Financial Supplement for the quarter ended December 31, 2004

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		FOURTH QUARTER
		FINANCIAL SUPPLEMENT

		DECEMBER 31, 2004


Table of Contents		Page
Letter to Investor/Analyst		3
Presentation of Financial Information		4 & 5
Financial Highlights		6
Reconciliation to Pro Forma Net Operating Earnings		7
Notes to Pro Forma Financial Information		8

*Historical Highlights*
QTD Historical Financial Highlights		10
YTD Historical Financial Highlights		11
QTD Historical Combined Earnings From Continuing Operations		12
YTD Historical Combined Earnings From Continuing Operations		13
Combined Statement of Financial Position		14

*Pro Forma Highlights*
QTD Pro Forma Financial Highlights		16
YTD Pro Forma Financial Highlights		17
QTD Pro Forma Earnings From Continuing Operations		18
YTD Pro Forma Earnings From Continuing Operations		19

*Pro Forma Information*
Pro Forma Operating Results
QTD Pro Forma Statement of Earnings by Segment		22
YTD Pro Forma Statement of Earnings by Segment		23

Pro Forma By Segment
QTD Pro Forma Segment Net Earnings—Protection		24
YTD Pro Forma Segment Net Earnings—Protection		25
QTD Pro Forma Segment Net Earnings—Retirement Income and Investments		26
YTD Pro Forma Segment Net Earnings—Retirement Income and Investments		27
QTD Pro Forma Segment Net Earnings—Mortgage Insurance		28
YTD Pro Forma Segment Net Earnings—Mortgage Insurance		29
Selected Key Performance Measures—Mortgage Insurance		30 & 31
QTD Pro Forma Segment Net Earnings—Corporate and Other		32
YTD Pro Forma Segment Net Earnings—Corporate and Other		33

Pro Forma Earnings Trends
Pro Forma Net Earnings		34
Pro Forma Segment Net Earnings—Protection		35
Pro Forma Segment Net Earnings—Retirement Income and Investments		36
Pro Forma Segment Net Earnings—Mortgage Insurance		37
Pro Forma Segment Net Earnings—Corporate and Other		38

*Historical Information*
Historical Combined Operating Results
QTD Historical Combined Statement of Earnings by Segment		40
YTD Historical Combined Statement of Earnings by Segment		41

Historical By Segment
QTD Historical Segment Net Earnings—Protection		42
YTD Historical Segment Net Earnings—Protection		43
QTD Historical Segment Net Earnings—Retirement Income and Investments		44
YTD Historical Segment Net Earnings—Retirement Income and Investments		45
Account Values—Retirement Income and Investments		46
Historical Account Values by Contract Type—Retirement Income and Investments		47
QTD Historical Segment Net Earnings—Mortgage Insurance		48
YTD Historical Segment Net Earnings—Mortgage Insurance		49


Table of Contents		Page
QTD Historical Segment Net Earnings—Corporate and Other		50
YTD Historical Segment Net Earnings—Corporate and Other		51

Historical Earnings Trends
Historical Combined Net Earnings		52
Historical Segment Net Earnings—Protection		53
Historical Segment Net Earnings—Retirement Income and Investments		54
Historical Segment Net Earnings—Mortgage Insurance		55
Historical Segment Net Earnings—Corporate and Other		56
Historical Segment Net Earnings—Affinity		57

*Statistical Data*
Deferred Acquisition Costs		60
Investments Summary		61
Fixed Maturity Summary		62
Commercial Mortgage Loan Data		63
Historical Segment Sales		64

*Corporate Information*		68 & 69

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Dear Investor/Analyst,

In conjunction with the release of Genworth's year-end financial results for 2004, we have prepared this financial supplement to assist investors in understanding Genworth’s financial results.

This supplement contains both historical and pro forma earnings and other financial information. The pro forma financial information reflects the effect of the company’s corporate reorganization and the other transactions effected in connection with our initial public offering, completed May 28, 2004. As we explained in advance of our strategic update with investors on December 15, 2004, the 2004 pro forma financial information included in this supplement assumes that those transactions had occurred on January 1, 2004. The 2003 pro forma financial information was previously published in our registration statement filed with the Securities and Exchange Commission on June 9, 2004 and is prepared assuming those transactions had occurred on January 1, 2003.

Additional detail on the basis of presentation of historical and pro forma financial information is provided on page 3 of this supplement.

Please feel free to call if you have any additional questions.

Regards,

Jean Peters

Senior Vice President

Investor Relations and Corporate Communications

804 662-2693

Alicia Charity

Vice President

Investor Relations

804 662-2248

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Basis of Historical and Pro Forma Financial Information

As part of a corporate reorganization effected in connection with the company’s IPO, the company acquired substantially all of the assets and liabilities of GE Financial Assurance Holdings, Inc. (GEFAHI), an indirect subsidiary of GE. The company also acquired certain other insurance businesses that were owned by other GE subsidiaries but managed by members of the company’s management team. In consideration for the assets that the company acquired and the liabilities that the company assumed, the company issued various equity and debt securities to GEFAHI.

The company has prepared its historical financial information as if the company had been in existence throughout all relevant periods. The historical financial information through the date of the corporate reorganization (May 24, 2004) includes all businesses that were owned by GEFAHI, including those that were not transferred to the company, as well as the other insurance businesses that the company acquired from other GE subsidiaries in connection with the corporate reorganization. As a result, the company’s historical financial information for periods prior to the corporate reorganization is not comparable to historical financial information for periods ending after that date.

Prior to the completion of the IPO, the company entered into several significant reinsurance transactions with Union Fidelity Life Insurance Company (UFLIC), an indirect subsidiary of GE. As part of these transactions, the company ceded to UFLIC, effective as of January 1, 2004, policy obligations under all of its in-force structured settlement contracts, which had reserves of $12.0 billion, and substantially all of its in-force variable annuity contracts, which had general account reserves of $2.8 billion and separate account reserves of $7.9 billion, each as of December 31, 2003. In addition, effective as of January 1, 2004, the company ceded to UFLIC policy obligations under a block of long-term care insurance policies, which had reserves of $1.5 billion as of December 31, 2003. As part of the reinsurance transactions, UFLIC ceded to the company in-force blocks of Medicare supplement insurance, which had reserves of $19 million.

The unaudited pro forma financial information for 2003 contained in this report was previously published in the prospectuses for the company's initial public offering and related offerings and 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 unaudited pro forma financial information for 2004 contained in this report reflects the company's historical combined financial information as adjusted to give effect to these transactions as if each had occurred as of January 1, 2004. The following transactions are reflected in the unaudited pro forma financial information:

•

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.

If the unaudited pro forma financial information for 2004 had been adjusted to give effect to these transactions as if each had occurred as of January 1, 2003, rather than January 1, 2004, then full year pro forma revenues would have been approximately $90 million higher, pro forma benefits and expenses would have been approximately $77 million higher and pro forma net earnings from continuing operations would have been approximately $8 million higher.

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

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.

Certain prior period amounts have been reclassified to conform with the current period presentation.

Use of Non-GAAP Measures

This report 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 IPO related net tax charge recorded during the second quarter of 2004, a $68 million IPO related net tax benefit recorded during the fourth quarter of 2004 and a $25 million after-tax gain related to our waiver of contractual rights under an outsourcing services agreement with GE's global business processing operation, 60% of which was sold in the fourth quarter of 2004.

Management believes that analysis of net operating earnings enhances understanding and comparability of performance by highlighting underlying business activity and profitability drivers. However, net operating earnings should not be viewed as a substitute for GAAP net earnings. In addition, the company’s definition of net operating earnings may differ from the definitions used by other companies. The table on page 7 of this report provides a reconciliation of pro forma net operating earnings (as defined below) to historical and pro forma net earnings.

All net realized investment gains (losses) are reflected in the Corporate and Other Segment and are not reflected in the results of any of the company’s other segments. As a result, the segment results contained in this financial supplement are presented on a net operating earnings basis, which is the same as net earnings under GAAP for all segments, except for the Corporate and Other Segment. For a reconciliation of pro forma net operating earnings for the Corporate and Other Segment to pro forma net earnings presented in accordance with GAAP, see the tables on pages 16 and 17 in this report. The term “net operating loss” as used in this report is also a non-GAAP financial measure and has an analogous meaning to “net operating earnings.”

Definition of Sales

The term “sales” as used in this financial supplement means (1) annualized first-year premiums for term life insurance, long-term care insurance, and group life and health insurance; (2) new premiums/deposits for universal life insurance, spread-based and variable products; (3) new deposits for managed assets (4) written premiums gross of reinsurance and cancellations for payment protection insurance; and (5) new insurance written for mortgage insurance, which in each case reflects the amount of business the company generated during each period presented. Sales do not include renewal premiums on policies or contracts written during prior periods.

The company considers annualized first-year premiums, written 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

4Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Dollar amounts in millions, except per share data)


Historical Combined Balance Sheet Data	December 31, 2004
Total stockholders' equity, excluding accumulated nonowner changes in stockholders' equity	$	11,257
Total accumulated nonowner changes in stockholders' equity		1,609

Total stockholders' equity	$	12,866

Book value per share	$	26.28
Book value per share, excluding accumulated nonowner changes in stockholders' equity	$	22.99

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

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Reconciliation to Pro Forma Net Operating Earnings

(Amounts in millions, except per share data)


Reconciliation of net earnings to pro forma net operating earnings	Three months ended December 31,						Twelve months ended December 31,
	2004			2003			2004			2003
Net earnings	$	346		$	213		$	1,157		$	1,081
Net earnings from discontinued operations, net of taxes		—			—			—			(186	)
(Gain) loss on sale of discontinued operations, net of taxes		—			7			(7	)		74
Cumulative effect of accounting change, net of taxes		—			—			(5	)		—

Net earnings from continuing operations		346			220			1,145			969

Excluded assets and liabilities (a)		—			(3	)		7			(15	)
Reinsurance transactions (b)		—			4			(4	)		(20	)
Capital structure and other (c)		—			(10	)		(18	)		(42	)

Pro forma net earnings from continuing operations		346			211			1,130			892

Pro forma net realized (gains) losses on investments, net of taxes		1			(32	)		(15	)		(25	)
Net tax benefit related to initial public offering		(68	)		—			(46	)		—
Gain on outsourcing services agreement, net of taxes		(25	)		—			(25	)		—

Pro forma net operating earnings	$	254		$	179		$	1,044		$	867

Net earnings per share
Basic	$	0.71		$	0.44		$	2.36		$	2.21

Diluted	$	0.70		$	0.44		$	2.36		$	2.21

Net earnings from continuing operations per share
Basic	$	0.71		$	0.45		$	2.34		$	1.98

Diluted	$	0.70		$	0.45		$	2.33		$	1.98

Pro forma net earnings from continuing operations per share
Basic	$	0.71		$	0.43		$	2.31		$	1.82

Diluted	$	0.70		$	0.43		$	2.30		$	1.82

Pro forma net operating earnings per share
Basic	$	0.52		$	0.37		$	2.13		$	1.77

Diluted	$	0.52		$	0.37		$	2.13		$	1.77

Shares outstanding
Basic		489.6			489.5			489.5			489.5
Diluted		492.4			489.5			490.5			489.5

Note:

For a discussion of notes (a), (b), and (c) to these tables see Notes To Pro Forma Financial Information on page 8.

GENWORTH FINANCIAL

4Q 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 for 2003 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 unaudited pro forma earnings information for 2004 gives effect to the reinsurance transactions as if each had occurred as of January 1, 2004 and excludes the effects of all ceded reinsured contracts that were issued before January 1, 2004. 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 reinsurance 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 (in the case of pro forma information for 2003), even though variable annuities and structured settlements issued during such year are included in the blocks of policies reinsured to UFLIC. The company’s pro forma combined statements of earnings for the years ended December 31, 2003 and 2004 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 or 2004, and the company will not issue any in the future.

Under the reinsurance transactions, the company receives an expense allowance to reimburse it for costs it incurs to service the reinsured blocks. Actual costs and expense allowance amounts will be determined by expense studies to be conducted periodically. The pro forma adjustments have been prepared assuming that actual costs incurred during the pro forma periods, as determined under the company’s historical cost structure and allocation methods, were reimbursed by an expense allowance.

In addition to investment assets transferred to UFLIC in exchange for a reinsurance recoverable asset from UFLIC, concurrently, the company contributed $1.836 billion of capital to UFLIC, which primarily represented the excess statutory capital in the company’s insurance subsidiaries after giving effect to the reinsurance transactions. As a significant portion of the assets transferred and contributed were not owned for the entire period, the pro forma earnings adjustments to reduce net investment income and net realized investment gains were based upon a proportional allocation of investment income from the investment assets historically identified (1) as supporting the blocks of business reinsured for the reinsurance, and (2) as representing surplus of subsidiaries providing assets to be contributed to UFLIC for the contribution.

(c)

Reflects adjustments for changes in the company’s capitalization to exclude the impact of commercial paper, short-term borrowings from GE Capital and derivatives that were not transferred to the company in connection with the corporate reorganization and to include the impact of the issuance of $600 million of the company’s 6.00% Equity Units and $100 million of the company’s 5.25% mandatory redeemable Series A Cumulative Preferred Stock, both of which were completed on May 28, 2004, the issuance of 3, 5, 10 and 30 year notes totaling $1.9 billion which was completed June 15, 2004, and the issuance of $500 million of commercial paper which was completed June 14, 2004, as well as interest expense related to the accretion of the company’s obligation to GE under the Tax Matters Agreement and the tax impacts resulting from these changes in the company’s capitalization.

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

HISTORICAL HIGHLIGHTS

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Amounts in millions, except per share data)


	Three months ended December 31,
HISTORICAL COMBINED EARNINGS BY SEGMENT	2004			2003
Earnings (loss) from continuing operations before income taxes
Protection	$	218		$	156
Retirement Income & Investments		54			38
Mortgage Insurance		151			131
Corporate and Other		(8	)		(12	)
Affinity		—			(2	)

Total	$	415		$	311

Net earnings (loss) from continuing operations
Protection	$	140		$	95
Retirement Income and Investments		35			23
Mortgage Insurance		107			77
Corporate and Other		64			24
Affinity		—			1

Total		346			220

Net earnings from discontinued operations, net of taxes		—			—
Gain (loss) on sale of discontinued operations, net of taxes		—			(7	)
Cumulative effect of accounting changes, net of taxes		—			—

Net Earnings	$	346		$	213


	Three months ended December 31,
EARNINGS PER SHARE	2004			2003
Basic EPS
Net earnings from continuing operations	$	0.71		$	0.45
Net earnings from discontinued operations, net of taxes		—			—
Gain on sale of discontinued operations, net of taxes		—			(0.01	)
Cumulative effect of accounting changes, net of taxes		—			—

Basic earnings per share	$	0.71		$	0.44

Diluted EPS
Net earnings from continuing operations	$	0.70		$	0.45
Net earnings from discontinued operations, net of taxes		—			—
Gain on sale of discontinued operations, net of taxes		—			(0.01	)
Cumulative effect of accounting changes, net of taxes		—			—

Diluted earnings per share	$	0.70		$	0.44

Shares outstanding (millions)
Basic		489.6			489.5
Diluted		492.4			489.5

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Amounts in millions, except per share data)


	Twelve months ended December 31,
HISTORICAL COMBINED EARNINGS BY SEGMENT	2004			2003
Earnings (loss) from continuing operations before income taxes
Protection	$	834		$	758
Retirement Income & Investments		237			229
Mortgage Insurance		612			531
Corporate and Other		(13	)		(157	)
Affinity		(32	)		21

Total	$	1,638		$	1,382

Net earnings (loss) from continuing operations
Protection	$	528		$	487
Retirement Income and Investments		153			151
Mortgage Insurance		426			369
Corporate and Other		52			(54	)
Affinity		(14	)		16

Total		1,145			969

Net earnings from discontinued operations, net of taxes		—			186
Gain (loss) on sale of discontinued operations, net of taxes		7			(74	)
Cumulative effect of accounting changes, net of taxes		5			—

Net Earnings	$	1,157		$	1,081


	Twelve months ended December 31,
EARNINGS PER SHARE	2004			2003
Basic EPS
Net earnings from continuing operations	$	2.34		$	1.98
Net earnings from discontinued operations, net of taxes		—			0.38
Gain on sale of discontinued operations, net of taxes		0.01			(0.15	)
Cumulative effect of accounting changes, net of taxes		0.01			—

Basic earnings per share	$	2.36		$	2.21

Diluted EPS
Net earnings from continuing operations	$	2.33		$	1.98
Net earnings from discontinued operations, net of taxes		—			0.38
Gain on sale of discontinued operations, net of taxes		0.01			(0.15	)
Cumulative effect of accounting changes, net of taxes		0.01			—

Diluted earnings per share	$	2.36		$	2.21

Shares outstanding (millions)
Basic		489.5			489.5
Diluted		490.5			489.5

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Earnings From Continuing Operations

(Dollar amounts in millions)


	Three months ended December 31,
	2004			2003
REVENUES:
Premiums	$	1,606		$	1,766
Net investment income		825			1,031
Net realized investment gains (losses)		(1	)		39
Policy fees and other income		212			230

Total revenues		2,642			3,066

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,129			1,464
Interest credited		344			402
Underwriting, acquisition and insurance expenses, net of deferrals		429			427
Amortization of deferred acquisition costs and intangibles		262			416
Interest expense		63			46

Total benefits and expenses		2,227			2,755

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		415			311
Provision for income taxes		69			91
Effective tax rate		17	%		29	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	346		$	220

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Earnings From Continuing Operations

(Dollar amounts in millions)


	Twelve months ended December 31,
	2004			2003
REVENUES:
Premiums	$	6,559		$	6,707
Net investment income		3,648			4,051
Net realized investment gains		26			10
Policy fees and other income		824			915

Total revenues		11,057			11,683

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		4,804			5,270
Interest credited		1,432			1,624
Underwriting, acquisition and insurance expenses, net of deferrals		1,812			1,916
Amortization of deferred acquisition costs and intangibles		1,154			1,351
Interest expense		217			140

Total benefits and expenses		9,419			10,301

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		1,638			1,382
Provision for income taxes		493			413
Effective tax rate		30	%		30	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	1,145		$	969

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Combined Statement of Financial Position

(Dollar amounts in millions)


	December 31, 2004		December 31, 2003
ASSETS
Investments:
Fixed maturities available-for-sale, at fair value	$	52,424	$	65,485
Equity securities available-for-sale, at fair value		374		600
Mortgage and other loans, net of valuation allowance of $52 and $50		6,051		6,114
Policy loans		1,224		1,105
Short term investments		818		531
Restricted investments held by securitization entities		860		1,069
Other invested assets		3,996		3,789

Total investments		65,747		78,693
Cash and cash equivalents		1,392		1,982
Accrued investment income		733		970
Deferred acquisition costs		5,020		5,788
Intangible assets		780		1,346
Goodwill		1,465		1,728
Reinsurance recoverable		18,535		2,334
Other assets ($24 and $65 restricted in securitization entities)		1,322		2,346
Separate account assets		8,884		8,244

Total assets	$	103,878	$	103,431

LIABILITIES AND STOCKHOLDERS' INTEREST
Liabilities:
Future annuity and contract benefits	$	61,698	$	59,257
Liability for policy and contract claims		3,329		3,207
Unearned premiums		3,597		3,616
Other policyholder liabilities		638		465
Other liabilities ($3 and $59 restricted in securitization entities)		7,167		7,051
Non-recourse funding obligations		900		600
Short-term borrowings		499		2,239
Long-term borrowings		2,442		529
Senior notes underlying equity units		600		—
Preferred stock		100		—
Deferred tax liability		309		1,405
Borrowings related to securitization entities		849		1,018
Separate account liabilities		8,884		8,244

Total liabilities		91,012		87,631
Stockholders' interest:
Common stock		—		—
Paid-in capital		10,612		8,377
Accumulated nonowner changes in stockholders' interest:
Net unrealized investment gains		1,019		1,518
Derivatives qualifying as hedges		268		(5	)
Foreign currency translation adjustments		322		159

Total accumulated nonowner changes in stockholders' interest		1,609		1,672
Retained earnings		645		5,751

Total stockholders' interest		12,866		15,800

Total liabilities and stockholders' interest	$	103,878	$	103,431

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

PRO FORMA HIGHLIGHTS

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Amounts in millions, except per share data)


	Three months ended December 31,
PRO FORMA EARNINGS BY SEGMENT	2004			2003
Earnings (loss) from continuing operations before income taxes
Protection	$	218		$	158
Retirement Income & Investments		54			21
Mortgage Insurance		151			131
Corporate and Other		(8	)		(10	)

Total	$	415		$	300

Net earnings (loss) from continuing operations
Protection	$	140		$	96
Retirement Income and Investments		35			12
Mortgage Insurance		107			77
Corporate and Other		64			26

Total	$	346		$	211

Net operating earnings (loss)
Protection	$	140		$	96
Retirement Income and Investments		35			12
Mortgage Insurance		107			77
Corporate and Other (see reconciliation below)		(28	)		(6	)

Total	$	254		$	179


	As of or for the three months ended December 31,
PRO FORMA EARNINGS PER SHARE	2004			2003
Basic EPS
Net earnings from continuing operations per share	$	0.71		$	0.43
Net operating earnings per share	$	0.52		$	0.37
Diluted EPS
Net earnings from continuing operations per share	$	0.70		$	0.43
Net operating earnings per share	$	0.52		$	0.37
Shares outstanding (millions)
Basic		489.6			489.5
Diluted		492.4			489.5

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


	Three months ended December 31,
	2004			2003
Segment net earnings	$	64		$	24
Excluded assets and liabilities (a)		—			(3	)
Reinsurance transactions (b)		—			15
Capital structure and other (c)		—			(10	)

Pro forma segment net earnings		64			26

Pro forma net realized (gains) losses on investments, net of taxes		1			(32	)
Net tax benefit related to initial public offering		(68	)		—
Gain on outsourcing services agreement, net of taxes		(25	)		—

Pro forma net operating loss	$	(28	)	$	(6	)

Note:

For a discussion of notes (a), (b), and (c) to these tables see Notes To Pro Forma Financial Information on page 8.

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Financial Highlights

(Amounts in millions, except per share data)


	Twelve months ended December 31,
PRO FORMA EARNINGS BY SEGMENT	2004			2003
Earnings (loss) before income taxes
Protection	$	832		$	751
Retirement Income & Investments		230			141
Mortgage Insurance		612			531
Corporate and Other		(50	)		(160	)

Total earnings (loss) before income taxes	$	1,624		$	1,263

Segment net earnings (loss)
Protection	$	527		$	481
Retirement Income and Investments		148			93
Mortgage Insurance		426			369
Corporate and Other		29			(51	)

Total segment net earnings (loss)	$	1,130		$	892

Net operating earnings (loss)
Protection	$	527		$	481
Retirement Income and Investments		148			93
Mortgage Insurance		426			369
Corporate and Other (see reconciliation below)		(57	)		(76	)

Total	$	1,044		$	867


	As of or for the twelve months ended December 31,
PRO FORMA EARNINGS PER SHARE	2004			2003
Basic EPS
Net earnings from continuing operations per share	$	2.31		$	1.82
Net operating earnings per share	$	2.13		$	1.77

Diluted EPS
Net earnings from continuing operations per share	$	2.30		$	1.82
Net operating earnings per share	$	2.13		$	1.77

Shares outstanding (millions)
Basic		489.5			489.5
Diluted		490.5			489.5

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


	Twelve months ended December 31,
	2004			2003
Segment net earnings (loss)	$	52		$	(54	)
Excluded assets and liabilities (a)		(5	)		(2	)
Reinsurance transactions (b)		—			47
Capital structure and other (c)		(18	)		(42	)

Pro forma segment net earnings (loss)		29			(51	)

Pro forma net realized (gains) losses on investments, net of taxes		(15	)		(25	)
Net tax benefit related to initial public offering		(46	)		—
Gain on outsourcing services agreement, net of taxes		(25	)		—

Pro forma net operating loss	$	(57	)	$	(76	)

Note:

For a discussion of notes (a), (b), and (c) to these tables see Notes To Pro Forma Financial Information on page 8.

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Earnings From Continuing Operations

(Dollar amounts in millions)


	Three months ended December 31,
	2004			2003
REVENUES:
Premiums	$	1,606		$	1,651
Net investment income		825			757
Net realized investment gains (losses)		(1	)		49
Policy fees and other income		212			134

Total revenues		2,642			2,591

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,129			1,184
Interest credited		344			335
Underwriting, acquisition and insurance expenses, net of deferrals		429			352
Amortization of deferred acquisition costs and intangibles		262			359
Interest expense		63			61

Total benefits and expenses		2,227			2,291

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		415			300
Provision for income taxes		69			89
Effective tax rate		17	%		30	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	346		$	211

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Earnings From Continuing Operations

(Dollar amounts in millions)


	Twelve months ended December 31,
	2004			2003
REVENUES:
Premiums	$	6,388		$	6,256
Net investment income		3,160			2,964
Net realized investment gains		23			38
Policy fees and other income		664			529

Total revenues		10,235			9,787

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		4,340			4,229
Interest credited		1,319			1,358
Underwriting, acquisition and insurance expenses, net of deferrals		1,657			1,583
Amortization of deferred acquisition costs and intangibles		1,052			1,149
Interest expense		243			205

Total benefits and expenses		8,611			8,524

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		1,624			1,263
Provision for income taxes		494			371
Effective tax rate		30	%		29	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	1,130		$	892

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GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

ADDITIONAL

PRO FORMA INFORMATION

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Statement of Earnings by Segment

(Dollar amounts in millions)


Three months ended December 31, 2004	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Combined
REVENUES:
Premiums	$	1,094	$	277	$	213	$	22		$	1,606
Net investment income		311		417		68		29			825
Net realized investment losses		—		—		—		(1	)		(1	)
Policy fees and other income		102		58		8		44			212

Total revenues		1,507		752		289		94			2,642

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		705		363		53		8			1,129
Interest credited		91		253		—		—			344
Underwriting, acquisition and insurance expenses, net of deferrals		279		48		69		33			429
Amortization of deferred acquisition costs and intangibles		208		34		16		4			262
Interest expense		6		—		—		57			63

Total benefits and expenses		1,289		698		138		102			2,227

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		218		54		151		(8	)		415

Provision for income taxes		78		19		44		(72	)		69

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		140		35		107		64			346

Pro forma net realized losses on investments, net of taxes		—		—		—		1			1
Net tax benefit related to initial public offering		—		—		—		(68	)		(68	)
Gain on outsourcing services agreement, net of taxes		—		—		—		(25	)		(25	)

NET OPERATING EARNINGS	$	140	$	35	$	107	$	(28	)	$	254


Three months ended December 31, 2003	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Combined
REVENUES:
Premiums	$	1,123	$	303	$	194	$	31		$	1,651
Net investment income		273		394		58		32			757
Net realized investment gains		—		—		—		49			49
Policy fees and other income		94		28		10		2			134

Total revenues		1,490		725		262		114			2,591

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		737		358		46		43			1,184
Interest credited		90		245		—		—			335
Underwriting, acquisition and insurance expenses, net of deferrals		199		64		74		15			352
Amortization of deferred acquisition costs and intangibles		304		37		11		7			359
Interest expense		2		—		—		59			61

Total benefits and expenses		1,332		704		131		124			2,291

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		158		21		131		(10	)		300

Provision for income taxes		62		9		54		(36	)		89

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		96		12		77		26			211

Pro forma net realized gain on investments, net of taxes		—		—		—		(32	)		(32	)

NET OPERATING EARNINGS (LOSS)	$	96	$	12	$	77	$	(6	)	$	179

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Statement of Earnings by Segment

(Dollar amounts in millions)


Twelve months ended December 31, 2004	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Combined
REVENUES:
Premiums	$	4,398	$	1,094	$	800	$	96		$	6,388
Net investment income		1,178		1,582		254		146			3,160
Net realized investment gains		—		—		—		23			23
Policy fees and other income		359		215		36		54			664

Total revenues		5,935		2,891		1,090		319			10,235

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		2,788		1,352		165		35			4,340
Interest credited		362		957		—		—			1,319
Underwriting, acquisition and insurance expenses, net of deferrals		1,077		229		262		89			1,657
Amortization of deferred acquisition costs and intangibles		861		122		51		18			1,052
Interest expense		15		1		—		227			243

Total benefits and expenses		5,103		2,661		478		369			8,611

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		832		230		612		(50	)		1,624

Provision for income taxes		305		82		186		(79	)		494

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		527		148		426		29			1,130

Pro forma net realized gains on investments, net of taxes		—		—		—		(15	)		(15	)
Net tax benefit related to initial public offering		—		—		—		(46	)		(46	)
Gain on outsourcing services agreement, net of taxes		—		—		—		(25	)		(25	)

NET OPERATING EARNINGS (LOSS)	$	527	$	148	$	426	$	(57	)	$	1,044


Twelve months ended December 31, 2003	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Combined
REVENUES:
Premiums	$	4,381	$	1,049	$	716	$	110		$	6,256
Net investment income		1,092		1,563		218		91			2,964
Net realized investment gains		—		—		—		38			38
Policy fees and other income		356		117		48		8			529

Total revenues		5,829		2,729		982		247			9,787

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		2,745		1,293		115		76			4,229
Interest credited		365		993		—		—			1,358
Underwriting, acquisition and insurance expenses, net of deferrals		984		189		299		111			1,583
Amortization of deferred acquisition costs and intangibles		981		113		37		18			1,149
Interest expense		3		—		—		202			205

Total benefits and expenses		5,078		2,588		451		407			8,524

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		751		141		531		(160	)		1,263

Provision for income taxes		270		48		162		(109	)		371

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		481		93		369		(51	)		892

Pro forma net realized gains on investments, net of taxes		—		—		—		(25	)		(25	)

NET OPERATING EARNINGS (LOSS)	$	481	$	93	$	369	$	(76	)	$	867

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Protection

(Dollar amounts in millions)


Three months ended December 31, 2004	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	192	$	396	$	347	$	159	$	1,094
Net investment income		115		158		27		11		311
Policy fees and other income		93		2		2		5		102

Total revenues		400		556		376		175		1,507

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		166		378		51		110		705
Interest credited		60		31		—		—		91
Underwriting, acquisition and insurance expenses, net of deferrals		27		63		140		49		279
Amortization of deferred acquisition costs and intangibles		37		13		149		9		208
Interest expense		6		—		—		—		6

Total benefits and expenses		296		485		340		168		1,289

EARNINGS BEFORE INCOME TAXES		104		71		36		7		218

Provision for income taxes		37		25		14		2		78

SEGMENT NET EARNINGS	$	67	$	46	$	22	$	5	$	140


Three months ended December 31, 2003	Life		Long Term Care		Payment Protection Ins.			Group		Total
REVENUES:
Premiums	$	177	$	415	$	378		$	153	$	1,123
Net investment income		113		132		19			9		273
Policy fees and other income		78		5		5			6		94

Total revenues		368		552		402			168		1,490

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		166		361		106			104		737
Interest credited		63		27		—			—		90
Underwriting, acquisition and insurance expenses, net of deferrals		32		67		51			49		199
Amortization of deferred acquisition costs and intangibles		26		21		249			8		304
Interest expense		2		—		—			—		2

Total benefits and expenses		289		476		406			161		1,332

EARNINGS BEFORE INCOME TAXES		79		76		(4	)		7		158

Provision for income taxes		29		29		1			3		62

SEGMENT NET EARNINGS (LOSS)	$	50	$	47	$	(5	)	$	4	$	96

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

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Protection

(Dollar amounts in millions)


Twelve months ended December 31, 2004	Life		Long Term Care		Payment Protection		Group		Total
REVENUES:
Premiums	$	759	$	1,589	$	1,427	$	623	$	4,398
Net investment income		444		585		106		43		1,178
Policy fees and other income		315		8		16		20		359

Total revenues		1,518		2,182		1,549		686		5,935

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		633		1,463		263		429		2,788
Interest credited		242		119		—		1		362
Underwriting, acquisition and insurance expenses, net of deferrals		117		257		527		176		1,077
Amortization of deferred acquisition costs and intangibles		125		77		625		34		861
Interest expense		15		—		—		—		15

Total benefits and expenses		1,132		1,916		1,415		640		5,103

EARNINGS BEFORE INCOME TAXES		386		266		134		46		832

Provision for income taxes		141		95		53		16		305

SEGMENT NET EARNINGS	$	245	$	171	$	81	$	30	$	527


Twelve months ended December 31, 2003	Life		Long Term Care		Payment Protection		Group		Total
REVENUES:
Premiums	$	698	$	1,567	$	1,508	$	608	$	4,381
Net investment income		443		514		95		40		1,092
Policy fees and other income		302		13		12		29		356

Total revenues		1,443		2,094		1,615		677		5,829

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		561		1,398		376		410		2,745
Interest credited		257		108		—		—		365
Underwriting, acquisition and insurance expenses, net of deferrals		143		257		409		175		984
Amortization of deferred acquisition costs and intangibles		145		68		740		28		981
Interest expense		3		—		—		—		3

Total benefits and expenses		1,109		1,831		1,525		613		5,078

EARNINGS BEFORE INCOME TAXES		334		263		90		64		751

Provision for income taxes		123		98		26		23		270

SEGMENT NET EARNINGS	$	211	$	165	$	64	$	41	$	481

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

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Retirement Income and Investments

(Dollar amounts in millions)


Three months ended December 31, 2004	Spread Based Retail Products		Fee Based Products		Spread Based Institutional Products		Total
REVENUES:
Premiums	$	277	$	—	$	—	$	277
Net investment income		319		4		94		417
Policy fees and other income		3		55		—		58

Total revenues		599		59		94		752

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		361		2		—		363
Interest credited		173		3		77		253
Underwriting, acquisition and insurance expenses, net of deferrals		19		28		1		48
Amortization of deferred acquisition costs and intangibles		27		7		—		34
Interest expense		—		—		—		—

Total benefits and expenses		580		40		78		698

EARNINGS BEFORE INCOME TAXES		19		19		16		54

Provision for income taxes		10		3		6		19

SEGMENT NET EARNINGS	$	9	$	16	$	10	$	35


Three months ended December 31, 2003	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	303	$	—		$	—	$	303
Net investment income		301		13			80		394
Policy fees and other income		4		24			—		28

Total revenues		608		37			80		725

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		347		11			—		358
Interest credited		166		8			71		245
Underwriting, acquisition and insurance expenses, net of deferrals		38		23			3		64
Amortization of deferred acquisition costs and intangibles		46		(9	)		—		37
Interest expense		—		—			—		—

Total benefits and expenses		597		33			74		704

EARNINGS BEFORE INCOME TAXES		11		4			6		21

Provision for income taxes		3		4			2		9

SEGMENT NET EARNINGS	$	8	$	—		$	4	$	12

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

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Retirement Income and Investments

(Dollar amounts in millions)


Twelve months ended December 31, 2004	Spread Based Retail Products		Fee Based Products		Spread Based Institutional Products		Total
REVENUES:
Premiums	$	1,094	$	—	$	—	$	1,094
Net investment income		1,239		11		332		1,582
Policy fees and other income		14		201		—		215

Total revenues		2,347		212		332		2,891

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,345		7		—		1,352
Interest credited		667		9		281		957
Underwriting, acquisition and insurance expenses, net of deferrals		111		114		4		229
Amortization of deferred acquisition costs and intangibles		106		16		—		122
Interest expense		1		—		—		1

Total benefits and expenses		2,230		146		285		2,661

EARNINGS BEFORE INCOME TAXES		117		66		47		230

Provision for income taxes		46		19		17		82

SEGMENT NET EARNINGS	$	71	$	47	$	30	$	148


Twelve months ended December 31, 2003	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	1,049	$	—		$	—	$	1,049
Net investment income		1,186		31			346		1,563
Policy fees and other income		14		103			—		117

Total revenues		2,249		134			346		2,729

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,252		41			—		1,293
Interest credited		677		20			296		993
Underwriting, acquisition and insurance expenses, net of deferrals		119		65			5		189
Amortization of deferred acquisition costs and intangibles		105		8			—		113
Interest expense		—		—			—		—

Total benefits and expenses		2,153		134			301		2,588

EARNINGS BEFORE INCOME TAXES		96		—			45		141

Provision for income taxes		36		(4	)		16		48

SEGMENT NET EARNINGS	$	60	$	4		$	29	$	93

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

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Mortgage Insurance

(Dollar amounts in millions)


Three months ended December 31, 2004	U. S.		International		Total
REVENUES:
Premiums	$	112	$	101	$	213
Net investment income		34		34		68
Policy fees and other income		3		5		8

Total revenues		149		140		289

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39		14		53
Underwriting, acquisition and insurance expenses, net of deferrals		39		30		69
Amortization of deferred acquisition costs and intangibles		10		6		16

Total benefits and expenses		88		50		138

EARNINGS BEFORE INCOME TAXES		61		90		151

Provision for income taxes		11		33		44

SEGMENT NET EARNINGS	$	50	$	57	$	107


Three months ended December 31, 2003	U. S.		International		Total
REVENUES:
Premiums	$	127	$	67	$	194
Net investment income		31		27		58
Policy fees and other income		6		4		10

Total revenues		164		98		262

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		42		4		46
Underwriting, acquisition and insurance expenses, net of deferrals		52		22		74
Amortization of deferred acquisition costs and intangibles		7		4		11

Total benefits and expenses		101		30		131

EARNINGS BEFORE INCOME TAXES		63		68		131

Provision for income taxes		24		30		54

SEGMENT NET EARNINGS	$	39	$	38	$	77

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

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Mortgage Insurance

(Dollar amounts in millions)


Twelve months ended December 31, 2004	U. S.		International		Total
REVENUES:
Premiums	$	460	$	340	$	800
Net investment income		132		122		254
Policy fees and other income		17		19		36

Total revenues		609		481		1,090

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		127		38		165
Underwriting, acquisition and insurance expenses, net of deferrals		163		99		262
Amortization of deferred acquisition costs and intangibles		31		20		51

Total benefits and expenses		321		157		478

EARNINGS BEFORE INCOME TAXES		288		324		612

Provision for income taxes		64		122		186

SEGMENT NET EARNINGS	$	224	$	202	$	426



Twelve months ended December 31, 2003	U. S.		International		Total
REVENUES:
Premiums	$	501	$	215	$	716
Net investment income		128		90		218
Policy fees and other income		36		12		48

Total revenues		665		317		982

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		99		16		115
Underwriting, acquisition and insurance expenses, net of deferrals		234		65		299
Amortization of deferred acquisition costs and intangibles		25		12		37

Total benefits and expenses		358		93		451

EARNINGS BEFORE INCOME TAXES		307		224		531

Provision for income taxes		82		80		162

SEGMENT NET EARNINGS	$	225	$	144	$	369

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—Mortgage Insurance

(Dollar amounts in millions)


	As of or for the three months ended December 31
	2004			2003
Primary Insurance in Force
U.S. Mortgage Insurance	$	108,900		$	122,200
International Mortgage Insurance		192,600			136,300

Total primary insurance in force	$	301,500		$	258,500

Total Risk in Force
U.S. Mortgage Insurance	$	23,700		$	26,900
International Mortgage Insurance		62,000			43,400

Total risk in force	$	85,700		$	70,300

New Insurance Written
U.S. Mortgage Insurance	$	7,074		$	18,087
International Mortgage Insurance		15,225			12,210

Total new insurance written	$	22,299		$	30,297

Net Premiums Written
U.S. Mortgage Insurance	$	111		$	120
International Mortgage Insurance		169			146

Total net premiums written	$	280		$	266

Loss Ratio
U.S. Mortgage Insurance		35	%		33	%
International Mortgage Insurance		14	%		6	%

Total loss ratio		25	%		24	%

Expense Ratio
U.S. Mortgage Insurance		44	%		49	%
International Mortgage Insurance		21	%		18	%

Total expense ratio		30	%		32	%

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—Mortgage Insurance, Domestic Only

(Dollar amounts in millions)


	As of or for the three months ended December 31
	2004			2003
*New Risk Written*
Flow	$	1,638		$	2,627
Bulk		9			90

Total	$	1,647		$	2,717

*Risk in Force*
Flow	$	22,666		$	25,396
Bulk		303			409

Primary		22,969			25,805
Pool		736			1,046

Total	$	23,705		$	26,851

*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		91	%		86	%
Bulk by FICO Scores 575-619		5	%		8	%
Bulk by FICO Scores < 575		4	%		6	%

Primary A minus and sub-prime		9.9	%		9.3	%

*Primary Loans*
Primary total loans in force		830,688			950,157
Primary total loans in default		28,467			32,207
Primary loans total default rate		3.4	%		3.4	%

Flow loans in default		26,737			29,787
Flow loans default rate		3.7	%		3.5	%

Bulk loans in default		1,730			2,420
Bulk loans default rate		1.6	%		2.2	%

A minus and sub-prime loans in default		7,068			6,881
A minus and sub-prime loans default rate		10.1	%		9.1	%

*Pool Loans*
Pool loans in default		777			855
Pool loans default rate		3.1	%		2.3	%

*Claims Paid*
Primary Claims Paid (includes LAE)		38.4			31.7
Pool Claims Paid (includes LAE)		0.1			0.2
Primary Average Claim Severity		96	%		94	%

*Other Measures*
Flow Persistency (1)		64	%		58	%
Gross written premiums ceded to captives/total gross written premiums		25	%		23	%

(1)	Excludes bulk transactions and the effect of a periodic payoff reconciliation on one structured transaction involving single premium mortgage insurance.

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Corporate and Other

(Dollar amounts in millions)


Three months ended December 31, 2004	Total
REVENUES
Premiums	$	22
Net investment income		29
Net realized investment losses		(1	)
Policy fees and other income		44

Total revenues		94

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		8
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		33
Amortization of deferred acquisition costs and intangibles		4
Interest expense		57

Total benefits and expenses		102

LOSS BEFORE INCOME TAXES		(8	)

Benefit from income taxes		(72	)

SEGMENT NET EARNINGS		64

Pro forma net realized losses on investments, net of taxes		1
Net tax benefit related to initial public offering		(68	)
Gain on outsourcing services agreement, net of taxes		(25	)

NET OPERATING LOSS	$	(28	)


Three months ended December 31, 2003	Total
REVENUES
Premiums	$	31
Net investment income		32
Net realized investment gains		49
Policy fees and other income		2

Total revenues		114

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		43
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		15
Amortization of deferred acquisition costs and intangibles		7
Interest expense		59

Total benefits and expenses		124

LOSS BEFORE INCOME TAXES		(10	)

Benefit from income taxes		(36	)

SEGMENT NET EARNINGS		26

Pro forma net realized gains on investments, net of taxes		(32	)

NET OPERATING LOSS	$	(6	)

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Corporate and Other

(Dollar amounts in millions)


Twelve months ended December 31, 2004	Total
REVENUES
Premiums	$	96
Net investment income		146
Net realized investment gains		23
Policy fees and other income		54

Total revenues		319

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		35
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		89
Amortization of deferred acquisition costs and intangibles		18
Interest expense		227

Total benefits and expenses		369

LOSS BEFORE INCOME TAXES		(50	)

Benefit from income taxes		(79	)

SEGMENT NET EARNINGS		29

Pro forma net realized gains on investments, net of taxes		(15	)
Net tax benefit related to initial public offering		(46	)
Gain on outsourcing services agreement, net of taxes		(25	)

NET OPERATING LOSS	$	(57	)


Twelve months ended December 31, 2003	Total
REVENUES
Premiums	$	110
Net investment income		91
Net realized investment gains		38
Policy fees and other income		8

Total revenues		247

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		76
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		111
Amortization of deferred acquisition costs and intangibles		18
Interest expense		202

Total benefits and expenses		407

LOSS BEFORE INCOME TAXES		(160	)

Benefit from income taxes		(109	)

SEGMENT NET LOSS		(51	)

Pro forma net realized gains on investments, net of taxes		(25	)

NET OPERATING LOSS	$	(76	)

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Net Earnings

(Dollar amounts in millions)


	2004															2003
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	1,606		$	1,523		$	1,640		$	1,619		$	6,388		$	1,651		$	1,547		$	1,580		$	1,478		$	6,256
Net investment income		825			785			797			753			3,160			757			764			722			721			2,964
Net realized investment gains (losses)		(1	)		3			6			15			23			49			(9	)		(22	)		20			38
Policy fees and other income		212			159			144			149			664			134			134			123			138			529

Total revenues		2,642			2,470			2,587			2,536			10,235			2,591			2,436			2,403			2,357			9,787

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,129			1,034			1,097			1,080			4,340			1,184			1,079			967			999			4,229
Interest credited		344			328			324			323			1,319			335			340			340			343			1,358
Underwriting, acquisition and insurance expenses, net of deferrals		429			399			416			413			1,657			352			441			386			404			1,583
Amortization of deferred acquisition costs and intangibles		262			242			264			284			1,052			359			226			313			251			1,149
Interest expense		63			60			59			61			243			61			57			44			43			205

Total benefits and expenses		2,227			2,063			2,160			2,161			8,611			2,291			2,143			2,050			2,040			8,524

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		415			407			427			375			1,624			300			293			353			317			1,263

Provision for income taxes		69			136			168			121			494			89			83			111			88			371

NET EARNINGS FROM CONTINUING OPERATIONS		346			271			259			254			1,130			211			210			242			229			892

Pro forma net realized (gains) losses on investments, net of taxes		1			(2	)		(4	)		(10	)		(15	)		(32	)		6			14			(13	)		(25	)
Net tax benefit related to initial public offering		(68	)		—			22			—			(46	)		—			—			—			—			—
Gain on outsourcing services agreement, net of taxes		(25	)		—			—			—			(25	)		—			—			—			—			—

NET OPERATING EARNINGS	$	254		$	269		$	277		$	244		$	1,044		$	179		$	216		$	256		$	216		$	867

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Protection

(Dollar amounts in millions)


	2004										2003
	Q4		Q3		Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,094	$	1,085	$	1,098	$	1,121	$	4,398	$	1,123	$	1,099	$	1,128	$	1,031	$	4,381
Net investment income		311		298		288		281		1,178		273		277		271		271		1,092
Policy fees and other income		102		91		79		87		359		94		90		81		91		356

Total revenues		1,507		1,474		1,465		1,489		5,935		1,490		1,466		1,480		1,393		5,829

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		705		698		691		694		2,788		737		707		657		644		2,745
Interest credited		91		91		90		90		362		90		92		92		91		365
Underwriting, acquisition and insurance expenses, net of deferrals		279		267		262		269		1,077		199		280		244		261		984
Amortization of deferred acquisition costs and intangibles		208		198		214		241		861		304		181		290		206		981
Interest expense		6		4		2		3		15		2		1		—		—		3

Total benefits and expenses		1,289		1,258		1,259		1,297		5,103		1,332		1,261		1,283		1,202		5,078

EARNINGS BEFORE INCOME TAXES		218		216		206		192		832		158		205		197		191		751

Provision for income taxes		78		81		77		69		305		62		73		68		67		270

SEGMENT NET EARNINGS	$	140	$	135	$	129	$	123	$	527	$	96	$	132	$	129	$	124	$	481

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

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Retirement Income and Investments

(Dollar amounts in millions)


	2004										2003
	Q4		Q3		Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	277	$	219	$	321	$	277	$	1,094	$	303	$	237	$	251	$	258	$	1,049
Net investment income		417		393		395		377		1,582		394		381		387		401		1,563
Policy fees and other income		58		52		53		52		215		28		29		27		33		117

Total revenues		752		664		769		706		2,891		725		647		665		692		2,729

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		363		281		370		338		1,352		358		316		306		313		1,293
Interest credited		253		237		234		233		957		245		248		248		252		993
Underwriting, acquisition and insurance expenses, net of deferrals		48		59		61		61		229		64		33		40		52		189
Amortization of deferred acquisition costs and intangibles		34		25		35		28		122		37		30		12		34		113
Interest expense		—		—		1		—		1		—		—		—		—		—

Total benefits and expenses		698		602		701		660		2,661		704		627		606		651		2,588

EARNINGS BEFORE INCOME TAXES		54		62		68		46		230		21		20		59		41		141

Provision for income taxes		19		22		25		16		82		9		5		19		15		48

SEGMENT NET EARNINGS	$	35	$	40	$	43	$	30	$	148	$	12	$	15	$	40	$	26	$	93

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

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Mortgage Insurance

(Dollar amounts in millions)


	2004										2003
	Q4		Q3		Q2		Q1		Total		Q4		Q3		Q2			Q1		Total
REVENUES:
Premiums	$	213	$	197	$	195	$	195	$	800	$	194	$	182	$	175		$	165	$	716
Net investment income		68		65		61		60		254		58		56		54			50		218
Policy fees and other income		8		10		10		8		36		10		13		13			12		48

Total revenues		289		272		266		263		1,090		262		251		242			227		982

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		53		46		27		39		165		46		44		(8	)		33		115
Underwriting, acquisition and insurance expenses, net of deferrals		69		64		65		64		262		74		74		81			70		299
Amortization of deferred acquisition costs and intangibles		16		12		11		12		51		11		10		8			8		37

Total benefits and expenses		138		122		103		115		478		131		128		81			111		451

EARNINGS BEFORE INCOME TAXES		151		150		163		148		612		131		123		161			116		531

Provision for income taxes		44		48		49		45		186		54		30		47			31		162

SEGMENT NET EARNINGS	$	107	$	102	$	114	$	103	$	426	$	77	$	93	$	114		$	85	$	369

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Pro Forma Segment Net Earnings—Corporate and Other

(Dollar amounts in millions)


	2004															2003
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	22		$	22		$	26		$	26		$	96		$	31		$	29		$	26		$	24		$	110
Net investment income (loss)		29			29			53			35			146			32			50			10			(1	)		91
Net realized investment gains		(1	)		3			6			15			23			49			(9	)		(22	)		20			38
Policy fees and other income		44			6			2			2			54			2			2			2			2			8

Total Revenue		94			60			87			78			319			114			72			16			45			247

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		8			9			9			9			35			43			12			12			9			76
Interest credited		—			—			—			—			—			—			—			—			—			—
Underwriting, acquisition and insurance expenses, net of deferrals		33			9			28			19			89			15			54			21			21			111
Amortization of deferred acquisition costs and intangibles		4			7			4			3			18			7			5			3			3			18
Interest expense		57			56			56			58			227			59			56			44			43			202

Total benefits and expenses		102			81			97			89			369			124			127			80			76			407

LOSS BEFORE INCOME TAXES		(8	)		(21	)		(10	)		(11	)		(50	)		(10	)		(55	)		(64	)		(31	)		(160	)

Provision (benefit) for income taxes		(72	)		(15	)		17			(9	)		(79	)		(36	)		(25	)		(23	)		(25	)		(109	)

SEGMENT NET EARNINGS (LOSS)		64			(6	)		(27	)		(2	)		29			26			(30	)		(41	)		(6	)		(51	)

Pro forma net realized (gains) losses on investments, net of taxes		1			(2	)		(4	)		(10	)		(15	)		(32	)		6			14			(13	)		(25	)
Net tax benefit related to initial public offering		(68	)		—			22			—			(46	)		—			—			—			—			—
Gain on outsourcing services agreement, net of taxes		(25	)		—			—			—			(25	)		—			—			—			—			—

NET OPERATING LOSS	$	(28	)	$	(8	)	$	(9	)	$	(12	)	$	(57	)	$	(6	)	$	(24	)	$	(27	)	$	(19	)	$	(76	)

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

HISTORICAL INFORMATION

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Statement of Earnings by Segment

(Dollar amounts in millions)


Three months ended December 31, 2004	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Affinity Segment		Combined
REVENUES:
Premiums	$	1,094	$	277	$	213	$	22		$	—	$	1,606
Net investment income		311		417		68		29			—		825
Net realized investment gains		—		—		—		(1	)		—		(1	)
Policy fees and other Income		102		58		8		44			—		212

Total revenues		1,507		752		289		94			—		2,642

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		705		363		53		8			—		1,129
Interest credited		91		253		—		—			—		344
Underwriting, acquisition and insurance expenses, net of deferrals		279		48		69		33			—		429
Amortization of deferred acquisition costs and intangibles		208		34		16		4			—		262
Interest expense		6		—		—		57			—		63

Total benefits and expenses		1,289		698		138		102			—		2,227

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		218		54		151		(8	)		—		415

Provision for income taxes		78		19		44		(72	)		—		69

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	140	$	35	$	107	$	64		$	—	$	346


Three months ended December 31, 2003	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Affinity Segment			Combined
REVENUES
Premiums	$	1,181	$	303	$	194	$	31		$	57		$	1,766
Net investment income		305		630		58		25			13			1,031
Realized investment losses		—		—		—		39			—			39
Policyholder fees and other Income		93		60		10		2			65			230

Total Revenue		1,579		993		262		97			135			3,066

BENEFITS AND EXPENSES
Benefits and changes in policy reserves		805		510		46		43			60			1,464
Interest credited		90		312		—		—			—			402
Underwriting, acquisition and insurance expenses, net of deferrals		214		76		74		15			48			427
Amortization of deferred acquisition costs and intangibles		312		57		11		7			29			416
Interest expense		2		—		—		44			—			46

Total benefits and expenses		1,423		955		131		109			137			2,755

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		156		38		131		(12	)		(2	)		311

Provision for income taxes		61		15		54		(36	)		(3	)		91

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	95	$	23	$	77	$	24		$	1		$	220

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Statement of Earnings by Segment

(Dollar amounts in millions)


Twelve months ended December 31, 2004	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Affinity Segment			Combined
REVENUES:
Premiums	$	4,481	$	1,094	$	800	$	96		$	88		$	6,559
Net investment income		1,224		1,996		254		148			26			3,648
Net realized investment gains		—		—		—		26			—			26
Policy fees and other Income		359		271		36		54			104			824

Total revenues		6,064		3,361		1,090		324			218			11,057

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		2,890		1,633		165		36			80			4,804
Interest credited		362		1,070		—		—			—			1,432
Underwriting, acquisition and insurance expenses, net of deferrals		1,094		250		262		83			123			1,812
Amortization of deferred acquisition costs and intangibles		869		170		51		17			47			1,154
Interest expense		15		1		—		201			—			217

Total benefits and expenses		5,230		3,124		478		337			250			9,419

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		834		237		612		(13	)		(32	)		1,638

Provision for income taxes		306		84		186		(65	)		(18	)		493

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	528	$	153	$	426	$	52		$	(14	)	$	1,145


Twelve months ended December 31, 2003	Protection Segment		RI&I Segment		Mortgage Segment		Corporate Segment			Affinity Segment		Combined
REVENUES:
Premiums	$	4,588	$	1,049	$	716	$	110		$	244	$	6,707
Net investment income		1,199		2,511		218		61			62		4,051
Net realized investment gains		—		—		—		10			—		10
Policy fees and other Income		356		243		48		8			260		915

Total revenues		6,143		3,803		982		189			566		11,683

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		2,997		1,886		115		76			196		5,270
Interest credited		365		1,259		—		—			—		1,624
Underwriting, acquisition and insurance expenses, net of deferrals		1,019		239		299		115			244		1,916
Amortization of deferred acquisition costs and intangibles		1,001		190		37		18			105		1,351
Interest expense		3		—		—		137			—		140

Total benefits and expenses		5,385		3,574		451		346			545		10,301

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		758		229		531		(157	)		21		1,382

Provision for income taxes		271		78		162		(103	)		5		413

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	487	$	151	$	369	$	(54	)	$	16	$	969

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Protection

(Dollar amounts in millions)


Three months ended December 31, 2004	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	192	$	396	$	347	$	159	$	1,094
Net investment income		115		158		27		11		311
Policy fees and other income		93		2		2		5		102

Total revenues		400		556		376		175		1,507

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		166		378		51		110		705
Interest credited		60		31		—		—		91
Underwriting, acquisition and insurance expenses, net of deferrals		27		63		140		49		279
Amortization of deferred acquisition costs and intangibles		37		13		149		9		208
Interest expense		6		—		—		—		6

Total benefits and expenses		296		485		340		168		1,289

EARNINGS BEFORE INCOME TAXES		104		71		36		7		218

Provision for income taxes		37		25		14		2		78

SEGMENT NET EARNINGS	$	67	$	46	$	22	$	5	$	140


Three months ended December 31, 2003	Life		Long Term Care		Payment Protection Ins.			Group		Total
REVENUES:
Premiums	$	177	$	473	$	378		$	153	$	1,181
Net investment income		113		164		19			9		305
Policy fees and other income		78		4		5			6		93

Total revenues		368		641		402			168		1,579

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		166		429		106			104		805
Interest credited		63		27		—			—		90
Underwriting, acquisition and insurance expenses, net of deferrals		32		82		51			49		214
Amortization of deferred acquisition costs and intangibles		26		29		249			8		312
Interest expense		2		—		—			—		2

Total benefits and expenses		289		567		406			161		1,423

EARNINGS (LOSS) BEFORE INCOME TAXES		79		74		(4	)		7		156

Provision for income taxes		29		28		1			3		61

SEGMENT NET EARNINGS (LOSS)	$	50	$	46	$	(5	)	$	4	$	95

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Protection

(Dollar amounts in millions)


Twelve months ended December 31, 2004	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	759	$	1,672	$	1,427	$	623	$	4,481
Net investment income		444		631		106		43		1,224
Policy fees and other income		315		8		16		20		359

Total revenues		1,518		2,311		1,549		686		6,064

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		633		1,565		263		429		2,890
Interest credited		242		119		—		1		362
Underwriting, acquisition and insurance expenses, net of deferrals		117		274		527		176		1,094
Amortization of deferred acquisition costs and intangibles		125		85		625		34		869
Interest expense		15		—		—		—		15

Total benefits and expenses		1,132		2,043		1,415		640		5,230

EARNINGS BEFORE INCOME TAXES		386		268		134		46		834

Provision for income taxes		141		96		53		16		306

SEGMENT NET EARNINGS	$	245	$	172	$	81	$	30	$	528


Twelve months ended December 31, 2003	Life		Long Term Care		Payment Protection Ins.		Group		Total
REVENUES:
Premiums	$	698	$	1,774	$	1,508	$	608	$	4,588
Net investment income		443		621		95		40		1,199
Policy fees and other income		302		13		12		29		356

Total revenues		1,443		2,408		1,615		677		6,143

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		561		1,650		376		410		2,997
Interest credited		257		108		—		—		365
Underwriting, acquisition and insurance expenses, net of deferrals		143		292		409		175		1,019
Amortization of deferred acquisition costs and intangibles		145		88		740		28		1,001
Interest expense		3		—		—		—		3

Total benefits and expenses		1,109		2,138		1,525		613		5,385

EARNINGS BEFORE INCOME TAXES		334		270		90		64		758

Provision for income taxes		123		99		26		23		271

SEGMENT NET EARNINGS	$	211	$	171	$	64	$	41	$	487

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Retirement Income and Investments

(Dollar amounts in millions)


Three months ended December 31, 2004	Spread Based Retail Products		Fee Based Products		Spread Based Institutional Products		Total
REVENUES:
Premiums	$	277	$	—	$	—	$	277
Net investment income		319		4		94		417
Policy fees and other income		3		55		—		58

Total revenues		599		59		94		752

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		361		2		—		363
Interest credited		173		3		77		253
Underwriting, acquisition and insurance expenses, net of deferrals		19		28		1		48
Amortization of deferred acquisition costs and intangibles		27		7		—		34
Interest expense		—		—		—		—

Total benefits and expenses		580		40		78		698

EARNINGS BEFORE INCOME TAXES		19		19		16		54

Provision for income taxes		10		3		6		19

SEGMENT NET EARNINGS	$	9	$	16	$	10	$	35


Three months ended December 31, 2003	Spread Based Retail Products		Fee Based Products		Spread Based Institutional Products		Total
REVENUES:
Premiums	$	303	$	—	$	—	$	303
Net investment income		519		31		80		630
Policy fees and other income		3		57		—		60

Total revenues		825		88		80		993

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		497		13		—		510
Interest credited		215		26		71		312
Underwriting, acquisition and insurance expenses, net of deferrals		38		35		3		76
Amortization of deferred acquisition costs and intangibles		47		10		—		57
Interest expense		—		—		—		—

Total benefits and expenses		797		84		74		955

EARNINGS BEFORE INCOME TAXES		28		4		6		38

Provision for income taxes		11		2		2		15

SEGMENT NET EARNINGS	$	17	$	2	$	4	$	23

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Retirement Income and Investments

(Dollar amounts in millions)


Twelve months ended December 31, 2004	Spread Based Retail Products		Fee Based Products		Spread Based Institutional Products		Total
REVENUES:
Premiums	$	1,094	$	—	$	—	$	1,094
Net investment income		1,604		60		332		1,996
Policy fees and other income		14		257		—		271

Total revenues		2,712		317		332		3,361

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,613		20		—		1,633
Interest credited		748		41		281		1,070
Underwriting, acquisition and insurance expenses, net of deferrals		114		132		4		250
Amortization of deferred acquisition costs and intangibles		108		62		—		170
Interest expense		1		—		—		1

Total benefits and expenses		2,584		255		285		3,124

EARNINGS BEFORE INCOME TAXES		128		62		47		237

Provision for income taxes		49		18		17		84

SEGMENT NET EARNINGS	$	79	$	44	$	30	$	153


Twelve months ended December 31, 2003	Spread Based Retail Products		Fee Based Products			Spread Based Institutional Products		Total
REVENUES:
Premiums	$	1,049	$	—		$	—	$	1,049
Net investment income		2,059		106			346		2,511
Policy fees and other income		14		229			—		243

Total revenues		3,122		335			346		3,803

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,841		45			—		1,886
Interest credited		873		90			296		1,259
Underwriting, acquisition and insurance expenses, net of deferrals		126		108			5		239
Amortization of deferred acquisition costs and intangibles		110		80			—		190
Interest expense		—		—			—		—

Total benefits and expenses		2,950		323			301		3,574

EARNINGS BEFORE INCOME TAXES		172		12			45		229

Provision for income taxes		63		(1	)		16		78

SEGMENT NET EARNINGS	$	109	$	13		$	29	$	151

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Retirement Income and Investments—Historical Account Values

(Dollar amounts in millions)


	Three months ended December 31,
	2004			2003
*Spread Based Products*

Fixed Annuities
Account value net of reinsurance, beginning of period	$	14,832		$	14,017
Deposits		483			331
Interest credited		154			148
Surrenders, benefits and product charges		(355	)		(330	)

Account value net of reinsurance, end of period	$	15,114		$	14,166

Income Annuities
Account value net of reinsurance, beginning of period	$	5,253		$	4,896
Premiums and deposits		208			225
Interest credited		77			74
Surrenders, benefits and product charges		(184	)		(188	)

Account value net of reinsurance, end of period	$	5,354		$	5,007

Structured Settlements
Account value, beginning of period	$	12,236		$	11,823
Premiums and deposits		117			145
Interest credited		213			215
Surrenders, benefits and product charges		(243	)		(166	)

Account value, end of period^a	$	12,323		$	12,017

*Spread Based Institutional Products*

GICs and Funding Agreements
Account value, beginning of the period	$	9,329		$	10,027
Premiums and deposits		873			1,153
Interest credited		77			71
Surrenders and benefits		(738	)		(1,723	)

Account value, end of period	$	9,541		$	9,528

*Fee Based Products*

Variable Annuities
Account value, beginning of period	$	10,979		$	10,496
Deposits		255			431
Interest credited and investment performance		653			438
Surrenders, benefits and product charges		(388	)		(461	)

Account value, end of period^a	$	11,499		$	10,904

Variable Life Insurance
Premiums and deposits	$	9		$	17
Future policy benefits/policy account balances, net of reinsurance		16			12
Separate account liability		297			269
Life insurance in force		3,472			3,636

^a	Included in the end of period account values for the 2004 period for structured settlements and variable annuities are $11,834 million and $10,409 million, respectively, that relate to contracts that are reinsured with UFLIC.

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Retirement Income and Investments—Historical Account Values by Contract Type

(Dollar amounts in millions)


	2004								2003
	Q4		Q3		Q2		Q1		Q4		Q3		Q2		Q1
*Spread Based Institutional Products*
Guaranteed investment contracts (GICs)	$	3,352	$	3,412	$	3,517	$	3,474	$	3,586	$	3,846	$	3,792	$	3,795
Funding agreements backing notes		3,405		2,992		2,844		2,963		2,993		2,632		2,568		2,832
Funding agreements		2,784		2,925		3,024		3,024		2,949		3,549		3,570		3,570

	$	9,541	$	9,329	$	9,385	$	9,461	$	9,528	$	10,027	$	9,930	$	10,197

Funding agreements by liquidity provisions:
7 day	$	—	$	50	$	100	$	100	$	100	$	100	$	100	$	100
30 day		—		150		200		350		350		650		650		650
90 day		1,518		1,610		1,660		1,960		1,985		2,285		2,305		2,305
180 day		100		—		—		—		—		—		—		—
No put		900		850		850		500		500		500		500		500
13 month rolling maturity		250		250		200		100		—		—		—		—
Accrued interest		16		15		14		14		14		14		15		15

Total funding agreements	$	2,784	$	2,925	$	3,024	$	3,024	$	2,949	$	3,549	$	3,570	$	3,570

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Mortgage Insurance

(Dollar amounts in millions)


Three months ended December 31, 2004	U. S.		International		Total
REVENUES:
Premiums	$	112	$	101	$	213
Net investment income		34		34		68
Policy fees and other income		3		5		8

Total revenues		149		140		289

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39		14		53
Underwriting, acquisition and insurance expenses, net of deferrals		39		30		69
Amortization of deferred acquisition costs and intangibles		10		6		16

Total benefits and expenses		88		50		138

EARNINGS BEFORE INCOME TAXES		61		90		151

Provision for income taxes		11		33		44

SEGMENT NET EARNINGS	$	50	$	57	$	107


Three months ended December 31, 2003	U. S.		International		Total
REVENUES:
Premiums	$	127	$	67	$	194
Net investment income		31		27		58
Policy fees and other income		6		4		10

Total revenues		164		98		262

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		42		4		46
Underwriting, acquisition and insurance expenses, net of deferrals		52		22		74
Amortization of deferred acquisition costs and intangibles		7		4		11

Total benefits and expenses		101		30		131

EARNINGS BEFORE INCOME TAXES		63		68		131

Provision for income taxes		24		30		54

SEGMENT NET EARNINGS	$	39	$	38	$	77

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Mortgage Insurance

(Dollar amounts in millions)


Twelve months ended December 31, 2004	U. S.		International		Total
REVENUES:
Premiums	$	460	$	340	$	800
Net investment income		132		122		254
Policy fees and other income		17		19		36

Total revenues		609		481		1,090

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		127		38		165
Underwriting, acquisition and insurance expenses, net of deferrals		163		99		262
Amortization of deferred acquisition costs and intangibles		31		20		51

Total benefits and expenses		321		157		478

EARNINGS BEFORE INCOME TAXES		288		324		612

Provision for income taxes		64		122		186

SEGMENT NET EARNINGS	$	224	$	202	$	426


Twelve months ended December 31, 2003	U. S.		International		Total
REVENUES:
Premiums	$	501	$	215	$	716
Net investment income		128		90		218
Policy fees and other income		36		12		48

Total revenues		665		317		982

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		99		16		115
Underwriting, acquisition and insurance expenses, net of deferrals		234		65		299
Amortization of deferred acquisition costs and intangibles		25		12		37

Total benefits and expenses		358		93		451

EARNINGS BEFORE INCOME TAXES		307		224		531

Provision for income taxes		82		80		162

SEGMENT NET EARNINGS	$	225	$	144	$	369

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Corporate and Other

(Dollar amounts in millions)


Three months ended December 31, 2004	Total
REVENUES
Premiums	$	22
Net investment income		29
Net realized investment losses		(1	)
Policy fees and other income		44

Total revenues		94

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		8
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		33
Amortization of deferred acquisition costs and intangibles		4
Interest expense		57

Total benefits and expenses		102

LOSS BEFORE INCOME TAXES		(8	)

Benefit from income taxes		(72	)

SEGMENT NET EARNINGS	$	64


Three months ended December 31, 2003	Total
REVENUES
Premiums	$	31
Net investment income		25
Net realized investment gains		39
Policy fees and other income		2

Total revenues		97

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		43
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		15
Amortization of deferred acquisition costs and intangibles		7
Interest expense		44

Total benefits and expenses		109

LOSS BEFORE INCOME TAXES		(12	)

Benefit from income taxes		(36	)

SEGMENT NET EARNINGS	$	24

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Corporate and Other

(Dollar amounts in millions)


Twelve months ended December 31, 2004	Total
REVENUES
Premiums	$	96
Net investment income		148
Net realized investment gains		26
Policy fees and other income		54

Total revenues		324

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		36
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		83
Amortization of deferred acquisition costs and intangibles		17
Interest expense		201

Total benefits and expenses		337

LOSS BEFORE INCOME TAXES		(13	)

Benefit from income taxes		(65	)

SEGMENT NET EARNINGS	$	52


Twelve months ended December 31, 2003	Total
REVENUES
Premiums	$	110
Net investment loss		61
Net realized investment loss		10
Policy fees and other income		8

Total revenues		189

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		76
Interest credited		—
Underwriting, acquisition and insurance expenses, net of deferrals		115
Amortization of deferred acquisition costs and intangibles		18
Interest expense		137

Total benefits and expenses		346

LOSS BEFORE INCOME TAXES		(157	)

Benefit from income taxes		(103	)

SEGMENT NET LOSS	$	(54	)

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Combined Net Earnings

(Dollar amounts in millions)


	2004											2003
	Q4			Q3		Q2		Q1		Total		Q4		Q3			Q2			Q1		Total
REVENUES:
Premiums	$	1,606		$	1,523	$	1,708	$	1,722	$	6,559	$	1,766	$	1,664		$	1,690		$	1,587	$	6,707
Net investment income		825			785		1,001		1,037		3,648		1,031		1,033			995			992		4,051
Net realized investment gains (losses)		(1	)		3		8		16		26		39		(13	)		(37	)		21		10
Policy fees and other income		212			159		204		249		824		230		232			219			234		915

Total revenues		2,642			2,470		2,921		3,024		11,057		3,066		2,916			2,867			2,834		11,683

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,129			1,034		1,290		1,351		4,804		1,464		1,345			1,205			1,256		5,270
Interest credited		344			328		364		396		1,432		402		407			406			409		1,624
Underwriting, acquisition and insurance expenses, net of deferrals		429			399		476		508		1,812		427		525			476			488		1,916
Amortization of deferred acquisition costs and intangibles		262			242		305		345		1,154		416		276			359			300		1,351
Interest expense		63			60		47		47		217		46		40			27			27		140

Total benefits and expenses		2,227			2,063		2,482		2,647		9,419		2,755		2,593			2,473			2,480		10,301

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		415			407		439		377		1,638		311		323			394			354		1,382

Provision for income taxes		69			136		171		117		493		91		93			129			100		413

NET EARNINGS FROM CONTINUING OPERATIONS	$	346		$	271	$	268	$	260	$	1,145	$	220	$	230		$	265		$	254	$	969

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Protection

(Dollar amounts in millions)


	2004										2003
	Q4		Q3		Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,094	$	1,085	$	1,132	$	1,170	$	4,481	$	1,181	$	1,150	$	1,175	$	1,082	$	4,588
Net investment income		311		298		306		309		1,224		305		298		297		299		1,199
Policy fees and other income		102		91		79		87		359		93		91		81		91		356

Total Revenues		1,507		1,474		1,517		1,566		6,064		1,579		1,539		1,553		1,472		6,143

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		705		698		727		760		2,890		805		774		715		703		2,997
Interest credited		91		91		90		90		362		90		92		92		91		365
Underwriting, acquisition and insurance expenses, net of deferrals		279		267		272		276		1,094		214		286		252		267		1,019
Amortization of deferred acquisition costs and intangibles		208		198		219		244		869		312		185		294		210		1,001
Interest expense		6		4		2		3		15		2		1		—		—		3

Total benefits and expenses		1,289		1,258		1,310		1,373		5,230		1,423		1,338		1,353		1,271		5,385

EARNINGS BEFORE INCOME TAXES		218		216		207		193		834		156		201		200		201		758

Provision for income taxes		78		81		78		69		306		61		71		69		70		271

SEGMENT NET EARNINGS	$	140	$	135	$	129	$	124	$	528	$	95	$	130	$	131	$	131	$	487

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Retirement Income and Investments

(Dollar amounts in millions)


	2004										2003
	Q4		Q3		Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	277	$	219	$	321	$	277	$	1,094	$	303	$	237	$	251	$	258	$	1,049
Net investment income		417		393		569		617		1,996		630		618		624		639		2,511
Policy fees and other income		58		52		76		85		271		60		61		58		64		243

Total revenues		752		664		966		979		3,361		993		916		933		961		3,803

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		363		281		495		494		1,633		510		463		454		459		1,886
Interest credited		253		237		274		306		1,070		312		315		314		318		1,259
Underwriting, acquisition and insurance expenses, net of deferrals		48		59		68		75		250		76		45		53		65		239
Amortization of deferred acquisition costs and intangibles		34		25		54		57		170		57		49		30		54		190
Interest expense		—		—		1		—		1		—		—		—		—		—

Total benefits and expenses		698		602		892		932		3,124		955		872		851		896		3,574

EARNINGS BEFORE INCOME TAXES		54		62		74		47		237		38		44		82		65		229

Provision for income taxes		19		22		27		16		84		15		13		27		23		78

SEGMENT NET EARNINGS	$	35	$	40	$	47	$	31	$	153	$	23	$	31	$	55	$	42	$	151

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Mortgage Insurance

(Dollar amounts in millions)


	2004										2003
	Q4		Q3		Q2		Q1		Total		Q4		Q3		Q2			Q1		Total
REVENUES:
Premiums	$	213	$	197	$	195	$	195	$	800	$	194	$	182	$	175		$	165	$	716
Net investment income		68		65		61		60		254		58		56		54			50		218
Policy fees and other income		8		10		10		8		36		10		13		13			12		48

Total revenues		289		272		266		263		1,090		262		251		242			227		982

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		53		46		27		39		165		46		44		(8	)		33		115
Underwriting, acquisition and insurance expenses, net of deferrals		69		64		65		64		262		74		74		81			70		299
Amortization of deferred acquisition costs and intangibles		16		12		11		12		51		11		10		8			8		37

Total benefits and expenses		138		122		103		115		478		131		128		81			111		451

EARNINGS BEFORE INCOME TAXES		151		150		163		148		612		131		123		161			116		531

Provision for income taxes		44		48		49		45		186		54		30		47			31		162

SEGMENT NET EARNINGS	$	107	$	102	$	114	$	103	$	426	$	77	$	93	$	114		$	85	$	369

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Corporate and Other

(Dollar amounts in millions)


	2004															2003
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	22		$	22		$	26		$	26		$	96		$	31		$	29		$	26		$	24		$	110
Net investment income (loss)		29			29			57			33			148			25			43			3			(10	)		61
Net realized investment gains (losses)		(1	)		3			8			16			26			39			(13	)		(37	)		21			10
Policy fees and other income		44			6			2			2			54			2			2			2			2			8

Total revenues		94			60			93			77			324			97			61			(6	)		37			189

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		8			9			10			9			36			43			12			12			9			76
Interest credited		—			—			—			—			—			—			—			—			—			—
Underwriting, acquisition and insurance expenses, net of deferrals		33			9			22			19			83			15			55			23			22			115
Amortization of deferred acquisition costs and intangibles		4			7			3			3			17			7			5			3			3			18
Interest expense		57			56			44			44			201			44			39			27			27			137

Total benefits and expenses		102			81			79			75			337			109			111			65			61			346

EARNINGS (LOSS) BEFORE INCOME TAXES		(8	)		(21	)		14			2			(13	)		(12	)		(50	)		(71	)		(24	)		(157	)

Provision (benefit) for income taxes		(72	)		(15	)		24			(2	)		(65	)		(36	)		(22	)		(25	)		(20	)		(103	)

SEGMENT NET EARNINGS (LOSS)	$	64		$	(6	)	$	(10	)	$	4		$	52		$	24		$	(28	)	$	(46	)	$	(4	)	$	(54	)

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Net Earnings—Affinity

(Dollar amounts in millions)


	2004													2003
	Q4		Q3		Q2			Q1			Total			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		—		—		—			—			—			—			—		—		—			—
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

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GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

ADDITIONAL

STATISTICAL DATA

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Deferred Acquisition Costs

(Dollar amounts in millions)


Deferred Acquisition Costs—Combined	Total			Protection Segment			RI&I Segment			Mortgage Segment			Corporate Segment
Balance at September 30, 2004	$	5,081		$	4,230		$	739		$	106		$	6
Costs Deferred		295			222			52			14			7
Amortization, net		(237	)		(188	)		(29	)		(12	)		(8	)
Impact of foreign currency translation		67			63			—			4			—

Unamortized balance at December 31, 2004		5,206			4,327			762			112			5
Accumulated effect of net unrealized investment gains		(186	)		(16	)		(170	)		—			—

Balance at December 31, 2004	$	5,020		$	4,311		$	592		$	112		$	5

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Investments Summary

(Dollar amounts in millions)


		December 31, 2004				September 30, 2004				June 30, 2004				March 31, 2004				December 31, 2003
		Carrying Amount		% of Total		Carrying Amount		% of Total		Carrying Amount		% of Total		Carrying Amount		% of Total		Carrying Amount		% of Total
*Composition of Investment Portfolio*
Fixed maturities, available-for-sale:
Public		$	40,150	60	%	$	39,210	59	%	$	36,703	59	%	$	54,054	65	%	$	51,336	64	%
Private			12,274	18	%		11,619	18	%		11,298	18	%		14,861	18	%		14,149	17	%
Equity securities, available-for-sale			374	1	%		360	1	%		352	1	%		547	1	%		600	1	%
Mortgage loans			6,051	9	%		5,877	9	%		5,800	9	%		6,124	7	%		6,114	8	%
Policy loans			1,224	2	%		1,215	2	%		1,108	2	%		1,114	1	%		1,105	1	%
Restricted investments held by securitization entities			860	1	%		925	1	%		956	1	%		1,018	1	%		1,069	1	%
Cash, cash equivalents and short-term investments			2,210	3	%		2,667	4	%		2,240	4	%		2,465	3	%		2,513	3	%
Other invested assets			3,996	6	%		4,299	6	%		3,558	6	%		3,535	4	%		3,789	5	%

Total invested assets and cash		$	67,139	100	%	$	66,172	100	%	$	62,015	100	%	$	83,718	100	%	$	80,675	100	%


		December 31, 2004				September 30, 2004				June 30, 2004				March 31, 2004				December 31, 2003
Public Fixed Maturities—Credit Quality:		Estimated Fair Value		% of Total		Estimated Fair Value		% of Total		Estimated Fair Value		% of Total		Estimated Fair Value		% of Total		Estimated Fair Value		% of Total
NAIC Designation	Rating Agency Equivalent Designation
1	Aaa/Aa/A	$	28,635	71	%	$	27,877	71	%	$	26,053	71	%	$	34,481	64	%	$	33,212	65	%
2	Baa		9,344	23	%		9,320	24	%		8,758	24	%		15,770	29	%		14,778	29	%
3	Ba		1,415	4	%		1,329	4	%		1,189	3	%		2,313	4	%		1,896	4	%
4	B		651	2	%		567	1	%		571	2	%		1,122	2	%		979	2	%
5	Caa and lower		63	0	%		59	0	%		94	0	%		217	1	%		272	0	%
6	In or near default		15	0	%		21	0	%		21	0	%		79	0	%		104	0	%
Not rated	Not rated		27	0	%		37	0	%		17	0	%		72	0	%		95	0	%

	Total public fixed maturities	$	40,150	100	%	$	39,210	100	%	$	36,703	100	%	$	54,054	100	%	$	51,336	100	%


Private Fixed Maturities—Credit Quality:
NAIC Designation	Rating Agency Equivalent Designation
1	Aaa/Aa/A	$	6,501	53	%	$	6,024	52	%	$	5,853	52	%	$	7,872	53	%	$	7,388	52	%
2	Baa		4,768	39	%		4,605	40	%		4,476	40	%		5,692	38	%		5,442	38	%
3	Ba		605	5	%		597	5	%		628	5	%		783	5	%		728	5	%
4	B		202	2	%		191	2	%		123	1	%		210	2	%		228	2	%
5	Caa and lower		103	1	%		106	1	%		101	1	%		138	1	%		177	1	%
6	In or near default		43	0	%		74	0	%		92	1	%		98	1	%		86	1	%
Not rated	Not rated		52	0	%		22	0	%		25	0	%		68	0	%		100	1	%

	Total private fixed maturities	$	12,274	100	%	$	11,619	100	%	$	11,298	100	%	$	14,861	100	%	$	14,149	100	%

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Fixed Maturity Summary

(Dollar amounts in millions)


	December 31, 2004				September 30, 2004				June 30, 2004				March 31, 2004				December 31, 2003
	Estimated Fair Value		% of Total		Estimated Fair Value		% of Total		Estimated Fair Value		% of Total		Estimated Fair Value		% of Total		Estimated Fair Value		% of Total
*Fixed maturities—Security Sector:*
U.S. government & agencies	$	572	1	%	$	569	1	%	$	614	1	%	$	1,189	2	%	$	1,055	2	%
State and municipal		3,030	6	%		3,267	6	%		3,140	7	%		3,359	5	%		3,350	5	%
Foreign government		1,744	3	%		1,453	3	%		1,462	3	%		1,660	2	%		1,551	2	%
U.S. corporate		21,893	42	%		21,254	42	%		20,389	43	%		35,058	51	%		33,025	50	%
Foreign corporate		6,913	13	%		6,550	13	%		5,846	12	%		8,773	13	%		7,949	12	%
Mortgage-backed		8,577	17	%		7,969	16	%		6,948	14	%		8,421	12	%		7,848	12	%
Public utilities		6,395	12	%		6,387	12	%		6,152	13	%		6,043	9	%		6,303	10	%
Asset-backed		3,300	6	%		3,380	7	%		3,450	7	%		4,412	6	%		4,404	7	%

Total fixed maturities	$	52,424	100	%	$	50,829	100	%	$	48,001	100	%	$	68,915	100	%	$	65,485	100	%

*Corporate Bond Holdings—Industry Sector:*
Finance and insurance	$	10,357	30	%	$	10,080	29	%	$	9,619	30	%	$	13,881	28	%	$	13,069	28	%
Utilities and energy		7,056	20	%		7,061	21	%		6,784	21	%		11,238	22	%		10,345	22	%
Consumer—non cyclical		4,351	12	%		4,349	13	%		4,213	13	%		6,454	13	%		6,036	13	%
Consumer—cyclical		2,666	8	%		2,637	8	%		2,640	8	%		4,028	8	%		4,356	9	%
Capital goods		2,240	6	%		2,284	7	%		2,201	7	%		3,327	7	%		2,928	6	%
Industrial		2,475	7	%		2,506	7	%		2,263	7	%		3,333	7	%		3,340	7	%
Technology and communications		2,223	6	%		2,135	6	%		1,996	6	%		3,268	6	%		2,972	6	%
Transportation		1,063	3	%		1,003	3	%		900	3	%		1,953	4	%		1,970	4	%
Other		2,770	8	%		2,136	6	%		1,771	5	%		2,392	5	%		2,258	5	%

Total	$	35,201	100	%	$	34,191	100	%	$	32,387	100	%	$	49,874	100	%	$	47,274	100	%

*Fixed maturities—Contractual Maturity Dates:*
Due in one year or less	$	2,040	4	%	$	1,712	3	%	$	1,297	3	%	$	1,636	2	%	$	1,761	3	%
Due after one year through five years		10,749	20	%		10,660	21	%		10,952	23	%		12,112	18	%		11,817	18	%
Due after five years through ten years		11,842	23	%		11,663	23	%		10,924	22	%		14,725	21	%		13,901	21	%
Due after ten years		15,916	30	%		15,445	31	%		14,430	30	%		27,609	40	%		25,754	39	%

Subtotal		40,547	77	%		39,480	78	%		37,603	78	%		56,082	81	%		53,233	81	%
Mortgage-backed and asset backed		11,877	23	%		11,349	22	%		10,398	22	%		12,833	19	%		12,252	19	%

Total fixed maturities	$	52,424	100	%	$	50,829	100	%	$	48,001	100	%	$	68,915	100	%	$	65,485	100	%

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Commercial Mortgage Loan Data

(Dollar amounts in millions)


	December 31, 2004						September 30, 2004				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		Carrying Amount		% of Total		Carrying Amount		% of Total
*Geographic Region*
Pacific	$	1,796			30	%	$	1,761	30	%	$	1,707	29	%	$	1,821	29	%	$	1,867	31	%
South Atlantic		1,239			20	%		1,196	20	%		1,208	21	%		1,216	20	%		1,194	20	%
Middle Atlantic		953			16	%		887	15	%		857	15	%		923	15	%		932	15	%
East North Central		682			11	%		681	12	%		706	12	%		789	13	%		771	12	%
Mountain		463			8	%		457	8	%		439	8	%		479	8	%		478	8	%
West South Central		306			5	%		275	5	%		303	5	%		292	5	%		288	5	%
West North Central		252			4	%		261	4	%		246	4	%		261	4	%		271	4	%
East South Central		225			4	%		227	4	%		225	4	%		235	4	%		226	4	%
New England		135			2	%		132	2	%		109	2	%		108	2	%		87	1	%

Total	$	6,051			100	%	$	5,877	100	%	$	5,800	100	%	$	6,124	100	%	$	6,114	100	%

*Property Type*
Office	$	1,822			30	%	$	1,774	30	%	$	1,826	32	%	$	1,985	32	%	$	2,024	33	%
Industrial		1,797			30	%		1,768	30	%		1,697	29	%		1,814	30	%		1,812	30	%
Retail		1,574			26	%		1,519	26	%		1,507	26	%		1,508	25	%		1,500	25	%
Apartments		650			11	%		612	10	%		575	10	%		589	10	%		573	9	%
Mixed use/other		208			3	%		204	4	%		195	3	%		228	3	%		205	3	%

Total	$	6,051			100	%	$	5,877	100	%	$	5,800	100	%	$	6,124	100	%	$	6,114	100	%


	Principal Balance			% of Total			Principal Balance		% of Total		Principal Balance		% of Total		Principal Balance		% of Total		Principal Balance		% of Total
*Loan Size*
Under $5 million	$	3,073			50	%	$	3,053	52	%	$	3,008	52	%	$	3,208	52	%	$	3,153	51	%
$5 million but less than $10 million		1,442			24	%		1,378	23	%		1,312	22	%		1,352	22	%		1,394	23	%
$10 million but less than $20 million		1,009			17	%		965	16	%		970	17	%		959	15	%		948	15	%
$20 million but less than $30 million		334			5	%		287	5	%		314	5	%		358	6	%		309	5	%
$30 million and over		237			4	%		238	4	%		241	4	%		296	5	%		358	6	%

Total	$	6,095			100	%	$	5,921	100	%	$	5,845	100	%	$	6,173	100	%	$	6,162	100	%


	12/31/04			12/31/03
*Allowance for Losses on Mortgage Loans*
Balance, beginning of year	$	50		$	45
Additions		7			8
Deductions for write-downs and dispositions		(5	)		(3	)

Balance, end of year	$	52		$	50

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

Historical Segment Sales

(Dollar amounts in millions)


	2004										2003
	Q4		Q3		Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
*Protection Segment¹*

Annualized first-year premiums⁴:

Term life	$	27	$	26	$	23	$	26	$	102	$	19	$	24	$	31	$	32	$	106
Financial Intermediaries		2		2		1		2		7		1		2		2		2		7
Independent Producers		25		24		22		24		95		17		21		28		29		95
Dedicated Sales Specialists		—		—		—		—		—		1		1		1		1		4

Universal life		12		10		9		11		42		12		15		17		14		58
Financial Intermediaries		—		—		—		1		1		1		1		1		1		4
Independent Producers		12		10		9		9		40		10		13		15		11		49
Dedicated Sales Specialists		—		—		—		1		1		1		1		1		2		5

Long term care		41		39		41		41		162		54		62		62		62		240
Financial Intermediaries		11		10		10		10		41		14		15		13		11		53
Independent Producers		12		12		12		11		47		13		14		12		9		48
Dedicated Sales Specialists		18		17		19		20		74		27		33		37		42		139

Group		66		39		40		26		171		57		32		34		21		144
Independent Producers		66		39		40		26		171		57		32		34		21		144

Total annualized first-year premiums⁴		146		114		113		104		477		142		133		144		129		548

Written premiums⁴:
Payment protection		351		397		402		351		1,501		498		648		523		506		2,175
Financial Intermediaries		351		397		402		351		1,501		498		648		523		506		2,175

Total protection segment¹	$	497	$	511	$	515	$	455	$	1,978	$	640	$	781	$	667	$	635	$	2,723

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT


	2004										2003
	Q4		Q3		Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
*Retirement Income and Investments (RI&I) Segment²*

Spread based retail Structured settlements⁵	$	104	$	89	$	192	$	150	$	535	$	142	$	117	$	115	$	134	$	508

Income annuities		212		187		164		201		764		229		177		177		137		720
Financial Intermediaries		127		115		98		119		459		124		113		110		86		433
Independent Producers		79		68		63		78		288		98		60		63		48		269
Dedicated Sales Specialists		6		4		3		4		17		7		4		4		3		18

Fixed annuities		283		653		372		411		1,719		304		289		133		302		1,028
Financial Intermediaries		276		641		360		400		1,677		284		271		108		265		928
Independent Producers		4		6		9		6		25		6		6		8		16		36
Dedicated Sales Specialists		3		6		3		5		17		14		12		17		21		64

Total spread based retail		599		929		728		762		3,018		675		583		425		573		2,256

Fee based
Variable annuities		256		250		277		292		1,075		375		613		629		430		2,047
Financial Intermediaries		236		232		257		277		1,002		344		581		591		402		1,918
Independent Producers		8		5		13		7		33		13		8		15		6		42
Dedicated Sales Specialists		12		13		7		8		40		18		24		23		22		87

Variable life		4		4		5		5		18		6		6		6		6		24
Financial Intermediaries		3		3		4		4		14		5		4		3		3		15
Independent Producers		1		1		1		—		3		—		1		1		1		3
Dedicated Sales Specialists		—		—		—		1		1		1		1		2		2		6

Managed assets		301		267		271		304		1,143		297		272		282		158		1,009
Independent Producers		161		139		159		183		642		188		185		209		140		722
Dedicated Sales Specialists		140		128		112		121		501		109		87		73		18		287

Total fee based		561		521		553		601		2,236		678		891		917		594		3,080

Spread based institutional
Guaranteed investment contracts (GICs)⁵		96		80		111		74		361		66		234		159		194		653
Funding agreements backing notes⁵		600		500		210		180		1,490		460		—		474		200		1,134
Funding agreements⁵		100		—		100		100		300		—		100		25		—		125

Total spread based institutional		796		580		421		354		2,151		526		334		658		394		1,912

Total RI&I segment²	$	1,956	$	2,030	$	1,702	$	1,717	$	7,405	$	1,879	$	1,808	$	2,000	$	1,561	$	7,248

*Mortgage Insurance Segment³*
New insurance written:
U.S. mortgage insurance	$	7,074	$	6,206	$	8,055	$	6,798	$	28,133	$	18,087	$	17,207	$	17,664	$	14,530	$	67,488
International mortgage insurance		15,225		13,163		12,545		10,905		51,838		12,210		13,026		7,670		6,254		39,160

Total mortgage insurance segment³	$	22,299	$	19,369	$	20,600	$	17,703	$	79,971	$	30,297	$	30,233	$	25,334	$	20,784	$	106,648

¹	In our Protection segment, sales from our life, LTC and group life and health insurance businesses represent annualized first-year premiums. Sales from our universal life primarily represents deposits. Sales from our payment protection insurance business represent gross written premiums.

²	In our Retirement Income and Investments segment sales from our spread based and variable products represent new premiums/deposits received. Sales for our managed assets represent new deposits.

³	In our Mortgage Insurance segment, all sales represent new insurance written. New insurance written represents the original principal balance of mortgages covered by newly issued primary mortgage insurance during the specified period.

⁴

Annualized first-year premiums are calculated as if they are consistently paid for the full period of the sale even if they were actually paid for only a portion of such period. Written premiums represent total premiums gross of reinsurance and cancellations during the specified. Deposits represent additional investments in investment products during the specified period.

⁵	All Structured Settlements and institutional products are sold by independent producers

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GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

CORPORATE INFORMATION

GENWORTH FINANCIAL

4Q 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

GE Residential Mortgage Insurance Corporation of NC	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 fifteen ratings assigned by A.M. Best, which range from ‘‘A++’’ to ‘‘S’’.

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 20 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.

GENWORTH FINANCIAL

4Q 2004 FINANCIAL SUPPLEMENT

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 22 ratings categories.

A.M. Best, S&P, Moody’s and Fitch review their ratings periodically and we cannot assure you that we will maintain our current ratings in the future. Other agencies may also rate our company or our insurance subsidiaries on a solicited or an unsolicited basis.

About Genworth Financial

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

Inquiries:

Genworth Financial, Inc., Richmond

Jean Peters, 804/662-2693

jean.peters@genworth.com

Alicia Charity, 804/662-2248

alicia.charity@genworth.com