Exhibit 99.1

Genworth Financial Announces Second Quarter 2013 Results

Net Income Improved 86 Percent From Prior Year

Second Profitable Quarter In U.S. MI

$273 Million In Dividends Paid To Holding Company Including $100 Million Ordinary Dividend

From U.S. Life Companies

Richmond, VA (July 30, 2013) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the second quarter of 2013. The company reported net income¹ of $141 million, or $0.28 per diluted share, compared with net income of $76 million, or $0.16 per diluted share, in the second quarter of 2012. Net operating income² for the second quarter of 2013 was $133 million, or $0.27 per diluted share, compared with net operating income of $67 million, or $0.14 per diluted share, in the second quarter of 2012.

“We are beginning to see good results from our efforts to improve the operating performance of the businesses with strong performance in Global Mortgage Insurance, further progress on long term care insurance rate actions and execution of an expense reduction plan,” said Tom McInerney, President and CEO. “We continue to increase financial flexibility with an ordinary dividend from the U.S. life companies and consistent dividends from Global Mortgage Insurance. These are some of the important milestones in our plan to turn the company around.”

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Net investment gains, net of tax and other adjustments, were $15 million in the quarter compared to net investment losses of $18 million in the prior year. Total investment impairments, net of tax, were $4 million in the current quarter and $27 million in the prior year.

In March 2013, the company entered into an agreement to sell the wealth management business. Beginning in the first quarter of 2013, this business is being separately presented as discontinued operations and all prior periods herein have been re-presented. During the quarter, the company recognized $6 million of income from discontinued operations. The company expects the transaction to close in the third quarter of 2013, subject to customary closing conditions, including requisite regulatory approvals, and may record an additional after-tax loss of up to $10 million at that time. Assets under management as of June 30, 2013 for the wealth management business were $22.6 billion.

On June 6, 2013, the company announced an expense reduction plan as it continues to work on improving the operating performance of its businesses. This plan eliminated approximately 400 positions, including 150 open positions that will not be filled, and will reduce related information technology and program spend. When fully implemented, the company expects to realize approximately $80 to $90 million in annual pre-tax expense savings primarily related to these actions. Overall expense levels may vary for a variety of reasons, including changes in sales volume or other strategic actions the company may take. An after-tax non-operating charge of $13 million was recorded in the second quarter of 2013 reflecting severance, outplacement and other associated costs.

Net operating income results are summarized in the table below:

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Net operating income excludes net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, and other adjustments, net of taxes. A reconciliation of net operating income of segments and Corporate and Other activities to net income is included at the end of this press release.

Unless specifically noted in the discussion of results for the International Mortgage Insurance and International Protection segments, references to percentage changes exclude the impact of foreign exchange. Percentage changes, which include the impact of foreign exchange, are found in a table at the end of this press release. The impact of foreign exchange on net operating income in the second quarter of 2013 was an unfavorable impact of $2 million versus the prior quarter and prior year.

U.S. Life Insurance Division

U.S. Life Insurance Division net operating income was $79 million, compared with $85 million in the prior quarter and $64 million a year ago.

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U.S. Life Insurance Division

Highlights

Life Insurance

Life insurance net operating income was $27 million, compared with $36 million in the prior quarter and $30 million in the prior year. While results in the current quarter benefited from favorable mortality experience versus pricing expectations, mortality was less favorable than the prior quarter and prior year because of higher severity. Sales were down $4 million versus the prior quarter and $42 million versus the prior year reflecting flat sales in term life insurance and a decline in universal life insurance product sales. The company will continue to make pricing and product changes that would be expected to increase sales over time.

Long Term Care Insurance

Long term care insurance net operating income was $26 million, compared with $20 million in the prior quarter and $14 million in the prior year. Results in the prior quarter included $6 million of net favorable actuarial reserve and other adjustments. Results in the quarter were improved versus the prior quarter from more favorable limited partnership and bond call performance. Results in the quarter also reflected the impact of higher premiums and reduced benefits from the most recent rate action of $8 million versus the prior quarter. Relative to the prior year, higher claim termination rates contributed to lower incurred losses, the most recent rate action contributed to higher premiums and reduced benefits, and investment yields declined consistent with the low interest rate environment.

In the second quarter of 2013, the company revised its methodology for calculating tabular interest for its long term care insurance policies. The change in the calculation for tabular interest had no impact on total policyholder reserves, benefits or net operating income as it reflected a reclassification between components within the total change in policy reserves. Tabular interest is one of several components that make up the total change in policy reserves and represents the implicit credited rate to reserves for future benefits. This calculation is now done at the policy level and effectively attributes a larger portion of the change in reserves to tabular interest. The impact of this new methodology reduced the loss ratio by approximately three points in the current quarter. The loss ratio for all prior periods has been adjusted lower by three points to approximate the new calculation

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for tabular interest to make prior periods more comparable with the current calculation. The reported loss ratio for the current quarter was approximately 67 percent, approximately one point higher than the prior quarter and four points lower than the prior year, when reflecting this change in methodology.

Individual long term care insurance sales increased from the prior quarter to $38 million reflecting product actions taken in the first half of 2013. These changes may have a temporary benefit on sales levels as demand increased prior to pricing and product changes going into effect. The company continues to utilize reinsurance in long term care insurance as part of its capital optimization strategies.

As previously announced in the third quarter of 2012, the company filed for long term care in force premium rate increases with the goal of achieving approximately $200 to $300 million of additional annual premiums when fully implemented over the next five years. As of June 30, 2013, the company has received approvals representing approximately $115 to $120 million of the targeted premium increase.

Fixed Annuities

Fixed annuities net operating income was $26 million, compared with $29 million in the prior quarter and $20 million in the prior year. Results in the quarter included unfavorable mortality versus the prior quarter and more favorable mortality versus the prior year. Results in the quarter also included improved limited partnership and bond call performance versus the prior quarter. Sales in the quarter totaled $212 million and were up sequentially but down from the prior year.

U.S. Life Companies Capital

The consolidated risk-based capital (RBC) ratio is estimated to be approximately 445 percent³, down from approximately 450 percent at the end of the first quarter of 2013, primarily from the $100 million ordinary dividend paid to the holding company.

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Global Mortgage Insurance Division

Global Mortgage Insurance Division had net operating income of $102 million, consistent with the prior quarter and up from $51 million in the prior year.

International Mortgage Insurance Segment

Highlights

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Canada Mortgage Insurance

Canada operating earnings of $43 million were up from $42 million in the prior quarter and up from $41 million in the prior year. The loss ratio in the quarter was 25 percent, down six points from the prior quarter and down seven points from the prior year from lower net new delinquencies as a result of an improving economic environment and the strong credit quality of recent books. Total delinquencies were down nine percent sequentially from the maturing of the larger 2007 and 2008 books of business, continued strong loss mitigation and improving economic conditions in most regions. Improvement in losses was partially offset by lower premiums and unfavorable foreign exchange. Flow NIW was up 45 percent⁴ sequentially from normal seasonal variation and down 16 percent⁴ year over year primarily from regulatory changes to the rules governing the issuance of high loan-to-value residential mortgages made in July 2012. In addition, the company completed several bulk transactions, consisting of low loan-to-value prime loans, of approximately $6.4 billion reflecting its selective participation in this market. At quarter end, the Canada mortgage insurance business had a regulatory capital ratio of 216 percent³, well in excess of regulatory requirements. GAAP book value was $2.9 billion, of which $1.7 billion represented Genworth’s 57.4 percent ownership interest. GAAP book value declined $0.1 billion from the prior quarter primarily from foreign currency translation and lower net unrealized investment gains.

Australia Mortgage Insurance

Australia reported net operating earnings of $55 million versus $46 million in the prior quarter and $44 million in the prior year. The loss ratio in the quarter was 35 percent, down 12 points sequentially and down 19 points from the prior year. Total delinquencies were down one percent sequentially as higher new delinquencies were more than offset by seasonally higher cures. Flow NIW was up 13 percent⁴ sequentially from seasonal variation and up seven percent⁴ year over year from a larger origination market. At quarter end, the Australia mortgage insurance business had a regulatory capital ratio of 134 percent³, in excess of regulatory requirements. The GAAP book value was $1.9 billion as of the end of the quarter, declining $0.4 billion from the prior quarter primarily from foreign currency translation.

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Other Countries Mortgage Insurance

Other Countries had a net operating loss of $9 million, compared to a net operating loss of $7 million in the prior quarter and a net operating loss of $9 million in the prior year as the business continues to be pressured from elevated losses, primarily in Ireland.

U.S. Mortgage Insurance Segment

Highlights

Total flow delinquencies decreased seven percent sequentially and 23 percent versus the prior year. New flow delinquencies decreased approximately 11 percent from the prior quarter and decreased approximately 22 percent from the prior year, reflecting the continued burn through of delinquencies from the 2005 to 2008 book years. The flow average reserve per delinquency was $30,000, up slightly from the prior quarter.

Total losses were up $13 million compared to the prior quarter as lower new delinquencies were more than offset by modest changes in net cures and aging because of sequentially lower cures.

Loss mitigation savings were $144 million in the quarter, down $15 million from the prior quarter. Loss mitigation savings this year through June 30, 2013 were $303 million.

Flow NIW of $6.3 billion increased 34 percent over the prior quarter and increased 75 percent versus the prior year reflecting an increase in both refinance and purchase private mortgage insurance penetration and a larger origination market and stable market share. Overall private mortgage insurance market penetration was up approximately one point from the prior quarter and up approximately two points year over year. The company’s estimate of market share at the end of the quarter is approximately 13 percent. Flow persistency was 81 percent. In addition, the Home Affordable Refinance Program (HARP) accounted for about $2.2 billion in the quarter of insurance that is treated as a modification of the coverage on existing insurance in force rather than NIW.

The combined U.S. MI statutory risk-to-capital ratio is estimated at 22.4:1³ at the end of the second quarter with the risk-to-capital ratio for GMICO estimated at 23.8:1³. GMICO currently maintains waivers or other

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authorizations from 45 states that permit the company to continue writing new business if its risk-to-capital ratio exceeds 25.0:1. Additionally, the company has separately capitalized and licensed legal entities to write new business for states where waivers are not in place, subject to the approval of applicable regulators and the GSE’s (government sponsored entities) approval. Currently, new business in four states is being written out of Genworth Residential Mortgage Assurance Corporation (GRMAC), a subsidiary of GMICO.

The company currently expects the U.S. mortgage insurance business to be modestly profitable in 2013 and expects that its 2014 results should improve over 2013. The company continues to expect seasonality in the remainder of 2013, which could cause the second half of the year to return to a marginal net loss profile. Its profitability expectations are subject to the continued recovery of the U.S. housing market, the extent of seasonality that has been historically experienced in the second half of the year, and certain other items such as the cost of resolution of pending litigation.

Corporate and Other Division

Corporate and Other Division net operating loss was $48 million, compared with $36 million in the prior quarter and $48 million in the prior year.

International Protection Segment

International Protection reported operating earnings of $1 million, compared with $6 million in the prior quarter and $3 million in the prior year. The business continues to be impacted by the slow consumer lending environment in Europe, and high unemployment in Southern Europe continues to keep losses elevated. At quarter end, the lifestyle protection business had a regulatory capital ratio of approximately 317 percent³, in excess of regulatory requirements. Dividends of $14 million were paid to the holding company during the second quarter of 2013.

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Runoff Segment

The Runoff segment’s net operating income was $6 million, compared with $16 million in the prior quarter and a net operating loss of $6 million in the prior year. Results in the current quarter reflected less favorable equity market conditions versus the prior quarter, but more favorable versus the prior year. Results in the prior quarter and prior year reflected unfavorable taxes.

Corporate and Other

Corporate and Other’s net operating loss was $55 million, compared with $58 million in the prior quarter and $45 million in the prior year. Results were down versus the prior year because of lower net investment income. Results in the prior quarter and prior year also included the reverse mortgage business that was sold on April 1, 2013.

Investment Portfolio Performance

Net investment income increased to $821 million, compared to $814 million in the prior quarter because of favorable limited partnership and bond call performance. The reported yield for the current quarter was approximately 4.8 percent. The core yield² was flat to the prior quarter at approximately 4.5 percent.

Net income in the quarter included $15 million of net investment gains, net of tax and DAC amortization of $5 million. Total investment impairments, net of tax, were $4 million in the current quarter and $27 million in the prior year.

Net unrealized investment gains were $1.3 billion, net of tax and other items, as of June 30, 2013 compared with $2.0 billion as of June 30, 2012 and $2.4 billion as of March 31, 2013 because of higher interest rates and widening spreads. The fixed maturity securities portfolio had gross unrealized investment gains of $4.0 billion compared with $5.9 billion as of June 30, 2012 because of higher interest rates and widening spreads and gross unrealized investment losses of $0.9 billion compared with $1.0 billion as of June 30, 2012.

Holding Company

Genworth’s holding company⁵ ended the quarter with approximately $1.0 billion of cash and highly liquid securities, up approximately $50 million compared to the prior quarter, from approximately $270 million of dividends received from the operating companies, partially offset by a $100 million contribution to GMICO as part of the comprehensive U.S. MI capital plan and approximately $100 million of debt interest payments. The holding company targets maintaining cash balances of at least two times its annual debt service expense plus

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a risk buffer of $350 million. The holding company has no debt maturities until June 2014. The previously announced sale of the company’s wealth management business is expected to close in the third quarter of 2013, subject to customary closing conditions, including requisite regulatory approvals. Proceeds from the transaction, net of transaction related expenses, will be held at the holding company and will be used to address the 2014 debt at maturity or before.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement — including life insurance, long term care insurance, financial protection coverages, and independent advisor-based wealth management — and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.

Genworth operates through three divisions: U.S. Life Insurance, which includes life insurance, long term care insurance and fixed annuities; Global Mortgage Insurance, containing U.S. Mortgage Insurance and International Mortgage Insurance segments; and the Corporate and Other division, which includes the International Protection and Runoff segments. The Corporate & Other division also includes the wealth management business presented as discontinued operations. Products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth, headquartered in Richmond, Virginia, traces its roots back to 1871 and became a public company in 2004. For more information, visit genworth.com. From time to time, Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the “Investors” section of genworth.com.

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Conference Call and Financial Supplement Information

This press release and the second quarter 2013 financial supplement are now posted on the company’s website. Additional information regarding business results will be posted on the company’s website, http://investor.genworth.com, by 7:30 a.m. on July 31, 2013. Investors are encouraged to review these materials.

Genworth will conduct a conference call on July 31, 2013 at 8 a.m. (ET) to discuss the quarter’s results and provide an update on the company’s strategy and 2013 goals. The conference call will be accessible via telephone and the Internet. The dial-in number for the conference call is 866 393.0571 or 206 453.2872 (outside the U.S.). To participate in the call by webcast, register at http://investor.genworth.com at least 15 minutes prior to the webcast to download and install any necessary software.

Replays of the call will be available through August 14, 2013 at 855 859.2056 or 404 537.3406 (outside the U.S.); the conference ID # for the call is # 99864084. The webcast will also be archived on the company’s website.

Use of Non-GAAP Measures

This press release includes the non-GAAP 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) if, in the company’s opinion, they are not indicative of overall operating trends.

While some of these items may be significant components of net income (loss) available to Genworth’s common stockholders in accordance with GAAP, the company believes that net operating income (loss) and measures that are derived from or incorporate net operating income (loss), including net operating income (loss) per common share on a basic and diluted basis, are appropriate measures that are useful to investors

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because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses net operating income (loss) as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. However, the items excluded from net operating income (loss) have occurred in the past and could, and in some cases will, recur in the future. Net operating income (loss) and net operating income (loss) per common share on a basic and diluted basis are not substitutes for net income (loss) available to Genworth’s common stockholders or net income (loss) available to Genworth’s common stockholders per common share on a basic and diluted basis determined in accordance with GAAP. In addition, the company’s definition of net operating income (loss) may differ from the definitions used by other companies. There were no infrequent or unusual non-operating items excluded from net operating income during the periods presented in this press release other than a $13 million after-tax expense recorded in the second quarter of 2013 related to restructuring costs. The tables at the end of this press release reflect net operating income (loss) as determined in accordance with accounting guidance related to segment reporting, and a reconciliation of net operating income (loss) of the company’s segments and Corporate and Other activities to net income available to Genworth’s common stockholders for the three months ended June 30, 2013 and 2012.

This press release includes the non-GAAP financial measure entitled “core yield” as a measure of investment yield. The company defines core yield as the investment yield adjusted for items that do not reflect the underlying performance of the investment portfolio. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield as defined by the company should not be viewed as a substitute for GAAP investment yield. In addition, the company’s definition of core yield may differ from the definitions used by other companies. A reconciliation of core yield to reported GAAP yield is included in a table at the end of this press release.

Definition of Selected Operating Performance Measures

The company reports selected operating performance measures including “sales” and “insurance in force” or “risk in force” which are commonly used in the insurance industry as measures of operating performance.

Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) annualized first-year premiums for term life and long term care insurance products; (2) annualized first-year deposits plus five percent of excess deposits for universal and term universal life insurance products; (3) 10 percent of premium deposits for linked-benefits products; (4) new and additional premiums/deposits for fixed annuities; (5) new insurance written for mortgage insurance; and (6) 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/deposits, premium equivalents, new

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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 percent that represents the highest expected average per-claim payment for any one underwriting year over the life of the company’s businesses in Canada and Australia. Risk in force for the U.S. mortgage insurance business is the obligation that is limited under contractual terms to the amounts less than 100 percent of the mortgage loan value. The company considers insurance in force and risk in force to be 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 press release also includes information related to loss mitigation activities for the U.S. mortgage insurance business. The company defines loss mitigation activities as rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled presales, claims administration and other loan workouts. Estimated savings related to rescissions are the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings related to loan modifications and other cure related loss mitigation actions represent the reduction in carried loss reserves. Estimated savings related to claims mitigation activities represent amounts deducted or “curtailed” from claims due to acts or omissions by the insured or the servicer with respect to the servicing of an insured loan that is not in compliance with obligations under 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.

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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.

Cautionary Note Regarding Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including, but not limited to, the following:

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The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.

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Contact Information:

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Condensed Consolidated Statements of Income

(Amounts in millions, except per share amounts)

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Reconciliation of Net Operating Income to Net Income

(Amounts in millions, except per share amounts)

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Condensed Consolidated Balance Sheets

(Amounts in millions)

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Impact of Foreign Exchange on Operating Results⁶

Three months ended June 30, 2013

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Reconciliation of Core Yield to Reported Yield

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