GENWORTH FINANCIAL INC - FORM 8-K - EX-99.2 - FINANCIAL SUPPLEMENT

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8-K - FORM 8-K - GENWORTH FINANCIAL INC	d8k.htm
EX-99.1 - PRESS RELEASE - GENWORTH FINANCIAL INC	dex991.htm

Exhibit 99.2

LOGO

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011


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

*First Quarter Results*
Net Income		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 by Segment*
Net Operating Income (Loss) by Segment		17-18
Net Operating Income and Sales—Retirement and Protection		20-29
Net Operating Income and Sales—International		31-41
Net Operating Loss and Sales—U.S. Mortgage Insurance		43-52
Net Operating Loss—Corporate and Other		54

*Additional Financial Data*
Investments Summary		56
Fixed Maturity Securities Summary		57
Commercial Mortgage Loans Summary		58-59
General Account GAAP Net Investment Income Yields		60
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail		61

*Reconciliations of Non-GAAP Measures*
Reconciliation of Operating Return On Equity (ROE)		63
Reconciliation of Expense Ratio		64
Reconciliation of Core Premiums		65
Reconciliation of Core Yield		66

*Corporate Information*
Industry Ratings		68-69

Note:

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Dear Investor,

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

Please feel free to call with any questions or comments.

Regards,

Alicia Charity

Senior Vice President

Investor Relations

804 662.2248

Diana Hickert-Hill

Vice President

Investor Relations

804 662.2643

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST 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). The company defines net operating income (loss) 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 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) 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), and measures that are derived from or incorporate net operating income (loss), are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. However, net operating income (loss) is not a substitute for net income (loss) available to Genworth Financial, Inc.’s common stockholders determined in accordance with GAAP. In addition, the company’s definition of net operating income (loss) 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 other than 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 months ended March 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 63 through 66 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 life insurance, term universal life insurance, linked-benefits, spread-based and variable products; (3) gross 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; (5) new insurance written for mortgage insurance; and (6) written premiums, net of cancellations, for the Mexican insurance operations, which in each case reflects the amount of business the company generated during each period presented. 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, we have 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 pre-sales and other loan workouts and claim mitigation actions. 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 pre-sales, 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 they specifically impact current and future loss reserves and level of claim payments.

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

⁽¹⁾	U.S. Generally Accepted Accounting Principles

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Financial Highlights

(amounts in millions, except per share data)


Balance Sheet Data	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)	$	12,457		$	12,369		$	12,518		$	12,600		$	12,544
Total accumulated other comprehensive income (loss)		1,620			1,492			2,484			1,331			347

Total Genworth Financial, Inc.’s stockholders’ equity	$	14,077		$	13,861		$	15,002		$	13,931		$	12,891

Book value per common share	$	28.70		$	28.31		$	30.64		$	28.48		$	26.36
Book value per common share, excluding accumulated other comprehensive income (loss)	$	25.40		$	25.26		$	25.57		$	25.76		$	25.65
Common shares outstanding as of the balance sheet date		490.5			489.7			489.6			489.2			489.1

	Twelve months ended
Twelve Month Rolling Average ROE	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
GAAP Basis ROE		0.4	%		1.1	%		2.7	%		2.3	%		1.5	%
Operating ROE⁽¹⁾		0.9	%		1.0	%		2.8	%		3.3	%		2.5	%

	Three months ended
Quarterly Average ROE	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
GAAP Basis ROE		2.6	%		-5.2	%		2.6	%		1.3	%		5.7	%
Operating ROE⁽¹⁾		3.2	%		-4.3	%		0.9	%		3.8	%		3.7	%


Basic and Diluted Shares	Three months ended March 31, 2011
Weighted-average shares used in basic earnings per common share calculations		490.1
Potentially dilutive securities:
Stock options, restricted stock units and stock appreciation rights		4.3

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

⁽¹⁾	See page 63 herein for a reconciliation of GAAP Basis ROE to Operating ROE.

First Quarter Results

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Income

(amounts in millions)


	Three months ended March 31,
	2011			2010
REVENUES:
Premiums	$	1,437		$	1,470
Net investment income		830			765
Net investment gains (losses)		(28	)		(70	)
Insurance and investment product fees and other		329			256

Total revenues		2,568			2,421

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,409			1,315
Interest credited		201			213
Acquisition and operating expenses, net of deferrals		500			475
Amortization of deferred acquisition costs and intangibles		185			184
Interest expense		127			115

Total benefits and expenses		2,422			2,302

INCOME BEFORE INCOME TAXES		146			119
Provision (benefit) for income taxes		30			(93	)
Effective tax rate		20.5	%		-78.2	%

NET INCOME		116			212
Less: net income attributable to noncontrolling interests		34			34

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	82		$	178

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income (Loss) by Segment

(amounts in millions, except per share amounts)


		Three months ended March 31,
		2011			2010
Retirement and Protection:
Wealth Management		$	10		$	11
Retirement Income			25			34
Life Insurance			52			37
Long-Term Care			40			40

Total Retirement and Protection			127			122
International:
International Mortgage Insurance	—Canada		51			41
	—Australia		52			43
	—Other		(4	)		(5	)
Lifestyle Protection Insurance			25			12

Total International			124			91
U.S. Mortgage Insurance			(81	)		(36	)
Corporate and Other			(72	)		(63	)

NET OPERATING INCOME			98			114

ADJUSTMENTS TO NET OPERATING INCOME:
Net investment gains (losses), net of taxes and other adjustments⁽¹⁾			(16	)		(42	)
Net tax benefit related to separation from the company’s former parent			—			106

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS			82			178
Add: net income attributable to noncontrolling interests			34			34

NET INCOME		$	116		$	212

Earnings Per Share Data:
Net income available to Genworth Financial, Inc.’s common stockholders per common share
Basic		$	0.17		$	0.36
Diluted		$	0.17		$	0.36
Net operating income per common share
Basic		$	0.20		$	0.23
Diluted		$	0.20		$	0.23
Weighted-average shares outstanding
Basic			490.1			488.8
Diluted			494.4			493.5

⁽¹⁾	See page 61 for details on net investment gains (losses), net of taxes and other adjustments.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Consolidated Net Income (Loss) by Quarter

(amounts in millions, except per share amounts)


	2011			2010
	1Q			4Q			3Q		2Q			1Q			Total
REVENUES:
Premiums	$	1,437		$	1,467		$	1,447	$	1,470		$	1,470		$	5,854
Net investment income		830			863			815		823			765			3,266
Net investment gains (losses)		(28	)		(39	)		105		(139	)		(70	)		(143	)
Insurance and investment product fees and other		329			300			300		256			256			1,112

Total revenues		2,568			2,591			2,667		2,410			2,421			10,089

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,409			1,837			1,502		1,340			1,315			5,994
Interest credited		201			205			212		211			213			841
Acquisition and operating expenses, net of deferrals		500			519			472		499			475			1,965
Amortization of deferred acquisition costs and intangibles		185			166			227		179			184			756
Interest expense		127			119			114		109			115			457

Total benefits and expenses		2,422			2,846			2,527		2,338			2,302			10,013

INCOME (LOSS) BEFORE INCOME TAXES		146			(255	)		140		72			119			76
Provision (benefit) for income taxes		30			(129	)		18		(5	)		(93	)		(209	)

NET INCOME (LOSS)		116			(126	)		122		77			212			285
Less: net income attributable to noncontrolling interests		34			35			39		35			34			143

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS	$	82		$	(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	$	0.17		$	(0.33	)	$	0.17	$	0.09		$	0.36		$	0.29
Diluted	$	0.17		$	(0.33	)	$	0.17	$	0.08		$	0.36		$	0.29
Weighted-average shares outstanding
Basic		490.1			489.6			489.5		489.1			488.8			489.3
Diluted		494.4			489.6			493.9		494.2			493.5			493.9

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income (Loss) by Segment by Quarter

(amounts in millions, except per share amounts)


		2011			2010
		1Q			4Q			3Q			2Q			1Q			Total
Retirement and Protection:
Wealth Management		$	10		$	11		$	8		$	10		$	11		$	40
Retirement Income			25			42			26			25			34			127
Life Insurance			52			42			33			32			37			144
Long-Term Care			40			43			44			47			40			174

Total Retirement and Protection			127			138			111			114			122			485
International:
International Mortgage Insurance	—Canada		51			46			44			45			41			176
	—Australia		52			55			48			59			43			205
	—Other		(4	)		(3	)		1			(11	)		(5	)		(18	)
Lifestyle Protection Insurance			25			19			28			12			12			71

Total International			124			117			121			105			91			434
U.S. Mortgage Insurance			(81	)		(352	)		(152	)		(40	)		(36	)		(580	)
Corporate and Other			(72	)		(38	)		(51	)		(61	)		(63	)		(213	)

NET OPERATING INCOME (LOSS)			98			(135	)		29			118			114			126

ADJUSTMENTS TO NET OPERATING INCOME (LOSS):
Net investment gains (losses), net of taxes and other adjustments			(16	)		(26	)		54			(76	)		(42	)		(90	)
Net tax benefit related to separation from the company’s former parent			—			—			—			—			106			106

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS			82			(161	)		83			42			178			142
Add: net income attributable to noncontrolling interests			34			35			39			35			34			143

NET INCOME (LOSS)		$	116		$	(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		$	0.17		$	(0.33	)	$	0.17		$	0.09		$	0.36		$	0.29
Diluted		$	0.17		$	(0.33	)	$	0.17		$	0.08		$	0.36		$	0.29
Net operating income (loss) per common share
Basic		$	0.20		$	(0.28	)	$	0.06		$	0.24		$	0.23		$	0.26
Diluted		$	0.20		$	(0.28	)	$	0.06		$	0.24		$	0.23		$	0.25
Weighted-average shares outstanding
Basic			490.1			489.6			489.5			489.1			488.8			489.3
Diluted			494.4			489.6			493.9			494.2			493.5			493.9

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Consolidated Balance Sheets

(amounts in millions)


	March 31, 2011		December 31, 2010		September 30, 2010		June 30, 2010		March 31, 2010
ASSETS
Investments:
Fixed maturity securities available-for-sale, at fair value	$	54,998	$	55,183	$	56,356	$	53,386	$	52,040
Equity securities available-for-sale, at fair value		355		332		223		199		179
Commercial mortgage loans		6,600		6,718		6,929		7,208		7,336
Restricted commercial mortgage loans related to securitization entities		485		507		522		535		552
Policy loans		1,480		1,471		1,480		1,467		1,408
Other invested assets		3,752		3,854		5,320		4,042		3,972
Restricted other invested assets related to securitization entities		376		372		378		374		385

Total investments		68,046		68,437		71,208		67,211		65,872
Cash and cash equivalents		3,742		3,132		3,598		4,586		3,466
Accrued investment income		794		733		760		696		775
Deferred acquisition costs		7,334		7,256		7,055		7,170		7,252
Intangible assets		713		741		647		789		863
Goodwill		1,331		1,329		1,321		1,313		1,319
Reinsurance recoverable		17,102		17,191		17,223		17,279		17,333
Other assets		883		810		958		1,024		934
Deferred tax asset		1,188		1,100		867		—		18
Separate account assets		11,807		11,666		11,063		10,284		11,261

Total assets	$	112,940	$	112,395	$	114,700	$	110,352	$	109,093

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Consolidated Balance Sheets

(amounts in millions)


	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	30,872		$	30,717		$	30,758		$	29,929		$	29,686
Policyholder account balances		26,399			26,978			27,714			28,338			28,107
Liability for policy and contract claims		6,959			6,933			6,448			6,302			6,389
Unearned premiums		4,529			4,541			4,492			4,238			4,571
Other liabilities		6,189			6,085			6,949			6,287			6,185
Borrowings related to securitization entities		489			494			502			525			551
Non-recourse funding obligations		3,431			3,437			3,437			3,437			3,437
Short-term borrowings		—			—			730			730			930
Long-term borrowings		5,347			4,952			4,373			4,331			3,638
Deferred tax liability		1,689			1,621			2,163			904			313
Separate account liabilities		11,807			11,666			11,063			10,284			11,261

Total liabilities		97,711			97,424			98,629			95,305			95,068

Stockholders’ equity:
Common stock		1			1			1			1			1
Additional paid-in capital		12,101			12,095			12,084			12,078			12,064

Accumulated other comprehensive income (loss):
Net unrealized investment gains (losses):
Net unrealized gains (losses) on securities not other-than-temporarily impaired		77			21			730			208			(652	)
Net unrealized gains (losses) on other-than-temporarily impaired securities		(114	)		(121	)		(143	)		(179	)		(208	)

Net unrealized investment gains (losses)		(37	)		(100	)		587			29			(860	)

Derivatives qualifying as hedges		864			924			1,354			1,162			777
Foreign currency translation and other adjustments		793			668			543			140			430

Total accumulated other comprehensive income (loss)		1,620			1,492			2,484			1,331			347
Retained earnings		3,055			2,973			3,133			3,221			3,179
Treasury stock, at cost		(2,700	)		(2,700	)		(2,700	)		(2,700	)		(2,700	)

Total Genworth Financial, Inc.’s stockholders’ equity		14,077			13,861			15,002			13,931			12,891
Noncontrolling interests		1,152			1,110			1,069			1,116			1,134

Total stockholders’ equity		15,229			14,971			16,071			15,047			14,025

Total liabilities and stockholders’ equity	$	112,940		$	112,395		$	114,700		$	110,352		$	109,093

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Consolidated Balance Sheet by Segment

(amounts in millions)


	March 31, 2011
	Retirement and Protection		International		U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	49,170	$	11,695	$	2,812		$	8,905		$	72,582
Deferred acquisition costs and intangible assets		8,491		794		50			43			9,378
Reinsurance recoverable		16,696		72		333			1			17,102
Deferred tax and other assets		458		277		794			542			2,071
Separate account assets		11,807		—		—			—			11,807

Total assets	$	86,622	$	12,838	$	3,989		$	9,491		$	112,940

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	30,872	$	—	$	—		$	—		$	30,872
Policyholder account balances		21,996		19		—			4,384			26,399
Liability for policy and contract claims		4,026		712		2,220			1			6,959
Unearned premiums		577		3,847		105			—			4,529
Non-recourse funding obligations		3,531		—		—			(100	)		3,431
Deferred tax and other liabilities		3,869		1,491		208			2,310			7,878
Borrowings and capital securities		—		438		—			5,398			5,836
Separate account liabilities		11,807		—		—			—			11,807

Total liabilities		76,678		6,507		2,533			11,993			97,711

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		8,822		4,310		1,516			(2,191	)		12,457
Allocated accumulated other comprehensive income (loss)		1,122		869		(60	)		(311	)		1,620

Total Genworth Financial, Inc.’s stockholders’ equity		9,944		5,179		1,456			(2,502	)		14,077
Noncontrolling interests		—		1,152		—			—			1,152

Total stockholders’ equity		9,944		6,331		1,456			(2,502	)		15,229

Total liabilities and stockholders’ equity	$	86,622	$	12,838	$	3,989		$	9,491		$	112,940

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Consolidated Balance Sheet by Segment

(amounts in millions)


	December 31, 2010
	Retirement and Protection		International		U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	49,145	$	11,329	$	2,639		$	9,189		$	72,302
Deferred acquisition costs and intangible assets		8,447		787		47			45			9,326
Reinsurance recoverable		16,664		63		463			1			17,191
Deferred tax and other assets		430		243		726			511			1,910
Separate account assets		11,666		—		—			—			11,666

Total assets	$	86,352	$	12,422	$	3,875		$	9,746		$	112,395

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	30,717	$	—	$	—		$	—		$	30,717
Policyholder account balances		22,197		18		—			4,763			26,978
Liability for policy and contract claims		3,955		695		2,282			1			6,933
Unearned premiums		582		3,854		105			—			4,541
Non-recourse funding obligations		3,537		—		—			(100	)		3,437
Deferred tax and other liabilities		3,796		1,377		222			2,311			7,706
Borrowings and capital securities		—		428		—			5,018			5,446
Separate account liabilities		11,666		—		—			—			11,666

Total liabilities		76,450		6,372		2,609			11,993			97,424

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		8,725		4,183		1,323			(1,862	)		12,369
Allocated accumulated other comprehensive income (loss)		1,177		757		(57	)		(385	)		1,492

Total Genworth Financial, Inc.’s stockholders’ equity		9,902		4,940		1,266			(2,247	)		13,861
Noncontrolling interests		—		1,110		—			—			1,110

Total stockholders’ equity		9,902		6,050		1,266			(2,247	)		14,971

Total liabilities and stockholders’ equity	$	86,352	$	12,422	$	3,875		$	9,746		$	112,395

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Deferred Acquisition Costs Rollforward

(amounts in millions)


	Retirement and Protection			International			U.S. Mortgage Insurance			Corporate and Other		Total
Unamortized balance as of December 31, 2010	$	6,791		$	622		$	34		$	3	$	7,450
Costs deferred		180			43			6			—		229
Amortization, net of interest accretion⁽¹⁾		(89	)		(62	)		(3	)		—		(154	)
Impact of foreign currency translation		—			24			—			—		24

Unamortized balance as of March 31, 2011		6,882			627			37			3		7,549
Effect of accumulated net unrealized investment (gains) losses		(215	)		—			—			—		(215	)

Balance as of March 31, 2011	$	6,667		$	627		$	37		$	3	$	7,334

⁽¹⁾	Amortization, net of interest accretion, includes $(4) million of amortization related to net investment gains (losses) for the policyholder account balances.

Quarterly Results by Segment

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income (Loss) by Segment

(amounts in millions)


	Retirement and Protection															International															U.S. Mortgage Insurance			Corporate and Other ⁽¹⁾
Three months ended March 31, 2011	Wealth Management			Retirement Income			Life Insurance			Long-Term Care			Total			Mortgage Insurance— Canada			Mortgage Insurance— Australia			Other Mortgage Insurance			Lifestyle Protection Insurance			Total			U.S. Mortgage Insurance			Corporate and Other ⁽¹⁾			Total
REVENUES:
Premiums	$	—		$	20		$	222		$	576		$	818		$	156		$	93		$	13		$	215		$	477		$	142		$	—		$	1,437
Net investment income		—			267			130			231			628			48			43			4			48			143			33			26			830
Net investment gains (losses)		—			(20	)		—			(8	)		(28	)		3			—			1			2			6			1			(7	)		(28	)
Insurance and investment product fees and other		110			60			143			7			320			—			—			1			5			6			1			2			329

Total revenues		110			327			495			806			1,738			207			136			19			270			632			177			21			2,568

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			116			258			615			989			59			42			8			32			141			279			—			1,409
Interest credited		—			105			63			—			168			—			—			—			—			—			—			33			201
Acquisition and operating expenses, net of deferrals		92			49			29			103			273			23			16			11			148			198			34			(5	)		500
Amortization of deferred acquisition costs and intangibles		1			37			38			35			111			14			12			1			40			67			4			3			185
Interest expense		—			—			26			—			26			6			—			—			13			19			—			82			127

Total benefits and expenses		93			307			414			753			1,567			102			70			20			233			425			317			113			2,422

INCOME (LOSS) BEFORE INCOME TAXES		17			20			81			53			171			105			66			(1	)		37			207			(140	)		(92	)		146
Provision (benefit) for income taxes		7			5			29			18			59			19			14			3			10			46			(59	)		(16	)		30

NET INCOME (LOSS)		10			15			52			35			112			86			52			(4	)		27			161			(81	)		(76	)		116
Less: net income attributable to noncontrolling interests		—			—			—			—			—			34			—			—			—			34			—			—			34

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		10			15			52			35			112			52			52			(4	)		27			127			(81	)		(76	)		82

ADJUSTMENTS TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			10			—			5			15			(1	)		—			—			(2	)		(3	)		—			4			16
Net tax benefit related to separation from the company’s former parent		—			—			—			—			—			—			—			—			—			—			—			—			—

NET OPERATING INCOME (LOSS)	$	10		$	25		$	52		$	40		$	127		$	51		$	52		$	(4	)	$	25		$	124		$	(81	)	$	(72	)	$	98


Effective tax rate (operating income (loss))⁽²⁾		42.3	%		28.0	%		35.5	%		35.8	%		34.9	%		9.1	%		21.7	%		-113.4	%		26.3	%		19.9	%		42.4	%		16.4	%		20.3	%

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

⁽²⁾	The operating income (loss) effective tax rate for all pages in this financial supplement was calculated using whole dollars. As a result, the percentages shown may differ from an operating income (loss) effective tax rate calculated using the rounded numbers in this financial supplement.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income (Loss) by Segment

(amounts in millions)


	Retirement and Protection															International
Three months ended March 31, 2010	Wealth Management			Retirement Income			Life Insurance			Long-Term Care			Total			Mortgage Insurance— Canada			Mortgage Insurance— Australia			Other Mortgage Insurance			Lifestyle Protection Insurance			Total			U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	—		$	36		$	229		$	559		$	824		$	147		$	84		$	15		$	258		$	504		$	142		$	—		$	1,470
Net investment income		—			276			106			212			594			45			37			3			47			132			30			9			765
Net investment gains (losses)		—			(43	)		(26	)		2			(67	)		5			—			2			2			9			4			(16	)		(70	)
Insurance and investment product fees and other		81			52			104			5			242			—			1			1			4			6			5			3			256

Total revenues		81			321			413			778			1,593			197			122			21			311			651			181			(4	)		2,421

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			136			228			581			945			56			36			14			68			174			196			—			1,315
Interest credited		—			113			60			1			174			—			—			—			—			—			—			39			213
Acquisition and operating expenses, net of deferrals		66			35			37			92			230			22			16			11			154			203			34			8			475
Amortization of deferred acquisition costs and intangibles		1			19			45			40			105			12			9			1			50			72			3			4			184
Interest expense		—			—			22			—			22			—			—			—			23			23			—			70			115

Total benefits and expenses		67			303			392			714			1,476			90			61			26			295			472			233			121			2,302

INCOME (LOSS) BEFORE INCOME TAXES		14			18			21			64			117			107			61			(5	)		16			179			(52	)		(125	)		119
Provision (benefit) for income taxes		3			4			3			23			33			30			18			(1	)		3			50			(19	)		(157	)		(93	)

NET INCOME (LOSS)		11			14			18			41			84			77			43			(4	)		13			129			(33	)		32			212
Less: net income attributable to noncontrolling interests		—			—			—			—			—			34			—			—			—			34			—			—			34

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		11			14			18			41			84			43			43			(4	)		13			95			(33	)		32			178

ADJUSTMENTS TO NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		—			20			19			(1	)		38			(2	)		—			(1	)		(1	)		(4	)		(3	)		11			42
Net tax benefit related to separation from the company’s former parent		—			—			—			—			—			—			—			—			—			—			—			(106	)		(106	)

NET OPERATING INCOME (LOSS)	$	11		$	34		$	37		$	40		$	122		$	41		$	43		$	(5	)	$	12		$	91		$	(36	)	$	(63	)	$	114


Effective tax rate (operating income (loss))		23.7	%		31.1	%		25.9	%		35.9	%		30.7	%		26.7	%		29.4	%		28.8	%		14.9	%		26.6	%		36.5	%		42.1	%		15.2	%

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

Retirement and Protection

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income—Retirement and Protection

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	818		$	835		$	845		$	822		$	824		$	3,326
Net investment income		628			651			630			630			594			2,505
Net investment gains (losses)		(28	)		(57	)		57			(69	)		(67	)		(136	)
Insurance and investment product fees and other		320			290			278			260			242			1,070

Total revenues		1,738			1,719			1,810			1,643			1,593			6,765

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		989			1,020			990			961			945			3,916
Interest credited		168			171			174			176			174			695
Acquisition and operating expenses, net of deferrals		273			269			254			252			230			1,005
Amortization of deferred acquisition costs and intangibles		111			88			159			104			105			456
Interest expense		26			27			26			29			22			104

Total benefits and expenses		1,567			1,575			1,603			1,522			1,476			6,176

INCOME BEFORE INCOME TAXES		171			144			207			121			117			589
Provision for income taxes		59			41			72			40			33			186

NET INCOME		112			103			135			81			84			403

ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		15			35			(24	)		33			38			82

NET OPERATING INCOME	$	127		$	138		$	111		$	114		$	122		$	485


Effective tax rate (operating income)		34.9	%		31.0	%		34.4	%		33.4	%		30.7	%		32.3	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

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

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		—			—			—			—			—			—
Net investment gains (losses)		—			—			—			—			—			—
Insurance and investment product fees and other		110			93			89			89			81			352

Total revenues		110			93			89			89			81			352

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—
Interest credited		—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		92			76			73			72			66			287
Amortization of deferred acquisition costs and intangibles		1			1			1			1			1			4
Interest expense		—			—			—			—			—			—

Total benefits and expenses		93			77			74			73			67			291

INCOME BEFORE INCOME TAXES		17			16			15			16			14			61
Provision for income taxes		7			5			7			6			3			21

NET INCOME		10			11			8			10			11			40

ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		—			—			—			—			—			—

NET OPERATING INCOME	$	10		$	11		$	8		$	10		$	11		$	40


Effective tax rate (operating income)		42.3	%		30.3	%		47.1	%		36.0	%		23.7	%		34.4	%

SALES:
Sales by Distribution Channel:
Independent Producers	$	1,785		$	1,334		$	1,189		$	1,195		$	1,265		$	4,983
Dedicated Sales Specialists		273			248			165			167			210			790

Total Sales	$	2,058		$	1,582		$	1,354		$	1,362		$	1,475		$	5,773


ASSETS UNDER MANAGEMENT:
Beginning of period	$	24,740		$	21,160		$	19,548		$	20,037		$	18,865		$	18,865
Gross flows		2,058			1,582			1,354			1,362			1,475			5,773
Redemptions		(1,703	)		(936	)		(893	)		(926	)		(971	)		(3,726	)

Net flows		355			646			461			436			504			2,047
Market performance		456			745			1,151			(925	)		668			1,639
Acquisition⁽¹⁾		—			2,189			—			—			—			2,189

End of period	$	25,551		$	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, we acquired the operating assets of Altegris Capital, LLC (“Altegris”). Altegris provides a platform of alternative investments including hedge funds and managed futures products.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income—Retirement Income

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	20		$	45		$	42		$	32		$	36		$	155
Net investment income		267			278			276			281			276			1,111
Net investment gains (losses)		(20	)		(20	)		75			(66	)		(43	)		(54	)
Insurance and investment product fees and other		60			56			54			53			52			215

Total revenues		327			359			447			300			321			1,427

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		116			139			149			139			136			563
Interest credited		105			109			111			114			113			447
Acquisition and operating expenses, net of deferrals		49			39			35			36			35			145
Amortization of deferred acquisition costs and intangibles		37			36			60			25			19			140
Interest expense		—			—			—			—			—			—

Total benefits and expenses		307			323			355			314			303			1,295

INCOME (LOSS) BEFORE INCOME TAXES		20			36			92			(14	)		18			132
Provision (benefit) for income taxes		5			6			29			(7	)		4			32

NET INCOME (LOSS)		15			30			63			(7	)		14			100

ADJUSTMENT TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		10			12			(37	)		32			20			27

NET OPERATING INCOME	$	25		$	42		$	26		$	25		$	34		$	127


Effective tax rate (operating income)		28.0	%		24.7	%		26.1	%		26.0	%		31.1	%		27.0	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income and Sales—Retirement Income—Fee-Based

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		5			5			5			4			4			18
Net investment gains (losses)		(7	)		(9	)		70			(19	)		(15	)		27
Insurance and investment product fees and other		58			55			52			51			50			208

Total revenues		56			51			127			36			39			253

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		6			6			10			12			9			37
Interest credited		2			2			2			3			2			9
Acquisition and operating expenses, net of deferrals		30			21			19			20			18			78
Amortization of deferred acquisition costs and intangibles		11			7			32			20			(2	)		57
Interest expense		—			—			—			—			—			—

Total benefits and expenses		49			36			63			55			27			181

INCOME (LOSS) BEFORE INCOME TAXES		7			15			64			(19	)		12			72
Provision (benefit) for income taxes		—			(2	)		20			(9	)		1			10

NET INCOME (LOSS)		7			17			44			(10	)		11			62

ADJUSTMENT TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		4			4			(34	)		10			6			(14	)

NET OPERATING INCOME	$	11		$	21		$	10		$	—		$	17		$	48


Effective tax rate (operating income)		15.1	%		4.3	%		10.9	%		90.0	%		22.4	%		5.1	%

SALES:
Sales by Product:
Income Distribution Series⁽¹⁾	$	114		$	211		$	126		$	139		$	170		$	646
Traditional Variable Annuities⁽²⁾		20			43			25			30			35			133

Total Sales	$	134		$	254		$	151		$	169		$	205		$	779

Sales by Distribution Channel:
Financial Intermediaries	$	126		$	240		$	141		$	158		$	195		$	734
Independent Producers		2			4			3			5			5			17
Dedicated Sales Specialists		6			10			7			6			5			28

Total Sales	$	134		$	254		$	151		$	169		$	205		$	779

⁽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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Selected Operating Performance Measures—Retirement Income—Fee-Based

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
Income Distribution Series
Account value, beginning of the period	$	6,590		$	6,334		$	5,964		$	6,135		$	5,943		$	5,943
Deposits		117			214			131			141			173			659
Surrenders, benefits and product charges		(185	)		(157	)		(131	)		(150	)		(127	)		(565	)

Net flows		(68	)		57			—			(9	)		46			94
Interest credited and investment performance		165			199			370			(162	)		146			553

Account value, end of the period		6,687			6,590			6,334			5,964			6,135			6,590

Traditional Variable Annuities
Account value, net of reinsurance, beginning of the period		2,078			1,993			1,879			2,048			2,016			2,016
Deposits		17			36			20			25			27			108
Surrenders, benefits and product charges		(88	)		(72	)		(68	)		(70	)		(65	)		(275	)

Net flows		(71	)		(36	)		(48	)		(45	)		(38	)		(167	)
Interest credited and investment performance		89			121			162			(124	)		70			229

Account value, net of reinsurance, end of the period		2,096			2,078			1,993			1,879			2,048			2,078

Variable Life Insurance
Account value, beginning of the period		313			297			279			303			298			298
Deposits		3			3			3			3			3			12
Surrenders, benefits and product charges		(11	)		(9	)		(10	)		(8	)		(10	)		(37	)

Net flows		(8	)		(6	)		(7	)		(5	)		(7	)		(25	)
Interest credited and investment performance		14			22			25			(19	)		12			40

Account value, end of the period		319			313			297			279			303			313

Total Retirement Income—Fee-Based	$	9,102		$	8,981		$	8,624		$	8,122		$	8,486		$	8,981

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income and Sales—Retirement Income—Spread-Based

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	20		$	45		$	42		$	32		$	36		$	155
Net investment income		262			273			271			277			272			1,093
Net investment gains (losses)		(13	)		(11	)		5			(47	)		(28	)		(81	)
Insurance and investment product fees and other		2			1			2			2			2			7

Total revenues		271			308			320			264			282			1,174

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		110			133			139			127			127			526
Interest credited		103			107			109			111			111			438
Acquisition and operating expenses, net of deferrals		19			18			16			16			17			67
Amortization of deferred acquisition costs and intangibles		26			29			28			5			21			83
Interest expense		—			—			—			—			—			—

Total benefits and expenses		258			287			292			259			276			1,114

INCOME BEFORE INCOME TAXES		13			21			28			5			6			60
Provision for income taxes		5			8			9			2			3			22

NET INCOME		8			13			19			3			3			38

ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		6			8			(3	)		22			14			41

NET OPERATING INCOME	$	14		$	21		$	16		$	25		$	17		$	79


Effective tax rate (operating income)		35.6	%		37.8	%		33.4	%		34.6	%		38.3	%		36.0	%

SALES:
Sales by Product:
Single Premium Immediate Annuities	$	57		$	79		$	82		$	72		$	68		$	301
Fixed Annuities⁽¹⁾		109			110			136			91			39			376

Total Sales	$	166		$	189		$	218		$	163		$	107		$	677

Sales by Distribution Channel:
Financial Intermediaries	$	108		$	114		$	103		$	78		$	60		$	355
Independent Producers		55			70			108			79			44			301
Dedicated Sales Specialists		3			5			7			6			3			21

Total Sales⁽¹⁾	$	166		$	189		$	218		$	163		$	107		$	677


PREMIUMS BY PRODUCT:
Single Premium Immediate Annuities	$	20		$	45		$	42		$	32		$	36		$	155

Total Premiums	$	20		$	45		$	42		$	32		$	36		$	155

In the first quarter of 2011, the company began reporting the results of the linked-benefits product for single premium deferred annuities in the spread-based retirement income 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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Selected Operating Performance Measures—Retirement Income—Spread-Based

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
Fixed Annuities
Account value, beginning of the period	$	10,819		$	10,972		$	11,117		$	11,234		$	11,409		$	11,409
Deposits		120			108			136			92			41			377
Surrenders, benefits and product charges		(368	)		(353	)		(376	)		(304	)		(312	)		(1,345	)

Net flows		(248	)		(245	)		(240	)		(212	)		(271	)		(968	)
Interest credited		89			92			95			95			96			378

Account value, end of the period		10,660			10,819			10,972			11,117			11,234			10,819

Single Premium Immediate Annuities
Account value, beginning of the period		6,528			6,783			6,529			6,593			6,675			6,675
Premiums and deposits		85			102			116			100			95			413
Surrenders, benefits and product charges		(256	)		(261	)		(251	)		(251	)		(265	)		(1,028	)

Net flows		(171	)		(159	)		(135	)		(151	)		(170	)		(615	)
Interest credited		83			84			85			87			88			344
Effect of accumulated net unrealized investment gains (losses)		(29	)		(180	)		304			—			—			124

Account value, end of the period		6,411			6,528			6,783			6,529			6,593			6,528

Structured Settlements
Account value, net of reinsurance, beginning of the period		1,113			1,114			1,115			1,115			1,115			1,115
Surrenders, benefits and product charges		(15	)		(16	)		(16	)		(15	)		(14	)		(61	)

Net flows		(15	)		(16	)		(16	)		(15	)		(14	)		(61	)
Interest credited		15			15			15			15			14			59

Account value, net of reinsurance, end of the period		1,113			1,113			1,114			1,115			1,115			1,113

Total Retirement Income—Spread-Based	$	18,184		$	18,460		$	18,869		$	18,761		$	18,942		$	18,460

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income and Sales—Life Insurance

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	222		$	217		$	226		$	232		$	229		$	904
Net investment income		130			131			122			119			106			478
Net investment gains (losses)		—			(15	)		(13	)		(7	)		(26	)		(61	)
Insurance and investment product fees and other		143			124			120			109			104			457

Total revenues		495			457			455			453			413			1,778

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		258			246			239			240			228			953
Interest credited		63			60			62			61			60			243
Acquisition and operating expenses, net of deferrals		29			40			39			39			37			155
Amortization of deferred acquisition costs and intangibles		38			38			52			43			45			178
Interest expense		26			26			26			28			22			102

Total benefits and expenses		414			410			418			411			392			1,631

INCOME BEFORE INCOME TAXES		81			47			37			42			21			147
Provision for income taxes		29			15			13			14			3			45

NET INCOME		52			32			24			28			18			102

ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		—			10			9			4			19			42

NET OPERATING INCOME	$	52		$	42		$	33		$	32		$	37		$	144


Effective tax rate (operating income)		35.5	%		32.2	%		34.9	%		34.6	%		25.9	%		31.9	%

SALES:
Sales by Product:
Term Life	$	—		$	—		$	1		$	4		$	14		$	19
Term Universal Life		31			31			31			24			10			96
Universal Life:
Annualized First-Year Deposits		11			10			10			9			8			37
Excess Deposits		36			33			26			27			20			106
Linked-Benefits⁽¹⁾		23			14			14			11			11			50

Total Universal Life		70			57			50			47			39			193

Total Sales	$	101		$	88		$	82		$	75		$	63		$	308

Sales by Distribution Channel:
Financial Intermediaries	$	14		$	8		$	9		$	7		$	6		$	30
Independent Producers		85			79			72			67			56			274
Dedicated Sales Specialist		2			1			1			1			1			4

Total Sales⁽¹⁾	$	101		$	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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Life Insurance In-force

(amounts in millions)


	2011		2010
	1Q		4Q		3Q		2Q		1Q
Term life insurance
Life insurance in-force, net of reinsurance	$	452,116	$	457,079	$	465,275	$	468,098	$	472,696
Life insurance in-force before reinsurance	$	587,545	$	595,259	$	603,606	$	612,284	$	620,108

Term universal life insurance
Life insurance in-force, net of reinsurance	$	58,371	$	45,256	$	31,761	$	17,754	$	5,453
Life insurance in-force before reinsurance	$	58,811	$	45,562	$	31,935	$	17,820	$	5,456

Universal and whole life insurance
Life insurance in-force, net of reinsurance	$	44,131	$	43,867	$	43,797	$	43,743	$	43,712
Life insurance in-force before reinsurance	$	50,855	$	50,602	$	50,632	$	50,617	$	50,655

Total life insurance
Life insurance in-force, net of reinsurance	$	554,618	$	546,202	$	540,833	$	529,595	$	521,861
Life insurance in-force before reinsurance	$	697,211	$	691,423	$	686,173	$	680,721	$	676,219

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income and Sales—Long-Term Care

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	576		$	573		$	577		$	558		$	559		$	2,267
Net investment income		231			242			232			230			212			916
Net investment gains (losses)		(8	)		(22	)		(5	)		4			2			(21	)
Insurance and investment product fees and other		7			17			15			9			5			46

Total revenues		806			810			819			801			778			3,208

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		615			635			602			582			581			2,400
Interest credited		—			2			1			1			1			5
Acquisition and operating expenses, net of deferrals		103			114			107			105			92			418
Amortization of deferred acquisition costs and intangibles		35			13			46			35			40			134
Interest expense		—			1			—			1			—			2

Total benefits and expenses		753			765			756			724			714			2,959

INCOME BEFORE INCOME TAXES		53			45			63			77			64			249
Provision for income taxes		18			15			23			27			23			88

NET INCOME		35			30			40			50			41			161

ADJUSTMENT TO NET INCOME:
Net investment (gains) losses, net of taxes and other adjustments		5			13			4			(3	)		(1	)		13

NET OPERATING INCOME	$	40		$	43		$	44		$	47		$	40		$	174


Effective tax rate (operating income)		35.8	%		35.3	%		35.5	%		35.4	%		35.9	%		35.5	%

SALES:
Sales by Distribution Channel:
Financial Intermediaries	$	5		$	4		$	5		$	3		$	4		$	16
Independent Producers		29			23			21			18			16			78
Dedicated Sales Specialist		12			12			12			13			11			48

Total Individual Long-Term Care		46			39			38			34			31			142
Group Long-Term Care		2			3			3			3			8			17
Medicare Supplement and Other A&H		17			23			12			11			17			63

Total Sales⁽¹⁾	$	65		$	65		$	53		$	48		$	56		$	222


LOSS RATIOS:
Total Long-Term Care
Net Earned Premiums	$	492		$	492		$	494		$	480		$	479		$	1,945
Loss Ratio⁽²⁾		64.5	%		72.8	%		66.6	%		64.6	%		64.6	%		67.2	%
Gross Benefits Ratio⁽³⁾		110.6	%		118.3	%		110.8	%		108.9	%		107.8	%		111.5	%
Medicare Supplement and A&H⁽⁴⁾
Net Earned Premiums	$	84		$	81		$	82		$	79		$	80		$	322
Loss Ratio⁽²⁾		85.3	%		65.1	%		65.9	%		76.7	%		79.7	%		71.8	%

In the first quarter of 2011, the company began reporting the results of the linked-benefits product for universal life insurance and single premium deferred annuities in the life insurance and spread-based retirement income 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 spread-based retirement income businesses, respectively, for comparability purposes.

⁽²⁾	The loss ratio for the long-term care 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.

⁽³⁾	The gross benefits ratio for the long-term care insurance products was calculated by dividing the benefits and other changes in policy reserves by net earned premiums.

⁽⁴⁾	Net earned premiums and loss ratios for Medicare Supplement and A&H did not include the linked-benefits product in 2010.

International

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income—International

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	477		$	481		$	453		$	495		$	504		$	1,933
Net investment income		143			129			121			127			132			509
Net investment gains (losses)		6			2			8			1			9			20
Insurance and investment product fees and other		6			5			12			(1	)		6			22

Total revenues		632			617			594			622			651			2,484

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		141			129			120			163			174			586
Acquisition and operating expenses, net of deferrals		198			198			192			205			203			798
Amortization of deferred acquisition costs and intangibles		67			69			59			67			72			267
Interest expense		19			15			11			10			23			59

Total benefits and expenses		425			411			382			445			472			1,710

INCOME BEFORE INCOME TAXES		207			206			212			177			179			774
Provision for income taxes		46			53			49			35			50			187

NET INCOME		161			153			163			142			129			587
Less: net income attributable to noncontrolling interests		34			35			39			35			34			143

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		127			118			124			107			95			444

ADJUSTMENT TO NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS:
Net investment (gains) losses, net of taxes and other adjustments		(3	)		(1	)		(3	)		(2	)		(4	)		(10	)

NET OPERATING INCOME⁽¹⁾	$	124		$	117		$	121		$	105		$	91		$	434


Effective tax rate (operating income)		19.9	%		23.7	%		22.5	%		16.5	%		26.6	%		22.4	%

⁽¹⁾	Net operating income adjusted for foreign exchange as compared to the prior year period for the International segment was $118 million for the three months ended March 31, 2011.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income and Sales—International Mortgage Insurance—Canada

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	156		$	154		$	148		$	151		$	147		$	600
Net investment income		48			48			48			47			45			188
Net investment gains (losses)		3			1			4			(1	)		5			9
Insurance and investment product fees and other		—			—			—			(1	)		—			(1	)

Total revenues		207			203			200			196			197			796

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		59			49			46			49			56			200
Acquisition and operating expenses, net of deferrals		23			27			24			23			22			96
Amortization of deferred acquisition costs and intangibles		14			12			11			13			12			48
Interest expense		6			4			4			—			—			8

Total benefits and expenses		102			92			85			85			90			352

INCOME BEFORE INCOME TAXES		105			111			115			111			107			444
Provision for income taxes		19			30			31			31			30			122

NET INCOME		86			81			84			80			77			322
Less: net income attributable to noncontrolling interests		34			35			39			35			34			143

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		52			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	)		—			(2	)		(3	)

NET OPERATING INCOME⁽¹⁾	$	51		$	46		$	44		$	45		$	41		$	176


Effective tax rate (operating income)		9.1	%		24.3	%		29.0	%		26.5	%		26.7	%		26.6	%

SALES:
New Insurance Written (NIW)
Flow	$	4,400		$	5,600		$	6,700		$	6,700		$	4,000		$	23,000
Bulk		1,100			900			600			300			1,800			3,600

Total Canada NIW⁽²⁾	$	5,500		$	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 $49 million for the three months ended March 31, 2011.

⁽²⁾	New insurance written for the Canadian platform adjusted for foreign exchange as compared to the prior year period was $5,200 million for the three months ended March 31, 2011.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income and Sales—International Mortgage Insurance—Australia

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	93		$	92		$	75		$	86		$	84		$	337
Net investment income		43			41			38			38			37			154
Net investment gains (losses)		—			2			1			—			—			3
Insurance and investment product fees and other		—			—			1			—			1			2

Total revenues		136			135			115			124			122			496

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		42			33			29			37			36			135
Acquisition and operating expenses, net of deferrals		16			19			17			14			16			66
Amortization of deferred acquisition costs and intangibles		12			10			9			9			9			37
Interest expense		—			—			—			—			—			—

Total benefits and expenses		70			62			55			60			61			238

INCOME BEFORE INCOME TAXES		66			73			60			64			61			258
Provision for income taxes		14			16			12			5			18			51

NET INCOME		52			57			48			59			43			207
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		52			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		—			(2	)		—			—			—			(2	)

NET OPERATING INCOME⁽¹⁾	$	52		$	55		$	48		$	59		$	43		$	205


Effective tax rate (operating income)		21.7	%		21.0	%		20.1	%		8.2	%		29.4	%		19.5	%

SALES:
New Insurance Written (NIW)
Flow	$	5,500		$	5,900		$	6,100		$	6,000		$	6,700		$	24,700
Bulk		1,000			1,500			900			1,200			700			4,300

Total Australia NIW⁽²⁾	$	6,500		$	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 $47 million for the three months ended March 31, 2011.

⁽²⁾	New insurance written for the Australian platform adjusted for foreign exchange as compared to the prior year period was $5,800 million for the three months ended March 31, 2011.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

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

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	13		$	16		$	12		$	14		$	15		$	57
Net investment income		4			3			3			4			3			13
Net investment gains (losses)		1			—			1			—			2			3
Insurance and investment product fees and other		1			1			5			—			1			7

Total revenues		19			20			21			18			21			80

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		8			13			8			20			14			55
Acquisition and operating expenses, net of deferrals		11			9			12			11			11			43
Amortization of deferred acquisition costs and intangibles		1			2			—			2			1			5
Interest expense		—			—			—			—			—			—

Total benefits and expenses		20			24			20			33			26			103

INCOME (LOSS) BEFORE INCOME TAXES		(1	)		(4	)		1			(15	)		(5	)		(23	)
Provision (benefit) for income taxes		3			(1	)		—			(5	)		(1	)		(7	)

NET INCOME (LOSS)		(4	)		(3	)		1			(10	)		(4	)		(16	)
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—

NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		(4	)		(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	)		(2	)

NET OPERATING INCOME (LOSS)⁽¹⁾	$	(4	)	$	(3	)	$	1		$	(11	)	$	(5	)	$	(18	)


Effective tax rate (operating income (loss))		-113.4	%		35.5	%		15.8	%		31.0	%		28.8	%		31.5	%

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

Total Other International NIW⁽²⁾	$	700		$	2,200		$	700		$	700		$	700		$	4,300

⁽¹⁾	Net operating income (loss) for the Other International platform adjusted for foreign exchange as compared to the prior year period was $(4) million for the three months ended March 31, 2011.

⁽²⁾	New insurance written for the Other International platform adjusted for foreign exchange as compared to the prior year period was $700 million for the three months ended March 31, 2011.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
Net Premiums Written
Canada	$	101		$	131		$	160		$	153		$	90		$	534
Australia		61			65			63			65			64			257
Other International⁽¹⁾		10			9			10			—			9			28

Total International Net Premiums Written	$	172		$	205		$	233		$	218		$	163		$	819

Loss Ratio⁽²⁾
Canada		38	%		32	%		31	%		32	%		38	%		33	%
Australia		45	%		37	%		38	%		42	%		44	%		40	%
Other International		62	%		81	%		69	%		136	%		93	%		96	%
Total International Loss Ratio		42	%		37	%		35	%		42	%		43	%		39	%

GAAP Basis Expense Ratio⁽³⁾
Canada		24	%		25	%		24	%		24	%		23	%		24	%
Australia		30	%		32	%		33	%		28	%		30	%		31	%
Other International⁽¹⁾		87	%		74	%		97	%		86	%		82	%		84	%
Total International GAAP Basis Expense Ratio		29	%		31	%		31	%		29	%		29	%		30	%

Adjusted Expense Ratio⁽⁴⁾
Canada		37	%		29	%		23	%		23	%		38	%		27	%
Australia		46	%		45	%		39	%		37	%		39	%		40	%
Other International⁽¹⁾		114	%		118	%		124	%		NM	⁽⁶⁾		129	%		170	%
Total International Adjusted Expense Ratio		45	%		38	%		31	%		33	%		44	%		36	%

Primary Insurance In-force
Canada	$	256,700		$	246,300		$	234,400		$	220,400		$	225,400
Australia		284,600			283,500			267,100			233,100			254,400
Other International⁽¹⁾		36,200			34,300			33,900			30,600			35,700

Total International Primary Insurance In-force	$	577,500		$	564,100		$	535,400		$	484,100		$	515,500

Primary Risk In-force⁽⁵⁾
Canada
Flow	$	72,200		$	69,300		$	65,500		$	61,300		$	62,400
Bulk		17,700			16,900			16,500			15,800			16,500

Total Canada		89,900			86,200			82,000			77,100			78,900

Australia
Flow		90,000			88,900			83,500			73,000			79,400
Bulk		9,600			10,400			10,000			8,600			9,600

Total Australia		99,600			99,300			93,500			81,600			89,000

Other International
Flow⁽¹⁾		4,700			4,500			4,500			4,000			4,700
Bulk		500			400			200			300			300

Total Other International		5,200			4,900			4,700			4,300			5,000

Total International Primary Risk In-force	$	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.

⁽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%.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance—Canada

(dollar amounts in millions)


Primary Insurance	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
Insured loans in-force		1,301,973			1,287,153			1,272,984			1,250,734			1,232,052
Insured delinquent loans		3,454			3,401			3,139			3,231			3,460
Insured delinquency rate		0.27	%		0.26	%		0.25	%		0.26	%		0.28	%
Flow loans in-force		1,011,823			1,000,254			983,809			962,793			942,850
Flow delinquent loans		3,113			3,117			2,897			3,009			3,218
Flow delinquency rate		0.31	%		0.31	%		0.29	%		0.31	%		0.34	%
Bulk loans in-force		290,150			286,899			289,175			287,941			289,202
Bulk delinquent loans		341			284			242			222			242
Bulk delinquency rate		0.12	%		0.10	%		0.08	%		0.08	%		0.08	%

Loss Metrics	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
Beginning Reserves	$	202		$	202		$	208		$	222		$	219
Paid claims		(66	)		(56	)		(58	)		(53	)		(59	)
Increase in reserves		59			50			46			49			56
Impact of changes in foreign exchange rates		5			6			6			(10	)		6

Ending Reserves	$	200		$	202		$	202		$	208		$	222


	March 31, 2011						December 31, 2010						March 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	%		0.18	%		46	%		0.18	%		48	%		0.23	%
British Columbia		16			0.31	%		16			0.30	%		16			0.25	%
Alberta		16			0.59	%		16			0.62	%		15			0.55	%
Quebec		15			0.26	%		15			0.23	%		14			0.30	%
Nova Scotia		2			0.28	%		2			0.23	%		2			0.26	%
Saskatchewan		2			0.14	%		2			0.16	%		2			0.13	%
Manitoba		1			0.10	%		1			0.09	%		1			0.08	%
New Brunswick		1			0.27	%		1			0.30	%		1			0.26	%
All Other		1			0.13	%		1			0.13	%		1			0.08	%

Total		100	%		0.27	%		100	%		0.26	%		100	%		0.28	%


By Policy Year
2003 and prior		19	%		0.04	%		20	%		0.04	%		21	%		0.05	%
2004		8			0.10	%		8			0.10	%		9			0.11	%
2005		8			0.15	%		8			0.16	%		9			0.18	%
2006		10			0.36	%		10			0.35	%		11			0.39	%
2007		21			0.53	%		21			0.55	%		24			0.59	%
2008		12			0.67	%		13			0.65	%		14			0.56	%
2009		8			0.34	%		8			0.27	%		9			0.11	%
2010		12			0.10	%		12			0.04	%		3			—	%
2011		2			—	%		—			—	%		—			—	%

Total		100	%		0.27	%		100	%		0.26	%		100	%		0.28	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance—Canada

(Canadian dollar amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
Paid Claims
Flow	$	64		$	56		$	60		$	53		$	61		$	230
Bulk		1			—			1			1			1			3

Total Paid Claims	$	65		$	56		$	61		$	54		$	62		$	233

Average Paid Claim (in thousands)	$	77.0		$	78.6		$	71.6		$	62.6		$	69.8

Average Reserve Per Delinquency (in thousands)	$	56.2		$	58.9		$	66.1		$	68.5		$	65.2

Loss Metrics
Beginning Reserves	$	200		$	207		$	221		$	226		$	229
Paid claims		(65	)		(56	)		(61	)		(54	)		(62	)
Increase in reserves		59			49			47			49			59

Ending Reserves	$	194		$	200		$	207		$	221		$	226

Loan Amount
Over $550K		4	%		4	%		4	%		4	%		3	%
$400K to $550K		8			8			7			7			7
$250K to $400K		29			28			29			28			28
$100K to $250K		52			53			53			54			55
$100K or Less		7			7			7			7			7

Total		100	%		100	%		100	%		100	%		100	%

Average Primary Loan Size (in thousands)	$	191		$	190		$	189		$	187		$	186

All amounts presented in Canadian dollars.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance—Australia

(dollar amounts in millions)


Primary Insurance	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
Insured loans in-force		1,453,554			1,468,773			1,467,660			1,477,778			1,483,844
Insured delinquent loans		7,557			7,062			7,112			7,127			7,274
Insured delinquency rate		0.52	%		0.48	%		0.48	%		0.48	%		0.49	%
Flow loans in-force		1,307,167			1,304,337			1,301,004			1,314,892			1,319,402
Flow delinquent loans		7,387			6,872			6,979			6,975			7,149
Flow delinquency rate		0.57	%		0.53	%		0.54	%		0.53	%		0.54	%
Bulk loans in-force		146,387			164,436			166,656			162,886			164,442
Bulk delinquent loans		170			190			133			152			125
Bulk delinquency rate		0.12	%		0.12	%		0.08	%		0.09	%		0.08	%

Loss Metrics	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
Beginning Reserves	$	206		$	188		$	164		$	195		$	202
Paid claims		(26	)		(27	)		(27	)		(53	)		(46	)
Increase in reserves		42			33			29			36			36
Impact of changes in foreign exchange rates		2			12			22			(14	)		3

Ending Reserves	$	224		$	206		$	188		$	164		$	195


	March 31, 2011						December 31, 2010						March 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	%		0.57	%		31	%		0.55	%		31	%		0.60	%
Victoria		23			0.38	%		23			0.36	%		23			0.39	%
Queensland		23			0.64	%		23			0.56	%		22			0.45	%
Western Australia		10			0.48	%		10			0.43	%		10			0.42	%
South Australia		6			0.47	%		6			0.43	%		6			0.38	%
New Zealand		2			1.23	%		2			1.11	%		3			1.57	%
Australian Capital Territory		2			0.12	%		2			0.09	%		2			0.10	%
Tasmania		2			0.33	%		2			0.30	%		2			0.25	%
Northern Territory		1			0.22	%		1			0.19	%		1			0.09	%

Total		100	%		0.52	%		100	%		0.48	%		100	%		0.49	%


By Policy Year
2003 and prior		20	%		0.10	%		20	%		0.09	%		23	%		0.09	%
2004		6			0.39	%		7			0.36	%		7			0.43	%
2005		9			0.53	%		9			0.50	%		10			0.60	%
2006		12			0.73	%		13			0.69	%		14			0.83	%
2007		14			1.08	%		14			1.05	%		15			1.18	%
2008		13			1.24	%		13			1.13	%		13			0.93	%
2009		14			0.61	%		14			0.46	%		15			0.13	%
2010		10			0.07	%		10			0.05	%		3			—	%
2011		2			—	%		—			—	%		—			—	%

Total		100	%		0.52	%		100	%		0.48	%		100	%		0.49	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance—Australia

(Australian dollar amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
Paid Claims
Flow	$	26		$	28		$	31		$	60		$	51		$	170
Bulk		—			—			1			—			—			1

Total Paid Claims	$	26		$	28		$	32		$	60		$	51		$	171

Average Paid Claim (in thousands)	$	71.2		$	68.1		$	61.5		$	74.2		$	66.8

Average Reserve Per Delinquency (in thousands)	$	28.5		$	28.4		$	27.3		$	27.2		$	29.1

Loss Metrics
Beginning Reserves	$	201		$	195		$	194		$	212		$	225
Paid claims		(26	)		(28	)		(32	)		(60	)		(51	)
Increase in reserves		41			34			33			42			38

Ending Reserves	$	216		$	201		$	195		$	194		$	212

Loan Amount
Over $550K		11	%		11	%		10	%		10	%		10	%
$400K to $550K		14			14			14			14			14
$250K to $400K		36			35			35			35			34
$100K to $250K		32			33			34			34			34
$100K or Less		7			7			7			7			8

Total		100	%		100	%		100	%		100	%		100	%

Average Primary Loan Size (in thousands)	$	189		$	188		$	188		$	187		$	187

All amounts presented in Australian dollars.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Selected Key Performance Measures—International Mortgage Insurance

(amounts in millions)


Risk In-force by Loan-To-Value Ratio⁽¹⁾	March 31, 2011						December 31, 2010
	Primary		Flow		Bulk		Primary		Flow		Bulk
Canada
95.01% and above	$	31,032	$	31,032	$	—	$	29,851	$	29,851	$	—
90.01% to 95.00%		23,956		23,954		3		22,899		22,896		3
80.01% to 90.00%		15,986		14,411		1,575		15,247		13,839		1,408
80.00% and below		18,867		2,776		16,091		18,205		2,665		15,540

Total Canada	$	89,842	$	72,174	$	17,669	$	86,201	$	69,251	$	16,950

Australia
95.01% and above	$	16,035	$	16,034	$	1	$	15,910	$	15,910	$	1
90.01% to 95.00%		20,530		20,520		9		20,027		20,016		11
80.01% to 90.00%		25,669		25,564		105		25,151		25,026		125
80.00% and below		37,372		27,882		9,490		38,138		27,854		10,283

Total Australia	$	99,605	$	90,000	$	9,605	$	99,227	$	88,806	$	10,420

Other International
95.01% and above	$	956	$	956	$	—	$	913	$	913	$	—
90.01% to 95.00%		2,303		2,221		82		2,152		2,074		78
80.01% to 90.00%		1,649		1,278		371		1,513		1,161		352
80.00% and below		308		260		48		358		312		46

Total Other International	$	5,216	$	4,716	$	501	$	4,936	$	4,461	$	476

Amounts may not total due to rounding.

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Income and Sales—Lifestyle Protection Insurance

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	215		$	219		$	218		$	244		$	258		$	939
Net investment income		48			37			32			38			47			154
Net investment gains (losses)		2			(1	)		2			2			2			5
Insurance and investment product fees and other		5			4			6			—			4			14

Total revenues		270			259			258			284			311			1,112

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		32			34			37			57			68			196
Acquisition and operating expenses, net of deferrals		148			143			139			157			154			593
Amortization of deferred acquisition costs and intangibles		40			45			39			43			50			177
Interest expense		13			11			7			10			23			51

Total benefits and expenses		233			233			222			267			295			1,017

INCOME BEFORE INCOME TAXES		37			26			36			17			16			95
Provision for income taxes		10			8			6			4			3			21

NET INCOME		27			18			30			13			13			74
Less: net income attributable to noncontrolling interests		—			—			—			—			—			—

NET INCOME AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS		27			18			30			13			13			74

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

NET OPERATING INCOME⁽¹⁾	$	25		$	19		$	28		$	12		$	12		$	71


Effective tax rate (operating income)		26.3	%		31.1	%		14.8	%		24.8	%		14.9	%		21.7	%

SALES:
Lifestyle Protection Insurance
Traditional indemnity premiums	$	240		$	230		$	232		$	220		$	263		$	945
Premium equivalents for administrative services only business		6			6			5			4			4			19
Reinsurance premiums assumed accounted for under the deposit method		177			191			201			200			170			762

Total Sales⁽²⁾	$	423		$	427		$	438		$	424		$	437		$	1,726

SALES BY REGION:
Lifestyle Protection Insurance
Established European Regions
Western Region	$	128		$	132		$	128		$	126		$	166		$	552
Southern Region		117			116			122			109			100			447
Nordic region		85			82			86			86			82			336
Structured Deals⁽³⁾		89			87			85			93			78			343
Other Countries		4			10			17			10			11			48

Total Sales	$	423		$	427		$	438		$	424		$	437		$	1,726



Loss Ratio		15	%		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 lifestyle protection insurance business was $26 million for the three months ended March 31, 2011.

⁽²⁾	Sales adjusted for foreign exchange as compared to the prior year period for the lifestyle protection insurance business were $436 million for the three months ended March 31, 2011.

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

U.S. Mortgage Insurance

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

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

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	142		$	151		$	149		$	153		$	142		$	595
Net investment income		33			27			28			31			30			116
Net investment gains (losses)		1			17			15			(3	)		4			33
Insurance and investment product fees and other		1			2			3			—			5			10

Total revenues		177			197			195			181			181			754

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		279			688			391			216			196			1,491
Acquisition and operating expenses, net of deferrals		34			36			28			33			34			131
Amortization of deferred acquisition costs and intangibles		4			6			6			4			3			19

Total benefits and expenses		317			730			425			253			233			1,641

LOSS BEFORE INCOME TAXES		(140	)		(533	)		(230	)		(72	)		(52	)		(887	)
Benefit for income taxes		(59	)		(191	)		(89	)		(29	)		(19	)		(328	)

NET LOSS		(81	)		(342	)		(141	)		(43	)		(33	)		(559	)

ADJUSTMENT TO NET LOSS:
Net investment (gains) losses, net of taxes and other adjustments		—			(10	)		(11	)		3			(3	)		(21	)

NET OPERATING LOSS	$	(81	)	$	(352	)	$	(152	)	$	(40	)	$	(36	)	$	(580	)


Effective tax rate (operating loss)		42.4	%		35.9	%		38.2	%		40.8	%		36.5	%		36.9	%

SALES:
New Insurance Written (NIW)
Flow	$	2,000		$	2,600		$	2,400		$	2,100		$	1,500		$	8,600
Bulk		400			600			300			100			200			1,200

Total U.S. Mortgage Insurance NIW	$	2,400		$	3,200		$	2,700		$	2,200		$	1,700		$	9,800

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Other Metrics—U.S. Mortgage Insurance

(dollar amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
Net Premiums Written	$	142		$	151		$	148		$	152		$	142		$	593
New Risk Written
Flow	$	439		$	565		$	552		$	480		$	335		$	1,932
Bulk		27			36			16			5			8			65

Total Primary		466			601			568			485			343			1,997
Pool		—			—			—			—			—			—

Total New Risk Written	$	466		$	601		$	568		$	485		$	343		$	1,997

Primary Insurance In-force	$	123,300		$	125,900		$	129,100		$	131,900		$	134,800

Risk In-force
Flow	$	27,984		$	28,498		$	29,199		$	29,836		$	30,206
Bulk		559			539			519			509			523

Total Primary		28,543			29,037			29,718			30,345			30,729
Pool		288			297			308			314			322

Total Risk In-force	$	28,831		$	29,334		$	30,026		$	30,659		$	31,051

GAAP Basis Expense Ratio⁽¹⁾		27	%		28	%		22	%		25	%		26	%		25	%
Adjusted Expense Ratio⁽²⁾		27	%		28	%		23	%		25	%		26	%		25	%
Flow Persistency		86	%		82	%		84	%		88	%		86	%
Gross Written Premiums Ceded To Captives/Total Direct Written Premiums		17	%		18	%		19	%		18	%		20	%
Risk To Capital Ratio⁽³⁾		N/A			21.9:1			17.8:1			15.1:1			14.9:1

Average Primary Loan Size (in thousands)	$	162		$	161		$	161		$	161		$	160
Primary Risk In-force Subject To Captives		41	%		43	%		45	%		47	%		48	%
Primary Risk In-force That Is GSE Conforming		96	%		96	%		96	%		96	%		96	%

Beginning Number of Primary Delinquencies		95,395			98,613			101,759			107,104			122,279			122,279
New delinquencies		23,866			25,771			27,180			26,034			31,126			110,111
Delinquency cures		(23,908	)		(21,199	)		(22,923	)		(25,868	)		(41,272	)⁽⁴⁾		(111,262	)
Paid claims		(6,335	)		(7,790	)		(7,403	)		(5,511	)		(5,029	)		(25,733	)

Ending Number of Primary Delinquencies		89,018			95,395			98,613			101,759			107,104			95,395

Primary Delinquencies by Payment Status
3 payments or less in default		20,920			25,131			26,292			26,374			28,646
4 – 11 payments in default		31,070			34,639			37,180			42,993			49,663
12 payments or more in default		37,028			35,625			35,141			32,392			28,795

Primary Delinquencies		89,018			95,395			98,613			101,759			107,104

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 risk to capital ratio for the U.S. mortgage insurance business is not available for the current period due to the timing of the statutory statement filings.

⁽⁴⁾	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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Loss Metrics—U.S. Mortgage Insurance

(dollar amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
Net Paid Claims
Flow	$	249		$	263		$	224		$	187		$	219		$	893
Bulk		3			4			19			48			209			280

Total Primary		252			267			243			235			428			1,173
Pool		1			1			—			1			—			2

Total Net Paid Claims	$	253		$	268		$	243		$	236	⁽⁶⁾	$	428	⁽⁸⁾	$	1,175

Average Paid Claim (in thousands)	$	39.7		$	34.2		$	32.8		$	42.6	⁽⁷⁾	$	84.7	⁽⁹⁾

Average Direct Net Paid Claim (in thousands)⁽¹⁾	$	50.8		$	51.1		$	51.2		$	49.3		$	49.6

Number of Primary Delinquencies
Flow		85,758			92,225			95,567			98,771			102,389
Bulk loans with established reserve		1,814			1,713			1,607			1,510			2,155
Bulk loans with no reserve⁽²⁾		1,446			1,457			1,439			1,478			2,560

Average Reserve Per Delinquency (in thousands)
Flow	$	25.4		$	24.3		$	20.4		$	19.5		$	19.2
Bulk loans with established reserve		19.9			20.6			15.7			12.8			21.7
Bulk loans with no reserve⁽²⁾		—			—			—			—			—

Beginning Reserves	$	2,282		$	1,973		$	1,952		$	2,016		$	2,289		$	2,289
Paid claims		(362	)		(438	)		(439	)		(335	)⁽⁶⁾		(503	)⁽⁸⁾		(1,715	)
Increase in reserves		300			747			460			271	⁽⁶⁾		230	⁽⁸⁾		1,708

Ending Reserves	$	2,220		$	2,282		$	1,973		$	1,952		$	2,016		$	2,282

Beginning Reinsurance Recoverable⁽³⁾	$	351		$	463		$	591		$	634		$	674		$	674
Ceded paid claims		(109	)		(170	)		(196	)		(99	)		(75	)		(540	)
Increase in recoverable		22			58			68			56			35			217

Ending Reinsurance Recoverable	$	264		$	351		$	463		$	591		$	634		$	351

Loss Ratio⁽⁴⁾		197	%		457	%		263	%		141	%		138	%		251	%
Estimated Savings For Loss Mitigation Activities⁽⁵⁾	$	122		$	126		$	158		$	217		$	233		$	734

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⁾	Average direct net paid claim excludes the impact of reinsurance and negotiated servicer and GSE settlements.

⁽²⁾	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.

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

⁽⁴⁾

The ratio of incurred losses and loss adjustment 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.

⁽⁵⁾

Loss mitigation activities include rescissions, cancellations, borrower loan modifications, repayment plans, lender- and borrower-titled pre-sales and other loan workouts and claim mitigation actions. 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.

⁽⁶⁾	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.

⁽⁷⁾	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.

⁽⁸⁾	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.

⁽⁹⁾	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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance


	2011			2010
	1Q			4Q			3Q			2Q			1Q
Risk In-force by Credit Quality⁽¹⁾
Primary by FICO Scores >679		66	%		66	%		65	%		65	%		64	%
Primary by FICO Scores 620-679		27	%		27	%		27	%		27	%		28	%
Primary by FICO Scores 575-619		5	%		5	%		6	%		6	%		6	%
Primary by FICO Scores <575		2	%		2	%		2	%		2	%		2	%

Flow by FICO Scores >679		66	%		66	%		65	%		65	%		64	%
Flow by FICO Scores 620-679		27	%		27	%		27	%		27	%		28	%
Flow by FICO Scores 575-619		5	%		5	%		6	%		6	%		6	%
Flow by FICO Scores <575		2	%		2	%		2	%		2	%		2	%

Bulk by FICO Scores >679		89	%		89	%		88	%		88	%		87	%
Bulk by FICO Scores 620-679		9	%		9	%		10	%		10	%		11	%
Bulk by FICO Scores 575-619		1	%		1	%		1	%		1	%		1	%
Bulk by FICO Scores <575		1	%		1	%		1	%		1	%		1	%

Primary A minus		5	%		5	%		5	%		5	%		5	%
Primary Sub-prime⁽²⁾		5	%		5	%		5	%		5	%		5	%

Primary Loans
Primary loans in-force		763,439			781,024			802,090			821,617			840,618
Primary delinquent loans		89,018			95,395			98,613			101,759			107,104
Primary delinquency rate		11.66	%		12.21	%		12.29	%		12.39	%		12.74	%

Flow loans in-force		673,276			687,964			705,754			723,301			735,564
Flow delinquent loans		85,758			92,225			95,567			98,771			102,389
Flow delinquency rate		12.74	%		13.41	%		13.54	%		13.66	%		13.92	%

Bulk loans in-force		90,163			93,060			96,336			98,316			105,054
Bulk delinquent loans		3,260			3,170			3,046			2,988			4,715
Bulk delinquency rate		3.62	%		3.41	%		3.16	%		3.04	%		4.49	%

A minus and sub-prime loans in-force		75,421			77,822			80,774			83,859			86,185
A minus and sub-prime delinquent loans		20,656			22,827			23,882			24,867			26,387
A minus and sub-prime delinquency rate		27.39	%		29.33	%		29.57	%		29.65	%		30.62	%

Pool Loans
Pool loans in-force		17,421			17,880			18,759			19,473			19,907
Pool delinquent loans		913			989			939			831			783
Pool delinquency rate		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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance


	March 31, 2011									December 31, 2010									March 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 Primary Risk In-force			Primary Delinquency Rate
By Region
Southeast⁽²⁾		34	%		22	%		16.26	%		34	%		23	%		16.79	%		23	%		17.28	%
South Central⁽³⁾		13			16			10.01	%		14			16			11.00	%		16			11.81	%
Northeast⁽⁴⁾		11			14			11.44	%		10			14			11.66	%		14			11.13	%
North Central⁽⁵⁾		12			12			11.06	%		12			11			11.51	%		11			11.66	%
Pacific⁽⁶⁾		14			11			13.64	%		14			11			14.39	%		11			16.66	%
Great Lakes⁽⁷⁾		7			9			8.44	%		7			9			8.92	%		9			9.47	%
Plains⁽⁸⁾		3			6			7.73	%		3			6			8.14	%		6			7.72	%
New England⁽⁹⁾		3			5			10.43	%		3			5			10.71	%		5			11.67	%
Mid-Atlantic⁽¹⁰⁾		3			5			10.09	%		3			5			10.67	%		5			11.85	%

Total		100	%		100	%		11.66	%		100	%		100	%		12.21	%		100	%		12.74	%

By State
Florida		23	%		7	%		28.09	%		23	%		8	%		28.31	%		8	%		29.07	%
Texas		3	%		7	%		7.63	%		3	%		7	%		8.71	%		7	%		9.10	%
New York		4	%		7	%		9.59	%		4	%		7	%		9.76	%		6	%		9.12	%
California		7	%		5	%		12.89	%		7	%		5	%		13.99	%		5	%		17.72	%
Illinois		8	%		5	%		15.44	%		7	%		5	%		15.79	%		5	%		16.09	%
Georgia		4	%		4	%		15.12	%		4	%		4	%		16.16	%		4	%		17.40	%
North Carolina		2	%		4	%		10.73	%		2	%		4	%		11.23	%		4	%		11.50	%
New Jersey		4	%		4	%		17.53	%		4	%		4	%		17.30	%		4	%		16.68	%
Pennsylvania		2	%		4	%		10.32	%		2	%		4	%		10.94	%		4	%		10.66	%
Ohio		2	%		3	%		7.97	%		2	%		3	%		8.19	%		3	%		8.11	%

⁽¹⁾	Total reserves were $2,220 million and $2,282 million as of March 31, 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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance

(amounts in millions)


Primary Risk In-force:	March 31, 2011		% of Total			December 31, 2010		% of Total			March 31, 2010		% of Total
Lender concentration (by original applicant)	$	28,543				$	29,037				$	30,729
Top 10 lenders		14,322					14,647					15,365
Top 20 lenders		16,366					16,729					17,904

Loan-to-value ratio
95.01% and above	$	7,181		25	%	$	7,274		25	%	$	7,775		25	%
90.01% to 95.00%		9,875		35			10,044		34			10,594		34
80.01% to 90.00%		10,992		38			11,243		39			11,902		39
80.00% and below		495		2			476		2			458		2

Total	$	28,543		100	%	$	29,037		100	%	$	30,729		100	%

Loan grade
Prime	$	25,730		90	%	$	26,139		90	%	$	27,525		90	%
A minus and sub-prime		2,813		10			2,898		10			3,204		10

Total	$	28,543		100	%	$	29,037		100	%	$	30,729		100	%

Loan type⁽¹⁾
First mortgages
Fixed rate mortgage
Flow	$	27,384		96	%	$	27,874		96	%	$	29,502		96	%
Bulk		538		2			517		2			498		2
Adjustable rate mortgage
Flow		600		2			624		2			704		2
Bulk		21		—			22		—			25		—
Second mortgages		—		—			—		—			—		—

Total	$	28,543		100	%	$	29,037		100	%	$	30,729		100	%

Type of documentation
Alt-A
Flow	$	837		3	%	$	872		3	%	$	991		3	%
Bulk		40		—			41		—			65		—
Standard⁽²⁾
Flow		27,147		95			27,626		95			29,215		95
Bulk		519		2			498		2			458		2

Total	$	28,543		100	%	$	29,037		100	%	$	30,729		100	%

Mortgage term
15 years and under	$	459		2	%	$	425		1	%	$	360		1	%
More than 15 years		28,084		98			28,612		99			30,369		99

Total	$	28,543		100	%	$	29,037		100	%	$	30,729		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 approved underwriting systems with historical and expected delinquency rates consistent with historical and expected delinquency rates consistent with the company’s standard portfolio.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance

(amounts in millions)


	March 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		7.86	%		0.8	%	$	1,995		1.6	%	$	512		1.8	%
2001		7.56	%		0.5			1,037		0.8			261		0.9
2002		6.64	%		1.0			2,559		2.1			629		2.2
2003		5.65	%		2.3			10,225		8.3			1,762		6.2
2004		5.88	%		2.6			6,245		5.1			1,416		5.0
2005		5.98	%		13.5			10,088		8.2			2,589		9.1
2006		6.49	%		22.4			13,590		11.0			3,316		11.6
2007		6.57	%		48.8			29,931		24.3			7,377		25.8
2008		6.16	%		7.9			27,807		22.5			6,894		24.1
2009		5.08	%		0.1			8,254		6.7			1,421		5.0
2010		4.66	%		0.1			9,248		7.5			1,901		6.7
2011		4.50	%		—			2,343		1.9			465		1.6

Total		6.10	%		100.0	%	$	123,322		100.0	%	$	28,543		100.0	%


Occupancy and Property Type	March 31, 2011			December 31, 2010
Occupancy Status % of Primary Risk In-force
Primary residence		93.7	%		93.7	%
Second home		3.9			3.9
Non-owner occupied		2.4			2.4

Total		100.0	%		100.0	%

Property Type % of Primary Risk In-force
Single family detached		85.8	%		85.7	%
Condominium and co-operative		11.3			11.3
Multi-family and other		2.9			3.0

Total		100.0	%		100.0	%

⁽¹⁾	Average Annual Mortgage Interest Rate

⁽²⁾	Total reserves were $2,220 million as of March 31, 2011.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Portfolio Quality Metrics—U.S. Mortgage Insurance

(amounts in billions)


	FICO > 679			FICO 620 - 679⁽¹⁾			FICO < 620			Total
	2011			2011			2011			2011
Primary Risk In-force	1Q			1Q			1Q			1Q
Total Primary Risk In-force	$	18.9		$	7.6		$	2.0		$	28.5
Delinquency rate⁽²⁾		7.4	%		18.5	%		27.8	%		11.7	%
2011 policy year	$	0.5		$	—		$	—		$	0.5
Delinquency rate		—	%		—	%		—	%		—	%
2010 policy year	$	1.8		$	0.1		$	—		$	1.9
Delinquency rate		0.1	%		0.3	%		1.8	%		0.1	%
2009 policy year	$	1.3		$	0.1		$	—		$	1.4
Delinquency rate		0.4	%		1.8	%		5.6	%		0.5	%
2008 policy year	$	5.2		$	1.4		$	0.3		$	6.9
Delinquency rate		6.3	%		14.7	%		24.7	%		8.7	%
2007 policy year	$	4.2		$	2.4		$	0.8		$	7.4
Delinquency rate		12.6	%		22.6	%		32.5	%		18.2	%
2006 policy year	$	1.9		$	1.1		$	0.3		$	3.3
Delinquency rate		13.6	%		22.4	%		28.8	%		18.0	%
2005 and prior policy year	$	4.0		$	2.5		$	0.6		$	7.1
Delinquency rate		7.5	%		16.9	%		23.5	%		11.6	%
Fixed rate mortgage	$	18.6		$	7.4		$	1.9		$	27.9
Delinquency rate		7.1	%		18.3	%		27.6	%		11.4	%
Adjustable rate mortgage	$	0.3		$	0.2		$	0.1		$	0.6
Delinquency rate		24.8	%		27.4	%		36.1	%		26.7	%
Loan-to-value > 95%	$	3.8		$	2.6		$	0.8		$	7.2
Delinquency rate		9.3	%		20.7	%		31.3	%		16.1	%
Alt-A⁽³⁾	$	0.6		$	0.3		$	—		$	0.9
Delinquency rate		18.8	%		32.7	%		34.7	%		23.0	%
Interest only and option ARMs	$	1.4		$	0.5		$	0.1		$	2.0
Delinquency rate		26.9	%		37.3	%		42.7	%		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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

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

(dollar amounts in millions)


	March 31, 2011			December 31, 2010			March 31, 2010
GSE Alt-A
Risk in-force	$	27		$	28		$	58
Average FICO score		732			732			721
Loan-to-value ratio		81	%		81	%		79	%
Standard documentation⁽¹⁾		11	%		11	%		18	%
Stop loss		100	%		100	%		100	%
Deductible		—	%		—	%		49	%

FHLB
Risk in-force	$	459		$	436		$	382
Average FICO score		757			753			757
Loan-to-value ratio		75	%		75	%		70	%
Standard documentation⁽¹⁾		97	%		97	%		96	%
Stop loss		94	%		93	%		90	%
Deductible		100	%		100	%		100	%

Other
Risk in-force	$	73		$	75		$	83
Average FICO score		692			692			699
Loan-to-value ratio		92	%		92	%		91	%
Standard documentation⁽¹⁾		97	%		97	%		97	%
Stop loss		8	%		9	%		9	%
Deductible		—	%		—	%		—	%
Total Bulk Risk In-force	$	559		$	539		$	523

⁽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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

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


						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)
2004				0%-50	%	$	—	$	4
2004				50%-75	%		0.2		29
2004				75%-99	%		0.2		31
2004				Attached			0.3		44

2004 Total	$	3.1				$	0.7	$	108	$	2

2005				0%-50	%	$	—	$	1
2005				50%-75	%		—		—
2005				75%-99	%		—		1
2005				Attached			1.5		451

2005 Total	$	3.9				$	1.5	$	453		2

2006				0%-50	%	$	—	$	1
2006				50%-75	%		—		—
2006				75%-99	%		—		—
2006				Attached			1.6		640

2006 Total	$	3.4				$	1.6	$	641		9

2007				0%-50	%	$	—	$	1
2007				50%-75	%		—		—
2007				75%-99	%		—		1
2007				Attached			3.4		1,133

2007 Total	$	5.4				$	3.4	$	1,135		4

2008				0%-50	%	$	0.3	$	8
2008				50%-75	%		0.2		8
2008				75%-99	%		0.1		4
2008				Attached			1.3		161

2008 Total	$	2.7				$	1.9	$	181		4



Captive Benefits In Quarter ($MM)										$	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.

Corporate and Other

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Net Operating Loss—Corporate and Other⁽¹⁾

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		26			56			36			35			9			136
Net investment gains (losses)		(7	)		(1	)		25			(68	)		(16	)		(60	)
Insurance and investment product fees and other		2			3			7			(3	)		3			10

Total revenues		21			58			68			(36	)		(4	)		86

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			1			—			—			1
Interest credited		33			34			38			35			39			146
Acquisition and operating expenses, net of deferrals		(5	)		16			(2	)		9			8			31
Amortization of deferred acquisition costs and intangibles		3			3			3			4			4			14
Interest expense		82			77			77			70			70			294

Total benefits and expenses		113			130			117			118			121			486

LOSS BEFORE INCOME TAXES		(92	)		(72	)		(49	)		(154	)		(125	)		(400	)
Benefit for income taxes		(16	)		(32	)		(14	)		(51	)		(157	)		(254	)

NET INCOME (LOSS)		(76	)		(40	)		(35	)		(103	)		32			(146	)

ADJUSTMENTS TO NET INCOME (LOSS):
Net investment (gains) losses, net of taxes and other adjustments		4			2			(16	)		42			11			39
Net tax benefit related to separation from the company’s former parent		—			—			—			—			(106	)		(106	)

NET OPERATING LOSS	$	(72	)	$	(38	)	$	(51	)	$	(61	)	$	(63	)	$	(213	)


Effective tax rate (operating loss)		16.4	%		44.0	%		31.2	%		30.6	%		42.1	%		37.2	%

Guaranteed Investment Contracts, Funding Agreements Backing Notes and Funding Agreements:
Account value, beginning of period	$	3,717		$	4,094		$	4,441		$	4,372		$	4,502		$	4,502
Deposits		—			262			79			152			—			493
Surrenders and benefits⁽²⁾		(435	)		(680	)		(477	)		(124	)		(171	)		(1,452	)

Net flows		(435	)		(418	)		(398	)		28			(171	)		(959	)
Interest credited		33			36			41			43			43			163
Foreign currency translation		2			5			10			(2	)		(2	)		11

Account value, end of period	$	3,317		$	3,717		$	4,094		$	4,441		$	4,372		$	3,717

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

⁽²⁾	The company has included in “surrenders and benefits” the early retirement of institutional contracts at a discount to contract values.

Additional Financial Data

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Investments Summary

(amounts in millions)


		March 31, 2011					December 31, 2010					September 30, 2010					June 30, 2010					March 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		$	31,912		45	%	$	31,781		45	%	$	32,379		43	%	$	30,044		42	%	$	28,675		41	%
Private fixed maturity securities			9,188		13			9,239		13			9,458		13			9,254		13			9,397		14
Residential mortgage-backed securities⁽¹⁾			3,841		5			3,760		5			3,640		5			3,258		4			3,141		5
Commercial mortgage-backed securities			3,329		5			3,361		5			3,379		5			3,428		5			3,457		5
Other asset-backed securities			2,126		3			2,287		3			2,345		3			2,301		3			2,186		3
Tax-exempt			924		1			1,026		1			1,263		2			1,341		2			1,415		2
Non-investment grade fixed maturity securities			3,678		5			3,729		5			3,892		5			3,760		5			3,769		5
Equity securities:
Common stocks and mutual funds			232		—			215		—			90		—			81		—			82		—
Preferred stocks			123		—			117		—			133		—			118		—			97		—
Commercial mortgage loans			6,600		9			6,718		9			6,929		9			7,208		10			7,336		10
Restricted commercial mortgage loans related to securitization entities			485		1			507		1			522		1			535		1			552		1
Policy loans			1,480		2			1,471		2			1,480		2			1,467		2			1,408		2
Cash, cash equivalents and short-term investments			3,940		6			3,271		5			3,800		5			4,776		7			4,763		7
Securities lending			811		1			772		1			702		1			680		1			593		1
Other invested assets:	Limited partnerships⁽²⁾		339		—			340		—			365		—			363		1			371		1
	Derivatives:
	LTC forward starting swap—cash flow		169		—			222		—			821		1			540		1			69		—
	Other cash flow		192		—			205		—			188		—			142		—			101		—
	Fair value		113		—			130		—			147		—			144		—			151		—
	Equity index options—non-qualified		32		—			33		—			61		—			97		—			34		—
	LTC swaptions—non-qualified		—		—			—		—			8		—			4		—			14		—
	Other non-qualified		395		1			457		1			458		1			516		1			490		1
	Trading portfolio		667		1			677		1			701		1			221		—			167		—
	Counterparty collateral		745		1			794		2			1,586		2			1,058		1			628		1
	Restricted other invested assets related to securitization entities		376		1			372		1			378		1			374		1			385		1
	Other		91		—			85		—			81		—			87		—			57		—

Total invested assets and cash		$	71,788		100	%	$	71,569		100	%	$	74,806		100	%	$	71,797		100	%	$	69,338		100	%

Public Fixed Maturity Securities—Credit Quality:
Rating Agency Designation
AAA		$	15,607		37	%	$	15,797		37	%	$	16,138		37	%	$	14,525		36	%	$	13,625		35	%
AA			4,912		11			4,947		12			5,054		12			4,947		12			4,808		12
A			11,363		27			11,322		26			11,679		27			11,147		27			11,034		28
BBB			8,311		20			8,224		19			8,370		19			7,804		19			7,561		19
BB			1,358		3			1,451		4			1,464		3			1,373		4			1,441		4
B			309		1			292		1			348		1			430		1			454		1
CCC and lower			525		1			493		1			477		1			451		1			400		1
Not rated			—		—			—		—			—		—			—		—			—		—

Total public fixed maturity securities		$	42,385		100	%	$	42,526		100	%	$	43,530		100	%	$	40,677		100	%	$	39,323		100	%


Private Fixed Maturity Securities—Credit Quality:
Rating Agency Designation
AAA		$	1,339		11	%	$	1,490		12	%	$	1,589		12	%	$	1,433		11	%	$	1,311		10	%
AA			964		8			929		7			1,010		8			1,170		9			1,134		9
A			4,089		32			4,018		32			4,069		32			3,889		31			3,889		31
BBB			4,735		37			4,727		37			4,555		36			4,711		37			4,909		38
BB			1,102		9			1,077		9			1,185		9			1,135		9			1,184		10
B			175		1			259		2			269		2			245		2			151		1
CCC and lower			209		2			157		1			149		1			126		1			139		1

Total private fixed maturity securities		$	12,613		100	%	$	12,657		100	%	$	12,826		100	%	$	12,709		100	%	$	12,717		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		$	156				$	155				$	177				$	165				$	159
Infrastructure			115					116					112					114					113
Other			68					69					76					84					99

Total limited partnerships		$	339				$	340				$	365				$	363				$	371

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Fixed Maturity Securities Summary

(amounts in millions)


	March 31, 2011					December 31, 2010					September 30, 2010					June 30, 2010					March 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	$	3,414		6	%	$	3,705		7	%	$	3,922		7	%	$	3,684		7	%	$	3,029		6	%
Tax-exempt		928		2			1,030		2			1,271		2			1,350		3			1,436		3
Foreign government		2,359		4			2,369		4			2,352		4			2,146		4			2,414		5
U.S. corporate		23,753		43			23,967		43			24,525		44			23,378		44			22,253		43
Foreign corporate		13,937		25			13,498		25			13,815		24			12,799		24			13,151		25
Residential mortgage-backed securities		4,600		9			4,455		8			4,334		8			3,955		7			3,810		7
Commercial mortgage-backed securities		3,756		7			3,743		7			3,757		7			3,726		7			3,693		7
Other asset-backed securities		2,251		4			2,416		4			2,380		4			2,348		4			2,254		4

Total fixed maturity securities	$	54,998		100	%	$	55,183		100	%	$	56,356		100	%	$	53,386		100	%	$	52,040		100	%

Corporate Bond Holdings—Industry Sector:
Investment Grade:
Finance and insurance	$	8,234		23	%	$	8,025		23	%	$	8,425		23	%	$	8,076		24	%	$	8,440		26	%
Utilities and energy		7,950		22			7,977		23			8,123		23			7,628		23			7,460		23
Consumer—non-cyclical		4,148		12			4,071		11			4,210		12			4,065		12			3,728		11
Consumer—cyclical		1,773		5			1,760		5			1,808		5			1,791		5			1,559		5
Capital goods		2,191		6			2,163		6			2,107		6			2,028		6			1,990		6
Industrial		1,850		5			1,789		5			1,531		4			1,461		4			1,431		4
Technology and communications		2,250		6			2,192		6			2,221		6			1,909		6			1,925		6
Transportation		1,284		4			1,324		4			1,344		4			1,290		4			1,240		4
Other		5,852		17			5,861		17			6,023		17			5,435		16			5,101		15

Subtotal	$	35,532		100	%	$	35,162		100	%	$	35,792		100	%	$	33,683		100	%	$	32,874		100	%

Non-Investment Grade:
Finance and insurance	$	441		21	%	$	512		22	%	$	637		25	%	$	647		26	%	$	669		26	%
Utilities and energy		282		13			242		10			249		10			221		9			240		10
Consumer—non-cyclical		218		10			266		12			282		11			282		11			322		13
Consumer—cyclical		163		8			175		8			202		8			193		8			210		8
Capital goods		325		15			374		16			400		16			388		16			379		15
Industrial		369		17			362		16			400		15			389		16			354		14
Technology and communications		225		10			238		10			240		9			229		9			226		9
Transportation		95		4			97		4			99		4			106		4			77		3
Other		40		2			37		2			39		2			39		1			53		2

Subtotal	$	2,158		100	%	$	2,303		100	%	$	2,548		100	%	$	2,494		100	%	$	2,530		100	%

Total	$	37,690		100	%	$	37,465		100	%	$	38,340		100	%	$	36,177		100	%	$	35,404		100	%

Fixed Maturity Securities—Contractual Maturity Dates:
Due in one year or less	$	2,379		4	%	$	2,707		5	%	$	2,613		4	%	$	2,801		5	%	$	2,660		5	%
Due after one year through five years		12,248		22			12,423		22			12,562		22			11,696		22			12,582		24
Due after five years through ten years		9,678		18			9,232		17			9,454		17			8,877		17			8,152		16
Due after ten years		20,086		37			20,207		37			21,256		38			19,983		37			18,889		36

Subtotal		44,391		81			44,569		81			45,885		81			43,357		81			42,283		81
Mortgage and asset-backed securities		10,607		19			10,614		19			10,471		19			10,029		19			9,757		19

Total fixed maturity securities	$	54,998		100	%	$	55,183		100	%	$	56,356		100	%	$	53,386		100	%	$	52,040		100	%

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Commercial Mortgage Loans Summary

(amounts in millions)


	March 31, 2011						December 31, 2010						September 30, 2010						June 30, 2010						March 31, 2010
	Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total			Carrying Amount			% of Total
Geographic Region

Pacific	$	1,746			26	%	$	1,769			26	%	$	1,857			27	%	$	1,937			27	%	$	1,966			27	%
South Atlantic		1,577			24			1,583			23			1,593			23			1,660			23			1,669			23
Middle Atlantic		880			13			937			14			935			13			974			13			987			13
East North Central		603			9			612			9			657			9			701			10			714			10
Mountain		527			8			540			8			591			9			624			8			640			9
New England		480			7			482			7			484			7			491			7			486			6
West North Central		355			5			369			6			374			5			378			5			385			5
West South Central		305			5			297			4			306			4			314			4			325			4
East South Central		181			3			183			3			189			3			194			3			210			3

Subtotal		6,654			100	%		6,772			100	%		6,986			100	%		7,273			100	%		7,382			100	%

Allowance for losses		(58	)					(59	)					(62	)					(70	)					(52	)
Unamortized fees and costs		4						5						5						5						6

Total	$	6,600					$	6,718					$	6,929					$	7,208					$	7,336

Property Type

Retail	$	1,976			30	%	$	1,974			29	%	$	2,015			29	%	$	2,047			28	%	$	2,074			28	%
Office		1,822			27			1,850			27			1,897			27			1,971			27			1,991			27
Industrial		1,745			26			1,788			26			1,861			27			1,903			26			1,955			27
Apartments		700			11			725			11			776			11			812			11			819			11
Mixed use/other		411			6			435			7			437			6			540			8			543			7

Subtotal		6,654			100	%		6,772			100	%		6,986			100	%		7,273			100	%		7,382			100	%

Allowance for losses		(58	)					(59	)					(62	)					(70	)					(52	)
Unamortized fees and costs		4						5						5						5						6

Total	$	6,600					$	6,718					$	6,929					$	7,208					$	7,336

Allowance for Losses on Commercial Mortgage Loans

Beginning balance	$	59					$	62					$	70					$	52					$	48
Provision		—						7						5						18						4
Release		(1	)					(10	)					(13	)					—						—

Ending balance	$	58					$	59					$	62					$	70					$	52

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Commercial Mortgage Loans Summary

(amounts in millions)


	March 31, 2011						December 31, 2010						September 30, 2010					June 30, 2010						March 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	$	2,851			43	%	$	2,881			43	%	$	2,928		42	%	$	2,998			41	%	$	3,069		41	%
$5 million but less than $10 million		1,546			23			1,576			23			1,623		23			1,679			23			1,670		23
$10 million but less than $20 million		1,215			18			1,234			18			1,316		19			1,339			19			1,378		19
$20 million but less than $30 million		296			5			299			4			300		4			309			4			311		4
$30 million and over		747			11			786			12			819		12			952			13			954		13

Subtotal		6,655			100	%		6,776			100	%		6,986		100	%		7,277			100	%		7,382		100	%

Net premium/discount		(1	)					(4	)					—					(4	)					—

Total	$	6,654					$	6,772					$	6,986				$	7,273					$	7,382

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

(loan amounts in millions)


Loan Year	Total Loan Balance		Delinquent Loan Balance		Number of Loans		Number of Delinquent Loans		Average Balance Per Loan		Average Balance Per Delinquent Loan		Average Loan-To-Value ⁽¹⁾
2004 and prior	$	2,103	$	35		886		8	$	2	$	4		50	%
2005		1,440		3		310		1	$	5	$	3		64	%
2006		1,397		—		281		—	$	5	$	—		72	%
2007		1,293		—		191		—	$	7	$	—		77	%
2008		281		11		58		2	$	5	$	5		77	%
2009		—		—		—		—	$	—	$	—		—	%
2010		103		—		17		—	$	6	$	—		64	%
2011		38		—		9		—	$	4	$	—		70	%

Total	$	6,655	$	49		1,752		11	$	4	$	4		65	%

⁽¹⁾	Represents loan-to-value as of March 31, 2011.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

General Account GAAP Net Investment Income Yields

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
GAAP Net Investment Income
Fixed maturity securities—taxable	$	670		$	689		$	658		$	646		$	626		$	2,619
Fixed maturity securities—non-taxable		11			13			14			16			16			59
Commercial mortgage loans		92			93			95			99			104			391
Restricted commercial mortgage loans related to securitization entities		10			9			10			10			10			39
Equity securities		3			3			4			5			2			14
Other invested assets		30			32			23			29			32			116
Limited partnerships		4			11			1			10			(34	)		(12	)
Restricted other invested assets related to securitization entities		—			—			1			—			1			2
Policy loans		29			29			28			28			27			112
Cash, cash equivalents and short-term investments		6			6			6			4			5			21

Gross investment income before expenses and fees		855			885			840			847			789			3,361
Expenses and fees		(25	)		(22	)		(25	)		(24	)		(24	)		(95	)

Net investment income	$	830		$	863		$	815		$	823		$	765		$	3,266

Annualized Yields
Fixed maturity securities—taxable		5.0	%		5.2	%		5.0	%		5.0	%		4.9	%		5.0	%
Fixed maturity securities—non-taxable		4.2	%		4.2	%		4.3	%		4.3	%		4.3	%		4.3	%
Commercial mortgage loans		5.5	%		5.5	%		5.4	%		5.5	%		5.8	%		5.6	%
Restricted commercial mortgage loans related to securitization entities		7.6	%		7.3	%		7.6	%		7.3	%		7.3	%		7.4	%
Equity securities		3.2	%		4.0	%		6.8	%		11.8	%		6.6	%		6.7	%
Other invested assets		11.7	%		12.1	%		13.3	%		17.3	%		15.0	%		14.0	%
Limited partnerships⁽¹⁾		5.1	%		12.3	%		1.0	%		10.6	%		-34.0	%		-3.4	%
Restricted other invested assets related to securitization entities		0.3	%		0.3	%		0.3	%		0.3	%		1.0	%		0.5	%
Policy loans		8.0	%		8.0	%		7.6	%		7.7	%		7.7	%		7.8	%
Cash, cash equivalents and short-term investments		0.7	%		0.7	%		0.5	%		0.3	%		0.4	%		0.5	%

Gross investment income before expenses and fees		5.0	%		5.1	%		4.8	%		4.9	%		4.6	%		4.9	%
Expenses and fees		-0.2	%		-0.1	%		-0.1	%		-0.1	%		-0.2	%		-0.1	%

Net investment income		4.8	%		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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

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

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total

Net realized gains (losses) on available-for-sale securities:
Fixed maturity securities:
U.S. corporate	$	(3	)	$	(1	)	$	3		$	4		$	(6	)	$	—
U.S. government, agencies and government-sponsored enterprises		3			—			1			—			(4	)		(3	)
Foreign corporate		(1	)		2			3			16			2			23
Foreign government		—			(3	)		3			—			(2	)		(2	)
Tax-exempt		—			2			(2	)		(3	)		4			1
Mortgage-backed securities		(2	)		(1	)		(7	)		(5	)		(3	)		(16	)
Asset-backed securities		—			(6	)		(1	)		—			(1	)		(8	)
Equity securities		2			7			—			1			—			8
Foreign exchange		—			—			1			(1	)		—			—

Total net realized gains (losses) on available-for-sale securities		(1	)		—			1			12			(10	)		3

Impairments:
Sub-prime residential mortgage-backed securities		(6	)		(5	)		(3	)		(1	)		(16	)		(25	)
Alt-A residential mortgage-backed securities:		(4	)		(4	)		(9	)		(13	)		(8	)		(34	)

Total sub-prime and Alt-A residential mortgage-backed securities		(10	)		(9	)		(12	)		(14	)		(24	)		(59	)

Prime residential mortgage-backed securities		(3	)		(2	)		(4	)		(3	)		(6	)		(15	)
Other asset-backed securities		—			—			—			(9	)		(10	)		(19	)
Commercial mortgage-backed securities		—			(1	)		(2	)		(1	)		(1	)		(5	)
Corporate fixed maturity securities		(9	)		(10	)		(6	)		—			(3	)		(19	)
Financial hybrid securities		—			—			—			—			(4	)		(4	)
Limited partnerships		—			—			—			(2	)		(4	)		(6	)
Commercial mortgage loans		(1	)		(2	)		(1	)		(3	)		—			(6	)

Total impairments		(23	)		(24	)		(25	)		(32	)		(52	)		(133	)

Net unrealized gains (losses) on trading securities		7			(4	)		14			(2	)		4			12
Derivative instruments		(6	)		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		(1	)		1			(4	)		(13	)		(3	)		(19	)
Net gains (losses) related to securitization entities		6			2			20			(31	)		7			(2	)
Other		—			—			—			—			11			11

Net investment gains (losses), net of taxes		(18	)		(25	)		67			(89	)		(46	)		(93	)
Adjustment for DAC and other intangible amortization and certain benefit reserves, net of taxes		3			(1	)		(12	)		13			5			5
Adjustment for net investment (gains) losses attributable to noncontrolling interests, net of taxes		(1	)		—			(1	)		—			(1	)		(2	)

Net investment gains (losses), net of taxes and other adjustments	$	(16	)	$	(26	)	$	54		$	(76	)	$	(42	)	$	(90	)

Reconciliations of Non-GAAP Measures

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Reconciliation of Operating ROE

(amounts in millions)


Twelve Month Rolling Average ROE	Twelve months ended
	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended⁽¹⁾	$	46		$	142		$	343		$	279		$	187
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	12,498		$	12,494		$	12,499		$	12,363		$	12,149
GAAP Basis ROE⁽¹⁾ divided by⁽²⁾		0.4	%		1.1	%		2.7	%		2.3	%		1.5	%

Operating ROE
Net operating income (loss) for the twelve months ended⁽¹⁾	$	110		$	126		$	355		$	407		$	298
Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	12,498		$	12,494		$	12,499		$	12,363		$	12,149
Operating ROE⁽¹⁾divided by⁽²⁾		0.9	%		1.0	%		2.8	%		3.3	%		2.5	%

Quarterly Average ROE	Three months ended
	March 31, 2011			December 31, 2010			September 30, 2010			June 30, 2010			March 31, 2010
GAAP Basis ROE
Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended⁽³⁾	$	82		$	(161	)	$	83		$	42		$	178
Average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	12,413		$	12,444		$	12,559		$	12,572		$	12,492
Annualized GAAP Quarterly Basis ROE⁽³⁾ divided by⁽⁴⁾		2.6	%		-5.2	%		2.6	%		1.3	%		5.7	%

Operating ROE
Net operating income for the period ended⁽³⁾	$	98		$	(135	)	$	29		$	118		$	114
Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	12,413		$	12,444		$	12,559		$	12,572		$	12,492
Annualized Operating Quarterly Basis ROE⁽³⁾ divided by⁽⁴⁾		3.2	%		-4.3	%		0.9	%		3.8	%		3.7	%

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 from page 10 herein.

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

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Reconciliation of Expense Ratio

(amounts in millions)


	2011			2010
GAAP Basis Expense Ratio	1Q			4Q			3Q			2Q			1Q			Total
Acquisition and operating expenses, net of deferrals⁽¹⁾	$	500		$	519		$	472		$	499		$	475		$	1,965
Total revenues⁽²⁾	$	2,568		$	2,591		$	2,667		$	2,410		$	2,421		$	10,089

Expense ratio⁽¹⁾divided by⁽²⁾		19.5	%		20.0	%		17.7	%		20.7	%		19.6	%		19.5	%

GAAP Basis, As Adjusted—Expense Ratio
Acquisition and operating expenses, net of deferrals	$	500		$	519		$	472		$	499		$	475		$	1,965
Less wealth management business		92			76			73			72			66			287
Less lifestyle protection insurance business		148			143			139			157			154			593

Adjusted acquisition and operating expenses, net of deferrals⁽³⁾	$	260		$	300		$	260		$	270		$	255		$	1,085

Total revenues	$	2,568		$	2,591		$	2,667		$	2,410		$	2,421		$	10,089
Less wealth management business		110			93			89			89			81			352
Less lifestyle protection insurance business		270			259			258			284			311			1,112
Less net investment gains (losses)		(30	)		(38	)		103			(141	)		(72	)		(148	)

Adjusted total revenues⁽⁴⁾	$	2,218		$	2,277		$	2,217		$	2,178		$	2,101		$	8,773

Adjusted expense ratio⁽³⁾ divided by⁽⁴⁾		11.7	%		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 wealth management and lifestyle protection insurance businesses. The wealth management and lifestyle protection insurance businesses are excluded from this ratio as their expense bases are comprised of varying levels of non-deferrable acquisition costs. Management believes that the expense ratio analysis enhances understanding of the productivity of the company. However, the expense ratio as defined by the company should not be viewed as a substitute for GAAP acquisition and operating expenses, net of deferrals, divided by total revenues.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Reconciliation of Core Premiums

(amounts in millions)


	2011			2010
	1Q			4Q			3Q			2Q			1Q			Total
Reported premiums	$	1,437		$	1,467		$	1,447		$	1,470		$	1,470		$	5,854
Less retirement income—spread-based premiums		20			45			42			32			36			155
Less impact of changes in foreign exchange rates		10			(7	)		(11	)		25			68			75

Core premiums	$	1,407		$	1,429		$	1,416		$	1,413		$	1,366		$	5,624

Reported premium percentage change from prior year		-2.0	%		-3.7	%		-3.0	%		-2.1	%		-2.1	%		-2.7	%
Core premium percentage change from prior year		-1.5	%		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 retirement income—spread-based business and the impact of changes in foreign exchange rates. The retirement income—spread-based premiums are excluded in this measure primarily because these are single premiums and are not an indication of future premiums. The impact of changes in foreign exchange rates are excluded in this measure to present periods on a comparable exchange rate. Management believes that analysis of core premiums enhances understanding of premium growth of the company. However, core premiums as defined by the company should not be viewed as a substitute for GAAP earned premiums.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST QUARTER 2011

Reconciliation of Core Yield


		2011			2010
	(Assets—amounts in billions)	1Q			4Q			3Q			2Q			1Q			Total
	Reported—Total Invested Assets and Cash	$	71.8		$	71.6		$	74.8		$	71.8		$	69.3		$	71.6
	Subtract:
	Securities lending		0.8			0.8			0.7			0.7			0.6			0.8
	Unrealized gains (losses)		1.2			1.3			3.8			1.7			(0.9	)		1.3
	Derivative counterparty collateral		0.7			0.8			1.6			1.1			0.6			0.8

	Adjusted end of period invested assets	$	69.1		$	68.7		$	68.7		$	68.3		$	69.0		$	68.7

(A)	Average Invested Assets Used in Reported Yield Calculation	$	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		0.5			0.5			0.5			0.5			0.6			0.6

(B)	Average Invested Assets Used in Core Yield Calculation		68.4			68.2			68.1			68.2			68.3			68.0
	Subtract:
	Portfolios supporting floating products and non-recourse funding obligations⁽¹⁾		8.6			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	$	59.8		$	59.1		$	58.7		$	58.9		$	59.0		$	58.8


	(Income—amounts in millions)

(D)	Reported—Net Investment Income	$	830		$	863		$	815		$	823		$	765		$	3,266
	Subtract:
	Bond calls and commercial mortgage loan prepayments		8			13			8			—			7			28
	Reinsurance⁽²⁾		32			20			14			21			29			84
	Other non-core items⁽³⁾		2			31			6			7			—			44
	Restricted commercial mortgage loans and other invested assets related to securitization entities		7			7			7			7			8			29

(E)	Core Net Investment Income		781			792			780			788			721			3,081
	Subtract:
	Investment income from portfolios supporting floating products and non-recourse funding obligations⁽¹⁾		34			33			34			28			2			97

(F)	Core Net Investment Income (excl. Floating and Non-Recourse Funding)	$	747		$	759		$	746		$	760		$	719		$	2,984

(D)/(A)	Reported Yield		4.82	%		5.02	%		4.75	%		4.79	%		4.44	%		4.76	%
(E)/(B)	Core Yield		4.57	%		4.65	%		4.58	%		4.62	%		4.22	%		4.52	%
(F)/(C)	Core Yield (excl. Floating and Non-Recourse Funding)		5.00	%		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.

Corporate Information

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST 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	A-1	P-1	Not rated	Not rated
(short-term rating)
Genworth Life and Annuity Insurance Company	A	A2	A	A-
Genworth Life and Annuity Insurance Company	A -1	P-1	Not rated	Not rated
(short-term rating)
Genworth Life Insurance Company of New York	A	A2	A	A-
Continental Life Insurance Company of Brentwood, Tennessee	Not rated	Not rated	A-	A-
American Continental Insurance Company	Not rated	Not rated	A-	Not rated

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	BB+	Baa2
Genworth Residential Mortgage Insurance Corporation of NC	BB+	Baa2
Genworth Financial Mortgage Insurance Pty. Limited (Australia)	AA-	A1
Genworth Financial Mortgage Insurance Limited (Europe)	BBB	Baa3
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

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-

⁽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.

GENWORTH FINANCIAL, INC.

FINANCIAL SUPPLEMENT

FIRST 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 “A” (Strong), “BBB” (Good) or “BB” (Marginal) have strong, good, or marginal financial security characteristics, respectively. The “AA,” “A”, “BBB” and “BB” ranges are the second-, third-, fourth- and fifth-highest of nine financial strength rating ranges assigned by S&P, which range from “AAA” to “R.” A plus (+) or minus (-) shows relative standing 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 “BB+” ratings are the fourth-, sixth-, seventh-, ninth- and eleventh-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 that insurance companies rated “Baa” (Adequate) offer adequate financial security. The “A” (Good) and “Baa” (Adequate) ranges are the third- and fourth-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,” “Baa2” and “Baa3” ratings are the fifth-, sixth-, ninth-and tenth-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) and “A-” (Excellent) ratings are assigned to those companies that have, in its opinion, an excellent ability to meet their ongoing insurance obligations. The “A” (Excellent) and “A-” (Excellent) ratings are the third- and fourth-highest, respectively, 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:

Alicia Charity, 804-662-2248

Alicia.Charity@genworth.com

Diana Hickert-Hill, 804-662-2643

Diana.Hickert-Hill@genworth.com

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