Genworth Financial Inc · NYSE:GNW
Genworth Financial — Q2 2026 Earnings Presentation
25 slides from Genworth Financial's earnings presentation, Aug 5, 2026
Slide 1: 2Q Investor Presentation: Earnings Summary
2Q Investor Presentation Earnings Summary August 5, 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 2nd Quarter
Financial Performance in 2nd Quarter — Net income1 of $47M, or $0.12 per diluted share, and adjusted operating income, excluding Closed Block1,2 of $112M, or $0.29 per diluted share — Enact reported adjusted operating income of $143M1; distributed $103M in capital returns to Genworth, PMIERs suffici
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: 2nd Quarter Progress on Genworth's Strategic Pillars
2nd Quarter Progress on Genworth’s Strategic Pillars Maintain Create Value Drive Growth Self-Sustainability Growth in services, with 1,459 $103M capital returns received $34.8B estimated NPV2 achieved matches1 with home care & senior from Enact from LTC IFAs3 since 2012 living community (SLC) provid
Slide 6: CareScout: Enabling Families to Understand, Find and Fund Care
CareScout: Enabling Families to Understand, Find and Fund 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 care se
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 Annual T
Slide 8: Funding Solutions: Advancing a Disciplined LTC Model
Funding Solutions: Advancing a Disciplined LTC Model Leveraging 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 assumptions ✓
Slide 9: 2Q26 Consolidated Results
2Q26 Consolidated Results Enact: $143M1 — 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 $39M in the prior quarter and $48M in the prior year 2Q26 1Q2
Slide 10: Enact Segment
Enact Segment Primary IIF1 ($B) Earned Premiums ($M) $274 $272 $270 $245 $243 $245 2Q26 1Q26 2Q25 2Q26 1Q26 2Q25 Primary NIW $15,199 $12,786 $13,254 Portfolio up 2% year-over-year driven by new insurance Primary NIW increased 19% versus the prior quarter from written (NIW) and continued elevated per
Slide 11: Enact Segment
Enact Segment Benefits & Changes in Sufficiency to PMIERs2 ($M) Policy Reserves ($M) 161% 162% 165% $33 $37 $25 $1,894 $1,919 $1,961 2Q26 1Q26 2Q25 Loss Ratio 14% 15% 10% Primary Delqs (#) 24,330 24,670 22,118 Primary New Delqs (#) 12,299 13,559 11,567 Primary Paid Claims (#) 361 280 218 6/30/26 3/3
Slide 12: Management Actions Strengthen Resiliency in the Closed Block
Management Actions Strengthen Resiliency in the Closed Block Significant progress on LTC benefit reductions & Benefit Reductions & Premium Increases premium increases in the Closed Block1 Risk Lowering tail risk through benefit reductions • Mitigation and addressing premium shortfalls through rate a
Slide 13: Investment Portfolio Holdings
Investment Portfolio Holdings1 Composition of Portfolio Fixed Maturities by Sector Fixed Maturity Securities Sector Fair Value ($B) % Of Total $61.0B Government & Municipal 7.0 15% Residential & Commercial MBS3 2.4 5% Other Asset-Backed Securities 2.5 6% Fixed Maturities Corporate Bond Holdings: - S
Slide 14: Holding Company Cash & Liquid Assets
Holding Company Cash & Liquid Assets1 ($M) 103 (62) (17) (9) 34 2152 1662 3/31/26 Enact capital Share Debt Debt Other 6/30/26 returns repurchases service retirement $103M in capital returns from Enact received in 2Q26, including $27M from quarterly dividend and $76M in share repurchase proceeds $62M
Slide 15: Capital Allocation & Shareholder Returns
Capital Allocation & Shareholder Returns Capital Allocation Priorities Share Repurchase Program 1 Invest in long-term growth Inception of Share — CareScout Services: Ongoing funding to support the continued Repurchase Program technology-enabled platform build-out, the addition of new 511 495 product
Slide 16: Appendix
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Slide 17: Closed Block Statutory Results
Closed Block Statutory Results LTC Statutory Pre-Tax Income (Loss) ($M) Statutory Pre-Tax Income (Loss)1,2 ($M) 2Q26 1Q26 2Q25 Long-Term Care Insurance (82) (40) (26) (82) (40) (26) Total Life Insurance (22) (57) 18 Annuities 110 20 89 Income From IFAs3 344 342 287 Statutory Pre-Tax Income (Loss) 6
Slide 18: Closed Block LTC In-Force Rate Action Progress
Closed Block LTC In-Force Rate Action Progress Approvals and Filings Cumulative Policyholder Responses1 2Q25 2Q26 58.7% 61.0% 61.6% Approved Filings 2024 2025 YTD YTD State Filings Approved 97 83 30 29 NFO2 26.0% 27.1% 27.3% Impacted In-Force Premium ($M) 870 549 199 210 RBO3 32.7% 33.9% 34.3% 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 LTC Direct Paid Claims by Product ($M) to increase as policyholders approach peak claim age, as claims on the older products past peak claim age decline 2,887 2,723 145 Flex, MFMP, & 125 2,485 Claim growth r
Slide 20: Closed Block LTC In-Force Policy Information
Closed Block LTC In-Force1 Policy Information Total As of 6/30/26 Pre PCS PCS I PCS II Choice I2 Choice II PC Flex MFMP3 PC Flex II PC Flex III Individual Group Total Issue Years 1974-1994 1994-1997 1997-2001 2001-2007 2003-2011 2011-2014 2009-2013 2013-2017 2014+ 1999+ 4 Annual Premium ($M) 22 62 2
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 (Unaudited) ($M, except per share amounts) 2026 2025 2Q 1Q 2Q NET INCOME (LOSS) AVAILABLE TO GENWORTH FINANCIAL, INC.’S COMMON STOCKHOLDERS $ 47 $ 47 $ 51 Add: net incom
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