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Genworth (NYSE: GNW) posts Q1 2026 profit, Enact strength and $66M buybacks

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(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Genworth Financial reported first quarter 2026 net income of $47M, or $0.12 per diluted share, on total revenues of $1.78B. The company’s new primary performance measure, adjusted operating income excluding Closed Block, was $109M, or $0.28 per diluted share.

The Enact mortgage insurance segment generated adjusted operating income of $140M, with primary new insurance written of $12.8B and a loss ratio of 15%. Enact’s PMIERs sufficiency ratio was 162%, or $1.9B above requirements, and it increased its quarterly dividend to $0.24 per share.

The Closed Block long-term care and life businesses posted an adjusted operating loss of $32M, including a $36M pre-tax actual-versus-expected loss and GLIC consolidated RBC ratio of 289%. Holding-company cash and liquid assets were $166M, and Genworth repurchased $66M of shares in the quarter, bringing total buybacks since program inception to $856M.

Positive

  • None.

Negative

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Insights

Solid Enact performance offsets ongoing Closed Block drag while buybacks continue.

Genworth produced Q1 2026 net income of $47M and adjusted operating income excluding Closed Block of $109M. The Enact segment contributed $140M of adjusted operating income, supported by $12.8B of new insurance written and a 15% loss ratio, while maintaining a PMIERs sufficiency ratio of 162% or $1.9B above requirements.

The legacy Closed Block segment remained a headwind, with adjusted operating loss of $32M and a GLIC consolidated RBC ratio of 289%, down from prior periods due to a statutory pre-tax loss of $77M. Long-term care results reflected a $36M pre-tax actual-versus-expected loss and growing claims as the block ages, partly offset by $65M of net insurance recoveries.

At the holding company, cash and liquid assets of $166M incorporated $99M of Enact capital returns and $66M of share repurchases at an average price of $8.61. Continued buybacks and Enact dividends support equity returns, while future disclosures will show how liability experience and rate actions influence Closed Block capital and RBC metrics over subsequent quarters.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Total revenue $1,777M Consolidated revenues for Q1 2026
Net income $47M Available to common stockholders, Q1 2026
Diluted EPS $0.12 Net income per diluted share, Q1 2026
Adjusted operating income ex Closed Block $109M New consolidated performance measure, Q1 2026
Enact adjusted operating income $140M Enact segment, Q1 2026
PMIERs sufficiency ratio 162% Enact capital metric, Q1 2026 estimate
GLIC consolidated RBC ratio 289% Legacy insurance companies, Q1 2026 estimate
Holding company cash and liquid assets $166M Genworth holding company at March 31, 2026
Q1 2026 share repurchases $66M Repurchased at $8.61 average price
Adjusted operating income (loss), excluding Closed Block financial
"In the first quarter of 2026, the company began reporting adjusted operating income (loss), excluding Closed Block as its new consolidated operating performance measure."
PMIERs sufficiency ratio regulatory
"PMIERs sufficiency ratio 7,8 | | 162 | % | | 162 | % | | 165 | %"
RBC ratio regulatory
"GLIC consolidated RBC ratio 8,10 | | 289 | % | | 300 | % | | 304 | %"
A Risk-Based Capital (RBC) ratio compares an insurance company's available capital to the minimum capital regulators say is needed given the company’s size and risk profile. Think of it as the size of a safety cushion relative to how risky the company’s activities are: a higher ratio means more cushion and lower chance of regulatory intervention or financial distress, while a lower ratio signals vulnerability that can affect credit, stock value, and investor confidence.
Market risk benefits financial
"changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges"
Market risk benefits are the extra returns or advantages investors expect or receive for taking on broad, system‑wide swings in the overall market — essentially the premium for bearing risk that cannot be eliminated by diversification. This matters because it helps investors weigh whether the potential higher gains justify larger price swings, guides how portfolios are balanced, and sets expectations for compensation when choosing riskier market exposures; think of it as the extra pay you demand for riding a roller‑coaster instead of a calm bus ride.
In-force rate actions financial
"multi-year in-force rate action plan and other reduced benefit options associated with the long-term care insurance products"
CareScout Services revenues financial
"CareScout Services revenues, which are included in Corporate and Other, primarily consist of fees from the CareScout Quality Network and placement fees"
Total revenue $1,777M
Net income $47M
Diluted EPS $0.12
Adjusted operating income excluding Closed Block $109M
Enact adjusted operating income $140M
Primary NIW $12,786M +30% YoY
False000127652000012765202026-05-052026-05-05

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________________________
FORM 8-K
___________________________________________________________
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
May 5, 2026
Date of Report
(Date of earliest event reported)
___________________________________________________________
Image_1.jpg
GENWORTH FINANCIAL, INC.
(Exact name of registrant as specified in its charter)
___________________________________________________________
Delaware
001-32195
80-0873306
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
11011 West Broad Street, Glen Allen, Virginia
23060
(Address of principal executive offices)(Zip Code)
(804) 281-6000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
___________________________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading
Symbol
Name of each exchange
on which registered
Common Stock, par value $.001 per shareGNWNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o



Item 2.02Results of Operations and Financial Condition.
On May 5, 2026, Genworth Financial, Inc. (the “Company”) issued (1) a press release announcing its financial results for the quarter ended March 31, 2026, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, and (2) a financial supplement for the quarter ended March 31, 2026, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
The information contained in this Current Report on Form 8-K (including the exhibits) is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the company under the Securities Act of 1933, as amended or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The information contained in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
Item 9.01Financial Statements and Exhibits.
The following materials are furnished as exhibits to this Current Report on Form 8-K:
Exhibit
Number
Description of Exhibit
99.1
Press Release dated May 5, 2026
99.2
Financial Supplement for the quarter ended March 31, 2026
104Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document)



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GENWORTH FINANCIAL, INC.
Date: May 5, 2026
By:/s/ Darren W. Woodell
Darren W. Woodell
Vice President and Controller
(Principal Accounting Officer)

Exhibit 99.1
pressreleaseimage1.jpg
Genworth Financial Announces First Quarter 2026 Results
Strategic Highlights
Strong capital returns from Enact, with $99M received in the quarter
Repurchased $66M of shares in the quarter; $856M since program inception as of March 31, 2026
CareScout delivered 1,486 matches1 in the quarter with 97% home care coverage of the aged 65-plus census population in the United States
Continued progress on the LTC2 MYRAP3 with approximately $34.5B estimated net present value achieved since 2012 from IFAs4
Financial Highlights
Net income5 of $47M, or $0.12 per diluted share, and adjusted operating income, excluding Closed Block5,6 of $109M, or $0.28 per diluted share
Enact reported adjusted operating income of $140M5 in the quarter; PMIERs sufficiency ratio7 remains strong at 162%8
Legacy insurance companies’9 RBC ratio10 of 289%8 driven by a statutory loss in the quarter
Genworth holding company cash and liquid assets of $166M11 at quarter-end
Richmond, VA (May 5, 2026) – Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended March 31, 2026.
picture1.jpg
“Genworth is off to a solid start in 2026, with first quarter results demonstrating disciplined execution across our businesses,” said Tom McInerney, President & CEO. “Enact’s strong cash generation supported capital returns to shareholders, while we continued to build the CareScout platform and enhanced the self-sustainability of the Closed Block. We remain well positioned to deliver long-term shareholder value and help families navigate the aging journey with confidence.”
Consolidated Metrics
(Amounts in millions, except per share data)
Q1 2026Q4 2025Q1 2025
Net income (loss)5
$47 $$54 
Net income (loss) per diluted share5
$0.12 $— $0.13 
Adjusted operating income (loss), excluding Closed Block5,6
$109 $122 $114 
Adjusted operating income (loss), excluding Closed Block per diluted share5,6
$0.28 $0.31 $0.27 
Weighted-average diluted shares12
393.7396.4422.9

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In the first quarter of 2026, the company began reporting adjusted operating income (loss), excluding Closed Block as its new consolidated operating performance measure. Management believes the new measure better aligns with the company’s strategy and capital allocation framework, managing the Closed Block on a standalone basis. While this is a non-GAAP financial measure, the company believes the new measure aids in understanding the company’s underlying operating performance.

Consolidated GAAP Financial Highlights
Net income was driven by Enact, which had strong operating performance
Net investment income, net of taxes, was $605 million in the quarter, down from $620 million in the prior quarter and up from $584 million in the prior year primarily from changes in limited partnership income
Net investment losses, net of taxes, decreased net income by $21 million in the quarter, compared with losses of $31 million in the prior quarter and net investment gains of $21 million in the prior year. The investment losses in the current quarter were driven primarily by net trading losses and mark-to-market adjustments on equity securities

Enact
Operating Metrics
(Dollar amounts in millions, except where indicated)
Q1 2026Q4 2025Q1 2025
Adjusted operating income (loss)5
$140 $146 $137 
Primary new insurance written$12,786 $14,386 $9,818 
Primary insurance in-force (amounts in billions)
$272.5 $273.1 $268.4 
Loss ratio15 %%12 %
Equity13
$4,328 $4,351 $4,159 
Results in the quarter included a pre-tax reserve release of $39 million reflecting favorable cure performance and loss mitigation activities. The prior quarter and prior year included pre-tax reserve releases of $60 million and $47 million, respectively
Pre-tax net investment income of $72 million was up from $63 million in the prior year from higher yields and higher invested assets
Primary new insurance written (NIW) was down 11% from the prior quarter from seasonality and up 30% from the prior year primarily from elevated refinance volume
Primary insurance in-force increased 2% versus the prior year, driven by NIW and continued elevated persistency
Capital MetricQ1 2026Q4 2025Q1 2025
PMIERs sufficiency ratio7,8
162%162%165%
Enact paid a quarterly dividend of $0.21 per share
Enact announced an increase to its quarterly dividend to $0.24 per share, payable in June 2026
Estimated PMIERs sufficiency ratio of 162%, $1,919 million above requirements

2


Corporate and Other
Operating Metric
(Amounts in millions)
Q1 2026Q4 2025Q1 2025
Adjusted operating income (loss)$(31)$(24)$(23)
Current quarter results were primarily driven by continued investment in CareScout to fund growth in the services business and debt service
Prior quarter results included a favorable impact from tax-related items

Closed Block
Operating Metric
(Amounts in millions)
Q1 2026Q4 2025Q1 2025
Adjusted operating income (loss)$(32)$(114)$(63)
Current quarter results were primarily driven by a $36 million pre-tax A/E14 loss15
Mortality increased sequentially with seasonal trends, but was lower than the prior year; LTC claims continued to grow as the block ages
Results included net insurance recoveries of $65 million pre-tax in LTC, with $42 million recorded as a reduction to expenses and $23 million reflected as a reduction to the A/E loss
Results in the prior quarter and prior year reflected pre-tax A/E losses of $133 million and $5 million, respectively

Statutory Results8,9 and RBC Ratio8,9
(Dollar amounts in millions)
Q1 2026Q4 2025Q1 2025
Statutory pre-tax income (loss)8,16
$(77)$$(1)
Long-term care insurance(40)(84)50 
Life insurance(57)60 (34)
Annuities20 27 (17)
GLIC consolidated RBC ratio8,10
289%300%304%
Statutory pre-tax loss was $77 million in the current quarter
LTC continued to benefit from IFAs. Claims continued to grow as the block ages. Current quarter results reflected a $50 million benefit from net insurance recoveries
Life insurance results included unfavorable reserve changes from aging of the block. The prior quarter included a net benefit from assumption updates of $51 million
Mortality in LTC and life insurance increased sequentially with seasonal trends, but was lower than the prior year
Annuities results reflected a $19 million favorable reserve release from a required regulatory update, partially offset by $13 million unfavorable net equity market and interest rate impacts compared to $22 million favorable in the prior quarter and $26 million unfavorable in the prior year
Current quarter estimated GLIC consolidated RBC ratio was 289%, down from the prior quarter driven by the statutory loss in the quarter
3


Holding Company Cash and Liquid Assets
(Amounts in millions)Q1 2026Q4 2025Q1 2025
Holding company cash and liquid assets11,17
$166 $234 $211 
Cash and liquid assets were $166 million at the end of the current quarter, which included approximately $50 million of cash held for future obligations, including advance cash payments from the company’s subsidiaries
Cash inflows during the current quarter included $99 million from Enact capital returns
Current quarter cash outflows included $89 million primarily related to annual employee benefit payments, which were advanced by the subsidiaries in 2025, $66 million in share repurchases, $7 million related to debt servicing costs and the repurchase of $5 million in principal of holding company debt

Capital Allocation and Shareholder Returns
Executed $66 million in share repurchases in the quarter at an average price of $8.61 per share
Executed $856 million in share repurchases since the program’s inception through March 31, 2026 at an average price of $6.35 per share

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About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a publicly traded holding company headquartered in Richmond, Virginia. Through its family of brands—including CareScout, Genworth, and Enact—Genworth uses its more than 150 years of experience to help families navigate the aging journey with clarity and confidence, offering guidance, products, and services that support caregiving decisions, long-term care planning, and the financial challenges of aging. Genworth is the majority owner of Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information, visit https://www.genworth.com.

Conference Call Information
Investors are encouraged to read this press release, summary presentation and financial supplement which are now posted on the company’s website, https://investor.genworth.com.
Genworth will conduct a conference call on May 6, 2026 at 9:00 a.m. (ET) to discuss its first quarter results, which will be accessible via:
Telephone: 800-330-6710 or 213-279-1505 (outside the U.S.); conference ID # 5100219; or
Webcast: https://investor.genworth.com/news-events/ir-calendar
Allow at least 15 minutes prior to the call time to register for the call. A replay of the webcast will be available on the company’s website for one year.
Prior to Genworth’s conference call, Enact will hold a conference call on May 6, 2026 at 8:00 a.m. (ET) to discuss its first quarter results, which will be accessible via:
Telephone: Click here to obtain a dial-in number and unique PIN for Enact’s live question and answer session; or
Webcast: https://ir.enactmi.com/news-and-events/events
Allow at least 15 minutes prior to the call time to register for the call.
Contact Information:
Investors:Christine Jewell
InvestorInfo@genworth.com
Media:
Evans Mandes
Evans.Mandes@genworth.com
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Use of Non-GAAP Measures
The company uses non-GAAP financial measures entitled “adjusted operating income (loss)” and “adjusted operating income (loss), excluding Closed Block.” These non-GAAP financial measures are evaluated by management and the company’s Board of Directors to assess performance, manage capital allocation, and in the case of adjusted operating income (loss), excluding Closed Block, as a basis for determining annual incentive awards and compensation for senior management. These measures have been established to more accurately reflect overall operating performance, as they minimize the impact of macroeconomic volatility. Management believes using adjusted operating income (loss), excluding Closed Block as a consolidated measure of profit or loss better aligns with the company’s strategy and capital allocation framework, as no capital is allocated to the Closed Block segment, which operates on a standalone basis, using existing capital and reserves, along with in-force management actions, to meet future obligations. The company also continues to report adjusted operating income (loss) for the Closed Block segment, as it believes it is the appropriate measure of profit or loss in accordance with segment reporting. Although adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block are non-GAAP financial measures, the company believes these measures aid in understanding the underlying performance of its operations.
The company defines adjusted operating income (loss) as income (loss) from continuing operations excluding:
the after-tax effects of income (loss) attributable to noncontrolling interests,
net investment gains (losses),
changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges,
gains (losses) on the sale of businesses,
gains (losses) on the early extinguishment of debt,
restructuring costs, and
infrequent or unusual non-operating items.
A component of the company’s net investment gains (losses) is the result of estimated future credit losses, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. The company excludes net investment gains (losses), changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, restructuring costs and infrequent or unusual non-operating items from adjusted operating income (loss) because, in the company’s opinion, they are not indicative of overall operating performance.
Adjustments to reconcile net income (loss) to adjusted operating income (loss) assume a 21% current tax rate, plus any associated deferred taxes, and are net of the portion attributable to noncontrolling interests. Changes in fair value of market risk benefits and associated hedges are adjusted to exclude changes in reserves, attributed fees and benefit payments.
Adjusted operating income (loss), excluding Closed Block, is derived from adjusted operating income (loss) and excludes adjusted operating income (loss) of the company’s Closed Block segment. While some of these items may be significant components of net income (loss) determined in accordance with GAAP, the company believes that adjusted operating income (loss), and measures that are derived from or incorporate adjusted operating income (loss), including adjusted operating income (loss), excluding Closed Block, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block are not measures of complete profitability; therefore, they should not be considered in isolation or viewed as substitutes for GAAP net income (loss). In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies. In reporting non-GAAP measures in the future, the company may make other adjustments to exclude items it does not consider reflective of its core operating performance. The company may also disclose other non-GAAP operating measures in the future if it believes that such measures would be helpful to investors in their evaluation of the company.
A table at the end of this press release provides a reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block for the three months ended March 31, 2026 and 2025, as well as the three months ended December 31, 2025.
Management also reports revenues of CareScout Services to monitor growth of the business. CareScout Services revenues, which are included in Corporate and Other, primarily consist of fees from the CareScout Quality Network and placement fees earned when placing a care seeker in a senior living community, along with service fees such as eligibility assessments and Care Plans. To arrive at CareScout Services revenues, Corporate and Other revenues are adjusted to exclude intercompany eliminations, revenues from other businesses not individually reportable, including the company’s CareScout insurance business (CareScout Insurance) and international
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businesses, and other sources of revenue such as corporate net investment income and net investment gains (losses). See the table at the end of this press release for a reconciliation of total Corporate and Other revenues to CareScout Services revenues.
Statutory Accounting Data
The company presents certain supplemental statutory data for GLIC and its consolidating life insurance subsidiaries that has been prepared on the basis of statutory accounting principles (SAP). GLIC and its consolidating life insurance subsidiaries file financial statements with state insurance regulatory authorities and the National Association of Insurance Commissioners that are prepared using SAP, an accounting basis either prescribed or permitted by such authorities. Due to differences in methodology between SAP and GAAP, the values for assets, liabilities and equity, and the recognition of income and expenses, reflected in financial statements prepared in accordance with GAAP are materially different from those reflected in financial statements prepared under SAP. This supplemental statutory data should not be viewed as an alternative to, or used in lieu of, GAAP.
This supplemental statutory data includes the company action level RBC ratio for GLIC and its consolidating life insurance subsidiaries as well as combined statutory pre-tax earnings from the principal legacy insurance companies, GLIC, GLAIC and GLICNY. Statutory pre-tax earnings represent the net gain from operations, including the impact from in-force rate actions, before dividends to policyholders, refunds to members and federal income taxes and before realized capital gains or (losses). The combined product level statutory pre-tax earnings are grouped on a consistent basis as those provided on page six of the statutory Annual Statements. Management uses and provides this supplemental statutory data because it believes it provides a useful measure of, among other things, statutory pre-tax earnings and the adequacy of capital. Management uses this data to measure against its policy to manage the legacy insurance companies with internally generated capital.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” “may” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Examples of forward-looking statements include statements the company makes relating to potential dividends or share repurchases; future return of capital by Enact Holdings, Inc. (Enact Holdings), including share repurchases, and quarterly and special dividends; the cumulative economic benefit of approved and future rate increases and benefit reductions included in the multi-year in-force rate action plan and other reduced benefit options associated with the long-term care insurance products in the company’s Closed Block segment; planned investments in and the company’s outlook for new lines of business or new insurance and other products and services, such as those it is pursuing with its CareScout business (CareScout), including through its CareScout services business (CareScout Services) and its CareScout insurance business (CareScout Insurance); the expected benefits and/or synergies of the Seniorly, Inc. (Seniorly) acquisition; future financial performance, including the expectation that quarterly adverse variances between actual and expected experience could persist resulting in future remeasurement losses in the company’s long-term care insurance products in its Closed Block segment; the resolution of the appeal or any potential litigation recovery amounts in connection with the AXA S.A. (AXA) and Santander Cards UK Limited (Santander) litigation, and Genworth’s planned use of proceeds from any recovery in connection with the litigation, including share repurchases, debt repurchases and investments in new businesses; future financial condition and liquidity of the company’s businesses; and statements the company makes regarding the outlook of the U.S. economy.
Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially from those in the forward-looking statements due to global political, economic, inflation, business, competitive, market, regulatory and other factors and risks, including but not limited to, the following:
the inability to successfully launch new lines of business, including long-term care insurance and other products and services the company is pursuing with CareScout;
the company’s failure to maintain the self-sustainability of GLIC and its subsidiaries, collectively referred to as “Closed Block” or its “legacy insurance subsidiaries”, including as a result of the inability to achieve desired levels of in-force management actions and/or the timing of future premium rate increases and associated benefit reductions taking longer to achieve than originally assumed; other regulatory actions negatively impacting the company’s life insurance businesses;
inaccuracies or changes in estimates, assumptions, methodologies, valuations, projections and/or models, which result in inadequate reserves or other adverse results (including as a result of any changes in connection with quarterly, annual or other reviews);
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the impact on holding company liquidity caused by an inability to receive dividends or any other returns of capital from Enact Holdings, and limited sources of capital and financing and the need to seek additional capital on unfavorable terms;
the impact on any potential recovery in the AXA and Santander litigation resulting from a successful appeal, significant delays or any other adverse development in the litigation;
adverse changes to the structure or requirements of Federal National Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac) or the U.S. mortgage insurance market; an increase in the number of loans insured through federal government mortgage insurance programs, including those offered by the Federal Housing Administration; the inability of Enact Holdings and/or its U.S. mortgage insurance subsidiaries to continue to meet the requirements mandated by PMIERs (or any adverse changes thereto), the inability to meet minimum statutory capital requirements of applicable regulators or the mortgage insurer eligibility requirements of Fannie Mae or Freddie Mac;
changes in economic, market and political conditions, labor shortages and fluctuating interest rates; unanticipated financial events, which could lead to market-wide liquidity problems and other significant market disruption resulting in losses, defaults or credit rating downgrades of other financial institutions; deterioration in economic conditions, a recession or a decline in home prices, all of which could be driven by many potential factors, including a U.S. federal government shutdown; an increase in the cost of care impacting the company’s long-term care insurance products included in its Closed Block segment; changes in international trade policy, including the potential impact of new or increased tariffs, retaliatory policies or actions from other countries, and trade wars or other events that lead to political and economic instability; changes in government or monetary policies; changes within regulatory agencies; changes in immigration policy; and fluctuations in international securities markets;
downgrades in financial strength and credit ratings and potential adverse impacts to liquidity; counterparty credit risks; defaults by counterparties to reinsurance arrangements or derivative instruments; defaults or other events impacting the value of invested assets, including private equity and private credit;
changes in tax rates or tax laws, or changes in accounting and reporting standards;
litigation and regulatory investigations or other actions, including commercial and contractual disputes with counterparties;
the inability to retain, attract and motivate qualified employees or senior management;
changes in the composition of Enact Holdings’ business or undue concentration by customer or geographic region;
the impact from deficiencies in the company’s disclosure controls and procedures or internal control over financial reporting;
the occurrence of natural or man-made disasters, including geopolitical tensions and war (including the Russian invasion of Ukraine, instability in the Middle East and economic competition between the United States and China, among others), a public health emergency, including pandemics, or climate change;
the inability to effectively manage technology systems (including artificial intelligence), cyber incidents or other failures, disruptions or security breaches of the company or its third-party vendors, as well as unknown risks and uncertainties associated with artificial intelligence;
the inability of third-party vendors to meet their obligations to the company;
the lack of availability, affordability or adequacy of reinsurance to protect the company against losses;
a decrease in the volume of high loan-to-value home mortgage originations or an increase in the volume of mortgage insurance cancellations;
unanticipated claims resulting from Enact Holdings’ delegated underwriting and loss mitigation programs;
the impact of medical advances such as genetic research and diagnostic imaging, emerging new technology, including artificial intelligence and related legislation; and
other factors described in the risk factors contained in Item 1A of the company’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission on February 27, 2026.
The company provides additional information regarding these risks and uncertainties in its Annual Report on Form 10-K. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Accordingly, for the foregoing reasons, the company cautions the reader against relying on any forward-looking statements. The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required under applicable securities laws.
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Condensed Consolidated Statements of Income (Loss)
(Amounts in millions, except per share amounts)
(Unaudited)
Three months ended March 31,Three months ended December 31, 2025
20262025
Revenues:
Premiums$881 $862 $886 
Net investment income766 739 785 
Net investment gains (losses)(26)27 (39)
Policy fees and other income156 158 152 
Total revenues1,777 1,786 1,784 
Benefits and expenses:
Benefits and other changes in policy reserves1,224 1,217 1,182 
Liability remeasurement (gains) losses44 143 
Changes in fair value of market risk benefits and associated hedges10 18 (4)
Interest credited95 99 97 
Acquisition and operating expenses, net of deferrals213 236 265 
Amortization of deferred acquisition costs and intangibles55 60 57 
Interest expense25 26 26 
Total benefits and expenses1,666 1,660 1,766 
Income (loss) from continuing operations before income taxes111 126 18 
Provision (benefit) for income taxes31 36 
Income (loss) from continuing operations80 90 14 
Income (loss) from discontinued operations, net of taxes(1)(5)21 
Net income (loss)79 85 35 
Less: net income (loss) attributable to noncontrolling interests32 31 33 
Net income (loss) available to Genworth Financial, Inc.’s common stockholders$47 $54 $
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share:
Basic$0.12 $0.14 $(0.05)
Diluted$0.12 $0.14 $(0.05)
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share:
Basic$0.12 $0.13 $— 
Diluted$0.12 $0.13 $— 
Weighted-average common shares outstanding:
Basic388.1418.3396.4
Diluted12
393.7422.9396.4
9


Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss) and Adjusted Operating Income (Loss), Excluding Closed Block
(Amounts in millions, except per share amounts)
(Unaudited)
Three months ended March 31,Three months ended December 31, 2025
20262025
Net income (loss) available to Genworth Financial, Inc.’s common stockholders$47 $54 $
Add: net income (loss) attributable to noncontrolling interests32 31 33 
Net income (loss)79 85 35 
Less: income (loss) from discontinued operations, net of taxes(1)(5)21 
Income (loss) from continuing operations80 90 14 
Less: net income (loss) from continuing operations attributable to noncontrolling interests32 31 33 
Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders48 59 (19)
Adjustments to income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders:
Net investment (gains) losses, net18
25 (28)38 
Changes in fair value of market risk benefits attributable to changes in interest rates, equity markets and associated hedges19
19 (6)
(Gains) losses on early extinguishment of debt— — (1)
Expenses related to restructuring(1)— 
Taxes on adjustments20
(7)(4)
Adjusted operating income (loss)77 51 
Less: Closed Block segment adjusted operating income (loss)(32)(63)(114)
Adjusted operating income (loss), excluding Closed Block$109 $114 $122 
Adjusted operating income (loss):
Enact segment$140 $137 $146 
Corporate and Other(31)(23)(24)
Closed Block segment(32)(63)(114)
Adjusted operating income (loss)$77 $51 $
Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share:
Basic$0.12 $0.13 $— 
Diluted$0.12 $0.13 $— 
Adjusted operating income (loss), excluding Closed Block per share:
Basic$0.28 $0.27 $0.31 
Diluted$0.28 $0.27 $0.31 
Weighted-average common shares outstanding:
Basic388.1418.3396.4
Diluted12
393.7422.9396.4

10


Reconciliation of Total Corporate and Other Revenues to CareScout Services Revenues
(Amounts in millions)
Three months ended March 31,Three months ended December 31, 2025
20262025
Total Corporate and Other revenues$15 $$
Less: intercompany eliminations(4)(4)(4)
Less: other revenues13 
CareScout Services revenues$$$
11


Footnote Definitions
1A match is identified when CareScout validates and approves a home care invoice that demonstrates a CareScout member has received services for the first time and the appropriate discount was applied, or receives notice of a move-in to a senior living community.
2Long-term care insurance.
3Multi-year rate action plan.
4In-force rate actions.
5All references reflect amounts available to Genworth’s common stockholders.
6This is a financial measure that is not calculated based on U.S. Generally Accepted Accounting Principles (GAAP). See the Use of Non-GAAP Measures section of this press release for additional information.
7The Private Mortgage Insurer Eligibility Requirements (PMIERs) sufficiency ratio is calculated as available assets divided by required assets as defined within PMIERs.
8Company estimate for the first quarter of 2026 due to timing of the preparation and filing of the statutory financial statement(s).
9Includes Genworth’s legacy insurance companies: Genworth Life Insurance Company (GLIC), Genworth Life and Annuity Insurance Company (GLAIC) and Genworth Life Insurance Company of New York (GLICNY).
10Risk-based capital ratio based on company action level for GLIC consolidated.
11Included approximately $50 million, $127 million and $98 million of cash held for future obligations, including advance cash payments from the company’s subsidiaries as of March 31, 2026, December 31, 2025 and March 31, 2025, respectively.
12Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations for the three months ended December 31, 2025, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three months ended December 31, 2025, as the inclusion of shares for performance stock units, restricted stock units and other equity-based awards of 6.0 million would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations for the three months ended December 31, 2025, dilutive potential weighted-average common shares outstanding would have been 402.4 million.
13Reflected Genworth’s ownership of equity including accumulated other comprehensive income (loss) and excluding noncontrolling interests of $1,026 million, $1,017 million and $971 million as of March 31, 2026, December 31, 2025 and March 31, 2025, respectively.
14Actual variances from expected experience.
15Included $23 million pre-tax net insurance recovery benefit in LTC.
16Net gain (loss) from operations before dividends to policyholders, refunds to members and federal income taxes for GLIC, GLAIC and GLICNY, and before realized capital gains or (losses).
17Holding company cash and liquid assets comprises assets held in Genworth Holdings, Inc. (the issuer of outstanding public debt) which is a wholly-owned subsidiary of Genworth Financial, Inc.
18Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests of $1 million for all periods.
19Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments of $(1) million and $1 million for the three months ended March 31, 2026 and 2025, respectively, and $(2) million for the three months ended December 31, 2025.
20Taxes on adjustments included tax expense of $3 million for the three months ended December 31, 2025 related to a release of a portion of the valuation allowance on certain deferred tax assets.

12
First Quarter Financial Supplement March 31, 2026 Exhibit 99.2


 

Table of Contents Page Investor Letter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Use of Non-GAAP Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Results of Operations and Selected Operating Performance Measures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Financial Highlights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Consolidated Quarterly Results Consolidated Net Income (Loss) by Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss) and Adjusted Operating Income (Loss), Excluding Closed Block . . . . . . . . . . . . . . . . . 9 Consolidated Balance Sheets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10-11 Consolidated Balance Sheets by Segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12-13 Quarterly Results by Business Adjusted Operating Income (Loss) and Selected Operating Metrics - Enact Segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15-16 Adjusted Operating Income (Loss) and Selected Operating Metrics - Closed Block Segment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18-23 Adjusted Operating Income (Loss) - Corporate and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Additional Financial Data Investments Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Fixed Maturity Securities Summary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 U.S. GAAP Net Investment Income Yields . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Net Investment Gains (Losses) - Detail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Reconciliations of Non-GAAP Measures Reconciliation of Operating Return On Equity (ROE) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Reconciliation of Consolidated Expense Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Note: Unless otherwise stated, all references in this financial supplement to income (loss) from continuing operations, income (loss) from continuing operations per share, net income (loss), net income (loss) per share, adjusted operating income (loss), adjusted operating income (loss), excluding Closed Block, adjusted operating income (loss), excluding Closed Block per share, book value and book value per share should be read as income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders, income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share, net income (loss) available to Genworth Financial, Inc.’s common stockholders, net income (loss) available to Genworth Financial, Inc.’s common stockholders per share, non-U.S. Generally Accepted Accounting Principles (U.S. GAAP) adjusted operating income (loss) available to Genworth Financial, Inc.’s common stockholders, non-U.S. GAAP (non-GAAP) adjusted operating income (loss), excluding Closed Block available to Genworth Financial, Inc.’s common stockholders, non-GAAP adjusted operating income (loss), excluding Closed Block 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 2026 2


 

Dear Investor, Thank you for your continued interest in Genworth Financial, Inc. Please see the accompanying press release and summary presentation posted to the company’s website at https://investor.genworth.com for additional information regarding its first quarter 2026 earnings results. In the first quarter of 2026, the company began reporting adjusted operating income (loss), excluding Closed Block as its new consolidated operating performance measure. Management believes the new measure better aligns with the company’s strategy and capital allocation framework, managing Closed Block on a standalone basis. While this is a non-GAAP financial measure, the company believes the new measure aids in understanding the company’s underlying operating performance. The company has also added revenues of its CareScout services business (CareScout Services) on page 25 of this financial supplement. See page 4 herein for additional information on these non-GAAP measures. Investors are encouraged to listen to the company’s earnings call on the first quarter 2026 results at 9:00 a.m. (ET) on May 6, 2026. The company’s conference call will be accessible via telephone and internet. The dial-in number for Genworth’s May 6 conference call is 800-330-6710 or 213-279-1505 (outside the U.S.); conference ID #5100219. To participate in the call by webcast, register at least 15 minutes in advance at https://investor.genworth.com. Regards, Christine Jewell Investor Relations InvestorInfo@genworth.com GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 3


 

Use of Non-GAAP Measures The company uses non-GAAP financial measures entitled “adjusted operating income (loss)” and “adjusted operating income (loss), excluding Closed Block.” These non-GAAP financial measures are evaluated by management and the company’s Board of Directors to assess performance, manage capital allocation, and in the case of adjusted operating income (loss), excluding Closed Block, as a basis for determining annual incentive awards and compensation for senior management. These measures have been established to more accurately reflect overall operating performance, as they minimize the impact of macroeconomic volatility. Management believes using adjusted operating income (loss), excluding Closed Block as a consolidated measure of profit or loss better aligns with the company’s strategy and capital allocation framework, as no capital is allocated to the Closed Block segment, which operates on a standalone basis, using existing capital and reserves, along with in-force management actions, to meet future obligations. The company also continues to report adjusted operating income (loss) for the Closed Block segment, as it believes it is the appropriate measure of profit or loss in accordance with segment reporting. Although adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block are non-GAAP financial measures, the company believes these measures aid in understanding the underlying performance of its operations. The company defines adjusted operating income (loss) as income (loss) from continuing operations excluding: • the after-tax effects of income (loss) attributable to noncontrolling interests, • net investment gains (losses), • changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges, • gains (losses) on the sale of businesses, • gains (losses) on the early extinguishment of debt, • restructuring costs and • infrequent or unusual non-operating items. A component of the company’s net investment gains (losses) is the result of estimated future credit losses, the size and timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) can be subject to the company’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. The company excludes net investment gains (losses), changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges, gains (losses) on the sale of businesses, gains (losses) on the early extinguishment of debt, restructuring costs and infrequent or unusual non-operating items from adjusted operating income (loss) because, in the company’s opinion, they are not indicative of overall operating performance. Adjustments to reconcile net income (loss) to adjusted operating income (loss) assume a 21% current tax rate, plus any associated deferred taxes, and are net of the portion attributable to noncontrolling interests. Changes in fair value of market risk benefits and associated hedges are adjusted to exclude changes in reserves, attributed fees and benefit payments. Adjusted operating income (loss), excluding Closed Block is derived from adjusted operating income (loss) and excludes adjusted operating income (loss) of the company’s Closed Block segment. While some of these items may be significant components of net income (loss) determined in accordance with U.S. GAAP, the company believes that adjusted operating income (loss), and measures that are derived from or incorporate adjusted operating income (loss), including adjusted operating income (loss), excluding Closed Block, are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. Adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block are not measures of complete profitability; therefore, they should not be considered in isolation or viewed as substitutes for U.S. GAAP net income (loss). In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies. In reporting non-GAAP measures in the future, the company may make other adjustments to exclude items it does not consider reflective of its core operating performance. The company may also disclose other non-GAAP operating measures in the future if it believes that such measures would be helpful to investors in their evaluation of the company. The table on page 9 of this financial supplement provides a reconciliation of net income (loss) to adjusted operating income (loss) and adjusted operating income (loss), excluding Closed Block for the periods presented and reflects adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting. This financial supplement includes other non- GAAP measures management believes enhances the understanding and comparability of performance by highlighting underlying business activity and profitability drivers. These additional non- GAAP measures are on pages 32 and 33 of this financial supplement. Management also reports revenues of CareScout Services to monitor growth of the business. CareScout Services revenues, which are included in Corporate and Other, primarily consist of fees from the CareScout Quality Network and placement fees earned when placing a care seeker in a senior living community, along with service fees such as eligibility assessments and Care Plans. To arrive at CareScout Services revenues, Corporate and Other revenues are adjusted to exclude intercompany eliminations, revenues from other businesses not individually reportable, including the company’s CareScout insurance business (CareScout Insurance) and international businesses, and other sources of revenue such as corporate net investment income and net investment gains (losses). See page 25 of this financial supplement for a reconciliation of total Corporate and Other revenues to CareScout Services revenues. GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 4


 

Results of Operations and Selected Operating Performance Measures The company allocates tax to its businesses at the U.S. corporate federal income tax rate of 21%. Each segment is then adjusted to reflect the unique tax attributes of that segment, such as permanent differences between U.S. GAAP and tax law. The difference between the consolidated provision for income taxes and the sum of the provision for income taxes in each segment is reflected in Corporate and Other. The annually-determined tax rates and adjustments to each segment’s provision for income taxes are estimates which are subject to review and could change from year to year. U.S. GAAP generally requires an annualized effective tax rate to be used for interim reporting periods, utilizing projections of full year results. However, in certain circumstances, it is appropriate to record the actual effective tax rate for the period if a reliable estimate cannot be made for the full year. For the first quarter of 2026 and the first three quarters of 2025, the company utilized the actual effective tax rate for the interim period to record the provision for income taxes for its Closed Block segment and the annualized projected effective tax rate for its Enact segment and Corporate and Other. This financial supplement contains selected operating performance measures including “new insurance written,” “insurance in-force” and “risk in-force,” which are commonly used in the insurance industry as measures of operating performance. Management regularly monitors and reports new insurance written for the company’s Enact segment as a measure of volume of new business generated in a period. The company considers new insurance written to be a measure of the operating performance of its Enact segment because it represents a measure of new sales of mortgage insurance policies during a specified period, rather than a measure of revenues or profitability during that period. Management regularly monitors and reports insurance in-force and risk in-force for the company’s Enact segment. Insurance in-force is a measure of the aggregate unpaid principal balance as of the respective reporting date for loans insured by the company’s U.S. mortgage insurance subsidiaries. Risk in-force is based on the coverage percentage applied to the estimated current outstanding loan balance. These metrics are presented on a direct basis and exclude reinsurance. The company considers insurance in-force and risk in-force to be measures of the operating performance of its Enact segment because they represent measures of the size of its business at a specific date which will generate revenues and profits in a future period, rather than measures of its revenues or profitability during that period. Management regularly monitors and reports a loss ratio for the company’s Enact segment. The company considers the loss ratio, which is the ratio of benefits and other changes in policy reserves to net earned premiums, to be a measure of underwriting performance. The company believes the loss ratio helps to enhance the understanding of the operating performance of the Enact segment. Management regularly monitors and reports insurance in-force for the life insurance products in its Closed Block segment. Insurance in-force for the company’s life insurance products is a measure of the aggregate face value of outstanding insurance policies as of the respective reporting date. The company considers insurance in-force to be a measure of the operating performance of the life insurance products in its Closed Block segment because it represents a measure of the size of the business at a specific date, rather than a measure of revenues or profitability during that period. These operating performance measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources. Statutory Accounting Data The company presents certain supplemental statutory data for Genworth Life Insurance Company (GLIC) and its consolidating life insurance subsidiaries that has been prepared on the basis of statutory accounting principles (SAP). GLIC and its consolidating life insurance subsidiaries file financial statements with state insurance regulatory authorities and the National Association of Insurance Commissioners that are prepared using SAP, an accounting basis either prescribed or permitted by such authorities. Due to differences in methodology between SAP and U.S. GAAP, the values for assets, liabilities and equity, and the recognition of income and expenses, reflected in financial statements prepared in accordance with U.S. GAAP are materially different from those reflected in financial statements prepared under SAP. This supplemental statutory data should not be viewed as an alternative to, or used in lieu of, U.S. GAAP. This supplemental statutory data includes the impact from in-force rate actions on pre-tax long-term care insurance statutory earnings. Statutory pre-tax earnings represent the net gain from operations, including the impact from in-force rate actions, before dividends to policyholders, refunds to members and federal income taxes and before realized capital gains or (losses). Management uses and provides this supplemental statutory data because it believes it provides a useful measure of, among other things, statutory pre-tax earnings and the adequacy of capital. Management uses this data to measure against its policy to manage its legacy insurance subsidiaries with internally generated capital. GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 5


 

March 31, December 31, September 30, June 30, March 31, Balance Sheet Data 2026 2025 2025 2025 2025 Total Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) 10,039$ 10,074$ 10,158$ 10,111$ 10,082$ Total accumulated other comprehensive income (loss) (1) (1,224) (1,324) (1,396) (1,373) (1,422) Total Genworth Financial, Inc.’s stockholders’ equity 8,815$ 8,750$ 8,762$ 8,738$ 8,660$ Book value per share 22.88$ 22.33$ 21.76$ 21.22$ 20.82$ Book value per share, excluding accumulated other comprehensive income (loss) 26.06$ 25.71$ 25.22$ 24.56$ 24.24$ Common shares outstanding as of the balance sheet date 385.2 391.8 402.7 411.7 415.9 March 31, December 31, September 30, June 30, March 31, Twelve Month Rolling Average ROE 2026 2025 2025 2025 2025 U.S. GAAP Basis ROE 2.1 % 2.2 % 2.2 % 1.9 % 2.1 % Operating ROE (2) 4.5 % 4.6 % 4.5 % 4.6 % 5.0 % March 31, December 31, September 30, June 30, March 31, Quarterly Average ROE 2026 2025 2025 2025 2025 U.S. GAAP Basis ROE 1.9 % 0.1 % 4.6 % 2.0 % 2.1 % Operating ROE (2) 4.3 % 4.8 % 4.5 % 4.4 % 4.5 % Three months ended Basic and Diluted Shares March 31, 2026 Weighted-average common shares used in basic earnings per share calculations 388.1 Potentially dilutive securities: Performance stock units, restricted stock units and other equity-based awards 5.6 Weighted-average common shares used in diluted earnings per share calculations 393.7 (2) See page 32 herein for a reconciliation of U.S. GAAP Basis ROE to Operating ROE. Three months ended Twelve months ended (1) As of March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, total accumulated other comprehensive income (loss) includes $1,112 million, $463 million, $142 million, $769 million and $703 million, net of taxes, respectively, related to changes in the discount rate used to remeasure the liability for future policy benefits and related reinsurance recoverables. GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 Financial Highlights (amounts in millions, except per share data) 6


 

Consolidated Quarterly Results 7


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 881 $ 886 $ 886 $ 865 $ 862 $ 3,499 766 785 799 802 739 3,125 (26) (39) 99 (28) 27 59 156 152 151 157 158 618 1,777 1,784 1,935 1,796 1,786 7,301 1,224 1,182 1,227 1,195 1,217 4,821 44 143 106 60 4 313 10 (4) (1) (10) 18 3 95 97 96 94 99 386 213 265 259 249 236 1,009 55 57 57 57 60 231 25 26 27 26 26 105 1,666 1,766 1,771 1,671 1,660 6,868 111 18 164 125 126 433 31 4 9 35 36 84 80 14 155 90 90 349 (1) 21 (8) (7) (5) 1 79 35 147 83 85 350 32 33 31 32 31 127 $ 47 $ 2 $ 116 $ 51 $ 54 $ 223 Basic 0.12$ (0.05)$ 0.30$ 0.14$ 0.14$ 0.54$ Diluted 0.12$ (0.05)$ 0.30$ 0.14$ 0.14$ 0.54$ Basic 0.12$ —$ 0.29$ 0.12$ 0.13$ 0.54$ Diluted 0.12$ —$ 0.28$ 0.12$ 0.13$ 0.54$ Basic 388.1 396.4 408.0 413.2 418.3 409.0 Diluted (2) 393.7 396.4 413.3 417.5 422.9 414.0 2025 Total revenues Policy fees and other income REVENUES: Premiums Net investment gains (losses) Net investment income BENEFITS AND EXPENSES: Benefits and other changes in policy reserves Changes in fair value of market risk benefits and associated hedges Liability remeasurement (gains) losses Acquisition and operating expenses, net of deferrals Interest credited Amortization of deferred acquisition costs and intangibles Interest expense INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Total benefits and expenses INCOME (LOSS) FROM CONTINUING OPERATIONS Provision (benefit) for income taxes Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share (2) Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations for the three months ended December 31, 2025, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three months ended December 31, 2025, as the inclusion of shares for performance stock units, restricted stock units and other equity-based awards of 6.0 million would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations for the three months ended December 31, 2025, dilutive potential weighted-average common shares outstanding would have been 402.4 million. (1) Income (loss) from discontinued operations primarily includes legal costs related to litigation involving the company’s former lifestyle protection insurance business and, in the fourth quarter of 2025, loss recoveries of $16 million. Weighted-average common shares outstanding Income (loss) from discontinued operations, net of taxes (1) NET INCOME (LOSS) NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS Less: net income (loss) attributable to noncontrolling interests Income (loss) from continuing operations available to Genworth Financial, Inc.’s common stockholders per share Earnings (Loss) Per Share Data: 8 Consolidated Net Income (Loss) by Quarter (amounts in millions, except per share amounts) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 47 $ 2 $ 116 $ 51 $ 54 $ 223 32 33 31 32 31 127 79 35 147 83 85 350 (1) 21 (8) (7) (5) 1 80 14 155 90 90 349 32 33 31 32 31 127 48 (19) 124 58 59 222 25 38 (99) 27 (28) (62) 9 (6) (3) (15) 19 (5) — (1) — — — (1) 2 — 1 — (1) — (7) (4) (6) (2) 2 (10) 77 8 17 68 51 144 (32) (114) (96) (44) (63) (317) $ 109 $ 122 $ 113 $ 112 $ 114 $ 461 140 146 134 141 137 558 (31) (24) (21) (29) (23) (97) (32) (114) (96) (44) (63) (317) $ 77 $ 8 $ 17 $ 68 $ 51 $ 144 Basic 0.12$ —$ 0.29$ 0.12$ 0.13$ 0.54$ Diluted 0.12$ —$ 0.28$ 0.12$ 0.13$ 0.54$ Basic 0.28$ 0.31$ 0.28$ 0.27$ 0.27$ 1.13$ Diluted 0.28$ 0.31$ 0.28$ 0.27$ 0.27$ 1.11$ Basic 388.1 396.4 408.0 413.2 418.3 409.0 Diluted (4) 393.7 396.4 413.3 417.5 422.9 414 Adjusted operating income (loss), excluding Closed Block per share (4) Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations for the three months ended December 31, 2025, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three months ended December 31, 2025, as the inclusion of shares for performance stock units, restricted stock units and other equity-based awards of 6.0 million would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations for the three months ended December 31, 2025, dilutive potential weighted-average common shares outstanding would have been 402.4 million. (3) Taxes on adjustments include tax expense of $3 million in the fourth quarter of 2025 and a tax benefit of $27 million in the third quarter of 2025 related to a release of a portion of the valuation allowance on certain deferred tax assets. (2) Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments (see page 23 for reconciliation). (1) Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests (see page 30 for reconciliation). Weighted-average common shares outstanding Enact segment Closed Block segment ADJUSTED OPERATING INCOME (LOSS) Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share Earnings (Loss) Per Share Data: Corporate and Other Expenses related to restructuring Taxes on adjustments (3) ADJUSTED OPERATING INCOME (LOSS): ADJUSTED OPERATING INCOME (LOSS), EXCLUDING CLOSED BLOCK ADJUSTED OPERATING INCOME (LOSS) Less: Closed Block segment adjusted operating income (loss) INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS Net investment (gains) losses, net (1) ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS: (Gains) losses on early extinguishment of debt Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges (2) 2025 Less: net income (loss) from continuing operations attributable to noncontrolling interests INCOME (LOSS) FROM CONTINUING OPERATIONS NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS Add: net income (loss) attributable to noncontrolling interests Less: income (loss) from discontinued operations, net of taxes NET INCOME (LOSS) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss) and Adjusted Operating Income (Loss), Excluding Closed Block (amounts in millions, except per share amounts) 9


 

March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 $ 45,095 $ 45,762 $ 46,110 $ 45,672 $ 45,668 544 555 546 516 496 6,351 6,363 6,374 6,390 6,356 (58) (59) (59) (56) (36) Commercial mortgage loans, net 6,293 6,304 6,315 6,334 6,320 2,301 2,297 2,311 2,366 2,316 3,528 3,484 3,473 3,337 3,241 770 770 658 643 653 Total investments 58,531 59,172 59,413 58,868 58,694 2,120 2,036 2,036 1,797 1,891 633 603 589 556 639 1,540 1,586 1,632 1,680 1,729 199 198 184 185 193 17,394 17,860 17,872 17,599 17,681 (21) (23) (23) (23) (25) 17,373 17,837 17,849 17,576 17,656 468 418 421 479 489 1,761 1,800 1,801 1,693 1,676 55 64 62 58 47 4,093 4,369 4,449 4,394 4,192 Total assets $ 86,773 $ 88,083 $ 88,436 $ 87,286 $ 87,206 Commercial mortgage loans Equity securities, at fair value Fixed maturity securities available-for-sale, at fair value (1) ASSETS Investments: Limited partnerships Policy loans Less: Allowance for credit losses Other invested assets Cash, cash equivalents and restricted cash Accrued investment income Reinsurance recoverable Intangible assets and goodwill Less: Allowance for credit losses Deferred acquisition costs Market risk benefit assets Deferred tax asset Reinsurance recoverable, net Other assets Separate account assets (1) Amortized cost of $48,192 million, $48,150 million, $48,379 million, $48,684 million and $48,837 million as of March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively, and allowance for credit losses of $23 million, $23 million, $28 million, $25 million and $14 million as of March 31, 2026, December 31, 2025, September 30, 2025, June 30, 2025 and March 31, 2025, respectively. 10 Consolidated Balance Sheets (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

March 31, 2026 December 31, 2025 September 30, 2025 June 30, 2025 March 31, 2025 $ 54,082 $ 55,228 $ 55,364 $ 54,111 $ 54,158 13,871 13,843 14,039 14,163 14,447 423 413 429 453 516 743 727 710 763 698 85 92 96 101 108 2,126 2,131 2,056 2,052 1,933 1,509 1,513 1,520 1,520 1,519 4,093 4,369 4,449 4,394 4,192 — — 2 — 4 Total liabilities 76,932 78,316 78,665 77,557 77,575 1 1 1 1 1 11,873 11,888 11,879 11,871 11,862 1,112 463 142 769 703 (2,336) (1,787) (1,538) (2,142) (2,125) (1,224) (1,324) (1,396) (1,373) (1,422) 1,731 1,684 1,682 1,566 1,516 (3,566) (3,499) (3,404) (3,327) (3,297) Total Genworth Financial, Inc.’s stockholders’ equity 8,815 8,750 8,762 8,738 8,660 1,026 1,017 1,009 991 971 Total equity 9,841 9,767 9,771 9,729 9,631 Total liabilities and equity $ 86,773 $ 88,083 $ 88,436 $ 87,286 $ 87,206 Liabilities: Liability for policy and contract claims Market risk benefit liabilities Policyholder account balances Future policy benefits LIABILITIES AND EQUITY Unearned premiums Other liabilities Long-term borrowings Separate account liabilities Equity: Common stock Liabilities related to discontinued operations (1) All other Change in the discount rate used to measure future policy benefits Accumulated other comprehensive income (loss): Additional paid-in capital Total accumulated other comprehensive income (loss) Retained earnings Treasury stock, at cost Noncontrolling interests (1) Liabilities related to discontinued operations primarily include legal costs related to litigation involving the sale of the company’s former lifestyle protection insurance business. 11 Consolidated Balance Sheets (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

Enact Closed Block Corporate and Other (1) Total $ 6,763 $ 53,324 $ 1,197 $ 61,284 60 1,649 30 1,739 6 17,367 — 17,373 138 1,984 107 2,229 — 55 — 55 — 4,093 — 4,093 Total assets $ 6,967 $ 78,472 $ 1,334 $ 86,773 — 54,082 — 54,082 — 13,871 — 13,871 — 423 — 423 590 146 7 743 85 — — 85 193 1,497 436 2,126 745 — 764 1,509 — 4,093 — 4,093 Total liabilities 1,613 74,112 1,207 76,932 4,394 5,092 553 10,039 (66) (732) (426) (1,224) 4,328 4,360 127 8,815 1,026 — — 1,026 5,354 4,360 127 9,841 $ 6,967 $ 78,472 $ 1,334 $ 86,773 Total Genworth Financial, Inc.’s stockholders’ equity Total liabilities and equity Total equity Noncontrolling interests (1)Includes start-up businesses, not individually reportable, that offer aging care services through CareScout Services and long-term care insurance products through CareScout Insurance, along with certain international businesses, debt financing expenses, unallocated corporate income and expenses, and eliminations of inter-segment transactions. Borrowings Separate account liabilities Equity: Allocated equity, excluding accumulated other comprehensive income (loss) Allocated accumulated other comprehensive income (loss) Future policy benefits Policyholder account balances Unearned premiums Other liabilities Liability for policy and contract claims Market risk benefit liabilities Separate account assets Deferred tax and other assets Market risk benefit assets LIABILITIES AND EQUITY Liabilities: ASSETS Deferred acquisition costs and intangible assets Reinsurance recoverable, net Cash and investments March 31, 2026 GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 Consolidated Balance Sheet by Segment (amounts in millions) 12


 

Enact Closed Block Corporate and Other (1) Total $ 6,712 $ 53,668 $ 1,431 $ 61,811 58 1,698 28 1,784 4 17,833 — 17,837 121 1,983 114 2,218 — 64 — 64 — 4,369 — 4,369 Total assets $ 6,895 $ 79,615 $ 1,573 $ 88,083 — 55,228 — 55,228 — 13,843 — 13,843 — 413 — 413 572 149 6 727 92 — — 92 119 1,475 537 2,131 744 — 769 1,513 — 4,369 — 4,369 Total liabilities 1,527 75,477 1,312 78,316 4,376 5,022 676 10,074 (25) (884) (415) (1,324) 4,351 4,138 261 8,750 1,017 — — 1,017 5,368 4,138 261 9,767 $ 6,895 $ 79,615 $ 1,573 $ 88,083 Total Genworth Financial, Inc.’s stockholders’ equity Total liabilities and equity Total equity Noncontrolling interests (1)Includes other businesses not individually reportable, including CareScout Services, CareScout Insurance and certain international businesses, along with debt financing expenses, unallocated corporate income and expenses, and eliminations of inter-segment transactions. Borrowings Separate account liabilities Equity: Allocated equity, excluding accumulated other comprehensive income (loss) Allocated accumulated other comprehensive income (loss) Future policy benefits Policyholder account balances Unearned premiums Other liabilities Liability for policy and contract claims Market risk benefit liabilities Separate account assets Deferred tax and other assets Market risk benefit assets LIABILITIES AND EQUITY Liabilities: ASSETS Deferred acquisition costs and intangible assets Reinsurance recoverable, net Cash and investments December 31, 2025 GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 Consolidated Balance Sheet by Segment (amounts in millions) 13


 

Enact Segment 14


 

Adjusted Operating Income (Loss) - Enact Segment (amounts in millions) 2026 2025 1Q 4Q 3Q 2Q 1Q Total REVENUES: Premiums $ 243 $ 245 $ 245 $ 245 $ 245 $ 980 Net investment income 72 69 68 66 63 266 Net investment gains (losses) (6) (3) (2) (8) (3) (16) Policy fees and other income 3 1 1 1 2 5 Total revenues 312 312 312 304 307 1,235 BENEFITS AND EXPENSES: Benefits and other changes in policy reserves 37 18 36 25 31 110 Acquisition and operating expenses, net of deferrals 47 57 51 50 50 208 Amortization of deferred acquisition costs and intangibles 2 2 2 3 2 9 Interest expense 12 13 13 12 12 50 Total benefits and expenses 98 90 102 90 95 377 INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 214 222 210 214 212 858 Provision (benefit) for income taxes 46 45 47 46 46 184 INCOME (LOSS) FROM CONTINUING OPERATIONS 168 177 163 168 166 674 Less: net income (loss) attributable to noncontrolling interests 32 33 31 32 31 127 INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS 136 144 132 136 135 547 ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS: Net investment (gains) losses, net(1) 5 2 2 7 2 13 Expenses related to restructuring — — 1 (1) 1 1 Taxes on adjustments (1) — (1) (1) (1) (3) ADJUSTED OPERATING INCOME (LOSS) $ 140 $ 146 $ 134 $ 141 $ 137 $ 558 (1)Net investment (gains) losses were adjusted for the portion of net investment gain (losses) attributable to noncontrolling interests as reconciled below: Net investment (gains) losses, gross $ 6 $ 3 $ 2 $ 8 $ 3 $ 16 Adjustment for net investment gains (losses) attributable to noncontrolling interests (1) (1) — (1) (1) (3) Net investment (gains) losses, net $ 5 $ 2 $ 2 $ 7 $ 2 $ 13 GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 15


 

Selected Operating Metrics - Enact Segment (dollar amounts in millions) 2026 2025 1Q 4Q 3Q 2Q 1Q Total Direct Primary New Insurance Written $ 12,786 $ 14,386 $ 14,048 $ 13,254 $ 9,818 $ 51,506 Direct Primary Insurance In-Force $ 272,475 $ 273,147 $ 272,349 $ 269,754 $ 268,366 Direct Primary Risk In-Force $ 71,245 $ 71,363 $ 71,144 $ 70,401 $ 69,937 Primary Delinquencies 24,670 24,885 23,382 22,118 22,349 24,885 New Delinquencies 13,559 13,679 12,998 11,567 12,237 50,481 Paid Claims 280 287 253 218 179 937 Primary Cures(1) 13,494 11,889 11,481 11,580 13,275 48,225 Loss Ratio(2) 15 % 7 % 15 % 10 % 12 % 11 % Available Assets Above PMIERs Requirements(3) $ 1,919 $ 1,919 $ 1,904 $ 1,961 $ 1,966 PMIERs Sufficiency Ratio(3) 162 % 162 % 162 % 165 % 165 % Reserves: Direct primary case(4) $ 532 $ 515 $ 520 $ 500 $ 489 All other(4) 58 57 52 52 54 Total Reserves $ 590 $ 572 $ 572 $ 552 $ 543 (1)Includes rescissions and claim denials. (2)The loss ratio is calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein. (3)The Private Mortgage Insurer Eligibility Requirements (PMIERs) sufficiency ratio is calculated as available assets divided by required assets as defined within PMIERs. The current period PMIERs sufficiency ratio is an estimate due to the timing of the PMIERs filing. (4)Direct primary case reserves exclude loss adjustment expenses (LAE), pool, incurred but not reported (IBNR) and reinsurance reserves. Other includes LAE, pool, IBNR and reinsurance reserves. For additional information related to the Enact segment, refer to the current quarter Quarterly Financial Supplement posted to the Enact Holdings, Inc. investor page: https://ir.enactmi.com/financials-and-filings/quarterly-results GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 16


 

Closed Block Segment 17


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 636 $ 637 $ 639 $ 617 $ 615 $ 2,508 691 711 726 732 671 2,840 (27) (28) 93 8 30 103 150 150 150 156 156 612 Total revenues 1,450 1,470 1,608 1,513 1,472 6,063 1,189 1,166 1,194 1,171 1,188 4,719 44 143 106 60 4 313 10 (4) (1) (10) 18 3 95 97 96 94 99 386 132 173 178 170 167 688 51 53 54 53 57 217 Total benefits and expenses 1,521 1,628 1,627 1,538 1,533 6,326 (71) (158) (19) (25) (61) (263) (10) (27) 2 1 (7) (31) (61) (131) (21) (26) (54) (232) 27 28 (93) (8) (30) (103) 9 (6) (3) (15) 19 (5) (7) (5) 21 5 2 23 $ (32) $ (114) $ (96) $ (44) $ (63) $ (317) $ 8 $ 10 $ 6 $ 8 $ (1) $ 23 36 133 100 52 5 290 $ 44 $ 143 $ 106 $ 60 $ 4 $ 313 2025 Policy fees and other income BENEFITS AND EXPENSES: REVENUES: Premiums Net investment gains (losses) Net investment income Benefits and other changes in policy reserves Changes in fair value of market risk benefits and associated hedges Liability remeasurement (gains) losses Acquisition and operating expenses, net of deferrals Interest credited Amortization of deferred acquisition costs and intangibles Provision (benefit) for income taxes INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS: INCOME (LOSS) FROM CONTINUING OPERATIONS Net investment (gains) losses Taxes on adjustments Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges (1) ADJUSTED OPERATING INCOME (LOSS) (1) Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments (see page 23 for reconciliation). Liability remeasurement (gains) losses:(2) Cash flow assumption updates Actual variances from expected experience Total (2) See pages 19, 21 and 23 for additional product-level details. 18 Adjusted Operating Income (Loss) - Closed Block Segment (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 579 $ 598 $ 597 $ 578 $ 571 $ 2,344 477 496 505 516 451 1,968 (19) (22) 104 25 29 136 — 1 — — — 1 Total revenues 1,037 1,073 1,206 1,119 1,051 4,449 965 981 972 951 944 3,848 37 171 113 50 (18) 316 74 120 118 115 109 462 16 16 17 16 17 66 Total benefits and expenses 1,092 1,288 1,220 1,132 1,052 4,692 (55) (215) (14) (13) (1) (243) (6) (39) 4 4 6 (25) (49) (176) (18) (17) (7) (218) 19 22 (104) (25) (29) (136) (4) (5) 22 5 6 28 $ (34) $ (159) $ (100) $ (37) $ (30) $ (326) $ 8 $ 47 $ 6 $ 8 $ (1) $ 60 29 124 107 42 (17) 256 $ 37 $ 171 $ 113 $ 50 $ (18) $ 316 0.09 % 0.40 % 0.27 % 0.11 % (0.04)% 0.74 % 2025 BENEFITS AND EXPENSES: Policy fees and other income REVENUES: Premiums Net investment gains (losses) Net investment income Benefits and other changes in policy reserves Liability remeasurement (gains) losses Amortization of deferred acquisition costs and intangibles Acquisition and operating expenses, net of deferrals INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Provision (benefit) for income taxes INCOME (LOSS) FROM CONTINUING OPERATIONS Net investment (gains) losses ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS: Taxes on adjustments Ratio of the liability remeasurement (gains) losses to beginning reserves (3) (1) In the fourth quarter of 2025, the liability remeasurement loss of $171 million in the company’s long-term care insurance products included an unfavorable impact from annual cash flow assumption updates of $47 million. Unfavorable benefit utilization and healthy life assumption updates were largely offset by favorable assumption updates reflecting in-force rate action approval experience and benefit reductions as well as favorable claim termination assumption updates. Also included in the liability remeasurement loss of $171 million were unfavorable actual variances from expected experience of $124 million associated with higher claims and lower terminations. (3) The ratio of the liability remeasurement (gains) losses to beginning reserves is calculated by dividing the liability remeasurement (gains) losses by the beginning liability for future policy benefits at the locked- in discount rate as of each applicable quarter. ADJUSTED OPERATING INCOME (LOSS) Cash flow assumption updates Liability remeasurement (gains) losses:(1) Total Actual variances from expected experience (2) (2) In the first quarter of 2026, actual variances from expected experience include net insurance recoveries of $23 million related to cash payments made to policyholders in connection with a prior legal settlement. 19 GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 Adjusted Operating Income (Loss) - Closed Block Segment - Long-Term Care Insurance (amounts in millions)


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 253 $ 261 $ 256 $ 247 $ 240 $ 1,004 34 50 81 95 100 326 $ 287 $ 311 $ 337 $ 342 $ 340 $ 1,330 2025 (1) Includes all implemented in-force rate actions since 2012. (3) The first quarter of 2025 included a $3 million net favorable legal settlement impact. (2) Earned premium and reserve change estimates for statutory earnings reflect certain simplifying assumptions that may vary materially from actual historical results, including but not limited to, a uniform rate of coinsurance and premium taxes in addition to consistent policyholder behavior over time. Actual behavior may differ significantly from these assumptions, and these impacts exclude reserve updates. Statutory earnings from in-force rate actions Impact of in-force rate actions on pre-tax statutory earnings (1) Premiums, premium tax, commissions and other expenses, net (2) Reserve changes, net (2),(3) 20 Statutory Impact of In-Force Rate Actions - Closed Block Segment - Long-Term Care Insurance (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 57 $ 39 $ 42 $ 39 $ 44 $ 164 145 144 148 139 144 575 (3) (1) (3) (9) — (13) 124 123 123 130 129 505 Total revenues 323 305 310 299 317 1,231 189 151 186 183 201 721 9 (6) — 9 25 28 76 77 75 73 77 302 40 36 39 36 36 147 30 32 32 33 34 131 Total benefits and expenses 344 290 332 334 373 1,329 (21) 15 (22) (35) (56) (98) (4) 3 (4) (8) (12) (21) (17) 12 (18) (27) (44) (77) 3 1 3 9 — 13 — — — (2) — (2) $ (14) $ 13 $ (15) $ (20) $ (44) $ (66) $ — $ (15) $ — $ — $ — $ (15) 9 9 — 9 25 43 $ 9 $ (6) $ — $ 9 $ 25 $ 28 2025 Policy fees and other income BENEFITS AND EXPENSES: REVENUES: Premiums Net investment gains (losses) Net investment income Benefits and other changes in policy reserves Interest credited Liability remeasurement (gains) losses Amortization of deferred acquisition costs and intangibles Acquisition and operating expenses, net of deferrals INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES INCOME (LOSS) FROM CONTINUING OPERATIONS Provision (benefit) for income taxes Net investment (gains) losses ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS: Total (1) In the fourth quarter of 2025, the company had a favorable pre-tax impact of $15 million from cash flow assumption updates in its universal and term universal life insurance products reflecting favorable updates to interest rate assumptions given the recent rate environment. Taxes on adjustments ADJUSTED OPERATING INCOME (LOSS) Liability remeasurement (gains) losses: Actual variances from expected experience Cash flow assumption updates (1) 21 Adjusted Operating Income (Loss) - Closed Block Segment - Life Insurance (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

2026 1Q 4Q 3Q 2Q 1Q 41,303$ 38,550$ 39,299$ 40,066$ 40,970$ 195,609$ 204,019$ 212,145$ 221,136$ 230,338$ 83,070$ 84,373$ 85,722$ 87,101$ 88,113$ 83,605$ 84,912$ 86,276$ 87,654$ 88,684$ 25,755$ 26,063$ 26,334$ 26,622$ 26,918$ 28,892$ 29,223$ 29,582$ 29,906$ 30,257$ Term and whole life insurance Life insurance in-force, net of reinsurance Life insurance in-force, before reinsurance 2025 Life insurance in-force, before reinsurance Term universal life insurance Life insurance in-force, net of reinsurance Life insurance in-force, before reinsurance Universal life insurance Life insurance in-force, net of reinsurance 22 Insurance In-Force - Closed Block Segment - Life Insurance (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 69 $ 71 $ 73 $ 77 $ 76 $ 297 (5) (5) (8) (8) 1 (20) 26 26 27 26 27 106 Total revenues 90 92 92 95 104 383 35 34 36 37 43 150 (2) (22) (7) 1 (3) (31) 10 (4) (1) (10) 18 3 19 20 21 21 22 84 18 17 21 19 22 79 5 5 5 4 6 20 Total benefits and expenses 85 50 75 72 108 305 5 42 17 23 (4) 78 — 9 2 5 (1) 15 5 33 15 18 (3) 63 5 5 8 8 (1) 20 9 (6) (3) (15) 19 (5) (3) — (1) 2 (4) (3) $ 16 $ 32 $ 19 $ 13 $ 11 $ 75 $ — $ (22) $ — $ — $ — $ (22) (2) — (7) 1 (3) (9) $ (2) $ (22) $ (7) $ 1 $ (3) $ (31) $ 10 $ (4) $ (1) $ (10) $ 18 $ 3 (1) (2) (2) (5) 1 (8) $ 9 $ (6) $ (3) $ (15) $ 19 $ (5) 2025 BENEFITS AND EXPENSES: Benefits and other changes in policy reserves REVENUES: Net investment income Policy fees and other income Net investment gains (losses) Liability remeasurement (gains) losses Interest credited Changes in fair value of market risk benefits and associated hedges Amortization of deferred acquisition costs and intangibles Acquisition and operating expenses, net of deferrals INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES INCOME (LOSS) FROM CONTINUING OPERATIONS Provision (benefit) for income taxes Net investment (gains) losses ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS: Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges (1) Taxes on adjustments ADJUSTED OPERATING INCOME (LOSS) Liability remeasurement (gains) losses: Cash flow assumption updates (2) Actual variances from expected experience Total (1) Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments as reconciled below: (2) In the fourth quarter of 2025, the company’s annuity products had a favorable pre-tax impact of $22 million primarily from favorable updates to its fixed annuity mortality assumptions. Changes in fair value of market risk benefits and associated hedges Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges Adjustment for changes in reserves, attributed fees and benefit payments 23 GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 Adjusted Operating Income (Loss) - Closed Block Segment - Annuities (amounts in millions)


 

Corporate and Other 24


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 2 $ 4 $ 2 $ 3 $ 2 $ 11 3 5 5 4 5 19 7 (8) 8 (28) — (28) 3 1 — — — 1 Total revenues (2) 15 2 15 (21) 7 3 (2) (2) (3) (1) (2) (8) 34 35 30 29 19 113 2 2 1 1 1 5 13 13 14 14 14 55 Total benefits and expenses 47 48 42 43 32 165 (32) (46) (27) (64) (25) (162) (5) (14) (40) (12) (3) (69) (27) (32) 13 (52) (22) (93) (7) 8 (8) 28 — 28 — (1) — — — (1) 2 — — 1 (2) (1) 1 1 (26) (6) 1 (30) $ (31) $ (24) $ (21) $ (29) $ (23) $ (97) $ 15 $ 2 $ 15 $ (21) $ 7 $ 3 (4) (4) (3) (4) (4) (15) 13 1 15 (21) 7 2 $ 6 $ 5 $ 3 $ 4 $ 4 $ 16 2025 BENEFITS AND EXPENSES: Policy fees and other income REVENUES: Premiums Net investment gains (losses) Net investment income Benefits and other changes in policy reserves Acquisition and operating expenses, net of deferrals Interest expense Amortization of deferred acquisition costs and intangibles INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES Provision (benefit) for income taxes INCOME (LOSS) FROM CONTINUING OPERATIONS Net investment (gains) losses ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS: Expenses related to restructuring (Gains) losses on early extinguishment of debt (3) Taxes on adjustments include tax expense of $3 million in the fourth quarter of 2025 and a tax benefit of $27 million in the third quarter of 2025 related to a release of a portion of the valuation allowance on certain deferred tax assets. Taxes on adjustments (3) ADJUSTED OPERATING INCOME (LOSS) Total Corporate and Other revenues Less: intercompany eliminations CareScout Services revenues Less: other revenues (1) Includes other businesses not individually reportable, including CareScout Services, CareScout Insurance and certain international businesses, along with debt financing expenses, unallocated corporate income and expenses, and eliminations of inter-segment transactions. (2) The following table provides a reconciliation of total Corporate and Other revenues to CareScout Services revenues: GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 Adjusted Operating Income (Loss) - Corporate and Other(1) (amounts in millions) 25


 

Additional Financial Data 26


 

Carrying Amount Carrying Amount Carrying Amount Carrying Amount Carrying Amount $ 25,941 43 % $ 26,493 44 % $ 26,839 45 % $ 26,326 43 % $ 26,470 43 % 11,181 19 11,333 19 11,305 18 11,341 19 11,166 18 1,063 2 1,099 2 1,059 2 1,044 2 911 2 1,344 2 1,295 2 1,346 2 1,331 2 1,309 2 2,202 4 2,060 3 2,035 3 2,026 3 2,134 4 2,086 3 2,114 3 2,145 3 2,135 4 2,169 4 1,278 2 1,368 2 1,381 2 1,469 2 1,509 2 475 1 485 1 477 1 447 1 415 1 69 — 70 — 69 — 69 — 81 — 6,293 10 6,304 10 6,315 10 6,334 10 6,320 11 2,301 4 2,297 4 2,311 4 2,366 4 2,316 4 3,528 6 3,484 6 3,473 6 3,337 6 3,241 5 2,149 3 2,073 3 2,062 3 1,808 3 1,895 3 Other invested assets: Derivatives: Interest rate swaps 8 — 11 — 17 — 16 — 23 — Foreign currency swaps 8 — 4 — 5 — 3 — 12 — Equity index options 12 — 18 — 19 — 17 — 12 — Forward bond purchase commitments 4 — 6 — 11 — 6 — 19 — Foreign currency forward contracts — — — — — — — — 1 — Other 709 1 694 1 580 1 590 1 582 1 $ 60,651 100 % $ 61,208 100 % $ 61,449 100 % $ 60,665 100 % $ 60,585 100 % NRSRO (2) Designation AAA $ 1,446 5 % $ 1,466 5 % $ 1,496 5 % $ 1,498 5 % $ 2,467 8 % AA 7,127 23 7,250 23 7,166 23 7,063 23 6,158 20 A 9,407 31 9,373 30 9,440 30 9,031 29 8,809 28 BBB 12,208 39 12,642 40 12,993 40 12,951 41 13,165 42 BB 471 2 504 2 476 2 488 2 477 2 B 16 — 16 — 34 — 46 — 27 — CCC and lower — — — — — — — — — — Not rated 1 — — — — — — — — — $ 30,676 100 % $ 31,251 100 % $ 31,605 100 % $ 31,077 100 % $ 31,103 100 % NRSRO (2) Designation AAA $ 570 4 % $ 540 4 % $ 599 4 % $ 652 4 % $ 766 5 % AA 1,717 12 1,690 12 1,600 11 1,580 11 1,506 10 A 4,619 32 4,484 31 4,410 31 4,310 30 4,136 28 BBB 6,723 47 6,949 48 7,025 49 7,118 49 7,152 50 BB 718 5 747 5 773 5 828 6 889 6 B 35 — 71 — 66 — 71 — 73 1 CCC and lower 22 — 15 — 17 — 21 — 28 — Not rated 15 — 15 — 15 — 15 — 15 — $ 14,419 100 % $ 14,511 100 % $ 14,505 100 % $ 14,595 100 % $ 14,565 100 % September 30, 2025 % of Total % of Total March 31, 2026 % of Total Private fixed maturity securities Residential mortgage-backed securities (1) Commercial mortgage-backed securities Other asset-backed securities December 31, 2025 Composition of Investment Portfolio Fixed maturity securities: Investment grade: Public Fixed Maturity Securities - Credit Quality: % of Total June 30, 2025 March 31, 2025 % of Total Commercial mortgage loans, net Policy loans Limited partnerships Cash, cash equivalents, restricted cash and short-term investments Total invested assets and cash State and political subdivisions Non-investment grade fixed maturity securities Equity securities: Common stocks and mutual funds Preferred stocks Public fixed maturity securities Total public fixed maturity securities Private Fixed Maturity Securities - Credit Quality: Total private fixed maturity securities (1) The company does not have any material exposure to residential mortgage-backed securities collateralized debt obligations (CDOs). (2) Nationally Recognized Statistical Rating Organizations. 27 Investments Summary (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

Fair Value Fair Value Fair Value Fair Value Fair Value $ 3,616 8 % $ 3,701 8 % $ 3,593 8 % $ 3,527 8 % $ 3,594 8 % 2,086 5 2,114 5 2,145 5 2,135 5 2,169 5 1,191 3 1,215 3 1,203 3 1,121 2 1,029 2 26,509 58 27,046 58 27,391 59 27,154 59 27,229 59 7,045 16 7,191 16 7,301 16 7,302 16 7,260 16 1,064 2 1,100 2 1,059 2 1,044 2 911 2 1,358 3 1,309 3 1,360 3 1,340 3 1,318 3 2,226 5 2,086 5 2,058 4 2,049 5 2,158 5 $ 45,095 100 % $ 45,762 100 % $ 46,110 100 % $ 45,672 100 % $ 45,668 100 % $ 8,513 25 % $ 8,666 26 % $ 8,675 25 % $ 8,587 25 % $ 8,532 25 % 5,045 15 5,107 15 5,149 15 5,043 15 4,991 15 3,209 10 3,252 10 3,292 10 3,265 10 3,253 9 4,778 14 4,839 14 4,928 15 4,871 14 4,884 15 1,239 3 1,298 3 1,375 4 1,403 4 1,474 4 2,844 9 2,894 9 2,876 8 2,818 8 2,791 8 1,505 5 1,536 4 1,653 5 1,641 5 1,679 5 3,141 9 3,250 9 3,365 9 3,345 9 3,365 9 1,547 5 1,560 5 1,508 4 1,495 4 1,502 4 652 2 667 2 688 2 697 2 700 2 32,473 97 33,069 97 33,509 97 33,165 96 33,171 96 109 1 110 — 128 — 135 — 140 1 37 — 45 — 49 — 69 — 73 — 131 — 144 — 126 — 129 — 163 1 126 — 124 — 127 — 137 1 123 — 201 1 201 1 228 1 249 1 258 1 115 — 117 — 136 1 143 1 133 — 131 — 179 1 144 — 166 — 166 — 185 1 188 1 184 1 206 1 181 1 1 — — — — — — — 25 — 45 — 60 — 61 — 57 — 56 — 1,081 3 1,168 3 1,183 3 1,291 4 1,318 4 $ 33,554 100 % $ 34,237 100 % $ 34,692 100 % $ 34,456 100 % $ 34,489 100 % $ 1,711 4 % $ 1,543 3 % $ 1,648 4 % $ 1,481 3 % $ 1,413 3 % 8,429 19 8,306 18 8,309 18 8,573 19 8,474 19 10,675 24 11,221 25 11,230 24 11,040 24 11,132 24 19,632 43 20,197 44 20,446 45 20,145 44 20,262 44 40,447 90 41,267 90 41,633 91 41,239 90 41,281 90 4,648 10 4,495 10 4,477 9 4,433 10 4,387 10 $ 45,095 100 % $ 45,762 100 % $ 46,110 100 % $ 45,672 100 % $ 45,668 100 % December 31, 2025 % of Total Foreign government June 30, 2025 % of Total % of Total March 31, 2025 Fixed Maturity Securities - Security Sector: U.S. government, agencies and government-sponsored enterprises State and political subdivisions % of Total March 31, 2026 Corporate Bond Holdings - Industry Sector: Investment Grade: Finance and insurance Utilities U.S. corporate Foreign corporate Residential mortgage-backed securities Commercial mortgage-backed securities Other asset-backed securities Finance and insurance Utilities Energy % of Total September 30, 2025 Technology and communications Transportation Other Subtotal Non-Investment Grade: Energy Consumer - non-cyclical Consumer - cyclical Capital goods Industrial Total fixed maturity securities Consumer - non-cyclical Consumer - cyclical Capital goods Industrial Technology and communications Transportation Other Subtotal Total Fixed Maturity Securities - Contractual Maturity Dates: Mortgage and asset-backed securities Total fixed maturity securities Due in one year or less Due after one year through five years Due after five years through ten years Due after ten years Subtotal 28 Fixed Maturity Securities Summary (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

2026 1Q 4Q 3Q 2Q 1Q Total $ 556 $ 561 $ 565 $ 570 $ 559 $ 2,255 — — 1 — — 1 2 4 3 3 3 13 76 75 74 72 73 294 38 37 39 32 36 144 38 56 62 69 8 195 60 61 64 62 61 248 19 21 18 19 22 80 789 815 826 827 762 3,230 (23) (30) (27) (25) (23) (105) $ 766 $ 785 $ 799 $ 802 $ 739 $ 3,125 4.6% 4.7% 4.7% 4.7% 4.6% 4.6% —% —% 19.0% —% —% 4.2% 1.5% 2.9% 2.3% 2.4% 2.4% 2.5% 4.8% 4.8% 4.7% 4.6% 4.6% 4.6% 6.6% 6.4% 6.7% 5.5% 6.2% 6.2% 4.3% 6.4% 7.3% 8.4% 1.0 % 5.8% 34.2% 38.3% 45.1% 42.3% 41.7% 40.9% 3.6% 4.1% 3.7% 4.1% 4.5% 4.0% 5.0% 5.1% 5.2% 5.2% 4.8% 5.1% (0.2)% (0.2)% (0.2)% (0.2)% (0.2)% (0.2)% 4.8% 4.9% 5.0% 5.0% 4.6% 4.9% 2025 Policy loans Commercial mortgage loans U.S. GAAP Net Investment Income Fixed maturity securities - taxable Equity securities Fixed maturity securities - non-taxable Limited partnerships Other invested assets Gross investment income before expenses and fees Cash, cash equivalents, restricted cash and short-term investments Net investment income Expenses and fees Annualized Yields Fixed maturity securities - taxable Equity securities Fixed maturity securities - non-taxable Policy loans Commercial mortgage loans (2) Investment income for other invested assets includes amortization of terminated cash flow hedges, which have no corresponding book value within the yield calculation. (1) Limited partnership investments are primarily equity-based and do not have fixed returns by period. Yields are based on net investment income as reported under U.S. GAAP and are consistent with how the company measures its investment performance for management purposes. Yields are annualized, for interim periods, and are calculated as net investment income as a percentage of average quarterly asset carrying values except for fixed maturity securities, derivatives and derivative counterparty collateral, which exclude unrealized fair value adjustments. Limited partnerships (1) Other invested assets (2) Gross investment income before expenses and fees Cash, cash equivalents, restricted cash and short-term investments Net investment income Expenses and fees 29 U.S. GAAP Net Investment Income Yields (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

2026 1Q 4Q 3Q 2Q 1Q Total (4)$ (3)$ (4)$ (15)$ $ — (22)$ — — — 1 — 1 (17) (7) (4) (1) (2) (14) — — — (3) (2) (5) — (8) (2) — — (10) (21) (18) (10) (18) (4) (50) — — — 4 1 5 (21) (18) (10) (14) (3) (45) — 5 (3) (11) (4) (13) — — — (4) — (4) (19) 8 30 32 (14) 56 3 (17) 66 25 38 112 1 (3) (3) (20) 3 (23) 11 (4) 17 (36) 6 (17) (1) (10) 2 — 1 (7) (26) (39) 99 (28) 27 59 1 1 — 1 1 3 (25)$ (38)$ $ 99 (27)$ $ 28 $ 62 2025 Foreign corporate U.S. government, agencies and government-sponsored enterprises Realized investment gains (losses): Net realized gains (losses) on available-for-sale securities: U.S. corporate Fixed maturity securities: Foreign government Mortgage-backed securities Total net realized gains (losses) on available-for-sale securities Total net realized investment gains (losses) Net realized gains (losses) on equity securities sold Other Net investment gains (losses), gross Net investment gains (losses), net Adjustment for net investment (gains) losses attributable to noncontrolling interests Net change in allowance for credit losses on available-for-sale fixed maturity securities Write-down of available-for-sale fixed maturity securities Net unrealized gains (losses) on limited partnerships Net unrealized gains (losses) on equity securities still held Derivative instruments Commercial mortgage loans 30 Net Investment Gains (Losses) - Detail (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

Reconciliations of Non-GAAP Measures 31


 

March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 216$ 223$ 220$ 189$ 214$ 10,093$ 10,102$ 10,124$ 10,122$ 10,119$ 2.1% 2.2 % 2.2 % 1.9 % 2.1 % 456$ 461$ 453$ 461$ 504$ 10,093$ 10,102$ 10,124$ 10,122$ 10,119$ 4.5 % 4.6 % 4.5 % 4.6 % 5.0 % March 31, December 31, September 30, June 30, March 31, 2026 2025 2025 2025 2025 47$ 2$ 116$ 51$ 54$ 10,057$ 10,116$ 10,135$ 10,097$ 10,085$ 1.9 % 0.1 % 4.6 % 2.0 % 2.1 % 109$ 122$ 113$ 112$ 114$ 10,057$ 10,116$ 10,135$ 10,097$ 10,085$ 4.3 % 4.8 % 4.5 % 4.4 % 4.5 % Twelve months ended Three months ended Operating ROE (1)/(2) Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2) Operating ROE Adjusted operating income (loss), excluding Closed Block for the twelve months ended (1) Twelve Month Rolling Average ROE Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss) (2) U.S. GAAP Basis ROE (1)/(2) Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the twelve months ended (1) U.S. GAAP Basis ROE Quarterly Average ROE Net income (loss) available to Genworth Financial, Inc.’s common stockholders for the period ended (3) Operating ROE Adjusted operating income (loss), excluding Closed Block for the period ended (3) Annualized U.S. GAAP Quarterly Basis ROE (3)/(4) Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4) U.S. GAAP Basis ROE Non-GAAP Definition for Operating ROE The company references the non-GAAP financial measure entitled “operating return on equity” or “operating ROE.” The company defines operating ROE as adjusted operating income (loss), excluding Closed Block divided by average ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss). Management believes that analysis of operating ROE enhances understanding of the efficiency with which the company deploys its capital. However, operating ROE is not a substitute for net income (loss) available to Genworth Financial, Inc.’s common stockholders divided by average ending Genworth Financial, Inc.’s stockholders’ equity determined in accordance with U.S. GAAP. Quarterly average Genworth Financial, Inc.’s stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4) Annualized Operating Quarterly Basis ROE (3)/(4) (4) Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), over two consecutive quarters. (3) Net income (loss) available to Genworth Financial, Inc.’s common stockholders and adjusted operating income (loss), excluding Closed Block from page 9 herein. (2) Quarterly average Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending Genworth Financial, Inc.’s stockholders’ equity, excluding accumulated other comprehensive income (loss), for the most recent five quarters. (1) The twelve months ended information is derived by adding the four quarters of net income (loss) available to Genworth Financial, Inc.’s common stockholders and adjusted operating income (loss), excluding Closed Block from page 9 herein. Reconciliation of Operating ROE (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026 32


 

2026 U.S. GAAP Basis Expense Ratio 1Q 4Q 3Q 2Q 1Q Total (A) Acquisition and operating expenses, net of deferrals $ 213 $ 265 $ 259 $ 249 $ 236 $ 1,009 (B) Premiums $ 881 $ 886 $ 886 $ 865 $ 862 $ 3,499 (A) / (B) U.S. GAAP basis expense ratio 24% 30% 29% 29% 27% 29% Adjusted Expense Ratio Acquisition and operating expenses, net of deferrals $ 213 $ 265 $ 259 $ 249 $ 236 $ 1,009 Less: Legal settlement (recoveries) expenses (1) (42) — — — — — Less: (Gains) losses on early extinguishment of debt — (1) — — — (1) (C) Adjusted acquisition and operating expenses, net of deferrals $ 255 $ 266 $ 259 $ 249 $ 236 $ 1,010 Premiums $ 881 $ 886 $ 886 $ 865 $ 862 $ 3,499 Add: Policy fees and other income 156 152 151 157 158 618 (D) Adjusted revenues $ 1,037 $ 1,038 $ 1,037 $ 1,022 $ 1,020 $ 4,117 (C) / (D) Adjusted expense ratio 25% 26% 25% 24% 23% 25% 2025 Non-GAAP Definition for Adjusted Expense Ratio (1) Amounts in the first quarter of 2026 represent net insurance recoveries on legal costs previously incurred in connection with legal settlements in the company’s long-term care insurance products in its Closed Block segment. The company references the non-GAAP financial measure entitled “adjusted expense ratio” as a measure of its operating performance. The company defines adjusted expense ratio as acquisition and operating expenses, net of deferrals, less certain reinsurance expenses, less legal settlement (recoveries) expenses incurred in the company’s long-term care insurance products in its Closed Block segment, less (gains) losses on early extinguishment of debt divided by the sum of premiums, policy fees and other income. Management believes that the expense ratio analysis enhances understanding of the operating performance of the company. However, the adjusted expense ratio as defined by the company should not be viewed as a substitute for the U.S. GAAP basis expense ratio. 33 Reconciliation of Consolidated Expense Ratio (amounts in millions) GENWORTH FINANCIAL, INC. FINANCIAL SUPPLEMENT FIRST QUARTER 2026


 

FAQ

How did Genworth Financial (GNW) perform financially in Q1 2026?

Genworth reported Q1 2026 net income of $47 million, or $0.12 per diluted share, on total revenues of $1.78 billion. Adjusted operating income excluding Closed Block was $109 million, or $0.28 per diluted share, highlighting earnings from ongoing businesses.

What were Enact’s key results within Genworth (GNW) in Q1 2026?

Enact delivered adjusted operating income of $140 million in Q1 2026. Primary new insurance written was $12.8 billion, primary insurance in-force reached $272.5 billion, and the loss ratio was 15%, reflecting relatively low claim costs versus earned premiums.

What capital ratios did Genworth (GNW) report for Enact and the legacy insurance block?

Enact’s PMIERs sufficiency ratio was 162%, about $1.9 billion above requirements, indicating strong mortgage-insurance capital. The legacy long-term care and life insurers reported an estimated GLIC consolidated RBC ratio of 289%, lower than prior quarters due to statutory losses.

How much cash and liquidity did Genworth (GNW) hold at the parent company?

Genworth’s holding company had $166 million of cash and liquid assets at March 31, 2026, including about $50 million held for future obligations. The quarter included $99 million of Enact capital returns offset by share repurchases and benefit-related outflows.

What share repurchases did Genworth (GNW) complete in Q1 2026?

In Q1 2026, Genworth repurchased $66 million of common stock at an average price of $8.61 per share. Since the buyback program’s inception through March 31, 2026, the company has repurchased $856 million of shares at an average price of $6.35.

How did Genworth’s Closed Block long-term care and life businesses perform?

The Closed Block recorded an adjusted operating loss of $32 million in Q1 2026. Long-term care results included a $36 million pre-tax actual-versus-expected loss, higher aging-related claims, and $65 million of net insurance recoveries that partially offset adverse experience.

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