AM Best Grade: A- (Excellent) 4.5 stars
Address: 6620 West Broad Street, Richmond, VA 23230
Also known as: Genworth Life and Annuity Company, Genworth Life Insurance Company, Genworth Life Insurance Co. of New York
Genworth Financial is a publicly traded Fortune 500 company that’s headquartered in Richmond, VA. It was founded in 1871 as the Life Insurance Company of Virginia. In 1996 the Life Insurance Co of Virginia was sold to GE Capital. Genworth Financial was formed in 2004 by merging various insurance businesses of GE Capital which formed the largest Initial Public Offering (IPO) of that year. As of 2011, Genworth Financial had over 15 million customers in 25 different countries. The first product that Genworth Financial offered was life insurance and as of December 2013, they have over $728 Billion dollars in force.
Genworth offers Term Life, Whole Life, Guarantee Universal Life, and Index Universal Life policies in all 50 states. The have paid out over $3.2 Billion dollars to life insurance, long term care insurance, annuity policyholders, and beneficiaries. For three consecutive years (2012-2014) Genworth has received the DABLAR Life Insurance award, and due to their extreme level professionalism and attention to detail when answering policyholders questions they have emerged as a leader of customer service in the Life Insurance Industry.
By Jason Dana, June, 2015