CREATING A SUSTAINABLE FUTURE BUILT ON

2022
SUSTAINABILITYREPORT

665101C 05/16/23

Contents

10

3

11	Advancing Stakeholder Interests

Letter from the CEO
A Message from Genworth’s President
and Chief Executive Officer

4
Introduction
4	About Us
5	Strategy
6	How Genworth Acts on Key
United Nations Sustainable
Development Goals
8	2022 ESG Highlights

ABOUT THIS REPORT 		
This sustainability report details ourenvironmental, social, and corporate
governance (“ESG”) approach, in
addition to our performance, progress,
and achievements, with a particularfocus on our results in 2022. 		

Advancing Stakeholder Interests
12	Our Colleagues
13 Caring For the Culture
14	Diversity, Equity, andInclusion at Genworth
16	Our Customers
19	Our Stockholders

36

20 Our Communities

Sustaining the Environment

23	Regulators, Government Agencies,
and Policymakers

37	Sustaining the Environment

25 Highlight: Senior Sensitivity Training

40	Spotlight: Greenhouse Gases
at Genworth

26

41

Governance & Responsible
Risk Management

Conclusion & Outlook

27	Governance & Responsible Risk
28	Corporate Governance30	Risk Management
31	Data Protection at Genworth
32 Compliance and Business Ethics
33 Asset Management
35	Spotlight: Scenario Analysis
at Genworth

42	Conclusion & Outlook

43
Disclosure Data
44	Sustainability AccountingStandards Board (SASB) Index

This report also covers all aspectsof our operations, detailing ourcompany’s commitments tosustainability with references to othersupporting documents. It aligns withthe standards and framework of the
Sustainability Accounting Standards
Board (“SASB”).
We also invite you to review ourseparate Task Force on ClimateRelated Financial Disclosures Report.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

3

A Message from Genworth’s President and Chief Executive Officer
Care and compassion are among themost fundamental forms of humanexpression, fostering a sense of value
and community while creating memories
that often linger for a lifetime. Whether
it’s a parent caring for a child, loved
ones compassionately supporting eachother through challenging times, or achild caring for an aging parent – thesequalities are profoundly powerfulforces that positively shape the people
and the world around us.
At Genworth, care and compassion are at thecore of our business and guide our interactions
with our employees, policyholders, partners,
and communities. For more than 145 years, wehave been focused on helping our customers
navigate the aging journey with confidence,
enabling them to address the care needs they
may require and plan for the financial
challenges they may encounter. This year, weare excited to launch our first new business line
under the CareScout brand – a digital platformthat will permit seekers of long-term care tolearn about and compare care options andaccess a network of providers who are focusedon person-centered care. We look forward tooffering other innovative services and solutions
that enable even more individuals to haveaccess to affordable quality care as they age.
Our commitment to person-centered careextends beyond our product offerings to ourefforts to support our employees, strengthen
our communities, protect our planet, andfoster a more inclusive culture. To ensure
Genworth remains an employer of choice forour talented employees, we are committed tomaintaining a diverse, equitable, and inclusive
work environment. We have implemented
innovative hybrid and remote schedule
options that meet the needs of our large,
diverse workforce. We are also proud to offer
a new reward and recognition program that
permits “real time” acknowledgment of theinvaluable contributions our employees
continue to make to advance our strategic
priorities. We adopted a Statement on Human
Rights and were pleased to be named a 2022
Human Rights Campaign Foundation “Best
Place to Work” for LGBTQ+ Equality for thesixth consecutive year.
One of our most important priorities is ourcommitment to enrich the quality of life in
our communities by supporting health, vitality,
inclusion, and economic empowerment.
Through the Genworth Foundation and Uplift,

our outreach platforms, we have been able
to extend our very purposeful impact in ourcommunities through donations and volunteer
hours. I am proud that in 2022, Genworth
donated almost $2.3 million to organizations
that promote healthy aging and caregiving;
address affordable senior housing andhomelessness; and advance sustainable
programming to enable wellbeing.
Collectively, our employees also volunteered
3,300 hours in 2022 and donated nearly $1
million to non-profit organizations globally,
including matching gifts (over $104,000 ofwhich is attributable to employees of Enact
Holdings, Inc. (“Enact”)).
Our commitment to people and our community
is aligned with our approach to environmental
responsibility and addressing climate change.
We completed a comprehensive climate risk
assessment this year and recently published
our first Task Force on Climate-Related Financial
Disclosures (“TCFD”) report, which details
how we’re assessing climate risk across theenterprise. In 2022, we began detailed
quantitative analyses of how these risks could
affect our operations and inforce liabilities(traditional life and long-term care insurance),
work that we recently completed and arepleased to summarize in this report. We are also

committed to encouraging productive dialogue
about climate change and informing our
employees, customers, and communities about
the importance of environmental stewardship.
In addition, we announced plans to relocate ourRichmond headquarters to an existing structure,
as opposed to initiating new construction, andwill seek to incorporate environmental
efficiencies in updating its design and function.
Genworth made significant strides in 2022,
enabling us to enter 2023 with a solid
foundation for the sustainable future. I am
proud of all that we have accomplished as
we continue to ensure that our future is built
on those fundamental virtues I mentioned at
the start – compassion and care. We still havemore work to do, but I look forward to yourcontinued engagement as we strive to support
our families and loved ones, protect theenvironment, and enrich the communities
where we live and work.
With care,

Tom McInerney
President and Chief Executive
Officer of Genworth Financial, Inc.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTS

About
Us

GOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

Genworth Financial, Inc (“Genworth”) (NYSE: GNW) is a Fortune 500 company
focused on empowering families to navigate the aging journey with confidence,
now and in the future. We provide guidance, products, and services that help
people understand their caregiving options and fund their long-term care needs.
Long-Term Care (LTC): We believe aging is not
something to be endured. It is something to beembraced. We know firsthand that aging and theissues that come with growing older do not justaffect one person. They affect all of us.
Our U.S. Life Insurance business provides long-term careinsurance, which provides coverage for the care needsof individuals who require assistance with activities ofdaily living or suffer from severe cognitive impairment.
Homeownership: Our majority-owned publicly tradedsubsidiary, Enact Holdings, Inc. (“Enact”) (NASDAQ:ACT), offers private mortgage insurance that enables
borrowers to buy homes with lower down payments,
thus removing barriers to home-ownership. We protect
lenders against the risk of default to ensure that loans
with affordable down payments are broadly accessible.
Our subsidiary in Mexico, Genworth Seguros de Credito ala Vivienda, S.A. de C.V. (“Genworth Seguros”), also offers
mortgage insurance in that country.
In September 2021, we completed an initial public
offering of Enact. As of March 1, 2023, Genworth’s
ownership interest in Enact’s common shares wasapproximately 81.6%.

GENWORTH AT A GLANCE

Founded

U.S.-Based
Policies

Gross Written
Premium

1871~2.7 million$3,777 million

Richmond, VA~2,500

Employees

Primary
Locations

U.S. Life Insurance

1,994

Worldwide(including Enact)

Genworth employees

1,830

164

Total Genworth
U.S.-based employees

Total Genworthinternational employees

Headquarters: Richmond, VA
Operations: Lynchburg, VA
CareScout: Waltham, MA & New York, NY
Genworth Seguros: Mexico City, Mexico
Enact: Raleigh, NC

4

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

5Strategy
In 2022, we reexamined our mission and values, updating them to reflect
the high level of compassion and care we strive to demonstrate in ourinteractions with our colleagues, customers, and communities every day.
Our Purpose
We empower families to navigate the aging journey with confidence.

Our Vision
We are compassionate, experienced allies for those navigating
care now and in the future, with guidance, products andservices that meet families where they are in the aging journey.

Our Values
Make it human.
We instill compassion
and empathy in our
products, services, andinteractions.
Make it about others.
We lead with what’s
best for our customers.
We collaborate as
one team to drive ourshared progress.

CARESCOUT SERVICES
Make it happen.
We work with intention
and a sense of ownershiptoward a common
purpose. We forge
ways forward, together,when obstacles appear.
Make it better.
We learn from the worldand each other. We look
for and build better ways.

This year, Genworth established its new businessplatform that will provide care navigation support
and advice to existing long-term care insurance
policyholders and new customers. Aligning with its
existing sister business, CareScout Assessments – aleader in conducting clinical assessments for insurers
and consumers. The new business, CareScout Services,
will offer a digital platform where long-term care seekers
can learn about and compare care options and access a
network of providers focused on person-centered care.

It’s time to be bolder about getting older!

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA6How Genworth Acts on Key United Nations Sustainable Development Goals
No
Poverty• Contributing $75,000 in Genworth Foundation grants
focused on empowering our community’s most vulnerable
via provision of affordable and safe housing, workforce
development, and other services• Providing $50,000 to support a life insurance industry
partnership with philanthropic, private capital, andgovernment-sponsored entities focused on identifying
opportunities to invest in affordable housing inunderserved communities

Zero
HungerGood Healthand Well-being• Contributing approximately $103,000 to non-profit
organizations supporting those experiencing food insecurity• Enabling individuals to age with dignity, address their longterm care needs, and live vibrantly• Packing and funding more than 43,000 meals for Rise
Against Hunger with the help of employee volunteers;a 168% increase in packed meals over 2021

• Contributing $654,000 to non-profit organizations committed
to improving lives via health and wellness services, access to news/
arts/cultural events, and other programs, particularly focusing
on promoting mental stimulation and socialization for seniors• Donating more than 800 pounds of produce, grown in the
Genworth Gardens of our largest two worksites, to non-profit
organizations committed to feeding those in need, many ofwhom are under 150% of the federal poverty level• Funding emergency shelters and person-centered casemanagement for the unemployed and underemployed• Funding a new transportation program launched in September
2022 by the Lifelong Learning Institute of Chesterfield, VA;
342 rides provided to learners and families who expressed
their gratitude for dependable, professional transportation toenrichment classes• Supporting domestic and international home builds
through Habitat for Humanity• Supporting programs that improve engagement and target
problem behaviors in participants with advanced dementia• Sponsoring the Irish Art Center’s ACCESS Ticket Program in
New York City, which makes high-impact arts experiences
accessible to audiences of all backgrounds – regardless of
economic capacity – including senior citizens, teachers,
nurses, and students• Establishing the CARES Employee Resource Group – Caregiver,Aging, Resources, Endurance, Soundboard; provides Genworth
employees with caregiving and healthy living resources while
promoting dialogue to improve our programs and processes

INTRODUCTIONADVANCING STAKEHOLDER INTERESTS

Quality
Education• Contributing more than $420,000 to enable equitableeducational opportunities and promote lifelong learning
opportunities• Developing and delivering courses to Lifelong Learning
Institutes of Chesterfield and University of Richmond,including long-term care planning, technology, services
that improve daily living, and crafts• Sponsoring Virginia Museum of Fine Arts free family day
events to promote greater appreciation of cultures aroundthe world• Funding programs that provide college preparation andinternship opportunities for high school students• Supporting organizations that assist low-to-moderate
income families by providing high-quality early childhood
education and after-school programming, including literacy
kits for preschoolers

GOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

GenderEquality• Sponsoring the Women Business Collaborative and its mission
to spotlight the need for gender, diversity, and pay parity in theworkplace and to accelerate the advancement of women andpeople of color to serve on Boards and in the C-suite• Supporting the development of mid-career women
professionals via the Committee for Economic Developmentof The Conference Board’s Fellowship Program• Funding evidence-based programming that inspires girls tobuild their confidence and valuable life skills, including theconnection between physical and emotional health

Decent Work andEconomic Growth• Employing approximately 2,000 employees in the U.S. andinternationally, excluding our majority-owned subsidiary, Enact• Partnering with VA Ready to develop and launch a National
Retail Certification in Customer Sales & Service; course
available for enrollment in January 2023
• Sponsoring sustainable tourism that creates jobs andpromotes local culture

CONCLUSION & OUTLOOKDISCLOSURE DATA

ReducedInequalities• Providing financial and skills-based volunteerism support to
Bridging Virginia, a community development loan fundformed in 2020 to provide marginalized small businessowners with access to affordable capital and other businesssupport services• Supporting efforts to reduce evictions of low-income
homeowners and tenants

Sustainable Cities
and Communities• Supporting projects that provide accessibility modifications
and critical home safety repairs for low-income, elderly, anddisabled individuals• Funding homeowner engagement coordination program
which manages stewardship efforts to keep homes
affordable, builds and sustains relationships withhomeowners, and supports homeowner efforts toconnect with neighbors

7

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

2022 ESG Highlights
Make it human. As we advanced our strategic
objectives in 2022, we were focused on executing
with competence, compassion, and care.

Environmental Stewardship

Genworth Hires and Promotions

Our Genworth Gardens project donated more than
800 pounds of produce to organizations that support the
food insecure.

We continue to focus on building a pipeline for talent to create
more opportunities for workplace diversity and to support
greater representation within the company.

Hires

66%

42%

FEMALEETHNICALLY DIVERSE

Promotions

62%

32%

FEMALEETHNICALLY DIVERSE>800 pounds of produce

Engaged in both qualitative and quantitative analyses toassess climate risk exposure.
Decreased Scope 2 emissions by reducing electricity
consumption in our Lynchburg, Virginia data center.
Conducted internal carbon scoring, evaluating both grossemissions and carbon intensity for 70% of our public
corporate holdings.
Published inaugural TCFD Report, which describes ourconsideration of climate risk across the enterprise.
Refined processes to improve calculation and reportingof Greenhouse Gas emissions.
Updated our Environmental Policy to relay our commitment
to climate risk assessment, and describe oversight of ourenvironmental efforts.
Achieved a “B” (Management) score on 2022 CDP
submission.

CONCLUSION & OUTLOOKDISCLOSURE DATA

8

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Social Impact

Governance Principles 		

Continued our efforts to make Genworth an inclusive place towork, where people from different backgrounds, experiences,and perspectives are empowered to be themselves andcontribute their best work.

Maintained independence on our Board of Directors –Eight out of nine directors are independent as definedby the applicable rules of the New York Stock Exchange
and the Securities and Exchange Commission and by
Genworth’s Governance Principles, in addition to anindependent Board Chair.

>$2.9 million 				We contributed over $2.9 million to enrich our communities
through funding from our Foundation, sponsorships,
and employee donations.
Adopted a Statement on Human Rights as we promote a
culture that celebrates the dignity of each individual.
Named “Human Rights Campaign Foundation 2022 Best Places
to Work for LGBTQ+ Equality” for the 6th year in a row.
Genworth Seguros distinguished by the CEMFEI (Mexican
Center for Philanthropy) as a Socially Responsible Company
for the fifth consecutive year.
Established a netWORK volunteer program, which invites
employees to engage with executives while giving back to
the community.

Continued Focus on Board diversity – Four out of nine
directors are women, two out of nine are ethnically diverse,
and females hold key leadership roles – Non-Executive
Chair and 50% of Committee Chairs.
Hosted Board Education Briefings - Covered several
topics in 2022 including ESG, new accounting standards,
long-term care claim administration, and a cybersecurity
preparedness exercise. 				>$430 million 				Genworth holds more than $430 million in green, social,sustainability, and sustainability-linked bonds, with morethan $240 million of investment in hydro, wind, solar, andenergy-efficiency projects.

CONCLUSION & OUTLOOKDISCLOSURE DATA

9

OPERATING WITH CARE
To advance our business, we must further
the interests of our stakeholders. When it
comes to working with those who enable
our success – our colleagues, customers,
policyholders, and stakeholders, as wellas governmental policymakers andregulators – we embrace compassion
and collaboration in our interactions.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTS

Advancing
Stakeholder Interests
Make it about others. Every day, we work to bea trusted ally for those in need of care as they age
and the people who love them. To carry out thismission, we engage with our stakeholder groups ina variety of ways, through multiple points of contact
with each. Our overall approach stems from threecore beliefs:

GOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

11INCREASED STABILITY AT GENWORTH
Over the past year, we’ve been able to:• Reduce holding company debt, achieving our target
level of $1 billion or less
• Receive multiple ratings upgrades by each of thethree major rating agencies, reflecting the substantial
improvement in our credit profile• Make further progress in stabilizing our U.S. life
insurance business to honor our commitments toannuity, life, and long-term care insurance
policyholders• Satisfy financial conditions to remove capital
restrictions imposed by the government sponsoredenterprises (“GSEs”) on Enact which were more
stringent than those imposed on its peers• Return capital to stockholders through ourshare repurchase program• Position ourselves for growth by reinvigorating
and repositioning CareScout, our senior careservices business• Transparency: Meaningful visibility into our decision-making• Authenticity: Clear communication of our strategy, key
milestones, and planning>Retired $3 billion of debt
since 2013

• Decency: Unwavering adherence to fair dealings, integrity,
and respect
In addition, we view stakeholder collaboration as a two-way
street – we rely on feedback from consumers, industry analysts,
and government regulators to improve our products andservices, respond to market changes, and address the diverse
needs of our constituencies

TRANSPARENT INFORMATION AND FAIR ADVICE FOR CUSTOMERSIn 2021, among other things, we added capabilities that
permitted policyholders to designate family members on
their Consumer Web accounts to help them facilitate claims
activities or handle other policy maintenance events.
Building on that momentum, we launched several initiatives
in 2022 to increase transparency and access as we continue
to empower our policyholders, including:• Enabling policyholders who have chosen non-forfeiture
options (paid-up policies) to access policyholder
information and conduct transaction online• Launching the Coverage Needs Estimator, a dynamic
online tool that enables policyholders and their families
to compare their estimated future LTC benefits to estimatedcare costs in different care settings

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSOur Colleagues

GOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA12SUPPORTING OUR EMPLOYEES AS THE
PANDEMIC CONTINUESEMPOWERING OUR EMPLOYEES WITH
DEVELOPMENT AND TRAINING

Caring for the culture. Our business is driven by our
extraordinary employees, and we strive to create adiverse, inclusive, and supportive environment thatallows each one of them to do their best work.

As the COVID-19 pandemic entered its third year,
Genworth continued to support our colleagues’
physical, mental, and financial health. We established orcontinued numerous care-centric initiatives, including:

To foster the development of our internal talent
at every level of the organization, Genworth offers
a wide variety of professional and leadershipdevelopment opportunities. In 2022, we provided:

Helping our employees achieve their physical, personal, andfinancial well-being is key to Genworth’s success. To that end,
we offer comprehensive employee benefits including tuition
reimbursement, student loan repayment, and services that
promote work-life balance – paid family leave and volunteer
time off to name a few.

• Strategic management of office re-openings,
including opportunities for colleagues to continue
hybrid or remote working schedules

565

388

 irtual open enrollment
Vclasses, available toeveryone (attended by
565 learners)

Custom teamdevelopment sessions(attended by
388 colleagues)

138

42

Specialized leadershipand professional
programs (long-term,cohort-based training,
attended by 138
participants)

Intensive individual
development programs,
working with mentors
and coaches to address
specific leadershipdevelopment need(attended by 42participants)

As the pandemic continued into 2022, we maintained aparticular focus on employee wellness. We continued to offer
additional financial, health, and wellness resources, as well as
flexible work schedules to allow employees additional time forself-care and the care of family members. We also continued toallow remote work for most of our office locations, affording
our employees the flexibility to choose the arrangement thatenables them to be most productive.

• On-site medical clinics at our largest officelocation, offering on-site COVID testing andvaccine administration• Additional medical resources, including freetelemedicine• Crisis Management Time off Program, which allowed
employees unlimited time off for personal illness,
illness of a family member for whom they need tocare, time off for assisting children with virtual
learning or to care for a younger child at home
• Webinars geared towards providing information
and resources about mental health and emotional
well-being• A COVID Council to monitor ongoing trends andmake recommendations for additional pandemicrelated initiatives and policies

960

Additionally, 960 employees useddigital learning resources suchas LinkedIn Learning or self-paced
learning guides

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

Caring For the Culture
We celebrate the dignity of each individual.

Employee Feedback

Statement on Human Rights

We recognize that one of the best ways to foster a supportiveand nurturing work environment is to invite, consider, andincorporate feedback from our employees.

Respect for basic human rights is embedded in ourmultigenerational mission of helping families navigate theaging journey with confidence and our unwaveringcommitment to the wellbeing of each human being.
In 2022, we were pleased to adopt our Statement on Human
Rights as we continue to foster a culture that promotes all
internationally recognized human rights and addresses conduct
and activities that result in adverse impacts to these rights.
We invite you to view our Statement on Human Rights.

Pulse Survey
In July of 2022, we launched Genworth’s Engagement
Pulse-Check, a modernized version of an engagement survey
designed to help us identify opportunities to improve
employee engagement and performance. By collecting
feedback and data year-round, we’re able to identify the ebbs
and flows of engagement and the impact of specific events.
Features include:• A quick, five-minute completion time
• A five-point response scale for ease of analytics(Respondents choose from a scale ranging from
“Strongly Agree” to “Strongly Disagree”)• Regular summary reports provided to Human
Resources and business leaders

We achieved an Employee Net Promoter Score (eNPS) of
4.05 out of 5 on the pulse surveys we conducted throughout
2022. The eNPS assesses employee engagement, loyalty,
and satisfaction.
We are still in the process of evaluating the results from lastyear’s pulse surveys as well as those from a new Energage
survey we completed in the first quarter of 2023. However,informed by this feedback, we already have initiated a new
employee recognition program and enhanced our talentmanagement processes to incorporate considerations ofinclusiveness and belonging.

“The Mexican Center for Philanthropy’s
recognition of Genworth Seguros asa Socially Responsible Company
acknowledges our commitment tocompassion and care for our employees,
partners, community, and the environment.”
Danielle Gurrea
Chief Executive Officer, Genworth Seguro13

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

14

Diversity, Equity, and Inclusion at Genworth
Creating an open and inclusive company
culture is a significant priority for
Genworth – not only because it’s theright thing to do, but because weunderstand that embracing people fromdifferent backgrounds and experiences
helps foster creativity, embrace fresh
perspectives, and ultimately enhances
our ability to serve our customers.
We believe in living our mission to createa culture and environment where every
customer, employee, and stakeholder,no matter their race, age, ability, gender,
or affiliation can benefit from our fair,equitable, and inclusive practices.

“Our Employee Resource
Groups cultivate a sense of
belonging while promoting
cultural competence for
all Genworth employees.
NATIVE is so very pleased
to contribute to the mosaic
of our workforce.”
Linwood Richardson
NATIVE ERG Leader

Workforce Totals:

1,830

164

Total U.S. Employees:

Total International Employees:

63%

33%

40%

FEMALEETHNICALLY DIVERSEFEMALE2022 marked the sixth year that
Genworth achieved a perfect scoreon the Human Rights Campaign’s
Corporate Equality Index.

U.S. Workforce Demographics:
Executive and Senior Leadership

Middle Management

Individual Contributors

29%

16%

48%

24%

65%

35%

FEMALEETHNICALLY DIVERSEFEMALEETHNICALLY DIVERSEFEMALEETHNICALLY DIVERSEINTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

15

Employee Resource Groups (ERGs)

Women in Leadership Program

Pay Parity 					Our 13 cultural and demographic-based ERGs connect
employees with others who have similar interests orexperiences and help build an inclusive culture throughcompany-wide events, participation in our recruitment efforts,
and input into our hiring strategies. ERG leaders also
participate in Genworth’s Annual Leadership Meeting.
Our ERGs include:

We continued to grow our Women in Leadership program,which is in its second year. The program is designed to develop
top female talent across the organization. Participants in thisprogram benefit from one-on-one executive coaching andpeer learning group discussions in addition to active
engagement with the company’s senior female leadersand female members of our Board of Directors.

ASCEND
Asian Pacific

HONOR
Military and Veterans

Employee compensation is an essential component ofpromoting diversity, equity, and inclusion in our company
culture, and we are committed to fair and equitable pay
practices. By structuring our compensation package toconsider the knowledge, skills, and abilities of our employees
as well as their contributions, we can attract – and retain –top talent, which helps advance our strategic objectives.
To accomplish this, we:

INCLUSION FOR ALL• Regularly review base pay, incentive pay, and total employeecompensation

CARES
Caregivers

JUNTOS
Hispanic/Latinx

CREW
Connecting, Re-Engaging& Empowering Women

NATIVE
Native American

EPIC
Employee Participation
Inclusion Council
GAIN
Genworth’s Ability
Inclusion Network
GROW
Early Career ForumPRIDE
LGBTQ+SPEAK
Suicide Prevention Education
Advocacy & Kindness
UNITY
African American Heritage
WIT
Women in Technology

In 2022, we completed Inclusion for All, a company wide
diversity, equity, and inclusion (DEI) training program.
Designed in partnership with The People Development Team,a subsidiary of Affirmity, this program was created to boost
communication and reinforce positive behavior change tocreate an inclusive culture that strengthens collaboration,
increases innovative thinking, and allows every employee tothrive. Program topics included building diversity and inclusion
awareness and how to embed practical inclusion actions
across all levels of the company. We offered 10 different
program sessions over the course of three weeks, with a
98% participation rate across the organization. An
end-of-session evaluation, completed by 991 participants,
showed an overall positive response to the training.

• Review our compensation structures and policies to evaluate
internal equity and to ensure competitiveness in today’s
demanding marketplace• Assess individual pay increases to ensure parity among
comparable peers when a colleague earns a promotion

CARES = Caregiver, Aging, Resources,
Endurance, Soundboard
Our CARES employee resource group offers information,encouragement, and a sounding board to the caregivers andtheir supporters in our employee ranks. Hosting 19 facilitatedsessions in 2022, this ERG encouraged endurance, empathy,
and energy around an issue at the very core of our business –caregiving. We plan to leverage the meaningful experiencesand dynamic engagement of this group as we continue toadvance care-centered programs and processes.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

16

Our Customers
Caring for our customers. Every day, our suite ofproducts and services helps our customers build
sustainable financial futures – for themselves
and for their families. In 2022, we continued toprovide comprehensive services to our more thanapproximately 2.7 million annuity, life, and long-termcare insurance policy holders, while moving theneedle forward on our offerings.

Coverage Needs Estimator
In 2022, Genworth launched the Coverage Needs Estimator(CNE), a dynamic online tool that enables policyholders andtheir families to compare their long-term care insurance
benefits to estimated future median care costs in different caresettings, leveraging information gathered through Genworth’s
Cost of Care survey. Genworth’s Cost of Care survey tool allows
customers and their families to view the cost of long-term careservices across the U.S.
Over 3,400 policyholders utilized the Coverage Needs
Estimator tool from its launch in May 2022 through the end of
the year. As of February 2023, the number of users has reachedover 4,000, averaging approximately 150 visits to our website
per week to access this tool. Initial user survey results indicatedthat more than 90% of the policyholders who have used the
Coverage Needs Estimator found it easy to use and theinformation they gained from this interface helpful.

In 2022, we developed a dedicated Coverage & Care landing
page to provide tools and information to our long-termcare insurance policyholders. In addition to the CNE, we makeavailable other information to support our policyholders andtheir decision-making, including, for example, healthy living
resources from Mayo Clinic, a long-term care industry study
published by Price Waterhouse Coopers, and information on
Genworth’s future rate action plans.
• 3,409 policyholders accessed the CNE tool between
May 13 – December 31, 2022.
• An initial survey showed that more than 90% of users
found the CNE tool was easy to use and the information
it provided was helpful.

“We designed the Coverage Needs
Estimator to be a dynamic tool,
enabling policyholders to consider theinterplay between potential future carecosts, future estimated policy benefits,
and other factors in assessing theircoverage needs.”
John Belic
Senior Product Project Manager

Technology
The Operations team initiated several technological improvements
to provide more efficient services to our policyholders andmonitor their interface with our web-based tools, which permits
us to make necessary refinements.
LTC policyholders who have chosen non-forfeiture options(paid-up policies) were able to access important policy
information and conduct online transactions, capabilities
that previously were unavailable on our website. This newfeature was launched in mid-October of 2022, and by theend of the year, 668 new policyholders had registered toaccess this information.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Care and Wellness Pilots

Paperless Transactions

We are committed to supporting the well-being of our LTC
policyholders, which we believe also aligns with our businessobjectives. In 2022, we launched Care and Wellness pilots thathave reached more than 5,800 policyholders, with participation
rates exceeding 90% through the end of February 2023.

In 2022, in response to our Policyholder’s needs, we offered
even greater availability for online transactions, which also
reduces the need for paper and other products. The impactof those efforts this year include:

Our Healthy Living Plan pilot provides education modules,
via telephone, that are designed to help policyholders
implement pre-claim interventions to stay healthier and live
independently longer. This program has reached more than800 customers.
Another policyholder outreach pilot educates claimants about
their Plan of Care and benefits immediately following claim
approval, a service made available to more than 5,000
policyholders.

MyGenworth
From April 8, 2021 – December 31, 2022, 10,843 Authorized
Users registered on MyGenworth, our secure customer websitethat allows policyholders to connect with our knowledgeable
customer service representatives.

146,210>13,600

292,449>26,000transactions
completed online

documents uploaded using our“submit a document” feature

payments submitted
online (vs calling or
mailing a paper check)customers enrolled for paperless
options, which enabled them toconduct certain transactions
electronically“I am proud of the work that our over 800
operations employees perform each day totake care of our customers. In our interactions
with our customers, we are committed to workwith empathy and compassion, demonstrateownership and urgency, and most importantly,
to treat the person on the other side of thephone with the same care we expect for ourown family members.”
Jennifer Jones
Senior Vice President, Operations

CONCLUSION & OUTLOOKDISCLOSURE DATA

17

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

18

Improved Email Response Times

HiringWe have refreshed the email communication process from our
website to improve the customer experience and response
times. Now, when policyholders choose the “Contact Us”
option on the webpage, the prepopulated email form theyreceive will include the corresponding policy/claim number inthe subject line. Once submitted, the policyholder’s email will
be routed directly into a work queue for review by a customer
service representative.

Our commitment to compassionate service for ourpolicyholders is realized through the people who interact withthem. We carefully monitor staffing needs to ensure that ourcustomer-facing and processing functions are well equipped
to respond to the needs of our policyholders. In 2022, weonboarded over 200 external hires across Operations as we
encountered the need for additional policyholder support.

Policyholder Feedback

ENACT’S INAUGURALSUSTAINABILITY REPORTThe objective of our new Customer Survey program is to solicit,
collect, and analyze customer-driven, “outside-in” insights,
enabling us to identify patterns and improve customer service.
We have gained immediate insights from this feedback loop
and continue to improve our ability to harness data mining as
we identify potential opportunities for improvement.

First established as a public company in 2021, Enact sells
mortgage insurance to lenders directly and provides ongoingsupport to individuals navigating the challenges of first-time
homeownership. Although Genworth maintains a controllinginterest in Enact, our majority-owned, publicly tradedsubsidiary published its inaugural ESG report for the2022 year.
Click here to view Enact’s published report.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTOur Stockholders
Caring for our capital position. This past year,
Genworth has increased its overall stability byachieving our debt target of $1 billion or lessand receiving multiple ratings upgrades. This
improvement has led to greater agility andenhances our ability to advance our stockholders’interests. It also enables us to continue our mission
to create a more sustainable future for all.
In addition, Genworth has retired more than $3
billion of debt and other financial obligations since2013. We made progress toward stabilizing ourlong-term care business as we launched our longterm care services business.
“The Board of Directors is encouraged by
the progress Genworth made in 2022,
enabling us to build a sustainable future
on a foundation of strength, compassion,and care for our policyholders, stockholders,
employees, and communities.”
Melina Higgins
Non-Executive Chair of the Board

CREDIT RATINGS UPDATE 		BB- 					In February 2023, S&P Global Ratings (S&P) upgraded
the long-term issuer credit ratings of Genworth Financial,
Inc. and Genworth Holdings, Inc. to BB- from B+. The
outlook for the ratings remains stable.

Ba1

In March 2023, Moody’s Investors Service (Moody’s)
upgraded Genworth Holdings, Inc.’s senior unsecured
debt rating to Ba1 from Ba2.

Capital Return to Stockholders
For the first time in over 14 years, Genworth returned
capital to stockholders through its share repurchaseprogram.

CONCLUSION & OUTLOOKDISCLOSURE DATA

19

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

20Our Communities
Caring for the Community. With our five work
locations, Genworth has the unique opportunity togive back to the communities where we live, work,and serve our customers. Our collective philanthropic
efforts take many forms, from Genworth Foundation
grants and company sponsorships, to encouraging“work outside of our walls” through employee
volunteerism and support for employee giving.
Our philanthropic focus areas align with our primarybusiness platforms – healthy aging and caregiving,affordable senior housing and homelessness – as well
as overall environmental sustainability. Our 2022
Uplift contributions include:

3,300

Employee Volunteerism 					As we continued to adhere to evolving COVID-19 restrictions
and guidance, we resumed in-person volunteering in 2021. To
encourage volunteerism, employees accumulate cash rewards
for each eligible volunteer hour, up to a maximum of $200 per
year, that can be directed to the qualifying non-profit
organization of their choice. 				As our colleagues became increasingly comfortableparticipating in-person, we saw an increase in employee
volunteer engagement, including:10%

increase involunteer
participation

53%

increasein uniquevolunteers

25%

overallparticipation
rate

Nearly 3,300 hours volunteered by employees$1M

Nearly $1 million donated by employees and matched(Including $104,000 contributed by Enact employees)

730

Over 730 non-profits served globally

Employees who serve on non-profit boards are also eligible torequest a $500 donation from the Genworth Foundation to thenon-profit organization that is the beneficiary of their board
service. To encourage civic engagement, Genworth offers up to 40
hours of paid volunteer time off for full-time employees (20 hours
for part-time employees) as one of our many employee benefits.
In 2022, our employees supported their local communities bycontributing nearly 3,300 volunteer hours. This includes ourmany company-organized events, such as those held during
our four focused “weeks of service” – one during every season.

During each season, employees volunteered at Genworth‑sponsored events packing meals for the hungry; restoring
homes and building ramps and tables for those in need; using
skills to support small businesses; visiting with, writing to, or
teaching courses designed for seniors and their caregivers;
and other areas of interest. These efforts supported a varietyof organizations such as Alzheimer’s Association of Greater
Richmond, Bridging Virginia, Circle Center Adult Day Services,
Connecticut Food Share, Habitat for Humanity, Lynchburg’s Big
Brothers Big Sisters, Project Homes, United Way, and more. We
also continued our Genworth Cares Genworth Calls program,which affords employees time during the workday to reach out
to “seasoned citizens” to help combat social isolation.
In 2022, we introduced“netWORK,” Genworth’s
Executive Volunteer Event
Program, which fosters
employee engagement while
giving back. Executives
volunteer alongside otherassociates and host warm-up
or cool-down sessions,approximately 10 minutesin length, where associates
have the opportunity to
ask questions of leaders.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATAIn Focus: Genworth Foundation Giving

Genworth Giving-At-A-Glance 			Foundation Giving by Focus Area 			We proudly increased the number and size of the Foundation
grants we awarded in 2022, excluding Enact, ultimately
providing nearly $1 million in grant awards and other funding
to 67 recipients. Our areas of philanthropic focus included
Healthy Aging and Caregiving, Affordable Senior Housing andHomelessness, and Sustainability.

<$1 million$338,500>$404,000$192,500

In 2022, we launched a new philanthropic platform andrefined our grant application, and related processes. Theseadministrative enhancements permit us to track our efforts andthe corresponding impact more efficiently as we engage with
employees and community partners.

Foundation grants and other funding 		

Matching gifts, employee volunteer rewards, and otherservice donations (including over $35,000 attributable
to Enact employees)<$1.0 million

Employee donations and matching gifts to non-profits globally(including over $104,000 attributable to Enact employees)<$900,000

Sponsorships to organizations aligned with Genworth’s
philanthropic focus areas>$249,000

Contributions to non-profit organizations that are advancing
DEI in our respective communities, along with providing
other resources to further this critical work

21

Healthy Aging and Caregiving 			Affordable Senior Housing and Homelessness 		

$296,300

Sustainability 						$165,000

Other areas, including Disaster Relief

GRANTS FOR FIRST-TIME RECIPIENTSOf the 28 non-profit organizations who received one of ourRichmond Grants, eight were first-time recipients. This number
represents 29% of grants awarded, and 27% of the funds
awarded. One of these eight is Virginia Voice, whose mission is
to be “Eyes For Those Who Cannot See. Hands For Those Who
Cannot Turn Pages.” The organization connects individuals
with disabilities to news, information, community, culture,and the arts through technology and human voice, serving
approximately 11,500 individuals in central Virginia andHampton Roads. Approximately 85% of the people Virginia
Voice serves are 60 years or older.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Genworth’s Commitment to Lifelong Learning

Improving Wellbeing, Generating Smiles

In 2022, the Genworth Foundation became a founding
sponsor of the Lifelong Learning Institute (“LLI”) in Chesterfield,
Virginia’s transportation pilot program. Last year, LLI provided
342 rides via the transportation pilot program and, due to theoverwhelmingly favorable response, intends to expand theprogram in 2023 and beyond.

Genworth’s support of the Virginia Dental Association
Foundation’s (“VDAF”) Donated Dental Services (“DDS”)
program aligns with our healthy aging focus area. This program
helps eligible seniors, adults with disabilities, and the medicallyfragile maintain or achieve good oral health, which is medicallylinked to reduced instances of heart disease and stroke.
Investments like the 2022 Genworth Foundation grant helpchange the lives of thousands of individuals each year who
cannot afford essential health services or who do not haveaccess to public aid.

Additionally, several Genworth employees developed andtaught five courses, some offered on multiple occasions, to
LLI members covering a range of topics, including long-termcare planning, technology and services that improve dailyliving, and crafts.

“…You have changed my life for the better…
You all have given a piece of myself back,and with that I can live a better quality of life.”
2022 DDS Patient

CONCLUSION & OUTLOOKDISCLOSURE DATA

22

ABOUT LLI
LLI is a learning community for midlife and older
adults who are committed to ongoing educationand their own intellectual development. LLI strives tofoster a welcoming, diverse community with course
offerings covering educational, fitness, and othersocial topics taught by volunteer instructors.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

23

Regulators, Government Agencies and Policymakers
Caring for our Collaborative Partnerships.
At Genworth, we’re committed to helping
individuals live life on their own terms as they age.
In addition to the work we do every day to provide
our policyholders with the support they need innavigating their aging experiences, we also actively
engage with federal and state governments to
identify and advocate for policies that will empowerfamilies and strengthen communities. We offer
pertinent information to inform legislative andregulatory processes based on our surveys, studies,and decades of expertise in the aging and carenavigation space.

Federal and State-Level Engagement:
LTSS Financing Reform
Genworth continued participating in various initiatives relating
to long-term services and support (“LTSS”) financing reform,at both the state and federal levels. We want to continue tohelp shape the future of long-term care financing, advocating
for frameworks and systems that enable public/private
partnerships. We believe that these reforms will increase
access to long-term care coverage, especially for middle classindividuals, while also protecting programs like Medicaid for
those who can’t afford to finance potential long-term careneeds on their own.
Some of our key 2022 efforts included:• Participation in stakeholder interviews focused on private
market perspectives related to a potential federal“catastrophic” long-term care financing program• Engagement in committees and task forces considering and/or implementing state-run LTC financing programs, including
those in California and Washington• Active work in state and national industry working groups
supporting advocacy related to the development of staterun, long-term care financing programs

Political Contributions
Genworth recognizes the importance of meaningful corporate
governance practices as it relates to corporate politicalcontributions and expenditures. The Genworth Board
adopted the Policy on Corporate Political Contributions
and Expenditures to ensure that political contributions andexpenditures in the U.S. are consistent with Genworth’s corevalues and protect or enhance stockholder value.
All Corporate political contributions, along with those of
the Genworth Political Action Committee (PAC), are publishedon our website.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

24

Ongoing Long-Term Care Education Efforts

Algorithmic Accountability

National Strategy to Support Family Caregiver

We continue to use our regulatory and legislative outreach
opportunities to educate policymakers, lawmakers, andcommissioners about issues important to Genworth and thelong-term care insurance industry.

As technology evolves, regulators are carefully monitoring
how the insurance industry is using big data, artificial
intelligence, predictive modeling, and algorithms, paying
particular attention to whether use of these tools may resultin unintentional bias against protected classes. These efforts
also align with a commitment by the National Association of
Insurance Commissioners and the life insurance industry toensuring that underserved communities have access to
products that will promote financial security.

Released for the first time in 2022, the National Strategy to
Support Family Caregivers outlines actions to be taken by thefederal and state governments to support caregivers, as well asrecommendations that other stakeholders, including the private
sector, can consider doing. In response to a request for publiccomment, Genworth submitted feedback about the framework,
contributing a private sector perspective on government
support of caregivers – especially from a long-term carefinancing, care navigation, and coordination perspective. We
also highlighted the importance of including financing options
for long-term services and supports (LTSS) in future iterations of
the national strategy.

• 2022 Cost of Care Survey: In 2022, we launched our 19th
annual Cost of Care survey. This important initiative not only
provides relevant information to individuals to aid in theirplanning for potential long-term care needs, but also serves
as a powerful resource to inform policymakers as they
consider and develop solutions to address long-term carecosts and access. Prior to the official release, we proactively
sent state insurance regulatory executives the mediancost of care information for their respective states, including
how their state’s median care costs compared to themedian national costs.
• Virginia General Assembly and Capitol Hill engagement:
We arranged introductory, educational briefings with
policymakers to provide an overview of long-term careinsurance, introduce Genworth’s offerings, and engage inpolicy discussions.

In 2022, we continued our engagement in industry workstreams
to evaluate regulatory concerns and monitor state proposals
seeking to regulate the use of algorithms and consumer
data by insurers. We are leveraging learnings from thoseconversations to guide our own efforts as we strengthen ourcommitment to the informed, fair, and ethical use of thesetypes of innovations.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

Highlight: Senior Sensitivity Training
At Genworth, we’re committed to serving ourcustomers with the highest levels of compassion,care, and respect. In 2022, we developed and offereda sensitivity training course for our employees
specifically focused on different ways to connect withand care for the elderly, whether they’re a family
member, a neighbor, or one of our own customers.
The two-hour workshop helped participants gain a better
understanding of the challenges that often come as individuals
grow older, with an aging simulation that allowed participants
to walk in their shoes. The course was designed to promote
empathy, understanding, and tolerance for seniors and tooffer perspectives to inform more thoughtful communications
with them.

In 2022, approximately 200 new hires on our Claims andCustomer Service team participated in this session. We
expanded the program, with the top 150 leaders at Genworthcompleting the session in January 2023. Our Board of
Directors will soon participate in an abbreviated session, andevery associate at Genworth will attend either an in-person or
virtual workshop session in 2023.
Overall, participant feedback was overwhelmingly positive.
Participants enjoyed the unique opportunity to gain a newperspective and understanding on the experiences of many
seniors and felt they could apply the learnings, not only tointeractions with Genworth customers, but also to those withwhom they engage personally.

WORKSHOP FEEDBACK:“Oh wow, this was eye opening.”“This makes it human; you can’t ignore it.”
“Incredibly powerful session.”“This is real life, and it takes you back toyour own family.”“It really brings to life the challenges.”

25

CARING FOR COMPLIANCE AND CONTROLSAs we advance the interests of our stakeholders, we strive
every day to ensure that our actions reflect our values. Our
governance principles and oversight practices enable us
to execute confidently, operate ethically, and manage risk
effectively, as we further our commitment to a sustainable
future. By keeping our standards high, we drive economic
value – while making a positive impact on the world.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Governance & Responsible Risk Management
Every decision. Every day.
Make it happen. We’re proud to provide a wide range offinancial products and services that help people age withconfidence. Equally as important as the work we do is how
we do it.
The Guiding Principles in Integrity First, our Code of Ethics,
inform each decision we make and every interaction we have.
The Code requires that we:
1. Obey the applicable laws and regulations governing
our business conduct worldwide.
2. Sustain a culture where ethical conduct is recognized,
valued, and exemplified by all employees.
3. Be honest, fair, and trustworthy in all Genworth
activities and relationships.
4. Foster an atmosphere in which fair employment
practices extend to every member of the diverse
Genworth community.
5. Avoid all conflicts of interest between work andpersonal affairs.
6. Strive to create a safe workplace, to protect the environmentand conduct our business operations with the highest regard
for the fundamental rights of each person in our workplace,in our communities, and in our world.

The Code of Ethics, and its implementing procedures,
applies not only to our employees, but to members of our
Board of Directors, suppliers, and other third parties who
work on our behalf.
Each year, Genworth employees are required toacknowledge their understanding of and compliance withthe responsibilities and policies in Integrity First, including
the obligation to report possible violations of law or a
Genworth policy through one of the available Genworth
channels, including the confidential Ombuds network.

Creating a Transparent, Accountable, andResponsible Corporate Culture
Fostering a open, safe environment for the individuals thatchoose to work for us, where each can contribute fully andfeels empowered to ask questions and raise concerns, isessential to our continued success. We strive to create thisculture by:• Emphasizing the importance of company-wide oversight,
enabling us to function effectively in a dynamic legal andregulatory environment.
• Establishing a confidential ombuds network as well as
multiple other channels through which employees canshare concerns or report potential violations.
• Respecting privacy, handling concerns with discretion,
and adhering to a strict non-retaliation policy as part ofour complaint handling process.

CONCLUSION & OUTLOOKDISCLOSURE DATA

27

INTRODUCTIONADVANCING STAKEHOLDER INTERESTS

Corporate Governance
Our Board of Directors is composed of individuals
with a wide variety of qualifications, expertise,and experience relevant to our business who havedemonstrated leadership, sound judgment, andintegrity. We’ve created a governance frameworkthat ensures we have a culture of management
accountability, which allows us to uphold Genworth’scommitment to corporate responsibility as wellas protect the interests of our stakeholders.
Our Board includes four standing committees thatshare responsibility for management oversight toassure that the long-term interests of our stockholders
and other stakeholders are being served.

STANDING COMMITTEES OF THE
GENWORTH BOARD
Audit
Management Development and Compensation
Nominating and Corporate GovernanceRisk Management

GOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Our Board completes an annual self-evaluation, overseen by
the Nominating and Corporate Governance Committee. Thisevaluation focuses on the Board’s current effectiveness as well
as opportunities for growth and improvement.
The Nominating and Corporate Governance Committee also
oversees our ESG policies and practices and regularly reviews
our sustainability platform, including our Environmental Policy
and procedures. This committee also reviews our politicalcontributions along with public disclosure regarding thesecontributions as well as our philanthropic programming.
The Risk Committee of Genworth’s Board is responsible foroversight of enterprise risk management, our information
technology and information security programs, and ourinvestment portfolio and strategy, among other things. This
committee considers climate-related risks in its assessmentsof standard operational risks, including risks related to theregulatory environment, technology, and Genworth’s
reputation. In 2022, the Board’s Risk Committee reviewed therisk framework management developed to assess qualitativeand quantitative climate risk exposures.

Board Education
In addition to completing initial orientation sessions, ourdirectors regularly receive special briefings on topics ofparticular importance to the company. Each also is encouraged
to participate in external educational courses and seminars.
In 2022, we hosted Board education sessions on several topics
including ESG, new accounting standards, and LTC claim
administration in addition to conducting a cybersecurity
preparedness exercise.

CONCLUSION & OUTLOOKDISCLOSURE DATAGENWORTH BOARD OF
DIRECTORS COMPOSITION

4 of 9Women

2 of 9EthnicallyDiverse8 of 9

Independent

28

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Genworth Board of Directors
G. Kent Conrad

Karen E. Dyson

Jill R. Goodman

Former U.S. Senator
representing theState of North Dakota

Lieutenant General,
U.S. Army, Retired

Managing Director,
Foros Advisors, LLC

Melina E. Higgins

Thomas J. McInerney

Howard D. Mills, III

Former Partner at
The Goldman Sachs Group

President andChief Executive Officer ofGenworth Financial, Inc.

Executive Vice President of
Business Development andExternal Affairs, beeXact

Robert P. Restrepo Jr.

Elaine Sarzsynski

Ramsey D. Smith

Former Chairman, President
and Chief Executive Officerof State Auto Financial
Corporation Services, Inc.

Former Chairwoman,
Chief Executive Officer
and President of Mass
Mutual International

Founder and CEO,ALEX.fyi

CONCLUSION & OUTLOOKDISCLOSURE DATA

29

BUSINESS PARTNERSHIPS AND VENDORRELATIONSHIPSAt Genworth, we recognize that our impact is not solely driven
by our own actions – but those of our business partners andvendors. That’s why we insist that all organizations that choose
to work with us comply with our Code of Ethics.
In 2022, we also hired a Supplier Diversity Leader who has
developed a robust platform to identify, consider, evaluate,
and monitor diverse supplier engagement and spend.

“We believe sustainability is everyone’s
responsibility, and we seek to engage
with like-minded suppliers.”
Kevin Green
Genworth Financial
Sourcing and Supply Management Leader

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Risk Management
Reviewing, managing, and mitigating risk is an
important aspect of our continued success.

OUR ESTABLISHED ENTERPRISE RISKMANAGEMENT FRAMEWORK IS COMPRISED
OF MANY FACETS, INCLUDING:

Along with the Board’s Risk Committee, senior management
focuses particular attention on the risk areas we have identified
as our most significant:CreditMarketInsurance

Housing

Risk policies
Risk tolerances
Business strategy and planning

Operational

Model

Technology (IT)GovernanceRisk quantification

Climate Risk

Enterprise-wide stress testing

We utilize our Enterprise Risk Management framework toassess climate impact risks and have initiated a multi-phaseclimate risk management process, which includes a series ofrisk assessments and scenario analyses that we began in 2022.
We invite you review our 2022 TCFD Report – First Quarter
2023 Update more information.

See Genworth’s 2022 Form 10-K Part I – Item I – Business –Risk Management for additional information regarding risk
management.

CONCLUSION & OUTLOOKDISCLOSURE DATA30

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Data Protection at Genworth
In today’s increasingly digital world, protecting ourown data – and that of our customers and business
partners – is essential. Genworth recognizes thesignificant operational risks, including risk of losses,
from cyberattacks and the importance of a strong
cybersecurity program for effective risk management.
Genworth recognizes the significant operational risks, including
risk of losses, from cyberattacks and the importance of a strong
cybersecurity program for effective risk management.
Our program employs various controls and policies tosecure our operations and information including monitoring,
reporting, managing, and remediating cybersecurity threats.
Key features of the program include access controls, security
training, dedicated security personnel, security event
monitoring, and when necessary, consultation with thirdparty data security experts.

Our IT security program, which is regularly updated to alignwith best practices and industry guidelines, includes:• Written IT policies and standards designed to guard theintegrity of our institutional, commercial, and private
customers’ personal information• Regular external and internal reviews of our data protection
practices• A robust suite of IT security products that enable us to
manage cybersecurity risk within the organization andalternate sites where business is conducted
Additionally, we have procedures for reporting and responding
to potential security incidents as well as determining applicabledisclosure requirements.

CONCLUSION & OUTLOOKDISCLOSURE DATA

31

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

32

Compliance and Business Ethics
We have implemented a robust complianceprogram that addresses critical topics
including money laundering prevention,
anti-bribery, anti-corruption, insider trading,conflicts of interest, and reporting integrityor ethical concerns.
Genworth is committed to ethical businesspractices, including responsible marketingand clear communications about necessary
premium rate actions.

Responsible Marketing

Managing Necessary Rate Actions

Our advertising materials are subject to rigorous compliancereview to ensure that they comply with all regulatory
requirements. Our market conduct policies and procedures
are reviewed at least annually and subject to internal controls
to monitor compliance. We also file marketing materials with
the Interstate Insurance Product Regulation Commission or
directly seek approval in states where required to do so.

Our long-term care insurance policies often cover periods ofmore than 30 years. Assumptions about the number and costof claims, that would not be initiated until decades later, weremade in good faith when these policies were initially priced.
However, many of those assumptions have evolved as boththe cost of and demand for care have exceeded what was
originally priced and anticipated.

For individual long-term care insurance sales, agents are
required to request suitability information from consumers
that includes, at a minimum, a completed NAIC-designed
Personal Worksheet. This Personal Worksheet compiles
important information through questions that help us, alongwith our applicants, review the suitability of our productrelative to their needs.

Insurance companies, including ours, have incurred significant
losses as a result, and many companies have left the market.
Yet, we remain committed to identifying solutions to help
individuals address their future long-term care needs. We
continue to file for premium rate increases on certain in-force
long-term care insurance policies to stabilize our legacy
business, enabling Genworth to meet our obligations topolicyholders.

We also provide the Personal Worksheet to consumers
applying for coverage through LTC employer group plans.
Finally, all long-term care insurance applicants (individualand group) receive the NAIC Shopper’s Guide to Long-TermCare Insurance (or the specific state-required equivalent),
an Outline of Coverage, and other important information to
help ensure consumers understand the type of coverage they
are purchasing.

We are mindful of the difficulty some policyholders may face
as we implement premium rate increases and are providing
a wide range of reduced benefit options that allow mostpolicyholders to partially or completely mitigate the impactof these increases while still maintaining meaningful benefits.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Asset Management
We understand that sustainability begins with our
fiduciary responsibility to honor the promises to ourpolicyholders. Accordingly, we pursue investment
opportunities that we deem supportive of ESG
considerations yet also fall within our core investment
parameters and provide sustainable market returns.
We have adopted an Investments ESG Policy Statement thatprovides guidelines to staff and management on incorporating
ESG considerations as part of our underwriting. We also haveestablished a management-level Investments ESG Committee,
which includes, among others, the heads of our Investment
Risk, Credit, and Portfolio Management areas.
We have adopted an integrated approach to ESG
considerations. ESG factors provide key inputs into ourunderwriting process and inform important considerations in
the risk/reward analysis we conduct in our investment decisionmaking. Proper assessment of these factors can help reduceinvestment risk and enhance long-term returns, enabling us
to serve the needs of our policyholders. Our strategy is not
exclusionary, as we believe an engagement-based approach
is more productive.

Once a security is in the portfolio, our Investments teamperforms regular ESG assessments. We also conduct periodic
reviews of the ESG policies of our external managers andindependent advisors working in emerging markets, alternative
assets, and middle market loans. All of our external asset
managers are UN PRI signatories and have ESG policies.
We have also implemented a framework to assess our portfolio
and calculate a discrete ESG score for all our corporate andmunicipal bond holdings, covering 80% of our total bondportfolio, as of the fourth quarter 2022. The ESG score in hightransition risk sectors is based on information collected on thecompanies we hold in our portfolio, such as emissions, energy
usage, emissions reduction targets, climate transition plans,
TCFD disclosures, etc. and is used to guide investment decisions.
As of December 31, 2022, Genworth held more than $430
million in green, social, sustainability, and sustainability-linked
bonds, with more than $240 million of investment in hydro,
wind, solar, and energy-efficiency projects.

CONCLUSION & OUTLOOKDISCLOSURE DATA

33

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Short- and Long-Term Invested Assets By Sector*

Stock and Bond Investments By Industry*

StocksFinance and Insurance$ 11,591,718,570

23%

Public Administration

9,764,636,635

19%

Utilities

9,052,941,161

18%

Manufacturing

8,820,806,376

17%

Information

2,639,108,857

5%Real Estate and Rental and Leasing

2,438,198,746

5%Retail Trade

1,914,130,645

4%Transportation and Warehousing

1,697,812,347

3%

Professional, Scientific, and Technical Services

1,663,951,327

3%

1,047,635,821

2%$318,562,389

Common Stock250,927,560

Common Stock – Foreign

7,230,520

Preferred Stock

60,404,310

Short-Term Bonds$0Commercial Paper
Long-Term Bonds

0.62%

0.00%

0
$50,909,090,893

U.S. Gov't

99.38%

3,386,136,767

Non-U.S Gov't

701,624,387

State and Political Subdivisions

2,744,744,415

Wholesale Trade

Other Bonds (U.S.)

29,453,500,821

Accommodation and Food Services

279,115,750

1%

Other Bonds (Non U.S.)

8,694,253,253

Mortgage-Backed Securities (Residential)

1,047,743,655

Administrative and Support and Waste
Management and Remediation

138,474,980

0%

Mortgage-Backed Securities (Commercial)

2,181,964,557

Arts, Entertainment, and Recreation

120,002,909

0%

Other Asset-Backed Securities

2,212,424,388

Construction

3,7003,577

0%

12,115,581

0%

10,000,000

0%$ 51,227,653,282

100.00%Bank Loans

471,554,197

Educational Services

Mortgage-Backed Securities Derivatives

15,144,452

Mining, Quarrying, and Oil and Gas Extraction

Grand Total*$51,227,653,282

Grand Total* Represents 99.73% of overall asset base that supports our primary legal entities* Represents 99.73% of overall asset base that supports our primary legal entities

Short- and Long-Term Derivatives By Asset Class*Mortgage Loans on Real Estate

Short-Term

Office$1,579,086,794

5,328,050

Industrial

1,450,711,834

5,328,050

Retail

2,914,361,993

Equity Call Options
Short-Term Total$Long-Term
Cross Currency Swaps

20,111,619

Equity Call Options

389,911

Interest Rate Swaps(497,888,670)

Long-Term Total$(477,387,140)

Grand Total*$(472,059,089)* Excludes Holding Company derivatives and embedded derivatives within insurance products

Apartment

550,472,684

Mixed Use

370,958,381

Other

149,252,961

Grand Total$ 7,014,844,646

Note: Does not include real estate held of approximately $11,739,171

CONCLUSION & OUTLOOKDISCLOSURE DATA

34

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

35

Spotlight: Scenario Analyses at Genworth
At Genworth, it’s important for us to have acomprehensive view of our resilience, understandthe materiality of any potential risks, and explore
mitigation options to address the potential impactsof climate. In 2022, we first completed a qualitative
analysis of our U.S. Life Insurance business’traditional life and LTC insurance inforce liability
portfolios. We also began work on quantitative
hypothetical scenario analyses with the assistanceof an independent consultant.
We assessed Genworth’s physical operations and the U.S. Life
Insurance business’ traditional life and LTC insurance inforce
liability portfolios to test resilience to the potential impact ofclimate change. We plan to use the results of these analyses toinform our thinking and decisioning related to these risks.

Methodology
The analyses utilized two Intergovernmental Panel on Climate
Change (IPCC) scenarios – SSP 1-2.6 and SSP 5-8.5, which
contemplate 1.8˚C and 4.4˚C surface temperature rises
respectively by 2081–2100 (relative to preindustrial levels),to enable the widest range of results.

The operational assessment evaluated five perils, including
both acute (flood, tropical cyclone, and wildfire) and chronic(drought and heat stress) risks over multiple time horizons
through 2050, to provide insights on the present and futurerisk areas. The analysis included an evaluation of office andsupplier locations, in addition to other location-specificconsiderations.
To conduct the quantitative scenario analysis of the traditional
life and long-term care insurance inforce liability portfolios, theindependent consultant used the two IPCC scenarios noted
above and key statistics from academic research focused on
extreme heat and worsening air quality to generate stresses tosome key mortality and morbidity assumptions. The stresses onthese assumptions were evaluated through 2081, which aligns
the time frame contemplated by the analysis with the 60-year
liability projection period for our traditional life and long-termcare products, to assess the potential net impact and financial
materiality, given the hypothetical scenarios.

Initial Findings
The analysis of our inforce liability portfolios indicated that thepotential aggregate impact from these stressed assumptions
appear to partially offset each other for our long-term care andlife insurance products. Because the peak claims years for our
long-term care legacy policies are expected to occur muchsooner than 2081 (the ultimate long time horizon contemplatedby the analysis), our book of business is less vulnerable to more
severe climate change impacts based on the assumptions
considered in this analysis.

Compared to our long-term care legacy policies, our traditional
life insurance business likely is more sensitive to the potential
mortality impact associated with climate change risks, although
the net impact indicated by the analysis appears to be modest.
Relative to Genworth’s physical operations, the analysis
identified, among other things, some suppliers located in areas
more prone to heat stress or tropical cyclones. This assessment
may be considered in the evaluation and selection of ourthird-party suppliers.

Next Steps
We are in the process of evaluating the results of theseanalyses to enhance our understanding of the organization’s
resilience to climate change and expect to consider theirfindings to inform our enterprise risk management andbusiness strategy.
We will update these analyses as our operations and businessportfolios continue to evolve.
To evaluate our Investments portfolio, we will assess the impact
of climate risks on our asset portfolio using the same two climate
scenarios noted above, and then integrate both the asset andliability analyses to evaluate potential impacts and materiality.
For more information on climate risk management, please see
our 2022 TCFD Report – First Quarter 2023 Update.

PROTECTING OUR PLANET
To care for our planet is to care for its people.
We’re committed to operating efficiently, reducing
our emissions, and promoting environmental
awareness. By doing so, we can create a sustainable
future for generations to come.

SUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOK

Sustaining the Environment

In addition to our yearly CDP submission, we published ourinaugural TCFD Report in 2022, which outlines our governancestructures, strategy, risk management processes, and metrics.
Genworth’s management-level Sustainability Committee is
responsible for implementing our Environmental Policy, withoversight from the company’s Executive Council and theBoard’s Nominating and Corporate Governance Committee.
Climate-related risks are integrated into Genworth’s multidisciplinary, company-wide risk management program which
includes assessments of risk appetite and risk tolerance limits,
as well as risk identification, quantification, governanceprocesses, and applicable policies and procedures. The
assessments evaluate our direct operations along with inputs
and impacts up and down stream.
We invite you to review our 2022 TCFD Report – First Quarter
2023 Update.

3,775.37

532.46

For the fourth year in a row, Genworth was awarded aManagement ‘B’ score for our CDP assessment, which
considered our assessment of climate-related risks andopportunities, along with strategy, programming, and activities
during calendar-year 2021.

4,410.00

We invite you to review our Environmental Policy.

B6,271.00

Enhanced Climate Disclosures

MT CO2e4,307.83

Our Greenhouse Gas Inventory

TOTAL SCOPE 1 & 2 EMISSIONS(2020 – 2022)

3,812.00

Make it better. Genworth is committed to reducing
the impacts on the environment associated with ourbusiness activities. We are taking a responsible
approach to preserve the environment, build trust,and create long-term value for all our stakeholders.
In 2022, we updated our Environmental Policy,
which governs climate-related considerations
across our organization.

37

DISCLOSURE DATA

5,679.00

GOVERNANCE & RESPONSIBLE RISK MANAGEMENT

598.00ADVANCING STAKEHOLDER INTERESTS

592.00INTRODUCTION

2020 2021 2022

2020 2021 2022

2020 2021 2022

Scope 1

Scope 2

Total – 1 & 2Genworth’s Scope 2 emissions decreased by 1,867 MT CO2ein 2022, driven by a reduction in electricity consumption in our
Lynchburg, Virginia, data center where we made several
technology improvements to our physical storage devices.
Most of our older technology storage devices were replacedwith state-of-the-art Solid-State Drives (SSD) in 2022. The
new devices consume less power and generate less heat
during operation.
Our Scope 1 and 2 emissions calculations have been verified
by a third-party reviewer who provided limited assurance thatthey conform with The GHG Protocol Corporate Accounting
and Reporting Standard (revised edition).
We are in the process of calculating our 2022 Scope 3
emissions, which will be included in an updated Greenhouse
Gas Inventory posted to the Genworth website later this year.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTS

Caring for the Climate: While Making a
Difference in Our Communities

GOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATAStorefront for Community Design

GENWORTH GARDENS

Aligning with our Sustainability philanthropic focus area, we
engaged in several community outreach efforts focused on
our environment, reflecting our commitment to conSERVing.
Through our partnership with the Richmond Forum, a nonprofit speaker series, we were pleased to be the lead patron
for an Intelligence-Squared U.S. debate event on the question
Can Humans Adapt to Climate Change?

Genworth contributed $7,500 to Storefront for Community
Design, a non-profit design center in Richmond, Virginia. This
organization strives to revitalize and empower communities
by envisioning ideas for urban mini-farms, providing guidanceon storefront/facade improvements for small businesses,
facilitating discussions on the new use of old buildings, while
helping changemakers navigate the complexities of local
government, and more.

In 2022, we donated 2.5x more produce than we did in theprevious year – all grown locally in the Genworth Gardens.

Community Day at Lewis Ginter
Botanical Garden

Repurposing Office Supplies to
Support Local School Districts

On Labor Day, Genworth greeted over 4,500 guests at the
Lewis Ginter Botanical Gardens in Richmond, Virginia, as thesponsor of a free community day. Our “guests at the Gardens”
were able to experience the 50 acres of flowers and plants
along with exhibits, poetry, installations of artwork, andButterflies LIVE! Attendees received a Genworth-branded“Sprout” pencil containing either flower or herb seeds forplanting after use.

After clearing out office supplies when we relocated from ourprevious worksite in Richmond, Virginia, our employeesorganized a free Back to School multi-day supply giveaway
event for teachers and other personnel from surrounding
school districts to recycle these materials and minimize waste.

Community Clean-Ups
Employees volunteered more than 400 hours supporting
environmental clean-up and beautification activities in our local
communities, including cleaning trails with the James River
Park System, helping to maintain community gardens with
Lewis Ginter Botanical Garden, and cleaning a historic African
American burial ground with Friends of East End Cemetery.

“We are committed to community
outreach efforts that preserve,
conserve, inspire, and empower.”
Lewanda Sims-Gallimore
Director of Community Relations
and External Affairs

38

This effort, made possible by employees in our Virginia
offices, directly benefited non-profit organizations committed
to feeding those in need, many of whom fall well below thefederal poverty level.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENT

Water Usage and Waste Management 		Collaborating with Our Suppliers 			

While some of our employees have returned to work in our
offices, either full-time or on a hybrid schedule, many have
opted to work remotely, which resulted in limited water usage
and waste generation in our operations.

We leverage every opportunity to share and extend ourenvironmental principles throughout our supply chain.

However, we continued our efforts to conserve water andreduce waste at our Richmond and Lynchburg work sites,
including recycling of scrap metal, pallets, and paper, and theuse of centralized recycling stations in lieu of individual waste
containers at employee workstations. To conserve water, we
utilize touchless faucets and auto-flush toilets, in addition to
low flow aerators on the faucets at our Lynchburg site.

Building Efficiencies
We employ Building Automation Systems (BAS) in our
Lynchburg and Richmond locations to enable energy
efficiencies. These systems control temperature settings inour buildings for heating and cooling and air handler staticpressure. They also mix return air with outside air, which helps
to modulate temperature and humidity, and manage on/off
times for chillers, boilers, air handling systems, outdoor andsome indoor lighting.
As we considered plans to relocate our Richmond headquarters,
we chose an existing structure, as opposed to building fromthe ground up, and will seek to incorporate environmental
efficiencies as we tailor the site to meet our needs.

Our Code of Ethics for Suppliers specifically states that humanrights and environmental sustainability concerns are key
considerations when we assess supplier proposals andevaluate business relationships. Our supplier selection
process includes sustainability considerations by incorporating
questions concerning the supplier’s ESG initiatives into ourStandard Request for Proposal templates.		
We consider a supplier’s environmental practices and disasterrecovery capabilities as part of our review process during
supplier selection. When assessing potential suppliers, wenote the absence of a clear position or an unsatisfactory
finding in this area.
We conducted a risk-based assessment that considered thecontent, scope, and terms of the supplier engagement which
identified 234 suppliers, out of the 1,770 total suppliers withwhom our annual spend exceeds $500, as medium-to-high risk
(65% of our total procurement spend). This group is subject
to heightened scrutiny, including a comprehensive business
review process with the supplier’s senior leadership which
includes sustainability considerations.

CONCLUSION & OUTLOOKDISCLOSURE DATA

39

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

40

Spotlight: Greenhouse Gases at Genworth
Embracing our promises to our policyholders that
often span decades, we are committed to building
the foundation for a sustainable future by assessing
and seeking to reduce our “carbon footprint.”

Our Scope 3 emissions for 2021 (reporting year 2022)
totaled 31,354 and included a significant expansion inpurchased goods and services included in the calculation,
along with other refinements:

employees who work from home. However, because most of
our employees did not return to the office in 2021, we exploredways to estimate emissions associated with telework andhybrid working arrangements for that year.

We refined our processes to calculate greenhousegas emissions in 2022, primarily expanding
consideration of the 2021 Scope 3 (value chain)emissions categories relevant to our business
operations.

28,609

133

1,075

52

We estimate that emissions associated with work from homearrangements were approximately 6,982 MT CO2e in 2021.
Since there is no widely-accepted or recognized methodology
for calculating emissions for home workers, we did not include
this estimate in the GHG inventory.

Purchased Goodand Services

Capital Goods

1,485

Business Travel

EmployeeCommuting

Fuel and Energy-Related Activities
Our Scope 3 calculation does not include waste generated inoperations, due to our inability to secure this information fromthe applicable vendors.
We are in the process of calculating our 2022 Scope 3 emissions.

Our Estimated Work-From-Home Impact
We recognize that the overall carbon footprint of our offices
has been greatly impacted by the number of employees who
have chosen to continue working from home. Per the GHG
Protocol Corporate Accounting and Reporting Standard,
Genworth is not required to report emissions associated with

As our offices re-opened in 2022, many employees continued
to embrace remote work or hybrid schedules, favorably
impacting emissions when compared to pre-pandemic levels.
However, we still offer some amenities to incentivize moresustainable transportation options. We provide access toelectric vehicle charging stations, free of charge, along withbike racks at our Stamford, Connecticut, location. We also
provide bike racks at our Lynchburg, Virginia, work site.

Consideration of Investments
While we did not include investments in our Scope 3 analysis,
70% of public corporate holdings have been carbon scoredinternally, leveraging data from a portfolio management system
we currently utilize. We will score the remainder of the portfolio
when additional public information is available and/or scoring
methodologies on non-covered assets are standardized.

LOOKING TOWARDS THE FUTURE
At Genworth, we recognize that we arepositioned to have a meaningful impact on
our customers, communities, and planet.
We look forward to making tangible
progress to create a sustainable future
built on compassion and care.

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENT

Conclusion & Outlook
Acting With Compassion and Care
In 2022, we continued to work toward our goals while operatingwith the highest levels of transparency, authenticity, and decency.
Our progress included many significant achievements, fromreaching our target debt level of $1 billion or less, to contributing
more than $2.9 million to our communities through our Foundation,sponsorships, and employee donations... from donating more than
800 pounds of produce, grown at the Genworth Gardens, to thosefacing food insecurity, to completing our inaugural TCFD report.
We are pleased with our progress in 2022 and look forward tocontinuing our care-centered momentum in the coming year.

SUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

42

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

44

Sustainability Accounting Standards Board (SASB) Index
Topic

Accounting metric

Code

Disclosure

Transparent Information andFair Advice for Customers

Total amount of monetary losses as a result oflegal proceedings associated with marketing andcommunication of insurance product-related
information to new and returning customers

FN-IN-270a.1

For details on legal proceedings, see Genworth’s 2022 Form 10-K, Part II — Item 8 — Financial Statements and Supplementary
Data — Note 20 — Commitments and Contingencies.

Complaints-to-claims ratio

FN-IN-270a.2

Genworth considers the NAIC Closed Complaint Index to be the relevant metrics to assess and compare the effectiveness of
our operations to that of our peers. The Closed Complaint Index is calculated by dividing the company’s share of complaints in
the U.S. market by the Company’s share of premiums in the U.S. market. For 2022, the indices were 1.45, .43 and .99
respectively for our GLIC, GLAIC and GLICNY legal entities compared to a national median ratio of 1. Genworth does not
calculate a complaint-to-claims ratio, as the metric lacks the measurements consistency across complaints permitted by the
NAIC Closed Complaint Ratio. We do not calculate complaint rations for our USMI business, as products are sold to lenders
directly, as opposed to borrowers or consumers.

Customer retention rate

FN-IN-270a.3

While Genworth currently does not calculate customer retentions rates, the overall lapse rates for our USLI products in 2022 are
as follows: for our life insurance products — 6.7% and for our individual long-term care insurance products — .61%. “Lapse rate”
is defined as policy termination due to non-payment of premium and does not include policies in non-forfeiture status. We
have excluded (1) our group long-term care insurance products as they include a mix of employer-paid and voluntary coverageand contain different product features related to non-forfeiture, (2) annuity products, as we currently are servicing our existingcustomers and no additional premium payments are required to maintain the contracts, and (3) our mortgage insurance
products, which are sold to lenders directly, as opposed to borrowers or consumers.

Description of approach to informing customers
about products

FN-IN-270a.4

See Our Customers on pages 16-18 and Compliance and Business Ethics on page 32.

(1) Genworth Life Insurance Company(2) Genworth Life and Annuity Insurance Company(3) Genworth Life Insurance Company of New YorkINTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

45

Topic

Accounting metric

Code

Disclosure

Incorporation of Environmental,
Social, and Governance Factors
in Investment Management

Total invested assets, by industry and asset class

FN-IN-410a.1

Short- and Long-Term Invested Assets By Sector*

Stock and Bond Investments By Industry*

StocksFinance and Insurance$ 11,591,718,570

23%

Public Administration

9,764,636,635

19%$318,562,389

Common Stock

0.62%

250,927,560

Common Stock – Foreign

7,230,520

Utilities

9,052,941,161

18%

Preferred Stock

60,404,310

Manufacturing

8,820,806,376

17%

Short-Term Bonds$0

Information

2,639,108,857

5%Real Estate and Rental and Leasing

2,438,198,746

5%Retail Trade

1,914,130,645

4%Transportation and Warehousing

1,697,812,347

3%

Professional, Scientific, and Technical Services

1,663,951,327

3%

1,047,635,821

2%

Commercial Paper
Long-Term Bonds

0.00%

0
$50,909,090,893

U.S. Gov't

99.38%

3,386,136,767

Non-U.S Gov't

701,624,387

State and Political Subdivisions

2,744,744,415

Wholesale Trade

Other Bonds (U.S.)

29,453,500,821

Accommodation and Food Services

279,115,750

1%

Other Bonds (Non U.S.)

8,694,253,253

Mortgage-Backed Securities (Residential)

1,047,743,655

Administrative and Support and Waste
Management and Remediation

138,474,980

0%

Mortgage-Backed Securities (Commercial)

2,181,964,557

Arts, Entertainment, and Recreation

120,002,909

0%

Other Asset-Backed Securities

2,212,424,388

Construction

3,7003,577

0%Bank Loans

471,554,197

Educational Services

12,115,581

0%Mortgage-Backed Securities Derivatives

15,144,452

Mining, Quarrying, and Oil and Gas Extraction

10,000,000

0%$ 51,227,653,282

100.00%Grand Total*$51,227,653,282

Grand Total* Represents 99.73% of overall asset base that supports our primary legal entities* Represents 99.73% of overall asset base that supports our primary legal entities

Short- and Long-Term Derivatives By Asset Class*Mortgage Loans on Real Estate

Short-Term
Equity Call Options
Short-Term Total$

Office$1,579,086,794

5,328,050

Industrial

1,450,711,834

5,328,050

Retail

2,914,361,993

Long-Term
Cross Currency Swaps

20,111,619

Equity Call Options

389,911

Interest Rate Swaps(497,888,670)

Long-Term Total$(477,387,140)

Grand Total*$(472,059,089)* Excludes Holding Company derivatives and embedded derivatives within insurance products

Apartment

550,472,684

Mixed Use

370,958,381

OtherGrand Total

149,252,961$ 7,014,844,646

Note: Does not include real estate held of approximately $11,739,171

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENTSUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOKDISCLOSURE DATA

46

Topic

Accounting metric

Code

Disclosure

Incorporation of Environmental,
Social, and Governance Factors
in Investment Management

Description of approach to incorporation of environmental, social, andgovernance (ESG) factors in investment management processes andstrategies

FN-IN-410a.2

See Asset Management on pages 33-34.

Policies Designed to Incentivize
Responsible Behavior

Net premiums written related to energy efficiency and low carbon
technology

FN-IN-410b.1

Given our current lines of business, this topic is not applicable.

Discussion of products and/or product features that incentivize health,safety, and/or environmentally responsible actions and/or behaviors

FN-IN-410b.2

See Our Customers on pages 16-18.

Probable Maximum Loss (PML) of insured products from weather-related
natural catastrophes

FN-IN-450a.1

Genworth does not currently complete this modeling. See Climate Risk on page 30. For more information
on climate risk management, please see our 2022 TCFD Report – First Quarter 2023 Update.

Total amount of monetary losses attributable to insurance payouts from (1)modeled natural catastrophes and (2) non-modeled natural catastrophes,by type of event and geographic segment net and gross of reinsurance)

FN-IN-450a.2

We have identified climate change as an emerging risk. See Risk Management on page 30 and
Spotlight: Scenario Analyses at Genworth on page 35. For more information on climate risk management,
please see our 2022 TCFD Report - First Quarter 2023 Update.

Description of approach to incorporation of environmental risks into (1)the underwriting process for individual contracts and (2) the managementof firm-level risks and capital adequacy

FN-IN-450a.3

See Climate Risk on page 30. For more information on climate risk management, please see our2022 TCFD Report – First Quarter 2023 Update.

Exposure to derivative instruments by category: (1) total potential exposure
to noncentrally cleared derivatives, (2) total fair value of acceptable collateralposted with the Central Clearinghouse, and (3) total potential exposure tocentrally cleared derivatives

FN-IN-550a.1

Specific information related to derivatives can be found on Schedule DB – Part D filed with the National
Association of Insurance Commissioners. Of the three categories identified, we have exposure in only one– noncentrally cleared derivatives – in the amount of $187,160,201.

Total fair value of securities lending collateral assests

FN-IN-550a.2

Genworth no longer holds securities lending collateral assets.

Description of approach to managing capital- andliquidity-related risks associated with systemic
non-insurance activities

FN-IN-550a.3

See Genworth’s 2022 Form 10-K, Part I — Item1A — Risk Factors and Part II — Item 7 — Management’s
Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources.

Environmental Risk Exposure

Systemic Risk Management

INTRODUCTIONADVANCING STAKEHOLDER INTERESTSGOVERNANCE & RESPONSIBLE RISK MANAGEMENT

Accounting metric

Code

Disclosure

Number of policies in force, by segment: (1) property andcasualty, (2) life, (3) assumed reinsurance

FN-IN-000.A

See About Us on page 4.

SUSTAINING THE ENVIRONMENTCONCLUSION & OUTLOOK

Cautionary Note:
This report contains certain “forward-looking statements” 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” orwords of similar meaning and include, but are not limited to, statements regarding the outlook for future business and financial performance ofGenworth Financial, Inc. (Genworth) and its consolidated subsidiaries. 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 andresults may differ materially due to global political, economic, 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 United States
Securities and Exchange Commission (SEC) on February 28, 2023, Genworth undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future developments or otherwise.

DISCLOSURE DATA

47

Thank you for reviewing our 2022 Sustainability Report. We welcome
your comments – email us at GNWCommunityRelations@genworth.com.
We look forward to sharing future updates with you and invite you tojoin us in Creating A Sustainable Future Built On Compassion & Care.

©2023 Genworth Financial, Inc. All rights reserved.