Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |---------------------------------------------------------------------------------------|--------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - Genworth reported adjusted operating income of $123 million for Q3 2019, driven by strong performance in the U.S. mortgage insurance business [6][20] - Net income to Genworth shareholders was $18 million, with income from continuing operations at $128 million [20] - The loss from discontinued operations attributable to Genworth shareholders was $110 million, reflecting the planned sale of Genworth Canada [19] Business Line Data and Key Metrics Changes - U.S. mortgage insurance (USMI) adjusted operating income was $137 million, down $10 million sequentially but up $19 million year-over-year [21] - The reported loss ratio for USMI was 11%, up 11 points from the prior quarter [21] - In Australia, flow new insurance written (NIW) increased by 27% sequentially and 32% year-over-year, with adjusted operating income at $12 million [23] Market Data and Key Metrics Changes - Primary insurance in-force in USMI reached an all-time high of $186 billion, up 14% year-over-year [21] - The U.S. mortgage origination market remained strong, with flow NIW for the quarter at $18.9 billion, up 20% sequentially and 83% year-over-year [21] - Australia's loss ratio was reported at 36%, up 2 points from the prior quarter [23] Company Strategy and Development Direction - The company is focused on closing the transaction with Oceanwide and has agreed to sell its 57% stake in Genworth Canada to Brookfield for approximately USD 1.8 billion [9][10] - Genworth's long-term care insurance multiyear rate action plan continues to be a strategic focus, with $594 million of impacted in-force premiums and a weighted average premium increase of 43% [8] - The company aims to improve the health of the long-term care insurance industry through actuarially justified premium rate increases [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying strength and capital levels across mortgage insurance businesses, while also acknowledging challenges in the long-term care segment [6][17] - The company is optimistic about the completion of the Oceanwide transaction and the expected capital investment plan of $1.5 billion post-closing [16][17] - Management noted that the low interest rate environment poses challenges but also opportunities for the mortgage insurance business [39][40] Other Important Information - The planned sale of Genworth Canada has been reported as discontinued operations, affecting the financial position and results [18] - The company is in discussions with regulators regarding the reapproval of the Oceanwide transaction, with a focus on ensuring data protection during the transition period [12][14] - Genworth's capital positions remain strong, with U.S. mortgage insurance maintaining a PMIER sufficiency ratio of 129% [33] Q&A Session Summary Question: Does the reapproval process include CFIUS? - Management confirmed that no further approval from CFIUS is needed as they are satisfied with the mitigation plan [44] Question: Can you provide more detail on the Choice 2 claims data? - Management indicated that while claims are trending higher than expected, they anticipate offsetting this with future premium rate increases [46] Question: How are conversations with Canadian regulators different now? - Management noted that discussions are more constructive and detailed now that Brookfield is the acquirer [51] Question: How much of the improved margins in long-term care is due to price hikes? - Management emphasized that substantial premium increases since 2012 are contributing significantly to improved margins [55] Question: Is the increased severity in long-term care claims due to longer durations or larger amounts? - Management clarified that the increased severity is primarily due to model adjustments rather than an acceleration of claim severity [62]

Financial Performance - Genworth's net income was $168 million, or $0.33 per diluted share, and adjusted operating income was $204 million, or $0.40 per diluted share[5] - U S Mortgage Insurance (MI) adjusted operating income reached $147 million with $15 8 billion in new insurance written (NIW)[5] - U S MI's PMIERs sufficiency ratio stood at 123%, exceeding the revised standards effective March 31, 2019, by over $650 million[5] - The holding company's cash and liquid assets amounted to $403 million[5] Mortgage Insurance - U S MI saw a rise in flow NIW, up 77% sequentially due to seasonality and 11% year-over-year, excluding foreign exchange impacts[15] - Canada MI's flow NIW increased 77% sequentially and 11% year-over-year, excluding foreign exchange impacts[15] - Australia MI reported flow NIW of $3 7 billion and bulk NIW of $1 2 billion in 2Q19[17] U S Life Insurance - U S Life Insurance reported adjusted operating income of $66 million, driven by LTC and life insurance[8] - Long Term Care Insurance (LTC) benefited from in-force rate actions and favorable benefit utilization, contributing $37 million to adjusted operating income[24] - Life Insurance saw a net favorable reinsurance correction of $17 million in 2Q19[24] Long Term Care Insurance Rate Actions - Implemented in-force premium rate actions from 2012 through 2Q19 are estimated to provide a $152 million pre-tax benefit in 2Q19[26] - Estimated adjusted operating income from rate actions was $228 million in 2Q19[34]

Table of Contents Securities registered pursuant to Section 12(b) of the Act: Title of Each ClassTrading SymbolName of each exchange on which registered Class A Common Stock, par value $.001 per share GNW New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

Financial Data and Key Metrics Changes - Genworth reported adjusted operating income of $204 million or $0.40 per diluted share for Q2 2019, with net income of $168 million [7][18] - U.S. Mortgage Insurance (MI) achieved adjusted operating income of $147 million, a 7% increase year-over-year, driven by strong new insurance written and persistency [7][19] - The overall loss ratio for U.S. MI was zero, down eight points from the prior quarter and up eight points from the prior year [19] Business Line Data and Key Metrics Changes - U.S. MI reported flow new insurance written (NIW) of $15.8 billion, a 65% sequential increase and a 39% year-over-year increase [20] - Canadian MI adjusted operating income declined 7% year-over-year to $41 million, with flow NIW increasing 11% year-over-year [8][22] - Australian MI adjusted operating income decreased to $13 million, primarily due to lower cancellation activity [8] Market Data and Key Metrics Changes - The U.S. mortgage origination market remained strong, with increased purchase and refinance originations due to low interest rates [20] - Canada's first half loss ratio was 15%, with expectations for the full year to remain in the 15% to 25% range [22] - Australia's flow new business levels increased 12% sequentially and 8% year-over-year, driven by higher market penetration [23] Company Strategy and Development Direction - Execution of a multi-year rate action plan remains a high strategic priority, with 56 state approvals impacting $467 million of in-force premiums [9] - The company is exploring disposition options for Genworth Canada to facilitate the Oceanwide transaction, which includes potential private sales [10][12] - Genworth aims to improve financial flexibility and reduce outstanding indebtedness through the sale of Genworth Canada [15] Management's Comments on Operating Environment and Future Outlook - Management highlighted a solid macroeconomic environment with steady growth, low unemployment, and stable housing trends [19] - The company remains committed to executing its strategy and improving value while navigating the Oceanwide transaction [17] - Management expressed confidence in the ongoing discussions with regulators and the potential for timely approvals [49] Other Important Information - The company has received expressions of interest for a privately negotiated sale of Genworth Canada and is conducting due diligence on potential buyers [13] - The PMIER sufficiency ratio for U.S. MI remains strong at 123%, with over $650 million in capital above required levels [32] - The holding company ended the quarter with over $400 million in cash and liquid assets, with ongoing evaluations for potential dividends [38] Q&A Session Summary Question: Changes in long-term care reviews - Management indicated that they are early in the review process and trends are holding well, but interest rates have changed [46][47] Question: Deal approval process with Oceanwide - Management confirmed that U.S. regulators will need to evaluate any definitive agreement regarding the sale of the Canadian business [49] Question: Formal review process for U.S. regulators - Management stated that it depends on the regulators' judgment whether it requires a full review or can be considered an amendment [52] Question: CFIUS review for the Canadian sale - Management noted that CFIUS is focused on national security and does not expect significant issues with the Canadian sale [53] Question: Capital received from the Canadian sale - Management explained that the capital received would create excess capital for U.S. MI, and they are evaluating dividends independently [55]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |--------------------------------------------------------------------------------|---------------------------------------------| | Com ...

Financial Data and Key Metrics Changes - In Q1 2019, Genworth reported adjusted operating income of $121 million, or $0.24 per diluted share, compared to $125 million, or $0.25 per diluted share in the prior-year period [6][7] - Net income for the quarter was $174 million, reflecting strong performance in mortgage insurance businesses [15] Business Line Data and Key Metrics Changes - U.S. Mortgage Insurance (MI) adjusted operating income increased 12% year-over-year to $124 million, driven by strong premium growth and favorable loss performance [7][16] - Canadian MI adjusted operating income declined 10% year-over-year to $41 million due to lower earned premiums and increased expenses [8] - Australian MI adjusted operating income decreased 26% year-over-year to $14 million, primarily due to lower premiums from portfolio seasoning [8] - The Life Insurance segment recorded an operating loss of $5 million, flat with Q1 2018, impacted by higher long-term care (LTC) claims severity and frequency [8][20] Market Data and Key Metrics Changes - U.S. MI generated $9.6 billion in new insurance written (NIW), up 3% sequentially and 7% year-over-year [16][17] - In Canada, flow NIW decreased 33% sequentially and 8% year-over-year due to ongoing affordability pressures [18] - In Australia, flow new business levels were down 15% versus the prior quarter but up 9% versus the prior year [19] Company Strategy and Development Direction - Genworth's strategic priorities include growing earnings and building capital in mortgage businesses and strengthening the U.S. Life business through LTC rate action plans [14][36] - The company is focused on achieving actuarially justified premium rate increases and benefit reductions through its LTC rate action plan [9][21] Management's Comments on Operating Environment and Future Outlook - Management noted a solid macroeconomic environment with steady growth, low unemployment, and stable housing trends supporting mortgage insurance performance [15][16] - The company is actively engaged with regulators regarding the Oceanwide transaction, which has faced delays but remains a priority for completion [10][12][60] Other Important Information - Genworth and Oceanwide extended the merger agreement from April 30, 2019, to June 30, 2019, to allow additional time for Canadian regulatory review [11][14] - The company received 24 state approvals for LTC premium increases impacting $241 million of in-force premiums, with an average annual increase of 62% [9] Q&A Session Summary Question: Can you talk about the Canadian review timeline and any recent contact? - Management indicated that significant discussions began in January 2019, with the last meeting in early February, but no timeframe for completion was provided [40] Question: Are there any requirements regarding China Oceanwide's financial conditions? - No specific requirements were mentioned, and regulators will continue to review new information until the deal closes [42][43] Question: Is there a possibility of needing to re-seek approvals if delays continue? - Management expressed confidence that existing approvals would remain valid and supportive, focusing on completing the Canadian review [58][60] Question: Can you provide insight on Oceanwide's financing for the transaction? - Management confirmed that Oceanwide has significant excess cash and capital, both within China and outside, to fund the transaction [62]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-32195 GENWORTH FINANCIAL, INC. | --- | --- | --- | |---------------------------------------------------------------------------------------|---- ...