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, funding agreements, 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. The company provides its products and solutions to individuals and institutional clients. It distributes its products and services through sales force, independent sales intermediaries and distribution partners. The company operates in the US and internationally. Genworth is headquartered in Richmond, Virginia, the US.
Headquarters
United States of America
Address
6620 W Broad St, Richmond, Virginia, 23230-1716
Website
www.genworth.com
Telephone
1 804 2816000
No of Employees
2,500
Industry
Financial Services
Ticker Symbol & Exchange
GNW (NYSE)
Revenue (2023)
$7.5B
-5.5%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
407.9%
(2023 vs 2022)
Market Cap*
$3.1B
Net Profit Margin (2022)
XYZ
436.7%
(2023 vs 2022)
* As of and is in US$
Genworth Financial Inc premium industry data and analytics
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 |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Others | In December, the company signed a direct lease with FD Stonewater to commence upon expiration of the sublease. |
| 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). |
Competitor Comparison
| Key Parameters | Genworth Financial Inc | MetLife Inc | New York Life Insurance Co | The Northwestern Mutual Life Insurance Co | Protective Life Corporation |
|---|---|---|---|---|---|
| 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 | New York City | Milwaukee | Birmingham |
| State/Province | Virginia | New York | New York | Wisconsin | Alabama |
| No. of Employees | 2,500 | 43,000 | 11,388 | 7,600 | 3,600 |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas J. McInerney | President; Director; Chief Executive Officer | Executive Board | 2013 | 65 |
| Daniel J. Sheehan IV | Chief Investment Officer; Chief Financial Officer; Executive Vice President | Senior Management | 2020 | 56 |
| Brian Haendiges | Chief Risk Officer; Executive Vice President - US Life Insurance | Senior Management | 2021 | 61 |
| Melina E. Higgins | Chairman | Non Executive Board | 2021 | 54 |
| 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 | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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