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Genworth Financial Inc   (GNW)
Other Ticker:  
 
    Sector  Financial    Industry Life Insurance
   Industry Life Insurance
   Sector  Financial
 

Genworth Financial Inc's Customers Performance

GNW

 
GNW's Source of Revenues In the Q4, Genworth Financial Inc 's corporate clients experienced a decline by -13.37 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 4.8 %. During the corresponding time, Genworth Financial Inc recorded revenue increase by 0.84 % year on year, sequentially revenue grew by 4.37 %. While revenue at the Genworth Financial Inc 's corporate clients recorded rose by 11.58 % year on year, sequentially revenue grew by 57.99 %.

List of GNW Customers




Customers of Genworth Financial Inc saw their costs of revenue decline by -13.37 % in Q4 compare to a year ago, sequentially costs of revenue grew by 4.8 %, for the same period Genworth Financial Inc recorded revenue increase by 0.84 % year on year, sequentially revenue grew by 4.37 %.

List of GNW Customers


   
Customers Net Income fell in Q4 by Customers Net margin fell to %
-80.88 % 1.28 %



Genworth Financial Inc's Customers, Q4 2023 Revenue Growth By Industry
Customers in Construction Services Industry      0.48 %
Customers in Accident & Health Insurance Industry      11.35 %
Customers in Life Insurance Industry      2162.29 %
Customers in Insurance Brokerage Industry      22.03 %
Customers in Property & Casualty Insurance Industry -6.48 %   
Customers in Investment Services Industry    
Customers in Miscellaneous Financial Services Industry      33.33 %
Customers in Commercial Banks Industry -7.46 %   
Customers in Personal Services Industry      7.62 %
     
• Customers Valuation • Customers Mgmt. Effect.


Genworth Financial Inc's Comment on Sales, Marketing and Customers



As an insurance provider, we position, promote and differentiate our products and services through product value and innovation, risk management expertise, specialized support and technology for our distributors and marketing programs tailored to particular consumer groups.
We offer a targeted set of products that are designed to meet key needs of consumers throughout the various stages of their lives, with a focus on consumers with household incomes of between $50,000 and $250,000. We are selective in the products we offer and seek to maintain appropriate return and risk thresholds on our product offerings. We also have developed technological approaches that enhance performance by automating key processes and reducing response times, expenses and process variations. We believe these approaches also make it easier for our customers and distributors to do business with us.

We have focused our marketing approach on promoting our products, services and brand to key constituencies, including sales intermediaries, consumers, employees and investors. We seek to build recognition of our offerings and brand, and maintain deep relationships with leading distributors by providing specialized and differentiated distribution support, including product training, sales services and technology solutions that support the distributors’ sales efforts. We also leverage technology to extend our brand and marketing communications, using interactive tools, search engine marketing expertise and efficient web services to enhance our customers’ experience.

Our publications on financial security issues help build our brand and inform our key constituencies, such as distributors, consumers, policymakers and regulators, on relevant topics, including the cost of long-term care, the life insurance coverage gap, consumer financial security as well as mortgage and mortgage insurance trends. In addition, we sponsor various advisory councils with independent sales intermediaries and dedicated sales specialists to gather their feedback on industry trends, new product ideas, approaches to improve service and ways to enhance our relationships.

We distribute our lifestyle protection insurance products primarily through financial institutions, including major European banks, that offer our insurance products in connection with underlying loans or other financial products they sell to their customers. Under these arrangements, the distributors typically take responsibility for branding and marketing the products, while we take responsibility for pricing, underwriting and claims payment.
We have strengthened our focus in Europe on key strategic client relationships and will be de-emphasizing our distribution with distributors with marginal profitability and size. This focus will enable us to better serve our strategic clients and promote process productivity and a lower cost structure over time. Additionally, we continue to pursue expanding our current geographical distribution in Latin America and building new distribution in China and have secured large insurance partners in both of these regions. We are currently working with these partners to establish product, distribution and servicing capabilities in order to bring our products and services to the market.

We distribute our mortgage insurance products through our dedicated sales force throughout the United States. This sales force primarily markets to financial institutions and mortgage originators, which impose a requirement for mortgage insurance as part of the borrower’s financing. In addition to our field sales force, we also distribute our products through a telephone sales force serving our smaller lenders, as well as through our “Action Center” which provides live phone and web chat-based support for all customer segments.

We maintain dedicated sales forces that market our mortgage insurance products internationally to lenders. As in the U.S. market, our sales forces market to financial institutions and mortgage originators, who in turn offer mortgage insurance products to borrowers.

We distribute our fixed annuity products through BGAs, independent broker/dealers and select banks and national brokerage and financial firms.

We have a broad and diverse distribution network for our long-term care insurance products. We distribute our products through diversified sales channels consisting of appointed independent producers, financial intermediaries, dedicated sales specialists and affinity groups. We have made significant investments in our servicing and support for both independent and dedicated sales specialists and we believe our product features, distribution support and services are leading the industry.

We offer life insurance products through an extensive network of independent brokerage general agencies (“BGAs”) throughout the United States and through financial intermediaries and insurance marketing organizations. We believe there are opportunities to expand our sales in each of these and other distribution channels through additional product offerings, services and marketing strategies.






Genworth Financial Inc's Comment on Sales, Marketing and Customers


As an insurance provider, we position, promote and differentiate our products and services through product value and innovation, risk management expertise, specialized support and technology for our distributors and marketing programs tailored to particular consumer groups.
We offer a targeted set of products that are designed to meet key needs of consumers throughout the various stages of their lives, with a focus on consumers with household incomes of between $50,000 and $250,000. We are selective in the products we offer and seek to maintain appropriate return and risk thresholds on our product offerings. We also have developed technological approaches that enhance performance by automating key processes and reducing response times, expenses and process variations. We believe these approaches also make it easier for our customers and distributors to do business with us.

We have focused our marketing approach on promoting our products, services and brand to key constituencies, including sales intermediaries, consumers, employees and investors. We seek to build recognition of our offerings and brand, and maintain deep relationships with leading distributors by providing specialized and differentiated distribution support, including product training, sales services and technology solutions that support the distributors’ sales efforts. We also leverage technology to extend our brand and marketing communications, using interactive tools, search engine marketing expertise and efficient web services to enhance our customers’ experience.

Our publications on financial security issues help build our brand and inform our key constituencies, such as distributors, consumers, policymakers and regulators, on relevant topics, including the cost of long-term care, the life insurance coverage gap, consumer financial security as well as mortgage and mortgage insurance trends. In addition, we sponsor various advisory councils with independent sales intermediaries and dedicated sales specialists to gather their feedback on industry trends, new product ideas, approaches to improve service and ways to enhance our relationships.

We distribute our lifestyle protection insurance products primarily through financial institutions, including major European banks, that offer our insurance products in connection with underlying loans or other financial products they sell to their customers. Under these arrangements, the distributors typically take responsibility for branding and marketing the products, while we take responsibility for pricing, underwriting and claims payment.
We have strengthened our focus in Europe on key strategic client relationships and will be de-emphasizing our distribution with distributors with marginal profitability and size. This focus will enable us to better serve our strategic clients and promote process productivity and a lower cost structure over time. Additionally, we continue to pursue expanding our current geographical distribution in Latin America and building new distribution in China and have secured large insurance partners in both of these regions. We are currently working with these partners to establish product, distribution and servicing capabilities in order to bring our products and services to the market.

We distribute our mortgage insurance products through our dedicated sales force throughout the United States. This sales force primarily markets to financial institutions and mortgage originators, which impose a requirement for mortgage insurance as part of the borrower’s financing. In addition to our field sales force, we also distribute our products through a telephone sales force serving our smaller lenders, as well as through our “Action Center” which provides live phone and web chat-based support for all customer segments.

We maintain dedicated sales forces that market our mortgage insurance products internationally to lenders. As in the U.S. market, our sales forces market to financial institutions and mortgage originators, who in turn offer mortgage insurance products to borrowers.

We distribute our fixed annuity products through BGAs, independent broker/dealers and select banks and national brokerage and financial firms.

We have a broad and diverse distribution network for our long-term care insurance products. We distribute our products through diversified sales channels consisting of appointed independent producers, financial intermediaries, dedicated sales specialists and affinity groups. We have made significant investments in our servicing and support for both independent and dedicated sales specialists and we believe our product features, distribution support and services are leading the industry.

We offer life insurance products through an extensive network of independent brokerage general agencies (“BGAs”) throughout the United States and through financial intermediaries and insurance marketing organizations. We believe there are opportunities to expand our sales in each of these and other distribution channels through additional product offerings, services and marketing strategies.










GNW's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Genworth Financial Inc 2,799.76 7,488.00 139.00 5,300
Assured Guaranty Ltd 5,457.18 1,373.00 761.00 300
Arthur J Gallagher and Co 55,519.39 19,196.90 1,141.10 39,000
Amerisafe Inc 971.37 306.50 63.71 449
Brown and Brown Inc 24,118.16 4,132.40 747.00 12,023
Crawford and Co 384.85 1,338.22 -9.39 8,941
Corvel Corporation 4,291.40 749.96 74.72 3,508
Employers Holdings Inc 1,177.28 850.90 118.10 716
Erie Indemnity Company 21,795.28 3,297.91 446.06 4,800
Primerica Inc 8,843.74 2,776.29 553.51 1,764
Sundance Strategies Inc 59.13 0.00 -2.49 3
Truist Financial Corporation 46,437.36 21,281.00 -1,047.00 52,641
Arch Capital Group Ltd 34,632.89 13,634.00 4,442.00 5,200
American International Group Inc 54,674.45 46,802.00 3,878.00 36,600
Mr Cooper Group Inc 5,115.07 1,794.00 500.00 7,200
D r Horton Inc 50,861.91 35,928.60 4,782.60 13,237
Essent Group Ltd 5,927.85 1,109.76 696.39 366
First Horizon Corp 8,312.99 3,207.00 916.00 0
H and r Block Inc 6,659.97 3,488.68 592.46 2,200
Kb Home 5,629.77 6,410.63 590.18 1,590
Lennar Corp 44,924.27 34,233.37 3,961.29 9,495
Mbia Inc 306.50 95.00 -407.00 252
Mgic Investment Corp 5,898.29 1,155.10 712.95 800
Nmi Holdings Inc 2,517.32 579.00 322.11 243
Pultegroup Inc 24,464.96 16,061.58 2,602.37 6,182
Radian Group Inc 5,015.33 1,240.59 603.12 1,881
Atlantic American Corp 56.20 185.28 3.10 147
American National Group Inc 5,108.64 4,299.31 639.89 4,736
Citizens Inc 110.98 240.68 24.44 620
China United Insurance Service Inc 46.04 134.74 15.91 2,239
First Trinity Financial Corp 0.00 75.76 7.92 9
Horace Mann Educators Corporation 1,454.04 1,491.90 45.00 1,350
Lpl Financial Holdings Inc 20,907.53 10,052.85 1,066.25 3,410
Midwest Holding Inc 102.33 37.47 1.06 0
National Security Group Inc. 41.46 66.13 0.82 1
National Western Life Group Inc 1,717.33 639.35 128.42 261
Security National Financial Corporation 189.50 351.77 32.87 1,271
United Fire Group Inc 565.05 1,174.22 36.38 1,057
Utg Inc 98.25 44.80 16.24 42
Voya Financial Inc 7,627.66 7,348.00 729.00 0
Centene Corporation 42,042.03 153,695.00 1,740.00 72,500
Cno Financial Group Inc 3,051.87 4,146.80 276.50 3,500
First American Financial Corporation 5,757.05 6,259.20 235.20 17,955
Fidelity National Financial Inc 13,339.14 11,752.00 518.00 54,091
Futu Holdings Ltd 62,442.93 975.97 375.17 150
Investors Title Co 297.33 224.75 21.69 237
Keycorp 13,521.09 5,894.00 967.00 16,744
Molina Healthcare Inc 23,508.52 34,072.00 1,091.00 14,000
Old Republic International Corporation 8,346.19 7,258.30 598.60 8,200
Stewart Information Services Corp 1,662.35 2,257.34 45.60 6,900
Trupanion Inc 1,122.29 1,108.61 -44.69 439
SUBTOTAL 637,112.53 474,828.59 35,610.14 419,250


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