Last $8.40 USD
Change Today +0.01 / 0.12%
Volume 2.8M
GNW On Other Exchanges
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

genworth financial inc-cl a (GNW) Snapshot

Open
$8.44
Previous Close
$8.39
Day High
$8.54
Day Low
$8.32
52 Week High
05/13/14 - $18.74
52 Week Low
11/7/14 - $7.17
Market Cap
4.2B
Average Volume 10 Days
9.6M
EPS TTM
$0.45
Shares Outstanding
496.7M
EX-Date
11/6/08
P/E TM
18.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for GENWORTH FINANCIAL INC-CL A (GNW)

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genworth financial inc-cl a (GNW) Details

Genworth Financial, Inc., a financial services company, provides insurance, investment, and financial solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments. The U.S. Life Insurance segment offers and manages various life insurance, long-term care insurance, and fixed annuity products. The International Mortgage Insurance segment provides mortgage insurance products and related services in Canada and Australia, as well as participates in select European and other countries. Its products insure prime-based, individually underwritten residential mortgage loans, also known as flow mortgage insurance. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans. The International Protection segment provides payment protection coverages in various European countries. Its lifestyle protection insurance products primarily help consumers meet specified payment obligations should they become unable to pay due to accident, illness, involuntary unemployment, disability, or death. The Runoff segment covers non-strategic products, which primarily include variable annuity, variable life insurance, institutional, corporate-owned life insurance, and accident and health insurance products. This segment’s institutional products consist of funding agreements, funding agreements backing notes, and guaranteed investment contracts. It distributes its products and services through financial intermediaries, advisors, independent distributors, affinity groups, and dedicated sales specialists. Genworth Financial, Inc. was founded in 2003 and is headquartered in Richmond, Virginia.

5,000 Employees
Last Reported Date: 03/3/14
Founded in 2003

genworth financial inc-cl a (GNW) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $973.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $808.4K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $586.6K
Executive Vice President, General Counsel and...
Total Annual Compensation: $622.2K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $514.5K
Compensation as of Fiscal Year 2013.

genworth financial inc-cl a (GNW) Key Developments

Genworth U.S. Mortgage Insurance Partnership with Axacore

Genworth U.S. Mortgage Insurance became the first private mortgage insurer to partner with Axacore in a deal creating synergies among both firms' mutual customer base. Lenders who use the Axacore platform directly or through one of Axacore's OEM partners now have access to seamless one-click ordering of Genworth non-delegated mortgage insurance from within the Axacore system. The agreement caps a year of technological advancements for Genworth that improve the customer experience, an expanded focus for the company.

Genworth Introduces New Fixed Index Annuity with Lifetime Income Rider

Genworth has introduced a new fixed index annuity with a lifetime income rider for consumers as young as 45 who want to start building retirement income that is protected from market losses and has the potential to grow before and after withdrawals begin. SecureLiving(R) Growth+ with IncomeChoice also offers the potential for contract owners to double their income for up to five consecutive years when they are confined to a medical care facility. And it is the only fixed index annuity on the market that provides access to caregiver support advocates who can help answer care-related questions, access care and help identify potential care facilities. This service is available to the contract owner and immediate family on day one of the contract. Based on consumer demand for more flexibility and customization in their retirement funding solutions, Genworth's SecureLiving Growth+ with IncomeChoice also offers: Greater growth potential through 50% credit enhancements before income begins and while the rider is in effect; Four index crediting strategies based on the S&P 500(R) Index, including a new patent-pending two-year trigger crediting strategy; Bailout renewal protection that enables the contract owner to make full or partial withdrawals from their contract without surrender charge or market value adjustment and a prorated rider charge if, during the surrender charge period, the renewal cap for the annual cap strategy is below the bailout rate; IncomeChoice rider that provides a guaranteed lifetime withdrawal benefit, which offers a choice, at retirement, of increasing or level income options for a 1.10% annual charge; The ability to start income distributions anytime after the first contract year without being restricted by the contract anniversary window and competitive caps and rates.

Genworth Opens E15m Shannon Facility

Genworth opened its new E15m Shannon facility, housing some 400 staff. The new facility supports the needs of over three million of its customers around the globe with its Shannon staff representing 17 countries and 16 languages. The company's decision to invest in a new facility and remain in the area is due in no small part to the continued support of Shannon Airport Authority and underscores the long-term commitment to Shannon and Ireland.

 

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Industry Analysis

GNW

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Valuation GNW Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 0.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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