B
GENWORTH LIFE INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good quality investment portfolio (5.6 on a scale of 0 to 10) despite large holdings of BBB rated bonds in addition to junk bond exposure equal to 63% of capital. Exposure to mortgages is significant, but the mortgage default rate has been low. Good overall profitability (5.7) although investment income, in comparison to reserve requirements, is below regulatory standards. Good Liquidity (6.9).
Other Rating Factors: Good overall results on stability tests (5.4) despite fair risk adjusted capital in prior years excellent operational trends and excellent risk diversification. Strong capitalization (7.2) based on excellent risk adjusted capital (severe loss scenario).
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. C - Past results on our Risk-Adjusted Capital tests. I - Past results on our Investment Safety Index.
Principal Lines of Business: Ind health (87.4%), group health (11.8%), group life (0.3%), other (0.5%)
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
GNW
Company Address
2711 CENTERVILLE ROAD STE 400
WILMINGTON, DE 19808
Phone Number
(804) 662-2400
NAIC Number
70025
Largest Affiliates
Weiss Ratings