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GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT


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

First Quarter Results—Quarter ended March 31, 2005 as compared to Quarter ended March 31, 2004
Financial Highlights		10
Earnings From Continuing Operations		11
Statement of Financial Position		12

*First Quarter Results—Quarter ended March 31, 2005 as compared to Pro Forma Quarter ended March 31, 2004*
Financial Highlights		14
Earnings From Continuing Operations		15

*First Quarter Results by Segment—Quarter ended March 31, 2005 as compared to Pro Forma Quarter ended March 31, 2004*
Operating Results
Statement of Earnings by Segment		17

Net Earnings by Segment
Segment Net Earnings—Protection		18
Segment Net Earnings—Retirement Income and Investments		19
Segment Net Earnings—Mortgage Insurance		20
Selected Key Performance Measures—Mortgage Insurance		21 & 22
Segment Net Earnings—Corporate and Other		23

Earnings Trends
Net Earnings		24
Segment Net Earnings—Protection		25
Segment Net Earnings—Retirement Income and Investments		26
Segment Net Earnings—Mortgage Insurance		27
Segment Net Earnings—Corporate and Other		28

*First Quarter Results by Segment—Quarter ended March 31, 2005 as compared to Quarter ended March 31, 2004*
Operating Results
Statement of Earnings by Segment		30

Net Earnings by Segment
Segment Net Earnings—Protection		31
Segment Net Earnings—Retirement Income and Investments		32
Assets Under Management—Retirement Income and Investments		33
Assets Under Management by Contract Type—Retirement Income and Investments		34
Segment Net Earnings—Mortgage Insurance		35
Segment Net Earnings—Corporate and Other		36

Earnings Trends
Net Earnings		37
Segment Net Earnings—Protection		38
Segment Net Earnings—Retirement Income and Investments		39
Segment Net Earnings—Mortgage Insurance		40

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1Q 2005 FINANCIAL SUPPLEMENT


Table of Contents		Page
Segment Net Earnings—Corporate and Other		41
Segment Net Earnings—Affinity		42

*Statistical Data*
Deferred Acquisition Costs		44
Investments Summary		45
Fixed Maturities Summary		46
Commercial Mortgage Loan Data		47
Segment Sales		48 & 49

*Corporate Information*
Industry Ratings		51 & 52

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Dear Investor,

In conjunction with the release of Genworth’s first quarter results for 2005, we have prepared this financial supplement to assist investors in understanding Genworth’s financial results.

This supplement compares current period results to pro forma earnings and other financial information from the first quarter of 2004. The pro forma financial information that is presented reflects the effect of the company’s corporate reorganization and the other transactions effected in connection with our initial public offering, completed in May, 2004.

Additional detail on the basis of financial information is provided on page 4 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

1Q 2005 FINANCIAL SUPPLEMENT

Basis of 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 financial information as if the company had been in existence throughout all relevant periods. The 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 financial information for periods prior to the corporate reorganization is not comparable to 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 2004 contained in this financial supplement reflects the company’s 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, 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.

The unaudited pro forma financial information is based upon available information and assumptions that the company believes are reasonable. The unaudited pro forma financial information is for illustrative and informational purposes only and is not intended to represent or be indicative of what the company’s financial condition or results of operations would have been had the transactions described above occurred on the dates indicated, nor what they may be in the future.

Use of Non-GAAP Measures

This financial supplement includes the non-GAAP financial measure entitled “net operating earnings.” The company defines net operating earnings as net earnings from continuing operations, excluding after-tax net

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

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 outsourcing provider, 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 net earnings to net operating earnings (as defined above) for the three months ended March 31, 2005 and 2004 and to pro forma net operating earnings for the three months ended March 31, 2004.

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 from continuing operations before accounting change under GAAP for all segments, except for the Corporate and Other Segment. For a reconciliation of Corporate and Other segment net earnings to segment net operating earnings for the three months ended March 31, 2005 and 2004, and to pro forma segment net operating earnings for the three months ended March 31, 2004, presented in accordance with GAAP, see the table on page 14 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, new premiums/deposits, written premiums and new insurance written to be a measure of the company’s operating performance because they represent a measure of new sales of insurance policies or contracts during a specified period, rather than a measure of the company’s revenues or profitability during that period. This operating measure enables the company to compare its operating performance across periods without regard to revenues or profitability related to policies or contracts sold in prior periods or from investments or other sources.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


Balance Sheet Data	March 31, 2005
Total stockholders’ interest, excluding accumulated nonowner changes in stockholders’ interest	$	11,061
Total accumulated nonowner changes in stockholders’ interest		1,459

Total stockholders’ interest	$	12,520

Book value per common share	$	26.62
Book value per common share, excluding accumulated nonowner changes in stockholders’ interest	$	23.52

Common shares outstanding as of March 31, 2005		470.2

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Reconciliation to Net Operating Earnings

(amounts in millions, except per share data)


	Three months ended March 31,
	2005		2004
Net earnings	$	322	$	272
Gain on sale of discontinued operations, net of taxes		—		(7	)
Cumulative effect of accounting change, net of taxes		—		(5	)

Net earnings from continuing operations before accounting change		322		260

Net realized investment losses (gains), net of taxes		4		(10	)

Net operating earnings	$	326	$	250

Net earnings from continuing operations before accounting change			$	260
Excluded assets and liabilities (a)				1
Reinsurance transactions (b)				2
Capital structure and other (c)				(9	)

Pro forma net earnings from continuing operations				254
Net realized investment gains, net of taxes				(10	)

Pro forma net operating earnings			$	244

Net earnings per common share:
Basic	$	0.66	$	0.56

Diluted	$	0.65	$	0.56

Net earnings from continuing operations before accounting change per common share:
Basic	$	0.66	$	0.53

Diluted	$	0.65	$	0.53

Net operating earnings per common share:
Basic	$	0.67	$	0.51

Diluted	$	0.66	$	0.51

Pro forma net earnings from continuing operations per common share:
Basic			$	0.52

Diluted			$	0.52

Pro forma net operating earnings per common share:
Basic			$	0.50

Diluted			$	0.50

Weighted-average common shares outstanding:
Basic		488.8		489.5

Diluted		494.3		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

1Q 2005 FINANCIAL SUPPLEMENT

Notes to Pro Forma Financial Information

(a)

Reflects adjustments to exclude amounts included in the company’s 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 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. The company’s pro forma statement of earnings for the three months ended March 31, 2004 excludes 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 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 period, as determined under the company’s historical cost structure and allocation methods, were reimbursed by an expense allowance.

Concurrently with the reinsurance transactions, 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 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 as (1) supporting the blocks of business reinsured for the reinsurance, and (2) representing surplus of subsidiaries providing assets that were contributed to UFLIC.

(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

1Q 2005 FINANCIAL SUPPLEMENT

First Quarter Results

Quarter ended March 31, 2005 as compared to

Quarter ended March 31, 2004

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


	Three months ended March 31,
EARNINGS BY SEGMENT	2005			2004
Earnings (loss) from continuing operations before income taxes and accounting change
Protection	$	216		$	193
Retirement Income and Investments		91			47
Mortgage Insurance		203			148
Corporate and Other		(26	)		2
Affinity		—			(13	)

Total	$	484		$	377

Net earnings (loss) from continuing operations before accounting change
Protection	$	139		$	124
Retirement Income and Investments		60			31
Mortgage Insurance		141			103
Corporate and Other		(18	)		4
Affinity		—			(2	)

Total		322			260

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

Net Earnings	$	322		$	272


	Three months ended March 31,
EARNINGS PER COMMON SHARE	2005			2004
Basic earnings per common share:
Net earnings from continuing operations before accounting change	$	0.66		$	0.53
Gain on sale of discontinued operations, net of taxes		—			0.01
Cumulative effect of accounting changes, net of taxes		—			0.01

Basic earnings per common share	$	0.66		$	0.56

Diluted earnings per common share:
Net earnings from continuing operations before accounting change	$	0.65		$	0.53
Gain on sale of discontinued operations, net of taxes		—			0.01
Cumulative effect of accounting changes, net of taxes		—			0.01

Diluted earnings per common share	$	0.65		$	0.56

Weighted-average common shares outstanding:
Basic		488.8			489.5

Diluted		494.3			489.5

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Earnings From Continuing Operations

(dollar amounts in millions)


	Three months ended March 31,
	2005			2004
REVENUES:
Premiums	$	1,605		$	1,722
Net investment income		851			1,037
Net realized investment (losses) gains		(6	)		16
Policy fees and other income		161			249

Total revenues		2,611			3,024

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,075			1,351
Interest credited		340			396
Underwriting, acquisition and insurance expenses, net of deferrals		408			508
Amortization of deferred acquisition costs and intangibles		232			345
Interest expense		72			47

Total benefits and expenses		2,127			2,647

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		484			377
Provision for income taxes		162			117
Effective tax rate		33.5	%		31.0	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	322		$	260

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Statement of Financial Position

(amounts in millions)


	March 31, 2005			December 31, 2004
ASSETS
Investments:
Fixed maturities available-for-sale, at fair value	$	52,641		$	52,424
Equity securities available-for-sale, at fair value		355			374
Mortgage and other loans, net of valuation allowance of $54 and $52		6,279			6,051
Policy loans		1,232			1,224
Short-term investments		65			247
Restricted investments held by securitization entities		815			860
Other invested assets		3,823			3,996

Total investments		65,210			65,176
Cash and cash equivalents		1,461			1,963
Accrued investment income		809			733
Deferred acquisition costs		5,212			5,020
Intangible assets		819			780
Goodwill		1,462			1,465
Reinsurance recoverable		18,560			18,535
Other assets ($36 and $24 restricted in securitization entities)		1,551			1,322
Separate account assets		8,608			8,884

Total assets	$	103,692		$	103,878

LIABILITIES AND STOCKHOLDERS’ INTEREST
Liabilities:
Future annuity and contract benefits	$	62,098		$	61,698
Liability for policy and contract claims		3,376			3,329
Unearned premiums		3,580			3,597
Other policyholder liabilities		677			638
Other liabilities ($13 and $3 restricted in securitization entities)		6,793			6,792
Non-recourse funding obligations		900			900
Short-term borrowings		544			559
Long-term borrowings		2,440			2,442
Senior notes underlying equity units		600			600
Preferred stock		100			100
Deferred tax liability		643			624
Borrowings related to securitization entities		813			849
Separate account liabilities		8,608			8,884

Total liabilities		91,172			91,012

Commitments and Contingencies

Stockholders’ Interest:
Common stock		—			—
Additional paid-in capital		10,625			10,612
Accumulated non-owner changes in stockholders’ interest:
Net unrealized investment gains		847			1,019
Derivatives qualifying as hedges		266			268
Foreign currency translation adjustments		346			322

Total accumulated non-owner changes in stockholders’ interest		1,459			1,609
Retained earnings		936			645
Treasury stock, at cost		(500	)		—

Total stockholders’ interest		12,520			12,866

Total liabilities and stockholders’ interest	$	103,692		$	103,878

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

First Quarter Results

Quarter ended March 31, 2005 as compared to

Pro Forma Quarter ended March 31, 2004

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


EARNINGS BY SEGMENT	Three months ended March 31, 2005			Pro Forma Three months ended March 31, 2004
Earnings (loss) from continuing operations before income taxes
Protection	$	216		$	192
Retirement Income and Investments		91			46
Mortgage Insurance		203			148
Corporate and Other		(26	)		(11	)

Total	$	484		$	375

Net earnings (loss) from continuing operations
Protection	$	139		$	123
Retirement Income and Investments		60			30
Mortgage Insurance		141			103
Corporate and Other (see reconciliation below)		(18	)		(2	)

Total	$	322		$	254

Net operating earnings (loss)
Protection	$	139		$	123
Retirement Income and Investments		60			30
Mortgage Insurance		141			103
Corporate and Other (see reconciliation below)		(14	)		(12	)

Total	$	326		$	244


EARNINGS PER COMMON SHARE	As of or for the Three months ended March 31, 2005			Pro Forma As of or for the Three months ended March 31, 2004
Net earnings from continuing operations per common share
Basic	$	0.66		$	0.52

Diluted	$	0.65		$	0.52

Net operating earnings per common share
Basic	$	0.67		$	0.50

Diluted	$	0.66		$	0.50

Weighted-average common shares outstanding
Basic		488.8			489.5

Diluted		494.3			489.5

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


	Three months ended March 31,
	2005			2004
Segment net (loss) earnings from continuing operations	$	(18	)	$	4
Net realized investment losses (gains), net of taxes		4			(10	)

Segment net operating loss	$	(14	)	$	(6	)

Segment net earnings from continuing operations				$	4
Excluded assets and liabilities (a)					(1	)
Reinsurance transactions (b)					4
Capital structure and other (c)					(9	)

Pro forma segment net loss					(2	)
Net realized investment gains, net of taxes					(10	)

Pro forma segment net operating loss				$	(12	)

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

1Q 2005 FINANCIAL SUPPLEMENT

Earnings From Continuing Operations

(dollar amounts in millions)


	Three months ended March 31, 2005			Pro Forma Three months ended March 31, 2004
REVENUES:
Premiums	$	1,605		$	1,619
Net investment income		851			753
Net realized investment (losses) gains		(6	)		15
Policy fees and other income		161			149

Total revenues		2,611			2,536

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,075			1,080
Interest credited		340			323
Underwriting, acquisition and insurance expenses, net of deferrals		408			413
Amortization of deferred acquisition costs and intangibles		232			284
Interest expense		72			61

Total benefits and expenses		2,127			2,161

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		484			375
Provision for income taxes		162			121
Effective tax rate		33.5	%		32.3	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	322		$	254

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

First Quarter Results by Segment

Quarter ended March 31, 2005 as compared to

Pro Forma Quarter ended March 31, 2004

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Statement of Earnings by Segment

(amounts in millions)


Three months ended March 31, 2005	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Total
REVENUES:
Premiums	$	1,128	$	244	$	215	$	18		$	1,605
Net investment income		314		433		69		35			851
Net realized investment losses		—		—		—		(6	)		(6	)
Policy fees and other income		88		58		10		5			161

Total revenues		1,530		735		294		52			2,611

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		738		308		21		8			1,075
Interest credited		90		250		—		—			340
Underwriting, acquisition and insurance expenses, net of deferrals		288		59		59		2			408
Amortization of deferred acquisition costs and intangibles		189		27		11		5			232
Interest expense		9		—		—		63			72

Total benefits and expenses		1,314		644		91		78			2,127

EARNINGS (LOSS) BEFORE INCOME TAXES		216		91		203		(26	)		484

Provision for (benefit from) income taxes		77		31		62		(8	)		162

NET EARNINGS (LOSS)		139		60		141		(18	)		322

Net realized investment losses, net of taxes		—		—		—		4			4

NET OPERATING EARNINGS (LOSS)	$	139	$	60	$	141	$	(14	)	$	326


Pro forma three months ended March 31, 2004	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Pro Forma Total
REVENUES:
Premiums	$	1,121	$	277	$	195	$	26		$	1,619
Net investment income		281		377		60		35			753
Net realized investment gains		—		—		—		15			15
Policy fees and other income		87		52		8		2			149

Total revenues		1,489		706		263		78			2,536

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		694		338		39		9			1,080
Interest credited		90		233		—		—			323
Underwriting, acquisition and insurance expenses, net of deferrals		269		61		64		19			413
Amortization of deferred acquisition costs and intangibles		241		28		12		3			284
Interest expense		3		—		—		58			61

Total benefits and expenses		1,297		660		115		89			2,161

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		192		46		148		(11	)		375

Provision for (benefit from) income taxes		69		16		45		(9	)		121

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		123		30		103		(2	)		254

Net realized investment gains, net of taxes		—		—		—		(10	)		(10	)

NET OPERATING EARNINGS (LOSS)	$	123	$	30	$	103	$	(12	)	$	244

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


Three months ended March 31, 2005	Life		Long-Term Care		Payment Protection		Group Life and Health		Total
REVENUES:
Premiums	$	201	$	408	$	357	$	162	$	1,128
Net investment income		121		156		26		11		314
Policy fees and other income		78		2		4		4		88

Total revenues		400		566		387		177		1,530

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		172		388		66		112		738
Interest credited		59		31		—		—		90
Underwriting, acquisition and insurance expenses, net of deferrals		34		65		144		45		288
Amortization of deferred acquisition costs and intangibles		20		17		143		9		189
Interest expense		9		—		—		—		9

Total benefits and expenses		294		501		353		166		1,314

EARNINGS BEFORE INCOME TAXES		106		65		34		11		216

Provision for income taxes		38		23		12		4		77

SEGMENT NET EARNINGS	$	68	$	42	$	22	$	7	$	139


Pro forma three months ended March 31, 2004	Life		Long-Term Care		Payment Protection		Group Life and Health		Pro Forma Total
REVENUES:
Premiums	$	190	$	391	$	385	$	155	$	1,121
Net investment income		109		135		26		11		281
Policy fees and other income		75		2		5		5		87

Total revenues		374		528		416		171		1,489

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		161		342		81		110		694
Interest credited		62		28		—		—		90
Underwriting, acquisition and insurance expenses, net of deferrals		29		73		125		42		269
Amortization of deferred acquisition costs and intangibles		29		24		180		8		241
Interest expense		3		—		—		—		3

Total benefits and expenses		284		467		386		160		1,297

EARNINGS BEFORE INCOME TAXES		90		61		30		11		192

Provision for income taxes		33		22		10		4		69

SEGMENT NET EARNINGS	$	57	$	39	$	20	$	7	$	123

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


Three months ended March 31, 2005	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	244	$	—	$	—	$	244
Net investment income		331		4		98		433
Policy fees and other income		3		55		—		58

Total revenues		578		59		98		735

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		307		1		—		308
Interest credited		165		3		82		250
Underwriting, acquisition and insurance expenses, net of deferrals		30		27		2		59
Amortization of deferred acquisition costs and intangibles		24		3		—		27

Total benefits and expenses		526		34		84		644

EARNINGS BEFORE INCOME TAXES		52		25		14		91

Provision for income taxes		18		8		5		31

SEGMENT NET EARNINGS	$	34	$	17	$	9	$	60


Pro forma three months ended March 31, 2004	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Pro Forma Total
REVENUES:
Premiums	$	277	$	—	$	—	$	277
Net investment income		296		5		76		377
Policy fees and other income		2		50		—		52

Total revenues		575		55		76		706

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		333		5		—		338
Interest credited		163		4		66		233
Underwriting, acquisition and insurance expenses, net of deferrals		28		32		1		61
Amortization of deferred acquisition costs and intangibles		26		2		—		28

Total benefits and expenses		550		43		67		660

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		25		12		9		46

Provision for income taxes		9		4		3		16

SEGMENT NET EARNINGS	$	16	$	8	$	6	$	30

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


Three months ended March 31, 2005	U. S.		International		Total
REVENUES:
Premiums	$	111	$	104	$	215
Net investment income		31		38		69
Policy fees and other income		7		3		10

Total revenues		149		145		294

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		15		6		21
Underwriting, acquisition and insurance expenses, net of deferrals		34		25		59
Amortization of deferred acquisition costs and intangibles		6		5		11

Total benefits and expenses		55		36		91

EARNINGS BEFORE INCOME TAXES		94		109		203

Provision for income taxes		22		40		62

SEGMENT NET EARNINGS	$	72	$	69	$	141


Pro forma three months ended March 31, 2004	U. S.		International		Pro Forma Total
REVENUES:
Premiums	$	119	$	76	$	195
Net investment income		31		29		60
Policy fees and other income		4		4		8

Total revenues		154		109		263

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		29		10		39
Underwriting, acquisition and insurance expenses, net of deferrals		41		23		64
Amortization of deferred acquisition costs and intangibles		7		5		12

Total benefits and expenses		77		38		115

EARNINGS BEFORE INCOME TAXES		77		71		148

Provision for income taxes		18		27		45

SEGMENT NET EARNINGS	$	59	$	44	$	103

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

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—Mortgage Insurance

(dollar amounts in millions)


	As of or for the three months ended March 31
	2005			2004
Primary Insurance in Force
U.S. Mortgage Insurance	$	106,000		$	119,800
International Mortgage Insurance		209,900			143,800

Total primary insurance in force	$	315,900		$	263,600

Total Risk in Force
U.S. Mortgage Insurance	$	23,100		$	26,200
International Mortgage Insurance (a)		68,000			45,500

Total risk in force	$	91,100		$	71,700

New Insurance Written
U.S. Mortgage Insurance	$	5,700		$	6,800
International Mortgage Insurance		14,200			10,900

Total new insurance written	$	19,900		$	17,700

Net Premiums Written
U.S. Mortgage Insurance	$	109		$	117
International Mortgage Insurance		137			122

Total net premiums written	$	246		$	239

Loss Ratio (b)
U.S. Mortgage Insurance		14	%		24	%
International Mortgage Insurance		6	%		13	%

Total loss ratio		10	%		20	%

Expense Ratio (c)
U.S. Mortgage Insurance		37	%		41	%
International Mortgage Insurance		22	%		23	%

Total expense ratio		28	%		32	%

(a)

Our businesses in Australia, New Zealand and Canada currently provide 100% coverage on the majority of the loans we insure in those markets. For the purpose of representing our risk in force, we have computed an “Effective Risk in Force” amount, which recognizes that the loss on any particular loan will be reduced by the net proceeds received upon sale of the property. Effective risk in force has been calculated by applying to insurance in force a factor that represents our highest expected average per-claim payment for any one underwriting year over the life of our businesses in Australia, New Zealand and Canada. As of March 31, 2005, this factor was 35%.

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

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

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—Mortgage Insurance, U.S. Only

(dollar amounts in millions)


	As of or for the three months ended March 31
	2005			2004
*New Risk Written*
Flow	$	1,263		$	1,443
Bulk		9			13

Total	$	1,272		$	1,456

*Risk in Force*
Flow	$	22,103		$	24,877
Bulk		284			371

Total Primary		22,387			25,248
Pool		682			939

Total	$	23,069		$	26,187

*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		92	%		88	%
Bulk by FICO Scores 575-619		4	%		6	%
Bulk by FICO Scores < 575		4	%		6	%

Primary A minus and sub-prime		9.9	%		9.5	%

*Primary Loans*
Primary total loans in force		804,839			926,974
Primary total loans in default		24,376			29,530
Primary loans total default rate		3.0	%		3.2	%

Flow loans in default		22,891			27,236
Flow loans default rate		3.3	%		3.3	%

Bulk loans in default		1,485			2,294
Bulk loans default rate		1.4	%		2.1	%

A minus and sub-prime loans in default		6,058			6,493
A minus and sub-prime loans default rate		8.9	%		8.7	%

*Pool Loans*
Pool loans in default		648			984
Pool loans default rate		2.7	%		2.9	%

*Claims Paid*
Primary Claims Paid (includes LAE)		39.6			31.8
Pool Claims Paid (includes LAE)		0.1			0.3
Primary Average Claim Severity		95	%		95	%

*Other Measures*
Flow Persistency (a)		66	%		68	%
Gross written premiums ceded to captives/total gross written premiums		25	%		24	%

(a)	excludes bulk transactions and the effect of a period payoff reconciliation on one structured transaction involving single premium mortgage insurance

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


Three months ended March 31, 2005	Total
REVENUES
Premiums	$	18
Net investment income		35
Net realized investment losses		(6	)
Policy fees and other income		5

Total revenues		52

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		8
Underwriting, acquisition and insurance expenses, net of deferrals		2
Amortization of deferred acquisition costs and intangibles		5
Interest expense		63

Total benefits and expenses		78

LOSS BEFORE INCOME TAXES		(26	)

Benefit from income taxes		(8	)

SEGMENT NET LOSS		(18	)

Net realized investment losses, net of taxes		4


NET OPERATING LOSS	$	(14	)


Pro forma three months ended March 31, 2004	Pro Forma Total
REVENUES
Premiums	$	26
Net investment income		35
Net realized investment gains		15
Policy fees and other income		2

Total revenues		78

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		9
Underwriting, acquisition and insurance expenses, net of deferrals		19
Amortization of deferred acquisition costs and intangibles		3
Interest expense		58

Total benefits and expenses		89

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(11	)

Benefit from income taxes		(9	)

SEGMENT NET LOSS		(2	)

Net realized investment gains, net of taxes		(10	)

NET OPERATING LOSS	$	(12	)

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Net Earnings

(amounts in millions)


										PRO FORMA
	2005			2004
	Q1			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	1,605		$	1,606		$	1,523		$	1,640		$	1,619		$	6,388
Net investment income		851			825			785			797			753			3,160
Net realized investment (losses) gains		(6	)		(1	)		3			6			15			23
Policy fees and other income		161			212			159			144			149			664

Total revenues		2,611			2,642			2,470			2,587			2,536			10,235

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,075			1,129			1,034			1,097			1,080			4,340
Interest credited		340			344			328			324			323			1,319
Underwriting, acquisition and insurance expenses, net of deferrals		408			429			399			416			413			1,657
Amortization of deferred acquisition costs and intangibles		232			262			242			264			284			1,052
Interest expense		72			63			60			59			61			243

Total benefits and expenses		2,127			2,227			2,063			2,160			2,161			8,611

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		484			415			407			427			375			1,624

Provision for income taxes		162			69			136			168			121			494

NET EARNINGS FROM CONTINUING OPERATIONS		322			346			271			259			254			1,130

Net realized investment losses (gains), net of taxes		4			1			(2	)		(4	)		(10	)		(15	)
Net tax (benefit) expense related to initial public offering		—			(68	)		—			22			—			(46	)
Gain on outsourcing services agreement, net of taxes		—			(25	)		—			—			—			(25	)

NET OPERATING EARNINGS	$	326		$	254		$	269		$	277		$	244		$	1,044

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


							PRO FORMA
	2005		2004
	Q1		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,128	$	1,094	$	1,085	$	1,098	$	1,121	$	4,398
Net investment income		314		311		298		288		281		1,178
Policy fees and other income		88		102		91		79		87		359

Total revenues		1,530		1,507		1,474		1,465		1,489		5,935

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		738		705		698		691		694		2,788
Interest credited		90		91		91		90		90		362
Underwriting, acquisition and insurance expenses, net of deferrals		288		279		267		262		269		1,077
Amortization of deferred acquisition costs and intangibles		189		208		198		214		241		861
Interest expense		9		6		4		2		3		15

Total benefits and expenses		1,314		1,289		1,258		1,259		1,297		5,103

EARNINGS BEFORE INCOME TAXES		216		218		216		206		192		832

Provision for income taxes		77		78		81		77		69		305

SEGMENT NET EARNINGS	$	139	$	140	$	135	$	129	$	123	$	527

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


							PRO FORMA
	2005		2004
	Q1		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	244	$	277	$	219	$	321	$	277	$	1,094
Net investment income		433		417		393		395		377		1,582
Policy fees and other income		58		58		52		53		52		215

Total revenues		735		752		664		769		706		2,891

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		308		363		281		370		338		1,352
Interest credited		250		253		237		234		233		957
Underwriting, acquisition and insurance expenses, net of deferrals		59		48		59		61		61		229
Amortization of deferred acquisition costs and intangibles		27		34		25		35		28		122
Interest expense		—		—		—		1		—		1

Total benefits and expenses		644		698		602		701		660		2,661

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		91		54		62		68		46		230

Provision for income taxes		31		19		22		25		16		82

SEGMENT NET EARNINGS	$	60	$	35	$	40	$	43	$	30	$	148

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


							PRO FORMA
	2005		2004
	Q1		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	215	$	213	$	197	$	195	$	195	$	800
Net investment income		69		68		65		61		60		254
Policy fees and other income		10		8		10		10		8		36

Total revenues		294		289		272		266		263		1,090

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		21		53		46		27		39		165
Underwriting, acquisition and insurance expenses, net of deferrals		59		69		64		65		64		262
Amortization of deferred acquisition costs and intangibles		11		16		12		11		12		51

Total benefits and expenses		91		138		122		103		115		478

EARNINGS BEFORE INCOME TAXES		203		151		150		163		148		612

Provision for income taxes		62		44		48		49		45		186

SEGMENT NET EARNINGS	$	141	$	107	$	102	$	114	$	103	$	426

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

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


										PRO FORMA
	2005			2004
	Q1			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	18		$	22		$	22		$	26		$	26		$	96
Net investment income		35			29			29			53			35			146
Net realized investment (losses) gains		(6	)		(1	)		3			6			15			23
Policy fees and other income		5			44			6			2			2			54

Total Revenue		52			94			60			87			78			319

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		8			8			9			9			9			35
Underwriting, acquisition and insurance expenses, net of deferrals		2			33			9			28			19			89
Amortization of deferred acquisition costs and intangibles		5			4			7			4			3			18
Interest expense		63			57			56			56			58			227

Total benefits and expenses		78			102			81			97			89			369

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(26	)		(8	)		(21	)		(10	)		(11	)		(50	)

(Benefit from) provision for income taxes		(8	)		(72	)		(15	)		17			(9	)		(79	)

SEGMENT NET (LOSS) EARNINGS		(18	)		64			(6	)		(27	)		(2	)		29

Net realized investment losses (gains), net of taxes		4			1			(2	)		(4	)		(10	)		(15	)
Net tax (benefit) expense related to initial public offering		—			(68	)		—			22			—			(46	)
Gain on outsourcing services agreement, net of taxes		—			(25	)		—			—			—			(25	)

NET OPERATING LOSS	$	(14	)	$	(28	)	$	(8	)	$	(9	)	$	(12	)	$	(57	)

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

First Quarter Results by Segment

Quarter ended March 31, 2005 as compared to

Quarter ended March 31, 2004

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Statement of Earnings by Segment

(amounts in millions)


Three months ended March 31, 2005	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Affinity		Total
REVENUES:
Premiums	$	1,128	$	244	$	215	$	18		$	—	$	1,605
Net investment income		314		433		69		35			—		851
Net realized investment losses		—		—		—		(6	)		—		(6	)
Policy fees and other income		88		58		10		5			—		161

Total revenues		1,530		735		294		52			—		2,611

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		738		308		21		8			—		1,075
Interest credited		90		250		—		—			—		340
Underwriting, acquisition and insurance expenses, net of deferrals		288		59		59		2			—		408
Amortization of deferred acquisition costs and intangibles		189		27		11		5			—		232
Interest expense		9		—		—		63			—		72

Total benefits and expenses		1,314		644		91		78			—		2,127

EARNINGS (LOSS) BEFORE INCOME TAXES		216		91		203		(26	)		—		484

Provision for (benefit from) income taxes		77		31		62		(8	)		—		162

NET EARNINGS (LOSS)	$	139	$	60	$	141	$	(18	)	$	—	$	322


Three months ended March 31, 2004	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Affinity			Total
REVENUES
Premiums	$	1,170	$	277	$	195	$	26		$	54		$	1,722
Net investment income		309	$	617		60		33			18			1,037
Net realized investment gains		—		—		—		16			—			16
Policyholder fees and other income		87		85		8		2			67			249

Total Revenue		1,566		979		263		77			139			3,024

BENEFITS AND EXPENSES
Benefits and changes in policy reserves		760		494		39		9			49			1,351
Interest credited		90		306		—		—			—			396
Underwriting, acquisition and insurance expenses, net of deferrals		276		75		64		19			74			508
Amortization of deferred acquisition costs and intangibles		244		57		12		3			29			345
Interest expense		3		—		—		44			—			47

Total benefits and expenses		1,373		932		115		75			152			2,647

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		193		47		148		2			(13	)		377

Provision for (benefit from) income taxes		69		16		45		(2	)		(11	)		117

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	124	$	31	$	103	$	4		$	(2	)	$	260

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


Three months ended March 31, 2005	Life		Long-Term Care		Payment Protection		Group Life and Health		Total
REVENUES:
Premiums	$	201	$	408	$	357	$	162	$	1,128
Net investment income		121		156		26		11		314
Policy fees and other income		78		2		4		4		88

Total revenues		400		566		387		177		1,530

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		172		388		66		112		738
Interest credited		59		31		—		—		90
Underwriting, acquisition and insurance expenses, net of deferrals		34		65		144		45		288
Amortization of deferred acquisition costs and intangibles		20		17		143		9		189
Interest expense		9		—		—		—		9

Total benefits and expenses		294		501		353		166		1,314

EARNINGS BEFORE INCOME TAXES		106		65		34		11		216

Provision for income taxes		38		23		12		4		77

SEGMENT NET EARNINGS	$	68	$	42	$	22	$	7	$	139


Three months ended March 31, 2004	Life		Long-Term Care		Payment Protection		Group Life and Health		Total
REVENUES:
Premiums	$	190	$	440	$	385	$	155	$	1,170
Net investment income		109		163		26		11		309
Policy fees and other income		75		2		5		5		87

Total revenues		374		605		416		171		1,566

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		161		408		81		110		760
Interest credited		62		28		—		—		90
Underwriting, acquisition and insurance expenses, net of deferrals		29		80		125		42		276
Amortization of deferred acquisition costs and intangibles		29		27		180		8		244
Interest expense		3		—		—		—		3

Total benefits and expenses		284		543		386		160		1,373

EARNINGS BEFORE INCOME TAXES		90		62		30		11		193

Provision for income taxes		33		22		10		4		69

SEGMENT NET EARNINGS	$	57	$	40	$	20	$	7	$	124

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


Three months ended March 31, 2005	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	244	$	—	$	—	$	244
Net investment income		331		4		98		433
Policy fees and other income		3		55		—		58

Total revenues		578		59		98		735

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		307		1		—		308
Interest credited		165		3		82		250
Underwriting, acquisition and insurance expenses, net of deferrals		30		27		2		59
Amortization of deferred acquisition costs and intangibles		24		3		—		27

Total benefits and expenses		526		34		84		644

EARNINGS BEFORE INCOME TAXES		52		25		14		91

Provision for income taxes		18		8		5		31

SEGMENT NET EARNINGS	$	34	$	17	$	9	$	60


Three months ended March 31, 2004	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	277	$	—	$	—	$	277
Net investment income		512		29		76		617
Policy fees and other income		2		83		—		85

Total revenues		791		112		76		979

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		487		7		—		494
Interest credited		213		27		66		306
Underwriting, acquisition and insurance expenses, net of deferrals		30		44		1		75
Amortization of deferred acquisition costs and intangibles		27		30		—		57

Total benefits and expenses		757		108		67		932

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		34		4		9		47

Provision for income taxes		12		1		3		16

SEGMENT NET EARNINGS	$	22	$	3	$	6	$	31

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Assets Under Management—Retirement Income and Investments

(amounts in millions)


	Three months ended March 31,
	2005			2004
*Spread-Based Retail Products*
Fixed Annuities
Account value, beginning of period	$	15,157		$	14,199
Deposits		285			311
Interest credited		150			145
Surrenders, benefits and product charges		(343	)		(317	)

Account value, end of period	$	15,249		$	14,338

Account value, net of reinsurance, end of period	$	15,214		$	14,304	(i)

Income Annuities
Account value, beginning of period	$	5,348		$	5,015
Premiums and deposits		212			225
Interest credited		77			75
Surrenders, benefits and product charges		(218	)		(212	)

Account value, end of period	$	5,419		$	5,103

Account value, net of reinsurance, end of period	$	5,415		$	5,098	(ii)

Structured Settlements
Account value, beginning of period	$	12,323		$	12,017
Premiums and deposits		124			133
Interest credited		214			209
Surrenders, benefits and product charges		(229	)		(227	)

Account value, end of period	$	12,432		$	12,132

Account value, net of reinsurance, end of period	$	653		$	134	(iii)

Total Spread-Based Retail Products, net of reinsurance ((i)+(ii)+(iii))	$	21,282		$	19,536	(iv)

*Spread-Based Institutional Products*
GICs and Funding Agreements
Account value, beginning of the period	$	9,541		$	9,527
Deposits		841			501
Interest credited		82			66
Surrenders and benefits		(1,056	)		(633	)

Account value, end of period	$	9,408		$	9,461	(v)

Total Spread-Based Products Assets Under Management ((iv)+(v))	$	30,690		$	28,997	(vi)

*Fee-Based Products*
Variable Annuities
Account value, beginning of period	$	11,555		$	10,904
Deposits		265			308
Interest credited and investment performance		(161	)		249
Surrenders, benefits and product charges		(401	)		(402	)

Account value, end of period	$	11,258		$	11,059

Account value, net of reinsurance, end of period	$	1,287		$	452	(vii)

Variable Life Insurance
Account value, beginning of the period	$	345		$	313
Deposits		8			11
Interest credited and investment performance		(11	)		5
Surrenders, benefits and product charges		(7	)		(8	)

Account value, end of period	$	335		$	321	(viii)

Third Party Assets
Private Asset Management	$	2,753		$	2,497
Personal Advisor Network		1,293			866

Total Third Party Assets	$	4,046		$	3,363	(ix)

Total Fee-Based Products Assets Under Management ((vii)+(viii)+(ix))	$	5,668		$	4,136	(x)

Assets Under Management ((vi)+(x))	$	36,358		$	33,133

(a)	Assets under management is defined as the total account value, net of reinsurance, and third party assets

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Assets Under Management by Contract Type—Retirement Income and Investments

(amounts in millions)


	2005		2004
	Q1		Q4		Q3		Q2		Q1
*Spread-Based Institutional Products*
Guaranteed investment contracts (GICs)	$	3,302	$	3,352	$	3,412	$	3,517	$	3,474
Funding agreements backing notes		3,381		3,405		2,992		2,844		2,963
Funding agreements		2,725		2,784		2,925		3,024		3,024

	$	9,408	$	9,541	$	9,329	$	9,385	$	9,461

Funding agreements by liquidity provisions:
7 day	$	—	$	—	$	50	$	100	$	100
30 day		—		—		150		200		350
90 day		1,308		1,518		1,610		1,660		1,960
180 day		150		100		—		—		—
No put		1,010		900		850		850		500
13 month rolling maturity		250		250		250		200		100
Accrued interest		7		16		15		14		14

Total funding agreements	$	2,725	$	2,784	$	2,925	$	3,024	$	3,024

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


Three months ended March 31, 2005	U. S.		International		Total
REVENUES:
Premiums	$	111	$	104	$	215
Net investment income		31		38		69
Policy fees and other income		7		3		10

Total revenues		149		145		294

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		15		6		21
Underwriting, acquisition and insurance expenses, net of deferrals		34		25		59
Amortization of deferred acquisition costs and intangibles		6		5		11

Total benefits and expenses		55		36		91

EARNINGS BEFORE INCOME TAXES		94		109		203

Provision for income taxes		22		40		62

SEGMENT NET EARNINGS	$	72	$	69	$	141


Three months ended March 31, 2004	U. S.		International		Total
REVENUES:
Premiums	$	119	$	76	$	195
Net investment income		31		29		60
Policy fees and other income		4		4		8

Total revenues		154		109		263

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		29		10		39
Underwriting, acquisition and insurance expenses, net of deferrals		41		23		64
Amortization of deferred acquisition costs and intangibles		7		5		12

Total benefits and expenses		77		38		115

EARNINGS BEFORE INCOME TAXES		77		71		148

Provision for income taxes		18		27		45

SEGMENT NET EARNINGS	$	59	$	44	$	103

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


Three months ended March 31, 2005	Total
REVENUES
Premiums	$	18
Net investment income		35
Net realized investment losses		(6	)
Policy fees and other income		5

Total revenues		52

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		8
Underwriting, acquisition and insurance expenses, net of deferrals		2
Amortization of deferred acquisition costs and intangibles		5
Interest expense		63

Total benefits and expenses		78

LOSS BEFORE INCOME TAXES		(26	)

Benefit from income taxes		(8	)

SEGMENT NET LOSS		(18	)

Net realized investment losses, net of taxes		4

NET OPERATING LOSS	$	(14	)


Three months ended March 31, 2004	Total
REVENUES
Premiums	$	26
Net investment income		33
Net realized investment gains		16
Policy fees and other income		2

Total revenues		77

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		9
Underwriting, acquisition and insurance expenses, net of deferrals		19
Amortization of deferred acquisition costs and intangibles		3
Interest expense		44

Total benefits and expenses		75

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		2

Benefit from income taxes		(2	)

SEGMENT NET EARNINGS		4

Net realized investment gains, net of taxes		(10	)

NET OPERATING LOSS	$	(6	)

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Net Earnings

(amounts in millions)


	2005			2004
	Q1			Q4			Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,605		$	1,606		$	1,523	$	1,708	$	1,722	$	6,559
Net investment income		851			825			785		1,001		1,037		3,648
Net realized investment (losses) gains		(6	)		(1	)		3		8		16		26
Policy fees and other income		161			212			159		204		249		824

Total revenues		2,611			2,642			2,470		2,921		3,024		11,057

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,075			1,129			1,034		1,290		1,351		4,804
Interest credited		340			344			328		364		396		1,432
Underwriting, acquisition and insurance expenses, net of deferrals		408			429			399		476		508		1,812
Amortization of deferred acquisition costs and intangibles		232			262			242		305		345		1,154
Interest expense		72			63			60		47		47		217

Total benefits and expenses		2,127			2,227			2,063		2,482		2,647		9,419

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		484			415			407		439		377		1,638

Provision for income taxes		162			69			136		171		117		493

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	322		$	346		$	271	$	268	$	260	$	1,145

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


	2005		2004
	Q1		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,128	$	1,094	$	1,085	$	1,132	$	1,170	$	4,481
Net investment income		314		311		298		306		309		1,224
Policy fees and other income		88		102		91		79		87		359

Total Revenues		1,530		1,507		1,474		1,517		1,566		6,064

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		738		705		698		727		760		2,890
Interest credited		90		91		91		90		90		362
Underwriting, acquisition and insurance expenses, net of deferrals		288		279		267		272		276		1,094
Amortization of deferred acquisition costs and intangibles		189		208		198		219		244		869
Interest expense		9		6		4		2		3		15

Total benefits and expenses		1,314		1,289		1,258		1,310		1,373		5,230

EARNINGS BEFORE INCOME TAXES		216		218		216		207		193		834

Provision for income taxes		77		78		81		78		69		306

SEGMENT NET EARNINGS	$	139	$	140	$	135	$	129	$	124	$	528

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


	2005		2004
	Q1		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	244	$	277	$	219	$	321	$	277	$	1,094
Net investment income		433		417		393		569		617		1,996
Policy fees and other income		58		58		52		76		85		271

Total revenues		735		752		664		966		979		3,361

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		308		363		281		495		494		1,633
Interest credited		250		253		237		274		306		1,070
Underwriting, acquisition and insurance expenses, net of deferrals		59		48		59		68		75		250
Amortization of deferred acquisition costs and intangibles		27		34		25		54		57		170
Interest expense		—		—		—		1		—		1

Total benefits and expenses		644		698		602		892		932		3,124

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		91		54		62		74		47		237

Provision for income taxes		31		19		22		27		16		84

SEGMENT NET EARNINGS	$	60	$	35	$	40	$	47	$	31	$	153

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


	2005		2004
	Q1		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	215	$	213	$	197	$	195	$	195	$	800
Net investment income		69		68		65		61		60		254
Policy fees and other income		10		8		10		10		8		36

Total revenues		294		289		272		266		263		1,090

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		21		53		46		27		39		165
Underwriting, acquisition and insurance expenses, net of deferrals		59		69		64		65		64		262
Amortization of deferred acquisition costs and intangibles		11		16		12		11		12		51

Total benefits and expenses		91		138		122		103		115		478

EARNINGS BEFORE INCOME TAXES		203		151		150		163		148		612

Provision for income taxes		62		44		48		49		45		186

SEGMENT NET EARNINGS	$	141	$	107	$	102	$	114	$	103	$	426

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


	2005			2004
	Q1			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	18		$	22		$	22		$	26		$	26		$	96
Net investment income		35			29			29			57			33			148
Net realized investment (losses) gains		(6	)		(1	)		3			8			16			26
Policy fees and other income		5			44			6			2			2			54

Total revenues		52			94			60			93			77			324

BENEFITS AND EXPENSES
Benefits and other changes in policy reserves		8			8			9			10			9			36
Underwriting, acquisition and insurance expenses, net of deferrals		2			33			9			22			19			83
Amortization of deferred acquisition costs and intangibles		5			4			7			3			3			17
Interest expense		63			57			56			44			44			201

Total benefits and expenses		78			102			81			79			75			337

(LOSS) EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(26	)		(8	)		(21	)		14			2			(13	)

(Benefit from) provision for income taxes		(8	)		(72	)		(15	)		24			(2	)		(65	)

SEGMENT NET (LOSS) EARNINGS		(18	)		64			(6	)		(10	)		4			52

Net realized investment losses (gains), net of taxes		4			1			(2	)		(4	)		(10	)		(15	)

NET OPERATING (LOSS) EARNINGS	$	(14	)	$	65		$	(8	)	$	(14	)	$	(6	)	$	37

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Affinity

(amounts in millions)


	2005		2004
	Q1		Q4		Q3		Q2			Q1			Total
REVENUES:
Premiums	$	—	$	—	$	—	$	34		$	54		$	88
Net investment income		—		—		—		8			18			26
Policy fees and other income		—		—		—		37			67			104

Total revenues		—		—		—		79			139			218

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—		—		—		31			49			80
Underwriting, acquisition and insurance expenses, net of deferrals		—		—		—		49			74			123
Amortization of deferred acquisition costs and intangibles		—		—		—		18			29			47

Total benefits and expenses		—		—		—		98			152			250

LOSS BEFORE INCOME TAXES		—		—		—		(19	)		(13	)		(32	)

Benefit from income taxes		—		—		—		(7	)		(11	)		(18	)

SEGMENT NET LOSS	$	—	$	—	$	—	$	(12	)	$	(2	)	$	(14	)

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

STATISTICAL DATA

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Deferred Acquisition Costs

(amounts in millions)


Deferred Acquisition Costs	Total			Protection			Retirement Income and Investments			Mortgage Insurance			Corporate and Other
Unamortized balance as of December 31, 2004	$	5,206		$	4,327		$	762		$	112		$	5
Costs Deferred		300			241			41			16			2
Amortization		(213	)		(176	)		(25	)		(10	)		(2	)
Impact of foreign currency translation		(3	)		(4	)		—			1			—

Unamortized balance as of March 31, 2005		5,290			4,388			778			119			5
Accumulated effect of net unrealized investment gains		(78	)		(8	)		(70	)		—			—

Balance as of March 31, 2005	$	5,212		$	4,380		$	708		$	119		$	5

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Investments Summary

(dollar amounts in millions)


		March 31, 2005				December 31, 2004				September 30, 2004				June 30, 2004				March 31, 2004
		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		$	40,644	61	%	$	40,150	60	%	$	39,210	59	%	$	36,703	59	%	$	54,054	65	%
Private			11,997	18	%		12,274	18	%		11,619	18	%		11,298	18	%		14,861	18	%
Equity securities, available-for-sale
Common Stocks and Mutual Funds			52	0	%		82	0	%		75	0	%		82	0	%		143	0	%
Preferred Stocks			132	0	%		125	0	%		126	0	%		119	0	%		243	1	%
Investment in Special Purpose Entities			171	1	%		167	1	%		159	1	%		151	1	%		161	0	%
Mortgage loans			6,279	9	%		6,051	9	%		5,877	9	%		5,800	9	%		6,124	7	%
Policy loans			1,232	2	%		1,224	2	%		1,215	2	%		1,108	2	%		1,114	1	%
Restricted investments held by securitization entities			815	1	%		860	1	%		925	1	%		956	1	%		1,018	1	%
Cash, cash equivalents and short-term investments			1,526	2	%		2,210	3	%		2,667	4	%		2,240	4	%		2,465	3	%
Other invested assets			3,823	6	%		3,996	6	%		4,299	6	%		3,558	6	%		3,535	4	%

Total invested assets and cash		$	66,671	100	%	$	67,139	100	%	$	66,172	100	%	$	62,015	100	%	$	83,718	100	%


		March 31, 2005				December 31, 2004				September 30, 2004				June 30, 2004				March 31, 2004
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	$	29,107	72	%	$	28,635	71	%	$	27,877	71	%	$	26,053	71	%	$	34,481	64	%
2	Baa		9,472	23	%		9,344	23	%		9,320	24	%		8,758	24	%		15,770	29	%
3	Ba		1,439	4	%		1,415	4	%		1,329	4	%		1,189	3	%		2,313	4	%
4	B		474	1	%		651	2	%		567	1	%		571	2	%		1,122	2	%
5	Caa and lower		91	0	%		63	0	%		59	0	%		94	0	%		217	1	%
6	In or near default		26	0	%		15	0	%		21	0	%		21	0	%		79	0	%
Not rated	Not rated		35	0	%		27	0	%		37	0	%		17	0	%		72	0	%

	Total public fixed maturities	$	40,644	100	%	$	40,150	100	%	$	39,210	100	%	$	36,703	100	%	$	54,054	100	%


Private Fixed Maturities—Credit Quality:
NAIC Designation	Rating Agency Equivalent Designation
1	Aaa/Aa/A	$	6,350	53	%	$	6,501	53	%	$	6,024	52	%	$	5,853	52	%	$	7,872	53	%
2	Baa		4,743	40	%		4,768	39	%		4,605	40	%		4,476	40	%		5,692	38	%
3	Ba		543	5	%		605	5	%		597	5	%		628	5	%		783	5	%
4	B		175	1	%		202	2	%		191	2	%		123	1	%		210	2	%
5	Caa and lower		46	0	%		103	1	%		106	1	%		101	1	%		138	1	%
6	In or near default		37	0	%		43	0	%		74	0	%		92	1	%		98	1	%
Not rated	Not rated		103	1	%		52	0	%		22	0	%		25	0	%		68	0	%

	Total private fixed maturities	$	11,997	100	%	$	12,274	100	%	$	11,619	100	%	$	11,298	100	%	$	14,861	100	%

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Fixed Maturities Summary

(dollar amounts in millions)


	March 31, 2005				December 31, 2004				September 30, 2004				June 30, 2004				March 31, 2004
	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	$	493	1	%	$	572	1	%	$	569	1	%	$	614	1	%	$	1,189	2	%
State and municipal		3,016	6	%		3,030	6	%		3,267	6	%		3,140	7	%		3,359	5	%
Foreign government		1,808	3	%		1,744	3	%		1,453	3	%		1,462	3	%		1,660	2	%
U.S. corporate		21,525	41	%		21,893	42	%		21,254	42	%		20,389	43	%		35,058	51	%
Foreign corporate		7,178	14	%		6,913	13	%		6,550	13	%		5,846	12	%		8,773	13	%
Mortgage-backed		8,722	17	%		8,577	17	%		7,969	16	%		6,948	14	%		8,421	12	%
Public utilities		6,571	12	%		6,395	12	%		6,387	12	%		6,152	13	%		6,043	9	%
Asset-backed		3,328	6	%		3,300	6	%		3,380	7	%		3,450	7	%		4,412	6	%

Total fixed maturities	$	52,641	100	%	$	52,424	100	%	$	50,829	100	%	$	48,001	100	%	$	68,915	100	%

*Corporate Bond Holdings—Industry Sector:*
Finance and insurance	$	10,658	30	%	$	10,357	30	%	$	10,080	29	%	$	9,619	30	%	$	13,881	28	%
Utilities and energy		6,985	20	%		7,056	20	%		7,061	21	%		6,784	21	%		11,238	22	%
Consumer—non cyclical		4,705	13	%		4,351	12	%		4,349	13	%		4,213	13	%		6,454	13	%
Consumer—cyclical		2,634	8	%		2,666	8	%		2,637	8	%		2,640	8	%		4,028	8	%
Capital goods		2,289	6	%		2,240	6	%		2,284	7	%		2,201	7	%		3,327	7	%
Industrial		2,384	7	%		2,475	7	%		2,506	7	%		2,263	7	%		3,333	7	%
Technology and communications		2,329	7	%		2,223	6	%		2,135	6	%		1,996	6	%		3,268	6	%
Transportation		1,156	3	%		1,063	3	%		1,003	3	%		900	3	%		1,953	4	%
Other		2,134	6	%		2,770	8	%		2,136	6	%		1,771	5	%		2,392	5	%

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

*Fixed maturities—Contractual Maturity Dates:*
Due in one year or less	$	2,652	5	%	$	2,040	4	%	$	1,712	3	%	$	1,297	3	%	$	1,636	2	%
Due after one year through five years		10,329	20	%		10,749	20	%		10,660	21	%		10,952	23	%		12,112	18	%
Due after five years through ten years		11,658	22	%		11,842	23	%		11,663	23	%		10,924	22	%		14,725	21	%
Due after ten years		15,952	30	%		15,916	30	%		15,445	31	%		14,430	30	%		27,609	40	%

Subtotal		40,591	77	%		40,547	77	%		39,480	78	%		37,603	78	%		56,082	81	%
Mortgage-backed and asset backed		12,050	23	%		11,877	23	%		11,349	22	%		10,398	22	%		12,833	19	%

Total fixed maturities	$	52,641	100	%	$	52,424	100	%	$	50,829	100	%	$	48,001	100	%	$	68,915	100	%

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Commercial Mortgage Loan Data

(dollar amounts in millions)


	March 31, 2005						December 31, 2004				September 30, 2004				June 30, 2004				March 31, 2004
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	$	1,850			30	%	$	1,796	30	%	$	1,761	30	%	$	1,707	29	%	$	1,821	29	%
South Atlantic		1,234			20	%		1,239	20	%		1,196	20	%		1,208	21	%		1,216	20	%
Middle Atlantic		989			16	%		953	16	%		887	15	%		857	15	%		923	15	%
East North Central		662			11	%		682	11	%		681	12	%		706	12	%		789	13	%
Mountain		471			8	%		463	8	%		457	8	%		439	8	%		479	8	%
West South Central		304			5	%		306	5	%		275	5	%		303	5	%		292	5	%
West North Central		366			5	%		252	4	%		261	4	%		246	4	%		261	4	%
East South Central		230			3	%		225	4	%		227	4	%		225	4	%		235	4	%
New England		173			2	%		135	2	%		132	2	%		109	2	%		108	2	%

Total	$	6,279			100	%	$	6,051	100	%	$	5,877	100	%	$	5,800	100	%	$	6,124	100	%

*Property Type*
Office	$	1,861			30	%	$	1,822	30	%	$	1,774	30	%	$	1,826	32	%	$	1,985	32	%
Industrial		1,845			30	%		1,797	30	%		1,768	30	%		1,697	29	%		1,814	30	%
Retail		1,701			27	%		1,574	26	%		1,519	26	%		1,507	26	%		1,508	25	%
Apartments		655			10	%		650	11	%		612	10	%		575	10	%		589	10	%
Mixed use/other		217			3	%		208	3	%		204	4	%		195	3	%		228	3	%

Total	$	6,279			100	%	$	6,051	100	%	$	5,877	100	%	$	5,800	100	%	$	6,124	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	$	3,122			49	%	$	3,073	50	%	$	3,053	52	%	$	3,008	52	%	$	3,208	52	%
$5 million but less than $10 million		1,457			23	%		1,442	24	%		1,378	23	%		1,312	22	%		1,352	22	%
$10 million but less than $20 million		1,072			17	%		1,009	17	%		965	16	%		970	17	%		959	15	%
$20 million but less than $30 million		350			6	%		334	5	%		287	5	%		314	5	%		358	6	%
$30 million and over		324			5	%		237	4	%		238	4	%		241	4	%		296	5	%

Total	$	6,325			100	%	$	6,095	100	%	$	5,921	100	%	$	5,845	100	%	$	6,173	100	%


	March 31, 2005			December 31, 2004
*Allowance for Losses on Mortgage Loans*
Balance, beginning of year	$	52		$	50
Additions		3			7
Deductions for write-downs and dispositions		(1	)		(5	)

Balance, end of year	$	54		$	52

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Sales

(amounts in millions)


	2005		2004
	Q1		Q4		Q3		Q2		Q1		Total
*Protection Segment¹*

Annualized first-year premiums²:

Term life	$	29	$	27	$	26	$	23	$	26	$	102
Financial Intermediaries		2		2		2		1		2		7
Independent Producers		27		25		24		22		24		95

Universal life		13		12		10		9		11		42
Financial Intermediaries		1		—		—		—		1		1
Independent Producers		12		12		10		9		9		40
Dedicated Sales Specialists		—		—		—		—		1		1

Long-term care		41		41		39		41		41		162
Financial Intermediaries		10		11		10		10		10		41
Independent Producers		14		12		12		12		11		47
Dedicated Sales Specialists		17		18		17		19		20		74

Group life and health		30		66		39		40		26		171
Independent Producers		30		66		39		40		26		171

Total annualized first-year premiums		113		146		114		113		104		477

Written premiums²:
Payment protection		453		351		397		402		351		1,501
Financial Intermediaries		453		351		397		402		351		1,501

Total protection segment	$	566	$	497	$	511	$	515	$	455	$	1,978

¹	In our Protection segment, sales from our life, long-term care and group life and health insurance businesses represent annualized first-year premiums. Sales from our payment protection insurance business represent gross written premiums.

Annualized first-year premiums are calculated as if premiums 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 period. Deposits represent additional investments in investment products during the specified period.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

Segment Sales, continued

(amounts in millions)


	2005		2004
	Q1		Q4		Q3		Q2		Q1		Total
*Retirement Income and* *Investments (RI&I) Segment³*

Spread-based retail Structured settlements⁴	$	153	$	104	$	89	$	192	$	150	$	535

Income annuities		166		212		187		164		201		764
Financial Intermediaries		88		127		115		98		119		459
Independent Producers		70		79		68		63		78		288
Dedicated Sales Specialists		8		6		4		3		4		17

Fixed annuities		364		283		653		372		411		1,719
Financial Intermediaries		353		276		641		360		400		1,677
Independent Producers		7		4		6		9		6		25
Dedicated Sales Specialists		4		3		6		3		5		17

Total spread-based retail		683		599		929		728		762		3,018

Fee-based
Variable Annuities⁵		264		256		250		277		292		1,075
Financial Intermediaries		245		236		232		257		277		1,002
Independent Producers		9		8		5		13		7		33
Dedicated Sales Specialists		10		12		13		7		8		40

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

Managed assets		323		301		267		271		304		1,143
Independent Producers		193		161		139		159		183		642
Dedicated Sales Specialists		130		140		128		112		121		501

Total fee-based		590		561		521		553		601		2,236

Spread-based institutional⁴
Guaranteed investment contracts (GICs)		49		96		80		111		74		361
Funding agreements backing notes		300		600		500		210		180		1,490
Funding agreements		—		100		—		100		100		300

Total spread-based institutional		349		796		580		421		354		2,151

Total RI&I segment	$	1,622	$	1,956	$	2,030	$	1,702	$	1,717	$	7,405

*Mortgage Insurance Segment⁶*
New insurance written:
U.S. mortgage insurance	$	5,666	$	7,074	$	6,206	$	8,055	$	6,798	$	28,133
International mortgage insurance		14,243		15,225		13,163		12,545		10,905		51,838

Total mortgage insurance segment	$	19,909	$	22,299	$	19,369	$	20,600	$	17,703	$	79,971

In our Retirement Income and Investments segment, sales from our life-contingent spread-based retail products represent annualized first-year premiums. Sales from our non-life-contingent spread-based retail products, as well as our fee-based and spread-based institutional products, represent new premiums/deposits.

⁴	All Structured Settlements and institutional products are sold by independent producers

⁵	Sales from our variable annuities include additional deposits on existing policies, including policies reinsured in connection with our corporate reorganization. Following is a table representing the additional deposits on policies reinsured:


2005		2004
Q1		Q4		Q3		Q2		Q1		Total
$	38	$	50	$	59	$	71	$	82	$	262

⁶	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.

GENWORTH FINANCIAL

1Q 2005 FINANCIAL SUPPLEMENT

CORPORATE INFORMATION

GENWORTH FINANCIAL

1Q 2005 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

1Q 2005 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 22 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