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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.
Statutory earnings drove a consolidated risk-based capital ratio for Genworth Life Insurance Company, or GLIC, of 317% at the end of September, compared to 319% at the end of June and 303% at the ...
Life insurance annuity: An annuity is a long-term investment that pays fixed payments on a regular interval, such as monthly or yearly. While this won’t grant you access to the entire amount ...
Jefferson-Pilot Corporation was a Fortune 500 company based in Greensboro, North Carolina, founded in 1986 from the merger of Jefferson Standard Insurance (founded 1907 by Charles W. Gold and Pleasant D. Gold, Jr., sons of Pleasant Daniel Gold) and Pilot Life Insurance (founded 1903).
A.M. Best downgraded ratings of life insurance subsidiaries of Genworth Financial but affirmed ratings of Genworth Financial with stable outlook.