FINANCIAL SUPPLEMENT FOR THE QUARTER ENDED MARCH 31, 2013

Company

Financial Assurance Company Limited

Financial Insurance Company Limited

EXHIBIT 99.2

LOGO

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013


Table of Contents	Page
Investor Letter .		3
Use of Non-GAAP Measures and Selected Operating Performance Measures .		4
Financial Highlights		5

*First Quarter Results*
Consolidated Net Income by Quarter		7
Net Operating Income by Segment by Quarter		8
Consolidated Balance Sheets		9-10
Consolidated Balance Sheets by Segment		11-12
Deferred Acquisition Costs Rollforward		13

*Quarterly Results*
Net Operating Income and Sales—U.S. Life Insurance Division		15-22
Net Operating Income (Loss) and Sales—Global Mortgage Insurance Division		24-46
Net Operating Income (Loss) and Sales—Corporate and Other Division		48-58

*Additional Financial Data*
Investments Summary		60
Fixed Maturity Securities Summary		61
Commercial Mortgage Loans Summary		62-63
General Account GAAP Net Investment Income Yields		64
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail		65

*Reconciliations of Non-GAAP Measures*
Reconciliation of Operating Return On Equity (ROE)		67
Reconciliation of Expense Ratio		68
Reconciliation of Core Premiums		69
Reconciliation of Core Yield		70

*Corporate Information*
Industry Ratings		72-73

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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Dear Investor,

On March 27, 2013, the company announced that it had agreed to sell its wealth management business to AqGen Liberty Acquisition, Inc., a subsidiary of AqGen Liberty Holdings LLC, a partnership of Aquiline Capital Partners and Genstar Capital. As a result, this business has been accounted for as discontinued operations and its financial position and results of operations are separately reported for all periods presented. The wealth management business, previously a separate segment, is separately presented as discontinued operations and all prior periods reflected herein on this basis.

The company has a practice of refunding the post-delinquent premiums in the U.S. mortgage insurance business to the insured party if the delinquent loan goes to claim. The company's historical accounting practice was to account for these premium refunds as a reduction in premiums upon payment. In the first quarter of 2013, the company determined that it should have been recording a liability for premiums received on the delinquent loans where its practice was to refund post-delinquent premiums. This error was not material to the company's consolidated financial condition, results of operations or cash flows as presented in the company's previously filed annual and quarterly financial statements; however, the adjustment to correct the cumulative effect of this error would have been material if recorded in the first quarter of 2013. The company restated the financial information to correct this error for all periods presented herein. The cumulative decrease to retained earnings was $46 million as of January 1, 2012. Any ratios derived from premiums have also been restated. The following summarizes the adjustments to the income statement in the U.S. mortgage insurance business:


	2012
(amounts in millions)	4Q		3Q		2Q		1Q			Total
Premiums	$	2	$	2	$	—	$	(1	)	$	3
Provision for income taxes		—		1		—		—			1

Net income	$	2	$	1	$	—	$	(1	)	$	2

As previously announced, on April 1, 2013, the company completed a holding company reorganization in connection with a comprehensive capital plan for the U.S. mortgage insurance business. Pursuant to the reorganization, the public holding company historically known as “Genworth Financial, Inc.” (now renamed Genworth Holdings, Inc. (“Genworth Holdings”)) became a direct, wholly-owned subsidiary of a new public holding company that was formed and that now has been renamed Genworth Financial, Inc. (“New Genworth”). In connection with the reorganization, all the stockholders of Genworth Holdings immediately prior to the completion of the reorganization automatically became stockholders of New Genworth, owning the same number of shares of stock in New Genworth that they owned in Genworth Holdings immediately prior to the reorganization.

Accordingly, references to “Genworth” or the “company” in this Quarterly Financial Supplement have the following meanings:

•

For periods prior to April 1, 2013: Genworth Holdings

•

For periods from and after April 1, 2013: New Genworth

Once again, thank you for your continued interest in Genworth Financial.

Please feel free to call with any questions or comments.

Regards,

Georgette Nicholas

Investor Relations

804 662.2248

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

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 and infrequent or unusual non-operating items. 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 and gains (losses) on the sale of businesses are also excluded from net operating income (loss) because in the company’s opinion, they are not indicative of overall operating trends. Other non-operating items are also excluded from net operating income (loss), 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.

The table on page 8 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 67 through 70 of this financial supplement.

Selected Operating Performance Measures

This financial supplement contains selected operating performance measures including “sales” and “insurance in-force” or “risk in-force” which are commonly used in the insurance industry as measures of operating performance.

Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) annualized first-year premiums for term life and long-term care insurance; (2) annualized first-year deposits plus 5% of excess deposits for universal and term universal life insurance products; (3) 10% of premium deposits for linked-benefits products; (4) new and additional premiums/deposits for fixed annuities; (5) new insurance written for mortgage insurance; and (6) written premiums and deposits, gross of ceded reinsurance and cancellations, and premium equivalents, where the company earns a fee for administrative services only business, for the lifestyle protection insurance business. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers annualized first-year premiums, premium equivalents, new premiums/deposits, written premiums and new insurance written to be a measure of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company’s revenues or profitability during that period.

Management regularly monitors and reports insurance in-force and risk in-force. Insurance in-force for the life, international mortgage and U.S. mortgage insurance businesses is a measure of the aggregate face value of outstanding insurance policies as of the respective reporting date. For the risk in-force in the international mortgage insurance business, the company has computed an “effective” risk in-force amount, which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor of 35% that represents the highest expected average per-claim payment for any one underwriting year over the life of the company’s businesses in Canada and Australia. Risk in-force for the U.S. mortgage insurance business is the obligation that is limited under contractual terms to the amounts less than 100% of the mortgage loan value. The company considers insurance in-force and risk in-force to be a measure of the company’s operating performance because they represent a measure of the size of the business at a specific date which will generate revenues and profits in a future period, rather than a measure of the company’s revenues or profitability during that period.

This financial supplement also includes information related to loss mitigation activities for the U.S. mortgage insurance business. The company defines loss mitigation activities as rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled presales, claims administration and other loan workouts. Estimated savings related to rescissions are the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings related to loan modifications and other cure related loss mitigation actions represent the reduction in carried loss reserves. Estimated savings related to claims mitigation activities represent amounts deducted or “curtailed” from claims due to acts or omissions by the insured or the servicer with respect to the servicing of an insured loan that is not in compliance with obligations under our master policy. For non-cure related actions, including presales, the estimated savings represent the difference between the full claim obligation and the actual amount paid. The company believes that this information helps to enhance the understanding of the operating performance of the U.S. mortgage insurance business as loss mitigation activities specifically impact current and future loss reserves and level of claim payments.

These operating 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.

⁽¹⁾	U.S. Generally Accepted Accounting Principles

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013


Financial Highlights (amounts in millions, except per share data)
Balance Sheet Data	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	$	11,398	$	11,291	$	11,158	$	11,117	$	11,035
Total accumulated other comprehensive income		4,824		5,202		5,223		4,653		3,656

Total Genworth Financial, Inc.’s stockholders’ equity	$	16,222	$	16,493	$	16,381	$	15,770	$	14,691


Book value per common share	$	32.90	$	33.53	$	33.31	$	32.08	$	29.89
Book value per common share, excluding accumulated other comprehensive income	$	23.11	$	22.95	$	22.69	$	22.61	$	22.45
Common shares outstanding as of the balance sheet date		493.1		491.9		491.8		491.6		491.5

	Twelve months ended
Twelve Month Rolling Average ROE	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
GAAP Basis ROE		3.4%		2.9%		2.7%		2.2%		0.2%
Operating ROE⁽¹⁾		4.4%		3.2%		2.8%		2.2%		0.4%

	Three months ended
Quarterly Average ROE	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
GAAP Basis ROE		3.6%		6.0%		1.3%		2.7%		1.7%
Operating ROE⁽¹⁾		5.3%		5.7%		4.0%		2.4%		0.6%


Basic and Diluted Shares	Three months ended March 31, 2013
Weighted-average shares used in basic earnings per common share calculations		492.5
Potentially dilutive securities:
Stock options, restricted stock units and stock appreciation rights		4.3

Weighted-average shares used in diluted earnings per common share calculations		496.8

⁽¹⁾	See page 67 herein for a reconciliation of GAAP Basis ROE to Operating ROE.

First Quarter Results

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Consolidated Net Income by Quarter

(amounts in millions, except per share amounts)


	2013			2012
	1Q			4Q		3Q		2Q			1Q		Total
REVENUES:
Premiums	$	1,261		$	1,320	$	1,313	$	1,302		$	1,106	$	5,041
Net investment income		814			840		825		846			832		3,343
Net investment gains (losses)		(61	)		14		9		(33	)		37		27
Insurance and investment product fees and other		289			293		309		287			340		1,229

Total revenues		2,303			2,467		2,456		2,402			2,315		9,640

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,201			1,401		1,363		1,382			1,232		5,378
Interest credited		184			193		193		194			195		775
Acquisition and operating expenses, net of deferrals		433			272		443		439			440		1,594
Amortization of deferred acquisition costs and intangibles		122			144		160		147			271		722
Goodwill impairment		—			—		89		—			—		89
Interest expense		126			124		126		131			95		476

Total benefits and expenses		2,066			2,134		2,374		2,293			2,233		9,034

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		237			333		82		109			82		606
Provision for income taxes		76			73		23		27			15		138

INCOME FROM CONTINUING OPERATIONS		161			260		59		82			67		468
Income (loss) from discontinued operations, net of taxes⁽¹⁾		(20	)		6		12		27			12		57

NET INCOME		141			266		71		109			79		525
Less: net income attributable to noncontrolling interests		38			98		36		33			33		200

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	103		$	168	$	35	$	76		$	46	$	325


Earnings Per Share Data:

Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.25		$	0.33	$	0.05	$	0.10		$	0.07	$	0.55
Diluted	$	0.25		$	0.33	$	0.05	$	0.10		$	0.07	$	0.54

Net income available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.21		$	0.34	$	0.07	$	0.16		$	0.09	$	0.66
Diluted	$	0.21		$	0.34	$	0.07	$	0.16		$	0.09	$	0.66

Weighted-average shares outstanding
Basic		492.5			491.9		491.7		491.5			491.2		491.6
Diluted		496.8			493.9		493.9		493.9			495.7		494.4

⁽¹⁾	Income from discontinued operations related to the wealth management business. Refer to page 58 for operating results of discontinued operations.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income by Segment by Quarter

(amounts in millions, except per share amounts)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
U.S. Life Insurance Division
U.S. Life Insurance segment:
Life Insurance	$	36		$	49		$	22		$	30		$	6		$	107
Long-Term Care		20			7			45			14			35			101
Fixed Annuities		29			20			19			20			23			82

Total U.S. Life Insurance segment		85			76			86			64			64			290

Total U.S. Life Insurance Division		85			76			86			64			64			290

Global Mortgage Insurance Division
International Mortgage Insurance segment:
Canada		42			114			42			41			37			234
Australia		46			62			57			44			(21	)		142
Other Countries		(7	)		(11	)		(5	)		(9	)		(9	)		(34	)

Total International Mortgage Insurance segment		81			165			94			76			7			342
U.S. Mortgage Insurance segment		21			(32	)		(37	)		(25	)		(44	)		(138	)

Total Global Mortgage Insurance Division		102			133			57			51			(37	)		204

Corporate and Other Division
International Protection segment		6			8			8			3			5			24
Runoff segment		16			8			9			(6	)		35			46
Corporate and Other		(58	)		(65	)		(49	)		(45	)		(50	)		(209	)

Total Corporate and Other Division		(36	)		(49	)		(32	)		(48	)		(10	)		(139	)

NET OPERATING INCOME		151			160			111			67			17			355

ADJUSTMENTS TO NET OPERATING INCOME:
Net investment gains (losses), net of taxes and other adjustments		(28	)		2			(2	)		(18	)		17			(1	)
Goodwill impairment, net of taxes		—			—			(86	)		—			—			(86	)
Income (loss) from discontinued operations, net of taxes		(20	)		6			12			27			12			57

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		103			168			35			76			46			325
Add: net income attributable to noncontrolling interests		38			98			36			33			33			200

NET INCOME	$	141		$	266		$	71		$	109		$	79		$	525


Earnings Per Share Data:

Net income available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.21		$	0.34		$	0.07		$	0.16		$	0.09		$	0.66
Diluted	$	0.21		$	0.34		$	0.07		$	0.16		$	0.09		$	0.66

Net operating income per common share
Basic	$	0.31		$	0.32		$	0.23		$	0.14		$	0.03		$	0.72
Diluted	$	0.30		$	0.32		$	0.22		$	0.14		$	0.03		$	0.72

Weighted-average shares outstanding
Basic		492.5			491.9			491.7			491.5			491.2			491.6
Diluted		496.8			493.9			493.9			493.9			495.7			494.4

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Consolidated Balance Sheets

(amounts in millions)


	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
ASSETS
Investments:
Fixed maturity securities available-for-sale, at fair value	$	61,082	$	62,161	$	62,214	$	59,791	$	58,532
Equity securities available-for-sale, at fair value		490		518		524		431		432
Commercial mortgage loans		5,866		5,872		5,861		5,875		6,030
Restricted commercial mortgage loans related to securitization entities		324		341		359		382		392
Policy loans		1,606		1,601		1,626		1,619		1,555
Other invested assets		2,982		3,493		3,906		4,502		3,001
Restricted other invested assets related to securitization entities		399		393		393		391		384

Total investments		72,749		74,379		74,883		72,991		70,326
Cash and cash equivalents		3,797		3,632		3,720		3,854		4,152
Accrued investment income		769		715		746		652		759
Deferred acquisition costs		5,050		5,036		5,020		5,023		5,060
Intangible assets		346		366		375		407		460
Goodwill		868		868		868		958		961
Reinsurance recoverable		17,211		17,230		17,195		17,177		17,193
Other assets		706		710		975		1,005		917
Separate account assets		10,140		9,937		10,166		10,033		10,646
Assets associated with discontinued operations⁽¹⁾		439		439		439		436		509

Total assets	$	112,075	$	113,312	$	114,387	$	112,536	$	110,983

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


	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
ASSETS
Equity securities available-for-sale, at fair value	$	—	$	—	$	—	$	—	$	2
Other invested assets		10		10		10		10		—
Cash and cash equivalents		22		21		21		20		35
Intangible assets		116		115		113		112		113
Goodwill		247		260		260		260		295
Other assets		44		33		35		34		64

Assets associated with discontinued operations	$	439	$	439	$	439	$	436	$	509

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Consolidated Balance Sheets

(amounts in millions)


	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities:
Future policy benefits	$	33,601		$	33,505		$	33,221		$	32,825		$	32,380
Policyholder account balances		25,886			26,262			26,449			26,160			26,204
Liability for policy and contract claims		7,343			7,509			7,545			7,552			7,663
Unearned premiums		4,193			4,333			4,291			4,156			4,209
Other liabilities		5,028			5,239			6,094			5,813			5,318
Borrowings related to securitization entities		329			336			353			375			383
Non-recourse funding obligations		2,062			2,066			2,325			2,598			2,602
Long-term borrowings		4,766			4,776			4,880			4,865			5,095
Deferred tax liability		1,132			1,507			1,406			1,186			580
Separate account liabilities		10,140			9,937			10,166			10,033			10,646
Liabilities associated with discontinued operations⁽¹⁾		86			61			56			54			67

Total liabilities		94,566			95,531			96,786			95,617			95,147

Stockholders' equity:
Common stock		1			1			1			1			1
Additional paid-in capital		12,131			12,127			12,162			12,156			12,150

Accumulated other comprehensive income (loss):
Net unrealized investment gains (losses):
Net unrealized gains on securities not other-than-temporarily impaired		2,471			2,692			2,641			2,132			1,438
Net unrealized gains (losses) on other-than-temporarily impaired securities		(28	)		(54	)		(88	)		(116	)		(111	)

Net unrealized investment gains (losses)		2,443			2,638			2,553			2,016			1,327

Derivatives qualifying as hedges		1,799			1,909			2,011			2,087			1,680
Foreign currency translation and other adjustments		582			655			659			550			649

Total accumulated other comprehensive income		4,824			5,202			5,223			4,653			3,656
Retained earnings		1,966			1,863			1,695			1,660			1,584
Treasury stock, at cost		(2,700	)		(2,700	)		(2,700	)		(2,700	)		(2,700	)

Total Genworth Financial, Inc.'s stockholders' equity		16,222			16,493			16,381			15,770			14,691
Noncontrolling interests		1,287			1,288			1,220			1,149			1,145

Total stockholders’ equity		17,509			17,781			17,601			16,919			15,836

Total liabilities and stockholders' equity	$	112,075		$	113,312		$	114,387		$	112,536		$	110,983

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


	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
LIABILITIES
Other liabilities	$	70	$	48	$	49	$	49	$	62
Deferred tax liability		16		13		7		5		5

Liabilities associated with discontinued operations	$	86	$	61	$	56	$	54	$	67

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Consolidated Balance Sheet by Segment

(amounts in millions)


		March 31, 2013
	U.S. Life Insurance		International Mortgage Insurance		U.S. Mortgage Insurance			International Protection		Runoff			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	56,805	$	9,579	$	2,063		$	1,634	$	3,990		$	3,244		$	77,315
Deferred acquisition costs and intangible assets		5,370		220		20			256		363			35			6,264
Reinsurance recoverable		16,172		17		79			27		916			—			17,211
Deferred tax and other assets		371		118		39			132		26			20			706
Separate account assets		—		—		—			—		10,140			—			10,140
Assets associated with discontinued operations		—		—		—			—		—			439			439

Total assets	$	78,718	$	9,934	$	2,201		$	2,049	$	15,435		$	3,738		$	112,075

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	33,595	$	—	$	—		$	—	$	6		$	—		$	33,601
Policyholder account balances		21,336		—		—			15		4,535			—			25,886
Liability for policy and contract claims		4,906		494		1,820			102		21			—			7,343
Unearned premiums		594		2,961		117			511		10			—			4,193
Non-recourse funding obligations		2,092		—		—			—		—			(30	)		2,062
Deferred tax and other liabilities		5,142		332		(810	)		437		89			970			6,160
Borrowings and capital securities		—		564		—			—		8			4,523			5,095
Separate account liabilities		—		—		—			—		10,140			—			10,140
Liabilities associated with discontinued operations		—		—		—			—		—			86			86

Total liabilities		67,665		4,351		1,127			1,065		14,809			5,549			94,566

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		6,990		3,457		1,042			959		697			(1,747	)		11,398
Allocated accumulated other comprehensive income (loss)		4,063		839		32			25		(71	)		(64	)		4,824

Total Genworth Financial, Inc.’s stockholders’ equity		11,053		4,296		1,074			984		626			(1,811	)		16,222
Noncontrolling interests		—		1,287		—			—		—			—			1,287

Total stockholders’ equity		11,053		5,583		1,074			984		626			(1,811	)		17,509

Total liabilities and stockholders’ equity	$	78,718	$	9,934	$	2,201		$	2,049	$	15,435		$	3,738		$	112,075

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Consolidated Balance Sheet by Segment

(amounts in millions)


	December 31, 2012
	U.S. Life Insurance		International Mortgage Insurance		U.S. Mortgage Insurance			International Protection		Runoff			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	57,341	$	9,702	$	2,192		$	1,715	$	4,065		$	3,711		$	78,726
Deferred acquisition costs and intangible assets		5,368		230		19			267		348			38			6,270
Reinsurance recoverable		16,160		18		96			26		930			—			17,230
Deferred tax and other assets		345		113		50			137		28			37			710
Separate account assets		—		—		—			—		9,937			—			9,937
Assets associated with discontinued operations		—		—		—			—		—			439			439

Total assets	$	79,214	$	10,063	$	2,357		$	2,145	$	15,308		$	4,225		$	113,312

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	33,499	$	—	$	—		$	—	$	6		$	—		$	33,505
Policyholder account balances		21,454		—		—			16		4,792			—			26,262
Liability for policy and contract claims		4,857		516		2,009			106		21			—			7,509
Unearned premiums		617		3,051		116			539		10			—			4,333
Non-recourse funding obligations		2,096		—		—			—		—			(30	)		2,066
Deferred tax and other liabilities		5,386		373		(801	)		481		105			1,202			6,746
Borrowings and capital securities		—		573		—			—		8			4,531			5,112
Separate account liabilities		—		—		—			—		9,937			—			9,937
Liabilities associated with discontinued operations		—		—		—			—		—			61			61

Total liabilities		67,909		4,513		1,324			1,142		14,879			5,764			95,531

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		6,895		3,382		1,006			925		540			(1,457	)		11,291
Allocated accumulated other comprehensive income (loss)		4,410		880		27			78		(111	)		(82	)		5,202

Total Genworth Financial, Inc.’s stockholders’ equity		11,305		4,262		1,033			1,003		429			(1,539	)		16,493
Noncontrolling interests		—		1,288		—			—		—			—			1,288

Total stockholders’ equity		11,305		5,550		1,033			1,003		429			(1,539	)		17,781

Total liabilities and stockholders’ equity	$	79,214	$	10,063	$	2,357		$	2,145	$	15,308		$	4,225		$	113,312

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Deferred Acquisition Costs Rollforward

(amounts in millions)


	U.S. Life Insurance			International Mortgage Insurance			U.S. Mortgage Insurance			International Protection			Runoff⁽¹⁾			Corporate and Other		Total
Unamortized balance as of December 31, 2012	$	4,711		$	161		$	10		$	242		$	336		$	—	$	5,460
Costs deferred		66			12			2			24			1			—		105
Amortization, net of interest accretion		(70	)		(14	)		(1	)		(26	)		14			—		(97	)
Impact of foreign currency translation		—			(2	)		—			(8	)		—			—		(10	)

Unamortized balance as of March 31, 2013		4,707			157			11			232			351			—		5,458
Effect of accumulated net unrealized investment (gains) losses		(395	)		—			—			—			(13	)		—		(408	)

Balance as of March 31, 2013	$	4,312		$	157		$	11		$	232		$	338		$	—	$	5,050

⁽¹⁾	Amortization, net of interest accretion, includes $19 million of amortization related to net investment gains for the policyholder account balances.

U.S. Life Insurance Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income—U.S. Life Insurance Division

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	707		$	759		$	754		$	733		$	543		$	2,789
Net investment income		638			661			644			651			638			2,594
Net investment gains (losses)		(12	)		8			7			(21	)		(2	)		(8	)
Insurance and investment product fees and other		188			199			221			192			263			875

Total revenues		1,521			1,627			1,626			1,555			1,442			6,250

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		974			1,075			1,051			1,038			786			3,950
Interest credited		152			161			160			160			162			643
Acquisition and operating expenses, net of deferrals		163			169			170			169			169			677
Amortization of deferred acquisition costs and intangibles		87			78			94			82			223			477
Interest expense		23			26			24			24			12			86

Total benefits and expenses		1,399			1,509			1,499			1,473			1,352			5,833

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		122			118			127			82			90			417
Provision for income taxes		45			40			42			29			32			143

INCOME FROM CONTINUING OPERATIONS		77			78			85			53			58			274
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		8			(2	)		1			11			6			16

NET OPERATING INCOME	$	85		$	76		$	86		$	64		$	64		$	290


Effective tax rate (operating income)⁽¹⁾		36.4	%		32.7	%		32.4	%		36.1	%		35.6	%		34.1	%

⁽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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income—U.S. Life Insurance Division

(amounts in millions)


	U.S. Life Insurance Segment
Three months ended March 31, 2013	Life Insurance			Long-Term Care			Fixed Annuities			Total U.S. Life Insurance Segment			Total
REVENUES:
Premiums	$	181		$	513		$	13		$	707		$	707
Net investment income		131			264			243			638			638
Net investment gains (losses)		(4	)		(3	)		(5	)		(12	)		(12	)
Insurance and investment product fees and other		186			1			1			188			188

Total revenues		494			775			252			1,521			1,521

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		264			628			82			974			974
Interest credited		64			—			88			152			152
Acquisition and operating expenses, net of deferrals		50			94			19			163			163
Amortization of deferred acquisition costs and intangibles		40			25			22			87			87
Interest expense		23			—			—			23			23

Total benefits and expenses		441			747			211			1,399			1,399

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		53			28			41			122			122
Provision for income taxes		20			10			15			45			45

INCOME FROM CONTINUING OPERATIONS		33			18			26			77			77
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		3			2			3			8			8

NET OPERATING INCOME	$	36		$	20		$	29		$	85		$	85



Effective tax rate (operating income)		37.6	%		35.4	%		35.5	%		36.4	%		36.4	%


	U.S. Life Insurance Segment
Three months ended March 31, 2012	Life Insurance			Long-Term Care			Fixed Annuities			Total U.S. Life Insurance Segment			Total
REVENUES:
Premiums	$	(11	)	$	521		$	33		$	543		$	543
Net investment income		129			255			254			638			638
Net investment gains (losses)		(5	)		(2	)		5			(2	)		(2	)
Insurance and investment product fees and other		260			1			2			263			263

Total revenues		373			775			294			1,442			1,442

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		65			601			120			786			786
Interest credited		65			—			97			162			162
Acquisition and operating expenses, net of deferrals		55			98			16			169			169
Amortization of deferred acquisition costs and intangibles		172			22			29			223			223
Interest expense		12			—			—			12			12

Total benefits and expenses		369			721			262			1,352			1,352

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		4			54			32			90			90
Provision for income taxes		1			20			11			32			32

INCOME FROM CONTINUING OPERATIONS		3			34			21			58			58
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		3			1			2			6			6

NET OPERATING INCOME	$	6		$	35		$	23		$	64		$	64



Effective tax rate (operating income)		30.3	%		36.5	%		35.6	%		35.6	%		35.6	%

U.S. Life Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income and Sales—U.S. Life Insurance Segment—Life Insurance

(amounts in millions)


	2013			2012
	1Q			4Q			3Q⁽¹⁾			2Q			1Q⁽²⁾			Total
REVENUES:
Premiums	$	181		$	177		$	187		$	189		$	(11	)	$	542
Net investment income		131			137			129			130			129			525
Net investment gains (losses)		(4	)		10			(2	)		(9	)		(5	)		(6	)
Insurance and investment product fees and other		186			198			219			188			260			865

Total revenues		494			522			533			498			373			1,926

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		264			264			313			281			65			923
Interest credited		64			69			66			65			65			265
Acquisition and operating expenses, net of deferrals		50			44			51			55			55			205
Amortization of deferred acquisition costs and intangibles		40			35			49			37			172			293
Interest expense		23			25			24			23			12			84

Total benefits and expenses		441			437			503			461			369			1,770

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		53			85			30			37			4			156
Provision for income taxes		20			30			10			13			1			54

INCOME FROM CONTINUING OPERATIONS		33			55			20			24			3			102

ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		3			(6	)		2			6			3			5

NET OPERATING INCOME	$	36		$	49		$	22		$	30		$	6		$	107


Effective tax rate (operating income)		37.6	%		34.9	%		32.8	%		35.7	%		30.3	%		34.4	%

SALES:
Sales by Product:
Term Life	$	4		$	—		$	1		$	—		$	—		$	1
Term Universal Life		1			11			19			32			31			93
Universal Life		9			17			15			19			16			67
Linked-Benefits		2			3			3			3			3			12

Total Sales	$	16		$	31		$	38		$	54		$	50		$	173

Sales by Distribution Channel:
Financial Intermediaries	$	1		$	1		$	2		$	1		$	2		$	6
Independent Producers		15			30			35			52			48			165
Dedicated Sales Specialist		—			—			1			1			—			2

Total Sales	$	16		$	31		$	38		$	54		$	50		$	173

⁽¹⁾

In the third quarter of 2012, as part of a life block transaction, the company repurchased $270 million of non-recourse funding obligations resulting in a U.S. GAAP after-tax gain of approximately $21 million. The company also recorded higher after-tax deferred acquisition costs (DAC) amortization of approximately $25 million reflecting loss recognition associated with a third-party reinsurance treaty plus additional expenses. The combined transactions resulted in a U.S. GAAP after-tax loss of $6 million.

⁽²⁾

In January 2012, as part of a life block transaction, the company repurchased $475 million of non-recourse funding obligations resulting in a U.S. GAAP after-tax gain of approximately $52 million and then ceded certain term life insurance policies to a third-party reinsurer resulting in a U.S. GAAP after-tax loss, net of DAC, of $93 million. The combined transactions resulted in a U.S. GAAP after-tax loss of approximately $41 million.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Life Insurance In-Force

(amounts in millions)


	2013		2012
	1Q		4Q		3Q		2Q		1Q
Term and Whole Life Insurance
Life insurance in-force, net of reinsurance	$	338,014	$	340,394	$	382,735	$	387,333	$	391,870
Life insurance in-force before reinsurance	$	534,194	$	539,317	$	546,829	$	554,019	$	561,186

Term Universal Life Insurance
Life insurance in-force, net of reinsurance	$	136,222	$	137,359	$	133,846	$	119,687	$	112,906
Life insurance in-force before reinsurance	$	137,297	$	138,436	$	134,921	$	127,640	$	113,737

Universal Life Insurance
Life insurance in-force, net of reinsurance	$	44,051	$	44,129	$	43,523	$	43,232	$	42,734
Life insurance in-force before reinsurance	$	50,906	$	50,954	$	50,364	$	50,083	$	49,527

Total Life Insurance
Life insurance in-force, net of reinsurance	$	518,287	$	521,882	$	560,104	$	550,252	$	547,510
Life insurance in-force before reinsurance	$	722,397	$	728,707	$	732,114	$	731,742	$	724,450

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income and Sales—U.S. Life Insurance Segment—Long-Term Care

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	513		$	552		$	541		$	529		$	521		$	2,143
Net investment income		264			273			266			266			255			1,060
Net investment gains (losses)		(3	)		1			1			—			(2	)		—
Insurance and investment product fees and other		1			—			1			2			1			4

Total revenues		775			826			809			797			775			3,207

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		628			694			625			654			601			2,574
Interest credited		—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		94			105			100			96			98			399
Amortization of deferred acquisition costs and intangibles		25			17			19			24			22			82
Interest expense		—			1			—			1			—			2

Total benefits and expenses		747			817			744			775			721			3,057

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		28			9			65			22			54			150
Provision for income taxes		10			1			20			8			20			49

INCOME FROM CONTINUING OPERATIONS		18			8			45			14			34			101

ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		2			(1	)		—			—			1			—

NET OPERATING INCOME	$	20		$	7		$	45		$	14		$	35		$	101


Effective tax rate (operating income)		35.4	%		2.1	%		30.9	%		38.4	%		36.5	%		32.6	%

SALES:
Sales by Distribution Channel:
Financial Intermediaries	$	4		$	6		$	5		$	5		$	5		$	21
Independent Producers		21			41			46			35			28			150
Dedicated Sales Specialist		10			13			12			13			12			50

Total Individual Long-Term Care		35			60			63			53			45			221
Group Long-Term Care		5			4			6			7			3			20

Total Sales	$	40		$	64		$	69		$	60		$	48		$	241


RATIOS:
Loss Ratio⁽¹⁾		69.2	%		76.2	%		65.8	%		74.2	%		66.4	%		70.7	%
Gross Benefits Ratio⁽²⁾		122.8	%		126.4	%		115.0	%		124.1	%		115.1	%		120.2	%

⁽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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income and Sales—U.S. Life Insurance Segment—Fixed Annuities

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	13		$	30		$	26		$	15		$	33		$	104
Net investment income		243			251			249			255			254			1,009
Net investment gains (losses)		(5	)		(3	)		8			(12	)		5			(2	)
Insurance and investment product fees and other		1			1			1			2			2			6

Total revenues		252			279			284			260			294			1,117

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		82			117			113			103			120			453
Interest credited		88			92			94			95			97			378
Acquisition and operating expenses, net of deferrals		19			20			19			18			16			73
Amortization of deferred acquisition costs and intangibles		22			26			26			21			29			102
Interest expense		—			—			—			—			—			—

Total benefits and expenses		211			255			252			237			262			1,006

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		41			24			32			23			32			111
Provision for income taxes		15			9			12			8			11			40

INCOME FROM CONTINUING OPERATIONS		26			15			20			15			21			71

ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		3			5			(1	)		5			2			11

NET OPERATING INCOME	$	29		$	20		$	19		$	20		$	23		$	82


Effective tax rate (operating income)		35.5	%		35.1	%		35.4	%		35.3	%		35.6	%		35.3	%

SALES:
Sales by Product:
Single Premium Immediate Annuities	$	40		$	69		$	63		$	51		$	74		$	257
Single Premium Deferred Annuities		67			179			424			285			262			1,150

Total Sales	$	107		$	248		$	487		$	336		$	336		$	1,407

Sales by Distribution Channel:
Financial Intermediaries	$	47		$	120		$	336		$	242		$	216		$	914
Independent Producers		56			118			145			90			116			469
Dedicated Sales Specialists		4			10			6			4			4			24

Total Sales	$	107		$	248		$	487		$	336		$	336		$	1,407

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Operating Performance Measures—U.S. Life Insurance Segment—Fixed Annuities

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Single Premium Deferred Annuities
Account value, beginning of the period	$	11,038		$	11,104		$	10,904		$	10,849		$	10,831		$	10,831
Deposits		68			184			427			286			264			1,161
Surrenders, benefits and product charges		(302	)		(331	)		(310	)		(314	)		(330	)		(1,285	)

Net flows		(234	)		(147	)		117			(28	)		(66	)		(124	)
Interest credited		77			81			83			83			84			331

Account value, end of the period		10,881			11,038			11,104			10,904			10,849			11,038


Single Premium Immediate Annuities
Account value, beginning of the period		6,442			6,469			6,427			6,404			6,433			6,433
Premiums and deposits		65			93			90			81			106			370
Surrenders, benefits and product charges		(235	)		(235	)		(222	)		(235	)		(237	)		(929	)

Net flows		(170	)		(142	)		(132	)		(154	)		(131	)		(559	)
Interest credited		73			75			75			77			78			305
Effect of accumulated net unrealized investment gains (losses)		(26	)		40			99			100			24			263

Account value, end of the period		6,319			6,442			6,469			6,427			6,404			6,442


Structured Settlements
Account value, net of reinsurance, beginning of the period		1,101			1,104			1,106			1,107			1,107			1,107
Surrenders, benefits and product charges		(15	)		(17	)		(17	)		(16	)		(14	)		(64	)

Net flows		(15	)		(17	)		(17	)		(16	)		(14	)		(64	)
Interest credited		15			14			15			15			14			58

Account value, net of reinsurance, end of the period		1,101			1,101			1,104			1,106			1,107			1,101

Total Fixed Annuities	$	18,301		$	18,581		$	18,677		$	18,437		$	18,360		$	18,581

Global Mortgage Insurance Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income (Loss)—Global Mortgage Insurance Division

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	388		$	395		$	394		$	393		$	383		$	1,565
Net investment income		107			104			112			107			120			443
Net investment gains (losses)		3			12			—			11			29			52
Insurance and investment product fees and other		1			2			—			20			2			24

Total revenues		499			513			506			531			534			2,084

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		184			275			273			289			404			1,241
Acquisition and operating expenses, net of deferrals		91			(91	)		102			94			93			198
Amortization of deferred acquisition costs and intangibles		17			15			18			18			18			69
Interest expense		9			9			9			8			10			36

Total benefits and expenses		301			208			402			409			525			1,544

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		198			305			104			122			9			540
Provision (benefit) for income taxes		57			66			12			31			(4	)		105

INCOME FROM CONTINUING OPERATIONS		141			239			92			91			13			435
Less: net income attributable to noncontrolling interests		38			98			36			33			33			200

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		103			141			56			58			(20	)		235

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		(8	)		1			(7	)		(17	)		(31	)

NET OPERATING INCOME (LOSS)⁽¹⁾	$	102		$	133		$	57		$	51		$	(37	)	$	204


Effective tax rate (operating income (loss))		29.9	%		19.6	%		-1.8	%		21.6	%		41.5	%		8.5	%

⁽¹⁾	Net operating income (loss) adjusted for foreign exchange as compared to the prior year period for the Global Mortgage Insurance Division was $103 million for the three months ended March 31, 2013.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income (Loss)—Global Mortgage Insurance Division

(amounts in millions)


	International Mortgage Insurance Segment
Three months ended March 31, 2013	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	144		$	101		$	9		$	254		$	134		$	388
Net investment income		44			43			1			88			19			107
Net investment gains (losses)		4			(1	)		—			3			—			3
Insurance and investment product fees and other		—			—			—			—			1			1

Total revenues		192			143			10			345			154			499

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		44			48			8			100			84			184
Acquisition and operating expenses, net of deferrals		19			24			9			52			39			91
Amortization of deferred acquisition costs and intangibles		10			6			—			16			1			17
Interest expense		6			3			—			9			—			9

Total benefits and expenses		79			81			17			177			124			301

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		113			62			(7	)		168			30			198
Provision for income taxes		32			16			—			48			9			57

INCOME (LOSS) FROM CONTINUING OPERATIONS		81			46			(7	)		120			21			141
Less: net income attributable to noncontrolling interests		38			—			—			38			—			38

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		43			46			(7	)		82			21			103

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		—			—			(1	)		—			(1	)

NET OPERATING INCOME (LOSS)	$	42		$	46		$	(7	)	$	81		$	21		$	102


Effective tax rate (operating income (loss))		30.2	%		26.6	%		4.9	%		29.9	%		30.1	%		29.9	%

	International Mortgage Insurance Segment
Three months ended March 31, 2012	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	145		$	91		$	11		$	247		$	136		$	383
Net investment income		47			47			3			97			23			120
Net investment gains (losses)		6			(5	)		1			2			27			29
Insurance and investment product fees and other		—			—			—			—			2			2

Total revenues		198			133			15			346			188			534

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		55			138			14			207			197			404
Acquisition and operating expenses, net of deferrals		26			23			10			59			34			93
Amortization of deferred acquisition costs and intangibles		10			7			—			17			1			18
Interest expense		6			4			—			10			—			10

Total benefits and expenses		97			172			24			293			232			525

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		101			(39	)		(9	)		53			(44	)		9
Provision (benefit) for income taxes		29			(15	)		(1	)		13			(17	)		(4	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		72			(24	)		(8	)		40			(27	)		13
Less: net income attributable to noncontrolling interests		33			—			—			33			—			33

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		39			(24	)		(8	)		7			(27	)		(20	)

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(2	)		3			(1	)		—			(17	)		(17	)

NET OPERATING INCOME (LOSS)	$	37		$	(21	)	$	(9	)	$	7		$	(44	)	$	(37	)


Effective tax rate (operating income (loss))		29.3	%		39.9	%		10.1	%		6.8	%		37.7	%		41.5	%

International Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income—International Mortgage Insurance Segment

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	254		$	257		$	256		$	256		$	247		$	1,016
Net investment income		88			92			92			94			97			375
Net investment gains (losses)		3			1			2			11			2			16
Insurance and investment product fees and other		—			1			—			—			—			1

Total revenues		345			351			350			361			346			1,408

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		100			95			99			115			207			516
Acquisition and operating expenses, net of deferrals		52			(127	)		62			61			59			55
Amortization of deferred acquisition costs and intangibles		16			14			17			16			17			64
Interest expense		9			9			9			8			10			36

Total benefits and expenses		177			(9	)		187			200			293			671

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		168			360			163			161			53			737
Provision for income taxes		48			96			34			45			13			188

INCOME FROM CONTINUING OPERATIONS		120			264			129			116			40			549
Less: net income attributable to noncontrolling interests		38			98			36			33			33			200

INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		82			166			93			83			7			349

ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		(1	)		1			(7	)		—			(7	)

NET OPERATING INCOME⁽¹⁾	$	81		$	165		$	94		$	76		$	7		$	342


Effective tax rate (operating income)		29.9	%		28.5	%		17.6	%		27.4	%		6.8	%		25.1	%

⁽¹⁾	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Mortgage Insurance segment was $82 million for the three months ended March 31, 2013.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income and Sales—International Mortgage Insurance Segment—Canada

(amounts in millions)


	2013			2012
	1Q			4Q⁽¹⁾			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	144		$	147		$	147		$	148		$	145		$	587
Net investment income		44			47			46			47			47			187
Net investment gains (losses)		4			1			4			1			6			12
Insurance and investment product fees and other		—			—			—			—			—			—

Total revenues		192			195			197			196			198			786

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		44			46			44			48			55			193
Acquisition and operating expenses, net of deferrals		19			(163	)		28			29			26			(80	)
Amortization of deferred acquisition costs and intangibles		10			9			10			10			10			39
Interest expense		6			6			6			5			6			23

Total benefits and expenses		79			(102	)		88			92			97			175

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		113			297			109			104			101			611
Provision for income taxes		32			84			29			30			29			172

INCOME FROM CONTINUING OPERATIONS		81			213			80			74			72			439
Less: net income attributable to noncontrolling interests		38			98			36			33			33			200

INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		43			115			44			41			39			239

ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		(1	)		(2	)		—			(2	)		(5	)

NET OPERATING INCOME⁽²⁾	$	42		$	114		$	42		$	41		$	37		$	234


Effective tax rate (operating income)		30.2	%		31.6	%		25.6	%		30.0	%		29.3	%		29.9	%

SALES:
New Insurance Written (NIW)
Flow	$	3,300		$	4,400		$	7,200		$	5,700		$	3,500		$	20,800
Bulk		2,400			4,100			2,600			13,100			500			20,300

Total Canada NIW⁽³⁾	$	5,700		$	8,500		$	9,800		$	18,800		$	4,000		$	41,100

⁽¹⁾

⁽²⁾	Net operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $42 million million for the three months ended March 31, 2013.

⁽³⁾	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $5,700 million for the three months ended March 31, 2013.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income (Loss) and Sales—International Mortgage Insurance Segment—Australia

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	101		$	101		$	98		$	98		$	91		$	388
Net investment income		43			44			44			46			47			181
Net investment gains (losses)		(1	)		1			(2	)		4			(5	)		(2	)
Insurance and investment product fees and other		—			—			—			—			—			—

Total revenues		143			146			140			148			133			567

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		48			37			46			53			138			274
Acquisition and operating expenses, net of deferrals		24			27			26			23			23			99
Amortization of deferred acquisition costs and intangibles		6			5			6			6			7			24
Interest expense		3			3			3			3			4			13

Total benefits and expenses		81			72			81			85			172			410

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		62			74			59			63			(39	)		157
Provision (benefit) for income taxes		16			12			4			16			(15	)		17

INCOME (LOSS) FROM CONTINUING OPERATIONS		46			62			55			47			(24	)		140
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		46			62			55			47			(24	)		140

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			—			2			(3	)		3			2

NET OPERATING INCOME (LOSS)⁽¹⁾	$	46		$	62		$	57		$	44		$	(21	)	$	142


Effective tax rate (operating income (loss))		26.6	%		16.5	%		8.2	%		24.8	%		39.9	%		11.3	%

SALES:
New Insurance Written (NIW)
Flow	$	7,900		$	9,600		$	8,800		$	8,200		$	7,700		$	34,300
Bulk		—			—			—			300			300			600

Total Australia NIW⁽²⁾	$	7,900		$	9,600		$	8,800		$	8,500		$	8,000		$	34,900

⁽¹⁾	Net operating income for the Australian platform adjusted for foreign exchange as compared to the prior year period was $46 million for the three months ended March 31, 2013.

⁽²⁾	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $7,900 million for the three months ended March 31, 2013.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Loss and Sales—International Mortgage Insurance Segment—Other Countries

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	9		$	9		$	11		$	10		$	11		$	41
Net investment income		1			1			2			1			3			7
Net investment gains (losses)		—			(1	)		—			6			1			6
Insurance and investment product fees and other		—			1			—			—			—			1

Total revenues		10			10			13			17			15			55

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		8			12			9			14			14			49
Acquisition and operating expenses, net of deferrals		9			9			8			9			10			36
Amortization of deferred acquisition costs and intangibles		—			—			1			—			—			1
Interest expense		—			—			—			—			—			—

Total benefits and expenses		17			21			18			23			24			86


LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(7	)		(11	)		(5	)		(6	)		(9	)		(31	)
Provision (benefit) for income taxes		—			—			1			(1	)		(1	)		(1	)

LOSS FROM CONTINUING OPERATIONS		(7	)		(11	)		(6	)		(5	)		(8	)		(30	)
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—

LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		(7	)		(11	)		(6	)		(5	)		(8	)		(30	)

ADJUSTMENT TO LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			—			1			(4	)		(1	)		(4	)

NET OPERATING LOSS⁽¹⁾	$	(7	)	$	(11	)	$	(5	)	$	(9	)	$	(9	)	$	(34	)


Effective tax rate (operating loss)		4.9	%		-5.6	%		-0.6	%		26.7	%		10.1	%		8.8	%

SALES:
New Insurance Written (NIW)
Flow	$	400		$	500		$	400		$	500		$	300		$	1,700
Bulk		—			—			—			—			—			—

Total Other Countries NIW⁽²⁾	$	400		$	500		$	400		$	500		$	300		$	1,700

⁽¹⁾	Net operating loss for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $(6) million for the three months ended March 31, 2013.

⁽²⁾	New insurance written for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $400 million for the three months ended March 31, 2013.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Net Premiums Written
Canada	$	84		$	118		$	176		$	175		$	79		$	548
Australia		117			157			131			103			102			493
Other Countries⁽¹⁾		5			—			7			7			6			20

Total International Net Premiums Written	$	206		$	275		$	314		$	285		$	187		$	1,061

Loss Ratio⁽²⁾
Canada		31	%		31	%		30	%		32	%		38	%		33	%
Australia		47	%		36	%		47	%		54	%		154	%		70	%
Other Countries		90	%		133	%		97	%		129	%		128	%		122	%
Total International Loss Ratio		39	%		37	%		39	%		45	%		84	%		51	%

GAAP Basis Expense Ratio⁽³⁾
Canada⁽⁴⁾		20	%		-103	%		26	%		26	%		25	%		-7	%
Australia		31	%		32	%		32	%		30	%		33	%		32	%
Other Countries⁽¹⁾		113	%		103	%		85	%		82	%		94	%		90	%
Total International GAAP Basis Expense Ratio⁽⁴⁾		27	%		-43	%		30	%		30	%		31	%		12	%

Adjusted Expense Ratio⁽⁵⁾
Canada⁽⁴⁾		35	%		-130	%		21	%		22	%		46	%		-7	%
Australia		27	%		21	%		24	%		29	%		29	%		25	%
Other Countries⁽¹⁾		174	%		NM	⁽⁶⁾		118	%		131	%		162	%		185	%
Total International Adjusted Expense Ratio⁽⁴⁾		34	%		-41	%		25	%		27	%		41	%		11	%

The loss and expense ratios included above were calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.

⁽¹⁾

Includes the impact of settlements and cancelled insurance contracts, primarily with lenders in Europe. Primary flow risk in-force excludes $225 million, $213 million, $183 million, $154 million and $134 million of risk in-force in Europe ceded under quota share reinsurance agreements as of March 31, 2013, December 31, 2012, September 30, 2012, June 30, 2012 and March 31, 2012, respectively.

⁽²⁾

The ratio of incurred losses and loss adjustment expense to net earned premiums. In determining the pricing of the mortgage insurance products, the company develops a pricing loss ratio which uses industry and company loss experience over a number of years, which incorporate both favorable and unfavorable economic environments, differing coverage levels and varying capital requirements. Actual results may vary from pricing loss ratios for a number of reasons, which include differing economic conditions and actual individual product and lender performance. New business pricing loss ratios for the international businesses were as follows for all periods: Canada 35%-40%, Australia 25%-35% and Europe 40%-45%.

⁽³⁾	The ratio of an insurer's general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.

⁽⁴⁾

Effective January 1, 2013, the Government Guarantee Agreement and all obligations under it, including the requirement for a government guarantee fund and payment of exit fees related to it, was terminated. As a result, in the fourth quarter of 2012, acquisition and operating expenses, net of deferrals, for the Canadian platform included a favorable adjustment of $186 million associated with the reversal of the accrued liability for exit fees. For the three and twelve months ended December 31, 2012, excluding the exit fee adjustment, the GAAP basis expense ratios for the Canadian platform were 22% and 25%, respectively, and the adjusted expense ratios for the Canadian platform were 28% and 27%, respectively. For the three and twelve months ended December 31, 2012, excluding the exit fee adjustment, the GAAP basis expense ratios for the International Mortgage Insurance segment were 29% and 30%, respectively, and the adjusted expense ratios for the International Mortgage Insurance segment were 27% and 29%, respectively.

⁽⁵⁾	The ratio of an insurer's general expenses to net premiums written. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.

⁽⁶⁾	"NM" is defined as not meaningful for percentages greater than 200%.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)


	2013		2012
	1Q		4Q			3Q		2Q		1Q

Primary Insurance In-Force
Canada	$	284,700	$	303,400	⁽¹⁾	$	299,600	$	281,700	$	269,100
Australia		299,000		295,600			291,500		286,200		287,100
Other Countries		31,400		32,200			31,900		31,400		33,600

Total International Primary Insurance In-Force	$	615,100	$	631,200		$	623,000	$	599,300	$	589,800


Primary Risk In-Force⁽²⁾
Canada
Flow	$	80,900	$	81,900		$	81,300	$	76,600	$	76,200
Bulk		18,800		24,300			23,500		22,000		18,000

Total Canada		99,700		106,200			104,800		98,600		94,200

Australia
Flow		96,100		94,800			93,100		90,600		90,600
Bulk		8,500		8,700			9,000		9,600		9,900

Total Australia		104,600		103,500			102,100		100,200		100,500

Other Countries
Flow⁽³⁾		3,900		4,000			3,900		3,900		4,200
Bulk		300		300			400		400		400

Total Other Countries		4,200		4,300			4,300		4,300		4,600

Total International Primary Risk In-Force	$	208,500	$	214,000		$	211,200	$	203,100	$	199,300

⁽¹⁾

As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company surveyed its largest customers and obtained updated outstanding balances in Canada. As a result, the company estimates that the outstanding balance of insured mortgages was approximately $150.0 billion as of December 31, 2012. This is based on the extrapolation of the amounts reported by lenders surveyed to the entire insured population.

⁽²⁾

The businesses in Australia and Canada currently provide 100% coverage on the majority of the loans the company insures in those markets. For the purpose of representing the risk in-force, the company has computed an “effective risk in-force” amount which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor that represents the highest expected average per-claim payment for any one underwriting year over the life of the businesses in Australia and Canada. This factor was 35% for all periods presented.

⁽³⁾

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment—Canada

(dollar amounts in millions)


Primary Insurance	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
Insured loans in-force⁽¹⁾		1,428,163			1,502,858			1,483,111			1,452,408			1,371,140
Insured delinquent loans		1,963			2,153			2,183			2,408			2,623
Insured delinquency rate⁽²⁾		0.14	%		0.14	%		0.15	%		0.17	%		0.19	%

Flow loans in-force⁽¹⁾		1,136,321			1,126,468			1,112,910			1,091,543			1,074,281
Flow delinquent loans		1,726			1,924			1,943			2,125			2,335
Flow delinquency rate⁽²⁾		0.15	%		0.17	%		0.17	%		0.19	%		0.22	%

Bulk loans in-force⁽¹⁾		291,842			376,390			370,201			360,865			296,859
Bulk delinquent loans		237			229			240			283			288
Bulk delinquency rate⁽²⁾		0.08	%		0.06	%		0.06	%		0.08	%		0.10	%

Loss Metrics	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
Beginning Reserves	$	130		$	136		$	141		$	149		$	161
Paid claims⁽³⁾		(53	)		(52	)		(54	)		(54	)		(62	)
Increase in reserves		44			40			44			48			55
Impact of changes in foreign exchange rates		(3	)		6			5			(2	)		(5	)

Ending Reserves	$	118		$	130		$	136		$	141		$	149


	March 31, 2013						December 31, 2012						March 31, 2012
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	%		0.08	%		46	%		0.09	%		46	%		0.11%
British Columbia		15			0.20	%		16			0.18	%		16			0.24%
Alberta		16			0.18	%		16			0.22	%		16			0.35%
Quebec		14			0.19	%		14			0.19	%		15			0.24%
Nova Scotia		2			0.22	%		2			0.20	%		2			0.26%
Saskatchewan		2			0.12	%		2			0.11	%		2			0.12%
Manitoba		2			0.06	%		2			0.07	%		1			0.10%
New Brunswick		1			0.23	%		1			0.21	%		1			0.21%
All Other		1			0.11	%		1			0.09	%		1			0.14%

Total		100	%		0.14	%		100	%		0.14	%		100	%		0.19%


By Policy Year
2005 and prior		30	%		0.04	%		29	%		0.04	%		33	%		0.05%
2006		8			0.13	%		8			0.16	%		9			0.22%
2007		11			0.31	%		16			0.24	%		18			0.35%
2008		9			0.29	%		9			0.31	%		10			0.46%
2009		6			0.26	%		6			0.29	%		7			0.33%
2010		10			0.29	%		9			0.29	%		11			0.26%
2011		10			0.22	%		9			0.18	%		10			0.08%
2012		14			0.04	%		14			0.02	%		2			— %
2013		2			—	%		—			—	%		—			— %

Total		100	%		0.14	%		100	%		0.14	%		100	%		0.19%

⁽¹⁾	Insured loans in-force represent the original number of loans insured for which the coverage term has not expired, and for which no policy level cancellation or termination has been received.

⁽²⁾	Delinquent rates are based on insured loans in-force.

⁽³⁾	Paid claims exclude adjustments for expected recoveries related to loss reserves.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment—Canada

(Canadian dollar amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Paid Claims⁽¹⁾
Flow	$	51		$	49		$	52		$	52		$	62		$	215
Bulk		2			2			2			2			2			8

Total Paid Claims	$	53		$	51		$	54		$	54		$	64		$	223


Average Paid Claim (in thousands)	$	84.9		$	84.6		$	80.9		$	76.7		$	73.0

Average Reserve Per Delinquency (in thousands)	$	61.3		$	60.1		$	61.1		$	59.4		$	56.6

Loss Metrics

Beginning Reserves	$	129		$	134		$	143		$	148		$	164
Paid claims		(53	)		(51	)		(54	)		(54	)		(64	)
Increase in reserves		44			46			45			49			48

Ending Reserves	$	120		$	129		$	134		$	143		$	148

Loan Amount

Over $550K		5	%		5	%		5	%		5	%		5	%
$400K to $550K		10			9			9			9			8
$250K to $400K		31			31			30			30			30
$100K to $250K		49			49			50			50			51
$100K or Less		5			6			6			6			6

Total		100	%		100	%		100	%		100	%		100	%

Average Primary Loan Size (in thousands)	$	203		$	201		$	199		$	197		$	196

Average Effective Loan-To-Value Ratios By Policy Year⁽²⁾

2006 and prior		39	%		40	%		40	%		41	%		42	%
2007		68	%		68	%		69	%		69	%		71	%
2008		72	%		73	%		73	%		74	%		76	%
2009		74	%		75	%		75	%		76	%		78	%
2010		81	%		82	%		82	%		83	%		85	%
2011		87	%		88	%		88	%		88	%		91	%
2012		91	%		92	%		91	%		91	%		—	%
Total Flow		56	%		56	%		56	%		56	%		57	%

Total Bulk		31	%		29	%		29	%		26	%		28	%

Total		50	%		50	%		50	%		50	%		51	%

All amounts presented in Canadian dollars.

⁽¹⁾	Paid claims exclude adjustments for expected recoveries related to loss reserves.

⁽²⁾

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment—Australia

(dollar amounts in millions)


Primary Insurance	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
Insured loans in-force		1,448,090			1,440,719			1,440,397			1,449,648			1,442,867
Insured delinquent loans		5,868			5,851			6,791			7,527			7,837
Insured delinquency rate		0.41	%		0.41	%		0.47	%		0.52	%		0.54	%

Flow loans in-force		1,320,701			1,311,052			1,306,316			1,304,944			1,295,907
Flow delinquent loans		5,567			5,567			6,475			7,253			7,559
Flow delinquency rate		0.42	%		0.42	%		0.50	%		0.56	%		0.58	%

Bulk loans in-force		127,389			129,667			134,081			144,704			146,960
Bulk delinquent loans		301			284			316			274			278
Bulk delinquency rate		0.24	%		0.22	%		0.24	%		0.19	%		0.19	%

Loss Metrics	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
Beginning Reserves	$	251		$	287		$	320		$	342		$	272
Paid claims		(61	)		(73	)		(83	)		(72	)		(69	)
Increase in reserves		48			37			46			53			138
Impact of changes in foreign exchange rates		—			—			4			(3	)		1

Ending Reserves	$	238		$	251		$	287		$	320		$	342


	March 31, 2013						December 31, 2012						March 31, 2012
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		30	%		0.39	%		30	%		0.39	%		31	%		0.53%
Victoria		23			0.33	%		23			0.31	%		23			0.37%
Queensland		22			0.54	%		23			0.57	%		22			0.80%
Western Australia		11			0.36	%		11			0.38	%		11			0.57%
South Australia		6			0.48	%		6			0.46	%		6			0.52%
New Zealand		2			0.57	%		2			0.55	%		2			0.94%
Australian Capital Territory		3			0.09	%		2			0.08	%		2			0.10%
Tasmania		2			0.38	%		2			0.39	%		2			0.40%
Northern Territory		1			0.17	%		1			0.15	%		1			0.28%

Total		100	%		0.41	%		100	%		0.41	%		100	%		0.54%

By Policy Year
2005 and prior		29	%		0.18	%		29	%		0.18	%		32	%		0.23%
2006		9			0.64	%		9			0.65	%		10			0.80%
2007		10			0.86	%		10			0.87	%		12			1.14%
2008		10			1.01	%		10			1.01	%		11			1.38%
2009		11			0.72	%		12			0.69	%		13			0.83%
2010		8			0.33	%		9			0.32	%		9			0.27%
2011		9			0.22	%		9			0.16	%		10			0.05%
2012		11			0.06	%		12			0.02	%		3			— %
2013		3			—	%		—			—	%		—			— %

Total		100	%		0.41	%		100	%		0.41	%		100	%		0.54%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment—Australia

(Australian dollar amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Paid Claims
Flow	$	59		$	70		$	79		$	70		$	66		$	285
Bulk		—			1			1			—			—			2

Total Paid Claims	$	59		$	71		$	80		$	70		$	66		$	287


Average Paid Claim (in thousands)	$	81.4		$	80.9		$	83.5		$	91.2		$	77.1

Average Reserve Per Delinquency (in thousands)	$	38.9		$	41.2		$	40.8		$	41.5		$	42.2

Loss Metrics

Beginning Reserves	$	241		$	277		$	312		$	331		$	266
Paid claims		(59	)		(71	)		(80	)		(70	)		(66	)
Increase in reserves		46			35			45			51			131

Ending Reserves	$	228		$	241		$	277		$	312		$	331

Loan Amount

Over $550K		12	%		12	%		11	%		11	%		11	%
$400K to $550K		16			16			16			16			15
$250K to $400K		37			37			37			36			36
$100K to $250K		29			29			30			30			31
$100K or Less		6			6			6			7			7

Total		100	%		100	%		100	%		100	%		100	%


Average Primary Loan Size (in thousands)	$	198		$	197		$	195		$	193		$	192

Average Effective Loan-To-Value Ratios By Policy Year⁽¹⁾

2006 and prior		48	%		48	%		49	%		49	%		48	%
2007		68	%		68	%		69	%		69	%		67	%
2008		76	%		76	%		77	%		77	%		74	%
2009		79	%		79	%		80	%		80	%		78	%
2010		85	%		85	%		86	%		86	%		85	%
2011		87	%		87	%		88	%		88	%		86	%
2012		86	%		85	%		86	%		86	%		—	%
Total Flow		69	%		68	%		68	%		68	%		66	%

Total Bulk		38	%		38	%		38	%		38	%		38	%

Total		66	%		65	%		65	%		65	%		63	%

All amounts presented in Australian dollars.

⁽¹⁾

Loan amounts (including capitalized premiums) reflect interest rates at time of loan origination and estimated scheduled principal repayments since loan origination. Home price estimates based on regional home price appreciation/depreciation data from RP Data (except Tasmania which is from the Australian Bureau of Statistics prior to 2Q12). 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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)


Risk In-Force by Loan-To-Value Ratio⁽¹⁾	March 31, 2013						December 31, 2012
	Primary		Flow		Bulk		Primary		Flow		Bulk
Canada
95.01% and above	$	35,932	$	35,932	$	—	$	36,229	$	36,229	$	—
90.01% to 95.00%		25,500		25,498		2		25,868		25,865		3
80.01% to 90.00%		18,954		16,422		2,532		19,226		16,685		2,541
80.00% and below		19,265		3,055		16,210		24,856		3,078		21,779

Total Canada	$	99,651	$	80,907	$	18,744	$	106,179	$	81,856	$	24,322

Australia
95.01% and above	$	19,435	$	19,434	$	1	$	18,930	$	18,929	$	1
90.01% to 95.00%		23,839		23,831		8		23,348		23,340		8
80.01% to 90.00%		27,071		26,984		87		26,651		26,562		89
80.00% and below		34,295		25,873		8,423		34,521		25,923		8,598

Total Australia	$	104,640	$	96,122	$	8,518	$	103,449	$	94,754	$	8,696

Other Countries⁽²⁾
95.01% and above	$	705	$	705	$	—	$	737	$	737	$	—
90.01% to 95.00%		2,012		1,950		62		2,063		2,003		60
80.01% to 90.00%		1,259		993		267		1,284		1,020		264
80.00% and below		244		209		35		251		216		35

Total Other Countries	$	4,221	$	3,857	$	363	$	4,334	$	3,975	$	360

Amounts may not total due to rounding.

⁽¹⁾	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.

⁽²⁾	Other Countries flow and primary risk in-force exclude $225 million and $213 million of risk in-force in Europe ceded under quota share reinsurance agreements as of March 31, 2013 and December 31, 2012, respectively.

U.S. Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance Segment

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	134		$	138		$	138		$	137		$	136		$	549
Net investment income		19			12			20			13			23			68
Net investment gains (losses)		—			11			(2	)		—			27			36
Insurance and investment product fees and other		1			1			—			20			2			23

Total revenues		154			162			156			170			188			676

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		84			180			174			174			197			725
Acquisition and operating expenses, net of deferrals		39			36			40			33			34			143
Amortization of deferred acquisition costs and intangibles		1			1			1			2			1			5

Total benefits and expenses		124			217			215			209			232			873

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		30			(55	)		(59	)		(39	)		(44	)		(197	)
Provision (benefit) for income taxes		9			(30	)		(22	)		(14	)		(17	)		(83	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		21			(25	)		(37	)		(25	)		(27	)		(114	)

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		—			(7	)		—			—			(17	)		(24	)

NET OPERATING INCOME (LOSS)	$	21		$	(32	)	$	(37	)	$	(25	)	$	(44	)	$	(138	)

Effective tax rate (operating income (loss))		30.1	%		50.7	%		36.8	%		37.0	%		37.7	%		41.0	%

SALES:
New Insurance Written (NIW)
Flow	$	4,700		$	5,100		$	4,700		$	3,600		$	3,000		$	16,400
Bulk		—			—			—			—			—			—

Total U.S. Mortgage Insurance NIW	$	4,700		$	5,100		$	4,700		$	3,600		$	3,000		$	16,400

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Other Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Net Premiums Written	$	135		$	140		$	135		$	139		$	140		$	554

New Risk Written
Flow	$	1,091		$	1,188		$	1,130		$	843		$	688		$	3,849
Bulk		—			—			—			—			7			7

Total Primary		1,091			1,188			1,130			843			695			3,856
Pool		—			—			—			—			—			—

Total New Risk Written	$	1,091		$	1,188		$	1,130		$	843		$	695		$	3,856


Primary Insurance In-Force	$	109,300		$	110,000		$	111,100		$	112,000		$	113,800

Risk In-Force
Flow	$	25,626		$	25,716		$	25,849		$	25,887		$	26,137
Bulk⁽¹⁾		485			491			507			514			520

Total Primary		26,111			26,207			26,356			26,401			26,657
Pool		205			211			221			229			239

Total Risk In-Force	$	26,316		$	26,418		$	26,577		$	26,630		$	26,896


Primary Risk In-Force Subject To Captives		12	%		14	%		15	%		27	%		31	%

Primary Risk In-Force That Is GSE Conforming		97	%		97	%		97	%		96	%		96	%

GAAP Basis Expense Ratio⁽²⁾		30	%		27	%		30	%		25	%		26	%		27	%

Adjusted Expense Ratio⁽³⁾		30	%		27	%		30	%		25	%		25	%		27	%

Flow Persistency		80	%		79	%		81	%		82	%		81	%

Gross Written Premiums Ceded To Captives/Total Direct Written Premiums		4	%		5	%		8	%		10	%		12	%

Risk To Capital Ratio⁽⁴⁾		24.2:1			30.4:1			29.8:1			29.5:1			28.6:1

Average Primary Loan Size (in thousands)	$	168		$	167		$	166		$	165		$	164

Estimated Savings For Loss Mitigation Activities⁽⁵⁾	$	159		$	165		$	189		$	162		$	158		$	674

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 March 31, 2013, 84% of our bulk risk-in force was related to loans financed by lenders who participated in the mortgage programs sponsored by the Federal Home Loan Banks.

⁽²⁾	The ratio of an insurer’s general expenses to net earned premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.

⁽³⁾	The ratio of an insurer’s general expenses to net written premiums. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.

⁽⁴⁾

Certain states limit a private mortgage insurer’s risk in-force to 25 times the total of the insurer’s policyholders’ surplus plus the statutory contingency reserve, commonly known as the “risk to capital” requirement. The U.S. mortgage insurance business maintains new business writing flexibility in all states, supported by risk-to-capital waivers or existing authority to write new business in 44 states in its primary writing entity, with the remaining six states written out of other available entities. The current period risk to capital ratio is an estimate due to the timing of the filing of statutory statements and is prepared consistent with the presentation of the statutory financial statements in the combined annual statement of the U.S. mortgage insurance business.

⁽⁵⁾

Loss mitigation activities are defined as rescissions, cancellations, borrower loan modifications, repayment plans, lender-and borrower-titled pre-sales, claims administration and other loan workouts. Estimated savings related to rescissions are the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings related to loan modifications and other cure related loss mitigation actions represent the reduction in carried loss reserves. Estimated savings related to claims mitigation activities represent amounts deducted or “curtailed” from claims due to acts or omissions by the servicer with respect to the servicing of an insured loan that is not in compliance with obligations under our master policy. For non-cure related actions, including pre-sales, the estimated savings represent the difference between the full claim obligation and the actual amount paid.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Loss Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Paid Claims
Flow
Direct	$	253		$	260		$	272		$	295		$	283		$	1,110
Assumed⁽¹⁾		13			17			19			23			20			79
Ceded		(17	)		(19	)		(25	)		(55	)		(39	)		(138	)
Loss adjustment expenses		6			8			7			7			9			31

Total Flow		255			266			273			270			273			1,082
Bulk		3			3			3			6			4			16

Total Primary		258			269			276			276			277			1,098
Pool		1			2			1			2			2			7

Total Paid Claims	$	259		$	271		$	277		$	278		$	279		$	1,105

Average Paid Claim (in thousands)	$	44.2		$	43.7		$	41.1		$	38.3		$	43.6

Average Direct Paid Claim (in thousands)⁽²⁾	$	43.5		$	43.2		$	41.7		$	42.5		$	42.7

Average Reserve Per Delinquency (in thousands)
Flow	$	29.8		$	29.7		$	30.0		$	30.6		$	30.6
Bulk loans with established reserve		21.9			25.1			24.3			25.0			24.1
Bulk loans with no reserve⁽³⁾		—			—			—			—			—

Reserves:
Flow direct case	$	1,566		$	1,728		$	1,835		$	1,954		$	2,087
Bulk direct case		33			33			33			32			34
Assumed⁽¹⁾		57			65			50			53			60
All other⁽⁴⁾		164			183			196			195			200

Total Reserves	$	1,820		$	2,009		$	2,114		$	2,234		$	2,381


Beginning Reserves	$	2,009		$	2,114		$	2,234		$	2,381		$	2,488		$	2,488
Paid claims		(276	)		(290	)		(302	)		(333	)		(318	)		(1,243	)
Increase in reserves		87			185			182			186			211			764

Ending Reserves	$	1,820		$	2,009		$	2,114		$	2,234		$	2,381		$	2,009


Beginning Reinsurance Recoverable⁽⁵⁾	$	80		$	94		$	111		$	153		$	178		$	178
Ceded paid claims		(17	)		(19	)		(25	)		(55	)		(39	)		(138	)
Increase in recoverable		3			5			8			13			14			40

Ending Reinsurance Recoverable	$	66		$	80		$	94		$	111		$	153		$	80

Loss Ratio⁽⁶⁾		62	%		130	%		127	%		127	%		146	%		132	%

The	loss ratio included above was calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

⁽¹⁾	Assumed is comprised of reinsurance arrangements with state governmental housing finance agencies.

⁽²⁾	Average direct paid claim excludes loss adjustment expenses, the impact of reinsurance and a negotiated servicer settlement.

⁽³⁾	Reserves were not established on loans where the company was in a secondary loss position due to an existing deductible and the company believes currently have no risk for claim.

⁽⁴⁾	Other includes loss adjustment expenses, pool and incurred but not reported reserves.

⁽⁵⁾	Reinsurance recoverable excludes ceded unearned premium recoveries and amounts for which cash proceeds have not yet been received.

⁽⁶⁾

The ratio of incurred losses to net earned premiums. Excluding the lender portfolio settlement in the first quarter of 2012, the loss ratio was 139% for the three months ended March 31, 2012, 133% for the six months ended June 30, 2012, 131% for the nine months ended September 30, 2012 and 131% for the twelve months ended December 31,2012.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Delinquency Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Number of Primary Delinquencies
Flow		59,789			66,340			69,174			71,878			76,478
Bulk loans with an established reserve		1,603			1,415			1,441			1,381			1,522
Bulk loans with no reserve⁽¹⁾		1,412			1,484			1,512			1,424			1,474

Total Number of Primary Delinquencies		62,804			69,239			72,127			74,683			79,474


Beginning Number of Primary Delinquencies		69,239			72,127			74,683			79,474			87,007			87,007
New delinquencies		15,060			16,871			17,733			16,703			18,217			69,524
Delinquency cures		(15,677	)		(13,592	)		(13,598	)		(14,251	)		(19,388	)		(60,829	)
Paid claims		(5,818	)		(6,167	)		(6,691	)		(7,243	)		(6,362	)		(26,463	)

Ending Number of Primary Delinquencies		62,804			69,239			72,127			74,683			79,474			69,239

Composition of Cures
Reported delinquent and cured-intraquarter		3,519			2,557			2,882			2,354			3,582
Number of missed payments delinquent prior to cure:
3 payments or less		8,125			7,120			6,289			7,399			10,154
4 - 11 payments		2,856			2,516			2,965			3,371			3,569
12 payments or more		1,177			1,399			1,462			1,127			2,083

Total		15,677			13,592			13,598			14,251			19,388

Primary Delinquencies by Missed Payment Status
3 payments or less		14,674			17,563			17,684			16,708			17,260
4 - 11 payments		16,804			18,155			18,713			20,830			24,137
12 payments or more		31,326			33,521			35,730			37,145			38,077

Primary Delinquencies		62,804			69,239			72,127			74,683			79,474



	March 31, 2013
Flow Delinquencies and Percentage Reserved by Payment Status	Delinquencies			Direct Case Reserves⁽²⁾			Risk In-Force			Reserves as % of Risk In-Force
3 payments or less in default		13,901		$	131		$	555			24	%
4 - 11 payments in default		16,146			422			690			61	%
12 payments or more in default		29,742			1,013			1,448			70	%

Total		59,789		$	1,566		$	2,693			58	%


	December 31, 2012
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		16,977		$	150		$	668			22	%
4 - 11 payments in default		17,398			441			749			59	%
12 payments or more in default		31,965			1,137			1,562			73	%

Total		66,340		$	1,728		$	2,979			58	%

⁽¹⁾	Reserves were not established on loans where the company was in a secondary loss position due to an existing deductible and the company believes currently have no risk for claim.

⁽²⁾	Direct flow case reserves exclude loss adjustment expenses, incurred but not reported and reinsurance reserves.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment


	2013			2012
	1Q			4Q			3Q			2Q			1Q
Risk In-Force by Credit Quality⁽¹⁾
Primary by FICO Scores >679		76	%		75	%		74	%		73	%		72	%
Primary by FICO Scores 620-679		19	%		20	%		21	%		22	%		23	%
Primary by FICO Scores 575-619		4	%		4	%		4	%		4	%		4	%
Primary by FICO Scores <575		1	%		1	%		1	%		1	%		1	%

Flow by FICO Scores >679		76	%		75	%		74	%		73	%		72	%
Flow by FICO Scores 620-679		19	%		20	%		21	%		22	%		23	%
Flow by FICO Scores 575-619		4	%		4	%		4	%		4	%		4	%
Flow by FICO Scores <575		1	%		1	%		1	%		1	%		1	%

Bulk by FICO Scores >679		89	%		89	%		89	%		89	%		89	%
Bulk by FICO Scores 620-679		9	%		9	%		9	%		9	%		9	%
Bulk by FICO Scores 575-619		1	%		1	%		1	%		1	%		1	%
Bulk by FICO Scores <575		1	%		1	%		1	%		1	%		1	%

Primary A minus		4	%		4	%		4	%		4	%		4	%
Primary sub-prime⁽²⁾		3	%		3	%		3	%		3	%		3	%

Primary Loans
Primary loans in-force		649,570			658,527			669,618			679,817			693,807
Primary delinquent loans		62,804			69,239			72,127			74,683			79,474
Primary delinquency rate		9.67	%		10.51	%		10.77	%		10.99	%		11.45	%

Flow loans in-force		590,051			595,348			601,851			607,133			616,623
Flow delinquent loans		59,789			66,340			69,174			71,878			76,478
Flow delinquency rate		10.13	%		11.14	%		11.49	%		11.84	%		12.40	%

Bulk loans in-force		59,519			63,179			67,767			72,684			77,184
Bulk delinquent loans		3,015			2,899			2,953			2,805			2,996
Bulk delinquency rate		5.07	%		4.59	%		4.36	%		3.86	%		3.88	%

A minus and sub-prime loans in-force		44,873			46,631			48,696			50,676			52,625
A minus and sub-prime delinquent loans		11,484			12,817			13,149			13,534			14,258
A minus and sub-prime delinquency rate		25.59	%		27.49	%		27.00	%		26.71	%		27.09	%

Pool Loans
Pool loans in-force		12,558			12,949			13,237			13,562			13,942
Pool delinquent loans		674			721			670			679			695
Pool delinquency rate		5.37	%		5.57	%		5.06	%		5.01	%		4.98	%

⁽¹⁾	Loans with unknown FICO scores are included in the 620-679 category.

⁽²⁾	Excludes loans classified as A minus.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment


	March 31, 2013									December 31, 2012									March 31, 2012
	% of Total Reserves⁽¹⁾			% of Primary Risk In-Force			Primary Delinquency Rate			% of Total Reserves⁽¹⁾			% of Primary Risk In-Force			Primary Delinquency Rate			% of Total Reserves⁽¹⁾			% of Primary Risk In-Force			Primary Delinquency Rate
By Region
Southeast⁽²⁾		34	%		21	%		13.46	%		35	%		21	%		14.69	%		35	%		22	%		16.25	%
South Central⁽³⁾		9			16			6.79	%		9			15			7.71	%		11			16			9.18	%
Northeast⁽⁴⁾		16			15			12.73	%		16			15			13.32	%		13			15			12.38	%
Pacific⁽⁵⁾		13			12			8.73	%		12			12			9.72	%		12			11			11.64	%
North Central⁽⁶⁾		11			11			8.99	%		11			12			9.81	%		12			12			11.18	%
Great Lakes⁽⁷⁾		6			9			7.17	%		6			9			7.78	%		7			9			8.48	%
New England⁽⁸⁾		4			6			9.12	%		4			6			9.63	%		3			5			10.18	%
Mid-Atlantic⁽⁹⁾		4			5			9.41	%		4			5			9.87	%		4			5			10.04	%
Plains⁽¹⁰⁾		3			5			5.99	%		3			5			6.62	%		3			5			7.21	%

Total		100	%		100	%		9.67	%		100	%		100	%		10.51	%		100	%		100	%		11.45	%


By State
Florida		23	%		7	%		24.46	%		25	%		7	%		26.24	%		24	%		7	%		28.71	%
Texas		3	%		7	%		6.03	%		3	%		7	%		6.86	%		3	%		7	%		7.43	%
New York		7	%		7	%		11.54	%		7	%		7	%		11.85	%		5	%		7	%		10.43	%
California		5	%		6	%		6.26	%		5	%		6	%		7.25	%		6	%		6	%		9.68	%
Illinois		8	%		5	%		13.02	%		8	%		5	%		14.29	%		8	%		5	%		16.08	%
New Jersey		6	%		4	%		18.53	%		6	%		4	%		19.44	%		5	%		4	%		18.98	%
Pennsylvania		3	%		4	%		10.42	%		3	%		4	%		11.23	%		2	%		4	%		10.86	%
North Carolina		3	%		4	%		9.24	%		3	%		4	%		9.99	%		3	%		4	%		10.97	%
Georgia		3	%		4	%		10.63	%		3	%		4	%		11.88	%		4	%		4	%		13.78	%
Ohio		2	%		3	%		7.51	%		2	%		3	%		8.03	%		2	%		3	%		8.47	%

⁽¹⁾	Total reserves were $1,820 million, $2,009 million and $2,381 million as of March 31, 2013, December 31, 2012 and March 31, 2012, respectively.

⁽²⁾	Alabama, Arkansas, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

⁽³⁾	Arizona, Colorado, Louisiana, New Mexico, Oklahoma, Texas and Utah.

⁽⁴⁾	New Jersey, New York and Pennsylvania.

⁽⁵⁾	Alaska, California, Hawaii, Nevada, Oregon and Washington.

⁽⁶⁾	Illinois, Minnesota, Missouri and Wisconsin.

⁽⁷⁾	Indiana, Kentucky, Michigan and Ohio.

⁽⁸⁾	Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

⁽⁹⁾	Delaware, Maryland, Virginia, Washington D.C. and West Virginia.

⁽¹⁰⁾	Idaho, Iowa, Kansas, Montana, Nebraska, North Dakota, South Dakota and Wyoming.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(amounts in millions)


	March 31, 2013					December 31, 2012					March 31, 2012
	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)	$	26,111		9.67	%	$	26,207		10.51	%	$	26,657			11.45	%
Top 10 lenders		12,720		11.54	%		12,835		12.69	%		13,023			14.24	%
Top 20 lenders		14,408		11.17	%		14,521		12.40	%		14,997			13.83	%

Loan-to-value ratio
95.01% and above	$	7,340		11.78	%	$	7,238		13.19	%	$	6,803			15.33	%
90.01% to 95.00%		9,258		9.23	%		9,297		10.00	%		9,416			11.00	%
80.01% to 90.00%		9,084		9.77	%		9,242		10.57	%		9,987			11.52	%
80.00% and below		429		3.62	%		430		3.54	%		451			2.76	%

Total	$	26,111		9.67	%	$	26,207		10.51	%	$	26,657			11.45	%

Loan grade
Prime	$	24,490		8.49	%	$	24,527		9.22	%	$	24,770	⁽¹⁾		10.17	%⁽¹⁾
A minus and sub-prime		1,621		25.59	%		1,680		27.49	%		1,887	⁽¹⁾		27.09	%⁽¹⁾

Total	$	26,111		9.67	%	$	26,207		10.51	%	$	26,657	⁽¹⁾		11.45	%⁽¹⁾

Loan type⁽²⁾
First mortgages
Fixed rate mortgage
Flow	$	25,228		9.89	%	$	25,293		10.89	%	$	25,638			12.13	%
Bulk		467		4.86	%		473		4.43	%		501			3.70	%
Adjustable rate mortgage
Flow		398		28.54	%		423		29.60	%		499			30.00	%
Bulk		18		14.17	%		18		11.74	%		19			12.80	%
Second mortgages		—		—			—		—	%		—			—	%

Total	$	26,111		9.67	%	$	26,207		10.51	%	$	26,657			11.45	%

Type of documentation
Alt-A
Flow	$	559		33.09	%	$	593		33.93	%	$	713			33.75	%
Bulk		34		6.29	%		35		6.24	%		37			5.53	%
Standard⁽³⁾
Flow		25,067		9.69	%		25,123		10.67	%		25,424			11.89	%
Bulk		451		4.89	%		456		4.36	%		483			3.66	%

Total	$	26,111		9.67	%	$	26,207		10.51	%	$	26,657			11.45	%

Mortgage term
15 years and under	$	899		1.18	%	$	816		1.27	%	$	581			1.59	%
More than 15 years		25,212		10.29	%		25,391		11.16	%		26,076			12.05	%

Total	$	26,111		9.67	%	$	26,207		10.51	%	$	26,657			11.45	%

⁽¹⁾	In fourth quarter 2012, all FICO score classifications were conformed to be based upon FICO scores at loan closing. Previously, certain classifications were based upon FICO scores at a point in time post-loan closing. All prior periods were re-presented to conform to this modified classification.

⁽²⁾	For loan type in this table, any loan with an interest rate that is fixed for an initial term of five years or more is categorized as a fixed rate mortgage.

⁽³⁾

Standard includes loans with reduced or different documentation requirements that meet specifications of GSE or other lender proprietary approved underwriting systems, and other reduced documentation programs, with historical and expected delinquency rates at origination consistent with historical and expected delinquency rates of the company's standard portfolio.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	March 31, 2013
Policy Year	Average Rate⁽¹⁾			% of Total Reserves⁽²⁾			Primary Insurance In-Force			% of Total			Primary Risk In-Force		% of Total			Deliquency Rate
2002 and prior		7.30	%		4.0	%	$	3,117			2.9	%	$	775		3.0	%		15.31	%
2003		5.60	%		4.3			5,387			4.9			900		3.4			9.22
2004		5.82	%		5.4			3,772			3.4			880		3.4			13.28
2005		5.83	%		12.8			6,942			6.4			1,817		6.9			15.94
2006		6.19	%		18.2			9,654			8.8			2,419		9.3			17.15
2007		6.17	%		36.9			22,142			20.3			5,509		21.1			16.22
2008		5.72	%		17.4			20,242			18.5			5,078		19.4			8.85
2009		5.04	%		0.4			4,451			4.1			915		3.5			1.37
2010		4.68	%		0.3			5,748			5.3			1,286		4.9			0.76
2011		4.44	%		0.2			7,528			6.9			1,774		6.8			0.43
2012		3.75	%		0.1			15,540			14.2			3,671		14.1			0.09
2013		3.51	%		—			4,727			4.3			1,087		4.2			0.02

Total		5.48	%		100.0	%	$	109,250			100.0	%	$	26,111		100.0	%		9.67	%


	March 31, 2013						December 31, 2012
Occupancy and Property Type	% of Primary Risk In-Force			Deliquency Rate			% of Primary Risk In-Force			Deliquency Rate
Occupancy Status
Primary residence		94.2	%		9.60	%		94.2	%		10.44	%
Second home		3.3			10.22	%		3.4			11.04	%
Non-owner occupied		2.5			10.93	%		2.4			11.90	%

Total		100.0	%		9.67	%		100.0	%		10.51	%

Property Type
Single family detached		87.2	%		9.30	%		86.9	%		10.16	%
Condominium and co-operative		10.9			11.51	%		11.1			12.34	%
Multi-family and other		1.9			15.74	%		2.0			16.11	%

Total		100.0	%		9.67	%		100.0	%		10.51	%

⁽¹⁾	Average Annual Mortgage Interest Rate

⁽²⁾	Total reserves were $1,820 million as of March 31, 2013.

Corporate and Other Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Loss—Corporate and Other Division

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	166		$	166		$	165		$	176		$	180		$	687
Net investment income		69			75			69			88			74			306
Net investment gains (losses)		(52	)		(6	)		2			(23	)		10			(17	)
Insurance and investment product fees and other		100			92			88			75			75			330

Total revenues		283			327			324			316			339			1,306

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		43			51			39			55			42			187
Interest credited		32			32			33			34			33			132
Acquisition and operating expenses, net of deferrals		179			194			171			176			178			719
Amortization of deferred acquisition costs and intangibles		18			51			48			47			30			176
Goodwill Impairment		—			—			89			—			—			89
Interest expense		94			89			93			99			73			354

Total benefits and expenses		366			417			473			411			356			1,657

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(83	)		(90	)		(149	)		(95	)		(17	)		(351	)
Benefit for income taxes		(26	)		(33	)		(31	)		(33	)		(13	)		(110	)

LOSS FROM CONTINUING OPERATIONS		(57	)		(57	)		(118	)		(62	)		(4	)		(241	)
Income (loss) from discontinued operations, net of taxes		(20	)		6			12			27			12			57

NET INCOME (LOSS)		(77	)		(51	)		(106	)		(35	)		8			(184	)

ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		21			8			—			14			(6	)		16
Goodwill impairment, net of taxes		—			—			86			—			—			86
(Income) loss from discontinued operations, net of taxes		20			(6	)		(12	)		(27	)		(12	)		(57	)

NET OPERATING LOSS	$	(36	)	$	(49	)	$	(32	)	$	(48	)	$	(10	)	$	(139	)


Effective tax rate (operating income)		28.2	%		36.6	%		45.2	%		57.5	%		63.6	%		49.6	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income (Loss)—Corporate and Other Division

(amounts in millions)


Three months ended March 31, 2013	International Protection Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	165		$	1		$	—		$	166
Net investment income		33			34			2			69
Net investment gains (losses)		6			(48	)		(10	)		(52	)
Insurance and investment product fees and other		1			56			43			100

Total revenues		205			43			35			283

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39			4			—			43
Interest credited		—			32			—			32
Acquisition and operating expenses, net of deferrals		110			20			49			179
Amortization of deferred acquisition costs and intangibles		28			(13	)		3			18
Interest expense		14			—			80			94

Total benefits and expenses		191			43			132			366

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		14			—			(97	)		(83	)
Provision (benefit) for income taxes		4			3			(33	)		(26	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		10			(3	)		(64	)		(57	)
Income (loss) from discontinued operations, net of taxes		—			—			(20	)		(20	)

NET INCOME (LOSS)		10			(3	)		(84	)		(77	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(4	)		19			6			21
(Income) loss from discontinued operations, net of taxes		—			—			20			20

NET OPERATING INCOME (LOSS)	$	6		$	16		$	(58	)	$	(36	)


Effective tax rate (operating income (loss))		27.4	%		44.8	%		33.5	%		28.2	%

Three months ended March 31, 2012	International Protection Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	179		$	1		$	—		$	180
Net investment income		36			38			—			74
Net investment gains (losses)		1			42			(33	)		10
Insurance and investment product fees and other		2			52			21			75

Total revenues		218			133			(12	)		339

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		41			1			—			42
Interest credited		—			33			—			33
Acquisition and operating expenses, net of deferrals		127			19			32			178
Amortization of deferred acquisition costs and intangibles		31			(4	)		3			30
Interest expense		11			—			62			73

Total benefits and expenses		210			49			97			356

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		8			84			(109	)		(17	)
Provision (benefit) for income taxes		2			22			(37	)		(13	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		6			62			(72	)		(4	)
Income (loss) from discontinued operations, net of taxes		—			—			12			12

NET INCOME (LOSS)		6			62			(60	)		8
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(1	)		(27	)		22			(6	)
(Income) loss from discontinued operations, net of taxes		—			—			(12	)		(12	)

NET OPERATING INCOME (LOSS)	$	5		$	35		$	(50	)	$	(10	)



Effective tax rate (operating income (loss))		23.1	%		16.9	%		34.1	%		63.6	%

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

International Protection Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income and Sales—International Protection Segment

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	165		$	165		$	164		$	174		$	179		$	682
Net investment income		33			27			32			36			36			131
Net investment gains (losses)		6			3			1			1			1			6
Insurance and investment product fees and other		1			—			1			—			2			3

Total revenues		205			195			198			211			218			822

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39			38			30			41			41			150
Interest credited		—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		110			113			117			126			127			483
Amortization of deferred acquisition costs and intangibles		28			28			27			27			31			113
Goodwill impairment		—			—			89			—			—			89
Interest expense		14			9			11			14			11			45

Total benefits and expenses		191			188			274			208			210			880

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		14			7			(76	)		3			8			(58	)
Provision (benefit) for income taxes		4			(2	)		1			—			2			1

INCOME (LOSS) FROM CONTINUING OPERATIONS		10			9			(77	)		3			6			(59	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(4	)		(1	)		(1	)		—			(1	)		(3	)
Goodwill impairment, net of taxes		—			—			86			—			—			86

NET OPERATING INCOME⁽¹⁾	$	6		$	8		$	8		$	3		$	5		$	24



Effective tax rate (operating income)		27.4	%		-46.6	%		32.8	%		-5.8	%		23.1	%		9.4	%

SALES:
Lifestyle Protection Insurance
Traditional indemnity premiums	$	235		$	211		$	212		$	246		$	228		$	897
Premium equivalents for administrative services only business		3			2			2			2			2			8
Reinsurance premiums assumed accounted for under the deposit method		157			165			152			169			149			635

Total Sales⁽²⁾	$	395		$	378		$	366		$	417		$	379		$	1,540

SALES BY REGION:
Lifestyle Protection Insurance
Northern Europe	$	150		$	146		$	145		$	151		$	141		$	583
Southern Europe		119			114			110			141			134			499
Latin America		3			4			4			5			7			20
Structured Deals⁽³⁾		104			105			103			113			93			414
Other		19			9			4			7			4			24

Total Sales	$	395		$	378		$	366		$	417		$	379		$	1,540


Net Premiums Written
Northern Europe	$	106		$	107		$	107		$	111		$	104		$	429
Southern Europe		78			72			70			87			87			316
Structured Deals⁽³⁾		28			32			31			40			19			122
New Markets		21			11			7			7			6			31

Pre-Deposit Accounting Basis⁽⁴⁾		233			222			215			245			216			898

Deposit Accounting Adjustments		80			72			67			85			55			279

Total⁽⁵⁾	$	153		$	150		$	148		$	160		$	161		$	619



Loss Ratio		24	%		23	%		18	%		24	%		23	%		22	%

The	loss ratio included above was calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

⁽¹⁾	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $5 million for the three months ended March 31, 2013.

⁽²⁾	Sales adjusted for foreign exchange as compared to the prior year period for the International Protection segment were $385 million for the three months ended March 31, 2013.

⁽³⁾	Structured deals represent in-force blocks of business acquired through reinsurance arrangements and ongoing reciprocal arrangements in place with certain clients.

⁽⁴⁾

This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the net premiums written activity as if these reinsurance agreements, except for our reciprocal arrangements, were accounted for as reinsurance accounting ("pre-deposit accounting basis") and not as deposit accounting.

⁽⁵⁾	Net premiums written adjusted for foreign exchange as compared to the prior year period for the International Protection segment were $148 million for the three months ended March 31, 2013.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income (Pre-Deposit Accounting Basis)—International Protection Segment

(amounts in millions)


	1Q 2013
	Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis
REVENUES:
Premiums	$	165		$	62		$	227
Net investment income		33			(11	)		22
Net investment gains (losses)		6			—			6
Insurance and investment product fees and other		1			—			1

Total revenues		205			51			256

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39			33			72
Interest credited		—			—			—
Acquisition and operating expenses, net of deferrals		110			9			119
Amortization of deferred acquisition costs and intangibles		28			14			42
Interest expense		14			(5	)		9

Total benefits and expenses		191			51			242

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		14			—			14
Provision for income taxes		4			—			4

INCOME FROM CONTINUING OPERATIONS		10			—			10

ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(4	)		—			(4	)

NET OPERATING INCOME⁽¹⁾	$	6		$	—		$	6

Effective tax rate (operating income)		27.4	%					27.4	%

Other Metrics:
Premiums	$	165		$	62		$	227
Benefits and other changes in policy reserves		39			33			72
Commissions⁽²⁾		80			12			92

Margin before profit sharing		46			17			63
Profit share⁽²⁾		18			11			29

Underwriting profit⁽³⁾	$	28		$	6		$	34

Loss Ratio		24	%					32	%

Underwriting Margin⁽³⁾		17	%					15	%

Combined Ratio⁽⁴⁾		107	%					103	%

This page is provided as supplemental analysis related to the lifestyle protection insurance business. This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the income statement activity as if these reinsurance agreements, except for our reciprocal arrangements, were accounted for as reinsurance accounting (“pre-deposit accounting basis”) and not as deposit accounting. There is no impact on net income available to Genworth Financial, Inc.’s common stockholders or to segment net operating income.

The ratios included above were calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

⁽¹⁾	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $5 million for the three months ended March 31, 2013.

⁽²⁾	Commissions include commissions which are included above in acquisition and operating expenses, net of deferrals, and amortization of DAC.

⁽³⁾	The underwriting margin is calculated as underwriting profit divided by net earned premiums.

⁽⁴⁾	The combined ratio is calculated as benefits and other changes in policy reserves, commissions (including amortization of DAC), profit share and other operating expenses divided by net earned premiums.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income (Pre-Deposit Accounting Basis)—International Protection Segment

(amounts in millions)


	4Q 2012									3Q 2012									2Q 2012									1Q 2012									Total 2012
	Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis
REVENUES:
Premiums	$	165		$	50		$	215		$	164		$	47		$	211		$	174		$	56		$	230		$	179		$	55		$	234		$	682		$	208		$	890
Net investment income		27			(5	)		22			32			(9	)		23			36			(12	)		24			36			(13	)		23			131			(39	)		92
Net investment gains (losses)		3			—			3			1			—			1			1			—			1			1			—			1			6			—			6
Insurance and investment product fees and other		—			—			—			1			—			1			—			—			—			2			—			2			3			—			3

Total revenues		195			45			240			198			38			236			211			44			255			218			42			260			822			169			991

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		38			20			58			30			15			45			41			20			61			41			15			56			150			70			220
Interest credited		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		113			12			125			117			14			131			126			15			141			127			17			144			483			58			541
Amortization of deferred acquisition costs and intangibles		28			13			41			27			11			38			27			13			40			31			14			45			113			51			164
Goodwill impairment		—			—			—			89			—			89			—			—			—			—			—			—			89			—			89
Interest expense		9			—			9			11			(2	)		9			14			(4	)		10			11			(4	)		7			45			(10	)		35

Total benefits and expenses		188			45			233			274			38			312			208			44			252			210			42			252			880			169			1,049

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		7			—			7			(76	)		—			(76	)		3			—			3			8			—			8			(58	)		—			(58	)
Provision (benefit) for income taxes		(2	)		—			(2	)		1			—			1			—			—			—			2			—			2			1			—			1

INCOME (LOSS) FROM CONTINUING OPERATIONS		9			—			9			(77	)		—			(77	)		3			—			3			6			—			6			(59	)		—			(59	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		—			(1	)		(1	)		—			(1	)		—			—			—			(1	)		—			(1	)		(3	)		—			(3	)
Goodwill impairment, net of taxes		—			—			—			86			—			86			—			—			—			—			—			—			86			—			86

NET OPERATING INCOME	$	8		$	—		$	8		$	8		$	—		$	8		$	3		$	—		$	3		$	5		$	—		$	5		$	24		$	—		$	24

Effective tax rate (operating income)		-46.6	%					-46.6	%		32.8	%					32.8	%		-5.8	%					-5.8	%		23.1	%					23.1	%		9.4	%					9.4	%

Other Metrics:
Premiums	$	165		$	50		$	215		$	164		$	47		$	211		$	174		$	56		$	230		$	179		$	55		$	234		$	682		$	208		$	890
Benefits and other changes in policy reserves		38			20			58			30			15			45			41			20			61			41			15			56			150			70			220
Commissions⁽¹⁾		80			9			89			79			12			91			83			13			96			85			14			99			327			48			375

Margin before profit sharing		47			21			68			55			20			75			50			23			73			53			26			79			205			90			295
Profit share⁽¹⁾		20			14			34			24			15			39			27			14			41			27			17			44			98			60			158

Underwriting profit	$	27		$	7		$	34		$	31		$	5		$	36		$	23		$	9		$	32		$	26		$	9		$	35		$	107		$	30		$	137

Loss Ratio		23	%					27	%		18	%					21	%		24	%					27	%		23	%					23	%		22	%					25	%

Underwriting Margin⁽²⁾		17	%					16	%		19	%					17	%		14	%					14	%		14	%					15	%		16	%					15	%

Combined Ratio⁽³⁾		108	%					104	%		160	%					144	%		111	%					105	%		111	%					105	%		122	%					114	%

The ratios included above were calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

⁽¹⁾	Commissions include commissions which are included above in acquisition and operating expenses, net of deferrals, and amortization of DAC.

⁽²⁾	The underwriting margin is calculated as underwriting profit divided by net earned premiums.

⁽³⁾	The combined ratio is calculated as benefits and other changes in policy reserves, commissions (including amortization of DAC), profit share and other operating expenses divided by net earned premiums.

Runoff Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Income (Loss)—Runoff Segment

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	1		$	1		$	1		$	2		$	1		$	5
Net investment income		34			37			34			36			38			145
Net investment gains (losses)		(48	)		2			5			(25	)		42			24
Insurance and investment product fees and other		56			52			52			51			52			207

Total revenues		43			92			92			64			133			381

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		4			13			9			14			1			37
Interest credited		32			32			33			34			33			132
Acquisition and operating expenses, net of deferrals		20			21			18			21			19			79
Amortization of deferred acquisition costs and intangibles		(13	)		20			18			17			(4	)		51
Interest expense		—			—			—			1			—			1

Total benefits and expenses		43			86			78			87			49			300

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		—			6			14			(23	)		84			81
Provision (benefit) for income taxes		3			—			3			(2	)		22			23

INCOME (LOSS) FROM CONTINUING OPERATIONS		(3	)		6			11			(21	)		62			58
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		19			2			(2	)		15			(27	)		(12	)

NET OPERATING INCOME (LOSS)	$	16		$	8		$	9		$	(6	)	$	35		$	46


Effective tax rate (operating income (loss))		44.8	%		18.4	%		19.0	%		NM	⁽¹⁾		16.9	%		27.1	%

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Selected Operating Performance Measures—Runoff Segment

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Variable Annuities—Income Distribution Series
Account value, beginning of the period	$	6,141		$	6,261		$	6,229		$	6,398		$	6,265		$	6,265
Deposits		20			22			17			20			26			85
Surrenders, benefits and product charges		(173	)		(184	)		(184	)		(168	)		(174	)		(710	)

Net flows		(153	)		(162	)		(167	)		(148	)		(148	)		(625	)
Interest credited and investment performance		214			42			199			(21	)		281			501

Account value, end of the period		6,202			6,141			6,261			6,229			6,398			6,141

Traditional Variable Annuities
Account value, net of reinsurance, beginning of the period		1,662			1,715			1,703			1,819			1,766			1,766
Deposits		3			3			4			3			3			13
Surrenders, benefits and product charges		(81	)		(84	)		(72	)		(81	)		(89	)		(326	)

Net flows		(78	)		(81	)		(68	)		(78	)		(86	)		(313	)
Interest credited and investment performance		90			28			80			(38	)		139			209

Account value, net of reinsurance, end of the period		1,674			1,662			1,715			1,703			1,819			1,662

Variable Life Insurance
Account value, beginning of the period		292			294			293			305			284			284
Deposits		2			2			2			2			3			9
Surrenders, benefits and product charges		(9	)		(9	)		(12	)		(10	)		(8	)		(39	)

Net flows		(7	)		(7	)		(10	)		(8	)		(5	)		(30	)
Interest credited and investment performance		16			5			11			(4	)		26			38

Account value, end of the period		301			292			294			293			305			292

Total	$	8,177		$	8,095		$	8,270		$	8,225		$	8,522		$	8,095


Guaranteed Investment Contracts, Funding Agreements Backing Notes and Funding Agreements:
Account value, beginning of period	$	2,153		$	2,297		$	2,221		$	2,594		$	2,623		$	2,623
Deposits		—			—			84			—			—			84
Surrenders and benefits		(167	)		(164	)		(26	)		(385	)		(55	)		(630	)

Net flows		(167	)		(164	)		58			(385	)		(55	)		(546	)
Interest credited		15			17			17			18			21			73
Foreign currency translation		(31	)		3			1			(6	)		5			3

Account value, end of period	$	1,970		$	2,153		$	2,297		$	2,221		$	2,594		$	2,153

Corporate and Other

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Operating Loss and Assets Under Management—Corporate and Other⁽¹⁾

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		2			11			3			16			—			30
Net investment gains (losses)		(10	)		(11	)		(4	)		1			(33	)		(47	)
Insurance and investment product fees and other		43			40			35			24			21			120

Total revenues		35			40			34			41			(12	)		103

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—
Interest credited		—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		49			60			36			29			32			157
Amortization of deferred acquisition costs and intangibles		3			3			3			3			3			12
Interest expense		80			80			82			84			62			308

Total benefits and expenses		132			143			121			116			97			477

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(97	)		(103	)		(87	)		(75	)		(109	)		(374	)
Benefit for income taxes		(33	)		(31	)		(35	)		(31	)		(37	)		(134	)

LOSS FROM CONTINUING OPERATIONS		(64	)		(72	)		(52	)		(44	)		(72	)		(240	)
Income (loss) from discontinued operations, net of taxes⁽²⁾		(20	)		6			12			27			12			57

NET LOSS		(84	)		(66	)		(40	)		(17	)		(60	)		(183	)
ADJUSTMENTS TO NET LOSS:
Net investment (gains) losses, net of taxes and other adjustments		6			7			3			(1	)		22			31
(Income) loss from discontinued operations, net of taxes		20			(6	)		(12	)		(27	)		(12	)		(57	)

NET OPERATING LOSS	$	(58	)	$	(65	)	$	(49	)	$	(45	)	$	(50	)	$	(209	)


Effective tax rate (operating loss)		33.5	%		29.8	%		40.0	%		41.7	%		34.1	%		36.2	%

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

⁽²⁾	Operating results of the wealth management business presented as discontinued operations were as follows:


	2013			2012
	1Q			4Q		3Q		2Q			1Q			Total
REVENUES:
Net investment gains (losses)	$	—		$	—	$	—	$	(2	)	$	(1	)	$	(3	)
Insurance and investment product fees and other		78			74		82		83			112			351

Total revenues		78			74		82		81			111			348

BENEFITS AND EXPENSES:
Acquisition and operating expenses, net of deferrals		66			58		62		62			90			272
Amortization of deferred acquisition costs and intangibles		1			1		2		1			1			5

Total benefits and expenses		67			59		64		63			91			277

INCOME BEFORE INCOME TAXES AND OTHER ITEMS		11			15		18		18			20			71
Provision for income taxes		4			7		6		6			8			27
Goodwill impairment and other gain (loss) from sale		27			2		—		(15	)		—			(13	)

NET INCOME (LOSS)	$	(20	)	$	6	$	12	$	27		$	12		$	57



Assets under management⁽³⁾	$	23,056		$	22,349	$	22,633	$	22,320		$	25,684		$	22,349

⁽³⁾	Assets under management for the wealth management business represent third-party assets under management that are not consolidated in the company's financial statements.

Additional Financial Data

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Investments Summary

(amounts in millions)


		March 31, 2013					December 31, 2012					September 30, 2012					June 30, 2012					March 31, 2012
		Carrying Amount		% of Total			Carrying Amount		% of Total			Carrying Amount		% of Total			Carrying Amount		% of Total			Carrying Amount		% of Total
Composition of Investment Portfolio
Fixed maturity securities:
Investment grade:
Public fixed maturity securities		$	36,577		48	%	$	37,207		48	%	$	37,335		48	%	$	35,553		46	%	$	34,598		46	%
Private fixed maturity securities			10,572		14			10,484		13			10,306		13			10,119		13			9,992		13
Residential mortgage-backed securities⁽¹⁾			5,551		7			5,532		7			5,489		7			5,377		7			5,250		7
Commercial mortgage-backed securities			2,731		4			2,947		4			2,902		4			2,900		4			2,987		4
Other asset-backed securities			2,572		3			2,583		3			2,685		3			2,531		3			2,396		3
Tax-exempt			270		—			294		—			302		—			310		1			341		1
Non-investment grade fixed maturity securities			2,809		4			3,114		4			3,195		4			3,001		4			2,968		4
Equity securities:
Common stocks and mutual funds			401		1			431		1			410		1			374		1			382		1
Preferred stocks			89		—			87		—			114		—			57		—			50		—
Commercial mortgage loans			5,866		8			5,872		8			5,861		8			5,875		8			6,030		8
Restricted commercial mortgage loans related to securitization entities			324		—			341		—			359		—			382		—			392		1
Policy loans			1,606		2			1,601		2			1,626		2			1,619		2			1,555		2
Cash, cash equivalents and short-term investments			4,104		5			3,897		5			3,854		5			4,130		5			4,369		6
Securities lending			183		—			187		—			181		—			175		—			93		—
Other invested assets:	Limited partnerships		326		1			339		—			344		—			357		—			352		—
	Derivatives:
	Long-term care (LTC) forward starting swap—cash flow		353		—			466		1			614		1			801		1			252		—
	Other cash flow		9		—			3		—			1		—			3		—			1		—
	Fair value		4		—			43		—			48		—			54		—			69		—
	Equity index options—non-qualified		17		—			25		—			24		—			31		—			21		—
	Other non-qualified		554		1			612		1			697		1			710		1			516		1
	Trading portfolio		468		1			556		1			680		1			742		1			770		1
	Counterparty collateral		615		1			840		1			1,010		1			1,218		2			589		1
	Restricted other invested assets related to securitization entities		399		—			393		1			393		1			391		1			384		1
	Other		146		—			157		—			173		—			135		—			121		—

Total invested assets and cash		$	76,546		100	%	$	78,011		100	%	$	78,603		100	%	$	76,845		100	%	$	74,478		100	%

Public Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation
AAA		$	17,050		36	%	$	17,372		36	%	$	17,864		37	%	$	17,055		37	%	$	16,612		37	%
AA			4,664		10			4,746		10			4,709		10			4,498		10			4,574		10
A			13,133		28			13,238		28			13,311		28			13,083		28			12,542		28
BBB			10,345		22			10,567		22			10,372		21			9,759		21			9,638		21
BB			1,260		3			1,296		3			1,280		3			1,205		3			1,173		3
B			135		—			147		—			145		—			160		—			150		—
CCC and lower			257		1			397		1			456		1			408		1			424		1

Total public fixed maturity securities		$	46,844		100	%	$	47,763		100	%	$	48,137		100	%	$	46,168		100	%	$	45,113		100	%

Private Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation
AAA		$	1,354		10	%	$	1,427		10	%	$	1,657		12	%	$	1,649		12	%	$	1,581		12	%
AA			1,462		10			1,521		11			1,349		10			1,170		9			1,122		8
A			4,419		31			4,338		30			4,164		29			4,238		31			4,290		32
BBB			5,846		41			5,838		41			5,593		40			5,338		39			5,205		39
BB			886		6			929		6			974		7			906		7			966		7
B			154		1			194		1			187		1			171		1			119		1
CCC and lower			117		1			151		1			153		1			151		1			136		1

Total private fixed maturity securities		$	14,238		100	%	$	14,398		100	%	$	14,077		100	%	$	13,623		100	%	$	13,419		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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Fixed Maturity Securities Summary

(amounts in millions)


	March 31, 2013					December 31, 2012					September 30, 2012					June 30, 2012					March 31, 2012
	Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total
Fixed Maturity Securities—Security Sector:
U.S. government, agencies and government-sponsored enterprises	$	5,381		9	%	$	5,491		9	%	$	5,503		9	%	$	4,985		8	%	$	4,574		8	%
Tax-exempt		270		0			294		1			302		1			310		1			341		—
Foreign government		2,345		4			2,422		4			2,574		4			2,505		4			2,291		4
U.S. corporate		25,936		43			26,105		42			26,306		42			25,545		43			25,207		43
Foreign corporate		15,540		25			15,792		25			15,368		25			14,585		24			14,442		25
Residential mortgage-backed securities		5,942		10			6,081		10			6,119		10			5,976		10			5,852		10
Commercial mortgage-backed securities		3,056		5			3,333		5			3,286		5			3,268		6			3,346		6
Other asset-backed securities		2,612		4			2,643		4			2,756		4			2,617		4			2,479		4

Total fixed maturity securities	$	61,082		100	%	$	62,161		100	%	$	62,214		100	%	$	59,791		100	%	$	58,532		100	%

Corporate Bond Holdings—Industry Sector:
Investment Grade:
Finance and insurance	$	7,746		20	%	$	7,820		20	%	$	8,063		20	%	$	8,028		21	%	$	8,138		21	%
Utilities and energy		9,438		24			9,432		24			9,265		23			8,965		23			8,752		23
Consumer—non-cyclical		4,979		13			5,027		13			5,065		13			4,917		13			4,778		13
Consumer—cyclical		2,217		6			2,272		6			2,222		6			2,249		6			2,183		6
Capital goods		2,460		6			2,515		6			2,515		6			2,413		6			2,345		6
Industrial		2,546		6			2,511		6			2,434		6			2,341		6			2,267		6
Technology and communications		2,916		7			2,966		7			2,792		7			2,629		7			2,630		7
Transportation		1,581		4			1,588		4			1,566		4			1,454		4			1,435		4
Other		5,650		14			5,793		14			5,786		15			5,322		14			5,331		14

Subtotal		39,533		100	%		39,924		100	%		39,708		100	%		38,318		100	%		37,859		100	%

Non-Investment Grade:
Finance and insurance		413		21	%		454		23	%		460		23	%		414		23	%		348		20	%
Utilities and energy		372		19			406		21			429		22			381		21			396		22
Consumer—non-cyclical		161		8			171		9			160		8			135		7			142		8
Consumer—cyclical		119		6			110		5			95		5			76		4			76		4
Capital goods		247		13			257		13			287		14			310		17			303		17
Industrial		322		17			318		16			290		15			269		15			280		16
Technology and communications		241		12			186		9			171		9			140		8			165		9
Transportation		53		3			55		3			58		3			59		3			60		3
Other		15		1			16		1			16		1			28		2			20		1

Subtotal		1,943		100	%		1,973		100	%		1,966		100	%		1,812		100	%		1,790		100	%

Total	$	41,476		100	%	$	41,897		100	%	$	41,674		100	%	$	40,130		100	%	$	39,649		100	%

Fixed Maturity Securities—Contractual Maturity Dates:
Due in one year or less	$	2,731		4	%	$	2,634		4	%	$	3,097		5	%	$	3,054		5	%	$	2,958		5	%
Due after one year through five years		10,997		18			11,139		18			11,162		18			10,765		18			11,183		19
Due after five years through ten years		12,243		20			12,266		20			12,009		19			11,569		19			11,066		19
Due after ten years		23,501		39			24,065		39			23,785		38			22,542		38			21,648		37

Subtotal		49,472		81			50,104		81			50,053		80			47,930		80			46,855		80
Mortgage and asset-backed securities		11,610		19			12,057		19			12,161		20			11,861		20			11,677		20

Total fixed maturity securities	$	61,082		100	%	$	62,161		100	%	$	62,214		100	%	$	59,791		100	%	$	58,532		100	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Commercial Mortgage Loans Summary

(amounts in millions)


	March 31, 2013						December 31, 2012						September 30, 2012						June 30, 2012						March 31, 2012
	Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total
Geographic Region
Pacific	$	1,582			27	%	$	1,553			26	%	$	1,526			26	%	$	1,486			25	%	$	1,504			25	%
South Atlantic		1,549			26			1,587			27			1,619			27			1,640			28			1,629			27
Middle Atlantic		750			13			739			13			710			12			715			12			750			12
Mountain		458			8			463			8			442			7			461			8			482			8
East North Central		451			8			468			8			513			9			528			9			544			9
West North Central		374			6			353			6			339			6			320			5			332			5
New England		341			6			343			6			342			6			344			6			385			6
West South Central		259			4			265			4			260			4			269			4			293			5
East South Central		140			2			141			2			152			3			155			3			157			3

Subtotal		5,904			100	%		5,912			100	%		5,903			100	%		5,918			100	%		6,076			100	%

Allowance for losses		(40	)					(42	)					(44	)					(46	)					(49	)
Unamortized fees and costs		2						2						2						3						3

Total	$	5,866					$	5,872					$	5,861					$	5,875					$	6,030

Property Type
Retail	$	1,953			33	%	$	1,895			32	%	$	1,882			32	%	$	1,899			32	%	$	1,907			31	%
Office		1,595			27			1,580			27			1,533			26			1,520			26			1,553			26
Industrial		1,584			27			1,603			27			1,633			27			1,623			27			1,688			28
Apartments		542			9			552			9			578			10			595			10			626			10
Mixed use/other		230			4			282			5			277			5			281			5			302			5

Subtotal		5,904			100	%		5,912			100	%		5,903			100	%		5,918			100	%		6,076			100	%

Allowance for losses		(40	)					(42	)					(44	)					(46	)					(49	)
Unamortized fees and costs		2						2						2						3						3

Total	$	5,866					$	5,872					$	5,861					$	5,875					$	6,030

Allowance for Losses on Commercial Mortgage Loans
Beginning balance	$	42					$	44					$	46					$	49					$	51
Provision		—						—						1						—						—
Release		(2	)					(2	)					(3	)					(3	)					(2	)

Ending balance	$	40					$	42					$	44					$	46					$	49

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Commercial Mortgage Loans Summary

(amounts in millions)


	March 31, 2013					December 31, 2012					September 30, 2012					June 30, 2012					March 31, 2012
Loan Size	Principal Balance		% of Total			Principal Balance		% of Total			Principal Balance		% of Total			Principal Balance		% of Total			Principal Balance		% of Total
Under $5 million	$	2,425		41	%	$	2,458		42	%	$	2,722		46	%	$	2,583		44	%	$	2,655		44	%
$5 million but less than $10 million		1,573		27			1,508		25			1,521		26			1,512		25			1,540		25
$10 million but less than $20 million		1,255		21			1,162		20			1,058		18			1,063		18			1,117		18
$20 million but less than $30 million		205		3			267		4			198		3			247		4			249		4
$30 million and over		446		8			517		9			404		7			513		9			515		9

Total	$	5,904		100	%	$	5,912		100	%	$	5,903		100	%	$	5,918		100	%	$	6,076		100	%

Commercial Mortgage Loan Information by Vintage as of March 31, 2013

(loan amounts in millions)


Loan Year	Total Recorded Investment⁽¹⁾		Number of Loans		Average Balance Per Loan		Loan-To-Value⁽²⁾			Delinquent Principal Balance		Number of Delinquent Loans		Average Balance Per Delinquent Loan
2004 and prior	$	1,224		592	$	2		47	%	$	4		1	$	4
2005		1,136		273	$	4		59	%		—		—	$	—
2006		1,112		261	$	4		66	%		11		4	$	3
2007		910		162	$	6		71	%		5		3	$	2
2008		258		56	$	5		71	%		3		1	$	3
2009		—		—	$	—		—	%		—		—	$	—
2010		97		17	$	6		57	%		—		—	$	—
2011		279		54	$	5		63	%		3		1	$	3
2012		685		97	$	7		66	%		—		—	$	—
2013		203		30	$	7		66	%		—		—	$	—

Total	$	5,904		1,542	$	4		61	%	$	26		10	$	3

⁽¹⁾	Total recorded investment reflects the balance sheet carrying value gross of related allowance and the unamortized balance of loan origination fees and costs.

⁽²⁾	Represents weighted-average loan-to-value as of March 31, 2013.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

General Account GAAP Net Investment Income Yields

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
GAAP Net Investment Income
Fixed maturity securities—taxable	$	656		$	678		$	659		$	669		$	660		$	2,666
Fixed maturity securities—non-taxable		2			2			2			3			4			11
Commercial mortgage loans		82			84			87			85			84			340
Restricted commercial mortgage loans related to securitization entities		7			8			8			7			9			32
Equity securities		4			5			4			6			4			19
Other invested assets		46			37			46			36			43			162
Limited partnerships		2			12			2			20			10			44
Restricted other invested assets related to securitization entities		—			1			—			—			—			1
Policy loans		32			30			31			31			31			123
Cash, cash equivalents and short-term investments		7			7			8			10			10			35

Gross investment income before expenses and fees		838			864			847			867			855			3,433
Expenses and fees		(24	)		(24	)		(22	)		(21	)		(23	)		(90	)

Net investment income	$	814		$	840		$	825		$	846		$	832		$	3,343

Annualized Yields
Fixed maturity securities—taxable		4.7	%		4.9	%		4.8	%		4.9	%		4.9	%		4.8	%
Fixed maturity securities—non-taxable		2.7	%		2.5	%		2.4	%		3.3	%		3.4	%		2.9	%
Commercial mortgage loans		5.6	%		5.7	%		5.9	%		5.7	%		5.5	%		5.7	%
Restricted commercial mortgage loans related to securitization entities		8.4	%		9.1	%		8.6	%		7.6	%		9.0	%		8.5	%
Equity securities		3.4	%		4.1	%		3.5	%		5.7	%		4.1	%		4.4	%
Other invested assets		28.3	%		18.6	%		20.0	%		14.0	%		15.8	%		17.1	%
Limited partnerships⁽¹⁾		2.4	%		14.0	%		2.3	%		22.6	%		11.5	%		12.7	%
Restricted other invested assets related to securitization entities		—	%		1.1	%		0.2	%		0.1	%		—	%		0.3	%
Policy loans		8.0	%		7.4	%		7.6	%		7.8	%		8.0	%		7.7	%
Cash, cash equivalents and short-term investments		0.7	%		0.7	%		0.8	%		0.9	%		0.8	%		0.8	%

Gross investment income before expenses and fees		4.8	%		4.9	%		4.9	%		5.0	%		4.9	%		4.9	%
Expenses and fees		-0.1	%		-0.1	%		-0.2	%		-0.1	%		-0.1	%		-0.1	%

Net investment income		4.7	%		4.8	%		4.7	%		4.9	%		4.8	%		4.8	%

Yields for fixed maturity securities and equity securities are based on amortized cost and cost, respectively. Yields for securities lending activity, which is included in other invested assets, are calculated net of the corresponding securities lending liability.

⁽¹⁾	Limited partnership investments are equity-based and do not have fixed returns by period.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Net realized gains (losses) on available-for-sale securities:
Fixed maturity securities:
U.S. corporate	$	4		$	9		$	5		$	(1	)	$	8		$	21
U.S. government, agencies and government-sponsored enterprises		—			1			2			2			2			7
Foreign corporate		1			3			1			1			1			6
Foreign government		4			3			2			2			1			8
Tax-exempt		(2	)		—			(1	)		1			(1	)		(1	)
Mortgage-backed securities		(20	)		(5	)		(1	)		(2	)		(2	)		(10	)
Asset-backed securities		(8	)		(14	)		(1	)		—			1			(14	)
Equity securities		3			—			3			—			—			3

Total net realized gains (losses) on available-for-sale securities		(18	)		(3	)		10			3			10			20

Impairments:
Sub-prime residential mortgage-backed securities		(2	)		(6	)		(8	)		(2	)		(2	)		(18	)
Alt-A residential mortgage-backed securities		—			(1	)		(4	)		(7	)		(3	)		(15	)

Total sub-prime and Alt-A residential mortgage-backed securities		(2	)		(7	)		(12	)		(9	)		(5	)		(33	)

Prime residential mortgage-backed securities		—			—			(1	)		(3	)		—			(4	)
Other mortgage-backed securities		—			(1	)		(1	)		(1	)		(1	)		(4	)
Commercial mortgage-backed securities		(1	)		(3	)		(3	)		(3	)		(3	)		(12	)
Corporate fixed maturity securities		(4	)		(3	)		—			(10	)		—			(13	)
Limited partnerships		—			—			—			(1	)		—			(1	)
Commercial mortgage loans		—			—			(2	)		—			(1	)		(3	)

Total impairments		(7	)		(14	)		(19	)		(27	)		(10	)		(70	)

Net unrealized gains (losses) on trading securities		6			—			9			22			(17	)		14
Derivative instruments		(27	)		6			(2	)		(18	)		17			3
Commercial mortgage loans held-for-sale market valuation allowance		1			(2	)		1			1			2			2
Contingent purchase price valuation change		1			1			(6	)		1			—			(4	)
Net gains (losses) related to securitization entities		6			21			12			(3	)		22			52
Other		(1	)		—			—			—			—			—

Net investment gains (losses), net of taxes		(39	)		9			5			(21	)		24			17
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes		12			(7	)		(6	)		3			(5	)		(15	)
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes		(1	)		—			(1	)		—			(2	)		(3	)

Net investment gains (losses), net of taxes and other adjustments	$	(28	)	$	2		$	(2	)	$	(18	)	$	17		$	(1	)

Reconciliations of Non-GAAP Measures

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Reconciliation of Operating ROE

(amounts in millions)


Twelve Month Rolling Average ROE	Twelve months ended
	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended⁽¹⁾	$	382		$	325		$	298		$	245		$	27
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	11,200		$	11,115		$	11,022		$	10,958		$	10,929
GAAP Basis ROE⁽¹⁾ divided by⁽²⁾		3.4	%		2.9	%		2.7	%		2.2	%		0.2	%

Operating ROE
Net operating income (loss) for the twelve months ended⁽¹⁾	$	489		$	355		$	305		$	241		$	40
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	11,200		$	11,115		$	11,022		$	10,958		$	10,929
Operating ROE⁽¹⁾ divided by⁽²⁾		4.4	%		3.2	%		2.8	%		2.2	%		0.4	%

Quarterly Average ROE	Three months ended
	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended⁽³⁾	$	103		$	168		$	35		$	76		$	46
Average Genworth Financial, Inc.'s stockholders' equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	11,345		$	11,225		$	11,138		$	11,076		$	11,005
Annualized GAAP Quarterly Basis ROE⁽³⁾ divided by⁽⁴⁾		3.6	%		6.0	%		1.3	%		2.7	%		1.7	%

Operating ROE
Net operating income (loss) for the period ended⁽³⁾	$	151		$	160		$	111		$	67		$	17
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	11,345		$	11,225		$	11,138		$	11,076		$	11,005
Annualized Operating Quarterly Basis ROE⁽³⁾ divided by⁽⁴⁾		5.3	%		5.7	%		4.0	%		2.4	%		0.6	%

Non-GAAP Definition for Operating ROE

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 as defined by the company should not be viewed as a substitute for GAAP net income (loss) available to Genworth Financial, Inc.’s common stockholders divided by average ending Genworth Financial, Inc.’s stockholders’ equity.

⁽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 8 herein.

⁽²⁾

Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), but including equity related to discontinued operations for the most recent five quarters.

⁽³⁾	Net income (loss) available to Genworth Financial, Inc.’s common stockholders and net operating income (loss) from page 8 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).

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Reconciliation of Expense Ratio

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
GAAP Basis Expense Ratio
Acquisition and operating expenses, net of deferrals⁽¹⁾	$	433		$	272		$	443		$	439		$	440		$	1,594
Total revenues⁽²⁾	$	2,303		$	2,467		$	2,456		$	2,402		$	2,315		$	9,640

Expense ratio⁽¹⁾ divided by⁽²⁾		18.8	%		11.0	%		18.0	%		18.3	%		19.0	%		16.5	%

GAAP Basis, As Adjusted—Expense Ratio
Acquisition and operating expenses, net of deferrals	$	433		$	272		$	443		$	439		$	440		$	1,594
Less lifestyle protection insurance business		110			113			117			126			127			483

Adjusted acquisition and operating expenses, net of deferrals⁽³⁾	$	323		$	159		$	326		$	313		$	313		$	1,111

Total revenues	$	2,303		$	2,467		$	2,456		$	2,402		$	2,315		$	9,640
Less lifestyle protection insurance business		205			195			198			211			218			822
Less net investment gains (losses)		(67	)		11			8			(34	)		36			21

Adjusted total revenues⁽⁴⁾	$	2,165		$	2,261		$	2,250		$	2,225		$	2,061		$	8,797

Adjusted expense ratio⁽³⁾ divided by⁽⁴⁾		14.9	%		7.0	%		14.5	%		14.1	%		15.2	%		12.6	%

Non-GAAP Definition for Expense Ratio

The company references the non-GAAP financial measure entitled “expense ratio” as a measure of productivity. The company defines expense ratio as acquisition and operating expenses, net of deferrals, divided by total revenues, excluding the effects of the company’s lifestyle protection insurance business. The lifestyle protection insurance business is excluded from this ratio as their expense bases are comprised of varying levels of non-deferrable acquisition costs. Management believes that the expense ratio analysis enhances understanding of the productivity of the company. However, the expense ratio as defined by the company should not be viewed as a substitute for GAAP acquisition and operating expenses, net of deferrals, divided by total revenues.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Reconciliation of Core Premiums

(amounts in millions)


	2013			2012
	1Q			4Q			3Q			2Q			1Q			Total
Reported premiums	$	1,261		$	1,320		$	1,313		$	1,302		$	1,106		$	5,041
Less U.S. Life Insurance—fixed annuities premiums		13			30			26			15			33			104
Less impact of changes in foreign exchange rates		6			(2	)		(34	)		(23	)		(3	)		(62	)

Core premiums	$	1,242		$	1,292		$	1,321		$	1,310		$	1,076		$	4,999


Reported premium percentage change from prior year		14.0	%		-2.2	%		-10.0	%		-9.9	%		-22.9	%		-11.4	%
Core premium percentage change from prior year		15.4	%		-1.4	%		-4.5	%		-5.1	%		-23.4	%		-8.7	%

Non-GAAP Definition for Core Premiums

The company references the non-GAAP financial measure entitled “core premiums” as a measure of premium growth. The company defines core premiums as earned premiums less premiums from the U.S. Life Insurance—fixed annuities business and the impact of changes in foreign exchange rates. The fixed annuities premiums are excluded in this measure primarily because these are single premiums and are not an indication of future premiums. The impact of changes in foreign exchange rates are excluded in this measure to present periods on a comparable exchange rate. Management believes that analysis of core premiums enhances understanding of premium growth of the company. However, core premiums as defined by the company should not be viewed as a substitute for GAAP earned premiums.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Reconciliation of Core Yield


		2013			2012
	(Assets—amounts in billions)	1Q			4Q			3Q			2Q			1Q			Total
	Reported—Total Invested Assets and Cash	$	76.5		$	78.0		$	78.6		$	76.8		$	74.5		$	78.0
	Subtract:
	Securities lending		0.2			0.2			0.2			0.2			0.1			0.2
	Unrealized gains (losses)		6.7			7.2			7.3			6.4			4.1			7.2
	Derivative counterparty collateral		0.6			0.8			1.0			1.2			0.6			0.8

	Adjusted end of period invested assets	$	69.0		$	69.8		$	70.1		$	69.0		$	69.7		$	69.8

(A)	Average Invested Assets Used in Reported Yield Calculation	$	69.4		$	70.0		$	69.6		$	69.4		$	69.8		$	69.7
	Subtract:
	Restricted commercial mortgage loans and other invested assets related to securitization entities		0.3			0.3			0.4			0.3			0.4			0.4

(B)	Average Invested Assets Used in Core Yield Calculation		69.1			69.7			69.2			69.1			69.4			69.3
	Subtract:
	Portfolios supporting floating products and non-recourse funding obligations⁽¹⁾		5.7			6.2			6.6			6.8			7.5			6.8

(C)	Average Invested Assets Used in Core Yield (excl. Floating and Non-Recourse Funding) Calculation	$	63.4		$	63.5		$	62.6		$	62.3		$	61.9		$	62.5

	(Income—amounts in millions)
(D)	Reported—Net Investment Income	$	814		$	840		$	825		$	846		$	832		$	3,343
	Subtract:
	Bond calls and commercial mortgage loan prepayments		10			13			14			4			5			36
	Reinsurance⁽²⁾		22			16			19			24			22			81
	Other non-core items⁽³⁾		2			13			3			8			4			28
	Restricted commercial mortgage loans and other invested assets related to securitization entities		4			5			6			5			5			21

(E)	Core Net Investment Income		776			793			783			805			796			3,177
	Subtract:
	Investment income from portfolios supporting floating products and non-recourse funding obligations⁽¹⁾		25			31			29			30			33			123

(F)	Core Net Investment Income (excl. Floating and Non-Recourse Funding)	$	751		$	762		$	754		$	775		$	763		$	3,054


(D) / (A)	Reported Yield		4.69	%		4.80	%		4.74	%		4.88	%		4.77	%		4.80	%
(E) / (B)	Core Yield		4.49	%		4.55	%		4.53	%		4.66	%		4.59	%		4.58	%
(F) / (C)	Core Yield (excl. Floating and Non-Recourse Funding)		4.74	%		4.80	%		4.82	%		4.98	%		4.93	%		4.88	%

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 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 as defined by the company should not be viewed as a substitute for GAAP investment yield.

⁽¹⁾	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.

⁽²⁾	Represents imputed investment income related to reinsurance agreements in the lifestyle protection insurance business.

⁽³⁾	Includes mark-to-market adjustment on assets supporting executive deferred compensation and various other immaterial items.

Corporate Information

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Financial Strength Ratings

The company's principal life insurance subsidiaries are rated in terms of financial strength by Standard & Poor's Financial Services LLC (S&P), Moody’s Investors Service, Inc. (Moody's) and A.M. Best Company, Inc. (A.M. Best) as follows:


Company	S&P	Moody’s	A.M. Best
Genworth Life Insurance Company	A-	A3	A
Genworth Life Insurance Company (short-term rating)	A2	P-2	Not rated
Genworth Life and Annuity Insurance Company	A-	A3	A
Genworth Life and Annuity Insurance Company (short-term rating)	A2	P-2	Not rated
Genworth Life Insurance Company of New York	A-	A3	A

The company's principal lifestyle protection insurance subsidiaries are rated in terms of financial strength by S&P as follows:

The company's principal mortgage insurance subsidiaries are rated in terms of financial strength by S&P and Moody’s as follows:


Company	S&P	Moody’s
Genworth Mortgage Insurance Corporation	B	Ba2
Genworth Residential Mortgage Insurance Corporation of NC	B	Ba2
Genworth Financial Mortgage Insurance Pty. Limited (Australia)	AA-	A3
Genworth Financial Mortgage Insurance Limited (Europe)	BBB-	Not rated
Genworth Financial Mortgage Insurance Company Canada⁽¹⁾	AA-	Not rated
Genworth Seguros de Credito a la Vivienda S.A. de C.V.⁽²⁾	mxAA-	Aa3.mx

⁽¹⁾	Genworth Financial Mortgage Insurance Company Canada is also rated “AA” by Dominion Bond Rating Service (DBRS).

⁽²⁾	Genworth Seguros de Credito a la Vivienda S.A. de C.V. is also rated “BB+” by S&P and “Baa3” by Moody’s on a Global Scale Insurance financial strength basis.

The S&P, Moody’s, A.M. Best and DBRS ratings included are not designed to be, and do not serve as, measures of protection or valuation offered to investors. These financial strength ratings should not be relied on with respect to making an investment in the company’s securities.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2013

Financial Strength Ratings (continued)

S&P states that an insurer rated “AA” (Very Strong) has very strong financial security characteristics that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments. Insurers rated “AA” (Very Strong), “A” (Strong), “BBB” (Good) or “B” (Weak) have very strong, strong, good, or weak financial security characteristics, respectively. The “AA,” “A,” “BBB” and “B” ranges are the second-, third-, fourth- and sixth-highest of nine financial strength rating ranges assigned by S&P, which range from “AAA” to “R.” A plus (+) or minus (-) shows relative standing in a rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “CCC” category. Accordingly, the “AA-,” “A-,” “BBB-” and “B” ratings are the fourth-, seventh-, tenth- and fifteenth-highest of S&P's 21 ratings categories. The short-term rating “A-2” is the second highest of S&P's six short-term ratings and shows the obligor's capacity to meet its financial commitments is satisfactory. An obligor rated “mxAA” has a very strong capacity to meet its financial commitments relative to that of other Mexican obligors. The “mxAA” rating is the second-highest enterprise credit rating assigned on S&P's CaVal national scale.

Moody's states that insurance companies rated “A” (Good) offer good financial security and that insurance companies rated “Ba” (Questionable) offer questionable financial security. The “A” (Good) and “Ba” (Questionable) ranges are the third- and fifth-highest, respectively, of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the 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” and “Ba2” ratings are the seventh- and twelfth-highest, respectively, of Moody’s 21 ratings categories. The short-term rating “P-2” is the second highest rating and shows strong ability for repayment of short-term debt obligations. Issuers or issues rated “Aa.mx” demonstrate very strong creditworthiness relative to other issuers in Mexico.

A.M. Best states that the “A” (Excellent) rating is assigned to those companies that have, in its opinion, an excellent ability to meet their ongoing insurance obligations. The “A” (Excellent) rating is the third-highest of 15 ratings assigned by A.M. Best, which range from “A++” to “F.”

DBRS states that long-term obligations rated “AA” are of superior credit quality. The capacity for the payment of financial obligations is considered high and unlikely to be significantly vulnerable to future events. Credit quality differs from “AAA” only to a small degree.

S&P, Moody’s, A.M. Best and DBRS review their ratings periodically and the company cannot assure you that it will maintain the current ratings in the future. Other agencies may also rate the company or its insurance subsidiaries on a solicited or an unsolicited basis.

About Genworth Financial

Genworth is a leading financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers, with a presence in more than 25 countries. For more information, visit www.genworth.com.

Inquiries:

Georgette Nicholas, 804-662-2248

Georgette.Nicholas@genworth.com