Genworth 2Q24 Earning Summary Presentation

2Q Investor Presentation

Earnings Summary

July 31, 2024

Highlights for the 2nd Quarter of 2024

Strategic

Continued progress on the long-term care insurance (LTC) multi-year rate action plan (MYRAP) with $138M of gross incremental premium approvals; $29.2B estimated net present value achieved from in-force rate actions (IFAs) since 2012

CareScout continued to expand the CareScout Quality Network; now available in more than 40 states and covering greater than two-thirds of the aged 65-plus Census population in the United States

Executed $36M in share repurchases in the quarter; $111M executed year-to-date through July 31, 2024, at an average price of $6.19 per share

Repurchased $12M in principal of the company's subordinated notes at a discount

Financial

Net income1 of $76M, or $0.17 per diluted share, and adjusted operating income1,2 of $125M, or $0.28 per diluted share

Enact reported adjusted operating income of $165M1; distributed $63M in capital returns to Genworth

U.S. life insurance companies' RBC3 ratio of 319%4 driven by strong statutory income

Genworth holding company cash and liquid assets of $281M5 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

4 presentation for additional information; 3 Risk-based capital ratio based on company action level for GLIC consolidated; 4 Company estimate for the second quarter of 2024 due to timing of the preparation of the filing(s); 5 Includes approximately $95M of advance cash payments from the company's subsidiaries held for future obligations.

2Q24 Results Summary - Genworth Consolidated (GAAP)

Enact: $165M1

• Continued strong loss performance
• Higher investment income with higher yields and average invested assets versus the prior year

Long-Term Care Insurance: $(29)M

• Current quarter loss reflected a remeasurement loss, including lower terminations and higher benefit utilization
• Results included favorable net investment income and net insurance recoveries

Life and Annuities: $(1)M

• Life insurance loss of $(23)M reflected favorable mortality versus prior quarter; results unfavorable to prior year from unfavorable mortality and block runoff
• Fixed annuities income of $12M reflected favorable mortality, but lower net spread income primarily from block runoff
• Variable annuity income of $10M included favorable mortality

Corporate and Other: $(10)M

• Current quarter loss down primarily driven by tax related timing items

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•1 Reflects Genworth's ownership excluding noncontrolling interests

Adjusted Operating Income (Loss)1 ($M)

(20)

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1 Insurance in-force

7•1 Includes rescissions and claim denials; 2 Private Mortgage Insurer Eligibility Requirements (PMIERs), company estimate for the second quarter of 2024 due of the timing of the PMIERs filing;

3 Calculated as available assets divided by required assets as defined within PMIERs

Proactively Managing LTC Insurance Risk

Stabilizing LTC legacy block through the MYRAP to protect claims-paying ability

8 1 Measured through June 2024 on Pre-PCS through Flex and including MFMP (My Future My Plan) in GLIC, and for more information see slide 9; 2 The third settlement impacting the company's large Choice II block remains in-process, which is expected to increase the election of non-forfeiture and reduced benefit options, similar to experience from the first two settlements impacting the company's Choice I block and the PCS I & II block, which were materially complete in 2022 and 2023, respectively

•1 Calculated as of 12/31/23; 2 As of June 30, 2024 on Pre-PCS through PC (Privileged Choice) Flex I and including MFMP (My Future My Plan) in GLIC; 3 Measured January 2014 through June 2024 on individual policies in GLIC and GLICNY

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Impact of In-Force Rate Actions on Pre-Tax LTC Statutory Earnings1,2,3

Significant continued progress on achieving the MYRAP reflected in statutory earnings through higher premiums and benefits of reserve releases from policyholders choosing to take reduced benefit options

Excluding impacts from IFAs, LTC statutory earnings reflect unfavorable experience compared to original pricing assumptions

Significant favorable impacts in 2020 - 2022 from higher mortality and lower new claim incidence driven by COVID-19

1 For additional information on the data presented, see Statutory Accounting Data on slide 2; 2 Includes total accident and health products for GLIC and consolidating life insurance subsidiaries; 3 Net gain 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 statutory pre-tax earnings excluding earnings from in-force rate actions; Note: earnings for 1H24 are subject to change

due to the timing of the filing of statutory statements

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