- Genworth MI Canada reported financial results for Q1 2016, with premiums written down 45% quarter-over-quarter due to targeted underwriting changes and a smaller transactional insurance market. The loss ratio was 24%, up slightly from the previous quarter. - Key themes for 2016 include new capital standards for mortgage insurers being implemented in 2017, a focus on underwriting quality, and moderately lower premiums written with expected growth of over 5% in premiums earned. - The portfolio quality of new insurance written continues to improve compared to 2007/08 levels, with steadily rising credit scores and stable debt servicing ratios.

1. 1Genworth MI Canada Inc.Q1 2016 Results
April 29th, 2016
First Quarter 2016 Results

2. 2Genworth MI Canada Inc.Q1 2016 Results
Forward-looking and
non-IFRS statements
DRIVING VALUE THROUGH CUSTOMIZED SERVICE EXPERIENCE
Public communications, including oral or written communications such as this document, relating to Genworth MI Canada Inc. (the
“Company”, “Genworth Canada” or “MIC”) often contain certain forward-looking statements. These forward-looking statements
include, but are not limited to, statements with respect to the Company’s future operating and financial results, expectations
regarding premiums written, losses on claims and investment income, the Canadian housing market, and other statements that are
not historical facts. These forward-looking statements may be identified by their use of words such as “may”, “would”, “could”, “will,”
“intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions. These statements are based
on the Company’s current assumptions, including assumptions regarding economic, global, political, business, competitive, market
and regulatory matters. These forward-looking statements are inherently subject to significant risks, uncertainties and changes in
circumstances, many of which are beyond the control of the Company. The Company’s actual results may differ materially from
those expressed or implied by such forward-looking statements, including as a result of changes in the facts underlying the
Company’s assumptions, and the other risks described in the Company’s most recently issued Annual Information Form,
Management’s Discussion and Analysis, its Short Form Base Shelf Prospectus dated June 18, 2014, the Prospectus Supplements
thereto, and all documents incorporated by reference in such documents. Management’s current views regarding the Company’s
financial outlook are stated as of the date hereof and may not be appropriate for other purposes. Other than as required by
applicable laws, the Company undertakes no obligation to publicly update or revise any forward-looking statement, whether as a
result of new information, future developments or otherwise.
To supplement its financial statements, the Company uses select non-IFRS financial measures. Non-IFRS financial measures
include net operating income, interest and dividend income (net of investment expenses), operating earnings per common share
(basic), operating earnings per common share (diluted), shareholders’ equity excluding accumulated other comprehensive income
(“AOCI”), operating return on equity and underwriting ratios such as loss ratio, expense ratio and combined ratio. The Company
believes that these non-IFRS financial measures provide meaningful supplemental information regarding its performance and may
be useful to investors because they allow for greater transparency with respect to key metrics used by management in its financial
and operational decision making. Non-IFRS measures do not have standardized meanings and are unlikely to be comparable to any
similar measures presented by other companies. These measures are defined in the Company’s glossary, which is posted on the
Company’s website at http://investor.genworthmicanada.ca. A reconciliation from non-IFRS financial measures to the most readily
comparable measures calculated in accordance with IFRS, where applicable can be found in the Company’s most recent
management’s discussion and analysis, which is posted on the Company’s website and is also available at www.sedar.com.

3. 3Genworth MI Canada Inc.Q1 2016 Results
1.03
0.99 1.00
1.03
0.99
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
Q1 2016 financial results
$MM except
ROE, EPS &
MCT
Q1
2016
Q4
2015
Q1
2015
Q/Q Y / Y
Premiums
written
$117 $213 $130 -45% -10%
Loss ratio 24% 23% 22% +1 pt +2 pts
Net Operating
Income
$91 $95 $97 -4% -6%
Operating ROE 11% 12% 12% -1% -1%
Operating EPS
(dil.)
$0.99 $1.03 $1.03 -4% -4%
MCT1 234% 234% 233% Flat +1 pt
Q1 key highlights
• Top-line constrained primarily due to targeted
underwriting changes and a smaller transactional
insurance market
• Loss ratio of 24%, below expected range
• Operating income -4% Q/Q, primarily due to
marginally higher combined ratio
• Ongoing capital strength with MCT ratio of 234%1
Operating EPS (diluted) Book Value Per Share (diluted, incl. AOCI2)
36.07 36.18 36.14 36.82 37.23
Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016
+3%
YoY
1. Q1 2016 MCT company estimate. MCT denotes ratio for operating insurance company.
2. Book value per share, diluted, including AOCI.

4. 4Genworth MI Canada Inc.Q1 2016 Results
2016 key themes
• New standardized
capital test for mortgage
insurers
• More risk sensitive
• Increased capital on
new business if
regional house price
to income threshold is
exceeded
• 2017 implementation
• Regulatory rule change
may reduce demand for
portfolio insurance post
July 1, 2016
implementation
Regulatory changesEconomic environment
• Flat-to-modestly
smaller high LTV
mortgage originations
market
• Fiscally disciplined
first-time homebuyers
• Minimal impact from
downpayment rule
changes
• Focus on underwriting
quality throughout the
lending industry
Market dynamics
• Moderately lower total
premiums written
• Moderate growth of
5%+ expected in
premiums earned
• Loss ratio range for
2016 of 25% to 40%
• Targeting MCT ratio in
the range of 225% to
230%
Implications
• Low oil prices
• Modest economic
growth (GDP)
• Increasing disparity
between regional
housing markets
• Regional affordability
pressures

5. 5Genworth MI Canada Inc.Q1 2016 Results
Top line
$3.9 $3.4
$5.9 $4.5
$6.8 $4.1
~$22.0$8.3
$6.1
$6.2
$9.6
2015 Q1'16 2015 Q1'16
New insurance written ($ billions) Net premiums written ($ millions)
Note: Company sources.
$25.2 $25.7
Q1
Q2
Q3
Q4
New insurance written Net premiums written
Impact of lower transactional
new insurance written
partially offset by a higher
average premium rate
Portfolio insurance
premiums written primarily
reflect low LTVs and high
credit quality
Transactional Portfolio
$104 $99
$183
$236
$181
2015 Q1'16
$705 $104
Q1
Q2
Q3
Q4
Transactional Portfolio
$26 $18
$22
$24
$32
2015 Q1'16
Reflects portfolio insurance NIW
in first three weeks of April 2016
Reflects portfolio insurance
premiums written in first three
weeks of April 2016
Targeted underwriting
changes and a smaller
transactional insurance market
have driven modestly lower
transactional NIW
Portfolio NIW….
strong pipeline
reflects increased
demand ahead of
July 1, 2016
regulatory change
Average premium rate
2.79% 2.91%

6. 6Genworth MI Canada Inc.Q1 2016 Results
Portfolio quality improving
TRANSACTIONAL PORTFOLIO QUALITY SIGNIFICANTLY IMPROVED COMPARED TO ‘07/08
Note: Company sources for transactional new insurance written.
Highlights
Steady credit score
improvement year-over-year
Modest home
price increases
Stable debt
servicing ratios
Credit score Average gross debt service ratio (%)Median home price (In ‘$000s)
16%
3%
716
751
'07
'08
'09
'10
'11
'12
'13
'14
'15
Q1'16
% Score <660 (R) Avg score (L)
24%
23%
22%
24%
25%
24%
23%
24%
24%
25%
'07
'08
'09
'10
'11
'12
'13
'14
'15
Q1'16
$225
$232
$240
$255
$270
$275
$280
$291
$295
$301
'07
'08
'09
'10
'11
'12
'13
'14
'15
Q1'16

7. 7Genworth MI Canada Inc.Q1 2016 Results
Outstanding delinquencies
Highlights
• Delinquencies up 11% Q/Q, primarily due to
seasonality and pressure in oil-producing
regions
• Delinquencies increased Y/Y largely due to
Alberta and Quebec, partly offset by decreases
in Ontario & B.C.
407 344 365 385 383
263
228 203 181 187
220
227 258 303
424
584
579 578
624
656
216
191 198
204
222102
97 113
132
162
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16
1,792
1,666 1,715
1,829
2,034
Ontario
BC2
Alberta
Quebec
Atlantic
Prairies1
Based on reported outstanding balances
Delinquency Rates3 Q2’15 Q3’15 Q4’15 Q1’164
Transactional 0.29% 0.29% 0.31% n.a.
Portfolio 0.07% 0.08% 0.08% n.a.
Total 0.20% 0.21% 0.21% n.a.
1 Prairies include MB and SK. 2 BC includes the Territories. 3 Delinquency rates are based on outstanding insured mortgage balances as at the end of the quarter and exclude
delinquencies that have been incurred but not reported. 4 Outstanding insured mortgage balances are reported on a one quarter lag.
• Total delinquency rates remain flat Q/Q

8. 8Genworth MI Canada Inc.Q1 2016 Results
25% 27% 22% 20%
38% 38%
39% 42%
14% 12% 12% 11%
10% 12% 13% 15%
13% 12% 12% 12%
0%
20%
40%
60%
80%
100%
2013 2014 2015 Q1'16
Alberta Ontario Quebec B.C. Other
Alberta: proactive risk management
Geographically diversified portfolio
Regional Transactional NIW Dispersion
Average
Credit Score 2013 2014 2015 Q1’16
National 733 737 743 751
Alberta 730 734 740 751
2016 highlights
Unemployment expected to be in the
range of 7.8% to 9.0% in Alberta as
oil and gas sector layoffs continue
Home price depreciation in Alberta
expected to be in the range of 5% to
12%
Enhanced due diligence resulting in
slightly smaller but better quality
Alberta portfolio

9. 9Genworth MI Canada Inc.Q1 2016 Results
Solid financial performance
$MM except EPS & BVPS Q1’16 Q4’15 Q1’15
Transactional premiums written $99 $181 $104
Portfolio premiums written 18 32 26
Total premiums written $117 $213 $130
Premiums earned 154 151 143
Losses on claims (37) (35) (31)
Expenses (28) (27) (24)
Underwriting income $88 $90 $87
Net investment income
(excl. realized gains / losses)
41 44 42
Net operating income $91 $95 $97
Operating EPS
(diluted)
$0.99 $1.03 $1.03
Book value per share
(diluted, incl. AOCI)
$37.23 $36.82 $36.07
Q1 highlights
• Transactional premiums written lower by
5% Y/Y
• Premiums earned increased Q/Q by
$3 million
• Loss ratio of 24%, up 1 pt Q/Q
• Net investment income down $2 million
Q/Q
• Net operating income down Y/Y, primarily
due to an increase in the corporate tax
rate and a $5 million non-recurring
favourable tax item in Q1 2015
• Book value per share up 3% Y/Y
Note: Amounts may not total due to rounding.

10. 10Genworth MI Canada Inc.Q1 2016 Results
Solid underwriting profitability
87 90 89 90 88
24 29 28 27 28
31 25 31 35 37
Q1' 15 Q2' 15 Q3' 15 Q4' 15 Q1' 16
Underwriting profitability ($ millions)
Underwriting
profit
Expenses
Losses on claims
Loss ratio 22% 17% 21% 23% 24%
Expense ratio 17% 20% 19% 18% 19%
Combined
ratio
39% 37% 40% 41% 42%
Premiums earned $151$143 $144 $148
2016 ANNUAL LOSS RATIO ESTIMATED RANGE: 25% TO 40%
$154
Avg. reserve
per delq.
($000’s)
$66.2 $69.8 $70.4 $71.9 $70.9
Highlights
Continued growth
in premiums
earned
New delinquencies net of cures increased by
81 Q/Q, primarily due to Alberta, partly offset by
a modest decrease in Ontario and Quebec
Loss ratio
marginally below
expected range
Solid underwriting
profitability with
42% combined ratio
New delinquencies net of cures by region
114
59 105 96 77
52
38
42 31 40
47
43
75 89
183
130
119
116 156
13876
58
76
82
92
13
2
26
33
38
Q1'15 Q2'15 Q3'15 Q4'15 Q1'16
432 319 440 487 568
Ontario
Pacific2
Alberta
Quebec
Atlantic
Prairies1
1 Prairies includes MB and SK. 2 Pacific includes the Territories.
Total

11. 11Genworth MI Canada Inc.Q1 2016 Results
Federals
Provincials
Preferred shares
Emerging markets debt3
Investment grade
corporates2
Cash4
33%
17%
35%
5%
5%
5%
Investments contribute steady
income
Duration: 3.7 years
Book yield: 3.1%1
Invested assets
(C$ millions, unless noted)
Note: Company sources.
1. Represents market value. Book yield represents pre-tax equivalent book yield after dividend gross-up of portfolio (as at Mar. 31, 2016).
2. Market value, includes CLOs. 3. 99% Investment grade. 4. Cash includes short-term investments.
Total Invested Assets ($5.9B portfolio1) Net Investment Income ($ millions)
$5,917
$5,867
LOW RATES CONTINUE TO PRESSURE INVESTMENT
YIELD…FOCUS ON OPTIMIZING YIELD WITHIN RISK APPETITE
$353 million of
maturities over
remainder of 2016
5,641 5,633
276 235
Q4 2015 Q1 2016
Book value
Net
unrealized
gain
$5.9B $5.9B
43.8
41.5
Q4 2015 Q1 2016

12. 12Genworth MI Canada Inc.Q1 2016 Results
2,396
449 436
569 570
219 217
December 31st,
2015
March 31st, 2016
Capital management
INTEND TO OPERATE IN THE 225-230% MCT RANGE,
PENDING FINALIZATION OF THE CAPITAL FRAMEWORK
Regulatory capital at 220% MCT holding target
(by risk category, $ millions)
Flexibility Efficiency
Strength
Note: Company sources. 1. Market risk includes interest rate, credit, equity risk, and foreign exchange risk.
MCT denotes ratio for operating insurance company. 1Q16 MCT based on company estimates.
2. Represents liquid investments and cash held in addition to capital in operating insurance company.
• MCT ratio of 234%:
• Introduced interest rate hedging
program
• Strong portfolio insurance
pipeline for second quarter
• New capital framework for
insurance risk under development
for implementation in 2017:
• More risk sensitive
• No expected change in overall
level of capital held
• Renewing Normal Course Issuer
Bid
Highlights
3,633 3,636
Insurance Risk
Market Risk1
Operational Risk
Capital in
excess of 220%
MCT 234% 234%
Holdco
cash2
($ millions)
$121 $173
2,413

13. 13Genworth MI Canada Inc.Q1 2016 Results
Keen focus on risk management
Proactive loss mitigation
programs
Investing in our customer
experience strategy
Key takeaways
Proven
business model
has positioned
MIC for
future
performance
Balanced approach to writing
new business

14. 14Genworth MI Canada Inc.Q1 2016 Results
investor@genworth.cominvestor.genworthmicanada.ca
Investor Relations
Jonathan A. Pinto, MBA, LL.M
Vice President, Investor Relations
jonathan.pinto@genworth.com905.287.5482