OverviewSuggest Edit

Genworth Financial is an insurance holding company. It operates in four segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The company offers mortgage insurance products predominantly insuring individually underwritten residential mortgage loans at specified coverage percentages. It also provides lender mortgage insurance and long-term care insurance products, variable annuity, variable life insurance, and corporate-owned life insurance, as well as funding agreements.

TypePublic
Founded2004
HQRichmond, VA, US
Websitegenworth.com
Employee Ratings3.8
Overall CultureD

Latest Updates

Employees (est.) (Dec 2020)3,000(-3%)
Job Openings543
Revenue (FY, 2020)$8.7 B(+7%)
Share Price (Sept 2021)$3.7(+3%)
Cybersecurity ratingBMore

Key People/Management at Genworth Financial

Thomas J. McInerney

Thomas J. McInerney

President and Chief Executive Officer
Kevin D. Schneider

Kevin D. Schneider

Executive Vice President and Chief Operating Officer
Daniel J. Sheehan

Daniel J. Sheehan

Executive Vice President, Chief Financial Officer and Chief Investment Officer
Ward E. Bobitz

Ward E. Bobitz

Executive Vice President and General Counsel
Pamela H. Harrison

Pamela H. Harrison

Executive Vice President, Human Resources
Show more

Genworth Financial Office Locations

Genworth Financial has offices in Richmond, New York and Raleigh
Richmond, VA, US (HQ)
6620 W Broad St
New York, NY, US
600 3rd Ave
Raleigh, NC, US
8325 Six Forks Rd
Show all (3)

Genworth Financial Financials and Metrics

Genworth Financial Revenue

Embed Graph
View revenue for all periods
Genworth Financial's revenue was reported to be $8.66 b in FY, 2020 which is a 6.9% increase from the previous period.
USD

Revenue (Q1, 2021)

2.0b

Gross profit (Q1, 2021)

767.0m

Gross profit margin (Q1, 2021), %

38.6%

Net income (Q1, 2021)

195.0m

Market capitalization (15-Sept-2021)

1.9b

Closing stock price (15-Sept-2021)

3.7

Cash (31-Mar-2021)

2.0b

EV

2.8b
Genworth Financial's current market capitalization is $1.9 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

8.4b8.1b8.7b

Revenue growth, %

(4%)7%

Cost of goods sold

5.7b5.2b5.4b

Gross profit

2.7b2.9b3.3b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.2b2.2b2.0b1.8b2.1b2.4b2.0b

Cost of goods sold

1.3b1.3b1.3b1.4b1.5b1.3b1.2b

Gross profit

903.0m886.0m736.0m476.0m652.0m1.1b767.0m

Gross profit Margin, %

41%41%36%26%30%46%39%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

2.2b3.3b2.7b

Goodwill

347.0m201.0m200.0m

Total Assets

100.9b101.3b105.7b

Accounts Payable

71.3b73.6b76.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

2.2b1.9b1.6b2.5b2.6b2.8b2.0b

Goodwill

265.0m244.0m210.0m263.0m223.0m209.0m155.0m

Total Assets

102.2b104.3b105.7b98.8b103.6b104.9b98.6b

Accounts Payable

71.6b72.9b73.9b72.8b75.7b76.1b72.0b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

297.0m530.0m212.0m

Depreciation and Amortization

391.0m441.0m492.0m

Cash From Operating Activities

1.6b2.1b2.0b

Cash From Investing Activities

(622.0m)1.3b(1.2b)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

230.0m448.0m506.0m(72.0m)(490.0m)(54.0m)195.0m

Depreciation and Amortization

91.0m186.0m277.0m116.0m209.0m310.0m77.0m

Cash From Operating Activities

134.0m795.0m1.6b680.0m1.3b1.5b(247.0m)

Cash From Investing Activities

277.0m(351.0m)(548.0m)(551.0m)(887.0m)(1.3b)335.0m
USDFY, 2018

EV/CFO

2.8 x

Revenue/Employee

2.4m

Debt/Equity

0.3 x

Financial Leverage

7.1 x

P/E Ratio

19.4
Show all financial metrics

Genworth Financial Acquisitions / Subsidiaries

Company NameDateDeal Size
Assigned Settlement, Inc.
Balmoral Insurance Company Limited (1)
Capital Brokerage Corporation
Genworth Annuity Service Corporation
Genworth Australian General Partnership
Genworth Financial Agency, Inc.
Genworth Financial Asia Limited
Genworth Financial Assurance Corporation
Genworth Financial India Private Limited
Genworth Financial International Holdings, LLC
Show more

Genworth Financial Revenue Breakdown

Embed Graph

Genworth Financial revenue breakdown by business segment: 79.1% from U.S. Life Insurance, 12.8% from U.S. Mortgage Insurance and 8.1% from Other

Genworth Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

B

84/100

SecurityScorecard logo

Genworth Financial Online and Social Media Presence

Embed Graph

Genworth Financial Company Culture

  • Overall Culture

    D

    60/100

  • CEO Rating

    C

    67/100

  • Compensation

    C

    64/100

  • Diversity

    D-

    50/100

Learn more on Comparably

Genworth Financial Frequently Asked Questions

  • When was Genworth Financial founded?

    Genworth Financial was founded in 2004.

  • Who are Genworth Financial key executives?

    Genworth Financial's key executives are Thomas J. McInerney, Kevin D. Schneider and Daniel J. Sheehan.

  • How many employees does Genworth Financial have?

    Genworth Financial has 3,000 employees.

  • What is Genworth Financial revenue?

    Latest Genworth Financial annual revenue is $8.7 b.

  • What is Genworth Financial revenue per employee?

    Latest Genworth Financial revenue per employee is $2.9 m.

  • Who are Genworth Financial competitors?

    Competitors of Genworth Financial include Ryan Specialty Group, New York Life Insurance and John Hancock.

  • Where is Genworth Financial headquarters?

    Genworth Financial headquarters is located at 6620 W Broad St, Richmond.

  • Where are Genworth Financial offices?

    Genworth Financial has offices in Richmond, New York and Raleigh.

  • How many offices does Genworth Financial have?

    Genworth Financial has 3 offices.