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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]
BGA distribution continued as First Colony Life's primary life insurance and annuity sales channel with a sales force of more than 135,000 independent life insurance agents and brokers. On January 1, 2007, First Colony Life Insurance Company merged into Genworth Life and Annuity Insurance Company, a Genworth Financial company. [citation needed]
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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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 formed from General Electric's life and mortgage insurance assets 2004 GE Security acquires InVision Technologies, a leading manufacturer of airport security equipment. [15] On July 1, 2009, the European Union approves the sale of 81 percent of GE's airport security and biometrics division to French company Safran. [16] 2005