Genworth Financial IncGNW
What Genworth Financial Inc does.
Genworth Financial offers mortgage insurance products through its principal mortgage insurance subsidiaries. Genworth Financial also has start-up businesses whereby it offers fee-based services, advice, consulting and other aging-care services through CareScout Services and long-term care insurance products through CareScout Insurance.
In October 2025, Genworth Financial began selling an individual long-term care insurance product through its CareScout Insurance subsidiary, CareScout Insurance Company, and ceased sales of long-term care insurance products through Genworth Life Insurance Company (“GLIC”). GLIC and its subsidiaries, which are wholly-owned subsidiaries of Genworth Financial and are referred to together as “Closed Block” or our “legacy insurance subsidiaries,” no longer offer or sell long-term care insurance, life insurance or annuity products. However, our legacy insurance subsidiaries will continue to service and manage their in-force blocks of business and may still issue a limited number of certificates under existing group long-term care insurance policies.
In connection with the cessation of sales through GLIC, beginning in the fourth quarter of 2025, we changed our reportable segments to better align with how we currently manage our business. Under the new reporting structure, we operate our business through the following two reportable segments: Enact, comprised primarily of private mortgage insurance products, and Closed Block, comprised of long-term care insurance, life insurance and annuity products that were previously sold through our legacy insurance companies. In addition to our two reportable segments, we disclose other business activities and operating results in Corporate and Other, including our start-up businesses, CareScout Services and CareScout Insurance. We believe the change helps to enhance understanding of business performance and better aligns with our strategic priorities, including to maintain self-sustaining legacy insurance subsidiaries, which are managed on a standalone basis, as further described below. All prior period financial information has been recast to reflect the reorganized segment reporting structure.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $8.3B | $7.8B | $7.5B | $7.5B | $7.3B | $7.3B |
| Net income | $178.0M | $850.0M | $916.0M | $76.0M | $299.0M | $223.0M |
More on GNW.
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Figures from Genworth Financial Inc's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.