Genworth Financial Announces Departure of Jim Boyle

             Genworth Financial Announces Departure of Jim Boyle

PR Newswire

RICHMOND, Va., July 29, 2014

RICHMOND, Va., July 29, 2014 /PRNewswire/ --Genworth Financial, Inc. (NYSE:
GNW) today announced that James R. Boyle, the company's executive vice
president and chief executive officer of its U.S. Life Insurance Division, is
leaving Genworth. He has accepted the position of Chairman at HealthFleet,
Inc., a healthcare technology company. Tom McInerney, Genworth president and
chief executive officer (CEO), will also serve as CEO of the U.S. Life
Insurance Division effective immediately.

"On behalf of the Board and the employees of Genworth, I'd like to thank Jim
for his thoughtful and steadfast leadership since joining the company and wish
him well," said Tom McInerney. "Under his leadership, the U.S. Life Insurance
Division made continued progress on its turnaround plan, including improving
the focus on our distribution efforts and product development. The U.S. Life
Insurance team remains focused on driving further improvement across its
businesses."

McInerney added, "I have been working closely with Jim and his team on
developing the new Genworth LTC business model, as well as working with
government leaders and regulators to change the regulatory framework for the
LTC Insurance market. Therefore, the Board and I believe it makes sense for me
to assume the additional role of CEO of the U.S. Life division at this time."

About Genworth Financial
Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance
holding company committed to helping families become more financially secure,
self-reliant and prepared for the future. Genworth has leadership positions in
long term care insurance and mortgage insurance and competitive offerings in
life insurance and fixed annuities that assist consumers in solving their
insurance, retirement and home ownership needs.

Genworth operates through three divisions: U.S. Life Insurance, which includes
life insurance, long term care insurance and fixed annuities; Global Mortgage
Insurance, containing U.S. Mortgage Insurance and International Mortgage
Insurance segments; and the Corporate and Other division, which includes the
International Protection and Runoff segments. Products and services are
offered through financial intermediaries, advisors, independent distributors
and sales specialists. Genworth, headquartered in Richmond, Virginia, traces
its roots back to 1871 and became a public company in 2004. For more
information, visit genworth.com. From time to time, Genworth releases
important information via postings on its corporate website. Accordingly,
investors and other interested parties are encouraged to enroll to receive
automatic email alerts and Really Simple Syndication (RSS) feeds regarding new
postings. Enrollment information is found under the "Investors" section of
genworth.com. From time to time, Genworth's publicly traded subsidiaries,
Genworth MI Canada Inc. (TSX: MIC) and Genworth Mortgage Insurance Australia
Limited (ASX: GMA), separately release financial and other information about
their operations. This information can be found at http://www.genworth.com.au
and http://genworth.ca.

Cautionary Note Regarding Forward-Looking Statements
This press release contains certain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by words such as "expects,"
"intends," "anticipates," "plans," "believes," "seeks," "estimates," "will" or
words of similar meaning and include, but are not limited to, statements
regarding the outlook for the company's future business and financial
performance. Forward-looking statements are based on management's current
expectations and assumptions, which are subject to inherent uncertainties,
risks and changes in circumstances that are difficult to predict. Actual
outcomes and results may differ materially due to global political, economic,
business, competitive, market, regulatory and other factors and risks. The
company undertakes no obligation to publicly update any forward-looking
statement, whether as a result of new information, future developments or
otherwise.

SOURCE Genworth Financial, Inc.

Website: http://www.genworth.com
Contact: Investors: Amy Corbin, 804 662.2685, amy.corbin@genworth.com, or
Media: Al Orendorff, 804 662.2534, alfred.orendorff@genworth.com
 
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