Genworth Financial, Inc.

US insurer focused on mortgage insurance and long-term care coverage

What Genworth Financial does

Genworth sells mortgage insurance in the US, which protects lenders if a homebuyer stops paying their mortgage. It also provides long-term care insurance, which helps pay for care at home, in assisted living, or in a nursing home. It also runs an older book of life insurance and annuity products.

How Genworth Financial makes money

Genworth collects premiums on mortgage insurance through its Enact segment and on long-term care, life and annuity policies in its Closed Block segment. It also earns returns by investing those premiums and charges fees for contract underwriting services.

Products & services

• Enact primary mortgage insurance
• Contract underwriting services
• Long-term care insurance
• Term and universal life insurance
• Fixed and variable annuities
• Funding agreements