Exhibit 99.2

Exhibit 99.2

LOGO

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT


Table of Contents		Page
Investor Letter		3
Use of Non-GAAP Measures and Selected Operating Performance Measures		4
Financial Highlights		5

*Fourth Quarter Results*
Net Income (Loss)		7
Net Operating Income (Loss) by Segment		8
Consolidated Net Income (Loss) by Quarter		9
Net Operating Income (Loss) by Segment by Quarter		10
Consolidated Balance Sheets		11-12
Consolidated Balance Sheets by Segment		13-14
Deferred Acquisition Costs Rollforward		15

*Quarterly Results by Segment*
Net Operating Income (Loss) by Segment		17-20
Net Operating Income (Loss) and Sales—Retirement and Protection		22-33
Net Operating Income (Loss) and Sales—International		35-43
Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance		45-54
Net Operating Loss—Corporate and Other		56

*Additional Financial Data*
Investments Summary		58
Fixed Maturities Summary		59
Additional Information on Mortgage-backed and Asset-backed Securities Collateralized by Sub-prime Residential Mortgage Loans		60
Additional Information on Mortgage-backed and Asset-backed Securities Collateralized by Alt-A Residential Mortgage Loans		61
Additional Information on Commercial Mortgage-backed Securities		62
Commercial Mortgage Loans Summary		63
General Account GAAP Net Investment Income Yields		64
Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail		65

*Reconciliations of Non-GAAP Measures*
Reconciliation of Operating ROE		67
Reconciliation of Expense Ratio		68
Reconciliation of Core Premiums		69
Reconciliation of Core Yield		70

*Corporate Information*
Industry Ratings		72-73

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Dear Investor,

You will note that in the investments section we have added original rating data to the additional information regarding mortgage-backed and asset-based securities collateralized by sub-prime and Alt-A residential mortgage loans and the additional information regarding commercial mortgage-backed securities. These additions can be found on pages 60, 61 and 62.

Once again, thank you for your continued interest in Genworth Financial and please feel free to call with any questions or comments.

Regards,

Alicia Charity

Vice President

Investor Relations

804-662-2248

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Use of Non-GAAP Measures

This financial supplement includes the non-GAAP⁽¹⁾ financial measure entitled “net operating income (loss).” Our chief operating decision maker evaluates segment performance and allocates resources on the basis of net operating income (loss). We define net operating income (loss) as income (loss) from continuing operations excluding after-tax net investment gains (losses) and other adjustments and infrequent or unusual non-operating items. We exclude net investment gains (losses) and infrequent or unusual non-operating items because we do not consider them to be related to the operating performance of our segments and Corporate and Other activities. A significant component of our net investment gains (losses) is the result of impairments, including changes in intent to hold securities to recovery, and credit-related gains and losses, the timing of which can vary significantly depending on market credit cycles. In addition, the size and timing of other investment gains (losses) are often subject to our discretion and are influenced by market opportunities, as well as asset-liability matching considerations. Infrequent or unusual non-operating items are also excluded from net operating income (loss) if, in our opinion, they are not indicative of overall operating trends. While some of these items may be significant components of net income (loss) in accordance with GAAP, we believe that net operating income (loss), and measures that are derived from or incorporate net operating income (loss), are appropriate measures that are useful to investors because they identify the income (loss) attributable to the ongoing operations of the business. However, net operating income (loss) is not a substitute for net income (loss) determined in accordance with GAAP. In addition, the company’s definition of net operating income (loss) may differ from the definitions used by other companies. The table on page 8 of this report reflects net operating income (loss) as determined in accordance with the Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information, and a reconciliation of net operating income (loss) of our segments and Corporate and Other activities to net income (loss) for the three and twelve months ended December 31, 2008 and 2007. This financial supplement includes other non-GAAP measures management believes enhances the understanding and comparability of performance by highlighting underlying business activity and profitability drivers. These additional non-GAAP measures are on pages 66 through 70 of this financial supplement.

Selected Operating Performance Measures

This financial supplement contains selected operating performance measures including “sales”, “assets under management” and “insurance in-force” or “risk in-force” which are commonly used in the insurance and investment industries as measures of operating performance.

Management regularly monitors and reports the sales metrics as a measure of volume of new and renewal business generated in a period. Sales refers to (1) annualized first-year premiums for term life, long-term care and Medicare supplement insurance; (2) new and additional premiums/deposits for universal life insurance, linked-benefits, spread-based and variable products; (3) gross and net flows, which represent gross flows less redemptions, for our wealth management⁽²⁾ business; (4) written premiums and deposits, gross of ceded reinsurance and cancellations, and premium equivalents, where we earn a fee for administrative services only business, for lifestyle protection insurance business⁽³⁾; (5) new insurance written for mortgage insurance, which in each case reflects the amount of business the company generated during each period presented; and (6) written premiums, net of cancellations, for our Mexican insurance operations. Sales do not include renewal premiums on policies or contracts written during prior periods.

The company considers annualized first-year premiums, new premiums/deposits, gross flows and net flows, written premiums, premium equivalents and new insurance written to be measures 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 measures of the company’s revenues or profitability during that period.

Management regularly monitors and reports assets under management for our wealth management business, insurance in-force and risk in-force. Assets under management for our wealth management business represent third-party assets under management that are not consolidated in our financial statements. Insurance in-force for our life insurance, international and U.S. mortgage insurance businesses is a measure of the aggregate face value of outstanding insurance policies as of the respective reporting date. Risk in-force for our international and U.S. mortgage insurance businesses is a measure that recognizes that the loss on any particular mortgage loan will be reduced by the net proceeds received upon sale of the underlying property. The company considers assets under management for our wealth management business, insurance in-force and risk in-force to be measures of the company’s operating performance because they represent measures of the size of our business at a specific date, rather than measures of the company’s revenues or profitability during that period.

These operating measures enable 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.

(1)	U.S. Generally Accepted Accounting Principles

(2)	Formerly known as Managed Money.

(3)	Formerly known as Payment Protection Insurance.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Financial Highlights

(amounts in millions, except per share data)


Balance Sheet Data	2008												2007
	Q4			Q3			Q2			Q1			Q4			Q3		Q2		Q1
Total stockholders’ equity, excluding accumulated other comprehensive income (loss)	$	11,988		$	12,317		$	12,616		$	12,760		$	12,751		$	12,620	$	12,416	$	12,197
Total accumulated other comprehensive income (loss)		(3,062	)		(1,819	)		(271	)		(35	)		727			697		550		1,111

Total stockholders’ equity	$	8,926		$	10,498		$	12,345		$	12,725		$	13,478		$	13,317	$	12,966	$	13,308

Book value per common share	$	20.60		$	24.24		$	28.52		$	29.41		$	30.92		$	30.32	$	29.30	$	30.43
Book value per common share, excluding accumulated other comprehensive income (loss)	$	27.67		$	28.44		$	29.14		$	29.49		$	29.25		$	28.73	$	28.05	$	27.89
Common shares outstanding as of balance sheet date		433.2			433.1			432.9			432.7			435.9			439.2		442.6		437.4

	Twelve months ended
Twelve Month Rolling Average ROE	December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007
GAAP Basis ROE		-4.6	%		-0.6	%		4.1	%		8.1	%		9.8	%
Operating ROE		3.8	%		7.8	%		9.0	%		10.2	%		11.0	%

	Three months ended
Quarterly Average ROE	December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007
GAAP Basis ROE		-10.6	%		-8.3	%		-3.4	%		3.6	%		5.6	%
Operating ROE		-6.8	%		7.1	%		6.7	%		7.7	%		9.9	%

See page 67 herein for a reconciliation of GAAP Basis ROE to Operating ROE.


Basic and Diluted Shares	Three months ended December 31, 2008	Twelve months ended December 31, 2008
Weighted-average shares used in basic earnings (loss) per common share calculations	433.1	433.2
Potentially dilutive securities:
Stock options, restricted stock units and stock appreciation rights	—	—

Weighted-average shares used in diluted earnings (loss) per common share calculations	433.1	433.2

Fourth Quarter Results

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Income (Loss)

(amounts in millions)


	Three months ended December 31,						Twelve months ended December 31,
	2008			2007			2008			2007
REVENUES:
Premiums	$	1,616		$	1,670		$	6,777		$	6,330
Net investment income		857			1,053			3,730			4,135
Net investment gains (losses)		(149	)		(214	)		(1,709	)		(332	)
Insurance and investment product fees and other		305			266			1,150			992

Total revenues		2,629			2,775			9,948			11,125

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,522			1,255			5,806			4,580
Interest credited		309			385			1,293			1,552
Acquisition and operating expenses, net of deferrals		566			551			2,160			2,075
Amortization of deferred acquisition costs and intangibles		541			209			1,161			831
Interest expense		123			126			470			481

Total benefits and expenses		3,061			2,526			10,890			9,519

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(432	)		249			(942	)		1,606
Provision (benefit) for income taxes		(111	)		69			(370	)		452
Effective tax rate		25.7	%		27.7	%		39.3	%		28.1	%

INCOME (LOSS) FROM CONTINUING OPERATIONS		(321	)		180			(572	)		1,154
Income from discontinued operations, net of taxes		—			—			—			15
Gain (loss) on sale of discontinued operations, net of taxes		—			(2	)		—			51

NET INCOME (LOSS)	$	(321	)	$	178		$	(572	)	$	1,220

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) by Segment

(amounts in millions, except per share amounts)


		Three months ended December 31,						Twelve months ended December 31,
		2008			2007			2008			2007
Retirement and Protection:
Wealth Management⁽¹⁾		$	8		$	12		$	43		$	44
Retirement Income			(310	)		41			(246	)		212
Institutional			15			9			80			43
Life Insurance			49			76			264			310
Long-Term Care Insurance			49			36			160			153

Total Retirement and Protection			(189	)		174			301			762
International:
International Mortgage Insurance	—Canada		67			88			305			270
	—Australia		40			40			185			156
	—Other		(8	)		16			(9	)		29
Lifestyle Protection⁽²⁾			25			36			152			130

Total International			124			180			633			585
U.S. Mortgage Insurance			(114	)		(3	)		(330	)		167
Corporate and Other			(28	)		(37	)		(135	)		(141	)

NET OPERATING INCOME (LOSS)⁽³⁾			(207	)		314			469			1,373

ADJUSTMENTS TO NET OPERATING INCOME (LOSS):
Income from discontinued operations, net of taxes			—			—			—			15
Gain on sale of discontinued operations, net of taxes			—			(2	)		—			51
Net investment gains (losses), net of taxes and other adjustments⁽⁴⁾			(89	)		(134	)		(1,016	)		(205	)
Expenses related to reorganization, net of taxes			(25	)		—			(25	)		(14	)

NET INCOME (LOSS)		$	(321	)	$	178		$	(572	)	$	1,220

Earnings (Loss) Per Share Data:
Earnings (loss) per common share
Basic		$	(0.74	)	$	0.41		$	(1.32	)	$	2.77
Diluted		$	(0.74	)	$	0.40		$	(1.32	)	$	2.73
Net operating earnings (loss) per common share
Basic		$	(0.48	)	$	0.72		$	1.08		$	3.12
Diluted		$	(0.48	)	$	0.71		$	1.08		$	3.07
Shares outstanding
Basic			433.1			437.4			433.2			439.7
Diluted			433.1			441.1			433.2			447.6

⁽¹⁾	Formerly known as Managed Money.

⁽²⁾	Formerly known as Payment Protection Insurance.

⁽³⁾

Represents income or loss of our operating segments: Retirement and Protection, International and U.S. Mortgage Insurance, as well as our Corporate and Other activities. The separate financial information of each segment is presented consistently with the manner in which our chief operating decision maker evaluates segment performance and allocates resources in accordance with Statement of Financial Accounting Standards No. 131, Disclosures about Segments of an Enterprise and Related Information. See Use of Non-GAAP measures for additional information.

⁽⁴⁾	See page 65 for details on fourth quarter 2008 net investment gains (losses), net of taxes and other adjustments.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Consolidated Net Income (Loss) by Quarter

(amounts in millions, except per share amounts)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	1,616		$	1,735		$	1,709		$	1,717		$	6,777		$	1,670		$	1,600		$	1,549		$	1,511		$	6,330
Net investment income		857			918			953			1,002			3,730			1,053			1,074			1,024			984			4,135
Net investment gains (losses)		(149	)		(816	)		(518	)		(226	)		(1,709	)		(214	)		(48	)		(51	)		(19	)		(332	)
Insurance and investment product fees and other		305			331			254			260			1,150			266			249			243			234			992

Total revenues		2,629			2,168			2,398			2,753			9,948			2,775			2,875			2,765			2,710			11,125

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		1,522			1,497			1,386			1,401			5,806			1,255			1,168			1,090			1,067			4,580
Interest credited		309			319			320			345			1,293			385			391			391			385			1,552
Acquisition and operating expenses, net of deferrals		566			515			551			528			2,160			551			540			495			489			2,075
Amortization of deferred acquisition costs and intangibles		541			208			209			203			1,161			209			202			207			213			831
Interest expense		123			125			110			112			470			126			124			124			107			481

Total benefits and expenses		3,061			2,664			2,576			2,589			10,890			2,526			2,425			2,307			2,261			9,519

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(432	)		(496	)		(178	)		164			(942	)		249			450			458			449			1,606
Provision (benefit) for income taxes		(111	)		(238	)		(69	)		48			(370	)		69			111			137			135			452

INCOME (LOSS) FROM CONTINUING OPERATIONS		(321	)		(258	)		(109	)		116			(572	)		180			339			321			314			1,154
Income from discontinued operations, net of taxes		—			—			—			—			—			—			—			5			10			15
Gain (loss) on sale of discontinued operations, net of taxes		—			—			—			—			—			(2	)		—			53			—			51

NET INCOME (LOSS)	$	(321	)	$	(258	)	$	(109	)	$	116		$	(572	)	$	178		$	339		$	379		$	324		$	1,220


Earnings (Loss) Per Share Data:
Earnings (loss) from continuing operations per common share
Basic	$	(0.74	)	$	(0.60	)	$	(0.25	)	$	0.27		$	(1.32	)	$	0.41		$	0.77		$	0.73		$	0.71		$	2.62
Diluted	$	(0.74	)	$	(0.60	)	$	(0.25	)	$	0.27		$	(1.32	)	$	0.41		$	0.76		$	0.72		$	0.69		$	2.58
Earnings (loss) per common share
Basic	$	(0.74	)	$	(0.60	)	$	(0.25	)	$	0.27		$	(1.32	)	$	0.41		$	0.77		$	0.86		$	0.74		$	2.77
Diluted	$	(0.74	)	$	(0.60	)	$	(0.25	)	$	0.27		$	(1.32	)	$	0.40		$	0.76		$	0.84		$	0.71		$	2.73
Shares outstanding
Basic		433.1			433.1			432.9			433.6			433.2			437.4			441.1			439.4			441.0			439.7
Diluted		433.1			433.1			432.9			436.8			433.2			441.1			445.6			449.0			455.0			447.6

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) by Segment by Quarter

(amounts in millions, except per share amounts)


		2008															2007
		Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
Retirement and Protection:
Wealth Management		$	8		$	12		$	11		$	12		$	43		$	12		$	11		$	11		$	10		$	44
Retirement Income			(310	)		15			13			36			(246	)		41			82			43			46			212
Institutional			15			49			5			11			80			9			10			10			14			43
Life Insurance			49			63			87			65			264			76			81			75			78			310
Long-Term Care Insurance			49			39			34			38			160			36			39			41			37			153

Total Retirement and Protection			(189	)		178			150			162			301			174			223			180			185			762
International:
International Mortgage Insurance	—Canada		67			80			83			75			305			88			68			59			55			270
	—Australia		40			48			50			47			185			40			36			44			36			156
	—Other		(8	)		(2	)		1			—			(9	)		16			6			4			3			29
Lifestyle Protection			25			40			49			38			152			36			30			35			29			130

Total International			124			166			183			160			633			180			140			142			123			585
U.S. Mortgage Insurance			(114	)		(121	)		(59	)		(36	)		(330	)		(3	)		39			66			65			167
Corporate and Other			(28	)		(3	)		(62	)		(42	)		(135	)		(37	)		(34	)		(37	)		(33	)		(141	)

NET OPERATING INCOME (LOSS)			(207	)		220			212			244			469			314			368			351			340			1,373

ADJUSTMENTS TO NET OPERATING INCOME (LOSS):
Income from discontinued operations, net of taxes			—			—			—			—			—			—			—			5			10			15
Gain (loss) on sale of discontinued operations, net of taxes			—			—			—			—			—			(2	)		—			53			—			51
Net investment gains (losses), net of taxes and other adjustments			(89	)		(478	)		(321	)		(128	)		(1,016	)		(134	)		(29	)		(30	)		(12	)		(205	)
Expenses related to reorganization, net of taxes			(25	)		—			—			—			(25	)		—			—			—			(14	)		(14	)

NET INCOME (LOSS)		$	(321	)	$	(258	)	$	(109	)	$	116		$	(572	)	$	178		$	339		$	379		$	324		$	1,220


Earnings (Loss) Per Share Data:
Earnings (loss) per common share
Basic		$	(0.74	)	$	(0.60	)	$	(0.25	)	$	0.27		$	(1.32	)	$	0.41		$	0.77		$	0.86		$	0.74		$	2.77
Diluted		$	(0.74	)	$	(0.60	)	$	(0.25	)	$	0.27		$	(1.32	)	$	0.40		$	0.76		$	0.84		$	0.71		$	2.73
Net operating earnings (loss) per common share
Basic		$	(0.48	)	$	0.51		$	0.49		$	0.56		$	1.08		$	0.72		$	0.83		$	0.80		$	0.77		$	3.12
Diluted		$	(0.48	)	$	0.51		$	0.49		$	0.56		$	1.08		$	0.71		$	0.83		$	0.78		$	0.75		$	3.07
Shares outstanding
Basic			433.1			433.1			432.9			433.6			433.2			437.4			441.1			439.4			441.0			439.7
Diluted			433.1			433.1			432.9			436.8			433.2			441.1			445.6			449.0			455.0			447.6

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Consolidated Balance Sheets

(amounts in millions)


	December 31, 2008		September 30, 2008		June 30, 2008		March 31, 2008		December 31, 2007
ASSETS
Investments:
Fixed maturity securities available-for-sale, at fair value	$	42,871	$	48,724	$	51,887	$	53,031	$	55,154
Equity securities available-for-sale, at fair value		234		309		409		394		366
Commercial mortgage loans		8,262		8,447		8,573		8,822		8,953
Policy loans		1,834		1,822		1,806		1,654		1,651
Other invested assets		7,411		4,913		4,614		5,603		4,676

Total investments		60,612		64,215		67,289		69,504		70,800
Cash and cash equivalents		7,328		5,102		5,861		3,768		3,091
Accrued investment income		736		794		679		863		773
Deferred acquisition costs		7,786		7,681		7,530		7,330		7,034
Intangible assets		1,147		1,068		991		959		914
Goodwill		1,316		1,572		1,618		1,609		1,600
Reinsurance recoverable		17,212		16,763		16,571		16,498		16,483
Other assets		1,000		1,075		1,320		912		822
Deferred tax asset		849		194		—		—		—
Separate account assets		9,215		11,097		12,356		12,151		12,798

Total assets	$	107,201	$	109,561	$	114,215	$	113,594	$	114,315

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Consolidated Balance Sheets—(Continued)

(amounts in millions)


	December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	28,533		$	28,017		$	27,529		$	27,174		$	26,740
Policyholder account balances		34,702			35,565			36,842			36,764			36,913
Liability for policy and contract claims		5,322			4,776			4,418			4,011			3,693
Unearned premiums		4,734			5,345			5,758			5,653			5,631
Other liabilities		6,920			6,200			6,093			6,671			6,255
Non-recourse funding obligations		3,455			3,455			3,455			3,455			3,455
Short-term borrowings		1,133			78			200			200			200
Long-term borrowings		4,261			4,530			4,531			3,966			3,903
Deferred tax liability		—			—			688			824			1,249
Separate account liabilities		9,215			11,097			12,356			12,151			12,798

Total liabilities		98,275			99,063			101,870			100,869			100,837

Common stock		1			1			1			1			1
Additional paid-in capital		11,477			11,484			11,482			11,473			11,461

Accumulated other comprehensive income (loss):
Net unrealized investment gains (losses)		(4,038	)		(2,963	)		(1,723	)		(1,479	)		(526	)
Derivatives qualifying as hedges		1,161			761			548			620			473
Foreign currency translation and other adjustments		(185	)		383			904			824			780

Total accumulated other comprehensive income (loss)		(3,062	)		(1,819	)		(271	)		(35	)		727
Retained earnings		3,210			3,532			3,833			3,986			3,913
Treasury stock, at cost		(2,700	)		(2,700	)		(2,700	)		(2,700	)		(2,624	)

Total stockholders’ equity		8,926			10,498			12,345			12,725			13,478

Total liabilities and stockholders’ equity	$	107,201		$	109,561		$	114,215		$	113,594		$	114,315

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Consolidated Balance Sheet by Segment

(amounts in millions)


	December 31, 2008
	Retirement and Protection			International			U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	52,632		$	9,156		$	3,163		$	3,725		$	68,676
Deferred acquisition costs and intangible assets		9,179			940			32			98			10,249
Reinsurance recoverable		16,571			129			512			—			17,212
Deferred tax and other assets		520			72			271			986			1,849
Separate account assets		9,215			—			—			—			9,215

Total assets	$	88,117		$	10,297		$	3,978		$	4,809		$	107,201

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	28,533		$	—		$	—		$	—		$	28,533
Policyholder account balances		34,683			19			—			—			34,702
Liability for policy and contract claims		3,035			572			1,712			3			5,322
Unearned premiums		552			4,063			119			—			4,734
Non-recourse funding obligations		3,555			—			—			(100	)		3,455
Other liabilities		2,316			1,320			30			3,254			6,920
Borrowing and capital securities		—			—			—			5,394			5,394
Separate account liabilities		9,215			—			—			—			9,215

Total liabilities		81,889			5,974			1,861			8,551			98,275

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		8,659			4,550			2,270			(3,491	)		11,988
Allocated accumulated other comprehensive income (loss)		(2,431	)		(227	)		(153	)		(251	)		(3,062	)

Total stockholders’ equity		6,228			4,323			2,117			(3,742	)		8,926

Total liabilities and stockholders’ equity	$	88,117		$	10,297		$	3,978		$	4,809		$	107,201

⁽¹⁾	Includes inter-segment eliminations.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Consolidated Balance Sheet by Segment

(amounts in millions)


	September 30, 2008
	Retirement and Protection			International		U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
ASSETS
Cash and investments	$	53,836		$	10,083	$	3,115		$	3,077		$	70,111
Deferred acquisition costs and intangible assets		9,135			1,052		38			96			10,321
Reinsurance recoverable		16,322			136		305			—			16,763
Deferred tax and other assets		158			101		246			764			1,269
Separate account assets		11,097			—		—			—			11,097

Total assets	$	90,548		$	11,372	$	3,704		$	3,937		$	109,561

LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits	$	28,017		$	—	$	—		$	—		$	28,017
Policyholder account balances		35,538			27		—			—			35,565
Liability for policy and contract claims		2,864			597		1,312			3			4,776
Unearned premiums		549			4,679		117			—			5,345
Non-recourse funding obligations		3,555			—		—			(100	)		3,455
Other liabilities		2,008			1,462		50			2,680			6,200
Borrowing and capital securities		—			—		—			4,608			4,608
Separate account liabilities		11,097			—		—			—			11,097

Total liabilities		83,628			6,765		1,479			7,191			99,063

Stockholders’ equity:
Allocated equity, excluding accumulated other comprehensive income (loss)		8,773			4,337		2,358			(3,151	)		12,317
Allocated accumulated other comprehensive income (loss)		(1,853	)		270		(133	)		(103	)		(1,819	)

Total stockholders’ equity		6,920			4,607		2,225			(3,254	)		10,498

Total liabilities and stockholders’ equity	$	90,548		$	11,372	$	3,704		$	3,937		$	109,561

⁽¹⁾	Includes inter-segment eliminations.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Deferred Acquisition Costs Rollforward

(amounts in millions)


Deferred Acquisition Costs Rollforward	Retirement and Protection			International			U.S. Mortgage Insurance			Corporate and Other		Total
Unamortized balance as of September 30, 2008	$	6,379		$	893		$	30		$	—	$	7,302
Costs deferred		195			43			8			—		246
Amortization, net of interest accretion⁽¹⁾		(183	)		(70	)		(15	)		—		(268	)
Impact of foreign currency translation		—			(71	)		—			—		(71	)

Unamortized balance as of December 31, 2008		6,391			795			23			—		7,209
Effect of accumulated net unrealized investment gains (losses)		577			—			—			—		577

Balance as of December 31, 2008	$	6,968		$	795		$	23		$	—	$	7,786

⁽¹⁾	Amortization, net of interest accretion, includes $(1) million of amortization related to net investment gains (losses) for our policyholder account balances.

Quarterly Results by Segment

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) by Segment

(amounts in millions)


	Retirement and Protection																		International															U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
Three Months Ended December 31, 2008	Wealth Management			Retirement Income			Institutional			Life Insurance			Long-Term Care Insurance			Total			Mortgage Insurance— Canada			Mortgage Insurance— Australia			Other Mortgage Insurance			Lifestyle Protection			Total			U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	—		$	105		$	—		$	235		$	556		$	896		$	125		$	72		$	33		$	303		$	533		$	182		$	5		$	1,616
Net investment income		—			279			61			142			226			708			44			28			8			37			117			33			(1	)		857
Net investment gains (losses)		(2	)		(253	)		(269	)		(230	)		629			(125	)		(2	)		(1	)		2			(4	)		(5	)		(15	)		(4	)		(149	)
Insurance and investment product fees and other		73			49			40			96			6			264			—			(1	)		(1	)		2			—			4			37			305

Total revenues		71			180			(168	)		243			1,417			1,743			167			98			42			338			645			204			37			2,629

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			231			—			208			541			980			39			34			34			69			176			366			—			1,522
Interest credited		—			128			74			60			47			309			—			—			—			—			—			—			—			309
Acquisition and operating expenses, net of deferrals		59			51			1			41			95			247			24			13			18			191			246			32			41			566
Amortization of deferred acquisition costs and intangibles		—			374			1			44			32			451			7			5			7			53			72			14			4			541
Interest expense		—			—			—			48			—			48			1			—			—			5			6			—			69			123

Total benefits and expenses		59			784			76			401			715			2,035			71			52			59			318			500			412			114			3,061

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		12			(604	)		(244	)		(158	)		702			(292	)		96			46			(17	)		20			145			(208	)		(77	)		(432	)
Provision (benefit) for income taxes		5			(132	)		(84	)		(55	)		246			(20	)		31			8			(7	)		2			34			(83	)		(42	)		(111	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		7			(472	)		(160	)		(103	)		456			(272	)		65			38			(10	)		18			111			(125	)		(35	)		(321	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		1			156			175			149			(410	)		71			1			1			(1	)		3			4			11			3			89
Expenses related to reorganization, net of taxes		—			6			—			3			3			12			1			1			3			4			9			—			4			25

NET OPERATING INCOME (LOSS)	$	8		$	(310	)	$	15		$	49		$	49		$	(189	)	$	67		$	40		$	(8	)	$	25		$	124		$	(114	)	$	(28	)	$	(207	)


Effective tax rate (operating income (loss))⁽²⁾		38.4	%		12.6	%		41.2	%		35.5	%		36.2	%		-15.8	%		31.9	%		17.1	%		40.7	%		18.9	%		24.3	%		40.1	%		58.1	%		19.2	%

⁽¹⁾	Includes inter-segment eliminations.

⁽²⁾	The operating income (loss) effective tax rate for all pages in this financial supplement are calculated using whole dollars. As a result, the percentages shown may differ from an operating income (loss) effective tax rate calculated using the rounded numbers in this financial supplement.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) by Segment

(amounts in millions)


	Retirement and Protection																		International															U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
Three Months Ended December 31, 2007	Wealth Management			Retirement Income			Institutional			Life Insurance			Long-Term Care Insurance			Total			Mortgage Insurance— Canada			Mortgage Insurance— Australia			Other Mortgage Insurance			Lifestyle Protection			Total			U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	—		$	135		$	—		$	231		$	506		$	872		$	142		$	71		$	63		$	347		$	623		$	171		$	4		$	1,670
Net investment income		2			304			167			171			212			856			49			33			9			47			138			36			23			1,053
Net investment gains (losses)		—			(55	)		(128	)		(29	)		(2	)		(214	)		—			—			—			(2	)		(2	)		5			(3	)		(214	)
Insurance and investment product fees and other		88			55			—			100			6			249			1			—			1			6			8			12			(3	)		266

Total revenues		90			439			39			473			722			1,763			192			104			73			398			767			224			21			2,775

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			218			—			202			509			929			26			33			21			60			140			186			—			1,255
Interest credited		—			130			149			61			45			385			—			—			—			—			—			—			—			385
Acquisition and operating expenses, net of deferrals		70			37			2			35			89			233			25			15			27			199			266			35			17			551
Amortization of deferred acquisition costs and intangibles		1			44			1			35			24			105			6			4			2			84			96			7			1			209
Interest expense		—			1			—			56			1			58			1			—			—			7			8			—			60			126

Total benefits and expenses		71			430			152			389			668			1,710			58			52			50			350			510			228			78			2,526

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		19			9			(113	)		84			54			53			134			52			23			48			257			(4	)		(57	)		249
Provision (benefit) for income taxes		7			(2	)		(40	)		29			20			14			46			12			7			13			78			(4	)		(19	)		69

INCOME (LOSS) FROM CONTINUING OPERATIONS		12			11			(73	)		55			34			39			88			40			16			35			179			—			(38	)		180

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		—			30			82			21			2			135			—			—			—			1			1			(3	)		1			134

NET OPERATING INCOME (LOSS)	$	12		$	41		$	9		$	76		$	36		$	174		$	88		$	40		$	16		$	36		$	180		$	(3	)	$	(37	)	$	314


Effective tax rate (operating income (loss))		37.5	%		26.4	%		31.3	%		33.7	%		36.5	%		32.9	%		34.4	%		23.8	%		30.7	%		27.8	%		30.7	%		65.2	%		29.9	%		31.3	%

⁽¹⁾	Includes inter-segment eliminations.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) by Segment

(amounts in millions)


	Retirement and Protection																		International															U.S. Mortgage Insurance			Corporate and Other⁽¹⁾
Twelve Months Ended December 31, 2008	Wealth Management			Retirement Income			Institutional			Life Insurance			Long-Term Care Insurance			Total			Mortgage Insurance— Canada			Mortgage Insurance— Australia			Other Mortgage Insurance			Lifestyle Protection			Total			U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	—		$	564		$	—		$	968		$	2,127		$	3,659		$	534		$	321		$	120		$	1,382		$	2,357		$	740		$	21		$	6,777
Net investment income		2			1,152			383			584			879			3,000			192			139			35			183			549			142			39			3,730
Net investment gains (losses)		(2	)		(776	)		(837	)		(473	)		540			(1,548	)		18			(6	)		(4	)		(32	)		(24	)		(58	)		(79	)		(1,709	)
Insurance and investment product fees and other		330			208			121			376			24			1,059			1			—			—			24			25			27			39			1,150

Total revenues		330			1,148			(333	)		1,455			3,570			6,170			745			454			151			1,557			2,907			851			20			9,948

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			952			—			851			2,134			3,937			138			142			100			266			646			1,221			2			5,806
Interest credited		—			515			355			244			179			1,293			—			—			—			—			—			—			—			1,293
Acquisition and operating expenses, net of deferrals		260			170			7			149			351			937			90			63			71			807			1,031			138			54			2,160
Amortization of deferred acquisition costs and intangibles		3			413			17			136			121			690			32			24			11			292			359			102			10			1,161
Interest expense		—			3			—			169			—			172			3			—			—			37			40			—			258			470

Total benefits and expenses		263			2,053			379			1,549			2,785			7,029			263			229			182			1,402			2,076			1,461			324			10,890

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		67			(905	)		(712	)		(94	)		785			(859	)		482			225			(31	)		155			831			(610	)		(304	)		(942	)
Provision (benefit) for income taxes		25			(244	)		(248	)		(48	)		276			(239	)		166			45			(16	)		28			223			(242	)		(112	)		(370	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		42			(661	)		(464	)		(46	)		509			(620	)		316			180			(15	)		127			608			(368	)		(192	)		(572	)

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		1			409			544			307			(352	)		909			(12	)		4			3			21			16			38			53			1,016
Expenses related to reorganization, net of taxes		—			6			—			3			3			12			1			1			3			4			9			—			4			25

NET OPERATING INCOME (LOSS)	$	43		$	(246	)	$	80		$	264		$	160		$	301		$	305		$	185		$	(9	)	$	152		$	633		$	(330	)	$	(135	)	$	469


Effective tax rate (operating income (loss))		37.2	%		7.7	%		35.8	%		31.1	%		35.6	%		46.0	%		34.4	%		20.2	%		56.8	%		21.2	%		27.1	%		40.1	%		37.7	%		28.7	%

⁽¹⁾	Includes inter-segment eliminations.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) by Segment

(amounts in millions)


	Retirement and Protection																		International															U.S. Mortgage Insurance			Corporate and Other⁽¹⁾
Twelve Months Ended December 31, 2007	Wealth Management			Retirement Income			Institutional			Life Insurance			Long-Term Care Insurance			Total			Mortgage Insurance— Canada			Mortgage Insurance— Australia			Other Mortgage Insurance			Lifestyle Protection			Total			U.S. Mortgage Insurance			Corporate and Other⁽¹⁾			Total
REVENUES:
Premiums	$	—		$	558		$	—		$	940		$	1,996		$	3,494		$	427		$	284		$	141		$	1,345		$	2,197		$	615		$	24		$	6,330
Net investment income		6			1,266			675			675			831			3,453			161			116			30			163			470			147			65			4,135
Net investment gains (losses)		—			(110	)		(159	)		(32	)		(15	)		(316	)		(2	)		1			(1	)		(5	)		(7	)		6			(15	)		(332	)
Insurance and investment product fees and other		330			198			—			376			24			928			1			1			2			25			29			37			(2	)		992

Total revenues		336			1,912			516			1,959			2,836			7,559			587			402			172			1,528			2,689			805			72			11,125

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			869			—			804			2,000			3,673			75			134			47			229			485			421			1			4,580
Interest credited		—			551			596			243			162			1,552			—			—			—			—			—			—			—			1,552
Acquisition and operating expenses, net of deferrals		264			140			10			129			344			887			84			54			81			781			1,000			131			57			2,075
Amortization of deferred acquisition costs and intangibles		2			174			2			130			109			417			19			19			6			319			363			33			18			831
Interest expense		—			5			—			205			1			211			3			—			—			25			28			—			242			481

Total benefits and expenses		266			1,739			608			1,511			2,616			6,740			181			207			134			1,354			1,876			585			318			9,519

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		70			173			(92	)		448			220			819			406			195			38			174			813			220			(246	)		1,606
Provision (benefit) for income taxes		26			22			(33	)		161			78			254			137			39			10			47			233			49			(84	)		452

INCOME (LOSS) FROM CONTINUING OPERATIONS		44			151			(59	)		287			142			565			269			156			28			127			580			171			(162	)		1,154

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		—			61			102			23			11			197			1			—			1			3			5			(4	)		7			205
Expenses related to reorganization, net of taxes		—			—			—			—			—			—			—			—			—			—			—			—			14			14

NET OPERATING INCOME (LOSS)	$	44		$	212		$	43		$	310		$	153		$	762		$	270		$	156		$	29		$	130		$	585		$	167		$	(141	)	$	1,373


Effective tax rate (operating income (loss))		36.8	%		20.8	%		34.3	%		35.6	%		35.4	%		32.0	%		33.8	%		20.1	%		27.0	%		27.5	%		28.8	%		22.0	%		33.2	%		29.4	%

⁽¹⁾	Includes inter-segment eliminations.

Retirement and Protection

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income—Retirement and Protection

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	896		$	958		$	885		$	920		$	3,659		$	872		$	861		$	887		$	874		$	3,494
Net investment income		708			730			755			807			3,000			856			893			860			844			3,453
Net investment gains (losses)		(125	)		(702	)		(511	)		(210	)		(1,548	)		(214	)		(38	)		(45	)		(19	)		(316	)
Insurance and investment product fees and other		264			322			234			239			1,059			249			233			227			219			928

Total revenues		1,743			1,308			1,363			1,756			6,170			1,763			1,949			1,929			1,918			7,559

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		980			1,048			930			979			3,937			929			919			917			908			3,673
Interest credited		309			319			320			345			1,293			385			391			391			385			1,552
Acquisition and operating expenses, net of deferrals		247			234			229			227			937			233			220			222			212			887
Amortization of deferred acquisition costs and intangibles		451			50			100			89			690			105			96			112			104			417
Interest expense		48			38			39			47			172			58			59			51			43			211

Total benefits and expenses		2,035			1,689			1,618			1,687			7,029			1,710			1,685			1,693			1,652			6,740

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(292	)		(381	)		(255	)		69			(859	)		53			264			236			266			819
Provision (benefit) for income taxes		(20	)		(156	)		(88	)		25			(239	)		14			64			83			93			254

INCOME (LOSS) FROM CONTINUING OPERATIONS		(272	)		(225	)		(167	)		44			(620	)		39			200			153			173			565

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		71			403			317			118			909			135			23			27			12			197
Expenses related to reorganization, net of taxes		12			—			—			—			12

NET OPERATING INCOME (LOSS)	$	(189	)	$	178		$	150		$	162		$	301		$	174		$	223		$	180		$	185		$	762


Effective tax rate (operating income (loss))		-15.8	%		25.6	%		35.6	%		35.1	%		46.0	%		32.9	%		25.7	%		35.0	%		35.0	%		32.0	%

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income, Sales and Assets Under Management—Wealth Management

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		—			—			1			1			2			2			2			1			1			6
Net investment gains (losses)		(2	)		—			—			—			(2	)		—			—			—			—			—
Insurance and investment product fees and other		73			86			85			86			330			88			86			81			75			330

Total revenues		71			86			86			87			330			90			88			82			76			336

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—			—			—			—			—
Interest credited		—			—			—			—			—			—			—			—			—			—
Acquisition and operating expenses, net of deferrals		59			67			67			67			260			70			69			65			60			264
Amortization of deferred acquisition costs and intangibles		—			1			1			1			3			1			1			—			—			2
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		59			68			68			68			263			71			70			65			60			266

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		12			18			18			19			67			19			18			17			16			70
Provision for income taxes		5			6			7			7			25			7			7			6			6			26

INCOME FROM CONTINUING OPERATIONS		7			12			11			12			42			12			11			11			10			44

ADJUSTMENT TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		1			—			—			—			1			—			—			—			—			—

NET OPERATING INCOME	$	8		$	12		$	11		$	12		$	43		$	12		$	11		$	11		$	10		$	44


Effective tax rate (operating income)		38.4	%		37.1	%		36.8	%		36.8	%		37.2	%		37.5	%		36.6	%		36.6	%		36.4	%		36.8	%

SALES:
Sales by Distribution Channel:
Independent Producers	$	878		$	1,058		$	1,229		$	1,105		$	4,270		$	1,217		$	1,382		$	1,427		$	1,400		$	5,426
Dedicated Sales Specialists		99			172			176			175			622			257			283			332			312			1,184

Total Sales	$	977		$	1,230		$	1,405		$	1,280		$	4,892		$	1,474		$	1,665		$	1,759		$	1,712		$	6,610


ASSETS UNDER MANAGEMENT:
Beginning of period	$	18,671		$	20,285		$	20,461		$	21,584		$	21,584		$	21,662		$	20,683		$	18,806		$	17,293		$	17,293
Gross flows		977			1,230			1,405			1,280			4,892			1,474			1,665			1,759			1,712			6,610
Redemptions		(1,447	)		(1,047	)		(1,044	)		(1,080	)		(4,618	)		(797	)		(567	)		(494	)		(431	)		(2,289	)

Net flows		(470	)		183			361			200			274			677			1,098			1,265			1,281			4,321
Market performance		(2,754	)		(1,797	)		(537	)		(1,323	)		(6,411	)		(755	)		(119	)		612			232			(30	)

End of period	$	15,447		$	18,671		$	20,285		$	20,461		$	15,447		$	21,584		$	21,662		$	20,683		$	18,806		$	21,584

Wealth Management results represent Genworth Financial Wealth Management, Inc., Genworth Financial Advisors Corporation, Genworth Financial Trust Company and Capital Brokerage Corporation. On August 1, 2008, Genworth Financial Asset Management, Inc. merged into AssetMark Investment Services, Inc. with AssetMark Investment Services, Inc. being the surviving entity. AssetMark Investment Services, Inc. subsequently changed its name to Genworth Financial Wealth Management, Inc. on August 1, 2008.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss)—Retirement Income

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	105		$	181		$	111		$	167		$	564		$	135		$	118		$	151		$	154		$	558
Net investment income		279			280			291			302			1,152			304			323			315			324			1,266
Net investment gains (losses)		(253	)		(325	)		(105	)		(93	)		(776	)		(55	)		(24	)		(22	)		(9	)		(110	)
Insurance and investment product fees and other		49			51			54			54			208			55			53			46			44			198

Total revenues		180			187			351			430			1,148			439			470			490			513			1,912

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		231			278			191			252			952			218			198			221			232			869
Interest credited		128			130			129			128			515			130			134			142			145			551
Acquisition and operating expenses, net of deferrals		51			39			42			38			170			37			32			37			34			140
Amortization of deferred acquisition costs and intangibles		374			(12	)		28			23			413			44			44			41			45			174
Interest expense		—			1			1			1			3			1			2			1			1			5

Total benefits and expenses		784			436			391			442			2,053			430			410			442			457			1,739

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(604	)		(249	)		(40	)		(12	)		(905	)		9			60			48			56			173
Provision (benefit) for income taxes		(132	)		(106	)		—			(6	)		(244	)		(2	)		(8	)		16			16			22

INCOME (LOSS) FROM CONTINUING OPERATIONS		(472	)		(143	)		(40	)		(6	)		(661	)		11			68			32			40			151

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		156			158			53			42			409			30			14			11			6			61
Expenses related to reorganization, net of taxes		6			—			—			—			6			—			—			—			—			—

NET OPERATING INCOME (LOSS)	$	(310	)	$	15		$	13		$	36		$	(246	)	$	41		$	82		$	43		$	46		$	212


Effective tax rate (operating income (loss))		12.6	%		442.3	%		70.6	%		31.4	%		7.7	%		26.4	%		-0.2	%		33.4	%		29.6	%		20.8	%

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) and Sales—Retirement Income—Fee-Based

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		8			2			3			3			16			3			3			5			4			15
Net investment gains (losses)		31			(82	)		7			(35	)		(79	)		(9	)		(9	)		1			—			(17	)
Insurance and investment product fees and other		42			48			51			51			192			51			48			41			38			178

Total revenues		81			(32	)		61			19			129			45			42			47			42			176

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		36			11			8			5			60			4			4			(1	)		4			11
Interest credited		3			4			3			4			14			4			3			4			4			15
Acquisition and operating expenses, net of deferrals		25			14			16			13			68			13			10			12			10			45
Amortization of deferred acquisition costs and intangibles		181			(18	)		18			4			185			14			10			7			7			38
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		245			11			45			26			327			35			27			22			25			109

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(164	)		(43	)		16			(7	)		(198	)		10			15			25			17			67
Provision (benefit) for income taxes		(44	)		(19	)		8			(4	)		(59	)		(1	)		(19	)		7			2			(11	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		(120	)		(24	)		8			(3	)		(139	)		11			34			18			15			78

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		8			23			(2	)		13			42			6			6			(1	)		—			11
Expenses related to reorganization, net of taxes		3			—			—			—			3			—			—			—			—			—

NET OPERATING INCOME (LOSS)	$	(109	)	$	(1	)	$	6		$	10		$	(94	)	$	17		$	40		$	17		$	15		$	89


Effective tax rate (operating income (loss))		25.7	%		86.9	%		56.4	%		21.9	%		27.1	%		12.1	%		-65.7	%		28.7	%		10.9	%		-5.5	%
SALES:
Sales by Product:
Income Distribution Series⁽¹⁾	$	270		$	499		$	585		$	586		$	1,940		$	606		$	528		$	472		$	409		$	2,015
Traditional Variable Annuities⁽²⁾		41			97			118			113			369			151			136			153			134			574
Variable Life		—			—			2			1			3			3			1			3			1			8
Total Sales

	$	311		$	596		$	705		$	700		$	2,312		$	760		$	665		$	628		$	544		$	2,597

Sales by Distribution Channel:
Financial Intermediaries	$	278		$	545		$	662		$	660		$	2,145		$	716		$	609		$	592		$	513		$	2,430
Independent Producers		8			17			15			12			52			10			20			13			12			55
Dedicated Sales Specialists		25			34			28			28			115			34			36			23			19			112

Total Sales	$	311		$	596		$	705		$	700		$	2,312		$	760		$	665		$	628		$	544		$	2,597

⁽¹⁾

The Income Distribution Series products are comprised of our retirement income deferred and immediate variable annuity products, including those variable annuity products with rider options that provide similar income features. These products do not include fixed single premium immediate or deferred annuities, which may also serve income distribution needs.

⁽²⁾

Our Traditional Variable Annuities include products that provide the potential for tax deferred growth on the policyholder’s premium. These products do not provide the opportunity for a living benefit through guaranteed minimum withdrawal benefits; however, similar to the Income Distribution Series products, they do provide a variety of guaranteed minimum death benefit options.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Selected Operating Performance Measures—Retirement Income—Fee-Based

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
Income Distribution Series⁽¹⁾
Account value, net of reinsurance, beginning of period	$	5,372		$	5,308		$	4,877		$	4,535		$	4,535		$	3,978		$	3,361		$	2,813		$	2,402		$	2,402
Deposits		287			506			596			595			1,984			625			543			482			421			2,071
Surrenders, benefits and product charges		(135	)		(115	)		(112	)		(105	)		(467	)		(98	)		(78	)		(66	)		(60	)		(302	)

Net flows		152			391			484			490			1,517			527			465			416			361			1,769
Interest credited and investment performance		(290	)		(327	)		(53	)		(148	)		(818	)		30			152			132			50			364

Account value, net of reinsurance, end of period		5,234			5,372			5,308			4,877			5,234			4,535			3,978			3,361			2,813			4,535

Traditional Variable Annuities⁽²⁾
Account value, net of reinsurance, beginning of period		2,014			2,278			2,241			2,345			2,345			2,262			2,098			1,905			1,780			1,780
Deposits		40			92			105			108			345			148			133			149			130			560
Surrenders, benefits and product charges		(71	)		(66	)		(63	)		(59	)		(259	)		(50	)		(48	)		(56	)		(41	)		(195	)

Net flows		(31	)		26			42			49			86			98			85			93			89			365
Interest credited and investment performance		(227	)		(290	)		(5	)		(153	)		(675	)		(15	)		79			100			36			200

Account value, net of reinsurance, end of period		1,756			2,014			2,278			2,241			1,756			2,345			2,262			2,098			1,905			2,345

Variable Life Insurance
Account value, beginning of the period		324			373			371			403			403			414			408			396			391			391
Deposits		3			4			5			5			17			6			6			7			5			24
Surrenders, benefits and product charges		(8	)		(15	)		(10	)		(10	)		(43	)		(13	)		(15	)		(14	)		(12	)		(54	)

Net flows		(5	)		(11	)		(5	)		(5	)		(26	)		(7	)		(9	)		(7	)		(7	)		(30	)
Interest credited and investment performance		(53	)		(38	)		7			(27	)		(111	)		(4	)		15			19			12			42

Account value, end of period		266			324			373			371			266			403			414			408			396			403

Total Retirement Income—Fee-Based	$	7,256		$	7,710		$	7,959		$	7,489		$	7,256		$	7,283		$	6,654		$	5,867		$	5,114		$	7,283

(1)

(2)

Our Traditional Variable Annuities include products that provide the potential for tax deferred growth on the policyholder's premium. These products do not provide the opportunity for a living benefit through guaranteed minimum withdrawal benefits; however, similar to the Income Distribution Series products, they do provide a variety of guaranteed minimum death benefit options.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) and Sales—Retirement Income—Spread-Based

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	105		$	181		$	111		$	167		$	564		$	135		$	118		$	151		$	154		$	558
Net investment income		271			278			288			299			1,136			301			320			310			320			1,251
Net investment gains (losses)		(284	)		(243	)		(112	)		(58	)		(697	)		(46	)		(15	)		(23	)		(9	)		(93	)
Insurance and investment product fees and other		7			3			3			3			16			4			5			5			6			20

Total revenues		99			219			290			411			1,019			394			428			443			471			1,736

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		195			267			183			247			892			214			194			222			228			858
Interest credited		125			126			126			124			501			126			131			138			141			536
Acquisition and operating expenses, net of deferrals		26			25			26			25			102			24			22			25			24			95
Amortization of deferred acquisition costs and intangibles		193			6			10			19			228			30			34			34			38			136
Interest expense		—			1			1			1			3			1			2			1			1			5

Total benefits and expenses		539			425			346			416			1,726			395			383			420			432			1,630

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(440	)		(206	)		(56	)		(5	)		(707	)		(1	)		45			23			39			106
Provision (benefit) for income taxes		(88	)		(87	)		(8	)		(2	)		(185	)		(1	)		11			9			14			33

INCOME (LOSS) FROM CONTINUING OPERATIONS		(352	)		(119	)		(48	)		(3	)		(522	)		—			34			14			25			73

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		148			135			55			29			367			24			8			12			6			50
Expenses related to reorganization, net of taxes		3			—			—			—			3			—			—			—			—			—

NET OPERATING INCOME (LOSS)	$	(201	)	$	16		$	7		$	26		$	(152	)	$	24		$	42		$	26		$	31		$	123


Effective tax rate (operating income (loss))		3.5	%		-408.1	%		76.6	%		34.7	%		-10.3	%		34.3	%		26.9	%		36.1	%		36.2	%		32.9	%

SALES:
Sales by Product:
Structured Settlements	$	1		$	—		$	—		$	3		$	4		$	12		$	5		$	30		$	47		$	94
Single Premium Immediate Annuities		161			259			150			240			810			189			208			218			200			815
Fixed Annuities		426			468			298			408			1,600			185			145			106			167			603

Total Sales	$	588		$	727		$	448		$	651		$	2,414		$	386		$	358		$	354		$	414		$	1,512

Sales by Distribution Channel:
Financial Intermediaries	$	341		$	572		$	360		$	541		$	1,814		$	299		$	250		$	239		$	275		$	1,063
Independent Producers		230			146			82			103			561			82			99			109			131			421
Dedicated Sales Specialists		17			9			6			7			39			5			9			6			8			28

Total Sales	$	588		$	727		$	448		$	651			2,414		$	386		$	358		$	354		$	414		$	1,512


PREMIUMS BY PRODUCT:
Single Premium Immediate Annuities	$	105		$	181		$	111		$	165		$	562		$	124		$	114		$	124		$	111		$	473
Structured Settlements		—			—			—			2			2			11			4			27			43			85

Total Premiums	$	105		$	181		$	111		$	167		$	564		$	135		$	118		$	151		$	154		$	558

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Selected Operating Performance Measures—Retirement Income—Spread-Based

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
Fixed Annuities
Account value, net of reinsurance, beginning of period	$	12,174		$	12,130		$	12,141		$	12,073		$	12,073		$	12,368		$	12,886		$	13,522		$	13,972		$	13,972
Deposits		447			514			333			436			1,730			215			184			144			207			750
Surrenders, benefits and product charges		(734	)		(576	)		(449	)		(474	)		(2,233	)		(618	)		(815	)		(899	)		(781	)		(3,113	)

Net flows		(287	)		(62	)		(116	)		(38	)		(503	)		(403	)		(631	)		(755	)		(574	)		(2,363	)
Interest credited		109			106			105			106			426			108			113			119			124			464

Account value, net of reinsurance, end of period		11,996			12,174			12,130			12,141			11,996			12,073			12,368			12,886			13,522			12,073

Single Premium Immediate Annuities
Account value, net of reinsurance, beginning of period		6,956			6,781			6,781			6,668			6,668			6,458			6,367			6,261			6,174			6,174
Premiums and deposits		230			280			188			291			989			226			247			261			237			971
Surrenders, benefits and product charges		(323	)		(197	)		(278	)		(267	)		(1,065	)		(102	)		(241	)		(240	)		(234	)		(817	)

Net flows		(93	)		83			(90	)		24			(76	)		124			6			21			3			154
Interest credited		94			92			90			89			365			86			85			85			84			340

Account value, net of reinsurance, end of period		6,957			6,956			6,781			6,781			6,957			6,668			6,458			6,367			6,261			6,668

Structured Settlements
Account value, net of reinsurance, beginning of period		1,106			1,107			1,105			1,103			1,103			1,092			1,088			1,058			1,011			1,011
Premiums and deposits		—			—			1			2			3			12			5			30			47			94
Surrenders, benefits and product charges		(15	)		(15	)		(13	)		(14	)		(57	)		(15	)		(15	)		(15	)		(14	)		(59	)

Net flows		(15	)		(15	)		(12	)		(12	)		(54	)		(3	)		(10	)		15			33			35
Interest credited		15			14			14			14			57			14			14			15			14			57

Account value, net of reinsurance, end of period		1,106			1,106			1,107			1,105			1,106			1,103			1,092			1,088			1,058			1,103

Total Retirement Income—Spread-Based, net of reinsurance	$	20,059		$	20,236		$	20,018		$	20,027		$	20,059		$	19,844		$	19,918		$	20,341		$	20,841		$	19,844

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income and Sales—Institutional

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Net investment income		61			87			100			135			383			167			175			167			166			675
Net investment gains (losses)		(269	)		(206	)		(303	)		(59	)		(837	)		(128	)		(20	)		(6	)		(5	)		(159	)
Insurance and investment product fees and other		40			81			—			—			121			—			—			—			—			—

Total revenues		(168	)		(38	)		(203	)		76			(333	)		39			155			161			161			516

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			—			—			—			—			—			—			—			—			—
Interest credited		74			80			86			115			355			149			157			149			141			596
Acquisition and operating expenses, net of deferrals		1			2			2			2			7			2			3			2			3			10
Amortization of deferred acquisition costs and intangibles		1			14			1			1			17			1			—			1			—			2
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		76			96			89			118			379			152			160			152			144			608

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(244	)		(134	)		(292	)		(42	)		(712	)		(113	)		(5	)		9			17			(92	)
Provision (benefit) for income taxes		(84	)		(49	)		(101	)		(14	)		(248	)		(40	)		(2	)		3			6			(33	)

INCOME (LOSS) FROM CONTINUING OPERATIONS		(160	)		(85	)		(191	)		(28	)		(464	)		(73	)		(3	)		6			11			(59	)

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		175			134			196			39			544			82			13			4			3			102

NET OPERATING INCOME	$	15		$	49		$	5		$	11		$	80		$	9		$	10		$	10		$	14		$	43


Effective tax rate (operating income)		41.2	%		32.0	%		51.6	%		34.0	%		35.8	%		31.3	%		34.7	%		35.1	%		35.5	%		34.3	%

SALES:
Sales by Product:
Guaranteed Investment Contracts (GICs)	$	—		$	68		$	184		$	44		$	296		$	32		$	24		$	42		$	22		$	120
Funding Agreements Backing Notes		—			48			675			107			830			520			200			650			600			1,970
Funding Agreements		243			342			75			—			660			—			—			315			—			315

Total Sales	$	243		$	458		$	934		$	151		$	1,786		$	552		$	224		$	1,007		$	622		$	2,405

Institutional products when sold are executed through specialized brokers and investment brokers, as well as directly to the contractholder.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Selected Operating Performance Measures—Institutional

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
GICs, Funding Agreements and Funding Agreements Backing Notes
Account value, beginning of period	$	9,253		$	10,773		$	10,655		$	10,982		$	10,982		$	11,292		$	11,515		$	10,724		$	10,483		$	10,483
Deposits⁽¹⁾		243			558			1,128			251			2,180			762			323			1,107			722			2,914
Surrenders and benefits⁽¹⁾		(1,491	)		(2,149	)		(1,099	)		(727	)		(5,466	)		(1,226	)		(710	)		(460	)		(629	)		(3,025	)

Net flows		(1,248	)		(1,591	)		29			(476	)		(3,286	)		(464	)		(387	)		647			93			(111	)
Interest credited		89			94			96			117			396			147			154			147			141			589
Foreign currency translation		10			(23	)		(7	)		32			12			7			10			(3	)		7			21

Account value, end of period	$	8,104		$	9,253		$	10,773		$	10,655		$	8,104		$	10,982		$	11,292		$	11,515		$	10,724		$	10,982

By Contract Type:
Guaranteed Investment Contracts	$	1,177		$	1,392		$	1,478		$	1,449					$	1,602		$	1,790		$	1,921		$	2,073
Funding Agreements Backing Notes		5,718			5,988			7,349			6,909						6,721			6,591			6,578			5,953
Funding Agreements		1,209			1,873			1,946			2,297						2,659			2,911			3,016			2,698

Total	$	8,104		$	9,253		$	10,773		$	10,655					$	10,982		$	11,292		$	11,515		$	10,724

Funding Agreements By Liquidity Provisions:
90 day—Putable	$	—		$	—		$	350		$	180					$	170		$	270		$	375		$	425
180 day—Putable		—			—			200			345						500			500			500			450
No put		250			955			550			925						1,135			1,285			1,285			1,235
Rolling maturity:⁽²⁾
No extension and mature in next 12 months		375			475			740			740						290			265			—			—
Extendible with 12 and 13 months rolling maturity		—			100			100			100						550			575			840			575
Funding agreements with maturities greater than 12 months		580			337			—			—						—			—			—			—
Accrued interest		4			6			6			7						14			16			16			13

Total funding agreements	$	1,209		$	1,873		$	1,946		$	2,297					$	2,659		$	2,911		$	3,016		$	2,698

⁽¹⁾

“Surrenders and benefits” include contracts that have matured but are redeposited with us and reflected as deposits. For the three months ended December 31, 2008 and 2007, contracts matured and were redeposited and are now reflected under “Deposits” amounted to zero and $210 million, respectively. For the twelve months ended December 31, 2008 and 2007, contracts included $295 million and $510 million, respectively, that were redeposited and reflected under “Deposits.”

⁽²⁾	Includes products having a 12 and 13 month rolling maturity.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income and Sales—Life Insurance

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	235		$	241		$	250		$	242		$	968		$	231		$	236		$	238		$	235		$	940
Net investment income		142			141			148			153			584			171			183			164			157			675
Net investment gains (losses)		(230	)		(137	)		(80	)		(26	)		(473	)		(29	)		4			(7	)		—			(32	)
Insurance and investment product fees and other		96			98			89			93			376			100			88			95			93			376

Total revenues		243			343			407			462			1,455			473			511			490			485			1,959

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		208			230			208			205			851			202			204			202			196			804
Interest credited		60			63			60			61			244			61			60			62			60			243
Acquisition and operating expenses, net of deferrals		41			37			34			37			149			35			32			31			31			129
Amortization of deferred acquisition costs and intangibles		44			18			39			35			136			35			27			36			32			130
Interest expense		48			37			38			46			169			56			57			50			42			205

Total benefits and expenses		401			385			379			384			1,549			389			380			381			361			1,511

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(158	)		(42	)		28			78			(94	)		84			131			109			124			448
Provision (benefit) for income taxes		(55	)		(16	)		(6	)		29			(48	)		29			47			39			46			161

INCOME (LOSS) FROM CONTINUING OPERATIONS		(103	)		(26	)		34			49			(46	)		55			84			70			78			287

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		149			89			53			16			307			21			(3	)		5			—			23
Expenses related to reorganization, net of taxes		3			—			—			—			3			—			—			—			—			—

NET OPERATING INCOME	$	49		$	63		$	87		$	65		$	264		$	76		$	81		$	75		$	78		$	310


Effective tax rate (operating income)		35.5	%		33.6	%		20.2	%		36.9	%		31.1	%		33.7	%		36.1	%		35.3	%		37.1	%		35.6	%

SALES:
Sales by Product:
Term Life	$	22		$	21		$	25		$	23		$	91		$	26		$	28		$	29		$	29		$	112
Universal Life:
Annualized first-year deposits		12			12			14			13			51			14			15			15			11			55
Excess deposits		29			43			46			43			161			64			53			41			48			206

Total Universal Life		41			55			60			56			212			78			68			56			59			261

Total Sales	$	63		$	76		$	85		$	79		$	303		$	104		$	96		$	85		$	88		$	373

Sales by Distribution Channel:
Financial Intermediaries	$	1		$	—		$	1		$	1		$	3		$	2		$	1		$	2		$	1		$	6
Independent Producers		62			76			84			78			300			102			95			83			87			367

Total Sales	$	63		$	76		$	85		$	79		$	303		$	104		$	96		$	85		$	88		$	373

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Life Insurance In-force

(amounts in millions)


	2008								2007
	Q4		Q3		Q2		Q1		Q4		Q3		Q2		Q1
Term life insurance
Life insurance in-force, net of reinsurance	$	480,641	$	491,032	$	481,430	$	476,503	$	464,411	$	457,001	$	449,654	$	439,380
Life insurance in-force before reinsurance	$	625,766	$	625,385	$	621,221	$	619,086	$	618,379	$	614,248	$	610,071	$	602,725

Universal and whole life insurance
Life insurance in-force, net of reinsurance	$	43,889	$	43,781	$	42,833	$	42,590	$	42,181	$	41,638	$	41,303	$	40,912
Life insurance in-force before reinsurance	$	51,308	$	51,043	$	51,851	$	51,534	$	51,175	$	50,737	$	50,290	$	49,834

Total life insurance
Life insurance in-force, net of reinsurance	$	524,530	$	534,813	$	524,263	$	519,093	$	506,592	$	498,639	$	490,957	$	480,292
Life insurance in-force before reinsurance	$	677,074	$	676,428	$	673,072	$	670,620	$	669,554	$	664,985	$	660,361	$	652,559

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income and Sales—Long-Term Care

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	556		$	536		$	524		$	511		$	2,127		$	506		$	507		$	498		$	485		$	1,996
Net investment income		226			222			215			216			879			212			210			213			196			831
Net investment gains (losses)		629			(34	)		(23	)		(32	)		540			(2	)		2			(10	)		(5	)		(15	)
Insurance and investment product fees and other		6			6			6			6			24			6			6			5			7			24

Total revenues		1,417			730			722			701			3,570			722			725			706			683			2,836

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		541			540			531			522			2,134			509			517			494			480			2,000
Interest credited		47			46			45			41			179			45			40			38			39			162
Acquisition and operating expenses, net of deferrals		95			89			84			83			351			89			84			87			84			344
Amortization of deferred acquisition costs and intangibles		32			29			31			29			121			24			24			34			27			109
Interest expense		—			—			—			—			—			1			—			—			—			1

Total benefits and expenses		715			704			691			675			2,785			668			665			653			630			2,616

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		702			26			31			26			785			54			60			53			53			220
Provision for income taxes		246			9			12			9			276			20			20			19			19			78

INCOME FROM CONTINUING OPERATIONS		456			17			19			17			509			34			40			34			34			142
ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(410	)		22			15			21			(352	)		2			(1	)		7			3			11
Expenses related to reorganization, net of taxes		3			—			—			—			3			—			—			—			—			—

NET OPERATING INCOME	$	49		$	39		$	34		$	38		$	160		$	36		$	39		$	41		$	37		$	153



Effective tax rate (operating income)		36.2	%		34.7	%		36.4	%		34.9	%		35.6	%		36.5	%		33.3	%		35.8	%		35.9	%		35.4	%

SALES:
Sales by Distribution Channel:
Financial Intermediaries	$	4		$	5		$	4		$	6		$	19		$	7		$	6		$	7		$	7		$	27
Independent Producers		17			23			24			23			87			25			25			23			24			97
Dedicated Sales Specialist		12			15			16			15			58			13			13			11			10			47

Total Individual Long-Term Care		33			43			44			44			164			45			44			41			41			171
Group Long-Term Care		5			1			1			1			8			1			—			1			—			2
Medicare Supplement and Other A&H		18			14			13			10			55			10			8			7			7			32
Linked-Benefits		8			6			8			7			29			10			8			5			4			27

Total Sales	$	64		$	64		$	66		$	62		$	256		$	66		$	60		$	54		$	52		$	232


LOSS RATIOS:
Total Long-Term Care
Earned Premiums	$	482		$	470		$	459		$	443		$	1,854		$	442		$	444		$	430		$	419		$	1,735
Loss Ratio⁽¹⁾		63.0	%		66.5	%		66.9	%		66.9	%		65.8	%		67.5	%		70.0	%		67.8	%		65.4	%		66.6	%
Gross Benefits Ratio⁽²⁾		102.0	%		104.6	%		105.2	%		105.6	%		104.3	%		105.0	%		106.4	%		103.9	%		101.0	%		102.5	%
Medicare Supplement and A&H⁽³⁾
Earned Premiums	$	73		$	68		$	68		$	68		$	277		$	66		$	65		$	69		$	67		$	267
Loss Ratio⁽¹⁾		64.7	%		69.6	%		70.5	%		76.2	%		70.1	%		66.2	%		66.8	%		68.4	%		80.7	%		74.5	%

⁽¹⁾	We calculate the loss ratio for our long-term care insurance product by dividing benefits and other changes in policy reserves less tabular interest on reserves less loss adjustment expenses by net earned premiums.

⁽²⁾	We calculate the gross benefits ratio by dividing the benefits and other changes in policy reserves by net earned premiums.

⁽³⁾	The Medicare Supplement and A&H earned premium and loss ratios do not include the linked-benefits product.

International

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income—International

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	533		$	587		$	628		$	609		$	2,357		$	623		$	572		$	509		$	493		$	2,197
Net investment income		117			146			148			138			549			138			131			113			88			470
Net investment gains (losses)		(5	)		(37	)		25			(7	)		(24	)		(2	)		—			(5	)		—			(7	)
Insurance and investment product fees and other		—			7			7			11			25			8			8			7			6			29

Total revenues		645			703			808			751			2,907			767			711			624			587			2,689

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		176			147			160			163			646			140			126			112			107			485
Acquisition and operating expenses, net of deferrals		246			254			273			258			1,031			266			281			229			224			1,000
Amortization of deferred acquisition costs and intangibles		72			87			97			103			359			96			94			86			87			363
Interest expense		6			19			8			7			40			8			6			10			4			28

Total benefits and expenses		500			507			538			531			2,076			510			507			437			422			1,876

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		145			196			270			220			831			257			204			187			165			813
Provision for income taxes		34			54			71			64			223			78			65			48			42			233

INCOME FROM CONTINUING OPERATIONS		111			142			199			156			608			179			139			139			123			580

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		4			24			(16	)		4			16			1			1			3			—			5
Expenses related to reorganization, net of taxes		9			—			—			—			9			—			—			—			—			—

NET OPERATING INCOME⁽¹⁾	$	124		$	166		$	183		$	160		$	633		$	180		$	140		$	142		$	123		$	585


Effective tax rate (operating income)		24.3	%		28.1	%		25.6	%		29.5	%		27.1	%		30.7	%		32.2	%		25.7	%		25.3	%		28.8	%

⁽¹⁾	Net operating income adjusted for foreign exchange for our International segment was $154 million and $614 million for the three and twelve months ended December 31, 2008, respectively.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income and Sales—International Mortgage Insurance—Canada

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4⁽¹⁾			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	125		$	137		$	139		$	133		$	534		$	142		$	108		$	94		$	83		$	427
Net investment income⁽²⁾		44			50			50			48			192			49			52			31			29			161
Net investment gains (losses)		(2	)		—			26			(6	)		18			—			(2	)		—			—			(2	)
Insurance and investment product fees and other		—			1			—			—			1			1			—			—			—			1

Total revenues		167			188			215			175			745			192			158			125			112			587

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		39			34			30			35			138			26			20			16			13			75
Acquisition and operating expenses, net of deferrals⁽²⁾		24			22			22			22			90			25			31			15			13			84
Amortization of deferred acquisition costs and intangibles		7			8			9			8			32			6			4			5			4			19
Interest expense		1			1			—			1			3			1			1			—			1			3

Total benefits and expenses		71			65			61			66			263			58			56			36			31			181

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		96			123			154			109			482			134			102			89			81			406
Provision for income taxes		31			43			54			38			166			46			35			30			26			137

INCOME FROM CONTINUING OPERATIONS		65			80			100			71			316			88			67			59			55			269

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		1			—			(17	)		4			(12	)		—			1			—			—			1
Expenses related to reorganization, net of taxes		1			—			—			—			1			—			—			—			—			—

NET OPERATING INCOME⁽³⁾	$	67		$	80		$	83		$	75		$	305		$	88		$	68		$	59		$	55		$	270


Effective tax rate (operating income)		31.9	%		35.2	%		35.0	%		35.0	%		34.4	%		34.4	%		34.2	%		33.3	%		32.6	%		33.8	%

SALES:
New Insurance Written (NIW)
Flow	$	4,800		$	8,000		$	7,500		$	4,900		$	25,200		$	8,100		$	11,000		$	9,600		$	6,000		$	34,700
Bulk		1,800			900			800			1,500			5,000			7,800			1,300			11,900			400			21,400

Total Canada NIW⁽⁴⁾	$	6,600		$	8,900		$	8,300		$	6,400		$	30,200		$	15,900		$	12,300		$	21,500		$	6,400		$	56,100

⁽¹⁾

Included in the results for the fourth quarter of 2007 were adjustments related to the premium recognition curve and loss factor updates. These adjustments favorably impacted net operating income by $13 million in the fourth quarter of 2007. For further details, see our fourth quarter 2007 financial supplement on our website at www.genworth.com.

⁽²⁾

The three months ended September 30, 2007 included a reclassification of expense of $16 million from net investment income to acquisition and operating expenses, net of deferrals. The reclassification was associated with exit fee accruals for the guarantee fund the Canadian government requires us to maintain in the event of insolvency. Prior periods were not restated as the adjustment was immaterial to the three months ended September 30, 2007 and all prior periods. The respective expense amount related to the third, second and first quarter of 2007 was $7 million, $6 million and $3 million, respectively.

⁽³⁾	Net operating income for our Canadian platform adjusted for foreign exchange was $81 million and $299 million for the three and twelve months ended December 31, 2008, respectively.

⁽⁴⁾	New insurance written for our Canadian platform adjusted for foreign exchange was $8,000 million and $30,100 million for the three and twelve months ended December 31, 2008, respectively.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income and Sales—International Mortgage Insurance—Australia

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4⁽¹⁾			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	72		$	78		$	85		$	86		$	321		$	71		$	73		$	72		$	68		$	284
Net investment income		28			38			38			35			139			33			30			31			22			116
Net investment gains (losses)		(1	)		(4	)		—			(1	)		(6	)		—			3			(2	)		—			1
Insurance and investment product fees and other		(1	)		—			1			—			—			—			—			—			1			1

Total revenues		98			112			124			120			454			104			106			101			91			402

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		34			38			35			35			142			33			36			34			31			134
Acquisition and operating expenses, net of deferrals		13			13			18			19			63			15			14			13			12			54
Amortization of deferred acquisition costs and intangibles		5			6			6			7			24			4			5			5			5			19
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		52			57			59			61			229			52			55			52			48			207

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		46			55			65			59			225			52			51			49			43			195
Provision for income taxes		8			10			15			12			45			12			13			7			7			39

INCOME FROM CONTINUING OPERATIONS		38			45			50			47			180			40			38			42			36			156

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		1			3			—			—			4			—			(2	)		2			—			—
Expenses related to reorganization, net of taxes		1			—			—			—			1			—			—			—			—			—

NET OPERATING INCOME⁽²⁾	$	40		$	48		$	50		$	47		$	185		$	40		$	36		$	44		$	36		$	156


Effective tax rate (operating income)		17.1	%		19.7	%		22.3	%		20.9	%		20.2	%		23.8	%		25.6	%		14.9	%		15.5	%		20.1	%

SALES:
New Insurance Written (NIW)
Flow	$	6,600		$	8,700		$	10,000		$	10,400		$	35,700		$	11,600		$	11,400		$	11,600		$	10,800		$	45,400
Bulk		300			600			600			1,000			2,500			900			7,000			5,900			2,300			16,100

Total Australia NIW⁽³⁾	$	6,900		$	9,300		$	10,600		$	11,400		$	38,200		$	12,500		$	18,400		$	17,500		$	13,100		$	61,500

⁽¹⁾

Included in the results for the fourth quarter of 2007 were adjustments related to the premium recognition curve and loss factor updates. These adjustments unfavorably impacted net operating income by $4 million in the fourth quarter of 2007. For further details, see our fourth quarter 2007 financial supplement on our website at www.genworth.com.

⁽²⁾	Net operating income for our Australian platform adjusted for foreign exchange was $51 million and $182 million for the three and twelve months ended December 31, 2008, respectively.

⁽³⁾	New insurance written for our Australian platform adjusted for foreign exchange was $9,100 million and $37,200 million for the three and twelve months ended December 31, 2008, respectively.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) and Sales—Other International Mortgage Insurance

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4⁽¹⁾			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	33		$	30		$	29		$	28		$	120		$	63		$	27		$	29		$	22		$	141
Net investment income		8			9			9			9			35			9			9			7			5			30
Net investment gains (losses)		2			(6	)		—			—			(4	)		—			—			(1	)		—			(1	)
Insurance and investment product fees and other		(1	)		—			—			1			—			1			1			—			—			2

Total revenues		42			33			38			38			151			73			37			35			27			172

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		34			26			19			21			100			21			10			11			5			47
Acquisition and operating expenses, net of deferrals		18			19			17			17			71			27			18			18			18			81
Amortization of deferred acquisition costs and intangibles		7			1			2			1			11			2			2			1			1			6
Interest expense		—			—			—			—			—			—			—			—			—			—

Total benefits and expenses		59			46			38			39			182			50			30			30			24			134

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(17	)		(13	)		—			(1	)		(31	)		23			7			5			3			38
Provision (benefit) for income taxes		(7	)		(7	)		(1	)		(1	)		(16	)		7			2			1			—			10

INCOME (LOSS) FROM CONTINUING OPERATIONS		(10	)		(6	)		1			—			(15	)		16			5			4			3			28

ADJUSTMENTS TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		(1	)		4			—			—			3			—			1			—			—			1
Expenses related to reorganization, net of taxes		3			—			—			—			3			—			—			—			—			—

NET OPERATING INCOME (LOSS)⁽²⁾	$	(8	)	$	(2	)	$	1		$	—		$	(9	)	$	16		$	6		$	4		$	3		$	29


Effective tax rate (operating income (loss))		40.7	%		74.7	%		219.7	%		154.3	%		56.8	%		30.7	%		30.2	%		21.2	%		-1.6	%		27.0	%

SALES:
New Insurance Written (NIW)
Flow	$	1,500		$	2,000		$	2,100		$	2,300		$	7,900		$	3,300		$	4,700		$	5,100		$	4,900		$	18,000
Bulk		—			1,100			500			700			2,300			900			800			400			3,800			5,900

Total Other International NIW⁽³⁾	$	1,500		$	3,100		$	2,600		$	3,000		$	10,200		$	4,200		$	5,500		$	5,500		$	8,700		$	23,900

⁽¹⁾

Included in the results for the fourth quarter of 2007 were adjustments related to the premium recognition curve and loss factor updates. These adjustments favorably impacted net operating income by $14 million in the fourth quarter of 2007. For further details, see our fourth quarter 2007 financial supplement on our website at www.genworth.com.

⁽²⁾	Net operating income (loss) for our Other International platform adjusted for foreign exchange was $(8) million for both the three and twelve months ended December 31, 2008.

⁽³⁾	New insurance written for our Other International platform adjusted for foreign exchange was $1,700 million and $9,700 million for the three and twelve months ended December 31, 2008, respectively.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—International Mortgage Insurance

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
Net Premiums Written
Canada	$	129		$	214		$	198		$	130		$	671		$	225		$	301		$	262		$	137		$	925
Australia		73			82			89			97			341			109			102			108			102			421
Other International⁽¹⁾		(62	)		10			5			18			(29	)		28			49			58			83			218

Total International Net Premiums Written	$	140		$	306		$	292		$	245		$	983		$	362		$	452		$	428		$	322		$	1,564

Loss Ratio⁽²⁾
Canada		32	%		25	%		21	%		26	%		26	%		18	%		18	%		17	%		16	%		18	%
Australia		47	%		48	%		41	%		41	%		44	%		46	%		49	%		47	%		46	%		47	%
Other International		99	%		87	%		70	%		71	%		83	%		33	%		38	%		37	%		24	%		33	%
Total International Loss Ratio		46	%		40	%		33	%		39	%		39	%		29	%		32	%		31	%		29	%		30	%
Expense Ratio⁽³⁾
Canada		23	%		14	%		16	%		23	%		18	%		13	%		12	%		7	%		12	%		11	%
Australia		25	%		22	%		27	%		27	%		25	%		18	%		18	%		17	%		17	%		17	%
Other International⁽¹⁾		-34	%		190	%		362	%		104	%		-277	%		100	%		38	%		34	%		23	%		40	%
Total International Expense Ratio		50	%		22	%		25	%		31	%		29	%		22	%		16	%		13	%		16	%		17	%
Expense Ratio Adjusted for Canada Reclassification⁽⁴⁾
Canada																				9	%		10	%		15	%		11	%
Total International Expense Ratio																				14	%		15	%		18	%		17	%
Primary Insurance In-force
Canada	$	171,500		$	192,800		$	194,100		$	185,000					$	187,900		$	172,400		$	150,000		$	119,700
Australia		184,500			207,500			249,900			234,600						221,400			224,500			205,100			185,200
Other International⁽¹⁾		49,400			64,300			71,500			72,400						68,500			65,000			59,800			56,000

Total International Primary Insurance In-force	$	405,400		$	464,600		$	515,500		$	492,000					$	477,800		$	461,900		$	414,900		$	360,900

Primary Risk In-force⁽⁵⁾
Canada
Flow	$	47,300		$	53,300		$	53,400		$	50,700					$	51,200		$	48,400		$	41,800		$	35,900
Bulk		12,700			14,200			14,500			14,100						14,600			11,900			10,700			6,000

Total Canada		60,000			67,500			67,900			64,800						65,800			60,300			52,500			41,900
Australia
Flow		56,700			63,700			76,500			71,600						67,200			68,200			64,100			59,300
Bulk		7,900			8,900			11,000			10,500						10,300			10,400			7,700			5,500

Total Australia		64,600			72,600			87,500			82,100						77,500			78,600			71,800			64,800
Other International
Flow⁽¹⁾		5,600			7,100			7,900			8,000						7,400			7,200			6,400			5,800
Bulk		700			800			800			800						700			700			900			1,100

Total Other International		6,300			7,900			8,700			8,800						8,100			7,900			7,300			6,900

Total International Primary Risk In-force	$	130,900		$	148,000		$	164,100		$	155,700					$	151,400		$	146,800		$	131,600		$	113,600

The loss and expense ratios included above are calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.

⁽¹⁾	Includes the impact of settlements and cancelled insurance contracts, primarily with lenders in Europe.

⁽²⁾

The ratio of incurred losses and loss adjustment expense to net premiums earned. In determining the pricing of our mortgage insurance products, we develop a pricing loss ratio which uses industry and company loss experience over a number of years, which incorporates both favorable and unfavorable economic environments, differing coverage levels and varying capital requirements. Actual results may vary from pricing loss ratios for a number of reasons, which include differing economic conditions and actual individual product and lender performance. New business pricing loss ratios for our international businesses are as follows: Canada 35%-40%, Australia 30%-40% and Europe 60%-65%.

⁽³⁾	The ratio of an insurer’s general expenses to net premiums written. In our business, general expenses consist of acquisition and insurance expenses, net of deferrals, and amortization of DAC and intangibles and excludes reorganization expenses.

⁽⁴⁾	Includes the impact of the adjustment referenced on page 36 related to the reclassification of guarantee fund fees from net investment income to acquisition and operating expenses, net of deferrals, in the third quarter of 2007.

⁽⁵⁾

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. This factor was 35% for all periods presented.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—International Mortgage Insurance—Canada

(dollar amounts in millions)


Primary Insurance	December 31, 2008			September 30, 2008			December 31, 2007
Insured loans in-force		1,168,884			1,141,020			1,066,171
Insured delinquent loans		2,940			2,517			2,046
Insured delinquency rate		0.25	%		0.22	%		0.19	%

Flow loans in-force		890,092			871,025			799,587
Flow delinquent loans		2,680			2,298			1,877
Flow delinquency rate		0.30	%		0.26	%		0.23	%

Bulk loans in-force		278,792			269,995			266,584
Bulk delinquent loans		260			219			169
Bulk delinquency rate		0.09	%		0.08	%		0.06	%

Loss Metrics	December 31, 2008			September 30, 2008			June 30, 2008
Beginning Reserves	$	127		$	117		$	106
Paid claims		(18	)		(21	)		(20	)
Increase (decrease) in reserves		39			35			30
Impact of changes in foreign exchange rates		(18	)		(4	)		1

Ending Reserves	$	130		$	127		$	117


	December 31, 2008						September 30, 2008					December 31, 2007
	% of Primary Risk In-force			Primary Delinquency Rate			% of Primary Risk In-force			Primary Delinquency Rate		% of Primary Risk In-force
Ontario		48	%		0.25	%		48	%	0.22	%		50	%
British Columbia		16			0.15	%		16		0.11	%		16
Alberta		15			0.31	%		15		0.24	%		14
Quebec		14			0.26	%		14		0.25	%		14
Nova Scotia		2			0.29	%		2		0.26	%		2
Saskatchewan		2			0.07	%		2		0.07	%		1
Manitoba		1			0.10	%		1		0.12	%		1
New Brunswick		1			0.24	%		1		0.23	%		1
All Other		1			0.19	%		1		0.20	%		1

Total		100	%		0.24	%		100	%	0.22	%		100	%


By Policy Year
2000 and Prior		8	%		0.04	%		9	%	0.04	%		10	%
2001		3			0.06	%		3		0.04	%		3
2002		5			0.07	%		5		0.07	%		6
2003		7			0.12	%		7		0.11	%		8
2004		10			0.20	%		10		0.20	%		11
2005		11			0.28	%		11		0.27	%		13
2006		13			0.49	%		14		0.45	%		16
2007		27			0.42	%		28		0.33	%		33
2008		16			0.11	%		13		0.06	%		—

Total		100	%		0.24	%		100	%	0.22	%		100	%


Loan Amount (in CAD)⁽¹⁾
Over $550K		3	%					3	%				2	%
$400K to $550K		6						6					5
$250K to $400K		27						26					25
$100K to $250K		56						57					59
$100K or Less		8						8					9

Total		100	%					100	%				100	%

Average Primary Loan Size (CAD in thousands)⁽¹⁾	$	181					$	180				$	173

⁽¹⁾	Loan amount and size presented in Canadian dollars.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—International Mortgage Insurance—Australia

(dollar amounts in millions)


Primary Insurance	December 31, 2008			September 30, 2008			December 31, 2007
Insured loans in-force		1,426,277			1,426,729			1,390,016
Insured delinquent loans		5,675			5,121			4,671
Insured delinquency rate		0.40	%		0.36	%		0.34	%

Flow loans in-force		1,247,218			1,247,313			1,201,975
Flow delinquent loans		5,573			5,018			4,611
Flow delinquency rate		0.45	%		0.40	%		0.38	%

Bulk loans in-force		179,059			179,416			188,041
Bulk delinquent loans		102			103			60
Bulk delinquency rate		0.06	%		0.06	%		0.03	%

Loss Metrics	December 31, 2008			September 30, 2008			June 30, 2008
Beginning Reserves	$	141		$	164		$	157
Paid claims		(21	)		(31	)		(36	)
Increase (decrease) in reserves		34			38			35
Impact of changes in foreign exchange rates		(16	)		(30	)		8

Ending Reserves	$	138		$	141		$	164


	December 31, 2008						September 30, 2008					December 31, 2007
	% of Primary Risk In-force			Primary Delinquency Rate			% of Primary Risk In-force			Primary Delinquency Rate		% of Primary Risk In-force
New South Wales		33	%		0.70	%		33	%	0.68	%		34	%
Victoria		22			0.31	%		22		0.29	%		22
Queensland		21			0.23	%		21		0.19	%		21
Western Australia		10			0.19	%		10		0.15	%		9
South Australia		5			0.23	%		5		0.18	%		5
New Zealand		4			0.79	%		4		0.41	%		4
Australian Capital Territory		2			0.09	%		2		0.07	%		2
Tasmania		2			0.14	%		2		0.14	%		2
Northern Territory		1			0.08	%		1		0.13	%		1

Total		100	%		0.40	%		100	%	0.36	%		100	%


By Policy Year
2000 and Prior		10	%		0.02	%		10	%	0.03	%		10	%
2001		3			0.06	%		3		0.05	%		4
2002		6			0.11	%		6		0.11	%		7
2003		7			0.25	%		8		0.25	%		9
2004		9			0.56	%		10		0.55	%		11
2005		13			0.74	%		14		0.59	%		16
2006		17			0.79	%		18		0.65	%		21
2007		19			0.57	%		19		0.43	%		22
2008		16			0.14	%		12		0.08	%		—

Total		100	%		0.40	%		100	%	0.38	%		100	%


Loan Amount (in AUD)⁽¹⁾
Over $550K		10	%					10	%				9	%
$400K to $550K		12						12					12
$250K to $400K		33						33					32
$100K to $250K		37						37					38
$100K or Less		8						8					9

Total		100	%					100	%				100	%

Average Primary Loan Size (AUD in thousands)⁽¹⁾	$	186					$	184				$	159

⁽¹⁾	Loan amount and size presented in Australian dollars.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Selected Key Performance Measures—International Mortgage Insurance

(amounts in millions)


Risk In-force by Loan-To-Value Ratio⁽¹⁾	December 31, 2008						September 30, 2008
	Primary		Flow		Bulk		Primary		Flow		Bulk
Canada
95.01% and above	$	19,683	$	19,683	$	—	$	21,945	$	21,945	$	—
90.01% to 95.00%		15,889		15,887		2		18,029		18,026		2
80.01% to 90.00%		10,620		9,875		745		11,988		11,268		720
80.00% and below		13,835		1,835		12,000		15,503		2,082		13,422

Total Canada	$	60,027	$	47,280	$	12,747	$	67,465	$	53,321	$	14,144


Australia
95.01% and above	$	8,226	$	8,225	$	1	$	8,671	$	8,670	$	1
90.01% to 95.00%		11,065		11,054		10		12,411		12,399		12
80.01% to 90.00%		15,579		15,459		119		17,506		17,371		136
80.00% and below		29,700		21,967		7,733		34,055		25,296		8,758

Total Australia	$	64,570	$	56,707	$	7,863	$	72,643	$	63,736	$	8,907


Other International
95.01% and above	$	1,669	$	1,659	$	9	$	2,381	$	2,327	$	54
90.01% to 95.00%		2,416		2,299		117		2,888		2,760		128
80.01% to 90.00%		1,993		1,460		533		2,369		1,827		542
80.00% and below		225		159		66		236		161		75

Total Other International	$	6,303	$	5,578	$	725	$	7,874	$	7,075	$	799

Amounts may not total due to rounding.

⁽¹⁾	Loan amount in loan-to-value ratio calculation includes capitalized premiums, where applicable.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income and Sales—Lifestyle Protection

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	303		$	342		$	375		$	362		$	1,382		$	347		$	364		$	314		$	320		$	1,345
Net investment income		37			49			51			46			183			47			40			44			32			163
Net investment gains (losses)		(4	)		(27	)		(1	)		—			(32	)		(2	)		(1	)		(2	)		—			(5	)
Insurance and investment product fees and other		2			6			6			10			24			6			7			7			5			25

Total revenues		338			370			431			418			1,557			398			410			363			357			1,528

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		69			49			76			72			266			60			60			51			58			229
Acquisition and operating expenses, net of deferrals		191			200			216			200			807			199			218			183			181			781
Amortization of deferred acquisition costs and intangibles		53			72			80			87			292			84			83			75			77			319
Interest expense		5			18			8			6			37			7			5			10			3			25

Total benefits and expenses		318			339			380			365			1,402			350			366			319			319			1,354

INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		20			31			51			53			155			48			44			44			38			174
Provision for income taxes		2			8			3			15			28			13			15			10			9			47

INCOME FROM CONTINUING OPERATIONS		18			23			48			38			127			35			29			34			29			127

ADJUSTMENTS TO INCOME FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		3			17			1			—			21			1			1			1			—			3
Expenses related to reorganization, net of taxes		4			—			—			—			4			—			—			—			—			—

NET OPERATING INCOME⁽¹⁾	$	25		$	40		$	49		$	38		$	152		$	36		$	30		$	35		$	29		$	130


Effective tax rate (operating income)		18.9	%		27.6	%		8.7	%		28.2	%		21.2	%		27.8	%		35.1	%		23.3	%		22.8	%		27.5	%

SALES:
Lifestyle Protection
Traditional indemnity premiums	$	306		$	333		$	390		$	334		$	1,363		$	362		$	378		$	584		$	364		$	1,688
Premium equivalents for administrative services only business		11			20			30			35			96			33			44			40			50			167
Reinsurance premiums assumed accounted for under the deposit method		148			260			301			270			979			253			232			244			172			901

Total Lifestyle Protection⁽²⁾		465			613			721			639			2,438			648			654			868			586			2,756
Mexico operations		19			23			20			21			83			22			19			18			19			78

Total Sales	$	484		$	636		$	741		$	660		$	2,521		$	670		$	673		$	886		$	605		$	2,834


SALES BY REGION:
Lifestyle Protection
Established European Regions
Western region	$	61		$	88		$	120		$	130		$	399		$	129		$	173		$	175		$	198		$	675
Central region		138			153			182			153			626			150			157			146			122			575
Southern region		101			140			174			137			552			152			127			145			112			536
Nordic region		63			82			97			85			327			78			73			77			68			296
New Markets		33			71			63			56			223			61			50			43			34			188
Structured Deals⁽³⁾		69			79			85			78			311			78			74			282			52			486

Total Lifestyle Protection		465			613			721			639			2,438			648			654			868			586			2,756
Mexico operations		19			23			20			21			83			22			19			18			19			78

Total Sales	$	484		$	636		$	741		$	660		$	2,521		$	670		$	673		$	886		$	605		$	2,834

⁽¹⁾	Net operating income adjusted for foreign exchange for our lifestyle protection business was $30 million and $143 million for the three and twelve months ended December 31, 2008, respectively.

⁽²⁾	Sales adjusted for foreign exchange for our lifestyle protection business was $532 million and $2,345 million for the three and twelve months ended December 31, 2008, respectively.

⁽³⁾	Structured deals represent in-force blocks of business acquired through reinsurance arrangements and ongoing reciprocal arrangements in place with certain clients.

U.S. Mortgage Insurance

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Income (Loss) and Sales—U.S. Mortgage Insurance

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	182		$	185		$	190		$	183		$	740		$	171		$	159		$	148		$	137		$	615
Net investment income		33			36			36			37			142			36			38			36			37			147
Net investment gains (losses)		(15	)		(45	)		1			1			(58	)		5			1			—			—			6
Insurance and investment product fees and other		4			4			11			8			27			12			8			10			7			37

Total revenues		204			180			238			229			851			224			206			194			181			805

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		366			301			295			259			1,221			186			123			60			52			421
Acquisition and operating expenses, net of deferrals		32			33			36			37			138			35			30			34			32			131
Amortization of deferred acquisition costs and intangibles		14			68			11			9			102			7			10			8			8			33

Total benefits and expenses		412			402			342			305			1,461			228			163			102			92			585

INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(208	)		(222	)		(104	)		(76	)		(610	)		(4	)		43			92			89			220
Provision (benefit) for income taxes		(83	)		(73	)		(45	)		(41	)		(242	)		(4	)		3			26			24			49

INCOME (LOSS) FROM CONTINUING OPERATIONS		(125	)		(149	)		(59	)		(35	)		(368	)		—			40			66			65			171

ADJUSTMENT TO INCOME (LOSS) FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		11			28			—			(1	)		38			(3	)		(1	)		—			—			(4	)

NET OPERATING INCOME (LOSS)	$	(114	)	$	(121	)	$	(59	)	$	(36	)	$	(330	)	$	(3	)	$	39		$	66		$	65		$	167


Effective tax rate (operating income (loss))		40.1	%		32.2	%		43.4	%		53.9	%		40.1	%		65.2	%		7.1	%		28.2	%		27.1	%		22.0	%

SALES:
New Insurance Written (NIW)
Flow	$	3,200		$	6,200		$	14,000		$	15,000		$	38,400		$	16,000		$	13,200		$	10,800		$	6,900		$	46,900
Bulk		200			100			400			100			800			2,200			2,800			11,100			6,100			22,200
Pool		100			200			200			100			600			100			100			200			100			500

Total U.S. Mortgage NIW	$	3,500		$	6,500		$	14,600		$	15,200		$	39,800		$	18,300		$	16,100		$	22,100		$	13,100		$	69,600

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Growth Metrics—U.S. Mortgage Insurance

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
Net Premiums Written	$	184		$	193		$	214		$	202		$	793		$	188		$	167		$	152		$	140		$	647
New Risk Written
Flow	$	713		$	1,475		$	3,465		$	3,768		$	9,421		$	4,117		$	3,330		$	2,658		$	1,695		$	11,800
Bulk⁽¹⁾		16			10			25			4			55			42			62			320			195			619

Total Primary		729			1,485			3,490			3,772			9,476			4,159			3,392			2,978			1,890			12,419
Pool		6			7			7			5			25			6			5			7			3			21

Total New Risk Written	$	735		$	1,492		$	3,497		$	3,777		$	9,501		$	4,165		$	3,397		$	2,985		$	1,893		$	12,440

Primary Insurance In-force	$	162,500		$	175,300		$	174,900		$	166,700					$	157,600		$	144,800		$	135,500		$	120,500
Risk In-force
Flow	$	34,950		$	35,169		$	34,667		$	32,398					$	29,817		$	26,687		$	24,442		$	23,013
Bulk⁽¹⁾		872			1,344			1,371			1,355						1,361			1,323			1,268			952

Total Primary		35,822			36,513			36,038			33,753						31,178			28,010			25,710			23,965
Pool		363			374			381			383						393			414			428			436

Total Risk In-force	$	36,185		$	36,887		$	36,419		$	34,136					$	31,571		$	28,424		$	26,138		$	24,401


Other Metrics—U.S. Mortgage Insurance

GAAP Basis Expense Ratio⁽²⁾		25	%		55	%		25	%		25	%		33	%		25	%		25	%		28	%		29	%		27	%
Adjusted Expense Ratio⁽³⁾		25	%		53	%		22	%		23	%		30	%		23	%		24	%		27	%		29	%		25	%
Flow Persistency		89	%		88	%		85	%		83	%					85	%		82	%		78	%		78	%
Gross written premiums ceded to captives/total direct written premiums		21	%		21	%		20	%		20	%					21	%		21	%		22	%		22	%
Risk to Capital Ratio⁽⁴⁾		14.3:1			14.8:1			13.2:1			12.4:1						11.3:1			9.2:1			8.8:1			8.8:1

Average primary loan size (in thousands)	$	164		$	170		$	169		$	166					$	164		$	160
Primary risk in-force subject to captives		53	%		53	%		55	%		58	%					60	%		61	%
Primary risk in-force that is GSE conforming		96	%		95	%		95	%		95	%					95	%		95	%
Primary interest only risk in-force with initial reset > 5 years		95	%		95	%		95	%		94	%					94	%		93	%
Primary risk in-force with potential to reset in 2008⁽⁵⁾		N/A			1.1	%		1.3	%		1.4	%					1.6	%		2.0	%
Primary risk in-force with potential to reset in 2009⁽⁵⁾		1.2	%		1.3	%		1.4	%		1.6	%					—	%		—	%
Primary risk in-force with potential to reset in 2010⁽⁵⁾		1.4	%

The expense ratios included above are calculated using whole dollars and may be different than the ratios calculated using the rounded numbers included herein.

⁽¹⁾	The amounts previously presented for new risk written and risk in-force have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where the counterparty is in a first loss position.

⁽²⁾	The ratio of an insurer’s general expenses to net premiums earned. In our business, general expenses consist of acquisition and insurance expenses (net of deferrals) and amortization of DAC and intangibles.

⁽³⁾	The ratio of an insurer’s general expenses to net written premiums. In our business, general expenses consist of acquisition and insurance expenses (net of deferrals) and amortization of DAC and intangibles and excludes reorganization expenses.

⁽⁴⁾

Certain states limit a private mortgage insurer’s risk in-force to 25 times the total of the insurer’s policyholders’ surplus plus the statutory contingent reserve, commonly known as the “risk to capital” requirement. The risk to capital ratio for our U.S. mortgage insurance business was computed as of the beginning of the period indicated. In December 2008, we received regulatory approval to change the calculation of our risk to capital ratio, thereby allowing us to calculate statutory risk as risk in-force less the risk ceded to our captive participants. This change is reflected in the risk to capital ratio beginning in 4Q 2008. Risk to capital ratios for prior periods were not recalculated.

⁽⁵⁾	Represents < 5 year adjustable rate mortgages excluding option ARMs.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Loss Metrics—U.S. Mortgage Insurance

(dollar amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
Paid Claims
Flow	$	171		$	131		$	89		$	79		$	470		$	64		$	49		$	40		$	38		$	191
Bulk		1			1			3			5			10			1			—			1			—			2

Total Primary		172			132			92			84			480			65			49			41			38			193
Pool		1			—			—			—			1			—			—			—			—			—

Total Paid Claims	$	173		$	132		$	92		$	84		$	481		$	65		$	49		$	41		$	38		$	193

Average Paid Claim (in thousands)	$	52.3		$	48.6		$	42.9		$	42.4					$	39.2		$	35.8		$	32.5		$	32.2
Number of Primary Delinquencies
Flow		72,166			57,985			46,700			38,316						35,489			27,609			22,970			21,804
Bulk loans with established reserve		4,450			6,038			4,475			3,768						2,404			1,338			881			554
Bulk loans with no reserve⁽¹⁾		6,761			7,535			6,630			4,442						3,066			1,809			1,205			1,012

Average Reserve Per Delinquency (in thousands)
Flow	$	21.5		$	20.5		$	19.1		$	15.8					$	12.4		$	12.0		$	11.4		$	11.3
Bulk loans with established reserve		10.8			19.8			18.2			14.9						11.5			10.2			7.4			6.1
Bulk loans with no reserve⁽¹⁾		—			—			—			—						—			—			—			—

Beginning Reserves	$	1,312		$	973		$	661		$	467		$	467		$	345		$	270		$	251		$	237		$	237
Paid claims		(173	)		(132	)		(92	)		(84	)		(481	)		(65	)		(49	)		(41	)		(38	)		(193	)
Increase (decrease) in reserves		572			471			404			278			1,725			187			124			60			52			423

Ending Reserves	$	1,711		$	1,312		$	973		$	661		$	1,711		$	467		$	345		$	270		$	251		$	467

Captive Reinsurance Recoverable⁽²⁾	$	505		$	300		$	131		$	21					$	2		$	1		$	1		$	1
Loss Ratio⁽³⁾		200	%		163	%		155	%		142	%		165	%		109	%		78	%		41	%		38	%		68	%

The loss ratio included above is calculated using whole dollars and may be different than the ratio calculated using the rounded numbers included herein.

⁽¹⁾	Reserves are not established on loans where we were in a secondary loss position due to an existing deductible and we believe currently have no risk for claim.

⁽²⁾

Reinsurance recoverable includes amounts for book years of business that have reached specified captive attachment levels under non-quota share captive reinsurance arrangements. These amounts do not include captive benefit and paid claim recoveries under quota share and non-captive reinsurance arrangements or any ceded unearned premium recoveries.

⁽³⁾	The ratio of incurred losses and loss adjustment expense to net premiums earned.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Portfolio Quality Metrics—U.S. Mortgage Insurance


	2008								2007
	Q4		Q3		Q2		Q1		Q4		Q3		Q2		Q1
Risk In-force by Credit Quality⁽¹⁾
Primary by FICO Scores >679 (%)	63	%	63	%	62	%	60	%	59	%	59	%	59	%	60	%
Primary by FICO Scores 620-679	29	%	29	%	30	%	31	%	32	%	32	%	32	%	32	%
Primary by FICO Scores 575-619	6	%	6	%	6	%	7	%	7	%	7	%	7	%	6	%
Primary by FICO Scores <575	2	%	2	%	2	%	2	%	2	%	2	%	2	%	2	%

Flow by FICO Scores >679 (%)	62	%	62	%	60	%	59	%	58	%	58	%	58	%	58	%
Flow by FICO Scores 620-679	30	%	30	%	31	%	32	%	33	%	33	%	33	%	33	%
Flow by FICO Scores 575-619	6	%	6	%	7	%	7	%	7	%	7	%	7	%	7	%
Flow by FICO Scores <575	2	%	2	%	2	%	2	%	2	%	2	%	2	%	2	%

Bulk by FICO Scores >679 (%)	83	%	84	%	84	%	84	%	83	%	83	%	84	%	83	%
Bulk by FICO Scores 620-679	15	%	14	%	14	%	14	%	15	%	15	%	14	%	15	%
Bulk by FICO Scores 575-619	1	%	1	%	1	%	1	%	1	%	1	%	1	%	1	%
Bulk by FICO Scores <575	1	%	1	%	1	%	1	%	1	%	1	%	1	%	1	%

Primary A minus	6	%	6	%	6	%	7	%	7	%	7	%	6	%	6	%
Sub-prime⁽²⁾	5	%	5	%	6	%	6	%	6	%	6	%	6	%	6	%

Primary Loans
Insured loans in-force	990,357		1,033,789		1,034,697		1,001,430		963,218		905,412		858,550		800,110
Insured delinquent loans	83,377		71,558		57,805		46,526		40,959		30,756		25,056		23,370
Insured delinquency rate	8.42	%	6.92	%	5.59	%	4.65	%	4.25	%	3.40	%	2.92	%	2.92	%

Flow loans in-force	846,645		854,465		849,292		812,061		769,481		715,970		674,730		646,004
Flow delinquent loans	72,166		57,985		46,700		38,316		35,489		27,609		22,970		21,804
Flow delinquency rate	8.52	%	6.79	%	5.50	%	4.72	%	4.61	%	3.86	%	3.40	%	3.38	%

Bulk loans in-force	143,712		179,324		185,405		189,369		193,737		189,442		183,820		154,106
Bulk delinquent loans	11,211		13,573		11,105		8,210		5,470		3,147		2,086		1,566
Bulk delinquency rate	7.80	%	7.57	%	5.99	%	4.34	%	2.82	%	1.66	%	1.13	%	1.02	%

A minus and sub-prime loans in-force	104,845		108,028		110,979		112,383		109,262		100,512		89,023		79,405
A minus and sub-prime delinquent loans	23,047		19,583		16,171		13,254		12,863		9,632		7,646		6,875
A minus and sub-prime delinquency rate	21.98	%	18.13	%	14.57	%	11.79	%	11.77	%	9.58	%	8.59	%	8.66	%

Pool Loans
Insured loans in-force	21,940		21,233		20,266		19,536		19,081		21,118		20,653		20,074
Pool delinquent loans	568		509		464		415		428		442		398		415
Pool delinquency rate	2.59	%	2.40	%	2.29	%	2.12	%	2.24	%	2.09	%	1.93	%	2.07	%

⁽¹⁾	Loans with unknown FICO scores are included in the 620-679 category

⁽²⁾	Excluding loans classified as A minus

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Portfolio Quality Metrics—U.S. Mortgage Insurance


	December 31, 2008				September 30, 2008				December 31, 2007
	% of Primary Risk In-force		Primary Delinquency Rate		% of Primary Risk In-force		Primary Delinquency Rate		% of Primary Risk In-force^(a)		Primary Delinquency Rate
By Region
Southeast⁽¹⁾	23	%	11.73	%	23	%	9.35	%	24	%	5.48	%
South Central⁽²⁾	17		7.27	%	17		5.70	%	17		3.63	%
Northeast⁽³⁾	13		6.72	%	13		5.55	%	13		3.99	%
North Central⁽⁴⁾	12		6.90	%	11		5.68	%	12		3.71	%
Pacific⁽⁵⁾	11		10.77	%	12		9.17	%	10		3.51	%
Great Lakes⁽⁶⁾	8		8.16	%	8		7.13	%	9		5.60	%
Plains⁽⁷⁾	6		4.72	%	6		3.86	%	6		2.87	%
Mid-Atlantic⁽⁸⁾	5		7.03	%	5		5.90	%	5		3.23	%
New England⁽⁹⁾	5		7.03	%	5		5.70	%	4		3.81	%

Total	100	%	8.42	%	100	%	6.92	%	100	%	4.25	%


By State
Florida	8	%	20.94	%	8	%	16.10	%	9	%	7.04	%
Texas	7	%	6.25	%	7	%	4.86	%	7	%	3.80	%
New York	6	%	5.26	%	6	%	4.29	%	6	%	3.18	%
California	5	%	13.36	%	6	%	11.88	%	5	%	4.24	%
Illinois	5	%	8.92	%	5	%	6.88	%	5	%	4.06	%
North Carolina	4	%	6.74	%	4	%	5.28	%	4	%	4.16	%
Georgia	4	%	10.21	%	4	%	7.93	%	4	%	5.91	%
Pennsylvania	4	%	6.97	%	4	%	5.92	%	4	%	4.73	%
New Jersey	4	%	9.52	%	4	%	7.62	%	3	%	4.51	%
Arizona	3	%	13.31	%	3	%	10.13	%	3	%	3.77	%

⁽¹⁾

Alabama, Arkansas, Florida, Georgia, Mississippi, North Carolina, South Carolina and Tennessee

⁽²⁾

Arizona, Colorado, Louisiana, New Mexico, Oklahoma, Texas and Utah

⁽³⁾

New Jersey, New York and Pennsylvania

⁽⁴⁾

Illinois, Minnesota, Missouri and Wisconsin

⁽⁵⁾

Alaska, California, Hawaii, Nevada, Oregon and Washington

⁽⁶⁾

Indiana, Kentucky, Michigan and Ohio

⁽⁷⁾

Idaho, Iowa, Kansas, Montana, Nebraska, North Dakota, South Dakota and Wyoming

⁽⁸⁾

Delaware, Maryland, Virginia, Washington D.C. and West Virginia

⁽⁹⁾

Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont

^(a)	The December 31, 2007 amounts previously presented have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where the counterparty was in a first loss position.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Portfolio Quality Metrics—U.S. Mortgage Insurance

(amounts in millions)


Primary Risk In-force:	December 31, 2008		% of Total		September 30, 2008		% of Total		December 31, 2007⁽³⁾		% of Total
Lender concentration (by original applicant)	$	35,822			$	36,513			$	31,178
Top 10 lenders		17,639				18,244				12,948
Top 20 lenders		21,140				21,776				16,781

Loan-to-value ratio
95.01% and above	$	9,084	25	%	$	9,271	25	%	$	8,845	28	%
90.01% to 95.00%		12,247	34			12,331	34			9,995	32
80.01% to 90.00%		13,691	39			13,886	38			11,078	36
80.00% and below		800	2			1,025	3			1,260	4

Total	$	35,822	100	%	$	36,513	100	%	$	31,178	100	%

Loan grade
Prime	$	31,838	89	%	$	32,401	89	%	$	27,114	87	%
A minus and sub-prime		3,984	11			4,112	11			4,064	13

Total	$	35,822	100	%	$	36,513	100	%	$	31,178	100	%

Loan type⁽¹⁾
First Mortgages
Fixed rate mortgage
Flow	$	33,928	95	%	$	34,097	93	%	$	28,616	92	%
Bulk		779	2			756	2			745	2
Adjustable rate mortgage
Flow		1,022	3			1,072	3			1,201	4
Bulk		93	—			588	2			616	2
Second Mortgages		—	—			—	—			—	—

Total	$	35,822	100	%	$	36,513	100	%	$	31,178	100	%

Type of documentation
Alt-A
Flow	$	1,359	4	%	$	1,415	4	%	$	1,566	5	%
Bulk		324	1			336	1			337	1
Standard⁽²⁾
Flow		33,591	94			33,754	92			28,251	91
Bulk		548	1			1,008	3			1,024	3

Total	$	35,822	100	%	$	36,513	100	%	$	31,178	100	%

Mortgage term
15 years and under	$	428	1	%	$	434	1	%	$	354	1	%
More than 15 years		35,394	99			36,079	99			30,824	99

Total	$	35,822	100	%	$	36,513	100	%	$	31,178	100	%

⁽¹⁾	For loan type in this table, any loan with an interest rate that is fixed for an initial term of five years or more is categorized as a fixed rate mortgage.

⁽²⁾	Standard includes loans with reduced or different documentation requirements that meet specifications of GSE approved underwriting systems with historical and expected delinquency rates consistent with our standard portfolio.

⁽³⁾	The December 31, 2007 amounts previously presented have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where the counterparty was in a first loss position.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Portfolio Quality Metrics—U.S. Mortgage Insurance

(amounts in millions)


	As of December 31, 2008
Policy Year	Average Rate		Primary Insurance In-force			Percent of Total		Primary Risk In-force		Percent of Total
1997 and Prior	8.21	%	$	1,422		0.9	%	$	359	1.0	%
1998	7.16	%		656		0.4			174	0.5
1999	7.32	%		804		0.5			202	0.6
2000	8.16	%		533		0.3			130	0.4
2001	7.41	%		1,765		1.1			449	1.3
2002	6.60	%		4,380		2.7			1,087	3.0
2003	5.64	%		17,667		10.9			2,940	8.2
2004	5.86	%		9,707		6.0			2,111	5.9
2005	5.98	%		14,718		9.1			3,668	10.2
2006	6.56	%		23,740		14.6			4,988	13.9
2007	6.67	%		49,315		30.3			10,579	29.5
2008	6.23	%		37,751		23.2			9,135	25.5

Total			$	162,458		100.0	%	$	35,822	100.0	%


Occupancy and Property Type	As of December 31, 2008		As of September 30, 2008
Occupancy Status % of Primary Risk In-force
Primary residence	92.9	%		92.7	%
Second home	4.2			4.2
Non-owner occupied	2.9			3.1

Total	100.0	%		100.0	%

Property Type % of Primary Risk In-force
Single family detached	85.6	%		85.6	%
Condominium and co-operative	11.1			11.0
Multi-family and other	3.3			3.4

Total	100.0	%		100.0	%

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Portfolio Quality Metrics—U.S. Mortgage Insurance

(amounts in billions)


	FICO > 679												FICO 620 - 679 ⁽¹⁾												FICO < 620												Total
	2008												2008												2008												2008
Primary Risk In-force	Q4			Q3			Q2			Q1			Q4			Q3			Q2			Q1			Q4			Q3			Q2			Q1			Q4			Q3			Q2			Q1
Total Primary Risk In-force	$	22.6		$	22.9		$	22.2		$	20.2		$	10.4		$	10.7		$	10.8		$	10.5		$	2.8		$	2.9		$	3.0		$	3.0		$	35.8		$	36.5		$	36.0		$	33.8
Delinquency rate⁽²⁾		5.0	%		4.2	%		3.3	%		2.6	%		12.6	%		10.1	%		8.1	%		6.8	%		22.8	%		19.0	%		15.4	%		12.7	%		8.4	%		6.9	%		5.6	%		4.7	%

2008 policy year	$	7.0		$	6.5		$	5.3		$	2.6		$	1.8		$	1.7		$	1.5		$	0.9		$	0.3		$	0.3		$	0.3		$	0.2		$	9.1		$	8.5		$	7.2		$	3.7
Delinquency rate		1.3	%		0.7	%		0.3	%		0.1	%		5.2	%		2.8	%		1.2	%		0.3	%		15.3	%		9.4	%		17.1	%		1.0	%		2.6	%		1.5	%		0.7	%		0.2	%

2007 policy year	$	6.0		$	6.4		$	6.6		$	6.7		$	3.4		$	3.5		$	3.6		$	3.7		$	1.1		$	1.2		$	1.2		$	1.3		$	10.5		$	11.1		$	11.4		$	11.7
Delinquency rate		7.6	%		6.2	%		4.4	%		2.9	%		14.6	%		10.9	%		7.5	%		5.2	%		26.9	%		22.0	%		17.1	%		12.3	%		11.7	%		9.1	%		6.6	%		4.5	%

2006 policy year	$	2.9		$	3.1		$	3.2		$	3.3		$	1.6		$	1.7		$	1.7		$	1.8		$	0.5		$	0.5		$	0.5		$	0.5		$	5.0		$	5.3		$	5.4		$	5.6
Delinquency rate		9.8	%		8.0	%		6.5	%		4.5	%		17.0	%		13.8	%		11.4	%		8.8	%		24.7	%		21.3	%		17.6	%		15.1	%		13.3	%		10.8	%		8.9	%		6.6	%

2005 policy year	$	2.2		$	2.2		$	2.3		$	2.4		$	1.2		$	1.3		$	1.3		$	1.4		$	0.3		$	0.3		$	0.3		$	0.3		$	3.7		$	3.8		$	3.9		$	4.1
Delinquency rate		6.4	%		5.0	%		4.1	%		3.2	%		13.4	%		11.1	%		9.5	%		8.1	%		20.0	%		17.1	%		15.1	%		13.2	%		9.7	%		7.9	%		6.7	%		5.5	%

2004 & prior policy years	$	4.5		$	4.7		$	4.9		$	5.2		$	2.4		$	2.5		$	2.6		$	2.8		$	0.6		$	0.6		$	0.6		$	0.6		$	7.5		$	7.8		$	8.2		$	8.6
Delinquency rate		3.0	%		2.5	%		2.2	%		1.9	%		11.3	%		10.0	%		8.6	%		8.2	%		19.4	%		17.3	%		15.1	%		14.0	%		6.5	%		5.6	%		4.9	%		4.5	%


Fixed rate mortgage	$	21.9		$	21.8		$	21.1		$	19.1		$	10.1		$	10.2		$	10.3		$	10.0		$	2.7		$	2.8		$	2.9		$	2.9		$	34.7		$	34.8		$	34.3		$	32.0
Delinquency rate		4.5	%		3.3	%		2.6	%		2.0	%		12.1	%		9.6	%		7.6	%		6.4	%		22.5	%		18.7	%		15.0	%		12.3	%		8.0	%		6.3	%		5.0	%		4.2	%

Adjustable rate mortgage	$	0.7		$	1.1		$	1.2		$	1.2		$	0.3		$	0.5		$	0.5		$	0.5		$	0.1		$	0.1		$	0.1		$	0.1		$	1.1		$	1.7		$	1.7		$	1.8
Delinquency rate		21.6	%		15.2	%		12.3	%		9.1	%		25.5	%		20.7	%		17.2	%		14.6	%		35.0	%		31.4	%		29.2	%		25.3	%		23.8	%		16.9	%		13.9	%		10.8	%


LTV >95%	$	4.6		$	4.7		$	4.7		$	4.5		$	3.4		$	3.5		$	3.5		$	3.5		$	1.1		$	1.1		$	1.2		$	1.2		$	9.1		$	9.3		$	9.4		$	9.3
Delinquency rate		4.8	%		3.6	%		2.8	%		2.2	%		14.2	%		11.4	%		8.9	%		7.1	%		27.3	%		23.1	%		18.7	%		15.2	%		11.3	%		9.1	%		7.2	%		5.9	%

Alt-A⁽³⁾	$	1.1		$	1.2		$	1.2		$	1.3		$	0.5		$	0.5		$	0.5		$	0.5		$	0.1		$	0.1		$	0.1		$	0.1		$	1.7		$	1.8		$	1.8		$	1.9
Delinquency rate		17.8	%		13.4	%		10.1	%		6.7	%		27.7	%		22.3	%		17.8	%		13.9	%		31.3	%		28.1	%		26.1	%		20.9	%		20.3	%		15.7	%		12.2	%		8.6	%

Interest only & option ARMs	$	2.4		$	2.8		$	3.0		$	2.9		$	0.9		$	1.0		$	1.0		$	1.0		$	0.2		$	0.2		$	0.2		$	0.2		$	3.5		$	4.0		$	4.1		$	4.1
Delinquency rate		18.7	%		13.7	%		10.6	%		7.3	%		28.0	%		21.0	%		16.2	%		12.0	%		36.3	%		30.0	%		25.3	%		19.7	%		21.4	%		15.5	%		12.0	%		8.5	%

Amounts may not total due to rounding.

⁽¹⁾	Loans with unknown FICO scores are included in the 620 - 679 category.

⁽²⁾	Delinquency rate represents the number of lender reported delinquencies divided by the number of remaining policies consistent with mortgage insurance practices.

⁽³⁾	Alt-A consists of loans with reduced documentation or verfication of income or assets and a higher historical and expected delinquency rate than standard documentation loans.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Other Metrics—U.S. Mortgage Insurance Bulk Risk In-force

(dollar amounts in millions)


	December 31, 2008			September 30, 2008			December 31, 2007⁽²⁾
GSE Alt-A
Risk in-force	$	338		$	339		$	340
Average FICO score		720			720			720
Loan-to-value ratio		79	%		79	%		79	%
Standard documentation⁽¹⁾		22	%		22	%		22	%
Stop loss		100	%		100	%		99	%
Deductible		81	%		81	%		80	%

Portfolio⁽³⁾
Risk in-force	$	—		$	493		$	532
Average FICO score		—			724			723
Loan-to-value ratio		—	%		77	%		76	%
Standard documentation		—	%		97	%		98	%
Stop loss		—	%		100	%		100	%
Deductible		—	%		22	%		22	%

FHLB
Risk in-force	$	443		$	418		$	382
Average FICO score		741			739			743
Loan-to-value ratio		76	%		76	%		68	%
Standard documentation		87	%		87	%		85	%
Stop loss		86	%		87	%		96	%
Deductible		100	%		100	%		100	%

Other
Risk in-force	$	91		$	94		$	107
Average FICO score		692			691			693
Loan-to-value ratio		91	%		91	%		94	%
Standard documentation		96	%		96	%		96	%
Stop loss		9	%		9	%		11	%
Deductible		—	%		—	%		—	%

Total Bulk Risk In-force	$	872		$	1,344		$	1,361

⁽¹⁾	Standard documentation includes loans with reduced or different documentation requirements that meet specifications of GSE approved underwriting systems with historical and expected delinquency rates consistent with our standard portfolio.

⁽²⁾	The December 31, 2007 amounts previously presented have been revised to exclude deductible amounts specific to our GSE Alt-A and portfolio deals where the counterparty was in a first loss position.

⁽³⁾	As of December 31, 2008, coverage underlying the Portfolio deals was no longer in force.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Aggregate Book Year Analysis Provided to Illustrate Directional Progression Toward Captive Attachment⁽¹⁾


				December 31, 2008						September 30, 2008						June 30, 2008						March 31, 2008
Book Year⁽²⁾	Original Book RIF ($B)		Progression to Attachment Point	Current RIF ($B)		Ever to Date Incurred Losses ($MM)		Captive Benefit ($MM)		Current RIF ($B)		Ever to Date Incurred Losses ($MM)		Captive Benefit ($MM)		Current RIF ($B)		Ever to Date Incurred Losses ($MM)		Captive Benefit ($MM)		Current RIF ($B)		Ever to Date Incurred Losses ($MM)		Captive Benefit ($MM)
2005			0-50%	$	0.1	$	2			$	0.1	$	3			$	0.4	$	10			$	0.5	$	10
2005			50-75%		0.3		12				0.3		14				0.4		22				1.6		72
2005			75-99%		0.3		27				0.5		32				1.1		72				0.2		11
2005			Attached		1.7		184				1.5		136				0.6		44				0.3		20

2005 Total	$	4.4		$	2.4	$	225	$	26	$	2.4	$	185	$	18	$	2.5	$	148	$	6	$	2.6	$	113	$	1

2006			0-50%	$	0.1	$	2			$	0.1	$	1			$	0.2	$	2			$	0.5	$	11
2006			50-75%		0.0		1				0.1		4				0.4		17				0.3		8
2006			75-99%		0.1		4				0.3		18				0.4		26				0.5		23
2006			Attached		2.8		372				2.5		269				2.1		185				2.0		113

2006 Total	$	4.2		$	3.0	$	379		61	$	3.0	$	292		49	$	3.1	$	230		61	$	3.3	$	155		17

2007			0-50%	$	0.1	$	2			$	0.3	$	5			$	1.0	$	17			$	4.3	$	77
2007			50-75%		0.1		5				0.3		9				1.0		33				1.0		23
2007			75-99%		0.3		13				0.7		25				2.2		77				0.8		25
2007			Attached		5.6		556				4.9		364				2.2		128				0.5		22

2007 Total	$	6.8		$	6.1	$	576		119	$	6.2	$	403		102	$	6.4	$	255		43	$	6.6	$	147		1



Captive Benefit In Quarter ($MM)								$	206					$	169					$	110					$	19

⁽¹⁾

Data presented in aggregate for all trusts. Actual trust attachment and exit points will vary by individual lender contract. For purposes of this illustration, incurred losses equals change in reserves plus paid claims. The information presented excludes quota share captive reinsurance data. Progress toward captive attachment is determined at a lender level for each book year by dividing ever to date incurred losses by original RIF for that book year.

⁽²⁾	Book year figures may include loans from additional periods pursuant to reinsurance agreement terms and conditions.

Corporate and Other

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Operating Loss—Corporate and Other⁽¹⁾

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
REVENUES:
Premiums	$	5		$	5		$	6		$	5		$	21		$	4		$	8		$	5		$	7		$	24
Net investment income		(1	)		6			14			20			39			23			12			15			15			65
Net investment gains (losses)		(4	)		(32	)		(33	)		(10	)		(79	)		(3	)		(11	)		(1	)		—			(15	)
Insurance and investment product fees and other		37			(2	)		2			2			39			(3	)		—			(1	)		2			(2	)

Total revenues		37			(23	)		(11	)		17			20			21			9			18			24			72

BENEFITS AND EXPENSES:
Benefits and other changes in policy reserves		—			1			1			—			2			—			—			1			—			1
Acquisition and operating expenses, net of deferrals		41			(6	)		13			6			54			17			9			10			21			57
Amortization of deferred acquisition costs and intangibles		4			3			1			2			10			1			2			1			14			18
Interest expense		69			68			63			58			258			60			59			63			60			242

Total benefits and expenses		114			66			78			66			324			78			70			75			95			318

LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		(77	)		(89	)		(89	)		(49	)		(304	)		(57	)		(61	)		(57	)		(71	)		(246	)

Benefit from income taxes		(42	)		(63	)		(7	)		—			(112	)		(19	)		(21	)		(20	)		(24	)		(84	)

LOSS FROM CONTINUING OPERATIONS		(35	)		(26	)		(82	)		(49	)		(192	)		(38	)		(40	)		(37	)		(47	)		(162	)

ADJUSTMENTS TO LOSS FROM CONTINUING OPERATIONS:
Net investment (gains) losses, net of taxes and other adjustments		3			23			20			7			53			1			6			—			—			7
Expenses related to reorganization, net of taxes		4			—			—			—			4			—			—			—			14			14

NET OPERATING LOSS	$	(28	)	$	(3	)	$	(62	)	$	(42	)	$	(135	)	$	(37	)	$	(34	)	$	(37	)	$	(33	)	$	(141	)


Effective tax rate (operating income (loss))		58.1	%		91.5	%		7.5	%					37.7	%		29.9	%		35.2	%		34.1	%		33.7	%		33.2	%

⁽¹⁾	Includes inter-segment eliminations.

ADDITIONAL FINANCIAL DATA

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Investments Summary

(amounts in millions)


			December 31, 2008				September 30, 2008				June 30, 2008				March 31, 2008				December 31, 2007
			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 maturity securities:
Investment grade:
Public fixed maturities			$	22,189	33	%	$	23,591	34	%	$	25,724	35	%	$	25,968	35	%	$	26,166	35	%
Private fixed maturities				7,782	11			9,406	14			9,791	13			10,001	14			10,425	14
Mortgage-backed (MBS):	Residential mortgage-backed securities			2,159	3			2,627	4			2,554	3			2,772	4			3,260	5
	Commercial mortgage-backed securities			3,713	6			4,630	7			4,758	7			4,751	6			5,148	7
Asset-backed (ABS):	Residential mortgage-backed securities			582	1			758	1			952	1			1,290	2			1,632	2
	Other non-residential collateral			2,080	3			2,637	4			2,969	4			3,358	5			3,591	5
Tax exempt				2,370	4			2,415	3			2,315	3			2,215	3			2,227	3
Non-investment grade fixed maturities				1,996	3			2,660	4			2,824	4			2,676	4			2,705	4
Equity securities:
Common stocks and mutual funds				100	—			107	—			71	—			34	—			47	—
Preferred stocks				134	—			202	—			338	1			360	1			319	1
Commercial mortgage loans				8,262	12			8,447	12			8,573	12			8,822	12			8,953	12
Policy loans				1,834	3			1,822	3			1,806	2			1,654	2			1,651	2
Cash, cash equivalents and short-term investments				8,447	12			5,367	8			5,983	8			3,873	5			3,168	4
Securities lending				1,469	2			1,674	2			1,836	3			2,443	3			2,397	3
Other invested assets:	Limited partnerships⁽¹⁾			715	1			716	1			701	1			690	1			632	1
	Derivatives:
	LTC forward starting swap-cash flow			501	1			799	1			747	1			901	1			655	1
	Other cash flow			120	—			41	—			38	—			62	—			15	—
	Fair value			278	—			99	—			101	—			173	—			83	—
	Equity index options-non-qualified			152	—			256	1			217	—			212	—			127	—
	LTC swaptions-non qualified			780	1			—	—			—	—			—	—			—	—
	Other non-qualified			385	1			43	—			25	—			39	—			20	—
	Trading portfolio			169	—			222	—			237	1			236	1			254	—
	Counterparty collateral			1,605	3			693	1			478	1			664	1			372	1
	Other⁽²⁾			118	—			105	—			112	—			78	—			44	—

Total invested assets and cash			$	67,940	100	%	$	69,317	100	%	$	73,150	100	%	$	73,272	100	%	$	73,891	100	%

Public Fixed Maturities—Credit Quality:
NAIC Designation	Rating Agency Equivalent Designation
1		Aaa	$	9,651	30	%	$	10,649	30	%	$	11,245	30	%	$	12,275	32	%	$	13,133	33	%
1		Aa		4,542	14			5,223	15			7,133	19			6,804	17			6,811	17
1		A		10,653	33			10,528	30			11,044	29			11,155	29			11,368	29
2		Baa		6,111	19			7,332	20			6,588	17			6,671	18			6,791	17
3		Ba		844	3			1,096	4			1,299	4			1,210	3			1,210	3
4		B		381	1			556	1			524	1			508	1			530	1
5		Caa and lower		101	—			93	—			97	—			68	—			47	—
6		In or near default		1	—			1	—			10	—			12	—			6	—
Not rated		Not rated		13	—			13	—			24	—			—	—			—	—

		Total public fixed maturities	$	32,297	100	%	$	35,491	100	%	$	37,964	100	%	$	38,703	100	%	$	39,896	100	%

Private Fixed Maturities—Credit Quality:
NAIC Designation	Rating Agency Equivalent Designation
1		Aaa	$	1,458	14	%	$	1,985	15	%	$	2,296	16	%	$	2,656	19	%	$	2,917	19	%
1		Aa		1,065	10			1,296	10			1,944	14			2,054	14			2,128	14
1		A		3,268	31			4,180	31			3,851	28			3,542	25			3,852	25
2		Baa		4,127	39			4,871	37			4,962	36			5,198	36			5,449	36
3		Ba		596	6			827	6			710	5			758	5			789	5
4		B		54	—			48	1			126	1			69	1			78	1
5		Caa and lower		4	—			3	—			27	—			28	—			26	—
6		In or near default		1	—			1	—			5	—			4	—			5	—
Not rated		Not rated		1	—			22	—			2	—			19	—			14	—

		Total private fixed maturities	$	10,574	100	%	$	13,233	100	%	$	13,923	100	%	$	14,328	100	%	$	15,258	100	%


⁽¹⁾ Limited partnerships by type:
Distressed Bond and Equity Fund			$	132			$	153			$	156			$	155			$	153
Real Estate				294				283				286				272				237
Infrastructure				149				139				126				121				104
Private Equity				75				76				76				67				67
Mezzanine				41				40				31				48				44
Strategic Equity				8				9				10				11				11
Strategic Funds				7				7				7				7				7
Oil and Gas				9				9				9				9				9

			$	715			$	716			$	701			$	690			$	632

⁽²⁾	We do not have any material exposure to residential mortgage-backed securities CDOs.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Fixed Maturities Summary

(amounts in millions)


	December 31, 2008				September 30, 2008				June 30, 2008				March 31, 2008				December 31, 2007
	Fair Value		% of Total		Fair Value		% of Total		Fair Value		% of Total		Fair Value		% of Total		Fair Value		% of Total
*Fixed Maturities—Security Sector:*
U.S. government, agencies & government sponsored entities	$	905	2	%	$	679	1	%	$	531	1	%	$	529	1	%	$	594	1	%
Tax exempt		2,371	6			2,417	5			2,372	5			2,217	4			2,228	4
Foreign government		1,760	4			2,226	5			2,796	5			2,699	5			2,432	4
U.S. corporate		19,074	45			20,738	43			22,228	43			22,974	44			23,563	43
Foreign corporate		9,976	23			11,681	24			12,411	24			12,320	23			12,579	23
Mortgage-backed (MBS): Residential mortgage-backed securities		2,253	5			2,695	5			2,613	5			2,773	5			3,262	6
Commercial mortgage-backed securities		3,758	9			4,696	10			4,865	9			4,853	9			5,263	9
Asset-backed (ABS): Residential mortgage-backed securities		684	1			914	2			1,099	3			1,307	3			1,640	3
Other non-residential collateral		2,090	5			2,678	5			2,972	5			3,359	6			3,593	7

Total fixed maturity securities⁽¹⁾	$	42,871	100	%	$	48,724	100	%	$	51,887	100	%	$	53,031	100	%	$	55,154	100	%

*Corporate Bond Holdings—Industry Sector:*
Investment Grade:
Finance and insurance	$	8,773	32	%	$	10,422	34	%	$	12,062	38	%	$	11,923	36	%	$	12,203	36	%
Utilities and energy		5,741	21			5,893	19			6,021	18			6,170	19			6,174	18
Consumer—non cyclical		3,243	12			3,294	11			3,385	10			3,581	11			3,750	11
Consumer—cyclical		1,317	5			1,531	5			1,584	5			1,817	5			1,874	6
Capital goods		1,837	6			1,958	7			2,022	6			1,767	5			1,811	5
Industrial		1,277	4			1,516	5			1,485	5			1,444	4			1,520	4
Technology and communications		1,584	6			1,601	5			1,717	5			1,931	6			1,986	6
Transportation		1,111	4			1,246	4			1,313	4			1,230	4			1,237	4
Other		2,686	10			3,037	10			3,060	9			3,402	10			3,534	10

Subtotal	$	27,569	100	%	$	30,498	100	%	$	32,649	100	%	$	33,265	100	%	$	34,089	100	%
Non-Investment Grade:
Finance and insurance	$	183	12	%	$	236	12	%	$	104	5	%	$	232	11	%	$	272	13	%
Utilities and energy		159	11			204	11			198	10			212	11			186	9
Consumer—non cyclical		232	16			321	17			413	21			412	20			427	21
Consumer—cyclical		179	12			206	11			229	11			316	16			337	17
Capital goods		198	13			193	10			212	11			146	7			142	7
Industrial		272	18			392	20			395	20			257	13			220	11
Technology and communications		186	13			274	14			349	17			350	17			391	19
Transportation		57	4			77	4			58	3			66	3			59	3
Other		15	1			18	1			32	2			38	2			19	—

Subtotal	$	1,481	100	%	$	1,921	100	%	$	1,990	100	%	$	2,029	100	%	$	2,053	100	%

Total	$	29,050	100	%	$	32,419	100	%	$	34,639	100	%	$	35,294	100	%	$	36,142	100	%

*Fixed Maturities—Contractual Maturity Dates:*
Due in one year or less	$	1,715	4	%	$	2,162	4	%	$	2,213	4	%	$	2,211	4	%	$	2,278	4	%
Due after one year through five years		10,091	24			11,529	24			12,279	24			12,026	23			11,434	21
Due after five years through ten years		7,241	17			8,198	17			8,854	17			9,215	17			9,441	17
Due after ten years		15,039	35			15,852	32			16,992	33			17,287	33			18,243	33

Subtotal		34,086	80			37,741	77			40,338	78			40,739	77			41,396	75
Mortgage and asset-backed		8,785	20			10,983	23			11,549	22			12,292	23			13,758	25

Total fixed maturity securities	$	42,871	100	%	$	48,724	100	%	$	51,887	100	%	$	53,031	100	%	$	55,154	100	%


⁽¹⁾ The following table sets forth the fair value of our fixed maturities by pricing source as of the date indicated:


	December 31, 2008
	Fair Value		% of Total
Priced via industry standard pricing methodologies	$	36,022	84	%
Priced via broker indicative market prices		751	2
Priced via internally developed models		6,098	14

Total fixed maturities	$	42,871	100	%

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Additional Information on Mortgage-backed and Asset-backed Securities Collateralized by Sub-prime Residential Mortgage Loans

(amounts in millions)

Fair Value by Vintage as of December 31, 2008:


	Original Rating										Current Rating
S&P Rating	2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾		2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾
AAA	$	90	$	85	$	148	$	43	$	366	$	48	$	56	$	41	$	—	$	145
AA		26		53		12		12		103		34		50		36		30		150
A		52		54		5		—		111		39		45		12		13		109
BBB		3		4		—		—		7		40		16		30		1		87
BB		—		—		—		—		—		3		7		19		3		32
B		—		—		—		—		—		—		3		7		2		12
CCC and lower		—		—				—		—		7		19		20		6		52

Total	$	171	$	196	$	165	$	55	$	587	$	171	$	196	$	165	$	55	$	587

Our sub-prime securities are principally backed by first lien mortgages. We do not have a significant exposure to second liens or option adjustable rate mortgages. We do not have any material exposure to mezzanine CDOs. We do not have any exposure to net interest margin deals, highly leveraged transactions or CDO-squared investments.

Fair Value by Vintage as of September 30, 2008:


	Original Rating										Current Rating
S&P Rating	2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾		2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾
AAA	$	102	$	109	$	205	$	52	$	468	$	48	$	74	$	97	$	35	$	254
AA		36		69		19		29		153		65		65		50		1		181
A		70		74		16		—		160		64		55		24		21		164
BBB		3		14		—		—		17		22		11		2		10		45
BB		—		—		—		—		—		4		21		32		5		62
B		—		—		—		—		—		8		24		19		6		57
CCC and lower		—		—		—		—		—		—		16		16		3		35

Total	$	211	$	266	$	240	$	81	$	798	$	211	$	266	$	240	$	81	$	798

Net Unrealized Losses by Vintage as of December 31, 2008:


	Original Rating															Current Rating
S&P Rating	2004 and Prior			2005			2006			2007			Total⁽¹⁾⁽²⁾			2004 and Prior			2005			2006			2007			Total⁽¹⁾⁽²⁾
AAA	$	(41	)	$	(32	)	$	(90	)	$	(25	)	$	(188	)	$	(13	)	$	(14	)	$	(13	)	$	—		$	(40	)
AA		(21	)		(61	)		(13	)		—			(95	)		(26	)		(46	)		(26	)		(12	)		(110	)
A		(24	)		(47	)		(1	)		—			(72	)		(23	)		(44	)		(11	)		(13	)		(91	)
BBB		(1	)		(2	)		—			—			(3	)		(19	)		(16	)		(25	)		(1	)		(61	)
BB		—			—			—			—			—			(1	)		(7	)		(23	)		1			(30	)
B		—			—			—			—			—			—			(5	)		(3	)		—			(8	)
CCC and lower		—			—			—			—			—			(5	)		(10	)		(3	)		—			(18	)

Total	$	(87	)	$	(142	)	$	(104	)	$	(25	)	$	(358	)	$	(87	)	$	(142	)	$	(104	)	$	(25	)	$	(358	)

⁽¹⁾	We do not have any 2008 vintage mortgage-backed and asset-backed securities collateralized by sub-prime residential mortgage loans.

⁽²⁾	The following table sets forth the fair value of these sub-prime investments by pricing source as of the date indicated:


	December 31, 2008
	Fair Value		% of Total
Priced via industry standard pricing methodologies	$	550	94	%
Priced via broker indicative market prices		—	—
Priced via internally developed models		37	6

Total sub-prime investments	$	587	100	%

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Additional Information on Mortgage-backed and Asset-based Securities Collateralized by Alt-A Residential Mortgage Loans

(amounts in millions)

Fair Value by Vintage as of December 31, 2008:


	Original Rating										Current Rating
S&P Rating	2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾		2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾
AAA	$	107	$	123	$	79	$	41	$	350	$	106	$	33	$	34	$	32	$	205
AA		15		63		12		1		91		4		92		6		1		103
A		16		26		3		—		45		10		37		1		2		50
BBB		2		2		1		—		5		18		29		14		2		63
BB		—		—		—		—		—		1		5		20		2		28
B		—		—		—		—		—		—		6		6		—		12
CCC and lower		—		—		—		—		—		1		12		14		3		30

Total	$	140	$	214	$	95	$	42	$	491	$	140	$	214	$	95	$	42	$	491

Fair Value by Vintage as of September 30, 2008:


	Original Rating										Current Rating
S&P Rating	2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾		2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾
AAA	$	113	$	153	$	106	$	65	$	437	$	114	$	135	$	71	$	54	$	374
AA		24		95		22		1		142		18		66		28		—		112
A		20		34		7		—		61		14		59		19		—		92
BBB		2		5		3		—		10		11		10		8		8		37
BB		—		—		—		—		—		2		4		1		—		7
B		—		—		—		—		—		—		7		3		1		11
CCC and lower		—		—		—		—		—		—		6		8		3		17

Total	$	159	$	287	$	138	$	66	$	650	$	159	$	287	$	138	$	66	$	650

Net Unrealized Losses by Vintage as of December 31, 2008:


	Original Rating															Current Rating
S&P Rating	2004 and Prior			2005			2006			2007			Total⁽¹⁾⁽²⁾			2004 and Prior			2005			2006			2007			Total⁽¹⁾⁽²⁾
AAA	$	(26	)	$	(57	)	$	(48	)	$	(41	)	$	(172	)	$	(24	)	$	(15	)	$	(21	)	$	(38	)	$	(98	)
AA		(16	)		(28	)		1			—			(43	)		(3	)		(58	)		(3	)		(1	)		(65	)
A		(4	)		(11	)		(2	)		—			(17	)		(11	)		(12	)		(4	)		—			(27	)
BBB		1			(1	)		(13	)		—			(13	)		(7	)		(10	)		(27	)		(2	)		(46	)
BB		—			—			—			—			—			(1	)		(3	)		(11	)		—			(15	)
B		—			—			—			—			—			—			—			—			—			—
CCC and lower		—			—			—			—			—			1			1			4			—			6

Total	$	(45	)	$	(97	)	$	(62	)	$	(41	)	$	(245	)	$	(45	)	$	(97	)	$	(62	)	$	(41	)	$	(245	)

⁽¹⁾	We do not have any 2008 vintage mortgage-backed and asset-backed securities collateralized by Alt-A residential mortgage loans.

⁽²⁾	The following table sets forth the fair value of these Alt-A investments by pricing source as of the date indicated:


	December 31, 2008
	Fair Value		% of Total
Priced via industry standard pricing methodologies	$	482	98	%
Priced via broker indicative market prices		—	—
Priced via internally developed models		9	2

Total Alt-A investments	$	491	100	%

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Additional Information on Commercial Mortgage-backed Securities

(amounts in millions)

Fair Value by Vintage as of December 31, 2008:


	Original Rating										Current Rating
S&P Rating	2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾		2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾
AAA	$	1,796	$	355	$	412	$	341	$	2,904	$	1,813	$	398	$	442	$	312	$	2,965
AA		56		56		161		68		341		73		63		136		68		340
A		73		73		67		64		277		65		29		74		92		260
BBB		51		21		48		15		135		59		24		49		16		148
BB		33		—		—		—		33		33		1		1		—		35
B		18		—		—		—		18		8		—		—		—		8
CCC and lower		26		10		14		—		50		2		—		—		—		2

Total	$	2,053	$	515	$	702	$	488	$	3,758	$	2,053	$	515	$	702	$	488	$	3,758

Fair Value by Vintage as of September 30, 2008:


	Original Rating										Current Rating
S&P Rating	2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾		2004 and Prior		2005		2006		2007		Total⁽¹⁾⁽²⁾
AAA	$	1,956	$	401	$	515	$	456	$	3,328	$	1,993	$	418	$	544	$	424	$	3,379
AA		98		89		270		124		581		104		90		246		156		596
A		105		102		123		125		455		126		88		128		125		467
BBB		60		24		72		37		193		41		29		81		37		188
BB		53		—		—		—		53		47		1		2		—		50
B		26		—		—		—		26		12		—		—		—		12
CCC and lower		29		10		21		—		60		4		—		—		—		4

Total	$	2,327	$	626	$	1,001	$	742	$	4,696	$	2,327	$	626	$	1,001	$	742	$	4,696

Net Unrealized Losses by Vintage as of December 31, 2008:


	Original Rating															Current Rating
S&P Rating	2004 and Prior			2005			2006			2007			Total⁽¹⁾⁽²⁾			2004 and Prior			2005			2006			2007			Total⁽¹⁾⁽²⁾
AAA	$	(184	)	$	(73	)	$	(147	)	$	(207	)	$	(611	)	$	(195	)	$	(74	)	$	(160	)	$	(195	)	$	(624	)
AA		(58	)		(52	)		(155	)		(94	)		(359	)		(51	)		(58	)		(147	)		(94	)		(350	)
A		(50	)		(50	)		(94	)		(103	)		(297	)		(38	)		(40	)		(91	)		(115	)		(284	)
BBB		(22	)		(17	)		(43	)		(35	)		(117	)		(43	)		(19	)		(48	)		(35	)		(145	)
BB		(34	)		—			—			—			(34	)		(23	)		(2	)		(3	)		—			(28	)
B		(9	)		—			—			—			(9	)		(6	)		—			—			—			(6	)
CCC and lower		(2	)		(1	)		(10	)		—			(13	)		(3	)		—			—			—			(3	)

Total	$	(359	)	$	(193	)	$	(449	)	$	(439	)	$	(1,440	)	$	(359	)	$	(193	)	$	(449	)	$	(439	)	$	(1,440	)

⁽¹⁾	We do not have any 2008 vintage commercial mortgage-backed securities.

⁽²⁾

As of December 31, 2008, 40% of our commercial mortgage-backed securities related to loans with fixed interest rates, and 60% related to loans with floating interest rates. The average original loan-to-value ratio for commercial mortgage-backed securities included in our fixed maturity portfolio is 62%. The following table sets forth the fair value of these investments by pricing source as of the date indicated:



	December 31, 2008
	Fair Value		% of Total
Priced via industry standard pricing methodologies	$	3,331	89	%
Priced via indicative market prices		192	5
Priced via internally developed models		235	6

Total commercial mortgage-backed securities	$	3,758	100	%

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Commercial Mortgage Loans Summary

(amounts in millions)


	December 31, 2008						September 30, 2008					June 30, 2008						March 31, 2008					December 31, 2007
Summary of Commercial Mortgage Loans	Carrying Amount			% of Total			Carrying Amount			% of Total		Carrying Amount			% of Total			Carrying Amount			% of Total		Carrying Amount			% of Total
*Geographic Region*
Pacific	$	2,137			26	%	$	2,192		26	%	$	2,247			27	%	$	2,323		27	%	$	2,339		26	%
South Atlantic		1,958			24			1,984		23			1,990			23			2,023		23			2,057		23
Middle Atlantic		1,083			13			1,090		13			1,109			13			1,155		13			1,226		14
East North Central		791			10			810		10			826			10			857		10			874		10
Mountain		746			9			775		9			783			9			790		9			794		9
West South Central		357			4			378		5			386			4			398		4			409		4
West North Central		434			5			437		5			451			5			467		5			464		5
East South Central		252			3			261		3			267			3			294		3			296		3
New England		520			6			533		6			526			6			528		6			514		6

Subtotal		8,278			100	%		8,460		100	%		8,585			100	%		8,835		100	%		8,973		100	%

Allowance for losses		(23	)					(21	)				(20	)					(21	)				(26	)
Unamortized fees and costs		7						8					8						8					6

Total	$	8,262					$	8,447				$	8,573					$	8,822				$	8,953

*Property Type*
Office	$	2,182			26	%	$	2,233		26	%	$	2,271			26	%	$	2,371		27	%	$	2,454		27	%
Industrial		2,143			26			2,178		26			2,220			26			2,292		26			2,326		26
Retail		2,393			29			2,420		29			2,446			28			2,476		27			2,465		27
Apartments		902			11			1,629		19			988			12			1,031		12			1,054		12
Mixed use/other		658			8			—		—			660			8			665		8			674		8

Subtotal		8,278			100	%		8,460		100	%		8,585			100	%		8,835		100	%		8,973		100	%

Allowance for losses		(23	)					(21	)				(20	)					(21	)				(26	)
Unamortized fees and costs		7						8					8						8					6

Total	$	8,262					$	8,447				$	8,573					$	8,822				$	8,953


	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	$	3,399			41	%	$	3,463		41	%	$	3,511			42	%	$	3,631		41	%	$	3,671		41	%
$5 million but less than $10 million		1,946			24			1,966		23			2,011			23			2,080		24			2,073		23
$10 million but less than $20 million		1,513			18			1,616		19			1,645			19			1,630		18			1,646		18
$20 million but less than $30 million		358			4			360		4			362			4			431		5			442		5
$30 million and over		1,050			13			1,054		13			1,055			12			1,055		12			1,116		13

Subtotal		8,266			100	%		8,459		100	%		8,584			100	%		8,827		100	%		8,948		100	%

Net premium/discount		12						1					1						8					25

Total	$	8,278					$	8,460				$	8,585					$	8,835				$	8,973



	December 31, 2008						September 30, 2008					June 30, 2008						March 31, 2008					December 31, 2007
*Allowance for Losses on Commercial Mortgage Loans*
Beginning balance	$	21					$	20				$	21					$	26				$	21
Provisions		2						1					—						—					5
Releases								—					(1	)					(5	)				—

Ending balance	$	23					$	21				$	20					$	21				$	26


Commercial Mortgage Loan Information by Vintage (loan amounts in millions) As of December 31, 2008
Loan year	Total loan balance			Delinquent loan balance			Number of loans			Number of delinquent loans		Average balance per loan			Average balance per delinquent loan			Average loan-to-value⁽¹⁾
2004 and prior	$	3,037		$	—			1,169		—		$	3		$	—			48	%
2005		1,700			—			330		—		$	5			—			55	%
2006		1,637			—			303		—		$	5			—			57	%
2007		1,573			—			206		—		$	8			—			60	%
2008		319			—			209		—		$	2			—			63	%

Total	$	8,266		$	—			2,217		—		$	4		$	—			54	%

⁽¹⁾	Represents loan-to-value at origination.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

General Account GAAP Net Investment Income Yields

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
GAAP Net Investment Income
Fixed maturities—taxable	$	684		$	715		$	715		$	764		$	2,878		$	802		$	821		$	792		$	774		$	3,189
Fixed maturities—non-taxable		29			29			26			25			109			25			26			26			25			102
Commercial mortgage loans		121			123			136			143			523			142			142			134			130			548
Equity securities		4			5			10			10			29			11			6			7			7			31
Other invested assets		8			20			22			18			68			19			11			17			6			53
Limited partnerships⁽¹⁾		(35	)		(31	)		(10	)		6			(70	)		9			26			5			4			44
Policy loans		40			43			40			39			162			38			36			36			34			144
Cash, cash equivalents and short-term investments		30			36			41			25			132			32			28			32			27			119

Gross investment income before expenses and fees		881			940			980			1,030			3,831			1,078			1,096			1,049			1,007			4,230
Expenses and fees		(24	)		(22	)		(27	)		(28	)		(101	)		(25	)		(22	)		(25	)		(23	)		(95	)

Net investment income	$	857		$	918		$	953		$	1,002		$	3,730		$	1,053		$	1,074		$	1,024		$	984		$	4,135

Annualized Yields
Fixed maturities—taxable		5.6	%		5.5	%		5.4	%		5.7	%		5.6	%		5.9	%		6.1	%		6.0	%		5.9	%		6.0	%
Fixed maturities—non-taxable		4.5	%		4.7	%		4.5	%		4.6	%		4.6	%		4.6	%		4.8	%		4.6	%		4.8	%		4.7	%
Commercial mortgage loans		5.8	%		5.8	%		6.2	%		6.4	%		6.1	%		6.4	%		6.4	%		6.2	%		6.2	%		6.3	%
Equity securities		4.9	%		5.0	%		10.3	%		11.2	%		8.2	%		16.0	%		13.4	%		16.1	%		15.2	%		14.5	%
Other invested assets		2.2	%		10.9	%		11.7	%		10.9	%		7.1	%		16.6	%		9.8	%		13.9	%		5.5	%		11.2	%
Limited partnerships⁽¹⁾		-19.5	%		-17.7	%		-5.9	%		3.3	%		-10.3	%		5.9	%		21.2	%		4.9	%		5.3	%		9.9	%
Policy loans		9.0	%		9.4	%		9.2	%		9.4	%		9.2	%		9.2	%		9.0	%		9.2	%		9.0	%		9.1	%
Cash, cash equivalents and short-term investments		1.7	%		2.6	%		3.3	%		2.9	%		2.5	%		4.0	%		3.6	%		5.0	%		4.6	%		4.2	%

Gross investment income before expenses and fees		4.9	%		5.2	%		5.4	%		5.8	%		5.3	%		6.0	%		6.2	%		6.0	%		5.9	%		6.0	%
Expenses and fees		-0.1	%		-0.1	%		-0.1	%		-0.2	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%		-0.1	%

Net investment income		4.8	%		5.1	%		5.3	%		5.6	%		5.2	%		5.9	%		6.1	%		5.9	%		5.8	%		5.9	%

Yields for fixed maturities and equity securities are based on amortized cost and cost, respectively. Yields for securities lending activity, which is included in other invested assets, are calculated net of the corresponding securities lending liability.

⁽¹⁾	Limited partnership investments are equity-based and do not have fixed returns by period.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Net Investment Gains (Losses), Net of Taxes and Other Adjustments—Detail

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4
Net Investment Gains (Losses), Net of Taxes and Other Adjustments
Net realized gains (losses) on available-for-sale securities:
Fixed Maturities:
U.S. corporate	$	(5	)	$	(78	)	$	(6	)	$	(1	)	$	(90	)	$	1
U.S. government, agencies & government sponsored entities		—			5			6			—			11			—
Foreign corporate		(3	)		(4	)		8			—			1			—
Foreign government		9			7			7			2			25			—
Tax exempt		—			—			3			—			3			—
Mortgage-backed securities (MBS)		(6	)		2			—			—			(4	)		(5	)
Asset-backed securities (ABS)		(4	)		—			(1	)		—			(5	)		(1	)
Equity securities		(1	)		(18	)		—			1			(18	)		2
FX		1			—			—			—			1			—

Total net realized gains (losses) on available-for-sale securities		(9	)		(86	)		17			2			(76	)		(3	)

Impairments:
Corporate fixed maturities		(206	)		(145	)		(20	)		(32	)		(403	)		(19	)
Foreign government fixed maturities		(13	)		—			—			—			(13	)		—
Limited partnerships		—			(1	)		—			—			(1	)		(1	)
Equity securities		(11	)		(56	)		(3	)		—			(70	)		(3	)
CML		(1	)		—			—			—			(1	)		—
Alt-A residential mortgage-backed securities:
AAA		—			(5	)		—			—			(5	)		—
AA		(16	)		(5	)		(4	)		—			(25	)		—
A		(27	)		(7	)		(16	)		(20	)		(70	)		(7	)
BBB		(16	)		(12	)		(5	)		(10	)		(43	)		(7	)
Below BBB		(38	)		(26	)		(35	)		(17	)		(116	)		(8	)
Sub-prime residential mortgage-backed securities:
AA		(3	)		—			—			(2	)		(5	)		(18	)
A		(2	)		(3	)		(8	)		(3	)		(16	)		—
BBB		(18	)		(2	)		(4	)		(8	)		(32	)		(19	)
Below BBB		(99	)		(44	)		(40	)		(15	)		(198	)		(34	)
Prime residential mortgage-backed securities:
A		(32	)		(2	)		(5	)		(5	)		(44	)		—
BBB		(13	)		(1	)		(3	)		(1	)		(18	)		—
Below BBB		(26	)		(4	)		—			—			(30	)		—
Change in intent:
Alt-A		—			(30	)		(55	)		—			(85	)		—
Sub-prime		—			(19	)		(159	)		—			(178	)		—
Prime		—			(4	)		(1	)		—			(5	)		—
Automobile		—			(2	)		—			—			(2	)		—
Other mortgage-backed securities		(1	)		—			—			(1	)		(2	)		(7	)
Other asset-backed securities		(2	)		(2	)		—			—			(4	)		—
Commercial mortgage-backed securities (CMBS):
A		—			—			—			(3	)		(3	)		—
BBB		(1	)		(2	)		—			(1	)		(4	)		—
Below BBB		(4	)		(4	)		(1	)		(3	)		(12	)		—

Total impairments		(529	)		(376	)		(359	)		(121	)		(1,385	)		(123	)

Net unrealized gains (losses) on trading securities		(18	)		(6	)		1			(5	)		(28	)		(7	)
Derivative instruments		473			(60	)		6			(22	)		397			(3	)
Bank loans		(13	)		(3	)		—			(2	)		(18	)		—
Commercial mortgage loans held-for-sale market valuation allowance		(1	)		—			(1	)		1			(1	)		(3	)

Net investment gains (losses), net of taxes		(97	)		(531	)		(336	)		(147	)		(1,111	)		(139	)

DAC and other intangible amortization related to net investment gains (losses)		8			53			15			19			95			5

Net investment gains (losses), net of taxes and other adjustments	$	(89	)	$	(478	)	$	(321	)	$	(128	)	$	(1,016	)	$	(134	)

RECONCILIATIONS OF NON-GAAP MEASURES

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Reconciliation of Operating ROE

(amounts in millions)


	Twelve months ended
Twelve Month Rolling Average ROE	December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007
GAAP Basis ROE
Net income (loss) for the twelve months ended⁽¹⁾	$	(572	)	$	(73	)	$	524		$	1,012		$	1,220
Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	12,486		$	12,613		$	12,633		$	12,549		$	12,431
GAAP Basis ROE⁽¹⁾ divided by⁽²⁾		-4.6	%		-0.6	%		4.1	%		8.1	%		9.8	%

Operating ROE
Net operating income for the twelve months ended⁽¹⁾	$	469		$	990		$	1,138		$	1,277		$	1,373
Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss)⁽²⁾	$	12,486		$	12,613		$	12,633		$	12,549		$	12,431
Operating ROE⁽¹⁾ divided by⁽²⁾		3.8	%		7.8	%		9.0	%		10.2	%		11.0	%

⁽¹⁾	The twelve months ended information is derived by adding the four quarters of net income (loss) and net operating income (loss) from page 10 herein.

⁽²⁾	Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending stockholders’ equity, excluding accumulated other comprehensive income (loss), but including equity related to discontinued operations, for the most recent five quarters.


	Three months ended
Quarterly Average ROE	December 31, 2008			September 30, 2008			June 30, 2008			March 31, 2008			December 31, 2007
GAAP Basis ROE
Net income (loss) for the period ended⁽³⁾	$	(321	)	$	(258	)	$	(109	)	$	116		$	178
Average stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	12,153		$	12,467		$	12,688		$	12,756		$	12,686
Annualized GAAP Quarterly Basis ROE⁽³⁾ divided by⁽⁴⁾		-10.6	%		-8.3	%		-3.4	%		3.6	%		5.6	%

Operating ROE
Net operating income (loss) for the period ended⁽³⁾	$	(207	)	$	220		$	212		$	244		$	314
Average stockholders’ equity for the period, excluding accumulated other comprehensive income (loss)⁽⁴⁾	$	12,153		$	12,467		$	12,688		$	12,756		$	12,686
Annualized Operating Quarterly Basis ROE⁽³⁾ divided by⁽⁴⁾		-6.8	%		7.1	%		6.7	%		7.7	%		9.9	%

⁽³⁾	Net income (loss) and net operating income (loss) from page 8 herein.

⁽⁴⁾	Quarterly average stockholders’ equity, excluding accumulated other comprehensive income (loss), is derived by averaging ending stockholders’ equity, excluding accumulated other comprehensive income (loss), but including equity related to discontinued operations.

Non-GAAP Definition for Operating ROE

The company references the non-GAAP financial measure entitled “operating return on equity” or “operating ROE.” The company defines operating ROE as net operating income (loss) divided by average ending stockholders’ equity, excluding accumulated other comprehensive income (loss) (AOCI) in average ending stockholders’ equity. Management believes that analysis of operating ROE enhances understanding of the efficiency with which the company deploys its capital. However, operating ROE as defined by the company should not be viewed as a substitute for GAAP net income (loss) divided by average ending stockholders’ equity.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Reconciliation of Expense Ratio

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
GAAP Basis Expense Ratio
Acquisition and operating expenses, net of deferrals⁽¹⁾	$	566		$	515		$	551		$	528		$	2,160		$	551		$	540		$	495		$	489		$	2,075
Total revenues⁽²⁾	$	2,629		$	2,168		$	2,398		$	2,753		$	9,948		$	2,775		$	2,875		$	2,765		$	2,710		$	11,125

Expense ratio⁽¹⁾ divided by⁽²⁾		21.5	%		23.8	%		23.0	%		19.2	%		21.7	%		19.9	%		18.8	%		17.9	%		18.0	%		18.7	%

GAAP Basis, As Adjusted—Expense Ratio
Acquisition and operating expenses, net of deferrals	$	566		$	515		$	551		$	528		$	2,160		$	551		$	540		$	495		$	489		$	2,075
Less wealth management		59			67			67			67			260			70			69			65			60			264
Less lifestyle protection business^(a)		191			200			216			200			807			199			218			183			181			781
Less expenses related to reorganization^(b)		31			—			—			—			31			—			—			—			8			8

Adjusted acquisition and operating expenses, net of deferrals⁽³⁾	$	285		$	248		$	268		$	261		$	1,062		$	282		$	253		$	247		$	240		$	1,022

Total revenues	$	2,629		$	2,168		$	2,398		$	2,753		$	9,948		$	2,775		$	2,875		$	2,765		$	2,710		$	11,125
Less wealth management		71			86			86			87			330			90			88			82			76			336
Less lifestyle protection business		338			370			431			418			1,557			398			410			363			357			1,528
Less net investment gains (losses)		(143	)		(789	)		(518	)		(226	)		(1,676	)		(214	)		(48	)		(51	)		(19	)		(332	)

Adjusted total revenues⁽⁴⁾	$	2,363		$	2,501		$	2,399		$	2,474		$	9,737		$	2,501		$	2,425		$	2,371		$	2,296		$	9,593

Adjusted expense ratio⁽³⁾ divided by⁽⁴⁾		12.1	%		9.9	%		11.2	%		10.5	%		10.9	%		11.3	%		10.4	%		10.4	%		10.5	%		10.7	%

Non-GAAP Definition for Expense Ratio

The company references the non-GAAP financial measure entitled “expense ratio” as a measure of productivity. The company defines expense ratio as acquisition and operating expenses, net of deferrals, divided by total revenues, excluding the effects of the company’s wealth management and lifestyle protection businesses. The wealth management and lifestyle protection businesses are excluded from this ratio as their expense bases are comprised of varying levels of non-deferrable acquisition costs. Management believes that the expense ratio analysis enhances understanding of the productivity of the company. However, the expense ratio as defined by the company should not be viewed as a substitute for GAAP acquisition and operating expenses, net of deferrals, divided by total revenues.

^(a)	Includes severance and other employee related expenses of $7 million associated with our reorganization announced in the fourth quarter 2008.

^(b)	Includes severance and other employee related expenses associated with our reorganization announced in the fourth quarter of 2008 and the first quarter of 2007.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Reconciliation of Core Premiums

(amounts in millions)


	2008															2007
	Q4			Q3			Q2			Q1			Total			Q4		Q3		Q2		Q1		Total
Reported premiums	$	1,616		$	1,735		$	1,709		$	1,717		$	6,777		$	1,670	$	1,600	$	1,549	$	1,511	$	6,330
Less retirement income—spread-based premiums		105			181			111			167			564			135		118		151		154		558
Less impact of changes in foreign exchange rates		(103	)		16			60			65			38

Core premiums	$	1,614		$	1,538		$	1,538		$	1,485		$	6,175		$	1,535	$	1,482	$	1,398	$	1,357	$	5,772

Reported premium percentage change from prior year		-3.2	%		8.4	%		10.3	%		13.6	%		7.1	%
Core premium percentage change from prior year		5.1	%		3.8	%		10.0	%		9.4	%		7.0	%

Non-GAAP Definition for Core Premiums

The company references the non-GAAP financial measure entitled “core premiums” as a measure of premium growth. The company defines core premiums as earned premiums less premiums from our retirement income—spread-based business and the impact of changes in foreign exchange rates. The retirement income—spread-based premiums are excluded in this measure primarily because these are single premiums and are not an indication of future premiums. The impact of changes in foreign exchange rates are excluded in this measure to present periods on a comparable exchange rate. Management believes that analysis of core premiums enhances understanding of premium growth of the company. However, core premiums as defined by the company should not be viewed as a substitute for GAAP earned premiums.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Reconciliation of Core Yield

(Assets—amounts in billions)


		2008															2007
		Q4			Q3			Q2			Q1			Total			Q4			Q3			Q2			Q1			Total
	Reported—Total Invested Assets and Cash	$	67.9		$	69.3		$	73.1		$	73.3		$	67.9		$	73.9		$	73.5		$	72.6		$	71.3		$	73.9
	Subtract:
	Securities lending		1.5			1.7			1.8			2.4			1.5			2.4			2.3			2.2			2.2			2.4
	Unrealized gains (losses)		(6.3	)		(4.4	)		(2.3	)		(1.6	)		(6.3	)		(0.3	)		(0.3	)		(0.2	)		1.0			(0.3	)
	Derivative counterparty collateral		1.6			0.6			0.5			0.7			1.6			0.4			0.2			0.1			0.3			0.4

	Adjusted ends of period invested assets	$	71.1		$	71.4		$	73.1		$	71.8		$	71.1		$	71.4		$	71.3		$	70.5		$	67.8		$	71.4

(A)	Average Invested Assets used in Reported and Core Yield Calculation	$	71.3		$	72.3		$	72.5		$	71.6		$	71.8		$	71.4		$	70.9		$	69.2		$	67.5		$	69.6
	Subtract: portfolios supporting floating products		12.6			13.6			14.1			14.1			13.5			14.1			14.2			13.4			12.2			13.5

(B)	Average Invested Assets used in Core Yield (excl. Floating) Calculation	$	58.7		$	58.7		$	58.4		$	57.5		$	58.3		$	57.3		$	56.7		$	55.8		$	55.3		$	56.1

	(Income—amounts in millions)
(C)	Reported—Net Investment Income	$	857		$	918		$	953		$	1,002		$	3,730		$	1,053		$	1,074		$	1,024		$	984		$	4,135
	Subtract:
	Bond calls and commercial mortgage loan prepayments		5			3			13			12			33			6			14			22			10			52
	Reinsurance and reclassification⁽¹⁾		11			16			19			15			61			15			26			18			9			68
	Other non-core items⁽²⁾		(5	)		5			2			(1	)		1			5			1			1			6			13

(D)	Core Net Investment Income		846			894			919			976			3,635			1,027			1,033			983			959			4,002
	Subtract: investment income from portfolios supporting floating products		87			111			121			164			483			205			209			196			180			790

(E)	Core Net Investment Income (excl. Floating)	$	759		$	783		$	798		$	812		$	3,152		$	822		$	824		$	787		$	779		$	3,212

(C) / (A)	Reported Yield		4.81	%		5.08	%		5.26	%		5.60	%		5.19	%		5.90	%		6.06	%		5.92	%		5.84	%		5.94	%
(D) / (A)	Core Yield⁽³⁾		4.75	%		4.95	%		5.07	%		5.45	%		5.06	%		5.75	%		5.83	%		5.69	%		5.69	%		5.75	%
(E) / (B)	Core Yield (excl. Floating)⁽³⁾		5.18	%		5.34	%		5.47	%		5.65	%		5.41	%		5.74	%		5.81	%		5.65	%		5.64	%		5.72	%

Notes:

—Columns may not add due to rounding.

—Yields have been annualized.

Non-GAAP Definition for Core Yield

The company references the non-GAAP financial measure entitled “core yield” as a measure of investment yield. The company defines core yield as the investment yield adjusted for those items that are not recurring in nature. Management believes that analysis of core yield enhances understanding of the investment yield of the company. However, core yield as defined by the company should not be viewed as a substitute for GAAP investment yield.

⁽¹⁾

Represents imputed investment income related to a reinsurance agreement in our lifestyle protection business. The third quarter of 2007 reflects an expense reclassification of $16 million from net investment income to acquisition and operating expenses, net of deferrals. The reclassification was associated with exit fee accruals for the guarantee fund that the Canadian government requires us to maintain in the event of insolvency. Prior periods were not restated as the adjustment is immaterial to the current period and all prior periods.

⁽²⁾	Includes consent fees, return of investment, mark-to-mark adjustment on assets supporting executive deferred compensation and various other immaterial items.

⁽³⁾

Beginning in 2007, limited partnership assets and investment income were allocated to the operating segments from Corporate and Other. The core yield calculation has been adjusted to include limited partnership assets and investment income to reflect the diversified portfolio strategy used to support the Retirement and Protection segment liabilities.

CORPORATE INFORMATION

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Industry Ratings

Our principal life insurance subsidiaries are rated by A.M. Best, Standard and Poor's (S&P), Moody’s and Fitch as follows:


Company	A.M. Best	S&P	Moody’s	Fitch
Genworth Life Insurance Company	A+	AA-	A1	A+
Genworth Life Insurance Company (short-term rating)	Not rated	A-1+	P-1	Not rated
Genworth Life and Annuity Insurance Company	A+	AA-	A1	A+
Genworth Life and Annuity Insurance Company (short-term rating)	Not rated	A-1+	P-1	Not rated
Genworth Life Insurance Company of New York	A+	AA-	A1	A+
Continental Life Insurance Company of Brentwood, Tennessee	A	Not rated	Not rated	A+
American Continental Insurance Company	A-	Not rated	Not rated	Not rated

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


Company	S&P	Moody’s
Genworth Mortgage Insurance Corporation	A+	Aa3
Genworth Financial Mortgage Insurance Pty. Limited	AA	Aa3
Genworth Financial Mortgage Insurance Limited	A	Aa3
Genworth Residential Mortgage Insurance Corporation of NC	A+	Aa3
Genworth Financial Assurance Corporation	Not rated	Aa3
Genworth Financial Mortgage Insurance Company Canada⁽¹⁾	AA	Not rated
Genworth Seguros de Credito a la Vivienda S.A. de C.V.	mxAAA	Aa1.mx

⁽¹⁾	Genworth Financial Mortgage Insurance Company Canada is also rated “AA” by Dominion Bond Rating Service (DBRS).

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” and “A-” (Excellent) ratings are assigned to companies that have, in its opinion, an excellent ability to meet their ongoing insurance obligations. The “A+” (Superior), “A” and “A-” (Excellent) ratings are the second-, third- and fourth-highest of fifteen ratings assigned by A.M. Best, which range from “A++” to “F.”

S&P states that an insurer rated “AA” (Very Strong) has very strong financial security characteristics and is highly likely to have the ability to meet financial commitments, while an insurer rated “A” (Strong) has strong financial security characteristics. The “AA” and “A” ranges are the second- and third-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”, “AA-”, “A+” and “A” ratings are the third-, fourth-, fifth- and sixth-highest of S&P's 21 ratings categories. The short-term “A-1” rating is the highest rating and shows the capacity 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. An obligor rated “mxAAA” has a very strong capacity to meet its financial commitments relative to that of other Mexican obligors. The “mxAAA” rating is the highest enterprise credit rating assigned on S&P’s CaVal national scale.

GENWORTH FINANCIAL, INC.

4Q 2008 FINANCIAL SUPPLEMENT

Industry Ratings (continued)

Moody’s states that insurance companies rated “Aa” (Excellent) offer excellent financial security and constitute what are generally known as high-grade companies. Moody's states that insurance companies rated “A” (Good) offer good financial security. The “Aa” and “A” ranges are the second- and third-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 “Aa3” and “A1” ratings are the fourth- and fifth-highest of Moody’s 21 ratings categories. Short-term rating “P-1” is the highest rating and shows superior ability for repayment of senior note short-term policyholder claims and obligations. Issuers or issues rated “Aa.mx” demonstrate very strong creditworthiness relative to other issuers in Mexico.

Fitch states that “A” (Strong) rated insurance companies are viewed as possessing strong capacity to meet policyholder and contract obligations. The “A” rating category is the third-highest of eight financial strength rating categories, which range from “AAA” to “C.” 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 “A+” rating is the fifth-highest of Fitch's 21 ratings categories.

DBRS states that long-term debt rated “AA” is of superior credit quality. Given the extremely restrictive definition DBRS has for the “AAA” category, entities rated “AA” are also considered to be strong credits, typically exemplifying above-average strength in key areas of consideration and unlikely to be significantly affected by reasonably foreseeable events.

A.M. Best, S&P, Moody’s, Fitch and DBRS 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 financial security company meeting the retirement, longevity and lifestyle protection, investment and mortgage insurance needs of more than 15 million customers, with a presence in more than 25 countries. For more information, visit www.genworth.com.

Inquiries:

Alicia Charity, 804-662-2248

Alicia.Charity@genworth.com