Company Profile For Genworth Financial, Inc.

 
 
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Overview

Genworth Financial, Inc. (Genworth) is a financial security company dedicated to providing insurance, investment and financial solutions to approximately 15 million customers, with a presence in approximately 25 countries. As of December 31, 2008, the Company had three segments: Retirement and Protection, International and U.S. Mortgage Insurance. Retirement and Protection segment offers a variety of protection, wealth accumulation, retirement income and institutional products. Through the International segment the Company is a provider of mortgage insurance products in Canada, Australia, New Zealand, Mexico, Japan and multiple European countries. In the United States, it offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans, also known as flow mortgage insurance. On August 29, 2008, it acquired Quantuvis Consulting, Inc. In October 2009, the Company completed the sale of Genworth Seguros Mexico S.A. de C.V.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Genworth Financial, Inc.'s revenues decreased 10% to $6.61B. Net loss increased 99% to $500M. Revenues reflect lower premiums earned, a decrease in net investment income and lower insurance & investment product fees & other income. Net loss reflects an increase in benefits & other changes in policy reserves and a decrease in gross & operating margins.

Company Address

Genworth Financial, Inc.
6620 West Broad Street
Richmond   VA   23230
P: +1804.2816000

Total Employees

6000

Find Out More About GNW.N

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