RICHMOND, Va., June 23 /PRNewswire-FirstCall/ -- Genworth Financial's
(NYSE: GNW) chairman, president and CEO, Michael D. Fraizer, will speak at
Friedman, Billings, Ramsey's 2nd Annual European Investor Conference in London
on Wednesday, June 29, 2005 at 5:55 a.m. EDT. The Company will also conduct
one-on-one investor meetings that will take place from June 27 through June
29. At these meetings, the Company will confirm guidance on net operating
earnings per share and operating return on equity (ROE) given on April 28,
2005.
A live audio web cast of the presentation, including slides, will be
publicly available through Genworth's website, http://investor.genworth.com.
To participate in the web cast of, register at least 15 minutes prior to the
web cast, then download and install any necessary software. A replay of the
presentation will be archived on Genworth's website shortly after the web
cast. The live web cast presentation will also be available at Friedman,
Billings, Ramsey's website, http://www.wsw.com/webcast/fbr11/gnw/.
About Genworth Financial
Genworth is a leading insurance holding company, serving the lifestyle
protection, retirement income, investment and mortgage insurance needs of more
than 15 million customers, and has operations in 22 countries, including the
U.S., Canada, Australia, the U.K. and more than a dozen other European
countries. For more information, visit http://www.genworth.com.
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, including the following:
- Risks relating to the company's businesses, including interest rate
fluctuations, downturns and volatility in equity markets, defaults in
portfolio securities, downgrades in the company's financial strength and
credit ratings, unexpected changes in mortality and morbidity rates,
accelerated amortization of deferred acquisition costs and present value of
future profits, impairment of the value of goodwill, failure of demand for
long-term care insurance to increase as expected, decreases in the volume of
mortgage originations, increases in mortgage insurance cancellations,
increases in the use of captive reinsurance in the mortgage insurance market,
the influence of large mortgage lenders and investors, foreign exchange rate
fluctuations, insufficiency of reserves, legal constraints on dividend
distributions by subsidiaries, illiquid investments, competition, inability to
attract or retain independent sales intermediaries and dedicated sales
specialists, defaults by counterparties, regulatory restrictions on the
company's operations, changes in applicable laws and regulations, legal or
regulatory actions or investigations and increased regulatory scrutiny into
some aspects of the company's operations, political or economic instability
and the threat of terrorism; and
- Risks relating to the company's separation from GE, including the loss
of benefits associated with GE's brand and reputation, the company's need to
establish the new Genworth brand identity quickly and effectively, the
company's inability to present financial information in SEC filings that
accurately represents the results the company would have achieved as a stand-
alone company, the possibility that the company will not be able to replace
services previously provided by GE on comparable terms, uncertainty of amounts
and timing of payments that the company has agreed to make to GE under the
company's Tax Matters Agreement and other matters relating to that agreement,
potential conflicts of interest with GE and GE's engaging in the same type of
business as the company does in the future.
The company undertakes no obligation to publicly update any forward-
looking statement, whether as a result of new information, future developments
or otherwise. This press release also includes references to the non-GAAP
financial measures entitled "net operating earnings" and "operating return on
equity". Information about these non-GAAP financial measures is available in
our earnings release dated April 28, 2005, available at
http://investor.genworth.com.
SOURCE Genworth Financial
CONTACT: Investors: Alicia Charity, +1-804-662-2248,
alicia.charity@genworth.com, or Media: Mike Kachel, +1-804-662-2534,
mike.kachel@genworth.com, both of Genworth Financial
