Genworth Financial Inc · NYSE:GNW
Genworth Financial — Q3 2026 Earnings Presentation
25 slides from Genworth Financial's earnings presentation, Nov 4, 2026
Slide 1: 3Q Investor Presentation: Earnings Summary
3Q Investor Presentation Earnings Summary November 4, 2026 1
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation 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,”
Slide 3: Financial Performance in 3rd Quarter
Financial Performance in 3rd Quarter — Net loss1 of $41M, or $0.11 per diluted share, and adjusted operating income, excluding Closed Block1,2 of $102M, or $0.27 per diluted share — Enact reported adjusted operating income of $132M1; distributed $122M in capital returns to Genworth, PMIERs sufficien
Slide 4: Genworth's Strategic Pillars
Genworth’s Strategic Pillars Maintain Create Value Drive Growth Self-Sustainability Create shareholder value Drive future growth through Maintain self-sustaining, through Enact’s growing CareScout with innovative, customer-centric legacy market value and consumer-focused aging care insurance compani
Slide 5: 3rd Quarter Progress on Genworth's Strategic Pillars
3rd Quarter Progress on Genworth’s Strategic Pillars Maintain Create Value Drive Growth Self-Sustainability 1,532 matches2 with home care $122M capital returns received $35.0B estimated NPV3 achieved providers & senior living from Enact in 3Q26 from LTC IFAs4 since 20121 communities (SLCs) in 3Q26 $
Slide 6: CareScout: Enabling Families to Understand, Find and Fund Quality Care
CareScout: Enabling Families to Understand, Find and Fund Quality Care Addressing an underserved need… …with an integrated set of solutions, leveraging the most extensive LTC claims data in the industry. 71M Americans will be age 65 or older by 20291 of Americans over 70% age 65 will need long- term
Slide 7: CareScout Services: Expanding Reach and Driving Match Growth
CareScout Services: Expanding Reach and Driving Match Growth Care Providers: Offering care solutions Care Seekers: Looking for care solutions Extensive Nationwide Reach Across Home Care Continued Growth in Matches Between and Senior Living Community Providers Care Seekers and Care Providers 4,477 1,
Slide 8: CareScout Insurance Funding Solutions
CareScout Insurance Funding Solutions Care Assurance products leverage more than 50 years of experience to deliver more sustainable care funding solutions through CareScout Insurance Company Care Assurance Care Assurance Care Assurance Worksite Increased Price Stability: conservative pricing assumpt
Slide 9: 3Q26 Consolidated Results
3Q26 Consolidated Results Enact: $132M1 — Results included a pre-tax reserve release of $37M, reflecting Adjusted Operating Income (Loss), favorable cure performance and loss mitigation activities, Excluding Closed Block1 ($M) compared to $37M in the prior quarter and $45M in the prior year 3Q26 2Q2
Slide 10: Enact Segment
Enact Segment Primary IIF1 ($B) Earned Premiums ($M) $275 $274 $272 $242 $245 $245 3Q26 2Q26 3Q25 3Q26 2Q26 3Q25 Primary NIW $14,106 $15,199 $14,048 Portfolio up 1% year-over-year as new insurance written Earned premiums decreased modestly versus the prior year (NIW) outpaced lapses and cancellation
Slide 11: Enact Segment
Enact Segment Benefits & Changes in Sufficiency to PMIERs2 ($M) Policy Reserves ($M) 161% 162% $48 158% $33 $36 $1,827 $1,894 $1,904 3Q26 2Q26 3Q25 Loss Ratio 20% 14% 15% Primary Delqs (#) 26,085 24,330 23,382 Primary New Delqs (#) 14,401 12,299 12,998 9/30/26 6/30/26 9/30/25 Primary Paid Claims (#)
Slide 12: Management Actions Strengthen Resiliency in the Closed Block
Management Actions Strengthen Resiliency in the Closed Block Significant progress on LTC benefit reductions & Benefit Reductions & Premium Increases premium increases in the Closed Block1 Risk Lowering tail risk through benefit reductions • Mitigation and addressing premium shortfalls through rate a
Slide 13: Investment Portfolio Holdings
Investment Portfolio Holdings1 Composition of Portfolio Fixed Maturities by Sector Fixed Maturity Securities Sector Fair Value ($B) % Of Total $58.5B Government & Municipal 6.4 15% Residential & Commercial MBS3 2.3 5% Fixed Maturities Other Asset-Backed Securities 2.6 6% - State & Fixed Maturities C
Slide 14: Holding Company Cash & Liquid Assets
Holding Company Cash & Liquid Assets1 ($M) 122 (80) 87 320 2 2 (18) (6) 215 6/30/2026 Enact capital Share Debt Debt Other 9/30/26 returns repurchases retirement service $122M in capital returns from Enact received in 3Q26, including $27M from quarterly dividend and $95M in share repurchase proceeds
Slide 15: Capital Allocation & Shareholder Returns
Capital Allocation & Shareholder Returns Capital Allocation Priorities Share Repurchase Program 1 Invest in long-term growth Inception of Share — CareScout Services: Ongoing funding to support the continued Repurchase Program technology-enabled platform build-out, the addition of new 511 495 product
Slide 16: Appendix
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Slide 17: Closed Block Statutory Results
Closed Block Statutory Results LTC Statutory Pre-Tax Income (Loss) ($M) Statutory Pre-Tax Income (Loss)1,2 ($M) 3Q26 2Q26 3Q25 Long-Term Care Insurance (151) (82) (75) (151) (82) (75) Total Life Insurance (31) (22) (2) Annuities 39 110 65 Income From IFAs3 346 344 337 Statutory Pre-Tax Income (Loss)
Slide 18: Closed Block LTC In-Force Rate Action Progress
Closed Block LTC In-Force Rate Action Progress Approvals and Filings Cumulative Policyholder Responses1 3Q25 3Q26 58.7% 61.0% 62.1% Approved Filings 2024 2025 YTD YTD State Filings Approved 97 83 48 46 NFO2 26.0% 27.1% 27.5% Impacted In-Force Premium ($M) 870 549 270 339 RBO3 32.7% 33.9% 34.6% Weigh
Slide 19: Closed Block LTC Claims Trends by Product – Statutory
Closed Block LTC Claims Trends by Product – Statutory Paid claims on newer products continue to increase as policyholders approach peak claim age, as claims on the older products past peak claim age decline Flex, MFMP & Group Avg Age 70 Claim growth resumed in second half of 2022 following a decline
Slide 20: Closed Block LTC In-Force Policy Information
Closed Block LTC In-Force1 Policy Information Total 2 3 As of 9/30/26 Pre PCS PCS I PCS II Choice I Choice II PC Flex MFMP PC Flex II PC Flex III Individual Group Total Issue Years 1974-1994 1994-1997 1997-2001 2001-2007 2003-2011 2011-2014 2009-2013 2013-2017 2014+ 1999+ 4 Annual Premium ($M) 21 60
Slide 21: Use of Non-GAAP Measures
Use of Non-GAAP Measures The company uses non-GAAP financial measures entitled “adjusted operating income (loss)” and “adjusted operating income (loss), excluding Closed Block.” These non-GAAP financial measures are • evaluated by management and the company’s Board of Directors to assess performance
Slide 22: Use of Non-GAAP Measures
Use of Non-GAAP Measures Adjusted operating income (loss), excluding Closed Block is derived from adjusted operating income (loss) and excludes adjusted operating income (loss) of the company’s Closed Block segment. While • some of the excluded items may be significant components of net income (loss
Slide 23: Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss)
Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss) & Adjusted Operating Income (Loss), Excluding Closed Block 2026 2025 (Unaudited) ($M, except per share amounts) 3Q 2Q 3Q NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS $ (41) $ 47 $ 116 Add: net in
Slide 24: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements This presentation 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
Slide 25: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements • 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 v