# Genworth

> Genworth Financial is a U.S. insurance holding company combining legacy long-term care, life insurance and annuity obligations with CareScout care-navigation services and new long-term care coverage. It also majority-owns mortgage insurer Enact. Its strategic bet is that helping families understand, find and fund care can create fee revenue while helping manage insurance claims costs.

- **Founded:** 2003
- **Headquarters:** Glen Allen, United States
- **Products:** Legacy long-term care insurance, CareScout Quality Network, CareScout Care Plans, Care Assurance, Seniorly, powered by CareScout
- **Notable:** Completed its IPO on May 28, 2004 after incorporation in 2003., CareScout Quality Network reached nationwide coverage in 2024., Launched Care Plans and Care Assurance and completed Seniorly acquisition in 2025.

## Products & services

- **Legacy long-term care insurance** — Services existing policies, processes claims and manages premiums and benefit options. Genworth Life Insurance Company ceased new LTC sales in October 2025 as new individual sales moved to CareScout Insurance.
- **CareScout Quality Network** — Credentialed care-provider network with preferred pricing; approximately 790 home care providers and over 1,000 locations at year-end 2025.
- **CareScout Care Plans** — Licensed-nurse evaluation and personalized aging-care plan; public prices checked October 2026 were $249 by video and $299 in person. Provides caregiving guidance rather than medical advice or an insurance eligibility decision.
- **Care Assurance** — Individual long-term care insurance issued by CareScout Insurance Company; launched October 2025 and live in 40 states as of February 20, 2026.
- **Seniorly, powered by CareScout** — Senior-living search and advisor network acquired in October 2025 to expand care planning and placement.
- **Enact mortgage insurance** — Majority-owned, separately listed subsidiary serving mortgage lenders by insuring eligible residential mortgage credit risk.
- **Life insurance and annuity servicing** — Services existing life insurance and annuity contracts; traditional life and fixed annuity new sales were suspended in 2016.
- **Family Caregiver Benefit** — Announced September 2026: a voluntary coverage election for eligible LTC policyholders in approved states, exchanging modifications to certain features for qualified family-caregiver coverage; rollout subject to regulatory approvals.

## Achievements

- Completed its IPO on May 28, 2004 after incorporation in 2003.
- CareScout Quality Network reached nationwide coverage in 2024.
- Launched Care Plans and Care Assurance and completed Seniorly acquisition in 2025.
- CareScout delivered 1,459 first-service home care and senior-living matches in Q2 2026.
- Reported $7.301 billion consolidated revenue in 2025.

## Latest updates

- **2026-10** — Scheduled Q3 2026 earnings conference call for November 5; announced October 8.
- **2026-09** — Announced Family Caregiver Benefit with state-by-state regulatory rollout and voluntary policy modifications.
- **2026-09** — Expanded its existing share repurchase program by $500 million; authorization does not mean all shares have been purchased.
- **2026-08** — Q2 results reported $47 million net income available to common stockholders and 1,459 CareScout matches.
- **2026-07** — Thomas McInerney took temporary health leave and CFO Jerome Upton was named interim President and CEO.
- **2026-03** — CareScout published 2025 Cost of Care Survey: $35 median hourly non-medical home care, $74,400 annual assisted living and $129,575 annual private nursing-home room.

## Links

- Website: https://www.genworth.com/
- LinkedIn: https://www.linkedin.com/company/genworth-financial_2/
- Twitter/X: https://www.twitter.com/Genworth
- YouTube: https://www.youtube.com/Genworth
- Facebook: https://www.facebook.com/Genworth

---

Profile page: https://yespress.io/genworth
Published by YesPress — https://yespress.io
Last updated: 2026-10-22