Genworth Financial (NYSE: GNW) is a leading financial security company offering a broad range of insurance products. Based in Richmond, Virginia, Genworth provides individuals and families with solutions designed to protect against long-term care expenses, secure life insurance needs and support homeownership through private mortgage insurance. With operations spanning the United States, Canada and Australia, the company serves both retail and institutional clients through a diversified portfolio of risk management services.
The company’s Private Mortgage Insurance (PMI) segment offers coverage to lenders and consumers in the US, Canada and Australia, enabling homebuyers to purchase properties with lower down payments. Genworth’s PMI products mitigate credit risk for mortgage originators and investors, facilitating greater access to homeownership and contributing to the stability of the housing finance market. Through partnerships with major banks, credit unions and mortgage brokers, the company underwrites new policies, monitors existing portfolios and manages claims processes.
Genworth’s Long-Term Care (LTC) insurance business provides financial protection against the cost of extended care services, including assisted living, nursing home care and in-home support. The company designs LTC products to help policyholders preserve assets and maintain quality of life as healthcare needs evolve with aging. In addition, Genworth continues to offer term life and universal life insurance products, helping individuals address income replacement, estate planning and wealth transfer objectives, though its primary focus has shifted toward PMI and LTC in recent years.
Tracing its origins to the Life Insurance Company of Virginia, founded in 1871, Genworth Financial became an independent publicly traded company in 2004 following a spin-off from General Electric’s consumer finance business. Today, the company is led by an experienced executive team and governed by an independent board of directors, all based at its corporate headquarters in Richmond. Genworth remains committed to leveraging risk management expertise and data-driven underwriting to deliver innovative insurance solutions and support the financial well-being of policyholders worldwide.
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