GENWORTH LIFE & ANNUITY INS CO
Major Rating Factors:
Fair profitability (4.5 on a scale of 0 to 10) with investment income below regulatory standards in relation to interest assumptions of reserves. Fair Liquidity (4.8) as cash from operations and sale of marketable assets may not be adequate to cover a spike in claims or a run on policy withdrawals. Good capitalization (6.8) based on good risk adjusted capital (severe loss scenario).
Other Rating Factors:
Good quality investment portfolio (5.7). Weak overall results on stability tests (2.7) including fair financial strength of affiliated Genworth Financial, weak results on operational trends and negative cash flow from operations for 2024.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Ind annuities (9.5%), group life (1.2%), group annuities (0.3%), other (89.1%)
Licensed in:
All states except NY, PR
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
6610 WEST BROAD STREET
GLEN ALLEN, VA 23060
GLEN ALLEN, VA 23060
Phone Number
(804) 281-6000
NAIC Number
65536
Website
Largest Affiliates