Genworth Financial Inc - Company Profile
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Business Description
Genworth Financial Inc (Genworth) is a provider of a range of insurance and financial products and services to individuals and institutional clients. It offers its products and services through a network of sales forces, employee groups, and independent producers. The company has a presence in the US.
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Business Segments
Overview
Comprised of long-term care insurance, life insurance and annuity products that were previously sold through legacy insurance subsidiaries. Long-term care insurance products are intended to protect against the high and escalating costs of long-term care services provided in the insured’s home or assisted living or nursing facilities. Life insurance products include traditional and non-traditional life insurance (term, universal and term universal life insurance as well as corporate-owned life insurance and funding agreements). Retirement income products include fixed and variable annuities.
Performance
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Overview
Offers mortgage insurance products, primarily focusing on primary mortgage insurance, which protects individual loans. It serves the mortgage industry, including individual borrowers and lenders. Enact's strategy focuses on providing scalable mortgage insurance solutions and contract underwriting services, maintaining underwriting guidelines, and managing risk through coverage levels and premium rates.
Performance
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