“Market Cap $8.86 B As of May 2014
At a Glance
- Industry: Diversified Insurance
- Founded: 1871
- Country: United States
- CEO: Thomas McInerney
- Employees: 5,000
- Sales: $9.55 B
- Headquarters: Richmond, Virginia
#653 Global 2000
- #993 in Sales
- #1061 in Profit
- #234 in Assets
- #1213 in Market value
Genworth Financial, Inc. is a financial services company, which provides insurance, wealth management, investment and financial solutions. The company operates its business through three divisions: U.S. Life Insurance, Global Mortgage Insurance and Corporate and Other. The U.S. Life Insurance division offers and manages a variety of insurance and fixed annuity products. The Global Mortgage Insurance division includes the International Mortgage Insurance and U.S. Mortgage Insurance segments. The International Mortgage Insurance segment provides mortgage insurance products and related services in Canada, Australia, Mexico and multiple European countries. The U.S. Mortgage Insurance offer mortgage insurance products in the United States. The Corporate and Other division includes the International Protection, Wealth Management and Runoff segments. The International Protection provides the payment protection coverages in European countries. The Wealth Management segment offers and manages a variety of wealth management products that include managed account programs together with advisor support and financial planning services. The Runoff segment includes the results of non-strategic products which are no longer actively sold. Its non-strategic products include its variable annuity, variable life insurance; institutional, corporate-owned life insurance and Medicare supplement insurance products. Genworth Financial was founded on October 23, 2003 and is headquartered in Richmond, VA.“
“The Genworth story
Since writing our first policy in 1871 as The Life Insurance Company of Virginia, we’ve been committed to helping people effectively protect and achieve the comfort of financial security. Today, even in this challenging environment, Genworth is strategically focused and positioned to provide the stability, confidence and support our policyholders, customers and distributors can rely on now and in the future.
Genworth Financial, Inc. is a publicly traded global financial security company with more than $100 billion in assets and a presence in more than 25 countries. We’re recognized in Standard & Poor’s 500 Index of Leading U.S. companies and ranked in the Fortune 500.
Working with our distribution partners, we help people at key stages in their life through a wide-array of innovative products and financial services. From protecting and growing retirement income, to creating security through life and long term care insurance, to financial advisory services, to providing a safer, more secure path to homeownership, Genworth will be here to help provide financial security solutions.
We’re proud of our worldwide employees who apply their diverse talents and dedication to make a positive difference in people’s lives while helping to protect against life’s uncertainties. They bring a special knowledge of what’s important to help millions of people experience the joys and security of financial freedom. This same level of caring inspires their commitment to enhance the quality of life in the communities in which we live and work through a combination of volunteerism, community partnerships and charitable contributions. That’s why we work hard to support our employees by fostering a motivating, challenging and dynamic environment.”
*Information from Forbes.com and Genworth.com
**Video published on YouTube by “Genworth“