Genworth Financial, Inc.

Genworth Financial, Inc.

Genworth Financial, Inc.

Overview
Date Founded

1871

Headquarters

6620 WEST BROAD STREET, BLDG. 1, RICHMOND, VA, 232301721

Type of Company

Public

Employees (Worldwide)

3,100

Industries

Other Insurance Services
Insurance: Life & Health
IT Consulting & Services
Accounting & Financial Services

Company Description

Genworth Financial, Inc. is a Fortune 500® company with roots tracing back to 1871. We have more than $100 billion in assets and a presence in more than 25 countries.

Contact Data
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Executives & Employees

President, Chief Executive Officer, Director

Executive Vice President, Chief Financial Officer, Chief Accounting Officer & Controller

Executive Vice President & Chief Investment Officer

Acting Chief Investment Officer

Chief Operating Officer

Senior Vice President & Chief Operating Officer-International Mortgage Insurance

Executive Vice President & General Counsel

Chief Executive Officer of Genworth Mortgage Insurance Australia Limited, Australia Mortgage Insurance Segment

Chief Accounting Officer, Vice President & Controller

President, Mortgage Insurance Europe

Board of Directors

Principal at Relativity Management LLC

Co-Founder at PB&K Family Foundation

Executive Vice President at The Standard Fire Insurance Co.

Former Senator from North Dakota

Former Chief Executive Officer at Fannie Mae

Partner at Mylan Pharmaceuticals, Inc.

Paths to Genworth Financial, Inc.
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Genworth Financial, Inc.
Owners & Shareholders
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Miller Value Partners (MVP) offers clients a value-driven, consistent, research intensive investment process. The firm strives to outperform their benchmarks over the long-term. They seek to provide their client accounts with long-term capital appreciation by actively selecting securities they believe are trading at a discount to intrinsic value.MVP manages two investment strategies, the Opportunity strategy and the Miller Income Opportunity strategy. The Opportunity strategy seeks to provide clients with long-term capital appreciation, while the Miller Income Opportunity strategy seeks to provide clients with a high level of income while preserving the potential for capital growth. Both may invest in securities, derivatives and other financial instruments that, in the portfolio managers' opinion, offer the opportunity to meet these goals. The portfolio managers exercise flexible strategies in the selection of investments, not limited by investment style or asset class.MVP may invest in securities, derivatives and other financial instruments that, in the portfolio managers' opinion, offer the opportunity for long-term growth of capital. Investments may include the common stock of US and foreign issuers and in other US and foreign securities, including: securities convertible into common stock and securities issued through private placements; preferred securities; warrants and rights; securities issued by investment companies, including open-end mutual funds, closed-end funds, UITs, business development companies, private investment companies (including hedge funds and private equity funds), and foreign investment companies; securities issued by ETFs; securities issued by REITs and other issuers that invest or deal in real estate transactions; debt securities; options, futures, forward contracts, swaps, caps, floors, collars, indexed securities and other derivatives; currencies, including currency related derivatives; commodity-linked derivatives; and other instruments. In addition, client accounts may engage in short sales of securities and other instruments. If not prohibited by applicable laws or guidelines, accounts employ leverage. Although the portfolio managers consider ratings in determining whether securities convertible into common stock or debt securities are appropriate investments for client accounts, such securities may include investments rated below investment grade.

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TIG Advisors manages the Tiedemann Select LP/Tiedemann Select Ltd., a fund-of funds. The majority of the fund's investments in other pooled vehicles by the funds, TIG allocates the majority of the assets among other pooled investment vehicles which they manage. The portfolio is then weighted according to where the portfolio managers see the best risk-adjusted return in the proprietary hedge funds of the firm's family of funds. The asset allocation is adjusted periodically in response to changes in global economic conditions. Prospective managers for the funds are subjected to screening process before they can be included into the portfolio. A manager's investment results are analyzed for risk/reward characteristics, appropriateness, transparency of security holdings and consistency with regard to their stated style and objectives. TIG employs the following investment strategies through their family of pooled investment vehicles and separately managed accounts: arbitrage transactions, buy-and-hold, equity, fundamental value, growth, hedging, leverage, option trading, relative value, short selling and short-term market timing.

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Deer Park Road Corporation is a multi-fund investment manager focused exclusively on investing in distressed real estate and asset backed fixed-income securities for both high net worth individuals and institutional investors.

Recent Transactions
Details Hidden

Brookfield Business Partners, Brookfield Asset Management, Inc. purchase Genworth MI Canada, Inc. from Genworth Financial, Inc.

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Genworth Financial, Inc. purchases Genworth Insurance Co.

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China Oceanwide Holdings Group Co., Ltd., Tohigh Holdings Co,, Ltd. purchase Genworth Financial, Inc.

Transaction Advisors
Underwriter

Advised onGenworth Financial, Inc. issued USD Common Stock

Auditor

Advised onGenworth Financial, Inc. issued USD Common Stock

Underwriter

Advised onGenworth Financial, Inc. issued USD Common Stock

Legal Advisor

Advised onChina Oceanwide Holdings Group Co., Ltd., Tohigh Holdings Co,, Ltd. purchase Genworth Financial, Inc.

Legal Advisor

Advised onGenworth Financial, Inc. purchases Altegris Investments LLC

Legal Advisor

Advised onBrookfield Business Partners, Brookfield Asset Management, Inc. purchase Genworth MI Canada, Inc. from Genworth Financial, Inc.

Advisors & Consultants
Legal Advisor

Partner at Sidley Austin LLP

Legal Advisor

Partner at Davis Wright Tremaine LLP

Legal Advisor

Partner at Gibson, Dunn & Crutcher LLP

Clients

Federal National Mortgage Association is a government-sponsored company. It engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. The firm operates through the following segments: Single-Family and Multifamily. The Single-Family segment offers liquidity to the mortgage market and increase the availability and affordability of housing for single families. The Multifamily segment includes guaranty fees on the mortgage and on the multifamily mortgage loans. Federal National Mortgage Association was founded in 1938 and is headquartered in Washington, DC.

Freddie Mac was chartered by Congress in 1970 with a public mission to stabilize the nation's residential mortgage markets and expand opportunities for homeownership and affordable rental housing. Our statutory mission is to provide liquidity, stability and affordability to the U.S. housing market. We participate in the secondary mortgage market by purchasing mortgage loans and mortgage-related securities for investment and by issuing guaranteed mortgage-related securities, principally those we call PCs. The secondary mortgage market consists of institutions engaged in buying and selling mortgages in the form of whole loans (i.e., mortgages that have not been securitized) and mortgage-related securities. We do not lend money directly to homeowners.

Key Stats and Financials As of 2019
Market Capitalization
$1.36B
Total Enterprise Value
$6.33B
Earnings Per Share
$0.91
Revenue
$8.16B
Total Equity
$14.6B
Enterprise Value Sales
0.78x
TEVNet Income
13.65x
Debt TEV
0.58x
Net Profit
$464M
Total Debt
$3.64B
Three Year Compounded Annual Growth Rate Of Revenue
-0.63%
Five Year Compounded Annual Growth Rate Of Revenue
-3.36%
Non-Profit Donations & Grants
Political Donations
Investments
Details Hidden

India Mortgage Guarantee Corp. Pvt Ltd. operates as a mortgage guarantee company. It provides credit risk coverage in the form of guarantees to mortgage lenders in the event of borrower default. The firm develops the mortgage market in India by creating access to mortgages for borrowers. The company was incorporated on September 13, 2006 and is headquartered in Gurgaon, India.

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Mortgagebot LLC provides Internet-based loan origination solutions for the mortgage lending industry. It provides solutions to the financial institutions to originate, price, and approve mortgage loans online. The company is headquartered in Mequon, Wisconsin.

Suppliers
Genpact Ltd. IT Consulting & Services

Genpact is a global professional services firm that makes business transformation real. They drive digital-led innovation and digitally-enabled intelligent operations for their clients, guided by their experience running thousands of processes primarily for Global Fortune 500 companies. They think with design, dream in digital, and solve problems with data and analytics. Combining their expertise in end-to-end operations and their AI-based platform, Genpact Cora, they focus on the details – all 90,000+ of them. From New York to New Delhi and more than 30 countries in between, they connect every dot, reimagine every process, and reinvent companies’ ways of working. They create resilient, more sustainable, business outcomes.

Guidewire Software, Inc. Market & Policy Research | Foster City, CA

Guidewire provides flexible core systems that enable you to deliver insurance the way you’ve always wanted to. Our core system suite spans the entire property/casualty (P/C) insurance lifecycle—underwriting, policy administration, billing, claims, and reinsurance management. Guidewire serves one industry and focuses on one challenge—enabling you to replace your legacy core systems. We build great software so you can focus on your business. We invest more in P/C core system engineering than any other company—more than 800 persons-years to date. The work is complicated, requiring deep understanding of both the insurance business and expert software engineering. We build extremely flexible solutions that advance functionally and technically with every new release so that all of our customers benefit. Guidewire's Professional Services consultants will work on-site in partnership with you in implementation. You can be confident of success because of Guidewire's exceptional track record of more than 80 live implementations since 2004. We also offer access system implementation partners, certified by Guidewire's PartnerConnect program.

Berkshire Hathaway, Inc. Power & Utilities | Greenwich, Connecticut

Berkshire Hathaway, Inc. provides property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC (BNSF), Berkshire Hathaway Energy, McLane Company, Manufacturing, and Service and Retailing. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share and facultative reinsurance worldwide. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies for primarily commercial accounts. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and real estate brokerage activities. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment provides fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and various retailing businesses, including automobile dealerships, and trailer and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

Competitors
Government of the United States of America Government - Washington, DC

The Government of the United States of America is the federal government of the republic of fifty states that constitute the United States, as well as one capital district, and several other territories. The federal government is composed of three distinct branches: legislative, executive and judicial, whose powers are vested by the U.S. Constitution in the Congress, the President, and the federal courts, including the Supreme Court, respectively.

Awards & Honors
Rank #306
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #306
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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