497 1 d894435d497.txt 497 FOR SAI OF CHOICE PRE AND FOUNDATION PRE Statement of Additional Information For Flexible Premium Variable Deferred Annuity Contracts Form P1154 4/00 Issued by: Genworth Life and Annuity Insurance Company Genworth Life & Annuity VA Separate Account 1 6610 West Broad Street Richmond, Virginia 23230 Telephone Number: (800) 352-9910 -------------------------------------------------------------------------------- This Statement of Additional Information is not a prospectus. It should be read in conjunction with the prospectus, dated May 1, 2020, for the Flexible Premium Variable Deferred Annuity Contracts issued by Genworth Life and Annuity Insurance Company through its Genworth Life & Annuity VA Separate Account 1. The terms used in the current prospectus for the Flexible Premium Variable Deferred Annuity Contracts are incorporated into this Statement of Additional Information. For a free copy of the prospectus: Call: (800) 352-9910 Or write: Genworth Life and Annuity Insurance Company 6610 West Broad Street Richmond, Virginia 23230 Or visit: www.genworth.com Or: contact your financial representative The date of this Statement of Additional Information is May 1, 2020. B-1 TABLE OF CONTENTS The Company..................................................................................................... B-3 The Separate Account............................................................................................ B-3 Additional Information About the Guarantee Account.............................................................. B-4 The Contracts................................................................................................... B-4 Transfer of Annuity Units.................................................................................... B-4 Net Investment Factor........................................................................................ B-4 Termination of Participation Agreements......................................................................... B-4 Calculation of Performance Data................................................................................. B-5 Subaccounts Investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund and the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio................................... B-5 Other Subaccounts............................................................................................ B-7 Other Performance Data....................................................................................... B-7 Tax Matters..................................................................................................... B-8 Taxation of Genworth Life and Annuity Insurance Company...................................................... B-8 IRS Required Distributions................................................................................... B-8 General Provisions.............................................................................................. B-8 Using the Contracts as Collateral............................................................................ B-8 The Beneficiary.............................................................................................. B-8 Non-Participating............................................................................................ B-9 Misstatement of Age or Gender................................................................................ B-9 Incontestability............................................................................................. B-9 Statement of Values.......................................................................................... B-9 Trust as Owner or Beneficiary................................................................................ B-9 Written Notice............................................................................................... B-9 Legal Developments Regarding Employment-Related Benefit Plans................................................... B-9 Regulation of Genworth Life and Annuity Insurance Company....................................................... B-9 Experts......................................................................................................... B-9 Financial Statements............................................................................................ B-9 B-2 The Company We are a stock life insurance company operating under a charter granted by the Commonwealth of Virginia on March 21, 1871 as The Life Insurance Company of Virginia. An affiliate of our former ultimate parent company acquired GLAIC on April 1, 1996 and ultimately contributed the majority of the outstanding common stock to Genworth Life Insurance Company ("GLIC"). On May 31, 2004, we became a direct, wholly-owned subsidiary of GLIC. We are an indirect, wholly-owned subsidiary of Genworth Financial, Inc. ("Genworth"), a financial services company dedicated to helping meet the homeownership and long-term care needs of our customers. On October 21, 2016, Genworth entered into an agreement and plan of merger (the "Merger Agreement") with Asia Pacific Global Capital Co., Ltd. ("Parent"), a limited liability company incorporated in the People's Republic of China and a subsidiary of China Oceanwide Holdings Group Co., Ltd., a limited liability company incorporated in the People's Republic of China (together with its affiliates, "China Oceanwide"), and Asia Pacific Global Capital USA Corporation ("Merger Sub"), a Delaware corporation and a direct, wholly-owned subsidiary of Asia Pacific Insurance USA Holdings LLC ("Asia Pacific Insurance"), which is a Delaware limited liability company and owned by China Oceanwide, pursuant to which, subject to the terms and conditions set forth therein, Merger Sub would merge with and into Genworth with Genworth surviving the merger as a direct, wholly-owned subsidiary of Asia Pacific Insurance (the "Merger"). China Oceanwide has agreed to acquire all of Genworth's outstanding common stock for a total transaction value of approximately $2.7 billion, or $5.43 per share in cash. At a special meeting held on March 7, 2017, Genworth's stockholders voted on and approved a proposal to adopt the Merger Agreement. The closing of the transaction remains subject to other closing conditions and regulatory re-approvals. We have a 34.5% investment in an affiliate, Genworth Life Insurance Company of New York. Our principal offices are located at 6610 West Broad Street, Richmond, Virginia 23230. Our principal products are life insurance and fixed deferred and immediate annuities. Life insurance products provide protection against financial hardship after the death of an insured. Deferred annuities are investment vehicles intended for contract owners who want to accumulate taxdeferred assets for retirement, desire a tax-efficient source of income and seek to protect against outliving their assets. Immediate annuities provide a fixed amount of income for either a defined number of years, the annuitant's lifetime or the longer of a defined number of years or the annuitant's lifetime. In March 2016, we suspended sales of traditional life insurance and fixed annuity products. We continue, however, to service our existing retained and reinsured blocks of business. We also have other products that have not been actively sold since 2011, but we continue to service our existing blocks of business. Those products include variable annuities, including group variable annuities offered through retirement plans, variable life insurance and funding agreements. Most of our variable annuities include guaranteed minimum death benefits. Some of our group and individual variable annuity products include guaranteed minimum benefit features such as guaranteed minimum withdrawal benefits and certain types of guaranteed annuitization benefits. We do business in the District of Columbia, Bermuda, and all states, except New York. We are subject to regulation by the State Corporation Commission of the Commonwealth of Virginia. We file an annual statement with the Virginia Commissioner of Insurance on or before March 1 of each year covering our operations and reporting on our financial condition as of December 31 of the preceding year. Periodically, the Commissioner of Insurance examines our liabilities and reserves and those of the Variable Account and assesses their adequacy, and a full examination of our operations is conducted by the State Corporation Commission, Bureau of Insurance of the Commonwealth of Virginia, at least every five years. We are also subject to the insurance laws and regulation of other states within which we are licensed to operate. Capital Brokerage Corporation serves as principal underwriter for the contracts and is a broker/dealer registered with the SEC. Genworth North America Corporation (formerly, GNA Corporation) directly owns the stock of Capital Brokerage Corporation and the Company. Genworth North America Corporation is indirectly owned by Genworth. The Separate Account In accordance with the board resolution establishing the Separate Account, such Separate Account will be divided into Subaccounts, each of which shall invest in the shares of a designated mutual fund portfolio, unit investment trust, managed separate account and/or other portfolios (the "Eligible Portfolios"), and net purchase payments under the contracts shall be allocated to Subaccounts which will invest in the Eligible Portfolios set forth in the contracts in accordance with the instructions received from contract owners. B-3 Additional Information About the Guarantee Account The initial interest rate guarantee period for any allocation you make to the Guarantee Account will be one year or longer. Subsequent interest rate guarantee periods will each be at least one year. We may credit additional rates of interest for specified periods from time to time. The Contracts Transfer of Annuity Units At your request, Annuity Units may be transferred three times per calendar year from the Subaccounts in which they are currently held (subject to certain restrictions described in the contract and specific rider options). The number of Annuity Units to be transferred is (a) times (b) divided by (c) where: (a) is the number of Annuity Units in the current Subaccount desired to be transferred; (b) is the Annuity Unit Value for the Subaccount in which the Annuity Units are currently held; and (c) is the Annuity Unit Value for the Subaccount to which the transfer is made. If the number of Annuity Units remaining in a Subaccount after the transfer is less than 1, we will transfer the remaining Annuity Units in addition to the amounts requested. We will not transfer Annuity Units into any Subaccounts unless the number of Annuity Units of that Subaccount after the transfer is at least 1. The amount of the income payment as of the date of the transfer will not be affected by the transfer (however, subsequent variable income payments will reflect the investment experience of the selected Subaccounts). Net Investment Factor The net investment factor measures investment performance of the Subaccounts during a Valuation Period. Each Subaccount has its own net investment factor. The net investment factor of a Subaccount available under a contract for a Valuation Period is (a) divided by (b) minus (c) where: (a) is the result of: (1) the value of the net assets of that Subaccount at the end of the preceding Valuation Period; plus (2) the investment income and capital gains, realized or unrealized, credited to the net assets of that Subaccount during the Valuation Period for which the net investment factor is being determined; minus (3) the capital losses, realized or unrealized, charged against those assets during the Valuation Period; minus (4) any amount charged against that Subaccount for taxes (this includes any amount we set aside during the Valuation Period as a provision for taxes attributable to the operation or maintenance of that Subaccount); and (b) is the value of the net assets of that Subaccount at the end of the preceding Valuation Period; and (c) is a factor for the Valuation Period representing the mortality and expense risk charge and the administrative expense charge. We will value assets in the Separate Account at their fair market value in accordance with generally accepted accounting practices and applicable laws and regulations. Termination of Participation Agreements The participation agreements pursuant to which the Portfolios sell their shares to the Separate Account contain varying provisions regarding termination. The following summarizes those provisions: AB Variable Products Series Fund, Inc. This agreement may be terminated by the parties upon six months' advance written notice. AIM Variable Insurance Funds (Invesco Variable Insurance Funds). This agreement may be terminated by the parties upon six months' advance written notice. American Century Variable Portfolios, Inc. This agreement may be terminated by either party upon 180 days' prior written notice to the other party. American Century Variable Portfolios II, Inc. This agreement may be terminated by the parties upon 180 days' advance written notice to the other parties, unless a shorter time is agreed upon by the parties. BlackRock Variable Series Funds, Inc. This agreement may be terminated by the parties upon 60 days' advance written notice. BNY Mellon (formerly, Dreyfus). This agreement may be terminated by the parties upon six months' advance written notice. B-4 Columbia Funds Variable Series Trust II. This agreement may be terminated by the parties upon 60 days' advance written notice. Deutsche DWS Variable Series II. The agreement may be terminated by the parties upon three months' advance written notice. Eaton Vance Variable Trust. This agreement may be terminated by the parties upon six months' advance written notice. Federated Hermes Insurance Series (formerly, Federated Insurance Series). This agreement may be terminated by the parties upon 180 days' advance written notice. Fidelity Variable Insurance Products Fund. These agreements provide for termination upon 90 days' advance notice by either party. Franklin Templeton Variable Insurance Trust. This agreement may be terminated by the parties upon 60 days' advance written notice. Goldman Sachs Variable Insurance Trust. This agreement may be terminated at the option of any party upon six months' written notice to the other parties. Janus Aspen Series. This agreement may be terminated by the parties upon six months' advance written notice. JPMorgan Insurance Trust. This agreement may be terminated by the parties upon 180 days' notice unless a shorter time is agreed to by the parties. Legg Mason Partners Variable Equity Trust. The agreement may be terminated at the option of any party upon one year advance written notice. MFS(R) Variable Insurance Trust and MFS(R) Variable Insurance Trust II. This agreement may be terminated by the parties upon six months' advance written notice. PIMCO Variable Insurance Trust. This agreement may be terminated by the parties upon six months' advance written notice, unless a shorter time is agreed to by the parties. Rydex Variable Trust. This agreement may be terminated by the parties upon six months' advance written notice. The Prudential Series Fund. This agreement may be terminated by the parties upon 60 days' advance written notice. State Street Variable Insurance Series Funds, Inc. This agreement may be terminated at the option of any party upon six months' written notice to the other parties, unless a shorter time is agreed to by the parties. Wells Fargo Variable Trust. This agreement may be terminated by the parties upon six months' advance written notice. Calculation of Performance Data From time to time, we may disclose total return, yield, and other performance data for the Subaccounts pertaining to the contracts. Such performance data will be computed, or accompanied by performance data computed, in accordance with the standards defined by the SEC and FINRA. The calculations of yield, total return, and other performance data do not reflect the effect of any premium tax that may be applicable to a particular contract. Premium taxes currently range from 0% to 3.5% of purchase payments and are generally based on the rules of the state in which you reside. Subaccounts Investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund and the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio From time to time, advertisements and sales literature may quote the yield of the Subaccounts investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund and the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio for a seven-day period, in a manner which does not take into consideration any realized or unrealized gains or losses on shares of the corresponding money market portfolio or on its portfolio securities. This current annualized yield is computed by determining the net change (exclusive of realized gains and losses on the sale of securities and unrealized appreciation and depreciation and income other than investment income) at the end of the seven-day period in the value of a hypothetical account under a contract having a balance of one unit in the Subaccount investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund or the Subaccount investing in the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio at the beginning of the period, dividing such net change in account value by the value of the account at the beginning of the period to determine the base period return, and annualizing the result on a 365-day basis. The net change in account value reflects: 1) net income from the Portfolio attributable to an initial investment of $10,000; and 2) charges and deductions imposed under the contract which are attributable to the hypothetical account. The charges and deductions include the per unit charges for the $30 annual contract charge, the mortality and expense risk charge that applies when each Annuitant is older than age 70 at issue (deducted daily at an effective annual rate B-5 of 1.55% of the hypothetical investment in the Separate Account), and the administrative expense charge (deducted daily at an effective annual rate of 0.15% of assets in the Separate Account). We also quote the yield of the Subaccounts investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund and the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio in the same manner as described above except the mortality and expense risk charge that applies when each Annuitant is age 70 or younger at issue at an annual effective rate of 1.35% of the hypothetical investment in the Separate Account. We assume for the purposes of the yield calculation that this charge will be waived. Current Yield will be calculated according to the following formula: Current Yield = ((NCP - ES)/UV) X (365/7) where: NCP = the net change in the value of the investment Portfolio (exclusive of realized gains and losses on the sale of securities and unrealized appreciation and depreciation and income other than investment income) for the seven-day period attributable to a hypothetical account having a balance of one unit. ES = per unit expenses of the hypothetical account for the seven-day period. UV = the unit value on the first day of the seven-day period. We may also quote the effective yield of the Subaccount investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund or the Subaccount investing in the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio determined on a compounded basis for the same seven-day period. The effective yield is calculated by compounding the base period return according to the following formula: Effective Yield = (1 + ((NCP - ES)/UV))/365/7/ - 1 where: NCP = the net change in the value of the investment Portfolio (exclusive of realized gains and losses on the sale of securities and unrealized appreciation and depreciation and income other than investment income) for the seven-day period attributable to a hypothetical account having a balance of one unit. ES = per unit expenses of the hypothetical account for the seven-day period. UV = the unit value for the first day of the seven-day period. The yield on amounts held in the Subaccount investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund or the Subaccount investing in the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio normally will fluctuate on a daily basis. Therefore, the disclosed yield for any given past period is not an indication or representation of future yields or rates of return. The Goldman Sachs Variable Insurance Trust -- Government Money Market Fund's or the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio's actual yield is affected by changes in interest rates on money market securities, average portfolio maturity of the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund or BNY Mellon Variable Investment Fund -- Government Money Market Portfolio, the types and quality of portfolio securities held by that Portfolio, and that Portfolio's operating expenses. Because of the charges and deductions imposed under the contract, the yield for the Subaccount investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund or the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio will be lower than the yield for the Subaccount investing in the Goldman Sachs Variable Insurance Trust -- Government Money Market Fund or the BNY Mellon Variable Investment Fund -- Government Money Market Portfolio. Yield calculations do not take into account the surrender charges imposed under the contract or the charges for any optional riders. Goldman Sachs Variable Insurance Trust -- Government Money Market Fund (For Annuitants older than age 70 when the contract is issued) Current Yield: -0.61% as of December 31, 2019 Effective Yield: -0.61% as of December 31, 2019 Goldman Sachs Variable Insurance Trust -- Government Money Market Fund (For Annuitants 70 and younger when the contract is issued) Current Yield: -0.41% as of December 31, 2019 Effective Yield: -0.41% as of December 31, 2019 BNY Mellon Variable Investment Fund -- Government Money Market Portfolio (For Annuitants older than age 70 when the contract is issued) Current Yield: -0.71% as of December 31, 2019 Effective Yield: -0.71% as of December 31, 2019 BNY Mellon Variable Investment Fund -- Government Money Market Portfolio (For Annuitants 70 and younger when the contract is issued) Current Yield: -0.51% as of December 31, 2019 Effective Yield: -0.51% as of December 31, 2019 B-6 Past Performance is not a Guarantee or Projection of Future Results. Other Subaccounts Standardized Total Return. Sales literature or advertisements may quote total return, including average annual total return for one or more of the Subaccounts for various periods of time including 1 year, 5 years and 10 years, or from inception if any of those periods are not available. Average annual total return for a period represents the average annual compounded rate of return that would equate an initial investment of $1,000 under a contract to the redemption value of that investment as of the last day of the period. The ending date for each period for which total return quotations are provided will be for the most recent practicable, considering the type and media of the communication, and will be stated in the communication. For periods that began before the contract was available, performance data will be based on the performance of the underlying Portfolios, adjusted for the level of the Separate Account and contract charges currently in effect. Average annual total return will be calculated using Subaccount unit values and deductions for the annual contract charge and the surrender charge as described below: (1) We calculate the unit value for each Valuation Period based on the performance of the Subaccount's underlying investment Portfolio (after deductions for Portfolio expenses, the administrative expense charge, and the mortality and expense risk charge that applies when either Annuitant is older than age 70 at issue). (2) The annual contract charge is $30 deducted at the beginning of each contract year after the first. For purposes of calculating average annual total return, we assume that the annual contract charge is equivalent to 0.30% of Contract Value. This charge is waived if the Contract Value is more than $40,000 at the time the charge is due. (3) The surrender charge will be determined by assuming a surrender of the contract at the end of the period. Average annual total return for periods of six years or less will therefore reflect the deduction of a surrender charge. (4) Standardized total return considers the charges for all optional death benefit riders. (5) Standardized total return does not reflect the deduction of any premium taxes. (6) Standardized total return will then be calculated according to the following formula: TR = (ERV/P)/1/N/ - 1 where: TR = the average annual total return for the period. ERV = the ending redeemable value (reflecting deductions as described above) of the hypothetical investment at the end of the period. P = a hypothetical single investment of $1,000. N = the duration of the period (in years). The Portfolios have provided the price information used to calculate the historical performance of the Subaccounts. We have no reason to doubt the accuracy of the figures provided by the Portfolios. We have not independently verified such information. Other Performance Data We may disclose cumulative total return in conjunction with the standardized format described above. The cumulative total return will be calculated using the following formula: CTR = (ERV/P)-1 where: CTR = the cumulative total return for the period. ERV = the ending redeemable value (reflecting deductions as described above) of the hypothetical investment at the end of the period. P = a hypothetical single investment of $1,000. Sales literature may also quote cumulative and/or average annual total return that does not reflect the surrender charge. This is calculated in exactly the same way as average annual total return, except that the ending redeemable value of the hypothetical investment is replaced with an ending value for the period that does not take into account any charges on withdrawn amounts. If such charges were included, the performance numbers would be lower. Other non-standardized quotations of Subaccount performance may also be used in sales literature. Such quotations will be accompanied by a description of how they were calculated. We will accompany any non-standardized quotations of Subaccount performance with standardized performance quotations. B-7 Tax Matters Taxation of Genworth Life and Annuity Insurance Company We do not expect to incur any federal income tax liability attributable to investment income or capital gains retained as part of the reserves under the contracts. See the "Tax Matters" section of the prospectus. Based upon these expectations, no charge is being made currently to the Separate Account for federal income taxes. We will periodically review the question of a charge to the Separate Account for federal income taxes related to the Separate Account. Such a charge may be made in future years if we believe that we may incur federal income taxes. This might become necessary if the tax treatment of the Company is ultimately determined to be other than what we currently believe it to be, if there are changes made in the federal income tax treatment of annuities at the corporate level, or if there is a change in our tax status. In the event that we should incur federal income taxes attributable to investment income or capital gains retained as part of the reserves under the contracts, the Contract Value would be correspondingly adjusted by any provision or charge for such taxes. We may also incur state and local taxes (in addition to premium taxes). At present, these taxes, with the exception of premium taxes, are not significant. If there is a material change in applicable state or local tax laws causing an increase in taxes other than premium taxes (for which we currently impose a charge), charges for such taxes attributable to the Separate Account may be made. IRS Required Distributions In order to be treated as an annuity contract for federal income tax purposes, Section 72(s) of the Code requires any Non-Qualified Contract to provide that: (a) if any owner dies on or after the Annuity Commencement Date but prior to the time the entire interest in the contract has been distributed, the remaining portion of such interest will be distributed at least as rapidly as under the method of distribution being used as of the date of that owner's death; and (b) if any owner dies prior to the Annuity Commencement Date, the entire interest in the contract will be distributed: (1) within five years after the date of that owner's death; or (2) as income payments which will begin within one year of that owner's death and which will be made over the life of the owner's "designated beneficiary" or over a period not extending beyond the life expectancy of that beneficiary. The "designated beneficiary" generally is the person who will be treated as the sole owner of the contract following the death of the owner, joint owner or, in certain circumstances, the Annuitant or Joint Annuitant. However, if the "designated beneficiary" is the surviving spouse of the decedent, these distribution rules will not apply until the surviving spouse's death (and this spousal exception will not again be available). If any owner is not an individual, the death of the Annuitant or Joint Annuitant will be treated as the death of an owner for purposes of these rules. The Non-Qualified Contracts contain provisions which are intended to comply with the requirements of Section 72(s) of the Code, although no regulations interpreting these requirements have yet been issued. We intend to review such provisions and modify them if necessary to assure that they comply with the requirements of Section 72(s) when clarified by regulation or otherwise. Other rules apply to Qualified Contracts. General Provisions Using the Contracts as Collateral A Non-Qualified Contract can be assigned as collateral security. We must be notified in writing if a contract is assigned. Any payment made before the assignment is recorded at our Home Office will not be affected. We are not responsible for the validity of an assignment. Your rights and the rights of a beneficiary may be affected by an assignment. The basic benefits of a Non-Qualified Contract are assignable. Additional benefits added by rider may or may not be available/eligible for assignment. Assigning a contract as collateral may have adverse tax consequences. See the "Tax Matters" provision of the prospectus. A Qualified Contract may not be sold, assigned, transferred, discounted, pledged or otherwise transferred except under such conditions as may be allowed under applicable law. The Beneficiary You may select one or more primary and contingent beneficiaries during your lifetime upon application and by filing a written request with our Home Office. Each change of beneficiary revokes any previous designation. B-8 Non-Participating The contract is non-participating. No dividends are payable. Misstatement of Age or Gender If the Annuitant's age or gender, if applicable, was misstated on the contract data page, any contract benefits or proceeds, or availability thereof, will be determined using the correct age and gender. Incontestability We will not contest the contract. Statement of Values At least once each year, we will send you a statement of values within 30 days after each report date. The statement will show Contract Value, purchase payments and other financial transactions made by you during the report period. Trust as Owner or Beneficiary If a trust is named as the owner or beneficiary of this contract and subsequently exercises ownership rights or claims benefits hereunder, we will have no obligation to verify that a trust is in effect or that the trustee is acting within the scope of his/her authority. Payment of contract benefits to the trustee shall release us from all obligations under the contract to the extent of the payment. When we make a payment to the trustee, we will have no obligation to ensure that such payment is applied according to the terms of the trust agreement. Written Notice Any written notice should be sent to us at our Home Office at 6610 West Broad Street, Richmond, Virginia 23230. The contract number and the Annuitant's full name must be included. We will send all notices to the owner at the last known address on file with us. Legal Developments Regarding Employment-Related Benefit Plans On July 6, 1983, the Supreme Court held in Arizona Governing Committee for Tax Deferred Annuity v. Norris, 463 U.S. 1073 (1983), that optional annuity benefits provided under an employee's deferred compensation plan could not, under Title VII of the Civil Rights Act of 1964, vary between men and women on the basis of gender. The contract contains guaranteed annuity purchase rates for certain Optional Payment Plans that distinguish between men and women. Accordingly, employers and employee organizations should consider, in consultation with legal counsel, the impact of Norris, and Title VII generally, on any employment-related insurance or benefit program for which a contract may be purchased. Regulation of Genworth Life and Annuity Insurance Company Besides federal securities laws and Virginia insurance law, we are subject to the insurance laws and regulations of other states within which we are licensed to operate. Generally, the Insurance Department of any other state applies the laws of the state of domicile in determining permissible investments. Presently, we are licensed to do business in the District of Columbia, Bermuda, and all states, except New York. Experts The statutory financial statements of Genworth Life and Annuity Insurance Company as of December 31, 2019 and 2018, and for each of the years in the three-year period ended December 31, 2019, and the financial statements of the Genworth Life & Annuity VA Separate Account 1 (comprised of the subaccounts listed in the appendix of our report) as of December 31, 2019 and for the each of the years listed in the appendix of the report, have been included herein and in the registration statement in reliance upon the reports of KPMG LLP, independent registered public accounting firm, appearing elsewhere herein, and upon the authority of said firm as experts in accounting and auditing. The KPMG LLP report dated April 21, 2020 of Genworth Life and Annuity Insurance Company includes explanatory language that states that the financial statements are prepared by Genworth Life and Annuity Insurance Company using statutory accounting practices prescribed or permitted by the Virginia State Corporation Commission, Bureau of Insurance, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the financial statements are not intended to be presented in accordance with U.S. generally accepted accounting principles. The financial statements are presented fairly, in all material respects, in accordance with statutory accounting practices prescribed or permitted by the Virginia State Corporation Commission, Bureau of Insurance. The business address for KPMG LLP is 1021 East Cary Street, Suite 2000, Richmond, Virginia 23219. Financial Statements The Statement of Additional Information contains the financial statements of the Company and the financial statements of the Separate Account. You should distinguish the financial statements of the Company from the financial statements of the Separate Account. Please consider the financial statements of the Company only as bearing on our ability to meet our obligations under the contracts. You should not consider the financial statements of the Company as affecting the investment performance of the assets held in the Separate Account. B-9 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Financial Statements Year ended December 31, 2019 (With Report of Independent Registered Public Accounting Firm Thereon) GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Table of Contents Year ended December 31, 2019

Page ----- Report of Independent Registered public Accounting Firm.................... F-1 Statements of Assets and Liabilities....................................... F-6 Statements of Operations................................................... F-18 Statements of Changes in Net Assets........................................ F-30 Notes to Financials Statements............................................. F-63

Report of Independent Registered Public Accounting Firm To the Board of Directors of Genworth Life and Annuity Insurance Company and Contract Owners of Genworth Life & Annuity VA Separate Account 1: Opinion on the Financial Statements We have audited the accompanying statements of assets and liabilities of the subaccounts listed in the Appendix that comprise the Genworth Life & Annuity VA Separate Account 1 (the Separate Account) as of December 31, 2019, the related statements of operations for the year then ended and changes in net assets for each of the years in the two-year period then ended, and the related notes including the financial highlights in Note 6 for each of the years or periods presented in the five year period then ended (collectively, the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of each subaccount as of December 31, 2019, the results of its operations for the year then ended, the changes in its net assets for each of the years in the two-year period then ended, and the financial highlights in Note 6 for each of the years or periods presented in the five year period then ended, in conformity with U.S. generally accepted accounting principles. Basis for Opinion These financial statements are the responsibility of the Separate Account's management. Our responsibility is to express an opinion on these financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Separate Account in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Such procedures also included confirmation of securities owned as of December 31, 2019, by correspondence with the transfer agent of the underlying mutual funds. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. /s/ KPMG LLP We have served as the Separate Account's auditor since 1996. Richmond, Virginia April 22, 2020 F-1 Appendix Statement of assets and liabilities as of December 31, 2019, the related statement of operations for the year then ended, and the statements of changes in net assets for each of the years in the two-year period then ended. AB Variable Products Series Fund, Inc. AB Balanced Wealth Strategy Portfolio -- Class B AB Global Thematic Growth Portfolio -- Class B AB Growth and Income Portfolio -- Class B AB International Value Portfolio -- Class B AB Large Cap Growth Portfolio -- Class B AB Small Cap Growth Portfolio -- Class B AIM Variable Insurance Funds (Invesco Variable Insurance Funds) Invesco Oppenheimer V.I. Capital Appreciation Fund -- Series I Shares (1) Invesco Oppenheimer V.I. Capital Appreciation Fund -- Series II Shares (1) Invesco Oppenheimer V.I. Conservative Balanced Fund -- Series I Shares (1) Invesco Oppenheimer V.I. Conservative Balanced Fund -- Series II Shares (1) Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund -- Series I Shares (1) Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund -- Series II Shares (1) Invesco Oppenheimer V.I. Global Fund -- Series II Shares (1) Invesco Oppenheimer V.I. Global Strategic Income Fund -- Series I Shares (1) Invesco Oppenheimer V.I. Main Street Fund(R) -- Series II Shares (1) Invesco Oppenheimer V.I. Main Street Small Cap Fund(R) -- Series II Shares (1) Invesco Oppenheimer V.I. Total Return Bond Fund -- Series I Shares (1) Invesco V.I. American Franchise Fund -- Series I shares Invesco V.I. American Franchise Fund -- Series II shares Invesco V.I. Comstock Fund -- Series II shares Invesco V.I. Core Equity Fund -- Series I shares Invesco V.I. Equity and Income Fund -- Series II shares Invesco V.I. Global Real Estate Fund -- Series II shares Invesco V.I. Government Securities Fund -- Series I shares Invesco V.I. International Growth Fund -- Series II shares Invesco V.I. Managed Volatility Fund -- Series I shares Invesco V.I. Mid Cap Growth Fund -- Series I shares Invesco V.I. Technology Fund -- Series I shares Invesco V.I. Value Opportunities Fund -- Series II shares American Century Variable Portfolios II, Inc. VP Inflation Protection Fund -- Class II American Century Variable Portfolios, Inc. VP Income & Growth Fund -- Class I VP International Fund -- Class I VP Ultra(R) Fund -- Class I VP Value Fund -- Class I BNY Mellon BNY Mellon Investment Portfolios -- MidCap Stock Portfolio -- Initial Shares (1) BNY Mellon Sustainable U.S. Equity Portfolio, Inc. -- Initial Shares (1) BNY Mellon Variable Investment Fund -- Government Money Market Portfolio (1) BlackRock Variable Series Funds, Inc. BlackRock Advantage U.S. Total Market V.I. Fund -- Class III Shares BlackRock Basic Value V.I. Fund -- Class III Shares BlackRock Global Allocation V.I. Fund -- Class III Shares BlackRock Large Cap Focus Growth V.I. Fund -- Class III Shares Columbia Funds Variable Series Trust II CTIVP/SM/ -- Loomis Sayles Growth Fund -- Class 1 Columbia Variable Portfolio -- Overseas Core Fund -- Class 2 F-2 Deutsche DWS Variable Series I DWS Capital Growth VIP -- Class B Shares Deutsche DWS Variable Series II DWS CROCI(R) U.S. VIP -- Class B Shares DWS Small Mid Cap Value VIP -- Class B Shares Eaton Vance Variable Trust VT Floating -- Rate Income Fund Federated Insurance Series Federated High Income Bond Fund II -- Primary Shares Federated High Income Bond Fund II -- Service Shares Federated Kaufmann Fund II -- Service Shares Federated Managed Volatility Fund II -- Primary Shares Fidelity(R) Variable Insurance Products Fund VIP Asset Manager/SM/ Portfolio -- Initial Class VIP Asset Manager/SM/ Portfolio -- Service Class 2 VIP Balanced Portfolio -- Service Class 2 VIP Contrafund(R) Portfolio -- Initial Class VIP Contrafund(R) Portfolio -- Service Class 2 VIP Dynamic Capital Appreciation Portfolio -- Service Class 2 VIP Equity-Income Portfolio -- Initial Class VIP Equity-Income Portfolio -- Service Class 2 VIP Growth & Income Portfolio -- Initial Class VIP Growth & Income Portfolio -- Service Class 2 VIP Growth Opportunities Portfolio -- Initial Class VIP Growth Opportunities Portfolio -- Service Class 2 VIP Growth Portfolio -- Initial Class VIP Growth Portfolio -- Service Class 2 VIP Investment Grade Bond Portfolio -- Service Class 2 VIP Mid Cap Portfolio -- Initial Class VIP Mid Cap Portfolio -- Service Class 2 VIP Overseas Portfolio -- Initial Class VIP Value Strategies Portfolio -- Service Class 2 Franklin Templeton Variable Insurance Products Trust Franklin Allocation VIP Fund -- Class 2 Shares (1) Franklin Income VIP Fund -- Class 2 Shares Franklin Large Cap Growth VIP Fund -- Class 2 Shares Franklin Mutual Shares VIP Fund -- Class 2 Shares Templeton Foreign VIP Fund -- Class 1 Shares Templeton Foreign VIP Fund -- Class 2 Shares Templeton Global Bond VIP Fund -- Class 1 Shares Templeton Growth VIP Fund -- Class 2 Shares Goldman Sachs Variable Insurance Trust Goldman Sachs Government Money Market Fund -- Service Shares Goldman Sachs Large Cap Value Fund -- Institutional Shares Goldman Sachs Mid Cap Value Fund -- Institutional Shares JPMorgan Insurance Trust JPMorgan Insurance Trust Core Bond Portfolio -- Class 1 JPMorgan Insurance Trust Mid Cap Value Portfolio -- Class 1 JPMorgan Insurance Trust Small Cap Core Portfolio -- Class 1 JPMorgan Insurance Trust U.S. Equity Portfolio -- Class 1 F-3 Janus Aspen Series Janus Henderson Balanced Portfolio -- Institutional Shares Janus Henderson Balanced Portfolio -- Service Shares Janus Henderson Enterprise Portfolio -- Institutional Shares Janus Henderson Enterprise Portfolio -- Service Shares Janus Henderson Flexible Bond Portfolio -- Institutional Shares Janus Henderson Forty Portfolio -- Institutional Shares Janus Henderson Forty Portfolio -- Service Shares Janus Henderson Global Research Portfolio -- Institutional Shares Janus Henderson Global Research Portfolio -- Service Shares Janus Henderson Global Technology Portfolio -- Service Shares Janus Henderson Overseas Portfolio -- Institutional Shares Janus Henderson Overseas Portfolio -- Service Shares Janus Henderson Research Portfolio -- Institutional Shares Janus Henderson Research Portfolio -- Service Shares Legg Mason Partners Variable Equity Trust ClearBridge Variable Aggressive Growth Portfolio -- Class II ClearBridge Variable Dividend Strategy Portfolio -- Class I ClearBridge Variable Dividend Strategy Portfolio -- Class II ClearBridge Variable Large Cap Value Portfolio -- Class I MFS(R) Variable Insurance Trust MFS(R) Investors Trust Series -- Service Class Shares MFS(R) New Discovery Series -- Service Class Shares MFS(R) Total Return Series -- Service Class Shares MFS(R) Utilities Series -- Service Class Shares MFS(R) Variable Insurance Trust II MFS(R) Massachusetts Investors Growth Stock Portfolio -- Service Class Shares MFS(R) Strategic Income Portfolio -- Service Class Shares PIMCO Variable Insurance Trust All Asset Portfolio -- Advisor Class Shares High Yield Portfolio -- Administrative Class Shares International Bond Portfolio (U.S. Dollar Hedged) -- Administrative Class Shares Long-Term U.S. Government Portfolio -- Administrative Class Shares Low Duration Portfolio -- Administrative Class Shares Total Return Portfolio -- Administrative Class Shares Rydex Variable Trust NASDAQ -- 100(R) Fund State Street Variable Insurance Series Funds, Inc. Income V.I.S. Fund -- Class 1 Shares Premier Growth Equity V.I.S. Fund -- Class 1 Shares Real Estate Securities V.I.S. Fund -- Class 1 Shares S&P 500(R) Index V.I.S. Fund -- Class 1 Shares Small-Cap Equity V.I.S. Fund -- Class 1 Shares Total Return V.I.S. Fund -- Class 1 Shares Total Return V.I.S. Fund -- Class 3 Shares U.S. Equity V.I.S. Fund -- Class 1 Shares The Alger Portfolios Alger Large Cap Growth Portfolio -- Class I-2 Shares Alger Small Cap Growth Portfolio -- Class I-2 Shares F-4 The Prudential Series Fund Equity Portfolio -- Class II Shares Jennison 20/20 Focus Portfolio -- Class II Shares Jennison Portfolio -- Class II Shares Natural Resources Portfolio -- Class II Shares SP International Growth Portfolio -- Class II Shares SP Prudential U.S. Emerging Growth Portfolio -- Class II Shares Wells Fargo Variable Trust Wells Fargo VT Omega Growth Fund -- Class 2 (1)See Note 1 to the financial statements for the former name of the subaccount. F-5 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities December 31, 2019

AB Variable Products Series Fund, Inc. ----------------------------------------------------------------- AB AB Balanced Global AB AB AB Wealth Thematic Growth and International Large Cap Strategy Growth Income Value Growth Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Class B Class B Class B Class B Class B ---------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $12,088,635 $2,135,015 $43,536,177 $29,301,950 $26,581,983 Dividend receivable -- -- -- -- -- Receivable for units sold -- 7 -- -- 99 Total assets 12,088,635 2,135,022 43,536,177 29,301,950 26,582,082 Liabilities: Accrued expenses payable to affiliate (note 4b) 591 90 1,835 1,365 1,106 Payable for units withdrawn 38,353 -- 88,224 19,480 -- Total liabilities 38,944 90 90,059 20,845 1,106 Net assets attributable to: Variable annuity contract owners in the accumulation period 10,961,098 2,134,932 43,103,718 27,983,266 26,559,357 Variable annuity contract owners in the annuitization period 1,088,593 -- 342,400 1,297,839 21,619 Net assets $12,049,691 $2,134,932 $43,446,118 $29,281,105 $26,580,976 Investments in securities at cost $12,951,265 $1,424,316 $37,259,551 $28,307,861 $21,538,842 Shares outstanding 1,196,895 66,325 1,462,909 2,057,721 464,071

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) ------------------------------------------------------------------------------------ Invesco Invesco Invesco Oppenheimer V.I. Invesco Oppenheimer V.I. Invesco Oppenheimer V.I. Global Oppenheimer V.I. Main Street Oppenheimer V.I. Global Strategic Income Main Street Small Cap Total Return Fund -- Fund -- Fund(R) -- Fund(R) -- Bond Fund -- Series II Shares Series I Shares Series II Shares Series II Shares Series I Shares ----------------------------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $67,521,200 $2,629,165 $112,380,782 $29,685,749 $8,234,047 Dividend receivable -- -- -- -- -- Receivable for units sold -- -- -- -- 571 Total assets 67,521,200 2,629,165 112,380,782 29,685,749 8,234,618 Liabilities: Accrued expenses payable to affiliate (note 4b) 2,925 101 5,257 1,343 320 Payable for units withdrawn 62,826 1,427 55,499 9,472 -- Total liabilities 65,751 1,528 60,756 10,815 320 Net assets attributable to: Variable annuity contract owners in the accumulation period 66,594,625 2,569,377 106,288,466 28,766,872 8,141,203 Variable annuity contract owners in the annuitization period 860,824 58,260 6,031,560 908,062 93,095 Net assets $67,455,449 $2,627,637 $112,320,026 $29,674,934 $8,234,298 Investments in securities at cost $59,734,908 $2,800,681 $101,304,319 $27,700,491 $8,565,384 Shares outstanding 1,609,564 529,007 3,868,529 1,296,887 1,038,341

See accompanying notes to financial statements. F-6 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

AB Variable Products Series Fund, Inc. (continued) AIM Variable Insurance Funds (Invesco Variable Insurance Funds) --------------------------------------------------------------------------------------------------------------------- Invesco Invesco Invesco Invesco Invesco Invesco AB Oppenheimer V.I. Oppenheimer V.I. Oppenheimer V.I. Oppenheimer V.I. Oppenheimer V.I. Oppenheimer V.I. Small Cap Capital Capital Conservative Conservative Discovery Mid Discovery Mid Growth Appreciation Appreciation Balanced Balanced Cap Growth Cap Growth Portfolio -- Fund -- Fund -- Fund -- Fund -- Fund -- Fund -- Class B Series I Shares Series II Shares Series I Shares Series II Shares Series I Shares Series II Shares --------------------------------------------------------------------------------------------------------------------- $14,854,910 $25,301,302 $4,418,572 $9,806,838 $18,374,547 $23,286,097 $10,718,481 -- -- -- -- -- -- -- 298 -- -- -- 249 -- -- 14,855,208 25,301,302 4,418,572 9,806,838 18,374,796 23,286,097 10,718,481 613 971 179 363 956 861 463 -- 5,494 447 174 -- 844 34,610 613 6,465 626 537 956 1,705 35,073 14,843,381 25,142,024 4,417,946 9,698,429 17,226,577 23,039,521 10,683,408 11,214 152,813 -- 107,872 1,147,263 244,871 -- $14,854,595 $25,294,837 $4,417,946 $9,806,301 $18,373,840 $23,284,392 $10,683,408 $13,887,341 $19,286,211 $3,604,060 $8,697,848 $16,031,626 $17,555,976 $9,827,587 836,896 423,311 75,312 601,278 1,141,986 277,811 137,947

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) ------------------------------------------------------------------------------------------------------------------- Invesco Invesco Invesco Invesco Invesco Invesco V.I. V.I. Invesco V.I. V.I. V.I. V.I. American American V.I. Core Equity and Global Government Franchise Franchise Comstock Equity Income Real Estate Securities Fund -- Fund -- Fund -- Fund -- Fund -- Fund -- Fund -- Series I shares Series II shares Series II shares Series I shares Series II shares Series II shares Series I shares ------------------------------------------------------------------------------------------------------------------- $23,989,256 $5,082,612 $23,930,212 $98,329,654 $18,666,582 $211,209 $-- -- -- -- -- -- -- -- -- -- -- -- 197,823 -- -- 23,989,256 5,082,612 23,930,212 98,329,654 18,864,405 211,209 -- 1,004 212 1,021 4,653 965 11 -- 88,477 398 99,036 19,619 -- 5 -- 89,481 610 100,057 24,272 965 16 -- 23,899,775 5,079,677 23,800,426 92,798,333 18,128,737 142,051 -- -- 2,325 29,729 5,507,049 734,703 69,142 -- $23,899,775 $5,082,002 $23,830,155 $98,305,382 $18,863,440 $211,193 $-- $21,689,152 $3,282,261 $21,780,235 $98,409,958 $17,794,042 $190,014 $-- 357,249 79,540 1,400,246 2,813,438 1,071,560 11,879 --

See accompanying notes to financial statements. F-7 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

American American Century Century AIM Variable Insurance Funds (Invesco Variable Variable Variable Insurance Funds) (continued) Portfolios II, Inc. Portfolios, Inc. ------------------------------------------------- ------------------- ---------------- Invesco Invesco V.I. Invesco V.I. VP VP International V.I. Value Inflation Income & Growth Technology Opportunities Protection Growth Fund -- Fund -- Fund -- Fund -- Fund -- Series II shares Series I shares Series II shares Class II Class I ------------------------------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $42,269,010 $-- $4,323,540 $35,559,522 $337,550 Dividend receivable -- -- -- -- -- Receivable for units sold -- -- 1,069 -- -- Total assets 42,269,010 -- 4,324,609 35,559,522 337,550 Liabilities: Accrued expenses payable to affiliate (note 4b) 1,949 -- 185 1,705 17 Payable for units withdrawn 9,683 -- -- 4,398 9 Total liabilities 11,632 -- 185 6,103 26 Net assets attributable to: Variable annuity contract owners in the accumulation period 40,533,691 -- 4,318,192 33,292,234 238,417 Variable annuity contract owners in the annuitization period 1,723,687 -- 6,232 2,261,185 99,107 Net assets $42,257,378 $-- $4,324,424 $35,553,419 $337,524 Investments in securities at cost $36,974,571 $-- $5,227,555 $35,655,322 $301,800 Shares outstanding 1,098,467 -- 774,828 3,465,840 33,688

Columbia Funds BlackRock Variable Series Funds, Inc. (continued) Variable Series Trust II -------------------------------------------------- -------------------------- BlackRock Columbia BlackRock BlackRock Large Cap Variable Basic Global Focus CTIVP/SM/ -- Portfolio -- Value Allocation Growth Loomis Sayles Overseas V.I. V.I. V.I. Growth Core Fund -- Fund -- Fund -- Fund -- Fund -- Class III Shares Class III Shares Class III Shares Class 1 Class 2 ---------------------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $29,766,654 $206,966,416 $7,143,586 $37,710,472 $13,211,707 Dividend receivable -- -- -- -- -- Receivable for units sold -- -- -- -- -- Total assets 29,766,654 206,966,416 7,143,586 37,710,472 13,211,707 Liabilities: Accrued expenses payable to affiliate (note 4b) 1,376 10,421 318 1,709 505 Payable for units withdrawn 5,824 15,202 1 70,102 1,542 Total liabilities 7,200 25,623 319 71,811 2,047 Net assets attributable to: Variable annuity contract owners in the accumulation period 28,472,494 190,150,778 7,143,267 36,362,130 13,201,227 Variable annuity contract owners in the annuitization period 1,286,960 16,790,015 -- 1,276,531 8,433 Net assets $29,759,454 $206,940,793 $7,143,267 $37,638,661 $13,209,660 Investments in securities at cost $30,396,136 $198,037,104 $6,668,677 $24,381,251 $12,988,117 Shares outstanding 2,185,511 14,293,261 457,629 1,004,274 991,870

See accompanying notes to financial statements. F-8 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

BlackRock Variable Series American Century Variable Portfolios, Inc. (continued) BNY Mellon Funds, Inc. ---------------------------------------------------------------------------------------------------------------------- BNY Mellon BNY Mellon Investment BNY Mellon Variable BlackRock Portfolios -- Sustainable Investment Advantage VP VP VP MidCap U.S. Fund -- U.S. Total International Ultra(R) Value Stock Equity Government Market Fund -- Fund -- Fund -- Portfolio -- Portfolio, Inc. -- Money Market V.I. Fund -- Class I Class I Class I Initial Shares Initial Shares Portfolio Class III Shares ---------------------------------------------------------------------------------------------------------------------- $533,371 $39,279 $69,414 $98,935 $7,721,134 $1,060,802 $4,318,610 -- -- -- -- -- 1,032 -- -- -- -- -- -- -- -- 533,371 39,279 69,414 98,935 7,721,134 1,061,834 4,318,610 26 (30) 2 4 315 46 185 19 -- -- -- 245 -- 55 45 (30) 2 4 560 46 240 395,460 39,309 69,412 98,931 7,720,574 1,061,788 4,314,709 137,866 -- -- -- -- -- 3,661 $533,326 $39,309 $69,412 $98,931 $7,720,574 $1,061,788 $4,318,370 $449,658 $26,899 $43,330 $90,035 $6,373,709 $1,060,802 $4,595,950 46,380 1,877 5,923 5,308 196,467 1,060,802 264,459

Deutsche DWS Variable Eaton Vance Series I Deutsche DWS Variable Series II Variable Trust Federated Insurance Series ---------------------------------------------------------------------------------------------------------- DWS Federated Federated DWS Small High High Capital DWS Mid Cap VT Income Income Federated Growth CROCI(R) Value Floating-Rate Bond Bond Kaufmann VIP -- U.S. VIP -- VIP -- Income Fund II -- Fund II -- Fund II -- Class B Shares Class B Shares Class B Shares Fund Primary Shares Service Shares Service Shares ---------------------------------------------------------------------------------------------------------- $1,401 $50,680 $11,291 $47,253,600 $8,331,033 $9,986,344 $17,965,729 -- -- -- 152,434 -- -- -- -- -- -- -- -- -- -- 1,401 50,680 11,291 47,406,034 8,331,033 9,986,344 17,965,729 -- 3 1 2,141 332 420 802 -- -- 1 22,068 2,104 29 2,743 -- 3 2 24,209 2,436 449 3,545 1,401 50,677 11,289 45,568,563 8,291,159 9,956,956 17,939,261 -- -- -- 1,813,262 37,438 28,939 22,923 $1,401 $50,677 $11,289 $47,381,825 $8,328,597 $9,985,895 $17,962,184 $1,017 $42,615 $11,362 $47,597,576 $8,430,601 $10,062,580 $13,194,298 42 3,134 826 5,164,328 1,275,809 1,538,728 844,651

See accompanying notes to financial statements. F-9 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

Federated Insurance Series (continued) Fidelity(R) Variable Insurance Products Fund -------------- ----------------------------------------------------------- Federated VIP VIP Managed Asset Asset VIP VIP Volatility Manager/SM/ Manager/SM/ Balanced Contrafund(R) Fund II -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Primary Shares Initial Class Service Class 2 Service Class 2 Initial Class ------------------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $9,676,976 $37,635,509 $5,036,383 $65,453,787 $98,367,846 Dividend receivable -- -- -- -- -- Receivable for units sold 6,041 -- -- -- -- Total assets 9,683,017 37,635,509 5,036,383 65,453,787 98,367,846 Liabilities: Accrued expenses payable to affiliate (note 4b) 385 1,260 253 3,294 3,844 Payable for units withdrawn -- 5,142 -- 7,734 219,454 Total liabilities 385 6,402 253 11,028 223,298 Net assets attributable to: Variable annuity contract owners in the accumulation period 9,617,876 37,130,155 4,978,355 62,318,959 97,656,547 Variable annuity contract owners in the annuitization period 64,756 498,952 57,775 3,123,800 488,001 Net assets $9,682,632 $37,629,107 $5,036,130 $65,442,759 $98,144,548 Investments in securities at cost $8,620,159 $36,526,095 $4,864,489 $55,809,056 $75,566,148 Shares outstanding 856,370 2,471,143 339,837 3,441,314 2,646,431

Fidelity(R) Variable Insurance Products Fund (continued) --------------------------------------------------------------------------- VIP VIP Growth VIP VIP Investment VIP Opportunities Growth Growth Grade Bond Mid Cap Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Service Class 2 Initial Class Service Class 2 Service Class 2 Initial Class -------------------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $7,346,995 $61,692,611 $22,019,976 $75,102,729 $7,095 Dividend receivable -- -- -- -- -- Receivable for units sold -- -- -- -- -- Total assets 7,346,995 61,692,611 22,019,976 75,102,729 7,095 Liabilities: Accrued expenses payable to affiliate (note 4b) 124 2,270 928 3,567 -- Payable for units withdrawn 39,648 170,317 151,659 5,559 -- Total liabilities 39,772 172,587 152,587 9,126 -- Net assets attributable to: Variable annuity contract owners in the accumulation period 7,307,223 61,236,826 21,781,342 70,933,189 7,095 Variable annuity contract owners in the annuitization period -- 283,198 86,047 4,160,414 -- Net assets $7,307,223 $61,520,024 $21,867,389 $75,093,603 $7,095 Investments in securities at cost $5,581,664 $36,855,641 $15,705,253 $73,803,170 $6,720 Shares outstanding 152,903 780,030 284,386 5,853,681 215

See accompanying notes to financial statements. F-10 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

Fidelity(R) Variable Insurance Products Fund (continued) --------------------------------------------------------------------------------------------------------- VIP Dynamic VIP VIP VIP VIP Capital VIP VIP Growth & Growth & Growth Contrafund(R) Appreciation Equity-Income Equity-Income Income Income Opportunities Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Service Class 2 Service Class 2 Initial Class Service Class 2 Initial Class Service Class 2 Initial Class --------------------------------------------------------------------------------------------------------- $98,904,960 $1,896,987 $73,818,102 $66,856,621 $19,148,817 $14,020,380 $13,156,503 -- -- -- -- -- -- -- -- -- -- -- -- -- -- 98,904,960 1,896,987 73,818,102 66,856,621 19,148,817 14,020,380 13,156,503 4,298 81 2,770 2,971 738 597 520 50,525 27 2,480 168,670 138,212 30,208 -- 54,823 108 5,250 171,641 138,950 30,805 520 96,999,249 1,896,879 73,400,102 65,229,701 18,960,940 13,984,996 13,109,733 1,850,888 -- 412,750 1,455,279 48,927 4,579 46,250 $98,850,137 $1,896,879 $73,812,852 $66,684,980 $19,009,867 $13,989,575 $13,155,983 $81,736,674 $1,647,507 $66,206,172 $60,643,131 $14,157,170 $11,473,197 $8,143,367 2,739,750 148,900 3,105,515 2,894,226 863,727 649,693 269,269

Fidelity(R) Variable Insurance Products Fund (continued) Franklin Templeton Variable Insurance Products Trust -------------------------------------------------------------------------------------------------------------------- VIP Franklin Franklin VIP VIP Value Franklin Franklin Large Cap Mutual Mid Cap Overseas Strategies Allocation Income Growth Shares Portfolio -- Portfolio -- Portfolio -- VIP Fund -- VIP Fund -- VIP Fund -- VIP Fund -- Service Class 2 Initial Class Service Class 2 Class 2 Shares Class 2 Shares Class 2 Shares Class 2 Shares -------------------------------------------------------------------------------------------------------------------- $99,636,421 $12,318,498 $2,180,212 $51,623,804 $228,682,948 $171,995 $11,062,319 -- -- -- -- -- -- -- -- -- -- -- -- -- -- 99,636,421 12,318,498 2,180,212 51,623,804 228,682,948 171,995 11,062,319 4,377 463 91 2,720 12,432 7 466 21,429 316 14 1,422 57,046 -- 3,512 25,806 779 105 4,142 69,478 7 3,978 97,195,463 12,275,984 2,180,107 43,811,036 208,322,897 171,988 11,058,341 2,415,152 41,735 -- 7,808,626 20,290,573 -- -- $99,610,615 $12,317,719 $2,180,107 $51,619,662 $228,613,470 $171,988 $11,058,341 $97,356,750 $9,641,352 $2,051,578 $54,135,158 $217,749,251 $138,272 $10,278,488 3,138,155 532,577 162,339 7,580,588 14,373,535 7,818 588,108

See accompanying notes to financial statements. F-11 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

Goldman Sachs Variable Insurance Franklin Templeton Variable Insurance Products Trust (continued) Trust ---------------------------------------------------------------- -------------- Goldman Sachs Templeton Government Templeton Templeton Global Templeton Money Foreign Foreign Bond Growth Market VIP Fund -- VIP Fund -- VIP Fund -- VIP Fund -- Fund -- Class 1 Shares Class 2 Shares Class 1 Shares Class 2 Shares Service Shares ------------------------------------------------------------------------------------------------------------------------ Assets: Investments at fair value (note 2b) $4,987,158 $574,329 $4,922,899 $7,035,516 $112,287,628 Dividend receivable -- -- -- -- 123,561 Receivable for units sold -- -- -- -- 305,783 Total assets 4,987,158 574,329 4,922,899 7,035,516 112,716,972 Liabilities: Accrued expenses payable to affiliate (note 4b) 201 28 180 300 4,815 Payable for units withdrawn 183 24 -- 1,317 -- Total liabilities 384 52 180 1,617 4,815 Net assets attributable to: Variable annuity contract owners in the accumulation period 4,979,460 434,637 4,830,709 6,964,658 111,626,605 Variable annuity contract owners in the annuitization period 7,314 139,640 92,010 69,241 1,085,552 Net assets $4,986,774 $574,277 $4,922,719 $7,033,899 $112,712,157 Investments in securities at cost $5,121,221 $579,498 $5,252,280 $7,952,914 $112,287,628 Shares outstanding 350,468 41,230 294,961 645,460 112,287,628

Janus Aspen Series (continued) ----------------------------------------------------------------------- Janus Janus Janus Janus Henderson Janus Henderson Henderson Henderson Enterprise Henderson Flexible Bond Forty Balanced Portfolio -- Enterprise Portfolio -- Portfolio -- Portfolio -- Institutional Portfolio -- Institutional Institutional Service Shares Shares Service Shares Shares Shares ---------------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $104,270,488 $47,923,002 $5,787,670 $9,268,862 $37,313,417 Dividend receivable -- -- -- -- -- Receivable for units sold -- -- 15 -- -- Total assets 104,270,488 47,923,002 5,787,685 9,268,862 37,313,417 Liabilities: Accrued expenses payable to affiliate (note 4b) 5,117 1,870 243 368 1,497 Payable for units withdrawn 68,306 1,360 -- 11,149 191,255 Total liabilities 73,423 3,230 243 11,517 192,752 Net assets attributable to: Variable annuity contract owners in the accumulation period 99,621,629 47,621,692 5,776,978 9,195,139 36,777,234 Variable annuity contract owners in the annuitization period 4,575,436 298,080 10,464 62,206 343,431 Net assets $104,197,065 $47,919,772 $5,787,442 $9,257,345 $37,120,665 Investments in securities at cost $78,449,043 $26,566,730 $3,372,053 $9,369,888 $29,196,121 Shares outstanding 2,500,491 560,765 72,409 780,207 840,771

See accompanying notes to financial statements. F-12 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

Goldman Sachs Variable Insurance Janus Aspen Trust (continued) JPMorgan Insurance Trust Series ----------------------------------------------------------------------------------------------------- JPMorgan JPMorgan JPMorgan JPMorgan Janus Goldman Sachs Goldman Sachs Insurance Insurance Insurance Insurance Henderson Large Cap Mid Cap Trust Trust Trust Trust Balanced Value Fund -- Value Fund -- Core Bond Mid Cap Value Small Cap Core U.S. Equity Portfolio -- Institutional Institutional Portfolio -- Portfolio -- Portfolio -- Portfolio -- Institutional Shares Shares Class 1 Class 1 Class 1 Class 1 Shares ----------------------------------------------------------------------------------------------------- $6,088,900 $32,581,264 $2,579,249 $342,238 $92,608 $1,351,284 $68,142,944 -- -- -- -- -- -- -- -- -- 69 -- -- -- -- 6,088,900 32,581,264 2,579,318 342,238 92,608 1,351,284 68,142,944 240 1,320 131 18 5 70 2,660 39,246 28,089 -- 14 5 70 159,686 39,486 29,409 131 32 10 140 162,346 5,976,241 32,412,658 1,769,333 237,253 59,835 862,442 67,363,206 73,173 139,197 809,854 104,953 32,763 488,702 617,392 $6,049,414 $32,551,855 $2,579,187 $342,206 $92,598 $1,351,144 $67,980,598 $6,699,260 $29,912,152 $2,529,395 $307,190 $84,408 $1,070,640 $48,876,225 662,557 2,008,709 229,471 28,979 4,019 41,874 1,726,012

Janus Aspen Series (continued) ----------------------------------------------------------------------------------------------------- Janus Henderson Janus Janus Janus Janus Janus Global Henderson Henderson Henderson Janus Henderson Henderson Research Global Global Overseas Henderson Research Forty Portfolio -- Research Technology Portfolio -- Overseas Portfolio -- Portfolio -- Institutional Portfolio -- Portfolio -- Institutional Portfolio -- Institutional Service Shares Shares Service Shares Service Shares Shares Service Shares Shares ----------------------------------------------------------------------------------------------------- $13,299,021 $36,539,332 $2,942,758 $9,593,749 $19,832,306 $2,286,776 $40,530,828 -- -- -- -- -- -- -- -- -- 191 -- -- -- -- 13,299,021 36,539,332 2,942,949 9,593,749 19,832,306 2,286,776 40,530,828 535 1,405 123 390 792 96 1,558 2,104 127,916 -- 188 859 8 3,380 2,639 129,321 123 578 1,651 104 4,938 13,261,779 36,139,763 2,931,137 9,524,254 19,717,859 2,286,672 40,386,951 34,603 270,248 11,689 68,917 112,796 -- 138,939 $13,296,382 $36,410,011 $2,942,826 $9,593,171 $19,830,655 $2,286,672 $40,525,890 $11,304,586 $21,219,005 $1,724,307 $5,633,207 $21,898,897 $2,159,226 $27,149,754 320,227 645,685 53,243 638,307 595,744 71,686 993,646

See accompanying notes to financial statements. F-13 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

Janus Aspen Series (continued) Legg Mason Partners Variable Equity Trust -------------- --------------------------------------------------- ClearBridge ClearBridge ClearBridge ClearBridge Janus Variable Variable Variable Variable Henderson Aggressive Dividend Dividend Large Cap Research Growth Strategy Strategy Value Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Service Shares Class II Class I Class II Class I ----------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $3,178,567 $5,774,352 $4,357,420 $7,828,111 $14,896,909 Dividend receivable -- -- -- -- -- Receivable for units sold 215 -- -- -- 18 Total assets 3,178,782 5,774,352 4,357,420 7,828,111 14,896,927 Liabilities: Accrued expenses payable to affiliate (note 4b) 135 254 173 382 634 Payable for units withdrawn -- 175 -- 577 -- Total liabilities 135 429 173 959 634 Net assets attributable to: Variable annuity contract owners in the accumulation period 3,176,502 5,707,937 4,357,247 7,583,721 14,869,437 Variable annuity contract owners in the annuitization period 2,145 65,986 -- 243,431 26,856 Net assets $3,178,647 $5,773,923 $4,357,247 $7,827,152 $14,896,293 Investments in securities at cost $2,109,560 $5,390,086 $3,183,294 $5,947,709 $13,089,792 Shares outstanding 80,186 208,913 207,496 371,353 700,701

PIMCO Variable Insurance Trust (continued) -------------------------------------------------------------------------- International Long-Term Bond Portfolio U.S. Low Total High Yield (U.S. Dollar Government Duration Return Portfolio -- Hedged) -- Portfolio -- Portfolio -- Portfolio -- Administrative Administrative Administrative Administrative Administrative Class Shares Class Shares Class Shares Class Shares Class Shares ------------------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $46,183,071 $1,848,599 $38,470,145 $41,886,696 $155,387,072 Dividend receivable 178,373 2,610 64,743 88,634 385,793 Receivable for units sold -- 188 5,951 -- 307,494 Total assets 46,361,444 1,851,397 38,540,839 41,975,330 156,080,359 Liabilities: Accrued expenses payable to affiliate (note 4b) 2,127 79 1,798 1,962 6,980 Payable for units withdrawn 25,658 -- -- 80,297 -- Total liabilities 27,785 79 1,798 82,259 6,980 Net assets attributable to: Variable annuity contract owners in the accumulation period 44,401,120 1,830,967 36,824,549 40,534,021 151,407,102 Variable annuity contract owners in the annuitization period 1,932,539 20,351 1,714,492 1,359,050 4,666,277 Net assets $46,333,659 $1,851,318 $38,539,041 $41,893,071 $156,073,379 Investments in securities at cost $44,741,223 $1,717,128 $36,746,784 $42,176,383 $154,501,429 Shares outstanding 5,809,191 163,304 2,982,182 4,106,539 14,100,460

See accompanying notes to financial statements. F-14 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

PIMCO Variable MFS(R) Variable Insurance Trust MFS(R) Variable Insurance Trust II Insurance Trust --------------------------------------------------------------------------------------------------------- MFS(R) Massachusetts MFS(R) MFS(R) MFS(R) New MFS(R) Total MFS(R) Investors Strategic Investors Discovery Return Utilities Growth Stock Income All Asset Trust Series -- Series -- Series -- Series -- Portfolio -- Portfolio -- Portfolio -- Service Service Service Service Service Service Advisor Class Shares Class Shares Class Shares Class Shares Class Shares Class Shares Class Shares --------------------------------------------------------------------------------------------------------- $4,994,758 $18,400,586 $38,897,595 $13,257,598 $7,201,824 $23,569 $5,118,425 -- -- -- -- -- -- -- 43 791 258 513 -- -- -- 4,994,801 18,401,377 38,897,853 13,258,111 7,201,824 23,569 5,118,425 210 770 2,019 559 309 1 222 -- -- -- -- 429,724 -- 44 210 770 2,019 559 430,033 1 266 4,985,747 18,385,469 37,239,320 13,256,617 6,649,918 23,568 5,118,159 8,844 15,138 1,656,514 935 121,873 -- -- $4,994,591 $18,400,607 $38,895,834 $13,257,552 $6,771,791 $23,568 $5,118,159 $3,463,104 $17,218,527 $33,934,238 $10,358,785 $5,713,906 $23,075 $5,040,007 152,419 1,021,120 1,592,206 383,611 323,387 2,381 468,720

Rydex Variable Trust State Street Variable Insurance Series Funds, Inc. ---------------------------------------------------------------------------------------------------------- Premier Growth Real Estate S&P 500(R) Small-Cap Total Income Equity Securities Index Equity Return V.I.S. V.I.S. V.I.S. V.I.S. V.I.S. V.I.S. NASDAQ -- 100(R) Fund -- Fund -- Fund -- Fund -- Fund -- Fund -- Fund Class 1 Shares Class 1 Shares Class 1 Shares Class 1 Shares Class 1 Shares Class 1 Shares ---------------------------------------------------------------------------------------------------------- $5,361,038 $14,610,866 $29,468,431 $44,214,945 $151,282,850 $28,380,061 $751,255,584 -- -- -- -- -- -- -- 119 -- -- -- -- -- -- 5,361,157 14,610,866 29,468,431 44,214,945 151,282,850 28,380,061 751,255,584 221 598 1,229 1,875 6,175 1,192 33,676 -- 7,304 28,162 17,640 205,982 29,939 142,738 221 7,902 29,391 19,515 212,157 31,131 176,414 5,360,936 14,482,968 29,227,675 43,328,623 150,439,512 28,264,312 323,560,320 -- 119,996 211,365 866,807 631,181 84,618 427,518,850 $5,360,936 $14,602,964 $29,439,040 $44,195,430 $151,070,693 $28,348,930 $751,079,170 $3,731,512 $14,092,828 $25,205,288 $44,249,503 $100,956,228 $28,617,594 $799,495,644 109,722 1,217,572 292,085 3,422,209 3,245,717 2,156,540 47,219,081

See accompanying notes to financial statements. F-15 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

State Street Variable Insurance The Prudential Series Funds, Inc. (continued) The Alger Portfolios Series Fund ------------------------------- --------------------------------- --------------- Total U.S. Alger Alger Jennison Return Equity Large Cap Small Cap 20/20 V.I.S. V.I.S. Growth Growth Focus Fund -- Fund -- Portfolio -- Portfolio -- Portfolio -- Class 3 Shares Class 1 Shares Class I-2 Shares Class I-2 Shares Class II Shares -------------------------------------------------------------------------------------------------------------------------- Assets: Investments at fair value (note 2b) $457,669,122 $21,425,130 $25,846,329 $18,058,226 $5,309,253 Dividend receivable -- -- -- -- -- Receivable for units sold -- -- -- -- -- Total assets 457,669,122 21,425,130 25,846,329 18,058,226 5,309,253 Liabilities: Accrued expenses payable to affiliate (note 4b) 24,001 886 1,021 712 225 Payable for units withdrawn 30,754 2,970 150,608 992 499 Total liabilities 54,755 3,856 151,629 1,704 724 Net assets attributable to: Variable annuity contract owners in the accumulation period 390,561,722 21,405,440 25,519,367 17,843,341 5,308,529 Variable annuity contract owners in the annuitization period 67,052,645 15,834 175,333 213,181 -- Net assets $457,614,367 $21,421,274 $25,694,700 $18,056,522 $5,308,529 Investments in securities at cost $477,880,091 $17,762,863 $20,110,625 $15,549,121 $2,403,944 Shares outstanding 28,856,817 456,145 401,902 629,426 146,786

See accompanying notes to financial statements. F-16 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Assets and Liabilities -- Continued December 31, 2019

Wells Fargo The Prudential Series Fund (continued) Variable Trust ------------------------------------------------------------------------------ SP Prudential Wells Fargo SP U.S. VT Natural International Emerging Omega Jennison Resources Growth Growth Growth Portfolio -- Portfolio -- Portfolio -- Portfolio -- Fund -- Class II Shares Class II Shares Class II Shares Class II Shares Class 2 ------------------------------------------------------------------------------ $5,678,818 $33,719,895 $-- $19,748 $8,325,935 -- -- -- -- -- -- -- -- -- -- 5,678,818 33,719,895 -- 19,748 8,325,935 240 1,572 -- 1 347 269 10,092 -- -- 255 509 11,664 -- 1 602 5,672,559 31,991,775 -- 19,747 8,325,333 5,750 1,716,456 -- -- -- $5,678,309 $33,708,231 $-- $19,747 $8,325,333 $3,298,584 $35,855,827 $-- $7,186 $7,147,033 72,861 1,438,562 -- 1,124 272,535

See accompanying notes to financial statements. F-17 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations

AB Variable Products Series Fund, Inc. ---------------------------------------------------------------------- AB AB Balanced Global AB AB AB Wealth Thematic Growth and International Large Cap Strategy Growth Income Value Growth Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Class B Class B Class B Class B Class B ------------ ------------ ------------ ------------- ------------ Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 ------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $275,955 $3,322 $445,368 $228,186 $-- Mortality and expense risk and administrative charges (note 4a) 217,248 31,958 675,848 503,482 377,344 Net investment income (expense) 58,707 (28,636) (230,480) (275,296) (377,344) Net realized and unrealized gain (loss) on investments: Net realized gain (loss) (144,054) 137,912 1,489,351 (227,919) 574,843 Change in unrealized appreciation (depreciation) 489,266 278,491 2,625,475 4,620,285 3,384,399 Capital gain distributions 1,431,565 116,397 4,681,527 -- 3,225,641 Net realized and unrealized gain (loss) on investments 1,776,777 532,800 8,796,353 4,392,366 7,184,883 Increase (decrease) in net assets from operations $1,835,484 $504,164 $8,565,873 $4,117,070 $6,807,539

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) ----------------------------------------------------------------------------------------- Invesco Invesco Invesco Oppenheimer V.I. Invesco Oppenheimer V.I. Invesco Oppenheimer V.I. Global Oppenheimer V.I. Main Street Oppenheimer V.I. Global Strategic Income Main Street Small Cap Total Return Fund -- Fund -- Fund(R) -- Fund(R) -- Bond Fund -- Series II Shares Series I Shares Series II Shares Series II Shares Series I Shares ---------------- ---------------- ---------------- ---------------- ---------------- Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 -------------------------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $405,178 $105,538 $927,397 $-- $276,278 Mortality and expense risk and administrative charges (note 4a) 1,015,576 38,552 1,930,946 482,797 115,358 Net investment income (expense) (610,398) 66,986 (1,003,549) (482,797) 160,920 Net realized and unrealized gain (loss) on investments: Net realized gain (loss) 1,495,168 (45,106) 2,470,864 194,414 (85,620) Change in unrealized appreciation (depreciation) 6,492,872 222,626 9,362,247 3,861,143 547,390 Capital gain distributions 9,150,385 -- 18,397,144 2,759,471 -- Net realized and unrealized gain (loss) on investments 17,138,425 177,520 30,230,255 6,815,028 461,770 Increase (decrease) in net assets from operations $16,528,027 $244,506 $29,226,706 $6,332,231 $622,690

See accompanying notes to financial statements. F-18 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

AB Variable Products Series Fund, Inc. (continued) AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -------------------------------------------------------------------------------------------------------------------------- Invesco Invesco Invesco Invesco Invesco Invesco AB Oppenheimer V.I. Oppenheimer V.I. Oppenheimer V.I. Oppenheimer V.I. Oppenheimer V.I. Oppenheimer V.I. Small Cap Capital Capital Conservative Conservative Discovery Mid Discovery Mid Growth Appreciation Appreciation Balanced Balanced Cap Growth Cap Growth Portfolio -- Fund -- Fund -- Fund -- Fund -- Fund -- Fund -- Class B Series I Shares Series II Shares Series I Shares Series II Shares Series I Shares Series II Shares -------------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 -------------------------------------------------------------------------------------------------------------------------- $-- $14,437 $-- $223,378 $363,463 $-- $-- 214,398 340,773 65,683 133,316 339,411 305,855 136,231 (214,398) (326,336) (65,683) 90,062 24,052 (305,855) (136,231) 175,625 962,278 126,217 134,753 431,776 995,496 70,970 2,107,773 4,180,680 747,992 1,061,056 1,741,755 3,427,138 1,581,828 1,934,385 2,273,320 418,261 158,222 292,203 2,879,233 1,118,284 4,217,783 7,416,278 1,292,470 1,354,031 2,465,734 7,301,867 2,771,082 $4,003,385 $7,089,942 $1,226,787 $1,444,093 $2,489,786 $6,996,012 $2,634,851

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) ----------------------------------------------------------------------------------------------------------------------- Invesco Invesco Invesco Invesco Invesco Invesco V.I. V.I. Invesco V.I. V.I. V.I. V.I. American American V.I. Core Equity and Global Government Franchise Franchise Comstock Equity Income Real Estate Securities Fund -- Fund -- Fund -- Fund -- Fund -- Fund -- Fund -- Series I shares Series II shares Series II shares Series I shares Series II shares Series II shares Series I shares ----------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 ----------------------------------------------------------------------------------------------------------------------- $-- $-- $391,839 $920,892 $415,586 $7,065 $-- 299,562 79,488 365,494 1,723,478 344,699 3,876 10 (299,562) (79,488) 26,345 (802,586) 70,887 3,189 (10) 282,871 610,523 370,527 (506,937) 210,908 4,371 (29) 2,572,726 247,077 1,420,044 13,837,659 1,415,884 31,677 145 3,115,377 710,919 2,992,047 11,191,306 1,295,335 242 -- 5,970,974 1,568,519 4,782,618 24,522,028 2,922,127 36,290 116 $5,671,412 $1,489,031 $4,808,963 $23,719,442 $2,993,014 $39,479 $106

See accompanying notes to financial statements. F-19 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

American Century AIM Variable Insurance Funds (Invesco Variable Variable Insurance Funds) (continued) Portfolios II, Inc. ---------------------------------------------------- ------------------- Invesco Invesco V.I. Invesco V.I. VP International V.I. Value Inflation Growth Technology Opportunities Protection Fund -- Fund -- Fund -- Fund -- Series II shares Series I shares Series II shares Class II ---------------- --------------- ---------------- ------------------- Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, 2019 2019 2019 2019 ------------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $542,425 $-- $-- $833,579 Mortality and expense risk and administrative charges (note 4a) 722,681 43 65,712 637,555 Net investment income (expense) (180,256) (43) (65,712) 196,024 Net realized and unrealized gain (loss) on investments: Net realized gain (loss) 1,164,192 2,012 (117,817) (195,627) Change in unrealized appreciation (depreciation) 6,243,126 2,252 341,876 2,521,781 Capital gain distributions 2,726,332 -- 878,004 -- Net realized and unrealized gain (loss) on investments 10,133,650 4,264 1,102,063 2,326,154 Increase (decrease) in net assets from operations $9,953,394 $4,221 $1,036,351 $2,522,178

American Century Variable Portfolios, Inc. ---------------- VP Income & Growth Fund -- Class I ---------------- Year ended December 31, 2019 --------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $7,005 Mortality and expense risk and administrative charges (note 4a) 6,232 Net investment income (expense) 773 Net realized and unrealized gain (loss) on investments: Net realized gain (loss) 4,746 Change in unrealized appreciation (depreciation) 32,343 Capital gain distributions 29,501 Net realized and unrealized gain (loss) on investments 66,590 Increase (decrease) in net assets from operations $67,363

Columbia Funds BlackRock Variable Series Funds, Inc. (continued) Variable Series Trust II ----------------------------------------------------- --------------------------- BlackRock Columbia BlackRock BlackRock Large Cap Variable Basic Global Focus CTIVP/SM/ -- Portfolio -- Value Allocation Growth Loomis Sayles Overseas V.I. V.I. V.I. Growth Core Fund -- Fund -- Fund -- Fund -- Fund -- Class III Shares Class III Shares Class III Shares Class 1 Class 2 ---------------- ---------------- ---------------- ------------- ------------ Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 -------------------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $601,355 $2,547,646 $-- $-- $233,441 Mortality and expense risk and administrative charges (note 4a) 494,667 3,918,222 103,288 640,342 206,220 Net investment income (expense) 106,688 (1,370,576) (103,288) (640,342) 27,221 Net realized and unrealized gain (loss) on investments: Net realized gain (loss) (67,377) 833,303 32,962 3,756,921 15,975 Change in unrealized appreciation (depreciation) 3,245,778 23,304,853 881,050 6,998,778 779,183 Capital gain distributions 2,392,562 8,081,556 714,957 -- 1,851,411 Net realized and unrealized gain (loss) on investments 5,570,963 32,219,712 1,628,969 10,755,699 2,646,569 Increase (decrease) in net assets from operations $5,677,651 $30,849,136 $1,525,681 $10,115,357 $2,673,790

See accompanying notes to financial statements. F-20 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

BlackRock Variable Series American Century Variable Portfolios, Inc. (continued) BNY Mellon Funds, Inc. ------------------------------------------------------------------------------------------------------------------------- BNY Mellon BNY Mellon Investment BNY Mellon Variable BlackRock Portfolios -- Sustainable Investment Advantage VP VP VP MidCap U.S. Fund -- U.S. Total International Ultra(R) Value Stock Equity Government Market Fund -- Fund -- Fund -- Portfolio -- Portfolio, Inc. -- Money Market V.I. Fund -- Class I Class I Class I Initial Shares Initial Shares Portfolio Class III Shares ------------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 ------------------------------------------------------------------------------------------------------------------------- $4,734 $-- $1,353 $615 $99,253 $18,003 $91,105 9,435 763 931 1,395 104,966 17,856 67,183 (4,701) (763) 422 (780) (5,713) 147 23,922 10,715 4,106 1,312 350 10,231 -- (44,773) 89,521 3,630 8,856 9,589 1,668,754 -- 504,769 28,437 4,440 3,701 6,809 219,638 -- 487,480 128,673 12,176 13,869 16,748 1,898,623 -- 947,476 $123,972 $11,413 $14,291 $15,968 $1,892,910 $147 $971,398

Deutsche DWS Variable Eaton Vance Series I Deutsche DWS Variable Series II Variable Trust Federated Insurance Series --------------------------------------------------------------------------------------------------------------- DWS Federated Federated DWS Small High High Capital DWS Mid Cap VT Income Income Federated Growth CROCI(R) Value Floating-Rate Bond Bond Kaufmann VIP -- U.S. VIP -- VIP -- Income Fund II -- Fund II -- Fund II -- Class B Shares Class B Shares Class B Shares Fund Primary Shares Service Shares Service Shares --------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 --------------------------------------------------------------------------------------------------------------- $18 $761 $39 $2,255,621 $539,510 $629,910 $-- 124 879 181 866,284 127,309 158,727 285,406 (106) (118) (142) 1,389,337 412,201 471,183 (285,406) 2,505 779 (70) (238,846) (91,877) (102,251) 981,316 (1,012) 8,095 1,307 1,656,512 742,579 854,446 2,483,844 1,252 3,897 779 -- -- -- 1,788,827 2,745 12,771 2,016 1,417,666 650,702 752,195 5,253,987 $2,639 $12,653 $1,874 $2,807,003 $1,062,903 $1,223,378 $4,968,581

See accompanying notes to financial statements. F-21 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

Federated Insurance Series (continued) Fidelity(R) Variable Insurance Products Fund -------------- --------------------------------------------------------------- Federated VIP VIP Managed Asset Asset VIP VIP Volatility Manager/SM/ Manager/SM/ Balanced Contrafund(R) Fund II -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Primary Shares Initial Class Service Class 2 Service Class 2 Initial Class -------------- ------------- --------------- --------------- ------------- Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 ----------------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $191,180 $643,656 $77,216 $968,791 $428,140 Mortality and expense risk and administrative charges (note 4a) 134,755 459,308 92,730 1,149,135 1,361,811 Net investment income (expense) 56,425 184,348 (15,514) (180,344) (933,671) Net realized and unrealized gain (loss) on investments: Net realized gain (loss) 67,347 (103,087) (18,451) 1,196,666 2,633,671 Change in unrealized appreciation (depreciation) 1,442,558 4,144,422 550,102 8,195,793 11,747,152 Capital gain distributions -- 1,611,678 219,699 2,969,180 10,958,244 Net realized and unrealized gain (loss) on investments 1,509,905 5,653,013 751,350 12,361,639 25,339,067 Increase (decrease) in net assets from operations $1,566,330 $5,837,361 $735,836 $12,181,295 $24,405,396

Fidelity(R) Variable Insurance Products Fund (continued) ------------------------------------------------------------------------------ VIP VIP Growth VIP VIP Investment VIP Opportunities Growth Growth Grade Bond Mid Cap Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Service Class 2 Initial Class Service Class 2 Service Class 2 Initial Class --------------- ------------- --------------- --------------- ------------- Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 ----------------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $-- $154,161 $11,652 $1,901,462 $63 Mortality and expense risk and administrative charges (note 4a) 158,505 803,176 325,928 1,327,088 63 Net investment income (expense) (158,505) (649,015) (314,276) 574,374 -- Net realized and unrealized gain (loss) on investments: Net realized gain (loss) 867,918 3,648,821 873,225 161,952 39 Change in unrealized appreciation (depreciation) 1,214,127 9,837,353 3,820,186 4,918,319 720 Capital gain distributions 974,993 3,771,081 1,327,052 -- 1,058 Net realized and unrealized gain (loss) on investments 3,057,038 17,257,255 6,020,463 5,080,271 1,817 Increase (decrease) in net assets from operations $2,898,533 $16,608,240 $5,706,187 $5,654,645 $1,817

See accompanying notes to financial statements. F-22 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

Fidelity(R) Variable Insurance Products Fund (continued) ------------------------------------------------------------------------------------------------------------ VIP Dynamic VIP VIP VIP VIP Capital VIP VIP Growth & Growth & Growth Contrafund(R) Appreciation Equity-Income Equity-Income Income Income Opportunities Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Service Class 2 Service Class 2 Initial Class Service Class 2 Initial Class Service Class 2 Initial Class ------------------------------------------------------------------------------------------------------------ Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 ------------------------------------------------------------------------------------------------------------ $210,611 $6,884 $1,401,972 $1,164,046 $658,068 $468,684 $17,925 1,582,002 28,530 976,018 1,057,661 261,757 213,285 181,308 (1,371,391) (21,646) 425,954 106,385 396,311 255,399 (163,383) 2,627,575 28,087 321,699 320,505 666,896 225,314 1,240,842 12,116,578 135,404 10,769,029 9,662,429 1,885,209 1,592,074 1,795,078 12,292,213 306,987 4,635,675 4,375,363 1,594,217 1,209,730 1,026,840 27,036,366 470,478 15,726,403 14,358,297 4,146,322 3,027,118 4,062,760 $25,664,975 $448,832 $16,152,357 $14,464,682 $4,542,633 $3,282,517 $3,899,377

Fidelity(R) Variable Insurance Products Fund (continued) Franklin Templeton Variable Insurance Products Trust ---------------------------------------------------------------------------------------------------------------------- VIP Franklin Franklin VIP VIP Value Franklin Franklin Large Cap Mutual Mid Cap Overseas Strategies Allocation Income Growth Shares Portfolio -- Portfolio -- Portfolio -- VIP Fund -- VIP Fund -- VIP Fund -- VIP Fund -- Service Class 2 Initial Class Service Class 2 Class 2 Shares Class 2 Shares Class 2 Shares Class 2 Shares ---------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 ---------------------------------------------------------------------------------------------------------------------- $661,088 $198,627 $29,680 $1,922,853 $12,762,690 $-- $203,596 1,635,141 174,482 32,310 1,024,751 4,674,436 2,641 181,958 (974,053) 24,145 (2,630) 898,102 8,088,254 (2,641) 21,638 (865,913) 672,672 (40,574) (1,232,665) 1,243,682 6,498 304,639 9,506,852 1,795,651 423,280 5,520,651 17,490,422 21,984 785,145 11,682,974 513,727 204,869 3,544,900 3,857,358 22,698 1,088,637 20,323,913 2,982,050 587,575 7,832,886 22,591,462 51,180 2,178,421 $19,349,860 $3,006,195 $584,945 $8,730,988 $30,679,716 $48,539 $2,200,059

See accompanying notes to financial statements. F-23 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

Goldman Sachs Variable Insurance Franklin Templeton Variable Insurance Products Trust (continued) Trust --------------------------------------------------------------- -------------- Goldman Sachs Templeton Government Templeton Templeton Global Templeton Money Foreign Foreign Bond Growth Market VIP Fund -- VIP Fund -- VIP Fund -- VIP Fund -- Fund -- Class 1 Shares Class 2 Shares Class 1 Shares Class 2 Shares Service Shares -------------- -------------- -------------- -------------- -------------- Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 ------------------------------------------------------------------------------------------------------------------------ Investment income and expense: Income -- Ordinary dividends $100,775 $9,978 $366,226 $202,496 $2,143,797 Mortality and expense risk and administrative charges (note 4a) 75,792 10,129 69,632 110,845 1,814,658 Net investment income (expense) 24,983 (151) 296,594 91,651 329,139 Net realized and unrealized gain (loss) on investments: Net realized gain (loss) (100,579) (8,007) (22,314) (301,353) -- Change in unrealized appreciation (depreciation) 577,049 60,639 (224,527) (306,649) -- Capital gain distributions 51,429 5,956 -- 1,391,057 -- Net realized and unrealized gain (loss) on investments 527,899 58,588 (246,841) 783,055 -- Increase (decrease) in net assets from operations $552,882 $58,437 $49,753 $874,706 $329,139

Janus Aspen Series (continued) ---------------------------------------------------------------------------- Janus Janus Janus Janus Henderson Janus Henderson Henderson Henderson Enterprise Henderson Flexible Bond Forty Balanced Portfolio -- Enterprise Portfolio -- Portfolio -- Portfolio -- Institutional Portfolio -- Institutional Institutional Service Shares Shares Service Shares Shares Shares -------------- ------------- -------------- ------------- ------------- Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 --------------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $1,627,002 $92,186 $2,836 $305,622 $53,635 Mortality and expense risk and administrative charges (note 4a) 1,767,705 673,362 86,627 134,392 530,450 Net investment income (expense) (140,703) (581,176) (83,791) 171,230 (476,815) Net realized and unrealized gain (loss) on investments: Net realized gain (loss) 4,653,832 3,828,761 360,753 (59,573) 1,042,180 Change in unrealized appreciation (depreciation) 11,092,841 7,262,018 944,878 601,477 7,138,008 Capital gain distributions 2,568,535 2,734,641 354,112 -- 2,879,922 Net realized and unrealized gain (loss) on investments 18,315,208 13,825,420 1,659,743 541,904 11,060,110 Increase (decrease) in net assets from operations $18,174,505 $13,244,244 $1,575,952 $713,134 $10,583,295

See accompanying notes to financial statements. F-24 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

Goldman Sachs Variable Insurance Janus Aspen Trust (continued) JPMorgan Insurance Trust Series --------------------------------------------------------------------------------------------------------- JPMorgan JPMorgan JPMorgan JPMorgan Janus Goldman Sachs Goldman Sachs Insurance Insurance Insurance Insurance Henderson Large Cap Mid Cap Trust Trust Trust Trust Balanced Value Fund -- Value Fund -- Core Bond Mid Cap Value Small Cap Core U.S. Equity Portfolio -- Institutional Institutional Portfolio -- Portfolio -- Portfolio -- Portfolio -- Institutional Shares Shares Class 1 Class 1 Class 1 Class 1 Shares --------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 --------------------------------------------------------------------------------------------------------- $87,197 $244,559 $67,126 $5,551 $391 $11,611 $1,252,166 85,177 472,741 48,022 6,445 1,799 25,449 943,376 2,020 (228,182) 19,104 (894) (1,408) (13,838) 308,790 (132,069) 110,414 (2,959) 5,238 2,510 65,738 2,744,076 1,188,719 7,204,390 144,912 49,153 7,424 204,553 7,605,029 208,559 1,147,056 -- 23,049 11,285 95,254 1,796,747 1,265,209 8,461,860 141,953 77,440 21,219 365,545 12,145,852 $1,267,229 $8,233,678 $161,057 $76,546 $19,811 $351,707 $12,454,642

Janus Aspen Series (continued) ------------------------------------------------------------------------------------------------------------ Janus Henderson Janus Janus Janus Janus Janus Global Henderson Henderson Henderson Janus Henderson Henderson Research Global Global Overseas Henderson Research Forty Portfolio -- Research Technology Portfolio -- Overseas Portfolio -- Portfolio -- Institutional Portfolio -- Portfolio -- Institutional Portfolio -- Institutional Service Shares Shares Service Shares Service Shares Shares Service Shares Shares ------------------------------------------------------------------------------------------------------------ Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 ------------------------------------------------------------------------------------------------------------ $2,704 $349,988 $25,003 $37,173 $357,816 $38,891 $175,421 191,694 508,733 44,940 131,570 276,280 32,857 547,506 (188,990) (158,745) (19,937) (94,397) 81,536 6,034 (372,085) 282,800 3,476,427 205,437 555,276 (855,600) (16,473) 2,407,259 2,509,163 3,395,313 318,021 1,988,746 5,034,085 483,722 5,085,572 1,041,930 2,125,240 181,071 617,155 -- -- 4,027,207 3,833,893 8,996,980 704,529 3,161,177 4,178,485 467,249 11,520,038 $3,644,903 $8,838,235 $684,592 $3,066,780 $4,260,021 $473,283 $11,147,953

See accompanying notes to financial statements. F-25 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

Janus Aspen Series (continued) Legg Mason Partners Variable Equity Trust -------------- ----------------------------------------------------- ClearBridge ClearBridge ClearBridge ClearBridge Janus Variable Variable Variable Variable Henderson Aggressive Dividend Dividend Large Cap Research Growth Strategy Strategy Value Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Service Shares Class II Class I Class II Class I -------------- ------------ ------------ ------------ ------------ Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 -------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $9,196 $40,642 $60,103 $98,944 $237,528 Mortality and expense risk and administrative charges (note 4a) 47,528 87,012 59,828 138,970 214,324 Net investment income (expense) (38,332) (46,370) 275 (40,026) 23,204 Net realized and unrealized gain (loss) on investments: Net realized gain (loss) 171,395 5,828 286,559 468,564 257,313 Change in unrealized appreciation (depreciation) 409,514 1,061,287 468,381 984,471 2,102,031 Capital gain distributions 322,184 101,053 310,159 568,550 862,886 Net realized and unrealized gain (loss) on investments 903,093 1,168,168 1,065,099 2,021,585 3,222,230 Increase (decrease) in net assets from operations $864,761 $1,121,798 $1,065,374 $1,981,559 $3,245,434

PIMCO Variable Insurance Trust (continued) ---------------------------------------------------------------------------- International Long-Term Bond Portfolio U.S. Low Total High Yield (U.S. Dollar Government Duration Return Portfolio -- Hedged) -- Portfolio -- Portfolio -- Portfolio -- Administrative Administrative Administrative Administrative Administrative Class Shares Class Shares Class Shares Class Shares Class Shares -------------- -------------- -------------- -------------- -------------- Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 --------------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $2,167,023 $36,611 $764,313 $1,187,962 $4,955,762 Mortality and expense risk and administrative charges (note 4a) 731,487 32,287 622,489 730,491 2,684,562 Net investment income (expense) 1,435,536 4,324 141,824 457,471 2,271,200 Net realized and unrealized gain (loss) on investments: Net realized gain (loss) 81,256 35,950 535,659 (126,247) (322,009) Change in unrealized appreciation (depreciation) 3,638,381 55,803 3,520,084 649,153 8,811,657 Capital gain distributions -- 14,188 -- -- -- Net realized and unrealized gain (loss) on investments 3,719,637 105,941 4,055,743 522,906 8,489,648 Increase (decrease) in net assets from operations $5,155,173 $110,265 $4,197,567 $980,377 $10,760,848

See accompanying notes to financial statements. F-26 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

PIMCO Variable MFS(R) Variable Insurance Trust MFS(R) Variable Insurance Trust II Insurance Trust ------------------------------------------------------------------------------------------------------------ MFS(R) Massachusetts MFS(R) MFS(R) MFS(R) New MFS(R) Total MFS(R) Investors Strategic Investors Discovery Return Utilities Growth Stock Income All Asset Trust Series -- Series -- Series -- Series -- Portfolio -- Portfolio -- Portfolio -- Service Service Service Service Service Service Advisor Class Shares Class Shares Class Shares Class Shares Class Shares Class Shares Class Shares ------------------------------------------------------------------------------------------------------------ Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 ------------------------------------------------------------------------------------------------------------ $23,452 $-- $816,778 $505,129 $23,010 $901 $157,133 75,887 250,647 737,205 210,526 106,377 376 92,028 (52,435) (250,647) 79,573 294,603 (83,367) 525 65,105 303,248 254,939 869,494 650,865 196,372 96 (17,031) 709,288 1,450,387 4,425,727 1,805,778 1,474,719 1,882 507,436 285,470 3,409,179 1,044,276 40,010 531,235 -- -- 1,298,006 5,114,505 6,339,497 2,496,653 2,202,326 1,978 490,405 $1,245,571 $4,863,858 $6,419,070 $2,791,256 $2,118,959 $2,503 $555,510

Rydex Variable Trust State Street Variable Insurance Series Funds, Inc. ----------------------------------------------------------------------------------------------------------------- Premier Growth Real Estate S&P 500(R) Small-Cap Total Income Equity Securities Index Equity Return V.I.S. V.I.S. V.I.S. V.I.S. V.I.S. V.I.S. NASDAQ -- 100(R) Fund -- Fund -- Fund -- Fund -- Fund -- Fund -- Fund Class 1 Shares Class 1 Shares Class 1 Shares Class 1 Shares Class 1 Shares Class 1 Shares ----------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 2019 2019 ----------------------------------------------------------------------------------------------------------------- $6,246 $29,512 $-- $595,006 $1,892,644 $-- $17,236,108 73,553 228,429 418,555 692,061 2,133,904 431,289 12,255,696 (67,307) (198,917) (418,555) (97,055) (241,260) (431,289) 4,980,412 132,907 9,717 624,637 282,494 8,056,833 (127,040) (11,588,647) 1,223,706 1,232,237 4,754,489 6,374,008 20,043,457 4,549,053 103,665,993 112,927 -- 3,252,046 2,934,009 8,318,067 2,034,764 -- 1,469,540 1,241,954 8,631,172 9,590,511 36,418,357 6,456,777 92,077,346 $1,402,233 $1,043,037 $8,212,617 $9,493,456 $36,177,097 $6,025,488 $97,057,758

See accompanying notes to financial statements. F-27 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

State Street Variable Insurance The Prudential Series Funds, Inc. (continued) The Alger Portfolios Series Fund ------------------------------- ----------------------------------- --------------- Total U.S. Alger Alger Jennison Return Equity Large Cap Small Cap 20/20 V.I.S. V.I.S. Growth Growth Focus Fund -- Fund -- Portfolio -- Portfolio -- Portfolio -- Class 3 Shares Class 1 Shares Class I-2 Shares Class I-2 Shares Class II Shares -------------- -------------- ---------------- ---------------- --------------- Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 ----------------------------------------------------------------------------------------------------------------------------- Investment income and expense: Income -- Ordinary dividends $9,380,058 $135,372 $-- $-- $-- Mortality and expense risk and administrative charges (note 4a) 9,007,441 322,709 388,174 271,478 80,722 Net investment income (expense) 372,617 (187,337) (388,174) (271,478) (80,722) Net realized and unrealized gain (loss) on investments: Net realized gain (loss) (8,287,842) 647,572 981,911 676,144 462,331 Change in unrealized appreciation (depreciation) 67,279,342 3,746,647 4,880,665 3,101,881 837,729 Capital gain distributions -- 1,235,374 477,611 963,120 -- Net realized and unrealized gain (loss) on investments 58,991,500 5,629,593 6,340,187 4,741,145 1,300,060 Increase (decrease) in net assets from operations $59,364,117 $5,442,256 $5,952,013 $4,469,667 $1,219,338

See accompanying notes to financial statements. F-28 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Operations -- Continued

Wells Fargo The Prudential Series Fund (continued) Variable Trust ------------------------------------------------------------------ -------------- SP Prudential Wells Fargo SP U.S. VT Natural International Emerging Omega Jennison Resources Growth Growth Growth Portfolio -- Portfolio -- Portfolio -- Portfolio -- Fund -- Class II Shares Class II Shares Class II Shares Class II Shares Class 2 --------------- --------------- --------------- --------------- -------------- Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, 2019 2019 2019 2019 2019 ---------------------------------------------------------------------------------- $-- $-- $-- $-- $-- 82,835 577,882 -- 285 121,836 (82,835) (577,882) -- (285) (121,836) 453,617 (896,778) 11 720 186,655 1,052,222 4,363,877 7 4,811 1,280,165 -- -- -- -- 978,561 1,505,839 3,467,099 18 5,531 2,445,381 $1,423,004 $2,889,217 $18 $5,246 $2,323,545

See accompanying notes to financial statements. F-29 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets

AB Variable Products Series Fund, Inc. ----------------------------------------------------------------------------- AB AB AB Balanced Wealth Global Thematic Growth and Strategy Portfolio -- Growth Portfolio -- Income Portfolio -- Class B Class B Class B ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $58,707 $(21,251) $(28,636) $(69,479) $(230,480) $(357,812) Net realized gain (loss) on investments (144,054) 56,788 137,912 554,019 1,489,351 1,887,660 Change in unrealized appreciation (depreciation) on investments 489,266 (2,162,254) 278,491 (876,156) 2,625,475 (9,594,665) Capital gain distribution 1,431,565 1,033,969 116,397 -- 4,681,527 4,759,282 Increase (decrease) in net assets from operations 1,835,484 (1,092,748) 504,164 (391,616) 8,565,873 (3,305,535) From capital transactions (note 4): Net premiums 37,136 6,598 70 6,980 132,304 85,388 Death benefits (16,400) (100,214) (1,522) (24,229) (302,454) (433,883) Surrenders (1,111,476) (1,309,503) (290,273) (513,949) (4,792,724) (3,499,481) Administrative expenses (95,078) (103,761) (10,424) (16,028) (103,604) (100,093) Transfers between subaccounts (including fixed account), net (803,469) (506,118) (55,023) (2,124,590) (610,202) 2,963,330 Increase (decrease) in net assets from capital transactions (1,989,287) (2,012,998) (357,172) (2,671,816) (5,676,680) (984,739) Increase (decrease) in net assets (153,803) (3,105,746) 146,992 (3,063,432) 2,889,193 (4,290,274) Net assets at beginning of year 12,203,494 15,309,240 1,987,940 5,051,372 40,556,925 44,847,199 Net assets at end of year $12,049,691 $12,203,494 $2,134,932 $1,987,940 $43,446,118 $40,556,925 Change in units (note 5): Units purchased 33,087 35,383 4,338 11,601 255,200 286,296 Units redeemed (178,355) (187,646) (21,892) (138,426) (477,974) (327,946) Net increase (decrease) in units from capital transactions with contract owners (145,268) (152,263) (17,554) (126,825) (222,774) (41,650)

See accompanying notes to financial statements. F-30 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

AIM Variable Insurance Funds (Invesco Variable AB Variable Products Series Fund, Inc. (continued) Insurance Funds) --------------------------------------------------------------------------------------------------------------------------------- AB AB AB Invesco Oppenheimer Invesco Oppenheimer International Large Cap Small Cap V.I. Capital V.I. Capital Value Portfolio -- Growth Portfolio -- Growth Portfolio -- Appreciation Fund -- Appreciation Fund -- Class B Class B Class B Series I Shares Series II Shares --------------------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 --------------------------------------------------------------------------------------------------------------------------------- $(275,296) $(201,596) $(377,344) $(368,317) $(214,398) $(214,196) $(326,336) $(299,050) $(65,683) $(68,461) (227,919) 835,566 574,843 995,959 175,625 143,099 962,278 1,292,426 126,217 186,360 4,620,285 (9,474,041) 3,384,399 (3,160,197) 2,107,773 (1,086,745) 4,180,680 (4,506,704) 747,992 (730,285) -- -- 3,225,641 2,775,229 1,934,385 765,462 2,273,320 2,117,435 418,261 329,816 4,117,070 (8,840,071) 6,807,539 242,674 4,003,385 (392,380) 7,089,942 (1,395,893) 1,226,787 (282,570) 66,843 53,845 442,472 451,538 390,024 463,453 4,745 1,987 59,446 11,437 (78,393) (45,245) 25,444 (412,999) (28,975) (150,514) (302,699) (663,066) (27,611) 11,180 (3,019,539) (4,037,887) (1,916,626) (1,738,233) (1,032,970) (885,065) (3,210,993) (3,951,979) (235,327) (571,812) (243,954) (262,765) (111,215) (105,963) (74,714) (73,480) (24,293) (28,446) (23,391) (23,378) (341,257) 4,511,849 (416,539) 993,012 (666,766) 6,738,428 (470,945) (533,660) (346,759) (25,395) (3,616,300) 219,797 (1,976,464) (812,645) (1,413,401) 6,092,822 (4,004,185) (5,175,164) (573,642) (597,968) 500,770 (8,620,274) 4,831,075 (569,971) 2,589,984 5,700,442 3,085,757 (6,571,057) 653,145 (880,538) 28,780,335 37,400,609 21,749,901 22,319,872 12,264,611 6,564,169 22,209,080 28,780,137 3,764,801 4,645,339 $29,281,105 $28,780,335 $26,580,976 $21,749,901 $14,854,595 $12,264,611 $25,294,837 $22,209,080 $4,417,946 $3,764,801 617,253 1,118,776 26,734 170,019 34,247 356,386 19,592 12,084 20,858 22,456 (1,110,971) (1,016,326) (121,619) (220,778) (87,746) (91,945) (87,972) (109,242) (42,998) (48,946) (493,718) 102,450 (94,885) (50,759) (53,499) 264,441 (68,380) (97,158) (22,140) (26,490)

See accompanying notes to financial statements. F-31 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) ----------------------------------------------------------------------------- Invesco Oppenheimer Invesco Oppenheimer Invesco Oppenheimer V.I. Conservative V.I. Conservative V.I. Discovery Mid Cap Balanced Fund -- Balanced Fund -- Growth Fund -- Series I Shares Series II Shares Series I Shares ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $90,062 $60,399 $24,052 $(34,020) $(305,855) $(323,370) Net realized gain (loss) on investments 134,753 136,917 431,776 473,483 995,496 1,264,794 Change in unrealized appreciation (depreciation) on investments 1,061,056 (1,077,671) 1,741,755 (2,286,726) 3,427,138 (5,608,443) Capital gain distribution 158,222 232,364 292,203 457,140 2,879,233 3,260,360 Increase (decrease) in net assets from operations 1,444,093 (647,991) 2,489,786 (1,390,123) 6,996,012 (1,406,659) From capital transactions (note 4): Net premiums 973 -- 8,685 60,170 3,004 34,680 Death benefits (104,221) (161,136) (39,088) (47,627) (158,159) (254,024) Surrenders (1,020,598) (983,393) (1,795,819) (2,672,796) (2,821,160) (2,958,036) Administrative expenses (11,400) (11,839) (93,992) (97,589) (18,801) (21,305) Transfers between subaccounts (including fixed account), net 92,244 426,832 909,558 280,623 (356,996) (140,714) Increase (decrease) in net assets from capital transactions (1,043,002) (729,536) (1,010,656) (2,477,219) (3,352,112) (3,339,399) Increase (decrease) in net assets 401,091 (1,377,527) 1,479,130 (3,867,342) 3,643,900 (4,746,058) Net assets at beginning of year 9,405,210 10,782,737 16,894,710 20,762,052 19,640,492 24,386,550 Net assets at end of year $9,806,301 $9,405,210 $18,373,840 $16,894,710 $23,284,392 $19,640,492 Change in units (note 5): Units purchased 15,718 29,831 263,088 175,578 13,664 19,031 Units redeemed (61,074) (47,391) (353,599) (409,349) (69,149) (77,008) Net increase (decrease) in units from capital transactions with contract owners (45,356) (17,560) (90,511) (233,771) (55,485) (57,977)

See accompanying notes to financial statements. F-32 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) --------------------------------------------------------------------------------------------------------- Invesco Oppenheimer Invesco Oppenheimer V.I. Discovery Mid Cap Invesco Oppenheimer V.I. Global Strategic Invesco Oppenheimer Growth Fund -- V.I. Global Fund -- Income Fund -- V.I. Main Street Fund(R) -- Series II Shares Series II Shares Series I Shares Series II Shares ---------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------- $(136,231) $(129,345) $(610,398) $(647,252) $66,986 $109,058 $(1,003,549) $(989,594) 70,970 40,993 1,495,168 7,383,293 (45,106) (61,866) 2,470,864 4,531,072 1,581,828 (1,755,094) 6,492,872 (22,841,217) 222,626 (228,149) 9,362,247 (24,012,941) 1,118,284 1,186,865 9,150,385 6,251,962 -- -- 18,397,144 9,089,198 2,634,851 (656,581) 16,528,027 (9,853,214) 244,506 (180,957) 29,226,706 (11,382,265) 507,978 43,352 583,549 615,469 2,273 51,500 130,429 229,227 (163,462) (61,552) (253,126) (230,259) (39,677) (99,110) (357,279) (237,638) (442,107) (591,590) (5,833,631) (7,550,253) (294,669) (295,715) (11,630,171) (12,002,801) (40,916) (40,222) (383,600) (492,101) (3,812) (4,321) (988,335) (937,409) 1,246,703 (136,204) (2,283,258) (8,775,343) (36,582) (126,116) (10,840,588) 21,694,540 1,108,196 (786,216) (8,170,066) (16,432,487) (372,467) (473,762) (23,685,944) 8,745,919 3,743,047 (1,442,797) 8,357,961 (26,285,701) (127,961) (654,719) 5,540,762 (2,636,346) 6,940,361 8,383,158 59,097,488 85,383,189 2,755,598 3,410,317 106,779,264 109,415,610 $10,683,408 $6,940,361 $67,455,449 $59,097,488 $2,627,637 $2,755,598 $112,320,026 $106,779,264 85,149 84,813 318,656 690,357 7,314 15,553 456,233 2,016,238 (50,824) (115,240) (694,013) (1,685,806) (41,914) (60,866) (1,623,964) (1,511,280) 34,325 (30,427) (375,357) (995,449) (34,600) (45,313) (1,167,731) 504,958

-------------------------- Invesco Oppenheimer V.I. Main Street Small Cap Fund(R) -- Series II Shares ------------------------- Year ended Year ended December 31, December 31, 2019 2018 ------------------------- $(482,797) $(619,662) 194,414 3,002,414 3,861,143 (10,233,356) 2,759,471 5,192,879 6,332,231 (2,657,725) 197,125 80,266 (72,840) (27,684) (2,546,499) (3,989,002) (210,618) (266,752) (1,523,058) (9,901,518) (4,155,890) (14,104,690) 2,176,341 (16,762,415) 27,498,593 44,261,008 $29,674,934 $27,498,593 164,776 236,761 (321,224) (791,500) (156,448) (554,739)

See accompanying notes to financial statements. F-33 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) ----------------------------------------------------------------------------- Invesco Oppenheimer V.I. Total Return Invesco V.I. American Invesco V.I. American Bond Fund -- Franchise Fund -- Franchise Fund -- Series I Shares Series I shares Series II shares ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $160,920 $164,421 $(299,562) $(303,679) $(79,488) $(83,572) Net realized gain (loss) on investments (85,620) (248,449) 282,871 1,043,040 610,523 500,560 Change in unrealized appreciation (depreciation) on investments 547,390 (154,432) 2,572,726 (2,439,276) 247,077 (929,679) Capital gain distribution -- -- 3,115,377 1,239,126 710,919 332,332 Increase (decrease) in net assets from operations 622,690 (238,460) 5,671,412 (460,789) 1,489,031 (180,359) From capital transactions (note 4): Net premiums 2,400 2,400 456,438 526,963 -- -- Death benefits (4,483) (251,185) (34,129) (88,423) 36,071 2,881 Surrenders (818,119) (1,376,890) (1,359,357) (1,385,091) (874,845) (799,634) Administrative expenses (12,690) (14,331) (90,850) (88,830) (18,127) (19,907) Transfers between subaccounts (including fixed account), net 350,684 312,063 4,071,598 (5,797,335) (17,689) (12,108) Increase (decrease) in net assets from capital transactions (482,208) (1,327,943) 3,043,700 (6,832,716) (874,590) (828,768) Increase (decrease) in net assets 140,482 (1,566,403) 8,715,112 (7,293,505) 614,441 (1,009,127) Net assets at beginning of year 8,093,816 9,660,219 15,184,663 22,478,168 4,467,561 5,476,688 Net assets at end of year $8,234,298 $8,093,816 $23,899,775 $15,184,663 $5,082,002 $4,467,561 Change in units (note 5): Units purchased 42,408 47,524 260,165 80,443 27,456 5,289 Units redeemed (67,324) (122,481) (111,789) (432,720) (56,416) (35,306) Net increase (decrease) in units from capital transactions with contract owners (24,916) (74,957) 148,376 (352,277) (28,960) (30,017)

See accompanying notes to financial statements. F-34 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) --------------------------------------------------------------------------------------------------------- Invesco V.I. Invesco V.I. Core Invesco V.I. Equity Invesco V.I. Global Comstock Fund -- Equity Fund -- and Income Fund -- Real Estate Fund -- Series II shares Series I shares Series II shares Series II shares ---------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------- $26,345 $(51,925) $(802,586) $(720,437) $70,887 $12,199 $3,189 $4,125 370,527 1,354,027 (506,937) 56,105 210,908 385,215 4,371 208 1,420,044 (7,310,704) 13,837,659 (18,119,672) 1,415,884 (3,568,996) 31,677 (25,469) 2,992,047 2,562,095 11,191,306 6,955,804 1,295,335 889,187 242 2,792 4,808,963 (3,446,507) 23,719,442 (11,828,200) 2,993,014 (2,282,395) 39,479 (18,344) 119,773 398 75,718 181,787 52,332 8,228 -- -- (20,810) (53,463) (295,250) (186,029) (14,891) (63,874) (3,988) (265) (1,841,287) (2,927,561) (11,226,981) (10,724,674) (1,589,646) (1,692,175) (13,949) (16,522) (108,735) (120,829) (943,786) (873,996) (138,908) (141,536) (318) (350) (1,053,878) (866,603) (8,356,946) 24,513,436 (15,606) 64,458 (12,170) (943) (2,904,937) (3,968,058) (20,747,245) 12,910,524 (1,706,719) (1,824,899) (30,425) (18,080) 1,904,026 (7,414,565) 2,972,197 1,082,324 1,286,295 (4,107,294) 9,054 (36,424) 21,926,129 29,340,694 95,333,185 94,250,861 17,577,145 21,684,439 202,139 238,563 $23,830,155 $21,926,129 $98,305,382 $95,333,185 $18,863,440 $17,577,145 $211,193 $202,139 36,711 57,065 532,370 2,298,933 141,446 176,203 1,708 2,063 (158,050) (201,322) (1,731,254) (1,482,125) (234,739) (291,676) (3,626) (3,394) (121,339) (144,257) (1,198,884) 816,808 (93,293) (115,473) (1,918) (1,331)

-------------------------- Invesco V.I. Government Securities Fund -- Series I shares ------------------------- Year ended Year ended December 31, December 31, 2019 2018 ------------------------- $(10) $33 (29) (141) 145 67 -- -- 106 (41) -- 80 -- -- (2,924) (3,050) -- -- 1 243 (2,923) (2,727) (2,817) (2,768) 2,817 5,585 $-- $2,817 -- 19 (165) (180) (165) (161)

See accompanying notes to financial statements. F-35 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

AIM Variable Insurance Funds (Invesco Variable Insurance Funds) (continued) ----------------------------------------------------------------------------- Invesco V.I. Invesco V.I. International Invesco V.I. Value Opportunities Growth Fund -- Technology Fund -- Fund -- Series II shares Series I shares Series II shares ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $(180,256) $46,746 $(43) $(161) $(65,712) $(79,061) Net realized gain (loss) on investments 1,164,192 1,270,099 2,012 3,984 (117,817) (36,419) Change in unrealized appreciation (depreciation) on investments 6,243,126 (9,860,811) 2,252 (2,252) 341,876 (1,408,906) Capital gain distribution 2,726,332 332,892 -- -- 878,004 514,647 Increase (decrease) in net assets from operations 9,953,394 (8,211,074) 4,221 1,571 1,036,351 (1,009,739) From capital transactions (note 4): Net premiums 78,437 86,881 -- -- 1,320 1,604 Death benefits (41,068) (52,369) -- -- (8,387) (2,057) Surrenders (4,378,426) (5,079,170) -- -- (447,542) (629,690) Administrative expenses (349,805) (370,485) -- -- (14,773) (17,612) Transfers between subaccounts (including fixed account), net (3,947,650) 2,921,860 (36,919) 31,127 (63,605) (3,732) Increase (decrease) in net assets from capital transactions (8,638,512) (2,493,283) (36,919) 31,127 (532,987) (651,487) Increase (decrease) in net assets 1,314,882 (10,704,357) (32,698) 32,698 503,364 (1,661,226) Net assets at beginning of year 40,942,496 51,646,853 32,698 -- 3,821,060 5,482,286 Net assets at end of year $42,257,378 $40,942,496 $-- $32,698 $4,324,424 $3,821,060 Change in units (note 5): Units purchased 238,464 708,580 -- 7,800 12,221 12,816 Units redeemed (860,415) (888,373) (4,514) (3,286) (40,509) (45,283) Net increase (decrease) in units from capital transactions with contract owners (621,951) (179,793) (4,514) 4,514 (28,288) (32,467)

See accompanying notes to financial statements. F-36 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

American Century Variable Portfolios II, Inc. American Century Variable Portfolios, Inc. --------------------------------------------------------------------------------------------------------- VP Inflation VP Income & Protection Growth VP International VP Ultra(R) Fund -- Class II Fund -- Class I Fund -- Class I Fund -- Class I ---------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------- $196,024 $403,687 $773 $62 $(4,701) $(3,101) $(763) $(714) (195,627) (590,405) 4,746 40,500 10,715 17,951 4,106 4,480 2,521,781 (1,603,969) 32,343 (104,574) 89,521 (151,554) 3,630 (7,971) -- -- 29,501 42,990 28,437 38,384 4,440 4,357 2,522,178 (1,790,687) 67,363 (21,022) 123,972 (98,320) 11,413 152 28,467 66,835 -- -- -- -- -- -- (129,207) (53,672) (6,120) (398) (8,190) (517) -- -- (4,062,688) (4,192,686) (22,034) (35,249) (36,223) (44,554) (2,266) (2,430) (341,131) (336,246) (356) (505) (1,135) (1,370) (265) (288) 1,148,725 5,078,034 (29,279) (204,202) (56,156) 34,527 (9,530) (1,866) (3,355,834) 562,265 (57,789) (240,354) (101,704) (11,914) (12,061) (4,584) (833,656) (1,228,422) 9,574 (261,376) 22,268 (110,234) (648) (4,432) 36,387,075 37,615,497 327,950 589,326 511,058 621,292 39,957 44,389 $35,553,419 $36,387,075 $337,524 $327,950 $533,326 $511,058 $39,309 $39,957 539,644 1,005,959 1,618 3,312 1,933 6,035 171 408 (810,557) (963,632) (4,200) (14,960) (7,951) (6,177) (613) (576) (270,913) 42,327 (2,582) (11,648) (6,018) (142) (442) (168)

-------------------------- VP Value Fund -- Class I ------------------------- Year ended Year ended December 31, December 31, 2019 2018 ------------------------- $422 $121 1,312 2,483 8,856 (9,170) 3,701 4 14,291 (6,562) -- -- -- -- (955) (5,046) (164) (175) (1,810) 878 (2,929) (4,343) 11,362 (10,905) 58,050 68,955 $69,412 $58,050 4 31 (103) (170) (99) (139)

See accompanying notes to financial statements. F-37 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

BNY Mellon ----------------------------------------------------------------------------- BNY Mellon Investment BNY Mellon BNY Mellon Portfolios -- Sustainable Variable MidCap Stock U.S. Equity Investment Fund -- Portfolio -- Portfolio, Inc. -- Government Money Initial Shares Initial Shares Market Portfolio ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $(780) $(950) $(5,713) $13,956 $147 $(2,808) Net realized gain (loss) on investments 350 1,229 10,231 15,229 -- -- Change in unrealized appreciation (depreciation) on investments 9,589 (30,641) 1,668,754 (1,579,490) -- -- Capital gain distribution 6,809 12,456 219,638 1,186,313 -- -- Increase (decrease) in net assets from operations 15,968 (17,906) 1,892,910 (363,992) 147 (2,808) From capital transactions (note 4): Net premiums -- -- -- -- -- -- Death benefits -- -- -- -- (130,439) (371,260) Surrenders (4,731) (5,012) (42,073) (90,237) (1,006,042) (465,352) Administrative expenses (657) (720) (25,962) (26,390) (2,401) (1,775) Transfers between subaccounts (including fixed account), net (1) (2) (1,614) 2,555 1,109,042 946,029 Increase (decrease) in net assets from capital transactions (5,389) (5,734) (69,649) (114,072) (29,840) 107,642 Increase (decrease) in net assets 10,579 (23,640) 1,823,261 (478,064) (29,693) 104,834 Net assets at beginning of year 88,352 111,992 5,897,313 6,375,377 1,091,481 986,647 Net assets at end of year $98,931 $88,352 $7,720,574 $5,897,313 $1,061,788 $1,091,481 Change in units (note 5): Units purchased -- -- 141 1,051 199,656 145,659 Units redeemed (170) (173) (5,372) (9,913) (202,490) (134,451) Net increase (decrease) in units from capital transactions with contract owners (170) (173) (5,231) (8,862) (2,834) 11,208

See accompanying notes to financial statements. F-38 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

BlackRock Variable Series Funds, Inc. ----------------------------------------------------------------------------------------------------------- BlackRock BlackRock BlackRock BlackRock Large Cap Advantage Basic Global Focus U.S. Total Market Value Allocation Growth V.I. Fund -- V.I. Fund -- V.I. Fund -- V.I. Fund -- Class III Shares Class III Shares Class III Shares Class III Shares ----------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 ----------------------------------------------------------------------------------------------------------- $23,922 $(4,915) $106,688 $(90,271) $(1,370,576) $(2,605,102) $(103,288) $(83,783) (44,773) 31,047 (67,377) 711,400 833,303 2,944,861 32,962 162,756 504,769 (911,308) 3,245,778 (6,763,144) 23,304,853 (33,182,511) 881,050 (598,255) 487,480 560,215 2,392,562 3,350,790 8,081,556 10,272,259 714,957 536,743 971,398 (324,961) 5,677,651 (2,791,225) 30,849,136 (22,570,493) 1,525,681 17,461 10,809 67,092 40,512 54,268 212,059 202,504 2,310 495 (1,778) (29,592) (55,569) (62,974) (748,426) (873,197) (1,236) (32,001) (363,303) (306,558) (2,959,396) (3,578,735) (21,782,344) (25,485,445) (117,639) (416,198) (17,570) (19,604) (259,532) (282,626) (1,828,232) (1,993,575) (25,509) (18,905) (77,425) (158,878) (456,099) (1,311,045) (12,991,465) (10,555,429) 962,233 1,116,939 (449,267) (447,540) (3,690,084) (5,181,112) (37,138,408) (38,705,142) 820,159 650,330 522,131 (772,501) 1,987,567 (7,972,337) (6,289,272) (61,275,635) 2,345,840 667,791 3,796,239 4,568,740 27,771,887 35,744,224 213,230,065 274,505,700 4,797,427 4,129,636 $4,318,370 $3,796,239 $29,759,454 $27,771,887 $206,940,793 $213,230,065 $7,143,267 $4,797,427 16,359 10,509 199,609 237,494 685,594 781,945 34,812 60,806 (34,878) (29,486) (415,406) (523,677) (3,144,941) (3,459,061) (7,811) (35,747) (18,519) (18,977) (215,797) (286,183) (2,459,347) (2,677,116) 27,001 25,059

Columbia Funds Variable Series Trust II ------------------------- CTIVP/SM/ -- Loomis Sayles Growth Fund -- Class 1 ------------------------- Year ended Year ended December 31, December 31, 2019 2018 ------------------------- $(640,342) $(881,508) 3,756,921 7,791,681 6,998,778 (6,881,234) -- -- 10,115,357 28,939 40,712 106,897 (125,825) (31,020) (4,485,516) (5,601,455) (308,495) (413,557) (4,867,363) (20,318,621) (9,746,487) (26,257,756) 368,870 (26,228,817) 37,269,791 63,498,608 $37,638,661 $37,269,791 184,139 431,772 (802,213) (2,240,397) (618,074) (1,808,625)

See accompanying notes to financial statements. F-39 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Columbia Funds Variable Deutsche DWS Deutsche DWS Series Trust II (continued) Variable Series I Variable Series II --------------------------- ------------------------- ------------------------- Columbia Variable Portfolio -- DWS DWS Overseas Capital CROCI(R) Core Fund -- Growth VIP -- U.S. VIP -- Class 2 Class B Shares Class B Shares --------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ------------------------------------------------------------------------------------------------------------------------ Increase (decrease) in net assets From operations: Net investment income (expense) $27,221 $144,421 $(106) $(106) $(118) $161 Net realized gain (loss) on investments 15,975 381,739 2,505 65 779 803 Change in unrealized appreciation (depreciation) on investments 779,183 (3,299,700) (1,012) (1,246) 8,095 (10,337) Capital gain distribution 1,851,411 -- 1,252 958 3,897 3,476 Increase (decrease) in net assets from operations 2,673,790 (2,773,540) 2,639 (329) 12,653 (5,897) From capital transactions (note 4): Net premiums 175 3,308 -- -- -- -- Death benefits 64,450 3,478 -- -- -- -- Surrenders (1,060,340) (1,723,708) (10,714) -- (1,906) (1,899) Administrative expenses (41,384) (49,475) (49) (28) (35) (33) Transfers between subaccounts (including fixed account), net (551,132) 6,749 (114) (71) (3,463) 1,327 Increase (decrease) in net assets from capital transactions (1,588,231) (1,759,648) (10,877) (99) (5,404) (605) Increase (decrease) in net assets 1,085,559 (4,533,188) (8,238) (428) 7,249 (6,502) Net assets at beginning of year 12,124,101 16,657,289 9,639 10,067 43,428 49,930 Net assets at end of year $13,209,660 $12,124,101 $1,401 $9,639 $50,677 $43,428 Change in units (note 5): Units purchased 31,909 107,066 -- -- 283 345 Units redeemed (172,755) (259,046) (445) (5) (654) (371) Net increase (decrease) in units from capital transactions with contract owners (140,846) (151,980) (445) (5) (371) (26)

See accompanying notes to financial statements. F-40 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Deutsche DWS Variable Series II (continued) Eaton Vance Variable Trust Federated Insurance Series -------------------------------------------------------------------------------------------------------- DWS Federated Federated Small Mid Cap VT High Income High Income Value VIP -- Floating-Rate Bond Fund II -- Bond Fund II -- Class B Shares Income Fund Primary Shares Service Shares --------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 --------------------------------------------------------------------------------------------------------- $(142) $(79) $1,389,337 $1,108,278 $412,201 $694,911 $471,183 $766,343 (70) 99 (238,846) 74,762 (91,877) (113,844) (102,251) (73,395) 1,307 (4,153) 1,656,512 (2,290,816) 742,579 (1,039,799) 854,446 (1,253,412) 779 2,059 -- -- -- -- -- -- 1,874 (2,074) 2,807,003 (1,107,776) 1,062,903 (458,732) 1,223,378 (560,464) -- -- 449,045 243,042 365 360 22,798 11,884 -- -- (133,660) (63,553) (58,856) (249,874) (50,197) (980) (476) (477) (5,144,075) (4,481,465) (1,286,568) (1,293,506) (1,347,472) (1,484,424) (24) (23) (401,275) (373,286) (11,827) (14,288) (31,695) (36,335) (47) 540 (5,365,463) 13,924,826 (86,099) (708,304) (295,370) (570,532) (547) 40 (10,595,428) 9,249,564 (1,442,985) (2,265,612) (1,701,936) (2,080,387) 1,327 (2,034) (7,788,425) 8,141,788 (380,082) (2,724,344) (478,558) (2,640,851) 9,962 11,996 55,170,250 47,028,462 8,708,679 11,433,023 10,464,453 13,105,304 $11,289 $9,962 $47,381,825 $55,170,250 $8,328,597 $8,708,679 $9,985,895 $10,464,453 31 50 527,285 2,112,318 15,066 7,816 13,749 13,110 (63) (46) (1,329,200) (1,356,192) (63,506) (88,287) (86,444) (105,045) (32) 4 (801,915) 756,126 (48,440) (80,471) (72,695) (91,935)

-------------------------- Federated Kaufmann Fund II -- Service Shares ------------------------- Year ended Year ended December 31, December 31, 2019 2018 ------------------------- $(285,406) $(302,728) 981,316 892,856 2,483,844 (1,401,812) 1,788,827 1,462,648 4,968,581 650,964 5,205 3,621 (106,250) 27,623 (1,717,276) (2,266,919) (78,293) (80,572) (1,667,627) (748,837) (3,564,241) (3,065,084) 1,404,340 (2,414,120) 16,557,844 18,971,964 $17,962,184 $16,557,844 14,337 23,001 (99,403) (105,378) (85,066) (82,377)

See accompanying notes to financial statements. F-41 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Federated Insurance Series (continued) Fidelity(R) Variable Insurance Products Fund ------------------------- --------------------------------------------------- Federated VIP VIP Managed Volatility Asset Manager/SM/ Asset Manager/SM/ Fund II -- Portfolio -- Portfolio -- Primary Shares Initial Class Service Class 2 ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $56,425 $53,661 $184,348 $167,046 $(15,514) $(26,913) Net realized gain (loss) on investments 67,347 56,054 (103,087) 30,007 (18,451) 1,105 Change in unrealized appreciation (depreciation) on investments 1,442,558 (1,062,153) 4,144,422 (4,161,857) 550,102 (574,028) Capital gain distribution -- -- 1,611,678 1,387,996 219,699 194,956 Increase (decrease) in net assets from operations 1,566,330 (952,438) 5,837,361 (2,576,808) 735,836 (404,880) From capital transactions (note 4): Net premiums 5,033 468 16,023 34,817 -- 12,636 Death benefits (72,508) (48,346) (344,015) (409,667) (12,009) (20,551) Surrenders (940,038) (951,698) (3,516,059) (4,272,713) (343,499) (494,904) Administrative expenses (13,642) (9,965) (30,616) (34,337) (8,534) (11,207) Transfers between subaccounts (including fixed account), net 568,158 4,814,311 (1,094,073) (300,078) (261,949) (214,898) Increase (decrease) in net assets from capital transactions (452,997) 3,804,770 (4,968,740) (4,981,978) (625,991) (728,924) Increase (decrease) in net assets 1,113,333 2,852,332 868,621 (7,558,786) 109,845 (1,133,804) Net assets at beginning of year 8,569,299 5,716,967 36,760,486 44,319,272 4,926,285 6,060,089 Net assets at end of year $9,682,632 $8,569,299 $37,629,107 $36,760,486 $5,036,130 $4,926,285 Change in units (note 5): Units purchased 48,832 235,462 3,844 19,899 7,134 11,946 Units redeemed (61,455) (67,937) (109,757) (123,000) (44,680) (56,890) Net increase (decrease) in units from capital transactions with contract owners (12,623) 167,525 (105,913) (103,101) (37,546) (44,944)

See accompanying notes to financial statements. F-42 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Fidelity(R) Variable Insurance Products Fund (continued) --------------------------------------------------------------------------------------------------------------------------------- VIP VIP VIP VIP Dynamic Capital VIP Balanced Contrafund(R) Contrafund(R) Appreciation Equity-Income Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Service Class 2 Initial Class Service Class 2 Service Class 2 Initial Class --------------------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 --------------------------------------------------------------------------------------------------------------------------------- $(180,344) $(408,979) $(933,671) $(778,075) $(1,371,391) $(1,522,053) $(21,646) $(27,370) $425,954 $618,609 1,196,666 1,816,145 2,633,671 3,894,585 2,627,575 10,245,894 28,087 142,997 321,699 820,275 8,195,793 (8,495,996) 11,747,152 (19,011,710) 12,116,578 (27,527,175) 135,404 (453,751) 10,769,029 (12,275,710) 2,969,180 3,436,112 10,958,244 9,037,248 12,292,213 12,185,195 306,987 218,500 4,635,675 3,704,720 12,181,295 (3,652,718) 24,405,396 (6,857,952) 25,664,975 (6,618,139) 448,832 (119,624) 16,152,357 (7,132,106) 223,248 355,579 24,325 42,295 628,461 810,459 425 550 31,638 107,503 (16,798) (207,041) (742,248) (820,544) (437,637) (283,222) (58,605) (612) (842,296) (1,113,489) (4,919,805) (6,847,398) (10,737,778) (10,544,885) (9,170,890) (13,443,374) (203,995) (239,352) (7,047,262) (8,402,992) (337,813) (340,261) (108,781) (120,444) (533,428) (700,592) (5,605) (6,741) (69,137) (77,970) 1,093,835 (730,905) (1,481,570) (1,059,215) (13,657,573) (32,558,947) (17,236) (367,036) (966,098) (413,253) (3,957,333) (7,770,026) (13,046,052) (12,502,793) (23,171,067) (46,175,676) (285,016) (613,191) (8,893,155) (9,900,201) 8,223,962 (11,422,744) 11,359,344 (19,360,745) 2,493,908 (52,793,815) 163,816 (732,815) 7,259,202 (17,032,307) 57,218,797 68,641,541 86,785,204 106,145,949 96,356,229 149,150,044 1,733,063 2,465,878 66,553,650 83,585,957 $65,442,759 $57,218,797 $98,144,548 $86,785,204 $98,850,137 $96,356,229 $1,896,879 $1,733,063 $73,812,852 $66,553,650 431,753 330,001 59,936 56,861 213,361 551,682 715 4,825 26,753 30,076 (602,229) (780,923) (294,205) (300,455) (1,078,293) (2,551,533) (9,387) (24,322) (193,003) (210,854) (170,476) (450,922) (234,269) (243,594) (864,932) (1,999,851) (8,672) (19,497) (166,250) (180,778)

See accompanying notes to financial statements. F-43 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Fidelity(R) Variable Insurance Products Fund (continued) ----------------------------------------------------------------------------- VIP VIP VIP Equity-Income Growth & Income Growth & Income Portfolio -- Portfolio -- Portfolio -- Service Class 2 Initial Class Service Class 2 ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $106,385 $237,660 $396,311 $(220,601) $255,399 $(265,051) Net realized gain (loss) on investments 320,505 820,838 666,896 927,904 225,314 969,894 Change in unrealized appreciation (depreciation) on investments 9,662,429 (11,446,611) 1,885,209 (3,857,744) 1,592,074 (3,705,644) Capital gain distribution 4,375,363 3,469,438 1,594,217 1,203,098 1,209,730 1,056,008 Increase (decrease) in net assets from operations 14,464,682 (6,918,675) 4,542,633 (1,947,343) 3,282,517 (1,944,793) From capital transactions (note 4): Net premiums 252,708 108,465 720 800 37,290 49,620 Death benefits (173,230) (177,833) (400,428) (287,100) 1,730 (67,813) Surrenders (6,531,170) (6,987,117) (2,252,645) (1,945,662) (1,257,765) (2,363,675) Administrative expenses (390,665) (414,089) (25,828) (30,472) (49,924) (63,193) Transfers between subaccounts (including fixed account), net (1,980,518) (2,085,797) 37,813 101,214 (726,299) (1,893,655) Increase (decrease) in net assets from capital transactions (8,822,875) (9,556,371) (2,640,368) (2,161,220) (1,994,968) (4,338,716) Increase (decrease) in net assets 5,641,807 (16,475,046) 1,902,265 (4,108,563) 1,287,549 (6,283,509) Net assets at beginning of year 61,043,173 77,518,219 17,107,602 21,216,165 12,702,026 18,985,535 Net assets at end of year $66,684,980 $61,043,173 $19,009,867 $17,107,602 $13,989,575 $12,702,026 Change in units (note 5): Units purchased 256,605 426,373 16,064 26,954 19,538 235,304 Units redeemed (734,882) (925,848) (113,251) (110,733) (116,079) (480,353) Net increase (decrease) in units from capital transactions with contract owners (478,277) (499,475) (97,187) (83,779) (96,541) (245,049)

See accompanying notes to financial statements. F-44 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Fidelity(R) Variable Insurance Products Fund (continued) ----------------------------------------------------------------------------------------------------------------------------------- VIP VIP VIP Growth Growth VIP VIP Investment Opportunities Opportunities Growth Growth Grade Bond Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Initial Class Service Class 2 Initial Class Service Class 2 Service Class 2 ----------------------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 ----------------------------------------------------------------------------------------------------------------------------------- $(163,383) $(147,890) $(158,505) $(68,728) $(649,015) $(719,194) $(314,276) $(325,675) $574,374 $189,144 1,240,842 885,473 867,918 203,438 3,648,821 3,700,028 873,225 1,082,722 161,952 (2,221,583) 1,795,078 (254,069) 1,214,127 (76,850) 9,837,353 (12,118,407) 3,820,186 (4,002,479) 4,918,319 (1,784,533) 1,026,840 625,253 974,993 244,594 3,771,081 8,924,979 1,327,052 3,013,336 -- 744,429 3,899,377 1,108,767 2,898,533 302,454 16,608,240 (212,594) 5,706,187 (232,096) 5,654,645 (3,072,543) -- 1,971 6,394 1,070 8,996 43,603 532,953 108,113 58,097 199,648 (309,827) (38,381) 56,889 1,060 (489,284) (419,616) (173,878) (128,215) (107,910) (140,254) (1,142,318) (1,166,148) (1,575,843) (368,219) (7,702,685) (7,018,036) (1,907,834) (2,165,308) (9,631,487) (11,790,333) (11,020) (12,710) (40,284) (26,917) (50,926) (61,030) (70,043) (72,207) (740,247) (930,216) 291,347 297,646 (1,070,058) 3,245,570 (1,177,862) (504,485) (937,266) (202,458) 3,984,113 (29,935,221) (1,171,818) (917,622) (2,622,902) 2,852,564 (9,411,761) (7,959,564) (2,556,068) (2,460,075) (6,437,434) (42,596,376) 2,727,559 191,145 275,631 3,155,018 7,196,479 (8,172,158) 3,150,119 (2,692,171) (782,789) (45,668,919) 10,428,424 10,237,279 7,031,592 3,876,574 54,323,545 62,495,703 18,717,270 21,409,441 75,876,392 121,545,311 $13,155,983 $10,428,424 $7,307,223 $7,031,592 $61,520,024 $54,323,545 $21,867,389 $18,717,270 $75,093,603 $75,876,392 79,560 63,464 181,840 160,765 14,063 43,763 49,699 89,661 1,216,420 1,064,069 (113,944) (93,671) (255,230) (44,912) (156,353) (185,489) (173,749) (213,312) (1,686,316) (4,492,682) (34,384) (30,207) (73,390) 115,853 (142,290) (141,726) (124,050) (123,651) (469,896) (3,428,613)

See accompanying notes to financial statements. F-45 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Fidelity(R) Variable Insurance Products Fund (continued) ----------------------------------------------------------------------------- VIP VIP VIP Mid Cap Mid Cap Overseas Portfolio -- Portfolio -- Portfolio -- Initial Class Service Class 2 Initial Class ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $-- $(13) $(974,053) $(1,465,943) $24,145 $20,348 Net realized gain (loss) on investments 39 447 (865,913) 3,075,326 672,672 621,430 Change in unrealized appreciation (depreciation) on investments 720 (3,050) 9,506,852 (30,139,403) 1,795,651 (3,213,278) Capital gain distribution 1,058 1,108 11,682,974 10,860,719 513,727 -- Increase (decrease) in net assets from operations 1,817 (1,508) 19,349,860 (17,669,301) 3,006,195 (2,571,500) From capital transactions (note 4): Net premiums -- 80 627,269 190,439 3,920 63,307 Death benefits -- -- (317,360) (605,492) (190,778) (139,410) Surrenders (3,537) (2,939) (11,155,906) (12,918,175) (3,407,059) (1,749,625) Administrative expenses -- -- (565,300) (625,209) (16,184) (20,494) Transfers between subaccounts (including fixed account), net 1 (108) (3,089,991) (3,178,596) (364,250) 89,103 Increase (decrease) in net assets from capital transactions (3,536) (2,967) (14,501,288) (17,137,033) (3,974,351) (1,757,119) Increase (decrease) in net assets (1,719) (4,475) 4,848,572 (34,806,334) (968,156) (4,328,619) Net assets at beginning of year 8,814 13,289 94,762,043 129,568,377 13,285,875 17,614,494 Net assets at end of year $7,095 $8,814 $99,610,615 $94,762,043 $12,317,719 $13,285,875 Change in units (note 5): Units purchased -- 2 451,262 508,765 27,926 30,358 Units redeemed (73) (61) (962,058) (987,834) (160,371) (94,434) Net increase (decrease) in units from capital transactions with contract owners (73) (59) (510,796) (479,069) (132,445) (64,076)

See accompanying notes to financial statements. F-46 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Fidelity(R) Variable Insurance Products Fund (continued) Franklin Templeton Variable Insurance Products Trust --------------------------------------------------------------------------------------------------------- Franklin VIP Franklin Franklin Large Cap Value Strategies Allocation Income Growth Portfolio -- VIP Fund -- VIP Fund -- VIP Fund -- Service Class 2 Class 2 Shares Class 2 Shares Class 2 Shares ---------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------- $(2,630) $(20,481) $898,102 $715,415 $8,088,254 $7,714,518 $(2,641) $(2,816) (40,574) 23,535 (1,232,665) (320,027) 1,243,682 2,723,078 6,498 3,736 423,280 (574,262) 5,520,651 (8,777,795) 17,490,422 (26,254,304) 21,984 (18,700) 204,869 110,093 3,544,900 1,505,639 3,857,358 -- 22,698 14,339 584,945 (461,115) 8,730,988 (6,876,768) 30,679,716 (15,816,708) 48,539 (3,441) 10,000 -- 104,784 396 70,856 593,860 -- -- (31,240) (6,738) (317,768) (81,449) (696,561) (846,648) -- -- (219,278) (96,839) (6,219,082) (7,497,433) (26,137,783) (29,176,978) (16,429) (11,106) (6,446) (6,899) (409,934) (455,124) (1,082,709) (1,169,743) (757) (801) (138,349) (57,063) (3,245,603) (2,134,529) (9,548,532) (17,150,974) (19,424) (685) (385,313) (167,539) (10,087,603) (10,168,139) (37,394,729) (47,750,483) (36,610) (12,592) 199,632 (628,654) (1,356,615) (17,044,907) (6,715,013) (63,567,191) 11,929 (16,033) 1,980,475 2,609,129 52,976,277 70,021,184 235,328,483 298,895,674 160,059 176,092 $2,180,107 $1,980,475 $51,619,662 $52,976,277 $228,613,470 $235,328,483 $171,988 $160,059 6,096 9,517 265,357 246,840 1,127,366 589,029 41 135 (24,077) (16,874) (1,030,937) (1,042,611) (3,235,632) (3,626,273) (1,358) (593) (17,981) (7,357) (765,580) (795,771) (2,108,266) (3,037,244) (1,317) (458)

-------------------------- Franklin Mutual Shares VIP Fund -- Class 2 Shares ------------------------- Year ended Year ended December 31, December 31, 2019 2018 ------------------------- $21,638 $109,344 304,639 434,049 785,145 (2,460,891) 1,088,637 519,534 2,200,059 (1,397,964) 10,491 44,369 (82,432) (90,200) (1,497,715) (1,417,604) (65,663) (74,825) (1,313,228) (875,132) (2,948,547) (2,413,392) (748,488) (3,811,356) 11,806,829 15,618,185 $11,058,341 $11,806,829 39,025 37,561 (181,043) (160,407) (142,018) (122,846)

See accompanying notes to financial statements. F-47 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Franklin Templeton Variable Insurance Products Trust (continued) ----------------------------------------------------------------------------- Templeton Templeton Templeton Foreign Foreign Global Bond VIP Fund -- VIP Fund -- VIP Fund -- Class 1 Shares Class 2 Shares Class 1 Shares ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $24,983 $96,892 $(151) $5,382 $296,594 $(75,425) Net realized gain (loss) on investments (100,579) 21,418 (8,007) 3,229 (22,314) (20,840) Change in unrealized appreciation (depreciation) on investments 577,049 (1,261,325) 60,639 (121,160) (224,527) 144,549 Capital gain distribution 51,429 -- 5,956 -- -- -- Increase (decrease) in net assets from operations 552,882 (1,143,015) 58,437 (112,549) 49,753 48,284 From capital transactions (note 4): Net premiums 8,668 3,725 -- -- 720 720 Death benefits (80,735) (42,380) (7,907) (532) (37,945) (38,640) Surrenders (663,479) (1,139,251) (35,649) (44,365) (372,507) (298,887) Administrative expenses (9,572) (12,624) (1,134) (1,385) (7,879) (8,605) Transfers between subaccounts (including fixed account), net (220,318) 380,278 (919) 38,486 (97,727) (111,660) Increase (decrease) in net assets from capital transactions (965,436) (810,252) (45,609) (7,796) (515,338) (457,072) Increase (decrease) in net assets (412,554) (1,953,267) 12,828 (120,345) (465,585) (408,788) Net assets at beginning of year 5,399,328 7,352,595 561,449 681,794 5,388,304 5,797,092 Net assets at end of year $4,986,774 $5,399,328 $574,277 $561,449 $4,922,719 $5,388,304 Change in units (note 5): Units purchased 20,241 47,604 6,563 7,000 3,893 11,274 Units redeemed (88,448) (102,104) (9,490) (7,156) (31,729) (36,276) Net increase (decrease) in units from capital transactions with contract owners (68,207) (54,500) (2,927) (156) (27,836) (25,002)

See accompanying notes to financial statements. F-48 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Franklin Templeton Variable Insurance Products Trust (continued) Goldman Sachs Variable Insurance Trust ----------------------------------------------------------------------------------------------------------- Templeton Goldman Sachs Goldman Sachs Goldman Sachs Growth Government Money Large Cap Mid Cap VIP Fund -- Market Fund -- Value Fund -- Value Fund -- Class 2 Shares Service Shares Institutional Shares Institutional Shares ----------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 ----------------------------------------------------------------------------------------------------------- $91,651 $59,821 $329,139 $(139,040) $2,020 $(15,643) $(228,182) $(85,726) (301,353) 195,546 -- -- (132,069) (227,028) 110,414 674,811 (306,649) (2,695,737) -- -- 1,188,719 (709,378) 7,204,390 (8,768,742) 1,391,057 943,778 -- -- 208,559 344,499 1,147,056 4,142,802 874,706 (1,496,592) 329,139 (139,040) 1,267,229 (607,550) 8,233,678 (4,036,855) 13,700 34,657 395,665 192,155 1,947 -- 1,600 1,510 (19,463) 18,439 (45,501,289) (57,185,225) (43,101) (92,507) (205,070) (376,411) (984,935) (1,053,361) (53,895,127) (46,655,320) (542,370) (825,572) (4,229,062) (3,955,884) (45,259) (54,575) (332,792) (308,277) (9,361) (10,203) (54,574) (61,369) (161,099) (1,649,861) 84,813,444 106,050,214 (111,410) (57,388) (1,177,042) (1,522,928) (1,197,056) (2,704,701) (14,520,099) 2,093,547 (704,295) (985,670) (5,664,148) (5,915,082) (322,350) (4,201,293) (14,190,960) 1,954,507 562,934 (1,593,220) 2,569,530 (9,951,937) 7,356,249 11,557,542 126,903,117 124,948,610 5,486,480 7,079,700 29,982,325 39,934,262 $7,033,899 $7,356,249 $112,712,157 $126,903,117 $6,049,414 $5,486,480 $32,551,855 $29,982,325 69,727 106,409 15,903,517 17,870,031 4,358 19,954 32,204 12,564 (175,261) (312,347) (17,485,615) (17,648,093) (41,345) (74,493) (170,424) (173,270) (105,534) (205,938) (1,582,098) 221,938 (36,987) (54,539) (138,220) (160,706)

JPMorgan Insurance Trust ------------------------- JPMorgan Insurance Trust Core Bond Portfolio -- Class 1 ------------------------- Year ended Year ended December 31, December 31, 2019 2018 ------------------------- $19,104 $21,624 (2,959) (52,967) 144,912 (41,694) -- 5,364 161,057 (67,673) -- -- (47,330) (3,275) (195,154) (287,463) (3,864) (4,814) 5,535 (384,205) (240,813) (679,757) (79,756) (747,430) 2,658,943 3,406,373 $2,579,187 $2,658,943 34,124 26,118 (50,479) (77,256) (16,355) (51,138)

See accompanying notes to financial statements. F-49 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

JPMorgan Insurance Trust (continued) ----------------------------------------------------------------------------- JPMorgan JPMorgan JPMorgan Insurance Trust Insurance Trust Insurance Trust Mid Cap Value Small Cap Core U.S. Equity Portfolio -- Class 1 Portfolio -- Class 1 Portfolio -- Class 1 ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $(894) $(3,288) $(1,408) $(2,297) $(13,838) $(14,698) Net realized gain (loss) on investments 5,238 3,528 2,510 34,228 65,738 66,733 Change in unrealized appreciation (depreciation) on investments 49,153 (55,547) 7,424 (48,958) 204,553 (297,146) Capital gain distribution 23,049 4,604 11,285 12,748 95,254 127,399 Increase (decrease) in net assets from operations 76,546 (50,703) 19,811 (4,279) 351,707 (117,712) From capital transactions (note 4): Net premiums -- -- -- -- -- -- Death benefits (6,094) (396) (2,014) (127) (28,690) (1,869) Surrenders (20,621) (21,412) (9,843) (12,418) (100,557) (102,475) Administrative expenses (519) (573) (95) (165) (1,766) (1,902) Transfers between subaccounts (including fixed account), net (38,935) 109,941 (8,055) (98,298) (166,593) 392,383 Increase (decrease) in net assets from capital transactions (66,169) 87,560 (20,007) (111,008) (297,606) 286,137 Increase (decrease) in net assets 10,377 36,857 (196) (115,287) 54,101 168,425 Net assets at beginning of year 331,829 294,972 92,794 208,081 1,297,043 1,128,618 Net assets at end of year $342,206 $331,829 $92,598 $92,794 $1,351,144 $1,297,043 Change in units (note 5): Units purchased 2,202 8,855 1,099 1,694 5,552 23,296 Units redeemed (5,344) (3,184) (1,918) (7,224) (16,449) (11,534) Net increase (decrease) in units from capital transactions with contract owners (3,142) 5,671 (819) (5,530) (10,897) 11,762

See accompanying notes to financial statements. F-50 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Janus Aspen Series -------------------------------------------------------------------------------------------------------- Janus Janus Janus Janus Henderson Henderson Henderson Henderson Balanced Portfolio -- Balanced Portfolio -- Enterprise Portfolio -- Enterprise Portfolio -- Institutional Shares Service Shares Institutional Shares Service Shares --------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 --------------------------------------------------------------------------------------------------------- $308,790 $497,741 $(140,703) $(9,920) $(581,176) $(571,616) $(83,791) $(79,765) 2,744,076 3,159,139 4,653,832 4,593,136 3,828,761 3,729,475 360,753 293,264 7,605,029 (5,813,102) 11,092,841 (8,321,339) 7,262,018 (5,733,086) 944,878 (559,124) 1,796,747 1,939,579 2,568,535 2,726,490 2,734,641 2,247,583 354,112 277,844 12,454,642 (216,643) 18,174,505 (1,011,633) 13,244,244 (327,644) 1,575,952 (67,781) 23,466 2,806 399,549 247,295 6,967 14,951 752 1,203 (510,372) (669,863) (120,993) (355,605) (481,840) (639,101) 646 26,613 (7,177,161) (8,800,430) (10,006,160) (11,145,747) (5,462,584) (5,631,905) (754,037) (613,748) (81,072) (89,040) (478,442) (468,730) (55,268) (61,849) (10,067) (9,827) 163,058 42,484 3,120,414 (1,829,408) (655,288) (581,061) 29,100 70,445 (7,582,081) (9,514,043) (7,085,632) (13,552,195) (6,648,013) (6,898,965) (733,606) (525,314) 4,872,561 (9,730,686) 11,088,873 (14,563,828) 6,596,231 (7,226,609) 842,346 (593,095) 63,108,037 72,838,723 93,108,192 107,672,020 41,323,541 48,550,150 4,945,096 5,538,191 $67,980,598 $63,108,037 $104,197,065 $93,108,192 $47,919,772 $41,323,541 $5,787,442 $4,945,096 54,506 76,490 674,814 334,985 33,873 29,048 5,334 9,395 (223,061) (289,499) (869,175) (971,382) (140,471) (149,919) (40,102) (43,658) (168,555) (213,009) (194,361) (636,397) (106,598) (120,871) (34,768) (34,263)

-------------------------- Janus Henderson Flexible Bond Portfolio -- Institutional Shares ------------------------- Year ended Year ended December 31, December 31, 2019 2018 ------------------------- $171,230 $161,087 (59,573) (194,443) 601,477 (246,001) -- -- 713,134 (279,357) 1,236 20,211 (100,869) (58,079) (1,081,463) (2,284,610) (14,634) (16,521) 309,569 395,599 (886,161) (1,943,400) (173,027) (2,222,757) 9,430,372 11,653,129 $9,257,345 $9,430,372 35,981 46,700 (71,885) (126,638) (35,904) (79,938)

See accompanying notes to financial statements. F-51 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Janus Aspen Series (continued) ----------------------------------------------------------------------------- Janus Janus Janus Henderson Henderson Henderson Global Research Forty Portfolio -- Forty Portfolio -- Portfolio -- Institutional Shares Service Shares Institutional Shares ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $(476,815) $(115,542) $(188,990) $(42,305) $(158,745) $(121,925) Net realized gain (loss) on investments 1,042,180 975,810 282,800 289,076 3,476,427 2,644,152 Change in unrealized appreciation (depreciation) on investments 7,138,008 (4,916,888) 2,509,163 (1,776,114) 3,395,313 (5,553,141) Capital gain distribution 2,879,922 4,554,060 1,041,930 1,729,486 2,125,240 -- Increase (decrease) in net assets from operations 10,583,295 497,440 3,644,903 200,143 8,838,235 (3,030,914) From capital transactions (note 4): Net premiums 3,830 4,327 9,217 10,630 8,269 9,356 Death benefits (341,005) (127,927) (79,323) (67,166) (552,931) (263,621) Surrenders (4,157,297) (3,584,933) (1,402,664) (1,424,692) (6,523,716) (4,914,935) Administrative expenses (45,726) (49,139) (42,942) (44,087) (35,986) (42,722) Transfers between subaccounts (including fixed account), net (554,627) (689,599) 108,555 (484,339) (745,101) (322,535) Increase (decrease) in net assets from capital transactions (5,094,825) (4,447,271) (1,407,157) (2,009,654) (7,849,465) (5,534,457) Increase (decrease) in net assets 5,488,470 (3,949,831) 2,237,746 (1,809,511) 988,770 (8,565,371) Net assets at beginning of year 31,632,195 35,582,026 11,058,636 12,868,147 35,421,241 43,986,612 Net assets at end of year $37,120,665 $31,632,195 $13,296,382 $11,058,636 $36,410,011 $35,421,241 Change in units (note 5): Units purchased 20,071 24,907 46,540 25,789 16,869 10,044 Units redeemed (116,772) (121,008) (95,871) (101,871) (218,731) (186,728) Net increase (decrease) in units from capital transactions with contract owners (96,701) (96,101) (49,331) (76,082) (201,862) (176,684)

See accompanying notes to financial statements. F-52 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Janus Aspen Series (continued) --------------------------------------------------------------------------------------------------------------------------------- Janus Janus Henderson Henderson Janus Janus Janus Global Research Global Technology Henderson Henderson Henderson Portfolio -- Portfolio -- Overseas Portfolio -- Overseas Portfolio -- Research Portfolio -- Service Shares Service Shares Institutional Shares Service Shares Institutional Shares --------------------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 --------------------------------------------------------------------------------------------------------------------------------- $(19,937) $(21,592) $(94,397) $(33,053) $81,536 $65,892 $6,034 $2,517 $(372,085) $(378,691) 205,437 355,728 555,276 943,334 (855,600) (657,016) (16,473) (4,737) 2,407,259 2,582,864 318,021 (582,087) 1,988,746 (1,143,352) 5,034,085 (3,014,728) 483,722 (400,619) 5,085,572 (5,402,574) 181,071 -- 617,155 292,001 -- -- -- -- 4,027,207 2,075,139 684,592 (247,951) 3,066,780 58,930 4,260,021 (3,605,852) 473,283 (402,839) 11,147,953 (1,123,262) 306 575 11,819 2,489 2,436 2,806 -- -- 6,563 6,660 (4,859) (12,673) (80,576) (24,862) (145,657) (102,346) (92) (21,241) (636,558) (549,730) (392,387) (624,430) (875,063) (1,433,264) (1,973,255) (1,558,044) (166,046) (128,167) (5,069,335) (5,809,784) (4,913) (5,665) (17,191) (19,971) (24,983) (29,264) (4,451) (5,157) (44,349) (53,251) (60,185) (87,875) 55,310 450,181 (621,928) (25,224) (34,661) (35,141) (698,311) (513,909) (462,038) (730,068) (905,701) (1,025,427) (2,763,387) (1,712,072) (205,250) (189,706) (6,441,990) (6,920,014) 222,554 (978,019) 2,161,079 (966,497) 1,496,634 (5,317,924) 268,033 (592,545) 4,705,963 (8,043,276) 2,720,272 3,698,291 7,432,092 8,398,589 18,334,021 23,651,945 2,018,639 2,611,184 35,819,927 43,863,203 $2,942,826 $2,720,272 $9,593,171 $7,432,092 $19,830,655 $18,334,021 $2,286,672 $2,018,639 $40,525,890 $35,819,927 2,389 12,239 30,278 103,999 14,323 36,852 215 8,326 41,745 18,148 (42,387) (82,791) (85,981) (175,563) (110,196) (97,202) (15,305) (21,503) (219,612) (237,116) (39,998) (70,552) (55,703) (71,564) (95,873) (60,350) (15,090) (13,177) (177,867) (218,968)

See accompanying notes to financial statements. F-53 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Janus Aspen Series (continued) Legg Mason Partners Variable Equity Trust ------------------------- --------------------------------------------------- Janus ClearBridge ClearBridge Henderson Variable Aggressive Variable Dividend Research Portfolio -- Growth Portfolio -- Strategy Portfolio -- Service Shares Class II Class I ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $(38,332) $(41,424) $(46,370) $(75,259) $275 $1,886 Net realized gain (loss) on investments 171,395 283,711 5,828 155,052 286,559 336,392 Change in unrealized appreciation (depreciation) on investments 409,514 (493,130) 1,061,287 (1,043,203) 468,381 (879,805) Capital gain distribution 322,184 167,464 101,053 389,738 310,159 267,719 Increase (decrease) in net assets from operations 864,761 (83,379) 1,121,798 (573,672) 1,065,374 (273,808) From capital transactions (note 4): Net premiums -- -- 12,047 66,857 2,000 11,066 Death benefits (40,196) (11,045) (10,767) (27,817) (116,816) (5,507) Surrenders (386,898) (744,335) (446,742) (795,355) (445,113) (716,861) Administrative expenses (4,492) (5,559) (22,349) (25,877) (7,079) (8,140) Transfers between subaccounts (including fixed account), net (5,364) (18,729) (108,763) 349,028 (27,486) (111,132) Increase (decrease) in net assets from capital transactions (436,950) (779,668) (576,574) (433,164) (594,494) (830,574) Increase (decrease) in net assets 427,811 (863,047) 545,224 (1,006,836) 470,880 (1,104,382) Net assets at beginning of year 2,750,836 3,613,883 5,228,699 6,235,535 3,886,367 4,990,749 Net assets at end of year $3,178,647 $2,750,836 $5,773,923 $5,228,699 $4,357,247 $3,886,367 Change in units (note 5): Units purchased 4,578 2,556 10,028 48,187 23,004 17,676 Units redeemed (32,977) (57,309) (28,869) (60,944) (54,347) (64,711) Net increase (decrease) in units from capital transactions with contract owners (28,399) (54,753) (18,841) (12,757) (31,343) (47,035)

See accompanying notes to financial statements. F-54 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

Legg Mason Partners Variable Equity Trust (continued) ------------------------------------------------------ ClearBridge ClearBridge Variable Dividend Variable Large Cap Value Strategy Portfolio -- Portfolio -- Class II Class I ------------------------------------------------------ Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, 2019 2018 2019 2018 ------------------------------------------------------ $(40,026) $(48,453) $23,204 $(15,234) 468,564 677,016 257,313 549,834 984,471 (1,651,733) 2,102,031 (2,943,595) 568,550 492,522 862,886 926,251 1,981,559 (530,648) 3,245,434 (1,482,744) 200,688 26,943 23,537 1,245 (98,482) (48,502) (111,374) (284,404) (675,048) (1,057,014) (1,317,222) (1,814,575) (22,409) (25,954) (31,349) (35,315) (1,007,651) (877,402) 352,503 (639,559) (1,602,902) (1,981,929) (1,083,905) (2,772,608) 378,657 (2,512,577) 2,161,529 (4,255,352) 7,448,495 9,961,072 12,734,764 16,990,116 $7,827,152 $7,448,495 $14,896,293 $12,734,764 21,008 35,987 64,210 24,807 (107,951) (151,956) (111,792) (168,630) (86,943) (115,969) (47,582) (143,823)

MFS(R) Variable Insurance Trust ----------------------------------------------------------------------------- MFS(R) MFS(R) MFS(R) Investors Trust New Discovery Total Return Series -- Service Series -- Service Series -- Service Class Shares Class Shares Class Shares ----------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ----------------------------------------------------------------------------- $(52,435) $(64,013) $(250,647) $(223,344) $79,573 $17,285 303,248 333,758 254,939 841,632 869,494 1,163,011 709,288 (888,614) 1,450,387 (2,618,971) 4,425,727 (6,367,996) 285,470 250,644 3,409,179 1,867,510 1,044,276 1,925,845 1,245,571 (368,225) 4,863,858 (133,173) 6,419,070 (3,261,855) 2,545 5,838 160,890 3,599 249,751 31,855 (72,641) (28,809) (29,127) (60,831) (92,996) (158,204) (592,685) (735,505) (1,296,619) (1,566,284) (3,718,935) (3,940,065) (10,585) (13,080) (47,671) (32,317) (199,767) (211,129) (344,720) (49,852) 3,663,072 (1,710,249) (1,679,569) (1,370,462) (1,018,086) (821,408) 2,450,545 (3,366,082) (5,441,516) (5,648,005) 227,485 (1,189,633) 7,314,403 (3,499,255) 977,554 (8,909,860) 4,767,106 5,956,739 11,086,204 14,585,459 37,918,280 46,828,140 $4,994,591 $4,767,106 $18,400,607 $11,086,204 $38,895,834 $37,918,280 3,630 12,903 162,409 118,433 208,126 233,763 (51,154) (56,445) (96,150) (262,051) (504,448) (603,580) (47,524) (43,542) 66,259 (143,618) (296,322) (369,817)

See accompanying notes to financial statements. F-55 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

MFS(R) Variable Insurance Trust (continued) MFS(R) Variable Insurance Trust II ------------------------- --------------------------------------------------- MFS(R) MFS(R) Massachusetts MFS(R) Utilities Investors Growth Stock Strategic Income Series -- Service Portfolio -- Service Portfolio -- Service Class Shares Class Shares Class Shares ------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $294,603 $(102,274) $(83,367) $(94,571) $525 $653 Net realized gain (loss) on investments 650,865 239,861 196,372 282,513 96 (159) Change in unrealized appreciation (depreciation) on investments 1,805,778 (281,271) 1,474,719 (543,473) 1,882 (1,525) Capital gain distribution 40,010 54,427 531,235 425,878 -- -- Increase (decrease) in net assets from operations 2,791,256 (89,257) 2,118,959 70,347 2,503 (1,031) From capital transactions (note 4): Net premiums 1,715 4,286 4,300 5,767 -- -- Death benefits 24,054 (84,203) 4,707 (256,924) -- -- Surrenders (1,939,336) (1,436,823) (621,870) (1,711,868) -- (2,204) Administrative expenses (39,599) (41,462) (13,153) (18,242) (137) (149) Transfers between subaccounts (including fixed account), net (596,633) (629,594) (682,493) (419,443) (4,544) 370 Increase (decrease) in net assets from capital transactions (2,549,799) (2,187,796) (1,308,509) (2,400,710) (4,681) (1,983) Increase (decrease) in net assets 241,457 (2,277,053) 810,450 (2,330,363) (2,178) (3,014) Net assets at beginning of year 13,016,095 15,293,148 5,961,341 8,291,704 25,746 28,760 Net assets at end of year $13,257,552 $13,016,095 $6,771,791 $5,961,341 $23,568 $25,746 Change in units (note 5): Units purchased 28,656 10,684 20,082 12,846 35 62 Units redeemed (110,570) (93,386) (102,036) (190,748) (433) (249) Net increase (decrease) in units from capital transactions with contract owners (81,914) (82,702) (81,954) (177,902) (398) (187)

See accompanying notes to financial statements. F-56 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

PIMCO Variable Insurance Trust --------------------------------------------------------------------------------------------------------------------------------- International Long-Term High Yield Bond Portfolio U.S. Government Low Duration All Asset Portfolio -- (U.S. Dollar Hedged) -- Portfolio -- Portfolio -- Portfolio -- Advisor Administrative Administrative Administrative Administrative Class Shares Class Shares Class Shares Class Shares Class Shares --------------------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 --------------------------------------------------------------------------------------------------------------------------------- $65,105 $93,125 $1,435,536 $1,467,377 $4,324 $(5,867) $141,824 $248,953 $457,471 $92,440 (17,031) (9,308) 81,256 (140,682) 35,950 11,214 535,659 (913,409) (126,247) (275,603) 507,436 (539,026) 3,638,381 (3,166,751) 55,803 (219) 3,520,084 (929,237) 649,153 (408,769) -- -- -- -- 14,188 7,042 -- 169,237 -- -- 555,510 (455,209) 5,155,173 (1,840,056) 110,265 12,170 4,197,567 (1,424,456) 980,377 (591,932) 2,067 3,040 30,201 64,221 18 30 73,814 89,593 69,759 160,522 (3,140) 13,933 (83,544) (46,414) 41,361 (2,563) (109,087) (32,692) (6,405) (63,302) (590,717) (611,393) (4,935,672) (4,432,500) (471,412) (214,979) (4,453,189) (3,844,988) (4,677,060) (5,104,401) (23,437) (26,071) (296,397) (268,111) (4,353) (4,436) (279,724) (242,679) (349,299) (346,181) (724,312) (253,708) 5,985,277 3,168,368 9,363 62,576 4,463,271 5,450,134 1,729,897 6,645,261 (1,339,539) (874,199) 699,865 (1,514,436) (425,023) (159,372) (304,915) 1,419,368 (3,233,108) 1,291,899 (784,029) (1,329,408) 5,855,038 (3,354,492) (314,758) (147,202) 3,892,652 (5,088) (2,252,731) 699,967 5,902,188 7,231,596 40,478,621 43,833,113 2,166,076 2,313,278 34,646,389 34,651,477 44,145,802 43,445,835 $5,118,159 $5,902,188 $46,333,659 $40,478,621 $1,851,318 $2,166,076 $38,539,041 $34,646,389 $41,893,071 $44,145,802 10,815 27,759 579,536 548,321 4,097 5,192 719,325 714,459 770,693 1,249,700 (98,599) (85,449) (493,473) (596,128) (24,859) (13,235) (678,876) (602,181) (1,039,398) (1,142,689) (87,784) (57,690) 86,063 (47,807) (20,762) (8,043) 40,449 112,278 (268,705) 107,011

See accompanying notes to financial statements. F-57 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

PIMCO Variable State Street Variable Insurance Trust Insurance Series Funds, (continued) Rydex Variable Trust Inc. --------------------------- ------------------------- ------------------------- Total Return Portfolio -- Income Administrative NASDAQ -- 100(R) V.I.S. Fund -- Class Shares Fund Class 1 Shares --------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ------------------------------------------------------------------------------------------------------------------------ Increase (decrease) in net assets From operations: Net investment income (expense) $2,271,200 $1,662,949 $(67,307) $(80,687) $(198,917) $100,883 Net realized gain (loss) on investments (322,009) (2,827,887) 132,907 432,561 9,717 (90,545) Change in unrealized appreciation (depreciation) on investments 8,811,657 (5,774,875) 1,223,706 (684,435) 1,232,237 (543,978) Capital gain distribution -- 2,037,138 112,927 214,254 -- -- Increase (decrease) in net assets from operations 10,760,848 (4,902,675) 1,402,233 (118,307) 1,043,037 (533,640) From capital transactions (note 4): Net premiums 190,482 207,043 23,800 -- 22,024 4,826 Death benefits (756,591) (393,995) (27,829) (3,853) (354,066) (137,293) Surrenders (18,089,467) (21,736,722) (251,775) (530,531) (1,378,360) (1,722,512) Administrative expenses (1,117,888) (1,326,988) (15,943) (19,058) (47,156) (51,574) Transfers between subaccounts (including fixed account), net (220,079) (25,603,661) 137,196 (661,907) (464,956) (222,150) Increase (decrease) in net assets from capital transactions (19,993,543) (48,854,323) (134,551) (1,215,349) (2,222,514) (2,128,703) Increase (decrease) in net assets (9,232,695) (53,756,998) 1,267,682 (1,333,656) (1,179,477) (2,662,343) Net assets at beginning of year 165,306,074 219,063,072 4,093,254 5,426,910 15,782,441 18,444,784 Net assets at end of year $156,073,379 $165,306,074 $5,360,936 $4,093,254 $14,602,964 $15,782,441 Change in units (note 5): Units purchased 1,740,760 1,570,047 20,082 100,461 32,438 53,793 Units redeemed (2,949,377) (4,875,393) (22,217) (172,357) (179,286) (204,310) Net increase (decrease) in units from capital transactions with contract owners (1,208,617) (3,305,346) (2,135) (71,896) (146,848) (150,517)

See accompanying notes to financial statements. F-58 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

State Street Variable Insurance Series Funds, Inc. (continued) --------------------------------------------------------------------------------------------------------- Premier Growth Real Estate S&P 500(R) Small-Cap Equity Securities Index Equity V.I.S. Fund -- V.I.S. Fund -- V.I.S. Fund -- V.I.S. Fund -- Class 1 Shares Class 1 Shares Class 1 Shares Class 1 Shares ---------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 ---------------------------------------------------------------------------------------------------------- $(418,555) $(418,450) $(97,055) $380,649 $(241,260) $218,877 $(431,289) $(514,838) 624,637 1,080,172 282,494 (1,175,007) 8,056,833 10,877,487 (127,040) 724,347 4,754,489 (5,109,267) 6,374,008 (3,054,175) 20,043,457 (28,541,135) 4,549,053 (7,359,690) 3,252,046 3,572,415 2,934,009 548,280 8,318,067 9,449,465 2,034,764 4,013,077 8,212,617 (875,130) 9,493,456 (3,300,253) 36,177,097 (7,995,306) 6,025,488 (3,137,104) 18,064 16,332 38,814 42,601 459,638 374,711 28,227 23,911 (86,087) (199,265) (131,253) (123,673) (251,213) (1,679,369) (178,897) (111,917) (2,545,885) (2,982,926) (4,162,134) (4,918,422) (14,193,318) (16,411,535) (2,748,506) (3,253,886) (61,982) (70,386) (215,005) (215,957) (305,423) (335,760) (79,358) (88,691) (1,017,931) (1,342,349) (1,233,503) (483,143) (1,038,770) (2,566,590) (884,183) (2,228,195) (3,693,821) (4,578,594) (5,703,081) (5,698,594) (15,329,086) (20,618,543) (3,862,717) (5,658,778) 4,518,796 (5,453,724) 3,790,375 (8,998,847) 20,848,011 (28,613,849) 2,162,771 (8,795,882) 24,920,244 30,373,968 40,405,055 49,403,902 130,222,682 158,836,531 26,186,159 34,982,041 $29,439,040 $24,920,244 $44,195,430 $40,405,055 $151,070,693 $130,222,682 $28,348,930 $26,186,159 17,942 24,869 176,439 314,213 288,608 227,466 29,180 47,367 (157,831) (204,620) (342,450) (455,029) (751,938) (855,095) (139,093) (206,226) (139,889) (179,751) (166,011) (140,816) (463,330) (627,629) (109,913) (158,859)

---------------------------- Total Return V.I.S. Fund -- Class 1 Shares --------------------------- Year ended Year ended December 31, December 31, 2019 2018 --------------------------- $4,980,412 $4,074,338 (11,588,647) 12,732,046 103,665,993 (239,009,728) -- 159,884,782 97,057,758 (62,318,562) 3,970,654 4,969,816 (1,545,848) (560,079) (66,090,594) (56,496,478) (328,565) (381,159) (3,167,612) (5,540,533) (67,161,965) (58,008,433) 29,895,793 (120,326,995) 721,183,377 841,510,372 $751,079,170 $721,183,377 1,847,735 3,425,823 (5,578,317) (6,564,934) (3,730,582) (3,139,111)

See accompanying notes to financial statements. F-59 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

State Street Variable Insurance Series Funds, Inc. (continued) The Alger Portfolios ----------------------------------------------------- ------------------------- Alger Total U.S. Large Cap Return Equity Growth V.I.S. Fund -- V.I.S. Fund -- Portfolio -- Class 3 Shares Class 1 Shares Class I-2 Shares --------------------------- ------------------------- ------------------------- Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 ------------------------------------------------------------------------------------------------------------------------ Increase (decrease) in net assets From operations: Net investment income (expense) $372,617 $(728,847) $(187,337) $(170,284) $(388,174) $(432,230) Net realized gain (loss) on investments (8,287,842) 15,553,068 647,572 780,546 981,911 1,563,183 Change in unrealized appreciation (depreciation) on investments 67,279,342 (163,129,738) 3,746,647 (3,395,008) 4,880,665 (5,132,052) Capital gain distribution -- 104,312,914 1,235,374 1,915,201 477,611 4,601,589 Increase (decrease) in net assets from operations 59,364,117 (43,992,603) 5,442,256 (869,545) 5,952,013 600,490 From capital transactions (note 4): Net premiums 760,970 1,219,212 11,657 2,251 4,510 2,127 Death benefits (1,127,935) (1,385,564) (208,168) (29,757) (1,666,468) (382,321) Surrenders (52,042,539) (87,264,644) (2,201,189) (2,391,218) (2,420,194) (3,287,661) Administrative expenses (2,788,962) (3,067,425) (58,696) (63,256) (30,679) (37,130) Transfers between subaccounts (including fixed account), net (13,691,891) (14,030,212) (1,071,159) (1,050,166) (846,637) (223,207) Increase (decrease) in net assets from capital transactions (68,890,357) (104,528,633) (3,527,555) (3,532,146) (4,959,468) (3,928,192) Increase (decrease) in net assets (9,526,240) (148,521,236) 1,914,701 (4,401,691) 992,545 (3,327,702) Net assets at beginning of year 467,140,607 615,661,843 19,506,573 23,908,264 24,702,155 28,029,857 Net assets at end of year $457,614,367 $467,140,607 $21,421,274 $19,506,573 $25,694,700 $24,702,155 Change in units (note 5): Units purchased 2,119,411 2,310,507 27,852 36,194 15,344 27,811 Units redeemed (7,094,624) (10,245,080) (177,711) (197,624) (202,628) (167,611) Net increase (decrease) in units from capital transactions with contract owners (4,975,213) (7,934,573) (149,859) (161,430) (187,284) (139,800)

See accompanying notes to financial statements. F-60 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

The Alger Portfolios (continued) The Prudential Series Fund --------------------------------------------------------------------------------------------------------------------------------- Alger Jennison SP Small Cap 20/20 Natural International Growth Focus Jennison Resources Growth Portfolio -- Portfolio -- Portfolio -- Portfolio -- Portfolio -- Class I-2 Shares Class II Shares Class II Shares Class II Shares Class II Shares --------------------------------------------------------------------------------------------------------------------------------- Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, December 31, 2019 2018 2019 2018 2019 2018 2019 2018 2019 2018 --------------------------------------------------------------------------------------------------------------------------------- $(271,478) $(300,962) $(80,722) $(93,564) $(82,835) $(89,816) $(577,882) $(587,092) $-- $(9) 676,144 510,941 462,331 519,319 453,617 412,707 (896,778) (79,944) 11 64 3,101,881 (632,555) 837,729 (769,924) 1,052,222 (404,187) 4,363,877 (6,820,702) 7 (94) 963,120 754,262 -- -- -- -- -- -- -- -- 4,469,667 331,686 1,219,338 (344,169) 1,423,004 (81,296) 2,889,217 (7,487,738) 18 (39) 6,738 3,715 1,378 1,092 392,724 19,007 25,320 68,243 -- -- (86,706) (355,788) 855 (1,417) (77,284) (94,605) (78,168) (67,348) -- -- (2,363,281) (2,734,968) (592,745) (322,788) (223,829) (535,130) (3,482,016) (3,585,221) (184) (677) (25,554) (30,986) (18,864) (20,601) (25,585) (28,004) (326,576) (314,971) -- (4) (986,076) (195,506) (195,076) (561,169) (674,756) 8,295 1,802,726 9,867,285 (4) (1) (3,454,879) (3,313,533) (804,452) (904,883) (608,730) (630,437) (2,058,714) 5,967,988 (188) (682) 1,014,788 (2,981,847) 414,886 (1,249,052) 814,274 (711,733) 830,503 (1,519,750) (170) (721) 17,041,734 20,023,581 4,893,643 6,142,695 4,864,035 5,575,768 32,877,728 34,397,478 170 891 $18,056,522 $17,041,734 $5,308,529 $4,893,643 $5,678,309 $4,864,035 $33,708,231 $32,877,728 $-- $170 57,989 43,064 1,611 5,048 13,717 11,231 1,229,536 2,811,860 -- -- (181,553) (168,912) (25,710) (31,500) (29,340) (28,883) (1,537,573) (1,811,912) (14) (49) (123,564) (125,848) (24,099) (26,452) (15,623) (17,652) (308,037) 999,948 (14) (49)

See accompanying notes to financial statements. F-61 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Statements of Changes in Net Assets -- Continued

The Prudential Series Wells Fargo Variable Fund (continued) Trust ------------------------- ------------------------- SP Prudential Wells Fargo U.S. Emerging VT Omega Growth Growth Portfolio -- Fund -- Class II Shares Class 2 ------------------------- ------------------------- Year ended Year ended Year ended Year ended December 31, December 31, December 31, December 31, 2019 2018 2019 2018 -------------------------------------------------------------------------------------------- Increase (decrease) in net assets From operations: Net investment income (expense) $(285) $(279) $(121,836) $(123,070) Net realized gain (loss) on investments 720 381 186,655 206,865 Change in unrealized appreciation (depreciation) on investments 4,811 (1,770) 1,280,165 (914,057) Capital gain distribution -- -- 978,561 821,699 Increase (decrease) in net assets from operations 5,246 (1,668) 2,323,545 (8,563) From capital transactions (note 4): Net premiums -- -- 424,147 38,088 Death benefits -- -- (160,316) (191,902) Surrenders (943) (406) (481,588) (578,589) Administrative expenses (28) (28) (39,803) (39,696) Transfers between subaccounts (including fixed account), net (1) -- (636,304) (353,941) Increase (decrease) in net assets from capital transactions (972) (434) (893,864) (1,126,040) Increase (decrease) in net assets 4,274 (2,102) 1,429,681 (1,134,603) Net assets at beginning of year 15,473 17,575 6,895,652 8,030,255 Net assets at end of year $19,747 $15,473 $8,325,333 $6,895,652 Change in units (note 5): Units purchased -- -- 20,061 9,388 Units redeemed (36) (18) (48,867) (50,098) Net increase (decrease) in units from capital transactions with contract owners (36) (18) (28,806) (40,710)

See accompanying notes to financial statements. F-62 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements December 31, 2019 (1)Description of Entity Genworth Life & Annuity VA Separate Account 1 (the "Separate Account") is a separate investment account established on August 19, 1987 by Genworth Life and Annuity Insurance Company ("GLAIC"), pursuant to the laws of the Commonwealth of Virginia. GLAIC is a stock life insurance company operating under a charter granted by the Commonwealth of Virginia on March 21, 1871 as The Life Insurance Company of Virginia. An affiliate of GLAIC's former ultimate parent company acquired GLAIC on April 1, 1996 and ultimately contributed the majority of the outstanding common stock to Genworth Life Insurance Company ("GLIC"). On May 31, 2004, GLAIC became a direct, wholly-owned subsidiary of GLIC. GLAIC is an indirect, wholly-owned subsidiary of Genworth Financial, Inc. ("Genworth"). On October 21, 2016, Genworth entered into an agreement and plan of merger (the "Merger Agreement") with Asia Pacific Global Capital Co., Ltd. ("Parent"), a limited liability company incorporated in the People's Republic of China and a subsidiary of China Oceanwide Holdings Group Co., Ltd., a limited liability company incorporated in the People's Republic of China (together with its affiliates, "China Oceanwide"), and Asia Pacific Global Capital USA Corporation ("Merger Sub"), a Delaware corporation and a direct, wholly-owned subsidiary of Asia Pacific Insurance USA Holdings LLC ("Asia Pacific Insurance"), which is a Delaware limited liability company and owned by China Oceanwide, pursuant to which, subject to the terms and conditions set forth therein, Merger Sub would merge with and into Genworth with Genworth surviving the merger as a direct, wholly-owned subsidiary of Asia Pacific Insurance (the "Merger"). China Oceanwide has agreed to acquire all of Genworth's outstanding common stock for a total transaction value of approximately $2.7 billion, or $5.43 per share in cash. At a special meeting held on March 7, 2017, Genworth's stockholders voted on and approved a proposal to adopt the Merger Agreement. The closing of the transaction remains subject to other closing conditions and regulatory re-approvals. GLAIC has a 34.5% investment in an affiliate, Genworth Life Insurance Company of New York. GLAIC's principal offices are located at 6610 West Broad Street, Richmond, Virginia 23230. GLAIC's principal products are life insurance and fixed deferred and immediate annuities. Life insurance products provide protection against financial hardship after the death of an insured. Deferred annuities are investment vehicles intended for contract owners who want to accumulate tax-deferred assets for retirement, desire a tax-efficient source of income and seek to protect against outliving their assets. Immediate annuities provide a fixed amount of income for either a defined number of years, the annuitant's lifetime or the longer of a defined number of years or the annuitant's lifetime. In March 2016, GLAIC suspended sales of traditional life insurance and fixed annuity products. GLAIC, however, continues to service its existing retained and reinsured blocks of business. GLAIC also has other products which have not been actively sold since 2011, but it continues to service its existing blocks of business. Those products include variable annuities, including group variable annuities offered through retirement plans, variable life insurance and funding agreements. Most of its variable annuities include guaranteed minimum death benefits. Some of GLAIC's group and individual variable annuity products include guaranteed minimum benefit features such as guaranteed minimum withdrawal benefits and certain types of guaranteed annuitization benefits. GLAIC does business in Bermuda, the District of Columbia and all states, except New York. The Separate Account has subaccounts that currently invest in series or portfolios ("Portfolios") of open-end mutual funds ("Funds"). Such Portfolios are not sold directly to the general public. The Portfolios are sold to GLAIC, and they may also be sold to other insurance companies that issue variable annuity contracts and variable life insurance policies, including affiliated insurance companies of GLAIC. In addition, the Portfolios may be sold to retirement plans. GLAIC uses the Separate Account to support flexible premium variable deferred and immediate annuity contracts issued by GLAIC, as well as other purposes permitted by law. F-63 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019 Currently, there are multiple subaccounts of the Separate Account available under each contract. Each subaccount invests exclusively in shares representing an interest in a separate corresponding Portfolio (a division of a Fund, the assets of which are separate from other Portfolios that may be available in the Fund). The assets of the Separate Account belong to GLAIC. However, GLAIC does not charge the assets in the Separate Account attributable to the contracts with liabilities arising out of any other business that GLAIC may conduct. The assets of the Separate Account will, however, be available to cover the liabilities of GLAIC's General Account to the extent that the assets of the Separate Account exceed its liabilities arising under the contracts supported by it. Income and both realized and unrealized gains or losses from the assets of the Separate Account are credited to or charged against the Separate Account without regard to the income, gains or losses arising out of any other business GLAIC may conduct. Guarantees made under the contracts, including any rider options, are based on the claims paying ability of GLAIC to the extent that the amount of the guarantee exceeds the assets available in the Separate Account. The Separate Account is registered with the U.S. Securities and Exchange Commission ("SEC") as a unit investment trust under the Investment Company Act of 1940, as amended. The Separate Account meets the definition of a separate account under the Federal securities laws. Registration with the SEC does not involve supervision of the management or investment practices or policies of the Separate Account by the SEC. Contract owners assume the full investment risk for amounts allocated by contract owners to the Separate Account. On June 3, 2019, Dreyfus -- Dreyfus Investment Portfolios MidCap Stock Portfolio -- Initial Shares changed its name to BNY Mellon -- BNY Mellon Investment Portfolios -- MidCap Stock Portfolio -- Initial Shares. On June 3, 2019, Dreyfus -- Dreyfus Variable Investment Fund -- Government Money Market Portfolio changed its name to BNY Mellon -- BNY Mellon Variable Investment Fund -- Government Money Market Portfolio. On June 3, 2019, Dreyfus -- The Dreyfus Sustainable U.S. Equity Portfolio, Inc. -- Initial Shares changed its name to BNY Mellon -- BNY Mellon Sustainable U.S. Equity Portfolio, Inc. -- Initial Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Capital Appreciation Fund/VA -- Non-Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Capital Appreciation Fund -- Series I Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Capital Appreciation Fund/VA -- Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Capital Appreciation Fund -- Series II Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Conservative Balanced Fund/VA -- Non-Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Conservative Balanced Fund -- Series I Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Conservative Balanced Fund/VA -- Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Conservative Balanced Fund -- Series II Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Discovery Mid Cap Growth Fund/VA -- Non-Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund -- Series I Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Discovery Mid Cap Growth Fund/VA -- Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund -- Series II Shares. F-64 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019 On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Global Fund/VA -- Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Global Fund -- Series II Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Global Strategic Income Fund/VA -- Non-Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Global Strategic Income Fund -- Series I Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Main Street Fund(R)/VA -- Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Main Street Fund(R) -- Series II Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Main Street Small Cap Fund(R)/VA -- Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Main Street Small Cap Fund(R) -- Series II Shares. On May 27, 2019, Oppenheimer Variable Account Funds -- Oppenheimer Total Return Bond Fund/VA -- Non-Service Shares changed its name to AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco Oppenheimer V.I. Total Return Bond Fund -- Series I Shares. On May 1, 2019, Franklin Templeton Variable Insurance Products Trust -- Franklin Founding Funds Allocation VIP Fund -- Class 2 Shares changed its name to Franklin Templeton Variable Insurance Products Trust -- Franklin Allocation VIP Fund -- Class 2 Shares. On August 17, 2018, Federated Insurance Series -- Federated Managed Tail Risk Fund II - Primary Shares was liquidated, and the cash was reinvested in Federated Insurance Series -- Federated Managed Volatility Fund II -- Primary Shares. On July 30, 2018, PIMCO Variable Insurance Trust -- Foreign Bond Portfolio (U.S. Dollar Hedged) -- Administrative Class Shares changed its name to PIMCO Variable Insurance Trust -- International Bond Portfolio (U.S. Dollar Hedged) -- Administrative Class Shares. On June 29, 2018, Deutsche Variable Series I -- Deutsche Capital Growth VIP -- Class B Shares changed its name to Deutsche DWS Variable Series I -- DWS Capital Growth VIP -- Class B Shares. On June 29, 2018, Deutsche Variable Series II -- Deutsche CROCI(R) U.S. VIP -- Class B Shares changed its name to Deutsche DWS Variable Series II -- DWS CROCI(R) U.S. VIP -- Class B Shares. On June 29, 2018, Deutsche Variable Series II -- Deutsche Small Mid Cap Value VIP -- Class B Shares changed its name to Deutsche DWS Variable Series II -- DWS Small Mid Cap Value VIP -- Class B Shares. On May 1, 2018, Columbia Funds Variable Series Trust II -- Variable Portfolio -- Loomis Sayles Growth Fund -- Class 1 changed its name to Columbia Funds Variable Series Trust II -- CTIVPSM -- Loomis Sayles Growth Fund -- Class 1. On May 1, 2018, Columbia Funds Variable Series Trust II -- Columbia Variable Portfolio -- Select International Equity Fund -- Class 2 changed its name to Columbia Funds Variable Series Trust II -- Columbia Variable Portfolio -- Overseas Core Fund -- Class 2. F-65 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019 As of December 31, 2019, AIM Variable Insurance Funds (Invesco Variable Insurance Funds)- Invesco V.I. Mid Cap Growth Fund -- Series I shares, AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco V.I. Managed Volatility Fund -- Series I shares, and The Prudential Series Fund -- Equity Portfolio -- Class II Shares were available as investment options under the contract, but not shown on the statements as there was no activity from January 1, 2018 through December 31, 2019. All designated Portfolios listed above are series type mutual funds. (2)Summary of Significant Accounting Policies (a) Basis of Presentation These financial statements have been prepared on the basis of U.S. generally accepted accounting principles ("U.S. GAAP"). Preparing financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts and disclosures reported therein. Actual results could differ from those estimates. Prior year balances related to funds liquidated in 2018 are not disclosed in the Statements of Changes in Net Assets as they are no longer active in 2019. The Separate Account is an investment company and follows accounting and reporting guidance under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 946, Financial Services -- Investment Companies. (b) Investments Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In determining fair value, the Separate Account, generally, uses a market approach as the valuation technique due to the nature of the mutual fund investments offered in the Separate Account. This technique maximizes the use of observable inputs and minimizes the use of unobservable inputs. Investments in mutual funds are valued at the mutual fund's closing net asset value per share on the day of valuation. Valuation Inputs: Various inputs are used to determine the value of the mutual fund's investments. These inputs are summarized in the three broad levels listed below: . Level 1 -- quoted prices in active markets for identical securities; . Level 2 -- observable inputs other than Level 1 quoted prices (including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds and credit risk); and . Level 3 -- unobservable inputs. The investments of the Separate Account are measured at fair value on a recurring basis. All investments are categorized as Level 1 as of December 31, 2019 and there were no transfers between the levels during 2019. Purchases and redemptions of investments in mutual funds are recorded on the Valuation Day the request for the purchase or redemption is received. A Valuation Day is any day that the New York Stock Exchange is open for regular trading, except for days on which a Portfolio does not value its shares. Income distributions, and gains from realized gain distributions, are recorded on the ex-dividend date. Realized gains and losses on investments are determined on the average cost basis. Units and unit values are disclosed as of the last Valuation Day of the applicable year or period. (c) Unit Classes There are several unit classes of subaccounts based on the variable annuity contract through which the subaccounts are available. An indefinite number of units in each unit class is authorized. Each unit class has its own expense structure as F-66 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019 noted in note 4(a) below. In January 2011, Genworth announced that its insurance company subsidiaries, including GLAIC, would discontinue new sales of variable annuity products but would continue to service existing blocks of business. Although the contracts are no longer available for new sales, additional purchase payments may still be accepted under the terms of the contracts. (d) Federal Income Taxes The operations of the Separate Account are a part of, and taxed with, the operations of GLAIC. Therefore, the Separate Account is not separately taxed as a regulated investment company under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"). Under existing federal income tax laws, investment income and capital gains of the Separate Account are not taxed. Accordingly, the Separate Account paid no federal income taxes and no federal income tax payment was required. GLAIC is taxed as a life insurance company under the Code. (e) Payments During Annuitization Net assets allocated to the contracts in variable payout stages ("variable annuitization") are computed in accordance with the mortality tables in effect at the time of contract issue. The default assumed interest rate is an effective annual rate of 3% for all variable annuitizations paid on a life contingency basis, with the exception of those contract owners who have annuitized while electing the Payment Optimizer Plus rider option. Under this rider option, the assumed interest rate is 4%. For contract owners who have purchased the RetireReady/SM/ Retirement Answer variable annuity, the assumed interest rate is 3.5%. The mortality risk is fully borne by GLAIC and may result in amounts transferred from GLAIC's General Account to the Separate Account should annuitants live longer than assumed. GLAIC may transfer amounts from the Separate Account to its General Account should the contracts experience higher mortality than assumed. (f) Subsequent Events Subsequent to December 31, 2019, the coronavirus pandemic has disrupted the global economy and financial markets; business operations; and consumer behavior and confidence. As a result, the Separate Account could experience significant declines in net assets. The coronavirus pandemic could also disrupt medical and financial services and has resulted in Genworth practicing social distancing with its employees through office closures, all of which could disrupt the Separate Accounts normal business operations. While the impact of the developing coronavirus pandemic is very difficult to predict, the related outcomes and impact on the Separate Account will depend on the length of the pandemic and shape of the economic recovery. The Separate Account is continuing to monitor pandemic developments and the potential financial impacts on its business. Contract owners should continue to monitor their account values. No material subsequent events have occurred since December 31, 2019 through April 22, 2020, the date the financial statements were issued, that would require adjustment to the financial statements. (3)Purchases and Sales of Investments The aggregate cost of investments acquired, and the aggregate proceeds of investments sold, for the year ended December 31, 2019 were:

Cost of Proceeds Shares from Fund/Portfolio Acquired Shares Sold -------------- ----------- ----------- AB Variable Products Series Fund, Inc. AB Balanced Wealth Strategy Portfolio -- Class B........... $ 2,112,890 $ 2,589,270 AB Global Thematic Growth Portfolio -- Class B.............. 211,697 481,077 AB Growth and Income Portfolio -- Class B. 11,086,210 12,354,258 AB International Value Portfolio -- Class B.............. 4,471,228 8,327,627 AB Large Cap Growth Portfolio -- Class B. 4,021,289 3,155,766 AB Small Cap Growth Portfolio -- Class B. 2,865,724 2,559,175

F-67 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Cost of Proceeds Shares from Fund/Portfolio Acquired Shares Sold -------------- ----------- ----------- AIM Variable Insurance Funds (Invesco Variable Insurance Funds) Invesco Oppenheimer V.I. Capital Appreciation Fund -- Series I Shares.. $ 2,934,605 $ 4,990,716 Invesco Oppenheimer V.I. Capital Appreciation Fund -- Series II Shares. 899,414 1,109,261 Invesco Oppenheimer V.I. Conservative Balanced Fund -- Series I Shares..... 841,890 1,637,407 Invesco Oppenheimer V.I. Conservative Balanced Fund -- Series II Shares.... 3,672,215 4,392,916 Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund -- Series I Shares..... 3,669,910 4,450,289 Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund -- Series II Shares.... 3,848,467 1,724,283 Invesco Oppenheimer V.I. Global Fund -- Series II Shares.... 16,174,440 15,771,880 Invesco Oppenheimer V.I. Global Strategic Income Fund -- Series I Shares.............. 182,928 488,796 Invesco Oppenheimer V.I. Main Street Fund(R) -- Series II Shares........... 27,051,860 33,086,445 Invesco Oppenheimer V.I. Main Street Small Cap Fund(R) -- Series II Shares. 6,150,168 7,960,539 Invesco Oppenheimer V.I. Total Return Bond Fund -- Series I Shares............ 1,046,899 1,370,789 Invesco V.I. American Franchise Fund -- Series I shares..... 8,474,543 2,527,503 Invesco V.I. American Franchise Fund -- Series II shares.... 1,348,570 1,596,468 Invesco V.I. Comstock Fund -- Series II shares.............. 4,167,300 3,967,687 Invesco V.I. Core Equity Fund -- Series I shares..... 20,204,403 30,344,574 Invesco V.I. Equity and Income Fund -- Series II shares.... 3,437,395 3,964,157 Invesco V.I. Global Real Estate Fund -- Series II shares.... 31,930 58,920 Invesco V.I. Government Securities Fund -- Series I shares..... -- 2,934 Invesco V.I. International Growth Fund -- Series II shares.... 6,280,084 12,445,574 Invesco V.I. Technology Fund -- Series I shares..... -- 36,965 Invesco V.I. Value Opportunities Fund -- Series II shares. 1,091,698 810,156 American Century Variable Portfolios II, Inc. VP Inflation Protection Fund -- Class II............ 7,120,752 10,452,564 American Century Variable Portfolios, Inc. VP Income & Growth Fund -- Class I..... 66,317 93,492 VP International Fund -- Class I.......... 59,439 137,454 VP Ultra(R) Fund -- Class I............. 9,080 17,486 VP Value Fund -- Class I............. 5,184 3,998 BNY Mellon BNY Mellon Investment Portfolios -- MidCap Stock Portfolio -- Initial Shares...... 7,427 6,794 BNY Mellon Sustainable U.S. Equity Portfolio, Inc. -- Initial Shares.............. 320,846 176,998 BNY Mellon Variable Investment Fund -- Government Money Market Portfolio.... 1,815,981 1,845,122 BlackRock Variable Series Funds, Inc. BlackRock Advantage U.S. Total Market V.I. Fund -- Class III Shares.... 962,796 897,718 BlackRock Basic Value V.I. Fund -- Class III Shares.... 6,284,605 7,438,471 BlackRock Global Allocation V.I. Fund -- Class III Shares.............. 18,972,964 49,512,945 BlackRock Large Cap Focus Growth V.I. Fund -- Class III Shares.............. 1,771,103 339,617 Columbia Funds Variable Series Trust II CTIVP/SM/ -- Loomis Sayles Growth Fund -- Class 1.......... 2,669,517 12,968,433 Columbia Variable Portfolio -- Overseas Core Fund -- Class 2.......... 2,439,922 2,146,755 Deutsche DWS Variable Series I DWS Capital Growth VIP -- Class B Shares.............. 1,272 11,004 Deutsche DWS Variable Series II DWS CROCI(R) U.S. VIP -- Class B Shares... 8,488 10,117 DWS Small Mid Cap Value VIP -- Class B Shares...... 1,471 1,381

F-68 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Cost of Proceeds Shares from Fund/Portfolio Acquired Shares Sold -------------- ------------ ------------ Eaton Vance Variable Trust VT Floating -- Rate Income Fund.......... $ 8,993,413 $ 18,227,882 Federated Insurance Series Federated High Income Bond Fund II -- Primary Shares....... 959,890 1,990,403 Federated High Income Bond Fund II -- Service Shares....... 945,861 2,181,611 Federated Kaufmann Fund II -- Service Shares............... 2,235,449 4,395,458 Federated Managed Volatility Fund II -- Primary Shares.... 1,108,362 1,496,991 Fidelity(R) Variable Insurance Products Fund VIP Asset Manager/SM/ Portfolio -- Initial Class........ 2,411,618 5,591,054 VIP Asset Manager/SM/ Portfolio -- Service Class 2...... 420,309 843,542 VIP Balanced Portfolio -- Service Class 2...... 10,786,722 11,928,341 VIP Contrafund(R) Portfolio -- Initial Class........ 13,729,196 16,548,250 VIP Contrafund(R) Portfolio -- Service Class 2...... 17,155,818 29,362,389 VIP Dynamic Capital Appreciation Portfolio -- Service Class 2...... 336,814 336,350 VIP Equity-Income Portfolio -- Initial Class........ 7,083,302 10,920,617 VIP Equity-Income Portfolio -- Service Class 2...... 10,380,064 14,523,089 VIP Growth & Income Portfolio -- Initial Class........ 2,684,939 3,194,470 VIP Growth & Income Portfolio -- Service Class 2...... 2,078,192 2,605,950 VIP Growth Opportunities Portfolio -- Initial Class........ 3,389,186 3,699,928 VIP Growth Opportunities Portfolio -- Service Class 2...... 5,893,081 7,662,892 VIP Growth Portfolio -- Initial Class..... 4,657,535 10,785,428 VIP Growth Portfolio -- Service Class 2... 2,545,667 3,955,754 VIP Investment Grade Bond Portfolio -- Service Class 2...... 17,404,335 23,687,444 VIP Mid Cap Portfolio -- Initial Class..... 1,121 3,601 VIP Mid Cap Portfolio -- Service Class 2... 22,720,597 26,423,709 VIP Overseas Portfolio -- Initial Class........ 1,274,684 4,711,841 VIP Value Strategies Portfolio -- Service Class 2...... 367,565 550,817 Franklin Templeton Variable Insurance Products Trust Franklin Allocation VIP Fund -- Class 2 Shares............... 8,478,070 14,046,879 Franklin Income VIP Fund -- Class 2 Shares............... 30,985,215 56,490,757 Franklin Large Cap Growth VIP Fund -- Class 2 Shares....... 23,622 40,212 Franklin Mutual Shares VIP Fund -- Class 2 Shares....... 2,100,913 3,926,077 Templeton Foreign VIP Fund -- Class 1 Shares............... 438,212 1,329,769 Templeton Foreign VIP Fund -- Class 2 Shares............... 93,066 132,951 Templeton Global Bond VIP Fund -- Class 1 Shares............... 438,897 658,124 Templeton Growth VIP Fund -- Class 2 Shares............... 2,391,079 2,098,766 Goldman Sachs Variable Insurance Trust Goldman Sachs Government Money Market Fund -- Service Shares....... 147,329,611 161,697,716 Goldman Sachs Large Cap Value Fund -- Institutional Shares. 384,780 842,660 Goldman Sachs Mid Cap Value Fund -- Institutional Shares. 2,721,843 7,453,732 JPMorgan Insurance Trust JPMorgan Insurance Trust Core Bond Portfolio -- Class 1. 529,639 758,086 JPMorgan Insurance Trust Mid Cap Value Portfolio -- Class 1. 63,082 106,585 JPMorgan Insurance Trust Small Cap Core Portfolio -- Class 1.............. 30,490 40,385 JPMorgan Insurance Trust U.S. Equity Portfolio -- Class 1. 230,437 444,365

F-69 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Cost of Proceeds Shares from Fund/Portfolio Acquired Shares Sold -------------- ----------- ------------ Janus Aspen Series Janus Henderson Balanced Portfolio -- Institutional Shares............... $ 5,878,211 $ 11,235,206 Janus Henderson Balanced Portfolio -- Service Shares.... 16,457,958 21,092,250 Janus Henderson Enterprise Portfolio -- Institutional Shares. 4,597,248 9,080,150 Janus Henderson Enterprise Portfolio -- Service Shares....... 453,861 930,356 Janus Henderson Flexible Bond Portfolio -- Institutional Shares. 1,149,303 1,859,324 Janus Henderson Forty Portfolio -- Institutional Shares. 4,030,159 6,512,126 Janus Henderson Forty Portfolio -- Service Shares....... 2,559,040 3,111,048 Janus Henderson Global Research Portfolio -- Institutional Shares. 2,947,757 8,706,954 Janus Henderson Global Research Portfolio -- Service Shares....... 234,710 535,863 Janus Henderson Global Technology Portfolio -- Service Shares....... 1,133,395 1,526,884 Janus Henderson Overseas Portfolio -- Institutional Shares............... 793,346 3,461,373 Janus Henderson Overseas Portfolio -- Service Shares.... 41,647 241,046 Janus Henderson Research Portfolio -- Institutional Shares............... 5,318,006 8,118,471 Janus Henderson Research Portfolio -- Service Shares.... 398,371 551,685 Legg Mason Partners Variable Equity Trust ClearBridge Variable Aggressive Growth Portfolio -- Class II............. 443,963 965,861 ClearBridge Variable Dividend Strategy Portfolio -- Class I. 844,565 1,130,753 ClearBridge Variable Dividend Strategy Portfolio -- Class II............. 1,064,357 2,141,395 ClearBridge Variable Large Cap Value Portfolio -- Class I. 2,191,901 2,390,162 MFS(R) Variable Insurance Trust MFS(R) Investors Trust Series -- Service Class Shares. 396,510 1,182,251 MFS(R) New Discovery Series -- Service Class Shares......... 8,546,397 2,957,090 MFS(R) Total Return Series -- Service Class Shares......... 4,872,337 9,202,242 MFS(R) Utilities Series -- Service Class Shares......... 1,327,367 3,545,185 MFS(R) Variable Insurance Trust II MFS(R) Massachusetts Investors Growth Stock Portfolio -- Service Class Shares. 860,996 1,292,571 MFS(R) Strategic Income Portfolio -- Service Class Shares. 1,302 5,460 PIMCO Variable Insurance Trust All Asset Portfolio -- Advisor Class Shares......... 313,609 1,589,578 High Yield Portfolio -- Administrative Class Shares......... 12,132,155 10,073,466 International Bond Portfolio (U.S. Dollar Hedged) -- Administrative Class Shares......... 136,767 543,361 Long-Term U.S. Government Portfolio -- Administrative Class Shares......... 13,733,781 14,093,737 Low Duration Portfolio -- Administrative Class Shares......... 10,133,339 12,952,622 Total Return Portfolio -- Administrative Class Shares......... 31,860,925 50,543,845 Rydex Variable Trust NASDAQ -- 100(R) Fund.. 446,170 619,498 State Street Variable Insurance Series Funds, Inc. Income V.I.S. Fund -- Class 1 Shares....... 476,066 2,905,016 Premier Growth Equity V.I.S. Fund -- Class 1 Shares....... 3,763,071 4,637,877 Real Estate Securities V.I.S. Fund -- Class 1 Shares............... 7,726,642 10,561,761 S&P 500(R) Index V.I.S. Fund -- Class 1 Shares....... 17,186,933 24,236,319 Small-Cap Equity V.I.S. Fund -- Class 1 Shares....... 2,967,290 5,227,399 Total Return V.I.S. Fund -- Class 1 Shares............... 51,296,830 113,686,779 Total Return V.I.S. Fund -- Class 3 Shares............... 34,264,500 102,751,693 U.S. Equity V.I.S. Fund -- Class 1 Shares............... 1,954,304 4,440,513

F-70 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Cost of Proceeds Shares from Fund/Portfolio Acquired Shares Sold -------------- ---------- ----------- The Alger Portfolios Alger Large Cap Growth Portfolio -- Class I-2 Shares.... $ 978,618 $5,724,393 Alger Small Cap Growth Portfolio -- Class I-2 Shares.... 2,535,055 5,299,242 The Prudential Series Fund Jennison 20/20 Focus Portfolio -- Class II Shares..... 39,112 923,013 Jennison Portfolio -- Class II Shares..... 526,699 1,218,563 Natural Resources Portfolio -- Class II Shares..... 7,230,577 9,850,094 SP International Growth Portfolio -- Class II Shares..... -- 188 SP Prudential U.S. Emerging Growth Portfolio -- Class II Shares..... -- 1,257 Wells Fargo Variable Trust Wells Fargo VT Omega Growth Fund -- Class 2............. 1,584,942 1,622,606

(4)Related Party Transactions (a) GLAIC Net purchase payments (premiums) transferred from GLAIC to the Separate Account represent gross premiums recorded by GLAIC on its flexible premium variable deferred and immediate annuity contracts, less deductions retained as compensation for premium taxes. For contracts issued on or after May 1, 1993, the deduction for premium taxes is deferred until the contracts are surrendered. Some contracts permit contract owners to elect to allocate assets to a Guarantee Account that is part of the General Account of GLAIC. Amounts allocated to the Guarantee Account earn interest at the interest rate in effect at the time of such allocation or transfer. The interest rate remains in effect for a guaranteed period of time (at least a period of one year), after which a new rate may be declared. Contract owners may transfer amounts from the Guarantee Account to the subaccounts of the Separate Account and in certain instances transfer amounts from the subaccounts of the Separate Account to the Guarantee Account. Generally, charges are assessed under the contracts to cover surrenders, certain administrative expenses, and the mortality and expense risks that GLAIC assumes, as well as any additional benefits provided under the contract such as optional benefits, as applicable. The surrender charges are assessed to cover certain expenses relating to the sale of a contract. The fees charged to cover administrative expenses and mortality and expense risk charges, as well as through certain electable rider options, are assessed through the daily unit value calculation. Those fees are assessed on the contract owner's daily average net assets in the Separate Account. Other charges assessed to cover certain other administrative expenses, as well as certain optional riders, are assessed by the redemption of units. Note 6 presents the total charge percentage by unit in a range. The unit class may encompass multiple contracts through a combination of one or more electable rider options equal to the total amount assessed on a daily basis. F-71 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019 The Separate Account assesses charges associated with the contracts issued. These charges are either assessed as a direct reduction in unit values or through a redemption of units for all contracts contained within the Separate Account. Mortality and Expense Risk Charge 0.40% -- 2.80% of the daily value of (including benefit rider options) the assets invested in each Portfolio This charge is assessed through a (fund). reduction in unit values. Administrative Charge 0.15% -- 0.35% of the daily value of This charge is assessed through a the assets invested in each fund. reduction in unit values. Annual Administrative Charge $0 -- $30 per contract year invested This charge is assessed through a in each fund. redemption in units. Surrender Charge 0.00% -- 9.00% on the value of the This charge is assessed through a accumulation units purchased. redemption in units. (b) Accrued Expenses Payable to Affiliate Charges and deductions made under the contracts for services and benefits unpaid at year-end are accrued and payable to GLAIC. (c) Bonus Credit For certain contracts, transfers from the General Account for payments by GLAIC were paid in the form of bonus credits. Bonus credits are amounts that are added by GLAIC to the premium payments received from contract owners. (d) Capital Brokerage Corporation Capital Brokerage Corporation ("CBC"), an affiliate of GLAIC, is a Washington corporation registered with the SEC under the Securities Exchange Act of 1934 as a broker-dealer and is a member of the Financial Industry Regulatory Authority ("FINRA"). CBC serves as the distributor and principal underwriter for variable annuity contracts, variable life insurance policies, and certain guaranteed income annuity contracts issued by GLAIC. GLAIC pays commissions and other marketing related expenses to CBC. Certain officers and directors of GLAIC are also officers and directors of CBC. (5)Capital Transactions All dividends and capital gain distributions of the Portfolios are automatically reinvested in shares of the distributing Portfolios at their net asset value on the date of distribution. In other words, Portfolio dividends or Portfolio distributions are not paid to contract owners as additional units, but instead are reflected in unit values. The increase (decrease) in outstanding units and amounts by subaccount from capital transactions for the years ended December 31, 2019 and 2018 is reflected in the Statements of Changes in Net Assets. (6)Financial Highlights GLAIC's variable annuity products have unique combinations of features and fees that are assessed to the contract owner. Differences in fee structures result in a variety of contract expense rates, unit values, and total returns. A summary by type and by subaccount of the outstanding units, unit values, net assets, expense ratios, investment income ratios, and total return ratios for the years or lesser periods ended December 31, 2019, 2018, 2017, 2016, and 2015 follows. This information is presented as a range of minimum to maximum values based upon product grouping. The range is determined by F-72 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019 identifying the lowest and the highest contract expense rate. The unit fair values and total returns related to these identified contract expense rates are also disclosed as a range below. Accordingly, some individual contract amounts may not be within the ranges presented due to the timing of the introduction of new products or funds. Financial highlights are only disclosed for subaccounts that had outstanding units as of December 31, 2019 and were available to contract owners during 2019. The following funds were not disclosed but were available to contract owners as they had no outstanding units as of December 31, 2019: AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco V.I. Mid Cap Growth Fund -- Series I shares, AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco V.I. Government Securities Fund -- Series I shares, AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco V.I. Managed Volatility Fund -- Series I shares, AIM Variable Insurance Funds (Invesco Variable Insurance Funds) -- Invesco V.I. Technology Fund -- Series I shares, The Prudential Series Fund -- Equity Portfolio -- Class II Shares, and The Prudential Series Fund -- SP International Growth Portfolio -- Class II Shares.

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- -------------- ------ ---------- -------------------- AB Variable Products Series Fund, Inc. AB Balanced Wealth Strategy Portfolio -- Class B 2019........................... 1.45% to 2.95% 843,059 15.18 to 10.36 12,050 2.25% 16.49% to 7.63% 2018........................... 1.45% to 2.55% 988,327 13.03 to 11.47 12,203 1.64% (7.77)% to (8.81)% 2017........................... 1.45% to 2.55% 1,140,590 14.13 to 12.58 15,309 1.79% 13.95% to 12.68% 2016........................... 1.45% to 2.55% 1,323,222 12.40 to 11.17 15,601 1.65% 2.93% to 1.79% 2015........................... 1.45% to 2.55% 1,408,677 12.05 to 10.97 16,209 1.96% (0.17)% to (1.29)% AB Global Thematic Growth Portfolio -- Class B 2019........................... 1.45% to 1.70% 90,755 25.51 to 13.81 2,135 0.16% 27.90% to 27.58% 2018........................... 1.45% to 2.10% 108,308 19.94 to 13.16 1,988 0.00% (11.30)% to (11.88)% 2017........................... 1.45% to 2.10% 235,133 22.48 to 14.93 5,051 0.30% 34.33% to 33.45% 2016........................... 1.45% to 2.10% 140,451 16.74 to 11.19 2,138 0.00% (2.31)% to (2.95)% 2015........................... 1.45% to 2.10% 167,574 17.13 to 11.53 2,623 0.00% 1.16% to 0.49% AB Growth and Income Portfolio -- Class B 2019........................... 1.15% to 2.70% 1,589,475 33.47 to 10.62 43,446 1.02% 22.19% to 13.24% 2018........................... 1.15% to 2.30% 1,812,252 27.39 to 17.62 40,557 0.72% (6.93)% to (8.02)% 2017........................... 1.15% to 2.30% 1,853,902 29.43 to 19.16 44,847 1.25% 17.24% to 15.88% 2016........................... 1.15% to 2.30% 2,080,048 25.10 to 16.53 43,003 0.82% 9.79% to 8.52% 2015........................... 1.15% to 2.30% 2,375,736 22.86 to 15.23 45,113 1.17% 0.26% to (0.91)% AB International Value Portfolio -- Class B 2019........................... 1.45% to 2.95% 3,806,411 11.12 to 10.59 29,281 0.77% 15.10% to 12.54% 2018........................... 1.45% to 2.55% 4,300,130 9.66 to 5.00 28,780 1.12% (24.10)% to (24.95)% 2017........................... 1.45% to 2.55% 4,197,680 12.73 to 6.67 37,401 1.46% 23.29% to 21.92% 2016........................... 1.45% to 2.55% 10,519,424 10.33 to 5.47 72,814 1.23% (2.23)% to (3.32)% 2015........................... 1.45% to 2.55% 8,467,988 10.56 to 5.66 62,126 2.23% 0.92% to (0.21)%

F-73 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- --------------- ------ ---------- ------------------- AB Large Cap Growth Portfolio -- Class B 2019........................... 1.45% to 2.30% 990,540 41.69 to 29.04 26,581 0.00% 32.42% to 31.27% 2018........................... 1.45% to 2.30% 1,085,426 31.48 to 22.12 21,750 0.00% 0.83% to (0.04)% 2017........................... 1.45% to 2.30% 1,136,185 31.22 to 22.13 22,320 0.00% 29.77% to 28.65% 2016........................... 1.45% to 2.30% 1,256,372 24.06 to 17.20 18,786 0.00% 0.87% to 0.01% 2015........................... 1.45% to 2.30% 2,063,012 23.85 to 17.20 28,077 0.00% 9.25% to 8.31% AB Small Cap Growth Portfolio -- Class B 2019........................... 1.45% to 1.95% 502,334 29.86 to 27.85 14,855 0.00% 34.04% to 33.36% 2018........................... 1.45% to 1.95% 555,831 22.28 to 20.89 12,265 0.00% (2.55)% to (3.05)% 2017........................... 1.45% to 1.95% 291,390 22.86 to 21.54 6,564 0.00% 31.85% to 31.18% 2016........................... 1.45% to 1.95% 328,225 17.34 to 16.42 5,646 0.00% 4.68% to 4.15% 2015........................... 1.45% to 1.95% 396,581 16.56 to 15.77 6,566 0.00% (2.96)% to (3.45)% AIM Variable Insurance Funds (Invesco Variable Insurance Funds) Invesco Oppenheimer V.I. Capital Appreciation Fund -- Series I Shares 2019........................... 1.15% to 1.60% 415,837 142.20 to 25.69 25,295 0.06% 34.63% to 34.02% 2018........................... 1.15% to 1.60% 484,217 105.63 to 19.17 22,209 0.33% (6.82)% to (7.24)% 2017........................... 1.15% to 1.60% 581,375 113.36 to 20.66 28,780 0.23% 25.38% to 24.81% 2016........................... 1.15% to 1.60% 683,004 90.41 to 16.55 27,894 0.41% (3.33)% to (3.76)% 2015........................... 1.15% to 1.60% 784,080 93.52 to 17.20 32,998 0.09% 2.35% to 1.89% Invesco Oppenheimer V.I. Capital Appreciation Fund -- Series II Shares 2019........................... 1.45% to 2.10% 159,063 31.10 to 22.10 4,418 0.00% 33.88% to 32.99% 2018........................... 1.45% to 2.10% 181,202 23.23 to 16.62 3,765 0.00% (7.33)% to (7.94)% 2017........................... 1.45% to 2.10% 207,692 25.07 to 18.05 4,645 0.01% 24.68% to 23.86% 2016........................... 1.45% to 2.10% 243,018 20.11 to 14.57 4,386 0.11% (3.84)% to (4.47)% 2015........................... 1.45% to 2.10% 310,174 20.91 to 15.26 5,764 0.00% 1.77% to 1.10% Invesco Oppenheimer V.I. Conservative Balanced Fund -- Series I Shares 2019........................... 1.15% to 1.60% 286,119 54.61 to 16.57 9,806 2.27% 16.16% to 15.64% 2018........................... 1.15% to 1.60% 331,475 47.01 to 14.33 9,405 1.98% (6.42)% to (6.84)% 2017........................... 1.15% to 1.60% 349,035 50.23 to 15.38 10,783 1.95% 8.00% to 7.51% 2016........................... 1.15% to 1.60% 375,945 46.51 to 14.30 11,158 2.39% 4.05% to 3.58% 2015........................... 1.15% to 1.60% 402,826 44.70 to 13.81 11,608 2.23% (0.33)% to (0.78)% Invesco Oppenheimer V.I. Conservative Balanced Fund -- Series II Shares 2019........................... 1.45% to 2.95% 1,547,398 14.11 to 10.30 18,374 1.99% 15.52% to 6.25% 2018........................... 1.45% to 2.55% 1,637,908 12.22 to 8.40 16,895 1.73% (6.91)% to (7.95)% 2017........................... 1.45% to 2.55% 1,871,679 13.13 to 9.12 20,762 1.74% 7.37% to 6.18% 2016........................... 1.45% to 2.55% 2,125,261 12.22 to 8.59 22,007 2.17% 3.44% to 2.29% 2015........................... 1.45% to 2.55% 2,185,061 11.82 to 8.40 22,063 2.02% (0.89)% to (2.00)%

F-74 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- --------------- ------- ---------- -------------------- Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund -- Series I Shares 2019........................ 1.15% to 1.60% 319,378 127.59 to 25.46 23,284 0.00% 37.76% to 37.14% 2018........................ 1.15% to 1.60% 374,862 92.62 to 18.57 19,640 0.00% (7.17)% to (7.59)% 2017........................ 1.15% to 1.60% 432,839 99.77 to 20.09 24,387 0.03% 27.31% to 26.74% 2016........................ 1.15% to 1.60% 507,574 78.37 to 15.85 22,242 0.00% 1.16% to 0.70% 2015........................ 1.15% to 1.60% 585,281 77.47 to 15.74 25,561 0.00% 5.38% to 4.90% Invesco Oppenheimer V.I. Discovery Mid Cap Growth Fund -- Series II Shares 2019........................ 1.45% to 1.70% 301,780 35.99 to 34.38 10,683 0.00% 36.99% to 36.65% 2018........................ 1.45% to 1.70% 267,456 26.27 to 25.16 6,940 0.00% (7.67)% to (7.91)% 2017........................ 1.45% to 1.70% 297,883 28.45 to 27.32 8,383 0.00% 26.60% to 26.28% 2016........................ 1.45% to 1.70% 293,900 22.48 to 21.63 6,550 0.00% 0.60% to 0.35% 2015........................ 1.45% to 1.85% 336,364 22.34 to 16.95 7,457 0.00% 4.81% to 4.38% Invesco Oppenheimer V.I. Global Fund -- Series II Shares 2019........................ 1.45% to 2.95% 2,618,610 41.88 to 10.62 67,455 0.63% 29.55% to 13.11% 2018........................ 1.45% to 2.55% 2,993,966 32.33 to 12.47 59,097 0.82% (14.66)% to (15.62)% 2017........................ 1.45% to 2.55% 3,989,415 37.88 to 14.78 85,383 0.75% 34.35% to 32.86% 2016........................ 1.45% to 2.55% 4,229,281 28.19 to 11.13 66,987 0.87% (1.60)% to (2.70)% 2015........................ 1.45% to 2.55% 6,026,230 28.65 to 11.44 100,044 1.05% 2.17% to 1.03% Invesco Oppenheimer V.I. Global Strategic Income Fund -- Series I Shares 2019........................ 1.15% to 1.60% 237,123 11.28 to 10.92 2,628 3.84% 9.53% to 9.03% 2018........................ 1.15% to 1.60% 271,723 10.30 to 10.01 2,756 4.96% (5.50)% to (5.93)% 2017........................ 1.15% to 1.60% 317,036 10.90 to 10.64 3,410 2.33% 5.05% to 4.58% 2016........................ 1.15% to 1.60% 370,143 10.37 to 10.18 3,800 5.06% 5.31% to 4.84% 2015........................ 1.15% to 1.60% 417,605 9.85 to 9.71 4,080 5.85% (3.38)% to (3.82)% Invesco Oppenheimer V.I. Main Street Fund(R) -- Series II Shares 2019........................ 1.45% to 2.95% 5,309,757 32.84 to 10.58 112,320 0.82% 29.83% to 12.36% 2018........................ 1.45% to 2.55% 6,477,488 25.30 to 13.84 106,779 0.83% (9.44)% to (10.45)% 2017........................ 1.45% to 2.55% 5,972,530 27.93 to 15.46 109,416 1.04% 14.95% to 13.67% 2016........................ 1.45% to 2.55% 6,989,674 24.30 to 13.60 112,227 0.71% 9.69% to 8.47% 2015........................ 1.45% to 2.55% 5,780,439 22.15 to 12.54 85,090 0.66% 1.61% to 0.48% Invesco Oppenheimer V.I. Main Street Small Cap Fund(R) -- Series II Shares 2019........................ 1.45% to 2.95% 1,052,852 42.92 to 10.78 29,675 0.00% 24.30% to 16.86% 2018........................ 1.45% to 2.55% 1,209,301 34.53 to 14.37 27,499 0.06% (11.84)% to (12.83)% 2017........................ 1.45% to 2.55% 1,764,040 39.16 to 16.48 44,261 0.66% 12.26% to 11.01% 2016........................ 1.45% to 2.55% 2,224,035 34.89 to 14.85 50,574 0.27% 15.97% to 14.68% 2015........................ 1.45% to 2.55% 3,078,484 30.08 to 12.95 56,932 0.64% (7.46)% to (8.49)%

F-75 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- -------------- ------ ---------- -------------------- Invesco Oppenheimer V.I. Total Return Bond Fund -- Series I Shares 2019........................... 1.15% to 1.60% 404,864 30.43 to 12.58 8,234 3.39% 8.27% to 7.78% 2018........................... 1.15% to 1.60% 429,783 28.11 to 11.67 8,094 3.33% (2.17)% to (2.61)% 2017........................... 1.15% to 1.60% 504,740 28.73 to 11.99 9,660 2.44% 3.39% to 2.92% 2016........................... 1.15% to 1.60% 576,236 27.79 to 11.65 10,454 3.68% 2.08% to 1.63% 2015........................... 1.15% to 1.60% 642,440 27.22 to 11.46 11,554 4.07% (0.20)% to (0.65)% Invesco V.I. American Franchise Fund -- Series I shares 2019........................... 0.75% to 1.70% 1,014,847 25.21 to 23.16 23,900 0.00% 35.73% to 34.43% 2018........................... 0.75% to 1.85% 866,472 18.57 to 17.03 15,185 0.00% (4.35)% to (5.42)% 2017........................... 0.75% to 1.85% 1,218,749 19.41 to 18.01 22,478 0.13% 26.39% to 24.99% 2016........................... 0.75% to 1.85% 466,844 15.36 to 14.41 6,856 0.00% 1.50% to 0.38% 2015........................... 0.75% to 1.85% 519,555 15.13 to 14.35 7,577 0.00% 4.22% to 3.06% Invesco V.I. American Franchise Fund -- Series II shares 2019........................... 1.45% to 1.70% 166,472 37.13 to 27.28 5,082 0.00% 34.45% to 34.11% 2018........................... 1.45% to 2.20% 195,429 27.62 to 21.47 4,468 0.00% (5.29)% to (6.02)% 2017........................... 1.45% to 2.20% 225,446 29.16 to 22.85 5,477 0.00% 25.19% to 24.24% 2016........................... 1.45% to 2.20% 239,707 23.29 to 18.39 4,637 0.00% 0.54% to (0.22)% 2015........................... 1.45% to 2.20% 270,543 23.17 to 18.43 5,215 0.00% 3.23% to 2.45% Invesco V.I. Comstock Fund -- Series II shares 2019........................... 1.45% to 2.35% 909,037 31.86 to 18.13 23,830 1.68% 23.13% to 22.01% 2018........................... 1.45% to 2.35% 1,030,378 25.88 to 14.86 21,926 1.38% (13.64)% to (14.44)% 2017........................... 1.45% to 2.35% 1,174,635 29.96 to 17.37 29,341 1.25% 15.88% to 14.82% 2016........................... 1.45% to 2.55% 4,807,059 25.86 to 13.03 85,076 1.87% 15.30% to 14.01% 2015........................... 1.45% to 2.30% 1,605,895 22.43 to 14.58 30,095 1.59% (7.55)% to (8.35)% Invesco V.I. Core Equity Fund -- Series I shares 2019........................... 1.45% to 2.95% 5,475,060 20.74 to 10.68 98,305 0.92% 27.09% to 14.44% 2018........................... 0.75% to 2.55% 6,673,943 15.53 to 12.40 95,333 1.00% (10.08)% to (11.72)% 2017........................... 0.75% to 2.55% 5,857,135 17.27 to 14.05 94,251 1.04% 12.33% to 10.30% 2016........................... 0.75% to 2.55% 6,221,256 15.37 to 12.73 90,252 1.18% 9.44% to 7.46% 2015........................... 0.75% to 2.30% 591,932 14.05 to 13.87 8,765 0.98% (6.48)% to (7.94)% Invesco V.I. Equity and Income Fund -- Series II shares 2019........................... 1.45% to 2.95% 1,151,954 17.58 to 10.41 18,863 2.25% 18.27% to 8.72% 2018........................... 1.45% to 2.55% 1,245,249 14.86 to 13.04 17,577 1.95% (11.04)% to (12.04)% 2017........................... 1.45% to 2.55% 1,360,722 16.71 to 14.82 21,684 1.47% 9.18% to 7.96% 2016........................... 1.45% to 2.55% 1,407,768 15.30 to 13.73 20,635 1.65% 13.18% to 11.92% 2015........................... 1.45% to 2.55% 1,563,826 13.52 to 12.27 20,334 2.27% (4.00)% to (5.07)%

F-76 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- -------------- ------ ---------- -------------------- Invesco V.I. Global Real Estate Fund -- Series II shares 2019............................ 1.45% to 2.70% 13,156 19.30 to 10.25 211 3.36% 20.87% to 5.20% 2018............................ 1.45% to 2.20% 15,073 15.97 to 8.62 202 3.68% (7.70)% to (8.41)% 2017............................ 1.45% to 2.20% 16,404 17.30 to 9.41 239 2.98% 11.10% to 10.26% 2016............................ 1.45% to 2.20% 19,385 15.57 to 8.54 257 1.32% 0.35% to (0.42)% 2015............................ 1.45% to 2.20% 21,397 15.52 to 8.57 285 3.34% (3.17)% to (3.91)% Invesco V.I. International Growth Fund -- Series II shares 2019............................ 1.45% to 2.95% 2,818,181 21.84 to 10.54 42,257 1.26% 26.38% to 11.56% 2018............................ 1.45% to 2.55% 3,440,133 17.28 to 9.01 40,942 1.79% (16.44)% to (17.38)% 2017............................ 1.45% to 2.55% 3,619,926 20.68 to 10.91 51,647 1.33% 20.95% to 19.61% 2016............................ 1.45% to 2.55% 3,015,316 17.10 to 9.12 36,773 0.88% (2.13)% to (3.22)% 2015............................ 1.45% to 2.55% 5,404,615 17.47 to 9.42 64,412 1.43% (4.03)% to (5.10)% Invesco V.I. Value Opportunities Fund -- Series II shares 2019............................ 1.45% to 2.30% 207,911 21.70 to 13.77 4,324 0.00% 28.23% to 27.13% 2018............................ 1.45% to 2.30% 236,200 16.92 to 10.83 3,821 0.00% (20.53)% to (21.22)% 2017............................ 1.45% to 2.30% 268,667 21.29 to 13.75 5,482 0.01% 15.53% to 14.54% 2016............................ 1.45% to 2.30% 328,828 18.43 to 12.00 5,793 0.08% 16.22% to 15.22% 2015............................ 1.45% to 2.30% 377,784 15.86 to 10.42 5,705 2.26% (11.95)% to (12.71)% American Century Variable Portfolios II, Inc. VP Inflation Protection Fund -- Class II 2019............................ 1.45% to 2.95% 2,918,161 13.05 to 10.06 35,553 2.27% 7.32% to 1.34% 2018............................ 1.45% to 2.55% 3,189,074 12.16 to 10.51 36,387 2.83% (4.24)% to (5.31)% 2017............................ 1.45% to 2.55% 3,146,747 12.70 to 11.10 37,615 2.57% 2.17% to 1.04% 2016............................ 1.45% to 2.55% 3,620,543 12.43 to 10.98 42,576 1.66% 2.88% to 1.73% 2015............................ 1.45% to 2.55% 1,534,053 12.08 to 10.80 17,704 3.44% (3.88)% to (4.96)% American Century Variable Portfolios, Inc. VP Income & Growth Fund -- Class I 2019............................ 1.45% to 2.70% 14,400 32.17 to 10.62 338 2.06% 22.15% to 13.25% 2018............................ 1.45% to 2.20% 16,983 26.34 to 13.89 328 1.89% (8.23)% to (8.93)% 2017............................ 1.45% to 2.20% 28,631 28.70 to 15.26 589 2.30% 18.74% to 17.84% 2016............................ 1.45% to 2.20% 41,953 24.17 to 12.95 740 1.51% 11.84% to 10.99% 2015............................ 1.45% to 2.05% 4,549 21.61 to 14.71 85 2.10% (6.99)% to (7.56)% VP International Fund -- Class I 2019............................ 1.45% to 2.70% 29,283 26.83 to 10.78 533 0.90% 26.56% to 16.71% 2018............................ 1.45% to 2.20% 35,301 21.20 to 9.21 511 1.26% (16.46)% to (17.10)% 2017............................ 1.45% to 2.20% 35,443 25.38 to 11.10 621 0.81% 29.31% to 28.33% 2016............................ 1.45% to 2.20% 36,661 19.63 to 8.65 507 1.17% (6.87)% to (7.57)% 2015............................ 1.45% to 2.20% 46,651 21.07 to 9.36 684 0.39% (0.70)% to (1.46)%

F-77 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ------- -------------- ------ ---------- -------------------- VP Ultra(R) Fund -- Class I 2019............................... 1.85% to 1.85% 1,263 31.12 to 31.12 39 0.00% 32.09% to 32.09% 2018............................... 1.85% to 2.05% 1,706 23.56 to 22.17 40 0.26% (1.12)% to (1.32)% 2017............................... 1.85% to 2.05% 1,874 23.82 to 22.47 44 0.39% 29.79% to 29.52% 2016............................... 1.85% to 2.05% 2,520 18.36 to 17.35 46 0.48% 2.52% to 2.31% 2015............................... 1.45% to 2.20% 15,964 22.10 to 16.11 283 0.46% 4.73% to 3.93% VP Value Fund -- Class I 2019............................... 1.45% to 1.45% 2,093 33.15 to 33.15 69 2.12% 25.19% to 25.19% 2018............................... 1.45% to 1.45% 2,190 26.48 to 26.48 58 1.65% (10.48)% to (10.48)% 2017............................... 1.45% to 1.45% 2,329 29.58 to 29.58 69 1.65% 7.18% to 7.18% 2016............................... 1.45% to 1.45% 2,433 27.60 to 27.60 67 1.74% 18.74% to 18.74% 2015............................... 1.45% to 1.45% 2,856 23.25 to 23.25 66 2.10% (5.28)% to (5.28)% BNY Mellon BNY Mellon Investment Portfolios -- MidCap Stock Portfolio -- Initial Shares 2019............................... 1.45% to 1.45% 2,936 33.69 to 33.69 99 0.64% 18.44% to 18.44% 2018............................... 1.45% to 1.45% 3,104 28.44 to 28.44 88 0.57% (16.72)% to (16.72)% 2017............................... 1.45% to 1.45% 3,277 34.15 to 34.15 112 1.06% 13.71% to 13.71% 2016............................... 1.45% to 1.45% 3,464 30.04 to 30.04 104 1.06% 13.80% to 13.80% 2015............................... 1.45% to 1.45% 3,679 26.39 to 26.39 97 0.60% (3.70)% to (3.70)% BNY Mellon Sustainable U.S. Equity Portfolio, Inc. -- Initial Shares 2019............................... 1.50% to 1.70% 484,418 15.92 to 15.30 7,721 1.44% 32.34% to 32.07% 2018............................... 1.50% to 1.70% 489,649 12.03 to 11.59 5,897 1.75% (5.84)% to (6.04)% 2017............................... 1.50% to 1.70% 498,511 12.78 to 12.33 6,375 1.13% 13.61% to 13.38% 2016............................... 1.50% to 1.70% 504,596 11.25 to 10.88 5,681 1.27% 8.72% to 8.50% 2015............................... 1.45% to 2.20% 563,605 21.85 to 14.16 6,219 1.03% (4.60)% to (5.32)% BNY Mellon Variable Investment Fund -- Government Money Market Portfolio 2019............................... 1.45% to 2.05% 114,293 9.44 to 8.73 1,062 1.63% 0.19% to (0.42)% 2018............................... 1.45% to 2.05% 117,127 9.43 to 8.77 1,091 1.32% (0.19)% to (0.80)% 2017............................... 1.45% to 2.05% 105,919 9.44 to 8.84 987 0.35% (1.11)% to (1.71)% 2016............................... 1.45% to 2.05% 72,989 9.55 to 9.00 685 0.01% (1.43)% to (2.03)% 2015............................... 1.45% to 2.05% 107,902 9.69 to 9.18 1,025 0.00% (1.45)% to (2.05)% BlackRock Variable Series Funds, Inc. BlackRock Advantage U.S. Total Market V.I. Fund -- Class III Shares 2019............................... 1.45% to 2.30% 159,729 28.02 to 21.55 4,318 2.14% 26.79% to 25.69% 2018............................... 1.45% to 2.30% 178,250 22.10 to 17.14 3,796 1.47% (8.02)% to (8.81)% 2017............................... 1.45% to 2.30% 197,227 24.02 to 18.80 4,569 0.87% 12.19% to 11.22% 2016............................... 1.45% to 2.30% 265,477 21.41 to 16.90 5,489 0.15% 21.62% to 20.58% 2015............................... 1.45% to 2.30% 313,233 17.61 to 14.02 5,313 0.14% (8.13)% to (8.92)%

F-78 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- -------------- ------- ---------- -------------------- BlackRock Basic Value V.I. Fund -- Class III Shares 2019.......................... 1.45% to 2.95% 1,592,127 23.26 to 10.58 29,759 2.06% 21.74% to 12.23% 2018.......................... 1.45% to 2.55% 1,807,923 19.10 to 12.06 27,772 1.43% (9.45)% to (10.47)% 2017.......................... 1.45% to 2.55% 2,094,106 21.10 to 13.47 35,744 1.01% 6.45% to 5.27% 2016.......................... 1.45% to 2.55% 3,532,167 19.82 to 12.80 56,123 1.91% 16.02% to 14.73% 2015.......................... 1.45% to 2.30% 673,830 17.08 to 14.91 10,554 1.19% (7.51)% to (8.31)% BlackRock Global Allocation V.I. Fund -- Class III Shares 2019.......................... 1.45% to 2.95% 13,520,878 20.54 to 10.47 206,941 1.19% 16.05% to 10.03% 2018.......................... 1.45% to 2.55% 15,980,228 17.70 to 11.70 213,230 0.81% (8.93)% to (9.95)% 2017.......................... 1.45% to 2.55% 18,657,344 19.43 to 12.99 274,506 1.23% 12.06% to 10.82% 2016.......................... 1.45% to 2.55% 21,632,566 17.34 to 11.73 284,883 1.17% 2.30% to 1.17% 2015.......................... 1.45% to 2.55% 24,906,508 16.95 to 11.59 322,921 1.01% (2.44)% to (3.53)% BlackRock Large Cap Focus Growth V.I. Fund -- Class III Shares 2019.......................... 1.45% to 1.95% 221,085 33.24 to 30.33 7,143 0.00% 30.41% to 29.75% 2018.......................... 1.45% to 1.95% 194,084 25.49 to 23.37 4,797 0.00% 1.27% to 0.75% 2017.......................... 1.45% to 1.95% 169,025 25.17 to 23.20 4,130 0.00% 27.36% to 26.72% 2016.......................... 1.45% to 1.85% 148,951 19.76 to 18.77 2,900 0.44% 5.99% to 5.56% 2015.......................... 1.45% to 1.85% 182,292 18.64 to 17.78 3,356 0.34% 1.03% to 0.62% Columbia Funds Variable Series Trust II CTIVP/SM/ -- Loomis Sayles Growth Fund -- Class 1 2019.......................... 1.45% to 2.95% 2,224,887 17.11 to 10.52 37,639 0.00% 29.84% to 10.97% 2018.......................... 1.45% to 2.55% 2,842,960 13.18 to 12.79 37,270 0.00% (3.82)% to (4.90)% 2017.......................... 1.45% to 2.55% 4,651,585 13.70 to 13.45 63,499 0.00% 31.11% to 29.65% 2016 (4)...................... 1.45% to 2.30% 1,971,256 10.45 to 10.39 20,587 0.00% 6.77% to 5.86% Columbia Variable Portfolio -- Overseas Core Fund -- Class 2 2019.......................... 1.45% to 2.30% 1,079,041 12.31 to 11.92 13,210 1.82% 23.33% to 22.27% 2018.......................... 1.45% to 2.30% 1,219,887 9.98 to 9.75 12,124 2.57% (18.03)% to (18.74)% 2017.......................... 1.45% to 2.30% 1,371,867 12.17 to 12.00 16,657 1.87% 25.34% to 24.27% 2016 (4)...................... 1.45% to 2.40% 1,592,466 9.71 to 9.65 15,451 1.74% (4.27)% to (5.19)% Deutsche DWS Variable Series I DWS Capital Growth VIP -- Class B Shares 2019.......................... 1.50% to 1.50% 54 25.95 to 25.95 1 0.16% 34.73% to 34.73% 2018.......................... 1.45% to 1.50% 500 19.34 to 19.26 10 0.47% (3.30)% to (3.35)% 2017.......................... 1.45% to 1.50% 505 20.00 to 19.93 10 0.46% 24.14% to 24.08% 2016.......................... 1.45% to 1.50% 508 16.11 to 16.06 8 0.52% 2.49% to 2.44% 2015.......................... 1.45% to 1.50% 510 15.72 to 15.68 8 0.38% 6.76% to 6.70%

F-79 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- -------------- ------ ---------- -------------------- Deutsche DWS Variable Series II DWS CROCI(R) U.S. VIP -- Class B Shares 2019.......................... 1.45% to 2.05% 3,181 16.45 to 15.60 51 1.59% 30.57% to 29.77% 2018.......................... 1.45% to 2.05% 3,554 12.60 to 12.02 43 2.19% (12.01)% to (12.55)% 2017.......................... 1.45% to 2.05% 3,580 14.32 to 13.75 50 1.20% 20.68% to 19.95% 2016.......................... 1.45% to 2.05% 4,554 11.87 to 11.46 53 0.70% (6.00)% to (6.57)% 2015.......................... 1.45% to 2.05% 4,399 12.62 to 12.27 55 1.13% (8.51)% to (9.07)% DWS Small Mid Cap Value VIP -- Class B Shares 2019.......................... 1.45% to 2.05% 385 38.15 to 19.83 11 0.36% 19.24% to 18.51% 2018.......................... 1.45% to 2.05% 420 31.99 to 16.73 10 1.01% (17.55)% to (18.05)% 2017.......................... 1.45% to 2.05% 416 38.80 to 20.42 12 0.37% 8.54% to 7.88% 2016.......................... 1.45% to 2.05% 691 35.75 to 18.93 21 0.23% 14.79% to 14.09% 2015.......................... 1.45% to 2.05% 759 31.14 to 16.59 19 0.00% (3.63)% to (4.22)% Eaton Vance Variable Trust VT Floating -- Rate Income Fund 2019.......................... 1.45% to 2.95% 3,508,172 14.47 to 10.07 47,382 4.30% 5.53% to 1.42% 2018.......................... 1.45% to 2.55% 4,310,088 13.71 to 10.81 55,170 3.78% (1.53)% to (2.63)% 2017.......................... 1.45% to 2.55% 3,553,962 13.93 to 11.10 47,028 3.26% 1.93% to 0.79% 2016.......................... 1.45% to 2.55% 3,454,127 13.66 to 11.01 45,076 3.48% 7.37% to 6.18% 2015.......................... 1.45% to 2.55% 3,659,535 12.72 to 10.37 44,138 3.36% (2.43)% to (3.52)% Federated Insurance Series Federated High Income Bond Fund II -- Primary Shares 2019.......................... 1.15% to 1.60% 263,604 41.68 to 23.59 8,329 6.18% 13.23% to 12.72% 2018.......................... 1.15% to 1.60% 312,043 36.81 to 20.92 8,709 8.26% (4.41)% to (4.84)% 2017.......................... 1.15% to 1.60% 392,514 38.51 to 21.99 11,433 6.75% 5.71% to 5.24% 2016.......................... 1.15% to 1.60% 438,539 36.42 to 20.89 12,261 6.39% 13.50% to 12.99% 2015.......................... 1.15% to 1.60% 534,551 32.09 to 18.49 13,214 5.72% (3.69)% to (4.13)% Federated High Income Bond Fund II -- Service Shares 2019.......................... 1.45% to 2.30% 407,731 24.73 to 18.40 9,986 6.12% 12.47% to 11.50% 2018.......................... 1.45% to 2.30% 480,427 21.99 to 16.50 10,464 8.01% (4.84)% to (5.66)% 2017.......................... 1.45% to 2.30% 572,362 23.11 to 17.49 13,105 6.78% 5.02% to 4.12% 2016.......................... 1.45% to 2.30% 661,694 22.00 to 16.80 14,457 5.99% 12.87% to 11.90% 2015.......................... 1.45% to 2.30% 773,179 19.49 to 15.02 14,898 6.22% (4.13)% to (4.96)% Federated Kaufmann Fund II -- Service Shares 2019.......................... 1.45% to 2.30% 397,953 49.09 to 28.10 17,962 0.00% 31.58% to 30.45% 2018.......................... 1.45% to 2.30% 483,018 37.31 to 21.54 16,558 0.00% 2.06% to 1.18% 2017.......................... 1.45% to 2.30% 565,395 36.55 to 21.29 18,972 0.00% 26.12% to 25.04% 2016.......................... 1.45% to 2.40% 669,966 28.98 to 13.39 17,713 0.00% 1.92% to 0.94% 2015.......................... 1.45% to 2.40% 782,264 28.44 to 13.26 20,458 0.00% 4.61% to 3.61%

F-80 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- --------------- ------- ---------- ------------------- Federated Managed Volatility Fund II -- Primary Shares 2019......................... 1.15% to 1.60% 401,469 34.24 to 16.33 9,683 2.06% 18.85% to 18.31% 2018......................... 1.15% to 1.60% 414,090 28.81 to 13.80 8,569 2.24% (9.55)% to (9.96)% 2017......................... 1.15% to 1.60% 246,565 31.85 to 15.33 5,717 4.00% 16.76% to 16.23% 2016......................... 1.15% to 1.60% 284,028 27.28 to 13.19 5,631 5.04% 6.45% to 5.98% 2015......................... 1.15% to 1.60% 340,033 25.63 to 12.45 6,409 4.50% (8.62)% to (9.03)% Fidelity(R) Variable Insurance Products Fund VIP Asset Manager/SM/ Portfolio -- Initial Class 2019......................... 1.15% to 1.60% 707,627 61.02 to 19.23 37,629 1.72% 16.89% to 16.36% 2018......................... 1.15% to 1.60% 813,538 52.21 to 16.53 36,760 1.64% (6.44)% to (6.87)% 2017......................... 1.15% to 1.60% 916,639 55.80 to 17.75 44,319 1.83% 12.80% to 12.29% 2016......................... 1.15% to 1.60% 1,050,104 49.47 to 15.80 44,751 1.44% 1.89% to 1.43% 2015......................... 1.15% to 1.60% 1,180,761 48.56 to 15.58 49,442 1.52% (1.01)% to (1.46)% VIP Asset Manager/SM/ Portfolio -- Service Class 2 2019......................... 1.45% to 2.30% 279,656 19.23 to 16.57 5,036 1.54% 16.30% to 15.30% 2018......................... 1.45% to 2.30% 317,202 16.53 to 14.38 4,926 1.39% (6.99)% to (7.80)% 2017......................... 1.45% to 2.30% 362,146 17.77 to 15.59 6,060 1.55% 12.10% to 11.13% 2016......................... 1.45% to 2.30% 503,089 15.86 to 14.03 7,542 1.17% 1.35% to 0.48% 2015......................... 1.45% to 2.30% 603,415 15.64 to 13.96 8,975 1.30% (1.51)% to (2.36)% VIP Balanced Portfolio -- Service Class 2 2019......................... 1.45% to 2.95% 3,373,337 21.55 to 10.61 65,443 1.54% 22.32% to 13.09% 2018......................... 1.45% to 2.55% 3,543,811 17.62 to 14.00 57,219 1.24% (5.83)% to (6.89)% 2017......................... 1.45% to 2.55% 3,994,733 18.71 to 15.04 68,642 1.25% 14.44% to 13.16% 2016......................... 1.45% to 2.55% 4,451,565 16.35 to 13.29 67,008 1.16% 5.43% to 4.26% 2015......................... 1.45% to 2.55% 4,846,903 15.51 to 12.75 69,426 1.29% (1.09)% to (2.20)% VIP Contrafund(R) Portfolio -- Initial Class 2019......................... 1.15% to 1.60% 1,515,972 108.03 to 34.49 98,145 0.45% 30.07% to 29.48% 2018......................... 1.15% to 1.60% 1,750,240 83.06 to 26.64 86,785 0.69% (7.46)% to (7.88)% 2017......................... 1.15% to 1.60% 1,993,834 89.76 to 28.92 106,146 0.98% 20.48% to 19.94% 2016......................... 1.15% to 1.60% 2,386,708 74.50 to 24.11 104,523 0.78% 6.76% to 6.29% 2015......................... 1.15% to 1.60% 2,752,822 69.78 to 22.68 113,615 0.99% (0.49)% to (0.94)% VIP Contrafund(R) Portfolio -- Service Class 2 2019......................... 1.45% to 2.95% 3,465,444 41.62 to 10.60 98,850 0.21% 29.37% to 12.83% 2018......................... 1.45% to 2.55% 4,330,377 32.17 to 15.19 96,356 0.41% (8.00)% to (9.03)% 2017......................... 1.45% to 2.55% 6,330,228 34.97 to 16.70 149,150 0.77% 19.83% to 18.50% 2016......................... 1.45% to 2.55% 5,987,180 29.18 to 14.09 121,938 0.44% 6.17% to 4.99% 2015......................... 1.45% to 2.55% 12,956,480 27.49 to 13.42 217,809 0.76% (1.04)% to (2.15)%

F-81 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- --------------- ------- ---------- -------------------- VIP Dynamic Capital Appreciation Portfolio -- Service Class 2 2019......................... 1.45% to 1.70% 51,564 37.51 to 35.95 1,897 0.37% 27.94% to 27.62% 2018......................... 1.45% to 1.70% 60,233 29.32 to 28.17 1,733 0.31% (6.55)% to (6.79)% 2017......................... 1.45% to 1.70% 79,730 31.37 to 30.22 2,466 0.62% 21.72% to 21.41% 2016......................... 1.45% to 1.70% 93,114 25.77 to 24.89 2,362 0.70% 1.17% to 0.92% 2015......................... 1.45% to 1.70% 109,997 25.47 to 24.67 2,724 0.58% (0.44)% to (0.69)% VIP Equity-Income Portfolio -- Initial Class 2019......................... 1.15% to 1.60% 1,092,955 117.23 to 23.04 73,813 1.97% 25.98% to 25.41% 2018......................... 1.15% to 1.60% 1,259,203 93.06 to 18.37 66,554 2.18% (9.35)% to (9.77)% 2017......................... 1.15% to 1.60% 1,439,981 102.66 to 20.36 83,586 1.67% 11.60% to 11.10% 2016......................... 1.15% to 1.60% 1,699,936 91.99 to 18.32 86,520 2.24% 16.66% to 16.14% 2015......................... 1.15% to 1.60% 1,941,908 78.85 to 15.78 85,286 3.05% (5.07)% to (5.50)% VIP Equity-Income Portfolio -- Service Class 2 2019......................... 1.45% to 2.95% 3,137,408 29.25 to 10.71 66,685 1.79% 25.26% to 15.21% 2018......................... 1.45% to 2.55% 3,615,685 23.35 to 11.43 61,043 1.97% (9.87)% to (10.88)% 2017......................... 1.45% to 2.55% 4,115,160 25.90 to 12.83 77,518 1.58% 11.02% to 9.79% 2016......................... 1.45% to 2.40% 2,765,882 23.33 to 11.86 52,129 1.37% 16.01% to 14.89% 2015......................... 1.45% to 2.55% 7,297,938 20.11 to 10.18 102,422 2.83% (5.63)% to (6.68)% VIP Growth & Income Portfolio -- Initial Class 2019......................... 1.15% to 1.60% 572,663 42.35 to 22.67 19,010 3.57% 28.56% to 27.98% 2018......................... 1.15% to 1.60% 669,851 32.94 to 17.72 17,108 0.35% (10.03)% to (10.44)% 2017......................... 0.75% to 1.60% 753,630 23.82 to 19.78 21,216 1.24% 16.02% to 15.04% 2016......................... 0.75% to 1.60% 861,702 20.53 to 17.20 20,834 1.66% 15.21% to 14.23% 2015......................... 0.75% to 1.60% 988,658 17.82 to 15.05 20,872 1.99% (3.01)% to (3.83)% VIP Growth & Income Portfolio -- Service Class 2 2019......................... 1.45% to 1.95% 596,708 29.91 to 24.45 13,990 3.44% 27.80% to 27.15% 2018......................... 1.45% to 1.95% 693,248 23.41 to 19.23 12,702 0.19% (10.52)% to (10.97)% 2017......................... 1.45% to 1.95% 938,297 26.16 to 21.60 18,986 1.07% 14.93% to 14.34% 2016......................... 1.45% to 1.95% 1,126,092 22.76 to 18.89 19,602 1.76% 14.13% to 13.56% 2015......................... 1.45% to 1.95% 965,172 19.94 to 16.64 14,971 1.78% (3.95)% to (4.44)% VIP Growth Opportunities Portfolio -- Initial Class 2019......................... 1.15% to 1.60% 371,845 46.94 to 27.15 13,156 0.14% 39.22% to 38.59% 2018......................... 0.75% to 1.60% 406,228 25.17 to 19.59 10,428 0.12% 11.61% to 10.65% 2017......................... 0.75% to 1.60% 436,435 22.55 to 17.70 10,237 0.30% 33.51% to 32.37% 2016......................... 0.75% to 1.60% 485,643 16.89 to 13.37 8,601 0.31% (0.41)% to (1.26)% 2015......................... 0.75% to 1.60% 597,694 16.96 to 13.55 10,857 0.18% 4.82% to 3.92%

F-82 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- --------------- ------- ---------- -------------------- VIP Growth Opportunities Portfolio -- Service Class 2 2019.......................... 1.45% to 2.30% 221,938 33.26 to 31.05 7,307 0.00% 38.46% to 37.26% 2018.......................... 1.45% to 2.30% 295,327 24.02 to 22.62 7,032 0.08% 10.57% to 9.62% 2017.......................... 1.45% to 2.30% 179,474 21.72 to 20.64 3,877 0.11% 32.24% to 31.10% 2016.......................... 1.45% to 2.40% 244,930 16.43 to 15.66 4,002 0.05% (1.38)% to (2.33)% 2015.......................... 1.45% to 2.55% 3,219,169 16.66 to 15.94 53,045 0.00% 3.82% to 2.66% VIP Growth Portfolio -- Initial Class 2019.......................... 1.15% to 1.60% 800,049 169.88 to 25.94 61,520 0.26% 32.77% to 32.17% 2018.......................... 1.15% to 1.60% 942,343 127.95 to 19.63 54,324 0.24% (1.32)% to (1.77)% 2017.......................... 1.15% to 1.60% 1,084,069 129.67 to 19.98 62,496 0.22% 33.58% to 32.98% 2016.......................... 1.15% to 1.60% 1,270,208 97.07 to 15.03 53,604 0.04% (0.36)% to (0.80)% 2015.......................... 1.15% to 1.60% 1,458,117 97.42 to 15.15 60,912 0.25% 5.94% to 5.46% VIP Growth Portfolio -- Service Class 2 2019.......................... 1.45% to 2.30% 890,448 40.36 to 28.57 21,867 0.06% 32.03% to 30.90% 2018.......................... 1.45% to 2.30% 1,014,497 30.57 to 21.83 18,717 0.04% (1.88)% to (2.74)% 2017.......................... 1.45% to 2.30% 1,138,148 31.15 to 22.44 21,409 0.08% 32.87% to 31.73% 2016.......................... 1.45% to 2.30% 1,126,260 23.45 to 17.04 15,246 0.00% (0.90)% to (1.76)% 2015.......................... 1.45% to 2.30% 1,583,867 23.66 to 17.34 23,366 0.03% 5.35% to 4.45% VIP Investment Grade Bond Portfolio -- Service Class 2 2019.......................... 1.45% to 2.95% 5,608,412 13.91 to 10.13 75,094 2.47% 7.82% to 2.60% 2018.......................... 1.45% to 2.55% 6,078,307 12.90 to 11.32 75,876 1.94% (2.23)% to (3.33)% 2017.......................... 1.45% to 2.55% 9,506,920 13.20 to 11.71 121,545 2.17% 2.49% to 1.35% 2016.......................... 1.45% to 2.55% 10,950,778 12.87 to 11.55 137,126 2.28% 2.97% to 1.82% 2015.......................... 1.45% to 2.55% 11,150,979 12.50 to 11.34 136,060 2.57% (2.29)% to (3.38)% VIP Mid Cap Portfolio -- Initial Class 2019.......................... 0.75% to 0.75% 139 51.06 to 51.06 7 0.76% 22.52% to 22.52% 2018.......................... 0.75% to 0.75% 212 41.67 to 41.67 9 0.64% (15.18)% to (15.18)% 2017.......................... 0.75% to 0.75% 271 49.13 to 49.13 13 0.71% 19.90% to 19.90% 2016.......................... 0.75% to 0.75% 268 40.98 to 40.98 11 0.52% 11.39% to 11.39% 2015.......................... 0.75% to 0.75% 281 36.78 to 36.78 10 0.40% (2.13)% to (2.13)% VIP Mid Cap Portfolio -- Service Class 2 2019.......................... 1.15% to 2.95% 3,381,562 49.21 to 10.34 99,611 0.65% 21.76% to 7.14% 2018.......................... 1.15% to 2.55% 3,892,358 40.41 to 14.33 94,762 0.39% (15.76)% to (16.96)% 2017.......................... 1.15% to 2.55% 4,371,427 47.97 to 17.26 129,568 0.47% 19.15% to 17.47% 2016.......................... 1.15% to 2.55% 5,321,532 40.26 to 14.69 134,193 0.33% 10.64% to 9.08% 2015.......................... 1.15% to 2.55% 5,166,230 36.39 to 13.47 120,030 0.22% (2.76)% to (4.14)%

F-83 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- -------------- ------- ---------- -------------------- VIP Overseas Portfolio -- Initial Class 2019......................... 0.75% to 1.60% 386,086 17.47 to 17.42 12,318 1.56% 26.81% to 25.73% 2018......................... 0.75% to 1.60% 518,531 13.78 to 13.85 13,286 1.50% (15.45)% to (16.18)% 2017......................... 0.75% to 1.60% 582,607 16.30 to 16.53 17,614 1.40% 29.31% to 28.21% 2016......................... 0.75% to 1.60% 654,951 12.60 to 12.89 15,403 1.36% (5.77)% to (6.57)% 2015......................... 0.75% to 1.60% 762,153 13.37 to 13.80 19,244 1.30% 2.85% to 1.97% VIP Value Strategies Portfolio -- Service Class 2 2019......................... 1.45% to 1.85% 89,980 24.51 to 23.00 2,180 1.40% 32.15% to 31.62% 2018......................... 1.45% to 1.85% 107,961 18.55 to 17.47 1,980 0.70% (18.70)% to (19.03)% 2017......................... 1.45% to 1.85% 115,318 22.81 to 21.58 2,609 1.23% 17.36% to 16.89% 2016......................... 1.45% to 2.20% 139,915 19.44 to 18.27 2,693 0.86% 7.69% to 6.87% 2015......................... 1.45% to 2.20% 166,905 18.05 to 17.10 2,983 0.39% (4.59)% to (5.32)% Franklin Templeton Variable Insurance Products Trust Franklin Allocation VIP Fund -- Class 2 Shares 2019......................... 1.45% to 2.95% 3,885,483 14.26 to 10.42 51,620 3.54% 18.12% to 8.92% 2018......................... 1.45% to 2.55% 4,651,064 12.07 to 10.63 52,976 3.04% (10.97)% to (11.97)% 2017......................... 1.45% to 2.55% 5,446,835 13.56 to 12.08 70,021 2.66% 10.36% to 9.13% 2016......................... 1.45% to 2.55% 6,295,431 12.29 to 11.07 73,692 3.89% 11.54% to 10.30% 2015......................... 1.45% to 2.55% 7,499,839 11.02 to 10.03 79,033 2.95% (7.57)% to (8.61)% Franklin Income VIP Fund -- Class 2 Shares 2019......................... 1.45% to 2.95% 13,872,298 19.85 to 10.28 228,613 5.36% 14.38% to 5.93% 2018......................... 1.45% to 2.55% 15,980,562 17.35 to 11.91 235,328 4.82% (5.70)% to (6.76)% 2017......................... 1.45% to 2.55% 19,017,806 18.40 to 12.77 298,896 4.16% 8.09% to 6.88% 2016......................... 1.45% to 2.55% 22,022,852 17.02 to 11.95 322,404 5.01% 12.37% to 11.12% 2015......................... 1.45% to 2.55% 26,571,825 15.15 to 10.75 347,887 4.63% (8.40)% to (9.43)% Franklin Large Cap Growth VIP Fund -- Class 2 Shares 2019......................... 1.45% to 2.05% 5,369 32.71 to 24.39 172 0.00% 32.63% to 31.82% 2018......................... 1.45% to 2.05% 6,687 24.66 to 18.50 160 0.00% (2.90)% to (3.50)% 2017......................... 1.45% to 2.05% 7,145 25.40 to 19.17 176 0.62% 26.26% to 25.49% 2016......................... 1.45% to 2.05% 8,656 20.12 to 15.28 168 0.00% (3.21)% to (3.80)% 2015......................... 1.45% to 2.05% 10,902 20.78 to 15.88 219 0.26% 4.09% to 3.46% Franklin Mutual Shares VIP Fund -- Class 2 Shares 2019......................... 1.45% to 2.30% 542,401 26.40 to 15.14 11,058 1.73% 20.80% to 19.75% 2018......................... 1.45% to 2.30% 684,419 21.85 to 12.64 11,807 2.31% (10.39)% to (11.17)% 2017......................... 1.45% to 2.30% 807,265 24.39 to 14.23 15,618 2.22% 6.78% to 5.86% 2016......................... 1.45% to 2.40% 899,932 22.84 to 11.63 16,318 1.97% 14.38% to 13.28% 2015......................... 1.45% to 2.40% 1,027,325 19.97 to 10.26 16,240 3.02% (6.32)% to (7.22)%

F-84 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- -------------- ------- ---------- -------------------- Templeton Foreign VIP Fund -- Class 1 Shares 2019.......................... 1.15% to 1.60% 333,141 15.69 to 14.66 4,987 1.96% 11.54% to 11.04% 2018.......................... 1.15% to 1.60% 401,348 14.07 to 13.20 5,399 2.92% (16.25)% to (16.63)% 2017.......................... 0.75% to 1.60% 455,848 17.71 to 15.84 7,353 2.75% 16.14% to 15.16% 2016.......................... 1.15% to 1.60% 520,746 14.52 to 13.75 7,303 2.15% 6.25% to 5.78% 2015.......................... 1.15% to 1.60% 560,407 13.67 to 13.00 7,415 3.52% (7.39)% to (7.80)% Templeton Foreign VIP Fund -- Class 2 Shares 2019.......................... 1.45% to 2.70% 39,707 21.64 to 10.53 574 1.75% 10.90% to 11.16% 2018.......................... 1.45% to 2.20% 42,632 19.52 to 8.42 561 2.63% (16.68)% to (17.31)% 2017.......................... 1.45% to 2.20% 42,788 23.42 to 10.18 682 2.22% 15.01% to 14.13% 2016.......................... 1.45% to 2.20% 76,618 20.37 to 8.92 1,035 1.96% 5.63% to 4.82% 2015.......................... 1.45% to 2.20% 86,044 19.28 to 8.51 1,101 3.08% (7.85)% to (8.55)% Templeton Global Bond VIP Fund -- Class 1 Shares 2019.......................... 1.15% to 1.40% 265,427 19.06 to 18.35 4,923 7.04% 1.08% to 0.83% 2018.......................... 1.15% to 1.40% 293,263 18.86 to 18.20 5,388 0.00% 1.03% to 0.78% 2017.......................... 1.15% to 1.40% 318,265 18.66 to 18.06 5,797 0.00% 0.98% to 0.73% 2016.......................... 1.15% to 1.40% 367,813 18.48 to 17.93 6,648 0.00% 2.02% to 1.77% 2015.......................... 1.15% to 1.40% 420,869 18.12 to 17.62 7,468 7.78% (5.20)% to (5.44)% Templeton Growth VIP Fund -- Class 2 Shares 2019.......................... 1.45% to 2.70% 578,148 12.96 to 10.63 7,034 2.84% 13.48% to 13.42% 2018.......................... 1.45% to 2.20% 683,681 11.42 to 10.37 7,356 2.14% (16.09)% to (16.73)% 2017.......................... 1.45% to 2.20% 889,619 13.61 to 12.45 11,558 1.61% 16.79% to 15.90% 2016.......................... 1.45% to 2.20% 794,807 11.65 to 10.74 8,798 2.09% 8.03% to 7.21% 2015.......................... 1.45% to 2.20% 929,502 10.79 to 10.02 9,516 2.59% (7.84)% to (8.54)% Goldman Sachs Variable Insurance Trust Goldman Sachs Government Money Market Fund -- Service Shares 2019.......................... 0.75% to 2.95% 12,166,472 9.83 to 9.93 112,712 1.84% 1.09% to (1.37)% 2018.......................... 0.75% to 2.45% 13,748,569 9.73 to 8.71 126,903 1.46% 0.72% to (1.02)% 2017.......................... 0.75% to 2.55% 13,526,631 9.66 to 8.75 124,949 0.50% (0.24)% to (2.05)% 2016.......................... 0.75% to 2.55% 14,233,505 9.68 to 8.93 132,976 0.04% (0.71)% to (2.50)% 2015.......................... 0.75% to 2.55% 14,686,855 9.75 to 9.16 139,172 0.01% (0.74)% to (2.54)% Goldman Sachs Large Cap Value Fund -- Institutional Shares 2019.......................... 1.15% to 1.60% 294,059 20.79 to 19.60 6,049 1.48% 24.48% to 23.92% 2018.......................... 1.15% to 1.60% 331,048 16.71 to 15.82 5,486 1.22% (9.51)% to (9.93)% 2017.......................... 1.15% to 1.60% 385,587 18.46 to 17.56 7,080 1.58% 8.60% to 8.11% 2016.......................... 1.15% to 1.60% 440,569 17.00 to 16.24 7,464 2.05% 10.30% to 9.80% 2015.......................... 1.15% to 1.60% 540,209 15.41 to 14.79 8,322 1.35% (5.51)% to (5.94)%

F-85 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- -------------- ------ ---------- -------------------- Goldman Sachs Mid Cap Value Fund -- Institutional Shares 2019.............................. 1.15% to 2.30% 744,552 48.15 to 21.24 32,552 0.77% 30.02% to 28.50% 2018.............................. 1.15% to 2.30% 882,773 37.03 to 16.53 29,982 1.26% (11.49)% to (12.53)% 2017.............................. 1.15% to 2.30% 1,043,479 41.84 to 18.89 39,934 0.61% 9.80% to 8.52% 2016.............................. 1.15% to 2.30% 1,673,110 38.11 to 17.41 51,961 1.43% 12.23% to 10.93% 2015.............................. 1.15% to 2.30% 1,386,533 33.96 to 15.69 43,127 0.35% (10.29)% to (11.33)% JPMorgan Insurance Trust JPMorgan Insurance Trust Core Bond Portfolio -- Class 1 2019.............................. 1.45% to 2.70% 180,641 15.08 to 10.09 2,579 2.56% 6.61% to 1.94% 2018.............................. 1.45% to 2.20% 196,996 14.15 to 12.21 2,659 2.55% (1.41)% to (2.16)% 2017.............................. 1.45% to 2.20% 248,134 14.35 to 12.48 3,406 2.52% 2.07% to 1.30% 2016.............................. 1.45% to 2.20% 278,782 14.06 to 12.32 3,768 2.62% 0.64% to (0.12)% 2015.............................. 1.45% to 2.20% 286,159 13.97 to 12.34 3,859 4.24% (0.35)% to (1.11)% JPMorgan Insurance Trust Mid Cap Value Portfolio -- Class 1 2019.............................. 1.45% to 2.70% 17,818 36.56 to 10.45 342 1.61% 24.92% to 9.57% 2018.............................. 1.45% to 2.20% 20,960 29.26 to 9.31 332 0.85% (13.12)% to (13.79)% 2017.............................. 1.45% to 2.20% 15,289 33.68 to 10.80 295 0.91% 12.12% to 11.74% 2016.............................. 1.45% to 2.05% 3,206 30.04 to 28.67 95 0.88% 13.04% to 12.35% 2015.............................. 1.45% to 2.05% 3,695 26.58 to 25.52 97 1.01% (4.07)% to (4.65)% JPMorgan Insurance Trust Small Cap Core Portfolio -- Class 1 2019.............................. 1.45% to 2.70% 4,539 36.34 to 10.57 93 0.41% 22.77% to 12.02% 2018.............................. 1.45% to 2.20% 5,359 29.60 to 11.34 93 0.47% (13.21)% to (13.88)% 2017.............................. 1.45% to 2.20% 10,889 34.11 to 13.17 208 0.32% 13.56% to 12.70% 2016.............................. 1.45% to 2.20% 13,229 30.04 to 11.69 231 0.02% 18.48% to 38.30% 2015.............................. 1.45% to 1.45% 292 25.35 to 25.35 7 0.14% (6.66)% to (6.66)% JPMorgan Insurance Trust U.S. Equity Portfolio -- Class 1 2019.............................. 1.45% to 2.70% 48,037 30.18 to 10.88 1,351 0.86% 29.84% to 19.09% 2018.............................. 1.45% to 2.20% 58,934 23.24 to 18.16 1,297 0.72% (7.53)% to (8.24)% 2017.............................. 1.45% to 2.20% 47,172 25.14 to 19.79 1,129 0.88% 20.56% to 19.65% 2016.............................. 1.45% to 2.20% 59,840 20.85 to 16.54 1,196 0.95% 9.33% to 8.50% 2015.............................. 1.45% to 2.20% 63,151 19.07 to 15.25 1,158 1.16% (0.60)% to (1.35)% Janus Aspen Series Janus Henderson Balanced Portfolio -- Institutional Shares 2019.............................. 1.15% to 1.60% 1,372,598 73.70 to 31.09 67,981 1.89% 21.18% to 20.63% 2018.............................. 1.15% to 1.60% 1,541,152 60.82 to 25.77 63,108 2.15% (0.48)% to (0.94)% 2017.............................. 1.15% to 1.60% 1,754,161 61.11 to 26.01 72,839 1.59% 17.07% to 16.55% 2016.............................. 1.15% to 1.60% 2,031,781 52.20 to 22.32 71,783 2.18% 3.40% to 2.94% 2015.............................. 1.15% to 1.60% 2,351,321 50.48 to 21.68 80,984 1.58% (0.54)% to (0.99)%

F-86 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- --------------- ------- ---------- ------------------- Janus Henderson Balanced Portfolio -- Service Shares 2019........................ 1.45% to 2.95% 4,362,890 31.68 to 10.61 104,197 1.62% 20.50% to 12.94% 2018........................ 1.45% to 2.55% 4,557,252 26.29 to 16.36 93,108 1.78% (1.03)% to (2.14)% 2017........................ 1.45% to 2.55% 5,193,649 26.57 to 16.72 107,672 1.37% 16.43% to 15.13% 2016........................ 1.45% to 2.55% 5,802,246 22.82 to 14.52 103,508 1.92% 2.82% to 1.67% 2015........................ 1.45% to 2.55% 6,591,303 22.19 to 14.29 115,048 1.37% (1.05)% to (2.15)% Janus Henderson Enterprise Portfolio -- Institutional Shares 2019........................ 1.15% to 1.60% 663,852 127.51 to 35.13 47,920 0.20% 33.93% to 33.32% 2018........................ 1.15% to 1.60% 770,451 95.21 to 26.35 41,324 0.26% (1.57)% to (2.01)% 2017........................ 1.15% to 1.60% 891,322 96.72 to 26.89 48,550 0.62% 25.96% to 25.39% 2016........................ 1.15% to 1.60% 1,051,330 76.79 to 21.45 45,233 0.14% 11.07% to 10.57% 2015........................ 1.15% to 1.60% 1,209,980 69.14 to 19.40 46,516 0.63% 2.83% to 2.37% Janus Henderson Enterprise Portfolio -- Service Shares 2019........................ 1.50% to 1.70% 285,568 18.73 to 18.00 5,787 0.05% 33.13% to 32.86% 2018........................ 1.50% to 1.70% 320,337 14.07 to 13.55 4,945 0.13% (2.16)% to (2.36)% 2017........................ 1.50% to 1.70% 354,600 14.38 to 13.88 5,538 0.53% 25.19% to 24.93% 2016........................ 1.50% to 1.70% 387,640 11.49 to 11.11 4,824 0.02% 10.43% to 10.20% 2015........................ 1.50% to 1.70% 414,922 10.40 to 10.08 4,758 0.52% 2.21% to 2.00% Janus Henderson Flexible Bond Portfolio -- Institutional Shares 2019........................ 0.75% to 1.60% 361,263 24.50 to 20.72 9,257 3.29% 8.75% to 7.82% 2018........................ 0.75% to 1.60% 397,166 22.53 to 19.21 9,430 3.02% (1.75)% to (2.59)% 2017........................ 0.75% to 1.60% 477,104 22.93 to 19.73 11,653 2.74% 2.84% to 1.97% 2016........................ 0.75% to 1.60% 611,114 22.29 to 19.34 14,878 2.78% 1.70% to 0.83% 2015........................ 0.75% to 1.60% 688,004 21.92 to 19.18 16,464 2.27% (0.53)% to (1.38)% Janus Henderson Forty Portfolio -- Institutional Shares 2019........................ 0.75% to 1.60% 615,748 35.69 to 37.59 37,121 0.15% 36.13% to 34.97% 2018........................ 0.75% to 1.60% 712,447 26.22 to 27.85 31,632 1.16% 1.21% to 0.35% 2017........................ 0.75% to 1.60% 808,548 25.90 to 27.75 35,582 0.00% 29.34% to 28.24% 2016........................ 0.75% to 1.60% 948,927 20.03 to 21.64 32,376 0.00% 1.43% to 0.57% 2015........................ 0.75% to 1.60% 1,102,917 19.75 to 21.52 37,281 0.00% 11.38% to 10.43% Janus Henderson Forty Portfolio -- Service Shares 2019........................ 1.45% to 2.35% 401,490 53.44 to 30.54 13,296 0.02% 34.87% to 33.64% 2018........................ 1.45% to 2.35% 450,821 39.63 to 22.85 11,059 1.23% 0.24% to (0.69)% 2017........................ 1.45% to 2.35% 526,903 39.53 to 23.01 12,868 0.00% 28.12% to 26.95% 2016........................ 1.45% to 2.55% 2,184,706 30.86 to 16.09 37,015 0.00% 0.47% to (0.65)% 2015........................ 1.45% to 2.55% 2,712,925 30.71 to 16.20 48,727 0.00% 10.31% to 9.08%

F-87 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- -------------- ------ ---------- -------------------- Janus Henderson Global Research Portfolio -- Institutional Shares 2019.............................. 1.15% to 1.60% 921,465 63.33 to 18.10 36,410 0.96% 27.56% to 26.98% 2018.............................. 1.15% to 1.60% 1,123,327 49.65 to 14.25 35,421 1.11% (7.94)% to (8.36)% 2017.............................. 1.15% to 1.60% 1,300,011 53.93 to 15.55 43,987 0.81% 25.57% to 25.01% 2016.............................. 1.15% to 1.60% 1,495,339 42.95 to 12.44 40,317 1.07% 0.89% to 0.44% 2015.............................. 1.15% to 1.60% 1,705,388 42.57 to 12.39 45,357 0.65% (3.41)% to (3.85)% Janus Henderson Global Research Portfolio -- Service Shares 2019.............................. 1.50% to 1.70% 245,687 11.58 to 11.13 2,943 0.86% 26.78% to 26.53% 2018.............................. 1.50% to 1.70% 285,686 9.13 to 8.79 2,720 0.93% (8.48)% to (8.67)% 2017.............................. 1.50% to 1.70% 356,238 9.98 to 9.63 3,698 0.69% 24.79% to 24.54% 2016.............................. 1.50% to 1.70% 407,053 8.00 to 7.73 3,384 0.94% 0.29% to 0.09% 2015.............................. 1.50% to 1.70% 457,016 7.97 to 7.72 3,804 0.51% (3.99)% to (4.19)% Janus Henderson Global Technology Portfolio -- Service Shares 2019.............................. 1.15% to 1.70% 530,984 19.42 to 17.04 9,593 0.42% 43.15% to 42.36% 2018.............................. 1.15% to 1.70% 586,687 13.56 to 11.97 7,432 1.11% (0.26)% to (0.82)% 2017.............................. 1.15% to 1.70% 658,251 13.60 to 12.07 8,399 0.45% 43.25% to 42.46% 2016.............................. 1.15% to 1.70% 660,400 9.49 to 8.47 5,893 0.09% 12.54% to 11.92% 2015.............................. 1.15% to 1.70% 709,850 8.44 to 7.57 5,655 0.00% 3.44% to 2.87% Janus Henderson Overseas Portfolio -- Institutional Shares 2019.............................. 0.75% to 1.60% 609,299 16.84 to 23.97 19,831 1.88% 26.07% to 24.99% 2018.............................. 0.75% to 1.60% 705,173 13.36 to 19.18 18,334 1.76% (15.58)% to (16.31)% 2017.............................. 0.75% to 1.60% 765,523 15.83 to 22.91 23,652 1.64% 30.14% to 29.03% 2016.............................. 0.75% to 1.60% 890,300 12.16 to 17.76 21,291 4.65% (7.15)% to (7.94)% 2015.............................. 0.75% to 1.60% 979,039 13.10 to 19.29 25,442 0.58% (9.28)% to (10.05)% Janus Henderson Overseas Portfolio -- Service Shares 2019.............................. 1.45% to 2.10% 153,244 31.06 to 19.42 2,287 1.83% 24.87% to 24.05% 2018.............................. 1.45% to 2.10% 168,333 24.87 to 15.65 2,019 1.66% (16.37)% to (16.93)% 2017.............................. 1.45% to 2.10% 181,510 29.75 to 18.84 2,611 1.55% 28.91% to 28.07% 2016.............................. 1.45% to 2.10% 206,876 23.07 to 14.71 2,326 4.67% (8.06)% to (8.66)% 2015.............................. 1.45% to 2.10% 293,437 25.10 to 16.11 3,539 0.50% (10.13)% to (10.72)% Janus Henderson Research Portfolio -- Institutional Shares 2019.............................. 1.15% to 1.60% 950,185 70.20 to 22.41 40,526 0.45% 33.96% to 33.36% 2018.............................. 1.15% to 1.60% 1,128,053 52.41 to 16.81 35,820 0.54% (3.70)% to (4.14)% 2017.............................. 1.15% to 1.60% 1,347,021 54.42 to 17.53 43,863 0.39% 26.41% to 25.85% 2016.............................. 1.15% to 1.60% 1,569,263 43.05 to 13.93 40,553 0.53% (0.66)% to (1.10)% 2015.............................. 1.15% to 1.60% 1,844,187 43.33 to 14.09 47,984 0.63% 4.13% to 3.66%

F-88 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- -------------- ------ ---------- ------------------- Janus Henderson Research Portfolio -- Service Shares 2019............................. 1.50% to 1.70% 180,738 16.89 to 16.23 3,179 0.30% 33.20% to 32.93% 2018............................. 1.50% to 1.70% 209,137 12.68 to 12.21 2,751 0.35% (4.30)% to (4.50)% 2017............................. 1.50% to 1.70% 263,890 13.25 to 12.79 3,614 0.24% 25.65% to 25.39% 2016............................. 1.50% to 1.70% 313,350 10.55 to 10.20 3,429 0.38% (1.23)% to (1.43)% 2015............................. 1.50% to 1.70% 352,027 10.68 to 10.35 3,905 0.45% 3.50% to 3.29% Legg Mason Partners Variable Equity Trust ClearBridge Variable Aggressive Growth Portfolio -- Class II 2019............................. 1.45% to 2.30% 165,964 36.80 to 23.30 5,774 0.75% 22.94% to 21.88% 2018............................. 1.45% to 2.30% 184,804 29.93 to 19.11 5,229 0.37% (9.90)% to (10.68)% 2017............................. 1.45% to 2.30% 197,561 33.22 to 21.40 6,236 0.21% 14.31% to 13.33% 2016............................. 1.45% to 2.30% 277,181 29.06 to 18.88 7,729 0.31% (0.52)% to (1.38)% 2015............................. 1.45% to 2.30% 767,178 29.21 to 19.15 21,895 0.05% (3.36)% to (4.20)% ClearBridge Variable Dividend Strategy Portfolio -- Class I 2019............................. 1.15% to 1.60% 199,679 22.67 to 21.40 4,357 1.46% 30.08% to 29.49% 2018............................. 1.15% to 1.60% 231,022 17.43 to 16.53 3,886 1.50% (5.96)% to (6.39)% 2017............................. 1.15% to 1.60% 278,057 18.53 to 17.66 4,991 1.46% 17.81% to 17.28% 2016............................. 1.15% to 1.60% 318,210 15.73 to 15.06 4,859 1.54% 13.67% to 13.16% 2015............................. 1.15% to 1.60% 338,426 13.84 to 13.31 4,557 1.67% (5.40)% to (5.83)% ClearBridge Variable Dividend Strategy Portfolio -- Class II 2019............................. 1.45% to 2.35% 380,785 21.44 to 19.08 7,827 1.27% 29.51% to 28.32% 2018............................. 1.45% to 2.35% 467,731 16.55 to 14.87 7,448 1.29% (6.38)% to (7.24)% 2017............................. 1.45% to 2.45% 583,700 17.68 to 15.86 9,961 1.38% 17.29% to 16.10% 2016............................. 1.45% to 2.45% 575,027 15.08 to 13.66 8,381 1.67% 13.12% to 11.98% 2015............................. 1.45% to 2.45% 444,855 13.33 to 12.20 5,674 1.62% (5.82)% to (6.78)% ClearBridge Variable Large Cap Value Portfolio -- Class I 2019............................. 1.15% to 2.30% 723,003 40.58 to 13.07 14,896 1.72% 27.40% to 25.92% 2018............................. 1.15% to 2.30% 770,584 31.85 to 10.38 12,735 1.46% (9.93)% to (10.98)% 2017............................. 1.15% to 2.30% 914,407 35.36 to 11.66 16,990 1.44% 13.52% to 12.20% 2016............................. 1.15% to 2.30% 870,195 31.15 to 10.39 15,224 1.48% 11.70% to 10.41% 2015............................. 1.15% to 2.30% 1,342,584 27.89 to 9.41 18,994 1.40% (3.98)% to (5.10)% MFS(R) Variable Insurance Trust MFS(R) Investors Trust Series -- Service Class Shares 2019............................. 1.45% to 1.70% 205,580 35.59 to 22.04 4,995 0.48% 29.34% to 29.02% 2018............................. 1.45% to 1.85% 253,105 27.52 to 21.56 4,767 0.44% (7.08)% to (7.46)% 2017............................. 1.45% to 1.85% 296,647 29.62 to 23.30 5,957 0.55% 21.25% to 20.76% 2016............................. 1.45% to 1.95% 320,659 24.43 to 18.84 5,309 0.57% 6.75% to 6.21% 2015............................. 1.45% to 1.95% 370,130 22.88 to 17.74 5,733 0.68% (1.50)% to (2.00)%

F-89 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- -------------- ------ ---------- -------------------- MFS(R) New Discovery Series -- Service Class Shares 2019............................. 1.15% to 2.30% 571,093 48.30 to 31.26 18,401 0.00% 39.65% to 38.03% 2018............................. 1.15% to 2.30% 504,833 34.59 to 22.65 11,086 0.00% (2.85)% to (3.99)% 2017............................. 1.15% to 2.30% 648,451 35.60 to 23.59 14,585 0.00% 24.88% to 23.44% 2016............................. 1.15% to 2.30% 663,903 28.51 to 19.11 12,301 0.00% 7.55% to 6.30% 2015............................. 1.15% to 2.30% 790,831 26.51 to 17.98 13,662 0.00% (3.27)% to (4.40)% MFS(R) Total Return Series -- Service Class Shares 2019............................. 1.45% to 2.95% 2,233,722 23.41 to 10.45 38,896 2.07% 18.38% to 9.53% 2018............................. 1.45% to 2.55% 2,530,043 19.77 to 12.14 37,918 1.94% (7.24)% to (8.29)% 2017............................. 1.45% to 2.55% 2,899,860 21.32 to 13.23 46,828 2.15% 10.41% to 9.18% 2016............................. 1.45% to 2.55% 3,278,568 19.31 to 12.12 48,180 2.71% 7.24% to 6.05% 2015............................. 1.45% to 2.55% 3,461,844 18.00 to 11.43 47,611 2.35% (2.02)% to (3.11)% MFS(R) Utilities Series -- Service Class Shares 2019............................. 1.45% to 2.20% 399,730 51.37 to 29.20 13,258 3.71% 22.99% to 22.06% 2018............................. 1.45% to 2.20% 481,645 41.77 to 23.92 13,016 0.84% (0.66)% to (1.42)% 2017............................. 1.45% to 2.20% 564,347 42.04 to 24.27 15,293 3.90% 12.84% to 11.98% 2016............................. 1.45% to 2.20% 700,916 37.26 to 21.67 16,772 3.44% 9.63% to 8.80% 2015............................. 1.45% to 2.20% 790,491 33.99 to 19.92 17,322 3.86% (15.99)% to (16.63)% MFS(R) Variable Insurance Trust II MFS(R) Massachusetts Investors Growth Stock Portfolio -- Service Class Shares 2019............................. 1.45% to 2.70% 389,578 17.47 to 10.95 6,772 0.34% 37.56% to 20.63% 2018............................. 1.45% to 2.30% 471,532 12.70 to 12.29 5,961 0.32% (0.89)% to (1.75)% 2017............................. 1.45% to 2.30% 649,434 12.81 to 12.51 8,292 0.42% 26.25% to 25.16% 2016............................. 1.45% to 2.30% 728,673 10.15 to 9.99 7,379 0.38% 4.31% to 3.41% 2015............................. 1.45% to 2.30% 752,771 9.73 to 9.66 7,317 0.47% (3.53)% to (4.36)% MFS(R) Strategic Income Portfolio -- Service Class Shares 2019............................. 1.45% to 1.45% 2,008 11.74 to 11.74 24 3.50% 9.68% to 9.68% 2018............................. 1.45% to 1.45% 2,405 10.70 to 10.70 26 3.81% (3.53)% to (3.53)% 2017............................. 1.45% to 1.45% 2,592 11.09 to 11.09 29 4.37% 4.35% to 4.35% 2016............................. 1.45% to 1.45% 3,021 10.63 to 10.63 32 2.96% 6.44% to 6.44% 2015............................. 1.45% to 1.45% 2,133 9.99 to 9.99 21 4.94% (3.48)% to (3.48)% PIMCO Variable Insurance Trust All Asset Portfolio -- Advisor Class Shares 2019............................. 1.45% to 1.95% 330,321 16.01 to 14.86 5,118 2.69% 10.12% to 9.56% 2018............................. 1.45% to 1.95% 418,106 14.54 to 13.56 5,902 3.00% (6.83)% to (7.30)% 2017............................. 1.45% to 1.95% 475,796 15.61 to 14.63 7,232 4.31% 11.74% to 11.17% 2016............................. 1.45% to 2.20% 549,188 13.97 to 12.78 7,488 2.29% 11.27% to 10.43% 2015............................. 1.45% to 2.20% 655,747 12.55 to 11.57 8,052 3.06% (10.50)% to (11.19)%

F-90 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- -------------- ------- ---------- ------------------- High Yield Portfolio -- Administrative Class Shares 2019............................. 1.45% to 2.95% 2,320,582 23.11 to 10.23 46,334 4.92% 13.06% to 4.79% 2018............................. 1.45% to 2.55% 2,234,519 20.44 to 13.46 40,479 5.09% (4.07)% to (5.14)% 2017............................. 1.45% to 2.55% 2,282,326 21.31 to 14.19 43,833 4.87% 5.07% to 3.90% 2016............................. 1.45% to 2.55% 2,587,388 20.28 to 13.66 48,057 5.25% 10.82% to 9.59% 2015............................. 1.45% to 2.55% 5,300,327 18.30 to 12.47 83,624 5.25% (3.07)% to (4.15)% International Bond Portfolio (U.S. Dollar Hedged) -- Administrative Class Shares 2019............................. 1.50% to 1.70% 88,578 21.17 to 20.35 1,851 1.77% 5.40% to 5.19% 2018............................. 1.50% to 1.70% 109,339 20.09 to 19.35 2,166 1.31% 0.58% to 0.38% 2017............................. 1.50% to 1.70% 117,382 19.97 to 19.27 2,313 4.03% 1.23% to 1.02% 2016............................. 1.50% to 1.70% 160,909 19.73 to 19.08 3,124 1.41% 4.88% to 4.67% 2015............................. 1.50% to 1.70% 185,736 18.81 to 18.23 3,444 2.90% (1.21)% to (1.41)% Long-Term U.S. Government Portfolio -- Administrative Class Shares 2019............................. 1.45% to 2.95% 1,859,226 21.49 to 10.14 38,539 2.05% 11.68% to 2.96% 2018............................. 1.45% to 2.55% 1,818,776 19.24 to 15.17 34,646 2.40% (3.80)% to (4.88)% 2017............................. 1.45% to 2.55% 1,706,498 20.00 to 15.95 34,651 2.17% 7.38% to 6.18% 2016............................. 1.45% to 2.55% 1,922,497 18.63 to 15.02 36,780 1.89% (0.78)% to (1.89)% 2015............................. 1.45% to 2.35% 775,453 18.78 to 16.67 17,253 2.06% (2.82)% to (3.71)% Low Duration Portfolio -- Administrative Class Shares 2019............................. 1.45% to 2.95% 3,574,136 12.53 to 9.99 41,893 2.77% 2.52% to (0.13)% 2018............................. 1.45% to 2.55% 3,842,840 12.22 to 10.36 44,146 1.93% (1.12)% to (2.23)% 2017............................. 1.45% to 2.55% 3,735,829 12.36 to 10.59 43,446 1.34% (0.12)% to (1.23)% 2016............................. 1.45% to 2.55% 3,835,039 12.37 to 10.73 44,857 1.51% (0.06)% to (1.17)% 2015............................. 1.45% to 2.55% 6,541,673 12.38 to 10.85 76,352 2.77% (1.14)% to (2.24)% Total Return Portfolio -- Administrative Class Shares 2019............................. 1.15% to 2.95% 9,370,259 17.84 to 10.08 156,073 3.01% 7.11% to 1.71% 2018............................. 1.15% to 2.55% 10,578,875 16.66 to 12.77 165,306 2.52% (1.68)% to (3.08)% 2017............................. 1.15% to 2.55% 13,884,221 16.94 to 13.18 219,063 2.02% 3.71% to 2.25% 2016............................. 1.15% to 2.55% 15,999,977 16.34 to 12.89 244,475 2.09% 1.50% to 0.07% 2015............................. 1.15% to 2.55% 18,775,625 16.09 to 12.88 284,510 5.04% (0.71)% to (2.11)% Rydex Variable Trust NASDAQ -- 100(R) Fund 2019............................. 1.45% to 1.85% 267,428 55.70 to 39.95 5,361 0.13% 34.88% to 34.33% 2018............................. 1.45% to 1.85% 269,561 41.30 to 29.74 4,093 0.00% (3.24)% to (3.64)% 2017............................. 1.45% to 1.85% 341,457 42.68 to 30.86 5,427 0.00% 29.23% to 28.70% 2016............................. 1.45% to 1.85% 656,436 33.03 to 23.98 7,066 0.00% 4.45% to 4.03% 2015............................. 1.45% to 2.00% 1,511,920 31.62 to 22.63 16,265 0.00% 6.67% to 6.08%

F-91 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- -------------- ------- ---------- -------------------- State Street Variable Insurance Series Funds, Inc. Income V.I.S. Fund -- Class 1 Shares 2019.......................... 0.75% to 2.30% 955,145 18.96 to 11.60 14,603 0.19% 7.81% to 6.12% 2018.......................... 0.75% to 2.30% 1,101,994 17.59 to 10.93 15,782 2.12% (2.17)% to (3.70)% 2017.......................... 0.75% to 2.30% 1,252,511 17.98 to 11.35 18,445 1.97% 2.47% to 0.88% 2016.......................... 0.75% to 2.30% 1,513,016 17.54 to 11.25 22,059 1.74% 2.21% to 0.62% 2015.......................... 0.75% to 2.35% 1,702,881 17.16 to 11.26 24,410 2.10% (1.17)% to (2.76)% Premier Growth Equity V.I.S. Fund -- Class 1 Shares 2019.......................... 0.75% to 2.10% 961,517 32.25 to 28.92 29,439 0.00% 36.30% to 34.45% 2018.......................... 0.75% to 2.10% 1,101,406 23.66 to 21.51 24,920 0.13% (3.39)% to (4.72)% 2017.......................... 0.75% to 2.10% 1,281,157 24.49 to 22.58 30,374 0.31% 27.38% to 25.66% 2016.......................... 0.75% to 2.10% 1,481,093 19.23 to 17.97 27,772 0.49% 1.70% to 0.32% 2015.......................... 0.75% to 2.10% 1,661,850 18.90 to 17.91 30,959 0.46% 2.52% to 1.13% Real Estate Securities V.I.S. Fund -- Class 1 Shares 2019.......................... 0.75% to 2.95% 1,117,908 64.65 to 10.23 44,195 1.34% 25.20% to 4.81% 2018.......................... 0.75% to 2.55% 1,283,920 51.63 to 13.38 40,405 2.42% (6.42)% to (8.13)% 2017.......................... 0.75% to 2.55% 1,424,736 55.18 to 14.57 49,404 1.54% 5.05% to 3.15% 2016.......................... 0.75% to 2.55% 1,730,701 52.52 to 14.12 58,910 2.31% 7.19% to 5.26% 2015.......................... 0.75% to 2.55% 2,028,003 49.00 to 13.42 63,576 1.69% 3.78% to 1.90% S&P 500(R) Index V.I.S. Fund -- Class 1 Shares 2019.......................... 0.75% to 2.30% 4,407,259 26.62 to 24.94 151,071 1.32% 30.06% to 28.03% 2018.......................... 0.75% to 2.30% 4,870,590 20.47 to 19.48 130,223 1.64% (5.45)% to (6.93)% 2017.......................... 0.75% to 2.30% 5,498,219 21.65 to 20.93 158,837 1.76% 20.60% to 18.72% 2016.......................... 0.75% to 2.30% 6,092,527 17.95 to 17.63 147,455 1.87% 10.78% to 9.05% 2015.......................... 0.75% to 2.35% 6,549,734 16.21 to 14.81 145,375 2.15% 0.32% to (1.30)% Small-Cap Equity V.I.S. Fund -- Class 1 Shares 2019.......................... 1.15% to 2.30% 749,847 41.59 to 23.09 28,349 0.00% 24.67% to 23.22% 2018.......................... 1.15% to 2.30% 859,762 33.36 to 18.74 26,186 0.00% (10.74)% to (11.79)% 2017.......................... 1.15% to 2.30% 1,018,621 37.37 to 21.24 34,982 0.00% 11.42% to 10.12% 2016.......................... 1.15% to 2.30% 1,184,299 33.54 to 19.29 36,669 0.00% 22.34% to 20.93% 2015.......................... 1.15% to 2.30% 1,314,746 27.42 to 15.95 33,273 0.00% (5.23)% to (6.33)% Total Return V.I.S. Fund -- Class 1 Shares 2019.......................... 0.75% to 2.95% 39,064,565 21.84 to 10.24 751,079 2.30% 14.94% to 5.06% 2018.......................... 0.75% to 2.30% 42,795,149 19.00 to 13.74 721,183 2.16% (7.05)% to (8.51)% 2017.......................... 0.75% to 2.30% 45,934,260 20.45 to 15.02 841,510 2.01% 14.71% to 12.93% 2016.......................... 0.75% to 2.30% 48,464,940 17.82 to 13.30 782,552 1.87% 5.55% to 3.91% 2015.......................... 0.75% to 2.30% 51,257,510 16.89 to 12.80 791,790 1.68% (1.87)% to (3.41)%

F-92 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- ---------- -------------- ------- ---------- ------------------- Total Return V.I.S. Fund -- Class 3 Shares 2019............................ 1.45% to 2.95% 33,412,583 15.57 to 10.23 457,614 1.98% 13.89% to 4.80% 2018............................ 1.45% to 2.55% 38,387,797 13.67 to 10.79 467,141 1.79% (7.97)% to (9.00)% 2017............................ 1.45% to 2.55% 46,322,370 14.85 to 11.85 615,662 1.63% 13.60% to 12.33% 2016............................ 1.45% to 2.55% 56,704,147 13.07 to 10.55 668,174 1.52% 4.55% to 3.38% 2015............................ 1.45% to 2.55% 66,025,483 12.51 to 10.21 748,990 1.44% (2.77)% to (3.86)% U.S. Equity V.I.S. Fund -- Class 1 Shares 2019............................ 0.75% to 1.85% 811,378 28.06 to 25.86 21,421 0.64% 30.78% to 29.33% 2018............................ 0.75% to 1.85% 961,239 21.46 to 19.99 19,507 0.80% (4.13)% to (5.19)% 2017............................ 0.75% to 1.85% 1,122,669 22.38 to 21.09 23,908 0.75% 19.02% to 17.70% 2016............................ 0.75% to 1.85% 1,264,220 18.80 to 17.92 22,936 1.13% 8.49% to 7.29% 2015............................ 0.75% to 1.85% 1,586,449 17.33 to 16.70 27,033 1.04% (3.04)% to (4.11)% The Alger Portfolios Alger Large Cap Growth Portfolio -- Class I-2 Shares 2019............................ 1.15% to 1.60% 761,308 52.17 to 21.79 25,695 0.00% 25.97% to 25.40% 2018............................ 1.15% to 1.60% 948,595 41.41 to 17.38 24,702 0.00% 1.02% to 0.57% 2017............................ 1.15% to 1.60% 1,088,395 40.99 to 17.28 28,030 0.00% 26.99% to 26.42% 2016............................ 1.15% to 1.60% 1,231,571 32.28 to 13.67 25,240 0.00% (1.97)% to (2.41)% 2015............................ 1.15% to 1.60% 1,416,213 32.93 to 14.00 29,781 0.00% 0.55% to 0.09% Alger Small Cap Growth Portfolio -- Class I-2 Shares 2019............................ 1.15% to 1.60% 597,545 35.01 to 25.45 18,057 0.00% 27.85% to 27.27% 2018............................ 1.15% to 1.60% 721,107 27.39 to 20.00 17,042 0.00% 0.26% to (0.19)% 2017............................ 1.15% to 1.60% 846,955 27.31 to 20.04 20,024 0.00% 27.26% to 26.68% 2016............................ 1.15% to 1.60% 1,003,019 21.46 to 15.82 18,672 0.00% 5.02% to 4.55% 2015............................ 1.15% to 1.60% 1,128,630 20.44 to 15.13 20,045 0.00% (4.43)% to (4.86)% The Prudential Series Fund Jennison 20/20 Focus Portfolio -- Class II Shares 2019............................ 1.45% to 2.30% 134,065 42.95 to 24.21 5,309 0.00% 26.54% to 25.45% 2018............................ 1.45% to 2.30% 158,163 33.94 to 19.30 4,894 0.00% (7.10)% to (7.90)% 2017............................ 1.45% to 2.30% 184,615 36.54 to 20.95 6,143 0.00% 27.87% to 26.77% 2016............................ 1.45% to 2.30% 213,849 28.57 to 16.53 5,491 0.00% (0.23)% to (1.09)% 2015............................ 1.45% to 2.30% 241,257 28.64 to 16.71 6,242 0.00% 4.33% to 3.43% Jennison Portfolio -- Class II Shares 2019............................ 1.45% to 2.30% 130,384 45.65 to 29.66 5,678 0.00% 30.90% to 29.77% 2018............................ 1.45% to 2.30% 146,007 34.87 to 22.85 4,864 0.00% (2.62)% to (3.47)% 2017............................ 1.45% to 2.30% 163,659 35.81 to 23.67 5,576 0.00% 34.16% to 33.01% 2016............................ 1.45% to 2.30% 168,178 26.69 to 17.80 4,273 0.00% (2.72)% to (3.55)% 2015............................ 1.45% to 2.30% 267,063 27.44 to 18.45 7,026 0.00% 9.42% to 8.48%

F-93 GENWORTH LIFE & ANNUITY VA SEPARATE ACCOUNT 1 Notes to Financial Statements -- Continued December 31, 2019

Expense as a Net Investment % of Average Assets Income Net Assets (1) Units Unit Value 000s Ratio (2) Total Return (3) -------------- --------- -------------- ------ ---------- -------------------- Natural Resources Portfolio -- Class II Shares 2019......................... 1.45% to 2.95% 5,525,658 12.55 to 9.71 33,708 0.00% 8.66% to (5.94)% 2018......................... 1.45% to 2.55% 5,833,693 11.55 to 5.08 32,878 0.00% (19.61)% to (20.51)% 2017......................... 1.45% to 2.55% 4,833,745 14.37 to 6.39 34,397 0.00% (1.97)% to (3.06)% 2016......................... 1.45% to 2.55% 3,243,289 14.66 to 6.59 24,862 0.00% 23.02% to 21.65% 2015......................... 1.45% to 2.55% 2,722,626 11.92 to 5.42 17,314 0.00% (29.88)% to (30.67)% SP Prudential U.S. Emerging Growth Portfolio -- Class II Shares 2019......................... 1.55% to 1.55% 618 31.96 to 31.96 20 0.00% 35.04% to 35.04% 2018......................... 1.55% to 1.55% 653 23.67 to 23.67 15 0.00% (9.60)% to (9.60)% 2017......................... 1.55% to 1.55% 671 26.18 to 26.18 18 0.00% 20.06% to 20.06% 2016......................... 1.55% to 1.55% 686 21.81 to 21.81 15 0.00% 2.21% to 2.21% 2015......................... 1.55% to 1.55% 704 21.34 to 21.34 15 0.00% (4.24)% to (4.24)% Wells Fargo Variable Trust Wells Fargo VT Omega Growth Fund -- Class 2 2019......................... 1.45% to 1.95% 243,390 34.41 to 32.80 8,325 0.00% 35.06% to 34.37% 2018......................... 1.45% to 1.95% 272,196 25.48 to 24.41 6,896 0.00% (1.19)% to (1.69)% 2017......................... 1.45% to 1.95% 312,906 25.79 to 24.83 8,030 0.01% 32.65% to 31.98% 2016......................... 1.45% to 1.95% 121,717 19.44 to 18.81 2,358 0.00% (0.94)% to (1.44)% 2015......................... 1.45% to 1.95% 156,144 19.62 to 19.08 3,055 0.00% (0.13)% to (0.63)%

-------- (1)Expenses as a percentage of average net assets represent the annualized asset-based contract expenses of the Separate Account, consisting of mortality and expense risk charges, administrative expenses, and other rider charges for each period indicated. The ratios include only those expenses that result in a direct reduction to unit values. Charges made directly to the contract owner through the redemption of units and expenses of the underlying Portfolios are excluded. (2)The investment income ratio represents the ordinary dividends received by the subaccount from the Portfolio divided by average net assets. (3)The total return represents a range of minimum and maximum annual total returns for the year or lesser period indicated and includes deductions for expenses assessed through the daily unit value calculation. The total return does not include any expenses assessed through the redemption of units; inclusion of these expenses in the calculation would result in a reduction in the total return presented. Standardized total returns shown separately in a prospectus or marketing material for a product supported by the Separate Account include the maximum contract charges that may be assessed to any contract through both the daily unit value calculation and the redemption of units. Accordingly, these standardized total returns will generally reflect a lower return than the total return. (4)The ratios of expenses and net investment income to average net assets are annualized for periods less than a year. F-94 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY STATUTORY FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2019, 2018 AND 2017 (WITH INDEPENDENT AUDITORS' REPORT THEREON) GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Index to Statutory Financial Statements

PAGE ---- Independent Auditors' Report............................................... F-1 Statutory Statements of Admitted Assets, Liabilities and Capital and Surplus.................................................................. F-3 Statutory Statements of Summary of Operations.............................. F-5 Statutory Statements of Changes in Capital and Surplus..................... F-6 Statutory Statements of Cash Flow.......................................... F-7 Notes to Statutory Financial Statements.................................... F-9

[LOGO] KPMG KPMG LLP Suite 2000 1021 East Cary Street Richmond, VA 23219-4023 INDEPENDENT AUDITORS' REPORT The Board of Directors Genworth Life and Annuity Insurance Company: We have audited the accompanying financial statements of Genworth Life and Annuity Insurance Company, which comprise the statutory statements of admitted assets, liabilities, and capital and surplus as of December 31, 2019 and 2018, and the related statutory statements of summary of operations, changes in capital and surplus, and cash flow for each of the years in the three-year period ended December 31, 2019, and the related notes to the statutory financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with statutory accounting practices prescribed or permitted by the Virginia State Corporation Commission, Bureau of Insurance. Management is also responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditors' Responsibility Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditors' judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles As described in Note 1 to the financial statements, the financial statements are prepared by Genworth Life and Annuity Insurance Company using statutory accounting practices prescribed or permitted by the Virginia State Corporation Commission, Bureau of Insurance, which is a basis of accounting other than U.S. generally accepted accounting principles. Accordingly, the financial statements are not intended to be presented in accordance with U.S. generally accepted accounting principles. KPMG LLP is a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. [LOGO] KPMG The effects on the financial statements of the variances between the statutory accounting practices described in Note 1 and U.S. generally accepted accounting principles, although not reasonably determinable, are presumed to be material. Adverse Opinion on U.S. Generally Accepted Accounting Principles In our opinion, because of the significance of the variances between statutory accounting practices and U.S. generally accepted accounting principles discussed in the Basis for Adverse Opinion on U.S. Generally Accepted Accounting Principles paragraph, the financial statements referred to above do not present fairly, in accordance with U.S. generally accepted accounting principles, the financial position of Genworth Life and Annuity Insurance Company as of December 31, 2019 and 2018, or the results of its operations or its cash flows for each of the years in the three-year period ended December 31, 2019. Opinion on Statutory Basis of Accounting In our opinion, the financial statements referred to above present fairly, in all material respects, the admitted assets, liabilities, and capital and surplus of Genworth Life and Annuity Insurance Company as of December 31, 2019 and 2018, and the results of its operations and its cash flow for each of the years in the three-year period ended December 31, 2019, in accordance with statutory accounting practices prescribed or permitted by the Virginia State Corporation Commission, Bureau of Insurance described in Note 1. /s/ KPMG LLP Richmond, Virginia April 21, 2020 F-2 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Statutory Statements of Admitted Assets, Liabilities and Capital and Surplus December 31, 2019 and 2018 (Dollar amounts in millions, except per share amounts)

2019 2018 --------- --------- ADMITTED ASSETS Cash and invested assets: Bonds..................... $11,455.4 $11,329.0 Preferred stocks -- nonaffiliates........... 39.0 46.5 Common stocks -- affiliates.............. 413.0 180.4 Common stocks -- nonaffiliates........... 23.0 24.0 Mortgage loans............ 1,812.3 1,867.2 Real estate............... 12.5 12.1 Contract loans............ 494.7 507.5 Cash, cash equivalents and short-term investments............. 227.9 307.2 Other invested assets..... 71.8 84.0 Receivable for securities.............. 3.2 4.9 Derivative assets......... 80.7 42.3 Securities lending reinvested collateral.............. 17.7 24.0 --------- --------- Total cash and invested assets..... 14,651.2 14,429.1 Amounts recoverable from reinsurers and funds held....................... 465.5 471.4 Deferred tax asset........... 127.9 153.3 Guaranty funds receivable.... 7.6 7.4 Premiums and accounts receivable................. 479.4 492.4 Investment income due and accrued................ 133.7 131.5 Current Federal income tax recoverable............ -- 24.9 Other assets................. 18.0 23.0 Separate account assets...... 5,691.8 5,451.1 --------- --------- Total admitted assets.............. $21,575.1 $21,184.1 ========= =========

F-3 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Statutory Statements of Admitted Assets, Liabilities and Capital and Surplus -- Continued December 31, 2019 and 2018 (Dollar amounts in millions, except per share amounts)

2019 2018 --------- --------- LIABILITIES AND CAPITAL AND SURPLUS Liabilities Aggregate reserves -- life.................... $ 6,901.9 $ 7,188.3 Aggregate reserves -- annuity contracts....... 4,464.7 4,811.3 Aggregate reserves -- accident and health policies................ 1.0 1.3 Liability for deposit-type contracts............... 705.8 775.9 Liability for policy and contract claims..... 84.0 107.9 Policyholders dividends............... 0.3 0.3 Premiums and annuity considerations received in advance..... 6.5 6.5 Other amounts payable on reinsurance.......... 145.0 127.3 Interest maintenance reserve................. 34.0 25.0 Commissions payable....... 0.2 0.2 General expenses due or accrued.............. 1.2 1.5 Transfers to separate accounts due or accrued................. (13.6) (14.2) Taxes, licenses, and fees due or accrued..... 10.6 9.2 Current Federal income tax payable...... 47.8 -- Unearned investment income.................. 6.9 7.2 Amounts withheld or retained by company as agent or trustee..... 11.5 11.3 Remittances and items not allocated........... 21.5 22.0 Asset valuation reserve................. 112.8 75.2 Payable to parent, subsidiaries and affiliates.............. 7.3 4.6 Funds held under coinsurance and treaties with unauthorized reinsurers.............. 1,915.4 1,379.6 Payable for securities lending...... 17.7 24.0 Payable for securities.... 16.4 4.6 Derivative liabilities.... 0.1 -- Payable for collateral received from derivatives counterparties.......... 15.8 10.1 Separate account liabilities............. 5,691.8 5,451.1 --------- --------- Total liabilities..... 20,206.6 20,030.2 --------- --------- Capital and surplus: Common stock, Class A ($1,000 par value. 50,000 shares authorized; 25,651 shares issued and outstanding)............ 25.6 25.6 Paid in surplus........... 1,456.7 1,456.7 Unassigned deficit........ (113.8) (328.4) --------- --------- Total capital and surplus............. 1,368.5 1,153.9 --------- --------- Total liabilities and capital and surplus............. $21,575.1 $21,184.1 ========= =========

See accompanying notes to statutory financial statements. F-4 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Statutory Statements of Summary of Operations Years ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

2019 2018 2017 -------- -------- -------- Revenues: Premiums and annuity considerations.............. $ (901.0) $ 6.4 $ 520.7 Considerations for supplementary contracts with life contingencies............... 13.9 17.1 18.8 Net investment income......... 670.2 639.8 669.2 Commissions and expense allowances on reinsurance ceded........ 1,404.4 274.2 143.8 Reserve adjustments on reinsurance ceded........ (488.1) (11.4) (82.7) Income from fees associated with investment management, administration, and contract guarantees from separate accounts.................... 105.2 116.2 124.7 Other income.................. 25.7 29.2 28.5 -------- -------- -------- Total revenues............ 830.3 1,071.5 1,423.0 -------- -------- -------- Benefits: Death benefits................ 323.1 400.2 441.2 Matured endowments............ 1.5 3.0 2.4 Annuity benefits.............. 385.0 402.5 417.8 Disability benefits and benefits under accident and health policies.................... 4.3 3.9 4.1 Surrender benefits and other fund withdrawals................. 612.8 701.7 783.8 Payments on supplementary contracts with life contingencies............... 14.1 13.4 12.8 Interest and adjustments on contracts or deposit-type contract funds.............. 26.2 25.4 24.5 Increase (decrease) in aggregate reserves -- life, annuity and accident and health......... (633.3) (46.3) 233.2 -------- -------- -------- Total benefits............ 733.7 1,503.8 1,919.8 -------- -------- -------- Expenses: Commissions................... 115.5 124.5 188.6 General insurance expenses.................... 133.3 137.4 140.8 Insurance taxes, licenses, and fees, excluding Federal income taxes................ 29.0 25.4 25.3 Net transfer from separate accounts........... (470.8) (565.6) (607.7) Other expenses................ 63.9 57.1 (250.2) -------- -------- -------- Total expenses............ (129.1) (221.2) (503.2) -------- -------- -------- Total benefits and expenses............ 604.6 1,282.6 1,416.6 -------- -------- -------- Income (loss) before Federal income taxes and realized capital gains (losses), net........ 225.7 (211.1) 6.4 Federal income taxes............. 38.5 (18.8) 51.9 -------- -------- -------- Income (loss) before realized capital gains (losses)............. 187.2 (192.3) (45.5) Realized capital gains (losses), net.................. (1.4) (17.2) 13.4 -------- -------- -------- Net income (loss)............... $ 185.8 $ (209.5) $ (32.1) ======== ======== ========

See accompanying notes to statutory financial statements. F-5 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Statutory Statements of Changes in Capital and Surplus Years ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

COMMON STOCK ------------- PAID IN UNASSIGNED AMOUNT SHARES SURPLUS DEFICIT TOTAL ------ ------ -------- ---------- -------- Balances as of December 31, 2016...... $25.6 25,651 $1,456.7 $ 5.2 $1,487.5 Net loss.............. -- -- -- (32.1) (32.1) Change in net unrealized capital gains and losses.... -- -- -- (28.9) (28.9) Change in net deferred income taxes............... -- -- -- (128.1) (128.1) Change in nonadmitted assets.............. -- -- -- 39.3 39.3 Change in liability for reinsurance in unauthorized companies........... -- -- -- 0.3 0.3 Change in asset valuation reserve... -- -- -- 1.6 1.6 Change in surplus as a result of reinsurance......... -- -- -- (39.6) (39.6) Prior period correction -- universal life insurance reserves (see Note 1(v))..... -- -- -- (11.2) (11.2) ----- ------ -------- ------- -------- Balances as of December 31, 2017...... 25.6 25,651 1,456.7 (193.5) 1,288.8 Net loss.............. -- -- -- (209.5) (209.5) Change in net unrealized capital gains and losses.... -- -- -- (138.7) (138.7) Change in net unrealized foreign exchange capital gains and losses.... -- -- -- (0.5) (0.5) Change in net deferred income taxes............... -- -- -- 34.0 34.0 Change in nonadmitted assets.............. -- -- -- 13.1 13.1 Change in asset valuation reserve... -- -- -- 23.7 23.7 Change in surplus as a result of reinsurance......... -- -- -- 39.8 39.8 Special tax allocation agreement with Genworth............ -- -- -- 103.2 103.2 ----- ------ -------- ------- -------- Balances as of December 31, 2018...... 25.6 25,651 1,456.7 (328.4) 1,153.9 Net income............ -- -- -- 185.8 185.8 Change in net unrealized capital gains and losses.... -- -- -- 202.4 202.4 Change in net unrealized foreign exchange capital gains and losses.... -- -- -- 0.8 0.8 Change in net deferred income taxes............... -- -- -- 14.3 14.3 Change in nonadmitted assets.............. -- -- -- (44.5) (44.5) Change in asset valuation reserve... -- -- -- (37.6) (37.6) Change in surplus as a result of reinsurance......... -- -- -- (113.0) (113.0) Special tax allocation agreement with Genworth............ -- -- -- (7.8) (7.8) Prior period correction -- ceded premiums on term conversion policies (see Note 1(v))..... -- -- -- 14.2 14.2 ----- ------ -------- ------- -------- Balances as of December 31, 2019...... $25.6 25,651 $1,456.7 $(113.8) $1,368.5 ===== ====== ======== ======= ========

See accompanying notes to statutory financial statements. F-6 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Statutory Statements of Cash Flow Years ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

2019 2018 2017 -------- -------- -------- Cash flow from operations: Premiums collected net of reinsurance.................. $ 318.0 $ 30.6 $ 503.9 Net investment income................. 645.8 619.0 638.5 Miscellaneous income.................. 129.4 448.2 167.2 -------- -------- -------- Total cash provided from revenues................ 1,093.2 1,097.8 1,309.6 -------- -------- -------- Benefit and loss related payments.................... 1,248.5 1,445.1 1,565.3 Net transfers from separate, segregated accounts, and protected cell accounts............................ (471.4) (586.3) (615.5) Commissions, expenses paid, and aggregate write-ins for deductions.......................... 272.3 283.3 264.5 Federal income taxes paid, net of capital gains (losses)............................ (29.2) 6.3 16.4 -------- -------- -------- Total cash applied to benefits and general and other expenses..................... 1,020.2 1,148.4 1,230.7 -------- -------- -------- Net cash provided by (applied to) operations............... 73.0 (50.6) 78.9 -------- -------- -------- Cash flow from investments: Proceeds from investments sold, matured, or repaid: Bonds............................. 1,068.3 1,614.4 1,605.3 Stocks............................ 30.8 0.6 33.6 Mortgage loans.................... 146.2 210.9 135.5 Real estate....................... -- 0.2 -- Other invested assets.......................... 13.4 7.7 8.9 Miscellaneous proceeds........................ 23.4 49.9 102.9 -------- -------- -------- Total investment proceeds..................... 1,282.1 1,883.7 1,886.2 -------- -------- -------- Cost of investments acquired: Bonds............................. 1,085.4 1,663.3 1,393.6 Stocks............................ 46.7 8.5 11.8 Mortgage loans.................... 91.4 302.9 239.8 Real estate....................... 0.9 1.9 0.9 Other invested assets.......................... 0.5 0.1 10.0 Miscellaneous applications.................... 56.1 2.5 34.9 -------- -------- -------- Total investments acquired..................... 1,281.0 1,979.2 1,691.0 Net decrease in contract loans and premium notes....................... (13.2) (15.9) (11.8) -------- -------- -------- Net cash provided by (applied to) investments.............. 14.3 (79.6) 207.0 -------- -------- -------- Cash flow from financing and miscellaneous sources: Cash provided (applied): Net deposits on deposit-type contracts and other insurance liabilities..................... (195.7) 0.2 (165.5) Other cash provided (applied)....................... 29.1 77.2 (61.7) -------- -------- -------- Net cash provided by (applied to) financing and miscellaneous sources.................. (166.6) 77.4 (227.2) -------- -------- -------- Net change in cash, cash equivalents and short-term investments................. (79.3) (52.8) 58.7 Cash, cash equivalents and short-term investments: Beginning of year..................... 307.2 360.0 301.3 -------- -------- -------- End of year........................... $ 227.9 $ 307.2 $ 360.0 ======== ======== ========

F-7 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Statutory Statements of Cash Flow -- Continued Years ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

2019 2018 2017 --------- ------- ------- Supplemental information: Interest capitalization -- net investment income............... $ (11.3) $ (14.3) $ (17.6) Interest capitalization -- bond purchases....... (11.3) (14.3) (17.6) Securities exchanged -- bond proceeds..... (198.1) (143.2) (94.6) Securities exchanged -- bond purchases.... (198.1) (143.2) (94.6) Tax sharing agreement transfer of taxes payable -- taxes paid................. (0.7) (3.9) (8.1) Tax sharing agreement transfer of taxes payable -- stock proceeds............. (73.7) (231.0) (8.1) Tax sharing agreement transfer of taxes payable -- stock purchases............ (65.2) (330.3) -- Tax sharing agreement transfer of taxes payable -- special tax allocation agreement............ 7.8 (103.2) -- Reinsurance treaties -- premiums.......... 1,192.5 -- (36.2) Reinsurance treaties -- commissions ceded. (1,196.2) -- -- Reinsurance treaties -- benefits.......... 391.4 -- -- Reinsurance treaties -- bond purchases.... (82.9) -- (177.3) Reinsurance treaties -- funds withheld adjustment........... (470.6) -- -- Rivermont account value adjustment -- benefits and loss related payments..... -- (27.5) -- Rivermont account value adjustment -- stock purchases...... -- (27.5) -- Transfer from bonds to other invested assets -- bonds...... -- -- (4.0) Transfer from bonds to other invested assets -- other invested assets...... -- -- (4.0) Reinsurance treaties -- commissions....... -- -- (207.1) Reinsurance treaties -- mortgage loan purchases............ -- -- (48.7) Reinsurance treaties -- contract loans.... -- -- 14.9

See accompanying notes to statutory financial statements. F-8 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (1)CORPORATE STRUCTURE, BASIS OF PRESENTATION, AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (A) CORPORATE STRUCTURE Genworth Life and Annuity Insurance Company (the "Company" or "GLAIC") is a stock life insurance company operating under a charter granted by the Commonwealth of Virginia on March 21, 1871. The Company is licensed as a life insurer to do business in Bermuda, the District of Columbia and all states except for New York. The Company is wholly-owned by Genworth Life Insurance Company ("GLIC"), which is wholly-owned by Genworth North America Corporation ("GNA"), which is indirectly wholly-owned by Genworth Financial, Inc. ("Genworth"). The following are the Company's direct subsidiaries with percentage of ownership listed as of December 31, 2019:

2019 ----- Jamestown Life Insurance Company ("JLIC").............. 100.0% River Lake Insurance Company VI ("RLIC VI")............ 100.0 River Lake Insurance Company VII ("RLIC VII").......... 100.0 River Lake Insurance Company VIII ("RLIC VIII")........ 100.0 River Lake Insurance Company IX ("RLIC IX")............ 100.0 River Lake Insurance Company X ("RLIC X").............. 100.0 Rivermont Life Insurance Company I ("Rivermont")....... 100.0 GNWLAAC Real Estate Holding, LLC ("GNWLAAC RE")........ 100.0 Newco Properties, Inc. ("Newco")....................... 100.0 Assigned Settlement Inc. ("ASI")....................... 100.0 Genworth Life Insurance Company of New York ("GLICNY"). 34.5

As of December 31, 2019, GNWLAAC RE and ASI were unaudited and fully nonadmitted. On October 21, 2016, Genworth entered into an agreement and plan of merger (the "Merger Agreement") with Asia Pacific Global Capital Co., Ltd., a limited liability company incorporated in the People's Republic of China and a subsidiary of China Oceanwide Holdings Group Co., Ltd., a limited liability company incorporated in the People's Republic of China (together with its affiliates, "China Oceanwide"), and Asia Pacific Global Capital USA Corporation ("Merger Sub"), a Delaware corporation and a direct, wholly-owned subsidiary of Asia Pacific Insurance USA Holdings LLC ("Asia Pacific Insurance"), which is a Delaware limited liability company and owned by China Oceanwide, pursuant to which, subject to the terms and conditions set forth therein, Merger Sub would merge with and into Genworth with Genworth surviving the merger as a direct, wholly-owned subsidiary of Asia Pacific Insurance. Genworth and China Oceanwide remain committed to satisfying the closing conditions under the Merger Agreement as soon as possible. (B) NATURE OF BUSINESS The Company's principal products are life insurance and fixed deferred and immediate annuities. Life insurance products provide protection against financial hardship after the death of an insured. Deferred annuities are investment vehicles intended for contractholders who want to accumulate tax-deferred assets for retirement, desire a tax-efficient source of income and seek to protect against outliving their assets. Immediate annuities provide a fixed amount of income for either a defined number of years, the annuitant's lifetime or the longer of a defined number of years or the annuitant's lifetime. In March 2016, Genworth suspended sales of traditional life insurance and fixed annuity products; however, the Company continues to service its existing retained and reinsured blocks of business. The Company also has other products which have not been actively sold since 2011, but it continues to service its existing blocks of business. Those products include variable annuities, including group variable annuities offered through F-9 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) retirement plans; variable life insurance and funding agreements. Most of its variable annuities include guaranteed minimum death benefits ("GMDBs"). Some of the Company's group and individual variable annuity products include guaranteed minimum benefit features such as guaranteed minimum withdrawal benefits ("GMWBs") and certain types of guaranteed annuitization benefits. The Company previously distributed its products through an extensive network of independent brokerage general agencies throughout the United States and through financial intermediaries, insurance marketing organizations, independent broker/dealers, select banks and national brokerage and financial firms. (C) BASIS OF PRESENTATION The accompanying statutory financial statements of the Company have been prepared in conformity with accounting practices prescribed or permitted by the Virginia State Corporation Commission, Bureau of Insurance (the "Virginia Bureau"). These prescribed statutory accounting practices ("SAP") include a variety of publications of the National Association of Insurance Commissioners ("NAIC"), including Statements of Statutory Accounting Principles ("SSAP"), as well as state laws, regulations, and general administrative rules. Permitted statutory accounting practices encompass all accounting practices not so prescribed. The Company has no permitted accounting practices that vary from prescribed accounting. However, certain of the Company's subsidiaries have permitted practices granted by their respective state of domicile as described in Note 2(b). The preparation of financial statements requires management to make informed judgments and estimates that affect the reported amounts of assets and liabilities, including disclosure of contingent assets and liabilities, as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates include legal and regulatory reserves, certain investment and derivative valuations, future policy benefits and claims, provision for income taxes and valuation of deferred tax assets. Actual results could differ from those estimates. Certain prior year amounts may have been reclassified to conform to the current year presentation. (D) DIFFERENCES BETWEEN SAP AND U.S. GAAP The effects on the financial statements of the variances between SAP and U.S. generally accepted accounting principles ("U.S. GAAP"), although not reasonably determinable, are presumed to be material. The principal differences between SAP and U.S. GAAP include: . Investments in bonds and preferred stocks are generally carried at amortized cost under SAP. Under U.S. GAAP, investments in bonds and preferred stocks, other than those classified as held to maturity, are carried at fair value with changes recorded in accumulated other comprehensive income (loss) in the balance sheet if classified as available-for-sale securities or in the income statement if classified as trading securities. . The change in the unrealized gains or losses on certain investments is recorded as an increase or decrease in statutory surplus under SAP. Under U.S. GAAP, such unrealized gains and losses are recorded as a component of comprehensive income (loss). . Investments in subsidiaries are generally carried on a statutory equity basis with equity in the earnings of subsidiaries reflected in unassigned surplus. Under U.S. GAAP, controlled subsidiaries are consolidated and results of operations are included in net income (loss). . Under SAP, derivative instruments are valued consistently with hedged items. Derivatives are recorded at amortized cost if the hedged item is recorded at amortized cost. Derivatives are recorded at fair value and net income is adjusted for fair value changes, if the hedged item is also recorded at fair value. Derivative instruments that do not meet or no longer meet the criteria of a highly effective hedge ("non-qualifying derivatives") are recorded at fair value and the changes in fair value are recorded as unrealized gains and losses in statutory surplus. Under U.S. GAAP, derivatives F-10 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) are recorded at fair value and changes in fair value are recorded in accumulated other comprehensive income (loss) for qualified cash flow hedges or net income (loss) (with an offsetting change in value for changes in the hedged item) for qualified fair value hedges and non-qualifying derivatives. To the extent that hedging relationships are highly effective, the derivatives' impact on operations is limited to payments and receipts of periodic coupons. . Under SAP, embedded derivatives are carried consistently with the host instruments. Under U.S. GAAP, the embedded derivatives that are not clearly and closely related to the host are bifurcated and accounted for like any other free-standing derivative. . Interest maintenance reserve ("IMR") represents the deferral of interest related realized gains and losses, net of tax, on primarily fixed maturity investments and interest rate derivatives which are amortized into operations over the remaining life of the investment sold under SAP. No such reserve is required under U.S. GAAP. . Asset valuation reserve ("AVR") represents a contingency reserve for credit related risk on most invested assets of the Company, and is charged to statutory surplus under SAP. No such reserve is required under U.S. GAAP, but mortgage loans are recorded net of allowances for estimated uncollectible amounts. . Certain assets, principally furniture, equipment, prepaid expenses, agents' balances, and certain deferred tax assets have been designated as nonadmitted assets and excluded from assets by a charge to statutory surplus under SAP. Under U.S. GAAP, such amounts are carried with an appropriate valuation allowance, when necessary. . Intangible assets such as present value of future profits and other adjustments, resulting from the Company's acquisitions, are not recorded under SAP. Intangible assets such as goodwill are recorded under SAP and amortized. Under U.S. GAAP, the present value of future profits is recorded and amortized and goodwill is recorded at cost and tested for impairment using a fair value methodology at least annually. . Under SAP, a provision is established for unsecured reinsurance recoverable balances from unauthorized reinsurers. The change in this provision is credited or charged to unassigned statutory surplus. Under U.S. GAAP, a provision is established for uncollectible reinsurance balances with any changes to this provision reflected in operations for the period. . Under SAP, aggregate reserves for a majority of life insurance and fixed annuity products are based on statutory mortality and interest requirements without consideration for anticipated withdrawals. Variable annuity contracts are reserved for using a prescribed principles-based approach. Reserves for long-term care insurance ("LTC") are based on morbidity assumptions derived from the Company's experience. Under U.S. GAAP, reserves for term life insurance, life-contingent annuity, and LTC products are based on the present value of future benefits less the present value of future net premiums based on mortality, morbidity and other assumptions, which were appropriate at the time the policies were issued or acquired. Reserves for universal life insurance, term universal life insurance and non life-contingent annuity products are recognized by establishing a liability equal to the current account value of the policyholders' contracts, with an additional reserve for certain guaranteed benefits. . Reserves are reported net of ceded reinsurance under SAP. Under U.S. GAAP, reserves relating to business in which the ceding company is not legally relieved of its liability are reported gross with an offsetting reinsurance receivable. . Under SAP, certain annuity contracts which do not pass through all investment gains to the contractholders are maintained in the separate accounts, whereas U.S. GAAP reports these contracts in the general account of the Company. . Policy acquisition costs are expensed as incurred under SAP. Under U.S. GAAP, costs that are related to the successful acquisition of new and renewal insurance policies and investment contracts are deferred and recognized over either the expected premium paying period or the expected gross profits. . Under SAP, the cumulative effect of changes in accounting principles are recorded as increases or decreases in statutory surplus. Under U.S. GAAP, cumulative effects of changes in accounting principles generally affect equity and net loss. F-11 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) . Under SAP, premiums of universal life insurance and deferred annuity contracts, including policy charges, are recorded as revenue when received. Under U.S. GAAP, policy charges are recorded as revenue when due, and the premiums are recorded as policyholder account balances. . Under SAP, Federal income taxes are provided for in the Company's estimated current and deferred tax liability. Income taxes incurred include current year estimates of Federal income taxes due or refundable, based on tax returns for the current year and all prior years to the extent not previously provided. Deferred taxes are provided for differences between the financial statement basis and the tax basis of assets and liabilities. Changes in deferred tax assets ("DTA") and deferred tax liabilities ("DTL") are recognized as a separate component of gains and losses in statutory unassigned surplus, while under U.S. GAAP, these changes are included in income tax expense or benefit. Under U.S. GAAP and SAP, gross DTAs are reduced by a valuation allowance if it is more likely than not that some portion or all of the assets will not be realized. The remaining adjusted gross DTA not meeting certain criteria outlined in SSAP No. 101, Income Taxes, are not admitted for SAP. . The Statutory Statements of Cash Flow differs in certain respects from the presentation required by U.S. GAAP, including the presentation of the changes in cash, cash equivalents and short-term investments instead of cash and cash equivalents. Short-term investments include securities with maturities of one year or less at the time of acquisition. For statutory purposes, there is no reconciliation between net income (loss) and cash from operations. . SAP does not require the presentation of a Statement of Comprehensive Income; however, U.S. GAAP does require a Statement of Comprehensive Income. (E) RECOGNITION OF REVENUE AND RELATED EXPENSES Scheduled life and accident and health insurance premiums and annuity considerations are recognized as revenue when due. Premiums and fund deposits for universal life insurance and single premium contracts are recognized as revenue when collected. Benefits, surrenders and withdrawals are expensed as incurred. All acquisition costs and maintenance expenses are charged to operations as incurred. (F) INVESTMENTS Investments in bonds are generally stated at amortized cost except for bonds where the NAIC designation has fallen to six and the fair value has fallen below amortized cost, in which case they are carried at fair value. Amortization of mortgage-backed and asset-backed bonds is based on anticipated prepayments at the date of purchase with significant changes in estimated cash flows from original purchase assumptions recognized using a retrospective method. In applying the retrospective adjustment method, the Company elected to use the book value as of January 1, 1994 as the cost for securities purchased prior to January 1, 1994 where historical cash flows are not readily available. Amortization is accounted for using a method that approximates the scientific interest method. Prepayment assumptions for mortgage-backed and asset-backed bonds are based on internal estimates. Investments in common stocks of unaffiliated companies are carried at fair value. Investments in common stocks of subsidiary controlled and affiliated ("SCA") insurance companies are carried at the Company's proportionate share of the audited statutory capital and surplus of the entity. Noninsurance SCAs are carried at the U.S. GAAP equity of the investee, adjusted for unamortized goodwill. Changes in the proportionate share of equity of such subsidiaries are recorded as unrealized gains and losses. Dividends from subsidiaries are recorded as net investment income when paid. Investments in preferred stocks are carried at cost, except where the NAIC designation is four or below and the fair value has fallen below amortized cost, in which case it is carried at fair value. Investments in short-term investments (maturity dates of one year or less from the acquisition date) are stated at amortized cost, which approximates fair value due to their short-term maturity. Money market funds are stated at fair value and classified as cash equivalents. See Note 1(u). F-12 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The Company regularly evaluates securities, excluding loan-backed and structured securities, in an unrealized loss position for other-than-temporary impairments ("OTTI"). For these securities, the Company considers all available information relevant to the collectability of the securities, including information about past events, current conditions, and reasonable and supportable forecasts, when developing the estimate of cash flows expected to be collected. When it is determined that an impairment is other than temporary because the Company has made a decision to sell the security at an amount below its carrying value, or it is probable that the Company will not collect all amounts due based on the contractual terms of the security, the Company will recognize that an OTTI has occurred and record a realized loss equal to the difference between the security's carrying value and its fair value. For loan-backed and structured securities, the Company also utilizes performance indicators of the underlying assets including defaults or delinquency rates, loan to collateral value ratios, third-party credit enhancements, current levels of subordination, collateral vintage and other relevant characteristics of the underlying assets or the security to develop its estimate of cash flows. Estimating the expected cash flows is a quantitative and qualitative process that incorporates information received from third-party sources along with certain internal assumptions and judgments regarding the future performance of the underlying collateral. Where possible, this data is benchmarked against third-party sources. When it is determined that an impairment is other than temporary because it is probable that the Company will not collect all amounts due based on the contractual terms of the security, even if the Company has no intent to sell and has the intent and ability to hold to recovery, the Company will recognize a realized loss equal to the difference between the carrying value of the security and the present value of the expected cash flows. Under circumstances whereby the Company has the intent to sell or does not have the ability and intent to hold to recovery, the security is impaired to its fair value. In addition, for certain asset-backed securities in an unrealized loss position, management also evaluates whether it has the intent and ability to retain the investment for a period of time sufficient to recover the amortized cost basis. Investments in real estate are stated at depreciated cost. As of December 31, 2019 and 2018, the Company's investment in real estate consisted of properties occupied by the Company of $12.5 and $12.1, respectively. On October 16, 2018, the Company sold land located in Lynchburg, Virginia to the City of Lynchburg for a purchase price of $0.2. As a result of the sale, the Company recorded a de minimis gain. Newco, a noninsurance subsidiary, owns certain properties occupied by the Company and its affiliates. Mortgage loans are stated at principal amounts outstanding, net of premium and discount amortization. Interest on loans is recognized on an accrual basis at the applicable interest rate on the principal amount outstanding. Premiums and discounts are amortized as level yield adjustments over the respective loan terms. GNWLAAC RE, a noninsurance subsidiary, at times owns certain mortgage loans contributed by the Company. GNWLAAC RE will take possession of real estate through, or in lieu of, foreclosure on its loans. The transfers are recorded at the lower of book value or fair value at the date of transfer. Impaired loans are defined by SSAP No. 37, Mortgage Loans, as loans for which it is probable that the Company will be unable to collect all amounts due according to original contractual terms of the loan agreement. In determining whether it is probable that the Company will be unable to collect all amounts due, the Company considers current payment status, debt service coverage ratios, occupancy levels and current loan-to-value. For individually impaired loans, the Company records an impairment charge when it is probable that a loss has occurred. Impaired loans are carried on a non-accrual status. Loans are placed on non-accrual status when, in management's opinion, the collection of principal or interest is unlikely, or when the collection of principal or interest is 90 days or more past due. Income on impaired loans is not recognized until the loan is sold or the cash received exceeds the carrying amount recorded. Investments in joint ventures, partnerships or limited liability companies are stated based on the underlying audited U.S. GAAP equity adjusted for any unamortized goodwill. Changes in the proportionate share of these investments are recorded F-13 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) as unrealized gains and losses. The cost basis and carrying value of joint ventures and limited partnership investments are adjusted for impairments in value deemed to be other than temporary, with associated realized loss reported in net income (loss). Realized investment gains and losses, determined on a specific identification basis and recorded on the trade date, are reduced by amounts transferred to IMR and are reflected as an element of net income (loss), net of related tax. For bonds and preferred stocks carried at fair value, the difference between amortized cost and fair value is reflected as unrealized gains and losses on investments in unassigned surplus. Changes in fair values of common stocks and changes in statutory equity of subsidiaries are reflected as unrealized gains and losses on investments in unassigned surplus. The Company participates in a program managed by an unaffiliated financial institution in which it lends securities to brokers or other parties. The Company receives collateral for the loaned securities which can consist of cash or government securities, on a daily basis, in amounts equal to or exceeding 102% of the fair value of the applicable securities loaned. Currently, the Company only accepts cash collateral from borrowers under the program. The collateral is re-invested in short-term investments which are carried at amortized cost. Sales of securities to affiliates are considered economic transactions and are accounted for at fair value, with interest related gains and losses transferred to IMR. (G) FAIR VALUE MEASUREMENTS The Company holds certain long-term bonds, common stocks, derivatives, securities held as collateral, and separate account assets which are carried at fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect a view of market assumptions in the absence of observable market information. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. All assets carried or disclosed at fair value are classified and disclosed in one of the following three categories: . Level 1 -- Quoted prices for identical instruments in active markets. . Level 2 -- Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. . Level 3 -- Instruments whose significant value drivers are unobservable. Level 1 primarily consists of separate account assets and financial instruments whose value is based on quoted market prices such as actively traded equity securities and actively traded mutual fund investments. Level 2 includes those financial instruments that are valued using industry-standard pricing methodologies, models or other valuation methodologies. These models are primarily industry-standard models that consider various inputs, such as interest rate, credit spread and foreign exchange rates for the underlying financial instruments. All significant inputs are observable, or derived from observable information, in the marketplace or are supported by observable levels at which transactions are executed in the marketplace. Financial instruments in this category primarily include: certain public and private corporate bonds; government or agency securities; certain mortgage-backed and asset-backed securities; securities held as collateral; and certain non-exchange-traded derivatives such as interest rate swaps. Level 3 is comprised of financial instruments whose fair value is estimated based on industry-standard pricing methodologies and internally developed models utilizing significant inputs not based on, nor corroborated by, readily F-14 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) available market information. In limited instances, this category may also utilize non-binding broker quotes. This category primarily consists of certain less liquid bonds and preferred stocks, and certain derivative instruments where the Company cannot corroborate the significant valuation inputs with market observable data. As of each reporting period, all assets and liabilities recorded or disclosed at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability, such as the relative impact on the fair value from including a particular input. The Company reviews the fair value hierarchy classifications each reporting period. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers in and out of Level 3 at the beginning fair value for the reporting period in which the changes occur. The valuation of financial futures is based on the closing exchange prices. Accordingly, these financial futures are classified as Level 1. The valuation of equity index options is determined using an income approach. The primary inputs into the valuation are forward interest rate volatility and a time value component associated with the optionality in the derivative, which are considered significant unobservable inputs in most instances. The equity index volatility surface is determined based on market information that is not readily observable and is developed based upon inputs received from several third-party sources. Accordingly, these options are classified as Level 3. The valuation of cross currency swaps is determined using an income approach. The primary inputs into the valuation represent the forward interest rate swap curve and foreign currency exchange rates, both of which are considered an observable input, and results in the derivative being classified as Level 2. The fair value of the majority of separate account assets is based on the quoted price of the underlying fund investments and, therefore, represents Level 1 pricing. The remaining separate account assets represent Level 2 and 3 pricing, as defined above. (H) INVESTMENT INCOME DUE AND ACCRUED Accrued investment income consists primarily of interest and dividends. Interest is recognized on an accrual basis and dividends are recorded as earned on the ex-dividend date. Due and accrued income is not recorded on: (a) bonds in default and (b) bonds delinquent more than 90 days or where collection of interest is improbable. As of December 31, 2019 and 2018, the Company's nonadmitted investment income due and accrued was zero. (I) NONADMITTED ASSETS Certain assets, principally furniture, equipment, agents' debit balances, certain amounts related to investments in or near default, prepaid expenses, and certain deferred income tax assets have been designated as nonadmitted assets and are excluded from assets by a charge to statutory surplus. Changes in these nonadmitted assets are presented as changes in unassigned surplus. (J) AGGREGATE RESERVES AND LIABILITY FOR DEPOSIT-TYPE CONTRACTS Policy reserves on annuity and supplementary contracts are calculated using the Commissioners' Annuity Reserve Valuation Method, except variable annuities which use the Commissioners' Annuity Reserve Valuation Method for Variable Annuities. The valuation interest assumptions follow the Standard Valuation Law and vary by the contracts' characteristics and their issue year. F-15 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) Policy reserves on life insurance contracts are based on statutory mortality and valuation interest rates using the Commissioner's Reserve Valuation Method without consideration of withdrawals. The valuation interest and mortality assumptions follow the Standard Valuation Law and vary by the contracts' characteristics and their issue year. Valuation methods provide, in the aggregate, reserves that are greater than or equal to the minimum guaranteed policy cash values or the amount required by law. Accident and health benefit reserves are developed by actuarial methods and are determined based on published tables using specified statutory interest rates and mortality. Morbidity assumptions are based on Company experience. Liability for deposit-type contracts represents contracts without significant mortality or morbidity risk. Payments received from sales of deposit-type contracts are recognized by providing a liability equal to the current value of the policyholders' contracts. Interest rates credited to these contracts are based on the applicable terms of the respective contract. (K) LIABILITY FOR POLICY AND CONTRACT CLAIMS The liability for policy and contract claims represents the amount needed to provide for the estimated cost of settling due and unpaid claims relating to insured events that have occurred on or before the end of the respective reporting period. The estimated liability includes requirements for payments of claims that have been reported to the insurer, and claims related to insured events that have occurred but that have not been reported to the insurer as of the date the liability is estimated. Management considers the liability for policy and contract claims provided to be satisfactory to cover the losses that have occurred. Management monitors actual experience, and where circumstances warrant, will revise its assumptions. The methods of determining such estimates and establishing the liability are reviewed continuously and any adjustments are reflected in operations in the period in which they become known. Future developments may result in losses greater or less than the liability for policy and contract claims provided. (L) INTEREST MAINTENANCE RESERVE IMR represents the deferral of interest-related realized capital gains and losses, net of tax, on primarily fixed maturity investments and interest rate derivatives. These gains and losses are amortized into income (loss) on a level yield method, based on statutory factor tables over the estimated remaining life of the investment sold or called. (M) ASSET VALUATION RESERVE AVR is a contingency reserve for credit-related losses on most investments and is recorded as a liability through a charge to statutory surplus. The reserve is calculated based on credit quality using factors provided by the NAIC. (N) FEDERAL INCOME TAXES The Company determines DTAs and/or DTLs by multiplying the differences between the statutory financial reporting and tax reporting bases for assets and liabilities by the enacted tax rates expected to be in effect when such differences are recovered or settled if there is no change in law. The effect on deferred taxes of a change in tax rates is recognized in unassigned deficit in the period that includes the enactment date. Valuation allowances on DTAs are estimated based on the Company's assessment of the realizability of such amounts. F-16 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (O) REINSURANCE Premiums, commissions, expense reimbursement, claim, and claim adjustment expenses related to reinsured business are accounted for on a basis consistent with that used in accounting for the original policies issued and with the terms of the reinsurance contracts and are reported net of amounts ceded to other companies. A liability has been provided for unsecured policy reserves on reinsurance ceded to companies not authorized to assume business in the state of domicile and is included in funds held under reinsurance treaties with unauthorized companies. Changes in this liability are reported directly in unassigned surplus. Policy and contract liabilities ceded have been reported as reductions to the related reserves. (P) GUARANTY ASSOCIATION ASSESSMENTS The Company is required by law to participate in the guaranty associations of the various states in which it is licensed to do business. The state guaranty associations ensure payment of guaranteed benefits, with certain restrictions, to policyholders of impaired or insolvent insurance companies by assessing all other companies involved in similar lines of business. See Note 7(b). (Q) ELECTRONIC DATA PROCESSING ("EDP") EQUIPMENT AND SOFTWARE EDP equipment and operating software are admitted assets to the extent they do not exceed 3% of capital and surplus (as adjusted for certain fixed assets and intangible assets) and are depreciated over three years on a straight line basis. As of December 31, 2019 and 2018, EDP equipment and operating software and non-operating software totaled $8.1 and $10.0, respectively. For the years ended December 31, 2019, 2018 and 2017, total depreciation expense for EDP equipment and operating software and non-operating software was $4.1, $5.7, and $8.0, respectively. Of these amounts, $0.5, $0.3 and $0.2 were related to EDP equipment and operating software as of December 31, 2019, 2018 and 2017, respectively. As of December 31, 2019 and 2018, total accumulated depreciation totaled $125.9 and $123.1, respectively, inclusive of $0.3 and $0.5, respectively, related to EDP equipment and operating software. (R) DERIVATIVE INSTRUMENTS Derivative instruments used in hedging transactions that meet the criteria of a highly effective hedge are valued and reported consistently with the hedged items. Derivative instruments used in hedging transactions that do not meet or no longer meet the criteria of an effective hedge shall be valued at fair value with the changes in fair value recorded as unrealized gains and losses in statutory surplus. The Company uses cross currency swaps, equity index options, and financial futures for hedging. Interest rate futures are used to reduce market risks from changes in interest rates and to alter interest rate exposures arising from mismatches between assets and liabilities. Equity index options and equity futures are used to hedge the equity market risks that are part of some of the Company's annuity liabilities. The Company uses cross currency swaps to reduce market risks from changes in foreign currency rates and to alter interest rate exposure arising from mismatches between assets and liabilities. In a cross currency swap transaction, the Company agrees with another party to exchange, at specified intervals, the difference between one currency and another at a forward exchange rate calculated by reference to an agreed upon principal amount. The principal amount of each currency is exchanged at the inception and termination of the currency swap by each party. Cross currency swaps that qualify for hedge accounting are carried at amortized cost while non-qualifying equity options and financial futures are carried at fair value with changes in fair value recorded in statutory surplus. Realized F-17 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) investment gains and losses from derivatives that qualify for hedge accounting are reduced by amounts transferred to IMR and are reflected as an element of investment income, net of investment and interest expenses. Any fees associated with swaps are held in surplus and the full fee amount will be recognized in income at the time of termination. (S) EXPERIENCE REFUNDS Experience refunds are calculated in accordance with the applicable reinsurance agreements. Experience refunds are primarily determined by claims experience on the ceded blocks, in addition to numerous factors that include profitability of the Company during the period covered by the refund and capitalization levels of the Company. (T) GOING CONCERN As of December 31, 2019, the Company's management does not have any doubts about the Company's ability to continue as a going concern. (U) ACCOUNTING CHANGES In November 2018, the NAIC adopted revisions to SSAP No. 51R, Life Contracts, SSAP No. 52, Deposit-Type Contracts, and SSAP No. 61R, Life, Deposit-Type and Accident and Health Reinsurance, which were effective on December 31, 2019 and applied on a prospective basis. The revisions added product level granularity to the existing disclosures for annuity actuarial reserves and deposit-type liabilities by withdrawal characteristics, and added similar disclosures to life products. These revisions did not have an impact on the Company's financial statements; however, revised or new disclosures were included in Note 3. In February 2018, the NAIC's Statutory Accounting Principles Working Group ("SAPWG") issued guidance on accounting for the Tax Cuts and Jobs Act ("TCJA") regarding a limited scope exception to SSAP No. 9, Subsequent Events. In this guidance, the SAPWG adopted many of the provisions issued by the U.S. Securities Exchange Commission in Staff Accounting Bulletin 118 with regard to estimates under the TCJA. For items under the TCJA that were complete, the Company reflected the income tax effects in its 2017 statutory financial statements. Reasonable estimates updated and/or established after the issuance of the 2017 statutory financial statements but before the issuance of the year end 2017 audited statutory financial statements, were not recognized as Type I subsequent events. Instead, these changes, as well as future changes in estimates shall be recognized as a change in accounting estimate, pursuant to SSAP No. 3, Accounting Changes and Corrections of Errors, when the information necessary to update the estimate becomes available. In May 2018, the NAIC adopted revisions to SSAP No. 101 which were effective upon adoption. See Note 6 for additional discussion. In November 2017, the NAIC adopted substantive revisions to SSAP No. 100R, Fair Value, which were effective on January 1, 2018 and applied on a prospective basis. These revisions allow the use of net asset value ("NAV") per share as a practical expedient for fair value and added disclosures to identify assets valued using NAV. These revisions did not have an impact on the Company's financial statements; however, additional disclosures were included in Note 13. In August 2017, the NAIC adopted modifications to SSAP No. 1, Accounting Policies, Risks & Uncertainties, and Other Disclosures, which were effective upon adoption and applied on a prospective basis. These modifications clarify that cash equivalents and short-term investments are reported in the restricted asset disclosures. These modifications did not have an impact on the Company's financial statements or disclosures. In April 2017, the NAIC adopted modifications to SSAP No. 30, Unaffiliated Common Stock, SSAP No. 48, Joint Ventures, Partnerships and Limited Liability Companies, and SSAP No. 97, Investments in Subsidiary, Controlled and Affiliated Entities as they relate to ASU 2016-07, Simplifying the Transition to the Equity Method of Accounting, which were effective on January 1, 2017 and applied on a prospective basis. These modifications included the definition of control and provided guidance as to when an investment qualified (or no longer qualifies) for the equity method of accounting. These F-18 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) modifications further specified that when the level of investment in a SCA entity fell below the level of control, defined as the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of the investee in SSAP No. 97, the reporting entity should discontinue the use of the equity method of accounting. When an entity becomes qualified to use the equity method of accounting, the entity should add the cost of acquiring the additional interest in the investee to the current basis of the previously held interest and apply the equity method of accounting, prospectively. The Company has adopted these modifications, which did not have an impact on the Company's financial statements. In June 2017, the NAIC adopted modifications to SSAP No. 37, which were effective upon adoption and applied on a prospective basis. These modifications clarify that a reporting entity providing a mortgage loan as a "participant in a mortgage loan agreement," should consider the mortgage loan in the scope of SSAP No. 37. Specifically, in addition to mortgage loans directly originated, a mortgage loan also includes mortgages acquired through assignment, syndication or participation. These modifications also clarify the impairment assessment and incorporate new disclosures for these types of mortgage loans to identify mortgage loans in which the insurer is a participant or co-lender. These modifications did not have an impact on the Company's financial statements; however, additional disclosures were included in Note 2(c). In March 2017, the NAIC adopted revisions to SSAP No. 35R, Guaranty Fund and Other Assessments, which were effective on January 1, 2017 and applied on a prospective basis. The revisions allow for the discounting of liabilities for guaranty funds and the related assets recognized from accrued and paid liability assessments from insolvencies of entities that wrote LTC contracts and required new disclosures. These revisions did not have an impact on the Company's financial statements; however, additional disclosures were included in Note 7. In December 2016, the NAIC adopted substantive revisions to SSAP No. 2R, Cash, Cash Equivalents, Drafts and Short-Term Investments, which were effective on December 31, 2017 and applied on a prospective basis. These revisions reclassified money market mutual funds from short-term investments to cash equivalents and required that money market mutual funds be valued at fair value or net asset value as a practical expedient. These revisions did not have a significant impact on the Company's capital and surplus, with the only impact being the exclusion of money market mutual funds from the calculation of AVR under the revised guidance. In November 2016, the NAIC adopted modifications to SSAP No. 56, Separate Accounts, which were effective on December 31, 2017 and applied on a prospective basis. These revisions removed disclosures related to total maximum guarantees. These modifications did not have an impact on the Company's financial statements; however, disclosures were removed from Note 10. In June 2016, the NAIC adopted SSAP No. 103R, Transfers and Servicing of Financial Assets and Extinguishments of Liabilities, which were effective on January 1, 2017 and applied on a prospective basis. These modifications added accounting guidance for short sales and required new disclosures about short sale transactions. This adoption did not have an impact on the Company's financial statements. In August 2016, the NAIC adopted substantive revisions to SSAP No. 51R to incorporate references to the Valuation Manual and to facilitate the implementation of Principle-Based Reserves, which were effective on January 1, 2017. For life insurance policies issued during 2017 through 2019, the first three years following the operative date of the Valuation Manual, the Valuation Manual allows companies to continue using the current reserve methodologies. The Company elected the three-year phased in approach with the first year of impact in the financial statements for the year ending December 31, 2020; therefore, there was no impact on the Company's financial statements in 2017, 2018, or 2019. In June 2016, the NAIC adopted modifications to SSAP No. 26R, Bonds, and SSAP No. 43R, Loan-backed and Structured Securities, which were effective on January 1, 2017 and applied on a prospective basis. These modifications clarified that the amount of prepayment penalties or acceleration fees reported as investment income should equal the total proceeds received less the par value of the investment; and any difference between the carrying value and the par value at the time of disposal should be reported as realized capital gains and losses. These modifications also added specific disclosures F-19 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) related to securities sold, redeemed or otherwise disposed of as a result of a callable feature. These modifications did not have a significant impact on the Company's financial statements; however, additional disclosures were included in Note 2(e). In April 2016, the NAIC adopted substantive revisions to SSAP No. 41R, Surplus Notes, which were effective on January 1, 2017 and applied on a prospective basis. These revisions required that the surplus notes with a designation equivalent to NAIC 1 or NAIC 2 be reported at amortized cost and all other surplus notes be reported at the lesser of amortized cost or fair value. The revisions also incorporated guidance to clarify when surplus notes shall be nonadmitted, have an unrealized loss, and undergo an OTTI assessment. These revisions did not have an impact on the Company's financial statements. (V) CORRECTIONS OF ERRORS During 2019, the Company recorded a prior period correction related to ceded reinsurance premiums on term conversion policies. To record this correction, the Company increased amounts recoverable from reinsurers and funds held by $18.0 and decreased net deferred tax assets by $3.8 with an offsetting increase of $14.2 to unassigned surplus, in accordance with SSAP No. 3. During 2017, the Company recorded a prior period correction related to Actuarial Guideline XXXVIII ("AG38") part 8D reserves for lapse assumptions on certain of its universal life insurance products with secondary guarantees. To record this correction, the Company increased the aggregate reserves for life contracts by $17.2 and net deferred tax assets by $6.0, with an offsetting decrease of $11.2 to unassigned surplus as of January 1, 2017, in accordance with SSAP No. 3. (2)INVESTMENTS (A) BONDS AND PREFERRED AND COMMON STOCKS As of December 31, 2019 and 2018, the carrying value, gross unrealized gains and losses, and fair value of the Company's bonds and preferred and common stocks, excluding stocks of affiliates, were as follows:

2019 ------------------------------------------------------- GROSS GROSS UNREALIZED GAINS UNREALIZED LOSSES ---------------- ----------------- CARRYING NOT NOT VALUE OTTI OTTI OTTI OTTI FAIR VALUE --------- -------- ---- ------ ---- ---------- Bonds: U.S. government and U.S. government agencies............ $ 545.7 $ 143.4 $ -- $ -- $-- $ 689.1 All other governments. 108.3 20.4 -- -- -- 128.7 States, territories, and possessions..... 140.8 24.7 -- -- -- 165.5 Special revenue and special assessment obligations......... 389.9 66.0 -- (0.2) -- 455.7 Industrial and miscellaneous....... 7,830.4 957.5 -- (5.5) -- 8,782.4 Residential mortgage-backed..... 735.7 70.9 0.5 (0.3) -- 806.8 Commercial mortgage-backed..... 837.3 36.9 -- (1.7) -- 872.5 Other asset-backed structured securities.......... 801.6 7.4 -- (2.0) -- 807.0 Hybrids............... 65.7 8.8 -- -- -- 74.5 --------- -------- ---- ------ --- --------- Total bonds....... 11,455.4 1,336.0 0.5 (9.7) -- 12,782.2 Preferred and common stocks -- nonaffiliates 62.0 1.8 -- (0.4) -- 63.4 --------- -------- ---- ------ --- --------- Total bonds and preferred and common stocks....... $11,517.4 $1,337.8 $0.5 $(10.1) $-- $12,845.6 ========= ======== ==== ====== === =========

F-20 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

2018 ------------------------------------------------------ GROSS GROSS UNREALIZED GAINS UNREALIZED LOSSES ---------------- ---------------- CARRYING NOT NOT FAIR VALUE OTTI OTTI OTTI OTTI VALUE --------- ------ ---- ------- ----- --------- Bonds: U.S. government and U.S. government agencies............ $ 611.0 $ 84.3 $ -- $ (6.7) $ -- $ 688.6 All other governments. 118.9 8.4 -- (1.7) -- 125.6 States, territories, and possessions..... 153.5 15.5 -- (0.2) -- 168.8 Special revenue and special assessment obligations......... 361.7 39.3 -- (1.0) -- 400.0 Industrial and miscellaneous....... 7,800.8 284.9 -- (247.8) -- 7,837.9 Residential mortgage-backed..... 847.9 56.5 0.5 (6.5) -- 898.4 Commercial mortgage-backed..... 820.8 8.8 -- (18.7) -- 810.9 Other asset-backed structured securities.......... 538.5 2.8 -- (4.6) -- 536.7 Hybrids............... 75.9 0.8 -- (3.3) (0.9) 72.5 --------- ------ ---- ------- ----- --------- Total bonds....... 11,329.0 501.3 0.5 (290.5) (0.9) 11,539.4 Preferred and common stocks -- nonaffiliates 70.5 0.6 -- (2.2) -- 68.9 --------- ------ ---- ------- ----- --------- Total bonds and preferred and common stocks....... $11,399.5 $501.9 $0.5 $(292.7) $(0.9) $11,608.3 ========= ====== ==== ======= ===== =========

Gross unrealized losses in the tables above include declines in the fair value of certain bonds below carrying value, where an OTTI has not occurred as the Company does not intend to sell, has the intent and ability to retain the investment for a period of time sufficient to recover the entire amortized cost basis of the investment and otherwise expects to recover the entire amortized cost basis of the investment. In addition, gross unrealized losses include declines in the fair value below the carrying value for certain bonds that have been other-than-temporarily impaired and were written down to their discounted estimated future cash flows, which were greater than their fair value, as the Company does not expect to recover the entire amortized cost basis of these bonds based on its estimate of future cash flows to be collected, despite not having the intent to sell and having the intent and ability to retain the investment for a period of time sufficient to recover the amortized cost basis. Furthermore, there were no unrealized losses on bonds where carrying value equaled fair value as of December 31, 2019 and 2018. As of December 31, 2019, the scheduled contractual maturity distribution of the bond portfolio was as follows:

2019 ------------------------- CARRYING VALUE FAIR VALUE -------------- ---------- Due in one year or less.................. $ 226.8 $ 228.7 Due after one year through five years.... 1,517.2 1,594.4 Due after five years through ten years... 1,807.6 1,975.3 Due after ten years...................... 5,529.2 6,497.5 --------- --------- Subtotals............................. 9,080.8 10,295.9 Residential mortgage-backed.............. 735.7 806.8 Commercial mortgage-backed............... 837.3 872.5 Other asset-backed structured securities. 801.6 807.0 --------- --------- Totals................................ $11,455.4 $12,782.2 ========= =========

Actual and expected maturities may differ from scheduled contractual maturities because issuers of securities may have the right to call or prepay obligations with or without call or prepayment penalties. F-21 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) As required by law, the Company has investments on deposit with governmental authorities and banks for the protection of policyholders with a statement value of $7.7 as of December 31, 2019 and 2018. As of December 31, 2019 and 2018, approximately 68.4% and 68.9%, respectively, of the Company's long-term bond portfolio was composed of security issues in the industrial and miscellaneous category. The vast majority of which are rated investment grade and are senior secured bonds. The Company's portfolio is widely diversified among various geographic regions in the United States, and is not dependent on the economic stability of one particular region. As of December 31, 2019 and 2018, the Company did not hold any investments in any single issuer, other than securities issued or guaranteed by the U.S. government or money market securities, which exceeded 10% of capital and surplus, except for its investment in Rivermont of $198.9 as of December 31, 2019. The credit quality mix of the bond portfolio as of December 31, 2019 and 2018 was as follows. The quality ratings represent NAIC designations.

2019 2018 ---------------- ---------------- CARRYING CARRYING VALUE PERCENT VALUE PERCENT --------- ------- --------- ------- Class 1 -- highest quality.... $ 6,234.2 54.4% $ 6,043.3 53.3% Class 2 -- high quality....... 4,826.1 42.1 4,816.3 42.5 Class 3 -- medium quality..... 366.5 3.2 428.2 3.8 Class 4 -- low quality........ 28.4 0.3 40.0 0.4 Class 5 -- lower quality...... -- -- 1.0 -- Class 6 -- in or near default. 0.2 -- 0.2 -- --------- ----- --------- ----- Totals..................... $11,455.4 100.0% $11,329.0 100.0% ========= ===== ========= =====

Bonds with ratings categories ranging from AAA/Aaa to BBB/Baa, as assigned by a rating service such as Standard & Poor's Financial Services LLC or Moody's Investors Service, Inc., are generally regarded as investment grade securities. Some agencies and treasuries (that is, those securities issued by the U.S. government or an agency thereof) are not rated, but all are considered to be investment grade securities. The NAIC regards agencies and treasuries and all A ratings as Class 1 (highest quality), BBB/Baa ratings as Class 2 (high quality), BB/Ba ratings as Class 3 (medium quality), B ratings as Class 4 (low quality), CCC/Caa ratings as Class 5 (lower quality), and CC/Ca or below ratings as Class 6 (in or near default). There were no bonds in default as of December 31, 2019 and 2018. (B) COMMON STOCKS OF AFFILIATES The Company's investment in common stocks of affiliates as of December 31, 2019 and 2018 included its proportionate ownership percentage as disclosed in Note 1(a), except as disclosed below. The following tables summarize data from the statutory financial statements of the Company's insurance company subsidiaries as of and for the years ended December 31, 2019, 2018 and 2017:

GLICNY JLIC RIVERMONT RLIC VI/1/ RLIC VII/1/ RLIC VIII/1/ RLIC IX/1/ RLIC X/1/ -------- ------ --------- ---------- ---------- ----------- --------- -------- 2019 Total admitted assets.... $7,604.8 $131.2 $514.6 $1,376.7 $143.4 $341.0 $ 0.3 $275.6 Total liabilities........ 7,288.1 67.4 0.7 1,313.8 129.9 306.1 -- 255.2 Total capital and surplus 316.7 63.8 513.9 62.9 13.5 34.9 0.3 20.4 Net income (loss)........ 82.0 2.7 386.0 (347.1) 6.0 5.4 (9.3) (5.2)

F-22 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

GLICNY JLIC RIVERMONT RLIC VI/1/ RLIC VII/1/ RLIC VIII/1/ RLIC IX/1/ RLIC X/1/ -------- ------ --------- --------- ---------- ----------- --------- -------- 2018 Total admitted assets.... $7,664.4 $128.3 $606.8 $270.0 $156.7 $333.6 $255.7 $246.6 Total liabilities........ 7,430.6 67.7 486.5 252.6 141.7 302.9 241.7 227.3 Total capital and surplus 233.8 60.6 120.3 17.4 15.0 30.7 14.0 19.3 Net income (loss)........ (56.0) 4.9 (1.3) 547.9 (0.7) (2.8) 528.8 447.8 2017 Total admitted assets.... $7,985.9 $128.7 $594.3 $863.9 $169.4 $321.8 $822.9 $703.0 Total liabilities........ 7,697.5 68.8 471.7 831.8 151.7 290.2 809.0 676.1 Total capital and surplus 288.4 59.9 122.6 32.1 17.7 31.6 13.9 26.9 Net income (loss)........ (168.1) (0.6) (8.1) (10.1) 13.8 8.0 4.6 (44.1)

-------- 1 As of December 31, 2019 and 2018, the Company carried its investment in the subsidiary at zero as it had an unassigned deficit, excluding the special surplus funds. As of December 31, 2019 and 2018, the Company's investment in GLICNY was $109.2 and $80.7, respectively, and in JLIC was $63.8 and $60.5, respectively. As of December 31, 2019, the Company's investment in Rivermont was $198.9 as it had unassigned surplus, excluding surplus notes outstanding, after the recapture of the reinsurance business in 2019. See Note 8 for additional information. As of December 31, 2018, the Company did not record an investment in Rivermont as it had an unassigned deficit, excluding surplus notes outstanding. Rivermont had no permitted practices. During 2019, 2018 and 2017, RLIC VII and RLIC VIII had a permitted practice from the Vermont Department of Financial Regulation (the "Vermont Department") to carry their reserves on a U.S. GAAP basis, pursuant to section 6048K(a)(2) of the Vermont Insurance Code. On January 1, 2018, RLIC IX and RLIC X were granted the same permitted practice as RLIC VII and RLIC VIII. The difference between reserves under NAIC SAP and the permitted practice reserves held by these companies flows through special surplus funds, rather than through the unassigned deficit. In addition, effective December 1, 2019, the Company recaptured all of the term life insurance business from RLIC IX. See Note 8. Prior to January 1, 2018, RLIC IX and RLIC X had a permitted practice from the Vermont Department to record an excess of loss ("XOL") reinsurance agreement with Canada Life Assurance Company ("Canada Life") and Hannover Life Reassurance Company of America ("Hannover"), respectively, as a gross admitted asset and as paid in surplus. Effective January 1, 2018, RLIC IX and RLIC X each withdrew this permitted practice. Effective June 1, 2018, RLIC VI had a permitted practice (the "RLIC VI Term Life Permitted Practice") from the Delaware Department of Insurance (the "Delaware Department") to carry its term life reserves on a U.S. GAAP basis. The difference between reserves under NAIC SAP and the permitted practice reserve held by RLIC VI flows through special surplus funds, rather than through the unassigned deficit. RLIC VI also requested and was subsequently granted effective December 1, 2019, an extension of the Delaware Department's previous approval of the RLIC VI Term Life Permitted Practice to include additional term life insurance policies assumed from the Company in 2019. See Note 8. Prior to June 1, 2018, RLIC VI had a permitted practice from the Delaware Department to record an XOL reinsurance agreement with Canada Life as a gross admitted asset and as paid in surplus. Effective June 1, 2018, RLIC VI withdrew this permitted practice. Effective December 1, 2019, RLIC VI entered into an XOL reinsurance agreement (the "New RLIC VI XOL Treaty") with Canada Life, operating through its Barbados branch and the Company. The Company requested and was subsequently granted effective December 1, 2019, a permitted practice (the "New Universal Life Permitted Practice") from the Delaware Department pursuant to Title 18, Sections 6907 and 6962 of the Delaware Insurance Code. RLIC VI is permitted to record the portion of the XOL coverage amount (the "New RLIC VI XOL Coverage Amount") pursuant to the New RLIC VI XOL Treaty allocable to the universal life insurance contracts as a gross admitted asset and as paid in surplus. F-23 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The Company has an investment in Newco which is audited and fully admitted at U.S. GAAP equity, adjusted for goodwill, in common stock of affiliates. As of December 31, 2019 and 2018, the Company's investment in Newco was $41.0 and $39.2, respectively, of which $2.8 and $3.8, respectively, was statutory goodwill. The goodwill is being amortized over 10 years in accordance with SSAP No. 97 and will be fully amortized in 2022. The amount amortized for the years ended December 31, 2019, 2018 and 2017 was $1.0 in each year. As of December 31, 2019, GNWLAAC RE was unaudited and nonadmitted. As of December 31, 2018, the Company's investment in GNWLAAC RE was $4.3 and was included in other invested assets. (C) MORTGAGE LOANS As of December 31, 2019 and 2018, the Company's mortgage loan portfolio consisted of 425 and 445, respectively, of first lien commercial mortgage loans. The loans, which were originated by the Company through a network of mortgage bankers, were made only on developed and leased properties and had a maximum loan-to-value ratio of 75% as of the date of origination. The Company does not engage in construction lending or land loans. The maximum and minimum lending rates for new mortgage loans during 2019 were 5.6% and 3.3%, respectively. All of the mortgage loans were current as of December 31, 2019 and 2018. The Company's mortgage loans are collateralized by commercial properties, including multi-family residential buildings. The carrying value of mortgage loans is stated at original cost net of prepayments and amortization. The Company diversifies its mortgage loans by both property type and geographic region. The following tables set forth the distribution across property type and geographic region for mortgage loans as of December 31, 2019 and 2018:

2019 2018 ------------------ ------------------ CARRYING PERCENT OF CARRYING PERCENT OF PROPERTY TYPE VALUE TOTAL VALUE TOTAL ------------- -------- ---------- -------- ---------- Retail..................... $ 643.2 35.5% $ 680.4 36.4% Industrial................. 533.5 29.4 534.6 28.6 Office..................... 437.5 24.1 438.1 23.5 Apartments................. 92.8 5.1 119.7 6.4 Mixed use.................. 72.1 4.0 50.6 2.7 Other...................... 33.2 1.9 43.8 2.4 -------- ----- -------- ----- Total principal balance. $1,812.3 100.0% $1,867.2 100.0% ======== ===== ======== =====

2019 2018 ------------------ ------------------ CARRYING PERCENT OF CARRYING PERCENT OF GEOGRAPHIC REGION VALUE TOTAL VALUE TOTAL ----------------- -------- ---------- -------- ---------- South Atlantic............. $ 467.6 25.8% $ 491.6 26.3% Pacific.................... 435.8 24.1 452.3 24.2 Middle Atlantic............ 209.0 11.5 214.4 11.5 West North Central......... 170.3 9.4 186.6 10.0 East North Central......... 147.4 8.1 149.1 8.0 Mountain................... 137.9 7.6 133.3 7.1 West South Central......... 100.2 5.5 89.5 4.8 East South Central......... 80.5 4.5 85.1 4.6 New England................ 63.6 3.5 65.3 3.5 -------- ----- -------- ----- Total principal balance. $1,812.3 100.0% $1,867.2 100.0% ======== ===== ======== =====

F-24 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) Mortgage loans are considered past due when contractual payments have not been received from the borrower by the required payment date. The Company had no loans greater than 30 days past due as of December 31, 2019 and 2018. The Company had no impaired loans as of December 31, 2019 and 2018. The following table sets forth the age analysis of mortgage loans and identification of mortgage loans in which the insurer is a participant or co-lender in a mortgage loan agreement as of December 31, 2019 and 2018:

2019 2018 -------------------------- -------------------------- COMMERCIAL COMMERCIAL -------------------------- -------------------------- INSURED ALL OTHER TOTAL INSURED ALL OTHER TOTAL ------- --------- -------- ------- --------- -------- Recorded investment (All) Current (less than 30 days past due)...... $ -- $1,812.3 $1,812.3 $ -- $1,867.2 $1,867.2 Interest reduced Recorded investment... $ -- $ -- $ -- $ -- $ -- $ -- Number of loans....... -- -- -- -- -- -- Percent reduced....... -- % -- % -- % -- % -- % -- % Participant or co-lender in a mortgage loan agreement Recorded investment... $ -- $ 29.0 $ 29.0 $ -- $ 29.3 $ 29.3

As of December 31, 2019 and 2018, the Company held no farm, mezzanine or residential mortgage loans. In evaluating the credit quality of mortgage loans, the Company assesses the performance of the underlying loans using both quantitative and qualitative criteria. Certain risks associated with mortgage loans can be evaluated by reviewing both the loan-to-value and debt service coverage ratios to understand both the probability of the borrower not being able to make the necessary loan payments as well as the ability to sell the underlying property for an amount that would enable the Company to recover its unpaid principal balance in the event of default by the borrower. A higher debt service coverage ratio indicates the borrower is less likely to default on the loan. The debt service coverage ratio should not be used without considering other factors associated with the borrower, such as the borrower's liquidity or access to other resources that may result in the Company's expectation that the borrower will continue to make the future scheduled payments. A lower loan-to-value indicates that its loan value is more likely to be recovered in the event of default by the borrower if the property was sold. During the years ended December 31, 2019, 2018 and 2017, the Company originated $20.4, $7.8 and $43.4, respectively, in mortgage loans secured by real estate in California. As of December 31, 2019 and 2018, the Company held $286.0 and $286.5, respectively, of mortgages secured by real estate in California, which was 15.8% and 15.3%, respectively, of its total mortgage portfolio. F-25 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The following tables set forth the average loan-to-value of mortgage loans by property type as of December 31, 2019 and 2018:

2019 AVERAGE LOAN-TO-VALUE/(1)/ --------------------------------------------------- GREATER PROPERTY TYPE 0%-50% 51%-60% 61%-75% 76%-100% THAN 100% TOTAL ------------- ------ ------- ------- -------- --------- -------- Retail................... $270.6 $141.4 $231.2 $ -- $ -- $ 643.2 Industrial............... 240.8 145.2 147.5 -- -- 533.5 Office................... 162.2 103.8 171.5 -- -- 437.5 Apartments............... 41.3 28.4 23.1 -- -- 92.8 Mixed use................ 24.6 17.4 30.1 -- -- 72.1 Other.................... 18.9 -- 14.3 -- -- 33.2 ------ ------ ------ ---- ---- -------- Total................. $758.4 $436.2 $617.7 $ -- $ -- $1,812.3 ====== ====== ====== ==== ==== ======== Percent of total......... 41.8% 24.1% 34.1% -- % -- % 100.0% ====== ====== ====== ==== ==== ======== Weighted-average debt service coverage ratio/(2) /............ 2.2 1.8 1.6 -- -- 1.9 ====== ====== ====== ==== ==== ========

-------- /(1)/Average loan-to-value is based on the Company's most recent estimate of the fair value for the underlying property as of the date indicated above. Values are evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan. /(2)/Debt service coverage ratio is based on "normalized" annual net operating income of the property compared to the payments required under the terms of the loan. Normalization allows for the removal of annual one-time events such as capital expenditures, prepaid or late real estate tax payments or non-recurring third-party fees (such as legal, consulting or contract fees). This ratio is evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan.

2018 AVERAGE LOAN-TO-VALUE/(1)/ --------------------------------------------------- GREATER PROPERTY TYPE 0%-50% 51%-60% 61%-75% 76%-100% THAN 100% TOTAL ------------- ------ ------- ------- -------- --------- -------- Retail................... $241.3 $171.8 $267.3 $ -- $ -- $ 680.4 Industrial............... 249.6 87.8 183.1 14.1 -- 534.6 Office................... 107.0 174.4 156.7 -- -- 438.1 Apartments............... 56.4 22.1 36.4 4.8 -- 119.7 Mixed use................ 24.2 7.6 18.8 -- -- 50.6 Other.................... 7.3 20.2 16.3 -- -- 43.8 ------ ------ ------ ----- ---- -------- Total................. $685.8 $483.9 $678.6 $18.9 $ -- $1,867.2 ====== ====== ====== ===== ==== ======== Percent of total......... 36.8% 25.9% 36.3% 1.0% -- % 100.0% ====== ====== ====== ===== ==== ======== Weighted-average debt service coverage ratio/(2) /............ 2.6 2.5 1.6 1.5 -- 2.2 ====== ====== ====== ===== ==== ========

-------- /(1)/Average loan-to-value is based on the Company's most recent estimate of the fair value for the underlying property as of the date indicated above. Values are evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan. /(2)/Debt service coverage ratio is based on "normalized" annual net operating income of the property compared to the payments required under the terms of the loan. Normalization allows for the removal of annual one-time events such as capital expenditures, prepaid or late real estate tax payments or non-recurring third-party fees (such as legal, consulting or contract fees). This ratio is evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan. F-26 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The following tables set forth the debt service coverage ratio for fixed rate mortgage loans by property type as of December 31, 2019 and 2018:

2019 DEBT SERVICE COVERAGE RATIO -- FIXED RATE/(1)/ ------------------------------------------------------------------- LESS THAN GREATER THAN PROPERTY TYPE 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 2.00 TOTAL ------------- --------- ----------- ----------- ----------- ------------ -------- Retail................... $13.1 $38.4 $136.3 $270.6 $184.8 $ 643.2 Industrial............... 9.5 23.7 69.7 174.8 255.8 533.5 Office................... 22.5 16.9 18.2 248.7 131.2 437.5 Apartments............... -- 15.4 23.8 11.2 42.4 92.8 Mixed use................ 1.9 -- 9.1 32.7 28.4 72.1 Other.................... 14.5 1.0 2.4 8.8 6.5 33.2 ----- ----- ------ ------ ------ -------- Total................. $61.5 $95.4 $259.5 $746.8 $649.1 $1,812.3 ===== ===== ====== ====== ====== ======== Percent of total......... 3.4% 5.3% 14.3% 41.2% 35.8% 100.0% ===== ===== ====== ====== ====== ======== Weighted-average loan-to-value/(2) /.... 63.2% 63.6% 59.8% 56.8% 42.0% 52.5% ===== ===== ====== ====== ====== ========

-------- /(1)/Debt service coverage ratio is based on "normalized" annual net operating income of the property compared to the payments required under the terms of the loan. Normalization allows for the removal of annual one-time events such as capital expenditures, prepaid or late real estate tax payments or non-recurring third-party fees (such as legal, consulting or contract fees). This ratio is evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan. /(2)/Average loan-to-value is based on the Company's most recent estimate of the fair value for the underlying property as of the date indicated above. Values are evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan.

2018 DEBT SERVICE COVERAGE RATIO -- FIXED RATE/(1)/ ------------------------------------------------------------------- LESS THAN GREATER THAN PROPERTY TYPE 1.00 1.00 - 1.25 1.26 - 1.50 1.51 - 2.00 2.00 TOTAL ------------- --------- ----------- ----------- ----------- ------------ -------- Retail................... $ 6.0 $ 38.7 $146.4 $285.7 $203.6 $ 680.4 Industrial............... 3.7 29.2 65.8 197.3 238.6 534.6 Office................... 16.9 19.2 35.6 230.5 135.9 438.1 Apartments............... -- 16.9 25.1 25.5 52.2 119.7 Mixed use................ 0.2 -- 2.9 24.3 23.2 50.6 Other.................... 11.3 0.3 16.3 9.2 6.7 43.8 ----- ------ ------ ------ ------ -------- Total................. $38.1 $104.3 $292.1 $772.5 $660.2 $1,867.2 ===== ====== ====== ====== ====== ======== Percent of total......... 2.0% 5.6% 15.6% 41.4% 35.4% 100.0% ===== ====== ====== ====== ====== ======== Weighted-average loan-to-value/(2) /.... 51.3% 61.9% 62.6% 59.0% 42.9% 53.9% ===== ====== ====== ====== ====== ========

-------- /(1)/Debt service coverage ratio is based on "normalized" annual net operating income of the property compared to the payments required under the terms of the loan. Normalization allows for the removal of annual one-time events such as capital expenditures, prepaid or late real estate tax payments or non-recurring third-party fees (such as legal, consulting or contract fees). This ratio is evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan. /(2)/Average loan-to-value is based on the Company's most recent estimate of the fair value for the underlying property as of the date indicated above. Values are evaluated at least annually and updated more frequently if necessary to better indicate risk associated with the loan. F-27 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) As of December 31, 2019 and 2018, the Company did not have any floating rate mortgage loans. Low Income Housing Tax Credit The number of remaining years of unexpired tax credits and the required holding period as of December 31, 2019:

REQUIRED HOLDING FUND NAME REMAINING YEARS PERIOD --------- --------------- ---------------- Alliant EWA Villages II Hawaii, LLC.. 5 15 Centerline Georgia Investor VII, LLC. 3 15

The low income housing tax credit ("LIHTC") and other tax benefits recognized during the years ending December 31, 2019, 2018 and 2017 were as follows:

FUND NAME STATE 2019 2018 2017 --------- -------- ---- ---- ---- Alliant EWA Villages II Hawaii, LLC.. Hawaii $0.2 $0.2 $0.2 Centerline Georgia Investor VII, LLC. Georgia -- 0.2 0.4 CCL Missouri Investor III, LLC....... Missouri -- 0.1 0.4 CCL Missouri Investor V, LLC......... Missouri -- 0.1 0.2 Savannah Tax Credit Fund, LLC........ Georgia -- 0.1 0.1 WNC Hawaii Tax Credit 36, LP......... Hawaii -- -- 0.1 ---- ---- ---- Total................................ $0.2 $0.7 $1.4 ==== ==== ====

The balance of the investment recognized was as follows:

FUND NAME 2019 2018 --------- ---- ---- Alliant EWA Villages II Hawaii, LLC. $0.5 $0.6

As of December 31, 2019, there were no LIHTC properties currently subject to any regulatory reviews. As of December 31, 2019, the Company's investment in LIHTC was not considered significant and does not exceed 10% of total admitted assets. The fair value of the below listed limited partnership funds declined during the years ended December 31, 2019, 2018 and 2017 as follows:

AMOUNT OF IMPAIRMENT -------------------- DESCRIPTION 2019 2018 2017 ----------- ---- ---- ---- Macquarie Infrastructures Partners A and B. $2.0 $ -- $ -- Alinda Infrastructure Fund I, L.P.......... -- 0.1 1.2 Galen Equity Partners...................... -- -- 0.4

The decline was determined to be other than temporary and the amounts written down were accounted for as realized losses. (D) DERIVATIVE INSTRUMENTS The Company uses exchange-traded futures to reduce the market risks from changes in interest rates and equity indexes. Under exchange traded financial futures, the Company purchases or sells a futures contract on an exchange and posts F-28 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) variation margin to the exchange on a daily basis in an amount equal to the difference in the daily market values of those contracts. The Company accesses the exchange through regulated futures commission merchants who are members of a trading exchange. The Company uses cross currency swaps to reduce market risks from changes in foreign currency rates and to alter interest rate exposure arising from mismatches between assets and liabilities. In a cross currency swap transaction, the Company agrees with another party to exchange, at specified intervals, the difference between one currency and another at a forward exchange rate calculated by reference to an agreed upon principal amount. The principal amount of each currency is exchanged at the inception and termination of the currency swap by each party. The Company also purchases over-the-counter equity index call and put options to hedge the risk embedded in the Company's annuity liabilities. These transactions are entered into pursuant to an International Swaps and Derivatives Association, Inc ("ISDA") Master Agreement. The Company may make a single option premium payment to the counterparty at the inception of the transaction or a series of premium payment installations over the life of the option. Counterparty Risk The Company is exposed to credit-related losses in the event of nonperformance by counterparties to financial instruments, but it does not expect any counterparties to fail to meet their obligations given their high credit ratings. The Company manages counterparty risk by transacting with multiple high-rated counterparties and uses collateral support where possible. The Company's maximum credit exposure to derivative counterparties is limited to the sum of the net fair value of contracts with counterparties that exhibit a positive fair value net of collateral. The current credit exposure of the Company's derivative contracts is limited to net positive fair value owed by the counterparties, less collateral posted by the counterparties to the Company. Credit risk is managed by entering into transactions with creditworthy counterparties and requiring the posting of collateral. In many instances, new over-the-counter derivatives contracts will require both parties to post initial margin, thereby resulting in over collateralizations. The Company also attempts to minimize its exposure to credit risk through the use of various credit monitoring techniques and monitoring overall collateral held. All of the net credit exposure for the Company from derivative contracts is with investment-grade counterparties. As of December 31, 2019, the counterparties to all of the Company's derivatives had a minimum credit rating of BBB. As of December 31, 2019 and 2018, the Company held derivative counterparty collateral with fair value of $46.0 and $10.1, respectively. The table below provides a summary of the net carrying value, fair value and notional value by the type of derivative instruments held by the Company as of December 31, 2019 and 2018:

2019 2018 ----------------------- ----------------------- CARRYING FAIR NOTIONAL CARRYING FAIR NOTIONAL DERIVATIVE TYPE VALUE VALUE VALUE VALUE VALUE VALUE --------------- -------- ----- -------- -------- ----- -------- Financial futures........ $ -- $ -- $1,016.1 $ -- $ -- $1,222.2 Cross currency swaps..... (0.1) 0.8 19.7 0.7 1.2 19.7 Equity index options..... 80.7 80.7 2,451.0 39.0 39.0 2,628.0 ----- ----- -------- ----- ----- -------- Totals................ $80.6 $81.5 $3,486.8 $39.7 $40.2 $3,869.9 ===== ===== ======== ===== ===== ========

The financial futures, cross currency swaps, and equity index options in the table above are presented net of their respective liabilities. The Statutory Statements of Admitted Assets, Liabilities, and Capital and Surplus present derivative assets and liabilities separately. The Company has no amounts excluded from the assessment of hedge effectiveness for the years ended December 31, 2019, 2018 and 2017. F-29 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The Company recorded no unrealized gains or losses as of December 31, 2019 and 2018 resulting from derivatives that no longer qualify for hedge accounting. The futures margin account recorded as part of derivative assets was zero and $2.6 as of December 31, 2019 and 2018, respectively. The Company has no derivative contracts with financing premiums in which premium cost is paid at the end of the derivative contract or throughout the derivative contract. Several of the Company's master swap agreements previously contained credit downgrade provisions that allowed either party to assign or terminate derivative transactions if the other party's long-term unsecured credit or financial strength rating was below the limit defined in the applicable agreement. Beginning in 2018, the Company renegotiated with many of its counterparties to remove the credit downgrade provisions from the master swap agreements entirely or replace it with a provision that allows the counterparty to terminate the derivative transactions if the risk-based capital ("RBC") ratio of the Company goes below a certain threshold. During 2019, the Company successfully completed these negotiations and as a result, none of its master swap agreements have credit downgrade provisions as of December 31, 2019. As of December 31, 2019, the RBC ratio of the Company was above the thresholds negotiated in the applicable master swap agreements and therefore, no counterparty had rights to take action against the Company under the RBC threshold provisions. (E) NET INVESTMENT INCOME For the years ended December 31, 2019, 2018 and 2017, the sources of net investment income of the Company were as follows:

2019 2018 2017 ------ ------ ------ Bonds............................ $540.5 $529.4 $534.1 Preferred and common stocks...... 4.2 3.8 39.5 Mortgage loans................... 88.2 87.6 84.1 Contract loans................... 32.7 27.2 32.7 Short-term investments........... 7.9 5.0 2.6 Real estate...................... 3.6 3.3 3.3 Other invested assets............ 10.3 6.5 10.4 Derivative instruments........... 0.3 (5.7) (20.3) Other............................ 0.4 0.4 0.3 ------ ------ ------ Gross investment income....... 688.1 657.5 686.7 Investment and interest expenses. (17.9) (17.7) (17.5) ------ ------ ------ Net investment income......... $670.2 $639.8 $669.2 ====== ====== ======

The number of CUSIPs sold, redeemed or otherwise disposed as a result of a callable feature and the aggregate amount of investment income generated as a result of a prepayment penalty and/or accelerations fees for the years ended December 31, 2019, 2018 and 2017 were as follows:

2019 2018 2017 ---------------- ---------------- ---------------- GENERAL SEPARATE GENERAL SEPARATE GENERAL SEPARATE ACCOUNT ACCOUNT ACCOUNT ACCOUNT ACCOUNT ACCOUNT ------- -------- ------- -------- ------- -------- (1) Number of CUSIPS..... 31 -- 22 -- 38 -- (2) Aggregate amount of investment income...... $6.2 $-- $2.9 $-- $4.9 $--

F-30 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) As discussed in Note 1(u), effective January 1, 2017, the NAIC adopted modifications to SSAP No. 26R and SSAP No. 43R which clarified that the amount of prepayment penalties or acceleration fees reported as investment income should equal the total proceeds received less the par value of the investment; and any difference between the carrying value and the par value at the time of disposal should be reported as realized capital gains and losses. For the years ended December 31, 2019, 2018 and 2017, proceeds and gross realized capital gains and losses resulting from sales, maturities, impairments, or other redemptions of investment securities were as follows:

2019 2018 2017 -------- -------- -------- Proceeds from sales, maturities or other redemptions of bonds. $1,068.3 $1,614.4 $1,605.3 ======== ======== ======== Gross realized capital: Gains on sales............................................. $ 162.0 $ 121.8 $ 135.8 Losses on sales............................................ (151.7) (152.2) (113.9) -------- -------- -------- Net realized gains (losses) on sales................... 10.3 (30.4) 21.9 Impairment losses............................................. (2.0) (0.1) (2.6) -------- -------- -------- Subtotal............................................... 8.3 (30.5) 19.3 Federal income tax (provision) benefit........................ (5.7) 1.6 2.2 Transfers to IMR, net of tax.................................. (4.0) 11.7 (8.1) -------- -------- -------- Realized capital gains (losses), net................... $ (1.4) $ (17.2) $ 13.4 ======== ======== ========

(F) IMPAIRMENT OF INVESTMENT SECURITIES The evaluation of OTTI is subject to risks and uncertainties and is intended to determine the appropriate amount and timing for recognizing an impairment charge. The assessment of whether such impairment has occurred is based on management's best estimate of the cash flows to be collected at the individual security level. The Company regularly monitors its investment portfolio to ensure that securities that may be other-than-temporarily impaired are identified in a timely manner and that any impairment charges are recognized in the proper period. The Company recognizes OTTI on loan-backed and structured securities in an unrealized loss position when one of the following circumstances exists: . The Company does not expect full recovery of the amortized cost based on its estimate of cash flows expected to be collected; . The Company intends to sell a security; or . The Company does not have the intent and ability to retain the investment for a period of time sufficient to recover the amortized cost basis of the investment. As of December 31, 2019, the Company had no loan-backed securities which recognized OTTI. As of December 31, 2019, the Company had no loan-backed securities with recognized OTTI where it had the intent to sell or did not have the intent and ability to retain the investment for a period of time sufficient to recover the amortized cost basis. While the OTTI model for debt securities generally includes fixed maturity securities, there are certain hybrid securities that are classified as fixed maturity securities where the application of a debt impairment model depends on whether there has been any evidence of deterioration in credit of the issuer. Under certain circumstances, evidence of deterioration in credit of the issuer may result in the application of the equity impairment model. F-31 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) For equity securities, the Company recognizes an impairment charge in the period in which the Company determines that the security will not recover to book value within a reasonable period. The Company determines what constitutes a reasonable period on a security-by-security basis based upon consideration of all the evidence available to it, including the magnitude of an unrealized loss and its duration. In any event, this period does not exceed 18 months for common equity securities. The Company measures OTTI based upon the difference between the amortized cost of a security and its fair value. The following table presents the gross unrealized losses and fair value of the Company's investment securities, aggregated by investment type and length of time that individual investment securities have been in a continuous unrealized loss position as of December 31, 2019:

2019 ----------------------------------------------------------------- LESS THAN 12 MONTHS 12 MONTHS OR MORE -------------------------------- -------------------------------- GROSS GROSS UNREALIZED NUMBER OF UNREALIZED NUMBER OF DESCRIPTION OF SECURITIES FAIR VALUE LOSSES SECURITIES FAIR VALUE LOSSES SECURITIES ------------------------- ---------- ---------- ---------- ---------- ---------- ---------- Fixed maturity securities: Special revenue and special assessment obligations............. $ 18.3 $(0.2) 5 $ -- $ -- -- Industrial and miscellaneous........... 56.9 (0.9) 17 122.0 (4.7) 18 Residential mortgage-backed......... 9.1 (0.1) 4 12.0 (0.2) 3 Commercial mortgage-backed......... 93.0 (1.6) 16 6.2 (0.1) 2 Other asset-backed........ 136.5 (0.4) 25 103.0 (1.5) 24 ------ ----- -- ------ ----- -- Total fixed maturity securities................. 313.8 (3.2) 67 243.2 (6.5) 47 ------ ----- -- ------ ----- -- Total equity securities...... -- -- -- 9.6 (0.4) 1 ------ ----- -- ------ ----- -- Total temporarily impaired securities.......... $313.8 $(3.2) 67 $252.8 $(6.9) 48 ====== ===== == ====== ===== == % below cost -- fixed maturity securities: (less than)20% below cost.................... $313.8 $(3.2) 67 $243.2 $(6.5) 47 20-50% below cost......... -- -- -- -- -- -- (greater than)50% below cost.............. -- -- -- -- -- -- ------ ----- -- ------ ----- -- Total fixed maturity securities................. 313.8 (3.2) 67 243.2 (6.5) 47 ------ ----- -- ------ ----- -- % below cost -- equity securities: (less than)20% below cost.................... -- -- -- 9.6 (0.4) 1 20-50% below cost......... -- -- -- -- -- -- (greater than)50% below cost.............. -- -- -- -- -- -- ------ ----- -- ------ ----- -- Total equity securities...... -- -- -- 9.6 (0.4) 1 ------ ----- -- ------ ----- -- Total temporarily impaired securities.......... $313.8 $(3.2) 67 $252.8 $(6.9) 48 ====== ===== == ====== ===== == Investment grade -- fixed maturity securities................. $305.1 $(3.0) 64 $210.9 $(4.9) 41 Below investment grade -- fixed maturity securities................. 8.7 (0.2) 3 32.3 (1.6) 6 Investment grade -- equity securities.......... -- -- -- -- -- -- Below investment grade -- equity securities....... -- -- -- 9.6 (0.4) 1 ------ ----- -- ------ ----- -- Total temporarily impaired securities.......... $313.8 $(3.2) 67 $252.8 $(6.9) 48 ====== ===== == ====== ===== ==

For all securities in an unrealized loss position, the Company expects to recover the amortized cost based on its estimate of the amount and timing of cash flows to be collected. The Company does not intend to sell nor does it expect that it will be required to sell these securities prior to recovering its amortized cost. F-32 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The following table presents the gross unrealized losses and fair value of the Company's investment securities, aggregated by investment type and length of time that individual investment securities have been in a continuous unrealized loss position as of December 31, 2018:

2018 ----------------------------------------------------------------- LESS THAN 12 MONTHS 12 MONTHS OR MORE -------------------------------- -------------------------------- GROSS GROSS UNREALIZED NUMBER OF UNREALIZED NUMBER OF DESCRIPTION OF SECURITIES FAIR VALUE LOSSES SECURITIES FAIR VALUE LOSSES SECURITIES ------------------------- ---------- ---------- ---------- ---------- ---------- ---------- Fixed maturity securities: U.S. governments and U.S. government agencies................ $ 43.4 $ (1.6) 3 $ 64.2 $ (5.1) 3 All other governments..... 50.1 (1.4) 13 8.2 (0.3) 2 States, territories and possessions......... 20.6 (0.2) 4 -- -- -- Special revenue and special assessment obligations............. 21.3 (0.6) 7 16.6 (0.4) 3 Industrial and miscellaneous........... 3,389.4 (178.0) 646 676.8 (69.8) 129 Residential mortgage-backed......... 136.9 (2.2) 23 116.8 (4.3) 25 Commercial mortgage-backed......... 226.1 (6.3) 38 180.3 (12.4) 33 Other asset-backed........ 191.0 (4.0) 51 52.1 (0.6) 17 Hybrids................... 40.6 (2.0) 5 7.8 (2.2) 1 -------- ------- --- -------- ------ --- Total fixed maturity securities................. 4,119.4 (196.3) 790 1,122.8 (95.1) 213 -------- ------- --- -------- ------ --- Total equity securities...... 43.5 (2.2) 7 -- -- -- -------- ------- --- -------- ------ --- Total temporarily impaired securities.......... $4,162.9 $(198.5) 797 $1,122.8 $(95.1) 213 ======== ======= === ======== ====== === % below cost -- fixed maturity securities: (less than)20% below cost.................... $4,111.7 $(194.1) 789 $1,099.9 $(88.7) 207 20-50% below cost......... 7.7 (2.2) 1 22.9 (6.4) 6 (greater than)50% below cost.............. -- -- -- -- -- -- -------- ------- --- -------- ------ --- Total fixed maturity securities................. 4,119.4 (196.3) 790 1,122.8 (95.1) 213 -------- ------- --- -------- ------ --- % below cost -- equity securities: (less than)20% below cost.................... 43.5 (2.2) 7 -- -- -- 20-50% below cost......... -- -- -- -- -- -- (greater than)50% below cost.............. -- -- -- -- -- -- -------- ------- --- -------- ------ --- Total equity securities...... 43.5 (2.2) 7 -- -- -- -------- ------- --- -------- ------ --- Total temporarily impaired securities.......... $4,162.9 $(198.5) 797 $1,122.8 $(95.1) 213 ======== ======= === ======== ====== === Investment grade -- fixed maturity securities................. $3,804.2 $(178.9) 707 $1,078.7 $(89.8) 201 Below investment grade -- fixed maturity securities................. 315.2 (17.4) 83 44.1 (5.3) 12 Investment grade -- equity securities.......... 33.8 (1.9) 6 -- -- -- Below investment grade -- equity securities....... 9.7 (0.3) 1 -- -- -- -------- ------- --- -------- ------ --- Total temporarily impaired securities.......... $4,162.9 $(198.5) 797 $1,122.8 $(95.1) 213 ======== ======= === ======== ====== ===

(G) SUB-PRIME MORTGAGE RELATED RISK Fair Isaac Company ("FICO") developed the FICO credit-scoring model to calculate a score based upon a borrower's credit history. FICO credit scores are used as one indicator of a borrower's credit quality. The higher the credit score, the lower the likelihood that a borrower will default on a loan. FICO credit scores range up to 850, with a score of 620 or more F-33 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) generally viewed as a "prime" loan and a score below 620 generally viewed as a "sub-prime" loan. "A minus" loans generally are loans where the borrowers have FICO credit scores between 575 and 660, and where the borrower has a blemished credit history. As of December 31, 2019, the Company did not hold any direct investments in sub-prime or Alt-A mortgage loans. Alt-A mortgage loans are loans considered alternative or low documentation loans. The Company has direct exposure in other investments with the underlying sub-prime or Alt-A related risk. The following tables provide information about the Company's sub-prime and Alt-A exposure as of December 31, 2019:

2019 ---------------------------------------------- BOOK ADJUSTED OTTI LOSSES CARRYING VALUE FAIR RECOGNIZED TO DESCRIPTION ACTUAL COST ("BACV") VALUE DATE ----------- ----------- -------------- ----- ------------- Structured Securities. $5.8 $5.8 $6.3 $0.5

The Company did not have any underwriting exposure to sub-prime or Alt-A mortgages as of December 31, 2019. (H) SECURITIES LENDING Securities loaned are re-registered but remain beneficially owned by the Company. None of the collateral is restricted. Cash collateral received is recorded in securities lending reinvested collateral and the offsetting liabilities are recorded in payable for securities lending. There were no securities loaned for a time period beyond one year from the reporting date and there were no securities loaned in the Company's separate accounts. As of December 31, 2019 and 2018, the fair value of loaned securities was $17.1 and $23.1, respectively, and the fair value of the collateral held was $17.7 and $24.0, respectively. (I) ASSETS PLEDGED AS COLLATERAL As of December 31, 2019 and 2018, the Company did not have any pledged assets as collateral for securities lending transactions or dollar repurchase agreements. The following table provides information on collateral received under securities lending agreements as of December 31, 2019 and 2018:

AMORTIZED COST -------------- AGGREGATE AMOUNT CASH COLLATERAL RECEIVED 2019 2018 ----------------------------------------- ----- ----- Open............................................................................ $ -- $ -- 30 days or less................................................................. 17.7 24.0 31 to 60 days................................................................... -- -- 61 to 90 days................................................................... -- -- Greater than 90 days............................................................ -- -- Subtotal..................................................................... 17.7 24.0 ----- ----- Securities received............................................................. -- -- ----- ----- Total collateral received.................................................... $17.7 $24.0 ===== ===== The aggregate fair value of all securities acquired from the sale, trade or use of the accepted collateral (reinvested collateral)............................ $17.7 $24.0 ===== =====

F-34 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The following table provides information on reinvested collateral from securities lending agreements as of December 31, 2019 and 2018:

2019 2018 ------------------------- ------------------------- SECURITIES LENDING AMORTIZED COST FAIR VALUE AMORTIZED COST FAIR VALUE ------------------ -------------- ---------- -------------- ---------- Open........................... $ -- $ -- $ -- $ -- 30 days or less................ 17.7 17.7 24.0 24.0 31 to 60 days.................. -- -- -- -- 61 to 90 days.................. -- -- -- -- 91 to 120 days................. -- -- -- -- 121 to 180 days................ -- -- -- -- 181 to 365 days................ -- -- -- -- Greater than 365 days.......... -- -- -- -- ----- ----- ----- ----- Subtotal.................... 17.7 17.7 24.0 24.0 Securities received............ -- -- -- -- ----- ----- ----- ----- Total collateral reinvested. $17.7 $17.7 $24.0 $24.0 ===== ===== ===== =====

The Company's sources of cash that it uses to return collateral received from loaned securities is dependent on liquidity and other market conditions. The Company believes the fair value of reinvested collateral coupled with other available sources of cash is sufficient to fund collateral calls under adverse market conditions. (J) RESTRICTED ASSETS The following table sets forth restricted assets including pledged assets held by the Company as of December 31, 2019 and 2018:

GROSS (ADMITTED AND NONADMITTED) RESTRICTED PERCENTAGE ----------------------------------------------- ----------------------- 2019 ---------------------------- GROSS TOTAL (ADMITTED ADMITTED SEPARATE TOTAL AND RESTRICTED TOTAL ACCOUNT TOTAL 2019 NONADMITTED) TO TOTAL GENERAL RESTRICTED FROM INCREASE/ ADMITTED RESTRICTED TO ADMITTED RESTRICTED ASSET CATEGORY ACCOUNT ASSETS TOTAL 2018 (DECREASE) RESTRICTED TOTAL ASSETS ASSETS ------------------------- -------- ---------- -------- -------- ---------- ---------- ------------- ---------- Collateral held under securities lending agreements................. $ 17.7 $-- $ 17.7 $ 24.0 $ (6.3) $ 17.7 0.1% 0.1% Federal Home Loan Bank ("FHLB") capital stock..... 23.0 -- 23.0 24.0 (1.0) 23.0 0.1 0.1 On deposit with states....... 7.7 -- 7.7 7.7 -- 7.7 -- -- Pledged as collateral: Derivatives............... 80.5 -- 80.5 111.8 (31.3) 80.5 0.4 0.4 Reinsurance trust......... 1,062.8 -- 1,062.8 1,010.4 52.4 1,062.8 4.9 4.9 FHLB agreements........... 220.0 -- 220.0 248.9 (28.9) 220.0 1.0 1.0 -------- --- -------- -------- ------ -------- --- --- Total restricted assets.............. $1,411.7 $-- $1,411.7 $1,426.8 $(15.1) $1,411.7 6.5% 6.5% ======== === ======== ======== ====== ======== === ===

There were no general account restricted assets, including pledged assets, supporting separate account activity as of December 31, 2019 and 2018. F-35 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) As of December 31, 2019 and 2018, the Company held no other restricted assets. Collateral received and reflected as assets within the reporting entity's financial statements as of December 31, 2019 and 2018:

2019 -------------------------------------------------------------------------------------------- % OF % OF BACV TO BACV TO TOTAL ASSETS TOTAL (ADMITTED AND ADMITTED DESCRIPTION BACV FAIR VALUE NONADMITTED) ASSETS ----------- ----- ---------- ------------- -------- a.Cash, cash equivalents and short-term investments. $ -- $ -- -- % -- % b.Schedule D, Part 1................................ -- -- -- -- c.Schedule D, Part 2, Section 1..................... -- -- -- -- d.Schedule D, Part 2, Section 2..................... -- -- -- -- e.Schedule B........................................ -- -- -- -- f.Schedule A........................................ -- -- -- -- g.Schedule BA, Part 1............................... -- -- -- -- h.Schedule DL, Part 1............................... 16.2 17.1 0.1 0.1 i.Other............................................. -- -- -- -- ----- ----- --- --- j.Total collateral assets (a+b+c+d+e+f+g+h+i)....... $16.2 $17.1 0.1% 0.1% ===== ===== === ===

2019 ----------------------------------------------------------------------------- % OF LIABILITY TO DESCRIPTION AMOUNT TOTAL LIABILITIES ----------- ------ ----------------- k. Recognized obligation to return collateral asset. $17.7 0.1%

2018 -------------------------------------------------------------------------------------------- % OF % OF BACV TO BACV TO TOTAL ASSETS TOTAL (ADMITTED AND ADMITTED DESCRIPTION BACV FAIR VALUE NONADMITTED)* ASSETS ----------- ----- ---------- ------------- -------- a.Cash, cash equivalents and short-term investments. $ -- $ -- -- % -- % b.Schedule D, Part 1................................ -- -- -- -- c.Schedule D, Part 2, Section 1..................... -- -- -- -- d.Schedule D, Part 2, Section 2..................... -- -- -- -- e.Schedule B........................................ -- -- -- -- f.Schedule A........................................ -- -- -- -- g.Schedule BA, Part 1............................... -- -- -- -- h.Schedule DL, Part 1............................... 23.5 23.1 0.1 0.1 i.Other............................................. -- -- -- -- ----- ----- --- --- j.Total collateral assets (a+b+c+d+e+f+g+h+i)....... $23.5 $23.1 0.1% 0.1% ===== ===== === ===

2018 ---------------------------------------------------------------------------- % OF LIABILITY TO DESCRIPTION AMOUNT TOTAL LIABILITIES ----------- ------ ----------------- k.Recognized obligation to return collateral asset. $24.0 0.2%

F-36 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (K) WORKING CAPITAL FINANCE INVESTMENTS As of December 31, 2019 and 2018, the Company had no working capital finance investments. (L) OFFSETTING AND NETTING OF ASSETS AND LIABILITIES The Company did not have any derivatives, repurchase and reverse repurchase, and securities borrowing and securities lending assets and liabilities that were offset and reported net as of December 31, 2019 and 2018. (M) 5GI SECURITIES The table below presents 5GI securities held as of December 31, 2019 and 2018:

NUMBER OF 5GI AGGREGATE FAIR SECURITIES AGGREGATE BACV VALUE ------------- -------------- -------------- INVESTMENTS 2019 2018 2019 2018 2019 2018 ----------- ---- ---- ----- ----- ---- ---- (1) Bonds - AC........... -- 1 $ -- $1.0 $ -- $1.1 (2) LB&SS - AC........... 1 1 -- -- -- -- (3) Preferred Stock - AC. -- -- -- -- -- -- (4) Preferred Stock - FV. 1 -- 0.5 -- 0.5 -- -- -- ---- ---- ---- ---- (5) Total (1+2+3+4)...... 2 2 $0.5 $1.0 $0.5 $1.1 == == ==== ==== ==== ====

AC - Amortized cost FV - Fair value (N) SHORT SALES The Company did not have any short sale transactions during the years ended December 31, 2019, 2018 and 2017. F-37 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (3)AGGREGATE RESERVES As of December 31, 2019 and 2018, the following table summarizes the aggregate reserves and weighted-average interest rate assumptions for the Company:

2019 2018 ----------------- ----------------- INTEREST INTEREST LINE OF BUSINESS AMOUNT RATES AMOUNT RATES ---------------- --------- -------- --------- -------- Individual life: Traditional................... $ 633.2 4.2% $ 576.5 4.2% Universal..................... 5,199.5 4.4% 5,562.7 4.4% Supplementary contracts with life contingencies............... 90.7 4.3% 90.8 4.4% --------- --------- Total individual life................. 5,923.4 6,230.0 --------- --------- Group life....................... 18.9 4.5% 20.8 4.5% --------- --------- Total life............. 5,942.3 6,250.8 --------- --------- Annuities: Individual annuities: Immediate................. 1,219.6 5.9% 1,325.4 5.9% Deferred.................. 2,598.4 4.1% 2,709.5 4.1% Variable.................. 64.0 4.0% 62.3 4.1% --------- --------- Total individual annuities............ 3,882.0 4,097.2 --------- --------- Group annuities: Other group annuities............... 39.1 6.4% 42.4 6.3% --------- --------- Total annuities........ 3,921.1 4,139.6 --------- --------- Accidental death benefits........ 0.6 3.0% 0.6 3.0% Disability: Active lives.................. 11.6 4.3% 12.4 4.4% Disabled lives................ 73.5 3.4% 75.5 3.4% --------- --------- Total disability........... 85.1 87.9 --------- --------- Other reserves................... 1,417.5 4.1% 1,520.7 4.2% Accident and health: Group......................... -- -- % 0.1 4.7% Individual.................... 1.0 3.5% 1.2 4.6% --------- --------- Total accident and health........... 1.0 1.3 --------- --------- Total life, annuities, and accident and health aggregate reserves............. 11,367.6 12,000.9 --------- --------- Deposit-type funds: Supplementary contracts without life contingencies.......... 403.8 2.7% 423.3 2.7% Other deposit-type funds....................... 302.0 3.6% 352.6 3.7% --------- --------- Total deposit-type funds................ 705.8 775.9 --------- --------- Total aggregate reserves and deposit-type funds................ $12,073.4 $12,776.8 ========= =========

Liabilities for life insurance products are based on the AE, AM (5), 41 CSO, 41 STD IND, 58 CSO, 58 CET, GPO 58, 61 CIET, 61 CSI, 80 CSO, 80 CET, or 2001 CSO mortality tables. Liabilities for most annuities used the a-1949, 51 GAM, 71 IAM, 71 GAM, 83 GAM, 83a, 94 GAR, 94 VA MGDB, 37SA, a-2012, or a-2000 mortality tables. F-38 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) As of December 31, 2019 and 2018, the Company had $716.7 and $661.4, respectively, of additional statutory reserves resulting from updates to its asset adequacy testing assumptions for universal life insurance products with secondary guarantees related to AG38 part 8D. The Company waives deduction of deferred fractional premiums upon death of the insured and returns any portion of the final premium beyond the end of the month of death. There were $0.6 in reserves for surrender values in excess of reserves otherwise required as of December 31, 2019 and 2018. Additional premiums or charges apply for policies issued on substandard lives according to underwriting classifications. The substandard extra reserve held on such policies was either one-half of the annual gross extra premiums or calculated using appropriate multiples of standard rates of mortality. For two interest-sensitive life plans, with single or limited pay substandard extra premiums, the unearned portion of those substandard premiums are utilized as the substandard extra reserve. The reserve for substandard structured settlements policies is based on a flat extra mortality rate calculated at issue to produce the life expectancy determined during the underwriting process. The reserve for substandard immediate annuities issued in 2005 and later, other than structured settlement policies, is based on a standard mortality plus a flat extra mortality rate calculated at issue to produce the present value of future benefits using the rated age determined during the underwriting process. As of December 31, 2019 and 2018, the Company had $29,987.7 and $32,592.4, respectively, of insurance in-force for which the future guaranteed maximum gross premiums were less than the future net premiums according to the standard of valuation set by the Virginia Bureau. Reserves to cover the above insurance totaled $256.2 and $304.0 as of December 31, 2019 and 2018, respectively, and are reported in aggregate reserves -- life and annuity contracts. The tabular interest, tabular less actual reserve released, and tabular cost has been determined by formula as described in the NAIC instructions. Tabular interest on funds not involving life contingencies has been determined according to the valuation rate for each contract. F-39 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) As of December 31, 2019, withdrawal characteristics of annuity actuarial reserves and deposit-type contract funds and other liabilities without life or disability contingencies were as follows:

2019 ------------------------------------------------------ SEPARATE SEPARATE GENERAL ACCOUNTS WITH ACCOUNTS PERCENT ACCOUNT GUARANTEES NONGUARANTEED TOTAL OF TOTAL -------- ------------- ------------- --------- -------- A. Individual annuities: (1) Subject to discretionary withdrawal: a.With market value adjustment..... $2,244.0 $14.6 $ -- $ 2,258.6 15.6% b At book value less current surrender charge of 5% or more................. 56.0 -- -- 56.0 0.4 c.At fair value........ -- -- 5,338.0 5,338.0 37.0 -------- ----- -------- --------- ----- d Total with market value adjustment or at fair value (total of a-c)....... 2,300.0 14.6 5,338.0 7,652.6 53.0 e.At book value without adjustment (minimal or no charge or adjustment).......... 863.2 -- -- 863.2 6.0 (2) Not subject to discretionary withdrawal........... 5,914.8 -- 0.6 5,915.4 41.0 -------- ----- -------- --------- ----- (3) Total (gross: direct + assumed)............. 9,078.0 14.6 5,338.6 14,431.2 100.0% ===== (4) Reinsurance ceded................ 5,105.3 -- -- 5,105.3 -------- ----- -------- --------- (5) Total net (3) -- (4)............... $3,972.7 $14.6 $5,338.6 $ 9,325.9 ======== ===== ======== ========= (6) Amount included in A(1)b above that will move to A(1)e in the year after the statement date:...... $ 8.8 $ -- $ -- $ 8.8 -------- ----- -------- --------- SEPARATE SEPARATE GENERAL ACCOUNTS WITH ACCOUNTS PERCENT ACCOUNT GUARANTEES NONGUARANTEED TOTAL OF TOTAL -------- ------------- ------------- --------- -------- B. Group annuities: (1) Subject to discretionary withdrawal: a.With market value adjustment..... $ 1.0 $ -- $ -- $ 1.0 1.0% b At book value less current surrender charge of 5% or more................. -- -- -- -- -- c.At fair value........ -- -- 57.8 57.8 59.6 -------- ----- -------- --------- ----- d Total with market value adjustment or at fair value (total of a-c)....... 1.0 -- 57.8 58.8 60.6 e.At book value without adjustment (minimal or no charge or adjustment).......... 0.9 -- -- 0.9 0.9 (2) Not subject to discretionary withdrawal........... 37.2 -- -- 37.2 38.5 -------- ----- -------- --------- ----- (3) Total (gross: direct + assumed)............. 39.1 -- 57.8 96.9 100.0% ===== (4) Reinsurance ceded................ -- -- -- -- -------- ----- -------- --------- (5) Total net (3) -- (4)............... $ 39.1 $ -- $ 57.8 $ 96.9 ======== ===== ======== ========= (6) Amount included in B(1)b above that will move to B(1)e in the year after the statement date:...... $ -- $ -- $ -- $ -- -------- ----- -------- ---------

F-40 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

2019 ----------------------------------------------------- SEPARATE SEPARATE GENERAL ACCOUNTS WITH ACCOUNTS PERCENT ACCOUNT GUARANTEES NONGUARANTEED TOTAL OF TOTAL -------- ------------- ------------- -------- -------- C. Deposit-type contracts (no life contingencies): (1) Subject to discretionary withdrawal: a.With market value adjustment..... $ -- $-- $-- $ -- -- % b At book value less current surrender charge of 5% or more................. -- -- -- -- -- c.At fair value........ -- -- -- -- -- -------- --- --- -------- ----- d Total with market value adjustment or at fair value (total of a-c)....... -- -- -- -- -- e.At book value without adjustment (minimal or no charge or adjustment).......... 358.2 -- -- 358.2 27.2 (2) Not subject to discretionary withdrawal........... 959.2 -- -- 959.2 72.8 -------- --- --- -------- ----- (3) Total (gross: direct + assumed)............. 1,317.4 -- -- 1,317.4 100.0% ===== (4) Reinsurance ceded................ 611.6 -- -- 611.6 -------- --- --- -------- (5) Total net (3) -- (4)............... $ 705.8 $-- $-- $ 705.8 ======== === === ======== (6) Amount included in C(1)b above that will move to C(1)e in the year after the statement date:...... $ -- $-- $-- $ -- -------- --- --- --------

As of December 31, 2019, withdrawal characteristics of life actuarial reserves were as follows:

SEPARATE ACCOUNT -- GUARANTEED GENERAL ACCOUNT AND NONGUARANTEED --------------------------- ------------------------------ ACCOUNT CASH ACCOUNT CASH VALUE VALUE RESERVE VALUE VALUE RESERVE -------- -------- --------- ------- ------ ------- A. Subject to discretionary withdrawal, surrender values, or policy loans; (1)Term policies with cash value.... $ -- $ 162.4 $ 228.3 $ -- $ -- $ -- (2)Universal life..... 1,840.0 1,821.4 2,179.3 -- -- -- (3)Universal life with secondary guarantees......... 2,556.0 2,315.3 5,724.5 -- -- -- (4)Indexed universal life............... 33.1 23.1 30.2 -- -- -- (5)Indexed universal life with secondary guarantees......... -- -- -- -- -- -- (6)Indexed life....... -- -- -- -- -- -- (7)Other permanent cash value life insurance.......... -- -- -- -- -- -- (8)Variable life...... -- -- -- -- -- -- (9)Variable universal life..... 11.5 11.5 11.9 255.7 255.6 257.6 (10)Miscellaneous reserves........... -- -- -- -- -- -- B. Not subject to discretionary withdrawal or no cash values (1)Term policies without cash value. XXX XXX 8,780.4 XXX XXX -- (2)Accidental death benefits........... XXX XXX 0.6 XXX XXX -- (3)Disability -- active lives....... XXX XXX 14.2 XXX XXX -- (4)Disability -- disabled lives..... XXX XXX 77.6 XXX XXX -- (5)Miscellaneous reserves........... XXX XXX 1,013.8 XXX XXX -- -------- -------- --------- ------ ------ ------ C. Total (gross: direct + assumed)............. 4,440.6 4,333.7 18,060.8 255.7 255.6 257.6 D. Reinsurance ceded...... 1,173.7 1,039.3 11,158.9 -- -- -- -------- -------- --------- ------ ------ ------ E. Total (net) (C) -- (D). $3,266.9 $3,294.4 $ 6,901.9 $255.7 $255.6 $257.6 ======== ======== ========= ====== ====== ======

F-41 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) Deferred and uncollected life insurance premiums and annuity considerations as of December 31, 2019 and 2018 were as follows:

2019 2018 -------------- ------------- NET OF NET OF GROSS LOADING GROSS LOADING ------ ------- ------ ------- Industrial....... $ 0.2 $ 0.2 $ 0.2 $ 0.2 Ordinary renewal. 172.9 479.5 167.5 492.6 Group life....... -- -- -- (0.1) ------ ------ ------ ------ Total......... $173.1 $479.7 $167.7 $492.7 ====== ====== ====== ======

The Company did not have any direct written premiums generated through managing general agents or third-party administrators during the years ended December 31, 2019 and 2018. GUARANTEED MINIMUM DEATH BENEFIT, GUARANTEED MINIMUM WITHDRAWAL BENEFIT AND GUARANTEED ANNUITIZATION BENEFIT The Company's variable annuity products provide a basic GMDB which provides a minimum account value to be paid upon the annuitant's death. Some variable annuity contracts permit contractholders to have the option to purchase through riders, at an additional charge, enhanced death benefits. The Company's separate account guarantees are primarily death benefits but also include some GMWBs and guaranteed annuitization benefits. The GMWB allows contractholders to withdraw a pre-defined percentage of account value or benefit each year, either for a specified period of time or for life. The guaranteed annuitization benefit generally provides for a guaranteed minimum level of income upon annuitization accompanied by the potential for upside market participation. As of December 31, 2019 and 2018, the Company had reserves related to these guaranteed benefits of $452.9 and $580.9, respectively. The following table sets forth total account values, net of reinsurance, with death benefit and living benefit guarantees as of December 31, 2019 and 2018:

2019 2018 -------- -------- ACCOUNT VALUES WITH DEATH BENEFIT GUARANTEES (NET OF REINSURANCE): Standard death benefits (return of net deposits) account value.. $1,851.6 $1,780.8 Net amount at risk.............................................. $ 1.6 $ 2.5 Average attained age of contract holders........................ 76 75 Enhanced death benefits (step-up, roll-up, payment protection) account value................................................. $1,762.1 $1,745.2 Net amount at risk.............................................. $ 115.2 $ 196.4 Average attained age of contract holders........................ 76 75 ACCOUNT VALUES WITH LIVING BENEFIT GUARANTEES: Guaranteed minimum withdrawal benefits.......................... $1,819.3 $1,820.3 Guaranteed annuitization benefits............................... $1,003.8 $ 969.7

The contracts underlying the GMWB and guaranteed annuitization benefits are considered "in the money" if the contract holder's benefit base, defined as the greater of the contract value or the protected value, is greater than the account value. As of December 31, 2019 and 2018, the Company's exposure related to GMWB and guaranteed annuitization benefits contracts that were considered "in the money" was $647.1 and $795.9, respectively. For GMWBs and guaranteed annuitization benefits, the only way the contractholder can monetize the excess of the benefit base over the account value of the contract is upon annuitization and the amount to be paid by the Company will either be in the form of a lump sum, or over the annuity period for certain GMWBs and guaranteed annuitization benefits. F-42 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (4)LIABILITY FOR POLICY AND CONTRACT CLAIMS Activity in the accident and health policy claim reserves, including the present value of amounts not yet due (which were included as a component of aggregate reserves) of $0.6, $0.6 and $0.8 as of December 31, 2019, 2018 and 2017 respectively, is summarized as follows:

2019 2018 2017 ----- ----- ----- Balance as of January 1......................... $42.9 $48.0 $52.1 Less reinsurance reserve credit and recoverable. 42.3 47.2 51.2 ----- ----- ----- Net balance as of January 1.............. 0.6 0.8 0.9 ----- ----- ----- Incurred related to: Current year................................. 0.1 -- 0.1 Prior years.................................. 0.1 -- 0.1 ----- ----- ----- Total incurred........................... 0.2 -- 0.2 ----- ----- ----- Paid related to: Current year................................. -- -- -- Prior years.................................. 0.2 0.2 0.3 ----- ----- ----- Total paid............................... 0.2 0.2 0.3 ----- ----- ----- Net balance as of December 31............ 0.6 0.6 0.8 Plus reinsurance reserve credit and recoverable. 40.4 42.3 47.2 ----- ----- ----- Balance as of December 31....................... $41.0 $42.9 $48.0 ===== ===== =====

Incurred claims related to prior years did not change by a significant amount in any year as a result of changes in estimates of insured events in prior years. For the years ended December 31, 2019, 2018 and 2017, the Company did not have any significant changes in methodologies or assumptions used to calculate the liability for unpaid claims and claim adjustment expenses. The liability for policy and contract claims presented in the Statutory Statements of Admitted Assets, Liabilities and Capital and Surplus also included $84.0 and $107.9 of life contract claims as of December 31, 2019 and 2018, respectively. (5)TRANSACTIONS WITH AFFILIATES The Company and various affiliates, all direct and/or indirect subsidiaries of Genworth, are parties to an amended and restated services and shared expenses agreement under which each company agrees to provide and each company agrees to receive certain general services. These services include, but are not limited to, data processing, communications, marketing, public relations, advertising, investment management, human resources, accounting, actuarial, legal, administration of agent and agency matters, purchasing, underwriting and claims. Under the terms of the agreement, settlements are to be made quarterly. This agreement represents the principal administrative service agreement between the Company and the following affiliates: GLIC GNA Genworth Mortgage Insurance Corporation ("GMIC") JLIC RLIC VI RLIC VII F-43 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) RLIC VIII RLIC IX RLIC X Rivermont On December 13, 2019, in connection with the reinsurance transactions discussed in Note 8, the Company paid a capital contribution to RLIC VI in the amount of $44.6 in cash. On December 12, 2019, in connection with the reinsurance transactions discussed in Note 8, the Company received a return of capital from RLIC IX in the amount of $20.1 in cash. During 2019, the Company received a total return of capital from GNWLAAC RE in the amount of $8.8 in cash. For years ended December 31, 2019, 2018 and 2017, the Company made net payments for intercompany settlements of $60.4, $64.2 and $44.7, respectively. The Company and GLICNY are parties to an Administrative Services Agreement whereby the Company provides services to GLICNY with respect to GLICNY's variable annuity products. The Company and GLIC are parties to a Master Services and Shared Expenses Agreement with two affiliates, Genworth Financial India Private, Ltd. and GMIC, whereby the parties agree to benefit from centralized functions and processes by pooling their purchasing power by entering separate Statements of Work which will provide the specifics of each service to be provided. The Company has a Master Promissory Note agreement, approved by the Virginia Bureau, which involves borrowing from and making loans to GNA, the Company's indirect parent. The principal is payable upon written demand by GNA or at the discretion of the Company. The note pays interest at the cost of funds of GNA, which was 1.50%, 2.33% and 1.33% during the years ended December 31, 2019, 2018 and 2017, respectively. There were no outstanding balances payable to or due from GNA as of December 31, 2019 or 2018. The Company participates in reinsurance agreements whereby the Company assumes business from or cedes business to its affiliates. See Note 8 for further details on affiliate reinsurance agreements. During 2018, the Company recorded an adjustment for the administration of claims related to certain reinsurance agreements whereby the assuming reinsurer was only settling the net amount at risk instead of the full death benefit on universal life insurance contracts. The net impact to the Company's death benefits was $4.0 for years ended December 31, 2017 and prior. This impacted reinsurance agreements between the Company and Rivermont, JLIC, and GLIC as follows: . The Company cedes universal life insurance contracts to Rivermont. As a result of this adjustment, Rivermont owed the Company $27.5 for years ended December 31, 2017 and prior. Effective March 30, 2018, the Company, as counterparty to the reinsurance agreement and parent of Rivermont, agreed to not require payment of this amount from Rivermont. This was accounted for as a deemed capital contribution from the Company to Rivermont which was recorded as a decrease to the Company's unassigned surplus. . The Company also cedes universal life insurance contracts to JLIC. As a result of this adjustment, JLIC owed the Company $4.3 for years ended December 31, 2017 and prior. The Company received this amount on May 11, 2018. . The Company assumes universal life insurance contracts from GLIC. As a result of this adjustment, the Company owed GLIC $27.8 for years ended December 31, 2017 and prior. The Company paid this amount on May 11, 2018. Effective July 1, 2017, the Company assumed certain annuity and corporate-owned life insurance business from GLIC in anticipation of the GLAIC unstacking, which previously contemplated the purchase of the Company from GLIC by a F-44 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) Genworth intermediate holding company as part of the China Oceanwide transaction. These reinsurance treaties had an adverse impact on the RBC ratio of the Company and GLIC. The Company and GLIC had anticipated that the GLAIC unstacking would be completed by December 31, 2017 and that certain capital benefits relating to the unstacking would offset the adverse impact to its RBC ratio as of December 31, 2017. With the GLAIC unstacking not being completed by the end of 2017, the Company and GLIC mutually agreed to terminate the July 1, 2017 reinsurance treaties. As of December 31, 2017, the Company had a net receivable of $29.8 from GLIC related to the termination of these treaties. The intercompany amounts were settled in cash on January 10, 2018. Genworth and China Oceanwide have subsequently agreed to forgo the GLAIC unstacking. Genworth and China Oceanwide will not pursue the GLAIC unstacking for the foreseeable future. On December 21, 2017, the Company received $9.0 in cash from RLIC IX as a dividend payment. On December 14, 2017, the Company received $27.2 in cash from RLIC VI as a dividend payment. On December 13, 2017, the Company received $30.7 in cash from RLIC X as a return of capital. On June 26, 2017, the Company sold one security with a book value of $7.1 to GMIC in exchange for cash. In April 2017, the Company received bonds and mortgage loans from GLIC under various reinsurance transactions discussed in Note 8. Total amounts due from or owed to affiliates as of December 31, 2019 and 2018 are included in the following balance sheet captions:

2019 2018 ------ ------ Assets: Amounts recoverable from reinsurers and funds held. $410.6 $410.8 Current Federal income tax recoverable............. -- 24.9 ------ ------ Total assets................................... $410.6 $435.7 ====== ====== Liabilities: Current Federal income tax payable................. $ 47.8 $ -- Payable to parent, subsidiaries and affiliates..... 7.3 4.6 Other amounts payable on reinsurance............... 25.9 28.3 ------ ------ Total liabilities.............................. $ 81.0 $ 32.9 ====== ======

(6)INCOME TAXES Tax reform impact On December 22, 2017, President Trump signed the TCJA into law. The enactment of the new law signified the first major overhaul of the U.S. federal income tax system in more than 30 years. In addition to the law's corporate income tax rate reduction, several other provisions were pertinent to the Company's financial statements and related disclosures. Prior to the TCJA, the top U.S. corporate income tax rate was 35% for corporations with taxable income greater than $10.0. The TCJA reduced the U.S. corporate income tax rate to 21% effective for taxable years beginning after December 31, 2017. For items under the TCJA that were incomplete, but a reasonable estimate had been determined as of December 31, 2017, the Company recorded a reasonable estimate. For items for which a reasonable estimate could not be determined, the Company applied existing guidance based on the provisions of the tax laws that were in effect prior to the TCJA being F-45 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) enacted. Accordingly, the Company recorded reasonable estimates of the tax rate reduction impact under the TCJA for DTA and DTL as well as an insurance reserve transition adjustment in its 2017 statutory financial statements. As of December 31, 2017, the Company remeasured certain DTAs and DTLs based on the federal rate at which it expects them to reverse in the future, which is generally 21%. The provisional amount recorded in 2017 that related to the re-measurement of the Company's DTAs and DTLs was a tax expense of $222.0. The change in contingent tax liability related to the special tax sharing agreements was $220.3, which related to the remeasurement. The Company did not record an adjustment to this provisional amount in 2018 and the accounting for this item was complete as of December 31, 2018. As of December 31, 2017, the Company also recorded a provisional reclassification in DTAs and DTLs in the net amount of $65.2 related to the transition adjustment required under the TCJA with respect to life insurance policyholder reserves. Under the TCJA this transition adjustment is to be taken into account ratably over eight taxable years. The Company recorded an adjustment to the provisional reclassification of $18.8, including 2018 provision to return true-ups, and the accounting for this item was complete as of December 31, 2019. (A) COMPONENTS OF DEFERRED TAX ASSETS AND DEFERRED TAX LIABILITIES 1. The components of the net DTA recognized in the Company's Statutory Statements of Admitted Assets, Liabilities and Capital and Surplus as of December 31, 2019 and 2018 were as follows:

2019 2018 CHANGE ----------------------- ----------------------- ----------------------- ORDINARY CAPITAL TOTAL ORDINARY CAPITAL TOTAL ORDINARY CAPITAL TOTAL -------- ------- ------ -------- ------- ------ -------- ------- ------ a. Gross DTA............. $542.3 $11.3 $553.6 $519.1 $27.1 $546.2 $ 23.2 $(15.8) $ 7.4 b. Statutory valuation allowance adjustment... -- -- -- -- -- -- -- -- -- ------ ----- ------ ------ ----- ------ ------ ------ ------ c. Adjusted gross DTA (1a - 1b).............. 542.3 11.3 553.6 519.1 27.1 546.2 23.2 (15.8) 7.4 d. DTA nonadmitted....... 240.7 5.9 246.6 206.9 -- 206.9 33.8 5.9 39.7 ------ ----- ------ ------ ----- ------ ------ ------ ------ e. Subtotal: net admitted DTA (1c - 1d). 301.6 5.4 307.0 312.2 27.1 339.3 (10.6) (21.7) (32.3) f. DTL................... 178.1 1.0 179.1 163.3 22.7 186.0 14.8 (21.7) (6.9) ------ ----- ------ ------ ----- ------ ------ ------ ------ g. Net admitted DTA/ (DTL) (1e - 1f)........ $123.5 $ 4.4 $127.9 $148.9 $ 4.4 $153.3 $(25.4) $ -- $(25.4) ====== ===== ====== ====== ===== ====== ====== ====== ======

F-46 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) 2. Admission calculation components for SSAP No. 101 as of December 31, 2019 and 2018:

2019 2018 CHANGE ----------------------- ----------------------- ----------------------- ORDINARY CAPITAL TOTAL ORDINARY CAPITAL TOTAL ORDINARY CAPITAL TOTAL -------- ------- ------ -------- ------- ------ -------- ------- ------ a. Federal income taxes paid in prior years recoverable through loss carrybacks......... $ -- $4.4 $ 4.4 $ -- $ 4.0 $ 4.0 $ -- $ 0.4 $ 0.4 b. Adjusted gross DTA expected to be realized (excluding the amount of DTA from 2(a) above) after application of the threshold limitation. (The lessor of 2(b)1 and 2(b)2 below)........ 123.5 -- 123.5 145.5 3.8 149.3 (22.0) (3.8) (25.8) 1. Adjusted gross DTA expected to be realized following the balance sheet date................. 123.5 -- 123.5 145.5 3.8 149.3 (22.0) (3.8) (25.8) 2. Adjusted gross DTA allowed per limitation threshold. XXX XXX 186.1 XXX XXX 150.1 XXX XXX 36.0 c. Adjusted gross DTA (excluding the amount of DTA from 2(a) and 2(b) above) offset by gross DTL............... 178.1 1.0 179.1 166.7 19.3 186.0 11.4 (18.3) (6.9) ------ ---- ------ ------ ----- ------ ------ ------ ------ d. DTA admitted as a result of the application of SSAP No. 101 (Total 2(a) + 2(b) + 2(c))............ $301.6 $5.4 $307.0 $312.2 $27.1 $339.3 $(10.6) $(21.7) $(32.3) ====== ==== ====== ====== ===== ====== ====== ====== ======

3. Ratio used to determine applicable period used in 6(a)2:

2019 2018 -------- -------- a. Ratio percentage used to determine recovery period and threshold limitation amount.................................................. 802% 741% b. Amount of adjusted capital and surplus used to determine recovery period and threshold limitation in 2(b)2 above..................... $1,368.8 $1,090.1

F-47 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) 4. Impact of tax planning strategies: a. Determination of adjusted gross deferred tax assets and net admitted deferred tax assets, by character as a percentage:

2019 2018 CHANGE --------------- --------------- ---------------- ORDINARY CAPITAL ORDINARY CAPITAL ORDINARY CAPITAL -------- ------- -------- ------- -------- ------- 1. Adjusted Gross DTAs Amount from Note 6a1(c) $542.3 $11.3 $519.1 $27.1 $ 23.2 $(15.8) 2. Percentage of Adjusted Gross DTAs by Tax Character Attribute to the impact of Tax Planning Strategies............. -- % -- % -- % -- % -- % -- % 3. Net Admitted Adjusted Gross DTAs Amount from Note 6a1(e)............ $301.6 $ 5.4 $312.2 $27.1 $(10.6) $(21.7) 4. Percentage of Net Admitted Adjusted Gross DTAs by Tax Character admitted because of the impact of tax planning strategies............. -- % -- % 2.3% -- % (2.3)% -- %

b. The Company did not use reinsurance tax planning strategies for the years ended December 31, 2019, 2018 and 2017. (B) UNRECOGNIZED DEFERRED TAX LIABILITIES The Company did not have any unrecognized DTLs during the years ended December 31, 2019, 2018 and 2017. (C) CURRENT INCOME TAX AND CHANGE IN DEFERRED TAX The provision for income taxes incurred on operations for the years ended December 31, 2019, 2018 and 2017 were as follows:

2019 2018 CHANGE ------ ------ ------ 1. CURRENT INCOME TAXES a. Federal income taxes............................. $ 38.5 $(18.8) $ 57.3 b. Foreign income taxes............................. -- -- -- ------ ------ ------ c. Federal and foreign income taxes................. 38.5 (18.8) 57.3 d. Federal income tax on net capital gains (losses). 5.7 (1.6) 7.3 e. Utilization of capital loss carry forwards....... -- -- -- f. Other............................................ -- -- -- ------ ------ ------ g. Federal income tax incurred...................... $ 44.2 $(20.4) $ 64.6 ====== ====== ====== 2018 2017 CHANGE ------ ------ ------ 1. CURRENT INCOME TAXES a. Federal income taxes............................. $(18.8) $ 51.9 $(70.7) b. Foreign income taxes............................. -- -- -- ------ ------ ------ c. Federal and foreign income taxes................. (18.8) 51.9 (70.7) d. Federal income tax on net capital gains (losses). (1.6) (2.2) 0.6 e. Utilization of capital loss carry forwards....... -- -- -- f. Other............................................ -- -- -- ------ ------ ------ g. Federal income taxes incurred.................... $(20.4) $ 49.7 $(70.1) ====== ====== ======

F-48 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The tax effects of temporary differences that give rise to significant portions of the DTAs and DTLs were as follows as of December 31, 2019 and 2018:

2019 2018 CHANGE ------ ------ ------ 2. DTA A. Ordinary 1. Discounting of unpaid losses........................................... $ -- $ -- $ -- 2. Unearned premium reserve............................................... -- -- -- 3a. Transition reserves................................................... 9.0 15.8 (6.8) 3b. Policyholder reserves................................................. 372.7 356.1 16.6 4. Investments............................................................ 24.4 3.3 21.1 5. Deferred acquisition costs............................................. 131.1 128.4 2.7 6. Policyholder dividends accrual......................................... -- -- -- 7. Fixed assets........................................................... 0.6 0.9 (0.3) 8. Compensation and benefits accrual...................................... -- -- -- 9. Pension accrual........................................................ -- -- -- 10. Receivable-nonadmitted................................................ 0.2 0.1 0.1 11. Net operating loss carry forward...................................... -- 13.9 (13.9) 12. Tax credit carry forward.............................................. 2.0 0.4 1.6 13. Other (including items less than 5% of total ordinary tax assets)..... 2.3 0.2 2.1 ------ ------ ------ 99. Subtotal ordinary..................................................... 542.3 519.1 23.2 B. Statutory valuation allowance adjustment................................... -- -- -- C. Nonadmitted DTA............................................................ 240.7 206.9 33.8 ------ ------ ------ D. Admitted ordinary DTA (2A99 - 2B - 2C)..................................... 301.6 312.2 (10.6) E. Capital.................................................................... -- 1. Investments............................................................ 11.3 27.1 (15.8) 2. Net capital loss carry forward......................................... -- -- -- 3. Real estate............................................................ -- -- -- 4. Other (including items less than 5% of total ordinary tax assets)...... -- -- -- ------ ------ ------ 99. Subtotal capital...................................................... 11.3 27.1 (15.8) F. Statutory valuation allowance adjustment................................... -- -- -- G. Nonadmitted DTA............................................................ 5.9 -- 5.9 ------ ------ ------ H. Admitted capital DTA (2E99 - 2F - 2G)...................................... 5.4 27.1 (21.7) ------ ------ ------ I. Admitted DTA (2D + 2H)..................................................... $307.0 $339.3 $(32.3) ====== ====== ======

F-49 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

2019 2018 CHANGE ------ ------ ------ 3. DTL A. Ordinary 1. Investments........................... $ 16.6 $ 8.3 $ 8.3 2. Fixed assets.......................... -- -- -- 3. Deferred and uncollected premiums..... 100.7 103.5 (2.8) 4(a). Transition reserves................ 54.6 51.5 3.1 4(b). Policyholder reserves.............. 6.2 -- 6.2 5. Other................................. -- -- -- ------ ------ ------ 99. Subtotal ordinary.................... 178.1 163.3 14.8 ------ ------ ------ B. Capital 1. Investments........................... 1.0 22.7 (21.7) 2. Real estate........................... -- -- -- 3. Other................................. -- -- -- ------ ------ ------ 99. Subtotal capital..................... 1.0 22.7 (21.7) ------ ------ ------ C. DTL (3A99 + 3B99)......................... 179.1 186.0 (6.9) ------ ------ ------ 4. NET DTA (DTL) (2I - 3C)...................... $127.9 $153.3 $(25.4) ====== ====== ======

Based on an analysis of the Company's tax position for the year ended December 31, 2019 , management concluded it is more likely than not that the results of future operations will generate sufficient taxable income to enable the Company to realize all of its DTAs. Accordingly, no valuation allowance for DTA has been established. The change in net deferred taxes is comprised of the following (this analysis is exclusive of nonadmitted assets, as the change in nonadmitted assets is reported separately from the change in net deferred income taxes in the Statutory Statements of Admitted Assets, Liabilities and Capital and Surplus):

DECEMBER 31, ------------- 2019 2018 CHANGE ------ ------ ------ Total gross DTA.................................................... $553.6 $546.2 $ 7.4 Statutory valuation allowance adjustment........................... -- -- -- ------ ------ ----- Adjusted gross DTAs................................................ 553.6 546.2 7.4 Total gross DTL.................................................... 179.1 186.0 (6.9) ------ ------ ----- Net DTA (DTL)...................................................... $374.5 $360.2 14.3 ====== ====== Deferred tax on change in net unrealized capital gains (losses).... (3.8) ----- Change in deferred tax for prior period correction (see Note 1(v)). 3.8 ----- Change in net deferred income taxes................................ $14.3 =====

F-50 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (D) RECONCILIATION OF FEDERAL INCOME TAX RATE TO ACTUAL EFFECTIVE TAX RATE The provision for Federal income taxes incurred is different from that which would be obtained by applying the statutory Federal income tax rate to income before income taxes. The significant items causing this difference were as follows for the years ended December 31, 2019, 2018 and 2017:

2019 2018 2017 ------ ------ ------ Provision computed at statutory tax rate.......................... $ 49.1 $(50.7) $ 9.0 Tax exempt interest............................................... (0.4) (0.4) -- Benefit of dividends.............................................. (2.5) (2.6) (19.7) Change in tax contingency reserve................................. -- 0.4 3.0 Statutory amortization of IMR..................................... -- -- (1.2) Foreign taxes..................................................... (3.5) 0.2 (0.1) Change in nonadmitted assets...................................... (1.3) 0.5 1.9 Deferred reinsurance gains........................................ (23.7) 8.4 (13.8) Change in statutory valuation allowance........................... -- (7.4) (5.9) Prior year provision to return true-up............................ (0.8) (2.7) 7.5 Reinsurance transaction treated as nontaxable reorganization (see Note 8)......................................................... 12.0 -- -- TCJA rate reduction impact........................................ -- -- 222.0 Other adjustments................................................. 1.0 (0.1) (24.9) ------ ------ ------ Total.......................................................... $ 29.9 $(54.4) $177.8 ====== ====== ====== Federal income taxes incurred..................................... $ 44.2 $(20.4) $ 49.7 Change in net deferred income taxes............................... (14.3) (34.0) 128.1 ------ ------ ------ Total.......................................................... $ 29.9 $(54.4) $177.8 ====== ====== ======

(E) OPERATING LOSS AND TAX CREDIT CARRY FORWARDS AND PROTECTIVE TAX DEPOSITS As of December 31, 2019, the Company had no operating losses to carry forward. As of December 31, 2019, the Company has tax credits to carry forward that will expire, if unutilized, as follows:

ORIGINATION YEAR AMOUNT EXPIRES AFTER ---------------- ------ ------------- 2012 $0.3 2022 2013 0.7 2023 2014 0.4 2024 2015 0.2 2025 2018 0.4 2028

As of December 31, 2019, the amount of federal income taxes incurred in the current and prior years that will be available for recoupment in the event of future net losses are as follows:

TAX YEAR CAPITAL ORDINARY -------- ------- -------- 2019 $5.7 $--

The Company had no protective tax deposits which are on deposit with the IRS under Section 6603 of the Internal Revenue Code. F-51 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (F) CONSOLIDATED FEDERAL INCOME TAX RETURN The Company is an affiliated member of a consolidated Life/Non-Life U.S. Federal income tax return with its ultimate parent company, Genworth, and will be included with the following companies in the consolidated Federal income tax return for 2019: ASI Capital Brokerage Corporation Genworth Genworth Annuity Service Corporation Genworth Financial Agency, Inc. Genworth Financial Assurance Corporation Genworth Financial Services, Inc. Genworth Holdings, Inc. ("Genworth Holdings") Genworth Insurance Company GLIC GLICNY Genworth Mortgage Holdings, LLC Genworth Mortgage Holdings, Inc. GMIC Genworth Mortgage Insurance Corporation of North Carolina Genworth Mortgage Reinsurance Corporation Genworth Mortgage Services, LLC GNA HGI Annuity Service Corporation JLIC Mayflower Assignment Corporation Monument Lane IC 1, Inc. Monument Lane IC 2, Inc. Monument Lane PCC, Inc. Newco National Eldercare Referral System, LLC Rivermont RLIC VI RLIC VII RLIC VIII RLIC IX RLIC X River Lake Insurance Company XI ("RLIC XI")/1/ Sponsored Captive Re, Inc. United Pacific Structured Settlement Company /1/ RLIC XI was dissolved effective September 30, 2019. The Company is a part of the overall Tax Allocation Agreement between Genworth and certain of its subsidiaries. This agreement was approved by state insurance regulators and the Company's Board of Directors. The tax allocation is based on the separate return liabilities with offsets for losses and credits utilized to reduce the current consolidated tax liability as allowed by applicable law and regulation. The Company's policy is to settle intercompany tax balances quarterly, with a final settlement after filing of Genworth's Federal consolidated U.S. corporation income tax return. F-52 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The Company and its indirect parent, Genworth, have special tax agreements with the Company's direct subsidiaries RLIC VII and RLIC VIII. The agreements obligate the Company to receive or make payments on behalf of RLIC VII and RLIC VIII for Federal income tax amounts receivable or payable by RLIC VII and RLIC VIII under a separate Tax Allocation Agreement. The Company accounts for these payments as additional investment in common stock of affiliates. As of December 31, 2019, the Company has recorded a tax receivable and a decrease in investment in common stock of affiliates of $8.5 for RLIC VII and a tax payable and an increase in investment in common stock of affiliates of $3.3 for RLIC VIII related to these agreements. The Company and its direct parent, GLIC, are also parties to a separate special tax sharing agreement with the Company's direct subsidiary, Rivermont. The agreement allocates the tax benefit of Rivermont's net operating losses ("NOLs") from tax years prior to 2009 to the Company. The Company will repay such benefits to Genworth to the extent Rivermont has taxable income in the future. For NOLs incurred in 2009 and subsequent years, Rivermont will record a current tax benefit and receive tax benefit payments from Genworth for NOLs incurred by Rivermont and used by the consolidated tax group, in accordance with the terms of the Tax Allocation Agreement. Prior to 2018, the Company also had special tax sharing agreements (the "Old Special Tax Agreements") with its direct subsidiaries, RLIC VI, RLIC IX and RLIC X. The Old Special Tax Agreements allocated to the Company the tax benefits of the respective subsidiaries' (i.e., RLIC VI, RLIC IX or RLIC X, as appropriate) current NOLs. Such benefits would have been repaid to Genworth to the extent the subsidiaries had taxable income in the future. Until such time as these benefits had been fully repaid, each subsidiary was not obligated to make payments under the overall tax allocation agreement or applicable Old Special Tax Agreement for Federal income tax. Additionally, under the Old Special Tax Agreements with RLIC VI, RLIC IX and RLIC X, the Company would have assumed the respective subsidiaries tax liability if such liability would cause the Company's RBC ratio to fall below 300%. The Old Special Tax Agreements were terminated effective May 31, 2018 for RLIC VI and January 1, 2018 for RLIC IX and RLIC X. In 2018, the Company entered into new special tax sharing agreements (the "New Special Tax Sharing Agreements") with RLIC VI, RLIC IX and RLIC X and its indirect parent, Genworth, effective June 1, 2018 for RLIC VI and January 1, 2018 for RLIC IX and RLIC X. Under the New Special Tax Sharing Agreements, the Company is obligated to receive or make payments on behalf of RLIC VI, RLIC IX and RLIC X for Federal income tax amounts receivable or payable by those companies pursuant to the Tax Allocation Agreement. The tax payments made by the Company on behalf of RLIC VI, RLIC IX and RLIC X are accounted for as deemed capital contributions to RLIC VI, RLIC IX and RLIC X. The tax payments received by the Company on behalf of RLIC VI, RLIC IX and RLIC X are accounted for as deemed dividends from RLIC VI, RLIC IX and RLIC X. As of December 31, 2019, the Company recorded tax payables and an increase in common stock of affiliates of $2.5 and $1.2 to RLIC VI and RLIC IX, respectively, and a tax receivable and a decrease in investment in common stock of affiliates of $7.0 to RLIC X, related to the New Special Tax Sharing Agreements. As discussed in Note 2(b), the Company carries RLIC VI, RLIC IX and RLIC X at zero; therefore, the change in common stock of affiliates ultimately impacts unassigned deficit. Effective January 1, 2018, the Company entered into a new Special Tax Allocation Agreement with Genworth whereby the Company agreed to settle intercompany taxes under the terms of the overall Tax Allocation Agreement of the Genworth Consolidated Group as if the Company and RLIC VI, RLIC IX and RLIC X continued to calculate tax reserves under Model Regulation 830 for U.S. federal income tax purposes, notwithstanding that the consolidated group filed its U.S. federal income tax return limiting the tax reserve based upon the Net GAAP Liability shown on the statutory annual statements of RLIC VI, RLIC IX and RLIC X. The purpose of the new Special Tax Allocation Agreement between the Company and Genworth is to defer intercompany tax settlements by the Company until the time at which the Company would have made the payments absent the change in the Permitted Practices for RLIC VI, RLIC IX and RLIC X and also absent tax planning strategies implemented by GLIC in 2018 with respect to the calculation of GLIC's tax reserves. As of December 31, 2019, the Company recorded a decrease to current tax receivable and an increase to unassigned deficit of $7.8 related to this agreement. F-53 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The cumulative benefit recognized by the Company relating to the special tax sharing agreements with Rivermont, RLIC VI, RLIC IX, and RLIC X and the Special Tax Allocation Agreement with Genworth was $418.1 and $417.4 as of December 31, 2019 and 2018, respectively. Due to the nature of the agreements as described above, the Company could have to repay these benefits in the future. For tax years beginning in 2011, the Company was included in the Life/Non-Life consolidated return filed by Genworth and filed various state and local tax returns. With possible exceptions (including the possibility that the Internal Revenue Service ("IRS") may examine tax years that impact operating loss deduction carryforwards but are otherwise closed), the Company is no longer subject to U.S. Federal tax examinations for years through 2015. Potential state and local examinations for those years are generally restricted to results that are based on closed U.S. Federal examinations. (G) FEDERAL OR FOREIGN INCOME TAX LOSS CONTINGENCIES As of December 31, 2019, 2018 and 2017, the total amount of unrecognized tax benefits was $7.2, $7.2 and $6.7, respectively, which, if recognized, would affect the effective tax rate on operations. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as components of income tax expense. During the years ended December 31, 2019, 2018 and 2017, the Company accrued no interest or no penalties. The Company had no interest liability balance and no penalty balances as of December 31, 2019, 2018 and 2017. As a result of Genworth's open audits and appeals, the Company believes no unrecognized tax benefits will be recognized in 2020. (H) REPATRIATION TRANSITION TAX The Company had no Repatriation Transition Tax owed under the TCJA as of December 31, 2019. (I) ALTERNATIVE MINIMUM TAX CREDIT The Company had no Alternative Minimum Tax Credit recognized as a current year recoverable or DTA as of December 31, 2019. (J) STATE TRANSFERABLE AND NON-TRANSFERABLE TAX CREDITS The carrying value of transferable and non-transferable state tax credits gross of any related tax liabilities and total unused transferable and non-transferable state tax credits by state and in total were as follows:

2019 --------------------- CARRYING UNUSED DESCRIPTION OF STATE TRANSFERABLE AND NON-TRANSFERABLE TAX CREDITS STATE VALUE AMOUNT ------------------------------------------------------------------ ----- -------- ------ New Market................................. MS $0.6 $0.6 New Market................................. NE 0.3 0.3 New Market................................. NV 0.1 0.1 Urban Development.......................... CT 0.4 0.4 Urban Development.......................... FL 1.1 1.1 ---- ---- Total................................... $2.5 $2.5 ==== ====

F-54 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

2018 --------------------- CARRYING UNUSED DESCRIPTION OF STATE TRANSFERABLE AND NON-TRANSFERABLE TAX CREDITS STATE VALUE AMOUNT ------------------------------------------------------------------ ----- -------- ------ New Market................................. FL $0.7 $0.7 New Market................................. KY 0.1 0.1 New Market................................. MS 0.5 0.5 New Market................................. NE 0.3 0.3 New Market................................. NV 0.1 0.1 Renewable Energy........................... NC 0.1 0.1 Urban Development.......................... CT 0.2 0.2 Urban Development.......................... FL 1.3 1.3 ---- ---- Total................................... $3.3 $3.3 ==== ====

The Company estimated the utilization of the remaining transferable and non-transferable state tax credits by projecting future premium taking into account policy growth and rate changes, projected future tax liability based on projected premiums, tax rates and tax credits, and comparing projected future tax liability to the availability of remaining transferable and non-transferable tax credits. The Company had no impairment loss related to the write-down as a result of impairment analysis of the carrying amount for state transferable and non-transferable tax credits during 2019 and 2018. The state tax credits admitted and nonadmitted were as follows:

2019 2018 -------------------- -------------------- TOTAL TOTAL TOTAL TOTAL ADMITTED NONADMITTED ADMITTED NONADMITTED -------- ----------- -------- ----------- Transferable..... $ -- $-- $ -- $-- Non-transferable. 2.5 -- 3.3 -- ---- --- ---- --- Total......... $2.5 $-- $3.3 $-- ==== === ==== ===

(7)COMMITMENTS AND CONTINGENCIES (A) LITIGATION The Company is a defendant in various cases of litigation considered to be in the normal course of business. The Company does not consider existing contingent liabilities arising from litigation, income taxes and other matters to be material in relation to the financial position of the Company. In September 2018, the Company was named as a defendant in a putative class action lawsuit pending in the United States District Court for the Eastern District of Virginia captioned TVPX ARX INC., as Securities Intermediary for Consolidated Wealth Management, LTD. on behalf of itself and all others similarly situated v. Genworth Life and Annuity Insurance Company. The Plaintiff alleged unlawful and excessive cost of insurance ("COI") charges were imposed on policyholders. The complaint asserts claims for breach of contract, alleging that the Company improperly considered non-mortality factors when calculating COI rates and failed to decrease COI charges in light of improved expectations of future mortality, and seeks unspecified compensatory damages, costs, and equitable relief. On October 29, 2018, the Company filed a motion to enjoin the case in the Middle District of Georgia, and a motion to dismiss and motion to stay in the Eastern District of Virginia. The Company moved to enjoin the prosecution of the Eastern District of Virginia action on the basis that it involves claims released in a prior nationwide class action settlement that was approved by the Middle District of Georgia. Plaintiff filed an amended complaint on November 13, 2018. On December 6, 2018, the Company F-55 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) moved the Middle District of Georgia for leave to file its counterclaim, which alleges that Plaintiff breached the covenant not to sue contained in the prior settlement agreement by filing its current action. On March 15, 2019, the Middle District of Georgia granted the Company's motion to enjoin and denied its motion for leave to file its counterclaim. As such, plaintiff is enjoined from pursuing its class action in the Eastern District of Virginia. On March 29, 2019, plaintiff filed a notice of appeal in the Middle District of Georgia, notifying the Court of its appeal to the United States Court of Appeals for the Eleventh Circuit from the order granting the Company's motion to enjoin. On March 29, 2019, the Company filed its notice of cross-appeal in the Middle District of Georgia, notifying the Court of its cross-appeal to the Eleventh Circuit from the portion of the order denying its motion for leave to file the Company's counterclaim. On April 8, 2019, the Eastern District of Virginia dismissed the case without prejudice, with leave for plaintiff to refile an amended complaint only if a final appellate court decision vacates the injunction and reverses the Middle District of Georgia's opinion. On May 21, 2019, plaintiff filed its appeal and memorandum in support in the Eleventh Circuit. The Company filed its response to plaintiff's appeal memorandum on July 3, 2019. Plaintiff's appeal and the Company's cross-appeal is now fully briefed and waiting for disposition by the Eleventh Circuit. The Company intends to continue to vigorously defend the dismissal of this action. In Lehman Brothers Special Financing, Inc. v. Bank of America National Association, et. al, in U.S. Bankruptcy Court, Southern district of New York, Lehman Brothers Special Financing, Inc. ("LBSF") seeks to recover from the Company, as a noteholder defendant, sums it received from a collateralized debt obligation ("CDO") note following the bankruptcy of Lehman Brothers Holdings, Inc. ("LBHI"), alleging that the Company and other unrelated noteholders (the "Defendant Group") not entitled to the amounts received. On June 28, 2016, the court granted the Company's motion to dismiss. The court's order became final and appealable on January 24, 2017. LBSF filed a notice of appeal to the United States Court of Appeals for the Second Circuit on February 6, 2017. On March 14, 2018, the District Court affirmed the decision of the Bankruptcy Court. In a filing dated April 13, 2018, LBSF appealed the District Court's decision to the United States Court of Appeals for the Second Circuit. Oral argument occurred on June 26, 2019, and the Court has taken the decision under advisement. The Company intends to vigorously defend the dismissal of the action. The Company and its affiliates have been subject to a number of industry wide regulatory investigations concerning unclaimed property practices and escheatment practices. The West Virginia treasurer's office had initiated a lawsuit with respect to unclaimed property relating to West Virginia policies, in which the Company is a defendant. The defendants in that case made a motion to dismiss the complaint in its entirety, which was granted in December 2013. The West Virginia treasurer's office appealed that dismissal and in June 2015 the West Virginia Supreme court reversed the dismissal and remanded the case back to the trial court to, among other things, permit the Treasurer to examine insurers for compliance with unclaimed property laws. The Company and GLIC elected to participate in the early alternative dispute resolution procedure outlined in the trial court's post-remand case management order and a first meeting to mediate the matter was held on February 1, 2017. Also, the Company is currently being examined by Delaware's Department of Finance, which has retained a third-party audit firm, Kelmar Associates, LLC, to examine the Company. On November 16, 2017, the Company notified Delaware of its intention to convert the audit to a review under the Secretary of State Unclaimed Property Voluntary Disclosure Agreement Program. Delaware authorized this conversion request on December 5, 2017, and, on February 5, 2020, Delaware signed a Voluntary Self Disclosure Agreement with Genworth that will conclude this audit with de minimis payment by Genworth of an extrapolated unclaimed property amount. As of December 31, 2019, the Company could not determine or predict the ultimate outcome of any of the pending legal and regulatory matters specifically identified above. In light of the inherent uncertainties involved in these matters, no amounts have been accrued. The Company is not able to provide an estimate or range of possible losses related to these matters. (B) GUARANTY ASSOCIATION ASSESSMENTS The Company is required by law to participate in the guaranty fund associations of the various states in which it is licensed to do business. The state guaranty associations ensure payment of guaranteed benefits, with certain restrictions, to policyholders of impaired or insolvent insurance companies by assessing all other companies operating in similar lines of business. F-56 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) As of December 31, 2019 and 2018, the Company has accrued and recognized through net operations a liability for retrospective premium-based guaranty fund assessments of $7.1 and $7.3, respectively, and a related premium tax benefit asset of $7.6 and $7.4, respectively. These amounts represent management's best estimate based on information received from the states in which the Company writes business and may change due to many factors including the Company's share of the ultimate cost of current insolvencies. The premium tax benefit is generally realized over a five year period, but can vary depending on the state law. The following table provides information about the Company's guaranty funds receivable as of December 31, 2019 and 2018:

2019 2018 ---- ---- Assets recognized from paid and accrued premium tax offsets and policy surcharges prior year end............................................ $7.4 $8.0 Decreases current year: Premium tax offset applied...................................... 0.4 0.5 Other adjustment................................................ -- 0.1 True up adjustment.............................................. -- 0.5 Increases current year: Cash payment adjustment......................................... 0.4 0.5 True up adjustment.............................................. 0.2 -- ---- ---- Assets recognized from paid and accrued premium tax offsets and policy surcharges current year end.......................................... $7.6 $7.4 ==== ====

The Company's guaranty fund liabilities and assets related to assessments from insolvencies of entities that wrote LTC contracts were de minimis as of December 31, 2019. The following provides information related to guaranty fund liabilities and assets related to assessments from insolvencies of entities that wrote LTC contracts as of December 31, 2018:

2018 ---------------------------------------------------------------------------------------------- GUARANTY FUND ASSESSMENT RELATED ASSETS ----------------------- ----------------------- NAME OF THE INSOLVENCY UNDISCOUNTED DISCOUNTED UNDISCOUNTED DISCOUNTED ---------------------- ------------ ---------- ------------ ---------- American Network Insurance Company............ $0.4 $-- $0.2 $-- Penn Treaty Network Company America Insurance Company..................................... 0.4 -- 0.4 -- ---- --- ---- --- Total......................................... $0.8 $-- $0.6 $-- ==== === ==== ===

In 2009, the Pennsylvania Insurance Commissioner (the "Commissioner") placed long-term care insurer Penn Treaty Network Company America Insurance Company and one of its subsidiaries, American Network Insurance Company (collectively, "Penn Treaty") in rehabilitation, an intermediate action before insolvency, and subsequently petitioned a state court to convert the rehabilitation into a liquidation. On November 9, 2016, the state court held a hearing on the Commissioner's petition to convert the rehabilitation into liquidation with no objections. On March 1, 2017, the Pennsylvania Commonwealth court approved petitions to liquidate Penn Treaty due to financial difficulties that could not be resolved through rehabilitation. As a result, the Company accrued guaranty fund liabilities of $0.9 in 2017 related to Penn Treaty. The Company recorded a pre-tax impact of $0.3, net of premium tax credits, in 2017 related to Penn Treaty. The amounts shown in the charts above in the guaranty fund assessments column represent the assessments paid to guaranty associations and the amounts shown in the related assets column are the premium tax credit available. F-57 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (C) RELATED PARTY GUARANTEES The Company has guaranteed the structured settlement payment obligations of ASI, provided that such obligations are funded with the Company's annuity contracts. ASI is a direct, wholly-owned subsidiary of the Company and the assignment company for the Company's structured settlement business. There are no current obligations by the Company under the guarantee nor does the Company expect to make any future payments. However, if any payments were to be made they would be treated as a capital contribution. The maximum amount of payments that could be made under the guarantee is equal to the structured settlement payment obligations of ASI. The structured settlement reserves related to this guarantee were $264.0 as of December 31, 2019. The guarantee will remain intact until modified or rescinded by the Company's board of directors. (D) COMMITMENTS As of December 31, 2019, the Company had future commitments of $4.8 on its investments in limited partnerships and $5.0 in private placement securities. These limited partnerships are part of the Company's private equity and real estate programs. The funding commitments relate to future equity stakes taken in portfolio of private companies and investments in fixed maturity securities. (8)REINSURANCE The Company follows the standard industry practices of reinsuring portions of its risk with other companies. Use of reinsurance does not discharge the Company from liability on the insurance ceded. The Company is required to pay in full the amount of its insurance obligations regardless of whether it is entitled or able to receive payment from its reinsurer. The Company monitors both the financial condition of the reinsurers as well as risk concentrations arising from activities and economic characteristics of the reinsurers to lessen the risk of default by such reinsurers. The maximum amounts of life insurance retained by the Company on any one life may not exceed the following limits: individual life, $5.0; accidental death benefit, $0.1; group life, $0.2; group mortgage accidental benefits, $0.1; and payroll deduction and 401(k) automatic issue coverage, $0.2. Amounts in excess of these maximums are reinsured with other insurance companies. On March 6, 2019, Scottish Re US Inc. ("Scottish Re"), a reinsurance company domiciled in Delaware, was ordered into receivership for the purposes of rehabilitation by the Court of Chancery of the State of Delaware. It was contemplated that a plan of rehabilitation for Scottish Re, if feasible, would be filed and approved within 120 days of the Rehabilitation Order. However, the plan of rehabilitation has not been filed to date. Total ceded reserves to Scottish Re were $17.3 as of December 31, 2019. As of December 31, 2019, reinsurance recoverable included $7.4 related to Scottish Re, but the Company nonadmitted $7.2 for amounts over 90 days past due. At this time, the Company expects to collect all amounts due from Scottish Re; however, it will continue to monitor the developments related to the rehabilitation. The effects of reinsurance on premiums earned and benefits incurred for the years ended December 31, 2019, 2018 and 2017 were as follows:

PREMIUMS EARNED BENEFITS INCURRED ------------------------------- ------------------------------- 2019 2018 2017 2019 2018 2017 --------- --------- --------- --------- --------- --------- Direct.. $ 1,179.3 $ 1,226.6 $ 1,295.6 $ 2,201.8 $ 2,251.4 $ 2,212.2 Assumed. 287.2 299.0 350.5 248.4 261.3 241.9 Ceded... (2,367.5) (1,519.2) (1,125.4) (1,722.2) (1,689.7) (1,575.8) --------- --------- --------- --------- --------- --------- Net.. $ (901.0) $ 6.4 $ 520.7 $ 728.0 $ 823.0 $ 878.3 ========= ========= ========= ========= ========= =========

F-58 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The Company did not have any retrospectively rated contracts or contracts subject to redetermination. AFFILIATED SPECIAL PURPOSE CAPTIVES REINSURANCE TRANSACTIONS The Company has over the past years entered into significant reinsurance treaties with its subsidiaries to cede universal and term life insurance policies. Reserves ceded by the Company as of December 31, 2019 and 2018 related to these treaties were as follows:

2019 2018 -------- -------- UNIVERSAL LIFE INSURANCE BUSINESS Rivermont......................... $ -- $ 441.2 JLIC.............................. 60.9 60.8 TERM LIFE INSURANCE BUSINESS RLIC VI........................... $2,383.7 $ 808.0 RLIC VII.......................... 502.4 577.7 RLIC VIII......................... 1,046.8 1,038.1 RLIC IX........................... -- 773.0 RLIC X............................ 806.9 744.4

Rivermont The Company previously was a party to an indemnity reinsurance agreement with Rivermont to cede certain universal life insurance reserves from the Company to Rivermont on a coinsurance and modified coinsurance ("Modco") basis for policies issued by or assumed from other affiliates of the Company with policy effective dates in calendar year 1999 and January 1, 2001 through June 30, 2006. Effective December 1, 2019, the Company recaptured all of the universal life insurance business previously ceded to Rivermont with such business having $455.2 and $391.4 in coinsurance and modified coinsurance reserves, respectively, as of November 30, 2019 and terminated this reinsurance agreement. As consideration for the recapture, Rivermont paid the Company a recapture fee of $101.7 which represented approximately 80% of the excess economic reserves of the recaptured business. For the recapture fee, Rivermont transferred bonds with market value of $97.1 and a book value of $82.0, accrued interest of $0.9 and cash of $3.7 to the Company. The difference between the recaptured coinsurance reserves of $455.2 and the book value of the assets transferred for the recapture fee recorded through commissions and expense allowances on reinsurance ceded of $86.6 was recorded as a statutory net loss of $368.6 for the Company in 2019. The universal life insurance business recaptured from Rivermont was subsequently ceded to RLIC VI in December 2019 as discussed below. As of December 31, 2019, there was no remaining reinsurance in Rivermont. Pursuant to the special tax sharing agreements discussed in Note 6 between the Company and Rivermont, the Company was responsible for the U.S. federal income tax liabilities of Rivermont (to the extent of its tax loss account established as part of its special tax sharing agreement with the Company). As a result of the special tax sharing agreement and the tax-free treatment, there was no impact on the Company's tax obligations with respect to federal income taxes of Rivermont due to the reinsurance transaction discussed above. Genworth Holdings entered into a limited guaranty with Rivermont pursuant to which Genworth Holdings guaranteed that Rivermont would receive a prescribed rate of return on the Modco reinsurance assets. The intent of the limited guaranty was to mitigate credit/interest rate risk within Rivermont and leave Rivermont with only insurance (mortality) risk. The Genworth Holdings limited guaranty provided Rivermont with the required liability payments in the event that there was a shortfall in Rivermont's ability to fund its interest obligations. The probability of a Genworth Holdings payment was remote and would only occur if cash flows from (a) actual earned interest income from economic reserve assets, (b) investment F-59 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) income on Modco reinsurance assets, and (c) calculated experience refunds from mortality gains, are insufficient to cover the liability payments. The limited guaranty was terminated effective December 31, 2019. The value of the limited guaranty was $2.1 as of December 31, 2018. In 2006, as a first part of the securitization of its excess AG38 (also known as AXXX) reserves, Rivermont sold $315.0 of surplus notes to fund the excess AXXX statutory reserves for the universal life insurance business that was assumed from the Company. Assets were held in a trust to the benefit of the Company as collateral. In January 2020, Rivermont redeemed all of its $315.0 of outstanding surplus notes. Genworth entered into a liquidity commitment agreement with Rivermont and the capital market trusts that held the surplus notes issued by Rivermont. The liquidity commitment agreement maintained that Genworth would, on the maturity date of the surplus notes (45 years from date of issue) loan to each capital market trust an amount equal to the then market value of assets held in the reinsurance trust. The liquidity commitment agreement was terminated effective January 27, 2020. On October 24, 2006, the Company also entered into an agreement with MBIA, the financial guarantor, for the benefit of Rivermont. The agreement, among other things, obligated the Company (subject to certain exclusions) to indemnify and hold harmless Rivermont, MBIA, and Milliman from and against any and all claims, liabilities, losses, costs and expenses, and damages that may be incurred by or asserted against Rivermont, MBIA and Milliman by any party relating to or arising out of the transactions contemplated by the reinsurance agreement between the Company and Rivermont dated October 24, 2006, or certain related agreements, to the extent that such losses, claims, liabilities, expenses or damages resulted from Rivermont's failure to make any payment required to be made by it to any party under any such agreement, but excluding any payments of premiums, fees and expenses to be made in the ordinary course, and payments of principal and interest on the surplus notes issued by Rivermont. This agreement was also terminated effective January 27, 2020. JLIC The Company has reinsurance agreements whereby it cedes certain universal life and term life insurance policies to JLIC. RLIC VI The Company is a party to a coinsurance reinsurance agreement with RLIC VI whereby it previously only ceded certain term life insurance business to RLIC VI. Effective December 1, 2019, the Company amended and restated the coinsurance treaty with RLIC VI to include additional term life and universal life insurance business which was recaptured by the Company from RLIC IX and Rivermont in December 2019 and then ceded to RLIC VI. As a result of this amendment, the Company ceded $1,583.9 of initial premium, with an initial allowance of $888.0 to RLIC VI in 2019. The net consideration of $695.8 was withheld by the Company and recorded as funds withheld. For U.S. federal income tax purposes, the reinsurance transactions discussed above between the Company and RLIC VI effective December 1, 2019 were treated as tax-free reinsurance transactions. Therefore, the assets and liabilities of RLIC IX and Rivermont that were recaptured by the Company and subsequently ceded to RLIC VI were transferred without the recognition of a tax gain or loss. Pursuant to the special tax sharing agreement discussed in Note 6 between the Company and RLIC VI, the Company was responsible for the U.S. federal income tax liabilities of RLIC VI (to the extent of its tax loss account established as part of its special tax sharing agreement with the Company). As a result of the special tax sharing agreement and the tax-free treatment, there was no impact on the Company's tax obligations with respect to federal income taxes of RLIC VI due to the reinsurance transactions discussed above. F-60 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) Effective December 1, 2019, RLIC VI also entered into a new MRT reinsurance agreement with Hannover Re (Ireland) DAC ("Hannover Re Ireland") whereby it retroceded 100% of the mortality risk on the additional term life insurance business assumed from the Company on December 1, 2019 to Hannover Re Ireland. RLIC VI previously entered into a MRT reinsurance agreement with GLIC to cede the mortality risk on the reinsurance policies assumed from the Company. This MRT reinsurance agreement excluded those policies which were originally written by GLIC. Effective December 1, 2017, RLIC VI recaptured the MRT reinsurance agreement with GLIC and simultaneously entered into a new MRT reinsurance agreement with New Reinsurance Company Ltd ("NewRe") whereby it retrocedes 100% of the mortality risk assumed from the Company to NewRe. RLIC VI also entered into an XOL reinsurance agreement with the Company and Canada Life, which was approved by the Virginia Bureau as a form of security otherwise acceptable to the Commissioner in order for the Company to take reinsurance credit on its balance sheet for the amount of its reinsurance credits for reserves ceded to RLIC VI in an amount, subject to a cap, equal to the difference between the statutory reserves and the qualified reserves with respect to such business. The coinsurance treaty between the Company and RLIC VI, as well as the XOL reinsurance agreement between the Company, RLIC VI, and Canada Life were amended to reflect the MRT reinsurance agreement change. Under the XOL reinsurance agreement with Canada Life, Canada Life Michigan would pay claims up to the difference between full statutory reserves and qualified reserves, subject to a cap, if both the funds withheld account and RLIC VI's capital and surplus, as supported by settlements under the New Re MRT treaty, are exhausted to zero. Effective December 1, 2019, RLIC VI terminated this treaty with Canada Life Michigan and the Company and entered into a new XOL treaty in order to increase the size of the XOL coverage amount given the additional business assumed from the Company. Under the new XOL treaty, in general, Canada Life Barbados will pay claims up to the difference between (i) full statutory reserves and (ii) the combination of the qualified reserves and economic reserves, subject to a cap, as supported as settlements under the New Re MRT treaty and the Hannover Re MRT treaty, if the term life and universal life funds withheld accounts and RLIC VI's capital and surplus are exhausted to zero. During 2019, 2018 and 2017, under the terms of the coinsurance treaty with RLIC VI, the Company recaptured term life insurance policies from RLIC VI where the level term period of the policies had expired. Reserves held on recaptured policies were $1.5, $2.4 and $0.2 at the beginning of the period of recapture for the years ended December 31, 2019, 2018 and 2017, respectively. RLIC VII The Company is a party to a coinsurance with funds withheld agreement with RLIC VII whereby it cedes certain term life insurance business to RLIC VII. RLIC VII is also a party to a MRT reinsurance agreement with SCOR Global Life USA to retrocede 90% of the mortality risk on policies assumed from the Company. The Company is also a party to a XOL treaty with SCOR Global Life SE and RLIC VII. As per the XOL treaty, SCOR Global Life SE will pay claims up to the difference between full statutory reserves and qualified reserves, if both the funds withheld account and RLIC VII's capital and surplus, as supported by settlements under the MRT treaty, are exhausted. During 2017, under the terms of the coinsurance treaty with RLIC VII, the Company recaptured term life insurance policies from RLIC VII where the level term period of the policies had expired. Reserves ceded on recaptured policies were $2.6 at the beginning of the period of recapture. F-61 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) RLIC VIII The Company is a party to a coinsurance with funds withheld agreement with RLIC VIII to cede term life insurance business. RLIC VIII entered into a MRT reinsurance agreement with SCOR Global Life USA Reinsurance Company to retrocede 90% of the mortality risk on the reinsurance policies assumed from the Company. The Company also entered into an XOL reinsurance agreement with RLIC VIII and SCOR Global Life SE, which was approved by the Virginia Bureau as a form of security otherwise acceptable to the Commissioner in order for the Company to take reinsurance credit on its balance sheet for the amount of its reinsurance credits for reserves ceded to RLIC VIII in an amount equal to the difference between the statutory reserves and the qualified reserves with respect to such business. During 2017, under the terms of the coinsurance agreement with RLIC VIII, the Company recaptured term life insurance policies from RLIC VIII where the level term period of the policies had expired. Reserves ceded on recaptured policies were $2.1 at the beginning of the period of recapture. RLIC IX The Company was a party to a coinsurance with funds withheld agreement to cede certain term life insurance business to RLIC IX. RLIC IX also entered into a MRT reinsurance agreement with Hannover Re (Ireland) Plc ("Hannover Ireland") to retrocede 100% of the mortality risk on the reinsured policies assumed from the Company to Hannover Ireland. Effective December 1, 2019, the Company recaptured all of the term life insurance business previously ceded to RLIC IX with such business having $737.3 in reserves as of November 30, 2019 and terminated the RLIC IX Coinsurance Treaty. As consideration for the recapture, RLIC IX paid the Company a net terminal payment of $0.9 in cash on December 12, 2019. The difference between the recaptured reserves of $737.3 and the terminal reserve adjustment recorded through commissions and expense allowances on reinsurance ceded of $225.3 was recorded as a statutory net loss of $512.0 for the Company in 2019. The term life insurance business recaptured from RLIC IX was subsequently ceded to RLIC VI in December 2019 as discussed above. Additionally, the MRT reinsurance agreement between RLIC IX and Hannover Ireland was recaptured and terminated effective December 1, 2019. Effective July 1, 2016, the Company entered into an XOL reinsurance agreement with Canada Life and RLIC IX. As per this XOL reinsurance agreement, Canada Life would pay claims up to the difference between full statutory reserves and qualified reserves subject to a cap, if both the funds withheld account and the RLIC IX capital and surplus, as supported by settlements under the MRT reinsurance agreement between the Company and Hannover Ireland, were exhausted. This agreement was terminated effective December 1, 2019. As of December 31, 2019, there was no remaining reinsurance in RLIC IX. Pursuant to the special tax sharing agreement discussed in Note 6 between the Company and RLIC IX, the Company was responsible for the U.S. federal income tax liabilities of RLIC IX (to the extent of its tax loss account established as part of its special tax sharing agreement with the Company). As a result of the special tax sharing agreement and the tax-free treatment, there was no impact on the Company's tax obligations with respect to federal income taxes of RLIC IX due to the reinsurance transactions discussed above. RLIC X The Company is a party to a coinsurance with funds withheld agreement with RLIC X whereby it cedes certain term life insurance business to RLIC X. The Company also entered into an XOL reinsurance agreement with RLIC X and Hannover, which was approved by the Virginia Bureau as a form of security otherwise acceptable to the Commissioner in order for the Company to take F-62 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) reinsurance credit on its balance sheet for the amount of its reinsurance credits for reserves ceded to RLIC X in an amount subject to a cap, equal to the difference between the statutory reserves and the qualified reserves with respect to such business. Effective July 31, 2016, the Company terminated this XOL reinsurance agreement with Hannover and RLIC X for new business. The XOL reinsurance agreement remains in effect for policies issued on or prior to July 31, 2016. RLIC X entered into a MRT reinsurance agreement with GLIC to retrocede the mortality risk on the reinsured policies assumed from the Company to GLIC. This MRT reinsurance agreement excluded those policies which were originally written by GLIC. Effective December 1, 2017, RLIC X recaptured the MRT reinsurance agreement with GLIC and simultaneously entered into a new MRT reinsurance agreement with NewRe whereby it retrocedes 100% of the mortality risk assumed from the Company to NewRe. The coinsurance treaty between the Company and RLIC X, as well as the XOL between the Company, RLIC X, and Hannover were amended to reflect the MRT reinsurance agreement change. During 2019, under the terms of its coinsurance treaty with RLIC X, the Company recaptured term life insurance policies from RLIC X where the level term period of the policies had expired. Reserves held on recaptured policies were $0.6 at the beginning of the period of recapture. OTHER AFFILIATE REINSURANCE TRANSACTIONS Effective January 1, 2000, the Company ceded new term and universal life insurance business to GLIC. These agreements were terminated with respect to new business in 2001. Effective September 1, 2016, the Company recaptured most liabilities on the universal life insurance policies ceded to GLIC. Ceded reinsurance reserves to GLIC as of December 31, 2019 and 2018 were $852.0 and $1,073.2, respectively. Effective April 1, 2011, the Company amended and restated its existing universal life insurance treaty with GLIC to assume certain additional universal life insurance policies including total living coverage ("TLC") insurance policies from GLIC. Effective September 1, 2016, GLIC recaptured all of the liabilities of the TLC insurance policies ceded to the Company. Reserves assumed as of December 31, 2019 and 2018 were $1,407.8 and $1,333.1, respectively. Effective October 1, 2013, the Company entered into a Modco reinsurance agreement with GLIC to assume single premium deferred annuity business on a Modco basis. Effective July 1, 2017, GLIC recaptured this reinsurance agreement resulting in the recapture of $263.4 of modified coinsurance reserves and paid a recapture payment of $4.3 to the Company. Effective November 1, 2016, the Company amended and restated its existing LTC treaty with GLIC to cede the remaining LTC policies to GLIC. Reserves ceded as of December 31, 2019 and 2018 were $85.0 and $89.8, respectively. Effective April 1, 2017, the Company assumed certain term life insurance business from GLIC with an initial premium of $68.9 and paid a ceding commission of $48.6 to GLIC. For the net settlement, GLIC transferred bonds of $7.7, mortgage loans of $8.2 and cash of $4.4 to the Company. Reserves assumed as of December 31, 2019 and 2018 were $51.6 and $53.8, respectively. Effective April 1, 2017, the Company assumed certain universal life insurance business from GLIC with an initial premium of $101.0 and paid a ceding commission of $4.9 to GLIC. For the net settlement, GLIC transferred bonds of $79.8, mortgage loans of $14.4 and cash of $0.2 to the Company resulting in a loss of $1.7. Reserves assumed as of December 31, 2019 and 2018 were $127.1 and $124.4, respectively. Effective April 1, 2017, the Company assumed certain single premium whole life insurance business from GLIC with an initial premium of $134.6 and paid a ceding commission of $2.8 to GLIC. For the net settlement, GLIC transferred bonds of $89.8, mortgage loans of $26.1, policy loans of $14.9 and cash of $0.3 to the Company resulting in a loss of $0.7. Reserves assumed as of December 31, 2019 and 2018 were $110.9 and $119.7, respectively. F-63 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) SIGNIFICANT EXTERNAL REINSURERS On April 15, 2004, the Company entered into two reinsurance agreements with Union Fidelity Life Insurance Company ("UFLIC") pursuant to which it ceded, effective as of January 1, 2004, substantially all its variable annuity block of business and its structured settlement block of business to UFLIC. Ceded general account reinsurance reserves to UFLIC for the variable annuity block of business as of December 31, 2019 and 2018 were $578.4 and $618.9, respectively, and Modco reserves established by the Company as of December 31, 2019 and 2018 for the separate accounts were $1,565.8 and $1,454.0, respectively. Ceded reinsurance reserves for the structured settlement block of business as of December 31, 2019 and 2018 were $5,192.5 and $5,329.5, respectively. Under a separate reinsurance agreement, the Company assumed a Medicare supplement block of business from UFLIC. The assumed reserves for this block of business as of December 31, 2019 and 2018 were $0.4 and $0.5, respectively. To secure the payment of its obligations to the Company under the reinsurance agreements governing the reinsurance transactions, UFLIC has established trust accounts to maintain an aggregate amount of assets with a statutory book value at least equal to the statutory general account reserves attributable to the reinsured business less an amount to be held in certain claims paying accounts. A trustee administers the trust accounts and the Company is permitted to withdraw from the trust accounts amounts due to the Company pursuant to terms of the reinsurance agreements that are not otherwise paid by UFLIC. As of December 31, 2019, the amount of assets in the trust was $5,744.5. Effective December 1, 2013, immediately after recapturing a substantially similar block of business from Hannover, the Company entered into a new reinsurance agreement with Hannover to cede certain universal life and term life insurance business on coinsurance, Modco with funds withheld and yearly renewable term ("YRT") basis. As of December 31, 2019 and 2018, ceded Modco reserves were $752.9 and $752.8, respectively. Ceded yearly renewable term reserves were $152.7 and $154.4, respectively, and ceded coinsurance reserves were $1,430.7 and $1,370.4, respectively. Effective December 1, 2018, the Company amended an existing treaty with Hannover containing both term and universal life insurance contracts that are reinsured on a combined coinsurance/modified coinsurance ("Co/ Modco") basis and YRT basis. This amendment included the following: . Term life insurance conversions issued in 2001 through June 2006 previously reinsured on a 100% quota share YRT basis changed to a 100% quota share Co/Modco basis. . Term life insurance issued in 1996 through 2000 previously reinsured on a 25% quota share YRT basis was recaptured and added to an existing reinsurance agreement with the Canada Life as discussed further below. . Universal life insurance issued in 1980 through 1998 previously reinsured on a 100% quota share YRT basis via a separate reinsurance agreement with Hannover was recaptured and added to this treaty on a 100% quota share YRT basis. . Term universal life insurance issued in 2009 through 2014 previously reinsured on a 100% quota share YRT basis via a separate reinsurance agreement with Hannover was changed to 80% quota share and the 20% quota share was added to this treaty. The items above resulted in a net increase of $293.0 in ceded reserves and an initial gain of $94.3 of which $74.5, net of tax, was deferred. Effective December 1, 2018, the Company also executed several recaptures that were included as part of this amendment, collectively referred to as the "December 1, 2018 Hannover Amendment" in the discussion below. The net impact on ceded reserves of the December 1, 2018 Hannover Amendment was $141.3. Effective December 1, 2018, the Company also amended an existing treaty with Canada Life reinsuring a 75% quota share of certain term life insurance business on a YRT basis. As discussed above, the term life insurance issued in 1996 through 2000 previously reinsured to Hannover on a 25% quota share YRT basis was recaptured and added to this treaty, increasing the quota share to 100%. The amendment resulted in a net increase of $56.7 in ceded reserves and an initial gain of $27.7, of which $21.9, net of tax, was deferred. F-64 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) Effective December 31, 2014, the Company entered into a reinsurance agreement with Hannover to cede certain term universal life insurance business on a yearly renewable term basis. Effective July 1, 2018, the Company recaptured certain universal life insurance contracts from Hannover under this reinsurance agreement and RGA Reinsurance Company, under a separate reinsurance agreement. As a result, the Company recaptured $105.1 of reserves and received a recapture fee of $0.4. Effective August 1, 2018, the Company amended an existing YRT treaty with Hannover to cede all term universal life insurance contracts that were included in the business recaptured on July 1, 2018, except those written by the Company's affiliate, GLICNY. Additionally, contracts included in the existing treaty prior to the amendment on an 80% quota share were increased to a 100% quota share under that amendment. That amendment resulted in $114.3 of initial premiums ceded to Hannover and $94.0 of ceded reserves. As discussed above, the Company further amended the Hannover treaty, reducing the quota share to 80% and added the recaptured 20% quota share to the December 1, 2018 Hannover Amendment. This resulted in a net decrease of $45.4 in ceded reserves (included in the net impact above for the December 1, 2018 Hannover Amendment). On December 28, 2017, the Company entered into a binding letter of intent ("LOI") with Hannover. The Company recognized $112.4 of ceded reserves for the LOI as of December 31, 2017. On March 21, 2018, the Company executed the YRT agreement with Hannover to cede certain universal life insurance business, effective December 31, 2017, in response to the LOI. This business was recaptured as part of the December 1, 2018 Hannover Amendment discussed above. The recapture resulted in a net decrease of $106.4 in ceded reserves (included in the net impact above for the December 1, 2018 Hannover Amendment). Effective January 1, 2016, the Company entered into a coinsurance agreement with Protective Life Insurance Company ("Protective Life") to cede certain term life insurance business. As of December 31, 2019 and 2018, ceded reserves were $1,800.8 and $2,010.4, respectively. Ceding Entities that Utilize Captive Reinsurers to Assume Reserves Subject to the XXX/AXXX Captive Framework As of December 31, 2019, the Company had one reinsurance agreement carried under the Term and Universal Life Insurance Reserve Financing Model Regulation, for which risks under covered policies have been ceded by the Company to RLIC X. There were no RBC implications as there was no shortfall as of December 31, 2019. (9)STATUTORY CAPITAL AND SURPLUS AND DIVIDEND RESTRICTION The NAIC utilizes RBC to evaluate the adequacy of statutory capital and surplus in relation to risks associated with: (1) asset risk, (2) insurance risk, (3) interest rate and equity market risk, and (4) business risk. The RBC formula is designed as an early warning tool for the states to identify potential undercapitalized companies for the purpose of initiating regulatory action. In the course of operations, the Company periodically monitors the level of its RBC and it exceeded the minimum required levels as of and for the years ended December 31, 2019, 2018 and 2017. The RBC ratio of the Company was 877% and 845% as of December 31, 2019 and 2018, respectively. State insurance departments, which regulate insurance companies, recognize only statutory accounting practices for determining and reporting the financial condition and results of operations of an insurance company, for determining its solvency under law, and for determining whether its financial condition warrants payment of a dividend to its shareholder. The maximum amount of dividends that can be paid by the Company without prior approval of the Virginia Bureau is subject to restrictions. The maximum unrestricted dividend payout that may be made in 2020 is the greater of 10% of the Company's statutory capital and surplus as of December 31, 2019 or its net gain from operations for 2019, with such dividend payout not to exceed the Company's earned surplus. The Company has no capacity to make a dividend payment without prior approval in 2020. F-65 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (10)SEPARATE ACCOUNTS The Company has separate account assets and liabilities related to closed blocks of variable universal life insurance, individual and group variable deferred annuities and modified guaranteed annuities. Separate account assets are carried at fair value and are offset by liabilities that represent the policyholders' equity in those assets. The Company earns mortality and expense risk fees from the separate accounts and may assess withdrawal charges in the event of early withdrawals. Separate account variable universal life insurance contracts include a GMDB and a secondary no-lapse guarantee, which keeps the policy in-force as long as minimum scheduled premiums are paid. Variable annuity contracts may include a GMDB, a guaranteed payout annuity floor (similar to a guaranteed minimum income benefit), a guaranteed minimum income benefit or guaranteed minimum withdrawal benefit or a combination thereof. These guarantees are backed by investments held in the general account. The separate account assets without guarantees represent variable life and annuity products with assets and liabilities valued at fair value. The Company bears no market or default risk for these assets. The total amounts paid from the general account to the separate account related to separate account guarantees for the preceding five years ended December 31, 2019, 2018, 2017, 2016 and 2015 were $30.9, $23.3, $25.3, $34.8 and $26.8, respectively. To compensate the general account for the risks taken, the separate accounts has paid risk charges of $31.1, $34.3, $41.2, $45.7 and $49.2, for the past five years ended December 31, 2019, 2018, 2017, 2016 and 2015, respectively. Assets supporting the Company's separate account product contracts of $5,691.8 and $5,451.1 as of December 31, 2019 and 2018, respectively, were considered legally insulated and not subject to claims of the general account. Information regarding the separate accounts of the Company as of and for the year ended December 31, 2019 was as follows:

NON-INDEXED GUARANTEE NON-INDEXED NON-GUARANTEED LESS THAN OR GUARANTEE SEPARATE EQUAL TO 4% MORE THAN 4% ACCOUNTS TOTAL ------------ ------------ -------------- -------- Premiums, considerations or deposits for the year ended December 31, 2019.......................... $ -- $ -- $ 27.6 $ 27.6 ==== ==== ======== ======== Reserves as of December 31, 2019: For accounts with assets at: Fair value.................................. $9.2 $5.4 $5,653.9 $5,668.5 ---- ---- -------- -------- Total reserves.............................. $9.2 $5.4 $5,653.9 $5,668.5 ==== ==== ======== ======== By withdrawal characteristics: With fair value adjustment.................. $9.2 $5.4 $ -- $ 14.6 At fair value............................... -- -- 5,653.9 5,653.9 ---- ---- -------- -------- Subtotal.................................... 9.2 5.4 5,653.9 5,668.5 Not subject to discretionary withdrawal..... -- -- -- -- ---- ---- -------- -------- Total....................................... $9.2 $5.4 $5,653.9 $5,668.5 ==== ==== ======== ========

F-66 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) Reconciliation of net transfers to (from) separate accounts for the year ended December 31, 2019 was as follows:

2019 ------- Transfers as reported in the Summary of Operations of the separate accounts statement: Transfers to separate accounts..................................................................... $ 27.6 Transfers from separate accounts................................................................... 721.1 ------- Net transfers to separate accounts, per the separate accounts annual statement................. (693.5) Reconciling adjustments: Transfer to separate accounts -- reinsured......................................................... 222.7 ------- Net transfers from separate accounts, per the Statutory Statement of Summary of Operations..... $(470.8) =======

All assets, liabilities and surplus related to the separate accounts have been recorded in the financial statements. (11)LEASES The Company has entered into various lease obligations for field offices throughout the country as well as an operating lease for office equipment. These obligations are part of the Company's normal business operations and are not material in the aggregate. (12)FHLB FUNDING AGREEMENT (1)The Company is a member of the Federal Home Loan Bank of Atlanta ("FHLB Atlanta"). Through its membership, the Company has outstanding funding agreements with FHLB Atlanta, as of December 31, 2019, in the amount of $187.5, which related to total liabilities of $188.1. As of December 31, 2018, the Company had outstanding funding agreements with FHLB Atlanta in the amount of $212.5, which related to total liabilities of $213.2. The Company uses these funds for liquidity management and asset liability management in an investment spread strategy, consistent with its other investment spread programs. The Company records the funds under SSAP No. 52, consistent with its accounting for other deposit type contracts. It is not part of the Company's strategy to utilize these funds for operations, and any funds obtained from the FHLB Atlanta for use in general operations would be accounted for under SSAP No. 15, Debt and Holding Company Obligations, as borrowed money. The tables below indicate the amount of FHLB Atlanta stock purchased, collateral pledged, assets and liabilities related to the agreement with FHLB Atlanta as of December 31, 2019 and 2018. The Company's borrowing capacity, including issuance of letters of credit, is subject to a broad regulatory restriction that limits an insurer from pledging more than 7.0% of its net admitted assets. (2)The tables below indicate the amount of FHLB Atlanta stock purchased, collateral pledged, assets and liabilities related to the agreement with FHLB Atlanta as of December 31, 2019 and 2018: FHLB Capital Stock a. Aggregate Totals as of December 31, 2019 and 2018:

2019 ------------------------- GENERAL SEPARATE DESCRIPTION TOTAL ACCOUNT ACCOUNTS ----------- -------- ------- -------- Membership stock -- Class A......................................... $ -- $ -- $ -- Membership stock -- Class B......................................... 23.0 23.0 -- Activity stock...................................................... -- -- -- Excess stock........................................................ -- -- -- -------- ----- ---- Aggregate total..................................................... $ 23.0 $23.0 $ -- ======== ===== ==== Actual or estimated borrowing capacity as determined by the insurer. $1,000.0 XXX XXX

F-67 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions)

2018 ------------------------- GENERAL SEPARATE DESCRIPTION TOTAL ACCOUNT ACCOUNTS ----------- -------- ------- -------- Membership stock -- Class A................................. $ -- $ -- $ -- Membership stock -- Class B................................. 24.0 24.0 -- Activity stock.............................................. -- -- -- Excess stock................................................ -- -- -- -------- ----- ---- Aggregate total............................................. $ 24.0 $24.0 $ -- ======== ===== ==== Actual or estimated borrowing capacity as determined by the insurer................................................... $1,000.0 XXX XXX

b. Membership stock (Class A and B) eligible for redemption

6 MONTHS NOT ELIGIBLE LESS TO LESS 1 TO LESS FOR THAN THAN THAN 3 TO 5 MEMBERSHIP STOCK 2019 TOTAL REDEMPTION 6 MONTHS 1 YEAR 3 YEARS YEARS ---------------- ---------- ------------ -------- -------- --------- ------ Class A...... $ -- $-- $-- $-- $-- $ -- Class B...... 23.0 -- -- -- -- 23.0

(3)Collateral Pledged to FHLB a. Amount pledged as of December 31, 2019 and 2018:

FAIR CARRYING AGGREGATE TOTAL VALUE VALUE BORROWING ------ -------- --------------- 1. Current year total general and separate accounts total collateral pledged (Lines 2+3)................................................ $259.9 $220.0 $187.5 2. Current year general account total collateral pledged............. 259.9 220.0 187.5 3. Current year separate accounts total collateral pledged........... -- -- -- ------ ------ ------ 4. Prior year-end total general and separate accounts total collateral pledged................................................. $285.4 $248.9 $212.5

b. Maximum amount pledged during reporting period ending December 31, 2019 and 2018:

AMOUNT BORROWED AT FAIR CARRYING TIME OF MAXIMUM VALUE VALUE COLLATERAL ------ -------- ------------------ 1. Current year total general and separate accounts maximum collateral pledged (Lines 2+3)............................ $346.3 $295.1 $212.5 2. Current year general account maximum collateral pledged................................................... 346.3 295.1 212.5 3. Current year separate accounts maximum collateral pledged................................................... -- -- -- ------ ------ ------ 4. Prior year-end total general and separate accounts maximum collateral pledged................................ $285.4 $248.9 $212.5

F-68 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (4)Borrowing from FHLB a. Amount as of December 31, 2019 and 2018:

2019 - ----------------------------------- FUNDING AGREEMENTS GENERAL SEPARATE RESERVES DESCRIPTION TOTAL ACCOUNT ACCOUNTS ESTABLISHED ----------- ------ ------- -------- ----------- 1. Debt.................... $ -- $ -- $-- XXX 2. Funding agreements...... 187.5 187.5 -- $188.1 3. Other................... -- -- -- XXX ------ ------ --- ------ 4. Aggregate total (1+2+3). $187.5 $187.5 $-- $188.1 ====== ====== === ====== 2018 ----------------------------------- FUNDING AGREEMENTS GENERAL SEPARATE RESERVES DESCRIPTION TOTAL ACCOUNT ACCOUNTS ESTABLISHED ----------- ------ ------- -------- ----------- 1. Debt.................... $ -- $ -- $-- XXX 2. Funding agreements...... 212.5 212.5 -- $213.2 3. Other................... -- -- -- XXX ------ ------ --- ------ 4. Aggregate total (1+2+3). $212.5 $212.5 $-- $213.2 ====== ====== === ======

b. Maximum amount during reporting period ending December 31, 2019:

GENERAL SEPARATE DESCRIPTION TOTAL ACCOUNT ACCOUNTS ----------- ------ ------- -------- 1. Debt.......................... $ -- $ -- $-- 2. Funding agreements............ 252.5 252.5 -- 3. Other......................... -- -- -- ------ ------ --- 4. Aggregate total (Lines 1+2+3). $252.5 $252.5 $-- ====== ====== ===

c. FHLB -- prepayment obligations

DOES THE COMPANY HAVE PREPAYMENT OBLIGATIONS UNDER THE DESCRIPTION FOLLOWING ARRANGEMENTS (YES/NO)? ----------- -------------------------------- Debt............... No Funding agreements. No Other.............. No

F-69 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (13)FAIR VALUE OF FINANCIAL INSTRUMENTS The following tables set forth the Company's assets and liabilities that were reported at fair value as of December 31, 2019 and 2018:

2019 ------------------------------------------- NET ASSET VALUE LEVEL 1 LEVEL 2 LEVEL 3 (NAV) TOTAL -------- ------- ------- --------- -------- Assets Common stock: Industrial and miscellaneous.............. $ -- $ -- $ 23.0 $-- $ 23.0 -------- ----- ------ --- -------- Total common stock................... -- -- 23.0 -- 23.0 -------- ----- ------ --- -------- Cash equivalents: Money market mutual funds............... 222.5 -- -- -- 222.5 -------- ----- ------ --- -------- Total cash equivalents............. 222.5 -- -- -- 222.5 -------- ----- ------ --- -------- Derivative assets: Equity index options.................... -- -- 80.7 -- 80.7 -------- ----- ------ --- -------- Total derivative assets.................. -- -- 80.7 -- 80.7 -------- ----- ------ --- -------- Separate account assets......................... 5,658.4 24.2 1.1 -- 5,683.7 -------- ----- ------ --- -------- Total assets.............. $5,880.9 $24.2 $104.8 $-- $6,009.9 ======== ===== ====== === ========

2018 ------------------------------------------- NET ASSET VALUE LEVEL 1 LEVEL 2 LEVEL 3 (NAV) TOTAL -------- ------- ------- --------- -------- Assets Bonds: Commercial mortgage-backed............ $ -- $ 0.2 $ -- $-- $ 0.2 -------- ----- ----- --- -------- Total bonds............... -- 0.2 -- -- 0.2 -------- ----- ----- --- -------- Common stock: Industrial and miscellaneous.............. -- -- 24.0 -- 24.0 -------- ----- ----- --- -------- Total common stock................... -- -- 24.0 -- 24.0 -------- ----- ----- --- -------- Cash equivalents: Money market mutual funds............... 354.6 -- -- -- 354.6 -------- ----- ----- --- -------- Total cash equivalents............. 354.6 -- -- -- 354.6 -------- ----- ----- --- -------- Derivative assets: Equity index options.................... -- -- 39.0 -- 39.0 -------- ----- ----- --- -------- Total derivative assets.................. -- -- 39.0 -- 39.0 -------- ----- ----- --- -------- Separate account assets......................... 5,417.5 22.8 1.9 -- 5,442.2 -------- ----- ----- --- -------- Total assets.............. $5,772.1 $23.0 $64.9 $-- $5,860.0 ======== ===== ===== === ========

F-70 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The following tables present additional information about assets and liabilities measured at fair value for which the Company has utilized significant unobservable (Level 3) inputs to determine fair value as of December 31, 2019, 2018 and 2017:

2019 ------------------------------------------------------------------------------------------- TOTAL GAINS AND BEGINNING (LOSSES) TOTAL BALANCE INCLUDED GAINS AND AS OF TRANSFERS TRANSFERS IN NET (LOSSES) JANUARY 1, IN TO OUT OF INCOME INCLUDED INVESTMENTS 2019 LEVEL 3 LEVEL 3 (LOSS) IN SURPLUS PURCHASES ISSUANCES SALES SETTLEMENTS ----------- ---------- --------- --------- --------- ---------- --------- --------- ------ ----------- Common stock............. $24.0 $-- $-- $ -- $ -- $ 2.1 $-- $ (3.1) $ -- Separate account assets.. 1.9 -- -- -- (0.5) -- -- -- (0.3) Derivative assets........ 39.0 -- -- (5.3) 48.3 62.6 -- (63.9) -- ----- --- --- ----- ----- ----- --- ------ ----- Total assets.......... $64.9 $-- $-- $(5.3) $47.8 $64.7 $-- $(67.0) $(0.3) ===== === === ===== ===== ===== === ====== =====

------------- ENDING BALANCE AS OF DECEMBER 31, INVESTMENTS 2019 ----------- ------------ Common stock............. $ 23.0 Separate account assets.. 1.1 Derivative assets........ 80.7 ------ Total assets.......... $104.8 ======

2018 ------------------------------------------------------------------------------------------- TOTAL GAINS AND BEGINNING (LOSSES) TOTAL BALANCE INCLUDED GAINS AND AS OF TRANSFERS TRANSFERS IN NET (LOSSES) JANUARY 1, IN TO OUT OF INCOME INCLUDED INVESTMENTS 2018 LEVEL 3 LEVEL 3 (LOSS) IN SURPLUS PURCHASES ISSUANCES SALES SETTLEMENTS ----------- ---------- --------- --------- --------- ---------- --------- --------- ------ ----------- Common stock............. $16.1 $-- $-- $ -- $ -- $ 8.5 $-- $ (0.6) $ -- Separate account assets.. 3.2 -- -- -- (0.1) -- -- -- (1.2) Derivative assets........ 79.6 -- -- 16.2 (50.7) 74.8 -- (80.9) -- ----- --- --- ----- ------ ----- --- ------ ----- Total assets.......... $98.9 $-- $-- $16.2 $(50.8) $83.3 $-- $(81.5) $(1.2) ===== === === ===== ====== ===== === ====== =====

------------- ENDING BALANCE AS OF DECEMBER 31, INVESTMENTS 2018 ----------- ------------ Common stock............. $24.0 Separate account assets.. 1.9 Derivative assets........ 39.0 ----- Total assets.......... $64.9 =====

2017 -------------------------------------------------------------------------------------------- TOTAL GAINS AND BEGINNING (LOSSES) TOTAL BALANCE INCLUDED GAINS AND AS OF TRANSFERS TRANSFERS IN NET (LOSSES) JANUARY 1, IN TO OUT OF INCOME INCLUDED INVESTMENTS 2017 LEVEL 3 LEVEL 3 (LOSS) IN SURPLUS PURCHASES ISSUANCES SALES SETTLEMENTS ----------- ---------- --------- --------- --------- ---------- --------- --------- ------- ----------- Common stock............. $15.0 $-- $-- $ -- $ -- $ 1.1 $-- $ -- $ -- Separate account assets.. 5.0 -- -- -- -- -- -- -- (1.8) Derivative assets........ 72.0 -- -- 49.6 7.8 72.0 -- (121.8) -- ----- --- --- ----- ---- ----- --- ------- ----- Total assets.......... $92.0 $-- $-- $49.6 $7.8 $73.1 $-- $(121.8) $(1.8) ===== === === ===== ==== ===== === ======= =====

------------- ENDING BALANCE AS OF DECEMBER 31, INVESTMENTS 2017 ----------- ------------ Common stock............. $16.1 Separate account assets.. 3.2 Derivative assets........ 79.6 ----- Total assets.......... $98.9 =====

Realized and unrealized gains (losses) on Level 3 assets and liabilities are primarily reported in either net income (loss) or change in net unrealized capital gains (losses) based on the appropriate accounting treatment for the instrument. Purchases, sales, issuances and settlements represent the activity that occurred during the period that results in a change of the asset or liability but does not represent changes in fair value for the instruments held at the beginning of the period. Such activity primarily consists of purchases and settlements of investments. There were no gains or losses for the period included in net income (loss) attributable to unrealized gains (losses) related to assets still held as of the reporting date. F-71 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) The following tables set forth the Company's financial instruments' fair value, admitted amounts and level of fair value amounts as of December 31, 2019 and 2018:

2019 - ---------------------------------------------------------------------- NOT NET ASSET PRACTICABLE AGGREGATE ADMITTED VALUE (CARRYING FINANCIAL INSTRUMENTS FAIR VALUE ASSETS LEVEL 1 LEVEL 2 LEVEL 3 (NAV) VALUE) --------------------- ---------- --------- -------- --------- -------- --------- ----------- Bonds.................... $12,782.2 $11,455.4 $ -- $11,604.2 $1,178.0 $-- $-- Preferred and common stocks-nonaffiliates... 63.4 62.0 13.7 25.7 24.0 -- -- Separate account assets.. 5,683.7 5,683.7 5,658.4 24.2 1.1 -- -- Mortgage loans........... 1,873.2 1,812.3 -- -- 1,873.2 -- -- Short-term investments... 2.0 2.0 -- 2.0 -- -- -- Cash equivalents......... 273.5 273.5 273.5 -- -- -- -- Other invested assets.... 70.7 56.7 -- 70.7 -- -- -- Securities lending reinvested collateral.. 17.7 17.7 -- 17.7 -- -- -- Derivative assets........ 81.5 80.7 -- 0.8 80.7 -- -- Derivative liabilities... -- -- -- -- -- --

2018 - ---------------------------------------------------------------------- NOT NET ASSET PRACTICABLE AGGREGATE ADMITTED VALUE (CARRYING FINANCIAL INSTRUMENTS FAIR VALUE ASSETS LEVEL 1 LEVEL 2 LEVEL 3 (NAV) VALUE) --------------------- ---------- --------- -------- --------- -------- --------- ----------- Bonds.................... $11,539.4 $11,329.0 $ -- $10,410.0 $1,129.4 $-- $-- Preferred and common stocks-nonaffiliates... 68.9 70.5 19.0 25.0 24.9 -- -- Separate account assets.. 5,442.3 5,442.3 5,417.5 22.9 1.9 -- -- Mortgage loans........... 1,874.1 1,867.2 -- -- 1,874.1 -- -- Short-term investments... 2.0 2.0 -- 2.0 -- -- -- Cash equivalents......... 383.6 383.6 383.6 -- -- -- -- Other invested assets.... 63.5 56.3 -- 63.5 -- -- -- Securities lending reinvested collateral.. 24.0 24.0 -- 24.0 -- -- -- Derivative assets........ 40.2 39.7 -- 1.2 39.0 -- -- Derivative liabilities... -- -- -- -- -- -- --

The carrying value of contract loans, payables and receivables that are financial instruments approximate fair value as of December 31, 2019 and 2018, and therefore are not presented in the tables above. There were no financial instruments for which it was not practicable to estimate fair value. (14)RETAINED ASSETS The Company provides a claim form to the beneficiary to choose among various disbursement options which include a payment by check, annuity stream or retained asset account, which the Company refers to as a Secure Access Account. Since April 2011, the Company has required the beneficiary to make a positive election of a retained asset account in order to credit death benefit proceeds from a life insurance policy or an annuity contract to a retained asset account (except in Vermont, whose residents are not eligible for retained asset accounts). Prior to April 2011, in nine states, the Company credited death benefit proceeds from a life insurance policy or an annuity contract to a retained asset account only if the beneficiary affirmatively selected a retained asset account. In all other states (except Vermont, whose residents are not F-72 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) eligible for retained asset accounts) prior to April 2011, the Company credited death benefit proceeds to a retained asset account if the beneficiary affirmatively selected a retained asset account or if the beneficiary failed to select any disbursement options on the claim form. Depending upon the terms of the underlying insurance policy, which could require a higher interest rate than the credited interest rate, the Company's credited interest rates for retained asset accounts were 1.0% and 0.2% during the years ended December 31, 2019 and 2018, respectively. During the year ended December 31, 2017, the Company's credited interest rates for retained asset accounts ranged from 0.1% to 0.2%. The Company discloses the relevant details about its retained asset program, including disclosure of the fact that accounts are not Federal Deposit Insurance Corporation insured, in the information provided to the beneficiary with the claim form and in the supplemental contract issued when a retained asset account is established. The account balance and credited interest are fully backed by the claims-paying ability of the issuing insurance company. The Company's Secure Access program is fully compliant with guidance on retained asset account programs issued in 1995 by the NAIC, and the NAIC's sample bulletin on retained asset accounts issued in December 2010. The following table sets forth the number and balance of retained asset accounts in force as of December 31, 2019 and 2018:

IN FORCE --------------------------------- 2019 2018 ---------------- ---------------- NUMBER OF NUMBER OF POLICIES AMOUNT POLICIES AMOUNT --------- ------ --------- ------ Up to and including 12 months. 135 $ 24.1 190 $ 31.2 13 to 24 months............... 161 21.2 159 25.4 25 to 36 months............... 142 19.5 170 19.7 37 to 48 months............... 137 17.1 296 33.7 49 to 60 months............... 274 32.0 377 38.5 Over 60 months................ 4,126 238.1 4,120 222.3 ----- ------ ----- ------ Total...................... 4,975 $352.0 5,312 $370.8 ===== ====== ===== ======

The following table presents additional information regarding the changes in the number and balance of the retained asset accounts related to individual contracts for the years ended December 31, 2019, 2018 and 2017. There were no group contracts in 2019, 2018 and 2017.

2019 2018 2017 ---------------- ---------------- ---------------- NUMBER OF NUMBER OF NUMBER OF POLICIES AMOUNT POLICIES AMOUNT POLICIES AMOUNT --------- ------ --------- ------ --------- ------ Retained assets accounts as of the beginning of the year............... 5,312 $370.8 5,616 $390.9 5,927 $409.6 Retained asset accounts issued/ added during the year............... 158 43.6 220 46.5 204 48.1 Investment earnings credited to retained asset accounts during the year............... -- 9.2 -- 9.7 -- 10.2 Fees and other charges assessed to retained asset accounts during the year............... -- -- -- -- -- -- Retained asset accounts transferred to state unclaimed property funds during the year.. (26) (0.2) (19) (0.2) (13) -- Retained asset accounts closed/ withdrawn during the year........ (469) (71.4) (505) (76.1) (502) (77.0) ----- ------ ----- ------ ----- ------ Retained asset accounts at the end of the year. 4,975 $352.0 5,312 $370.8 5,616 $390.9 ===== ====== ===== ====== ===== ======

F-73 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) (15)RISK SHARING PROVISIONS OF THE AFFORDABLE CARE ACT The Company does not write accident and health insurance policies subject to the affordable care act risk sharing provisions. Although the Company holds several accident and health policies in-force, these policies are not subject to the affordable care act sharing provisions. (16)INVESTMENTS IN SCA ENTITIES The Company has two controlling investments in the common stock and one controlling investment in the preferred stock of noninsurance subsidiaries as of December 31, 2019 and 2018:

NAIC REJECT ENTITY'S VALUATION NAIC 2019 2018 METHOD, DESCRIPTION OF SCA DATE OF TYPE OF RESPONSE NAIC NAIC RESUBMISSION INVESTMENT (EXCLUDING GROSS NONADMITTED ADMITTED FILING TO NAIC RECEIVED VALUATION VALUATION REQUIRED 8.B.I ENTITIES) AMOUNT AMOUNT AMOUNT NAIC FILING (YES/NO) AMOUNT AMOUNT (YES/NO) --------------- ------ ----------- -------- --------- ------- -------- --------- --------- ------------ ASI (VA)*................ $ -- $ -- $ -- 9/6/2017 Sub-1 yes $ -- $ -- no Newco (VA)............... 41.0 -- 41.0 6/5/2019 Sub-2 yes 39.2 37.2 no Genworth Financial Agency 0.5 0.5 -- 12/5/2017 Sub-1 yes -- -- no ----- ---- ----- ----- ----- Aggregate Total.......... $41.5 $0.5 $41.0 $39.2 $37.2 ===== ==== ===== ===== =====

-------- * ASI (VA) rounds to zero. (17)SUBSEQUENT EVENTS On April 6, 2020, the Company was named as a defendant in a putative class action lawsuit filed in the United States District Court for the Eastern District of Virginia, captioned Brighton Trustees, LLC, on behalf of and as trustee for Diamond LS Trust; and Bank of Utah, solely as securities intermediary for Diamond LS Trust; on behalf of themselves v. Genworth Life and Annuity Insurance Company. Plaintiff seeks to represent life insurance policyholders, alleging that the Company subjected policyholders to an unlawful and excessive COI increase. Plaintiff also alleges that the COI increase was not applied uniformly to policyholders, and that the Company improperly refused to provide reports on illustrative future death benefits and policy values to policyholders. The Complaint asserts claims for Breach of Contract and Injunctive Relief, and seeks damages in excess of $5.0, restitution, reinstatement of lapsed and/or surrendered policies, and equitable relief. The Company intends to vigorously defend this action. The Company is exposed to potential risks associated with the recent outbreak of the coronavirus pandemic. Subsequent to December 31, 2019, the coronavirus pandemic has disrupted the global economy and financial markets; business operations; and consumer behavior and confidence. As a result, the Company could experience significant declines in asset valuations and potential material asset impairments, as well as unexpected changes in persistency rates, as policyholders and contractholders who are affected by the pandemic may not be able to meet their contractual obligations, such as premium payments on their insurance policies. The pandemic has decreased historic low interest rates even further and could also significantly increase the Company's mortality and morbidity experience above the assumptions it used in pricing its insurance and investment products, all of which could result in higher reserve charges and an adverse impact to the Company's financial results. The coronavirus pandemic could also disrupt medical and financial services and has resulted in Genworth practicing social distancing with its employees through office closures, all of which could disrupt the Company's normal business operations. While the impact of the developing coronavirus pandemic is very difficult to predict, the related outcomes and impact on the Company will depend on the length of the pandemic and shape of the economic recovery. The Company is continuing to monitor pandemic developments and the potential financial impacts on its business. However, F-74 GENWORTH LIFE AND ANNUITY INSURANCE COMPANY Notes to Statutory Financial Statements -- Continued Years Ended December 31, 2019, 2018 and 2017 (Dollar amounts in millions) given the specific risks to its business, it is possible the pandemic will have a material adverse impact on the Company, including a material adverse effect on its financial condition and results of operations. On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief, and Economic Security ("CARES") Act. The purpose of the CARES Act is to provide emergency assistance and health care response for individuals, families, and businesses affected by the 2020 coronavirus pandemic. The CARES Act builds on and clarifies a number of changes in corporate tax law implemented by the TCJA. Among the changes, the CARES Act modified the rules related to net operating losses to provide that the net operating losses generated in 2018, 2019 and 2020 may be carried back to each of the five taxable years preceding the taxable year of such loss. As result, if the Company experiences a taxable loss in 2020, it is possible that this change in tax law could result in a benefit in excess of the currently enacted tax rate of 21% to the extent the loss is carried to a pre-2018 tax year. Effective March 12, 2020, Rivermont was dissolved and returned contributed surplus to the Company in the amounts of $1.5 and $0.1 in cash on March 30, 2020 and April 13, 2020, respectively. On February 19, 2020, the special tax sharing agreement with Rivermont discussed in Note 6 was terminated. On February 12, 2020, Rivermont returned contributed surplus to the Company in the amount of $198.0, which consisted of $15.4 in cash, securities with a book value of $180.9 and accrued interest of $1.7. There were no other material events that occurred subsequent to December 31, 2019. Subsequent events have been considered through April 21, 2020, the date the statutory financial statements were issued. F-75