EX-99.2

Company

Financial Assurance Company Limited

Financial Insurance Company Limited

Exhibit 99.2

LOGO

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013


Table of Contents	Page
Investor Letter		3
Use of Non-GAAP Measures and Selected Operating Performance Measures		4-5
Financial Highlights		6

*Fourth Quarter Results*
Consolidated Net Income by Quarter		8
Net Operating Income by Segment by Quarter		9
Consolidated Balance Sheets		10-11
Consolidated Balance Sheets by Segment		12-13
Deferred Acquisition Costs Rollforward		14

*Quarterly Results*
Net Operating Income and Sales—U.S. Life Insurance Division		16-24
Net Operating Income (Loss) and Sales—Global Mortgage Insurance Division		26-49
Net Operating Income (Loss) and Sales—Corporate and Other Division		51-62

*Additional Financial Data*
Investments Summary		64
Fixed Maturity Securities Summary		65
Commercial Mortgage Loans Summary		66-67
General Account GAAP Net Investment Income Yields		68
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail		69

*Reconciliations of Non-GAAP Measures*
Reconciliation of Operating Return On Equity (ROE)		71
Reconciliation of Expense Ratio		72
Reconciliation of Core Premiums		73
Reconciliation of Core Yield		74

*Corporate Information*
Industry Ratings		76-77

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

FOURTH QUARTER 2013

Dear Investor,

In the fourth quarter of 2013, the company revised its definition of net operating income. Additional information is included on page 4.

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

FOURTH 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, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for blocks of business. The company excludes net investment gains (losses) and infrequent or unusual non-operating items because the company does not consider them to be related to the operating performance of the company’s segments and Corporate and Other activities. A component of the company’s net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments and gains (losses) on the sale of businesses, the early extinguishment of debt and insurance block transactions are also excluded from net operating income (loss) because in the company’s opinion, they are not indicative of overall operating trends. Other non-operating items are also excluded from net operating income (loss) if, in the company’s opinion, they are not indicative of overall operating trends.

In the fourth quarter of 2013, the company revised its definition of net operating income (loss) to exclude gains (losses) on the early extinguishment of debt and gains (losses) on insurance block transactions to better reflect the basis on which the performance of its business is internally assessed and to reflect management’s opinion that these measures are not indicative of overall operating trends. All prior periods presented have been re-presented to reflect this new definition.

Based on the revised definition of net operating income, the following transactions were excluded from net operating income for the periods presented. In the third quarter of 2013, the company paid an after-tax make-whole expense of approximately $20 million related to the early redemption of Genworth Holdings’ notes that mature in 2015. In the fourth quarter of 2012, the company repurchased principal of approximately $100 million of Genworth Holdings’ notes that mature in June 2014 for an after-tax loss of $4 million. In the fourth quarter of 2012, the company also repurchased $20 million of non-recourse funding obligations resulting in an after-tax gain of approximately $3 million. In the third quarter of 2012, the company completed a life block transaction resulting in an after-tax loss of $6 million. In January 2012, the company completed a life block transaction resulting in an after-tax loss of approximately $41 million.

There were no infrequent or unusual items excluded from net operating income (loss) during the periods presented other than a $13 million after-tax expense recorded in the second quarter of 2013 related to restructuring costs.

While some of these items may be significant components of net income (loss) available to Genworth Financial, Inc.’s common stockholders in accordance with GAAP, the company believes that net operating income (loss) and measures that are derived from or incorporate net operating income (loss), including net operating income (loss) per common share on a basic and diluted basis, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses net operating income (loss) as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. However, the items excluded from net operating income (loss) have occurred in the past and could, and in some cases will, recur in the future. Net operating income (loss) and net operating income (loss) per common share on a basic and diluted basis are not substitutes for net income (loss) available to Genworth Financial, Inc.’s common stockholders or net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share on a basic and diluted basis determined in accordance with GAAP. In addition, the company’s definition of net operating income (loss) may differ from the definitions used by other companies.

The table on page 9 of this financial supplement reflects net operating income (loss) as determined in accordance with accounting guidance related to segment reporting, and a reconciliation of net operating income (loss) of the company’s segments and Corporate and Other activities to net income (loss) available to Genworth Financial, Inc.’s common stockholders for the periods presented. The financial supplement includes other non-GAAP measures management believes enhances the understanding and comparability of performance by highlighting underlying business activity and profitability drivers. These additional non-GAAP measures are on pages 71 through 74 of this financial supplement.

⁽¹⁾	U.S. Generally Accepted Accounting Principles

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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 products; (2) annualized first-year deposits plus 5% of excess deposits for universal and term universal life insurance products; (3) 10% of premium deposits for linked-benefits products; (4) new and additional premiums/deposits for fixed annuities; (5) new insurance written for mortgage insurance; and (6) net premiums written for the lifestyle protection insurance business. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers annualized first-year premiums/ deposits, premium equivalents, new premiums/deposits, 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. Loans subject to our loss mitigation actions, the results of which have been included in our reported estimated loss mitigations savings, are subject to re-default and may result in a potential claim in future periods as well as potential future loss mitigation savings depending on the resolution of the re-defaulted loan. The company believes that this information helps to enhance the understanding of the operating performance of the U.S. mortgage insurance business as loss mitigation activities specifically impact current and future loss reserves and level of claim payments.

Management regularly monitors and reports a loss ratio for the company’s businesses. For the mortgage and lifestyle protection insurance businesses, the loss ratio is the ratio of incurred losses and loss adjustment expenses to net earned premiums. For the long-term care insurance business, the loss ratio is the ratio of benefits and other changes in reserves less tabular interest on reserves less loss adjustment expenses to net earned premiums. The company considers the loss ratio to be a measure of underwriting performance in these businesses that helps to enhance the understanding of the operating performance of the businesses.

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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Financial Highlights

(amounts in millions, except per share data)


Balance Sheet Data	December 31, 2013			September 30, 2013			June 30, 2013		March 31, 2013		December 31, 2012
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	$	11,891		$	11,665		$	11,547	$	11,398	$	11,291
Total accumulated other comprehensive income		2,542			2,939			3,142		4,824		5,202

Total Genworth Financial, Inc.’s stockholders’ equity	$	14,433		$	14,604		$	14,689	$	16,222	$	16,493


Book value per common share	$	29.17		$	29.55		$	29.76	$	32.90	$	33.53
Book value per common share, excluding accumulated other comprehensive income	$	24.03		$	23.60		$	23.39	$	23.11	$	22.95
Common shares outstanding as of the balance sheet date		494.8			494.2			493.6		493.1		491.9

	Twelve months ended

Twelve Month Rolling Average ROE	December 31, 2013			September 30, 2013			June 30, 2013		March 31, 2013		December 31, 2012

GAAP Basis ROE		4.8	%		4.6	%		4.0%		3.4%		2.9%
Operating ROE⁽¹⁾		5.3	%		5.1	%		5.0%		4.4%		3.6%

	Three months ended
Quarterly Average ROE	December 31, 2013			September 30, 2013			June 30, 2013		March 31, 2013		December 31, 2012
GAAP Basis ROE		7.1	%		3.7	%		4.9%		3.6%		6.0%
Operating ROE⁽¹⁾		6.6	%		4.8	%		4.6%		5.3%		5.7%


Basic and Diluted Shares	Three months ended December 31, 2013		Twelve months ended December 31, 2013
Weighted-average shares used in basic earnings per common share calculations		494.7		493.6
Potentially dilutive securities:
Stock options, restricted stock units and stock appreciation rights		6.5		5.1

Weighted-average shares used in diluted earnings per common share calculations		501.2		498.7

⁽¹⁾	See page 71 herein for a reconciliation of GAAP Basis ROE to Operating ROE.

Fourth Quarter Results

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Consolidated Net Income by Quarter

(amounts in millions, except per share amounts)


	2013													2012
	4Q		3Q			2Q		1Q			Total			4Q		3Q		2Q			1Q		Total
REVENUES:
Premiums	$	1,310	$	1,291		$	1,286	$	1,261		$	5,148		$	1,320	$	1,313	$	1,302		$	1,106	$	5,041
Net investment income		835		801			821		814			3,271			840		825		846			832		3,343
Net investment gains (losses)		26		(23	)		21		(61	)		(37	)		14		9		(33	)		37		27
Insurance and investment product fees and other		241		248			243		289			1,021			293		309		287			340		1,229

Total revenues		2,412		2,317			2,371		2,303			9,403			2,467		2,456		2,402			2,315		9,640

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,256		1,169			1,269		1,201			4,895			1,401		1,363		1,382			1,232		5,378
Interest credited		186		184			184		184			738			193		193		194			195		775
Acquisition and operating expenses, net of deferrals		406		407			413		433			1,659			272		443		439			440		1,594
Amortization of deferred acquisition costs and intangibles		128		182			137		122			569			144		160		147			271		722
Goodwill impairment		—		—			—		—			—			—		89		—			—		89
Interest expense		121		124			121		126			492			124		126		131			95		476

Total benefits and expenses		2,097		2,066			2,124		2,066			8,353			2,134		2,374		2,293			2,233		9,034

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		315		251			247		237			1,050			333		82		109			82		606
Provision for income taxes		70		105			73		76			324			73		23		27			15		138

INCOME FROM CONTINUING OPERATIONS		245		146			174		161			726			260		59		82			67		468
Income (loss) from discontinued operations, net of taxes⁽¹⁾		—		2			6		(20	)		(12	)		6		12		27			12		57

NET INCOME		245		148			180		141			714			266		71		109			79		525
Less: net income attributable to noncontrolling interests		37		40			39		38			154			98		36		33			33		200

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	208	$	108		$	141	$	103		$	560		$	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	$	0.42	$	0.21		$	0.27	$	0.25		$	1.16		$	0.33	$	0.05	$	0.10		$	0.07	$	0.55
Diluted	$	0.42	$	0.21		$	0.27	$	0.25		$	1.15		$	0.33	$	0.05	$	0.10		$	0.07	$	0.54

Net income available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.42	$	0.22		$	0.29	$	0.21		$	1.13		$	0.34	$	0.07	$	0.16		$	0.09	$	0.66
Diluted	$	0.41	$	0.22		$	0.28	$	0.21		$	1.12		$	0.34	$	0.07	$	0.16		$	0.09	$	0.66

Weighted-average shares outstanding
Basic		494.7		494.0			493.4		492.5			493.6			491.9		491.7		491.5			491.2		491.6
Diluted		501.2		499.3			497.5		496.8			498.7			493.9		493.9		493.9			495.7		494.4

⁽¹⁾	Income (loss) from discontinued operations related to the wealth management business, which was sold on August 30, 2013. Refer to page 62 for operating results of discontinued operations.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income by Segment by Quarter

(amounts in millions, except per share amounts)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
U.S. Life Insurance Division
U.S. Life Insurance segment:
Life Insurance	$	56		$	54		$	27		$	36		$	173		$	46		$	28		$	30		$	47		$	151
Long-Term Care Insurance		42			41			26			20			129			7			45			14			35			101
Fixed Annuities		21			16			26			29			92			20			19			20			23			82

Total U.S. Life Insurance segment		119			111			79			85			394			73			92			64			105			334

Total U.S. Life Insurance Division		119			111			79			85			394			73			92			64			105			334

Global Mortgage Insurance Division
International Mortgage Insurance segment:
Canada		44			41			43			42			170			114			42			41			37			234
Australia		66			61			55			46			228			62			57			44			(21	)		142
Other Countries		(9	)		(12	)		(9	)		(7	)		(37	)		(11	)		(5	)		(9	)		(9	)		(34	)

Total International Mortgage Insurance segment		101			90			89			81			361			165			94			76			7			342
U.S. Mortgage Insurance segment		6			(3	)		13			21			37			(32	)		(37	)		(25	)		(44	)		(138	)

Total Global Mortgage Insurance Division		107			87			102			102			398			133			57			51			(37	)		204

Corporate and Other Division
International Protection segment		13			4			1			6			24			8			8			3			5			24
Runoff segment		19			25			6			16			66			8			9			(6	)		35			46
Corporate and Other		(65	)		(88	)		(55	)		(58	)		(266	)		(61	)		(49	)		(45	)		(50	)		(205	)

Total Corporate and Other Division		(33	)		(59	)		(48	)		(36	)		(176	)		(45	)		(32	)		(48	)		(10	)		(135	)

NET OPERATING INCOME		193			139			133			151			616			161			117			67			58			403

ADJUSTMENTS TO NET OPERATING INCOME:
Net investment gains (losses), net of taxes and other adjustments		15			(13	)		15			(28	)		(11	)		2			(2	)		(18	)		17			(1	)
Goodwill impairment, net of taxes		—			—			—			—			—			—			(86	)		—			—			(86	)
Expenses related to restructuring, net of taxes		—			—			(13	)		—			(13	)		—			—			—			—			—
Gains (losses) on early extinguishment of debt, net of taxes		—			(20	)		—			—			(20	)		(1	)		—			—			—			(1	)
Gains (losses) from life block transactions, net of taxes		—			—			—			—			—			—			(6	)		—			(41	)		(47	)
Income (loss) from discontinued operations, net of taxes		—			2			6			(20	)		(12	)		6			12			27			12			57

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		208			108			141			103			560			168			35			76			46			325
Add: net income attributable to noncontrolling interests		37			40			39			38			154			98			36			33			33			200

NET INCOME	$	245		$	148		$	180		$	141		$	714		$	266		$	71		$	109		$	79		$	525


Earnings Per Share Data:

Net income available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.42		$	0.22		$	0.29		$	0.21		$	1.13		$	0.34		$	0.07		$	0.16		$	0.09		$	0.66
Diluted	$	0.41		$	0.22		$	0.28		$	0.21		$	1.12		$	0.34		$	0.07		$	0.16		$	0.09		$	0.66

Net operating income per common share
Basic	$	0.39		$	0.28		$	0.27		$	0.31		$	1.25		$	0.33		$	0.24		$	0.14		$	0.12		$	0.82
Diluted	$	0.38		$	0.28		$	0.27		$	0.30		$	1.24		$	0.33		$	0.24		$	0.14		$	0.12		$	0.82

Weighted-average shares outstanding
Basic		494.7			494.0			493.4			492.5			493.6			491.9			491.7			491.5			491.2			491.6
Diluted		501.2			499.3			497.5			496.8			498.7			493.9			493.9			493.9			495.7			494.4

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Consolidated Balance Sheets

(amounts in millions)


	December 31, 2013		September 30, 2013		June 30, 2013		March 31, 2013		December 31, 2012
ASSETS
Investments:
Fixed maturity securities available-for-sale, at fair value	$	58,629	$	59,086	$	58,008	$	61,082	$	62,161
Equity securities available-for-sale, at fair value		341		379		411		490		518
Commercial mortgage loans		5,899		5,858		5,831		5,866		5,872
Restricted commercial mortgage loans related to securitization entities		233		290		309		324		341
Policy loans		1,434		1,668		1,671		1,606		1,601
Other invested assets		1,686		1,826		1,976		2,982		3,493
Restricted other invested assets related to securitization entities		391		392		392		399		393

Total investments		68,613		69,499		68,598		72,749		74,379
Cash and cash equivalents		4,214		3,554		3,613		3,797		3,632
Accrued investment income		678		705		639		769		715
Deferred acquisition costs		5,278		5,256		5,237		5,050		5,036
Intangible assets		399		404		433		346		366
Goodwill		867		867		867		868		868
Reinsurance recoverable		17,219		17,224		17,236		17,211		17,230
Other assets		639		668		704		706		710
Separate account assets		10,138		9,957		9,806		10,140		9,937
Assets associated with discontinued operations⁽¹⁾		—		—		443		439		439

Total assets	$	108,045	$	108,134	$	107,576	$	112,075	$	113,312

⁽¹⁾	The assets associated with discontinued operations prior to the sale on August 30, 2013 were segregated in the consolidated balance sheets. The major assets categories for discontinued operations were as follows:


	December 31, 2013		September 30, 2013		June 30, 2013		March 31, 2013		December 31, 2012
ASSETS
Other invested assets	$	—	$	—	$	10	$	10	$	10
Cash and cash equivalents		—		—		24		22		21
Intangible assets		—		—		118		116		115
Goodwill		—		—		247		247		260
Other assets		—		—		44		44		33

Assets associated with discontinued operations	$	—	$	—	$	443	$	439	$	439

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Consolidated Balance Sheets

(amounts in millions)


	December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013			December 31, 2012
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	33,705		$	33,612		$	33,437		$	33,601		$	33,505
Policyholder account balances		25,528			25,266			24,935			25,886			26,262
Liability for policy and contract claims		7,204			7,271			7,302			7,343			7,509
Unearned premiums		4,107			4,160			4,022			4,193			4,333
Other liabilities		4,096			4,607			4,629			5,028			5,239
Borrowings related to securitization entities		242			297			317			329			336
Non-recourse funding obligations		2,038			2,046			2,054			2,062			2,066
Long-term borrowings		5,161			4,780			4,720			4,766			4,776
Deferred tax liability		166			293			369			1,132			1,507
Separate account liabilities		10,138			9,957			9,806			10,140			9,937
Liabilities associated with discontinued operations⁽¹⁾		—			—			83			86			61

Total liabilities		92,385			92,289			91,674			94,566			95,531

Stockholders’ equity:
Common stock		1			1			1			1			1
Additional paid-in capital		12,167			12,149			12,139			12,131			12,127

Accumulated other comprehensive income (loss):
Net unrealized investment gains (losses):
Net unrealized gains on securities not other-than-temporarily impaired		914			1,106			1,296			2,471			2,692
Net unrealized gains (losses) on other-than-temporarily impaired securities		12			3			(2	)		(28	)		(54	)

Net unrealized investment gains (losses)		926			1,109			1,294			2,443			2,638

Derivatives qualifying as hedges		1,319			1,442			1,581			1,799			1,909
Foreign currency translation and other adjustments		297			388			267			582			655

Total accumulated other comprehensive income		2,542			2,939			3,142			4,824			5,202
Retained earnings		2,423			2,215			2,107			1,966			1,863
Treasury stock, at cost		(2,700	)		(2,700	)		(2,700	)		(2,700	)		(2,700	)

Total Genworth Financial, Inc.’s stockholders’ equity		14,433			14,604			14,689			16,222			16,493
Noncontrolling interests		1,227			1,241			1,213			1,287			1,288

Total stockholders’ equity		15,660			15,845			15,902			17,509			17,781

Total liabilities and stockholders’ equity	$	108,045		$	108,134		$	107,576		$	112,075		$	113,312

⁽¹⁾	The liabilities associated with discontinued operations prior to the sale on August 30, 2013 were segregated in the consolidated balance sheets. The major liability categories for discontinued operations were as follows:


	December 31, 2013		September 30, 2013		June 30, 2013		March 31, 2013		December 31, 2012
LIABILITIES
Other liabilities	$	—	$	—	$	67	$	70	$	48
Deferred tax liability		—		—		16		16		13

Liabilities associated with discontinued operations	$	—	$	—	$	83	$	86	$	61

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Consolidated Balance Sheet by Segment

(amounts in millions)


		December 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	$	55,027	$	8,895	$	2,255		$	1,635	$	2,672		$	3,021		$	73,505
Deferred acquisition costs and intangible assets		5,687		189		19			268		357			24			6,544
Reinsurance recoverable		16,245		20		51			28		875			—			17,219
Deferred tax and other assets		302		90		36			130		20			61			639
Separate account assets		—		—		—			—		10,138			—			10,138

Total assets	$	77,261	$	9,194	$	2,361		$	2,061	$	14,062		$	3,106		$	108,045

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	33,700	$	—	$	—		$	—	$	5		$	—		$	33,705
Policyholder account balances		22,210		—		—			16		3,302			—			25,528
Liability for policy and contract claims		5,216		378		1,482			108		20			—			7,204
Unearned premiums		632		2,815		129			522		9			—			4,107
Non-recourse funding obligations		2,068		—		—			—		—			(30	)		2,038
Deferred tax and other liabilities		3,950		385		(818	)		410		(50	)		385			4,262
Borrowings and capital securities		—		525		—			—		12			4,866			5,403
Separate account liabilities		—		—		—			—		10,138			—			10,138

Total liabilities		67,776		4,103		793			1,056		13,436			5,221			92,385

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		7,380		3,468		1,570			940		656			(2,123	)		11,891
Allocated accumulated other comprehensive income (loss)		2,105		396		(2	)		65		(30	)		8			2,542

Total Genworth Financial, Inc.’s stockholders’ equity		9,485		3,864		1,568			1,005		626			(2,115	)		14,433
Noncontrolling interests		—		1,227		—			—		—			—			1,227

Total stockholders’ equity		9,485		5,091		1,568			1,005		626			(2,115	)		15,660

Total liabilities and stockholders’ equity	$	77,261	$	9,194	$	2,361		$	2,061	$	14,062		$	3,106		$	108,045

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Consolidated Balance Sheet by Segment

(amounts in millions)


	September 30, 2013
	U.S. Life Insurance		International Mortgage Insurance		U.S. Mortgage Insurance			International Protection		Runoff			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	54,853	$	9,100	$	1,922		$	1,661	$	2,846		$	3,376		$	73,758
Deferred acquisition costs and intangible assets		5,646		205		20			264		384			8			6,527
Reinsurance recoverable		16,227		20		58			29		890			—			17,224
Deferred tax and other assets		268		99		43			141		61			56			668
Separate account assets		—		—		—			—		9,957			—			9,957

Total assets	$	76,994	$	9,424	$	2,043		$	2,095	$	14,138		$	3,440		$	108,134

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	33,607	$	—	$	—		$	—	$	5		$	—		$	33,612
Policyholder account balances		21,732		—		—			16		3,518			—			25,266
Liability for policy and contract claims		5,108		451		1,587			107		18			—			7,271
Unearned premiums		617		2,887		123			524		9			—			4,160
Non-recourse funding obligations		2,076		—		—			—		—			(30	)		2,046
Deferred tax and other liabilities		4,250		334		(829	)		463		(83	)		765			4,900
Borrowings and capital securities		—		544		—			—		11			4,522			5,077
Separate account liabilities		—		—		—			—		9,957			—			9,957

Total liabilities		67,390		4,216		881			1,110		13,435			5,257			92,289

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		7,185		3,436		1,160			937		738			(1,791	)		11,665
Allocated accumulated other comprehensive income (loss)		2,419		531		2			48		(35	)		(26	)		2,939

Total Genworth Financial, Inc.’s stockholders’ equity		9,604		3,967		1,162			985		703			(1,817	)		14,604
Noncontrolling interests		—		1,241		—			—		—			—			1,241

Total stockholders’ equity		9,604		5,208		1,162			985		703			(1,817	)		15,845

Total liabilities and stockholders’ equity	$	76,994	$	9,424	$	2,043		$	2,095	$	14,138		$	3,440		$	108,134

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Deferred Acquisition Costs Rollforward

(amounts in millions)


	U.S. Life Insurance⁽¹⁾			International Mortgage Insurance			U.S. Mortgage Insurance			International Protection			Runoff⁽²⁾			Corporate and Other		Total
Unamortized balance as of September 30, 2013	$	4,689		$	156		$	12		$	239		$	343		$	—	$	5,439
Costs deferred		88			12			1			24			—			—		125
Amortization, net of interest accretion		(64	)		(10	)		(1	)		(23	)		(9	)		—		(107	)
Impact of foreign currency translation		—			(6	)		—			3			—			—		(3	)

Unamortized balance as of December 31, 2013		4,713			152			12			243			334			—		5,454
Effect of accumulated net unrealized investment (gains) losses		(176	)		—			—			—			—			—		(176	)

Balance as of December 31, 2013	$	4,537		$	152		$	12		$	243		$	334		$	—	$	5,278

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

⁽²⁾	Amortization, net of interest accretion, included $2 million of amortization related to net investment losses for the policyholder account balances.

U.S. Life Insurance Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income—U.S. Life Insurance Division

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	761		$	751		$	738		$	707		$	2,957		$	759		$	754		$	733		$	543		$	2,789
Net investment income		675			650			658			638			2,621			661			644			651			638			2,594
Net investment gains (losses)		(2	)		(6	)		17			(12	)		(3	)		8			7			(21	)		(2	)		(8	)
Insurance and investment product fees and other		185			192			190			188			755			199			221			192			263			875

Total revenues		1,619			1,587			1,603			1,521			6,330			1,627			1,626			1,555			1,442			6,250

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,036			924			1,041			974			3,975			1,075			1,051			1,038			786			3,950
Interest credited		156			156			155			152			619			161			160			160			162			643
Acquisition and operating expenses, net of deferrals		164			154			177			163			658			169			170			169			169			677
Amortization of deferred acquisition costs and intangibles		78			139			80			87			384			78			94			82			223			477
Interest expense		25			25			24			23			97			26			24			24			12			86

Total benefits and expenses		1,459			1,398			1,477			1,399			5,733			1,509			1,499			1,473			1,352			5,833

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		160			189			126			122			597			118			127			82			90			417
Provision for income taxes		40			82			46			45			213			40			42			29			32			143

INCOME FROM CONTINUING OPERATIONS		120			107			80			77			384			78			85			53			58			274

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		4			(10	)		8			1			(2	)		1			11			6			16
(Gains) losses from life block transactions, net of taxes		—			—			—			—			—			—			6			—			41			47
(Gains) losses on early extinguishment of debt, net of taxes		—			—			—			—						(3	)		—			—			—			(3	)
Expenses related to restructuring, net of taxes		—			—			9			—			9			—			—			—			—			—

NET OPERATING INCOME	$	119		$	111		$	79		$	85		$	394		$	73		$	92		$	64		$	105		$	334


Effective tax rate (operating income)⁽¹⁾		25.3	%		43.0	%		37.1	%		36.4	%		35.7	%		32.6	%		32.6	%		36.1	%		35.4	%		34.2	%

⁽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

FOURTH QUARTER 2013

Net Operating Income—U.S. Life Insurance Division

(amounts in millions)


	U.S. Life Insurance Segment
Three months ended December 31, 2013	Life Insurance			Long-Term Care Insurance			Fixed Annuities			Total U.S. Life Insurance Segment			Total
REVENUES:
Premiums	$	164		$	582		$	15		$	761		$	761
Net investment income		139			291			245			675			675
Net investment gains (losses)		8			(4	)		(6	)		(2	)		(2	)
Insurance and investment product fees and other		183			—			2			185			185

Total revenues		494			869			256			1,619			1,619

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		241			701			94			1,036			1,036
Interest credited		66			—			90			156			156
Acquisition and operating expenses, net of deferrals		47			94			23			164			164
Amortization of deferred acquisition costs and intangibles		31			27			20			78			78
Interest expense		25			—			—			25			25

Total benefits and expenses		410			822			227			1,459			1,459

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		84			47			29			160			160
Provision for income taxes		22			8			10			40			40

INCOME FROM CONTINUING OPERATIONS		62			39			19			120			120

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

NET OPERATING INCOME	$	56		$	42		$	21		$	119		$	119



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


	U.S. Life Insurance Segment
Three months ended December 31, 2012	Life Insurance			Long-Term Care Insurance			Fixed Annuities			Total U.S. Life Insurance Segment			Total
REVENUES:
Premiums	$	177		$	552		$	30		$	759		$	759
Net investment income		137			273			251			661			661
Net investment gains (losses)		10			1			(3	)		8			8
Insurance and investment product fees and other		198			—			1			199			199

Total revenues		522			826			279			1,627			1,627

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		264			694			117			1,075			1,075
Interest credited		69			—			92			161			161
Acquisition and operating expenses, net of deferrals		44			105			20			169			169
Amortization of deferred acquisition costs and intangibles		35			17			26			78			78
Interest expense		25			1			—			26			26

Total benefits and expenses		437			817			255			1,509			1,509

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		85			9			24			118			118
Provision for income taxes		30			1			9			40			40

INCOME FROM CONTINUING OPERATIONS		55			8			15			78			78

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(6	)		(1	)		5			(2	)		(2	)
(Gains) losses on early extinguishment of debt, net of taxes		(3	)		—			—			(3	)		(3	)

NET OPERATING INCOME	$	46		$	7		$	20		$	73		$	73



Effective tax rate (operating income)		34.9	%		2.1	%		35.1	%		32.6	%		32.6	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income—U.S. Life Insurance Division

(amounts in millions)


	U.S. Life Insurance Segment
Twelve months ended December 31, 2013	Life Insurance			Long-Term Care Insurance			Fixed Annuities			Total U.S. Life Insurance Segment			Total
REVENUES:
Premiums	$	684		$	2,209		$	64		$	2,957		$	2,957
Net investment income		541			1,114			966			2,621			2,621
Net investment gains (losses)		13			(11	)		(5	)		(3	)		(3	)
Insurance and investment product fees and other		744			4			7			755			755

Total revenues		1,982			3,316			1,032			6,330			6,330

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		945			2,651			379			3,975			3,975
Interest credited		266			—			353			619			619
Acquisition and operating expenses, net of deferrals		194			385			79			658			658
Amortization of deferred acquisition costs and intangibles		192			107			85			384			384
Interest expense		97			—			—			97			97

Total benefits and expenses		1,694			3,143			896			5,733			5,733

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		288			173			136			597			597
Provision for income taxes		108			57			48			213			213

INCOME FROM CONTINUING OPERATIONS		180			116			88			384			384
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(9	)		7			3			1			1
Expenses related to restructuring, net of taxes		2			6			1			9			9

NET OPERATING INCOME	$	173		$	129		$	92		$	394		$	394



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


	U.S. Life Insurance Segment
Twelve months ended December 31, 2012	Life Insurance			Long-Term Care Insurance			Fixed Annuities			Total U.S. Life Insurance Segment			Total
REVENUES:
Premiums	$	542		$	2,143		$	104		$	2,789		$	2,789
Net investment income		525			1,060			1,009			2,594			2,594
Net investment gains (losses)		(6	)		—			(2	)		(8	)		(8	)
Insurance and investment product fees and other		865			4			6			875			875

Total revenues		1,926			3,207			1,117			6,250			6,250

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		923			2,574			453			3,950			3,950
Interest credited		265			—			378			643			643
Acquisition and operating expenses, net of deferrals		205			399			73			677			677
Amortization of deferred acquisition costs and intangibles		293			82			102			477			477
Interest expense		84			2			—			86			86

Total benefits and expenses		1,770			3,057			1,006			5,833			5,833

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		156			150			111			417			417
Provision for income taxes		54			49			40			143			143

INCOME FROM CONTINUING OPERATIONS		102			101			71			274			274
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		5			—			11			16			16
(Gains) losses from life block transactions, net of taxes		47			—			—			47			47
(Gains) losses on early extinguishment of debt, net of taxes		(3	)		—			—			(3	)		(3	)

NET OPERATING INCOME	$	151		$	101		$	82		$	334		$	334



Effective tax rate (operating income)		34.6	%		32.6	%		35.3	%		34.2	%		34.2	%

U.S. Life Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	164		$	166		$	173		$	181		$	684		$	177		$	187		$	189		$	(11	)	$	542
Net investment income		139			138			133			131			541			137			129			130			129			525
Net investment gains (losses)		8			—			9			(4	)		13			10			(2	)		(9	)		(5	)		(6	)
Insurance and investment product fees and other		183			188			187			186			744			198			219			188			260			865

Total revenues		494			492			502			494			1,982			522			533			498			373			1,926

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		241			160			280			264			945			264			313			281			65			923
Interest credited		66			68			68			64			266			69			66			65			65			265
Acquisition and operating expenses, net of deferrals		47			47			50			50			194			44			51			55			55			205
Amortization of deferred acquisition costs and intangibles		31			88			33			40			192			35			49			37			172			293
Interest expense		25			25			24			23			97			25			24			23			12			84

Total benefits and expenses		410			388			455			441			1,694			437			503			461			369			1,770

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		84			104			47			53			288			85			30			37			4			156
Provision for income taxes		22			50			16			20			108			30			10			13			1			54

INCOME FROM CONTINUING OPERATIONS		62			54			31			33			180			55			20			24			3			102

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(6	)		—			(6	)		3			(9	)		(6	)		2			6			3			5
(Gains) losses from life block transactions, net of taxes		—			—			—			—			—			—			6	⁽¹⁾		—			41	⁽²⁾		47
(Gains) losses on early extinguishment of debt, net of taxes		—			—			—			—			—			(3	)		—			—			—			(3	)
Expenses related to restructuring, net of taxes		—			—			2			—			2			—			—			—			—			—

NET OPERATING INCOME	$	56		$	54		$	27		$	36		$	173		$	46		$	28		$	30		$	47		$	151


Effective tax rate (operating income)		25.6	%		47.5	%		34.4	%		37.6	%		37.6	%		34.9	%		33.3	%		35.7	%		34.4	%		34.6	%

SALES:
Sales by Product:
Term Life	$	9		$	5		$	4		$	4		$	22		$	—		$	1		$	—		$	—		$	1
Term Universal Life		—			—			—			1			1			11			19			32			31			93
Universal Life		5			5			5			9			24			17			15			19			16			67
Linked-Benefits		3			2			3			2			10			3			3			3			3			12

Total Sales	$	17		$	12		$	12		$	16		$	57		$	31		$	38		$	54		$	50		$	173


Sales by Distribution Channel:
Financial Intermediaries	$	1		$	—		$	1		$	1		$	3		$	1		$	2		$	1		$	2		$	6
Independent Producers		16			12			10			15			53			30			35			52			48			165
Dedicated Sales Specialist		—			—			1			—			1			—			1			1			—			2


Total Sales	$	17		$	12		$	12		$	16		$	57		$	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

FOURTH QUARTER 2013

Life Insurance In-Force

(amounts in millions)


	2013								2012
	4Q		3Q		2Q		1Q		4Q		3Q		2Q		1Q
Term and Whole Life Insurance
Life insurance in-force, net of reinsurance	$	336,015	$	335,039	$	336,008	$	338,014	$	340,394	$	382,735	$	387,333	$	391,870
Life insurance in-force before reinsurance	$	523,694	$	525,171	$	528,874	$	534,194	$	539,317	$	546,829	$	554,019	$	561,186

Term Universal Life Insurance
Life insurance in-force, net of reinsurance	$	132,293	$	133,500	$	134,868	$	136,222	$	137,359	$	133,846	$	119,687	$	112,906
Life insurance in-force before reinsurance	$	133,348	$	134,555	$	135,937	$	137,297	$	138,436	$	134,921	$	127,640	$	113,737

Universal Life Insurance
Life insurance in-force, net of reinsurance	$	43,150	$	43,447	$	43,773	$	44,051	$	44,129	$	43,523	$	43,232	$	42,734
Life insurance in-force before reinsurance	$	49,790	$	50,203	$	50,558	$	50,906	$	50,954	$	50,364	$	50,083	$	49,527

Total Life Insurance
Life insurance in-force, net of reinsurance	$	511,458	$	511,986	$	514,649	$	518,287	$	521,882	$	560,104	$	550,252	$	547,510
Life insurance in-force before reinsurance	$	706,832	$	709,929	$	715,369	$	722,397	$	728,707	$	732,114	$	731,742	$	724,450

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	582		$	564		$	550		$	513		$	2,209		$	552		$	541		$	529		$	521		$	2,143
Net investment income		291			282			277			264			1,114			273			266			266			255			1,060
Net investment gains (losses)		(4	)		(2	)		(2	)		(3	)		(11	)		1			1			—			(2	)		—
Insurance and investment product fees and other		—			2			1			1			4			—			1			2			1			4

Total revenues		869			846			826			775			3,316			826			809			797			775			3,207

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		701			659			663			628			2,651			694			625			654			601			2,574
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		94			90			107			94			385			105			100			96			98			399
Amortization of deferred acquisition costs and intangibles		27			31			24			25			107			17			19			24			22			82
Interest expense		—			—			—			—			—			1			—			1			—			2

Total benefits and expenses		822			780			794			747			3,143			817			744			775			721			3,057

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		47			66			32			28			173			9			65			22			54			150
Provision for income taxes		8			26			13			10			57			1			20			8			20			49

INCOME FROM CONTINUING OPERATIONS		39			40			19			18			116			8			45			14			34			101
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		3			1			1			2			7			(1	)		—			—			1			—
Expenses related to restructuring, net of taxes		—			—			6			—			6			—			—			—			—			—

NET OPERATING INCOME	$	42		$	41		$	26		$	20		$	129		$	7		$	45		$	14		$	35		$	101


Effective tax rate (operating income)		19.8	%		38.6	%		40.2	%		35.4	%		33.3	%		2.1	%		30.9	%		38.4	%		36.5	%		32.6	%

SALES:
Sales by Distribution Channel:
Financial Intermediaries	$	2		$	4		$	3		$	4		$	13		$	6		$	5		$	5		$	5		$	21
Independent Producers		17			20			23			21			81			41			46			35			28			150
Dedicated Sales Specialist		5			13			12			10			40			13			12			13			12			50

Total Individual Long-Term Care Insurance		24			37			38			35			134			60			63			53			45			221
Group Long-Term Care Insurance		2			3			5			5			15			4			6			7			3			20

Total Sales	$	26		$	40		$	43		$	40		$	149		$	64		$	69		$	60		$	48		$	241



RATIOS:
Loss Ratio⁽¹⁾		68.2	%		63.7	%		66.6	%		66.2	%		66.2	%		73.2	%		62.8	%		71.2	%		63.4	%		67.7	%
Gross Benefits Ratio⁽²⁾		120.4	%		116.8	%		120.3	%		122.8	%		120.0	%		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

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	15		$	21		$	15		$	13		$	64		$	30		$	26		$	15		$	33		$	104
Net investment income		245			230			248			243			966			251			249			255			254			1,009
Net investment gains (losses)		(6	)		(4	)		10			(5	)		(5	)		(3	)		8			(12	)		5			(2	)
Insurance and investment product fees and other		2			2			2			1			7			1			1			2			2			6

Total revenues		256			249			275			252			1,032			279			284			260			294			1,117

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		94			105			98			82			379			117			113			103			120			453
Interest credited		90			88			87			88			353			92			94			95			97			378
Acquisition and operating expenses, net of deferrals		23			17			20			19			79			20			19			18			16			73
Amortization of deferred acquisition costs and intangibles		20			20			23			22			85			26			26			21			29			102
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		227			230			228			211			896			255			252			237			262			1,006

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		29			19			47			41			136			24			32			23			32			111
Provision for income taxes		10			6			17			15			48			9			12			8			11			40

INCOME FROM CONTINUING OPERATIONS		19			13			30			26			88			15			20			15			21			71

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		2			3			(5	)		3			3			5			(1	)		5			2			11
Expenses related to restructuring, net of taxes		—			—			1			—			1			—			—			—			—			—

NET OPERATING INCOME	$	21		$	16		$	26		$	29		$	92		$	20		$	19		$	20		$	23		$	82


Effective tax rate (operating income)		33.6	%		35.4	%		36.3	%		35.5	%		35.3	%		35.1	%		35.4	%		35.3	%		35.6	%		35.3	%

SALES:
Sales by Product:
Single Premium Immediate Annuities	$	52		$	53		$	48		$	40		$	193		$	69		$	63		$	51		$	74		$	257
Single Premium Deferred Annuities		678			707			164			67			1,616			179			424			285			262			1,150

Total Sales	$	730		$	760		$	212		$	107		$	1,809		$	248		$	487		$	336		$	336		$	1,407

Sales by Distribution Channel:
Financial Intermediaries	$	425		$	528		$	134		$	47		$	1,134		$	120		$	336		$	242		$	216		$	914
Independent Producers		292			226			71			56			645			118			145			90			116			469
Dedicated Sales Specialists		13			6			7			4			30			10			6			4			4			24

Total Sales	$	730		$	760		$	212		$	107		$	1,809		$	248		$	487		$	336		$	336		$	1,407

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Single Premium Deferred Annuities
Account value, beginning of the period	$	11,341		$	10,842		$	10,881		$	11,038		$	11,038		$	11,104		$	10,904		$	10,849		$	10,831		$	10,831
Deposits		686			714			166			68			1,634			184			427			286			264			1,161
Surrenders, benefits and product charges		(300	)		(293	)		(281	)		(302	)		(1,176	)		(331	)		(310	)		(314	)		(330	)		(1,285	)

Net flows		386			421			(115	)		(234	)		458			(147	)		117			(28	)		(66	)		(124	)
Interest credited		80			78			76			77			311			81			83			83			84			331

Account value, end of the period		11,807			11,341			10,842			10,881			11,807			11,038			11,104			10,904			10,849			11,038


Single Premium Immediate Annuities
Account value, beginning of the period		5,931			6,010			6,319			6,442			6,442			6,469			6,427			6,404			6,433			6,433
Premiums and deposits		91			80			71			65			307			93			90			81			106			370
Surrenders, benefits and product charges		(221	)		(214	)		(228	)		(235	)		(898	)		(235	)		(222	)		(235	)		(237	)		(929	)

Net flows		(130	)		(134	)		(157	)		(170	)		(591	)		(142	)		(132	)		(154	)		(131	)		(559	)
Interest credited		69			71			72			73			285			75			75			77			78			305
Effect of accumulated net unrealized investment gains (losses)		(33	)		(16	)		(224	)		(26	)		(299	)		40			99			100			24			263

Account value, end of the period		5,837			5,931			6,010			6,319			5,837			6,442			6,469			6,427			6,404			6,442


Structured Settlements
Account value, net of reinsurance, beginning of the period		1,095			1,097			1,101			1,101			1,101			1,104			1,106			1,107			1,107			1,107
Surrenders, benefits and product charges		(16	)		(17	)		(18	)		(15	)		(66	)		(17	)		(17	)		(16	)		(14	)		(64	)

Net flows		(16	)		(17	)		(18	)		(15	)		(66	)		(17	)		(17	)		(16	)		(14	)		(64	)
Interest credited		14			15			14			15			58			14			15			15			14			58

Account value, net of reinsurance, end of the period		1,093			1,095			1,097			1,101			1,093			1,101			1,104			1,106			1,107			1,101

Total Fixed Annuities	$	18,737		$	18,367		$	17,949		$	18,301		$	18,737		$	18,581		$	18,677		$	18,437		$	18,360		$	18,581

Global Mortgage Insurance Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income (Loss)—Global Mortgage Insurance Division

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	390		$	380		$	392		$	388		$	1,550		$	395		$	394		$	393		$	383		$	1,565
Net investment income		93			98			95			107			393			104			112			107			120			443
Net investment gains (losses)		9			7			13			3			32			12			—			11			29			52
Insurance and investment product fees and other		1			—			—			1			2			2			—			20			2			24

Total revenues		493			485			500			499			1,977			513			506			531			534			2,084

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		172			196			177			184			729			275			273			289			404			1,241
Acquisition and operating expenses, net of deferrals		107			91			96			91			385			(91	)		102			94			93			198
Amortization of deferred acquisition costs and intangibles		15			15			19			17			66			15			18			18			18			69
Interest expense		7			9			8			9			33			9			9			8			10			36

Total benefits and expenses		301			311			300			301			1,213			208			402			409			525			1,544

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		192			174			200			198			764			305			104			122			9			540
Provision (benefit) for income taxes		44			45			55			57			201			66			12			31			(4	)		105

INCOME FROM CONTINUING OPERATIONS		148			129			145			141			563			239			92			91			13			435
Less: net income attributable to noncontrolling interests		37			40			39			38			154			98			36			33			33			200

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		111			89			106			103			409			141			56			58			(20	)		235

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(4	)		(2	)		(5	)		(1	)		(12	)		(8	)		1			(7	)		(17	)		(31	)
Expenses related to restructuring, net of taxes		—			—			1			—			1			—			—			—			—			—

NET OPERATING INCOME (LOSS)⁽¹⁾	$	107		$	87		$	102		$	102		$	398		$	133		$	57		$	51		$	(37	)	$	204


Effective tax rate (operating income (loss))		20.7	%		25.3	%		27.2	%		30.0	%		25.9	%		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 $116 million and $418 million for the three and twelve months ended December 31, 2013, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income (Loss)—Global Mortgage Insurance Division

(amounts in millions)


	International Mortgage Insurance Segment
Three months ended December 31, 2013	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	137		$	98		$	13		$	248		$	142		$	390
Net investment income		41			38			1			80			13			93
Net investment gains (losses)		6			—			3			9			—			9
Insurance and investment product fees and other		—			1			—			1			—			1

Total revenues		184			137			17			338			155			493

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		30			21			13			64			108			172
Acquisition and operating expenses, net of deferrals		29			34			9			72			35			107
Amortization of deferred acquisition costs and intangibles		8			5			1			14			1			15
Interest expense		5			2			—			7			—			7

Total benefits and expenses		72			62			23			157			144			301

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		112			75			(6	)		181			11			192
Provision for income taxes		28			9			2			39			5			44

INCOME (LOSS) FROM CONTINUING OPERATIONS		84			66			(8	)		142			6			148
Less: net income attributable to noncontrolling interests		37			—			—			37			—			37

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		47			66			(8	)		105			6			111

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(3	)		—			(1	)		(4	)		—			(4	)

NET OPERATING INCOME (LOSS)	$	44		$	66		$	(9	)	$	101		$	6		$	107


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

	International Mortgage Insurance Segment
Three months ended December 31, 2012	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	147		$	101		$	9		$	257		$	138		$	395
Net investment income		47			44			1			92			12			104
Net investment gains (losses)		1			1			(1	)		1			11			12
Insurance and investment product fees and other		—			—			1			1			1			2

Total revenues		195			146			10			351			162			513

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		46			37			12			95			180			275
Acquisition and operating expenses, net of deferrals		(163	)		27			9			(127	)		36			(91	)
Amortization of deferred acquisition costs and intangibles		9			5			—			14			1			15
Interest expense		6			3			—			9			—			9

Total benefits and expenses		(102	)		72			21			(9	)		217			208

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		297			74			(11	)		360			(55	)		305
Provision (benefit) for income taxes		84			12			—			96			(30	)		66

INCOME (LOSS) FROM CONTINUING OPERATIONS		213			62			(11	)		264			(25	)		239
Less: net income attributable to noncontrolling interests		98			—			—			98			—			98

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		115			62			(11	)		166			(25	)		141

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	)		(7	)		(8	)

NET OPERATING INCOME (LOSS)	$	114		$	62		$	(11	)	$	165		$	(32	)	$	133


Effective tax rate (operating income (loss))		31.6	%		16.5	%		-5.6	%		28.5	%		50.7	%		19.6	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income (Loss)—Global Mortgage Insurance Division

(amounts in millions)


	International Mortgage Insurance Segment
Twelve months ended December 31, 2013	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	560		$	398		$	38		$	996		$	554		$	1,550
Net investment income		170			159			4			333			60			393
Net investment gains (losses)		31			(2	)		3			32			—			32
Insurance and investment product fees and other		(1	)		—			1			—			2			2

Total revenues		760			555			46			1,361			616			1,977

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		139			134			44			317			412			729
Acquisition and operating expenses, net of deferrals		93			110			38			241			144			385
Amortization of deferred acquisition costs and intangibles		37			22			1			60			6			66
Interest expense		22			11			—			33			—			33

Total benefits and expenses		291			277			83			651			562			1,213

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		469			278			(37	)		710			54			764
Provision for income taxes		133			51			—			184			17			201

INCOME (LOSS) FROM CONTINUING OPERATIONS		336			227			(37	)		526			37			563
Less: net income attributable to noncontrolling interests		154			—			—			154			—			154

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		182			227			(37	)		372			37			409

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(12	)		1			(1	)		(12	)		—			(12	)
Expenses related to restructuring, net of taxes		—			—			1			1			—			1

NET OPERATING INCOME (LOSS)	$	170		$	228		$	(37	)	$	361		$	37		$	398


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

	International Mortgage Insurance Segment
Twelve months ended December 31, 2012	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	587		$	388		$	41		$	1,016		$	549		$	1,565
Net investment income		187			181			7			375			68			443
Net investment gains (losses)		12			(2	)		6			16			36			52
Insurance and investment product fees and other		—			—			1			1			23			24

Total revenues		786			567			55			1,408			676			2,084

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		193			274			49			516			725			1,241
Acquisition and operating expenses, net of deferrals		(80	)		99			36			55			143			198
Amortization of deferred acquisition costs and intangibles		39			24			1			64			5			69
Interest expense		23			13			—			36			—			36

Total benefits and expenses		175			410			86			671			873			1,544

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		611			157			(31	)		737			(197	)		540
Provision (benefit) for income taxes		172			17			(1	)		188			(83	)		105

INCOME (LOSS) FROM CONTINUING OPERATIONS		439			140			(30	)		549			(114	)		435
Less: net income attributable to noncontrolling interests		200			—			—			200			—			200

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		239			140			(30	)		349			(114	)		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		(5	)		2			(4	)		(7	)		(24	)		(31	)

NET OPERATING INCOME (LOSS)	$	234		$	142		$	(34	)	$	342		$	(138	)	$	204


Effective tax rate (operating income (loss))		29.9	%		11.3	%		8.8	%		25.1	%		41.0	%		8.5	%

International Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income—International Mortgage Insurance Segment

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	248		$	243		$	251		$	254		$	996		$	257		$	256		$	256		$	247		$	1,016
Net investment income		80			80			85			88			333			92			92			94			97			375
Net investment gains (losses)		9			7			13			3			32			1			2			11			2			16
Insurance and investment product fees and other		1			(1	)		—			—			—			1			—			—			—			1

Total revenues		338			329			349			345			1,361			351			350			361			346			1,408

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		64			73			80			100			317			95			99			115			207			516
Acquisition and operating expenses, net of deferrals		72			56			61			52			241			(127	)		62			61			59			55
Amortization of deferred acquisition costs and intangibles		14			13			17			16			60			14			17			16			17			64
Interest expense		7			9			8			9			33			9			9			8			10			36

Total benefits and expenses		157			151			166			177			651			(9	)		187			200			293			671

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		181			178			183			168			710			360			163			161			53			737
Provision for income taxes		39			46			51			48			184			96			34			45			13			188

INCOME FROM CONTINUING OPERATIONS		142			132			132			120			526			264			129			116			40			549
Less: net income attributable to noncontrolling interests		37			40			39			38			154			98			36			33			33			200

INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		105			92			93			82			372			166			93			83			7			349

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(4	)		(2	)		(5	)		(1	)		(12	)		(1	)		1			(7	)		—			(7	)
Expenses related to restructuring, net of taxes		—			—			1			—			1			—			—			—			—			—

NET OPERATING INCOME⁽¹⁾	$	101		$	90		$	89		$	81		$	361		$	165		$	94		$	76		$	7		$	342


Effective tax rate (operating income)		18.8	%		25.0	%		27.8	%		29.9	%		25.3	%		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 $110 million and $381 million for the three and twelve months ended December 31, 2013, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q⁽¹⁾			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	137		$	138		$	141		$	144		$	560		$	147		$	147		$	148		$	145		$	587
Net investment income		41			43			42			44			170			47			46			47			47			187
Net investment gains (losses)		6			9			12			4			31			1			4			1			6			12
Insurance and investment product fees and other		—			—			(1	)		—			(1	)		—			—			—			—			—

Total revenues		184			190			194			192			760			195			197			196			198			786

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		30			30			35			44			139			46			44			48			55			193
Acquisition and operating expenses, net of deferrals		29			23			22			19			93			(163	)		28			29			26			(80	)
Amortization of deferred acquisition costs and intangibles		8			9			10			10			37			9			10			10			10			39
Interest expense		5			6			5			6			22			6			6			5			6			23

Total benefits and expenses		72			68			72			79			291			(102	)		88			92			97			175

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		112			122			122			113			469			297			109			104			101			611
Provision for income taxes		28			38			35			32			133			84			29			30			29			172

INCOME FROM CONTINUING OPERATIONS		84			84			87			81			336			213			80			74			72			439
Less: net income attributable to noncontrolling interests		37			40			39			38			154			98			36			33			33			200

INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		47			44			48			43			182			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		(3	)		(3	)		(5	)		(1	)		(12	)		(1	)		(2	)		—			(2	)		(5	)

NET OPERATING INCOME⁽²⁾	$	44		$	41		$	43		$	42		$	170		$	114		$	42		$	41		$	37		$	234


Effective tax rate (operating income)		22.9	%		35.0	%		29.3	%		30.2	%		29.5	%		31.6	%		25.6	%		30.0	%		29.3	%		29.9	%

SALES:
New Insurance Written (NIW)
Flow	$	5,000		$	6,000		$	4,700		$	3,300		$	19,000		$	4,400		$	7,200		$	5,700		$	3,500		$	20,800
Bulk		2,400			3,900			6,400			2,400			15,100			4,100			2,600			13,100			500			20,300

Total Canada NIW⁽³⁾	$	7,400		$	9,900		$	11,100		$	5,700		$	34,100		$	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 $46 million and $174 million for the three and twelve months ended December 31, 2013, respectively.

⁽³⁾	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $7,800 million and $34,900 million for the three and twelve months ended December 31, 2013, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	98		$	98		$	101		$	101		$	398		$	101		$	98		$	98		$	91		$	388
Net investment income		38			36			42			43			159			44			44			46			47			181
Net investment gains (losses)		—			(2	)		1			(1	)		(2	)		1			(2	)		4			(5	)		(2	)
Insurance and investment product fees and other		1			(1	)		—			—			—			—			—			—			—			—

Total revenues		137			131			144			143			555			146			140			148			133			567

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		21			29			36			48			134			37			46			53			138			274
Acquisition and operating expenses, net of deferrals		34			25			27			24			110			27			26			23			23			99
Amortization of deferred acquisition costs and intangibles		5			5			6			6			22			5			6			6			7			24
Interest expense		2			3			3			3			11			3			3			3			4			13

Total benefits and expenses		62			62			72			81			277			72			81			85			172			410

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		75			69			72			62			278			74			59			63			(39	)		157
Provision (benefit) for income taxes		9			9			17			16			51			12			4			16			(15	)		17

INCOME (LOSS) FROM CONTINUING OPERATIONS		66			60			55			46			227			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		66			60			55			46			227			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		—			1			—			—			1			—			2			(3	)		3			2

NET OPERATING INCOME (LOSS)⁽¹⁾	$	66		$	61		$	55		$	46		$	228		$	62		$	57		$	44		$	(21	)	$	142


Effective tax rate (operating income (loss))		12.0	%		13.7	%		23.5	%		26.7	%		18.6	%		16.5	%		8.2	%		24.8	%		39.9	%		11.3	%

SALES:
New Insurance Written (NIW)
Flow	$	9,000		$	8,000		$	8,700		$	7,900		$	33,600		$	9,600		$	8,800		$	8,200		$	7,700		$	34,300
Bulk		—			100			900			—			1,000			—			—			300			300			600

Total Australia NIW⁽²⁾	$	9,000		$	8,100		$	9,600		$	7,900		$	34,600		$	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 $72 million and $242 million for the three and twelve months ended December 31, 2013, respectively.

⁽²⁾	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $9,900 million and $36,500 million for the three and twelve months ended December 31, 2013, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	13		$	7		$	9		$	9		$	38		$	9		$	11		$	10		$	11		$	41
Net investment income		1			1			1			1			4			1			2			1			3			7
Net investment gains (losses)		3			—			—			—			3			(1	)		—			6			1			6
Insurance and investment product fees and other		—			—			1			—			1			1			—			—			—			1

Total revenues		17			8			11			10			46			10			13			17			15			55

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		13			14			9			8			44			12			9			14			14			49
Acquisition and operating expenses, net of deferrals		9			8			12			9			38			9			8			9			10			36
Amortization of deferred acquisition costs and intangibles		1			(1	)		1			—			1			—			1			—			—			1
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		23			21			22			17			83			21			18			23			24			86

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(6	)		(13	)		(11	)		(7	)		(37	)		(11	)		(5	)		(6	)		(9	)		(31	)
Provision (benefit) for income taxes		2			(1	)		(1	)		—			—			—			1			(1	)		(1	)		(1	)

LOSS FROM CONTINUING OPERATIONS		(8	)		(12	)		(10	)		(7	)		(37	)		(11	)		(6	)		(5	)		(8	)		(30	)
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—			—			—			—			—

LOSS FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		(8	)		(12	)		(10	)		(7	)		(37	)		(11	)		(6	)		(5	)		(8	)		(30	)

ADJUSTMENTS TO 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			(4	)		(1	)		(4	)
Expenses related to restructuring, net of taxes		—			—			1			—			1			—			—			—			—			—

NET OPERATING LOSS⁽¹⁾	$	(9	)	$	(12	)	$	(9	)	$	(7	)	$	(37	)	$	(11	)	$	(5	)	$	(9	)	$	(9	)	$	(34	)


Effective tax rate (operating loss)		-15.3	%		11.2	%		5.7	%		4.9	%		3.1	%		-5.6	%		-0.6	%		26.7	%		10.1	%		8.8	%

SALES:
New Insurance Written (NIW)
Flow	$	500		$	500		$	400		$	400		$	1,800		$	500		$	400		$	500		$	300		$	1,700
Bulk		600			—			—			—			600			—			—			—			—			—

Total Other Countries NIW⁽²⁾	$	1,100		$	500		$	400		$	400		$	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 $(8) million and $(35) million for the three and twelve months ended December 31, 2013, respectively.

⁽²⁾	New insurance written for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $1,100 million and $2,400 million for the three and twelve months ended December 31, 2013, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Net Premiums Written
Canada	$	125		$	156		$	134		$	84		$	499		$	118		$	176		$	175		$	79		$	548
Australia		147			123			132			117			519			157			131			103			102			493
Other Countries⁽¹⁾		6			6			7			5			24			—			7			7			6			20

Total Net Premiums Written	$	278		$	285		$	273		$	206		$	1,042		$	275		$	314		$	285		$	187		$	1,061

Loss Ratio⁽²⁾
Canada		22	%		22	%		25	%		31	%		25	%		31	%		30	%		32	%		38	%		33	%
Australia		21	%		31	%		35	%		47	%		34	%		36	%		47	%		54	%		154	%		70	%
Other Countries		102	%		170	%		110	%		90	%		115	%		133	%		97	%		129	%		128	%		122	%
Total Loss Ratio		25	%		31	%		32	%		39	%		32	%		37	%		39	%		45	%		84	%		51	%

GAAP Basis Expense Ratio⁽³⁾
Canada⁽⁴⁾		27	%		23	%		22	%		20	%		23	%		-103	%		26	%		26	%		25	%		-7	%
Australia		39	%		30	%		32	%		31	%		33	%		32	%		32	%		30	%		33	%		32	%
Other Countries⁽¹⁾		69	%		106	%		129	%		113	%		101	%		103	%		85	%		82	%		94	%		90	%
Total GAAP Basis Expense Ratio⁽⁴⁾		34	%		29	%		30	%		27	%		30	%		-43	%		30	%		30	%		31	%		12	%

Adjusted Expense Ratio⁽⁵⁾
Canada⁽⁴⁾		30	%		20	%		23	%		35	%		26	%		-130	%		21	%		22	%		46	%		-7	%
Australia		26	%		24	%		25	%		27	%		25	%		21	%		24	%		29	%		29	%		25	%
Other Countries⁽¹⁾		146	%		136	%		177	%		174	%		158	%		NM	⁽⁶⁾		118	%		131	%		162	%		185	%
Total Adjusted Expense Ratio⁽⁴⁾		31	%		24	%		28	%		34	%		29	%		-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 $316 million, $285 million, $250 million, $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 December 31, 2013, September 30, 2013, June 30, 2013, 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.

⁽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

FOURTH QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)


	2013										2012
	4Q		3Q		2Q			1Q			4Q			3Q		2Q		1Q
Primary Insurance In-Force
Canada	$	298,000	$	300,700	$	285,200	⁽¹⁾	$	284,700	⁽¹⁾	$	303,400	⁽¹⁾	$	299,600	$	281,700	$	269,100
Australia		267,900		275,500		266,500			299,000			295,600			291,500		286,200		287,100
Other Countries		26,300		32,500		31,300			31,400			32,200			31,900		31,400		33,600

Total Primary Insurance In-Force	$	592,200	$	608,700	$	583,000		$	615,100		$	631,200		$	623,000	$	599,300	$	589,800

Primary Risk In-Force⁽²⁾
Canada
Flow	$	82,300	$	83,400	$	79,700		$	80,900		$	81,900		$	81,300	$	76,600	$	76,200
Bulk		22,000		21,900		20,100			18,800			24,300			23,500		22,000		18,000

Total Canada		104,300		105,300		99,800			99,700			106,200			104,800		98,600		94,200

Australia
Flow		86,700		88,800		85,700			96,100			94,800			93,100		90,600		90,600
Bulk		7,100		7,600		7,600			8,500			8,700			9,000		9,600		9,900

Total Australia		93,800		96,400		93,300			104,600			103,500			102,100		100,200		100,500

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

Total Other Countries		3,600		4,300		4,200			4,200			4,300			4,300		4,300		4,600

Total Primary Risk In-Force	$	201,700	$	206,000	$	197,300		$	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 $155.0 billion as of September 30, 2013 and $150.0 billion as of June 30, 2013, March 31, 2013 and 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

FOURTH QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment —Canada

(dollar amounts in millions)



Primary Insurance	December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013			December 31, 2012
Insured loans in-force⁽¹⁾		1,527,554			1,501,139			1,464,060			1,428,163			1,502,858
Insured delinquent loans		1,830			1,778			1,778			1,963			2,153
Insured delinquency rate⁽²⁾		0.12	%		0.12	%		0.12	%		0.14	%		0.14	%

Flow loans in-force⁽¹⁾		1,187,753			1,171,486			1,151,957			1,136,321			1,126,468
Flow delinquent loans		1,591			1,566			1,562			1,726			1,924
Flow delinquency rate⁽²⁾		0.13	%		0.13	%		0.14	%		0.15	%		0.17	%

Bulk loans in-force⁽¹⁾		339,801			329,653			312,103			291,842			376,390
Bulk delinquent loans		239			212			216			237			229
Bulk delinquency rate⁽²⁾		0.07	%		0.06	%		0.07	%		0.08	%		0.06	%

Loss Metrics	December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013			December 31, 2012

Beginning Reserves	$	108		$	112		$	118		$	130		$	136
Paid claims⁽³⁾		(33	)		(33	)		(39	)		(53	)		(52	)
Increase in reserves		30			27			36			44			40
Impact of changes in foreign exchange rates		(3	)		2			(3	)		(3	)		6

Ending Reserves	$	102		$	108		$	112		$	118		$	130


	December 31, 2013						September 30, 2013						December 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		46	%		0.08	%		47	%		0.07	%		46	%		0.09%
British Columbia		15			0.17	%		15			0.18	%		16			0.18%
Alberta		17			0.14	%		16			0.14	%		16			0.22%
Quebec		14			0.17	%		14			0.17	%		14			0.19%
Nova Scotia		2			0.19	%		2			0.21	%		2			0.20%
Saskatchewan		2			0.08	%		2			0.12	%		2			0.11%
Manitoba		2			0.09	%		2			0.08	%		2			0.07%
New Brunswick		1			0.24	%		1			0.21	%		1			0.21%
All Other		1			0.12	%		1			0.12	%		1			0.09%

Total		100	%		0.12	%		100	%		0.12	%		100	%		0.14%


By Policy Year
2005 and prior		27	%		0.03	%		27	%		0.03	%		29	%		0.04%
2006		8			0.10	%		8			0.11	%		8			0.16%
2007		10			0.23	%		10			0.24	%		16			0.24%
2008		8			0.27	%		8			0.28	%		9			0.31%
2009		5			0.25	%		6			0.23	%		6			0.29%
2010		9			0.25	%		9			0.24	%		9			0.29%
2011		8			0.24	%		9			0.25	%		9			0.18%
2012		13			0.10	%		13			0.07	%		14			0.02%
2013		12			0.03	%		10			0.01	%		—			— %

Total		100	%		0.12	%		100	%		0.12	%		100	%		0.14%

⁽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

FOURTH QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment—Canada

(Canadian dollar amounts in millions)


	2013														2012
	4Q			3Q			2Q			1Q			Total		4Q			3Q			2Q			1Q			Total
Paid Claims⁽¹⁾
Flow	$	32		$	32		$	39		$	51		$	154	$	49		$	52		$	52		$	62		$	215
Bulk		2			2			1			2			7		2			2			2			2			8

Total Paid Claims	$	34		$	34		$	40		$	53		$	161	$	51		$	54		$	54		$	64		$	223


Average Paid Claim (in thousands)	$	72.2		$	69.4		$	73.1		$	84.9				$	84.6		$	80.9		$	76.7		$	73.0

Average Reserve Per Delinquency (in thousands)	$	59.0		$	62.5		$	66.1		$	61.3				$	60.1		$	61.1		$	59.4		$	56.6

Loss Metrics

Beginning Reserves	$	111		$	118		$	120		$	129				$	134		$	143		$	148		$	164
Paid claims		(34	)		(34	)		(40	)		(53	)				(51	)		(54	)		(54	)		(64	)
Increase in reserves		31			27			38			44					46			45			49			48

Ending Reserves	$	108		$	111		$	118		$	120				$	129		$	134		$	143		$	148

Loan Amount
Over $550K		5	%		5	%		5	%		5	%				5	%		5	%		5	%		5	%
$400K to $550K		10			10			10			10					9			9			9			8
$250K to $400K		32			32			32			31					31			30			30			30
$100K to $250K		48			48			48			49					49			50			50			51
$100K or Less		5			5			5			5					6			6			6			6

Total		100	%		100	%		100	%		100	%				100	%		100	%		100	%		100	%

Average Primary Loan Size (in thousands)	$	207		$	206		$	205		$	203				$	201		$	199		$	197		$	196

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

2006 and prior		39	%		36	%		38	%		39	%				40	%		40	%		41	%		42	%
2007		65	%		64	%		66	%		68	%				68	%		69	%		69	%		71	%
2008		72	%		69	%		71	%		72	%				73	%		73	%		74	%		76	%
2009		70	%		71	%		73	%		74	%				75	%		75	%		76	%		78	%
2010		77	%		77	%		80	%		81	%				82	%		82	%		83	%		85	%
2011		82	%		83	%		86	%		87	%				88	%		88	%		88	%		91	%
2012		87	%		87	%		90	%		91	%				92	%		91	%		91	%		—	%
2013		92	%		91	%		92	%		—	%				—	%		—	%		—	%		—	%
Total Flow		57	%		55	%		56	%		56	%				56	%		56	%		56	%		57	%

Total Bulk		41	%		34	%		31	%		31	%				29	%		29	%		26	%		28	%

Total		53	%		51	%		50	%		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

FOURTH QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment—Australia

(dollar amounts in millions)


Primary Insurance	December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013			December 31, 2012
Insured loans in-force		1,474,181			1,463,148			1,459,376			1,448,090			1,440,719
Insured delinquent loans		4,980			5,454			5,820			5,868			5,851
Insured delinquency rate		0.34	%		0.37	%		0.40	%		0.41	%		0.41	%

Flow loans in-force		1,350,571			1,336,901			1,330,157			1,320,701			1,311,052
Flow delinquent loans		4,760			5,192			5,513			5,567			5,567
Flow delinquency rate		0.35	%		0.39	%		0.41	%		0.42	%		0.42	%

Bulk loans in-force		123,610			126,247			129,219			127,389			129,667
Bulk delinquent loans		220			262			307			301			284
Bulk delinquency rate		0.18	%		0.21	%		0.24	%		0.24	%		0.22	%

Loss Metrics	December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013			December 31, 2012

Beginning Reserves	$	198		$	200		$	238		$	251		$	287
Paid claims		(39	)		(37	)		(45	)		(61	)		(73	)
Increase in reserves		20			30			35			48			37
Impact of changes in foreign exchange rates		(7	)		5			(28	)		—			—

Ending Reserves	$	172		$	198		$	200		$	238		$	251


	December 31, 2013						September 30, 2013						December 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	%		0.30	%		30	%		0.35	%		30	%		0.39%
Victoria		23			0.30	%		23			0.31	%		23			0.31%
Queensland		22			0.46	%		22			0.52	%		23			0.57%
Western Australia		11			0.29	%		11			0.32	%		11			0.38%
South Australia		6			0.40	%		6			0.45	%		6			0.46%
New Zealand		2			0.38	%		2			0.50	%		2			0.55%
Australian Capital Territory		3			0.10	%		3			0.09	%		2			0.08%
Tasmania		2			0.31	%		2			0.32	%		2			0.39%
Northern Territory		1			0.25	%		1			0.16	%		1			0.15%

Total		100	%		0.34	%		100	%		0.37	%		100	%		0.41%

By Policy Year
2005 and prior		27	%		0.15	%		28	%		0.16	%		29	%		0.18%
2006		8			0.54	%		8			0.62	%		9			0.65%
2007		9			0.69	%		9			0.76	%		10			0.87%
2008		8			0.85	%		9			0.93	%		10			1.01%
2009		10			0.62	%		11			0.67	%		12			0.69%
2010		8			0.34	%		8			0.35	%		9			0.32%
2011		8			0.31	%		8			0.29	%		9			0.16%
2012		11			0.19	%		11			0.16	%		12			0.02%
2013		11			0.02	%		8			0.01	%		—			— %

Total		100	%		0.34	%		100	%		0.37	%		100	%		0.41%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment—Australia

(Australian dollar amounts in millions)


	2013														2012
	4Q			3Q			2Q			1Q			Total		4Q			3Q			2Q			1Q			Total
Paid Claims
Flow	$	41		$	39		$	44		$	59		$	183	$	70		$	79		$	70		$	66		$	285
Bulk		—			2			—			—			2		1			1			—			—			2

Total Paid Claims	$	41		$	41		$	44		$	59		$	185	$	71		$	80		$	70		$	66		$	287


Average Paid Claim (in thousands)	$	71.5		$	79.9		$	80.3		$	81.4				$	80.9		$	83.5		$	91.2		$	77.1

Average Reserve Per Delinquency (in thousands)	$	38.6		$	38.8		$	37.7		$	38.9				$	41.2		$	40.8		$	41.5		$	42.2

Loss Metrics
Beginning Reserves	$	212		$	220		$	228		$	241				$	277		$	312		$	331		$	266
Paid claims		(41	)		(41	)		(44	)		(59	)				(71	)		(80	)		(70	)		(66	)
Increase in reserves		21			33			36			46					35			45			51			131

Ending Reserves	$	192		$	212		$	220		$	228				$	241		$	277		$	312		$	331

Loan Amount

Over $550K		12	%		12	%		12	%		12	%				12	%		11	%		11	%		11	%
$400K to $550K		17			17			17			16					16			16			16			15
$250K to $400K		37			37			37			37					37			37			36			36
$100K to $250K		28			28			28			29					29			30			30			31
$100K or Less		6			6			6			6					6			6			7			7

Total		100	%		100	%		100	%		100	%				100	%		100	%		100	%		100	%


Average Primary Loan Size (in thousands)	$	203		$	202		$	200		$	198				$	197		$	195		$	193		$	192
Average Effective Loan-To-Value Ratios By Policy Year^{(1), (2)}

2006 and prior		41	%		43	%		47	%		48	%				48	%		49	%		49	%		48	%
2007		64	%		66	%		67	%		68	%				68	%		69	%		69	%		67	%
2008		72	%		74	%		74	%		76	%				76	%		77	%		77	%		74	%
2009		75	%		77	%		77	%		79	%				79	%		80	%		80	%		78	%
2010		80	%		83	%		83	%		85	%				85	%		86	%		86	%		85	%
2011		82	%		85	%		85	%		87	%				87	%		88	%		88	%		86	%
2012		82	%		85	%		85	%		86	%				85	%		86	%		86	%		—	%
2013		85	%		87	%		87	%		—	%				—	%		—	%		—	%		—	%
Total Flow		64	%		65	%		68	%		69	%				68	%		68	%		68	%		66	%

Total Bulk		31	%		32	%		37	%		38	%				38	%		38	%		38	%		38	%
Total		60	%		61	%		65	%		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.

⁽²⁾	Beginning in the third quarter of 2013, data from RP Data extended back to 1999. Previously, the data extended back to 2002. Previous periods were not re-presented for this change.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)


Risk In-Force by Loan-To-Value Ratio⁽¹⁾	December 31, 2013						September 30, 2013
	Primary		Flow		Bulk		Primary		Flow		Bulk
Canada
95.01% and above	$	37,366	$	37,366	$	—	$	37,612	$	37,612	$	—
90.01% to 95.00%		25,591		25,589		2		26,007		26,005		2
80.01% to 90.00%		19,443		16,256		3,187		19,686		16,605		3,081
80.00% and below		21,896		3,114		18,782		21,957		3,154		18,803

Total Canada	$	104,296	$	82,325	$	21,971	$	105,262	$	83,375	$	21,887

Australia
95.01% and above	$	17,901	$	17,900	$	1	$	18,269	$	18,268	$	1
90.01% to 95.00%		22,139		22,131		8		22,413		22,405		8
80.01% to 90.00%		24,290		24,200		90		24,973		24,877		96
80.00% and below		29,425		22,430		6,995		30,783		23,290		7,493

Total Australia	$	93,755	$	86,661	$	7,094	$	96,438	$	88,840	$	7,598

Other Countries⁽²⁾
95.01% and above	$	593	$	593	$	—	$	718	$	718	$	—
90.01% to 95.00%		1,770		1,705		65		2,086		2,032		54
80.01% to 90.00%		1,047		763		284		1,258		1,026		232
80.00% and below		228		184		43		247		216		30

Total Other Countries	$	3,638	$	3,246	$	392	$	4,308	$	3,992	$	316

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 $316 million and $285 million, respectively, of risk in-force in Europe ceded under quota share reinsurance agreements as of December 31, 2013 and September 30, 2013.

U.S. Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	142		$	137		$	141		$	134		$	554		$	138		$	138		$	137		$	136		$	549
Net investment income		13			18			10			19			60			12			20			13			23			68
Net investment gains (losses)		—			—			—			—			—			11			(2	)		—			27			36
Insurance and investment product fees and other		—			1			—			1			2			1			—			20			2			23

Total revenues		155			156			151			154			616			162			156			170			188			676

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		108			123			97			84			412			180			174			174			197			725
Acquisition and operating expenses, net of deferrals		35			35			35			39			144			36			40			33			34			143
Amortization of deferred acquisition costs and intangibles		1			2			2			1			6			1			1			2			1			5

Total benefits and expenses		144			160			134			124			562			217			215			209			232			873

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		11			(4	)		17			30			54			(55	)		(59	)		(39	)		(44	)		(197	)
Provision (benefit) for income taxes		5			(1	)		4			9			17			(30	)		(22	)		(14	)		(17	)		(83	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		6			(3	)		13			21			37			(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)	$	6		$	(3	)	$	13		$	21		$	37		$	(32	)	$	(37	)	$	(25	)	$	(44	)	$	(138	)

Effective tax rate (operating income (loss))		45.0	%		14.0	%		22.9	%		30.1	%		31.6	%		50.7	%		36.8	%		37.0	%		37.7	%		41.0	%

SALES:
New Insurance Written (NIW)
Flow	$	4,900		$	6,400		$	6,300		$	4,700		$	22,300		$	5,100		$	4,700		$	3,600		$	3,000		$	16,400
Bulk		—			—			—			—			—			—			—			—			—			—

Total U.S. Mortgage Insurance NIW	$	4,900		$	6,400		$	6,300		$	4,700		$	22,300		$	5,100		$	4,700		$	3,600		$	3,000		$	16,400

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Other Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Net Premiums Written	$	148		$	140		$	144		$	135		$	567		$	140		$	135		$	139		$	140		$	554

New Risk Written
Flow	$	1,196		$	1,577		$	1,478		$	1,091		$	5,342		$	1,188		$	1,130		$	843		$	688		$	3,849
Bulk		—			—			—			—			—			—			—			—			7			7

Total Primary		1,196			1,577			1,478			1,091			5,342			1,188			1,130			843			695			3,856
Pool		—			—			—			—			—			—			—			—			—			—

Total New Risk Written	$	1,196		$	1,577		$	1,478		$	1,091		$	5,342		$	1,188		$	1,130		$	843		$	695		$	3,856


Primary Insurance In-Force	$	109,300		$	109,000		$	108,800		$	109,300					$	110,000		$	111,100		$	112,000		$	113,800

Risk In-Force
Flow	$	26,327		$	26,194		$	25,957		$	25,626					$	25,716		$	25,849		$	25,887		$	26,137
Bulk⁽¹⁾		448			456			463			485						491			507			514			520

Total Primary		26,775			26,650			26,420			26,111						26,207			26,356			26,401			26,657
Pool		177			187			196			205						211			221			229			239

Total Risk In-Force	$	26,952		$	26,837		$	26,616		$	26,316					$	26,418		$	26,577		$	26,630		$	26,896


Primary Risk In-Force Subject To Captives		9	%		10	%		11	%		12	%					14	%		15	%		27	%		31	%

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

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

Adjusted Expense Ratio⁽³⁾		25	%		26	%		25	%		30	%		27	%		27	%		30	%		25	%		25	%		27	%

Flow Persistency		83	%		79	%		81	%		80	%					79	%		81	%		82	%		81	%

Gross Written Premiums Ceded To Captives/Total Direct Written Premiums		3	%		4	%		4	%		4	%					5	%		8	%		10	%		12	%

Risk To Capital Ratio⁽⁴⁾		19.5:1			22.4:1			22.4:1			24.2:1						30.4:1			29.8:1			29.5:1			28.6:1

Average Primary Loan Size (in thousands)	$	175		$	174		$	172		$	168					$	167		$	166		$	165		$	164

Estimated Savings For Loss Mitigation Activities⁽⁵⁾	$	124		$	136		$	144		$	159		$	563		$	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 December 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 49 states in its primary writing entity, which has maintained a risk to capital ratio below the maximum requirement since June 30, 2013. The remaining state is written out of another available entity. However, as of January 20, 2014, all new business will be written out of the U.S. mortgage insurance business’ primary writing entity. The current period risk to capital ratio is an estimate due to the timing of the filing of statutory statements and is prepared consistent with the presentation of the statutory financial statements in the combined annual statement of the U.S. mortgage insurance business.

⁽⁵⁾

Loss mitigation activities are defined as rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled pre-sales, claims administration and other loan workouts. Estimated savings related to rescissions are the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings related to loan modifications and other cure related loss mitigation actions represent the reduction in carried loss reserves. Estimated savings related to claims mitigation activities represent amounts deducted or “curtailed” from claims due to acts or omissions by the servicer with respect to the servicing of an insured loan that is not in compliance with obligations under our master policy. For non-cure related actions, including pre-sales, the estimated savings represent the difference between the full claim obligation and the actual amount paid. Loans subject to our loss mitigation actions, the results of which have been included in our reported estimated loss mitigations savings, are subject to re-default and may result in a potential claim in future periods as well as potential future loss mitigation savings depending on the resolution of the re-defaulted loan.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Loss Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Paid Claims
Flow
Direct	$	198		$	216		$	197		$	253		$	864		$	260		$	272		$	295		$	283		$	1,110
Assumed⁽¹⁾		8			9			12			13			42			17			19			23			20			79
Ceded		(8	)		(9	)		(11	)		(17	)		(45	)		(19	)		(25	)		(55	)		(39	)		(138	)
Loss adjustment expenses		6			6			6			6			24			8			7			7			9			31

Total Flow		204			222			204			255			885			266			273			270			273			1,082
Bulk		2			3			6			3			14			3			3			6			4			16

Total Primary		206			225			210			258			899			269			276			276			277			1,098
Pool		1			1			2			1			5			2			1			2			2			7

Total Paid Claims	$	207		$	226		$	212		$	259		$	904		$	271		$	277		$	278		$	279		$	1,105


Average Paid Claim (in thousands)	$	45.3		$	45.3		$	45.0		$	44.2					$	43.7		$	41.1		$	38.3		$	43.6

Average Direct Paid Claim (in thousands)⁽²⁾	$	43.5		$	43.5		$	42.3		$	43.5					$	43.2		$	41.7		$	42.5		$	42.7

Average Reserve Per Delinquency (in thousands)
Flow	$	29.4		$	29.6		$	30.0		$	29.8					$	29.7		$	30.0		$	30.6		$	30.6
Bulk loans with established reserve		19.7			20.0			20.8			21.9						25.1			24.3			25.0			24.1
Bulk loans with no reserve⁽³⁾		—			—			—			—						—			—			—			—

Reserves:
Flow direct case	$	1,277		$	1,377		$	1,471		$	1,566					$	1,728		$	1,835		$	1,954		$	2,087
Bulk direct case		27			28			29			33						33			33			32			34
Assumed⁽¹⁾		35			39			51			57						65			50			53			60
All other⁽⁴⁾		143			143			145			164						183			196			195			200

Total Reserves	$	1,482		$	1,587		$	1,696		$	1,820					$	2,009		$	2,114		$	2,234		$	2,381


Beginning Reserves	$	1,587		$	1,696		$	1,820		$	2,009		$	2,009		$	2,114		$	2,234		$	2,381		$	2,488		$	2,488
Paid claims		(215	)		(235	)		(223	)		(276	)		(949	)		(290	)		(302	)		(333	)		(318	)		(1,243	)
Increase in reserves		110			126			99			87			422			185			182			186			211			764

Ending Reserves	$	1,482		$	1,587		$	1,696		$	1,820		$	1,482		$	2,009		$	2,114		$	2,234		$	2,381		$	2,009


Beginning Reinsurance Recoverable⁽⁵⁾	$	50		$	56		$	66		$	80		$	80		$	94		$	111		$	153		$	178		$	178
Ceded paid claims		(8	)		(9	)		(11	)		(17	)		(45	)		(19	)		(25	)		(55	)		(39	)		(138	)
Increase in recoverable		2			3			1			3			9			5			8			13			14			40

Ending Reinsurance Recoverable	$	44		$	50		$	56		$	66		$	44		$	80		$	94		$	111		$	153		$	80

Loss Ratio⁽⁶⁾		76	%		90	%		70	%		62	%		74	%		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

FOURTH QUARTER 2013

Delinquency Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Number of Primary Delinquencies
Flow		49,255			52,509			55,413			59,789						66,340			69,174			71,878			76,478
Bulk loans with an established reserve		1,491			1,509			1,526			1,603						1,415			1,441			1,381			1,522
Bulk loans with no reserve⁽¹⁾		713			726			1,260			1,412						1,484			1,512			1,424			1,474

Total Number of Primary Delinquencies		51,459			54,744			58,199			62,804						69,239			72,127			74,683			79,474


Beginning Number of Primary Delinquencies		54,744			58,199			62,804			69,239			69,239			72,127			74,683			79,474			87,007			87,007
New delinquencies		13,205			14,105			13,192			15,060			55,562			16,871			17,733			16,703			18,217			69,524
Delinquency cures		(11,974	)		(12,603	)		(13,127	)		(15,677	)		(53,381	)		(13,592	)		(13,598	)		(14,251	)		(19,388	)		(60,829	)
Paid claims		(4,516	)		(4,957	)		(4,670	)		(5,818	)		(19,961	)		(6,167	)		(6,691	)		(7,243	)		(6,362	)		(26,463	)

Ending Number of Primary Delinquencies		51,459			54,744			58,199			62,804			51,459			69,239			72,127			74,683			79,474			69,239

Composition of Cures
Reported delinquent and cured-intraquarter		2,107			2,488			2,447			3,519						2,557			2,882			2,354			3,582
Number of missed payments delinquent prior to cure:
3 payments or less		6,253			6,291			6,748			8,125						7,120			6,289			7,399			10,154
4 - 11 payments		2,385			2,387			2,737			2,856						2,516			2,965			3,371			3,569
12 payments or more		1,229			1,437			1,195			1,177						1,399			1,462			1,127			2,083

Total		11,974			12,603			13,127			15,677						13,592			13,598			14,251			19,388

Primary Delinquencies by Missed Payment Status
3 payments or less		13,992			14,078			13,871			14,674						17,563			17,684			16,708			17,260
4 - 11 payments		12,410			13,134			14,503			16,804						18,155			18,713			20,830			24,137
12 payments or more		25,057			27,532			29,825			31,326						33,521			35,730			37,145			38,077

Primary Delinquencies		51,459			54,744			58,199			62,804						69,239			72,127			74,683			79,474



	December 31, 2013
Flow Delinquencies and Percentage Reserved by Payment Status	Delinquencies			Direct Case Reserves⁽²⁾			Risk In-Force			Reserves as % of Risk In-Force
3 payments or less in default		13,436		$	121		$	523			23	%
4 - 11 payments in default		11,854			305			486			63	%
12 payments or more in default		23,965			851			1,178			72	%

Total		49,255		$	1,277		$	2,187			58	%


	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

FOURTH QUARTER 2013

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment


	2013												2012
	4Q			3Q			2Q			1Q			4Q			3Q			2Q			1Q
Risk In-Force by Credit Quality⁽¹⁾
Primary by FICO Scores >679		79	%		79	%		78	%		76	%		75	%		74	%		73	%		72	%
Primary by FICO Scores 620-679		17	%		17	%		18	%		19	%		20	%		21	%		22	%		23	%
Primary by FICO Scores 575-619		3	%		3	%		3	%		4	%		4	%		4	%		4	%		4	%
Primary by FICO Scores <575		1	%		1	%		1	%		1	%		1	%		1	%		1	%		1	%

Flow by FICO Scores >679		79	%		79	%		77	%		76	%		75	%		74	%		73	%		72	%
Flow by FICO Scores 620-679		17	%		17	%		19	%		19	%		20	%		21	%		22	%		23	%
Flow by FICO Scores 575-619		3	%		3	%		3	%		4	%		4	%		4	%		4	%		4	%
Flow by FICO Scores <575		1	%		1	%		1	%		1	%		1	%		1	%		1	%		1	%

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

Primary A minus		3	%		3	%		3	%		4	%		4	%		4	%		4	%		4	%
Primary sub-prime⁽²⁾		2	%		2	%		3	%		3	%		3	%		3	%		3	%		3	%
Primary Loans
Primary loans in-force		624,236			627,536			633,685			649,570			658,527			669,618			679,817			693,807
Primary delinquent loans		51,459			54,744			58,199			62,804			69,239			72,127			74,683			79,474
Primary delinquency rate		8.24	%		8.72	%		9.18	%		9.67	%		10.51	%		10.77	%		10.99	%		11.45	%

Flow loans in-force		586,546			589,703			590,949			590,051			595,348			601,851			607,133			616,623
Flow delinquent loans		49,255			52,509			55,413			59,789			66,340			69,174			71,878			76,478
Flow delinquency rate		8.40	%		8.90	%		9.38	%		10.13	%		11.14	%		11.49	%		11.84	%		12.40	%

Bulk loans in-force		37,690			37,833			42,736			59,519			63,179			67,767			72,684			77,184
Bulk delinquent loans		2,204			2,235			2,786			3,015			2,899			2,953			2,805			2,996
Bulk delinquency rate		5.85	%		5.91	%		6.52	%		5.07	%		4.59	%		4.36	%		3.86	%		3.88	%

A minus and sub-prime loans in-force		39,307			41,081			42,993			44,873			46,631			48,696			50,676			52,625
A minus and sub-prime delinquent loans		10,023			10,548			10,803			11,484			12,817			13,149			13,534			14,258
A minus and sub-prime delinquency rate		25.50	%		25.68	%		25.13	%		25.59	%		27.49	%		27.00	%		26.71	%		27.09	%

Pool Loans
Pool loans in-force		11,354			11,657			12,063			12,558			12,949			13,237			13,562			13,942
Pool delinquent loans		628			670			634			674			721			670			679			695
Pool delinquency rate		5.53	%		5.75	%		5.26	%		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

FOURTH QUARTER 2013

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment


	December 31, 2013									September 30, 2013									December 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⁾		32	%		20	%		11.02	%		33	%		20	%		11.87	%		35	%		21	%		14.69	%
South Central⁽³⁾		8			16			5.85	%		8			16			6.03	%		9			15			7.71	%
Northeast⁽⁴⁾		20			15			12.30	%		19			15			12.52	%		16			15			13.32	%
Pacific⁽⁵⁾		11			12			6.47	%		11			12			7.11	%		12			12			9.72	%
North Central⁽⁶⁾		11			11			7.39	%		11			11			8.00	%		11			12			9.81	%
Great Lakes⁽⁷⁾		6			10			6.03	%		6			10			6.46	%		6			9			7.78	%
New England⁽⁸⁾		4			6			7.74	%		4			6			8.19	%		4			6			9.63	%
Mid-Atlantic⁽⁹⁾		5			5			8.18	%		5			5			8.47	%		4			5			9.87	%
Plains⁽¹⁰⁾		3			5			5.46	%		3			5			5.70	%		3			5			6.62	%

Total		100	%		100	%		8.24	%		100	%		100	%		8.72	%		100	%		100	%		10.51	%


By State
California		4	%		7	%		4.27	%		4	%		7	%		4.72	%		5	%		6	%		7.25	%
Texas		3	%		7	%		5.68	%		3	%		7	%		5.68	%		3	%		7	%		6.86	%
New York		9	%		7	%		11.90	%		8	%		7	%		11.81	%		7	%		7	%		11.85	%
Florida		22	%		6	%		19.50	%		22	%		6	%		21.13	%		25	%		7	%		26.24	%
Illinois		7	%		5	%		9.67	%		7	%		5	%		10.81	%		8	%		5	%		14.29	%
New Jersey		8	%		4	%		16.76	%		8	%		4	%		17.66	%		6	%		4	%		19.44	%
Pennsylvania		3	%		4	%		9.73	%		3	%		4	%		9.91	%		3	%		4	%		11.23	%
Georgia		3	%		4	%		8.48	%		3	%		4	%		9.24	%		3	%		4	%		11.88	%
North Carolina		2	%		4	%		7.43	%		3	%		4	%		8.06	%		3	%		4	%		9.99	%
Ohio		2	%		4	%		6.69	%		2	%		4	%		7.09	%		2	%		3	%		8.03	%

⁽¹⁾	Total reserves were $1,482 million, $1,587 million and $2,009 million as of December 31, 2013, September 30, 2013 and December 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

FOURTH QUARTER 2013

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(amounts in millions)


	December 31, 2013					September 30, 2013					December 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)	$	26,775		8.24	%	$	26,650		8.72	%	$	26,207		10.51	%
Top 10 lenders		12,603		9.36	%		12,736		9.87	%		12,835		12.69	%
Top 20 lenders		14,447		9.26	%		14,524		9.84	%		14,521		12.40	%

Loan-to-value ratio
95.01% and above	$	7,377		10.40	%	$	7,444		10.75	%	$	7,238		13.19	%
90.01% to 95.00%		9,966		7.41	%		9,747		8.00	%		9,297		10.00	%
80.01% to 90.00%		9,032		7.96	%		9,052		8.53	%		9,242		10.57	%
80.00% and below		400		3.69	%		407		3.66	%		430		3.54	%

Total	$	26,775		8.24	%	$	26,650		8.72	%	$	26,207		10.51	%

Loan grade
Prime	$	25,320		7.08	%	$	25,135		7.54	%	$	24,527		9.22	%
A minus and sub-prime		1,455		25.50	%		1,515		25.68	%		1,680		27.49	%

Total	$	26,775		8.24	%	$	26,650		8.72	%	$	26,207		10.51	%

Loan type⁽¹⁾
First mortgages
Fixed rate mortgage
Flow	$	25,996		8.18	%	$	25,843		8.68	%	$	25,293		10.89	%
Bulk		432		5.58	%		440		5.64	%		473		4.43	%
Adjustable rate mortgage
Flow		331		29.08	%		351		28.82	%		423		29.60	%
Bulk		16		14.37	%		16		14.24	%		18		11.74	%
Second mortgages		—		—	%		—		—	%		—		—	%

Total	$	26,775		8.24	%	$	26,650		8.72	%	$	26,207		10.51	%

Type of documentation
Alt-A
Flow	$	475		30.82	%	$	501		31.50	%	$	593		33.93	%
Bulk		30		12.44	%		30		12.61	%		35		6.24	%
Standard⁽²⁾
Flow		25,852		8.03	%		25,693		8.51	%		25,123		10.67	%
Bulk		418		5.45	%		426		5.48	%		456		4.36	%

Total	$	26,775		8.24	%	$	26,650		8.72	%	$	26,207		10.51	%

Mortgage term
15 years and under	$	1,111		0.86	%	$	1,077		0.91	%	$	816		1.27	%
More than 15 years		25,664		8.79	%		25,573		9.30	%		25,391		11.16	%

Total	$	26,775		8.24	%	$	26,650		8.72	%	$	26,207		10.51	%

⁽¹⁾	For loan type in this table, any loan with an interest rate that is fixed for an initial term of five years or more is categorized as a fixed rate mortgage.

⁽²⁾

Standard 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

FOURTH QUARTER 2013

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	December 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		7.33	%		3.4	%	$	1,937			1.8	%	$	512		1.9	%		18.80	%
2003		5.68	%		3.7			2,989			2.7			628		2.4			12.40	%
2004		5.76	%		4.8			2,997			2.7			711		2.7			13.10	%
2005		5.74	%		12.5			5,765			5.3			1,527		5.7			15.51	%
2006		6.02	%		18.2			8,475			7.7			2,143		8.0			16.05	%
2007		5.96	%		37.7			19,867			18.2			4,959		18.5			15.04	%
2008		5.48	%		18.0			17,734			16.2			4,464		16.7			8.09	%
2009		4.99	%		0.6			3,404			3.1			747		2.8			1.76	%
2010		4.69	%		0.5			4,450			4.1			1,026		3.8			1.04	%
2011		4.47	%		0.4			5,975			5.5			1,451		5.4			0.76	%
2012		3.76	%		0.2			13,996			12.8			3,380		12.6			0.21	%
2013		3.94	%		—			21,716			19.9			5,227		19.5			0.04	%

Total		5.18	%		100.0	%	$	109,305			100.0	%	$	26,775		100.0	%		8.24	%


	December 31, 2013						September 30, 2013
Occupancy and Property Type	% of Primary Risk In-Force			Deliquency Rate			% of Primary Risk In-Force			Deliquency Rate
Occupancy Status
Primary residence		94.5	%		8.19	%		94.4	%		8.67	%
Second home		2.9			8.63	%		3.0			9.18	%
Non-owner occupied		2.6			9.17	%		2.6			9.64	%

Total		100.0	%		8.24	%		100.0	%		8.72	%

Property Type
Single family detached		88.1	%		7.95	%		87.8	%		8.39	%
Condominium and co-operative		10.2			9.45	%		10.4			10.22	%
Multi-family and other		1.7			15.39	%		1.8			15.83	%

Total		100.0	%		8.24	%		100.0	%		8.72	%

⁽¹⁾	Average Annual Mortgage Interest Rate.

⁽²⁾	Total reserves were $1,482 million as of December 31, 2013.

Corporate and Other Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Loss—Corporate and Other Division

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	159		$	160		$	156		$	166		$	641		$	166		$	165		$	176		$	180		$	687
Net investment income		67			53			68			69			257			75			69			88			74			306
Net investment gains (losses)		19			(24	)		(9	)		(52	)		(66	)		(6	)		2			(23	)		10			(17	)
Insurance and investment product fees and other		55			56			53			100			264			92			88			75			75			330

Total revenues		300			245			268			283			1,096			327			324			316			339			1,306

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		48			49			51			43			191			51			39			55			42			187
Interest credited		30			28			29			32			119			32			33			34			33			132
Acquisition and operating expenses, net of deferrals		135			162			140			179			616			194			171			176			178			719
Amortization of deferred acquisition costs and intangibles		35			28			38			18			119			51			48			47			30			176
Goodwill impairment		—			—			—			—			—			—			89			—			—			89
Interest expense		89			90			89			94			362			89			93			99			73			354

Total benefits and expenses		337			357			347			366			1,407			417			473			411			356			1,657

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(37	)		(112	)		(79	)		(83	)		(311	)		(90	)		(149	)		(95	)		(17	)		(351	)
Benefit for income taxes		(14	)		(22	)		(28	)		(26	)		(90	)		(33	)		(31	)		(33	)		(13	)		(110	)

LOSS FROM CONTINUING OPERATIONS		(23	)		(90	)		(51	)		(57	)		(221	)		(57	)		(118	)		(62	)		(4	)		(241	)
Income (loss) from discontinued operations, net of taxes		—			2			6			(20	)		(12	)		6			12			27			12			57

NET INCOME (LOSS)		(23	)		(88	)		(45	)		(77	)		(233	)		(51	)		(106	)		(35	)		8			(184	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(10	)		11			—			21			22			8			—			14			(6	)		16
Goodwill impairment, net of taxes		—			—			—			—			—			—			86			—			—			86
(Gains) losses on early extinguishment of debt, net of taxes		—			20			—			—			20			4			—			—			—			4
Expenses related to restructuring, net of taxes		—			—			3			—			3			—			—			—			—			—
(Income) loss from discontinued operations, net of taxes		—			(2	)		(6	)		20			12			(6	)		(12	)		(27	)		(12	)		(57	)

NET OPERATING LOSS	$	(33	)	$	(59	)	$	(48	)	$	(36	)	$	(176	)	$	(45	)	$	(32	)	$	(48	)	$	(10	)	$	(135	)


Effective tax rate (operating loss)		37.5	%		8.1	%		35.9	%		28.2	%		27.4	%		36.8	%		45.2	%		57.5	%		63.6	%		50.0	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income (Loss)—Corporate and Other Division

(amounts in millions)



Three months ended December 31, 2013	International Protection Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	158		$	1		$	—		$	159
Net investment income		29			38			—			67
Net investment gains (losses)		4			24			(9	)		19
Insurance and investment product fees and other		1			54			—			55

Total revenues		192			117			(9	)		300

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39			9			—			48
Interest credited		—			30			—			30
Acquisition and operating expenses, net of deferrals		107			21			7			135
Amortization of deferred acquisition costs and intangibles		27			9			(1	)		35
Interest expense		8			1			80			89

Total benefits and expenses		181			70			86			337

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		11			47			(95	)		(37	)
Provision (benefit) for income taxes		(5	)		15			(24	)		(14	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		16			32			(71	)		(23	)

NET INCOME (LOSS)		16			32			(71	)		(23	)

ADJUSTMENT TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(3	)		(13	)		6			(10	)

NET OPERATING INCOME (LOSS)	$	13		$	19		$	(65	)	$	(33	)


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

Three months ended December 31, 2012	International Protection Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	165		$	1		$	—		$	166
Net investment income		27			37			11			75
Net investment gains (losses)		3			2			(11	)		(6	)
Insurance and investment product fees and other		—			52			40			92

Total revenues		195			92			40			327

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		38			13			—			51
Interest credited		—			32			—			32
Acquisition and operating expenses, net of deferrals		113			21			60			194
Amortization of deferred acquisition costs and intangibles		28			20			3			51
Interest expense		9			—			80			89

Total benefits and expenses		188			86			143			417

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		7			6			(103	)		(90	)
Benefit for income taxes		(2	)		—			(31	)		(33	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		9			6			(72	)		(57	)
Income (loss) from discontinued operations, net of taxes		—			—			6			6

NET INCOME (LOSS)		9			6			(66	)		(51	)

ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(1	)		2			7			8
(Gains) losses on early extinguishment of debt, net of taxes		—			—			4			4
(Income) loss from discontinued operations, net of taxes		—			—			(6	)		(6	)

NET OPERATING INCOME (LOSS)	$	8		$	8		$	(61	)	$	(45	)


Effective tax rate (operating income (loss))		-46.6	%		18.4	%		29.4	%		36.8	%

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income (Loss)—Corporate and Other Division

(amounts in millions)


Twelve months ended December 31, 2013	International Protection Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	636		$	5		$	—		$	641
Net investment income		119			139			(1	)		257
Net investment gains (losses)		27			(58	)		(35	)		(66	)
Insurance and investment product fees and other		4			216			44			264

Total revenues		786			302			8			1,096

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		159			32			—			191
Interest credited		—			119			—			119
Acquisition and operating expenses, net of deferrals		433			81			102			616
Amortization of deferred acquisition costs and intangibles		106			6			7			119
Interest expense		42			2			318			362

Total benefits and expenses		740			240			427			1,407

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		46			62			(419	)		(311	)
Provision (benefit) for income taxes		7			13			(110	)		(90	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		39			49			(309	)		(221	)
Income (loss) from discontinued operations, net of taxes		—			—			(12	)		(12	)

NET INCOME (LOSS)		39			49			(321	)		(233	)

ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(18	)		17			23			22
Expenses related to restructuring, net of taxes		3			—			—			3
(Gains) losses on early extinguishment of debt, net of taxes		—			—			20			20
(Income) loss from discontinued operations, net of taxes		—			—			12			12

NET OPERATING INCOME (LOSS)	$	24		$	66		$	(266	)	$	(176	)


Effective tax rate (operating income (loss))		-5.1	%		25.5	%		24.9	%		27.4	%
Twelve months ended December 31, 2012	International Protection Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	682		$	5		$	—		$	687
Net investment income		131			145			30			306
Net investment gains (losses)		6			24			(47	)		(17	)
Insurance and investment product fees and other		3			207			120			330

Total revenues		822			381			103			1,306

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		150			37			—			187
Interest credited		—			132			—			132
Acquisition and operating expenses, net of deferrals		483			79			157			719
Amortization of deferred acquisition costs and intangibles		113			51			12			176
Goodwill impairment		89			—			—			89
Interest expense		45			1			308			354

Total benefits and expenses		880			300			477			1,657

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(58	)		81			(374	)		(351	)
Provision (benefit) for income taxes		1			23			(134	)		(110	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		(59	)		58			(240	)		(241	)
Income (loss) from discontinued operations, net of taxes		—			—			57			57

NET INCOME (LOSS)		(59	)		58			(183	)		(184	)

ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(3	)		(12	)		31			16
Goodwill impairment, net of taxes		86			—			—			86
(Gains) losses on early extinguishment of debt, net of taxes		—			—			4			4
(Income) loss from discontinued operations, net of taxes		—			—			(57	)		(57	)

NET OPERATING INCOME (LOSS)	$	24		$	46		$	(205	)	$	(135	)


Effective tax rate (operating income (loss))		9.4	%		27.1	%		36.2	%		50.0	%

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

International Protection Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Operating Income and Sales—International Protection Segment

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	158		$	159		$	154		$	165		$	636		$	165		$	164		$	174		$	179		$	682
Net investment income		29			26			31			33			119			27			32			36			36			131
Net investment gains (losses)		4			1			16			6			27			3			1			1			1			6
Insurance and investment product fees and other		1			1			1			1			4			—			1			—			2			3

Total revenues		192			187			202			205			786			195			198			211			218			822

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39			40			41			39			159			38			30			41			41			150
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		107			106			110			110			433			113			117			126			127			483
Amortization of deferred acquisition costs and intangibles		27			25			26			28			106			28			27			27			31			113
Goodwill impairment		—			—			—			—			—			—			89			—			—			89
Interest expense		8			9			11			14			42			9			11			14			11			45

Total benefits and expenses		181			180			188			191			740			188			274			208			210			880

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		11			7			14			14			46			7			(76	)		3			8			(58	)
Provision (benefit) for income taxes		(5	)		3			5			4			7			(2	)		1			—			2			1

INCOME (LOSS) FROM CONTINUING OPERATIONS		16			4			9			10			39			9			(77	)		3			6			(59	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(3	)		—			(11	)		(4	)		(18	)		(1	)		(1	)		—			(1	)		(3	)
Expenses related to restructuring, net of taxes		—			—			3			—			3			—			—			—			—			—
Goodwill impairment, net of taxes		—			—			—			—			—			—			86			—			—			86

NET OPERATING INCOME⁽¹⁾	$	13		$	4		$	1		$	6		$	24		$	8		$	8		$	3		$	5		$	24



Effective tax rate (operating income)		-95.6	%		36.7	%		38.7	%		26.1	%		-5.1	%		-46.6	%		32.8	%		-5.8	%		23.1	%		9.4	%

Net Premiums Written
Northern Europe	$	104		$	113		$	106		$	106		$	429		$	107		$	107		$	111		$	104		$	429
Southern Europe		72			71			74			78			295			72			70			87			87			316
Structured Deals⁽²⁾		37			37			49			28			151			32			31			40			19			122
New Markets		9			9			14			21			53			11			7			7			6			31

Pre-Deposit Accounting Basis⁽³⁾		222			230			243			233			928			222			215			245			216			898

Deposit Accounting Adjustments		70			76			94			80			320			72			67			85			55			279

Total⁽⁴⁾	$	152		$	154		$	149		$	153		$	608		$	150		$	148		$	160		$	161		$	619


Loss Ratio		25	%		25	%		26	%		24	%		25	%		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 $12 million and $21 million for the three and twelve months ended December 31, 2013, respectively.

⁽²⁾	Structured deals represent in-force blocks of business acquired through reinsurance arrangements and ongoing reciprocal arrangements in place with certain clients.

⁽³⁾

This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the net premiums written activity as if these reinsurance agreements, except for the reciprocal arrangements, were accounted for as reinsurance accounting (“pre-deposit accounting basis”) and not as deposit accounting. While this is a non-GAAP measure, management believes that “net premiums written on a pre-deposit accounting basis” represent an economic view of written premiums and enhances the understanding of the underlying performance of the business. However, net premiums written on a pre-deposit accounting basis as defined by the company should not be viewed as a substitute for GAAP net premiums written.

⁽⁴⁾	Net premiums written adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $147 million and $593 million for the three and twelve months ended December 31, 2013, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	4Q 2013									3Q 2013									2Q 2013									1Q 2013									Total 2013
	Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis
REVENUES:
Premiums	$	158		$	43		$	201		$	159		$	47		$	206		$	154		$	52		$	206		$	165		$	62		$	227		$	636		$	204		$	840
Net investment income		29			(8	)		21			26			(6	)		20			31			(9	)		22			33			(11	)		22			119			(34	)		85
Net investment gains (losses)		4			—			4			1			—			1			16			—			16			6			—			6			27			—			27
Insurance and investment product fees and other		1			—			1			1			—			1			1			—			1			1			—			1			4			—			4

Total revenues		192			35			227			187			41			228			202			43			245			205			51			256			786			170			956

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39			15			54			40			22			62			41			21			62			39			33			72			159			91			250
Interest credited		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		107			11			118			106			6			112			110			13			123			110			9			119			433			39			472
Amortization of deferred acquisition costs and intangibles		27			8			35			25			13			38			26			11			37			28			14			42			106			46			152
Interest expense		8			1			9			9			—			9			11			(2	)		9			14			(5	)		9			42			(6	)		36

Total benefits and expenses		181			35			216			180			41			221			188			43			231			191			51			242			740			170			910

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		11			—			11			7			—			7			14			—			14			14			—			14			46			—			46
Provision (benefit) for income taxes		(5	)		—			(5	)		3			—			3			5			—			5			4			—			4			7			—			7

INCOME FROM CONTINUING OPERATIONS		16			—			16			4			—			4			9			—			9			10			—			10			39			—			39

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(3	)		—			(3	)		—			—			—			(11	)		—			(11	)		(4	)		—			(4	)		(18	)		—			(18	)
Expenses related to restructuring, net of taxes		—			—			—			—			—			—			3			—			3			—			—			—			3			—			3

NET OPERATING INCOME⁽¹⁾	$	13		$	—		$	13		$	4		$	—		$	4		$	1		$	—		$	1		$	6		$	—		$	6		$	24		$	—		$	24

Effective tax rate (operating income)		-95.6	%					-95.6	%		36.7	%					36.7	%		38.7	%					38.7	%		26.1	%					26.1	%		-5.1	%					-5.1	%

Other Metrics:
Premiums	$	158		$	43		$	201		$	159		$	47		$	206		$	154		$	52		$	206		$	165		$	62		$	227		$	636		$	204		$	840
Benefits and other changes in policy reserves		39			15			54			40			22			62			41			21			62			39			33			72			159			91			250
Commissions⁽²⁾		74			10			84			75			12			87			75			11			86			80			12			92			304			45			349

Margin before profit sharing		45			18			63			44			13			57			38			20			58			46			17			63			173			68			241
Profit share⁽²⁾		20			10			30			18			8			26			18			13			31			18			11			29			74			42			116

Underwriting profit⁽³⁾	$	25		$	8		$	33		$	26		$	5		$	31		$	20		$	7		$	27		$	28		$	6		$	34		$	99		$	26		$	125


Loss Ratio		25	%					27	%		25	%					30	%		26	%					30	%		24	%					32	%		25	%					30	%

Underwriting Margin⁽³⁾		16	%					16	%		16	%					15	%		13	%					13	%		17	%					15	%		16	%					15	%

Combined Ratio⁽⁴⁾		109	%					103	%		108	%					103	%		115	%					108	%		107	%					103	%		110	%					104	%

This page is provided as supplemental analysis related to the lifestyle protection insurance business. This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the income statement activity as if these reinsurance agreements, except for the reciprocal arrangements, were accounted for as reinsurance accounting (“pre-deposit accounting basis”) and not as deposit accounting. There is no impact on net income available to Genworth Financial, Inc.’s common stockholders or to segment net operating income. While “pre-deposit accounting basis” is a non-GAAP measure, management believes that it represents an economic view of the underlying performance of the business. However, pre-deposit accounting basis as defined by the company should not be viewed as a substitute for GAAP.

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

⁽¹⁾	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $12 million and $21 million for the three and twelve months ended December 31, 2013, respectively.

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

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

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH 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

FOURTH QUARTER 2013

Net Operating Income (Loss)—Runoff Segment

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	1		$	1		$	2		$	1		$	5		$	1		$	1		$	2		$	1		$	5
Net investment income		38			33			34			34			139			37			34			36			38			145
Net investment gains (losses)		24			(14	)		(20	)		(48	)		(58	)		2			5			(25	)		42			24
Insurance and investment product fees and other		54			53			53			56			216			52			52			51			52			207

Total revenues		117			73			69			43			302			92			92			64			133			381

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		9			9			10			4			32			13			9			14			1			37
Interest credited		30			28			29			32			119			32			33			34			33			132
Acquisition and operating expenses, net of deferrals		21			18			22			20			81			21			18			21			19			79
Amortization of deferred acquisition costs and intangibles		9			2			8			(13	)		6			20			18			17			(4	)		51
Interest expense		1			—			1			—			2			—			—			1			—			1

Total benefits and expenses		70			57			70			43			240			86			78			87			49			300

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		47			16			(1	)		—			62			6			14			(23	)		84			81
Provision (benefit) for income taxes		15			(5	)		—			3			13			—			3			(2	)		22			23

INCOME (LOSS) FROM CONTINUING OPERATIONS		32			21			(1	)		(3	)		49			6			11			(21	)		62			58

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(13	)		4			7			19			17			2			(2	)		15			(27	)		(12	)

NET OPERATING INCOME (LOSS)	$	19		$	25		$	6		$	16		$	66		$	8		$	9		$	(6	)	$	35		$	46


Effective tax rate (operating income (loss))		28.1	%		-6.9	%		40.9	%		44.8	%		25.5	%		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

FOURTH QUARTER 2013

Selected Operating Performance Measures—Runoff Segment

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Variable Annuities—Income Distribution Series
Account value, beginning of the period	$	6,044		$	5,983		$	6,202		$	6,141		$	6,141		$	6,261		$	6,229		$	6,398		$	6,265		$	6,265
Deposits		19			19			18			20			76			22			17			20			26			85
Surrenders, benefits and product charges		(212	)		(186	)		(183	)		(173	)		(754	)		(184	)		(184	)		(168	)		(174	)		(710	)

Net flows		(193	)		(167	)		(165	)		(153	)		(678	)		(162	)		(167	)		(148	)		(148	)		(625	)
Interest credited and investment performance		210			228			(54	)		214			598			42			199			(21	)		281			501

Account value, end of the period		6,061			6,044			5,983			6,202			6,061			6,141			6,261			6,229			6,398			6,141

Traditional Variable Annuities
Account value, net of reinsurance, beginning of the period		1,620			1,601			1,674			1,662			1,662			1,715			1,703			1,819			1,766			1,766
Deposits		4			4			2			3			13			3			4			3			3			13
Surrenders, benefits and product charges		(71	)		(67	)		(80	)		(81	)		(299	)		(84	)		(72	)		(81	)		(89	)		(326	)

Net flows		(67	)		(63	)		(78	)		(78	)		(286	)		(81	)		(68	)		(78	)		(86	)		(313	)
Interest credited and investment performance		90			82			5			90			267			28			80			(38	)		139			209

Account value, net of reinsurance, end of the period		1,643			1,620			1,601			1,674			1,643			1,662			1,715			1,703			1,819			1,662

Variable Life Insurance
Account value, beginning of the period		302			293			301			292			292			294			293			305			284			284
Deposits		3			2			2			2			9			2			2			2			3			9
Surrenders, benefits and product charges		(9	)		(10	)		(11	)		(9	)		(39	)		(9	)		(12	)		(10	)		(8	)		(39	)

Net flows		(6	)		(8	)		(9	)		(7	)		(30	)		(7	)		(10	)		(8	)		(5	)		(30	)
Interest credited and investment performance		20			17			1			16			54			5			11			(4	)		26			38

Account value, end of the period		316			302			293			301			316			292			294			293			305			292

Total	$	8,020		$	7,966		$	7,877		$	8,177		$	8,020		$	8,095		$	8,270		$	8,225		$	8,522		$	8,095


Guaranteed Investment Contracts, Funding Agreements Backing Notes and Funding Agreements
Account value, beginning of the period	$	1,036		$	1,077		$	1,970		$	2,153		$	2,153		$	2,297		$	2,221		$	2,594		$	2,623		$	2,623
Deposits		—			—			—			—			—			—			84			—			—			84
Surrenders and benefits		(142	)		(43	)		(900	)		(167	)		(1,252	)		(164	)		(26	)		(385	)		(55	)		(630	)

Net flows		(142	)		(43	)		(900	)		(167	)		(1,252	)		(164	)		58			(385	)		(55	)		(546	)
Interest credited		2			2			7			15			26			17			17			18			21			73
Foreign currency translation		—			—			—			(31	)		(31	)		3			1			(6	)		5			3

Account value, end of the period	$	896		$	1,036		$	1,077		$	1,970		$	896		$	2,153		$	2,297		$	2,221		$	2,594		$	2,153

Corporate and Other

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

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

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		—			(6	)		3			2			(1	)		11			3			16			—			30
Net investment gains (losses)		(9	)		(11	)		(5	)		(10	)		(35	)		(11	)		(4	)		1			(33	)		(47	)
Insurance and investment product fees and other		—			2			(1	)		43			44			40			35			24			21			120

Total revenues		(9	)		(15	)		(3	)		35			8			40			34			41			(12	)		103

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—			—			—			—			—
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		7			38			8			49			102			60			36			29			32			157
Amortization of deferred acquisition costs and intangibles		(1	)		1			4			3			7			3			3			3			3			12
Interest expense		80			81			77			80			318			80			82			84			62			308

Total benefits and expenses		86			120			89			132			427			143			121			116			97			477

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(95	)		(135	)		(92	)		(97	)		(419	)		(103	)		(87	)		(75	)		(109	)		(374	)
Benefit for income taxes		(24	)		(20	)		(33	)		(33	)		(110	)		(31	)		(35	)		(31	)		(37	)		(134	)

LOSS FROM CONTINUING OPERATIONS		(71	)		(115	)		(59	)		(64	)		(309	)		(72	)		(52	)		(44	)		(72	)		(240	)
Income (loss) from discontinued operations, net of taxes⁽²⁾		—			2			6			(20	)		(12	)		6			12			27			12			57

NET LOSS		(71	)		(113	)		(53	)		(84	)		(321	)		(66	)		(40	)		(17	)		(60	)		(183	)

ADJUSTMENTS TO NET LOSS:
Net investment (gains) losses, net of taxes and other adjustments		6			7			4			6			23			7			3			(1	)		22			31
(Gains) losses on early extinguishment of debt, net of taxes		—			20			—			—			20			4			—			—			—			4
(Income) loss from discontinued operations, net of taxes		—			(2	)		(6	)		20			12			(6	)		(12	)		(27	)		(12	)		(57	)

NET OPERATING LOSS	$	(65	)	$	(88	)	$	(55	)	$	(58	)	$	(266	)	$	(61	)	$	(49	)	$	(45	)	$	(50	)	$	(205	)


Effective tax rate (operating loss)		24.8	%		6.3	%		36.7	%		33.5	%		24.9	%		29.4	%		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 prior to the sale on August 30, 2013 presented as discontinued operations were as follows:


	2013												2012
	4Q		3Q		2Q		1Q			Total			4Q		3Q		2Q			1Q			Total
REVENUES:
Net investment gains (losses)	$	—	$	—	$	—	$	—		$	—		$	—	$	—	$	(2	)	$	(1	)	$	(3	)
Insurance and investment product fees and other		—		54		79		78			211			74		82		83			112			351

Total revenues		—		54		79		78			211			74		82		81			111			348

BENEFITS AND EXPENSES:
Acquisition and operating expenses, net of deferrals		—		46		66		66			178			58		62		62			90			272
Amortization of deferred acquisition costs and intangibles		—		1		2		1			4			1		2		1			1			5

Total benefits and expenses		—		47		68		67			182			59		64		63			91			277

INCOME BEFORE INCOME TAXES AND OTHER ITEMS		—		7		11		11			29			15		18		18			20			71
Provision for income taxes		—		3		5		4			12			7		6		6			8			27
Goodwill impairment and other (gain) loss from sale, net of taxes		—		2		—		27			29			2		—		(15	)		—			(13	)

NET INCOME (LOSS)	$	—	$	2	$	6	$	(20	)	$	(12	)	$	6	$	12	$	27		$	12		$	57


Assets under management⁽³⁾	$	—	$	—	$	22,619	$	23,056		$	—		$	22,349	$	22,633	$	22,320		$	25,684		$	22,349

⁽³⁾	Assets under management for the wealth management business prior to the sale on August 30, 2013 represented third-party assets under management that were not consolidated in the company’s financial statements.

Additional Financial Data

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Investments Summary

(amounts in millions)


		December 31, 2013					September 30, 2013					June 30, 2013					March 31, 2013					December 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		$	34,666		48	%	$	35,503		49	%	$	34,486		48	%	$	36,577		48	%	$	37,207		48	%
Private fixed maturity securities			10,563		15			10,277		14			10,368		14			10,572		14			10,484		13
Residential mortgage-backed securities⁽¹⁾			5,069		7			5,187		7			5,282		7			5,551		7			5,532		7
Commercial mortgage-backed securities			2,639		4			2,520		4			2,533		4			2,731		4			2,947		4
Other asset-backed securities			3,119		4			2,992		4			2,655		4			2,572		3			2,583		3
Tax-exempt			295		—			263		—			262		—			270		—			294		—
Non-investment grade fixed maturity securities			2,278		3			2,344		3			2,422		3			2,809		4			3,114		4
Equity securities:
Common stocks and mutual funds			258		—			303		1			332		1			401		1			431		1
Preferred stocks			83		—			76		—			79		—			89		—			87		—
Commercial mortgage loans			5,899		8			5,858		8			5,831		8			5,866		8			5,872		8
Restricted commercial mortgage loans related to securitization entities			233		—			290		—			309		—			324		—			341		—
Policy loans			1,434		2			1,668		2			1,671		2			1,606		2			1,601		2
Cash, cash equivalents and short-term investments			4,434		6			3,767		5			3,777		5			4,104		5			3,897		5
Securities lending			187		—			154		—			163		—			183		—			187		—
Other invested assets:	Limited partnerships		282		1			297		1			318		1			326		1			339		—
	Derivatives:
	Long-term care (LTC) forward starting swap—cash flow		79		—			147		—			166		—			353		—			466		1
	Other cash flow		46		—			3		—			3		—			9		—			3		—
	Fair value		1		—			1		—			1		—			4		—			43		—
	Equity index options—non-qualified		13		—			6		—			13		—			17		—			25		—
	Other non-qualified		332		1			370		1			397		1			554		1			612		1
	Trading portfolio		239		—			278		—			287		—			468		1			556		1
	Counterparty collateral		199		—			272		—			377		1			615		1			840		1
	Restricted other invested assets related to securitization entities		391		1			392		1			392		1			399		—			393		1
	Other		88		—			85		—			87		—			146		—			157		—

Total invested assets and cash		$	72,827		100	%	$	73,053		100	%	$	72,211		100	%	$	76,546		100	%	$	78,011		100	%

Public Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation
AAA		$	15,148		34	%	$	15,859		35	%	$	15,928		36	%	$	17,050		36	%	$	17,372		36	%
AA			4,627		11			4,776		11			4,204		10			4,664		10			4,746		10
A			12,488		28			12,674		28			12,530		28			13,133		28			13,238		28
BBB			10,720		24			10,426		23			10,044		23			10,345		22			10,567		22
BB			1,148		3			1,134		3			1,096		3			1,260		3			1,296		3
B			132		—			128		—			145		—			135		—			147		—
CCC and lower			112		—			130		—			182		—			257		1			397		1

Total public fixed maturity securities		$	44,375		100	%	$	45,127		100	%	$	44,129		100	%	$	46,844		100	%	$	47,763		100	%

Private Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation
AAA		$	1,483		11	%	$	1,453		10	%	$	1,326		10	%	$	1,354		10	%	$	1,427		10	%
AA			1,570		11			1,551		11			1,499		11			1,462		10			1,521		11
A			4,331		30			4,247		31			4,198		30			4,419		31			4,338		30
BBB			5,984		42			5,756		41			5,857		42			5,846		41			5,838		41
BB			736		5			798		6			819		6			886		6			929		6
B			56		—			63		—			83		—			154		1			194		1
CCC and lower			94		1			91		1			97		1			117		1			151		1

Total private fixed maturity securities		$	14,254		100	%	$	13,959		100	%	$	13,879		100	%	$	14,238		100	%	$	14,398		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

FOURTH QUARTER 2013

Fixed Maturity Securities Summary

(amounts in millions)


	December 31, 2013					September 30, 2013					June 30, 2013					March 31, 2013					December 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	$	4,810		8	%	$	5,325		9	%	$	5,048		9	%	$	5,381		9	%	$	5,491		9	%
Tax-exempt		295		—			263		—			262		—			270		—			294		1
Foreign government		2,146		4			2,232		4			2,247		4			2,345		4			2,422		4
U.S. corporate		25,035		43			24,782		42			24,742		43			25,936		43			26,105		42
Foreign corporate		15,071		26			15,276		26			14,618		25			15,540		25			15,792		25
Residential mortgage-backed securities		5,225		9			5,397		9			5,590		10			5,942		10			6,081		10
Commercial mortgage-backed securities		2,898		5			2,790		5			2,814		5			3,056		5			3,333		5
Other asset-backed securities		3,149		5			3,021		5			2,687		4			2,612		4			2,643		4

Total fixed maturity securities	$	58,629		100	%	$	59,086		100	%	$	58,008		100	%	$	61,082		100	%	$	62,161		100	%

Corporate Bond Holdings—Industry Sector:
Investment Grade:
Finance and insurance	$	7,382		19	%	$	7,344		19	%	$	7,167		19	%	$	7,746		20	%	$	7,820		20	%
Utilities and energy		9,213		24			9,084		24			9,097		24			9,438		24			9,432		24
Consumer—non-cyclical		4,669		12			4,722		12			4,674		12			4,979		13			5,027		13
Consumer—cyclical		2,282		6			2,185		6			2,157		6			2,217		6			2,272		6
Capital goods		2,238		6			2,276		6			2,332		6			2,460		6			2,515		6
Industrial		2,595		7			2,592		7			2,507		7			2,546		6			2,511		6
Technology and communications		2,867		8			2,928		8			2,864		8			2,916		7			2,966		7
Transportation		1,595		4			1,593		4			1,550		4			1,581		4			1,588		4
Other		5,471		14			5,534		14			5,245		14			5,650		14			5,793		14

Subtotal		38,312		100	%		38,258		100	%		37,593		100	%		39,533		100	%		39,924		100	%

Non-Investment Grade:
Finance and insurance		337		19	%		376		21	%		376		21	%		413		21	%		454		23	%
Utilities and energy		297		16			338		19			332		19			372		19			406		21
Consumer—non-cyclical		194		11			170		9			186		11			161		8			171		9
Consumer—cyclical		71		4			107		6			107		6			119		6			110		5
Capital goods		295		16			272		15			250		14			247		13			257		13
Industrial		267		15			243		14			236		13			322		17			318		16
Technology and communications		316		18			257		14			234		13			241		12			186		9
Transportation		5		—			26		1			29		2			53		3			55		3
Other		12		1			11		1			17		1			15		1			16		1

Subtotal		1,794		100	%		1,800		100	%		1,767		100	%		1,943		100	%		1,973		100	%

Total	$	40,106		100	%	$	40,058		100	%	$	39,360		100	%	$	41,476		100	%	$	41,897		100	%

Fixed Maturity Securities—Contractual Maturity Dates:

Due in one year or less	$	2,974		5	%	$	2,772		5	%	$	2,670		4	%	$	2,731		4	%	$	2,634		4	%
Due after one year through five years		10,187		17			10,563		18			10,313		18			10,997		18			11,139		18
Due after five years through ten years		12,526		22			12,570		21			11,880		20			12,243		20			12,266		20
Due after ten years		21,670		37			21,973		37			22,054		38			23,501		39			24,065		39

Subtotal		47,357		81			47,878		81			46,917		80			49,472		81			50,104		81
Mortgage and asset-backed securities		11,272		19			11,208		19			11,091		20			11,610		19			12,057		19

Total fixed maturity securities	$	58,629		100	%	$	59,086		100	%	$	58,008		100	%	$	61,082		100	%	$	62,161		100	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Commercial Mortgage Loans Summary

(amounts in millions)


	December 31, 2013						September 30, 2013						June 30, 2013						March 31, 2013						December 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	$	1,590			27	%	$	1,624			28	%	$	1,621			28	%	$	1,582			27	%	$	1,553			26	%
South Atlantic		1,535			26			1,558			26			1,515			26			1,549			26			1,587			27
Middle Atlantic		828			14			792			13			780			13			750			13			739			13
Mountain		478			8			462			8			466			8			458			8			463			8
East North Central		404			7			384			7			389			7			451			8			468			8
West North Central		377			6			366			6			368			6			374			6			353			6
New England		337			6			327			6			340			6			341			6			343			6
West South Central		241			4			237			4			247			4			259			4			265			4
East South Central		142			2			143			2			142			2			140			2			141			2

Subtotal		5,932			100	%		5,893			100	%		5,868			100	%		5,904			100	%		5,912			100	%

Allowance for losses		(33	)					(36	)					(38	)					(40	)					(42	)
Unamortized fees and costs		—						1						1						2						2

Total	$	5,899					$	5,858					$	5,831					$	5,866					$	5,872

Property Type
Retail	$	2,073			35	%	$	2,005			34	%	$	2,000			34	%	$	1,953			33	%	$	1,895			32	%
Industrial		1,581			27			1,571			27			1,565			27			1,584			27			1,603			27
Office		1,558			26			1,610			27			1,585			27			1,595			27			1,580			27
Apartments		491			8			473			8			490			8			542			9			552			9
Mixed use/other		229			4			234			4			228			4			230			4			282			5

Subtotal		5,932			100	%		5,893			100	%		5,868			100	%		5,904			100	%		5,912			100	%

Allowance for losses		(33	)					(36	)					(38	)					(40	)					(42	)
Unamortized fees and costs		—						1						1						2						2

Total	$	5,899					$	5,858					$	5,831					$	5,866					$	5,872

Allowance for Losses on Commercial Mortgage Loans
Beginning balance	$	36					$	38					$	40					$	42					$	44
Provision		—						—						—						—						—
Release		(3	)					(2	)					(2	)					(2	)					(2	)

Ending balance	$	33					$	36					$	38					$	40					$	42

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Commercial Mortgage Loans Summary

(amounts in millions)


	December 31, 2013					September 30, 2013					June 30, 2013					March 31, 2013				December 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	$	2,435		41	%	$	2,393		41	%	$	2,384		41	%	$	2,425		41	$	2,458		42	%
$5 million but less than $10 million		1,638		28			1,594		27			1,594		27			1,573		27		1,508		25
$10 million but less than $20 million		1,358		23			1,315		22			1,321		23			1,255		21		1,162		20
$20 million but less than $30 million		205		3			227		4			204		3			205		3		267		4
$30 million and over		296		5			364		6			365		6			446		8		517		9

Total	$	5,932		100	%	$	5,893		100	%	$	5,868		100	%	$	5,904		100	$	5,912		100	%

Commercial Mortgage Loan Information by Vintage as of December 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	$	941		486	$	2		41	%	$	—		—	$	—
2005		1,025		253	$	4		55	%		—		—	$	—
2006		964		242	$	4		62	%		32		6	$	5
2007		812		157	$	5		70	%		1		1	$	1
2008		237		51	$	5		68	%		6		1	$	6
2009		—		—	$	—		—	%		—		—	$	—
2010		142		63	$	2		44	%		—		—	$	—
2011		273		54	$	5		58	%		—		—	$	—
2012		673		97	$	7		63	%		—		—	$	—
2013		865		138	$	6		67	%		—		—	$	—

Total	$	5,932		1,541	$	4		59	%	$	39		8	$	5

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

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

General Account GAAP Net Investment Income Yields

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
GAAP Net Investment Income
Fixed maturity securities—taxable	$	663		$	651		$	672		$	656		$	2,642		$	678		$	659		$	669		$	660		$	2,666
Fixed maturity securities—non-taxable		2			3			2			2			9			2			2			3			4			11
Commercial mortgage loans		91			81			81			82			335			84			87			85			84			340
Restricted commercial mortgage loans related to securitization entities		1			8			7			7			23			8			8			7			9			32
Equity securities		4			3			6			4			17			5			4			6			4			19
Other invested assets		33			33			33			46			145			37			46			36			43			162
Limited partnerships		24			8			6			2			40			12			2			20			10			44
Restricted other invested assets related to securitization entities		4			—			—			—			4			1			—			—			—			1
Policy loans		32			33			32			32			129			30			31			31			31			123
Cash, cash equivalents and short-term investments		4			4			5			7			20			7			8			10			10			35

Gross investment income before expenses and fees		858			824			844			838			3,364			864			847			867			855			3,433
Expenses and fees		(23	)		(23	)		(23	)		(24	)		(93	)		(24	)		(22	)		(21	)		(23	)		(90	)

Net investment income	$	835		$	801		$	821		$	814		$	3,271		$	840		$	825		$	846		$	832		$	3,343

Annualized Yields
Fixed maturity securities—taxable		4.7	%		4.7	%		4.9	%		4.7	%		4.8	%		4.9	%		4.8	%		4.9	%		4.9	%		4.8	%
Fixed maturity securities—non-taxable		2.6	%		4.2	%		2.9	%		2.7	%		3.1	%		2.5	%		2.4	%		3.3	%		3.4	%		2.9	%
Commercial mortgage loans		6.2	%		5.5	%		5.5	%		5.6	%		5.7	%		5.7	%		5.9	%		5.7	%		5.5	%		5.7	%
Restricted commercial mortgage loans related to securitization entities		1.5	%		10.5	%		8.6	%		8.4	%		7.6	%		9.1	%		8.6	%		7.6	%		9.0	%		8.5	%
Equity securities		4.7	%		3.2	%		5.7	%		3.4	%		4.2	%		4.1	%		3.5	%		5.7	%		4.1	%		4.4	%
Other invested assets		44.9	%		42.1	%		29.4	%		28.3	%		32.8	%		18.6	%		20.0	%		14.0	%		15.8	%		17.1	%
Limited partnerships⁽¹⁾		33.2	%		10.4	%		7.5	%		2.4	%		12.8	%		14.0	%		2.3	%		22.6	%		11.5	%		12.7	%
Restricted other invested assets related to securitization entities		4.2	%		—	%		—	%		—	%		1.1	%		1.1	%		0.2	%		0.1	%		—	%		0.3	%
Policy loans		8.3	%		7.9	%		7.8	%		8.0	%		8.1	%		7.4	%		7.6	%		7.8	%		8.0	%		7.7	%
Cash, cash equivalents and short-term investments		0.4	%		0.4	%		0.5	%		0.7	%		0.5	%		0.7	%		0.8	%		0.9	%		0.8	%		0.8	%

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

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

Yields are based on net investment income as reported under U.S. GAAP and are consistent with how the company measures its investment performance for management purposes. Yields are annualized, for interim periods, and are calculated as net investment income as a percentage of average quarterly asset carrying values except for fixed maturity and equity securities, derivatives and derivative counterparty collateral, which exclude unrealized fair value adjustments and securities lending activity, which is included in other invested assets and is calculated net of the corresponding securities lending liability. See page 74 herein for average invested assets and cash used in the yield calculation.

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail⁽¹⁾

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Net realized gains (losses) on available-for-sale securities:
Fixed maturity securities:
U.S. corporate	$	(5	)	$	1		$	22		$	4		$	22		$	9		$	5		$	(1	)	$	8		$	21
U.S. government, agencies and government-sponsored enterprises		5			2			1			—			8			1			2			2			2			7
Foreign corporate		1			—			8			1			10			3			1			1			1			6
Foreign government		2			(2	)		8			4			12			3			2			2			1			8
Tax-exempt		—			—			—			(2	)		(2	)		—			(1	)		1			(1	)		(1	)
Mortgage-backed securities		(2	)		(9	)		(15	)		(20	)		(46	)		(5	)		(1	)		(2	)		(2	)		(10	)
Asset-backed securities		(6	)		(5	)		(11	)		(8	)		(30	)		(14	)		(1	)		—			1			(14	)
Equity securities		5			6			8			3			22			—			3			—			—			3

Total net realized gains (losses) on available-for-sale securities		—			(7	)		21			(18	)		(4	)		(3	)		10			3			10			20

Impairments:
Sub-prime residential mortgage-backed securities		(1	)		(1	)		—			(2	)		(4	)		(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		(1	)		(1	)		—			(2	)		(4	)		(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		(2	)		(1	)		(2	)		(1	)		(6	)		(3	)		(3	)		(3	)		(3	)		(12	)
Corporate fixed maturity securities		—			—			—			(4	)		(4	)		(3	)		—			(10	)		—			(13	)
Limited partnerships		—			—			—			—			—			—			—			(1	)		—			(1	)
Commercial mortgage loans		—			(1	)		(2	)		—			(3	)		—			(2	)		—			(1	)		(3	)

Total impairments		(3	)		(3	)		(4	)		(7	)		(17	)		(14	)		(19	)		(27	)		(10	)		(70	)

Net unrealized gains (losses) on trading securities		(5	)		(5	)		(11	)		6			(15	)		—			9			22			(17	)		14
Derivative instruments		9			(12	)		(2	)		(27	)		(32	)		6			(2	)		(18	)		17			3
Limited partnerships		—			(2	)		—			—			(2	)		—			—			—			—			—
Commercial mortgage loans held-for-sale market valuation allowance		(1	)		2			1			1			3			(2	)		1			1			2			2
Contingent purchase price valuation change		—			—			(1	)		1			—			1			(6	)		1			—			(4	)
Net gains (losses) related to securitization entities		17			13			9			6			45			21			12			(3	)		22			52
Other		—			—			—			(1	)		(1	)		—			—			—			—			—

Net investment gains (losses), net of taxes		17			(14	)		13			(39	)		(23	)		9			5			(21	)		24			17
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes		—			4			5			12			21			(7	)		(6	)		3			(5	)		(15	)
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes		(2	)		(3	)		(3	)		(1	)		(9	)		—			(1	)		—			(2	)		(3	)

Net investment gains (losses), net of taxes and other adjustments	$	15		$	(13	)	$	15		$	(28	)	$	(11	)	$	2		$	(2	)	$	(18	)	$	17		$	(1	)

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

Reconciliations of Non-GAAP Measures

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Reconciliation of Operating ROE

(amounts in millions)


Twelve Month Rolling Average ROE	Twelve months ended
	December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013			December 31, 2012
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended⁽¹⁾	$	560		$	520		$	447		$	382		$	325
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	11,558		$	11,412		$	11,302		$	11,200		$	11,115
GAAP Basis ROE ^(1)/(2)		4.8	%		4.6	%		4.0	%		3.4	%		2.9	%

Operating ROE
Net operating income (loss) for the twelve months ended⁽¹⁾	$	616		$	584		$	562		$	496		$	403
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	11,558		$	11,412		$	11,302		$	11,200		$	11,115
Operating ROE ^(1)/(2)		5.3	%		5.1	%		5.0	%		4.4	%		3.6	%

Quarterly Average ROE	Three months ended
	December 31, 2013			September 30, 2013			June 30, 2013			March 31, 2013			December 31, 2012
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended⁽³⁾	$	208		$	108		$	141		$	103		$	168
Average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	11,778		$	11,606		$	11,473		$	11,345		$	11,225
Annualized GAAP Quarterly Basis ROE^(3)/(4)		7.1	%		3.7	%		4.9	%		3.6	%		6.0	%

Operating ROE
Net operating income (loss) for the period ended⁽³⁾	$	193		$	139		$	133		$	151		$	161
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	11,778		$	11,606		$	11,473		$	11,345		$	11,225
Annualized Operating Quarterly Basis ROE^(3)/(4)		6.6	%		4.8	%		4.6	%		5.3	%		5.7	%

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 9 herein.

⁽²⁾

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

⁽³⁾	Net income (loss) available to Genworth Financial, Inc.’s common stockholders and net operating income (loss) from page 9 herein.

⁽⁴⁾	Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss).

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2013

Reconciliation of Expense Ratio

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
GAAP Basis Expense Ratio
Acquisition and operating expenses, net of deferrals⁽¹⁾	$	406		$	407		$	413		$	433		$	1,659		$	272		$	443		$	439		$	440		$	1,594
Total revenues⁽²⁾	$	2,412		$	2,317		$	2,371		$	2,303		$	9,403		$	2,467		$	2,456		$	2,402		$	2,315		$	9,640

Expense ratio^(1)/(2)		16.8	%		17.6	%		17.4	%		18.8	%		17.6	%		11.0	%		18.0	%		18.3	%		19.0	%		16.5	%

GAAP Basis, As Adjusted—Expense Ratio
Acquisition and operating expenses, net of deferrals	$	406		$	407		$	413		$	433		$	1,659		$	272		$	443		$	439		$	440		$	1,594
Less lifestyle protection insurance business		107			106			110			110			433			113			117			126			127			483

Adjusted acquisition and operating expenses, net of deferrals⁽³⁾	$	299		$	301		$	303		$	323		$	1,226		$	159		$	326		$	313		$	313		$	1,111

Total revenues	$	2,412		$	2,317		$	2,371		$	2,303		$	9,403		$	2,467		$	2,456		$	2,402		$	2,315		$	9,640
Less lifestyle protection insurance business		192			187			202			205			786			195			198			211			218			822
Less net investment gains (losses)		22			(24	)		5			(67	)		(64	)		11			8			(34	)		36			21

Adjusted total revenues⁽⁴⁾	$	2,198		$	2,154		$	2,164		$	2,165		$	8,681		$	2,261		$	2,250		$	2,225		$	2,061		$	8,797

Adjusted expense ratio^(3)/(4)		13.6	%		14.0	%		14.0	%		14.9	%		14.1	%		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

FOURTH QUARTER 2013

Reconciliation of Core Premiums

(amounts in millions)


	2013															2012
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Reported premiums	$	1,310		$	1,291		$	1,286		$	1,261		$	5,148		$	1,320		$	1,313		$	1,302		$	1,106		$	5,041
Less U.S. Life Insurance—fixed annuities premiums		15			21			15			13			64			30			26			15			33			104
Less impact of changes in foreign exchange rates		(12	)		(6	)		(5	)		6			(17	)		(2	)		(34	)		(23	)		(3	)		(62	)

Core premiums	$	1,307		$	1,276		$	1,276		$	1,242		$	5,101		$	1,292		$	1,321		$	1,310		$	1,076		$	4,999


Reported premium percentage change from prior year		-0.8	%		-1.7	%		-1.2	%		14.0	%		2.1	%		-2.2	%		-10.0	%		-9.9	%		-22.9	%		-11.4	%
Core premium percentage change from prior year		1.2	%		-3.4	%		-2.6	%		15.4	%		2.0	%		-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

FOURTH QUARTER 2013

Reconciliation of Core Yield


		2013															2012
	(Assets—amounts in billions)	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
	Reported—Total Invested Assets and Cash	$	72.8		$	73.1		$	72.2		$	76.5		$	72.8		$	78.0		$	78.6		$	76.8		$	74.5		$	78.0
	Subtract:
	Securities lending		0.2			0.2			0.2			0.2			0.2			0.2			0.2			0.2			0.1			0.2
	Unrealized gains (losses)		2.8			3.3			3.7			6.7			2.8			7.2			7.3			6.4			4.1			7.2
	Derivative counterparty collateral		0.2			0.3			0.4			0.6			0.2			0.8			1.0			1.2			0.6			0.8

	Adjusted end of period invested assets and cash	$	69.6		$	69.3		$	67.9		$	69.0		$	69.6		$	69.8		$	70.1		$	69.0		$	69.7		$	69.8

(A)	Average Invested Assets And Cash Used in Reported Yield Calculation	$	69.5		$	68.6		$	68.5		$	69.4		$	69.0		$	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			0.2			0.3			0.3			0.3			0.4			0.3			0.4			0.4

(B)	Average Invested Assets And Cash Used in Core Yield Calculation		69.2			68.3			68.3			69.1			68.7			69.7			69.2			69.1			69.4			69.3
	Subtract:
	Portfolios supporting floating products and non-recourse funding obligations⁽¹⁾		4.4			4.6			5.2			5.7			5.0			6.2			6.6			6.8			7.5			6.8

(C)	Average Invested Assets And Cash Used in Core Yield (excl. Floating and Non-Recourse Funding) Calculation	$	64.8		$	63.7		$	63.1		$	63.4		$	63.7		$	63.5		$	62.6		$	62.3		$	61.9		$	62.5

	(Income—amounts in millions)
(D)	Reported—Net Investment Income	$	835		$	801		$	821		$	814		$	3,271		$	840		$	825		$	846		$	832		$	3,343
	Subtract:
	Bond calls and commercial mortgage loan prepayments		8			15			14			10			47			13			14			4			5			36
	Reinsurance⁽²⁾		20			17			21			22			80			16			19			24			22			81
	Other non-core items⁽³⁾		17			4			19			2			42			13			3			8			4			28
	Restricted commercial mortgage loans and other invested assets related to securitization entities		3			4			4			4			15			5			6			5			5			21

(E)	Core Net Investment Income		787			761			763			776			3,087			793			783			805			796			3,177
	Subtract:
	Investment income from portfolios supporting floating products and non-recourse funding obligations⁽¹⁾		27			24			25			25			101			31			29			30			33			123

(F)	Core Net Investment Income (excl. Floating and Non-Recourse Funding)	$	760		$	737		$	738		$	751		$	2,986		$	762		$	754		$	775		$	763		$	3,054


(D) /(A)	Reported Yield		4.81	%		4.67	%		4.79	%		4.69	%		4.74	%		4.80	%		4.74	%		4.88	%		4.77	%		4.80	%
(E) /(B)	Core Yield		4.55	%		4.46	%		4.47	%		4.49	%		4.49	%		4.55	%		4.53	%		4.66	%		4.59	%		4.58	%
(F) /(C)	Core Yield (excl. Floating and Non-Recourse Funding)		4.69	%		4.63	%		4.68	%		4.74	%		4.68	%		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 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.

⁽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 cost basis adjustments on structured securities, preferred stock income and various other immaterial items.

Corporate Information

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH 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 and Annuity Insurance Company	A-	A3	A
Genworth Life Insurance Company of New York	A-	A3	A

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⁾	Not rated	Aa3.mx

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

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

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

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

FOURTH 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.

Moody’s states that insurance companies rated “A” (Good) offer good financial security and that insurance companies rated “Ba” (Questionable) offer questionable financial security. The “A” (Good) and “Ba” (Questionable) ranges are the third- and fifth-highest, respectively, of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the groups, with 1 being the highest and 3 being the lowest. These modifiers are not added to ratings in the “Aaa” category or to ratings below the “Caa” category. Accordingly, the “A3” and “Ba2” ratings are the seventh- and twelfth-highest, respectively, of Moody’s 21 ratings categories. Issuers or issues rated “Aa.mx” demonstrate very strong creditworthiness relative to other issuers in Mexico.

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

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

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

About Genworth Financial

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

Inquiries:

Georgette Nicholas, 804-662-2248

Georgette.Nicholas@genworth.com