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
 
November 6, 2008
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 November 6, 2008, Genworth Financial, Inc. issued (1) a press release announcing its financial results for the quarter ended September 30, 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 September 30, 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 November 6, 2008.	
		
99.2	  	Financial Supplement for the quarter ended September 30, 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: November 6, 2008	 		 	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 November 6, 2008.	
		
99.2	  	Financial Supplement for the quarter ended September 30, 2008.	
 
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Exhibit 99.1

Genworth Financial Reports Third Quarter Net Operating Income
Of $0.51 Per Diluted Share—Loss From Continuing Operations of $0.60
Per Diluted Share
Richmond, VA (November 6, 2008) – Genworth Financial, Inc. (NYSE: GNW) today reported a loss from continuing operations for the third quarter of 2008 of $258 million, or $0.60 per diluted share, compared with income of $339 million, or $0.76 per diluted share, in the third quarter of 2007. Net operating income for the third quarter of 2008 was $220 million, or $0.51 per diluted share, compared to net operating income of $368 million, or $0.83 per diluted share, in the third quarter of 2007.

 	  	Three months ended September 30
(Unaudited)	
 	  	2008	 	 	2007	
 	  	Total	 	 	Per diluted
share	 	 	Total	  	Per diluted
share	
( Amounts in millions, except per share )	  				 				 			  			
Income (loss) from continuing operations	  	$	(258	)	 	$	(0.60	)	 	$	339	  	$	0.76	
Net income (loss)	  	$	(258	)	 	$	(0.60	)	 	$	339	  	$	0.76	
Net operating income 1	  	$	220	 	 	$	0.51	 	 	$	368	  	$	0.83	
Weighted average diluted shares	  	 	433.1	 	 				 	 	445.6	  			
Third quarter results reflected net investment losses of $478 million, net of tax and amortization of deferred acquisition costs (DAC), including $321 million of credit and/or cash flow related impairments, $55 million of impairments related to a change of intent to hold securities to recovery and $86 million of net realized losses from asset sales associated primarily with portfolio repositioning activities. Of total impairments, $153 million, net of tax, related to sub-prime and Alt-A residential mortgage and asset-backed securities, and $145 million, net of tax, in corporate bonds concentrated among several large financial services issuers.

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.	

Accounting Principles Board (APB) Opinion No. 28, Interim Financial Reporting, requires that tax benefits be recorded during the year in proportion to pre-tax income. As a result, tax benefits on operating income that would otherwise have been recognized earlier in the year are recognized in the third quarter, and the operating effective tax rate was nearly eight percent in the quarter and 26 percent year to date. On a full year basis, Genworth’s effective tax rate on operating income is expected to be between 23 percent and 25 percent.
“This was a disappointing quarter for the company, which was compounded by the ongoing turmoil in the credit, equity and housing markets,” said Michael D. Fraizer, chairman and chief executive officer. “In this unprecedented period, we are focused on maintaining appropriate liquidity, and taking additional steps to strengthen our capital levels and maximize our flexibility. Among immediate actions taken are the suspension of our common stock dividend, the formal suspension of our share repurchase program, which has been inactive since the first quarter, and the contribution of $500 million of cash from the holding company to our life operating companies, leaving those companies with a combined 360 percent RBC at the end of the third quarter. We are also looking at other avenues – including the potential for asset sales, debt refinancing or a possible capital raise. These steps may be needed to navigate continued market uncertainty and turmoil in the credit markets, while effectively positioning Genworth for the future.”
Strategic Highlights:
 
•	 	Genworth is managing its liquidity profile effectively, and currently holds approximately $435 million of cash and cash equivalents at the holding company level and approximately $6.2 billion at the insurance company operating levels.	
 
•	 	The life insurance company consolidated risk-based capital ratio is estimated at approximately 360 percent at September 30, 2008, following the contribution of $500 million from the holding company effective as of that date.	
 
•	 	Reinsurance and capital efficiency projects providing capital benefits of approximately $750 million were completed in the third quarter, $115 million were completed since the end of the quarter and additional projects totaling approximately $500 million are targeted for year-end completion.	
 
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•	 	The company is planning to reduce annual expenses by approximately $100 million to $150 million, reflecting refinement of business focus in the Retirement and Protection segment, along with the impact of economic slowdowns in the U.S. and global markets generally. Lower new business volumes will preserve capital while expense reductions could result in a restructuring charge in the fourth quarter of 2008.	
 
•	 	Genworth is evaluating several additional capital flexibility alternatives including potential asset sales, continued review of the U.S. Mortgage Insurance business, and the potential to raise private or public equity, or debt capital.	
 
•	 	The company’s suspension of the common stock dividend will generate approximately $175 million per year in available capital. The share repurchase program also will be suspended for the foreseeable future.	
Genworth is also suspending operating earnings outlook for 2008.
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 net operating income in the third quarter of 2008 was a favorable $5 million.
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.
 
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Retirement and Protection

Retirement and Protection
Net Operating Income (Loss)
 
(in millions)	  	Q3 08	 	 	Q3 07	
Wealth Management	  	$	12	 	 	$	11	
Retirement Income	  				 			
Fee-Based	  	 	(1	)	 	 	40	
Spread-Based	  	 	16	 	 	 	42	
Institutional	  	 	49	 	 	 	10	
Life Insurance	  	 	63	 	 	 	81	
Long Term Care	  	 	39	 	 	 	39	
Total Retirement and Protection	  	$	178	 	 	$	223	

Sales
 
(in millions)	  	Q3 08	  	Q3 07	
Wealth Management	  			  			
Gross Flows	  	$	1,230	  	$	1,665	
Net Flows	  	 	183	  	 	1,098	
Retirement Income	  			  			
Fee-Based	  	 	596	  	 	665	
Spread-Based	  	 	727	  	 	358	
Institutional	  	 	458	  	 	224	
Life Insurance	  	 	76	  	 	96	
Long Term Care	  	 	64	  	 	60	
 
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Assets Under Management (AUM) 2 
 
(in millions)	  	Q3 08	  	Q3 07	
Wealth Management	  	$	18,671	  	$	21,662	
Retirement Income Fee-Based	  	 	7,710	  	 	6,654	
	  	 	 	  	 	 	
Total Fee-Based	  	 	26,381	  	 	28,316	
	  	 	 	  	 	 	
Retirement Income Spread-Based	  	 	20,236	  	 	19,918	
Institutional	  	 	9,253	  	 	11,292	
	  	 	 	  	 	 	
Total Spread-Based	  	 	29,489	  	 	31,210	
	  	 	 	  	 	 	
Total Assets Under Management	  	$	55,870	  	$	59,526	
Retirement and Protection earnings declined $45 million to $178 million, primarily from lower investment income, unfavorable equity markets and a $12 million goodwill impairment in the institutional product line. The decline in net investment income included $36 million lower limited partnership earnings and $15 million related to lower bond calls, mortgage loan prepayments and higher cash balances in a lower short term interest rate environment. The decline in the equity markets resulted in $15 million of additional DAC amortization, higher death benefits and lower fees. These were partially offset by $52 million of income from granting an early redemption request from a distressed institutional customer for funding agreements backing notes (FABNs), at a price discounted to contract value.
Wealth management earnings were $12 million, up nine percent despite equity market declines. AUM declined to $18.7 billion as equity market declines surpassed the $183 million of positive net flows.
Retirement income fee-based results in the quarter were a $1 million net loss, reflecting weak equity market performance that resulted in $8 million of higher DAC amortization, $5 million in higher guaranteed death and withdrawal benefits, in addition to $3 million of lower service related fees. Results in the prior year included a favorable $22 million tax benefit related to the dividends received deduction.

2	Assets under management represent account values, net of reinsurance, and managed third party assets.	
 
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Retirement income spread-based earnings declined to $16 million. Earnings in the current quarter reflected $25 million in lower net investment income from limited partnerships, bond calls, pre-payments and higher cash balances. In addition, there was approximately $5 million of unfavorable mortality as compared to the prior year. These declines were partially offset by lower taxes. Spread-based sales more than doubled to $727 million from higher sales of both immediate annuities and deferred annuities.
Institutional earnings increased to $49 million driven by $52 million of income from the early FABN redemptions noted previously, partially offset by the impairment of all the remaining $12 million of goodwill associated with the product line and the impact of an 18 percent decline in AUM. The goodwill impairment reflects the impact of distressed market conditions on new business viability and the profitability of older blocks. Institutional sales were $458 million. AUM declined $2.0 billion from the September 30, 2007 level of $11.3 billion, primarily from scheduled maturities.
Life insurance earnings decreased to $63 million, as a result of $11 million of lower limited partnership income and ongoing, higher life reserve funding costs. Universal life sales decreased 19 percent, reflecting smaller policy sizes and lower excess deposits. Term life sales decreased 25 percent, reflecting intense pricing competition and the company’s continued shift to focus on the middle market which has a smaller average policy size.
Long term care earnings remained flat as profit emergence associated with new block business growth and performance was offset by lower limited partnership investment income. Total long term care sales increased seven percent to $64 million as growth in career channel and Medicare supplement sales offset lower sales through independent distribution.
 
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International

International
Net Operating Income (Loss)
 
(in millions)	  	Q3 08	 	 	Q3 07	
Mortgage Insurance (MI)	  				 			
Canada	  	$	80	 	 	$	68	
Australia	  	 	48	 	 	 	36	
Other International	  	 	(2	)	 	 	6	
Lifestyle Protection 3	  	 	40	 	 	 	30	
Total International	  	$	166	 	 	$	140	

International
Sales
 
(in billions)	  	Q3 08	  	Q3 07	
Mortgage Insurance	  			  			
Flow	  			  			
Canada	  	$	8.0	  	$	11.0	
Australia	  	 	8.7	  	 	11.4	
Other International	  	 	2.0	  	 	4.7	
Bulk	  			  			
Canada	  	 	0.9	  	 	1.3	
Australia	  	 	0.6	  	 	7.0	
Other International	  	 	1.1	  	 	0.8	
Total International MI	  	$	21.3	  	$	36.2	
Lifestyle Protection	  	$	0.6	  	$	0.7	
Total International earnings increased 15 percent to $166 million. Canadian and Australian mortgage insurance businesses contributed double-digit earnings growth, as did the company’s lifestyle protection business.

3	Lifestyle Protection was formerly referred to as Payment Protection.	
 
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In Canada, earnings grew 16 percent to $80 million from higher premiums, offset partially by higher losses as in force vintages season normally. The loss ratio increased to 25 percent, driven by the seasoning of the larger 2006 and 2007 book years in a slowing economic environment with the loss ratio remaining well below pricing expectations. In Australia, earnings grew 31 percent to $48 million from solid revenue growth and lower taxes. The loss ratio was 48 percent, down slightly from a year ago and higher sequentially as a result of higher mortgage rates and the seasoning of the 2006 and 2007 books in a slowing economy. The net loss of other international mortgage insurance business was $2 million, primarily from higher delinquencies in Spain, where active loss mitigation continues.
Slowing mortgage originations, coupled with selective risk management actions, resulted in a decline in new insurance written in most international markets. In Canada and Australia, flow new insurance written decreased 27 percent and 28 percent, respectively. The decrease in global mortgage securitizations also resulted in very limited bulk sales in both Canada and Australia.
Lifestyle protection earnings increased 23 percent to $40 million, primarily as a result of lower expenses, a lower tax rate and a favorable reserve adjustment for a reinsurance block of business, partially offset by increased claims. Total lifestyle protection sales declined to $636 million from lower sales in the U.K. and Ireland, reflecting declining levels of consumer lending. Sales in established regions, outside of the U.K. and Ireland, grew three percent.
U.S. Mortgage Insurance

U.S. Mortgage Insurance
 
(in millions)	  	Q3 08	 	 	Q3 07	
Net Operating Income (Loss)	  	$	(121	)	 	$	39	
Primary Insurance In Force
 
(in billions)	  	$	175.3	 	 	$	144.8	
Primary Risk In Force
 
(in billions)	  	$	36.5	 	 	$	28.0	
 
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Primary Sales
 
(in billions)	  	   	  	   	
Flow	  	$	6.2	  	$	13.2	
Bulk	  	 	0.1	  	 	2.8	
Total Primary Sales	  	$	6.3	  	$	16.0	
U.S. Mortgage Insurance had a $121 million net operating loss as 16 percent earned premium growth and higher lender captive reinsurance coverage were more than offset by higher incurred losses and higher expenses. Earnings in the quarter benefited from $169 million pretax of lender captive reinsurance coverage. Expenses in the quarter included a write-down of $20 million representing all DAC associated with the 2006 and 2007 book years, which demonstrated declining performance, and a $22 million impairment of all goodwill associated with the segment.
The gross increase in U.S. mortgage insurance loss reserves was $339 million. Flow net reserves increased $132 million, primarily from increased delinquency counts 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, which was partially offset by $169 million of lender captive reinsurance coverage. On a year to date basis, more than 65 percent of the reserve build was related to mortgages in the sand states, which represented 18 percent of flow risk in force. In addition, flow delinquency trends increased in Georgia, Illinois, New Jersey and Minnesota. Bulk reserves increased $38 million in the quarter, primarily from portfolio and GSE Alt-A transactions, where delinquencies have exceeded deductible layers.
Paid claims were $132 million, before taxes, an increase of $83 million versus the third quarter of 2007 and $40 million, sequentially. The average paid claim was $48,600, up from $35,800 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 $41 million of reduced loss exposure for the third quarter, up 95 percent from 2007. The company approved approximately 4,000 workouts, modifications, and presales during the quarter. In addition, investigations and policy rescissions associated with misrepresentation, ineligibility, and policy exclusions resulted in a $76 million reduction in loss exposure.
 
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Flow new insurance written decreased 53 percent to $6.2 billion as overall mortgage originations declined significantly in the quarter and from underwriting and guideline restrictions initiated throughout 2008 including in the quarter, as well as from a higher percentage of the mortgage insurance market going to the Federal Housing Administration (FHA). Underwriting and guideline changes for risk management effectively excluded sales of alternative products such as Alt-A, A minus, and 100 percent loan to value (LTV) loans, which combined represented only one percent of new insurance written during the quarter. Additional steps have been taken to limit production in markets where home prices are expected to decline, bringing the total number of Metropolitan Statistical Areas (MSAs) from 140 in the second quarter of 2008 to 178 at present, where new business is limited to products with a 90 percent or below LTV along with other underwriting conditions. Finally, flow persistency remained strong, rising to 88 percent from 82 percent a year ago.
Genworth recently announced that it will no longer participate in excess of loss captive reinsurance transactions as of January 1, 2009 and going forward on new  production it will only consider participation in quota share reinsurance arrangements.
Corporate and Other

Corporate and Other
 
(in millions)	  	Q3 08	 	 	Q3 07	 	
Net Operating Loss	  	$	(3	)	 	$	(34	)	
Corporate and Other had a net operating loss of $3 million, compared to a $34 million loss in the prior year, primarily from lower taxes.
Investments
Third quarter net realized investment losses of $478 million, net of tax and amortization of DAC, included $321 million of credit and/or cash flow related impairments and $55 million of impairments related to a change of intent to hold securities to recovery, all net of tax. Of total impairments, $153 million, net of tax, related to sub-prime and Alt-A residential mortgage and asset-backed securities, (with the majority currently rated below single-A), and $145 million, net of tax, in corporate bonds concentrated among several large financial services issuers.
 
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The company also realized $86 million of after-tax investment losses from asset sales, associated principally with portfolio repositioning activities.
Limited partnerships generated a $20 million loss compared to a $17 million gain a year ago reflecting declines in real estate partnerships. Bond calls and mortgage loan prepayments were $2 million, net of tax and DAC, compared with $9 million a year ago.
Retirement income fee-based net income included a $22 million loss, net of DAC and tax, from hedge ineffectiveness related to fund underperformance and volatility in the equity markets. Hedging is used to manage the risk associated with living benefit guarantees for the income distribution series products.
Stockholders’ Equity
Stockholders’ equity as of September 30, 2008 was $10.5 billion, or $24.24 per share, compared with $13.3 billion, or $30.32 per share, as of September 30, 2007. Stockholders’ equity, excluding accumulated other comprehensive income (loss), as of September 30, 2008 was $12.3 billion, or $28.44 per share, compared with $12.6 billion, or $28.73 per share, as of September 30, 2007.
The fixed maturity securities portfolio had gross unrealized investment losses of $5,480 million, compared to $3,546 million at the end of the prior quarter, and gross unrealized investment gains of $373 million, versus $549 million in the prior quarter. As of September 30, 2007, our fixed maturity securities portfolio had gross unrealized investment losses of $1,475 million and gross unrealized investment gains of $806 million.
About Genworth Financial
Genworth Financial, Inc. (NYSE:GNW) is a leading public Fortune 500 global financial security company. Genworth has more than $100 billion in assets and employs approximately 7,000 people with a presence in more than 25 countries. Its products and services help meet the investment, protection, retirement and lifestyle needs of over 15 million customers. Genworth operates through three segments: Retirement and Protection, International and U.S. Mortgage Insurance. 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.
 
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Conference Calls and Financial Supplement Information
This press release and the Third Quarter 2008 Financial Supplement are now posted on the company’s website. Investors are encouraged to review all of these materials.
Genworth will conduct a conference call on November 6 at 5 p.m. to (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 November 6 conference call is 800 762.7948 or 480 248.5083 (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 800 406.7325 or 303 590.3030 (outside the U.S.) passcode 3939696#. The replay will be available through November 20, 2008.
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
 
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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) during the periods presented in this press release. 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 months ended September 30, 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.
 
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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 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.
 
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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 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;	
 
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 	•	 	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 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.	
 
16

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
 
17

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

 	  	Three months ended
September 30,	 	
 	  	2008	 	 	2007	 	
Revenues:	  				 				
Premiums	  	$	1,735	 	 	$	1,600	 	
Net investment income	  	 	918	 	 	 	1,074	 	
Net investment gains (losses)	  	 	(816	)	 	 	(48	)	
Insurance and investment product fees and other	  	 	331	 	 	 	249	 	
	  	 	 	 	 	 	 	 	
Total revenues	  	 	2,168	 	 	 	2,875	 	
	  	 	 	 	 	 	 	 	
Benefits and expenses:	  				 				
Benefits and other changes in policy reserves	  	 	1,497	 	 	 	1,168	 	
Interest credited	  	 	319	 	 	 	391	 	
Acquisition and operating expenses, net of deferrals	  	 	515	 	 	 	540	 	
Amortization of deferred acquisition costs and intangibles	  	 	208	 	 	 	202	 	
Interest expense	  	 	125	 	 	 	124	 	
	  	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,664	 	 	 	2,425	 	
	  	 	 	 	 	 	 	 	
Income (loss) from continuing operations before income taxes	  	 	(496	)	 	 	450	 	
Provision (benefit) for income taxes	  	 	(238	)	 	 	111	 	
	  	 	 	 	 	 	 	 	
Net income (loss)	  	$	(258	)	 	$	339	 	
	  	 	 	 	 	 	 	 	
Earnings (loss) from continuing operations per common share:	  				 				
Basic	  	$	(0.60	)	 	$	0.77	 	
	  	 	 	 	 	 	 	 	
Diluted	  	$	(0.60	)	 	$	0.76	 	
	  	 	 	 	 	 	 	 	
Earnings (loss) per common share:	  				 				
Basic	  	$	(0.60	)	 	$	0.77	 	
	  	 	 	 	 	 	 	 	
Diluted	  	$	(0.60	)	 	$	0.76	 	
	  	 	 	 	 	 	 	 	
Weighted-average common shares outstanding:	  				 				
Basic	  	 	433.1	 	 	 	441.1	 	
	  	 	 	 	 	 	 	 	
Diluted	  	 	433.1	 	 	 	445.6	 	

18

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

 	  	Three months ended
September 30,	 	
 	  	2008	 	 	2007	 	
Net operating income:	  				 				
Retirement and Protection segment	  	$	178	 	 	$	223	 	
International segment	  	 	166	 	 	 	140	 	
U.S. Mortgage Insurance segment	  	 	(121	)	 	 	39	 	
Corporate and Other	  	 	(3	)	 	 	(34	)	
	  	 	 	 	 	 	 	 	
Net operating income	  	 	220	 	 	 	368	 	
Net investment gains (losses), net of taxes and other adjustments	  	 	(478	)	 	 	(29	)	
	  	 	 	 	 	 	 	 	
Net income (loss)	  	$	(258	)	 	$	339	 	
	  	 	 	 	 	 	 	 	
Earnings (loss) per common share:	  				 				
Basic	  	$	(0.60	)	 	$	0.77	 	
	  	 	 	 	 	 	 	 	
Diluted	  	$	(0.60	)	 	$	0.76	 	
	  	 	 	 	 	 	 	 	
Net operating earnings per common share:	  				 				
Basic	  	$	0.51	 	 	$	0.83	 	
	  	 	 	 	 	 	 	 	
Diluted	  	$	0.51	 	 	$	0.83	 	
	  	 	 	 	 	 	 	 	
Weighted-average common shares outstanding:	  				 				
Basic	  	 	433.1	 	 	 	441.1	 	
	  	 	 	 	 	 	 	 	
Diluted	  	 	433.1	 	 	 	445.6	 	

19

Table of Contents
Exhibit 99.2

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT

 Table of Contents	  	Page	
Investor Letter	  	3	
Use of Non-GAAP Measures and Selected Operating Performance Measures	  	4	
Financial Highlights	  	5	
		
Third 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 Rollforward	  	15	
		
Quarterly Results by Segment	  		
Net Operating Income (Loss) by Segment	  	17-20	
Net Operating Income (Loss) and Sales—Retirement and Protection	  	21-33	
Net Operating Income (Loss) and Sales—International	  	34-43	
Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance	  	44-54	
Net Operating Loss—Corporate and Other	  	55-56	
		
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 Premiums	  	69	
Reconciliation of Core Yield	  	70	
		
Corporate Information	  		
Industry Ratings	  	72-73	
 
2

Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Dear Investor,
You will note that we have added several new metrics to provide additional transparency into our financial trends. In the International segment, we provide additional detail around the percent of primary risk in-force by loan amount for Canada and Australia. These can be found on pages 40 and 41. In the U.S. Mortgage segment, we provided percent of risk in-force for Primary A minus and Sub Prime and we provide the amount of primary risk in-force associated with second mortgages, these changes can be found on pages 48 and 50, respectively.
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.
3Q 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 nine months ended September 30, 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.
3Q 2008 FINANCIAL SUPPLEMENT
 
Financial Highlights
(amounts in millions, except per share data)

Balance Sheet Data	  	2008	 	 	2007	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Q4	 	 	Q3	 	 	Q2	  	Q1	
Total stockholders’ equity, excluding accumulated other comprehensive income (loss)	  	$	12,317	 	 	$	12,616	 	 	$	12,760	 	 	$	12,751	 	 	$	12,620	 	 	$	12,416	  	$	12,197	
Total accumulated other comprehensive income (loss)	  	 	(1,819	)	 	 	(271	)	 	 	(35	)	 	 	727	 	 	 	697	 	 	 	550	  	 	1,111	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	
Total stockholders’ equity	  	$	10,498	 	 	$	12,345	 	 	$	12,725	 	 	$	13,478	 	 	$	13,317	 	 	$	12,966	  	$	13,308	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	
Book value per common share	  	$	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)	  	$	28.44	 	 	$	29.14	 	 	$	29.49	 	 	$	29.25	 	 	$	28.73	 	 	$	28.05	  	$	27.89	
Common shares outstanding as of balance sheet date	  	 	433.1	 	 	 	432.9	 	 	 	432.7	 	 	 	435.9	 	 	 	439.2	 	 	 	442.6	  	 	437.4	
				
 	  	Twelve months ended	 	 	 	  	 	
Twelve Month Rolling Average ROE	  	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	 	September 30,
2007	 	 	 	  	 	
GAAP Basis ROE	  	 	-0.6	%	 	 	4.1	%	 	 	8.1	%	 	 	9.8	%	 	 	11.5	%	 			  			
Operating ROE	  	 	7.8	%	 	 	9.0	%	 	 	10.2	%	 	 	11.0	%	 	 	11.5	%	 			  			
				
 	  	Three months ended	 	 	 	  	 	
Quarterly Average ROE	  	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	 	September 30,
2007	 	 	 	  	 	
GAAP Basis ROE	  	 	-8.3	%	 	 	-3.4	%	 	 	3.6	%	 	 	5.6	%	 	 	10.8	%	 			  			
Operating ROE	  	 	7.1	%	 	 	6.7	%	 	 	7.7	%	 	 	9.9	%	 	 	11.8	%	 			  			
See page 67 herein for a reconciliation of GAAP Basis ROE to Operating ROE.

Basic and Diluted Shares	  	Three months
ended
September 30,
2008	  	Nine months
ended
September 30,
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
Third Quarter Results
 
6

Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Income (Loss)
(amounts in millions)

 	  	Three months ended
September 30,	 	 	Nine months ended
September 30,	 	
 	  	2008	 	 	2007	 	 	2008	 	 	2007	 	
REVENUES:	  				 				 				 				
Premiums	  	$	1,735	 	 	$	1,600	 	 	$	5,161	 	 	$	4,660	 	
Net investment income	  	 	918	 	 	 	1,074	 	 	 	2,873	 	 	 	3,082	 	
Net investment gains (losses)	  	 	(816	)	 	 	(48	)	 	 	(1,560	)	 	 	(118	)	
Insurance and investment product fees and other	  	 	331	 	 	 	249	 	 	 	845	 	 	 	726	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	2,168	 	 	 	2,875	 	 	 	7,319	 	 	 	8,350	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  				 				 				 				
Benefits and other changes in policy reserves	  	 	1,497	 	 	 	1,168	 	 	 	4,284	 	 	 	3,325	 	
Interest credited	  	 	319	 	 	 	391	 	 	 	984	 	 	 	1,167	 	
Acquisition and operating expenses, net of deferrals	  	 	515	 	 	 	540	 	 	 	1,594	 	 	 	1,524	 	
Amortization of deferred acquisition costs and intangibles	  	 	208	 	 	 	202	 	 	 	620	 	 	 	622	 	
Interest expense	  	 	125	 	 	 	124	 	 	 	347	 	 	 	355	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,664	 	 	 	2,425	 	 	 	7,829	 	 	 	6,993	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(496	)	 	 	450	 	 	 	(510	)	 	 	1,357	 	
Provision (benefit) for income taxes	  	 	(238	)	 	 	111	 	 	 	(259	)	 	 	383	 	
Effective tax rate	  	 	48.0	%	 	 	24.7	%	 	 	50.8	%	 	 	28.2	%	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(258	)	 	 	339	 	 	 	(251	)	 	 	974	 	
Income from discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	15	 	
Gain on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	53	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	$	(258	)	 	$	339	 	 	$	(251	)	 	$	1,042	 	

7

Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment
(amounts in millions, except per share amounts)

 	  	Three months ended
September 30,	 	  	Nine months ended
September 30,	 	
 	  	2008	 	  	2007	 	  	2008	 	  	2007	 	
Retirement and Protection:	  				  				  				  				
Wealth Management (1)	  	$	12	 	  	$	11	 	  	$	35	 	  	$	32	 	
Retirement Income	  	 	15	 	  	 	82	 	  	 	64	 	  	 	171	 	
Institutional	  	 	49	 	  	 	10	 	  	 	65	 	  	 	34	 	
Life Insurance	  	 	63	 	  	 	81	 	  	 	215	 	  	 	234	 	
Long-Term Care Insurance	  	 	39	 	  	 	39	 	  	 	111	 	  	 	117	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total Retirement and Protection	  	 	178	 	  	 	223	 	  	 	490	 	  	 	588	 	
International:	  				  				  				  				
International Mortgage Insurance	 	—Canada	  	 	80	 	  	 	68	 	  	 	238	 	  	 	182	 	
	 	—Australia	  	 	48	 	  	 	36	 	  	 	145	 	  	 	116	 	
	 	—Other	  	 	(2	)	  	 	6	 	  	 	(1	)	  	 	13	 	
Lifestyle Protection (2)	  	 	40	 	  	 	30	 	  	 	127	 	  	 	94	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Total International	  	 	166 	 	  	 	140 	 	  	 	509 	 	  	 	405 	 	
U.S. Mortgage Insurance	  	 	(121 	) 	  	 	39 	 	  	 	(216 	) 	  	 	170 	 	
Corporate and Other	  	 	(3 	) 	  	 	(34 	) 	  	 	(107 	) 	  	 	(104 	) 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET OPERATING INCOME (3) 	  	 	220 	 	  	 	368 	 	  	 	676 	 	  	 	1,059 	 	
					
ADJUSTMENTS TO NET OPERATING INCOME:	  				  				  				  				
Income from discontinued operations, net of taxes	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	15	 	
Gain on sale of discontinued operations, net of taxes	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	53	 	
Net investment gains (losses), net of taxes and other adjustments (4)	  	 	(478	)	  	 	(29	)	  	 	(927	)	  	 	(71	)	
Expenses related to reorganization, net of taxes	  	 	—  	 	  	 	—  	 	  	 	—  	 	  	 	(14	)	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
NET INCOME (LOSS)	  	$ 	(258 	) 	  	$ 	339 	 	  	$ 	(251 	) 	  	$ 	1,042 	 	
	  	 	 	 	  	 	 	 	  	 	 	 	  	 	 	 	
Earnings (Loss) Per Share Data:	  				  				  				  				
Earnings (loss) per common share	  				  				  				  				
Basic	  	$	(0.60	)	  	$	0.77	 	  	$	(0.58	)	  	$	2.36	 	
Diluted	  	$	(0.60	)	  	$	0.76	 	  	$	(0.58	)	  	$	2.32	 	
Net operating earnings per common share	  				  				  				  				
Basic	  	$	0.51	 	  	$	0.83	 	  	$	1.56	 	  	$	2.40	 	
Diluted	  	$	0.51	 	  	$	0.83	 	  	$	1.56	 	  	$	2.35	 	
Shares outstanding	  				  				  				  				
Basic	  	 	433.1	 	  	 	441.1	 	  	 	433.2	 	  	 	440.5	 	
Diluted	  	 	433.1	 	  	 	445.6	 	  	 	433.2	 	  	 	449.8	 	

(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 third quarter 2008 net investment gains (losses), net of taxes and other adjustments.	
 
8

Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Consolidated Net Income (Loss) by Quarter
(amounts in millions, except per share amounts)

 	  	2008	 	 	2007	 	
 	  	Q3	 	  	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	1,735	 	  	$	1,709	 	 	$	1,717	 	 	$	5,161	 	 	$	1,670	 	 	$	1,600	 	 	$	1,549	 	 	$	1,511	 	 	$	6,330	 	
Net investment income	  	 	918	 	  	 	953	 	 	 	1,002	 	 	 	2,873	 	 	 	1,053	 	 	 	1,074	 	 	 	1,024	 	 	 	984	 	 	 	4,135	 	
Net investment gains (losses)	  	 	(816	) 	  	 	(518	)	 	 	(226	)	 	 	(1,560	)	 	 	(214	)	 	 	(48	)	 	 	(51	)	 	 	(19	)	 	 	(332	)	
Insurance and investment product fees and other	  	 	331	 	  	 	254	 	 	 	260	 	 	 	845	 	 	 	266	 	 	 	249	 	 	 	243	 	 	 	234	 	 	 	992	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	2,168	 	  	 	2,398	 	 	 	2,753	 	 	 	7,319	 	 	 	2,775	 	 	 	2,875	 	 	 	2,765	 	 	 	2,710	 	 	 	11,125	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  	 	—  	 	 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,497	 	  	 	1,386	 	 	 	1,401	 	 	 	4,284	 	 	 	1,255	 	 	 	1,168	 	 	 	1,090	 	 	 	1,067	 	 	 	4,580	 	
Interest credited	  	 	319	 	  	 	320	 	 	 	345	 	 	 	984	 	 	 	385	 	 	 	391	 	 	 	391	 	 	 	385	 	 	 	1,552	 	
Acquisition and operating expenses, net of deferrals	  	 	515	 	  	 	551	 	 	 	528	 	 	 	1,594	 	 	 	551	 	 	 	540	 	 	 	495	 	 	 	489	 	 	 	2,075	 	
Amortization of deferred acquisition costs and intangibles	  	 	208	 	  	 	209	 	 	 	203	 	 	 	620	 	 	 	209	 	 	 	202	 	 	 	207	 	 	 	213	 	 	 	831	 	
Interest expense	  	 	125	 	  	 	110	 	 	 	112	 	 	 	347	 	 	 	126	 	 	 	124	 	 	 	124	 	 	 	107	 	 	 	481	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	2,664	 	  	 	2,576	 	 	 	2,589	 	 	 	7,829	 	 	 	2,526	 	 	 	2,425	 	 	 	2,307	 	 	 	2,261	 	 	 	9,519	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE
INCOME TAXES	  	 	(496	)	  	 	(178	)	 	 	164	 	 	 	(510	)	 	 	249	 	 	 	450	 	 	 	458	 	 	 	449	 	 	 	1,606	 	
Provision (benefit) for income taxes	  	 	(238	)	  	 	(69	)	 	 	48	 	 	 	(259	)	 	 	69	 	 	 	111	 	 	 	137	 	 	 	135	 	 	 	452	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(258	)	  	 	(109	)	 	 	116	 	 	 	(251	)	 	 	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)	  	$	(258	)	  	$	(109	)	 	$	116	 	 	$	(251	)	 	$	178	 	 	$	339	 	 	$	379	 	 	$	324	 	 	$	1,220	 	

Earnings (Loss) Per Share Data:	  				  				 				 				 				 				 				 				 				
Earnings (loss) from continuing operations per common share	  				  				 				 				 				 				 				 				 				
Basic	  	$	(0.60	)	  	$	(0.25	)	 	$	0.27	 	 	$	(0.58	)	 	$	0.41	 	 	$	0.77	 	 	$	0.73	 	 	$	0.71	 	 	$	2.62	 	
Diluted	  	$	(0.60	)	  	$	(0.25	)	 	$	0.27	 	 	$	(0.58	)	 	$	0.41	 	 	$	0.76	 	 	$	0.72	 	 	$	0.69	 	 	$	2.58	 	
Earnings (loss) per common share	  				  				 				 				 				 				 				 				 				
Basic	  	$	(0.60	)	  	$	(0.25	)	 	$	0.27	 	 	$	(0.58	)	 	$	0.41	 	 	$	0.77	 	 	$	0.86	 	 	$	0.74	 	 	$	2.77	 	
Diluted	  	$	(0.60	)	  	$	(0.25	)	 	$	0.27	 	 	$	(0.58	)	 	$	0.40	 	 	$	0.76	 	 	$	0.84	 	 	$	0.71	 	 	$	2.73	 	
Shares outstanding	  				  				 				 				 				 				 				 				 				
Basic	  	 	433.1	 	  	 	432.9	 	 	 	433.6	 	 	 	433.2	 	 	 	437.4	 	 	 	441.1	 	 	 	439.4	 	 	 	441.0	 	 	 	439.7	 	
Diluted	  	 	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.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment by Quarter
(amounts in millions, except per share amounts)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Retirement and Protection:	  			 	 				 				 				 				 				 				 				 				
Wealth Management	  	$	12	 	 	$	11	 	 	$	12	 	 	$	35	 	 	$	12	 	 	$	11	 	 	$	11	 	 	$	10	 	 	$	44	 	
Retirement Income	  	 	15	 	 	 	13	 	 	 	36	 	 	 	64	 	 	 	41	 	 	 	82	 	 	 	43	 	 	 	46	 	 	 	212	 	
Institutional	  	 	49	 	 	 	5	 	 	 	11	 	 	 	65	 	 	 	9	 	 	 	10	 	 	 	10	 	 	 	14	 	 	 	43	 	
Life Insurance	  	 	63	 	 	 	87	 	 	 	65	 	 	 	215	 	 	 	76	 	 	 	81	 	 	 	75	 	 	 	78	 	 	 	310	 	
Long-Term Care Insurance	  	 	39	 	 	 	34	 	 	 	38	 	 	 	111	 	 	 	36	 	 	 	39	 	 	 	41	 	 	 	37	 	 	 	153	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Retirement and Protection	  	 	178	 	 	 	150	 	 	 	162	 	 	 	490	 	 	 	174	 	 	 	223	 	 	 	180	 	 	 	185	 	 	 	762	 	
International:	  			 	 				 				 				 				 				 				 				 				
International Mortgage Insurance	 	—Canada	  	 	80	 	 	 	83	 	 	 	75	 	 	 	238	 	 	 	88	 	 	 	68	 	 	 	59	 	 	 	55	 	 	 	270	 	
	 	—Australia	  	 	48	 	 	 	50	 	 	 	47	 	 	 	145	 	 	 	40	 	 	 	36	 	 	 	44	 	 	 	36	 	 	 	156	 	
	 	—Other	  	 	(2	)	 	 	1	 	 	 	—  	 	 	 	(1	)	 	 	16	 	 	 	6	 	 	 	4	 	 	 	3	 	 	 	29	 	
Lifestyle Protection	  	 	40	 	 	 	49	 	 	 	38	 	 	 	127	 	 	 	36	 	 	 	30	 	 	 	35	 	 	 	29	 	 	 	130	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total International	  	 	166	 	 	 	183	 	 	 	160	 	 	 	509	 	 	 	180	 	 	 	140	 	 	 	142	 	 	 	123	 	 	 	585	 	
U.S. Mortgage Insurance	  	 	(121	)	 	 	(59	)	 	 	(36	)	 	 	(216	)	 	 	(3	)	 	 	39	 	 	 	66	 	 	 	65	 	 	 	167	 	
Corporate and Other	  	 	(3	)	 	 	(62	)	 	 	(42	)	 	 	(107	)	 	 	(37	)	 	 	(34	)	 	 	(37	)	 	 	(33	)	 	 	(141	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	 	220	 	 	 	212	 	 	 	244	 	 	 	676	 	 	 	314	 	 	 	368	 	 	 	351	 	 	 	340	 	 	 	1,373	 	
	 									
ADJUSTMENTS TO NET OPERATING INCOME:	  			 	 				 				 				 				 				 				 				 				
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	  	 	(478	)	 	 	(321	)	 	 	(128	)	 	 	(927	)	 	 	(134	)	 	 	(29	)	 	 	(30	)	 	 	(12	)	 	 	(205	)	
Expenses related to reorganization, net of taxes	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	(14	)	 	 	(14	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET INCOME (LOSS)	  	$	(258	)  	 	$	(109	)	 	$	116	 	 	$	(251	)	 	$	178	 	 	$	339	 	 	$	379	 	 	$	324	 	 	$	1,220	 	

Earnings (Loss) Per Share Data:	  				 				 				 				 				 				 				 				 				
Earnings (loss) per common share	  				 				 				 				 				 				 				 				 				
Basic	  	$	(0.60	)	 	$	(0.25	)	 	$	0.27	 	 	$	(0.58	)	 	$	0.41	 	 	$	0.77	 	 	$	0.86	 	 	$	0.74	 	 	$	2.77	 	
Diluted	  	$	(0.60	)	 	$	(0.25	)	 	$	0.27	 	 	$	(0.58	)	 	$	0.40	 	 	$	0.76	 	 	$	0.84	 	 	$	0.71	 	 	$	2.73	 	
Net operating earnings per common share	  				 				 				 				 				 				 				 				 				
Basic	  	$	0.51	 	 	$	0.49	 	 	$	0.56	 	 	$	1.56	 	 	$	0.72	 	 	$	0.83	 	 	$	0.80	 	 	$	0.77	 	 	$	3.12	 	
Diluted	  	$	0.51	 	 	$	0.49	 	 	$	0.56	 	 	$	1.56	 	 	$	0.71	 	 	$	0.83	 	 	$	0.78	 	 	$	0.75	 	 	$	3.07	 	
Shares outstanding	  				 				 				 				 				 				 				 				 				
Basic	  	 	433.1	 	 	 	432.9	 	 	 	433.6	 	 	 	433.2	 	 	 	437.4	 	 	 	441.1	 	 	 	439.4	 	 	 	441.0	 	 	 	439.7	 	
Diluted	  	 	433.1	 	 	 	432.9	 	 	 	436.8	 	 	 	433.2	 	 	 	441.1	 	 	 	445.6	 	 	 	449.0	 	 	 	455.0	 	 	 	447.6	 	
 
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Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Consolidated Balance Sheets
(amounts in millions)

 	 	September 30,
2008	 	  	June 30,
2008	  	March 31,
2008	  	December 31,
2007	  	September 30,
2007	
ASSETS	 			 	  			  			  			  			
Investments:	 			 	  			  			  			  			
Fixed maturity securities available-for-sale, at fair value	 	$	48,724	 	  	$	51,887	  	$	53,031	  	$	55,154	  	$	55,775	
Equity securities available-for-sale, at fair value	 	 	309	 	  	 	409	  	 	394	  	 	366	  	 	247	
Commercial mortgage loans	 	 	8,447	 	  	 	8,573	  	 	8,822	  	 	8,953	  	 	8,839	
Policy loans	 	 	1,822	 	  	 	1,806	  	 	1,654	  	 	1,651	  	 	1,650	
Other invested assets	 	 	4,913	 	  	 	4,614	  	 	5,603	  	 	4,676	  	 	3,803	
	 	 	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total investments	 	 	64,215	 	  	 	67,289	  	 	69,504	  	 	70,800	  	 	70,314	
Cash and cash equivalents	 	 	5,102	 	  	 	5,861	  	 	3,768	  	 	3,091	  	 	3,146	
Accrued investment income	 	 	794	 	  	 	679	  	 	863	  	 	773	  	 	803	
Deferred acquisition costs	 	 	7,681	 	  	 	7,530	  	 	7,330	  	 	7,034	  	 	6,842	
Intangible assets	 	 	1,068	 	  	 	991	  	 	959	  	 	914	  	 	845	
Goodwill	 	 	1,572	 	  	 	1,618	  	 	1,609	  	 	1,600	  	 	1,605	
Reinsurance recoverable	 	 	16,763	 	  	 	16,571	  	 	16,498	  	 	16,483	  	 	16,573	
Other assets	 	 	1,075	 	  	 	1,320	  	 	912	  	 	822	  	 	1,015	
Deferred tax asset	 	 	194	 	  	 	—  	  	 	—  	  	 	—  	  	 	—  	
Separate account assets	 	 	11,097	 	  	 	12,356	  	 	12,151	  	 	12,798	  	 	12,615	
	 	 	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total assets	 	$	109,561	 	  	$	114,215	  	$	113,594	  	$	114,315	  	$	113,758	

 
11

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Consolidated Balance Sheets—(Continued)
(amounts in millions)

 	 	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	 	September 30,
2007	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	 			 	 				 				 				 				
Liabilities:	 			 	 				 				 				 				
Future policy benefits	 	$	28,017	 	 	$	27,529	 	 	$	27,174	 	 	$	26,740	 	 	$	26,380	 	
Policyholder account balances	 	 	35,565	 	 	 	36,842	 	 	 	36,764	 	 	 	36,913	 	 	 	37,487	 	
Liability for policy and contract claims	 	 	4,776	 	 	 	4,418	 	 	 	4,011	 	 	 	3,693	 	 	 	3,473	 	
Unearned premiums	 	 	5,345	 	 	 	5,758	 	 	 	5,653	 	 	 	5,631	 	 	 	5,511	 	
Other liabilities	 	 	6,200	 	 	 	6,093	 	 	 	6,671	 	 	 	6,255	 	 	 	6,209	 	
Non-recourse funding obligations	 	 	3,455	 	 	 	3,455	 	 	 	3,455	 	 	 	3,455	 	 	 	3,455	 	
Short-term borrowings	 	 	78	 	 	 	200	 	 	 	200	 	 	 	200	 	 	 	326	 	
Long-term borrowings	 	 	4,530	 	 	 	4,531	 	 	 	3,966	 	 	 	3,903	 	 	 	3,889	 	
Deferred tax liability	 	 	—  	 	 	 	688	 	 	 	824	 	 	 	1,249	 	 	 	1,096	 	
Separate account liabilities	 	 	11,097	 	 	 	12,356	 	 	 	12,151	 	 	 	12,798	 	 	 	12,615	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	 	 	99,063	 	 	 	101,870	 	 	 	100,869	 	 	 	100,837	 	 	 	100,441	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	 			 	 				 				 				 				
Common stock	 	 	1	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	1	 	
Additional paid-in capital	 	 	11,484	 	 	 	11,482	 	 	 	11,473	 	 	 	11,461	 	 	 	11,440	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Accumulated other comprehensive income (loss):	 			 	 				 				 				 				
Net unrealized investment gains (losses)	 	 	(2,963	)	 	 	(1,723	)	 	 	(1,479	)	 	 	(526	)	 	 	(353	)	
Derivatives qualifying as hedges	 	 	761	 	 	 	548	 	 	 	620	 	 	 	473	 	 	 	285	 	
Foreign currency translation and other adjustments	 	 	383	 	 	 	904	 	 	 	824	 	 	 	780	 	 	 	765	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total accumulated other comprehensive income (loss)	 	 	(1,819	)	 	 	(271	)	 	 	(35	)	 	 	727	 	 	 	697	 	
Retained earnings	 	 	3,532	 	 	 	3,833	 	 	 	3,986	 	 	 	3,913	 	 	 	3,779	 	
Treasury stock, at cost	 	 	(2,700	) 	 	 	(2,700	)	 	 	(2,700	)	 	 	(2,624	)	 	 	(2,600	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	 	 	10,498	 	 	 	12,345	 	 	 	12,725	 	 	 	13,478	 	 	 	13,317	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	 	$	109,561	 	 	$	114,215	 	 	$	113,594	 	 	$	114,315	 	 	$	113,758	 	

 
12

Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 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.	
 
13

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Consolidated Balance Sheet by Segment
(amounts in millions)

 	  	June 30, 2008	 	
 	  	Retirement and
Protection	 	 	International	  	U.S. Mortgage
Insurance	 	 	Corporate and
Other (1)	 	 	Total	 	
ASSETS	  				 			  				 				 				
Cash and investments	  	$	56,241	 	 	$	10,681	  	$	3,200	 	 	$	3,707	 	 	$	73,829	 	
Deferred acquisition costs and intangible assets	  	 	8,759	 	 	 	1,191	  	 	96	 	 	 	93	 	 	 	10,139	 	
Reinsurance recoverable	  	 	16,336	 	 	 	99	  	 	136	 	 	 	—  	 	 	 	16,571	 	
Other assets	  	 	290	 	 	 	590	  	 	107	 	 	 	333	 	 	 	1,320	 	
Separate account assets	  	 	12,356	 	 	 	—  	  	 	—  	 	 	 	—  	 	 	 	12,356	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total assets	  	$	93,982	 	 	$	12,561	  	$	3,539	 	 	$	4,133	 	 	$	114,215	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
LIABILITIES AND STOCKHOLDERS’ EQUITY	  				 			  				 				 				
Liabilities:	  				 			  				 				 				
Future policy benefits	  	$	27,528	 	 	$	1	  	$	—  	 	 	$	—  	 	 	$	27,529	 	
Policyholder account balances	  	 	36,809	 	 	 	33	  	 	—  	 	 	 	—  	 	 	 	36,842	 	
Liability for policy and contract claims	  	 	2,805	 	 	 	637	  	 	973	 	 	 	3	 	 	 	4,418	 	
Unearned premiums	  	 	541	 	 	 	5,107	  	 	110	 	 	 	—  	 	 	 	5,758	 	
Non-recourse funding obligations	  	 	3,555	 	 	 	—  	  	 	—  	 	 	 	(100	)	 	 	3,455	 	
Deferred tax and other liabilities	  	 	2,762	 	 	 	1,865	  	 	(3	)	 	 	2,157	 	 	 	6,781	 	
Borrowing and capital securities	  	 	—  	 	 	 	—  	  	 	—  	 	 	 	4,731	 	 	 	4,731	 	
Separate account liabilities	  	 	12,356	 	 	 	—  	  	 	—  	 	 	 	—  	 	 	 	12,356	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities	  	 	86,356	 	 	 	7,643	  	 	1,080	 	 	 	6,791	 	 	 	101,870	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Stockholders’ equity:	  				 			  				 				 				
Allocated equity, excluding accumulated other comprehensive income (loss)	  	 	8,793	 	 	 	4,123	  	 	2,498	 	 	 	(2,798	)	 	 	12,616	 	
Allocated accumulated other comprehensive income (loss)	  	 	(1,167	)	 	 	795	  	 	(39	)	 	 	140	 	 	 	(271	)	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total stockholders’ equity	  	 	7,626	 	 	 	4,918	  	 	2,459	 	 	 	(2,658	)	 	 	12,345	 	
	  	 	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Total liabilities and stockholders’ equity	  	$	93,982	 	 	$	12,561	  	$	3,539	 	 	$	4,133	 	 	$	114,215	 	

(1)	Includes inter-segment eliminations.	
 
14

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 GENWORTH FINANCIAL, INC.
3Q 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 June 30, 2008	  	$	6,197	 	 	$	1,016	 	 	$	66	 	 	$	—  	  	$	7,279	 	
Costs deferred	  	 	208	 	 	 	71	 	 	 	9	 	 	 	—  	  	 	288	 	
Amortization, net of interest accretion (1)	  	 	(26	)	 	 	(88	)	 	 	(45	)	 	 	—  	  	 	(159	)	
Impact of foreign currency translation	  	 	—  	 	 	 	(106	)	 	 	—  	 	 	 	—  	  	 	(106	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Unamortized balance as of September 30, 2008	  	 	6,379	 	 	 	893	 	 	 	30	 	 	 	—  	  	 	7,302	 	
Effect of accumulated net unrealized investment gains (losses)	  	 	379	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	379	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Balance as of September 30, 2008	  	$	6,758	 	 	$	893	 	 	$	30	 	 	$	—  	  	$	7,681	 	

(1)	Amortization, net of interest accretion, includes $(75) million of amortization related to net investment gains (losses) for our policyholder account balances.	
 
15

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Quarterly Results by Segment
 
16

Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment
(amounts in millions)

 	 	Retirement and Protection	 	 	International	 	 	U.S.
Mortgage
Insurance	 	 	Corporate
and
Other (1)	 	 	   	 	
Three Months Ended September 30, 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	 	$	—  	 	 	$	181	 	 	$	—  	 	 	$	241	 	 	$	536	 	 	$	958	 	 	$	137	 	 	$	78	 	 	$	30	 	 	$	342	 	 	$	587	 	 	$	185	 	 	$	5	 	 	$	1,735	 	
Net investment income	 	 	—  	 	 	 	280	 	 	 	87	 	 	 	141	 	 	 	222	 	 	 	730	 	 	 	50	 	 	 	38	 	 	 	9	 	 	 	49	 	 	 	146	 	 	 	36	 	 	 	6	 	 	 	918	 	
Net investment gains (losses)	 	 	—  	 	 	 	(325	)	 	 	(206	)	 	 	(137	)	 	 	(34	)	 	 	(702	)	 	 	—  	 	 	 	(4	)	 	 	(6	)	 	 	(27	)	 	 	(37	)	 	 	(45	)	 	 	(32	)	 	 	(816	) 	
Insurance and investment product fees and other	 	 	86	 	 	 	51	 	 	 	81	 	 	 	98	 	 	 	6	 	 	 	322	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	6	 	 	 	7	 	 	 	4	 	 	 	(2	)	 	 	331	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	86	 	 	 	187	 	 	 	(38	)	 	 	343	 	 	 	730	 	 	 	1,308	 	 	 	188	 	 	 	112	 	 	 	33	 	 	 	370	 	 	 	703	 	 	 	180	 	 	 	(23	)	 	 	2,168	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Benefits and other changes in policy reserves	 	 	—  	 	 	 	278	 	 	 	—  	 	 	 	230	 	 	 	540	 	 	 	1,048	 	 	 	34	 	 	 	38	 	 	 	26	 	 	 	49	 	 	 	147	 	 	 	301	 	 	 	1	 	 	 	1,497	 	
Interest credited	 	 	—  	 	 	 	130	 	 	 	80	 	 	 	63	 	 	 	46	 	 	 	319	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	319	 	
Acquisition and operating expenses, net of deferrals	 	 	67	 	 	 	39	 	 	 	2	 	 	 	37	 	 	 	89	 	 	 	234	 	 	 	22	 	 	 	13	 	 	 	19	 	 	 	200	 	 	 	254	 	 	 	33	 	 	 	(6	)	 	 	515	 	
Amortization of deferred acquisition costs and intangibles	 	 	1	 	 	 	(12	)	 	 	14	 	 	 	18	 	 	 	29	 	 	 	50	 	 	 	8	 	 	 	6	 	 	 	1	 	 	 	72	 	 	 	87	 	 	 	68	 	 	 	3	 	 	 	208	 	
Interest expense	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	37	 	 	 	—  	 	 	 	38	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	18	 	 	 	19	 	 	 	—  	 	 	 	68	 	 	 	125	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	68	 	 	 	436	 	 	 	96	 	 	 	385	 	 	 	704	 	 	 	1,689	 	 	 	65	 	 	 	57	 	 	 	46	 	 	 	339	 	 	 	507	 	 	 	402	 	 	 	66	 	 	 	2,664	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	18	 	 	 	(249	)	 	 	(134	)	 	 	(42	)	 	 	26	 	 	 	(381	)	 	 	123	 	 	 	55	 	 	 	(13	)	 	 	31	 	 	 	196	 	 	 	(222	)	 	 	(89	)	 	 	(496	)	
Provision (benefit) for income taxes	 	 	6	 	 	 	(106	)	 	 	(49	)	 	 	(16	)	 	 	9	 	 	 	(156	)	 	 	43	 	 	 	10	 	 	 	(7	)	 	 	8	 	 	 	54	 	 	 	(73	)	 	 	(63	)	 	 	(238	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	12	 	 	 	(143	)	 	 	(85	)	 	 	(26	)	 	 	17	 	 	 	(225	)	 	 	80	 	 	 	45	 	 	 	(6	)	 	 	23	 	 	 	142	 	 	 	(149	)	 	 	(26	)	 	 	(258	)	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Net investment (gains) losses, net of taxes and other adjustments	 	 	—  	 	 	 	158	 	 	 	134	 	 	 	89	 	 	 	22	 	 	 	403	 	 	 	—  	 	 	 	3	 	 	 	4	 	 	 	17	 	 	 	24	 	 	 	28	 	 	 	23	 	 	 	478	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	12	 	 	$	15	 	 	$	49	 	 	$	63	 	 	$	39	 	 	$	178	 	 	$	80	 	 	$	48	 	 	$	(2	)	 	$	40	 	 	$	166	 	 	$	(121	)	 	$	(3	)	 	$	220	 	

Effective tax rate (operating income (loss)) (2)	 	 	37.1	%	 	 	442.3	%	 	 	32.0	%	 	 	33.6	%	 	 	34.7	%	 	 	25.6	%	 	 	35.2	%	 	 	19.7	%	 	 	74.7	%	 	 	27.6	%	 	 	28.1	%	 	 	32.2	%	 	 	91.5	%	 	 	7.5	%	

(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.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment
(amounts in millions)

 	 	Retirement and Protection	 	 	International	 	 	U.S.
Mortgage
Insurance	 	 	Corporate
and
Other (1)	 	 	   	 	
Three Months Ended September 30, 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	 	$	—  	 	 	$	118	 	 	$	—  	 	 	$	236	 	 	$	507	 	 	$	861	 	 	$	108	 	 	$	73	 	 	$	27	 	 	$	364	 	 	$	572	 	 	$	159	 	 	$	8	 	 	$	1,600	 	
Net investment income	 	 	2	 	 	 	323	 	 	 	175	 	 	 	183	 	 	 	210	 	 	 	893	 	 	 	52	 	 	 	30	 	 	 	9	 	 	 	40	 	 	 	131	 	 	 	38	 	 	 	12	 	 	 	1,074	 	
Net investment gains (losses)	 	 	—  	 	 	 	(24	)	 	 	(20	)	 	 	4	 	 	 	2	 	 	 	(38	)	 	 	(2	)	 	 	3	 	 	 	—  	 	 	 	(1	)	 	 	—  	 	 	 	1	 	 	 	(11	)	 	 	(48	)	
Insurance and investment product fees and other	 	 	86	 	 	 	53	 	 	 	—  	 	 	 	88	 	 	 	6	 	 	 	233	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	7	 	 	 	8	 	 	 	8	 	 	 	—  	 	 	 	249	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	88	 	 	 	470	 	 	 	155	 	 	 	511	 	 	 	725	 	 	 	1,949	 	 	 	158	 	 	 	106	 	 	 	37	 	 	 	410	 	 	 	711	 	 	 	206	 	 	 	9	 	 	 	2,875	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Benefits and other changes in policy reserves	 	 	—  	 	 	 	198	 	 	 	—  	 	 	 	204	 	 	 	517	 	 	 	919	 	 	 	20	 	 	 	36	 	 	 	10	 	 	 	60	 	 	 	126	 	 	 	123	 	 	 	—  	 	 	 	1,168	 	
Interest credited	 	 	—  	 	 	 	134	 	 	 	157	 	 	 	60	 	 	 	40	 	 	 	391	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	391	 	
Acquisition and operating expenses, net of deferrals	 	 	69	 	 	 	32	 	 	 	3	 	 	 	32	 	 	 	84	 	 	 	220	 	 	 	31	 	 	 	14	 	 	 	18	 	 	 	218	 	 	 	281	 	 	 	30	 	 	 	9	 	 	 	540	 	
Amortization of deferred acquisition costs and intangibles	 	 	1	 	 	 	44	 	 	 	—  	 	 	 	27	 	 	 	24	 	 	 	96	 	 	 	4	 	 	 	5	 	 	 	2	 	 	 	83	 	 	 	94	 	 	 	10	 	 	 	2	 	 	 	202	 	
Interest expense	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	57	 	 	 	—  	 	 	 	59	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	5	 	 	 	6	 	 	 	—  	 	 	 	59	 	 	 	124	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	70	 	 	 	410	 	 	 	160	 	 	 	380	 	 	 	665	 	 	 	1,685	 	 	 	56	 	 	 	55	 	 	 	30	 	 	 	366	 	 	 	507	 	 	 	163	 	 	 	70	 	 	 	2,425	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	18	 	 	 	60	 	 	 	(5	)	 	 	131	 	 	 	60	 	 	 	264	 	 	 	102	 	 	 	51	 	 	 	7	 	 	 	44	 	 	 	204	 	 	 	43	 	 	 	(61	)	 	 	450	 	
Provision (benefit) for income taxes	 	 	7	 	 	 	(8	)	 	 	(2	)	 	 	47	 	 	 	20	 	 	 	64	 	 	 	35	 	 	 	13	 	 	 	2	 	 	 	15	 	 	 	65	 	 	 	3	 	 	 	(21	)	 	 	111	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	11	 	 	 	68	 	 	 	(3	)	 	 	84	 	 	 	40	 	 	 	200	 	 	 	67	 	 	 	38	 	 	 	5	 	 	 	29	 	 	 	139	 	 	 	40	 	 	 	(40	)	 	 	339	 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Net investment (gains) losses, net of taxes and other adjustments	 	 	—  	 	 	 	14	 	 	 	13	 	 	 	(3	)	 	 	(1	)	 	 	23	 	 	 	1	 	 	 	(2	)	 	 	1	 	 	 	1	 	 	 	1	 	 	 	(1	)	 	 	6	 	 	 	29	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	11	 	 	$	82	 	 	$	10	 	 	$	81	 	 	$	39	 	 	$	223	 	 	$	68	 	 	$	36	 	 	$	6	 	 	$	30	 	 	$	140	 	 	$	39	 	 	$	(34	)	 	$	368	 	

Effective tax rate (operating income (loss))	 	 	36.6	%	 	 	-0.2	%	 	 	34.7	%	 	 	36.1	%	 	 	33.3	%	 	 	25.7	%	 	 	34.2	%	 	 	25.6	%	 	 	30.2	%	 	 	35.1	%	 	 	32.2	%	 	 	7.1	%	 	 	35.2	%	 	 	25.8	%	

(1)	Includes inter-segment eliminations.	
 
18

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment
(amounts in millions)

 	 	Retirement and Protection	 	 	International	 	 	U.S.
Mortgage
Insurance	 	 	Corporate
and
Other (1)	 	 	   	 	
Nine Months Ended September 30, 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	 	$	—  	 	 	$	459	 	 	$	—  	 	 	$	733	 	 	$	1,571	 	 	$	2,763	 	 	$	409	 	 	$	249	 	 	$	87	 	 	$	1,079	 	 	$	1,824	 	 	$	558	 	 	$	16	 	 	$	5,161	 	
Net investment income	 	 	2	 	 	 	873	 	 	 	322	 	 	 	442	 	 	 	653	 	 	 	2,292	 	 	 	148	 	 	 	111	 	 	 	27	 	 	 	146	 	 	 	432	 	 	 	109	 	 	 	40	 	 	 	2,873	 	
Net investment gains (losses)	 	 	—  	 	 	 	(523	)	 	 	(568	)	 	 	(243	)	 	 	(89	)	 	 	(1,423	)	 	 	20	 	 	 	(5	)	 	 	(6	)	 	 	(28	)	 	 	(19	)	 	 	(43	)	 	 	(75	)	 	 	(1,560	)	
Insurance and investment product fees and other	 	 	257	 	 	 	159	 	 	 	81	 	 	 	280	 	 	 	18	 	 	 	795	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	22	 	 	 	25	 	 	 	23	 	 	 	2	 	 	 	845	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	259	 	 	 	968	 	 	 	(165	)	 	 	1,212	 	 	 	2,153	 	 	 	4,427	 	 	 	578	 	 	 	356	 	 	 	109	 	 	 	1,219	 	 	 	2,262	 	 	 	647	 	 	 	(17	)	 	 	7,319	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Benefits and other changes in policy reserves	 	 	—  	 	 	 	721	 	 	 	—  	 	 	 	643	 	 	 	1,593	 	 	 	2,957	 	 	 	99	 	 	 	108	 	 	 	66	 	 	 	197	 	 	 	470	 	 	 	855	 	 	 	2	 	 	 	4,284	 	
Interest credited	 	 	—  	 	 	 	387	 	 	 	281	 	 	 	184	 	 	 	132	 	 	 	984	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	984	 	
Acquisition and operating expenses, net of deferrals	 	 	201	 	 	 	119	 	 	 	6	 	 	 	108	 	 	 	256	 	 	 	690	 	 	 	66	 	 	 	50	 	 	 	53	 	 	 	616	 	 	 	785	 	 	 	106	 	 	 	13	 	 	 	1,594	 	
Amortization of deferred acquisition costs and intangibles	 	 	3	 	 	 	39	 	 	 	16	 	 	 	92	 	 	 	89	 	 	 	239	 	 	 	25	 	 	 	19	 	 	 	4	 	 	 	239	 	 	 	287	 	 	 	88	 	 	 	6	 	 	 	620	 	
Interest expense	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	121	 	 	 	—  	 	 	 	124	 	 	 	2	 	 	 	—  	 	 	 	—  	 	 	 	32	 	 	 	34	 	 	 	—  	 	 	 	189	 	 	 	347	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	204	 	 	 	1,269	 	 	 	303	 	 	 	1,148	 	 	 	2,070	 	 	 	4,994	 	 	 	192	 	 	 	177	 	 	 	123	 	 	 	1,084	 	 	 	1,576	 	 	 	1,049	 	 	 	210	 	 	 	7,829	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	55	 	 	 	(301	)	 	 	(468	)	 	 	64	 	 	 	83	 	 	 	(567	)	 	 	386	 	 	 	179	 	 	 	(14	)	 	 	135	 	 	 	686	 	 	 	(402	)	 	 	(227	)	 	 	(510	)	
Provision (benefit) for income taxes	 	 	20	 	 	 	(112	)	 	 	(164	)	 	 	7	 	 	 	30	 	 	 	(219	)	 	 	135	 	 	 	37	 	 	 	(9	)	 	 	26	 	 	 	189	 	 	 	(159	)	 	 	(70	)	 	 	(259	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	35	 	 	 	(189	)	 	 	(304	)	 	 	57	 	 	 	53	 	 	 	(348	)	 	 	251	 	 	 	142	 	 	 	(5	)	 	 	109	 	 	 	497	 	 	 	(243	)	 	 	(157	)	 	 	(251	)	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Net investment (gains) losses, net of taxes and other adjustments	 	 	—  	 	 	 	253	 	 	 	369	 	 	 	158	 	 	 	58	 	 	 	838	 	 	 	(13	)	 	 	3	 	 	 	4	 	 	 	18	 	 	 	12	 	 	 	27	 	 	 	50	 	 	 	927	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	35	 	 	$	64	 	 	$	65	 	 	$	215	 	 	$	111	 	 	$	490	 	 	$	238	 	 	$	145	 	 	$	(1	)	 	$	127	 	 	$	509	 	 	$	(216	)	 	$	(107	)	 	$	676	 	

Effective tax rate (operating income (loss))	 	 	36.9	%	 	 	27.3	%	 	 	34.5	%	 	 	30.0	%	 	 	35.3	%	 	 	32.1	%	 	 	35.0	%	 	 	21.0	%	 	 	86.5	%	 	 	21.7	%	 	 	27.7	%	 	 	40.1	%	 	 	29.1	%	 	 	26.0	%	

(1)	Includes inter-segment eliminations.	
 
19

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) by Segment
(amounts in millions)

 	 	Retirement and Protection	 	 	International	 	 	U.S.
Mortgage
Insurance	 	 	Corporate
and
Other (1)	 	 	   	 	
Nine Months Ended September 30, 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	 	$	—  	 	 	$	423	 	 	$	—  	 	 	$	709	 	 	$	1,490	 	 	$	2,622	 	 	$	285	 	 	$	213	 	 	$	78	 	 	$	998	 	 	$	1,574	 	 	$	444	 	 	$	20	 	 	$	4,660	 	
Net investment income	 	 	4	 	 	 	962	 	 	 	508	 	 	 	504	 	 	 	619	 	 	 	2,597	 	 	 	112	 	 	 	83	 	 	 	21	 	 	 	116	 	 	 	332	 	 	 	111	 	 	 	42	 	 	 	3,082	 	
Net investment gains (losses)	 	 	—  	 	 	 	(55	)	 	 	(31	)	 	 	(3	)	 	 	(13	)	 	 	(102	)	 	 	(2	)	 	 	1	 	 	 	(1	)	 	 	(3	)	 	 	(5	)	 	 	1	 	 	 	(12	)	 	 	(118	) 	
Insurance and investment product fees and other	 	 	242	 	 	 	143	 	 	 	—  	 	 	 	276	 	 	 	18	 	 	 	679	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	19	 	 	 	21	 	 	 	25	 	 	 	1	 	 	 	726	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	246	 	 	 	1,473	 	 	 	477	 	 	 	1,486	 	 	 	2,114	 	 	 	5,796	 	 	 	395	 	 	 	298	 	 	 	99	 	 	 	1,130	 	 	 	1,922	 	 	 	581	 	 	 	51	 	 	 	8,350	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Benefits and other changes in policy reserves	 	 	—  	 	 	 	651	 	 	 	—  	 	 	 	602	 	 	 	1,491	 	 	 	2,744	 	 	 	49	 	 	 	101	 	 	 	26	 	 	 	169	 	 	 	345	 	 	 	235	 	 	 	1	 	 	 	3,325	 	
Interest credited	 	 	—  	 	 	 	421	 	 	 	447	 	 	 	182	 	 	 	117	 	 	 	1,167	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1,167	 	
Acquisition and operating expenses, net of deferrals	 	 	194	 	 	 	103	 	 	 	8	 	 	 	94	 	 	 	255	 	 	 	654	 	 	 	59	 	 	 	39	 	 	 	54	 	 	 	582	 	 	 	734	 	 	 	96	 	 	 	40	 	 	 	1,524	 	
Amortization of deferred acquisition costs and intangibles	 	 	1	 	 	 	130	 	 	 	1	 	 	 	95	 	 	 	85	 	 	 	312	 	 	 	13	 	 	 	15	 	 	 	4	 	 	 	235	 	 	 	267	 	 	 	26	 	 	 	17	 	 	 	622	 	
Interest expense	 	 	—  	 	 	 	4	 	 	 	—  	 	 	 	149	 	 	 	—  	 	 	 	153	 	 	 	2	 	 	 	—  	 	 	 	—  	 	 	 	18	 	 	 	20	 	 	 	—  	 	 	 	182	 	 	 	355	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	195	 	 	 	1,309	 	 	 	456	 	 	 	1,122	 	 	 	1,948	 	 	 	5,030	 	 	 	123	 	 	 	155	 	 	 	84	 	 	 	1,004	 	 	 	1,366	 	 	 	357	 	 	 	240	 	 	 	6,993	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	51	 	 	 	164	 	 	 	21	 	 	 	364	 	 	 	166	 	 	 	766	 	 	 	272	 	 	 	143	 	 	 	15	 	 	 	126	 	 	 	556	 	 	 	224	 	 	 	(189	)	 	 	1,357	 	
Provision (benefit) for income taxes	 	 	19	 	 	 	24	 	 	 	7	 	 	 	132	 	 	 	58	 	 	 	240	 	 	 	91	 	 	 	27	 	 	 	3	 	 	 	34	 	 	 	155	 	 	 	53	 	 	 	(65	)	 	 	383	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	32	 	 	 	140	 	 	 	14	 	 	 	232	 	 	 	108	 	 	 	526	 	 	 	181	 	 	 	116	 	 	 	12	 	 	 	92	 	 	 	401	 	 	 	171	 	 	 	(124	)	 	 	974	 	
ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 				 				 				 				 				 				 				 				 				 				 				 				 				 			 	
Net investment (gains) losses, net of taxes and other adjustments	 	 	—  	 	 	 	31	 	 	 	20	 	 	 	2	 	 	 	9	 	 	 	62	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	2	 	 	 	4	 	 	 	(1	)	 	 	6	 	 	 	71	 	
Expenses related to reorganization, net of taxes	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	14	 	 	 	14	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	 	$	32	 	 	$	171	 	 	$	34	 	 	$	234	 	 	$	117	 	 	$	588	 	 	$	182	 	 	$	116	 	 	$	13	 	 	$	94	 	 	$	405	 	 	$	170	 	 	$	(104	)	 	$	1,059	 	

Effective tax rate (operating income (loss))	 	 	36.5	%	 	 	19.3	%	 	 	35.1	%	 	 	36.2	%	 	 	35.0	%	 	 	31.7	%	 	 	33.4	%	 	 	18.7	%	 	 	22.0	%	 	 	27.4	%	 	 	28.0	%	 	 	23.8	%	 	 	34.4	%	 	 	28.9	%	

(1)	Includes inter-segment eliminations.	
 
20

Table of Contents
 Retirement and Protection
 
21

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income—Retirement and Protection
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				
Premiums	  	$	958	 	 	$	885	 	 	$	920	 	 	$	2,763	 	 	$	872	 	 	$	861	 	 	$	887	 	 	$	874	 	 	$	3,494	 	
Net investment income	  	 	730	 	 	 	755	 	 	 	807	 	 	 	2,292	 	 	 	856	 	 	 	893	 	 	 	860	 	 	 	844	 	 	 	3,453	 	
Net investment gains (losses)	  	 	(702	) 	 	 	(511	)	 	 	(210	)	 	 	(1,423	)	 	 	(214	)	 	 	(38	)	 	 	(45	)	 	 	(19	)	 	 	(316	)	
Insurance and investment product fees and other	  	 	322	 	 	 	234	 	 	 	239	 	 	 	795	 	 	 	249	 	 	 	233	 	 	 	227	 	 	 	219	 	 	 	928	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	1,308	 	 	 	1,363	 	 	 	1,756	 	 	 	4,427	 	 	 	1,763	 	 	 	1,949	 	 	 	1,929	 	 	 	1,918	 	 	 	7,559	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	1,048	 	 	 	930	 	 	 	979	 	 	 	2,957	 	 	 	929	 	 	 	919	 	 	 	917	 	 	 	908	 	 	 	3,673	 	
Interest credited	  	 	319	 	 	 	320	 	 	 	345	 	 	 	984	 	 	 	385	 	 	 	391	 	 	 	391	 	 	 	385	 	 	 	1,552	 	
Acquisition and operating expenses, net of deferrals	  	 	234	 	 	 	229	 	 	 	227	 	 	 	690	 	 	 	233	 	 	 	220	 	 	 	222	 	 	 	212	 	 	 	887	 	
Amortization of deferred acquisition costs and intangibles	  	 	50	 	 	 	100	 	 	 	89	 	 	 	239	 	 	 	105	 	 	 	96	 	 	 	112	 	 	 	104	 	 	 	417	 	
Interest expense	  	 	38	 	 	 	39	 	 	 	47	 	 	 	124	 	 	 	58	 	 	 	59	 	 	 	51	 	 	 	43	 	 	 	211	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	1,689	 	 	 	1,618	 	 	 	1,687	 	 	 	4,994	 	 	 	1,710	 	 	 	1,685	 	 	 	1,693	 	 	 	1,652	 	 	 	6,740	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(381	)	 	 	(255	)	 	 	69	 	 	 	(567	)	 	 	53	 	 	 	264	 	 	 	236	 	 	 	266	 	 	 	819	 	
Provision (benefit) for income taxes	  	 	(156	)	 	 	(88	)	 	 	25	 	 	 	(219	)	 	 	14	 	 	 	64	 	 	 	83	 	 	 	93	 	 	 	254	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(225	)	 	 	(167	)	 	 	44	 	 	 	(348	)	 	 	39	 	 	 	200	 	 	 	153	 	 	 	173	 	 	 	565	 	
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	403	 	 	 	317	 	 	 	118	 	 	 	838	 	 	 	135	 	 	 	23	 	 	 	27	 	 	 	12	 	 	 	197	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	178	 	 	$	150	 	 	$	162	 	 	$	490	 	 	$	174	 	 	$	223	 	 	$	180	 	 	$	185	 	 	$	762	 	

Effective tax rate (operating income (loss))	  	 	25.6	%	 	 	35.6	%	 	 	35.1	%	 	 	32.1	%	 	 	32.9	%	 	 	25.7	%	 	 	35.0	%	 	 	35.0	%	 	 	32.0	%	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income, Sales and Assets Under Management—Wealth Management
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	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)	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Insurance and investment product fees and other	  	 	86	 	 	 	85	 	 	 	86	 	 	 	257	 	 	 	88	 	 	 	86	 	 	 	81	 	 	 	75	 	 	 	330	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	86	 	 	 	86	 	 	 	87	 	 	 	259	 	 	 	90	 	 	 	88	 	 	 	82	 	 	 	76	 	 	 	336	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Interest credited	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Acquisition and operating expenses, net of deferrals	  	 	67	 	 	 	67	 	 	 	67	 	 	 	201	 	 	 	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	  	 	68	 	 	 	68	 	 	 	68	 	 	 	204	 	 	 	71	 	 	 	70	 	 	 	65	 	 	 	60	 	 	 	266	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	18	 	 	 	18	 	 	 	19	 	 	 	55	 	 	 	19	 	 	 	18	 	 	 	17	 	 	 	16	 	 	 	70	 	
Provision for income taxes	  	 	6	 	 	 	7	 	 	 	7	 	 	 	20	 	 	 	7	 	 	 	7	 	 	 	6	 	 	 	6	 	 	 	26	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	12	 	 	 	11	 	 	 	12	 	 	 	35	 	 	 	12	 	 	 	11	 	 	 	11	 	 	 	10	 	 	 	44	 	
	 									
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	12	 	 	$	11	 	 	$	12	 	 	$	35	 	 	$	12	 	 	$	11	 	 	$	11	 	 	$	10	 	 	$	44	 	

Effective tax rate (operating income)	  	 	37.1	%	 	 	36.8	%	 	 	36.8	%	 	 	36.9	%	 	 	37.5	%	 	 	36.6	%	 	 	36.6	%	 	 	36.4	%	 	 	36.8	%	
										
SALES:	  				 				 				 				 				 				 				 				 				
Sales by Distribution Channel:	  				 				 				 				 				 				 				 				 				
Independent Producers	  	$	1,058	 	 	$	1,229	 	 	$	1,105	 	 	$	3,392	 	 	$	1,217	 	 	$	1,382	 	 	$	1,427	 	 	$	1,400	 	 	$	5,426	 	
Dedicated Sales Specialists	  	 	172	 	 	 	176	 	 	 	175	 	 	 	523	 	 	 	257	 	 	 	283	 	 	 	332	 	 	 	312	 	 	 	1,184	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	1,230	 	 	$	1,405	 	 	$	1,280	 	 	$	3,915	 	 	$	1,474	 	 	$	1,665	 	 	$	1,759	 	 	$	1,712	 	 	$	6,610	 	

ASSETS UNDER MANAGEMENT:	  				 				 				 				 				 				 				 				 				
Beginning of period	  	$	20,285	 	 	$	20,461	 	 	$	21,584	 	 	$	21,584	 	 	$	21,662	 	 	$	20,683	 	 	$	18,806	 	 	$	17,293	 	 	$	17,293	 	
Gross flows	  	 	1,230	 	 	 	1,405	 	 	 	1,280	 	 	 	3,915	 	 	 	1,474	 	 	 	1,665	 	 	 	1,759	 	 	 	1,712	 	 	 	6,610	 	
Redemptions	  	 	(1,047	)	 	 	(1,044	)	 	 	(1,080	)	 	 	(3,171	)	 	 	(797	)	 	 	(567	)	 	 	(494	)	 	 	(431	)	 	 	(2,289	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	183	 	 	 	361	 	 	 	200	 	 	 	744	 	 	 	677	 	 	 	1,098	 	 	 	1,265	 	 	 	1,281	 	 	 	4,321	 	
Market performance	  	 	(1,797	)	 	 	(537	)	 	 	(1,323	)	 	 	(3,657	)	 	 	(755	)	 	 	(119	)	 	 	612	 	 	 	232	 	 	 	(30	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
End of period	  	$	18,671	 	 	$	20,285	 	 	$	20,461	 	 	$	18,671	 	 	$	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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Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income—Retirement Income
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				
Premiums	  	$	181	 	 	$	111	 	 	$	167	 	 	$	459	 	 	$	135	 	 	$	118	 	 	$	151	 	 	$	154	 	 	$	558	 	
Net investment income	  	 	280	 	 	 	291	 	 	 	302	 	 	 	873	 	 	 	304	 	 	 	323	 	 	 	315	 	 	 	324	 	 	 	1,266	 	
Net investment gains (losses)	  	 	(325	)	 	 	(105	)	 	 	(93	)	 	 	(523	)	 	 	(55	)	 	 	(24	)	 	 	(22	)	 	 	(9	)	 	 	(110	)	
Insurance and investment product fees and other	  	 	51	 	 	 	54	 	 	 	54	 	 	 	159	 	 	 	55	 	 	 	53	 	 	 	46	 	 	 	44	 	 	 	198	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	187	 	 	 	351	 	 	 	430	 	 	 	968	 	 	 	439	 	 	 	470	 	 	 	490	 	 	 	513	 	 	 	1,912	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	278	 	 	 	191	 	 	 	252	 	 	 	721	 	 	 	218	 	 	 	198	 	 	 	221	 	 	 	232	 	 	 	869	 	
Interest credited	  	 	130	 	 	 	129	 	 	 	128	 	 	 	387	 	 	 	130	 	 	 	134	 	 	 	142	 	 	 	145	 	 	 	551	 	
Acquisition and operating expenses, net of deferrals	  	 	39	 	 	 	42	 	 	 	38	 	 	 	119	 	 	 	37	 	 	 	32	 	 	 	37	 	 	 	34	 	 	 	140	 	
Amortization of deferred acquisition costs and intangibles	  	 	(12	)	 	 	28	 	 	 	23	 	 	 	39	 	 	 	44	 	 	 	44	 	 	 	41	 	 	 	45	 	 	 	174	 	
Interest expense	  	 	1	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	5	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	436	 	 	 	391	 	 	 	442	 	 	 	1,269	 	 	 	430	 	 	 	410	 	 	 	442	 	 	 	457	 	 	 	1,739	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(249	) 	 	 	(40	)	 	 	(12	)	 	 	(301	)	 	 	9	 	 	 	60	 	 	 	48	 	 	 	56	 	 	 	173	 	
Provision (benefit) for income taxes	  	 	(106	)	 	 	—  	 	 	 	(6	)	 	 	(112	)	 	 	(2	)	 	 	(8	)	 	 	16	 	 	 	16	 	 	 	22	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(143	)	 	 	(40	)	 	 	(6	)	 	 	(189	)	 	 	11	 	 	 	68	 	 	 	32	 	 	 	40	 	 	 	151	 	
	 									
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	158	 	 	 	53	 	 	 	42	 	 	 	253	 	 	 	30	 	 	 	14	 	 	 	11	 	 	 	6	 	 	 	61	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	15	 	 	$	13	 	 	$	36	 	 	$	64	 	 	$	41	 	 	$	82	 	 	$	43	 	 	$	46	 	 	$	212	 	

Effective tax rate (operating income)	  	 	442.3	%	 	 	70.6	%	 	 	31.4	%	 	 	27.3	%	 	 	26.4	%	 	 	-0.2	%	 	 	33.4	%	 	 	29.6	%	 	 	20.8	%	
 
24

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) and Sales—Retirement Income—Fee-Based
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	  	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	—  	 	  	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	
Net investment income	  	 	2	 	  	 	3	 	 	 	3	 	 	 	8	 	 	 	3	 	 	 	3	 	 	 	5	 	 	 	4	 	 	 	15	 	
Net investment gains (losses)	  	 	(82	)	  	 	7	 	 	 	(35	)	 	 	(110	)	 	 	(9	)	 	 	(9	)	 	 	1	 	 	 	—  	 	 	 	(17	)	
Insurance and investment product fees and other	  	 	48	 	  	 	51	 	 	 	51	 	 	 	150	 	 	 	51	 	 	 	48	 	 	 	41	 	 	 	38	 	 	 	178	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	(32	) 	  	 	61	 	 	 	19	 	 	 	48	 	 	 	45	 	 	 	42	 	 	 	47	 	 	 	42	 	 	 	176	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	11	 	  	 	8	 	 	 	5	 	 	 	24	 	 	 	4	 	 	 	4	 	 	 	(1	)	 	 	4	 	 	 	11	 	
Interest credited	  	 	4	 	  	 	3	 	 	 	4	 	 	 	11	 	 	 	4	 	 	 	3	 	 	 	4	 	 	 	4	 	 	 	15	 	
Acquisition and operating expenses, net of deferrals	  	 	14	 	  	 	16	 	 	 	13	 	 	 	43	 	 	 	13	 	 	 	10	 	 	 	12	 	 	 	10	 	 	 	45	 	
Amortization of deferred acquisition costs and intangibles	  	 	(18	)	  	 	18	 	 	 	4	 	 	 	4	 	 	 	14	 	 	 	10	 	 	 	7	 	 	 	7	 	 	 	38	 	
Interest expense	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	11	 	  	 	45	 	 	 	26	 	 	 	82	 	 	 	35	 	 	 	27	 	 	 	22	 	 	 	25	 	 	 	109	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(43	)	  	 	16	 	 	 	(7	)	 	 	(34	)	 	 	10	 	 	 	15	 	 	 	25	 	 	 	17	 	 	 	67	 	
Provision (benefit) for income taxes	  	 	(19	)	  	 	8	 	 	 	(4	)	 	 	(15	)	 	 	(1	)	 	 	(19	)	 	 	7	 	 	 	2	 	 	 	(11	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(24	)	  	 	8	 	 	 	(3	)	 	 	(19	)	 	 	11	 	 	 	34	 	 	 	18	 	 	 	15	 	 	 	78	 	
	 									
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	23	 	  	 	(2	)	 	 	13	 	 	 	34	 	 	 	6	 	 	 	6	 	 	 	(1	)	 	 	—  	 	 	 	11	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(1	)	  	$	6	 	 	$	10	 	 	$	15	 	 	$	17	 	 	$	40	 	 	$	17	 	 	$	15	 	 	$	89	 	

Effective tax rate (operating income (loss))	  	 	86.9	%	  	 	56.4	%	 	 	21.9	%	 	 	15.1	%	 	 	12.1	%	 	 	-65.7	%	 	 	28.7	%	 	 	10.9	%	 	 	-5.5	%	
										
SALES:	  				  				 				 				 				 				 				 				 				
Sales by Product:	  				  				 				 				 				 				 				 				 				
Income Distribution Series (1)	  	$	499	 	  	$	585	 	 	$	586	 	 	$	1,670	 	 	$	606	 	 	$	528	 	 	$	472	 	 	$	409	 	 	$	2,015	 	
Traditional Variable Annuities	  	 	97	 	  	 	118	 	 	 	113	 	 	 	328	 	 	 	151	 	 	 	136	 	 	 	153	 	 	 	134	 	 	 	574	 	
Variable Life	  	 	—  	 	  	 	2	 	 	 	1	 	 	 	3	 	 	 	3	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	8	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	596	 	  	$	705	 	 	$	700	 	 	$	2,001	 	 	$	760	 	 	$	665	 	 	$	628	 	 	$	544	 	 	$	2,597	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Sales by Distribution Channel:	  			 	  				 				 				 				 				 				 				 				
Financial Intermediaries	  	$	545	 	  	$	662	 	 	$	660	 	 	$	1,867	 	 	$	716	 	 	$	609	 	 	$	592	 	 	$	513	 	 	$	2,430	 	
Independent Producers	  	 	17	 	  	 	15	 	 	 	12	 	 	 	44	 	 	 	10	 	 	 	20	 	 	 	13	 	 	 	12	 	 	 	55	 	
Dedicated Sales Specialists	  	 	34	 	  	 	28	 	 	 	28	 	 	 	90	 	 	 	34	 	 	 	36	 	 	 	23	 	 	 	19	 	 	 	112	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	596	 	  	$	705	 	 	$	700	 	 	$	2,001	 	 	$	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.	
 
25

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Assets Under Management—Retirement Income—Fee-Based
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Income Distribution Series (1) 	  			 	 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	$	5,308	 	 	$	4,877	 	 	$	4,535	 	 	$	4,535	 	 	$	3,978	 	 	$	3,361	 	 	$	2,813	 	 	$	2,402	 	 	$	2,402	 	
Deposits	  	 	506	 	 	 	596	 	 	 	595	 	 	 	1,697	 	 	 	625	 	 	 	543	 	 	 	482	 	 	 	421	 	 	 	2,071	 	
Surrenders, benefits and product charges	  	 	(115	)	 	 	(112	)	 	 	(105	)	 	 	(332	)	 	 	(98	)	 	 	(78	)	 	 	(66	)	 	 	(60	)	 	 	(302	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	391	 	 	 	484	 	 	 	490	 	 	 	1,365	 	 	 	527	 	 	 	465	 	 	 	416	 	 	 	361	 	 	 	1,769	 	
Interest credited and investment performance	  	 	(327	)	 	 	(53	)	 	 	(148	)	 	 	(528	)	 	 	30	 	 	 	152	 	 	 	132	 	 	 	50	 	 	 	364	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	5,372	 	 	 	5,308	 	 	 	4,877	 	 	 	5,372	 	 	 	4,535	 	 	 	3,978	 	 	 	3,361	 	 	 	2,813	 	 	 	4,535	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Traditional Variable Annuities	  			 	 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	 	2,278	 	 	 	2,241	 	 	 	2,345	 	 	 	2,345	 	 	 	2,262	 	 	 	2,098	 	 	 	1,905	 	 	 	1,780	 	 	 	1,780	 	
Deposits	  	 	92	 	 	 	105	 	 	 	108	 	 	 	305	 	 	 	148	 	 	 	133	 	 	 	149	 	 	 	130	 	 	 	560	 	
Surrenders, benefits and product charges	  	 	(66	)	 	 	(63	)	 	 	(59	)	 	 	(188	)	 	 	(50	)	 	 	(48	)	 	 	(56	)	 	 	(41	)	 	 	(195	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	26	 	 	 	42	 	 	 	49	 	 	 	117	 	 	 	98	 	 	 	85	 	 	 	93	 	 	 	89	 	 	 	365	 	
Interest credited and investment performance	  	 	(290	)  	 	 	(5	)	 	 	(153	)	 	 	(448	)	 	 	(15	)	 	 	79	 	 	 	100	 	 	 	36	 	 	 	200	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	2,014	 	 	 	2,278	 	 	 	2,241	 	 	 	2,014	 	 	 	2,345	 	 	 	2,262	 	 	 	2,098	 	 	 	1,905	 	 	 	2,345	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Variable Life Insurance	  			 	 				 				 				 				 				 				 				 				
Account value, beginning of the period	  	 	373	 	 	 	371	 	 	 	403	 	 	 	403	 	 	 	414	 	 	 	408	 	 	 	396	 	 	 	391	 	 	 	391	 	
Deposits	  	 	4	 	 	 	5	 	 	 	5	 	 	 	14	 	 	 	6	 	 	 	6	 	 	 	7	 	 	 	5	 	 	 	24	 	
Surrenders, benefits and product charges	  	 	(15	)	 	 	(10	)	 	 	(10	)	 	 	(35	)	 	 	(13	)	 	 	(15	)	 	 	(14	)	 	 	(12	)	 	 	(54	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(11	)	 	 	(5	)	 	 	(5	)	 	 	(21	)	 	 	(7	)	 	 	(9	)	 	 	(7	)	 	 	(7	)	 	 	(30	)	
Interest credited and investment performance	  	 	(38	)	 	 	7	 	 	 	(27	)	 	 	(58	)	 	 	(4	)	 	 	15	 	 	 	19	 	 	 	12	 	 	 	42	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of period	  	 	324	 	 	 	373	 	 	 	371	 	 	 	324	 	 	 	403	 	 	 	414	 	 	 	408	 	 	 	396	 	 	 	403	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Retirement Income—Fee-Based	  	$	7,710	 	 	$	7,959	 	 	$	7,489	 	 	$	7,710	 	 	$	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.	
 
26

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—Retirement Income—Spread-Based
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				
Premiums	  	$	181	 	 	$	111	 	 	$	167	 	 	$	459	 	 	$	135	 	 	$	118	 	 	$	151	 	 	$	154	 	 	$	558	 	
Net investment income	  	 	278	 	 	 	288	 	 	 	299	 	 	 	865	 	 	 	301	 	 	 	320	 	 	 	310	 	 	 	320	 	 	 	1,251	 	
Net investment gains (losses)	  	 	(243	) 	 	 	(112	)	 	 	(58	)	 	 	(413	)	 	 	(46	)	 	 	(15	)	 	 	(23	)	 	 	(9	)	 	 	(93	)	
Insurance and investment product fees and other	  	 	3	 	 	 	3	 	 	 	3	 	 	 	9	 	 	 	4	 	 	 	5	 	 	 	5	 	 	 	6	 	 	 	20	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	219	 	 	 	290	 	 	 	411	 	 	 	920	 	 	 	394	 	 	 	428	 	 	 	443	 	 	 	471	 	 	 	1,736	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	267	 	 	 	183	 	 	 	247	 	 	 	697	 	 	 	214	 	 	 	194	 	 	 	222	 	 	 	228	 	 	 	858	 	
Interest credited	  	 	126	 	 	 	126	 	 	 	124	 	 	 	376	 	 	 	126	 	 	 	131	 	 	 	138	 	 	 	141	 	 	 	536	 	
Acquisition and operating expenses, net of deferrals	  	 	25	 	 	 	26	 	 	 	25	 	 	 	76	 	 	 	24	 	 	 	22	 	 	 	25	 	 	 	24	 	 	 	95	 	
Amortization of deferred acquisition costs and intangibles	  	 	6	 	 	 	10	 	 	 	19	 	 	 	35	 	 	 	30	 	 	 	34	 	 	 	34	 	 	 	38	 	 	 	136	 	
Interest expense	  	 	1	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	5	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	425	 	 	 	346	 	 	 	416	 	 	 	1,187	 	 	 	395	 	 	 	383	 	 	 	420	 	 	 	432	 	 	 	1,630	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(206	)	 	 	(56	)	 	 	(5	)	 	 	(267	)	 	 	(1	)	 	 	45	 	 	 	23	 	 	 	39	 	 	 	106	 	
Provision (benefit) for income taxes	  	 	(87	)	 	 	(8	)	 	 	(2	)	 	 	(97	)	 	 	(1	)	 	 	11	 	 	 	9	 	 	 	14	 	 	 	33	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(119	)	 	 	(48	)	 	 	(3	)	 	 	(170	)	 	 	—  	 	 	 	34	 	 	 	14	 	 	 	25	 	 	 	73	 	
	 									
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	135	 	 	 	55	 	 	 	29	 	 	 	219	 	 	 	24	 	 	 	8	 	 	 	12	 	 	 	6	 	 	 	50	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	16	 	 	$	7	 	 	$	26	 	 	$	49	 	 	$	24	 	 	$	42	 	 	$	26	 	 	$	31	 	 	$	123	 	

Effective tax rate (operating income)	  	 	-408.1	%	 	 	76.6	%	 	 	34.7	%	 	 	30.3	%	 	 	34.3	%	 	 	26.9	%	 	 	36.1	%	 	 	36.2	%	 	 	32.9	%	
										
SALES:	  				 				 				 				 				 				 				 				 				
Sales by Product:	  				 				 				 				 				 				 				 				 				
Structured Settlements	  	$	—  	 	 	$	—  	 	 	$	3	 	 	$	3	 	 	$	12	 	 	$	5	 	 	$	30	 	 	$	47	 	 	$	94	 	
Single Premium Immediate Annuities	  	 	259	 	 	 	150	 	 	 	240	 	 	 	649	 	 	 	189	 	 	 	208	 	 	 	218	 	 	 	200	 	 	 	815	 	
Fixed Annuities	  	 	468	 	 	 	298	 	 	 	408	 	 	 	1,174	 	 	 	185	 	 	 	145	 	 	 	106	 	 	 	167	 	 	 	603	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	727	 	 	$	448	 	 	$	651	 	 	$	1,826	 	 	$	386	 	 	$	358	 	 	$	354	 	 	$	414	 	 	$	1,512	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Sales by Distribution Channel:	  			 	 				 				 				 				 				 				 				 				
Financial Intermediaries	  	$	572	 	 	$	360	 	 	$	541	 	 	$	1,473	 	 	$	299	 	 	$	250	 	 	$	239	 	 	$	275	 	 	$	1,063	 	
Independent Producers	  	 	146	 	 	 	82	 	 	 	103	 	 	 	331	 	 	 	82	 	 	 	99	 	 	 	109	 	 	 	131	 	 	 	421	 	
Dedicated Sales Specialists	  	 	9	 	 	 	6	 	 	 	7	 	 	 	22	 	 	 	5	 	 	 	9	 	 	 	6	 	 	 	8	 	 	 	28	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	727	 	 	$	448	 	 	$	651	 	 	 	1,826	 	 	$	386	 	 	$	358	 	 	$	354	 	 	$	414	 	 	$	1,512	 	

PREMIUMS BY PRODUCT:	  				 				 				 				 				 				 				 				 				
Single Premium Immediate Annuities	  	$	181	 	 	$	111	 	 	$	165	 	 	$	457	 	 	$	124	 	 	$	114	 	 	$	124	 	 	$	111	 	 	$	473	 	
Structured Settlements	  	 	—  	 	 	 	—  	 	 	 	2	 	 	 	2	 	 	 	11	 	 	 	4	 	 	 	27	 	 	 	43	 	 	 	85	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Premiums	  	$	181	 	 	$	111	 	 	$	167	 	 	$	459	 	 	$	135	 	 	$	118	 	 	$	151	 	 	$	154	 	 	$	558	 	

 
27

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Assets Under Management—Retirement Income—Spread-Based
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Fixed Annuities	  			 	 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	$	12,130	 	 	$	12,141	 	 	$	12,073	 	 	$	12,073	 	 	$	12,368	 	 	$	12,886	 	 	$	13,522	 	 	$	13,972	 	 	$	13,972	 	
Deposits	  	 	514	 	 	 	333	 	 	 	436	 	 	 	1,283	 	 	 	215	 	 	 	184	 	 	 	144	 	 	 	207	 	 	 	750	 	
Surrenders, benefits and product charges	  	 	(576	) 	 	 	(449	)	 	 	(474	)	 	 	(1,499	)	 	 	(618	)	 	 	(815	)	 	 	(899	)	 	 	(781	)	 	 	(3,113	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(62	)	 	 	(116	)	 	 	(38	)	 	 	(216	)	 	 	(403	)	 	 	(631	)	 	 	(755	)	 	 	(574	)	 	 	(2,363	)	
Interest credited	  	 	106	 	 	 	105	 	 	 	106	 	 	 	317	 	 	 	108	 	 	 	113	 	 	 	119	 	 	 	124	 	 	 	464	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	12,174	 	 	 	12,130	 	 	 	12,141	 	 	 	12,174	 	 	 	12,073	 	 	 	12,368	 	 	 	12,886	 	 	 	13,522	 	 	 	12,073	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Single Premium Immediate Annuities	  			 	 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	 	6,781	 	 	 	6,781	 	 	 	6,668	 	 	 	6,668	 	 	 	6,458	 	 	 	6,367	 	 	 	6,261	 	 	 	6,174	 	 	 	6,174	 	
Premiums and deposits	  	 	280	 	 	 	188	 	 	 	291	 	 	 	759	 	 	 	226	 	 	 	247	 	 	 	261	 	 	 	237	 	 	 	971	 	
Surrenders, benefits and product charges	  	 	(197	)	 	 	(278	)	 	 	(267	)	 	 	(742	)	 	 	(102	)	 	 	(241	)	 	 	(240	)	 	 	(234	)	 	 	(817	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	83	 	 	 	(90	)	 	 	24	 	 	 	17	 	 	 	124	 	 	 	6	 	 	 	21	 	 	 	3	 	 	 	154	 	
Interest credited	  	 	92	 	 	 	90	 	 	 	89	 	 	 	271	 	 	 	86	 	 	 	85	 	 	 	85	 	 	 	84	 	 	 	340	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	6,956	 	 	 	6,781	 	 	 	6,781	 	 	 	6,956	 	 	 	6,668	 	 	 	6,458	 	 	 	6,367	 	 	 	6,261	 	 	 	6,668	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Structured Settlements	  			 	 				 				 				 				 				 				 				 				
Account value, net of reinsurance, beginning of period	  	 	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	)	 	 	(13	)	 	 	(14	)	 	 	(42	)	 	 	(15	)	 	 	(15	)	 	 	(15	)	 	 	(14	)	 	 	(59	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(15	)	 	 	(12	)	 	 	(12	)	 	 	(39	)	 	 	(3	)	 	 	(10	)	 	 	15	 	 	 	33	 	 	 	35	 	
Interest credited	  	 	14	 	 	 	14	 	 	 	14	 	 	 	42	 	 	 	14	 	 	 	14	 	 	 	15	 	 	 	14	 	 	 	57	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, net of reinsurance, end of period	  	 	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	  	$	20,236	 	 	$	20,018	 	 	$	20,027	 	 	$	20,236	 	 	$	19,844	 	 	$	19,918	 	 	$	20,341	 	 	$	20,841	 	 	$	19,844	 	

 
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Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—Institutional
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				
Premiums	  	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	 	$	—  	 	
Net investment income	  	 	87	 	 	 	100	 	 	 	135	 	 	 	322	 	 	 	167	 	 	 	175	 	 	 	167	 	 	 	166	 	 	 	675	 	
Net investment gains (losses)	  	 	(206	)	 	 	(303	)	 	 	(59	)	 	 	(568	)	 	 	(128	)	 	 	(20	)	 	 	(6	)	 	 	(5	)	 	 	(159	)	
Insurance and investment product fees and other	  	 	81	 	 	 	—  	 	 	 	—  	 	 	 	81	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	(38	) 	 	 	(203	)	 	 	76	 	 	 	(165	)	 	 	39	 	 	 	155	 	 	 	161	 	 	 	161	 	 	 	516	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Interest credited	  	 	80	 	 	 	86	 	 	 	115	 	 	 	281	 	 	 	149	 	 	 	157	 	 	 	149	 	 	 	141	 	 	 	596	 	
Acquisition and operating expenses, net of deferrals	  	 	2	 	 	 	2	 	 	 	2	 	 	 	6	 	 	 	2	 	 	 	3	 	 	 	2	 	 	 	3	 	 	 	10	 	
Amortization of deferred acquisition costs and intangibles	  	 	14	 	 	 	1	 	 	 	1	 	 	 	16	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	
Interest expense	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	96	 	 	 	89	 	 	 	118	 	 	 	303	 	 	 	152	 	 	 	160	 	 	 	152	 	 	 	144	 	 	 	608	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(134	)	 	 	(292	)	 	 	(42	)	 	 	(468	)	 	 	(113	)	 	 	(5	)	 	 	9	 	 	 	17	 	 	 	(92	)	
Provision (benefit) for income taxes	  	 	(49	)	 	 	(101	)	 	 	(14	)	 	 	(164	)	 	 	(40	)	 	 	(2	)	 	 	3	 	 	 	6	 	 	 	(33	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(85	)	 	 	(191	)	 	 	(28	)	 	 	(304	)	 	 	(73	)	 	 	(3	)	 	 	6	 	 	 	11	 	 	 	(59	)	
	 									
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	134	 	 	 	196	 	 	 	39	 	 	 	369	 	 	 	82	 	 	 	13	 	 	 	4	 	 	 	3	 	 	 	102	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	49	 	 	$	5	 	 	$	11	 	 	$	65	 	 	$	9	 	 	$	10	 	 	$	10	 	 	$	14	 	 	$	43	 	

Effective tax rate (operating income)	  	 	32.0	%	 	 	51.6	%	 	 	34.0	%	 	 	34.5	%	 	 	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	  	 	342	 	 	 	75	 	 	 	—  	 	 	 	417	 	 	 	—  	 	 	 	—  	 	 	 	315	 	 	 	—  	 	 	 	315	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	458	 	 	$	934	 	 	$	151	 	 	$	1,543	 	 	$	552	 	 	$	224	 	 	$	1,007	 	 	$	622	 	 	$	2,405	 	

 
Institutional products are sold through specialized brokers and investment brokers, as well as directly to the contractholder.
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Assets Under Management—Institutional
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
GICs, Funding Agreements and Funding Agreements Backing Notes	  			 	 				 				 				 				 				 				 				 				
Account value, beginning of period	  	$	10,773	 	 	$	10,655	 	 	$	10,982	 	 	$	10,982	 	 	$	11,292	 	 	$	11,515	 	 	$	10,724	 	 	$	10,483	 	 	$	10,483	 	
Deposits (1)	  	 	558	 	 	 	1,128	 	 	 	251	 	 	 	1,937	 	 	 	762	 	 	 	323	 	 	 	1,107	 	 	 	722	 	 	 	2,914	 	
Surrenders and benefits (1)	  	 	(2,149	) 	 	 	(1,099	)	 	 	(727	)	 	 	(3,975	)	 	 	(1,226	)	 	 	(710	)	 	 	(460	)	 	 	(629	)	 	 	(3,025	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net flows	  	 	(1,591	)	 	 	29	 	 	 	(476	)	 	 	(2,038	)	 	 	(464	)	 	 	(387	)	 	 	647	 	 	 	93	 	 	 	(111	)	
Interest credited	  	 	94	 	 	 	96	 	 	 	117	 	 	 	307	 	 	 	147	 	 	 	154	 	 	 	147	 	 	 	141	 	 	 	589	 	
Foreign currency translation	  	 	(23	)	 	 	(7	)	 	 	32	 	 	 	2	 	 	 	7	 	 	 	10	 	 	 	(3	)	 	 	7	 	 	 	21	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Account value, end of period	  	$	9,253	 	 	$	10,773	 	 	$	10,655	 	 	$	9,253	 	 	$	10,982	 	 	$	11,292	 	 	$	11,515	 	 	$	10,724	 	 	$	10,982	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
By Contract Type:	  			 	 				 				 				 				 				 				 				 				
Guaranteed Investment Contracts	  	$	1,392	 	 	$	1,478	 	 	$	1,449	 	 				 	$	1,602	 	 	$	1,790	 	 	$	1,921	 	 	$	2,073	 	 				
Funding Agreements Backing Notes	  	 	5,988	 	 	 	7,349	 	 	 	6,909	 	 				 	 	6,721	 	 	 	6,591	 	 	 	6,578	 	 	 	5,953	 	 				
Funding Agreements	  	 	1,873	 	 	 	1,946	 	 	 	2,297	 	 				 	 	2,659	 	 	 	2,911	 	 	 	3,016	 	 	 	2,698	 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
	  	$	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	  	 	955	 	 	 	550	 	 	 	925	 	 				 	 	1,135	 	 	 	1,285	 	 	 	1,285	 	 	 	1,235	 	 				
Rolling maturity (2)	  			 	 				 				 				 				 				 				 				 				
No extension and mature in next 12 months	  	 	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	  	 	337	 	 	 	—  	 	 	 	—  	 	 				 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 				
Accrued interest	  	 	6	 	 	 	6	 	 	 	7	 	 				 	 	14	 	 	 	16	 	 	 	16	 	 	 	13	 	 				
	  	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total funding agreements	  	$	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 September 30, 2008 and 2007, contracts were redeposited and are now reflected under “Deposits” amounted to zero and $100 million, respectively. For the nine months ended September 30, 2008 and 2007, contracts included $295 million and $300 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.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—Life Insurance
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				
Premiums	  	$	241	 	 	$	250	 	 	$	242	 	 	$	733	 	 	$	231	 	 	$	236	 	 	$	238	 	 	$	235	 	 	$	940	 	
Net investment income	  	 	141	 	 	 	148	 	 	 	153	 	 	 	442	 	 	 	171	 	 	 	183	 	 	 	164	 	 	 	157	 	 	 	675	 	
Net investment gains (losses)	  	 	(137	)	 	 	(80	)	 	 	(26	)	 	 	(243	)	 	 	(29	)	 	 	4	 	 	 	(7	)	 	 	—  	 	 	 	(32	)	
Insurance and investment product fees and other	  	 	98	 	 	 	89	 	 	 	93	 	 	 	280	 	 	 	100	 	 	 	88	 	 	 	95	 	 	 	93	 	 	 	376	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	343	 	 	 	407	 	 	 	462	 	 	 	1,212	 	 	 	473	 	 	 	511	 	 	 	490	 	 	 	485	 	 	 	1,959	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	230	 	 	 	208	 	 	 	205	 	 	 	643	 	 	 	202	 	 	 	204	 	 	 	202	 	 	 	196	 	 	 	804	 	
Interest credited	  	 	63	 	 	 	60	 	 	 	61	 	 	 	184	 	 	 	61	 	 	 	60	 	 	 	62	 	 	 	60	 	 	 	243	 	
Acquisition and operating expenses, net of deferrals	  	 	37	 	 	 	34	 	 	 	37	 	 	 	108	 	 	 	35	 	 	 	32	 	 	 	31	 	 	 	31	 	 	 	129	 	
Amortization of deferred acquisition costs and intangibles	  	 	18	 	 	 	39	 	 	 	35	 	 	 	92	 	 	 	35	 	 	 	27	 	 	 	36	 	 	 	32	 	 	 	130	 	
Interest expense	  	 	37	 	 	 	38	 	 	 	46	 	 	 	121	 	 	 	56	 	 	 	57	 	 	 	50	 	 	 	42	 	 	 	205	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	385	 	 	 	379	 	 	 	384	 	 	 	1,148	 	 	 	389	 	 	 	380	 	 	 	381	 	 	 	361	 	 	 	1,511	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(42	)	 	 	28	 	 	 	78	 	 	 	64	 	 	 	84	 	 	 	131	 	 	 	109	 	 	 	124	 	 	 	448	 	
Provision (benefit) for income taxes	  	 	(16	)	 	 	(6	)	 	 	29	 	 	 	7	 	 	 	29	 	 	 	47	 	 	 	39	 	 	 	46	 	 	 	161	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(26	)	 	 	34	 	 	 	49	 	 	 	57	 	 	 	55	 	 	 	84	 	 	 	70	 	 	 	78	 	 	 	287	 	
	 									
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	89	 	 	 	53	 	 	 	16	 	 	 	158	 	 	 	21	 	 	 	(3	)	 	 	5	 	 	 	—  	 	 	 	23	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	63	 	 	$	87	 	 	$	65	 	 	$	215	 	 	$	76	 	 	$	81	 	 	$	75	 	 	$	78	 	 	$	310	 	

Effective tax rate (operating income)	  	 	33.6	%	 	 	20.2	%	 	 	36.9	%	 	 	30.0	%	 	 	33.7	%	 	 	36.1	%	 	 	35.3	%	 	 	37.1	%	 	 	35.6	%	
										
SALES:	  				 				 				 				 				 				 				 				 				
Sales by Product:	  				 				 				 				 				 				 				 				 				
Term Life	  	$	21	 	 	$	25	 	 	$	23	 	 	$	69	 	 	$	26	 	 	$	28	 	 	$	29	 	 	$	29	 	 	$	112	 	
Universal Life:	  			 	 				 				 				 				 				 				 				 				
Annualized first-year deposits	  	 	12	 	 	 	14	 	 	 	13	 	 	 	39	 	 	 	14	 	 	 	15	 	 	 	15	 	 	 	11	 	 	 	55	 	
Excess deposits	  	 	43	 	 	 	46	 	 	 	43	 	 	 	132	 	 	 	64	 	 	 	53	 	 	 	41	 	 	 	48	 	 	 	206	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Universal Life	  	 	55	 	 	 	60	 	 	 	56	 	 	 	171	 	 	 	78	 	 	 	68	 	 	 	56	 	 	 	59	 	 	 	261	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	76	 	 	$	85	 	 	$	79	 	 	$	240	 	 	$	104	 	 	$	96	 	 	$	85	 	 	$	88	 	 	$	373	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Sales by Distribution Channel:	  			 	 				 				 				 				 				 				 				 				
Financial Intermediaries	  	$	—  	 	 	$	1	 	 	$	1	 	 	$	2	 	 	$	2	 	 	$	1	 	 	$	2	 	 	$	1	 	 	$	6	 	
Independent Producers	  	 	76	 	 	 	84	 	 	 	78	 	 	 	238	 	 	 	102	 	 	 	95	 	 	 	83	 	 	 	87	 	 	 	367	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	76	 	 	$	85	 	 	$	79	 	 	$	240	 	 	$	104	 	 	$	96	 	 	$	85	 	 	$	88	 	 	$	373	 	

 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Life Insurance In-force
(amounts in millions)

 	  	2008	  	2007	
 	  	Q3	 	  	Q2	  	Q1	  	Q4	  	Q3	  	Q2	  	Q1	
Term life insurance	  			 	  			  			  			  			  			  			
Life insurance in-force, net of reinsurance	  	$	491,032	 	  	$	481,430	  	$	476,503	  	$	464,411	  	$	457,001	  	$	449,654	  	$	439,380	
Life insurance in-force before reinsurance	  	$	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	  	$	43,781	 	  	$	42,833	  	$	42,590	  	$	42,181	  	$	41,638	  	$	41,303	  	$	40,912	
Life insurance in-force before reinsurance	  	$	51,043	 	  	$	51,851	  	$	51,534	  	$	51,175	  	$	50,737	  	$	50,290	  	$	49,834	
Total life insurance	  			 	  			  			  			  			  			  			
Life insurance in-force, net of reinsurance	  	$	534,813	 	  	$	524,263	  	$	519,093	  	$	506,592	  	$	498,639	  	$	490,957	  	$	480,292	
Life insurance in-force before reinsurance	  	$	676,428	 	  	$	673,072	  	$	670,620	  	$	669,554	  	$	664,985	  	$	660,361	  	$	652,559	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—Long-Term Care
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	  	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	536	 	  	$	524	 	 	$	511	 	 	$	1,571	 	 	$	506	 	 	$	507	 	 	$	498	 	 	$	485	 	 	$	1,996	 	
Net investment income	  	 	222	 	  	 	215	 	 	 	216	 	 	 	653	 	 	 	212	 	 	 	210	 	 	 	213	 	 	 	196	 	 	 	831	 	
Net investment gains (losses)	  	 	(34	) 	  	 	(23	)	 	 	(32	)	 	 	(89	)	 	 	(2	)	 	 	2	 	 	 	(10	)	 	 	(5	)	 	 	(15	)	
Insurance and investment product fees and other	  	 	6	 	  	 	6	 	 	 	6	 	 	 	18	 	 	 	6	 	 	 	6	 	 	 	5	 	 	 	7	 	 	 	24	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	730	 	  	 	722	 	 	 	701	 	 	 	2,153	 	 	 	722	 	 	 	725	 	 	 	706	 	 	 	683	 	 	 	2,836	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	540	 	  	 	531	 	 	 	522	 	 	 	1,593	 	 	 	509	 	 	 	517	 	 	 	494	 	 	 	480	 	 	 	2,000	 	
Interest credited	  	 	46	 	  	 	45	 	 	 	41	 	 	 	132	 	 	 	45	 	 	 	40	 	 	 	38	 	 	 	39	 	 	 	162	 	
Acquisition and operating expenses, net of deferrals	  	 	89	 	  	 	84	 	 	 	83	 	 	 	256	 	 	 	89	 	 	 	84	 	 	 	87	 	 	 	84	 	 	 	344	 	
Amortization of deferred acquisition costs and intangibles	  	 	29	 	  	 	31	 	 	 	29	 	 	 	89	 	 	 	24	 	 	 	24	 	 	 	34	 	 	 	27	 	 	 	109	 	
Interest expense	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	704	 	  	 	691	 	 	 	675	 	 	 	2,070	 	 	 	668	 	 	 	665	 	 	 	653	 	 	 	630	 	 	 	2,616	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	26	 	  	 	31	 	 	 	26	 	 	 	83	 	 	 	54	 	 	 	60	 	 	 	53	 	 	 	53	 	 	 	220	 	
Provision for income taxes	  	 	9	 	  	 	12	 	 	 	9	 	 	 	30	 	 	 	20	 	 	 	20	 	 	 	19	 	 	 	19	 	 	 	78	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	17	 	  	 	19	 	 	 	17	 	 	 	53	 	 	 	34	 	 	 	40	 	 	 	34	 	 	 	34	 	 	 	142	 	
	 									
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	22	 	  	 	15	 	 	 	21	 	 	 	58	 	 	 	2	 	 	 	(1	)	 	 	7	 	 	 	3	 	 	 	11	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME	  	$	39	 	  	$	34	 	 	$	38	 	 	$	111	 	 	$	36	 	 	$	39	 	 	$	41	 	 	$	37	 	 	$	153	 	

Effective tax rate (operating income)	  	 	34.7	%	  	 	36.4	%	 	 	34.9	%	 	 	35.3	%	 	 	36.5	%	 	 	33.3	%	 	 	35.8	%	 	 	35.9	%	 	 	35.4	%	
										
SALES:	  				  				 				 				 				 				 				 				 				
Sales by Distribution Channel:	  				  				 				 				 				 				 				 				 				
Financial Intermediaries	  	$	5	 	  	$	4	 	 	$	6	 	 	$	15	 	 	$	7	 	 	$	6	 	 	$	7	 	 	$	7	 	 	$	27	 	
Independent Producers	  	 	23	 	  	 	24	 	 	 	23	 	 	 	70	 	 	 	25	 	 	 	25	 	 	 	23	 	 	 	24	 	 	 	97	 	
Dedicated Sales Specialist	  	 	15	 	  	 	16	 	 	 	15	 	 	 	46	 	 	 	13	 	 	 	13	 	 	 	11	 	 	 	10	 	 	 	47	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Individual Long-Term Care	  	 	43	 	  	 	44	 	 	 	44	 	 	 	131	 	 	 	45	 	 	 	44	 	 	 	41	 	 	 	41	 	 	 	171	 	
Group Long-Term Care	  	 	1	 	  	 	1	 	 	 	1	 	 	 	3	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	
Medicare Supplement and Other A&H	  	 	14	 	  	 	13	 	 	 	10	 	 	 	37	 	 	 	10	 	 	 	8	 	 	 	7	 	 	 	7	 	 	 	32	 	
Linked-Benefits	  	 	6	 	  	 	8	 	 	 	7	 	 	 	21	 	 	 	10	 	 	 	8	 	 	 	5	 	 	 	4	 	 	 	27	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	64	 	  	$	66	 	 	$	62	 	 	$	192	 	 	$	66	 	 	$	60	 	 	$	54	 	 	$	52	 	 	$	232	 	

LOSS RATIOS:	  				  				 				 				 				 				 				 				 				
Total Long-Term Care	  				  				 				 				 				 				 				 				 				
Earned Premium	  	$	470	 	  	$	459	 	 	$	443	 	 	$	1,372	 	 	$	442	 	 	$	444	 	 	$	430	 	 	$	419	 	 	$	1,735	 	
Loss Ratio (1)	  	 	66.5	%	  	 	66.9	%	 	 	66.9	%	 	 	66.7	%	 	 	67.5	%	 	 	70.0	%	 	 	67.8	%	 	 	65.4	%	 	 	66.6	%	
Gross Benefits Ratio (2)	  	 	104.6	%	  	 	105.2	%	 	 	105.6	%	 	 	105.1	%	 	 	105.0	%	 	 	106.4	%	 	 	103.9	%	 	 	101.0	%	 	 	102.5	%	
Medicare Supplement and A&H (3)	  			 	  				 				 				 				 				 				 				 				
Earned Premium	  	$	68	 	  	$	68	 	 	$	68	 	 	$	204	 	 	$	66	 	 	$	65	 	 	$	69	 	 	$	67	 	 	$	267	 	
Loss Ratio (1)	  	 	69.6	%	  	 	70.5	%	 	 	76.2	%	 	 	72.1	%	 	 	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 premium.	

(3)	The Medicare Supplement and A&H earned premium and loss ratio does not include the linked-benefits product.	
 
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 International
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income—International
(amounts in millions)

 	 	2008	 	 	2007	 	
   	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				
Premiums	 	$	587	 	 	$	628	 	 	$	609	 	 	$	1,824	 	 	$	623	 	 	$	572	 	 	$	509	 	 	$	493	 	 	$	2,197	 	
Net investment income	 	 	146	 	 	 	148	 	 	 	138	 	 	 	432	 	 	 	138	 	 	 	131	 	 	 	113	 	 	 	88	 	 	 	470	 	
Net investment gains (losses)	 	 	(37	)  	 	 	25	 	 	 	(7	)	 	 	(19	)	 	 	(2	)	 	 	—  	 	 	 	(5	)	 	 	—  	 	 	 	(7	)	
Insurance and investment product fees and other	 	 	7	 	 	 	7	 	 	 	11	 	 	 	25	 	 	 	8	 	 	 	8	 	 	 	7	 	 	 	6	 	 	 	29	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	703	 	 	 	808	 	 	 	751	 	 	 	2,262	 	 	 	767	 	 	 	711	 	 	 	624	 	 	 	587	 	 	 	2,689	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	147	 	 	 	160	 	 	 	163	 	 	 	470	 	 	 	140	 	 	 	126	 	 	 	112	 	 	 	107	 	 	 	485	 	
Acquisition and operating expenses, net of deferrals	 	 	254	 	 	 	273	 	 	 	258	 	 	 	785	 	 	 	266	 	 	 	281	 	 	 	229	 	 	 	224	 	 	 	1,000	 	
Amortization of deferred acquisition costs and intangibles	 	 	87	 	 	 	97	 	 	 	103	 	 	 	287	 	 	 	96	 	 	 	94	 	 	 	86	 	 	 	87	 	 	 	363	 	
Interest expense	 	 	19	 	 	 	8	 	 	 	7	 	 	 	34	 	 	 	8	 	 	 	6	 	 	 	10	 	 	 	4	 	 	 	28	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	507	 	 	 	538	 	 	 	531	 	 	 	1,576	 	 	 	510	 	 	 	507	 	 	 	437	 	 	 	422	 	 	 	1,876	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	196	 	 	 	270	 	 	 	220	 	 	 	686	 	 	 	257	 	 	 	204	 	 	 	187	 	 	 	165	 	 	 	813	 	
Provision for income taxes	 	 	54	 	 	 	71	 	 	 	64	 	 	 	189	 	 	 	78	 	 	 	65	 	 	 	48	 	 	 	42	 	 	 	233	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	 	 	142	 	 	 	199	 	 	 	156	 	 	 	497	 	 	 	179	 	 	 	139	 	 	 	139	 	 	 	123	 	 	 	580	 	
	 									
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	 	 	24	 	 	 	(16	)	 	 	4	 	 	 	12	 	 	 	1	 	 	 	1	 	 	 	3	 	 	 	—  	 	 	 	5	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1) 	 	$	166	 	 	$	183	 	 	$	160	 	 	$	509	 	 	$	180	 	 	$	140	 	 	$	142	 	 	$	123	 	 	$	585	 	

Effective tax rate (operating income)	 	 	28.1	%	 	 	25.6	%	 	 	29.5	%	 	 	27.7	%	 	 	30.7	%	 	 	32.2	%	 	 	25.7	%	 	 	25.3	%	 	 	28.8	%	

(1)	Net operating income adjusted for foreign exchange for our International segment was $161 million and $460 million for the three and nine months ended September 30, 2008, respectively.	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—International Mortgage Insurance—Canada
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4 (1)	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				
Premiums	  	$	137	 	 	$	139	 	 	$	133	 	 	$	409	 	 	$	142	 	 	$	108	 	 	$	94	 	 	$	83	 	 	$	427	 	
Net investment income (2)	  	 	50	 	 	 	50	 	 	 	48	 	 	 	148	 	 	 	49	 	 	 	52	 	 	 	31	 	 	 	29	 	 	 	161	 	
Net investment gains (losses)	  	 	—  	 	 	 	26	 	 	 	(6	)	 	 	20	 	 	 	—  	 	 	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	(2	)	
Insurance and investment product fees and other	  	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	188	 	 	 	215	 	 	 	175	 	 	 	578	 	 	 	192	 	 	 	158	 	 	 	125	 	 	 	112	 	 	 	587	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	34	 	 	 	30	 	 	 	35	 	 	 	99	 	 	 	26	 	 	 	20	 	 	 	16	 	 	 	13	 	 	 	75	 	
Acquisition and operating expenses, net of deferrals (2)	  	 	22	 	 	 	22	 	 	 	22	 	 	 	66	 	 	 	25	 	 	 	31	 	 	 	15	 	 	 	13	 	 	 	84	 	
Amortization of deferred acquisition costs and intangibles	  	 	8	 	 	 	9	 	 	 	8	 	 	 	25	 	 	 	6	 	 	 	4	 	 	 	5	 	 	 	4	 	 	 	19	 	
Interest expense	  	 	1	 	 	 	—  	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	3	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	65	 	 	 	61	 	 	 	66	 	 	 	192	 	 	 	58	 	 	 	56	 	 	 	36	 	 	 	31	 	 	 	181	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	123	 	 	 	154	 	 	 	109	 	 	 	386	 	 	 	134	 	 	 	102	 	 	 	89	 	 	 	81	 	 	 	406	 	
Provision for income taxes	  	 	43	 	 	 	54	 	 	 	38	 	 	 	135	 	 	 	46	 	 	 	35	 	 	 	30	 	 	 	26	 	 	 	137	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	80	 	 	 	100	 	 	 	71	 	 	 	251	 	 	 	88	 	 	 	67	 	 	 	59	 	 	 	55	 	 	 	269	 	
	 									
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	—  	 	 	 	(17	)	 	 	4	 	 	 	(13	)	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING
INCOME (3) 	  	$	80	 	 	$	83	 	 	$	75	 	 	$	238	 	 	$	88	 	 	$	68	 	 	$	59	 	 	$	55	 	 	$	270	 	

Effective tax rate (operating income)	  	 	35.2	%	 	 	35.0	%	 	 	35.0	%	 	 	35.0	%	 	 	34.4	%	 	 	34.2	%	 	 	33.3	%	 	 	32.6	%	 	 	33.8	%	
										
SALES	  				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  	 	 	 	 				 				 				 				 				 				 				 				
Flow	  	$	8,000	 	 	$	7,500	 	 	$	4,900	 	 	$	20,400	 	 	$	8,100	 	 	$	11,000	 	 	$	9,600	 	 	$	6,000	 	 	$	34,700	 	
Bulk	  	 	900	 	 	 	800	 	 	 	1,500	 	 	 	3,200	 	 	 	7,800	 	 	 	1,300	 	 	 	11,900	 	 	 	400	 	 	 	21,400	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Canada NIW (4) 	  	$	8,900	 	 	$	8,300	 	 	$	6,400	 	 	$	23,600	 	 	$	15,900	 	 	$	12,300	 	 	$	21,500	 	 	$	6,400	 	 	$	56,100	 	

 

(1)	Included in the results for the fourth quarter of 2007 are 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 includes a reclassification of expense of $16 million from net investment income to acquisition and operating expenses, net of deferrals. The reclassification is 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 is 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 Canada platform adjusted for foreign exchange was $79 million and $218 million for the three and nine months ended September 30, 2008, respectively.	

(4)	New insurance written for our Canada platform adjusted for foreign exchange was $8,900 million and $22,100 million for the three and nine months ended September 30, 2008, respectively.	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—International Mortgage Insurance—Australia
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4 (1)	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				
Premiums	  	$	78	 	 	$	85	 	 	$	86	 	 	$	249	 	 	$	71	 	 	$	73	 	 	$	72	 	 	$	68	 	 	$	284	 	
Net investment income	  	 	38	 	 	 	38	 	 	 	35	 	 	 	111	 	 	 	33	 	 	 	30	 	 	 	31	 	 	 	22	 	 	 	116	 	
Net investment gains (losses)	  	 	(4	) 	 	 	—  	 	 	 	(1	)	 	 	(5	)	 	 	—  	 	 	 	3	 	 	 	(2	)	 	 	—  	 	 	 	1	 	
Insurance and investment product fees and other	  	 	—  	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	112	 	 	 	124	 	 	 	120	 	 	 	356	 	 	 	104	 	 	 	106	 	 	 	101	 	 	 	91	 	 	 	402	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	38	 	 	 	35	 	 	 	35	 	 	 	108	 	 	 	33	 	 	 	36	 	 	 	34	 	 	 	31	 	 	 	134	 	
Acquisition and operating expenses, net of deferrals	  	 	13	 	 	 	18	 	 	 	19	 	 	 	50	 	 	 	15	 	 	 	14	 	 	 	13	 	 	 	12	 	 	 	54	 	
Amortization of deferred acquisition costs and intangibles	  	 	6	 	 	 	6	 	 	 	7	 	 	 	19	 	 	 	4	 	 	 	5	 	 	 	5	 	 	 	5	 	 	 	19	 	
Interest expense	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	57	 	 	 	59	 	 	 	61	 	 	 	177	 	 	 	52	 	 	 	55	 	 	 	52	 	 	 	48	 	 	 	207	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	55	 	 	 	65	 	 	 	59	 	 	 	179	 	 	 	52	 	 	 	51	 	 	 	49	 	 	 	43	 	 	 	195	 	
Provision for income taxes	  	 	10	 	 	 	15	 	 	 	12	 	 	 	37	 	 	 	12	 	 	 	13	 	 	 	7	 	 	 	7	 	 	 	39	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	45	 	 	 	50	 	 	 	47	 	 	 	142	 	 	 	40	 	 	 	38	 	 	 	42	 	 	 	36	 	 	 	156	 	
	 									
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	3	 	 	 	—  	 	 	 	—  	 	 	 	3	 	 	 	—  	 	 	 	(2	)	 	 	2	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (2)	  	$	48	 	 	$	50	 	 	$	47	 	 	$	145	 	 	$	40	 	 	$	36	 	 	$	44	 	 	$	36	 	 	$	156	 	

Effective tax rate (operating income)	  	 	19.7	%	 	 	22.3	%	 	 	20.9	%	 	 	21.0	%	 	 	23.8	%	 	 	25.6	%	 	 	14.9	%	 	 	15.5	%	 	 	20.1	%	
										
SALES	  				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  	 	 	 	 				 				 				 				 				 				 				 				
Flow	  	$	8,700	 	 	$	10,000	 	 	$	10,400	 	 	$	29,100	 	 	$	11,600	 	 	$	11,400	 	 	$	11,600	 	 	$	10,800	 	 	$	45,400	 	
Bulk	  	 	600	 	 	 	600	 	 	 	1,000	 	 	 	2,200	 	 	 	900	 	 	 	7,000	 	 	 	5,900	 	 	 	2,300	 	 	 	16,100	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Australia NIW (3)	  	$	9,300	 	 	$	10,600	 	 	$	11,400	 	 	$	31,300	 	 	$	12,500	 	 	$	18,400	 	 	$	17,500	 	 	$	13,100	 	 	$	61,500	 	

 

(1)	Included in the results for the fourth quarter of 2007 are 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 Australia platform adjusted for foreign exchange was $47 million and $131 million for the three and nine months ended September 30, 2008, respectively.	

(3)	New insurance written for our Australia platform adjusted for foreign exchange was $8,800 million and $28,100 million for the three and nine months ended September 30, 2008, respectively.	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) and Sales—Other International Mortgage Insurance
(amounts in millions)

 	 	2008	 	 	2007	 	
   	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4 (1)	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	 			 	 				 				 				 				 				 				 				 				
Premiums	 	$	30	 	 	$	29	 	 	$	28	 	 	$	87	 	 	$	63	 	 	$	27	 	 	$	29	 	 	$	22	 	 	$	141	 	
Net investment income	 	 	9	 	 	 	9	 	 	 	9	 	 	 	27	 	 	 	9	 	 	 	9	 	 	 	7	 	 	 	5	 	 	 	30	 	
Net investment gains (losses)	 	 	(6	)	 	 	—  	 	 	 	—  	 	 	 	(6	)	 	 	—  	 	 	 	—  	 	 	 	(1	)	 	 	—  	 	 	 	(1	)	
Insurance and investment product fees and other	 	 	—  	 	 	 	—  	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	2	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	 	33	 	 	 	38	 	 	 	38	 	 	 	109	 	 	 	73	 	 	 	37	 	 	 	35	 	 	 	27	 	 	 	172	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	 			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	 	 	26	 	 	 	19	 	 	 	21	 	 	 	66	 	 	 	21	 	 	 	10	 	 	 	11	 	 	 	5	 	 	 	47	 	
Acquisition and operating expenses, net of deferrals	 	 	19	 	 	 	17	 	 	 	17	 	 	 	53	 	 	 	27	 	 	 	18	 	 	 	18	 	 	 	18	 	 	 	81	 	
Amortization of deferred acquisition costs and intangibles	 	 	1	 	 	 	2	 	 	 	1	 	 	 	4	 	 	 	2	 	 	 	2	 	 	 	1	 	 	 	1	 	 	 	6	 	
Interest expense	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	 	 	46	 	 	 	38	 	 	 	39	 	 	 	123	 	 	 	50	 	 	 	30	 	 	 	30	 	 	 	24	 	 	 	134	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	 	 	(13	)	 	 	—  	 	 	 	(1	)	 	 	(14	)	 	 	23	 	 	 	7	 	 	 	5	 	 	 	3	 	 	 	38	 	
Provision (benefit) for income taxes	 	 	(7	)	 	 	(1	)	 	 	(1	)	 	 	(9	)	 	 	7	 	 	 	2	 	 	 	1	 	 	 	—  	 	 	 	10	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	 	 	(6	)	 	 	1	 	 	 	—  	 	 	 	(5	)	 	 	16	 	 	 	5	 	 	 	4	 	 	 	3	 	 	 	28	 	
	 									
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	 			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	 	 	4	 	 	 	—  	 	 	 	—  	 	 	 	4	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	1	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS) (2) 	 	$	(2	)	 	$	1	 	 	$	—  	 	 	$	(1	)	 	$	16	 	 	$	6	 	 	$	4	 	 	$	3	 	 	$	29	 	

Effective tax rate (operating income (loss))	 	 	74.7	%	 	 	219.7	%	 	 	154.3	%	 	 	86.5	%	 	 	30.7	%	 	 	30.2	%	 	 	21.2	%	 	 	-1.6	%	 	 	27.0	%	
										
SALES	 				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	 	 	 	 	 				 				 				 				 				 				 				 				
Flow	 	$	2,000	 	 	$	2,100	 	 	$	2,300	 	 	$	6,400	 	 	$	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)	 	$	3,100	 	 	$	2,600	 	 	$	3,000	 	 	$	8,700	 	 	$	4,200	 	 	$	5,500	 	 	$	5,500	 	 	$	8,700	 	 	$	23,900	 	

 

(1)	Included in the results for the fourth quarter of 2007 are 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 $(2) million for the three and nine months ended September 30, 2008.	

(3)	New insurance written for our Other International platform adjusted for foreign exchange was $3,000 million and $8,000 million for the three and nine months ended September 30, 2008, respectively.	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures—International Mortgage Insurance
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	  	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Net Premiums Written	  			 	  				 				 				 				 				 				 				 				
Canada	  	$	214	 	  	$	198	 	 	$	130	 	 	$	542	 	 	$	225	 	 	$	301	 	 	$	262	 	 	$	137	 	 	$	925	 	
Australia	  	 	82	 	  	 	89	 	 	 	97	 	 	 	268	 	 	 	109	 	 	 	102	 	 	 	108	 	 	 	102	 	 	 	421	 	
Other International	  	 	10	 	  	 	5	 	 	 	18	 	 	 	33	 	 	 	28	 	 	 	49	 	 	 	58	 	 	 	83	 	 	 	218	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total International Net Premiums Written	  	$	306	 	  	$	292	 	 	$	245	 	 	$	843	 	 	$	362	 	 	$	452	 	 	$	428	 	 	$	322	 	 	$	1,564	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Loss Ratio (1)	  			 	  				 				 				 				 				 				 				 				
Canada	  	 	25	%	  	 	21	%	 	 	26	%	 	 	24	%	 	 	18	%	 	 	18	%	 	 	17	%	 	 	16	%	 	 	18	%	
Australia	  	 	48	%	  	 	41	%	 	 	41	%	 	 	43	%	 	 	46	%	 	 	49	%	 	 	47	%	 	 	46	%	 	 	47	%	
Other International	  	 	87	%	  	 	70	%	 	 	71	%	 	 	76	%	 	 	33	%	 	 	38	%	 	 	37	%	 	 	24	%	 	 	33	%	
Total International Loss Ratio	  	 	40	%	  	 	33	%	 	 	37	%	 	 	37	%	 	 	29	%	 	 	32	%	 	 	31	%	 	 	29	%	 	 	30	%	
	 									
Expense Ratio (2)	  			 	  				 				 				 				 				 				 				 				
Canada	  	 	14	%	  	 	16	%	 	 	23	%	 	 	17	%	 	 	13	%	 	 	12	%	 	 	7	%	 	 	12	%	 	 	11	%	
Australia	  	 	22	%	  	 	27	%	 	 	27	%	 	 	26	%	 	 	18	%	 	 	18	%	 	 	17	%	 	 	17	%	 	 	17	%	
Other International	  	 	190	%	  	 	362	%	 	 	104	%	 	 	171	%	 	 	100	%	 	 	38	%	 	 	34	%	 	 	23	%	 	 	40	%	
Total International Expense Ratio	  	 	22	%	  	 	25	%	 	 	31	%	 	 	26	%	 	 	22	%	 	 	16	%	 	 	13	%	 	 	16	%	 	 	17	%	
	 									
Expense Ratio Adjusted for Canada Reclassification (3)	  			 	  				 				 				 				 				 				 				 				
Canada	  			 	  				 				 				 				 	 	9	%	 	 	10	%	 	 	15	%	 	 	11	%	
Total International Expense Ratio	  			 	  				 				 				 				 	 	14	%	 	 	15	%	 	 	18	%	 	 	17	%	
	 									
Primary Insurance In-force	  			 	  				 				 				 				 				 				 				 				
Canada	  	$	192,800	 	  	$	194,100	 	 	$	185,000	 	 				 	$	187,900	 	 	$	172,400	 	 	$	150,000	 	 	$	119,700	 	 				
Australia	  	 	207,500	 	  	 	249,900	 	 	 	234,600	 	 				 	 	221,400	 	 	 	224,500	 	 	 	205,100	 	 	 	185,200	 	 				
Other International	  	 	64,300	 	  	 	71,500	 	 	 	72,400	 	 				 	 	68,500	 	 	 	65,000	 	 	 	59,800	 	 	 	56,000	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total International Primary Insurance In-force	  	$	464,600	 	  	$	515,500	 	 	$	492,000	 	 				 	$	477,800	 	 	$	461,900	 	 	$	414,900	 	 	$	360,900	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Primary Risk In-force (4)	  			 	  				 				 				 				 				 				 				 				
Canada	  			 	  				 				 				 				 				 				 				 				
Flow	  	$	53,300	 	  	$	53,400	 	 	$	50,700	 	 				 	$	51,200	 	 	$	48,400	 	 	$	41,800	 	 	$	35,900	 	 				
Bulk	  	 	14,200	 	  	 	14,500	 	 	 	14,100	 	 				 	 	14,600	 	 	 	11,900	 	 	 	10,700	 	 	 	6,000	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Canada	  	 	67,500	 	  	 	67,900	 	 	 	64,800	 	 				 	 	65,800	 	 	 	60,300	 	 	 	52,500	 	 	 	41,900	 	 				
Australia	  			 	  				 				 				 				 				 				 				 				
Flow	  	 	63,700	 	  	 	76,500	 	 	 	71,600	 	 				 	 	67,200	 	 	 	68,200	 	 	 	64,100	 	 	 	59,300	 	 				
Bulk	  	 	8,900	 	  	 	11,000	 	 	 	10,500	 	 				 	 	10,300	 	 	 	10,400	 	 	 	7,700	 	 	 	5,500	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Australia	  	 	72,600	 	  	 	87,500	 	 	 	82,100	 	 				 	 	77,500	 	 	 	78,600	 	 	 	71,800	 	 	 	64,800	 	 				
Other International	  			 	  				 				 				 				 				 				 				 				
Flow	  	 	7,100	 	  	 	7,900	 	 	 	8,000	 	 				 	 	7,400	 	 	 	7,200	 	 	 	6,400	 	 	 	5,800	 	 				
Bulk	  	 	800	 	  	 	800	 	 	 	800	 	 				 	 	700	 	 	 	700	 	 	 	900	 	 	 	1,100	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Other International	  	 	7,900	 	  	 	8,700	 	 	 	8,800	 	 				 	 	8,100	 	 	 	7,900	 	 	 	7,300	 	 	 	6,900	 	 				
	  	 	 	 	  	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total International Primary Risk In-force	  	$	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)	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%.	

(2)	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.	

(3)	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.	

(4)	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.	
 
39

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures—International Mortgage Insurance—Canada
(dollar amounts in millions)

Primary Insurance	  	September 30, 2008	 	  	June 30, 2008	 	 	September 30, 2007	 	
Insured loans in-force	  	 	1,141,020	 	  	 	1,108,423	 	 	1,005,300	 	
Insured delinquent loans	  	 	2,517	 	  	 	2,340	 	 	1,863	 	
Insured delinquency rate	  	 	0.22	%	  	 	0.21	%	 	0.19	%	
				
Flow loans in-force	  	 	871,025	 	  	 	842,863	 	 	770,727	 	
Flow delinquent loans	  	 	2,298	 	  	 	2,140	 	 	1,716	 	
Flow delinquency rate	  	 	0.26	%	  	 	0.25	%	 	0.22	%	
				
Bulk loans in-force	  	 	269,995	 	  	 	265,560	 	 	234,573	 	
Bulk delinquent loans	  	 	219	 	  	 	200	 	 	147	 	
Bulk delinquency rate	  	 	0.08	%	  	 	0.08	%	 	0.06	%	
				
Loss Metrics	  	September 30, 2008	 	  	June 30, 2008	 	 	 	 	
Beginning Reserves	  	$	117	 	  	$	106	 	 			
Paid claims	  	 	(21	)	  	 	(20	)	 			
Increase (decrease) in reserves	  	 	35	 	  	 	30	 	 			
Impact of changes in foreign exchange rates	  	 	(4	)	  	 	1	 	 			
	  	 	 	 	  	 	 	 	 			
Ending Reserves	  	$	127	 	  	$	117	 	 			

																			
    	  	September 30, 2008	 	 	June 30, 2008	 	 	September 30, 2007	 	
 	  	% of Primary Risk
In-force	 	 	Primary
Delinquency Rate	 	 	% of Primary Risk
In-force	 	 	Primary
Delinquency Rate	 	 	% of Primary Risk
In-force	 	
Ontario	  	 	48	%	 	0.22	%	 	 	48	%	 	0.23	%	 	 	51	%	
British Columbia	  	 	16	 	 	0.11	%	 	 	16	 	 	0.09	%	 	 	15	 	
Alberta	  	 	15	 	 	0.24	%	 	 	15	 	 	0.18	%	 	 	14	 	
Quebec	  	 	14	 	 	0.25	%	 	 	14	 	 	0.25	%	 	 	14	 	
Nova Scotia	  	 	2	 	 	0.26	%	 	 	2	 	 	0.20	%	 	 	2	 	
Saskatchewan	  	 	2	 	 	0.07	%	 	 	2	 	 	0.08	%	 	 	1	 	
Manitoba	  	 	1	 	 	0.12	%	 	 	1	 	 	0.11	%	 	 	1	 	
New Brunswick	  	 	1	 	 	0.23	%	 	 	1	 	 	0.31	%	 	 	1	 	
All Other	  	 	1	 	 	0.02	%	 	 	1	 	 	0.16	%	 	 	1	 	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 	0.22	%	 	 	100	%	 	0.20	%	 	 	100	%	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2000 and Prior	  	 	9	%	 	0.04	%	 	 	9	%	 	0.04	%	 	 	11	%	
2001	  	 	3	 	 	0.04	%	 	 	3	 	 	0.07	%	 	 	4	 	
2002	  	 	5	 	 	0.07	%	 	 	5	 	 	0.08	%	 	 	6	 	
2003	  	 	7	 	 	0.11	%	 	 	7	 	 	0.14	%	 	 	9	 	
2004	  	 	10	 	 	0.20	%	 	 	11	 	 	0.20	%	 	 	12	 	
2005	  	 	11	 	 	0.27	%	 	 	12	 	 	0.29	%	 	 	14	 	
2006	  	 	14	 	 	0.45	%	 	 	15	 	 	0.45	%	 	 	19	 	
2007	  	 	28	 	 	0.33	%	 	 	30	 	 	0.24	%	 	 	25	 	
2008	  	 	13	 	 	0.06	%	 	 	8	 	 	0.01	%	 	 	—  	 	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 	0.22	%	 	 	100	%	 	0.20	%	 	 	100	%	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Loan Amount (in CAD) (1)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Over $550K	  	 	3	%	 			 	 	3	%	 			 	 	2	%	
$400 to $550K	  	 	6	 	 			 	 	6	 	 			 	 	5	 	
$250 to $400K	  	 	26	 	 			 	 	26	 	 			 	 	24	 	
$100K to $250K	  	 	57	 	 			 	 	57	 	 			 	 	60	 	
$100K or Less	  	 	8	 	 			 	 	8	 	 			 	 	9	 	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 			 	 	100	%	 			 	 	100	%	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Average Primary Loan Size (CAD in thousands) (1)	  	$	180	 	 			 	$	178	 	 			 	$	160	 	

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

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures—International Mortgage Insurance—Australia
(dollar amounts in millions)

Primary Insurance	  	September 30, 2008	 	  	June 30, 2008	 	 	September 30, 2007	 	
Insured loans in-force	  	 	1,426,729	 	  	 	1,422,851	 	 	1,442,450	 	
Insured delinquent loans	  	 	5,121	 	  	 	5,026	 	 	4,196	 	
Insured delinquency rate	  	 	0.36	%	  	 	0.35	%	 	0.29	%	
				
Flow loans in-force	  	 	1,247,313	 	  	 	1,240,020	 	 	1,252,370	 	
Flow delinquent loans	  	 	5,018	 	  	 	4,926	 	 	4,103	 	
Flow delinquency rate	  	 	0.40	%	  	 	0.40	%	 	0.33	%	
				
Bulk loans in-force	  	 	179,416	 	  	 	182,831	 	 	190,080	 	
Bulk delinquent loans	  	 	103	 	  	 	100	 	 	93	 	
Bulk delinquency rate	  	 	0.06	%	  	 	0.05	%	 	0.05	%	
				
Loss Metrics	  	September 30, 2008	 	  	June 30, 2008	 	 	 	 	
Beginning Reserves	  	$	164	 	  	$	157	 	 			
Paid claims	  	 	(31	)	  	 	(36	)	 			
Increase (decrease) in reserves	  	 	38	 	  	 	35	 	 			
Impact of changes in foreign exchange rates	  	 	(30	)	  	 	8	 	 			
	  	 	 	 	  	 	 	 	 			
Ending Reserves	  	$	141	 	  	$	164	 	 			

																			
    	  	September 30, 2008	 	 	June 30, 2008	 	 	September 30, 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	%	 	0.68	%	 	 	33	%	 	0.67	%	 	 	34	%	
Victoria	  	 	22	 	 	0.29	%	 	 	22	 	 	0.32	%	 	 	23	 	
Queensland	  	 	21	 	 	0.19	%	 	 	21	 	 	0.17	%	 	 	20	 	
Western Australia	  	 	10	 	 	0.15	%	 	 	10	 	 	0.13	%	 	 	10	 	
South Australia	  	 	5	 	 	0.18	%	 	 	5	 	 	0.20	%	 	 	5	 	
New Zealand	  	 	4	 	 	0.41	%	 	 	4	 	 	0.30	%	 	 	3	 	
Australian Capital Territory	  	 	2	 	 	0.07	%	 	 	2	 	 	0.08	%	 	 	2	 	
Tasmania	  	 	2	 	 	0.14	%	 	 	2	 	 	0.14	%	 	 	2	 	
Northern Territory	  	 	1	 	 	0.13	%	 	 	1	 	 	0.08	%	 	 	1	 	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 	0.36	%	 	 	100	%	 	0.35	%	 	 	100	%	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
By Policy Year	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
2000 and Prior	  	 	10	%	 	0.03	%	 	 	10	%	 	0.04	%	 	 	13	%	
2001	  	 	3	 	 	0.05	%	 	 	4	 	 	0.06	%	 	 	4	 	
2002	  	 	6	 	 	0.11	%	 	 	6	 	 	0.11	%	 	 	8	 	
2003	  	 	8	 	 	0.25	%	 	 	8	 	 	0.27	%	 	 	9	 	
2004	  	 	10	 	 	0.55	%	 	 	10	 	 	0.58	%	 	 	12	 	
2005	  	 	14	 	 	0.59	%	 	 	15	 	 	0.72	%	 	 	17	 	
2006	  	 	18	 	 	0.65	%	 	 	19	 	 	0.66	%	 	 	21	 	
2007	  	 	19	 	 	0.43	%	 	 	20	 	 	0.32	%	 	 	16	 	
2008	  	 	12	 	 	0.08	%	 	 	8	 	 	0.03	%	 	 	—  	 	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 	0.38	%	 	 	100	%	 	0.35	%	 	 	100	%	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Loan Amount (in AUD) (1)	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Over $550K	  	 	10	%	 			 	 	10	%	 			 	 	8	%	
$400 to $550K	  	 	12	 	 			 	 	12	 	 			 	 	11	 	
$250 to $400K	  	 	33	 	 			 	 	32	 	 			 	 	31	 	
$100K to $250K	  	 	37	 	 			 	 	37	 	 			 	 	40	 	
$100K or Less	  	 	8	 	 			 	 	9	 	 			 	 	10	 	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Total	  	 	100	%	 			 	 	100	%	 			 	 	100	%	
	  	 	 	 	 			 	 	 	 	 			 	 	 	 	
Average Primary Loan Size (AUD in thousands) (1)	  	$	184	 	 			 	$	183	 	 			 	$	156	 	

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

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures—International Mortgage Insurance
(amounts in millions)

Risk In-force by Loan-To-Value Ratio (1)	  	September 30, 2008	  	June 30, 2008	
Canada	  	Primary	  	Flow	  	Bulk	  	Primary	  	Flow	  	Bulk	
95.01% and above	  	$	21,945	  	$	21,945	  	$	—  	  	$	21,563	  	$	21,563	  	$	—  	
90.01% to 95.00%	  	 	18,029	  	 	18,026	  	 	2	  	 	18,271	  	 	18,269	  	 	3	
80.01% to 90.00%	  	 	11,988	  	 	11,268	  	 	720	  	 	12,138	  	 	11,512	  	 	626	
80.00% and below	  	 	15,503	  	 	2,082	  	 	13,422	  	 	15,966	  	 	2,119	  	 	13,847	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total Canada	  	$	67,465	  	$	53,321	  	$	14,144	  	$	67,938	  	$	53,463	  	$	14,476	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Australia	  			  			  			  			  			  			
95.01% and above	  	$	8,671	  	$	8,670	  	$	1	  	$	9,873	  	$	9,872	  	$	1	
90.01% to 95.00%	  	 	12,411	  	 	12,399	  	 	12	  	 	14,899	  	 	14,883	  	 	16	
80.01% to 90.00%	  	 	17,506	  	 	17,371	  	 	136	  	 	21,091	  	 	20,919	  	 	172	
80.00% and below	  	 	34,055	  	 	25,296	  	 	8,758	  	 	41,582	  	 	30,780	  	 	10,802	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total Australia	  	$	72,643	  	$	63,736	  	$	8,907	  	$	87,445	  	$	76,454	  	$	10,991	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Other International	  			  			  			  			  			  			
95.01% and above	  	$	2,381	  	$	2,327	  	$	54	  	$	2,644	  	$	2,564	  	$	81	
90.01% to 95.00%	  	 	2,888	  	 	2,760	  	 	128	  	 	3,261	  	 	3,153	  	 	107	
80.01% to 90.00%	  	 	2,369	  	 	1,827	  	 	542	  	 	2,558	  	 	2,031	  	 	526	
80.00% and below	  	 	236	  	 	161	  	 	75	  	 	244	  	 	166	  	 	78	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total Other International	  	$	7,874	  	$	7,075	  	$	799	  	$	8,707	  	$	7,914	  	$	792	

Amounts may not total due to rounding.
 
(1)	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.	
 
42

Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income and Sales—Lifestyle Protection
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	  	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	342	 	  	$	375	 	 	$	362	 	 	$	1,079	 	 	$	347	 	 	$	364	 	 	$	314	 	 	$	320	 	 	$	1,345	 	
Net investment income	  	 	49	 	  	 	51	 	 	 	46	 	 	 	146	 	 	 	47	 	 	 	40	 	 	 	44	 	 	 	32	 	 	 	163	 	
Net investment gains (losses)	  	 	(27	) 	  	 	(1	)	 	 	—  	 	 	 	(28	)	 	 	(2	)	 	 	(1	)	 	 	(2	)	 	 	—  	 	 	 	(5	)	
Insurance and investment product fees and other	  	 	6	 	  	 	6	 	 	 	10	 	 	 	22	 	 	 	6	 	 	 	7	 	 	 	7	 	 	 	5	 	 	 	25	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	370	 	  	 	431	 	 	 	418	 	 	 	1,219	 	 	 	398	 	 	 	410	 	 	 	363	 	 	 	357	 	 	 	1,528	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	  				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	49	 	  	 	76	 	 	 	72	 	 	 	197	 	 	 	60	 	 	 	60	 	 	 	51	 	 	 	58	 	 	 	229	 	
Acquisition and operating expenses, net of deferrals	  	 	200	 	  	 	216	 	 	 	200	 	 	 	616	 	 	 	199	 	 	 	218	 	 	 	183	 	 	 	181	 	 	 	781	 	
Amortization of deferred acquisition costs and intangibles	  	 	72	 	  	 	80	 	 	 	87	 	 	 	239	 	 	 	84	 	 	 	83	 	 	 	75	 	 	 	77	 	 	 	319	 	
Interest expense	  	 	18	 	  	 	8	 	 	 	6	 	 	 	32	 	 	 	7	 	 	 	5	 	 	 	10	 	 	 	3	 	 	 	25	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	339	 	  	 	380	 	 	 	365	 	 	 	1,084	 	 	 	350	 	 	 	366	 	 	 	319	 	 	 	319	 	 	 	1,354	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	31	 	  	 	51	 	 	 	53	 	 	 	135	 	 	 	48	 	 	 	44	 	 	 	44	 	 	 	38	 	 	 	174	 	
Provision (benefit) for income taxes	  	 	8	 	  	 	3	 	 	 	15	 	 	 	26	 	 	 	13	 	 	 	15	 	 	 	10	 	 	 	9	 	 	 	47	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME FROM CONTINUING OPERATIONS	  	 	23	 	  	 	48	 	 	 	38	 	 	 	109	 	 	 	35	 	 	 	29	 	 	 	34	 	 	 	29	 	 	 	127	 	
	 									
ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	17	 	  	 	1	 	 	 	—  	 	 	 	18	 	 	 	1	 	 	 	1	 	 	 	1	 	 	 	—  	 	 	 	3	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (1)	  	$	40	 	  	$	49	 	 	$	38	 	 	$	127	 	 	$	36	 	 	$	30	 	 	$	35	 	 	$	29	 	 	$	130	 	

Effective tax rate (operating income)	  	 	27.6	%	  	 	8.7	%	 	 	28.2	%	 	 	21.7	%	 	 	27.8	%	 	 	35.1	%	 	 	23.3	%	 	 	22.8	%	 	 	27.5	%	
										
SALES	  				  				 				 				 				 				 				 				 				
Lifestyle Protection	  				  				 				 				 				 				 				 				 				
Traditional indemnity premiums	  	$	333	 	  	$	390	 	 	$	334	 	 	$	1,057	 	 	$	362	 	 	$	378	 	 	$	584	 	 	$	364	 	 	$	1,688	 	
Premium equivalents for administrative services only business	  	 	20	 	  	 	30	 	 	 	35	 	 	 	85	 	 	 	33	 	 	 	44	 	 	 	40	 	 	 	50	 	 	 	167	 	
Reinsurance premiums assumed accounted for under the deposit method	  	 	260	 	  	 	301	 	 	 	270	 	 	 	831	 	 	 	253	 	 	 	232	 	 	 	244	 	 	 	172	 	 	 	901	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Lifestyle Protection (2)	  	 	613	 	  	 	721	 	 	 	639	 	 	 	1,973	 	 	 	648	 	 	 	654	 	 	 	868	 	 	 	586	 	 	 	2,756	 	
Mexico operations	  	 	23	 	  	 	20	 	 	 	21	 	 	 	64	 	 	 	22	 	 	 	19	 	 	 	18	 	 	 	19	 	 	 	78	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	636	 	  	$	741	 	 	$	660	 	 	$	2,037	 	 	$	670	 	 	$	673	 	 	$	886	 	 	$	605	 	 	$	2,834	 	

SALES BY REGION	  				  				 				 				 				 				 				 				 				
Lifestyle Protection	  				  				 				 				 				 				 				 				 				
Established European Regions	  				  				 				 				 				 				 				 				 				
Western region	  	$	88	 	  	$	120	 	 	$	130	 	 	$	338	 	 	$	129	 	 	$	173	 	 	$	175	 	 	$	198	 	 	$	675	 	
Central region	  	 	153	 	  	 	182	 	 	 	153	 	 	 	488	 	 	 	150	 	 	 	157	 	 	 	146	 	 	 	122	 	 	 	575	 	
Southern region	  	 	140	 	  	 	174	 	 	 	137	 	 	 	451	 	 	 	152	 	 	 	127	 	 	 	145	 	 	 	112	 	 	 	536	 	
Nordic region	  	 	82	 	  	 	97	 	 	 	85	 	 	 	264	 	 	 	78	 	 	 	73	 	 	 	77	 	 	 	68	 	 	 	296	 	
New Markets	  	 	71	 	  	 	63	 	 	 	56	 	 	 	190	 	 	 	61	 	 	 	50	 	 	 	43	 	 	 	34	 	 	 	188	 	
Structured Deals (3)	  	 	79	 	  	 	85	 	 	 	78	 	 	 	242	 	 	 	78	 	 	 	74	 	 	 	282	 	 	 	52	 	 	 	486	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Lifestyle Protection	  	 	613	 	  	 	721	 	 	 	639	 	 	 	1,973	 	 	 	648	 	 	 	654	 	 	 	868	 	 	 	586	 	 	 	2,756	 	
Mexico operations	  	 	23	 	  	 	20	 	 	 	21	 	 	 	64	 	 	 	22	 	 	 	19	 	 	 	18	 	 	 	19	 	 	 	78	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Sales	  	$	636	 	  	$	741	 	 	$	660	 	 	$	2,037	 	 	$	670	 	 	$	673	 	 	$	886	 	 	$	605	 	 	$	2,834	 	

 

(1)	Net operating income adjusted for foreign exchange for our lifestyle protection business was $37 million and $113 million for the three and nine months ended September 30, 2008, respectively.	

(2)	Sales adjusted for foreign exchange for our lifestyle protection business was $589 million and $1,813 million for the three and nine months ended September 30, 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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Table of Contents
 U.S. Mortgage Insurance
 
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Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	 				 				 				 				 				 				 				 				
Premiums	  	$	185	 	 	$	190	 	 	$	183	 	 	$	558	 	 	$	171	 	 	$	159	 	 	$	148	 	 	$	137	 	 	$	615	 	
Net investment income	  	 	36	 	 	 	36	 	 	 	37	 	 	 	109	 	 	 	36	 	 	 	38	 	 	 	36	 	 	 	37	 	 	 	147	 	
Net investment gains (losses)	  	 	(45	)	 	 	1	 	 	 	1	 	 	 	(43	)	 	 	5	 	 	 	1	 	 	 	—  	 	 	 	—  	 	 	 	6	 	
Insurance and investment product fees and other	  	 	4	 	 	 	11	 	 	 	8	 	 	 	23	 	 	 	12	 	 	 	8	 	 	 	10	 	 	 	7	 	 	 	37	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	180	 	 	 	238	 	 	 	229	 	 	 	647	 	 	 	224	 	 	 	206	 	 	 	194	 	 	 	181	 	 	 	805	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
BENEFITS AND EXPENSES:	  			 	 				 				 				 				 				 				 				 				
Benefits and other changes in policy reserves	  	 	301	 	 	 	295	 	 	 	259	 	 	 	855	 	 	 	186	 	 	 	123	 	 	 	60	 	 	 	52	 	 	 	421	 	
Acquisition and operating expenses, net of deferrals	  	 	33	 	 	 	36	 	 	 	37	 	 	 	106	 	 	 	35	 	 	 	30	 	 	 	34	 	 	 	32	 	 	 	131	 	
Amortization of deferred acquisition costs and intangibles	  	 	68	 	 	 	11	 	 	 	9	 	 	 	88	 	 	 	7	 	 	 	10	 	 	 	8	 	 	 	8	 	 	 	33	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	402	 	 	 	342	 	 	 	305	 	 	 	1,049	 	 	 	228	 	 	 	163	 	 	 	102	 	 	 	92	 	 	 	585	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(222	)	 	 	(104	)	 	 	(76	)	 	 	(402	)	 	 	(4	)	 	 	43	 	 	 	92	 	 	 	89	 	 	 	220	 	
Provision (benefit) for income taxes	  	 	(73	)	 	 	(45	)	 	 	(41	)	 	 	(159	)	 	 	(4	)	 	 	3	 	 	 	26	 	 	 	24	 	 	 	49	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
INCOME (LOSS) FROM CONTINUING OPERATIONS	  	 	(149	)	 	 	(59	)	 	 	(35	)	 	 	(243	)	 	 	—  	 	 	 	40	 	 	 	66	 	 	 	65	 	 	 	171	 	
	 									
ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:	  			 	 				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	28	 	 	 	—  	 	 	 	(1	)	 	 	27	 	 	 	(3	)	 	 	(1	)	 	 	—  	 	 	 	—  	 	 	 	(4	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING INCOME (LOSS)	  	$	(121	)	 	$	(59	)	 	$	(36	)	 	$	(216	)	 	$	(3	)	 	$	39	 	 	$	66	 	 	$	65	 	 	$	167	 	

Effective tax rate (operating income (loss))	  	 	32.2	%	 	 	43.4	%	 	 	53.9	%	 	 	40.1	%	 	 	65.2	%	 	 	7.1	%	 	 	28.2	%	 	 	27.1	%	 	 	22.0	%	
										
SALES	  				 				 				 				 				 				 				 				 				
New Insurance Written (NIW)	  				 				 				 				 				 				 				 				 				
Flow	  	$	6,200	 	 	$	14,000	 	 	$	15,000	 	 	$	35,200	 	 	$	16,000	 	 	$	13,200	 	 	$	10,800	 	 	$	6,900	 	 	$	46,900	 	
Bulk	  	 	100	 	 	 	400	 	 	 	100	 	 	 	600	 	 	 	2,200	 	 	 	2,800	 	 	 	11,100	 	 	 	6,100	 	 	 	22,200	 	
Pool	  	 	200	 	 	 	200	 	 	 	100	 	 	 	500	 	 	 	100	 	 	 	100	 	 	 	200	 	 	 	100	 	 	 	500	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total U.S. Mortgage NIW	  	$	6,500	 	 	$	14,600	 	 	$	15,200	 	 	$	36,300	 	 	$	18,300	 	 	$	16,100	 	 	$	22,100	 	 	$	13,100	 	 	$	69,600	 	

 
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Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Growth Metrics—U.S. Mortgage Insurance
(amounts in millions)

 	 	2008	 	 	2007	 	
   	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Net Premiums Written	 	$	193	 	 	$	214	 	 	$	202	 	 	$	609	 	 	$	188	 	 	$	167	 	 	$	152	 	 	$	140	 	 	$	647	 	
New Risk Written	 			 	 				 				 				 				 				 				 				 				
Flow	 	$	1,475	 	 	$	3,465	 	 	$	3,768	 	 	$	8,708	 	 	$	4,117	 	 	$	3,330	 	 	$	2,658	 	 	$	1,695	 	 	$	11,800	 	
Bulk (1)	 	 	10	 	 	 	25	 	 	 	4	 	 	 	39	 	 	 	42	 	 	 	62	 	 	 	320	 	 	 	195	 	 	 	619	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	 	 	1,485	 	 	 	3,490	 	 	 	3,772	 	 	 	8,747	 	 	 	4,159	 	 	 	3,392	 	 	 	2,978	 	 	 	1,890	 	 	 	12,419	 	
Pool	 	 	7	 	 	 	7	 	 	 	5	 	 	 	19	 	 	 	6	 	 	 	5	 	 	 	7	 	 	 	3	 	 	 	21	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total New Risk Written	 	$	1,492	 	 	$	3,497	 	 	$	3,777	 	 	$	8,766	 	 	$	4,165	 	 	$	3,397	 	 	$	2,985	 	 	$	1,893	 	 	$	12,440	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Primary Insurance In-force	 	$	175,300	 	 	$	174,900	 	 	$	166,700	 	 				 	$	157,600	 	 	$	144,800	 	 	$	135,500	 	 	$	120,500	 	 				
Risk In-force	 			 	 				 				 				 				 				 				 				 				
Flow	 	$	35,169	 	 	$	34,667	 	 	$	32,398	 	 				 	$	29,817	 	 	$	26,687	 	 	$	24,442	 	 	$	23,013	 	 				
Bulk (1)	 	 	1,344	 	 	 	1,371	 	 	 	1,355	 	 				 	 	1,361	 	 	 	1,323	 	 	 	1,268	 	 	 	952	 	 				
	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Primary	 	 	36,513	 	 	 	36,038	 	 	 	33,753	 	 				 	 	31,178	 	 	 	28,010	 	 	 	25,710	 	 	 	23,965	 	 				
Pool	 	 	374	 	 	 	381	 	 	 	383	 	 				 	 	393	 	 	 	414	 	 	 	428	 	 	 	436	 	 				
	 	 	 	 	 	 	 	 	 	 	 	 	 				 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 				
Total Risk In-force	 	$	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)	 	 	55	%	 	 	25	%	 	 	25	%	 	 	35	%	 	 	25	%	 	 	25	%	 	 	28	%	 	 	29	%	 	 	27	%	
Adjusted Expense Ratio (3)	 	 	53	%  	 	 	22	%	 	 	23	%	 	 	32	%	 	 	23	%	 	 	24	%	 	 	27	%	 	 	29	%	 	 	25	%	
Flow Persistency	 	 	88	%	 	 	85	%	 	 	83	%	 				 	 	85	%	 	 	82	%	 	 	78	%	 	 	78	%	 				
Gross written premiums ceded to captives/total direct written premiums	 	 	21	%	 	 	20	%	 	 	20	%	 				 	 	21	%	 	 	21	%	 	 	22	%	 	 	22	%	 				
Risk to Capital Ratio (4)	 	 	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)	 	$	170	 	 	$	169	 	 	$	166	 	 				 	$	164	 	 	$	160	 	 				 				 				
Primary risk in-force subject to captives	 	 	53	%	 	 	55	%	 	 	58	%	 				 	 	60	%	 	 	61	%	 				 				 				
Primary risk in-force that is GSE conforming	 	 	95	%  	 	 	95	%	 	 	95	%	 				 	 	95	%	 	 	95	%	 				 				 				
Primary interest only risk in-force with initial reset > 5 years	 	 	95	%	 	 	95	%	 	 	94	%	 				 	 	94	%	 	 	93	%	 				 				 				
Primary risk in-force with potential to reset in 2008 (5)	 	 	1.1	%	 	 	1.3	%	 	 	1.4	%	 				 	 	1.6	%	 	 	2.0	%	 				 				 				
Primary risk in-force with potential to reset in 2009 (5)	 	 	1.3	%	 	 	1.4	%	 	 	1.6	%	 				 	 	0.0	%	 	 	0.0	%	 				 				 				
 
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 we are in a first loss position.	

(2)	The ratio of an insurer’s general expenses to net earned premiums. 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.	

(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.	

(5)	Represents < 5 year adjustable rate mortgages excluding option ARMs.	
 
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Table of Contents
GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Loss Metrics—U.S. Mortgage Insurance
(dollar amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	  	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
Paid Claims	  			 	  				 				 				 				 				 				 				 				
Flow	  	$	131	 	  	$	89	 	 	$	79	 	 	$	299	 	 	$	64	 	 	$	49	 	 	$	40	 	 	$	38	 	 	$	191	 	
Bulk	  	 	1	 	  	 	3	 	 	 	5	 	 	 	9	 	 	 	1	 	 	 	—  	 	 	 	1	 	 	 	—  	 	 	 	2	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Primary	  	 	132	 	  	 	92	 	 	 	84	 	 	 	308	 	 	 	65	 	 	 	49	 	 	 	41	 	 	 	38	 	 	 	193	 	
Pool	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total Paid Claims	  	$	132	 	  	$	92	 	 	$	84	 	 	$	308	 	 	$	65	 	 	$	49	 	 	$	41	 	 	$	38	 	 	$	193	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Average Paid Claim (in thousands)	  	$	48.6	 	  	$	42.9	 	 	$	42.4	 	 				 	$	39.2	 	 	$	35.8	 	 	$	32.5	 	 	$	32.2	 	 				
Number of Primary Delinquencies	  			 	  				 				 				 				 				 				 				 				
Flow	  	 	57,985	 	  	 	46,700	 	 	 	38,316	 	 				 	 	35,489	 	 	 	27,609	 	 	 	22,970	 	 	 	21,804	 	 				
Bulk loans with established reserve	  	 	6,038	 	  	 	4,475	 	 	 	3,768	 	 				 	 	2,404	 	 	 	1,338	 	 	 	881	 	 	 	554	 	 				
Bulk loans with no reserve (1)	  	 	7,535	 	  	 	6,630	 	 	 	4,442	 	 				 	 	3,066	 	 	 	1,809	 	 	 	1,205	 	 	 	1,012	 	 				
Average Reserve Per Delinquency (in thousands)	  			 	  				 				 				 				 				 				 				 				
Flow	  	$	20.5	 	  	$	19.1	 	 	$	15.8	 	 				 	$	12.4	 	 	$	12.0	 	 	$	11.4	 	 	$	11.3	 	 				
Bulk loans with established reserve	  	 	19.8	 	  	 	18.2	 	 	 	14.9	 	 				 	 	11.5	 	 	 	10.2	 	 	 	7.4	 	 	 	6.1	 	 				
Bulk loans with no reserve (1)	  	 	—  	 	  	 	—  	 	 	 	—  	 	 				 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 				
Beginning Reserves	  	$	973	 	  	$	661	 	 	$	467	 	 	$	467	 	 	$	345	 	 	$	270	 	 	$	251	 	 	$	237	 	 	$	237	 	
Paid claims	  	 	(132	)  	  	 	(92	)	 	 	(84	)	 	 	(308	)	 	 	(65	)	 	 	(49	)	 	 	(41	)	 	 	(38	)	 	 	(193	)	
Increase (decrease) in reserves	  	 	471	 	  	 	404	 	 	 	278	 	 	 	1,153	 	 	 	187	 	 	 	124	 	 	 	60	 	 	 	52	 	 	 	423	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Ending Reserves	  	$	1,312	 	  	$	973	 	 	$	661	 	 	$	1,312	 	 	$	467	 	 	$	345	 	 	$	270	 	 	$	251	 	 	$	467	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Captive Reinsurance Recoverable (2)	  	$	300	 	  	$	131	 	 	$	21	 	 				 	$	2	 	 	$	1	 	 	$	1	 	 	$	1	 	 				
Loss Ratio (3)	  	 	163	%	  	 	155	%	 	 	142	%	 	 	154	%	 	 	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.	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Portfolio Quality Metrics—U.S. Mortgage Insurance

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

 	  	September 30, 2008	 	 	June 30, 2008	 	 	September 30, 2007	 	
 	  	% of Primary
Risk In-force	 	 	Primary
Delinquency
Rate	 	 	% of Primary
Risk In-force	 	 	Primary
Delinquency
Rate	 	 	% of Primary
Risk In-force	 	 	Primary
Delinquency
Rate	 	
By Region	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Southeast (1)	  	23	%	 	9.35	%	 	24	%	 	7.54	%	 	25	%	 	4.05	%	
South Central (2)	  	17	 	 	5.70	%	 	17	 	 	4.52	%	 	17	 	 	2.97	%	
Northeast (3)	  	13	 	 	5.55	%	 	13	 	 	4.52	%	 	13	 	 	3.49	%	
Pacific (4)	  	12	 	 	9.17	%	 	12	 	 	7.11	%	 	10	 	 	2.19	%	
North Central (5)	  	11	 	 	5.68	%	 	11	 	 	4.55	%	 	12	 	 	3.14	%	
Great Lakes (6)	  	8	 	 	7.13	%	 	8	 	 	6.12	%	 	9	 	 	4.86	%	
Plains (7)	  	6	 	 	3.86	%	 	6	 	 	3.13	%	 	6	 	 	2.57	%	
Mid-Atlantic (8)	  	5	 	 	5.90	%	 	5	 	 	4.60	%	 	4	 	 	2.65	%	
New England (9)	  	5	 	 	5.70	%	 	4	 	 	4.83	%	 	4	 	 	2.95	%	
	  	 	 	 			 	 	 	 			 	 	 	 			
Total	  	100	%	 	6.92	%	 	100	%	 	5.59	%	 	100	%	 	3.40	%	

By State	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Florida	  	8	%	 	16.10	%	 	9	%	 	12.57	%	 	9	%	 	4.38	%	
Texas	  	7	%	 	4.86	%	 	7	%	 	4.02	%	 	7	%	 	3.41	%	
California	  	6	%	 	11.88	%	 	6	%	 	9.28	%	 	4	%	 	2.35	%	
New York	  	6	%	 	4.29	%	 	6	%	 	3.42	%	 	6	%	 	2.79	%	
Illinois	  	5	%	 	6.88	%	 	5	%	 	5.30	%	 	5	%	 	3.42	%	
North Carolina	  	4	%	 	5.28	%	 	4	%	 	4.31	%	 	4	%	 	3.65	%	
Georgia	  	4	%	 	7.93	%	 	4	%	 	6.72	%	 	4	%	 	4.65	%	
Pennsylvania	  	4	%	 	5.92	%	 	4	%	 	5.05	%	 	4	%	 	4.23	%	
New Jersey	  	4	%	 	7.62	%	 	4	%	 	5.95	%	 	3	%	 	3.79	%	
Arizona	  	3	%	 	10.13	%	 	3	%	 	7.27	%	 	3	%	 	2.48	%	

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

(5)	Illinois, Minnesota, Missouri and Wisconsin	

(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	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Portfolio Quality Metrics—U.S. Mortgage Insurance
(amounts in millions)

Primary Risk-In-force	  	September 30,
2008	  	% of
Total	 	 	June 30,
2008	  	% of
Total	 	 	September 30,
2007 (3)	  	% of
Total	 	
Lender concentration (by original applicant)	  	$	36,513	  			 	$	36,038	  			 	$	28,010	  			
Top 10 lenders	  	 	18,244	  			 	 	17,232	  			 	 	11,585	  			
Top 20 lenders	  	 	21,776	  			 	 	20,974	  			 	 	14,695	  			
							
Loan-to-value ratio	  			  			 			  			 			  			
95.01% and above	  	$	9,271	  	25	%	 	$	9,417	  	26	%	 	$	7,864	  	28	%	
90.01% to 95.00%	  	 	12,331	  	34	 	 	 	12,097	  	34	 	 	 	8,908	  	32	 	
80.01% to 90.00%	  	 	13,886	  	38	 	 	 	13,494	  	37	 	 	 	10,010	  	36	 	
80.00% and below	  	 	1,025	  	3	 	 	 	1,030	  	3	 	 	 	1,228	  	4	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	36,513	  	100	%	 	$	36,038	  	100	%	 	$	28,010	  	100	%	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Loan grade	  			  			 			  			 			  			
Prime	  	$	32,401	  	89	%	 	$	31,816	  	88	%	 	$	24,389	  	87	%	
A minus and sub-prime	  	 	4,112	  	11	 	 	 	4,222	  	12	 	 	 	3,621	  	13	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	36,513	  	100	%	 	$	36,038	  	100	%	 	$	28,010	  	100	%	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Loan type (1)	  			  			 			  			 			  			
First Mortgages	  			  			 			  			 			  			
Fixed rate mortgage	  			  			 			  			 			  			
Flow	  	$	34,097	  	93	%	 	$	33,552	  	93	%	 	$	25,452	  	91	%	
Bulk	  	 	756	  	2	 	 	 	752	  	2	 	 	 	706	  	3	 	
Adjustable rate mortgage	  			  			 			  			 			  			
Flow	  	 	1,072	  	3	 	 	 	1,115	  	3	 	 	 	1,235	  	4	 	
Bulk	  	 	588	  	2	 	 	 	619	  	2	 	 	 	617	  	2	 	
Second Mortgages	  	 	—  	  	—  	 	 	 	—  	  	—  	 	 	 	—  	  	—  	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	36,513	  	100	%	 	$	36,038	  	100	%	 	$	28,010	  	100	%	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Type of documentation	  			  			 			  			 			  			
Alt-A	  			  			 			  			 			  			
Flow	  	$	1,415	  	4	%	 	$	1,467	  	4	%	 	$	1,580	  	6	%	
Bulk	  	 	336	  	1	 	 	 	337	  	1	 	 	 	316	  	1	 	
Standard (2)	  			  			 			  			 			  			
Flow	  	 	33,754	  	92	 	 	 	33,200	  	92	 	 	 	25,107	  	89	 	
Bulk	  	 	1,008	  	3	 	 	 	1,034	  	3	 	 	 	1,007	  	4	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	36,513	  	100	%	 	$	36,038	  	100	%	 	$	28,010	  	100	%	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Mortgage term	  			  			 			  			 			  			
15 years and under	  	$	434	  	1	%	 	$	430	  	1	%	 	$	356	  	1	%	
More than 15 years	  	 	36,079	  	99	 	 	 	35,608	  	99	 	 	 	27,654	  	99	 	
	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	36,513	  	100	%	 	$	36,038	  	100	%	 	$	28,010	  	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 September 30, 2007 amounts previously presented have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where we are in a first loss position.	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Portfolio Quality Metrics—U.S. Mortgage Insurance
(amounts in millions)

 	  	As of September 30, 2008	 	
Policy Year	  	Average Rate	 	 	Primary Insurance
In-force	 	 	Percent of Total	 	 	Primary Risk
In-force	  	Percent of Total	 	
1997 and Prior	  	8.16	%	 	$	1,562	 	 	0.9	%	 	$	390	  	1.1	%	
1998	  	7.15	%	 	 	687	 	 	0.4	 	 	 	181	  	0.5	 	
1999	  	7.32	%	 	 	836	 	 	0.5	 	 	 	210	  	0.6	 	
2000	  	8.16	%	 	 	550	 	 	0.3	 	 	 	135	  	0.4	 	
2001	  	7.41	%	 	 	1,849	 	 	1.1	 	 	 	471	  	1.3	 	
2002	  	6.60	%	 	 	4,596	 	 	2.6	 	 	 	1,134	  	3.1	 	
2003	  	5.64	%	 	 	18,416	 	 	10.5	 	 	 	3,068	  	8.4	 	
2004	  	5.86	%	 	 	10,064	 	 	5.7	 	 	 	2,187	  	6.0	 	
2005	  	5.98	%	 	 	15,184	 	 	8.7	 	 	 	3,775	  	10.3	 	
2006	  	6.64	%	 	 	27,397	 	 	15.6	 	 	 	5,254	  	14.4	 	
2007	  	6.75	%	 	 	59,277	 	 	33.8	 	 	 	11,186	  	30.6	 	
2008	  	6.24	%	 	 	34,897	 	 	19.9	 	 	 	8,522	  	23.3	 	
	  			 	 	 	 	 	 	 	 	 	 	  	 	 	
Total	  			 	$	175,315	 	 	100.0	%	 	$	36,513	  	100.0	%	

Occupancy and Property Type	  	As of
September 30, 2008	 	 	As of
June 30, 2008	 	 	 	 	 	 	  	 	 	
Occupancy Status % of Primary Risk In-force	  			 				 			 			  			
Primary residence	  	92.7	%	 	 	92.6	%	 			 			  			
Second home	  	4.2	 	 	 	4.2	 	 			 			  			
Non-owner occupied	  	3.1	 	 	 	3.2	 	 			 			  			
	  	 	 	 	 	 	 	 			 			  			
Total	  	100.0	%	 	 	100.0	%	 			 			  			
	  	 	 	 	 	 	 	 			 			  			
Property Type % of Primary Risk In-force	  			 				 			 			  			
Single family detached	  	85.6	%	 	 	85.5	%	 			 			  			
Condominium and co-operative	  	11.0	 	 	 	11.0	 	 			 			  			
Multi-family and other	  	3.4	 	 	 	3.5	 	 			 			  			
	  	 	 	 	 	 	 	 			 			  			
Total	  	100.0	%	 	 	100.0	%	 			 			  			

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GENWORTH FINANCIAL, INC.
3Q 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	  	Q3	  	Q2	  	Q1	  	Q3	  	Q2	  	Q1	  	Q3	  	Q2	  	Q1	  	Q3	  	Q2	  	Q1	
Total Primary Risk In-force	  	$	22.9	  	$	22.2	  	$	20.2	  	$	10.7	  	$	10.8	  	$	10.5	  	$	2.9	  	$	3.0	  	$	3.0	  	$	36.5	  	$	36.0	  	$	33.8	
Delinquency rate (2)	  	 	4.2%	  	 	3.3%	  	 	2.6%	  	 	10.1%	  	 	8.1%	  	 	6.8%	  	 	19.0%	  	 	15.4%	  	 	12.7%	  	 	6.9%	  	 	5.6%	  	 	4.7%	
													
2008 policy year	  	$	6.5	  	$	5.3	  	$	2.6	  	$	1.7	  	$	1.5	  	$	0.9	  	$	0.3	  	$	0.3	  	$	0.2	  	$	8.5	  	$	7.2	  	$	3.7	
Delinquency rate	  	 	0.7%	  	 	0.3%	  	 	0.1%	  	 	2.8%	  	 	1.2%	  	 	0.3%	  	 	9.4%	  	 	17.1%	  	 	1.0%	  	 	1.5%	  	 	0.7%	  	 	0.2%	
													
2007 policy year	  	$	6.4	  	$	6.6	  	$	6.7	  	$	3.5	  	$	3.6	  	$	3.7	  	$	1.2	  	$	1.2	  	$	1.3	  	$	11.1	  	$	11.4	  	$	11.7	
Delinquency rate	  	 	6.2%	  	 	4.4%	  	 	2.9%	  	 	10.9%	  	 	7.5%	  	 	5.2%	  	 	22.0%	  	 	17.1%	  	 	12.3%	  	 	9.1%	  	 	6.6%	  	 	4.5%	
													
2006 policy year	  	$	3.1	  	$	3.2	  	$	3.3	  	$	1.7	  	$	1.7	  	$	1.8	  	$	0.5	  	$	0.5	  	$	0.5	  	$	5.3	  	$	5.4	  	$	5.6	
Delinquency rate	  	 	8.0%	  	 	6.5%	  	 	4.5%	  	 	13.8%	  	 	11.4%	  	 	8.8%	  	 	21.3%	  	 	17.6%	  	 	15.1%	  	 	10.8%	  	 	8.9%	  	 	6.6%	
													
2005 policy year	  	$	2.2	  	$	2.3	  	$	2.4	  	$	1.3	  	$	1.3	  	$	1.4	  	$	0.3	  	$	0.3	  	$	0.3	  	$	3.8	  	$	3.9	  	$	4.1	
Delinquency rate	  	 	5.0%	  	 	4.1%	  	 	3.2%	  	 	11.1%	  	 	9.5%	  	 	8.1%	  	 	17.1%	  	 	15.1%	  	 	13.2%	  	 	7.9%	  	 	6.7%	  	 	5.5%	
													
2004 & prior policy years	  	$	4.7	  	$	4.9	  	$	5.2	  	$	2.5	  	$	2.6	  	$	2.8	  	$	0.6	  	$	0.6	  	$	0.6	  	$	7.8	  	$	8.2	  	$	8.6	
Delinquency rate	  	 	2.5%	  	 	2.2%	  	 	1.9%	  	 	10.0%	  	 	8.6%	  	 	8.2%	  	 	17.3%	  	 	15.1%	  	 	14.0%	  	 	5.6%	  	 	4.9%	  	 	4.5%	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Fixed rate mortgage	  	$	21.8	  	$	21.1	  	$	19.1	  	$	10.2	  	$	10.3	  	$	10.0	  	$	2.8	  	$	2.9	  	$	2.9	  	$	34.8	  	$	34.3	  	$	32.0	
Delinquency rate	  	 	3.3%	  	 	2.6%	  	 	2.0%	  	 	9.6%	  	 	7.6%	  	 	6.4%	  	 	18.7%	  	 	15.0%	  	 	12.3%	  	 	6.3%	  	 	5.0%	  	 	4.2%	
													
Adjustable rate mortgage	  	$	1.1	  	$	1.2	  	$	1.2	  	$	0.5	  	$	0.5	  	$	0.5	  	$	0.1	  	$	0.1	  	$	0.1	  	$	1.7	  	$	1.7	  	$	1.8	
Delinquency rate	  	 	15.2%	  	 	12.3%	  	 	9.1%	  	 	20.7%	  	 	17.2%	  	 	14.6%	  	 	31.4%	  	 	29.2%	  	 	25.3%	  	 	16.9%	  	 	13.9%	  	 	10.8%	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
LTV > 95%	  	$	4.7	  	$	4.7	  	$	4.5	  	$	3.5	  	$	3.5	  	$	3.5	  	$	1.1	  	$	1.2	  	$	1.2	  	$	9.3	  	$	9.4	  	$	9.3	
Delinquency rate	  	 	3.6%	  	 	2.8%	  	 	2.2%	  	 	11.4%	  	 	8.9%	  	 	7.1%	  	 	23.1%	  	 	18.7%	  	 	15.2%	  	 	9.1%	  	 	7.2%	  	 	5.9%	
													
Alt-A (3)	  	$	1.2	  	$	1.2	  	$	1.3	  	$	0.5	  	$	0.5	  	$	0.5	  	$	0.1	  	$	0.1	  	$	0.1	  	$	1.8	  	$	1.8	  	$	1.9	
Delinquency rate	  	 	13.4%	  	 	10.1%	  	 	6.7%	  	 	22.3%	  	 	17.8%	  	 	13.9%	  	 	28.1%	  	 	26.1%	  	 	20.9%	  	 	15.7%	  	 	12.2%	  	 	8.6%	
													
Interest only & option ARMs	  	$	2.8	  	$	3.0	  	$	2.9	  	$	1.0	  	$	1.0	  	$	1.0	  	$	0.2	  	$	0.2	  	$	0.2	  	$	4.0	  	$	4.1	  	$	4.1	
Delinquency rate	  	 	13.7%	  	 	10.6%	  	 	7.3%	  	 	21.0%	  	 	16.2%	  	 	12.0%	  	 	30.0%	  	 	25.3%	  	 	19.7%	  	 	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 verification of income or assets and a higher historical and expected delinquency rate than standard documentation loans.	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Other Metrics—U.S. Mortgage Insurance Bulk Risk In-force
(dollar amounts in millions)

 	  	September 30,
2008	 	 	June 30,
2008	 	 	September 30,
2007 (2)	 	
GSE Alt-A	  			 	 				 				
Risk in-force	  	$	339	 	 	$	340	 	 	 	311	 	
Average FICO score	  	 	720	 	 	 	718	 	 	 	720	 	
Loan-to-value ratio	  	 	79	%	 	 	79	%	 	 	78	%	
Standard documentation (1)	  	 	22	%	 	 	22	%	 	 	22	%	
Stop loss	  	 	100	%	 	 	100	%	 	 	99	%	
Deductible	  	 	81	%	 	 	81	%	 	 	78	%	
	 			
Portfolio	  			 	 				 				
Risk in-force	  	$	493	 	 	$	524	 	 	 	532	 	
Average FICO score	  	 	724	 	 	 	723	 	 	 	724	 	
Loan-to-value ratio	  	 	77	%	 	 	76	%	 	 	76	%	
Standard documentation	  	 	97	%	 	 	97	%	 	 	98	%	
Stop loss	  	 	100	%	 	 	100	%	 	 	100	%	
Deductible	  	 	22	%	 	 	22	%	 	 	22	%	
	 			
FHLB	  			 	 				 				
Risk in-force	  	$	418	 	 	$	408	 	 	 	380	 	
Average FICO score	  	 	739	 	 	 	744	 	 	 	741	 	
Loan-to-value ratio	  	 	76	%	 	 	69	%	 	 	69	%	
Standard documentation	  	 	87	%	 	 	86	%	 	 	85	%	
Stop loss	  	 	87	%	 	 	91	%	 	 	93	%	
Deductible	  	 	100	%	 	 	100	%	 	 	100	%	
	 			
Other	  			 	 				 				
Risk in-force	  	$	94	 	 	$	99	 	 	 	100	 	
Average FICO score	  	 	691	 	 	 	717	 	 	 	648	 	
Loan-to-value ratio	  	 	91	%	 	 	93	%	 	 	93	%	
Standard documentation	  	 	96	%	 	 	96	%	 	 	96	%	
Stop loss	  	 	9	%	 	 	11	%	 	 	4	%	
Deductible	  	 	—  	%  	 	 	—  	%	 	 	—  	%	
	  	 	 	 	 	 	 	 	 	 	 	 	
Total Bulk Risk In-force	  	$	1,344	 	 	$	1,371	 	 	$	1,323	 	

 

(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 September 30, 2007 amounts previously presented have been revised to exclude deductible amounts specific to our GSE Alt-A portfolio deals where we are in a first loss position.	
 
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GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Aggregate Book Year Analysis Provided to Illustrate Directional Progression Toward Captive Attachment (1) 

 	 	 	 	 	 	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)	 	
2005	 			 	0-50%	 	$	0.1	 	$	3	  			 	 	$	0.4	 	$	10	 			 	 	$	0.5	  	$	10	  			 	
2005	 			 	50-75%	 	 	0.3	 	 	14	  			 	 	 	0.4	 	 	22	 			 	 	 	1.6	  	 	72	  			 	
2005	 			 	75-99%	 	 	0.5	 	 	32	  			 	 	 	1.1	 	 	72	 			 	 	 	0.2	  	 	11	  			 	
2005	 			 	Attached	 	 	1.5	 	 	136	  			 	 	 	0.6	 	 	44	 			 	 	 	0.3	  	 	20	  			 	
2005 Total	 	$	4.4	 		 	$	2.4	 	$	185	  	$	18	 	 	$	2.5	 	$	148	 	$	6	 	 	$	2.6	  	$	113	  	$	1	 	
			 		 			 			 	
2006	 			 	0-50%	 	$	0.1	 	$	1	  			 	 	$	0.2	 	$	2	 			 	 	$	0.5	  	$	11	  			 	
2006	 			 	50-75%	 	 	0.1	 	 	4	  			 	 	 	0.4	 	 	17	 			 	 	 	0.3	  	 	8	  			 	
2006	 			 	75-99%	 	 	0.3	 	 	18	  			 	 	 	0.4	 	 	26	 			 	 	 	0.5	  	 	23	  			 	
2006	 			 	Attached	 	 	2.5	 	 	269	  			 	 	 	2.1	 	 	185	 			 	 	 	2.0	  	 	113	  			 	
2006 Total	 	$	4.2	 		 	$	3.0	 	$	292	  	 	49	 	 	$	3.1	 	$	230	 	 	61	 	 	$	3.3	  	$	155	  	 	17	 	
			 		 			 			 	
2007	 			 	0-50%	 	$	0.3	 	$	5	  			 	 	$	1.0	 	$	17	 			 	 	$	4.3	  	$	77	  			 	
2007	 			 	50-75%	 	 	0.3	 	 	9	  			 	 	 	1.0	 	 	33	 			 	 	 	1.0	  	 	23	  			 	
2007	 			 	75-99%	 	 	0.7	 	 	25	  			 	 	 	2.2	 	 	77	 			 	 	 	0.8	  	 	25	  			 	
2007	 			 	Attached	 	 	4.9	 	 	364	  			 	 	 	2.2	 	 	128	 			 	 	 	0.5	  	 	22	  			 	
2007 Total	 	$	6.9	 		 	$	6.2	 	$	403	  	 	102	 	 	$	6.4	 	$	255	 	 	43	 	 	$	6.6	  	$	147	  	 	1	 	
Captive Benefit In Quarter ($MM)	 			 			  	$	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.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Operating Loss—Corporate and Other (1) 
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	  	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
REVENUES:	  			 	  				 				 				 				 				 				 				 				
Premiums	  	$	5	 	  	$	6	 	 	$	5	 	 	$	16	 	 	$	4	 	 	$	8	 	 	$	5	 	 	$	7	 	 	$	24	 	
Net investment income	  	 	6	 	  	 	14	 	 	 	20	 	 	 	40	 	 	 	23	 	 	 	12	 	 	 	15	 	 	 	15	 	 	 	65	 	
Net investment gains (losses)	  	 	(32	) 	  	 	(33	)	 	 	(10	)	 	 	(75	)	 	 	(3	)	 	 	(11	)	 	 	(1	)	 	 	—  	 	 	 	(15	)	
Insurance and investment product fees and other	  	 	(2	)	  	 	2	 	 	 	2	 	 	 	2	 	 	 	(3	)	 	 	—  	 	 	 	(1	)	 	 	2	 	 	 	(2	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	  	 	(23	)	  	 	(11	)	 	 	17	 	 	 	(17	)	 	 	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 (2)	  	 	(6	)	  	 	13	 	 	 	6	 	 	 	13	 	 	 	17	 	 	 	9	 	 	 	10	 	 	 	21	 	 	 	57	 	
Amortization of deferred acquisition costs and intangibles (2)	  	 	3	 	  	 	1	 	 	 	2	 	 	 	6	 	 	 	1	 	 	 	2	 	 	 	1	 	 	 	14	 	 	 	18	 	
Interest expense	  	 	68	 	  	 	63	 	 	 	58	 	 	 	189	 	 	 	60	 	 	 	59	 	 	 	63	 	 	 	60	 	 	 	242	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total benefits and expenses	  	 	66	 	  	 	78	 	 	 	66	 	 	 	210	 	 	 	78	 	 	 	70	 	 	 	75	 	 	 	95	 	 	 	318	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	(89	)	  	 	(89	)	 	 	(49	)	 	 	(227	)	 	 	(57	)	 	 	(61	)	 	 	(57	)	 	 	(71	)	 	 	(246	)	
Benefit from income taxes	  	 	(63	)	  	 	(7	)	 	 	—  	 	 	 	(70	)	 	 	(19	)	 	 	(21	)	 	 	(20	)	 	 	(24	)	 	 	(84	)	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
LOSS FROM CONTINUING OPERATIONS	  	 	(26	)	  	 	(82	)	 	 	(49	)	 	 	(157	)	 	 	(38	)	 	 	(40	)	 	 	(37	)	 	 	(47	)	 	 	(162	)	
	 									
ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS:	  			 	  				 				 				 				 				 				 				 				
Net investment (gains) losses, net of taxes and other adjustments	  	 	23	 	  	 	20	 	 	 	7	 	 	 	50	 	 	 	1	 	 	 	6	 	 	 	—  	 	 	 	—  	 	 	 	7	 	
Expenses related to reorganization, net of taxes	  	 	—  	 	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	14	 	 	 	14	 	
	  	 	 	 	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
NET OPERATING LOSS	  	$	(3	)	  	$	(62	)	 	$	(42	)	 	$	(107	)	 	$	(37	)	 	$	(34	)	 	$	(37	)	 	$	(33	)	 	$	(141	)	

Effective tax rate (operating income (loss))	  	 	91.5	%	  	 	7.5	%	 				 	 	29.1	%	 	 	29.9	%	 	 	35.2	%	 	 	34.1	%	 	 	33.7	%	 	 	33.2	%	

(1)	Includes inter-segment eliminations.	

(2)	Includes pretax reorganization costs for an impairment of internal-use software of $13 million and $8 million of severance and other employee termination related expenses in the first quarter of 2007.	
 
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ADDITIONAL FINANCIAL DATA
 
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 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Investments Summary
(amounts in millions)

 	 	 	  	September 30, 2008	 	  	June 30, 2008	 	 	March 31, 2008	 	 	December 31, 2007	 	 	September 30, 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	  	$	23,591	  	34	%	  	$	25,724	  	35	%	 	$	25,968	  	35	%	 	$	26,166	  	35	%	 	$	25,684	  	35	%	
Private fixed maturities	  	 	9,406	  	14	 	  	 	9,791	  	13	 	 	 	10,001	  	14	 	 	 	10,425	  	14	 	 	 	10,712	  	15	 	
Mortgage-backed (MBS):	 	Residential mortgage-backed securities (1)	  	 	2,627	  	4	 	  	 	2,554	  	3	 	 	 	2,772	  	4	 	 	 	3,260	  	5	 	 	 	3,807	  	5	 	
	 	Commercial mortgage-backed securities	  	 	4,630	  	7	 	  	 	4,758	  	7	 	 	 	4,751	  	6	 	 	 	5,148	  	7	 	 	 	5,397	  	7	 	
Asset-backed (ABS):	 	Residential mortgage-backed securities (1)	  	 	758	  	1	 	  	 	952	  	1	 	 	 	1,290	  	2	 	 	 	1,632	  	2	 	 	 	1,927	  	3	 	
	 	Other non-residential collateral	  	 	2,637	  	4	 	  	 	2,969	  	4	 	 	 	3,358	  	5	 	 	 	3,591	  	5	 	 	 	3,423	  	5	 	
Tax exempt	  	 	2,415	  	3	 	  	 	2,315	  	3	 	 	 	2,215	  	3	 	 	 	2,227	  	3	 	 	 	2,153	  	3	 	
Non-investment grade fixed maturities	  	 	2,660	  	4	 	  	 	2,824	  	4	 	 	 	2,676	  	4	 	 	 	2,705	  	4	 	 	 	2,672	  	4	 	
Equity securities:	  			  		 	  			  			 			  			 			  			 			  			
Common stocks and mutual funds	  	 	107	  	—  	 	  	 	71	  	—  	 	 	 	34	  	—  	 	 	 	47	  	—  	 	 	 	62	  	—  	 	
Preferred stocks	  	 	202	  	—  	 	  	 	338	  	1	 	 	 	360	  	1	 	 	 	319	  	1	 	 	 	185	  	—  	 	
Commercial mortgage loans	  	 	8,447	  	12	 	  	 	8,573	  	12	 	 	 	8,822	  	12	 	 	 	8,953	  	12	 	 	 	8,839	  	12	 	
Policy loans	  	 	1,822	  	3	 	  	 	1,806	  	2	 	 	 	1,654	  	2	 	 	 	1,651	  	2	 	 	 	1,650	  	2	 	
Cash, cash equivalents and short-term investments	  	 	5,367	  	8	 	  	 	5,983	  	8	 	 	 	3,873	  	5	 	 	 	3,168	  	4	 	 	 	3,149	  	4	 	
Securities lending	  	 	1,674	  	2	 	  	 	1,836	  	3	 	 	 	2,443	  	3	 	 	 	2,397	  	3	 	 	 	2,279	  	3	 	
Other invested assets:	 	Limited partnerships (2)	  	 	716	  	1	 	  	 	701	  	1	 	 	 	690	  	1	 	 	 	632	  	1	 	 	 	554	  	1	 	
	 	Derivatives:	  			  		 	  			  			 			  			 			  			 			  			
	 	    LTC forward starting swap—cash flow	  	 	799	  	1	 	  	 	747	  	1	 	 	 	901	  	1	 	 	 	655	  	1	 	 	 	372	  	1	 	
	 	    Other cash flow	  	 	41	  	—  	 	  	 	38	  	—  	 	 	 	62	  	—  	 	 	 	15	  	—  	 	 	 	9	  	—  	 	
	 	    Fair value	  	 	99	  	—  	 	  	 	101	  	—  	 	 	 	173	  	—  	 	 	 	83	  	—  	 	 	 	33	  	—  	 	
	 	    Equity index options—non-qualified	  	 	256	  	1	 	  	 	217	  	—  	 	 	 	212	  	—  	 	 	 	127	  	—  	 	 	 	72	  	—  	 	
	 	    Other non-qualified	  	 	43	  	—  	 	  	 	25	  	—  	 	 	 	39	  	—  	 	 	 	20	  	—  	 	 	 	10	  	—  	 	
	 	Trading portfolio	  	 	222	  	—  	 	  	 	237	  	1	 	 	 	236	  	1	 	 	 	254	  	—  	 	 	 	254	  	—  	 	
	 	Counterparty collateral	  	 	693	  	1	 	  	 	478	  	1	 	 	 	664	  	1	 	 	 	372	  	1	 	 	 	217	  	—  	 	
	 	Other (3)	  	 	105	  	—  	 	  	 	112	  	—  	 	 	 	78	  	—  	 	 	 	44	  	—  	 	 	 	—  	  	—  	 	
	 		 		  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total invested assets and cash	  	$	69,317	  	100	%	  	$	73,150	  	100	%	 	$	73,272	  	100	%	 	$	73,891	  	100	%	 	$	73,460	  	100	%	
	 		  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Public Fixed Maturities—Credit Quality:	 		  			  		 	  			  			 			  			 			  			 			  			
NAIC Designation	 		 	Rating Agency Equivalent Designation	  			  		 	  			  			 			  			 			  			 			  			
1	 		 	Aaa	  	$	10,649	  	30	%	  	$	11,245	  	30	%	 	$	12,275	  	32	%	 	$	13,133	  	33	%	 	$	13,245	  	33	%	
1	 		 	Aa	  	 	5,223	  	15	 	  	 	7,133	  	19	 	 	 	6,804	  	17	 	 	 	6,811	  	17	 	 	 	7,141	  	18	 	
1	 		 	A	  	 	10,528	  	30	 	  	 	11,044	  	29	 	 	 	11,155	  	29	 	 	 	11,368	  	29	 	 	 	11,247	  	28	 	
2	 		 	Baa	  	 	7,332	  	20	 	  	 	6,588	  	17	 	 	 	6,671	  	18	 	 	 	6,791	  	17	 	 	 	6,713	  	17	 	
3	 		 	Ba	  	 	1,096	  	4	 	  	 	1,299	  	4	 	 	 	1,210	  	3	 	 	 	1,210	  	3	 	 	 	1,258	  	3	 	
4	 		 	B	  	 	556	  	1	 	  	 	524	  	1	 	 	 	508	  	1	 	 	 	530	  	1	 	 	 	565	  	1	 	
5	 		 	Caa and lower	  	 	93	  	—  	 	  	 	97	  	—  	 	 	 	68	  	—  	 	 	 	47	  	—  	 	 	 	32	  	—  	 	
6	 		 	In or near default	  	 	1	  	—  	 	  	 	10	  	—  	 	 	 	12	  	—  	 	 	 	6	  	—  	 	 	 	3	  	—  	 	
Not rated	 		 	Not rated	  	 	13	  	—  	 	  	 	24	  	—  	 	 	 	—  	  	—  	 	 	 	—  	  	—  	 	 	 	—  	  	—  	 	
	 		 		  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
	 		 	Total public fixed maturities	  	$	35,491	  	100	%	  	$	37,964	  	100	%	 	$	38,703	  	100	%	 	$	39,896	  	100	%	 	$	40,204	  	100	%	
	 		  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Private Fixed Maturities—Credit Quality:	 		  			  		 	  			  			 			  			 			  			 			  			
NAIC Designation	 		 	Rating Agency Equivalent Designation	  			  		 	  			  			 			  			 			  			 			  			
1	 		 	Aaa	  	$	1,985	  	15	%	  	$	2,296	  	16	%	 	$	2,656	  	19	%	 	$	2,917	  	19	%	 	$	2,810	  	18	%	
1	 		 	Aa	  	 	1,296	  	10	 	  	 	1,944	  	14	 	 	 	2,054	  	14	 	 	 	2,128	  	14	 	 	 	2,300	  	15	 	
1	 		 	A	  	 	4,180	  	31	 	  	 	3,851	  	28	 	 	 	3,542	  	25	 	 	 	3,852	  	25	 	 	 	4,079	  	26	 	
2	 		 	Baa	  	 	4,871	  	37	 	  	 	4,962	  	36	 	 	 	5,198	  	36	 	 	 	5,449	  	36	 	 	 	5,568	  	36	 	
3	 		 	Ba	  	 	827	  	6	 	  	 	710	  	5	 	 	 	758	  	5	 	 	 	789	  	5	 	 	 	702	  	4	 	
4	 		 	B	  	 	48	  	1	 	  	 	126	  	1	 	 	 	69	  	1	 	 	 	78	  	1	 	 	 	79	  	1	 	
5	 		 	Caa and lower	  	 	3	  	—  	 	  	 	27	  	—  	 	 	 	28	  	—  	 	 	 	26	  	—  	 	 	 	27	  	—  	 	
6	 		 	In or near default	  	 	1	  	—  	 	  	 	5	  	—  	 	 	 	4	  	—  	 	 	 	5	  	—  	 	 	 	6	  	—  	 	
Not rated	 		 	Not rated	  	 	22	  	—  	 	  	 	2	  	—  	 	 	 	19	  	—  	 	 	 	14	  	—  	 	 	 	—  	  	—  	 	
	 		 		  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
	 		 	Total private fixed maturities	  	$	13,233	  	100	%	  	$	13,923	  	100	%	 	$	14,328	  	100	%	 	$	15,258	  	100	%	 	$	15,571	  	100	%	

 	 		  			  			  			  			 			  			 			  			 			  			
(1) Effective September 30, 2007, the Canadian guarantee fund has been reclassified prospectively to fixed maturity securities. The balance as of September 30, 2007 was $455 million.	  			  			  			  			 			  			 			  			 			  			
(2) Limited partnerships by type:	 		  			  			  			  			 			  			 			  			 			  			
Distressed Bond and Equity Fund	  	$	153	  			  	$	156	  			 	$	155	  			 	$	153	  			 	$	135	  			
Real Estate	  	 	283	  			  	 	286	  			 	 	272	  			 	 	237	  			 	 	209	  			
Infrastructure	  	 	139	  			  	 	126	  			 	 	121	  			 	 	104	  			 	 	92	  			
Private Equity	  	 	76	  			  	 	76	  			 	 	67	  			 	 	67	  			 	 	63	  			
Mezzanine	  	 	40	  			  	 	31	  			 	 	48	  			 	 	44	  			 	 	33	  			
Strategic Equity	  	 	9	  			  	 	10	  			 	 	11	  			 	 	11	  			 	 	13	  			
Strategic Funds	  	 	7	  			  	 	7	  			 	 	7	  			 	 	7	  			 	 	7	  			
Oil and Gas	  	 	9	  			  	 	9	  			 	 	9	  			 	 	9	  			 	 	2	  			
	 		  	 	 	  			  	 	 	  			 	 	 	  			 	 	 	  			 	 	 	  			
	 		 		  	$	716	  			  	$	701	  			 	$	690	  			 	$	632	  			 	$	554	  			

(3)	We do not have any material exposure to residential mortgage-backed securities CDOs.	
 
58

Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Fixed Maturities Summary
(amounts in millions)

 	  	September 30, 2008	 	  	June 30, 2008	 	 	March 31, 2008	 	 	December 31, 2007	 	 	September 30, 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	  	$	679	  	1	%	  	$	531	  	1	%	 	$	529	  	1	%	 	$	594	  	1	%	 	$	645	  	1	%	
Tax exempt	  	 	2,417	  	5	 	  	 	2,372	  	5	 	 	 	2,217	  	4	 	 	 	2,228	  	4	 	 	 	2,155	  	4	 	
Foreign government (1)	  	 	2,226	  	5	 	  	 	2,796	  	5	 	 	 	2,699	  	5	 	 	 	2,432	  	4	 	 	 	2,294	  	4	 	
U.S. corporate	  	 	20,738	  	43	 	  	 	22,228	  	43	 	 	 	22,974	  	44	 	 	 	23,563	  	43	 	 	 	23,540	  	42	 	
Foreign corporate	  	 	11,681	  	24	 	  	 	12,411	  	24	 	 	 	12,320	  	23	 	 	 	12,579	  	23	 	 	 	12,465	  	22	 	
Mortgage-backed (MBS):   Residential mortgage-backed securities	  	 	2,695	  	5	 	  	 	2,613	  	5	 	 	 	2,773	  	5	 	 	 	3,262	  	6	 	 	 	3,808	  	7	 	
Commercial mortgage-backed securities	  	 	4,696	  	10	 	  	 	4,865	  	9	 	 	 	4,853	  	9	 	 	 	5,263	  	9	 	 	 	5,513	  	10	 	
Asset-backed (ABS):          Residential mortgage-backed securities	  	 	914	  	2	 	  	 	1,099	  	3	 	 	 	1,307	  	3	 	 	 	1,640	  	3	 	 	 	1,930	  	4	 	
Other non-residential collateral	  	 	2,678	  	5	 	  	 	2,972	  	5	 	 	 	3,359	  	6	 	 	 	3,593	  	7	 	 	 	3,425	  	6	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total fixed maturity securities (2)	  	$	48,724	  	100	%	  	$	51,887	  	100	%	 	$	53,031	  	100	%	 	$	55,154	  	100	%	 	$	55,775	  	100	%	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Corporate Bond Holdings—Industry Sector:	  			  		 	  			  			 			  			 			  			 			  			
Investment Grade:	  			  		 	  			  			 			  			 			  			 			  			
Finance and insurance	  	$	10,422	  	34	%	  	$	12,062	  	38	%	 	$	11,923	  	36	%	 	$	12,203	  	36	%	 	$	12,605	  	37	%	
Utilities and energy	  	 	5,893	  	19	 	  	 	6,021	  	18	 	 	 	6,170	  	19	 	 	 	6,174	  	18	 	 	 	5,962	  	18	 	
Consumer—non cyclical	  	 	3,294	  	11	 	  	 	3,385	  	10	 	 	 	3,581	  	11	 	 	 	3,750	  	11	 	 	 	3,640	  	11	 	
Consumer—cyclical	  	 	1,531	  	5	 	  	 	1,584	  	5	 	 	 	1,817	  	5	 	 	 	1,874	  	6	 	 	 	1,893	  	6	 	
Capital goods	  	 	1,958	  	7	 	  	 	2,022	  	6	 	 	 	1,767	  	5	 	 	 	1,811	  	5	 	 	 	1,826	  	5	 	
Industrial	  	 	1,516	  	5	 	  	 	1,485	  	5	 	 	 	1,444	  	4	 	 	 	1,520	  	4	 	 	 	1,455	  	4	 	
Technology and communications	  	 	1,601	  	5	 	  	 	1,717	  	5	 	 	 	1,931	  	6	 	 	 	1,986	  	6	 	 	 	1,992	  	6	 	
Transportation	  	 	1,246	  	4	 	  	 	1,313	  	4	 	 	 	1,230	  	4	 	 	 	1,237	  	4	 	 	 	1,200	  	3	 	
Other	  	 	3,037	  	10	 	  	 	3,060	  	9	 	 	 	3,402	  	10	 	 	 	3,534	  	10	 	 	 	3,386	  	10	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Subtotal	  	$	30,498	  	100	%	  	$	32,649	  	100	%	 	$	33,265	  	100	%	 	$	34,089	  	100	%	 	$	33,959	  	100	%	
Non-Investment Grade:	  			  		 	  			  			 			  			 			  			 			  			
Finance and insurance	  	$	236	  	12	%	  	$	104	  	5	%	 	$	232	  	11	%	 	$	272	  	13	%	 	$	212	  	10	%	
Utilities and energy	  	 	204	  	11	 	  	 	198	  	10	 	 	 	212	  	11	 	 	 	186	  	9	 	 	 	214	  	11	 	
Consumer—non cyclical	  	 	321	  	17	 	  	 	413	  	21	 	 	 	412	  	20	 	 	 	427	  	21	 	 	 	459	  	23	 	
Consumer—cyclical	  	 	206	  	11	 	  	 	229	  	11	 	 	 	316	  	16	 	 	 	337	  	17	 	 	 	340	  	17	 	
Capital goods	  	 	193	  	10	 	  	 	212	  	11	 	 	 	146	  	7	 	 	 	142	  	7	 	 	 	112	  	5	 	
Industrial	  	 	392	  	20	 	  	 	395	  	20	 	 	 	257	  	13	 	 	 	220	  	11	 	 	 	231	  	11	 	
Technology and communications	  	 	274	  	14	 	  	 	349	  	17	 	 	 	350	  	17	 	 	 	391	  	19	 	 	 	401	  	20	 	
Transportation	  	 	77	  	4	 	  	 	58	  	3	 	 	 	66	  	3	 	 	 	59	  	3	 	 	 	68	  	3	 	
Other	  	 	18	  	1	 	  	 	32	  	2	 	 	 	38	  	2	 	 	 	19	  	—  	 	 	 	9	  	—  	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Subtotal	  	$	1,921	  	100	%	  	$	1,990	  	100	%	 	$	2,029	  	100	%	 	$	2,053	  	100	%	 	$	2,046	  	100	%	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total	  	$	32,419	  	100	%	  	$	34,639	  	100	%	 	$	35,294	  	100	%	 	$	36,142	  	100	%	 	$	36,005	  	100	%	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Fixed Maturities—Contractual Maturity Dates:	  			  		 	  			  			 			  			 			  			 			  			
Due in one year or less	  	$	2,162	  	4	%	  	$	2,213	  	4	%	 	$	2,211	  	4	%	 	$	2,278	  	4	%	 	$	2,045	  	4	%	
Due after one year through five years	  	 	11,529	  	24	 	  	 	12,279	  	24	 	 	 	12,026	  	23	 	 	 	11,434	  	21	 	 	 	11,330	  	20	 	
Due after five years through ten years	  	 	8,198	  	17	 	  	 	8,854	  	17	 	 	 	9,215	  	17	 	 	 	9,441	  	17	 	 	 	9,758	  	18	 	
Due after ten years	  	 	15,852	  	32	 	  	 	16,992	  	33	 	 	 	17,287	  	33	 	 	 	18,243	  	33	 	 	 	17,966	  	32	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Subtotal	  	 	37,741	  	77	 	  	 	40,338	  	78	 	 	 	40,739	  	77	 	 	 	41,396	  	75	 	 	 	41,099	  	74	 	
Mortgage and asset-backed	  	 	10,983	  	23	 	  	 	11,549	  	22	 	 	 	12,292	  	23	 	 	 	13,758	  	25	 	 	 	14,676	  	26	 	
	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Total fixed maturity securities	  	$	48,724	  	100	%	  	$	51,887	  	100	%	 	$	53,031	  	100	%	 	$	55,154	  	100	%	 	$	55,775	  	100	%	

 

(1)	Effective September 30, 2007, the Canadian guarantee fund has been reclassified prospectively to fixed maturity securities. The balance as of September 30, 2007 was $455 million.	

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

																							
 	  	September 30, 2008	 	    	 	    	 	    	 	    	 	    	 	    	 	    	 	    	 	
 	  	Fair Value	  	% of Total	 	    	 	    	 	    	 	    	 	    	 	    	 	    	 	    	 	
Priced via industry standard pricing methodologies	  	$	40,688	  	84 	%	    		    		    		    		    		    		    		    		
Priced via broker indicative market prices	  	 	2,044	  	4	 	    		    		    		    		    		    		    		    		
Priced via internally developed models	  	 	5,992	  	12	 	    		    		    		    		    		    		    		    		
	  	 	 	  	 	 	    		    		    		    		    		    		    		    		
Total fixed maturities	  	$	48,724	  	100 	%	    		    		    		    		    		    		    		    		

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Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 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 and Rating as of September 30, 2008:

S&P Rating	  	2004 and
Prior	  	2005	  	First Half
2006	  	Second Half
2006	  	2007	  	2008	  	Total (1)	
AAA	  	$	48	  	$	74	  	$	49	  	$	48	  	$	35	  	$	—  	  	$	254	
AA	  	 	65	  	 	65	  	 	16	  	 	34	  	 	1	  	 	—  	  	 	181	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Subtotal	  	 	113	  	 	139	  	 	65	  	 	82	  	 	36	  	 	—  	  	 	435	
A	  	 	64	  	 	55	  	 	9	  	 	15	  	 	21	  	 	—  	  	 	164	
BBB	  	 	22	  	 	11	  	 	—  	  	 	2	  	 	10	  	 	—  	  	 	45	
BB	  	 	4	  	 	21	  	 	1	  	 	31	  	 	5	  	 	—  	  	 	62	
B	  	 	8	  	 	24	  	 	18	  	 	1	  	 	6	  	 	—  	  	 	57	
CCC and lower	  	 	—  	  	 	16	  	 	11	  	 	5	  	 	3	  	 	—  	  	 	35	
In or near default	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	211	  	$	266	  	$	104	  	$	136	  	$	81	  	$	—  	  	$	798	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
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 and Rating as of June 30, 2008:

S&P Rating	  	2004 and
Prior	  	2005	  	First Half
2006	  	Second Half
2006	  	2007	  	2008	  	Total 	
AAA	  	$	71	  	$	99	  	$	63	  	$	101	  	$	51	  	$	—  	  	$	385	
AA	  	 	61	  	 	89	  	 	18	  	 	43	  	 	18	  	 	—  	  	 	229	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Subtotal	  	 	132	  	 	188	  	 	81	  	 	144	  	 	69	  	 	—  	  	 	614	
A	  	 	71	  	 	42	  	 	16	  	 	—  	  	 	14	  	 	—  	  	 	143	
BBB	  	 	33	  	 	19	  	 	3	  	 	5	  	 	1	  	 	—  	  	 	61	
BB	  	 	13	  	 	29	  	 	14	  	 	11	  	 	1	  	 	—  	  	 	68	
B	  	 	—  	  	 	21	  	 	14	  	 	1	  	 	8	  	 	—  	  	 	44	
CCC and lower	  	 	1	  	 	11	  	 	14	  	 	3	  	 	2	  	 	—  	  	 	31	
In or near default	  	 	—  	  	 	1	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	2	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	250	  	$	311	  	$	143	  	$	164	  	$	95	  	$	—  	  	$	963	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Net Unrealized Losses by Vintage and Rating as of September 30, 2008:

S&P Rating	  	2004 and
Prior	 	 	2005	 	 	First Half
2006	 	 	Second Half
2006	 	 	2007	 	 	2008	  	Total	 	
AAA	  	$	(9	)	 	$	(7	)	 	$	(7	)	 	$	(12	)	 	$	(11	)	 	$	—  	  	$	(46	)	
AA	  	 	(24	)	 	 	(43	)	 	 	(13	)	 	 	(14	)	 	 	(1	)	 	 	—  	  	 	(95	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	(33	)	 	 	(50	)	 	 	(20	)	 	 	(26	)	 	 	(12	)	 	 	—  	  	 	(141	)	
A	  	 	(23	)	 	 	(45	)	 	 	(8	)	 	 	(10	)	 	 	(28	)	 	 	—  	  	 	(114	)	
BBB	  	 	(9	)	 	 	(9	)	 	 	—  	 	 	 	(3	)	 	 	(8	)	 	 	—  	  	 	(29	)	
BB	  	 	(1	)	 	 	(20	)	 	 	(5	)	 	 	(35	)	 	 	(6	)	 	 	—  	  	 	(67	)	
B	  	 	(7	)	 	 	(22	)	 	 	(2	)	 	 	—  	 	 	 	(3	)	 	 	—  	  	 	(34	)	
CCC and lower	  	 	—  	 	 	 	(3	)	 	 	(2	)	 	 	2	 	 	 	—  	 	 	 	—  	  	 	(3	)	
In or near default	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	(73	)	 	$	(149	)	 	$	(37	)	 	$	(72	)	 	$	(57	)	 	$	—  	  	$	(388	)	

 

(1)	Our fixed maturity portfolio includes residential mortgage-backed and asset-backed securities collateralized by sub-prime residential mortgage loans. The following table sets forth the fair value of these sub-prime investments by pricing source as of the date indicated:	

 	  	September 30, 2008	 	 	 	  	 	  	 	  	 	  	 	
 	  	Fair Value	  	% of Total	 	 	 	  	 	  	 	  	 	  	 	
Priced via industry standard pricing methodologies	  	$	760	  	95	%	 		  		  		  		  		
Priced via broker indicative market prices	  	 	12	  	2	 	 		  		  		  		  		
Priced via internally developed models	  	 	26	  	3	 	 		  		  		  		  		
	  	 	 	  	 	 	 		  		  		  		  		
Total sub-prime investments	  	$	798	  	100	%	 		  		  		  		  		

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 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Additional Information on Mortgage-backed and Asset-backed Securities Collateralized by Alt-A Residential Mortgage Loans
(amounts in millions)
Fair Value by Vintage and Rating as of September 30, 2008:

S&P Rating	  	2004 and
Prior	  	2005	  	First Half
2006	  	Second Half
2006	  	2007	  	2008	  	Total (1)	
AAA	  	$	114	  	$	135	  	$	60	  	$	11	  	$	54	  	$	—  	  	$	374	
AA	  	 	18	  	 	66	  	 	28	  	 	—  	  	 	—  	  	 	—  	  	 	112	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Subtotal	  	 	132	  	 	201	  	 	88	  	 	11	  	 	54	  	 	—  	  	 	486	
A	  	 	14	  	 	59	  	 	2	  	 	17	  	 	—  	  	 	—  	  	 	92	
BBB	  	 	11	  	 	10	  	 	8	  	 	—  	  	 	8	  	 	—  	  	 	37	
BB	  	 	2	  	 	4	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	7	
B	  	 	—  	  	 	7	  	 	3	  	 	—  	  	 	1	  	 	—  	  	 	11	
CCC and lower	  	 	—  	  	 	6	  	 	5	  	 	3	  	 	3	  	 	—  	  	 	17	
In or near default	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	159	  	$	287	  	$	107	  	$	31	  	$	66	  	$	—  	  	$	650	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Fair Value by Vintage and Rating as of June 30, 2008:

S&P Rating	  	2004 and
Prior	  	2005	  	First Half
2006	  	Second Half
2006	  	2007	  	2008	  	Total 	
AAA	  	$	127	  	$	160	  	$	97	  	$	16	  	$	72	  	$	—  	  	$	472	
AA	  	 	17	  	 	64	  	 	9	  	 	2	  	 	—  	  	 	—  	  	 	92	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Subtotal	  	 	144	  	 	224	  	 	106	  	 	18	  	 	72	  	 	—  	  	 	564	
A	  	 	14	  	 	68	  	 	5	  	 	22	  	 	2	  	 	—  	  	 	111	
BBB	  	 	21	  	 	19	  	 	11	  	 	—  	  	 	—  	  	 	—  	  	 	51	
BB	  	 	—  	  	 	6	  	 	6	  	 	2	  	 	—  	  	 	—  	  	 	14	
B	  	 	—  	  	 	7	  	 	8	  	 	—  	  	 	—  	  	 	—  	  	 	15	
CCC and lower	  	 	—  	  	 	1	  	 	3	  	 	—  	  	 	—  	  	 	—  	  	 	4	
In or near default	  	 	—  	  	 	—  	  	 	3	  	 	—  	  	 	—  	  	 	—  	  	 	3	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	179	  	$	325	  	$	142	  	$	42	  	$	74	  	$	—  	  	$	762	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Net Unrealized Losses by Vintage and Rating as of September 30, 2008:

S&P Rating	  	2004 and
Prior	 	 	2005	 	 	First Half
2006	 	 	Second Half
2006	 	 	2007	 	 	2008	  	Total	 	
AAA	  	$	(23	)	 	$	(39	)	 	$	(13	)	 	$	(8	)	 	$	(23	)	 	$	—  	  	$	(106	)	
AA	  	 	(7	)	 	 	(46	)	 	 	(13	)	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	(66	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	(30	)	 	 	(85	)	 	 	(26	)	 	 	(8	)	 	 	(23	)	 	 	—  	  	 	(172	)	
A	  	 	(8	)	 	 	(41	)	 	 	(3	)	 	 	(17	)	 	 	—  	 	 	 	—  	  	 	(69	)	
BBB	  	 	1	 	 	 	(4	)	 	 	(12	)	 	 	—  	 	 	 	(3	)	 	 	—  	  	 	(18	)	
BB	  	 	—  	 	 	 	(5	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	(5	)	
B	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	—  	 	
CCC and lower	  	 	—  	 	 	 	2	 	 	 	(1	)	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	1	 	
In or near default	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	(37	)	 	$	(133	)	 	$	(42	)	 	$	(25	)	 	$	(26	)	 	$	—  	  	$	(263	)	

(1)	Our fixed maturity portfolio includes residential mortgage-backed and asset-backed securities collateralized by Alt-A residential mortgage loans. The following table sets forth the fair value of these Alt-A investments by pricing source as of the date indicated:	

 	  	September 30, 2008	 	 	 	  	 	  	 	  	 	  	 	
 	  	Fair Value	  	% of Total	 	 	 	  	 	  	 	  	 	  	 	
Priced via industry standard pricing methodologies	  	$	634	  	98	%	 		  		  		  		  		
Priced via broker indicative market prices	  	 	3	  	—  	 	 		  		  		  		  		
Priced via internally developed models	  	 	13	  	2	 	 		  		  		  		  		
	  	 	 	  	 	 	 		  		  		  		  		
Total Alt-A investments	  	$	650	  	100	%	 		  		  		  		  		

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 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Additional Information on Commercial Mortgage-backed Securities
(amounts in millions)
Fair Value by Vintage and Rating as of September 30, 2008:

S&P Rating	  	2004 and
Prior	  	2005	  	2006	  	2007	  	2008	  	Total (1)	
AAA	  	$	1,993	  	$	418	  	$	544	  	$	424	  	$	—  	  	$	3,379	
AA	  	 	104	  	 	90	  	 	246	  	 	156	  	 	—  	  	 	596	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Subtotal	  	 	2,097	  	 	508	  	 	790	  	 	580	  	 	—  	  	 	3,975	
A	  	 	126	  	 	88	  	 	128	  	 	125	  	 	—  	  	 	467	
BBB	  	 	41	  	 	29	  	 	81	  	 	37	  	 	—  	  	 	188	
BB	  	 	47	  	 	1	  	 	2	  	 	—  	  	 	—  	  	 	50	
B	  	 	12	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	12	
CCC and lower	  	 	3	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	3	
In or near default	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	1	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	2,327	  	$	626	  	$	1,001	  	$	742	  	$	—  	  	$	4,696	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Fair Value by Vintage and Rating as of June 30, 2008:

S&P Rating	  	2004 and
Prior	  	2005	  	2006	  	2007	  	2008	  	Total 	
AAA	  	$	2,111	  	$	337	  	$	584	  	$	501	  	$	—  	  	$	3,533	
AA	  	 	113	  	 	84	  	 	252	  	 	131	  	 	—  	  	 	580	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Subtotal	  	 	2,224	  	 	421	  	 	836	  	 	632	  	 	—  	  	 	4,113	
A	  	 	145	  	 	63	  	 	122	  	 	138	  	 	—  	  	 	468	
BBB	  	 	44	  	 	24	  	 	70	  	 	38	  	 	—  	  	 	176	
BB	  	 	55	  	 	4	  	 	—  	  	 	—  	  	 	—  	  	 	59	
B	  	 	16	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	16	
CCC and lower	  	 	8	  	 	—  	  	 	22	  	 	—  	  	 	—  	  	 	30	
In or near default	  	 	3	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	3	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Total	  	$	2,495	  	$	512	  	$	1,050	  	$	808	  	$	—  	  	$	4,865	
	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Net Unrealized Losses by Vintage and Rating as of September 30, 2008:

S&P Rating	  	2004 and
Prior	 	 	2005	 	 	2006	 	 	2007	 	 	2008	  	Total	 	
AAA	  	$	(84	)	 	$	(34	)	 	$	(70	)	 	$	(89	)	 	$	—  	  	$	(277	)	
AA	  	 	(21	)	 	 	(21	)	 	 	(49	)	 	 	(47	)	 	 	—  	  	 	(138	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Subtotal	  	 	(105	)	 	 	(55	)	 	 	(119	)	 	 	(136	)	 	 	—  	  	 	(415	)	
A	  	 	(32	)	 	 	(18	)	 	 	(38	)	 	 	(43	)	 	 	—  	  	 	(131	)	
BBB	  	 	(8	)	 	 	(15	)	 	 	(21	)	 	 	(14	)	 	 	—  	  	 	(58	)	
BB	  	 	(7	)	 	 	(2	)	 	 	(1	)	 	 	—  	 	 	 	—  	  	 	(10	)	
B	  	 	(4	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	(4	)	
CCC and lower	  	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	(2	)	
In or near default	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	  	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	 	
Total	  	$	(158	)	 	$	(90	)	 	$	(179	)	 	$	(193	)	 	$	—  	  	$	(620	)	

(1)	Our fixed maturity portfolio includes commercial mortgage-backed securities. As of September 30, 2008, 36% of our commerical mortgage-backed securities related to loans with fixed interest rates, and 64% 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 59%.	
The following table sets forth the fair value of these investments by pricing source as of the date indicated:

 	  	September 30, 2008	 	 	 	  	 	  	 	  	 	
 	  	Fair Value	  	% of Total	 	 	 	  	 	  	 	  	 	
Priced via industry standard pricing methodologies	  	$	4,098	  	87	 	 		  		  		  		
Priced via indicative market prices	  	 	511	  	11	 	 		  		  		  		
Priced via internally developed models	  	 	87	  	2	 	 		  		  		  		
	  	 	 	  	 	 	 		  		  		  		
Total commercial mortgage backed securities	  	$	4,696	  	100	%	 		  		  		  		

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 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Commercial Mortgage Loans Summary
(amounts in millions)

 	  	September 30, 2008	 	 	June 30, 2008	 	 	March 31, 2008	 	 	December 31, 2007	 	 	September 30, 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	  	$	2,192	 	 	26	%	 	$	2,247	 	 	27	%	 	$	2,323	 	 	27	%	 	$	2,339	 	 	26	%	 	$	2,317	 	 	26	%	
South Atlantic	  	 	1,984	 	 	23	 	 	 	1,990	 	 	23	 	 	 	2,023	 	 	23	 	 	 	2,057	 	 	23	 	 	 	2,073	 	 	23	 	
Middle Atlantic	  	 	1,090	 	 	13	 	 	 	1,109	 	 	13	 	 	 	1,155	 	 	13	 	 	 	1,226	 	 	14	 	 	 	1,110	 	 	13	 	
East North Central	  	 	810	 	 	10	 	 	 	826	 	 	10	 	 	 	857	 	 	10	 	 	 	874	 	 	10	 	 	 	872	 	 	10	 	
Mountain	  	 	775	 	 	9	 	 	 	783	 	 	9	 	 	 	790	 	 	9	 	 	 	794	 	 	9	 	 	 	790	 	 	9	 	
West South Central	  	 	378	 	 	5	 	 	 	386	 	 	4	 	 	 	398	 	 	4	 	 	 	409	 	 	4	 	 	 	388	 	 	4	 	
West North Central	  	 	437	 	 	5	 	 	 	451	 	 	5	 	 	 	467	 	 	5	 	 	 	464	 	 	5	 	 	 	468	 	 	5	 	
East South Central	  	 	261	 	 	3	 	 	 	267	 	 	3	 	 	 	294	 	 	3	 	 	 	296	 	 	3	 	 	 	316	 	 	4	 	
New England	  	 	533	 	 	6	 	 	 	526	 	 	6	 	 	 	528	 	 	6	 	 	 	514	 	 	6	 	 	 	522	 	 	6	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	8,460	 	 	100	%	 	 	8,585	 	 	100	%	 	 	8,835	 	 	100	%	 	 	8,973	 	 	100	%	 	 	8,856	 	 	100	%	
	  				 	 	 	 				 	 	 	 				 	 	 	 				 	 	 	 				 	 	 	
Allowance for losses	  	 	(21	)	 		 	 	 	(20	)	 			 	 	(21	)	 			 	 	(26	)	 			 	 	(21	)	 			
Unamortized fees and costs	  	 	8	 	 		 	 	 	8	 	 			 	 	8	 	 			 	 	6	 	 			 	 	4	 	 			
	  	 	 	 	 		 	 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			
Total	  	$	8,447	 	 		 	 	$	8,573	 	 			 	$	8,822	 	 			 	$	8,953	 	 			 	$	8,839	 	 			
	  	 	 	 	 		 	 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			
Property Type	  				 		 	 				 			 				 			 				 			 				 			
Office	  	$	2,233	 	 	26	% 	 	$	2,271	 	 	26	%	 	$	2,371	 	 	27	%	 	$	2,454	 	 	27	%	 	$	2,422	 	 	27	%	
Industrial	  	 	2,178	 	 	26	 	 	 	2,220	 	 	26	 	 	 	2,292	 	 	26	 	 	 	2,326	 	 	26	 	 	 	2,322	 	 	26	 	
Retail	  	 	2,420	 	 	29	 	 	 	2,446	 	 	28	 	 	 	2,476	 	 	27	 	 	 	2,465	 	 	27	 	 	 	2,438	 	 	28	 	
Apartments	  	 	1,629	 	 	19	 	 	 	988	 	 	12	 	 	 	1,031	 	 	12	 	 	 	1,054	 	 	12	 	 	 	975	 	 	11	 	
Mixed use/other	  	 	—  	 	 	—  	 	 	 	660	 	 	8	 	 	 	665	 	 	8	 	 	 	674	 	 	8	 	 	 	699	 	 	8	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	8,460	 	 	100	%	 	 	8,585	 	 	100	%	 	 	8,835	 	 	100	%	 	 	8,973	 	 	100	%	 	 	8,856	 	 	100	%	
	  				 	 	 	 				 	 	 	 				 	 	 	 				 	 	 	 				 	 	 	
Allowance for losses	  	 	(21	)	 		 	 	 	(20	)	 			 	 	(21	)	 			 	 	(26	)	 			 	 	(21	)	 			
Unamortized fees and costs	  	 	8	 	 		 	 	 	8	 	 			 	 	8	 	 			 	 	6	 	 			 	 	4	 	 			
	  	 	 	 	 		 	 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			
Total	  	$	8,447	 	 		 	 	$	8,573	 	 			 	$	8,822	 	 			 	$	8,953	 	 			 	$	8,839	 	 			
	  	 	 	 	 		 	 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			
 	  	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	  	$	3,463	 	 	41	%	 	$	3,511	 	 	42	%	 	$	3,631	 	 	41	%	 	$	3,671	 	 	41	%	 	$	3,691	 	 	42	%	
$5 million but less than $10 million	  	 	1,966	 	 	23	 	 	 	2,011	 	 	23	 	 	 	2,080	 	 	24	 	 	 	2,073	 	 	23	 	 	 	2,064	 	 	23	 	
$10 million but less than $20 million	  	 	1,616	 	 	19	 	 	 	1,645	 	 	19	 	 	 	1,630	 	 	18	 	 	 	1,646	 	 	18	 	 	 	1,635	 	 	19	 	
$20 million but less than $30 million	  	 	360	 	 	4	 	 	 	362	 	 	4	 	 	 	431	 	 	5	 	 	 	442	 	 	5	 	 	 	485	 	 	5	 	
$30 million and over	  	 	1,054	 	 	13	 	 	 	1,055	 	 	12	 	 	 	1,055	 	 	12	 	 	 	1,116	 	 	13	 	 	 	981	 	 	11	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Subtotal	  	 	8,459	 	 	100	%	 	 	8,584	 	 	100	%	 	 	8,827	 	 	100	%	 	 	8,948	 	 	100	%	 	 	8,856	 	 	100	%	
	  				 	 	 	 				 	 	 	 				 	 	 	 				 	 	 	 				 	 	 	
Net premium/discount	  	 	1	 	 		 	 	 	1	 	 			 	 	8	 	 			 	 	25	 	 			 	 	—  	 	 			
	  	 	 	 	 		 	 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			
Total	  	$	8,460	 	 		 	 	$	8,585	 	 			 	$	8,835	 	 			 	$	8,973	 	 			 	$	8,856	 	 			

	  				 			 				 			 				 			 				 			 				 			
 	  	September 30,
2008	 	 	   	 	 	June 30,
2008	 	 	 	 	 	March 31,
2008	 	 	 	 	 	December 31,
2007	 	 	 	 	 	September 30,
2007	 	 	 	 	
Allowance for Losses on Commercial Mortgage Loans	  				 		 	 				 			 				 			 				 			 				 			
Beginning balance	  	$	20	 	 		 	 	$	21	 	 			 	$	26	 	 			 	$	21	 	 			 	$	18	 	 			
Provisions	  	 	1	 	 		 	 	 	—  	 	 			 	 	—  	 	 			 	 	5	 	 			 	 	3	 	 			
Releases	  	 	—  	 	 		 	 	 	(1	)	 			 	 	(5	)	 			 	 	—  	 	 			 	 	—  	 	 			
	  	 	 	 	 		 	 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			 	 	 	 	 			
Ending balance	  	$	21	 	 		 	 	$	20	 	 			 	$	21	 	 			 	$	26	 	 			 	$	21	 	 			

Commercial Mortgage Loan Information by Vintage
(loan amounts in millions)
As of September 30, 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	  	$	3,187	  	$	—  	  	1,200	  	—  	  	$	3	  	$	—  	 	52	%	
2005	  	 	1,723	  	 	—  	  	331	  	—  	  	$	5	  	 	—  	 	56	%	
2006	  	 	1,651	  	 	—  	  	306	  	—  	  	$	5	  	 	—  	 	57	%	
2007	  	 	1,601	  	 	—  	  	208	  	—  	  	$	8	  	 	—  	 	61	%	
2008	  	 	297	  	 	—  	  	161	  	—  	  	$	2	  	 	—  	 	62	%	
	  	 	 	  	 	 	  	 	  	 	  			  	 	 	 			
Total	  	$	8,459	  	$	—  	  	2,206	  	—  	  	$	4	  	$	—  	 	56	%	

(1)	Represents loan-to-value at origination.	
 
63

Table of Contents
 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
General Account GAAP Net Investment Income Yields
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
GAAP Net Investment Income	  			 	 				 				 				 				 				 				 				 				
Fixed maturities—taxable	  	$	715	 	 	$	715	 	 	$	764	 	 	$	2,194	 	 	$	802	 	 	$	821	 	 	$	792	 	 	$	774	 	 	$	3,189	 	
Fixed maturities—non-taxable	  	 	29	 	 	 	26	 	 	 	25	 	 	 	80	 	 	 	25	 	 	 	26	 	 	 	26	 	 	 	25	 	 	 	102	 	
Commercial mortgage loans	  	 	123	 	 	 	136	 	 	 	143	 	 	 	402	 	 	 	142	 	 	 	142	 	 	 	134	 	 	 	130	 	 	 	548	 	
Equity securities	  	 	5	 	 	 	10	 	 	 	10	 	 	 	25	 	 	 	11	 	 	 	6	 	 	 	7	 	 	 	7	 	 	 	31	 	
Other invested assets	  	 	20	 	 	 	22	 	 	 	18	 	 	 	60	 	 	 	19	 	 	 	11	 	 	 	17	 	 	 	6	 	 	 	53	 	
Limited partnerships (1)	  	 	(31	)   	 	 	(10	)	 	 	6	 	 	 	(35	)	 	 	9	 	 	 	26	 	 	 	5	 	 	 	4	 	 	 	44	 	
Policy loans	  	 	43	 	 	 	40	 	 	 	39	 	 	 	122	 	 	 	38	 	 	 	36	 	 	 	36	 	 	 	34	 	 	 	144	 	
Cash, cash equivalents and short-term investments	  	 	36	 	 	 	41	 	 	 	25	 	 	 	102	 	 	 	32	 	 	 	28	 	 	 	32	 	 	 	27	 	 	 	119	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	940	 	 	 	980	 	 	 	1,030	 	 	 	2,950	 	 	 	1,078	 	 	 	1,096	 	 	 	1,049	 	 	 	1,007	 	 	 	4,230	 	
Expenses and fees	  	 	(22	)	 	 	(27	)	 	 	(28	)	 	 	(77	)	 	 	(25	)	 	 	(22	)	 	 	(25	)	 	 	(23	)	 	 	(95	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	$	918	 	 	$	953	 	 	$	1,002	 	 	$	2,873	 	 	$	1,053	 	 	$	1,074	 	 	$	1,024	 	 	$	984	 	 	$	4,135	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Annualized Yields	  			 	 				 				 				 				 				 				 				 				
Fixed maturities—taxable	  	 	5.5	%	 	 	5.4	%	 	 	5.7	%	 	 	5.5	%	 	 	5.9	%	 	 	6.1	%	 	 	6.0	%	 	 	5.9	%	 	 	6.0	%	
Fixed maturities—non-taxable	  	 	4.7	%	 	 	4.5	%	 	 	4.6	%	 	 	4.6	%	 	 	4.6	%	 	 	4.8	%	 	 	4.6	%	 	 	4.8	%	 	 	4.7	%	
Commercial mortgage loans	  	 	5.8	%	 	 	6.2	%	 	 	6.4	%	 	 	6.2	%	 	 	6.4	%	 	 	6.4	%	 	 	6.2	%	 	 	6.2	%	 	 	6.3	%	
Equity securities	  	 	5.0	%	 	 	10.3	%	 	 	11.2	%	 	 	9.2	%	 	 	16.0	%	 	 	13.4	%	 	 	16.1	%	 	 	15.2	%	 	 	14.5	%	
Other invested assets	  	 	10.9	%	 	 	11.7	%	 	 	10.9	%	 	 	11.5	%	 	 	16.6	%	 	 	9.8	%	 	 	13.9	%	 	 	5.5	%	 	 	11.2	%	
Limited partnerships (1)	  	 	-17.7	%	 	 	-5.9	%	 	 	3.3	%	 	 	-7.0	%	 	 	5.9	%	 	 	21.2	%	 	 	4.9	%	 	 	5.3	%	 	 	9.9	%	
Policy loans	  	 	9.4	%	 	 	9.2	%	 	 	9.4	%	 	 	9.3	%	 	 	9.2	%	 	 	9.0	%	 	 	9.2	%	 	 	9.0	%	 	 	9.1	%	
Cash, cash equivalents and short-term investments	  	 	2.6	%	 	 	3.3	%	 	 	2.9	%	 	 	3.0	%	 	 	4.0	%	 	 	3.6	%	 	 	5.0	%	 	 	4.6	%	 	 	4.2	%	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Gross investment income before expenses and fees	  	 	5.2	%	 	 	5.4	%	 	 	5.8	%	 	 	5.5	%	 	 	6.0	%	 	 	6.2	%	 	 	6.0	%	 	 	5.9	%	 	 	6.0	%	
Expenses and fees	  	 	-0.1	%	 	 	-0.1	%	 	 	-0.2	%	 	 	-0.2	%	 	 	-0.1	%	 	 	-0.1	%	 	 	-0.1	%	 	 	-0.1	%	 	 	-0.1	%	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment income	  	 	5.1	%	 	 	5.3	%	 	 	5.6	%	 	 	5.3	%	 	 	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.	
 
64

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 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail 
(amounts in millions)

 	  	2008	 	 	2007	 	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	
Net Investment Gains (Losses), Net of Taxes and Other Adjustments	  			 	 				 				 				 				
Net realized gains (losses) on available-for-sale securities:	  			 	 				 				 				 				
U.S. corporate fixed maturities	  	$	(78	)	 	$	(6	)	 	$	(1	)	 	$	(85	)	 	$	1	 	
U.S. government	  	 	5	 	 	 	6	 	 	 	—  	 	 	 	11	 	 	 	—  	 	
Foreign corporate	  	 	(4	)	 	 	8	 	 	 	—  	 	 	 	4	 	 	 	—  	 	
Foreign government	  	 	7	 	 	 	7	 	 	 	2	 	 	 	16	 	 	 	—  	 	
Tax exempt	  	 	—  	 	 	 	3	 	 	 	—  	 	 	 	3	 	 	 	—  	 	
Mortgage-backed (MBS) fixed maturities	  	 	2	 	 	 	—  	 	 	 	—  	 	 	 	2	 	 	 	(5	)	
Asset-backed (ABS) fixed maturities	  	 	—  	 	 	 	(1	)	 	 	—  	 	 	 	(1	)	 	 	(1	)	
Equity securities	  	 	(18	)   	 	 	—  	 	 	 	1	 	 	 	(17	)	 	 	2	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total net realized gains (losses) on available-for-sale securities	  	 	(86	)	 	 	17	 	 	 	2	 	 	 	(67	)	 	 	(3	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Impairments:	  			 	 				 				 				 				
Public corporate fixed maturities	  	 	(145	)	 	 	(20	)	 	 	(32	)	 	 	(197	)	 	 	(19	)	
Foreign government	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Limited partnerships	  	 	(1	)	 	 	—  	 	 	 	—  	 	 	 	(1	)	 	 	(1	)	
Equity securities	  	 	(56	)	 	 	(3	)	 	 	—  	 	 	 	(59	)	 	 	(3	)	
Alt-A residential mortgage-backed securities:	  			 	 				 				 	 	—  	 	 				
AAA	  	 	(5	)	 	 	—  	 	 	 	—  	 	 	 	(5	)	 	 	—  	 	
AA	  	 	(5	)	 	 	(4	)	 	 	—  	 	 	 	(9	)	 	 	—  	 	
A	  	 	(7	)	 	 	(16	)	 	 	(20	)	 	 	(43	)	 	 	(7	)	
BBB	  	 	(12	)	 	 	(5	)	 	 	(10	)	 	 	(27	)	 	 	(7	)	
Below BBB	  	 	(26	)	 	 	(35	)	 	 	(17	)	 	 	(78	)	 	 	(8	)	
Sub-prime residential mortgage-backed securities:	  			 	 				 				 				 				
AA	  	 	—  	 	 	 	—  	 	 	 	(2	)	 	 	(2	)	 	 	(18	)	
A	  	 	(3	)	 	 	(8	)	 	 	(3	)	 	 	(14	)	 	 	—  	 	
BBB	  	 	(2	)	 	 	(4	)	 	 	(8	)	 	 	(14	)	 	 	(19	)	
Below BBB	  	 	(44	)	 	 	(40	)	 	 	(15	)	 	 	(99	)	 	 	(34	)	
Prime residential mortgage-backed securities:	  			 	 				 				 				 				
A	  	 	(2	)	 	 	(5	)	 	 	(5	)	 	 	(12	)	 	 	—  	 	
BBB	  	 	(1	)	 	 	(3	)	 	 	(1	)	 	 	(5	)	 	 	—  	 	
Below BBB	  	 	(4	)	 	 	—  	 	 	 	—  	 	 	 	(4	)	 	 	—  	 	
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	)	 	 	(7	)	
Other asset-backed securities	  	 	(2	)	 	 	—  	 	 	 	—  	 	 	 	(2	)	 	 	—  	 	
Commercial mortgage-backed securities (CMBS):	  			 	 				 				 				 				
A	  	 	—  	 	 	 	—  	 	 	 	(3	)	 	 	(3	)	 	 	—  	 	
BBB	  	 	(2	)	 	 	—  	 	 	 	(1	)	 	 	(3	)	 	 	—  	 	
Below BBB	  	 	(4	)	 	 	(1	)	 	 	(3	)	 	 	(8	)	 	 	—  	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total impairments	  	 	(376	)	 	 	(359	)	 	 	(121	)	 	 	(856	)	 	 	(123	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net unrealized gains (losses) on trading securities	  	 	(6	)	 	 	1	 	 	 	(5	)	 	 	(10	)	 	 	(7	)	
Derivative instruments	  	 	(60	)	 	 	6	 	 	 	(22	)	 	 	(76	)	 	 	(3	)	
Bank loans	  	 	(3	)	 	 	—  	 	 	 	(2	)	 	 	(5	)	 	 	—  	 	
Commercial mortgage loans held-for-sale market valuation allowance	  	 	—  	 	 	 	(1	)	 	 	1	 	 	 	—  	 	 	 	(3	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes	  	 	(531	)	 	 	(336	)	 	 	(147	)	 	 	(1,014	)	 	 	(139	)	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
DAC and other intangible amortization related to net investment gains (losses)	  	 	53	 	 	 	15	 	 	 	19	 	 	 	87	 	 	 	5	 	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net investment gains (losses), net of taxes and other adjustments	  	$	(478	)	 	$	(321	)	 	$	(128	)	 	$	(927	)	 	$	(134	)	

 
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RECONCILIATIONS OF NON-GAAP MEASURES
 
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 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Reconciliation of Operating ROE
(amounts in millions)

 	  	Twelve months ended	 	
Twelve Month Rolling Average ROE	  	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	 	September 30,
2007	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) for the twelve months ended (1)	  	$	(73	)	 	$	524	 	 	$	1,012	 	 	$	1,220	 	 	$	1,415	 	
Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	12,613	 	 	$	12,633	 	 	$	12,549	 	 	$	12,431	 	 	$	12,310	 	
GAAP Basis ROE (1) divided by (2)	  	 	-0.6	%	 	 	4.1	%	 	 	8.1	%	 	 	9.8	%	 	 	11.5	%	
						
Operating ROE	  				 				 				 				 				
Net operating income for the twelve months ended (1)	  	$	990	 	 	$	1,138	 	 	$	1,277	 	 	$	1,373	 	 	$	1,414	 	
Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss) (2)	  	$	12,613	 	 	$	12,633	 	 	$	12,549	 	 	$	12,431	 	 	$	12,310	 	
Operating ROE (1) divided by (2)	  	 	7.8	%	 	 	9.0	%	 	 	10.2	%	 	 	11.0	%	 	 	11.5	%	

(1)	The twelve months ended information is derived by adding the four quarters of net income (loss) and net operating income 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	  	September 30,
2008	 	 	June 30,
2008	 	 	March 31,
2008	 	 	December 31,
2007	 	 	September 30,
2007	 	
GAAP Basis ROE	  				 				 				 				 				
Net income (loss) for the period ended (3)	  	$	(258	)	 	$	(109	)	 	$	116	 	 	$	178	 	 	$	339	 	
Average stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	12,467	 	 	$	12,688	 	 	$	12,756	 	 	$	12,686	 	 	$	12,518	 	
Annualized GAAP Quarterly Basis ROE (3) divided by (4)	  	 	-8.3	%	 	 	-3.4	%	 	 	3.6	%	 	 	5.6	%	 	 	10.8	%	
						
Operating ROE	  				 				 				 				 				
Net operating income for the period ended (3)	  	$	220	 	 	$	212	 	 	$	244	 	 	$	314	 	 	$	368	 	
Average stockholders’ equity for the period, excluding accumulated other comprehensive income (loss) (4)	  	$	12,467	 	 	$	12,688	 	 	$	12,756	 	 	$	12,686	 	 	$	12,518	 	
Annualized Operating Quarterly Basis ROE (3) divided by (4)	  	 	7.1	%	 	 	6.7	%	 	 	7.7	%	 	 	9.9	%	 	 	11.8	%	

(3)	Net income (loss) and net operating income from page 9 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 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.
3Q 2008 FINANCIAL SUPPLEMENT
 
Reconciliation of Expense Ratio
(amounts in millions)

 	 	2008	 	 	2007	 	
   	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
GAAP Basis Expense Ratio	 			 	 				 				 				 				 				 				 				 				
Acquisition and operating expenses, net of deferrals (1)	 	$	515	 	 	$	551	 	 	$	528	 	 	$	1,594	 	 	$	551	 	 	$	540	 	 	$	495	 	 	$	489	 	 	$	2,075	 	
Total revenues (2)	 	$	2,168	 	 	$	2,398	 	 	$	2,753	 	 	$	7,319	 	 	$	2,775	 	 	$	2,875	 	 	$	2,765	 	 	$	2,710	 	 	$	11,125	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Expense ratio (1) divided by (2)	 	 	23.8	% 	 	 	23.0	%	 	 	19.2	%	 	 	21.8	%	 	 	19.9	%	 	 	18.8	%	 	 	17.9	%	 	 	18.0	%	 	 	18.7	%	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
GAAP Basis, As Adjusted—Expense Ratio	 			 	 				 				 				 				 				 				 				 				
Acquisition and operating expenses, net of deferrals	 	$	515	 	 	$	551	 	 	$	528	 	 	$	1,594	 	 	$	551	 	 	$	540	 	 	$	495	 	 	$	489	 	 	$	2,075	 	
Less wealth management	 	 	67	 	 	 	67	 	 	 	67	 	 	 	201	 	 	 	70	 	 	 	69	 	 	 	65	 	 	 	60	 	 	 	264	 	
Less lifestyle protection business	 	 	200	 	 	 	216	 	 	 	200	 	 	 	616	 	 	 	199	 	 	 	218	 	 	 	183	 	 	 	181	 	 	 	781	 	
Less expenses related to reorganization (a)	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	8	 	 	 	8	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted acquisition and operating expenses, net of deferrals (3)	 	$	248	 	 	$	268	 	 	$	261	 	 	$	777	 	 	$	282	 	 	$	253	 	 	$	247	 	 	$	240	 	 	$	1,022	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Total revenues	 	$	2,168	 	 	$	2,398	 	 	$	2,753	 	 	$	7,319	 	 	$	2,775	 	 	$	2,875	 	 	$	2,765	 	 	$	2,710	 	 	$	11,125	 	
Less wealth management	 	 	86	 	 	 	86	 	 	 	87	 	 	 	259	 	 	 	90	 	 	 	88	 	 	 	82	 	 	 	76	 	 	 	336	 	
Less lifestyle protection business	 	 	370	 	 	 	431	 	 	 	418	 	 	 	1,219	 	 	 	398	 	 	 	410	 	 	 	363	 	 	 	357	 	 	 	1,528	 	
Less net investment gains (losses)	 	 	(789	)	 	 	(518	)	 	 	(226	)	 	 	(1,533	)	 	 	(214	)	 	 	(48	)	 	 	(51	)	 	 	(19	)	 	 	(332	)	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted total revenues (4)	 	$	2,501	 	 	$	2,399	 	 	$	2,474	 	 	$	7,374	 	 	$	2,501	 	 	$	2,425	 	 	$	2,371	 	 	$	2,296	 	 	$	9,593	 	
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Adjusted expense ratio (3) divided by (4)	 	 	9.9	% 	 	 	11.2	%	 	 	10.5	%	 	 	10.5	%	 	 	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 associated with our reorganization announced in the first quarter of 2007.	
 
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 GENWORTH FINANCIAL, INC.
3Q 2008 FINANCIAL SUPPLEMENT
 
Reconciliation of Core Premiums
(amounts in millions)

 	  	2008	 	 	2007	
 	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	  	Q3	  	Q2	  	Q1	  	Total	
Reported premiums	  	$	1,735	 	 	$	1,709	 	 	$	1,717	 	 	$	5,161	 	 	$	1,670	  	$	1,600	  	$	1,549	  	$	1,511	  	$	6,330	
Less retirement income—spread-based premiums	  	 	181	 	 	 	111	 	 	 	167	 	 	 	459	 	 	 	135	  	 	118	  	 	151	  	 	154	  	 	558	
Less impact of changes in foreign exchange rates	  	 	16	 	 	 	60	 	 	 	65	 	 	 	141	 	 			  			  			  			  			
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Core premiums	  	$	1,538	 	 	$	1,538	 	 	$	1,485	 	 	$	4,561	 	 	$	1,535	  	$	1,482	  	$	1,398	  	$	1,357	  	$	5,772	
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Reported premium percentage change from prior year	  	 	8.4	%  	 	 	10.3	%	 	 	13.6	%	 	 	10.8	%	 			  			  			  			  			
Core premium percentage change from prior year	  	 	3.8	%	 	 	10.0	%	 	 	9.4	%	 	 	7.6	%	 			  			  			  			  			
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.
3Q 2008 FINANCIAL SUPPLEMENT
 
Reconciliation of Core Yield

 	  	 	  	2008	 	 	2007	 	
 	  	(Assets—amounts in billions)	  	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	 	Q4	 	 	Q3	 	 	Q2	 	 	Q1	 	 	Total	 	
	  	Reported—Total Invested Assets and Cash	  	$	69.3	 	 	$	73.1	 	 	$	73.3	 	 	$	69.3	 	 	$	73.9	 	 	$	73.5	 	 	$	72.6	 	 	$	71.3	 	 	$	73.9	 	
	  	Subtract:	  			 	 				 				 				 				 				 				 				 				
	  	Securities lending	  	 	1.7	 	 	 	1.8	 	 	 	2.4	 	 	 	1.7	 	 	 	2.4	 	 	 	2.3	 	 	 	2.2	 	 	 	2.2	 	 	 	2.4	 	
	  	Unrealized gains (losses)	  	 	(4.4	)	 	 	(2.3	)	 	 	(1.6	)	 	 	(4.4	)	 	 	(0.3	)	 	 	(0.3	)	 	 	(0.2	)	 	 	1.0	 	 	 	(0.3	)	
	  	Derivative counterparty collateral	  	 	0.6	 	 	 	0.5	 	 	 	0.7	 	 	 	0.6	 	 	 	0.4	 	 	 	0.2	 	 	 	0.1	 	 	 	0.3	 	 	 	0.4	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	  	Adjusted end-of-period invested assets	  	$	71.4	 	 	$	73.1	 	 	$	71.8	 	 	$	71.4	 	 	$	71.4	 	 	$	71.3	 	 	$	70.5	 	 	$	67.8	 	 	$	71.4	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(A)	  	Average Invested Assets used in Reported and Core Yield Calculation	  	$	72.3	 	 	$	72.5	 	 	$	71.6	 	 	$	71.9	 	 	$	71.4	 	 	$	70.9	 	 	$	69.2	 	 	$	67.5	 	 	$	69.6	 	
	  	Subtract: portfolios supporting floating products	  	 	13.6	 	 	 	14.1	 	 	 	14.1	 	 	 	13.8	 	 	 	14.1	 	 	 	14.2	 	 	 	13.4	 	 	 	12.2	 	 	 	13.5	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(B)	  	Average Invested Assets used in Core Yield (excl. Floating) Calculation	  	$	58.7	 	 	$	58.4	 	 	$	57.5	 	 	$	58.1	 	 	$	57.3	 	 	$	56.7	 	 	$	55.8	 	 	$	55.3	 	 	$	56.1	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
	  	(Income—amounts in millions)	  			 	 				 				 				 				 				 				 				 				
(C)	  	Reported—Net Investment Income	  	$	918	 	 	$	953	 	 	$	1,002	 	 	$	2,873	 	 	$	1,053	 	 	$	1,074	 	 	$	1,024	 	 	$	984	 	 	$	4,135	 	
	  	Subtract:	  			 	 				 				 				 				 				 				 				 				
	  	Bond calls and commercial mortgage loan prepayments	  	 	3	 	 	 	13	 	 	 	12	 	 	 	28	 	 	 	6	 	 	 	14	 	 	 	22	 	 	 	10	 	 	 	52	 	
	  	Reinsurance and reclassification (1)	  	 	16	 	 	 	19	 	 	 	15	 	 	 	50	 	 	 	15	 	 	 	26	 	 	 	18	 	 	 	9	 	 	 	68	 	
	  	Other non-core items (2)	  	 	5	 	 	 	2	 	 	 	(1	)	 	 	6	 	 	 	5	 	 	 	1	 	 	 	1	 	 	 	6	 	 	 	13	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(D)	  	Core Net Investment Income	  	 	894	 	 	 	919	 	 	 	976	 	 	 	2,789	 	 	 	1,027	 	 	 	1,033	 	 	 	983	 	 	 	959	 	 	 	4,002	 	
	  	Subtract: investment income from portfolios supporting floating products	  	 	111	 	 	 	121	 	 	 	164	 	 	 	396	 	 	 	205	 	 	 	209	 	 	 	196	 	 	 	180	 	 	 	790	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(E)	  	Core Net Investment Income (excl. Floating)	  	$	783	 	 	$	798	 	 	$	812	 	 	$	2,393	 	 	$	822	 	 	$	824	 	 	$	787	 	 	$	779	 	 	$	3,212	 	
	  		  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
(C)/(A)	  	Reported Yield	  	 	5.08	%  	 	 	5.26	%	 	 	5.60	%	 	 	5.33	%	 	 	5.90	%	 	 	6.06	%	 	 	5.92	%	 	 	5.84	%	 	 	5.94	%	
(D)/(A)	  	Core Yield (3) 	  	 	4.95	%	 	 	5.07	%	 	 	5.45	%	 	 	5.17	%	 	 	5.75	%	 	 	5.83	%	 	 	5.69	%	 	 	5.69	%	 	 	5.75	%	
(E)/(B)	  	Core Yield (excl. Floating) (3) 	  	 	5.34	%	 	 	5.47	%	 	 	5.65	%	 	 	5.49	%	 	 	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 insurance 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 is 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 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.
3Q 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-	  	Aa3	  	A+	
Genworth Life Insurance Company (short-term rating)	  	Not rated	  	A-1+	  	P-1	  	Not rated	
Genworth Life and Annuity Insurance Company	  	A+	  	AA-	  	Aa3	  	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-	  	Aa3	  	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	  	AA-	  	Aa3	
Genworth Financial Mortgage Insurance Pty. Limited	  	AA	  	Aa3	
Genworth Financial Mortgage Insurance Limited	  	AA-	  	Aa3	
Genworth Residential Mortgage Insurance Corporation of NC	  	AA-	  	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	  	Aaa.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 that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments. The “AA” range is the second-highest of the four ratings ranges that meet these criteria, and also is the second-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” and “AA-” ratings are the third- and fourth-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.
3Q 2008 FINANCIAL SUPPLEMENT
 
Industry Ratings (continued)
Moody’s states that insurance companies rated “Aa” (Excellent) offer excellent financial security. Moody’s states that companies in this group constitute what are generally known as high-grade companies. The “Aa” range is the second-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 “Aa2” and “Aa3” ratings are the third- and fourth-highest of Moody’s 21 ratings categories. Short-term rating “P-1” is the highest rating and shows superior ability for repayment of short-term debt obligations. Issuers or issues rated “Aaa.mx” demonstrate the strongest 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, and protection of interest and principal is considered high. In many cases they differ from long-term debt rated “AAA” only to a small degree. 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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