Financial Supplement

Exhibit 99.2

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Genworth SM

Financial

Built on GE Heritage

SECOND QUARTER

FINANCIAL SUPPLEMENT

JUNE 30, 2005

GENWORTH FINANCIAL

2Q 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

*Second Quarter Results—Three and six months ended June 30, 2005 as compared to three and six months ended June 30, 2004*
QTD Financial Highlights		10
YTD Financial Highlights		11
QTD Earnings From Continuing Operations		12
YTD Earnings From Continuing Operations		13
Statement of Financial Position		14

*Second Quarter Results—Three and six months ended June 30, 2005 as compared to pro forma three and six months ended June 30, 2004*
QTD Financial Highlights		16
YTD Financial Highlights		17
QTD Earnings From Continuing Operations		18
YTD Earnings From Continuing Operations		19

*Second Quarter Results by Segment—Three and six months ended June 30, 2005 as compared to pro forma three and six months ended June 30, 2004*
Operating Results
QTD Statement of Earnings by Segment		21
YTD Statement of Earnings by Segment		22

Net Earnings by Segment
QTD Segment Net Earnings—Protection		23
YTD Segment Net Earnings—Protection		24
QTD Segment Net Earnings—Retirement Income and Investments		25
YTD Segment Net Earnings—Retirement Income and Investments		26
QTD Segment Net Earnings—Mortgage Insurance		27
YTD Segment Net Earnings—Mortgage Insurance		28
Selected Key Performance Measures—Mortgage Insurance		29 & 30
QTD Segment Net Earnings—Corporate and Other		31
YTD Segment Net Earnings—Corporate and Other		32

Earnings Trends
Net Earnings		33
Segment Net Earnings—Protection		34
Segment Net Earnings—Retirement Income and Investments		35
Segment Net Earnings—Mortgage Insurance		36
Segment Net Earnings—Corporate and Other		37

*Second Quarter Results by Segment—Three and six months ended June 30, 2005 as compared to three and six months ended June 30, 2004*
Operating Results
QTD Statement of Earnings by Segment		39
YTD Statement of Earnings by Segment		40

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2Q 2005 FINANCIAL SUPPLEMENT


Table of Contents		Page
Net Earnings by Segment
QTD Segment Net Earnings—Protection		41
YTD Segment Net Earnings—Protection		42
QTD Segment Net Earnings—Retirement Income and Investments		43
YTD Segment Net Earnings—Retirement Income and Investments		44
Assets Under Management—Retirement Income and Investments		45
Assets Under Management by Contract Type—Retirement Income and Investments		46
QTD Segment Net Earnings—Mortgage Insurance		47
YTD Segment Net Earnings—Mortgage Insurance		48
QTD Segment Net Earnings—Corporate and Other		49
YTD Segment Net Earnings—Corporate and Other		50

Earnings Trends
Net Earnings		51
Segment Net Earnings—Protection		52
Segment Net Earnings—Retirement Income and Investments		53
Segment Net Earnings—Mortgage Insurance		54
Segment Net Earnings—Corporate and Other		55
Segment Net Earnings—Affinity		56

*Statistical Data*
Deferred Acquisition Costs		58
Investments Summary		59
Fixed Maturities Summary		60
Commercial Mortgage Loan Data		61
Segment Sales		62 & 63

*Corporate Information*
Industry Ratings		65 & 66

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Dear Investor,

In conjunction with the release of Genworth’s second 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 second 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

2Q 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. These contracts represent substantially all of the company’s contracts that were in force as of December 31, 2003 for these products. In addition, effective as of January 1, 2004, the company ceded to UFLIC policy obligations under a block of long-term care insurance policies, which had reserves of $1.5 billion as of December 31, 2003. As part of the reinsurance transactions, UFLIC ceded to the company in-force blocks of Medicare supplement insurance, which had reserves of $19 million.

The unaudited pro forma financial information 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 there from.

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

2Q 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 net operating earnings for the periods presented in this financial supplement other than a $22 million IPO-related 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 and six months ended June 30, 2005 and 2004 and to pro forma net operating earnings for the three and six months ended June 30, 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 and six months ended June 30, 2005 and 2004, and to pro forma segment net operating earnings for the three and six months ended June 30, 2004, presented in accordance with GAAP, see the tables on pages 16 & 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 and additional 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.

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2Q 2005 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


Balance Sheet Data	June 30, 2005		December 31, 2004
Total stockholders’ interest, excluding accumulated nonowner changes in stockholders’ interest	$	11,342	$	11,257
Total accumulated nonowner changes in stockholders’ interest		2,164		1,609

Total stockholders’ interest	$	13,506	$	12,866

Book value per common share	$	28.69	$	26.28
Book value per common share, excluding accumulated nonowner changes in stockholders’ interest	$	24.10	$	22.99

Common shares outstanding as of balance sheet date		470.7		489.6

Basic and Diluted Shares	Three months ended June 30, 2005		Six months ended June 30, 2005
Weighted-average shares used in basic earnings per common share calculations		470.4		479.6
Dilutive securities:
Stock purchase contracts underlying equity units		4.4		4.0
Stock options and stock appreciation rights		2.2		1.9
Restricted stock units		0.4		0.4

Weighted-average shares used in diluted earnings per common share calculations		477.4		485.9

Stock Purchase Contracts Underlying Equity Units

For more information on our Equity Units, see note 14 (d) in our audited financial statements filed on form 10K for the year ended December 31, 2004.


Dilutive Effect of Stock Purchase Contracts Underlying Equity Units	Average market price		Incremental shares (a)
	$	25.00	1.4
	$	26.00	2.4
	$	27.00	3.2
	$	28.00	4.0
	$	29.00	4.7
	$	30.00	5.4
	$	31.00	6.1
	$	32.00	6.7
	$	33.00	7.2
	$	34.00	7.8
	$	35.00	8.3

(a)	Incremental shares are calculated using the treasury stock method.

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2Q 2005 FINANCIAL SUPPLEMENT

Reconciliation to Net Operating Earnings

(amounts in millions, except per share data)


	Three months ended June 30,					Six months ended June 30,
	2005		2004			2005		2004
Net earnings	$	285	$	268		$	607	$	540
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		285		268			607		528

Net realized investment losses (gains), net of taxes		—		(5	)		4		(15	)
Net tax expense related to initial public offering		—		22			—		22

Net operating earnings	$	285	$	285		$	611	$	535

Net earnings from continuing operations before accounting change			$	268				$	528
Excluded assets and liabilities (a)				6					7
Reinsurance transactions (b)				(6	)				(4	)
Capital structure and other (c)				(9	)				(18	)

Pro forma net earnings from continuing operations				259					513
Net realized investment gains, net of taxes				(4	)				(14	)
Net tax expense related to initial public offering				22					22

Pro forma net operating earnings			$	277				$	521

Net earnings per common share:
Basic	$	0.61	$	0.55		$	1.27	$	1.10

Diluted	$	0.60	$	0.55		$	1.25	$	1.10

Net earnings from continuing operations before accounting change per common share:
Basic	$	0.61	$	0.55		$	1.27	$	1.08

Diluted	$	0.60	$	0.55		$	1.25	$	1.08

Net operating earnings per common share:
Basic	$	0.61	$	0.58		$	1.27	$	1.09

Diluted	$	0.60	$	0.58		$	1.26	$	1.09

Pro forma net earnings from continuing operations per common share:
Basic			$	0.53				$	1.05

Diluted			$	0.53				$	1.05

Pro forma net operating earnings per common share:
Basic			$	0.57				$	1.06

Diluted			$	0.57				$	1.06

Weighted-average common shares outstanding:
Basic		470.4		489.5			479.6		489.5

Diluted		477.4		490.1			485.9		490.1

Note:

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

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2Q 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 and six months ended June 30, 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 periods, 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

2Q 2005 FINANCIAL SUPPLEMENT

Second Quarter Results

Three and six months ended June 30, 2005 as compared to

three and six months ended June 30, 2004

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


	Three months ended June 30,
EARNINGS BY SEGMENT	2005			2004
Earnings (loss) from continuing operations before income taxes and accounting change
Protection	$	205		$	207
Retirement Income and Investments		79			74
Mortgage Insurance		173			163
Corporate and Other		(45	)		14
Affinity		—			(19	)

Earnings (loss) from continuing operations before income taxes and accounting change	$	412		$	439

Net earnings (loss) from continuing operations before accounting change
Protection	$	132		$	129
Retirement Income and Investments		60			47
Mortgage Insurance		121			114
Corporate and Other		(28	)		(10	)
Affinity		—			(12	)

Net Earnings (loss) from continuing operations before accounting change	$	285		$	268


	Three months ended June 30,
EARNINGS PER COMMON SHARE	2005			2004
Net earnings per common share
Basic	$	0.61		$	0.55

Diluted	$	0.60		$	0.55

Weighted-average common shares outstanding:
Basic		470.4			489.5

Diluted		477.4			490.1

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


	Six months ended June 30,
EARNINGS BY SEGMENT	2005			2004
Earnings (loss) from continuing operations before income taxes and accounting change
Protection	$	421		$	400
Retirement Income and Investments		170			121
Mortgage Insurance		376			311
Corporate and Other		(71	)		16
Affinity		—			(32	)

Earnings (loss) from continuing operations before income taxes and accounting change	$	896		$	816

Net earnings (loss) from continuing operations before accounting change
Protection	$	271		$	253
Retirement Income and Investments		120			78
Mortgage Insurance		262			217
Corporate and Other		(46	)		(6	)
Affinity		—			(14	)

Net earnings (loss) from continuing operations before accounting change		607			528

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

Net Earnings	$	607		$	540


	Six months ended June 30,
EARNINGS PER COMMON SHARE	2005			2004
Basic earnings per common share:
Net earnings from continuing operations before accounting change	$	1.27		$	1.08
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	$	1.27		$	1.10

Diluted earnings per common share:
Net earnings from continuing operations before accounting change	$	1.25		$	1.08
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	$	1.25		$	1.10

Weighted-average common shares outstanding:
Basic		479.6			489.5

Diluted		485.9			490.1

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Earnings From Continuing Operations

(amounts in millions)


	Three months ended June 30,
	2005			2004
REVENUES:
Premiums	$	1,614		$	1,708
Net investment income		842			1,001
Net realized investment gains		—			8
Policy fees and other income		154			204

Total revenues		2,610			2,921

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,051			1,290
Interest credited		347			364
Underwriting, acquisition and insurance expenses, net of deferrals		498			511
Amortization of deferred acquisition costs and intangibles		233			270
Interest expense		69			47

Total benefits and expenses		2,198			2,482

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		412			439
Provision for income taxes		127			171
Effective tax rate		30.8	%		39.0	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE	$	285		$	268

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Earnings From Continuing Operations

(amounts in millions)


	Six months ended June 30,
	2005			2004
REVENUES:
Premiums	$	3,219		$	3,430
Net investment income		1,693			2,038
Net realized investment (losses) gains		(6	)		24
Policy fees and other income		315			453

Total revenues		5,221			5,945

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		2,126			2,641
Interest credited		687			760
Underwriting, acquisition and insurance expenses, net of deferrals		935			1,034
Amortization of deferred acquisition costs and intangibles		436			600
Interest expense		141			94

Total benefits and expenses		4,325			5,129

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		896			816
Provision for income taxes		289			288
Effective tax rate		32.3	%		35.3	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	607		$	528

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2Q 2005 FINANCIAL SUPPLEMENT

Statement of Financial Position

(amounts in millions)


	June 30, 2005			December 31, 2004
ASSETS
Investments:
Fixed maturities available-for-sale, at fair value	$	53,419		$	52,424
Equity securities available-for-sale, at fair value		359			374
Mortgage and other loans, net of valuation allowance of $57 and $52		6,859			6,051
Policy loans		1,233			1,224
Short-term investments		27			247
Restricted investments held by securitization entities		781			860
Other invested assets		3,669			3,996

Total investments		66,347			65,176
Cash and cash equivalents		1,518			1,963
Accrued investment income		759			733
Deferred acquisition costs		5,165			5,020
Intangible assets		778			780
Goodwill		1,454			1,465
Reinsurance recoverable		18,526			18,535
Other assets ($40 and $24 restricted in securitization entities)		1,210			1,322
Separate account assets		8,731			8,884

Total assets	$	104,488		$	103,878

LIABILITIES AND STOCKHOLDERS’ INTEREST
Liabilities:
Future annuity and contract benefits	$	62,519		$	61,698
Liability for policy and contract claims		3,343			3,329
Unearned premiums		3,417			3,597
Other policyholder liabilities		682			638
Other liabilities ($15 and $3 restricted in securitization entities)		5,609			6,792
Non-recourse funding obligations		1,100			900
Short-term borrowings		529			559
Long-term borrowings		2,416			2,442
Senior notes underlying equity units		600			600
Preferred stock		100			100
Deferred tax liability		1,182			624
Borrowings related to securitization entities		754			849
Separate account liabilities		8,731			8,884

Total liabilities		90,982			91,012


Commitments and Contingencies

Stockholders’ Interest:
Common stock		—			—
Additional paid-in capital		10,651			10,612

Accumulated non-owner changes in stockholders’ interest:
Net unrealized investment gains		1,538			1,019
Derivatives qualifying as hedges		406			268
Foreign currency translation adjustments		220			322

Total accumulated non-owner changes in stockholders’ interest		2,164			1,609
Retained earnings		1,191			645
Treasury stock, at cost		(500	)		—

Total stockholders’ interest		13,506			12,866

Total liabilities and stockholders’ interest	$	104,488		$	103,878

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Second Quarter Results

Three and six months ended June 30, 2005 as compared to

pro forma three and six months ended June 30, 2004

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


EARNINGS BY SEGMENT	Three months ended June 30, 2005			Pro forma three months ended June 30, 2004
Earnings (loss) from continuing operations before income taxes
Protection	$	205		$	206
Retirement Income and Investments		79			68
Mortgage Insurance		173			163
Corporate and Other		(45	)		(10	)

Earnings (loss) from continuing operations before income taxes	$	412		$	427

Net earnings (loss) from continuing operations
Protection	$	132		$	129
Retirement Income and Investments		60			43
Mortgage Insurance		121			114
Corporate and Other (see reconciliation below)		(28	)		(27	)

Net earnings (loss) from continuing operations	$	285		$	259

Net operating earnings (loss)
Protection	$	132		$	129
Retirement Income and Investments		60			43
Mortgage Insurance		121			114
Corporate and Other (see reconciliation below)		(28	)		(9	)

Net operating earnings (loss)	$	285		$	277


EARNINGS PER COMMON SHARE	As of or for the three months ended June 30, 2005			Pro forma as of or for the three months ended June 30, 2004
Net earnings from continuing operations per common share
Basic	$	0.61		$	0.53

Diluted	$	0.60		$	0.53

Net operating earnings per common share
Basic	$	0.61		$	0.57

Diluted	$	0.60		$	0.57

Weighted-average common shares outstanding
Basic		470.4			489.5

Diluted		477.4			490.1

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


	Three months ended June 30,
	2005			2004
Segment net (loss) earnings	$	(28	)	$	(10	)
Net realized investment gains, net of taxes		—			(5	)
Net tax expense related to initial public offering		—			22

Segment net operating loss	$	(28	)	$	7

Segment net earnings				$	(10	)
Excluded assets and liabilities (a)					(6	)
Reinsurance transactions (b)					(2	)
Capital structure and other (c)					(9	)

Pro forma segment net loss					(27	)
Net realized investment gains, net of taxes					(4	)
Net tax expense related to initial public offering					22

Pro forma segment net operating loss				$	(9	)

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

2Q 2005 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


EARNINGS BY SEGMENT	Six months ended June 30, 2005			Pro forma Six months ended June 30, 2004
Earnings (loss) from continuing operations before income taxes
Protection	$	421		$	398
Retirement Income and Investments		170			114
Mortgage Insurance		376			311
Corporate and Other		(71	)		(21	)

Earnings (loss) from continuing operations before income taxes	$	896		$	802

Net earnings (loss) from continuing operations
Protection	$	271		$	252
Retirement Income and Investments		120			73
Mortgage Insurance		262			217
Corporate and Other (see reconciliation below)		(46	)		(29	)

Net earnings (loss) from continuing operations	$	607		$	513

Net operating earnings (loss)
Protection	$	271		$	252
Retirement Income and Investments		120			73
Mortgage Insurance		262			217
Corporate and Other (see reconciliation below)		(42	)		(21	)

Net operating earnings (loss)	$	611		$	521


EARNINGS PER COMMON SHARE	As of or for the six months ended June 30, 2005			Pro forma as of or for the six months ended June 30, 2004
Net earnings from continuing operations per common share
Basic	$	1.27		$	1.05

Diluted	$	1.25		$	1.05

Net operating earnings per common share
Basic	$	1.27		$	1.06

Diluted	$	1.26		$	1.06

Weighted-average common shares outstanding
Basic		479.6			489.5

Diluted		485.9			490.1

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


	Six months ended June 30,
	2005			2004
Segment net (loss) earnings from continuing operations	$	(46	)	$	(6	)
Net realized investment losses (gains), net of taxes		4			(15	)
Net tax expense related to initial public offering		—			22

Segment net operating (loss) earnings	$	(42	)	$	1

Segment net earnings from continuing operations				$	(6	)
Excluded assets and liabilities (a)					(7	)
Reinsurance transactions (b)					2
Capital structure and other (c)					(18	)

Pro forma segment net loss					(29	)
Net realized investment gains, net of taxes					(14	)
Net tax expense related to initial public offering					22

Pro forma segment net operating loss				$	(21	)

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

2Q 2005 FINANCIAL SUPPLEMENT

Earnings From Continuing Operations

(amounts in millions)


	Three months ended June 30, 2005			Pro forma three months ended June 30, 2004
REVENUES:
Premiums	$	1,614		$	1,640
Net investment income		842			797
Net realized investment gains		—			6
Policy fees and other income		154			144

Total revenues		2,610			2,587

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,051			1,097
Interest credited		347			324
Underwriting, acquisition and insurance expenses, net of deferrals		498			451
Amortization of deferred acquisition costs and intangibles		233			229
Interest expense		69			59

Total benefits and expenses		2,198			2,160

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		412			427
Provision for income taxes		127			168
Effective tax rate		30.8	%		39.3	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	285		$	259

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Earnings From Continuing Operations

(amounts in millions)


	Six months ended June 30, 2005			Pro forma six months ended June 30, 2004
REVENUES:
Premiums	$	3,219		$	3,259
Net investment income		1,693			1,550
Net realized investment (losses) gains		(6	)		21
Policy fees and other income		315			293

Total revenues		5,221			5,123

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		2,126			2,177
Interest credited		687			647
Underwriting, acquisition and insurance expenses, net of deferrals		935			879
Amortization of deferred acquisition costs and intangibles		436			498
Interest expense		141			120

Total benefits and expenses		4,325			4,321

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		896			802
Provision for income taxes		289			289
Effective tax rate		32.3	%		36.0	%

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE	$	607		$	513

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Second Quarter Results by Segment

Three and six months ended June 30, 2005 as compared to

pro forma three and six months ended June 30, 2004

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Statement of Earnings by Segment

(amounts in millions)


Three months ended June 30, 2005	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Total
REVENUES:
Premiums	$	1,129	$	241	$	220	$	24		$	1,614
Net investment income		311		432		68		31			842
Net realized investment gains		—		—		—		—			—
Policy fees and other income		77		62		12		3			154

Total revenues		1,517		735		300		58			2,610

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		702		301		39		9			1,051
Interest credited		91		256		—		—			347
Underwriting, acquisition and insurance expenses, net of deferrals		324		66		75		33			498
Amortization of deferred acquisition costs and intangibles		184		32		13		4			233
Interest expense		11		1		—		57			69

Total benefits and expenses		1,312		656		127		103			2,198

EARNINGS (LOSS) BEFORE INCOME TAXES		205		79		173		(45	)		412

Provision for (benefit from) income taxes		73		19		52		(17	)		127

NET EARNINGS (LOSS)		132		60		121		(28	)		285

Net realized investment gains, net of taxes		—		—		—		—			—

NET OPERATING EARNINGS (LOSS)	$	132	$	60	$	121	$	(28	)	$	285


Pro forma three months ended June 30, 2004	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Pro forma total
REVENUES:
Premiums	$	1,098	$	321	$	195	$	26		$	1,640
Net investment income		288		395		61		53			797
Net realized investment gains		—		—		—		6			6
Policy fees and other income		79		53		10		2			144

Total revenues		1,465		769		266		87			2,587

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		691		370		27		9			1,097
Interest credited		90		234		—		—			324
Underwriting, acquisition and insurance expenses, net of deferrals		297		61		65		28			451
Amortization of deferred acquisition costs and intangibles		179		35		11		4			229
Interest expense		2		1		—		56			59

Total benefits and expenses		1,259		701		103		97			2,160

EARNINGS (LOSS) BEFORE CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		206		68		163		(10	)		427

Provision for income taxes		77		25		49		17			168

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		129		43		114		(27	)		259

Net realized investment gains, net of taxes		—		—		—		(4	)		(4	)
Net tax expense related to initial public offering		—		—		—		22			22

NET OPERATING EARNINGS (LOSS)	$	129	$	43	$	114	$	(9	)	$	277

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Statement of Earnings by Segment

(amounts in millions)


Six months ended June 30, 2005	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Total
REVENUES:
Premiums	$	2,257	$	485	$	435	$	42		$	3,219
Net investment income		625		865		137		66			1,693
Net realized investment losses		—		—		—		(6	)		(6	)
Policy fees and other income		165		120		22		8			315

Total revenues		3,047		1,470		594		110			5,221

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,440		609		60		17			2,126
Interest credited		181		506		—		—			687
Underwriting, acquisition and insurance expenses, net of deferrals		641		125		134		35			935
Amortization of deferred acquisition costs and intangibles		344		59		24		9			436
Interest expense		20		1		—		120			141

Total benefits and expenses		2,626		1,300		218		181			4,325

EARNINGS (LOSS) BEFORE INCOME TAXES		421		170		376		(71	)		896

Provision for (benefit from) income taxes		150		50		114		(25	)		289

NET EARNINGS (LOSS)		271		120		262		(46	)		607

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

NET OPERATING EARNINGS (LOSS)	$	271	$	120	$	262	$	(42	)	$	611


Pro forma six months ended June 30, 2004	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Pro forma total
REVENUES:
Premiums	$	2,219	$	598	$	390	$	52		$	3,259
Net investment income		569	$	772	$	121		88			1,550
Net realized investment gains		—		—		—		21			21
Policy fees and other income		166		105		18		4			293

Total revenues		2,954		1,475		529		165			5,123

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,385		708		66		18			2,177
Interest credited		180		467		—		—			647
Underwriting, acquisition and insurance expenses, net of deferrals		581		122		129		47			879
Amortization of deferred acquisition costs and intangibles		405		63		23		7			498
Interest expense		5		1		—		114			120

Total benefits and expenses		2,556		1,361		218		186			4,321

EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		398		114		311		(21	)		802

Provision for income taxes		146		41		94		8			289

NET EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		252		73		217		(29	)		513

Net realized investment gains, net of taxes		—		—		—		(14	)		(14	)
Net tax expense related to initial public offering		—		—		—		22			22

NET OPERATING EARNINGS (LOSS)	$	252	$	73	$	217	$	(21	)	$	521

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


Three months ended June 30, 2005	Life		Long-Term Care		Payment Protection		Group Life and Health		Total
REVENUES:
Premiums	$	193	$	431	$	340	$	165	$	1,129
Net investment income		116		160		24		11		311
Policy fees and other income		65		2		7		3		77

Total revenues		374		593		371		179		1,517

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		165		371		53		113		702
Interest credited		58		32		—		1		91
Underwriting, acquisition and insurance expenses, net of deferrals		28		74		181		41		324
Amortization of deferred acquisition costs and intangibles		26		45		101		12		184
Interest expense		11		—		—		—		11

Total benefits and expenses		288		522		335		167		1,312

EARNINGS BEFORE INCOME TAXES		86		71		36		12		205

Provision for income taxes		31		25		13		4		73

SEGMENT NET EARNINGS	$	55	$	46	$	23	$	8	$	132


Pro forma three months ended June 30, 2004	Life		Long-Term Care		Payment Protection		Group Life and Health		Pro forma total
REVENUES:
Premiums	$	187	$	399	$	359	$	153	$	1,098
Net investment income		109		143		26		10		288
Policy fees and other income		68		1		5		5		79

Total revenues		364		543		390		168		1,465

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		145		374		64		108		691
Interest credited		61		29		—		—		90
Underwriting, acquisition and insurance expenses, net of deferrals		31		62		164		40		297
Amortization of deferred acquisition costs and intangibles		30		11		130		8		179
Interest expense		2		—		—		—		2

Total benefits and expenses		269		476		358		156		1,259

EARNINGS BEFORE INCOME TAXES		95		67		32		12		206

Provision for income taxes		35		24		14		4		77

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

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


Six months ended June 30, 2005	Life		Long-Term Care		Payment Protection		Group Life and Health		Total
REVENUES:
Premiums	$	394	$	839	$	697	$	327	$	2,257
Net investment income		237		316		50		22		625
Policy fees and other income		143		4		11		7		165

Total revenues		774		1,159		758		356		3,047

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		337		759		119		225		1,440
Interest credited		117		63		—		1		181
Underwriting, acquisition and insurance expenses, net of deferrals		62		139		354		86		641
Amortization of deferred acquisition costs and intangibles		46		62		215		21		344
Interest expense		20		—		—		—		20

Total benefits and expenses		582		1,023		688		333		2,626

EARNINGS BEFORE INCOME TAXES		192		136		70		23		421

Provision for income taxes		69		48		25		8		150

SEGMENT NET EARNINGS	$	123	$	88	$	45	$	15	$	271


Pro forma six months ended June 30, 2004	Life		Long-Term Care		Payment Protection		Group Life and Health		Pro forma total
REVENUES:
Premiums	$	377	$	790	$	744	$	308	$	2,219
Net investment income		218		278		52		21		569
Policy fees and other income		143		3		10		10		166

Total revenues		738		1,071		806		339		2,954

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		306		716		145		218		1,385
Interest credited		123		57		—		—		180
Underwriting, acquisition and insurance expenses, net of deferrals		60		135		304		82		581
Amortization of deferred acquisition costs and intangibles		59		35		295		16		405
Interest expense		5		—		—		—		5

Total benefits and expenses		553		943		744		316		2,556

EARNINGS BEFORE INCOME TAXES		185		128		62		23		398

Provision for income taxes		68		46		24		8		146

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

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


Three months ended June 30, 2005	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	241	$	—	$	—	$	241
Net investment income		322		5		105		432
Policy fees and other income		5		57		—		62

Total revenues		568		62		105		735

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		297		4		—		301
Interest credited		166		4		86		256
Underwriting, acquisition and insurance expenses, net of deferrals		31		33		2		66
Amortization of deferred acquisition costs and intangibles		28		4		—		32
Interest expense		1		—		—		1

Total benefits and expenses		523		45		88		656

EARNINGS BEFORE INCOME TAXES		45		17		17		79

Provision for income taxes		10		3		6		19

SEGMENT NET EARNINGS	$	35	$	14	$	11	$	60


Pro forma three months ended June 30, 2004	Spread-Based Retail Products		Fee-Based Products			Spread-Based Institutional Products		Pro forma total
REVENUES:
Premiums	$	321	$	—		$	—	$	321
Net investment income		312		(1	)		84		395
Policy fees and other income		4		49			—		53

Total revenues		637		48			84		769

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		372		(2	)		—		370
Interest credited		167		—			67		234
Underwriting, acquisition and insurance expenses, net of deferrals		33		27			1		61
Amortization of deferred acquisition costs and intangibles		30		5			—		35
Interest expense		—		1			—		1

Total benefits and expenses		602		31			68		701

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		35		17			16		68

Provision for income taxes		13		6			6		25

SEGMENT NET EARNINGS	$	22	$	11		$	10	$	43

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


Six months ended June 30, 2005	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	485	$	—	$	—	$	485
Net investment income		653		9		203		865
Policy fees and other income		8		112		—		120

Total revenues		1,146		121		203		1,470

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		604		5		—		609
Interest credited		331		7		168		506
Underwriting, acquisition and insurance expenses, net of deferrals		61		60		4		125
Amortization of deferred acquisition costs and intangibles		52		7		—		59
Interest expense		1		—		—		1

Total benefits and expenses		1,049		79		172		1,300

EARNINGS BEFORE INCOME TAXES		97		42		31		170

Provision for income taxes		28		11		11		50

SEGMENT NET EARNINGS	$	69	$	31	$	20	$	120


Pro forma six months ended June 30, 2004	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Pro forma total
REVENUES:
Premiums	$	598	$	—	$	—	$	598
Net investment income		608		4		160		772
Policy fees and other income		6		99		—		105

Total revenues		1,212		103		160		1,475

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		705		3		—		708
Interest credited		330		4		133		467
Underwriting, acquisition and insurance expenses, net of deferrals		61		59		2		122
Amortization of deferred acquisition costs and intangibles		56		7		—		63
Interest expense		—		1		—		1

Total benefits and expenses		1,152		74		135		1,361

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		60		29		25		114

Provision for income taxes		22		10		9		41

SEGMENT NET EARNINGS	$	38	$	19	$	16	$	73

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


Three months ended June 30, 2005	U. S.		International		Total
REVENUES:
Premiums	$	113	$	107	$	220
Net investment income		32		36		68
Policy fees and other income		7		5		12

Total revenues		152		148		300

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		25		14		39
Underwriting, acquisition and insurance expenses, net of deferrals		40		35		75
Amortization of deferred acquisition costs and intangibles		7		6		13

Total benefits and expenses		72		55		127

EARNINGS BEFORE INCOME TAXES		80		93		173

Provision for income taxes		19		33		52

SEGMENT NET EARNINGS	$	61	$	60	$	121


Pro forma three months ended June 30, 2004	U. S.		International		Pro forma total
REVENUES:
Premiums	$	116	$	79	$	195
Net investment income		32		29		61
Policy fees and other income		5		5		10

Total revenues		153		113		266

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

Total benefits and expenses		71		32		103

EARNINGS BEFORE INCOME TAXES		82		81		163

Provision for income taxes		19		30		49

SEGMENT NET EARNINGS	$	63	$	51	$	114

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

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


Six months ended June 30, 2005	U. S.		International		Total
REVENUES:
Premiums	$	224	$	211	$	435
Net investment income		63		74		137
Policy fees and other income		14		8		22

Total revenues		301		293		594

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		40		20		60
Underwriting, acquisition and insurance expenses, net of deferrals		74		60		134
Amortization of deferred acquisition costs and intangibles		13		11		24

Total benefits and expenses		127		91		218

EARNINGS BEFORE INCOME TAXES		174		202		376

Provision for income taxes		41		73		114

SEGMENT NET EARNINGS	$	133	$	129	$	262


Pro forma six months ended June 30, 2004	U. S.		International		Pro forma total
REVENUES:
Premiums	$	235	$	155	$	390
Net investment income		63		58		121
Policy fees and other income		9		9		18

Total revenues		307		222		529

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

Total benefits and expenses		148		70		218

EARNINGS BEFORE INCOME TAXES		159		152		311

Provision for income taxes		37		57		94

SEGMENT NET EARNINGS	$	122	$	95	$	217

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

2Q 2005 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—Mortgage Insurance

(dollar amounts in millions)


	As of or for the three months ended June 30,
	2005			2004
Primary Insurance in Force
U.S. Mortgage Insurance	$	104,300		$	116,500
International Mortgage Insurance		210,200			149,800

Total primary insurance in force	$	314,500		$	266,300

Total Risk in Force
U.S. Mortgage Insurance	$	22,900		$	25,200
International Mortgage Insurance (a)		67,800			47,300

Total risk in force	$	90,700		$	72,500

New Insurance Written
U.S. Mortgage Insurance	$	7,200		$	8,100
International Mortgage Insurance		21,400			12,500

Total new insurance written	$	28,600		$	20,600

Net Premiums Written
U.S. Mortgage Insurance	$	111		$	114
International Mortgage Insurance		168			152

Total net premiums written	$	279		$	266

Loss Ratio (b)
U.S. Mortgage Insurance		22	%		18	%
International Mortgage Insurance		13	%		8	%
Total loss ratio		18	%		14	%
Expense Ratio (c)
U.S. Mortgage Insurance		42	%		44	%
International Mortgage Insurance		24	%		17	%
Total expense ratio		32	%		29	%

(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 June 30, 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

2Q 2005 FINANCIAL SUPPLEMENT

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

(dollar amounts in millions)


	As of or for the three months ended June 30,
	2005			2004
*New Risk Written*
Flow	$	1,713		$	1,635
Bulk		19			19

Total	$	1,732		$	1,654

*Risk in Force*
Flow	$	21,848		$	23,978
Bulk		369			350

Total Primary		22,217			24,328
Pool		643			867

Total	$	22,860		$	25,195

*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		95	%		89	%
Bulk by FICO Scores 575-619		3	%		6	%
Bulk by FICO Scores <575		2	%		5	%

Primary A minus and sub-prime		9.9	%		9.6	%

*Primary Loans*
Primary total loans in force		786,959			897,204
Primary total loans in default		23,613			27,971
Primary loans total default rate		3.0	%		3.1	%

Flow loans in default		22,392			25,995
Flow loans default rate		3.3	%		3.3	%

Bulk loans in default		1,221			1,976
Bulk loans default rate		1.1	%		1.7	%

A minus and sub-prime loans in default		5,930			6,543
A minus and sub-prime loans default rate		8.9	%		8.9	%

*Pool Loans*
Pool loans in default		597			916
Pool loans default rate		2.8	%		3.0	%

*Claims Paid*
Primary Claims Paid (includes LAE)		37.9			38.3
Pool Claims Paid (includes LAE)		0.2			0.1
Primary Average Claim Severity		95	%		94	%

*Other Measures*
Flow Persistency (a)		63	%		58	%
Gross written premiums ceded to captives/total gross written premiums		24	%		24	%

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

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


Three months ended June 30, 2005	Total
REVENUES:
Premiums	$	24
Net investment income		31
Net realized investment gains		—
Policy fees and other income		3

Total revenues		58

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		9
Underwriting, acquisition and insurance expenses, net of deferrals		33
Amortization of deferred acquisition costs and intangibles		4
Interest expense		57

Total benefits and expenses		103

LOSS BEFORE INCOME TAXES		(45	)

Benefit from income taxes		(17	)

SEGMENT NET LOSS		(28	)

Net realized investment gains, net of taxes		—


NET OPERATING LOSS	$	(28	)


Pro forma three months ended June 30, 2004	Pro forma total
REVENUES:
Premiums	$	26
Net investment income		53
Net realized investment gains		6
Policy fees and other income		2

Total revenues		87

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

Total benefits and expenses		97

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(10	)

Provision for income taxes		17

SEGMENT NET LOSS		(27	)

Net realized investment gains, net of taxes		(4	)
Net tax expense related to initial public offering		22

NET OPERATING LOSS	$	(9	)

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


Six months ended June 30, 2005	Total
REVENUES:
Premiums	$	42
Net investment income		66
Net realized investment losses		(6	)
Policy fees and other income		8

Total revenues		110

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		17
Underwriting, acquisition and insurance expenses, net of deferrals		35
Amortization of deferred acquisition costs and intangibles		9
Interest expense		120

Total benefits and expenses		181

LOSS BEFORE INCOME TAXES		(71	)

Benefit from income taxes		(25	)

SEGMENT NET LOSS		(46	)

Net realized investment losses, net of taxes		4


NET OPERATING LOSS	$	(42	)


Pro forma six months ended June 30, 2004	Pro forma total
REVENUES:
Premiums	$	52
Net investment income		88
Net realized investment gains		21
Policy fees and other income		4

Total revenues		165

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

Total benefits and expenses		186

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(21	)

Provision for income taxes		8

SEGMENT NET LOSS		(29	)

Net realized investment gains, net of taxes		(14	)
Net tax expense related to initial public offering		22

NET OPERATING LOSS	$	(21	)

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Net Earnings

(amounts in millions)


															PRO FORMA
	2005								2004
	Q2		Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	1,614	$	1,605		$	3,219		$	1,606		$	1,523		$	1,640		$	1,619		$	6,388
Net investment income		842		851			1,693			825			785			797			753			3,160
Net realized investment (losses) gains		—		(6	)		(6	)		(1	)		3			6			15			23
Policy fees and other income		154		161			315			212			159			144			149			664

Total revenues		2,610		2,611			5,221			2,642			2,470			2,587			2,536			10,235

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,051		1,075			2,126			1,129			1,034			1,097			1,080			4,340
Interest credited		347		340			687			344			328			324			323			1,319
Underwriting, acquisition and insurance expenses, net of deferrals		498		437			935			457			411			451			428			1,747
Amortization of deferred acquisition costs and intangibles		233		203			436			234			230			229			269			962
Interest expense		69		72			141			63			60			59			61			243

Total benefits and expenses		2,198		2,127			4,325			2,227			2,063			2,160			2,161			8,611

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		412		484			896			415			407			427			375			1,624

Provision for income taxes		127		162			289			69			136			168			121			494

NET EARNINGS FROM CONTINUING OPERATIONS		285		322			607			346			271			259			254			1,130

Net realized investment losses (gains), net of taxes		—		4			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	$	285	$	326		$	611		$	254		$	269		$	277		$	244		$	1,044

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


											PRO FORMA
	2005						2004
	Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,129	$	1,128	$	2,257	$	1,094	$	1,085	$	1,098	$	1,121	$	4,398
Net investment income		311		314		625		311		298		288		281		1,178
Policy fees and other income		77		88		165		102		91		79		87		359

Total revenues		1,517		1,530		3,047		1,507		1,474		1,465		1,489		5,935

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		702		738		1,440		705		698		691		694		2,788
Interest credited		91		90		181		91		91		90		90		362
Underwriting, acquisition and insurance expenses, net of deferrals (a)		324		317		641		307		279		297		284		1,167
Amortization of deferred acquisition costs and intangibles (a)		184		160		344		180		186		179		226		771
Interest expense		11		9		20		6		4		2		3		15

Total benefits and expenses		1,312		1,314		2,626		1,289		1,258		1,259		1,297		5,103

EARNINGS BEFORE INCOME TAXES		205		216		421		218		216		206		192		832

Provision for income taxes		73		77		150		78		81		77		69		305

SEGMENT NET EARNINGS	$	132	$	139	$	271	$	140	$	135	$	129	$	123	$	527

(a)

During the second quarter of 2005, we reclassified amounts for our Payment Protection business to conform our policy regarding non-deferral of acquisition expenses associated with monthly business. Previously, for monthly payment protection business in certain regions, we deferred acquisition expenses and amortized those expenses in the same month. All periods have been reclassified for comparability purposes. There was no impact to segment net earnings for this reclassification.

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


											PRO FORMA
	2005						2004
	Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	241	$	244	$	485	$	277	$	219	$	321	$	277	$	1,094
Net investment income		432		433		865		417		393		395		377		1,582
Policy fees and other income		62		58		120		58		52		53		52		215

Total revenues		735		735		1,470		752		664		769		706		2,891

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		301		308		609		363		281		370		338		1,352
Interest credited		256		250		506		253		237		234		233		957
Underwriting, acquisition and insurance expenses, net of deferrals		66		59		125		48		59		61		61		229
Amortization of deferred acquisition costs and intangibles		32		27		59		34		25		35		28		122
Interest expense		1		—		1		—		—		1		—		1

Total benefits and expenses		656		644		1,300		698		602		701		660		2,661

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		79		91		170		54		62		68		46		230

Provision for income taxes		19		31		50		19		22		25		16		82

SEGMENT NET EARNINGS	$	60	$	60	$	120	$	35	$	40	$	43	$	30	$	148

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


											PRO FORMA
	2005						2004
	Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	220	$	215	$	435	$	213	$	197	$	195	$	195	$	800
Net investment income		68		69		137		68		65		61		60		254
Policy fees and other income		12		10		22		8		10		10		8		36

Total revenues		300		294		594		289		272		266		263		1,090

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39		21		60		53		46		27		39		165
Underwriting, acquisition and insurance expenses, net of deferrals		75		59		134		69		64		65		64		262
Amortization of deferred acquisition costs and intangibles		13		11		24		16		12		11		12		51

Total benefits and expenses		127		91		218		138		122		103		115		478

EARNINGS BEFORE INCOME TAXES		173		203		376		151		150		163		148		612

Provision for income taxes		52		62		114		44		48		49		45		186

SEGMENT NET EARNINGS	$	121	$	141	$	262	$	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

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


																PRO FORMA
	2005									2004
	Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	24		$	18		$	42		$	22		$	22		$	26		$	26		$	96
Net investment income		31			35			66			29			29			53			35			146
Net realized investment (losses) gains		—			(6	)		(6	)		(1	)		3			6			15			23
Policy fees and other income		3			5			8			44			6			2			2			54

Total Revenue		58			52			110			94			60			87			78			319

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		9			8			17			8			9			9			9			35
Underwriting, acquisition and insurance expenses, net of deferrals		33			2			35			33			9			28			19			89
Amortization of deferred acquisition costs and intangibles		4			5			9			4			7			4			3			18
Interest expense		57			63			120			57			56			56			58			227

Total benefits and expenses		103			78			181			102			81			97			89			369

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(45	)		(26	)		(71	)		(8	)		(21	)		(10	)		(11	)		(50	)

(Benefit from) provision for income taxes		(17	)		(8	)		(25	)		(72	)		(15	)		17			(9	)		(79	)

SEGMENT NET (LOSS) EARNINGS		(28	)		(18	)		(46	)		64			(6	)		(27	)		(2	)		29

Net realized investment losses (gains), net of taxes		—			4			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	$	(28	)	$	(14	)	$	(42	)	$	(28	)	$	(8	)	$	(9	)	$	(12	)	$	(57	)

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Second Quarter Results by Segment

Three and six months ended June 30, 2005 as compared to

three and six months ended June 30, 2004

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Statement of Earnings by Segment

(amounts in millions)


Three months ended June 30, 2005		Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Affinity		Total
REVENUES:
Premiums	$	1,129	$	241	$	220	$	24		$	—	$	1,614
Net investment income		311		432		68		31			—		842
Net realized investment gains		—		—		—		—			—		—
Policy fees and other income		77		62		12		3			—		154

Total revenues		1,517		735		300		58			—		2,610

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		702		301		39		9			—		1,051
Interest credited		91		256		—		—			—		347
Underwriting, acquisition and insurance expenses, net of deferrals		324		66		75		33			—		498
Amortization of deferred acquisition costs and intangibles		184		32		13		4			—		233
Interest expense		11		1		—		57			—		69

Total benefits and expenses		1,312		656		127		103			—		2,198

EARNINGS (LOSS) BEFORE INCOME TAXES		205		79		173		(45	)		—		412

Provision for (benefit from) income taxes		73		19		52		(17	)		—		127

NET EARNINGS (LOSS)	$	132	$	60	$	121	$	(28	)	$	—	$	285


Three months ended June 30, 2004	Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Affinity			Total
REVENUES:
Premiums	$	1,132	$	321	$	195	$	26		$	34		$	1,708
Net investment income		306		569		61		57			8			1,001
Net realized investment gains		—		—		—		8			—			8
Policyholder fees and other income		79		76		10		2			37			204

Total Revenue		1,517		966		266		93			79			2,921

BENEFITS AND EXPENSES:
Benefits and changes in policy reserves		727		495		27		10			31			1,290
Interest credited		90		274		—		—			—			364
Underwriting, acquisition and insurance expenses, net of deferrals		307		68		65		22			49			511
Amortization of deferred acquisition costs and intangibles		184		54		11		3			18			270
Interest expense		2		1		—		44			—			47

Total benefits and expenses		1,310		892		103		79			98			2,482

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

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

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

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Statement of Earnings by Segment

(amounts in millions)


Six months ended June 30, 2005		Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Affinity		Total
REVENUES:
Premiums	$	2,257	$	485	$	435	$	42		$	—	$	3,219
Net investment income		625		865		137		66			—		1,693
Net realized investment losses		—		—		—		(6	)		—		(6	)
Policy fees and other income		165		120		22		8			—		315

Total revenues		3,047		1,470		594		110			—		5,221

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,440		609		60		17			—		2,126
Interest credited		181		506		—		—			—		687
Underwriting, acquisition and insurance expenses, net of deferrals		641		125		134		35			—		935
Amortization of deferred acquisition costs and intangibles		344		59		24		9			—		436
Interest expense		20		1		—		120			—		141

Total benefits and expenses		2,626		1,300		218		181			—		4,325

EARNINGS (LOSS) BEFORE INCOME TAXES		421		170		376		(71	)		—		896

Provision for (benefit from) income taxes		150		50		114		(25	)		—		289

NET EARNINGS (LOSS)	$	271	$	120	$	262	$	(46	)	$	—	$	607


Six months ended June 30, 2004		Protection		Retirement Income and Investments		Mortgage Insurance		Corporate and Other			Affinity			Total
REVENUES:
Premiums	$	2,302	$	598	$	390	$	52		$	88		$	3,430
Net investment income		615		1,186		121		90			26			2,038
Net realized investment gains		—		—		—		24			—			24
Policyholder fees and other income		166		161		18		4			104			453

Total Revenue		3,083		1,945		529		170			218			5,945

BENEFITS AND EXPENSES:
Benefits and changes in policy reserves		1,487		989		66		19			80			2,641
Interest credited		180		580		—		—			—			760
Underwriting, acquisition and insurance expenses, net of deferrals		598		143		129		41			123			1,034
Amortization of deferred acquisition costs and intangibles		413		111		23		6			47			600
Interest expense		5		1		—		88			—			94

Total benefits and expenses		2,683		1,824		218		154			250			5,129

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

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

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

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


Three months ended June 30, 2005	Life		Long-Term Care		Payment Protection		Group Life and Health		Total
REVENUES:
Premiums	$	193	$	431	$	340	$	165	$	1,129
Net investment income		116		160		24		11		311
Policy fees and other income		65		2		7		3		77

Total revenues		374		593		371		179		1,517

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		165		371		53		113		702
Interest credited		58		32		—		1		91
Underwriting, acquisition and insurance expenses, net of deferrals		28		74		181		41		324
Amortization of deferred acquisition costs and intangibles		26		45		101		12		184
Interest expense		11		—		—		—		11

Total benefits and expenses		288		522		335		167		1,312

EARNINGS BEFORE INCOME TAXES		86		71		36		12		205

Provision for income taxes		31		25		13		4		73

SEGMENT NET EARNINGS	$	55	$	46	$	23	$	8	$	132


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

Total revenues		364		595		390		168		1,517

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		145		410		64		108		727
Interest credited		61		29		—		—		90
Underwriting, acquisition and insurance expenses, net of deferrals		31		72		164		40		307
Amortization of deferred acquisition costs and intangibles		30		16		130		8		184
Interest expense		2		—		—		—		2

Total benefits and expenses		269		527		358		156		1,310

EARNINGS BEFORE INCOME TAXES		95		68		32		12		207

Provision for income taxes		35		25		14		4		78

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

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


Six months ended June 30, 2005		Life		Long-Term Care		Payment Protection		Group Life and Health		Total
REVENUES:
Premiums	$	394	$	839	$	697	$	327	$	2,257
Net investment income		237		316		50		22		625
Policy fees and other income		143		4		11		7		165

Total revenues		774		1,159		758		356		3,047

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		337		759		119		225		1,440
Interest credited		117		63		—		1		181
Underwriting, acquisition and insurance expenses, net of deferrals		62		139		354		86		641
Amortization of deferred acquisition costs and intangibles		46		62		215		21		344
Interest expense		20		—		—		—		20

Total benefits and expenses		582		1,023		688		333		2,626

EARNINGS BEFORE INCOME TAXES		192		136		70		23		421

Provision for income taxes		69		48		25		8		150

SEGMENT NET EARNINGS	$	123	$	88	$	45	$	15	$	271


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

Total revenues		738		1,200		806		339		3,083

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		306		818		145		218		1,487
Interest credited		123		57		—		—		180
Underwriting, acquisition and insurance expenses, net of deferrals		60		152		304		82		598
Amortization of deferred acquisition costs and intangibles		59		43		295		16		413
Interest expense		5		—		—		—		5

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

EARNINGS BEFORE INCOME TAXES		185		130		62		23		400

Provision for income taxes		68		47		24		8		147

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

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


Three months ended June 30, 2005	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	241	$	—	$	—	$	241
Net investment income		322		5		105		432
Policy fees and other income		5		57		—		62

Total revenues		568		62		105		735

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		297		4		—		301
Interest credited		166		4		86		256
Underwriting, acquisition and insurance expenses, net of deferrals		31		33		2		66
Amortization of deferred acquisition costs and intangibles		28		4		—		32
Interest expense		1		—		—		1

Total benefits and expenses		523		45		88		656

EARNINGS BEFORE INCOME TAXES		45		17		17		79

Provision for income taxes		10		3		6		19

SEGMENT NET EARNINGS	$	35	$	14	$	11	$	60


Three months ended June 30, 2004	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	321	$	—	$	—	$	321
Net investment income		461		24		84		569
Policy fees and other income		4		72		—		76

Total revenues		786		96		84		966

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		486		9		—		495
Interest credited		198		9		67		274
Underwriting, acquisition and insurance expenses, net of deferrals		34		33		1		68
Amortization of deferred acquisition costs and intangibles		31		23		—		54
Interest expense		—		1		—		1

Total benefits and expenses		749		75		68		892

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		37		21		16		74

Provision for income taxes		13		8		6		27

SEGMENT NET EARNINGS	$	24	$	13	$	10	$	47

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


Six months ended June 30, 2005	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	485	$	—	$	—	$	485
Net investment income		653		9		203		865
Policy fees and other income		8		112		—		120

Total revenues		1,146		121		203		1,470

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		604		5		—		609
Interest credited		331		7		168		506
Underwriting, acquisition and insurance expenses, net of deferrals		61		60		4		125
Amortization of deferred acquisition costs and intangibles		52		7		—		59
Interest expense		1		—		—		1

Total benefits and expenses		1,049		79		172		1,300

EARNINGS BEFORE INCOME TAXES		97		42		31		170

Provision for income taxes		28		11		11		50

SEGMENT NET EARNINGS	$	69	$	31	$	20	$	120


Six months ended June 30, 2004	Spread-Based Retail Products		Fee-Based Products		Spread-Based Institutional Products		Total
REVENUES:
Premiums	$	598	$	—	$	—	$	598
Net investment income		973		53		160		1,186
Policy fees and other income		6		155		—		161

Total revenues		1,577		208		160		1,945

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		973		16		—		989
Interest credited		411		36		133		580
Underwriting, acquisition and insurance expenses, net of deferrals		64		77		2		143
Amortization of deferred acquisition costs and intangibles		58		53		—		111
Interest expense		—		1		—		1

Total benefits and expenses		1,506		183		135		1,824

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		71		25		25		121

Provision for income taxes		25		9		9		43

SEGMENT NET EARNINGS	$	46	$	16	$	16	$	78

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Assets Under Management—Retirement Income and Investments

(amounts in millions)


	Three months ended June 30,
	2005			2004
*Spread-Based Retail Products*
Fixed Annuities
Account value, net of reinsurance, beginning of period^(a)	$	15,214		$	14,304
Deposits		699			485
Interest credited		150			150
Surrenders, benefits and product charges		(523	)		(356	)

Account value, net of reinsurance, end of period	$	15,540		$	14,583

Single Premium Income Annuities
Account value, net of reinsurance, beginning of period^(a)	$	5,415		$	5,098
Premiums and deposits		215			207
Interest credited		80			76
Surrenders, benefits and product charges		(222	)		(202	)

Account value, net of reinsurance, end of period	$	5,488		$	5,179

Structured Settlements
Account value, net of reinsurance, beginning of period^(a)	$	653		$	134
Premiums and deposits		116			206
Interest credited		11			7
Surrenders, benefits and product charges		(15	)		(11	)

Account value, net of reinsurance, end of period	$	765		$	336

Total Spread-Based Retail Products, net of reinsurance	$	21,793		$	20,098

*Spread-Based Institutional Products*
GICs and Funding Agreements
Account value, net of reinsurance, beginning of period^(a)	$	9,408		$	9,461
Deposits		871			649
Interest credited		86			67
Surrenders and benefits		(1,203	)		(792	)

Account value, end of period	$	9,162		$	9,385

Total Spread-Based Products Assets Under Management	$	30,955		$	29,483

*Fee-Based Products*
Variable Annuities
Account value, net of reinsurance, beginning of period^(a)	$	1,287		$	452
Deposits		237			227
Interest credited and investment performance		37			5
Surrenders, benefits and product charges		(25	)		(9	)

Account value, net of reinsurance, end of period	$	1,536		$	675

Variable Life Insurance
Account value, beginning of the period	$	335		$	321
Deposits		11			11
Interest credited and investment performance		11			4
Surrenders, benefits and product charges		(10	)		(14	)

Account value, end of period	$	347		$	322

Third Party Assets
Private Asset Management
Account value, beginning of the period	$	2,753		$	2,497
Deposits		224			170
Interest credited and investment performance		44			(36	)
Surrenders, benefits and product charges		(114	)		(148	)

Account value, end of period	$	2,907		$	2,483

Personal Advisor Network
Account value, beginning of the period	$	1,293		$	866
Deposits		135			100
Interest credited and investment performance		14			(5	)
Surrenders, benefits and product charges		(14	)		(13	)

Account value, end of period	$	1,428		$	948

Total Third Party Assets	$	4,335		$	3,431

Total Fee-Based Products Assets Under Management	$	6,218		$	4,428

Assets Under Management, net of reinsurance	$	37,173		$	33,911

Reinsured products
Account value, beginning of period^(a)	$	21,789		$	22,644
Deposits		32			67
Interest credited and investment performance		433			345
Surrenders, benefits and product charges		(712	)		(757	)

Account value, end of period	$	21,542		$	22,299

(a)	Assumes all reinsurance transactions were effective as of the beginning of the periods presented

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Assets Under Management by Contract Type—Retirement Income and Investments

(amounts in millions)


	2005				2004
	Q2		Q1		Q4		Q3		Q2		Q1
*Spread-Based Institutional Products*
Guaranteed investment contracts (GICs)	$	3,264	$	3,302	$	3,352	$	3,412	$	3,517	$	3,474
Funding agreements backing notes		3,172		3,381		3,405		2,992		2,844		2,963
Funding agreements		2,726		2,725		2,784		2,925		3,024		3,024

	$	9,162	$	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		1,108		1,308		1,518		1,610		1,660		1,960
180 day		350		150		100		—		—		—
No put		985		1,010		900		850		850		500
13 month rolling maturity		275		250		250		250		200		100
Accrued interest		8		7		16		15		14		14

Total funding agreements	$	2,726	$	2,725	$	2,784	$	2,925	$	3,024	$	3,024

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


Three months ended June 30, 2005	U. S.		International		Total
REVENUES:
Premiums	$	113	$	107	$	220
Net investment income		32		36		68
Policy fees and other income		7		5		12

Total revenues		152		148		300

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		25		14		39
Underwriting, acquisition and insurance expenses, net of deferrals		40		35		75
Amortization of deferred acquisition costs and intangibles		7		6		13

Total benefits and expenses		72		55		127

EARNINGS BEFORE INCOME TAXES		80		93		173

Provision for income taxes		19		33		52

SEGMENT NET EARNINGS	$	61	$	60	$	121


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

Total revenues		153		113		266

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

Total benefits and expenses		71		32		103

EARNINGS BEFORE INCOME TAXES		82		81		163

Provision for income taxes		19		30		49

SEGMENT NET EARNINGS	$	63	$	51	$	114

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


Six months ended June 30, 2005	U. S.		International		Total
REVENUES:
Premiums	$	224	$	211	$	435
Net investment income		63		74		137
Policy fees and other income		14		8		22

Total revenues		301		293		594

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		40		20		60
Underwriting, acquisition and insurance expenses, net of deferrals		74		60		134
Amortization of deferred acquisition costs and intangibles		13		11		24

Total benefits and expenses		127		91		218

EARNINGS BEFORE INCOME TAXES		174		202		376

Provision for income taxes		41		73		114

SEGMENT NET EARNINGS	$	133	$	129	$	262


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

Total revenues		307		222		529

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

Total benefits and expenses		148		70		218

EARNINGS BEFORE INCOME TAXES		159		152		311

Provision for income taxes		37		57		94

SEGMENT NET EARNINGS	$	122	$	95	$	217

Segment Net Operating Earnings is equivalent to Segment Net Earnings.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


Three months ended June 30, 2005	Total
REVENUES:
Premiums	$	24
Net investment income		31
Net realized investment gains		—
Policy fees and other income		3

Total revenues		58

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		9
Underwriting, acquisition and insurance expenses, net of deferrals		33
Amortization of deferred acquisition costs and intangibles		4
Interest expense		57

Total benefits and expenses		103

LOSS BEFORE INCOME TAXES		(45	)

Benefit from income taxes		(17	)

SEGMENT NET LOSS	$	(28	)


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

Total revenues		93

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

Total benefits and expenses		79

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		14

Provision for income taxes		24

SEGMENT NET LOSS	$	(10	)

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


Six months ended June 30, 2005	Total
REVENUES:
Premiums	$	42
Net investment income		66
Net realized investment losses		(6	)
Policy fees and other income		8

Total revenues		110

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		17
Underwriting, acquisition and insurance expenses, net of deferrals		35
Amortization of deferred acquisition costs and intangibles		9
Interest expense		120

Total benefits and expenses		181

LOSS BEFORE INCOME TAXES		(71	)

Benefit from income taxes		(25	)

SEGMENT NET LOSS	$	(46	)


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

Total revenues		170

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

Total benefits and expenses		154

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		16

Provision for income taxes		22

SEGMENT NET LOSS	$	(6	)

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Net Earnings

(amounts in millions)


	2005								2004
	Q2		Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	1,614	$	1,605		$	3,219		$	1,606		$	1,523		$	1,708		$	1,722		$	6,559
Net investment income		842		851			1,693			825			785			1,001			1,037			3,648
Net realized investment (losses) gains		—		(6	)		(6	)		(1	)		3			8			16			26
Policy fees and other income		154		161			315			212			159			204			249			824

Total revenues		2,610		2,611			5,221			2,642			2,470			2,921			3,024			11,057

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,051		1,075			2,126			1,129			1,034			1,290			1,351			4,804
Interest credited		347		340			687			344			328			364			396			1,432
Underwriting, acquisition and insurance expenses, net of deferrals		498		437			935			457			411			511			523			1,902
Amortization of deferred acquisition costs and intangibles		233		203			436			234			230			270			330			1,064
Interest expense		69		72			141			63			60			47			47			217

Total benefits and expenses		2,198		2,127			4,325			2,227			2,063			2,482			2,647			9,419

EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		412		484			896			415			407			439			377			1,638

Provision for income taxes		127		162			289			69			136			171			117			493

NET EARNINGS FROM CONTINUING OPERATIONS BEFORE ACCOUNTING CHANGE		285		322			607			346			271			268			260			1,145

Net realized investment losses (gains), net of taxes		—		4			4			1			(2	)		(5	)		(10	)		(16	)
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	$	285	$	326		$	611		$	254		$	269		$	285		$	250		$	1,058

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Protection

(amounts in millions)


	2005						2004
	Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	1,129	$	1,128	$	2,257	$	1,094	$	1,085	$	1,132	$	1,170	$	4,481
Net investment income		311		314		625		311		298		306		309		1,224
Policy fees and other income		77		88		165		102		91		79		87		359

Total Revenues		1,517		1,530		3,047		1,507		1,474		1,517		1,566		6,064

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		702		738		1,440		705		698		727		760		2,890
Interest credited		91		90		181		91		91		90		90		362
Underwriting, acquisition and insurance expenses, net of deferrals (a)		324		317		641		307		279		307		291		1,184
Amortization of deferred acquisition costs and intangibles (a)		184		160		344		180		186		184		229		779
Interest expense		11		9		20		6		4		2		3		15

Total benefits and expenses		1,312		1,314		2,626		1,289		1,258		1,310		1,373		5,230

EARNINGS BEFORE INCOME TAXES		205		216		421		218		216		207		193		834

Provision for income taxes		73		77		150		78		81		78		69		306

SEGMENT NET EARNINGS	$	132	$	139	$	271	$	140	$	135	$	129	$	124	$	528

(a)

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Retirement Income and Investments

(amounts in millions)


	2005						2004
	Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	241	$	244	$	485	$	277	$	219	$	321	$	277	$	1,094
Net investment income		432		433		865		417		393		569		617		1,996
Policy fees and other income		62		58		120		58		52		76		85		271

Total revenues		735		735		1,470		752		664		966		979		3,361

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		301		308		609		363		281		495		494		1,633
Interest credited		256		250		506		253		237		274		306		1,070
Underwriting, acquisition and insurance expenses, net of deferrals		66		59		125		48		59		68		75		250
Amortization of deferred acquisition costs and intangibles		32		27		59		34		25		54		57		170
Interest expense		1		—		1		—		—		1		—		1

Total benefits and expenses		656		644		1,300		698		602		892		932		3,124

EARNINGS BEFORE INCOME TAXES AND ACCOUNTING CHANGE		79		91		170		54		62		74		47		237

Provision for income taxes		19		31		50		19		22		27		16		84

SEGMENT NET EARNINGS	$	60	$	60	$	120	$	35	$	40	$	47	$	31	$	153

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Mortgage Insurance

(amounts in millions)


	2005						2004
	Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
REVENUES:
Premiums	$	220	$	215	$	435	$	213	$	197	$	195	$	195	$	800
Net investment income		68		69		137		68		65		61		60		254
Policy fees and other income		12		10		22		8		10		10		8		36

Total revenues		300		294		594		289		272		266		263		1,090

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39		21		60		53		46		27		39		165
Underwriting, acquisition and insurance expenses, net of deferrals		75		59		134		69		64		65		64		262
Amortization of deferred acquisition costs and intangibles		13		11		24		16		12		11		12		51

Total benefits and expenses		127		91		218		138		122		103		115		478

EARNINGS BEFORE INCOME TAXES		173		203		376		151		150		163		148		612

Provision for income taxes		52		62		114		44		48		49		45		186

SEGMENT NET EARNINGS	$	121	$	141	$	262	$	107	$	102	$	114	$	103	$	426

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Corporate and Other

(amounts in millions)


	2005									2004
	Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	24		$	18		$	42		$	22		$	22		$	26		$	26		$	96
Net investment income		31			35			66			29			29			57			33			148
Net realized investment (losses) gains		—			(6	)		(6	)		(1	)		3			8			16			26
Policy fees and other income		3			5			8			44			6			2			2			54

Total revenues		58			52			110			94			60			93			77			324

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		9			8			17			8			9			10			9			36
Underwriting, acquisition and insurance expenses, net of deferrals		33			2			35			33			9			22			19			83
Amortization of deferred acquisition costs and intangibles		4			5			9			4			7			3			3			17
Interest expense		57			63			120			57			56			44			44			201

Total benefits and expenses		103			78			181			102			81			79			75			337

(LOSS) EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(45	)		(26	)		(71	)		(8	)		(21	)		14			2			(13	)

(Benefit from) provision for income taxes		(17	)		(8	)		(25	)		(72	)		(15	)		24			(2	)		(65	)

SEGMENT NET (LOSS) EARNINGS		(28	)		(18	)		(46	)		64			(6	)		(10	)		4			52

Net realized investment losses (gains), net of taxes		—			4			4			1			(2	)		(5	)		(10	)		(16	)
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) EARNINGS	$	(28	)	$	(14	)	$	(42	)	$	(28	)	$	(8	)	$	7		$	(6	)	$	(35	)

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Net Earnings—Affinity

(amounts in millions)


	2005						2004
	Q2		Q1		Total		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

2Q 2005 FINANCIAL SUPPLEMENT

STATISTICAL DATA

GENWORTH FINANCIAL

2Q 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 March 31, 2005	$	5,290		$	4,388		$	778		$	119		$	5
Costs Deferred		294			214			64			14			2
Amortization		(203	)		(161	)		(30	)		(10	)		(2	)
Impact of foreign currency translation		(57	)		(55	)		—			(2	)		—

Unamortized balance as of June 30, 2005		5,324			4,386			812			121			5
Accumulated effect of net unrealized investment gains		(159	)		(20	)		(139	)		—			—

Balance as of June 30, 2005	$	5,165		$	4,366		$	673		$	121		$	5

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Investments Summary

(amounts in millions)


		June 30, 2005				March 31, 2005				December 31, 2004				September 30, 2004				June 30, 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		$	40,813	60	%	$	40,644	61	%	$	40,150	60	%	$	39,210	59	%	$	36,703	59	%
Private			12,606	19	%		11,997	18	%		12,274	18	%		11,619	18	%		11,298	18	%
Equity securities, available-for-sale
Common stocks and mutual funds			50	0	%		52	0	%		82	0	%		75	0	%		82	0	%
Preferred stocks			137	0	%		132	0	%		125	0	%		126	0	%		119	0	%
Investment in special purpose entities			172	0	%		171	1	%		167	1	%		159	1	%		151	1	%
Commercial mortgage and other loans			6,859	10	%		6,279	9	%		6,051	9	%		5,877	9	%		5,800	9	%
Policy loans			1,233	2	%		1,232	2	%		1,224	2	%		1,215	2	%		1,108	2	%
Restricted investments held by securitization entities			781	1	%		815	1	%		860	1	%		925	1	%		956	1	%
Cash, cash equivalents and short-term investments			1,545	2	%		1,526	2	%		2,210	3	%		2,667	4	%		2,240	4	%
Other invested assets			3,669	6	%		3,823	6	%		3,996	6	%		4,299	6	%		3,558	6	%

Total invested assets and cash		$	67,865	100	%	$	66,671	100	%	$	67,139	100	%	$	66,172	100	%	$	62,015	100	%


		June 30, 2005				March 31, 2005				December 31, 2004				September 30, 2004				June 30, 2004
Public Fixed Maturities—Credit Quality:		Carrying Amount		% 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	$	29,191	72	%	$	29,107	72	%	$	28,635	71	%	$	27,877	71	%	$	26,053	71	%
2	Baa		9,447	23	%		9,472	23	%		9,344	23	%		9,320	24	%		8,758	24	%
3	Ba		1,529	4	%		1,439	4	%		1,415	4	%		1,329	4	%		1,189	3	%
4	B		465	1	%		474	1	%		651	2	%		567	1	%		571	2	%
5	Caa and lower		119	0	%		91	0	%		63	0	%		59	0	%		94	0	%
6	In or near default		26	0	%		26	0	%		15	0	%		21	0	%		21	0	%
Not rated	Not rated		36	0	%		35	0	%		27	0	%		37	0	%		17	0	%

	Total public fixed maturities	$	40,813	100	%	$	40,644	100	%	$	40,150	100	%	$	39,210	100	%	$	36,703	100	%


Private Fixed Maturities—Credit Quality:
NAIC Designation	Rating Agency Equivalent Designation
1	Aaa/Aa/A	$	6,907	56	%	$	6,350	53	%	$	6,501	53	%	$	6,024	52	%	$	5,853	52	%
2	Baa		4,818	38	%		4,743	40	%		4,768	39	%		4,605	40	%		4,476	40	%
3	Ba		550	4	%		543	5	%		605	5	%		597	5	%		628	5	%
4	B		217	2	%		175	1	%		202	2	%		191	2	%		123	1	%
5	Caa and lower		39	0	%		46	0	%		103	1	%		106	1	%		101	1	%
6	In or near default		55	0	%		37	0	%		43	0	%		74	0	%		92	1	%
Not rated	Not rated		20	0	%		103	1	%		52	0	%		22	0	%		25	0	%

	Total private fixed maturities	$	12,606	100	%	$	11,997	100	%	$	12,274	100	%	$	11,619	100	%	$	11,298	100	%

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Fixed Maturities Summary

(amounts in millions)


	June 30, 2005				March 31, 2005				December 31, 2004				September 30, 2004				June 30, 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 & government sponsored entities	$	731	1	%	$	493	1	%	$	572	1	%	$	569	1	%	$	614	1	%
Tax exempt		2,995	6	%		3,016	6	%		3,030	6	%		3,267	6	%		3,140	7	%
Foreign government		1,887	3	%		1,808	3	%		1,744	3	%		1,453	3	%		1,462	3	%
U.S. corporate		27,058	51	%		26,623	51	%		27,101	52	%		26,513	52	%		25,505	54	%
Foreign corporate		8,776	16	%		8,651	16	%		8,100	15	%		7,678	15	%		6,882	14	%
Mortgage-backed		8,451	16	%		8,722	17	%		8,577	17	%		7,969	16	%		6,948	14	%
Asset-backed		3,521	7	%		3,328	6	%		3,300	6	%		3,380	7	%		3,450	7	%

Total fixed maturities	$	53,419	100	%	$	52,641	100	%	$	52,424	100	%	$	50,829	100	%	$	48,001	100	%

*Corporate Bond Holdings—Industry Sector:*
Finance and insurance	$	10,915	31	%	$	10,658	30	%	$	10,357	30	%	$	10,080	29	%	$	9,619	30	%
Utilities and energy		7,171	20	%		6,985	20	%		7,056	20	%		7,061	21	%		6,784	21	%
Consumer—non cyclical		4,877	14	%		4,705	13	%		4,351	12	%		4,349	13	%		4,213	13	%
Consumer—cyclical		2,670	7	%		2,634	8	%		2,666	8	%		2,637	8	%		2,640	8	%
Capital goods		2,194	6	%		2,289	6	%		2,240	6	%		2,284	7	%		2,201	7	%
Industrial		2,269	6	%		2,384	7	%		2,475	7	%		2,506	7	%		2,263	7	%
Technology and communications		2,473	7	%		2,329	7	%		2,223	6	%		2,135	6	%		1,996	6	%
Transportation		1,240	3	%		1,156	3	%		1,063	3	%		1,003	3	%		900	3	%
Other		2,025	6	%		2,134	6	%		2,770	8	%		2,136	6	%		1,771	5	%

Total	$	35,834	100	%	$	35,274	100	%	$	35,201	100	%	$	34,191	100	%	$	32,387	100	%

*Fixed maturities—Contractual Maturity Dates:*
Due in one year or less	$	2,858	5	%	$	2,652	5	%	$	2,040	4	%	$	1,712	3	%	$	1,297	3	%
Due after one year through five years		10,382	20	%		10,329	20	%		10,749	20	%		10,660	21	%		10,952	23	%
Due after five years through ten years		11,514	22	%		11,658	22	%		11,842	23	%		11,663	23	%		10,924	22	%
Due after ten years		16,693	31	%		15,952	30	%		15,916	30	%		15,445	31	%		14,430	30	%

Subtotal		41,447	78	%		40,591	77	%		40,547	77	%		39,480	78	%		37,603	78	%
Mortgage-backed and asset backed		11,972	22	%		12,050	23	%		11,877	23	%		11,349	22	%		10,398	22	%

Total fixed maturities	$	53,419	100	%	$	52,641	100	%	$	52,424	100	%	$	50,829	100	%	$	48,001	100	%

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Commercial Mortgage and Other Loans Data

(amounts in millions)


	June 30, 2005						March 31, 2005				December 31, 2004				September 30, 2004				June 30, 2004
Summary of Commercial Mortgage and Other Loans	Carrying Amount			% of Total			Carrying Amount		% of Total		Carrying Amount		% of Total		Carrying Amount		% of Total		Carrying Amount		% of Total
*Geographic Region*
Pacific	$	2,043			30	%	$	1,850	30	%	$	1,796	30	%	$	1,761	30	%	$	1,707	29	%
South Atlantic		1,451			21	%		1,234	20	%		1,239	20	%		1,196	20	%		1,208	21	%
Middle Atlantic		998			15	%		989	16	%		953	16	%		887	15	%		857	15	%
East North Central		704			10	%		662	11	%		682	11	%		681	12	%		706	12	%
Mountain		496			7	%		471	8	%		463	8	%		457	8	%		439	8	%
West South Central		306			5	%		304	5	%		306	5	%		275	5	%		303	5	%
West North Central		432			6	%		366	5	%		252	4	%		261	4	%		246	4	%
East South Central		261			4	%		230	3	%		225	4	%		227	4	%		225	4	%
New England		168			2	%		173	2	%		135	2	%		132	2	%		109	2	%

Total	$	6,859			100	%	$	6,279	100	%	$	6,051	100	%	$	5,877	100	%	$	5,800	100	%

*Property Type*
Office	$	1,914			28	%	$	1,861	30	%	$	1,822	30	%	$	1,774	30	%	$	1,826	32	%
Industrial		1,963			29	%		1,845	30	%		1,797	30	%		1,768	30	%		1,697	29	%
Retail		1,938			28	%		1,701	27	%		1,574	26	%		1,519	26	%		1,507	26	%
Apartments		708			10	%		655	10	%		650	11	%		612	10	%		575	10	%
Mixed use/other		336			5	%		217	3	%		208	3	%		204	4	%		195	3	%

Total	$	6,859			100	%	$	6,279	100	%	$	6,051	100	%	$	5,877	100	%	$	5,800	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	$	3,247			47	%	$	3,122	49	%	$	3,073	50	%	$	3,053	52	%	$	3,008	52	%
$5 million but less than $10 million		1,647			24	%		1,457	23	%		1,442	24	%		1,378	23	%		1,312	22	%
$10 million but less than $20 million		1,245			18	%		1,072	17	%		1,009	17	%		965	16	%		970	17	%
$20 million but less than $30 million		323			5	%		350	6	%		334	5	%		287	5	%		314	5	%
$30 million and over		446			6	%		324	5	%		237	4	%		238	4	%		241	4	%

Total	$	6,908			100	%	$	6,325	100	%	$	6,095	100	%	$	5,921	100	%	$	5,845	100	%


	June 30, 2005			December 31, 2004
*Allowance for Losses on Mortgage Loans*
Balance, beginning of year	$	52		$	50
Additions		6			7
Deductions for write-downs and dispositions		(1	)		(5	)

Balance, end of year	$	57		$	52

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Sales

(amounts in millions)


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

Annualized first-year premiums: (a)

Term life	$	34	$	29	$	63	$	27	$	26	$	23	$	26	$	102
Financial Intermediaries		1		2		3		2		2		1		2		7
Independent Producers		33		27		60		25		24		22		24		95

Universal life		14		13		27		12		10		9		11		42
Financial Intermediaries		—		1		1		—		—		—		1		1
Independent Producers		14		12		26		12		10		9		9		40
Dedicated Sales Specialists		—		—		—		—		—		—		1		1

Long-term care		42		41		83		41		39		41		41		162
Financial Intermediaries		9		10		19		11		10		10		10		41
Independent Producers		16		14		30		12		12		12		11		47
Independent Channels		25		24		49		23		22		22		21		88
Dedicated Sales Specialists		17		17		34		18		17		19		20		74

Group life and health		38		30		68		66		39		40		26		171
Independent Producers		38		30		68		66		39		40		26		171

Total annualized first-year premiums		128		113		241		146		114		113		104		477

Written premiums: (b)
Payment protection		501		453		954		351		397		402		351		1,501
Financial Intermediaries		501		453		954		351		397		402		351		1,501

Total protection segment	$	629	$	566	$	1,195	$	497	$	511	$	515	$	455	$	1,978

(a)

In our Protection segment, sales from our life, long-term care and group life and health insurance businesses represent annualized first-year 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.

(b)	In our Protection segment, sales from our payment protection insurance business represent total written premiums gross of reinsurance and cancellations during the specified period.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Segment Sales, continued

(amounts in millions)


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

Spread-based retail Structured settlements (d)	$	93	$	153	$	246	$	104	$	89	$	192	$	150	$	535

Income annuities		164		166		330		212		187		164		201		764
Financial Intermediaries		103		88		191		127		115		98		119		459
Independent Producers		57		70		127		79		68		63		78		288
Dedicated Sales Specialists		4		8		12		6		4		3		4		17

Fixed annuities		686		364		1,050		283		653		372		411		1,719
Financial Intermediaries		668		353		1,021		276		641		360		400		1,677
Independent Producers		14		7		21		4		6		9		6		25
Dedicated Sales Specialists		4		4		8		3		6		3		5		17

Total spread-based retail		943		683		1,626		599		929		728		762		3,018

Fee-based
Variable Annuities (e)		254		264		518		256		250		277		292		1,075
Financial Intermediaries		238		245		483		236		232		257		277		1,002
Independent Producers		6		9		15		8		5		13		7		33
Dedicated Sales Specialists		10		10		20		12		13		7		8		40

Variable life		5		3		8		4		4		5		5		18
Financial Intermediaries		5		3		8		3		3		4		4		14
Independent Producers				—		—		1		1		1		—		3
Dedicated Sales Specialists				—		—		—		—		—		1		1

Managed assets		378		323		701		301		267		271		304		1,143
Independent Producers		222		193		415		161		139		159		183		642
Dedicated Sales Specialists		156		130		286		140		128		112		121		501

Total fee-based		637		590		1,227		561		521		553		601		2,236

Spread-based institutional (d)
Guaranteed investment contracts (GICs)		105		49		154		96		80		111		74		361
Funding agreements backing notes		150		300		450		600		500		210		180		1,490
Funding agreements		100		—		100		100		—		100		100		300

Total spread-based institutional		355		349		704		796		580		421		354		2,151

Total RI&I segment	$	1,935	$	1,622	$	3,557	$	1,956	$	2,030	$	1,702	$	1,717	$	7,405

*Mortgage Insurance Segment (f)*
New insurance written:
U.S. mortgage insurance	$	7,220	$	5,666	$	12,886	$	7,074	$	6,206	$	8,055	$	6,798	$	28,133
International mortgage insurance		21,403		14,243		35,646		15,225		13,163		12,545		10,905		51,838

Total mortgage insurance segment	$	28,623	$	19,909	$	48,532	$	22,299	$	19,369	$	20,600	$	17,703	$	79,971

(c)

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

(d)	All Structured Settlements and institutional products are sold by independent producers

(e)	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
Q2		Q1		Total		Q4		Q3		Q2		Q1		Total
$	28	$	38	$	66	$	50	$	59	$	71	$	82	$	262

(f)	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

2Q 2005 FINANCIAL SUPPLEMENT

CORPORATE INFORMATION

GENWORTH FINANCIAL

2Q 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 Life and Annuity Assurance Company (short term rating)	Not rated	A-1+	P-1	Not rated

GE Group Life Assurance Company	A	AA-	Not rated	Not rated

General Electric Capital Assurance Company	A+	AA-	Aa3	AA-

General Electric Capital Assurance Company (short term rating)	Not rated	A-1+	P-1	Not rated

Our mortgage insurance subsidiaries are rated by S&P, Moody’s and Fitch as follows:


Company(a)	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

(a)	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. The short-term “A-1” rating is the highest rating and shows the capaccity to meet financial commitments is strong. Within this category, the designation of a plus sign (+) indicates capacity to meet its financial commitments is extremely strong.

GENWORTH FINANCIAL

2Q 2005 FINANCIAL SUPPLEMENT

Moody’s states that insurance companies rated “Aa” (Excellent) offer excellent financial security. Moody’s states that companies in this group constitute what are generally known as high-grade companies. The “Aa” range is the second-highest of nine financial strength rating ranges assigned by Moody’s, which range from “Aaa” to “C.” Numeric modifiers are used to refer to the ranking within the group, with 1 being the highest and 3 being the lowest. Accordingly, the “Aa2” and “Aa3” ratings are the third- and fourth-highest of Moody’s 21 ratings categories. Short-term rating “P1” is the highest rating and shows superior ability for repayment of short-term debt obligations.

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