Genworth Financial (NYSE:GNW), headquartered in Richmond, Virginia, is a leading provider of insurance and risk management products. The company traces its roots back to the late 19th century, but its modern incarnation was established in 2004 when it was spun off from GE Capital. Since then, Genworth has built a global footprint, offering tailored solutions to help individuals and institutions manage life’s financial uncertainties.
Genworth’s core business activities encompass mortgage insurance, long-term care insurance, life insurance, and annuity products. Its mortgage insurance segment helps lenders mitigate credit risk on home loans, enabling borrowers to access financing with lower down payments. The long-term care division offers policies that cover costs associated with extended care services, including in-home assistance and nursing facilities. In addition, Genworth provides term and universal life insurance alongside a range of annuity products designed to support retirement income planning.
Serving both the United States and Canada, Genworth leverages a broad distribution network that includes mortgage lenders, financial advisors, insurance brokers, and employer-sponsored benefit programs. The company continually invests in digital platforms and data analytics to streamline underwriting processes, improve customer engagement, and enhance risk modeling. Through these efforts, Genworth aims to deliver responsive service and innovative product features that address evolving client needs in diverse markets.
Under the leadership of President and Chief Executive Officer Tom McInerney, Genworth emphasizes disciplined capital management and prudent risk governance. The senior management team brings extensive experience in insurance, financial services, and regulatory compliance. With a commitment to operational efficiency and customer-centric innovation, Genworth Financial continues to adapt its portfolio and pursue strategic initiatives that reinforce its position as a trusted partner in the protection and transfer of financial risk.
