EX-99.2

Exhibit 99.2

LOGO

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017


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

*Consolidated Quarterly Results*
Consolidated Net Income (Loss) by Quarter		8
Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss)		9
Consolidated Balance Sheets		10-11
Consolidated Balance Sheets by Segment		12-13
Deferred Acquisition Costs (DAC) Rollforward		14

*Quarterly Results by Business*
Adjusted Operating Income and Sales—U.S. Mortgage Insurance Segment		16-22
Adjusted Operating Income and Sales—Canada Mortgage Insurance Segment		24-27
Adjusted Operating Income and Sales—Australia Mortgage Insurance Segment		29-32
Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment		34-37
Adjusted Operating Income—Runoff Segment		39
Adjusted Operating Loss—Corporate and Other Activities		41

*Additional Financial Data*
Investments Summary		43
Fixed Maturity Securities Summary		44
General Account GAAP Net Investment Income Yields		45
Net Investment Gains (Losses), Net—Detail		46

*Reconciliations of Non-GAAP Measures*
Reconciliation of Operating Return On Equity (ROE)		48
Reconciliation of Core Yield		49

*Corporate Information*
Financial Strength Ratings		51

Note:

Unless otherwise stated, all 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, adjusted operating income (loss), adjusted operating income (loss) per share, book value and book value per 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, non-U.S. Generally Accepted Accounting Principles (GAAP) adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders, non-GAAP adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders per share, book value available to Genworth Financial, Inc.’s common stockholders and book value available to Genworth Financial, Inc.’s common stockholders per share, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Dear Investor,

Thank you for your continued interest in Genworth Financial.

Regards,

Investor Relations

InvestorInfo@genworth.com

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Use of Non-GAAP Measures

This financial supplement includes the non-GAAP financial measures entitled “adjusted operating income (loss)” and “adjusted operating income (loss) per share.” Adjusted operating income (loss) per share is derived from adjusted operating income (loss). The chief operating decision maker evaluates segment performance and allocates resources on the basis of adjusted operating income (loss). The company defines adjusted operating income (loss) as income (loss) from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions, restructuring costs and infrequent or unusual non-operating items. Gains (losses) on insurance block transactions are defined as gains (losses) on the early extinguishment of non-recourse funding obligations, early termination fees for other financing restructuring and/or resulting gains (losses) on reinsurance restructuring for certain blocks of business. The company excludes net investment gains (losses) and infrequent or unusual non-operating items because the company does not consider them to be related to the operating performance of the company’s segments and Corporate and Other activities. A component of the company’s net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, gains (losses) on insurance block transactions and restructuring costs are also excluded from adjusted operating income (loss) because, in the company’s opinion, they are not indicative of overall operating trends. Infrequent or unusual non-operating items are also excluded from adjusted operating income (loss) if, in the company’s opinion, they are not indicative of overall operating trends.

While some of these items may be significant components of net income (loss) available to Genworth Financial, Inc.’s common stockholders in accordance with GAAP, the company believes that adjusted operating income (loss) and measures that are derived from or incorporate adjusted operating income (loss), including adjusted operating income (loss) per 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 adjusted 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 adjusted operating income (loss) have occurred in the past and could, and in some cases will, recur in the future. Adjusted operating income (loss) and adjusted operating income (loss) per 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 share on a basic and diluted basis determined in accordance with GAAP. In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies.

Adjustments to reconcile net income (loss) attributable to Genworth Financial, Inc.’s common stockholders and adjusted operating income (loss) assume a 35% tax rate (unless otherwise indicated) and are net of the portion attributable to noncontrolling interests. Net investment gains (losses) are also adjusted for DAC and other intangible amortization and certain benefit reserves (see page 46).

In June 2016, the company completed the sale of its term life insurance new business platform and recorded a pre-tax gain of $12 million. In May 2016, the company completed the sale of its mortgage insurance business in Europe and recorded an additional pre-tax loss of $2 million. In the first quarter of 2016, the company recorded an estimated pre-tax loss of $7 million and a tax benefit of $27 million related to the planned sale of the mortgage insurance business in Europe. These transactions were excluded from adjusted operating income (loss) for the periods presented as they related to a gain (loss) on the sale of businesses.

In June 2016, the company settled restricted borrowings of $70 million related to a securitization entity and recorded a $64 million pre-tax gain related to the early extinguishment of debt. In January 2016, the company paid a pre-tax make-whole expense of $20 million related to the early redemption of Genworth Holdings, Inc.’s (Genworth Holdings) 2016 notes. The company also repurchased $28 million principal amount of Genworth Holdings’ notes with various maturity dates for a pre-tax gain of $4 million in the first quarter of 2016. These transactions were excluded from adjusted operating income (loss) for the periods presented as they related to a gain (loss) on the early extinguishment of debt.

In the first quarter of 2016, the company completed a life block transaction resulting in a pre-tax loss of $9 million in connection with the early extinguishment of non-recourse funding obligations.

In the first quarter of 2017, the company recorded a pre-tax expense of $1 million related to restructuring costs as part of an expense reduction plan as the company evaluates and appropriately sizes its organizational needs and expenses. In the third, second and first quarters of 2016, the company also recorded a pre-tax expense of $2 million, $5 million and $15 million, respectively, related to restructuring costs.

There were no infrequent or unusual items excluded from adjusted operating income (loss) during the periods presented other than fees incurred during the first quarter of 2016 related to Genworth Holdings’ bond consent solicitation of $18 million for broker, advisor and investment banking fees.

The table on page 9 of this financial supplement provides a reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) for the periods presented and reflects adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting. The financial supplement includes other non-GAAP measures management believes enhances the understanding and comparability of performance by highlighting underlying business activity and profitability drivers. These additional non-GAAP measures are on pages 48 and 49 of this financial supplement.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Results of Operations and Selected Operating Performance Measures

The company’s chief operating decision maker evaluates segment performance and allocates resources on the basis of adjusted operating income (loss). The table on page 9 of this financial supplement provides a reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) for the periods presented and reflects adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting.

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

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

Management regularly monitors and reports insurance in-force and risk in-force. Insurance in-force for the mortgage insurance businesses is a measure of the aggregate original loan balance for outstanding insurance policies as of the respective reporting date. Risk in-force for the U.S. mortgage insurance business is based on the coverage percentage applied to the estimated current outstanding loan balance. For risk in-force in the mortgage insurance businesses in Canada and Australia, 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 mortgage insurance businesses in Canada and Australia. In Australia, the company has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100% coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor. The company considers insurance in-force and risk in-force to be measures of the company’s operating performance because they represent measures of the size of the business at a specific date which will generate revenues and profits in a future period, rather than measures of the company’s revenues or profitability during that period.

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

These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Financial Highlights

(amounts in millions, except per share data)


Balance Sheet Data	March 31, 2017			December 31, 2016		September 30, 2016		June 30, 2016			March 31, 2016
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	$	9,716		$	9,550	$	9,669	$	10,045		$	9,870
Total accumulated other comprehensive income		3,096			3,094		5,202		5,088			4,185

Total Genworth Financial, Inc.’s stockholders’ equity	$	12,812		$	12,644	$	14,871	$	15,133		$	14,055

Book value per share	$	25.68		$	25.37	$	29.84	$	30.37		$	28.19
Book value per share, excluding accumulated other comprehensive income	$	19.47		$	19.16	$	19.40	$	20.16		$	19.80
Common shares outstanding as of the balance sheet date		498.9			498.4		498.4		498.3			498.5

	Twelve months ended
Twelve Month Rolling Average ROE	March 31, 2017			December 31, 2016		September 30, 2016		June 30, 2016			March 31, 2016
GAAP Basis ROE		-1.8	%		-2.8%		-4.5%		-3.5	%		-7.0	%
Operating ROE⁽¹⁾		-2.8	%		-3.2%		-2.6%		2.1	%		2.0	%

	Three months ended
Quarterly Average ROE	March 31, 2017			December 31, 2016		September 30, 2016		June 30, 2016			March 31, 2016
GAAP Basis ROE		6.4	%		-5.1%		-15.4%		6.9	%		2.2	%
Operating ROE⁽¹⁾		5.9	%		-5.7%		-16.4%		4.9	%		4.2	%


Basic and Diluted Shares	Three months ended March 31, 2017
Weighted-average common shares used in basic earnings per share calculations		498.6
Potentially dilutive securities:
Stock options, restricted stock units and stock appreciation rights		2.4

Weighted-average common shares used in diluted earnings per share calculations		501.0

⁽¹⁾	See page 48 herein for a reconciliation of GAAP Basis ROE to Operating ROE.

Consolidated Quarterly Results

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Consolidated Net Income (Loss) by Quarter

(amounts in millions, except per share amounts)


	2017		2016
	1Q		4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	1,136	$	1,131		$	1,108		$	1,127		$	794		$	4,160
Net investment income		790		786			805			779			789			3,159
Net investment gains (losses)		34		41			20			30			(19	)		72
Policy fees and other income		211		240			217			300			221			978

Total revenues		2,171		2,198			2,150			2,236			1,785			8,369

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,246		1,530			1,662			1,193			860			5,245
Interest credited		167		173			173			173			177			696
Acquisition and operating expenses, net of deferrals		270		283			269			327			394			1,273
Amortization of deferred acquisition costs and intangibles		94		193			94			112			99			498
Interest expense		62		75			77			80			105			337

Total benefits and expenses		1,839		2,254			2,275			1,885			1,635			8,049

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		332		(56	)		(125	)		351			150			320
Provision for income taxes		116		3			222			110			23			358

INCOME (LOSS) FROM CONTINUING OPERATIONS		216		(59	)		(347	)		241			127			(38	)
Income (loss) from discontinued operations, net of taxes⁽¹⁾		—		(4	)		15			(21	)		(19	)		(29	)

NET INCOME (LOSS)		216		(63	)		(332	)		220			108			(67	)
Less: net income attributable to noncontrolling interests		61		59			48			48			55			210

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		$ 155	$	(122	)	$	(380	)	$	172		$	53		$	(277	)


Earnings (Loss) Per Share Data:
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share
Basic	$	0.31	$	(0.24	)	$	(0.79	)	$	0.39		$	0.14		$	(0.50	)
Diluted	$	0.31	$	(0.24	)	$	(0.79	)	$	0.39		$	0.14		$	(0.50	)
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share
Basic	$	0.31	$	(0.25	)	$	(0.76	)	$	0.35		$	0.11		$	(0.56	)
Diluted	$	0.31	$	(0.25	)	$	(0.76	)	$	0.34		$	0.11		$	(0.56	)
Weighted-average common shares outstanding
Basic		498.6		498.4			498.3			498.5			498.0			498.3
Diluted⁽²⁾		501.0		498.4			498.3			500.4			499.4			498.3

⁽¹⁾

Income (loss) from discontinued operations related to the lifestyle protection business that was sold on December 1, 2015. During the fourth, third, second and first quarters of 2016, the company recorded an additional after-tax gain (loss) of approximately $(4) million, $15 million, $(21) million and $(19) million, respectively, as it finalized the closing balance sheet purchase price adjustments.

⁽²⁾

Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share as the inclusion of shares for stock options, restricted stock units and stock appreciation rights of 2.5 million and 2.2 million, respectively, for the three months ended December 31, 2016 and September 30, 2016 and 2.0 million for the twelve months ended December 31, 2016 would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations in these periods, dilutive potential weighted-average common shares outstanding would have been 500.9 million and 500.5 million, respectively, for the three months ended December 31, 2016 and September 30, 2016 and 500.3 million for the twelve months ended December 31, 2016.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss)

(amounts in millions, except per share amounts)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	155		$	(122	)	$	(380	)	$	172		$	53		$	(277	)
Add: net income attributable to noncontrolling interests		61			59			48			48			55			210

NET INCOME (LOSS)		216			(63	)		(332	)		220			108			(67	)
Income (loss) from discontinued operations, net of taxes		—			(4	)		15			(21	)		(19	)		(29	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		216			(59	)		(347	)		241			127			(38	)
Less: income from continuing operations attributable to noncontrolling interests		61			59			48			48			55			210

INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		155			(118	)		(395	)		193			72			(248	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net⁽¹⁾		(20	)		(28	)		(18	)		(39	)		19			(66	)
(Gains) losses on sale of businesses		—			—			—			(10	)		7			(3	)
(Gains) losses on early extinguishment of debt, net		—			—			—			(64	)		16			(48	)
Losses from life block transactions		—			—			—			—			9			9
Expenses related to restructuring		1			—			2			5			15			22
Fees associated with bond consent solicitation		—			—			—			—			18			18
Taxes on adjustments		7			9			6			38			(53	)		—

ADJUSTED OPERATING INCOME (LOSS)	$	143		$	(137	)	$	(405	)	$	123		$	103		$	(316	)

ADJUSTED OPERATING INCOME (LOSS):
U.S. Mortgage Insurance segment	$	73		$	61		$	67		$	61		$	61		$	250
Canada Mortgage Insurance segment		36			39			36			38			33			146
Australia Mortgage Insurance segment		13			14			14			15			19			62
U.S. Life Insurance segment:
Long-Term Care Insurance		14			(1	)		(270	)		37			34			(200	)
Life Insurance		16			(193	)		48			31			31			(83	)
Fixed Annuities		23			40			15			(13	)		26			68

Total U.S. Life Insurance segment		53			(154	)		(207	)		55			91			(215	)

Runoff segment		14			6			12			6			4			28
Corporate and Other		(46	)		(103	)		(327	)		(52	)		(105	)		(587	)

ADJUSTED OPERATING INCOME (LOSS)	$	143		$	(137	)	$	(405	)	$	123		$	103		$	(316	)


Earnings (Loss) Per Share Data:
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share
Basic	$	0.31		$	(0.25	)	$	(0.76	)	$	0.35		$	0.11		$	(0.56	)
Diluted	$	0.31		$	(0.25	)	$	(0.76	)	$	0.34		$	0.11		$	(0.56	)
Adjusted operating income (loss) per share
Basic	$	0.29		$	(0.27	)	$	(0.81	)	$	0.25		$	0.21		$	(0.63	)
Diluted	$	0.29		$	(0.27	)	$	(0.81	)	$	0.25		$	0.21		$	(0.63	)
Weighted-average common shares outstanding
Basic		498.6			498.4			498.3			498.5			498.0			498.3
Diluted⁽²⁾		501.0			498.4			498.3			500.4			499.4			498.3

⁽¹⁾	Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests and DAC and other intangible amortization and certain benefit reserves (see page 46 for reconciliation).

⁽²⁾

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Consolidated Balance Sheets

(amounts in millions)


	March 31, 2017		December 31, 2016		September 30, 2016		June 30, 2016		March 31, 2016
ASSETS
Investments:
Fixed maturity securities available-for-sale, at fair value	$	60,597	$	60,572	$	63,780	$	62,828	$	60,290
Equity securities available-for-sale, at fair value		709		632		590		481		431
Commercial mortgage loans		6,107		6,111		6,017		6,121		6,179
Restricted commercial mortgage loans related to securitization entities		122		129		134		141		155
Policy loans		1,761		1,742		1,751		1,754		1,565
Other invested assets		2,272		2,071		2,676		2,510		2,923
Restricted other invested assets related to securitization entities		84		312		312		312		422

Total investments		71,652		71,569		75,260		74,147		71,965
Cash and cash equivalents		3,018		2,784		3,078		3,457		4,043
Accrued investment income		717		659		677		601		720
Deferred acquisition costs		3,207		3,571		3,982		4,046		4,235
Intangible assets and goodwill		381		348		258		267		291
Reinsurance recoverable		17,681		17,755		17,542		17,564		17,587
Other assets		703		673		570		640		577
Separate account assets		7,327		7,299		7,485		7,484		7,624
Assets held for sale⁽¹⁾		—		—		—		—		131

Total assets	$	104,686	$	104,658	$	108,852	$	108,206	$	107,173

⁽¹⁾	Assets held for sale related to the European mortgage insurance business (prior to its sale on May 9, 2016).

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Consolidated Balance Sheets

(amounts in millions)


	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
LIABILITIES AND EQUITY
Liabilities:
Future policy benefits	$	37,291		$	37,063		$	37,405		$	37,154		$	36,776
Policyholder account balances		25,383			25,662			25,867			26,182			26,354
Liability for policy and contract claims		9,295			9,256			8,869			8,289			8,177
Unearned premiums		3,370			3,378			3,464			3,412			3,378
Other liabilities		2,657			2,916			3,280			3,197			3,596
Borrowings related to securitization entities		68			74			78			85			173
Non-recourse funding obligations		310			310			310			310			310
Long-term borrowings		4,194			4,180			4,194			4,191			4,232
Deferred tax liability		75			53			1,151			893			449
Separate account liabilities		7,327			7,299			7,485			7,484			7,624
Liabilities held for sale⁽¹⁾		—			—			—			—			131

Total liabilities		89,970			90,191			92,103			91,197			91,200

Equity:
Common stock		1			1			1			1			1
Additional paid-in capital		11,964			11,962			11,959			11,955			11,952

Accumulated other comprehensive income (loss):
Net unrealized investment gains (losses):
Net unrealized gains (losses) on securities not other-than-temporarily impaired		1,233			1,253			2,836			2,770			2,043
Net unrealized gains (losses) on other-than-temporarily impaired securities		10			9			24			19			14

Net unrealized investment gains (losses)		1,243			1,262			2,860			2,789			2,057

Derivatives qualifying as hedges		2,036			2,085			2,493			2,439			2,302
Foreign currency translation and other adjustments		(183	)		(253	)		(151	)		(140	)		(174	)

Total accumulated other comprehensive income		3,096			3,094			5,202			5,088			4,185
Retained earnings		451			287			409			789			617
Treasury stock, at cost		(2,700	)		(2,700	)		(2,700	)		(2,700	)		(2,700	)

Total Genworth Financial, Inc.’s stockholders’ equity		12,812			12,644			14,871			15,133			14,055
Noncontrolling interests		1,904			1,823			1,878			1,876			1,918

Total equity		14,716			14,467			16,749			17,009			15,973

Total liabilities and equity	$	104,686		$	104,658		$	108,852		$	108,206		$	107,173

⁽¹⁾	Liabilities held for sale related to the European mortgage insurance business (prior to its sale on May 9, 2016).

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Consolidated Balance Sheet by Segment

(amounts in millions)


	March 31, 2017
	U.S. Mortgage Insurance			Canada Mortgage Insurance			Australia Mortgage Insurance		U.S. Life Insurance		Runoff			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	2,644		$	4,781		$	2,671	$	61,793	$	2,868		$	630		$	75,387
Deferred acquisition costs and intangible assets		46			137			98		3,053		246			8			3,588
Reinsurance recoverable		2			—			—		16,845		834			—			17,681
Other assets		43			51			13		374		(13	)		235			703
Separate account assets		—			—			—		—		7,327			—			7,327

Total assets	$	2,735		$	4,969		$	2,782	$	82,065	$	11,262		$	873		$	104,686

LIABILITIES AND EQUITY
Liabilities:
Future policy benefits	$	—		$	—		$	—	$	37,288	$	3		$	—		$	37,291
Policyholder account balances		—			—			—		22,015		3,368			—			25,383
Liability for policy and contract claims		583			109			227		8,353		15			8			9,295
Unearned premiums		349			1,582			873		561		5			—			3,370
Non-recourse funding obligations		—			—			—		310		—			—			310
Deferred tax and other liabilities		(380	)		133			129		2,595		(51	)		306			2,732
Borrowings and capital securities		—			326			150		—		13			3,773			4,262
Separate account liabilities		—			—			—		—		7,327			—			7,327

Total liabilities		552			2,150			1,379		71,122		10,680			4,087			89,970

Equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		2,173			1,780			571		7,763		581			(3,152	)		9,716
Allocated accumulated other comprehensive income (loss)		10			(163	)		130		3,180		1			(62	)		3,096

Total Genworth Financial, Inc.’s stockholders’ equity		2,183			1,617			701		10,943		582			(3,214	)		12,812
Noncontrolling interests		—			1,202			702		—		—			—			1,904

Total equity		2,183			2,819			1,403		10,943		582			(3,214	)		14,716

Total liabilities and equity	$	2,735		$	4,969		$	2,782	$	82,065	$	11,262		$	873		$	104,686

⁽¹⁾	Includes inter-segment eliminations and other businesses that are managed outside the operating segments.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Consolidated Balance Sheet by Segment

(amounts in millions)


	December 31, 2016
	U.S. Mortgage Insurance			Canada Mortgage Insurance			Australia Mortgage Insurance		U.S. Life Insurance		Runoff			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	2,587		$	4,686		$	2,562	$	61,251	$	2,961		$	965		$	75,012
Deferred acquisition costs and intangible assets		44			137			45		3,430		255			8			3,919
Reinsurance recoverable		2			—			—		16,907		846			—			17,755
Other assets		41			61			12		345		(9	)		223			673
Separate account assets		—			—			—		—		7,299			—			7,299

Total assets	$	2,674		$	4,884		$	2,619	$	81,933	$	11,352		$	1,196		$	104,658

LIABILITIES AND EQUITY
Liabilities:
Future policy benefits	$	—		$	—		$	—	$	37,060	$	3		$	—		$	37,063
Policyholder account balances		—			—			—		22,285		3,377			—			25,662
Liability for policy and contract claims		635			112			211		8,276		15			7			9,256
Unearned premiums		342			1,595			850		586		5			—			3,378
Non-recourse funding obligations		—			—			—		310		—			—			310
Deferred tax and other liabilities		(373	)		137			95		2,436		(30	)		704			2,969
Borrowings and capital securities		—			322			142		—		12			3,778			4,254
Separate account liabilities		—			—			—		—		7,299			—			7,299

Total liabilities		604			2,166			1,298		70,953		10,681			4,489			90,191

Equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		2,065			1,751			575		7,712		670			(3,223	)		9,550
Allocated accumulated other comprehensive income (loss)		5			(186	)		76		3,268		1			(70	)		3,094

Total Genworth Financial, Inc.’s stockholders’ equity		2,070			1,565			651		10,980		671			(3,293	)		12,644
Noncontrolling interests		—			1,153			670		—		—			—			1,823

Total equity		2,070			2,718			1,321		10,980		671			(3,293	)		14,467

Total liabilities and equity	$	2,674		$	4,884		$	2,619	$	81,933	$	11,352		$	1,196		$	104,658

⁽¹⁾	Includes inter-segment eliminations and other businesses that are managed outside the operating segments.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Deferred Acquisition Costs Rollforward

(amounts in millions)


	U.S. Mortgage Insurance			Canada Mortgage Insurance			Australia Mortgage Insurance			U.S. Life Insurance⁽¹⁾			Runoff⁽²⁾			Corporate and Other		Total
Unamortized balance as of December 31, 2016	$	28		$	121		$	31		$	3,816		$	245		$	—	$	4,241
Costs deferred		2			9			3			8			—			—		22
Amortization, net of interest accretion		(2	)		(10	)		(3	)		(62	)		(7	)		—		(84	)
Impact of foreign currency translation		—			1			2			—			—			—		3

Unamortized balance as of March 31, 2017		28			121			33			3,762			238			—		4,182
Effect of accumulated net unrealized investment (gains) losses		—			—			—			(971	)		(4	)		—		(975	)

Balance as of March 31, 2017	$	28		$	121		$	33		$	2,791		$	234		$	—	$	3,207

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

⁽²⁾	Amortization, net of interest accretion, included less than $1 million of amortization related to net investment losses for the policyholder account balances.

U.S. Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Income and Sales—U.S. Mortgage Insurance Segment

(amounts in millions)


	2017		2016
	1Q		4Q		3Q		2Q		1Q			Total
REVENUES:
Premiums	$	169	$	171	$	169	$	160	$	160		$	660
Net investment income		17		17		16		15		15			63
Net investment gains (losses)		—		—		—		—		(1	)		(1	)
Policy fees and other income		1		1		1		1		1			4

Total revenues		187		189		186		176		175			726

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		29		48		36		38		38			160
Acquisition and operating expenses, net of deferrals		40		42		45		41		39			167
Amortization of deferred acquisition costs and intangibles		4		4		3		2		3			12

Total benefits and expenses		73		94		84		81		80			339

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		114		95		102		95		95			387
Provision for income taxes		41		34		36		34		34			138

INCOME FROM CONTINUING OPERATIONS		73		61		66		61		61			249
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses		—		—		—		—		1			1
Expenses related to restructuring		—		—		1		—		—			1
Taxes on adjustments		—		—		—		—		(1	)		(1	)

ADJUSTED OPERATING INCOME	$	73	$	61	$	67	$	61	$	61		$	250



SALES:
New Insurance Written (NIW)
Flow	$	7,600	$	11,100	$	12,800	$	11,400	$	7,400		$	42,700
Bulk		—		—		—		—		—			—

Total U.S. Mortgage Insurance NIW	$	7,600	$	11,100	$	12,800	$	11,400	$	7,400		$	42,700

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Flow New Insurance Written Metrics—U.S. Mortgage Insurance Segment

(amounts in millions)


	2017					2016
	1Q					4Q					3Q					2Q					1Q
	Flow NIW		Premium Rate (bps)			Flow NIW		Premium Rate (bps)			Flow NIW		Premium Rate (bps)			Flow NIW		Premium Rate (bps)			Flow NIW		Premium Rate (bps)
Product
Monthly⁽¹⁾	$	6,100		55		$	8,800		53		$	10,000		54		$	8,400		55		$	5,400		59
Single		1,500		173			2,300		162			2,800		167			3,000		161			2,000		164

Total Flow	$	7,600				$	11,100				$	12,800				$	11,400				$	7,400


	Flow NIW		% of Flow NIW			Flow NIW		% of Flow NIW			Flow NIW		% of Flow NIW			Flow NIW		% of Flow NIW			Flow NIW		% of Flow NIW
FICO Scores
Over 735	$	4,700		62	%	$	7,000		63	%	$	8,100		63	%	$	7,100		62	%	$	4,400		60	%
680-735		2,300		30			3,300		30			3,800		30			3,400		30			2,400		32
660-679⁽²⁾		300		4			500		4			500		4			500		4			300		4
620-659		300		4			300		3			400		3			400		4			300		4
<620		—		—			—		—			—		—			—		—			—		—

Total Flow	$	7,600		100	%	$	11,100		100	%	$	12,800		100	%	$	11,400		100	%	$	7,400		100	%

Loan-To-Value Ratio
95.01% and above	$	800		11	%	$	1,000		9	%	$	1,000		8	%	$	700		6	%	$	400		5	%
90.01% to 95.00%		3,500		46			5,000		45			6,100		48			5,900		52			3,700		50
85.01% to 90.00%		2,300		30			3,400		31			4,000		31			3,400		30			2,400		33
85.00% and below		1,000		13			1,700		15			1,700		13			1,400		12			900		12

Total Flow	$	7,600		100	%	$	11,100		100	%	$	12,800		100	%	$	11,400		100	%	$	7,400		100	%

Origination
Purchase	$	6,300		83	%	$	8,400		76	%	$	10,500		82	%	$	9,400		82	%	$	6,000		81	%
Refinance		1,300		17			2,700		24			2,300		18			2,000		18			1,400		19

Total Flow	$	7,600		100	%	$	11,100		100	%	$	12,800		100	%	$	11,400		100	%	$	7,400		100	%

⁽¹⁾	Includes loans with annual and split payment types.

⁽²⁾	Loans with unknown FICO scores are included in the 660-679 category.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Other Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
Net Premiums Written	$	175		$	185		$	193		$	190		$	176		$	744

New Risk Written
Flow	$	1,864		$	2,673		$	3,188		$	2,865		$	1,845		$	10,571
Bulk		—			—			—			—			—			—

Total Primary		1,864			2,673			3,188			2,865			1,845			10,571
Pool		—			—			—			—			—			—

Total New Risk Written	$	1,864		$	2,673		$	3,188		$	2,865		$	1,845		$	10,571


Primary Insurance In-Force⁽¹⁾	$	139,300		$	137,500		$	133,700		$	128,400		$	124,100

Risk In-Force
Flow⁽²⁾	$	33,347		$	32,891		$	32,067		$	30,760		$	29,620
Bulk⁽³⁾		266			278			290			314			318

Total Primary		33,613			33,169			32,357			31,074			29,938
Pool		96			100			104			111			116

Total Risk In-Force	$	33,709		$	33,269		$	32,461		$	31,185		$	30,054


Primary Risk In-Force That Is GSE Conforming		95	%		95	%		96	%		96	%		96	%

Expense Ratio (Net Earned Premiums)⁽⁴⁾		26	%		27	%		28	%		27	%		26	%		27	%

Expense Ratio (Net Premiums Written)⁽⁵⁾		25	%		25	%		24	%		23	%		24	%		24	%

Flow Persistency		83	%		78	%		77	%		77	%		82	%

Risk To Capital Ratio⁽⁶⁾		13.6:1			14.4:1			15.0:1			15.0:1			15.3:1

PMIERs Sufficiency Ratio⁽⁷⁾		118	%		115	%		117	%		115	%		113	%

Average Primary Loan Size (in thousands)	$	198		$	196		$	195		$	192		$	189

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⁾

Primary insurance in-force represents aggregate loan balances for outstanding insurance policies and is used to determine premiums. Original loan balances are presented for policies with level renewal premiums. Amortized loan balances are presented for policies with annual, amortizing renewal premiums.

⁽²⁾	Flow risk in-force represents current loan balances as provided by servicers, lenders and investors and conform to the presentation under the Private Mortgage Insurer Eligibility Requirements (PMIERs).

⁽³⁾	As of March 31, 2017, 90% of the bulk risk in-force was related to loans financed by lenders who participated in the mortgage programs sponsored by the Federal Home Loan Banks.

⁽⁴⁾	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.

⁽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⁾

Certain states limit a private mortgage insurer’s risk in-force to 25 times the total of the insurer’s policyholders’ surplus plus the statutory contingency reserve, commonly known as the “risk to capital” requirement. The current period risk to capital ratio is an estimate due to the timing of the filing of statutory statements and is prepared consistent with the presentation of the statutory financial statements in the combined annual statement of the U.S. mortgage insurance business.

⁽⁷⁾

The PMIERs sufficiency ratio is calculated as available assets divided by required assets as defined within PMIERs. The current period PMIERs sufficiency ratio is an estimate due to the timing of the PMIERs filing for the U.S. mortgage insurance business. As of March 31, 2017, December 31, 2016, September 30, 2016, June 30, 2016 and March 31, 2016, the PMIERs sufficiency ratios were in excess of $400 million, $350 million, $400 million, $350 million and $300 million, respectively, of available assets above the PMIERs requirements.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Loss Metrics—U.S. Mortgage Insurance Segment

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
Paid Claims
Flow
Direct	$	76		$	65		$	80		$	94		$	112		$	351
Assumed⁽¹⁾		2			1			1			1			2			5
Ceded		(1	)		—			—			(1	)		(3	)		(4	)
Loss adjustment expenses		2			3			2			3			3			11

Total Flow		79			69			83			97			114			363
Bulk		1			1			1			1			2			5

Total Primary		80			70			84			98			116			368
Pool		—			1			—			1			—			2

Total Paid Claims	$	80		$	71		$	84		$	99		$	116		$	370


Average Paid Claim (in thousands)	$	51.2		$	50.0		$	53.6		$	50.8		$	51.9

Average Reserve Per Delinquency (in thousands)
Flow	$	25.8		$	25.1		$	25.9		$	27.8		$	28.3
Bulk loans with established reserve		19.1			18.5			18.8			21.1			21.2

Reserves:
Flow direct case	$	530		$	579		$	599		$	640		$	698
Bulk direct case		12			13			14			14			15
Assumed⁽¹⁾		4			5			6			6			7
All other⁽²⁾		37			38			39			47			48

Total Reserves	$	583		$	635		$	658		$	707		$	768


Beginning Reserves	$	635		$	658		$	707		$	768		$	849		$	849
Paid claims		(81	)		(71	)		(84	)		(99	)		(119	)		(373	)
Increase in reserves		29			48			35			38			38			159

Ending Reserves	$	583		$	635		$	658		$	707		$	768		$	635


Beginning Reinsurance Recoverable⁽³⁾	$	2		$	2		$	2		$	2		$	5		$	5
Ceded paid claims		(1	)		—			—			—			(3	)		(3	)

Ending Reinsurance Recoverable	$	1		$	2		$	2		$	2		$	2		$	2

Loss Ratio⁽⁴⁾		17	%		28	%		21	%		24	%		24	%		24	%

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

⁽³⁾	Reinsurance recoverable excludes ceded unearned premium recoveries and amounts for which cash proceeds have not yet been received.

⁽⁴⁾	The ratio of incurred losses and loss adjustment expenses to net earned premiums.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Delinquency Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
Number of Primary Delinquencies
Flow		22,036			24,631			24,720			24,753			26,491
Bulk loans with an established reserve		695			756			778			732			776
Bulk loans with no reserve⁽¹⁾		288			322			305			313			335

Total Number of Primary Delinquencies		23,019			25,709			25,803			25,798			27,602


Beginning Number of Primary Delinquencies		25,709			25,803			25,798			27,602			31,663			31,663
New delinquencies		8,456			9,504			9,609			8,265			8,761			36,139
Delinquency cures		(9,583	)		(8,201	)		(8,043	)		(8,137	)		(10,602	)		(34,983	)
Paid claims		(1,563	)		(1,397	)		(1,561	)		(1,932	)		(2,220	)		(7,110	)

Ending Number of Primary Delinquencies		23,019			25,709			25,803			25,798			27,602			25,709


Composition of Cures
Reported delinquent and cured-intraquarter		2,350			1,742			1,798			1,597			2,503
Number of missed payments delinquent prior to cure:
3 payments or less		5,375			4,660			4,276			4,335			5,775
4 - 11 payments		1,432			1,301			1,413			1,577			1,443
12 payments or more		426			498			556			628			881

Total		9,583			8,201			8,043			8,137			10,602


Primary Delinquencies by Missed Payment Status
3 payments or less		8,114			9,703			9,405			8,529			8,395
4 - 11 payments		6,341			6,548			6,212			6,323			7,254
12 payments or more		8,564			9,458			10,186			10,946			11,953

Primary Delinquencies		23,019			25,709			25,803			25,798			27,602




	March 31, 2017
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		7,809		$	43		$	330			13	%
4 - 11 payments in default		6,164			144			263			55	%
12 payments or more in default		8,063			343			394			87	%

Total		22,036		$	530		$	987			54	%


	December 31, 2016
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		9,355		$	49		$	382			13	%
4 - 11 payments in default		6,364			147			268			55	%
12 payments or more in default		8,912			383			434			88	%

Total		24,631		$	579		$	1,084			53	%

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

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment


	2017			2016
	1Q			4Q			3Q			2Q			1Q
Primary Loans
Primary loans in-force		703,214			699,841			686,789			668,951			655,300
Primary delinquent loans		23,019			25,709			25,803			25,798			27,602
Primary delinquency rate		3.27	%		3.67	%		3.76	%		3.86	%		4.21	%

Flow loans in-force		683,532			678,168			665,821			647,100			632,010
Flow delinquent loans		22,036			24,631			24,720			24,753			26,491
Flow delinquency rate		3.22	%		3.63	%		3.71	%		3.83	%		4.19	%

Bulk loans in-force		19,682			21,673			20,968			21,851			23,290
Bulk delinquent loans		983			1,078			1,083			1,045			1,111
Bulk delinquency rate		4.99	%		4.97	%		5.17	%		4.78	%		4.77	%

A minus and sub-prime loans in-force		22,056			23,063			24,281			25,552			26,995
A minus and sub-prime delinquent loans		4,572			5,252			5,306			5,220			5,546
A minus and sub-prime delinquency rate		20.73	%		22.77	%		21.85	%		20.43	%		20.54	%

Pool Loans
Pool loans in-force		5,586			5,742			5,896			6,196			6,406
Pool delinquent loans		276			325			343			356			369
Pool delinquency rate		4.94	%		5.66	%		5.82	%		5.75	%		5.76	%

Primary Risk In-Force by Credit Quality
Over 735		55	%		55	%		55	%		54	%		53	%
680-735		31	%		31	%		31	%		32	%		32	%
660-679⁽¹⁾		6	%		6	%		6	%		6	%		6	%
620-659		6	%		6	%		6	%		6	%		7	%
<620		2	%		2	%		2	%		2	%		2	%

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(amounts in millions)


	March 31, 2017
Policy Year	Average Rate⁽¹⁾			% of Total Reserves⁽²⁾			Primary Insurance In-Force		% of Total			Primary Risk In-Force		% of Total			Delinquency Rate
2004 and prior		6.02	%		10.9	%	$	2,764		2.0	%	$	543		1.6	%		12.86	%
2005		5.62	%		10.5			2,532		1.8			611		1.8			12.29	%
2006		5.76	%		16.6			4,502		3.2			1,058		3.1			12.05	%
2007		5.68	%		34.7			11,691		8.4			2,710		8.1			11.12	%
2008		5.23	%		16.0			9,716		7.0			2,270		6.8			6.28	%
2009		4.95	%		0.8			1,066		0.8			229		0.7			2.53	%
2010		4.68	%		0.7			1,432		1.0			328		1.0			1.82	%
2011		4.53	%		0.7			2,009		1.4			478		1.4			1.69	%
2012		3.84	%		0.8			5,368		3.9			1,322		3.9			0.83	%
2013		4.04	%		1.6			9,672		6.9			2,379		7.1			0.87	%
2014		4.42	%		2.8			14,287		10.3			3,499		10.4			1.10	%
2015		4.11	%		2.8			25,896		18.6			6,358		18.9			0.65	%
2016		3.86	%		1.1			40,799		29.3			9,974		29.7			0.22	%
2017		4.22	%		—			7,570		5.4			1,854		5.5			0.02	%

Total		4.50	%		100.0	%	$	139,304		100.0	%	$	33,613		100.0	%		3.27	%


	March 31, 2017						December 31, 2016					March 31, 2016
	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)	$	33,613			3.27	%	$	33,169		3.67	%	$	29,938		4.21	%
Top 10 lenders		10,356			4.21	%		10,478		4.64	%		10,671		5.60	%
Top 20 lenders		13,689			3.70	%		13,737		4.52	%		13,450		5.01	%

Loan-to-value ratio
95.01% and above	$	5,653			6.21	%	$	5,677		6.97	%	$	5,771		7.14	%
90.01% to 95.00%		17,122			2.24	%		16,738		2.51	%		14,314		2.90	%
80.01% to 90.00%		10,590			2.89	%		10,495		3.24	%		9,556		3.99	%
80.00% and below		248			3.20	%		259		3.27	%		297		3.17	%

Total	$	33,613			3.27	%	$	33,169		3.67	%	$	29,938		4.21	%

Loan grade
Prime	$	32,837			2.71	%	$	32,357		3.02	%	$	28,987		3.51	%
A minus and sub-prime		776			20.73	%		812		22.77	%		951		20.54	%

Total	$	33,613			3.27	%	$	33,169		3.67	%	$	29,938		4.21	%

⁽¹⁾	Average Annual Mortgage Interest Rate.

⁽²⁾	Total reserves were $583 million as of March 31, 2017.

Canada Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Income and Sales—Canada Mortgage Insurance Segment

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	126		$	124		$	124		$	122		$	111		$	481
Net investment income		32			32			33			32			29			126
Net investment gains (losses)		11			25			—			(8	)		20			37
Policy fees and other income		—			1			(1	)		1			—			1

Total revenues		169			182			156			147			160			645

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		20			23			30			25			26			104
Acquisition and operating expenses, net of deferrals		21			19			21			19			18			77
Amortization of deferred acquisition costs and intangibles		10			10			10			10			9			39
Interest expense		4			5			5			4			4			18

Total benefits and expenses		55			57			66			58			57			238

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		114			125			90			89			103			407
Provision for income taxes		36			37			24			23			29			113

INCOME FROM CONTINUING OPERATIONS		78			88			66			66			74			294
Less: income from continuing operations attributable to noncontrolling interests		38			41			30			30			34			135

INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		40			47			36			36			40			159

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net⁽¹⁾		(6	)		(14	)		—			4			(11	)		(21	)
Taxes on adjustments		2			6			—			(2	)		4			8

ADJUSTED OPERATING INCOME⁽²⁾	$	36		$	39		$	36		$	38		$	33		$	146



SALES:
New Insurance Written (NIW)
Flow	$	2,300		$	3,900		$	5,300		$	4,400		$	2,500		$	16,100
Bulk		8,000			3,700			5,100			19,700			3,200			31,700

Total Canada NIW⁽³⁾	$	10,300		$	7,600		$	10,400		$	24,100		$	5,700		$	47,800


⁽¹⁾ Net investment (gains) losses were adjusted for the portion of net investment gains (losses) attributable to noncontrolling interests as reconciled below:
Net investment (gains) losses, gross	$	(11	)	$	(25	)	$	—		$	8		$	(20	)	$	(37	)
Adjustment for net investment gains (losses) attributable to noncontrolling interests		5			11			—			(4	)		9			16

Net investment (gains) losses, net	$	(6	)	$	(14	)	$	—		$	4		$	(11	)	$	(21	)

⁽²⁾	Adjusted operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $34 million for the three months ended March 31, 2017.

⁽³⁾	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $9,800 million for the three months ended March 31, 2017.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Selected Key Performance Measures—Canada Mortgage Insurance Segment

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
Net Premiums Written	$	96		$	129		$	172		$	191		$	84		$	576
Loss Ratio⁽¹⁾		16	%		18	%		24	%		20	%		24	%		22	%
Expense Ratio (Net Earned Premiums)⁽²⁾		25	%		24	%		24	%		24	%		24	%		24	%
Expense Ratio (Net Premiums Written)⁽³⁾		32	%		23	%		18	%		15	%		32	%		20	%

Primary Insurance In-Force⁽⁴⁾	$	358,900		$	345,600		$	347,300		$	341,600		$	317,400
Primary Risk In-Force⁽⁵⁾
Flow	$	83,200		$	81,600		$	82,300		$	81,400		$	79,900
Bulk		42,400			39,400			39,200			38,100			31,200

Total	$	125,600		$	121,000		$	121,500		$	119,500		$	111,100



		March 31, 2017									December 31, 2016
Risk In-Force by Loan-To-Value Ratio⁽⁶⁾		Primary			Flow			Bulk			Primary			Flow			Bulk
95.01% and above	$	40,518		$	40,518		$	—		$	39,726		$	39,726		$	—
90.01% to 95.00%		24,859			24,859			—			24,366			24,366			—
80.01% to 90.00%		14,806			14,803			3			14,569			14,566			3
80.00% and below		45,426			2,993			42,433			42,289			2,939			39,350

Total	$	125,609		$	83,173		$	42,436		$	120,950		$	81,597		$	39,353

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

Amounts may not total due to rounding.

⁽¹⁾	The ratio of incurred losses and loss adjustment expenses to net earned premiums.

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

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

⁽⁴⁾

As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company is receiving updated outstanding balances in Canada from almost all of its customers. As a result, the company estimates that the outstanding balance of insured mortgages was approximately $170.0 billion, $166.0 billion, $170.0 billion, $170.0 billion and $152.0 billion as of March 31, 2017, December 31, 2016, September 30, 2016, June 30, 2016 and March 31, 2016, respectively. This is based on the extrapolation of the amounts reported by lenders to the entire insured population.

⁽⁵⁾

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

⁽⁶⁾	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Selected Key Performance Measures—Canada Mortgage Insurance Segment

(dollar amounts in millions)


Primary Insurance	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Insured loans in-force^(1),(2)		2,074,984			2,029,400			2,006,484			1,968,171			1,860,978
Insured delinquent loans		2,082			2,070			2,027			1,961			2,034
Insured delinquency rate^(2),(3)		0.10	%		0.10	%		0.10	%		0.10	%		0.11	%

Flow loans in-force⁽¹⁾		1,402,813			1,394,067			1,379,020			1,358,927			1,341,636
Flow delinquent loans		1,697			1,693			1,715			1,669			1,711
Flow delinquency rate⁽³⁾		0.12	%		0.12	%		0.12	%		0.12	%		0.13	%

Bulk loans in-force⁽¹⁾		672,171			635,333			627,464			609,244			519,342
Bulk delinquent loans		385			377			312			292			323
Bulk delinquency rate⁽³⁾		0.06	%		0.06	%		0.05	%		0.05	%		0.06	%

Loss Metrics	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Beginning Reserves	$	112		$	112		$	104		$	102		$	87
Paid claims⁽⁴⁾		(24	)		(20	)		(20	)		(21	)		(18	)
Increase in reserves		20			23			29			23			26
Impact of changes in foreign exchange rates		1			(3	)		(1	)		—			7

Ending Reserves	$	109		$	112		$	112		$	104		$	102


	March 31, 2017						December 31, 2016						March 31, 2016
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		48	%		0.04	%		47	%		0.04	%		47	%		0.05	%
Alberta		16			0.21	%		16			0.22	%		17			0.16	%
British Columbia		15			0.06	%		15			0.06	%		14			0.08	%
Quebec		13			0.15	%		13			0.15	%		13			0.20	%
Saskatchewan		3			0.27	%		3			0.28	%		3			0.21	%
Nova Scotia		2			0.21	%		2			0.18	%		2			0.20	%
Manitoba		2			0.09	%		2			0.07	%		2			0.10	%
New Brunswick		1			0.18	%		1			0.19	%		1			0.21	%
All Other		—			0.19	%		1			0.17	%		1			0.14	%

Total		100	%		0.10	%		100	%		0.10	%		100	%		0.11	%


By Policy Year
2008 and prior		35	%		0.05	%		35	%		0.06	%		41	%		0.06	%
2009		3			0.14	%		4			0.14	%		4			0.18	%
2010		5			0.17	%		6			0.19	%		6			0.22	%
2011		5			0.23	%		5			0.25	%		6			0.29	%
2012		7			0.23	%		7			0.23	%		8			0.24	%
2013		7			0.20	%		7			0.20	%		9			0.19	%
2014		8			0.16	%		9			0.18	%		10			0.12	%
2015		12			0.10	%		12			0.07	%		14			0.02	%
2016		14			0.04	%		15			0.02	%		2			—	%
2017		4			—	%		—			—	%		—			—	%

Total		100	%		0.10	%		100	%		0.10	%		100	%		0.11	%

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

⁽²⁾

As part of an ongoing effort to improve the estimate of outstanding insurance exposure, the company is receiving updated outstanding loans in-force in Canada from almost all of its customers. As a result, the company estimates that the outstanding loans in-force were 978,000 as of March 31, 2017, 969,000 as of December 31, 2016, 973,000 as of September 30, 2016, 968,000 as of June 30, 2016 and 883,000 as of March 31, 2016. This is based on the extrapolation of the amounts reported by lenders to the entire insured population. The corresponding insured delinquency rate was 0.21% as of March 31, 2017, December 31, 2016 and September 30, 2016, 0.20% as of June 30, 2016 and 0.23% as of March 31, 2016.

⁽³⁾	Delinquency rates are based on insured loans in-force.

⁽⁴⁾	Paid claims exclude adjustments for expected recoveries related to loss reserves and prior paid claims.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Selected Key Performance Measures—Canada Mortgage Insurance Segment

(Canadian dollar amounts in millions)


	2017			2016
		1Q			4Q			3Q			2Q			1Q			Total
Paid Claims⁽¹⁾
Flow	$	28		$	25		$	26		$	25		$	24		$	100
Bulk		3			1			1			2			1			5

Total Paid Claims	$	31		$	26		$	27		$	27		$	25		$	105


Average Paid Claim (in thousands)	$	65.3		$	66.3		$	62.0		$	62.5		$	67.8

Average Reserve Per Delinquency (in thousands)	$	69.7		$	72.9		$	72.8		$	69.1		$	65.0

Loss Metrics
Beginning Reserves	$	151		$	148		$	136		$	132		$	120
Paid claims⁽¹⁾		(31	)		(26	)		(27	)		(27	)		(25	)
Increase in reserves		25			29			39			31			37

Ending Reserves	$	145		$	151		$	148		$	136		$	132

Loan Amount⁽²⁾

Over $550K		8	%		8	%		8	%		8	%		7	%
$400K to $550K		14			14			14			14			13
$250K to $400K		34			34			33			34			34
$100K to $250K		40			40			41			40			42
$100K or Less		4			4			4			4			4

Total		100	%		100	%		100	%		100	%		100	%


Average Primary Loan Size (in thousands)	$	230		$	229		$	227		$	225		$	222

All amounts presented in Canadian dollars.

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

⁽²⁾	The percentages in this table are based on the amount of primary insurance in-force in each loan band as a percentage of total insurance in-force.

Australia Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Income and Sales—Australia Mortgage Insurance Segment

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q		Total
REVENUES:
Premiums	$	81		$	82		$	88		$	86		$	81	$	337
Net investment income		21			22			23			25			24		94
Net investment gains (losses)		20			3			4			2			—		9

Total revenues		122			107			115			113			105		440

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		28			24			37			31			21		113
Acquisition and operating expenses, net of deferrals		23			29			23			25			19		96
Amortization of deferred acquisition costs and intangibles		4			3			4			4			3		14
Interest expense		2			2			2			3			3		10

Total benefits and expenses		57			58			66			63			46		233

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		65			49			49			50			59		207
Provision for income taxes		22			16			16			16			19		67

INCOME FROM CONTINUING OPERATIONS		43			33			33			34			40		140
Less: income from continuing operations attributable to noncontrolling interests		23			18			18			18			21		75

INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		20			15			15			16			19		65

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net⁽¹⁾		(11	)		(2	)		(2	)		(1	)		—		(5	)
Taxes on adjustments		4			1			1			—			—		2

ADJUSTED OPERATING INCOME⁽²⁾	$	13		$	14		$	14		$	15		$	19	$	62



SALES:
New Insurance Written (NIW)
Flow	$	4,100		$	5,000		$	4,600		$	5,000		$	4,400	$	19,000
Bulk		1,000			—			—			800			—		800

Total Australia NIW⁽³⁾	$	5,100		$	5,000		$	4,600		$	5,800		$	4,400	$	19,800


⁽¹⁾ Net investment (gains) losses were adjusted for the portion of net investment gains (losses) attributable to noncontrolling interests as reconciled below:
Net investment (gains) losses, gross	$	(20	)	$	(3	)	$	(4	)	$	(2	)	$	—	$	(9	)
Adjustment for net investment gains (losses) attributable to noncontrolling interests		9			1			2			1			—		4

Net investment (gains) losses, net	$	(11	)	$	(2	)	$	(2	)	$	(1	)	$	—	$	(5	)

⁽²⁾	Adjusted operating income for the Australian platform adjusted for foreign exchange as compared to the prior year period was $13 million for the three months ended March 31, 2017.

⁽³⁾	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $4,800 million for the three months ended March 31, 2017.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Selected Key Performance Measures—Australia Mortgage Insurance Segment

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
Net Premiums Written	$	54		$	62		$	57		$	65		$	47		$	231
Loss Ratio⁽¹⁾		35	%		30	%		42	%		36	%		26	%		34	%
Expense Ratio (Net Earned Premiums)⁽²⁾		33	%		39	%		31	%		33	%		27	%		33	%
Expense Ratio (Net Premiums Written)⁽³⁾		49	%		51	%		48	%		44	%		47	%		47	%

Primary Insurance In-Force	$	246,400		$	234,000		$	247,900		$	241,100		$	246,800
Primary Risk In-Force⁽⁴⁾
Flow	$	79,700		$	76,000		$	80,400		$	78,300		$	80,300
Bulk		6,000			5,400			5,900			5,700			5,700

Total	$	85,700		$	81,400		$	86,300		$	84,000		$	86,000



	March 31, 2017									December 31, 2016
Risk In-Force by Loan-To-Value Ratio⁽⁵⁾	Primary			Flow			Bulk			Primary			Flow			Bulk
95.01% and above	$	14,329		$	14,329		$	—		$	13,775		$	13,775		$	—
90.01% to 95.00%		22,950			22,944			6			21,593			21,587			6
80.01% to 90.00%		23,215			23,149			66			21,971			21,910			61
80.00% and below		25,219			19,300			5,919			24,094			18,745			5,349

Total	$	85,713		$	79,722		$	5,991		$	81,433		$	76,017		$	5,416

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

Amounts may not total due to rounding.

⁽¹⁾	The ratio of incurred losses and loss adjustment expenses to net earned premiums.

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

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

⁽⁴⁾

The business currently provides 100% coverage on the majority of the loans the company insures. For the purpose of representing the risk in-force, Australia has computed an “effective risk in-force” amount which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor that represents the highest expected average per-claim payment for any one underwriting year over the life of the business. This factor was 35% for all periods presented. Australia also has certain risk share arrangements where it provides pro-rata coverage of certain loans rather than 100% coverage. As a result, for loans with these risk share arrangements, the applicable pro-rata coverage amount provided is used when applying the factor.

⁽⁵⁾	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Selected Key Performance Measures—Australia Mortgage Insurance Segment

(dollar amounts in millions)


Primary Insurance	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Insured loans in-force		1,443,836			1,464,139			1,470,302			1,477,826			1,479,544
Insured delinquent loans		6,926			6,731			6,844			6,413			5,889
Insured delinquency rate		0.48	%		0.46	%		0.47	%		0.43	%		0.40	%

Flow loans in-force		1,332,468			1,354,616			1,358,286			1,364,756			1,366,914
Flow delinquent loans		6,650			6,451			6,574			6,143			5,633
Flow delinquency rate		0.50	%		0.48	%		0.48	%		0.45	%		0.41	%

Bulk loans in-force		111,368			109,523			112,016			113,070			112,630
Bulk delinquent loans		276			280			270			270			256
Bulk delinquency rate		0.25	%		0.26	%		0.24	%		0.24	%		0.23	%

Loss Metrics	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
Beginning Reserves	$	211		$	215		$	190		$	181		$	165
Paid claims⁽¹⁾		(25	)		(16	)		(18	)		(17	)		(13	)
Increase in reserves		28			25			37			31			20
Impact of changes in foreign exchange rates		13			(13	)		6			(5	)		9

Ending Reserves	$	227		$	211		$	215		$	190		$	181


	March 31, 2017						December 31, 2016						March 31, 2016
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		28	%		0.31	%		28	%		0.30	%		29	%		0.29%
Queensland		23			0.68	%		23			0.66	%		23			0.55%
Victoria		23			0.38	%		23			0.38	%		23			0.35%
Western Australia		12			0.78	%		12			0.74	%		11			0.53%
South Australia		6			0.66	%		6			0.61	%		6			0.52%
Australian Capital Territory		3			0.19	%		3			0.17	%		3			0.18%
Tasmania		2			0.36	%		2			0.35	%		2			0.38%
New Zealand		2			0.07	%		2			0.07	%		2			0.13%
Northern Territory		1			0.42	%		1			0.36	%		1			0.21%

Total		100	%		0.48	%		100	%		0.46	%		100	%		0.40%


By Policy Year
2008 and prior		39	%		0.39	%		40	%		0.38	%		42	%		0.37%
2009		7			0.95	%		7			0.87	%		7			0.73%
2010		5			0.60	%		5			0.56	%		6			0.51%
2011		5			0.69	%		5			0.68	%		6			0.52%
2012		7			0.79	%		8			0.80	%		8			0.54%
2013		8			0.66	%		8			0.61	%		9			0.47%
2014		10			0.58	%		10			0.51	%		11			0.26%
2015		9			0.28	%		9			0.23	%		9			0.06%
2016		8			0.05	%		8			0.03	%		2			— %
2017		2			—	%		—			—	%		—			— %

Total		100	%		0.48	%		100	%		0.46	%		100	%		0.40%

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Selected Key Performance Measures—Australia Mortgage Insurance Segment

(Australian dollar amounts in millions)


	2017			2016
		1Q			4Q			3Q			2Q			1Q			Total
Paid Claims⁽¹⁾
Flow	$	33		$	21		$	24		$	23		$	18		$	86
Bulk		—			—			—			—			—			—

Total Paid Claims	$	33		$	21		$	24		$	23		$	18		$	86


Average Paid Claim (in thousands)	$	92.5		$	67.1		$	73.3		$	79.2		$	65.8

Average Reserve Per Delinquency (in thousands)	$	42.8		$	43.5		$	41.0		$	39.9		$	40.1

Loss Metrics
Beginning Reserves	$	293		$	281		$	256		$	236		$	226
Paid claims⁽¹⁾		(33	)		(21	)		(24	)		(23	)		(18	)
Increase in reserves		37			33			49			43			28

Ending Reserves	$	297		$	293		$	281		$	256		$	236

Loan Amount⁽²⁾

Over $550K		16	%		16	%		15	%		15	%		15	%
$400K to $550K		20			20			20			20			20
$250K to $400K		35			35			36			36			36
$100K to $250K		24			24			24			24			24
$100K or Less		5			5			5			5			5

Total		100	%		100	%		100	%		100	%		100	%


Average Primary Loan Size (in thousands)	$	223		$	221		$	220		$	219		$	218

All amounts presented in Australian dollars.

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

⁽²⁾	The percentages in this table are based on the amount of primary insurance in-force in each loan band as a percentage of total insurance in-force.

U.S. Life Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Income (Loss)—U.S. Life Insurance Segment

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	758		$	753		$	725		$	756		$	436		$	2,670
Net investment income		681			677			695			670			684			2,726
Net investment gains (losses)		7			9			21			114			(16	)		128
Policy fees and other income		170			194			175			180			177			726

Total revenues		1,616			1,633			1,616			1,720			1,281			6,250

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,164			1,419			1,556			1,089			758			4,822
Interest credited		132			138			140			143			144			565
Acquisition and operating expenses, net of deferrals		157			135			149			199			165			648
Amortization of deferred acquisition costs and intangibles		70			172			69			84			78			403
Interest expense		3			3			2			5			28			38

Total benefits and expenses		1,526			1,867			1,916			1,520			1,173			6,476

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		90			(234	)		(300	)		200			108			(226	)
Provision (benefit) for income taxes		32			(83	)		(106	)		70			39			(80	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		58			(151	)		(194	)		130			69			(146	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net⁽¹⁾		(8	)		(4	)		(21	)		(119	)		11			(133	)
Gains on sale of businesses		—			—			—			(1	)		—			(1	)
Losses from life block transactions		—			—			—			—			9			9
Expenses related to restructuring		—			—			1			3			15			19
Taxes on adjustments		3			1			7			42			(13	)		37

ADJUSTED OPERATING INCOME (LOSS)	$	53		$	(154	)	$	(207	)	$	55		$	91		$	(215	)


⁽¹⁾ Net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves as reconciled below:
Net investment (gains) losses, gross	$	(7	)	$	(9	)	$	(21	)	$	(114	)	$	16		$	(128	)
Adjustment for DAC and other intangible amortization and certain benefit reserves		(1	)		5			—			(5	)		(5	)		(5	)

Net investment (gains) losses, net	$	(8	)	$	(4	)	$	(21	)	$	(119	)	$	11		$	(133	)

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Long-Term Care Insurance

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	634		$	650		$	610		$	636		$	618		$	2,514
Net investment income		356			356			353			344			329			1,382
Net investment gains (losses)		3			(21	)		17			139			4			139
Policy fees and other income		1			1			—			—			1			2

Total revenues		994			986			980			1,119			952			4,037

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		835			889			1,262			806			776			3,733
Interest credited		—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		112			94			95			93			95			377
Amortization of deferred acquisition costs and intangibles		23			26			25			26			26			103
Interest expense		—			—			—			—			—			—

Total benefits and expenses		970			1,009			1,382			925			897			4,213

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		24			(23	)		(402	)		194			55			(176	)
Provision (benefit) for income taxes		8			(8	)		(142	)		68			20			(62	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		16			(15	)		(260	)		126			35			(114	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses		(3	)		21			(17	)		(139	)		(4	)		(139	)
Expenses related to restructuring		—			—			1			2			3			6
Taxes on adjustments		1			(7	)		6			48			—			47

ADJUSTED OPERATING INCOME (LOSS)	$	14		$	(1	)	$	(270	)	$	37		$	34		$	(200	)



SALES:
Individual Long-Term Care Insurance	$	2		$	1		$	2		$	4		$	5		$	12
Group Long-Term Care Insurance		1			1			3			2			2			8

Total Sales	$	3		$	2		$	5		$	6		$	7		$	20


RATIOS:
Loss Ratio⁽¹⁾		72.0	%		78.6	%		145.5	%		70.1	%		67.6	%		90.0	%
Gross Benefits Ratio⁽²⁾		131.6	%		136.9	%		207.0	%		126.7	%		125.5	%		148.5	%

⁽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 benefits and other changes in policy reserves by net earned premiums.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Life Insurance

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums⁽¹⁾	$	124		$	103		$	115		$	120		$	(185	)	$	153
Net investment income		125			116			128			117			133			494
Net investment gains (losses)		3			19			4			(1	)		2			24
Policy fees and other income		165			190			171			176			173			710

Total revenues		417			428			418			412			123			1,381

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves⁽¹⁾		261			470			216			231			(87	)		830
Interest credited		63			66			64			65			64			259
Acquisition and operating expenses, net of deferrals		33			36			31			39			51			157
Amortization of deferred acquisition costs and intangibles		29			133			27			27			33			220
Interest expense		3			3			2			5			28			38

Total benefits and expenses		389			708			340			367			89			1,504

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		28			(280	)		78			45			34			(123	)
Provision (benefit) for income taxes		10			(100	)		28			16			12			(44	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		18			(180	)		50			29			22			(79	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses		(3	)		(19	)		(4	)		1			(2	)		(24	)
Gains on sale of businesses		—			—			—			(1	)		—			(1	)
Losses from life block transactions		—			—			—			—			9			9
Expenses related to restructuring		—			—			—			2			8			10
Taxes on adjustments		1			6			2			—			(6	)		2

ADJUSTED OPERATING INCOME (LOSS)	$	16		$	(193	)	$	48		$	31		$	31		$	(83	)


SALES:
Term Life	$	—		$	—		$	—		$	2		$	5		$	7
Universal Life		1			—			1			1			2			4
Linked-Benefits		—			—			—			1			2			3

Total Sales	$	1		$	—		$	1		$	4		$	9		$	14

⁽¹⁾

In January 2016, as part of a life block transaction, the company entered into a new reinsurance agreement to cede certain of its term life insurance policies. This new reinsurance agreement primarily reduced premiums by $326 million and reduced benefits and other changes in policy reserves by $331 million for the amounts initially ceded.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Income (Loss) and Sales—U.S. Life Insurance Segment—Fixed Annuities

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	3		$	3
Net investment income		200			205			214			209			222			850
Net investment gains (losses)		1			11			—			(24	)		(22	)		(35	)
Policy fees and other income		4			3			4			4			3			14

Total revenues		205			219			218			189			206			832

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves⁽¹⁾		68			60			78			52			69			259
Interest credited		69			72			76			78			80			306
Acquisition and operating expenses, net of deferrals⁽²⁾		12			5			23			67			19			114
Amortization of deferred acquisition costs and intangibles		18			13			17			31			19			80
Interest expense		—			—			—			—			—			—

Total benefits and expenses		167			150			194			228			187			759

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		38			69			24			(39	)		19			73
Provision (benefit) for income taxes		14			25			8			(14	)		7			26

INCOME (LOSS) FROM CONTINUING OPERATIONS		24			44			16			(25	)		12			47

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net⁽³⁾		(2	)		(6	)		—			19			17			30
Expenses related to restructuring		—			—			—			(1	)		4			3
Taxes on adjustments		1			2			(1	)		(6	)		(7	)		(12	)

ADJUSTED OPERATING INCOME (LOSS)	$	23		$	40		$	15		$	(13	)	$	26		$	68


SALES:
Single Premium Deferred Annuities	$	—		$	—		$	1		$	8		$	159		$	168
Single Premium Immediate Annuities		1			—			—			1			9			10

Total Sales	$	1		$	—		$	1		$	9		$	168		$	178


⁽¹⁾ In the second quarter of 2016, benefits and other changes in policy reserves included $45 million of lower assumed reinsurance in connection with the recapture by a third party. ⁽²⁾ In the second quarter of 2016, acquisition and operating expenses, net of deferrals, included a $55 million payment in connection with the recapture by a third party. ⁽³⁾ Net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves as reconciled below:

Net investment (gains) losses, gross	$	(1	)	$	(11	)	$	—		$	24		$	22		$	35
Adjustment for DAC and other intangible amortization and certain benefit reserves		(1	)		5			—			(5	)		(5	)		(5	)

Net investment (gains) losses, net	$	(2	)	$	(6	)	$	—		$	19		$	17		$	30

Runoff Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Income—Runoff Segment

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		38			39			37			36			35			147
Net investment gains (losses)		8			3			4			(13	)		(8	)		(14	)
Policy fees and other income		41			42			43			42			42			169

Total revenues		87			84			84			65			69			302

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		4			16			2			9			15			42
Interest credited		35			35			33			30			33			131
Acquisition and operating expenses, net of deferrals		15			14			20			18			16			68
Amortization of deferred acquisition costs and intangibles		6			4			7			12			6			29
Interest expense		—			—			1			—			—			1

Total benefits and expenses		60			69			63			69			70			271

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		27			15			21			(4	)		(1	)		31
Provision (benefit) for income taxes		8			4			6			(2	)		(2	)		6

INCOME (LOSS) FROM CONTINUING OPERATIONS		19			11			15			(2	)		1			25

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net⁽¹⁾		(7	)		(7	)		(4	)		12			4			5
Taxes on adjustments		2			2			1			(4	)		(1	)		(2	)

ADJUSTED OPERATING INCOME	$	14		$	6		$	12		$	6		$	4		$	28


⁽¹⁾ Net investment (gains) losses were adjusted for DAC and other intangible amortization and certain benefit reserves as reconciled below:
Net investment (gains) losses, gross	$	(8	)	$	(3	)	$	(4	)	$	13		$	8		$	14
Adjustment for DAC and other intangible amortization and certain benefit reserves		1			(4	)		—			(1	)		(4	)		(9	)

Net investment (gains) losses, net	$	(7	)	$	(7	)	$	(4	)	$	12		$	4		$	5

Corporate and Other

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Adjusted Operating Loss—Corporate and Other⁽¹⁾

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	2		$	1		$	2		$	3		$	6		$	12
Net investment income		1			(1	)		1			1			2			3
Net investment gains (losses)⁽²⁾		(12	)		1			(9	)		(65	)		(14	)		(87	)
Policy fees and other income⁽³⁾		(1	)		2			(1	)		76			1			78

Total revenues		(10	)		3			(7	)		15			(5	)		6

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1			—			1			1			2			4
Acquisition and operating expenses, net of deferrals⁽⁴⁾		14			44			11			25			137			217
Amortization of deferred acquisition costs and intangibles		—			—			1			—			—			1
Interest expense		53			65			67			68			70			270

Total benefits and expenses		68			109			80			94			209			492

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(78	)		(106	)		(87	)		(79	)		(214	)		(486	)
Provision (benefit) for income taxes		(23	)		(5	)		246			(31	)		(96	)		114

LOSS FROM CONTINUING OPERATIONS		(55	)		(101	)		(333	)		(48	)		(118	)		(600	)

ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS:
Net investment (gains) losses		12			(1	)		9			65			14			87
(Gains) losses on sale of businesses		—			—			—			(9	)		7			(2	)
(Gains) losses on early extinguishment of debt, net		—			—			—			(64	)		16			(48	)
Expenses related to restructuring		1			—			—			2			—			2
Fees associated with bond consent solicitation		—			—			—			—			18			18
Taxes on adjustments		(4	)		(1	)		(3	)		2			(42	)		(44	)

ADJUSTED OPERATING LOSS	$	(46	)	$	(103	)	$	(327	)	$	(52	)	$	(105	)	$	(587	)

⁽¹⁾	Includes inter-segment eliminations and the results of other businesses that are managed outside the operating segments, including certain smaller international mortgage insurance businesses.

⁽²⁾	In the second quarter of 2016, net investment gains (losses) included a $64 million loss from the write-off of residual interest in certain policy loan securitization entities.

⁽³⁾	In the second quarter of 2016, the company settled restricted borrowings of $70 million related to a securitization entity and recorded a $64 million pre-tax gain related to the early extinguishment of debt, which was included in policy fees and other income.

⁽⁴⁾

In the first quarter of 2016, acquisition and operating expenses, net of deferrals, included the following: $83 million of legal fees and expenses, including $69 million related to the settlement of the long-term care insurance class action lawsuit; $20 million of make-whole expense on the early redemption of Genworth Holdings’ 2016 senior notes in January 2016; $18 million associated with Genworth Holdings’ bond consent solicitation for broker, advisor and investment banking fees; and an additional estimated loss of $7 million related to the planned sale of the mortgage insurance business in Europe.

Additional Financial Data

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Investments Summary

(amounts in millions)


		March 31, 2017					December 31, 2016					September 30, 2016					June 30, 2016					March 31, 2016
		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		$	33,049		44	%	$	33,733		46	%	$	35,544		45	%	$	35,003		45	%	$	33,362		44	%
Private fixed maturity securities			11,483		15			11,261		15			11,669		15			11,370		15			10,867		14
Residential mortgage-backed securities⁽¹⁾			4,340		6			4,314		6			4,742		6			4,981		6			5,041		7
Commercial mortgage-backed securities			3,283		5			3,106		4			3,148		4			2,940		4			2,633		4
Other asset-backed securities			3,214		4			3,140		4			3,310		4			3,279		4			3,287		4
State and political subdivisions			2,710		4			2,647		4			2,823		4			2,751		4			2,517		3
Non-investment grade fixed maturity securities			2,518		3			2,371		3			2,544		3			2,504		3			2,583		3
Equity securities:
Common stocks and mutual funds			202		—			179		—			175		—			140		—			108		—
Preferred stocks			507		1			453		1			415		1			341		1			323		—
Commercial mortgage loans			6,107		8			6,111		8			6,017		8			6,121		8			6,179		8
Restricted commercial mortgage loans related to securitization entities			122		—			129		—			134		—			141		—			155		—
Policy loans			1,761		3			1,742		2			1,751		2			1,754		2			1,565		2
Cash, cash equivalents and short-term investments			4,021		5			3,136		4			3,420		4			3,730		5			4,217		6
Securities lending			281		1			534		1			417		1			328		—			415		1
Other invested assets:	Limited partnerships		224		—			199		—			188		—			181		—			177		—
	Derivatives:
	Long-term care (LTC) forward starting swap—cash flow		227		—			237		—			735		1			627		1			1,087		1
	Other cash flow		4		—			4		—			6		—			7		—			7		—
	Equity index options—non-qualified		77		—			72		—			61		—			57		—			36		—
	Other non-qualified		367		1			395		1			529		1			578		1			537		1
	Trading portfolio		71		—			259		1			384		1			441		1			471		1
	Restricted other invested assets related to securitization entities		84		—			312		—			312		—			312		—			422		1
	Other		18		—			19		—			14		—			18		—			19		—

Total invested assets and cash		$	74,670		100	%	$	74,353		100	%	$	78,338		100	%	$	77,604		100	%	$	76,008		100	%

Public Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation
AAA		$	13,270		30	%	$	14,264		32	%	$	15,608		33	%	$	15,714		33	%	$	15,385		34	%
AA			4,369		10			4,283		9			4,536		9			4,455		10			4,174		10
A			12,770		29			12,659		28			13,317		28			13,122		28			12,664		28
BBB			12,688		28			12,380		28			12,632		27			12,154		26			11,213		25
BB			1,489		3			1,334		3			1,464		3			1,440		3			1,464		3
B			113		—			151		—			145		—			149		—			141		—
CCC and lower			60		—			60		—			53		—			56		—			77		—

Total public fixed maturity securities		$	44,759		100	%	$	45,131		100	%	$	47,755		100	%	$	47,090		100	%	$	45,118		100	%

Private Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation
AAA		$	1,695		11	%	$	1,661		11	%	$	1,731		11	%	$	1,683		10	%	$	1,614		10	%
AA			1,970		12			1,970		13			2,071		13			2,013		13			1,923		13
A			4,836		31			4,719		30			4,937		31			4,864		31			4,725		31
BBB			6,481		41			6,265		41			6,404		40			6,319		40			6,009		40
BB			802		5			763		5			815		5			734		5			772		5
B			41		—			51		—			51		—			102		1			104		1
CCC and lower			13		—			12		—			16		—			23		—			25		—

Total private fixed maturity securities		$	15,838		100	%	$	15,441		100	%	$	16,025		100	%	$	15,738		100	%	$	15,172		100	%

⁽¹⁾	The company does not have any material exposure to residential mortgage-backed securities collateralized debt obligations (CDOs).

⁽²⁾	Nationally Recognized Statistical Rating Organizations.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Fixed Maturity Securities Summary

(amounts in millions)


	March 31, 2017					December 31, 2016					September 30, 2016					June 30, 2016					March 31, 2016
	Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total
Fixed Maturity Securities—Security Sector:
U.S. government, agencies and government-sponsored enterprises	$	5,493		9	%	$	6,036		10	%	$	6,703		11	%	$	6,806		11	%	$	6,524		11	%
State and political subdivisions		2,710		4			2,647		4			2,824		4			2,751		4			2,517		4
Foreign government		1,817		3			2,107		3			2,227		3			2,113		3			2,080		3
U.S. corporate		27,423		46			26,828		45			27,695		44			26,984		43			25,389		43
Foreign corporate		12,224		21			12,295		21			13,008		20			12,833		21			12,629		21
Residential mortgage-backed securities		4,404		7			4,379		7			4,823		8			5,055		8			5,122		8
Commercial mortgage-backed securities		3,302		5			3,129		5			3,173		5			2,979		5			2,713		4
Other asset-backed securities		3,224		5			3,151		5			3,327		5			3,307		5			3,316		6

Total fixed maturity securities	$	60,597		100	%	$	60,572		100	%	$	63,780		100	%	$	62,828		100	%	$	60,290		100	%

Corporate Bond Holdings—Industry Sector:
Investment Grade:
Finance and insurance	$	8,661		23	%	$	8,408		23	%	$	8,756		23	%	$	8,499		23	%	$	8,128		23	%
Utilities		5,604		15			5,475		15			5,637		15			5,507		15			5,275		15
Energy		3,049		8			2,944		8			2,961		8			2,949		8			2,908		8
Consumer—non-cyclical		5,316		14			5,268		14			5,483		14			5,292		14			4,894		14
Consumer—cyclical		1,840		5			1,853		5			2,034		5			2,039		5			2,150		6
Capital goods		2,732		7			2,665		7			2,623		7			2,613		7			2,444		7
Industrial		2,025		6			1,908		5			2,006		5			1,971		5			1,980		5
Technology and communications		3,252		9			3,220		9			3,418		9			3,272		9			3,019		8
Transportation		1,841		5			1,839		5			1,868		5			1,860		5			1,750		5
Other		3,045		8			3,406		9			3,605		9			3,538		9			3,162		9

Subtotal		37,365		100	%		36,986		100	%		38,391		100	%		37,540		100	%		35,710		100	%

Non-Investment Grade:
Finance and insurance		244		11	%		227		11	%		242		11	%		285		13	%		306		13	%
Utilities		51		2			44		2			73		3			74		3			78		4
Energy		685		30			687		32			713		31			679		30			693		30
Consumer—non-cyclical		189		8			180		8			217		9			217		9			226		10
Consumer—cyclical		183		8			119		6			131		6			131		6			86		4
Capital goods		162		7			128		6			152		7			153		7			216		9
Industrial		251		11			273		13			303		13			263		11			279		12
Technology and communications		403		18			365		17			355		15			335		15			320		14
Transportation		29		1			28		1			30		1			30		1			2		—
Other		85		4			86		4			96		4			110		5			102		4

Subtotal		2,282		100	%		2,137		100	%		2,312		100	%		2,277		100	%		2,308		100	%

Total	$	39,647		100	%	$	39,123		100	%	$	40,703		100	%	$	39,817		100	%	$	38,018		100	%

Fixed Maturity Securities—Contractual Maturity Dates:
Due in one year or less	$	1,776		3	%	$	1,721		3	%	$	1,775		3	%	$	1,851		3	%	$	1,879		3	%
Due after one year through five years		10,764		18			10,938		18			11,309		18			11,024		18			10,730		18
Due after five years through ten years		12,386		20			12,647		21			13,129		20			12,708		20			11,964		20
Due after ten years		24,741		41			24,607		41			26,244		41			25,904		41			24,566		41

Subtotal		49,667		82			49,913		83			52,457		82			51,487		82			49,139		82
Mortgage and asset-backed securities		10,930		18			10,659		17			11,323		18			11,341		18			11,151		18

Total fixed maturity securities	$	60,597		100	%	$	60,572		100	%	$	63,780		100	%	$	62,828		100	%	$	60,290		100	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

General Account GAAP Net Investment Income Yields

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
GAAP Net Investment Income
Fixed maturity securities—taxable	$	641		$	635		$	655		$	634		$	641		$	2,565
Fixed maturity securities—non-taxable		3			3			3			3			3			12
Commercial mortgage loans		77			81			79			77			81			318
Restricted commercial mortgage loans related to securitization entities		2			2			3			3			2			10
Equity securities		8			8			8			7			5			28
Other invested assets		31			34			29			33			32			128
Limited partnerships		1			2			5			—			6			13
Restricted other invested assets related to securitization entities		—			—			—			1			2			3
Policy loans		42			39			38			34			35			146
Cash, cash equivalents and short-term investments		6			4			5			6			5			20

Gross investment income before expenses and fees		811			808			825			798			812			3,243
Expenses and fees		(21	)		(22	)		(20	)		(19	)		(23	)		(84	)

Net investment income	$	790		$	786		$	805		$	779		$	789		$	3,159

Annualized Yields
Fixed maturity securities—taxable		4.5	%		4.5	%		4.6	%		4.6	%		4.7	%		4.6	%
Fixed maturity securities—non-taxable		3.7	%		3.7	%		3.7	%		3.6	%		3.6	%		3.6	%
Commercial mortgage loans		5.0	%		5.3	%		5.2	%		5.0	%		5.2	%		5.2	%
Restricted commercial mortgage loans related to securitization entities		6.4	%		6.1	%		7.4	%		8.0	%		5.1	%		7.1	%
Equity securities		4.9	%		5.2	%		5.8	%		5.8	%		5.1	%		5.6	%
Other invested assets		81.1	%		46.2	%		31.6	%		31.9	%		29.4	%		34.5	%
Limited partnerships⁽¹⁾		1.9	%		4.1	%		10.9	%		—	%		13.2	%		7.0	%
Restricted other invested assets related to securitization entities		—	%		—	%		—	%		1.1	%		2.0	%		0.9	%
Policy loans		9.6	%		8.9	%		8.7	%		8.2	%		8.9	%		8.7	%
Cash, cash equivalents and short-term investments		0.7	%		0.5	%		0.6	%		0.6	%		0.4	%		0.5	%

Gross investment income before expenses and fees		4.7	%		4.6	%		4.7	%		4.6	%		4.6	%		4.6	%
Expenses and fees		-0.2	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%

Net investment income		4.5	%		4.5	%		4.6	%		4.5	%		4.5	%		4.5	%

Yields are based on net investment income as reported under GAAP and are consistent with how the company measures its investment performance for management purposes. Yields are annualized, for interim periods, and are calculated as net investment income as a percentage of average quarterly asset carrying values except for fixed maturity and equity securities, derivatives and derivative counterparty collateral, which exclude unrealized fair value adjustments and securities lending activity, which is included in other invested assets and is calculated net of the corresponding securities lending liability. See page 49 herein for average invested assets and cash used in the yield calculation.

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Net Investment Gains (Losses), Net—Detail

(amounts in millions)


	2017			2016
	1Q			4Q			3Q			2Q			1Q			Total
Net realized gains (losses) on available-for-sale securities:
Fixed maturity securities:
U.S. corporate	$	15		$	(1	)	$	2		$	—		$	(7	)	$	(6	)
U.S. government, agencies and government-sponsored enterprises		(10	)		(19	)		15			137			7			140
Foreign corporate		20			1			(1	)		(6	)		(8	)		(14	)
Foreign government		2			1			4			—			—			5
Mortgage-backed securities		—			13			(1	)		—			—			12
Asset-backed securities		(5	)		(1	)		(5	)		(10	)		—			(16	)
Equity securities		2			2			1			—			1			4
Foreign exchange		5			2			—			1			—			3

Total net realized gains (losses) on available-for-sale securities		29			(2	)		15			122			(7	)		128

Impairments:
Corporate fixed maturity securities		(1	)		—			—			(16	)		(8	)		(24	)
Foreign government		—			—			—			(1	)		—			(1	)
Limited partnerships		—			—			—			—			(3	)		(3	)
Commercial mortgage loans		—			—			—			(4	)		—			(4	)
Commercial mortgage-backed securities		—			—			—			(1	)		—			(1	)
Equity securities		—			(5	)		(2	)		—			—			(7	)

Total impairments		(1	)		(5	)		(2	)		(22	)		(11	)		(40	)

Net unrealized gains (losses) on trading securities		—			(30	)		(4	)		16			28			10
Limited partnerships		—			6			—			—			—			6
Commercial mortgage loans held-for-sale market valuation allowance		1			—			(1	)		1			1			1
Net gains (losses) related to securitization entities		2			1			2			(61	)		8			(50	)
Derivative instruments		3			72			10			(24	)		(38	)		20
Contingent purchase price valuation change		—			—			—			(2	)		—			(2	)
Other		—			(1	)		—			—			—			(1	)

Net investment gains (losses), gross		34			41			20			30			(19	)		72
Adjustment for DAC and other intangible amortization and certain benefit reserves		—			(1	)		—			6			9			14
Adjustment for net investment (gains) losses attributable to noncontrolling interests		(14	)		(12	)		(2	)		3			(9	)		(20	)

Net investment gains (losses), net	$	20		$	28		$	18		$	39		$	(19	)	$	66

Reconciliations of Non-GAAP Measures

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Reconciliation of Operating ROE

(amounts in millions)


Twelve Month Rolling Average ROE	Twelve months ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended⁽¹⁾	$	(175	)	$	(277	)	$	(447	)	$	(351	)	$	(716	)
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	9,770		$	9,790		$	9,900		$	10,042		$	10,160
GAAP Basis ROE ^(1)/(2)		-1.8	%		-2.8	%		-4.5	%		-3.5	%		-7.0	%

Operating ROE
Adjusted operating income (loss) for the twelve months ended⁽¹⁾	$	(276	)	$	(316	)	$	(261	)	$	208		$	204
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	9,770		$	9,790		$	9,900		$	10,042		$	10,160
Operating ROE ^(1)/(2)		-2.8	%		-3.2	%		-2.6	%		2.1	%		2.0	%

Quarterly Average ROE	Three months ended
	March 31, 2017			December 31, 2016			September 30, 2016			June 30, 2016			March 31, 2016
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended⁽³⁾	$	155		$	(122	)	$	(380	)	$	172		$	53
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	9,633		$	9,610		$	9,857		$	9,958		$	9,842
Annualized GAAP Quarterly Basis ROE ^(3)/(4)		6.4	%		-5.1	%		-15.4	%		6.9	%		2.2	%

Operating ROE
Adjusted operating income (loss) for the period ended⁽³⁾	$	143		$	(137	)	$	(405	)	$	123		$	103
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	9,633		$	9,610		$	9,857		$	9,958		$	9,842
Annualized Operating Quarterly Basis ROE ^(3)/(4)		5.9	%		-5.7	%		-16.4	%		4.9	%		4.2	%

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 adjusted operating income (loss) divided by average ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) in average ending Genworth Financial, Inc.’s stockholders’ equity. Management believes that analysis of operating ROE enhances understanding of the efficiency with which the company deploys its capital. However, operating ROE is not a substitute for net income (loss) available to Genworth Financial, Inc.’s common stockholders divided by average ending Genworth Financial, Inc.’s stockholders’ equity determined in accordance with GAAP.

⁽¹⁾	The twelve months ended information is derived by adding the four quarters of net income (loss) available to Genworth Financial, Inc.’s common stockholders and adjusted operating income (loss) from page 9 herein.

⁽²⁾	Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), for the most recent five quarters.

⁽³⁾	Net income (loss) available to Genworth Financial, Inc.’s common stockholders and adjusted 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

FIRST QUARTER 2017

Reconciliation of Core Yield


		2017			2016
	(Assets—amounts in billions)	1Q			4Q			3Q			2Q			1Q			Total
	Reported—Total Invested Assets and Cash	$	74.7		$	74.4		$	78.3		$	77.6		$	76.0		$	74.4
	Subtract:
	Securities lending		0.3			0.5			0.4			0.3			0.4			0.5
	Unrealized gains (losses)		4.6			4.3			7.7			7.6			6.3			4.3

	Adjusted end of period invested assets and cash	$	69.8		$	69.6		$	70.2		$	69.7		$	69.3		$	69.6

(A)	Average Invested Assets and Cash Used in Reported Yield Calculation	$	69.7		$	69.8		$	69.7		$	69.5		$	70.0		$	69.8
	Subtract:
	Restricted commercial mortgage loans and other invested assets related to securitization entities⁽¹⁾		0.1			0.1			0.3			0.1			0.2			0.2

(B)	Average Invested Assets and Cash Used in Core Yield Calculation	$	69.6		$	69.7		$	69.4		$	69.4		$	69.8		$	69.6


	(Income—amounts in millions)

(C)	Reported—Net Investment Income	$	790		$	786		$	805		$	779		$	789		$	3,159
	Subtract:
	Bond calls and commercial mortgage loan prepayments		6			22			14			5			11			52
	Other non-core items⁽²⁾		3			(17	)		8			(6	)		15			—
	Restricted commercial mortgage loans and other invested assets related to securitization entities⁽¹⁾		1			2			1			2			3			8

(D)	Core Net Investment Income	$	780		$	779		$	782		$	778		$	760		$	3,099


(C) / (A)	Reported Yield		4.53	%		4.50	%		4.62	%		4.48	%		4.51	%		4.53	%
(D) / (B)	Core Yield		4.48	%		4.47	%		4.51	%		4.48	%		4.36	%		4.45	%

Notes:

Columns may not add due to rounding.

Yields have been annualized.

Non-GAAP Definition for Core Yield

The company references the non-GAAP financial measure entitled “core yield” as a measure of investment yield. The company defines core yield as the investment yield adjusted for items that do not reflect the underlying performance of the investment portfolio. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield is not a substitute for investment yield determined in accordance with GAAP.

⁽¹⁾	Represents the incremental assets and investment income related to restricted commercial mortgage loans and other invested assets.

⁽²⁾	Includes cost basis adjustments on structured securities and various other immaterial items.

Corporate Information

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2017

Financial Strength Ratings As Of May 1, 2017


Company	Standard & Poor’s Financial Services LLC (S&P)	Moody’s Investors Service, Inc. (Moody’s)	A.M. Best Company, Inc. (A.M. Best)
Genworth Mortgage Insurance Corporation	BB+ (Marginal)	Ba1 (Questionable)	Not rated
Genworth Financial Mortgage Insurance Company Canada⁽¹⁾	A+ (Strong)	Not rated	Not rated
Genworth Financial Mortgage Insurance Pty Limited (Australia)⁽²⁾	A+ (Strong)	A3 (Good)	Not rated
Genworth Life Insurance Company	BB- (Marginal)	Ba3 (Questionable)	B (Fair)
Genworth Life and Annuity Insurance Company	BB- (Marginal)	Baa2 (Adequate)	B++ (Good)
Genworth Life Insurance Company of New York	BB- (Marginal)	Ba3 (Questionable)	B (Fair)

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

S&P states that insurers rated “A” (Strong) or “BB” (Marginal) have strong or marginal financial security characteristics, respectively. The “A” and “BB” ranges are the third- and fifth-highest of nine financial strength rating ranges assigned by S&P, which range from “AAA” to “R.” A plus (+) or minus (-) shows relative standing within a major rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “CCC” category. Accordingly, the “A+,” “BB+” and “BB-” ratings are the fifth-, eleventh- and thirteenth-highest of S&P’s 21 ratings categories.

Moody’s states that insurance companies rated “A” (Good) offer good financial security, that insurance companies rated “Baa” (Adequate) offer adequate financial security and that insurance companies rated “Ba” (Questionable) offer questionable financial security. The “A” (Good), “Baa” (Adequate) and “Ba” (Questionable) ranges are the third-, fourth- and fifth-highest, respectively, of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the group, with 1 being the highest and 3 being the lowest. These modifiers are not added to ratings in the “Aaa” category or to ratings below the “Caa” category. Accordingly, the “A3,” “Baa2,” “Ba1” and “Ba3” ratings are the seventh-, ninth-, eleventh- and thirteenth-highest, respectively, of Moody’s 21 ratings categories.

A.M. Best states that the “B++” (Good) rating is assigned to those companies that have, in its opinion, a good ability to meet their ongoing insurance obligations while “B” (Fair) is assigned to those companies that have, in its opinion, a fair ability to meet their ongoing insurance obligations. The “B++” (Good) and “B” (Fair) ratings are the fifth- and seventh-highest of 15 ratings assigned by A.M. Best, which range from “A++” to “F.”

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

The Australian mortgage insurance subsidiary also solicits a rating from Fitch. Fitch states that “A” (Strong) rated insurance companies are viewed as possessing strong capacity to meet policyholder and contract obligations. The “A” rating category is the third-highest of nine financial strength rating categories, which range from “AAA” to “C.” The symbol (+) or (-) may be appended to a rating to indicate the relative position of a credit within a rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “B” category. Accordingly, the “A+” rating is the fifth-highest of Fitch’s 21 ratings categories.

The company also solicits a rating from HR Ratings on a local scale for Genworth Seguros de Credito a la Vivienda S.A. de C.V., its Mexican mortgage insurance subsidiary, with a short-term rating of “HR1” and long-term rating of “HR AA-.” For short-term ratings, HR Ratings states that “HR1” rated companies are viewed as exhibiting high capacity for timely payment of debt obligations in the short-term and maintain low credit risk. The “HR1” short-term rating category is the highest of six short-term rating categories, which range from “HR1” to “HR D.” For long-term ratings, HR Ratings states that “HR AA-” rated companies are viewed as having high credit quality and offer high safety for timely payment of debt obligations and maintain low credit risk under adverse economic scenarios. The “HR AA-” long-term rating is the second-highest of HR Rating’s eight long-term rating categories, which range from “HR AAA” to “HR D.”

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

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

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