Genworth Financial Investor Relations Material

Genworth Financial, Inc. is an American financial services company. Its main offerings are life and long-term care and mortgage insurance. In addition to its core insurance products, Genworth also provides annuities and other offerings, providing a suite of services aimed at addressing various aspects of financial planning and risk management. The company is headquartered in Richmond, Virginia, and its shares are listed on the NYSE.

The modern history of Genworth starts with its time as part of General Electric (GE). In 1996, GE Capital, the financial services unit of General Electric, acquired First Colony Life Insurance, which in turn marked the beginning of GE's expansion into the insurance sector.

Over the following years, GE Capital continued to expand its insurance and financial services operations. It acquired several companies, including life insurance, mortgage insurance, and long-term care insurance providers. This period was marked by significant growth and diversification of services. In 2003 GE spun off its insurance business as Genworth Financial, which in turn had its IPO in 2004. Today, it competes with the likes of MetLife and Prudential Financial.

At its core, Genworth Financial specializes in offering various insurance products and services. One of its primary focuses is on life insurance, providing a range of options tailored to meet the diverse needs of individuals and families. This includes term life insurance, which offers protection for a specified period, and whole life insurance, which combines a death benefit with a savings component. These products are designed to offer financial security and peace of mind, ensuring that beneficiaries are supported in the event of the policyholder's death.

Long-term care insurance is another key offering from Genworth Financial. It is designed to cover expenses that are typically not included in traditional health insurance plans, such as assistance with daily living activities and long-term care services. This insurance provides a layer of financial protection, helping individuals and their families manage the potentially significant costs associated with long-term care.