EX-99.2

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025


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		9
Consolidated Balance Sheets		10-11
Consolidated Balance Sheets by Segment		12-13

*Quarterly Results by Business*
Adjusted Operating Income and Operating Metrics—Enact Segment		15-16
Adjusted Operating Income (Loss) and Statutory Impact of In-Force Rate Actions—Long-Term Care Insurance Segment		18-19
Adjusted Operating Income (Loss)—Life and Annuities Segment		21-24
Adjusted Operating Loss—Corporate and Other		26

*Additional Financial Data*
Investments Summary		28
Fixed Maturity Securities Summary		29
U.S. GAAP Net Investment Income Yields		30
Net Investment Gains (Losses)—Detail		31

*Reconciliations of Non-GAAP Measures*
Reconciliation of Operating Return On Equity (ROE)		33
Reconciliation of Consolidated Expense Ratio		34
Reconciliation of Reported Yield to Core Yield		35

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 (U.S. 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

SECOND QUARTER 2025

Use of Non-GAAP Measures

Management evaluates performance and allocates resources based on a non-GAAP financial measure entitled “adjusted operating income (loss).” Management evaluates adjusted operating income (loss) as a key measure to assess performance and support new business initiatives because the measure more accurately reflects overall operating performance, as it minimizes the impact of macroeconomic volatility. The company’s legacy U.S. life insurance subsidiaries, which comprise the Long-Term Care Insurance and Life and Annuities segments, are managed on a standalone basis; therefore, the company does not allocate capital to its Long-Term Care Insurance and Life and Annuities segments.

The company defines adjusted operating income (loss) as income (loss) from continuing operations excluding the after-tax effects of income (loss) attributable to noncontrolling interests, net investment gains (losses), changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, restructuring costs and infrequent or unusual non-operating items. A component of the company’s net investment gains (losses) is the result of estimated future credit losses, 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. The company excludes net investment gains (losses), changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, restructuring costs and infrequent or unusual non-operating items from adjusted operating income (loss) because, in the company’s opinion, they are not indicative of overall operating performance.

While some of these items may be significant components of net income (loss) determined in accordance with U.S. GAAP, the company believes that adjusted operating income (loss), and measures that are derived from or incorporate adjusted operating income (loss), are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Adjusted operating income (loss) is not a substitute for net income (loss) determined in accordance with U.S. 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) to adjusted operating income (loss) assume a 21% tax rate and are net of the portion attributable to noncontrolling interests. Changes in fair value of market risk benefits and associated hedges are adjusted to exclude changes in reserves, attributed fees and benefit payments.

The table on page 9 of this financial supplement provides a reconciliation of net income (loss) to adjusted operating income for the periods presented and reflects adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting. This 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 33 to 35 of this financial supplement.

Statutory Accounting Data

The company presents certain supplemental statutory data for Genworth Life Insurance Company (GLIC) and its consolidating life insurance subsidiaries that has been prepared on the basis of statutory accounting principles (SAP). GLIC and its consolidating life insurance subsidiaries file financial statements with state insurance regulatory authorities and the National Association of Insurance Commissioners that are prepared using SAP, an accounting basis either prescribed or permitted by such authorities. Due to differences in methodology between SAP and U.S. GAAP, the values for assets, liabilities and equity, and the recognition of income and expenses, reflected in financial statements prepared in accordance with U.S. GAAP are materially different from those reflected in financial statements prepared under SAP. This supplemental statutory data should not be viewed as an alternative to, or used in lieu of, U.S. GAAP.

This supplemental statutory data includes the impact from in-force rate actions on pre-tax long-term care insurance statutory earnings. Statutory pre-tax earnings represent the net gain from operations, including the impact from in-force rate actions, before dividends to policyholders, refunds to members and federal income taxes and before realized capital gains or (losses). Management uses and provides this supplemental statutory data because it believes it provides a useful measure of, among other things, statutory pre-tax earnings and the adequacy of capital. Management uses this data to measure against its policy to manage the U.S. life insurance companies with internally generated capital.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Results of Operations and Selected Operating Performance Measures

The company allocates tax to its businesses at the U.S. corporate federal income tax rate of 21%. Each segment is then adjusted to reflect the unique tax attributes of that segment, such as permanent differences between U.S. GAAP and tax law. The difference between the consolidated provision for income taxes and the sum of the provision for income taxes in each segment is reflected in Corporate and Other.

The annually-determined tax rates and adjustments to each segment’s provision for income taxes are estimates which are subject to review and could change from year to year. U.S. GAAP generally requires an annualized effective tax rate to be used for interim reporting periods, utilizing projections of full year results. However, in certain circumstances, it is appropriate to record the actual effective tax rate for the period if a reliable estimate cannot be made for the full year. For the three months ended June 30, 2025, March 31, 2025, September 30, 2024 and June 30, 2024, the company utilized the actual effective tax rate for the interim period to record the provision for income taxes for its Long-Term Care Insurance and Life and Annuities segments and the annualized projected effective tax rate for its Enact segment and Corporate and Other. For the three months ended March 31, 2024, the company used the annualized projected effective tax rate for all segments and Corporate and Other.

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

Management regularly monitors and reports new insurance written for the company’s Enact segment as a measure of volume of new business generated in a period. The company considers new insurance written to be a measure of the operating performance of its Enact segment because it represents a measure of new sales of mortgage insurance policies during a specified period, rather than a measure of revenues or profitability during that period.

Management also regularly monitors and reports insurance in-force and risk in-force for the company’s Enact segment. Insurance in-force is a measure of the aggregate unpaid principal balance as of the respective reporting date for loans insured by the company’s U.S. mortgage insurance subsidiaries. Risk in-force is based on the coverage percentage applied to the estimated current outstanding loan balance. These metrics are presented on a direct basis and exclude reinsurance. The company considers insurance in-force and risk in-force to be measures of the operating performance of its Enact segment because they represent measures of the size of its business at a specific date which will generate revenues and profits in a future period, rather than measures of its revenues or profitability during that period.

Management also regularly monitors and reports a loss ratio for the company’s Enact segment. The company considers the loss ratio, which is the ratio of benefits and other changes in policy reserves to net earned premiums, to be a measure of underwriting performance. The company believes the loss ratio helps to enhance the understanding of the operating performance of the Enact segment.

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

SECOND QUARTER 2025

Financial Highlights

(amounts in millions, except per share data)


Balance Sheet Data	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)	$	10,160		$	10,131		$	10,136		$	10,182		$	10,146
Total accumulated other comprehensive income (loss)⁽¹⁾		(1,372	)		(1,421	)		(1,642	)		(1,871	)		(1,687	)

Total Genworth Financial, Inc.’s stockholders’ equity	$	8,788		$	8,710		$	8,494		$	8,311		$	8,459

Book value per share	$	21.35		$	20.94		$	20.16		$	19.40		$	19.49
Book value per share, excluding accumulated other comprehensive income (loss)	$	24.68		$	24.36		$	24.05		$	23.77		$	23.38
Common shares outstanding as of the balance sheet date		411.7			415.9			421.4			428.4			434.0

	Twelve months ended
Twelve Month Rolling Average ROE	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
U.S. GAAP Basis ROE		1.9	%		2.1	%		3.0	%		0.9	%		0.3	%
Operating ROE⁽²⁾		1.8	%		2.4	%		2.7	%		0.3	%		0.2	%

	Three months ended
Quarterly Average ROE	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
U.S. GAAP Basis ROE		2.0	%		2.1	%		—	%		3.3	%		3.0	%
Operating ROE⁽²⁾		2.7	%		1.5	%		0.6	%		1.9	%		4.9	%

Basic and Diluted Shares	Three months ended June 30, 2025			Six months ended June 30, 2025
Weighted-average common shares used in basic earnings per share calculations		413.2			415.7
Potentially dilutive securities:
Performance stock units, restricted stock units and other equity-based awards		4.3			4.5

Weighted-average common shares used in diluted earnings per share calculations		417.5			420.2

⁽¹⁾

As of June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024 and June 30, 2024, total accumulated other comprehensive income (loss) includes $770 million, $704 million, $1,023 million, $(1,341) million and $624 million, net of taxes, respectively, related to changes in the discount rate used to remeasure the liability for future policy benefits and related reinsurance recoverables.

⁽²⁾	See page 33 herein for a reconciliation of U.S. GAAP Basis ROE to Operating ROE.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Consolidated Net Income (Loss) by Quarter

(amounts in millions, except per share amounts)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	865		$	862		$	1,727		$	876		$	874		$	855		$	875		$	3,480
Net investment income		802			739			1,541			793			777			808			782			3,160
Net investment gains (losses)		(28	)		27			(1	)		(41	)		66			(61	)		49			13
Policy fees and other income		157			158			315			154			163			167			158			642

Total revenues		1,796			1,786			3,582			1,782			1,880			1,769			1,864			7,295

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,195			1,217			2,412			1,199			1,213			1,151			1,203			4,766
Liability remeasurement (gains) losses		60			4			64			88			34			39			(8	)		153
Changes in fair value of market risk benefits and associated hedges		(10	)		18			8			(3	)		21			(8	)		(23	)		(13	)
Interest credited		94			99			193			101			102			125			125			453
Acquisition and operating expenses, net of deferrals		249			236			485			253			259			229			236			977
Amortization of deferred acquisition costs and intangibles		57			60			117			62			62			60			65			249
Interest expense		26			26			52			27			28			30			30			115

Total benefits and expenses		1,671			1,660			3,331			1,727			1,719			1,626			1,628			6,700

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		125			126			251			55			161			143			236			595
Provision for income taxes		35			36			71			20			40			32			66			158

INCOME FROM CONTINUING OPERATIONS		90			90			180			35			121			111			170			437
Loss from discontinued operations, net of taxes⁽¹⁾		(7	)		(5	)		(12	)		(5	)		(3	)		(1	)		(1	)		(10	)

NET INCOME		83			85			168			30			118			110			169			427
Less: net income attributable to noncontrolling interests		32			31			63			31			33			34			30			128

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	51		$	54		$	105		$	(1	)	$	85		$	76		$	139		$	299


Earnings Per Share Data:
Income from continuing operations available to Genworth Financial, Inc.’s common stockholders per share
Basic	$	0.14		$	0.14		$	0.28		$	0.01		$	0.20		$	0.18		$	0.32		$	0.71
Diluted	$	0.14		$	0.14		$	0.28		$	0.01		$	0.20		$	0.17		$	0.31		$	0.70
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share
Basic	$	0.12		$	0.13		$	0.25		$	0.00		$	0.20		$	0.17		$	0.31		$	0.69
Diluted	$	0.12		$	0.13		$	0.25		$	0.00		$	0.19		$	0.17		$	0.31		$	0.68
Weighted-average common shares outstanding
Basic		413.2			418.3			415.7			425.3			430.8			436.4			443.0			433.9
Diluted		417.5			422.9			420.2			431.0			435.8			440.7			450.3			439.4

⁽¹⁾	Loss from discontinued operations primarily relates to legal costs related to litigation involving the company’s former lifestyle protection insurance business.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Reconciliation of Net Income (Loss) to Adjusted Operating Income

(amounts in millions, except per share amounts)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	51		$	54		$	105		$	(1	)	$	85		$	76		$	139		$	299
Add: net income attributable to noncontrolling interests		32			31			63			31			33			34			30			128

NET INCOME		83			85			168			30			118			110			169			427
Less: loss from discontinued operations, net of taxes		(7	)		(5	)		(12	)		(5	)		(3	)		(1	)		(1	)		(10	)

INCOME FROM CONTINUING OPERATIONS		90			90			180			35			121			111			170			437
Less: net income from continuing operations attributable to noncontrolling interests		32			31			63			31			33			34			30			128

INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		58			59			117			4			88			77			140			309

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net⁽¹⁾		27			(28	)		(1	)		39			(66	)		60			(50	)		(17	)
Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges⁽²⁾		(15	)		19			4			(24	)		17			(10	)		(26	)		(43	)
(Gains) losses on early extinguishment of debt, net⁽³⁾		—			—			—			(2	)		(2	)		7			(1	)		2
Expenses related to restructuring		—			(1	)		(1	)		1			—			4			7			12
Taxes on adjustments		(2	)		2			—			(3	)		11			(13	)		15			10

ADJUSTED OPERATING INCOME	$	68		$	51		$	119		$	15		$	48		$	125		$	85		$	273

ADJUSTED OPERATING INCOME (LOSS):
Enact segment	$	141		$	137		$	278		$	137		$	148		$	165		$	135		$	585
Long-Term Care Insurance segment		(37	)		(30	)		(67	)		(104	)		(46	)		(29	)		3			(176	)
Life and Annuities segment:
Life Insurance		(20	)		(44	)		(64	)		2			(40	)		(23	)		(33	)		(94	)
Fixed Annuities		8			4			12			1			6			12			11			30
Variable Annuities		5			7			12			2			7			10			7			26

Total Life and Annuities segment		(7	)		(33	)		(40	)		5			(27	)		(1	)		(15	)		(38	)

Corporate and Other		(29	)		(23	)		(52	)		(23	)		(27	)		(10	)		(38	)		(98	)

ADJUSTED OPERATING INCOME	$	68		$	51		$	119		$	15		$	48		$	125		$	85		$	273


Earnings Per Share Data:
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share
Basic	$	0.12		$	0.13		$	0.25		$	0.00		$	0.20		$	0.17		$	0.31		$	0.69
Diluted	$	0.12		$	0.13		$	0.25		$	0.00		$	0.19		$	0.17		$	0.31		$	0.68
Adjusted operating income per share
Basic	$	0.16		$	0.12		$	0.29		$	0.04		$	0.11		$	0.29		$	0.19		$	0.63
Diluted	$	0.16		$	0.12		$	0.28		$	0.04		$	0.11		$	0.28		$	0.19		$	0.62
Weighted-average common shares outstanding
Basic		413.2			418.3			415.7			425.3			430.8			436.4			443.0			433.9
Diluted		417.5			422.9			420.2			431.0			435.8			440.7			450.3			439.4

⁽¹⁾	Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests (see page 31 for reconciliation).

⁽²⁾	Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments (see page 21 for reconciliation).

⁽³⁾	(Gains) losses on early extinguishment of debt are net of the portion attributable to noncontrolling interests of $2 million for the three months ended June 30, 2024.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Consolidated Balance Sheets

(amounts in millions)


	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
ASSETS
Investments:
Fixed maturity securities available-for-sale, at fair value⁽¹⁾	$	45,672		$	45,668		$	44,902		$	47,342		$	45,233
Equity securities, at fair value		516			496			515			458			435
Commercial mortgage loans		6,390			6,356			6,450			6,570			6,692
Less: Allowance for credit losses		(56	)		(36	)		(39	)		(38	)		(30	)

Commercial mortgage loans, net		6,334			6,320			6,411			6,532			6,662
Policy loans		2,366			2,316			2,310			2,316			2,359
Limited partnerships		3,337			3,241			3,142			3,100			2,968
Other invested assets		643			653			648			772			702

Total investments		58,868			58,694			57,928			60,520			58,359
Cash, cash equivalents and restricted cash		1,797			1,891			2,048			2,057			1,932
Accrued investment income		556			639			607			592			549
Deferred acquisition costs		1,680			1,729			1,779			1,831			1,884
Intangible assets		185			193			197			197			197
Reinsurance recoverable		17,662			17,744			17,679			18,626			17,739
Less: Allowance for credit losses		(23	)		(25	)		(24	)		(27	)		(26	)

Reinsurance recoverable, net		17,639			17,719			17,655			18,599			17,713
Other assets		479			489			444			443			518
Deferred tax asset		1,680			1,663			1,718			1,846			1,784
Market risk benefit assets		58			47			57			52			54
Separate account assets		4,394			4,192			4,438			4,623			4,553

Total assets	$	87,336		$	87,256		$	86,871		$	90,760		$	87,543

⁽¹⁾

Amortized cost of $48,684 million, $48,837 million, $48,720 million, $48,961 million and $48,998 million as of June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024 and June 30, 2024, respectively, and allowance for credit losses of $25 million, $14 million, $10 million, $— and $— as of June 30, 2025, March 31, 2025, December 31, 2024, September 30, 2024 and June 30, 2024, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Consolidated Balance Sheets

(amounts in millions)


	June 30, 2025				March 31, 2025				December 31, 2024				September 30, 2024				June 30, 2024

LIABILITIES AND EQUITY
Liabilities:
Future policy benefits		$	54,111			$	54,158			$	53,610			$	57,303			$	53,774
Policyholder account balances			14,163				14,447				14,594				14,864				15,047
Market risk benefit liabilities			453				516				465				532				500
Liability for policy and contract claims			763				698				670				655				649
Unearned premiums			101				108				115				121				130
Other liabilities			2,052				1,933				2,026				1,859				1,973
Long-term borrowings			1,520				1,519				1,518				1,548				1,564
Separate account liabilities			4,394				4,192				4,438				4,623				4,553
Liabilities related to discontinued operations⁽¹⁾			—				4				4				—				—

Total liabilities			77,557				77,575				77,440				81,505				78,190

Equity:
Common stock			1				1				1				1				1
Additional paid-in capital			11,871				11,862				11,875				11,868				11,880
Accumulated other comprehensive income (loss):
Change in the discount rate used to measure future policy benefits			770				704				1,023				(1,341	)			624
All other			(2,142	)			(2,125	)			(2,665	)			(530	)			(2,311	)

Total accumulated other comprehensive income (loss)			(1,372	)			(1,421	)			(1,642	)			(1,871	)			(1,687	)
Retained earnings			1,615				1,565				1,511				1,512				1,428
Treasury stock, at cost			(3,327	)			(3,297	)			(3,251	)			(3,199	)			(3,163	)

Total Genworth Financial, Inc.’s stockholders’ equity			8,788				8,710				8,494				8,311				8,459
Noncontrolling interests			991				971				937				944				894

Total equity			9,779				9,681				9,431				9,255				9,353

Total liabilities and equity		$	87,336			$	87,256			$	86,871			$	90,760			$	87,543

⁽¹⁾	Liabilities related to discontinued operations primarily relates to legal costs related to litigation involving the sale of the company’s former lifestyle protection insurance business.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Consolidated Balance Sheet by Segment

(amounts in millions)


	June 30, 2025
	Enact			Long-Term Care Insurance		Life and Annuities			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	6,589		$	36,013	$	17,281		$	1,338		$	61,221
Deferred acquisition costs and intangible assets		55			814		982			14			1,865
Reinsurance recoverable, net		3			7,313		10,323			—			17,639
Deferred tax and other assets		130			1,585		317			127			2,159
Market risk benefit assets		—			—		58			—			58
Separate account assets		—			—		4,394			—			4,394

Total assets	$	6,777		$	45,725	$	33,355		$	1,479		$	87,336

LIABILITIES AND EQUITY
Liabilities:
Future policy benefits	$	—		$	41,800	$	12,311		$	—		$	54,111
Policyholder account balances		—			—		14,163			—			14,163
Market risk benefit liabilities		—			—		453			—			453
Liability for policy and contract claims		552			—		203			8			763
Unearned premiums		101			—		—			—			101
Other liabilities		145			1,138		297			472			2,052
Borrowings		744			—		—			776			1,520
Separate account liabilities		—			—		4,394			—			4,394
Liabilities related to discontinued operations		—			—		—			—			—

Total liabilities		1,542			42,938		31,821			1,256			77,557

Equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		4,329			2,668		2,440			723			10,160
Allocated accumulated other comprehensive income (loss)		(85	)		119		(906	)		(500	)		(1,372	)

Total Genworth Financial, Inc.’s stockholders’ equity		4,244			2,787		1,534			223			8,788
Noncontrolling interests		991			—		—			—			991

Total equity		5,235			2,787		1,534			223			9,779

Total liabilities and equity	$	6,777		$	45,725	$	33,355		$	1,479		$	87,336

⁽¹⁾

Includes inter-segment eliminations and other businesses that are not individually reportable, including a start-up business that offers fee-based services, advice, consulting and other aging care products and services through the company’s CareScout business (“CareScout”) and certain international businesses.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Consolidated Balance Sheet by Segment

(amounts in millions)


	March 31, 2025
	Enact			Long-Term Care Insurance		Life and Annuities			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	6,528		$	35,813	$	17,615		$	1,268		$	61,224
Deferred acquisition costs and intangible assets		55			830		1,022			15			1,922
Reinsurance recoverable, net		3			7,308		10,408			—			17,719
Deferred tax and other assets		145			1,557		282			168			2,152
Market risk benefit assets		—			—		47			—			47
Separate account assets		—			—		4,192			—			4,192

Total assets	$	6,731		$	45,508	$	33,566		$	1,451		$	87,256

LIABILITIES AND EQUITY
Liabilities:
Future policy benefits	$	—		$	41,741	$	12,417		$	—		$	54,158
Policyholder account balances		—			—		14,447			—			14,447
Market risk benefit liabilities		—			—		516			—			516
Liability for policy and contract claims		543			—		149			6			698
Unearned premiums		108			—		—			—			108
Other liabilities		207			1,004		282			440			1,933
Borrowings		743			—		—			776			1,519
Separate account liabilities		—			—		4,192			—			4,192
Liabilities related to discontinued operations		—			—		—			4			4

Total liabilities		1,601			42,745		32,003			1,226			77,575

Equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		4,283			2,635		2,466			747			10,131
Allocated accumulated other comprehensive income (loss)		(124	)		128		(903	)		(522	)		(1,421	)

Total Genworth Financial, Inc.’s stockholders’ equity		4,159			2,763		1,563			225			8,710
Noncontrolling interests		971			—		—			—			971

Total equity		5,130			2,763		1,563			225			9,681

Total liabilities and equity	$	6,731		$	45,508	$	33,566		$	1,451		$	87,256

⁽¹⁾	Includes inter-segment eliminations and the results of other businesses that are not individually reportable, including the company’s start-up business, CareScout, and certain international businesses.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Adjusted Operating Income—Enact Segment

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	245		$	245		$	490		$	246		$	249		$	244		$	241		$	980
Net investment income		66			63			129			62			62			59			57			240
Net investment gains (losses)		(8	)		(3	)		(11	)		(7	)		(1	)		(8	)		(6	)		(22	)
Policy fees and other income		1			2			3			1			—			3			—			4

Total revenues		304			307			611			302			310			298			292			1,202

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		25			31			56			24			12			(17	)		20			39
Acquisition and operating expenses, net of deferrals		50			50			100			55			53			65			51			224
Amortization of deferred acquisition costs and intangibles		3			2			5			3			3			2			2			10
Interest expense		12			12			24			12			13			13			13			51

Total benefits and expenses		90			95			185			94			81			63			86			324

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		214			212			426			208			229			235			206			878
Provision for income taxes		46			46			92			45			49			51			45			190

INCOME FROM CONTINUING OPERATIONS		168			166			334			163			180			184			161			688
Less: net income attributable to noncontrolling interests		32			31			63			31			33			34			30			128

INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		136			135			271			132			147			150			131			560

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net⁽¹⁾		7			2			9			5			1			7			5			18
(Gains) losses on early extinguishment of debt, net⁽²⁾		—			—			—			—			—			9			—			9
Expenses related to restructuring		(1	)		1			—			1			—			3			—			4
Taxes on adjustments		(1	)		(1	)		(2	)		(1	)		—			(4	)		(1	)		(6	)

ADJUSTED OPERATING INCOME	$	141		$	137		$	278		$	137		$	148		$	165		$	135		$	585



⁽¹⁾ Net investment (gains) losses were adjusted for the portion of net investment gain (losses) attributable to noncontrolling interests as reconciled below:
Net investment (gains) losses, gross	$	8		$	3		$	11		$	7		$	1		$	8		$	6		$	22
Adjustment for net investment gains (losses) attributable to noncontrolling interests		(1	)		(1	)		(2	)		(2	)		—			(1	)		(1	)		(4	)

Net investment (gains) losses, net	$	7		$	2		$	9		$	5		$	1		$	7		$	5		$	18

⁽²⁾ (Gains) losses on early extinguishment of debt are net of the portion attributable to noncontrolling interests of $2 million for the three months ended June 30, 2024.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Key Metrics—Enact Segment

(dollar amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total

Direct Primary New Insurance Written (NIW)	$	13,254		$	9,818		$	23,072		$	13,266		$	13,591		$	13,619		$	10,526		$	51,002

Direct Primary Insurance In-Force	$	269,754		$	268,366					$	268,825		$	268,003		$	266,060		$	263,645

Direct Primary Risk In-Force	$	70,401		$	69,937					$	69,985		$	69,611		$	68,878		$	67,950

Primary Delinquencies		22,118			22,349			22,118			23,566			21,027			19,051			19,492			23,566

New Delinquencies		11,567			12,237			23,804			13,717			12,964			10,461			11,395			48,537

Paid Claims		(218	)		(179	)		(397	)		(191	)		(220	)		(160	)		(172	)		(743	)

Primary Cures⁽¹⁾		(11,580	)		(13,275	)		(24,855	)		(10,987	)		(10,768	)		(10,742	)		(12,163	)		(44,660	)

Loss Ratio⁽²⁾		10	%		12	%		11	%		10	%		5	%		(7	)%		8	%		4	%

Available Assets Above PMIERs Requirements⁽³⁾	$	1,961		$	1,966					$	2,052		$	2,190		$	2,057		$	1,883

PMIERs Sufficiency Ratio⁽³⁾		165	%		165	%					167	%		173	%		169	%		163	%

Reserves:
Direct primary case⁽⁴⁾	$	500		$	489					$	472		$	461		$	462		$	486
All other⁽⁴⁾		52			54						53			49			46			46

Total Reserves	$	552		$	543					$	525		$	510		$	508		$	532

⁽¹⁾	Includes rescissions and claim denials.

⁽²⁾	The loss ratio is calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

⁽³⁾	The Private Mortgage Insurer Eligibility Requirements (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.

⁽⁴⁾	Direct primary case reserves exclude loss adjustment expenses (LAE), pool, incurred but not reported (IBNR) and reinsurance reserves. Other includes LAE, pool, IBNR and reinsurance reserves.

For additional information related to the Enact segment, refer to the current quarter Quarterly Financial Supplement posted to the Enact investor page:

https://ir.enactmi.com/financials-and-filings/quarterly-results

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Adjusted Operating Income (Loss)—Long-Term Care Insurance Segment

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	578		$	571		$	1,149		$	587		$	581		$	564		$	578		$	2,310
Net investment income		516			451			967			499			483			494			464			1,940
Net investment gains (losses)		25			29			54			(21	)		71			(47	)		63			66

Total revenues		1,119			1,051			2,170			1,065			1,135			1,011			1,105			4,316

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		951			944			1,895			955			949			934			936			3,774
Liability remeasurement (gains) losses		50			(18	)		32			117			28			43			(16	)		172
Acquisition and operating expenses, net of deferrals		115			109			224			121			118			82			102			423
Amortization of deferred acquisition costs and intangibles		16			17			33			17			17			18			17			69

Total benefits and expenses		1,132			1,052			2,184			1,210			1,112			1,077			1,039			4,438

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(13	)		(1	)		(14	)		(145	)		23			(66	)		66			(122	)
Provision (benefit) for income taxes		4			6			10			(24	)		13			—			14			3

INCOME (LOSS) FROM CONTINUING OPERATIONS		(17	)		(7	)		(24	)		(121	)		10			(66	)		52			(125	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses		(25	)		(29	)		(54	)		21			(71	)		47			(63	)		(66	)
Expenses related to restructuring		—			—			—			—			—			—			1			1
Taxes on adjustments		5			6			11			(4	)		15			(10	)		13			14

ADJUSTED OPERATING INCOME (LOSS)	$	(37	)	$	(30	)	$	(67	)	$	(104	)	$	(46	)	$	(29	)	$	3		$	(176	)

Liability remeasurement (gains) losses⁽¹⁾:
Cash flow assumption updates	$	8		$	(1	)	$	7		$	20		$	(63	)	$	(24	)	$	(2	)	$	(69	)
Actual variances from expected experience		42			(17	)		25			97			91			67			(14	)		241

Total	$	50		$	(18	)	$	32		$	117		$	28		$	43		$	(16	)	$	172

Ratio of the liability remeasurement (gains) losses to beginning reserves⁽²⁾		0.11	%		(0.04	)%		0.07	%		0.28	%		0.07	%		0.10	%		(0.04	)%		0.41	%

⁽¹⁾

In the fourth quarter of 2024, the liability remeasurement loss of $117 million in the company’s long-term care insurance business included an unfavorable impact from annual cash flow assumption updates of $20 million, reflecting net unfavorable updates to healthy life assumptions to better align with near-term experience, as well as an unfavorable impact related to higher assumed benefit utilization related to cost of care inflation. These unfavorable impacts were partially offset by favorable assumption updates for future in-force rate action approvals based on recent experience and short-term incidence assumptions for incurred but not reported claims. Also included in the liability remeasurement loss of $117 million were unfavorable actual variances from expected experience of $97 million associated with lower terminations and higher claims.

⁽²⁾	The ratio of the liability remeasurement (gains) losses to beginning reserves is calculated by dividing the liability remeasurement (gains) losses by the beginning liability for future policy benefits at the locked-in discount rate as of each applicable quarter.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Statutory Impact of In-Force Rate Actions—Long-Term Care Insurance Segment

(amounts in millions)


	2025								2024
	2Q		1Q			Total			4Q			3Q			2Q			1Q			Total
Impact of in-force rate actions on pre-tax statutory earnings⁽¹⁾
Premiums, premium tax, commissions and other expenses, net⁽²⁾	$	247	$	240		$	487		$	245		$	232		$	220		$	217		$	914
Reserve changes⁽²⁾		95		97			192			97			90			102			114			403

Settlement impacts - reserve changes		—		5			5			19			133			222			240			614
Settlement impacts - litigation expenses and settlement payments		—		(2	)		(2	)		(6	)		(45	)		(99	)		(109	)		(259	)

Settlement impacts, net		—		3			3			13			88			123			131			355

Statutory earnings from in-force rate actions	$	342	$	340		$	682		$	355		$	410		$	445		$	462		$	1,672

⁽¹⁾	Includes all implemented in-force rate actions since 2012.

⁽²⁾

Earned premium and reserve change estimates for statutory earnings reflect certain simplifying assumptions that may vary materially from actual historical results, including but not limited to, a uniform rate of coinsurance and premium taxes in addition to consistent policyholder behavior over time. Actual behavior may differ significantly from these assumptions and these impacts exclude reserve updates.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Adjusted Operating Income (Loss)—Life and Annuities Segment

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	39		$	44		$	83		$	40		$	42		$	44		$	53		$	179
Net investment income		216			220			436			227			228			250			254			959
Net investment gains (losses)		(17	)		1			(16	)		(8	)		(4	)		(4	)		(4	)		(20	)
Policy fees and other income		156			156			312			153			163			164			158			638

Total revenues		394			421			815			412			429			454			461			1,756

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		220			244			464			222			253			237			250			962
Liability remeasurement (gains) losses		10			22			32			(29	)		6			(4	)		8			(19	)
Changes in fair value of market risk benefits and associated hedges		(10	)		18			8			(3	)		21			(8	)		(23	)		(13	)
Interest credited		94			99			193			101			102			125			125			453
Acquisition and operating expenses, net of deferrals		55			58			113			58			63			60			54			235
Amortization of deferred acquisition costs and intangibles		37			40			77			41			41			39			45			166

Total benefits and expenses		406			481			887			390			486			449			459			1,784

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(12	)		(60	)		(72	)		22			(57	)		5			2			(28	)
Provision (benefit) for income taxes		(3	)		(13	)		(16	)		4			(13	)		1			—			(8	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		(9	)		(47	)		(56	)		18			(44	)		4			2			(20	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses		17			(1	)		16			8			4			4			4			20
Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges⁽¹⁾		(15	)		19			4			(24	)		17			(10	)		(26	)		(43	)
Taxes on adjustments		—			(4	)		(4	)		3			(4	)		1			5			5

ADJUSTED OPERATING INCOME (LOSS)	$	(7	)	$	(33	)	$	(40	)	$	5		$	(27	)	$	(1	)	$	(15	)	$	(38	)


Liability remeasurement (gains) losses⁽²⁾:
Cash flow assumption updates	$	—		$	—		$	—		$	27		$	—		$	—		$	—		$	27
Actual variances from expected experience		10			22			32			(56	)		6			(4	)		8			(46	)

Total	$	10		$	22		$	32		$	(29	)	$	6		$	(4	)	$	8		$	(19	)


⁽¹⁾ Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments as reconciled below:
Changes in fair value of market risk benefits and associated hedges	$	(10	)	$	18		$	8		$	(3	)	$	21		$	(8	)	$	(23	)	$	(13	)
Adjustment for changes in reserves, attributed fees and benefit payments		(5	)		1			(4	)		(21	)		(4	)		(2	)		(3	)		(30	)

Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges	$	(15	)	$	19		$	4		$	(24	)	$	17		$	(10	)	$	(26	)	$	(43	)

⁽²⁾ In the fourth quarter of 2024, the liability remeasurement gain of $29 million was primarily related to the company’s life insurance products, reflecting net favorable model and cash flow assumption updates of $30 million, partially offset by an unfavorable update to mortality assumptions for universal life insurance contracts originating from term life insurance conversions and unfavorable interest rate assumption updates.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Adjusted Operating Income (Loss)—Life and Annuities Segment—Life Insurance

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	39		$	44		$	83		$	40		$	42		$	44		$	53		$	179
Net investment income		139			144			283			147			146			167			167			627
Net investment gains (losses)		(9	)		—			(9	)		(3	)		(2	)		5			5			5
Policy fees and other income		130			129			259			125			135			136			129			525

Total revenues		299			317			616			309			321			352			354			1,336

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		183			201			384			187			213			200			208			808
Liability remeasurement (gains) losses		9			25			34			(28	)		5			—			11			(12	)
Interest credited		73			77			150			78			78			101			99			356
Acquisition and operating expenses, net of deferrals		36			36			72			38			41			43			35			157
Amortization of deferred acquisition costs and intangibles		33			34			67			35			36			33			38			142

Total benefits and expenses		334			373			707			310			373			377			391			1,451

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(35	)		(56	)		(91	)		(1	)		(52	)		(25	)		(37	)		(115	)
Benefit for income taxes		(8	)		(12	)		(20	)		(1	)		(11	)		(5	)		(8	)		(25	)

LOSS FROM CONTINUING OPERATIONS		(27	)		(44	)		(71	)		—			(41	)		(20	)		(29	)		(90	)

ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS:
Net investment (gains) losses		9			—			9			3			2			(5	)		(5	)		(5	)
Taxes on adjustments		(2	)		—			(2	)		(1	)		(1	)		2			1			1

ADJUSTED OPERATING INCOME (LOSS)	$	(20	)	$	(44	)	$	(64	)	$	2		$	(40	)	$	(23	)	$	(33	)	$	(94	)

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Adjusted Operating Income—Life and Annuities Segment—Fixed Annuities

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Net investment income	$	70		$	70		$	140		$	73		$	76		$	77		$	80		$	306
Net investment gains (losses)		(8	)		1			(7	)		(5	)		(2	)		(9	)		(9	)		(25	)
Policy fees and other income		1			2			3			2			1			2			2			7

Total revenues		63			73			136			70			75			70			73			288

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		30			34			64			30			34			33			36			133
Liability remeasurement (gains) losses		1			(3	)		(2	)		(1	)		1			(4	)		(3	)		(7	)
Changes in fair value of market risk benefits and associated hedges		(4	)		9			5			(4	)		8			(4	)		(7	)		(7	)
Interest credited		20			21			41			22			23			23			25			93
Acquisition and operating expenses, net of deferrals		9			12			21			10			12			9			8			39
Amortization of deferred acquisition costs and intangibles		2			2			4			2			2			2			3			9

Total benefits and expenses		58			75			133			59			80			59			62			260

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		5			(2	)		3			11			(5	)		11			11			28
Provision (benefit) for income taxes		1			—			1			2			(1	)		3			2			6

INCOME (LOSS) FROM CONTINUING OPERATIONS		4			(2	)		2			9			(4	)		8			9			22

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses		8			(1	)		7			5			2			9			9			25
Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges⁽¹⁾		(4	)		9			5			(15	)		9			(3	)		(7	)		(16	)
Taxes on adjustments		—			(2	)		(2	)		2			(1	)		(2	)		—			(1	)

ADJUSTED OPERATING INCOME	$	8		$	4		$	12		$	1		$	6		$	12		$	11		$	30



⁽¹⁾ Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments as reconciled below:
Changes in fair value of market risk benefits and associated hedges	$	(4	)	$	9		$	5		$	(4	)	$	8		$	(4	)	$	(7	)	$	(7	)
Adjustment for changes in reserves, attributed fees and benefit payments		—			—			—			(11	)		1			1			—			(9	)

Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges	$	(4	)	$	9		$	5		$	(15	)	$	9		$	(3	)	$	(7	)	$	(16	)

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Adjusted Operating Income—Life and Annuities Segment—Variable Annuities

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Net investment income	$	7		$	6		$	13		$	7		$	6		$	6		$	7		$	26
Policy fees and other income		25			25			50			26			27			26			27			106

Total revenues		32			31			63			33			33			32			34			132

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		7			9			16			5			6			4			6			21
Changes in fair value of market risk benefits and associated hedges		(6	)		9			3			1			13			(4	)		(16	)		(6	)
Interest credited		1			1			2			1			1			1			1			4
Acquisition and operating expenses, net of deferrals		10			10			20			10			10			8			11			39
Amortization of deferred acquisition costs and intangibles		2			4			6			4			3			4			4			15

Total benefits and expenses		14			33			47			21			33			13			6			73

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		18			(2	)		16			12			—			19			28			59
Provision (benefit) for income taxes		4			(1	)		3			3			(1	)		3			6			11

INCOME (LOSS) FROM CONTINUING OPERATIONS		14			(1	)		13			9			1			16			22			48

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges⁽¹⁾		(11	)		10			(1	)		(9	)		8			(7	)		(19	)		(27	)
Taxes on adjustments		2			(2	)		—			2			(2	)		1			4			5

ADJUSTED OPERATING INCOME	$	5		$	7		$	12		$	2		$	7		$	10		$	7		$	26



⁽¹⁾ Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments as reconciled below:
Changes in fair value of market risk benefits and associated hedges	$	(6	)	$	9		$	3		$	1		$	13		$	(4	)	$	(16	)	$	(6	)
Adjustment for changes in reserves, attributed fees and benefit payments		(5	)		1			(4	)		(10	)		(5	)		(3	)		(3	)		(21	)

Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges	$	(11	)	$	10		$	(1	)	$	(9	)	$	8		$	(7	)	$	(19	)	$	(27	)

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Adjusted Operating Loss—Corporate and Other⁽¹⁾

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total

REVENUES:
Premiums	$	3		$	2		$	5		$	3		$	2		$	3		$	3		$	11
Net investment income		4			5			9			5			4			5			7			21
Net investment gains (losses)		(28	)		—			(28	)		(5	)		—			(2	)		(4	)		(11	)

Total revenues		(21	)		7			(14	)		3			6			6			6			21

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		(1	)		(2	)		(3	)		(2	)		(1	)		(3	)		(3	)		(9	)
Acquisition and operating expenses, net of deferrals		29			19			48			19			25			22			29			95
Amortization of deferred acquisition costs and intangibles		1			1			2			1			1			1			1			4
Interest expense		14			14			28			15			15			17			17			64

Total benefits and expenses		43			32			75			33			40			37			44			154

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(64	)		(25	)		(89	)		(30	)		(34	)		(31	)		(38	)		(133	)
Provision (benefit) for income taxes		(12	)		(3	)		(15	)		(5	)		(9	)		(20	)		7			(27	)

LOSS FROM CONTINUING OPERATIONS		(52	)		(22	)		(74	)		(25	)		(25	)		(11	)		(45	)		(106	)

ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS:
Net investment (gains) losses		28			—			28			5			—			2			4			11
(Gains) losses on early extinguishment of debt		—			—			—			(2	)		(2	)		(2	)		(1	)		(7	)
Expenses related to restructuring		1			(2	)		(1	)		—			—			1			6			7
Taxes on adjustments		(6	)		1			(5	)		(1	)		—			—			(2	)		(3	)

ADJUSTED OPERATING LOSS	$	(29	)	$	(23	)	$	(52	)	$	(23	)	$	(27	)	$	(10	)	$	(38	)	$	(98	)

⁽¹⁾	Includes inter-segment eliminations and the results of other businesses that are not individually reportable, including the company’s start-up business, CareScout, and certain international businesses.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Investments Summary

(amounts in millions)


		June 30, 2025					March 31, 2025					December 31, 2024					September 30, 2024					June 30, 2024
		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		$	26,326		43	%	$	26,470		43	%	$	26,159		44	%	$	27,750		45	%	$	26,250		43	%
Private fixed maturity securities			11,341		19			11,166		18			10,882		18			11,369		18			10,933		18
Residential mortgage-backed securities⁽¹⁾			1,044		2			911		2			811		1			860		1			851		1
Commercial mortgage-backed securities			1,331		2			1,309		2			1,293		2			1,360		2			1,312		2
Other asset-backed securities			2,026		3			2,134		4			2,120		4			2,137		3			2,207		4
State and political subdivisions			2,135		4			2,169		4			2,149		4			2,266		4			2,168		4
Non-investment grade fixed maturity securities			1,469		2			1,509		2			1,488		2			1,600		3			1,512		3
Equity securities:
Common stocks and mutual funds			447		1			415		1			429		1			422		1			400		1
Preferred stocks			69		—			81		—			86		—			36		—			35		—
Commercial mortgage loans, net			6,334		10			6,320		11			6,411		11			6,532		10			6,662		11
Policy loans			2,366		4			2,316		4			2,310		4			2,316		4			2,359		4
Limited partnerships			3,337		6			3,241		5			3,142		5			3,100		5			2,968		5
Cash, cash equivalents, restricted cash and short-term investments			1,808		3			1,895		3			2,052		3			2,059		3			1,944		3
Other invested assets:	Derivatives:
	Interest rate swaps		16		—			23		—			18		—			60		—			26		—
	Foreign currency swaps		3		—			12		—			13		—			9		—			12		—
	Equity index options		17		—			12		—			19		—			21		—			21		—
	Forward bond purchase commitments		6		—			19		—			6		—			60		—			21		—
	Foreign currency forward contracts		—		—			1		—			—		—			—		—			—		—
	Other		590		1			582		1			588		1			620		1			610		1

Total invested assets and cash		$	60,665		100	%	$	60,585		100	%	$	59,976		100	%	$	62,577		100	%	$	60,291		100	%

Public Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation

AAA		$	1,498		5	%	$	2,467		8	%	$	2,414		8	%	$	2,558		8	%	$	2,456		8	%
AA			7,063		23			6,158		20			5,988		20			6,311		19			6,017		20
A			9,031		29			8,809		28			8,537		28			9,132		28			8,671		28
BBB			12,951		41			13,165		42			13,208		42			13,948		43			13,184		42
BB			488		2			477		2			476		2			562		2			496		2
B			46		—			27		—			27		—			28		—			27		—
CCC and lower			—		—			—		—			—		—			—		—			—		—

Total public fixed maturity securities		$	31,077		100	%	$	31,103		100	%	$	30,650		100	%	$	32,539		100	%	$	30,851		100	%

Private Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation

AAA		$	652		4	%	$	766		5	%	$	777		5	%	$	828		6	%	$	811		6	%
AA			1,580		11			1,506		10			1,527		11			1,555		11			1,510		10
A			4,310		30			4,136		28			4,015		28			4,165		28			4,050		28
BBB			7,118		49			7,152		50			6,948		49			7,245		48			7,022		50
BB			828		6			889		6			850		6			883		6			891		6
B			71		—			73		1			81		1			98		1			70		—
CCC and lower			21		—			28		—			39		—			14		—			13		—
Not rated			15		—			15		—			15		—			15		—			15		—

Total private fixed maturity securities		$	14,595		100	%	$	14,565		100	%	$	14,252		100	%	$	14,803		100	%	$	14,382		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

SECOND QUARTER 2025

Fixed Maturity Securities Summary

(amounts in millions)


	June 30, 2025					March 31, 2025					December 31, 2024					September 30, 2024					June 30, 2024
	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	$	3,527		8	%	$	3,594		8	%	$	3,493		8	%	$	3,717		8	%	$	3,512		8	%
State and political subdivisions		2,135		5			2,169		5			2,149		5			2,266		5			2,168		5
Foreign government		1,121		2			1,029		2			909		2			863		2			709		2
U.S. corporate		27,154		59			27,229		59			26,771		59			28,313		60			26,813		58
Foreign corporate		7,302		16			7,260		16			7,327		16			7,804		16			7,636		17
Residential mortgage-backed securities		1,044		2			911		2			811		2			859		2			851		2
Commercial mortgage-backed securities		1,340		3			1,318		3			1,301		3			1,360		3			1,312		3
Other asset-backed securities		2,049		5			2,158		5			2,141		5			2,160		4			2,232		5

Total fixed maturity securities	$	45,672		100	%	$	45,668		100	%	$	44,902		100	%	$	47,342		100	%	$	45,233		100	%

Corporate Bond Holdings - Industry Sector:

Investment Grade:
Finance and insurance	$	8,587		25	%	$	8,532		25	%	$	8,546		26	%	$	9,089		25	%	$	8,695		26	%
Utilities		5,043		15			4,991		15			4,899		14			5,189		14			4,887		14
Energy		3,265		10			3,253		9			3,167		9			3,436		10			3,186		9
Consumer - non-cyclical		4,871		14			4,884		15			4,822		14			5,100		14			4,823		14
Consumer - cyclical		1,403		4			1,474		4			1,471		4			1,556		4			1,542		4
Capital goods		2,818		8			2,791		8			2,699		8			2,755		8			2,606		8
Industrial		1,641		5			1,679		5			1,689		5			1,802		5			1,740		5
Technology and communications		3,345		9			3,365		9			3,268		10			3,454		10			3,381		10
Transportation		1,495		4			1,502		4			1,485		4			1,538		4			1,461		4
Other		697		2			700		2			744		2			780		2			770		2

Subtotal		33,165		96			33,171		96			32,790		96			34,699		96			33,091		96

Non-Investment Grade:
Finance and insurance		135		—			140		1			139		—			185		1			185		1
Utilities		69		—			73		—			76		1			80		—			55		—
Energy		129		—			163		1			151		1			167		1			183		1
Consumer - non-cyclical		137		1			123		—			121		—			134		—			128		—
Consumer - cyclical		249		1			258		1			256		1			270		1			242		1
Capital goods		143		1			133		—			135		—			138		—			134		—
Industrial		166		—			166		—			149		1			160		—			157		—
Technology and communications		206		1			181		1			181		—			182		1			175		1
Transportation		—		—			25		—			25		—			24		—			23		—
Other		57		—			56		—			75		—			78		—			76		—

Subtotal		1,291		4			1,318		4			1,308		4			1,418		4			1,358		4

Total	$	34,456		100	%	$	34,489		100	%	$	34,098		100	%	$	36,117		100	%	$	34,449		100	%

Fixed Maturity Securities - Contractual Maturity Dates:

Due in one year or less	$	1,481		3	%	$	1,413		3	%	$	1,419		3	%	$	1,311		3	%	$	1,254		3	%
Due after one year through five years		8,573		19			8,474		19			7,895		18			8,238		17			8,022		18
Due after five years through ten years		11,040		24			11,132		24			11,431		25			11,895		26			11,427		25
Due after ten years		20,145		44			20,262		44			19,904		44			21,519		45			20,135		44

Subtotal		41,239		90			41,281		90			40,649		90			42,963		91			40,838		90
Mortgage and asset-backed securities		4,433		10			4,387		10			4,253		10			4,379		9			4,395		10

Total fixed maturity securities	$	45,672		100	%	$	45,668		100	%	$	44,902		100	%	$	47,342		100	%	$	45,233		100	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

U.S. GAAP Net Investment Income Yields

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
U.S. GAAP Net Investment Income
Fixed maturity securities - taxable	$	570		$	559		$	1,129		$	556		$	557		$	571		$	554		$	2,238
Fixed maturity securities - non-taxable		—			—			—			1			—			—			1			2
Equity securities		3			3			6			5			3			3			2			13
Commercial mortgage loans		72			73			145			73			74			75			75			297
Policy loans		32			36			68			37			38			56			58			189
Limited partnerships		69			8			77			60			36			36			20			152
Other invested assets		62			61			123			65			70			67			68			270
Cash, cash equivalents, restricted cash and short-term investments		19			22			41			23			24			25			27			99

Gross investment income before expenses and fees		827			762			1,589			820			802			833			805			3,260
Expenses and fees		(25	)		(23	)		(48	)		(27	)		(25	)		(25	)		(23	)		(100	)

Net investment income	$	802		$	739		$	1,541		$	793		$	777		$	808		$	782		$	3,160

Annualized Yields
Fixed maturity securities - taxable		4.7	%		4.6	%		4.6	%		4.6	%		4.6	%		4.7	%		4.5	%		4.6	%
Fixed maturity securities - non-taxable		—	%		—	%		—	%		11.8	%		—	%		—	%		10.8	%		5.7	%
Equity securities		2.4	%		2.4	%		2.4	%		4.1	%		2.7	%		2.8	%		1.9	%		2.9	%
Commercial mortgage loans		4.6	%		4.6	%		4.6	%		4.5	%		4.5	%		4.5	%		4.4	%		4.5	%
Policy loans		5.5	%		6.2	%		5.8	%		6.4	%		6.5	%		9.8	%		10.5	%		8.3	%
Limited partnerships⁽¹⁾		8.4	%		1.0	%		4.8	%		7.7	%		4.7	%		4.9	%		2.8	%		5.1	%
Other invested assets⁽²⁾		42.3	%		41.7	%		41.9	%		43.0	%		45.5	%		45.6	%		47.7	%		45.7	%
Cash, cash equivalents, restricted cash and short-term investments		4.1	%		4.5	%		4.3	%		4.5	%		4.8	%		5.1	%		5.1	%		4.8	%

Gross investment income before expenses and fees		5.2	%		4.8	%		5.0	%		5.1	%		5.0	%		5.2	%		5.0	%		5.1	%
Expenses and fees		(0.2	)%		(0.2	)%		(0.2	)%		(0.1	)%		(0.1	)%		(0.2	)%		(0.1	)%		(0.2	)%

Net investment income		5.0	%		4.6	%		4.8	%		5.0	%		4.9	%		5.0	%		4.9	%		4.9	%

Yields are based on net investment income as reported under U.S. GAAP and are consistent with how the company measures its investment performance for management purposes. Yields are annualized, for interim periods, and are calculated as net investment income as a percentage of average quarterly asset carrying values except for fixed maturity securities, derivatives and derivative counterparty collateral, which exclude unrealized fair value adjustments. See page 35 herein for average invested assets and cash used in the yield calculation.

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

⁽²⁾	Investment income for other invested assets includes amortization of terminated cash flow hedges, which have no corresponding book value within the yield calculation.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Net Investment Gains (Losses)—Detail

(amounts in millions)


	2025									2024
	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Realized investment gains (losses):
Net realized gains (losses) on available-for-sale securities:
Fixed maturity securities:
U.S. corporate	$	(15	)	$	—		$	(15	)	$	(8	)	$	(1	)	$	(9	)	$	(17	)	$	(35	)
U.S. government, agencies and government-sponsored enterprises		1			—			1			—			—			3			1			4
Foreign corporate		(1	)		(2	)		(3	)		3			(6	)		(7	)		(3	)		(13	)
Foreign government		(3	)		(2	)		(5	)		(3	)		2			1			—			—
Mortgage-backed securities		—			—			—			(1	)		(2	)		(7	)		(3	)		(13	)
Asset-backed securities		—			—			—			—			—			—			—			—

Total net realized gains (losses) on available-for-sale securities		(18	)		(4	)		(22	)		(9	)		(7	)		(19	)		(22	)		(57	)
Net realized gains (losses) on equity securities sold		4			1			5			9			—			—			—			9

Total net realized investment gains (losses)		(14	)		(3	)		(17	)		—			(7	)		(19	)		(22	)		(48	)

Net change in allowance for credit losses on available-for-sale fixed maturity securities		(11	)		(4	)		(15	)		(10	)		—			7			—			(3	)
Write-down of available-for-sale fixed maturity securities		(4	)		—			(4	)		(9	)		—			—			—			(9	)
Net unrealized gains (losses) on equity securities still held		32			(14	)		18			17			22			12			32			83
Net unrealized gains (losses) on limited partnerships		25			38			63			(3	)		55			(52	)		43			43
Commercial mortgage loans		(20	)		3			(17	)		(5	)		(8	)		(1	)		(2	)		(16	)
Derivative instruments		(36	)		6			(30	)		(21	)		10			(8	)		1			(18	)
Other		—			1			1			(10	)		(6	)		—			(3	)		(19	)

Net investment gains (losses), gross		(28	)		27			(1	)		(41	)		66			(61	)		49			13
Adjustment for net investment (gains) losses attributable to noncontrolling interests		1			1			2			2			—			1			1			4

Net investment gains (losses), net	$	(27	)	$	28		$	1		$	(39	)	$	66		$	(60	)	$	50		$	17

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Reconciliation of Operating ROE

(amounts in millions)


Twelve Month Rolling Average ROE	Twelve months ended
U.S. GAAP Basis ROE	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
Net income available to Genworth Financial, Inc.’s common stockholders for the twelve months ended⁽¹⁾	$	189		$	214		$	299		$	88		$	32
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	10,151		$	10,145		$	10,120		$	10,148		$	10,176
U.S. GAAP Basis ROE^(1)/(2)		1.9	%		2.1	%		3.0	%		0.9	%		0.3	%

Operating ROE
Adjusted operating income for the twelve months ended⁽¹⁾	$	182		$	239		$	273		$	28		$	22
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	10,151		$	10,145		$	10,120		$	10,148		$	10,176
Operating ROE^(1)/(2)		1.8	%		2.4	%		2.7	%		0.3	%		0.2	%

Quarterly Average ROE	Three months ended
U.S. GAAP Basis ROE	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended⁽³⁾	$	51		$	54		$	(1	)	$	85		$	76
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	10,146		$	10,131		$	10,159		$	10,164		$	10,123
Annualized U.S. GAAP Quarterly Basis ROE^(3)/(4)		2.0	%		2.1	%		—	%		3.3	%		3.0	%

Operating ROE
Adjusted operating income for the period ended⁽³⁾	$	68		$	51		$	15		$	48		$	125
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	10,146		$	10,131		$	10,159		$	10,164		$	10,123
Annualized Operating Quarterly Basis ROE^(3)/(4)		2.7	%		2.0	%		0.6	%		1.9	%		4.9	%

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). 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 U.S. 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 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 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), over two consecutive quarters.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Reconciliation of Consolidated Expense Ratio

(amounts in millions)


		2025									2024
	GAAP Basis Expense Ratio	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
(A)	Acquisition and operating expenses, net of deferrals	$	249		$	236		$	485		$	253		$	259		$	229		$	236		$	977
(B)	Premiums	$	865		$	862		$	1,727		$	876		$	874		$	855		$	875		$	3,480

(A) / (B)	GAAP Basis Expense Ratio		29	%		27	%		28	%		29	%		30	%		27	%		27	%		28	%

	Adjusted Expense Ratio
	Acquisition and operating expenses, net of deferrals	$	249		$	236		$	485		$	253		$	259		$	229		$	236		$	977
	Less: Legal settlement (recoveries) expenses⁽¹⁾		—			—			—			—			—			(24	)		(4	)		(28	)
	Less: (Gains) losses on early extinguishment of debt⁽²⁾		—			—			—			(2	)		(2	)		9			(1	)		4

(C)	Adjusted acquisition and operating expenses, net of deferrals	$	249		$	236		$	485		$	255		$	261		$	244		$	241		$	1,001

	Premiums	$	865		$	862		$	1,727		$	876		$	874		$	855		$	875		$	3,480
	Add: Policy fees and other income		157			158			315			154			163			167			158			642

(D)	Adjusted revenues	$	1,022		$	1,020		$	2,042		$	1,030		$	1,037		$	1,022		$	1,033		$	4,122

(C) / (D)	Adjusted expense ratio		24	%		23	%		24	%		25	%		25	%		24	%		23	%		24	%

Non-GAAP Definition for Adjusted Expense Ratio

The company references the non-GAAP financial measure entitled “adjusted expense ratio” as a measure of its operating performance. The company defines adjusted expense ratio as acquisition and operating expenses, net of deferrals, less certain reinsurance expenses, less legal settlement (recoveries) expenses incurred in the company’s long-term care insurance business, less (gains) losses on early extinguishment of debt divided by the sum of premiums, policy fees and other income. Management believes that the expense ratio analysis enhances understanding of the operating performance of the company. However, the adjusted expense ratio as defined by the company should not be viewed as a substitute for the GAAP basis expense ratio.

⁽¹⁾

Estimated pre-tax class action attorney fees incurred in connection with legal settlements in the company’s long-term care insurance business. These amounts are accrued in the period the court settlement occurs. Amounts in the second and first quarters of 2024 represent net insurance recoveries on legal costs incurred in connection with these legal settlements.

⁽²⁾	(Gains) losses on early extinguishment of debt include the portion attributable to noncontrolling interests of $2 million for the three months ended June 30, 2024.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

SECOND QUARTER 2025

Reconciliation of Reported Yield to Core Yield


		2025									2024
	(Assets - amounts in billions)	2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
	Reported - Total Invested Assets and Cash	$	60.7		$	60.6		$	60.7		$	60.0		$	62.6		$	60.3		$	61.0		$	60.0
	Subtract:
	Unrealized gains (losses)		(2.9	)		(3.1	)		(2.9	)		(3.8	)		(1.5	)		(3.7	)		(3.1	)		(3.8	)

	Adjusted end of period invested assets and cash	$	63.6		$	63.7		$	63.6		$	63.8		$	64.1		$	64.0		$	64.1		$	63.8

(A)	Average Invested Assets and Cash Used in Reported and Core Yield Calculation	$	63.6		$	63.7		$	63.7		$	63.9		$	64.0		$	64.0		$	64.3		$	64.1

	(Income - amounts in millions)

(B)	Reported - Net Investment Income	$	802		$	739		$	1,541		$	793		$	777		$	808		$	782		$	3,160
	Subtract:
	Bond calls and commercial mortgage loan prepayments		1			2			3			—			1			1			1			3
	Other non-core items⁽¹⁾		5			2			7			5			4			4			2			15

(C)	Core Net Investment Income	$	796		$	735		$	1,531		$	788		$	772		$	803		$	779		$	3,142

(B) / (A)	Reported Yield		5.04	%		4.64	%		4.84	%		4.97	%		4.86	%		5.04	%		4.87	%		4.93	%
(C) / (A)	Core Yield		5.00	%		4.62	%		4.81	%		4.93	%		4.82	%		5.02	%		4.85	%		4.91	%

Note: 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 U.S. GAAP.

⁽¹⁾	Includes cost basis adjustments on structured securities and various other immaterial items.