About Genworth
Genworth is a company based in Lynchburg (United States) founded in 2008 was acquired by China Oceanwide Holdings Group in June 2018. It operates as a Subscription Services, and Commission-Based. The company has 2,960 employees as of December 31, 2024. Genworth has completed 1 acquisition, including CareScout. Genworth offers products and services including Long Term Care Insurance, Life Insurance, Annuity Insurance, Mortgage Insurance, and CareScout. Genworth operates in a competitive market with competitors including Fidelity Investments, Morgan Stanley, Investec, FNZ and JPMorgan Chase, among others.
- Headquarter Lynchburg, United States
- Employees 2960 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Genworth Financial Inc
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Annual Revenue
$7.16 B3.5as on Dec 31, 2024
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Net Profit
$299 M293.42as on Dec 31, 2024
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EBITDA
$157.7 K (USD)218.49as on Mar 31, 2022
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Latest Funding Round
$450 M (USD), Debt – Conventional
Mar 07, 2018
- Investors
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Employee Count
2960
as on Dec 31, 2024
- Investments & Acquisitions
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Acquired by
China Oceanwide Holdings Group
(Jun 09, 2018)
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IPO & Listings of Genworth
Genworth is a publicly listed company on the NYSE with ticker symbol GNW in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Genworth
Genworth offers a comprehensive portfolio of products and services, including Long Term Care Insurance, Life Insurance, Annuity Insurance, Mortgage Insurance, and CareScout. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coverage for long-term care needs is provided comprehensively.
Financial protection through life insurance is offered widely.
Retirement income solutions through annuities are made available.
Protection for mortgage lenders is provided through insurance.
Quality home care agencies are connected for policyholders.
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Leadership Team
53 people
Software Development Team
53 people
Finance and Accounting
30 people
Human Resources and Administration
27 people
Operations Team
23 people
Legal and Compliance
20 people
Senior Team
20 people
Product Management Team
8 people
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Funding Insights of Genworth
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $450.0M
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First Round
First Round
(07 Mar 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2018 | Amount | Debt – Conventional - Genworth | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Genworth
Genworth has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include China Oceanwide Holdings Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Genworth
Genworth has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include CareScout. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of digital platforms offering health benefits to their employees
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1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Genworth
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Genworth Comparisons
Competitors of Genworth
Genworth operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fidelity Investments, Morgan Stanley, Investec, FNZ and JPMorgan Chase, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms
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| domain | founded_year | HQ Location |
Wealth management, investment advisory, and financial services are provided.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered for asset managers.
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| domain | founded_year | HQ Location |
Financial services are provided to consumers and corporations worldwide.
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| domain | founded_year | HQ Location |
Northwestern Mutual is engaged in financial planning and insurance services.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Genworth
Frequently Asked Questions about Genworth
When was Genworth founded?
Genworth was founded in 2008 and raised its 1st funding round 10 years after it was founded.
Where is Genworth located?
Genworth is headquartered in Lynchburg, United States. It is registered at Lynchburg, Virginia, United States.
How many employees does Genworth have?
As of Dec 31, 2024, the latest employee count at Genworth is 2,960.
What is the annual revenue of Genworth?
Annual revenue of Genworth is $7.16B as on Dec 31, 2024.
What does Genworth do?
Genworth is engaged in offering financial solutions focused on long-term care, life insurance, annuities, and mortgage insurance. Services are extended to support families in navigating aging challenges with confidence. The company operates within the insurance sector, providing comprehensive coverage and care services through initiatives like CareScout. Research on care costs and personalized tools for estimating future needs are also made available to clients across the United States.
Who are the top competitors of Genworth?
Genworth's top competitors include Fidelity Investments, Investec and Guggenheim Partners.
What products or services does Genworth offer?
Genworth offers Long Term Care Insurance, Life Insurance, Annuity Insurance, Mortgage Insurance, and CareScout.
Is Genworth publicly traded?
Yes, Genworth is publicly traded on NYSE under the ticker symbol GNW.
How many acquisitions has Genworth made?
Genworth has made 1 acquisition, including CareScout.
Who are Genworth's investors?
Genworth has 1 investor. Key investors include China Oceanwide Holdings Group.
What is Genworth's ticker symbol?
The ticker symbol of Genworth is GNW on NYSE.