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Genworth Financial

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, USMap
Websitegenworth.com
Employee Ratings3.7More
Overall CultureD+More

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2019)3,100(-11%)
Revenue (FY, 2019)$8.1 B(-3%)
Share Price (Jan 2021)$3.2 (+3%)
Cybersecurity ratingBMore

Key People/Management at Genworth Financial

Thomas J. McInerney

Thomas J. McInerney

President and Chief Executive Officer
Rohit Gupta

Rohit Gupta

President and Chief Executive Officer, U.S. Mortgage Insurance
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
Pauline Blight-Johnston

Pauline Blight-Johnston

Chief Executive Officer and Director, Genworth Mortgage Insurance Australia, Ltd.
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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
Richmond, VA, US
6604 W Broad St
Show all (4)

Genworth Financial Financials and Metrics

Genworth Financial Revenue

Genworth Financial's revenue was reported to be $8.10 b in FY, 2019
USD

Revenue (Q3, 2020)

2.4b

Gross profit (Q3, 2020)

1.1b

Gross profit margin (Q3, 2020), %

46.3%

Net income (Q3, 2020)

436.0m

EBIT (Q3, 2020)

417.0m

Market capitalization (14-Jan-2021)

1.6b

Closing stock price (14-Jan-2021)

3.2

Cash (30-Sept-2020)

740.0m

EV

4.4b
Genworth Financial's current market capitalization is $1.6 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

10.1b10.3b10.0b9.4b9.6b8.5b8.4b8.3b8.4b8.1b

Revenue growth, %

2%(11%)(2%)

Cost of goods sold

4.2b4.2b3.6b3.0b5.2b5.2b

Gross profit

5.9b6.1b6.4b6.4b3.1b2.9b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.4b2.4b2.7b2.6b2.7b2.5b2.4b2.5b2.5b2.3b2.4b2.3b2.3b2.4b2.4b2.3b2.2b2.1b1.8b2.2b2.2b2.2b2.2b2.2b2.1b2.2b2.1b2.2b2.2b1.8b2.1b2.4b

Cost of goods sold

1.3b1.3b1.5b1.4b1.7b1.5b1.2b1.4b1.4b1.2b1.3b1.2b1.2b1.3b2.0b1.2b1.2b1.3b860.0m1.2b1.7b1.2b1.2b1.3b1.3b1.2b1.3b1.3b1.3b1.4b1.5b1.3b

Gross profit

1.1b1.1b1.2b1.2b983.0m1.1b1.2b1.1b1.2b1.1b1.1b1.1b1.1b1.2b418.0m1.1b925.0m810.0m925.0m1.0b488.0m925.0m1.0b871.0m804.0m954.0m822.0m903.0m886.0m476.0m652.0m1.1b

Gross profit Margin, %

46%44%44%45%37%42%49%45%46%48%46%50%49%48%17%47%43%39%52%47%23%43%46%39%38%44%38%41%41%26%30%46%
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Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

3.1b4.5b3.7b4.2b4.9b6.0b2.8b2.9b3.3b

Accounts Receivable

525.0k

Inventories

71.6b70.1b

Goodwill

1.3b1.3b1.1b867.0m16.0m357.0m348.0m301.0m201.0m
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

3.5b4.6b3.6b3.7b2.8b3.6b4.2b3.9b3.7b3.8b3.6b3.6b4.4b4.1b3.5b5.2b4.1b3.7b4.0b3.5b3.1b3.0b2.9b2.8b2.8b2.2b2.5b2.2b1.9b2.5b494.0m740.0m

Goodwill

1.3b1.3b1.3b1.3b1.3b1.3b1.3b1.2b1.1b868.0m867.0m867.0m866.0m867.0m316.0m15.0m15.0m14.0m291.0m267.0m258.0m381.0m334.0m315.0m339.0m354.0m355.0m265.0m244.0m263.0m223.0m209.0m

Total Assets

109.1b110.4b114.7b112.9b112.3b113.9b111.0b112.5b114.4b112.1b107.6b108.1b109.8b111.6b110.5b112.3b109.2b108.2b107.2b108.2b108.9b104.7b105.0b104.6b103.8b102.5b102.1b102.2b104.3b98.8b103.6b104.9b

Short-term debt

930.0m730.0m730.0m
show all
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

142.0m122.0m323.0m714.0m(1.0b)(413.0m)(67.0m)927.0m297.0m530.0m

Depreciation and Amortization

109.0m435.0m505.0m

Cash From Operating Activities

1.3b3.1b962.0m1.4b2.4b1.6b1.9b2.6b1.6b2.1b

Purchases of PP&E

(37.0m)(4.0m)(18.0m)(5.0m)
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

212.0m220.0m303.0m82.0m(14.0m)15.0m47.0m123.0m157.0m103.0m244.0m469.0m219.0m447.0m(340.0m)204.0m(39.0m)(173.0m)108.0m328.0m(4.0m)216.0m487.0m662.0m165.0m414.0m624.0m230.0m448.0m(72.0m)(490.0m)(54.0m)

Depreciation and Amortization

211.0m305.0m94.0m233.0m316.0m104.0m216.0m299.0m91.0m186.0m116.0m209.0m310.0m

Cash From Operating Activities

130.0m557.0m976.0m336.0m842.0m2.0b(252.0m)220.0m427.0m60.0m646.0m1.1b61.0m578.0m1.1b624.0m511.0m1.2b256.0m1.1b1.8b655.0m1.3b1.9b109.0m561.0m973.0m134.0m795.0m680.0m1.3b1.5b

Purchases of PP&E

(4.0m)(4.0m)(4.0m)(18.0m)(18.0m)(18.0m)(5.0m)(5.0m)
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USDQ1, 2010

Debt/Equity

0.3 x

Financial Leverage

7.8 x
Show all financial metrics

Genworth Financial Revenue Breakdown

Embed Graph

Genworth Financial revenue breakdown by business segment: 5.3% from Australia Mortgage Insurance, 8.7% from U.S. Mortgage Insurance, 7.7% from Canada Mortgage Insurance, 74.7% from U.S. Life Insurance and 3.7% from Other

Genworth Financial Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

Learn more about our premium products
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Genworth Financial Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

Learn more about our premium products
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Genworth Financial Online and Social Media Presence

Genworth Financial's Trends

Embed Graph

Genworth Financial Company Culture

  • Overall Culture

    D+

    59/100

  • CEO Rating

    D-

    57/100

  • Compensation

    C

    64/100

  • Diversity

    D-

    50/100

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Genworth Financial Blogs

January 04, 2021

Genworth Financial Schedules Special Topics Call For January 5th

December 16, 2020

Genworth Mortgage Insurance's Chief Economist Report, Third Quarter: Largest First-Time Homebuyer Purchase Market in 20 Years

Historically low interest rates, change in home preferences, flexible work schedules, and increased housing affordability triggered substantial rebound in first-time homebuyer market; Private mortgage insurance (PMI) financed more first-time homebuyers than any other low-down payment mortgage produc…
December 14, 2020

Genworth Mortgage Insurance Associates Receive Industry Awards for Innovation & Excellence

Unikqua Shannon (L), Pricing Analyst, and Nile Roberts (R), IT Director, recognized for industry excellence
November 30, 2020

Genworth and Oceanwide Announce NDRC Re-Approval of Transaction

November 04, 2020

Genworth Financial Announces Third Quarter 2020 Results

Third Quarter Net Income Of $418 Million And Adjusted Operating Income Of $132 Million
October 22, 2020

Genworth Mortgage Insurance Completes Mortgage Insurance-Linked Note Transaction

Obtains $349.6 million of fully collateralized excess of loss reinsurance coverage from Triangle Re
Show more

 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, Rohit Gupta and Kevin D. Schneider.

  • How many employees does Genworth Financial have?

    Genworth Financial has 3,100 employees.

  • What is Genworth Financial revenue?

    Latest Genworth Financial annual revenue is $8.1 b.

  • What is Genworth Financial revenue per employee?

    Latest Genworth Financial revenue per employee is $2.6 m.

  • Who are Genworth Financial competitors?

    Competitors of Genworth Financial include New York Life Insurance, John Hancock and MetLife.

  • 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 4 offices.