1156124--2/28/2008--GENWORTH_LIFE_&_ANNUITY_INSURANCE

related topics

{loss, insurance, financial}

{tax, income, asset}

{regulation, government, change}

{condition, economic, financial}

{capital, credit, financial}

{operation, natural, condition}

{financial, litigation, operation}

{system, service, information}

{competitive, industry, competition}

Interest rate fluctuations could adversely affect our business and profitability. Downturns and volatility in equity and credit markets could adversely affect our business and profitability. A downgrade or a potential downgrade in our financial strength or credit ratings could result in a loss of business and adversely affect our financial condition and results of operations. If our reserves for future policy claims are inadequate, we may be required to increase our reserve liabilities, which could adversely affect our results of operations and financial condition. Intense competition could negatively affect our ability to maintain or increase our market share and profitability. Reinsurance may not be available, affordable or adequate to protect us against losses. If the counterparties to our reinsurance arrangements or to the derivative instruments we use to hedge our business risks default or fail to perform, we may be exposed to risks we had sought to mitigate, which could adversely affect our financial condition and results of operations. We are heavily regulated, and changes in regulation may reduce our profitability and limit our growth. Legal and regulatory investigations and actions are increasingly common in the insurance business and may result in financial losses and harm our reputation. Our computer systems may fail or their security may be compromised, which could damage our business and adversely affect our financial condition and results of operations. The occurrence of natural or man-made disasters or a disease pandemic could adversely affect our financial condition and results of operations. We may face losses if mortality rates differ significantly from our pricing expectations. We may be required to accelerate the amortization of deferred acquisition costs and the present value of future profits, which would increase our expenses and reduce profitability. We may be required to recognize impairment in the value of our goodwill, which would increase our expenses and reduce our profitability. Medical advances, such as genetic research and diagnostic imaging, and related legislation could adversely affect the financial performance of our life insurance and annuities businesses. We may face losses if there are significant deviations from our assumptions regarding the future persistency of our insurance policies and annuity contracts. Regulations XXX and AXXX may have an adverse effect on our financial condition and results of operations by requiring us to increase our statutory reserves for term and universal life insurance or incur higher operating costs.

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1156124--2/28/2008--GENWORTH_LIFE_&_ANNUITY_INSURANCE_CO