6620 West Broad St.
Richmond, VA 23230
CEO: Michael Fraizer
Stock Symbol: GNW
Genworth Financial is one of the largest
U.S. insurance and financial services holding companies. Genworth
was spun off in 2004 from conglomerate General Electric as an
Genworth has five primary lines of business:
Provides a safe and affordable
option for homebuyers who want to buy or refinance a home with
less than a 20% down payment
on a mortgage loan while protecting lenders against borrower
default. Mortgage insurance is also cancelable, tax deductible
and offers pre/post-purchase support.
Protects against financial losses resulting from the death
of the insured person.
Long Term Care Insurance
Pays for a range of long term care expenses, such as those
associated with in-home care, assisted living facilities and
Payment Protection Insurance
Maintains customers' monthly repayments on financial commitments,
such as mortgages, personal loans, and credit cards if they are
unable to make payments due to accident, sickness, hospitalization
A contract between an insurance company and an individual
for an annual source of regular income. Individuals pay into
their annuity contract and then receive payments over a specified
Genworth operates through three business
segments: Retirement and Protection, International, and U.S.
Richmond, VA is home to the company's world headquarters as well
as the headquarters for Retirement and Protection. International
headquarters are in Raleigh, NC and London, England. The U.S.
Mortgage Insurance headquarters are also in Raleigh.
Genworth reported revenues of $11.1 billion
in 2007. Net income was $1.22 billion.
Genworth's founding companies date to 1871,
when The Life Insurance Company of Virginia wrote its first policy.
During the past 135 years, we have built an extensive family
of financially solid, well-respected insurance companies and
- In 1871, we wrote our first policy as
Life of Virginia
- In 1955, we sold our first fixed life policy through independent
- In 1980, we wrote our first mortgage insurance policy
- For 24 years, we've provided universal life products
- For 30 years, we've provided long term care insurance
- For 33 years, we've provided payment protection insurance in
Genworth went public in 2004 as a spin
off of General Electric's financial and mortgage services.
- Medical Benefits
- Dental Benefits
- Vision Benefits
- Life Insurance
- Pension Plan
- 401(k) Plan - 100% match on first 3%; 50% match on next 2%
contributed; Immediate vesting
- Tuition Reimbursement
- 11 Holidays
- Choice Time Off: Includes vacation, sick and personal days;
20 days per year for 0-4 years of service; 25 days per year for
5-9 years of service; 30 days per year for 10-19 years of service;
35 days for 20 years or more; 40 days for 30 years of service
Updated August 5, 2008