RICHMOND, Va., March 8, 2012 /PRNewswire/ — Genworth Financial, Inc. (NYSE: GNW) today announced that it has priced a public offering of senior notes in an aggregate principal amount of $350 million as an add-on to its existing 7.625 percent senior notes due 2021. The notes sold in this offering will be issued at a public offering price of 103.0 percent of their face amount, without accrued interest, with a yield to maturity of 7.184 percent. Genworth intends to use the net proceeds from this offering for general corporate purposes, including increasing liquidity at the Genworth holding company level.

Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and UBS Securities LLC are joint book-running managers for this offering, which is expected to close on March 13, 2012. Interested parties may obtain a written prospectus relating to the senior notes offering from the following: Credit Suisse Securities (USA) LLC at Attention: Prospectus Department, One Madison Avenue, New York, New York 10010, telephone: 800-221-1037; Deutsche Bank Securities Inc., Attn: Prospectus Department, 100 Plaza One, Jersey City, NJ 07311, prospectusrequest@list.db.com, telephone: 800-503-4611; Goldman, Sachs & Co., Attn: Prospectus Department, 200 West Street, New York, NY 10282, prospectus-ny@ny.email.gs.com, telephone: 866-471-2526; and UBS Securities LLC, Attention: Prospectus Specialist, 299 Park Avenue, New York, NY 10171, telephone: 877-827-6444 ext. 561-3884.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state.

About Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) is a leading Fortune 500 insurance holding company dedicated to helping people secure their financial lives, families and futures. Genworth has leadership positions in offerings that assist consumers in protecting themselves, investing for the future and planning for retirement — including life insurance, long term care insurance, financial protection coverages, and independent advisor-based wealth management — and mortgage insurance that helps consumers achieve home ownership while assisting lenders in managing their risk and capital.

Genworth has approximately 6,400 employees and operates through three divisions: Insurance and Wealth Management, which includes U.S. Life Insurance, Wealth Management and International Protection segments; Mortgage Insurance, which includes U.S. and International Mortgage Insurance segments; and the Corporate and Runoff division. Its products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists. Genworth Financial, Inc., which traces its roots back to 1871, became a public company in 2004 and is headquartered in Richmond, Virginia.

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.