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Barrett A. Toan Elected to Genworth Financial Board of Directors

RICHMOND, Va., July 20 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. (NYSE: GNW) announced that Barrett A. Toan, 59, the recently retired chairman of Express Scripts, Inc., has been elected to its board of directors.

"Barrett Toan is a highly regarded national figure in health care policy and management and has extensive experience both in government and in the private sector," said Michael D. Fraizer, chairman and chief executive officer. "He brings an impressive business and technology background to the board, having helped make Express Scripts one of the leading pharmacy-benefits management companies in the United States."

Express Scripts was established in 1986 and Toan joined the St. Louis company in 1989, and was named president in 1990 and chief executive officer in 1992, the year Express Scripts became a publicly traded company. He became chairman of the board in 2000. Previously, Toan worked in various state government positions in Arkansas, was commissioner of social services in the Missouri Department of Social Services and later moved into the private sector, launching Sanus Health Plan of St. Louis in 1985 and helping to take it public before moving to Express Scripts.

Toan's addition to Genworth's board increases its number of directors to nine, and the company said it would consider adding additional independent directors.

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 24 countries, including the United States, Australia, Canada, Japan, Mexico, New Zealand, the United Kingdom and 17 other European countries. For more information, visit http://www.genworth.com.

SOURCE Genworth Financial, Inc.

CONTACT: Investors: Alicia Charity, +1-804-662-2248,
Alicia.Charity@genworth.com, or
Media: Phil Moeller, +1-804-662-2534,
Philip.Moeller@genworth.com,
both of Genworth Financial, Inc.