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Genworth Financial Announces 20% Increase in Quarterly Cash Dividend

RICHMOND, Va., Sept. 20 /PRNewswire-FirstCall/ -- The board of directors at Genworth Financial, Inc. today raised the regular quarterly per share dividend for its Class A Common Stock to $0.090, an increase of 20 percent over the previous quarterly rate of $0.075. The quarterly dividend is payable on October 27, 2006 to holders of record as of October 12, 2006.

"Today's strong dividend increase reflects the strength of our businesses, ongoing solid financial performance and progress on growth initiatives and execution across all lines of our business," said Michael D. Fraizer, chairman and chief executive officer. "We continue to generate good capital capacity that enables us to invest in growth, execute our acquisition agenda and further enhance shareholder value through our ongoing share repurchase activity as well as this, our second annual dividend increase since our initial public offering in 2004."

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. For more information, visit http://www.genworth.com.

SOURCE Genworth Financial, Inc.

CONTACT: Investors: Jean Peters, +1-804-662-2693,
Jean.Peters@genworth.com, or
Media: Phil Moeller, +1-804-662-2534,
Phil.Moeller@genworth.com,
both of Genworth Financial, Inc.