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Genworth Financial Inc: Overview

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Genworth Financial Inc (Genworth) is a financial and insurance provider. The company offers a range of insurance and financial products and solutions to its clients. Its product offering includes long term care insurance, mortgage insurance, variable annuities, variable life insurance and accident and health insurance. Its service offering includes claims settlement services, online insurance support services, and financial and insurance advisory services. It also offers funding agreements backing notes (FABN), funding agreements, and guaranteed investment contracts (GIC). The company provides its products and solutions to individuals and institutional clients. It distributes its products and services through sales force, independent producers and employers’ group. The company operates in the US and Australia. Genworth is headquartered in Richmond, Virginia, the US.

Headquarters United States of America

Address 6620 W Broad St, Richmond, Virginia, 23230-1716


No of Employees 3,000

Industry Financial Services

Ticker Symbol & Exchange GNW (NYSE)
Revenue (2020) $8.7B 7.0% (2020 vs 2019)

EPS XXX

Net Income (2020) XXX -48.1% (2020 vs 2019)

Market Cap* $2.2B

Net Profit Margin (2020) XXX -51.7% (2020 vs 2019)

* As of and is in US$

Products and Services

Products Services
Long Term Care Insurance Online Insurance Support Services
Flow Mortgage Insurance(Lenders Mortgage Insurance) Financial and Insurance Advisory Services
Variable Life Insurance Funding Agreements Backing Notes
XXX XXX
XXX XXX
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2021 Contracts/Agreements In April, the company terminated its merger agreement with China Oceanwide Holdings Group Co Ltd.
2021 Contracts/Agreements In February, the company entered into an agreement to sell its entire stake in Genworth Mortgage Insurance Australia (Genworth Australia).
2020 Contracts/Agreements In July, the company entered into an agreement with AXA, to settle the dispute between the liability for payment protection insurance.
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Competitor Comparison

Key Parameters Genworth Financial Inc MetLife Inc The Northwestern Mutual Life Insurance Co Citizens Inc Federal Housing Administration
Headquarters United States of America United States of America United States of America United States of America United States of America
City Richmond New York Milwaukee Austin -
State/Province Virginia New York Wisconsin Texas -
No. of Employees 3,000 46,500 6,400 245 -
Entity Type Public Public Private Public Private
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Executives
Name Position Board Since Age
Thomas J. McInerney President; Chief Executive Officer; Director Executive Board 2013 64
Daniel J. Sheehan IV Executive Vice President; Chief Financial Officer; Chief Investment Officer Senior Management 2020 55
Brian Haendiges Executive Vice President - US Life Insurance; Chief Executive Officer - US Life Insurance; Chief Risk Officer Senior Management 2021 60
Melina E. Higgins Chairman Non Executive Board 2021 53
Pauline Blight-Johnston Chief Executive Officer - Genworth Mortgage Insurance Australia; Managing Director - Genworth Mortgage Insurance Australia Executive Board 2020 -
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
Non Dignissim Eros Proin vel Convallis 2021 XX
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