GENWORTH LIFE INS CO
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including negative cash flow from operations for 2023 and fair risk adjusted capital in prior years. Good quality investment portfolio (5.7) despite large holdings of BBB rated bonds in addition to moderate junk bond exposure. Exposure to mortgages is significant, but the mortgage default rate has been low. Good Liquidity (6.6).
Other Rating Factors:
Weak profitability (2.0) with investment income below regulatory standards in relation to interest assumptions of reserves. Strong capitalization (7.7) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Genworth Financial
Investment Rating
Company Address
2711 CENTERVILLE ROAD STE 400
WILMINGTON, DE 19808
WILMINGTON, DE 19808
Phone Number
(804) 662-2400
NAIC Number
70025
Website
Largest Affiliates