SECOND QUARTER FINANCIAL SUPPLEMENT

EXHIBIT 99.1

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GENWORTH FINANCIAL

2Q 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

Statistical Data
Investments Summary		38
Fixed Maturity Summary		39
Commercial Mortgage Loan Data		40
Historical Segment Sales		41

Historical Information
Historical Combined Operating Results
QTD Historical Combined Statement of Earnings by Segment		43
YTD Historical Combined Statement of Earnings by Segment		44

Historical By Segment
QTD Historical Segment Net Earnings - Protection		45
YTD Historical Segment Net Earnings - Protection		46
QTD Historical Segment Net Earnings - Retirement Income and Investments		47
YTD Historical Segment Net Earnings - Retirement Income and Investments		48
Account Values - Retirement Income and Investments		49
QTD Historical Segment Net Earnings - Mortgage Insurance		50
YTD Historical Segment Net Earnings - Mortgage Insurance		51
QTD Historical Segment Net Earnings - Corporate and Other		52
YTD Historical Segment Net Earnings - Corporate and Other		53

Historical Earnings Trends
Historical Combined Net Earnings		54
Historical Segment Net Earnings - Protection		55
Historical Segment Net Earnings - Retirement Income and Investments		56
Historical Segment Net Earnings - Mortgage Insurance		57
Historical Segment Net Earnings - Corporate and Other		58
Historical Segment Net Earnings - Affinity		59

Corporate Information		61 & 62

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Dear Investor/Analyst,

In conjunction with the release of Second 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.

If you have additional questions, please feel free to contact me at Genworth Financial at 804-662-2693.

Regards,

Jean Peters

Senior Vice President

Investor Relations and Corporate Communications

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. The financial information after the date of the corporate reorganization excludes businesses that the company did not acquire from GEFAHI. 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.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

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. 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. The term “net operating loss” as used in this financial supplement is also a non-GAAP financial measure and has a meaning corollary to “net operating 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.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

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) gross written premiums for European 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 or deposits 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.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Dollar amounts in millions, except per share data)


Historical Combined Balance Sheet Data	June 30, 2004
Total stockholders’ equity, excluding accumulated nonowner changes in stockholders’ equity	$	10,691
Total accumulated nonowner changes in stockholders’ equity		386

Total stockholders’ equity	$	11,077

Book value per share
Basic	$	22.63
Diluted	$	22.57
Book value per share, excluding accumulated nonowner changes in stockholders’ equity
Basic	$	21.84
Diluted	$	21.78

Stockholders’ equity refers to stockholders’ interest in the Combined Statement of Financial Position

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Reconciliation to Pro Forma Net Operating Earnings

(Dollar amounts in millions, except per share data)


Reconciliation of net earnings to pro forma net operating earnings	For the Three Months ended June 30,						For the Six Months ended June 30,
	2004			2003			2004			2003
Net earnings	$	268		$	364		$	540		$	695
Net earnings from discontinued operations, net of taxes		—			(99	)		—			(176	)
(Gain) loss on sale of discontinued operations, net of taxes		—			—			(7	)		—
Cumulative effect of accounting change, net of taxes		—			—			(5	)		—

Net earnings from continuing operations		268			265			528			519

Excluded assets and liabilities (a)		6			(10	)		7			(10	)
Reinsurance transactions (b)		(4	)		(2	)		—			(17	)
Capital structure and other (c)		(9	)		(11	)		(18	)		(21	)

Pro forma net earnings from continuing operations		261			242			517			471

Pro forma net realized (gains) losses on investments, net of taxes		(4	)		14			(14	)		1
One-time tax charge relating to initial public offering, net of taxes		22			—			22			—

Pro forma net operating earnings	$	279		$	256		$	525		$	472

Net earnings per share
Basic	$	0.55		$	0.74		$	1.10		$	1.42

Diluted	$	0.55		$	0.74		$	1.10		$	1.42

Net earnings from continuing operations per share
Basic	$	0.55		$	0.54		$	1.08		$	1.06

Diluted	$	0.55		$	0.54		$	1.08		$	1.06

Pro forma net earnings from continuing operations per share
Basic	$	0.53		$	0.49		$	1.06		$	0.96

Diluted	$	0.53		$	0.49		$	1.05		$	0.96

Pro forma net operating earnings per share
Basic	$	0.57		$	0.52		$	1.07		$	0.96

Diluted	$	0.57		$	0.52		$	1.07		$	0.96

Pro forma shares outstanding
Basic		489.5			489.5			489.5			489.5
Diluted		490.9			490.9			490.9			490.9

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

GENWORTH FINANCIAL

2Q 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 and are excluded from the company’s historical combined statement of financial position at June 30, 2004, 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 24, 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.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

HISTORICAL HIGHLIGHTS

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Dollar amounts in millions, except per share data)


	Three months ended June 30,
HISTORICAL COMBINED EARNINGS BY SEGMENT	2004			2003
Earnings (loss) from continuing operations before income taxes
Protection	$	207		$	200
Retirement Income & Investments		74			82
Mortgage Insurance		163			161
Corporate and Other		14			(71	)
Affinity		(19	)		22

Total	$	439		$	394

Net earnings (loss) from continuing operations
Protection	$	129		$	131
Retirement Income and Investments		47			55
Mortgage Insurance		114			114
Corporate and Other		(10	)		(46	)
Affinity		(12	)		11

Total		268			265

Net earnings from discontinued operations, net of taxes		—			99
Gain on sale of discontinued operations, net of taxes		—			—
Cumulative effect of accounting changes, net of taxes		—			—

Net Earnings	$	268		$	364


	Three Months ended June 30,
	2004			Pro Forma¹ 2003
EARNINGS PER SHARE	2004			Pro Forma¹ 2003
Basic EPS
Net earnings from continuing operations	$	0.55		$	0.54
Net earnings from discontinued operations, net of taxes		—			0.20
Gain on sale of discontinued operations, net of taxes		—			—
Cumulative effect of accounting changes, net of taxes		—			—

Basic earnings per share	$	0.55		$	0.74

Diluted EPS
Net earnings from continuing operations	$	0.55		$	0.54
Net earnings from discontinued operations, net of taxes		—			0.20
Gain on sale of discontinued operations, net of taxes		—			—
Cumulative effect of accounting changes, net of taxes		—			—

Diluted earnings per share	$	0.55		$	0.74

Shares outstanding (millions)
Basic		489.5			489.5
Diluted		490.9			490.9

Basic and diluted pro forma earnings per share for the three and six month periods ended June 30, 2003 were calculated by dividing historical net earnings for that period by the basic and diluted number of shares outstanding as of June 30, 2004, assuming in each case that such shares were outstanding as of June 30, 2003.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Dollar amounts in millions, except per share data)


	Six months ended June 30,
HISTORICAL COMBINED EARNINGS BY SEGMENT	2004			2003
Earnings (loss) from continuing operations before income taxes
Protection	$	400		$	401
Retirement Income & Investments		121			147
Mortgage Insurance		311			277
Corporate and Other		16			(95	)
Affinity		(32	)		18

Total	$	816		$	748

Net earnings (loss) from continuing operations
Protection	$	253		$	262
Retirement Income and Investments		78			97
Mortgage Insurance		217			199
Corporate and Other		(6	)		(50	)
Affinity		(14	)		11

Total		528			519

Net earnings from discontinued operations, net of taxes		—			176
Gain on sale of discontinued operations, net of taxes		7			—
Cumulative effect of accounting changes, net of taxes		5			—

Net Earnings	$	540		$	695


	Six Months ended June 30,
	2004			Pro Forma¹ 2003
EARNINGS PER SHARE	2004			Pro Forma¹ 2003
Basic EPS
Net earnings from continuing operations	$	1.08		$	1.06
Net earnings from discontinued operations, net of taxes		—			0.36
Gain on sale of discontinued operations, net of taxes		0.01			—
Cumulative effect of accounting changes, net of taxes		0.01			—

Basic earnings per share	$	1.10		$	1.42

Diluted EPS
Net earnings from continuing operations	$	1.08		$	1.06
Net earnings from discontinued operations, net of taxes		—			0.36
Gain on sale of discontinued operations, net of taxes		0.01			—
Cumulative effect of accounting changes, net of taxes		0.01			—

Diluted earnings per share	$	1.10		$	1.42

Shares outstanding (millions)
Basic		489.5			489.5
Diluted		490.9			490.9

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Earnings From Continuing Operations

(Dollar amounts in millions)


	Three months ended June 30,
	2004			2003
REVENUES:
Premiums	$	1,708		$	1,690
Net investment income		1,001			995
Net realized investment gains (losses)		8			(37	)
Policy fees and other Income		200			216

Total revenues		2,917			2,864

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,296			1,202
Interest credited		354			406
Underwriting, acquisition and insurance expenses, net of deferrals		476			476
Amortization of deferred acquisition costs and intangibles		305			359
Interest expense		47			27

Total benefits and expenses		2,478			2,470

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		439			394
Provision for income taxes		171			129
Effective tax rate		39	%		33	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	268		$	265

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Earnings From Continuing Operations

(Dollar amounts in millions)


	Six months ended June 30,
	2004			2003
REVENUES:
Premiums	$	3,430		$	3,277
Net investment income		2,038			1,987
Net realized investment gains (losses)		24			(16	)
Policy fees and other Income		446			447

Total revenues		5,938			5,695

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		2,644			2,455
Interest credited		750			815
Underwriting, acquisition and insurance expenses, net of deferrals		984			964
Amortization of deferred acquisition costs and intangibles		650			659
Interest expense		94			54

Total benefits and expenses		5,122			4,947

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		816			748
Provision for income taxes		288			229
Effective tax rate		35	%		31	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	528		$	519

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Combined Statement of Financial Position

(Dollar amounts in millions)


	June 30, 2004		December 31, 2003
ASSETS
Investments:
Fixed maturities available-for-sale, at fair value	$	48,001	$	65,485
Equity securities available-for-sale, at fair value		352		600
Mortgage and other loans, net of valuation allowance of $49 and $50		5,800		6,114
Policy loans		1,108		1,105
Short term investments		856		531
Restricted investments held by securitization entities		956		1,069
Other invested assets		3,558		3,789

Total investments		60,631		78,693

Cash and cash equivalents		1,384		1,982
Accrued investment income		736		970
Deferred acquisition costs		4,989		5,788
Intangible assets		889		1,346
Goodwill		1,457		1,728
Reinsurance recoverable		18,817		2,334
Other assets ($30 and $65 restricted in securitization entities)		1,471		2,346
Deferred tax asset		139		—
Separate account assets		8,393		8,244

Total assets	$	98,906	$	103,431

LIABILITIES AND STOCKHOLDERS’ INTEREST
Liabilities:
Future annuity and contract benefits	$	59,935	$	59,257
Liability for policy and contract claims		3,180		3,207
Unearned premiums		3,329		3,616
Other policyholder liabilities		723		465
Other liabilities ($16 and $58 restricted in securitization entities)		7,117		7,051
Non-recourse funding obligations		600		600
Short-term borrowings		500		2,239
Long-term borrowings		2,415		529
3.84% Senior notes due 2009 underlying equity units		600		—
Series A preferred stock, mandatorily redeemable		100		—
Deferred tax liabilities		—		1,405
Borrowings related to securitization entities		937		1,018
Separate account liabilities		8,393		8,244

Total liabilities		87,829		87,631

Stockholders’ interest:
Common stock		—		—
Paid-in capital		10,599		8,377
Accumulated nonowner changes in stockholders’ interest:
Net unrealized investment gains		166		1,518
Derivatives qualifying as hedges		84		(5	)
Foreign currency translation adjustments		136		159

Total accumulated nonowner changes in stockholders’ interest		386		1,672
Retained earnings		92		5,751

Total stockholders’ interest		11,077		15,800

Total liabilities and stockholders’ interest	$	98,906	$	103,431

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

PRO FORMA HIGHLIGHTS

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Dollar amounts in millions, except per share data)


	Three months ended June 30,
PRO FORMA EARNINGS BY SEGMENT	2004			2003
Earnings (loss) from continuing operations before income taxes
Protection	$	206		$	197
Retirement Income & Investments		70			59
Mortgage Insurance		163			161
Corporate and Other		(10	)		(64	)

Total	$	429		$	353

Net earnings (loss) from continuing operations
Protection	$	129		$	129
Retirement Income and Investments		45			40
Mortgage Insurance		114			114
Corporate and Other		(27	)		(41	)

Total	$	261		$	242

Net operating earnings (loss)
Protection	$	129		$	129
Retirement Income and Investments		45			40
Mortgage Insurance		114			114
Corporate and Other (see reconciliation below)		(9	)		(27	)

Total	$	279		$	256


	As of or for the Three Months ended June 30,
PRO FORMA EARNINGS PER SHARE¹	2004			2003
Basic EPS
Net earnings from continuing operations per share	$	0.53		$	0.49
Net operating earnings per share	$	0.57		$	0.52

Diluted EPS
Net earnings from continuing operations per share	$	0.53		$	0.49
Net operating earnings per share	$	0.57		$	0.52

Shares outstanding (millions)
Basic		489.5			489.5
Diluted		490.9			490.9

¹	Basic and diluted pro forma earnings per share for each period were calculated by dividing historical net earnings for such period by the basic and diluted number of shares outstanding as of June 30, 2004, assuming in each case that such shares were outstanding as of June 30, 2003.


Reconciliation of Corporate and Other segment net loss to pro forma net operating loss	Three months ended June 30,
	2004			2003
Segment net loss	$	(10	)	$	(46	)
Excluded assets and liabilities (a)		(6	)		2
Reinsurance transactions (b)		(2	)		14
Capital structure and other (c)		(9	)		(11	)

Pro forma net loss from continuing operations		(27	)		(41	)

Net realized (gains) losses on investments, net of taxes		(4	)		14
One-time tax charge relating to initial public offering		22			—

Pro forma net operating loss	$	(9	)	$	(27	)

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Dollar amounts in millions, except per share data)


	Six months ended June 30,
PRO FORMA EARNINGS BY SEGMENT	2004			2003
Earnings (loss) before income taxes
Protection	$	398		$	388
Retirement Income & Investments		119			100
Mortgage Insurance		311			277
Corporate and Other		(21	)		(95	)

Total earnings (loss) before income taxes	$	807		$	670

Segment net earnings (loss)
Protection	$	252		$	253
Retirement Income and Investments		77			66
Mortgage Insurance		217			199
Corporate and Other		(29	)		(47	)

Total segment net earnings (loss)	$	517		$	471

Net operating earnings (loss)
Protection	$	252		$	253
Retirement Income and Investments		77			66
Mortgage Insurance		217			199
Corporate and Other (see reconciliation below)		(21	)		(46	)

Total	$	525		$	472


	As of or for the Six Months ended June 30,
PRO FORMA EARNINGS PER SHARE¹	2004			2003
Basic EPS
Net earnings from continuing operations per share	$	1.06		$	0.96
Net operating earnings per share	$	1.07		$	0.96
Diluted EPS
Net earnings from continuing operations per share	$	1.05		$	0.96
Net operating earnings per share	$	1.07		$	0.96
Shares outstanding (millions)
Basic		489.5			489.5
Diluted		490.9			490.9

¹	Basic and diluted pro forma earnings per share for each period were calculated by dividing historical net earnings for such period by the basic and diluted number of shares outstanding as of June 30, 2004, assuming in each case that such shares were outstanding as of June 30, 2003.

Reconciliation of Corporate and Other segment net loss to pro forma net operating loss


	Six months ended June 30,
	2004			2003
Segment net loss	$	(6	)	$	(50	)
Excluded assets and liabilities (a)		(6	)		1
Reinsurance transactions (b)		—			23
Capital structure and other (c)		(17	)		(21	)

Pro forma net loss from continuing operations		(29	)		(47	)

Net realized (gains) losses on investments, net of taxes		(14	)		1
One-time tax charge relating to initial public offering		22			—

Pro forma net operating loss	$	(21	)	$	(46	)

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Earnings From Continuing Operations

(Dollar amounts in millions)


	Three months ended June 30,
	2004			2003
REVENUES:
Premiums	$	1,640		$	1,580
Net investment income		815			722
Net realized investment gains (losses)		6			(22	)
Policy fees and other Income		144			120

Total revenues		2,605			2,400

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,106			964
Interest credited		324			340
Underwriting, acquisition and insurance expenses, net of deferrals		420			386
Amortization of deferred acquisition costs and intangibles		267			313
Interest expense		59			44

Total benefits and expenses		2,176			2,047

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		429			353
Provision for income taxes		168			111
Effective tax rate		39	%		31	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	261		$	242

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Earnings From Continuing Operations

(Dollar amounts in millions)


	Six months ended June 30,
	2004			2003
REVENUES:
Premiums	$	3,259		$	3,058
Net investment income		1,587			1,443
Net realized investment gains (losses)		21			(2	)
Policy fees and other Income		293			255

Total revenues		5,160			4,754

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		2,192			1,960
Interest credited		654			683
Underwriting, acquisition and insurance expenses, net of deferrals		834			790
Amortization of deferred acquisition costs and intangibles		553			564
Interest expense		120			87

Total benefits and expenses		4,353			4,084

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		807			670
Provision for income taxes		290			199
Effective tax rate		36	%		30	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	517		$	471

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

ADDITIONAL

PRO FORMA INFORMATION

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Statement of Earnings by Segment

(Dollar amounts in millions)


*Three months ended June 30, 2004*	Protection Segment		RI&I Segment		Mortgage Segment			Corporate Segment			Combined
REVENUES:
Premiums	$	1,098	$	321	$	195		$	26		$	1,640
Net investment income		288		413		61			53			815
Net realized investment gains		—		—		—			6			6
Policy fees and other Income		79		53		10			2			144

Total revenues		1,465		787		266			87			2,605

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		691		379		27			9			1,106
Interest credited		90		234		—			—			324
Underwriting, acquisition and insurance expenses, net of deferrals		262		65		65			28			420
Amortization of deferred acquisition costs and intangibles		214		38		11			4			267
Interest expense		2		1		—			56			59

Total benefits and expenses		1,259		717		103			97			2,176

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		206		70		163			(10	)		429

Provision for income taxes		77		25		49			17			168

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		129		45		114			(27	)		261

Net realized investment gains on investments, net of tax		—		—		—			(4	)		(4	)
One-time tax charge relating to initial public offering		—		—		—			22			22

NET OPERATING EARNINGS (LOSS)	$	129	$	45	$	114		$	(9	)	$	279



*Three months ended June 30, 2003*	Protection Segment		RI&I Segment		Mortgage Segment			Corporate Segment			Combined
REVENUES:
Premiums	$	1,128	$	251	$	175		$	26		$	1,580
Net investment income		271		387		54			10			722
Net realized investment gains		—		—		—			(22	)		(22	)
Policy fees and other Income		81		24		13			2			120

Total revenues		1,480		662		242			16			2,400

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		657		303		(8	)		12			964
Interest credited		92		248		—			—			340
Underwriting, acquisition and insurance expenses, net of deferrals		244		40		81			21			386
Amortization of deferred acquisition costs and intangibles		290		12		8			3			313
Interest expense		—		—		—			44			44

Total benefits and expenses		1,283		603		81			80			2,047

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		197		59		161			(64	)		353

Provision for income taxes		68		19		47			(23	)		111

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		129		40		114			(41	)		242

Net realized investment gains on investments, net of tax		—		—		—			14			14
One-time tax charge relating to initial public offering		—		—		—			—			—

NET OPERATING EARNINGS (LOSS)	$	129	$	40	$	114		$	(27	)	$	256

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Statement of Earnings by Segment

(Dollar amounts in millions)


*Six months ended June 30, 2004*	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Combined
REVENUES:
Premiums	$	2,219	$	598	$	390	$	52		$	3,259
Net investment income		569		809		121		88			1,587
Net realized investment gains		—		—		—		21			21
Policy fees and other Income		166		105		18		4			293

Total revenues		2,954		1,512		529		165			5,160

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,385		723		66		18			2,192
Interest credited		180		474		—		—			654
Underwriting, acquisition and insurance expenses, net of deferrals		531		127		129		47			834
Amortization of deferred acquisition costs and intangibles		455		68		23		7			553
Interest expense		5		1		—		114			120

Total benefits and expenses		2,556		1,393		218		186			4,353

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		398		119		311		(21	)		807

Provision for income taxes		146		42		94		8			290

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		252		77		217		(29	)		517

Net realized investment gains on investments, net of tax		—		—		—		(14	)		(14	)
One-time tax charge relating to initial public offering		—		—		—		22			22

NET OPERATING EARNINGS (LOSS)	$	252	$	77	$	217	$	(21	)	$	525


*Six months ended June 30, 2003*	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Combined
REVENUES:
Premiums	$	2,159	$	509	$	340	$	50		$	3,058
Net investment income		542		788		104		9			1,443
Net realized investment gains		—		—		—		(2	)		(2	)
Policy fees and other Income		172		54		25		4			255

Total revenues		2,873		1,351		469		61			4,754

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,301		613		25		21			1,960
Interest credited		183		500		—		—			683
Underwriting, acquisition and insurance expenses, net of deferrals		505		92		151		42			790
Amortization of deferred acquisition costs and intangibles		496		46		16		6			564
Interest expense		—		—		—		87			87

Total benefits and expenses		2,485		1,251		192		156			4,084

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		388		100		277		(95	)		670

Provision for income taxes		135		34		78		(48	)		199

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		253		66		199		(47	)		471

Net realized investment gains on investments, net of tax		—		—		—		1			1
One-time tax charge relating to initial public offering		—		—		—		—			—

NET OPERATING EARNINGS (LOSS)	$	253	$	66	$	199	$	(46	)	$	472

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Protection

(Dollar amounts in millions)


*Three months ended June 30, 2004*	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	187	$	399	$	359	$	153	$	1,098
Net investment income		109		143		26		10		288
Policy fees and other income		68		1		5		5		79

Total revenues		364		543		390		168		1,465

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		145		374		64		108		691
Interest credited		61		29		—		—		90
Underwriting, acquisition and insurance expenses, net of deferrals		31		62		129		40		262
Amortization of deferred acquisition costs and intangibles		30		11		165		8		214
Interest expense		2		—		—		—		2

Total benefits and expenses		269		476		358		156		1,259

EARNINGS BEFORE INCOME TAXES		95		67		32		12		206

Provision for income taxes		35		24		14		4		77

SEGMENT NET EARNINGS	$	60	$	43	$	18	$	8	$	129



*Three months ended June 30 , 2003*	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	177	$	385	$	413	$	153	$	1,128
Net investment income		113		125		23		10		271
Policy fees and other income		67		4		2		8		81

Total revenues		357		514		438		171		1,480

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		116		337		98		106		657
Interest credited		65		27		—		—		92
Underwriting, acquisition and insurance expenses, net of deferrals		35		68		102		39		244
Amortization of deferred acquisition costs and intangibles		55		18		210		7		290
Interest expense		—		—		—		—		—

Total benefits and expenses		271		450		410		152		1,283

EARNINGS BEFORE INCOME TAXES		86		64		28		19		197

Provision for income taxes		32		23		6		7		68

SEGMENT NET EARNINGS	$	54	$	41	$	22	$	12	$	129

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Protection

(Dollar amounts in millions)


*Six months ended June 30, 2004*	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	377	$	790	$	744	$	308	$	2,219
Net investment income		218		278		52		21		569
Policy fees and other income		143		3		10		10		166

Total revenues		738		1,071		806		339		2,954

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		306		716		145		218		1,385
Interest credited		123		57		—		—		180
Underwriting, acquisition and insurance expenses, net of deferrals		60		135		254		82		531
Amortization of deferred acquisition costs and intangibles		59		35		345		16		455
Interest expense		5		—		—		—		5

Total benefits and expenses		553		943		744		316		2,556

EARNINGS BEFORE INCOME TAXES		185		128		62		23		398

Provision for income taxes		68		46		24		8		146

SEGMENT NET EARNINGS	$	117	$	82	$	38	$	15	$	252



*Six months ended June 30, 2003*	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	346	$	749	$	756	$	308	$	2,159
Net investment income		224		249		48		21		542
Policy fees and other income		145		8		3		16		172

Total revenues		715		1,006		807		345		2,873

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		256		664		169		212		1,301
Interest credited		130		53		—		—		183
Underwriting, acquisition and insurance expenses, net of deferrals		69		133		220		83		505
Amortization of deferred acquisition costs and intangibles		88		35		360		13		496
Interest expense		—		—		—		—		—

Total benefits and expenses		543		885		749		308		2,485

EARNINGS BEFORE INCOME TAXES		172		121		58		37		388

Provision for income taxes		63		45		14		13		135

SEGMENT NET EARNINGS	$	109	$	76	$	44	$	24	$	253

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Retirement Income and Investments

(Dollar amounts in millions)


*Three months ended June 30, 2004*	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	321	$	—		$	—	$	321
Net investment income		322		7			84		413
Policy fees and other income		1		52			—		53

Total revenues		644		59			84		787

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		383		(4	)		—		379
Interest credited		161		6			67		234
Underwriting, acquisition and insurance expenses, net of deferrals		35		29			1		65
Amortization of deferred acquisition costs and intangibles		30		8			—		38
Interest expense		—		1			—		1

Total benefits and expenses		609		40			68		717

EARNINGS BEFORE INCOME TAXES		35		19			16		70

Provision for income taxes		13		6			6		25

SEGMENT NET EARNINGS	$	22	$	13		$	10	$	45




*Three months ended June 30, 2003*	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	251	$	—		$	—	$	251
Net investment income		295		3			89		387
Policy fees and other income		—		24			—		24

Total revenues		546		27			89		662

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		294		9			—		303
Interest credited		171		2			75		248
Underwriting, acquisition and insurance expenses, net of deferrals		27		13			—		40
Amortization of deferred acquisition costs and intangibles		10		2			—		12
Interest expense		—		—			—		—

Total benefits and expenses		502		26			75		603

EARNINGS BEFORE INCOME TAXES		44		1			14		59

Provision for income taxes		17		(3	)		5		19

SEGMENT NET EARNINGS	$	27	$	4		$	9	$	40

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Retirement Income and Investments

(Dollar amounts in millions)


*Six months ended June 30, 2004*	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	598	$	—		$	—	$	598
Net investment income		629		20			160		809
Policy fees and other income		1		104			—		105

Total revenues		1,228		124			160		1,512

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		721		2			—		723
Interest credited		325		16			133		474
Underwriting, acquisition and insurance expenses, net of deferrals		64		61			2		127
Amortization of deferred acquisition costs and intangibles		56		12			—		68
Interest expense		—		1			—		1

Total benefits and expenses		1,166		92			135		1,393

EARNINGS BEFORE INCOME TAXES		62		32			25		119

Provision for income taxes		23		10			9		42

SEGMENT NET EARNINGS	$	39	$	22		$	16	$	77




*Six months ended June 30, 2003*	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	509	$	—		$	—	$	509
Net investment income		597		7			184		788
Policy fees and other income		1		53			—		54

Total revenues		1,107		60			184		1,351

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		598		15			—		613
Interest credited		344		4			152		500
Underwriting, acquisition and insurance expenses, net of deferrals		55		36			1		92
Amortization of deferred acquisition costs and intangibles		34		12			—		46
Interest expense		—		—			—		—

Total benefits and expenses		1,031		67			153		1,251

EARNINGS BEFORE INCOME TAXES		76		(7	)		31		100

Provision for income taxes		30		(7	)		11		34

SEGMENT NET EARNINGS	$	46	$	—		$	20	$	66

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Mortgage Insurance

(Dollar amounts in millions)


*Three months ended June 30, 2004*	U. S.			International		Total
REVENUES:
Premiums	$	116		$	79	$	195
Net investment income		32			29		61
Policy fees and other Income		5			5		10

Total revenues		153			113		266

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		21			6		27
Underwriting, acquisition and insurance expenses, net of deferrals		43			22		65
Amortization of deferred acquisition costs and intangibles		7			4		11

Total benefits and expenses		71			32		103

EARNINGS BEFORE INCOME TAXES		82			81		163

Provision for income taxes		19			30		49

SEGMENT NET EARNINGS	$	63		$	51	$	114


*Three months ended June 30, 2003*	U. S.			International		Total
REVENUES:
Premiums	$	125		$	50	$	175
Net investment income		33			21		54
Policy fees and other Income		11			2		13

Total revenues		169			73		242

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		(13	)		5		(8	)
Underwriting, acquisition and insurance expenses, net of deferrals		68			13		81
Amortization of deferred acquisition costs and intangibles		6			2		8

Total benefits and expenses		61			20		81

EARNINGS BEFORE INCOME TAXES		108			53		161

Provision for income taxes		30			17		47

SEGMENT NET EARNINGS	$	78		$	36	$	114

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.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Mortgage Insurance

(Dollar amounts in millions)


*Six months ended June 30, 2004*	U. S.		International		Total
REVENUES:
Premiums	$	235	$	155	$	390
Net investment income		63		58		121
Policy fees and other Income		9		9		18

Total revenues		307		222		529

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		50		16		66
Underwriting, acquisition and insurance expenses, net of deferrals		84		45		129
Amortization of deferred acquisition costs and intangibles		14		9		23

Total benefits and expenses		148		70		218

EARNINGS BEFORE INCOME TAXES		159		152		311

Provision for income taxes		37		57		94

SEGMENT NET EARNINGS	$	122	$	95	$	217



*Six months ended June 30, 2003*	U. S.		International		Total
REVENUES:
Premiums		251		89		340
Net investment income		66		38		104
Policy fees and other Income		21		4		25

Total revenues		338		131		469

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		19		6		25
Underwriting, acquisition and insurance expenses, net of deferrals		127		24		151
Amortization of deferred acquisition costs and intangibles		12		4		16

Total benefits and expenses		158		34		192

EARNINGS BEFORE INCOME TAXES		180		97		277

Provision for income taxes		45		33		78

SEGMENT NET EARNINGS	$	135	$	64	$	199

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.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Selected Key Performance Measures - Mortgage Insurance

(Dollar amounts in millions)


	As of or for the three months ended June 30
	2004			2003
Primary Insurance in Force
U.S. Mortgage Insurance	$	116,520		$	121,530
International Mortgage Insurance		149,824			110,819

Total primary insurance in force	$	266,344		$	232,349

Total Risk in Force
U.S. Mortgage Insurance	$	25,195		$	28,181
International Mortgage Insurance		47,350			33,829

Total risk in force	$	72,545		$	62,010

New Insurance Written
U.S. Mortgage Insurance	$	8,055		$	17,664
International Mortgage Insurance		12,545			7,670

Total new insurance written	$	20,600		$	25,334

Net Premiums Written
U.S. Mortgage Insurance	$	114		$	122
International Mortgage Insurance		149			92

Total net premiums written	$	263		$	214

Loss Ratio
U.S. Mortgage Insurance		18	%		-10	%
International Mortgage Insurance		8	%		10	%

Total loss ratio		14	%		-4	%

Expense Ratio
U.S. Mortgage Insurance		44	%		61	%
International Mortgage Insurance		17	%		16	%

Total expense ratio		29	%		42	%

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Selected Key Performance Measures - Mortgage Insurance, Domestic Only

(Dollar amounts in millions)


	As of or for the three months ended June 30
	2004			2003
New Risk Written
Flow	$	1,635		$	3,400
Bulk		19			47

Total	$	1,654		$	3,447

Risk in Force
Flow	$	23,978		$	26,495
Bulk		350			430

Primary		24,328			26,925
Pool		867			1,256

Total	$	25,195		$	28,181

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	%		84	%
Bulk by FICO Scores 575-619		6	%		9	%
Bulk by FICO Scores <575		5	%		7	%

Primary A minus and sub-prime		9.6	%		8.2	%

Primary Loans
Primary total loans in force		897,204			975,307
Primary total loans in default		27,971			31,140
Primary loans total default rate		3.1	%		3.2	%

Flow loans in default		25,995			28,422
Flow loans default rate		3.3	%		3.2	%

Bulk loans in default		1,976			2,718
Bulk loans default rate		1.7	%		3.6	%

A minus and sub-prime loans in default		6,543			5,946
A minus and sub-prime loans default rate		8.9	%		8.4	%

Pool Loans
Pool loans in default		916			1,222
Pool loans default rate		3.0	%		2.7	%

Claims Paid
Primary Claims Paid (includes LAE)		38.3			29.7
Pool Claims Paid (includes LAE)		0.1			0.3
Primary Average Claim Severity		94	%		91	%

Other Measures
Persistency		58	%		39	%
Gross written premiums ceded to captives/total gross written premiums		24	%		22	%

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Corporate and Other

(Dollar amounts in millions)


*Three months ended June 30, 2004*	Total
REVENUES:
Premiums	$	26
Net investment income		53
Net realized investment gains		6
Policy fees and other income		2

Total revenues		87

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		9
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		28
Amortization of deferred acquisition costs and intangibles		4
Interest expense		56

Total benefits and expenses		97

EARNINGS BEFORE INCOME TAXES		(10	)

Provision for income taxes		17

SEGMENT NET LOSS		(27	)

Net realized investment gains on investments, net of tax		(4	)
One-time tax charge relating to initial public offering		22

NET OPERATING LOSS	$	(9	)



*Three months ended June 30, 2003*	Total
REVENUES:
Premiums	$	26
Net investment loss		10
Net realized investment loss		(22	)
Policy fees and other income		2

Total revenues		16

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		12
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		21
Amortization of deferred acquisition costs and intangibles		3
Interest expense		44

Total benefits and expenses		80

LOSS BEFORE INCOME TAXES		(64	)

Benefit from income taxes		(23	)

SEGMENT NET LOSS		(41	)

Net realized investment losses on investments, net of tax		14

NET OPERATING LOSS	$	(27	)

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Corporate and Other

(Dollar amounts in millions)


*Six months ended June 30, 2004*	Total
REVENUES:
Premiums	$	52
Net investment income		88
Net realized investment gains		21
Policy fees and other income		4

Total revenues		165

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		18
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		47
Amortization of deferred acquisition costs and intangibles		7
Interest expense		114

Total benefits and expenses		186

EARNINGS BEFORE INCOME TAXES		(21	)

Provision for income taxes		8

SEGMENT NET EARNINGS		(29	)

Net realized investment gains on investments, net of tax		(14	)
One-time tax charge relating to initial public offering		22

NET OPERATING LOSS	$	(21	)



*Six months ended June 30, 2003*	Total
REVENUES:
Premiums	$	50
Net investment income		9
Net realized investment loss		(2	)
Policy fees and other income		4

Total revenues		61

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		21
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		42
Amortization of deferred acquisition costs and intangibles		6
Interest expense		87

Total benefits and expenses		156

LOSS BEFORE INCOME TAXES		(95	)

Benefit from income taxes		(48	)

SEGMENT NET LOSS		(47	)

Net realized investment losses, net of tax		1

NET OPERATING LOSS	$	(46	)

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Net Earnings

(Dollar amounts in millions)


	2004									2003
	Q2			Q1			YTD			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	1,640		$	1,619		$	3,259		$	1,651		$	1,547		$	1,580		$	1,478		$	6,256
Net investment income		815			772			1,587			742			743			722			721			2,928
Net realized investment gains		6			15			21			49			(9	)		(22	)		20			38
Policy fees and other Income		144			149			293			147			153			120			135			555

Total revenues		2,605			2,555			5,160			2,589			2,434			2,400			2,354			9,777

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,106			1,086			2,192			1,182			1,054			964			996			4,196
Interest credited		324			330			654			335			340			340			343			1,358
Underwriting, acquisition and insurance expenses, net of deferrals		420			414			834			352			464			386			404			1,606
Amortization of deferred acquisition costs and intangibles		267			286			553			359			226			313			251			1,149
Interest expense		59			61			120			61			57			44			43			205

Total benefits and expenses		2,176			2,177			4,353			2,289			2,141			2,047			2,037			8,514

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		429			378			807			300			293			353			317			1,263

Provision for income taxes		168			122			290			89			83			111			88			371

NET EARNINGS FROM CONTINUING OPERATIONS		261			256			517			211			210			242			229			892

Net realized investment gains on investments, net of tax		(4	)		(10	)		(14	)		(32	)		6			14			(13	)		(25	)
One-time tax charge relating to initial public offering		22			—			22			—			—			—			—			—

NET OPERATING EARNINGS	$	279		$	246		$	525		$	179		$	216		$	256		$	216		$	867

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Protection

(Dollar amounts in millions)


	2004						2003
	Q2		Q1		YTD		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,098	$	1,121	$	2,219	$	1,123	$	1,099	$	1,128	$	1,031	$	4,381
Net investment income		288		281		569		273		277		271		271		1,092
Policy fees and other Income		79		87		166		94		90		81		91		356

Total revenues		1,465		1,489		2,954		1,490		1,466		1,480		1,393		5,829

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		691		694		1,385		737		707		657		644		2,745
Interest credited		90		90		180		90		92		92		91		365
Underwriting, acquisition and insurance expenses, net of deferrals		262		269		531		199		280		244		261		984
Amortization of deferred acquisition costs and intangibles		214		241		455		304		181		290		206		981
Interest expense		2		3		5		2		1		—		—		3

Total benefits and expenses		1,259		1,297		2,556		1,332		1,261		1,283		1,202		5,078

EARNINGS BEFORE INCOME TAXES		206		192		398		158		205		197		191		751

Provision for income taxes		77		69		146		62		73		68		67		270

SEGMENT NET EARNINGS	$	129	$	123	$	252	$	96	$	132	$	129	$	124	$	481

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Retirement Income and Investments

(Dollar amounts in millions)


	2004						2003
	Q2		Q1		YTD		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	321	$	277	$	598	$	303	$	237	$	251	$	258	$	1,049
Net investment income		413		396		809		394		381		387		401		1,563
Policy fees and other income		53		52		105		26		27		24		30		107

Total revenues		787		725		1,512		723		645		662		689		2,719

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		379		344		723		356		314		303		310		1,283
Interest credited		234		240		474		245		248		248		252		993
Underwriting, acquisition and insurance expenses, net of deferrals		65		62		127		64		33		40		52		189
Amortization of deferred acquisition costs and intangibles		38		30		68		37		30		12		34		113
Interest expense		1		—		1		—		—		—		—		—

Total benefits and expenses		717		676		1,393		702		625		603		648		2,578

EARNINGS BEFORE INCOME TAXES		70		49		119		21		20		59		41		141

Provision for income taxes		25		17		42		9		5		19		15		48

SEGMENT NET EARNINGS	$	45	$	32	$	77	$	12	$	15	$	40	$	26	$	93

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Mortgage Insurance

(Dollar amounts in millions)


	2004						2003
	Q2		Q1		YTD		Q4		Q3		Q2			Q1		Total
REVENUES:
Premiums	$	195	$	195	$	390	$	194	$	182	$	175		$	165	$	716
Net investment income		61		60		121		58		56		54			50		218
Policy fees and other Income		10		8		18		10		13		13			12		48

Total revenues		266		263		529		262		251		242			227		982

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		27		39		66		46		44		(8	)		33		115
Underwriting, acquisition and insurance expenses, net of deferrals		65		64		129		74		74		81			70		299
Amortization of deferred acquisition costs and intangibles		11		12		23		11		10		8			8		37

Total benefits and expenses		103		115		218		131		128		81			111		451

EARNINGS BEFORE INCOME TAXES		163		148		311		131		123		161			116		531

Provision for income taxes		49		45		94		54		30		47			31		162

SEGMENT NET EARNINGS	$	114	$	103	$	217	$	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.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings - Corporate and Other

(Dollar amounts in millions)


	2004									2003
	Q2			Q1			YTD			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	26		$	26		$	52		$	31		$	29		$	26		$	24		$	110
Net investment income (loss)		53			35			88			17			29			10			(1	)		55
Net realized investment gains		6			15			21			49			(9	)		(22	)		20			38
Policy fees and other Income		2			2			4			17			23			2			2			44

Total Revenue		87			78			165			114			72			16			45			247

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		9			9			18			43			(11	)		12			9			53
Interest credited		—			—			—			—			—			—			—			—
Underwriting, acquisition and insurance expenses, net of deferrals		28			19			47			15			77			21			21			134
Amortization of deferred acquisition costs and intangibles		4			3			7			7			5			3			3			18
Interest expense		56			58			114			59			56			44			43			202

Total benefits and expenses		97			89			186			124			127			80			76			407

EARNINGS (LOSS) BEFORE INCOME TAXES		(10	)		(11	)		(21	)		(10	)		(55	)		(64	)		(31	)		(160	)

Provision (benefit) for income taxes		17			(9	)		8			(36	)		(25	)		(23	)		(25	)		(109	)

SEGMENT NET EARNINGS (LOSS)		(27	)		(2	)		(29	)		26			(30	)		(41	)		(6	)		(51	)

Net realized investment gains on investments, net of tax		(4	)		(10	)		(14	)		(32	)		6			14			(13	)		(25	)

One-time tax charge relating to initial public offering		22			—			22			—			—			—			—			—

NET OPERATING EARNINGS (LOSS)	$	(9	)	$	(12	)	$	(21	)	$	(6	)	$	(24	)	$	(27	)	$	(19	)	$	(76	)

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

ADDITIONAL

STATISTICAL DATA

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Investments Summary

(Dollar amounts in millions)


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

Total invested assets		$	62,015	100	%	$	83,718	100	%	$	80,675	100	%


		June 30, 2004				March 31, 2004				December 31, 2003
		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	$	26,053	71	%	$	34,481	64	%	$	33,212	64	%
2	Baa		8,758	24	%		15,770	29	%		14,778	29	%
3	Ba		1,189	3	%		2,313	4	%		1,896	4	%
4	B		571	2	%		1,122	2	%		979	2	%
5	Caa and lower		94	0	%		217	1	%		272	1	%
6	In or near default		21	0	%		79	0	%		104	0	%
Not rated	Not rated		17	0	%		72	0	%		95	0	%

	Total public fixed maturities	$	36,703	100	%	$	54,054	100	%	$	51,336	100	%

Private Fixed Maturities - Credit Quality:
NAIC Designation	Rating Agency Equivalent Designation
1	Aaa/Aa/A	$	5,853	52	%	$	7,872	53	%	$	7,388	52	%
2	Baa		4,476	40	%		5,692	38	%		5,442	38	%
3	Ba		628	5	%		783	5	%		728	5	%
4	B		123	1	%		210	2	%		228	2	%
5	Caa and lower		101	1	%		138	1	%		177	1	%
6	In or near default		92	1	%		98	1	%		86	1	%
Not rated	Not rated		25	0	%		68	0	%		100	1	%

	Total private fixed maturities	$	11,298	100	%	$	14,861	100	%	$	14,149	100	%

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Fixed Maturity Summary

(Dollar amounts in millions)


	June 30, 2004				March 31, 2004				December 31, 2003
	Estimated Fair Value		% of Total		Estimated Fair Value		% of Total		Estimated Fair Value		% of Total
Fixed maturities - Security Sector:
U.S. government & agencies	$	614	1	%	$	1,189	2	%	$	1,055	2	%
State and municipal		3,140	7	%		3,359	5	%		3,350	5	%
Foreign government		1,462	3	%		1,660	2	%		1,551	2	%
U.S. corporate		20,389	42	%		35,058	51	%		33,025	50	%
Foreign corporate		5,846	12	%		8,773	13	%		7,949	12	%
Mortgage-backed		6,948	14	%		8,421	12	%		7,848	12	%
Public utilities		6,152	13	%		6,043	6	%		6,303	7	%
Asset-backed		3,450	7	%		4,412	9	%		4,404	10	%

Total fixed maturities	$	48,001	100	%	$	68,915	100	%	$	65,485	100	%

Corporate Bond Holdings - Industry Sector:
Finance and insurance	$	9,619	30	%	$	13,881	28	%	$	13,069	28	%
Utilities and energy		6,784	21	%		11,238	22	%		10,345	22	%
Consumer - non cyclical		4,213	13	%		6,454	13	%		6,036	13	%
Consumer - cyclical		2,640	8	%		4,028	8	%		4,356	9	%
Capital goods		2,201	7	%		3,327	7	%		2,928	6	%
Industrial		2,263	7	%		3,333	7	%		3,340	7	%
Technology and communications		1,996	6	%		3,268	6	%		2,972	6	%
Transportation		900	3	%		1,953	4	%		1,970	4	%
Other		1,771	5	%		2,392	5	%		2,258	5	%

Total	$	32,387	100	%	$	49,874	100	%	$	47,274	100	%

Fixed maturities - Contractual Maturity Dates:
Due in one year or less	$	1,297	3	%	$	1,636	2	%	$	1,761	3	%
Due after one year through five years		10,952	22	%		12,112	18	%		11,817	18	%
Due after five years through ten years		10,924	23	%		14,725	21	%		13,901	21	%
Due after ten years		14,430	30	%		27,609	40	%		25,754	39	%

Subtotal		37,603	78	%		56,082	81	%		53,233	81	%
Mortgage-backed and asset backed		10,398	22	%		12,833	19	%		12,252	19	%

Total fixed maturities	$	48,001	100	%	$	68,915	100	%	$	65,485	100	%

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Commercial Mortgage Loan Data

(Dollar amounts in millions)


	June 30, 2004				March 31, 2004				December 31, 2003
Summary of Commercial Mortgage Loans	Carrying Amount		% of Total		Carrying Amount		% of Total		Carrying Amount		% of Total
Geographic Region
Pacific	$	1,707	29	%	$	1,821	29	%	$	1,867	31	%
South Atlantic		1,208	21	%		1,216	20	%		1,194	20	%
Middle Atlantic		857	15	%		923	15	%		932	15	%
East North Central		706	12	%		789	13	%		771	12	%
Mountain		439	8	%		479	8	%		478	8	%
West South Central		303	5	%		292	5	%		288	5	%
West North Central		246	4	%		261	4	%		271	4	%
East South Central		225	4	%		235	4	%		226	4	%
New England		109	2	%		108	2	%		87	1	%

Total	$	5,800	100	%	$	6,124	100	%	$	6,114	100	%

Property Type
Office	$	1,826	31	%	$	1,985	32	%	$	2,024	33	%
Industrial		1,697	29	%		1,814	30	%		1,812	30	%
Retail		1,507	26	%		1,508	25	%		1,500	25	%
Apartments		575	10	%		589	10	%		573	9	%
Mixed use/other		195	3	%		228	3	%		205	3	%

Total	$	5,800	100	%	$	6,124	100	%	$	6,114	100	%


Loan Size	Principal Balance		% of Total		Principal Balance		% of Total		Principal Balance		% of Total
Under $5 million	$	3,008	51	%	$	3,208	52	%	$	3,153	51	%
$5 million but less than $10 million		1,312	22	%		1,352	22	%		1,394	23	%
$10 million but less than $20 million		970	17	%		959	15	%		948	15	%
$20 million but less than $30 million		314	5	%		358	6	%		309	5	%
$30 million and over		241	4	%		296	5	%		358	6	%

Total	$	5,845	100	%	$	6,173	100	%	$	6,162	100	%



Allowance for Losses on Mortgage Loans	2004			2003
Balance, beginning of year	$	50		$	45
Additions		3			8
Deductions for write-downs and dispositions		(4	)		(3	)

Balance, end of year	$	49		$	50

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Sales

(Dollar amounts in millions)


	2004						2003
	Q2		Q1		YTD		Q4		Q3		Q2		Q1		Total
Protection Segment
Annualized first-year premiums¹:
Term life	$	23	$	26	$	49	$	19	$	24	$	31	$	32	$	106
Universal life		9		11		20		12		15		17		14		58
Long term care		39		40		79		52		61		59		60		232
Group		43		28		71		60		33		37		23		153

Total annualized first-year premiums¹		114		105		219		143		133		144		129		549
Gross written premiums²:
European payment protection		402		351		753		498		648		523		506		2,175

Total Protection Segment	$	516	$	456	$	972	$	641	$	781	$	667	$	635	$	2,724

Retirement Income and Investments (RI&I) Segment
Annualized first-year premiums¹:
Structured settlements	$	163	$	138	$	301	$	128	$	105	$	94	$	108	$	435
Variable life		1		1		2		1		2		2		2		7
Income annuities		128		149		277		169		124		140		100		533

Total annualized first-year premiums¹		292		288		580		298		231		236		210		975
Deposits³:
Fixed annuities		372		411		783		304		289		133		302		1,028
Variable annuities		277		292		569		375		613		629		430		2,047
Variable life		4		4		8		5		4		4		4		17
Income annuities		36		52		88		60		53		37		37		187
Structured settlements		29		12		41		14		12		21		26		73
Institutional		421		354		775		526		334		658		394		1,912
Asset management		271		304		575		297		272		282		158		1,009

Total deposits³		1,410		1,429		2,839		1,581		1,577		1,764		1,351		6,273

Total deposits—RI&I Segment	$	1,702	$	1,717	$	3,419	$	1,879	$	1,808	$	2,000	$	1,561	$	7,248

Mortgage Insurance Segment
New insurance written⁴:
U.S. mortgage insurance	$	8,055	$	6,798	$	14,853	$	18,087	$	17,207	$	17,664	$	14,530	$	67,488
International mortgage insurance		12,545		10,905		23,450		12,210		13,026		7,670		6,254		39,160

Total Mortgage Insurance Segment	$	20,600	$	17,703	$	38,303	$	30,297	$	30,233	$	25,334	$	20,784	$	106,648

¹	Annualized first-year premiums relate only to new sales and is 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 the period of the sale.

²	Gross written premiums represent to total premiums for insurance written and reinsurance assumed during a given period.

³	Deposits represent additional investments on spread-based non-life-contingent products and on fee-based products during a specific period.

⁴	New insurance written represents the original principal balance of mortgages covered by newly issued primary mortgage insurance during the period.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

HISTORICAL INFORMATION

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Statement of Earnings by Segment

(Dollar amounts in millions)


*Three months ended June 30, 2004*	Protection Segment		RI&I Segment		Mortgage Segment			Corporate Segment			Affinity Segment			Combined
REVENUES:
Premiums	$	1,132	$	321	$	195		$	26		$	34		$	1,708
Net investment income		306		569		61			57			8			1,001
Net realized investment gains		—		—		—			8			—			8
Policy fees and other Income		79		72		10			2			37			200

Total revenues		1,517		962		266			93			79			2,917

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		727		501		27			10			31			1,296
Interest credited		90		264		—			—			—			354
Underwriting, acquisition and insurance expenses, net of deferrals		272		68		65			22			49			476
Amortization of deferred acquisition costs and intangibles		219		54		11			3			18			305
Interest expense		2		1		—			44			—			47

Total benefits and expenses		1,310		888		103			79			98			2,478

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		207		74		163			14			(19	)		439

Provision for income taxes		78		27		49			24			(7	)		171

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	129	$	47	$	114		$	(10	)	$	(12	)	$	268



*Three months ended June 30, 2003*	Protection Segment		RI&I Segment		Mortgage Segment			Corporate Segment			Affinity Segment			Combined
REVENUES
Premiums	$	1,175	$	251	$	175		$	26		$	63		$	1,690
Net investment income		297		624		54			3			17			995
Realized investment losses		—		—		—			(37	)		—			(37	)
Policyholder fees and other Income		81		55		13			2			65			216

Total Revenue		1,553		930		242			(6	)		145			2,864

BENEFITS AND EXPENSES
Benefits and changes in policy reserves		715		451		(8	)		12			32			1,202
Interest credited		92		314		—			—			—			406
Underwriting, acquisition and insurance expenses, net of deferrals		252		53		81			23			67			476
Amortization of deferred acquisition costs and intangibles		294		30		8			3			24			359
Interest expense		—		—		—			27			—			27

Total benefits and expenses		1,353		848		81			65			123			2,470

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		200		82		161			(71	)		22			394

Provision for income taxes		69		27		47			(25	)		11			129

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	131	$	55	$	114		$	(46	)	$	11		$	265

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Statement of Earnings by Segment

(Dollar amounts in millions)


*Six months ended June 30, 2004*	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Affinity Segment			Combined
REVENUES:
Premiums	$	2,302	$	598	$	390	$	52		$	88		$	3,430
Net investment income		615		1,186		121		90			26			2,038
Net realized investment gains		—		—		—		24			—			24
Policy fees and other Income		166		154		18		4			104			446

Total revenues		3,083		1,938		529		170			218			5,938

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,487		992		66		19			80			2,644
Interest credited		180		570		—		—			—			750
Underwriting, acquisition and insurance expenses, net of deferrals		548		143		129		41			123			984
Amortization of deferred acquisition costs and intangibles		463		111		23		6			47			650
Interest expense		5		1		—		88			—			94

Total benefits and expenses		2,683		1,817		218		154			250			5,122

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		400		121		311		16			(32	)		816

Provision for income taxes		147		43		94		22			(18	)		288

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	253	$	78	$	217	$	(6	)	$	(14	)	$	528


*Six months ended June 30, 200*3	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Affinity Segment		Combined
REVENUES:
Premiums	$	2,257	$	509	$	340	$	50		$	121	$	3,277
Net investment income		596		1,263		104		(7	)		31		1,987
Net realized investment gains		—		—		—		(16	)		—		(16	)
Policy fees and other Income		172		116		25		4			130		447

Total revenues		3,025		1,888		469		31			282		5,695

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,418		907		25		21			84		2,455
Interest credited		183		632		—		—			—		815
Underwriting, acquisition and insurance expenses, net of deferrals		519		118		151		45			131		964
Amortization of deferred acquisition costs and intangibles		504		84		16		6			49		659
Interest expense		—		—		—		54			—		54

Total benefits and expenses		2,624		1,741		192		126			264		4,947

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		401		147		277		(95	)		18		748

Provision for income taxes		139		50		78		(45	)		7		229

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	262	$	97	$	199	$	(50	)	$	11	$	519

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Protection

(Dollar amounts in millions)


*Three months ended June 30, 2004*	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	187	$	433	$	359	$	153	$	1,132
Net investment income		109		161		26		10		306
Policy fees and other income		68		1		5		5		79

Total revenues		364		595		390		168		1,517

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		145		410		64		108		727
Interest credited		61		29		—		—		90
Underwriting, acquisition and insurance expenses, net of deferrals		31		72		129		40		272
Amortization of deferred acquisition costs and intangibles		30		16		165		8		219
Interest expense		2		—		—		—		2

Total benefits and expenses		269		527		358		156		1,310

EARNINGS BEFORE INCOME TAXES		95		68		32		12		207

Provision for income taxes		35		25		14		4		78

SEGMENT NET EARNINGS	$	60	$	43	$	18	$	8	$	129


*Three months ended June 30, 200*3	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	177	$	432	$	413	$	153	$	1,175
Net investment income		113		151		23		10		297
Policy fees and other income		67		4		2		8		81

Total revenues		357		587		438		171		1,553

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		116		395		98		106		715
Interest credited		65		27		—		—		92
Underwriting, acquisition and insurance expenses, net of deferrals		35		76		102		39		252
Amortization of deferred acquisition costs and intangibles		55		22		210		7		294
Interest expense		—		—		—		—		—

Total benefits and expenses		271		520		410		152		1,353

EARNINGS BEFORE INCOME TAXES		86		67		28		19		200

Provision for income taxes		32		24		6		7		69

SEGMENT NET EARNINGS	$	54	$	43	$	22	$	12	$	131

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Protection

(Dollar amounts in millions)


*Six months ended June 30, 2004*	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	377	$	873	$	744	$	308	$	2,302
Net investment income		218		324		52		21		615
Policy fees and other income		143		3		10		10		166

Total revenues		738		1,200		806		339		3,083

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		306		818		145		218		1,487
Interest credited		123		57		—		—		180
Underwriting, acquisition and insurance expenses, net of deferrals		60		152		254		82		548
Amortization of deferred acquisition costs and intangibles		59		43		345		16		463
Interest expense		5		—		—		—		5

Total benefits and expenses		553		1,070		744		316		2,683

EARNINGS BEFORE INCOME TAXES		185		130		62		23		400

Provision for income taxes		68		47		24		8		147

SEGMENT NET EARNINGS	$	117	$	83	$	38	$	15	$	253


*Six months ended June 30, 200*3	Life		Long Term Care		Payment Protection Ins.		Group		Total

REVENUES:
Premiums	$	346	$	847	$	756	$	308	$	2,257
Net investment income		224		303		48		21		596
Policy fees and other income		145		8		3		16		172

Total revenues		715		1,158		807		345		3,025

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		256		781		169		212		1,418
Interest credited		130		53		—		—		183
Underwriting, acquisition and insurance expenses, net of deferrals		69		147		220		83		519
Amortization of deferred acquisition costs and intangibles		88		43		360		13		504
Interest expense		—		—		—		—		—

Total benefits and expenses		543		1,024		749		308		2,624

EARNINGS BEFORE INCOME TAXES		172		134		58		37		401

Provision for income taxes		63		49		14		13		139

SEGMENT NET EARNINGS	$	109	$	85	$	44	$	24	$	262

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Retirement Income and Investments

(Dollar amounts in millions)


*Three months ended June 30, 2004*	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	321	$	—		$	—	$	321
Net investment income		461		24			84		569
Policy fees and other income		—		72			—		72

Total revenues		782		96			84		962

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		492		9			—		501
Interest credited		188		9			67		264
Underwriting, acquisition and insurance expenses, net of deferrals		34		33			1		68
Amortization of deferred acquisition costs and intangibles		31		23			—		54
Interest expense		—		1			—		1

Total benefits and expenses		745		75			68		888

EARNINGS BEFORE INCOME TAXES		37		21			16		74

Provision for income taxes		13		8			6		27

SEGMENT NET EARNINGS	$	24	$	13		$	10	$	47



*Three months ended June 30, 2003*	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	251	$	—		$	—	$	251
Net investment income		513		22			89		624
Policy fees and other income		—		55			—		55

Total revenues		764		77			89		930

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		441		10			—		451
Interest credited		220		19			75		314
Underwriting, acquisition and insurance expenses, net of deferrals		29		24			—		53
Amortization of deferred acquisition costs and intangibles		10		20			—		30
Interest expense		—		—			—		—

Total benefits and expenses		700		73			75		848

EARNINGS BEFORE INCOME TAXES		64		4			14		82

Provision for income taxes		23		(1	)		5		27

SEGMENT NET EARNINGS	$	41	$	5		$	9	$	55

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Retirement Income and Investments

(Dollar amounts in millions)


*Six months ended June 30, 2004*	Spread Based Retail Products			Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	598		$	—		$	—	$	598
Net investment income		973			53			160		1,186
Policy fees and other Income		(1	)		155			—		154

Total revenues		1,570			208			160		1,938

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		976			16			—		992
Interest credited		401			36			133		570
Underwriting, acquisition and insurance expenses, net of deferrals		64			77			2		143
Amortization of deferred acquisition costs and intangibles		58			53			—		111
Interest expense		—			1			—		1

Total benefits and expenses		1,499			183			135		1,817

EARNINGS BEFORE INCOME TAXES		71			25			25		121

Provision for income taxes		25			9			9		43

SEGMENT NET EARNINGS	$	46		$	16		$	16	$	78



*Six months ended June 30, 2003*	Spread Based Retail Products			Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	509		$	—		$	—	$	509
Net investment income		1,034			45			184		1,263
Policy fees and other Income		2			114			—		116

Total revenues		1,545			159			184		1,888

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		890			17			—		907
Interest credited		442			38			152		632
Underwriting, acquisition and insurance expenses, net of deferrals		60			57			1		118
Amortization of deferred acquisition costs and intangibles		37			47			—		84
Interest expense		—			—			—		—

Total benefits and expenses		1,429			159			153		1,741

EARNINGS BEFORE INCOME TAXES		116			—			31		147

Provision for income taxes		42			(3	)		11		50

SEGMENT NET EARNINGS	$	74		$	3		$	20	$	97

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Retirement Income and Investments - Historical Account Values

(Dollar amounts in millions)


	Three Months Ended June 30,
	2004			2003
Spread-Based Products

Fixed Annuities
Account value net of reinsurance, beginning of period	$	14,304		$	13,939
Deposits		485			179
Interest credited		150			150
Surrenders, benefits and product charges		(356	)		(315	)

Account value net of reinsurance, end of period	$	14,583		$	13,953

Income Annuities
Account value net of reinsurance, beginning of period	$	5,098		$	4,726
Premiums and deposits		179			173
Interest credited		75			73
Surrenders, benefits and product charges		(176	)		(161	)

Account value net of reinsurance, end of period	$	5,176		$	4,811

GIC’s and Funding Agreements
Account value, beginning of the period	$	9,461		$	10,198
Premiums and deposits		648			829
Interest credited		67			75
Surrenders and benefits		(792	)		(1,172	)

Account value, end of period	$	9,384		$	9,930

Structured Settlements
Account value, beginning of period	$	12,132		$	11,711
Premiums and deposits		207			133
Interest credited		227			206
Surrenders, benefits and product charges		(385	)		(339	)

Account value, end of period^a	$	12,181		$	11,711

Fee-Based Products

Variable Annuities
Account value, beginning of period	$	11,059		$	8,743
Deposits		294			612
Interest credited and investment performance		153			911
Surrenders, benefits and product charges		(415	)		(379	)

Account value, end of period^a	$	11,091		$	9,887

Variable Life Insurance
Premiums and deposits	$	10		$	10
Future policy benefits/policy account balances, net of reinsurance		12			10
Separate account liability		278			242
Life insurance in force		3,555			3,630

^a	Included in the end of period account values for the 2004 period for structured settlements and variable annuities are $11,844 million and $10,416 million, respectively, that relate to contracts that were reinsured with UFLIC.

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Mortgage Insurance

(Dollar amounts in millions)


*Three months ended June 30, 2004*	U. S.			International		Total
REVENUES:
Premiums	$	116		$	79	$	195
Net investment income		32			29		61
Policy fees and other Income		5			5		10

Total revenues		153			113		266

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		21			6		27
Underwriting, acquisition and insurance expenses, net of deferrals		43			22		65
Amortization of deferred acquisition costs and intangibles		7			4		11

Total benefits and expenses		71			32		103

EARNINGS BEFORE INCOME TAXES		82			81		163

Provision for income taxes		19			30		49

SEGMENT NET EARNINGS	$	63		$	51	$	114



*Three months ended June 30, 2003*	U. S.			International		Total
REVENUES:
Premiums	$	125		$	50	$	175
Net investment income		33			21		54
Policy fees and other Income		11			2		13

Total revenues		169			73		242

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		(13	)		5		(8	)
Underwriting, acquisition and insurance expenses, net of deferrals		68			13		81
Amortization of deferred acquisition costs and intangibles		6			2		8

Total benefits and expenses		61			20		81

EARNINGS BEFORE INCOME TAXES		108			53		161

Provision for income taxes		30			17		47

SEGMENT NET EARNINGS	$	78		$	36	$	114

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Mortgage Insurance

(Dollar amounts in millions)


*Six months ended June 30, 2004*	U. S.		International		Total
REVENUES:
Premiums	$	235	$	155	$	390
Net investment income		63		58		121
Policy fees and other Income		9		9		18

Total revenues		307		222		529

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		50		16		66
Underwriting, acquisition and insurance expenses, net of deferrals		84		45		129
Amortization of deferred acquisition costs and intangibles		14		9		23

Total benefits and expenses		148		70		218

EARNINGS BEFORE INCOME TAXES		159		152		311

Provision for income taxes		37		57		94

SEGMENT NET EARNINGS	$	122	$	95	$	217



*Six months ended June 30, 2003*	U. S.		International		Total
REVENUES:
Premiums		251		89		340
Net investment income		66		38		104
Policy fees and other Income		21		4		25

Total revenues		338		131		469

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		19		6		25
Underwriting, acquisition and insurance expenses, net of deferrals		127		24		151
Amortization of deferred acquisition costs and intangibles		12		4		16

Total benefits and expenses		158		34		192

EARNINGS BEFORE INCOME TAXES		180		97		277

Provision for income taxes		45		33		78

SEGMENT NET EARNINGS	$	135	$	64	$	199

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Corporate and Other

(Dollar amounts in millions)


*Three months ended June 30, 2004*	Total
REVENUES:
Premiums	$	26
Net investment income		57
Net realized investment gains		8
Policy fees and other income		2

Total revenues		93

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		10
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		22
Amortization of deferred acquisition costs and intangibles		3
Interest expense		44

Total benefits and expenses		79

EARNINGS BEFORE INCOME TAXES		14

Provision for income taxes		24

SEGMENT NET LOSS	$	(10	)



*Three months ended June 30, 2003*	Total
REVENUES:
Premiums	$	26
Net investment income		3
Net realized investment gains		(37	)
Policy fees and other income		2

Total revenues		(6	)

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		12
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		23
Amortization of deferred acquisition costs and intangibles		3
Interest expense		27

Total benefits and expenses		65

LOSS BEFORE INCOME TAXES		(71	)

Benefit from income taxes		(25	)

SEGMENT NET LOSS	$	(46	)

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Corporate and Other

(Dollar amounts in millions)


*Six months ended June 30, 2004*	Total
REVENUES:
Premiums	$	52
Net investment income		90
Net realized investment gains		24
Policy fees and other income		4

Total revenues		170

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		19
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		41
Amortization of deferred acquisition costs and intangibles		6
Interest expense		88

Total benefits and expenses		154

EARNINGS BEFORE INCOME TAXES		16

Provision for income taxes		22

SEGMENT NET LOSS	$	(6	)



*Six months ended June 30, 2003*	Total
REVENUES:
Premiums	$	50
Net investment loss		(7	)
Net realized investment loss		(16	)
Policy fees and other income		4

Total revenues		31

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		21
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		45
Amortization of deferred acquisition costs and intangibles		6
Interest expense		54

Total benefits and expenses		126

LOSS BEFORE INCOME TAXES		(95	)

Benefit from income taxes		(45	)

SEGMENT NET LOSS	$	(50	)

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Net Earnings

(Dollar amounts in millions)


	2004						2003
	Q2		Q1		YTD		Q4		Q3			Q2			Q1		Total
REVENUES:
Premiums	$	1,708	$	1,722	$	3,430	$	1,766	$	1,664		$	1,690		$	1,587	$	6,707
Net investment income		1,001		1,037		2,038		1,016		1,012			995			992		4,015
Net realized investment gains		8		16		24		39		(13	)		(37	)		21		10
Policy fees and other Income		200		246		446		243		251			216			231		941

Total revenues		2,917		3,021		5,938		3,064		2,914			2,864			2,831		11,673

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,296		1,348		2,644		1,462		1,320			1,202			1,253		5,237
Interest credited		354		396		750		402		407			406			409		1,624
Underwriting, acquisition and insurance expenses, net of deferrals		476		508		984		427		548			476			488		1,939
Amortization of deferred acquisition costs and intangibles		305		345		650		416		276			359			300		1,351
Interest expense		47		47		94		46		40			27			27		140

Total benefits and expenses		2,478		2,644		5,122		2,753		2,591			2,470			2,477		10,291

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		439		377		816		311		323			394			354		1,382

Provision for income taxes		171		117		288		91		93			129			100		413

NET EARNINGS FROM CONTINUING OPERATIONS	$	268	$	260	$	528	$	220	$	230		$	265		$	254	$	969

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Protection

(Dollar amounts in millions)


	2004						2003
	Q2		Q1		YTD		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,132	$	1,170	$	2,302	$	1,181	$	1,150	$	1,175	$	1,082	$	4,588
Net investment income		306		309		615		305		298		297		299		1,199
Policy fees and other Income		79		87		166		93		91		81		91		356

Total Revenues		1,517		1,566		3,083		1,579		1,539		1,553		1,472		6,143

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		727		760		1,487		805		774		715		703		2,997
Interest credited		90		90		180		90		92		92		91		365
Underwriting, acquisition and insurance expenses, net of deferrals		272		276		548		214		286		252		267		1,019
Amortization of deferred acquisition costs and intangibles		219		244		463		312		185		294		210		1,001
Interest expense		2		3		5		2		1		—		—		3

Total benefits and expenses		1,310		1,373		2,683		1,423		1,338		1,353		1,271		5,385

EARNINGS BEFORE INCOME TAXES		207		193		400		156		201		200		201		758

Provision for income taxes		78		69		147		61		71		69		70		271

SEGMENT NET EARNINGS	$	129	$	124	$	253	$	95	$	130	$	131	$	131	$	487

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Retirement Income and Investments

(Dollar amounts in millions)


	2004						2003
	Q2		Q1		YTD		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	321	$	277	$	598	$	303	$	237	$	251	$	258	$	1,049
Net investment income		569		617		1,186		630		618		624		639		2,511
Policy fees and other income		72		82		154		58		59		55		61		233

Total revenues		962		976		1,938		991		914		930		958		3,793

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		501		491		992		508		461		451		456		1,876
Interest credited		264		306		570		312		315		314		318		1,259
Underwriting, acquisition and insurance expenses, net of deferrals		68		75		143		76		45		53		65		239
Amortization of deferred acquisition costs and intangibles		54		57		111		57		49		30		54		190
Interest expense		1		—		1		—		—		—		—		—

Total benefits and expenses		888		929		1,817		953		870		848		893		3,564

EARNINGS BEFORE INCOME TAXES		74		47		121		38		44		82		65		229

Provision for income taxes		27		16		43		15		13		27		23		78

SEGMENT NET EARNINGS	$	47	$	31	$	78	$	23	$	31	$	55	$	42	$	151

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Mortgage Insurance

(Dollar amounts in millions)


	2004						2003
	Q2		Q1		YTD		Q4		Q3		Q2			Q1		Total
REVENUES:
Premiums	$	195	$	195	$	390	$	194	$	182	$	175		$	165	$	716
Net investment income		61		60		121		58		56		54			50		218
Policy fees and other Income		10		8		18		10		13		13			12		48

Total revenues		266		263		529		262		251		242			227		982

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		27		39		66		46		44		(8	)		33		115
Underwriting, acquisition and insurance expenses, net of deferrals		65		64		129		74		74		81			70		299
Amortization of deferred acquisition costs and intangibles		11		12		23		11		10		8			8		37

Total benefits and expenses		103		115		218		131		128		81			111		451

EARNINGS BEFORE INCOME TAXES		163		148		311		131		123		161			116		531

Provision for income taxes		49		45		94		54		30		47			31		162

SEGMENT NET EARNINGS	$	114	$	103	$	217	$	77	$	93	$	114		$	85	$	369

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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Corporate and Other

(Dollar amounts in millions)


	2004									2003
	Q2			Q1			YTD			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	26		$	26		$	52		$	31		$	29		$	26		$	24		$	110
Net investment income (loss)		57			33			90			10			22			3			(10	)		25
Net realized investment gains		8			16			24			39			(13	)		(37	)		21			10
Policy fees and other Income		2			2			4			17			23			2			2			44

Total revenues		93			77			170			97			61			(6	)		37			189

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		10			9			19			43			(11	)		12			9			53
Interest credited		—			—			—			—			—			—			—			—
Underwriting, acquisition and insurance expenses, net of deferrals		22			19			41			15			78			23			22			138
Amortization of deferred acquisition costs and intangibles		3			3			6			7			5			3			3			18
Interest expense		44			44			88			44			39			27			27			137

Total benefits and expenses		79			75			154			109			111			65			61			346

EARNINGS (LOSS) BEFORE INCOME TAXES		14			2			16			(12	)		(50	)		(71	)		(24	)		(157	)

Provision (benefit) for income taxes		24			(2	)		22			(36	)		(22	)		(25	)		(20	)		(103	)

SEGMENT NET EARNINGS (LOSS)	$	(10	)	$	4		$	(6	)	$	24		$	(28	)	$	(46	)	$	(4	)	$	(54	)

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings - Affinity

(Dollar amounts in millions)


	2004									2003
	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

GENWORTH FINANCIAL

2Q 2004 FINANCIAL SUPPLEMENT

CORPORATE INFORMATION

GENWORTH FINANCIAL

2Q 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”.

GENWORTH FINANCIAL

2Q 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 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