Genworth Financial Inc · NYSE:GNW
Genworth Financial — Shareholder Meeting (December 2020)
13 slides from Genworth Financial's shareholder meeting presentation, Dec 10, 2020
Slide 1: 2020 Annual Meeting Of Stockholders
2020 Annual Meeting Of Stockholders December 10, 2020 ©2020 Genworth Financial, Inc. All rights reserved.
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 United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “anticipates,” “inte
Slide 3: Genworth 2020 Annual Meeting of Stockholders
Genworth 2020 Annual Meeting of Stockholders December 10, 2020 9:00 am Local Time Call the Meeting to Order Management Presentation Proposals and Discussion Proposal 1: Election of Directors Proposal 2: Advisory Vote to Approve Named Executive Officer Compensation Proposal 3: Ratification of the Sel
Slide 4: Key Accomplishments
Key Accomplishments 2020 Year-To-Date Nearing Final Steps Of Pending Transaction With China Oceanwide Holdings Group Co., Ltd, With Merger Agreement Deadline Of December 31, 2020 Continuing To Serve Customers, While Prioritizing The Health, Well-Being And Safety Of Employees And Their Families Durin
Slide 5: 3Q20 YTD Financial Performance
3Q20 YTD Financial Performance Adjusted Operating Income (Loss) ($MM) U.S. MI Insurance In Force Growth From Strong New Insurance Written Driving 3Q20 YTD 3Q19 YTD Revenue Growth $144 $396 Increased Losses Driven By Higher New Delinquencies And Reserve Strengthening Attributable To COVID-19 Pandemic
Slide 6: 2020 Quarterly Financial Performance
2020 Quarterly Financial Performance Adjusted Operating Income (Loss) Key Capital & Liquidity Metrics ($MM) 3Q20 2Q20 1Q20 $132 $(21) $33 3Q20 2Q20 1Q20 1 U.S. MI PMIERs Sufficiency Ratio 132% 143% 142% 2 Australia MI PCA Ratio 179% 177% 178% U.S. Life Insurance Companies 240% 222% 194% 141 Consolid
Slide 7: LTC In Force Premium Rate Increases
LTC In Force Premium Rate Increases Approved Filings FY’18 FY’19 3Q’20 YTD State Filings Approved 120 116 91 Impacted In-Force Premium ($MM) 875 817 595 Weighted Average % Rate Increase Approved On Impacted In-Force 45% 41% 29% Filings Submitted FY’18 FY’19 3Q’20 YTD State Filings Submitted 97 98 14
Slide 8: Appendix
Appendix 2020 Annual Meeting Of Stockholders - December 10, 2020 7
Slide 9: Use Of Non-GAAP Measures
Use Of Non-GAAP Measures This presentation includes the non-GAAP financial measures entitled "adjusted operating income (loss)" and "adjusted operating income (loss) per share." Adjusted operating income (loss) per share is derived from adjusted operating income (loss). The chief operating decision
Slide 10: Reconciliation Of Net Income (Loss) To Adjusted Operating Income (Loss)
Reconciliation Of Net Income (Loss) To Adjusted Operating Income (Loss) ($MM) 3Q20 2Q20 1Q20 3Q20 YTD 3Q19 YTD NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS $ 418 $ (441) $ (66) $ (89) $ 360 Add: net income (loss) from continuing operations attributable to noncontroll
Slide 11: 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 12: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements • risks relating to estimates, assumptions and valuations including: inadequate reserves and the need to increase reserves (including as a result of any changes the company may make to its assumptions, methodologies or otherwise in connection with
Slide 13: Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements • operational risks including: inability to retain, attract and motivate qualified employees or senior management; ineffective or inadequate risk management in identifying, controlling or mitigating risks; the impact on processes caused by shelter
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