|Exchange:||New York Stock Exchange|
|Stock:||Genworth Financial Inc|
|Industry:||Insurance - Diversified|
|Genworth Financial, Inc. was incorporated in Delaware in 2003 in preparation for an initial public offering of its common stock, which was completed on May 28, 2004. It is a financial services company providing insurance, wealth management, investment and financial solutions to more than 15 million customers, with a presence in more than 25 countries. The Company operates through three divisions: U.S. Life Insurance, Global Mortgage Insurance and Corporate and Other. The U.S. Life Insurance Division includes the U.S. Life Insurance segment. The Global Mortgage Insurance Division includes the International Mortgage Insurance and U.S. Mortgage Insurance segments. The Corporate and Other Division includes the International Protection, Wealth Management and Runoff segments and Corporate and Other activities. U.S. Life Insurance segment offers and manage a variety of insurance and fixed annuity products. Its primary insurance products include life insurance, long-term care insurance and fixed annuities. International Mortgage Insurance provides mortgage insurance products and related services in Canada and Australia and also participates in select European and other countries. U.S. Mortgage Insurance offers mortgage insurance products insuring prime-based, individually underwritten residential mortgage loans, also known as flow mortgage insurance. International Protection provides payment protection coverage in multiple European countries. Wealth Management 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 primarily include its variable annuity, variable life insurance, institutional, corporate-owned life insurance and Medicare supplement insurance products. Competition in the Company’s life insurance business comes from many sources, including traditional insurance companies as well as non-traditional providers, such as banks and structured finance or private equity markets. The Company’s insurance operations are subject to a wide variety of laws and regulations.|
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