GenWorth
- Company typePublic
- Founded2004
- HeadquartersRichmond, United States
- Headcount1,001–5,000
- GTM typeB2C
- OfferingServices
GenWorth firmographics
Firmographics- Name
- GenWorth
- Legal name
- Genworth Financial, Inc.
- Website
- https://www.genworth.com
- Company type
- Public
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
GenWorth industry classification
Industry- Product category
- Insurance and Financial Services
- NAICS
- Direct Life, Health, and Medical Insurance Carriers (52411), Direct Life Insurance Carriers (524113), Portfolio Management and Investment Advice (523940)
- SIC
- Life Insurance (6311), Accident & Health Insurance (6321)
- akta.pro primary industry
- Hybrid Life + LTC (Linked-Benefit) Insurance (FSAIAJAB)
- akta.pro secondary industries
- Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH), Traditional Long-Term Care (LTC) Insurance (FSAIAJAA)
Keywords
Where GenWorth is headquartered
LocationHeadquarters
- HQ city
- Richmond
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
GenWorth business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Insurance claims and benefits, Operations and administration, Personnel, Technology and infrastructure, Marketing and sales, Regulatory and compliance
Revenue model
- Long-Term Care Insurance Premiums: Premiums collected on the legacy long-term care insurance book of business within the Closed Block segment. The legacy book recorded a $159M loss in Q4 2025 driven by higher claims and unfavorable assumption updates; the company secured $209M in gross incremental premium approvals in 2025. New long-term care sales were moved from the legacy Genworth Life Insurance Company to the new CareScout Care Assurance product (live in 39-40 states).
- Mortgage Insurance (via Enact Holdings subsidiary): Adjusted operating income of $140M from Enact in Q1 2026 with a PMIERs sufficiency ratio of 162%, and $146M of adjusted operating income in Q4 2025. Enact pays capital returns (e.g., $99M in Q1 2026, $127M in Q4 2025) up to Genworth. Q1 2026 Enact revenue $312.1M with net income $167.8M.
- Life Insurance and Annuities: Continuing legacy life insurance and annuity products (Genworth Life and Annuity Insurance Company, Genworth Life Insurance Company, Genworth Life Insurance Company of New York). Includes fixed, fixed-index, immediate, and variable annuities, plus Asset Builder Index UL and Foundation Builder Index UL life products. Revenues from premiums, fees, and investment income.
- Care Services (CareScout): CareScout Quality Network preferred-pricing arrangements with home-care providers, Care Plans licensed-nurse services, and CareScout Long-term care insurance distribution. Seniorly acquisition (~$15M) expands direct-to-consumer reach and revenue potential.
- Investment Income & Investment Portfolio Returns: Investment income on insurance reserve portfolios; Enact reported a notable increase in investment income year-over-year, contributing to Q1 2026 results.
- Contingent Recoveries / Litigation Proceeds: Pending UK Court of Appeal proceedings against Santander (~£680M related to PPI mis-selling liabilities tied to policies underwritten by companies acquired from Genworth). Any recoveries may be used for shareholder buybacks, debt reduction or investments. 12-18 months to final judgment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Insurance product premiums (LTC, life, annuity, mortgage insurance) |
| Other | Monthly | Medicare Supplement (administered by Aetna) |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels8 records
GenWorth product offering
Product offeringCore offering
Genworth Financial is an insurance holding company that provides long-term care insurance, life insurance, and annuity products to individuals and families, helping them protect their financial futures, families, and lifestyles. The company operates through multiple subsidiaries including Genworth Life and Annuity Insurance Company, Genworth Life Insurance Company, and Enact Mortgage Insurance Corporation, offering a diversified portfolio of insurance and financial protection solutions.
Product overview
Genworth Financial operates a platform-plus-modules architecture spanning insurance products and adjacent care services, organized under two primary sub-brands: CareScout and Enact, plus a legacy insurance book underwritten by its life and annuity insurance companies (Genworth Life and Annuity Insurance Company, Genworth Life Insurance Company, and Genworth Life Insurance Company of New York). The core platform is MyGenworth, the secure customer portal that ties together Long Term Care Insurance (legacy and the new Care Assurance product), Life Insurance (Index UL, Term, VUL), and Annuities (Fixed, Fixed Index, Immediate, Variable, and Structured Settlements). On top of this insurance base sits the CareScout aging care platform, which is a modular suite combining the CareScout Quality Network (vetted home care providers), CareScout Care Plans (licensed-nurse-led care roadmaps), CareScout Cost of Care Survey (annual research data product), CareScout long-term care insurance (Care Assurance, the new-generation LTC product), and the recently acquired Seniorly advisor network. Enact Mortgage Insurance operates as a distinct subsidiary brand providing private mortgage insurance. Additional offerings such as Total Living Coverage (hybrid life/LTC) and Medicare Supplement (administered by Aetna) extend the product portfolio, while Genworth PRO serves as the financial-professional partner portal, and the Genworth Careers site houses student and graduate development programs (including an IT Development Program covering application development, infrastructure, security, cloud engineering, data science, and data engineering).
Differentiator
Problem solved
Functional benefit
Brands
- CareScout: Long-term care insurance, aging care services, CareScout Quality Network for home care, Care Plans with licensed nurses, and the Seniorly senior living search platform (acquired October 2025). A Genworth subsidiary.
- Enact (Enact Mortgage Insurance)
- Seniorly (Seniorly powered by CareScout)
- Genworth Life and Annuity Insurance Company
- Genworth Life Insurance Company
- Genworth Life Insurance Company of New York
- CareScout Insurance Company
- Genworth Financial Assurance Corporation
Products and services
- Long-Term Care Insurance
- Life Insurance
- Annuities
- Mortgage Insurance
- CareScout Quality Network
- Care Plans
- MyGenworth Secure Online Account
Quantifiable outcome
- $47M Q1 2026 net income vs. $2M in Q1 2025 ($0.12 diluted EPS), driven by Enact's $140M adjusted operating income and $99M of capital returns to Genworth
- +5 more outcomes
Companies that use GenWorth
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles2 records
GenWorth technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature7 records
GenWorth partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, major and minor.
- KPMG LLPcoreKPMG LLP was ratified as Genworth Financial's independent registered public accounting firm for 2026 at the 2026 annual meeting of stockholders. This is a recurring audit relationship disclosed in both BusinessWire and StockTitan coverage of the May 20, 2026 meeting results.
- Seniorly, Inc.coreCareScout, a Genworth subsidiary, completed its acquisition of Seniorly, a technology platform and advisor network, for approximately $15 million. The deal enhances CareScout's direct-to-consumer capabilities and helps families find and pay for long-term care, integrating with the CareScout Quality Network and Care Plans.
- Aetna Life Insurance CompanycoreMedicare Supplement products sold by Genworth are administered by Aetna Life Insurance Company and its affiliates, supported by a dedicated 877.825.9337 line and Aetna fax 727.373.4549. Aetna handles the day-to-day servicing while Genworth provides the customer relationship.
- SAP Ariba (Ariba Network)coreGenworth uses the Ariba system as its pool of potential suppliers for global sourcing. Prospective suppliers self-register at discovery.ariba.com and the Ariba Customer Service line (866.218.2155) supports registration.
- Capital Brokerage CorporationcoreCapital Brokerage Corporation, a Member FINRA, underwrites Genworth's variable annuity and variable life products whose prospectuses are hosted on the Genworth site; the company also publishes a Business Continuation plan.
- Workday ([email protected])coreWorkday hosts Genworth's applicant tracking system; recruiting communications are sent from [email protected] and recruiters are restricted to @genworth.com email addresses to combat candidate fraud.
- Santander (UK)majorCounterparty in a UK Court of Appeal matter involving approximately £680 million tied to PPI mis-selling liabilities on policies underwritten by companies acquired from Genworth. The UK Court of Appeal allowed Santander's appeal; a final judgment is expected in 12-18 months and any recoveries may be used for shareholder buybacks, debt reduction or investments.
- First American Financial Corporation; Duck Creek TechnologiesminorIndustry-co-actors named in a 2026-2030 property and casualty insurance software market report alongside Genworth Financial Inc.; Genworth is identified as one of the major companies shaping the P&C insurance software market.
- WellthyminorNamed alongside CareScout (a Genworth subsidiary) in Forbes coverage as a company actively providing care navigation services to seniors and families, suggesting a category-level co-marketing or ecosystem presence.
- Genworth Life and Annuity Insurance Company; Genworth Life Insurance Company; Genworth Life Insurance Company of New York; CareScout Insurance Company; Enact Mortgage Insurance Corporation; Enact Mortgage Insurance Corporation of North CarolinacoreIntercompany affiliate network whose products are offered/underwritten on the Genworth website. Each entity is separately domiciled and licensed (NAIC numbers and addresses listed in the Genworth Terms of Use) and forms the legal structure through which Genworth Financial operates its insurance business.
Scale indicators14 records
Recent moves7 records
Expansion highlights6 records
GenWorth competitors and assessment
Company assessmentDirect peers
- Lincoln National Corporation: Lincoln National is a direct peer operating individual life insurance, annuities (fixed, indexed, variable), and group benefits with a comparable US-focused product mix and similar size band. Both companies are publicly traded insurers with overlapping product lines in IUL and annuities, and similar exposure to interest rate sensitivity.
- Brighthouse Financial: Brighthouse is a direct peer focused on annuities and life insurance spun out of MetLife. It is closely comparable to Genworth's life and annuity subsidiaries (Genworth Life and Annuity, Genworth Life), with similar capital return narratives and a comparable public-market valuation band.
- Unum Group: Unum is a direct peer in disability and long-term care insurance, offering group and individual disability, group life, and a long-standing individual LTC block. It is the most direct comp to Genworth's legacy LTC franchise and its newer CareScout Care Assurance re-entry.
- Corebridge Financial: Corebridge is a direct peer in individual retirement, life insurance, and group retirement products, with a US-focused product mix and a similar size band to Genworth. Both companies are heavily exposed to fixed, fixed-indexed, and variable annuity economics.
- Radian Group: Radian is a direct peer to Enact Holdings in U.S. private mortgage insurance, with a similar PMIERs-driven capital framework and a lender-channel distribution model. Its earnings and capital return profile track the same housing cycle that drives Enact.
- Essent Group: Essent is a direct peer to Enact Holdings in U.S. private mortgage insurance, with comparable PMIERs sufficiency management and a similar customer base of mortgage originators. Its earnings sensitivity to U.S. housing credit is essentially the same as Enact's.
- Globe Life: Globe Life is a direct peer in U.S. individual life insurance, particularly term and whole life sold through agent and direct-to-consumer channels. It is comparable to Genworth Life Insurance Company in product type and distribution, though smaller in scale.
Broad incumbents
- MetLife: MetLife is a broad incumbent across group benefits, individual life, annuities, and retirement with global reach. It overlaps with Genworth's individual life, annuity, and group LTC business but at significantly larger scale and with a wider product portfolio.
- Prudential Financial: Prudential is a broad incumbent in U.S. individual life, annuities, retirement, and group insurance. It is comparable to Genworth in individual life, fixed/fixed-indexed annuities, and LTC capability, with a much broader and more diversified product mix.
Emerging players
- A Place for Mom: A Place for Mom is an emerging player in the senior-living referral and placement space, directly comparable to CareScout's Seniorly-powered offering. Both monetize the senior-living placement funnel and compete for the same family decision-maker audience.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
GenWorth social profiles
Digital presenceGenWorth compliance and trust
Trust signalCompliance7 records
GenWorth financial estimates
Financial estimateRevenue estimate
Valuation estimate
GenWorth leadership team
Management profileNumber of profiles
Profiles1 record
GenWorth subsidiaries and ownership
Company hierarchySubsidiaries9 records
GenWorth funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GenWorth M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GenWorth
What does GenWorth do?
Genworth Financial is an insurance holding company that provides long-term care insurance, life insurance, and annuity products to individuals and families, helping them protect their financial futures, families, and lifestyles. The company operates through multiple subsidiaries including Genworth Life and Annuity Insurance Company, Genworth Life Insurance Company, and Enact Mortgage Insurance Corporation, offering a diversified portfolio of insurance and financial protection solutions.
Is GenWorth a public or private company?
GenWorth is a public company. It is classified as public and is currently operating.
When was GenWorth founded?
GenWorth was founded in 2004. It employs 1,001 to 5,000 people.
Where is GenWorth based?
GenWorth is headquartered in Richmond, United States, in the North America region.
How does GenWorth make money?
Six revenue lines are on record. Long-Term Care Insurance Premiums are the primary driver. The others are mortgage Insurance (via Enact Holdings subsidiary), life Insurance and Annuities, care Services (CareScout), investment Income & Investment Portfolio Returns and contingent Recoveries / Litigation Proceeds.
Who are GenWorth's main competitors?
Direct peers on record are Lincoln National Corporation, Brighthouse Financial, Unum Group, Corebridge Financial, Radian Group, Essent Group and Globe Life. Broad incumbents are MetLife and Prudential Financial. A Place for Mom is listed as an emerging player.
Does GenWorth have an API?
No public API is recorded for GenWorth.
What industry is GenWorth in?
GenWorth's product category is Insurance and Financial Services. Its primary akta.pro industry code is FSAIAJAB, Hybrid Life + LTC (Linked-Benefit) Insurance, with a secondary code of FSAEABAH, Annuity & Insurance-Based Retirement Solutions Advisory. Its NAICS code is 52411 and its SIC code is 6311.