SEC Info - Genworth Financial Inc - ‘8-K’ for 2/5/13

Genworth Financial Inc – ‘8-K’ for 2/5/13 – EX-99.2

Genworth Financial Inc – ‘8-K’ for 2/5/13 – EX-99.2

On: Tuesday, 2/5/13, at 5:12pm ET · For: 2/5/13 · Accession #: 1193125-13-38943 · File #: 1-32195

Current Report — Form 8-K
Filing Table of Contents

EX-99.2 — Financial Supplement for the Quarter Ended December 31, 2012
Exhibit Table of Contents

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

On: Tuesday, 2/5/13, at 5:12pm ET · For: 2/5/13 · Accession #: 1193125-13-38943 · File #: 1-32195

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Current Report — Form 8-KFiling Table of Contents

EX-99.2 — Financial Supplement for the Quarter Ended December 31, 2012Exhibit Table of Contents

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

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Filing Table of Contents

EX-99.2 — Financial Supplement for the Quarter Ended December 31, 2012
Exhibit Table of Contents

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/05/13  Genworth Financial Inc            8-K:2,9     2/05/13    3:6.9M                                   RR Donnelley/FA

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     19K 
 2: EX-99.1     Press Release                                       HTML    271K 
 3: EX-99.2     Financial Supplement for the Quarter Ended          HTML   4.22M 
                          December 31, 2012

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Additional Financial Data Commercial Mortgage Loans Summary Consolidated Balance Sheets Consolidated Balance Sheets by Segment Consolidated Net Income (Loss) by Quarter Corporate Information Deferred Acquisition Costs Rollforward Financial Highlights Fixed Maturity Securities Summary Fourth Quarter Results General Account GAAP Net Investment Income Yields Industry Ratings Investments Summary Investor Letter Net Income Net Investment Gains (Losses), Net of Taxes and Other Adjustments-Detail Net Operating Income and Sales-U.S. Life Insurance Division Net Operating Income by Segment Net Operating Income (Loss) and Sales-Corporate and Other Division Net Operating Income (Loss) and Sales-Global Mortgage Insurance Division Net Operating Income (Loss) by Segment by Quarter Quarterly Results Reconciliation of Core Premiums Reconciliation of Core Yield Reconciliation of Expense Ratio Reconciliation of Operating Return On Equity (ROE) Reconciliations of Non-GAAP Measures Table of Contents Use of Non-GAAP Measures and Selected Operating Performance Measures
1	1st Page - Filing Submission
"	Table of Contents
"	Investor Letter
"	Use of Non-GAAP Measures and Selected Operating Performance Measures
"	Financial Highlights
"	Fourth Quarter Results
"	Net Income
"	Net Operating Income by Segment
"	Consolidated Net Income (Loss) by Quarter
"	Net Operating Income (Loss) by Segment by Quarter
"	Consolidated Balance Sheets
"	Consolidated Balance Sheets by Segment
"	Deferred Acquisition Costs Rollforward
"	Quarterly Results
"	Net Operating Income and Sales-U.S. Life Insurance Division
"	Net Operating Income (Loss) and Sales-Global Mortgage Insurance Division
"	Net Operating Income (Loss) and Sales-Corporate and Other Division
"	Additional Financial Data
"	Investments Summary
"	Fixed Maturity Securities Summary
"	Commercial Mortgage Loans Summary
"	General Account GAAP Net Investment Income Yields
"	Net Investment Gains (Losses), Net of Taxes and Other Adjustments-Detail
"	Reconciliations of Non-GAAP Measures
"	Reconciliation of Operating Return On Equity (ROE)
"	Reconciliation of Expense Ratio
"	Reconciliation of Core Premiums
"	Reconciliation of Core Yield
"	Corporate Information
"	Industry Ratings

Financial Supplement for the quarter ended December 31, 2012

Exhibit 99.2

LOGO

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012


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

*Fourth Quarter Results*
Net Income		7
Net Operating Income by Segment		8
Consolidated Net Income (Loss) by Quarter		9
Net Operating Income (Loss) by Segment by Quarter		10
Consolidated Balance Sheets		11-12
Consolidated Balance Sheets by Segment		13-14
Deferred Acquisition Costs Rollforward		15

*Quarterly Results*
Net Operating Income and Sales—U.S. Life Insurance Division		17-26
Net Operating Income (Loss) and Sales—Global Mortgage Insurance Division		28-50
Net Operating Income (Loss) and Sales—Corporate and Other Division		52-65

*Additional Financial Data*
Investments Summary		67
Fixed Maturity Securities Summary		68
Commercial Mortgage Loans Summary		69-70
General Account GAAP Net Investment Income Yields		71
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail		72

*Reconciliations of Non-GAAP Measures*
Reconciliation of Operating Return On Equity (ROE)		74
Reconciliation of Expense Ratio		75
Reconciliation of Core Premiums		76
Reconciliation of Core Yield		77

*Corporate Information*
Industry Ratings		79-80

Note:

Unless otherwise noted, references in this financial supplement to net income (loss), net income (loss) per share, net operating income (loss), net operating income (loss) per share, book value and book value per common share should be read as net income (loss) available to Genworth Financial, Inc.’s common stockholders, net income (loss) available to Genworth Financial, Inc.’s common stockholders per share, net operating income (loss) available to Genworth Financial, Inc.’s common stockholders, net 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

FOURTH QUARTER 2012

Dear Investor,

The fourth quarter financial supplement reflects the following changes in divisions, reflecting our strategy announced in October 2012:

U.S. Life Insurance Division

U.S. Life Insurance segment

Life Insurance

Long-Term Care

Fixed Annuities

Corporate and Other Division

International Protection segment

ii.

Wealth Management segment

iii.

Runoff segment

iv.

Corporate and Other

Once again, thank you for your continued interest in Genworth Financial.

Please feel free to call with any questions or comments.

Regards,

Georgette Nicholas

Investor Relations

804 662.2248

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Use of Non-GAAP Measures

This financial supplement includes the non-GAAP⁽¹⁾ financial measure entitled “net operating income (loss).” The chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss) available to Genworth Financial, Inc.’s common stockholders. The company defines net operating income (loss) available to Genworth Financial, Inc.’s common stockholders as income (loss) from continuing operations excluding the after-tax effects of income attributable to noncontrolling interests, net investment gains (losses), goodwill impairments, gains (losses) on the sale of businesses and infrequent or unusual non-operating items. The company excludes net investment gains (losses) and infrequent or unusual non-operating items because the company does not consider them to be related to the operating performance of the company’s segments and Corporate and Other activities. A component of the company’s net investment gains (losses) is the result of impairments, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Goodwill impairments and gains (losses) on the sale of businesses are also excluded from net operating income (loss) available to Genworth Financial, Inc.’s common stockholders because, in the company’s opinion, they are not indicative of overall operating trends. Other non-operating items are also excluded from net operating income (loss) available to Genworth Financial, Inc.’s common stockholders 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 net operating income (loss) available to Genworth Financial, Inc.’s common stockholders and measures that are derived from or incorporate net operating income (loss) available to Genworth Financial, Inc.’s common stockholders, including net operating income (loss) available to Genworth Financial, Inc.’s common stockholders per common share on a basic and diluted basis, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Management also uses net operating income (loss) available to Genworth Financial, Inc.’s common stockholders as a basis for determining awards and compensation for senior management and to evaluate performance on a basis comparable to that used by analysts. However, the items excluded from net operating income (loss) available to Genworth Financial, Inc.’s common stockholders have occurred in the past and could, and in some cases will, recur in the future. Net operating income (loss) available to Genworth Financial, Inc.’s common stockholders and net operating income (loss) available to Genworth Financial, Inc.’s common stockholders per common share on a basic and diluted basis are not substitutes for net income (loss) available to Genworth Financial, Inc.’s common stockholders or net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share on a basic and diluted basis determined in accordance with GAAP. In addition, the company’s definition of net operating income (loss) available to Genworth Financial, Inc.’s common stockholders may differ from the definitions used by other companies.

The table on page 10 of this financial supplement reflects net operating income (loss) as determined in accordance with accounting guidance related to segment reporting, and a reconciliation of net operating income (loss) of the company’s segments and Corporate and Other activities to net income (loss) available to Genworth Financial, Inc.’s common stockholders for the periods presented. The financial supplement includes other non-GAAP measures management believes enhances the understanding and comparability of performance by highlighting underlying business activity and profitability drivers. These additional non-GAAP measures are on pages 74 through 77 of this financial supplement.

Selected Operating Performance Measures

This financial supplement contains selected operating performance measures including “sales,” “assets under management” and “insurance in-force” or “risk in-force” which are commonly used in the insurance and investment industries as measures of operating performance.

Management regularly monitors and reports sales metrics as a measure of volume of new and renewal business generated in a period. Sales refer to: (1) annualized first-year premiums for term life and long-term care insurance; (2) annualized first-year deposits plus 5% of excess deposits for universal and term universal life insurance products; (3) 10% of premium deposits for linked-benefits products; (4) new and additional premiums/deposits for fixed annuities; (5) new insurance written for mortgage insurance; (6) written premiums and deposits, gross of ceded reinsurance and cancellations, and premium equivalents, where the company earns a fee for administrative services only business, for the lifestyle protection insurance business; and (7) gross flows and net flows, which represent gross flows less redemptions, for the wealth management business. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers annualized first-year premiums, premium equivalents, new premiums/deposits, gross and net flows, written premiums and new insurance written to be a measure of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company’s revenues or profitability during that period.

Management regularly monitors and reports assets under management for the wealth management business, insurance in-force and risk in-force. Assets under management for the wealth management business represent third-party assets under management that are not consolidated in the company’s financial statements. Insurance in-force for the life, international mortgage and U.S. mortgage insurance businesses is a measure of the aggregate face value of outstanding insurance policies as of the respective reporting date. For the risk in-force in the international mortgage insurance business, the company has computed an “effective” risk in-force amount, which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor of 35% that represents the highest expected average per-claim payment for any one underwriting year over the life of the company’s businesses in Canada and Australia. Risk in-force for the U.S. mortgage insurance business is the obligation that is limited under contractual terms to the amounts less than 100% of the mortgage loan value. The company considers assets under management for the wealth management business, insurance in-force and risk in-force to be a measure of the company’s operating performance because they represent a measure of the size of the business at a specific date which will generate revenues and profits in a future period, rather than a measure of the company’s revenues or profitability during that period.

This financial supplement also includes information related to loss mitigation activities for the U.S. mortgage insurance business. The company defines loss mitigation activities as rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled presales, claims administration and other loan workouts. Estimated savings related to rescissions are the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings related to loan modifications and other cure related loss mitigation actions represent the reduction in carried loss reserves. For non-cure related actions, including presales, the estimated savings represent the difference between the full claim obligation and the actual amount paid. The company believes that this information helps to enhance the understanding of the operating performance of the U.S. mortgage insurance business as loss mitigation activities specifically impact current and future loss reserves and level of claim payments.

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

⁽¹⁾	U.S. Generally Accepted Accounting Principles

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Financial Highlights

(amounts in millions, except per share data)


Balance Sheet Data	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		December 31, 2011
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	$	11,335	$	11,204	$	11,164	$	11,082	$	11,021
Total accumulated other comprehensive income		5,202		5,223		4,653		3,656		4,047

Total Genworth Financial, Inc.’s stockholders’ equity	$	16,537	$	16,427	$	15,817	$	14,738	$	15,068


Book value per common share	$	33.62	$	33.40	$	32.17	$	29.99	$	30.69
Book value per common share, excluding accumulated other comprehensive income	$	23.04	$	22.78	$	22.71	$	22.55	$	22.45
Common shares outstanding as of the balance sheet date		491.9		491.8		491.6		491.5		490.9

	Twelve months ended
Twelve Month Rolling Average ROE	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		December 31, 2011
GAAP Basis ROE		2.9%		2.7%		2.3%		0.3%		0.4%
Operating ROE⁽¹⁾		3.6%		3.2%		2.7%		0.9%		1.4%

	Three months ended
Quarterly Average ROE	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		December 31, 2011
GAAP Basis ROE		5.9%		1.2%		2.7%		1.7%		5.2%
Operating ROE⁽¹⁾		5.9%		4.3%		2.9%		1.1%		4.5%


Basic and Diluted Shares	Three months ended December 31, 2012		Twelve months ended December 31, 2012
Weighted-average shares used in basic earnings per common share calculations		491.9		491.6
Potentially dilutive securities:
Stock options, restricted stock units and stock appreciation rights		2.0		2.8

Weighted-average shares used in diluted earnings per common share calculations		493.9		494.4

⁽¹⁾	See page 74 herein for a reconciliation of GAAP Basis ROE to Operating ROE.

Fourth Quarter Results

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Income

(amounts in millions)


	Three months ended December 31,						Twelve months ended December 31,
	2012			2011			2012			2011
REVENUES:
Premiums	$	1,318		$	1,352		$	5,038		$	5,705
Net investment income		840			827			3,343			3,380
Net investment gains (losses)		13			5			23			(220	)
Insurance and investment product fees and other		367			440			1,619			1,503

Total revenues		2,538			2,624			10,023			10,368

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,401			1,392			5,378			5,941
Interest credited		193			195			775			794
Acquisition and operating expenses, net of deferrals		330			569			1,866			2,294
Amortization of deferred acquisition costs and intangibles		145			133			727			598
Goodwill impairment		—			29			89			29
Interest expense		124			121			476			506

Total benefits and expenses		2,193			2,439			9,311			10,162

INCOME BEFORE INCOME TAXES		345			185			712			206
Provision for income taxes		81			10			189			18
Effective tax rate		23.5	%		5.4	%		26.5	%		8.7	%

NET INCOME		264			175			523			188
Less: net income attributable to noncontrolling interests		98			33			200			139

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	166		$	142		$	323		$	49

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income by Segment

(amounts in millions, except per share amounts)


	Three months ended December 31,						Twelve months ended December 31,
	2012			2011			2012			2011
U.S. Life Insurance Division
U.S. Life Insurance segment:
Life Insurance	$	49		$	48		$	107		$	211
Long-Term Care		7			28			101			99
Fixed Annuities		20			18			82			78

Total U.S. Life Insurance segment		76			94			290			388

Total U.S. Life Insurance Division		76			94			290			388

Global Mortgage Insurance Division
International Mortgage Insurance segment:
Canada		114			40			234			159
Australia		62			54			142			196
Other Countries		(11	)		(11	)		(34	)		(27	)

Total International Mortgage Insurance segment		165			83			342			328
U.S. Mortgage Insurance segment		(34	)		(96	)		(140	)		(513	)

Total Global Mortgage Insurance Division		131			(13	)		202			(185	)

Corporate and Other Division
International Protection segment		8			19			24			91
Wealth Management segment		8			12			42			47
Runoff segment		8			15			46			27
Corporate and Other		(64	)		(3	)		(205	)		(220	)

Total Corporate and Other Division		(40	)		43			(93	)		(55	)

NET OPERATING INCOME		167			124			399			148

ADJUSTMENTS TO NET OPERATING INCOME:
Net investment gains (losses), net of taxes and other adjustments⁽¹⁾		1			1			(3	)		(116	)
Goodwill impairment, net of taxes		—			(19	)		(86	)		(19	)
Gain on sale of business, net of taxes		(2	)		36			13			36

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		166			142			323			49
Add: net income attributable to noncontrolling interests		98			33			200			139

NET INCOME	$	264		$	175		$	523		$	188

Earnings Per Share Data:

Net income available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.34		$	0.29		$	0.66		$	0.10
Diluted	$	0.34		$	0.29		$	0.65		$	0.10

Net operating income per common share
Basic	$	0.34		$	0.25		$	0.81		$	0.30
Diluted	$	0.34		$	0.25		$	0.81		$	0.30

Weighted-average shares outstanding
Basic		491.9			490.9			491.6			490.6
Diluted		493.9			492.7			494.4			493.5

⁽¹⁾	See page 72 for details on net investment gains (losses), net of taxes and other adjustments.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Consolidated Net Income (Loss) by Quarter

(amounts in millions, except per share amounts)


	2012											2011
	4Q		3Q		2Q			1Q		Total		4Q		3Q			2Q			1Q			Total
REVENUES:
Premiums	$	1,318	$	1,311	$	1,302		$	1,107	$	5,038	$	1,352	$	1,461		$	1,455		$	1,437		$	5,705
Net investment income		840		825		846			832		3,343		827		842			881			830			3,380
Net investment gains (losses)		13		9		(34	)		35		23		5		(157	)		(40	)		(28	)		(220	)
Insurance and investment product fees and other		367		391		409			452		1,619		440		375			359			329			1,503

Total revenues		2,538		2,536		2,523			2,426		10,023		2,624		2,521			2,655			2,568			10,368

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,401		1,363		1,382			1,232		5,378		1,392		1,457			1,679			1,413			5,941
Interest credited		193		193		194			195		775		195		194			204			201			794
Acquisition and operating expenses, net of deferrals		330		504		502			530		1,866		569		581			581			563			2,294
Amortization of deferred acquisition costs and intangibles		145		162		148			272		727		133		152			162			151			598
Goodwill impairment		—		89		—			—		89		29		—			—			—			29
Interest expense		124		126		131			95		476		121		124			134			127			506

Total benefits and expenses		2,193		2,437		2,357			2,324		9,311		2,439		2,508			2,760			2,455			10,162

INCOME (LOSS) BEFORE INCOME TAXES		345		99		166			102		712		185		13			(105	)		113			206
Provision (benefit) for income taxes		81		29		57			22		189		10		(7	)		(5	)		20			18

NET INCOME (LOSS)		264		70		109			80		523		175		20			(100	)		93			188
Less: net income attributable to noncontrolling interests		98		36		33			33		200		33		36			36			34			139

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	166	$	34	$	76		$	47	$	323	$	142	$	(16	)	$	(136	)	$	59		$	49


Earnings (Loss) Per Share Data:

Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.34	$	0.07	$	0.16		$	0.09	$	0.66	$	0.29	$	(0.03	)	$	(0.28	)	$	0.12		$	0.10
Diluted	$	0.34	$	0.07	$	0.16		$	0.09	$	0.65	$	0.29	$	(0.03	)	$	(0.28	)	$	0.12		$	0.10

Weighted-average shares outstanding
Basic		491.9		491.7		491.5			491.2		491.6		490.9		490.8			490.6			490.1			490.6
Diluted		493.9		493.9		493.9			495.7		494.4		492.7		490.8			490.6			494.4			493.5

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income (Loss) by Segment by Quarter

(amounts in millions, except per share amounts)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
U.S. Life Insurance Division
U.S. Life Insurance segment:
Life Insurance	$	49		$	22		$	30		$	6		$	107		$	48		$	64		$	57		$	42		$	211
Long-Term Care		7			45			14			35			101			28			17			18			36			99
Fixed Annuities		20			19			20			23			82			18			21			25			14			78

Total U.S. Life Insurance segment		76			86			64			64			290			94			102			100			92			388

Total U.S. Life Insurance Division		76			86			64			64			290			94			102			100			92			388

Global Mortgage Insurance Division
International Mortgage Insurance segment:
Canada		114			42			41			37			234			40			40			28			51			159
Australia		62			57			44			(21	)		142			54			36			54			52			196
Other Countries		(11	)		(5	)		(9	)		(9	)		(34	)		(11	)		(8	)		(4	)		(4	)		(27	)

Total International Mortgage Insurance segment		165			94			76			7			342			83			68			78			99			328
U.S. Mortgage Insurance segment		(34	)		(38	)		(25	)		(43	)		(140	)		(96	)		(79	)		(255	)		(83	)		(513	)

Total Global Mortgage Insurance Division		131			56			51			(36	)		202			(13	)		(11	)		(177	)		16			(185	)

Corporate and Other Division
International Protection segment		8			8			3			5			24			19			22			25			25			91
Wealth Management segment		8			10			12			12			42			12			12			13			10			47
Runoff segment		8			9			(6	)		35			46			15			(7	)		18			1			27
Corporate and Other		(64	)		(48	)		(44	)		(49	)		(205	)		(3	)		(56	)		(92	)		(69	)		(220	)

Total Corporate and Other Division		(40	)		(21	)		(35	)		3			(93	)		43			(29	)		(36	)		(33	)		(55	)

NET OPERATING INCOME (LOSS)		167			121			80			31			399			124			62			(113	)		75			148

ADJUSTMENTS TO NET OPERATING INCOME (LOSS):
Net investment gains (losses), net of taxes and other adjustments		1			(1	)		(19	)		16			(3	)		1			(78	)		(23	)		(16	)		(116	)
Goodwill impairment, net of taxes		—			(86	)		—			—			(86	)		(19	)		—			—			—			(19	)
Gain on sale of business, net of taxes		(2	)		—			15			—			13			36			—			—			—			36

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		166			34			76			47			323			142			(16	)		(136	)		59			49
Add: net income attributable to noncontrolling interests		98			36			33			33			200			33			36			36			34			139

NET INCOME (LOSS)	$	264		$	70		$	109		$	80		$	523		$	175		$	20		$	(100	)	$	93		$	188


Earnings (Loss) Per Share Data:

Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.34		$	0.07		$	0.16		$	0.09		$	0.66		$	0.29		$	(0.03	)	$	(0.28	)	$	0.12		$	0.10
Diluted	$	0.34		$	0.07		$	0.16		$	0.09		$	0.65		$	0.29		$	(0.03	)	$	(0.28	)	$	0.12		$	0.10

Net operating income (loss) per common share
Basic	$	0.34		$	0.25		$	0.16		$	0.06		$	0.81		$	0.25		$	0.13		$	(0.23	)	$	0.15		$	0.30
Diluted	$	0.34		$	0.25		$	0.16		$	0.06		$	0.81		$	0.25		$	0.13		$	(0.23	)	$	0.15		$	0.30

Weighted-average shares outstanding
Basic		491.9			491.7			491.5			491.2			491.6			490.9			490.8			490.6			490.1			490.6
Diluted⁽¹⁾		493.9			493.9			493.9			495.7			494.4			492.7			490.8			490.6			494.4			493.5

⁽¹⁾

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 company’s net loss available to Genworth Financial, Inc.’s common stockholders for the three months ended September 30, 2011 and June 30, 2011, the inclusion of 1.7 million and 3.7 million, respectively, shares for stock options, restricted stock units and stock appreciation rights would have been antidilutive to the calculation. If the company had not incurred a net loss available to Genworth Financial, Inc.’s common stockholders for the three months ended September 30, 2011 and June 30, 2011, dilutive potential common shares would have been 492.5 million and 494.3 million, respectively. Since the company had net operating income for the three months ended September 30, 2011, the company used 492.5 million diluted weighted-average common shares outstanding in the calculation of diluted net operating income per common share.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Consolidated Balance Sheets

(amounts in millions)


	December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012		December 31, 2011
ASSETS
Investments:
Fixed maturity securities available-for-sale, at fair value	$	62,161	$	62,214	$	59,791	$	58,532	$	58,295
Equity securities available-for-sale, at fair value		518		524		431		434		361
Commercial mortgage loans		5,872		5,861		5,875		6,030		6,092
Restricted commercial mortgage loans related to securitization entities		341		359		382		392		411
Policy loans		1,601		1,626		1,619		1,555		1,549
Other invested assets		3,503		3,916		4,512		3,001		4,819
Restricted other invested assets related to securitization entities		393		393		391		384		377

Total investments		74,389		74,893		73,001		70,328		71,904
Cash and cash equivalents		3,653		3,741		3,874		4,187		4,488
Accrued investment income		715		746		652		759		691
Deferred acquisition costs		5,036		5,020		5,023		5,060		5,193
Intangible assets		481		488		519		573		580
Goodwill		1,128		1,128		1,218		1,256		1,253
Reinsurance recoverable		17,230		17,195		17,177		17,193		16,998
Other assets		743		1,010		1,039		981		958
Separate account assets		9,937		10,166		10,033		10,646		10,122

Total assets	$	113,312	$	114,387	$	112,536	$	110,983	$	112,187

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Consolidated Balance Sheets

(amounts in millions)


	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	33,505		$	33,221		$	32,825		$	32,380		$	32,175
Policyholder account balances		26,262			26,449			26,160			26,204			26,345
Liability for policy and contract claims		7,509			7,545			7,552			7,663			7,620
Unearned premiums		4,333			4,291			4,156			4,209			4,223
Other liabilities		5,218			6,073			5,790			5,308			6,308
Borrowings related to securitization entities		336			353			375			383			396
Non-recourse funding obligations		2,066			2,325			2,598			2,602			3,256
Long-term borrowings		4,776			4,880			4,865			5,095			4,726
Deferred tax liability		1,545			1,437			1,216			610			838
Separate account liabilities		9,937			10,166			10,033			10,646			10,122

Total liabilities		95,487			96,740			95,570			95,100			96,009

Stockholders’ equity:
Common stock		1			1			1			1			1
Additional paid-in capital		12,127			12,162			12,156			12,150			12,136

Accumulated other comprehensive income (loss):
Net unrealized investment gains (losses):
Net unrealized gains on securities not other-than-temporarily impaired		2,692			2,641			2,132			1,438			1,617
Net unrealized gains (losses) on other-than-temporarily impaired securities		(54	)		(88	)		(116	)		(111	)		(132	)

Net unrealized investment gains (losses)		2,638			2,553			2,016			1,327			1,485

Derivatives qualifying as hedges		1,909			2,011			2,087			1,680			2,009
Foreign currency translation and other adjustments		655			659			550			649			553

Total accumulated other comprehensive income		5,202			5,223			4,653			3,656			4,047
Retained earnings		1,907			1,741			1,707			1,631			1,584
Treasury stock, at cost		(2,700	)		(2,700	)		(2,700	)		(2,700	)		(2,700	)

Total Genworth Financial, Inc.’s stockholders’ equity		16,537			16,427			15,817			14,738			15,068
Noncontrolling interests		1,288			1,220			1,149			1,145			1,110

Total stockholders’ equity		17,825			17,647			16,966			15,883			16,178

Total liabilities and stockholders’ equity	$	113,312		$	114,387		$	112,536		$	110,983		$	112,187

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Consolidated Balance Sheet by Segment

(amounts in millions)


	December 31, 2012
	U.S. Life Insurance		International Mortgage Insurance		U.S. Mortgage Insurance			International Protection		Wealth Management		Runoff			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	57,341	$	9,702	$	2,192		$	1,715	$	31	$	4,065		$	3,711		$	78,757
Deferred acquisition costs and intangible assets		5,368		230		19			267		375		348			38			6,645
Reinsurance recoverable		16,160		18		96			26		—		930			—			17,230
Deferred tax and other assets		345		113		50			137		52		28			18			743
Separate account assets		—		—		—			—		—		9,937			—			9,937

Total assets	$	79,214	$	10,063	$	2,357		$	2,145	$	458	$	15,308		$	3,767		$	113,312

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	33,499	$	—	$	—		$	—	$	—	$	6		$	—		$	33,505
Policyholder account balances		21,454		—		—			16		—		4,792			—			26,262
Liability for policy and contract claims		4,857		516		2,009			106		—		21			—			7,509
Unearned premiums		617		3,051		116			539		—		10			—			4,333
Non-recourse funding obligations		2,096		—		—			—		—		—			(30	)		2,066
Deferred tax and other liabilities		5,386		373		(845	)		481		40		105			1,223			6,763
Borrowings and capital securities		—		573		—			—		—		8			4,531			5,112
Separate account liabilities		—		—		—			—		—		9,937			—			9,937

Total liabilities		67,909		4,513		1,280			1,142		40		14,879			5,724			95,487

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		6,895		3,382		1,050			925		418		540			(1,875	)		11,335
Allocated accumulated other comprehensive income (loss)		4,410		880		27			78		—		(111	)		(82	)		5,202

Total Genworth Financial, Inc.’s stockholders’ equity		11,305		4,262		1,077			1,003		418		429			(1,957	)		16,537
Noncontrolling interests		—		1,288		—			—		—		—			—			1,288

Total stockholders’ equity		11,305		5,550		1,077			1,003		418		429			(1,957	)		17,825

Total liabilities and stockholders’ equity	$	79,214	$	10,063	$	2,357		$	2,145	$	458	$	15,308		$	3,767		$	113,312

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Consolidated Balance Sheet by Segment

(amounts in millions)


	September 30, 2012
	U.S. Life Insurance		International Mortgage Insurance		U.S. Mortgage Insurance			International Protection		Wealth Management		Runoff			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	57,518	$	9,849	$	2,310		$	1,778	$	31	$	4,147		$	3,747		$	79,380
Deferred acquisition costs and intangible assets		5,336		239		18			261		373		369			40			6,636
Reinsurance recoverable		16,115		10		112			26		—		932			—			17,195
Deferred tax and other assets		530		135		51			155		56		56			27			1,010
Separate account assets		—		—		—			—		—		10,166			—			10,166

Total assets	$	79,499	$	10,233	$	2,491		$	2,220	$	460	$	15,670		$	3,814		$	114,387

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	33,215	$	—	$	—		$	—	$	—	$	6		$	—		$	33,221
Policyholder account balances		21,458		—		—			17		—		4,974			—			26,449
Liability for policy and contract claims		4,751		551		2,114			107		—		22			—			7,545
Unearned premiums		582		3,041		116			542		—		10			—			4,291
Non-recourse funding obligations		2,500		—		—			—		—		—			(175	)		2,325
Deferred tax and other liabilities		5,383		655		(821	)		520		35		152			1,586			7,510
Borrowings and capital securities		—		577		—			—		—		8			4,648			5,233
Separate account liabilities		—		—		—			—		—		10,166			—			10,166

Total liabilities		67,889		4,824		1,409			1,186		35		15,338			6,059			96,740

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		7,111		3,273		1,057			981		425		494			(2,137	)		11,204
Allocated accumulated other comprehensive income (loss)		4,499		916		25			53		—		(162	)		(108	)		5,223

Total Genworth Financial, Inc.’s stockholders’ equity		11,610		4,189		1,082			1,034		425		332			(2,245	)		16,427
Noncontrolling interests		—		1,220		—			—		—		—			—			1,220

Total stockholders’ equity		11,610		5,409		1,082			1,034		425		332			(2,245	)		17,647

Total liabilities and stockholders’ equity	$	79,499	$	10,233	$	2,491		$	2,220	$	460	$	15,670		$	3,814		$	114,387

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Deferred Acquisition Costs Rollforward

(amounts in millions)


	U.S. Life Insurance⁽¹⁾			International Mortgage Insurance			U.S. Mortgage Insurance		International Protection			Wealth Management		Runoff⁽²⁾			Corporate and Other		Total
Unamortized balance as of September 30, 2012	$	4,658		$	164		$	9	$	238		$	—	$	354		$	—	$	5,423
Costs deferred		118			10			1		25			—		1			—		155
Amortization, net of interest accretion		(65	)		(13	)		—		(26	)		—		(19	)		—		(123	)
Impact of foreign currency translation		—			—			—		5			—		—			—		5

Unamortized balance as of December 31, 2012		4,711			161			10		242			—		336			—		5,460
Effect of accumulated net unrealized investment (gains) losses		(411	)		—			—		—			—		(13	)		—		(424	)

Balance as of December 31, 2012	$	4,300		$	161		$	10	$	242		$	—	$	323		$	—	$	5,036

⁽¹⁾	Amortization, net of interest accretion, includes $3 million of amortization related to net investment losses for the policyholder account balances.

⁽²⁾	Amortization, net of interest accretion, includes $6 million of amortization related to net investment losses for the policyholder account balances.

U.S. Life Insurance Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income—U.S. Life Insurance Division

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	759		$	754		$	733		$	543		$	2,789		$	758		$	750		$	738		$	733		$	2,979
Net investment income		661			644			651			638			2,594			632			637			648			621			2,538
Net investment gains (losses)		8			7			(21	)		(2	)		(8	)		—			(19	)		(33	)		(21	)		(73	)
Insurance and investment product fees and other		199			221			192			263			875			176			192			172			146			686

Total revenues		1,627			1,626			1,555			1,442			6,250			1,566			1,560			1,525			1,479			6,130

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,075			1,051			1,038			786			3,950			968			964			942			915			3,789
Interest credited		161			160			160			162			643			163			160			170			166			659
Acquisition and operating expenses, net of deferrals		169			170			169			169			677			193			188			183			172			736
Amortization of deferred acquisition costs and intangibles		78			94			82			223			477			77			67			77			76			297
Interest expense		26			24			24			12			86			26			27			25			26			104

Total benefits and expenses		1,509			1,499			1,473			1,352			5,833			1,427			1,406			1,397			1,355			5,585

INCOME BEFORE INCOME TAXES		118			127			82			90			417			139			154			128			124			545
Provision for income taxes		40			42			29			32			143			48			50			47			44			189

NET INCOME		78			85			53			58			274			91			104			81			80			356

ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		(2	)		1			11			6			16			3			(2	)		19			12			32

NET OPERATING INCOME	$	76		$	86		$	64		$	64		$	290		$	94		$	102		$	100		$	92		$	388


Effective tax rate (operating income)⁽¹⁾		32.7	%		32.4	%		36.1	%		35.6	%		34.1	%		34.9	%		32.3	%		36.5	%		35.2	%		34.7	%

⁽¹⁾	The operating income (loss) effective tax rate for all pages in this financial supplement was calculated using whole dollars. As a result, the percentages shown may differ from an operating income (loss) effective tax rate calculated using the rounded numbers in this financial supplement.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income—U.S. Life Insurance Division

(amounts in millions)


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

Total revenues		522			826			279			1,627			1,627

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

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

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

NET INCOME		55			8			15			78			78
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		(6	)		(1	)		5			(2	)		(2	)

NET OPERATING INCOME	$	49		$	7		$	20		$	76		$	76



Effective tax rate (operating income)		34.9	%		2.1	%		35.1	%		32.7	%		32.7	%


	U.S. Life Insurance Segment
Three months ended December 31, 2011	Life Insurance			Long-Term Care			Fixed Annuities			Total U.S. Life Insurance Segment			Total
REVENUES:
Premiums	$	205		$	520		$	33		$	758		$	758
Net investment income		131			246			255			632			632
Net investment gains (losses)		(13	)		8			5			—			—
Insurance and investment product fees and other		174			1			1			176			176

Total revenues		497			775			294			1,566			1,566

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		260			593			115			968			968
Interest credited		64			—			99			163			163
Acquisition and operating expenses, net of deferrals		55			113			25			193			193
Amortization of deferred acquisition costs and intangibles		29			22			26			77			77
Interest expense		26			—			—			26			26

Total benefits and expenses		434			728			265			1,427			1,427

INCOME BEFORE INCOME TAXES		63			47			29			139			139
Provision for income taxes		24			14			10			48			48

NET INCOME		39			33			19			91			91
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		9			(5	)		(1	)		3			3

NET OPERATING INCOME	$	48		$	28		$	18		$	94		$	94



Effective tax rate (operating income)		37.8	%		29.1	%		35.0	%		34.9	%		34.9	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income—U.S. Life Insurance Division

(amounts in millions)


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

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

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

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

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

NET INCOME		102			101			71			274			274
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		5			—			11			16			16

NET OPERATING INCOME	$	107		$	101		$	82		$	290		$	290


Effective tax rate (operating income)		34.4	%		32.6	%		35.3	%		34.1	%		34.1	%



	U.S. Life Insurance Segment
Twelve months ended December 31, 2011	Life Insurance			Long-Term Care			Fixed Annuities			Total U.S. Life Insurance Segment			Total
REVENUES:
Premiums	$	864		$	2,020		$	95		$	2,979		$	2,979
Net investment income		534			959			1,045			2,538			2,538
Net investment gains (losses)		(32	)		19			(60	)		(73	)		(73	)
Insurance and investment product fees and other		676			4			6			686			686

Total revenues		2,042			3,002			1,086			6,130			6,130

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,034			2,324			431			3,789			3,789
Interest credited		255			—			404			659			659
Acquisition and operating expenses, net of deferrals		223			432			81			736			736
Amortization of deferred acquisition costs and intangibles		132			80			85			297			297
Interest expense		103			1			—			104			104

Total benefits and expenses		1,747			2,837			1,001			5,585			5,585

INCOME BEFORE INCOME TAXES		295			165			85			545			545
Provision for income taxes		105			54			30			189			189

NET INCOME		190			111			55			356			356
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		21			(12	)		23			32			32

NET OPERATING INCOME	$	211		$	99		$	78		$	388		$	388


Effective tax rate (operating income)		35.6	%		32.4	%		35.0	%		34.7	%		34.7	%

U.S. Life Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income—U.S. Life Insurance Segment

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	759		$	754		$	733		$	543		$	2,789		$	758		$	750		$	738		$	733		$	2,979
Net investment income		661			644			651			638			2,594			632			637			648			621			2,538
Net investment gains (losses)		8			7			(21	)		(2	)		(8	)		—			(19	)		(33	)		(21	)		(73	)
Insurance and investment product fees and other		199			221			192			263			875			176			192			172			146			686

Total revenues		1,627			1,626			1,555			1,442			6,250			1,566			1,560			1,525			1,479			6,130

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,075			1,051			1,038			786			3,950			968			964			942			915			3,789
Interest credited		161			160			160			162			643			163			160			170			166			659
Acquisition and operating expenses, net of deferrals		169			170			169			169			677			193			188			183			172			736
Amortization of deferred acquisition costs and intangibles		78			94			82			223			477			77			67			77			76			297
Interest expense		26			24			24			12			86			26			27			25			26			104

Total benefits and expenses		1,509			1,499			1,473			1,352			5,833			1,427			1,406			1,397			1,355			5,585

INCOME BEFORE INCOME TAXES		118			127			82			90			417			139			154			128			124			545
Provision for income taxes		40			42			29			32			143			48			50			47			44			189

NET INCOME		78			85			53			58			274			91			104			81			80			356

ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		(2	)		1			11			6			16			3			(2	)		19			12			32

NET OPERATING INCOME	$	76		$	86		$	64		$	64		$	290		$	94		$	102		$	100		$	92		$	388


Effective tax rate (operating income)		32.7	%		32.4	%		36.1	%		35.6	%		34.1	%		34.9	%		32.3	%		36.5	%		35.2	%		34.7	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q			3Q⁽¹⁾			2Q			1Q⁽²⁾			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	177		$	187		$	189		$	(11	)	$	542		$	205		$	215		$	222		$	222		$	864
Net investment income		137			129			130			129			525			131			132			141			130			534
Net investment gains (losses)		10			(2	)		(9	)		(5	)		(6	)		(13	)		(4	)		(15	)		—			(32	)
Insurance and investment product fees and other		198			219			188			260			865			174			189			170			143			676

Total revenues		522			533			498			373			1,926			497			532			518			495			2,042

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		264			313			281			65			923			260			258			254			262			1,034
Interest credited		69			66			65			65			265			64			59			69			63			255
Acquisition and operating expenses, net of deferrals		44			51			55			55			205			55			62			60			46			223
Amortization of deferred acquisition costs and intangibles		35			49			37			172			293			29			34			36			33			132
Interest expense		25			24			23			12			84			26			26			25			26			103

Total benefits and expenses		437			503			461			369			1,770			434			439			444			430			1,747

INCOME BEFORE INCOME TAXES		85			30			37			4			156			63			93			74			65			295
Provision for income taxes		30			10			13			1			54			24			31			27			23			105

NET INCOME		55			20			24			3			102			39			62			47			42			190

ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		(6	)		2			6			3			5			9			2			10			—			21

NET OPERATING INCOME	$	49		$	22		$	30		$	6		$	107		$	48		$	64		$	57		$	42		$	211


Effective tax rate (operating income)		34.9	%		32.8	%		35.7	%		30.3	%		34.4	%		37.8	%		33.1	%		37.0	%		35.0	%		35.6	%

SALES:
Sales by Product:
Term Life	$	—		$	1		$	—		$	—		$	1		$	—		$	1		$	—		$	—		$	1
Term Universal Life		11			19			32			31			93			31			33			35			30			129
Universal Life		17			15			19			16			67			16			14			13			15			58
Linked-Benefits		3			3			3			3			12			2			2			3			2			9

Total Sales	$	31			38		$	54		$	50		$	173		$	49		$	50		$	51		$	47		$	197

Sales by Distribution Channel:
Financial Intermediaries	$	1		$	2		$	1		$	2		$	6		$	1		$	2		$	1		$	2		$	6
Independent Producers		30			35			52			48			165			47			48			49			45			189
Dedicated Sales Specialist		—			1			1			—			2			1			—			1			—			2

Total Sales	$	31		$	38		$	54		$	50		$	173		$	49		$	50		$	51		$	47		$	197

⁽¹⁾

In the third quarter of 2012, as part of a life block transaction, the company repurchased $270 million of non-recourse funding obligations resulting in a U.S. GAAP after-tax gain of approximately $21 million. The company also recorded higher after-tax deferred acquisition costs (DAC) amortization of approximately $25 million reflecting loss recognition associated with a third-party reinsurance treaty plus additional expenses. The combined transactions resulted in a U.S. GAAP after-tax loss of $6 million.

⁽²⁾

In January 2012, as part of a life block transaction, the company repurchased $475 million of non-recourse funding obligations resulting in a U.S. GAAP after-tax gain of approximately $52 million and then ceded certain term life insurance policies to a third-party reinsurer resulting in a U.S. GAAP after-tax loss, net of DAC, of $93 million. The combined transactions resulted in a U.S. GAAP after-tax loss of approximately $41 million.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Life Insurance In-Force

(amounts in millions)


	2012								2011
	4Q		3Q		2Q		1Q		4Q		3Q		2Q		1Q
Term and Whole Life Insurance
Life insurance in-force, net of reinsurance	$	340,394	$	382,735	$	387,333	$	391,870	$	439,743	$	444,861	$	449,806	$	454,704
Life insurance in-force before reinsurance	$	539,317	$	546,829	$	554,019	$	561,186	$	568,261	$	575,689	$	583,007	$	590,569

Term Universal Life Insurance
Life insurance in-force, net of reinsurance	$	137,359	$	133,846	$	119,687	$	112,906	$	99,753	$	87,238	$	73,569	$	58,371
Life insurance in-force before reinsurance	$	138,436	$	134,921	$	127,640	$	113,737	$	100,476	$	87,896	$	74,107	$	58,811

Universal Life Insurance
Life insurance in-force, net of reinsurance	$	44,129	$	43,523	$	43,232	$	42,734	$	42,363	$	42,015	$	41,737	$	41,543
Life insurance in-force before reinsurance	$	50,954	$	50,364	$	50,083	$	49,527	$	49,204	$	48,199	$	47,990	$	47,831

Total Life Insurance
Life insurance in-force, net of reinsurance	$	521,882	$	560,104	$	550,252	$	547,510	$	581,859	$	574,114	$	565,112	$	554,618
Life insurance in-force before reinsurance	$	728,707	$	732,114	$	731,742	$	724,450	$	717,941	$	711,784	$	705,104	$	697,211

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	552		$	541		$	529		$	521		$	2,143		$	520		$	513		$	496		$	491		$	2,020
Net investment income		273			266			266			255			1,060			246			244			240			229			959
Net investment gains (losses)		1			1			—			(2	)		—			8			27			(8	)		(8	)		19
Insurance and investment product fees and other		—			1			2			1			4			1			1			1			1			4

Total revenues		826			809			797			775			3,207			775			785			729			713			3,002

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		694			625			654			601			2,574			593			605			583			543			2,324
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		105			100			96			98			399			113			110			105			104			432
Amortization of deferred acquisition costs and intangibles		17			19			24			22			82			22			19			19			20			80
Interest expense		1			—			1			—			2			—			1			—			—			1

Total benefits and expenses		817			744			775			721			3,057			728			735			707			667			2,837

INCOME BEFORE INCOME TAXES		9			65			22			54			150			47			50			22			46			165
Provision for income taxes		1			20			8			20			49			14			15			9			16			54

NET INCOME		8			45			14			34			101			33			35			13			30			111
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		—			—			1			—			(5	)		(18	)		5			6			(12	)

NET OPERATING INCOME	$	7		$	45		$	14		$	35		$	101		$	28		$	17		$	18		$	36		$	99


Effective tax rate (operating income)		2.1	%		30.9	%		38.4	%		36.5	%		32.6	%		29.1	%		22.3	%		39.2	%		35.2	%		32.4	%

SALES:
Sales by Distribution Channel:
Financial Intermediaries	$	6		$	5		$	5		$	5		$	21		$	6		$	6		$	5		$	5		$	22
Independent Producers		41			46			35			28			150			35			34			31			29			129
Dedicated Sales Specialist		13			12			13			12			50			15			14			14			12			55

Total Individual Long-Term Care		60			63			53			45			221			56			54			50			46			206
Group Long-Term Care		4			6			7			3			20			9			—			2			2			13

Total Sales	$	64		$	69		$	60		$	48		$	241		$	65		$	54		$	52		$	48		$	219


RATIOS:
Loss Ratio⁽¹⁾		76.2	%		65.8	%		74.2	%		66.4	%		70.7	%		67.1	%		71.4	%		70.4	%		64.5	%		68.4	%
Gross Benefits Ratio⁽²⁾		126.4	%		115.0	%		124.1	%		115.1	%		120.2	%		114.1	%		118.0	%		117.3	%		110.6	%		115.0	%

⁽¹⁾	The loss ratio was calculated by dividing benefits and other changes in policy reserves less tabular interest on reserves less loss adjustment expenses by net earned premiums.

⁽²⁾	The gross benefits ratio was calculated by dividing the benefits and other changes in policy reserves by net earned premiums.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	30		$	26		$	15		$	33		$	104		$	33		$	22		$	20		$	20		$	95
Net investment income		251			249			255			254			1,009			255			261			267			262			1,045
Net investment gains (losses)		(3	)		8			(12	)		5			(2	)		5			(42	)		(10	)		(13	)		(60	)
Insurance and investment product fees and other		1			1			2			2			6			1			2			1			2			6

Total revenues		279			284			260			294			1,117			294			243			278			271			1,086

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		117			113			103			120			453			115			101			105			110			431
Interest credited		92			94			95			97			378			99			101			101			103			404
Acquisition and operating expenses, net of deferrals		20			19			18			16			73			25			16			18			22			81
Amortization of deferred acquisition costs and intangibles		26			26			21			29			102			26			14			22			23			85
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		255			252			237			262			1,006			265			232			246			258			1,001

INCOME BEFORE INCOME TAXES		24			32			23			32			111			29			11			32			13			85
Provision for income taxes		9			12			8			11			40			10			4			11			5			30

NET INCOME		15			20			15			21			71			19			7			21			8			55
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		5			(1	)		5			2			11			(1	)		14			4			6			23

NET OPERATING INCOME	$	20		$	19		$	20		$	23		$	82		$	18		$	21		$	25		$	14		$	78


Effective tax rate (operating income)		35.1	%		35.4	%		35.3	%		35.6	%		35.3	%		35.0	%		36.9	%		33.1	%		35.6	%		35.0	%

SALES:
Sales by Product:
Single Premium Immediate Annuities	$	69		$	63		$	51		$	74		$	257		$	70		$	49		$	52		$	57		$	228
Single Premium Deferred Annuities		179			424			285			262			1,150			293			446			272			109			1,120

Total Sales	$	248		$	487		$	336		$	336		$	1,407		$	363		$	495		$	324		$	166		$	1,348

Sales by Distribution Channel:
Financial Intermediaries	$	120		$	336		$	242		$	216		$	914		$	233		$	411		$	243		$	108		$	995
Independent Producers		118			145			90			116			469			127			82			79			55			343
Dedicated Sales Specialists		10			6			4			4			24			3			2			2			3			10

Total Sales	$	248		$	487		$	336		$	336		$	1,407		$	363		$	495		$	324		$	166		$	1,348

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Single Premium Deferred Annuities
Account value, beginning of the period	$	11,104		$	10,904		$	10,849		$	10,831		$	10,831		$	10,775		$	10,582		$	10,660		$	10,819		$	10,819
Deposits		184			427			286			264			1,161			295			450			275			120			1,140
Surrenders, benefits and product charges		(331	)		(310	)		(314	)		(330	)		(1,285	)		(325	)		(345	)		(441	)		(368	)		(1,479	)

Net flows		(147	)		117			(28	)		(66	)		(124	)		(30	)		105			(166	)		(248	)		(339	)
Interest credited		81			83			83			84			331			86			88			88			89			351

Account value, end of the period		11,038			11,104			10,904			10,849			11,038			10,831			10,775			10,582			10,660			10,831


Single Premium Immediate Annuities
Account value, beginning of the period		6,469			6,427			6,404			6,433			6,433			6,482			6,384			6,411			6,528			6,528
Premiums and deposits		93			90			81			106			370			96			77			85			85			343
Surrenders, benefits and product charges		(235	)		(222	)		(235	)		(237	)		(929	)		(250	)		(245	)		(253	)		(256	)		(1,004	)

Net flows		(142	)		(132	)		(154	)		(131	)		(559	)		(154	)		(168	)		(168	)		(171	)		(661	)
Interest credited		75			75			77			78			305			79			80			82			83			324
Effect of accumulated net unrealized investment gains (losses)		40			99			100			24			263			26			186			59			(29	)		242

Account value, end of the period		6,442			6,469			6,427			6,404			6,442			6,433			6,482			6,384			6,411			6,433


Structured Settlements
Account value, net of reinsurance, beginning of the period		1,104			1,106			1,107			1,107			1,107			1,109			1,113			1,113			1,113			1,113
Surrenders, benefits and product charges		(17	)		(17	)		(16	)		(14	)		(64	)		(17	)		(18	)		(14	)		(15	)		(64	)

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

Account value, net of reinsurance, end of the period		1,101			1,104			1,106			1,107			1,101			1,107			1,109			1,113			1,113			1,107

Total Fixed Annuities	$	18,581		$	18,677		$	18,437		$	18,360		$	18,581		$	18,371		$	18,366		$	18,079		$	18,184		$	18,371

Global Mortgage Insurance Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income (Loss)—Global Mortgage Insurance Division

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	393		$	392		$	393		$	384		$	1,562		$	400		$	413		$	410		$	404		$	1,627
Net investment income		104			112			107			120			443			112			132			125			128			497
Net investment gains (losses)		12			—			11			29			52			43			34			6			5			88
Insurance and investment product fees and other		2			—			20			2			24			6			—			6			2			14

Total revenues		511			504			531			535			2,081			561			579			547			539			2,226

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		275			273			289			404			1,241			392			370			633			388			1,783
Acquisition and operating expenses, net of deferrals		(91	)		102			94			93			198			95			106			104			99			404
Amortization of deferred acquisition costs and intangibles		15			18			18			18			69			16			17			19			19			71
Interest expense		9			9			8			10			36			10			9			6			6			31

Total benefits and expenses		208			402			409			525			1,544			513			502			762			512			2,289

INCOME (LOSS) BEFORE INCOME TAXES		303			102			122			10			537			48			77			(215	)		27			(63	)
Provision (benefit) for income taxes		66			11			31			(4	)		104			1			29			(78	)		(24	)		(72	)

NET INCOME (LOSS)		237			91			91			14			433			47			48			(137	)		51			9
Less: net income attributable to noncontrolling interests		98			36			33			33			200			33			36			36			34			139

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		139			55			58			(19	)		233			14			12			(173	)		17			(130	)

ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(8	)		1			(7	)		(17	)		(31	)		(27	)		(23	)		(4	)		(1	)		(55	)

NET OPERATING INCOME (LOSS)⁽¹⁾	$	131		$	56		$	51		$	(36	)	$	202		$	(13	)	$	(11	)	$	(177	)	$	16		$	(185	)


Effective tax rate (operating income (loss))		19.9	%		-3.7	%		21.6	%		41.2	%		8.6	%		64.0	%		-75.5	%		34.3	%		166.5	%		44.7	%

⁽¹⁾	Net operating income (loss) adjusted for foreign exchange as compared to the prior year period for the Global Mortgage Insurance Division was $124 million and $203 million for the three and twelve months ended December 31, 2012, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income (Loss)—Global Mortgage Insurance Division

(amounts in millions)


	International Mortgage Insurance Segment
Three months ended December 31, 2012	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	147		$	101		$	9		$	257		$	136		$	393
Net investment income		47			44			1			92			12			104
Net investment gains (losses)		1			1			(1	)		1			11			12
Insurance and investment product fees and other		—			—			1			1			1			2

Total revenues		195			146			10			351			160			511

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

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

INCOME (LOSS) BEFORE INCOME TAXES		297			74			(11	)		360			(57	)		303
Provision (benefit) for income taxes		84			12			—			96			(30	)		66

NET INCOME (LOSS)		213			62			(11	)		264			(27	)		237
Less: net income attributable to noncontrolling interests		98			—			—			98			—			98

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		115			62			(11	)		166			(27	)		139

ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		—			—			(1	)		(7	)		(8	)


NET OPERATING INCOME (LOSS)	$	114		$	62		$	(11	)	$	165		$	(34	)	$	131


Effective tax rate (operating income (loss))		31.6	%		16.5	%		-5.6	%		28.5	%		49.2	%		19.9	%

	International Mortgage Insurance Segment
Three months ended December 31, 2011	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	153		$	96		$	11		$	260		$	140		$	400
Net investment income		47			46			3			96			16			112
Net investment gains (losses)		—			2			(1	)		1			42			43
Insurance and investment product fees and other		—			1			2			3			3			6

Total revenues		200			145			15			360			201			561

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		61			43			19			123			269			392
Acquisition and operating expenses, net of deferrals		28			24			8			60			35			95
Amortization of deferred acquisition costs and intangibles		9			6			—			15			1			16
Interest expense		6			4			—			10			—			10

Total benefits and expenses		104			77			27			208			305			513

INCOME (LOSS) BEFORE INCOME TAXES		96			68			(12	)		152			(104	)		48
Provision (benefit) for income taxes		23			13			—			36			(35	)		1

NET INCOME (LOSS)		73			55			(12	)		116			(69	)		47
Less: net income attributable to noncontrolling interests		33			—			—			33			—			33

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		40			55			(12	)		83			(69	)		14

ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			(1	)		1			—			(27	)		(27	)

NET OPERATING INCOME (LOSS)	$	40		$	54		$	(11	)	$	83		$	(96	)	$	(13	)


Effective tax rate (operating income (loss))		23.3	%		18.7	%		-1.5	%		23.2	%		33.9	%		64.0	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income (Loss)—Global Mortgage Insurance Division

(amounts in millions)


	International Mortgage Insurance Segment
Twelve months ended December 31, 2012	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	587		$	388		$	41		$	1,016		$	546		$	1,562
Net investment income		187			181			7			375			68			443
Net investment gains (losses)		12			(2	)		6			16			36			52
Insurance and investment product fees and other		—			—			1			1			23			24

Total revenues		786			567			55			1,408			673			2,081

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

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

INCOME (LOSS) BEFORE INCOME TAXES		611			157			(31	)		737			(200	)		537
Provision (benefit) for income taxes		172			17			(1	)		188			(84	)		104

NET INCOME (LOSS)		439			140			(30	)		549			(116	)		433
Less: net income attributable to noncontrolling interests		200			—			—			200			—			200

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		239			140			(30	)		349			(116	)		233

ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(5	)		2			(4	)		(7	)		(24	)		(31	)

NET OPERATING INCOME (LOSS)	$	234		$	142		$	(34	)	$	342		$	(140	)	$	202


Effective tax rate (operating income (loss))		29.9	%		11.3	%		8.8	%		25.1	%		40.7	%		8.6	%

	International Mortgage Insurance Segment
Twelve months ended December 31, 2011	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	619		$	392		$	52		$	1,063		$	564		$	1,627
Net investment income		196			184			13			393			104			497
Net investment gains (losses)		8			34			—			42			46			88
Insurance and investment product fees and other		—			2			7			9			5			14

Total revenues		823			612			72			1,507			719			2,226

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		228			183			47			458			1,325			1,783
Acquisition and operating expenses, net of deferrals		111			93			44			248			156			404
Amortization of deferred acquisition costs and intangibles		39			27			—			66			5			71
Interest expense		23			8			—			31			—			31

Total benefits and expenses		401			311			91			803			1,486			2,289

INCOME (LOSS) BEFORE INCOME TAXES		422			301			(19	)		704			(767	)		(63	)
Provision (benefit) for income taxes		121			83			8			212			(284	)		(72	)

NET INCOME (LOSS)		301			218			(27	)		492			(483	)		9
Less: net income attributable to noncontrolling interests		139			—			—			139			—			139

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		162			218			(27	)		353			(483	)		(130	)

ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(3	)		(22	)		—			(25	)		(30	)		(55	)

NET OPERATING INCOME (LOSS)	$	159		$	196		$	(27	)	$	328		$	(513	)	$	(185	)


Effective tax rate (operating income (loss))		30.0	%		27.2	%		-41.4	%		31.4	%		36.9	%		44.7	%

International Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income—International Mortgage Insurance Segment

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	257		$	256		$	256		$	247		$	1,016		$	260		$	273		$	268		$	262		$	1,063
Net investment income		92			92			94			97			375			96			103			99			95			393
Net investment gains (losses)		1			2			11			2			16			1			32			5			4			42
Insurance and investment product fees and other		1			—			—			—			1			3			—			5			1			9

Total revenues		351			350			361			346			1,408			360			408			377			362			1,507

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		95			99			115			207			516			123			119			107			109			458
Acquisition and operating expenses, net of deferrals		(127	)		62			61			59			55			60			65			63			60			248
Amortization of deferred acquisition costs and intangibles		14			17			16			17			64			15			16			18			17			66
Interest expense		9			9			8			10			36			10			9			6			6			31

Total benefits and expenses		(9	)		187			200			293			671			208			209			194			192			803

INCOME BEFORE INCOME TAXES		360			163			161			53			737			152			199			183			170			704
Provision for income taxes		96			34			45			13			188			36			74			66			36			212

NET INCOME		264			129			116			40			549			116			125			117			134			492
Less: net income attributable to noncontrolling interests		98			36			33			33			200			33			36			36			34			139

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		166			93			83			7			349			83			89			81			100			353

ADJUSTMENT TO NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		1			(7	)		—			(7	)		—			(21	)		(3	)		(1	)		(25	)

NET OPERATING INCOME⁽¹⁾	$	165		$	94		$	76		$	7		$	342		$	83		$	68		$	78		$	99		$	328


Effective tax rate (operating income)		28.5	%		17.6	%		27.4	%		6.8	%		25.1	%		23.2	%		43.1	%		39.7	%		18.1	%		31.4	%

⁽¹⁾	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Mortgage Insurance segment was $158 million and $343 million for the three and twelve months ended December 31, 2012, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q⁽¹⁾			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	147		$	147		$	148		$	145		$	587		$	153		$	153		$	157		$	156		$	619
Net investment income		47			46			47			47			187			47			51			50			48			196
Net investment gains (losses)		1			4			1			6			12			—			3			2			3			8
Insurance and investment product fees and other		—			—			—			—			—			—			—			—			—			—

Total revenues		195			197			196			198			786			200			207			209			207			823

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		46			44			48			55			193			61			57			51			59			228
Acquisition and operating expenses, net of deferrals		(163	)		28			29			26			(80	)		28			27			29			27			111
Amortization of deferred acquisition costs and intangibles		9			10			10			10			39			9			9			11			10			39
Interest expense		6			6			5			6			23			6			5			6			6			23

Total benefits and expenses		(102	)		88			92			97			175			104			98			97			102			401

INCOME BEFORE INCOME TAXES		297			109			104			101			611			96			109			112			105			422
Provision for income taxes		84			29			30			29			172			23			32			47			19			121

NET INCOME		213			80			74			72			439			73			77			65			86			301
Less: net income attributable to noncontrolling interests		98			36			33			33			200			33			36			36			34			139

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		115			44			41			39			239			40			41			29			52			162

ADJUSTMENT TO NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		(2	)		—			(2	)		(5	)		—			(1	)		(1	)		(1	)		(3	)

NET OPERATING INCOME⁽²⁾	$	114		$	42		$	41		$	37		$	234		$	40		$	40		$	28		$	51		$	159


Effective tax rate (operating income)		31.6	%		25.6	%		30.0	%		29.3	%		29.9	%		23.3	%		31.3	%		53.8	%		9.1	%		30.0	%

SALES:
New Insurance Written (NIW)
Flow	$	4,400		$	7,200		$	5,700		$	3,500		$	20,800		$	5,200		$	6,800		$	6,400		$	4,400		$	22,800
Bulk		4,100			2,600			13,100			500			20,300			1,000			600			1,500			1,100			4,200

Total Canada NIW⁽³⁾	$	8,500		$	9,800		$	18,800		$	4,000		$	41,100		$	6,200		$	7,400		$	7,900		$	5,500		$	27,000

⁽¹⁾

⁽²⁾	Net operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $111 million and $235 million for the three and twelve months ended December 31, 2012, respectively.

⁽³⁾	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $8,300 million and $42,100 million for the three and twelve months ended December 31, 2012, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	101		$	98		$	98		$	91		$	388		$	96		$	105		$	98		$	93		$	392
Net investment income		44			44			46			47			181			46			49			46			43			184
Net investment gains (losses)		1			(2	)		4			(5	)		(2	)		2			30			2			—			34
Insurance and investment product fees and other		—			—			—			—			—			1			—			1			—			2

Total revenues		146			140			148			133			567			145			184			147			136			612

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		37			46			53			138			274			43			51			47			42			183
Acquisition and operating expenses, net of deferrals		27			26			23			23			99			24			26			22			21			93
Amortization of deferred acquisition costs and intangibles		5			6			6			7			24			6			7			7			7			27
Interest expense		3			3			3			4			13			4			4			—			—			8

Total benefits and expenses		72			81			85			172			410			77			88			76			70			311


INCOME (LOSS) BEFORE INCOME TAXES		74			59			63			(39	)		157			68			96			71			66			301
Provision (benefit) for income taxes		12			4			16			(15	)		17			13			40			16			14			83

NET INCOME (LOSS)		62			55			47			(24	)		140			55			56			55			52			218
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—			—			—			—			—

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		62			55			47			(24	)		140			55			56			55			52			218

ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			2			(3	)		3			2			(1	)		(20	)		(1	)		—			(22	)

NET OPERATING INCOME (LOSS)⁽¹⁾	$	62		$	57		$	44		$	(21	)	$	142		$	54		$	36		$	54		$	52		$	196


Effective tax rate (operating income (loss))		16.5	%		8.2	%		24.8	%		39.9	%		11.3	%		18.7	%		46.5	%		22.2	%		21.7	%		27.2	%

SALES:
New Insurance Written (NIW)
Flow	$	9,600		$	8,800		$	8,200		$	7,700		$	34,300		$	7,900		$	7,100		$	6,700		$	5,500		$	27,200
Bulk		—			—			300			300			600			1,100			100			2,300			1,000			4,500

Total Australia NIW⁽²⁾	$	9,600		$	8,800		$	8,500		$	8,000		$	34,900		$	9,000		$	7,200		$	9,000		$	6,500		$	31,700

⁽¹⁾	Net operating income for the Australian platform adjusted for foreign exchange as compared to the prior year period was $60 million and $145 million for the three and twelve months ended December 31, 2012, respectively.

⁽²⁾	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $9,400 million and $34,900 million for the three and twelve months ended December 31, 2012, respectively.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	9		$	11		$	10		$	11		$	41		$	11		$	15		$	13		$	13		$	52
Net investment income		1			2			1			3			7			3			3			3			4			13
Net investment gains (losses)		(1	)		—			6			1			6			(1	)		(1	)		1			1			—
Insurance and investment product fees and other		1			—			—			—			1			2			—			4			1			7

Total revenues		10			13			17			15			55			15			17			21			19			72

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		12			9			14			14			49			19			11			9			8			47
Acquisition and operating expenses, net of deferrals		9			8			9			10			36			8			12			12			12			44
Amortization of deferred acquisition costs and intangibles		—			1			—			—			1			—			—			—			—			—
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		21			18			23			24			86			27			23			21			20			91


LOSS BEFORE INCOME TAXES		(11	)		(5	)		(6	)		(9	)		(31	)		(12	)		(6	)		—			(1	)		(19	)
Provision (benefit) for income taxes		—			1			(1	)		(1	)		(1	)		—			2			3			3			8

NET LOSS		(11	)		(6	)		(5	)		(8	)		(30	)		(12	)		(8	)		(3	)		(4	)		(27	)
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—			—			—			—			—

NET LOSS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		(11	)		(6	)		(5	)		(8	)		(30	)		(12	)		(8	)		(3	)		(4	)		(27	)

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

NET OPERATING LOSS⁽¹⁾	$	(11	)	$	(5	)	$	(9	)	$	(9	)	$	(34	)	$	(11	)	$	(8	)	$	(4	)	$	(4	)	$	(27	)


Effective tax rate (operating loss)		-5.6	%		-0.6	%		26.7	%		10.1	%		8.8	%		-1.5	%		-40.9	%		NM	⁽³⁾		-113.4	%		-41.4	%

SALES:
New Insurance Written (NIW)
Flow	$	500		$	400		$	500		$	300		$	1,700		$	400		$	500		$	600		$	500		$	2,000
Bulk		—			—			—			—			—			300			300			300			200			1,100

Total Other Countries NIW⁽²⁾	$	500		$	400		$	500		$	300		$	1,700		$	700		$	800		$	900		$	700		$	3,100

⁽¹⁾	Net operating loss for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $(13) million and $(37) million for the three and twelve months ended December 31, 2012, respectively.

⁽²⁾	New insurance written for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $500 million and $1,800 million for the three and twelve months ended December 31, 2012, respectively.

⁽³⁾	“NM” is defined as not meaningful for percentages greater than 200%.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Net Premiums Written
Canada	$	118		$	176		$	175		$	79		$	548		$	122		$	164		$	155		$	101		$	542
Australia		157			131			103			102			493			104			92			90			61			347
Other Countries⁽¹⁾		—			7			7			6			20			7			5			12			10			34

Total International Net Premiums Written	$	275		$	314		$	285		$	187		$	1,061		$	233		$	261		$	257		$	172		$	923

Loss Ratio⁽²⁾
Canada		31	%		30	%		32	%		38	%		33	%		40	%		36	%		33	%		38	%		37	%
Australia		36	%		47	%		54	%		154	%		70	%		46	%		48	%		48	%		45	%		47	%
Other Countries		133	%		97	%		129	%		128	%		122	%		165	%		85	%		59	%		62	%		91	%
Total International Loss Ratio		37	%		39	%		45	%		84	%		51	%		48	%		43	%		40	%		42	%		43	%

GAAP Basis Expense Ratio⁽³⁾
Canada⁽⁴⁾		-103	%		26	%		26	%		25	%		-7	%		25	%		23	%		25	%		24	%		24	%
Australia		32	%		32	%		30	%		33	%		32	%		30	%		32	%		29	%		30	%		31	%
Other Countries⁽¹⁾		103	%		85	%		82	%		94	%		90	%		68	%		88	%		94	%		87	%		85	%
Total International GAAP Basis Expense Ratio⁽⁴⁾		-43	%		30	%		30	%		31	%		12	%		29	%		30	%		30	%		29	%		30	%

Adjusted Expense Ratio⁽⁵⁾
Canada⁽⁴⁾		-130	%		21	%		22	%		46	%		-7	%		31	%		22	%		25	%		37	%		28	%
Australia		21	%		24	%		29	%		29	%		25	%		28	%		37	%		32	%		46	%		34	%
Other Countries⁽¹⁾		NM	⁽⁶⁾		118	%		131	%		162	%		185	%		108	%		258	%		108	%		114	%		129	%
Total International Adjusted Expense Ratio⁽⁴⁾		-41	%		25	%		27	%		41	%		11	%		32	%		31	%		32	%		45	%		34	%

Primary Insurance In-Force
Canada	$	303,400		$	299,600		$	281,700		$	269,100					$	261,300		$	250,200		$	264,700		$	256,700
Australia		295,600			291,500			286,200			287,100						281,500			264,300			296,200			284,600
Other Countries		32,200			31,900			31,400			33,600						32,600			33,600			37,000			36,200

Total International Primary Insurance In-Force	$	631,200		$	623,000		$	599,300		$	589,800					$	575,400		$	548,100		$	597,900		$	577,500

Primary Risk In-Force⁽⁷⁾
Canada
Flow	$	81,900		$	81,300		$	76,600		$	76,200					$	74,000		$	70,600		$	74,400		$	72,200
Bulk		24,300			23,500			22,000			18,000						17,500			16,900			18,200			17,700

Total Canada		106,200			104,800			98,600			94,200						91,500			87,500			92,600			89,900

Australia
Flow		94,800			93,100			90,600			90,600						88,700			83,300			93,200			90,000
Bulk		8,700			9,000			9,600			9,900						9,800			9,200			10,500			9,600

Total Australia		103,500			102,100			100,200			100,500						98,500			92,500			103,700			99,600

Other Countries
Flow⁽¹⁾		4,000			3,900			3,900			4,200						4,100			4,400			4,800			4,700
Bulk		300			400			400			400						400			400			500			500

Total Other Countries		4,300			4,300			4,300			4,600						4,500			4,800			5,300			5,200

Total International Primary Risk In-Force	$	214,000		$	211,200		$	203,100		$	199,300					$	194,500		$	184,800		$	201,600		$	194,700

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

⁽¹⁾

Includes the impact of settlements and cancelled insurance contracts, primarily with lenders in Europe. Primary flow risk in-force excludes $213 million, $183 million, $154 million, $134 million, $114 million and $92 million of risk in-force in Europe ceded under quota share reinsurance agreements as of December 31, 2012, September 30, 2012, June 30, 2012, March 31, 2012, December 31, 2011 and September 30, 2011, respectively.

⁽²⁾

The ratio of incurred losses and loss adjustment expense to net earned premiums. In determining the pricing of the mortgage insurance products, the company develops a pricing loss ratio which uses industry and company loss experience over a number of years, which incorporate both favorable and unfavorable economic environments, differing coverage levels and varying capital requirements. Actual results may vary from pricing loss ratios for a number of reasons, which include differing economic conditions and actual individual product and lender performance. New business pricing loss ratios for the international businesses were as follows for all periods: Canada 35%-40%, Australia 25%-35% and Europe 40%-45%.

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

⁽⁴⁾

Effective January 1, 2013, the Government Guarantee Agreement and all obligations under it, including the requirement for a government guarantee fund and payment of exit fees related to it, was terminated. As a result, in the fourth quarter of 2012, acquisition and operating expenses, net of deferrals, for the Canadian platform included a favorable adjustment of $186 million associated with the reversal of the accrued liability for exit fees. For the three and twelve months ended December 31, 2012, excluding the exit fee adjustment, the GAAP basis expense ratios for the Canadian platform were 22% and 25%, respectively, and the adjusted expense ratios for the Canadian platform were 28% and 27%, respectively. For the three and twelve months ended December 31, 2012, excluding the exit fee adjustment, the GAAP basis expense ratios for the International Mortgage Insurance segment were 29% and 30%, respectively, and the adjusted expense ratios for the International Mortgage Insurance segment were 27% and 29%, respectively.

⁽⁵⁾	The ratio of an insurer’s general expenses to net premiums written. In the business, general expenses consist of acquisition and operating expenses, net of deferrals, and amortization of DAC and intangibles.

⁽⁶⁾	“NM” is defined as not meaningful for percentages greater than 200%.

⁽⁷⁾

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Selected Key Performance Measures—International Mortgage Insurance Segment—Canada

(dollar amounts in millions)


Primary Insurance	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011
Insured loans in-force		1,502,858			1,483,111			1,452,408			1,371,140			1,362,092
Insured delinquent loans		2,153			2,183			2,408			2,623			2,752
Insured delinquency rate		0.14	%		0.15	%		0.17	%		0.19	%		0.20	%

Flow loans in-force		1,126,468			1,112,910			1,091,543			1,074,281			1,064,942
Flow delinquent loans		1,924			1,943			2,125			2,335			2,477
Flow delinquency rate		0.17	%		0.17	%		0.19	%		0.22	%		0.23	%

Bulk loans in-force		376,390			370,201			360,865			296,859			297,150
Bulk delinquent loans		229			240			283			288			275
Bulk delinquency rate		0.06	%		0.06	%		0.08	%		0.10	%		0.09	%

Loss Metrics	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011
Beginning Reserves	$	136		$	141		$	149		$	161		$	142
Paid claims⁽¹⁾		(52	)		(54	)		(54	)		(62	)		(64	)
Increase in reserves		40			44			48			55			82
Impact of changes in foreign exchange rates		6			5			(2	)		(5	)		1

Ending Reserves	$	130		$	136		$	141		$	149		$	161


	December 31, 2012						September 30, 2012						December 31, 2011
Province and Territory	% of Primary Risk In-Force			Primary Delinquency Rate			% of Primary Risk In-Force			Primary Delinquency Rate			% of Primary Risk In-Force			Primary Delinquency Rate
Ontario		46	%		0.09	%		46	%		0.09	%		46	%		0.12	%
British Columbia		16			0.18	%		16			0.18	%		16			0.28	%
Alberta		16			0.22	%		16			0.24	%		16			0.40	%
Quebec		14			0.19	%		14			0.20	%		15			0.22	%
Nova Scotia		2			0.20	%		2			0.18	%		2			0.23	%
Saskatchewan		2			0.11	%		2			0.13	%		2			0.14	%
Manitoba		2			0.07	%		2			0.07	%		1			0.08	%
New Brunswick		1			0.21	%		1			0.22	%		1			0.29	%
All Other		1			0.09	%		1			0.12	%		1			0.09	%

Total		100	%		0.14	%		100	%		0.15	%		100	%		0.20	%


By Policy Year
2004 and prior		22	%		0.03	%		23	%		0.03	%		25	%		0.04	%
2005		7			0.09	%		7			0.08	%		8			0.13	%
2006		8			0.16	%		8			0.18	%		9			0.25	%
2007		16			0.24	%		16			0.26	%		18			0.38	%
2008		9			0.31	%		10			0.35	%		11			0.52	%
2009		6			0.29	%		6			0.30	%		7			0.34	%
2010		9			0.29	%		10			0.27	%		11			0.20	%
2011		9			0.18	%		9			0.14	%		11			0.05	%
2012		14			0.02	%		11			0.01	%		—			—	%

Total		100	%		0.14	%		100	%		0.15	%		100	%		0.20	%

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Selected Key Performance Measures—International Mortgage Insurance Segment—Canada

(Canadian dollar amounts in millions)


	2012														2011
	4Q			3Q			2Q			1Q			Total		4Q			3Q			2Q			1Q			Total
Paid Claims⁽¹⁾
Flow	$	49		$	52		$	52		$	62		$	215	$	62		$	70		$	75		$	64		$	271
Bulk		2			2			2			2			8		3			2			2			1			8

Total Paid Claims	$	51		$	54		$	54		$	64		$	223	$	65		$	72		$	77		$	65		$	279

Average Paid Claim (in thousands)	$	84.6		$	80.9		$	76.7		$	73.0				$	80.6		$	80.5		$	82.3		$	77.0

Average Reserve Per Delinquency (in thousands)	$	60.1		$	61.1		$	59.4		$	56.6				$	57.7		$	51.5		$	51.0		$	56.2

Loss Metrics

Beginning Reserves	$	134		$	143		$	148		$	164				$	148		$	167		$	194		$	200
Paid claims		(51	)		(54	)		(54	)		(64	)				(65	)		(72	)		(77	)		(65	)
Increase in reserves		46			45			49			48					81			53			50			59

Ending Reserves	$	129		$	134		$	143		$	148				$	164		$	148		$	167		$	194

Loan Amount

Over $550K		5	%		5	%		5	%		5	%				4	%		4	%		4	%		4	%
$400K to $550K		9			9			9			8					8			8			8			8
$250K to $400K		31			30			30			30					30			30			29			29
$100K to $250K		49			50			50			51					52			52			52			52
$100K or Less		6			6			6			6					6			6			7			7

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

Average Primary Loan Size (in thousands)	$	201		$	199		$	197		$	196				$	195		$	194		$	192		$	191

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

2006 and prior		40	%		40	%		41	%		42	%				44	%
2007		68	%		69	%		69	%		71	%				72	%
2008		73	%		73	%		74	%		76	%				76	%
2009		75	%		75	%		76	%		78	%				79	%
2010		82	%		82	%		83	%		85	%				86	%
2011		88	%		88	%		88	%		91	%				91	%
2012		92	%		91	%		91	%		—	%				—	%
Total Flow		56	%		56	%		56	%		57	%				58	%

Total Bulk		29	%		29	%		26	%		28	%				29	%

Total		50	%		50	%		50	%		51	%				52	%

All amounts presented in Canadian dollars.

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

⁽²⁾

Loan amounts (including capitalized premiums) reflect interest rates at time of loan origination and estimated scheduled principal repayments since loan origination. Home price estimates based on regional home price appreciation/depreciation data from the Canadian Real Estate Association. All data used in the effective loan-to-value ratio calculation reflects conditions as of the end of the previous quarter.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Selected Key Performance Measures—International Mortgage Insurance Segment—Australia

(dollar amounts in millions)


Primary Insurance	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011
Insured loans in-force		1,440,719			1,440,397			1,449,648			1,442,867			1,437,380
Insured delinquent loans		5,851			6,791			7,527			7,837			7,874
Insured delinquency rate		0.41	%		0.47	%		0.52	%		0.54	%		0.55	%

Flow loans in-force		1,311,052			1,306,316			1,304,944			1,295,907			1,289,200
Flow delinquent loans		5,567			6,475			7,253			7,559			7,626
Flow delinquency rate		0.42	%		0.50	%		0.56	%		0.58	%		0.59	%

Bulk loans in-force		129,667			134,081			144,704			146,960			148,180
Bulk delinquent loans		284			316			274			278			248
Bulk delinquency rate		0.22	%		0.24	%		0.19	%		0.19	%		0.17	%

Loss Metrics	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011
Beginning Reserves	$	287		$	320		$	342		$	272		$	247
Paid claims		(73	)		(83	)		(72	)		(69	)		(32	)
Increase in reserves		37			46			53			138			44
Impact of changes in foreign exchange rates		—			4			(3	)		1			13

Ending Reserves	$	251		$	287		$	320		$	342		$	272


	December 31, 2012						September 30, 2012						December 31, 2011
State and Territory	% of Primary Risk In-Force			Primary Delinquency Rate			% of Primary Risk In-Force			Primary Delinquency Rate			% of Primary Risk In-Force			Primary Delinquency Rate
New South Wales		30	%		0.39	%		30	%		0.45	%		31	%		0.55	%
Victoria		23			0.31	%		23			0.34	%		23			0.37	%
Queensland		23			0.57	%		23			0.69	%		22			0.81	%
Western Australia		11			0.38	%		11			0.46	%		11			0.56	%
South Australia		6			0.46	%		6			0.51	%		6			0.51	%
New Zealand		2			0.55	%		2			0.64	%		2			0.93	%
Australian Capital Territory		2			0.08	%		2			0.11	%		2			0.10	%
Tasmania		2			0.39	%		2			0.41	%		2			0.38	%
Northern Territory		1			0.15	%		1			0.18	%		1			0.25	%

Total		100	%		0.41	%		100	%		0.47	%		100	%		0.55	%

By Policy Year
2004 and prior		22	%		0.12	%		23	%		0.13	%		25	%		0.14	%
2005		7			0.43	%		7			0.52	%		8			0.54	%
2006		9			0.65	%		10			0.72	%		11			0.81	%
2007		10			0.87	%		11			0.96	%		12			1.18	%
2008		10			1.01	%		10			1.19	%		12			1.40	%
2009		12			0.69	%		12			0.80	%		13			0.80	%
2010		9			0.32	%		9			0.34	%		9			0.21	%
2011		9			0.16	%		9			0.15	%		10			0.03	%
2012		12			0.02	%		9			0.02	%		—			—	%

Total		100	%		0.41	%		100	%		0.47	%		100	%		0.55	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Selected Key Performance Measures—International Mortgage Insurance Segment—Australia

(Australian dollar amounts in millions)


	2012														2011
	4Q			3Q			2Q			1Q			Total		4Q			3Q			2Q			1Q			Total
Paid Claims
Flow	$	70		$	79		$	70		$	66		$	285	$	30		$	25		$	29		$	26		$	110
Bulk		1			1			—			—			2		1			—			1			—			2

Total Paid Claims	$	71		$	80		$	70		$	66		$	287	$	31		$	25		$	30		$	26		$	112


Average Paid Claim (in thousands)	$	80.9		$	83.5		$	91.2		$	77.1				$	64.6		$	62.4		$	75.9		$	71.2

Average Reserve Per Delinquency (in thousands)	$	41.2		$	40.8		$	41.5		$	42.2				$	33.7		$	30.0		$	28.2		$	28.5

Loss Metrics

Beginning Reserves	$	277		$	312		$	331		$	266				$	255		$	232		$	216		$	201
Paid claims		(71	)		(80	)		(70	)		(66	)				(31	)		(25	)		(30	)		(26	)
Increase in reserves		35			45			51			131					42			48			46			41

Ending Reserves	$	241		$	277		$	312		$	331				$	266		$	255		$	232		$	216

Loan Amount

Over $550K		12	%		11	%		11	%		11	%				11	%		11	%		11	%		11	%
$400K to $550K		16			16			16			15					15			15			14			14
$250K to $400K		37			37			36			36					36			36			36			36
$100K to $250K		29			30			30			31					31			31			32			32
$100K or Less		6			6			7			7					7			7			7			7

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


Average Primary Loan Size (in thousands)	$	197		$	195		$	193		$	192				$	191		$	191		$	190		$	189

Average Effective Loan-To-Value Ratios By Policy Year⁽¹⁾

2006 and prior		48	%		49	%		49	%		48	%				49	%
2007		68	%		69	%		69	%		67	%				68	%
2008		76	%		77	%		77	%		74	%				74	%
2009		79	%		80	%		80	%		78	%				79	%
2010		85	%		86	%		86	%		85	%				85	%
2011		87	%		88	%		88	%		86	%				86	%
2012		85	%		86	%		86	%		—	%				—	%
Total Flow		68	%		68	%		68	%		66	%				66	%

Total Bulk		38	%		38	%		38	%		38	%				37	%

Total		65	%		65	%		65	%		63	%				62	%

All amounts presented in Australian dollars.

⁽¹⁾

Loan amounts (including capitalized premiums) reflect interest rates at time of loan origination and estimated scheduled principal repayments since loan origination. Home price estimates based on regional home price appreciation/depreciation data from RP Data (except Tasmania which is from the Australian Bureau of Statistics prior to 2Q12). All data used in the effective loan-to-value ratio calculation reflects conditions as of the end of the previous quarter. Effective loan-to-value ratios exclude New Zealand and inward reinsurance policies.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)


Risk In-Force by Loan-To-Value Ratio⁽¹⁾	December 31, 2012						September 30, 2012
	Primary		Flow		Bulk		Primary		Flow		Bulk
Canada
95.01% and above	$	36,229	$	36,229	$	—	$	35,760	$	35,760	$	—
90.01% to 95.00%		25,868		25,865		3		25,825		25,822		3
80.01% to 90.00%		19,226		16,685		2,541		18,911		16,681		2,229
80.00% and below		24,856		3,078		21,779		24,353		3,056		21,297

Total Canada	$	106,179	$	81,856	$	24,322	$	104,849	$	81,319	$	23,529

Australia
95.01% and above	$	18,930	$	18,929	$	1	$	18,192	$	18,191	$	1
90.01% to 95.00%		23,348		23,340		8		22,536		22,528		8
80.01% to 90.00%		26,651		26,562		89		26,306		26,214		91
80.00% and below		34,521		25,923		8,598		35,008		26,138		8,870

Total Australia	$	103,449	$	94,754	$	8,696	$	102,042	$	93,072	$	8,970

Other Countries⁽²⁾
95.01% and above	$	737	$	737	$	—	$	737	$	737	$	—
90.01% to 95.00%		2,063		2,003		60		2,023		1,961		62
80.01% to 90.00%		1,284		1,020		264		1,283		1,010		273
80.00% and below		251		216		35		249		213		36

Total Other Countries	$	4,334	$	3,975	$	360	$	4,293	$	3,921	$	372

Amounts may not total due to rounding.

⁽¹⁾	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.

⁽²⁾	Other Countries flow and primary risk in-force exclude $213 million and $183 million of risk in-force in Europe ceded under quota share reinsurance agreements as of December 31, 2012 and September 30, 2012, respectively.

U.S. Mortgage Insurance Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	136		$	136		$	137		$	137		$	546		$	140		$	140		$	142		$	142		$	564
Net investment income		12			20			13			23			68			16			29			26			33			104
Net investment gains (losses)		11			(2	)		—			27			36			42			2			1			1			46
Insurance and investment product fees and other		1			—			20			2			23			3			—			1			1			5

Total revenues		160			154			170			189			673			201			171			170			177			719

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		180			174			174			197			725			269			251			526			279			1,325
Acquisition and operating expenses, net of deferrals		36			40			33			34			143			35			41			41			39			156
Amortization of deferred acquisition costs and intangibles		1			1			2			1			5			1			1			1			2			5

Total benefits and expenses		217			215			209			232			873			305			293			568			320			1,486

LOSS BEFORE INCOME TAXES		(57	)		(61	)		(39	)		(43	)		(200	)		(104	)		(122	)		(398	)		(143	)		(767	)
Benefit for income taxes		(30	)		(23	)		(14	)		(17	)		(84	)		(35	)		(45	)		(144	)		(60	)		(284	)

NET LOSS		(27	)		(38	)		(25	)		(26	)		(116	)		(69	)		(77	)		(254	)		(83	)		(483	)

ADJUSTMENT TO NET LOSS:
Net investment (gains) losses, net of taxes and other adjustments		(7	)		—			—			(17	)		(24	)		(27	)		(2	)		(1	)		—			(30	)

NET OPERATING LOSS	$	(34	)	$	(38	)	$	(25	)	$	(43	)	$	(140	)	$	(96	)	$	(79	)	$	(255	)	$	(83	)	$	(513	)


Effective tax rate (operating loss)		49.2	%		37.2	%		37.0	%		37.4	%		40.7	%		33.9	%		37.2	%		36.0	%		42.2	%		36.9	%

SALES:
New Insurance Written (NIW)
Flow	$	5,100		$	4,700		$	3,600		$	3,000		$	16,400		$	3,200		$	2,700		$	1,900		$	2,000		$	9,800
Bulk		—			—			—			—			—			—			—			—			400			400

Total U.S. Mortgage Insurance NIW	$	5,100		$	4,700		$	3,600		$	3,000		$	16,400		$	3,200		$	2,700		$	1,900		$	2,400		$	10,200

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Other Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Net Premiums Written	$	139		$	132		$	139		$	142		$	552		$	143		$	143		$	145		$	142		$	573

New Risk Written
Flow	$	1,188		$	1,130		$	843		$	688		$	3,849		$	710		$	653		$	461		$	439		$	2,263
Bulk		—			—			—			7			7			1			—			—			27			28

Total Primary		1,188			1,130			843			695			3,856			711			653			461			466			2,291
Pool		—			—			—			—			—			—			—			—			—			—

Total New Risk Written	$	1,188		$	1,130		$	843		$	695		$	3,856		$	711		$	653		$	461		$	466		$	2,291


Primary Insurance In-Force	$	110,000		$	111,100		$	112,000		$	113,800					$	116,500		$	119,200		$	120,900		$	123,300

Risk In-Force
Flow	$	25,716		$	25,849		$	25,887		$	26,137					$	26,660		$	27,206		$	27,489		$	27,984
Bulk⁽¹⁾		491			507			514			520						520			534			540			559

Total Primary		26,207			26,356			26,401			26,657						27,180			27,740			28,029			28,543
Pool		211			221			229			239						249			271			278			288

Total Risk In-Force	$	26,418		$	26,577		$	26,630		$	26,896					$	27,429		$	28,011		$	28,307		$	28,831


Primary Risk In-Force Subject To Captives		14	%		15	%		27	%		31	%					33	%		36	%		38	%		41	%

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

GAAP Basis Expense Ratio⁽²⁾		27	%		30	%		26	%		26	%		27	%		26	%		30	%		29	%		29	%		29	%

Adjusted Expense Ratio⁽³⁾		27	%		31	%		25	%		25	%		27	%		26	%		30	%		29	%		29	%		28	%

Flow Persistency		79	%		81	%		82	%		81	%					81	%		86	%		86	%		86	%

Gross Written Premiums Ceded To Captives/Total Direct Written Premiums		5	%		8	%		10	%		12	%					13	%		14	%		15	%		17	%

Risk To Capital Ratio⁽⁴⁾		30.4:1			29.8:1			29.5:1			28.6:1						28.8:1			27.5:1			25.0:1			25.0:1

Average Primary Loan Size (in thousands)	$	167		$	166		$	165		$	164					$	163		$	163		$	162		$	162

Estimated Savings For Loss Mitigation Activities⁽⁵⁾	$	165		$	189		$	162		$	158		$	674		$	147		$	168		$	130		$	122		$	567

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

⁽¹⁾	As of December 31, 2012, 83% of our bulk risk-in force was related to loans financed by lenders who participated in the mortgage programs sponsored by the Federal Home Loan Banks.

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

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

⁽⁴⁾

Certain states limit a private mortgage insurer’s risk in-force to 25 times the total of the insurer’s policyholders’ surplus plus the statutory contingency reserve, commonly known as the “risk to capital” requirement. The U.S. mortgage insurance business maintains new business writing flexibility in all states, supported by risk-to-capital waivers or existing authority to write new business in 44 states in its primary writing entity, with the remaining six states written out of other available entities. The current period risk to capital ratio is an estimate due to the timing of the filing of statutory statements and is prepared consistent with the presentation of the statutory financial statements in the combined annual statement of the U.S. mortgage insurance business.

⁽⁵⁾

Loss mitigation activities include rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled pre-sales, claims administration and other loan workouts. Estimated savings for rescissions represent the reduction in carried loss reserves, net of premium refunds and reinstatement of prior rescissions. Estimated savings for loan modifications and other cure related loss mitigation actions represent the reduction in carried loss reserves. For non-cure related actions, including pre-sales, the estimated savings represent the difference between the full claim obligation and the actual amount paid.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Loss Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Paid Claims
Flow
Direct	$	260		$	272		$	295		$	283		$	1,110		$	240		$	256		$	239		$	315		$	1,050
Assumed⁽¹⁾		17			19			23			20			79			26			25			32			30			113
Ceded		(19	)		(25	)		(55	)		(39	)		(138	)		(45	)		(39	)		(83	)		(109	)		(276	)
Loss adjustment expenses		8			7			7			9			31			10			11			11			13			45

Total Flow		266			273			270			273			1,082			231			253			199			249			932
Bulk		3			3			6			4			16			6			(2	)		3			3			10

Total Primary		269			276			276			277			1,098			237			251			202			252			942
Pool		2			1			2			2			7			1			1			1			1			4

Total Paid Claims	$	271		$	277		$	278		$	279		$	1,105		$	238		$	252		$	203		$	253		$	946

Average Paid Claim (in thousands)	$	43.7		$	41.1		$	38.3		$	43.6					$	41.0		$	46.9		$	40.8		$	39.7

Average Direct Paid Claim (in thousands)⁽²⁾	$	43.2		$	41.7		$	42.5		$	42.7					$	43.2		$	49.1		$	49.7		$	50.8

Average Reserve Per Delinquency (in thousands)
Flow	$	29.7		$	30.0		$	30.6		$	30.6					$	29.1		$	28.8		$	29.2		$	25.4
Bulk loans with established reserve		25.1			24.3			25.0			24.1						24.2			24.0			23.7			19.9
Bulk loans with no reserve⁽³⁾		—			—			—			—						—			—			—			—
Reserves:
Flow direct case	$	1,728		$	1,835		$	1,954		$	2,087					$	2,199		$	2,227		$	2,256		$	1,995
Bulk direct case		33			33			32			34						36			36			35			34
Assumed⁽¹⁾		65			50			53			60						60			64			64			67
All other⁽⁴⁾		183			196			195			200						193			159			151			124

Total Reserves	$	2,009		$	2,114		$	2,234		$	2,381					$	2,488		$	2,486		$	2,506		$	2,220


Beginning Reserves	$	2,114		$	2,234		$	2,381		$	2,488		$	2,488		$	2,486		$	2,506		$	2,220		$	2,282		$	2,282
Paid claims		(290	)		(302	)		(333	)		(318	)		(1,243	)		(282	)		(292	)		(286	)		(362	)		(1,222	)
Increase in reserves		185			182			186			211			764			284			272			572			300			1,428

Ending Reserves	$	2,009		$	2,114		$	2,234		$	2,381		$	2,009		$	2,488		$	2,486		$	2,506		$	2,220		$	2,488


Beginning Reinsurance Recoverable⁽⁵⁾	$	94		$	111		$	153		$	178		$	178		$	207		$	226		$	264		$	351		$	351
Ceded paid claims		(19	)		(25	)		(55	)		(39	)		(138	)		(44	)		(40	)		(83	)		(109	)		(276	)
Increase in recoverable		5			8			13			14			40			15			21			45			22			103

Ending Reinsurance Recoverable	$	80		$	94		$	111		$	153		$	80		$	178		$	207		$	226		$	264		$	178

Loss Ratio⁽⁶⁾		131	%		129	%		127	%		144	%		133	%		189	%		181	%		369	%		197	%		234	%

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

⁽¹⁾	Assumed is comprised of reinsurance arrangements with state governmental housing finance agencies.

⁽²⁾	Average direct paid claim excludes loss adjustment expenses, the impact of reinsurance and a negotiated servicer settlement.

⁽³⁾	Reserves were not established on loans where the company was in a secondary loss position due to an existing deductible and the company believes currently have no risk for claim.

⁽⁴⁾	Other includes loss adjustment expenses, pool and incurred but not reported reserves.

⁽⁵⁾	Reinsurance recoverable excludes ceded unearned premium recoveries and amounts for which cash proceeds have not yet been received.

⁽⁶⁾

The ratio of incurred losses to net earned premiums. Excluding the lender portfolio settlement in the first quarter of 2012, the loss ratio was 137% for the three months ended March 31, 2012, 132% for the six months ended June 30, 2012, 131% for the nine months ended September 30, 2012 and 131% for the twelve months ended December 31,2012.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Delinquency Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Number of Primary Delinquencies
Flow		66,340			69,174			71,878			76,478						83,931			84,910			84,442			85,758
Bulk loans with an established reserve		1,415			1,441			1,381			1,522						1,592			1,604			1,569			1,814
Bulk loans with no reserve⁽¹⁾		1,484			1,512			1,424			1,474						1,484			1,506			1,453			1,446

Total Number of Primary Delinquencies		69,239			72,127			74,683			79,474						87,007			88,020			87,464			89,018

Beginning Number of Primary Delinquencies		72,127			74,683			79,474			87,007			87,007			88,020			87,464			89,018			95,395			95,395
New delinquencies		16,871			17,733			16,703			18,217			69,524			22,094			23,493			21,272			23,866			90,725
Delinquency cures		(13,592	)		(13,598	)		(14,251	)		(19,388	)		(60,829	)		(17,357	)		(17,595	)		(17,908	)		(23,908	)		(76,768	)
Paid claims		(6,167	)		(6,691	)		(7,243	)		(6,362	)		(26,463	)		(5,750	)		(5,342	)		(4,918	)		(6,335	)		(22,345	)

Ending Number of Primary Delinquencies		69,239			72,127			74,683			79,474			69,239			87,007			88,020			87,464			89,018			87,007

Composition of Cures
Reported delinquent and cured-intraquarter		2,557			2,882			2,354			3,582						2,851			3,181			2,670			5,195
Number of missed payments delinquent prior to cure:
3 payments or less		7,120			6,289			7,399			10,154						8,835			8,520			8,953			11,454
4 - 11 payments		2,516			2,965			3,371			3,569						3,408			3,584			4,146			5,183
12 payments or more		1,399			1,462			1,127			2,083						2,263			2,310			2,139			2,076

Total		13,592			13,598			14,251			19,388						17,357			17,595			17,908			23,908

Primary Delinquencies by Missed Payment Status
3 payments or less		17,563			17,684			16,708			17,260						22,165			22,444			21,125			20,920
4 - 11 payments		18,155			18,713			20,830			24,137						25,334			25,055			26,969			31,070
12 payments or more		33,521			35,730			37,145			38,077						39,508			40,521			39,370			37,028

Primary Delinquencies		69,239			72,127			74,683			79,474						87,007			88,020			87,464			89,018



	December 31, 2012
Flow Delinquencies and Percentage Reserved by Payment Status	Delinquencies			Direct Case Reserves⁽²⁾			Risk In-Force			Reserves as % of Risk In-Force
3 payments or less in default		16,977		$	150		$	668			22	%
4 - 11 payments in default		17,398			441			749			59	%
12 payments or more in default		31,965			1,137			1,562			73	%

Total		66,340		$	1,728		$	2,979			58	%


	December 31, 2011
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		21,272		$	193		$	835			23	%
4 - 11 payments in default		24,493			646			1,075			60	%
12 payments or more in default		38,166			1,360			1,870			73	%

Total		83,931		$	2,199		$	3,780			58	%

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

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment


	2012												2011
	4Q			3Q			2Q			1Q			4Q			3Q			2Q			1Q
Risk In-Force by Credit Quality⁽¹⁾
Primary by FICO Scores >679⁽²⁾		75	%		74	%		73	%		72	%		72	%		71	%		71	%		70	%
Primary by FICO Scores 620-679		20	%		21	%		22	%		23	%		24	%		25	%		25	%		26	%
Primary by FICO Scores 575-619		4	%		4	%		4	%		4	%		4	%		4	%		4	%		4	%
Primary by FICO Scores <575		1	%		1	%		1	%		1	%		0	%		0	%		0	%		0	%

Flow by FICO Scores >679⁽²⁾		75	%		74	%		73	%		72	%		72	%		71	%		71	%		70	%
Flow by FICO Scores 620-679		20	%		21	%		22	%		23	%		24	%		25	%		25	%		26	%
Flow by FICO Scores 575-619		4	%		4	%		4	%		4	%		4	%		4	%		4	%		4	%
Flow by FICO Scores <575		1	%		1	%		1	%		1	%		0	%		0	%		0	%		0	%

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

Primary A minus		4	%		4	%		4	%		4	%		5	%		5	%		5	%		5	%
Primary sub-prime^{(2), (3)}		3	%		3	%		3	%		3	%		3	%		3	%		3	%		3	%

Primary Loans
Primary loans in-force		658,527			669,618			679,817			693,807			714,467			733,383			746,740			763,439
Primary delinquent loans		69,239			72,127			74,683			79,474			87,007			88,020			87,464			89,018
Primary delinquency rate		10.51	%		10.77	%		10.99	%		11.45	%		12.18	%		12.00	%		11.71	%		11.66	%

Flow loans in-force		595,348			601,851			607,133			616,623			633,246			648,242			658,251			673,276
Flow delinquent loans		66,340			69,174			71,878			76,478			83,931			84,910			84,442			85,758
Flow delinquency rate		11.14	%		11.49	%		11.84	%		12.40	%		13.25	%		13.10	%		12.83	%		12.74	%

Bulk loans in-force		63,179			67,767			72,684			77,184			81,221			85,141			88,489			90,163
Bulk delinquent loans		2,899			2,953			2,805			2,996			3,076			3,110			3,022			3,260
Bulk delinquency rate		4.59	%		4.36	%		3.86	%		3.88	%		3.79	%		3.65	%		3.42	%		3.62	%

A minus and sub-prime loans in-force⁽²⁾		46,631			48,696			50,676			52,625			54,713			56,765			58,510			60,316
A minus and sub-prime delinquent loans		12,817			13,149			13,534			14,258			16,038			16,373			16,351			16,633
A minus and sub-prime delinquency rate		27.49	%		27.00	%		26.71	%		27.09	%		29.31	%		28.84	%		27.95	%		27.58	%

Pool Loans
Pool loans in-force		12,949			13,237			13,562			13,942			14,418			16,574			16,943			17,421
Pool delinquent loans		721			670			679			695			778			957			931			913
Pool delinquency rate		5.57	%		5.06	%		5.01	%		4.98	%		5.40	%		5.77	%		5.49	%		5.24	%

⁽¹⁾	Loans with unknown FICO scores are included in the 620-679 category.

⁽²⁾

In the fourth quarter 2012, all FICO score classifications were conformed to be based upon FICO scores at loan closing. Previously, certain classifications were based upon FICO scores at a point in time post-loan closing. All prior periods have been re-presented to conform to this modified classification.

⁽³⁾	Excludes loans classified as A minus.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment


	December 31, 2012									September 30, 2012									December 31, 2011
	% of Total Reserves⁽¹⁾			% of Primary Risk In-Force			Primary Delinquency Rate			% of Total Reserves⁽¹⁾			% of Primary Risk In-Force			Primary Delinquency Rate			% of Total Reserves⁽¹⁾			% of Primary Risk In-Force			Primary Delinquency Rate
By Region
Southeast⁽²⁾		35	%		21	%		14.69	%		35	%		22	%		15.14	%		35	%		22	%		17.10	%
South Central⁽³⁾		9			15			7.71	%		9			16			8.10	%		11			16			10.15	%
Northeast⁽⁴⁾		16			15			13.32	%		15			15			12.91	%		12			14			12.80	%
Pacific⁽⁵⁾		12			12			9.72	%		12			11			10.41	%		13			11			12.52	%
North Central⁽⁶⁾		11			12			9.81	%		12			12			10.27	%		12			12			11.89	%
Great Lakes⁽⁷⁾		6			9			7.78	%		6			9			7.96	%		7			9			9.00	%
New England⁽⁸⁾		4			6			9.63	%		4			5			9.77	%		3			5			10.59	%
Mid-Atlantic⁽⁹⁾		4			5			9.87	%		4			5			9.95	%		4			5			10.73	%
Plains⁽¹⁰⁾		3			5			6.62	%		3			5			6.64	%		3			6			7.87	%

Total		100	%		100	%		10.51	%		100	%		100	%		10.77	%		100	%		100	%		12.18	%


By State
Florida		25	%		7	%		26.24	%		25	%		7	%		27.06	%		24	%		7	%		29.30	%
Texas		3	%		7	%		6.86	%		3	%		7	%		6.91	%		3	%		7	%		8.34	%
New York		7	%		7	%		11.85	%		6	%		7	%		11.27	%		5	%		7	%		10.66	%
California		5	%		6	%		7.25	%		5	%		6	%		8.04	%		6	%		6	%		10.86	%
Illinois		8	%		5	%		14.29	%		8	%		5	%		14.84	%		8	%		5	%		16.70	%
New Jersey		6	%		4	%		19.44	%		6	%		4	%		18.98	%		5	%		4	%		19.07	%
Pennsylvania		3	%		4	%		11.23	%		3	%		4	%		11.15	%		2	%		4	%		11.85	%
North Carolina		3	%		4	%		9.99	%		3	%		4	%		10.26	%		3	%		4	%		11.89	%
Georgia		3	%		4	%		11.88	%		3	%		4	%		12.34	%		4	%		4	%		14.79	%
Ohio		2	%		3	%		8.03	%		2	%		3	%		8.14	%		2	%		3	%		8.73	%

⁽¹⁾	Total reserves were $2,009 million, $2,114 million and $2,488 million as of December 31, 2012, September 30, 2012 and December 31, 2011, respectively.

⁽²⁾	Alabama, Arkansas, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee.

⁽³⁾	Arizona, Colorado, Louisiana, New Mexico, Oklahoma, Texas and Utah.

⁽⁴⁾	New Jersey, New York and Pennsylvania.

⁽⁵⁾	Alaska, California, Hawaii, Nevada, Oregon and Washington.

⁽⁶⁾	Illinois, Minnesota, Missouri and Wisconsin.

⁽⁷⁾	Indiana, Kentucky, Michigan and Ohio.

⁽⁸⁾	Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

⁽⁹⁾	Delaware, Maryland, Virginia, Washington D.C. and West Virginia.

⁽¹⁰⁾	Idaho, Iowa, Kansas, Montana, Nebraska, North Dakota, South Dakota and Wyoming.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(amounts in millions)


	December 31, 2012					September 30, 2012					December 31, 2011
	Primary Risk In-Force		Primary Delinquency Rate			Primary Risk In-Force		Primary Delinquency Rate			Primary Risk In-Force		Primary Delinquency Rate
Lender concentration (by original applicant)	$	26,207		10.51	%	$	26,356		10.77	%	$	27,180		12.18	%
Top 10 lenders		12,835		12.69	%		12,950		13.07	%		13,355		15.49	%
Top 20 lenders		14,521		12.40	%		14,692		12.67	%		15,306		14.79	%

Loan-to-value ratio
95.01% and above	$	7,238		13.19	%	$	7,136		13.75	%	$	6,848		16.89	%
90.01% to 95.00%		9,297		10.00	%		9,318		10.28	%		9,563		11.74	%
80.01% to 90.00%		9,242		10.57	%		9,459		10.84	%		10,311		12.00	%
80.00% and below		430		3.54	%		443		3.29	%		458		2.90	%

Total	$	26,207		10.51	%	$	26,356		10.77	%	$	27,180		12.18	%

Loan grade⁽¹⁾
Prime	$	24,527		9.22	%	$	24,603		9.50	%	$	25,219		10.76	%
A minus and sub-prime		1,680		27.49	%		1,753		27.00	%		1,961		29.31	%

Total	$	26,207		10.51	%	$	26,356		10.77	%	$	27,180		12.18	%

Loan type⁽²⁾
First mortgages
Fixed rate mortgage
Flow	$	25,293		10.89	%	$	25,403		11.24	%	$	26,133		12.98	%
Bulk		473		4.43	%		488		4.19	%		500		3.60	%
Adjustable rate mortgage
Flow		423		29.60	%		446		29.50	%		527		30.16	%
Bulk		18		11.74	%		19		12.17	%		20		13.23	%
Second mortgages		—		—			—		—			—		—

Total	$	26,207		10.51	%	$	26,356		10.77	%	$	27,180		12.18	%

Type of documentation
Alt-A
Flow	$	593		33.93	%	$	631		33.97	%	$	747		34.44	%
Bulk		35		6.24	%		36		5.89	%		38		5.60	%
Standard⁽³⁾
Flow		25,123		10.67	%		25,218		11.01	%		25,913		12.74	%
Bulk		456		4.36	%		471		4.15	%		482		3.55	%

Total	$	26,207		10.51	%	$	26,356		10.77	%	$	27,180		12.18	%

Mortgage term
15 years and under	$	816		1.27	%	$	724		1.41	%	$	534		1.69	%
More than 15 years		25,391		11.16	%		25,632		11.39	%		26,646		12.79	%

Total	$	26,207		10.51	%	$	26,356		10.77	%	$	27,180		12.18	%

⁽¹⁾

⁽²⁾	For loan type in this table, any loan with an interest rate that is fixed for an initial term of five years or more is categorized as a fixed rate mortgage.

⁽³⁾

Standard includes loans with reduced or different documentation requirements that meet specifications of GSE or other lender proprietary approved underwriting systems, and other reduced documentation programs, with historical and expected delinquency rates at origination consistent with historical and expected delinquency rates of the company's standard portfolio.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)


	December 31, 2012
Policy Year	Average Rate⁽¹⁾			% of Total Reserves⁽²⁾			Primary Insurance In-Force			% of Total			Primary Risk In-Force		% of Total			Deliquency Rate
2001 and prior		7.75	%		2.0	%	$	1,914			1.7	%	$	477		1.8	%		16.79	%
2002		6.60	%		1.4			1,457			1.3			364		1.4			13.83
2003		5.61	%		3.7			5,830			5.3			973		3.7			9.49
2004		5.85	%		4.7			4,054			3.7			942		3.6			13.49
2005		5.87	%		12.7			7,328			6.7			1,914		7.3			16.61
2006		6.26	%		19.1			10,078			9.2			2,519		9.6			18.09
2007		6.26	%		38.2			22,992			20.9			5,712		21.8			17.47
2008		5.82	%		17.5			21,069			19.2			5,277		20.2			9.41
2009		5.06	%		0.4			4,882			4.4			985		3.8			1.27
2010		4.67	%		0.2			6,322			5.7			1,395		5.3			0.68
2011		4.44	%		0.1			8,136			7.4			1,897		7.2			0.39
2012		3.75	%		—			15,930			14.5			3,752		14.3			0.05

Total		5.60	%		100.0	%	$	109,992			100.0	%	$	26,207		100.0	%		10.51	%


	December 31, 2012						September 30, 2012
Occupancy and Property Type	% of Primary Risk In-Force			Deliquency Rate			% of Primary Risk In-Force			Deliquency Rate
Occupancy Status
Primary residence		94.2	%		10.44	%		94.0	%		10.69	%
Second home		3.4			11.04			3.6			11.25
Non-owner occupied		2.4			11.9			2.4			12.45

Total		100.0	%		10.51	%		100.0	%		10.77	%

Property Type
Single family detached		86.9	%		10.16	%		86.7	%		10.41	%
Condominium and co-operative		11.1			12.34			11.2			12.75
Multi-family and other		2.0			16.11			2.1			15.8

Total		100.0	%		10.51	%		100.0	%		10.77	%

⁽¹⁾	Average Annual Mortgage Interest Rate

⁽²⁾	Total reserves were $2,009 million as of December 31, 2012.

Corporate and Other Division

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income (Loss)—Corporate and Other Division

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	166		$	165		$	176		$	180		$	687		$	194		$	298		$	307		$	300		$	1,099
Net investment income		75			69			88			74			306			83			73			108			81			345
Net investment gains (losses)		(7	)		2			(24	)		8			(21	)		(38	)		(172	)		(13	)		(12	)		(235	)
Insurance and investment product fees and other		166			170			197			187			720			258			183			181			181			803

Total revenues		400			406			437			449			1,692			497			382			583			550			2,012

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		51			39			55			42			187			32			123			104			110			369
Interest credited		32			33			34			33			132			32			34			34			35			135
Acquisition and operating expenses, net of deferrals		252			232			239			268			991			281			287			294			292			1,154
Amortization of deferred acquisition costs and intangibles		52			50			48			31			181			40			68			66			56			230
Goodwill Impairment		—			89			—			—			89			29			—			—			—			29
Interest expense		89			93			99			73			354			85			88			103			95			371

Total benefits and expenses		476			536			475			447			1,934			499			600			601			588			2,288

INCOME (LOSS) BEFORE INCOME TAXES		(76	)		(130	)		(38	)		2			(242	)		(2	)		(218	)		(18	)		(38	)		(276	)
Provision (benefit) for income taxes		(25	)		(24	)		(3	)		(6	)		(58	)		(39	)		(86	)		26			—			(99	)

NET INCOME (LOSS)		(51	)		(106	)		(35	)		8			(184	)		37			(132	)		(44	)		(38	)		(177	)

ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		9			(1	)		15			(5	)		18			23			103			8			5			139
Goodwill impairment, net of taxes		—			86			—			—			86			19			—			—			—			19
Gain on sale of business, net of taxes		2			—			(15	)		—			(13	)		(36	)		—			—			—			(36	)

NET OPERATING INCOME (LOSS)	$	(40	)	$	(21	)	$	(35	)	$	3		$	(93	)	$	43		$	(29	)	$	(36	)	$	(33	)	$	(55	)


Effective tax rate (operating income (loss))		35.5	%		48.3	%		35.9	%		155.1	%		43.2	%		NM	⁽¹⁾		51.1	%		NM	⁽¹⁾		-13.8	%		52.3	%

⁽¹⁾	“NM” is defined as not meaningful for percentages greater than 200%.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income (Loss)—Corporate and Other Division

(amounts in millions)


Three months ended December 31, 2012	International Protection Segment			Wealth Management Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	165		$	—		$	1		$	—		$	166
Net investment income		27			—			37			11			75
Net investment gains (losses)		3			—			2			(12	)		(7	)
Insurance and investment product fees and other		—			74			52			40			166

Total revenues		195			74			92			39			400

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		38			—			13			—			51
Interest credited		—			—			32			—			32
Acquisition and operating expenses, net of deferrals		113			59			21			59			252
Amortization of deferred acquisition costs and intangibles		28			1			20			3			52
Interest expense		9			—			—			80			89

Total benefits and expenses		188			60			86			142			476

INCOME (LOSS) BEFORE INCOME TAXES		7			14			6			(103	)		(76	)
Provision (benefit) for income taxes		(2	)		8			—			(31	)		(25	)

NET INCOME (LOSS)		9			6			6			(72	)		(51	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(1	)		—			2			8			9
Gain on sale of business, net of taxes		—			2			—			—			2

NET OPERATING INCOME (LOSS)	$	8		$	8		$	8		$	(64	)	$	(40	)


Effective tax rate (operating income (loss))		-46.6	%		41.9	%		18.4	%		29.7	%		35.5	%

Three months ended December 31, 2011	International Protection Segment			Wealth Management Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	192		$	—		$	2		$	—		$	194
Net investment income		34			—			36			13			83
Net investment gains (losses)		(2	)		—			(4	)		(32	)		(38	)
Insurance and investment product fees and other		2			114			128			14			258

Total revenues		226			114			162			(5	)		497

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		31			—			1			—			32
Interest credited		—			—			32			—			32
Acquisition and operating expenses, net of deferrals		139			93			24			25			281
Amortization of deferred acquisition costs and intangibles		33			2			2			3			40
Goodwill Impairment		—			—			—			29			29
Interest expense		3			—			1			81			85

Total benefits and expenses		206			95			60			138			499

INCOME (LOSS) BEFORE INCOME TAXES		20			19			102			(143	)		(2	)
Provision (benefit) for income taxes		2			7			54			(102	)		(39	)

NET INCOME (LOSS)		18			12			48			(41	)		37
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		1			—			3			19			23
Goodwill impairment, net of taxes		—			—			—			19			19
Gain on sale of business, net of taxes		—			—			(36	)		—			(36	)

NET OPERATING INCOME (LOSS)	$	19		$	12		$	15		$	(3	)	$	43



Effective tax rate (operating income (loss))		7.4	%		36.2	%		45.9	%		96.7	%		NM	⁽²⁾

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

⁽²⁾	“NM” is defined as not meaningful for percentages greater than 200%.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss)—Corporate and Other Division

(amounts in millions)


Twelve months ended December 31, 2012	International Protection Segment			Wealth Management Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	682		$	—		$	5		$	—		$	687
Net investment income		131			—			145			30			306
Net investment gains (losses)		6			—			24			(51	)		(21	)
Insurance and investment product fees and other		3			390			207			120			720

Total revenues		822			390			381			99			1,692

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		150			—			37			—			187
Interest credited		—			—			132			—			132
Acquisition and operating expenses, net of deferrals		483			278			79			151			991
Amortization of deferred acquisition costs and intangibles		113			5			51			12			181
Goodwill impairment		89			—			—			—			89
Interest expense		45			—			1			308			354

Total benefits and expenses		880			283			300			471			1,934

INCOME (LOSS) BEFORE INCOME TAXES		(58	)		107			81			(372	)		(242	)
Provision (benefit) for income taxes		1			52			23			(134	)		(58	)

NET INCOME (LOSS)		(59	)		55			58			(238	)		(184	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(3	)		—			(12	)		33			18
Goodwill impairment, net of taxes		86			—			—			—			86
Gain on sale of business, net of taxes		—			(13	)		—			—			(13	)

NET OPERATING INCOME (LOSS)	$	24		$	42		$	46		$	(205	)	$	(93	)



Effective tax rate (operating income (loss))		9.4	%		38.2	%		27.1	%		36.2	%		43.2	%

Twelve months ended December 31, 2011	International Protection Segment			Wealth Management Segment			Runoff Segment			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	839		$	—		$	260		$	—		$	1,099
Net investment income		173			—			140			32			345
Net investment gains (losses)		(1	)		—			(174	)		(60	)		(235	)
Insurance and investment product fees and other		11			453			299			40			803

Total revenues		1,022			453			525			12			2,012

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		135			—			234			—			369
Interest credited		—			—			135			—			135
Acquisition and operating expenses, net of deferrals		590			372			142			50			1,154
Amortization of deferred acquisition costs and intangibles		143			5			70			12			230
Goodwill Impairment		—			—			—			29			29
Interest expense		38			—			2			331			371

Total benefits and expenses		906			377			583			422			2,288
LOSS BEFORE INCOME TAXES		116			76			(58	)		(410	)		(276	)
Provision (benefit) for income taxes		26			29			(21	)		(133	)		(99	)

NET LOSS		90			47			(37	)		(277	)		(177	)
ADJUSTMENTS TO NET LOSS:
Net investment (gains) losses, net of taxes and other adjustments		1			—			100			38			139
Goodwill Impairment, net of taxes		—			—			—			19			19
Gain on sale of business, net of taxes		—			—			(36	)		—			(36	)

NET OPERATING INCOME (LOSS)	$	91		$	47		$	27		$	(220	)	$	(55	)



Effective tax rate (operating income (loss))		22.0	%		38.3	%		-97.3	%		31.6	%		52.3	%

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

International Protection Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income and Sales—International Protection Segment

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	165		$	164		$	174		$	179		$	682		$	192		$	209		$	223		$	215		$	839
Net investment income		27			32			36			36			131			34			38			53			48			173
Net investment gains (losses)		3			1			1			1			6			(2	)		(2	)		1			2			(1	)
Insurance and investment product fees and other		—			1			—			2			3			2			—			4			5			11

Total revenues		195			198			211			218			822			226			245			281			270			1,022

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		38			30			41			41			150			31			37			35			32			135
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		113			117			126			127			483			139			143			156			152			590
Amortization of deferred acquisition costs and intangibles		28			27			27			31			113			33			32			42			36			143
Goodwill impairment		—			89			—			—			89			—			—			—			—			—
Interest expense		9			11			14			11			45			3			6			16			13			38

Total benefits and expenses		188			274			208			210			880			206			218			249			233			906

INCOME (LOSS) BEFORE INCOME TAXES		7			(76	)		3			8			(58	)		20			27			32			37			116
Provision (benefit) for income taxes		(2	)		1			—			2			1			2			7			7			10			26

NET INCOME (LOSS)		9			(77	)		3			6			(59	)		18			20			25			27			90

ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(1	)		(1	)		—			(1	)		(3	)		1			2			—			(2	)		1
Goodwill impairment, net of taxes		—			86			—			—			86			—			—			—			—			—

NET OPERATING INCOME⁽¹⁾	$	8		$	8		$	3		$	5		$	24		$	19		$	22		$	25		$	25		$	91


Effective tax rate (operating income)		-46.6	%		32.8	%		-5.8	%		23.1	%		9.4	%		7.4	%		28.7	%		20.9	%		26.3	%		22.0	%

SALES:
Lifestyle Protection Insurance
Traditional indemnity premiums	$	211		$	212		$	246		$	228		$	897		$	234		$	252		$	270		$	242		$	998
Premium equivalents for administrative services only business		2			2			2			2			8			5			5			6			6			22
Reinsurance premiums assumed accounted for under the deposit method		165			152			169			149			635			167			181			193			175			716

Total Sales⁽²⁾	$	378		$	366		$	417		$	379		$	1,540		$	406		$	438		$	469		$	423		$	1,736

SALES BY REGION:
Lifestyle Protection Insurance
Northern Europe	$	146		$	145		$	151		$	141		$	583		$	149		$	166		$	169		$	156		$	640
Southern Europe		114			110			141			134			499			152			161			188			170			671
Latin America		4			4			5			7			20			6			7			2			—			15
Structured Deals⁽³⁾		105			103			113			93			414			93			97			103			89			382
Other		9			4			7			4			24			6			7			7			8			28

Total Sales	$	378		$	366		$	417		$	379		$	1,540		$	406		$	438		$	469		$	423		$	1,736



Loss Ratio		23	%		18	%		24	%		23	%		22	%		16	%		17	%		16	%		15	%		16	%

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

⁽¹⁾	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $11 million and $32 million for the three and twelve months ended December 31, 2012, respectively.

⁽²⁾	Sales adjusted for foreign exchange as compared to the prior year period for the International Protection segment were $394 million and $1,669 million for the three and twelve months ended December 31, 2012, respectively.

⁽³⁾	Structured deals represent in-force blocks of business acquired through reinsurance arrangements and ongoing reciprocal arrangements in place with certain clients.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	4Q 2012									3Q 2012									2Q 2012									1Q 2012									Total 2012
	Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis
REVENUES:
Premiums	$	165		$	50		$	215		$	164		$	47		$	211		$	174		$	56		$	230		$	179		$	55		$	234		$	682		$	208		$	890
Net investment income		27			(5	)		22			32			(9	)		23			36			(12	)		24			36			(13	)		23			131			(39	)		92
Net investment gains (losses)		3			—			3			1			—			1			1			—			1			1			—			1			6			—			6
Insurance and investment product fees and other		—			—			—			1			—			1			—			—			—			2			—			2			3			—			3

Total revenues		195			45			240			198			38			236			211			44			255			218			42			260			822			169			991

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		38			20			58			30			15			45			41			20			61			41			15			56			150			70			220
Interest credited		—			—			—			—			—			—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		113			12			125			117			14			131			126			15			141			127			17			144			483			58			541
Amortization of deferred acquisition costs and intangibles		28			13			41			27			11			38			27			13			40			31			14			45			113			51			164
Goodwill impairment		—			—			—			89			—			89			—			—			—			—			—			—			89			—			89
Interest expense		9			—			9			11			(2	)		9			14			(4	)		10			11			(4	)		7			45			(10	)		35

Total benefits and expenses		188			45			233			274			38			312			208			44			252			210			42			252			880			169			1,049

INCOME (LOSS) BEFORE INCOME TAXES		7			—			7			(76	)		—			(76	)		3			—			3			8			—			8			(58	)		—			(58	)
Provision (benefit) for income taxes		(2	)		—			(2	)		1			—			1			—			—			—			2			—			2			1			—			1

NET INCOME (LOSS)		9			—			9			(77	)		—			(77	)		3			—			3			6			—			6			(59	)		—			(59	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		(1	)		—			(1	)		(1	)		—			(1	)		—			—			—			(1	)		—			(1	)		(3	)		—			(3	)
Goodwill impairment, net of taxes		—			—			—			86			—			86			—			—			—			—			—			—			86			—			86

NET OPERATING INCOME⁽¹⁾	$	8		$	—		$	8		$	8		$	—		$	8		$	3		$	—		$	3		$	5		$	—		$	5		$	24		$	—		$	24

Effective tax rate (operating income)		-46.6	%					-46.6	%		32.8	%					32.8	%		-5.8	%					-5.8	%		23.1	%					23.1	%		9.4	%					9.4	%

Other Metrics:
Premiums	$	165		$	50		$	215		$	164		$	47		$	211		$	174		$	56		$	230		$	179		$	55		$	234		$	682		$	208		$	890
Benefits and other changes in policy reserves		38			20			58			30			15			45			41			20			61			41			15			56			150			70			220
Commissions⁽²⁾, ⁽³⁾		80			9			89			79			12			91			83			13			96			85			14			99			327			48			375

Margin before profit sharing		47			21			68			55			20			75			50			23			73			53			26			79			205			90			295
Profit share⁽²⁾		20			14			34			24			15			39			27			14			41			27			17			44			98			60			158

Underwriting profit⁽³⁾	$	27		$	7		$	34		$	31		$	5		$	36		$	23		$	9		$	32		$	26		$	9		$	35		$	107		$	30		$	137

Loss Ratio		23	%					27	%		18	%					21	%		24	%					27	%		23	%					23	%		22	%					25	%

Underwriting Margin⁽⁴⁾		17	%					16	%		19	%					17	%		14	%					14	%		14	%					15	%		16	%					15	%

Combined Ratio⁽⁵⁾		108	%					104	%		160	%					144	%		111	%					105	%		111	%					105	%		122	%					114	%

This page is provided as supplemental analysis related to the lifestyle protection insurance business. This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the income statement activity as if these reinsurance agreements, except for our reciprocal arrangements, were accounted for as reinsurance accounting ("pre-deposit accounting basis") and not as deposit accounting. There is no impact on net income available to Genworth Financial, Inc.'s common stockholders or to segment net operating income.

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

⁽¹⁾	Net operating income adjusted for foreign exchange as compared to the prior year period for the International Protection segment was $11 million and $32 million for the three and twelve months ended December 31, 2012, respectively.

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

⁽³⁾	The prior period amounts have been re-presented to conform to the current period presentation.

⁽⁴⁾	The underwriting margin is calculated as underwriting profit divided by net earned premiums.

⁽⁵⁾	The combined ratio is calculated as benefits and other changes in policy reserves, commissions (including amortization of DAC), profit share and other operating expenses divided by net earned premiums.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


		4Q 2011									3Q 2011									2Q 2011									1Q 2011									Total 2011
	Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis			Reported			Deposit Accounting Adjustments			Pre-Deposit Accounting Basis
REVENUES:
Premiums	$	192		$	57		$	249		$	209		$	71		$	280		$	223		$	71		$	294		$	215		$	56		$	271		$	839		$	255		$	1,094
Net investment income		34			(7	)		27			38			(11	)		27			53			(26	)		27			48			(23	)		25			173			(67	)		106
Net investment gains (losses)		(2	)		—			(2	)		(2	)		—			(2	)		1			—			1			2			—			2			(1	)		—			(1	)
Insurance and investment product fees and other		2			—			2			—			—			—			4			—			4			5			—			5			11			—			11

Total revenues		226			50			276			245			60			305			281			45			326			270			33			303			1,022			188			1,210

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		31			15			46			37			18			55			35			18			53			32			10			42			135			61			196
Acquisition and operating expenses, net of deferrals		139			16			155			143			19			162			156			19			175			152			13			165			590			67			657
Amortization of deferred acquisition costs and intangibles		33			13			46			32			21			53			42			16			58			36			17			53			143			67			210
Interest expense		3			6			9			6			2			8			16			(8	)		8			13			(7	)		6			38			(7	)		31

Total benefits and expenses		206			50			256			218			60			278			249			45			294			233			33			266			906			188			1,094

INCOME BEFORE INCOME TAXES		20			—			20			27			—			27			32			—			32			37			—			37			116			—			116
Provision for income taxes		2			—			2			7			—			7			7			—			7			10			—			10			26			—			26

NET INCOME		18			—			18			20			—			20			25			—			25			27			—			27			90			—			90
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		1			—			1			2			—			2			—			—			—			(2	)		—			(2	)		1			—			1

NET OPERATING INCOME	$	19		$	—		$	19		$	22		$	—		$	22		$	25		$	—		$	25		$	25		$	—		$	25		$	91		$	—		$	91

Effective tax rate (operating income)		7.4	%					7.4	%		28.7	%					28.7	%		20.9	%					20.9	%		26.3	%					26.3	%		22.0	%					22.0	%

Other Metrics:
Premiums	$	192		$	57		$	249		$	209		$	71		$	280		$	223		$	71		$	294		$	215		$	56		$	271		$	839		$	255		$	1,094
Benefits and other changes in policy reserves		31			15			46			37			18			55			35			18			53			32			10			42			135			61			196
Commissions⁽¹⁾		94			10			104			96			21			117			109			18			127			102			16			118			401			65			466

Margin before profit sharing		67			32			99			76			32			108			79			35			114			81			30			111			303			129			432
Profit share⁽¹⁾		26			18			44			28			18			46			35			18			53			37			14			51			126			68			194

Underwriting profit	$	41		$	14		$	55		$	48		$	14		$	62		$	44		$	17		$	61		$	44		$	16		$	60		$	177		$	61		$	238

Loss Ratio		16	%					18	%		17	%					20	%		16	%					18	%		15	%					15	%		16	%					18	%

Underwriting Margin⁽²⁾		21	%					22	%		23	%					22	%		19	%					21	%		21	%					22	%		21	%					22	%

Combined Ratio⁽³⁾		106	%					99	%		100	%					96	%		104	%					97	%		101	%					96	%		103	%					97	%

This page is provided as supplemental analysis related to the lifestyle protection insurance business. This business has reinsurance agreements that do not qualify for risk transfer under GAAP. This analysis shows the income statement activity as if these reinsurance agreements, except for our reciprocal arrangements, were accounted for as reinsurance accounting (“pre-deposit accounting basis”) and not as deposit accounting. There is no impact on net income available to Genworth Financial, Inc.’s common stockholders or to segment net operating income.

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

⁽¹⁾	Commissions include commissions which are included above in acquisition and operating expenses, net of deferrals, and amortization of DAC.

⁽²⁾	The underwriting margin is calculated as underwriting profit divided by net earned premiums.

⁽³⁾	The combined ratio is calculated as benefits and other changes in policy reserves, commissions (including amortization of DAC), profit share and other operating expenses divided by net earned premiums.

Wealth Management Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income, Sales and Assets Under Management—Wealth Management Segment

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		—			—			—			—			—			—			—			—			—			—
Net investment gains (losses)		—			—			—			—			—			—			—			—			—			—
Insurance and investment product fees and other		74			82			122			112			390			114			115			114			110			453

Total revenues		74			82			122			112			390			114			115			114			110			453

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—			—			—			—			—
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		59			63			64			92			278			93			95			92			92			372
Amortization of deferred acquisition costs and intangibles		1			2			1			1			5			2			1			1			1			5
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		60			65			65			93			283			95			96			93			93			377

INCOME BEFORE INCOME TAXES		14			17			57			19			107			19			19			21			17			76
Provision for income taxes		8			7			30			7			52			7			7			8			7			29

NET INCOME		6			10			27			12			55			12			12			13			10			47

ADJUSTMENTS TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		—			—			—			—			—			—			—			—			—			—
Gain on sale of business, net of taxes		2			—			(15	)		—			(13	)		—			—			—			—			—

NET OPERATING INCOME	$	8		$	10		$	12		$	12		$	42		$	12		$	12		$	13		$	10		$	47


Effective tax rate (operating income)		41.9	%		38.5	%		35.3	%		37.9	%		38.2	%		36.2	%		38.9	%		36.4	%		42.3	%		38.3	%

SALES:

Sales by Distribution Channel:
Independent Producers	$	1,141		$	1,099		$	1,228		$	1,344		$	4,812		$	1,278		$	1,395		$	1,622		$	1,785		$	6,080
Dedicated Sales Specialists		—			—			—			172			172			161			170			185			273			789

Total Sales	$	1,141		$	1,099		$	1,228		$	1,516		$	4,984		$	1,439		$	1,565		$	1,807		$	2,058		$	6,869



ASSETS UNDER MANAGEMENT:
Beginning of period	$	22,633		$	22,320		$	25,684		$	25,087		$	25,087		$	24,613		$	25,930		$	25,551		$	24,740		$	24,740
Gross flows		1,141			1,099			1,228			1,516			4,984			1,439			1,565			1,807			2,058			6,869
Redemptions		(1,514	)		(1,353	)		(1,473	)		(1,875	)		(6,215	)		(1,455	)		(1,119	)		(1,143	)		(1,703	)		(5,420	)

Net flows		(373	)		(254	)		(245	)		(359	)		(1,231	)		(16	)		446			664			355			1,449
Market performance		89			567			(348	)		956			1,264			490			(1,763	)		(285	)		456			(1,102	)
Disposition⁽¹⁾		—			—			(2,771	)		—			(2,771	)		—			—			—			—			—

End of period	$	22,349		$	22,633		$	22,320		$	25,684		$	22,349		$	25,087		$	24,613		$	25,930		$	25,551		$	25,087

Wealth Management results represent Genworth Financial Wealth Management, Inc. (GFIS), Genworth Financial Investment Services, Inc., Genworth Financial Trust Company, Centurion Financial Advisers, Inc., Quantavis Consulting, Inc. and the Altegris companies.

⁽¹⁾	On April 2, 2012, we completed the sale of our tax and accounting financial advisor unit, GFIS. Assets under management at the time of the sale were $2,771 million.

Runoff Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Income (Loss)—Runoff Segment

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	1		$	1		$	2		$	1		$	5		$	2		$	89		$	84		$	85		$	260
Net investment income		37			34			36			38			145			36			33			37			34			140
Net investment gains (losses)		2			5			(25	)		42			24			(4	)		(159	)		(11	)		—			(174	)
Insurance and investment product fees and other		52			52			51			52			207			128			55			57			59			299

Total revenues		92			92			64			133			381			162			18			167			178			525

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		13			9			14			1			37			1			86			69			78			234
Interest credited		32			33			34			33			132			32			34			34			35			135
Acquisition and operating expenses, net of deferrals		21			18			21			19			79			24			35			37			46			142
Amortization of deferred acquisition costs and intangibles		20			18			17			(4	)		51			2			32			20			16			70
Interest expense		—			—			1			—			1			1			—			1			—			2

Total benefits and expenses		86			78			87			49			300			60			187			161			175			583

INCOME (LOSS) BEFORE INCOME TAXES		6			14			(23	)		84			81			102			(169	)		6			3			(58	)
Provision (benefit) for income taxes		—			3			(2	)		22			23			54			(70	)		(6	)		1			(21	)

NET INCOME (LOSS)		6			11			(21	)		62			58			48			(99	)		12			2			(37	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		2			(2	)		15			(27	)		(12	)		3			92			6			(1	)		100
Gain on sale of business, net of taxes		—			—			—			—			—			(36	)		—			—			—			(36	)

NET OPERATING INCOME (LOSS)	$	8		$	9		$	(6	)	$	35		$	46		$	15		$	(7	)	$	18		$	1		$	27


Effective tax rate (operating income (loss))		18.4	%		19.0	%		NM	⁽¹⁾		16.9	%		27.1	%		45.9	%		76.0	%		-28.8	%		17.0	%		-97.3	%

⁽¹⁾	“NM” is defined as not meaningful for percentages greater than 200%.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Selected Operating Performance Measures—Runoff Segment

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Variable Annuities:
Income Distribution Series
Account value, beginning of the period	$	6,261		$	6,229		$	6,398		$	6,265		$	6,265		$	6,148		$	6,606		$	6,687		$	6,590		$	6,590
Deposits		22			17			20			26			85			23			30			33			117			203
Surrenders, benefits and product charges		(184	)		(184	)		(168	)		(174	)		(710	)		(159	)		(171	)		(171	)		(185	)		(686	)

Net flows		(162	)		(167	)		(148	)		(148	)		(625	)		(136	)		(141	)		(138	)		(68	)		(483	)
Interest credited and investment performance		42			199			(21	)		281			501			253			(317	)		57			165			158

Account value, end of the period		6,141			6,261			6,229			6,398			6,141			6,265			6,148			6,606			6,687			6,265

Traditional Variable Annuities
Account value, net of reinsurance, beginning of the period		1,715			1,703			1,819			1,766			1,766			1,735			2,012			2,096			2,078			2,078
Deposits		3			4			3			3			13			3			4			3			17			27
Surrenders, benefits and product charges		(84	)		(72	)		(81	)		(89	)		(326	)		(82	)		(73	)		(100	)		(88	)		(343	)

Net flows		(81	)		(68	)		(78	)		(86	)		(313	)		(79	)		(69	)		(97	)		(71	)		(316	)
Interest credited and investment performance		28			80			(38	)		139			209			110			(208	)		13			89			4

Account value, net of reinsurance, end of the period		1,662			1,715			1,703			1,819			1,662			1,766			1,735			2,012			2,096			1,766

Variable Life Insurance
Account value, beginning of the period		294			293			305			284			284			272			314			319			313			313
Deposits		2			2			2			3			9			2			3			3			3			11
Surrenders, benefits and product charges		(9	)		(12	)		(10	)		(8	)		(39	)		(8	)		(12	)		(11	)		(11	)		(42	)

Net flows		(7	)		(10	)		(8	)		(5	)		(30	)		(6	)		(9	)		(8	)		(8	)		(31	)
Interest credited and investment performance		5			11			(4	)		26			38			18			(33	)		3			14			2

Account value, end of the period		292			294			293			305			292			284			272			314			319			284

Total Variable Annuities	$	8,095		$	8,270		$	8,225		$	8,522		$	8,095		$	8,315		$	8,155		$	8,932		$	9,102		$	8,315


Guaranteed Investment Contracts, Funding Agreements Backing Notes and Funding Agreements:
Account value, beginning of period	$	2,297		$	2,221		$	2,594		$	2,623		$	2,623		$	2,717		$	3,043		$	3,317		$	3,717		$	3,717
Deposits		—			84			—			—			84			—			—			—			—			—
Surrenders and benefits		(164	)		(26	)		(385	)		(55	)		(630	)		(111	)		(341	)		(312	)		(435	)		(1,199	)

Net flows		(164	)		58			(385	)		(55	)		(546	)		(111	)		(341	)		(312	)		(435	)		(1,199	)
Interest credited		17			17			18			21			73			21			24			28			33			106
Foreign currency translation		3			1			(6	)		5			3			(4	)		(9	)		10			2			(1	)

Account value, end of period	$	2,153		$	2,297		$	2,221		$	2,594		$	2,153		$	2,623		$	2,717		$	3,043		$	3,317		$	2,623

Corporate and Other

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Net Operating Loss—Corporate and Other⁽¹⁾

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		11			3			16			—			30			13			2			18			(1	)		32
Net investment gains (losses)		(12	)		(4	)		—			(35	)		(51	)		(32	)		(11	)		(3	)		(14	)		(60	)
Insurance and investment product fees and other		40			35			24			21			120			14			13			6			7			40

Total revenues		39			34			40			(14	)		99			(5	)		4			21			(8	)		12

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—			—			—			—			—
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		59			34			28			30			151			25			14			9			2			50
Amortization of deferred acquisition costs and intangibles		3			3			3			3			12			3			3			3			3			12
Goodwill impairment		—			—			—			—			—			29			—			—			—			29
Interest expense		80			82			84			62			308			81			82			86			82			331

Total benefits and expenses		142			119			115			95			471			138			99			98			87			422

LOSS BEFORE INCOME TAXES		(103	)		(85	)		(75	)		(109	)		(372	)		(143	)		(95	)		(77	)		(95	)		(410	)
Provision (benefit) for income taxes		(31	)		(35	)		(31	)		(37	)		(134	)		(102	)		(30	)		17			(18	)		(133	)

NET LOSS		(72	)		(50	)		(44	)		(72	)		(238	)		(41	)		(65	)		(94	)		(77	)		(277	)
ADJUSTMENTS TO NET LOSS:
Net investment (gains) losses, net of taxes and other adjustments		8			2			—			23			33			19			9			2			8			38
Goodwill impairment, net of taxes		—			—			—			—			—			19			—			—			—			19

NET OPERATING LOSS	$	(64	)	$	(48	)	$	(44	)	$	(49	)	$	(205	)	$	(3	)	$	(56	)	$	(92	)	$	(69	)	$	(220	)


Effective tax rate (operating loss)		29.7	%		40.1	%		41.8	%		34.1	%		36.2	%		96.7	%		31.8	%		-23.8	%		15.5	%		31.6	%

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

Additional Financial Data

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Investments Summary

(amounts in millions)


		December 31, 2012					September 30, 2012					June 30, 2012					March 31, 2012					December 31, 2011
		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		$	37,207		48	%	$	37,335		48	%	$	35,553		46	%	$	34,598		46	%	$	34,770		46	%
Private fixed maturity securities			10,484		13			10,306		13			10,119		13			9,992		13			9,480		12
Residential mortgage-backed securities⁽¹⁾			5,532		7			5,489		7			5,377		7			5,250		7			5,129		7
Commercial mortgage-backed securities			2,947		4			2,902		4			2,900		4			2,987		4			3,045		4
Other asset-backed securities			2,583		3			2,685		3			2,531		3			2,396		3			2,516		3
Tax-exempt			294		—			302		—			310		1			341		1			503		1
Non-investment grade fixed maturity securities			3,114		4			3,195		4			3,001		4			2,968		4			2,852		4
Equity securities:
Common stocks and mutual funds			431		1			410		1			374		1			384		1			306		—
Preferred stocks			87		—			114		—			57		—			50		—			55		—
Commercial mortgage loans			5,872		8			5,861		8			5,875		8			6,030		8			6,092		8
Restricted commercial mortgage loans related to securitization entities			341		—			359		—			382		—			392		1			411		1
Policy loans			1,601		2			1,626		2			1,619		2			1,555		2			1,549		2
Cash, cash equivalents and short-term investments			3,918		5			3,875		5			4,150		5			4,404		6			5,145		7
Securities lending			187		—			181		—			175		—			93		—			406		1
Other invested assets:	Limited partnerships		339		—			344		—			357		—			352		—			344		—
	Derivatives:
	Long-term care (LTC) forward starting swap—cash flow		466		1			614		1			801		1			252		—			648		1
	Other cash flow		3		—			1		—			3		—			1		—			—		—
	Fair value		43		—			48		—			54		—			69		—			75		—
	Equity index options—non-qualified		25		—			24		—			31		—			21		—			55		—
	Other non-qualified		612		1			697		1			710		1			516		1			707		1
	Trading portfolio		566		1			690		1			752		1			770		1			788		1
	Counterparty collateral		840		1			1,010		1			1,218		2			589		1			1,023		1
	Restricted other invested assets related to securitization entities		393		1			393		1			391		1			384		1			377		—
	Other		157		—			173		—			135		—			121		—			116		—

Total invested assets and cash		$	78,042		100	%	$	78,634		100	%	$	76,875		100	%	$	74,515		100	%	$	76,392		100	%

Public Fixed Maturity Securities—Credit Quality:
NRSRO ⁽²⁾ Designation
AAA		$	17,372		36	%	$	17,864		37	%	$	17,055		37	%	$	16,612		37	%	$	17,179		38	%
AA			4,746		10			4,709		10			4,498		10			4,574		10			4,666		10
A			13,238		28			13,311		28			13,083		28			12,542		28			12,577		28
BBB			10,567		22			10,372		21			9,759		21			9,638		21			9,334		21
BB			1,296		3			1,280		3			1,205		3			1,173		3			1,102		2
B			147		—			145		—			160		—			150		—			142		—
CCC and lower			397		1			456		1			408		1			424		1			420		1

Total public fixed maturity securities		$	47,763		100	%	$	48,137		100	%	$	46,168		100	%	$	45,113		100	%	$	45,420		100	%

Private Fixed Maturity Securities—Credit Quality:
NRSRO⁽²⁾ Designation
AAA		$	1,427		10	%	$	1,657		12	%	$	1,649		12	%	$	1,581		12	%	$	1,754		14	%
AA			1,521		11			1,349		10			1,170		9			1,122		8			1,079		8
A			4,338		30			4,164		29			4,238		31			4,290		32			3,993		31
BBB			5,838		41			5,593		40			5,338		39			5,205		39			4,861		38
BB			929		6			974		7			906		7			966		7			929		7
B			194		1			187		1			171		1			119		1			125		1
CCC and lower			151		1			153		1			151		1			136		1			134		1

Total private fixed maturity securities		$	14,398		100	%	$	14,077		100	%	$	13,623		100	%	$	13,419		100	%	$	12,875		100	%

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

⁽²⁾	Nationally Recognized Statistical Rating Organizations.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Fixed Maturity Securities Summary

(amounts in millions)


	December 31, 2012					September 30, 2012					June 30, 2012					March 31, 2012					December 31, 2011
	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	$	5,491		9	%	$	5,503		9	%	$	4,985		8	%	$	4,574		8	%	$	4,863		8	%
Tax-exempt		294		1			302		1			310		1			341		—			503		1
Foreign government		2,422		4			2,574		4			2,505		4			2,291		4			2,211		4
U.S. corporate		26,105		42			26,306		42			25,545		43			25,207		43			25,258		43
Foreign corporate		15,792		25			15,368		25			14,585		24			14,442		25			13,757		24
Residential mortgage-backed securities		6,081		10			6,119		10			5,976		10			5,852		10			5,695		10
Commercial mortgage-backed securities		3,333		5			3,286		5			3,268		6			3,346		6			3,400		6
Other asset-backed securities		2,643		4			2,756		4			2,617		4			2,479		4			2,608		4

Total fixed maturity securities	$	62,161		100	%	$	62,214		100	%	$	59,791		100	%	$	58,532		100	%	$	58,295		100	%

Corporate Bond Holdings—Industry Sector:
Investment Grade:
Finance and insurance	$	7,820		20	%	$	8,063		20	%	$	8,028		21	%	$	8,138		21	%	$	7,919		21	%
Utilities and energy		9,432		24			9,265		23			8,965		23			8,752		23			8,653		23
Consumer—non-cyclical		5,027		13			5,065		13			4,917		13			4,778		13			4,662		12
Consumer—cyclical		2,272		6			2,222		6			2,249		6			2,183		6			2,088		6
Capital goods		2,515		6			2,515		6			2,413		6			2,345		6			2,388		6
Industrial		2,511		6			2,434		6			2,341		6			2,267		6			2,149		6
Technology and communications		2,966		7			2,792		7			2,629		7			2,630		7			2,522		7
Transportation		1,588		4			1,566		4			1,454		4			1,435		4			1,445		4
Other		5,793		14			5,786		15			5,322		14			5,331		14			5,520		15

Subtotal		39,924		100	%		39,708		100	%		38,318		100	%		37,859		100	%		37,346		100	%

Non-Investment Grade:
Finance and insurance		454		23	%		460		23	%		414		23	%		348		20	%		290		17	%
Utilities and energy		406		21			429		22			381		21			396		22			340		21
Consumer—non-cyclical		171		9			160		8			135		7			142		8			132		8
Consumer—cyclical		110		5			95		5			76		4			76		4			72		4
Capital goods		257		13			287		14			310		17			303		17			303		18
Industrial		318		16			290		15			269		15			280		16			286		17
Technology and communications		186		9			171		9			140		8			165		9			159		10
Transportation		55		3			58		3			59		3			60		3			68		4
Other		16		1			16		1			28		2			20		1			19		1

Subtotal		1,973		100	%		1,966		100	%		1,812		100	%		1,790		100	%		1,669		100	%

Total	$	41,897		100	%	$	41,674		100	%	$	40,130		100	%	$	39,649		100	%	$	39,015		100	%

Fixed Maturity Securities—Contractual Maturity Dates:
Due in one year or less	$	2,634		4	%	$	3,097		5	%	$	3,054		5	%	$	2,958		5	%	$	2,756		5	%
Due after one year through five years		11,139		18			11,162		18			10,765		18			11,183		19			11,225		19
Due after five years through ten years		12,266		20			12,009		19			11,569		19			11,066		19			10,472		18
Due after ten years		24,065		39			23,785		38			22,542		38			21,648		37			22,139		38

Subtotal		50,104		81			50,053		80			47,930		80			46,855		80			46,592		80
Mortgage and asset-backed securities		12,057		19			12,161		20			11,861		20			11,677		20			11,703		20

Total fixed maturity securities	$	62,161		100	%	$	62,214		100	%	$	59,791		100	%	$	58,532		100	%	$	58,295		100	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Commercial Mortgage Loans Summary

(amounts in millions)


	December 31, 2012						September 30, 2012						June 30, 2012						March 31, 2012						December 31, 2011
	Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total
Geographic Region
South Atlantic	$	1,587			27	%	$	1,619			27	%	$	1,640			28	%	$	1,629			27	%	$	1,631			27	%
Pacific		1,553			26			1,526			26			1,486			25			1,504			25			1,539			25
Middle Atlantic		739			13			710			12			715			12			750			12			734			12
East North Central		468			8			513			9			528			9			544			9			557			9
Mountain		463			8			442			7			461			8			482			8			497			8
New England		343			6			342			6			344			6			385			6			388			6
West North Central		353			6			339			6			320			5			332			5			337			5
West South Central		265			4			260			4			269			4			293			5			298			5
East South Central		141			2			152			3			155			3			157			3			159			3

Subtotal		5,912			100	%		5,903			100	%		5,918			100	%		6,076			100	%		6,140			100	%

Allowance for losses		(42	)					(44	)					(46	)					(49	)					(51	)
Unamortized fees and costs		2						2						3						3						3

Total	$	5,872					$	5,861					$	5,875					$	6,030					$	6,092

Property Type
Retail	$	1,895			32	%	$	1,882			32	%	$	1,899			32	%	$	1,907			31	%	$	1,898			31	%
Industrial		1,603			27			1,633			27			1,623			27			1,688			28			1,707			28
Office		1,580			27			1,533			26			1,520			26			1,553			26			1,590			26
Apartments		552			9			578			10			595			10			626			10			641			10
Mixed use/other		282			5			277			5			281			5			302			5			304			5

Subtotal		5,912			100	%		5,903			100	%		5,918			100	%		6,076			100	%		6,140			100	%

Allowance for losses		(42	)					(44	)					(46	)					(49	)					(51	)
Unamortized fees and costs		2						2						3						3						3

Total	$	5,872					$	5,861					$	5,875					$	6,030					$	6,092

Allowance for Losses on Commercial Mortgage Loans
Beginning balance	$	44					$	46					$	49					$	51					$	54
Provision		—						1						—						—						—
Release		(2	)					(3	)					(3	)					(2	)					(3	)

Ending balance	$	42					$	44					$	46					$	49					$	51

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Commercial Mortgage Loans Summary

(amounts in millions)


	December 31, 2012					September 30, 2012					June 30, 2012					March 31, 2012					December 31, 2011
Loan Size	Principal Balance		% of Total			Principal Balance		% of Total			Principal Balance		% of Total			Principal Balance		% of Total			Principal Balance		% of Total
Under $5 million	$	2,458		42	%	$	2,722		46	%	$	2,583		44	%	$	2,655		44	%	$	2,698		44	%
$5 million but less than $10 million		1,508		25			1,521		26			1,512		25			1,540		25			1,540		25
$10 million but less than $20 million		1,162		20			1,058		18			1,063		18			1,117		18			1,161		19
$20 million but less than $30 million		267		4			198		3			247		4			249		4			225		4
$30 million and over		517		9			404		7			513		9			515		9			516		8

Total	$	5,912		100	%	$	5,903		100	%	$	5,918		100	%	$	6,076		100	%	$	6,140		100	%

Commercial Mortgage Loan Information by Vintage as of December 31, 2012

(loan amounts in millions)


Loan Year	Total Recorded Investment⁽¹⁾		Number of Loans		Average Balance Per Loan		Loan-To-Value⁽²⁾			Delinquent Principal Balance		Number of Delinquent Loans		Average Balance Per Delinquent Loan
2004 and prior	$	1,285		614	$	2		47	%	$	6		2	$	3
2005		1,185		282	$	4		59	%		—		—	$	—
2006		1,129		261	$	4		67	%		—		—	$	—
2007		986		164	$	6		75	%		66		1	$	66
2008		260		56	$	5		71	%		3		1	$	3
2009		—		—	$	—		—	%		—		—	$	—
2010		98		17	$	6		58	%		—		—	$	—
2011		281		54	$	5		63	%		—		—	$	—
2012		688		97	$	7		66	%		—		—	$	—

Total	$	5,912		1,545	$	4		62	%	$	75		4	$	19

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

⁽²⁾	Represents weighted-average loan-to-value as of December 31, 2012.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

General Account GAAP Net Investment Income Yields

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
GAAP Net Investment Income
Fixed maturity securities—taxable	$	678		$	659		$	669		$	660		$	2,666		$	665		$	669		$	693		$	670		$	2,697
Fixed maturity securities—non-taxable		2			2			3			4			11			6			8			10			11			35
Commercial mortgage loans		84			87			85			84			340			92			89			92			92			365
Restricted commercial mortgage loans related to securitization entities		8			8			7			9			32			10			11			9			10			40
Equity securities		5			4			6			4			19			3			3			10			3			19
Other invested assets		37			46			36			43			162			36			31			38			30			135
Limited partnerships		12			2			20			10			44			(5	)		11			17			4			27
Restricted other invested assets related to securitization entities		1			—			—			—			1			—			—			—			—			—
Policy loans		30			31			31			31			123			31			30			30			29			120
Cash, cash equivalents and short-term investments		7			8			10			10			35			13			12			6			6			37

Gross investment income before expenses and fees		864			847			867			855			3,433			851			864			905			855			3,475
Expenses and fees		(24	)		(22	)		(21	)		(23	)		(90	)		(24	)		(22	)		(24	)		(25	)		(95	)

Net investment income	$	840		$	825		$	846		$	832		$	3,343		$	827		$	842		$	881		$	830		$	3,380

Annualized Yields
Fixed maturity securities—taxable		4.9	%		4.8	%		4.9	%		4.9	%		4.8	%		4.9	%		5.0	%		5.2	%		5.0	%		5.0	%
Fixed maturity securities—non-taxable		2.5	%		2.4	%		3.3	%		3.4	%		2.9	%		3.6	%		3.8	%		4.1	%		4.2	%		4.0	%
Commercial mortgage loans		5.7	%		5.9	%		5.7	%		5.5	%		5.7	%		6.0	%		5.6	%		5.6	%		5.5	%		5.7	%
Restricted commercial mortgage loans related to securitization entities		9.1	%		8.6	%		7.6	%		9.0	%		8.5	%		9.5	%		10.1	%		7.8	%		7.6	%		8.8	%
Equity securities		4.1	%		3.5	%		5.7	%		4.1	%		4.4	%		3.4	%		3.4	%		11.7	%		3.2	%		5.4	%
Other invested assets		18.3	%		19.8	%		13.9	%		15.8	%		17.0	%		14.3	%		13.4	%		15.8	%		11.7	%		13.6	%
Limited partnerships⁽¹⁾		14.0	%		2.3	%		22.6	%		11.5	%		12.7	%		-5.7	%		12.6	%		19.9	%		5.1	%		7.8	%
Restricted other invested assets related to securitization entities		1.1	%		0.2	%		0.1	%		—	%		0.3	%		—	%		0.2	%		0.2	%		0.3	%		—	%
Policy loans		7.4	%		7.6	%		7.8	%		8.0	%		7.7	%		8.0	%		7.7	%		7.9	%		8.0	%		7.9	%
Cash, cash equivalents and short-term investments		0.7	%		0.8	%		0.9	%		0.8	%		0.8	%		1.2	%		1.4	%		0.7	%		0.7	%		1.0	%

Gross investment income before expenses and fees		4.9	%		4.9	%		5.0	%		4.9	%		4.9	%		4.9	%		5.0	%		5.3	%		5.0	%		5.0	%
Expenses and fees		-0.1	%		-0.2	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.2	%		-0.2	%		-0.1	%

Net investment income		4.8	%		4.7	%		4.9	%		4.8	%		4.8	%		4.8	%		4.9	%		5.1	%		4.8	%		4.9	%

Yields for fixed maturity securities and equity securities are based on amortized cost and cost, respectively. Yields for securities lending activity, which is included in other invested assets, are calculated net of the corresponding securities lending liability.

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

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

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Net realized gains (losses) on available-for-sale securities:
Fixed maturity securities:
U.S. corporate	$	9		$	5		$	(1	)	$	8		$	21		$	15		$	4		$	1		$	(3	)	$	17
U.S. government, agencies and government-sponsored enterprises		1			2			2			2			7			5			1			—			3			9
Foreign corporate		3			1			1			1			6			(3	)		17			(8	)		(1	)		5
Foreign government		3			2			2			1			8			1			3			2			—			6
Tax-exempt		—			(1	)		1			(1	)		(1	)		7			1			(1	)		—			7
Mortgage-backed securities		(5	)		(1	)		(2	)		(2	)		(10	)		(8	)		(2	)		(1	)		(2	)		(13	)
Asset-backed securities		(14	)		(1	)		—			1			(14	)		(1	)		—			(1	)		—			(2	)
Equity securities		—			3			—			—			3			2			—			1			2			5
Foreign exchange		—			—			—			—			—			(1	)		(1	)		1			—			(1	)

Total net realized gains (losses) on available-for-sale securities		(3	)		10			3			10			20			17			23			(6	)		(1	)		33

Impairments:
Sub-prime residential mortgage-backed securities		(6	)		(8	)		(2	)		(2	)		(18	)		(2	)		(1	)		(3	)		(6	)		(12	)
Alt-A residential mortgage-backed securities		(1	)		(4	)		(7	)		(3	)		(15	)		(3	)		(2	)		(2	)		(4	)		(11	)

Total sub-prime and Alt-A residential mortgage-backed securities		(7	)		(12	)		(9	)		(5	)		(33	)		(5	)		(3	)		(5	)		(10	)		(23	)

Prime residential mortgage-backed securities		—			(1	)		(3	)		—			(4	)		(1	)		(3	)		(2	)		(3	)		(9	)
Other mortgage-backed securities		(1	)		(1	)		(1	)		(1	)		(4	)		(3	)		—			—			—			(3	)
Commercial mortgage-backed securities		(3	)		(3	)		(3	)		(3	)		(12	)		(3	)		(1	)		(4	)		—			(8	)
Corporate fixed maturity securities		(3	)		—			(10	)		—			(13	)		—			(27	)		—			(9	)		(36	)
Limited partnerships		—			—			(1	)		—			(1	)		—			—			(1	)		—			(1	)
Commercial mortgage loans		—			(2	)		—			(1	)		(3	)		—			—			(4	)		(1	)		(5	)

Total impairments		(14	)		(19	)		(27	)		(10	)		(70	)		(12	)		(34	)		(16	)		(23	)		(85	)

Net unrealized gains (losses) on trading securities		—			9			22			(17	)		14			(6	)		7			9			7			17
Derivative instruments		6			(2	)		(18	)		17			3			2			(50	)		(10	)		(6	)		(64	)
Commercial mortgage loans held-for-sale market valuation allowance		(2	)		1			1			2			2			2			2			1			(1	)		4
Contingent purchase price valuation change		—			(5	)		—			(1	)		(6	)		(1	)		(15	)		(1	)		—			(17	)
Net gains (losses) related to securitization entities		21			12			(3	)		22			52			3			(37	)		(3	)		6			(31	)
Other		—			—			—			—			—			(1	)		1			—			—			—

Net investment gains (losses), net of taxes		8			6			(22	)		23			15			4			(103	)		(26	)		(18	)		(143	)
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes		(7	)		(6	)		3			(5	)		(15	)		(3	)		26			3			3			29
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes		—			(1	)		—			(2	)		(3	)		—			(1	)		—			(1	)		(2	)

Net investment gains (losses), net of taxes and other adjustments	$	1		$	(1	)	$	(19	)	$	16		$	(3	)	$	1		$	(78	)	$	(23	)	$	(16	)	$	(116	)

Reconciliations of Non-GAAP Measures

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Reconciliation of Operating ROE

(amounts in millions)


Twelve Month Rolling Average ROE	Twelve months ended
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended⁽¹⁾	$	323		$	299		$	249		$	37		$	49
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	11,161		$	11,069		$	11,004		$	10,973		$	10,945
GAAP Basis ROE⁽¹⁾ divided by⁽²⁾		2.9	%		2.7	%		2.3	%		0.3	%		0.4	%

Operating ROE
Net operating income (loss) for the twelve months ended⁽¹⁾	$	399		$	356		$	297		$	104		$	148
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	11,161		$	11,069		$	11,004		$	10,973		$	10,945
Operating ROE⁽¹⁾ divided by⁽²⁾		3.6	%		3.2	%		2.7	%		0.9	%		1.4	%

Quarterly Average ROE	Three months ended
	December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012			December 31, 2011
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended⁽³⁾	$	166		$	34		$	76		$	47		$	142
Average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	11,270		$	11,184		$	11,123		$	11,052		$	10,947
Annualized GAAP Quarterly Basis ROE⁽³⁾ divided by⁽⁴⁾		5.9	%		1.2	%		2.7	%		1.7	%		5.2	%

Operating ROE
Net operating income (loss) for the period ended⁽³⁾	$	167		$	121		$	80		$	31		$	124
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	11,270		$	11,184		$	11,123		$	11,052		$	10,947
Annualized Operating Quarterly Basis ROE⁽³⁾ divided by⁽⁴⁾		5.9	%		4.3	%		2.9	%		1.1	%		4.5	%

Non-GAAP Definition for Operating ROE

The company references the non-GAAP financial measure entitled “operating return on equity” or “operating ROE.” The company defines operating ROE as net operating income (loss) divided by average ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) in average ending Genworth Financial, Inc.’s stockholders equity. Management believes that analysis of operating ROE enhances understanding of the efficiency with which the company deploys its capital. However, operating ROE as defined by the company should not be viewed as a substitute for GAAP net income (loss) available to Genworth Financial, Inc.’s common stockholders divided by average ending Genworth Financial, Inc.’s stockholders’ equity.

⁽¹⁾	The twelve months ended information is derived by adding the four quarters of net income (loss) available to Genworth Financial, Inc.’s common stockholders and net operating income (loss) from page 10 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 net operating income (loss) from page 10 herein.

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Reconciliation of Expense Ratio

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
GAAP Basis Expense Ratio
Acquisition and operating expenses, net of deferrals⁽¹⁾	$	330		$	504		$	502		$	530		$	1,866		$	569		$	581		$	581		$	563		$	2,294
Total revenues⁽²⁾	$	2,538		$	2,536		$	2,523		$	2,426		$	10,023		$	2,624		$	2,521		$	2,655		$	2,568		$	10,368

Expense ratio⁽¹⁾divided by⁽²⁾		13.0	%		19.9	%		19.9	%		21.8	%		18.6	%		21.7	%		23.0	%		21.9	%		21.9	%		22.1	%

GAAP Basis, As Adjusted—Expense Ratio
Acquisition and operating expenses, net of deferrals	$	330		$	504		$	502		$	530		$	1,866		$	569		$	581		$	581		$	563		$	2,294
Less lifestyle protection insurance business		113			117			126			127			483			139			143			156			152			590
Less wealth management business		59			63			64			92			278			93			95			92			92			372

Adjusted acquisition and operating expenses, net of deferrals⁽³⁾	$	158		$	324		$	312		$	311		$	1,105		$	337		$	343		$	333		$	319		$	1,332

Total revenues	$	2,538		$	2,536		$	2,523		$	2,426		$	10,023		$	2,624		$	2,521		$	2,655		$	2,568		$	10,368
Less lifestyle protection insurance business		195			198			211			218			822			226			245			281			270			1,022
Less wealth management business		74			82			122			112			390			114			115			114			110			453
Less net investment gains (losses)		10			8			(35	)		34			17			7			(155	)		(41	)		(30	)		(219	)

Adjusted total revenues⁽⁴⁾	$	2,259		$	2,248		$	2,225		$	2,062		$	8,794		$	2,277		$	2,316		$	2,301		$	2,218		$	9,112

Adjusted expense ratio⁽³⁾ divided by⁽⁴⁾		7.0	%		14.4	%		14.0	%		15.1	%		12.6	%		14.8	%		14.8	%		14.5	%		14.4	%		14.6	%

Non-GAAP Definition for Expense Ratio

The company references the non-GAAP financial measure entitled “expense ratio” as a measure of productivity. The company defines expense ratio as acquisition and operating expenses, net of deferrals, divided by total revenues, excluding the effects of the company’s lifestyle protection insurance and wealth management businesses. The lifestyle protection insurance and wealth management businesses are excluded from this ratio as their expense bases are comprised of varying levels of non-deferrable acquisition costs. Management believes that the expense ratio analysis enhances understanding of the productivity of the company. However, the expense ratio as defined by the company should not be viewed as a substitute for GAAP acquisition and operating expenses, net of deferrals, divided by total revenues.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Reconciliation of Core Premiums

(amounts in millions)


	2012															2011
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Reported premiums	$	1,318		$	1,311		$	1,302		$	1,107		$	5,038		$	1,352		$	1,461		$	1,455		$	1,437		$	5,705
Less U.S. Life Insurance—fixed annuities premiums		30			26			15			33			104			33			22			20			20			95
Less impact of changes in foreign exchange rates		(2	)		(34	)		(23	)		(3	)		(62	)		7			54			44			10			115

Core premiums	$	1,290		$	1,319		$	1,310		$	1,077		$	4,996		$	1,312		$	1,385		$	1,391		$	1,407		$	5,495

Reported premium percentage change from prior year		-2.5	%		-10.3	%		-10.5	%		-23.0	%		-11.7	%		-7.8	%		1.0	%		-1.0	%		-2.2	%		-2.5	%
Core premium percentage change from prior year		-1.7	%		-4.8	%		-5.8	%		-23.5	%		-9.1	%		-8.2	%		-2.2	%		-1.6	%		3.0	%		-2.3	%

Non-GAAP Definition for Core Premiums

The company references the non-GAAP financial measure entitled “core premiums” as a measure of premium growth. The company defines core premiums as earned premiums less premiums from the U.S. Life Insurance—fixed annuities business and the impact of changes in foreign exchange rates. The fixed annuities premiums are excluded in this measure primarily because these are single premiums and are not an indication of future premiums. The impact of changes in foreign exchange rates are excluded in this measure to present periods on a comparable exchange rate. Management believes that analysis of core premiums enhances understanding of premium growth of the company. However, core premiums as defined by the company should not be viewed as a substitute for GAAP earned premiums.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Reconciliation of Core Yield


		2012															2011
	(Assets—amounts in billions)	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
	Reported—Total Invested Assets and Cash	$	78.0		$	78.6		$	76.9		$	74.5		$	78.0		$	76.4		$	76.1		$	71.5		$	71.8		$	76.4
	Subtract:
	Securities lending		0.2			0.2			0.2			0.1			0.2			0.4			0.2			0.6			0.8			0.4
	Unrealized gains (losses)		7.2			7.3			6.4			4.1			7.2			5.0			5.7			1.7			1.2			5.0
	Derivative counterparty collateral		0.8			1.0			1.2			0.6			0.8			1.0			1.7			0.7			0.7			1.0

	Adjusted end of period invested assets	$	69.8		$	70.1		$	69.1		$	69.7		$	69.8		$	70.0		$	68.5		$	68.5		$	69.1		$	70.0

(A)	Average Invested Assets Used in Reported Yield Calculation	$	70.0		$	69.6		$	69.4		$	69.9		$	69.7		$	69.2		$	68.5		$	68.8		$	68.9		$	68.9
	Subtract:
	Restricted commercial mortgage loans and other invested assets related to securitization entities		0.3			0.4			0.3			0.4			0.4			0.4			0.4			0.5			0.5			0.5

(B)	Average Invested Assets Used in Core Yield Calculation		69.7			69.2			69.1			69.5			69.3			68.8			68.1			68.3			68.4			68.4
	Subtract:
	Portfolios supporting floating products and non-recourse funding obligations⁽¹⁾		6.2			6.6			6.8			7.5			6.8			7.9			8.1			8.3			8.6			8.2

(C)	Average Invested Assets Used in Core Yield (excl. Floating and Non-Recourse Funding) Calculation	$	63.5		$	62.6		$	62.3		$	62.0		$	62.5		$	60.9		$	60.0		$	60.0		$	59.8		$	60.2

	(Income—amounts in millions)
(D)	Reported—Net Investment Income	$	840		$	825		$	846		$	832		$	3,343		$	827		$	842		$	881		$	830		$	3,380
	Subtract:
	Bond calls and commercial mortgage loan prepayments		13			14			4			5			36			10			8			16			8			42
	Reinsurance⁽²⁾		16			19			24			22			81			19			21			36			32			108
	Other non-core items⁽³⁾		13			3			8			4			28			7			3			15			2			27
	Restricted commercial mortgage loans and other invested assets related to securitization entities		5			6			5			5			21			6			8			5			7			26

(E)	Core Net Investment Income		793			783			805			796			3,177			785			802			809			781			3,177
	Subtract:
	Investment income from portfolios supporting floating products and non-recourse funding obligations⁽¹⁾		31			29			30			33			123			35			33			37			34			139

(F)	Core Net Investment Income (excl. Floating and Non-Recourse Funding)	$	762		$	754		$	775		$	763		$	3,054		$	750		$	769		$	772		$	747		$	3,038

(D) / (A)	Reported Yield		4.80	%		4.74	%		4.88	%		4.76	%		4.80	%		4.78	%		4.92	%		5.12	%		4.82	%		4.91	%
(E) / (B)	Core Yield		4.55	%		4.53	%		4.66	%		4.58	%		4.58	%		4.56	%		4.71	%		4.74	%		4.57	%		4.65	%
(F) / (C)	Core Yield (excl. Floating and Non-Recourse Funding)		4.80	%		4.82	%		4.98	%		4.92	%		4.88	%		4.93	%		5.13	%		5.15	%		5.00	%		5.05	%

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 those items that are not recurring in nature. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield as defined by the company should not be viewed as a substitute for GAAP investment yield.

⁽¹⁾	Floating products refer to institutional products and the non-recourse funding obligations that support certain term and universal life insurance reserves in the company’s life insurance business.

⁽²⁾	Represents imputed investment income related to reinsurance agreements in the lifestyle protection insurance business.

⁽³⁾	Includes mark-to-market adjustment on assets supporting executive deferred compensation and various other immaterial items.

Corporate Information

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Financial Strength Ratings

The company’s principal life insurance subsidiaries are rated in terms of financial strength by Standard & Poor’s Financial Services LLC (S&P), Moody’s Investors Service, Inc. (Moody’s) and A.M. Best Company, Inc. (A.M. Best) as follows:


Company	S&P	Moody’s	A.M. Best
Genworth Life Insurance Company	A-	A3	A
Genworth Life Insurance Company (short-term rating)	A2	P-1	Not rated
Genworth Life and Annuity Insurance Company	A-	A3	A
Genworth Life and Annuity Insurance Company (short-term rating)	A2	P-1	Not rated
Genworth Life Insurance Company of New York	A-	A3	A

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

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


Company	S&P	Moody’s
Genworth Mortgage Insurance Corporation	B	Ba2
Genworth Residential Mortgage Insurance Corporation of NC	B	Ba2
Genworth Financial Mortgage Insurance Pty. Limited (Australia)	AA-	A3
Genworth Financial Mortgage Insurance Limited (Europe)	BBB-	Not rated
Genworth Financial Mortgage Insurance Company Canada⁽¹⁾	AA-	Not rated
Genworth Seguros de Credito a la Vivienda S.A. de C.V.⁽²⁾	mxAA-	Aa3.mx

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

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

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2012

Financial Strength Ratings (continued)

S&P states that an insurer rated “AA” (Very Strong) has very strong financial security characteristics that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments. Insurers rated “AA” (Very Strong), “A” (Strong), “BBB” (Good) or “B” (Weak) have very strong, strong, good, or weak financial security characteristics, respectively. The “AA,” “A,” “BBB” and “B” ranges are the second-, third-, fourth- and sixth-highest of nine financial strength rating ranges assigned by S&P, which range from “AAA” to “R.” A plus (+) or minus (-) shows relative standing in a rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “CCC” category. Accordingly, the “AA-,” “A-,” “BBB-” and “B” ratings are the fourth-, seventh-, tenth- and fifteenth-highest of S&P’s 21 ratings categories. The short-term “A-2” rating is the second highest rating and shows the capacity to meet financial commitments is satisfactory. An obligor rated “mxAA” has a very strong capacity to meet its financial commitments relative to that of other Mexican obligors. The “mxAA” rating is the second-highest enterprise credit rating assigned on S&P’s CaVal national scale.

Moody’s states that insurance companies rated “A” (Good) offer good financial security and those rated “Ba” (Questionable) offer questionable financial security. The “A” (Good) and “Ba” (Questionable) ranges are the third- and fifth-highest, respectively, of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the 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” and “Ba2” ratings are the seventh- and twelfth-highest, respectively, of Moody’s 21 ratings categories. The short-term rating “P-1” is the highest rating and shows superior ability for repayment of short-term debt obligations. Issuers or issues rated “Aa.mx” demonstrate very strong creditworthiness relative to other issuers in Mexico.

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

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

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

About Genworth Financial

Genworth is a leading financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers, with a presence in more than 25 countries. For more information, visit www.genworth.com.

Inquiries:

Georgette Nicholas, 804-662-2248

Georgette.Nicholas@genworth.com

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Financial Assurance Company Limited

Financial Insurance Company Limited