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©2021 Genworth Financial, Inc. All rights reserved. Earnings Summary April 30, 2021 First Quarter 2021
©2021 Genworth Financial, Inc. All rights reserved.
Earnings Summary April 30, 2021 First Quarter 20211 Genworth 1Q21 Earnings Presentation – April 30, 2021This presentation contains certain “forward-looking statem ents” within the meaning of the United States Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of
similar meaning & include, but are not limited to, sta tements regarding the outlook for future business and fi nancial performance of Genworth Financial, Inc.
(Genworth) and its consolidated subsidiaries. Forward-lo oking statements are based on management’s current expecta tions and assumptions, which are
subject to inherent uncertainties, risks and changes in circum stances that are difficult to predict. Actual outcomes an d results may differ materially due to global
political, economic, business, competitive, market, regulato ry and other factors and risks, including those discussed at th e end of this presentation, as well as in
the risk factor section of Genworth’s Annual Report on Fo rm 10-K, filed with the United States Securities and E xchange Commission (SEC) on February 26,
2021. Genworth undertakes no obligation to publicly up date any forward-looking statement, whether as a result of new information, future developments or
otherwise. For information regarding forward-looking statements, see the Appendix.
Non-GAAP 1And Other Items
All financial results are as of March 31,2021 unless other wise noted. For additional information, please see Gen worth’s first quarter 2021 earnings release and
financial supplement posted at genworth.com. For important information regarding the use of non-G AAP and selected operating performance measures, see the Appendix.
Unless otherwise noted, all references in this presentatio n to net income (loss), net income (loss) per share, adjust ed operating income (loss) and adjusted
operating income (loss) per share should be read as net i ncome (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 sha re, respectively .Cautionary Note Regarding Forward-Looking Statements
1 U.S. Generally Accepted Accounting Principles Genworth Net Income Of $187MM, Or $0.37 Per Diluted Share, And Adjusted Operating Income 1Of
$168MM, Or $0.33 Per Diluted Share
Executing On The Company’s Strategic Plan Following The Termination Of The Merger Agreement With
China Oceanwide Holdings Group Co., Ltd (Oceanwide)
– Completed Sale Of Genworth’s Interest In Genworth Mo rtgage Insurance Australia Limited (Genworth
Australia) During The Quarter, Resulting In Net Procee ds Of $123MM After $247MM Payment To AXA S.A.
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