Genworth Financial, Inc., (NYSE:GNW) is an insurance company based in Richmond, Virginia, providing insurance products to consumers in the United States, Canada, and Australia. The company focuses operations on two segments: Mortgage Insurance and Life Insurance.
In the U.S., the company is one of the last major players in the Long-Term Care (NYSE:LTC) field. LTC insurance has a storied history of capital destruction, but we'll get to more on that later. The division that includes LTC is referred to as Life Insurance in the company's reports, and it also includes some traditional life insurance products such as term life insurance, annuities, etc., as well as some hybrids that combine two or even all three of the
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