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11 February 23, 2026 4Q Investor Presentation Earnings Summary
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22 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,” “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, 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 those discussed at the end of this presentation, as well as in the risk factor section of Genworth’s Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission (SEC) on February 28, 2025. Genworth 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. For information regarding forward-looking statements, see the Appendix. Non-GAAP and Other Items All financial results are as of December 31, 2025 unless otherwise noted. For additional information, please see Genworth’s fourth quarter 2025 earnings release posted at investor.genworth.com. For important information regarding the use of financial measures not based on U.S. Generally Accepted Accounting Principles (GAAP), see use of non-GAAP measures in the Appendix. Unless otherwise noted, all references in this presentation to net income (loss), net income (loss) per share, adjusted operating income (loss) and adjusted operating income (loss) per share should be read as net income (loss) available to Genworth’s common stockholders, net income (loss) available to Genworth’s common stockholders per diluted share, adjusted operating income (loss) available to Genworth’s common stockholders and adjusted operating income (loss) available to Genworth’s common stockholders per diluted share, respectively. 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 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 risk-based capital (RBC) ratio for GLIC and its consolidating life insurance subsidiaries as well as combined statutory pre-tax earnings from the legacy insurance companies, GLIC, Genworth Life and Annuity Insurance Company (GLAIC) and Genworth Life Insurance Company of New York (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 life insurance companies with internally generated capital.
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33 Financial Performance in 4th Quarter — Net income1 of $2M and adjusted operating income1,2 of $8M — Enact reported adjusted operating income of $146M1; distributed $127M in capital returns to Genworth, PMIERs sufficiency ratio3 remains strong at 162%4 — Completed Closed Block5 annual assumption updates with net unfavorable impacts of $6M to adjusted operating loss — Legacy insurance companies’6 RBC ratio7 of 300%4, and statutory pre-tax income of $71M3 in 2025 — Genworth holding company cash and liquid assets of $234M 8 at quarter-end 1 All references reflect amounts available to Genworth’s common stockholders; 2 This is a financial measure that is not calculated based on GAAP. See the Use of Non-GAAP Measures section of this presentation for additional information; 3 The Private Mortgage Insurer Eligibility Requirements (PMIERs) sufficiency ratio is calculated as available assets divided by required assets as defined within PMIERs; 4 Estimate for the fourth quarter of 2025 due to timing of the preparation and filing of statutory financial statements; 5 Beginning in the fourth quarter of 2025, the company changed its reportable segments—the Closed Block segment is comprised of long-term care insurance, life insurance and annuity products, see page 20 in the appendix for additional detail; 6 Genworth’s legacy insurance companies: GLIC, Genworth Life and Annuity Insurance Company (GLAIC) and Genworth Life Insurance Company of New York (GLICNY); 7 Risk-based capital ratio based on company action level for GLIC consolidated; 8 Includes approximately $127M of cash held for future obligations, including advance cash payments from the company’s subsidiaries
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44 Drive future growth through CareScout with innovative, consumer-focused aging care services and funding solutions Drive Growth Maintain self-sustaining, customer-centric legacy insurance companies, including the LTC1, life and annuity businesses Maintain Self-Sustainability Genworth’s Strategic Pillars Create shareholder value through Enact’s growing market value and capital returns Create Value 1 Long-term care insurance
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55 Maintain Self-Sustainability ~$34.5B estimated NPV3 achieved from LTC IFAs4 since 2012 $100M of gross incremental LTC premium approvals in 4Q 61.0% cumulative benefit reduction rate in LTC5 Drive Growth Continued CQN1 growth, with 925 matches with home care providers2 in 4Q Closed acquisition of Seniorly, accelerating CareScout’s expansion into senior living communities Care Assurance launched in October and was live in 39 states as of December 31, 2025 4th Quarter Progress on Genworth’s Strategic Pillars 1 CareScout Quality Network; 2 A match with a home care provider is identified when CareScout validates and approves an invoice from a CQN provider that demonstrates a CareScout member has received services for the first time, and the appropriate discount was applied; 3 Net present value; 4 In-force rate actions; 5 Election rate since 2012 Create Value $127M capital returns received from Enact in 4Q $94M in share repurchases executed in 4Q $790M in share repurchases executed program-to-date through December 31, 2025
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66 CareScout: Enabling Families to Understand, Find and Fund Quality Care 71M $77k <5% Americans will be age 65 or older by 20291 Nationwide annual median cost of home care 3 of Americans over age 50 have long- term care insurance 4 Addressing an underserved need… …with a comprehensive set of solutions, leveraging the most extensive LTC claims data in the industry. CareScout Quality Network Care Assessments Care Plans Ho Care Assurance Developing additional funding solutions Services Insurance 1 Source: U.S. Census Bureau estimate ; 2 Source: Administration for Community Living at LongTermCare.gov; 3 Source: CareScout’s 2024 Cost of Care Survey; 4 Source: Life Insurance Marketing and Research Association (LIMRA) estimate that only 3-4% of Americans over age 50 have long-term care insurance 70% of Americans over age 65 will need long- term care services 2
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77 52 140 284 430 576 804 950 925 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 4Q25 Care Providers: Offering quality care solutions Care Seekers: Looking for quality care solutions Scaling the CareScout Services Platform • 1 Percentage of aged 65-plus census population in the United States covered by a home care provider in the CQN Continued progress on expanded access to care providers ‒ Home care network includes 1,058 locations across 789 providers, up 60% from 12/31/24 ‒ Expanded into assisted living communities Expanded reach to additional care seekers in 4Q ‒ Access to CQN and Care Plans available nationwide, with matches made across all 50 states ‒ Pilots continue with two other carriers with closed LTC blocks and in discussion with additional partners 181 302 390 493 543 643 727 789 3/31/24 6/30/24 9/30/24 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 Number of Home Care Providers in the CQN Continues to Grow Network in all 50 states with 95%+ coverage1 +60% VPY Continued Growth in Matches Between Care Seekers and CQN Home Care Providers As of: 906 3,255+3.5x VPY
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88 Care Assurance: the Next Generation of LTC Care Assurance Increased Price Stability More conservative pricing assumptions help mitigate the need for future rate increases Care Options Home care, assisted living, adult day care, hospice Holistic Resources Wellness programs, assessments and access to the CQN: vetted providers, preferred pricing Customer Experience Digital-first, with experienced service reps providing individualized support through the policy Claims Experience Leveraging Genworth’s experience, the deepest dataset in the industry with ~$35B in LTC benefits paid1 Capital & Risk Backed by an A+ rated2 reinsurer; prudently priced for a mid-teens return with conservative assumptions Revenue Model Expands CareScout ecosystem; creates value through integration with CQN and other services Customers Leveraging more than 50 years of experience to deliver more sustainable care funding solutions through CareScout Insurance Company 1 Long-term care claims experience data for Genworth Life Insurance Company and affiliates – December 1974 through December 31, 2025; 2 A.M. Best Company, Inc. Financial Strength Rating
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99 (114) (96) (99) (24) (21) (23) 146 134 137 Adjusted Operating Income (Loss)1 ($M) 4Q25 Results Summary – Genworth Consolidated (GAAP) • 1 Reflects Genworth’s ownership excluding noncontrolling interests; 2 Actual variances from expected experience $2 $(1) $17 4Q25 4Q24 Corporate & OtherEnact Closed Block $15$8 3Q25 $116 Enact: $146M1 — Cure performance remains strong, driving reserve releases — Higher income primarily driven by a larger reserve release Closed Block: $(114)M LTC: $(159)M — Included $124M pre-tax A/E2 loss and $47M pre-tax unfavorable impact from assumption updates — Prior year included $97M pre-tax A/E loss and $20M pre-tax unfavorable impact from assumption updates Life: $13M — Reflected favorable impact from annual assumption updates — Prior year included favorable model refinement and unfavorable assumption updates Annuities: $32M — Driven by favorable impact from annual assumption updates versus an unfavorable impact in the prior year Corporate and Other: $(24)M — Loss driven by continued investment in CareScout and debt service, partially offset by favorable tax-related items Net Income1
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1010 (317) (214) (97) (98) 558 585 Adjusted Operating Income (Loss)1 ($M) 2025 YTD Results Summary – Genworth Consolidated (GAAP) • 1 Reflects Genworth’s ownership excluding noncontrolling interests 2025 2024 Enact Closed Block Corporate & Other $273$144 Enact: $558M1 — Cure performance remains strong, driving reserve releases — Lower income than the prior year primarily driven by lower reserve releases Closed Block: $(317)M LTC: $(326)M — Included $256M pre-tax A/E loss and $60M pre-tax unfavorable impact from assumption updates — Prior year included $241M pre-tax A/E loss and $69M pre-tax favorable impact from assumption updates Life: $(66)M — Reflected continued block runoff, partially offset by favorable impact from assumption updates Annuities: $75M — Driven by favorable impact from assumption updates and spread income, though lower than the prior year Corporate and Other: $(97)M — Loss included investments in CareScout and debt service expense, partially offset by favorable tax-related items Net Income1 $223 $299
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1111 Enact Segment $273 $272 $269 4Q25 3Q25 4Q24 Primary IIF1 ($B) $245 $245 $246 4Q25 3Q25 4Q24 Earned Premiums ($M) Portfolio up 2% year-over-year driven by new insurance written (NIW) and continued elevated persistency Earned premiums relatively flat to the prior quarter and prior year Primary NIW increased 2% versus the prior quarter and 8% versus prior year Primary NIW $14,048 $13,266 1 Insurance in-force $14,386
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1212 Enact Segment $18 $36 $24 4Q25 3Q25 4Q24 Benefits & Changes in Policy Reserves ($M) In February 2026, Enact announced a new share repurchase program with authorization to purchase up to $500M of common stock Enact announced an excess of loss reinsurance agreement covering the 2027 book year Estimated PMIERs sufficiency ratio was 162%, $1,919M above requirements • 1 Includes rescissions and claim denials; 2 Private Mortgage Insurer Eligibility Requirements (PMIERs), company estimate for the fourth quarter of 2025 due to the timing of the PMIERs filing; • 3 Calculated as available assets divided by required assets as defined within PMIERs Pre-tax net reserve release of $60M primarily from favorable cure performance and the lowering of claim rate expectations; prior quarter and prior year included pre-tax reserve releases of $45M and $56M, respectively Primary delinquency rate of 2.6% in line with pre-pandemic levels New delinquencies up sequentially from seasonality Continued strong cure performance Loss Ratio Primary Delqs (#) Primary New Delqs (#) Primary Paid Claims (#) Primary Cures 1 (#) 7% 24,885 13,679 287 11,889 10% 23,566 13,717 191 10,987 $1,919 $1,904 $2,052 162% 162% 167% 12/31/25 9/30/25 12/31/24 Sufficiency to PMIERs2 ($M) Net Sufficiency to Compliance Sufficiency Ratio3 15% 23,382 12,998 253 11,481
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1313 $34.5B estimated NPV2 achieved3,4 — Benefit reductions & premium increases remain most effective tool for maintaining self-sustainability and proactively addressing future risk 61%1 benefit reduction rate5 36%1 of policies6 have 5% compound inflation, down from 57% as of 1/1/14 11%1 of policies6 have lifetime benefits, down from 24% as of 1/1/14 $5.0B estimated future NPV to achieve4 — Continued focus on execution of rate action program — Developing additional options for policyholders to further reduce exposure to riskiest product features — Focused on 5% compound inflation and large benefit pools Management Actions Strengthen Resiliency in the Closed Block 34.5 5.0 39.5 12/31/25 Value of In-Force Management Actions ($B) Future Value Value Achieved •Operating as a closed system, leveraging existing $33.6B1 LTC statutory reserves and $3.6B1 capital and surplus, with no plan to contribute capital from Genworth holding company and no plan to return capital Benefit Reductions & Premium Increases •Addressing premium shortfalls through rate actions and lowering tail risk through benefit reductions 1 As of 12/31/25; 2 Net present value of in-force management actions; 3 Achieved since 2012; 4 Based on assumptions as of 12/31/25; 5 Election rates since 2012; 6 Individual LTC policies only Risk Mitigation •CareScout Quality Network (CQN) •Reducing future claim costs and mitigating inflation risk through discounts provided by CQN Risk Mitigation •Live Well | Age Well •Delaying incidence by reaching riskiest policyholders with a near-claim, needs based intervention program Risk Delay
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1414 Closed Block Annual Assumption Review •4Q25 FINANCIAL IMPACTS •LTC1 ─ Unfavorable impact from higher assumed benefit utilization to better reflect near-term experience related to cost of care inflation ─ Net favorable impact from updates to reflect certain near-term trends, including post-COVID experience, for claim terminations (favorable) and healthy life assumptions (unfavorable mortality and incidence) ─ Favorable impact from update to future rate increase approval assumptions based on recent favorable experience and to include impact from benefit reductions •Life Insurance ─ GAAP impact driven by interest rate updates for recent rate environment ─ Statutory impact included updates to prescribed statutory mortality improvement assumptions for certain term universal life and universal life policies •Annuities ─ GAAP impact reflected favorable updates to mortality ─ Statutory impact related to expenses from declining policies in force •Statutory cash flow testing margin in the legacy insurance companies remains positive Impact to GAAP Adjusted Operating Income (Loss) ($M, pre-tax) LTC $47M unfavorable Life Insurance $15M favorable Annuities $25M favorable Impact to Statutory Pre-Tax Income (Loss) ($M) LTC $12M unfavorable Life Insurance $51M favorable Annuities $7M unfavorable 1 For U.S. GAAP, impacts of LTC assumption updates are reflected in net income, whereas under statutory accounting, updates for healthy life assumptions are reflected in cash flow testing margin and updates to disabled life assumptions are reflected in statutory income
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1515 Closed Block1 Statutory Results Year-to-date statutory pre-tax income of $71M down from $378M in the prior year as the Choice II legal settlement is complete, which generated $355M of statutory pre-tax income in 2024 ─ LTC continued to benefit from premium increases and benefit reductions from IFAs, with $1.3B year-to-date through December 31, 2025. Current quarter results reflected higher claims as the block ages ─ Life insurance results included a net benefit from assumption updates of $51M compared to $75M in the prior year and favorable reserve changes from block runoff ─ Annuity results reflected a net favorable impact of $22M from equity market and interest rate performance in the variable annuity products in the current quarter compared to $47M in the prior quarter and $35M in the prior year RBC ratio was down from the prior year driven by higher required capital as the limited partnership portfolio grows, partially offset by statutory earnings in the year Statutory Pre-Tax Income (Loss)2,3 ($M) 4Q25 3Q25 4Q24 Long-Term Care Insurance (84) (75) (78) Life Insurance 60 (2) 49 Annuities 27 65 (4) Combined Statutory Pre-Tax Income (Loss) 3 (12) (33) Capital Metrics 12/31/25 9/30/25 12/31/24 Capital and Surplus2 ($B) 3.6 3.6 3.5 RBC Ratio2 300% 303% 306% Total Income From IFAs4 Premiums, Net5 Reserve Changes, Net6 Losses Excluding IFAs7 LTC Statutory Pre-Tax Income (Loss) ($M) 50 81 110 261 256 245 (395) (412) (433) 311 337 355 (84) (75) (78) 4Q25 3Q25 4Q24 1 Includes GLIC and consolidating life insurance subsidiaries; 2 Estimate for the fourth quarter of 2025 due to timing of the preparation and filing of statutory financial statements and subject to change; 3 Net 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); 4 Includes all implemented rate actions since 2012. Earned premium & reserve change estimates reflect certain simplifying assumptions that may vary materially from actual historical results, including but not limited to, a uniform rate of co-insurance & premium taxes in addition to consistent policyholder behavior over time. Actual behavior may differ significantly from these assumptions; excludes reserve updates; 5 Includes the net of premiums, premium tax, commissions and other expense; 6 Includes $13M benefit from Choice II legal settlement in 4Q24 which is net of cash payments; 7 Includes statutory pre-tax losses excluding income from in-force rate actions
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1616 Investment Portfolio Holdings1 Fixed Maturities - Investment Grade Public, 44% Fixed Maturities - Investment Grade Structured, 7% Commercial Mortgage Loans, 10% Cash & Short Term Investments, 3% Equity Securities & Limited Partnerships, 7% Other2, 5% Fixed Maturities - Non- Investment Grade, 2% Fixed Maturities - State & Political, 3% Fixed Maturities - Investment Grade Private, 19% $61.2B 1 Carrying value as of 12/31/25 for total Genworth (including Enact); 2 Other includes policy loans, bank loan investments, derivatives and other investments; 3 Mortgage-backed securities Fixed Maturities by SectorComposition of Portfolio 97% of total fixed maturities rated BBB or higherFixed maturities comprise $45.8B or 75% of total portfolio Unrealized loss position $2.4B as of 12/31/25 versus $2.2B as of 9/30/25 Commercial real estate exposure approximately 15% of total portfolio Fixed Maturity Securities Sector Fair Value ($B) % Of Total Government & Municipal 7.0 16% Residential & Commercial MBS3 2.4 5% Other Asset-Backed Securities 2.1 5% Corporate Bond Holdings: Finance & Insurance 8.8 19% Utilities 5.2 11% Energy 3.4 7% Consumer - Non-Cyclical 5.0 11% Consumer - Cyclical 1.5 3% Capital Goods 3.0 6% Industrial 1.7 4% Technology & Communications 3.4 8% Transportation 1.6 3% Other 0.7 2% Total Fixed Maturities $45.8 100%
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1717 Holding Company Cash & Liquid Assets1 1 Holding company cash & 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.; 2 Includes approximately $145M and $127M of cash held for future obligations, including advance cash payments from the company’s subsidiaries as of 9/30/25 and 12/31/25, respectively; 3 Includes $2M of share repurchases executed in 3Q25 but settled in 4Q25 9/30/25 Enact capital returns Share repurchases Net tax payments Debt service Debt retirement Other 12/31/25 (96)3 (5)(22) (18) (6) 127 ($M) $127M in capital returns from Enact received in 4Q25, including $24M from quarterly dividend and $103M in share repurchase proceeds $96M in share repurchases settled in 4Q25 with an additional $38M through February 20, 2026 Repurchased $7M in principal of debt at a $1M discount Other items include timing related cash flows and other miscellaneous items 2542 2342
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1818 Invest in long-term growth — CareScout Services: Funding to continue to support expansion to new care seekers and care providers, scale for tech-enabled platform and invest in marketing and brand awareness; acquired Seniorly in 2025 for total cash consideration of $15M — CareScout Insurance: $85M investment in 2025 to enable new product launch; future funding to support product development Return capital to shareholders — $245M in share repurchases executed year-to-date through 12/31/25, including $94M in 4Q25 — Announced new $350M share repurchase authorization in 3Q25 — 23% reduction in shares outstanding since program inception1 Opportunistically pay down debt2 — Maintaining a debt-to-capital ratio of 25% or less3 — Reduced $7M in principal outstanding in 2025; $783M outstanding holding company debt as of 12/31/25 Capital Allocation & Shareholder Returns $64 $359 $545 $590 $620 $696 $790 511 495 447 421 416 412 403 392 5/2/22 12/31/22 12/31/23 12/31/24 3/31/25 6/30/25 9/30/25 12/31/25 Total Inception-To-Date Spend ($M) Shares Outstanding (M) Share Repurchase ProgramCapital Allocation Priorities Inception of Share Repurchase Program 1 As of 12/31/25; 2 At the Genworth holding company; 3 Attributing no equity value to the Closed Block segment 1 2 3 As of:
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1919 Appendix
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2020 Beginning in the fourth quarter of 2025, the company changed its reportable segments to better align with how it currently manages its business and strategic priorities. Under the new reporting structure, the company operates its business through two reportable segments— Enact and Closed Block. The Closed Block segment is comprised of long-term care insurance, life insurance and annuity products that were previously sold under GLIC and its subsidiaries. In addition to its two reportable segments, the company discloses other business activities and operating results in Corporate and Other, including its start-up businesses, CareScout Services and CareScout Insurance. All prior period financial information has been updated to reflect the reorganized segment reporting structure. Closed Block Closed block of long-term care insurance, life insurance, and annuity products Operated as a closed system, leveraging existing reserves and capital to cover future claims and other obligations, with no expected capital contributions from nor returns to the holding company Financial Reporting Update Effective 12/31/25 Enact Leading, publicly traded U.S. private mortgage insurer providing private mortgage insurance products and services in the United States. Enact is engaged in the business of writing and assuming residential mortgage guaranty insurance. Genworth maintains ~81% ownership of Enact Corporate & Other Debt financing expenses incurred at the holding company, unallocated revenue and expenses, and other items Also includes the results of other businesses that are not individually reportable, including CareScout and certain international businesses
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2121 1 Since 2012; 2 Percentage of in-force policies that selected non-forfeiture option (NFO); 3 Percentage of in-force policies that have selected reduced benefit option (RBO) at least once since 2012; 4 Percentage of in-force policies that have always elected to pay the full rate increase premium; 5 As of December 31, 2025 on Pre-PCS through PC (Privileged Choice) Flex I and including MFMP (My Future My Plan) in GLIC and GLICNY; 6 As of December 31, 2025 on individual LTC policies in GLIC and GLICNY Closed Block LTC In-Force Rate Action Progress Approvals and Filings Cumulative Policyholder Responses1 $100M of IFA approvals on a gross incremental basis in 4Q25, bringing year-to-date total to $209M, or $1.0B on an NPV basis New filings on $124M of in-force premiums in 4Q25, bringing year-to-date total to $763M, across 31 states Paying Full Amount4 NFO2 RBO3 As of: 47.3% 41.3% 39.0% Cumulative benefit reduction rate of 61.0%5, reflects the percentage of policyholders who have taken an NFO or RBO option offered through a legal settlement or rate action Significant progress in addressing LTC tail-risk – Number of policyholders with 5% compound inflation reduced to 35.6%6, down from 57.2% as of 1/1/14 – Number of policyholders with lifetime benefits reduced to 11.3%6, down from 24.3% as of 1/1/14 30.5% 32.7% 33.9% 22.2% 26.0% 27.1% 52.7% 58.7% 61.0% 12/31/23 12/31/24 12/31/25 Approved Filings 2023 2024 2025 State Filings Approved 117 97 83 Impacted In-Force Premium ($M) 697 870 549 Weighted Average % Rate Increase Approved On Impacted In-Force 51% 39% 38% Gross Incremental Premium Approved ($M) 354 343 209 Filings Submitted 2023 2024 2025 State Filings Submitted 144 90 83 In-Force Premium Submitted ($M) 989 525 763
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2222 Closed Block LTC Claims Trends by Product – Statutory Flex, MFMP, & Group Avg Age 69 Choice II Avg Age 75 Choice I Avg Age 78 PCS II Avg Age 84 PCS I Avg Age 88 Pre-PCS Avg Age 90 237 225 211 199 183 341 331 331 317 296 638 675 738 784 808 555 625 720 826 906 253 303 380 472 549 74 86 105 125 145 2,098 2,245 2,485 2,723 2,887 2021 2022 2023 2024 2025 LTC Direct Paid Claims by Product ($M) — Paid claims on newer products continue to increase as policyholders approach peak claim age, as claims on the older products past peak claim age decline — Continued progress on rate increases and benefit reductions, as well as additional risk mitigation factors, which reduce future paid claims — LTC paid claims expected to continue to increase as the block ages, with peak claim years over a decade away
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2323 Closed Block LTC In-Force1 Policy Information 1 In-force data as of December 31, 2025 and excludes assumed business from Riversource, Travelers (through Brighthouse Financial), & Continental Life; 2 Includes policies sold in California between 2010 and 2013; 3 My Future My Plan (AARP branded product); 4 Includes rate actions implemented as of December 31, 2025; 5 Reflects both active and pending claims; 6 Includes rate increase approvals since 2007; 7 PC Flex II does not include approved rate increase in 2021 related to pooled New York product filing As of 12/31/25 Pre PCS PCS I PCS II Choice I2 Choice II PC Flex MFMP3 PC Flex II PC Flex III Total Individual Group Total Issue Years 1974-1994 1994-1997 1997-2001 2001-2007 2003-2011 2011-2014 2009-2013 2013-2017 2014+ 1999+ Annual Premium ($M)4 24 66 241 648 994 279 104 68 33 2,459 147 2,605 In-Force Lives (000s) 14 20 99 237 355 92 40 26 13 898 109 1,007 Average Attained Age 90 88 84 78 75 71 74 70 68 77 65 75 % Lifetime Benefits 55% 23% 17% 16% 8% 3% 4% 0% 0% 11% 0% 10% 5% Compound Inflation 23% 28% 30% 43% 35% 37% 48% 12% 0% 36% 3% 32% Claim Population Information as of 12/31/25 Claims Count5 2,675 4,839 13,425 14,994 10,701 955 866 192 72 48,719 1,500 50,219 % Claims Lifetime 64% 35% 31% 27% 13% 5% 5% 0% 0% 27% 0% 26% % Claims Non-Lifetime 36% 65% 69% 73% 87% 95% 95% 100% 100% 73% 100% 74% 5% Compound Inflation 22% 34% 41% 53% 44% 33% 31% 11% 0% 43% 3% 42% Average Cumulative Rate Increase Approved Through 12/31/256,7 Lifetime Benefit Period 269% 569% 717% 457% 298% 141% 78% 0% 0% 0% 0% Limited Benefit Period 106% 431% 501% 310% 225% 90% 78% 0% 0% 0% 72% Total 226% 495% 595% 364% 237% 92% 78% 0% 0% 0% 72%
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2424 Use of Non-GAAP Measures •Management evaluates performance and allocates resources based on a non-GAAP financial measure entitled “adjusted operating income (loss).” Management evaluates adjusted operating income (loss) as a key measure to assess performance and support new business initiatives because the measure more accurately reflects overall operating performance, as it minimizes the impact of macroeconomic volatility. GLIC and its subsidiaries, which comprise the Closed Block segment, are managed on a standalone basis; therefore, the company does not allocate capital to its Closed Block segment. •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. •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), 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) is not a substitute for net income (loss) determined in accordance with GAAP. In addition, the company’s definition of adjusted operating income (loss) may differ from the definitions used by other companies. •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. •The table at the end of this presentation provides a reconciliation of net income (loss) available to Genworth Financial, Inc.’s common stockholders to adjusted operating income (loss) for the three and twelve months ended December 31, 2025 and 2024, as well as the three months ended September 30, 2025 and reflects adjusted operating income (loss) as determined in accordance with accounting guidance related to segment reporting.
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2525 4Q 3Q Full Year 4Q Full Year (unaudited) (unaudited) (unaudited) (unaudited) $ 2 $ 116 $ 223 $ (1)$ 299 33 31 127 31 128 35 147 350 30 427 21 (8) 1 (5) (10) 14 155 349 35 437 33 31 127 31 128 (19) 124 222 4 309 38 (99) (62) 39 (17) (6) (3) (5) (24) (43) (1) — (1) (2) 2 — 1 — 1 12 (4) (6) (10) (3) 10 $ 8 $ 17 $ 144 $ 15 $ 273 Basic $ — $ 0.29 $ 0.54 $ — $ 0.69 Diluted $ — $ 0.28 $ 0.54 $ — $ 0.68 Basic $ 0.02 $ 0.04 $ 0.35 $ 0.04 $ 0.63 Diluted $ 0.02 $ 0.04 $ 0.35 $ 0.04 $ 0.62 Basic 396.4 408.0 409.0 425.3 433.9 Diluted(5) 396.4 413.3 414.0 431.0 439.4 Expenses related to restructuring 2024 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) 2025 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, net(3) Changes in fair value of market risk benefits attributable to interest rates, equity markets and associated hedges(2) Taxes on adjustments(4) ADJUSTED OPERATING INCOME (LOSS) Adjusted operating income (loss) per share Weighted-average common shares outstanding Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share Earnings (Loss) Per Share Data: Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss) 1 Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests of $1M, $3M, $2M and $4M for the three and twelve months ended December 31, 2025 and the three and twelve months ended December 31, 2024, respectively; 2 Changes in fair value of market risk benefits and associated hedges were adjusted to exclude changes in reserves, attributed fees and benefit payments of $(2)M, $(2)M, $(8)M, $(21)M and $(30)M for the three months ended December 31, 2025 and September 30, 2025, the twelve months ended December 31, 2025 and the three and twelve months ended December 31, 2024, respectively; 3 (Gains) losses on early extinguishment of debt were net of the portion attributable to noncontrolling interests of $2M for the twelve months ended December 31, 2024; 4Taxes on adjustments included tax expense (benefits) of $3M, $(27)M and $(24)M for the three months ended December 31, 2025 and September 30, 2025 and the twelve months ended December 31, 2025, respectively, related to a release of a portion of the valuation allowance on certain deferred tax assets; 5Under applicable accounting guidance, companies in a loss position are required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share. Therefore, as a result of the loss from continuing operations for the three months ended December 31, 2025, the company was required to use basic weighted-average common shares outstanding in the calculation of diluted loss per share for the three months ended December 31, 2025, as the inclusion of shares for performance stock units, restricted stock units and other equity-based awards of 6.0M would have been antidilutive to the calculation. If the company had not incurred a loss from continuing operations for the three months ended December 31, 2025, dilutive potential weighted-average common shares outstanding would have been 402.4M ($M, except per share amounts)
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2626 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,” “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 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); • 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 in its Closed Block segment; changes within regulatory agencies; 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 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; • 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;
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2727 Cautionary Note Regarding Forward-Looking Statements • 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 information 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 28, 2025. •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.