EX-99.1

Exhibit 99.1

Genworth Financial, Inc.

Unaudited Pro Forma Condensed Consolidated Financial Statements

The following unaudited pro forma condensed consolidated financial statements and related notes are presented to show the effect on the historical condensed consolidated financial statements of Genworth Financial, Inc. (the “Company”) of the sale of the Company’s lifestyle protection insurance business (the “Sale”) consisting of 100% of the outstanding capital stock of the following subsidiaries: Genworth Financial European Group Holdings Limited, Genworth General Services Asia Limited and CFI Administrators Limited (collectively, the “Sale Companies”). The Sale was closed on December 1, 2015.

The unaudited pro forma condensed consolidated balance sheet as of September 30, 2015 is based on the assumption that the Sale was completed on September 30, 2015. The unaudited pro forma condensed consolidated statements of income for the years ended December 31, 2014, 2013 and 2012 is based on the assumption that the Sale was completed on January 1, 2012.

The unaudited pro forma financial statements as of and for the periods presented are for illustrative and informational purposes only and are not intended to represent, or be indicative of, what the Company’s financial position or results of operations would have been had the Sale been completed on the dates noted above. The unaudited pro forma condensed consolidated financial statements also should not be considered representative of the Company’s future financial position or results of operations.

The pro forma adjustments are based upon currently available information and certain assumptions that the Company believes are reasonable under the circumstances. Actual amounts could differ materially from these estimates. The pro forma results should be read in conjunction with the financial statements and notes thereto in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 and Quarterly Reports on Form 10-Q for the periods ended June 30, 2015 and September 30, 2015.

GENWORTH FINANCIAL, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED BALANCE SHEET

As of September 30, 2015


	Historical			Adjustments			Pro Forma
Assets
Investments:
Fixed maturity securities available-for-sale, at fair value	$	60,851		$	—		$	60,851
Equity securities available-for-sale, at fair value		273			—			273
Commercial mortgage loans		6,133			—			6,133
Restricted commercial mortgage loans related to securitization entities		175			—			175
Policy loans		1,567			—			1,567
Other invested assets		2,773			—			2,773
Restricted other invested assets related to securitization entities, at fair value		412			—			412

Total investments		72,184			—			72,184
Cash and cash equivalents		3,666			415	(a)		4,081
Accrued investment income		685			—			685
Deferred acquisition costs		4,437			—			4,437
Intangible assets		284			—			284
Goodwill		14			—			14
Reinsurance recoverable		17,276			—			17,276
Other assets		577			—			577
Separate account assets		7,893			—			7,893
Assets held for sale related to discontinued operations		1,206			(1,206	) (b)		—

Total assets	$	108,222		$	(791	)	$	107,431


Liabilities and stockholders’ equity
Liabilities:
Future policy benefits	$	36,472		$	—		$	36,472
Policyholder account balances		26,000			—			26,000
Liability for policy and contract claims		8,065			—			8,065
Unearned premiums		3,340			—			3,340
Other liabilities ($42 of other liabilities are related to securitization entities)		3,241			—			3,241
Borrowings related to securitization entities ($80 are carried at fair value)		188			—			188
Non-recourse funding obligations		1,951			—			1,951
Long-term borrowings		4,601			—			4,601
Deferred tax liability		201			—			201
Separate account liabilities		7,893			—			7,893
Liabilities held for sale related to discontinued operations		854			(854	) (b)		—

Total liabilities		92,806			(854	)		91,952


Stockholders’ equity:
Class A common stock, $0.001 par value; 1.5 billion shares authorized; 586 million shares issued; 497 million shares outstanding		1			—			1
Additional paid-in capital		11,944			—			11,944


Accumulated other comprehensive income (loss):
Net unrealized investment gains (losses):
Net unrealized gains (losses) on securities not other-than-temporarily impaired		1,709			(49	) (b)		1,660
Net unrealized gains (losses) on other-than-temporarily impaired securities		22			—			22

Net unrealized investment gains (losses)		1,731			(49	)		1,682

Derivatives qualifying as hedges		2,130			—			2,130
Foreign currency translation and other adjustments		(383	)		63	(b)		(320	)

Total accumulated other comprehensive income (loss)		3,478			14			3,492
Retained earnings		856			49			905
Treasury stock, at cost (88 million shares)		(2,700	)		—			(2,700	)

Total Genworth Financial, Inc.’s stockholders’ equity		13,579			63			13,642
Noncontrolling interests		1,837			—			1,837

Total stockholders’ equity		15,416			63			15,479

Total liabilities and stockholders’ equity	$	108,222		$	(791	)	$	107,431

See Notes to Unaudited Pro Forma Condensed Consolidated Balance Sheet

Genworth Financial, Inc.

Notes to Unaudited Pro Forma

Condensed Consolidated Balance Sheet

(a)

Adjustment reflects the net proceeds received in connection with the Sale. Proceeds are net of expenses related to the Sale, including pension settlement costs, transaction related expenses and gains related to foreign exchange hedging. The Company assumed these expenses were paid on September 30, 2015.

(b)

Adjustments reflect the disposition of the assets and liabilities of the Sale Companies to AXA previously presented as assets and liabilities held for sale related to discontinued operations. Adjustments also reflect the write off of the net unrealized investment gains and currency translation adjustments included in other comprehensive income (loss) of the Sale Companies.

GENWORTH FINANCIAL, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME

For the Year Ended December 31, 2014

(Amounts in millions, except per share amounts)


	Historical			Adjustments			Pro Forma
Revenues:
Premiums	$	5,431		$	(731	) (a)	$	4,700
Net investment income		3,242			(100	) (a)		3,142
Net investment gains (losses)		(20	)		(2	) (a)		(22	)
Insurance and investment product fees and other		912			(3	) (a)		909

Total revenues		9,565			(836	)		8,729

Benefits and expenses:
Benefits and other changes in policy reserves		6,620			(202	) (a)		6,418
Interest credited		737			—			737
Acquisition and operating expenses, net of deferrals		1,585			(447	) (a)		1,138
Amortization of deferred acquisition costs and intangibles		571			(118	) (a)		453
Goodwill impairment		849			—			849
Interest expense		479			(46	) (a)		433

Total benefits and expenses		10,841			(813	)		10,028

Loss before income taxes		(1,276	)		(23	)		(1,299	)
Provision (benefit) for income taxes		(228	)		134	(b)		(94	)

Loss from continuing operations		(1,048	)		(157	)		(1,205	)
Income from discontinued operations, net of taxes		—			—			—

Net loss		(1,048	)		(157	)		(1,205	)
Less: net income attributable to noncontrolling interests		196			—			196

Net loss available to Genworth Financial, Inc.’s common stockholders	$	(1,244	)	$	(157	)	$	(1,401	)


Loss from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share:
Basic	$	(2.51	)				$	(2.82	)

Diluted	$	(2.51	)				$	(2.82	)

Net loss available to Genworth Financial, Inc.’s common stockholders per common share:
Basic	$	(2.51	)				$	(2.82	)

Diluted	$	(2.51	)				$	(2.82	)

Weighted-average common shares outstanding:
Basic		496.4						496.4

Diluted		496.4						496.4

See Notes to Unaudited Pro Forma Condensed Consolidated Statements of Income

GENWORTH FINANCIAL, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME

For the Year Ended December 31, 2013

(Amounts in millions, except per share amounts)


	Historical			Adjustments			Pro Forma
Revenues:
Premiums	$	5,148		$	(632	) (a)	$	4,516
Net investment income		3,271			(116	) (a)		3,155
Net investment gains (losses)		(37	)		(27	) (a)		(64	)
Insurance and investment product fees and other		1,021			(3	) (a)		1,018

Total revenues		9,403			(778	)		8,625

Benefits and expenses:
Benefits and other changes in policy reserves		4,895			(158	) (a)		4,737
Interest credited		738			—			738
Acquisition and operating expenses, net of deferrals		1,659			(415	) (a)		1,244
Amortization of deferred acquisition costs and intangibles		569			(106	) (a)		463
Interest expense		492			(42	) (a)		450

Total benefits and expenses		8,353			(721	)		7,632

Income before income taxes		1,050			(57	)		993
Provision for income taxes		324			(11	) (b)		313

Income from continuing operations		726			(46	)		680
Income from discontinued operations, net of taxes		(12	)		—			(12	)

Net income		714			(46	)		668
Less: net income attributable to noncontrolling interests		154			—			154

Net income available to Genworth Financial, Inc.’s common stockholders	$	560		$	(46	)	$	514


Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share:
Basic	$	1.16					$	1.07

Diluted	$	1.15					$	1.05

Net income available to Genworth Financial, Inc.’s common stockholders per common share:
Basic	$	1.13					$	1.04

Diluted	$	1.12					$	1.03

Weighted-average common shares outstanding:
Basic		493.6						493.6

Diluted		498.7						498.7

See Notes to Unaudited Pro Forma Condensed Consolidated Statements of Income

GENWORTH FINANCIAL, INC.

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF INCOME

For the Year Ended December 31, 2012

(Amounts in millions, except per share amounts)


	Historical		Adjustments			Pro Forma
Revenues:
Premiums	$	5,041	$	(677	) (a)	$	4,364
Net investment income		3,343		(127	) (a)		3,216
Net investment gains (losses)		27		(5	) (a)		22
Insurance and investment product fees and other		1,229		(3	) (a)		1,226

Total revenues		9,640		(812	)		8,828

Benefits and expenses:
Benefits and other changes in policy reserves		5,378		(146	) (a)		5,232
Interest credited		775		—			775
Acquisition and operating expenses, net of deferrals		1,594		(458	) (a)		1,136
Amortization of deferred acquisition costs and intangibles		722		(113	) (a)		609
Goodwill impairment		89		(89	) (a)		—
Interest expense		476		(45	) (a)		431

Total benefits and expenses		9,034		(851	)		8,183

Income before income taxes		606		39			645
Provision (benefit) for income taxes		138		(7	) (b)		131

Income from continuing operations		468		46			514
Income (loss) from discontinued operations, net of taxes		57		—			57

Net income		525		46			571
Less: net income attributable to noncontrolling interests		200		—			200

Net income (loss) available to Genworth Financial, Inc.’s common stockholders	$	325	$	46		$	371


Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per common share:
Basic	$	0.55				$	0.64

Diluted	$	0.54				$	0.64

Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share:
Basic	$	0.66				$	0.75

Diluted	$	0.66				$	0.75

Weighted-average common shares outstanding:
Basic		491.6					491.6

Diluted		494.4					494.4

See Notes to Unaudited Pro Forma Condensed Consolidated Statements of Income

Genworth Financial, Inc.

Notes to Unaudited Pro Forma

Condensed Consolidated Statements of Income

(a)	Adjustment reflects the elimination of revenues and expenses of the Sale Companies from the Company’s historical results as if the Sale occurred on January 1, 2012.

(b)	Adjustment represents the income tax effect of the elimination of the revenue and expenses of the Sale Companies. The tax effect was calculated using the historical statutory rates in effect for the periods presented.