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In June 2009, Genworth MI Canada, its Canadian mortgage insurance subsidiary, completed an initial public offering on the Toronto Stock Exchange, raising $850 million. [21] [22] [23] In June 2011, the company sold Continental Life Insurance, which provided Medigap insurance policies, to Aetna for $290 million. [24] [25] [26] [27]
First Colony Life (FCL) was an American life insurance company based in Lynchburg, Virginia that was acquired in 1996 by GE Financial Assurance (a subsidiary of General Electric), and later became Genworth Life and Annuity Insurance Company, a Genworth Financial company in 2007.
Genworth Financial (NYSE: GNW) Q2 2024 Earnings Call Aug 01, 2024, 10:00 a.m. ET. ... Strong statutory earnings drove a consolidated risk-based capital ratio for Genworth Life Insurance Company ...
Genworth Financial: This Richmond-based company provides mortgage insurance, long-term care insurance, and other financial products to individuals and businesses. Virginia's banking and finance industry is a major driver of the state's economy.
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GE then owned 80% of NBCUniversal and Vivendi owned 20%. In 2004, GE completed the spin-off of most of its mortgage and life insurance assets into an independent company, Genworth Financial, based in Richmond, Virginia. [71] In May 2007, GE acquired Smiths Aerospace for $4.8 billion. [72]
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