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 force, employees’ groups, and independent producers. The company has presence in the US and Australia. As on December 31, 2022, the company reported total assets of US$86,442 million and total equity of US$9,984 million.
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Business Segments
Overview
Offers private mortgage insurance to mortgage originators and financial institutions in 50 US states and District of Columbia. Offering includes flow mortgage insurance and mortgage insurance. Distributes its products through a network of field and telephone sales force. It also offers live phone support for all customer segments through Action Center.
Performance
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Overview
Offers a range of life insurance products in the US. Offerings include fixed annuity, and individual and group long-term care insurance. Distributes its products through employers group and independent producers.
Performance
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Overview
Includes debt financing expenses incurred at the Genworth Holdings level, unallocated corporate income and expenses, eliminations of inter-segment transactions and other businesses managed outside the operating segments.
Performance
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Overview
Comprises non-strategic products results, which have not been sold since 2011 but it continue to service its existing blocks of business. Non-strategic products include variable life insurance, variable annuities, corporate-owned life insurance, accident and other accident and health insurance, funding agreements, guaranteed investment contracts, funding agreements backing notes.
Performance
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Geographical Segments
Performance
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Performance
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