Company Ratings

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.  These and other agencies may also rate our company or our insurance subsidiaries on a solicited or an unsolicited basis.  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.  Each of the following organizations use a different ranking system to rate insurers; they are not equivalent to one another. See the information below about Rating Categories to learn more.

Ratings current as of 11/11/2008

Industry Ratings

Our principal life insurance subsidiaries are rated by A.M. Best, Standard and Poor's, Moody's and Fitch as follows:

Genworth Life and Annuity Insurance Company, Genworth Life Insurance Company and Genworth Life Insurance Company of New York ratings do not apply to the safety or performance of underlying portfolios of variable products, which will fluctuate and could lose value.

Our mortgage insurance subsidiaries are rated by Standard and Poor's and Moody's as follows:

⁽¹⁾Genworth Financial Mortgage Insurance Company Canada is also rated by Dominion Bond Rating Services (DBRS). The DBRS rating is "AA".

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 that outweigh any vulnerabilities, and is highly likely to have the ability to meet financial commitments. The "AA" range is the second-highest of the four ratings ranges that meet these criteria, and also is the second-highest of nine financial strength rating ranges assigned by S&P, which range from "AAA" to "R." A plus (+) or minus (-) shows relative standing in a rating category. Accordingly, the “AA” and “AA-” ratings are the third- and fourth-highest of S&P’s 21 ratings categories. 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.

Moody’s states that insurance companies rated "Aa" (Excellent) offer excellent financial security. Moody’s states that companies in this group constitute what are generally known as high-grade companies. Moody's states that insurance companies rated "A" (Good) offer good financial security. The "Aa" and "A" ranges are the second- and third-highest, respectively, 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 groups, with 1 being the highest and 3 being the lowest. Accordingly, the "Aa3" and "A1" ratings are the fourth- and fifth-highest, respectively, of Moody’s 21 ratings categories. Short-term rating "P-1" is the highest rating and shows superior ability for repayment of short-term debt 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, and protection of interest and principal is considered high. In many cases they differ from long-term debt rated "AAA" only to a small degree. Given the restrictive definiation 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.

Rating Categories

The rating categories in any given rank are not equivalent to one another.