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1 1 November 4, 2026 3Q Investor Presentation Earnings Summary
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2 2 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); 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 Closed Block segment; any potential future judgment, recovery and/or payment 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 potential 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 27, 2026. 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 September 30, 2026 unless otherwise noted. For additional information, please see Genworth’s third quarter 2026 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-U.S. GAAP (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), adjusted operating income (loss), excluding Closed Block and adjusted operating income (loss), excluding Closed Block 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, adjusted operating income (loss), excluding Closed Block available to Genworth’s common stockholders and adjusted operating income (loss), excluding Closed Block 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 principal 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 (loss) 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.
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3 3 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 sufficiency ratio3 remains strong at 158%4 — Legacy insurance companies’5 RBC ratio6 of 274%4 — Genworth holding company cash and liquid assets of $320M7 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 September 30, 2026 due to timing of the preparation and filing of statutory financial statements; 5 Genworth’s legacy insurance companies: GLIC, GLAIC and GLICNY; 6 Risk-based capital ratio based on company action level for GLIC consolidated; 7 Includes approximately $200M of cash held for future obligations, including advance cash payments from the company’s subsidiaries
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4 4 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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5 5 Maintain Self-Sustainability $35.0B estimated NPV3 achieved from LTC IFAs4 since 20121 62.1% cumulative benefit reduction rate in LTC1,5 $44M of gross incremental LTC premium approvals in 3Q26 Drive Growth 1,532 matches2 with home care providers & senior living communities (SLCs) in 3Q26 Continued progress on integration of 2,000+ SLCs into CareScout Quality Network by year-end 2026 Care Assurance Worksite launched in 3Q26; approved in 40 states1 3rd Quarter Progress on Genworth’s Strategic Pillars 1 As of 9/30/26; 2 A 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; 3 Net present value; 4 In-force rate actions; 5 Election rate since 2012 Create Value $122M capital returns received from Enact in 3Q26 $80M in share repurchases executed in 3Q26, announced $500M expansion of program $998M in share repurchases executed program-to-date1
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6 6 CareScout: Enabling Families to Understand, Find and Fund Quality Care 71M $80k <5% Americans will be age 65 or older by 20291 Nationwide annual median cost of home care3 of Americans over age 50 have long- term care insurance4 Addressing an underserved need… …with an integrated set of solutions, leveraging the most extensive LTC claims data in the industry. 1 Source: U.S. Census Bureau estimate; 2 Source: Administration for Community Living at LongTermCare.gov; 3 Source: CareScout’s 2025 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; Note: CareScout Holdings, Inc. is a wholly owned subsidiary of Genworth Financial, Inc. (NYSE: GNW). CareScout is the marketing name for CareScout Holdings, Inc., its affiliates and entities. Affiliates and entities are solely and separately responsible for their own financial and contractual obligations. Insurance products are issued by CareScout Insurance Company, Glen Allen, VA. Certain resources and services, including the CareScout Quality Network, are offered through CareScout, LLC 70% of Americans over age 65 will need long- term care services2 ✓ CareScout Quality Network (CQN) ✓ Care Assessments ✓ Care Plans ✓ Care Assurance ✓ Care Assurance Worksite Developing additional solutions
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7 7 576 804 950 925 1,486 1,459 1,532 2,330 4,477 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 9/30/25 YTD 9/30/26 YTD Home Care Home Care + Senior Living Communities Care Providers: Offering care solutions Care Seekers: Looking for care solutions CareScout Services: Expanding Reach and Driving Match Growth • 1 As of 9/30/26; 2 Percentage of aged 65-plus census population in the United States covered by a home care provider in the CQN ‒ Year-to-date matches of 4,477 through 9/30/26, up ~2x versus prior year ‒ Continued growth in direct-to-consumer matches, supported by expansion into senior living communities Continued Growth in Matches Between Care Seekers and Care Providers Extensive Nationwide Reach Across Home Care and Senior Living Community Providers 1,227 98% Active home care locations1 Scaling senior living community network Coverage2 across all 50 states1 148 2,000+ Local advisors in major markets1 Target for senior living communities in CQN by year-end 2026
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8 8 CareScout Insurance Funding Solutions Care Assurance Increased Price Stability: conservative pricing assumptions Care Options: comprehensive care coverage Holistic Resources: wellness programs, access to services Customer Experience: digital-first, individualized support Claims Experience: leveraging Genworth’s extensive dataset Capital & Risk: strong reinsurance partner Revenue Model: value through integration with services Customers Care Assurance products leverage more than 50 years of experience to deliver more sustainable care funding solutions through CareScout Insurance Company Care Assurance Worksite ✓ Expanded distribution through employers ✓ Streamlined underwriting process to minimize friction ✓ Differentiated offering within the CareScout ecosystem ✓ Launched in 3Q26 ✓ Approved in 40 states1, including Insurance Compact Expanded Through 1 As of 9/30/26 Care Assurance
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9 9 3Q26 Consolidated Results 132 143 134 (30) (31) (21) $102 $112 $113 3Q26 2Q26 3Q25 Adjusted Operating Income (Loss), Excluding Closed Block1 ($M) Enact: $132M1 — Results included a pre-tax reserve release of $37M, reflecting favorable cure performance and loss mitigation activities, compared to $37M in the prior quarter and $45M in the prior year — Higher losses versus the prior quarter from normal seasonal trends — Higher investment income from higher yields and higher invested assets versus the prior year Corporate and Other: $(30)M — Loss primarily driven by continued investment in CareScout to fund growth in the services business and debt service — Prior year included a $7M tax benefit related to a release of a portion of the valuation allowance on certain deferred tax assets Closed Block: $(146)M — Results included a $111M pre-tax A/E2 loss, primarily from lower terminations from mortality and higher benefit utilization in LTC — Compared to the prior quarter and prior year, results were also impacted by lower net investment income $(41) $116$47Net Income (Loss)1 Closed Block Adjusted Operating Income (Loss) Enact Corporate & Other $(146) $(96)$(110) • 1Reflects Genworth’s ownership excluding noncontrolling interests; 2Actual variances from expected experience
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10 10 Enact Segment $275 $274 $272 3Q26 2Q26 3Q25 Primary IIF1 ($B) $242 $245 $245 3Q26 2Q26 3Q25 Earned Premiums ($M) Portfolio up 1% year-over-year as new insurance written (NIW) outpaced lapses and cancellations Earned premiums decreased modestly versus the prior year including from higher ceded premiums, partially offset by IIF growth Primary NIW decreased 7% versus the prior quarter as a result of higher mortgage rates Primary NIW $15,199 $14,048 1 Insurance in-force $14,106
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11 11 Enact Segment $48 $33 $36 3Q26 2Q26 3Q25 Benefits & Changes in Policy Reserves ($M) Enact entered into a quota share reinsurance agreement covering the 2028 book year Estimated PMIERs sufficiency ratio was 158%, $1,827M above requirements • 1 Includes rescissions and claim denials; 2 Private Mortgage Insurer Eligibility Requirements (PMIERs), company estimate for the third quarter of 2026 due to the timing of the PMIERs filing; • 3 Calculated as available assets divided by required assets as defined within PMIERs Pre-tax reserve release of $37M primarily from favorable cure performance and loss mitigation activities; prior quarter and prior year included pre-tax reserve releases of $37M and $45M, respectively Increase in loss ratio from normal seasonal increase in new delinquencies versus the prior quarter and lower reserve release versus the prior year Primary delinquency rate of 2.8% in line with pre-pandemic levels; continued strong cure performance Loss Ratio Primary Delqs (#) Primary New Delqs (#) Primary Paid Claims (#) Primary Cures1 (#) 20% 26,085 14,401 542 12,104 15% 23,382 12,998 253 11,481 $1,827 $1,894 $1,904 158% 161% 162% 9/30/26 6/30/26 9/30/25 Sufficiency to PMIERs2 ($M) Net Sufficiency to Compliance Sufficiency Ratio3 14% 24,330 12,299 361 12,278
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12 12 Significant progress on LTC benefit reductions & premium increases in the Closed Block1 Management Actions Strengthen Resiliency in the Closed Block •Leveraging existing $34.1B1,6,7 LTC statutory reserves and $3.3B1,7 capital and surplus, with no plan to contribute capital from Genworth holding company and no plan to return capital Benefit Reductions & Premium Increases •Lowering tail risk through benefit reductions and addressing premium shortfalls through rate actions 1 All figures presented as of 9/30/26; 2 Net present value of in-force management actions; 3 Achieved since 2012; 4 Policyholder election rates since 2012; 5 Individual LTC policies only; 6 Includes reserves for contract claims; 7 Estimate for the third quarter of 2026 due to timing of the preparation and filing of statutory financial statements 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 ~$35.0B Estimated NPV2 achieved3 62.1% Benefit reduction rate4 35.0% 5% compound inflation exposure5, down from 57.2% as of 1/1/14 10.9% Lifetime benefits exposure5, down from 24.3% as of 1/1/14 •Closed System Self-Sustainability
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13 13 Investment Portfolio Holdings1 Fixed Maturities - Investment Grade Public, 41% Fixed Maturities - Investment Grade Structured, 8% Commercial Mortgage Loans, 11% Cash & Short Term Investments, 4% Equity Securities & Limited Partnerships, 7% Other2, 5% Fixed Maturities - Non- Investment Grade, 2% Fixed Maturities - State & Political, 3% Fixed Maturities - Investment Grade Private, 19% $58.5B 1 Carrying value as of 9/30/26 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 $42.5B or 73% of total portfolio Unrealized loss position $5.4B as of 9/30/26 versus $2.9B as of 6/30/26 Fixed Maturity Securities Sector Fair Value ($B) % Of Total Government & Municipal 6.4 15% Residential & Commercial MBS3 2.3 5% Other Asset-Backed Securities 2.6 6% Corporate Bond Holdings: Finance & Insurance 8.1 19% Utilities 4.8 11% Energy 3.1 7% Consumer - Non-Cyclical 4.5 11% Consumer - Cyclical 1.4 3% Capital Goods 2.9 7% Industrial 1.5 4% Technology & Communications 3.0 7% Transportation 1.3 3% Other 0.6 2% Total Fixed Maturities $42.5 100%
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14 14 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 $81M and $200M of cash held for future obligations, including advance cash payments from the company’s subsidiaries as of 6/30/26 and 9/30/26, respectively 215 320 122 87 (80) (18) (6) 6/30/2026 Enact capital returns Share repurchases Debt retirement Debt service Other 9/30/26 ($M) $122M in capital returns from Enact received in 3Q26, including $27M from quarterly dividend and $95M in share repurchase proceeds $80M in share repurchases settled in 3Q26 with an additional $40M in October Repurchased $21M in principal of debt at a $3M discount Other items primarily include timing related cash flows from intercompany tax agreements held for future obligations 2 2
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15 15 Invest in long-term growth — CareScout Services: Ongoing funding to support the continued technology-enabled platform build-out, the addition of new products, and growth across both consumer and business-to- business channels — CareScout Insurance: $85M investment in 2025 to enable business launch; supports growth through 2026 with no additional investment anticipated this year Return capital to shareholders — $80M in share repurchases executed in 3Q26 — 27% reduction in shares outstanding since program inception1 — Announced $500M expansion of existing share repurchase program Opportunistically pay down debt2 — Maintaining a debt-to-capital ratio of 25% or less3 — Reduced $21M in principal outstanding in 3Q26, at a discount; $747M outstanding holding company debt1 Capital Allocation & Shareholder Returns $64 $359 $545 $790 $856 $918 $998 511 495 447 421 392 385 378 370 5/2/22 12/31/22 12/31/23 12/31/24 12/31/25 3/31/26 6/30/26 9/30/26 Total Inception-To-Date Spend ($M) Shares Outstanding (M) Share Repurchase ProgramCapital Allocation Priorities Inception of Share Repurchase Program 1 As of 9/30/26; 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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16 16 Appendix
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17 17 Closed Block Statutory Results LTC continued to benefit from premium increases and benefit reductions from IFAs. Mortality was favorable to the prior quarter, but unfavorable to the prior year. Claims continued to grow as the block ages. Prior quarter results reflected a benefit from net insurance recoveries of $18M and higher net investment income, primarily from limited partnerships Life insurance results included unfavorable seasonal impacts versus the prior quarter. Compared to the prior year, results included unfavorable mortality and unfavorable impacts as the block runs off Annuities results reflected $34M net favorable interest rate and equity market impacts compared to $97M in the prior quarter and $47M in the prior year. Mortality was also unfavorable compared to the prior year Current quarter estimate for GLIC consolidated RBC ratio was 274%, down from the prior quarter from the statutory loss, primarily in LTC Total Income From IFAs3 Premiums, Net4 Reserve Changes, Net Losses Excluding IFAs5 LTC Statutory Pre-Tax Income (Loss) ($M) 1 Estimate for the third quarter of 2026 due to timing of the preparation and filing of statutory financial statements and subject to change; 2 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); 3 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; 4 Includes the net of premiums, premium tax, commissions and other expense; 5 Includes statutory pre-tax losses excluding income from in-force rate actions Statutory Pre-Tax Income (Loss)1,2 ($M) 3Q26 2Q26 3Q25 Long-Term Care Insurance (151) (82) (75) Life Insurance (31) (22) (2) Annuities 39 110 65 Statutory Pre-Tax Income (Loss) (143) 6 (12) Capital Metrics 9/30/26 6/30/26 9/30/25 Capital and Surplus1 ($B) 3.3 3.4 3.6 RBC Ratio1 274% 286% 303% 73 83 81 273 261 256 (497) (426) (412) 346 344 337 (151) (82) (75) 3Q26 2Q26 3Q25
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18 18 Approved Filings 2024 2025 3Q25 YTD 3Q26 YTD State Filings Approved 97 83 48 46 Impacted In-Force Premium ($M) 870 549 270 339 Weighted Average % Rate Increase Approved On Impacted In-Force 39% 38% 40% 28% Gross Incremental Premium Approved ($M) 343 209 109 95 Filings Submitted 2024 2025 3Q25 YTD 3Q26 YTD State Filings Submitted 90 83 58 46 In-Force Premium Submitted ($M) 525 763 639 364 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 9/30/26 on Pre-PCS through PC (Privileged Choice) Flex I and including MFMP (My Future My Plan) in GLIC and GLICNY; 6 As of 9/30/26 on individual LTC policies in GLIC and GLICNY Closed Block LTC In-Force Rate Action Progress Approvals and Filings Cumulative Policyholder Responses1 $44M of IFA approvals on a gross incremental basis in 3Q26, bringing year-to-date total to $95M through 9/30/26 New filings on $265M of in-force premiums in 3Q26 across 13 states, bringing year-to-date total to $364M across 23 states Paying Full Amount4 NFO2 RBO3 As of: 41.3% 39.0% 37.9% Cumulative benefit reduction rate of 62.1%5, reflects the percentage of policyholders who have taken an NFO or RBO option offered through a legal settlement or rate action Significant progress in addressing LTC tail-risk – Number of policyholders with 5% compound inflation reduced to 35.0%6, down from 57.2% as of 1/1/14 – Number of policyholders with lifetime benefits reduced to 10.9%6, down from 24.3% as of 1/1/14 32.7% 33.9% 34.6% 26.0% 27.1% 27.5% 58.7% 61.0% 62.1% 12/31/24 12/31/25 9/30/26
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19 19 Closed Block LTC Claims Trends by Product – Statutory Flex, MFMP & Group Avg Age 70 Choice II Avg Age 76 Choice I Avg Age 79 PCS II Avg Age 84 PCS I Avg Age 89 Pre-PCS Avg Age 90 LTC paid claims expected to continue to increase as the block ages, with peak claim years over a decade away Paid claims on newer products continue to increase as policyholders approach peak claim age, as claims on the older products past peak claim age decline Claim growth resumed in second half of 2022 following a decline during the COVID-19 pandemic and continued through 2025 and into 2026 Continued progress on IFAs which reduce future paid claims through additional benefit reductions
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20 20 Closed Block LTC In-Force1 Policy Information 1 In-force data as of 9/30/26 and excludes assumed business from Riversource, Travelers (through Brighthouse Financial), & Continental Life; 2 Includes policies sold in California between 2010 and 2013; 3 My Future My Plan (AARP branded product); 4 Includes rate actions implemented as of 9/30/26; 5 Reflects both active and pending claims As of 9/30/26 Pre PCS PCS I PCS II Choice I2 Choice II PC Flex MFMP3 PC Flex II PC Flex III Total Individual Group Total Issue Years 1974-1994 1994-1997 1997-2001 2001-2007 2003-2011 2011-2014 2009-2013 2013-2017 2014+ 1999+ Annual Premium ($M)4 21 60 234 665 1,004 286 108 68 33 2,479 150 2,629 In-Force Lives (000s) 12 18 93 231 350 91 40 26 13 874 108 981 Average Attained Age 90 89 84 79 76 71 75 71 69 77 66 76 % Lifetime Benefits 56% 23% 17% 16% 8% 3% 4% 0% 0% 11% 0% 10% 5% Compound Inflation 24% 28% 30% 42% 34% 36% 48% 12% 0% 35% 3% 31% Claim Population Information as of 9/30/26 Claims Count5 2,328 4,406 13,127 15,698 11,854 1,092 1,011 219 79 49,814 1,595 51,409 % Claims Lifetime 65% 35% 30% 26% 13% 5% 5% 0% 0% 25% 0% 25% % Claims Non-Lifetime 35% 65% 70% 74% 87% 95% 95% 100% 100% 75% 100% 75% 5% Compound Inflation 24% 36% 42% 54% 43% 33% 33% 12% 0% 44% 3% 43%
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21 21 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 factor 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: • net 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 the items listed above 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.
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22 22 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) 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 company. 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. •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) and adjusted operating income (loss), excluding Closed Block for the three months ended September 30, 2026 and 2025, as well as the three months ended June 30, 2026. Management also reports revenues of its CareScout services business (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). The following table provides a reconciliation of total Corporate and Other revenues to CareScout Services revenues (amounts in millions). 3Q 2Q 3Q $ 10 $ 3 $ 15 (4) (3) (3) 7 — 15 $ 7 $ 6 $ 3 Total Corporate and Other revenues Less: intercompany eliminations Less: other revenues CareScout Services revenues 2026 2025
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23 23 Reconciliation of Net Income (Loss) to Adjusted Operating Income (Loss) & Adjusted Operating Income (Loss), Excluding Closed Block 1 Net investment (gains) losses were adjusted for the portion attributable to noncontrolling interests of $2M for the three months ended 9/30/26; 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 $(4)M, $(6)M, and $(2)M for the three months ended 9/30/26, 6/30/26 and 9/30/25, respectively; 3 The three months ended 9/30/25 included a $27M tax benefit related to a release of a portion of the valuation allowance on ce rtain deferred tax assets; 4 As a result of the loss from continuing operations for the three months ended 9/30/26, the company used basic weighted-average common shares outstanding in the calculation of diluted earnings (loss) per share for the three months ended 9/30/26, as the inclusion of 5.8 million performance stock units, restricted stock units and other equity-based awards would have been antidilutive to the calculation. Had the company not incurred a loss from continuing operations for the three months ended 9/30/26, diluted weighted-average common shares outstanding would have been 381.3 million (Unaudited) 3Q 2Q 3Q $ (41) $ 47 $ 116 30 34 31 (11) 81 147 (2) (2) (8) (9) 83 155 30 34 31 (39) 49 124 9 (37) (99) (15) (23) (3) (2) (1) — 2 2 1 1 12 (6) (44) 2 17 146 110 96 $ 102 $ 112 $ 113 Basic $ (0.11) $ 0.12 $ 0.29 Diluted $ (0.11) $ 0.12 $ 0.28 Basic $ 0.27 $ 0.29 $ 0.28 Diluted $ 0.27 $ 0.29 $ 0.28 Basic 375.5 381.3 408.0 Diluted(4) 375.5 386.3 413.3 2025 Less: net income (loss) 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) 2026 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) Expenses related to restructuring Taxes on adjustments(3) ADJUSTED OPERATING INCOME (LOSS), EXCLUDING CLOSED BLOCK ADJUSTED OPERATING INCOME (LOSS) Adjustment to exclude Closed Block segment adjusted operating (income) loss Adjusted operating income (loss), excluding Closed Block per share Net income (loss) available to Genworth Financial, Inc.’s common stockholders per share Earnings (Loss) Per Share Data: Weighted-average common shares outstanding($M, except per share amounts)
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24 24 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); 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 Closed Block segment; any potential future judgment, recovery and/or payment 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 potential 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, including reviews the company expects to complete in the fourth quarter of 2026); • 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 and/or payment amounts in the AXA and Santander litigation resulting from a successful appeal (should permission for appeal be granted), 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;
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25 25 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 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 attract, retain and motivate qualified employees or senior management, or the company’s succession plans not operating effectively; • 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, ongoing conflict between Iran and the United States, 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, including as a result of a potential Federal Housing Finance Agency (FHFA)-directed pilot program in response to a recent executive order issued by the President of the United States; • 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.