UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
February 9, 2009
Date of Report
(Date of earliest event reported)

GENWORTH FINANCIAL, INC.
(Exact name of registrant as specified in its charter)

 
					
Delaware	 	001-32195	 	33-1073076	
(State or other jurisdiction
of incorporation)	 	(Commission File Number)	 	(I.R.S. Employer
Identification No.)	
			
6620 West Broad Street, Richmond, VA	 		 	23230	
(Address of principal executive offices)	 		 	(Zip Code)	
(804) 281-6000
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
 
¨	 	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)	
 
¨	 	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)	
 
¨	 	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))	
 
¨	 	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))	

 

Item 2.02	Results of Operations and Financial Condition.	
On February 9, 2009, Genworth Financial, Inc. issued (1) a press release announcing its financial results for the quarter ended December 31, 2008, a copy of which is attached hereto as Exhibit 99.1 and is incorporated herein by reference, and (2) a financial supplement for the quarter ended December 31, 2008, a copy of which is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
The information contained in this Current Report on Form 8-K (including the exhibits) is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section. The information contained in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.
 
Item 9.01	Financial Statements and Exhibits.	
The following materials are furnished as exhibits to this Current Report on Form 8-K:

Exhibit
Number	  	Description of Exhibit	
99.1	  	Press Release dated February 9, 2009.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 2008.	
 
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	 	GENWORTH FINANCIAL, INC.	
			
Date: February 9, 2009	 	By:	 	/s/ Amy R. Corbin	
	 		 	Amy R. Corbin	
	 		 	Vice President and Controller	
	 		 	(Principal Accounting Officer)	
 
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Exhibit Index

Exhibit
Number	  	Description of Exhibit	
99.1	  	Press Release dated February 9, 2009.	
		
99.2	  	Financial Supplement for the quarter ended December 31, 2008.	
 
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Exhibit 99.1

Genworth Financial Announces Fourth Quarter 2008 Results
Richmond, VA (February 9, 2009) – Genworth Financial, Inc. (NYSE: GNW) today reported a loss from continuing operations for the fourth quarter of 2008 of $321 million, or $0.74 per diluted share, compared with income of $180 million, or $0.41 per diluted share, in the fourth quarter of 2007. Loss from continuing operations for the full year of 2008 was $572 million, or $1.32 per diluted share, compared to income of $1,154 million, or $2.58 per diluted share, for the full year of 2007.
The fourth quarter loss from continuing operations included:
 
•	 	Gross investment gains of $496 million, net of tax, including $445 million related to locking in gains on an interest rate floor strategy;	
 
•	 	Gross investment losses of $593 million including impairments of $529 million, net of tax, consisting primarily of $298 million in structured securities and $206 million in corporate fixed securities, and $31 million of realized losses, net of tax, from asset sales primarily associated with portfolio repositioning;	
 
•	 	Goodwill and deferred acquisition cost (DAC) charges along with foreign exchange variation as noted below; and	
 
•	 	A $25 million after-tax restructuring charge associated with expense reduction initiatives from a previously announced workforce down-sizing.	
Net operating loss for the fourth quarter of 2008 was $207 million, or $0.48 per diluted share, compared to net operating income of $314 million, or $0.71 per diluted share, in the fourth quarter of 2007. Net operating income for the full year of 2008 was $469 million, or $1.08 per diluted share, compared to $1,373 million, or $3.07 per diluted share, for the full year of 2007.
The net operating loss in the quarter included:
 
•	 	A $238 million impairment of all the goodwill associated with retirement income lines;	
 
•	 	$59 million of DAC charges in retirement income lines associated primarily with declines in the equity markets; and	
 
•	 	A $30 million negative impact from foreign exchange versus the year-ago quarter.	

															
 	  	Three months ended December 31 (Unaudited)	
 	  	2008	 	 	2007	
(Amounts in millions, except per share) 	  	Total	 	 	Per diluted
share	 	 	Total	  	Per diluted
share	
Income (loss) from continuing operations	  	$	(321	)	 	$	(0.74	)	 	$	180	  	$	0.41	
Net income (loss)	  	$	(321	)	 	$	(0.74	)	 	$	178	  	$	0.40	
Net operating income (loss) 1	  	$	(207	)	 	$	(0.48	)	 	$	314	  	$	0.71	
Weighted average diluted shares	  	 	433.1	 	 				 	 	441.1	  			
“Genworth navigated extremely difficult market conditions in the fourth quarter of 2008 and ended the year with an improved capital base, sound liquidity and a refined specialist insurer strategy,” said Michael D. Fraizer, chairman and chief executive officer. “We clearly are not satisfied with our results, but we did make substantial progress in a number of areas that support our business line strategies and lay the foundation for improved performance when economic and financial market conditions subside. In addition, while the 2009 environment will remain challenging, Genworth is positioned to maintain appropriate capital and liquidity levels, effectively serve our customers and selectively pursue options that enhance future capital cushions and flexibility.”
Fourth Quarter Highlights:
Business Platforms
 
•	 	Canada and Australia delivered solid $67 million and $40 million net operating income performances, respectively, despite the slowing economic environment.	
 
•	 	Price increases implemented in 2008 in long term care, International and U.S. Mortgage Insurance businesses are taking hold and will enhance margins going forward.	
 
•	 	Long term care earnings grew $13 million to $49 million.	

1	This is a financial measure not calculated based on U.S. Generally Accepted Accounting Principles (Non-GAAP). See the Use of Non-GAAP Measures section of this press release for additional information.	
 
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Capital
 
•	 	Genworth ended the year with approximately $2.0 billion of capital in excess of levels required for targeted ratings or regulatory requirements. In 2009, Genworth expects to dividend approximately $400 million from its non-U.S. operating companies to the holding company to support corporate obligations.	
 
•	 	Consolidated U.S. life companies will end 2008 with an anticipated risk based capital (RBC) ratio of 420 percent to 450 percent, ahead of expectations. Genworth targets its RBC ratio at the 350 percent level with current capital levels equating to approximately $600 million to $850 million above that target. Multiple strategies were executed in the fourth quarter and continued to be employed to enhance or protect capital positions, including locking in gains on interest rate floors and the completion of reinsurance and other capital efficiency projects. In 2009, Genworth anticipates maintaining its RBC at or above the targeted 350 percent level, despite ongoing uncertainties and risks in the current market environment. The 350 percent estimate assumes a year-end S&P 500 level of 850.	
 
•	 	The reported risk to capital ratio in the U.S. Mortgage Insurance segment stood at 14.3:1 2 , well below the regulatory requirement of 25:1, which equates to about $950 million of capital above the required level.	
 
•	 	In January, Genworth was notified by the Office of Thrift Supervision (OTS) that its application to become a savings and loan holding company continues in process.	
 
•	 	Genworth entered a definitive agreement in January to sell its Mexican life and property and casualty operations for approximately $45 million.	
 
•	 	Previously announced workforce reductions are expected to result in over $100 million gross annualized expense savings. Combined with other cost saving actions, Genworth is on track to reduce net annualized expenses by $100 million to $150 million on a run rate basis by the third quarter of 2009.	
Liquidity
 
•	 	Genworth continues to maintain appropriate liquidity, holding a total of $7.3 billion of cash and cash equivalents at year end. Of that, $860 million was at the holding company level, approximately $4.3 billion was at the U.S. life insurance companies, and the remainder was in other operating companies. These positions are expected to be in excess of current company operating needs, including the retirement of remaining 2009 debt maturities at the holding company level.	

2	Risk to capital is calculated on a one quarter lag basis, due to the timing of the filing of statutory statements. The estimated ratio for the fourth quarter of 2008 is 14.5:1.	
 
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•	 	Genworth repurchased approximately $400 million of its $1.1 billion of senior debt maturing in the second quarter of 2009. Of this amount, approximately $361 million was completed in the fourth quarter, at an aggregate discount of $28 million. Genworth currently has no plans to access the additional $746 million currently available under its existing credit facilities. The Company has no other senior debt maturities until 2011.	
Key Risk Management Actions
In U.S. Mortgage Insurance, Genworth took steps to further reduce risk in response to ongoing difficult market conditions.
 
•	 	The company added 93 Metropolitan Statistical Areas (MSAs) to its declining market list, totaling 271 MSAs in which it will only write 90 percent or lower loan-to-value (LTV) business. Previous underwriting and guideline changes effectively eliminated sales of alternative products such as Alt-A, A-minus, and 100 percent LTV loans.	
 
•	 	Loss mitigation activities, including workouts and presales, resulted in $51 million of reduced loss exposure in the fourth quarter, nearly double the level in the fourth quarter of 2007. In addition, the company has rescinded policies or denied claims for cases where there were significant levels of fraud, misrepresentation and non-compliance with master policy terms. This reduced total loss exposure by approximately $84 million in the quarter.	
 
•	 	Captive reinsurance treaties provided a $206 million benefit in the quarter.	
International operations continued to take proactive actions across product, pricing and underwriting areas to further reduce risk profiles given the slowing global economy. In addition, in Europe, Genworth reduced mortgage insurance risk in force in Spain by $1.7 billion to $1.4 billion, less than one percent of the total international risk in force.
Segment Results
Net operating income (loss) presented in the tables below excludes net investment gains (losses), net of taxes and other adjustments. In the discussion of International results, all references to percentage changes exclude the impact of foreign exchange. The impact of foreign exchange on the net operating loss in the fourth quarter of 2008 was an unfavorable $30 million.
 
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A reconciliation of net operating income (loss) of segments and Corporate and Other activities to net income (loss) is  included at the end of this press release.
Retirement and Protection

Retirement and Protection Net Operating Income (Loss)
(in millions)	  	Q4 08	 	 	Q4 07	
Wealth Management	  	$	8	 	 	$	12	
Retirement Income	  				 			
Fee-Based	  	 	(109	)	 	 	17	
Spread-Based	  	 	(201	)	 	 	24	
Long Term Care	  	 	49	 	 	 	36	
Life Insurance	  	 	49	 	 	 	76	
Institutional	  	 	15	 	 	 	9	
	  	 	 	 	 	 	 	
Total Retirement and Protection	  	$	(189	)	 	$	174	

Sales
(in millions)	  	Q4 08	 	 	Q4 07	
Wealth Management	  				 			
Gross Flows	  	$	977	 	 	$	1,474	
Net Flows	  	 	(470	)	 	 	677	
Retirement Income	  				 			
Fee-Based	  	 	311	 	 	 	760	
Spread-Based	  	 	588	 	 	 	386	
Long Term Care	  	 	64	 	 	 	66	
Life Insurance	  	 	63	 	 	 	104	
Institutional	  	 	243	 	 	 	552	
 
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Assets Under Management (AUM) 3 
(in millions)	  	Q4 08	  	Q4 07	
Wealth Management	  	$	15,447	  	$	21,584	
Retirement Income Fee-Based	  	 	7,256	  	 	7,283	
	  	 	 	  	 	 	
Total Fee-Based	  	 	22,703	  	 	28,867	
	  	 	 	  	 	 	
Retirement Income Spread-Based	  	 	20,059	  	 	19,844	
Institutional	  	 	8,104	  	 	10,982	
	  	 	 	  	 	 	
Total Spread-Based	  	 	28,163	  	 	30,826	
	  	 	 	  	 	 	
Total Assets Under Management	  	$	50,866	  	$	59,693	
	  	 	 	  	 	 	
Retirement and Protection had an operating loss of $189 million primarily driven by a goodwill impairment, weak equity markets, higher DAC amortization and lower investment income. These were partially offset by a $26 million benefit from the opportunistic retirement of funding agreements backing notes (FABNs) at a discount to contract values.
 
•	 	All goodwill in the fee and spread-based retirement income lines was written off and decreased earnings by $238 million.	
 
•	 	The decline in equity markets resulted in $76 million of additional DAC amortization, higher death benefits and reserves, and lower fee income from variable annuities and wealth management products.	
 
•	 	The company recorded $13 million in accelerated DAC amortization for fixed annuities, primarily from the results of a multi-year study of trended lapse experience for policies emerging from the surrender charge period.	
 
•	 	Net investment income included $27 million of lower limited partnership earnings and a $25 million decrease resulting from lost yield on higher cash balances in a lower short term interest rate environment.	
Wealth management earnings were $8 million, down $4 million, reflecting a decline in assets under management (AUM) to $15.4 billion from $21.6 billion, related to equity market declines.

3	Assets under management represent account values, net of reinsurance, and managed third party assets.	
 
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Retirement income fee-based results were a $109 million operating loss which included a $53 million goodwill impairment. In addition, weak equity market performance drove $46 million of higher DAC amortization, $18 million in higher guaranteed death benefit claims and reserves and $8 million of lower fee income.
Retail spread-based business had a $201 million operating loss, including a $185 million goodwill impairment and $22 million in lower net investment income from limited partnerships, bond calls, pre-payments and higher cash balances. Results also reflected approximately $13 million of accelerated DAC amortization based on a multi-year trended lapse study. Fixed annuity sales more than doubled to $426 million. Spread-based AUM increased modestly to $20.1 billion.
Long term care earnings grew $13 million to $49 million, as a reserve refinement, profit emergence associated with new block business growth and favorable in force performance more than offset lower limited partnership investment income. Margins improved on the old blocks of business, primarily from favorable in force experience and the emerging impact of the in force price increase announced in 2008, which is now approved in 43 states. Total long term care sales decreased three percent to $64 million as growth in Medicare supplement sales only partially offset lower individual long term care sales.
Life insurance earnings decreased to $49 million, as a result of $19 million of lower investment income, $8 million of accelerated DAC amortization from low current period interest rates and higher life reserve funding costs. Universal life sales decreased 47 percent, reflecting smaller policy sizes and lower excess deposits. Term life sales decreased 15 percent, reflecting the company’s continued shift to focus on smaller policy sizes and intense price competition.
Institutional earnings increased to $15 million, as $26 million of income primarily from opportunistic FABN retirements more than offset $17 million lower investment income resulting from holding higher cash balances. Institutional sales were $243 million and AUM declined to $8.1 billion year over year, reflecting planned maturities.
 
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International

International Net Operating Income (Loss)
(in millions)	  	Q4 08	 	 	Q4 07	
Mortgage Insurance (MI)	  				 			
Canada	  	$	67	 	 	$	88	
Australia	  	 	40	 	 	 	40	
Other International	  	 	(8	)	 	 	16	
Lifestyle Protection 4	  	 	25	 	 	 	36	
	  	 	 	 	 	 	 	
Total International	  	$	124	 	 	$	180	

International Sales
(in billions)	  	Q4 08	 	 	Q4 07	
Mortgage Insurance	  				 			
Flow	  				 			
Canada	  	$	4.8	 	 	$	8.1	
Australia	  	 	6.6	 	 	 	11.6	
Other International	  	 	1.5	 	 	 	3.3	
Bulk	  				 			
Canada	  	 	1.8	 	 	 	7.8	
Australia	  	 	0.3	 	 	 	0.9	
Other International	  	 	—  	 	 	 	0.9	
	  	 	 	 	 	 	 	
Total International MI	  	$	15.0	 	 	$	32.6	
	  	 	 	 	 	 	 	
Lifestyle Protection	  	$	0.5	 	 	$	0.7	
	  	 	 	 	 	 	 	
Total International earnings were $124 million, compared with $180 million in the year ago quarter. The year over year decrease reflected a $30 million decline in foreign exchange. Prior year results also included a $23 million net benefit from annual updates to international premium recognition curves and loss factors. Starting in 2008, these updates were

4	Lifestyle Protection was formerly referred to as Payment Protection.	
 
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conducted quarterly, and current period results included a $10 million net benefit. The impact to each quarter is detailed in the table below.

Impact on Net Operating Income From Premium Recognition & Loss Factor Updates
(in millions)	  	Q4 08 5 	  	Q4 07 6 	 	
Mortgage Insurance	  			  				
Canada	  	$	4	  	$	13	 	
Australia	  	 	5	  	 	(4	)	
Other International	  	 	1	  	 	14	 	
	  	 	 	  	 	 	 	
Total International MI	  	$	10	  	$	23	 	

5	Quarter impact (Total 2008 was $31 million)	

6	Annual impact recognized in the quarter	
The mortgage insurance business in Canada earned $67 million and continued to perform favorably compared to pricing expectations despite the slowing economy. Revenue growth was 16 percent excluding the $16 million change in net benefit from updates to premium recognition curves. Growth was partially offset by higher losses associated with seasoning of the in force books. The loss ratio increased to 32 percent, driven primarily by the seasoning of the 2007 book.
In Australia, earnings grew modestly in the current quarter, excluding the $9 million change in net benefit from updates to premium recognition curves and loss factors. The loss ratio was 47 percent, down slightly from the prior quarter, still reflecting higher mortgage rates that pressured customer affordability, along with the seasoning of the business in a slowing economy. The Australian government has lowered short term rates four times since the beginning of the fourth quarter and increased first time homebuyer subsidies, both aimed at easing affordability pressures.
Other international mortgage insurance had an $8 million loss, primarily from higher delinquencies in Spain, where active loss mitigation continues, including significant levels of policy rescissions or settlements. As a result, risk in force in Spain declined $1.7 billion to $1.4 billion, less than one percent of the total international risk in force.
 
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Slowing mortgage originations, coupled with proactive risk management actions, resulted in a decline in new insurance written in most international markets. Flow new insurance written in Canada and Australia decreased 27 percent and 25 percent, respectively. The significant drop in mortgage securitizations globally resulted in very limited bulk sales in both Canada and Australia.
Lifestyle protection earnings decreased 17 percent to $25 million, as weakened economic conditions resulted in higher claims frequency. Total lifestyle protection sales declined by $186 million, reflecting declining levels of consumer lending by financial institutions, which are the primary channel for new business.
U.S. Mortgage Insurance

U.S. Mortgage Insurance
(in millions)	  	Q4 08	 	 	Q4 07	 	
Net Operating Income (Loss)	  	$	(114	)	 	$	(3	)	
			
Primary Insurance In Force
(in billions)	  	$	162.5	 	 	$	157.6	 	
			
Primary Risk In Force
(in billions)	  	$	35.8	 	 	$	31.2	 	
			
Primary Sales
(in billions)	  	 	 	 	 	 	
Flow	  	$	3.2	 	 	$	16.0	 	
Bulk	  	 	0.2	 	 	 	2.2	 	
	  	 	 	 	 	 	 	 	
Total Primary Sales	  	$	3.4	 	 	$	18.2	 	
	  	 	 	 	 	 	 	 	
U.S. Mortgage Insurance had a $114 million net operating loss, as higher lender captive reinsurance coverage benefits and loss mitigation actions were more than offset by higher incurred losses. Earnings in the quarter benefited from $206 million pre-tax of lender captive reinsurance coverage.
 
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The gross change in U.S. Mortgage Insurance loss reserves increased sequentially $399 million.
 
•	 	Flow gross reserves increased $362 million, primarily from approximately 14,200 additional delinquencies in the quarter and reserve strengthening in the 2006 and 2007 book years concentrated primarily in what are referred to as the “sand states” of Florida, California, Arizona and Nevada. In the fourth quarter, 55 percent of the reserve build was related to these markets, which represent 18 percent of flow risk in force.	
 
•	 	Flow delinquency trends also increased in Illinois, New York, New Jersey and Georgia.	
 
•	 	Bulk reserves increased $37 million in the quarter, primarily from an increase in delinquencies in the payment option arm business and from GSE Alt-A business in which losses exceeded deductible levels.	
Of the approximate 72,000 total flow delinquencies, about 80 percent were loans sold via government sponsored entities (GSEs), and 20 percent stemmed from private label securities or loans held in lender portfolios.
Paid claims were $173 million, before taxes, an increase of $108 million versus the fourth quarter of 2007, and $41 million sequentially. The average paid claim was $52,300, up from $39,200 a year ago, reflecting higher loan balances in recent book years and a shift in claims to higher loan balance states.
Loss mitigation activities, including workouts and presales, resulted in $51 million of reduced loss exposure for the fourth quarter, nearly double the level in 2007. The company approved approximately 5,500 workouts, modifications, and presales during the quarter. In addition, significant levels of fraud, misrepresentation and non-compliance with the terms of the master policies resulted in an $84 million reduction in loss exposure in the quarter, and additional investigations and rescission activity are expected to continue.
The company continues to lower its risk profile and manage capital associated with new business. Flow new insurance written decreased 48 percent sequentially to $3.2 billion, as overall mortgage originations declined significantly in the quarter from market declines, underwriting and guideline restrictions initiated throughout 2008 and market share gains by the Federal Housing Administration (FHA). Underwriting and guideline changes for risk management have effectively eliminated sales of higher risk alternative products such as Alt-A, A-minus and 100 percent LTV loans, which combined represented less than one
 
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percent of new insurance written during the quarter. In addition, further steps have been taken to limit production in markets where home price declines are expected to continue. The company currently has restricted new business sales to products with 90 percent or below LTV, along with additional tightened guidelines in 271 Metropolitan Statistical Areas (MSAs), up from 178 in the third quarter.
Reported risk to capital decreased from 14.8:1 in the third quarter of 2008 to 14.3:1 in the fourth quarter, primarily from recent regulatory clarification to adjust the calculation to exclude risks ceded to captives. During the quarter, Genworth made a pool-wide rescission of $493 million on a portfolio bulk transaction that had significant levels of fraud, misrepresentation and non-compliance with master policy terms, decreasing bulk risk in force to $872 million. Flow persistency rose to 89 percent in the quarter from 85 percent a year ago.
Corporate and Other

Corporate and Other
(in millions)	  	Q4 08	 	 	Q4 07	 	
Net Operating Loss	  	$	(28	)	 	$	(37	)	
	  	 	 	 	 	 	 	 	
Corporate and Other had a net operating loss of $28 million, reflecting lower net investment income, partially offset by a gain on early repurchase of debt.
Investments
Fourth quarter net investment losses of $89 million, net of tax and amortization of DAC, included $529 million, net of tax, of impairments and $496 million of gains. Of total impairments, $298 million, net of tax, related to structured securities and $206 million, net of tax, related to corporate fixed maturity securities. Gains included $473 million of net derivative gains connected primarily with a derivative strategy to hedge the interest rate risk associated with the company’s statutory capital position and $31 million of realized losses, net of tax, from asset sales primarily associated with portfolio repositioning.
 
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Stockholders’ Equity
Stockholders’ equity as of December 31, 2008 was $8.9 billion, or $20.60 per share, compared with $13.5 billion, or $30.92 per share, as of December 31, 2007. Stockholders’ equity, excluding accumulated other comprehensive income (loss), as of December 31, 2008 was $12.0 billion, or $27.67 per share, compared with $12.8 billion, or $29.25 per share, as of December 31, 2007.
Net unrealized investment losses were $4,038 million, net of tax, DAC and other items, as of December 31, 2008. The fixed maturity securities portfolio had gross unrealized investment losses of $7,857 million, compared to $5,480 million at the end of the prior quarter, and gross unrealized investment gains of $851 million, versus $373 million in the prior quarter. As of December 31, 2007, the fixed maturity securities portfolio had gross unrealized investment losses of $1,919 million and gross unrealized investment gains of $971 million.
About Genworth Financial
Genworth Financial, Inc. (NYSE:GNW) is a leading Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 6,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of more than 15 million customers. Genworth operates through three segments: Retirement & Protection, U.S. Mortgage Insurance and International. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia. For more information, visit Genworth.com. From time to time Genworth releases important information via postings on its corporate website. Accordingly, investors and other interested parties are encouraged to enroll to receive automatic email alerts and Really Simple Syndication (RSS) feeds regarding new postings. Enrollment information is found under the "Investors" section of Genworth.com.
Conference Calls and Financial Supplement Information
This press release and the Fourth Quarter 2008 Financial Supplement are now posted on the company’s website. Investors are encouraged to review all of these materials.
 
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Genworth will conduct a conference call on February 10 at 8 a.m. ET to provide a detailed report on business operations and strategic priorities. The conference call will be accessible via telephone and the Internet. The dial-in number for Genworth’s February 10 conference call is 877 874.1570 or 719 325.4794 (outside the U.S.). To participate in the call by webcast, register at http://investor.genworth.com at least 15 minutes prior to the webcast to download and install any necessary software.
The webcast will be archived on the company’s website and a replay of the call will be available at 888 203.1112 or 719 457.0820 (outside the U.S.) passcode 2290614#. The replay will be available through February 24, 2009.
Use of Non-GAAP Measures
This press release includes the non-GAAP financial measure entitled "net operating income (loss)." The chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss). The company defines net operating income (loss) as income (loss) from continuing operations excluding after-tax net investment gains (losses) and other adjustments and infrequent or unusual non-operating items. This metric excludes these items because the company does not consider them to be related to the operating performance of its segments and Corporate and Other activities. A significant component of the net investment gains (losses) is the result of impairments, including changes in intent to hold securities to recovery and credit-related gains and losses, the timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) are often subject to Genworth’s discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Infrequent or unusual non-operating items are also excluded from net operating income (loss) if, in the company’s opinion, they are not indicative of overall operating trends. While some of these items may be significant components of net income (loss) in accordance with GAAP, the company believes that net operating income (loss), and measures that are derived from or incorporate net operating income (loss), are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. However, net operating income (loss) is not viewed as a substitute for GAAP net income (loss). In addition, the company's definition of net operating income (loss) may differ from the definitions used by other companies. There were no infrequent or unusual non-operating items excluded from net operating income (loss)
 
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during the periods presented in this press release other than a $25 million after-tax expense recorded in the fourth quarter of 2008 related to reorganization costs and a $14 million after-tax expense recorded in the first quarter of 2007 related to reorganization costs. The tables at the end of this press release reflect net operating income (loss) as determined in accordance with Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information , and a reconciliation of net operating income (loss) of the company’s segments and Corporate and Other activities to net income (loss) for the three and twelve months ended December 31, 2008 and 2007.
Definition of Selected Operating Performance Measures
Management regularly monitors and reports a production volume metric referred to as "sales," which is a measure commonly used in the insurance industry as a measure of volume of new and renewal business generated in a period. “Sales” refers to (1) annualized first-year premiums for term life insurance, long term care insurance and Medicare supplement insurance; (2) new and additional premiums/deposits for universal life insurance, linked-benefits, spread-based and variable products; (3) gross and net flows for the wealth management business which represent gross flows less redemptions; (4) written premiums and deposits, gross of ceded reinsurance and cancellations, and premium equivalents, where we earn a fee for administrative services only business, for lifestyle protection insurance; (5) new insurance written for mortgage insurance, which in each case reflects the amount of business the company generated during each period presented; and (6) written premiums, net of cancellations, for the Mexican insurance operations. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers annualized first-year premiums, new premiums/deposits, gross and net flows, written premiums, premium equivalents and new insurance written to be measures of the company's operating performance because they represent measures of new sales of insurance policies or contracts during a specified period, rather than measures of the company's revenues or profitability during that period.
Management regularly monitors and reports assets under management for the wealth management business, insurance in-force and risk in-force. Assets under management for the wealth management business represent third-party assets under management that are
 
15

not consolidated in the financial statements. Insurance in-force for the life insurance, international mortgage insurance and U.S. mortgage insurance businesses is a measure of the aggregate face value of outstanding insurance policies as of the respective reporting date. Risk in-force for the international and U.S. mortgage insurance businesses is a measure that recognizes that the loss on any particular mortgage loan will be reduced by the net proceeds received upon sale of the underlying property. The company considers assets under management for its wealth management business, insurance in-force and risk in-force to be measures of the company’s operating performance because they represent measures of the size of the business at a specific date, rather than measures of the company’s revenues or profitability during that period.
These operating measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors and risks, including the following:
 
 	•	 	Risks relating to the company’s businesses , including adverse capital and credit market conditions, downturns and volatility in equity and credit markets, downgrades in the company’s financial strength or credit ratings, the impact of government actions on the financial markets, the company’s ability to access current and future government support programs, interest rate fluctuations, the valuation of fixed maturity, equity and trading securities, defaults, downgrades or impairments of portfolio investments, goodwill impairments, the soundness of other financial institutions, the company’s ability to access sources of liquidity, declines in risk-based	
 
16

 	capital, insufficiency of reserves, legal constraints on dividend distributions by subsidiaries, intense competition, availability and adequacy of reinsurance, defaults by counterparties, loss of key distribution partners, regulatory restrictions on the company’s operations and changes in applicable laws and regulations, legal or regulatory investigations or actions, the failure or any compromise of the security of the company’s computer systems, and the occurrence of natural or man-made disasters or a pandemic;	
 
 	•	 	Risks relating to the company’s Retirement and Protection segment , including changes in morbidity and mortality, accelerated amortization of deferred acquisition costs and present value of future profits, reputational risks as a result of rate increases on certain in-force long-term care insurance products, medical advances such as genetic mapping research, unexpected changes in persistency rates, increases in statutory reserve requirements, and the failure of demand for long-term care insurance to increase as expected;	
 
 	•	 	Risks relating to the company’s International segment , including political and economic instability, foreign exchange rate fluctuations, unexpected changes in unemployment rates, unexpected increases in mortgage insurance delinquency rates or severity of defaults, decreases in the volume of high loan-to-value international mortgage originations, increased competition with government-owned and government-sponsored enterprises offering mortgage insurance, changes in regulations, and growth in the global mortgage insurance market that is slower than the company expects;	
 
 	•	 	Risks relating to the company’s U.S. Mortgage Insurance segment , including the outcome of the company’s review of strategic alternatives for the segment, increases in mortgage insurance delinquency rates or severity of defaults, deterioration in economic conditions or a decline in home price appreciation, the effect of the conservatorship of Fannie Mae and Freddie Mac on mortgage originations, the influence of Fannie Mae, Freddie Mac and a small number of large mortgage lenders and investors, decreases in the volume of high loan-to-value mortgage originations or increases in mortgage insurance cancellations, increases in the use of alternatives to private mortgage insurance (such as simultaneous second mortgages) and reductions by lenders in the level of coverage they select, increases in the use of reinsurance with reinsurance companies affiliated with the company’s mortgage lending customers, increased competition with government-owned and government-sponsored	
 
17

 	enterprises offering mortgage insurance, changes in regulations, legal actions under the Real Estate Settlement Practices Act of 1974, and potential liabilities in connection with the company’s U.S. contract underwriting services;	
 
 	•	 	Other risks , including the possibility that in certain circumstances we will be obligated to make payments to General Electric Company (GE) under the company’s tax matters agreement with GE even if the company’s corresponding tax savings are never realized and the company’s payments could be accelerated in the event of certain changes in control, and provisions of the company’s certificate of incorporation and bylaws and the company’s tax matters agreement with GE may discourage takeover attempts and business combinations that stockholders might consider in their best interests; and	
 
 	•	 	Risks relating to the company’s common stock, including the suspension of dividends and share price fluctuation.	
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.
# # #
Contact Information:

Investors:	  	Alicia Charity, 804 662.2248	
	  	alicia.charity@genworth.com	
		
Media:	  	Al Orendorff, 804 662.2534	
	  	al.orendorff@genworth.com	
 
18

Consolidated Statements of Income
(Amounts in millions, except per share amounts)

 	  	Three months ended
December 31,	 	 	Twelve months ended
December 31,	 	
 	  	2008	 	 	2007	 	 	2008	 	 	2007	 	
Revenues:	  				 				 				 				
Premiums	  	$	1,616	 	 	$	1,670	 	 	$	6,777	 	 	$	6,330	 	
Net investment income	  	 	857	 	 	 	1,053	 	 	 	3,730	 	 	 	4,135	 	
Net investment gains (losses)	  	 	(149	)	 	 	(214	)	 	 	(1,709	)	 	 	(332	)	
Insurance and investment product fees and other	  	 	305	 	 	 	266	 	 	 	1,150	 	 	 	992	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	2,629	 	 	 	2,775	 	 	 	9,948	 	 	 	11,125	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and expenses:	  				 				 				 				
Benefits and other changes in policy reserves	  	 	1,522	 	 	 	1,255	 	 	 	5,806	 	 	 	4,580	 	
Interest credited	  	 	309	 	 	 	385	 	 	 	1,293	 	 	 	1,552	 	
Acquisition and operating expenses, net of deferrals	  	 	566	 	 	 	551	 	 	 	2,160	 	 	 	2,075	 	
Amortization of deferred acquisition costs and intangibles	  	 	541	 	 	 	209	 	 	 	1,161	 	 	 	831	 	
Interest expense	  	 	123	 	 	 	126	 	 	 	470	 	 	 	481	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	3,061	 	 	 	2,526	 	 	 	10,890	 	 	 	9,519	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	(432	)	 	 	249	 	 	 	(942	)	 	 	1,606	 	
Provision (benefit) for income taxes	  	 	(111	)	 	 	69	 	 	 	(370	)	 	 	452	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	(321	)	 	 	180	 	 	 	(572	)	 	 	1,154	 	
Income from discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	15	 	
Gain (loss) on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	51	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	  	$	(321	)	 	$	178	 	 	$	(572	)	 	$	1,220	 	

Earnings (loss) from continuing operations per common share:	  				 				 				 				
Basic	  	$	(0.74	)	 	$	0.41	 	 	$	(1.32	)	 	$	2.62	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.74	)	 	$	0.41	 	 	$	(1.32	)	 	$	2.58	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Earnings (loss) per common share:	  				 				 				 				
Basic	  	$	(0.74	)	 	$	0.41	 	 	$	(1.32	)	 	$	2.77	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.74	)	 	$	0.40	 	 	$	(1.32	)	 	$	2.73	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average common shares outstanding:	  				 				 				 				
Basic	  	 	433.1	 	 	 	437.4	 	 	 	433.2	 	 	 	439.7	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	 	433.1	 	 	 	441.1	 	 	 	433.2	 	 	 	447.6	 	

19

Reconciliation of Net Operating Income (Loss) to Net Income (Loss)
(Amounts in millions, except per share amounts)

 	  	Three months ended
December 31,	 	 	Twelve months ended
December 31,	 	
 	  	2008	 	 	2007	 	 	2008	 	 	2007	 	
Net operating income (loss):	  				 				 				 				
Retirement and Protection segment	  	$	(189	)	 	$	174	 	 	$	301	 	 	$	762	 	
International segment	  	 	124	 	 	 	180	 	 	 	633	 	 	 	585	 	
U.S. Mortgage Insurance segment	  	 	(114	)	 	 	(3	)	 	 	(330	)	 	 	167	 	
Corporate and Other	  	 	(28	)	 	 	(37	)	 	 	(135	)	 	 	(141	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net operating income (loss)	  	 	(207	)	 	 	314	 	 	 	469	 	 	 	1,373	 	
Net investment gains (losses), net of taxes and other adjustments	  	 	(89	)	 	 	(134	)	 	 	(1,016	)	 	 	(205	)	
Expenses related to reorganization, net of taxes	  	 	(25	)	 	 	—  	 	 	 	(25	)	 	 	(14	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Income (loss) from continuing operations	  	 	(321	)	 	 	180	 	 	 	(572	)	 	 	1,154	 	
Income from discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	15	 	
Gain (loss) on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	51	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net income (loss)	  	$	(321	)	 	$	178	 	 	$	(572	)	 	$	1,220	 	

Earnings (loss) per common share:	  				 				 				 				
Basic	  	$	(0.74	)	 	$	0.41	 	 	$	(1.32	)	 	$	2.77	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.74	)	 	$	0.40	 	 	$	(1.32	)	 	$	2.73	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net operating earnings (loss) per common share:	  				 				 				 				
Basic	  	$	(0.48	)	 	$	0.72	 	 	$	1.08	 	 	$	3.12	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	$	(0.48	)	 	$	0.71	 	 	$	1.08	 	 	$	3.07	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Weighted-average common shares outstanding:	  				 				 				 				
Basic	  	 	433.1	 	 	 	437.4	 	 	 	433.2	 	 	 	439.7	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Diluted	  	 	433.1	 	 	 	441.1	 	 	 	433.2	 	 	 	447.6	 	

20

Table of Contents
Exhibit 99.2

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT

 Table of Contents	  	Page	
Investor Letter	  	3	
Use of Non-GAAP Measures and Selected Operating Performance Measures	  	4	
Financial Highlights	  	5	
		
Fourth Quarter Results	  		
Net Income (Loss)	  	7	
Net Operating Income (Loss) by Segment	  	8	
Consolidated Net Income (Loss) by Quarter	  	9	
Net Operating Income (Loss) by Segment by Quarter	  	10	
Consolidated Balance Sheets	  	11-12	
Consolidated Balance Sheets by Segment	  	13-14	
Deferred Acquisition Costs Rollforwar d	  	15	
		
Quarterly Results by Segment	  		
Net Operating Income (Loss) by Segmen t	  	17-20	
Net Operating Income (Loss) and Sales—Retirement and Protection	  	22-33	
Net Operating Income (Loss) and Sales—International	  	35-43	
Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance	  	45-54	
Net Operating Loss—Corporate and Other	  	56	
		
Additional Financial Data	  		
Investments Summary	  	58	
Fixed Maturities Summary	  	59	
Additional Information on Mortgage-backed and Asset-backed Securities Collateralized by Sub-prime Residential Mortgage Loans	  	60	
Additional Information on Mortgage-backed and Asset-backed Securities Collateralized by Alt-A Residential Mortgage Loans	  	61	
Additional Information on Commercial Mortgage-backed Securities	  	62	
Commercial Mortgage Loans Summary	  	63	
General Account GAAP Net Investment Income Yields	  	64	
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail	  	65	
		
Reconciliations of Non-GAAP Measures	  		
Reconciliation of Operating ROE	  	67	
Reconciliation of Expense Ratio	  	68	
Reconciliation of Core Premium s	  	69	
Reconciliation of Core Yield	  	70	
		
Corporate Information	  		
Industry Ratings	  	72-73	
 
2

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Dear Investor,
You will note that in the investments section we have added original rating data to the additional information regarding mortgage-backed and asset-based securities collateralized by sub-prime and Alt-A residential mortgage loans and the additional information regarding commercial mortgage-backed securities. These additions can be found on pages 60, 61 and 62.
Once again, thank you for your continued interest in Genworth Financial and please feel free to call with any questions or comments.
Regards,
Alicia Charity
Vice President
Investor Relations
804-662-2248
 
3

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Use of Non-GAAP Measures
This financial supplement includes the non-GAAP (1) financial measure entitled “net operating income (loss).” Our chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss). We define net operating income (loss) as income (loss) from continuing operations excluding after-tax net investment gains (losses) and other adjustments and infrequent or unusual non-operating items. We exclude net investment gains (losses) and infrequent or unusual non-operating items because we do not consider them to be related to the operating performance of our segments and Corporate and Other activities. A significant component of our net investment gains (losses) is the result of impairments, including changes in intent to hold securities to recovery, and credit-related gains and losses, the timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) are often subject to our discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Infrequent or unusual non-operating items are also excluded from net operating income (loss) if, in our opinion, they are not indicative of overall operating trends. While some of these items may be significant components of net income (loss) in accordance with GAAP, we believe that net operating income (loss), and measures that are derived from or incorporate net operating income (loss), are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. However, net operating income (loss) is not a substitute for net income (loss) determined in accordance with GAAP. In addition, the company’s definition of net operating income (loss) may differ from the definitions used by other companies. The table on page 8 of this report reflects net operating income (loss) as determined in accordance with the Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information, and a reconciliation of net operating income (loss) of our segments and Corporate and Other activities to net income (loss) for the three and twelve months ended December 31, 2008 and 2007. This financial supplement includes other non-GAAP measures management believes enhances the understanding and comparability of performance by highlighting underlying business activity and profitability drivers. These additional non-GAAP measures are on pages 66 through 70 of this financial supplement.
Selected Operating Performance Measures
This financial supplement contains selected operating performance measures including “sales”, “assets under management” and “insurance in-force” or “risk in-force” which are commonly used in the insurance and investment industries as measures of operating performance.
Management regularly monitors and reports the sales metrics as a measure of volume of new and renewal business generated in a period. Sales refers to (1) annualized first-year premiums for term life, long-term care and Medicare supplement insurance; (2) new and additional premiums/deposits for universal life insurance, linked-benefits, spread-based and variable products; (3) gross and net flows, which represent gross flows less redemptions, for our wealth management (2) business; (4) written premiums and deposits, gross of ceded reinsurance and cancellations, and premium equivalents, where we earn a fee for administrative services only business, for lifestyle protection insurance business (3) ; (5) new insurance written for mortgage insurance, which in each case reflects the amount of business the company generated during each period presented; and (6) written premiums, net of cancellations, for our Mexican insurance operations. Sales do not include renewal premiums on policies or contracts written during prior periods.
The company considers annualized first-year premiums, new premiums/deposits, gross flows and net flows, written premiums, premium equivalents and new insurance written to be measures of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than measures of the company’s revenues or profitability during that period.
Management regularly monitors and reports assets under management for our wealth management business, insurance in-force and risk in-force. Assets under management for our wealth management business represent third-party assets under management that are not consolidated in our financial statements. Insurance in-force for our life insurance, international and U.S. mortgage insurance businesses is a measure of the aggregate face value of outstanding insurance policies as of the respective reporting date. Risk in-force for our international and U.S. mortgage insurance businesses is a measure that recognizes that the loss on any particular mortgage loan will be reduced by the net proceeds received upon sale of the underlying property. The company considers assets under management for our wealth management business, insurance in-force and risk in-force to be measures of the company’s operating performance because they represent measures of the size of our business at a specific date, rather than measures of the company’s revenues or profitability during that period.
These operating measures enable the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.

(1)	U.S. Generally Accepted Accounting Principles	
(2)	Formerly known as Managed Money.	
(3)	Formerly known as Payment Protection Insurance.	
 
4

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Financial Highlights
(amounts in millions, except per share data)

Balance Sheet Data	  	2008	 	 	2007	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Q4	 	 	Q3	  	Q2	  	Q1	
Total stockholders’ equity, excluding accumulated other comprehensive income (loss)	  	$	11,988	 	 	$	12,317	 	 	$	12,616	 	 	$	12,760	 	 	$	12,751	 	 	$	12,620	  	$	12,416	  	$	12,197	
Total accumulated other comprehensive income (loss)	  	 	(3,062	)	 	 	(1,819	)	 	 	(271	)	 	 	(35	)	 	 	727	 	 	 	697	  	 	550	  	 	1,111	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	  	 	 	
Total stockholders’ equity	  	$	8,926	 	 	$	10,498	 	 	$	12,345	 	 	$	12,725	 	 	$	13,478	 	 	$	13,317	  	$	12,966	  	$	13,308	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	  	 	 	
Book value per common share	  	$	20.60	 	 	$	24.24	 	 	$	28.52	 	 	$	29.41	 	 	$	30.92	 	 	$	30.32	  	$	29.30	  	$	30.43	
Book value per common share, excluding accumulated other comprehensive income (loss)	  	$	27.67	 	 	$	28.44	 	 	$	29.14	 	 	$	29.49	 	 	$	29.25	 	 	$	28.73	  	$	28.05	  	$	27.89	
Common shares outstanding as of balance sheet date	  	 	433.2	 	 	 	433.1	 	 	 	432.9	 	 	 	432.7	 	 	 	435.9	 	 	 	439.2	  	 	442.6	  	 	437.4	
					
   	  	Twelve months ended	 	 	 	  	 	  	 	
Twelve Month Rolling Average ROE	  	December 31,
2008	 	 	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	 	 	  	 	  	 	
GAAP Basis ROE	  	 	-4.6	%	 	 	-0.6	%	 	 	4.1	%	 	 	8.1	%	 	 	9.8	%	 			  			  			
Operating ROE	  	 	3.8	%	 	 	7.8	%	 	 	9.0	%	 	 	10.2	%	 	 	11.0	%	 			  			  			
					
   	  	Three months ended	 	 	 	  	 	  	 	
Quarterly Average ROE	  	December 31,
2008	 	 	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	 	 	  	 	  	 	
GAAP Basis ROE	  	 	-10.6	%	 	 	-8.3	%	 	 	-3.4	%	 	 	3.6	%	 	 	5.6	%	 			  			  			
Operating ROE	  	 	-6.8	%	 	 	7.1	%	 	 	6.7	%	 	 	7.7	%	 	 	9.9	%	 			  			  			
See page 67 herein for a reconciliation of GAAP Basis ROE to Operating ROE.

Basic and Diluted Shares	  	Three months
ended
December 31,
2008	  	Twelve months
ended
December 31,
2008	
Weighted-average shares used in basic earnings (loss) per common share calculations	  	433.1	  	433.2	
Potentially dilutive securities:	  		  		
Stock options, restricted stock units and stock appreciation rights	  	—  	  	—  	
	  	 	  	 	
Weighted-average shares used in diluted earnings (loss) per common share calculations	  	433.1	  	433.2	

5

Table of Contents
 Fourth Quarter Results
 
6

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Income (Loss)
(amounts in millions)

 	  	Three months ended
December 31,	 	 	Twelve months ended
December 31,	 	
 	  	    2008    	 	 	    2007    	 	 	    2008    	 	 	    2007    	 	
REVENUES:	  				 				 				 				
Premiums	  	$	1,616	 	 	$	1,670	 	 	$	6,777	 	 	$	6,330	 	
Net investment income	  	 	857	 	 	 	1,053	 	 	 	3,730	 	 	 	4,135	 	
Net investment gains (losses)	  	 	(149	)	 	 	(214	)	 	 	(1,709	)	 	 	(332	)	
Insurance and investment product fees and other	  	 	305	 	 	 	266	 	 	 	1,150	 	 	 	992	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	2,629	 	 	 	2,775	 	 	 	9,948	 	 	 	11,125	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				
Benefits and other changes in policy reserves	  	 	1,522	 	 	 	1,255	 	 	 	5,806	 	 	 	4,580	 	
Interest credited	  	 	309	 	 	 	385	 	 	 	1,293	 	 	 	1,552	 	
Acquisition and operating expenses, net of deferrals	  	 	566	 	 	 	551	 	 	 	2,160	 	 	 	2,075	 	
Amortization of deferred acquisition costs and intangibles	  	 	541	 	 	 	209	 	 	 	1,161	 	 	 	831	 	
Interest expense	  	 	123	 	 	 	126	 	 	 	470	 	 	 	481	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	3,061	 	 	 	2,526	 	 	 	10,890	 	 	 	9,519	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(432	)	 	 	249	 	 	 	(942	)	 	 	1,606	 	
Provision (benefit) for income taxes	  	 	(111	)	 	 	69	 	 	 	(370	)	 	 	452	 	
Effective tax rate	  	 	25.7	%	 	 	27.7	%	 	 	39.3	%	 	 	28.1	%	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(321	)	 	 	180	 	 	 	(572	)	 	 	1,154	 	
Income from discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	15	 	
Gain (loss) on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	51	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	$	(321	)	 	$	178	 	 	$	(572	)	 	$	1,220	 	

7

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Operating Income (Loss) by Segment
(amounts in millions, except per share amounts)

 	  	Three months ended
December 31,	 	 	Twelve months ended
December 31,	 	
 	  	    2008    	 	 	    2007    	 	 	    2008    	 	 	    2007    	 	
Retirement and Protection:	  				 				 				 				
Wealth Management (1)	  	$	8	 	 	$	12	 	 	$	43	 	 	$	44	 	
Retirement Income	  	 	(310	)	 	 	41	 	 	 	(246	)	 	 	212	 	
Institutional	  	 	15	 	 	 	9	 	 	 	80	 	 	 	43	 	
Life Insurance	  	 	49	 	 	 	76	 	 	 	264	 	 	 	310	 	
Long-Term Care Insurance	  	 	49	 	 	 	36	 	 	 	160	 	 	 	153	 	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Retirement and Protection	  	 	(189	)	 	 	174	 	 	 	301	 	 	 	762	 	
International:	  				 				 				 				
International Mortgage Insurance	 	—Canada	  	 	67	 	 	 	88	 	 	 	305	 	 	 	270	 	
	 	—Australia	  	 	40	 	 	 	40	 	 	 	185	 	 	 	156	 	
	 	—Other	  	 	(8	)	 	 	16	 	 	 	(9	)	 	 	29	 	
Lifestyle Protection (2)	  	 	25	 	 	 	36	 	 	 	152	 	 	 	130	 	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total International	  	 	124	 	 	 	180	 	 	 	633	 	 	 	585	 	
U.S. Mortgage Insurance	  	 	(114	)	 	 	(3	)	 	 	(330	)	 	 	167	 	
Corporate and Other	  	 	(28	)	 	 	(37	)	 	 	(135	)	 	 	(141	)	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS) (3) 	  	 	(207	)	 	 	314	 	 	 	469	 	 	 	1,373	 	
					
ADJUSTMENTS TO NET OPERATING INCOME (LOSS):	  				 				 				 				
Income from discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	15	 	
Gain on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	51	 	
Net investment gains (losses), net of taxes and other adjustments (4)	  	 	(89	)	 	 	(134	)	 	 	(1,016	)	 	 	(205	)	
Expenses related to reorganization, net of taxes	  	 	(25	)	 	 	—  	 	 	 	(25	)	 	 	(14	)	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	$	(321	)	 	$	178	 	 	$	(572	)	 	$	1,220	 	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Earnings (Loss) Per Share Data:	  				 				 				 				
Earnings (loss) per common share	  				 				 				 				
Basic	  	$	(0.74	)	 	$	0.41	 	 	$	(1.32	)	 	$	2.77	 	
Diluted	  	$	(0.74	)	 	$	0.40	 	 	$	(1.32	)	 	$	2.73	 	
Net operating earnings (loss) per common share	  				 				 				 				
Basic	  	$	(0.48	)	 	$	0.72	 	 	$	1.08	 	 	$	3.12	 	
Diluted	  	$	(0.48	)	 	$	0.71	 	 	$	1.08	 	 	$	3.07	 	
Shares outstanding	  				 				 				 				
Basic	  	 	433.1	 	 	 	437.4	 	 	 	433.2	 	 	 	439.7	 	
Diluted	  	 	433.1	 	 	 	441.1	 	 	 	433.2	 	 	 	447.6	 	

(1)	Formerly known as Managed Money.	

(2)	Formerly known as Payment Protection Insurance.	

(3)	Represents income or loss of our operating segments: Retirement and Protection, International and U.S. Mortgage Insurance, as well as our Corporate and Other activities. The separate financial information of each segment is presented consistently with the manner in which our chief operating decision maker evaluates segment performance and allocates resources in accordance with Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information . See Use of Non-GAAP measures for additional information.	

(4)	See page 65 for details on fourth quarter 2008 net investment gains (losses), net of taxes and other adjustments.	
 
8

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Consolidated Net Income (Loss) by Quarter
(amounts in millions, except per share amounts)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	1,616	 	 	$	1,735	 	 	$	1,709	 	 	$	1,717	 	 	$	6,777	 	 	$	1,670	 	 	$	1,600	 	 	$	1,549	 	 	$	1,511	 	 	$	6,330	 	
Net investment income	  	 	857	 	 	 	918	 	 	 	953	 	 	 	1,002	 	 	 	3,730	 	 	 	1,053	 	 	 	1,074	 	 	 	1,024	 	 	 	984	 	 	 	4,135	 	
Net investment gains (losses)	  	 	(149	) 	 	 	(816	)	 	 	(518	)	 	 	(226	)	 	 	(1,709	)	 	 	(214	)	 	 	(48	)	 	 	(51	)	 	 	(19	)	 	 	(332	)	
Insurance and investment product fees and other	  	 	305	 	 	 	331	 	 	 	254	 	 	 	260	 	 	 	1,150	 	 	 	266	 	 	 	249	 	 	 	243	 	 	 	234	 	 	 	992	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	2,629	 	 	 	2,168	 	 	 	2,398	 	 	 	2,753	 	 	 	9,948	 	 	 	2,775	 	 	 	2,875	 	 	 	2,765	 	 	 	2,710	 	 	 	11,125	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,522	 	 	 	1,497	 	 	 	1,386	 	 	 	1,401	 	 	 	5,806	 	 	 	1,255	 	 	 	1,168	 	 	 	1,090	 	 	 	1,067	 	 	 	4,580	 	
Interest credited	  	 	309	 	 	 	319	 	 	 	320	 	 	 	345	 	 	 	1,293	 	 	 	385	 	 	 	391	 	 	 	391	 	 	 	385	 	 	 	1,552	 	
Acquisition and operating expenses, net of deferrals	  	 	566	 	 	 	515	 	 	 	551	 	 	 	528	 	 	 	2,160	 	 	 	551	 	 	 	540	 	 	 	495	 	 	 	489	 	 	 	2,075	 	
Amortization of deferred acquisition costs and intangibles	  	 	541	 	 	 	208	 	 	 	209	 	 	 	203	 	 	 	1,161	 	 	 	209	 	 	 	202	 	 	 	207	 	 	 	213	 	 	 	831	 	
Interest expense	  	 	123	 	 	 	125	 	 	 	110	 	 	 	112	 	 	 	470	 	 	 	126	 	 	 	124	 	 	 	124	 	 	 	107	 	 	 	481	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	3,061	 	 	 	2,664	 	 	 	2,576	 	 	 	2,589	 	 	 	10,890	 	 	 	2,526	 	 	 	2,425	 	 	 	2,307	 	 	 	2,261	 	 	 	9,519	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(432	)	 	 	(496	)	 	 	(178	)	 	 	164	 	 	 	(942	)	 	 	249	 	 	 	450	 	 	 	458	 	 	 	449	 	 	 	1,606	 	
Provision (benefit) for income taxes	  	 	(111	)	 	 	(238	)	 	 	(69	)	 	 	48	 	 	 	(370	)	 	 	69	 	 	 	111	 	 	 	137	 	 	 	135	 	 	 	452	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(321	)	 	 	(258	)	 	 	(109	)	 	 	116	 	 	 	(572	)	 	 	180	 	 	 	339	 	 	 	321	 	 	 	314	 	 	 	1,154	 	
Income from discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	5	 	 	 	10	 	 	 	15	 	
Gain (loss) on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	53	 	 	 	—  	 	 	 	51	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	$	(321	)	 	$	(258	)	 	$	(109	)	 	$	116	 	 	$	(572	)	 	$	178	 	 	$	339	 	 	$	379	 	 	$	324	 	 	$	1,220	 	

Earnings (Loss) Per Share Data:	  				 				 				 				 				 				 				 				 				 				
Earnings (loss) from continuing operations per common share	  				 				 				 				 				 				 				 				 				 				
Basic	  	$	(0.74	)	 	$	(0.60	)	 	$	(0.25	)	 	$	0.27	 	 	$	(1.32	)	 	$	0.41	 	 	$	0.77	 	 	$	0.73	 	 	$	0.71	 	 	$	2.62	 	
Diluted	  	$	(0.74	)	 	$	(0.60	)	 	$	(0.25	)	 	$	0.27	 	 	$	(1.32	)	 	$	0.41	 	 	$	0.76	 	 	$	0.72	 	 	$	0.69	 	 	$	2.58	 	
Earnings (loss) per common share	  				 				 				 				 				 				
Basic	  	$	(0.74	)	 	$	(0.60	)	 	$	(0.25	)	 	$	0.27	 	 	$	(1.32	)	 	$	0.41	 	 	$	0.77	 	 	$	0.86	 	 	$	0.74	 	 	$	2.77	 	
Diluted	  	$	(0.74	)	 	$	(0.60	)	 	$	(0.25	)	 	$	0.27	 	 	$	(1.32	)	 	$	0.40	 	 	$	0.76	 	 	$	0.84	 	 	$	0.71	 	 	$	2.73	 	
Shares outstanding	  				 				 				 				 				 				 				 				 				 				
Basic	  	 	433.1	 	 	 	433.1	 	 	 	432.9	 	 	 	433.6	 	 	 	433.2	 	 	 	437.4	 	 	 	441.1	 	 	 	439.4	 	 	 	441.0	 	 	 	439.7	 	
Diluted	  	 	433.1	 	 	 	433.1	 	 	 	432.9	 	 	 	436.8	 	 	 	433.2	 	 	 	441.1	 	 	 	445.6	 	 	 	449.0	 	 	 	455.0	 	 	 	447.6	 	
 
9

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Operating Income (Loss) by Segment by Quarter
(amounts in millions, except per share amounts)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Retirement and Protection:	  			 	 				 				 				 				 				 				 				 				 				
Wealth Management	  	$	8	 	 	$	12	 	 	$	11	 	 	$	12	 	 	$	43	 	 	$	12	 	 	$	11	 	 	$	11	 	 	$	10	 	 	$	44	 	
Retirement Income	  	 	(310	) 	 	 	15	 	 	 	13	 	 	 	36	 	 	 	(246	)	 	 	41	 	 	 	82	 	 	 	43	 	 	 	46	 	 	 	212	 	
Institutional	  	 	15	 	 	 	49	 	 	 	5	 	 	 	11	 	 	 	80	 	 	 	9	 	 	 	10	 	 	 	10	 	 	 	14	 	 	 	43	 	
Life Insurance	  	 	49	 	 	 	63	 	 	 	87	 	 	 	65	 	 	 	264	 	 	 	76	 	 	 	81	 	 	 	75	 	 	 	78	 	 	 	310	 	
Long-Term Care Insurance	  	 	49	 	 	 	39	 	 	 	34	 	 	 	38	 	 	 	160	 	 	 	36	 	 	 	39	 	 	 	41	 	 	 	37	 	 	 	153	 	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Retirement and Protection	  	 	(189	)	 	 	178	 	 	 	150	 	 	 	162	 	 	 	301	 	 	 	174	 	 	 	223	 	 	 	180	 	 	 	185	 	 	 	762	 	
International:	  			 	 				 				 				 				 				 				 				 				 				
International Mortgage Insurance	 	—Canada	  	 	67	 	 	 	80	 	 	 	83	 	 	 	75	 	 	 	305	 	 	 	88	 	 	 	68	 	 	 	59	 	 	 	55	 	 	 	270	 	
	 	—Australia	  	 	40	 	 	 	48	 	 	 	50	 	 	 	47	 	 	 	185	 	 	 	40	 	 	 	36	 	 	 	44	 	 	 	36	 	 	 	156	 	
	 	—Other	  	 	(8	)	 	 	(2	)	 	 	1	 	 	 	—  	 	 	 	(9	)	 	 	16	 	 	 	6	 	 	 	4	 	 	 	3	 	 	 	29	 	
Lifestyle Protection	  	 	25	 	 	 	40	 	 	 	49	 	 	 	38	 	 	 	152	 	 	 	36	 	 	 	30	 	 	 	35	 	 	 	29	 	 	 	130	 	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total International	  	 	124	 	 	 	166	 	 	 	183	 	 	 	160	 	 	 	633	 	 	 	180	 	 	 	140	 	 	 	142	 	 	 	123	 	 	 	585	 	
U.S. Mortgage Insurance	  	 	(114	)	 	 	(121	)	 	 	(59	)	 	 	(36	)	 	 	(330	)	 	 	(3	)	 	 	39	 	 	 	66	 	 	 	65	 	 	 	167	 	
Corporate and Other	  	 	(28	)	 	 	(3	)	 	 	(62	)	 	 	(42	)	 	 	(135	)	 	 	(37	)	 	 	(34	)	 	 	(37	)	 	 	(33	)	 	 	(141	)	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	 	(207	)	 	 	220	 	 	 	212	 	 	 	244	 	 	 	469	 	 	 	314	 	 	 	368	 	 	 	351	 	 	 	340	 	 	 	1,373	 	
	 										
ADJUSTMENTS TO NET OPERATING INCOME (LOSS):	  			 	 				 				 				 				 				 				 				 				 				
Income from discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	5	 	 	 	10	 	 	 	15	 	
Gain (loss) on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	53	 	 	 	—  	 	 	 	51	 	
Net investment gains (losses), net of taxes and other adjustments	  	 	(89	)	 	 	(478	)	 	 	(321	)	 	 	(128	)	 	 	(1,016	)	 	 	(134	)	 	 	(29	)	 	 	(30	)	 	 	(12	)	 	 	(205	)	
Expenses related to reorganization, net of taxes	  	 	(25	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(25	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(14	)	 	 	(14	)	
	 		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	$	(321	)	 	$	(258	)	 	$	(109	)	 	$	116	 	 	$	(572	)	 	$	178	 	 	$	339	 	 	$	379	 	 	$	324	 	 	$	1,220	 	

Earnings (Loss) Per Share Data:	  				 				 				 				 				 				 				 				 				 				
Earnings (loss) per common share	  				 				 				 				 				 				
Basic	  	$	(0.74	)	 	$	(0.60	)	 	$	(0.25	)	 	$	0.27	 	 	$	(1.32	)	 	$	0.41	 	 	$	0.77	 	 	$	0.86	 	 	$	0.74	 	 	$	2.77	 	
Diluted	  	$	(0.74	)	 	$	(0.60	)	 	$	(0.25	)	 	$	0.27	 	 	$	(1.32	)	 	$	0.40	 	 	$	0.76	 	 	$	0.84	 	 	$	0.71	 	 	$	2.73	 	
Net operating earnings (loss) per common share	  				 				 				 				 				 				 				 				 				 				
Basic	  	$	(0.48	)	 	$	0.51	 	 	$	0.49	 	 	$	0.56	 	 	$	1.08	 	 	$	0.72	 	 	$	0.83	 	 	$	0.80	 	 	$	0.77	 	 	$	3.12	 	
Diluted	  	$	(0.48	)	 	$	0.51	 	 	$	0.49	 	 	$	0.56	 	 	$	1.08	 	 	$	0.71	 	 	$	0.83	 	 	$	0.78	 	 	$	0.75	 	 	$	3.07	 	
Shares outstanding	  				 				 				 				 				 				 				 				 				 				
Basic	  	 	433.1	 	 	 	433.1	 	 	 	432.9	 	 	 	433.6	 	 	 	433.2	 	 	 	437.4	 	 	 	441.1	 	 	 	439.4	 	 	 	441.0	 	 	 	439.7	 	
Diluted	  	 	433.1	 	 	 	433.1	 	 	 	432.9	 	 	 	436.8	 	 	 	433.2	 	 	 	441.1	 	 	 	445.6	 	 	 	449.0	 	 	 	455.0	 	 	 	447.6	 	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Consolidated Balance Sheets
(amounts in millions)

 	  	December 31,
2008	 	  	September 30,
2008	  	June 30,
2008	  	March 31,
2008	  	December 31,
2007	
ASSETS	  			 	  			  			  			  			
Investments:	  			 	  			  			  			  			
Fixed maturity securities available-for-sale, at fair value	  	$	42,871	  	  	$	48,724	  	$	51,887	  	$	53,031	  	$	55,154	
Equity securities available-for-sale, at fair value	  	 	234	 	  	 	309	  	 	409	  	 	394	  	 	366	
Commercial mortgage loans	  	 	8,262	 	  	 	8,447	  	 	8,573	  	 	8,822	  	 	8,953	
Policy loans	  	 	1,834	 	  	 	1,822	  	 	1,806	  	 	1,654	  	 	1,651	
Other invested assets	  	 	7,411	 	  	 	4,913	  	 	4,614	  	 	5,603	  	 	4,676	
	  	 	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total investments	  	 	60,612	 	  	 	64,215	  	 	67,289	  	 	69,504	  	 	70,800	
Cash and cash equivalents	  	 	7,328	 	  	 	5,102	  	 	5,861	  	 	3,768	  	 	3,091	
Accrued investment income	  	 	736	 	  	 	794	  	 	679	  	 	863	  	 	773	
Deferred acquisition costs	  	 	7,786	 	  	 	7,681	  	 	7,530	  	 	7,330	  	 	7,034	
Intangible assets	  	 	1,147	 	  	 	1,068	  	 	991	  	 	959	  	 	914	
Goodwill	  	 	1,316	 	  	 	1,572	  	 	1,618	  	 	1,609	  	 	1,600	
Reinsurance recoverable	  	 	17,212	 	  	 	16,763	  	 	16,571	  	 	16,498	  	 	16,483	
Other assets	  	 	1,000	 	  	 	1,075	  	 	1,320	  	 	912	  	 	822	
Deferred tax asset	  	 	849	 	  	 	194	  	 	—  	  	 	—  	  	 	—  	
Separate account assets	  	 	9,215	 	  	 	11,097	  	 	12,356	  	 	12,151	  	 	12,798	
	  	 	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total assets	  	$	107,201	 	  	$	109,561	  	$	114,215	  	$	113,594	  	$	114,315	

 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Consolidated Balance Sheets—(Continued)
(amounts in millions)

 	  	December 31,
2008	 	  	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  			 	  				 				 				 				
Liabilities:	  			 	  				 				 				 				
Future policy benefits	  	$	28,533	 	  	$	28,017	 	 	$	27,529	 	 	$	27,174	 	 	$	26,740	 	
Policyholder account balances	  	 	34,702	 	  	 	35,565	 	 	 	36,842	 	 	 	36,764	 	 	 	36,913	 	
Liability for policy and contract claims	  	 	5,322	 	  	 	4,776	 	 	 	4,418	 	 	 	4,011	 	 	 	3,693	 	
Unearned premiums	  	 	4,734	 	  	 	5,345	 	 	 	5,758	 	 	 	5,653	 	 	 	5,631	 	
Other liabilities	  	 	6,920	 	  	 	6,200	 	 	 	6,093	 	 	 	6,671	 	 	 	6,255	 	
Non-recourse funding obligations	  	 	3,455	 	  	 	3,455	 	 	 	3,455	 	 	 	3,455	 	 	 	3,455	 	
Short-term borrowings	  	 	1,133	 	  	 	78	 	 	 	200	 	 	 	200	 	 	 	200	 	
Long-term borrowings	  	 	4,261	 	  	 	4,530	 	 	 	4,531	 	 	 	3,966	 	 	 	3,903	 	
Deferred tax liability	  	 	—  	 	  	 	—  	 	 	 	688	 	 	 	824	 	 	 	1,249	 	
Separate account liabilities	  	 	9,215	 	  	 	11,097	 	 	 	12,356	 	 	 	12,151	 	 	 	12,798	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	98,275	 	  	 	99,063	 	 	 	101,870	 	 	 	100,869	 	 	 	100,837	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Common stock	  	 	1	 	  	 	1	 	 	 	1	 	 	 	1	 	 	 	1	 	
Additional paid-in capital	  	 	11,477	 	  	 	11,484	 	 	 	11,482	 	 	 	11,473	 	 	 	11,461	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	  			 	  				 				 				 				
Net unrealized investment gains (losses)	  	 	(4,038	)	  	 	(2,963	)	 	 	(1,723	)	 	 	(1,479	)	 	 	(526	)	
Derivatives qualifying as hedges	  	 	1,161	 	  	 	761	 	 	 	548	 	 	 	620	 	 	 	473	 	
Foreign currency translation and other adjustments	  	 	(185	)	  	 	383	 	 	 	904	 	 	 	824	 	 	 	780	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)	  	 	(3,062	)	  	 	(1,819	)	 	 	(271	)	 	 	(35	)	 	 	727	 	
Retained earnings	  	 	3,210	 	  	 	3,532	 	 	 	3,833	 	 	 	3,986	 	 	 	3,913	 	
Treasury stock, at cost	  	 	(2,700	)	  	 	(2,700	)	 	 	(2,700	)	 	 	(2,700	)	 	 	(2,624	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	8,926	 	  	 	10,498	 	 	 	12,345	 	 	 	12,725	 	 	 	13,478	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	107,201	 	  	$	109,561	 	 	$	114,215	 	 	$	113,594	 	 	$	114,315	 	

 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	December 31, 2008	 	
 	  	Retirement and
Protection	 	 	International	 	 	U.S. Mortgage
Insurance	 	 	Corporate and
Other (1)	 	 	Total	 	
ASSETS	  				 				 				 				 				
Cash and investments	  	$	52,632	 	 	$	9,156	 	 	$	3,163	 	 	$	3,725	 	 	$	68,676	 	
Deferred acquisition costs and intangible assets	  	 	9,179	 	 	 	940	 	 	 	32	 	 	 	98	 	 	 	10,249	 	
Reinsurance recoverable	  	 	16,571	 	 	 	129	 	 	 	512	 	 	 	—  	 	 	 	17,212	 	
Deferred tax and other assets	  	 	520	 	 	 	72	 	 	 	271	 	 	 	986	 	 	 	1,849	 	
Separate account assets	  	 	9,215	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	9,215	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	88,117	 	 	$	10,297	 	 	$	3,978	 	 	$	4,809	 	 	$	107,201	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  				 				 				 				 				
Liabilities:	  				 				 				 				 				
Future policy benefits	  	$	28,533	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	28,533	 	
Policyholder account balances	  	 	34,683	 	 	 	19	 	 	 	—  	 	 	 	—  	 	 	 	34,702	 	
Liability for policy and contract claims	  	 	3,035	 	 	 	572	 	 	 	1,712	 	 	 	3	 	 	 	5,322	 	
Unearned premiums	  	 	552	 	 	 	4,063	 	 	 	119	 	 	 	—  	 	 	 	4,734	 	
Non-recourse funding obligations	  	 	3,555	 	 	 	—  	 	 	 	—  	 	 	 	(100	)	 	 	3,455	 	
Other liabilities	  	 	2,316	 	 	 	1,320	 	 	 	30	 	 	 	3,254	 	 	 	6,920	 	
Borrowing and capital securities	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	5,394	 	 	 	5,394	 	
Separate account liabilities	  	 	9,215	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	9,215	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	81,889	 	 	 	5,974	 	 	 	1,861	 	 	 	8,551	 	 	 	98,275	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  				 				 				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	8,659	 	 	 	4,550	 	 	 	2,270	 	 	 	(3,491	)	 	 	11,988	 	
Allocated accumulated other comprehensive income (loss)	  	 	(2,431	)	 	 	(227	)	 	 	(153	)	 	 	(251	)	 	 	(3,062	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	6,228	 	 	 	4,323	 	 	 	2,117	 	 	 	(3,742	)	 	 	8,926	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	88,117	 	 	$	10,297	 	 	$	3,978	 	 	$	4,809	 	 	$	107,201	 	

(1)	Includes inter-segment eliminations.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	September 30, 2008	 	
 	  	Retirement and
Protection	 	 	International	  	U.S. Mortgage
Insurance	 	 	Corporate and
Other (1)	 	 	Total	 	
ASSETS	  				 			  				 				 				
Cash and investments	  	$	53,836	 	 	$	10,083	  	$	3,115	 	 	$	3,077	 	 	$	70,111	 	
Deferred acquisition costs and intangible assets	  	 	9,135	 	 	 	1,052	  	 	38	 	 	 	96	 	 	 	10,321	 	
Reinsurance recoverable	  	 	16,322	 	 	 	136	  	 	305	 	 	 	—  	 	 	 	16,763	 	
Deferred tax and other assets	  	 	158	 	 	 	101	  	 	246	 	 	 	764	 	 	 	1,269	 	
Separate account assets	  	 	11,097	 	 	 	—  	  	 	—  	 	 	 	—  	 	 	 	11,097	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	90,548	 	 	$	11,372	  	$	3,704	 	 	$	3,937	 	 	$	109,561	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  				 			  				 				 				
Liabilities:	  				 			  				 				 				
Future policy benefits	  	$	28,017	 	 	$	—  	  	$	—  	 	 	$	—  	 	 	$	28,017	 	
Policyholder account balances	  	 	35,538	 	 	 	27	  	 	—  	 	 	 	—  	 	 	 	35,565	 	
Liability for policy and contract claims	  	 	2,864	 	 	 	597	  	 	1,312	 	 	 	3	 	 	 	4,776	 	
Unearned premiums	  	 	549	 	 	 	4,679	  	 	117	 	 	 	—  	 	 	 	5,345	 	
Non-recourse funding obligations	  	 	3,555	 	 	 	—  	  	 	—  	 	 	 	(100	)	 	 	3,455	 	
Other liabilities	  	 	2,008	 	 	 	1,462	  	 	50	 	 	 	2,680	 	 	 	6,200	 	
Borrowing and capital securities	  	 	—  	 	 	 	—  	  	 	—  	 	 	 	4,608	 	 	 	4,608	 	
Separate account liabilities	  	 	11,097	 	 	 	—  	  	 	—  	 	 	 	—  	 	 	 	11,097	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	83,628	 	 	 	6,765	  	 	1,479	 	 	 	7,191	 	 	 	99,063	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  				 			  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	8,773	 	 	 	4,337	  	 	2,358	 	 	 	(3,151	)	 	 	12,317	 	
Allocated accumulated other comprehensive income (loss)	  	 	(1,853	)	 	 	270	  	 	(133	)	 	 	(103	)	 	 	(1,819	)	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	6,920	 	 	 	4,607	  	 	2,225	 	 	 	(3,254	)	 	 	10,498	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	90,548	 	 	$	11,372	  	$	3,704	 	 	$	3,937	 	 	$	109,561	 	

(1)	Includes inter-segment eliminations.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Deferred Acquisition Costs Rollforward
(amounts in millions)

Deferred Acquisition Costs Rollforward	  	Retirement and
Protection	 	 	International	 	 	U.S. Mortgage
Insurance	 	 	Corporate
and Other	  	Total	 	
Unamortized balance as of September 30, 2008	  	$	6,379	 	 	$	893	 	 	$	30	 	 	$	—  	  	$	7,302	 	
Costs deferred	  	 	195	 	 	 	43	 	 	 	8	 	 	 	—  	  	 	246	 	
Amortization, net of interest accretion (1)	  	 	(183	)	 	 	(70	)	 	 	(15	)	 	 	—  	  	 	(268	)	
Impact of foreign currency translation	  	 	—  	 	 	 	(71	)	 	 	—  	 	 	 	—  	  	 	(71	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Unamortized balance as of December 31, 2008	  	 	6,391	 	 	 	795	 	 	 	23	 	 	 	—  	  	 	7,209	 	
Effect of accumulated net unrealized investment gains (losses)	  	 	577	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	577	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Balance as of December 31, 2008	  	$	6,968	 	 	$	795	 	 	$	23	 	 	$	—  	  	$	7,786	 	

(1)	Amortization, net of interest accretion, includes $(1) million of amortization related to net investment gains (losses) for our policyholder account balances.	
 
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 Quarterly Results by Segment
 
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Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Operating Income (Loss) by Segment
(amounts in millions)

 	 	Retirement and Protection	 	 	International	 	 	U.S.
Mortgage
Insurance	 	 	Corporate
and
Other (1)	 	 	Total	 	
Three Months Ended December 31, 2008	 	Wealth
Management	 	 	Retirement
Income	 	 	Institutional	 	 	Life
Insurance	 	 	Long-Term
Care
Insurance	 	 	Total	 	 	Mortgage
Insurance—
Canada	 	 	Mortgage
Insurance—
Australia	 	 	Other
Mortgage
Insurance	 	 	Lifestyle
Protection	 	 	Total	 	 			 			 			
REVENUES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Premiums	 	$	—  	 	 	$	105	 	 	$	—  	 	 	$	235	 	 	$	556	 	 	$	896	 	 	$	125	 	 	$	72	 	 	$	33	 	 	$	303	 	 	$	533	 	 	$	182	 	 	$	5	 	 	$	1,616	 	
Net investment income	 	 	—  	 	 	 	279	 	 	 	61	 	 	 	142	 	 	 	226	 	 	 	708	 	 	 	44	 	 	 	28	 	 	 	8	 	 	 	37	 	 	 	117	 	 	 	33	 	 	 	(1	)	 	 	857	 	
Net investment gains (losses)	 	 	(2	)	 	 	(253	)	 	 	(269	)	 	 	(230	)	 	 	629	 	 	 	(125	)	 	 	(2	)	 	 	(1	)	 	 	2	 	 	 	(4	)	 	 	(5	)	 	 	(15	)	 	 	(4	)	 	 	(149	)	
Insurance and investment product fees and other	 	 	73	 	 	 	49	 	 	 	40	 	 	 	96	 	 	 	6	 	 	 	264	 	 	 	—  	 	 	 	(1	)	 	 	(1	)	 	 	2	 	 	 	—  	 	 	 	4	 	 	 	37	 	 	 	305	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	71	 	 	 	180	 	 	 	(168	)	 	 	243	 	 	 	1,417	 	 	 	1,743	 	 	 	167	 	 	 	98	 	 	 	42	 	 	 	338	 	 	 	645	 	 	 	204	 	 	 	37	 	 	 	2,629	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Benefits and other changes in policy reserves	 	 	—  	 	 	 	231	 	 	 	—  	 	 	 	208	 	 	 	541	 	 	 	980	 	 	 	39	 	 	 	34	 	 	 	34	 	 	 	69	 	 	 	176	 	 	 	366	 	 	 	—  	 	 	 	1,522	 	
Interest credited	 	 	—  	 	 	 	128	 	 	 	74	 	 	 	60	 	 	 	47	 	 	 	309	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	309	 	
Acquisition and operating expenses, net of deferrals	 	 	59	 	 	 	51	 	 	 	1	 	 	 	41	 	 	 	95	 	 	 	247	 	 	 	24	 	 	 	13	 	 	 	18	 	 	 	191	 	 	 	246	 	 	 	32	 	 	 	41	 	 	 	566	 	
Amortization of deferred acquisition costs and intangibles	 	 	—  	 	 	 	374	 	 	 	1	 	 	 	44	 	 	 	32	 	 	 	451	 	 	 	7	 	 	 	5	 	 	 	7	 	 	 	53	 	 	 	72	 	 	 	14	 	 	 	4	 	 	 	541	 	
Interest expense	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	48	 	 	 	—  	 	 	 	48	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	5	 	 	 	6	 	 	 	—  	 	 	 	69	 	 	 	123	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	59	 	 	 	784	 	 	 	76	 	 	 	401	 	 	 	715	 	 	 	2,035	 	 	 	71	 	 	 	52	 	 	 	59	 	 	 	318	 	 	 	500	 	 	 	412	 	 	 	114	 	 	 	3,061	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	12	 	 	 	(604	)	 	 	(244	)	 	 	(158	)	 	 	702	 	 	 	(292	)	 	 	96	 	 	 	46	 	 	 	(17	)	 	 	20	 	 	 	145	 	 	 	(208	)	 	 	(77	)	 	 	(432	)	
Provision (benefit) for income taxes	 	 	5	 	 	 	(132	)	 	 	(84	)	 	 	(55	)	 	 	246	 	 	 	(20	)	 	 	31	 	 	 	8	 	 	 	(7	)	 	 	2	 	 	 	34	 	 	 	(83	)	 	 	(42	)	 	 	(111	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	7	 	 	 	(472	)	 	 	(160	)	 	 	(103	)	 	 	456	 	 	 	(272	)	 	 	65	 	 	 	38	 	 	 	(10	)	 	 	18	 	 	 	111	 	 	 	(125	)	 	 	(35	)	 	 	(321	)	
														 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Net investment (gains) losses, net of taxes and other adjustments	 	 	1	 	 	 	156	 	 	 	175	 	 	 	149	 	 	 	(410	)	 	 	71	 	 	 	1	 	 	 	1	 	 	 	(1	)	 	 	3	 	 	 	4	 	 	 	11	 	 	 	3	 	 	 	89	 	
Expenses related to reorganization, net of taxes	 	 	—  	 	 	 	6	 	 	 	—  	 	 	 	3	 	 	 	3	 	 	 	12	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	4	 	 	 	9	 	 	 	—  	 	 	 	4	 	 	 	25	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	8	 	 	$	(310	)	 	$	15	 	 	$	49	 	 	$	49	 	 	$	(189	)	 	$	67	 	 	$	40	 	 	$	(8	)	 	$	25	 	 	$	124	 	 	$	(114	)	 	$	(28	)	 	$	(207	)	

Effective tax rate (operating income (loss)) (2)	 	 	38.4	%	 	 	12.6	%	 	 	41.2	%	 	 	35.5	%	 	 	36.2	%	 	 	-15.8	%	 	 	31.9	%	 	 	17.1	%	 	 	40.7	%	 	 	18.9	%	 	 	24.3	%	 	 	40.1	%	 	 	58.1	%	 	 	19.2	%	

(1)	Includes inter-segment eliminations.	

(2)	The operating income (loss) effective tax rate for all pages in this financial supplement are calculated using whole dollars. As a result, the percentages shown may differ from an operating income (loss) effective tax rate calculated using the rounded numbers in this financial supplement.	
 
17

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment
(amounts in millions)

   	 	Retirement and Protection	 	 	International	 	 	U.S.
Mortgage
Insurance	 	 	Corporate
and
Other (1)	 	 	Total	 	
Three Months Ended December 31, 2007	 	Wealth
Management	 	 	Retirement
Income	 	 	Institutional	 	 	Life
Insurance	 	 	Long-Term
Care
Insurance	 	 	Total	 	 	Mortgage
Insurance—
Canada	 	 	Mortgage
Insurance—
Australia	 	 	Other
Mortgage
Insurance	 	 	Lifestyle
Protection	 	 	Total	 	 			 			 			
REVENUES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Premiums	 	$	—  	 	 	$	135	 	 	$	—  	 	 	$	231	 	 	$	506	 	 	$	872	 	 	$	142	 	 	$	71	 	 	$	63	 	 	$	347	 	 	$	623	 	 	$	171	 	 	$	4	 	 	$	1,670	 	
Net investment income	 	 	2	 	 	 	304	 	 	 	167	 	 	 	171	 	 	 	212	 	 	 	856	 	 	 	49	 	 	 	33	 	 	 	9	 	 	 	47	 	 	 	138	 	 	 	36	 	 	 	23	 	 	 	1,053	 	
Net investment gains (losses)	 	 	—  	 	 	 	(55	)	 	 	(128	)	 	 	(29	)	 	 	(2	)	 	 	(214	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2	)	 	 	(2	)	 	 	5	 	 	 	(3	)	 	 	(214	)	
Insurance and investment product fees and other	 	 	88	 	 	 	55	 	 	 	—  	 	 	 	100	 	 	 	6	 	 	 	249	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	6	 	 	 	8	 	 	 	12	 	 	 	(3	)	 	 	266	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	90	 	 	 	439	 	 	 	39	 	 	 	473	 	 	 	722	 	 	 	1,763	 	 	 	192	 	 	 	104	 	 	 	73	 	 	 	398	 	 	 	767	 	 	 	224	 	 	 	21	 	 	 	2,775	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Benefits and other changes in policy reserves	 	 	—  	 	 	 	218	 	 	 	—  	 	 	 	202	 	 	 	509	 	 	 	929	 	 	 	26	 	 	 	33	 	 	 	21	 	 	 	60	 	 	 	140	 	 	 	186	 	 	 	—  	 	 	 	1,255	 	
Interest credited	 	 	—  	 	 	 	130	 	 	 	149	 	 	 	61	 	 	 	45	 	 	 	385	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	385	 	
Acquisition and operating expenses, net of deferrals	 	 	70	 	 	 	37	 	 	 	2	 	 	 	35	 	 	 	89	 	 	 	233	 	 	 	25	 	 	 	15	 	 	 	27	 	 	 	199	 	 	 	266	 	 	 	35	 	 	 	17	 	 	 	551	 	
Amortization of deferred acquisition costs and intangibles	 	 	1	 	 	 	44	 	 	 	1	 	 	 	35	 	 	 	24	 	 	 	105	 	 	 	6	 	 	 	4	 	 	 	2	 	 	 	84	 	 	 	96	 	 	 	7	 	 	 	1	 	 	 	209	 	
Interest expense	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	56	 	 	 	1	 	 	 	58	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	7	 	 	 	8	 	 	 	—  	 	 	 	60	 	 	 	126	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	71	 	 	 	430	 	 	 	152	 	 	 	389	 	 	 	668	 	 	 	1,710	 	 	 	58	 	 	 	52	 	 	 	50	 	 	 	350	 	 	 	510	 	 	 	228	 	 	 	78	 	 	 	2,526	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	19	 	 	 	9	 	 	 	(113	)	 	 	84	 	 	 	54	 	 	 	53	 	 	 	134	 	 	 	52	 	 	 	23	 	 	 	48	 	 	 	257	 	 	 	(4	)	 	 	(57	)	 	 	249	 	
Provision (benefit) for income taxes	 	 	7	 	 	 	(2	)	 	 	(40	)	 	 	29	 	 	 	20	 	 	 	14	 	 	 	46	 	 	 	12	 	 	 	7	 	 	 	13	 	 	 	78	 	 	 	(4	)	 	 	(19	)	 	 	69	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	12	 	 	 	11	 	 	 	(73	)	 	 	55	 	 	 	34	 	 	 	39	 	 	 	88	 	 	 	40	 	 	 	16	 	 	 	35	 	 	 	179	 	 	 	—  	 	 	 	(38	)	 	 	180	 	
														 	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Net investment (gains) losses, net of taxes and other adjustments	 	 	—  	 	 	 	30	 	 	 	82	 	 	 	21	 	 	 	2	 	 	 	135	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	(3	)	 	 	1	 	 	 	134	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	12	 	 	$	41	 	 	$	9	 	 	$	76	 	 	$	36	 	 	$	174	 	 	$	88	 	 	$	40	 	 	$	16	 	 	$	36	 	 	$	180	 	 	$	(3	)	 	$	(37	)	 	$	314	 	

Effective tax rate (operating income (loss))	 	 	37.5	%	 	 	26.4	%	 	 	31.3	%	 	 	33.7	%	 	 	36.5	%	 	 	32.9	%	 	 	34.4	%	 	 	23.8	%	 	 	30.7	%	 	 	27.8	%	 	 	30.7	%	 	 	65.2	%	 	 	29.9	%	 	 	31.3	%	

(1)	Includes inter-segment eliminations.	
 
18

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment
(amounts in millions)

   	 	Retirement and Protection	 	 	International	 	 	U.S.
Mortgage
Insurance	 	 	Corporate
and
Other (1)	 	 	   	 	
Twelve Months Ended December 31, 2008	 	Wealth
Management	 	 	Retirement
Income	 	 	Institutional	 	 	Life
Insurance	 	 	Long-Term
Care
Insurance	 	 	Total	 	 	Mortgage
Insurance—
Canada	 	 	Mortgage
Insurance—
Australia	 	 	Other
Mortgage
Insurance	 	 	Lifestyle
Protection	 	 	Total	 	 			 			 	Total	 	
REVENUES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Premiums	 	$	—  	 	 	$	564	 	 	$	—  	 	 	$	968	 	 	$	2,127	 	 	$	3,659	 	 	$	534	 	 	$	321	 	 	$	120	 	 	$	1,382	 	 	$	2,357	 	 	$	740	 	 	$	21	 	 	$	6,777	 	
Net investment income	 	 	2	 	 	 	1,152	 	 	 	383	 	 	 	584	 	 	 	879	 	 	 	3,000	 	 	 	192	 	 	 	139	 	 	 	35	 	 	 	183	 	 	 	549	 	 	 	142	 	 	 	39	 	 	 	3,730	 	
Net investment gains (losses)	 	 	(2	)	 	 	(776	)	 	 	(837	)	 	 	(473	)	 	 	540	 	 	 	(1,548	)	 	 	18	 	 	 	(6	)	 	 	(4	)	 	 	(32	)	 	 	(24	)	 	 	(58	)	 	 	(79	)	 	 	(1,709	)	
Insurance and investment product fees and other	 	 	330	 	 	 	208	 	 	 	121	 	 	 	376	 	 	 	24	 	 	 	1,059	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	24	 	 	 	25	 	 	 	27	 	 	 	39	 	 	 	1,150	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	330	 	 	 	1,148	 	 	 	(333	)	 	 	1,455	 	 	 	3,570	 	 	 	6,170	 	 	 	745	 	 	 	454	 	 	 	151	 	 	 	1,557	 	 	 	2,907	 	 	 	851	 	 	 	20	 	 	 	9,948	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Benefits and other changes in policy reserves	 	 	—  	 	 	 	952	 	 	 	—  	 	 	 	851	 	 	 	2,134	 	 	 	3,937	 	 	 	138	 	 	 	142	 	 	 	100	 	 	 	266	 	 	 	646	 	 	 	1,221	 	 	 	2	 	 	 	5,806	 	
Interest credited	 	 	—  	 	 	 	515	 	 	 	355	 	 	 	244	 	 	 	179	 	 	 	1,293	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1,293	 	
Acquisition and operating expenses, net of deferrals	 	 	260	 	 	 	170	 	 	 	7	 	 	 	149	 	 	 	351	 	 	 	937	 	 	 	90	 	 	 	63	 	 	 	71	 	 	 	807	 	 	 	1,031	 	 	 	138	 	 	 	54	 	 	 	2,160	 	
Amortization of deferred acquisition costs and intangibles	 	 	3	 	 	 	413	 	 	 	17	 	 	 	136	 	 	 	121	 	 	 	690	 	 	 	32	 	 	 	24	 	 	 	11	 	 	 	292	 	 	 	359	 	 	 	102	 	 	 	10	 	 	 	1,161	 	
Interest expense	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	169	 	 	 	—  	 	 	 	172	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	37	 	 	 	40	 	 	 	—  	 	 	 	258	 	 	 	470	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	263	 	 	 	2,053	 	 	 	379	 	 	 	1,549	 	 	 	2,785	 	 	 	7,029	 	 	 	263	 	 	 	229	 	 	 	182	 	 	 	1,402	 	 	 	2,076	 	 	 	1,461	 	 	 	324	 	 	 	10,890	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	67	 	 	 	(905	)	 	 	(712	)	 	 	(94	)	 	 	785	 	 	 	(859	)	 	 	482	 	 	 	225	 	 	 	(31	)	 	 	155	 	 	 	831	 	 	 	(610	)	 	 	(304	)	 	 	(942	)	
Provision (benefit) for income taxes	 	 	25	 	 	 	(244	)	 	 	(248	)	 	 	(48	)	 	 	276	 	 	 	(239	)	 	 	166	 	 	 	45	 	 	 	(16	)	 	 	28	 	 	 	223	 	 	 	(242	)	 	 	(112	)	 	 	(370	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	42	 	 	 	(661	)	 	 	(464	)	 	 	(46	)	 	 	509	 	 	 	(620	)	 	 	316	 	 	 	180	 	 	 	(15	)	 	 	127	 	 	 	608	 	 	 	(368	)	 	 	(192	)	 	 	(572	)	
														 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Net investment (gains) losses, net of taxes and other adjustments	 	 	1	 	 	 	409	 	 	 	544	 	 	 	307	 	 	 	(352	)	 	 	909	 	 	 	(12	)	 	 	4	 	 	 	3	 	 	 	21	 	 	 	16	 	 	 	38	 	 	 	53	 	 	 	1,016	 	
Expenses related to reorganization, net of taxes	 	 	—  	 	 	 	6	 	 	 	—  	 	 	 	3	 	 	 	3	 	 	 	12	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	4	 	 	 	9	 	 	 	—  	 	 	 	4	 	 	 	25	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	43	 	 	$	(246	)	 	$	80	 	 	$	264	 	 	$	160	 	 	$	301	 	 	$	305	 	 	$	185	 	 	$	(9	)	 	$	152	 	 	$	633	 	 	$	(330	)	 	$	(135	)	 	$	469	 	

Effective tax rate (operating income (loss))	 	 	37.2	%	 	 	7.7	%	 	 	35.8	%	 	 	31.1	%	 	 	35.6	%	 	 	46.0	%	 	 	34.4	%	 	 	20.2	%	 	 	56.8	%	 	 	21.2	%	 	 	27.1	%	 	 	40.1	%	 	 	37.7	%	 	 	28.7	%	

(1)	Includes inter-segment eliminations.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment
(amounts in millions)

 	 	Retirement and Protection	 	 	International	 	 	U.S.
Mortgage
Insurance	 	 	Corporate
and
Other (1)	 	 	   	 	
Twelve Months Ended December 31, 2007	 	Wealth
Management	 	 	Retirement
Income	 	 	Institutional	 	 	Life
Insurance	 	 	Long-Term
Care
Insurance	 	 	Total	 	 	Mortgage
Insurance—
Canada	 	 	Mortgage
Insurance—
Australia	 	 	Other
Mortgage
Insurance	 	 	Lifestyle
Protection	 	 	Total	 	 			 			 	Total	 	
REVENUES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Premiums	 	$	—  	 	 	$	558	 	 	$	—  	 	 	$	940	 	 	$	1,996	 	 	$	3,494	 	 	$	427	 	 	$	284	 	 	$	141	 	 	$	1,345	 	 	$	2,197	 	 	$	615	 	 	$	24	 	 	$	6,330	 	
Net investment income	 	 	6	 	 	 	1,266	 	 	 	675	 	 	 	675	 	 	 	831	 	 	 	3,453	 	 	 	161	 	 	 	116	 	 	 	30	 	 	 	163	 	 	 	470	 	 	 	147	 	 	 	65	 	 	 	4,135	 	
Net investment gains (losses)	 	 	—  	 	 	 	(110	)	 	 	(159	)	 	 	(32	)	 	 	(15	)	 	 	(316	)	 	 	(2	)	 	 	1	 	 	 	(1	)	 	 	(5	)	 	 	(7	)	 	 	6	 	 	 	(15	)	 	 	(332	)	
Insurance and investment product fees and other	 	 	330	 	 	 	198	 	 	 	—  	 	 	 	376	 	 	 	24	 	 	 	928	 	 	 	1	 	 	 	1	 	 	 	2	 	 	 	25	 	 	 	29	 	 	 	37	 	 	 	(2	)	 	 	992	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	336	 	 	 	1,912	 	 	 	516	 	 	 	1,959	 	 	 	2,836	 	 	 	7,559	 	 	 	587	 	 	 	402	 	 	 	172	 	 	 	1,528	 	 	 	2,689	 	 	 	805	 	 	 	72	 	 	 	11,125	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Benefits and other changes in policy reserves	 	 	—  	 	 	 	869	 	 	 	—  	 	 	 	804	 	 	 	2,000	 	 	 	3,673	 	 	 	75	 	 	 	134	 	 	 	47	 	 	 	229	 	 	 	485	 	 	 	421	 	 	 	1	 	 	 	4,580	 	
Interest credited	 	 	—  	 	 	 	551	 	 	 	596	 	 	 	243	 	 	 	162	 	 	 	1,552	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1,552	 	
Acquisition and operating expenses, net of deferrals	 	 	264	 	 	 	140	 	 	 	10	 	 	 	129	 	 	 	344	 	 	 	887	 	 	 	84	 	 	 	54	 	 	 	81	 	 	 	781	 	 	 	1,000	 	 	 	131	 	 	 	57	 	 	 	2,075	 	
Amortization of deferred acquisition costs and intangibles	 	 	2	 	 	 	174	 	 	 	2	 	 	 	130	 	 	 	109	 	 	 	417	 	 	 	19	 	 	 	19	 	 	 	6	 	 	 	319	 	 	 	363	 	 	 	33	 	 	 	18	 	 	 	831	 	
Interest expense	 	 	—  	 	 	 	5	 	 	 	—  	 	 	 	205	 	 	 	1	 	 	 	211	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	25	 	 	 	28	 	 	 	—  	 	 	 	242	 	 	 	481	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	266	 	 	 	1,739	 	 	 	608	 	 	 	1,511	 	 	 	2,616	 	 	 	6,740	 	 	 	181	 	 	 	207	 	 	 	134	 	 	 	1,354	 	 	 	1,876	 	 	 	585	 	 	 	318	 	 	 	9,519	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	70	 	 	 	173	 	 	 	(92	)	 	 	448	 	 	 	220	 	 	 	819	 	 	 	406	 	 	 	195	 	 	 	38	 	 	 	174	 	 	 	813	 	 	 	220	 	 	 	(246	)	 	 	1,606	 	
Provision (benefit) for income taxes	 	 	26	 	 	 	22	 	 	 	(33	)	 	 	161	 	 	 	78	 	 	 	254	 	 	 	137	 	 	 	39	 	 	 	10	 	 	 	47	 	 	 	233	 	 	 	49	 	 	 	(84	)	 	 	452	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	44	 	 	 	151	 	 	 	(59	)	 	 	287	 	 	 	142	 	 	 	565	 	 	 	269	 	 	 	156	 	 	 	28	 	 	 	127	 	 	 	580	 	 	 	171	 	 	 	(162	)	 	 	1,154	 	
														 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Net investment (gains) losses, net of taxes and other adjustments	 	 	—  	 	 	 	61	 	 	 	102	 	 	 	23	 	 	 	11	 	 	 	197	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	3	 	 	 	5	 	 	 	(4	)	 	 	7	 	 	 	205	 	
Expenses related to reorganization, net of taxes	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	14	 	 	 	14	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	44	 	 	$	212	 	 	$	43	 	 	$	310	 	 	$	153	 	 	$	762	 	 	$	270	 	 	$	156	 	 	$	29	 	 	$	130	 	 	$	585	 	 	$	167	 	 	$	(141	)	 	$	1,373	 	

Effective tax rate (operating income (loss))	 	 	36.8	%	 	 	20.8	%	 	 	34.3	%	 	 	35.6	%	 	 	35.4	%	 	 	32.0	%	 	 	33.8	%	 	 	20.1	%	 	 	27.0	%	 	 	27.5	%	 	 	28.8	%	 	 	22.0	%	 	 	33.2	%	 	 	29.4	%	

(1)	Includes inter-segment eliminations.	
 
20

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Retirement and Protection
 
21

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Operating Income—Retirement and Protection
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	896	 	 	$	958	 	 	$	885	 	 	$	920	 	 	$	3,659	 	 	$	872	 	 	$	861	 	 	$	887	 	 	$	874	 	 	$	3,494	 	
Net investment income	  	 	708	 	 	 	730	 	 	 	755	 	 	 	807	 	 	 	3,000	 	 	 	856	 	 	 	893	 	 	 	860	 	 	 	844	 	 	 	3,453	 	
Net investment gains (losses)	  	 	(125	)  	 	 	(702	)	 	 	(511	)	 	 	(210	)	 	 	(1,548	)	 	 	(214	)	 	 	(38	)	 	 	(45	)	 	 	(19	)	 	 	(316	)	
Insurance and investment product fees and other	  	 	264	 	 	 	322	 	 	 	234	 	 	 	239	 	 	 	1,059	 	 	 	249	 	 	 	233	 	 	 	227	 	 	 	219	 	 	 	928	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,743	 	 	 	1,308	 	 	 	1,363	 	 	 	1,756	 	 	 	6,170	 	 	 	1,763	 	 	 	1,949	 	 	 	1,929	 	 	 	1,918	 	 	 	7,559	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	980	 	 	 	1,048	 	 	 	930	 	 	 	979	 	 	 	3,937	 	 	 	929	 	 	 	919	 	 	 	917	 	 	 	908	 	 	 	3,673	 	
Interest credited	  	 	309	 	 	 	319	 	 	 	320	 	 	 	345	 	 	 	1,293	 	 	 	385	 	 	 	391	 	 	 	391	 	 	 	385	 	 	 	1,552	 	
Acquisition and operating expenses, net of deferrals	  	 	247	 	 	 	234	 	 	 	229	 	 	 	227	 	 	 	937	 	 	 	233	 	 	 	220	 	 	 	222	 	 	 	212	 	 	 	887	 	
Amortization of deferred acquisition costs and intangibles	  	 	451	 	 	 	50	 	 	 	100	 	 	 	89	 	 	 	690	 	 	 	105	 	 	 	96	 	 	 	112	 	 	 	104	 	 	 	417	 	
Interest expense	  	 	48	 	 	 	38	 	 	 	39	 	 	 	47	 	 	 	172	 	 	 	58	 	 	 	59	 	 	 	51	 	 	 	43	 	 	 	211	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,035	 	 	 	1,689	 	 	 	1,618	 	 	 	1,687	 	 	 	7,029	 	 	 	1,710	 	 	 	1,685	 	 	 	1,693	 	 	 	1,652	 	 	 	6,740	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(292	)	 	 	(381	)	 	 	(255	)	 	 	69	 	 	 	(859	)	 	 	53	 	 	 	264	 	 	 	236	 	 	 	266	 	 	 	819	 	
Provision (benefit) for income taxes	  	 	(20	)	 	 	(156	)	 	 	(88	)	 	 	25	 	 	 	(239	)	 	 	14	 	 	 	64	 	 	 	83	 	 	 	93	 	 	 	254	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(272	)	 	 	(225	)	 	 	(167	)	 	 	44	 	 	 	(620	)	 	 	39	 	 	 	200	 	 	 	153	 	 	 	173	 	 	 	565	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	71	 	 	 	403	 	 	 	317	 	 	 	118	 	 	 	909	 	 	 	135	 	 	 	23	 	 	 	27	 	 	 	12	 	 	 	197	 	
Expenses related to reorganization, net of taxes	  	 	12	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	12	 	 				 				 				 				 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(189	)	 	$	178	 	 	$	150	 	 	$	162	 	 	$	301	 	 	$	174	 	 	$	223	 	 	$	180	 	 	$	185	 	 	$	762	 	

Effective tax rate (operating income (loss))	  	 	-15.8	%	 	 	25.6	%	 	 	35.6	%	 	 	35.1	%	 	 	46.0	%	 	 	32.9	%	 	 	25.7	%	 	 	35.0	%	 	 	35.0	%	 	 	32.0	%	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income, Sales and Assets Under Management—Wealth Management
(amounts in millions)
																																									
 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	
Net investment income	  	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	2	 	 	 	2	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	6	 	
Net investment gains (losses)	  	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Insurance and investment product fees and other	  	 	73	 	 	 	86	 	 	 	85	 	 	 	86	 	 	 	330	 	 	 	88	 	 	 	86	 	 	 	81	 	 	 	75	 	 	 	330	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	71	 	 	 	86	 	 	 	86	 	 	 	87	 	 	 	330	 	 	 	90	 	 	 	88	 	 	 	82	 	 	 	76	 	 	 	336	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Interest credited	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Acquisition and operating expenses, net of deferrals	  	 	59	 	 	 	67	 	 	 	67	 	 	 	67	 	 	 	260	 	 	 	70	 	 	 	69	 	 	 	65	 	 	 	60	 	 	 	264	 	
Amortization of deferred acquisition costs and intangibles	  	 	—  	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	2	 	
Interest expense	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	59	 	 	 	68	 	 	 	68	 	 	 	68	 	 	 	263	 	 	 	71	 	 	 	70	 	 	 	65	 	 	 	60	 	 	 	266	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	12	 	 	 	18	 	 	 	18	 	 	 	19	 	 	 	67	 	 	 	19	 	 	 	18	 	 	 	17	 	 	 	16	 	 	 	70	 	
Provision for income taxes	  	 	5	 	 	 	6	 	 	 	7	 	 	 	7	 	 	 	25	 	 	 	7	 	 	 	7	 	 	 	6	 	 	 	6	 	 	 	26	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
I NCOME FROM CONTINUING OPERATIONS	  	 	7	 	 	 	12	 	 	 	11	 	 	 	12	 	 	 	42	 	 	 	12	 	 	 	11	 	 	 	11	 	 	 	10	 	 	 	44	 	
	 										
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	8	 	 	$	12	 	 	$	11	 	 	$	12	 	 	$	43	 	 	$	12	 	 	$	11	 	 	$	11	 	 	$	10	 	 	$	44	 	

Effective tax rate (operating income)	  	 	38.4	%	 	 	37.1	%	 	 	36.8	%	 	 	36.8	%	 	 	37.2	%	 	 	37.5	%	 	 	36.6	%	 	 	36.6	%	 	 	36.4	%	 	 	36.8	%	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
Sales by Distribution Channel:	  	 	 	 	 				 				 				 				 				 				 				 				 				
Independent Producers	  	$	878	 	 	$	1,058	 	 	$	1,229	 	 	$	1,105	 	 	$	4,270	 	 	$	1,217	 	 	$	1,382	 	 	$	1,427	 	 	$	1,400	 	 	$	5,426	 	
Dedicated Sales Specialists	  	 	99	 	 	 	172	 	 	 	176	 	 	 	175	 	 	 	622	 	 	 	257	 	 	 	283	 	 	 	332	 	 	 	312	 	 	 	1,184	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	977	 	 	$	1,230	 	 	$	1,405	 	 	$	1,280	 	 	$	4,892	 	 	$	1,474	 	 	$	1,665	 	 	$	1,759	 	 	$	1,712	 	 	$	6,610	 	

ASSETS UNDER MANAGEMENT:	  				 				 				 				 				 				 				 				 				 				
Beginning of period	  	$	18,671	 	 	$	20,285	 	 	$	20,461	 	 	$	21,584	 	 	$	21,584	 	 	$	21,662	 	 	$	20,683	 	 	$	18,806	 	 	$	17,293	 	 	$	17,293	 	
Gross flows	  	 	977	 	 	 	1,230	 	 	 	1,405	 	 	 	1,280	 	 	 	4,892	 	 	 	1,474	 	 	 	1,665	 	 	 	1,759	 	 	 	1,712	 	 	 	6,610	 	
Redemptions	  	 	(1,447	)	 	 	(1,047	)	 	 	(1,044	)	 	 	(1,080	)	 	 	(4,618	)	 	 	(797	)	 	 	(567	)	 	 	(494	)	 	 	(431	)	 	 	(2,289	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(470	)	 	 	183	 	 	 	361	 	 	 	200	 	 	 	274	 	 	 	677	 	 	 	1,098	 	 	 	1,265	 	 	 	1,281	 	 	 	4,321	 	
Market performance	  	 	(2,754	)	 	 	(1,797	)	 	 	(537	)	 	 	(1,323	)	 	 	(6,411	)	 	 	(755	)	 	 	(119	)	 	 	612	 	 	 	232	 	 	 	(30	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
End of period	  	$	15,447	 	 	$	18,671	 	 	$	20,285	 	 	$	20,461	 	 	$	15,447	 	 	$	21,584	 	 	$	21,662	 	 	$	20,683	 	 	$	18,806	 	 	$	21,584	 	

 
Wealth Management results represent Genworth Financial Wealth Management, Inc., Genworth Financial Advisors Corporation, Genworth Financial Trust Company and Capital Brokerage Corporation. On August 1, 2008, Genworth Financial Asset Management, Inc. merged into AssetMark Investment Services, Inc. with AssetMark Investment Services, Inc. being the surviving entity. AssetMark Investment Services, Inc. subsequently changed its name to Genworth Financial Wealth Management, Inc. on August 1, 2008.
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss)—Retirement Income
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	105	 	 	$	181	 	 	$	111	 	 	$	167	 	 	$	564	 	 	$	135	 	 	$	118	 	 	$	151	 	 	$	154	 	 	$	558	 	
Net investment income	  	 	279	 	 	 	280	 	 	 	291	 	 	 	302	 	 	 	1,152	 	 	 	304	 	 	 	323	 	 	 	315	 	 	 	324	 	 	 	1,266	 	
Net investment gains (losses)	  	 	(253	)	 	 	(325	)	 	 	(105	)	 	 	(93	)	 	 	(776	)	 	 	(55	)	 	 	(24	)	 	 	(22	)	 	 	(9	)	 	 	(110	)	
Insurance and investment product fees and other	  	 	49	 	 	 	51	 	 	 	54	 	 	 	54	 	 	 	208	 	 	 	55	 	 	 	53	 	 	 	46	 	 	 	44	 	 	 	198	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	180	 	 	 	187	 	 	 	351	 	 	 	430	 	 	 	1,148	 	 	 	439	 	 	 	470	 	 	 	490	 	 	 	513	 	 	 	1,912	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	231	 	 	 	278	 	 	 	191	 	 	 	252	 	 	 	952	 	 	 	218	 	 	 	198	 	 	 	221	 	 	 	232	 	 	 	869	 	
Interest credited	  	 	128	 	 	 	130	 	 	 	129	 	 	 	128	 	 	 	515	 	 	 	130	 	 	 	134	 	 	 	142	 	 	 	145	 	 	 	551	 	
Acquisition and operating expenses, net of deferrals	  	 	51	 	 	 	39	 	 	 	42	 	 	 	38	 	 	 	170	 	 	 	37	 	 	 	32	 	 	 	37	 	 	 	34	 	 	 	140	 	
Amortization of deferred acquisition costs and intangibles	  	 	374	 	 	 	(12	)	 	 	28	 	 	 	23	 	 	 	413	 	 	 	44	 	 	 	44	 	 	 	41	 	 	 	45	 	 	 	174	 	
Interest expense	  	 	—  	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	5	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	784	 	 	 	436	 	 	 	391	 	 	 	442	 	 	 	2,053	 	 	 	430	 	 	 	410	 	 	 	442	 	 	 	457	 	 	 	1,739	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(604	)	 	 	(249	)	 	 	(40	)	 	 	(12	)	 	 	(905	)	 	 	9	 	 	 	60	 	 	 	48	 	 	 	56	 	 	 	173	 	
Provision (benefit) for income taxes	  	 	(132	)	 	 	(106	)	 	 	—  	 	 	 	(6	)	 	 	(244	)	 	 	(2	)	 	 	(8	)	 	 	16	 	 	 	16	 	 	 	22	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(472	)	 	 	(143	)	 	 	(40	)	 	 	(6	)	 	 	(661	)	 	 	11	 	 	 	68	 	 	 	32	 	 	 	40	 	 	 	151	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	156	 	 	 	158	 	 	 	53	 	 	 	42	 	 	 	409	 	 	 	30	 	 	 	14	 	 	 	11	 	 	 	6	 	 	 	61	 	
Expenses related to reorganization, net of taxes	  	 	6	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	6	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(310	)	 	$	15	 	 	$	13	 	 	$	36	 	 	$	(246	)	 	$	41	 	 	$	82	 	 	$	43	 	 	$	46	 	 	$	212	 	

Effective tax rate (operating income (loss))	  	 	12.6	%	 	 	442.3	%	 	 	70.6	%	 	 	31.4	%	 	 	7.7	%	 	 	26.4	%	 	 	-0.2	%	 	 	33.4	%	 	 	29.6	%	 	 	20.8	%	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) and Sales—Retirement Income—Fee-Based
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	
Net investment income	  	 	8	 	 	 	2	 	 	 	3	 	 	 	3	 	 	 	16	 	 	 	3	 	 	 	3	 	 	 	5	 	 	 	4	 	 	 	15	 	
Net investment gains (losses)	  	 	31	 	 	 	(82	)	 	 	7	 	 	 	(35	)	 	 	(79	)	 	 	(9	)	 	 	(9	)	 	 	1	 	 	 	—  	 	 	 	(17	)	
Insurance and investment product fees and other	  	 	42	 	 	 	48	 	 	 	51	 	 	 	51	 	 	 	192	 	 	 	51	 	 	 	48	 	 	 	41	 	 	 	38	 	 	 	178	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	81	 	 	 	(32	)	 	 	61	 	 	 	19	 	 	 	129	 	 	 	45	 	 	 	42	 	 	 	47	 	 	 	42	 	 	 	176	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	36	 	 	 	11	 	 	 	8	 	 	 	5	 	 	 	60	 	 	 	4	 	 	 	4	 	 	 	(1	)	 	 	4	 	 	 	11	 	
Interest credited	  	 	3	 	 	 	4	 	 	 	3	 	 	 	4	 	 	 	14	 	 	 	4	 	 	 	3	 	 	 	4	 	 	 	4	 	 	 	15	 	
Acquisition and operating expenses, net of deferrals	  	 	25	 	 	 	14	 	 	 	16	 	 	 	13	 	 	 	68	 	 	 	13	 	 	 	10	 	 	 	12	 	 	 	10	 	 	 	45	 	
Amortization of deferred acquisition costs and intangibles	  	 	181	 	 	 	(18	)	 	 	18	 	 	 	4	 	 	 	185	 	 	 	14	 	 	 	10	 	 	 	7	 	 	 	7	 	 	 	38	 	
Interest expense	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	245	 	 	 	11	 	 	 	45	 	 	 	26	 	 	 	327	 	 	 	35	 	 	 	27	 	 	 	22	 	 	 	25	 	 	 	109	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(164	)	 	 	(43	)	 	 	16	 	 	 	(7	)	 	 	(198	)	 	 	10	 	 	 	15	 	 	 	25	 	 	 	17	 	 	 	67	 	
Provision (benefit) for income taxes	  	 	(44	)	 	 	(19	)	 	 	8	 	 	 	(4	)	 	 	(59	)	 	 	(1	)	 	 	(19	)	 	 	7	 	 	 	2	 	 	 	(11	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(120	)	 	 	(24	)	 	 	8	 	 	 	(3	)	 	 	(139	)	 	 	11	 	 	 	34	 	 	 	18	 	 	 	15	 	 	 	78	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	8	 	 	 	23	 	 	 	(2	)	 	 	13	 	 	 	42	 	 	 	6	 	 	 	6	 	 	 	(1	)	 	 	—  	 	 	 	11	 	
Expenses related to reorganization, net of taxes	  	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(109	)	 	$	(1	)	 	$	6	 	 	$	10	 	 	$	(94	)	 	$	17	 	 	$	40	 	 	$	17	 	 	$	15	 	 	$	89	 	

Effective tax rate (operating income (loss))	  	 	25.7	%	 	 	86.9	%	 	 	56.4	%	 	 	21.9	%	 	 	27.1	%	 	 	12.1	%	 	 	-65.7	%	 	 	28.7	%	 	 	10.9	%	 	 	-5.5	%	
SALES:	  				 				 				 				 				 				 				 				 				 				
Sales by Product:	  				 				 				 				 				 				 				 				 				 				
Income Distribution Series (1)	  	$	270	 	 	$	499	 	 	$	585	 	 	$	586	 	 	$	1,940	 	 	$	606	 	 	$	528	 	 	$	472	 	 	$	409	 	 	$	2,015	 	
Traditional Variable Annuities (2)	  	 	41	 	 	 	97	 	 	 	118	 	 	 	113	 	 	 	369	 	 	 	151	 	 	 	136	 	 	 	153	 	 	 	134	 	 	 	574	 	
Variable Life	  	 	—  	 	 	 	—  	 	 	 	2	 	 	 	1	 	 	 	3	 	 	 	3	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	8	 	
Total Sales	  			 	 				 				 				 				 				 				 				 				 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	  	$	311	 	 	$	596	 	 	$	705	 	 	$	700	 	 	$	2,312	 	 	$	760	 	 	$	665	 	 	$	628	 	 	$	544	 	 	$	2,597	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Sales by Distribution Channel:	  			 	 				 				 				 				 				 				 				 				 				
Financial Intermediaries	  	$	278	 	 	$	545	 	 	$	662	 	 	$	660	 	 	$	2,145	 	 	$	716	 	 	$	609	 	 	$	592	 	 	$	513	 	 	$	2,430	 	
Independent Producers	  	 	8	 	 	 	17	 	 	 	15	 	 	 	12	 	 	 	52	 	 	 	10	 	 	 	20	 	 	 	13	 	 	 	12	 	 	 	55	 	
Dedicated Sales Specialists	  	 	25	 	 	 	34	 	 	 	28	 	 	 	28	 	 	 	115	 	 	 	34	 	 	 	36	 	 	 	23	 	 	 	19	 	 	 	112	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	311	 	 	$	596	 	 	$	705	 	 	$	700	 	 	$	2,312	 	 	$	760	 	 	$	665	 	 	$	628	 	 	$	544	 	 	$	2,597	 	

 

(1)	The Income Distribution Series products are comprised of our retirement income deferred and immediate variable annuity products, including those variable annuity products with rider options that provide similar income features. These products do not include fixed single premium immediate or deferred annuities, which may also serve income distribution needs.	

(2)	Our Traditional Variable Annuities include products that provide the potential for tax deferred growth on the policyholder’s premium. These products do not provide the opportunity for a living benefit through guaranteed minimum withdrawal benefits; however, similar to the Income Distribution Series products, they do provide a variety of guaranteed minimum death benefit options.	
 
25

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Selected Operating Performance Measures—Retirement Income—Fee-Based
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Income Distribution Series (1) 	  			 	 				 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	$	5,372	 	 	$	5,308	 	 	$	4,877	 	 	$	4,535	 	 	$	4,535	 	 	$	3,978	 	 	$	3,361	 	 	$	2,813	 	 	$	2,402	 	 	$	2,402	 	
Deposits	  	 	287	 	 	 	506	 	 	 	596	 	 	 	595	 	 	 	1,984	 	 	 	625	 	 	 	543	 	 	 	482	 	 	 	421	 	 	 	2,071	 	
Surrenders, benefits and product charges	  	 	(135	)	 	 	(115	)	 	 	(112	)	 	 	(105	)	 	 	(467	)	 	 	(98	)	 	 	(78	)	 	 	(66	)	 	 	(60	)	 	 	(302	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	152	 	 	 	391	 	 	 	484	 	 	 	490	 	 	 	1,517	 	 	 	527	 	 	 	465	 	 	 	416	 	 	 	361	 	 	 	1,769	 	
Interest credited and investment performance	  	 	(290	)  	 	 	(327	)	 	 	(53	)	 	 	(148	)	 	 	(818	)	 	 	30	 	 	 	152	 	 	 	132	 	 	 	50	 	 	 	364	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	5,234	 	 	 	5,372	 	 	 	5,308	 	 	 	4,877	 	 	 	5,234	 	 	 	4,535	 	 	 	3,978	 	 	 	3,361	 	 	 	2,813	 	 	 	4,535	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Traditional Variable Annuities (2) 	  			 	 				 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	 	2,014	 	 	 	2,278	 	 	 	2,241	 	 	 	2,345	 	 	 	2,345	 	 	 	2,262	 	 	 	2,098	 	 	 	1,905	 	 	 	1,780	 	 	 	1,780	 	
Deposits	  	 	40	 	 	 	92	 	 	 	105	 	 	 	108	 	 	 	345	 	 	 	148	 	 	 	133	 	 	 	149	 	 	 	130	 	 	 	560	 	
Surrenders, benefits and product charges	  	 	(71	)	 	 	(66	)	 	 	(63	)	 	 	(59	)	 	 	(259	)	 	 	(50	)	 	 	(48	)	 	 	(56	)	 	 	(41	)	 	 	(195	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(31	)	 	 	26	 	 	 	42	 	 	 	49	 	 	 	86	 	 	 	98	 	 	 	85	 	 	 	93	 	 	 	89	 	 	 	365	 	
Interest credited and investment performance	  	 	(227	)	 	 	(290	)	 	 	(5	)	 	 	(153	)	 	 	(675	)	 	 	(15	)	 	 	79	 	 	 	100	 	 	 	36	 	 	 	200	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	1,756	 	 	 	2,014	 	 	 	2,278	 	 	 	2,241	 	 	 	1,756	 	 	 	2,345	 	 	 	2,262	 	 	 	2,098	 	 	 	1,905	 	 	 	2,345	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Variable Life Insurance	  			 	 				 				 				 				 				 				 				 				 				
Account value, beginning of the period	  	 	324	 	 	 	373	 	 	 	371	 	 	 	403	 	 	 	403	 	 	 	414	 	 	 	408	 	 	 	396	 	 	 	391	 	 	 	391	 	
Deposits	  	 	3	 	 	 	4	 	 	 	5	 	 	 	5	 	 	 	17	 	 	 	6	 	 	 	6	 	 	 	7	 	 	 	5	 	 	 	24	 	
Surrenders, benefits and product charges	  	 	(8	)	 	 	(15	)	 	 	(10	)	 	 	(10	)	 	 	(43	)	 	 	(13	)	 	 	(15	)	 	 	(14	)	 	 	(12	)	 	 	(54	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(5	)	 	 	(11	)	 	 	(5	)	 	 	(5	)	 	 	(26	)	 	 	(7	)	 	 	(9	)	 	 	(7	)	 	 	(7	)	 	 	(30	)	
Interest credited and investment performance	  	 	(53	)	 	 	(38	)	 	 	7	 	 	 	(27	)	 	 	(111	)	 	 	(4	)	 	 	15	 	 	 	19	 	 	 	12	 	 	 	42	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of period	  	 	266	 	 	 	324	 	 	 	373	 	 	 	371	 	 	 	266	 	 	 	403	 	 	 	414	 	 	 	408	 	 	 	396	 	 	 	403	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Retirement Income—Fee-Based	  	$	7,256	 	 	$	7,710	 	 	$	7,959	 	 	$	7,489	 	 	$	7,256	 	 	$	7,283	 	 	$	6,654	 	 	$	5,867	 	 	$	5,114	 	 	$	7,283	 	

 

(1)	The Income Distribution Series products are comprised of our retirement income deferred and immediate variable annuity products, including those variable annuity products with rider options that provide similar income features. These products do not include fixed single premium immediate or deferred annuities, which may also serve income distribution needs.	
(2)	Our Traditional Variable Annuities include products that provide the potential for tax deferred growth on the policyholder's premium. These products do not provide the opportunity for a living benefit through guaranteed minimum withdrawal benefits; however, similar to the Income Distribution Series products, they do provide a variety of guaranteed minimum death benefit options.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) and Sales—Retirement Income—Spread-Based
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	105	 	  	$	181	 	 	$	111	 	 	$	167	 	 	$	564	 	 	$	135	 	 	$	118	 	 	$	151	 	 	$	154	 	 	$	558	 	
Net investment income	  	 	271	 	  	 	278	 	 	 	288	 	 	 	299	 	 	 	1,136	 	 	 	301	 	 	 	320	 	 	 	310	 	 	 	320	 	 	 	1,251	 	
Net investment gains (losses)	  	 	(284	)	  	 	(243	)	 	 	(112	)	 	 	(58	)	 	 	(697	)	 	 	(46	)	 	 	(15	)	 	 	(23	)	 	 	(9	)	 	 	(93	)	
Insurance and investment product fees and other	  	 	7	 	  	 	3	 	 	 	3	 	 	 	3	 	 	 	16	 	 	 	4	 	 	 	5	 	 	 	5	 	 	 	6	 	 	 	20	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	99	 	  	 	219	 	 	 	290	 	 	 	411	 	 	 	1,019	 	 	 	394	 	 	 	428	 	 	 	443	 	 	 	471	 	 	 	1,736	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	195	 	  	 	267	 	 	 	183	 	 	 	247	 	 	 	892	 	 	 	214	 	 	 	194	 	 	 	222	 	 	 	228	 	 	 	858	 	
Interest credited	  	 	125	 	  	 	126	 	 	 	126	 	 	 	124	 	 	 	501	 	 	 	126	 	 	 	131	 	 	 	138	 	 	 	141	 	 	 	536	 	
Acquisition and operating expenses, net of deferrals	  	 	26	 	  	 	25	 	 	 	26	 	 	 	25	 	 	 	102	 	 	 	24	 	 	 	22	 	 	 	25	 	 	 	24	 	 	 	95	 	
Amortization of deferred acquisition costs and intangibles	  	 	193	 	  	 	6	 	 	 	10	 	 	 	19	 	 	 	228	 	 	 	30	 	 	 	34	 	 	 	34	 	 	 	38	 	 	 	136	 	
Interest expense	  	 	—  	 	  	 	1	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	5	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	539	 	  	 	425	 	 	 	346	 	 	 	416	 	 	 	1,726	 	 	 	395	 	 	 	383	 	 	 	420	 	 	 	432	 	 	 	1,630	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(440	)	  	 	(206	)	 	 	(56	)	 	 	(5	)	 	 	(707	)	 	 	(1	)	 	 	45	 	 	 	23	 	 	 	39	 	 	 	106	 	
Provision (benefit) for income taxes	  	 	(88	)	  	 	(87	)	 	 	(8	)	 	 	(2	)	 	 	(185	)	 	 	(1	)	 	 	11	 	 	 	9	 	 	 	14	 	 	 	33	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(352	) 	  	 	(119	)	 	 	(48	)	 	 	(3	)	 	 	(522	)	 	 	—  	 	 	 	34	 	 	 	14	 	 	 	25	 	 	 	73	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	148	 	  	 	135	 	 	 	55	 	 	 	29	 	 	 	367	 	 	 	24	 	 	 	8	 	 	 	12	 	 	 	6	 	 	 	50	 	
Expenses related to reorganization, net of taxes	  	 	3	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(201	)	  	$	16	 	 	$	7	 	 	$	26	 	 	$	(152	)	 	$	24	 	 	$	42	 	 	$	26	 	 	$	31	 	 	$	123	 	

Effective tax rate (operating income (loss))	  	 	3.5	%	  	 	-408.1	%	 	 	76.6	%	 	 	34.7	%	 	 	-10.3	%	 	 	34.3	%	 	 	26.9	%	 	 	36.1	%	 	 	36.2	%	 	 	32.9	%	
											
SALES:	  				  				 				 				 				 				 				 				 				 				
Sales by Product:	  				  				 				 				 				 				 				 				 				 				
Structured Settlements	  	$	1	 	  	$	—  	 	 	$	—  	 	 	$	3	 	 	$	4	 	 	$	12	 	 	$	5	 	 	$	30	 	 	$	47	 	 	$	94	 	
Single Premium Immediate Annuities	  	 	161	 	  	 	259	 	 	 	150	 	 	 	240	 	 	 	810	 	 	 	189	 	 	 	208	 	 	 	218	 	 	 	200	 	 	 	815	 	
Fixed Annuities	  	 	426	 	  	 	468	 	 	 	298	 	 	 	408	 	 	 	1,600	 	 	 	185	 	 	 	145	 	 	 	106	 	 	 	167	 	 	 	603	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	588	 	  	$	727	 	 	$	448	 	 	$	651	 	 	$	2,414	 	 	$	386	 	 	$	358	 	 	$	354	 	 	$	414	 	 	$	1,512	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Sales by Distribution Channel:	  			 	  				 				 				 				 				 				 				 				 				
Financial Intermediaries	  	$	341	 	  	$	572	 	 	$	360	 	 	$	541	 	 	$	1,814	 	 	$	299	 	 	$	250	 	 	$	239	 	 	$	275	 	 	$	1,063	 	
Independent Producers	  	 	230	 	  	 	146	 	 	 	82	 	 	 	103	 	 	 	561	 	 	 	82	 	 	 	99	 	 	 	109	 	 	 	131	 	 	 	421	 	
Dedicated Sales Specialists	  	 	17	 	  	 	9	 	 	 	6	 	 	 	7	 	 	 	39	 	 	 	5	 	 	 	9	 	 	 	6	 	 	 	8	 	 	 	28	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	588	 	  	$	727	 	 	$	448	 	 	$	651	 	 	 	2,414	 	 	$	386	 	 	$	358	 	 	$	354	 	 	$	414	 	 	$	1,512	 	

PREMIUMS BY PRODUCT:	  				  				 				 				 				 				 				 				 				 				
Single Premium Immediate Annuities	  	$	105	 	  	$	181	 	 	$	111	 	 	$	165	 	 	$	562	 	 	$	124	 	 	$	114	 	 	$	124	 	 	$	111	 	 	$	473	 	
Structured Settlements	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	2	 	 	 	2	 	 	 	11	 	 	 	4	 	 	 	27	 	 	 	43	 	 	 	85	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Premiums	  	$	105	 	  	$	181	 	 	$	111	 	 	$	167	 	 	$	564	 	 	$	135	 	 	$	118	 	 	$	151	 	 	$	154	 	 	$	558	 	

 
27

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Selected Operating Performance Measures—Retirement Income—Spread-Based
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Fixed Annuities	  			 	  				 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	$	12,174	 	  	$	12,130	 	 	$	12,141	 	 	$	12,073	 	 	$	12,073	 	 	$	12,368	 	 	$	12,886	 	 	$	13,522	 	 	$	13,972	 	 	$	13,972	 	
Deposits	  	 	447	 	  	 	514	 	 	 	333	 	 	 	436	 	 	 	1,730	 	 	 	215	 	 	 	184	 	 	 	144	 	 	 	207	 	 	 	750	 	
Surrenders, benefits and product charges	  	 	(734	)	  	 	(576	)	 	 	(449	)	 	 	(474	)	 	 	(2,233	)	 	 	(618	)	 	 	(815	)	 	 	(899	)	 	 	(781	)	 	 	(3,113	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(287	)	  	 	(62	)	 	 	(116	)	 	 	(38	)	 	 	(503	)	 	 	(403	)	 	 	(631	)	 	 	(755	)	 	 	(574	)	 	 	(2,363	)	
Interest credited	  	 	109	 	  	 	106	 	 	 	105	 	 	 	106	 	 	 	426	 	 	 	108	 	 	 	113	 	 	 	119	 	 	 	124	 	 	 	464	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	11,996	 	  	 	12,174	 	 	 	12,130	 	 	 	12,141	 	 	 	11,996	 	 	 	12,073	 	 	 	12,368	 	 	 	12,886	 	 	 	13,522	 	 	 	12,073	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Single Premium Immediate Annuities	  			 	  				 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	 	6,956	 	  	 	6,781	 	 	 	6,781	 	 	 	6,668	 	 	 	6,668	 	 	 	6,458	 	 	 	6,367	 	 	 	6,261	 	 	 	6,174	 	 	 	6,174	 	
Premiums and deposits	  	 	230	 	  	 	280	 	 	 	188	 	 	 	291	 	 	 	989	 	 	 	226	 	 	 	247	 	 	 	261	 	 	 	237	 	 	 	971	 	
Surrenders, benefits and product charges	  	 	(323	)	  	 	(197	)	 	 	(278	)	 	 	(267	)	 	 	(1,065	)	 	 	(102	)	 	 	(241	)	 	 	(240	)	 	 	(234	)	 	 	(817	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(93	)	  	 	83	 	 	 	(90	)	 	 	24	 	 	 	(76	)	 	 	124	 	 	 	6	 	 	 	21	 	 	 	3	 	 	 	154	 	
Interest credited	  	 	94	 	  	 	92	 	 	 	90	 	 	 	89	 	 	 	365	 	 	 	86	 	 	 	85	 	 	 	85	 	 	 	84	 	 	 	340	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	6,957	 	  	 	6,956	 	 	 	6,781	 	 	 	6,781	 	 	 	6,957	 	 	 	6,668	 	 	 	6,458	 	 	 	6,367	 	 	 	6,261	 	 	 	6,668	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Structured Settlements	  			 	  				 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	 	1,106	 	  	 	1,107	 	 	 	1,105	 	 	 	1,103	 	 	 	1,103	 	 	 	1,092	 	 	 	1,088	 	 	 	1,058	 	 	 	1,011	 	 	 	1,011	 	
Premiums and deposits	  	 	—  	 	  	 	—  	 	 	 	1	 	 	 	2	 	 	 	3	 	 	 	12	 	 	 	5	 	 	 	30	 	 	 	47	 	 	 	94	 	
Surrenders, benefits and product charges	  	 	(15	)	  	 	(15	)	 	 	(13	)	 	 	(14	)	 	 	(57	)	 	 	(15	)	 	 	(15	)	 	 	(15	)	 	 	(14	)	 	 	(59	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(15	)	  	 	(15	)	 	 	(12	)	 	 	(12	)	 	 	(54	)	 	 	(3	)	 	 	(10	)	 	 	15	 	 	 	33	 	 	 	35	 	
Interest credited	  	 	15	 	  	 	14	 	 	 	14	 	 	 	14	 	 	 	57	 	 	 	14	 	 	 	14	 	 	 	15	 	 	 	14	 	 	 	57	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	1,106	 	  	 	1,106	 	 	 	1,107	 	 	 	1,105	 	 	 	1,106	 	 	 	1,103	 	 	 	1,092	 	 	 	1,088	 	 	 	1,058	 	 	 	1,103	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Retirement Income—Spread-Based, net of reinsurance	  	$	20,059	 	  	$	20,236	 	 	$	20,018	 	 	$	20,027	 	 	$	20,059	 	 	$	19,844	 	 	$	19,918	 	 	$	20,341	 	 	$	20,841	 	 	$	19,844	 	

 
28

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Operating Income and Sales—Institutional
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	
Net investment income	  	 	61	 	 	 	87	 	 	 	100	 	 	 	135	 	 	 	383	 	 	 	167	 	 	 	175	 	 	 	167	 	 	 	166	 	 	 	675	 	
Net investment gains (losses)	  	 	(269	)	 	 	(206	)	 	 	(303	)	 	 	(59	)	 	 	(837	)	 	 	(128	)	 	 	(20	)	 	 	(6	)	 	 	(5	)	 	 	(159	)	
Insurance and investment product fees and other	  	 	40	 	 	 	81	 	 	 	—  	 	 	 	—  	 	 	 	121	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	(168	)	 	 	(38	)	 	 	(203	)	 	 	76	 	 	 	(333	)	 	 	39	 	 	 	155	 	 	 	161	 	 	 	161	 	 	 	516	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Interest credited	  	 	74	 	 	 	80	 	 	 	86	 	 	 	115	 	 	 	355	 	 	 	149	 	 	 	157	 	 	 	149	 	 	 	141	 	 	 	596	 	
Acquisition and operating expenses, net of deferrals	  	 	1	 	 	 	2	 	 	 	2	 	 	 	2	 	 	 	7	 	 	 	2	 	 	 	3	 	 	 	2	 	 	 	3	 	 	 	10	 	
Amortization of deferred acquisition costs and intangibles	  	 	1	 	 	 	14	 	 	 	1	 	 	 	1	 	 	 	17	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	
Interest expense	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	76	 	 	 	96	 	 	 	89	 	 	 	118	 	 	 	379	 	 	 	152	 	 	 	160	 	 	 	152	 	 	 	144	 	 	 	608	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(244	)	 	 	(134	)	 	 	(292	)	 	 	(42	)	 	 	(712	)	 	 	(113	)	 	 	(5	)	 	 	9	 	 	 	17	 	 	 	(92	)	
Provision (benefit) for income taxes	  	 	(84	)	 	 	(49	)	 	 	(101	)	 	 	(14	)	 	 	(248	)	 	 	(40	)	 	 	(2	)	 	 	3	 	 	 	6	 	 	 	(33	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(160	)	 	 	(85	)	 	 	(191	)	 	 	(28	)	 	 	(464	)	 	 	(73	)	 	 	(3	)	 	 	6	 	 	 	11	 	 	 	(59	)	
	 										
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	175	 	 	 	134	 	 	 	196	 	 	 	39	 	 	 	544	 	 	 	82	 	 	 	13	 	 	 	4	 	 	 	3	 	 	 	102	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	15	 	 	$	49	 	 	$	5	 	 	$	11	 	 	$	80	 	 	$	9	 	 	$	10	 	 	$	10	 	 	$	14	 	 	$	43	 	

Effective tax rate (operating income)	  	 	41.2	%	 	 	32.0	%	 	 	51.6	%	 	 	34.0	%	 	 	35.8	%	 	 	31.3	%	 	 	34.7	%	 	 	35.1	%	 	 	35.5	%	 	 	34.3	%	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
Sales by Product:	  				 				 				 				 				 				 				 				 				 				
Guaranteed Investment Contracts (GICs)	  	$	—  	 	 	$	68	 	 	$	184	 	 	$	44	 	 	$	296	 	 	$	32	 	 	$	24	 	 	$	42	 	 	$	22	 	 	$	120	 	
Funding Agreements Backing Notes	  	 	—  	 	 	 	48	 	 	 	675	 	 	 	107	 	 	 	830	 	 	 	520	 	 	 	200	 	 	 	650	 	 	 	600	 	 	 	1,970	 	
Funding Agreements	  	 	243	 	 	 	342	 	 	 	75	 	 	 	—  	 	 	 	660	 	 	 	—  	 	 	 	—  	 	 	 	315	 	 	 	—  	 	 	 	315	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	243	 	 	$	458	 	 	$	934	 	 	$	151	 	 	$	1,786	 	 	$	552	 	 	$	224	 	 	$	1,007	 	 	$	622	 	 	$	2,405	 	

 
Institutional products when sold are executed through specialized brokers and investment brokers, as well as directly to the contractholder.
 
29

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Selected Operating Performance Measures—Institutional
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
GICs, Funding Agreements and Funding Agreements Backing Notes	  			 	  				 				 				 				 				 				 				 				 				
Account value, beginning of period	  	$	9,253	 	  	$	10,773	 	 	$	10,655	 	 	$	10,982	 	 	$	10,982	 	 	$	11,292	 	 	$	11,515	 	 	$	10,724	 	 	$	10,483	 	 	$	10,483	 	
Deposits (1)	  	 	243	 	  	 	558	 	 	 	1,128	 	 	 	251	 	 	 	2,180	 	 	 	762	 	 	 	323	 	 	 	1,107	 	 	 	722	 	 	 	2,914	 	
Surrenders and benefits (1)	  	 	(1,491	)	  	 	(2,149	)	 	 	(1,099	)	 	 	(727	)	 	 	(5,466	)	 	 	(1,226	)	 	 	(710	)	 	 	(460	)	 	 	(629	)	 	 	(3,025	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(1,248	)	  	 	(1,591	)	 	 	29	 	 	 	(476	)	 	 	(3,286	)	 	 	(464	)	 	 	(387	)	 	 	647	 	 	 	93	 	 	 	(111	)	
Interest credited	  	 	89	 	  	 	94	 	 	 	96	 	 	 	117	 	 	 	396	 	 	 	147	 	 	 	154	 	 	 	147	 	 	 	141	 	 	 	589	 	
Foreign currency translation	  	 	10	 	  	 	(23	)	 	 	(7	)	 	 	32	 	 	 	12	 	 	 	7	 	 	 	10	 	 	 	(3	)	 	 	7	 	 	 	21	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of period	  	$	8,104	 	  	$	9,253	 	 	$	10,773	 	 	$	10,655	 	 	$	8,104	 	 	$	10,982	 	 	$	11,292	 	 	$	11,515	 	 	$	10,724	 	 	$	10,982	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
By Contract Type:	  			 	  				 				 				 				 				 				 				 				 				
Guaranteed Investment Contracts	  	$	1,177	 	  	$	1,392	 	 	$	1,478	 	 	$	1,449	 	 				 	$	1,602	 	 	$	1,790	 	 	$	1,921	 	 	$	2,073	 	 				
Funding Agreements Backing Notes	  	 	5,718	 	  	 	5,988	 	 	 	7,349	 	 	 	6,909	 	 				 	 	6,721	 	 	 	6,591	 	 	 	6,578	 	 	 	5,953	 	 				
Funding Agreements	  	 	1,209	 	  	 	1,873	 	 	 	1,946	 	 	 	2,297	 	 				 	 	2,659	 	 	 	2,911	 	 	 	3,016	 	 	 	2,698	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total	  	$	8,104	 	  	$	9,253	 	 	$	10,773	 	 	$	10,655	 	 				 	$	10,982	 	 	$	11,292	 	 	$	11,515	 	 	$	10,724	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Funding Agreements By Liquidity Provisions:	  			 	  				 				 				 				 				 				 				 				 				
90 day—Putable	  	$	—  	 	  	$	—  	 	 	$	350	 	 	$	180	 	 				 	$	170	 	 	$	270	 	 	$	375	 	 	$	425	 	 				
180 day—Putable	  	 	—  	 	  	 	—  	 	 	 	200	 	 	 	345	 	 				 	 	500	 	 	 	500	 	 	 	500	 	 	 	450	 	 				
No put	  	 	250	 	  	 	955	 	 	 	550	 	 	 	925	 	 				 	 	1,135	 	 	 	1,285	 	 	 	1,285	 	 	 	1,235	 	 				
Rolling maturity: (2)	  			 	  				 				 				 				 				 				 				 				 				
No extension and mature in next 12 months	  	 	375	 	  	 	475	 	 	 	740	 	 	 	740	 	 				 	 	290	 	 	 	265	 	 	 	—  	 	 	 	—  	 	 				
Extendible with 12 and 13 months rolling maturity	  	 	—  	 	  	 	100	 	 	 	100	 	 	 	100	 	 				 	 	550	 	 	 	575	 	 	 	840	 	 	 	575	 	 				
Funding agreements with maturities greater than 12 months	  	 	580	 	  	 	337	 	 	 	—  	 	 	 	—  	 	 				 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 				
Accrued interest	  	 	4	 	  	 	6	 	 	 	6	 	 	 	7	 	 				 	 	14	 	 	 	16	 	 	 	16	 	 	 	13	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total funding agreements	  	$	1,209	 	  	$	1,873	 	 	$	1,946	 	 	$	2,297	 	 				 	$	2,659	 	 	$	2,911	 	 	$	3,016	 	 	$	2,698	 	 				

 

(1)	“Surrenders and benefits” include contracts that have matured but are redeposited with us and reflected as deposits. For the three months ended December 31, 2008 and 2007, contracts matured and were redeposited and are now reflected under “Deposits” amounted to zero and $210 million, respectively. For the twelve months ended December 31, 2008 and 2007, contracts included $295 million and $510 million, respectively, that were redeposited and reflected under “Deposits.”	

(2)	Includes products having a 12 and 13 month rolling maturity.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—Life Insurance
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	235	 	  	$	241	 	 	$	250	 	 	$	242	 	 	$	968	 	 	$	231	 	 	$	236	 	 	$	238	 	 	$	235	 	 	$	940	 	
Net investment income	  	 	142	 	  	 	141	 	 	 	148	 	 	 	153	 	 	 	584	 	 	 	171	 	 	 	183	 	 	 	164	 	 	 	157	 	 	 	675	 	
Net investment gains (losses)	  	 	(230	)	  	 	(137	)	 	 	(80	)	 	 	(26	)	 	 	(473	)	 	 	(29	)	 	 	4	 	 	 	(7	)	 	 	—  	 	 	 	(32	)	
Insurance and investment product fees and other	  	 	96	 	  	 	98	 	 	 	89	 	 	 	93	 	 	 	376	 	 	 	100	 	 	 	88	 	 	 	95	 	 	 	93	 	 	 	376	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	243	 	  	 	343	 	 	 	407	 	 	 	462	 	 	 	1,455	 	 	 	473	 	 	 	511	 	 	 	490	 	 	 	485	 	 	 	1,959	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	208	 	  	 	230	 	 	 	208	 	 	 	205	 	 	 	851	 	 	 	202	 	 	 	204	 	 	 	202	 	 	 	196	 	 	 	804	 	
Interest credited	  	 	60	 	  	 	63	 	 	 	60	 	 	 	61	 	 	 	244	 	 	 	61	 	 	 	60	 	 	 	62	 	 	 	60	 	 	 	243	 	
Acquisition and operating expenses, net of deferrals	  	 	41	 	  	 	37	 	 	 	34	 	 	 	37	 	 	 	149	 	 	 	35	 	 	 	32	 	 	 	31	 	 	 	31	 	 	 	129	 	
Amortization of deferred acquisition costs and intangibles	  	 	44	 	  	 	18	 	 	 	39	 	 	 	35	 	 	 	136	 	 	 	35	 	 	 	27	 	 	 	36	 	 	 	32	 	 	 	130	 	
Interest expense	  	 	48	 	  	 	37	 	 	 	38	 	 	 	46	 	 	 	169	 	 	 	56	 	 	 	57	 	 	 	50	 	 	 	42	 	 	 	205	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	401	 	  	 	385	 	 	 	379	 	 	 	384	 	 	 	1,549	 	 	 	389	 	 	 	380	 	 	 	381	 	 	 	361	 	 	 	1,511	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(158	)	  	 	(42	)	 	 	28	 	 	 	78	 	 	 	(94	)	 	 	84	 	 	 	131	 	 	 	109	 	 	 	124	 	 	 	448	 	
Provision (benefit) for income taxes	  	 	(55	)	  	 	(16	)	 	 	(6	)	 	 	29	 	 	 	(48	)	 	 	29	 	 	 	47	 	 	 	39	 	 	 	46	 	 	 	161	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(103	)	  	 	(26	)	 	 	34	 	 	 	49	 	 	 	(46	)	 	 	55	 	 	 	84	 	 	 	70	 	 	 	78	 	 	 	287	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	149	 	  	 	89	 	 	 	53	 	 	 	16	 	 	 	307	 	 	 	21	 	 	 	(3	)	 	 	5	 	 	 	—  	 	 	 	23	 	
Expenses related to reorganization, net of taxes	  	 	3	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	49	 	  	$	63	 	 	$	87	 	 	$	65	 	 	$	264	 	 	$	76	 	 	$	81	 	 	$	75	 	 	$	78	 	 	$	310	 	

Effective tax rate (operating income)	  	 	35.5	%	  	 	33.6	%	 	 	20.2	%	 	 	36.9	%	 	 	31.1	%	 	 	33.7	%	 	 	36.1	%	 	 	35.3	%	 	 	37.1	%	 	 	35.6	%	
											
SALES:	  				  				 				 				 				 				 				 				 				 				
Sales by Product:	  				  				 				 				 				 				 				 				 				 				
Term Life	  	$	22	 	  	$	21	 	 	$	25	 	 	$	23	 	 	$	91	 	 	$	26	 	 	$	28	 	 	$	29	 	 	$	29	 	 	$	112	 	
Universal Life:	  			 	  				 				 				 				 				 				 				 				 				
Annualized first-year deposits	  	 	12	 	  	 	12	 	 	 	14	 	 	 	13	 	 	 	51	 	 	 	14	 	 	 	15	 	 	 	15	 	 	 	11	 	 	 	55	 	
Excess deposits	  	 	29	 	  	 	43	 	 	 	46	 	 	 	43	 	 	 	161	 	 	 	64	 	 	 	53	 	 	 	41	 	 	 	48	 	 	 	206	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Universal Life	  	 	41	 	  	 	55	 	 	 	60	 	 	 	56	 	 	 	212	 	 	 	78	 	 	 	68	 	 	 	56	 	 	 	59	 	 	 	261	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	63	 	  	$	76	 	 	$	85	 	 	$	79	 	 	$	303	 	 	$	104	 	 	$	96	 	 	$	85	 	 	$	88	 	 	$	373	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Sales by Distribution Channel:	  			 	  				 				 				 				 				 				 				 				 				
Financial Intermediaries	  	$	1	 	  	$	—  	 	 	$	1	 	 	$	1	 	 	$	3	 	 	$	2	 	 	$	1	 	 	$	2	 	 	$	1	 	 	$	6	 	
Independent Producers	  	 	62	 	  	 	76	 	 	 	84	 	 	 	78	 	 	 	300	 	 	 	102	 	 	 	95	 	 	 	83	 	 	 	87	 	 	 	367	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	63	 	  	$	76	 	 	$	85	 	 	$	79	 	 	$	303	 	 	$	104	 	 	$	96	 	 	$	85	 	 	$	88	 	 	$	373	 	

 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Life Insurance In-force
(amounts in millions)

 	  	2008	  	2007	
 	  	Q4	 	  	Q3	  	Q2	  	Q1	  	Q4	  	Q3	  	Q2	  	Q1	
Term life insurance	  			 	  			  			  			  			  			  			  			
Life insurance in-force, net of reinsurance	  	$	480,641	  	  	$	491,032	  	$	481,430	  	$	476,503	  	$	464,411	  	$	457,001	  	$	449,654	  	$	439,380	
Life insurance in-force before reinsurance	  	$	625,766	 	  	$	625,385	  	$	621,221	  	$	619,086	  	$	618,379	  	$	614,248	  	$	610,071	  	$	602,725	
	 								
Universal and whole life insurance	  			 	  			  			  			  			  			  			  			
Life insurance in-force, net of reinsurance	  	$	43,889	 	  	$	43,781	  	$	42,833	  	$	42,590	  	$	42,181	  	$	41,638	  	$	41,303	  	$	40,912	
Life insurance in-force before reinsurance	  	$	51,308	 	  	$	51,043	  	$	51,851	  	$	51,534	  	$	51,175	  	$	50,737	  	$	50,290	  	$	49,834	
	 								
Total life insurance	  			 	  			  			  			  			  			  			  			
Life insurance in-force, net of reinsurance	  	$	524,530	 	  	$	534,813	  	$	524,263	  	$	519,093	  	$	506,592	  	$	498,639	  	$	490,957	  	$	480,292	
Life insurance in-force before reinsurance	  	$	677,074	 	  	$	676,428	  	$	673,072	  	$	670,620	  	$	669,554	  	$	664,985	  	$	660,361	  	$	652,559	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—Long-Term Care
(amounts in millions)

 	 	2008	 	 	2007	 	
 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				 				
Premiums	 	$	556	 	 	$	536	 	 	$	524	 	 	$	511	 	 	$	2,127	 	 	$	506	 	 	$	507	 	 	$	498	 	 	$	485	 	 	$	1,996	 	
Net investment income	 	 	226	 	 	 	222	 	 	 	215	 	 	 	216	 	 	 	879	 	 	 	212	 	 	 	210	 	 	 	213	 	 	 	196	 	 	 	831	 	
Net investment gains (losses)	 	 	629	 	 	 	(34	)	 	 	(23	)	 	 	(32	)	 	 	540	 	 	 	(2	)	 	 	2	 	 	 	(10	)	 	 	(5	)	 	 	(15	)	
Insurance and investment product fees and other	 	 	6	 	 	 	6	 	 	 	6	 	 	 	6	 	 	 	24	 	 	 	6	 	 	 	6	 	 	 	5	 	 	 	7	 	 	 	24	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	1,417	 	 	 	730	 	 	 	722	 	 	 	701	 	 	 	3,570	 	 	 	722	 	 	 	725	 	 	 	706	 	 	 	683	 	 	 	2,836	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	541	 	 	 	540	 	 	 	531	 	 	 	522	 	 	 	2,134	 	 	 	509	 	 	 	517	 	 	 	494	 	 	 	480	 	 	 	2,000	 	
Interest credited	 	 	47	 	 	 	46	 	 	 	45	 	 	 	41	 	 	 	179	 	 	 	45	 	 	 	40	 	 	 	38	 	 	 	39	 	 	 	162	 	
Acquisition and operating expenses, net of deferrals	 	 	95	 	 	 	89	 	 	 	84	 	 	 	83	 	 	 	351	 	 	 	89	 	 	 	84	 	 	 	87	 	 	 	84	 	 	 	344	 	
Amortization of deferred acquisition costs and intangibles	 	 	32	 	 	 	29	 	 	 	31	 	 	 	29	 	 	 	121	 	 	 	24	 	 	 	24	 	 	 	34	 	 	 	27	 	 	 	109	 	
Interest expense	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	715	 	 	 	704	 	 	 	691	 	 	 	675	 	 	 	2,785	 	 	 	668	 	 	 	665	 	 	 	653	 	 	 	630	 	 	 	2,616	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	702	 	 	 	26	 	 	 	31	 	 	 	26	 	 	 	785	 	 	 	54	 	 	 	60	 	 	 	53	 	 	 	53	 	 	 	220	 	
Provision for income taxes	 	 	246	 	 	 	9	 	 	 	12	 	 	 	9	 	 	 	276	 	 	 	20	 	 	 	20	 	 	 	19	 	 	 	19	 	 	 	78	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	456	 	 	 	17	 	 	 	19	 	 	 	17	 	 	 	509	 	 	 	34	 	 	 	40	 	 	 	34	 	 	 	34	 	 	 	142	 	
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	 	 	(410	)	 	 	22	 	 	 	15	 	 	 	21	 	 	 	(352	)	 	 	2	 	 	 	(1	)	 	 	7	 	 	 	3	 	 	 	11	 	
Expenses related to reorganization, net of taxes	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	 	$	49	 	 	$	39	 	 	$	34	 	 	$	38	 	 	$	160	 	 	$	36	 	 	$	39	 	 	$	41	 	 	$	37	 	 	$	153	 	

											
Effective tax rate (operating income)	 	 	36.2	%	 	 	34.7	%	 	 	36.4	%	 	 	34.9	%	 	 	35.6	%	 	 	36.5	%	 	 	33.3	%	 	 	35.8	%	 	 	35.9	%	 	 	35.4	%	
											
SALES:	 				 				 				 				 				 				 				 				 				 				
Sales by Distribution Channel:	 				 				 				 				 				 				 				 				 				 				
Financial Intermediaries	 	$	4	 	 	$	5	 	 	$	4	 	 	$	6	 	 	$	19	 	 	$	7	 	 	$	6	 	 	$	7	 	 	$	7	 	 	$	27	 	
Independent Producers	 	 	17	 	 	 	23	 	 	 	24	 	 	 	23	 	 	 	87	 	 	 	25	 	 	 	25	 	 	 	23	 	 	 	24	 	 	 	97	 	
Dedicated Sales Specialist	 	 	12	 	 	 	15	 	 	 	16	 	 	 	15	 	 	 	58	 	 	 	13	 	 	 	13	 	 	 	11	 	 	 	10	 	 	 	47	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Individual Long-Term Care	 	 	33	 	 	 	43	 	 	 	44	 	 	 	44	 	 	 	164	 	 	 	45	 	 	 	44	 	 	 	41	 	 	 	41	 	 	 	171	 	
Group Long-Term Care	 	 	5	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	8	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	
Medicare Supplement and Other A&H	 	 	18	 	 	 	14	 	 	 	13	 	 	 	10	 	 	 	55	 	 	 	10	 	 	 	8	 	 	 	7	 	 	 	7	 	 	 	32	 	
Linked-Benefits	 	 	8	 	 	 	6	 	 	 	8	 	 	 	7	 	 	 	29	 	 	 	10	 	 	 	8	 	 	 	5	 	 	 	4	 	 	 	27	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	 	$	64	 	 	$	64	 	 	$	66	 	 	$	62	 	 	$	256	 	 	$	66	 	 	$	60	 	 	$	54	 	 	$	52	 	 	$	232	 	

LOSS RATIOS:	 				 				 				 				 				 				 				 				 				 				
Total Long-Term Care	 				 				 				 				 				 				 				 				 				 				
Earned Premiums	 	$	482	 	 	$	470	 	 	$	459	 	 	$	443	 	 	$	1,854	 	 	$	442	 	 	$	444	 	 	$	430	 	 	$	419	 	 	$	1,735	 	
Loss Ratio (1)	 	 	63.0	%	 	 	66.5	%	 	 	66.9	%	 	 	66.9	%	 	 	65.8	%	 	 	67.5	%	 	 	70.0	%	 	 	67.8	%	 	 	65.4	%	 	 	66.6	%	
Gross Benefits Ratio (2)	 	 	102.0	%	 	 	104.6	%	 	 	105.2	%	 	 	105.6	%	 	 	104.3	%	 	 	105.0	%	 	 	106.4	%	 	 	103.9	%	 	 	101.0	%	 	 	102.5	%	
Medicare Supplement and A&H (3)	 			 	 				 				 				 				 				 				 				 				 				
Earned Premiums	 	$	73	 	 	$	68	 	 	$	68	 	 	$	68	 	 	$	277	 	 	$	66	 	 	$	65	 	 	$	69	 	 	$	67	 	 	$	267	 	
Loss Ratio (1)	 	 	64.7	%	 	 	69.6	%	 	 	70.5	%	 	 	76.2	%	 	 	70.1	%	 	 	66.2	%	 	 	66.8	%	 	 	68.4	%	 	 	80.7	%	 	 	74.5	%	

(1)	We calculate the loss ratio for our long-term care insurance product by dividing benefits and other changes in policy reserves less tabular interest on reserves less loss adjustment expenses by net earned premiums.	

(2)	We calculate the gross benefits ratio by dividing the benefits and other changes in policy reserves by net earned premiums.	

(3)	The Medicare Supplement and A&H earned premium and loss ratios do not include the linked-benefits product.	
 
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International
 
34

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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income—International
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	533	 	 	$	587	 	 	$	628	 	 	$	609	 	 	$	2,357	 	 	$	623	 	 	$	572	 	 	$	509	 	 	$	493	 	 	$	2,197	 	
Net investment income	  	 	117	 	 	 	146	 	 	 	148	 	 	 	138	 	 	 	549	 	 	 	138	 	 	 	131	 	 	 	113	 	 	 	88	 	 	 	470	 	
Net investment gains (losses)	  	 	(5	)	 	 	(37	)	 	 	25	 	 	 	(7	)	 	 	(24	)	 	 	(2	)	 	 	—  	 	 	 	(5	)	 	 	—  	 	 	 	(7	)	
Insurance and investment product fees and other	  	 	—  	 	 	 	7	 	 	 	7	 	 	 	11	 	 	 	25	 	 	 	8	 	 	 	8	 	 	 	7	 	 	 	6	 	 	 	29	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	645	 	 	 	703	 	 	 	808	 	 	 	751	 	 	 	2,907	 	 	 	767	 	 	 	711	 	 	 	624	 	 	 	587	 	 	 	2,689	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	176	 	 	 	147	 	 	 	160	 	 	 	163	 	 	 	646	 	 	 	140	 	 	 	126	 	 	 	112	 	 	 	107	 	 	 	485	 	
Acquisition and operating expenses, net of deferrals	  	 	246	 	 	 	254	 	 	 	273	 	 	 	258	 	 	 	1,031	 	 	 	266	 	 	 	281	 	 	 	229	 	 	 	224	 	 	 	1,000	 	
Amortization of deferred acquisition costs and intangibles	  	 	72	 	 	 	87	 	 	 	97	 	 	 	103	 	 	 	359	 	 	 	96	 	 	 	94	 	 	 	86	 	 	 	87	 	 	 	363	 	
Interest expense	  	 	6	 	 	 	19	 	 	 	8	 	 	 	7	 	 	 	40	 	 	 	8	 	 	 	6	 	 	 	10	 	 	 	4	 	 	 	28	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	500	 	 	 	507	 	 	 	538	 	 	 	531	 	 	 	2,076	 	 	 	510	 	 	 	507	 	 	 	437	 	 	 	422	 	 	 	1,876	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	145	 	 	 	196	 	 	 	270	 	 	 	220	 	 	 	831	 	 	 	257	 	 	 	204	 	 	 	187	 	 	 	165	 	 	 	813	 	
Provision for income taxes	  	 	34	 	 	 	54	 	 	 	71	 	 	 	64	 	 	 	223	 	 	 	78	 	 	 	65	 	 	 	48	 	 	 	42	 	 	 	233	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	111	 	 	 	142	 	 	 	199	 	 	 	156	 	 	 	608	 	 	 	179	 	 	 	139	 	 	 	139	 	 	 	123	 	 	 	580	 	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	4	 	 	 	24	 	 	 	(16	)	 	 	4	 	 	 	16	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	—  	 	 	 	5	 	
Expenses related to reorganization, net of taxes	  	 	9	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	9	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 	  	$	124	 	 	$	166	 	 	$	183	 	 	$	160	 	 	$	633	 	 	$	180	 	 	$	140	 	 	$	142	 	 	$	123	 	 	$	585	 	

Effective tax rate (operating income)	  	 	24.3	%	 	 	28.1	%	 	 	25.6	%	 	 	29.5	%	 	 	27.1	%	 	 	30.7	%	 	 	32.2	%	 	 	25.7	%	 	 	25.3	%	 	 	28.8	%	

(1)	Net operating income adjusted for foreign exchange for our International segment was $154 million and $614 million for the three and twelve months ended December 31, 2008, respectively.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—International Mortgage Insurance—Canada
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4 (1)	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	125	 	 	$	137	 	 	$	139	 	 	$	133	 	 	$	534	 	 	$	142	 	 	$	108	 	 	$	94	 	 	$	83	 	 	$	427	 	
Net investment income (2)	  	 	44	 	 	 	50	 	 	 	50	 	 	 	48	 	 	 	192	 	 	 	49	 	 	 	52	 	 	 	31	 	 	 	29	 	 	 	161	 	
Net investment gains (losses)	  	 	(2	) 	 	 	—  	 	 	 	26	 	 	 	(6	)	 	 	18	 	 	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	(2	)	
Insurance and investment product fees and other	  	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	167	 	 	 	188	 	 	 	215	 	 	 	175	 	 	 	745	 	 	 	192	 	 	 	158	 	 	 	125	 	 	 	112	 	 	 	587	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	39	 	 	 	34	 	 	 	30	 	 	 	35	 	 	 	138	 	 	 	26	 	 	 	20	 	 	 	16	 	 	 	13	 	 	 	75	 	
Acquisition and operating expenses, net of deferrals (2)	  	 	24	 	 	 	22	 	 	 	22	 	 	 	22	 	 	 	90	 	 	 	25	 	 	 	31	 	 	 	15	 	 	 	13	 	 	 	84	 	
Amortization of deferred acquisition costs and intangibles	  	 	7	 	 	 	8	 	 	 	9	 	 	 	8	 	 	 	32	 	 	 	6	 	 	 	4	 	 	 	5	 	 	 	4	 	 	 	19	 	
Interest expense	  	 	1	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	3	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	71	 	 	 	65	 	 	 	61	 	 	 	66	 	 	 	263	 	 	 	58	 	 	 	56	 	 	 	36	 	 	 	31	 	 	 	181	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	96	 	 	 	123	 	 	 	154	 	 	 	109	 	 	 	482	 	 	 	134	 	 	 	102	 	 	 	89	 	 	 	81	 	 	 	406	 	
Provision for income taxes	  	 	31	 	 	 	43	 	 	 	54	 	 	 	38	 	 	 	166	 	 	 	46	 	 	 	35	 	 	 	30	 	 	 	26	 	 	 	137	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	65	 	 	 	80	 	 	 	100	 	 	 	71	 	 	 	316	 	 	 	88	 	 	 	67	 	 	 	59	 	 	 	55	 	 	 	269	 	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	1	 	 	 	—  	 	 	 	(17	)	 	 	4	 	 	 	(12	)	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
Expenses related to reorganization, net of taxes	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (3) 	  	$	67	 	 	$	80	 	 	$	83	 	 	$	75	 	 	$	305	 	 	$	88	 	 	$	68	 	 	$	59	 	 	$	55	 	 	$	270	 	

Effective tax rate (operating income)	  	 	31.9	%	 	 	35.2	%	 	 	35.0	%	 	 	35.0	%	 	 	34.4	%	 	 	34.4	%	 	 	34.2	%	 	 	33.3	%	 	 	32.6	%	 	 	33.8	%	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				 				 				
Flow	  	$	4,800	 	 	$	8,000	 	 	$	7,500	 	 	$	4,900	 	 	$	25,200	 	 	$	8,100	 	 	$	11,000	 	 	$	9,600	 	 	$	6,000	 	 	$	34,700	 	
Bulk	  	 	1,800	 	 	 	900	 	 	 	800	 	 	 	1,500	 	 	 	5,000	 	 	 	7,800	 	 	 	1,300	 	 	 	11,900	 	 	 	400	 	 	 	21,400	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Canada NIW (4) 	  	$	6,600	 	 	$	8,900	 	 	$	8,300	 	 	$	6,400	 	 	$	30,200	 	 	$	15,900	 	 	$	12,300	 	 	$	21,500	 	 	$	6,400	 	 	$	56,100	 	

 

(1)	Included in the results for the fourth quarter of 2007 were adjustments related to the premium recognition curve and loss factor updates. These adjustments favorably impacted net operating income by $13 million in the fourth quarter of 2007. For further details, see our fourth quarter 2007 financial supplement on our website at www.genworth.com.	

(2)	The three months ended September 30, 2007 included a reclassification of expense of $16 million from net investment income to acquisition and operating expenses, net of deferrals. The reclassification was associated with exit fee accruals for the guarantee fund the Canadian government requires us to maintain in the event of insolvency. Prior periods were not restated as the adjustment was immaterial to the three months ended September 30, 2007 and all prior periods. The respective expense amount related to the third, second and first quarter of 2007 was $7 million, $6 million and $3 million, respectively.	

(3)	Net operating income for our Canadian platform adjusted for foreign exchange was $81 million and $299 million for the three and twelve months ended December 31, 2008, respectively.	

(4)	New insurance written for our Canadian platform adjusted for foreign exchange was $8,000 million and $30,100 million for the three and twelve months ended December 31, 2008, respectively.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—International Mortgage Insurance—Australia
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4 (1)	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	72	 	 	$	78	 	 	$	85	 	 	$	86	 	 	$	321	 	 	$	71	 	 	$	73	 	 	$	72	 	 	$	68	 	 	$	284	 	
Net investment income	  	 	28	 	 	 	38	 	 	 	38	 	 	 	35	 	 	 	139	 	 	 	33	 	 	 	30	 	 	 	31	 	 	 	22	 	 	 	116	 	
Net investment gains (losses)	  	 	(1	)	 	 	(4	)	 	 	—  	 	 	 	(1	)	 	 	(6	)	 	 	—  	 	 	 	3	 	 	 	(2	)	 	 	—  	 	 	 	1	 	
Insurance and investment product fees and other	  	 	(1	)	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	98	 	 	 	112	 	 	 	124	 	 	 	120	 	 	 	454	 	 	 	104	 	 	 	106	 	 	 	101	 	 	 	91	 	 	 	402	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	34	 	 	 	38	 	 	 	35	 	 	 	35	 	 	 	142	 	 	 	33	 	 	 	36	 	 	 	34	 	 	 	31	 	 	 	134	 	
Acquisition and operating expenses, net of deferrals	  	 	13	 	 	 	13	 	 	 	18	 	 	 	19	 	 	 	63	 	 	 	15	 	 	 	14	 	 	 	13	 	 	 	12	 	 	 	54	 	
Amortization of deferred acquisition costs and intangibles	  	 	5	 	 	 	6	 	 	 	6	 	 	 	7	 	 	 	24	 	 	 	4	 	 	 	5	 	 	 	5	 	 	 	5	 	 	 	19	 	
Interest expense	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	52	 	 	 	57	 	 	 	59	 	 	 	61	 	 	 	229	 	 	 	52	 	 	 	55	 	 	 	52	 	 	 	48	 	 	 	207	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	46	 	 	 	55	 	 	 	65	 	 	 	59	 	 	 	225	 	 	 	52	 	 	 	51	 	 	 	49	 	 	 	43	 	 	 	195	 	
Provision for income taxes	  	 	8	 	 	 	10	 	 	 	15	 	 	 	12	 	 	 	45	 	 	 	12	 	 	 	13	 	 	 	7	 	 	 	7	 	 	 	39	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	38	 	 	 	45	 	 	 	50	 	 	 	47	 	 	 	180	 	 	 	40	 	 	 	38	 	 	 	42	 	 	 	36	 	 	 	156	 	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	1	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	4	 	 	 	—  	 	 	 	(2	)	 	 	2	 	 	 	—  	 	 	 	—  	 	
Expenses related to reorganization, net of taxes	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (2) 	  	$	40	 	 	$	48	 	 	$	50	 	 	$	47	 	 	$	185	 	 	$	40	 	 	$	36	 	 	$	44	 	 	$	36	 	 	$	156	 	

Effective tax rate (operating income)	  	 	17.1	%	 	 	19.7	%	 	 	22.3	%	 	 	20.9	%	 	 	20.2	%	 	 	23.8	%	 	 	25.6	%	 	 	14.9	%	 	 	15.5	%	 	 	20.1	%	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				 				 				
Flow	  	$	6,600	 	 	$	8,700	 	 	$	10,000	 	 	$	10,400	 	 	$	35,700	 	 	$	11,600	 	 	$	11,400	 	 	$	11,600	 	 	$	10,800	 	 	$	45,400	 	
Bulk	  	 	300	 	 	 	600	 	 	 	600	 	 	 	1,000	 	 	 	2,500	 	 	 	900	 	 	 	7,000	 	 	 	5,900	 	 	 	2,300	 	 	 	16,100	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Australia NIW (3) 	  	$	6,900	 	 	$	9,300	 	 	$	10,600	 	 	$	11,400	 	 	$	38,200	 	 	$	12,500	 	 	$	18,400	 	 	$	17,500	 	 	$	13,100	 	 	$	61,500	 	

 

(1)	Included in the results for the fourth quarter of 2007 were adjustments related to the premium recognition curve and loss factor updates. These adjustments unfavorably impacted net operating income by $4 million in the fourth quarter of 2007. For further details, see our fourth quarter 2007 financial supplement on our website at www.genworth.com.	

(2)	Net operating income for our Australian platform adjusted for foreign exchange was $51 million and $182 million for the three and twelve months ended December 31, 2008, respectively.	

(3)	New insurance written for our Australian platform adjusted for foreign exchange was $9,100 million and $37,200 million for the three and twelve months ended December 31, 2008, respectively.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) and Sales—Other International Mortgage Insurance
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4 (1)	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	33	 	 	$	30	 	 	$	29	 	 	$	28	 	 	$	120	 	 	$	63	 	 	$	27	 	 	$	29	 	 	$	22	 	 	$	141	 	
Net investment income	  	 	8	 	 	 	9	 	 	 	9	 	 	 	9	 	 	 	35	 	 	 	9	 	 	 	9	 	 	 	7	 	 	 	5	 	 	 	30	 	
Net investment gains (losses)	  	 	2	 	 	 	(6	)	 	 	—  	 	 	 	—  	 	 	 	(4	)	 	 	—  	 	 	 	—  	 	 	 	(1	)	 	 	—  	 	 	 	(1	)	
Insurance and investment product fees and other	  	 	(1	) 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	2	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	42	 	 	 	33	 	 	 	38	 	 	 	38	 	 	 	151	 	 	 	73	 	 	 	37	 	 	 	35	 	 	 	27	 	 	 	172	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	34	 	 	 	26	 	 	 	19	 	 	 	21	 	 	 	100	 	 	 	21	 	 	 	10	 	 	 	11	 	 	 	5	 	 	 	47	 	
Acquisition and operating expenses, net of deferrals	  	 	18	 	 	 	19	 	 	 	17	 	 	 	17	 	 	 	71	 	 	 	27	 	 	 	18	 	 	 	18	 	 	 	18	 	 	 	81	 	
Amortization of deferred acquisition costs and intangibles	  	 	7	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	11	 	 	 	2	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	6	 	
Interest expense	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	59	 	 	 	46	 	 	 	38	 	 	 	39	 	 	 	182	 	 	 	50	 	 	 	30	 	 	 	30	 	 	 	24	 	 	 	134	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(17	)	 	 	(13	)	 	 	—  	 	 	 	(1	)	 	 	(31	)	 	 	23	 	 	 	7	 	 	 	5	 	 	 	3	 	 	 	38	 	
Provision (benefit) for income taxes	  	 	(7	)	 	 	(7	)	 	 	(1	)	 	 	(1	)	 	 	(16	)	 	 	7	 	 	 	2	 	 	 	1	 	 	 	—  	 	 	 	10	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(10	)	 	 	(6	)	 	 	1	 	 	 	—  	 	 	 	(15	)	 	 	16	 	 	 	5	 	 	 	4	 	 	 	3	 	 	 	28	 	
	 										
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	(1	)	 	 	4	 	 	 	—  	 	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
Expenses related to reorganization, net of taxes	  	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS) (2) 	  	$	(8	)	 	$	(2	)	 	$	1	 	 	$	—	 	 	$	(9	)	 	$	16	 	 	$	6	 	 	$	4	 	 	$	3	 	 	$	29	 	

Effective tax rate (operating income (loss))	  	 	40.7	%	 	 	74.7	%	 	 	219.7	%	 	 	154.3	%	 	 	56.8	%	 	 	30.7	%	 	 	30.2	%	 	 	21.2	%	 	 	-1.6	%	 	 	27.0	%	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				 				 				
Flow	  	$	1,500	 	 	$	2,000	 	 	$	2,100	 	 	$	2,300	 	 	$	7,900	 	 	$	3,300	 	 	$	4,700	 	 	$	5,100	 	 	$	4,900	 	 	$	18,000	 	
Bulk	  	 	—  	 	 	 	1,100	 	 	 	500	 	 	 	700	 	 	 	2,300	 	 	 	900	 	 	 	800	 	 	 	400	 	 	 	3,800	 	 	 	5,900	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Other International NIW (3) 	  	$	1,500	 	 	$	3,100	 	 	$	2,600	 	 	$	3,000	 	 	$	10,200	 	 	$	4,200	 	 	$	5,500	 	 	$	5,500	 	 	$	8,700	 	 	$	23,900	 	

 

(1)	Included in the results for the fourth quarter of 2007 were adjustments related to the premium recognition curve and loss factor updates. These adjustments favorably impacted net operating income by $14 million in the fourth quarter of 2007. For further details, see our fourth quarter 2007 financial supplement on our website at www.genworth.com.	

(2)	Net operating income (loss) for our Other International platform adjusted for foreign exchange was $(8) million for both the three and twelve months ended December 31, 2008.	

(3)	New insurance written for our Other International platform adjusted for foreign exchange was $1,700 million and $9,700 million for the three and twelve months ended December 31, 2008, respectively.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures—International Mortgage Insurance
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Net Premiums Written	  			 	 				 				 				 				 				 				 				 				 				
Canada	  	$	129	 	 	$	214	 	 	$	198	 	 	$	130	 	 	$	671	 	 	$	225	 	 	$	301	 	 	$	262	 	 	$	137	 	 	$	925	 	
Australia	  	 	73	 	 	 	82	 	 	 	89	 	 	 	97	 	 	 	341	 	 	 	109	 	 	 	102	 	 	 	108	 	 	 	102	 	 	 	421	 	
Other International (1)	  	 	(62	)	 	 	10	 	 	 	5	 	 	 	18	 	 	 	(29	)	 	 	28	 	 	 	49	 	 	 	58	 	 	 	83	 	 	 	218	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total International Net Premiums Written	  	$	140	 	 	$	306	 	 	$	292	 	 	$	245	 	 	$	983	 	 	$	362	 	 	$	452	 	 	$	428	 	 	$	322	 	 	$	1,564	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (2)	  			 	 				 				 				 				 				 				 				 				 				
Canada	  	 	32	%  	 	 	25	%	 	 	21	%	 	 	26	%	 	 	26	%	 	 	18	%	 	 	18	%	 	 	17	%	 	 	16	%	 	 	18	%	
Australia	  	 	47	%	 	 	48	%	 	 	41	%	 	 	41	%	 	 	44	%	 	 	46	%	 	 	49	%	 	 	47	%	 	 	46	%	 	 	47	%	
Other International	  	 	99	%	 	 	87	%	 	 	70	%	 	 	71	%	 	 	83	%	 	 	33	%	 	 	38	%	 	 	37	%	 	 	24	%	 	 	33	%	
Total International Loss Ratio	  	 	46	%	 	 	40	%	 	 	33	%	 	 	39	%	 	 	39	%	 	 	29	%	 	 	32	%	 	 	31	%	 	 	29	%	 	 	30	%	
Expense Ratio (3)	  			 	 				 				 				 				 				 				 				 				 				
Canada	  	 	23	%	 	 	14	%	 	 	16	%	 	 	23	%	 	 	18	%	 	 	13	%	 	 	12	%	 	 	7	%	 	 	12	%	 	 	11	%	
Australia	  	 	25	%	 	 	22	%	 	 	27	%	 	 	27	%	 	 	25	%	 	 	18	%	 	 	18	%	 	 	17	%	 	 	17	%	 	 	17	%	
Other International (1)	  	 	-34	%	 	 	190	%	 	 	362	%	 	 	104	%	 	 	-277	%	 	 	100	%	 	 	38	%	 	 	34	%	 	 	23	%	 	 	40	%	
Total International Expense Ratio	  	 	50	%	 	 	22	%	 	 	25	%	 	 	31	%	 	 	29	%	 	 	22	%	 	 	16	%	 	 	13	%	 	 	16	%	 	 	17	%	
Expense Ratio Adjusted for Canada Reclassification (4)	  			 	 				 				 				 				 				 				 				 				 				
Canada	  			 	 				 				 				 				 				 	 	9	%	 	 	10	%	 	 	15	%	 	 	11	%	
Total International Expense Ratio	  			 	 				 				 				 				 				 	 	14	%	 	 	15	%	 	 	18	%	 	 	17	%	
Primary Insurance In-force	  			 	 				 				 				 				 				 				 				 				 				
Canada	  	$	171,500	 	 	$	192,800	 	 	$	194,100	 	 	$	185,000	 	 				 	$	187,900	 	 	$	172,400	 	 	$	150,000	 	 	$	119,700	 	 				
Australia	  	 	184,500	 	 	 	207,500	 	 	 	249,900	 	 	 	234,600	 	 				 	 	221,400	 	 	 	224,500	 	 	 	205,100	 	 	 	185,200	 	 				
Other International (1)	  	 	49,400	 	 	 	64,300	 	 	 	71,500	 	 	 	72,400	 	 				 	 	68,500	 	 	 	65,000	 	 	 	59,800	 	 	 	56,000	 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total International Primary Insurance In-force	  	$	405,400	 	 	$	464,600	 	 	$	515,500	 	 	$	492,000	 	 				 	$	477,800	 	 	$	461,900	 	 	$	414,900	 	 	$	360,900	 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Risk In-force (5)	  			 	 				 				 				 				 				 				 				 				 				
Canada	  			 	 				 				 				 				 				 				 				 				 				
Flow	  	$	47,300	 	 	$	53,300	 	 	$	53,400	 	 	$	50,700	 	 				 	$	51,200	 	 	$	48,400	 	 	$	41,800	 	 	$	35,900	 	 				
Bulk	  	 	12,700	 	 	 	14,200	 	 	 	14,500	 	 	 	14,100	 	 				 	 	14,600	 	 	 	11,900	 	 	 	10,700	 	 	 	6,000	 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Canada	  	 	60,000	 	 	 	67,500	 	 	 	67,900	 	 	 	64,800	 	 				 	 	65,800	 	 	 	60,300	 	 	 	52,500	 	 	 	41,900	 	 				
Australia	  			 	 				 				 				 				 				 				 				 				 				
Flow	  	 	56,700	 	 	 	63,700	 	 	 	76,500	 	 	 	71,600	 	 				 	 	67,200	 	 	 	68,200	 	 	 	64,100	 	 	 	59,300	 	 				
Bulk	  	 	7,900	 	 	 	8,900	 	 	 	11,000	 	 	 	10,500	 	 				 	 	10,300	 	 	 	10,400	 	 	 	7,700	 	 	 	5,500	 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Australia	  	 	64,600	 	 	 	72,600	 	 	 	87,500	 	 	 	82,100	 	 				 	 	77,500	 	 	 	78,600	 	 	 	71,800	 	 	 	64,800	 	 				
Other International	  			 	 				 				 				 				 				 				 				 				 				
Flow (1)	  	 	5,600	 	 	 	7,100	 	 	 	7,900	 	 	 	8,000	 	 				 	 	7,400	 	 	 	7,200	 	 	 	6,400	 	 	 	5,800	 	 				
Bulk	  	 	700	 	 	 	800	 	 	 	800	 	 	 	800	 	 				 	 	700	 	 	 	700	 	 	 	900	 	 	 	1,100	 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Other International	  	 	6,300	 	 	 	7,900	 	 	 	8,700	 	 	 	8,800	 	 				 	 	8,100	 	 	 	7,900	 	 	 	7,300	 	 	 	6,900	 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total International Primary Risk In-force	  	$	130,900	 	 	$	148,000	 	 	$	164,100	 	 	$	155,700	 	 				 	$	151,400	 	 	$	146,800	 	 	$	131,600	 	 	$	113,600	 	 				

 
The loss and expense ratios included above are calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.
 
(1)	Includes the impact of settlements and cancelled insurance contracts, primarily with lenders in Europe.	

(2)	The ratio of incurred losses and loss adjustment expense to net premiums earned. In determining the pricing of our mortgage insurance products, we develop a pricing loss ratio which uses industry and company loss experience over a number of years, which incorporates both favorable and unfavorable economic environments, differing coverage levels and varying capital requirements. Actual results may vary from pricing loss ratios for a number of reasons, which include differing economic conditions and actual individual product and lender performance. New business pricing loss ratios for our international businesses are as follows: Canada 35%-40%, Australia 30%-40% and Europe 60%-65%.	

(3)	The ratio of an insurer’s general expenses to net premiums written. In our business, general expenses consist of acquisition and insurance expenses, net of deferrals, and amortization of DAC and intangibles and excludes reorganization expenses.	

(4)	Includes the impact of the adjustment referenced on page 36 related to the reclassification of guarantee fund fees from net investment income to acquisition and operating expenses, net of deferrals, in the third quarter of 2007.	

(5)	Our businesses in Australia, New Zealand and Canada currently provide 100% coverage on the majority of the loans we insure in those markets. For the purpose of representing our risk in-force, we have computed an “Effective Risk In-force” amount, which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in-force has been calculated by applying to insurance in-force a factor that represents our highest expected average per-claim payment for any one underwriting year over the life of our businesses in Australia, New Zealand and Canada. This factor was 35% for all periods presented.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures—International Mortgage Insurance—Canada
(dollar amounts in millions)

Primary Insurance	  	December 31, 2008	 	 	September 30, 2008	 	 	December 31, 2007	 	 	 	 	 	 	 	
Insured loans in-force	  	 	1,168,884	 	 	 	1,141,020	 	 	 	1,066,171	 	 			 				
Insured delinquent loans	  	 	2,940	 	 	 	2,517	 	 	 	2,046	 	 			 				
Insured delinquency rate	  	 	0.25	%	 	 	0.22	%	 	 	0.19	%	 			 				
						
Flow loans in-force	  	 	890,092	 	 	 	871,025	 	 	 	799,587	 	 			 				
Flow delinquent loans	  	 	2,680	 	 	 	2,298	 	 	 	1,877	 	 			 				
Flow delinquency rate	  	 	0.30	%	 	 	0.26	%	 	 	0.23	%	 			 				
						
Bulk loans in-force	  	 	278,792	 	 	 	269,995	 	 	 	266,584	 	 			 				
Bulk delinquent loans	  	 	260	 	 	 	219	 	 	 	169	 	 			 				
Bulk delinquency rate	  	 	0.09	%	 	 	0.08	%	 	 	0.06	%	 			 				
						
Loss Metrics	  	December 31, 2008	 	 	September 30, 2008	 	 	June 30, 2008	 	 	 	 	 	 	 	
Beginning Reserves	  	$	127	 	 	$	117	 	 	$	106	 	 			 				
Paid claims	  	 	(18	)	 	 	(21	)	 	 	(20	)	 			 				
Increase (decrease) in reserves	  	 	39	 	 	 	35	 	 	 	30	 	 			 				
Impact of changes in foreign exchange rates	  	 	(18	)	 	 	(4	)	 	 	1	 	 			 				
	  	 	 	 	 	 	 	 	 	 	 	 	 			 				
Ending Reserves	  	$	130	 	 	$	127	 	 	$	117	 	 			 				

   	  	December 31, 2008	 	 	September 30, 2008	 	 	December 31, 2007	 	
   	  	% of Primary Risk
In-force	 	 	Primary
Delinquency Rate	 	 	% of Primary Risk
In-force	 	 	Primary
Delinquency Rate	 	 	% of Primary Risk
In-force	 	
Ontario	  	 	48	%	 	 	0.25	%	 	 	48	%	 	0.22	%	 	 	50	%	
British Columbia	  	 	16	 	 	 	0.15	%	 	 	16	 	 	0.11	%	 	 	16	 	
Alberta	  	 	15	 	 	 	0.31	%	 	 	15	 	 	0.24	%	 	 	14	 	
Quebec	  	 	14	 	 	 	0.26	%	 	 	14	 	 	0.25	%	 	 	14	 	
Nova Scotia	  	 	2	 	 	 	0.29	%	 	 	2	 	 	0.26	%	 	 	2	 	
Saskatchewan	  	 	2	 	 	 	0.07	%	 	 	2	 	 	0.07	%	 	 	1	 	
Manitoba	  	 	1	 	 	 	0.10	%	 	 	1	 	 	0.12	%	 	 	1	 	
New Brunswick	  	 	1	 	 	 	0.24	%	 	 	1	 	 	0.23	%	 	 	1	 	
All Other	  	 	1	 	 	 	0.19	%	 	 	1	 	 	0.20	%	 	 	1	 	
	  	 	 	 	 				 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 	 	0.24	%	 	 	100	%	 	0.22	%	 	 	100	%	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2000 and Prior	  	 	8	%	 	 	0.04	%	 	 	9	%	 	0.04	%	 	 	10	%	
2001	  	 	3	 	 	 	0.06	%	 	 	3	 	 	0.04	%	 	 	3	 	
2002	  	 	5	 	 	 	0.07	%	 	 	5	 	 	0.07	%	 	 	6	 	
2003	  	 	7	 	 	 	0.12	%	 	 	7	 	 	0.11	%	 	 	8	 	
2004	  	 	10	 	 	 	0.20	%	 	 	10	 	 	0.20	%	 	 	11	 	
2005	  	 	11	 	 	 	0.28	%	 	 	11	 	 	0.27	%	 	 	13	 	
2006	  	 	13	 	 	 	0.49	%	 	 	14	 	 	0.45	%	 	 	16	 	
2007	  	 	27	 	 	 	0.42	%	 	 	28	 	 	0.33	%	 	 	33	 	
2008	  	 	16	 	 	 	0.11	%	 	 	13	 	 	0.06	%	 	 	—  	 	
	  	 	 	 	 				 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 	 	0.24	%	 	 	100	%	 	0.22	%	 	 	100	%	

Loan Amount (in CAD) (1)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Over $550K	  	 	3	%	 				 	 	3	%	 			 	 	2	%	
$400K to $550K	  	 	6	 	 				 	 	6	 	 			 	 	5	 	
$250K to $400K	  	 	27	 	 				 	 	26	 	 			 	 	25	 	
$100K to $250K	  	 	56	 	 				 	 	57	 	 			 	 	59	 	
$100K or Less	  	 	8	 	 				 	 	8	 	 			 	 	9	 	
	  	 	 	 	 				 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 				 	 	100	%	 			 	 	100	%	
	  	 	 	 	 				 	 	 	 	 			 	 	 	 	
Average Primary Loan Size (CAD in thousands) (1)	  	$	181	 	 				 	$	180	 	 			 	$	173	 	

(1)	Loan amount and size presented in Canadian dollars.	
 
40

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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures—International Mortgage Insurance—Australia
(dollar amounts in millions)

Primary Insurance	  	December 31, 2008	 	 	September 30, 2008	 	 	December 31, 2007	 	 	 	 	 	 	 	
Insured loans in-force	  	 	1,426,277	 	 	 	1,426,729	 	 	 	1,390,016	 	 			 				
Insured delinquent loans	  	 	5,675	 	 	 	5,121	 	 	 	4,671	 	 			 				
Insured delinquency rate	  	 	0.40	%	 	 	0.36	%	 	 	0.34	%	 			 				
						
Flow loans in-force	  	 	1,247,218	 	 	 	1,247,313	 	 	 	1,201,975	 	 			 				
Flow delinquent loans	  	 	5,573	 	 	 	5,018	 	 	 	4,611	 	 			 				
Flow delinquency rate	  	 	0.45	%	 	 	0.40	%	 	 	0.38	%	 			 				
						
Bulk loans in-force	  	 	179,059	 	 	 	179,416	 	 	 	188,041	 	 			 				
Bulk delinquent loans	  	 	102	 	 	 	103	 	 	 	60	 	 			 				
Bulk delinquency rate	  	 	0.06	%	 	 	0.06	%	 	 	0.03	%	 			 				
						
Loss Metrics	  	December 31, 2008	 	 	September 30, 2008	 	 	June 30, 2008	 	 	 	 	 	 	 	
Beginning Reserves	  	$	141	 	 	$	164	 	 	$	157	 	 			 				
Paid claims	  	 	(21	)	 	 	(31	)	 	 	(36	)	 			 				
Increase (decrease) in reserves	  	 	34	 	 	 	38	 	 	 	35	 	 			 				
Impact of changes in foreign exchange rates	  	 	(16	)	 	 	(30	)	 	 	8	 	 			 				
	  	 	 	 	 	 	 	 	 	 	 	 	 			 				
Ending Reserves	  	$	138	 	 	$	141	 	 	$	164	 	 			 				

   	  	December 31, 2008	 	 	September 30, 2008	 	 	December 31, 2007	 	
   	  	% of Primary Risk
In-force	 	 	Primary
Delinquency Rate	 	 	% of Primary Risk
In-force	 	 	Primary
Delinquency Rate	 	 	% of Primary Risk
In-force	 	
New South Wales	  	 	33	%	 	 	0.70	%	 	 	33	%	 	0.68	%	 	 	34	%	
Victoria	  	 	22	 	 	 	0.31	%	 	 	22	 	 	0.29	%	 	 	22	 	
Queensland	  	 	21	 	 	 	0.23	%	 	 	21	 	 	0.19	%	 	 	21	 	
Western Australia	  	 	10	 	 	 	0.19	%	 	 	10	 	 	0.15	%	 	 	9	 	
South Australia	  	 	5	 	 	 	0.23	%	 	 	5	 	 	0.18	%	 	 	5	 	
New Zealand	  	 	4	 	 	 	0.79	%	 	 	4	 	 	0.41	%	 	 	4	 	
Australian Capital Territory	  	 	2	 	 	 	0.09	%	 	 	2	 	 	0.07	%	 	 	2	 	
Tasmania	  	 	2	 	 	 	0.14	%	 	 	2	 	 	0.14	%	 	 	2	 	
Northern Territory	  	 	1	 	 	 	0.08	%	 	 	1	 	 	0.13	%	 	 	1	 	
	  	 	 	 	 				 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 	 	0.40	%	 	 	100	%	 	0.36	%	 	 	100	%	

By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2000 and Prior	  	 	10	%	 	 	0.02	%	 	 	10	%	 	0.03	%	 	 	10	%	
2001	  	 	3	 	 	 	0.06	%	 	 	3	 	 	0.05	%	 	 	4	 	
2002	  	 	6	 	 	 	0.11	%	 	 	6	 	 	0.11	%	 	 	7	 	
2003	  	 	7	 	 	 	0.25	%	 	 	8	 	 	0.25	%	 	 	9	 	
2004	  	 	9	 	 	 	0.56	%	 	 	10	 	 	0.55	%	 	 	11	 	
2005	  	 	13	 	 	 	0.74	%	 	 	14	 	 	0.59	%	 	 	16	 	
2006	  	 	17	 	 	 	0.79	%	 	 	18	 	 	0.65	%	 	 	21	 	
2007	  	 	19	 	 	 	0.57	%	 	 	19	 	 	0.43	%	 	 	22	 	
2008	  	 	16	 	 	 	0.14	%	 	 	12	 	 	0.08	%	 	 	—  	 	
	  	 	 	 	 				 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 	 	0.40	%	 	 	100	%	 	0.38	%	 	 	100	%	

Loan Amount (in AUD) (1)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Over $550K	  	 	10	%	 				 	 	10	%	 			 	 	9	%	
$400K to $550K	  	 	12	 	 				 	 	12	 	 			 	 	12	 	
$250K to $400K	  	 	33	 	 				 	 	33	 	 			 	 	32	 	
$100K to $250K	  	 	37	 	 				 	 	37	 	 			 	 	38	 	
$100K or Less	  	 	8	 	 				 	 	8	 	 			 	 	9	 	
	  	 	 	 	 				 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 				 	 	100	%	 			 	 	100	%	
	  	 	 	 	 				 	 	 	 	 			 	 	 	 	
Average Primary Loan Size (AUD in thousands) (1)	  	$	186	 	 				 	$	184	 	 			 	$	159	 	

(1)	Loan amount and size presented in Australian dollars.	
 
41

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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures—International Mortgage Insurance
(amounts in millions)

Risk In-force by Loan-To-Value Ratio (1)	  	December 31, 2008	  	September 30, 2008	
 	  	Primary	  	Flow	  	Bulk	  	Primary	  	Flow	  	Bulk	
Canada	  			  			  			  			  			  			
95.01% and above	  	$	19,683	  	$	19,683	  	$	—  	  	$	21,945	  	$	21,945	  	$	—  	
90.01% to 95.00%	  	 	15,889	  	 	15,887	  	 	2	  	 	18,029	  	 	18,026	  	 	2	
80.01% to 90.00%	  	 	10,620	  	 	9,875	  	 	745	  	 	11,988	  	 	11,268	  	 	720	
80.00% and below	  	 	13,835	  	 	1,835	  	 	12,000	  	 	15,503	  	 	2,082	  	 	13,422	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total Canada	  	$	60,027	  	$	47,280	  	$	12,747	  	$	67,465	  	$	53,321	  	$	14,144	

Australia	  			  			  			  			  			  			
95.01% and above	  	$	8,226	  	$	8,225	  	$	1	  	$	8,671	  	$	8,670	  	$	1	
90.01% to 95.00%	  	 	11,065	  	 	11,054	  	 	10	  	 	12,411	  	 	12,399	  	 	12	
80.01% to 90.00%	  	 	15,579	  	 	15,459	  	 	119	  	 	17,506	  	 	17,371	  	 	136	
80.00% and below	  	 	29,700	  	 	21,967	  	 	7,733	  	 	34,055	  	 	25,296	  	 	8,758	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total Australia	  	$	64,570	  	$	56,707	  	$	7,863	  	$	72,643	  	$	63,736	  	$	8,907	

Other International	  			  			  			  			  			  			
95.01% and above	  	$	1,669	  	$	1,659	  	$	9	  	$	2,381	  	$	2,327	  	$	54	
90.01% to 95.00%	  	 	2,416	  	 	2,299	  	 	117	  	 	2,888	  	 	2,760	  	 	128	
80.01% to 90.00%	  	 	1,993	  	 	1,460	  	 	533	  	 	2,369	  	 	1,827	  	 	542	
80.00% and below	  	 	225	  	 	159	  	 	66	  	 	236	  	 	161	  	 	75	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total Other International	  	$	6,303	  	$	5,578	  	$	725	  	$	7,874	  	$	7,075	  	$	799	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Amounts may not total due to rounding.

(1)	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
 
42

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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—Lifestyle Protection
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				 				
Premiums	  	$	303	 	  	$	342	 	 	$	375	 	 	$	362	 	 	$	1,382	 	 	$	347	 	 	$	364	 	 	$	314	 	 	$	320	 	 	$	1,345	 	
Net investment income	  	 	37	 	  	 	49	 	 	 	51	 	 	 	46	 	 	 	183	 	 	 	47	 	 	 	40	 	 	 	44	 	 	 	32	 	 	 	163	 	
Net investment gains (losses)	  	 	(4	) 	  	 	(27	)	 	 	(1	)	 	 	—  	 	 	 	(32	)	 	 	(2	)	 	 	(1	)	 	 	(2	)	 	 	—  	 	 	 	(5	)	
Insurance and investment product fees and other	  	 	2	 	  	 	6	 	 	 	6	 	 	 	10	 	 	 	24	 	 	 	6	 	 	 	7	 	 	 	7	 	 	 	5	 	 	 	25	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	338	 	  	 	370	 	 	 	431	 	 	 	418	 	 	 	1,557	 	 	 	398	 	 	 	410	 	 	 	363	 	 	 	357	 	 	 	1,528	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	69	 	  	 	49	 	 	 	76	 	 	 	72	 	 	 	266	 	 	 	60	 	 	 	60	 	 	 	51	 	 	 	58	 	 	 	229	 	
Acquisition and operating expenses, net of deferrals	  	 	191	 	  	 	200	 	 	 	216	 	 	 	200	 	 	 	807	 	 	 	199	 	 	 	218	 	 	 	183	 	 	 	181	 	 	 	781	 	
Amortization of deferred acquisition costs and intangibles	  	 	53	 	  	 	72	 	 	 	80	 	 	 	87	 	 	 	292	 	 	 	84	 	 	 	83	 	 	 	75	 	 	 	77	 	 	 	319	 	
Interest expense	  	 	5	 	  	 	18	 	 	 	8	 	 	 	6	 	 	 	37	 	 	 	7	 	 	 	5	 	 	 	10	 	 	 	3	 	 	 	25	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	318	 	  	 	339	 	 	 	380	 	 	 	365	 	 	 	1,402	 	 	 	350	 	 	 	366	 	 	 	319	 	 	 	319	 	 	 	1,354	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	20	 	  	 	31	 	 	 	51	 	 	 	53	 	 	 	155	 	 	 	48	 	 	 	44	 	 	 	44	 	 	 	38	 	 	 	174	 	
Provision for income taxes	  	 	2	 	  	 	8	 	 	 	3	 	 	 	15	 	 	 	28	 	 	 	13	 	 	 	15	 	 	 	10	 	 	 	9	 	 	 	47	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	18	 	  	 	23	 	 	 	48	 	 	 	38	 	 	 	127	 	 	 	35	 	 	 	29	 	 	 	34	 	 	 	29	 	 	 	127	 	
	 										
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	3	 	  	 	17	 	 	 	1	 	 	 	—  	 	 	 	21	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	3	 	
Expenses related to reorganization, net of taxes	  	 	4	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1)	  	$	25	 	  	$	40	 	 	$	49	 	 	$	38	 	 	$	152	 	 	$	36	 	 	$	30	 	 	$	35	 	 	$	29	 	 	$	130	 	

Effective tax rate (operating income)	  	 	18.9	%	  	 	27.6	%	 	 	8.7	%	 	 	28.2	%	 	 	21.2	%	 	 	27.8	%	 	 	35.1	%	 	 	23.3	%	 	 	22.8	%	 	 	27.5	%	
											
SALES:	  				  				 				 				 				 				 				 				 				 				
Lifestyle Protection	  				  				 				 				 				 				 				 				 				 				
Traditional indemnity premiums	  	$	306	 	  	$	333	 	 	$	390	 	 	$	334	 	 	$	1,363	 	 	$	362	 	 	$	378	 	 	$	584	 	 	$	364	 	 	$	1,688	 	
Premium equivalents for administrative services only business	  	 	11	 	  	 	20	 	 	 	30	 	 	 	35	 	 	 	96	 	 	 	33	 	 	 	44	 	 	 	40	 	 	 	50	 	 	 	167	 	
Reinsurance premiums assumed accounted for under the deposit method	  	 	148	 	  	 	260	 	 	 	301	 	 	 	270	 	 	 	979	 	 	 	253	 	 	 	232	 	 	 	244	 	 	 	172	 	 	 	901	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Lifestyle Protection (2)	  	 	465	 	  	 	613	 	 	 	721	 	 	 	639	 	 	 	2,438	 	 	 	648	 	 	 	654	 	 	 	868	 	 	 	586	 	 	 	2,756	 	
Mexico operations	  	 	19	 	  	 	23	 	 	 	20	 	 	 	21	 	 	 	83	 	 	 	22	 	 	 	19	 	 	 	18	 	 	 	19	 	 	 	78	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	484	 	  	$	636	 	 	$	741	 	 	$	660	 	 	$	2,521	 	 	$	670	 	 	$	673	 	 	$	886	 	 	$	605	 	 	$	2,834	 	

SALES BY REGION:	  				  				 				 				 				 				 				 				 				 				
Lifestyle Protection	  				  				 				 				 				 				 				 				 				 				
Established European Regions	  				  				 				 				 				 				 				 				 				 				
Western region	  	$	61	 	  	$	88	 	 	$	120	 	 	$	130	 	 	$	399	 	 	$	129	 	 	$	173	 	 	$	175	 	 	$	198	 	 	$	675	 	
Central region	  	 	138	 	  	 	153	 	 	 	182	 	 	 	153	 	 	 	626	 	 	 	150	 	 	 	157	 	 	 	146	 	 	 	122	 	 	 	575	 	
Southern region	  	 	101	 	  	 	140	 	 	 	174	 	 	 	137	 	 	 	552	 	 	 	152	 	 	 	127	 	 	 	145	 	 	 	112	 	 	 	536	 	
Nordic region	  	 	63	 	  	 	82	 	 	 	97	 	 	 	85	 	 	 	327	 	 	 	78	 	 	 	73	 	 	 	77	 	 	 	68	 	 	 	296	 	
New Markets	  	 	33	 	  	 	71	 	 	 	63	 	 	 	56	 	 	 	223	 	 	 	61	 	 	 	50	 	 	 	43	 	 	 	34	 	 	 	188	 	
Structured Deals (3)	  	 	69	 	  	 	79	 	 	 	85	 	 	 	78	 	 	 	311	 	 	 	78	 	 	 	74	 	 	 	282	 	 	 	52	 	 	 	486	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Lifestyle Protection	  	 	465	 	  	 	613	 	 	 	721	 	 	 	639	 	 	 	2,438	 	 	 	648	 	 	 	654	 	 	 	868	 	 	 	586	 	 	 	2,756	 	
Mexico operations	  	 	19	 	  	 	23	 	 	 	20	 	 	 	21	 	 	 	83	 	 	 	22	 	 	 	19	 	 	 	18	 	 	 	19	 	 	 	78	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	484	 	  	$	636	 	 	$	741	 	 	$	660	 	 	$	2,521	 	 	$	670	 	 	$	673	 	 	$	886	 	 	$	605	 	 	$	2,834	 	

 

(1)	Net operating income adjusted for foreign exchange for our lifestyle protection business was $30 million and $143 million for the three and twelve months ended December 31, 2008, respectively.	
 
(2)	Sales adjusted for foreign exchange for our lifestyle protection business was $532 million and $2,345 million for the three and twelve months ended December 31, 2008, respectively.	
 
(3)	Structured deals represent in-force blocks of business acquired through reinsurance arrangements and ongoing reciprocal arrangements in place with certain clients.	
 
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U.S. Mortgage Insurance
 
44

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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	182	 	 	$	185	 	 	$	190	 	 	$	183	 	 	$	740	 	 	$	171	 	 	$	159	 	 	$	148	 	 	$	137	 	 	$	615	 	
Net investment income	  	 	33	 	 	 	36	 	 	 	36	 	 	 	37	 	 	 	142	 	 	 	36	 	 	 	38	 	 	 	36	 	 	 	37	 	 	 	147	 	
Net investment gains (losses)	  	 	(15	) 	 	 	(45	)	 	 	1	 	 	 	1	 	 	 	(58	)	 	 	5	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	6	 	
Insurance and investment product fees and other	  	 	4	 	 	 	4	 	 	 	11	 	 	 	8	 	 	 	27	 	 	 	12	 	 	 	8	 	 	 	10	 	 	 	7	 	 	 	37	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	204	 	 	 	180	 	 	 	238	 	 	 	229	 	 	 	851	 	 	 	224	 	 	 	206	 	 	 	194	 	 	 	181	 	 	 	805	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	366	 	 	 	301	 	 	 	295	 	 	 	259	 	 	 	1,221	 	 	 	186	 	 	 	123	 	 	 	60	 	 	 	52	 	 	 	421	 	
Acquisition and operating expenses, net of deferrals	  	 	32	 	 	 	33	 	 	 	36	 	 	 	37	 	 	 	138	 	 	 	35	 	 	 	30	 	 	 	34	 	 	 	32	 	 	 	131	 	
Amortization of deferred acquisition costs and intangibles	  	 	14	 	 	 	68	 	 	 	11	 	 	 	9	 	 	 	102	 	 	 	7	 	 	 	10	 	 	 	8	 	 	 	8	 	 	 	33	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	412	 	 	 	402	 	 	 	342	 	 	 	305	 	 	 	1,461	 	 	 	228	 	 	 	163	 	 	 	102	 	 	 	92	 	 	 	585	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(208	)	 	 	(222	)	 	 	(104	)	 	 	(76	)	 	 	(610	)	 	 	(4	)	 	 	43	 	 	 	92	 	 	 	89	 	 	 	220	 	
Provision (benefit) for income taxes	  	 	(83	)	 	 	(73	)	 	 	(45	)	 	 	(41	)	 	 	(242	)	 	 	(4	)	 	 	3	 	 	 	26	 	 	 	24	 	 	 	49	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(125	)	 	 	(149	)	 	 	(59	)	 	 	(35	)	 	 	(368	)	 	 	—  	 	 	 	40	 	 	 	66	 	 	 	65	 	 	 	171	 	
	 										
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	11	 	 	 	28	 	 	 	—  	 	 	 	(1	)	 	 	38	 	 	 	(3	)	 	 	(1	)	 	 	—  	 	 	 	—  	 	 	 	(4	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(114	)	 	$	(121	)	 	$	(59	)	 	$	(36	)	 	$	(330	)	 	$	(3	)	 	$	39	 	 	$	66	 	 	$	65	 	 	$	167	 	

Effective tax rate (operating income (loss))	  	 	40.1	%	 	 	32.2	%	 	 	43.4	%	 	 	53.9	%	 	 	40.1	%	 	 	65.2	%	 	 	7.1	%	 	 	28.2	%	 	 	27.1	%	 	 	22.0	%	
											
SALES:	  				 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				 				 				
Flow	  	$	3,200	 	 	$	6,200	 	 	$	14,000	 	 	$	15,000	 	 	$	38,400	 	 	$	16,000	 	 	$	13,200	 	 	$	10,800	 	 	$	6,900	 	 	$	46,900	 	
Bulk	  	 	200	 	 	 	100	 	 	 	400	 	 	 	100	 	 	 	800	 	 	 	2,200	 	 	 	2,800	 	 	 	11,100	 	 	 	6,100	 	 	 	22,200	 	
Pool	  	 	100	 	 	 	200	 	 	 	200	 	 	 	100	 	 	 	600	 	 	 	100	 	 	 	100	 	 	 	200	 	 	 	100	 	 	 	500	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Mortgage NIW	  	$	3,500	 	 	$	6,500	 	 	$	14,600	 	 	$	15,200	 	 	$	39,800	 	 	$	18,300	 	 	$	16,100	 	 	$	22,100	 	 	$	13,100	 	 	$	69,600	 	

 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Growth Metrics—U.S. Mortgage Insurance
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Net Premiums Written	  	$	184	 	  	$	193	 	 	$	214	 	 	$	202	 	 	$	793	 	 	$	188	 	 	$	167	 	 	$	152	 	 	$	140	 	 	$	647	 	
New Risk Written	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	713	 	  	$	1,475	 	 	$	3,465	 	 	$	3,768	 	 	$	9,421	 	 	$	4,117	 	 	$	3,330	 	 	$	2,658	 	 	$	1,695	 	 	$	11,800	 	
Bulk (1)	  	 	16	 	  	 	10	 	 	 	25	 	 	 	4	 	 	 	55	 	 	 	42	 	 	 	62	 	 	 	320	 	 	 	195	 	 	 	619	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	729	 	  	 	1,485	 	 	 	3,490	 	 	 	3,772	 	 	 	9,476	 	 	 	4,159	 	 	 	3,392	 	 	 	2,978	 	 	 	1,890	 	 	 	12,419	 	
Pool	  	 	6	 	  	 	7	 	 	 	7	 	 	 	5	 	 	 	25	 	 	 	6	 	 	 	5	 	 	 	7	 	 	 	3	 	 	 	21	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total New Risk Written	  	$	735	 	  	$	1,492	 	 	$	3,497	 	 	$	3,777	 	 	$	9,501	 	 	$	4,165	 	 	$	3,397	 	 	$	2,985	 	 	$	1,893	 	 	$	12,440	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Primary Insurance In-force	  	$	162,500	 	  	$	175,300	 	 	$	174,900	 	 	$	166,700	 	 				 	$	157,600	 	 	$	144,800	 	 	$	135,500	 	 	$	120,500	 	 				
Risk In-force	  			 	  				 				 				 				 				 				 				 				 				
Flow	  	$	34,950	 	  	$	35,169	 	 	$	34,667	 	 	$	32,398	 	 				 	$	29,817	 	 	$	26,687	 	 	$	24,442	 	 	$	23,013	 	 				
Bulk (1)	  	 	872	 	  	 	1,344	 	 	 	1,371	 	 	 	1,355	 	 				 	 	1,361	 	 	 	1,323	 	 	 	1,268	 	 	 	952	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	  	 	35,822	 	  	 	36,513	 	 	 	36,038	 	 	 	33,753	 	 				 	 	31,178	 	 	 	28,010	 	 	 	25,710	 	 	 	23,965	 	 				
Pool	  	 	363	 	  	 	374	 	 	 	381	 	 	 	383	 	 				 	 	393	 	 	 	414	 	 	 	428	 	 	 	436	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-force	  	$	36,185	 	  	$	36,887	 	 	$	36,419	 	 	$	34,136	 	 				 	$	31,571	 	 	$	28,424	 	 	$	26,138	 	 	$	24,401	 	 				

Other Metrics—U.S. Mortgage Insurance	  				  				 				 				 				 				 				 				 				 				
	 										
GAAP Basis Expense Ratio (2)	  	 	25	%	  	 	55	%	 	 	25	%	 	 	25	%	 	 	33	%	 	 	25	%	 	 	25	%	 	 	28	%	 	 	29	%	 	 	27	%	
Adjusted Expense Ratio (3)	  	 	25	%	  	 	53	%	 	 	22	%	 	 	23	%	 	 	30	%	 	 	23	%	 	 	24	%	 	 	27	%	 	 	29	%	 	 	25	%	
Flow Persistency	  	 	89	%	  	 	88	%	 	 	85	%	 	 	83	%	 				 	 	85	%	 	 	82	%	 	 	78	%	 	 	78	%	 				
Gross written premiums ceded to captives/total direct written premiums	  	 	21	%	  	 	21	%	 	 	20	%	 	 	20	%	 				 	 	21	%	 	 	21	%	 	 	22	%	 	 	22	%	 				
Risk to Capital Ratio (4)	  	 	14.3:1	 	  	 	14.8:1	 	 	 	13.2:1	 	 	 	12.4:1	 	 				 	 	11.3:1	 	 	 	9.2:1	 	 	 	8.8:1	 	 	 	8.8:1	 	 				
	  				  				 				 				 				 				 				 				 				 				
Average primary loan size (in thousands)	  	$	164	 	  	$	170	 	 	$	169	 	 	$	166	 	 				 	$	164	 	 	$	160	 	 				 				 				
Primary risk in-force subject to captives	  	 	53	%	  	 	53	%	 	 	55	%	 	 	58	%	 				 	 	60	%	 	 	61	%	 				 				 				
Primary risk in-force that is GSE conforming	  	 	96	%	  	 	95	%	 	 	95	%	 	 	95	%	 				 	 	95	%	 	 	95	%	 				 				 				
Primary interest only risk in-force with initial reset > 5 years	  	 	95	%	  	 	95	%	 	 	95	%	 	 	94	%	 				 	 	94	%	 	 	93	%	 				 				 				
Primary risk in-force with potential to reset in 2008 (5)	  	 	N/A	 	  	 	1.1	%	 	 	1.3	%	 	 	1.4	%	 				 	 	1.6	%	 	 	2.0	%	 				 				 				
Primary risk in-force with potential to reset in 2009 (5)	  	 	1.2	%	  	 	1.3	%	 	 	1.4	%	 	 	1.6	%	 				 	 	—  	%	 	 	—  	%	 				 				 				
Primary risk in-force with potential to reset in 2010 (5)	  	 	1.4	%	  				 				 				 				 				 				 				 				 				
 
The expense ratios included above are calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.
(1)	The amounts previously presented for new risk written and risk in-force have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where the counterparty is in a first loss position.	

(2)	The ratio of an insurer’s general expenses to net premiums earned. In our business, general expenses consist of acquisition and insurance expenses (net of deferrals) and amortization of DAC and intangibles.	

(3)	The ratio of an insurer’s general expenses to net written premiums. In our business, general expenses consist of acquisition and insurance expenses (net of deferrals) and amortization of DAC and intangibles and excludes reorganization expenses.	

(4)	Certain states limit a private mortgage insurer’s risk in-force to 25 times the total of the insurer’s policyholders’ surplus plus the statutory contingent reserve, commonly known as the “risk to capital” requirement. The risk to capital ratio for our U.S. mortgage insurance business was computed as of the beginning of the period indicated. In December 2008, we received regulatory approval to change the calculation of our risk to capital ratio, thereby allowing us to calculate statutory risk as risk in-force less the risk ceded to our captive participants. This change is reflected in the risk to capital ratio beginning in 4Q 2008. Risk to capital ratios for prior periods were not recalculated.	

(5)	Represents < 5 year adjustable rate mortgages excluding option ARMs.	
 
46

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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Loss Metrics—U.S. Mortgage Insurance
(dollar amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Paid Claims	  			 	 				 				 				 				 				 				 				 				 				
Flow	  	$	171	 	 	$	131	 	 	$	89	 	 	$	79	 	 	$	470	 	 	$	64	 	 	$	49	 	 	$	40	 	 	$	38	 	 	$	191	 	
Bulk	  	 	1	 	 	 	1	 	 	 	3	 	 	 	5	 	 	 	10	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	172	 	 	 	132	 	 	 	92	 	 	 	84	 	 	 	480	 	 	 	65	 	 	 	49	 	 	 	41	 	 	 	38	 	 	 	193	 	
Pool	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	173	 	 	$	132	 	 	$	92	 	 	$	84	 	 	$	481	 	 	$	65	 	 	$	49	 	 	$	41	 	 	$	38	 	 	$	193	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Average Paid Claim (in thousands)	  	$	52.3	 	 	$	48.6	 	 	$	42.9	 	 	$	42.4	 	 				 	$	39.2	 	 	$	35.8	 	 	$	32.5	 	 	$	32.2	 	 				
Number of Primary Delinquencies	  			 	 				 				 				 				 				 				 				 				 				
Flow	  	 	72,166	 	 	 	57,985	 	 	 	46,700	 	 	 	38,316	 	 				 	 	35,489	 	 	 	27,609	 	 	 	22,970	 	 	 	21,804	 	 				
Bulk loans with established reserve	  	 	4,450	 	 	 	6,038	 	 	 	4,475	 	 	 	3,768	 	 				 	 	2,404	 	 	 	1,338	 	 	 	881	 	 	 	554	 	 				
Bulk loans with no reserve (1)	  	 	6,761	 	 	 	7,535	 	 	 	6,630	 	 	 	4,442	 	 				 	 	3,066	 	 	 	1,809	 	 	 	1,205	 	 	 	1,012	 	 				
	 										
Average Reserve Per Delinquency (in thousands)	  			 	 				 				 				 				 				 				 				 				 				
Flow	  	$	21.5	 	 	$	20.5	 	 	$	19.1	 	 	$	15.8	 	 				 	$	12.4	 	 	$	12.0	 	 	$	11.4	 	 	$	11.3	 	 				
Bulk loans with established reserve	  	 	10.8	 	 	 	19.8	 	 	 	18.2	 	 	 	14.9	 	 				 	 	11.5	 	 	 	10.2	 	 	 	7.4	 	 	 	6.1	 	 				
Bulk loans with no reserve (1)	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 				 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 				
	 										
Beginning Reserves	  	$	1,312	 	 	$	973	 	 	$	661	 	 	$	467	 	 	$	467	 	 	$	345	 	 	$	270	 	 	$	251	 	 	$	237	 	 	$	237	 	
Paid claims	  	 	(173	)  	 	 	(132	)	 	 	(92	)	 	 	(84	)	 	 	(481	)	 	 	(65	)	 	 	(49	)	 	 	(41	)	 	 	(38	)	 	 	(193	)	
Increase (decrease) in reserves	  	 	572	 	 	 	471	 	 	 	404	 	 	 	278	 	 	 	1,725	 	 	 	187	 	 	 	124	 	 	 	60	 	 	 	52	 	 	 	423	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	1,711	 	 	$	1,312	 	 	$	973	 	 	$	661	 	 	$	1,711	 	 	$	467	 	 	$	345	 	 	$	270	 	 	$	251	 	 	$	467	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Captive Reinsurance Recoverable (2) 	  	$	505	 	 	$	300	 	 	$	131	 	 	$	21	 	 				 	$	2	 	 	$	1	 	 	$	1	 	 	$	1	 	 				
Loss Ratio (3) 	  	 	200	%	 	 	163	%	 	 	155	%	 	 	142	%	 	 	165	%	 	 	109	%	 	 	78	%	 	 	41	%	 	 	38	%	 	 	68	%	
 
The loss ratio included above is calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.
(1)	Reserves are not established on loans where we were in a secondary loss position due to an existing deductible and we believe currently have no risk for claim.	

(2)	Reinsurance recoverable includes amounts for book years of business that have reached specified captive attachment levels under non-quota share captive reinsurance arrangements. These amounts do not include captive benefit and paid claim recoveries under quota share and non-captive reinsurance arrangements or any ceded unearned premium recoveries.	

(3)	The ratio of incurred losses and loss adjustment expense to net premiums earned.	
 
47

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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Portfolio Quality Metrics—U.S. Mortgage Insurance

   	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	
Risk In-force by Credit Quality (1)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Primary by FICO Scores >679 (%)	  	63	% 	 	63	%	 	62	%	 	60	%	 	59	%	 	59	%	 	59	%	 	60	%	
Primary by FICO Scores 620-679	  	29	%	 	29	%	 	30	%	 	31	%	 	32	%	 	32	%	 	32	%	 	32	%	
Primary by FICO Scores 575-619	  	6	%	 	6	%	 	6	%	 	7	%	 	7	%	 	7	%	 	7	%	 	6	%	
Primary by FICO Scores <575	  	2	%	 	2	%	 	2	%	 	2	%	 	2	%	 	2	%	 	2	%	 	2	%	
	 								
Flow by FICO Scores >679 (%)	  	62	%	 	62	%	 	60	%	 	59	%	 	58	%	 	58	%	 	58	%	 	58	%	
Flow by FICO Scores 620-679	  	30	%	 	30	%	 	31	%	 	32	%	 	33	%	 	33	%	 	33	%	 	33	%	
Flow by FICO Scores 575-619	  	6	%	 	6	%	 	7	%	 	7	%	 	7	%	 	7	%	 	7	%	 	7	%	
Flow by FICO Scores <575	  	2	%	 	2	%	 	2	%	 	2	%	 	2	%	 	2	%	 	2	%	 	2	%	
	 								
Bulk by FICO Scores >679 (%)	  	83	%	 	84	%	 	84	%	 	84	%	 	83	%	 	83	%	 	84	%	 	83	%	
Bulk by FICO Scores 620-679	  	15	%	 	14	%	 	14	%	 	14	%	 	15	%	 	15	%	 	14	%	 	15	%	
Bulk by FICO Scores 575-619	  	1	%	 	1	%	 	1	%	 	1	%	 	1	%	 	1	%	 	1	%	 	1	%	
Bulk by FICO Scores <575	  	1	%	 	1	%	 	1	%	 	1	%	 	1	%	 	1	%	 	1	%	 	1	%	
	 								
Primary A minus	  	6	%	 	6	%	 	6	%	 	7	%	 	7	%	 	7	%	 	6	%	 	6	%	
Sub-prime (2)	  	5	%	 	5	%	 	6	%	 	6	%	 	6	%	 	6	%	 	6	%	 	6	%	
	 								
Primary Loans	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Insured loans in-force	  	990,357	 	 	1,033,789	 	 	1,034,697	 	 	1,001,430	 	 	963,218	 	 	905,412	 	 	858,550	 	 	800,110	 	
Insured delinquent loans	  	83,377	 	 	71,558	 	 	57,805	 	 	46,526	 	 	40,959	 	 	30,756	 	 	25,056	 	 	23,370	 	
Insured delinquency rate	  	8.42	%	 	6.92	%	 	5.59	%	 	4.65	%	 	4.25	%	 	3.40	%	 	2.92	%	 	2.92	%	
	 								
Flow loans in-force	  	846,645	 	 	854,465	 	 	849,292	 	 	812,061	 	 	769,481	 	 	715,970	 	 	674,730	 	 	646,004	 	
Flow delinquent loans	  	72,166	 	 	57,985	 	 	46,700	 	 	38,316	 	 	35,489	 	 	27,609	 	 	22,970	 	 	21,804	 	
Flow delinquency rate	  	8.52	%	 	6.79	%	 	5.50	%	 	4.72	%	 	4.61	%	 	3.86	%	 	3.40	%	 	3.38	%	
	 								
Bulk loans in-force	  	143,712	 	 	179,324	 	 	185,405	 	 	189,369	 	 	193,737	 	 	189,442	 	 	183,820	 	 	154,106	 	
Bulk delinquent loans	  	11,211	 	 	13,573	 	 	11,105	 	 	8,210	 	 	5,470	 	 	3,147	 	 	2,086	 	 	1,566	 	
Bulk delinquency rate	  	7.80	%	 	7.57	%	 	5.99	%	 	4.34	%	 	2.82	%	 	1.66	%	 	1.13	%	 	1.02	%	
	 								
A minus and sub-prime loans in-force	  	104,845	 	 	108,028	 	 	110,979	 	 	112,383	 	 	109,262	 	 	100,512	 	 	89,023	 	 	79,405	 	
A minus and sub-prime delinquent loans	  	23,047	 	 	19,583	 	 	16,171	 	 	13,254	 	 	12,863	 	 	9,632	 	 	7,646	 	 	6,875	 	
A minus and sub-prime delinquency rate	  	21.98	%	 	18.13	%	 	14.57	%	 	11.79	%	 	11.77	%	 	9.58	%	 	8.59	%	 	8.66	%	
	 								
Pool Loans	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Insured loans in-force	  	21,940	 	 	21,233	 	 	20,266	 	 	19,536	 	 	19,081	 	 	21,118	 	 	20,653	 	 	20,074	 	
Pool delinquent loans	  	568	 	 	509	 	 	464	 	 	415	 	 	428	 	 	442	 	 	398	 	 	415	 	
Pool delinquency rate	  	2.59	%	 	2.40	%	 	2.29	%	 	2.12	%	 	2.24	%	 	2.09	%	 	1.93	%	 	2.07	%	

(1)	Loans with unknown FICO scores are included in the 620-679 category	

(2)	Excluding loans classified as A minus	
 
48

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Portfolio Quality Metrics—U.S. Mortgage Insurance

 	  	December 31, 2008	 	 	September 30, 2008	 	 	December 31, 2007 	 	
 	  	% of Primary
Risk In-force	 	 	Primary
Delinquency Rate	 	 	% of Primary
Risk In-force	 	 	Primary
Delinquency Rate	 	 	% of Primary
Risk In-force (a)	 	 	Primary
Delinquency Rate	 	
By Region	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Southeast (1)	  	23	%	 	11.73	%	 	23	%	 	9.35	%	 	24	%	 	5.48	%	
South Central (2)	  	17	 	 	7.27	%	 	17	 	 	5.70	%	 	17	 	 	3.63	%	
Northeast (3)	  	13	 	 	6.72	%	 	13	 	 	5.55	%	 	13	 	 	3.99	%	
North Central (4)	  	12	 	 	6.90	%	 	11	 	 	5.68	%	 	12	 	 	3.71	%	
Pacific (5)	  	11	 	 	10.77	%	 	12	 	 	9.17	%	 	10	 	 	3.51	%	
Great Lakes (6)	  	8	 	 	8.16	%	 	8	 	 	7.13	%	 	9	 	 	5.60	%	
Plains (7)	  	6	 	 	4.72	%	 	6	 	 	3.86	%	 	6	 	 	2.87	%	
Mid-Atlantic (8)	  	5	 	 	7.03	%	 	5	 	 	5.90	%	 	5	 	 	3.23	%	
New England (9)	  	5	 	 	7.03	%	 	5	 	 	5.70	%	 	4	 	 	3.81	%	
	  	 	 	 			 	 	 	 			 	 	 	 			
Total	  	100	%	 	8.42	%	 	100	%	 	6.92	%	 	100	%	 	4.25	%	

By State	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Florida	  	8	%	 	20.94	%	 	8	%	 	16.10	%	 	9	%	 	7.04	%	
Texas	  	7	%	 	6.25	%	 	7	%	 	4.86	%	 	7	%	 	3.80	%	
New York	  	6	%	 	5.26	%	 	6	%	 	4.29	%	 	6	%	 	3.18	%	
California	  	5	%	 	13.36	%	 	6	%	 	11.88	%	 	5	%	 	4.24	%	
Illinois	  	5	%	 	8.92	%	 	5	%	 	6.88	%	 	5	%	 	4.06	%	
North Carolina	  	4	%	 	6.74	%	 	4	%	 	5.28	%	 	4	%	 	4.16	%	
Georgia	  	4	%	 	10.21	%	 	4	%	 	7.93	%	 	4	%	 	5.91	%	
Pennsylvania	  	4	%	 	6.97	%	 	4	%	 	5.92	%	 	4	%	 	4.73	%	
New Jersey	  	4	%	 	9.52	%	 	4	%	 	7.62	%	 	3	%	 	4.51	%	
Arizona	  	3	%	 	13.31	%	 	3	%	 	10.13	%	 	3	%	 	3.77	%	

 	(1)	Alabama, Arkansas, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee	

 	(2)	Arizona, Colorado, Louisiana, New Mexico, Oklahoma, Texas and Utah	

 	(3)	New Jersey, New York and Pennsylvania	

 	(4)	Illinois, Minnesota, Missouri and Wisconsin	

 	(5)	Alaska, California, Hawaii, Nevada, Oregon and Washington	

 	(6)	Indiana, Kentucky, Michigan and Ohio	

 	(7)	Idaho, Iowa, Kansas, Montana, Nebraska, North Dakota, South Dakota and Wyoming	

 	(8)	Delaware, Maryland, Virginia, Washington D.C. and West Virginia	

 	(9)	Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont	
 
(a)	The December 31, 2007 amounts previously presented have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where the counterparty was in a first loss position.	
 
49

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Portfolio Quality Metrics—U.S. Mortgage Insurance
(amounts in millions)

Primary Risk In-force:	  	December 31,
2008	  	% of
Total	 	 	September 30,
2008	  	% of
Total	 	 	December 31,
2007 (3)	  	% of
Total	 	
Lender concentration (by original applicant)	  	$	35,822	  			 	$	36,513	  			 	$	31,178	  			
Top 10 lenders	  	 	17,639	  			 	 	18,244	  			 	 	12,948	  			
Top 20 lenders	  	 	21,140	  			 	 	21,776	  			 	 	16,781	  			
							
Loan-to-value ratio	  			  			 			  			 			  			
95.01% and above	  	$	9,084	  	25	%	 	$	9,271	  	25	%	 	$	8,845	  	28	%	
90.01% to 95.00%	  	 	12,247	  	34	 	 	 	12,331	  	34	 	 	 	9,995	  	32	 	
80.01% to 90.00%	  	 	13,691	  	39	 	 	 	13,886	  	38	 	 	 	11,078	  	36	 	
80.00% and below	  	 	800	  	2	 	 	 	1,025	  	3	 	 	 	1,260	  	4	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	35,822	  	100	%	 	$	36,513	  	100	%	 	$	31,178	  	100	%	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Loan grade	  			  			 			  			 			  			
Prime	  	$	31,838	  	89	%	 	$	32,401	  	89	%	 	$	27,114	  	87	%	
A minus and sub-prime	  	 	3,984	  	11	 	 	 	4,112	  	11	 	 	 	4,064	  	13	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	35,822	  	100	%	 	$	36,513	  	100	%	 	$	31,178	  	100	%	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Loan type (1)	  			  			 			  			 			  			
First Mortgages	  			  			 			  			 			  			
Fixed rate mortgage	  			  			 			  			 			  			
Flow	  	$	33,928	  	95	%	 	$	34,097	  	93	%	 	$	28,616	  	92	%	
Bulk	  	 	779	  	2	 	 	 	756	  	2	 	 	 	745	  	2	 	
Adjustable rate mortgage	  			  			 			  			 			  			
Flow	  	 	1,022	  	3	 	 	 	1,072	  	3	 	 	 	1,201	  	4	 	
Bulk	  	 	93	  	—  	 	 	 	588	  	2	 	 	 	616	  	2	 	
Second Mortgages	  	 	—  	  	—  	 	 	 	—  	  	—  	 	 	 	—  	  	—  	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	35,822	  	100	%	 	$	36,513	  	100	%	 	$	31,178	  	100	%	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Type of documentation	  			  			 			  			 			  			
Alt-A	  			  			 			  			 			  			
Flow	  	$	1,359	  	4	%	 	$	1,415	  	4	%	 	$	1,566	  	5	%	
Bulk	  	 	324	  	1	 	 	 	336	  	1	 	 	 	337	  	1	 	
Standard (2)	  			  			 			  			 			  			
Flow	  	 	33,591	  	94	 	 	 	33,754	  	92	 	 	 	28,251	  	91	 	
Bulk	  	 	548	  	1	 	 	 	1,008	  	3	 	 	 	1,024	  	3	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	35,822	  	100	%	 	$	36,513	  	100	%	 	$	31,178	  	100	%	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Mortgage term	  			  			 			  			 			  			
15 years and under	  	$	428	  	1	%	 	$	434	  	1	%	 	$	354	  	1	%	
More than 15 years	  	 	35,394	  	99	 	 	 	36,079	  	99	 	 	 	30,824	  	99	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	35,822	  	100	%	 	$	36,513	  	100	%	 	$	31,178	  	100	%	

(1)	For loan type in this table, any loan with an interest rate that is fixed for an initial term of five years or more is categorized as a fixed rate mortgage.	

(2)	Standard includes loans with reduced or different documentation requirements that meet specifications of GSE approved underwriting systems with historical and expected delinquency rates consistent with our standard portfolio.	

(3)	The December 31, 2007 amounts previously presented have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where the counterparty was in a first loss position.	
 
50

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Portfolio Quality Metrics—U.S. Mortgage Insurance
(amounts in millions)

 	  	As of December 31, 2008	 	
Policy Year	  	Average Rate	 	 	Primary Insurance
In-force	 	 	Percent of Total	 	 	Primary Risk
In-force	  	Percent of Total	 	
1997 and Prior	  	8.21	%	 	$	1,422	 	 	0.9	%	 	$	359	  	1.0	%	
1998	  	7.16	%	 	 	656	 	 	0.4	 	 	 	174	  	0.5	 	
1999	  	7.32	%	 	 	804	 	 	0.5	 	 	 	202	  	0.6	 	
2000	  	8.16	%	 	 	533	 	 	0.3	 	 	 	130	  	0.4	 	
2001	  	7.41	%	 	 	1,765	 	 	1.1	 	 	 	449	  	1.3	 	
2002	  	6.60	%	 	 	4,380	 	 	2.7	 	 	 	1,087	  	3.0	 	
2003	  	5.64	%	 	 	17,667	 	 	10.9	 	 	 	2,940	  	8.2	 	
2004	  	5.86	%	 	 	9,707	 	 	6.0	 	 	 	2,111	  	5.9	 	
2005	  	5.98	%	 	 	14,718	 	 	9.1	 	 	 	3,668	  	10.2	 	
2006	  	6.56	%	 	 	23,740	 	 	14.6	 	 	 	4,988	  	13.9	 	
2007	  	6.67	%	 	 	49,315	 	 	30.3	 	 	 	10,579	  	29.5	 	
2008	  	6.23	%	 	 	37,751	 	 	23.2	 	 	 	9,135	  	25.5	 	
	  			 	 	 	 	 	 	 	 	 	 	  	 	 	
Total	  			 	$	162,458	 	 	100.0	%	 	$	35,822	  	100.0	%	

Occupancy and Property Type	  	As of
December 31,
2008	 	 	As of
September 30,
2008	 	 	 	 	 	 	  	 	 	
Occupancy Status % of Primary Risk In-force	  			 				 			 			  			
Primary residence	  	92.9	%	 	 	92.7	%	 			 			  			
Second home	  	4.2	 	 	 	4.2	 	 			 			  			
Non-owner occupied	  	2.9	 	 	 	3.1	 	 			 			  			
	  	 	 	 	 	 	 	 			 			  			
Total	  	100.0	%	 	 	100.0	%	 			 			  			
	  	 	 	 	 	 	 	 			 			  			
Property Type % of Primary Risk In-force	  			 				 			 			  			
Single family detached	  	85.6	%	 	 	85.6	%	 			 			  			
Condominium and co-operative	  	11.1	 	 	 	11.0	 	 			 			  			
Multi-family and other	  	3.3	 	 	 	3.4	 	 			 			  			
	  	 	 	 	 	 	 	 			 			  			
Total	  	100.0	%	 	 	100.0	%	 			 			  			

51

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Portfolio Quality Metrics—U.S. Mortgage Insurance
(amounts in billions)

   	  	FICO > 679	 	 	FICO 620 - 679 (1)	 	 	FICO < 620	 	 	Total	 	
   	  	2008	 	 	2008	 	 	2008	 	 	2008	 	
Primary Risk In-force	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	
Total Primary Risk In-force	  	$	22.6	 	 	$	22.9	 	 	$	22.2	 	 	$	20.2	 	 	$	10.4	 	 	$	10.7	 	 	$	10.8	 	 	$	10.5	 	 	$	2.8	 	 	$	2.9	 	 	$	3.0	 	 	$	3.0	 	 	$	35.8	 	 	$	36.5	 	 	$	36.0	 	 	$	33.8	 	
Delinquency rate (2)	  	 	5.0	%	 	 	4.2	%	 	 	3.3	%	 	 	2.6	%	 	 	12.6	%	 	 	10.1	%	 	 	8.1	%	 	 	6.8	%	 	 	22.8	%	 	 	19.0	%	 	 	15.4	%	 	 	12.7	%	 	 	8.4	%	 	 	6.9	%	 	 	5.6	%	 	 	4.7	%	
																	
2008 policy year	  	$	7.0	 	 	$	6.5	 	 	$	5.3	 	 	$	2.6	 	 	$	1.8	 	 	$	1.7	 	 	$	1.5	 	 	$	0.9	 	 	$	0.3	 	 	$	0.3	 	 	$	0.3	 	 	$	0.2	 	 	$	9.1	 	 	$	8.5	 	 	$	7.2	 	 	$	3.7	 	
Delinquency rate	  	 	1.3	%	 	 	0.7	%	 	 	0.3	%	 	 	0.1	%	 	 	5.2	%	 	 	2.8	%	 	 	1.2	%	 	 	0.3	%	 	 	15.3	%	 	 	9.4	%	 	 	17.1	%	 	 	1.0	%	 	 	2.6	%	 	 	1.5	%	 	 	0.7	%	 	 	0.2	%	
																	
2007 policy year	  	$	6.0	 	 	$	6.4	 	 	$	6.6	 	 	$	6.7	 	 	$	3.4	 	 	$	3.5	 	 	$	3.6	 	 	$	3.7	 	 	$	1.1	 	 	$	1.2	 	 	$	1.2	 	 	$	1.3	 	 	$	10.5	 	 	$	11.1	 	 	$	11.4	 	 	$	11.7	 	
Delinquency rate	  	 	7.6	%	 	 	6.2	%	 	 	4.4	%	 	 	2.9	%	 	 	14.6	%	 	 	10.9	%	 	 	7.5	%	 	 	5.2	%	 	 	26.9	%	 	 	22.0	%	 	 	17.1	%	 	 	12.3	%	 	 	11.7	%	 	 	9.1	%	 	 	6.6	%	 	 	4.5	%	
																	
2006 policy year	  	$	2.9	 	 	$	3.1	 	 	$	3.2	 	 	$	3.3	 	 	$	1.6	 	 	$	1.7	 	 	$	1.7	 	 	$	1.8	 	 	$	0.5	 	 	$	0.5	 	 	$	0.5	 	 	$	0.5	 	 	$	5.0	 	 	$	5.3	 	 	$	5.4	 	 	$	5.6	 	
Delinquency rate	  	 	9.8	%	 	 	8.0	%	 	 	6.5	%	 	 	4.5	%	 	 	17.0	%	 	 	13.8	%	 	 	11.4	%	 	 	8.8	%	 	 	24.7	%	 	 	21.3	%	 	 	17.6	%	 	 	15.1	%	 	 	13.3	%	 	 	10.8	%	 	 	8.9	%	 	 	6.6	%	
																	
2005 policy year	  	$	2.2	 	 	$	2.2	 	 	$	2.3	 	 	$	2.4	 	 	$	1.2	 	 	$	1.3	 	 	$	1.3	 	 	$	1.4	 	 	$	0.3	 	 	$	0.3	 	 	$	0.3	 	 	$	0.3	 	 	$	3.7	 	 	$	3.8	 	 	$	3.9	 	 	$	4.1	 	
Delinquency rate	  	 	6.4	%	 	 	5.0	%	 	 	4.1	%	 	 	3.2	%	 	 	13.4	%	 	 	11.1	%	 	 	9.5	%	 	 	8.1	%	 	 	20.0	%	 	 	17.1	%	 	 	15.1	%	 	 	13.2	%	 	 	9.7	%	 	 	7.9	%	 	 	6.7	%	 	 	5.5	%	
																	
2004 & prior policy years	  	$	4.5	 	 	$	4.7	 	 	$	4.9	 	 	$	5.2	 	 	$	2.4	 	 	$	2.5	 	 	$	2.6	 	 	$	2.8	 	 	$	0.6	 	 	$	0.6	 	 	$	0.6	 	 	$	0.6	 	 	$	7.5	 	 	$	7.8	 	 	$	8.2	 	 	$	8.6	 	
Delinquency rate	  	 	3.0	%	 	 	2.5	%	 	 	2.2	%	 	 	1.9	%	 	 	11.3	%	 	 	10.0	%	 	 	8.6	%	 	 	8.2	%	 	 	19.4	%	 	 	17.3	%	 	 	15.1	%	 	 	14.0	%	 	 	6.5	%	 	 	5.6	%	 	 	4.9	%	 	 	4.5	%	

Fixed rate mortgage	  	$	21.9	 	 	$	21.8	 	 	$	21.1	 	 	$	19.1	 	 	$	10.1	 	 	$	10.2	 	 	$	10.3	 	 	$	10.0	 	 	$	2.7	 	 	$	2.8	 	 	$	2.9	 	 	$	2.9	 	 	$	34.7	 	 	$	34.8	 	 	$	34.3	 	 	$	32.0	 	
Delinquency rate	  	 	4.5	%	 	 	3.3	%	 	 	2.6	%	 	 	2.0	%	 	 	12.1	%	 	 	9.6	%	 	 	7.6	%	 	 	6.4	%	 	 	22.5	%	 	 	18.7	%	 	 	15.0	%	 	 	12.3	%	 	 	8.0	%	 	 	6.3	%	 	 	5.0	%	 	 	4.2	%	
																	
Adjustable rate mortgage	  	$	0.7	 	 	$	1.1	 	 	$	1.2	 	 	$	1.2	 	 	$	0.3	 	 	$	0.5	 	 	$	0.5	 	 	$	0.5	 	 	$	0.1	 	 	$	0.1	 	 	$	0.1	 	 	$	0.1	 	 	$	1.1	 	 	$	1.7	 	 	$	1.7	 	 	$	1.8	 	
Delinquency rate	  	 	21.6	%	 	 	15.2	%	 	 	12.3	%	 	 	9.1	%	 	 	25.5	%	 	 	20.7	%	 	 	17.2	%	 	 	14.6	%	 	 	35.0	%	 	 	31.4	%	 	 	29.2	%	 	 	25.3	%	 	 	23.8	%	 	 	16.9	%	 	 	13.9	%	 	 	10.8	%	

LTV >95%	  	$	4.6	 	 	$	4.7	 	 	$	4.7	 	 	$	4.5	 	 	$	3.4	 	 	$	3.5	 	 	$	3.5	 	 	$	3.5	 	 	$	1.1	 	 	$	1.1	 	 	$	1.2	 	 	$	1.2	 	 	$	9.1	 	 	$	9.3	 	 	$	9.4	 	 	$	9.3	 	
Delinquency rate	  	 	4.8	%	 	 	3.6	%	 	 	2.8	%	 	 	2.2	%	 	 	14.2	%	 	 	11.4	%	 	 	8.9	%	 	 	7.1	%	 	 	27.3	%	 	 	23.1	%	 	 	18.7	%	 	 	15.2	%	 	 	11.3	%	 	 	9.1	%	 	 	7.2	%	 	 	5.9	%	
																	
Alt-A (3)	  	$	1.1	 	 	$	1.2	 	 	$	1.2	 	 	$	1.3	 	 	$	0.5	 	 	$	0.5	 	 	$	0.5	 	 	$	0.5	 	 	$	0.1	 	 	$	0.1	 	 	$	0.1	 	 	$	0.1	 	 	$	1.7	 	 	$	1.8	 	 	$	1.8	 	 	$	1.9	 	
Delinquency rate	  	 	17.8	%	 	 	13.4	%	 	 	10.1	%	 	 	6.7	%	 	 	27.7	%	 	 	22.3	%	 	 	17.8	%	 	 	13.9	%	 	 	31.3	%	 	 	28.1	%	 	 	26.1	%	 	 	20.9	%	 	 	20.3	%	 	 	15.7	%	 	 	12.2	%	 	 	8.6	%	
																	
Interest only & option ARMs	  	$	2.4	 	 	$	2.8	 	 	$	3.0	 	 	$	2.9	 	 	$	0.9	 	 	$	1.0	 	 	$	1.0	 	 	$	1.0	 	 	$	0.2	 	 	$	0.2	 	 	$	0.2	 	 	$	0.2	 	 	$	3.5	 	 	$	4.0	 	 	$	4.1	 	 	$	4.1	 	
Delinquency rate	  	 	18.7	%	 	 	13.7	%	 	 	10.6	%	 	 	7.3	%	 	 	28.0	%	 	 	21.0	%	 	 	16.2	%	 	 	12.0	%	 	 	36.3	%	 	 	30.0	%	 	 	25.3	%	 	 	19.7	%	 	 	21.4	%	 	 	15.5	%	 	 	12.0	%	 	 	8.5	%	
Amounts may not total due to rounding.

(1)	Loans with unknown FICO scores are included in the 620 - 679 category.	

(2)	Delinquency rate represents the number of lender reported delinquencies divided by the number of remaining policies consistent with mortgage insurance practices.	

(3)	Alt-A consists of loans with reduced documentation or verfication of income or assets and a higher historical and expected delinquency rate than standard documentation loans.	
 
52

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Other Metrics—U.S. Mortgage Insurance Bulk Risk In-force
(dollar amounts in millions)

 	  	December 31, 2008	 	 	September 30, 2008	 	 	December 31, 2007 (2)	 	
GSE Alt-A	  			 	 				 				
Risk in-force	  	$	338	 	 	$	339	 	 	$	340	 	
Average FICO score	  	 	720	 	 	 	720	 	 	 	720	 	
Loan-to-value ratio	  	 	79	% 	 	 	79	%	 	 	79	%	
Standard documentation (1)	  	 	22	%	 	 	22	%	 	 	22	%	
Stop loss	  	 	100	%	 	 	100	%	 	 	99	%	
Deductible	  	 	81	%	 	 	81	%	 	 	80	%	
	 			
Portfolio (3) 	  			 	 				 				
Risk in-force	  	$	—  	 	 	$	493	 	 	$	532	 	
Average FICO score	  	 	—  	 	 	 	724	 	 	 	723	 	
Loan-to-value ratio	  	 	—  	%	 	 	77	%	 	 	76	%	
Standard documentation	  	 	—  	%	 	 	97	%	 	 	98	%	
Stop loss	  	 	—  	%	 	 	100	%	 	 	100	%	
Deductible	  	 	—  	%	 	 	22	%	 	 	22	%	
	 			
FHLB	  			 	 				 				
Risk in-force	  	$	443	 	 	$	418	 	 	$	382	 	
Average FICO score	  	 	741	 	 	 	739	 	 	 	743	 	
Loan-to-value ratio	  	 	76	%	 	 	76	%	 	 	68	%	
Standard documentation	  	 	87	%	 	 	87	%	 	 	85	%	
Stop loss	  	 	86	%	 	 	87	%	 	 	96	%	
Deductible	  	 	100	%	 	 	100	%	 	 	100	%	
	 			
Other	  			 	 				 				
Risk in-force	  	$	91	 	 	$	94	 	 	$	107	 	
Average FICO score	  	 	692	 	 	 	691	 	 	 	693	 	
Loan-to-value ratio	  	 	91	%	 	 	91	%	 	 	94	%	
Standard documentation	  	 	96	%	 	 	96	%	 	 	96	%	
Stop loss	  	 	9	%	 	 	9	%	 	 	11	%	
Deductible	  	 	—  	%	 	 	—  	%	 	 	—  	%	
	 			
Total Bulk Risk In-force	  	$	872	 	 	$	1,344	 	 	$	1,361	 	

(1)	Standard documentation includes loans with reduced or different documentation requirements that meet specifications of GSE approved underwriting systems with historical and expected delinquency rates consistent with our standard portfolio.	

(2)	The December 31, 2007 amounts previously presented have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where the counterparty was in a first loss position.	

(3)	As of December 31, 2008, coverage underlying the Portfolio deals was no longer in force.	
 
53

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Aggregate Book Year Analysis Provided to Illustrate Directional Progression Toward Captive Attachment (1) 

 	 	 	 	 	  	December 31, 2008	 	  	September 30, 2008	 	  	June 30, 2008	 	  	March 31, 2008	 	
Book Year (2)	 	Original Book
RIF ($B)	 	Progression to
  Attachment Point  	  	Current
RIF
($B)	  	Ever to
Date
Incurred
Losses
($MM)	  	Captive
Benefit
($MM)	 	  	Current
RIF
($B)	  	Ever to
Date
Incurred
Losses
($MM)	  	Captive
Benefit
($MM)	 	  	Current
RIF
($B)	  	Ever to
Date
Incurred
Losses
($MM)	  	Captive
Benefit
($MM)	 	  	Current
RIF
($B)	  	Ever to
Date
Incurred
Losses
($MM)	  	Captive
Benefit
($MM)	 	
2005	 			 	0-50%	  	$	0.1	  	$	2	  				  	$	0.1	  	$	3	  				  	$	0.4	  	$	10	  				  	$	0.5	  	$	10	  			 	
2005	 			 	50-75%	  	 	0.3	  	 	12	  				  	 	0.3	  	 	14	  				  	 	0.4	  	 	22	  				  	 	1.6	  	 	72	  			 	
2005	 			 	75-99%	  	 	0.3	  	 	27	  				  	 	0.5	  	 	32	  				  	 	1.1	  	 	72	  				  	 	0.2	  	 	11	  			 	
2005	 			 	Attached	  	 	1.7	  	 	184	  				  	 	1.5	  	 	136	  				  	 	0.6	  	 	44	  				  	 	0.3	  	 	20	  			 	
	 			 		  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	
2005 Total	 	$	4.4	 		  	$	2.4	  	$	225	  	$	26	 	  	$	2.4	  	$	185	  	$	18	 	  	$	2.5	  	$	148	  	$	6	 	  	$	2.6	  	$	113	  	$	1	 	
	 			 		  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	
2006	 			 	0-50%	  	$	0.1	  	$	2	  				  	$	0.1	  	$	1	  				  	$	0.2	  	$	2	  				  	$	0.5	  	$	11	  			 	
2006	 			 	50-75%	  	 	0.0	  	 	1	  				  	 	0.1	  	 	4	  				  	 	0.4	  	 	17	  				  	 	0.3	  	 	8	  			 	
2006	 			 	75-99%	  	 	0.1	  	 	4	  				  	 	0.3	  	 	18	  				  	 	0.4	  	 	26	  				  	 	0.5	  	 	23	  			 	
2006	 			 	Attached	  	 	2.8	  	 	372	  				  	 	2.5	  	 	269	  				  	 	2.1	  	 	185	  				  	 	2.0	  	 	113	  			 	
	 			 		  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	
2006 Total	 	$	4.2	 		  	$	3.0	  	$	379	  	 	61	 	  	$	3.0	  	$	292	  	 	49	 	  	$	3.1	  	$	230	  	 	61	 	  	$	3.3	  	$	155	  	 	17	 	
	 			 		  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	
2007	 			 	0-50%	  	$	0.1	  	$	2	  				  	$	0.3	  	$	5	  				  	$	1.0	  	$	17	  				  	$	4.3	  	$	77	  			 	
2007	 			 	50-75%	  	 	0.1	  	 	5	  				  	 	0.3	  	 	9	  				  	 	1.0	  	 	33	  				  	 	1.0	  	 	23	  			 	
2007	 			 	75-99%	  	 	0.3	  	 	13	  				  	 	0.7	  	 	25	  				  	 	2.2	  	 	77	  				  	 	0.8	  	 	25	  			 	
2007	 			 	Attached	  	 	5.6	  	 	556	  				  	 	4.9	  	 	364	  				  	 	2.2	  	 	128	  				  	 	0.5	  	 	22	  			 	
	 			 		  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	  	 	 	  	 	 	  	 	 	 	
2007 Total	 	$	6.8	 		  	$	6.1	  	$	576	  	 	119	 	  	$	6.2	  	$	403	  	 	102	 	  	$	6.4	  	$	255	  	 	43	 	  	$	6.6	  	$	147	  	 	1	 	

												 	
Captive Benefit In Quarter ($MM)	  			  			  	$	206	 	  			  			  	$	169	 	  			  			  	$	110	 	  			  			  	$	19	 	

(1)	Data presented in aggregate for all trusts. Actual trust attachment and exit points will vary by individual lender contract. For purposes of this illustration, incurred losses equals change in reserves plus paid claims. The information presented excludes quota share captive reinsurance data. Progress toward captive attachment is determined at a lender level for each book year by dividing ever to date incurred losses by original RIF for that book year.	

(2)	Book year figures may include loans from additional periods pursuant to reinsurance agreement terms and conditions.	
 
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Corporate and Other
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Operating Loss—Corporate and Other (1) 
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				 				
Premiums	  	$	5	 	 	$	5	 	 	$	6	 	 	$	5	 	 	$	21	 	 	$	4	 	 	$	8	 	 	$	5	 	 	$	7	 	 	$	24	 	
Net investment income	  	 	(1	) 	 	 	6	 	 	 	14	 	 	 	20	 	 	 	39	 	 	 	23	 	 	 	12	 	 	 	15	 	 	 	15	 	 	 	65	 	
Net investment gains (losses)	  	 	(4	)	 	 	(32	)	 	 	(33	)	 	 	(10	)	 	 	(79	)	 	 	(3	)	 	 	(11	)	 	 	(1	)	 	 	—  	 	 	 	(15	)	
Insurance and investment product fees and other	  	 	37	 	 	 	(2	)	 	 	2	 	 	 	2	 	 	 	39	 	 	 	(3	)	 	 	—  	 	 	 	(1	)	 	 	2	 	 	 	(2	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	37	 	 	 	(23	)	 	 	(11	)	 	 	17	 	 	 	20	 	 	 	21	 	 	 	9	 	 	 	18	 	 	 	24	 	 	 	72	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	
Acquisition and operating expenses, net of deferrals	  	 	41	 	 	 	(6	)	 	 	13	 	 	 	6	 	 	 	54	 	 	 	17	 	 	 	9	 	 	 	10	 	 	 	21	 	 	 	57	 	
Amortization of deferred acquisition costs and intangibles	  	 	4	 	 	 	3	 	 	 	1	 	 	 	2	 	 	 	10	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	14	 	 	 	18	 	
Interest expense	  	 	69	 	 	 	68	 	 	 	63	 	 	 	58	 	 	 	258	 	 	 	60	 	 	 	59	 	 	 	63	 	 	 	60	 	 	 	242	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	114	 	 	 	66	 	 	 	78	 	 	 	66	 	 	 	324	 	 	 	78	 	 	 	70	 	 	 	75	 	 	 	95	 	 	 	318	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(77	)	 	 	(89	)	 	 	(89	)	 	 	(49	)	 	 	(304	)	 	 	(57	)	 	 	(61	)	 	 	(57	)	 	 	(71	)	 	 	(246	)	
	 										
Benefit from income taxes	  	 	(42	)	 	 	(63	)	 	 	(7	)	 	 	—  	 	 	 	(112	)	 	 	(19	)	 	 	(21	)	 	 	(20	)	 	 	(24	)	 	 	(84	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS	  	 	(35	)	 	 	(26	)	 	 	(82	)	 	 	(49	)	 	 	(192	)	 	 	(38	)	 	 	(40	)	 	 	(37	)	 	 	(47	)	 	 	(162	)	
	 										
ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	3	 	 	 	23	 	 	 	20	 	 	 	7	 	 	 	53	 	 	 	1	 	 	 	6	 	 	 	—  	 	 	 	—  	 	 	 	7	 	
Expenses related to reorganization, net of taxes	  	 	4	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	4	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	14	 	 	 	14	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING LOSS	  	$	(28	)	 	$	(3	)	 	$	(62	)	 	$	(42	)	 	$	(135	)	 	$	(37	)	 	$	(34	)	 	$	(37	)	 	$	(33	)	 	$	(141	)	

Effective tax rate (operating income (loss))	  	 	58.1	%	 	 	91.5	%	 	 	7.5	%	 				 	 	37.7	%	 	 	29.9	%	 	 	35.2	%	 	 	34.1	%	 	 	33.7	%	 	 	33.2	%	

(1)	Includes inter-segment eliminations.	
 
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 ADDITIONAL FINANCIAL DATA
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Investments Summary
(amounts in millions)

 	 	 	  	 	  	December 31, 2008	 	 	September 30, 2008	 	 	June 30, 2008	 	 	March 31, 2008	 	 	December 31, 2007	 	
 	 	 	  	 	  	Carrying
Amount	  	% of
Total	 	 	Carrying
Amount	  	% of
Total	 	 	Carrying
Amount	  	% of
Total	 	 	Carrying
Amount	  	% of
Total	 	 	Carrying
Amount	  	% of
Total	 	
Composition of Investment Portfolio	  			  		 	 			  			 			  			 			  			 			  			
Fixed maturity securities:	  			  		 	 			  			 			  			 			  			 			  			
Investment grade:	  			  		 	 			  			 			  			 			  			 			  			
Public fixed maturities	  	$	22,189	  	33	%	 	$	23,591	  	34	%	 	$	25,724	  	35	%	 	$	25,968	  	35	%	 	$	26,166	  	35	%	
Private fixed maturities	  	 	7,782	  	11	 	 	 	9,406	  	14	 	 	 	9,791	  	13	 	 	 	10,001	  	14	 	 	 	10,425	  	14	 	
Mortgage-backed (MBS):	 	Residential mortgage-backed securities	  	 	2,159	  	3	 	 	 	2,627	  	4	 	 	 	2,554	  	3	 	 	 	2,772	  	4	 	 	 	3,260	  	5	 	
	 	Commercial mortgage-backed securities	  	 	3,713	  	6	 	 	 	4,630	  	7	 	 	 	4,758	  	7	 	 	 	4,751	  	6	 	 	 	5,148	  	7	 	
Asset-backed (ABS):	 	Residential mortgage-backed securities	  	 	582	  	1	 	 	 	758	  	1	 	 	 	952	  	1	 	 	 	1,290	  	2	 	 	 	1,632	  	2	 	
	 	Other non-residential collateral	  	 	2,080	  	3	 	 	 	2,637	  	4	 	 	 	2,969	  	4	 	 	 	3,358	  	5	 	 	 	3,591	  	5	 	
Tax exempt	  	 	2,370	  	4	 	 	 	2,415	  	3	 	 	 	2,315	  	3	 	 	 	2,215	  	3	 	 	 	2,227	  	3	 	
Non-investment grade fixed maturities	  	 	1,996	  	3	 	 	 	2,660	  	4	 	 	 	2,824	  	4	 	 	 	2,676	  	4	 	 	 	2,705	  	4	 	
Equity securities:	  			  		 	 			  			 			  			 			  			 			  			
    Common stocks and mutual funds	  	 	100	  	—  	 	 	 	107	  	—  	 	 	 	71	  	—  	 	 	 	34	  	—  	 	 	 	47	  	—  	 	
    Preferred stocks	  	 	134	  	—  	 	 	 	202	  	—  	 	 	 	338	  	1	 	 	 	360	  	1	 	 	 	319	  	1	 	
Commercial mortgage loans	  	 	8,262	  	12	 	 	 	8,447	  	12	 	 	 	8,573	  	12	 	 	 	8,822	  	12	 	 	 	8,953	  	12	 	
Policy loans	  	 	1,834	  	3	 	 	 	1,822	  	3	 	 	 	1,806	  	2	 	 	 	1,654	  	2	 	 	 	1,651	  	2	 	
Cash, cash equivalents and short-term investments	  	 	8,447	  	12	 	 	 	5,367	  	8	 	 	 	5,983	  	8	 	 	 	3,873	  	5	 	 	 	3,168	  	4	 	
Securities lending	  	 	1,469	  	2	 	 	 	1,674	  	2	 	 	 	1,836	  	3	 	 	 	2,443	  	3	 	 	 	2,397	  	3	 	
Other invested assets:	 	Limited partnerships (1)	  	 	715	  	1	 	 	 	716	  	1	 	 	 	701	  	1	 	 	 	690	  	1	 	 	 	632	  	1	 	
	 	Derivatives:	  			  		 	 			  			 			  			 			  			 			  			
	 	    LTC forward starting swap-cash flow	  	 	501	  	1	 	 	 	799	  	1	 	 	 	747	  	1	 	 	 	901	  	1	 	 	 	655	  	1	 	
	 	    Other cash flow	  	 	120	  	—  	 	 	 	41	  	—  	 	 	 	38	  	—  	 	 	 	62	  	—  	 	 	 	15	  	—  	 	
	 	    Fair value	  	 	278	  	—  	 	 	 	99	  	—  	 	 	 	101	  	—  	 	 	 	173	  	—  	 	 	 	83	  	—  	 	
	 	    Equity index options-non-qualified	  	 	152	  	—  	 	 	 	256	  	1	 	 	 	217	  	—  	 	 	 	212	  	—  	 	 	 	127	  	—  	 	
	 	    LTC swaptions-non qualified	  	 	780	  	1	 	 	 	—  	  	—  	 	 	 	—  	  	—  	 	 	 	—  	  	—  	 	 	 	—  	  	—  	 	
	 	    Other non-qualified	  	 	385	  	1	 	 	 	43	  	—  	 	 	 	25	  	—  	 	 	 	39	  	—  	 	 	 	20	  	—  	 	
	 	Trading portfolio	  	 	169	  	—  	 	 	 	222	  	—  	 	 	 	237	  	1	 	 	 	236	  	1	 	 	 	254	  	—  	 	
	 	Counterparty collateral	  	 	1,605	  	3	 	 	 	693	  	1	 	 	 	478	  	1	 	 	 	664	  	1	 	 	 	372	  	1	 	
	 	Other (2)	  	 	118	  	—  	 	 	 	105	  	—  	 	 	 	112	  	—  	 	 	 	78	  	—  	 	 	 	44	  	—  	 	
	 		  		  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total invested assets and cash	  	$	67,940	  	100	% 	 	$	69,317	  	100	%	 	$	73,150	  	100	%	 	$	73,272	  	100	%	 	$	73,891	  	100	%	
	 		  		  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Public Fixed Maturities—Credit Quality:	  		  			  		 	 			  			 			  			 			  			 			  			
NAIC Designation	 	Rating Agency Equivalent Designation	  			  		 	 			  			 			  			 			  			 			  			
1	 		  	Aaa	  	$	9,651	  	30	%	 	$	10,649	  	30	%	 	$	11,245	  	30	%	 	$	12,275	  	32	%	 	$	13,133	  	33	%	
1	 		  	Aa	  	 	4,542	  	14	 	 	 	5,223	  	15	 	 	 	7,133	  	19	 	 	 	6,804	  	17	 	 	 	6,811	  	17	 	
1	 		  	A	  	 	10,653	  	33	 	 	 	10,528	  	30	 	 	 	11,044	  	29	 	 	 	11,155	  	29	 	 	 	11,368	  	29	 	
2	 		  	Baa	  	 	6,111	  	19	 	 	 	7,332	  	20	 	 	 	6,588	  	17	 	 	 	6,671	  	18	 	 	 	6,791	  	17	 	
3	 		  	Ba	  	 	844	  	3	 	 	 	1,096	  	4	 	 	 	1,299	  	4	 	 	 	1,210	  	3	 	 	 	1,210	  	3	 	
4	 		  	B	  	 	381	  	1	 	 	 	556	  	1	 	 	 	524	  	1	 	 	 	508	  	1	 	 	 	530	  	1	 	
5	 		  	Caa and lower	  	 	101	  	—  	 	 	 	93	  	—  	 	 	 	97	  	—  	 	 	 	68	  	—  	 	 	 	47	  	—  	 	
6	 		  	In or near default	  	 	1	  	—  	 	 	 	1	  	—  	 	 	 	10	  	—  	 	 	 	12	  	—  	 	 	 	6	  	—  	 	
Not rated	 		  	Not rated	  	 	13	  	—  	 	 	 	13	  	—  	 	 	 	24	  	—  	 	 	 	—  	  	—  	 	 	 	—  	  	—  	 	
	 		  		  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
	 		  	Total public fixed maturities	  	$	32,297	  	100	%	 	$	35,491	  	100	%	 	$	37,964	  	100	%	 	$	38,703	  	100	%	 	$	39,896	  	100	%	
	 		  		  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Private Fixed Maturities—Credit Quality:	  		  			  		 	 			  			 			  			 			  			 			  			
NAIC Designation	 	Rating Agency Equivalent Designation	  			  		 	 			  			 			  			 			  			 			  			
1	 		  	Aaa	  	$	1,458	  	14	%	 	$	1,985	  	15	%	 	$	2,296	  	16	%	 	$	2,656	  	19	%	 	$	2,917	  	19	%	
1	 		  	Aa	  	 	1,065	  	10	 	 	 	1,296	  	10	 	 	 	1,944	  	14	 	 	 	2,054	  	14	 	 	 	2,128	  	14	 	
1	 		  	A	  	 	3,268	  	31	 	 	 	4,180	  	31	 	 	 	3,851	  	28	 	 	 	3,542	  	25	 	 	 	3,852	  	25	 	
2	 		  	Baa	  	 	4,127	  	39	 	 	 	4,871	  	37	 	 	 	4,962	  	36	 	 	 	5,198	  	36	 	 	 	5,449	  	36	 	
3	 		  	Ba	  	 	596	  	6	 	 	 	827	  	6	 	 	 	710	  	5	 	 	 	758	  	5	 	 	 	789	  	5	 	
4	 		  	B	  	 	54	  	—  	 	 	 	48	  	1	 	 	 	126	  	1	 	 	 	69	  	1	 	 	 	78	  	1	 	
5	 		  	Caa and lower	  	 	4	  	—  	 	 	 	3	  	—  	 	 	 	27	  	—  	 	 	 	28	  	—  	 	 	 	26	  	—  	 	
6	 		  	In or near default	  	 	1	  	—  	 	 	 	1	  	—  	 	 	 	5	  	—  	 	 	 	4	  	—  	 	 	 	5	  	—  	 	
Not rated	 		  	Not rated	  	 	1	  	—  	 	 	 	22	  	—  	 	 	 	2	  	—  	 	 	 	19	  	—  	 	 	 	14	  	—  	 	
	 		  		  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
	 		  	Total private fixed maturities	  	$	10,574	  	100	%	 	$	13,233	  	100	%	 	$	13,923	  	100	%	 	$	14,328	  	100	%	 	$	15,258	  	100	%	

 
(1)     Limited partnerships by type:	  			  			 			  			 			  			 			  			 			  			
Distressed Bond and Equity Fund	  	$	132	  			 	$	153	  			 	$	156	  			 	$	155	  			 	$	153	  			
Real Estate	  	 	294	  			 	 	283	  			 	 	286	  			 	 	272	  			 	 	237	  			
Infrastructure	  	 	149	  			 	 	139	  			 	 	126	  			 	 	121	  			 	 	104	  			
Private Equity	  	 	75	  			 	 	76	  			 	 	76	  			 	 	67	  			 	 	67	  			
Mezzanine	  	 	41	  			 	 	40	  			 	 	31	  			 	 	48	  			 	 	44	  			
Strategic Equity	  	 	8	  			 	 	9	  			 	 	10	  			 	 	11	  			 	 	11	  			
Strategic Funds	  	 	7	  			 	 	7	  			 	 	7	  			 	 	7	  			 	 	7	  			
Oil and Gas	  	 	9	  			 	 	9	  			 	 	9	  			 	 	9	  			 	 	9	  			
	 		  		  	 	 	  			 	 	 	  			 	 	 	  			 	 	 	  			 	 	 	  			
	 		  		  	$	715	  			 	$	716	  			 	$	701	  			 	$	690	  			 	$	632	  			
	 		  		  	 	 	  			 	 	 	  			 	 	 	  			 	 	 	  			 	 	 	  			
(2)	We do not have any material exposure to residential mortgage-backed securities CDOs.	
 
58

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Fixed Maturities Summary
(amounts in millions)

 	  	December 31, 2008	 	  	September 30, 2008	 	 	June 30, 2008	 	 	March 31, 2008	 	 	December 31, 2007	 	
 	  	Fair
Value	  	% of
Total	 	  	Fair
    Value    	  	% of
    Total    	 	 	Fair
Value	  	% of
Total	 	 	Fair
Value	  	% of
Total	 	 	Fair
    Value    	  	% of
    Total    	 	
Fixed Maturities—Security Sector:	  			  		 	  			  			 			  			 			  			 			  			
U.S. government, agencies & government sponsored entities	  	$	905	  	2	%	  	$	679	  	1	%	 	$	531	  	1	%	 	$	529	  	1	%	 	$	594	  	1	%	
Tax exempt	  	 	2,371	  	6	 	  	 	2,417	  	5	 	 	 	2,372	  	5	 	 	 	2,217	  	4	 	 	 	2,228	  	4	 	
Foreign government	  	 	1,760	  	4	 	  	 	2,226	  	5	 	 	 	2,796	  	5	 	 	 	2,699	  	5	 	 	 	2,432	  	4	 	
U.S. corporate	  	 	19,074	  	45	 	  	 	20,738	  	43	 	 	 	22,228	  	43	 	 	 	22,974	  	44	 	 	 	23,563	  	43	 	
Foreign corporate	  	 	9,976	  	23	 	  	 	11,681	  	24	 	 	 	12,411	  	24	 	 	 	12,320	  	23	 	 	 	12,579	  	23	 	
Mortgage-backed (MBS):   Residential mortgage-backed securities	  	 	2,253	  	5	 	  	 	2,695	  	5	 	 	 	2,613	  	5	 	 	 	2,773	  	5	 	 	 	3,262	  	6	 	
Commercial mortgage-backed securities	  	 	3,758	  	9	 	  	 	4,696	  	10	 	 	 	4,865	  	9	 	 	 	4,853	  	9	 	 	 	5,263	  	9	 	
Asset-backed (ABS):          Residential mortgage-backed securities	  	 	684	  	1	 	  	 	914	  	2	 	 	 	1,099	  	3	 	 	 	1,307	  	3	 	 	 	1,640	  	3	 	
Other non-residential collateral	  	 	2,090	  	5	 	  	 	2,678	  	5	 	 	 	2,972	  	5	 	 	 	3,359	  	6	 	 	 	3,593	  	7	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total fixed maturity securities (1)	  	$	42,871	  	100	%	  	$	48,724	  	100	%	 	$	51,887	  	100	%	 	$	53,031	  	100	%	 	$	55,154	  	100	%	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Corporate Bond Holdings—Industry Sector:	  			  		 	  			  			 			  			 			  			 			  			
Investment Grade:	  			  		 	  			  			 			  			 			  			 			  			
Finance and insurance	  	$	8,773	  	32	%	  	$	10,422	  	34	%	 	$	12,062	  	38	%	 	$	11,923	  	36	%	 	$	12,203	  	36	%	
Utilities and energy	  	 	5,741	  	21	 	  	 	5,893	  	19	 	 	 	6,021	  	18	 	 	 	6,170	  	19	 	 	 	6,174	  	18	 	
Consumer—non cyclical	  	 	3,243	  	12	 	  	 	3,294	  	11	 	 	 	3,385	  	10	 	 	 	3,581	  	11	 	 	 	3,750	  	11	 	
Consumer—cyclical	  	 	1,317	  	5	 	  	 	1,531	  	5	 	 	 	1,584	  	5	 	 	 	1,817	  	5	 	 	 	1,874	  	6	 	
Capital goods	  	 	1,837	  	6	 	  	 	1,958	  	7	 	 	 	2,022	  	6	 	 	 	1,767	  	5	 	 	 	1,811	  	5	 	
Industrial	  	 	1,277	  	4	 	  	 	1,516	  	5	 	 	 	1,485	  	5	 	 	 	1,444	  	4	 	 	 	1,520	  	4	 	
Technology and communications	  	 	1,584	  	6	 	  	 	1,601	  	5	 	 	 	1,717	  	5	 	 	 	1,931	  	6	 	 	 	1,986	  	6	 	
Transportation	  	 	1,111	  	4	 	  	 	1,246	  	4	 	 	 	1,313	  	4	 	 	 	1,230	  	4	 	 	 	1,237	  	4	 	
Other	  	 	2,686	  	10	 	  	 	3,037	  	10	 	 	 	3,060	  	9	 	 	 	3,402	  	10	 	 	 	3,534	  	10	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Subtotal	  	$	27,569	  	100	%	  	$	30,498	  	100	%	 	$	32,649	  	100	%	 	$	33,265	  	100	%	 	$	34,089	  	100	%	
Non-Investment Grade:	  			  		 	  			  			 			  			 			  			 			  			
Finance and insurance	  	$	183	  	12	%	  	$	236	  	12	%	 	$	104	  	5	%	 	$	232	  	11	%	 	$	272	  	13	%	
Utilities and energy	  	 	159	  	11	 	  	 	204	  	11	 	 	 	198	  	10	 	 	 	212	  	11	 	 	 	186	  	9	 	
Consumer—non cyclical	  	 	232	  	16	 	  	 	321	  	17	 	 	 	413	  	21	 	 	 	412	  	20	 	 	 	427	  	21	 	
Consumer—cyclical	  	 	179	  	12	 	  	 	206	  	11	 	 	 	229	  	11	 	 	 	316	  	16	 	 	 	337	  	17	 	
Capital goods	  	 	198	  	13	 	  	 	193	  	10	 	 	 	212	  	11	 	 	 	146	  	7	 	 	 	142	  	7	 	
Industrial	  	 	272	  	18	 	  	 	392	  	20	 	 	 	395	  	20	 	 	 	257	  	13	 	 	 	220	  	11	 	
Technology and communications	  	 	186	  	13	 	  	 	274	  	14	 	 	 	349	  	17	 	 	 	350	  	17	 	 	 	391	  	19	 	
Transportation	  	 	57	  	4	 	  	 	77	  	4	 	 	 	58	  	3	 	 	 	66	  	3	 	 	 	59	  	3	 	
Other	  	 	15	  	1	 	  	 	18	  	1	 	 	 	32	  	2	 	 	 	38	  	2	 	 	 	19	  	—  	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Subtotal	  	$	1,481	  	100	%	  	$	1,921	  	100	%	 	$	1,990	  	100	%	 	$	2,029	  	100	%	 	$	2,053	  	100	%	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	29,050	  	100	%	  	$	32,419	  	100	%	 	$	34,639	  	100	%	 	$	35,294	  	100	%	 	$	36,142	  	100	%	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Fixed Maturities—Contractual Maturity Dates:	  			  		 	  			  			 			  			 			  			 			  			
Due in one year or less	  	$	1,715	  	4	%	  	$	2,162	  	4	%	 	$	2,213	  	4	%	 	$	2,211	  	4	%	 	$	2,278	  	4	%	
Due after one year through five years	  	 	10,091	  	24	 	  	 	11,529	  	24	 	 	 	12,279	  	24	 	 	 	12,026	  	23	 	 	 	11,434	  	21	 	
Due after five years through ten years	  	 	7,241	  	17	 	  	 	8,198	  	17	 	 	 	8,854	  	17	 	 	 	9,215	  	17	 	 	 	9,441	  	17	 	
Due after ten years	  	 	15,039	  	35	 	  	 	15,852	  	32	 	 	 	16,992	  	33	 	 	 	17,287	  	33	 	 	 	18,243	  	33	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Subtotal	  	 	34,086	  	80	 	  	 	37,741	  	77	 	 	 	40,338	  	78	 	 	 	40,739	  	77	 	 	 	41,396	  	75	 	
Mortgage and asset-backed	  	 	8,785	  	20	 	  	 	10,983	  	23	 	 	 	11,549	  	22	 	 	 	12,292	  	23	 	 	 	13,758	  	25	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total fixed maturity securities	  	$	42,871	  	100	%	  	$	48,724	  	100	%	 	$	51,887	  	100	%	 	$	53,031	  	100	%	 	$	55,154	  	100	%	

 
(1)     The following table sets forth the fair value of our fixed maturities by pricing source as of the date indicated:	      	

 	  	December 31, 2008	 	
 	  	Fair Value	  	% of
Total	 	
Priced via industry standard pricing methodologies	  	$	36,022	  	84	%	
Priced via broker indicative market prices	  	 	751	  	2	 	
Priced via internally developed models	  	 	6,098	  	14	 	
	  	 	 	  	 	 	
Total fixed maturities	  	$	42,871	  	100	%	

59

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Additional Information on Mortgage-backed and Asset-backed Securities Collateralized by Sub-prime Residential Mortgage Loans
(amounts in millions)
Fair Value by Vintage as of December 31, 2008:

 	  	Original Rating	  	Current Rating	
S&P Rating	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	
AAA	  	$	90	  	$	85	  	$	148	  	$	43	  	$	366	  	$	48	  	$	56	  	$	41	  	$	—	  	$	145	
AA	  	 	26	  	 	53	  	 	12	  	 	12	  	 	103	  	 	34	  	 	50	  	 	36	  	 	30	  	 	150	
A	  	 	52	  	 	54	  	 	5	  	 	—  	  	 	111	  	 	39	  	 	45	  	 	12	  	 	13	  	 	109	
BBB	  	 	3	  	 	4	  	 	—  	  	 	—  	  	 	7	  	 	40	  	 	16	  	 	30	  	 	1	  	 	87	
BB	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	3	  	 	7	  	 	19	  	 	3	  	 	32	
B	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	3	  	 	7	  	 	2	  	 	12	
CCC and lower	  	 	—  	  	 	—  	  			  	 	—  	  	 	—  	  	 	7	  	 	19	  	 	20	  	 	6	  	 	52	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	171	  	$	196	  	$	165	  	$	55	  	$	587	  	$	171	  	$	196	  	$	165	  	$	55	  	$	587	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Our sub-prime securities are principally backed by first lien mortgages. We do not have a significant exposure to second liens or option adjustable rate mortgages. We do not have any material exposure to mezzanine CDOs. We do not have any exposure to net interest margin deals, highly leveraged transactions or CDO-squared investments.
Fair Value by Vintage as of September 30, 2008:

 	  	Original Rating	  	Current Rating	
S&P Rating	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	
AAA	  	$	102	  	$	109	  	$	205	  	$	52	  	$	468	  	$	48	  	$	74	  	$	97	  	$	35	  	$	254	
AA	  	 	36	  	 	69	  	 	19	  	 	29	  	 	153	  	 	65	  	 	65	  	 	50	  	 	1	  	 	181	
A	  	 	70	  	 	74	  	 	16	  	 	—  	  	 	160	  	 	64	  	 	55	  	 	24	  	 	21	  	 	164	
BBB	  	 	3	  	 	14	  	 	—  	  	 	—  	  	 	17	  	 	22	  	 	11	  	 	2	  	 	10	  	 	45	
BB	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	4	  	 	21	  	 	32	  	 	5	  	 	62	
B	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	8	  	 	24	  	 	19	  	 	6	  	 	57	
CCC and lower	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	16	  	 	16	  	 	3	  	 	35	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	211	  	$	266	  	$	240	  	$	81	  	$	798	  	$	211	  	$	266	  	$	240	  	$	81	  	$	798	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Net Unrealized Losses by Vintage as of December 31, 2008:

 	  	Original Rating	 	 	Current Rating	 	
S&P Rating	  	2004 and
Prior	 	 	2005	 	 	2006	 	 	2007	 	 	Total (1)(2)	 	 	2004 and
Prior	 	 	2005	 	 	2006	 	 	2007	 	 	Total (1)(2)	 	
AAA	  	$	(41	)	 	$	(32	)	 	$	(90	)	 	$	(25	)	 	$	(188	)	 	$	(13	)	 	$	(14	)	 	$	(13	)	 	$	—	 	 	$	(40	)	
AA	  	 	(21	)	 	 	(61	)	 	 	(13	)	 	 	—  	 	 	 	(95	)	 	 	(26	)	 	 	(46	)	 	 	(26	)	 	 	(12	)	 	 	(110	)	
A	  	 	(24	)	 	 	(47	)	 	 	(1	)	 	 	—  	 	 	 	(72	)	 	 	(23	)	 	 	(44	)	 	 	(11	)	 	 	(13	)	 	 	(91	)	
BBB	  	 	(1	)	 	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	(3	)	 	 	(19	)	 	 	(16	)	 	 	(25	)	 	 	(1	)	 	 	(61	)	
BB	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	)	 	 	(7	)	 	 	(23	)	 	 	1	 	 	 	(30	)	
B	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(5	)	 	 	(3	)	 	 	—  	 	 	 	(8	)	
CCC and lower	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(5	)	 	 	(10	)	 	 	(3	)	 	 	—  	 	 	 	(18	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	(87	)	 	$	(142	)	 	$	(104	)	 	$	(25	)	 	$	(358	)	 	$	(87	)	 	$	(142	)	 	$	(104	)	 	$	(25	)	 	$	(358	)	

(1)	We do not have any 2008 vintage mortgage-backed and asset-backed securities collateralized by sub-prime residential mortgage loans.	

(2)	The following table sets forth the fair value of these sub-prime investments by pricing source as of the date indicated:	

 	  	December 31, 2008	 	
   	  	Fair Value	  	% of
Total	 	
Priced via industry standard pricing methodologies	  	$	550	  	94	%	
Priced via broker indicative market prices	  	 	—  	  	—  	 	
Priced via internally developed models	  	 	37	  	6	 	
	  	 	 	  	 	 	
Total sub-prime investments	  	$	587	  	100	%	

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Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Additional Information on Mortgage-backed and Asset-based Securities Collateralized by Alt-A Residential Mortgage Loans
(amounts in millions)
Fair Value by Vintage as of December 31, 2008:

 	  	Original Rating	  	Current Rating	
S&P Rating	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	
AAA	  	$	107	  	$	123	  	$	79	  	$	41	  	$	350	  	$	106	  	$	33	  	$	34	  	$	32	  	$	205	
AA	  	 	15	  	 	63	  	 	12	  	 	1	  	 	91	  	 	4	  	 	92	  	 	6	  	 	1	  	 	103	
A	  	 	16	  	 	26	  	 	3	  	 	—  	  	 	45	  	 	10	  	 	37	  	 	1	  	 	2	  	 	50	
BBB	  	 	2	  	 	2	  	 	1	  	 	—  	  	 	5	  	 	18	  	 	29	  	 	14	  	 	2	  	 	63	
BB	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	1	  	 	5	  	 	20	  	 	2	  	 	28	
B	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	6	  	 	6	  	 	—  	  	 	12	
CCC and lower	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	1	  	 	12	  	 	14	  	 	3	  	 	30	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	140	  	$	214	  	$	95	  	$	42	  	$	491	  	$	140	  	$	214	  	$	95	  	$	42	  	$	491	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Fair Value by Vintage as of September 30, 2008:

 	  	Original Rating	  	Current Rating	
S&P Rating	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	
AAA	  	$	113	  	$	153	  	$	106	  	$	65	  	$	437	  	$	114	  	$	135	  	$	71	  	$	54	  	$	374	
AA	  	 	24	  	 	95	  	 	22	  	 	1	  	 	142	  	 	18	  	 	66	  	 	28	  	 	—  	  	 	112	
A	  	 	20	  	 	34	  	 	7	  	 	—  	  	 	61	  	 	14	  	 	59	  	 	19	  	 	—  	  	 	92	
BBB	  	 	2	  	 	5	  	 	3	  	 	—  	  	 	10	  	 	11	  	 	10	  	 	8	  	 	8	  	 	37	
BB	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	2	  	 	4	  	 	1	  	 	—  	  	 	7	
B	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	7	  	 	3	  	 	1	  	 	11	
CCC and lower	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	6	  	 	8	  	 	3	  	 	17	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	159	  	$	287	  	$	138	  	$	66	  	$	650	  	$	159	  	$	287	  	$	138	  	$	66	  	$	650	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Net Unrealized Losses by Vintage as of December 31, 2008:

 	  	Original Rating	 	 	Current Rating	 	
S&P Rating	  	2004 and
Prior	 	 	2005	 	 	2006	 	 	2007	 	 	Total (1)(2)	 	 	2004 and
Prior	 	 	2005	 	 	2006	 	 	2007	 	 	Total (1)(2)	 	
AAA	  	$	(26	)	 	$	(57	)	 	$	(48	)	 	$	(41	)	 	$	(172	)	 	$	(24	)	 	$	(15	)	 	$	(21	)	 	$	(38	)	 	$	(98	)	
AA	  	 	(16	)	 	 	(28	)	 	 	1	 	 	 	—  	 	 	 	(43	)	 	 	(3	)	 	 	(58	)	 	 	(3	)	 	 	(1	)	 	 	(65	)	
A	  	 	(4	)	 	 	(11	)	 	 	(2	)	 	 	—  	 	 	 	(17	)	 	 	(11	)	 	 	(12	)	 	 	(4	)	 	 	—  	 	 	 	(27	)	
BBB	  	 	1	 	 	 	(1	)	 	 	(13	)	 	 	—  	 	 	 	(13	)	 	 	(7	)	 	 	(10	)	 	 	(27	)	 	 	(2	)	 	 	(46	)	
BB	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	)	 	 	(3	)	 	 	(11	)	 	 	—  	 	 	 	(15	)	
B	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
CCC and lower	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	4	 	 	 	—  	 	 	 	6	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	(45	)	 	$	(97	)	 	$	(62	)	 	$	(41	)	 	$	(245	)	 	$	(45	)	 	$	(97	)	 	$	(62	)	 	$	(41	)	 	$	(245	)	

(1)	We do not have any 2008 vintage mortgage-backed and asset-backed securities collateralized by Alt-A residential mortgage loans. 	

(2)	The following table sets forth the fair value of these Alt-A investments by pricing source as of the date indicated:	

 	  	December 31, 2008	 	
   	  	Fair Value	  	% of
Total	 	
Priced via industry standard pricing methodologies	  	$	482	  	98	%	
Priced via broker indicative market prices	  	 	—  	  	—  	 	
Priced via internally developed models	  	 	9	  	2	 	
	  	 	 	  	 	 	
Total Alt-A investments	  	$	491	  	100	%	

61

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Additional Information on Commercial Mortgage-backed Securities
(amounts in millions)
Fair Value by Vintage as of December 31, 2008:

 	  	Original Rating	  	Current Rating	
S&P Rating	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	
AAA	  	$	1,796	  	$	355	  	$	412	  	$	341	  	$	2,904	  	$	1,813	  	$	398	  	$	442	  	$	312	  	$	2,965	
AA	  	 	56	  	 	56	  	 	161	  	 	68	  	 	341	  	 	73	  	 	63	  	 	136	  	 	68	  	 	340	
A	  	 	73	  	 	73	  	 	67	  	 	64	  	 	277	  	 	65	  	 	29	  	 	74	  	 	92	  	 	260	
BBB	  	 	51	  	 	21	  	 	48	  	 	15	  	 	135	  	 	59	  	 	24	  	 	49	  	 	16	  	 	148	
BB	  	 	33	  	 	—  	  	 	—  	  	 	—  	  	 	33	  	 	33	  	 	1	  	 	1	  	 	—  	  	 	35	
B	  	 	18	  	 	—  	  	 	—  	  	 	—  	  	 	18	  	 	8	  	 	—  	  	 	—  	  	 	—  	  	 	8	
CCC and lower	  	 	26	  	 	10	  	 	14	  	 	—  	  	 	50	  	 	2	  	 	—  	  	 	—  	  	 	—  	  	 	2	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	2,053	  	$	515	  	$	702	  	$	488	  	$	3,758	  	$	2,053	  	$	515	  	$	702	  	$	488	  	$	3,758	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Fair Value by Vintage as of September 30, 2008:

 	  	Original Rating	  	Current Rating	
S&P Rating	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	  	2004 and
Prior	  	2005	  	2006	  	2007	  	Total (1)(2)	
AAA	  	$	1,956	  	$	401	  	$	515	  	$	456	  	$	3,328	  	$	1,993	  	$	418	  	$	544	  	$	424	  	$	3,379	
AA	  	 	98	  	 	89	  	 	270	  	 	124	  	 	581	  	 	104	  	 	90	  	 	246	  	 	156	  	 	596	
A	  	 	105	  	 	102	  	 	123	  	 	125	  	 	455	  	 	126	  	 	88	  	 	128	  	 	125	  	 	467	
BBB	  	 	60	  	 	24	  	 	72	  	 	37	  	 	193	  	 	41	  	 	29	  	 	81	  	 	37	  	 	188	
BB	  	 	53	  	 	—  	  	 	—  	  	 	—  	  	 	53	  	 	47	  	 	1	  	 	2	  	 	—  	  	 	50	
B	  	 	26	  	 	—  	  	 	—  	  	 	—  	  	 	26	  	 	12	  	 	—  	  	 	—  	  	 	—  	  	 	12	
CCC and lower	  	 	29	  	 	10	  	 	21	  	 	—  	  	 	60	  	 	4	  	 	—  	  	 	—  	  	 	—  	  	 	4	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	2,327	  	$	626	  	$	1,001	  	$	742	  	$	4,696	  	$	2,327	  	$	626	  	$	1,001	  	$	742	  	$	4,696	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Net Unrealized Losses by Vintage as of December 31, 2008:

 	  	Original Rating	 	 	Current Rating	 	
S&P Rating	  	2004 and
Prior	 	 	2005	 	 	2006	 	 	2007	 	 	Total (1)(2)	 	 	2004 and
Prior	 	 	2005	 	 	2006	 	 	2007	 	 	Total (1)(2)	 	
AAA	  	$	(184	)	 	$	(73	)	 	$	(147	)	 	$	(207	)	 	$	(611	)	 	$	(195	)	 	$	(74	)	 	$	(160	)	 	$	(195	)	 	$	(624	)	
AA	  	 	(58	)	 	 	(52	)	 	 	(155	)	 	 	(94	)	 	 	(359	)	 	 	(51	)	 	 	(58	)	 	 	(147	)	 	 	(94	)	 	 	(350	)	
A	  	 	(50	)	 	 	(50	)	 	 	(94	)	 	 	(103	)	 	 	(297	)	 	 	(38	)	 	 	(40	)	 	 	(91	)	 	 	(115	)	 	 	(284	)	
BBB	  	 	(22	)	 	 	(17	)	 	 	(43	)	 	 	(35	)	 	 	(117	)	 	 	(43	)	 	 	(19	)	 	 	(48	)	 	 	(35	)	 	 	(145	)	
BB	  	 	(34	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(34	)	 	 	(23	)	 	 	(2	)	 	 	(3	)	 	 	—  	 	 	 	(28	)	
B	  	 	(9	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(9	)	 	 	(6	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(6	)	
CCC and lower	  	 	(2	)	 	 	(1	)	 	 	(10	)	 	 	—  	 	 	 	(13	)	 	 	(3	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(3	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total	  	$	(359	)	 	$	(193	)	 	$	(449	)	 	$	(439	)	 	$	(1,440	)	 	$	(359	)	 	$	(193	)	 	$	(449	)	 	$	(439	)	 	$	(1,440	)	

(1)	We do not have any 2008 vintage commercial mortgage-backed securities.	

(2)	As of December 31, 2008, 40% of our commercial mortgage-backed securities related to loans with fixed interest rates, and 60% related to loans with floating interest rates. The average original loan-to-value ratio for commercial mortgage-backed securities included in our fixed maturity portfolio is 62%. The following table sets forth the fair value of these investments by pricing source as of the date indicated:	

		
 	  	December 31, 2008	 	
   	  	Fair Value	  	% of
Total	 	
Priced via industry standard pricing methodologies	  	$	3,331	  	89	%	
Priced via indicative market prices	  	 	192	  	5	 	
Priced via internally developed models	  	 	235	  	6	 	
	  	 	 	  	 	 	
Total commercial mortgage-backed securities	  	$	3,758	  	100	%	

62

Table of Contents
GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Commercial Mortgage Loans Summary
(amounts in millions)

 	  	December 31, 2008	 	 	September 30, 2008	 	 	June 30, 2008	 	 	March 31, 2008	 	 	December 31, 2007	 	
Summary of Commercial Mortgage Loans	  	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	 	Carrying
Amount	 	 	% of
Total	 	
Geographic Region	  				 			 	 				 			 				 				 				 			 				 			
Pacific	  	$	2,137	 	 	 	26	% 	 	$	2,192	 	 	26	%	 	$	2,247	 	 	 	27	%	 	$	2,323	 	 	27	%	 	$	2,339	 	 	26	%	
South Atlantic	  	 	1,958	 	 	 	24	 	 	 	1,984	 	 	23	 	 	 	1,990	 	 	 	23	 	 	 	2,023	 	 	23	 	 	 	2,057	 	 	23	 	
Middle Atlantic	  	 	1,083	 	 	 	13	 	 	 	1,090	 	 	13	 	 	 	1,109	 	 	 	13	 	 	 	1,155	 	 	13	 	 	 	1,226	 	 	14	 	
East North Central	  	 	791	 	 	 	10	 	 	 	810	 	 	10	 	 	 	826	 	 	 	10	 	 	 	857	 	 	10	 	 	 	874	 	 	10	 	
Mountain	  	 	746	 	 	 	9	 	 	 	775	 	 	9	 	 	 	783	 	 	 	9	 	 	 	790	 	 	9	 	 	 	794	 	 	9	 	
West South Central	  	 	357	 	 	 	4	 	 	 	378	 	 	5	 	 	 	386	 	 	 	4	 	 	 	398	 	 	4	 	 	 	409	 	 	4	 	
West North Central	  	 	434	 	 	 	5	 	 	 	437	 	 	5	 	 	 	451	 	 	 	5	 	 	 	467	 	 	5	 	 	 	464	 	 	5	 	
East South Central	  	 	252	 	 	 	3	 	 	 	261	 	 	3	 	 	 	267	 	 	 	3	 	 	 	294	 	 	3	 	 	 	296	 	 	3	 	
New England	  	 	520	 	 	 	6	 	 	 	533	 	 	6	 	 	 	526	 	 	 	6	 	 	 	528	 	 	6	 	 	 	514	 	 	6	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	8,278	 	 	 	100	%	 	 	8,460	 	 	100	%	 	 	8,585	 	 	 	100	%	 	 	8,835	 	 	100	%	 	 	8,973	 	 	100	%	
	  				 	 	 	 	 				 	 	 	 				 	 	 	 	 				 	 	 	 				 	 	 	
Allowance for losses	  	 	(23	)	 			 	 	 	(21	)	 			 	 	(20	)	 				 	 	(21	)	 			 	 	(26	)	 			
Unamortized fees and costs	  	 	7	 	 			 	 	 	8	 	 			 	 	8	 	 				 	 	8	 	 			 	 	6	 	 			
	  	 	 	 	 			 	 	 	 	 	 			 	 	 	 	 				 	 	 	 	 			 	 	 	 	 			
Total	  	$	8,262	 	 			 	 	$	8,447	 	 			 	$	8,573	 	 				 	$	8,822	 	 			 	$	8,953	 	 			
	  	 	 	 	 			 	 	 	 	 	 			 	 	 	 	 				 	 	 	 	 			 	 	 	 	 			
Property Type	  				 			 	 				 			 				 				 				 			 				 			
Office	  	$	2,182	 	 	 	26	%	 	$	2,233	 	 	26	%	 	$	2,271	 	 	 	26	%	 	$	2,371	 	 	27	%	 	$	2,454	 	 	27	%	
Industrial	  	 	2,143	 	 	 	26	 	 	 	2,178	 	 	26	 	 	 	2,220	 	 	 	26	 	 	 	2,292	 	 	26	 	 	 	2,326	 	 	26	 	
Retail	  	 	2,393	 	 	 	29	 	 	 	2,420	 	 	29	 	 	 	2,446	 	 	 	28	 	 	 	2,476	 	 	27	 	 	 	2,465	 	 	27	 	
Apartments	  	 	902	 	 	 	11	 	 	 	1,629	 	 	19	 	 	 	988	 	 	 	12	 	 	 	1,031	 	 	12	 	 	 	1,054	 	 	12	 	
Mixed use/other	  	 	658	 	 	 	8	 	 	 	—  	 	 	—  	 	 	 	660	 	 	 	8	 	 	 	665	 	 	8	 	 	 	674	 	 	8	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	8,278	 	 	 	100	%	 	 	8,460	 	 	100	%	 	 	8,585	 	 	 	100	%	 	 	8,835	 	 	100	%	 	 	8,973	 	 	100	%	
	  				 	 	 	 	 				 	 	 	 				 	 	 	 	 				 	 	 	 				 	 	 	
Allowance for losses	  	 	(23	)	 			 	 	 	(21	)	 			 	 	(20	)	 				 	 	(21	)	 			 	 	(26	)	 			
Unamortized fees and costs	  	 	7	 	 			 	 	 	8	 	 			 	 	8	 	 				 	 	8	 	 			 	 	6	 	 			
	  	 	 	 	 			 	 	 	 	 	 			 	 	 	 	 				 	 	 	 	 			 	 	 	 	 			
Total	  	$	8,262	 	 			 	 	$	8,447	 	 			 	$	8,573	 	 				 	$	8,822	 	 			 	$	8,953	 	 			

   	  	Principal
Balance	 	 	% of
Total	 	 	Principal
Balance	 	 	% of
Total	 	 	Principal
Balance	 	 	% of
Total	 	 	Principal
Balance	 	 	% of
Total	 	 	Principal
Balance	 	 	% of
Total	 	
Loan Size	  				 			 	 				 			 				 				 				 			 				 			
Under $5 million	  	$	3,399	 	 	 	41	%	 	$	3,463	 	 	41	%	 	$	3,511	 	 	 	42	%	 	$	3,631	 	 	41	%	 	$	3,671	 	 	41	%	
$5 million but less than $10 million	  	 	1,946	 	 	 	24	 	 	 	1,966	 	 	23	 	 	 	2,011	 	 	 	23	 	 	 	2,080	 	 	24	 	 	 	2,073	 	 	23	 	
$10 million but less than $20 million	  	 	1,513	 	 	 	18	 	 	 	1,616	 	 	19	 	 	 	1,645	 	 	 	19	 	 	 	1,630	 	 	18	 	 	 	1,646	 	 	18	 	
$20 million but less than $30 million	  	 	358	 	 	 	4	 	 	 	360	 	 	4	 	 	 	362	 	 	 	4	 	 	 	431	 	 	5	 	 	 	442	 	 	5	 	
$30 million and over	  	 	1,050	 	 	 	13	 	 	 	1,054	 	 	13	 	 	 	1,055	 	 	 	12	 	 	 	1,055	 	 	12	 	 	 	1,116	 	 	13	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	8,266	 	 	 	100	%	 	 	8,459	 	 	100	%	 	 	8,584	 	 	 	100	%	 	 	8,827	 	 	100	%	 	 	8,948	 	 	100	%	
	  				 	 	 	 	 				 	 	 	 				 	 	 	 	 				 	 	 	 				 	 	 	
Net premium/discount	  	 	12	 	 			 	 	 	1	 	 			 	 	1	 	 				 	 	8	 	 			 	 	25	 	 			
	  	 	 	 	 			 	 	 	 	 	 			 	 	 	 	 				 	 	 	 	 			 	 	 	 	 			
Total	  	$	8,278	 	 			 	 	$	8,460	 	 			 	$	8,585	 	 				 	$	8,835	 	 			 	$	8,973	 	 			

	  				 				 				 			 				 				 				 			 				 			
   	  	December 31,
2008	 	 	   	 	 	September 30,
2008	 	 	 	 	 	June 30,
2008	 	 	 	 	 	March 31,
2008	 	 	 	 	 	December 31,
2007	 	 	 	 	
Allowance for Losses on Commercial Mortgage Loans	  				 			 	 				 			 				 				 				 			 				 			
Beginning balance	  	$	21	 	 			 	 	$	20	 	 			 	$	21	 	 				 	$	26	 	 			 	$	21	 	 			
Provisions	  	 	2	 	 			 	 	 	1	 	 			 	 	—  	 	 				 	 	—  	 	 			 	 	5	 	 			
Releases	  				 			 	 	 	—  	 	 			 	 	(1	)	 				 	 	(5	)	 			 	 	—  	 	 			
	  	 	 	 	 			 	 	 	 	 	 			 	 	 	 	 				 	 	 	 	 			 	 	 	 	 			
Ending balance	  	$	23	 	 			 	 	$	21	 	 			 	$	20	 	 				 	$	21	 	 			 	$	26	 	 			

Commercial Mortgage Loan Information by Vintage
(loan amounts in millions)
As of December 31, 2008	 

Loan year	  	Total loan balance	 	 	Delinquent
loan balance	 	 	Number of loans	 	 	Number of
delinquent
loans	 	 	Average balance
per loan	 	 	Average balance
per delinquent
loan	 	 	Average
loan-to-value (1)	 	 	 	 	 	 	 	 	 	 	
2004 and prior	  	$	3,037	 	 	$	—  	 	 	 	1,169	 	 	—  	 	 	$	3	 	 	$	—  	 	 	 	48	%	 			 				 			
2005	  	 	1,700	 	 	 	—  	 	 	 	330	 	 	—  	 	 	$	5	 	 	 	—  	 	 	 	55	%	 			 				 			
2006	  	 	1,637	 	 	 	—  	 	 	 	303	 	 	—  	 	 	$	5	 	 	 	—  	 	 	 	57	%	 			 				 			
2007	  	 	1,573	 	 	 	—  	 	 	 	206	 	 	—  	 	 	$	8	 	 	 	—  	 	 	 	60	%	 			 				 			
2008	  	 	319	 	 	 	—  	 	 	 	209	 	 	—  	 	 	$	2	 	 	 	—  	 	 	 	63	%	 			 				 			
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 				 			 				 			
Total	  	$	8,266	 	 	$	—  	 	 	 	2,217	 	 	—  	 	 	$	4	 	 	$	—  	 	 	 	54	%	 			 				 			

(1)	Represents loan-to-value at origination.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 General Account GAAP Net Investment Income Yields
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
GAAP Net Investment Income	  			 	 				 				 				 				 				 				 				 				 				
Fixed maturities—taxable	  	$	684	 	 	$	715	 	 	$	715	 	 	$	764	 	 	$	2,878	 	 	$	802	 	 	$	821	 	 	$	792	 	 	$	774	 	 	$	3,189	 	
Fixed maturities—non-taxable	  	 	29	 	 	 	29	 	 	 	26	 	 	 	25	 	 	 	109	 	 	 	25	 	 	 	26	 	 	 	26	 	 	 	25	 	 	 	102	 	
Commercial mortgage loans	  	 	121	 	 	 	123	 	 	 	136	 	 	 	143	 	 	 	523	 	 	 	142	 	 	 	142	 	 	 	134	 	 	 	130	 	 	 	548	 	
Equity securities	  	 	4	 	 	 	5	 	 	 	10	 	 	 	10	 	 	 	29	 	 	 	11	 	 	 	6	 	 	 	7	 	 	 	7	 	 	 	31	 	
Other invested assets	  	 	8	 	 	 	20	 	 	 	22	 	 	 	18	 	 	 	68	 	 	 	19	 	 	 	11	 	 	 	17	 	 	 	6	 	 	 	53	 	
Limited partnerships (1)	  	 	(35	)	 	 	(31	)	 	 	(10	)	 	 	6	 	 	 	(70	)	 	 	9	 	 	 	26	 	 	 	5	 	 	 	4	 	 	 	44	 	
Policy loans	  	 	40	 	 	 	43	 	 	 	40	 	 	 	39	 	 	 	162	 	 	 	38	 	 	 	36	 	 	 	36	 	 	 	34	 	 	 	144	 	
Cash, cash equivalents and short-term investments	  	 	30	 	 	 	36	 	 	 	41	 	 	 	25	 	 	 	132	 	 	 	32	 	 	 	28	 	 	 	32	 	 	 	27	 	 	 	119	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	881	 	 	 	940	 	 	 	980	 	 	 	1,030	 	 	 	3,831	 	 	 	1,078	 	 	 	1,096	 	 	 	1,049	 	 	 	1,007	 	 	 	4,230	 	
Expenses and fees	  	 	(24	)    	 	 	(22	)	 	 	(27	)	 	 	(28	)	 	 	(101	)	 	 	(25	)	 	 	(22	)	 	 	(25	)	 	 	(23	)	 	 	(95	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	$	857	 	 	$	918	 	 	$	953	 	 	$	1,002	 	 	$	3,730	 	 	$	1,053	 	 	$	1,074	 	 	$	1,024	 	 	$	984	 	 	$	4,135	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Annualized Yields	  			 	 				 				 				 				 				 				 				 				 				
Fixed maturities—taxable	  	 	5.6	%	 	 	5.5	%	 	 	5.4	%	 	 	5.7	%	 	 	5.6	%	 	 	5.9	%	 	 	6.1	%	 	 	6.0	%	 	 	5.9	%	 	 	6.0	%	
Fixed maturities—non-taxable	  	 	4.5	%	 	 	4.7	%	 	 	4.5	%	 	 	4.6	%	 	 	4.6	%	 	 	4.6	%	 	 	4.8	%	 	 	4.6	%	 	 	4.8	%	 	 	4.7	%	
Commercial mortgage loans	  	 	5.8	%	 	 	5.8	%	 	 	6.2	%	 	 	6.4	%	 	 	6.1	%	 	 	6.4	%	 	 	6.4	%	 	 	6.2	%	 	 	6.2	%	 	 	6.3	%	
Equity securities	  	 	4.9	%	 	 	5.0	%	 	 	10.3	%	 	 	11.2	%	 	 	8.2	%	 	 	16.0	%	 	 	13.4	%	 	 	16.1	%	 	 	15.2	%	 	 	14.5	%	
Other invested assets	  	 	2.2	%	 	 	10.9	%	 	 	11.7	%	 	 	10.9	%	 	 	7.1	%	 	 	16.6	%	 	 	9.8	%	 	 	13.9	%	 	 	5.5	%	 	 	11.2	%	
Limited partnerships (1)	  	 	-19.5	%	 	 	-17.7	%	 	 	-5.9	%	 	 	3.3	%	 	 	-10.3	%	 	 	5.9	%	 	 	21.2	%	 	 	4.9	%	 	 	5.3	%	 	 	9.9	%	
Policy loans	  	 	9.0	%	 	 	9.4	%	 	 	9.2	%	 	 	9.4	%	 	 	9.2	%	 	 	9.2	%	 	 	9.0	%	 	 	9.2	%	 	 	9.0	%	 	 	9.1	%	
Cash, cash equivalents and short-term investments	  	 	1.7	%	 	 	2.6	%	 	 	3.3	%	 	 	2.9	%	 	 	2.5	%	 	 	4.0	%	 	 	3.6	%	 	 	5.0	%	 	 	4.6	%	 	 	4.2	%	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	4.9	%	 	 	5.2	%	 	 	5.4	%	 	 	5.8	%	 	 	5.3	%	 	 	6.0	%	 	 	6.2	%	 	 	6.0	%	 	 	5.9	%	 	 	6.0	%	
Expenses and fees	  	 	-0.1	%	 	 	-0.1	%	 	 	-0.1	%	 	 	-0.2	%	 	 	-0.1	%	 	 	-0.1	%	 	 	-0.1	%	 	 	-0.1	%	 	 	-0.1	%	 	 	-0.1	%	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	 	4.8	%	 	 	5.1	%	 	 	5.3	%	 	 	5.6	%	 	 	5.2	%	 	 	5.9	%	 	 	6.1	%	 	 	5.9	%	 	 	5.8	%	 	 	5.9	%	

 
Yields for fixed maturities and equity securities are based on amortized cost and cost, respectively. Yields for securities lending activity, which is included in other invested assets, are calculated net of the corresponding securities lending liability.
(1)	Limited partnership investments are equity-based and do not have fixed returns by period.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q4	 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	
Net Investment Gains (Losses), Net of Taxes and Other Adjustments	  			 	  				 				 				 				 				
Net realized gains (losses) on available-for-sale securities:	  			 	  				 				 				 				 				
Fixed Maturities:	  			 	  				 				 				 				 				
U.S. corporate	  	$	(5	)	  	$	(78	)	 	$	(6	)	 	$	(1	)	 	$	(90	)	 	$	1	 	
U.S. government, agencies & government sponsored entities	  	 	—  	 	  	 	5	 	 	 	6	 	 	 	—  	 	 	 	11	 	 	 	—  	 	
Foreign corporate	  	 	(3	)	  	 	(4	)	 	 	8	 	 	 	—  	 	 	 	1	 	 	 	—  	 	
Foreign government	  	 	9	 	  	 	7	 	 	 	7	 	 	 	2	 	 	 	25	 	 	 	—  	 	
Tax exempt	  	 	—  	 	  	 	—  	 	 	 	3	 	 	 	—  	 	 	 	3	 	 	 	—  	 	
Mortgage-backed securities (MBS)	  	 	(6	)  	  	 	2	 	 	 	—  	 	 	 	—  	 	 	 	(4	)	 	 	(5	)	
Asset-backed securities (ABS)	  	 	(4	)	  	 	—  	 	 	 	(1	)	 	 	—  	 	 	 	(5	)	 	 	(1	)	
Equity securities	  	 	(1	)	  	 	(18	)	 	 	—  	 	 	 	1	 	 	 	(18	)	 	 	2	 	
FX	  	 	1	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities	  	 	(9	)	  	 	(86	)	 	 	17	 	 	 	2	 	 	 	(76	)	 	 	(3	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:	  			 	  				 				 				 				 				
Corporate fixed maturities	  	 	(206	)	  	 	(145	)	 	 	(20	)	 	 	(32	)	 	 	(403	)	 	 	(19	)	
Foreign government fixed maturities	  	 	(13	)	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(13	)	 	 	—  	 	
Limited partnerships	  	 	—  	 	  	 	(1	)	 	 	—  	 	 	 	—  	 	 	 	(1	)	 	 	(1	)	
Equity securities	  	 	(11	)	  	 	(56	)	 	 	(3	)	 	 	—  	 	 	 	(70	)	 	 	(3	)	
CML	  	 	(1	)	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(1	)	 	 	—  	 	
Alt-A residential mortgage-backed securities:	  			 	  				 				 				 				 				
AAA	  	 	—  	 	  	 	(5	)	 	 	—  	 	 	 	—  	 	 	 	(5	)	 	 	—  	 	
AA	  	 	(16	)	  	 	(5	)	 	 	(4	)	 	 	—  	 	 	 	(25	)	 	 	—  	 	
A	  	 	(27	)	  	 	(7	)	 	 	(16	)	 	 	(20	)	 	 	(70	)	 	 	(7	)	
BBB	  	 	(16	)	  	 	(12	)	 	 	(5	)	 	 	(10	)	 	 	(43	)	 	 	(7	)	
Below BBB	  	 	(38	)	  	 	(26	)	 	 	(35	)	 	 	(17	)	 	 	(116	)	 	 	(8	)	
Sub-prime residential mortgage-backed securities:	  			 	  				 				 				 				 				
AA	  	 	(3	)	  	 	—  	 	 	 	—  	 	 	 	(2	)	 	 	(5	)	 	 	(18	)	
A	  	 	(2	)	  	 	(3	)	 	 	(8	)	 	 	(3	)	 	 	(16	)	 	 	—  	 	
BBB	  	 	(18	)	  	 	(2	)	 	 	(4	)	 	 	(8	)	 	 	(32	)	 	 	(19	)	
Below BBB	  	 	(99	)	  	 	(44	)	 	 	(40	)	 	 	(15	)	 	 	(198	)	 	 	(34	)	
Prime residential mortgage-backed securities:	  			 	  				 				 				 				 				
A	  	 	(32	)	  	 	(2	)	 	 	(5	)	 	 	(5	)	 	 	(44	)	 	 	—  	 	
BBB	  	 	(13	)	  	 	(1	)	 	 	(3	)	 	 	(1	)	 	 	(18	)	 	 	—  	 	
Below BBB	  	 	(26	)	  	 	(4	)	 	 	—  	 	 	 	—  	 	 	 	(30	)	 	 	—  	 	
Change in intent:	  			 	  				 				 				 				 				
Alt-A	  	 	—  	 	  	 	(30	)	 	 	(55	)	 	 	—  	 	 	 	(85	)	 	 	—  	 	
Sub-prime	  	 	—  	 	  	 	(19	)	 	 	(159	)	 	 	—  	 	 	 	(178	)	 	 	—  	 	
Prime	  	 	—  	 	  	 	(4	)	 	 	(1	)	 	 	—  	 	 	 	(5	)	 	 	—  	 	
Automobile	  	 	—  	 	  	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	(2	)	 	 	—  	 	
Other mortgage-backed securities	  	 	(1	)	  	 	—  	 	 	 	—  	 	 	 	(1	)	 	 	(2	)	 	 	(7	)	
Other asset-backed securities	  	 	(2	)	  	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	(4	)	 	 	—  	 	
Commercial mortgage-backed securities (CMBS):	  			 	  				 				 				 				 				
A	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	(3	)	 	 	(3	)	 	 	—  	 	
BBB	  	 	(1	)	  	 	(2	)	 	 	—  	 	 	 	(1	)	 	 	(4	)	 	 	—  	 	
Below BBB	  	 	(4	)	  	 	(4	)	 	 	(1	)	 	 	(3	)	 	 	(12	)	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments	  	 	(529	)	  	 	(376	)	 	 	(359	)	 	 	(121	)	 	 	(1,385	)	 	 	(123	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized gains (losses) on trading securities	  	 	(18	)	  	 	(6	)	 	 	1	 	 	 	(5	)	 	 	(28	)	 	 	(7	)	
Derivative instruments	  	 	473	 	  	 	(60	)	 	 	6	 	 	 	(22	)	 	 	397	 	 	 	(3	)	
Bank loans	  	 	(13	)	  	 	(3	)	 	 	—  	 	 	 	(2	)	 	 	(18	)	 	 	—  	 	
Commercial mortgage loans held-for-sale market valuation allowance	  	 	(1	)	  	 	—  	 	 	 	(1	)	 	 	1	 	 	 	(1	)	 	 	(3	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes	  	 	(97	)	  	 	(531	)	 	 	(336	)	 	 	(147	)	 	 	(1,111	)	 	 	(139	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
DAC and other intangible amortization related to net investment gains (losses)	  	 	8	 	  	 	53	 	 	 	15	 	 	 	19	 	 	 	95	 	 	 	5	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes and other adjustments	  	$	(89	)	  	$	(478	)	 	$	(321	)	 	$	(128	)	 	$	(1,016	)	 	$	(134	)	

 
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 RECONCILIATIONS OF NON-GAAP MEASURES
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Reconciliation of Operating ROE
(amounts in millions)

 	 	Twelve months ended	 	
Twelve Month Rolling Average ROE	 	December 31,
2008	 	 	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	
GAAP Basis ROE	 				 				 				 				 				
Net income (loss) for the twelve months ended (1)	 	$	(572	)	 	$	(73	)	 	$	524	 	 	$	1,012	 	 	$	1,220	 	
Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	 	$	12,486	 	 	$	12,613	 	 	$	12,633	 	 	$	12,549	 	 	$	12,431	 	
GAAP Basis ROE (1) divided by (2)	 	 	-4.6	%	 	 	-0.6	%	 	 	4.1	%	 	 	8.1	%	 	 	9.8	%	
						
Operating ROE	 				 				 				 				 				
Net operating income for the twelve months ended (1)	 	$	469	 	 	$	990	 	 	$	1,138	 	 	$	1,277	 	 	$	1,373	 	
Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	 	$	12,486	 	 	$	12,613	 	 	$	12,633	 	 	$	12,549	 	 	$	12,431	 	
Operating ROE (1) divided by (2)	 	 	3.8	%	 	 	7.8	%	 	 	9.0	%	 	 	10.2	%	 	 	11.0	%	

(1)	The twelve months ended information is derived by adding the four quarters of net income (loss) and net operating income (loss) from page 10 herein.	

(2)	Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending stockholders’ equity, excluding accumulated other comprehensive income (loss), but including equity related to discontinued operations, for the most recent five quarters.	

 	 	Three months ended	 	
Quarterly Average ROE	 	December 31,
2008	 	 	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	
GAAP Basis ROE	 				 				 				 				 				
Net income (loss) for the period ended (3)	 	$	(321	)	 	$	(258	)	 	$	(109	)	 	$	116	 	 	$	178	 	
Average stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	 	$	12,153	 	 	$	12,467	 	 	$	12,688	 	 	$	12,756	 	 	$	12,686	 	
Annualized GAAP Quarterly Basis ROE (3) divided by (4)	 	 	-10.6	%	 	 	-8.3	%	 	 	-3.4	%	 	 	3.6	%	 	 	5.6	%	
						
Operating ROE	 				 				 				 				 				
Net operating income (loss) for the period ended (3)	 	$	(207	)	 	$	220	 	 	$	212	 	 	$	244	 	 	$	314	 	
Average stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	 	$	12,153	 	 	$	12,467	 	 	$	12,688	 	 	$	12,756	 	 	$	12,686	 	
Annualized Operating Quarterly Basis ROE (3) divided by (4)	 	 	-6.8	%	 	 	7.1	%	 	 	6.7	%	 	 	7.7	%	 	 	9.9	%	
 
(3)	Net income (loss) and net operating income (loss) from page 8 herein.	

(4)	Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending stockholders’ equity, excluding accumulated other comprehensive income (loss), but including equity related to discontinued operations.	
Non-GAAP Definition for Operating ROE
The company references the non-GAAP financial measure entitled “operating return on equity” or “operating ROE.” The company defines operating ROE as net operating income (loss) divided by average ending stockholders’ equity, excluding accumulated other comprehensive income (loss) (AOCI) in average ending stockholders’ equity. Management believes that analysis of operating ROE enhances understanding of the efficiency with which the company deploys its capital. However, operating ROE as defined by the company should not be viewed as a substitute for GAAP net income (loss) divided by average ending stockholders’ equity.
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Reconciliation of Expense Ratio
(amounts in millions)

 	  	2008	 	 	2007	 	
   	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
GAAP Basis Expense Ratio	  			 	 				 				 				 				 				 				 				 				 				
Acquisition and operating expenses, net of deferrals (1)	  	$	566	 	 	$	515	 	 	$	551	 	 	$	528	 	 	$	2,160	 	 	$	551	 	 	$	540	 	 	$	495	 	 	$	489	 	 	$	2,075	 	
Total revenues (2)	  	$	2,629	 	 	$	2,168	 	 	$	2,398	 	 	$	2,753	 	 	$	9,948	 	 	$	2,775	 	 	$	2,875	 	 	$	2,765	 	 	$	2,710	 	 	$	11,125	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Expense ratio (1) divided by (2)	  	 	21.5	%	 	 	23.8	%	 	 	23.0	%	 	 	19.2	%	 	 	21.7	%	 	 	19.9	%	 	 	18.8	%	 	 	17.9	%	 	 	18.0	%	 	 	18.7	%	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
GAAP Basis, As Adjusted—Expense Ratio	  			 	 				 				 				 				 				 				 				 				 				
Acquisition and operating expenses, net of deferrals	  	$	566	 	 	$	515	 	 	$	551	 	 	$	528	 	 	$	2,160	 	 	$	551	 	 	$	540	 	 	$	495	 	 	$	489	 	 	$	2,075	 	
Less wealth management	  	 	59	 	 	 	67	 	 	 	67	 	 	 	67	 	 	 	260	 	 	 	70	 	 	 	69	 	 	 	65	 	 	 	60	 	 	 	264	 	
Less lifestyle protection business (a)	  	 	191	 	 	 	200	 	 	 	216	 	 	 	200	 	 	 	807	 	 	 	199	 	 	 	218	 	 	 	183	 	 	 	181	 	 	 	781	 	
Less expenses related to reorganization (b)	  	 	31	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	31	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	8	 	 	 	8	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted acquisition and operating expenses, net of deferrals (3)	  	$	285	 	 	$	248	 	 	$	268	 	 	$	261	 	 	$	1,062	 	 	$	282	 	 	$	253	 	 	$	247	 	 	$	240	 	 	$	1,022	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	$	2,629	 	 	$	2,168	 	 	$	2,398	 	 	$	2,753	 	 	$	9,948	 	 	$	2,775	 	 	$	2,875	 	 	$	2,765	 	 	$	2,710	 	 	$	11,125	 	
Less wealth management	  	 	71	 	 	 	86	 	 	 	86	 	 	 	87	 	 	 	330	 	 	 	90	 	 	 	88	 	 	 	82	 	 	 	76	 	 	 	336	 	
Less lifestyle protection business	  	 	338	 	 	 	370	 	 	 	431	 	 	 	418	 	 	 	1,557	 	 	 	398	 	 	 	410	 	 	 	363	 	 	 	357	 	 	 	1,528	 	
Less net investment gains (losses)	  	 	(143	)   	 	 	(789	)	 	 	(518	)	 	 	(226	)	 	 	(1,676	)	 	 	(214	)	 	 	(48	)	 	 	(51	)	 	 	(19	)	 	 	(332	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted total revenues (4)	  	$	2,363	 	 	$	2,501	 	 	$	2,399	 	 	$	2,474	 	 	$	9,737	 	 	$	2,501	 	 	$	2,425	 	 	$	2,371	 	 	$	2,296	 	 	$	9,593	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted expense ratio (3) divided by (4)	  	 	12.1	%	 	 	9.9	%	 	 	11.2	%	 	 	10.5	%	 	 	10.9	%	 	 	11.3	%	 	 	10.4	%	 	 	10.4	%	 	 	10.5	%	 	 	10.7	%	

Non-GAAP Definition for Expense Ratio
The company references the non-GAAP financial measure entitled “expense ratio” as a measure of productivity. The company defines expense ratio as acquisition and operating expenses, net of deferrals, divided by total revenues, excluding the effects of the company’s wealth management and lifestyle protection businesses. The wealth management and lifestyle protection businesses are excluded from this ratio as their expense bases are comprised of varying levels of non-deferrable acquisition costs. Management believes that the expense ratio analysis enhances understanding of the productivity of the company. However, the expense ratio as defined by the company should not be viewed as a substitute for GAAP acquisition and operating expenses, net of deferrals, divided by total revenues.

(a)	Includes severance and other employee related expenses of $7 million associated with our reorganization announced in the fourth quarter 2008.	

(b)	Includes severance and other employee related expenses associated with our reorganization announced in the fourth quarter of 2008 and the first quarter of 2007.	
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Reconciliation of Core Premiums
(amounts in millions)

 	  	2008	 	 	2007	
 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	  	Q3	  	Q2	  	Q1	  	Total	
Reported premiums	  	$	1,616	 	 	$	1,735	 	 	$	1,709	 	 	$	1,717	 	 	$	6,777	 	 	$	1,670	  	$	1,600	  	$	1,549	  	$	1,511	  	$	6,330	
Less retirement income—spread-based premiums	  	 	105	 	 	 	181	 	 	 	111	 	 	 	167	 	 	 	564	 	 	 	135	  	 	118	  	 	151	  	 	154	  	 	558	
Less impact of changes in foreign exchange rates	  	 	(103	)    	 	 	16	 	 	 	60	 	 	 	65	 	 	 	38	 	 			  			  			  			  			
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Core premiums	  	$	1,614	 	 	$	1,538	 	 	$	1,538	 	 	$	1,485	 	 	$	6,175	 	 	$	1,535	  	$	1,482	  	$	1,398	  	$	1,357	  	$	5,772	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Reported premium percentage change from prior year	  	 	-3.2	%	 	 	8.4	%	 	 	10.3	%	 	 	13.6	%	 	 	7.1	%	 			  			  			  			  			
Core premium percentage change from prior year	  	 	5.1	%	 	 	3.8	%	 	 	10.0	%	 	 	9.4	%	 	 	7.0	%	 			  			  			  			  			
Non-GAAP Definition for Core Premiums
The company references the non-GAAP financial measure entitled “core premiums” as a measure of premium growth. The company defines core premiums as earned premiums less premiums from our retirement income—spread-based business and the impact of changes in foreign exchange rates. The retirement income—spread-based premiums are excluded in this measure primarily because these are single premiums and are not an indication of future premiums. The impact of changes in foreign exchange rates are excluded in this measure to present periods on a comparable exchange rate. Management believes that analysis of core premiums enhances understanding of premium growth of the company. However, core premiums as defined by the company should not be viewed as a substitute for GAAP earned premiums.
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Reconciliation of Core Yield
(Assets—amounts in billions)

 	  	 	  	2008	 	 	2007	 	
 	  	 	  	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
	  	Reported—Total Invested Assets and Cash	  	$	67.9	 	 	$	69.3	 	 	$	73.1	 	 	$	73.3	 	 	$	67.9	 	 	$	73.9	 	 	$	73.5	 	 	$	72.6	 	 	$	71.3	 	 	$	73.9	 	
	  	Subtract:	  			 	 				 				 				 				 				 				 				 				 				
	  	Securities lending	  	 	1.5	 	 	 	1.7	 	 	 	1.8	 	 	 	2.4	 	 	 	1.5	 	 	 	2.4	 	 	 	2.3	 	 	 	2.2	 	 	 	2.2	 	 	 	2.4	 	
	  	Unrealized gains (losses)	  	 	(6.3	)    	 	 	(4.4	)	 	 	(2.3	)	 	 	(1.6	)	 	 	(6.3	)	 	 	(0.3	)	 	 	(0.3	)	 	 	(0.2	)	 	 	1.0	 	 	 	(0.3	)	
	  	Derivative counterparty collateral	  	 	1.6	 	 	 	0.6	 	 	 	0.5	 	 	 	0.7	 	 	 	1.6	 	 	 	0.4	 	 	 	0.2	 	 	 	0.1	 	 	 	0.3	 	 	 	0.4	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	  	Adjusted ends of period invested assets	  	$	71.1	 	 	$	71.4	 	 	$	73.1	 	 	$	71.8	 	 	$	71.1	 	 	$	71.4	 	 	$	71.3	 	 	$	70.5	 	 	$	67.8	 	 	$	71.4	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)	  	Average Invested Assets used in Reported and Core Yield Calculation	  	$	71.3	 	 	$	72.3	 	 	$	72.5	 	 	$	71.6	 	 	$	71.8	 	 	$	71.4	 	 	$	70.9	 	 	$	69.2	 	 	$	67.5	 	 	$	69.6	 	
	  	Subtract: portfolios supporting floating products	  	 	12.6	 	 	 	13.6	 	 	 	14.1	 	 	 	14.1	 	 	 	13.5	 	 	 	14.1	 	 	 	14.2	 	 	 	13.4	 	 	 	12.2	 	 	 	13.5	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)	  	Average Invested Assets used in Core Yield (excl. Floating) Calculation	  	$	58.7	 	 	$	58.7	 	 	$	58.4	 	 	$	57.5	 	 	$	58.3	 	 	$	57.3	 	 	$	56.7	 	 	$	55.8	 	 	$	55.3	 	 	$	56.1	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	  	(Income—amounts in millions)	  			 	 				 				 				 				 				 				 				 				 				
(C)	  	Reported—Net Investment Income	  	$	857	 	 	$	918	 	 	$	953	 	 	$	1,002	 	 	$	3,730	 	 	$	1,053	 	 	$	1,074	 	 	$	1,024	 	 	$	984	 	 	$	4,135	 	
	  	Subtract:	  			 	 				 				 				 				 				 				 				 				 				
	  	Bond calls and commercial mortgage loan prepayments	  	 	5	 	 	 	3	 	 	 	13	 	 	 	12	 	 	 	33	 	 	 	6	 	 	 	14	 	 	 	22	 	 	 	10	 	 	 	52	 	
	  	Reinsurance and reclassification (1)	  	 	11	 	 	 	16	 	 	 	19	 	 	 	15	 	 	 	61	 	 	 	15	 	 	 	26	 	 	 	18	 	 	 	9	 	 	 	68	 	
	  	Other non-core items (2)	  	 	(5	)	 	 	5	 	 	 	2	 	 	 	(1	)	 	 	1	 	 	 	5	 	 	 	1	 	 	 	1	 	 	 	6	 	 	 	13	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(D)	  	Core Net Investment Income	  	 	846	 	 	 	894	 	 	 	919	 	 	 	976	 	 	 	3,635	 	 	 	1,027	 	 	 	1,033	 	 	 	983	 	 	 	959	 	 	 	4,002	 	
	  	Subtract: investment income from portfolios supporting floating products	  	 	87	 	 	 	111	 	 	 	121	 	 	 	164	 	 	 	483	 	 	 	205	 	 	 	209	 	 	 	196	 	 	 	180	 	 	 	790	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(E)	  	Core Net Investment Income (excl. Floating)	  	$	759	 	 	$	783	 	 	$	798	 	 	$	812	 	 	$	3,152	 	 	$	822	 	 	$	824	 	 	$	787	 	 	$	779	 	 	$	3,212	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(C) / (A)	  	Reported Yield	  	 	4.81	%	 	 	5.08	%	 	 	5.26	%	 	 	5.60	%	 	 	5.19	%	 	 	5.90	%	 	 	6.06	%	 	 	5.92	%	 	 	5.84	%	 	 	5.94	%	
(D) / (A)	  	Core Yield (3) 	  	 	4.75	%	 	 	4.95	%	 	 	5.07	%	 	 	5.45	%	 	 	5.06	%	 	 	5.75	%	 	 	5.83	%	 	 	5.69	%	 	 	5.69	%	 	 	5.75	%	
(E) / (B)	  	Core Yield (excl. Floating) (3) 	  	 	5.18	%	 	 	5.34	%	 	 	5.47	%	 	 	5.65	%	 	 	5.41	%	 	 	5.74	%	 	 	5.81	%	 	 	5.65	%	 	 	5.64	%	 	 	5.72	%	
 
Notes:	—Columns may not add due to rounding.	
 	—Yields have been annualized.	
Non-GAAP Definition for Core Yield
The company references the non-GAAP financial measure entitled “core yield” as a measure of investment yield. The company defines core yield as the investment yield adjusted for those items that are not recurring in nature. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield as defined by the company should not be viewed as a substitute for GAAP investment yield.

(1)	Represents imputed investment income related to a reinsurance agreement in our lifestyle protection business. The third quarter of 2007 reflects an expense reclassification of $16 million from net investment income to acquisition and operating expenses, net of deferrals. The reclassification was associated with exit fee accruals for the guarantee fund that the Canadian government requires us to maintain in the event of insolvency. Prior periods were not restated as the adjustment is immaterial to the current period and all prior periods.	

(2)	Includes consent fees, return of investment, mark-to-mark adjustment on assets supporting executive deferred compensation and various other immaterial items.	

(3)	Beginning in 2007, limited partnership assets and investment income were allocated to the operating segments from Corporate and Other. The core yield calculation has been adjusted to include limited partnership assets and investment income to reflect the diversified portfolio strategy used to support the Retirement and Protection segment liabilities.	
 
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 CORPORATE INFORMATION
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
 Industry Ratings
Our principal life insurance subsidiaries are rated by A.M. Best, Standard and Poor's (S&P), Moody’s and Fitch as follows:

Company	  	A.M. Best	  	S&P	  	Moody’s	  	Fitch	
Genworth Life Insurance Company	  	A+	  	AA-	  	A1	  	A+	
Genworth Life Insurance Company (short-term rating)	  	Not rated	  	A-1+	  	P-1	  	Not rated	
Genworth Life and Annuity Insurance Company	  	A+	  	AA-	  	A1	  	A+	
Genworth Life and Annuity Insurance Company (short-term rating)	  	Not rated	  	A-1+	  	P-1	  	Not rated	
Genworth Life Insurance Company of New York	  	A+	  	AA-	  	A1	  	A+	
Continental Life Insurance Company of Brentwood, Tennessee	  	A	  	Not rated	  	Not rated	  	A+	
American Continental Insurance Company	  	A-	  	Not rated	  	Not rated	  	Not rated	
Our mortgage insurance subsidiaries are rated by S&P and Moody’s as follows:

Company	  	S&P	  	Moody’s	
Genworth Mortgage Insurance Corporation	  	A+	  	Aa3	
Genworth Financial Mortgage Insurance Pty. Limited	  	AA	  	Aa3	
Genworth Financial Mortgage Insurance Limited	  	A	  	Aa3	
Genworth Residential Mortgage Insurance Corporation of NC	  	A+	  	Aa3	
Genworth Financial Assurance Corporation	  	Not rated	  	Aa3	
Genworth Financial Mortgage Insurance Company Canada (1)	  	AA	  	Not rated	
Genworth Seguros de Credito a la Vivienda S.A. de C.V.	  	mxAAA	  	Aa1.mx	

(1)	Genworth Financial Mortgage Insurance Company Canada is also rated “AA” by Dominion Bond Rating Service (DBRS).	
The A.M. Best, S&P, Moody’s and Fitch ratings are not designed to be, and do not serve as, measures of protection or valuation offered to investors. These financial strength ratings should not be relied on with respect to making an investment in our securities.
A.M. Best states that its “A+” (Superior) rating is assigned to those companies that have, in its opinion, a superior ability to meet their ongoing obligations to policyholders. The “A” and “A-” (Excellent) ratings are assigned to companies that have, in its opinion, an excellent ability to meet their ongoing insurance obligations. The “A+” (Superior), “A” and “A-” (Excellent) ratings are the second-, third- and fourth-highest of fifteen ratings assigned by A.M. Best, which range from “A++” to “F.”
S&P states that an insurer rated “AA” (Very Strong) has very strong financial security characteristics and is highly likely to have the ability to meet financial commitments, while an insurer rated “A” (Strong) has strong financial security characteristics. The “AA” and “A” ranges are the second- and third-highest of nine financial strength rating ranges assigned by S&P, which range from “AAA” to “R.” A plus (+) or minus (-) shows relative standing in a rating category. Accordingly, the “AA”, “AA-”, “A+” and “A” ratings are the third-, fourth-, fifth- and sixth-highest of S&P's 21 ratings categories. The short-term “A-1” rating is the highest rating and shows the capacity to meet financial commitments is strong. Within this category, the designation of a plus sign (+) indicates capacity to meet its financial commitments is extremely strong. An obligor rated “mxAAA” has a very strong capacity to meet its financial commitments relative to that of other Mexican obligors. The “mxAAA” rating is the highest enterprise credit rating assigned on S&P’s CaVal national scale.
 
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GENWORTH FINANCIAL, INC.
4Q 2008 FINANCIAL SUPPLEMENT
 
Industry Ratings (continued)
Moody’s states that insurance companies rated “Aa” (Excellent) offer excellent financial security and constitute what are generally known as high-grade companies. Moody's states that insurance companies rated “A” (Good) offer good financial security. The “Aa” and “A” ranges are the second- and third-highest of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the group, with 1 being the highest and 3 being the lowest. Accordingly, the “Aa3” and “A1” ratings are the fourth- and fifth-highest of Moody’s 21 ratings categories. Short-term rating “P-1” is the highest rating and shows superior ability for repayment of senior note short-term policyholder claims and obligations. Issuers or issues rated “Aa.mx” demonstrate very strong creditworthiness relative to other issuers in Mexico.
Fitch states that “A” (Strong) rated insurance companies are viewed as possessing strong capacity to meet policyholder and contract obligations. The “A” rating category is the third-highest of eight financial strength rating categories, which range from “AAA” to “C.” The symbol (+) or (-) may be appended to a rating to indicate the relative position of a credit within a rating category. These suffixes are not added to ratings in the ‘‘AAA’’ category or to ratings below the “CCC” category. Accordingly, the “A+” rating is the fifth-highest of Fitch's 21 ratings categories.
DBRS states that long-term debt rated “AA” is of superior credit quality. Given the extremely restrictive definition DBRS has for the “AAA” category, entities rated “AA” are also considered to be strong credits, typically exemplifying above-average strength in key areas of consideration and unlikely to be significantly affected by reasonably foreseeable events.
A.M. Best, S&P, Moody’s, Fitch and DBRS review their ratings periodically and we cannot assure you that we will maintain our current ratings in the future. Other agencies may also rate our company or our insurance subsidiaries on a solicited or an unsolicited basis.
About Genworth Financial
Genworth is a leading financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers, with a presence in more than 25 countries. For more information, visit www.genworth.com.
Inquiries:
Alicia Charity, 804-662-2248
Alicia.Charity@genworth.com
 
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