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Genworth Financial Inc. (GNW) is in the Financial Services Industry

Revenue
Dec 31 2007
$11.1B
Profit
Dec 31 2007
$1.2B
Market Cap
Jul 23 2008
$7.6B

Latest News and Analysis

Additional Resources

  • Genworth Taking Steps to Help Flood Victims in Midwest

    Their Workplace Volunteer Programs Will Receive Awards at the 2008 National Conference on Volunteering and Service RICHMOND, Va., June 30 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. announced today it will be initiating a number of actions to help flood victims in the Midwest. The recent flooding has...

    Articles 2008-06-30

  • Genworth Financial Subsidiary Insurance Companies Launch IRA Variable Annuity

    RetireReadySM IRA Annuity Product Offers Familiarity and Flexibility for Pre-retirees, Other Consumers RICHMOND, Va., June 30 /PRNewswire-FirstCall/ -- Genworth Life and Annuity Insurance Company and Genworth Life Insurance Company of New York, subsidiaries of Genworth Financial, Inc. , have launched a new RetireReadySM IRA Annuity product. The...

    Articles 2008-06-30

  • Genworth Financial Announces Key Management and Organizational Changes

    RICHMOND, Va., June 19 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today announced several key leadership and organizational shifts in order to enhance growth, improve competitiveness and simplify operations. Genworth's U.S. Mortgage Insurance segment, led by Kevin Schneider, will now report directly to Chairman and Chief Executive Officer...

    Articles 2008-06-19

  • Genworth Financial Chairman and CEO Michael D. Fraizer to Speak at the UBS Global Insurance Conference

    RICHMOND, Va., June 19 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. Chairman and CEO, Michael D. Fraizer, will present at the UBS Global Insurance Conference in London on Thursday, June 26, 2008 beginning approximately at 10:45 a.m. GMT (5:45 a.m. ET). The presentation and a link to the...

    Articles 2008-06-19

  • Innovative Universal Life Insurance Product Combines Affordability with Cash Values

    Genworth's Lifetime FlexPlusSM II Offers Competitive Pricing and More Resilient Secondary Guarantee RICHMOND, Va., June 18 /PRNewswire-FirstCall/ -- The Genworth Financial companies have introduced a new, more flexible version of their flagship universal life UL insurance product-Lifetime FlexPlusSM-designed to successfully combine the benefits of excellent non-guaranteed cash...

    Articles 2008-06-18

  • Genworth Financial Launches Partnership Long Term Care Insurance Products in Ohio

    Number one carrier in individual long term care insurance sales* offers enhanced benefit to Ohioans through public-private approach RICHMOND, Va., June 17 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today announced its long term care division has launched the newest addition to its portfolio of long term care...

    Articles 2008-06-17

  • Genworth Financial Launches Partnership Long Term Care Insurance Products in Kansas

    Number one carrier in individual long term care insurance sales* offers enhanced benefit to Kansas residents through public-private approach RICHMOND, Va., June 17 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today announced that its long term care division has launched the newest addition to its portfolio of long...

    Articles 2008-06-17

  • Genworth Financial Launches Partnership Long Term Care Insurance Products in Nebraska

    Number one carrier in individual long term care insurance sales* offers enhanced benefit to Nebraska residents through public-private approach RICHMOND, Va., June 17 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today announced its long term care division has launched the newest addition to its portfolio of long term...

    Articles 2008-06-17

  • A.M. Best Affirms Ratings of Genworth Financial, Inc

    Assigns Ratings to American Continental Insurance Company OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating FSR of A+ Superior and issuer credit ratings ICR of "aa-" of the key life/health insurance subsidiaries of Genworth Financial, Inc. Genworth (Richmond, VA) (NYSE:GNW). Additionally, A.M. Best has...

    Articles 2008-06-16

  • Genworth Financial Receives National Excellence in Workplace Volunteer Programs Award from Points of Light Institute

    Their Workplace Volunteer Programs Will Receive Awards at the 2008 National Conference on Volunteering and Service RICHMOND, Va., June 10 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. was recognized by the Points of Light Institute, the world's largest volunteer organization, with one of five national awards at its...

    Articles 2008-06-10

  • Institutional Life Services and Institutional Life Administration Hire CEO

    Andrew D. Terrell to Lead New Life Settlements Companies NEW YORK, June 9 /PRNewswire/ -- Institutional Life Services, LLC, ILS and Institutional Life Administration, LLC, ILA, companies newly created by Goldman Sachs, National Financial Partners and Genworth Financial today announced Andrew D. Terrell as their first chief...

    Articles 2008-06-09

  • Increasing long-term care costs generate financial-planning concern

    As national long-term care costs continue to rise, global insurance and financial services firm Genworth Financial, Inc. advises adults to make budgeting for potential long-term care expenses a priority. The cost of long-term care in the area comprising Buffalo, Syracuse, and Rochester has increased 6 percent in total since...

    Articles 2008-05-30

  • Genworth Financial to Acquire CareScout®

    Expands Financial Security Company's Service Offerings to Senior Market RICHMOND, Va., May 29 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. announced today that it has entered into an agreement to acquire CareScout, a leading provider of long term care support services in the United States, for $12.5 million....

    Articles 2008-05-29

  • Genworth Financial Prices $600 Million Debt Offering

    RICHMOND, Va., May 19 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. , today announced that it has priced a public offering of 10-year senior notes in an aggregate principal amount of $600 million and with an interest rate of 6.515 percent per year. Genworth intends to use the net proceeds from...

    Articles 2008-05-19

  • Fitch Rates Genworth's Senior Notes 'A'; Outlook Stable

    CHICAGO -- Fitch Ratings has assigned an 'A' rating to Genworth Financial, Inc.'s (NYSE:GNW) $600 million issue of 6.515% senior notes due 2018, and has affirmed the holding company ratings on GNW, including the 'A+' Issuer Default Rating IDR. The Rating Outlook is Stable. The rating actions affect approximately $4.4...

    Articles 2008-05-19

  • Genworth Study Shows QDIAs with Guaranteed Income Increase Lifetime Financial Security

    RICHMOND, Va., May 16 /PRNewswire-FirstCall/ -- As America's employers continue to move from defined benefit DB to defined contribution DC plans, the responsibility for saving for retirement and securing retirement income has shifted from employers to employees. Plan participants are now faced with a myriad of 401k investment...

    Articles 2008-05-16

  • Genworth Financial Announces Results of Annual Meeting

    RICHMOND, Va., May 13 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. announced the re-election of all 10 directors at its 2008 annual meeting of stockholders today, including Michael D. Fraizer, chairman and chief executive officer. Board members re-elected, in addition to Fraizer, included Frank J. Borelli, former Chief...

    Articles 2008-05-13

  • Incorporated: 2003
  • CEO: Mr. Michael D. Fraizer

Genworth Financial is a financial security company serving the homeownership, life security, wealth management and retirement security needs. As of Dec 31 2007, Co. had three operating segments. The Retirement and Protection segment offers a variety of protection, wealth accumulation, retirement income and institutional products. The International segment provides mortgage insurance products in Canada, Australia, New Zealand, Mexico, Japan and multiple European countries. The U.S. Mortgage Insurance offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans, also known as flow mortgage insurance in the U.S.

Key Competitors

Genworth Financial Inc. Company Info

Board of Directors

Mr. Michael D. Fraizer

Chairman

Mr. Thomas B. Wheeler

Mr. Frank J. Borelli

Ms. Nancy J. Karch

Mr. J. Robert Kerrey

Dr. Risa Lavizzo Mourey M.D.

Mr. Saiyid T. Naqvi

Mr. James A. Parke

Mr. James S. Riepe

Mr. Barrett A. Toan

Contact Information

6620 West Broad Street

Richmond, VA

804 281-6000

NAICS Code

Direct Life Insurance Carriers: 524113