GenWorth
Provides credit and lifestyle protection insurance.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 Valuation: €0.0 | round | |
| N/A | €0.0 | round | |
$1.8b Valuation: $1.8b | Acquisition | ||
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 3 % | 7 % | (10 %) | (4 %) | (2 %) | (3 %) | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 12 % | 15 % | 18 % | 16 % | 6 % | 11 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 4 % | 2 % | 12 % | 8 % | 1 % | 4 % | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Related Content
Genworth Financial's story begins with its roots in the insurance industry, tracing back to 1871 when it was part of The Life Insurance Company of Virginia. Over the decades, the company evolved, eventually becoming a part of GE Capital in the 1990s. This period marked a significant transformation as it expanded its offerings beyond traditional life insurance to include long-term care insurance and wealth management services.
In 2004, Genworth Financial was spun off from GE in a highly anticipated Initial Public Offering (IPO), marking a new chapter as an independent entity. This move was pivotal, allowing Genworth to focus on its core competencies and expand its market presence. The IPO was one of the largest in the insurance sector at the time, underscoring the company's robust market potential.
Throughout its journey, Genworth has faced numerous challenges, particularly in the long-term care insurance market, which has been fraught with rising costs and regulatory hurdles. Despite these challenges, Genworth has remained a key player in the industry, continually adapting its strategies to meet the evolving needs of its customers.
Today, Genworth Financial stands as a testament to resilience and adaptability in the financial services industry, with a focus on helping families achieve financial security and peace of mind through its diverse range of insurance products and services.
