A comprehensive report from FIIG's in house research team
Genworth provides long term care (LTC) and mortgage insurance (MI) products and services throughout the United States, Canada and Australia. The market leader in LTC, in early 2016 the group announced it would cease the sale of Life and Annuity products (excluding LTC) following persistently weak sales and longer payouts as life expectancy increased. This effectively placed that business into run-off and positioned the US MI business as the main driver of value for Genworth where mortgage insurance continues to generate strong revenue growth. Note: you will be required to log in to access this wholesale content.