Genworth Financial Inc
genworth.comWhat Do They Do?
Services long-term care, life insurance and annuity policies for existing policyholders. Sells private mortgage insurance to mortgage lenders and offers aging-care services and individual long-term care insurance to consumers.
10-K for FY2025, filed Feb 27, 2026In October 2025, Genworth Financial began selling an individual long-term care insurance product through its CareScout Insurance…View ↗
Through Enact Holdings and its mortgage insurance subsidiaries, we have been providing private mortgage insurance products and services in…View ↗
Genworth Financial offers mortgage insurance products through its principal mortgage insurance subsidiaries. Genworth Financial also has…View ↗
How Do They Make Money?
Genworth earns premiums on insurance policies and investment income on its investments. Mortgage-insurance premiums are generally paid by borrowers, though lenders may pay; they can be monthly, annual or a single payment at mortgage origination, while traditional long-term insurance premiums are earned when due.
10-K for FY2025, filed Feb 27, 2026Premiums. Premiums consist primarily of premiums earned on insurance products for mortgage, long-term care and term life insurance. Net…View ↗
Enact files premium rates, as required, with the insurance departments of U.S. states and the District of Columbia. Premium rates cannot be…View ↗
For traditional long-duration insurance contracts, we report premiums as earned when due. For monthly mortgage insurance contracts, we…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by reportable segment ↗
$7.3B
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10-K for FY2025, filed Feb 27, 2026
$7.3B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Enact segment
Recurring
10-K for FY2025, filed Feb 27, 2026 |
17% |
Enact segment, FY2025
$1.3B Sources
|
Recurring |
|
Closed Block
Recurring
10-K for FY2025, filed Feb 27, 2026 |
82% |
Closed Block, FY2025
$6B Sources
|
Recurring |
Who Are Their Customers?
Enact distributes mortgage insurance through its sales force to financial institutions and mortgage originators, which choose insurers for the loans they originate. Legacy policyholders receive ongoing servicing, while CareScout offers aging-care services to consumers through its provider network.
10-K for FY2025, filed Feb 27, 2026Enact distributes its mortgage insurance products through a dedicated sales force located throughout the United States, including inside…View ↗
Enact’s industry presence has enabled it to build active customer relationships with mortgage lenders across the United States. Enact’s…View ↗
In October 2025, Genworth Financial began selling an individual long-term care insurance product through its CareScout Insurance…View ↗
CareScout Services made significant progress during 2025, expanding its network of care providers (“CareScout Quality Network”) to…View ↗
In addition to expanding the network, we are scaling other fee-based service offerings that we anticipate will generate a growing stream of…View ↗
10-K for FY2025, filed Feb 27, 2026
For the year ended December 31, 2025, Enact’s largest customer accounted for 22% of its new insurance written and 12% of its total…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 3 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 27, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 20, 2026
Thomas McInerney will resume the CEO role
He will return from leave and resume day-to-day duties on September 2, 2026; Jerome Upton will stop serving as interim CEO.
Sources
8-K, filed Aug 20, 2026
On August 20, 2026, Genworth Financial, Inc. (the “Company”) announced that Thomas J. McInerney will return from a leave of absence and…View ↗
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Jul 7, 2026
Thomas McInerney took a temporary leave as CEO
Jerome Upton was appointed interim CEO, effective July 7, 2026.
Sources
8-K, filed Jul 7, 2026
On July 7, 2026, Genworth Financial, Inc. (the “Company”) announced that Thomas J. McInerney, President & Chief Executive Officer, will be…View ↗
Flat. Revenue was $7.3B in FY2025, about the same as the $7.8B of FY2021.
CareScout adds services and insurance
CareScout was described as preparing a fee-based services pilot and considering future care-funding options; the latest report describes an operating care network, care plans and a new individual long-term-care insurance product.
10-K for FY2022, filed Feb 28, 2023 10-K for FY2025, filed Feb 27, 2026In terms of our longer-term priorities, we are focused on advancing Genworth’s senior care growth initiatives, including through fee-based…View ↗
CareScout Services made significant progress during 2025, expanding its network of care providers (“CareScout Quality Network”) to…View ↗
In addition to expanding the network, we are scaling other fee-based service offerings that we anticipate will generate a growing stream of…View ↗
We continue to advance our strategy to roll out innovative solutions to meet the growing demand for aging-care funding through CareScout…View ↗
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