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Genworth history
Genworth company history timeline
On May 25, 2004, Genworth became a publicly traded company in the largest initial public offering (IPO) of 2004.
GE sold its remaining stake in the company in 2006 for an estimated $2.8 billion.
As of December 31, 2011, Genworth Financial, Inc. had more than 15 million customers in more than 25 countries.
On April 1, 2013, Genworth announced the completion of a legal entity reorganization, with the result being the creation of a new ultimate holding company.
On October 24, 2016, China Oceanwide Holdings Group agreed to buy Genworth Financial Inc. for $2.7 billion.
In May 2020, National Australia Bank has terminated its deal to acquire insurance for homebuyers from Genworth Mortgage Insurance Australia.
On 30 June 2020, Genworth Financial , Inc. has confirmed that it is going ahead with proposals to resolve its short-term commitments and debt responsibilities, while China Oceanwide Holdings Group Co., Ltd. (Oceanwide) is finalizing the investment strategy for Genworth 's takeover.
In July 2020, Genworth Financial , Inc. has confirmed the retirement of Kelly L. Groh as executive vice president and chief financial officer.
However, on April 6, 2021, Genworth terminated the acquisition due to China Oceanwide's inability to finalize the acquisition.
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Genworth competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Citi | 1812 | $74.3B | 210,000 | 1,361 |
| Eaton Vance | 1924 | $1.7B | 1,871 | - |
| The Vanguard Group | 1975 | $6.9B | 17,600 | 289 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,215 |
| Primerica | 1977 | $602.0M | 2,104 | 71 |
| Legg Mason | 1899 | $2.9B | 3,059 | - |
| Charles Schwab | 1971 | $1.6B | 32,000 | 842 |
| Raymond James Financial | 1962 | $1.7B | 18,910 | 963 |
| Centene | 1984 | $163.1B | 65,000 | 469 |
| UnitedHealth Group | 1977 | $400.3B | 300,000 | 9,079 |
Genworth history FAQs
Zippia gives an in-depth look into the details of Genworth, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Genworth. The employee data is based on information from people who have self-reported their past or current employments at Genworth. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Genworth. The data presented on this page does not represent the view of Genworth and its employees or that of Zippia.
Genworth may also be known as or be related to Genworth, Genworth Financial, Genworth Financial Inc and Genworth Financial, Inc.