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)

3,500

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

Chief Executive Officer & President

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Investment Officer

Acting Chief Investment Officer

Executive Vice President & Chief Operating Officer

Senior Vice President & Chief Operating Officer-International Mortgage Insurance

Executive Vice President & General Counsel

President & Chief Executive Officer, Canada Mortgage Insurance Segment

Chief Executive Officer of Genworth Mortgage Insurance Australia Limited

Executive Vice President & Chief Risk Officer

Board of Directors

Principal at Relativity Management LLC

Chief Executive Officer & President at Genworth Financial, Inc.

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

Former Senior Accountant at John Hancock Financial Services, Inc.

Former Head, Americas at Goldman Sachs Mezzanine Partners

Former Chief Executive Officer at Zurich Holding Company of America, 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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CNH is a discretionary asset management firm specializing in arbitrage investments. The firm's core investment strategies include convertible arbitrage and merger arbitrage; however, they manage other arbitrage strategies including when-issued arbitrage, stub-trading arbitrage, dual-class arbitrage, and price-pressure arbitrage. CNH also manages a limited number of alternative investment strategies including, SPACs, closed-end funds, distressed securities and PIPEs. To implement their arbitrage strategies and other alternative investment strategies, the firm employs fundamental securities analysis.

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PCM seeks to provide clients with consistently superior risk-adjusted rates of return through implementing event-driven strategies. Their investment strategies generally focus on an event or a catalyst that will move an equity price, an equity spread, a credit spread, or an implied volatility spread. Their investment strategies may include: merger arbitrage, catalyst-driven credit investing, special situation investing and distressed investing. Catalyst events may include mergers, acquisitions, spin-offs, carve-outs, tender offers, split-off exchange offers, share class spreads, re-organizations and corporate distress. PCM seeks to trade in all forms of the capital structure of companies involved in catalysts and events and to create the best risk/reward trade possible within the corporate capital structure. They attempt to limit risk through diversification and hedging. The firm may choose to take control positions in an attempt to create their own catalyst or event. In managing the fund's portfolio, PCM relies on fundamental analysis supplemented by quantitative analytics and portfolio management techniques. They take both long and short positions for their clients in a broad range of public and private debt securities, equity securities, options, derivatives and credit derivatives (including credit default swaps), trade claims, bank debt participations and other instruments. PCM invests within and outside of the US, as well as in issuers in various stages of financial distress.

Recent Transactions
Details Hidden

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

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

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Pacific Mutual Holding Company, Pacific Life Insurance Company purchase Genworth Financial, Inc. /New Term Life Business from Genworth Financial, Inc.

Transaction Advisors
Underwriter

Advised onGenworth Financial, Inc. issued Class A Common Stock

Auditor

Advised onGenworth Financial, Inc. issued Class A Common Stock

Underwriter

Advised onGenworth Financial, Inc. issued Class A 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 Jones Day

Legal Advisor

Partner at Sidley Austin LLP

Legal Advisor

Partner at Davis Wright Tremaine LLP

Clients

Federal National Mortgage Association is a government-sponsored company, which engages in the provision of liquidity for purchases of homes and financing of multifamily rental housing and refinancing existing mortgages. It operates through the Single-Family and Multifamily segments. 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. The company 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 2018
Market Capitalization
$2.04B
Total Enterprise Value
$8.49B
Earnings Per Share
$0.24
Revenue
$8.63B
Total Equity
$14.2B
Net Profit
$119M
Three Year Compounded Annual Growth Rate Of Revenue
-0.07%
Five Year Compounded Annual Growth Rate Of Revenue
-1.7%
Enterprise Value Sales
0.98x
TEVNet Income
71.36x
Debt TEV
0.52x
Total Debt
$4.4B
Non-Profit Donations & Grants
$4.5M
2011
$2.23M
2010
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 | Hamilton, HA

A global leader in business process and technology management, Genpact is the company of choice for clients, partners and employees across the world. With many pioneering firsts to its credit Genpact has always led the way in powering the intelligent enterprises to outperform. Genpact, a global leader in business process management services, uses process to help its clients power intelligence across their enterprise to run smarter operations, make smarter decisions and use smarter technology. Genpact’s Smart Enterprise Processes (SEPSM) framework, its unique science of process combined with deep domain expertise in multiple industry verticals, leads to superior business outcomes. Genpact’s Smart Decision Services deliver valuable business insights to its clients through targeted analytics, reengineering expertise, and advanced risk management. Making technology more intelligent by embedding it with process and data insights, Genpact also offers a wide range of technology services. We began in 1997 as a business unit within GE and this lineage has contributed to our deep understanding of process. Starting first with the business of GE Capital and then expanding scope across GE businesses, to providing business process management capabilities that delivered outstanding business impact for the company. Over a sustained 14-year period, Genpact has been the key provider of business process and technology management services to GE and they continue to be a significant Genpact client. In January 2005, Genpact became an independent company to bring our process expertise and unique DNA in Lean Six Sigma to clients outside the GE family. In August 2007, Genpact was listed on the NYSE under the symbol ‘G’. Driven by a passion for process innovation and operational excellence built on its Lean and Six Sigma DNA and the legacy of serving GE for more than 15 years, the company’s 60,500+ professionals around the globe deliver services to its more than 600 clients from a network of 74 delivery centers across 20 countries supporting more than 30 languages. Genpact has been an early mover in the industry and a pioneer in many of the areas that have given strength to the concept of Business Process Management. From the first to introduce Six Sigma for Process Transitions to the first to build a Science of Process Management (SEPSM), Genpact has always led the way, and in the process helped our clients outperform

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. is engaged in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. 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 domestic real estate brokerage and brokerage franchisor. 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 involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; 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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