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

Date of Report (Date of earliest event reported)
October 21, 2004

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)	 	(IRS Employer
Identification No.)	

			
6620 West Broad Street, Richmond, VA	 	23230	
(Address of principal executive offices)	 	(Zip Code)	

Registrant’s telephone number, including area code
(804) 281-6000

	
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:
 
¨	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 October 21, 2004, Genworth Financial, Inc. issued (1) a press release announcing its financial results for the quarter ended September 30, 2004, 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, 2004, 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(c). 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 October 21, 2004.	
		
99.2	 	Financial supplement for the quarter ended September 30, 2004.	
 
2

SIGNATURE
 
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: October 21, 2004	 	By:	 	/s/ Richard P. McKenney
	
 	 	 	 	Richard P. McKenney	
 	 	 	 	Senior Vice President – Chief Financial Officer	
 
3

Exhibit Index

Exhibit
Number
	 	Description of Exhibit
	
99.1	 	Press release dated October 21, 2004.	
		
99.2	 	Financial supplement for the quarter ended September 30, 2004.	
 
4
 
Exhibit 99.1

 
Genworth Financial Reports Third Quarter 2004 Earnings

 	  	Three months ended September 30,
	
 	  	2004
	  	2003
	
(Amounts in millions, except per share amounts) 
 	  	Total
	  	Per diluted
share
	  	Total
	  	Per diluted
share
	
 	  	(Unaudited)	
Net earnings from continuing operations	  	$	271	  	$	0.55	  	$	230	  	$	0.47	
 	  			  			  			  			
Pro forma net earnings from continuing operations	  	$	273	  	$	0.56	  	$	210	  	$	0.43	
 	  			  			  			  			
Pro forma net operating earnings	  	$	271	  	$	0.55	  	$	216	  	$	0.44	

Richmond, VA, October 21, 2004 – Genworth Financial, Inc. (NYSE: GNW) today reported net earnings from continuing operations for the third quarter of 2004 of $271 million, or $0.55 per diluted share, compared with $230 million or $0.47 per diluted share for the third quarter of 2003.
 
In connection with the company’s initial public offering (IPO) completed on May 28, 2004, the company effected a corporate reorganization that included a series of significant reinsurance, recapitalization and separation transactions. As more fully explained at the end of this release, the company is presenting pro forma financial information that reflects those transactions to enable a more meaningful comparison of its period-to-period results.
 
Pro forma net earnings from continuing operations in the third quarter of 2004 were $273 million, or $0.56 per diluted share, compared to $210 million or $0.43 per diluted share in the third quarter of 2003.
 
Pro forma net operating earnings for the third quarter of 2004 were $271 million, or $0.55 per diluted share, up 25 percent from $216 million or $0.44 per diluted share in the third quarter of 2003. Pro forma net operating earnings in the third quarter of 2004 consist of pro forma net earnings from continuing operations, excluding after-tax net realized investment gains of $2 million. Pro forma net operating earnings in the third quarter of 2003 consist of pro forma net earnings from continuing operations, excluding after-tax net realized investment losses of $6 million.
 
Management believes that the presentation of net operating earnings enhances understanding and comparability of performance by highlighting underlying business activity and profitability drivers. However, net operating earnings should not be viewed as a substitute for net earnings prepared under accounting principles generally accepted in the U.S. (GAAP). (Please refer to the disclosure at the end of this release for a discussion of the basis on which financial information is presented in this release.)

“We continue to build on our three long-term growth platforms in protection, retirement and mortgage insurance – demonstrating strength in sales of fixed annuities, an upturn in term life sales, and continued robust growth in the international mortgage insurance arena, ” said Michael D. Fraizer, chairman and chief executive officer.
 
“We are on track to deliver pro forma net operating earnings for full-year 2004 of between $2.14 and $2.17 per share and we expect to end the year with pro forma net operating return on equity (ROE) in the 9.8 to 10 percent range,” Fraizer said. “Looking to 2005, we expect to achieve net operating earnings per share growth in the 10 to 12 percent range. This marks real progress toward our goal of a 12 percent ROE by 2008. We continue to optimize our business mix toward higher return products and markets and have focused expense discipline and capital management.”
 
Key Third Quarter Operating Highlights
 
 	•	In the Protection segment, term life insurance sales improved 13 percent on a sequential quarter basis to $26 million as a result of recently implemented price reductions together with ongoing service and distribution support initiatives. Universal life insurance sales were up 11 percent on a sequential quarter basis, reflecting market receptivity to new products for the age 50+ market introduced in the second quarter. Payment Protection Insurance (PPI) sales, excluding runoff business (1) , were up 18 percent compared to the third quarter of 2003, driven by strong growth in southern Europe.	
 
 	•	Retirement Income & Investments (RI&I) sales of fixed annuities were up 126 percent to $653 million from the third quarter of 2003 and grew 76 percent on a sequential quarter basis, reflecting strong distribution relationships and flexible product features. Sales of the company’s income distribution series products (2) more than doubled over the comparable prior year quarter to $70 million and were up 11 percent on a sequential quarter basis.	
 
 	•	Mortgage Insurance (MI) continued its international expansion, with international insurance in-force (IIF) up $47 billion, or 40 percent over the prior year quarter; up 33 percent after excluding favorable foreign currency effects (FX).	
 
“Looking across the progress we have demonstrated so far in 2004, we believe it is imperative that our industry help create awareness of the growing need for personal protection safety nets and dependable retirement income in the face of longer life spans and burgeoning health and long-term care costs,” Fraizer said. “At the same time, we are extending our global reach in helping more consumers achieve homeownership through the use of mortgage insurance. Genworth’s focused capabilities and execution continue to strengthen its foundation for future growth and improved returns to shareholders.”

(1)	In the third quarter of 2003, the company evaluated its contractual relationships with PPI distributors against targeted return thresholds and made decisions to terminate or non-renew certain contracts which the company refers to as “non-core” or “runoff.” Existing business under these contracts will runoff over several years in the normal course of business.	
 
(2)	Income distribution series products are comprised of the company’s retirement income annuity product and two variable annuity riders that provide similar income features. The term does not include immediate annuities or fixed annuities, which also serve income distribution needs but are reported separately in the company’s third quarter financial supplement.	
 
2

Pro Forma Consolidated Operating Results
 
The company operates in three primary business segments: Protection, Retirement Income & Investments, and Mortgage Insurance, in addition to a Corporate and Other Segment.
 
Consolidated third quarter pro forma net operating earnings growth of 25 percent was driven by increases in all business segments over the comparable quarter in the prior year and included $4 million of favorable FX. RI&I Segment pro forma net operating earnings grew to $42 million in the third quarter of 2004 from $15 million in the third quarter of 2003. Growth was primarily driven by higher sales and improved spreads in the fixed annuity product line and higher fee income due to new contracts in 2004 to manage GE’s municipal guaranteed investment contracts (GIC) business. Corporate and Other Segment pro forma net operating earnings improved to a loss of $8 million in the third quarter of 2004 as compared to a loss of $24 million in the third quarter of 2003 primarily due to the absence of litigation settlement costs which occurred in 2003. MI Segment pro forma net operating earnings increased 10 percent, from $93 million in the third quarter 2003 to $102 million in the third quarter of 2004, due primarily to continued strong growth internationally and $3 million of favorable FX. Protection Segment pro forma net operating earnings increased 2 percent to $135 million as compared to $132 million in the prior year quarter primarily due to business growth and lower legal expenses in life insurance, offset by declines in both PPI and group.
 
All segment information below is presented on a pro forma basis. Segment pro forma net operating earnings presented are equivalent to pro forma net earnings for all segments except Corporate and Other. For a reconciliation of the Corporate and Other Segment pro forma net operating earnings to GAAP net earnings, see the disclosure at the end of this release.
 
Pro Forma Segment Net Operating Earnings

Protection
Pro forma net operating earnings (unaudited)	  	 	 	  	 	 	
(Dollar amounts in millions)	  	 	 	  	 	 	
			
 	  	Q3 04
	  	Q3 03
	
Life	  	$	61	  	$	52	
Long term care	  	 	43	  	 	42	
Payment protection	  	 	21	  	 	25	
Group	  	 	10	  	 	13	
 	  			  			
Total Protection	  	$	135	  	$	132	

Sales	  	 	 	  	 	 	
(Dollar amounts in millions)	  	 	 	  	 	 	
			
 	  	Q3 04
	  	Q3 03
	
Life	  	$	36	  	$	39	
Long term care	  	 	39	  	 	62	
Payment protection	  	 	397	  	 	648	
Group	  	 	39	  	 	32	
 	  			  			
Total Protection	  	$	511	  	$	781	

Protection Segment pro forma net operating earnings increased $3 million from the prior year quarter due primarily to business growth and lower legal expenses in life insurance, offset by a decline in earnings in PPI and group. Long term care insurance (LTC) pro forma net operating earnings were up slightly to $43 million, as compared to the third quarter of 2003, as business growth and claims favorability was offset by higher deferred acquisition cost amortization and by $3 million of lost investment income in the third quarter of 2004 from the reallocation to the Corporate and Other Segment of approximately $250 million of excess capital. PPI pro forma net operating earnings, $21 million in the third quarter of 2004 as compared with $25 million in the third quarter of 2003, were negatively impacted by $4 million due to a higher effective tax rate subsequent to our separation from GE and the continued runoff of low return books of business. Group pro forma net operating earnings were down from the prior year due to favorable claims experience in 2003 that did not recur in the current year.
 
Sales of term life were $26 million in the third quarter of 2004, compared with $24 million in the comparable prior year period; growth reflected recently implemented price reductions together with ongoing service and distribution support initiatives. Universal life sales were $10 million in the third
 
3

quarter of 2004 as compared with $15 million in the third quarter of 2003. LTC sales decreased to $39 million in the third quarter of 2004 from $62 million in the prior year quarter. As planned, overall PPI sales declined from $648 million in the third quarter of 2003 to $397 million in the third quarter of 2004 reflecting our strategic decision to exit lower return distribution relationships. PPI sales, excluding runoff business, grew 18 percent from $330 million in the third quarter of 2003 to $390 million in the third quarter of 2004 due to growth in the southern European region. Group sales increased 22 percent in the current year quarter as compared to the prior year quarter, reflecting growth in non-medical products.

Retirement Income & Investments
Pro forma net operating earnings (unaudited)	  	 	 	  	 	 	
(Dollar amounts in millions)	  	 	 	  	 	 	
			
  	  	Q3 04
	  	Q3 03
	
Spread retail	  	$	26	  	$	6	
Fee retail	  	 	12	  	 	4	
Spread institutional	  	 	4	  	 	5	
 	  			  			
Total RI&I	  	$	42	  	$	15	

 	  	 	 	  	 	 	
Sales	  	 	 	  	 	 	
(Dollar amounts in millions)	  	 	 	  	 	 	
			
 	  	Q3 04
	  	Q3 03
	
Spread retail	  	$	929	  	$	583	
Fee retail	  	 	521	  	 	891	
Spread institutional	  	 	580	  	 	334	
 	  			  			
Total RI&I	  	$	2,030	  	$	1,808	

RI&I pro forma net operating earnings were $42 million for the third quarter of 2004 compared to $15 million in the prior year period. This growth reflects improved spreads on increased retail assets under management, strong business growth in fixed annuities, as well as an $8 million increase in fee retail products driven primarily by new contracts in 2004 to manage GE’s municipal GIC business. Spread institutional pro forma net operating earnings decreased $1 million to $4 million in the 2004 quarter as compared to $5 million in the 2003 quarter, primarily due to a 6 percent decline in average assets under management related to the planned reduction of participation in the floating-rate funding agreement market.
 
Third quarter 2004 sales of spread retail products were up $346 million as compared to the prior year quarter, driven primarily by a 126 percent increase in sales of fixed annuities. Fixed annuity sales increased due to expanded relationships in the bank channel and flexible product features. Sales of fee retail products declined $370 million from the prior year quarter as the market continued to shift to products with a variety of guarantees, many of which the company elected not to offer. Sales of Genworth’s income distribution series products were up 120 percent to $70 million in the quarter as compared to the prior year quarter. The increase in sales of spread institutional products from $334 million to $580 million relates primarily to uneven flows from large contracts.
 
4

							
Mortgage Insurance Segment
Pro forma net operating earnings (unaudited)	  	 	 	  	 	 	
(Dollar amounts in millions)	  	 	 	  	 	 	
			
  	  	Q3 04
	  	Q3 03
	
International	  	$	50	  	$	42	
United States	  	 	52	  	 	51	
 	  			  			
Total Mortgage Insurance	  	$	102	  	$	93	

Sales	  	 	 	  	 	 	
(Dollar amounts in millions)	  	 	 	  	 	 	
			
 	  	Q3 04
	  	Q3 03
	
International	  	$	13,163	  	$	13,026	
United States	  	 	6,206	  	 	17,207	
 	  			  			
Total Mortgage Insurance	  	$	19,369	  	$	30,233	

Mortgage insurance pro forma net operating earnings grew $9 million (including $3 million of favorable FX) to $102 million in the third quarter of 2004, from $93 million in the third quarter of 2003, due primarily to continued strong growth internationally, partially offset by a higher effective tax rate subsequent to our separation from GE. Growth in international pro forma net operating earnings reflected strong revenue growth while loss ratios remained low. U.S. pro forma net operating earnings were up $1 million over the prior year quarter as a result of lower underwriting expenses and higher net investment income resulting from investment portfolio repositioning, partially offset by lower insurance in-force levels.
 
International new insurance written was $13 billion, nearly flat as compared to the year ago period, reflecting a smaller mortgage origination market in Australia. This was offset by increased account penetration in both Canada and Australia as well as growth in new insurance written in Europe. U.S. new insurance written was $6 billion in the current year quarter, down from $17 billion in the prior year, as a result of a significantly smaller mortgage origination market and actions taken since the third quarter in 2003 to restructure certain excess of loss risk sharing arrangements.

Corporate and Other Segment (unaudited)	  	 	 	 	 	 	 	 	
(Dollar amounts in millions)	  	 	 	 	 	 	 	 	
			
 	  	Q3 04
	 	 	Q3 03
	 	
Pro forma net operating earnings
(Dollar amounts in millions)	  	$	(8	)	 	$	(24	)	
 
Corporate and Other Segment pro forma net operating earnings improved to a loss of $8 million in the third quarter of 2004 as compared to a loss of $24 million in the third quarter of 2003 primarily due to the absence of litigation settlement costs which occurred in 2003.
 
Shareholders equity at September 30, 2004 was $12.2 billion, or $24.89 per share. Shareholders’ equity, excluding accumulated other comprehensive income, at September 30, 2004 was $10.9 billion. Book value per share, excluding accumulated other comprehensive income, increased to $22.35 at September 30, 2004, compared to $21.84 at June 30, 2004.
 
5

Earnings Conference Call Information
 
The company will hold a conference call on October 22 from 10 a.m. to 11 a.m. (EDT) to discuss third quarter results and business outlook.
 
The company’s conference call will be accessible via telephone and the Internet. A third-quarter financial supplement and conference call materials will be available on the company’s website when released. Investors are encouraged to review all of these materials. To access the web cast, go to www.genworth.com at least 15 minutes prior to the event to register and download and install any necessary software. To access the call by telephone, please dial 1-800-599-9795 (U.S.) or 1-617-786-2905 (outside the U.S.) and enter the access code 54592399 to register. A replay of the call will be available from 1 p.m. EDT on October 22 through October 29, 2004 by dialing 1-888-286-8010 in the U.S or 1-617-801-6888 (outside the U.S.) and entering the access code 97756063. The call will also be replayed at the company’s website during this same time period.
 
Strategic Update for Investors in December 2004
 
The company plans to hold a strategic update for investors on December 15, 2004 at its headquarters in Richmond, Virginia. This full-day meeting will be web cast and archived on the company’s website. Detailed information will be provided at a future date.
 
Basis of Historical and Pro Forma Financial Information
 
As part of a corporate reorganization effected in connection with the company’s IPO, the company acquired substantially all of the assets and liabilities of GE Financial Assurance Holdings, Inc. (GEFAHI), an indirect subsidiary of GE. The company also acquired certain other insurance businesses that were owned by other GE subsidiaries but managed by members of the company’s management team. In consideration for the assets that the company acquired and the liabilities that the company assumed, the company issued various equity and debt securities to GEFAHI.
 
The company has prepared its historical financial information as if the company had been in existence throughout all relevant periods. The historical financial information through the date of the corporate reorganization (May 24, 2004) includes all businesses that were owned by GEFAHI, including those that were not transferred to the company, as well as the other insurance businesses that the company acquired from other GE subsidiaries in connection with the corporate reorganization. As a result, the company’s historical financial information for periods prior to the corporate reorganization is not comparable to historical financial information for periods ending after that date.
 
Prior to the completion of the IPO, the company entered into several significant reinsurance transactions with Union Fidelity Life Insurance Company (UFLIC), an indirect subsidiary of GE. As part of these transactions, the company ceded to UFLIC, effective as of January 1, 2004, policy obligations under all of its in-force structured settlement contracts, which had reserves of $12.0 billion, and substantially all of its in-force variable annuity contracts, which had general account reserves of $2.8 billion and separate account reserves of $7.9 billion, each as of December 31, 2003. These contracts represent substantially all of the company’s contracts that were in force as of December 31, 2003 for these products. In addition, effective as of January 1, 2004, the company ceded to UFLIC policy obligations under a block of long-term care insurance policies, which had reserves of $1.5 billion as of December 31, 2003. As part of the reinsurance transactions, UFLIC ceded to the company in-force blocks of Medicare supplement insurance, which had reserves of $19 million.
 
The unaudited pro forma financial information contained in this press release reflects the company’s historical combined financial information as adjusted to give effect to the transactions described below and certain other transactions as if each had occurred as of January 1, 2003:
 
 	•	the removal of certain businesses of GEFAHI that were not transferred to the company in connection with the corporate reorganization;	
 
 	•	the reinsurance transactions with UFLIC;	
 
6

 	•	the issuance of equity and debt securities to GEFAHI in exchange for the assets that the company acquired and the liabilities that the company assumed in connection with the corporate reorganization; and	
 
 	•	the issuance and sale of $1.9 billion of senior notes and $500 million of commercial paper and the application of the proceeds therefrom.	
 
The unaudited pro forma financial information is based upon available information and assumptions that the company believes are reasonable. The unaudited pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what the company’s financial condition or results of operations would have been had the transactions described above occurred on the dates indicated, nor what they may be in the future.
 
Use of Non-GAAP Measures
 
This press release includes the non-GAAP financial measure entitled “net operating earnings.” The company defines net operating earnings as pro forma net earnings from continuing operations, excluding pro forma after-tax net realized investment gains and losses (which can fluctuate significantly from period to period), changes in accounting principles and non-recurring, infrequent or unusual items. There were no non-recurring, infrequent or unusual items excluded from pro forma net operating earnings for the periods presented in this press release, other than a $22 million tax charge arising from the company’s separation from GE in the nine months ended September 30, 2004. Management believes that analysis of net operating earnings enhances understanding and comparability of performance by highlighting underlying business activity and profitability drivers. However, net operating earnings should not be viewed as a substitute for GAAP net earnings. In addition, the company’s definition of net operating earnings may differ from the definitions used by other companies. The table at the end of this press release provides a reconciliation of historical and pro forma net operating earnings to historical and pro forma net earnings.
 
Due to the unpredictable nature of the items excluded from the company’s definition of net operating earnings, the company is unable to reconcile its outlook for net operating earnings to net earnings from continuing operations presented in accordance with GAAP. The company’s outlook for pro forma net operating earnings is presented on a basis consistent with the other pro forma financial information presented elsewhere in this press release.
 
This press release also includes outlook regarding a non-GAAP financial measure entitled “net operating earnings return on equity,” or ROE. The company defines ROE as net operating earnings divided by average pro forma stockholders’ interest, excluding accumulated non-owner changes in average stockholders’ interest (commonly referred to as accumulated other comprehensive income (AOCI)). Management believes that analysis of ROE enhances understanding of the efficiency with which the company deploys its capital. However, ROE as defined by the company should not be viewed as a substitute for GAAP net earnings divided by average stockholders’ interest. Due to the unpredictable nature of net operating earnings and average stockholders’ interest excluding AOCI, the company is unable to reconcile its outlook for ROE to GAAP net earnings divided by average stockholders’ interest. The company’s outlook for pro forma ROE is presented on a basis consistent with the other pro forma financial information presented elsewhere in this press release.
 
All net realized investment gains (losses) are reflected in the Corporate and Other Segment and are not reflected in the results of any of the company’s other segments. As a result, the segment results contained in this press release are presented on a net operating earnings basis, which is the same as net earnings under GAAP for all segments, except Corporate and Other Segment. For a reconciliation of net operating earnings for Corporate and Other Segment to net earnings presented in accordance with GAAP, see the table at the end of this press release. The term “net operating loss” as used in the this press release is also a non-GAAP financial measure and has an analogous meaning to “net operating earnings.”
 
7

Definition of Sales
 
The term “sales” as used in this press release means (1) annualized first-year premiums for term life insurance, long-term care insurance, group life and health insurance and life-contingent annuities; (2) deposits for universal life insurance, spread-based non-life contingent products and fee-based products; (3) written premiums gross of reinsurance and cancellations for PPI; and (4) new insurance written for mortgage insurance, which in each case reflect the amount of business the company generated during each period presented. Sales do not include renewal premiums on policies or contracts written during prior periods. The company considers annualized first-year premiums, deposits, gross written premiums and new insurance written to be a measure 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 a measure of the company’s revenues or profitability during that period. This operating measure enables the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.
 
Cautionary Note Regarding Forward-Looking Statements
 
This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “estimates,” “will,” or words of similar meaning and include, but are not limited to, statements regarding the outlook for the company’s future business and financial performance. Forward-looking statements are based on management’s current expectations and assumptions, which are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Actual outcomes and results may differ materially due to global political, economic, business, competitive, market, regulatory and other factors, including the following:
 
 	•	Risks relating to the company’s businesses, including interest rate fluctuations, downturns and volatility in equity markets, defaults in portfolio securities, downgrades in the company’s financial strength and credit ratings, unexpected changes in mortality and morbidity rates, accelerated amortization of deferred acquisition costs and present value of future profits, impairment of the value of goodwill, decreases in the volume of mortgage originations, increases in mortgage insurance cancellations, increases in the use of captive reinsurance in the mortgage insurance market, the influence of large mortgage lenders and investors, foreign exchange rate fluctuations, insufficiency of reserves, legal constraints on dividend distributions by subsidiaries, illiquid investments, competition, inability to attract or retain independent sales intermediaries and dedicated sales specialists, defaults by counterparties, regulatory restrictions on the company’s operations and changes in applicable laws and regulations, legal or regulatory actions, or investigations, political or economic instability and the threat of terrorism; and	
 
 	•	Risks relating to the company’s separation from GE, including the loss of benefits associated with GE’s brand and reputation, the company’s need to establish the new Genworth brand identity quickly and effectively, the company’s inability to present financial information in SEC filings that accurately represents the results the company would have achieved as a stand-alone company, the possibility that the company will not be able to replace services previously provided by GE on comparable terms, uncertainty of amounts and timing of payments that the company has agreed to make to GE under the company’ tax matters agreement and other matters relating to that agreement, potential conflicts of interest with GE and GE’s engaging in the same type of business as the company does in the future.	
 
The company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.
 
8

About Genworth Financial
 
Genworth is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, and has operations in 20 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information, visit www.genworth.com .
 
# # #
 
Contact Information:

Investors:	  	Jean Peters, 804.662.2693	
 	  	jean.peters@genworth.com	
		
 	  	Alicia Charity, 804.662.2248	
 	  	alicia.charity@genworth.com	
		
Media:	  	Mike Kachel, 804.662.2534	
 	  	mike.kachel@genworth.com	
 
9

COMBINED STATEMENT OF EARNINGS INFORMATION

(Amounts in millions, except per share data)
 	  	Three months ended September 30,
	 	
	  	Historical
	 	 	Pro forma
	 	
	  	2004
	  	2003
	 	 	2004
	  	2003
	 	
 	  	(Unaudited)	 	
Revenues:	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Premiums	  	$	1,523	  	$	1,664	 	 	$	1,523	  	$	1,547	 	
Net investment income	  	 	785	  	 	1,033	 	 	 	806	  	 	764	 	
Net realized investment gains (losses)	  	 	3	  	 	(13	)	 	 	3	  	 	(9	)	
Policy fees and other income	  	 	159	  	 	232	 	 	 	161	  	 	134	 	
 	  			  				 			  				
Total revenues	  	 	2,470	  	 	2,916	 	 	 	2,493	  	 	2,436	 	
 	  			  				 			  				
Benefits and expenses:	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Benefits and other changes in policy reserves	  	 	1,034	  	 	1,345	 	 	 	1,041	  	 	1,079	 	
Interest credited	  	 	328	  	 	407	 	 	 	336	  	 	340	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	399	  	 	525	 	 	 	401	  	 	441	 	
Amortization of deferred acquisition costs and intangibles	  	 	242	  	 	276	 	 	 	244	  	 	226	 	
Interest expense	  	 	60	  	 	40	 	 	 	60	  	 	57	 	
 	  			  				 			  				
Total benefits and expenses	  	 	2,063	  	 	2,593	 	 	 	2,082	  	 	2,143	 	
 	  			  				 			  				
Earnings from continuing operations before income taxes and accounting changes	  	 	407	  	 	323	 	 	 	411	  	 	293	 	
Provision for income taxes	  	 	136	  	 	93	 	 	 	138	  	 	83	 	
 	  			  				 			  				
Net earnings from continuing operations before accounting changes	  	 	271	  	 	230	 	 	$	273	  	$	210	 	
 	  	 	 	  	 	 	 	 			  				
Net earnings from discontinued operations, net of taxes	  	 	—  	  	 	10	 	 	 	 	  	 	 	 	
Loss on sale of discontinued operations, net of taxes	  	 	—  	  	 	(67	)	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Net earnings before accounting change	  	 	271	  	 	173	 	 	 	 	  	 	 	 	
Cumulative effect of accounting changes, net of taxes	  	 	—  	  	 	—  	 	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Net earnings	  	$	271	  	$	173	 	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Net earnings from continuing operations per share:	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Basic	  	$	0.55	  	$	0.47	 	 	$	0.56	  	$	0.43	 	
 	  			  				 			  				
Diluted	  	$	0.55	  	$	0.47	 	 	$	0.56	  	$	0.43	 	
 	  			  				 			  				
Net earnings per share:	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Basic	  	$	0.55	  	$	0.35	 	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Diluted	  	$	0.55	  	$	0.35	 	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Shares outstanding	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Basic	  	 	489.6	  	 	489.5	 	 	 	489.6	  	 	489.5	 	
Diluted	  	 	490.4	  	 	489.5	 	 	 	490.4	  	 	489.5	 	
 
10

COMBINED STATEMENT OF EARNINGS INFORMATION

(Amounts in millions, except per share data)
 	  	Nine months ended September 30,
	 	
	  	Historical
	 	 	Pro forma
	 	
	  	2004
	  	2003
	 	 	2004
	  	2003
	 	
 	  	(Unaudited)	 	
Revenues:	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Premiums	  	$	4,953	  	$	4,941	 	 	$	4,782	  	$	4,605	 	
Net investment income	  	 	2,823	  	 	3,020	 	 	 	2,393	  	 	2,207	 	
Net realized investment gains (losses)	  	 	27	  	 	(29	)	 	 	24	  	 	(11	)	
Policy fees and other income	  	 	612	  	 	685	 	 	 	461	  	 	395	 	
 	  			  				 			  				
Total revenues	  	 	8,415	  	 	8,617	 	 	 	7,660	  	 	7,196	 	
 	  			  				 			  				
Benefits and expenses:	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Benefits and other changes in policy reserves	  	 	3,675	  	 	3,806	 	 	 	3,230	  	 	3,045	 	
Interest credited	  	 	1,088	  	 	1,222	 	 	 	1,000	  	 	1,023	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	1,383	  	 	1,489	 	 	 	1,235	  	 	1,231	 	
Amortization of deferred acquisition costs and intangibles	  	 	892	  	 	935	 	 	 	797	  	 	790	 	
Interest expense	  	 	154	  	 	94	 	 	 	180	  	 	144	 	
 	  			  				 			  				
Total benefits and expenses	  	 	7,192	  	 	7,546	 	 	 	6,442	  	 	6,233	 	
 	  			  				 			  				
Earnings from continuing operations before income taxes and accounting changes	  	 	1,223	  	 	1,071	 	 	 	1,218	  	 	963	 	
Provision for income taxes	  	 	424	  	 	322	 	 	 	428	  	 	282	 	
 	  			  				 			  				
Net earnings from continuing operations before accounting changes	  	 	799	  	 	749	 	 	$	790	  	$	681	 	
 	  	 	 	  	 	 	 	 			  				
Net earnings from discontinued operations, net of taxes	  	 	—  	  	 	186	 	 	 	 	  	 	 	 	
Gain (loss) on sale of discontinued operations, net of taxes	  	 	7	  	 	(67	)	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Net earnings before accounting change	  	 	806	  	 	868	 	 	 	 	  	 	 	 	
Cumulative effect of accounting changes, net of taxes	  	 	5	  	 	—  	 	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Net earnings	  	$	811	  	$	868	 	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Net earnings from continuing operations per share:	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Basic	  	$	1.63	  	$	1.53	 	 	$	1.61	  	$	1.39	 	
 	  			  				 			  				
Diluted	  	$	1.63	  	$	1.53	 	 	$	1.61	  	$	1.39	 	
 	  			  				 			  				
Net earnings per share:	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Basic	  	$	1.66	  	$	1.77	 	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Diluted	  	$	1.65	  	$	1.77	 	 	 	 	  	 	 	 	
 	  			  				 	 	 	  	 	 	 	
Shares outstanding	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Basic	  	 	489.5	  	 	489.5	 	 	 	489.5	  	 	489.5	 	
Diluted	  	 	490.4	  	 	489.5	 	 	 	490.4	  	 	489.5	 	
 
11

PRO FORMA FINANCIAL INFORMATION

 	  	Three months ended September 30, 2004
	 	
(Dollar amounts in millions)
 	  	Historical
	 	 	Pro forma
adjustments -
excluded
assets and
liabilities (a)
	 	 	Pro forma
adjustments -
reinsurance
transactions (b)
	 	 	Pro forma
adjustments -
capital
structure and
other (c)
	 	 	Pro forma
	 	
 	  	(Unaudited)	 	
Revenues:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	1,523	 	 	$	 —  	 	 	$	 —  	 	 	$	 —  	 	 	$	1,523	 	
Net investment income	  	 	785	 	 	 	—  	 	 	 	21	 	 	 	—  	 	 	 	806	 	
Net realized investment gains (losses)	  	 	3	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	3	 	
Policy fees and other income	  	 	159	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	161	 	
 	  				 				 				 				 				
Total revenues	  	 	2,470	 	 	 	—  	 	 	 	23	 	 	 	—  	 	 	 	2,493	 	
 	  				 				 				 				 				
Benefits and expenses:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	1,034	 	 	 	—  	 	 	 	7	 	 	 	—  	 	 	 	1,041	 	
Interest credited	  	 	328	 	 	 	—  	 	 	 	8	 	 	 	—  	 	 	 	336	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	399	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	401	 	
Amortization of deferred acquisition costs and intangibles	  	 	242	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	244	 	
Interest expense	  	 	60	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	60	 	
 	  				 				 				 				 				
Total benefits and expenses	  	 	2,063	 	 	 	—  	 	 	 	19	 	 	 	—  	 	 	 	2,082	 	
 	  				 				 				 				 				
Earnings from continuing operations before income taxes	  	 	407	 	 	 	—  	 	 	 	4	 	 	 	—  	 	 	 	411	 	
						
Provision for income taxes	  	 	136	 	 	 	—  	 	 	 	2	 	 	 	—  	 	 	 	138	 	
 	  				 				 				 				 				
Net earnings from continuing operations	  	$	271	 	 	$	—  	 	 	$	2	 	 	$	—  	 	 	$	273	 	

 	  	Three months ended September 30, 2003
	 	
(Dollar amounts in millions)
 	  	Historical
	 	 	Pro forma
adjustments -
excluded
assets and
liabilities (a)
	 	 	Pro forma
adjustments -
reinsurance
transactions (b)
	 	 	Pro forma
adjustments -
capital
structure and
other (c)
	 	 	Pro forma
	 	
 	  	(Unaudited)	 	
Revenues:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	1,664	 	 	$	(66	)	 	$	(51	)	 	$	—  	 	 	$	1,547	 	
Net investment income	  	 	1,033	 	 	 	(20	)	 	 	(249	)	 	 	—  	 	 	 	764	 	
Net realized investment gains (losses)	  	 	(13	)	 	 	4	 	 	 	—  	 	 	 	—  	 	 	 	(9	)	
Policy fees and other income	  	 	232	 	 	 	(65	)	 	 	(33	)	 	 	—  	 	 	 	134	 	
 	  				 				 				 				 				
Total revenues	  	 	2,916	 	 	 	(147	)	 	 	(333	)	 	 	—  	 	 	 	2,436	 	
 	  				 				 				 				 				
Benefits and expenses:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	1,345	 	 	 	(52	)	 	 	(214	)	 	 	—  	 	 	 	1,079	 	
Interest credited	  	 	407	 	 	 	—  	 	 	 	(67	)	 	 	—  	 	 	 	340	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	525	 	 	 	(66	)	 	 	(18	)	 	 	—  	 	 	 	441	 	
Amortization of deferred acquisition costs and intangibles	  	 	276	 	 	 	(27	)	 	 	(23	)	 	 	—  	 	 	 	226	 	
Interest expense	  	 	40	 	 	 	—  	 	 	 	—  	 	 	 	17	 	 	 	57	 	
 	  				 				 				 				 				
Total benefits and expenses	  	 	2,593	 	 	 	(145	)	 	 	(322	)	 	 	17	 	 	 	2,143	 	
 	  				 				 				 				 				
Earnings from continuing operations before income taxes	  	 	323	 	 	 	(2	)	 	 	(11	)	 	 	(17	)	 	 	293	 	
						
Provision for income taxes	  	 	93	 	 	 	—  	 	 	 	(4	)	 	 	(6	)	 	 	83	 	
 	  				 				 				 				 				
Net earnings from continuing operations	  	$	230	 	 	$	(2	)	 	$	(7	)	 	$	(11	)	 	$	210	 	

Note: For a discussion of notes (a), (b), and (c) to these tables see Notes to Pro Forma Financial Information and Reconciliation Tables.
 
12

PRO FORMA FINANCIAL INFORMATION

 	  	Nine months ended September 30, 2004
	 	
(Dollar amounts in millions)
 	  	Historical
	 	 	Pro forma
adjustments -
excluded
assets and
liabilities (a)
	 	 	Pro forma
adjustments -
reinsurance
transactions (b)
	 	 	Pro forma
adjustments -
capital
structure and
other (c)
	 	 	Pro forma
	 	
 	  	(Unaudited)	 	
Revenues:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	4,953	 	 	$	(80	)	 	$	(91	)	 	$	 —  	 	 	$	4,782	 	
Net investment income	  	 	2,823	 	 	 	(28	)	 	 	(402	)	 	 	—  	 	 	 	2,393	 	
Net realized investment gains (losses)	  	 	27	 	 	 	(3	)	 	 	—  	 	 	 	—  	 	 	 	24	 	
Policy fees and other income	  	 	612	 	 	 	(103	)	 	 	(48	)	 	 	—  	 	 	 	461	 	
 	  				 				 				 				 				
Total revenues	  	 	8,415	 	 	 	(214	)	 	 	(541	)	 	 	—  	 	 	 	7,660	 	
 	  				 				 				 				 				
Benefits and expenses:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	3,675	 	 	 	(71	)	 	 	(374	)	 	 	—  	 	 	 	3,230	 	
Interest credited	  	 	1,088	 	 	 	—  	 	 	 	(88	)	 	 	—  	 	 	 	1,000	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	1,383	 	 	 	(117	)	 	 	(31	)	 	 	—  	 	 	 	1,235	 	
Amortization of deferred acquisition costs and intangibles	  	 	892	 	 	 	(46	)	 	 	(49	)	 	 	—  	 	 	 	797	 	
Interest expense	  	 	154	 	 	 	—  	 	 	 	—  	 	 	 	26	 	 	 	180	 	
 	  				 				 				 				 				
Total benefits and expenses	  	 	7,192	 	 	 	(234	)	 	 	(542	)	 	 	26	 	 	 	6,442	 	
 	  				 				 				 				 				
Earnings from continuing operations before income taxes	  	 	1,223	 	 	 	20	 	 	 	1	 	 	 	(26	)	 	 	1,218	 	
						
Provision for income taxes	  	 	424	 	 	 	13	 	 	 	(1	)	 	 	(8	)	 	 	428	 	
 	  				 				 				 				 				
Net earnings from continuing operations	  	$	799	 	 	$	7	 	 	$	2	 	 	$	(18	)	 	$	790	 	

 	  	Nine months ended September 30, 2003
	 	
(Dollar amounts in millions)
 	  	Historical
	 	 	Pro forma
adjustments -
excluded
assets and
liabilities (a)
	 	 	Pro forma
adjustments -
reinsurance
transactions (b)
	 	 	Pro forma
adjustments -
capital
structure and
other (c)
	 	 	Pro forma
	 	
 	  	(Unaudited)	 	
Revenues:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	4,941	 	 	$	(187	)	 	$	(149	)	 	$	—  	 	 	$	4,605	 	
Net investment income	  	 	3,020	 	 	 	(55	)	 	 	(758	)	 	 	—  	 	 	 	2,207	 	
Net realized investment gains (losses)	  	 	(29	)	 	 	7	 	 	 	11	 	 	 	—  	 	 	 	(11	)	
Policy fees and other income	  	 	685	 	 	 	(195	)	 	 	(95	)	 	 	—  	 	 	 	395	 	
 	  				 				 				 				 				
Total revenues	  	 	8,617	 	 	 	(430	)	 	 	(991	)	 	 	—  	 	 	 	7,196	 	
 	  				 				 				 				 				
Benefits and expenses:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	3,806	 	 	 	(136	)	 	 	(625	)	 	 	—  	 	 	 	3,045	 	
Interest credited	  	 	1,222	 	 	 	—  	 	 	 	(199	)	 	 	—  	 	 	 	1,023	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	1,489	 	 	 	(200	)	 	 	(58	)	 	 	—  	 	 	 	1,231	 	
Amortization of deferred acquisition costs and intangibles	  	 	935	 	 	 	(76	)	 	 	(69	)	 	 	—  	 	 	 	790	 	
Interest expense	  	 	94	 	 	 	—  	 	 	 	—  	 	 	 	50	 	 	 	144	 	
 	  				 				 				 				 				
Total benefits and expenses	  	 	7,546	 	 	 	(412	)	 	 	(951	)	 	 	50	 	 	 	6,233	 	
 	  				 				 				 				 				
Earnings from continuing operations before income taxes	  	 	1,071	 	 	 	(18	)	 	 	(40	)	 	 	(50	)	 	 	963	 	
						
Provision for income taxes	  	 	322	 	 	 	(6	)	 	 	(16	)	 	 	(18	)	 	 	282	 	
 	  				 				 				 				 				
Net earnings from continuing operations	  	$	749	 	 	$	(12	)	 	$	(24	)	 	$	(32	)	 	$	681	 	

Note: For a discussion of notes (a), (b), and (c) to these tables see Notes to Pro Forma Financial Information and Reconciliation Tables.
 
13

RECONCILIATION OF COMPANY NET EARNINGS TO PRO FORMA NET OPERATING EARNINGS

(Amounts in millions, except per share data)
 	  	Three months ended
September 30,
	 	 	Nine months ended
September 30,
	 	 	Year ended
December 31,
	 	
	  	2004
	 	 	2003
	 	 	2004
	 	 	2003
	 	 	2003
	 	
 	  	(Unaudited)	 	 	 	 	
Net earnings	  	$	271	 	 	$	173	 	 	$	811	 	 	$	868	 	 	$	1,081	 	
Net earnings from discontinued operations, net of taxes	  	 	—  	 	 	 	(10	)	 	 	—  	 	 	 	(186	)	 	 	(186	)	
(Gain) loss on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	67	 	 	 	(7	)	 	 	67	 	 	 	74	 	
Cumulative effect of accounting change, net of taxes	  	 	—  	 	 	 	—  	 	 	 	(5	)	 	 	—  	 	 	 	—  	 	
 	  				 				 				 				 				
Net earnings from continuing operations	  	 	271	 	 	 	230	 	 	 	799	 	 	 	749	 	 	 	969	 	
 	  				 				 				 				 				
Excluded assets and liabilities (a)	  	 	—  	 	 	 	(2	)	 	 	7	 	 	 	(12	)	 	 	(15	)	
Reinsurance transactions (b)	  	 	2	 	 	 	(7	)	 	 	2	 	 	 	(24	)	 	 	(20	)	
Capital structure and other (c)	  	 	—  	 	 	 	(11	)	 	 	(18	)	 	 	(32	)	 	 	(42	)	
 	  				 				 				 				 				
Pro forma net earnings from continuing operations	  	 	273	 	 	 	210	 	 	 	790	 	 	 	681	 	 	 	892	 	
 	  				 				 				 				 				
Pro forma net realized (gains) losses on investments, net of taxes	  	 	(2	)	 	 	6	 	 	 	(16	)	 	 	7	 	 	 	(25	)	
One-time tax charge relating to initial public offering, net of taxes	  	 	—  	 	 	 	—  	 	 	 	22	 	 	 	—  	 	 	 	—  	 	
 	  				 				 				 				 				
Pro forma net operating earnings	  	$	271	 	 	$	216	 	 	$	796	 	 	$	688	 	 	$	867	 	
 	  				 				 				 				 				
Net earnings per share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	$	0.55	 	 	$	0.35	 	 	$	1.66	 	 	$	1.77	 	 	$	2.21	 	
 	  				 				 				 				 				
Diluted	  	$	0.55	 	 	$	0.35	 	 	$	1.65	 	 	$	1.77	 	 	$	2.21	 	
 	  				 				 				 				 				
Net earnings from continuing operations per share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	$	0.55	 	 	$	0.47	 	 	$	1.63	 	 	$	1.53	 	 	$	1.98	 	
 	  				 				 				 				 				
Diluted	  	$	0.55	 	 	$	0.47	 	 	$	1.63	 	 	$	1.53	 	 	$	1.98	 	
 	  				 				 				 				 				
Pro forma net earnings from continuing operations per share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	$	0.56	 	 	$	0.43	 	 	$	1.61	 	 	$	1.39	 	 	$	1.82	 	
 	  				 				 				 				 				
Diluted	  	$	0.56	 	 	$	0.43	 	 	$	1.61	 	 	$	1.39	 	 	$	1.82	 	
 	  				 				 				 				 				
Pro forma net operating earnings per share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	$	0.55	 	 	$	0.44	 	 	$	1.63	 	 	$	1.41	 	 	$	1.77	 	
 	  				 				 				 				 				
Diluted	  	$	0.55	 	 	$	0.44	 	 	$	1.62	 	 	$	1.41	 	 	$	1.77	 	
 	  				 				 				 				 				
Shares outstanding	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	 	489.6	 	 	 	489.5	 	 	 	489.5	 	 	 	489.5	 	 	 	489.5	 	
Diluted	  	 	490.4	 	 	 	489.5	 	 	 	490.4	 	 	 	489.5	 	 	 	489.5	 	
 
Note: For a discussion of notes (a), (b), and (c) to these tables see Notes to Pro Forma Financial Information and Reconciliation Tables.
 
14

RECONCILIATION OF CORPORATE AND OTHER SEGMENT NET LOSS TO PRO FORMA NET OPERATING LOSS

(Dollar amounts in millions)
 	  	Three months ended
September 30,
	 	 	Nine months ended
September 30,
	 	
	  	2004
	 	 	2003
	 	 	2004
	 	 	2003
	 	
 	  	(Unaudited)	 	
Segment net loss	  	$	(6	)	 	$	(28	)	 	$	(12	)	 	$	(78	)	
Excluded assets and liabilities (a)	  	 	—  	 	 	 	—  	 	 	 	(5	)	 	 	1	 	
Reinsurance transactions (b)	  	 	—  	 	 	 	9	 	 	 	—  	 	 	 	32	 	
Capital structure and other (c)	  	 	—  	 	 	 	(11	)	 	 	(18	)	 	 	(32	)	
 	  				 				 				 				
Pro forma net loss from continuing operations	  	 	(6	)	 	 	(30	)	 	 	(35	)	 	 	(77	)	
 	  				 				 				 				
Net realized (gains) losses on investments, net of taxes	  	 	(2	)	 	 	6	 	 	 	(16	)	 	 	7	 	
One-time tax charge relating to initial public offering	  	 	—  	 	 	 	—  	 	 	 	22	 	 	 	—  	 	
 	  				 				 				 				
Pro forma net operating loss	  	$	(8	)	 	$	(24	)	 	$	(29	)	 	$	(70	)	

Note: For a discussion of notes (a), (b), and (c) to these tables see Notes to Pro Forma Financial Information and Reconciliation Tables.
 
15

Notes to Pro Forma Financial Information and Reconciliation Tables
 
(a)	Reflects adjustments to exclude amounts included in the company’s historical combined earnings relating to (1) certain businesses (formerly reported in the company’s Affinity Segment) and certain investment partnerships, which in each case were not transferred to the company, and (2) net realized investment (gains) losses and related tax benefit arising from sales of Affinity segment assets that were reflected in the company’s Corporate and Other Segment.	
 
(b)	Reflects adjustments to record the effects of the reinsurance transactions the company entered into with, and the related contribution the company made to, UFLIC, an indirect subsidiary of GE. As part of these transactions, the company ceded to UFLIC all of its in-force structured settlement contracts, substantially all of its in-force variable annuity contracts, and a block of long-term care insurance policies that it reinsured from Travelers in 2000, and it assumed from UFLIC a block of Medicare supplement insurance, all effective as of January 1, 2004. The unaudited pro forma earnings information gives effect to the reinsurance transactions as if each occurred as of January 1, 2003 and excludes the effects of all ceded reinsured contracts that were issued before January 1, 2003. The company has continued to sell variable annuities and structured settlements after completion of the reinsurance transactions and is retaining that business for its own account, subject to third party insurance in the ordinary course of business.	
 
As a result, the company’s unaudited pro forma combined statement of earnings reflects premiums and fees from these products issued after January 1, 2003, even though variable annuities and structured settlements issued during 2003 are included in the blocks of policies reinsured to UFLIC. The company’s pro forma combined statements of earnings exclude the impact of the entire block of long-term care insurance policies that the company ceded to UFLIC as the company did not issue any new policies for this block in 2003, and the company will not issue any in the future.
 
Under the reinsurance transactions, the company receives an expense allowance to reimburse it for costs it incurs to service the reinsured blocks. Actual costs and expense allowance amounts will be determined by expense studies to be conducted periodically. The pro forma adjustments have been prepared assuming that actual costs incurred during the pro forma periods, as determined under the company’s historical cost structure and allocation methods, were reimbursed by an expense allowance.
 
In addition to investment assets transferred to UFLIC in exchange for a reinsurance recoverable asset from UFLIC, concurrently, the company contributed $1.836 billion of capital to UFLIC which primarily represented the excess statutory capital in the company’s insurance subsidiaries after giving effect to the reinsurance transactions. As a significant portion of the assets transferred and contributed were not owned for the entire period, the pro forma earnings adjustments to reduce net investment income and net realized investment gains were based upon a proportional allocation of investment income from the investment assets historically identified (1) as supporting the blocks of business reinsured for the reinsurance, and (2) as representing surplus of subsidiaries providing assets to be contributed to UFLIC for the contribution.
 
(c)	Reflects adjustments for changes in the company’s capitalization to exclude the impact of commercial paper, short-term borrowings from GE Capital and derivatives that were not transferred to the company in connection with the corporate reorganization and to include the impact of the issuance of $600 million of the company’s 6.00% Equity Units and $100 million of the company’s 5.25% mandatorily redeemable Series A Cumulative Preferred Stock, both of which were completed on May 28, 2004, the issuance of 3, 5, 10 and 30 year notes totaling $1.9 billion which was completed June 15, 2004, and the issuance of $500 million of commercial paper which was complete June 14, 2004, as well as interest expense related to the accretion of the company’s obligation to GE under the Tax Matters Agreement and the tax impacts resulting from these changes in the company’s capitalization.	
 
16
 
Exhibit 99.2

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Table of Contents
			
 	  	Page
	
Presentation of Financial Information	  	2, 3 & 4	
Financial Highlights	  	5	
Reconciliation to Pro Forma Net Operating Earnings	  	6	
Notes to Pro Forma Financial Information	  	7	
		
Historical Highlights	  	 	
QTD Historical Financial Highlights	  	9	
YTD Historical Financial Highlights	  	10	
QTD Historical Combined Earnings From Continuing Operations	  	11	
YTD Historical Combined Earnings From Continuing Operations	  	12	
Combined Statement of Financial Position	  	13	
		
Pro Forma Highlights	  	 	
QTD Pro Forma Financial Highlights	  	15	
YTD Pro Forma Financial Highlights	  	16	
QTD Pro Forma Earnings From Continuing Operations	  	17	
YTD Pro Forma Earnings From Continuing Operations	  	18	
		
Pro Forma Information	  	 	
Pro Forma Operating Results	  	 	
QTD Pro Forma Statement of Earnings by Segment	  	20	
YTD Pro Forma Statement of Earnings by Segment	  	21	
Pro Forma By Segment	  	 	
QTD Pro Forma Segment Net Earnings - Protection	  	22	
YTD Pro Forma Segment Net Earnings - Protection	  	23	
QTD Pro Forma Segment Net Earnings - Retirement Income and Investments	  	24	
YTD Pro Forma Segment Net Earnings - Retirement Income and Investments	  	25	
QTD Pro Forma Segment Net Earnings - Mortgage Insurance	  	26	
YTD Pro Forma Segment Net Earnings - Mortgage Insurance	  	27	
Selected Key Performance Measures - Mortgage Insurance	  	28 & 29	
QTD Pro Forma Segment Net Earnings - Corporate and Other	  	30	
YTD Pro Forma Segment Net Earnings - Corporate and Other	  	31	
Pro Forma Earnings Trends	  	 	
Pro Forma Net Earnings	  	32	
Pro Forma Segment Net Earnings - Protection	  	33	
Pro Forma Segment Net Earnings - Retirement Income and Investments	  	34	
Pro Forma Segment Net Earnings - Mortgage Insurance	  	35	
Pro Forma Segment Net Earnings - Corporate and Other	  	36	
		
Historical Information	  	 	
Historical Combined Operating Results	  	 	
QTD Historical Combined Statement of Earnings by Segment	  	38	
YTD Historical Combined Statement of Earnings by Segment	  	39	
		
Historical By Segment	  	 	
QTD Historical Segment Net Earnings - Protection	  	40	
YTD Historical Segment Net Earnings - Protection	  	41	
QTD Historical Segment Net Earnings - Retirement Income and Investments	  	42	
YTD Historical Segment Net Earnings - Retirement Income and Investments	  	43	
Account Values - Retirement Income and Investments	  	44	
Historical Account Values by Contract Type - Retirement Income and Investments	  	45	
QTD Historical Segment Net Earnings - Mortgage Insurance	  	46	
YTD Historical Segment Net Earnings - Mortgage Insurance	  	47	
QTD Historical Segment Net Earnings - Corporate and Other	  	48	
YTD Historical Segment Net Earnings - Corporate and Other	  	49	
		
Historical Earnings Trends	  	 	
Historical Combined Net Earnings	  	50	
Historical Segment Net Earnings - Protection	  	51	
Historical Segment Net Earnings - Retirement Income and Investments	  	52	
Historical Segment Net Earnings - Mortgage Insurance	  	53	
Historical Segment Net Earnings - Corporate and Other	  	54	
Historical Segment Net Earnings - Affinity	  	55	
		
Statistical Data	  	 	
Deferred Acquisition Costs	  	57	
Investments Summary	  	58	
Fixed Maturity Summary	  	59	
Commercial Mortgage Loan Data	  	60	
Historical Segment Sales	  	61	
		
Corporate Information	  	63 & 64	
 
1

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Dear Investor/Analyst,
 
In conjunction with the release of Third Quarter earnings, we have prepared this financial statistical supplement to assist investors in understanding Genworth’s financial results.
 
This supplement contains both historical and pro forma earnings and other financial information. Pro forma financial information included in this supplement reflects the effect of the company’s corporate reorganization in conjunction with its recent initial public offering (IPO), completed May 28, 2004. As further detailed below, pro forma financial information is presented to enable a more meaningful comparison of Genworth’s period-to-period results.
 
Additional detail on the basis of presentation of historical and pro forma financial information is provided below.
 
Please feel free to call if you have any additional questions.
 
Regards,
 
Jean Peters
Senior Vice President
Investor Relations and Corporate Communications
804 662-2693
 
Alicia Charity
Vice President
Investor Relations
804 662-2248
 
Basis of Historical and Pro Forma Financial Information
 
As part of a corporate reorganization effected in connection with the company’s IPO, the company acquired substantially all of the assets and liabilities of GE Financial Assurance Holdings, Inc. (GEFAHI), an indirect subsidiary of GE. The company also acquired certain other insurance businesses that were owned by other GE subsidiaries but managed by members of the company’s management team. In consideration for the assets that the company acquired and the liabilities that the company assumed, the company issued various equity and debt securities to GEFAHI.
 
The company has prepared its historical financial information as if the company had been in existence throughout all relevant periods. The historical financial information through the date of the corporate reorganization (May 24, 2004) includes all businesses that were owned by GEFAHI, including those that were not transferred to the company, as well as the other insurance businesses that the company acquired from other GE subsidiaries in connection with the corporate reorganization. As a result, the company’s historical financial information for periods prior to the corporate reorganization is not comparable to historical financial information for periods ending after that date.
 
2

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Prior to the completion of the IPO, the company entered into several significant reinsurance transactions with Union Fidelity Life Insurance Company (UFLIC), an indirect subsidiary of GE. As part of these transactions, the company ceded to UFLIC, effective as of January 1, 2004, policy obligations under all of its in-force structured settlement contracts, which had reserves of $12.0 billion, and substantially all of its in-force variable annuity contracts, which had general account reserves of $2.8 billion and separate account reserves of $7.9 billion, each as of December 31, 2003. These contracts represent substantially all of the company’s contracts that were in force as of December 31, 2003 for these products. In addition, effective as of January 1, 2004, the company ceded to UFLIC policy obligations under a block of long-term care insurance policies, which had reserves of $1.5 billion as of December 31, 2003. As part of the reinsurance transactions, UFLIC ceded to the company in-force blocks of Medicare supplement insurance, which had reserves of $19 million.
 
The unaudited pro forma financial information contained in this financial supplement reflects the company’s historical combined financial information as adjusted to give effect to the transactions described below and certain other transactions as if each had occurred as of January 1, 2003:
 
•	the removal of certain businesses of GEFAHI that were not transferred to the company in connection with the corporate reorganization;	
 
•	the reinsurance transactions with UFLIC;	
 
•	the issuance of equity and debt securities to GEFAHI in exchange for the assets that the company acquired and the liabilities that the company assumed in connection with the corporate reorganization; and	
 
•	the issuance and sale of $1.9 billion of senior notes and $500 million of commercial paper and the application of the proceeds therefrom.	
 
The unaudited pro forma financial information is based upon available information and assumptions that the company believes are reasonable. The unaudited pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what the company’s financial condition or results of operations would have been had the transactions described above occurred on the dates indicated, nor what they may be in the future.
 
Use of Non-GAAP Measures
 
This financial supplement includes the non-GAAP financial measure entitled “net operating earnings.” The company defines net operating earnings as pro forma net earnings from continuing operations, excluding pro forma after-tax net realized investment gains and losses (which can fluctuate significantly from period to period), changes in accounting principles and non-recurring, infrequent or unusual items. There were no non-recurring, infrequent or unusual items excluded from pro forma net operating earnings for the periods presented in this financial supplement other than a $22 million tax charge during the three months ended June 30, 2004 arising from the company’s separation from GE in the nine months ended September 30, 2004.
 
3

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Management believes that analysis of net operating earnings enhances understanding and comparability of performance by highlighting underlying business activity and profitability drivers. However, net operating earnings should not be viewed as a substitute for GAAP net earnings. In addition, the company’s definition of net operating earnings may differ from the definitions used by other companies. The table on page 6 of this financial supplement provides a reconciliation of pro forma net operating earnings to historical and pro forma net earnings.
 
All net realized investment gains (losses) are reflected in the Corporate and Other Segment and are not reflected in the results of any of the company’s other segments. As a result, the segment results contained in this financial supplement are presented on a net operating earnings basis, which is the same as net earnings under GAAP for all segments, except for the Corporate and Other Segment. For a reconciliation of pro forma net operating earnings for the Corporate and Other Segment to pro forma net earnings presented in accordance with GAAP, see the tables on pages 15 and 16 in this financial supplement. The term “net operating loss” as used in this financial supplement is also a non-GAAP financial measure and has an analogous meaning to “net operating earnings.”
 
Definition of Sales
 
The term “sales” as used in this financial supplement means (1) annualized first-year premiums for term life insurance, long-term care insurance, group life and health insurance and life-contingent annuities; (2) deposits for universal life insurance, spread-based non-life contingent products and fee-based products; (3) written premiums gross of reinsurance and cancellations for payment protection insurance; and (4) new insurance written for mortgage insurance, which in each case reflects the amount of business the company generated during each period presented. Sales do not include renewal premiums on policies or contracts written during prior periods.
 
The company considers annualized first-year premiums, deposits and new insurance written to be a measure 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 a measure of the company’s revenues or profitability during that period. This operating measure enables 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.
 
4

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Financial Highlights
(Dollar amounts in millions, except per share data)

 	  	September 30, 2004
	
Historical Combined Balance Sheet Data	  	 	 	
Total stockholders’ equity, excluding accumulated nonowner changes in stockholders’ equity	  	$	10,940	
Total accumulated nonowner changes in stockholders’ equity	  	 	1,246	
 	  			
Total stockholders’ equity	  	$	12,186	
 	  			
Book value per share	  	$	24.89	
Book value per share, excluding accumulated nonowner changes in stockholders’ equity	  	$	22.35	
 
Stockholders’ equity refers to stockholders’ interest in the Combined Statement of Financial Position
 
5

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Reconciliation to Pro Forma Net Operating Earnings
(Amounts in millions, except per share data)

 	  	Three months ended
September 30,
	 	 	Nine months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	 	2004
	 	 	2003
	 	
Reconciliation of net earnings to pro forma net operating earnings	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Net earnings	  	$	271	 	 	$	173	 	 	$	811	 	 	$	868	 	
Net earnings from discontinued operations, net of taxes	  	 	—  	 	 	 	(10	)	 	 	—  	 	 	 	(186	)	
(Gain) loss on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	67	 	 	 	(7	)	 	 	67	 	
Cumulative effect of accounting change, net of taxes	  	 	—  	 	 	 	—  	 	 	 	(5	)	 	 	—  	 	
 	  				 				 				 				
Net earnings from continuing operations	  	 	271	 	 	 	230	 	 	 	799	 	 	 	749	 	
 	  				 				 				 				
Excluded assets and liabilities (a)	  	 	—  	 	 	 	(2	)	 	 	7	 	 	 	(12	)	
Reinsurance transactions (b)	  	 	2	 	 	 	(7	)	 	 	2	 	 	 	(24	)	
Capital structure and other (c)	  	 	—  	 	 	 	(11	)	 	 	(18	)	 	 	(32	)	
 	  				 				 				 				
Pro forma net earnings from continuing operations	  	 	273	 	 	 	210	 	 	 	790	 	 	 	681	 	
 	  				 				 				 				
Pro forma net realized (gains) losses on investments, net of taxes	  	 	(2	)	 	 	6	 	 	 	(16	)	 	 	7	 	
One-time tax charge relating to initial public offering, net of taxes	  	 	—  	 	 	 	—  	 	 	 	22	 	 	 	—  	 	
 	  				 				 				 				
Pro forma net operating earnings	  	$	271	 	 	$	216	 	 	$	796	 	 	$	688	 	
 	  				 				 				 				
Net earnings per share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	$	0.55	 	 	$	0.35	 	 	$	1.66	 	 	$	1.77	 	
 	  				 				 				 				
Diluted	  	$	0.55	 	 	$	0.35	 	 	$	1.65	 	 	$	1.77	 	
 	  				 				 				 				
Net earnings from continuing operations per share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	$	0.55	 	 	$	0.47	 	 	$	1.63	 	 	$	1.53	 	
 	  				 				 				 				
Diluted	  	$	0.55	 	 	$	0.47	 	 	$	1.63	 	 	$	1.53	 	
 	  				 				 				 				
Pro forma net earnings from continuing operations per share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	$	0.56	 	 	$	0.43	 	 	$	1.61	 	 	$	1.39	 	
 	  				 				 				 				
Diluted	  	$	0.56	 	 	$	0.43	 	 	$	1.61	 	 	$	1.39	 	
 	  				 				 				 				
Pro forma net operating earnings per share	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	$	0.55	 	 	$	0.44	 	 	$	1.63	 	 	$	1.41	 	
 	  				 				 				 				
Diluted	  	$	0.55	 	 	$	0.44	 	 	$	1.62	 	 	$	1.41	 	
 	  				 				 				 				
Shares outstanding	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Basic	  	 	489.6	 	 	 	489.5	 	 	 	489.5	 	 	 	489.5	 	
Diluted	  	 	490.4	 	 	 	489.5	 	 	 	490.4	 	 	 	489.5	 	
 
Note: For a discussion of notes (a), (b), and (c) to these tables see Notes To Pro Forma Financial Information on page 7.
 
6

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Notes to Pro Forma Financial Information
 
(a)	Reflects adjustments to exclude amounts included in the company’s historical combined earnings relating to (1) certain businesses (formerly reported in the company’s Affinity Segment) and certain investment partnerships, which in each case were not transferred to the company, and (2) net realized investment (gains) losses and related tax benefit arising from sales of Affinity segment assets that were reflected in the company’s Corporate and Other Segment.	
 
(b)	Reflects adjustments to record the effects of the reinsurance transactions the company entered into with, and the related contribution the company made to, UFLIC, an indirect subsidiary of GE. As part of these transactions, the company ceded to UFLIC all of its in-force structured settlement contracts, substantially all of its in-force variable annuity contracts, and a block of long-term care insurance policies that it reinsured from Travelers in 2000, and it assumed from UFLIC a block of Medicare supplement insurance, all effective as of January 1, 2004. The unaudited pro forma earnings information gives effect to the reinsurance transactions as if each occurred as of January 1, 2003 and excludes the effects of all ceded reinsured contracts that were issued before January 1, 2003. The company has continued to sell variable annuities and structured settlements after completion of the reinsurance transactions and is retaining that business for its own account, subject to third party insurance in the ordinary course of business.	
 
As a result, the company’s unaudited pro forma combined statement of earnings reflects premiums and fees from these products issued after January 1, 2003, even though variable annuities and structured settlements issued during 2003 are included in the blocks of policies reinsured to UFLIC. The company’s pro forma combined statements of earnings exclude the impact of the entire block of long-term care insurance policies that the company ceded to UFLIC as the company did not issue any new policies for this block in 2003, and the company will not issue any in the future.
 
Under the reinsurance transactions, the company receives an expense allowance to reimburse it for costs it incurs to service the reinsured blocks. Actual costs and expense allowance amounts will be determined by expense studies to be conducted periodically. The pro forma adjustments have been prepared assuming that actual costs incurred during the pro forma periods, as determined under the company’s historical cost structure and allocation methods, were reimbursed by an expense allowance.
 
In addition to investment assets transferred to UFLIC in exchange for a reinsurance recoverable asset from UFLIC, concurrently, the company contributed $1.836 billion of capital to UFLIC which primarily represented the excess statutory capital in the company’s insurance subsidiaries after giving effect to the reinsurance transactions. As a significant portion of the assets transferred and contributed were not owned for the entire period, the pro forma earnings adjustments to reduce net investment income and net realized investment gains were based upon a proportional allocation of investment income from the investment assets historically identified (1) as supporting the blocks of business reinsured for the reinsurance, and (2) as representing surplus of subsidiaries providing assets to be contributed to UFLIC for the contribution.
 
(c)	Reflects adjustments for changes in the company’s capitalization to exclude the impact of commercial paper, short-term borrowings from GE Capital and derivatives that were not transferred to the company in connection with the corporate reorganization and to include the impact of the issuance of $600 million of the company’s 6.00% Equity Units and $100 million of the company’s 5.25% mandatorily redeemable Series A Cumulative Preferred Stock, both of which were completed on May 28, 2004, the issuance of 3, 5, 10 and 30 year notes totaling $1.9 billion which was completed June 15, 2004, and the issuance of $500 million of commercial paper which was completed June 14, 2004, as well as interest expense related to the accretion of the company’s obligation to GE under the Tax Matters Agreement and the tax impacts resulting from these changes in the company’s capitalization.	
 
7

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT

HISTORICAL HIGHLIGHTS

8

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Financial Highlights
(Amounts in millions, except per share data)

 	  	Three months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	
HISTORICAL COMBINED EARNINGS BY SEGMENT	  	 	 	 	 	 	 	 	
Earnings (loss) from continuing operations before income taxes	  	 	 	 	 	 	 	 	
Protection	  	$	216	 	 	$	201	 	
Retirement Income & Investments	  	 	62	 	 	 	44	 	
Mortgage Insurance	  	 	150	 	 	 	123	 	
Corporate and Other	  	 	(21	)	 	 	(50	)	
Affinity	  	 	—  	 	 	 	5	 	
 	  				 				
Total	  	$	407	 	 	$	323	 	
 	  				 				
Net earnings (loss) from continuing operations	  	 	 	 	 	 	 	 	
Protection	  	$	135	 	 	$	130	 	
Retirement Income and Investments	  	 	40	 	 	 	31	 	
Mortgage Insurance	  	 	102	 	 	 	93	 	
Corporate and Other	  	 	(6	)	 	 	(28	)	
Affinity	  	 	—  	 	 	 	4	 	
 	  				 				
Total	  	 	271	 	 	 	230	 	
 	  				 				
Net earnings from discontinued operations, net of taxes	  	 	—  	 	 	 	10	 	
Gain on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	(67	)	
Cumulative effect of accounting changes, net of taxes	  	 	—  	 	 	 	—  	 	
 	  				 				
Net Earnings	  	$	271	 	 	$	173	 	

 	  	Three months ended
September 30,
	 	
EARNINGS PER SHARE
	  	2004
	 	 	2003
	 	
Basic EPS	  	 	 	 	 	 	 	 	
Net earnings from continuing operations	  	$	0.55	 	 	$	0.47	 	
Net earnings from discontinued operations, net of taxes	  	 	—  	 	 	 	0.02	 	
Gain on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	(0.14	)	
Cumulative effect of accounting changes, net of taxes	  	 	—  	 	 	 	—  	 	
 	  				 				
Basic earnings per share	  	$	0.55	 	 	$	0.35	 	
 	  				 				
Diluted EPS	  	 	 	 	 	 	 	 	
Net earnings from continuing operations	  	$	0.55	 	 	$	0.47	 	
Net earnings from discontinued operations, net of taxes	  	 	—  	 	 	 	0.02	 	
Gain on sale of discontinued operations, net of taxes	  	 	—  	 	 	 	(0.14	)	
Cumulative effect of accounting changes, net of taxes	  	 	—  	 	 	 	—  	 	
 	  				 				
Diluted earnings per share	  	$	0.55	 	 	$	0.35	 	
 	  				 				
Shares outstanding (millions)	  	 	 	 	 	 	 	 	
Basic	  	 	489.6	 	 	 	489.5	 	
Diluted	  	 	490.4	 	 	 	489.5	 	
 
9

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Financial Highlights
(Amounts in millions, except per share data)

 	  	Nine months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	
HISTORICAL COMBINED EARNINGS BY SEGMENT	  	 	 	 	 	 	 	 	
Earnings (loss) from continuing operations before income taxes	  	 	 	 	 	 	 	 	
Protection	  	$	616	 	 	$	602	 	
Retirement Income & Investments	  	 	183	 	 	 	191	 	
Mortgage Insurance	  	 	461	 	 	 	400	 	
Corporate and Other	  	 	(5	)	 	 	(145	)	
Affinity	  	 	(32	)	 	 	23	 	
 	  				 				
Total	  	$	1,223	 	 	$	1,071	 	
 	  				 				
Net earnings (loss) from continuing operations	  	 	 	 	 	 	 	 	
Protection	  	$	388	 	 	$	392	 	
Retirement Income and Investments	  	 	118	 	 	 	128	 	
Mortgage Insurance	  	 	319	 	 	 	292	 	
Corporate and Other	  	 	(12	)	 	 	(78	)	
Affinity	  	 	(14	)	 	 	15	 	
 	  				 				
Total	  	 	799	 	 	 	749	 	
 	  				 				
Net earnings from discontinued operations, net of taxes	  	 	—  	 	 	 	186	 	
Gain on sale of discontinued operations, net of taxes	  	 	7	 	 	 	(67	)	
Cumulative effect of accounting changes, net of taxes	  	 	5	 	 	 	—  	 	
 	  				 				
Net Earnings	  	$	811	 	 	$	868	 	

 	  	Nine months ended
September 30,
	 	
EARNINGS PER SHARE
	  	2004
	 	 	2003
	 	
Basic EPS	  	 	 	 	 	 	 	 	
Net earnings from continuing operations	  	$	1.63	 	 	$	1.53	 	
Net earnings from discontinued operations, net of taxes	  	 	—  	 	 	 	0.38	 	
Gain on sale of discontinued operations, net of taxes	  	 	0.01	 	 	 	(0.14	)	
Cumulative effect of accounting changes, net of taxes	  	 	0.01	 	 	 	—  	 	
 	  				 				
Basic earnings per share	  	$	1.66	 	 	$	1.77	 	
 	  				 				
Diluted EPS	  	 	 	 	 	 	 	 	
Net earnings from continuing operations	  	$	1.63	 	 	$	1.53	 	
Net earnings from discontinued operations, net of taxes	  	 	—  	 	 	 	0.38	 	
Gain on sale of discontinued operations, net of taxes	  	 	0.01	 	 	 	(0.14	)	
Cumulative effect of accounting changes, net of taxes	  	 	0.01	 	 	 	—  	 	
 	  				 				
Diluted earnings per share	  	$	1.65	 	 	$	1.77	 	
 	  				 				
Shares outstanding (millions)	  	 	 	 	 	 	 	 	
Basic	  	 	489.5	 	 	 	489.5	 	
Diluted	  	 	490.4	 	 	 	489.5	 	
 
10

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Combined Earnings From Continuing Operations
(Dollar amounts in millions)

 	  	Three months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	
REVENUES:	  	 	 	 	 	 	 	 	
Premiums	  	$	1,523	 	 	$	1,664	 	
Net investment income	  	 	785	 	 	 	1,033	 	
Net realized investment gains (losses)	  	 	3	 	 	 	(13	)	
Policy fees and other income	  	 	159	 	 	 	232	 	
 	  				 				
Total revenues	  	 	2,470	 	 	 	2,916	 	
 	  				 				
BENEFITS AND EXPENSES:	  	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	1,034	 	 	 	1,345	 	
Interest credited	  	 	328	 	 	 	407	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	399	 	 	 	525	 	
Amortization of deferred acquisition costs and intangibles	  	 	242	 	 	 	276	 	
Interest expense	  	 	60	 	 	 	40	 	
 	  				 				
Total benefits and expenses	  	 	2,063	 	 	 	2,593	 	
 	  				 				
EARNINGS FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	407	 	 	 	323	 	
Provision for income taxes	  	 	136	 	 	 	93	 	
Effective tax rate	  	 	33	%	 	 	29	%	
 	  				 				
NET EARNINGS FROM CONTINUING OPERATIONS 
BEFORE ACCOUNTING CHANGE	  	$	271	 	 	$	230	 	

11

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Combined Earnings From Continuing Operations
(Dollar amounts in millions)

 	  	Nine months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	
REVENUES:	  	 	 	 	 	 	 	 	
Premiums	  	$	4,953	 	 	$	4,941	 	
Net investment income	  	 	2,823	 	 	 	3,020	 	
Net realized investment gains (losses)	  	 	27	 	 	 	(29	)	
Policy fees and other income	  	 	612	 	 	 	685	 	
 	  				 				
Total revenues	  	 	8,415	 	 	 	8,617	 	
 	  				 				
BENEFITS AND EXPENSES:	  	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	3,675	 	 	 	3,806	 	
Interest credited	  	 	1,088	 	 	 	1,222	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	1,383	 	 	 	1,489	 	
Amortization of deferred acquisition costs and intangibles	  	 	892	 	 	 	935	 	
Interest expense	  	 	154	 	 	 	94	 	
 	  				 				
Total benefits and expenses	  	 	7,192	 	 	 	7,546	 	
 	  				 				
EARNINGS FROM CONTINUING OPERATIONS 
BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	1,223	 	 	 	1,071	 	
Provision for income taxes	  	 	424	 	 	 	322	 	
Effective tax rate	  	 	35	%	 	 	30	%	
 	  				 				
NET EARNINGS FROM CONTINUING OPERATIONS 
BEFORE ACCOUNTING CHANGE	  	$	799	 	 	$	749	 	

12

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Combined Statement of Financial Position
(Dollar amounts in millions) 

 	  	September 30, 2004
	  	December 31, 2003
	 	
ASSETS	  	 	 	  	 	 	 	
Investments:	  	 	 	  	 	 	 	
Fixed maturities available-for-sale, at fair value	  	$	50,829	  	$	65,485	 	
Equity securities available-for-sale, at fair value	  	 	360	  	 	600	 	
Mortgage and other loans, net of valuation allowance of $50 and $50	  	 	5,877	  	 	6,114	 	
Policy loans	  	 	1,215	  	 	1,105	 	
Short term investments	  	 	1,269	  	 	531	 	
Restricted investments held by securitization entities	  	 	925	  	 	1,069	 	
Other invested assets	  	 	4,299	  	 	3,789	 	
 	  			  				
Total investments	  	 	64,774	  	 	78,693	 	
			
Cash and cash equivalents	  	 	1,398	  	 	1,982	 	
Accrued investment income	  	 	735	  	 	970	 	
Deferred acquisition costs	  	 	4,867	  	 	5,788	 	
Intangible assets	  	 	793	  	 	1,346	 	
Goodwill	  	 	1,456	  	 	1,728	 	
Reinsurance recoverable	  	 	18,475	  	 	2,334	 	
Other assets ($47 and $65 restricted in securitization entities)	  	 	1,298	  	 	2,346	 	
Separate account assets	  	 	8,278	  	 	8,244	 	
 	  			  				
Total assets	  	$	102,074	  	$	103,431	 	
 	  			  				
LIABILITIES AND STOCKHOLDERS’ INTEREST	  	 	 	  	 	 	 	
Liabilities:	  	 	 	  	 	 	 	
Future annuity and contract benefits	  	$	60,716	  	$	59,257	 	
Liability for policy and contract claims	  	 	3,251	  	 	3,207	 	
Unearned premiums	  	 	3,306	  	 	3,616	 	
Other policyholder liabilities	  	 	717	  	 	465	 	
Other liabilities ($29 and $59 restricted in securitization entities)	  	 	8,307	  	 	7,051	 	
Non-recourse funding obligations	  	 	600	  	 	600	 	
Short-term borrowings	  	 	499	  	 	2,239	 	
Long-term borrowings	  	 	2,415	  	 	529	 	
Senior notes underlying equity units	  	 	600	  	 	—  	 	
Preferred stock	  	 	100	  	 	—  	 	
Deferred tax liability	  	 	196	  	 	1,405	 	
Borrowings related to securitization entities	  	 	903	  	 	1,018	 	
Separate account liabilities	  	 	8,278	  	 	8,244	 	
 	  			  				
Total liabilities	  	 	89,888	  	 	87,631	 	
			
Stockholders’ interest:	  	 	 	  	 	 	 	
Common stock	  	 	—  	  	 	—  	 	
Paid-in capital	  	 	10,609	  	 	8,377	 	
Accumulated nonowner changes in stockholders’ interest:	  	 	 	  	 	 	 	
Net unrealized investment gains	  	 	923	  	 	1,518	 	
Derivatives qualifying as hedges	  	 	168	  	 	(5	)	
Foreign currency translation adjustments	  	 	155	  	 	159	 	
 	  			  				
Total accumulated nonowner changes in stockholders’ interest	  	 	1,246	  	 	1,672	 	
Retained earnings	  	 	331	  	 	5,751	 	
 	  			  				
Total stockholders’ interest	  	 	12,186	  	 	15,800	 	
 	  			  				
Total liabilities and stockholders’ interest	  	$	102,074	  	$	103,431	 	

13

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT

PRO FORMA HIGHLIGHTS

14

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Financial Highlights
(Amounts in millions, except per share data)

 	  	Three months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	
PRO FORMA EARNINGS BY SEGMENT	  	 	 	 	 	 	 	 	
Earnings (loss) from continuing operations before income taxes	  	 	 	 	 	 	 	 	
Protection	  	$	216	 	 	$	205	 	
Retirement Income & Investments	  	 	66	 	 	 	20	 	
Mortgage Insurance	  	 	150	 	 	 	123	 	
Corporate and Other	  	 	(21	)	 	 	(55	)	
 	  				 				
Total	  	$	411	 	 	$	293	 	
 	  				 				
Net earnings (loss) from continuing operations	  	 	 	 	 	 	 	 	
Protection	  	$	135	 	 	$	132	 	
Retirement Income and Investments	  	 	42	 	 	 	15	 	
Mortgage Insurance	  	 	102	 	 	 	93	 	
Corporate and Other	  	 	(6	)	 	 	(30	)	
 	  				 				
Total	  	$	273	 	 	$	210	 	
 	  				 				
Net operating earnings (loss)	  	 	 	 	 	 	 	 	
Protection	  	$	135	 	 	$	132	 	
Retirement Income and Investments	  	 	42	 	 	 	15	 	
Mortgage Insurance	  	 	102	 	 	 	93	 	
Corporate and Other (see reconciliation below)	  	 	(8	)	 	 	(24	)	
 	  				 				
Total	  	$	271	 	 	$	216	 	

 	  	As of or for the three months
ended September 30,
	 	
 	  	2004
	 	 	2003
	 	
PRO FORMA EARNINGS PER SHARE	  	 	 	 	 	 	 	 	
Basic EPS	  	 	 	 	 	 	 	 	
Net earnings from continuing operations per share	  	$	0.56	 	 	$	0.43	 	
Net operating earnings per share	  	$	0.55	 	 	$	0.44	 	
			
Diluted EPS	  	 	 	 	 	 	 	 	
Net earnings from continuing operations per share	  	$	0.56	 	 	$	0.43	 	
Net operating earnings per share	  	$	0.55	 	 	$	0.44	 	
			
Shares outstanding (millions)	  	 	 	 	 	 	 	 	
Basic	  	 	489.6	 	 	 	489.5	 	
Diluted	  	 	490.4	 	 	 	489.5	 	

		
 	  	Three months ended
September 30,
	 	
Reconciliation of Corporate and Other segment net loss to pro forma net operating loss	  	2004
	 	 	2003
	 	
Segment net loss	  	$	(6	)	 	$	(28	)	
Excluded assets and liabilities (a)	  	 	—  	 	 	 	—  	 	
Reinsurance transactions (b)	  	 	—  	 	 	 	9	 	
Capital structure and other (c)	  	 	—  	 	 	 	(11	)	
 	  				 				
Pro forma net loss from continuing operations	  	 	(6	)	 	 	(30	)	
 	  				 				
Net realized (gains) losses on investments, net of taxes	  	 	(2	)	 	 	6	 	
One-time tax charge relating to initial public offering	  	 	—  	 	 	 	—  	 	
 	  				 				
Pro forma net operating loss	  	$	(8	)	 	$	(24	)	

Note: For a discussion of notes (a), (b), and (c) to these tables see Notes To Pro Forma Financial Information on page 7.
 
15

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Financial Highlights
(Amounts in millions, except per share data)

 	  	Nine months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	
PRO FORMA EARNINGS BY SEGMENT	  	 	 	 	 	 	 	 	
Earnings (loss) before income taxes	  	 	 	 	 	 	 	 	
Protection	  	$	614	 	 	$	593	 	
Retirement Income & Investments	  	 	185	 	 	 	120	 	
Mortgage Insurance	  	 	461	 	 	 	400	 	
Corporate and Other	  	 	(42	)	 	 	(150	)	
 	  				 				
Total earnings (loss) before income taxes	  	$	1,218	 	 	$	963	 	
 	  				 				
Segment net earnings (loss)	  	 	 	 	 	 	 	 	
Protection	  	$	387	 	 	$	385	 	
Retirement Income and Investments	  	 	119	 	 	 	81	 	
Mortgage Insurance	  	 	319	 	 	 	292	 	
Corporate and Other	  	 	(35	)	 	 	(77	)	
 	  				 				
Total segment net earnings (loss)	  	$	790	 	 	$	681	 	
 	  				 				
Net operating earnings (loss)	  	 	 	 	 	 	 	 	
Protection	  	$	387	 	 	$	385	 	
Retirement Income and Investments	  	 	119	 	 	 	81	 	
Mortgage Insurance	  	 	319	 	 	 	292	 	
Corporate and Other (see reconciliation below)	  	 	(29	)	 	 	(70	)	
 	  				 				
Total	  	$	796	 	 	$	688	 	

 	  	As of or for the nine months
ended September 30,
	 	
 	  	2004
	 	 	2003
	 	
PRO FORMA EARNINGS PER SHARE	  	 	 	 	 	 	 	 	
Basic EPS	  	 	 	 	 	 	 	 	
Net earnings from continuing operations per share	  	$	1.61	 	 	$	1.39	 	
Net operating earnings per share	  	$	1.63	 	 	$	1.41	 	
			
Diluted EPS	  	 	 	 	 	 	 	 	
Net earnings from continuing operations per share	  	$	1.61	 	 	$	1.39	 	
Net operating earnings per share	  	$	1.62	 	 	$	1.41	 	
			
Shares outstanding (millions)	  	 	 	 	 	 	 	 	
Basic	  	 	489.5	 	 	 	489.5	 	
Diluted	  	 	490.4	 	 	 	489.5	 	
		
 	  	Nine months ended
September 30,
	 	
Reconciliation of Corporate and Other segment net loss to pro forma net operating loss	  	2004
	 	 	2003
	 	
Segment net loss	  	$	(12	)	 	$	(78	)	
Excluded assets and liabilities (a)	  	 	(5	)	 	 	1	 	
Reinsurance transactions (b)	  	 	—  	 	 	 	32	 	
Capital structure and other (c)	  	 	(18	)	 	 	(32	)	
 	  				 				
Pro forma net loss from continuing operations	  	 	(35	)	 	 	(77	)	
 	  				 				
Net realized (gains) losses on investments, net of taxes	  	 	(16	)	 	 	7	 	
One-time tax charge relating to initial public offering	  	 	22	 	 	 	—  	 	
 	  				 				
Pro forma net operating loss	  	$	(29	)	 	$	(70	)	

Note: For a discussion of notes (a), (b), and (c) to these tables see Notes To Pro Forma Financial Information on page 7.
 
16

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Earnings From Continuing Operations
(Dollar amounts in millions)

 	  	Three months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	
REVENUES:	  	 	 	 	 	 	 	 	
Premiums	  	$	1,523	 	 	$	1,547	 	
Net investment income	  	 	806	 	 	 	764	 	
Net realized investment gains (losses)	  	 	3	 	 	 	(9	)	
Policy fees and other income	  	 	161	 	 	 	134	 	
 	  				 				
Total revenues	  	 	2,493	 	 	 	2,436	 	
 	  				 				
BENEFITS AND EXPENSES:	  	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	1,041	 	 	 	1,079	 	
Interest credited	  	 	336	 	 	 	340	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	401	 	 	 	441	 	
Amortization of deferred acquisition costs and intangibles	  	 	244	 	 	 	226	 	
Interest expense	  	 	60	 	 	 	57	 	
 	  				 				
Total benefits and expenses	  	 	2,082	 	 	 	2,143	 	
 	  				 				
EARNINGS FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	411	 	 	 	293	 	
Provision for income taxes	  	 	138	 	 	 	83	 	
Effective tax rate	  	 	34	%	 	 	28	%	
 	  				 				
NET EARNINGS FROM CONTINUING OPERATIONS
BEFORE ACCOUNTING CHANGE	  	$	273	 	 	$	210	 	

17

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Earnings From Continuing Operations
(Dollar amounts in millions)

 	  	Nine months ended
September 30,
	 	
 	  	2004
	 	 	2003
	 	
REVENUES:	  	 	 	 	 	 	 	 	
Premiums	  	$	4,782	 	 	$	4,605	 	
Net investment income	  	 	2,393	 	 	 	2,207	 	
Net realized investment gains (losses)	  	 	24	 	 	 	(11	)	
Policy fees and other income	  	 	461	 	 	 	395	 	
 	  				 				
Total revenues	  	 	7,660	 	 	 	7,196	 	
 	  				 				
BENEFITS AND EXPENSES:	  	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	3,230	 	 	 	3,045	 	
Interest credited	  	 	1,000	 	 	 	1,023	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	1,235	 	 	 	1,231	 	
Amortization of deferred acquisition costs and intangibles	  	 	797	 	 	 	790	 	
Interest expense	  	 	180	 	 	 	144	 	
 	  				 				
Total benefits and expenses	  	 	6,442	 	 	 	6,233	 	
 	  				 				
EARNINGS FROM CONTINUING OPERATIONS
BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	1,218	 	 	 	963	 	
Provision for income taxes	  	 	428	 	 	 	282	 	
Effective tax rate	  	 	35	%	 	 	29	%	
 	  				 				
NET EARNINGS FROM CONTINUING OPERATIONS
BEFORE ACCOUNTING CHANGE	  	$	790	 	 	$	681	 	

18

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT

ADDITIONAL
PRO FORMA INFORMATION

19

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Statement of Earnings by Segment
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	Protection
Segment
	  	RI&I
Segment
	  	Mortgage
Segment
	  	Corporate
Segment
	 	 	Combined
	 	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	
Premiums	  	$	1,085	  	$	219	  	$	197	  	$	22	 	 	$	1,523	 	
Net investment income	  	 	298	  	 	414	  	 	65	  	 	29	 	 	 	806	 	
Net realized investment gains	  	 	—  	  	 	—  	  	 	—  	  	 	3	 	 	 	3	 	
Policy fees and other income	  	 	91	  	 	54	  	 	10	  	 	6	 	 	 	161	 	
 	  			  			  			  				 				
Total revenues	  	 	1,474	  	 	687	  	 	272	  	 	60	 	 	 	2,493	 	
 	  			  			  			  				 				
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	698	  	 	288	  	 	46	  	 	9	 	 	 	1,041	 	
Interest credited	  	 	91	  	 	245	  	 	—  	  	 	—  	 	 	 	336	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	267	  	 	61	  	 	64	  	 	9	 	 	 	401	 	
Amortization of deferred acquisition costs and intangibles	  	 	198	  	 	27	  	 	12	  	 	7	 	 	 	244	 	
Interest expense	  	 	4	  	 	—  	  	 	—  	  	 	56	 	 	 	60	 	
 	  			  			  			  				 				
Total benefits and expenses	  	 	1,258	  	 	621	  	 	122	  	 	81	 	 	 	2,082	 	
 	  			  			  			  				 				
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	216	  	 	66	  	 	150	  	 	(21	)	 	 	411	 	
 	  			  			  			  				 				
Provision for income taxes	  	 	81	  	 	24	  	 	48	  	 	(15	)	 	 	138	 	
 	  			  			  			  				 				
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	  	 	135	  	 	42	  	 	102	  	 	(6	)	 	 	273	 	
 	  			  			  			  				 				
Net realized investment gains on investments, net of tax	  	 	—  	  	 	—  	  	 	—  	  	 	(2	)	 	 	(2	)	
 	  			  			  			  				 				
NET OPERATING EARNINGS (LOSS)	  	$	135	  	$	42	  	$	102	  	$	(8	)	 	$	271	 	

Three months ended September 30, 2003 
	  	Protection
Segment
	  	RI&I
Segment
	  	Mortgage
Segment
	  	Corporate
Segment
	 	 	Combined
	 	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	
Premiums	  	$	1,099	  	$	237	  	$	182	  	$	29	 	 	$	1,547	 	
Net investment income	  	 	277	  	 	381	  	 	56	  	 	50	 	 	 	764	 	
Net realized investment gains	  	 	—  	  	 	—  	  	 	—  	  	 	(9	)	 	 	(9	)	
Policy fees and other income	  	 	90	  	 	29	  	 	13	  	 	2	 	 	 	134	 	
 	  			  			  			  				 				
Total revenues	  	 	1,466	  	 	647	  	 	251	  	 	72	 	 	 	2,436	 	
 	  			  			  			  				 				
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	707	  	 	316	  	 	44	  	 	12	 	 	 	1,079	 	
Interest credited	  	 	92	  	 	248	  	 	—  	  	 	—  	 	 	 	340	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	280	  	 	33	  	 	74	  	 	54	 	 	 	441	 	
Amortization of deferred acquisition costs and intangibles	  	 	181	  	 	30	  	 	10	  	 	5	 	 	 	226	 	
Interest expense	  	 	1	  	 	—  	  	 	—  	  	 	56	 	 	 	57	 	
 	  			  			  			  				 				
Total benefits and expenses	  	 	1,261	  	 	627	  	 	128	  	 	127	 	 	 	2,143	 	
 	  			  			  			  				 				
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	205	  	 	20	  	 	123	  	 	(55	)	 	 	293	 	
 	  			  			  			  				 				
Provision for income taxes	  	 	73	  	 	5	  	 	30	  	 	(25	)	 	 	83	 	
 	  			  			  			  				 				
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	  	 	132	  	 	15	  	 	93	  	 	(30	)	 	 	210	 	
 	  			  			  			  				 				
Net realized investment gains on investments, net of tax	  	 	—  	  	 	—  	  	 	—  	  	 	6	 	 	 	6	 	
 	  			  			  			  				 				
NET OPERATING EARNINGS (LOSS)	  	$	132	  	$	15	  	$	93	  	$	(24	)	 	$	216	 	

20

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Statement of Earnings by Segment
(Dollar amounts in millions)

Nine months ended September 30, 2004 
	  	Protection
Segment
	  	RI&I
Segment
	  	Mortgage
Segment
	  	Corporate
Segment
	 	 	Combined
	 	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	
Premiums	  	$	3,304	  	$	817	  	$	587	  	$	74	 	 	$	4,782	 	
Net investment income	  	 	867	  	 	1,223	  	 	186	  	 	117	 	 	 	2,393	 	
Net realized investment gains	  	 	—  	  	 	—  	  	 	—  	  	 	24	 	 	 	24	 	
Policy fees and other income	  	 	257	  	 	166	  	 	28	  	 	10	 	 	 	461	 	
 	  			  			  			  				 				
Total revenues	  	 	4,428	  	 	2,206	  	 	801	  	 	225	 	 	 	7,660	 	
 	  			  			  			  				 				
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	2,083	  	 	1,008	  	 	112	  	 	27	 	 	 	3,230	 	
Interest credited	  	 	271	  	 	729	  	 	—  	  	 	—  	 	 	 	1,000	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	798	  	 	188	  	 	193	  	 	56	 	 	 	1,235	 	
Amortization of deferred acquisition costs and intangibles	  	 	653	  	 	95	  	 	35	  	 	14	 	 	 	797	 	
Interest expense	  	 	9	  	 	1	  	 	—  	  	 	170	 	 	 	180	 	
 	  			  			  			  				 				
Total benefits and expenses	  	 	3,814	  	 	2,021	  	 	340	  	 	267	 	 	 	6,442	 	
 	  			  			  			  				 				
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	614	  	 	185	  	 	461	  	 	(42	)	 	 	1,218	 	
 	  			  			  			  				 				
Provision for income taxes	  	 	227	  	 	66	  	 	142	  	 	(7	)	 	 	428	 	
 	  			  			  			  				 				
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	  	 	387	  	 	119	  	 	319	  	 	(35	)	 	 	790	 	
 	  			  			  			  				 				
Net realized investment gains on investments, net of tax	  	 	—  	  	 	—  	  	 	—  	  	 	(16	)	 	 	(16	)	
 	  			  			  			  				 				
One-time tax charge relating to initial public offering	  	 	—  	  	 	—  	  	 	—  	  	 	22	 	 	 	22	 	
 	  			  			  			  				 				
NET OPERATING EARNINGS (LOSS)	  	$	387	  	$	119	  	$	319	  	$	(29	)	 	$	796	 	

Nine months ended September 30, 2003 
	  	Protection
Segment
	  	RI&I
Segment
	  	Mortgage
Segment
	  	Corporate
Segment
	 	 	Combined
	 	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	
Premiums	  	$	3,258	  	$	746	  	$	522	  	$	79	 	 	$	4,605	 	
Net investment income	  	 	819	  	 	1,169	  	 	160	  	 	59	 	 	 	2,207	 	
Net realized investment gains	  	 	—  	  	 	—  	  	 	—  	  	 	(11	)	 	 	(11	)	
Policy fees and other income	  	 	262	  	 	89	  	 	38	  	 	6	 	 	 	395	 	
 	  			  			  			  				 				
Total revenues	  	 	4,339	  	 	2,004	  	 	720	  	 	133	 	 	 	7,196	 	
 	  			  			  			  				 				
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	2,008	  	 	935	  	 	69	  	 	33	 	 	 	3,045	 	
Interest credited	  	 	275	  	 	748	  	 	—  	  	 	—  	 	 	 	1,023	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	785	  	 	125	  	 	225	  	 	96	 	 	 	1,231	 	
Amortization of deferred acquisition costs and intangibles	  	 	677	  	 	76	  	 	26	  	 	11	 	 	 	790	 	
Interest expense	  	 	1	  	 	—  	  	 	—  	  	 	143	 	 	 	144	 	
 	  			  			  			  				 				
Total benefits and expenses	  	 	3,746	  	 	1,884	  	 	320	  	 	283	 	 	 	6,233	 	
 	  			  			  			  				 				
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	593	  	 	120	  	 	400	  	 	(150	)	 	 	963	 	
 	  			  			  			  				 				
Provision for income taxes	  	 	208	  	 	39	  	 	108	  	 	(73	)	 	 	282	 	
 	  			  			  			  				 				
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	  	 	385	  	 	81	  	 	292	  	 	(77	)	 	 	681	 	
 	  			  			  			  				 				
Net realized investment gains on investments, net of tax	  	 	—  	  	 	—  	  	 	—  	  	 	7	 	 	 	7	 	
 	  			  			  			  				 				
NET OPERATING EARNINGS (LOSS)	  	$	385	  	$	81	  	$	292	  	$	(70	)	 	$	688	 	

21

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Protection
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	Life
	  	Long Term
Care
	  	Payment
Protection Ins.
	  	Group
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	190	  	$	403	  	$	336	  	$	156	  	$	1,085	
Net investment income	  	 	111	  	 	149	  	 	27	  	 	11	  	 	298	
Policy fees and other income	  	 	79	  	 	3	  	 	4	  	 	5	  	 	91	
 	  			  			  			  			  			
Total revenues	  	 	380	  	 	555	  	 	367	  	 	172	  	 	1,474	
 	  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	161	  	 	369	  	 	67	  	 	101	  	 	698	
Interest credited	  	 	59	  	 	31	  	 	—  	  	 	1	  	 	91	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	30	  	 	59	  	 	133	  	 	45	  	 	267	
Amortization of deferred acquisition costs and intangibles	  	 	29	  	 	29	  	 	131	  	 	9	  	 	198	
Interest expense	  	 	4	  	 	—  	  	 	—  	  	 	—  	  	 	4	
 	  			  			  			  			  			
Total benefits and expenses	  	 	283	  	 	488	  	 	331	  	 	156	  	 	1,258	
 	  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	97	  	 	67	  	 	36	  	 	16	  	 	216	
 	  			  			  			  			  			
Provision for income taxes	  	 	36	  	 	24	  	 	15	  	 	6	  	 	81	
 	  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	61	  	$	43	  	$	21	  	$	10	  	$	135	

Three months ended September 30, 2003 
	  	Life
	  	Long Term
Care
	  	Payment
Protection Ins.
	  	Group
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	175	  	$	403	  	$	374	  	$	147	  	$	1,099	
Net investment income	  	 	106	  	 	133	  	 	28	  	 	10	  	 	277	
Policy fees and other income	  	 	79	  	 	—  	  	 	4	  	 	7	  	 	90	
 	  			  			  			  			  			
Total revenues	  	 	360	  	 	536	  	 	406	  	 	164	  	 	1,466	
 	  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	139	  	 	373	  	 	101	  	 	94	  	 	707	
Interest credited	  	 	64	  	 	28	  	 	—  	  	 	—  	  	 	92	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	42	  	 	57	  	 	138	  	 	43	  	 	280	
Amortization of deferred acquisition costs and intangibles	  	 	31	  	 	12	  	 	131	  	 	7	  	 	181	
Interest expense	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	1	
 	  			  			  			  			  			
Total benefits and expenses	  	 	277	  	 	470	  	 	370	  	 	144	  	 	1,261	
 	  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	83	  	 	66	  	 	36	  	 	20	  	 	205	
 	  			  			  			  			  			
Provision for income taxes	  	 	31	  	 	24	  	 	11	  	 	7	  	 	73	
 	  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	52	  	$	42	  	$	25	  	$	13	  	$	132	

Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
22

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Protection
(Dollar amounts in millions)

Nine months ended September 30, 2004 
	  	Life
	  	Long Term
Care
	  	Payment
Protection
	  	Group
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	567	  	$	1,193	  	$	1,080	  	$	464	  	$	3,304	
Net investment income	  	 	329	  	 	427	  	 	79	  	 	32	  	 	867	
Policy fees and other income	  	 	222	  	 	6	  	 	14	  	 	15	  	 	257	
 	  			  			  			  			  			
Total revenues	  	 	1,118	  	 	1,626	  	 	1,173	  	 	511	  	 	4,428	
 	  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	467	  	 	1,085	  	 	212	  	 	319	  	 	2,083	
Interest credited	  	 	182	  	 	88	  	 	—  	  	 	1	  	 	271	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	90	  	 	194	  	 	387	  	 	127	  	 	798	
Amortization of deferred acquisition costs and intangibles	  	 	88	  	 	64	  	 	476	  	 	25	  	 	653	
Interest expense	  	 	9	  	 	—  	  	 	—  	  	 	—  	  	 	9	
 	  			  			  			  			  			
Total benefits and expenses	  	 	836	  	 	1,431	  	 	1,075	  	 	472	  	 	3,814	
 	  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	282	  	 	195	  	 	98	  	 	39	  	 	614	
 	  			  			  			  			  			
Provision for income taxes	  	 	104	  	 	70	  	 	39	  	 	14	  	 	227	
 	  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	178	  	$	125	  	$	59	  	$	25	  	$	387	

Nine months ended September 30, 2003 
	  	Life
	  	Long Term
Care
	  	Payment
Protection
	  	Group
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	521	  	$	1,152	  	$	1,130	  	$	455	  	$	3,258	
Net investment income	  	 	330	  	 	382	  	 	76	  	 	31	  	 	819	
Policy fees and other income	  	 	224	  	 	8	  	 	7	  	 	23	  	 	262	
 	  			  			  			  			  			
Total revenues	  	 	1,075	  	 	1,542	  	 	1,213	  	 	509	  	 	4,339	
 	  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	395	  	 	1,037	  	 	270	  	 	306	  	 	2,008	
Interest credited	  	 	194	  	 	81	  	 	—  	  	 	—  	  	 	275	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	111	  	 	190	  	 	358	  	 	126	  	 	785	
Amortization of deferred acquisition costs and intangibles	  	 	119	  	 	47	  	 	491	  	 	20	  	 	677	
Interest expense	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	1	
 	  			  			  			  			  			
Total benefits and expenses	  	 	820	  	 	1,355	  	 	1,119	  	 	452	  	 	3,746	
 	  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	255	  	 	187	  	 	94	  	 	57	  	 	593	
 	  			  			  			  			  			
Provision for income taxes	  	 	94	  	 	69	  	 	25	  	 	20	  	 	208	
 	  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	161	  	$	118	  	$	69	  	$	37	  	$	385	

Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
23

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Retirement Income and Investments
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	Spread Based
Retail
Products
	  	Fee Based
Products
	 	 	Spread Based
Institutional
Products
	  	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	219	  	$	 —  	 	 	$	 —  	  	$	219	
Net investment income	  	 	324	  	 	12	 	 	 	78	  	 	414	
Policy fees and other income	  	 	3	  	 	51	 	 	 	—  	  	 	54	
 	  			  				 			  			
Total revenues	  	 	546	  	 	63	 	 	 	78	  	 	687	
 	  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	286	  	 	2	 	 	 	—  	  	 	288	
Interest credited	  	 	165	  	 	9	 	 	 	71	  	 	245	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	30	  	 	30	 	 	 	1	  	 	61	
Amortization of deferred acquisition costs and intangibles	  	 	23	  	 	4	 	 	 	—  	  	 	27	
Interest expense	  	 	1	  	 	(1	)	 	 	—  	  	 	—  	
 	  			  				 			  			
Total benefits and expenses	  	 	505	  	 	44	 	 	 	72	  	 	621	
 	  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	41	  	 	19	 	 	 	6	  	 	66	
 	  			  				 			  			
Provision for income taxes	  	 	15	  	 	7	 	 	 	2	  	 	24	
 	  			  				 			  			
SEGMENT NET EARNINGS	  	$	26	  	$	12	 	 	$	4	  	$	42	

Three months ended September 30, 2003 
	  	Spread Based
Retail
Products
	  	Fee Based
Products
	 	 	Spread Based
Institutional
Products
	  	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	237	  	$	—  	 	 	$	—  	  	$	237	
Net investment income	  	 	288	  	 	11	 	 	 	82	  	 	381	
Policy fees and other income	  	 	3	  	 	26	 	 	 	—  	  	 	29	
 	  			  				 			  			
Total revenues	  	 	528	  	 	37	 	 	 	82	  	 	647	
 	  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	301	  	 	15	 	 	 	—  	  	 	316	
Interest credited	  	 	167	  	 	8	 	 	 	73	  	 	248	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	26	  	 	6	 	 	 	1	  	 	33	
Amortization of deferred acquisition costs and intangibles	  	 	25	  	 	5	 	 	 	—  	  	 	30	
Interest expense	  	 	—  	  	 	—  	 	 	 	—  	  	 	—  	
 	  			  				 			  			
Total benefits and expenses	  	 	519	  	 	34	 	 	 	74	  	 	627	
 	  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	9	  	 	3	 	 	 	8	  	 	20	
 	  			  				 			  			
Provision for income taxes	  	 	3	  	 	(1	)	 	 	3	  	 	5	
 	  			  				 			  			
SEGMENT NET EARNINGS	  	$	6	  	$	4	 	 	$	5	  	$	15	

Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
24

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Retirement Income and Investments
(Dollar amounts in millions) 

Nine months ended September 30, 2004 
	  	Spread Based
Retail
Products
	  	Fee Based
Products
	 	 	Spread Based
Institutional
Products
	  	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	817	  	$	—  	 	 	$	—  	  	$	817	
Net investment income	  	 	953	  	 	32	 	 	 	238	  	 	1,223	
Policy fees and other income	  	 	11	  	 	155	 	 	 	—  	  	 	166	
 	  			  				 			  			
Total revenues	  	 	1,781	  	 	187	 	 	 	238	  	 	2,206	
 	  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	1,004	  	 	4	 	 	 	—  	  	 	1,008	
Interest credited	  	 	500	  	 	25	 	 	 	204	  	 	729	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	94	  	 	91	 	 	 	3	  	 	188	
Amortization of deferred acquisition costs and intangibles	  	 	79	  	 	16	 	 	 	—  	  	 	95	
Interest expense	  	 	1	  	 	—  	 	 	 	—  	  	 	1	
 	  			  				 			  			
Total benefits and expenses	  	 	1,678	  	 	136	 	 	 	207	  	 	2,021	
 	  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	103	  	 	51	 	 	 	31	  	 	185	
 	  			  				 			  			
Provision for income taxes	  	 	38	  	 	17	 	 	 	11	  	 	66	
 	  			  				 			  			
SEGMENT NET EARNINGS	  	$	65	  	$	34	 	 	$	20	  	$	119	

Nine months ended September 30, 2003 
	  	Spread Based
Retail
Products
	  	Fee Based
Products
	 	 	Spread Based
Institutional
Products
	  	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	746	  	$	—  	 	 	$	—  	  	$	746	
Net investment income	  	 	885	  	 	18	 	 	 	266	  	 	1,169	
Policy fees and other income	  	 	10	  	 	79	 	 	 	—  	  	 	89	
 	  			  				 			  			
Total revenues	  	 	1,641	  	 	97	 	 	 	266	  	 	2,004	
 	  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	905	  	 	30	 	 	 	—  	  	 	935	
Interest credited	  	 	511	  	 	12	 	 	 	225	  	 	748	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	81	  	 	42	 	 	 	2	  	 	125	
Amortization of deferred acquisition costs and intangibles	  	 	59	  	 	17	 	 	 	—  	  	 	76	
Interest expense	  	 	—  	  	 	—  	 	 	 	—  	  	 	—  	
 	  			  				 			  			
Total benefits and expenses	  	 	1,556	  	 	101	 	 	 	227	  	 	1,884	
 	  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	85	  	 	(4	)	 	 	39	  	 	120	
 	  			  				 			  			
Provision for income taxes	  	 	33	  	 	(8	)	 	 	14	  	 	39	
 	  			  				 			  			
SEGMENT NET EARNINGS	  	$	52	  	$	4	 	 	$	25	  	$	81	

Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
25

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Mortgage Insurance
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	U. S.
	  	International
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	
Premiums	  	$	113	  	$	84	  	$	197	
Net investment income	  	 	35	  	 	30	  	 	65	
Policy fees and other income	  	 	5	  	 	5	  	 	10	
 	  			  			  			
Total revenues	  	 	153	  	 	119	  	 	272	
 	  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	38	  	 	8	  	 	46	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	40	  	 	24	  	 	64	
Amortization of deferred acquisition costs and intangibles	  	 	7	  	 	5	  	 	12	
 	  			  			  			
Total benefits and expenses	  	 	85	  	 	37	  	 	122	

EARNINGS BEFORE INCOME TAXES	  	 	68	  	 	82	  	 	150	
 	  			  			  			
Provision for income taxes	  	 	16	  	 	32	  	 	48	
 	  			  			  			
SEGMENT NET EARNINGS	  	$	52	  	$	50	  	$	102	

Three months ended September 30, 2003 
	  	U. S.
	  	International
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	
Premiums	  	$	123	  	$	59	  	$	182	
Net investment income	  	 	31	  	 	25	  	 	56	
Policy fees and other income	  	 	9	  	 	4	  	 	13	
 	  			  			  			
Total revenues	  	 	163	  	 	88	  	 	251	
 	  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	38	  	 	6	  	 	44	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	55	  	 	19	  	 	74	
Amortization of deferred acquisition costs and intangibles	  	 	6	  	 	4	  	 	10	
 	  			  			  			
Total benefits and expenses	  	 	99	  	 	29	  	 	128	
 	  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	64	  	 	59	  	 	123	
 	  			  			  			
Provision for income taxes	  	 	13	  	 	17	  	 	30	
 	  			  			  			
SEGMENT NET EARNINGS	  	$	51	  	$	42	  	$	93	

Pro Forma Segment Net Earnings is equivalent to Historical Segment Net Earnings for the Mortgage Insurance Segment.
Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
26

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Mortgage Insurance
(Dollar amounts in millions)

				
 
Nine months ended September 30, 2004 
	  	U. S.
	  	International
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	
Premiums	  	$	348	  	$	239	  	$	587	
Net investment income	  	 	98	  	 	88	  	 	186	
Policy fees and other income	  	 	14	  	 	14	  	 	28	
 	  			  			  			
Total revenues	  	 	460	  	 	341	  	 	801	
 	  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	88	  	 	24	  	 	112	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	124	  	 	69	  	 	193	
Amortization of deferred acquisition costs and intangibles	  	 	21	  	 	14	  	 	35	
 	  			  			  			
Total benefits and expenses	  	 	233	  	 	107	  	 	340	
 	  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	227	  	 	234	  	 	461	
 	  			  			  			
Provision for income taxes	  	 	53	  	 	89	  	 	142	
 	  			  			  			
SEGMENT NET EARNINGS	  	$	174	  	$	145	  	$	319	

Nine months ended September 30, 2003 
	  	U. S.
	  	International
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	
Premiums	  	$	374	  	$	148	  	$	522	
Net investment income	  	 	97	  	 	63	  	 	160	
Policy fees and other income	  	 	30	  	 	8	  	 	38	
 	  			  			  			
Total revenues	  	 	501	  	 	219	  	 	720	
 	  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	57	  	 	12	  	 	69	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	182	  	 	43	  	 	225	
Amortization of deferred acquisition costs and intangibles	  	 	18	  	 	8	  	 	26	
 	  			  			  			
Total benefits and expenses	  	 	257	  	 	63	  	 	320	
 	  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	244	  	 	156	  	 	400	
 	  			  			  			
Provision for income taxes	  	 	58	  	 	50	  	 	108	
 	  			  			  			
SEGMENT NET EARNINGS	  	$	186	  	$	106	  	$	292	

Pro Forma Segment Net Earnings is equivalent to Historical Segment Net Earnings for the Mortgage Insurance Segment.
Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
27

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures - Mortgage Insurance
(Dollar amounts in millions)

 	  	As of or for the three months ended
September 30
	 	
 	  	2004
	 	 	2003
	 	
Primary Insurance in Force	  	 	 	 	 	 	 	 	
U.S. Mortgage Insurance	  	$	112,932	 	 	$	121,008	 	
International Mortgage Insurance	  	 	165,154	 	 	 	117,955	 	
 	  				 				
Total primary insurance in force	  	$	278,086	 	 	$	238,963	 	
 	  				 				
Total Risk in Force	  	 	 	 	 	 	 	 	
U.S. Mortgage Insurance	  	$	24,561	 	 	$	27,589	 	
International Mortgage Insurance	  	 	52,989	 	 	 	36,550	 	
 	  				 				
Total risk in force	  	$	77,550	 	 	$	64,139	 	
 	  				 				
New Insurance Written	  	 	 	 	 	 	 	 	
U.S. Mortgage Insurance	  	$	6,206	 	 	$	17,207	 	
International Mortgage Insurance	  	 	13,163	 	 	 	13,026	 	
 	  				 				
Total new insurance written	  	$	19,369	 	 	$	30,233	 	
 	  				 				
Net Premiums Written	  	 	 	 	 	 	 	 	
U.S. Mortgage Insurance	  	$	111	 	 	$	121	 	
International Mortgage Insurance	  	 	177	 	 	 	151	 	
 	  				 				
Total net premiums written	  	$	288	 	 	$	272	 	
 	  				 				
Loss Ratio	  	 	 	 	 	 	 	 	
U.S. Mortgage Insurance	  	 	33	%	 	 	32	%	
International Mortgage Insurance	  	 	11	%	 	 	8	%	
 	  				 				
Total loss ratio	  	 	24	%	 	 	24	%	
 	  				 				
Expense Ratio	  	 	 	 	 	 	 	 	
U.S. Mortgage Insurance	  	 	42	%	 	 	50	%	
International Mortgage Insurance	  	 	16	%	 	 	15	%	
 	  				 				
Total expense ratio	  	 	26	%	 	 	30	%	

28

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Selected Key Performance Measures - Mortgage Insurance, Domestic Only
(Dollar amounts in millions)

 	  	As of or for the three months ended
September 30
	 	
 	  	2004
	 	 	2003
	 	
New Risk Written	  	 	 	 	 	 	 	 	
Flow	  	$	1,511	 	 	$	3,715	 	
Bulk	  	 	5	 	 	 	18	 	
 	  				 				
Total	  	$	1,516	 	 	$	3,733	 	
 	  				 				
Risk in Force	  	 	 	 	 	 	 	 	
Flow	  	$	23,449	 	 	$	26,047	 	
Bulk	  	 	320	 	 	 	405	 	
 	  				 				
Primary	  	 	23,769	 	 	 	26,452	 	
Pool	  	 	792	 	 	 	1,137	 	
 	  				 				
Total	  	$	24,561	 	 	$	27,589	 	
 	  				 				
Risk in Force by Credit Quality	  	 	 	 	 	 	 	 	
Flow by FICO Scores >619 (%)	  	 	92	%	 	 	92	%	
Flow by FICO Scores 575-619	  	 	6	%	 	 	6	%	
Flow by FICO Scores <575	  	 	2	%	 	 	2	%	
			
Bulk by FICO Scores >619	  	 	89	%	 	 	85	%	
Bulk by FICO Scores 575-619	  	 	6	%	 	 	8	%	
Bulk by FICO Scores <575	  	 	5	%	 	 	7	%	
			
Primary A minus and sub-prime	  	 	9.7	%	 	 	8.8	%	
			
Primary Loans	  	 	 	 	 	 	 	 	
Primary total loans in force	  	 	866,205	 	 	 	958,557	 	
Primary total loans in default	  	 	28,508	 	 	 	31,832	 	
Primary loans total default rate	  	 	3.3	%	 	 	3.3	%	
			
Flow loans in default	  	 	26,592	 	 	 	29,235	 	
Flow loans default rate	  	 	3.5	%	 	 	3.3	%	
			
Bulk loans in default	  	 	1,916	 	 	 	2,597	 	
Bulk loans default rate	  	 	1.7	%	 	 	3.1	%	
			
A minus and sub-prime loans in default	  	 	6,904	 	 	 	6,347	 	
A minus and sub-prime loans default rate	  	 	9.6	%	 	 	8.6	%	
			
Pool Loans	  	 	 	 	 	 	 	 	
Pool loans in default	  	 	796	 	 	 	1,182	 	
Pool loans default rate	  	 	2.8	%	 	 	2.9	%	
			
Claims Paid	  	 	 	 	 	 	 	 	
Primary Claims Paid (includes LAE)	  	 	37.6	 	 	 	29.4	 	
Pool Claims Paid (includes LAE)	  	 	0.6	 	 	 	—  	 	
Primary Average Claim Severity	  	 	91	%	 	 	93	%	
			
Other Measures	  	 	 	 	 	 	 	 	
Persistency	  	 	64	%	 	 	34	%	
Gross written premiums ceded to captives/total gross written premiums	  	 	24	%	 	 	22	%	
 
29

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Corporate and Other
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	Total
	 	
REVENUES	  	 	 	 	
Premiums	  	$	22	 	
Net investment income	  	 	29	 	
Net realized investment gains	  	 	3	 	
Policy fees and other income	  	 	6	 	
 	  				
Total revenues	  	 	60	 	
 	  				
BENEFITS AND EXPENSES	  	 	 	 	
Benefits and other changes in policy reserves	  	 	9	 	
Interest credited	  	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	9	 	
Amortization of deferred acquisition costs and intangibles	  	 	7	 	
Interest expense	  	 	56	 	
 	  				
Total benefits and expenses	  	 	81	 	
 	  				
EARNINGS BEFORE INCOME TAXES	  	 	(21	)	
 	  				
Benefit from income taxes	  	 	(15	)	
 	  				
SEGMENT NET LOSS	  	 	(6	)	
 	  				
Net realized investment gains on investments, net of tax	  	 	(2	)	
 	  				
NET OPERATING LOSS	  	$	(8	)	

Three months ended September 30, 2003 
	  	Total
	 	
REVENUES	  	 	 	 	
Premiums	  	$	29	 	
Net investment loss	  	 	50	 	
Net realized investment loss	  	 	(9	)	
Policy fees and other income	  	 	2	 	
 	  				
Total revenues	  	 	72	 	
 	  				
BENEFITS AND EXPENSES	  	 	 	 	
Benefits and other changes in policy reserves	  	 	12	 	
Interest credited	  	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	54	 	
Amortization of deferred acquisition costs and intangibles	  	 	5	 	
Interest expense	  	 	56	 	
 	  				
Total benefits and expenses	  	 	127	 	
 	  				
LOSS BEFORE INCOME TAXES	  	 	(55	)	
 	  				
Benefit from income taxes	  	 	(25	)	
 	  				
SEGMENT NET LOSS	  	 	(30	)	
 	  				
Net realized investment losses on investments, net of tax	  	 	6	 	
 	  				
NET OPERATING LOSS	  	$	(24	)	

30

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Corporate and Other
(Dollar amounts in millions)

Nine months ended September 30, 2004 
	  	Total
	 	
REVENUES	  	 	 	 	
Premiums	  	$	74	 	
Net investment income	  	 	117	 	
Net realized investment gains	  	 	24	 	
Policy fees and other income	  	 	10	 	
 	  				
Total revenues	  	 	225	 	
 	  				
BENEFITS AND EXPENSES	  	 	 	 	
Benefits and other changes in policy reserves	  	 	27	 	
Interest credited	  	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	56	 	
Amortization of deferred acquisition costs and intangibles	  	 	14	 	
Interest expense	  	 	170	 	
 	  				
Total benefits and expenses	  	 	267	 	
 	  				
EARNINGS BEFORE INCOME TAXES	  	 	(42	)	
 	  				
Benefit from income taxes	  	 	(7	)	
 	  				
SEGMENT NET EARNINGS	  	 	(35	)	
 	  				
Net realized investment gains on investments, net of tax	  	 	(16	)	
One-time tax charge relating to initial public offering	  	 	22	 	
 	  				
NET OPERATING LOSS	  	$	(29	)	

Nine months ended September 30, 2003 
	  	Total
	 	
REVENUES	  	 	 	 	
Premiums	  	$	79	 	
Net investment income	  	 	59	 	
Net realized investment loss	  	 	(11	)	
Policy fees and other income	  	 	6	 	
 	  				
Total revenues	  	 	133	 	
 	  				
BENEFITS AND EXPENSES	  	 	 	 	
Benefits and other changes in policy reserves	  	 	33	 	
Interest credited	  	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	96	 	
Amortization of deferred acquisition costs and intangibles	  	 	11	 	
Interest expense	  	 	143	 	
 	  				
Total benefits and expenses	  	 	283	 	
 	  				
LOSS BEFORE INCOME TAXES	  	 	(150	)	
 	  				
Benefit from income taxes	  	 	(73	)	
 	  				
SEGMENT NET LOSS	  	 	(77	)	
 	  				
Net realized investment losses, net of tax	  	 	7	 	
 	  				
NET OPERATING LOSS	  	$	(70	)	

31

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Net Earnings
(Dollar amounts in millions)

 	  	2004
	 	 	2003
	 	
 	  	Q3
	 	 	Q2
	 	 	Q1
	 	 	YTD
	 	 	Q4
	 	 	Q3
	 	 	Q2
	 	 	Q1
	 	 	Total
	 	
REVENUES:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	1,523	 	 	$	1,640	 	 	$	1,619	 	 	$	4,782	 	 	$	1,651	 	 	$	1,547	 	 	$	1,580	 	 	$	1,478	 	 	$	6,256	 	
Net investment income	  	 	806	 	 	 	815	 	 	 	772	 	 	 	2,393	 	 	 	757	 	 	 	764	 	 	 	722	 	 	 	721	 	 	 	2,964	 	
Net realized investment gains	  	 	3	 	 	 	6	 	 	 	15	 	 	 	24	 	 	 	49	 	 	 	(9	)	 	 	(22	)	 	 	20	 	 	 	38	 	
Policy fees and other income	  	 	161	 	 	 	148	 	 	 	152	 	 	 	461	 	 	 	134	 	 	 	134	 	 	 	123	 	 	 	138	 	 	 	529	 	
 	  				 				 				 				 				 				 				 				 				
Total revenues	  	 	2,493	 	 	 	2,609	 	 	 	2,558	 	 	 	7,660	 	 	 	2,591	 	 	 	2,436	 	 	 	2,403	 	 	 	2,357	 	 	 	9,787	 	
 	  				 				 				 				 				 				 				 				 				
BENEFITS AND EXPENSES:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	1,041	 	 	 	1,100	 	 	 	1,089	 	 	 	3,230	 	 	 	1,184	 	 	 	1,079	 	 	 	967	 	 	 	999	 	 	 	4,229	 	
Interest credited	  	 	336	 	 	 	334	 	 	 	330	 	 	 	1,000	 	 	 	335	 	 	 	340	 	 	 	340	 	 	 	343	 	 	 	1,358	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	401	 	 	 	420	 	 	 	414	 	 	 	1,235	 	 	 	352	 	 	 	441	 	 	 	386	 	 	 	404	 	 	 	1,583	 	
Amortization of deferred acquisition costs and intangibles	  	 	244	 	 	 	267	 	 	 	286	 	 	 	797	 	 	 	359	 	 	 	226	 	 	 	313	 	 	 	251	 	 	 	1,149	 	
Interest expense	  	 	60	 	 	 	59	 	 	 	61	 	 	 	180	 	 	 	61	 	 	 	57	 	 	 	44	 	 	 	43	 	 	 	205	 	
 	  				 				 				 				 				 				 				 				 				
Total benefits and expenses	  	 	2,082	 	 	 	2,180	 	 	 	2,180	 	 	 	6,442	 	 	 	2,291	 	 	 	2,143	 	 	 	2,050	 	 	 	2,040	 	 	 	8,524	 	
 	  				 				 				 				 				 				 				 				 				
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	411	 	 	 	429	 	 	 	378	 	 	 	1,218	 	 	 	300	 	 	 	293	 	 	 	353	 	 	 	317	 	 	 	1,263	 	
 	  				 				 				 				 				 				 				 				 				
Provision for income taxes	  	 	138	 	 	 	168	 	 	 	122	 	 	 	428	 	 	 	89	 	 	 	83	 	 	 	111	 	 	 	88	 	 	 	371	 	
 	  				 				 				 				 				 				 				 				 				
NET EARNINGS FROM CONTINUING OPERATIONS	  	 	273	 	 	 	261	 	 	 	256	 	 	 	790	 	 	 	211	 	 	 	210	 	 	 	242	 	 	 	229	 	 	 	892	 	
 	  				 				 				 				 				 				 				 				 				
Net realized investment gains on investments, net of tax	  	 	(2	)	 	 	(4	)	 	 	(10	)	 	 	(16	)	 	 	(32	)	 	 	6	 	 	 	14	 	 	 	(13	)	 	 	(25	)	
One-time tax charge relating to initial public offering	  	 	—  	 	 	 	22	 	 	 	—  	 	 	 	22	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
 	  				 				 				 				 				 				 				 				 				
NET OPERATING EARNINGS	  	$	271	 	 	$	279	 	 	$	246	 	 	$	796	 	 	$	179	 	 	$	216	 	 	$	256	 	 	$	216	 	 	$	867	 	

32

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Protection
(Dollar amounts in millions) 

 	  	2004
	  	2003
	
 	  	Q3
	  	Q2
	  	Q1
	  	YTD
	  	Q4
	  	Q3
	  	Q2
	  	Q1
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	1,085	  	$	1,098	  	$	1,121	  	$	3,304	  	$	1,123	  	$	1,099	  	$	1,128	  	$	1,031	  	$	4,381	
Net investment income	  	 	298	  	 	288	  	 	281	  	 	867	  	 	273	  	 	277	  	 	271	  	 	271	  	 	1,092	
Policy fees and other income	  	 	91	  	 	79	  	 	87	  	 	257	  	 	94	  	 	90	  	 	81	  	 	91	  	 	356	
 	  			  			  			  			  			  			  			  			  			
Total revenues	  	 	1,474	  	 	1,465	  	 	1,489	  	 	4,428	  	 	1,490	  	 	1,466	  	 	1,480	  	 	1,393	  	 	5,829	
 	  			  			  			  			  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	698	  	 	691	  	 	694	  	 	2,083	  	 	737	  	 	707	  	 	657	  	 	644	  	 	2,745	
Interest credited	  	 	91	  	 	90	  	 	90	  	 	271	  	 	90	  	 	92	  	 	92	  	 	91	  	 	365	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	267	  	 	262	  	 	269	  	 	798	  	 	199	  	 	280	  	 	244	  	 	261	  	 	984	
Amortization of deferred acquisition costs and intangibles	  	 	198	  	 	214	  	 	241	  	 	653	  	 	304	  	 	181	  	 	290	  	 	206	  	 	981	
Interest expense	  	 	4	  	 	2	  	 	3	  	 	9	  	 	2	  	 	1	  	 	—  	  	 	—  	  	 	3	
 	  			  			  			  			  			  			  			  			  			
Total benefits and expenses	  	 	1,258	  	 	1,259	  	 	1,297	  	 	3,814	  	 	1,332	  	 	1,261	  	 	1,283	  	 	1,202	  	 	5,078	
 	  			  			  			  			  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	216	  	 	206	  	 	192	  	 	614	  	 	158	  	 	205	  	 	197	  	 	191	  	 	751	
 	  			  			  			  			  			  			  			  			  			
Provision for income taxes	  	 	81	  	 	77	  	 	69	  	 	227	  	 	62	  	 	73	  	 	68	  	 	67	  	 	270	
 	  			  			  			  			  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	135	  	$	129	  	$	123	  	$	387	  	$	96	  	$	132	  	$	129	  	$	124	  	$	481	

Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
33

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Retirement Income and Investments
(Dollar amounts in millions) 

 	  	2004
	  	2003
	
 	  	Q3
	  	Q2
	  	Q1
	  	YTD
	  	Q4
	  	Q3
	  	Q2
	  	Q1
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	219	  	$	321	  	$	277	  	$	817	  	$	303	  	$	237	  	$	251	  	$	258	  	$	1,049	
Net investment income	  	 	414	  	 	413	  	 	396	  	 	1,223	  	 	394	  	 	381	  	 	387	  	 	401	  	 	1,563	
Policy fees and other income	  	 	54	  	 	57	  	 	55	  	 	166	  	 	28	  	 	29	  	 	27	  	 	33	  	 	117	
 	  			  			  			  			  			  			  			  			  			
Total revenues	  	 	687	  	 	791	  	 	728	  	 	2,206	  	 	725	  	 	647	  	 	665	  	 	692	  	 	2,729	
 	  			  			  			  			  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	288	  	 	373	  	 	347	  	 	1,008	  	 	358	  	 	316	  	 	306	  	 	313	  	 	1,293	
Interest credited	  	 	245	  	 	244	  	 	240	  	 	729	  	 	245	  	 	248	  	 	248	  	 	252	  	 	993	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	61	  	 	65	  	 	62	  	 	188	  	 	64	  	 	33	  	 	40	  	 	52	  	 	189	
Amortization of deferred acquisition costs and intangibles	  	 	27	  	 	38	  	 	30	  	 	95	  	 	37	  	 	30	  	 	12	  	 	34	  	 	113	
Interest expense	  	 	—  	  	 	1	  	 	—  	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	
 	  			  			  			  			  			  			  			  			  			
Total benefits and expenses	  	 	621	  	 	721	  	 	679	  	 	2,021	  	 	704	  	 	627	  	 	606	  	 	651	  	 	2,588	
 	  			  			  			  			  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	66	  	 	70	  	 	49	  	 	185	  	 	21	  	 	20	  	 	59	  	 	41	  	 	141	
 	  			  			  			  			  			  			  			  			  			
Provision for income taxes	  	 	24	  	 	25	  	 	17	  	 	66	  	 	9	  	 	5	  	 	19	  	 	15	  	 	48	
 	  			  			  			  			  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	42	  	$	45	  	$	32	  	$	119	  	$	12	  	$	15	  	$	40	  	$	26	  	$	93	

Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
34

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Mortgage Insurance
(Dollar amounts in millions) 

 	  	2004
	  	2003
	
 	  	Q3
	  	Q2
	  	Q1
	  	YTD
	  	Q4
	  	Q3
	  	Q2
	 	 	Q1
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	197	  	$	195	  	$	195	  	$	587	  	$	194	  	$	182	  	$	175	 	 	$	165	  	$	716	
Net investment income	  	 	65	  	 	61	  	 	60	  	 	186	  	 	58	  	 	56	  	 	54	 	 	 	50	  	 	218	
Policy fees and other income	  	 	10	  	 	10	  	 	8	  	 	28	  	 	10	  	 	13	  	 	13	 	 	 	12	  	 	48	
 	  			  			  			  			  			  			  				 			  			
Total revenues	  	 	272	  	 	266	  	 	263	  	 	801	  	 	262	  	 	251	  	 	242	 	 	 	227	  	 	982	
 	  			  			  			  			  			  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	46	  	 	27	  	 	39	  	 	112	  	 	46	  	 	44	  	 	(8	)	 	 	33	  	 	115	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	64	  	 	65	  	 	64	  	 	193	  	 	74	  	 	74	  	 	81	 	 	 	70	  	 	299	
Amortization of deferred acquisition costs and intangibles	  	 	12	  	 	11	  	 	12	  	 	35	  	 	11	  	 	10	  	 	8	 	 	 	8	  	 	37	
 	  			  			  			  			  			  			  				 			  			
Total benefits and expenses	  	 	122	  	 	103	  	 	115	  	 	340	  	 	131	  	 	128	  	 	81	 	 	 	111	  	 	451	
 	  			  			  			  			  			  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	150	  	 	163	  	 	148	  	 	461	  	 	131	  	 	123	  	 	161	 	 	 	116	  	 	531	
 	  			  			  			  			  			  			  				 			  			
Provision for income taxes	  	 	48	  	 	49	  	 	45	  	 	142	  	 	54	  	 	30	  	 	47	 	 	 	31	  	 	162	
 	  			  			  			  			  			  			  				 			  			
SEGMENT NET EARNINGS	  	$	102	  	$	114	  	$	103	  	$	319	  	$	77	  	$	93	  	$	114	 	 	$	85	  	$	369	

Pro Forma Segment Net Earnings is equivalent to Historical Segment Net Earnings for the Mortgage Insurance Segment.
Segment Pro Forma Net Operating Earnings is equivalent to Pro Forma Segment Net Earnings.
 
35

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Pro Forma Segment Net Earnings - Corporate and Other
(Dollar amounts in millions) 

 	  	2004
	 	 	2003
	 	
 	  	Q3
	 	 	Q2
	 	 	Q1
	 	 	YTD
	 	 	Q4
	 	 	Q3
	 	 	Q2
	 	 	Q1
	 	 	Total
	 	
REVENUES:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	22	 	 	$	26	 	 	$	26	 	 	$	74	 	 	$	31	 	 	$	29	 	 	$	26	 	 	$	24	 	 	$	110	 	
Net investment income (loss)	  	 	29	 	 	 	53	 	 	 	35	 	 	 	117	 	 	 	32	 	 	 	50	 	 	 	10	 	 	 	(1	)	 	 	91	 	
Net realized investment gains	  	 	3	 	 	 	6	 	 	 	15	 	 	 	24	 	 	 	49	 	 	 	(9	)	 	 	(22	)	 	 	20	 	 	 	38	 	
Policy fees and other income	  	 	6	 	 	 	2	 	 	 	2	 	 	 	10	 	 	 	2	 	 	 	2	 	 	 	2	 	 	 	2	 	 	 	8	 	
 	  				 				 				 				 				 				 				 				 				
Total Revenue	  	 	60	 	 	 	87	 	 	 	78	 	 	 	225	 	 	 	114	 	 	 	72	 	 	 	16	 	 	 	45	 	 	 	247	 	
 	  				 				 				 				 				 				 				 				 				
BENEFITS AND EXPENSES	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	9	 	 	 	9	 	 	 	9	 	 	 	27	 	 	 	43	 	 	 	12	 	 	 	12	 	 	 	9	 	 	 	76	 	
Interest credited	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	9	 	 	 	28	 	 	 	19	 	 	 	56	 	 	 	15	 	 	 	54	 	 	 	21	 	 	 	21	 	 	 	111	 	
Amortization of deferred acquisition costs and intangibles	  	 	7	 	 	 	4	 	 	 	3	 	 	 	14	 	 	 	7	 	 	 	5	 	 	 	3	 	 	 	3	 	 	 	18	 	
Interest expense	  	 	56	 	 	 	56	 	 	 	58	 	 	 	170	 	 	 	59	 	 	 	56	 	 	 	44	 	 	 	43	 	 	 	202	 	
 	  				 				 				 				 				 				 				 				 				
Total benefits and expenses	  	 	81	 	 	 	97	 	 	 	89	 	 	 	267	 	 	 	124	 	 	 	127	 	 	 	80	 	 	 	76	 	 	 	407	 	
 	  				 				 				 				 				 				 				 				 				
LOSS BEFORE INCOME TAXES	  	 	(21	)	 	 	(10	)	 	 	(11	)	 	 	(42	)	 	 	(10	)	 	 	(55	)	 	 	(64	)	 	 	(31	)	 	 	(160	)	
 	  				 				 				 				 				 				 				 				 				
Provision (benefit) for income taxes	  	 	(15	)	 	 	17	 	 	 	(9	)	 	 	(7	)	 	 	(36	)	 	 	(25	)	 	 	(23	)	 	 	(25	)	 	 	(109	)	
 	  				 				 				 				 				 				 				 				 				
SEGMENT NET LOSS	  	 	(6	)	 	 	(27	)	 	 	(2	)	 	 	(35	)	 	 	26	 	 	 	(30	)	 	 	(41	)	 	 	(6	)	 	 	(51	)	
 	  				 				 				 				 				 				 				 				 				
Net realized investment (gains) losses on investments, net of tax	  	 	(2	)	 	 	(4	)	 	 	(10	)	 	 	(16	)	 	 	(32	)	 	 	6	 	 	 	14	 	 	 	(13	)	 	 	(25	)	
One-time tax charge relating to initial public offering	  	 	—  	 	 	 	22	 	 	 	—  	 	 	 	22	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
 	  				 				 				 				 				 				 				 				 				
NET OPERATING LOSS	  	$	(8	)	 	$	(9	)	 	$	(12	)	 	$	(29	)	 	$	(6	)	 	$	(24	)	 	$	(27	)	 	$	(19	)	 	$	(76	)	

36

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT

HISTORICAL INFORMATION

37

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Combined Statement of Earnings by Segment
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	Protection
Segment
	  	RI&I
Segment
	  	Mortgage
Segment
	  	Corporate
Segment
	 	 	Affinity
Segment
	  	Combined
	 	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Premiums	  	$	1,085	  	$	219	  	$	197	  	$	22	 	 	$	—  	  	$	1,523	 	
Net investment income	  	 	298	  	 	393	  	 	65	  	 	29	 	 	 	—  	  	 	785	 	
Net realized investment gains	  	 	—  	  	 	—  	  	 	—  	  	 	3	 	 	 	—  	  	 	3	 	
Policy fees and other Income	  	 	91	  	 	52	  	 	10	  	 	6	 	 	 	—  	  	 	159	 	
 	  			  			  			  				 			  				
Total revenues	  	 	1,474	  	 	664	  	 	272	  	 	60	 	 	 	—  	  	 	2,470	 	
 	  			  			  			  				 			  				
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Benefits and other changes in policy reserves	  	 	698	  	 	281	  	 	46	  	 	9	 	 	 	—  	  	 	1,034	 	
Interest credited	  	 	91	  	 	237	  	 	—  	  	 	—  	 	 	 	—  	  	 	328	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	267	  	 	59	  	 	64	  	 	9	 	 	 	—  	  	 	399	 	
Amortization of deferred acquisition costs and intangibles	  	 	198	  	 	25	  	 	12	  	 	7	 	 	 	—  	  	 	242	 	
Interest expense	  	 	4	  	 	—  	  	 	—  	  	 	56	 	 	 	—  	  	 	60	 	
 	  			  			  			  				 			  				
Total benefits and expenses	  	 	1,258	  	 	602	  	 	122	  	 	81	 	 	 	—  	  	 	2,063	 	
 	  			  			  			  				 			  				
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	216	  	 	62	  	 	150	  	 	(21	)	 	 	—  	  	 	407	 	
 	  			  			  			  				 			  				
Provision for income taxes	  	 	81	  	 	22	  	 	48	  	 	(15	)	 	 	—  	  	 	136	 	
 	  			  			  			  				 			  				
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	  	$	135	  	$	40	  	$	102	  	$	(6	)	 	$	—  	  	$	271	 	

Three months ended September 30, 2003 
	  	Protection
Segment
	  	RI&I
Segment
	  	Mortgage
Segment
	  	Corporate
Segment
	 	 	Affinity
Segment
	  	Combined
	 	
REVENUES	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Premiums	  	$	1,150	  	$	237	  	$	182	  	$	29	 	 	$	66	  	$	1,664	 	
Net investment income	  	 	298	  	 	618	  	 	56	  	 	43	 	 	 	18	  	 	1,033	 	
Realized investment losses	  	 	—  	  	 	—  	  	 	—  	  	 	(13	)	 	 	—  	  	 	(13	)	
Policyholder fees and other Income	  	 	91	  	 	61	  	 	13	  	 	2	 	 	 	65	  	 	232	 	
 	  			  			  			  				 			  				
Total Revenue	  	 	1,539	  	 	916	  	 	251	  	 	61	 	 	 	149	  	 	2,916	 	
 	  			  			  			  				 			  				
BENEFITS AND EXPENSES	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	  	 	 	 	
Benefits and changes in policy reserves	  	 	774	  	 	463	  	 	44	  	 	12	 	 	 	52	  	 	1,345	 	
Interest credited	  	 	92	  	 	315	  	 	—  	  	 	—  	 	 	 	—  	  	 	407	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	286	  	 	45	  	 	74	  	 	55	 	 	 	65	  	 	525	 	
Amortization of deferred acquisition costs and intangibles	  	 	185	  	 	49	  	 	10	  	 	5	 	 	 	27	  	 	276	 	
Interest expense	  	 	1	  	 	—  	  	 	—  	  	 	39	 	 	 	—  	  	 	40	 	
 	  			  			  			  				 			  				
Total benefits and expenses	  	 	1,338	  	 	872	  	 	128	  	 	111	 	 	 	144	  	 	2,593	 	
 	  			  			  			  				 			  				
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	201	  	 	44	  	 	123	  	 	(50	)	 	 	5	  	 	323	 	
 	  			  			  			  				 			  				
Provision for income taxes	  	 	71	  	 	13	  	 	30	  	 	(22	)	 	 	1	  	 	93	 	
 	  			  			  			  				 			  				
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	  	$	130	  	$	31	  	$	93	  	$	(28	)	 	$	4	  	$	230	 	

38

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Combined Statement of Earnings by Segment
(Dollar amounts in millions)

Nine months ended September 30, 2004 
	  	Protection
Segment
	  	RI&I
Segment
	  	Mortgage
Segment
	  	Corporate
Segment
	 	 	Affinity
Segment
	 	 	Combined
	 	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	3,387	  	$	817	  	$	587	  	$	74	 	 	$	88	 	 	$	4,953	 	
Net investment income	  	 	913	  	 	1,579	  	 	186	  	 	119	 	 	 	26	 	 	 	2,823	 	
Net realized investment gains	  	 	—  	  	 	—  	  	 	—  	  	 	27	 	 	 	—  	 	 	 	27	 	
Policy fees and other Income	  	 	257	  	 	213	  	 	28	  	 	10	 	 	 	104	 	 	 	612	 	
 	  			  			  			  				 				 				
Total revenues	  	 	4,557	  	 	2,609	  	 	801	  	 	230	 	 	 	218	 	 	 	8,415	 	
 	  			  			  			  				 				 				
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	2,185	  	 	1,270	  	 	112	  	 	28	 	 	 	80	 	 	 	3,675	 	
Interest credited	  	 	271	  	 	817	  	 	—  	  	 	—  	 	 	 	—  	 	 	 	1,088	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	815	  	 	202	  	 	193	  	 	50	 	 	 	123	 	 	 	1,383	 	
Amortization of deferred acquisition costs and intangibles	  	 	661	  	 	136	  	 	35	  	 	13	 	 	 	47	 	 	 	892	 	
Interest expense	  	 	9	  	 	1	  	 	—  	  	 	144	 	 	 	—  	 	 	 	154	 	
 	  			  			  			  				 				 				
Total benefits and expenses	  	 	3,941	  	 	2,426	  	 	340	  	 	235	 	 	 	250	 	 	 	7,192	 	
 	  			  			  			  				 				 				
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	616	  	 	183	  	 	461	  	 	(5	)	 	 	(32	)	 	 	1,223	 	
 	  			  			  			  				 				 				
Provision for income taxes	  	 	228	  	 	65	  	 	142	  	 	7	 	 	 	(18	)	 	 	424	 	
 	  			  			  			  				 				 				
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	  	$	388	  	$	118	  	$	319	  	$	(12	)	 	$	(14	)	 	$	799	 	

Nine months ended September 30, 2003 
	  	Protection
Segment
	  	RI&I
Segment
	  	Mortgage
Segment
	  	Corporate
Segment
	 	 	Affinity
Segment
	 	 	Combined
	 	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	3,407	  	$	746	  	$	522	  	$	79	 	 	$	187	 	 	$	4,941	 	
Net investment income	  	 	894	  	 	1,881	  	 	160	  	 	36	 	 	 	49	 	 	 	3,020	 	
Net realized investment gains	  	 	—  	  	 	—  	  	 	—  	  	 	(29	)	 	 	—  	 	 	 	(29	)	
Policy fees and other Income	  	 	263	  	 	183	  	 	38	  	 	6	 	 	 	195	 	 	 	685	 	
 	  			  			  			  				 				 				
Total revenues	  	 	4,564	  	 	2,810	  	 	720	  	 	92	 	 	 	431	 	 	 	8,617	 	
 	  			  			  			  				 				 				
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	2,192	  	 	1,376	  	 	69	  	 	33	 	 	 	136	 	 	 	3,806	 	
Interest credited	  	 	275	  	 	947	  	 	—  	  	 	—  	 	 	 	—  	 	 	 	1,222	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	805	  	 	163	  	 	225	  	 	100	 	 	 	196	 	 	 	1,489	 	
Amortization of deferred acquisition costs and intangibles	  	 	689	  	 	133	  	 	26	  	 	11	 	 	 	76	 	 	 	935	 	
Interest expense	  	 	1	  	 	—  	  	 	—  	  	 	93	 	 	 	—  	 	 	 	94	 	
 	  			  			  			  				 				 				
Total benefits and expenses	  	 	3,962	  	 	2,619	  	 	320	  	 	237	 	 	 	408	 	 	 	7,546	 	
 	  			  			  			  				 				 				
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	  	 	602	  	 	191	  	 	400	  	 	(145	)	 	 	23	 	 	 	1,071	 	
 	  			  			  			  				 				 				
Provision for income taxes	  	 	210	  	 	63	  	 	108	  	 	(67	)	 	 	8	 	 	 	322	 	
 	  			  			  			  				 				 				
NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	  	$	392	  	$	128	  	$	292	  	$	(78	)	 	$	15	 	 	$	749	 	

39

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Protection
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	Life
	  	Long Term
Care
	  	Payment
Protection Ins.
	  	Group
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	190	  	$	403	  	$	336	  	$	156	  	$	1,085	
Net investment income	  	 	111	  	 	149	  	 	27	  	 	11	  	 	298	
Policy fees and other income	  	 	79	  	 	3	  	 	4	  	 	5	  	 	91	
 	  			  			  			  			  			
Total revenues	  	 	380	  	 	555	  	 	367	  	 	172	  	 	1,474	
 	  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	161	  	 	369	  	 	67	  	 	101	  	 	698	
Interest credited	  	 	59	  	 	31	  	 	—  	  	 	1	  	 	91	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	30	  	 	59	  	 	133	  	 	45	  	 	267	
Amortization of deferred acquisition costs and intangibles	  	 	29	  	 	29	  	 	131	  	 	9	  	 	198	
Interest expense	  	 	4	  	 	—  	  	 	—  	  	 	—  	  	 	4	
 	  			  			  			  			  			
Total benefits and expenses	  	 	283	  	 	488	  	 	331	  	 	156	  	 	1,258	
 	  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	97	  	 	67	  	 	36	  	 	16	  	 	216	
 	  			  			  			  			  			
Provision for income taxes	  	 	36	  	 	24	  	 	15	  	 	6	  	 	81	
 	  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	61	  	$	43	  	$	21	  	$	10	  	$	135	

Three months ended September 30, 2003 
	  	Life
	  	Long Term
Care
	  	Payment
Protection Ins.
	  	Group
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	175	  	$	454	  	$	374	  	$	147	  	$	1,150	
Net investment income	  	 	106	  	 	154	  	 	28	  	 	10	  	 	298	
Policy fees and other income	  	 	79	  	 	1	  	 	4	  	 	7	  	 	91	
 	  			  			  			  			  			
Total revenues	  	 	360	  	 	609	  	 	406	  	 	164	  	 	1,539	
 	  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	139	  	 	440	  	 	101	  	 	94	  	 	774	
Interest credited	  	 	64	  	 	28	  	 	—  	  	 	—  	  	 	92	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	42	  	 	63	  	 	138	  	 	43	  	 	286	
Amortization of deferred acquisition costs and intangibles	  	 	31	  	 	16	  	 	131	  	 	7	  	 	185	
Interest expense	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	1	
 	  			  			  			  			  			
Total benefits and expenses	  	 	277	  	 	547	  	 	370	  	 	144	  	 	1,338	
 	  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	83	  	 	62	  	 	36	  	 	20	  	 	201	
 	  			  			  			  			  			
Provision for income taxes	  	 	31	  	 	22	  	 	11	  	 	7	  	 	71	
 	  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	52	  	$	40	  	$	25	  	$	13	  	$	130	

40

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Protection
(Dollar amounts in millions)

Nine months ended September 30, 2004 
	  	Life
	  	Long Term
Care
	  	Payment
Protection Ins.
	  	Group
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	567	  	$	1,276	  	$	1,080	  	$	464	  	$	3,387	
Net investment income	  	 	329	  	 	473	  	 	79	  	 	32	  	 	913	
Policy fees and other income	  	 	222	  	 	6	  	 	14	  	 	15	  	 	257	
 	  			  			  			  			  			
Total revenues	  	 	1,118	  	 	1,755	  	 	1,173	  	 	511	  	 	4,557	
 	  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	467	  	 	1,187	  	 	212	  	 	319	  	 	2,185	
Interest credited	  	 	182	  	 	88	  	 	—  	  	 	1	  	 	271	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	90	  	 	211	  	 	387	  	 	127	  	 	815	
Amortization of deferred acquisition costs and intangibles	  	 	88	  	 	72	  	 	476	  	 	25	  	 	661	
Interest expense	  	 	9	  	 	—  	  	 	—  	  	 	—  	  	 	9	
 	  			  			  			  			  			
Total benefits and expenses	  	 	836	  	 	1,558	  	 	1,075	  	 	472	  	 	3,941	
 	  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	282	  	 	197	  	 	98	  	 	39	  	 	616	
 	  			  			  			  			  			
Provision for income taxes	  	 	104	  	 	71	  	 	39	  	 	14	  	 	228	
 	  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	178	  	$	126	  	$	59	  	$	25	  	$	388	

Nine months ended September 30, 2003 
	  	Life
	  	Long Term
Care
	  	Payment
Protection Ins.
	  	Group
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	521	  	$	1,301	  	$	1,130	  	$	455	  	$	3,407	
Net investment income	  	 	330	  	 	457	  	 	76	  	 	31	  	 	894	
Policy fees and other income	  	 	224	  	 	9	  	 	7	  	 	23	  	 	263	
 	  			  			  			  			  			
Total revenues	  	 	1,075	  	 	1,767	  	 	1,213	  	 	509	  	 	4,564	
 	  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	395	  	 	1,221	  	 	270	  	 	306	  	 	2,192	
Interest credited	  	 	194	  	 	81	  	 	—  	  	 	—  	  	 	275	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	111	  	 	210	  	 	358	  	 	126	  	 	805	
Amortization of deferred acquisition costs and intangibles	  	 	119	  	 	59	  	 	491	  	 	20	  	 	689	
Interest expense	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	1	
 	  			  			  			  			  			
Total benefits and expenses	  	 	820	  	 	1,571	  	 	1,119	  	 	452	  	 	3,962	
 	  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	255	  	 	196	  	 	94	  	 	57	  	 	602	
 	  			  			  			  			  			
Provision for income taxes	  	 	94	  	 	71	  	 	25	  	 	20	  	 	210	
 	  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	161	  	$	125	  	$	69	  	$	37	  	$	392	

41

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Retirement Income and Investments
(Dollar amounts in millions) 

Three months ended September 30, 2004 
	  	Spread Based
Retail
Products
	  	Fee Based
Products
	 	 	Spread Based
Institutional
Products
	  	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	219	  	$	—  	 	 	$	—  	  	$	219	
Net investment income	  	 	312	  	 	3	 	 	 	78	  	 	393	
Policy fees and other income	  	 	5	  	 	47	 	 	 	—  	  	 	52	
 	  			  				 			  			
Total revenues	  	 	536	  	 	50	 	 	 	78	  	 	664	
 	  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	279	  	 	2	 	 	 	—  	  	 	281	
Interest credited	  	 	164	  	 	2	 	 	 	71	  	 	237	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	31	  	 	27	 	 	 	1	  	 	59	
Amortization of deferred acquisition costs and intangibles	  	 	23	  	 	2	 	 	 	—  	  	 	25	
Interest expense	  	 	1	  	 	(1	)	 	 	—  	  	 	—  	
 	  			  				 			  			
Total benefits and expenses	  	 	498	  	 	32	 	 	 	72	  	 	602	
 	  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	38	  	 	18	 	 	 	6	  	 	62	
 	  			  				 			  			
Provision for income taxes	  	 	14	  	 	6	 	 	 	2	  	 	22	
 	  			  				 			  			
SEGMENT NET EARNINGS	  	$	24	  	$	12	 	 	$	4	  	$	40	

Three months ended September 30, 2003 
	  	Spread Based
Retail
Products
	  	Fee Based
Products
	 	 	Spread Based
Institutional
Products
	  	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	237	  	$	—  	 	 	$	—  	  	$	237	
Net investment income	  	 	506	  	 	30	 	 	 	82	  	 	618	
Policy fees and other income	  	 	3	  	 	58	 	 	 	—  	  	 	61	
 	  			  				 			  			
Total revenues	  	 	746	  	 	88	 	 	 	82	  	 	916	
 	  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	448	  	 	15	 	 	 	—  	  	 	463	
Interest credited	  	 	216	  	 	26	 	 	 	73	  	 	315	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	28	  	 	16	 	 	 	1	  	 	45	
Amortization of deferred acquisition costs and intangibles	  	 	26	  	 	23	 	 	 	—  	  	 	49	
Interest expense	  	 	—  	  	 	—  	 	 	 	—  	  	 	—  	
 	  			  				 			  			
Total benefits and expenses	  	 	718	  	 	80	 	 	 	74	  	 	872	
 	  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	28	  	 	8	 	 	 	8	  	 	44	
 	  			  				 			  			
Provision for income taxes	  	 	10	  	 	—  	 	 	 	3	  	 	13	
 	  			  				 			  			
SEGMENT NET EARNINGS	  	$	18	  	$	8	 	 	$	5	  	$	31	

42

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Retirement Income and Investments
(Dollar amounts in millions) 

Nine months ended September 30, 2004 
	  	Spread Based
Retail
Products
	  	Fee Based
Products
	 	 	Spread Based
Institutional
Products
	  	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	817	  	$	—  	 	 	$	—  	  	$	817	
Net investment income	  	 	1,285	  	 	56	 	 	 	238	  	 	1,579	
Policy fees and other income	  	 	11	  	 	202	 	 	 	—  	  	 	213	
 	  			  				 			  			
Total revenues	  	 	2,113	  	 	258	 	 	 	238	  	 	2,609	
 	  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	1,252	  	 	18	 	 	 	—  	  	 	1,270	
Interest credited	  	 	575	  	 	38	 	 	 	204	  	 	817	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	95	  	 	104	 	 	 	3	  	 	202	
Amortization of deferred acquisition costs and intangibles	  	 	81	  	 	55	 	 	 	—  	  	 	136	
Interest expense	  	 	1	  	 	—  	 	 	 	—  	  	 	1	
 	  			  				 			  			
Total benefits and expenses	  	 	2,004	  	 	215	 	 	 	207	  	 	2,426	
 	  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	109	  	 	43	 	 	 	31	  	 	183	
 	  			  				 			  			
Provision for income taxes	  	 	39	  	 	15	 	 	 	11	  	 	65	
 	  			  				 			  			
SEGMENT NET EARNINGS	  	$	70	  	$	28	 	 	$	20	  	$	118	

Nine months ended September 30, 2003 
	  	Spread Based
Retail
Products
	  	Fee Based
Products
	 	 	Spread Based
Institutional
Products
	  	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	746	  	$	—  	 	 	$	—  	  	$	746	
Net investment income	  	 	1,540	  	 	75	 	 	 	266	  	 	1,881	
Policy fees and other income	  	 	11	  	 	172	 	 	 	—  	  	 	183	
 	  			  				 			  			
Total revenues	  	 	2,297	  	 	247	 	 	 	266	  	 	2,810	
 	  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	1,344	  	 	32	 	 	 	—  	  	 	1,376	
Interest credited	  	 	658	  	 	64	 	 	 	225	  	 	947	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	88	  	 	73	 	 	 	2	  	 	163	
Amortization of deferred acquisition costs and intangibles	  	 	63	  	 	70	 	 	 	—  	  	 	133	
Interest expense	  	 	—  	  	 	—  	 	 	 	—  	  	 	—  	
 	  			  				 			  			
Total benefits and expenses	  	 	2,153	  	 	239	 	 	 	227	  	 	2,619	
 	  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	144	  	 	8	 	 	 	39	  	 	191	
 	  			  				 			  			
Provision for income taxes	  	 	52	  	 	(3	)	 	 	14	  	 	63	
 	  			  				 			  			
SEGMENT NET EARNINGS	  	$	92	  	$	11	 	 	$	25	  	$	128	

43

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Retirement Income and Investments - Historical Account Values
(Dollar amounts in millions)

 	  	Three Months Ended
September 30
	 	
 	  	2004
	 	 	2003
	 	
Spread Based Products	  	 	 	 	 	 	 	 	
			
Fixed Annuities	  	 	.	 	 	 	 	 	
Account value net of reinsurance, beginning of period	  	$	14,583	 	 	$	13,953	 	
Deposits	  	 	462	 	 	 	209	 	
Interest credited	  	 	151	 	 	 	149	 	
Surrenders, benefits and product charges	  	 	(364	)	 	 	(295	)	
 	  				 				
Account value net of reinsurance, end of period	  	$	14,832	 	 	$	14,016	 	
 	  				 				
Income Annuities	  	 	 	 	 	 	 	 	
Account value net of reinsurance, beginning of period	  	$	5,176	 	 	$	4,811	 	
Premiums and deposits	  	 	174	 	 	 	180	 	
Interest credited	  	 	76	 	 	 	72	 	
Surrenders, benefits and product charges	  	 	(173	)	 	 	(167	)	
 	  				 				
Account value net of reinsurance, end of period	  	$	5,253	 	 	$	4,896	 	
 	  				 				
Structured Settlements	  	 	 	 	 	 	 	 	
Account value, beginning of period	  	$	12,181	 	 	$	11,711	 	
Premiums and deposits	  	 	87	 	 	 	111	 	
Interest credited	  	 	210	 	 	 	200	 	
Surrenders, benefits and product charges	  	 	(242	)	 	 	(198	)	
 	  				 				
Account value, end of period a	  	$	12,236	 	 	$	11,824	 	
 	  				 				
Spread Based Institutional Products	  	 	 	 	 	 	 	 	
			
GICs and Funding Agreements	  	 	 	 	 	 	 	 	
Account value, beginning of the period	  	$	9,384	 	 	$	9,930	 	
Premiums and deposits	  	 	1,033	 	 	 	939	 	
Interest credited	  	 	71	 	 	 	73	 	
Surrenders and benefits	  	 	(1,159	)	 	 	(915	)	
 	  				 				
Account value, end of period	  	$	9,329	 	 	$	10,027	 	
 	  				 				
Fee Based Products	  	 	 	 	 	 	 	 	
			
Variable Annuities	  	 	 	 	 	 	 	 	
Account value, beginning of period	  	$	11,091	 	 	$	9,887	 	
Deposits	  	 	249	 	 	 	656	 	
Interest credited and investment performance	  	 	14	 	 	 	312	 	
Surrenders, benefits and product charges	  	 	(375	)	 	 	(359	)	
 	  				 				
Account value, end of period a	  	$	10,979	 	 	$	10,496	 	
 	  				 				
Variable Life Insurance	  	 	 	 	 	 	 	 	
Premiums and deposits	  	$	9	 	 	$	13	 	
Future policy benefits/policy account balances, net of reinsurance	  	 	3	 	 	 	12	 	
Separate account liability	  	 	276	 	 	 	257	 	
Life insurance in force	  	 	3,508	 	 	 	3,653	 	

a 	Included in the end of period account values for the 2004 period for structured settlements and variable annuities are $11,849 million and $10,146 million, respectively, that relate to contracts that are reinsured with UFLIC. 	
 
44

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Retirement Income and Investments - Historical Account Values by Contract Type
(Dollar amounts in millions)

 	  	2004
	  	2003
	
 	  	Q3
	  	Q2
	  	Q1
	  	Q4
	  	Q3
	  	Q2
	  	Q1
	
Spread Based Institutional Products	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Guaranteed investment contracts (GICs)	  	$	3,487	  	$	3,517	  	$	3,474	  	$	3,586	  	$	3,846	  	$	3,792	  	$	3,795	
Funding agreements backing notes	  	 	2,925	  	 	2,844	  	 	2,963	  	 	2,993	  	 	2,632	  	 	2,568	  	 	2,832	
Funding agreements	  	 	2,917	  	 	3,024	  	 	3,024	  	 	2,949	  	 	3,549	  	 	3,570	  	 	3,570	
 	  			  			  			  			  			  			  			
 	  	$	9,329	  	$	9,385	  	$	9,461	  	$	9,528	  	$	10,027	  	$	9,930	  	$	10,197	
 	  			  			  			  			  			  			  			
Funding agreements by liquidity provisions:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
7 day	  	$	50	  	$	100	  	$	100	  	$	100	  	$	100	  	$	100	  	$	100	
30 day	  	 	150	  	 	200	  	 	350	  	 	350	  	 	650	  	 	650	  	 	650	
90 day	  	 	1,610	  	 	1,660	  	 	1,960	  	 	1,985	  	 	2,285	  	 	2,305	  	 	2,305	
No put	  	 	850	  	 	850	  	 	500	  	 	500	  	 	500	  	 	500	  	 	500	
13 month rolling maturity	  	 	250	  	 	200	  	 	100	  	 	—  	  	 	—  	  	 	—  	  	 	—  	
Accrued interest	  	 	15	  	 	14	  	 	14	  	 	14	  	 	14	  	 	15	  	 	15	
 	  			  			  			  			  			  			  			
Total funding agreements	  	$	2,925	  	$	3,024	  	$	3,024	  	$	2,949	  	$	3,549	  	$	3,570	  	$	3,570	

45

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Mortgage Insurance
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	U. S.
	  	International
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	
Premiums	  	$	113	  	$	84	  	$	197	
Net investment income	  	 	35	  	 	30	  	 	65	
Policy fees and other income	  	 	5	  	 	5	  	 	10	
 	  			  			  			
Total revenues	  	 	153	  	 	119	  	 	272	
 	  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	38	  	 	8	  	 	46	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	40	  	 	24	  	 	64	
Amortization of deferred acquisition costs and intangibles	  	 	7	  	 	5	  	 	12	
 	  			  			  			
Total benefits and expenses	  	 	85	  	 	37	  	 	122	
 	  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	68	  	 	82	  	 	150	
 	  			  			  			
Provision for income taxes	  	 	16	  	 	32	  	 	48	
 	  			  			  			
SEGMENT NET EARNINGS	  	$	52	  	$	50	  	$	102	

Three months ended September 30, 2003 
	  	U. S.
	  	International
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	
Premiums	  	$	123	  	$	59	  	$	182	
Net investment income	  	 	31	  	 	25	  	 	56	
Policy fees and other income	  	 	9	  	 	4	  	 	13	
 	  			  			  			
Total revenues	  	 	163	  	 	88	  	 	251	
 	  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	38	  	 	6	  	 	44	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	55	  	 	19	  	 	74	
Amortization of deferred acquisition costs and intangibles	  	 	6	  	 	4	  	 	10	
 	  			  			  			
Total benefits and expenses	  	 	99	  	 	29	  	 	128	
 	  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	64	  	 	59	  	 	123	
 	  			  			  			
Provision for income taxes	  	 	13	  	 	17	  	 	30	
 	  			  			  			
SEGMENT NET EARNINGS	  	$	51	  	$	42	  	$	93	

46

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Mortgage Insurance
(Dollar amounts in millions)

Nine months ended September 30, 2004 
	  	U. S.
	  	International
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	
Premiums	  	$	348	  	$	239	  	$	587	
Net investment income	  	 	98	  	 	88	  	 	186	
Policy fees and other income	  	 	14	  	 	14	  	 	28	
 	  			  			  			
Total revenues	  	 	460	  	 	341	  	 	801	
 	  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	88	  	 	24	  	 	112	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	124	  	 	69	  	 	193	
Amortization of deferred acquisition costs and intangibles	  	 	21	  	 	14	  	 	35	
 	  			  			  			
Total benefits and expenses	  	 	233	  	 	107	  	 	340	
 	  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	227	  	 	234	  	 	461	
 	  			  			  			
Provision for income taxes	  	 	53	  	 	89	  	 	142	
 	  			  			  			
SEGMENT NET EARNINGS	  	$	174	  	$	145	  	$	319	

Nine months ended September 30, 2003 
	  	U. S.
	  	International
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	
Premiums	  	$	374	  	$	148	  	$	522	
Net investment income	  	 	97	  	 	63	  	 	160	
Policy fees and other income	  	 	30	  	 	8	  	 	38	
 	  			  			  			
Total revenues	  	 	501	  	 	219	  	 	720	
 	  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	57	  	 	12	  	 	69	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	182	  	 	43	  	 	225	
Amortization of deferred acquisition costs and intangibles	  	 	18	  	 	8	  	 	26	
 	  			  			  			
Total benefits and expenses	  	 	257	  	 	63	  	 	320	
 	  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	244	  	 	156	  	 	400	
 	  			  			  			
Provision for income taxes	  	 	58	  	 	50	  	 	108	
 	  			  			  			
SEGMENT NET EARNINGS	  	$	186	  	$	106	  	$	292	

47

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Corporate and Other
(Dollar amounts in millions)

Three months ended September 30, 2004 
	  	Total
	 	
REVENUES	  	 	 	 	
Premiums	  	$	22	 	
Net investment income	  	 	29	 	
Net realized investment gains	  	 	3	 	
Policy fees and other income	  	 	6	 	
 	  				
Total revenues	  	 	60	 	
 	  				
BENEFITS AND EXPENSES	  	 	 	 	
Benefits and other changes in policy reserves	  	 	9	 	
Interest credited	  	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	9	 	
Amortization of deferred acquisition costs and intangibles	  	 	7	 	
Interest expense	  	 	56	 	
 	  				
Total benefits and expenses	  	 	81	 	
 	  				
EARNINGS BEFORE INCOME TAXES	  	 	(21	)	
 	  				
Provision for income taxes	  	 	(15	)	
 	  				
SEGMENT NET LOSS	  	$	(6	)	

Three months ended September 30, 2003 
	  	Total
	 	
REVENUES	  	 	 	 	
Premiums	  	$	29	 	
Net investment income	  	 	43	 	
Net realized investment gains	  	 	(13	)	
Policy fees and other income	  	 	2	 	
 	  				
Total revenues	  	 	61	 	
 	  				
BENEFITS AND EXPENSES	  	 	 	 	
Benefits and other changes in policy reserves	  	 	12	 	
Interest credited	  	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	55	 	
Amortization of deferred acquisition costs and intangibles	  	 	5	 	
Interest expense	  	 	39	 	
 	  				
Total benefits and expenses	  	 	111	 	
 	  				
LOSS BEFORE INCOME TAXES	  	 	(50	)	
 	  				
Benefit from income taxes	  	 	(22	)	
 	  				
SEGMENT NET LOSS	  	$	(28	)	

48

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Corporate and Other
(Dollar amounts in millions)

Nine months ended September 30, 2004 
	  	Total
	 	
REVENUES	  	 	 	 	
Premiums	  	$	74	 	
Net investment income	  	 	119	 	
Net realized investment gains	  	 	27	 	
Policy fees and other income	  	 	10	 	
 	  				
Total revenues	  	 	230	 	
 	  				
BENEFITS AND EXPENSES	  	 	 	 	
Benefits and other changes in policy reserves	  	 	28	 	
Interest credited	  	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	50	 	
Amortization of deferred acquisition costs and intangibles	  	 	13	 	
Interest expense	  	 	144	 	
 	  				
Total benefits and expenses	  	 	235	 	
 	  				
EARNINGS BEFORE INCOME TAXES	  	 	(5	)	
 	  				
Provision for income taxes	  	 	7	 	
 	  				
SEGMENT NET LOSS	  	$	(12	)	

Nine months ended September 30, 2003 
	  	Total
	 	
REVENUES	  	 	 	 	
Premiums	  	$	79	 	
Net investment loss	  	 	36	 	
Net realized investment loss	  	 	(29	)	
Policy fees and other income	  	 	6	 	
 	  				
Total revenues	  	 	92	 	
 	  				
BENEFITS AND EXPENSES	  	 	 	 	
Benefits and other changes in policy reserves	  	 	33	 	
Interest credited	  	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	100	 	
Amortization of deferred acquisition costs and intangibles	  	 	11	 	
Interest expense	  	 	93	 	
 	  				
Total benefits and expenses	  	 	237	 	
 	  				
LOSS BEFORE INCOME TAXES	  	 	(145	)	
 	  				
Benefit from income taxes	  	 	(67	)	
 	  				
SEGMENT NET LOSS	  	$	(78	)	

49

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Combined Net Earnings
(Dollar amounts in millions)

 	  	2004
	  	2003
	
	  	Q3
	  	Q2
	  	Q1
	  	YTD
	  	Q4
	  	Q3
	 	 	Q2
	 	 	Q1
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	 	 	 	  	 	 	
Premiums	  	$	1,523	  	$	1,708	  	$	1,722	  	$	4,953	  	$	1,766	  	$	1,664	 	 	$	1,690	 	 	$	1,587	  	$	6,707	
Net investment income	  	 	785	  	 	1,001	  	 	1,037	  	 	2,823	  	 	1,031	  	 	1,033	 	 	 	995	 	 	 	992	  	 	4,051	
Net realized investment gains	  	 	3	  	 	8	  	 	16	  	 	27	  	 	39	  	 	(13	)	 	 	(37	)	 	 	21	  	 	10	
Policy fees and other income	  	 	159	  	 	204	  	 	249	  	 	612	  	 	230	  	 	232	 	 	 	219	 	 	 	234	  	 	915	
 	  			  			  			  			  			  				 				 			  			
Total revenues	  	 	2,470	  	 	2,921	  	 	3,024	  	 	8,415	  	 	3,066	  	 	2,916	 	 	 	2,867	 	 	 	2,834	  	 	11,683	
 	  			  			  			  			  			  				 				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	1,034	  	 	1,290	  	 	1,351	  	 	3,675	  	 	1,464	  	 	1,345	 	 	 	1,205	 	 	 	1,256	  	 	5,270	
Interest credited	  	 	328	  	 	364	  	 	396	  	 	1,088	  	 	402	  	 	407	 	 	 	406	 	 	 	409	  	 	1,624	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	399	  	 	476	  	 	508	  	 	1,383	  	 	427	  	 	525	 	 	 	476	 	 	 	488	  	 	1,916	
Amortization of deferred acquisition costs and intangibles	  	 	242	  	 	305	  	 	345	  	 	892	  	 	416	  	 	276	 	 	 	359	 	 	 	300	  	 	1,351	
Interest expense	  	 	60	  	 	47	  	 	47	  	 	154	  	 	46	  	 	40	 	 	 	27	 	 	 	27	  	 	140	
 	  			  			  			  			  			  				 				 			  			
Total benefits and expenses	  	 	2,063	  	 	2,482	  	 	2,647	  	 	7,192	  	 	2,755	  	 	2,593	 	 	 	2,473	 	 	 	2,480	  	 	10,301	
 	  			  			  			  			  			  				 				 			  			
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	  	 	407	  	 	439	  	 	377	  	 	1,223	  	 	311	  	 	323	 	 	 	394	 	 	 	354	  	 	1,382	
 	  			  			  			  			  			  				 				 			  			
Provision for income taxes	  	 	136	  	 	171	  	 	117	  	 	424	  	 	91	  	 	93	 	 	 	129	 	 	 	100	  	 	413	
 	  			  			  			  			  			  				 				 			  			
NET EARNINGS FROM CONTINUING OPERATIONS	  	$	271	  	$	268	  	$	260	  	$	799	  	$	220	  	$	230	 	 	$	265	 	 	$	254	  	$	969	

50

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Protection
(Dollar amounts in millions)

 	  	2004
	  	2003
	
 	  	Q3
	  	Q2
	  	Q1
	  	YTD
	  	Q4
	  	Q3
	  	Q2
	  	Q1
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	1,085	  	$	1,132	  	$	1,170	  	$	3,387	  	$	1,181	  	$	1,150	  	$	1,175	  	$	1,082	  	$	4,588	
Net investment income	  	 	298	  	 	306	  	 	309	  	 	913	  	 	305	  	 	298	  	 	297	  	 	299	  	 	1,199	
Policy fees and other income	  	 	91	  	 	79	  	 	87	  	 	257	  	 	93	  	 	91	  	 	81	  	 	91	  	 	356	
 	  			  			  			  			  			  			  			  			  			
Total Revenues	  	 	1,474	  	 	1,517	  	 	1,566	  	 	4,557	  	 	1,579	  	 	1,539	  	 	1,553	  	 	1,472	  	 	6,143	
 	  			  			  			  			  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	698	  	 	727	  	 	760	  	 	2,185	  	 	805	  	 	774	  	 	715	  	 	703	  	 	2,997	
Interest credited	  	 	91	  	 	90	  	 	90	  	 	271	  	 	90	  	 	92	  	 	92	  	 	91	  	 	365	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	267	  	 	272	  	 	276	  	 	815	  	 	214	  	 	286	  	 	252	  	 	267	  	 	1,019	
Amortization of deferred acquisition costs and intangibles	  	 	198	  	 	219	  	 	244	  	 	661	  	 	312	  	 	185	  	 	294	  	 	210	  	 	1,001	
Interest expense	  	 	4	  	 	2	  	 	3	  	 	9	  	 	2	  	 	1	  	 	—  	  	 	—  	  	 	3	
 	  			  			  			  			  			  			  			  			  			
Total benefits and expenses	  	 	1,258	  	 	1,310	  	 	1,373	  	 	3,941	  	 	1,423	  	 	1,338	  	 	1,353	  	 	1,271	  	 	5,385	
 	  			  			  			  			  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	216	  	 	207	  	 	193	  	 	616	  	 	156	  	 	201	  	 	200	  	 	201	  	 	758	
 	  			  			  			  			  			  			  			  			  			
Provision for income taxes	  	 	81	  	 	78	  	 	69	  	 	228	  	 	61	  	 	71	  	 	69	  	 	70	  	 	271	
 	  			  			  			  			  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	135	  	$	129	  	$	124	  	$	388	  	$	95	  	$	130	  	$	131	  	$	131	  	$	487	

51

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Retirement Income and Investments
(Dollar amounts in millions)

 	  	2004
	  	2003
	
 	  	Q3
	  	Q2
	  	Q1
	  	YTD
	  	Q4
	  	Q3
	  	Q2
	  	Q1
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Premiums	  	$	219	  	$	321	  	$	277	  	$	817	  	$	303	  	$	237	  	$	251	  	$	258	  	$	1,049	
Net investment income	  	 	393	  	 	569	  	 	617	  	 	1,579	  	 	630	  	 	618	  	 	624	  	 	639	  	 	2,511	
Policy fees and other income	  	 	52	  	 	76	  	 	85	  	 	213	  	 	60	  	 	61	  	 	58	  	 	64	  	 	243	
 	  			  			  			  			  			  			  			  			  			
Total revenues	  	 	664	  	 	966	  	 	979	  	 	2,609	  	 	993	  	 	916	  	 	933	  	 	961	  	 	3,803	
 	  			  			  			  			  			  			  			  			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	281	  	 	495	  	 	494	  	 	1,270	  	 	510	  	 	463	  	 	454	  	 	459	  	 	1,886	
Interest credited	  	 	237	  	 	274	  	 	306	  	 	817	  	 	312	  	 	315	  	 	314	  	 	318	  	 	1,259	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	59	  	 	68	  	 	75	  	 	202	  	 	76	  	 	45	  	 	53	  	 	65	  	 	239	
Amortization of deferred acquisition costs and intangibles	  	 	25	  	 	54	  	 	57	  	 	136	  	 	57	  	 	49	  	 	30	  	 	54	  	 	190	
Interest expense	  	 	—  	  	 	1	  	 	—  	  	 	1	  	 	—  	  	 	—  	  	 	—  	  	 	—  	  	 	—  	
 	  			  			  			  			  			  			  			  			  			
Total benefits and expenses	  	 	602	  	 	892	  	 	932	  	 	2,426	  	 	955	  	 	872	  	 	851	  	 	896	  	 	3,574	
 	  			  			  			  			  			  			  			  			  			
EARNINGS BEFORE INCOME TAXES	  	 	62	  	 	74	  	 	47	  	 	183	  	 	38	  	 	44	  	 	82	  	 	65	  	 	229	
 	  			  			  			  			  			  			  			  			  			
Provision for income taxes	  	 	22	  	 	27	  	 	16	  	 	65	  	 	15	  	 	13	  	 	27	  	 	23	  	 	78	
 	  			  			  			  			  			  			  			  			  			
SEGMENT NET EARNINGS	  	$	40	  	$	47	  	$	31	  	$	118	  	$	23	  	$	31	  	$	55	  	$	42	  	$	151	

52

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Mortgage Insurance
(Dollar amounts in millions)

 	  	2004
	  	2003
	
 	  	Q3
	  	Q2
	  	Q1
	  	YTD
	  	Q4
	  	Q3
	  	Q2
	 	 	Q1
	  	Total
	
REVENUES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	  	 	 	
Premiums	  	$	197	  	$	195	  	$	195	  	$	587	  	$	194	  	$	182	  	$	175	 	 	$	165	  	$	716	
Net investment income	  	 	65	  	 	61	  	 	60	  	 	186	  	 	58	  	 	56	  	 	54	 	 	 	50	  	 	218	
Policy fees and other income	  	 	10	  	 	10	  	 	8	  	 	28	  	 	10	  	 	13	  	 	13	 	 	 	12	  	 	48	
 	  			  			  			  			  			  			  				 			  			
Total revenues	  	 	272	  	 	266	  	 	263	  	 	801	  	 	262	  	 	251	  	 	242	 	 	 	227	  	 	982	
 	  			  			  			  			  			  			  				 			  			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	 	 	 	 	  	 	 	
Benefits and other changes in policy reserves	  	 	46	  	 	27	  	 	39	  	 	112	  	 	46	  	 	44	  	 	(8	)	 	 	33	  	 	115	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	64	  	 	65	  	 	64	  	 	193	  	 	74	  	 	74	  	 	81	 	 	 	70	  	 	299	
Amortization of deferred acquisition costs and intangibles	  	 	12	  	 	11	  	 	12	  	 	35	  	 	11	  	 	10	  	 	8	 	 	 	8	  	 	37	
 	  			  			  			  			  			  			  				 			  			
Total benefits and expenses	  	 	122	  	 	103	  	 	115	  	 	340	  	 	131	  	 	128	  	 	81	 	 	 	111	  	 	451	
 	  			  			  			  			  			  			  				 			  			
EARNINGS BEFORE INCOME TAXES	  	 	150	  	 	163	  	 	148	  	 	461	  	 	131	  	 	123	  	 	161	 	 	 	116	  	 	531	
 	  			  			  			  			  			  			  				 			  			
Provision for income taxes	  	 	48	  	 	49	  	 	45	  	 	142	  	 	54	  	 	30	  	 	47	 	 	 	31	  	 	162	
 	  			  			  			  			  			  			  				 			  			
SEGMENT NET EARNINGS	  	$	102	  	$	114	  	$	103	  	$	319	  	$	77	  	$	93	  	$	114	 	 	$	85	  	$	369	

53

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Corporate and Other
(Dollar amounts in millions)

 	  	2004
	 	 	2003
	 	
 	  	Q3
	 	 	Q2
	 	 	Q1
	 	 	YTD
	 	 	Q4
	 	 	Q3
	 	 	Q2
	 	 	Q1
	 	 	Total
	 	
REVENUES:	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Premiums	  	$	22	 	 	$	26	 	 	$	26	 	 	$	74	 	 	$	31	 	 	$	29	 	 	$	26	 	 	$	24	 	 	$	110	 	
Net investment income (loss)	  	 	29	 	 	 	57	 	 	 	33	 	 	 	119	 	 	 	25	 	 	 	43	 	 	 	3	 	 	 	(10	)	 	 	61	 	
Net realized investment gains	  	 	3	 	 	 	8	 	 	 	16	 	 	 	27	 	 	 	39	 	 	 	(13	)	 	 	(37	)	 	 	21	 	 	 	10	 	
Policy fees and other income	  	 	6	 	 	 	2	 	 	 	2	 	 	 	10	 	 	 	2	 	 	 	2	 	 	 	2	 	 	 	2	 	 	 	8	 	
 	  				 				 				 				 				 				 				 				 				
Total revenues	  	 	60	 	 	 	93	 	 	 	77	 	 	 	230	 	 	 	97	 	 	 	61	 	 	 	(6	)	 	 	37	 	 	 	189	 	
 	  				 				 				 				 				 				 				 				 				
BENEFITS AND EXPENSES	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	9	 	 	 	10	 	 	 	9	 	 	 	28	 	 	 	43	 	 	 	12	 	 	 	12	 	 	 	9	 	 	 	76	 	
Interest credited	  	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	 	 	—  	 	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	9	 	 	 	22	 	 	 	19	 	 	 	50	 	 	 	15	 	 	 	55	 	 	 	23	 	 	 	22	 	 	 	115	 	
Amortization of deferred acquisition costs and intangibles	  	 	7	 	 	 	3	 	 	 	3	 	 	 	13	 	 	 	7	 	 	 	5	 	 	 	3	 	 	 	3	 	 	 	18	 	
Interest expense	  	 	56	 	 	 	44	 	 	 	44	 	 	 	144	 	 	 	44	 	 	 	39	 	 	 	27	 	 	 	27	 	 	 	137	 	
 	  				 				 				 				 				 				 				 				 				
Total benefits and expenses	  	 	81	 	 	 	79	 	 	 	75	 	 	 	235	 	 	 	109	 	 	 	111	 	 	 	65	 	 	 	61	 	 	 	346	 	
 	  				 				 				 				 				 				 				 				 				
EARNINGS (LOSS) BEFORE INCOME TAXES	  	 	(21	)	 	 	14	 	 	 	2	 	 	 	(5	)	 	 	(12	)	 	 	(50	)	 	 	(71	)	 	 	(24	)	 	 	(157	)	
 	  				 				 				 				 				 				 				 				 				
Provision (benefit) for income taxes	  	 	(15	)	 	 	24	 	 	 	(2	)	 	 	7	 	 	 	(36	)	 	 	(22	)	 	 	(25	)	 	 	(20	)	 	 	(103	)	
 	  				 				 				 				 				 				 				 				 				
SEGMENT NET EARNINGS (LOSS)	  	$	(6	)	 	$	(10	)	 	$	4	 	 	$	(12	)	 	$	24	 	 	$	(28	)	 	$	(46	)	 	$	(4	)	 	$	(54	)	

54

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Net Earnings - Affinity
(Dollar amounts in millions)

 	  	2004
	 	    	2003
	
 	  	Q3
	  	Q2
	 	 	Q1
	 	 	YTD
	 	    	Q4
	 	 	Q3
	  	Q2
	  	Q1
	 	 	Total
	
REVENUES:	  	 	 	  	 	 	 	 	 	 	 	 	 	 	 	    	 	 	 	 	 	 	  	 	 	  	 	 	 	 	 	 	
Premiums	  	$	—  	  	$	34	 	 	$	54	 	 	$	88	 	    	$	57	 	 	$	66	  	$	63	  	$	58	 	 	$	244	
Net investment income	  	 	—  	  	 	8	 	 	 	18	 	 	 	26	 	    	 	13	 	 	 	18	  	 	17	  	 	14	 	 	 	62	
Realized investment gains (losses)	  	 	—  	  	 	—  	 	 	 	—  	 	 	 	—  	 	    	 	—  	 	 	 	—  	  	 	—  	  	 	—  	 	 	 	—  	
Policy fees and other income	  	 	—  	  	 	37	 	 	 	67	 	 	 	104	 	    	 	65	 	 	 	65	  	 	65	  	 	65	 	 	 	260	
 	  			  				 				 				    				 			  			  				 			
Total revenues	  	 	—  	  	 	79	 	 	 	139	 	 	 	218	 	    	 	135	 	 	 	149	  	 	145	  	 	137	 	 	 	566	
 	  			  				 				 				    				 			  			  				 			
BENEFITS AND EXPENSES:	  	 	 	  	 	 	 	 	 	 	 	 	 	 	 	    	 	 	 	 	 	 	  	 	 	  	 	 	 	 	 	 	
Benefits and other changes in policy reserves	  	 	—  	  	 	31	 	 	 	49	 	 	 	80	 	    	 	60	 	 	 	52	  	 	32	  	 	52	 	 	 	196	
Underwriting, acquisition and insurance expenses, net of deferrals	  	 	—  	  	 	49	 	 	 	74	 	 	 	123	 	    	 	48	 	 	 	65	  	 	67	  	 	64	 	 	 	244	
Amortization of deferred acquisition costs and intangibles	  	 	—  	  	 	18	 	 	 	29	 	 	 	47	 	    	 	29	 	 	 	27	  	 	24	  	 	25	 	 	 	105	
 	  			  				 				 				    				 			  			  				 			
Total benefits and expenses	  	 	—  	  	 	98	 	 	 	152	 	 	 	250	 	    	 	137	 	 	 	144	  	 	123	  	 	141	 	 	 	545	
 	  			  				 				 				    				 			  			  				 			
(LOSS) EARNINGS BEFORE INCOME TAXES	  	 	—  	  	 	(19	)	 	 	(13	)	 	 	(32	)	    	 	(2	)	 	 	5	  	 	22	  	 	(4	)	 	 	21	
 	  			  				 				 				    				 			  			  				 			
Provision (benefit) for income taxes	  	 	—  	  	 	(7	)	 	 	(11	)	 	 	(18	)	    	 	(3	)	 	 	1	  	 	11	  	 	(4	)	 	 	5	
 	  			  				 				 				    				 			  			  				 			
SEGMENT NET (LOSS) EARNINGS	  	$	—  	  	$	(12	)	 	$	(2	)	 	$	(14	)	    	$	1	 	 	$	4	  	$	11	  	$	—  	 	 	$	16	

55

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT

ADDITIONAL
STATISTICAL DATA

56

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Deferred Acquisition Costs
(Dollar amounts in millions) 

Deferred Acquisition Costs - Combined
	  	Total
	 	 	Protection
Segment
	 	 	RI&I
Segment
	 	 	Mortgage
Segment
	 	 	Corporate
Segment
	 	
Balance at June 30, 2004	  	$	5,045	 	 	$	4,223	 	 	$	715	 	 	$	100	 	 	$	7	 	
Costs Deferred	  	 	253	 	 	 	192	 	 	 	47	 	 	 	13	 	 	 	1	 	
Amortization, net	  	 	(209	)	 	 	(174	)	 	 	(23	)	 	 	(10	)	 	 	(2	)	
Impact of foreign currency translation	  	 	(8	)	 	 	(11	)	 	 	—  	 	 	 	3	 	 	 	—  	 	
 	  				 				 				 				 				
Unamortized balance at September 30, 2004	  	 	5,081	 	 	 	4,230	 	 	 	739	 	 	 	106	 	 	 	6	 	
Accumulated effect of net unrealized investment gains	  	 	(214	)	 	 	(15	)	 	 	(199	)	 	 	—  	 	 	 	—  	 	
 	  				 				 				 				 				
Balance at September 30, 2004	  	$	4,867	 	 	$	4,215	 	 	$	540	 	 	$	106	 	 	$	6	 	

57

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Investments Summary
(Dollar amounts in millions) 

 	  	 	  	September 30, 2004
	 	 	June 30, 2004
	 	 	March 31, 2004
	 	 	December 31, 2003
	 	
 	  	 	  	Carrying
Amount
	  	% of Total
	 	 	Carrying
Amount
	  	% of Total
	 	 	Carrying
Amount
	  	% of Total
	 	 	Carrying
Amount
	  	% of Total
	 	
Composition of Investment Portfolio	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Fixed maturities, available-for-sale:	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Public	  	$	39,210	  	59	%	 	$	36,703	  	59	%	 	$	54,054	  	65	%	 	$	51,336	  	64	%	
Private	  	 	11,619	  	18	%	 	 	11,298	  	18	%	 	 	14,861	  	18	%	 	 	14,149	  	18	%	
Mortgage loans	  	 	5,877	  	9	%	 	 	5,800	  	9	%	 	 	6,124	  	7	%	 	 	6,114	  	8	%	
Equity securities and other investments	  	 	4,659	  	7	%	 	 	3,910	  	6	%	 	 	4,082	  	5	%	 	 	4,389	  	5	%	
Policy loans	  	 	1,215	  	2	%	 	 	1,108	  	2	%	 	 	1,114	  	1	%	 	 	1,105	  	1	%	
Restricted investments held by securitization entities	  	 	925	  	1	%	 	 	956	  	2	%	 	 	1,018	  	1	%	 	 	1,069	  	1	%	
Cash, cash equivalents and short-term investments	  	 	2,667	  	4	%	 	 	2,240	  	4	%	 	 	2,465	  	3	%	 	 	2,513	  	3	%	
 	  	 	  			  			 			  			 			  			 			  			
Total invested assets and cash	  	$	66,172	  	100	%	 	$	62,015	  	100	%	 	$	83,718	  	100	%	 	$	80,675	  	100	%	

 	  	 	  	September 30, 2004
	 	 	June 30, 2004
	 	 	March 31, 2004
	 	 	December 31, 2003
	 	
 	  	Estimated
Fair Value
	  	% of Total
	 	 	Estimated
Fair Value
	  	% of Total
	 	 	Estimated
Fair Value
	  	% of Total
	 	 	Estimated
Fair Value
	  	% of Total
	 	
Public Fixed Maturities - Credit Quality:	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
NAIC Designation	  	Rating Agency Equivalent Designation	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
1	  	Aaa/Aa/A	  	$	27,876	  	71	%	 	$	26,053	  	71	%	 	$	34,481	  	64	%	 	$	33,212	  	64	%	
2	  	Baa	  	 	9,320	  	24	%	 	 	8,758	  	24	%	 	 	15,770	  	29	%	 	 	14,778	  	29	%	
3	  	Ba	  	 	1,329	  	4	%	 	 	1,189	  	3	%	 	 	2,313	  	4	%	 	 	1,896	  	4	%	
4	  	B	  	 	567	  	1	%	 	 	571	  	2	%	 	 	1,122	  	2	%	 	 	979	  	2	%	
5	  	Caa and lower	  	 	59	  	0	%	 	 	94	  	0	%	 	 	217	  	1	%	 	 	272	  	1	%	
6	  	In or near default	  	 	21	  	0	%	 	 	21	  	0	%	 	 	79	  	0	%	 	 	104	  	0	%	
Not rated	  	Not rated	  	 	37	  	0	%	 	 	17	  	0	%	 	 	72	  	0	%	 	 	95	  	0	%	
 	  	 	  			  			 			  			 			  			 			  			
 	  	Total public fixed maturities	  	$	39,209	  	100	%	 	$	36,703	  	100	%	 	$	54,054	  	100	%	 	$	51,336	  	100	%	
 	  	 	  			  			 			  			 			  			 			  			
Private Fixed Maturities - Credit Quality:	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
NAIC Designation	  	Rating Agency Equivalent Designation	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
1	  	Aaa/Aa/A	  	$	6,025	  	52	%	 	$	5,853	  	52	%	 	$	7,872	  	53	%	 	$	7,388	  	52	%	
2	  	Baa	  	 	4,605	  	40	%	 	 	4,476	  	40	%	 	 	5,692	  	38	%	 	 	5,442	  	38	%	
3	  	Ba	  	 	597	  	5	%	 	 	628	  	5	%	 	 	783	  	5	%	 	 	728	  	5	%	
4	  	B	  	 	191	  	2	%	 	 	123	  	1	%	 	 	210	  	2	%	 	 	228	  	2	%	
5	  	Caa and lower	  	 	106	  	1	%	 	 	101	  	1	%	 	 	138	  	1	%	 	 	177	  	1	%	
6	  	In or near default	  	 	74	  	0	%	 	 	92	  	1	%	 	 	98	  	1	%	 	 	86	  	1	%	
Not rated	  	Not rated	  	 	22	  	0	%	 	 	25	  	0	%	 	 	68	  	0	%	 	 	100	  	1	%	
 	  	 	  			  			 			  			 			  			 			  			
 	  	Total private fixed maturities	  	$	11,620	  	100	%	 	$	11,298	  	100	%	 	$	14,861	  	100	%	 	$	14,149	  	100	%	

58

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Fixed Maturity Summary
(Dollar amounts in millions) 

 	  	September 30, 2004
	 	 	June 30, 2004
	 	 	March 31, 2004
	 	 	December 31, 2003
	 	
 	  	Estimated
Fair Value
	  	% of Total
	 	 	Estimated
Fair Value
	  	% of Total
	 	 	Estimated
Fair Value
	  	% of Total
	 	 	Estimated
Fair Value
	  	% of Total
	 	
Fixed maturities - Security Sector:	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
U.S. government & agencies	  	$	569	  	1	%	 	$	614	  	1	%	 	$	1,189	  	2	%	 	$	1,055	  	2	%	
State and municipal	  	 	3,267	  	6	%	 	 	3,140	  	7	%	 	 	3,359	  	5	%	 	 	3,350	  	5	%	
Foreign government	  	 	1,453	  	3	%	 	 	1,462	  	3	%	 	 	1,660	  	2	%	 	 	1,551	  	2	%	
U.S. corporate	  	 	21,254	  	42	%	 	 	20,389	  	43	%	 	 	35,058	  	51	%	 	 	33,025	  	50	%	
Foreign corporate	  	 	6,550	  	13	%	 	 	5,846	  	12	%	 	 	8,773	  	13	%	 	 	7,949	  	12	%	
Mortgage-backed	  	 	7,969	  	16	%	 	 	6,948	  	14	%	 	 	8,421	  	12	%	 	 	7,848	  	12	%	
Public utilities	  	 	6,387	  	12	%	 	 	6,152	  	13	%	 	 	6,043	  	9	%	 	 	6,303	  	10	%	
Asset-backed	  	 	3,380	  	7	%	 	 	3,450	  	7	%	 	 	4,412	  	6	%	 	 	4,404	  	7	%	
 	  			  			 			  			 			  			 			  			
Total fixed maturities	  	$	50,829	  	100	%	 	$	48,001	  	100	%	 	$	68,915	  	100	%	 	$	65,485	  	100	%	
 	  			  			 			  			 			  			 			  			
Corporate Bond Holdings - Industry Sector:	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Finance and insurance	  	$	10,080	  	29	%	 	$	9,619	  	30	%	 	$	13,881	  	28	%	 	$	13,069	  	28	%	
Utilities and energy	  	 	7,061	  	21	%	 	 	6,784	  	21	%	 	 	11,238	  	22	%	 	 	10,345	  	22	%	
Consumer - non cyclical	  	 	4,349	  	13	%	 	 	4,213	  	13	%	 	 	6,454	  	13	%	 	 	6,036	  	13	%	
Consumer - cyclical	  	 	2,637	  	8	%	 	 	2,640	  	8	%	 	 	4,028	  	8	%	 	 	4,356	  	9	%	
Capital goods	  	 	2,284	  	7	%	 	 	2,201	  	7	%	 	 	3,327	  	7	%	 	 	2,928	  	6	%	
Industrial	  	 	2,506	  	7	%	 	 	2,263	  	7	%	 	 	3,333	  	7	%	 	 	3,340	  	7	%	
Technology and communications	  	 	2,135	  	6	%	 	 	1,996	  	6	%	 	 	3,268	  	6	%	 	 	2,972	  	6	%	
Transportation	  	 	1,003	  	3	%	 	 	900	  	3	%	 	 	1,953	  	4	%	 	 	1,970	  	4	%	
Other	  	 	2,136	  	6	%	 	 	1,771	  	5	%	 	 	2,392	  	5	%	 	 	2,258	  	5	%	
 	  			  			 			  			 			  			 			  			
Total	  	$	34,191	  	100	%	 	$	32,387	  	100	%	 	$	49,874	  	100	%	 	$	47,274	  	100	%	
 	  			  			 			  			 			  			 			  			
Fixed maturities - Contractual Maturity Dates:	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	
Due in one year or less	  	$	2,952	  	6	%	 	$	1,297	  	3	%	 	$	1,636	  	2	%	 	$	1,761	  	3	%	
Due after one year through five years	  	 	10,660	  	21	%	 	 	10,952	  	23	%	 	 	12,112	  	18	%	 	 	11,817	  	18	%	
Due after five years through ten years	  	 	11,663	  	23	%	 	 	10,924	  	22	%	 	 	14,725	  	21	%	 	 	13,901	  	21	%	
Due after ten years	  	 	14,205	  	28	%	 	 	14,430	  	30	%	 	 	27,609	  	40	%	 	 	25,754	  	39	%	
 	  			  			 			  			 			  			 			  			
Subtotal	  	 	39,480	  	78	%	 	 	37,603	  	78	%	 	 	56,082	  	81	%	 	 	53,233	  	81	%	
Mortgage-backed and asset backed	  	 	11,349	  	22	%	 	 	10,398	  	22	%	 	 	12,833	  	19	%	 	 	12,252	  	19	%	
 	  			  			 			  			 			  			 			  			
Total fixed maturities	  	$	50,829	  	100	%	 	$	48,001	  	100	%	 	$	68,915	  	100	%	 	$	65,485	  	100	%	

59

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Commercial Mortgage Loan Data
(Dollar amounts in millions)

 	  	September 30, 2004
	 	 	June 30, 2004
	 	 	March 31, 2004
	 	 	December 31, 2003
	 	
 	  	Carrying
Amount
	  	% of Total
	 	 	Carrying
Amount
	  	% of Total
	 	 	Carrying
Amount
	  	% of Total
	 	 	Carrying
Amount
	 	 	% of Total
	 	
Summary of Commercial Mortgage Loans	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	
Geographic Region	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	
Pacific	  	$	1,761	  	30	%	 	$	1,707	  	29	%	 	$	1,821	  	29	%	 	$	1,867	 	 	 	31	%	
South Atlantic	  	 	1,196	  	20	%	 	 	1,208	  	21	%	 	 	1,216	  	20	%	 	 	1,194	 	 	 	20	%	
Middle Atlantic	  	 	887	  	15	%	 	 	857	  	15	%	 	 	923	  	15	%	 	 	932	 	 	 	15	%	
East North Central	  	 	681	  	12	%	 	 	706	  	12	%	 	 	789	  	13	%	 	 	771	 	 	 	12	%	
Mountain	  	 	457	  	8	%	 	 	439	  	8	%	 	 	479	  	8	%	 	 	478	 	 	 	8	%	
West South Central	  	 	275	  	5	%	 	 	303	  	5	%	 	 	292	  	5	%	 	 	288	 	 	 	5	%	
West North Central	  	 	261	  	4	%	 	 	246	  	4	%	 	 	261	  	4	%	 	 	271	 	 	 	4	%	
East South Central	  	 	227	  	4	%	 	 	225	  	4	%	 	 	235	  	4	%	 	 	226	 	 	 	4	%	
New England	  	 	132	  	2	%	 	 	109	  	2	%	 	 	108	  	2	%	 	 	87	 	 	 	1	%	
 	  			  			 			  			 			  			 				 				
Total	  	$	5,877	  	100	%	 	$	5,800	  	100	%	 	$	6,124	  	100	%	 	$	6,114	 	 	 	100	%	
 	  			  			 			  			 			  			 				 				
Property Type	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	
Office	  	$	1,774	  	30	%	 	$	1,826	  	32	%	 	$	1,985	  	32	%	 	$	2,024	 	 	 	33	%	
Industrial	  	 	1,768	  	30	%	 	 	1,697	  	29	%	 	 	1,814	  	30	%	 	 	1,812	 	 	 	30	%	
Retail	  	 	1,519	  	26	%	 	 	1,507	  	26	%	 	 	1,508	  	25	%	 	 	1,500	 	 	 	25	%	
Apartments	  	 	612	  	10	%	 	 	575	  	10	%	 	 	589	  	10	%	 	 	573	 	 	 	9	%	
Mixed use/other	  	 	204	  	4	%	 	 	195	  	3	%	 	 	228	  	3	%	 	 	205	 	 	 	3	%	
 	  			  			 			  			 			  			 				 				
Total	  	$	5,877	  	100	%	 	$	5,800	  	100	%	 	$	6,124	  	100	%	 	$	6,114	 	 	 	100	%	

 	  	Principal
Balance
	  	% of Total
	 	 	Principal
Balance
	  	% of Total
	 	 	Principal
Balance
	  	% of Total
	 	 	Principal
Balance
	 	 	% of Total
	 	
Loan Size	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	
Under $5 million	  	$	3,053	  	52	%	 	$	3,008	  	51	%	 	$	3,208	  	52	%	 	$	3,153	 	 	 	51	%	
$5 million but less than $10 million	  	 	1,378	  	23	%	 	 	1,312	  	22	%	 	 	1,352	  	22	%	 	 	1,394	 	 	 	23	%	
$10 million but less than $20 million	  	 	965	  	16	%	 	 	970	  	17	%	 	 	959	  	15	%	 	 	948	 	 	 	15	%	
$20 million but less than $30 million	  	 	287	  	5	%	 	 	314	  	5	%	 	 	358	  	6	%	 	 	309	 	 	 	5	%	
$30 million and over	  	 	238	  	4	%	 	 	241	  	4	%	 	 	296	  	5	%	 	 	358	 	 	 	6	%	
 	  			  			 			  			 			  			 				 				
Total	  	$	5,921	  	100	%	 	$	5,845	  	100	%	 	$	6,173	  	100	%	 	$	6,162	 	 	 	100	%	
 	  			  			 			  			 			  			 				 				
 	  	 	  	 	 	 	 	  	 	 	 	 	  	 	 	 	9/30/04
	 	 	 
12/31/03
	 	
Allowance for Losses on Mortgage Loans	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	 	 	 	 	 	 	
Balance, beginning of year	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	$	50	 	 	$	45	 	
Additions	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	4	 	 	 	8	 	
Deductions for write-downs and dispositions	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	 	(4	)	 	 	(3	)	
 	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 				 				
Balance, end of year	  	 	 	  	 	 	 	 	 	  	 	 	 	 	 	  	 	 	 	$	50	 	 	$	50	 	

60

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Historical Segment Sales
(Dollar amounts in millions) 

 	  	2004
	  	2003
	
 	  	Q3
	  	Q2
	  	Q1
	  	YTD
	  	Q4
	  	Q3
	  	Q2
	  	Q1
	  	Total
	
Protection Segment 1 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Annualized first-year premiums 4 : 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Term life	  	$	26	  	$	23	  	$	26	  	$	75	  	$	19	  	$	24	  	$	31	  	$	32	  	$	106	
Universal life	  	 	10	  	 	9	  	 	11	  	 	30	  	 	12	  	 	15	  	 	17	  	 	14	  	 	58	
Long term care	  	 	39	  	 	41	  	 	41	  	 	121	  	 	54	  	 	62	  	 	62	  	 	62	  	 	240	
Group	  	 	39	  	 	40	  	 	26	  	 	105	  	 	57	  	 	32	  	 	34	  	 	21	  	 	144	
 	  			  			  			  			  			  			  			  			  			
Total annualized first-year premiums 4 	  	 	114	  	 	113	  	 	104	  	 	331	  	 	142	  	 	133	  	 	144	  	 	129	  	 	548	
Written premiums 4 : 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Payment protection	  	 	397	  	 	402	  	 	351	  	 	1,150	  	 	498	  	 	648	  	 	523	  	 	506	  	 	2,175	
 	  			  			  			  			  			  			  			  			  			
Total protection segment 1 	  	$	511	  	$	515	  	$	455	  	$	1,481	  	$	640	  	$	781	  	$	667	  	$	635	  	$	2,723	
 	  			  			  			  			  			  			  			  			  			
Retirement Income and Investments (RI&I) Segment 2 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Spread based retail	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Structured settlements	  	$	89	  	$	192	  	$	150	  	$	431	  	$	142	  	$	117	  	$	115	  	$	134	  	$	508	
Income annuities	  	 	187	  	 	164	  	 	201	  	 	552	  	 	229	  	 	177	  	 	177	  	 	137	  	 	720	
Fixed annuities	  	 	653	  	 	372	  	 	411	  	 	1,436	  	 	304	  	 	289	  	 	133	  	 	302	  	 	1,028	
 	  			  			  			  			  			  			  			  			  			
Total spread based retail	  	 	929	  	 	728	  	 	762	  	 	2,419	  	 	675	  	 	583	  	 	425	  	 	573	  	 	2,256	
Fee based	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Variable annuities	  	 	250	  	 	277	  	 	292	  	 	819	  	 	375	  	 	613	  	 	629	  	 	430	  	 	2,047	
Variable life	  	 	4	  	 	5	  	 	5	  	 	14	  	 	6	  	 	6	  	 	6	  	 	6	  	 	24	
Managed assets	  	 	267	  	 	271	  	 	304	  	 	842	  	 	297	  	 	272	  	 	282	  	 	158	  	 	1,009	
 	  			  			  			  			  			  			  			  			  			
Total fee based	  	 	521	  	 	553	  	 	601	  	 	1,675	  	 	678	  	 	891	  	 	917	  	 	594	  	 	3,080	
Spread based institutional	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
Guaranteed investment contracts (GICs)	  	 	80	  	 	111	  	 	74	  	 	265	  	 	66	  	 	234	  	 	159	  	 	194	  	 	653	
Funding agreements backing notes	  	 	500	  	 	210	  	 	180	  	 	890	  	 	460	  	 	—  	  	 	474	  	 	200	  	 	1,134	
Funding agreements	  	 	—  	  	 	100	  	 	100	  	 	200	  	 	—  	  	 	100	  	 	25	  	 	—  	  	 	125	
 	  			  			  			  			  			  			  			  			  			
 	  	 	580	  	 	421	  	 	354	  	 	1,355	  	 	526	  	 	334	  	 	658	  	 	394	  	 	1,912	
 	  			  			  			  			  			  			  			  			  			
Total RI&I segment 2 	  	$	2,030	  	$	1,702	  	$	1,717	  	$	5,449	  	$	1,879	  	$	1,808	  	$	2,000	  	$	1,561	  	$	7,248	
 	  			  			  			  			  			  			  			  			  			
Mortgage Insurance Segment 3 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
New insurance written 4 : 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	
U.S. mortgage insurance	  	$	6,206	  	$	8,055	  	$	6,798	  	$	21,059	  	$	18,087	  	$	17,207	  	$	17,664	  	$	14,530	  	$	67,488	
International mortgage insurance	  	 	13,163	  	 	12,545	  	 	10,905	  	 	36,613	  	 	12,210	  	 	13,026	  	 	7,670	  	 	6,254	  	 	39,160	
 	  			  			  			  			  			  			  			  			  			
Total mortgage insurance segment 3 	  	$	19,369	  	$	20,600	  	$	17,703	  	$	57,672	  	$	30,297	  	$	30,233	  	$	25,334	  	$	20,784	  	$	106,648	

 	1 	In our Protection segment, sales from our life, LTC and group life and health insurance businesses represent annualized first-year premiums. Sales from our payment protection insurance business represent gross written premiums.	
 	2	In our Retirement Income and Investments segment, sales from our life-contingent spread-based retail products represent annualized first-year premiums. Sales from our non-life-contingent spread-based retail products, as well as our fee-based and spread-based institutional products, represent deposits.	
 	3 	In our Mortgage Insurance segment, all sales represent new insurance written.	
 	4 	Annualized first-year premiums are calculated as if they are consistently paid for the full period of the sale even if they were actually paid for only a portion of such period. Written premiums represent total premiums gross of reinsurance and cancellations during the specified. Deposits represent additional investments in investment products during the specified period. New insurance written represents the original principal balance of mortgages covered by newly issued primary mortgage insurance during the specified period.	
 
61

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT

CORPORATE INFORMATION

62

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Industry Ratings
 
Our principal life insurance subsidiaries are rated by A.M. Best, S&P, Moody’s and Fitch as follows:

Company
	  	A.M. Best rating
	  	S&P rating
	  	Moody’s rating
	  	Fitch rating
	
American Mayflower Life Insurance Company of New York	  	A+	  	AA-	  	Aa3	  	AA-	
					
Federal Home Life Insurance Company	  	A+	  	Not rated	  	Aa3	  	AA-	
					
First Colony Life Insurance Company	  	A+	  	AA-	  	Aa3	  	AA-	
					
GE Capital Life Assurance Company of NY	  	A+	  	AA-	  	Aa3	  	AA-	
					
GE Life and Annuity Assurance Company	  	A+	  	AA-	  	Aa3	  	AA-	
					
GE Group Life Assurance Company	  	A	  	AA-	  	Not rated	  	Not rated	
					
General Electric Capital Assurance Company	  	A+	  	AA-	  	Aa3	  	AA-	
 
Our mortgage insurance subsidiaries are rated by S&P, Moody’s and Fitch as follows:

Company(1)
	  	S&P rating
	  	Moody’s rating
	  	Fitch rating
	
General Electric Mortgage Insurance Corporation	  	AA	  	Aa2	  	AA	
GE Mortgage Insurance Company Pty. Limited	  	AA	  	Aa2	  	AA	
GE Mortgage Insurance Limited	  	AA	  	Aa2	  	AA	

(1)	Our Canadian mortgage insurance company is not rated by any of the rating agencies shown above.	
 
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+” (Superior) rating is the second-highest of sixteen ratings assigned by A.M. Best, which range from “A++” to “S”.
 
63

GENWORTH FINANCIAL
3Q 2004 FINANCIAL SUPPLEMENT
 
Industry Ratings (continued)
 
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.
 
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.
 
Fitch states that “AA” (Very Strong) rated insurance companies are viewed as possessing very strong capacity to meet policyholder and contract obligations. Risk factors are modest, and the impact of any adverse business and economic factors is expected to be very small. The “AA” rating category is the second-highest of eight financial strength rating categories, which range from “AAA” to “D.” 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 “AA” and “AA-” ratings are the third- and fourth-highest of Fitch’s 24 ratings categories.
 
A.M. Best, S&P, Moody’s and Fitch 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 insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, and has operations in 20 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information, visit www.genworth.com
 
Inquiries:
 
Genworth Financial, Inc., Richmond
Jean Peters, 804/662-2693
jean.peters@genworth.com
 
Alicia Charity, 804/662-2248
alicia.charity@genworth.com
 
64