Company Ratings

A.M. Best, S&P, Moody's and DBRS review their ratings periodically and we cannot assure you that we will maintain our current ratings in the future. These and other agencies may also rate our company or our insurance subsidiaries on a solicited or an unsolicited basis. Ratings are not designed to be, and do not serve as, measures of protection or valuation offered to investors. These financial strength ratings should not be relied on with respect to making an investment in our securities. Each of the following organizations use a different ranking system to rate insurers; they are not equivalent to one another. See the information below about Rating Categories to learn more.


Industry ratings

Our principal life insurance subsidiaries are rated by A.M. Best, Standard and Poor's, and Moody's as follows:

Company A.M. Best Standard & Poor's Moody's
Genworth Life Insurance Company B- B- B3
Genworth Life and Annuity Insurance Company B+ B- Ba3
Genworth Life Insurance Company of New York B- B- B3

Genworth Life and Annuity Insurance Company, Genworth Life Insurance Company and Genworth Life Insurance Company of New York ratings do not apply to the safety or performance of underlying portfolios of variable products, which will fluctuate and could lose value.
Our mortgage insurance subsidiaries are rated by Standard and Poor's and Moody's as follows:

Company Standard & Poor's Moody's
Genworth Mortgage Insurance Corporation BB+ Ba1
Genworth Financial Mortgage Insurance Pty Limited (Australia) A+ Baa1
Genworth Financial Mortgage Insurance Company Canada (1) A+ N/A

(1) Genworth Financial Mortgage Insurance Company Canada is also rated by Dominion Bond Rating Services (DBRS). The DBRS rating is "AA".

Genworth Seguros de Credito a la Vivienda S.A. de C.V. short term rating is “HR1” and long term rating is "HR AA" by HR Ratings on a Local Scale.

A.M. Best states that its "B+" (Good) rating is assigned to companies that have, in its opinion, a good ability to meet their ongoing insurance obligations while "B" (Fair) is assigned to those companies that have, in its opinion, a fair ability to meet their ongoing insurance obligations. The "B+" (Good) and "B-" (Fair) rating is the sixth and eighth-highest of 15 ratings assigned by A.M. Best, which range from "A++" to "F."
S&P states that an insurer rated "A" (Strong) has strong financial security characteristics that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments. Insurers rated "A" (Strong) or "B" (Weak) have strong or weak financial security characteristics, respectively. The "A" and "B" ranges are the third- and sixth-highest of nine financial strength rating ranges assigned by S&P, which range from "AAA" to "R." A plus (+) or minus (-) shows relative standing in a rating category. These suffixes are not added to ratings in the "AAA" category or to ratings below the "CCC" category. Accordingly, the "A+", "BB+", and "B-" ratings are the fifth-, eleventh-, and sixteenth-highest of S&P's 21 ratings categories. 
Moody's states that insurance companies rated "Baa" (Adequate) offer adequate financial security and those rated "B" (Poor) offer questionable financial security. The "Baa" (Adequate) and "B" (Poor) ranges are the fourth- and sixth-highest, respectively, of nine financial strength rating ranges assigned by Moody’s, which range from "Aaa" to "C." Numeric modifiers are used to refer to the ranking within the groups, with 1 being the highest and 3 being the lowest. These modifiers are not added to ratings in the "Aaa" category or to ratings below the "Caa" category. Accordingly, the "Baa1", "Ba1", "Ba3" and "B3" ratings are the eighth-, eleventh-, thirteenth- and sixteenth-highest, respectively, of Moody’s 21 ratings categories.
DBRS states that long-term obligations rated "AA" are of superior credit quality. Given the restrictive definition DBRS has for the "AAA" category, entities rated "AA" are also considered to be strong credits, typically exemplifying above-average strength in key areas of consideration and unlikely to be significantly affected by reasonably foreseeable events.

Rating categories

The rating categories in any given rank are not equivalent to one another.

Rank A.M. Best Standard & Poor's Moody's
1 A++ = Superior AAA = Extremely Strong Aaa = Exceptional
2 A+ = Superior AA+ = Very Strong Aa1 = Excellent
3 A = Excellent AA = Very Strong Aa2 = Excellent
4 A- = Excellent AA- = Very Strong Aa3 = Excellent
5 B++ = Good A+ = Strong A1 = Good
6 B+ = Good A = Strong A2 = Good
7 B = Fair A- = Strong A3 = Good
8 B- = Fair BBB+ = Good Baa1 = Adequate
9 C++ = Marginal BBB = Good Baa2 = Adequate
10 C+ = Marginal BBB- = Good Baa3 = Adequate
11 C = Weak BB+ = Marginal Ba1 = Questionable
12 C- = Weak BB = Marginal Ba2 = Questionable
13 D = Poor BB- = Marginal Ba3 = Questionable
14 E = Supervision B+ = Weak B1 = Poor
15 F = In Liquidation B = Weak B2 = Poor
16 S = Suspended B- = Weak B3 = Poor
17   CCC+ = Very Weak Caa1 = Very Poor
18   CCC = Very Weak Caa2 = Very Poor
19   CCC- = Very Weak Caa3 = Very Poor
20   CC = Extremely Weak Ca = Extremely Poor
21   R = Supervision C = Lowest
206401D1D 11/08/17