Genworth Financial (GNW) 8-K Genworth Financial Announces Fourth Quarter 2011 Results

Exhibit 99.2

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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 (Loss)		7
Net Operating Income (Loss) 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—Insurance and Wealth Management Division		17-30
Net Operating Income and Sales—Mortgage Insurance Division		32-57
Net Operating Loss and Sales—Corporate and Runoff Division		59-66
Additional Financial Data
Investments Summary		68
Fixed Maturity Securities Summary		69
Commercial Mortgage Loans Summary		70-71
General Account GAAP Net Investment Income Yields		72
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail		73
Reconciliations of Non-GAAP Measures
Reconciliation of Operating Return On Equity (ROE)		75
Reconciliation of Expense Ratio		76
Reconciliation of Core Premiums		77
Reconciliation of Core Yield		78
Corporate Information
Industry Ratings		80-81

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.

2

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Dear Investor,

In conjunction with Genworth’s realignment announced in fourth quarter 2011, the fourth quarter financial supplement has been re-presented to reflect the following changes:

1) Reflects new divisions:

a. Insurance and Wealth Management Division

i. U.S. Life Insurance segment

1. Life Insurance

2. Long-Term Care

3. Fixed Annuities

ii. International Protection segment

iii. Wealth Management segment

b. Mortgage Insurance Division

i. International Mortgage Insurance segment

1. Canada

2. Australia

3. Other Countries

ii. U.S. Mortgage Insurance segment

c. Corporate and Runoff Division

i. Runoff segment (includes non-strategic products primarily consisting of variable annuity, institutional and Medicare supplement insurance products)

ii. Corporate and Other

2) Life insurance in-force (page 23): whole life insurance has been combined with term life insurance reflecting products no longer being sold by the company.

3) International Protection segment (page 28): Revised sales by region to reflect how the business is currently being managed.

4) Provided average effective loan-to-value ratios by policy year for Canada and Australia for the current period (pages 42 and 44).

5) Medicare supplement insurance business which was previously reported in the long-term care insurance business is now reported in the Runoff segment (page 63).

6) The home equity access business which was previously reported in the long-term care insurance business is now reported in Corporate and Other (page 66).

The revisions to the financial supplement relate solely to the presentation of segment specific disclosures and do not reflect any subsequent accounting changes.

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

3

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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 net income attributable to noncontrolling interests, after-tax net investment gains (losses) and other adjustments 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. Infrequent or unusual 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. However, 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. There were no infrequent or unusual non-operating items excluded from net operating income (loss) available to Genworth Financial, Inc.’s common stockholders during the periods presented other than a $20 million after-tax gain related to the sale of the Medicare supplement insurance business recorded in the fourth quarter of 2011 and a $106 million tax benefit related to separation from the company’s former parent recorded in the first quarter of 2010. The table on page 8 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 three and twelve months ended December 31, 2011 and 2010. 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 75 through 78 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, long-term care and Medicare supplement insurance; (2) new and additional premiums/deposits for universal and term universal life insurance, linked-benefits, spread-based and variable products; (3) gross flows and net flows, which represent gross flows less redemptions, for the wealth management business; (4) 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 (5) new insurance written for mortgage insurance. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers annualized first-year premiums, new premiums/deposits, gross and net flows, written premiums, premium equivalents 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, Australia and New Zealand. 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

4

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Financial Highlights

(amounts in millions, except per share data)

Balance Sheet Data	December 31, 2011		September 30, 2011		June 30, 2011		March 31, 2011		December 31, 2010
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income	$	12,520	$	12,406	$	12,370	$	12,457	$	12,369
Total accumulated other comprehensive income		4,021		3,872		2,062		1,620		1,492
Total Genworth Financial, Inc.’s stockholders’ equity	$	16,541	$	16,278	$	14,432	$	14,077	$	13,861
Book value per common share	$	33.70	$	33.16	$	29.41	$	28.70	$	28.31
Book value per common share, excluding accumulated other comprehensive income	$	25.50	$	25.27	$	25.21	$	25.40	$	25.26
Common shares outstanding as of the balance sheet date		490.9		490.9		490.7		490.5		489.7

	Twelve months ended
Twelve Month Rolling Average ROE	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
GAAP Basis ROE		1.0	%		-1.2	%		-0.7	%		0.4	%		1.1	%
Operating ROE(1)		1.7	%		-0.1	%		-0.7	%		0.9	%		1.0	%

	Three months ended
Quarterly Average ROE	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
GAAP Basis ROE		3.4	%		0.9	%		-3.1	%		2.6	%		-5.2	%
Operating ROE(1)		2.8	%		3.4	%		-2.4	%		3.2	%		-4.3	%

Basic and Diluted Shares	Three months ended December 31, 2011		Twelve months ended December 31, 2011
Weighted-average shares used in basic earnings per common share calculations		490.9		490.6
Potentially dilutive securities:
Stock options, restricted stock units and stock appreciation rights		1.8		2.9
Weighted-average shares used in diluted earnings per common share calculations		492.7		493.5

⁽¹⁾  See page 75 herein for a reconciliation of GAAP Basis ROE to Operating ROE.

5

Fourth Quarter Results

6

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Income (Loss)

(amounts in millions)

	Three months ended December 31,						Twelve months ended December 31,
	2011			2010			2011			2010
REVENUES:
Premiums	$	1,352		$	1,467		$	5,705		$	5,854
Net investment income		827			863			3,380			3,266
Net investment gains (losses)		5			(39	)		(220	)		(143	)
Insurance and investment product fees and other		416			300			1,479			1,112
Total revenues		2,600			2,591			10,344			10,089
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,388			1,837			5,926			5,994
Interest credited		195			205			794			841
Acquisition and operating expenses, net of deferrals		508			519			2,032			1,965
Amortization of deferred acquisition costs and intangibles		171			166			743			756
Goodwill impairment		29			—			29			—
Interest expense		121			119			506			457
Total benefits and expenses		2,412			2,846			10,030			10,013
INCOME (LOSS) BEFORE INCOME TAXES		188			(255	)		314			76
Provision (benefit) for income taxes		48			(129	)		53			(209	)
Effective tax rate		25.5	%		50.6	%		16.9	%		-275.0	%
NET INCOME (LOSS)		140			(126	)		261			285
Less: net income attributable to noncontrolling interests		33			35			139			143
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	107		$	(161	)	$	122		$	142

7

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss) by Segment

(amounts in millions, except per share amounts)

	Three months ended December 31,						Twelve months ended December 31,
	2011			2010			2011			2010
Insurance and Wealth Management Division
U.S. Life Insurance segment:
Life Insurance	$	60		$	42		$	256		$	144
Long-Term Care		38			37			132			163
Fixed Annuities		16			21			74			79
Total U.S. Life Insurance segment		114			100			462			386
International Protection segment		19			19			94			71
Wealth Management segment		12			11			47			40
Total Insurance and Wealth Management Division		145			130			603			497
Mortgage Insurance Division
International Mortgage Insurance segment:
Canada		40			46			161			176
Australia		53			55			200			205
Other Countries		(15	)		(3	)		(29	)		(18	)
Total International Mortgage Insurance segment		78			98			332			363
U.S. Mortgage Insurance segment		(94	)		(352	)		(507	)		(580	)
Total Mortgage Insurance Division		(16	)		(254	)		(175	)		(217	)
Corporate and Runoff Division
Runoff segment		20			34			25			30
Corporate and Other		(63	)		(45	)		(239	)		(184	)
Total Corporate and Runoff Division		(43	)		(11	)		(214	)		(154	)
NET OPERATING INCOME (LOSS)		86			(135	)		214			126
ADJUSTMENTS TO NET OPERATING INCOME (LOSS):
Net investment gains (losses), net of taxes and other adjustments(1)		1			(26	)		(112	)		(90	)
Gain on sale of business, net of taxes		20			—			20			—
Net tax benefit related to separation from the company’s former parent		—			—			—			106
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		107			(161	)		122			142
Add: net income attributable to noncontrolling interests		33			35			139			143
NET INCOME (LOSS)	$	140		$	(126	)	$	261		$	285
Earnings (Loss) Per Share Data:
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.22		$	(0.33	)	$	0.25		$	0.29
Diluted	$	0.22		$	(0.33	)	$	0.25		$	0.29
Net operating income (loss) per common share
Basic	$	0.17		$	(0.28	)	$	0.44		$	0.26
Diluted	$	0.17		$	(0.28	)	$	0.43		$	0.25
Weighted-average shares outstanding
Basic		490.9			489.6			490.6			489.3
Diluted		492.7			489.6			493.5			493.9

⁽¹⁾  See page 73 for details on net investment gains (losses), net of taxes and other adjustments.

8

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Consolidated Net Income (Loss) by Quarter

(amounts in millions, except per share amounts)

	2011														2010
	4Q		3Q			2Q			1Q			Total			4Q			3Q		2Q			1Q			Total
REVENUES:
Premiums	$	1,352	$	1,461		$	1,455		$	1,437		$	5,705		$	1,467		$	1,447	$	1,470		$	1,470		$	5,854
Net investment income		827		842			881			830			3,380			863			815		823			765			3,266
Net investment gains (losses)		5		(157	)		(40	)		(28	)		(220	)		(39	)		105		(139	)		(70	)		(143	)
Insurance and investment product fees and other		416		375			359			329			1,479			300			300		256			256			1,112
Total revenues		2,600		2,521			2,655			2,568			10,344			2,591			2,667		2,410			2,421			10,089
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,388		1,457			1,672			1,409			5,926			1,837			1,502		1,340			1,315			5,994
Interest credited		195		194			204			201			794			205			212		211			213			841
Acquisition and operating expenses, net of deferrals		508		510			514			500			2,032			519			472		499			475			1,965
Amortization of deferred acquisition costs and intangibles		171		190			197			185			743			166			227		179			184			756
Goodwill impairment		29		—			—			—			29			—			—		—			—			—
Interest expense		121		124			134			127			506			119			114		109			115			457
Total benefits and expenses		2,412		2,475			2,721			2,422			10,030			2,846			2,527		2,338			2,302			10,013
INCOME (LOSS) BEFORE INCOME TAXES		188		46			(66	)		146			314			(255	)		140		72			119			76
Provision (benefit) for income taxes		48		(19	)		(6	)		30			53			(129	)		18		(5	)		(93	)		(209	)
NET INCOME (LOSS)		140		65			(60	)		116			261			(126	)		122		77			212			285
Less: net income attributable to noncontrolling interests		33		36			36			34			139			35			39		35			34			143
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’SCOMMON STOCKHOLDERS	$	107	$	29		$	(96	)	$	82		$	122		$	(161	)	$	83	$	42		$	178		$	142
Earnings (Loss) Per Share Data:
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.22	$	0.06		$	(0.20	)	$	0.17		$	0.25		$	(0.33	)	$	0.17	$	0.09		$	0.36		$	0.29
Diluted	$	0.22	$	0.06		$	(0.20	)	$	0.17		$	0.25		$	(0.33	)	$	0.17	$	0.08		$	0.36		$	0.29
Weighted-average shares outstanding
Basic		490.9		490.8			490.6			490.1			490.6			489.6			489.5		489.1			488.8			489.3
Diluted		492.7		492.5			490.6			494.4			493.5			489.6			493.9		494.2			493.5			493.9

9

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss) by Segment by Quarter

(amounts in millions, except per share amounts)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Insurance and Wealth Management Division
U.S. Life Insurance segment:
Life Insurance	$	60		$	72		$	72		$	52		$	256		$	42		$	33		$	32		$	37		$	144
Long-Term Care		38			23			27			44			132			37			38			46			42			163
Fixed Annuities		16			20			24			14			74			21			16			25			17			79
Total U.S. Life Insurance segment		114			115			123			110			462			100			87			103			96			386
International Protection segment		19			25			25			25			94			19			28			12			12			71
Wealth Management segment		12			12			13			10			47			11			8			10			11			40
Total Insurance and Wealth Management Division		145			152			161			145			603			130			123			125			119			497
Mortgage Insurance Division
International Mortgage Insurance segment:
Canada		40			39			31			51			161			46			44			45			41			176
Australia		53			41			54			52			200			55			48			59			43			205
Other Countries		(15	)		(7	)		(3	)		(4	)		(29	)		(3	)		1			(11	)		(5	)		(18	)
Total International Mortgage Insurance segment		78			73			82			99			332			98			93			93			79			363
U.S. Mortgage Insurance segment		(94	)		(79	)		(253	)		(81	)		(507	)		(352	)		(152	)		(40	)		(36	)		(580	)
Total Mortgage Insurance Division		(16	)		(6	)		(171	)		18			(175	)		(254	)		(59	)		53			43			(217	)
Corporate and Runoff Division
Runoff segment		20			(11	)		12			4			25			34			9			(7	)		(6	)		30
Corporate and Other		(63	)		(31	)		(76	)		(69	)		(239	)		(45	)		(44	)		(53	)		(42	)		(184	)
Total Corporate and Runoff Division		(43	)		(42	)		(64	)		(65	)		(214	)		(11	)		(35	)		(60	)		(48	)		(154	)
NET OPERATING INCOME (LOSS)		86			104			(74	)		98			214			(135	)		29			118			114			126
ADJUSTMENTS TO NET OPERATING INCOME (LOSS):
Net investment gains (losses), net of taxes and other adjustments		1			(75	)		(22	)		(16	)		(112	)		(26	)		54			(76	)		(42	)		(90	)
Gain on sale of business, net of taxes		20			—			—			—			20			—			—			—			—			—
Net tax benefit related to separation from the company’s former parent		—			—			—			—			—			—			—			—			106			106
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’SCOMMON STOCKHOLDERS		107			29			(96	)		82			122			(161	)		83			42			178			142
Add: net income attributable to noncontrolling interests		33			36			36			34			139			35			39			35			34			143
NET INCOME (LOSS)	$	140		$	65		$	(60	)	$	116		$	261		$	(126	)	$	122		$	77		$	212		$	285
Earnings (Loss) Per Share Data:
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per common share
Basic	$	0.22		$	0.06		$	(0.20	)	$	0.17		$	0.25		$	(0.33	)	$	0.17		$	0.09		$	0.36		$	0.29
Diluted	$	0.22		$	0.06		$	(0.20	)	$	0.17		$	0.25		$	(0.33	)	$	0.17		$	0.08		$	0.36		$	0.29
Net operating income (loss) per common share
Basic	$	0.17		$	0.21		$	(0.15	)	$	0.20		$	0.44		$	(0.28	)	$	0.06		$	0.24		$	0.23		$	0.26
Diluted	$	0.17		$	0.21		$	(0.15	)	$	0.20		$	0.43		$	(0.28	)	$	0.06		$	0.24		$	0.23		$	0.25
Weighted-average shares outstanding
Basic		490.9			490.8			490.6			490.1			490.6			489.6			489.5			489.1			488.8			489.3
Diluted		492.7			492.5			490.6			494.4			493.5			489.6			493.9			494.2			493.5			493.9

10

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Consolidated Balance Sheets

(amounts in millions)

	December 31, 2011		September 30, 2011		June 30, 2011		March 31, 2011		December 31, 2010
ASSETS
Investments:
Fixed maturity securities available-for-sale, at fair value	$	58,295	$	57,816	$	56,221	$	54,998	$	55,183
Equity securities available-for-sale, at fair value		361		354		374		355		332
Commercial mortgage loans		6,092		6,271		6,432		6,600		6,718
Restricted commercial mortgage loans related to securitization entities		411		430		457		485		507
Policy loans		1,549		1,556		1,542		1,480		1,471
Other invested assets		4,819		5,626		3,301		3,752		3,854
Restricted other invested assets related to securitization entities		377		377		379		376		372
Total investments		71,904		72,430		68,706		68,046		68,437
Cash and cash equivalents		4,488		3,648		2,831		3,742		3,132
Accrued investment income		691		725		693		794		733
Deferred acquisition costs		7,327		7,359		7,362		7,334		7,256
Intangible assets		577		626		692		713		741
Goodwill		1,253		1,326		1,333		1,331		1,329
Reinsurance recoverable		16,982		16,976		16,999		17,102		17,191
Other assets		958		1,002		988		883		810
Deferred tax asset		—		—		1,291		1,188		1,100
Separate account assets		10,122		9,794		11,452		11,807		11,666
Total assets	$	114,302	$	113,886	$	112,347	$	112,940	$	112,395

11

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Consolidated Balance Sheets

(amounts in millions)

	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	31,971		$	31,745		$	31,177		$	30,872		$	30,717
Policyholder account balances		26,345			26,480			26,115			26,399			26,978
Liability for policy and contract claims		7,620			7,379			7,327			6,959			6,933
Unearned premiums		4,257			4,210			4,563			4,529			4,541
Other liabilities		6,308			6,755			5,637			6,189			6,085
Borrowings related to securitization entities		396			414			452			489			494
Non-recourse funding obligations		3,256			3,280			3,374			3,431			3,437
Long-term borrowings		4,726			4,708			4,755			5,347			4,952
Deferred tax liability		1,636			1,753			1,937			1,689			1,621
Separate account liabilities		10,122			9,794			11,452			11,807			11,666
Total liabilities		96,637			96,518			96,789			97,711			97,424
Stockholders’ equity:
Common stock		1			1			1			1			1
Additional paid-in capital		12,124			12,117			12,110			12,101			12,095
Accumulated other comprehensive income (loss):
Net unrealized investment gains (losses):
Net unrealized gains on securities not other-than-temporarily impaired		1,586			1,579			352			77			21
Net unrealized gains (losses) on other-than-temporarily impaired securities		(132	)		(126	)		(116	)		(114	)		(121	)
Net unrealized investment gains (losses)		1,454			1,453			236			(37	)		(100	)
Derivatives qualifying as hedges		2,009			1,960			943			864			924
Foreign currency translation and other adjustments		558			459			883			793			668
Total accumulated other comprehensive income		4,021			3,872			2,062			1,620			1,492
Retained earnings		3,095			2,988			2,959			3,055			2,973
Treasury stock, at cost		(2,700	)		(2,700	)		(2,700	)		(2,700	)		(2,700	)
Total Genworth Financial, Inc.’s stockholders’ equity		16,541			16,278			14,432			14,077			13,861
Noncontrolling interests		1,124			1,090			1,126			1,152			1,110
Total stockholders’ equity		17,665			17,368			15,558			15,229			14,971
Total liabilities and stockholders’ equity	$	114,302		$	113,886		$	112,347		$	112,940		$	112,395

12

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Consolidated Balance Sheet by Segment

(amounts in millions)

	December 31, 2011
	U.S. Life Insurance		International Protection		Wealth Management		International Mortgage Insurance		U.S. Mortgage Insurance			Runoff			Corporate and Other(1)			Total
ASSETS
Cash and investments	$	53,846	$	1,825	$	47	$	9,245	$	2,665		$	4,481		$	4,974		$	77,083
Deferred acquisition costs and intangible assets		7,425		397		407		351		56			478			43			9,157
Reinsurance recoverable		15,774		29		—		6		208			965			—			16,982
Deferred tax and other assets		374		153		69		146		75			56			85			958
Separate account assets		—		—		—		—		—			10,122			—			10,122
Total assets	$	77,419	$	2,404	$	523	$	9,748	$	3,004		$	16,102		$	5,102		$	114,302
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	31,964	$	—	$	—	$	—	$	—		$	7		$	—		$	31,971
Policyholder account balances		20,943		17		—		—		—			5,385			—			26,345
Liability for policy and contract claims		4,418		133		—		553		2,488			28			—			7,620
Unearned premiums		610		592		—		2,932		112			11			—			4,257
Non-recourse funding obligations		3,356		—		—		—		—			—			(100	)		3,256
Deferred tax and other liabilities		5,149		540		50		635		(726	)		24			2,272			7,944
Borrowings and capital securities		—		—		—		561		—			6			4,555			5,122
Separate account liabilities		—		—		—		—		—			10,122			—			10,122
Total liabilities		66,440		1,282		50		4,681		1,874			15,583			6,727			96,637
Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		7,378		1,114		473		3,185		1,134			688			(1,452	)		12,520
Allocated accumulated other comprehensive income (loss)		3,601		8		—		758		(4	)		(169	)		(173	)		4,021
Total Genworth Financial, Inc.’s stockholders’ equity		10,979		1,122		473		3,943		1,130			519			(1,625	)		16,541
Noncontrolling interests		—		—		—		1,124		—			—			—			1,124
Total stockholders’ equity		10,979		1,122		473		5,067		1,130			519			(1,625	)		17,665
Total liabilities and stockholders’ equity	$	77,419	$	2,404	$	523	$	9,748	$	3,004		$	16,102		$	5,102		$	114,302

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

13

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Consolidated Balance Sheet by Segment

(amounts in millions)

	September 30, 2011
	U.S. Life Insurance		International Protection		Wealth Management		International Mortgage Insurance		U.S. Mortgage Insurance			Runoff			Corporate and Other(1)			Total
ASSETS
Cash and investments	$	53,524	$	2,018	$	40	$	8,985	$	2,775		$	4,855		$	4,606		$	76,803
Deferred acquisition costs and intangible assets		7,376		420		406		342		55			640			72			9,311
Reinsurance recoverable		15,713		33		—		5		260			965			—			16,976
Deferred tax and other assets		362		183		98		107		70			109			73			1,002
Separate account assets		—		—		—		—		—			9,794			—			9,794
Total assets	$	76,975	$	2,654	$	544	$	9,439	$	3,160		$	16,363		$	4,751		$	113,886
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	31,690	$	—	$	—	$	—	$	—		$	55		$	—		$	31,745
Policyholder account balances		20,862		17		—		—		—			5,601			—	��		26,480
Liability for policy and contract claims		4,189		150		—		499		2,486			55			—			7,379
Unearned premiums		571		639		—		2,863		111			26			—			4,210
Non-recourse funding obligations		3,380		—		—		—		—			—			(100	)		3,280
Deferred tax and other liabilities		5,146		508		46		690		(650	)		(33	)		2,801			8,508
Borrowings and capital securities		—		—		—		543		—			7			4,572			5,122
Separate account liabilities		—		—		—		—		—			9,794			—			9,794
Total liabilities		65,838		1,314		46		4,595		1,947			15,505			7,273			96,518
Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		7,624		1,300		498		3,140		1,193			1,014			(2,363	)		12,406
Allocated accumulated other comprehensive income (loss)		3,513		40		—		614		20			(156	)		(159	)		3,872
Total Genworth Financial, Inc.’s stockholders’ equity		11,137		1,340		498		3,754		1,213			858			(2,522	)		16,278
Noncontrolling interests		—		—		—		1,090		—			—			—			1,090
Total stockholders’ equity		11,137		1,340		498		4,844		1,213			858			(2,522	)		17,368
Total liabilities and stockholders’ equity	$	76,975	$	2,654	$	544	$	9,439	$	3,160		$	16,363		$	4,751		$	113,886

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

14

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Deferred Acquisition Costs Rollforward

(amounts in millions)

	U.S. Life Insurance			International Protection			Wealth Management		International Mortgage Insurance			U.S. Mortgage Insurance			Runoff			Corporate and Other(1)		Total
Unamortized balance as of September 30, 2011	$	6,493		$	310		$	—	$	259		$	43		$	549		$	—	$	7,654
Costs deferred		166			21			—		18			6			2			—		213
Amortization, net of interest accretion(1)		(76	)		(35	)		—		(19	)		(4	)		(2	)		—		(136	)
Impact of foreign currency translation		—			(8	)		—		9			—			—			—		1
Other(2)		—			—			—		—			—			(94	)				(94	)
Unamortized balance as of December 31, 2011		6,583			288			—		267			45			455			—		7,638
Effect of accumulated net unrealized investment (gains) losses		(302	)		—			—		—			—			(9	)		—		(311	)
Balance as of December 31, 2011	$	6,281		$	288		$	—	$	267		$	45		$	446		$	—	$	7,327

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

⁽²⁾  Relates to the sale of the Medicare supplement insurance business in the fourth quarter of 2011.

15

Insurance and Wealth Management Division

16

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income—Insurance and Wealth Management Division

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	950		$	959		$	961		$	948		$	3,818		$	973		$	981		$	987		$	1,002		$	3,943
Net investment income		666			675			701			669			2,711			681			655			657			634			2,627
Net investment gains (losses)		(2	)		(21	)		(32	)		(19	)		(74	)		(46	)		(11	)		(47	)		(50	)		(154	)
Insurance and investment product fees and other		292			307			290			261			1,150			223			218			202			191			834
Total revenues		1,906			1,920			1,920			1,859			7,605			1,831			1,843			1,799			1,777			7,250
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		995			1,001			970			943			3,909			995			963			946			940			3,844
Interest credited		163			160			170			166			659			168			172			173			172			685
Acquisition and operating expenses, net of deferrals		376			375			382			371			1,504			363			348			363			348			1,422
Amortization of deferred acquisition costs and intangibles		139			121			141			133			534			120			157			121			148			546
Interest expense		29			33			41			39			142			37			34			38			45			154
Total benefits and expenses		1,702			1,690			1,704			1,652			6,748			1,683			1,674			1,641			1,653			6,651
INCOME BEFORE INCOME TAXES		204			230			216			207			857			148			169			158			124			599
Provision for income taxes		63			76			74			72			285			49			54			54			36			193
NET INCOME		141			154			142			135			572			99			115			104			88			406
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		4			(2	)		19			10			31			31			8			21			31			91
NET OPERATING INCOME	$	145		$	152		$	161		$	145		$	603		$	130		$	123		$	125		$	119		$	497
Effective tax rate (operating income)(1)		30.8	%		33.4	%		34.1	%		34.7	%		33.3	%		34.0	%		32.3	%		34.2	%		30.7	%		32.9	%

⁽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.

17

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income—Insurance and Wealth Management Division

(amounts in millions)

	U.S. Life Insurance Segment
Three months ended December 31, 2011	Life Insurance			Long-Term Care			Fixed Annuities			Total U.S.  Life Insurance Segment			International Protection Segment			Wealth Management Segment			Total
REVENUES:
Premiums	$	205		$	520		$	33		$	758		$	192		$	—		$	950
Net investment income		131			246			255			632			34			—			666
Net investment gains (losses)		(13	)		8			5			—			(2	)		—			(2	)
Insurance and investment product fees and other		174			1			1			176			2			114			292
Total revenues		497			775			294			1,566			226			114			1,906
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		256			593			115			964			31			—			995
Interest credited		64			—			99			163			—			—			163
Acquisition and operating expenses, net of deferrals		38			89			22			149			134			93			376
Amortization of deferred acquisition costs and intangibles		34			35			31			100			37			2			139
Interest expense		26			—			—			26			3			—			29
Total benefits and expenses		418			717			267			1,402			205			95			1,702
INCOME BEFORE INCOME TAXES		79			58			27			164			21			19			204
Provision for income taxes		28			15			10			53			3			7			63
NET INCOME		51			43			17			111			18			12			141
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		9			(5	)		(1	)		3			1			—			4
NET OPERATING INCOME	$	60		$	38		$	16		$	114		$	19		$	12		$	145
Effective tax rate (operating income)		35.5	%		24.7	%		37.7	%		32.6	%		11.6	%		36.2	%		30.8	%

	U.S. Life Insurance Segment
Three months ended December 31, 2010	Life Insurance			Long-Term Care			Fixed Annuities			Total U.S.  Life Insurance Segment			International Protection Segment			Wealth Management Segment			Total
REVENUES:
Premiums	$	217		$	492		$	45		$	754		$	219		$	—		$	973
Net investment income		131			240			273			644			37			—			681
Net investment gains (losses)		(15	)		(19	)		(11	)		(45	)		(1	)		—			(46	)
Insurance and investment product fees and other		124			1			1			126			4			93			223
Total revenues		457			714			308			1,479			259			93			1,831
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		246			582			133			961			34			—			995
Interest credited		60			1			107			168			—			—			168
Acquisition and operating expenses, net of deferrals		40			86			18			144			143			76			363
Amortization of deferred acquisition costs and intangibles		38			7			29			74			45			1			120
Interest expense		26			—			—			26			11			—			37
Total benefits and expenses		410			676			287			1,373			233			77			1,683
INCOME BEFORE INCOME TAXES		47			38			21			106			26			16			148
Provision for income taxes		15			13			8			36			8			5			49
NET INCOME		32			25			13			70			18			11			99
ADJUSTMENT TO NET INCOME:
Net investment losses, net of taxes and other adjustments		10			12			8			30			1			—			31
NET OPERATING INCOME	$	42		$	37		$	21		$	100		$	19		$	11		$	130
Effective tax rate (operating income)		32.2	%		35.9	%		37.8	%		34.8	%		31.4	%		30.3	%		34.0	%

18

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income—Insurance and Wealth Management Division

(amounts in millions)

	U.S. Life Insurance Segment
Twelve months ended December 31, 2011	Life Insurance			Long-Term Care			Fixed Annuities			Total U.S.  Life Insurance Segment			International Protection Segment			Wealth Management Segment			Total
REVENUES:
Premiums	$	864		$	2,020		$	95		$	2,979		$	839		$	—		$	3,818
Net investment income		534			959			1,045			2,538			173			—			2,711
Net investment gains (losses)		(32	)		19			(60	)		(73	)		(1	)		—			(74	)
Insurance and investment product fees and other		676			4			6			686			11			453			1,150
Total revenues		2,042			3,002			1,086			6,130			1,022			453			7,605
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,019			2,324			431			3,774			135			—			3,909
Interest credited		255			—			404			659			—			—			659
Acquisition and operating expenses, net of deferrals		151			341			70			562			570			372			1,504
Amortization of deferred acquisition costs and intangibles		151			120			99			370			159			5			534
Interest expense		103			1			—			104			38			—			142
Total benefits and expenses		1,679			2,786			1,004			5,469			902			377			6,748
INCOME BEFORE INCOME TAXES		363			216			82			661			120			76			857
Provision for income taxes		128			72			29			229			27			29			285
NET INCOME		235			144			53			432			93			47			572
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		21			(12	)		21			30			1			—			31
NET OPERATING INCOME	$	256		$	132		$	74		$	462		$	94		$	47		$	603
Effective tax rate (operating income)		35.3	%		33.1	%		35.1	%		34.7	%		22.1	%		38.3	%		33.3	%

	U.S. Life Insurance Segment
Twelve months ended December 31, 2010	Life Insurance			Long-Term Care			Fixed Annuities			Total U.S.  Life Insurance Segment			International Protection Segment			Wealth Management Segment			Total
REVENUES:
Premiums	$	904		$	1,945		$	155		$	3,004		$	939		$	—		$	3,943
Net investment income		478			902			1,093			2,473			154			—			2,627
Net investment gains (losses)		(61	)		(17	)		(81	)		(159	)		5			—			(154	)
Insurance and investment product fees and other		457			4			7			468			14			352			834
Total revenues		1,778			2,834			1,174			5,786			1,112			352			7,250
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		953			2,169			526			3,648			196			—			3,844
Interest credited		243			4			438			685			—			—			685
Acquisition and operating expenses, net of deferrals		155			320			67			542			593			287			1,422
Amortization of deferred acquisition costs and intangibles		178			104			83			365			177			4			546
Interest expense		102			1			—			103			51			—			154
Total benefits and expenses		1,631			2,598			1,114			5,343			1,017			291			6,651
INCOME BEFORE INCOME TAXES		147			236			60			443			95			61			599
Provision for income taxes		45			84			22			151			21			21			193
NET INCOME		102			152			38			292			74			40			406
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		42			11			41			94			(3	)		—			91
NET OPERATING INCOME	$	144		$	163		$	79		$	386		$	71		$	40		$	497
Effective tax rate (operating income)		31.8	%		35.7	%		36.0	%		34.4	%		21.5	%		34.4	%		32.9	%

19

U.S. Life Insurance Segment

20

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income—U.S. Life Insurance Segment

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	758		$	750		$	738		$	733		$	2,979		$	754		$	763		$	743		$	744		$	3,004
Net investment income		632			637			648			621			2,538			644			623			619			587			2,473
Net investment gains (losses)		—			(19	)		(33	)		(21	)		(73	)		(45	)		(13	)		(49	)		(52	)		(159	)
Insurance and investment product fees and other		176			192			172			146			686			126			123			113			106			468
Total revenues		1,566			1,560			1,525			1,479			6,130			1,479			1,496			1,426			1,385			5,786
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		964			964			935			911			3,774			961			926			889			872			3,648
Interest credited		163			160			170			166			659			168			172			173			172			685
Acquisition and operating expenses, net of deferrals		149			143			139			131			562			144			136			134			128			542
Amortization of deferred acquisition costs and intangibles		100			84			94			92			370			74			117			77			97			365
Interest expense		26			27			25			26			104			26			27			28			22			103
Total benefits and expenses		1,402			1,378			1,363			1,326			5,469			1,373			1,378			1,301			1,291			5,343
INCOME BEFORE INCOME TAXES		164			182			162			153			661			106			118			125			94			443
Provision for income taxes		53			63			58			55			229			36			41			44			30			151
NET INCOME		111			119			104			98			432			70			77			81			64			292
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		3			(4	)		19			12			30			30			10			22			32			94
NET OPERATING INCOME	$	114		$	115		$	123		$	110		$	462		$	100		$	87		$	103		$	96		$	386
Effective tax rate (operating income)		32.6	%		34.5	%		35.8	%		35.6	%		34.7	%		34.8	%		34.8	%		35.0	%		32.9	%		34.4	%

21

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	205		$	215		$	222		$	222		$	864		$	217		$	226		$	232		$	229		$	904
Net investment income		131			132			141			130			534			131			122			119			106			478
Net investment gains (losses)		(13	)		(4	)		(15	)		—			(32	)		(15	)		(13	)		(7	)		(26	)		(61	)
Insurance and investment product fees and other		174			189			170			143			676			124			120			109			104			457
Total revenues		497			532			518			495			2,042			457			455			453			413			1,778
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		256			258			247			258			1,019			246			239			240			228			953
Interest credited		64			59			69			63			255			60			62			61			60			243
Acquisition and operating expenses, net of deferrals		38			43			41			29			151			40			39			39			37			155
Amortization of deferred acquisition costs and intangibles		34			38			41			38			151			38			52			43			45			178
Interest expense		26			26			25			26			103			26			26			28			22			102
Total benefits and expenses		418			424			423			414			1,679			410			418			411			392			1,631
INCOME BEFORE INCOME TAXES		79			108			95			81			363			47			37			42			21			147
Provision for income taxes		28			38			33			29			128			15			13			14			3			45
NET INCOME		51			70			62			52			235			32			24			28			18			102
ADJUSTMENT TO NET INCOME:
Net investment losses, net of taxes and other adjustments		9			2			10			—			21			10			9			4			19			42
NET OPERATING INCOME	$	60		$	72		$	72		$	52		$	256		$	42		$	33		$	32		$	37		$	144
Effective tax rate (operating income)		35.5	%		35.0	%		35.4	%		35.5	%		35.3	%		32.2	%		34.9	%		34.6	%		25.4	%		31.8	%
SALES:
Sales by Product:
Term Life	$	—		$	1		$	—		$	—		$	1		$	—		$	1		$	4		$	14		$	19
Term Universal Life		31			34			36			31			132			31			31			24			10			96
Universal Life:
Annualized First-Year Deposits		12			10			9			11			42			10			10			9			8			37
Linked-Benefits(1)		20			20			25			23			88			14			14			11			11			50
Excess Deposits		37			40			35			36			148			33			26			27			20			106
Sales by Distribution Channel:
Financial Intermediaries	$	9		$	12		$	14		$	14		$	49		$	8		$	9		$	7		$	6		$	30
Independent Producers		89			92			88			85			354			79			72			67			56			274
Dedicated Sales Specialist		2			1			3			2			8			1			1			1			1			4
Total Sales(1)	$	100		$	105		$	105		$	101		$	411		$	88		$	82		$	75		$	63		$	308

In the first quarter of 2011, the company began reporting the results of the linked-benefits product for universal life insurance in the life insurance business. The linked-benefits product for universal life insurance was previously reported in the long-term care insurance business. The amounts associated with this product were not material and the prior period amounts in the financial statements have not been re-presented.

⁽¹⁾  The sales for the linked-benefits product were previously reported in the long-term care insurance business in 2010 but have been reflected in this business for comparability purposes.

22

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Life Insurance In-Force

(amounts in millions)

	2011								2010
	4Q		3Q		2Q		1Q		4Q		3Q		2Q		1Q
Term and Whole Life Insurance(1)
Life insurance in-force, net of reinsurance	$	439,743	$	444,861	$	449,806	$	454,704	$	459,763	$	468,070	$	471,004	$	475,667
Life insurance in-force before reinsurance	$	568,261	$	575,689	$	583,007	$	590,569	$	598,333	$	606,808	$	615,618	$	623,547
Term Universal Life Insurance
Life insurance in-force, net of reinsurance	$	99,753	$	87,238	$	73,569	$	58,371	$	45,256	$	31,761	$	17,754	$	5,453
Life insurance in-force before reinsurance	$	100,476	$	87,896	$	74,107	$	58,811	$	45,562	$	31,935	$	17,820	$	5,456
Universal Life Insurance(1)
Life insurance in-force, net of reinsurance	$	42,363	$	42,015	$	41,737	$	41,543	$	41,183	$	41,002	$	40,837	$	40,741
Life insurance in-force before reinsurance	$	49,204	$	48,199	$	47,990	$	47,831	$	47,528	$	47,430	$	47,283	$	47,216
Total Life Insurance
Life insurance in-force, net of reinsurance	$	581,859	$	574,114	$	565,112	$	554,618	$	546,202	$	540,833	$	529,595	$	521,861
Life insurance in-force before reinsurance	$	717,941	$	711,784	$	705,104	$	697,211	$	691,423	$	686,173	$	680,721	$	676,219

⁽¹⁾  The prior period amounts have been re-presented to report in-force amounts for whole life insurance with term life insurance as these products are no longer being sold. In-force amounts for whole life insurance were previously reported with universal life insurance.

23

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	520		$	513		$	496		$	491		$	2,020		$	492		$	495		$	479		$	479		$	1,945
Net investment income		246			244			240			229			959			240			230			223			209			902
Net investment gains (losses)		8			27			(8	)		(8	)		19			(19	)		(5	)		5			2			(17	)
Insurance and investment product fees and other		1			1			1			1			4			1			1			2			—			4
Total revenues		775			785			729			713			3,002			714			721			709			690			2,834
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		593			605			583			543			2,324			582			548			522			517			2,169
Interest credited		—			—			—			—			—			1			1			1			1			4
Acquisition and operating expenses, net of deferrals		89			86			83			83			341			86			81			79			74			320
Amortization of deferred acquisition costs and intangibles		35			29			28			28			120			7			37			29			31			104
Interest expense		—			1			—			—			1			—			1			—			—			1
Total benefits and expenses		717			721			694			654			2,786			676			668			631			623			2,598
INCOME BEFORE INCOME TAXES		58			64			35			59			216			38			53			78			67			236
Provision for income taxes		15			23			13			21			72			13			19			28			24			84
NET INCOME		43			41			22			38			144			25			34			50			43			152
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		(5	)		(18	)		5			6			(12	)		12			4			(4	)		(1	)		11
NET OPERATING INCOME	$	38		$	23		$	27		$	44		$	132		$	37		$	38		$	46		$	42		$	163
Effective tax rate (operating income)		24.7	%		35.6	%		36.7	%		35.9	%		33.1	%		35.9	%		35.4	%		35.5	%		36.1	%		35.7	%
SALES:
Sales by Distribution Channel:
Financial Intermediaries	$	6		$	6		$	5		$	5		$	22		$	4		$	5		$	3		$	4		$	16
Independent Producers		35			34			31			29			129			23			21			18			16			78
Dedicated Sales Specialist		15			14			14			12			55			12			12			13			11			48
Total Individual Long-Term Care		56			54			50			46			206			39			38			34			31			142
Group Long-Term Care		9			—			2			2			13			3			3			3			8			17
Total Sales(1)	$	65		$	54		$	52		$	48		$	219		$	42		$	41		$	37		$	39		$	159
RATIOS:
Loss Ratio(2)		67.1	%		71.4	%		70.4	%		64.5	%		68.4	%		72.8	%		66.6	%		64.6	%		64.6	%		67.2	%
Gross Benefits Ratio(3)		114.1	%		118.0	%		117.3	%		110.6	%		115.0	%		118.3	%		110.8	%		108.9	%		107.8	%		111.5	%

In the first quarter of 2011, the company began reporting the results of the linked-benefits product for universal life insurance and fixed annuities in the life insurance and fixed annuities businesses, respectively. The linked-benefits product was previously reported in the long-term care insurance business. The amounts associated with this product were not material and the prior period amounts in the financial statements have not been re-presented.

⁽¹⁾  The sales associated with linked-benefits products related to universal life insurance and single premium deferred annuities that were previously reported in the long-term care insurance business are being reflected in the life insurance and fixed annuities businesses, respectively, for comparability purposes.

⁽²⁾  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.

⁽³⁾  The gross benefits ratio was calculated by dividing the benefits and other changes in policy reserves by net earned premiums.

24

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	33		$	22		$	20		$	20		$	95		$	45		$	42		$	32		$	36		$	155
Net investment income		255			261			267			262			1,045			273			271			277			272			1,093
Net investment gains (losses)		5			(42	)		(10	)		(13	)		(60	)		(11	)		5			(47	)		(28	)		(81	)
Insurance and investment product fees and other		1			2			1			2			6			1			2			2			2			7
Total revenues		294			243			278			271			1,086			308			320			264			282			1,174
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		115			101			105			110			431			133			139			127			127			526
Interest credited		99			101			101			103			404			107			109			111			111			438
Acquisition and operating expenses, net of deferrals		22			14			15			19			70			18			16			16			17			67
Amortization of deferred acquisition costs and intangibles		31			17			25			26			99			29			28			5			21			83
Interest expense		—			—			—			—			—			—			—			—			—			—
Total benefits and expenses		267			233			246			258			1,004			287			292			259			276			1,114
INCOME BEFORE INCOME TAXES		27			10			32			13			82			21			28			5			6			60
Provision for income taxes		10			2			12			5			29			8			9			2			3			22
NET INCOME		17			8			20			8			53			13			19			3			3			38
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		12			4			6			21			8			(3	)		22			14			41
NET OPERATING INCOME	$	16		$	20		$	24		$	14		$	74		$	21		$	16		$	25		$	17		$	79
Effective tax rate (operating income)		37.7	%		31.4	%		35.8	%		35.6	%		35.1	%		37.8	%		33.4	%		34.6	%		38.3	%		36.0	%
SALES:
Sales by Product:
Single Premium Immediate Annuities	$	70		$	49		$	52		$	57		$	228		$	79		$	82		$	72		$	68		$	301
Single Premium Deferred Annuities(1)		293			446			272			109			1,120			110			136			91			39			376
Total Sales	$	363		$	495		$	324		$	166		$	1,348		$	189		$	218		$	163		$	107		$	677
Sales by Distribution Channel:
Financial Intermediaries	$	233		$	411		$	243		$	108		$	995		$	114		$	103		$	78		$	60		$	355
Independent Producers		127			82			79			55			343			70			108			79			44			301
Dedicated Sales Specialists		3			2			2			3			10			5			7			6			3			21
Total Sales(1)	$	363		$	495		$	324		$	166		$	1,348		$	189		$	218		$	163		$	107		$	677

In the first quarter of 2011, the company began reporting the results of the linked-benefits product for single premium deferred annuities in the fixed annuities business. The linked-benefits product for single premium deferred annuities was previously reported in the long-term care insurance business. The amounts associated with this product were not material and the prior period amounts in the financial statements have not been re-presented.

⁽¹⁾  The sales for the linked-benefits product were previously reported in the long-term care insurance business in 2010 but have been reflected in this business for comparability purposes.

25

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Single Premium Deferred Annuities
Account value, beginning of the period	$	10,775		$	10,582		$	10,660		$	10,819		$	10,819		$	10,972		$	11,117		$	11,234		$	11,409		$	11,409
Deposits		295			450			275			120			1,140			108			136			92			41			377
Surrenders, benefits and product charges		(325	)		(345	)		(441	)		(368	)		(1,479	)		(353	)		(376	)		(304	)		(312	)		(1,345	)
Net flows		(30	)		105			(166	)		(248	)		(339	)		(245	)		(240	)		(212	)		(271	)		(968	)
Interest credited		86			88			88			89			351			92			95			95			96			378
Account value, end of the period		10,831			10,775			10,582			10,660			10,831			10,819			10,972			11,117			11,234			10,819
Single Premium Immediate Annuities
Account value, beginning of the period		6,482			6,384			6,411			6,528			6,528			6,783			6,529			6,593			6,675			6,675
Premiums and deposits		96			77			85			85			343			102			116			100			95			413
Surrenders, benefits and product charges		(250	)		(245	)		(253	)		(256	)		(1,004	)		(261	)		(251	)		(251	)		(265	)		(1,028	)
Net flows		(154	)		(168	)		(168	)		(171	)		(661	)		(159	)		(135	)		(151	)		(170	)		(615	)
Interest credited		79			80			82			83			324			84			85			87			88			344
Effect of accumulated net unrealized investment gains (losses)		26			186			59			(29	)		242			(180	)		304			—			—			124
Account value, end of the period		6,433			6,482			6,384			6,411			6,433			6,528			6,783			6,529			6,593			6,528
Structured Settlements
Account value, net of reinsurance, beginning of the period		1,109			1,113			1,113			1,113			1,113			1,114			1,115			1,115			1,115			1,115
Surrenders, benefits and product charges		(17	)		(18	)		(14	)		(15	)		(64	)		(16	)		(16	)		(15	)		(14	)		(61	)
Net flows		(17	)		(18	)		(14	)		(15	)		(64	)		(16	)		(16	)		(15	)		(14	)		(61	)
Interest credited		15			14			14			15			58			15			15			15			14			59
Account value, net of reinsurance, end of the period		1,107			1,109			1,113			1,113			1,107			1,113			1,114			1,115			1,115			1,113
Total Fixed Annuities	$	18,371		$	18,366		$	18,079		$	18,184		$	18,371		$	18,460		$	18,869		$	18,761		$	18,942		$	18,460

26

International Protection Segment

27

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income and Sales—International Protection Segment

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	192		$	209		$	223		$	215		$	839		$	219		$	218		$	244		$	258		$	939
Net investment income		34			38			53			48			173			37			32			38			47			154
Net investment gains (losses)		(2	)		(2	)		1			2			(1	)		(1	)		2			2			2			5
Insurance and investment product fees and other		2			—			4			5			11			4			6			—			4			14
Total revenues		226			245			281			270			1,022			259			258			284			311			1,112
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		31			37			35			32			135			34			37			57			68			196
Acquisition and operating expenses, net of deferrals		134			137			151			148			570			143			139			157			154			593
Amortization of deferred acquisition costs and intangibles		37			36			46			40			159			45			39			43			50			177
Interest expense		3			6			16			13			38			11			7			10			23			51
Total benefits and expenses		205			216			248			233			902			233			222			267			295			1,017
INCOME BEFORE INCOME TAXES		21			29			33			37			120			26			36			17			16			95
Provision for income taxes		3			6			8			10			27			8			6			4			3			21
NET INCOME		18			23			25			27			93			18			30			13			13			74
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		1			2			—			(2	)		1			1			(2	)		(1	)		(1	)		(3	)
NET OPERATING INCOME(1)	$	19		$	25		$	25		$	25		$	94		$	19		$	28		$	12		$	12		$	71
Effective tax rate (operating income)		11.6	%		23.8	%		23.3	%		26.3	%		22.1	%		31.4	%		14.2	%		24.4	%		15.4	%		21.5	%
SALES:
Lifestyle Protection Insurance
Traditional indemnity premiums	$	234		$	252		$	270		$	240		$	996		$	230		$	232		$	220		$	263		$	945
Premium equivalents for administrative services only business		5			5			6			6			22			6			5			4			4			19
Reinsurance premiums assumed accounted for under the deposit method		167			181			193			177			718			191			201			200			170			762
Total Sales(2)	$	406		$	438		$	469		$	423		$	1,736		$	427		$	438		$	424		$	437		$	1,726
SALES BY REGION:
Lifestyle Protection Insurance
Northern Europe	$	149		$	166		$	169		$	156		$	640		$	153		$	157		$	149		$	177		$	636
Southern Europe		152			161			188			170			671			173			176			169			168			686
Latin America		6			7			2			—			15			—			—			—			—			—
Asia		—			—			—			—			—			—			—			—			—			—
Structured Deals(3)		93			97			103			89			382			87			85			93			78			343
Other		6			7			7			8			28			14			20			13			14			61
Total Sales	$	406		$	438		$	469		$	423		$	1,736		$	427		$	438		$	424		$	437		$	1,726
Loss Ratio		16	%		17	%		16	%		15	%		16	%		16	%		17	%		23	%		26	%		21	%

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 $15 million and $85 million for the three and twelve months ended December 31, 2011, respectively.

⁽²⁾  Sales adjusted for foreign exchange as compared to the prior year period for the International Protection segment were $409 million and $1,665 million for the three and twelve months ended December 31, 2011, respectively.

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

28

Wealth Management Segment

29

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	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		114			115			114			110			453			93			89			89			81			352
Total revenues		114			115			114			110			453			93			89			89			81			352
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—			—			—			—			—
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		93			95			92			92			372			76			73			72			66			287
Amortization of deferred acquisition costs and intangibles		2			1			1			1			5			1			1			1			1			4
Interest expense		—			—			—			—			—			—			—			—			—			—
Total benefits and expenses		95			96			93			93			377			77			74			73			67			291
INCOME BEFORE INCOME TAXES		19			19			21			17			76			16			15			16			14			61
Provision for income taxes		7			7			8			7			29			5			7			6			3			21
NET INCOME		12			12			13			10			47			11			8			10			11			40
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		—			—			—			—			—			—			—			—			—			—
NET OPERATING INCOME	$	12		$	12		$	13		$	10		$	47		$	11		$	8		$	10		$	11		$	40
Effective tax rate (operating income)		36.2	%		38.9	%		36.4	%		42.3	%		38.3	%		30.3	%		47.1	%		36.0	%		23.7	%		34.4	%
SALES:
Sales by Distribution Channel:
Independent Producers	$	1,278		$	1,395		$	1,622		$	1,785		$	6,080		$	1,334		$	1,189		$	1,195		$	1,265		$	4,983
Dedicated Sales Specialists		161			170			185			273			789			248			165			167			210			790
Total Sales	$	1,439		$	1,565		$	1,807		$	2,058		$	6,869		$	1,582		$	1,354		$	1,362		$	1,475		$	5,773
ASSETS UNDER MANAGEMENT:
Beginning of period	$	24,613		$	25,930		$	25,551		$	24,740		$	24,740		$	21,160		$	19,548		$	20,037		$	18,865		$	18,865
Gross flows		1,439			1,565			1,807			2,058			6,869			1,582			1,354			1,362			1,475			5,773
Redemptions		(1,455	)		(1,119	)		(1,143	)		(1,703	)		(5,420	)		(936	)		(893	)		(926	)		(971	)		(3,726	)
Net flows		(16	)		446			664			355			1,449			646			461			436			504			2,047
Market performance		490			(1,763	)		(285	)		456			(1,102	)		745			1,151			(925	)		668			1,639
Acquisition(1)		—			—			—			—			—			2,189			—			—			—			2,189
End of period	$	25,087		$	24,613		$	25,930		$	25,551		$	25,087		$	24,740		$	21,160		$	19,548		$	20,037		$	24,740

Wealth Management results represent Genworth Financial Wealth Management, Inc., Genworth Financial Investment Services, Inc., Genworth Financial Trust Company, Centurion Financial Advisers, Inc.,

Quantavis Consulting, Inc. and the Altegris companies.

⁽¹⁾  On December 31, 2010, the company acquired the operating assets of Altegris Capital, LLC (“Altegris”). Altegris provides a platform of alternative investments including hedge funds and managed futures products.

30

Mortgage Insurance Division

31

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss)—Mortgage Insurance Division

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	400		$	413		$	410		$	404		$	1,627		$	413		$	384		$	404		$	388		$	1,589
Net investment income		112			132			125			128			497			119			117			120			115			471
Net investment gains (losses)		43			34			6			5			88			20			21			(4	)		11			48
Insurance and investment product fees and other		6			—			6			2			14			3			9			(1	)		7			18
Total revenues		561			579			547			539			2,226			555			531			519			521			2,126
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		392			370			633			388			1,783			783			474			322			302			1,881
Acquisition and operating expenses, net of deferrals		84			88			89			84			345			91			81			81			83			336
Amortization of deferred acquisition costs and intangibles		26			30			30			31			117			30			26			28			25			109
Interest expense		10			9			6			6			31			4			4			—			—			8
Total benefits and expenses		512			497			758			509			2,276			908			585			431			410			2,334
INCOME (LOSS) BEFORE INCOME TAXES		49			82			(211	)		30			(50	)		(353	)		(54	)		88			111			(208	)
Provision (benefit) for income taxes		5			29			(80	)		(23	)		(69	)		(146	)		(46	)		2			28			(162	)
NET INCOME (LOSS)		44			53			(131	)		53			19			(207	)		(8	)		86			83			(46	)
Less: net income attributable to noncontrolling interests		33			36			36			34			139			35			39			35			34			143
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		11			17			(167	)		19			(120	)		(242	)		(47	)		51			49			(189	)
ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(27	)		(23	)		(4	)		(1	)		(55	)		(12	)		(12	)		2			(6	)		(28	)
NET OPERATING INCOME (LOSS)(1)	$	(16	)	$	(6	)	$	(171	)	$	18		$	(175	)	$	(254	)	$	(59	)	$	53		$	43		$	(217	)
Effective tax rate (operating income (loss))		54.9	%		-379.3	%		35.5	%		186.2	%		45.5	%		40.0	%		51.9	%		-28.1	%		19.2	%		51.8	%

⁽¹⁾  Net operating income (loss) adjusted for foreign exchange as compared to the prior year period for the Mortgage Insurance Division was $(20) million and $(208) million for the three and twelve months ended December 31, 2011, respectively.

32

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss)—Mortgage Insurance Division

(amounts in millions)

	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		25			21			8			54			30			84
Amortization of deferred acquisition costs and intangibles		12			9			1			22			4			26
Interest expense		6			4			—			10			—			10
Total benefits and expenses		104			77			28			209			303			512
INCOME (LOSS) BEFORE INCOME TAXES		96			68			(13	)		151			(102	)		49
Provision (benefit) for income taxes		23			14			3			40			(35	)		5
NET INCOME (LOSS)		73			54			(16	)		111			(67	)		44
Less: net income attributable to noncontrolling interests		33			—			—			33			—			33
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		40			54			(16	)		78			(67	)		11
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		$	53		$	(15	)	$	78		$	(94	)	$	(16	)
Effective tax rate (operating income (loss))		23.3	%		20.2	%		-25.3	%		27.2	%		34.4	%		54.9	%
	International Mortgage Insurance Segment
Three months ended December 31, 2010	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	154		$	92		$	16		$	262		$	151		$	413
Net investment income		48			41			3			92			27			119
Net investment gains (losses)		1			2			—			3			17			20
Insurance and investment product fees and other		—			—			1			1			2			3
Total revenues		203			135			20			358			197			555
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		49			33			13			95			688			783
Acquisition and operating expenses, net of deferrals		27			19			9			55			36			91
Amortization of deferred acquisition costs and intangibles		12			10			2			24			6			30
Interest expense		4			—			—			4			—			4
Total benefits and expenses		92			62			24			178			730			908
INCOME (LOSS) BEFORE INCOME TAXES		111			73			(4	)		180			(533	)		(353	)
Provision (benefit) for income taxes		30			16			(1	)		45			(191	)		(146	)
NET INCOME (LOSS)		81			57			(3	)		135			(342	)		(207	)
Less: net income attributable to noncontrolling interests		35			—			—			35			—			35
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		46			57			(3	)		100			(342	)		(242	)
ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			(2	)		—			(2	)		(10	)		(12	)
NET OPERATING INCOME (LOSS)	$	46		$	55		$	(3	)	$	98		$	(352	)	$	(254	)
Effective tax rate (operating income (loss))		24.3	%		21.0	%		35.5	%		22.1	%		35.9	%		40.0	%

33

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss)—Mortgage Insurance Division

(amounts in millions)

	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		97			69			43			209			136			345
Amortization of deferred acquisition costs and intangibles		53			45			3			101			16			117
Interest expense		23			8			—			31			—			31
Total benefits and expenses		401			305			93			799			1,477			2,276
INCOME (LOSS) BEFORE INCOME TAXES		422			307			(21	)		708			(758	)		(50	)
Provision (benefit) for income taxes		119			85			8			212			(281	)		(69	)
NET INCOME (LOSS)		303			222			(29	)		496			(477	)		19
Less: net income attributable to noncontrolling interests		139			—			—			139			—			139
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		164			222			(29	)		357			(477	)		(120	)
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)	$	161		$	200		$	(29	)	$	332		$	(507	)	$	(175	)
Effective tax rate (operating income (loss))		29.1	%		27.4	%		-37.6	%		31.1	%		37.0	%		45.5	%

	International Mortgage Insurance Segment
Twelve months ended December 31, 2010	Canada			Australia			Other Countries			Total International Mortgage Insurance Segment			U.S. Mortgage Insurance Segment			Total
REVENUES:
Premiums	$	600		$	337		$	57		$	994		$	595		$	1,589
Net investment income		188			154			13			355			116			471
Net investment gains (losses)		9			3			3			15			33			48
Insurance and investment product fees and other		(1	)		2			7			8			10			18
Total revenues		796			496			80			1,372			754			2,126
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		200			135			55			390			1,491			1,881
Acquisition and operating expenses, net of deferrals		96			66			43			205			131			336
Amortization of deferred acquisition costs and intangibles		48			37			5			90			19			109
Interest expense		8			—			—			8			—			8
Total benefits and expenses		352			238			103			693			1,641			2,334
INCOME (LOSS) BEFORE INCOME TAXES		444			258			(23	)		679			(887	)		(208	)
Provision (benefit) for income taxes		122			51			(7	)		166			(328	)		(162	)
NET INCOME (LOSS)		322			207			(16	)		513			(559	)		(46	)
Less: net income attributable to noncontrolling interests		143			—			—			143			—			143
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		179			207			(16	)		370			(559	)		(189	)
ADJUSTMENT TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(3	)		(2	)		(2	)		(7	)		(21	)		(28	)
NET OPERATING INCOME (LOSS)	$	176		$	205		$	(18	)	$	363		$	(580	)	$	(217	)
Effective tax rate (operating income (loss))		26.6	%		19.5	%		31.5	%		22.5	%		36.9	%		51.8	%

34

International Mortgage Insurance Segment

35

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income—International Mortgage Insurance Segment

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	260		$	273		$	268		$	262		$	1,063		$	262		$	235		$	251		$	246		$	994
Net investment income		96			103			99			95			393			92			89			89			85			355
Net investment gains (losses)		1			32			5			4			42			3			6			(1	)		7			15
Insurance and investment product fees and other		3			—			5			1			9			1			6			(1	)		2			8
Total revenues		360			408			377			362			1,507			358			336			338			340			1,372
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		123			119			107			109			458			95			83			106			106			390
Acquisition and operating expenses, net of deferrals		54			51			54			50			209			55			53			48			49			205
Amortization of deferred acquisition costs and intangibles		22			26			26			27			101			24			20			24			22			90
Interest expense		10			9			6			6			31			4			4			—			—			8
Total benefits and expenses		209			205			193			192			799			178			160			178			177			693
INCOME BEFORE INCOME TAXES		151			203			184			170			708			180			176			160			163			679
Provision for income taxes		40			73			63			36			212			45			43			31			47			166
NET INCOME		111			130			121			134			496			135			133			129			116			513
Less: net income attributable to noncontrolling interests		33			36			36			34			139			35			39			35			34			143
NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		78			94			85			100			357			100			94			94			82			370
ADJUSTMENT TO NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			(21	)		(3	)		(1	)		(25	)		(2	)		(1	)		(1	)		(3	)		(7	)
NET OPERATING INCOME(1)	$	78		$	73		$	82		$	99		$	332		$	98		$	93		$	93		$	79		$	363
Effective tax rate (operating income)		27.2	%		40.9	%		37.1	%		18.1	%		31.1	%		22.1	%		24.5	%		15.3	%		28.1	%		22.5	%

⁽¹⁾  Net operating income adjusted for foreign exchange as compared to the prior year period for the International Mortgage Insurance segment was $74 million and $299 million for the three and twelve months ended December 31, 2011, respectively.

36

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	153		$	153		$	157		$	156		$	619		$	154		$	148		$	151		$	147		$	600
Net investment income		47			51			50			48			196			48			48			47			45			188
Net investment gains (losses)		—			3			2			3			8			1			4			(1	)		5			9
Insurance and investment product fees and other		—			—			—			—			—			—			—			(1	)		—			(1	)
Total revenues		200			207			209			207			823			203			200			196			197			796
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		61			57			51			59			228			49			46			49			56			200
Acquisition and operating expenses, net of deferrals		25			24			25			23			97			27			24			23			22			96
Amortization of deferred acquisition costs and intangibles		12			13			14			14			53			12			11			13			12			48
Interest expense		6			5			6			6			23			4			4			—			—			8
Total benefits and expenses		104			99			96			102			401			92			85			85			90			352
INCOME BEFORE INCOME TAXES		96			108			113			105			422			111			115			111			107			444
Provision for income taxes		23			32			45			19			119			30			31			31			30			122
NET INCOME		73			76			68			86			303			81			84			80			77			322
Less: net income attributable to noncontrolling interests		33			36			36			34			139			35			39			35			34			143
NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		40			40			32			52			164			46			45			45			43			179
ADJUSTMENT TO NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			(1	)		(1	)		(1	)		(3	)		—			(1	)		—			(2	)		(3	)
NET OPERATING INCOME(1)	$	40		$	39		$	31		$	51		$	161		$	46		$	44		$	45		$	41		$	176
Effective tax rate (operating income)		23.3	%		31.8	%		49.7	%		9.1	%		29.1	%		24.3	%		29.0	%		26.5	%		26.7	%		26.6	%
SALES:
New Insurance Written (NIW)
Flow	$	5,200		$	6,800		$	6,400		$	4,400		$	22,800		$	5,600		$	6,700		$	6,700		$	4,000		$	23,000
Bulk		1,000			600			1,500			1,100			4,200			900			600			300			1,800			3,600
Total Canada NIW(2)	$	6,200		$	7,400		$	7,900		$	5,500		$	27,000		$	6,500		$	7,300		$	7,000		$	5,800		$	26,600

⁽¹⁾  Net operating income for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $39 million and $152 million for the three and twelve months ended December 31, 2011, respectively.

⁽²⁾  New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $6,100 million and $25,700 million for the three and twelve months ended December 31, 2011, respectively.

37

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	96		$	105		$	98		$	93		$	392		$	92		$	75		$	86		$	84		$	337
Net investment income		46			49			46			43			184			41			38			38			37			154
Net investment gains (losses)		2			30			2			—			34			2			1			—			—			3
Insurance and investment product fees and other		1			—			1			—			2			—			1			—			1			2
Total revenues		145			184			147			136			612			135			115			124			122			496
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		43			51			47			42			183			33			29			37			36			135
Acquisition and operating expenses, net of deferrals		21			15			17			16			69			19			17			14			16			66
Amortization of deferred acquisition costs and intangibles		9			12			12			12			45			10			9			9			9			37
Interest expense		4			4			—			—			8			—			—			—			—			—
Total benefits and expenses		77			82			76			70			305			62			55			60			61			238
INCOME BEFORE INCOME TAXES		68			102			71			66			307			73			60			64			61			258
Provision for income taxes		14			41			16			14			85			16			12			5			18			51
NET INCOME		54			61			55			52			222			57			48			59			43			207
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—			—			—			—			—
NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		54			61			55			52			222			57			48			59			43			207
ADJUSTMENT TO NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		(20	)		(1	)		—			(22	)		(2	)		—			—			—			(2	)
NET OPERATING INCOME(1)	$	53		$	41		$	54		$	52		$	200		$	55		$	48		$	59		$	43		$	205
Effective tax rate (operating income)		20.2	%		44.0	%		22.2	%		21.7	%		27.4	%		21.0	%		20.1	%		8.2	%		29.4	%		19.5	%
SALES:
New Insurance Written (NIW)
Flow	$	7,900		$	7,100		$	6,700		$	5,500		$	27,200		$	5,900		$	6,100		$	6,000		$	6,700		$	24,700
Bulk		1,100			100			2,300			1,000			4,500			1,500			900			1,200			700			4,300
Total Australia NIW(2)	$	9,000		$	7,200		$	9,000		$	6,500		$	31,700		$	7,400		$	7,000		$	7,200		$	7,400		$	29,000

⁽¹⁾  Net operating income for the Australian platform adjusted for foreign exchange as compared to the prior year period was $50 million and $175 million for the three and twelve months ended December 31, 2011, respectively.

⁽²⁾  New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $8,600 million and $28,100 million for the three and twelve months ended December 31, 2011, respectively.

38

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	11		$	15		$	13		$	13		$	52		$	16		$	12		$	14		$	15		$	57
Net investment income		3			3			3			4			13			3			3			4			3			13
Net investment gains (losses)		(1	)		(1	)		1			1			—			—			1			—			2			3
Insurance and investment product fees and other		2			—			4			1			7			1			5			—			1			7
Total revenues		15			17			21			19			72			20			21			18			21			80
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		19			11			9			8			47			13			8			20			14			55
Acquisition and operating expenses, net of deferrals		8			12			12			11			43			9			12			11			11			43
Amortization of deferred acquisition costs and intangibles		1			1			—			1			3			2			—			2			1			5
Interest expense		—			—			—			—			—			—			—			—			—			—
Total benefits and expenses		28			24			21			20			93			24			20			33			26			103
INCOME (LOSS) BEFORE INCOME TAXES		(13	)		(7	)		—			(1	)		(21	)		(4	)		1			(15	)		(5	)		(23	)
Provision (benefit) for income taxes		3			—			2			3			8			(1	)		—			(5	)		(1	)		(7	)
NET INCOME (LOSS)		(16	)		(7	)		(2	)		(4	)		(29	)		(3	)		1			(10	)		(4	)		(16	)
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—			—			—			—			—
NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		(16	)		(7	)		(2	)		(4	)		(29	)		(3	)		1			(10	)		(4	)		(16	)
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	)		—			—			—			—			(1	)		(1	)		(2	)
NET OPERATING INCOME (LOSS)(1)	$	(15	)	$	(7	)	$	(3	)	$	(4	)	$	(29	)	$	(3	)	$	1		$	(11	)	$	(5	)	$	(18	)
Effective tax rate (operating income (loss))		-25.3	%		-4.3	%		-514.6	%		-113.4	%		-37.6	%		35.5	%		15.8	%		31.0	%		28.8	%		31.5	%
SALES:
New Insurance Written (NIW)
Flow	$	400		$	500		$	600		$	500		$	2,000		$	600		$	700		$	700		$	700		$	2,700
Bulk		300			300			300			200			1,100			1,600			—			—			—			1,600
Total Other Countries NIW(2)	$	700		$	800		$	900		$	700		$	3,100		$	2,200		$	700		$	700		$	700		$	4,300

⁽¹⁾  Net operating income (loss) for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $(15) million and $(28) million for the three and twelve months ended December 31, 2011, respectively.

⁽²⁾  New insurance written for the Other Countries platform adjusted for foreign exchange as compared to the prior year period was $700 million and $3,000 million for the three and twelve months ended December 31, 2011, respectively.

39

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Net Premiums Written
Canada	$	122		$	164		$	155		$	101		$	542		$	131		$	160		$	153		$	90		$	534
Australia		104			92			90			61			347			65			63			65			64			257
Other Countries(1)		7			5			12			10			34			9			10			—			9			28
Total International Net Premiums Written	$	233		$	261		$	257		$	172		$	923		$	205		$	233		$	218		$	163		$	819
Loss Ratio(2)
Canada		40	%		36	%		33	%		38	%		37	%		32	%		31	%		32	%		38	%		33	%
Australia		46	%		48	%		48	%		45	%		47	%		37	%		38	%		42	%		44	%		40	%
Other Countries		165	%		85	%		59	%		62	%		91	%		81	%		69	%		136	%		93	%		96	%
Total International Loss Ratio		48	%		43	%		40	%		42	%		43	%		37	%		35	%		42	%		43	%		39	%
GAAP Basis Expense Ratio(3)
Canada		25	%		24	%		24	%		24	%		24	%		25	%		24	%		24	%		23	%		24	%
Australia		30	%		27	%		29	%		30	%		29	%		32	%		33	%		28	%		30	%		31	%
Other Countries(1)		76	%		95	%		94	%		87	%		89	%		74	%		97	%		86	%		82	%		84	%
Total International GAAP Basis Expense Ratio		29	%		29	%		30	%		29	%		29	%		31	%		31	%		29	%		29	%		30	%
Adjusted Expense Ratio(4)
Canada		31	%		22	%		25	%		37	%		28	%		29	%		23	%		23	%		38	%		27	%
Australia		28	%		30	%		32	%		46	%		33	%		45	%		39	%		37	%		39	%		40	%
Other Countries(1)		121	%		280	%		108	%		114	%		135	%		118	%		124	%		NM	(6)		129	%		170	%
Total International Adjusted Expense Ratio		32	%		30	%		31	%		45	%		34	%		38	%		31	%		33	%		44	%		36	%
Primary Insurance In-Force
Canada	$	261,300		$	250,200		$	264,700		$	256,700					$	246,300		$	234,400		$	220,400		$	225,400
Australia		281,500			264,300			296,200			284,600						283,500			267,100			233,100			254,400
Other Countries		32,600			33,600			37,000			36,200						34,300			33,900			30,600			35,700
Total International Primary Insurance In-Force	$	575,400		$	548,100		$	597,900		$	577,500					$	564,100		$	535,400		$	484,100		$	515,500
Primary Risk In-Force(5)
Canada
Flow	$	74,000		$	70,600		$	74,400		$	72,200					$	69,300		$	65,500		$	61,300		$	62,400
Bulk		17,500			16,900			18,200			17,700						16,900			16,500			15,800			16,500
Total Canada		91,500			87,500			92,600			89,900						86,200			82,000			77,100			78,900
Australia
Flow		88,700			83,300			93,200			90,000						88,900			83,500			73,000			79,400
Bulk		9,800			9,200			10,500			9,600						10,400			10,000			8,600			9,600
Total Australia		98,500			92,500			103,700			99,600						99,300			93,500			81,600			89,000
Other Countries
Flow(1)		4,100			4,400			4,800			4,700						4,500			4,500			4,000			4,700
Bulk		400			400			500			500						400			200			300			300
Total Other Countries		4,500			4,800			5,300			5,200						4,900			4,700			4,300			5,000
Total International Primary Risk In-Force	$	194,500		$	184,800		$	201,600		$	194,700					$	190,400		$	180,200		$	163,000		$	172,900

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 $114 million and $92 million of risk in-force in Europe ceded under a quota share reinsurance agreement as of 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 deferred acquisition costs (DAC) and intangibles.

⁽⁴⁾  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.

⁽⁵⁾  The businesses in Australia, New Zealand 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, New Zealand and Canada. This factor was 35% for all periods presented.

⁽⁶⁾  “NM” is defined as not meaningful for increases or decreases greater than 500%.

40

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance Segment—Canada

(dollar amounts in millions)

Primary Insurance	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
Insured loans in-force		1,362,092			1,346,546			1,326,690			1,301,973			1,287,153
Insured delinquent loans		2,752			2,868			3,281			3,454			3,401
Insured delinquency rate		0.20	%		0.21	%		0.25	%		0.27	%		0.26	%
Flow loans in-force		1,064,942			1,049,959			1,029,844			1,011,823			1,000,254
Flow delinquent loans		2,477			2,594			2,956			3,113			3,117
Flow delinquency rate		0.23	%		0.25	%		0.29	%		0.31	%		0.31	%
Bulk loans in-force		297,150			296,587			296,846			290,150			286,899
Bulk delinquent loans		275			274			325			341			284
Bulk delinquency rate		0.09	%		0.09	%		0.11	%		0.12	%		0.10	%
Loss Metrics	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
Beginning Reserves	$	142		$	174		$	200		$	202		$	202
Paid claims		(64	)		(74	)		(79	)		(66	)		(56	)
Increase in reserves		82			56			52			59			50
Impact of changes in foreign exchange rates		1			(14	)		1			5			6
Ending Reserves	$	161		$	142		$	174		$	200		$	202
	December 31, 2011						September 30, 2011						December 31, 2010
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	%		0.12	%		46	%		0.13	%		46	%		0.18	%
British Columbia		16			0.28	%		16			0.27	%		16			0.30	%
Alberta		16			0.40	%		16			0.46	%		16			0.62	%
Quebec		15			0.22	%		15			0.22	%		15			0.23	%
Nova Scotia		2			0.23	%		2			0.24	%		2			0.23	%
Saskatchewan		2			0.14	%		2			0.16	%		2			0.16	%
Manitoba		1			0.08	%		1			0.10	%		1			0.09	%
New Brunswick		1			0.29	%		1			0.28	%		1			0.30	%
All Other		1			0.09	%		1			0.07	%		1			0.13	%
Total		100	%		0.20	%		100	%		0.21	%		100	%		0.26	%
By Policy Year
2003 and prior		18	%		0.03	%		18	%		0.03	%		20	%		0.04	%
2004		7			0.06	%		8			0.08	%		8			0.10	%
2005		8			0.13	%		8			0.13	%		8			0.16	%
2006		9			0.25	%		9			0.26	%		10			0.35	%
2007		18			0.38	%		19			0.40	%		21			0.55	%
2008		11			0.52	%		11			0.57	%		13			0.65	%
2009		7			0.34	%		7			0.34	%		8			0.27	%
2010		11			0.20	%		12			0.17	%		12			0.04	%
2011		11			0.05	%		8			0.02	%		—			—	%
Total		100	%		0.20	%		100	%		0.21	%		100	%		0.26	%

41

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance Segment—Canada

(Canadian dollar amounts in millions)

	2011														2010
	4Q			3Q			2Q			1Q			Total		4Q			3Q			2Q			1Q			Total
Paid Claims
Flow	$	62		$	70		$	75		$	64		$	271	$	56		$	60		$	53		$	61		$	230
Bulk		3			2			2			1			8		—			1			1			1			3
Total Paid Claims	$	65		$	72		$	77		$	65		$	279	$	56		$	61		$	54		$	62		$	233
Average Paid Claim (in thousands)	$	80.6		$	80.5		$	82.3		$	77.0				$	78.6		$	71.6		$	62.6		$	69.8
Average Reserve Per Delinquency (in thousands)	$	57.7		$	51.5		$	51.0		$	56.2				$	58.9		$	66.1		$	68.5		$	65.2
Loss Metrics
Beginning Reserves	$	148		$	167		$	194		$	200				$	207		$	221		$	226		$	229
Paid claims		(65	)		(72	)		(77	)		(65	)				(56	)		(61	)		(54	)		(62	)
Increase in reserves		81			53			50			59					49			47			49			59
Ending Reserves	$	164		$	148		$	167		$	194				$	200		$	207		$	221		$	226
Loan Amount
Over $550K		4	%		4	%		4	%		4	%				4	%		4	%		4	%		3	%
$400K to $550K		8			8			8			8					8			7			7			7
$250K to $400K		30			30			29			29					28			29			28			28
$100K to $250K		52			52			52			52					53			53			54			55
$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)	$	195		$	194		$	192		$	191				$	190		$	189		$	187		$	186
Average Effective Loan-To-Value Ratios By Policy Year(1)
2005 and prior		40	%
2006		61	%
2007		72	%
2008		76	%
2009		79	%
2010		86	%
2011		91	%
Total Flow		58	%
Total Bulk		29	%
Total		52	%

All amounts presented in Canadian 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 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.

42

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance Segment—Australia

(dollar amounts in millions)

Primary Insurance	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
Insured loans in-force		1,437,380			1,428,328			1,453,012			1,453,554			1,468,773
Insured delinquent loans		7,874			8,464			8,193			7,557			7,062
Insured delinquency rate		0.55	%		0.59	%		0.56	%		0.52	%		0.48	%
Flow loans in-force		1,289,200			1,280,741			1,301,648			1,307,167			1,304,337
Flow delinquent loans		7,276			8,208			7,995			7,387			6,872
Flow delinquency rate		0.56	%		0.64	%		0.61	%		0.57	%		0.53	%
Bulk loans in-force		148,180			147,587			151,364			146,387			164,436
Bulk delinquent loans		248			256			198			170			190
Bulk delinquency rate		0.17	%		0.17	%		0.13	%		0.12	%		0.12	%
Loss Metrics	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
Beginning Reserves	$	247		$	248		$	224		$	206		$	188
Paid claims		(32	)		(26	)		(32	)		(26	)		(27	)
Increase in reserves		44			50			47			42			33
Impact of changes in foreign exchange rates		13			(25	)		9			2			12
Ending Reserves	$	272		$	247		$	248		$	224		$	206
	December 31, 2011						September 30, 2011						December 31, 2010
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		31	%		0.55	%		31	%		0.60	%		31	%		0.55	%
Victoria		23			0.37	%		23			0.42	%		23			0.36	%
Queensland		22			0.81	%		22			0.84	%		23			0.56	%
Western Australia		11			0.56	%		11			0.59	%		10			0.43	%
South Australia		6			0.51	%		6			0.52	%		6			0.43	%
New Zealand		2			0.93	%		2			1.12	%		2			1.11	%
Australian Capital Territory		2			0.10	%		2			0.14	%		2			0.09	%
Tasmania		2			0.38	%		2			0.40	%		2			0.30	%
Northern Territory		1			0.25	%		1			0.27	%		1			0.19	%
Total		100	%		0.55	%		100	%		0.59	%		100	%		0.48	%
By Policy Year
2003 and prior		19	%		0.09	%		19	%		0.10	%		20	%		0.09	%
2004		6			0.35	%		6			0.42	%		7			0.36	%
2005		8			0.54	%		8			0.58	%		9			0.50	%
2006		11			0.81	%		11			0.85	%		13			0.69	%
2007		12			1.18	%		13			1.22	%		14			1.05	%
2008		12			1.40	%		12			1.50	%		13			1.13	%
2009		13			0.80	%		14			0.83	%		14			0.46	%
2010		9			0.21	%		10			0.18	%		10			0.05	%
2011		10			0.03	%		7			0.01	%		—			—	%
Total		100	%		0.55	%		100	%		0.59	%		100	%		0.48	%

43

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance Segment—Australia

(Australian dollar amounts in millions)

	2011														2010
	4Q			3Q			2Q			1Q			Total		4Q			3Q			2Q			1Q			Total
Paid Claims
Flow	$	30		$	25		$	29		$	26		$	110	$	28		$	31		$	60		$	51		$	170
Bulk		1			—			1			—			2		—			1			—			—			1
Total Paid Claims	$	31		$	25		$	30		$	26		$	112	$	28		$	32		$	60		$	51		$	171
Average Paid Claim (in thousands)	$	64.6		$	62.4		$	75.9		$	71.2				$	68.1		$	61.5		$	74.2		$	66.8
Average Reserve Per Delinquency (in thousands)	$	33.7		$	30.0		$	28.2		$	28.5				$	28.4		$	27.3		$	27.2		$	29.1
Loss Metrics
Beginning Reserves	$	255		$	232		$	216		$	201				$	195		$	194		$	212		$	225
Paid claims		(31	)		(25	)		(30	)		(26	)				(28	)		(32	)		(60	)		(51	)
Increase in reserves		42			48			46			41					34			33			42			38
Ending Reserves	$	266		$	255		$	232		$	216				$	201		$	195		$	194		$	212
Loan Amount
Over $550K		11	%		11	%		11	%		11	%				11	%		10	%		10	%		10	%
$400K to $550K		15			15			14	��		14					14			14			14			14
$250K to $400K		36			36			36			36					35			35			35			34
$100K to $250K		31			31			32			32					33			34			34			34
$100K or Less		7			7			7			7					7			7			7			8
Total		100	%		100	%		100	%		100	%				100	%		100	%		100	%		100	%
Average Primary Loan Size (in thousands)	$	191		$	191		$	190		$	189				$	188		$	188		$	187		$	187
Average Effective Loan-To-Value Ratios By Policy Year(1)
2005 and prior		45	%
2006		58	%
2007		68	%
2008		74	%
2009		79	%
2010		85	%
2011		86	%
Total Flow		66	%
Total Bulk		37	%
Total		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). 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.

44

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance Segment

(amounts in millions)

Risk In-Force by Loan-To-Value Ratio(1)	December 31, 2011						September 30, 2011
	Primary		Flow		Bulk		Primary		Flow		Bulk
Canada
95.01% and above	$	32,098	$	32,098	$	—	$	30,595	$	30,595	$	—
90.01% to 95.00%		24,059		24,056		3		23,144		23,142		3
80.01% to 90.00%		16,730		14,983		1,747		15,789		14,203		1,586
80.00% and below		18,571		2,791		15,780		18,027		2,677		15,350
Total Canada	$	91,458	$	73,928	$	17,530	$	87,555	$	70,617	$	16,938
Australia
95.01% and above	$	16,653	$	16,652	$	1	$	15,399	$	15,398	$	1
90.01% to 95.00%		20,853		20,844		9		19,367		19,358		9
80.01% to 90.00%		25,111		25,014		98		23,557		23,462		95
80.00% and below		35,901		26,150		9,751		34,186		25,056		9,131
Total Australia	$	98,518	$	88,660	$	9,859	$	92,509	$	83,274	$	9,235
Other Countries(2)
95.01% and above	$	794	$	793	$	—	$	841	$	841	$	—
90.01% to 95.00%		2,051		1,987		65		2,127		2,060		67
80.01% to 90.00%		1,360		1,067		293		1,430		1,125		305
80.00% and below		285		247		38		293		254		39
Total Other Countries	$	4,490	$	4,094	$	396	$	4,691	$	4,280	$	411

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 $114 million and $92 million of risk in-force in Europe ceded under a quota share reinsurance agreement as of December 31, 2011 and September 30, 2011, respectively.

45

U.S. Mortgage Insurance Segment

46

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	140		$	140		$	142		$	142		$	564		$	151		$	149		$	153		$	142		$	595
Net investment income		16			29			26			33			104			27			28			31			30			116
Net investment gains (losses)		42			2			1			1			46			17			15			(3	)		4			33
Insurance and investment product fees and other		3			—			1			1			5			2			3			—			5			10
Total revenues		201			171			170			177			719			197			195			181			181			754
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		269			251			526			279			1,325			688			391			216			196			1,491
Acquisition and operating expenses, net of deferrals		30			37			35			34			136			36			28			33			34			131
Amortization of deferred acquisition costs and intangibles		4			4			4			4			16			6			6			4			3			19
Total benefits and expenses		303			292			565			317			1,477			730			425			253			233			1,641
LOSS BEFORE INCOME TAXES		(102	)		(121	)		(395	)		(140	)		(758	)		(533	)		(230	)		(72	)		(52	)		(887	)
Benefit for income taxes		(35	)		(44	)		(143	)		(59	)		(281	)		(191	)		(89	)		(29	)		(19	)		(328	)
NET LOSS		(67	)		(77	)		(252	)		(81	)		(477	)		(342	)		(141	)		(43	)		(33	)		(559	)
ADJUSTMENT TO NET LOSS:
Net investment (gains) losses, net of taxes and other adjustments		(27	)		(2	)		(1	)		—			(30	)		(10	)		(11	)		3			(3	)		(21	)
NET OPERATING LOSS	$	(94	)	$	(79	)	$	(253	)	$	(81	)	$	(507	)	$	(352	)	$	(152	)	$	(40	)	$	(36	)	$	(580	)
Effective tax rate (operating loss)		34.4	%		36.7	%		36.0	%		42.4	%		37.0	%		35.9	%		38.2	%		40.8	%		36.5	%		36.9	%
SALES:
New Insurance Written (NIW)
Flow	$	3,200		$	2,700		$	1,900		$	2,000		$	9,800		$	2,600		$	2,400		$	2,100		$	1,500		$	8,600
Bulk		—			—			—			400			400			600			300			100			200			1,200
Total U.S. Mortgage Insurance NIW	$	3,200		$	2,700		$	1,900		$	2,400		$	10,200		$	3,200		$	2,700		$	2,200		$	1,700		$	9,800

47

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Other Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Net Premiums Written	$	143		$	143		$	145		$	142		$	573		$	151		$	148		$	152		$	142		$	593
New Risk Written
Flow	$	710		$	653		$	461		$	439		$	2,263		$	565		$	552		$	480		$	335		$	1,932
Bulk		1			—			—			27			28			36			16			5			8			65
Total Primary		711			653			461			466			2,291			601			568			485			343			1,997
Pool		—			—			—			—			—			—			—			—			—			—
Total New Risk Written	$	711		$	653		$	461		$	466		$	2,291		$	601		$	568		$	485		$	343		$	1,997
Primary Insurance In-Force	$	116,500		$	119,200		$	120,900		$	123,300					$	125,900		$	129,100		$	131,900		$	134,800
Risk In-Force
Flow	$	26,660		$	27,206		$	27,489		$	27,984					$	28,498		$	29,199		$	29,836		$	30,206
Bulk		520			534			540			559						539			519			509			523
Total Primary		27,180			27,740			28,029			28,543						29,037			29,718			30,345			30,729
Pool		249			271			278			288						297			308			314			322
Total Risk In-Force	$	27,429		$	28,011		$	28,307		$	28,831					$	29,334		$	30,026		$	30,659		$	31,051
Primary Risk In-Force Subject To Captives		33	%		36	%		38	%		41	%					43	%		45	%		47	%		48	%
Primary Risk In-Force That Is GSE Conforming		96	%		96	%		96	%		96	%					96	%		96	%		96	%		96	%
GAAP Basis Expense Ratio(1)		24	%		30	%		27	%		27	%		27	%		28	%		22	%		25	%		26	%		25	%
Adjusted Expense Ratio(2)		24	%		29	%		27	%		27	%		27	%		28	%		23	%		25	%		26	%		25	%
Flow Persistency		81	%		86	%		86	%		86	%					82	%		84	%		88	%		86	%
Gross Written Premiums Ceded To Captives/Total Direct Written Premiums		13	%		14	%		15	%		17	%					18	%		19	%		18	%		20	%
Risk To Capital Ratio(3)		28.8:1			27.5:1			25.0:1			25.0:1						21.9:1			17.8:1			15.1:1			14.9:1
Average Primary Loan Size (in thousands)	$	163		$	163		$	162		$	162					$	161		$	161		$	161		$	160
Estimated Savings For Loss Mitigation Activities(4)	$	147		$	168		$	130		$	122		$	567		$	126		$	158		$	217		$	233		$	734

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⁾  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.

⁽²⁾  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.

⁽³⁾  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.

⁽⁴⁾  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.

48

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Loss Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Paid Claims
Flow
Direct	$	240		$	256		$	239		$	315		$	1,050		$	386		$	369		$	237		$	244		$	1,236
Assumed(1)		26			25			32			30			113			34			34			28			30			126
Ceded		(45	)		(39	)		(83	)		(109	)		(276	)		(170	)		(196	)		(99	)		(75	)		(540	)
Loss adjustment expenses		10			11			11			13			45			13			17			21			20			71
Total Flow		231			253			199		$	249			932			263			224			187			219			893
Bulk		6			(2	)		3			3			10			4			19			48			209			280
Total Primary		237			251			202			252			942			267			243			235			428			1,173
Pool		1			1			1			1			4			1			—			1			—			2
Total Paid Claims	$	238		$	252		$	203		$	253		$	946		$	268		$	243		$	236	(7)	$	428	(9)	$	1,175
Average Paid Claim (in thousands)	$	41.0		$	46.9		$	40.8		$	39.7					$	34.2		$	32.8		$	42.6	(8)	$	84.7	(10)
Average Direct Paid Claim (in thousands)(2)	$	43.2		$	49.1		$	49.7		$	50.8					$	51.1		$	51.2		$	49.3		$	49.6
Average Reserve Per Delinquency (in thousands)
Flow	$	29.1		$	28.8		$	29.2		$	25.4					$	24.3		$	20.4		$	19.5		$	19.2
Bulk loans with established reserve		24.2			24.0			23.7			19.9						20.6			15.7			12.8			21.7
Bulk loans with no reserve(3)		—			—			—			—						—			—			—			—
Reserves:
Flow direct case	$	2,199		$	2,227		$	2,256		$	1,995					$	2,048		$	1,736		$	1,666		$	1,724
Bulk direct case		36			36			35			34						33			23			18			42
Assumed(1)		60			64			64			67						72			73			73			67
All other(4)		193			159			151			124						129			141			195			183
Total Reserves	$	2,488		$	2,486		$	2,506		$	2,220					$	2,282		$	1,973		$	1,952		$	2,016
Beginning Reserves	$	2,486		$	2,506		$	2,220		$	2,282		$	2,282		$	1,973		$	1,952		$	2,016		$	2,289		$	2,289
Paid claims		(282	)		(292	)		(286	)		(362	)		(1,222	)		(438	)		(439	)		(335	)(7)		(503	)(9)		(1,715	)
Increase in reserves		284			272			572			300			1,428			747			460			271	(7)		230	(9)		1,708
Ending Reserves	$	2,488		$	2,486		$	2,506		$	2,220		$	2,488		$	2,282		$	1,973		$	1,952		$	2,016		$	2,282
Beginning Reinsurance Recoverable(5)	$	207		$	226		$	264		$	351		$	351		$	463		$	591		$	634		$	674		$	674
Ceded paid claims		(44	)		(40	)		(83	)		(109	)		(276	)		(170	)		(196	)		(99	)		(75	)		(540	)
Increase in recoverable		15			21			45			22			103			58			68			56			35			217
Ending Reinsurance Recoverable	$	178		$	207		$	226		$	264		$	178		$	351		$	463		$	591		$	634		$	351
Loss Ratio(6)		189	%		181	%		369	%		197	%		234	%		457	%		263	%		141	%		138	%		251	%

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 negotiated servicer and GSE settlements.

⁽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 and loss adjustment expense to net earned premiums. Excluding the GSE Alt-A business settlements in the first and second quarters of 2010, the loss ratio was 253% for the twelve months ended December 31, 2010 and 144% and 141% for the three months ended June 30, 2010 and March 31, 2010, respectively.

⁽⁷⁾  Net paid claims and change in reserves include the impact of settlements that the company reached during the second quarter of 2010 with a GSE counterparty regarding certain bulk Alt-A business and with a servicer regarding rescissions.

⁽⁸⁾  Excluding the GSE Alt-A business and the servicer settlements in the second quarter of 2010, the average paid claim was approximately $45,800 in the second quarter of 2010.

⁽⁹⁾  In the first quarter of 2010, the company reached a settlement with a GSE counterparty regarding certain bulk Alt-A business. Net paid claims included $180 million and the change in reserves included a decrease of $185 million related to this settlement.

⁽¹⁰⁾  Excluding the GSE Alt-A business settlement in the first quarter of 2010, the average paid claim was approximately $49,100 in the first quarter of 2010.

49

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Delinquency Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Number of Primary Delinquencies
Flow		83,931			84,910			84,442			85,758						92,225			95,567			98,771			102,389
Bulk loans with an established reserve		1,592			1,604			1,569			1,814						1,713			1,607			1,510			2,155
Bulk loans with no reserve(1)		1,484			1,506			1,453			1,446						1,457			1,439			1,478			2,560
Total Number of Primary Delinquencies		87,007			88,020			87,464			89,018						95,395			98,613			101,759			107,104
Beginning Number of Primary Delinquencies		88,020			87,464			89,018			95,395			95,395			98,613			101,759			107,104			122,279			122,279
New delinquencies		22,094			23,493			21,272			23,866			90,725			25,771			27,180			26,034			31,126			110,111
Delinquency cures		(17,357	)		(17,595	)		(17,908	)		(23,908	)		(76,768	)		(21,199	)		(22,923	)		(25,868	)		(41,272	)(2)		(111,262	)
Paid claims		(5,750	)		(5,342	)		(4,918	)		(6,335	)		(22,345	)		(7,790	)		(7,403	)		(5,511	)		(5,029	)		(25,733	)
Ending Number of Primary Delinquencies		87,007			88,020			87,464			89,018			87,007			95,395			98,613			101,759			107,104			95,395
Composition of Cures
Reported delinquent and cured-intraquarter		2,851			3,181			2,670			5,195						2,525			1,914			2,462			4,704
Number of missed payments delinquent prior to cure:
3 payments or less		8,835			8,520			8,953			11,454						10,365			10,393			11,845			15,423
4 - 11 payments		3,408			3,584			4,146			5,183						5,763			7,691			8,883			15,189
12 payments or more		2,263			2,310			2,139			2,076						2,546			2,925			2,678			5,956
Total		17,357			17,595			17,908			23,908						21,199			22,923			25,868			41,272	(2)
Primary Delinquencies by Missed Payment Status
3 payments or less		22,165			22,444			21,125			20,920						25,131			26,292			26,374			28,646
4 - 11 payments		25,334			25,055			26,969			31,070						34,639			37,180			42,993			49,663
12 payments or more		39,508			40,521			39,370			37,028						35,625			35,141			32,392			28,795
Primary Delinquencies		87,007			88,020			87,464			89,018						95,395			98,613			101,759			107,104
	December 31, 2011
Flow Delinquencies and Percentage Reserved by Payment Status	Delinquencies			Direct Case Reserves(3)			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	%
	December 31, 2010
Flow Delinquencies and Percentage Reserved by Payment Status	Delinquencies			Direct Case Reserves(3)			Risk In-Force			Reserves as % of Risk In-Force
3 payments or less in default		24,104		$	152		$	959			16	%
4 - 11 payments in default		33,635			754			1,546			49	%
12 payments or more in default		34,486			1,142			1,757			65	%
Total		92,225		$	2,048		$	4,262			48	%

⁽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⁾  In the first quarter of 2010, the company reached a settlement with a GSE counterparty regarding certain bulk Alt-A business. Delinquency cures included approximately 10,100 cures related to this settlement.

⁽³⁾  Direct flow case reserves exclude loss adjustment expenses, incurred but not reported and reinsurance reserves.

50

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

	2011												2010
	4Q			3Q			2Q			1Q			4Q			3Q			2Q			1Q
Risk In-Force by Credit Quality(1)
Primary by FICO Scores >679		67	%		67	%		67	%		66	%		66	%		65	%		65	%		64	%
Primary by FICO Scores 620-679		26	%		26	%		26	%		27	%		27	%		27	%		27	%		28	%
Primary by FICO Scores 575-619		5	%		5	%		5	%		5	%		5	%		6	%		6	%		6	%
Primary by FICO Scores <575		2	%		2	%		2	%		2	%		2	%		2	%		2	%		2	%
Flow by FICO Scores >679		67	%		67	%		66	%		66	%		66	%		65	%		65	%		64	%
Flow by FICO Scores 620-679		26	%		26	%		27	%		27	%		27	%		27	%		27	%		28	%
Flow by FICO Scores 575-619		5	%		5	%		5	%		5	%		5	%		6	%		6	%		6	%
Flow by FICO Scores <575		2	%		2	%		2	%		2	%		2	%		2	%		2	%		2	%
Bulk by FICO Scores >679		89	%		89	%		89	%		89	%		89	%		88	%		88	%		87	%
Bulk by FICO Scores 620-679		9	%		9	%		9	%		9	%		9	%		10	%		10	%		11	%
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		5	%		5	%		5	%		5	%		5	%		5	%		5	%		5	%
Primary sub-prime(2)		5	%		5	%		5	%		5	%		5	%		5	%		5	%		5	%
Primary Loans
Primary loans in-force		714,467			733,383			746,740			763,439			781,024			802,090			821,617			840,618
Primary delinquent loans		87,007			88,020			87,464			89,018			95,395			98,613			101,759			107,104
Primary delinquency rate		12.18	%		12.00	%		11.71	%		11.66	%		12.21	%		12.29	%		12.39	%		12.74	%
Flow loans in-force		633,246			648,242			658,251			673,276			687,964			705,754			723,301			735,564
Flow delinquent loans		83,931			84,910			84,442			85,758			92,225			95,567			98,771			102,389
Flow delinquency rate		13.25	%		13.10	%		12.83	%		12.74	%		13.41	%		13.54	%		13.66	%		13.92	%
Bulk loans in-force		81,221			85,141			88,489			90,163			93,060			96,336			98,316			105,054
Bulk delinquent loans		3,076			3,110			3,022			3,260			3,170			3,046			2,988			4,715
Bulk delinquency rate		3.79	%		3.65	%		3.42	%		3.62	%		3.41	%		3.16	%		3.04	%		4.49	%
A minus and sub-prime loans in-force		68,487			71,097			73,211			75,421			77,822			80,774			83,859			86,185
A minus and sub-prime delinquent loans		19,884			20,347			20,284			20,656			22,827			23,882			24,867			26,387
A minus and sub-prime delinquency rate		29.03	%		28.62	%		27.71	%		27.39	%		29.33	%		29.57	%		29.65	%		30.62	%
Pool Loans
Pool loans in-force		14,418			16,574			16,943			17,421			17,880			18,759			19,473			19,907
Pool delinquent loans		778			957			931			913			989			939			831			783
Pool delinquency rate		5.40	%		5.77	%		5.49	%		5.24	%		5.53	%		5.01	%		4.27	%		3.93	%

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

⁽²⁾  Excludes loans classified as A minus.

51

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

	December 31, 2011									September 30, 2011									December 31, 2010
	% 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	%		22	%		17.10	%		35	%		22	%		16.80	%		34	%		23	%		16.79	%
South Central(3)		11			16			10.15	%		11			16			9.95	%		14			16			11.00	%
Northeast(4)		12			14			12.80	%		12			14			12.30	%		10			14			11.66	%
North Central(5)		12			12			11.89	%		12			12			11.79	%		12			11			11.51	%
Pacific(6)		13			11			12.52	%		13			11			12.99	%		14			11			14.39	%
Great Lakes(7)		7			9			9.00	%		7			9			8.83	%		7			9			8.92	%
Plains(8)		3			6			7.87	%		3			6			7.80	%		3			6			8.14	%
New England(9)		3			5			10.59	%		3			5			10.81	%		3			5			10.71	%
Mid-Atlantic(10)		4			5			10.73	%		4			5			10.37	%		3			5			10.67	%
Total		100	%		100	%		12.18	%		100	%		100	%		12.00	%		100	%		100	%		12.21	%
By State
Florida		24	%		7	%		29.30	%		24	%		7	%		28.93	%		23	%		8	%		28.31	%
Texas		3	%		7	%		8.34	%		3	%		7	%		7.84	%		3	%		7	%		8.71	%
New York		5	%		7	%		10.66	%		5	%		7	%		10.28	%		4	%		7	%		9.76	%
California		6	%		6	%		10.86	%		6	%		6	%		11.62	%		7	%		5	%		13.99	%
Illinois		8	%		5	%		16.70	%		7	%		5	%		16.54	%		7	%		5	%		15.79	%
Georgia		4	%		4	%		14.79	%		4	%		4	%		14.76	%		4	%		4	%		16.16	%
North Carolina		3	%		4	%		11.89	%		3	%		4	%		11.55	%		2	%		4	%		11.23	%
New Jersey		5	%		4	%		19.07	%		5	%		4	%		18.20	%		4	%		4	%		17.30	%
Pennsylvania		2	%		4	%		11.85	%		2	%		4	%		11.47	%		2	%		4	%		10.94	%
Ohio		2	%		3	%		8.73	%		2	%		3	%		8.39	%		2	%		3	%		8.19	%

⁽¹⁾  Total reserves were $2,488 million, $2,486 million and $2,282 million as of December 31, 2011, September 30, 2011 and December 31, 2010, 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⁾  Illinois, Minnesota, Missouri and Wisconsin.

⁽⁶⁾  Alaska, California, Hawaii, Nevada, Oregon and Washington.

⁽⁷⁾  Indiana, Kentucky, Michigan and Ohio.

⁽⁸⁾  Idaho, Iowa, Kansas, Montana, Nebraska, North Dakota, South Dakota and Wyoming.

⁽⁹⁾  Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont.

⁽¹⁰⁾  Delaware, Maryland, Virginia, Washington D.C. and West Virginia.

52

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(amounts in millions)

Primary Risk In-Force:	December 31, 2011		% of Total			September 30, 2011		% of Total			December 31, 2010		% of Total
Lender concentration (by original applicant)	$	27,180				$	27,740				$	29,037
Top 10 lenders		13,355					13,774					14,647
Top 20 lenders		15,306					15,717					16,729
Loan-to-value ratio
95.01% and above	$	6,848		25	%	$	6,960		25	%	$	7,274		25	%
90.01% to 95.00%		9,563		35			9,712		35			10,044		34
80.01% to 90.00%		10,311		38			10,595		38			11,243		39
80.00% and below		458		2			473		2			476		2
Total	$	27,180		100	%	$	27,740		100	%	$	29,037		100	%
Loan grade
Prime	$	24,625		91	%	$	25,087		90	%	$	26,139		90	%
A minus and sub-prime		2,555		9			2,653		10			2,898		10
Total	$	27,180		100	%	$	27,740		100	%	$	29,037		100	%
Loan type(1)
First mortgages
Fixed rate mortgage
Flow	$	26,133		96	%	$	26,657		96	%	$	27,874		96	%
Bulk		500		2			513		2			517		2
Adjustable rate mortgage
Flow		527		2			549		2			624		2
Bulk		20		—			21		—			22		—
Second mortgages		—		—			—		—			—		—
Total	$	27,180		100	%	$	27,740		100	%	$	29,037		100	%
Type of documentation
Alt-A
Flow	$	747		3	%	$	777		3	%	$	872		3	%
Bulk		38		—			39		—			41		—
Standard(2)
Flow		25,913		95			26,429		95			27,626		95
Bulk		482		2			495		2			498		2
Total	$	27,180		100	%	$	27,740		100	%	$	29,037		100	%
Mortgage term
15 years and under	$	534		2	%	$	490		2	%	$	425		1	%
More than 15 years		26,646		98			27,250		98			28,612		99
Total	$	27,180		100	%	$	27,740		100	%	$	29,037		100	%

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

⁽²⁾  Standard includes loans with reduced or different documentation requirements that meet specifications of GSE or other lender proprietary approved underwriting systems, and other reduced documentation programs, with historical and expected delinquency rates at origination consistent with historical and expected delinquency rates of the company’s standard portfolio.

53

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(dollar amounts in millions)

	December 31, 2011
Policy Year	Average Rate(1)			% of Total Reserves(2)			Primary Insurance  In-Force		% of Total			Primary Risk  In-Force		% of Total
2000 and prior		7.82	%		1.3	%	$	1,669		1.4	%	$	426		1.6	%
2001		7.61	%		0.7			841		0.7			210		0.8
2002		6.65	%		1.5			1,981		1.7			492		1.8
2003		5.65	%		3.7			8,193		7.0			1,361		5.0
2004		5.89	%		4.4			5,400		4.6			1,234		4.5
2005		5.98	%		12.5			8,957		7.7			2,319		8.5
2006		6.47	%		19.3			12,198		10.5			3,000		11.0
2007		6.53	%		39.7			27,201		23.4			6,712		24.7
2008		6.12	%		16.5			24,748		21.2			6,158		22.7
2009		5.08	%		0.3			7,018		6.0			1,270		4.7
2010		4.66	%		0.1			8,460		7.3			1,767		6.5
2011		4.43	%		—			9,867		8.5			2,231		8.2
Total		5.99	%		100.0	%	$	116,533		100.0	%	$	27,180		100.0	%

Occupancy and Property Type	December 31, 2011			September 30, 2011
Occupancy Status % of Primary Risk In-Force
Primary residence		93.9	%		93.8	%
Second home		3.8			3.9
Non-owner occupied		2.3			2.3
Total		100.0	%		100.0	%
Property Type % of Primary Risk In-Force
Single family detached		86.0	%		85.9	%
Condominium and co-operative		11.3			11.3
Multi-family and other		2.7			2.8
Total		100.0	%		100.0	%

⁽¹⁾  Average Annual Mortgage Interest Rate

⁽²⁾  Total reserves were $2,488 million as of December 31, 2011.

54

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance Segment

(amounts in billions)

	FICO > 679												FICO 620 - 679(1)												FICO < 620												Total
	2011												2011												2011												2011
Primary Risk In-Force	4Q			3Q			2Q			1Q			4Q			3Q			2Q			1Q			4Q			3Q			2Q			1Q			4Q			3Q			2Q			1Q
Total Primary Risk In-Force	$	18.4		$	18.6		$	18.7		$	18.9		$	7.0		$	7.2		$	7.3		$	7.6		$	1.8		$	1.9		$	2.0		$	2.0		$	27.2		$	27.7		$	28.0		$	28.5
Delinquency rate(2)		7.7	%		7.5	%		7.4	%		7.4	%		19.7	%		19.3	%		18.7	%		18.5	%		29.5	%		29.1	%		28.1	%		27.8	%		12.2	%		12.0	%		11.7	%		11.7	%
2011 policy year	$	2.0		$	1.4		$	0.8		$	0.5		$	0.2		$	0.2		$	0.1		$	—		$	—		$	—		$	—		$	—		$	2.2		$	1.6		$	0.9		$	0.5
Delinquency rate		0.1	%		—	%		—	%		—	%		0.2	%		0.1	%		0.1	%		—	%		1.6	%		1.8	%		2.8	%		—	%		0.1	%		—	%		—	%		—	%
2010 policy year	$	1.7		$	1.7		$	1.8		$	1.8		$	0.1		$	0.1		$	0.1		$	0.1		$	—		$	—		$	—		$	—		$	1.8		$	1.8		$	1.9		$	1.9
Delinquency rate		0.3	%		0.2	%		0.1	%		0.1	%		1.1	%		0.6	%		0.4	%		0.3	%		4.8	%		2.8	%		2.8	%		1.8	%		0.3	%		0.2	%		0.1	%		0.1	%
2009 policy year	$	1.2		$	1.2		$	1.3		$	1.3		$	0.1		$	0.1		$	0.1		$	0.1		$	—		$	—		$	—		$	—		$	1.3		$	1.3		$	1.4		$	1.4
Delinquency rate		0.7	%		0.6	%		0.5	%		0.4	%		2.8	%		2.6	%		1.8	%		1.8	%		6.4	%		9.8	%		6.6	%		5.6	%		0.8	%		0.7	%		0.5	%		0.5	%
2008 policy year	$	4.7		$	5.0		$	5.1		$	5.2		$	1.3		$	1.3		$	1.3		$	1.4		$	0.2		$	0.2		$	0.3		$	0.3		$	6.2		$	6.5		$	6.7		$	6.9
Delinquency rate		7.3	%		6.9	%		6.5	%		6.3	%		16.1	%		15.6	%		14.9	%		14.7	%		26.0	%		25.2	%		24.9	%		24.7	%		9.8	%		9.3	%		8.9	%		8.7	%
2007 policy year	$	3.8		$	3.9		$	4.0		$	4.2		$	2.2		$	2.3		$	2.3		$	2.4		$	0.7		$	0.8		$	0.8		$	0.8		$	6.7		$	7.0		$	7.1		$	7.4
Delinquency rate		13.5	%		13.1	%		12.8	%		12.6	%		23.7	%		23.4	%		22.7	%		22.6	%		33.7	%		33.9	%		32.7	%		32.5	%		19.2	%		18.9	%		18.3	%		18.2	%
2006 policy year	$	1.7		$	1.8		$	1.8		$	1.9		$	1.0		$	1.0		$	1.1		$	1.1		$	0.3		$	0.3		$	0.3		$	0.3		$	3.0		$	3.1		$	3.2		$	3.3
Delinquency rate		14.4	%		14.1	%		13.9	%		13.6	%		24.2	%		23.4	%		22.5	%		22.4	%		30.3	%		30.4	%		29.0	%		28.8	%		19.3	%		18.9	%		18.3	%		18.0	%
2005 and prior policy year	$	3.3		$	3.6		$	3.9		$	4.0		$	2.1		$	2.2		$	2.3		$	2.5		$	0.6		$	0.6		$	0.6		$	0.6		$	6.0		$	6.4		$	6.8		$	7.1
Delinquency rate		8.8	%		8.3	%		7.8	%		7.5	%		19.1	%		18.3	%		17.4	%		16.9	%		25.9	%		24.9	%		23.9	%		23.5	%		13.3	%		12.7	%		11.9	%		11.6	%
Fixed rate mortgage	$	18.1		$	18.3		$	18.4		$	18.6		$	6.8		$	7.0		$	7.1		$	7.4		$	1.8		$	1.9		$	1.9		$	1.9		$	26.7		$	27.2		$	27.4		$	27.9
Delinquency rate		7.4	%		7.3	%		7.1	%		7.1	%		19.5	%		19.1	%		18.5	%		18.3	%		29.3	%		28.9	%		27.9	%		27.6	%		11.9	%		11.7	%		11.4	%		11.4	%
Adjustable rate mortgage	$	0.3		$	0.3		$	0.3		$	0.3		$	0.2		$	0.2		$	0.2		$	0.2		$	—		$	—		$	0.1		$	0.1		$	0.5		$	0.5		$	0.6		$	0.6
Delinquency rate		25.1	%		24.8	%		25.0	%		24.8	%		30.0	%		29.4	%		28.1	%		27.4	%		36.8	%		38.0	%		36.3	%		36.1	%		27.9	%		27.6	%		27.1	%		26.7	%
Loan-to-value > 95%	$	3.7		$	3.8		$	3.8		$	3.8		$	2.4		$	2.4		$	2.5		$	2.6		$	0.7		$	0.8		$	0.8		$	0.8		$	6.8		$	7.0		$	7.1		$	7.2
Delinquency rate		9.8	%		9.6	%		9.4	%		9.3	%		22.0	%		21.6	%		20.8	%		20.7	%		32.6	%		32.5	%		31.4	%		31.3	%		16.9	%		16.7	%		16.2	%		16.1	%
Alt-A(3)	$	0.6		$	0.6		$	0.6		$	0.6		$	0.2		$	0.2		$	0.2		$	0.3		$	—		$	—		$	—		$	—		$	0.8		$	0.8		$	0.8		$	0.9
Delinquency rate		19.3	%		19.0	%		18.7	%		18.8	%		32.8	%		33.0	%		32.9	%		32.7	%		31.7	%		33.6	%		33.3	%		34.7	%		23.3	%		23.3	%		23.0	%		23.0	%
Interest only and option ARMs	$	1.2		$	1.3		$	1.4		$	1.4		$	0.5		$	0.5		$	0.5		$	0.5		$	0.1		$	0.1		$	0.1		$	0.1		$	1.8		$	1.9		$	2.0		$	2.0
Delinquency rate		27.0	%		26.9	%		26.9	%		26.9	%		37.3	%		37.5	%		37.2	%		37.3	%		42.8	%		43.3	%		43.5	%		42.7	%		30.4	%		30.4	%		30.3	%		30.3	%

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

⁽²⁾  Delinquency rate represents the number of lender reported delinquencies divided by the number of remaining policies consistent with mortgage insurance practices.

⁽³⁾  Alt-A consists of loans with reduced documentation or verification of income or assets and a higher historical and expected delinquency rate than standard documentation loans.

55

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Other Metrics—U.S. Mortgage Insurance Segment—Bulk Risk In-Force

(dollar amounts in millions)

	December 31, 2011			September 30, 2011			December 31, 2010
GSE Alt-A
Risk in-force	$	25		$	26		$	28
Average FICO score		732			732			732
Loan-to-value ratio		80	%		81	%		81	%
Standard documentation(1)		12	%		12	%		11	%
Stop loss		100	%		100	%		100	%
Deductible		—	%		—	%		—	%
FHLB
Risk in-force	$	430		$	441		$	436
Average FICO score		759			757			753
Loan-to-value ratio		70	%		75	%		75	%
Standard documentation(1)		97	%		97	%		97	%
Stop loss		94	%		94	%		93	%
Deductible		100	%		100	%		100	%
Other
Risk in-force	$	65		$	67		$	75
Average FICO score		684			690			692
Loan-to-value ratio		91	%		92	%		92	%
Standard documentation(1)		96	%		96	%		97	%
Stop loss		4	%		6	%		9	%
Deductible		—	%		—	%		—	%
Total Bulk Risk In-Force	$	520		$	534		$	539

⁽¹⁾  Standard documentation includes loans with reduced or different documentation requirements that meet specifications of GSE approved underwriting systems with historical and expected delinquency rates consistent with the standard portfolio.

56

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Aggregate Book Year Analysis Provided to Illustrate Directional Progression Toward Captive Attachment⁽¹⁾

				December 31, 2011						September 30, 2011						June 30, 2011						March 31, 2011
Book Year(2)	Original Book Risk In-Force ($B)(3)		Progression To Attachment Point	Current Risk In-Force ($B)		Ever-To-Date Incurred Losses ($MM)(3)		Captive Benefits ($MM)		Current Risk In-Force ($B)		Ever-To-Date Incurred Losses ($MM)(3)		Captive Benefits ($MM)		Current Risk In-Force ($B)		Ever-To-Date Incurred Losses ($MM)(3)		Captive Benefits ($MM)		Current Risk In-Force ($B)		Ever-To-Date Incurred Losses ($MM)(3)		Captive Benefits ($MM)
2004			0%-50%	$	—	$	2			$	—	$	2			$	—	$	2			$	—	$	4
2004			50%-75%		—		1				0.1		13				0.1		10				0.2		29
2004			75%-99%		0.2		43				0.2		51				0.3		52				0.2		31
2004			Attached		0.3		79				0.3		71				0.3		71				0.3		44
2004 Total	$	2.7		$	0.5	$	125	$	1	$	0.6	$	137	$	2	$	0.7	$	135	$	13	$	0.7	$	108	$	2
2005			0%-50%	$	—	$	1			$	—	$	1			$	—	$	1			$	—	$	1
2005			50%-75%		—		—				—		—				—		—				—		—
2005			75%-99%		—		—				—		—				—		—				—		1
2005			Attached		0.8		287				0.9		301				1.0		296				1.5		451
2005 Total	$	2.3		$	0.8	$	288		5	$	0.9	$	302		7	$	1.0	$	297		1	$	1.5	$	453		2
2006			0%-50%	$	—	$	1			$	—	$	1			$	—	$	1			$	—	$	1
2006			50%-75%		—		—				—		—				—		—				—		—
2006			75%-99%		—		1				—		1				—		1				—		—
2006			Attached		0.8		382				0.9		393				1.0		384				1.6		640
2006 Total	$	2.0		$	0.8	$	384		—	$	0.9	$	395		2	$	1.0	$	386		10	$	1.6	$	641		9
2007			0%-50%	$	—	$	1			$	—	$	1			$	—	$	1			$	—	$	1
2007			50%-75%		—		—				—		—				—		—				—		—
2007			75%-99%		—		—				—		—				—		—				—		1
2007			Attached		1.6		682				1.8		707				1.9		683				3.4		1,133
2007 Total	$	3.0		$	1.6	$	683		5	$	1.8	$	708		4	$	1.9	$	684		2	$	3.4	$	1,135		4
2008			0%-50%	$	—	$	—			$	—	$	1			$	0.1	$	1			$	0.3	$	8
2008			50%-75%		—		2				0.2		13				0.2		12				0.2		8
2008			75%-99%		0.2		14				0.1		4				0.1		5				0.1		4
2008			Attached		0.8		168				0.8		163				0.8		156				1.3		161
2008 Total	$	1.7		$	1.0	$	184		4	$	1.1	$	181		5	$	1.2	$	174		19	$	1.9	$	181		4
Captive Benefits In Quarter ($MM)								$	15					$	20					$	45					$	21

⁽¹⁾  Data presented in aggregate for all trusts. Actual trust attachment and exit points will vary by individual lender contract. For purposes of this illustration, ever-to-date incurred losses equal current reserves plus ever-to-date paid claims. The information presented excludes quota share captive reinsurance data. Progress toward captive attachment is determined at a lender level for each book year by dividing ever-to-date incurred losses by original risk in-force for that book year.

⁽²⁾  Book year amounts may include loans from additional periods pursuant to reinsurance agreement terms and conditions.

⁽³⁾  Original book risk in-force and ever-to-date incurred losses include amounts for active captive books only.

57

Corporate and Runoff Division

58

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Loss—Corporate and Runoff Division

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	2		$	89		$	84		$	85		$	260		$	81		$	82		$	79		$	80		$	322
Net investment income		49			35			55			33			172			63			43			46			16			168
Net investment gains (losses)		(36	)		(170	)		(14	)		(14	)		(234	)		(13	)		95			(88	)		(31	)		(37	)
Insurance and investment product fees and other		118			68			63			66			315			74			73			55			58			260
Total revenues		133			22			188			170			513			205			293			92			123			713
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1			86			69			78			234			59			65			72			73			269
Interest credited		32			34			34			35			135			37			40			38			41			156
Acquisition and operating expenses, net of deferrals		48			47			43			45			183			65			43			55			44			207
Amortization of deferred acquisition costs and intangibles		6			39			26			21			92			16			44			30			11			101
Goodwill Impairment		29			—			—			—			29			—			—			—			—			—
Interest expense		82			82			87			82			333			78			76			71			70			295
Total benefits and expenses		198			288			259			261			1,006			255			268			266			239			1,028
INCOME (LOSS) BEFORE INCOME TAXES		(65	)		(266	)		(71	)		(91	)		(493	)		(50	)		25			(174	)		(116	)		(315	)
Provision (benefit) for income taxes		(20	)		(124	)		—			(19	)		(163	)		(32	)		10			(61	)		(157	)		(240	)
NET INCOME (LOSS)		(45	)		(142	)		(71	)		(72	)		(330	)		(18	)		15			(113	)		41			(75	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		22			100			7			7			136			7			(50	)		53			17			27
Gain on sale of business, net of taxes		(20	)		—			—			—			(20	)		—			—			—			—			—
Net tax benefit related to separation from the company’s former parent		—			—			—			—			—			—			—			—			(106	)		(106	)
NET OPERATING LOSS	$	(43	)	$	(42	)	$	(64	)	$	(65	)	$	(214	)	$	(11	)	$	(35	)	$	(60	)	$	(48	)	$	(154	)
Effective tax rate (operating loss)		29.5	%		62.5	%		-6.0	%		18.2	%		31.9	%		70.3	%		34.8	%		34.0	%		46.9	%		43.5	%

59

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss)—Corporate and Runoff Division

(amounts in millions)

Three months ended December 31, 2011	Runoff Segment			Corporate and  Other(1)			Total
REVENUES:
Premiums	$	2		$	—		$	2
Net investment income		36			13			49
Net investment gains (losses)		(4	)		(32	)		(36	)
Insurance and investment product fees and other		104			14			118
Total revenues		138			(5	)		133
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1			—			1
Interest credited		32			—			32
Acquisition and operating expenses, net of deferrals		23			25			48
Amortization of deferred acquisition costs and intangibles		3			3			6
Goodwill Impairment		—			29			29
Interest expense		1			81			82
Total benefits and expenses		60			138			198
INCOME (LOSS) BEFORE INCOME TAXES		78			(143	)		(65	)
Provision (benefit) for income taxes		41			(61	)		(20	)
NET INCOME (LOSS)		37			(82	)		(45	)
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		3			19			22
Gain on sale of business, net of taxes		(20	)		—			(20	)
NET OPERATING INCOME (LOSS)	$	20		$	(63	)	$	(43	)
Effective tax rate (operating income (loss))		61.9	%		44.2	%		29.5	%

Three months ended December 31, 2010	Runoff Segment			Corporate and  Other(1)			Total
REVENUES:
Premiums	$	81		$	—		$	81
Net investment income		51			12			63
Net investment gains (losses)		(10	)		(3	)		(13	)
Insurance and investment product fees and other		57			17			74
Total revenues		179			26			205
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		59			—			59
Interest credited		37			—			37
Acquisition and operating expenses, net of deferrals		36			29			65
Amortization of deferred acquisition costs and intangibles		13			3			16
Goodwill Impairment		—			—			—
Interest expense		1			77			78
Total benefits and expenses		146			109			255
INCOME (LOSS) BEFORE INCOME TAXES		33			(83	)		(50	)
Provision (benefit) for income taxes		4			(36	)		(32	)
NET INCOME (LOSS)		29			(47	)		(18	)
ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		5			2			7
NET OPERATING INCOME (LOSS)	$	34		$	(45	)	$	(11	)
Effective tax rate (operating income (loss))		18.7	%		43.2	%		70.3	%

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

60

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss)—Corporate and Runoff Division

(amounts in millions)

Twelve months ended December 31, 2011	Runoff Segment			Corporate and  Other(1)			Total
REVENUES:
Premiums	$	260		$	—		$	260
Net investment income		140			32			172
Net investment gains (losses)		(174	)		(60	)		(234	)
Insurance and investment product fees and other		275			40			315
Total revenues		501			12			513
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		234			—			234
Interest credited		135			—			135
Acquisition and operating expenses, net of deferrals		133			50			183
Amortization of deferred acquisition costs and intangibles		80			12			92
Goodwill Impairment		—			29			29
Interest expense		2			331			333
Total benefits and expenses		584			422			1,006
LOSS BEFORE INCOME TAXES		(83	)		(410	)		(493	)
Benefit for income taxes		(30	)		(133	)		(163	)
NET LOSS		(53	)		(277	)		(330	)
ADJUSTMENTS TO NET LOSS:
Net investment (gains) losses, net of taxes and other adjustments		98			38			136
Gain on sale of business, net of taxes		(20	)		—			(20	)
NET OPERATING INCOME (LOSS)	$	25		$	(239	)	$	(214	)
Effective tax rate (operating income (loss))		32.9	%		32.0	%		31.9	%

Twelve months ended December 31, 2010	Runoff Segment			Corporate and  Other(1)			Total
REVENUES:
Premiums	$	322		$	—		$	322
Net investment income		130			38			168
Net investment gains (losses)		(2	)		(35	)		(37	)
Insurance and investment product fees and other		215			45			260
Total revenues		665			48			713
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		269			—			269
Interest credited		156			—			156
Acquisition and operating expenses, net of deferrals		135			72			207
Amortization of deferred acquisition costs and intangibles		88			13			101
Goodwill Impairment		—			—			—
Interest expense		2			293			295
Total benefits and expenses		650			378			1,028
INCOME (LOSS) BEFORE INCOME TAXES		15			(330	)		(315	)
Benefit for income taxes		(10	)		(230	)		(240	)
NET INCOME (LOSS)		25			(100	)		(75	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		5			22			27
Net tax benefit related to separation from the company’s former parent		—			(106	)		(106	)
NET OPERATING INCOME (LOSS)	$	30		$	(184	)	$	(154	)
Effective tax rate (operating income (loss))		-31.0	%		37.6	%		43.5	%

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

61

Runoff Segment

62

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Income (Loss) and Sales—Runoff Segment

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q				3Q			2Q			1Q			Total
REVENUES:
Premiums	$	2		$	89		$	84		$	85		$	260		$	81			$	82		$	79		$	80		$	322
Net investment income		36			33			37			34			140			51				36			33			10			130
Net investment gains (losses)		(4	)		(159	)		(11	)		—			(174	)		(10	)			106			(78	)		(20	)		(2	)
Insurance and investment product fees and other		104			55			57			59			275			57				54			50			54			215
Total revenues		138			18			167			178			501			179				278			84			124			665
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1			86			69			78			234			59				65			72			73			269
Interest credited		32			34			34			35			135			37				40			38			41			156
Acquisition and operating expenses, net of deferrals		23			33			34			43			133			36				33			35			31			135
Amortization of deferred acquisition costs and intangibles		3			36			23			18			80			13				41			27			7			88
Interest expense		1			—			1			—			2			1				—			—			1			2
Total benefits and expenses		60			189			161			174			584			146				179			172			153			650
INCOME (LOSS) BEFORE INCOME TAXES		78			(171	)		6			4			(83	)		33				99			(88	)		(29	)		15
Provision (benefit) for income taxes		41			(69	)		(1	)		(1	)		(30	)		4				33			(34	)		(13	)		(10	)
NET INCOME (LOSS)		37			(102	)		7			5			(53	)		29				66			(54	)		(16	)		25
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		3			91			5			(1	)		98			5				(57	)		47			10			5
Gain on sale of business, net of taxes		(20	)		—			—			—			(20	)		—				—			—			—			—
																			��
NET OPERATING INCOME (LOSS)	$	20		$	(11	)	$	12		$	4		$	25		$	34			$	9		$	(7	)	$	(6	)	$	30
Effective tax rate (operating income (loss))		61.9	%		64.5	%		13.7	%		-86.6	%		32.9	%		18.7	%			9.9	%		56.8	%		54.5	%		-31.0	%
SALES:
Sales by Product:
Income Distribution Series(1)	$	24		$	27		$	32		$	114		$	197		$	211			$	126		$	139		$	170		$	646
Traditional Variable Annuities(2)		9			8			10			20			47			43				25			30			35			133
Medicare Supplement and Other A&H		2			16			17			17			52			23				12			11			17			63
Total Sales	$	35		$	51		$	59		$	151		$	296		$	277			$	163		$	180		$	222		$	842
Sales by Distribution Channel:
Financial Intermediaries	$	28		$	29		$	37		$	126		$	220		$	240			$	141		$	158		$	195		$	734
Independent Producers		1			2			3			2			8			4				3			5			5			17
Dedicated Sales Specialists		4			4			2			6			16			10				7			6			5			28
Medicare Supplement and Other A&H		2			16			17			17			52			23				12			11			17			63
Total Sales	$	35		$	51		$	59		$	151		$	296		$	277			$	163		$	180		$	222		$	842
LOSS RATIOS:
Medicare Supplement and A&H(3)
Net Earned Premiums	$	2		$	89		$	84		$	85		$	260		$	81			$	82		$	79		$	80		$	322
Loss Ratio(4)		47.5	%		67.5	%		71.3	%		85.3	%		74.5	%		65.1	%			65.9	%		76.7	%		79.7	%		71.8	%

⁽¹⁾  The Income Distribution Series products are comprised of the deferred and immediate variable annuity products with rider options, that provide guaranteed income benefits including guaranteed minimum withdrawal benefits and certain types of guaranteed annuitization benefits. These products do not include fixed single premium immediate annuities or deferred annuities, which may also serve income distribution needs.

⁽²⁾  The traditional variable annuities include products that provide the potential for tax deferred growth on the policyholder’s premium. These products do not provide the opportunity for a living benefit through guaranteed minimum withdrawal benefits; however, similar to the Income Distribution Series products, they do provide a variety of guaranteed minimum death benefit options.

⁽³⁾  Net earned premiums and loss ratios for Medicare Supplement and A&H did not include the linked-benefits product in 2010.

⁽⁴⁾  The loss ratio for the Medicare supplement and A&H insurance products was calculated by dividing benefits and other changes in policy reserves less tabular interest on reserves less loss adjustment expenses by net earned premiums.

63

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Selected Operating Performance Measures—Runoff Segment

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Variable Annuities:
Income Distribution Series
Account value, beginning of the period	$	6,148		$	6,606		$	6,687		$	6,590		$	6,590		$	6,334		$	5,964		$	6,135		$	5,943		$	5,943
Deposits		23			30			33			117			203			214			131			141			173			659
Surrenders, benefits and product charges		(159	)		(171	)		(171	)		(185	)		(686	)		(157	)		(131	)		(150	)		(127	)		(565	)
Net flows		(136	)		(141	)		(138	)		(68	)		(483	)		57			—			(9	)		46			94
Interest credited and investment performance		253			(317	)		57			165			158			199			370			(162	)		146			553
Account value, end of the period		6,265			6,148			6,606			6,687			6,265			6,590			6,334			5,964			6,135			6,590
Traditional Variable Annuities
Account value, net of reinsurance, beginning of the period		1,735			2,012			2,096			2,078			2,078			1,993			1,879			2,048			2,016			2,016
Deposits		3			4			3			17			27			36			20			25			27			108
Surrenders, benefits and product charges		(82	)		(73	)		(100	)		(88	)		(343	)		(72	)		(68	)		(70	)		(65	)		(275	)
Net flows		(79	)		(69	)		(97	)		(71	)		(316	)		(36	)		(48	)		(45	)		(38	)		(167	)
Interest credited and investment performance		110			(208	)		13			89			4			121			162			(124	)		70			229
Account value, net of reinsurance, end of the period		1,766			1,735			2,012			2,096			1,766			2,078			1,993			1,879			2,048			2,078
Variable Life Insurance
Account value, beginning of the period		272			314			319			313			313			297			279			303			298			298
Deposits		2			3			3			3			11			3			3			3			3			12
Surrenders, benefits and product charges		(8	)		(12	)		(11	)		(11	)		(42	)		(9	)		(10	)		(8	)		(10	)		(37	)
Net flows		(6	)		(9	)		(8	)		(8	)		(31	)		(6	)		(7	)		(5	)		(7	)		(25	)
Interest credited and investment performance		18			(33	)		3			14			2			22			25			(19	)		12			40
Account value, end of the period		284			272			314			319			284			313			297			279			303			313
Total Variable Annuities	$	8,315		$	8,155		$	8,932		$	9,102		$	8,315		$	8,981		$	8,624		$	8,122		$	8,486		$	8,981
Guaranteed Investment Contracts, Funding Agreements BackingNotes and Funding Agreements:
Account value, beginning of period	$	2,717		$	3,043		$	3,317		$	3,717		$	3,717		$	4,094		$	4,441		$	4,372		$	4,502		$	4,502
Deposits		—			—			—			—			—			262			79			152			—			493
Surrenders and benefits		(111	)		(341	)		(312	)		(435	)		(1,199	)		(680	)		(477	)		(124	)		(171	)		(1,452	)
Net flows		(111	)		(341	)		(312	)		(435	)		(1,199	)		(418	)		(398	)		28			(171	)		(959	)
Interest credited		21			24			28			33			106			36			41			43			43			163
Foreign currency translation		(4	)		(9	)		10			2			(1	)		5			10			(2	)		(2	)		11
Account value, end of period	$	2,623		$	2,717		$	3,043		$	3,317		$	2,623		$	3,717		$	4,094		$	4,441		$	4,372		$	3,717

64

Corporate and Other

65

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Net Operating Loss—Corporate and Other⁽¹⁾

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		13			2			18			(1	)		32			12			7			13			6			38
Net investment gains (losses)		(32	)		(11	)		(3	)		(14	)		(60	)		(3	)		(11	)		(10	)		(11	)		(35	)
Insurance and investment product fees and other		14			13			6			7			40			17			19			5			4			45
Total revenues		(5	)		4			21			(8	)		12			26			15			8			(1	)		48
BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—			—			—			—			—
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		25			14			9			2			50			29			10			20			13			72
Amortization of deferred acquisition costs and intangibles		3			3			3			3			12			3			3			3			4			13
Goodwill impairment		29			—			—			—			29			—			—			—			—			—
Interest expense		81			82			86			82			331			77			76			71			69			293
Total benefits and expenses		138			99			98			87			422			109			89			94			86			378
LOSS BEFORE INCOME TAXES		(143	)		(95	)		(77	)		(95	)		(410	)		(83	)		(74	)		(86	)		(87	)		(330	)
Provision (benefit) for income taxes		(61	)		(55	)		1			(18	)		(133	)		(36	)		(23	)		(27	)		(144	)		(230	)
NET INCOME (LOSS)		(82	)		(40	)		(78	)		(77	)		(277	)		(47	)		(51	)		(59	)		57			(100	)
ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		19			9			2			8			38			2			7			6			7			22
Net tax benefit related to separation from the company’s former parent		—			—			—			—			—			—			—			—			(106	)		(106	)
NET OPERATING LOSS	$	(63	)	$	(31	)	$	(76	)	$	(69	)	$	(239	)	$	(45	)	$	(44	)	$	(53	)	$	(42	)	$	(184	)
Effective tax rate (operating loss)		44.2	%		61.8	%		-2.2	%		15.5	%		32.0	%		43.2	%		30.8	%		29.6	%		45.5	%		37.6	%

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

66

Additional Financial Data

67

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Investments Summary

(amounts in millions)

		December 31, 2011					September 30, 2011					June 30, 2011					March 31, 2011					December 31, 2010
		Carrying Amount		% of Total			Carrying Amount		% of Total			Carrying Amount		% of Total			Carrying Amount		% of Total			Carrying Amount		% of Total
Composition of Investment Portfolio
Fixed maturity securities:
Investment grade:
Public fixed maturity securities		$	34,770		46	%	$	34,689		46	%	$	33,127		46	%	$	31,912		45	%	$	31,781		45	%
Private fixed maturity securities			9,480		12			9,309		12			9,213		13			9,188		13			9,239		13
Residential mortgage-backed securities(1)			5,129		7			4,747		6			4,280		6			3,841		5			3,760		5
Commercial mortgage-backed securities			3,045		4			3,139		4			3,280		5			3,329		5			3,361		5
Other asset-backed securities			2,516		3			2,030		3			1,984		3			2,126		3			2,287		3
Tax-exempt			503		1			693		1			865		1			924		1			1,026		1
Non-investment grade fixed maturity securities			2,852		4			3,209		4			3,472		5			3,678		5			3,729		5
Equity securities:
Common stocks and mutual funds			306		—			284		—			263		—			232		—			215		—
Preferred stocks			55		—			70		—			111		—			123		—			117		—
Commercial mortgage loans			6,092		8			6,271		8			6,432		9			6,600		9			6,718		9
Restricted commercial mortgage loans related to securitization entities			411		1			430		1			457		1			485		1			507		1
Policy loans			1,549		2			1,556		2			1,542		2			1,480		2			1,471		2
Cash, cash equivalents and short-term investments			5,145		7			3,822		5			2,986		4			3,940		6			3,271		5
Securities lending			406		1			204		—			554		1			811		1			772		1
Other invested assets:	Limited partnerships(2)		344		—			355		1			346		—			339		—			340		—
	Derivatives:
	LTC forward starting swap—cash flow		648		1			1,515		2			264		—			169		—			222		—
	Other cash flow		—		—			—		—			—		—			192		—			205		—
	Fair value		75		—			93		—			116		—			113		—			130		—
	Equity index options—non-qualified		55		—			62		—			39		—			32		—			33		—
	LTC swaptions—non-qualified		—		—			—		—			—		—			—		—			—		—
	Other non-qualified		707		1			745		1			401		1			395		1			457		1
	Trading portfolio		788		1			639		1			607		1			667		1			677		1
	Counterparty collateral		1,023		1			1,733		2			705		1			745		1			794		2
	Restricted other invested assets related to securitization entities		377		—			377		1			379		1			376		1			372		1
	Other		116		—			106		—			114		—			91		—			85		—
Total invested assets and cash		$	76,392		100	%	$	76,078		100	%	$	71,537		100	%	$	71,788		100	%	$	71,569		100	%
Public Fixed Maturity Securities—Credit Quality:
Rating Agency Designation
AAA		$	17,179		38	%	$	17,035		38	%	$	16,253		37	%	$	15,607		37	%	$	15,797		37	%
AA			4,666		10			5,038		11			5,007		12			4,912		11			4,947		12
A			12,577		28			12,499		28			11,870		27			11,363		27			11,322		26
BBB			9,334		21			8,721		19			8,374		19			8,311		20			8,224		19
BB			1,102		2			1,206		3			1,257		3			1,358		3			1,451		4
B			142		—			233		—			279		1			309		1			292		1
CCC and lower			420		1			449		1			485		1			525		1			493		1
Total public fixed maturity securities		$	45,420		100	%	$	45,181		100	%	$	43,525		100	%	$	42,385		100	%	$	42,526		100	%
Private Fixed Maturity Securities—Credit Quality:
Rating Agency Designation
AAA		$	1,754		14	%	$	1,305		10	%	$	1,372		11	%	$	1,339		11	%	$	1,490		12	%
AA			1,079		8			1,072		9			989		8			964		8			929		7
A			3,993		31			4,087		32			3,967		31			4,089		32			4,018		32
BBB			4,861		38			4,850		39			4,917		39			4,735		37			4,727		37
BB			929		7			974		8			1,063		8			1,102		9			1,077		9
B			125		1			168		1			170		1			175		1			259		2
CCC and lower			134		1			179		1			218		2			209		2			157		1
Total private fixed maturity securities		$	12,875		100	%	$	12,635		100	%	$	12,696		100	%	$	12,613		100	%	$	12,657		100	%
(1)     The company does not have any material exposure to residential mortgage-backed securities collateralized debt obligations (CDOs).
(2)     Limited partnerships by type:
Real estate		$	168				$	173				$	162				$	156				$	155
Infrastructure			116					119					122					115					116
Other			60					63					62					68					69
Total limited partnerships		$	344				$	355				$	346				$	339				$	340

68

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Fixed Maturity Securities Summary

(amounts in millions)

	December 31, 2011					September 30, 2011					June 30, 2011					March 31, 2011					December 31, 2010
	Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total			Fair Value		% of Total
Fixed Maturity Securities—Security Sector:
U.S. government, agencies and government-sponsored enterprises	$	4,863		8	%	$	4,825		8	%	$	3,682		6	%	$	3,414		6	%	$	3,705		7	%
Tax-exempt		503		1			693		1			865		1			928		2			1,030		2
Foreign government		2,211		4			2,165		4			2,389		4			2,359		4			2,369		4
U.S. corporate		25,258		43			25,368		44			24,047		43			23,753		43			23,967		43
Foreign corporate		13,757		24			13,705		24			14,428		26			13,937		25			13,498		25
Residential mortgage-backed securities		5,695		10			5,380		9			4,983		9			4,600		9			4,455		8
Commercial mortgage-backed securities		3,400		6			3,543		6			3,721		7			3,756		7			3,743		7
Other asset-backed securities		2,608		4			2,137		4			2,106		4			2,251		4			2,416		4
Total fixed maturity securities	$	58,295		100	%	$	57,816		100	%	$	56,221		100	%	$	54,998		100	%	$	55,183		100	%
Corporate Bond Holdings—Industry Sector:
Investment Grade:
Finance and insurance	$	7,919		21	%	$	8,119		22	%	$	8,253		23	%	$	8,234		23	%	$	8,025		23	%
Utilities and energy		8,653		23			8,608		23			8,175		22			7,950		22			7,977		23
Consumer—non-cyclical		4,662		12			4,569		12			4,250		12			4,148		12			4,071		11
Consumer—cyclical		2,088		6			1,976		5			1,830		5			1,773		5			1,760		5
Capital goods		2,388		6			2,485		7			2,282		6			2,191		6			2,163		6
Industrial		2,149		6			1,995		5			1,902		5			1,850		5			1,789		5
Technology and communications		2,522		7			2,443		7			2,377		6			2,250		6			2,192		6
Transportation		1,445		4			1,403		4			1,305		4			1,284		4			1,324		4
Other		5,520		15			5,580		15			6,074		17			5,852		17			5,861		17
Subtotal		37,346		100	%		37,178		100	%		36,448		100	%		35,532		100	%		35,162		100	%
Non-Investment Grade:
Finance and insurance		290		17	%		375		20	%		425		21	%		441		21	%		512		22	%
Utilities and energy		340		21			322		17			294		15			282		13			242		10
Consumer—non-cyclical		132		8			166		9			209		10			218		10			266		12
Consumer—cyclical		72		4			106		5			123		6			163		8			175		8
Capital goods		303		18			335		17			318		16			325		15			374		16
Industrial		286		17			318		17			356		17			369		17			362		16
Technology and communications		159		10			168		9			183		9			225		10			238		10
Transportation		68		4			88		5			95		5			95		4			97		4
Other		19		1			17		1			24		1			40		2			37		2
Subtotal		1,669		100	%		1,895		100	%		2,027		100	%		2,158		100	%		2,303		100	%
Total	$	39,015		100	%	$	39,073		100	%	$	38,475		100	%	$	37,690		100	%	$	37,465		100	%
Fixed Maturity Securities—Contractual Maturity Dates:
Due in one year or less	$	2,756		5	%	$	2,720		5	%	$	2,857		5	%	$	2,379		4	%	$	2,707		5	%
Due after one year through five years		11,225		19			11,172		19			12,103		22			12,248		22			12,423		22
Due after five years through ten years		10,472		18			10,612		18			10,031		18			9,678		18			9,232		17
Due after ten years		22,139		38			22,252		39			20,420		36			20,086		37			20,207		37
Subtotal		46,592		80			46,756		81			45,411		81			44,391		81			44,569		81
Mortgage and asset-backed securities		11,703		20			11,060		19			10,810		19			10,607		19			10,614		19
Total fixed maturity securities	$	58,295		100	%	$	57,816		100	%	$	56,221		100	%	$	54,998		100	%	$	55,183		100	%

69

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Commercial Mortgage Loans Summary

(amounts in millions)

	December 31, 2011						September 30, 2011						June 30, 2011						March 31, 2011						December 31, 2010
	Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total
Geographic Region
South Atlantic	$	1,631			27	%	$	1,624			27	%	$	1,624			25	%	$	1,577			24	%	$	1,583			23	%
Pacific		1,539			25			1,598			25			1,615			25			1,746			26			1,769			26
Middle Atlantic		734			12			810			13			865			13			880			13			937			14
East North Central		557			9			568			9			577			9			603			9			612			9
Mountain		497			8			500			8			516			8			527			8			540			8
New England		388			6			390			6			422			7			480			7			482			7
West North Central		337			5			344			5			349			5			355			5			369			6
West South Central		298			5			329			5			348			5			305			5			297			4
East South Central		159			3			158			2			169			3			181			3			183			3
Subtotal		6,140			100	%		6,321			100	%		6,485			100	%		6,654			100	%		6,772			100	%
Allowance for losses		(51	)					(54	)					(57	)					(58	)					(59	)
Unamortized fees and costs		3						4						4						4						5
Total	$	6,092					$	6,271					$	6,432					$	6,600					$	6,718
Property Type
Retail	$	1,898			31	%	$	1,889			30	%	$	1,912			30	%	$	1,976			30	%	$	1,974			29	%
Industrial		1,707			28			1,736			28			1,753			27			1,745			26			1,788			26
Office		1,590			26			1,647			26			1,757			27			1,822			27			1,850			27
Apartments		641			10			708			11			718			11			700			11			725			11
Mixed use/other		304			5			341			5			345			5			411			6			435			7
Subtotal		6,140			100	%		6,321			100	%		6,485			100	%		6,654			100	%		6,772			100	%
Allowance for losses		(51	)					(54	)					(57	)					(58	)					(59	)
Unamortized fees and costs		3						4						4						4						5
Total	$	6,092					$	6,271					$	6,432					$	6,600					$	6,718
Allowance for Losses on Commercial Mortgage Loans
Beginning balance	$	54					$	57					$	58					$	59					$	62
Provision		—						—						3						—						7
Release		(3	)					(3	)					(4	)					(1	)					(10	)
Ending balance	$	51					$	54					$	57					$	58					$	59

70

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Commercial Mortgage Loans Summary

(amounts in millions)

	December 31, 2011					September 30, 2011					June 30, 2011					March 31, 2011						December 31, 2010
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	$	2,698		44	%	$	2,810		45	%	$	2,883		44	%	$	2,851			43	%	$	2,881			43	%
$5 million but less than $10 million		1,540		25			1,600		25			1,597		25			1,546			23			1,576			23
$10 million but less than $20 million		1,161		19			1,199		19			1,168		18			1,215			18			1,234			18
$20 million but less than $30 million		225		4			305		5			350		5			296			5			299			4
$30 million and over		516		8			407		6			487		8			747			11			786			12
Subtotal		6,140		100	%		6,321		100	%		6,485		100	%		6,655			100	%		6,776			100	%
Net premium/discount		—					—					—					(1	)					(4	)
Total	$	6,140				$	6,321				$	6,485				$	6,654					$	6,772

Commercial Mortgage Loan Information by Vintage as of December 31, 2011

(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	$	1,805		792	$	2		49	%	$	19		2	$	10
2005		1,366		302	$	5		63	%		3		1	$	3
2006		1,208		268	$	5		71	%		—		—	$	—
2007		1,099		180	$	6		75	%		—		—	$	—
2008		267		56	$	5		75	%		—		—	$	—
2009		—		—	$	—		—	%		—		—	$	—
2010		101		17	$	6		63	%		—		—	$	—
2011		294		55	$	5		65	%		—		—	$	—
Total	$	6,140		1,670	$	4		63	%	$	22		3	$	8

⁽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, 2011.

71

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

General Account GAAP Net Investment Income Yields

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
GAAP Net Investment Income
Fixed maturity securities—taxable	$	665		$	669		$	693		$	670		$	2,697		$	689		$	658		$	646		$	626		$	2,619
Fixed maturity securities—non-taxable		6			8			10			11			35			13			14			16			16			59
Commercial mortgage loans		92			89			92			92			365			93			95			99			104			391
Restricted commercial mortgage loans related to securitization entities		10			11			9			10			40			9			10			10			10			39
Equity securities		3			3			10			3			19			3			4			5			2			14
Other invested assets		36			31			38			30			135			32			23			29			32			116
Limited partnerships		(5	)		11			17			4			27			11			1			10			(34	)		(12	)
Restricted other invested assets related to securitization entities		—			—			—			—			—			—			1			—			1			2
Policy loans		31			30			30			29			120			29			28			28			27			112
Cash, cash equivalents and short-term investments		13			12			6			6			37			6			6			4			5			21
Gross investment income before expenses and fees		851			864			905			855			3,475			885			840			847			789			3,361
Expenses and fees		(24	)		(22	)		(24	)		(25	)		(95	)		(22	)		(25	)		(24	)		(24	)		(95	)
Net investment income	$	827		$	842		$	881		$	830		$	3,380		$	863		$	815		$	823		$	765		$	3,266
Annualized Yields
Fixed maturity securities—taxable		4.9	%		5.0	%		5.2	%		5.0	%		5.0	%		5.2	%		5.0	%		5.0	%		4.9	%		5.0	%
Fixed maturity securities—non-taxable		3.6	%		3.8	%		4.1	%		4.2	%		4.0	%		4.2	%		4.3	%		4.3	%		4.3	%		4.3	%
Commercial mortgage loans		6.0	%		5.6	%		5.6	%		5.5	%		5.7	%		5.5	%		5.4	%		5.5	%		5.8	%		5.6	%
Restricted commercial mortgage loans related to securitization entities		9.5	%		10.1	%		7.8	%		7.6	%		8.8	%		7.3	%		7.6	%		7.3	%		7.3	%		7.4	%
Equity securities		3.4	%		3.4	%		11.7	%		3.2	%		5.4	%		4.0	%		6.8	%		11.8	%		6.6	%		6.7	%
Other invested assets		14.3	%		13.4	%		15.8	%		11.7	%		13.6	%		12.1	%		13.3	%		17.3	%		15.0	%		14.0	%
Limited partnerships(1)		-5.7	%		12.6	%		19.9	%		5.1	%		7.8	%		12.3	%		1.0	%		10.6	%		-34.0	%		-3.4	%
Restricted other invested assets related to securitization entities		0.0	%		0.2	%		0.2	%		0.3	%		0.0	%		0.3	%		0.3	%		0.3	%		1.0	%		0.5	%
Policy loans		8.0	%		7.7	%		7.9	%		8.0	%		7.9	%		8.0	%		7.6	%		7.7	%		7.7	%		7.8	%
Cash, cash equivalents and short-term investments		1.2	%		1.4	%		0.7	%		0.7	%		1.0	%		0.7	%		0.5	%		0.3	%		0.4	%		0.5	%
Gross investment income before expenses and fees		4.9	%		5.0	%		5.3	%		5.0	%		5.0	%		5.1	%		4.8	%		4.9	%		4.6	%		4.9	%
Expenses and fees		-0.1	%		-0.1	%		-0.2	%		-0.2	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.2	%		-0.1	%
Net investment income		4.8	%		4.9	%		5.1	%		4.8	%		4.9	%		5.0	%		4.7	%		4.8	%		4.4	%		4.8	%

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.

72

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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

(amounts in millions)

	2011															2010
	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	$	15		$	4		$	1		$	(3	)	$	17		$	(1	)	$	3		$	4		$	(6	)	$	—
U.S. government, agencies and government-sponsored enterprises		5			1			—			3			9			—			1			—			(4	)		(3	)
Foreign corporate		(3	)		17			(8	)		(1	)		5			2			3			16			2			23
Foreign government		1			3			2			—			6			(3	)		3			—			(2	)		(2	)
Tax-exempt		7			1			(1	)		—			7			2			(2	)		(3	)		4			1
Mortgage-backed securities		(8	)		(2	)		(1	)		(2	)		(13	)		(1	)		(7	)		(5	)		(3	)		(16	)
Asset-backed securities		(1	)		—			(1	)		—			(2	)		(6	)		(1	)		—			(1	)		(8	)
Equity securities		2			—			1			2			5			7			—			1			—			8
Foreign exchange		(1	)		(1	)		1			—			(1	)		—			1			(1	)		—			—
Total net realized gains (losses) on available-for-sale securities		17			23			(6	)		(1	)		33			—			1			12			(10	)		3
Impairments:
Sub-prime residential mortgage-backed securities		(2	)		(1	)		(3	)		(6	)		(12	)		(5	)		(3	)		(1	)		(16	)		(25	)
Alt-A residential mortgage-backed securities		(3	)		(2	)		(2	)		(4	)		(11	)		(4	)		(9	)		(13	)		(8	)		(34	)
Total sub-prime and Alt-A residential mortgage-backed securities		(5	)		(3	)		(5	)		(10	)		(23	)		(9	)		(12	)		(14	)		(24	)		(59	)
Prime residential mortgage-backed securities		(1	)		(3	)		(2	)		(3	)		(9	)		(2	)		(4	)		(3	)		(6	)		(15	)
Other asset-backed securities		—			—			—			—			—			—			—			(9	)		(10	)		(19	)
Other mortgage-backed securities		(3	)		—			—			—			(3	)		—			—			—			—			—
Commercial mortgage-backed securities		(3	)		(1	)		(4	)		—			(8	)		(1	)		(2	)		(1	)		(1	)		(5	)
Corporate fixed maturity securities		—			(27	)		—			(9	)		(36	)		(10	)		(6	)		—			(3	)		(19	)
Financial hybrid securities		—			—			—			—			—			—			—			—			(4	)		(4	)
Limited partnerships		—			—			(1	)		—			(1	)		—			—			(2	)		(4	)		(6	)
Commercial mortgage loans		—			—			(4	)		(1	)		(5	)		(2	)		(1	)		(3	)		—			(6	)
Total impairments		(12	)		(34	)		(16	)		(23	)		(85	)		(24	)		(25	)		(32	)		(52	)		(133	)
Net unrealized gains (losses) on trading securities		(6	)		7			9			7			17			(4	)		14			(2	)		4			12
Derivative instruments		2			(50	)		(10	)		(6	)		(64	)		1			61			(25	)		(5	)		32
Bank loans		—			—			—			—			—			(1	)		1			4			3			7
Limited partnerships		—			—			—			—			—			—			(1	)		(2	)		(1	)		(4	)
Commercial mortgage loans held-for-sale market valuation allowance		2			2			1			(1	)		4			1			(4	)		(13	)		(3	)		(19	)
Contingent purchase price valuation change		(1	)		(15	)		(1	)		—			(17	)		—			—			—			—			—
Net gains (losses) related to securitization entities		3			(37	)		(3	)		6			(31	)		2			20			(31	)		7			(2	)
Other		(1	)		1			—			—			—			—			—			—			11			11
Net investment gains (losses), net of taxes		4			(103	)		(26	)		(18	)		(143	)		(25	)		67			(89	)		(46	)		(93	)
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes		(3	)		29			4			3			33			(1	)		(12	)		13			5			5
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes		—			(1	)		—			(1	)		(2	)		—			(1	)		—			(1	)		(2	)
Net investment gains (losses), net of taxes and other adjustments	$	1		$	(75	)	$	(22	)	$	(16	)	$	(112	)	$	(26	)	$	54		$	(76	)	$	(42	)	$	(90	)

73

Reconciliations of Non-GAAP Measures

74

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Reconciliation of Operating ROE

(amounts in millions)

	Twelve months ended
Twelve Month Rolling Average ROE	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended(1)	$	122		$	(146	)	$	(92	)	$	46		$	142
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)(2)	$	12,424		$	12,424		$	12,463		$	12,498		$	12,494
GAAP Basis ROE (1) divided by (2)		1.0	%		-1.2	%		-0.7	%		0.4	%		1.1	%
Operating ROE
Net operating income (loss) for the twelve months ended(1)	$	214		$	(7	)	$	(82	)	$	110		$	126
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)(2)	$	12,424		$	12,424		$	12,463		$	12,498		$	12,494
Operating ROE (1) divided by (2)		1.7	%		-0.1	%		-0.7	%		0.9	%		1.0	%
	Three months ended
Quarterly Average ROE	December 31, 2011			September 30, 2011			June 30, 2011			March 31, 2011			December 31, 2010
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended(3)	$	107		$	29		$	(96	)	$	82		$	(161	)
Average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)(4)	$	12,463		$	12,388		$	12,414		$	12,413		$	12,444
Annualized GAAP Quarterly Basis ROE (3) divided by (4)		3.4	%		0.9	%		-3.1	%		2.6	%		-5.2	%
Operating ROE
Net operating income (loss) for the period ended(3)	$	86		$	104		$	(74	)	$	98		$	(135	)
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)(4)	$	12,463		$	12,388		$	12,414		$	12,413		$	12,444
Annualized Operating Quarterly Basis ROE (3) divided by (4)		2.8	%		3.4	%		-2.4	%		3.2	%		-4.3	%

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).

75

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Reconciliation of Expense Ratio

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
GAAP Basis Expense Ratio
Acquisition and operating expenses, net of deferrals(1)	$	508		$	510		$	514		$	500		$	2,032		$	519		$	472		$	499		$	475		$	1,965
Total revenues(2)	$	2,600		$	2,521		$	2,655		$	2,568		$	10,344		$	2,591		$	2,667		$	2,410		$	2,421		$	10,089
Expense ratio (1) divided by (2)		19.5	%		20.2	%		19.4	%		19.5	%		19.6	%		20.0	%		17.7	%		20.7	%		19.6	%		19.5	%
GAAP Basis, As Adjusted—Expense Ratio
Acquisition and operating expenses, net of deferrals	$	508		$	510		$	514		$	500		$	2,032		$	519		$	472		$	499		$	475		$	1,965
Less lifestyle protection insurance business		134			137			151			148			570			143			139			157			154			593
Less wealth management business		93			95			92			92			372			76			73			72			66			287
Adjusted acquisition and operating expenses, net of deferrals(3)	$	281		$	278		$	271		$	260		$	1,090		$	300		$	260		$	270		$	255		$	1,085
Total revenues	$	2,600		$	2,521		$	2,655		$	2,568		$	10,344		$	2,591		$	2,667		$	2,410		$	2,421		$	10,089
Less lifestyle protection insurance business		226			245			281			270			1,022			259			258			284			311			1,112
Less wealth management business		114			115			114			110			453			93			89			89			81			352
Less net investment gains (losses)		7			(155	)		(41	)		(30	)		(219	)		(38	)		103			(141	)		(72	)		(148	)
Adjusted total revenues(4)	$	2,253		$	2,316		$	2,301		$	2,218		$	9,088		$	2,277		$	2,217		$	2,178		$	2,101		$	8,773
Adjusted expense ratio (3) divided by (4)		12.5	%		12.0	%		11.8	%		11.7	%		12.0	%		13.2	%		11.7	%		12.4	%		12.1	%		12.4	%

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.

76

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Reconciliation of Core Premiums

(amounts in millions)

	2011															2010
	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
Reported premiums	$	1,352		$	1,461		$	1,455		$	1,437		$	5,705		$	1,467		$	1,447		$	1,470		$	1,470		$	5,854
Less U.S. Life Insurance—fixed annuities premiums		33			22			20			20			95			45			42			32			36			155
Less impact of changes in foreign exchange rates		7			54			44			10			115			(7	)		(11	)		25			68			75
Core premiums	$	1,312		$	1,385		$	1,391		$	1,407		$	5,495		$	1,429		$	1,416		$	1,413		$	1,366		$	5,624
Reported premium percentage change from prior year		-7.8	%		1.0	%		-1.0	%		-2.2	%		-2.5	%		-3.7	%		-3.0	%		-2.1	%		-2.1	%		-2.7	%
Core premium percentage change from prior year		-8.2	%		-2.2	%		-1.6	%		3.0	%		-2.3	%		1.3	%		-5.9	%		-9.2	%		-13.3	%		-7.0	%

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.

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GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

Reconciliation of Core Yield

		2011															2010
	(Assets—amounts in billions)	4Q			3Q			2Q			1Q			Total			4Q			3Q			2Q			1Q			Total
	Reported—Total Invested Assets and Cash	$	76.4		$	76.1		$	71.5		$	71.8		$	76.4		$	71.6		$	74.8		$	71.8		$	69.3		$	71.6
	Subtract:
	Securities lending		0.4			0.2			0.6			0.8			0.4			0.8			0.7			0.7			0.6			0.8
	Unrealized gains (losses)		5.0			5.7			1.7			1.2			5.0			1.3			3.8			1.7			(0.9	)		1.3
	Derivative counterparty collateral		1.0			1.7			0.7			0.7			1.0			0.8			1.6			1.1			0.6			0.8
	Adjusted end of period invested assets	$	70.0		$	68.5		$	68.5		$	69.1		$	70.0		$	68.7		$	68.7		$	68.3		$	69.0		$	68.7
(A)	Average Invested Assets Used in Reported Yield Calculation	$	69.2		$	68.5		$	68.8		$	68.9		$	68.9		$	68.7		$	68.6		$	68.7		$	68.9		$	68.6
	Subtract:
	Restricted commercial mortgage loans and other invested assets related to securitization entities		0.4			0.4			0.5			0.5			0.5			0.5			0.5			0.5			0.6			0.6
(B)	Average Invested Assets Used in Core Yield Calculation		68.8			68.1			68.3			68.4			68.4			68.2			68.1			68.2			68.3			68.0
	Subtract:
	Portfolios supporting floating products and non-recourse funding obligations(1)		7.9			8.1			8.3			8.6			8.2			9.1			9.4			9.3			9.3			9.2
(C)	Average Invested Assets Used in Core Yield (excl. Floating and Non-Recourse Funding) Calculation	$	60.9		$	60.0		$	60.0		$	59.8		$	60.2		$	59.1		$	58.7		$	58.9		$	59.0		$	58.8
	(Income—amounts in millions)
(D)	Reported—Net Investment Income	$	827		$	842		$	881		$	830		$	3,380		$	863		$	815		$	823		$	765		$	3,266
	Subtract:
	Bond calls and commercial mortgage loan prepayments		10			8			16			8			42			13			8			—			7			28
	Reinsurance(2)		19			21			36			32			108			20			14			21			29			84
	Other non-core items(3)		7			3			15			2			27			31			6			7			—			44
	Restricted commercial mortgage loans and other invested assets related to securitization entities		6			8			5			7			26			7			7			7			8			29
(E)	Core Net Investment Income		785			802			809			781			3,177			792			780			788			721			3,081
	Subtract:
	Investment income from portfolios supporting floating products and non-recourse funding obligations(1)		35			33			37			34			139			33			34			28			2			97
(F)	Core Net Investment Income (excl. Floating and Non-Recourse Funding)	$	750		$	769		$	772		$	747		$	3,038		$	759		$	746		$	760		$	719		$	2,984
(D) /(A)	Reported Yield		4.78	%		4.92	%		5.12	%		4.82	%		4.91	%		5.02	%		4.75	%		4.79	%		4.44	%		4.76	%
(E) /(B)	Core Yield		4.56	%		4.71	%		4.74	%		4.57	%		4.65	%		4.65	%		4.58	%		4.62	%		4.22	%		4.52	%
(F) /(C)	Core Yield (excl. Floating and Non-Recourse Funding)		4.93	%		5.13	%		5.15	%		5.00	%		5.05	%		5.14	%		5.08	%		5.16	%		4.87	%		5.07	%

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.

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Corporate Information

79

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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”), A.M. Best Company, Inc. (“A.M. Best”) and Fitch Ratings (“Fitch”) as follows:

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

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

Company	S&P
Financial Assurance Company Limited	A-
Financial Insurance Company Limited	A-

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

Company	S&P	Moody’s
Genworth Mortgage Insurance Corporation	B	Ba1
Genworth Residential Mortgage Insurance Corporation of NC	B	Ba1
Genworth Financial Mortgage Insurance Pty. Limited (Australia)	AA-	A1
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.	mxAA	Aa3.mx

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

The S&P, Moody’s, A.M. Best, Fitch 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.

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GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FOURTH QUARTER 2011

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,” “A-,” “BBB” and “B” ratings are the fourth-, sixth-, seventh-, ninth- and fifteenth-highest of S&P’s 21 ratings categories. The short-term “A-1” rating is the highest rating and shows the capacity to meet financial commitments is strong. 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 “A1,” “A2,” “Ba1”, ratings are the fifth-, sixth-, and eleventh-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.”

Fitch states that “A” (Strong) rated insurance companies are viewed as possessing strong capacity to meet policyholder and contract obligations. The “A” rating category is the third-highest of nine financial strength rating categories, which range from “AAA” to “C.” The symbol (+) or (-) may be appended to a rating to indicate the relative position of a credit within a rating category. These suffixes are not added to ratings in the “AAA” category or to ratings below the “B” category. Accordingly, the “A-” rating is the seventh-highest of Fitch’s 19 ratings categories.

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, Fitch 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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