GenWorth

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

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

• Long-term care insurance
• Life insurance solutions
• Annuity products
• Wealth protection
• Financial services

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices7 records

Markets served

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

1. 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).
2. 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.
3. 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.
4. 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.
5. 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.
6. 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

Go-to-market motion4 records

Distribution channels6 records

Marketing channels8 records

Core 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

Named customers3 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature7 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• KPMG LLPcoreImplementation/ SI/ Consulting Partner · 20 May 2026KPMG 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.coreStrategic or Co-development Partner · 31 October 2025CareScout, 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 CompanycoreOEM/ Whitelabel/ Licensing PartnerMedicare 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)coreTechnology or IntegrationGenworth 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 CorporationcoreOEM/ Whitelabel/ Licensing PartnerCapital 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])coreTechnology or IntegrationWorkday 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)majorOthersCounterparty 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 TechnologiesminorOthersIndustry-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.
• WellthyminorGTM or Marketing PartnerNamed 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 CarolinacoreOEM/ Whitelabel/ Licensing PartnerIntercompany 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

Direct 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

• Facebookfacebook.com/CareScoutLLC
• LinkedInlinkedin.com/company/369633
• Xx.com/Genworth

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries9 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GenWorth