	) 	 	 	(16	) 	 	 	(18	) 	 	 	(4	) 	 	 	(2	) 	 	 	(5	) 	 	 	(15	) 	 	 	(26	) 	
Increase in recoverable	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	3	  	 	 	—  	  	 	 	1	  	 	 	2	  	 	 	6	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reinsurance Recoverable	  	$	5	  	  	$	6	  	 	$	6	  	 	$	7	  	 	$	5	  	 	$	24	  	 	$	25	  	 	$	27	  	 	$	31	  	 	$	24	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (7) 	  	 	39	% 	  	 	43	% 	 	 	33	% 	 	 	33	% 	 	 	37	% 	 	 	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)  	Direct paid claims and paid claims in the fourth quarter of 2015 include payment of a previously disclosed negotiated servicer settlement reached in 2014 and payment in relation to an agreement on non-performing loans.	
(2)	Assumed is comprised of reinsurance arrangements with state governmental housing finance agencies.	
(3)	Average paid claim in the fourth quarter of 2015 reflects the non-recurring payment to extinguish the risk on prior paid claims pursuant to a previously disclosed servicer settlement reached in 2014.	
(4)	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.	
(5)	Other includes loss adjustment expenses, pool and incurred but not reported reserves.	
(6)	Reinsurance recoverable excludes ceded unearned premium recoveries and amounts for which cash proceeds have not yet been received.	
(7)	The ratio of incurred losses and loss adjustment expenses 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.	
 
19

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

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Number of Primary Delinquencies	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	 	30,416	  	  	 	31,678	  	 	 	31,876	  	 	 	34,220	  	 				 	 	38,177	  	 	 	39,485	  	 	 	40,897	  	 	 	43,733	  	 				
Bulk loans with an established reserve	  	 	889	  	  	 	917	  	 	 	908	  	 	 	984	  	 				 	 	1,109	  	 	 	1,147	  	 	 	1,147	  	 	 	1,434	  	 				
Bulk loans with no reserve (1)	  	 	358	  	  	 	394	  	 	 	415	  	 	 	461	  	 				 	 	500	  	 	 	515	  	 	 	561	  	 	 	694	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Number of Primary Delinquencies	  	 	31,663	  	  	 	32,989	  	 	 	33,199	  	 	 	35,665	  	 				 	 	39,786	  	 	 	41,147	  	 	 	42,605	  	 	 	45,861	  	 				

Beginning Number of Primary Delinquencies	  	 	32,989	  	  	 	33,199	  	 	 	35,665	  	 	 	39,786	  	 	 	39,786	  	 	 	41,147	  	 	 	42,605	  	 	 	45,861	  	 	 	51,459	  	 	 	51,459	  	
New delinquencies	  	 	10,043	  	  	 	10,192	  	 	 	9,061	  	 	 	9,554	  	 	 	38,850	  	 	 	10,826	  	 	 	11,574	  	 	 	10,568	  	 	 	12,100	  	 	 	45,068	  	
Delinquency cures	  	 	(8,835	) 	  	 	(8,484	) 	 	 	(8,800	) 	 	 	(10,988	) 	 	 	(37,107	) 	 	 	(9,030	) 	 	 	(9,790	) 	 	 	(10,545	) 	 	 	(13,678	) 	 	 	(43,043	) 	
Paid claims	  	 	(2,534	) 	  	 	(1,918	) 	 	 	(2,727	) 	 	 	(2,687	) 	 	 	(9,866	) 	 	 	(3,157	) 	 	 	(3,242	) 	 	 	(3,279	) 	 	 	(4,020	) 	 	 	(13,698	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Number of Primary Delinquencies	  	 	31,663	  	  	 	32,989	  	 	 	33,199	  	 	 	35,665	  	 	 	31,663	  	 	 	39,786	  	 	 	41,147	  	 	 	42,605	  	 	 	45,861	  	 	 	39,786	  	

Composition of Cures	  			 	  				 				 				 				 				 				 				 				 				
Reported delinquent and cured-intraquarter	  	 	1,740	  	  	 	1,805	  	 	 	1,658	  	 	 	2,271	  	 				 	 	1,434	  	 	 	2,093	  	 	 	1,993	  	 	 	3,141	  	 				
Number of missed payments delinquent prior to cure:	  			 	  				 				 				 				 				 				 				 				 				
3 payments or less	  	 	5,005	  	  	 	4,630	  	 	 	4,260	  	 	 	6,112	  	 				 	 	5,340	  	 	 	5,202	  	 	 	5,335	  	 	 	7,252	  	 				
4 - 11 payments	  	 	1,330	  	  	 	1,487	  	 	 	2,250	  	 	 	1,912	  	 				 	 	1,613	  	 	 	1,772	  	 	 	2,253	  	 	 	2,391	  	 				
12 payments or more	  	 	760	  	  	 	562	  	 	 	632	  	 	 	693	  	 				 	 	643	  	 	 	723	  	 	 	964	  	 	 	894	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	8,835	  	  	 	8,484	  	 	 	8,800	  	 	 	10,988	  	 				 	 	9,030	  	 	 	9,790	  	 	 	10,545	  	 	 	13,678	  	 				

Primary Delinquencies by Missed Payment Status	  			 	  				 				 				 				 				 				 				 				 				
3 payments or less	  	 	10,487	  	  	 	10,226	  	 	 	9,432	  	 	 	9,271	  	 				 	 	11,318	  	 	 	11,478	  	 	 	11,228	  	 	 	11,351	  	 				
4 - 11 payments	  	 	7,577	  	  	 	7,376	  	 	 	7,824	  	 	 	9,086	  	 				 	 	9,684	  	 	 	9,610	  	 	 	9,913	  	 	 	11,463	  	 				
12 payments or more	  	 	13,599	  	  	 	15,387	  	 	 	15,943	  	 	 	17,308	  	 				 	 	18,784	  	 	 	20,059	  	 	 	21,464	  	 	 	23,047	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Delinquencies	  	 	31,663	  	  	 	32,989	  	 	 	33,199	  	 	 	35,665	  	 				 	 	39,786	  	 	 	41,147	  	 	 	42,605	  	 	 	45,861	  	 				

								
 	  	December 31, 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	  	 	10,103	  	  	$	52	  	 	$	405	  	 	 	13	% 	 				 				 				 				 				 				
4 - 11 payments in default	  	 	7,366	  	  	 	180	  	 	 	307	  	 	 	59	% 	 				 				 				 				 				 				
12 payments or more in default	  	 	12,947	  	  	 	543	  	 	 	638	  	 	 	85	% 	 				 				 				 				 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 				 				 				 				 				
Total	  	 	30,416	  	  	$	775	  	 	$	1,350	  	 	 	57	% 	 				 				 				 				 				 				

 	  	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.	
 
20

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

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	
Primary Loans	 			 	 				 				 				 				 				 				 				
Primary loans in-force	 	 	651,668	  	 	 	647,126	  	 	 	636,640	  	 	 	631,591	  	 	 	630,852	  	 	 	624,850	  	 	 	620,415	  	 	 	618,442	  	
Primary delinquent loans	 	 	31,663	  	 	 	32,989	  	 	 	33,199	  	 	 	35,665	  	 	 	39,786	  	 	 	41,147	  	 	 	42,605	  	 	 	45,861	  	
Primary delinquency rate	 	 	4.86	% 	 	 	5.10	% 	 	 	5.21	% 	 	 	5.65	% 	 	 	6.31	% 	 	 	6.59	% 	 	 	6.87	% 	 	 	7.42	% 	
	 								
Flow loans in-force	 	 	627,349	  	 	 	620,430	  	 	 	608,615	  	 	 	601,472	  	 	 	599,206	  	 	 	591,823	  	 	 	585,719	  	 	 	582,553	  	
Flow delinquent loans	 	 	30,416	  	 	 	31,678	  	 	 	31,876	  	 	 	34,220	  	 	 	38,177	  	 	 	39,485	  	 	 	40,897	  	 	 	43,733	  	
Flow delinquency rate	 	 	4.85	% 	 	 	5.11	% 	 	 	5.24	% 	 	 	5.69	% 	 	 	6.37	% 	 	 	6.67	% 	 	 	6.98	% 	 	 	7.51	% 	
	 								
Bulk loans in-force	 	 	24,319	  	 	 	26,696	  	 	 	28,025	  	 	 	30,119	  	 	 	31,646	  	 	 	33,027	  	 	 	34,696	  	 	 	35,889	  	
Bulk delinquent loans	 	 	1,247	  	 	 	1,311	  	 	 	1,323	  	 	 	1,445	  	 	 	1,609	  	 	 	1,662	  	 	 	1,708	  	 	 	2,128	  	
Bulk delinquency rate	 	 	5.13	% 	 	 	4.91	% 	 	 	4.72	% 	 	 	4.80	% 	 	 	5.08	% 	 	 	5.03	% 	 	 	4.92	% 	 	 	5.93	% 	
	 								
A minus and sub-prime loans in-force	 	 	28,332	  	 	 	29,745	  	 	 	31,051	  	 	 	33,805	  	 	 	33,529	  	 	 	34,825	  	 	 	36,219	  	 	 	37,714	  	
A minus and sub-prime delinquent loans	 	 	6,448	  	 	 	6,642	  	 	 	6,530	  	 	 	7,019	  	 	 	7,851	  	 	 	8,017	  	 	 	8,238	  	 	 	8,789	  	
A minus and sub-prime delinquency rate	 	 	22.76	% 	 	 	22.33	% 	 	 	21.03	% 	 	 	20.76	% 	 	 	23.42	% 	 	 	23.02	% 	 	 	22.74	% 	 	 	23.30	% 	
	 								
Pool Loans	 			 	 				 				 				 				 				 				 				
Pool loans in-force	 	 	6,620	  	 	 	7,284	  	 	 	7,709	  	 	 	7,979	  	 	 	8,282	  	 	 	10,125	  	 	 	10,336	  	 	 	10,710	  	
Pool delinquent loans	 	 	386	  	 	 	426	  	 	 	447	  	 	 	468	  	 	 	521	  	 	 	549	  	 	 	546	  	 	 	575	  	
Pool delinquency rate	 	 	5.83	% 	 	 	5.85	% 	 	 	5.80	% 	 	 	5.87	% 	 	 	6.29	% 	 	 	5.42	% 	 	 	5.28	% 	 	 	5.37	% 	
	 								
Primary Risk In-Force by Credit Quality	 			 	 				 				 				 				 				 				 				
Over 735	 	 	53	% 	 	 	52	% 	 	 	52	% 	 	 	52	% 	 	 	51	% 	 	 	51	% 	 	 	51	% 	 	 	50	% 	
680-735	 	 	31	% 	 	 	31	% 	 	 	31	% 	 	 	31	% 	 	 	31	% 	 	 	30	% 	 	 	30	% 	 	 	30	% 	
660-679 (1)	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	8	% 	
620-659	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	7	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	 	 	8	% 	
< 620	 	 	2	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	3	% 	 	 	4	% 	 	 	4	% 	 	 	4	% 	

(1)  	Loans with unknown FICO scores are included in the 660-679 category.	
 
21

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

 	  	December 31, 2015	 	
Policy Year	  	Average
Rate (1) 	 	 	% of Total
Reserves (2) 	 	 	Primary
Insurance In-Force	 	  	% of Total	 	 	Primary
Risk In-Force	 	  	% of Total	 	 	Deliquency
Rate	 	
2004 and prior	  	 	6.06	% 	 	 	11.9	% 	 	$	4,004	  	  	 	3.3	% 	 	$	901	  	  	 	2.9	% 	 	 	14.91	% 	
2005	  	 	5.66	% 	 	 	11.7	  	 	 	3,539	  	  	 	2.9	  	 	 	959	  	  	 	3.1	  	 	 	13.88	% 	
2006	  	 	5.86	% 	 	 	17.5	  	 	 	5,817	  	  	 	4.7	  	 	 	1,511	  	  	 	4.9	  	 	 	13.86	% 	
2007	  	 	5.77	% 	 	 	37.7	  	 	 	14,873	  	  	 	12.1	  	 	 	3,744	  	  	 	12.1	  	 	 	12.39	% 	
2008	  	 	5.30	% 	 	 	16.8	  	 	 	12,744	  	  	 	10.4	  	 	 	3,230	  	  	 	10.4	  	 	 	6.84	% 	
2009	  	 	4.95	% 	 	 	0.6	  	 	 	1,814	  	  	 	1.5	  	 	 	423	  	  	 	1.4	  	 	 	2.14	% 	
2010	  	 	4.69	% 	 	 	0.6	  	 	 	2,291	  	  	 	1.9	  	 	 	575	  	  	 	1.9	  	 	 	1.77	% 	
2011	  	 	4.52	% 	 	 	0.5	  	 	 	3,257	  	  	 	2.7	  	 	 	835	  	  	 	2.7	  	 	 	1.37	% 	
2012	  	 	3.82	% 	 	 	0.6	  	 	 	8,321	  	  	 	6.8	  	 	 	2,163	  	  	 	7.0	  	 	 	0.66	% 	
2013	  	 	4.00	% 	 	 	0.8	  	 	 	14,630	  	  	 	12.0	  	 	 	3,755	  	  	 	12.1	  	 	 	0.59	% 	
2014	  	 	4.40	% 	 	 	1.1	  	 	 	20,219	  	  	 	16.5	  	 	 	5,106	  	  	 	16.5	  	 	 	0.55	% 	
2015	  	 	4.10	% 	 	 	0.2	  	 	 	30,866	  	  	 	25.2	  	 	 	7,740	  	  	 	25.0	  	 	 	0.13	% 	
	  				 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 				
Total	  	 	4.77	% 	 	 	100.0	% 	 	$	122,375	  	  	 	100.0	% 	 	$	30,942	  	  	 	100.0	% 	 	 	4.86	% 	

 	  	December 31, 2015	 	 	September 30, 2015	 	 	December 31, 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)	  	$	30,942	  	 	 	4.86	% 	 	$	30,350	  	  	 	5.10	% 	 	$	28,514	  	  	 	6.31	% 	 				
Top 10 lenders	  	 	11,536	  	 	 	6.47	% 	 	 	11,774	  	  	 	6.68	% 	 	 	12,306	  	  	 	7.65	% 	 				
Top 20 lenders	  	 	14,201	  	 	 	5.68	% 	 	 	14,233	  	  	 	5.93	% 	 	 	14,322	  	  	 	7.47	% 	 				
								
Loan-to-value ratio	  				 				 				  				 				  				 				
95.01% and above	  	$	6,309	  	 	 	8.17	% 	 	$	6,429	  	  	 	8.15	% 	 	$	6,763	  	  	 	9.07	% 	 				
90.01% to 95.00%	  	 	14,425	  	 	 	3.36	% 	 	 	13,841	  	  	 	3.66	% 	 	 	12,008	  	  	 	4.99	% 	 				
80.01% to 90.00%	  	 	9,900	  	 	 	4.57	% 	 	 	9,761	  	  	 	4.85	% 	 	 	9,383	  	  	 	6.03	% 	 				
80.00% and below	  	 	308	  	 	 	3.39	% 	 	 	319	  	  	 	3.44	% 	 	 	360	  	  	 	3.55	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Total	  	$	30,942	  	 	 	4.86	% 	 	$	30,350	  	  	 	5.10	% 	 	$	28,514	  	  	 	6.31	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Loan grade	  				 				 				  				 				  				 				
Prime	  	$	29,874	  	 	 	4.05	% 	 	$	29,233	  	  	 	4.27	% 	 	$	27,262	  	  	 	5.35	% 	 				
A minus and sub-prime	  	 	1,068	  	 	 	22.76	% 	 	 	1,117	  	  	 	22.33	% 	 	 	1,252	  	  	 	23.42	% 	 				
	  	 	 	 	 				 	 	 	 	  				 	 	 	 	  				 				
Total	  	$	30,942	  	 	 	4.86	% 	 	$	30,350	  	  	 	5.10	% 	 	$	28,514	  	  	 	6.31	% 	 				

(1)  	Average Annual Mortgage Interest Rate.	
(2)  	Total reserves were $849 million as of December 31, 2015.	
 
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Canada Mortgage Insurance Segment
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 Net Operating Income and Sales—Canada Mortgage Insurance Segment
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	115	  	 	$	116	  	 	$	116	  	 	$	119	  	 	$	466	  	 	$	127	  	 	$	130	  	 	$	128	  	 	$	130	  	 	$	515	  	
Net investment income	 	 	31	  	 	 	32	  	 	 	33	  	 	 	34	  	 	 	130	  	 	 	38	  	 	 	39	  	 	 	39	  	 	 	39	  	 	 	155	  	
Net investment gains (losses)	 	 	(11	) 	 	 	(23	) 	 	 	20	  	 	 	(18	) 	 	 	(32	) 	 	 	(7	) 	 	 	(4	) 	 	 	12	  	 	 	(3	) 	 	 	(2	) 	
Policy fees and other income	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	1	  	 	 	2	  	 	 	1	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	135	  	 	 	124	  	 	 	169	  	 	 	136	  	 	 	564	  	 	 	158	  	 	 	163	  	 	 	180	  	 	 	168	  	 	 	669	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	26	  	 	 	24	  	 	 	21	  	 	 	25	  	 	 	96	  	 	 	33	  	 	 	28	  	 	 	15	  	 	 	26	  	 	 	102	  	
Acquisition and operating expenses, net of deferrals	 	 	16	  	 	 	16	  	 	 	22	  	 	 	12	  	 	 	66	  	 	 	23	  	 	 	18	  	 	 	28	  	 	 	21	  	 	 	90	  	
Amortization of deferred acquisition costs and intangibles	 	 	9	  	 	 	9	  	 	 	9	  	 	 	9	  	 	 	36	  	 	 	9	  	 	 	10	  	 	 	9	  	 	 	10	  	 	 	38	  	
Interest expense	 	 	4	  	 	 	5	  	 	 	4	  	 	 	5	  	 	 	18	  	 	 	5	  	 	 	5	  	 	 	6	  	 	 	5	  	 	 	21	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	55	  	 	 	54	  	 	 	56	  	 	 	51	  	 	 	216	  	 	 	70	  	 	 	61	  	 	 	58	  	 	 	62	  	 	 	251	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	80	  	 	 	70	  	 	 	113	  	 	 	85	  	 	 	348	  	 	 	88	  	 	 	102	  	 	 	122	  	 	 	106	  	 	 	418	  	
Provision for income taxes	 	 	20	  	 	 	17	  	 	 	31	  	 	 	22	  	 	 	90	  	 	 	24	  	 	 	24	  	 	 	32	  	 	 	31	  	 	 	111	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	60	  	 	 	53	  	 	 	82	  	 	 	63	  	 	 	258	  	 	 	64	  	 	 	78	  	 	 	90	  	 	 	75	  	 	 	307	  	
Less: net income attributable to noncontrolling interests	 	 	27	  	 	 	24	  	 	 	38	  	 	 	29	  	 	 	118	  	 	 	30	  	 	 	34	  	 	 	41	  	 	 	35	  	 	 	140	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	 	33	  	 	 	29	  	 	 	44	  	 	 	34	  	 	 	140	  	 	 	34	  	 	 	44	  	 	 	49	  	 	 	40	  	 	 	167	  	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	4	  	 	 	9	  	 	 	(7	) 	 	 	6	  	 	 	12	  	 	 	2	  	 	 	2	  	 	 	(4	) 	 	 	1	  	 	 	1	  	
(Gains) losses on early extinguishment of debt, net	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	2	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 	 	$	37	  	 	$	38	  	 	$	37	  	 	$	40	  	 	$	152	  	 	$	36	  	 	$	46	  	 	$	47	  	 	$	41	  	 	$	170	  	

Effective tax rate (operating income)	 	 	27.1	%  	 	 	27.2	%  	 	 	27.3	%  	 	 	27.9	%  	 	 	27.4	%  	 	 	29.4	%  	 	 	21.2	%  	 	 	26.3	%  	 	 	31.6	%  	 	 	27.1	%  	
											
SALES:	 				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	 				 				 				 				 				 				 				 				 				 				
Flow	 	$	4,700	  	 	$	6,600	  	 	$	5,400	  	 	$	3,300	  	 	$	20,000	  	 	$	5,500	  	 	$	6,800	  	 	$	5,000	  	 	$	2,900	  	 	$	20,200	  	
Bulk	 	 	7,300	  	 	 	4,800	  	 	 	3,300	  	 	 	5,000	  	 	 	20,400	  	 	 	2,300	  	 	 	5,600	  	 	 	7,500	  	 	 	2,900	  	 	 	18,300	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Canada NIW (2) 	 	$	12,000	  	 	$	11,400	  	 	$	8,700	  	 	$	8,300	  	 	$	40,400	  	 	$	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 $45 million and $177 million for the three and twelve months ended December 31, 2015, respectively.	
(2)  	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $14,100 million and $46,400 million for the three and twelve months ended December 31, 2015, respectively.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	162	  	  	$	204	  	 	$	166	  	 	$	109	  	 	$	641	  	 	$	160	  	 	$	200	  	 	$	146	  	 	$	77	  	 	$	583	  	
Loss Ratio (1) 	  	 	23	% 	  	 	21	% 	 	 	17	% 	 	 	22	% 	 	 	21	% 	 	 	26	% 	 	 	21	% 	 	 	12	% 	 	 	20	% 	 	 	20	% 	
GAAP Basis Expense Ratio (2) 	  	 	22	% 	  	 	22	% 	 	 	27	% 	 	 	18	% 	 	 	22	% 	 	 	26	% 	 	 	22	% 	 	 	29	% 	 	 	23	% 	 	 	25	% 	
Adjusted Expense Ratio (3) 	  	 	15	% 	  	 	12	% 	 	 	19	% 	 	 	20	% 	 	 	16	% 	 	 	20	% 	 	 	14	% 	 	 	26	% 	 	 	39	% 	 	 	22	% 	
	 										
Primary Insurance In-Force (4) 	  	$	292,600	  	  	$	292,000	  	 	$	300,900	  	 	$	288,800	  	 				 	$	306,600	  	 	$	310,800	  	 	$	314,500	  	 	$	291,900	  	 				
Primary Risk In-Force (5) 	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	74,300	  	  	$	75,500	  	 	$	78,500	  	 	$	75,700	  	 				 	$	81,300	  	 	$	82,600	  	 	$	84,500	  	 	$	80,100	  	 				
Bulk	  	 	28,100	  	  	 	26,700	  	 	 	26,800	  	 	 	25,400	  	 				 	 	26,000	  	 	 	26,200	  	 	 	25,600	  	 	 	22,100	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	$	102,400	  	  	$	102,200	  	 	$	105,300	  	 	$	101,100	  	 				 	$	107,300	  	 	$	108,800	  	 	$	110,100	  	 	$	102,200	  	 				

							
Risk In-Force by Loan-To-Value Ratio  (6) 	  	December 31, 2015	 	 	 	 	 	 	 	 	September 30, 2015	 	 	 	 	 	 	 	
 	  	Primary	 	  	Flow	 	 	Bulk	 	 	 	 	 	 	 	 	Primary	 	 	Flow	 	 	Bulk	 	 	 	 	 	 	 	
95.01% and above	  	$	35,570	  	  	$	35,570	  	 	$	—  	  	 				 				 	$	35,931	  	 	$	35,931	  	 	$	—  	  	 				 				
90.01% to 95.00%	  	 	22,338	  	  	 	22,338	  	 	 	—  	  	 				 				 	 	22,766	  	 	 	22,766	  	 	 	—  	  	 				 				
80.01% to 90.00%	  	 	13,630	  	  	 	13,627	  	 	 	3	  	 				 				 	 	13,978	  	 	 	13,975	  	 	 	3	  	 				 				
80.00% and below	  	 	30,873	  	  	 	2,729	  	 	 	28,144	  	 				 				 	 	29,541	  	 	 	2,790	  	 	 	26,751	  	 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	 				 				
Total	  	$	102,411	  	  	$	74,264	  	 	$	28,147	  	 				 				 	$	102,216	  	 	$	75,462	  	 	$	26,754	  	 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	 				 				
The loss and expense ratios included above were calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.
Amounts may not total due to rounding

(1)  	The ratio of incurred losses and loss adjustment expenses to net earned premiums.	
(2)  	The ratio of an insurer’s general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles. The debt early redemption payment of $6 million in the second quarter of 2014 unfavorably impacted the GAAP basis expense ratio for the three months ended June 30, 2014 and the twelve months ended December 31, 2014 by five percentage points and one percentage point, respectively.	
(3)  	The ratio of an insurer’s general expenses to net premiums written. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles. The debt early redemption payment of $6 million in the second quarter of 2014 unfavorably impacted the adjusted expense ratio for the three months ended June 30, 2014 and the twelve months ended December 31, 2014 by five percentage points and one percentage point, respectively.	
(4)  	As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company is receiving updated outstanding balances in Canada from most of its customers. As a result, the company estimates that the outstanding balance of insured mortgages was approximately $138.0 billion, $142.0 billion, $137.0 billion, $145.0 billion, $148.0 billion, $152.0 billion and $141.0 billion as of September 30, 2015, June 30, 2015, March 31, 2015, December 31, 2014, September 30, 2014, June 30, 2014 and March 31, 2014. This is based on the extrapolation of the amounts reported by lenders to the entire insured population.	
(5)  	The business currently provides 100% coverage on the majority of the loans the company insures. For the purpose of representing the risk in-force, Canada has computed an “effective risk in-force” amount which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor that represents the highest expected average per-claim payment for any one underwriting year over the life of the business. This factor was 35% for all periods presented.	
(6)  	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(dollar amounts in millions)

Primary Insurance	  	December 31, 2015	 	 	September 30, 2015	 	 	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	 	 	
Insured loans in-force (1),(2)	  	 	1,835,916	  	 	 	1,785,541	  	 	 	1,737,083	  	 	 	1,704,483	  	 	 	1,673,505	  	 				
Insured delinquent loans	  	 	1,829	  	 	 	1,715	  	 	 	1,666	  	 	 	1,792	  	 	 	1,756	  	 				
Insured delinquency rate (2),(3)	  	 	0.10	% 	 	 	0.10	% 	 	 	0.10	% 	 	 	0.11	% 	 	 	0.10	% 	 				
							
Flow loans in-force (1)	  	 	1,331,773	  	 	 	1,313,034	  	 	 	1,287,744	  	 	 	1,266,626	  	 	 	1,255,050	  	 				
Flow delinquent loans	  	 	1,550	  	 	 	1,449	  	 	 	1,435	  	 	 	1,532	  	 	 	1,493	  	 				
Flow delinquency rate (3)	  	 	0.12	% 	 	 	0.11	% 	 	 	0.11	% 	 	 	0.12	% 	 	 	0.12	% 	 				
							
Bulk loans in-force (1)	  	 	504,143	  	 	 	472,507	  	 	 	449,339	  	 	 	437,857	  	 	 	418,455	  	 				
Bulk delinquent loans	  	 	279	  	 	 	266	  	 	 	231	  	 	 	260	  	 	 	263	  	 				
Bulk delinquency rate (3)	  	 	0.06	% 	 	 	0.06	% 	 	 	0.05	% 	 	 	0.06	% 	 	 	0.06	% 	 				
							
Loss Metrics	  	December 31, 2015	 	 	September 30, 2015	 	 	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	 	 	
Beginning Reserves	  	$	83	  	 	$	85	  	 	$	85	  	 	$	91	  	 	$	89	  	 				
Paid claims (4)	  	 	(18	) 	 	 	(20	) 	 	 	(21	) 	 	 	(22	) 	 	 	(24	) 	 				
Increase in reserves	  	 	25	  	 	 	23	  	 	 	19	  	 	 	24	  	 	 	29	  	 				
Impact of changes in foreign exchange rates	  	 	(3	) 	 	 	(5	) 	 	 	2	  	 	 	(8	) 	 	 	(3	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	87	  	 	$	83	  	 	$	85	  	 	$	85	  	 	$	91	  	 				

 	  	December 31, 2015	 	 	September 30, 2015	 	 	December 31, 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	  	 	47	% 	 	 	0.05	% 	 	 	46	% 	 	 	0.05	% 	 	 	46	% 	 	 	0.05	% 	
Alberta	  	 	17	  	 	 	0.12	% 	 	 	17	  	 	 	0.10	% 	 	 	17	  	 	 	0.10	% 	
British Columbia	  	 	14	  	 	 	0.08	% 	 	 	14	  	 	 	0.10	% 	 	 	14	  	 	 	0.14	% 	
Quebec	  	 	13	  	 	 	0.19	% 	 	 	13	  	 	 	0.18	% 	 	 	14	  	 	 	0.19	% 	
Saskatchewan	  	 	3	  	 	 	0.17	% 	 	 	3	  	 	 	0.15	% 	 	 	3	  	 	 	0.13	% 	
Nova Scotia	  	 	2	  	 	 	0.18	% 	 	 	2	  	 	 	0.20	% 	 	 	2	  	 	 	0.23	% 	
Manitoba	  	 	2	  	 	 	0.09	% 	 	 	2	  	 	 	0.08	% 	 	 	2	  	 	 	0.07	% 	
New Brunswick	  	 	1	  	 	 	0.20	% 	 	 	1	  	 	 	0.19	% 	 	 	1	  	 	 	0.20	% 	
All Other	  	 	1	  	 	 	0.13	% 	 	 	2	  	 	 	0.11	% 	 	 	1	  	 	 	0.12	% 	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2006 and prior	  	 	28	% 	 	 	0.02	% 	 	 	29	% 	 	 	0.03	% 	 	 	31	% 	 	 	0.03	% 	
2007	  	 	8	  	 	 	0.14	% 	 	 	8	  	 	 	0.14	% 	 	 	9	  	 	 	0.16	% 	
2008	  	 	6	  	 	 	0.19	% 	 	 	6	  	 	 	0.17	% 	 	 	7	  	 	 	0.21	% 	
2009	  	 	4	  	 	 	0.16	% 	 	 	4	  	 	 	0.15	% 	 	 	5	  	 	 	0.22	% 	
2010	  	 	7	  	 	 	0.21	% 	 	 	7	  	 	 	0.21	% 	 	 	8	  	 	 	0.23	% 	
2011	  	 	6	  	 	 	0.26	% 	 	 	7	  	 	 	0.25	% 	 	 	7	  	 	 	0.25	% 	
2012	  	 	7	  	 	 	0.22	% 	 	 	9	  	 	 	0.21	% 	 	 	10	  	 	 	0.19	% 	
2013	  	 	9	  	 	 	0.16	% 	 	 	9	  	 	 	0.13	% 	 	 	11	  	 	 	0.09	% 	
2014	  	 	10	  	 	 	0.09	% 	 	 	11	  	 	 	0.06	% 	 	 	12	  	 	 	0.02	% 	
2015	  	 	15	  	 	 	0.01	% 	 	 	10	  	 	 	—  	% 	 	 	—  	  	 	 	—  	% 	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	 	 	100	% 	 	 	0.10	% 	

(1)  	Insured loans in-force represent the original number of loans insured for which the coverage term has not expired, and for which no policy level cancellation or termination has been received.	
(2)  	As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company is receiving updated outstanding loans in-force in Canada from most of its customers. As a result, the company estimates that the outstanding loans in-force were 836,000 as of September 30, 2015, 828,000 as of June 30, 2015, 809,100 as of March 31, 2015, and 793,700 as of December 31, 2014. This is based on the extrapolation of the amounts reported by lenders to the entire insured population. The corresponding insured delinquency rate was 0.21% as of September 30, 2015, 0.20% as of June 30, 2015 and 0.22% as of March 31, 2015 and December 31, 2014.	
(3)  	Delinquency rates are based on insured loans in-force.	
(4)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Selected Key Performance Measures—Canada Mortgage Insurance Segment
(Canadian dollar amounts in millions)

 	  	2015	 	  	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims (1) 	  			 	  				 				 				 				  				 				 				 				 				
Flow	  	$	23	  	  	$	25	  	 	$	25	  	 	$	25	  	 	$	98	  	  	$	26	  	 	$	25	  	 	$	28	  	 	$	28	  	 	$	107	  	
Bulk	  	 	1	  	  	 	1	  	 	 	1	  	 	 	2	  	 	 	5	  	  	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	3	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	24	  	  	$	26	  	 	$	26	  	 	$	27	  	 	$	103	  	  	$	27	  	 	$	26	  	 	$	28	  	 	$	29	  	 	$	110	  	

Average Paid Claim (in thousands)	  	$	63.7	  	  	$	66.2	  	 	$	58.7	  	 	$	67.9	  	 				  	$	60.2	  	 	$	63.9	  	 	$	63.4	  	 	$	66.4	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  	$	65.7	  	  	$	64.2	  	 	$	63.6	  	 	$	60.4	  	 				  	$	60.2	  	 	$	58.4	  	 	$	56.4	  	 	$	57.5	  	 				
	 										
Loss Metrics	  			 	  				 				 				 				  				 				 				 				 				
	 										
Beginning Reserves	  	$	110	  	  	$	106	  	 	$	108	  	 	$	106	  	 				  	$	100	  	 	$	96	  	 	$	107	  	 	$	108	  	 				
Paid claims (1)	  	 	(24	) 	  	 	(26	) 	 	 	(26	) 	 	 	(27	) 	 				  	 	(27	) 	 	 	(26	) 	 	 	(28	) 	 	 	(29	) 	 				
Increase in reserves	  	 	34	  	  	 	30	  	 	 	24	  	 	 	29	  	 				  	 	33	  	 	 	30	  	 	 	17	  	 	 	28	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	120	  	  	$	110	  	 	$	106	  	 	$	108	  	 				  	$	106	  	 	$	100	  	 	$	96	  	 	$	107	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount  (2) 	  			 	  				 				 				 				  				 				 				 				 				
	 										
Over $550K	  	 	7	% 	  	 	7	% 	 	 	6	% 	 	 	6	% 	 				  	 	6	% 	 	 	6	% 	 	 	5	% 	 	 	5	% 	 				
$400K to $550K	  	 	13	  	  	 	12	  	 	 	12	  	 	 	12	  	 				  	 	11	  	 	 	11	  	 	 	11	  	 	 	11	  	 				
$250K to $400K	  	 	33	  	  	 	33	  	 	 	33	  	 	 	33	  	 				  	 	33	  	 	 	32	  	 	 	32	  	 	 	32	  	 				
$100K to $250K	  	 	43	  	  	 	44	  	 	 	44	  	 	 	44	  	 				  	 	45	  	 	 	46	  	 	 	47	  	 	 	47	  	 				
$100K or Less	  	 	4	  	  	 	4	  	 	 	5	  	 	 	5	  	 				  	 	5	  	 	 	5	  	 	 	5	  	 	 	5	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 	 	100	% 	 	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	221	  	  	$	218	  	 	$	216	  	 	$	215	  	 				  	$	213	  	 	$	212	  	 	$	209	  	 	$	208	  	 				
											
Average Effective Loan-To-Value Ratios By Policy Year  (3) 	  				  				 				 				 				  				 				 				 				 				
											
2006 and prior	  	 	33	% 	  	 	35	% 	 	 	35	% 	 	 	36	% 	 				  	 	36	% 	 	 	38	% 	 	 	39	% 	 	 	39	% 	 				
2007	  	 	57	% 	  	 	60	% 	 	 	61	% 	 	 	61	% 	 				  	 	61	% 	 	 	64	% 	 	 	64	% 	 	 	65	% 	 				
2008	  	 	64	% 	  	 	67	% 	 	 	68	% 	 	 	68	% 	 				  	 	68	% 	 	 	71	% 	 	 	71	% 	 	 	71	% 	 				
2009	  	 	62	% 	  	 	65	% 	 	 	66	% 	 	 	66	% 	 				  	 	66	% 	 	 	69	% 	 	 	70	% 	 	 	70	% 	 				
2010	  	 	69	% 	  	 	71	% 	 	 	73	% 	 	 	73	% 	 				  	 	73	% 	 	 	76	% 	 	 	77	% 	 	 	77	% 	 				
2011	  	 	73	% 	  	 	75	% 	 	 	77	% 	 	 	77	% 	 				  	 	77	% 	 	 	80	% 	 	 	81	% 	 	 	81	% 	 				
2012	  	 	77	% 	  	 	80	% 	 	 	82	% 	 	 	82	% 	 				  	 	82	% 	 	 	86	% 	 	 	86	% 	 	 	87	% 	 				
2013	  	 	81	% 	  	 	84	% 	 	 	86	% 	 	 	86	% 	 				  	 	87	% 	 	 	90	% 	 	 	91	% 	 	 	91	% 	 				
2014	  	 	87	% 	  	 	90	% 	 	 	92	% 	 	 	92	% 	 				  	 	92	% 	 	 	93	% 	 	 	93	% 	 	 	—  	% 	 				
2015	  	 	91	% 	  	 	93	% 	 	 	93	% 	 	 	—  	% 	 				  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 				
Total Flow	  	 	54	% 	  	 	55	% 	 	 	56	% 	 	 	56	% 	 				  	 	56	% 	 	 	57	% 	 	 	57	% 	 	 	57	% 	 				
											
Total Bulk	  	 	41	% 	  	 	43	% 	 	 	42	% 	 	 	42	% 	 				  	 	42	% 	 	 	42	% 	 	 	41	% 	 	 	41	% 	 				
Total	  	 	51	% 	  	 	52	% 	 	 	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.	
 
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Australia Mortgage Insurance Segment
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 Net Operating Income and Sales—Australia Mortgage Insurance Segment
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	86	  	 	$	92	  	 	$	90	  	 	$	89	  	 	$	357	  	 	$	102	  	 	$	105	  	 	$	102	  	 	$	97	  	 	$	406	  	
Net investment income	 	 	25	  	 	 	28	  	 	 	29	  	 	 	32	  	 	 	114	  	 	 	36	  	 	 	38	  	 	 	36	  	 	 	34	  	 	 	144	  	
Net investment gains (losses)	 	 	2	  	 	 	3	  	 	 	—  	  	 	 	1	  	 	 	6	  	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	3	  	
Policy fees and other income	 	 	1	  	 	 	(1	) 	 	 	1	  	 	 	(4	) 	 	 	(3	) 	 	 	(5	) 	 	 	(7	) 	 	 	(4	) 	 	 	—  	  	 	 	(16	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	114	  	 	 	122	  	 	 	120	  	 	 	118	  	 	 	474	  	 	 	136	  	 	 	136	  	 	 	134	  	 	 	131	  	 	 	537	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	15	  	 	 	27	  	 	 	25	  	 	 	14	  	 	 	81	  	 	 	15	  	 	 	22	  	 	 	24	  	 	 	17	  	 	 	78	  	
Acquisition and operating expenses, net of deferrals	 	 	24	  	 	 	27	  	 	 	25	  	 	 	22	  	 	 	98	  	 	 	30	  	 	 	25	  	 	 	23	  	 	 	19	  	 	 	97	  	
Amortization of deferred acquisition costs and intangibles	 	 	4	  	 	 	4	  	 	 	5	  	 	 	5	  	 	 	18	  	 	 	5	  	 	 	5	  	 	 	6	  	 	 	5	  	 	 	21	  	
Interest expense	 	 	3	  	 	 	3	  	 	 	2	  	 	 	2	  	 	 	10	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	3	  	 	 	10	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	46	  	 	 	61	  	 	 	57	  	 	 	43	  	 	 	207	  	 	 	52	  	 	 	55	  	 	 	55	  	 	 	44	  	 	 	206	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	68	  	 	 	61	  	 	 	63	  	 	 	75	  	 	 	267	  	 	 	84	  	 	 	81	  	 	 	79	  	 	 	87	  	 	 	331	  	
Provision for income taxes	 	 	20	  	 	 	18	  	 	 	18	  	 	 	24	  	 	 	80	  	 	 	202	  	 	 	10	  	 	 	11	  	 	 	25	  	 	 	248	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	48	  	 	 	43	  	 	 	45	  	 	 	51	  	 	 	187	  	 	 	(118	) 	 	 	71	  	 	 	68	  	 	 	62	  	 	 	83	  	
Less: net income attributable to noncontrolling interests	 	 	25	  	 	 	22	  	 	 	16	  	 	 	21	  	 	 	84	  	 	 	22	  	 	 	23	  	 	 	11	  	 	 	—  	  	 	 	56	  	

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	 	 	23	  	 	 	21	  	 	 	29	  	 	 	30	  	 	 	103	  	 	 	(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	) 	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
(Gains) losses on early extinguishment of debt, net	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Tax impact from potential business portfolio changes	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	174	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	174	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 	 	$	22	  	 	$	21	  	 	$	29	  	 	$	30	  	 	$	102	  	 	$	33	  	 	$	48	  	 	$	57	  	 	$	62	  	 	$	200	  	

Effective tax rate (operating income)	 	 	28.7	% 	 	 	28.0	% 	 	 	29.5	% 	 	 	30.5	% 	 	 	29.3	% 	 	 	34.8	% 	 	 	14.2	% 	 	 	10.4	% 	 	 	29.0	% 	 	 	22.3	% 	
											
SALES:	 				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	 				 				 				 				 				 				 				 				 				 				
Flow	 	$	4,600	  	 	$	6,300	  	 	$	6,500	  	 	$	5,800	  	 	$	23,200	  	 	$	8,000	  	 	$	8,100	  	 	$	7,900	  	 	$	7,800	  	 	$	31,800	  	
Bulk	 	 	—  	  	 	 	—  	  	 	 	1,700	  	 	 	—  	  	 	 	1,700	  	 	 	100	  	 	 	1,000	  	 	 	—  	  	 	 	—  	  	 	 	1,100	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Australia NIW (2) 	 	$	4,600	  	 	$	6,300	  	 	$	8,200	  	 	$	5,800	  	 	$	24,900	  	 	$	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 $28 million and $123 million for the three and twelve months ended December 31, 2015, respectively.	
(2)  	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $5,600 million and $29,700 million for the three and twelve months ended December 31, 2015, respectively.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(amounts in millions)

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Premiums Written	  	$	55	  	  	$	79	  	 	$	107	  	 	$	87	  	 	$	328	  	 	$	128	  	 	$	130	  	 	$	125	  	 	$	126	  	 	$	509	  	
Loss Ratio (1),(2) 	  	 	17	% 	  	 	29	% 	 	 	28	% 	 	 	15	% 	 	 	23	% 	 	 	15	% 	 	 	21	% 	 	 	23	% 	 	 	17	% 	 	 	19	% 	
GAAP Basis Expense Ratio (3) 	  	 	31	% 	  	 	34	% 	 	 	33	% 	 	 	30	% 	 	 	32	% 	 	 	34	% 	 	 	28	% 	 	 	28	% 	 	 	25	% 	 	 	29	% 	
Adjusted Expense Ratio (4) 	  	 	49	% 	  	 	40	% 	 	 	28	% 	 	 	31	% 	 	 	35	% 	 	 	27	% 	 	 	23	% 	 	 	23	% 	 	 	20	% 	 	 	23	% 	
	 										
Primary Insurance In-Force	  	$	233,600	  	  	$	224,100	  	 	$	243,800	  	 	$	240,900	  	 				 	$	256,000	  	 	$	271,100	  	 	$	288,500	  	 	$	281,000	  	 				
Primary Risk In-Force (5) 	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	76,000	  	  	$	72,900	  	 	$	79,100	  	 	$	78,600	  	 				 	$	83,400	  	 	$	88,100	  	 	$	93,800	  	 	$	91,100	  	 				
Bulk	  	 	5,500	  	  	 	5,500	  	 	 	6,200	  	 	 	5,700	  	 				 	 	6,200	  	 	 	6,800	  	 	 	7,200	  	 	 	7,200	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	$	81,500	  	  	$	78,400	  	 	$	85,300	  	 	$	84,300	  	 				 	$	89,600	  	 	$	94,900	  	 	$	101,000	  	 	$	98,300	  	 				

							
 	  	December 31, 2015	 	 	 	 	 	 	 	 	September 30, 2015	 	 	 	 	 	 	 	
Risk In-Force by Loan-To-Value Ratio (6) 	  	Primary	 	  	Flow	 	 	Bulk	 	 	 	 	 	 	 	 	Primary	 	 	Flow	 	 	Bulk	 	 	 	 	 	 	 	
95.01% and above	  	$	15,055	  	  	$	15,055	  	 	$	—  	  	 				 				 	$	14,697	  	 	$	14,697	  	 	$	—  	  	 				 				
90.01% to 95.00%	  	 	20,933	  	  	 	20,927	  	 	 	6	  	 				 				 	 	19,883	  	 	 	19,877	  	 	 	6	  	 				 				
80.01% to 90.00%	  	 	21,510	  	  	 	21,446	  	 	 	64	  	 				 				 	 	20,522	  	 	 	20,460	  	 	 	62	  	 				 				
80.00% and below	  	 	23,970	  	  	 	18,545	  	 	 	5,426	  	 				 				 	 	23,323	  	 	 	17,872	  	 	 	5,451	  	 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	 				 				
Total	  	$	81,468	  	  	$	75,972	  	 	$	5,496	  	 				 				 	$	78,425	  	 	$	72,906	  	 	$	5,519	  	 				 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 				 	 	 	 	 	 	 	 	 	 	 	 	 				 				
The loss and expense ratios included above were calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.
Amounts may not total due to rounding.

(1)  	The ratio of incurred losses and loss adjustment expenses to net earned premiums.	
(2)  	During the third quarter of 2015, the company increased reserves $9 million mainly related to the estimate of the period of time it takes for a delinquent loan to be reported and increased net earned premiums $8 million from refinements to premium recognition factors. These adjustments unfavorably impacted the loss ratio by seven percentage points for the three months ended September 30, 2015. 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 percentage points for the three months ended March 31, 2015.	
(3)  	The ratio of an insurer's general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles. The debt early redemption payment of $2 million in the third quarter of 2015 unfavorably impacted the GAAP basis expense ratio for the three months ended September 30, 2015 by two percentage points.	
(4)  	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. The debt early redemption payment of $2 million in the third quarter of 2015 unfavorably impacted the adjusted expense ratio for the three months ended September 30, 2015 by two percentage points.	
(5)  	The business currently provide 100% coverage on the majority of the loans the company insures. For the purpose of representing the risk in-force, Australia has computed an “effective risk in-force” amount which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor that represents the highest expected average per-claim payment for any one underwriting year over the life of the business. This factor was 35% for all periods presented. Australia also has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100% coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor.	
(6)  	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(dollar amounts in millions)

Primary Insurance	  	December 31, 2015	 	 	September 30, 2015	 	 	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	 	 	
Insured loans in-force	  	 	1,478,434	  	 	 	1,479,676	  	 	 	1,481,755	  	 	 	1,498,197	  	 	 	1,496,616	  	 				
Insured delinquent loans	  	 	5,552	  	 	 	5,804	  	 	 	5,900	  	 	 	5,378	  	 	 	4,953	  	 				
Insured delinquency rate	  	 	0.38	% 	 	 	0.39	% 	 	 	0.40	% 	 	 	0.36	% 	 	 	0.33	% 	 				
							
Flow loans in-force	  	 	1,364,628	  	 	 	1,364,537	  	 	 	1,364,653	  	 	 	1,382,156	  	 	 	1,378,584	  	 				
Flow delinquent loans	  	 	5,317	  	 	 	5,545	  	 	 	5,623	  	 	 	5,112	  	 	 	4,714	  	 				
Flow delinquency rate	  	 	0.39	% 	 	 	0.41	% 	 	 	0.41	% 	 	 	0.37	% 	 	 	0.34	% 	 				
							
Bulk loans in-force	  	 	113,806	  	 	 	115,139	  	 	 	117,102	  	 	 	116,041	  	 	 	118,032	  	 				
Bulk delinquent loans	  	 	235	  	 	 	259	  	 	 	277	  	 	 	266	  	 	 	239	  	 				
Bulk delinquency rate	  	 	0.21	% 	 	 	0.22	% 	 	 	0.24	% 	 	 	0.23	% 	 	 	0.20	% 	 				
							
Loss Metrics	  	December 31, 2015	 	 	September 30, 2015	 	 	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 2014	 	 	 	 	
Beginning Reserves	  	$	156	  	 	$	160	  	 	$	149	  	 	$	152	  	 	$	161	  	 				
Paid claims (1)	  	 	(14	) 	 	 	(16	) 	 	 	(15	) 	 	 	(14	) 	 	 	(14	) 	 				
Increase in reserves	  	 	17	  	 	 	27	  	 	 	25	  	 	 	21	  	 	 	15	  	 				
Impact of changes in foreign exchange rates	  	 	6	  	 	 	(15	) 	 	 	1	  	 	 	(10	) 	 	 	(10	) 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	165	  	 	$	156	  	 	$	160	  	 	$	149	  	 	$	152	  	 				

 	  	December 31, 2015	 	 	September 30, 2015	 	 	December 31, 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	% 	 	 	0.27	% 	 	 	29	% 	 	 	0.30	% 	 	 	29	% 	 	 	0.27%	  	
Queensland	  	 	23	  	 	 	0.53	% 	 	 	23	  	 	 	0.57	% 	 	 	23	  	 	 	0.47%	  	
Victoria	  	 	23	  	 	 	0.33	% 	 	 	23	  	 	 	0.35	% 	 	 	23	  	 	 	0.30%	  	
Western Australia	  	 	11	  	 	 	0.46	% 	 	 	11	  	 	 	0.45	% 	 	 	11	  	 	 	0.32%	  	
South Australia	  	 	6	  	 	 	0.51	% 	 	 	6	  	 	 	0.50	% 	 	 	6	  	 	 	0.44%	  	
Australian Capital Territory	  	 	3	  	 	 	0.17	% 	 	 	3	  	 	 	0.15	% 	 	 	3	  	 	 	0.16%	  	
Tasmania	  	 	2	  	 	 	0.32	% 	 	 	2	  	 	 	0.31	% 	 	 	2	  	 	 	0.25%	  	
New Zealand	  	 	2	  	 	 	0.17	% 	 	 	2	  	 	 	0.23	% 	 	 	2	  	 	 	0.28%	  	
Northern Territory	  	 	1	  	 	 	0.17	% 	 	 	1	  	 	 	0.21	% 	 	 	1	  	 	 	0.16%	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.38	% 	 	 	100	% 	 	 	0.39	% 	 	 	100	% 	 	 	0.33%	  	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2006 and prior	  	 	29	% 	 	 	0.23	% 	 	 	29	% 	 	 	0.24	% 	 	 	32	% 	 	 	0.20%	  	
2007	  	 	7	  	 	 	0.72	% 	 	 	7	  	 	 	0.74	% 	 	 	8	  	 	 	0.63%	  	
2008	  	 	6	  	 	 	0.89	% 	 	 	7	  	 	 	0.93	% 	 	 	7	  	 	 	0.87%	  	
2009	  	 	8	  	 	 	0.71	% 	 	 	8	  	 	 	0.75	% 	 	 	9	  	 	 	0.66%	  	
2010	  	 	6	  	 	 	0.46	% 	 	 	6	  	 	 	0.44	% 	 	 	6	  	 	 	0.38%	  	
2011	  	 	6	  	 	 	0.46	% 	 	 	6	  	 	 	0.46	% 	 	 	7	  	 	 	0.40%	  	
2012	  	 	8	  	 	 	0.49	% 	 	 	9	  	 	 	0.51	% 	 	 	9	  	 	 	0.32%	  	
2013	  	 	10	  	 	 	0.37	% 	 	 	10	  	 	 	0.37	% 	 	 	11	  	 	 	0.18%	  	
2014	  	 	11	  	 	 	0.19	% 	 	 	11	  	 	 	0.16	% 	 	 	11	  	 	 	0.02%	  	
2015	  	 	9	  	 	 	0.02	% 	 	 	7	  	 	 	0.01	% 	 	 	—  	% 	 	 	—  %	  	
	  	 	 	 	 				 	 	 	 	 				 	 	 	 	 				
Total	  	 	100	% 	 	 	0.38	% 	 	 	100	% 	 	 	0.39	% 	 	 	100	% 	 	 	0.33%	  	

(1)  	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Selected Key Performance Measures—Australia Mortgage Insurance Segment
(Australian dollar amounts in millions)

 	  	2015	 	  	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	  	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Paid Claims (1) 	  			 	  				 				 				 				  				 				 				 				 				
Flow	  	$	22	  	  	$	21	  	 	$	19	  	 	$	17	  	 	$	79	  	  	$	15	  	 	$	20	  	 	$	25	  	 	$	30	  	 	$	90	  	
Bulk	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	22	  	  	$	21	  	 	$	19	  	 	$	18	  	 	$	80	  	  	$	15	  	 	$	21	  	 	$	25	  	 	$	30	  	 	$	91	  	

Average Paid Claim (in thousands)	  	$	71.0	  	  	$	65.9	  	 	$	66.9	  	 	$	62.5	  	 				  	$	49.5	  	 	$	58.6	  	 	$	60.5	  	 	$	65.1	  	 				
	 										
Average Reserve Per Delinquency (in thousands)	  	$	40.7	  	  	$	38.3	  	 	$	35.2	  	 	$	36.4	  	 				  	$	37.6	  	 	$	34.8	  	 	$	33.6	  	 	$	35.7	  	 				
	 										
Loss Metrics	  			 	  				 				 				 				  				 				 				 				 				
Beginning Reserves	  	$	222	  	  	$	208	  	 	$	196	  	 	$	186	  	 				  	$	184	  	 	$	181	  	 	$	181	  	 	$	192	  	 				
Paid claims (1)	  	 	(22	) 	  	 	(21	) 	 	 	(19	) 	 	 	(18	) 	 				  	 	(15	) 	 	 	(21	) 	 	 	(25	) 	 	 	(30	) 	 				
Increase in reserves	  	 	26	  	  	 	35	  	 	 	31	  	 	 	28	  	 				  	 	17	  	 	 	24	  	 	 	25	  	 	 	19	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Ending Reserves	  	$	226	  	  	$	222	  	 	$	208	  	 	$	196	  	 				  	$	186	  	 	$	184	  	 	$	181	  	 	$	181	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Loan Amount (2)	  			 	  				 				 				 				  				 				 				 				 				
	 										
Over $550K	  	 	15	% 	  	 	15	% 	 	 	14	% 	 	 	13	% 	 				  	 	13	% 	 	 	13	% 	 	 	12	% 	 	 	12	% 	 				
$400K to $550K	  	 	19	  	  	 	19	  	 	 	19	  	 	 	19	  	 				  	 	18	  	 	 	18	  	 	 	18	  	 	 	18	  	 				
$250K to $400K	  	 	36	  	  	 	36	  	 	 	36	  	 	 	37	  	 				  	 	37	  	 	 	37	  	 	 	37	  	 	 	37	  	 				
$100K to $250K	  	 	25	  	  	 	25	  	 	 	25	  	 	 	26	  	 				  	 	26	  	 	 	26	  	 	 	27	  	 	 	27	  	 				
$100K or Less	  	 	5	  	  	 	5	  	 	 	6	  	 	 	5	  	 				  	 	6	  	 	 	6	  	 	 	6	  	 	 	6	  	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	 	100	% 	  	 	100	% 	 	 	100	% 	 	 	100	% 	 				  	 	100	% 	 	 	100	% 	 	 	100	% 	 	 	100	% 	 				

Average Primary Loan Size (in thousands)	  	$	217	  	  	$	216	  	 	$	213	  	 	$	211	  	 				  	$	210	  	 	$	208	  	 	$	207	  	 	$	205	  	 				
											
Average Effective Loan-To-Value Ratios By Policy Year  (3) 	  				  				 				 				 				  				 				 				 				 				
											
2006 and prior	  	 	32	% 	  	 	34	% 	 	 	35	% 	 	 	36	% 	 				  	 	36	% 	 	 	38	% 	 	 	38	% 	 	 	40	% 	 				
2007	  	 	53	% 	  	 	55	% 	 	 	56	% 	 	 	57	% 	 				  	 	58	% 	 	 	60	% 	 	 	61	% 	 	 	63	% 	 				
2008	  	 	60	% 	  	 	62	% 	 	 	63	% 	 	 	65	% 	 				  	 	66	% 	 	 	67	% 	 	 	68	% 	 	 	70	% 	 				
2009	  	 	61	% 	  	 	64	% 	 	 	65	% 	 	 	67	% 	 				  	 	68	% 	 	 	69	% 	 	 	70	% 	 	 	73	% 	 				
2010	  	 	66	% 	  	 	68	% 	 	 	70	% 	 	 	72	% 	 				  	 	73	% 	 	 	74	% 	 	 	76	% 	 	 	78	% 	 				
2011	  	 	68	% 	  	 	70	% 	 	 	72	% 	 	 	73	% 	 				  	 	74	% 	 	 	76	% 	 	 	77	% 	 	 	80	% 	 				
2012	  	 	69	% 	  	 	71	% 	 	 	72	% 	 	 	74	% 	 				  	 	75	% 	 	 	77	% 	 	 	78	% 	 	 	80	% 	 				
2013	  	 	73	% 	  	 	75	% 	 	 	76	% 	 	 	78	% 	 				  	 	79	% 	 	 	81	% 	 	 	82	% 	 	 	84	% 	 				
2014	  	 	80	% 	  	 	82	% 	 	 	84	% 	 	 	85	% 	 				  	 	86	% 	 	 	87	% 	 	 	87	% 	 	 	—  	% 	 				
2015	  	 	84	% 	  	 	87	% 	 	 	87	% 	 	 	—  	% 	 				  	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 	 	—  	% 	 				
Total Flow	  	 	57	% 	  	 	59	% 	 	 	59	% 	 	 	60	% 	 				  	 	60	% 	 	 	61	% 	 	 	61	% 	 	 	62	% 	 				
											
Total Bulk	  	 	25	% 	  	 	27	% 	 	 	26	% 	 	 	27	% 	 				  	 	28	% 	 	 	28	% 	 	 	29	% 	 	 	30	% 	 				
Total	  	 	54	% 	  	 	56	% 	 	 	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.	
 
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U.S. Life Insurance Segment

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

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	797	  	  	$	784	  	 	$	769	  	 	$	778	  	 	$	3,128	  	 	$	827	  	 	$	821	  	 	$	762	  	 	$	759	  	 	$	3,169	  	
Net investment income	  	 	673	  	  	 	680	  	 	 	677	  	 	 	671	  	 	 	2,701	  	 	 	676	  	 	 	658	  	 	 	671	  	 	 	660	  	 	 	2,665	  	
Net investment gains (losses)	  	 	17	  	  	 	(16	) 	 	 	(7	) 	 	 	(4	) 	 	 	(10	) 	 	 	12	  	 	 	1	  	 	 	25	  	 	 	3	  	 	 	41	  	
Policy fees and other income	  	 	187	  	  	 	177	  	 	 	182	  	 	 	180	  	 	 	726	  	 	 	180	  	 	 	186	  	 	 	175	  	 	 	171	  	 	 	712	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,674	  	  	 	1,625	  	 	 	1,621	  	 	 	1,625	  	 	 	6,545	  	 	 	1,695	  	 	 	1,666	  	 	 	1,633	  	 	 	1,593	  	 	 	6,587	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,324	  	  	 	1,155	  	 	 	1,122	  	 	 	1,091	  	 	 	4,692	  	 	 	1,981	  	 	 	1,722	  	 	 	1,087	  	 	 	1,030	  	 	 	5,820	  	
Interest credited	  	 	148	  	  	 	148	  	 	 	150	  	 	 	150	  	 	 	596	  	 	 	154	  	 	 	155	  	 	 	155	  	 	 	154	  	 	 	618	  	
Acquisition and operating expenses, net of deferrals	  	 	178	  	  	 	176	  	 	 	167	  	 	 	163	  	 	 	684	  	 	 	168	  	 	 	173	  	 	 	156	  	 	 	161	  	 	 	658	  	
Amortization of deferred acquisition costs and intangibles	  	 	194	  	  	 	530	  	 	 	75	  	 	 	73	  	 	 	872	  	 	 	98	  	 	 	91	  	 	 	81	  	 	 	75	  	 	 	345	  	
Goodwill impairment	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	299	  	 	 	550	  	 	 	—  	  	 	 	—  	  	 	 	849	  	
Interest expense	  	 	23	  	  	 	22	  	 	 	22	  	 	 	25	  	 	 	92	  	 	 	23	  	 	 	22	  	 	 	21	  	 	 	21	  	 	 	87	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,867	  	  	 	2,031	  	 	 	1,536	  	 	 	1,502	  	 	 	6,936	  	 	 	2,723	  	 	 	2,713	  	 	 	1,500	  	 	 	1,441	  	 	 	8,377	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(193	) 	  	 	(406	) 	 	 	85	  	 	 	123	  	 	 	(391	) 	 	 	(1,028	) 	 	 	(1,047	) 	 	 	133	  	 	 	152	  	 	 	(1,790	) 	
Provision (benefit) for income taxes	  	 	(68	) 	  	 	(144	) 	 	 	31	  	 	 	43	  	 	 	(138	) 	 	 	(278	) 	 	 	(211	) 	 	 	47	  	 	 	57	  	 	 	(385	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(125	) 	  	 	(262	) 	 	 	54	  	 	 	80	  	 	 	(253	) 	 	 	(750	) 	 	 	(836	) 	 	 	86	  	 	 	95	  	 	 	(1,405	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(12	) 	  	 	6	  	 	 	2	  	 	 	1	  	 	 	(3	) 	 	 	(6	) 	 	 	(3	) 	 	 	(17	) 	 	 	(1	) 	 	 	(27	) 	
Goodwill impairment, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	274	  	 	 	517	  	 	 	—  	  	 	 	—  	  	 	 	791	  	
(Gains) losses from life block transactions, net	  	 	—  	  	  	 	296	  	 	 	—  	  	 	 	—  	  	 	 	296	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	2	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(135	) 	  	$	40	  	 	$	57	  	 	$	81	  	 	$	43	  	 	$	(482	) 	 	$	(322	) 	 	$	69	  	 	$	94	  	 	$	(641	) 	

Effective tax rate (operating income (loss))	  	 	35.3	%  	  	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	34.7	%  	 	 	35.8	%  	 	 	35.6	%  	 	 	37.3	%  	 	 	34.7	%  	
 
34

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

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	633	  	  	$	618	  	 	$	597	  	 	$	589	  	 	$	2,437	  	 	$	607	  	 	$	587	  	 	$	577	  	 	$	565	  	 	$	2,336	  	
Net investment income	  	 	325	  	  	 	327	  	 	 	320	  	 	 	313	  	 	 	1,285	  	 	 	303	  	 	 	293	  	 	 	292	  	 	 	290	  	 	 	1,178	  	
Net investment gains (losses)	  	 	24	  	  	 	4	  	 	 	(3	) 	 	 	3	  	 	 	28	  	 	 	6	  	 	 	(1	) 	 	 	3	  	 	 	—  	  	 	 	8	  	
Policy fees and other income	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	983	  	  	 	949	  	 	 	915	  	 	 	905	  	 	 	3,752	  	 	 	916	  	 	 	879	  	 	 	872	  	 	 	856	  	 	 	3,523	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	797	  	  	 	825	  	 	 	780	  	 	 	766	  	 	 	3,168	  	 	 	1,545	  	 	 	1,313	  	 	 	735	  	 	 	664	  	 	 	4,257	  	
Interest credited	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Acquisition and operating expenses, net of deferrals	  	 	110	  	  	 	112	  	 	 	98	  	 	 	95	  	 	 	415	  	 	 	106	  	 	 	103	  	 	 	97	  	 	 	93	  	 	 	399	  	
Amortization of deferred acquisition costs and intangibles	  	 	25	  	  	 	24	  	 	 	24	  	 	 	26	  	 	 	99	  	 	 	34	  	 	 	25	  	 	 	27	  	 	 	26	  	 	 	112	  	
Goodwill impairment	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	154	  	 	 	200	  	 	 	—  	  	 	 	—  	  	 	 	354	  	
Interest expense	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	932	  	  	 	961	  	 	 	902	  	 	 	887	  	 	 	3,682	  	 	 	1,839	  	 	 	1,641	  	 	 	859	  	 	 	783	  	 	 	5,122	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	51	  	  	 	(12	) 	 	 	13	  	 	 	18	  	 	 	70	  	 	 	(923	) 	 	 	(762	) 	 	 	13	  	 	 	73	  	 	 	(1,599	) 	
Provision (benefit) for income taxes	  	 	19	  	  	 	(5	) 	 	 	5	  	 	 	6	  	 	 	25	  	 	 	(291	) 	 	 	(234	) 	 	 	5	  	 	 	27	  	 	 	(493	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	32	  	  	 	(7	) 	 	 	8	  	 	 	12	  	 	 	45	  	 	 	(632	) 	 	 	(528	) 	 	 	8	  	 	 	46	  	 	 	(1,106	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(15	) 	  	 	(3	) 	 	 	2	  	 	 	(2	) 	 	 	(18	) 	 	 	(3	) 	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	(5	) 	
Goodwill impairment, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	129	  	 	 	167	  	 	 	—  	  	 	 	—  	  	 	 	296	  	
Expenses related to restructuring, net	  	 	2	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	19	  	  	$	(10	) 	 	$	10	  	 	$	10	  	 	$	29	  	 	$	(506	) 	 	$	(361	) 	 	$	6	  	 	$	46	  	 	$	(815	) 	

Effective tax rate (operating income (loss))	  	 	35.3	%  	  	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	34.6	%  	 	 	35.7	%  	 	 	37.1	%  	 	 	37.0	%  	 	 	34.9	%  	
											
SALES:	  				  				 				 				 				 				 				 				 				 				
Individual Long-Term Care Insurance	  	$	8	  	  	$	7	  	 	$	8	  	 	$	10	  	 	$	33	  	 	$	17	  	 	$	28	  	 	$	24	  	 	$	21	  	 	$	90	  	
Group Long-Term Care Insurance	  	 	2	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	 	 	6	  	 	 	1	  	 	 	2	  	 	 	1	  	 	 	10	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	10	  	  	$	8	  	 	$	9	  	 	$	11	  	 	$	38	  	 	$	23	  	 	$	29	  	 	$	26	  	 	$	22	  	 	$	100	  	

RATIOS:	  				  				 				 				 				 				 				 				 				 				
Loss Ratio (1)	  	 	72.9	% 	  	 	76.4	% 	 	 	72.6	% 	 	 	72.4	% 	 	 	73.6	% 	 	 	200.1	% 	 	 	173.0	% 	 	 	73.2	% 	 	 	63.3	% 	 	 	128.8	% 	
Gross Benefits Ratio (2)	  	 	125.9	% 	  	 	133.5	% 	 	 	130.5	% 	 	 	130.2	% 	 	 	130.0	% 	 	 	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.	
 
35

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

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	160	  	  	$	162	  	 	$	169	  	 	$	179	  	 	$	670	  	 	$	175	  	 	$	193	  	 	$	171	  	 	$	183	  	 	$	722	  	
Net investment income	  	 	125	  	  	 	126	  	 	 	127	  	 	 	127	  	 	 	505	  	 	 	133	  	 	 	123	  	 	 	137	  	 	 	128	  	 	 	521	  	
Net investment gains (losses)	  	 	15	  	  	 	(8	) 	 	 	3	  	 	 	3	  	 	 	13	  	 	 	—  	  	 	 	10	  	 	 	23	  	 	 	1	  	 	 	34	  	
Policy fees and other income	  	 	183	  	  	 	175	  	 	 	178	  	 	 	178	  	 	 	714	  	 	 	179	  	 	 	184	  	 	 	173	  	 	 	168	  	 	 	704	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	483	  	  	 	455	  	 	 	477	  	 	 	487	  	 	 	1,902	  	 	 	487	  	 	 	510	  	 	 	504	  	 	 	480	  	 	 	1,981	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	446	  	  	 	248	  	 	 	266	  	 	 	250	  	 	 	1,210	  	 	 	315	  	 	 	293	  	 	 	257	  	 	 	281	  	 	 	1,146	  	
Interest credited	  	 	68	  	  	 	66	  	 	 	68	  	 	 	66	  	 	 	268	  	 	 	67	  	 	 	67	  	 	 	66	  	 	 	66	  	 	 	266	  	
Acquisition and operating expenses, net of deferrals	  	 	50	  	  	 	48	  	 	 	52	  	 	 	51	  	 	 	201	  	 	 	45	  	 	 	52	  	 	 	45	  	 	 	50	  	 	 	192	  	
Amortization of deferred acquisition costs and intangibles	  	 	150	  	  	 	487	  	 	 	33	  	 	 	30	  	 	 	700	  	 	 	36	  	 	 	46	  	 	 	32	  	 	 	26	  	 	 	140	  	
Goodwill impairment	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	145	  	 	 	350	  	 	 	—  	  	 	 	—  	  	 	 	495	  	
Interest expense	  	 	23	  	  	 	22	  	 	 	22	  	 	 	25	  	 	 	92	  	 	 	23	  	 	 	22	  	 	 	21	  	 	 	21	  	 	 	87	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	737	  	  	 	871	  	 	 	441	  	 	 	422	  	 	 	2,471	  	 	 	631	  	 	 	830	  	 	 	421	  	 	 	444	  	 	 	2,326	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(254	) 	  	 	(416	) 	 	 	36	  	 	 	65	  	 	 	(569	) 	 	 	(144	) 	 	 	(320	) 	 	 	83	  	 	 	36	  	 	 	(345	) 	
Provision (benefit) for income taxes	  	 	(90	) 	  	 	(147	) 	 	 	13	  	 	 	23	  	 	 	(201	) 	 	 	—  	  	 	 	11	  	 	 	29	  	 	 	14	  	 	 	54	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(164	) 	  	 	(269	) 	 	 	23	  	 	 	42	  	 	 	(368	) 	 	 	(144	) 	 	 	(331	) 	 	 	54	  	 	 	22	  	 	 	(399	) 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(9	) 	  	 	4	  	 	 	(2	) 	 	 	(2	) 	 	 	(9	) 	 	 	—  	  	 	 	(6	) 	 	 	(15	) 	 	 	(1	) 	 	 	(22	) 	
Goodwill impairment, net	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	145	  	 	 	350	  	 	 	—  	  	 	 	—  	  	 	 	495	  	
(Gains) losses from life block transactions, net	  	 	—  	  	  	 	296	  	 	 	—  	  	 	 	—  	  	 	 	296	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	—  	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(173	) 	  	$	31	  	 	$	22	  	 	$	40	  	 	$	(80	) 	 	$	1	  	 	$	13	  	 	$	39	  	 	$	21	  	 	$	74	  	

Effective tax rate (operating income (loss))	  	 	35.3	%  	  	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	NM	(1)  	 	 	35.2	%  	 	 	35.4	%  	 	 	39.3	%  	 	 	36.2	%  	
											
SALES:	  				  				 				 				 				 				 				 				 				 				
Term Life	  	$	6	  	  	$	7	  	 	$	9	  	 	$	9	  	 	$	31	  	 	$	11	  	 	$	13	  	 	$	14	  	 	$	13	  	 	$	51	  	
Universal Life	  	 	3	  	  	 	2	  	 	 	4	  	 	 	4	  	 	 	13	  	 	 	7	  	 	 	11	  	 	 	7	  	 	 	6	  	 	 	31	  	
Linked-Benefits	  	 	1	  	  	 	3	  	 	 	2	  	 	 	4	  	 	 	10	  	 	 	5	  	 	 	4	  	 	 	5	  	 	 	2	  	 	 	16	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	10	  	  	$	12	  	 	$	15	  	 	$	17	  	 	$	54	  	 	$	23	  	 	$	28	  	 	$	26	  	 	$	21	  	 	$	98	  	

 

(1)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
Net Operating Income and Sales—U.S. Life Insurance Segment—Fixed Annuities
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	4	  	 	$	4	  	 	$	3	  	 	$	10	  	 	$	21	  	 	$	45	  	 	$	41	  	 	$	14	  	 	$	11	  	 	$	111	  	
Net investment income	 	 	223	  	 	 	227	  	 	 	230	  	 	 	231	  	 	 	911	  	 	 	240	  	 	 	242	  	 	 	242	  	 	 	242	  	 	 	966	  	
Net investment gains (losses)	 	 	(22	) 	 	 	(12	) 	 	 	(7	) 	 	 	(10	) 	 	 	(51	) 	 	 	6	  	 	 	(8	) 	 	 	(1	) 	 	 	2	  	 	 	(1	) 	
Policy fees and other income	 	 	3	  	 	 	2	  	 	 	3	  	 	 	2	  	 	 	10	  	 	 	1	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	7	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	208	  	 	 	221	  	 	 	229	  	 	 	233	  	 	 	891	  	 	 	292	  	 	 	277	  	 	 	257	  	 	 	257	  	 	 	1,083	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	81	  	 	 	82	  	 	 	76	  	 	 	75	  	 	 	314	  	 	 	121	  	 	 	116	  	 	 	95	  	 	 	85	  	 	 	417	  	
Interest credited	 	 	80	  	 	 	82	  	 	 	82	  	 	 	84	  	 	 	328	  	 	 	87	  	 	 	88	  	 	 	89	  	 	 	88	  	 	 	352	  	
Acquisition and operating expenses, net of deferrals	 	 	18	  	 	 	16	  	 	 	17	  	 	 	17	  	 	 	68	  	 	 	17	  	 	 	18	  	 	 	14	  	 	 	18	  	 	 	67	  	
Amortization of deferred acquisition costs and intangibles	 	 	19	  	 	 	19	  	 	 	18	  	 	 	17	  	 	 	73	  	 	 	28	  	 	 	20	  	 	 	22	  	 	 	23	  	 	 	93	  	
Interest expense	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	198	  	 	 	199	  	 	 	193	  	 	 	193	  	 	 	783	  	 	 	253	  	 	 	242	  	 	 	220	  	 	 	214	  	 	 	929	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	10	  	 	 	22	  	 	 	36	  	 	 	40	  	 	 	108	  	 	 	39	  	 	 	35	  	 	 	37	  	 	 	43	  	 	 	154	  	
Provision for income taxes	 	 	3	  	 	 	8	  	 	 	13	  	 	 	14	  	 	 	38	  	 	 	13	  	 	 	12	  	 	 	13	  	 	 	16	  	 	 	54	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	7	  	 	 	14	  	 	 	23	  	 	 	26	  	 	 	70	  	 	 	26	  	 	 	23	  	 	 	24	  	 	 	27	  	 	 	100	  	
	 										
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	12	  	 	 	5	  	 	 	2	  	 	 	5	  	 	 	24	  	 	 	(3	) 	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	 	$	19	  	 	$	19	  	 	$	25	  	 	$	31	  	 	$	94	  	 	$	23	  	 	$	26	  	 	$	24	  	 	$	27	  	 	$	100	  	

Effective tax rate (operating income)	 	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	35.3	%  	 	 	33.3	%  	 	 	34.8	%  	 	 	35.5	%  	 	 	36.2	%  	 	 	35.0	%  	
											
SALES:	 				 				 				 				 				 				 				 				 				 				
Single Premium Deferred Annuities	 	$	297	  	 	$	248	  	 	$	211	  	 	$	306	  	 	$	1,062	  	 	$	439	  	 	$	322	  	 	$	400	  	 	$	492	  	 	$	1,653	  	
Single Premium Immediate Annuities	 	 	17	  	 	 	12	  	 	 	13	  	 	 	20	  	 	 	62	  	 	 	56	  	 	 	49	  	 	 	29	  	 	 	28	  	 	 	162	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	 	$	314	  	 	$	260	  	 	$	224	  	 	$	326	  	 	$	1,124	  	 	$	495	  	 	$	371	  	 	$	429	  	 	$	520	  	 	$	1,815	  	

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

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	—  	  	 	$	—  	  	 	$	1	  	 	$	—  	  	 	$	1	  	 	$	 —  	  	 	$	1	  	 	$	1	  	 	$	1	  	 	$	3	  	
Net investment income	 	 	35	  	 	 	32	  	 	 	40	  	 	 	31	  	 	 	138	  	 	 	32	  	 	 	32	  	 	 	33	  	 	 	32	  	 	 	129	  	
Net investment gains (losses)	 	 	(30	) 	 	 	(25	) 	 	 	(8	) 	 	 	(6	) 	 	 	(69	) 	 	 	(23	) 	 	 	(33	) 	 	 	3	  	 	 	(13	) 	 	 	(66	) 	
Policy fees and other income	 	 	45	  	 	 	46	  	 	 	49	  	 	 	49	  	 	 	189	  	 	 	51	  	 	 	53	  	 	 	52	  	 	 	53	  	 	 	209	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	50	  	 	 	53	  	 	 	82	  	 	 	74	  	 	 	259	  	 	 	60	  	 	 	53	  	 	 	89	  	 	 	73	  	 	 	275	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	8	  	 	 	18	  	 	 	11	  	 	 	7	  	 	 	44	  	 	 	10	  	 	 	13	  	 	 	6	  	 	 	8	  	 	 	37	  	
Interest credited	 	 	32	  	 	 	31	  	 	 	31	  	 	 	30	  	 	 	124	  	 	 	31	  	 	 	30	  	 	 	29	  	 	 	29	  	 	 	119	  	
Acquisition and operating expenses, net of deferrals	 	 	19	  	 	 	17	  	 	 	21	  	 	 	19	  	 	 	76	  	 	 	22	  	 	 	22	  	 	 	20	  	 	 	20	  	 	 	84	  	
Amortization of deferred acquisition costs and intangibles	 	 	(3	) 	 	 	17	  	 	 	10	  	 	 	5	  	 	 	29	  	 	 	13	  	 	 	5	  	 	 	10	  	 	 	11	  	 	 	39	  	
Interest expense	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	56	  	 	 	83	  	 	 	74	  	 	 	61	  	 	 	274	  	 	 	76	  	 	 	70	  	 	 	66	  	 	 	68	  	 	 	280	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	(6	) 	 	 	(30	) 	 	 	8	  	 	 	13	  	 	 	(15	) 	 	 	(16	) 	 	 	(17	) 	 	 	23	  	 	 	5	  	 	 	(5	) 	
Provision (benefit) for income taxes	 	 	(3	) 	 	 	(12	) 	 	 	2	  	 	 	3	  	 	 	(10	) 	 	 	(19	) 	 	 	(5	) 	 	 	5	  	 	 	—  	  	 	 	(19	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	(3	) 	 	 	(18	) 	 	 	6	  	 	 	10	  	 	 	(5	) 	 	 	3	  	 	 	(12	) 	 	 	18	  	 	 	5	  	 	 	14	  	
	 										
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	 	 	14	  	 	 	14	  	 	 	3	  	 	 	1	  	 	 	32	  	 	 	13	  	 	 	17	  	 	 	(3	) 	 	 	7	  	 	 	34	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	11	  	 	$	(4	) 	 	$	9	  	 	$	11	  	 	$	27	  	 	$	16	  	 	$	5	  	 	$	15	  	 	$	12	  	 	$	48	  	

Effective tax rate (operating income (loss))	 	 	26.6	% 	 	 	49.2	% 	 	 	25.7	% 	 	 	26.7	% 	 	 	19.9	% 	 	 	NM 	(1)  	 	 	48.2	% 	 	 	16.1	% 	 	 	25.1	% 	 	 	-1.0	% 	

(1)  	“NM” is defined as not meaningful for percentages greater than 200%.	
 
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Corporate and Other
 
40

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

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	6	  	  	$	7	  	 	$	5	  	 	$	7	  	 	$	25	  	 	$	7	  	 	$	7	  	 	$	7	  	 	$	8	  	 	$	29	  	
Net investment income	  	 	3	  	  	 	(1	) 	 	 	1	  	 	 	(6	) 	 	 	(3	) 	 	 	4	  	 	 	(8	) 	 	 	1	  	 	 	(7	) 	 	 	(10	) 	
Net investment gains (losses)	  	 	6	  	  	 	9	  	 	 	3	  	 	 	11	  	 	 	29	  	 	 	4	  	 	 	9	  	 	 	(6	) 	 	 	(5	) 	 	 	2	  	
Policy fees and other income	  	 	—  	  	  	 	—  	  	 	 	(10	) 	 	 	—  	  	 	 	(10	) 	 	 	2	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	1	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	15	  	  	 	15	  	 	 	(1	) 	 	 	12	  	 	 	41	  	 	 	17	  	 	 	7	  	 	 	2	  	 	 	(4	) 	 	 	22	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	3	  	  	 	3	  	 	 	3	  	 	 	5	  	 	 	14	  	 	 	6	  	 	 	8	  	 	 	6	  	 	 	4	  	 	 	24	  	
Acquisition and operating expenses, net of deferrals	  	 	154	  	  	 	40	  	 	 	22	  	 	 	14	  	 	 	230	  	 	 	18	  	 	 	11	  	 	 	21	  	 	 	19	  	 	 	69	  	
Amortization of deferred acquisition costs and intangibles	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	3	  	
Interest expense	  	 	74	  	  	 	75	  	 	 	74	  	 	 	75	  	 	 	298	  	 	 	76	  	 	 	74	  	 	 	82	  	 	 	82	  	 	 	314	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	231	  	  	 	118	  	 	 	99	  	 	 	95	  	 	 	543	  	 	 	101	  	 	 	94	  	 	 	109	  	 	 	106	  	 	 	410	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(216	) 	  	 	(103	) 	 	 	(100	) 	 	 	(83	) 	 	 	(502	) 	 	 	(84	) 	 	 	(87	) 	 	 	(107	) 	 	 	(110	) 	 	 	(388	) 	
Provision (benefit) for income taxes	  	 	(28	) 	  	 	(33	) 	 	 	(39	) 	 	 	(30	) 	 	 	(130	) 	 	 	(18	) 	 	 	5	  	 	 	(30	) 	 	 	(50	) 	 	 	(93	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS	  	 	(188	) 	  	 	(70	) 	 	 	(61	) 	 	 	(53	) 	 	 	(372	) 	 	 	(66	) 	 	 	(92	) 	 	 	(77	) 	 	 	(60	) 	 	 	(295	) 	
Income (loss) from discontinued operations, net of taxes	  	 	(73	) 	  	 	(21	) 	 	 	(314	) 	 	 	1	  	 	 	(407	) 	 	 	138	  	 	 	6	  	 	 	4	  	 	 	9	  	 	 	157	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	 	(261	) 	  	 	(91	) 	 	 	(375	) 	 	 	(52	) 	 	 	(779	) 	 	 	72	  	 	 	(86	) 	 	 	(73	) 	 	 	(51	) 	 	 	(138	) 	
	 										
ADJUSTMENTS TO NET INCOME (LOSS):	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net	  	 	(5	) 	  	 	(6	) 	 	 	(2	) 	 	 	(7	) 	 	 	(20	) 	 	 	(4	) 	 	 	(6	) 	 	 	4	  	 	 	4	  	 	 	(2	) 	
(Gains) losses on sale of business, net	  	 	134	  	  	 	7	  	 	 	—  	  	 	 	—  	  	 	 	141	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
(Gains) losses on early extinguishment of debt, net	  	 	—  	  	  	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Expenses related to restructuring, net	  	 	1	  	  	 	—  	  	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Tax impact from potential business portfolio changes	  	 	—  	  	  	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	31	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	31	  	
(Income) loss from discontinued operations, net of taxes	  	 	73	  	  	 	21	  	 	 	314	  	 	 	(1	) 	 	 	407	  	 	 	(138	) 	 	 	(6	) 	 	 	(4	) 	 	 	(9	) 	 	 	(157	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING LOSS (2) 	  	$	(58	) 	  	$	(68	) 	 	$	(62	) 	 	$	(60	) 	 	$	(248	) 	 	$	(39	) 	 	$	(98	) 	 	$	(73	) 	 	$	(56	) 	 	$	(266	) 	

Effective tax rate (operating loss)	  	 	27.4	%  	  	 	40.0	%  	 	 	40.2	%  	 	 	34.0	%  	 	 	36.0	%  	 	 	57.1	%  	 	 	-1.6	%  	 	 	27.4	%  	 	 	46.1	%  	 	 	32.0	%  	
 
(1)       Includes inter-segment eliminations and the results of other businesses that are managed outside of the operating segments.
(2)       Operating results of certain smaller international mortgage insurance businesses are included above. Metrics for these businesses were as follows:	         

																																									
  	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net Operating Loss	  	$	(4	) 	  	$	(5	) 	 	$	(5	) 	 	$	(6	) 	 	$	(20	) 	 	$	(7	) 	 	$	(7	) 	 	$	(7	) 	 	$	(4	) 	 	$	(25	) 	
Loss Ratio (a)	  	 	62	% 	  	 	48	% 	 	 	43	% 	 	 	81	% 	 	 	59	% 	 	 	84	% 	 	 	105	% 	 	 	90	% 	 	 	55	% 	 	 	83	% 	
GAAP Basis Expense Ratio (b),(c)	  	 	145	% 	  	 	143	% 	 	 	143	% 	 	 	125	% 	 	 	139	% 	 	 	115	% 	 	 	126	% 	 	 	131	% 	 	 	107	% 	 	 	120	% 	

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.

 
(a)      The ratio of incurred losses and loss adjustment expenses to net earned premiums.
(b)      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.
(c)      Includes the impact of settlements and cancelled insurance contracts, primarily in Europe.	

        

 
41

Table of Contents
 Additional Financial Data
 
42

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 Investments Summary
(amounts in millions)

 	 	 	 	December 31, 2015	 	 	September 30, 2015	 	 	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 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	 	$	31,969	  	 	 	43	% 	 	$	33,541	  	 	 	44	% 	 	$	33,407	  	 	 	45	% 	 	$	34,555	  	 	 	44	% 	 	$	34,159	  	 	 	45	% 	
Private fixed maturity securities	 	 	10,822	  	 	 	15	  	 	 	10,908	  	 	 	15	  	 	 	10,777	  	 	 	14	  	 	 	10,879	  	 	 	14	  	 	 	10,939	  	 	 	14	  	
Residential mortgage-backed securities (1)	 	 	4,998	  	 	 	7	  	 	 	5,008	  	 	 	7	  	 	 	4,954	  	 	 	7	  	 	 	5,011	  	 	 	6	  	 	 	5,082	  	 	 	7	  	
Commercial mortgage-backed securities	 	 	2,475	  	 	 	3	  	 	 	2,492	  	 	 	3	  	 	 	2,475	  	 	 	3	  	 	 	2,548	  	 	 	3	  	 	 	2,491	  	 	 	3	  	
Other asset-backed securities	 	 	3,253	  	 	 	4	  	 	 	3,904	  	 	 	5	  	 	 	3,837	  	 	 	5	  	 	 	3,766	  	 	 	5	  	 	 	3,669	  	 	 	5	  	
State and political subdivisions	 	 	2,428	  	 	 	3	  	 	 	2,447	  	 	 	3	  	 	 	2,388	  	 	 	3	  	 	 	2,350	  	 	 	3	  	 	 	2,222	  	 	 	3	  	
Non-investment grade fixed maturity securities	 	 	2,252	  	 	 	3	  	 	 	2,346	  	 	 	3	  	 	 	2,530	  	 	 	3	  	 	 	2,623	  	 	 	4	  	 	 	2,515	  	 	 	3	  	
Equity securities:	 				 			 	 				 				 				 				 				 				 				 				
Common stocks and mutual funds	 	 	37	  	 	 	—  	  	 	 	37	  	 	 	—  	  	 	 	62	  	 	 	—  	  	 	 	134	  	 	 	—  	  	 	 	187	  	 	 	—  	  	
Preferred stocks	 	 	273	  	 	 	—  	  	 	 	236	  	 	 	—  	  	 	 	237	  	 	 	1	  	 	 	165	  	 	 	—  	  	 	 	88	  	 	 	—  	  	
Commercial mortgage loans	 	 	6,170	  	 	 	8	  	 	 	6,133	  	 	 	8	  	 	 	6,175	  	 	 	8	  	 	 	6,149	  	 	 	8	  	 	 	6,100	  	 	 	8	  	
Restricted commercial mortgage loans related to securitization entities	 	 	161	  	 	 	—  	  	 	 	175	  	 	 	—  	  	 	 	181	  	 	 	—  	  	 	 	188	  	 	 	—  	  	 	 	201	  	 	 	—  	  	
Policy loans	 	 	1,568	  	 	 	2	  	 	 	1,567	  	 	 	2	  	 	 	1,584	  	 	 	2	  	 	 	1,506	  	 	 	2	  	 	 	1,501	  	 	 	2	  	
Cash, cash equivalents and short-term investments	 	 	6,162	  	 	 	8	  	 	 	4,003	  	 	 	6	  	 	 	4,413	  	 	 	6	  	 	 	5,315	  	 	 	7	  	 	 	4,883	  	 	 	7	  	
Securities lending	 	 	347	  	 	 	—  	  	 	 	367	  	 	 	—  	  	 	 	337	  	 	 	—  	  	 	 	323	  	 	 	1	  	 	 	289	  	 	 	1	  	
Other invested assets:	 	Limited partnerships	 	 	188	  	 	 	—  	  	 	 	195	  	 	 	—  	  	 	 	216	  	 	 	—  	  	 	 	215	  	 	 	—  	  	 	 	252	  	 	 	—  	  	
	 	Derivatives:	 				 			 	 				 				 				 				 				 				 				 				
	 	Long-term care (LTC) forward starting swap—cash flow	 	 	629	  	 	 	1	  	 	 	768	  	 	 	1	  	 	 	423	  	 	 	1	  	 	 	948	  	 	 	1	  	 	 	639	  	 	 	1	  	
	 	Other cash flow	 	 	8	  	 	 	—  	  	 	 	8	  	 	 	—  	  	 	 	8	  	 	 	—  	  	 	 	9	  	 	 	—  	  	 	 	6	  	 	 	—  	  	
	 	Equity index options—non-qualified	 	 	30	  	 	 	—  	  	 	 	15	  	 	 	—  	  	 	 	12	  	 	 	—  	  	 	 	15	  	 	 	—  	  	 	 	17	  	 	 	—  	  	
	 	Other non-qualified	 	 	445	  	 	 	1	  	 	 	534	  	 	 	1	  	 	 	416	  	 	 	—  	  	 	 	512	  	 	 	1	  	 	 	470	  	 	 	—  	  	
	 	Trading portfolio	 	 	447	  	 	 	1	  	 	 	458	  	 	 	1	  	 	 	368	  	 	 	1	  	 	 	218	  	 	 	—  	  	 	 	241	  	 	 	—  	  	
	 	Restricted other invested assets related to securitization entities	 	 	413	  	 	 	1	  	 	 	412	  	 	 	1	  	 	 	410	  	 	 	1	  	 	 	411	  	 	 	1	  	 	 	411	  	 	 	1	  	
	 	Other	 	 	18	  	 	 	—  	  	 	 	51	  	 	 	—  	  	 	 	52	  	 	 	—  	  	 	 	49	  	 	 	—  	  	 	 	56	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total invested assets and cash	 	$	75,093	  	 	 	100	% 	 	$	75,605	  	 	 	100	% 	 	$	75,262	  	 	 	100	% 	 	$	77,889	  	 	 	100	% 	 	$	76,418	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Public Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	14,785	  	 	 	34	% 	 	$	15,057	  	 	 	33	% 	 	$	14,920	  	 	 	33	% 	 	$	15,520	  	 	 	33	% 	 	$	15,599	  	 	 	34	% 	
AA	 		 	 	4,121	  	 	 	10	  	 	 	4,603	  	 	 	10	  	 	 	4,763	  	 	 	11	  	 	 	4,849	  	 	 	11	  	 	 	4,730	  	 	 	10	  	
A	 		 	 	12,155	  	 	 	28	  	 	 	13,485	  	 	 	30	  	 	 	13,376	  	 	 	30	  	 	 	13,781	  	 	 	30	  	 	 	13,572	  	 	 	30	  	
BBB	 		 	 	10,720	  	 	 	25	  	 	 	10,667	  	 	 	24	  	 	 	10,576	  	 	 	23	  	 	 	10,715	  	 	 	23	  	 	 	10,490	  	 	 	23	  	
BB	 		 	 	1,200	  	 	 	3	  	 	 	1,234	  	 	 	3	  	 	 	1,276	  	 	 	3	  	 	 	1,385	  	 	 	3	  	 	 	1,361	  	 	 	3	  	
B	 		 	 	63	  	 	 	—  	  	 	 	50	  	 	 	—  	  	 	 	68	  	 	 	—  	  	 	 	76	  	 	 	—  	  	 	 	76	  	 	 	—  	  	
CCC and lower	 		 	 	92	  	 	 	—  	  	 	 	95	  	 	 	—  	  	 	 	99	  	 	 	—  	  	 	 	108	  	 	 	—  	  	 	 	112	  	 	 	—  	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total public fixed maturity securities	 	$	43,136	  	 	 	100	% 	 	$	45,191	  	 	 	100	% 	 	$	45,078	  	 	 	100	% 	 	$	46,434	  	 	 	100	% 	 	$	45,940	  	 	 	100	% 	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Private Fixed Maturity Securities—Credit Quality:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NRSRO (2) Designation	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
AAA	 		 	$	1,531	  	 	 	10	% 	 	$	1,725	  	 	 	11	% 	 	$	1,641	  	 	 	11	% 	 	$	1,509	  	 	 	10	% 	 	$	1,564	  	 	 	10	% 	
AA	 		 	 	1,899	  	 	 	13	  	 	 	1,966	  	 	 	13	  	 	 	1,941	  	 	 	13	  	 	 	1,945	  	 	 	13	  	 	 	1,995	  	 	 	13	  	
A	 		 	 	4,731	  	 	 	31	  	 	 	4,737	  	 	 	31	  	 	 	4,781	  	 	 	31	  	 	 	4,792	  	 	 	31	  	 	 	4,538	  	 	 	30	  	
BBB	 		 	 	6,003	  	 	 	40	  	 	 	6,060	  	 	 	39	  	 	 	5,840	  	 	 	38	  	 	 	5,998	  	 	 	39	  	 	 	6,074	  	 	 	40	  	
BB	 		 	 	777	  	 	 	5	  	 	 	839	  	 	 	5	  	 	 	973	  	 	 	6	  	 	 	910	  	 	 	6	  	 	 	792	  	 	 	5	  	
B	 		 	 	104	  	 	 	1	  	 	 	114	  	 	 	1	  	 	 	101	  	 	 	1	  	 	 	126	  	 	 	1	  	 	 	95	  	 	 	1	  	
CCC and lower	 		 	 	16	  	 	 	—  	  	 	 	14	  	 	 	—  	  	 	 	13	  	 	 	—  	  	 	 	18	  	 	 	—  	  	 	 	79	  	 	 	1	  	
	 		 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total private fixed maturity securities	 	$	15,061	  	 	 	100	% 	 	$	15,455	  	 	 	100	% 	 	$	15,290	  	 	 	100	% 	 	$	15,298	  	 	 	100	% 	 	$	15,137	  	 	 	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.	
 
43

Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
 Fixed Maturity Securities Summary
(amounts in millions)

 	  	December 31, 2015	 	  	September 30, 2015	 	 	June 30, 2015	 	 	March 31, 2015	 	 	December 31, 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	  	$	6,203	  	  	 	11	% 	  	$	5,913	  	  	 	10	% 	 	$	5,721	  	  	 	9	% 	 	$	6,132	  	  	 	10	% 	 	$	6,000	  	  	 	10	% 	
State and political subdivisions	  	 	2,438	  	  	 	4	  	  	 	2,448	  	  	 	4	  	 	 	2,389	  	  	 	4	  	 	 	2,351	  	  	 	4	  	 	 	2,222	  	  	 	4	  	
Foreign government	  	 	2,015	  	  	 	3	  	  	 	1,935	  	  	 	3	  	 	 	1,955	  	  	 	3	  	 	 	1,837	  	  	 	3	  	 	 	1,902	  	  	 	3	  	
U.S. corporate	  	 	24,401	  	  	 	42	  	  	 	25,679	  	  	 	43	  	 	 	25,135	  	  	 	42	  	 	 	25,806	  	  	 	42	  	 	 	25,223	  	  	 	41	  	
Foreign corporate	  	 	12,199	  	  	 	21	  	  	 	13,027	  	  	 	22	  	 	 	13,628	  	  	 	23	  	 	 	13,961	  	  	 	23	  	 	 	14,095	  	  	 	23	  	
Residential mortgage-backed securities	  	 	5,101	  	  	 	9	  	  	 	5,118	  	  	 	8	  	 	 	5,085	  	  	 	9	  	 	 	5,153	  	  	 	8	  	 	 	5,228	  	  	 	9	  	
Commercial mortgage-backed securities	  	 	2,559	  	  	 	4	  	  	 	2,587	  	  	 	4	  	 	 	2,582	  	  	 	4	  	 	 	2,690	  	  	 	4	  	 	 	2,702	  	  	 	4	  	
Other asset-backed securities	  	 	3,281	  	  	 	6	  	  	 	3,939	  	  	 	6	  	 	 	3,873	  	  	 	6	  	 	 	3,802	  	  	 	6	  	 	 	3,705	  	  	 	6	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	58,197	  	  	 	100	% 	  	$	60,646	  	  	 	100	% 	 	$	60,368	  	  	 	100	% 	 	$	61,732	  	  	 	100	% 	 	$	61,077	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Corporate Bond Holdings—Industry Sector:	  				  			 	  				  				 				  				 				  				 				  				
Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	$	7,746	  	  	 	22	% 	  	$	8,290	  	  	 	23	% 	 	$	8,047	  	  	 	22	% 	 	$	8,219	  	  	 	22	% 	 	$	8,123	  	  	 	22	% 	
Utilities	  	 	4,453	  	  	 	13	  	  	 	4,618	  	  	 	12	  	 	 	4,568	  	  	 	12	  	 	 	4,788	  	  	 	13	  	 	 	4,683	  	  	 	13	  	
Energy	  	 	3,839	  	  	 	11	  	  	 	4,249	  	  	 	11	  	 	 	4,403	  	  	 	12	  	 	 	4,555	  	  	 	12	  	 	 	4,517	  	  	 	12	  	
Consumer—non-cyclical	  	 	4,619	  	  	 	13	  	  	 	4,647	  	  	 	13	  	 	 	4,504	  	  	 	12	  	 	 	4,614	  	  	 	12	  	 	 	4,580	  	  	 	12	  	
Consumer—cyclical	  	 	2,119	  	  	 	6	  	  	 	2,288	  	  	 	6	  	 	 	2,319	  	  	 	6	  	 	 	2,361	  	  	 	6	  	 	 	2,343	  	  	 	6	  	
Capital goods	  	 	2,361	  	  	 	7	  	  	 	2,461	  	  	 	7	  	 	 	2,434	  	  	 	7	  	 	 	2,417	  	  	 	7	  	 	 	2,410	  	  	 	7	  	
Industrial	  	 	1,915	  	  	 	6	  	  	 	2,130	  	  	 	6	  	 	 	2,224	  	  	 	6	  	 	 	2,309	  	  	 	6	  	 	 	2,240	  	  	 	6	  	
Technology and communications	  	 	2,872	  	  	 	8	  	  	 	3,095	  	  	 	8	  	 	 	3,107	  	  	 	9	  	 	 	3,091	  	  	 	8	  	 	 	3,024	  	  	 	8	  	
Transportation	  	 	1,689	  	  	 	5	  	  	 	1,695	  	  	 	5	  	 	 	1,629	  	  	 	5	  	 	 	1,687	  	  	 	4	  	 	 	1,610	  	  	 	4	  	
Other	  	 	3,049	  	  	 	9	  	  	 	3,213	  	  	 	9	  	 	 	3,356	  	  	 	9	  	 	 	3,508	  	  	 	10	  	 	 	3,732	  	  	 	10	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	34,662	  	  	 	100	% 	  	 	36,686	  	  	 	100	% 	 	 	36,591	  	  	 	100	% 	 	 	37,549	  	  	 	100	% 	 	 	37,262	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Non-Investment Grade:	  				  			 	  				  				 				  				 				  				 				  				
Finance and insurance	  	 	359	  	  	 	19	% 	  	 	381	  	  	 	19	% 	 	 	443	  	  	 	20	% 	 	 	471	  	  	 	21	% 	 	 	480	  	  	 	23	% 	
Utilities	  	 	83	  	  	 	4	  	  	 	67	  	  	 	3	  	 	 	68	  	  	 	3	  	 	 	67	  	  	 	3	  	 	 	84	  	  	 	5	  	
Energy	  	 	348	  	  	 	18	  	  	 	400	  	  	 	20	  	 	 	409	  	  	 	19	  	 	 	363	  	  	 	16	  	 	 	261	  	  	 	13	  	
Consumer—non-cyclical	  	 	229	  	  	 	12	  	  	 	230	  	  	 	11	  	 	 	257	  	  	 	12	  	 	 	262	  	  	 	12	  	 	 	229	  	  	 	11	  	
Consumer—cyclical	  	 	82	  	  	 	4	  	  	 	98	  	  	 	5	  	 	 	99	  	  	 	5	  	 	 	117	  	  	 	5	  	 	 	91	  	  	 	4	  	
Capital goods	  	 	193	  	  	 	10	  	  	 	204	  	  	 	10	  	 	 	234	  	  	 	11	  	 	 	236	  	  	 	11	  	 	 	214	  	  	 	10	  	
Industrial	  	 	244	  	  	 	13	  	  	 	254	  	  	 	13	  	 	 	240	  	  	 	11	  	 	 	238	  	  	 	11	  	 	 	260	  	  	 	13	  	
Technology and communications	  	 	309	  	  	 	16	  	  	 	293	  	  	 	14	  	 	 	336	  	  	 	15	  	 	 	365	  	  	 	16	  	 	 	354	  	  	 	17	  	
Transportation	  	 	2	  	  	 	—  	  	  	 	2	  	  	 	—  	  	 	 	3	  	  	 	—  	  	 	 	19	  	  	 	1	  	 	 	19	  	  	 	1	  	
Other	  	 	89	  	  	 	4	  	  	 	91	  	  	 	5	  	 	 	83	  	  	 	4	  	 	 	80	  	  	 	4	  	 	 	64	  	  	 	3	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	1,938	  	  	 	100	% 	  	 	2,020	  	  	 	100	% 	 	 	2,172	  	  	 	100	% 	 	 	2,218	  	  	 	100	% 	 	 	2,056	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	36,600	  	  	 	100	% 	  	$	38,706	  	  	 	100	% 	 	$	38,763	  	  	 	100	% 	 	$	39,767	  	  	 	100	% 	 	$	39,318	  	  	 	100	% 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Fixed Maturity Securities—Contractual Maturity Dates:	  				  			 	  				  				 				  				 				  				 				  				
	 	 									
Due in one year or less	  	$	1,744	  	  	 	3	% 	  	$	2,075	  	  	 	4	% 	 	$	2,003	  	  	 	3	% 	 	$	1,830	  	  	 	3	% 	 	$	2,020	  	  	 	3	% 	
Due after one year through five years	  	 	10,192	  	  	 	18	  	  	 	10,817	  	  	 	18	  	 	 	10,935	  	  	 	19	  	 	 	10,838	  	  	 	18	  	 	 	10,623	  	  	 	18	  	
Due after five years through ten years	  	 	11,917	  	  	 	20	  	  	 	12,155	  	  	 	20	  	 	 	12,212	  	  	 	20	  	 	 	12,193	  	  	 	20	  	 	 	12,328	  	  	 	20	  	
Due after ten years	  	 	23,403	  	  	 	40	  	  	 	23,955	  	  	 	40	  	 	 	23,678	  	  	 	39	  	 	 	25,226	  	  	 	41	  	 	 	24,471	  	  	 	40	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	47,256	  	  	 	81	  	  	 	49,002	  	  	 	82	  	 	 	48,828	  	  	 	81	  	 	 	50,087	  	  	 	82	  	 	 	49,442	  	  	 	81	  	
Mortgage and asset-backed securities	  	 	10,941	  	  	 	19	  	  	 	11,644	  	  	 	18	  	 	 	11,540	  	  	 	19	  	 	 	11,645	  	  	 	18	  	 	 	11,635	  	  	 	19	  	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	
Total fixed maturity securities	  	$	58,197	  	  	 	100	% 	  	$	60,646	  	  	 	100	% 	 	$	60,368	  	  	 	100	% 	 	$	61,732	  	  	 	100	% 	 	$	61,077	  	  	 	100	% 	

 
44

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

 	  	2015	 	 	2014	 	
 	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
GAAP Net Investment Income	  			 	  				 				 				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	$	634	  	  	$	647	  	 	$	645	  	 	$	632	  	 	$	2,558	  	 	$	658	  	 	$	643	  	 	$	658	  	 	$	639	  	 	$	2,598	  	
Fixed maturity securities—non-taxable	  	 	3	  	  	 	3	  	 	 	3	  	 	 	3	  	 	 	12	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	12	  	
Commercial mortgage loans	  	 	85	  	  	 	84	  	 	 	83	  	 	 	85	  	 	 	337	  	 	 	87	  	 	 	82	  	 	 	81	  	 	 	83	  	 	 	333	  	
Restricted commercial mortgage loans related to securitization entities	  	 	4	  	  	 	3	  	 	 	3	  	 	 	4	  	 	 	14	  	 	 	3	  	 	 	3	  	 	 	4	  	 	 	4	  	 	 	14	  	
Equity securities	  	 	4	  	  	 	3	  	 	 	4	  	 	 	4	  	 	 	15	  	 	 	3	  	 	 	3	  	 	 	4	  	 	 	4	  	 	 	14	  	
Other invested assets	  	 	30	  	  	 	22	  	 	 	17	  	 	 	33	  	 	 	102	  	 	 	22	  	 	 	17	  	 	 	12	  	 	 	18	  	 	 	69	  	
Limited partnerships	  	 	2	  	  	 	4	  	 	 	20	  	 	 	7	  	 	 	33	  	 	 	2	  	 	 	10	  	 	 	13	  	 	 	11	  	 	 	36	  	
Restricted other invested assets related to securitization entities	  	 	2	  	  	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	 	 	2	  	 	 	1	  	 	 	1	  	 	 	1	  	 	 	5	  	
Policy loans	  	 	36	  	  	 	33	  	 	 	35	  	 	 	33	  	 	 	137	  	 	 	34	  	 	 	32	  	 	 	32	  	 	 	31	  	 	 	129	  	
Cash, cash equivalents and short-term investments	  	 	3	  	  	 	3	  	 	 	4	  	 	 	3	  	 	 	13	  	 	 	5	  	 	 	7	  	 	 	7	  	 	 	5	  	 	 	24	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	803	  	  	 	803	  	 	 	815	  	 	 	805	  	 	 	3,226	  	 	 	819	  	 	 	801	  	 	 	815	  	 	 	799	  	 	 	3,234	  	
Expenses and fees	  	 	(22	) 	  	 	(20	) 	 	 	(22	) 	 	 	(24	) 	 	 	(88	) 	 	 	(22	) 	 	 	(23	) 	 	 	(24	) 	 	 	(23	) 	 	 	(92	) 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	$	781	  	  	$	783	  	 	$	793	  	 	$	781	  	 	$	3,138	  	 	$	797	  	 	$	778	  	 	$	791	  	 	$	776	  	 	$	3,142	  	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Annualized Yields	  			 	  				 				 				 				 				 				 				 				 				
Fixed maturity securities—taxable	  	 	4.6	% 	  	 	4.6	% 	 	 	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	% 	 	 	3.5	% 	 	 	3.5	% 	 	 	3.4	% 	 	 	3.5	% 	 	 	3.7	% 	 	 	3.5	% 	
Commercial mortgage loans	  	 	5.5	% 	  	 	5.5	% 	 	 	5.4	% 	 	 	5.6	% 	 	 	5.5	% 	 	 	5.7	% 	 	 	5.4	% 	 	 	5.5	% 	 	 	5.6	% 	 	 	5.6	% 	
Restricted commercial mortgage loans related to securitization entities	  	 	9.5	% 	  	 	6.4	% 	 	 	7.2	% 	 	 	8.2	% 	 	 	8.0	% 	 	 	5.8	% 	 	 	6.6	% 	 	 	6.7	% 	 	 	7.0	% 	 	 	6.6	% 	
Equity securities	  	 	5.1	% 	  	 	4.0	% 	 	 	5.6	% 	 	 	6.1	% 	 	 	5.2	% 	 	 	4.6	% 	 	 	4.4	% 	 	 	5.5	% 	 	 	5.2	% 	 	 	5.0	% 	
Other invested assets	  	 	27.4	% 	  	 	22.2	% 	 	 	24.2	% 	 	 	60.6	% 	 	 	30.7	% 	 	 	37.1	% 	 	 	27.7	% 	 	 	18.7	% 	 	 	26.3	% 	 	 	27.3	% 	
Limited partnerships (1)	  	 	4.2	% 	  	 	7.8	% 	 	 	37.0	% 	 	 	12.0	% 	 	 	15.5	% 	 	 	3.1	% 	 	 	15.3	% 	 	 	19.6	% 	 	 	16.1	% 	 	 	13.6	% 	
Restricted other invested assets related to securitization entities	  	 	2.0	% 	  	 	1.0	% 	 	 	1.0	% 	 	 	1.0	% 	 	 	1.3	% 	 	 	2.1	% 	 	 	1.0	% 	 	 	1.0	% 	 	 	1.0	% 	 	 	1.3	% 	
Policy loans	  	 	9.2	% 	  	 	8.4	% 	 	 	9.1	% 	 	 	8.8	% 	 	 	8.9	% 	 	 	9.0	% 	 	 	8.5	% 	 	 	8.7	% 	 	 	8.6	% 	 	 	8.7	% 	
Cash, cash equivalents and short-term investments	  	 	0.2	% 	  	 	0.3	% 	 	 	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	% 	 	 	4.6	% 	 	 	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	% 	 	 	-0.1	% 	 	 	-0.1	% 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	 	4.5	% 	  	 	4.5	% 	 	 	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 49 herein for average invested assets and cash used in the yield calculation.

(1)  	Limited partnership investments are equity-based and do not have fixed returns by period.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
 Net Investment Gains (Losses), Net—Detail (1) 
(amounts in millions)

 	 	2015	 	 	2014	 	
 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
Net realized gains (losses) on available-for-sale securities:	 			 	 				 				 				 				 				 				 				 				 				
Fixed maturity securities:	 			 	 				 				 				 				 				 				 				 				 				
U.S. corporate	 	$	7	  	 	$	(2	) 	 	$	—  	  	 	$	—  	  	 	$	5	  	 	$	1	  	 	$	5	  	 	$	(6	) 	 	$	(9	) 	 	$	(9	) 	
U.S. government, agencies and government-sponsored enterprises	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	2	  	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	3	  	
Foreign corporate	 	 	(4	) 	 	 	(1	) 	 	 	(1	) 	 	 	(4	) 	 	 	(10	) 	 	 	1	  	 	 	2	  	 	 	13	  	 	 	(3	) 	 	 	13	  	
Foreign government	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	1	  	
Tax-exempt	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	
Mortgage-backed securities	 	 	—  	  	 	 	(2	) 	 	 	1	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Asset-backed securities	 	 	(1	) 	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(2	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Equity securities	 	 	—  	  	 	 	2	  	 	 	8	  	 	 	5	  	 	 	15	  	 	 	1	  	 	 	2	  	 	 	6	  	 	 	1	  	 	 	10	  	
Foreign exchange	 	 	1	  	 	 	1	  	 	 	—  	  	 	 	1	  	 	 	3	  	 	 	—  	  	 	 	—  	  	 	 	1	  	 	 	—  	  	 	 	1	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities	 	 	4	  	 	 	(3	) 	 	 	9	  	 	 	3	  	 	 	13	  	 	 	5	  	 	 	8	  	 	 	16	  	 	 	(12	) 	 	 	17	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:	 			 	 				 				 				 				 				 				 				 				 				
Alt-A residential mortgage-backed securities	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Financial hybrid securities	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(3	) 	 	 	—  	  	 	 	—  	  	 	 	(3	) 	
Corporate fixed maturity securities	 	 	(9	) 	 	 	(4	) 	 	 	—  	  	 	 	—  	  	 	 	(13	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
Commercial mortgage loans	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(2	) 	 	 	(3	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	(1	) 	 	 	(2	) 	
Other asset-backed securities	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments	 	 	(9	) 	 	 	(6	) 	 	 	—  	  	 	 	(2	) 	 	 	(17	) 	 	 	—  	  	 	 	(4	) 	 	 	(1	) 	 	 	(1	) 	 	 	(6	) 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized gains (losses) on trading securities	 	 	(6	) 	 	 	8	  	 	 	(11	) 	 	 	4	  	 	 	(5	) 	 	 	10	  	 	 	3	  	 	 	5	  	 	 	8	  	 	 	26	  	
Derivative instruments	 	 	2	  	 	 	(34	) 	 	 	4	  	 	 	(21	) 	 	 	(49	) 	 	 	(24	) 	 	 	(25	) 	 	 	(4	) 	 	 	(14	) 	 	 	(67	) 	
Limited partnerships	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	(1	) 	
Commercial mortgage loans held-for-sale market valuation allowance	 	 	1	  	 	 	—  	  	 	 	2	  	 	 	1	  	 	 	4	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	2	  	 	 	8	  	
Contingent purchase price valuation change	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	—  	  	 	 	2	  	 	 	—  	  	 	 	(1	) 	 	 	—  	  	 	 	—  	  	 	 	(1	) 	
Net gains (losses) related to securitization entities	 	 	(2	) 	 	 	—  	  	 	 	1	  	 	 	5	  	 	 	4	  	 	 	1	  	 	 	(1	) 	 	 	6	  	 	 	4	  	 	 	10	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes	 	 	(10	) 	 	 	(33	) 	 	 	5	  	 	 	(10	) 	 	 	(48	) 	 	 	(6	) 	 	 	(18	) 	 	 	23	  	 	 	(13	) 	 	 	(14	) 	
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes	 	 	8	  	 	 	6	  	 	 	5	  	 	 	4	  	 	 	23	  	 	 	1	  	 	 	6	  	 	 	1	  	 	 	1	  	 	 	9	  	
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes	 	 	2	  	 	 	5	  	 	 	(6	) 	 	 	5	  	 	 	6	  	 	 	1	  	 	 	2	  	 	 	(4	) 	 	 	1	  	 	 	—  	  	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net	 	$	—  	  	 	$	(22	) 	 	$	4	  	 	$	(1	) 	 	$	(19	) 	 	$	(4	) 	 	$	(10	) 	 	$	20	  	 	$	(11	) 	 	$	(5	) 	

 

(1)  	All adjustments for income taxes assume a 35% tax rate.	
 
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 Reconciliations of Non-GAAP Measures

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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 Reconciliation of Operating ROE
(amounts in millions)

Twelve Month Rolling Average ROE	  	Twelve months ended	 	
 	  	December 31,
2015	 	 	September 30,
2015	 	 	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended (1)	  	$	(615	) 	 	$	(1,083	) 	 	$	(1,643	) 	 	$	(1,274	) 	 	$	(1,244	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	10,281	  	 	$	10,564	  	 	$	10,958	  	 	$	11,288	  	 	$	11,532	  	
GAAP Basis ROE (1)/(2)	  	 	-6.0	% 	 	 	-10.3	% 	 	 	-15.0	% 	 	 	-11.3	% 	 	 	-10.8	% 	
						
Operating ROE	  				 				 				 				 				
Net operating income (loss) for the twelve months ended (1)	  	$	255	  	 	$	(78	) 	 	$	(465	) 	 	$	(430	) 	 	$	(398	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	10,281	  	 	$	10,564	  	 	$	10,958	  	 	$	11,288	  	 	$	11,532	  	
Operating ROE (1)/(2)	  	 	2.5	% 	 	 	-0.7	% 	 	 	-4.2	% 	 	 	-3.8	% 	 	 	-3.5	% 	
		
Quarterly Average ROE	  	Three months ended	 	
 	  	December 31,
2015	 	 	September 30,
2015	 	 	June 30,
2015	 	 	March 31,
2015	 	 	December 31,
2014	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended (3)	  	$	(292	) 	 	$	(284	) 	 	$	(193	) 	 	$	154	  	 	$	(760	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	9,958	  	 	$	10,241	  	 	$	10,507	  	 	$	10,555	  	 	$	10,854	  	
Annualized GAAP Quarterly Basis ROE (3)/(4)	  	 	-11.7	% 	 	 	-11.1	% 	 	 	-7.3	% 	 	 	5.8	% 	 	 	-28.0	% 	
						
Operating ROE	  				 				 				 				 				
Net operating income (loss) for the period ended (3)	  	$	(82	) 	 	$	64	  	 	$	119	  	 	$	154	  	 	$	(415	) 	
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	9,958	  	 	$	10,241	  	 	$	10,507	  	 	$	10,555	  	 	$	10,854	  	
Annualized Operating Quarterly Basis ROE (3)/(4)	  	 	-3.3	% 	 	 	2.5	% 	 	 	4.5	% 	 	 	5.8	% 	 	 	-15.3	% 	
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).	
 
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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 
 Reconciliation of Core Yield

 	 	 	  	2015	 	 	2014	 	
 	 	(Assets—amounts in billions)	  	4Q	 	  	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	 	4Q	 	 	3Q	 	 	2Q	 	 	1Q	 	 	Total	 	
	 	Reported—Total Invested Assets and Cash	  	$	75.1	  	  	$	75.6	  	 	$	75.3	  	 	$	77.9	  	 	$	75.1	  	 	$	76.4	  	 	$	74.8	  	 	$	74.9	  	 	$	72.8	  	 	$	76.4	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Securities lending	  	 	0.3	  	  	 	0.4	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	 	 	0.3	  	
	 	Unrealized gains (losses)	  	 	4.2	  	  	 	5.4	  	 	 	4.9	  	 	 	7.8	  	 	 	4.2	  	 	 	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	  	$	70.6	  	  	$	69.8	  	 	$	70.1	  	 	$	69.8	  	 	$	70.6	  	 	$	69.5	  	 	$	68.7	  	 	$	68.7	  	 	$	67.9	  	 	$	69.5	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)	 	Average Invested Assets and Cash Used in Reported Yield Calculation	  	$	70.2	  	  	$	70.0	  	 	$	70.0	  	 	$	69.7	  	 	$	70.0	  	 	$	69.1	  	 	$	68.7	  	 	$	68.3	  	 	$	67.9	  	 	$	68.5	  	
	 	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	  	 	 	0.2	  	 	 	0.2	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)	 	Average Invested Assets and Cash Used in Core Yield Calculation	  	 	70.0	  	  	 	69.8	  	 	 	69.8	  	 	 	69.5	  	 	 	69.8	  	 	 	68.9	  	 	 	68.5	  	 	 	68.1	  	 	 	67.7	  	 	 	68.3	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Portfolios supporting floating products and non-recourse funding obligations (2)	  	 	3.5	  	  	 	3.5	  	 	 	3.6	  	 	 	3.7	  	 	 	3.6	  	 	 	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	  	$	66.5	  	  	$	66.3	  	 	$	66.2	  	 	$	65.8	  	 	$	66.2	  	 	$	65.0	  	 	$	64.5	  	 	$	63.9	  	 	$	63.4	  	 	$	64.2	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	 	(Income—amounts in millions)	  			 	  				 				 				 				 				 				 				 				 				
		 										
(D)	 	Reported—Net Investment Income	  	$	781	  	  	$	783	  	 	$	793	  	 	$	781	  	 	$	3,138	  	 	$	797	  	 	$	778	  	 	$	791	  	 	$	776	  	 	$	3,142	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Bond calls and commercial mortgage loan prepayments	  	 	18	  	  	 	12	  	 	 	17	  	 	 	14	  	 	 	61	  	 	 	18	  	 	 	17	  	 	 	7	  	 	 	10	  	 	 	52	  	
	 	Other non-core items (3)	  	 	(2	) 	  	 	1	  	 	 	(4	) 	 	 	7	  	 	 	2	  	 	 	8	  	 	 	(22	) 	 	 	8	  	 	 	(7	) 	 	 	(13	) 	
	 	Restricted commercial mortgage loans and other invested assets related to securitization entities (1)	  	 	3	  	  	 	2	  	 	 	2	  	 	 	3	  	 	 	10	  	 	 	2	  	 	 	3	  	 	 	3	  	 	 	3	  	 	 	11	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(E)	 	Core Net Investment Income	  	 	762	  	  	 	768	  	 	 	778	  	 	 	757	  	 	 	3,065	  	 	 	769	  	 	 	780	  	 	 	773	  	 	 	770	  	 	 	3,092	  	
	 	Subtract:	  			 	  				 				 				 				 				 				 				 				 				
	 	Investment income from portfolios supporting floating products and non-recourse funding obligations (2)	  	 	16	  	  	 	21	  	 	 	26	  	 	 	20	  	 	 	83	  	 	 	21	  	 	 	22	  	 	 	23	  	 	 	21	  	 	 	87	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(F)	 	Core Net Investment Income (excl. Floating and Non-Recourse Funding)	  	$	746	  	  	$	747	  	 	$	752	  	 	$	737	  	 	$	2,982	  	 	$	748	  	 	$	758	  	 	$	750	  	 	$	749	  	 	$	3,005	  	
	 		  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(D) / (A)	 	Reported Yield	  	 	4.45	% 	  	 	4.47	% 	 	 	4.53	% 	 	 	4.48	% 	 	 	4.48	% 	 	 	4.61	% 	 	 	4.53	% 	 	 	4.63	% 	 	 	4.57	% 	 	 	4.59	% 	
(E) / (B)	 	Core Yield	  	 	4.35	% 	  	 	4.40	% 	 	 	4.46	% 	 	 	4.36	% 	 	 	4.39	% 	 	 	4.46	% 	 	 	4.55	% 	 	 	4.54	% 	 	 	4.55	% 	 	 	4.52	% 	
(F) / (C)	 	Core Yield (excl. Floating and Non-Recourse Funding)	  	 	4.49	% 	  	 	4.51	% 	 	 	4.54	% 	 	 	4.48	% 	 	 	4.51	% 	 	 	4.60	% 	 	 	4.70	% 	 	 	4.69	% 	 	 	4.73	% 	 	 	4.68	% 	
 
Notes:	Columns may not add due to rounding.	
    	Yields have been annualized.	
Non-GAAP Definition for Core Yield
The company references the non-GAAP financial measure entitled “core yield” as a measure of investment yield. The company defines core yield as the investment yield adjusted for items that do not reflect the underlying performance of the investment portfolio. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield is not a substitute for investment yield determined in accordance with GAAP.

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

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GENWORTH FINANCIAL, INC.
FINANCIAL SUPPLEMENT
FOURTH QUARTER 2015
 Financial Strength Ratings As Of February 3, 2016

Company	  	Standard & Poor’s Financial
Services LLC (S&P)	  	Moody’s Investors Service, Inc.
(Moody’s)	  	A.M. Best Company, Inc.
(A.M. Best)	
Genworth Mortgage Insurance Corporation	  	BB+	  	Ba1	  	Not rated	
Genworth Financial Mortgage Insurance Company Canada (1)	  	A+	  	Not rated	  	Not rated	
Genworth Financial Mortgage Insurance Pty Limited (Australia) (2)	  	A+	  	A3	  	Not rated	
Genworth Financial Mortgage Insurance Limited (Europe)	  	BB-	  	Not rated	  	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-	
The S&P, Moody’s, A.M. Best, Dominion Bond Rating Service (DBRS) and Fitch Rating Service (Fitch) ratings included are not designed to be, and do not serve as, measures of protection or valuation offered to investors. These financial strength ratings should not be relied on with respect to making an investment in the company’s securities.
S&P states that insurers rated “A” (Strong), “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+,” “BBB-,” “BB+” and “BB-” ratings are the fifth-, tenth-, eleventh- 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.
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.”
DBRS states that long-term obligations rated “AA” are of superior credit quality. The capacity for the payment of financial obligations is considered high and unlikely to be significantly vulnerable to future events. Credit quality differs from “AAA” only to a small degree.
The Australian mortgage insurance subsidiary also solicits a rating from Fitch. Fitch states that “A” (Strong) rated insurance companies are viewed as possessing strong capacity to meet policyholder and contract obligations. The “A” rating category is the third-highest of nine financial strength rating categories, which range from “AAA” to “C.” The symbol (+) or (-) may be appended to a rating to indicate the relative position of a credit within a rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “B” category. Accordingly, the “A+” rating is the fifth-highest of Fitch’s 21 ratings categories.
The company also solicits a rating from HR Ratings on a local scale for Genworth Seguros de Credito a la Vivienda S.A. de C.V., its Mexican mortgage insurance subsidiary, with a short-term rating of “HR1” and long-term rating of “HR AA.” For short-term ratings, HR Ratings states that “HR1” rated companies are viewed as exhibiting high capacity for timely payment of debt obligations in the short-term and maintain low credit risk. The “HR1” short-term rating category is the highest of six short-term rating categories, which range from “HR1” to “HR D.” For long-term ratings, HR Ratings states that “HR AA” rated companies are viewed as having high credit quality and offer high safety for timely payment of debt obligations and maintain low credit risk under adverse economic scenarios. The “HR AA” long-term rating is the second-highest of HR Rating’s eight long-term rating categories, which range from “HR AAA” to “HR D.”
S&P, Moody’s, A.M. Best, DBRS, Fitch and HR Ratings review their ratings periodically and the company cannot assure you that it will maintain the current ratings in the future. Other agencies may also rate the company or its insurance subsidiaries on a solicited or an unsolicited basis.

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