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Company Details
GENWORTH LIFE INSURANCE COMPANY License Status :
Active
NAIC Number :
70025
Phone Number:
8046622722
Company Address:
6604 WEST BROAD STREET
RICHMOND, VA 23230
Description:
Life and Health
License Number:
A418961
Date Admitted:
1979-05-17
Market Share
Link to Supplemental Data Page
| Year | Line | Market Share | Direct Premium Written | Direct Premium Earned | Direct Losses Paid | Direct Losses Incurred | Loss Ratio |
|---|---|---|---|---|---|---|---|
| 2023 | Total Accident & Health | 0.30% | $44,784,013 | $45,291,652 | $45,418,412 | $49,338,350 | N/A |
| 2023 | Total Individual Accident & Health | 0.81% | $41,644,930 | $42,118,535 | $43,831,919 | $46,753,344 | N/A |
| 2023 | Individual Long Term Care | 21.12% | $41,644,930 | $42,118,535 | $43,831,919 | $46,753,344 | N/A |
| 2023 | Total Group Accident & Health | 0.03% | $3,139,083 | $3,173,117 | $1,586,493 | $2,585,006 | 81.47 % |
| 2023 | Group Long Term Care | 8.22% | $3,138,828 | $3,172,857 | $1,586,334 | $2,584,829 | 81.47 % |
| 2023 | Group Accident Only | 0.00% | $255 | $260 | $159 | $177 | 68.08 % |
| 2023 | Total Life | 0.03% | $3,966,407 | $0 | $35,586,952 | $0 | N/A |
| 2023 | Total Individual Life | 0.04% | $3,797,512 | $0 | $24,889,196 | $0 | N/A |
| 2023 | Individual Whole Life | 0.00% | $499 | $0 | $0 | $0 | N/A |
| 2023 | Individual Term Life | 0.33% | $1,947,536 | $0 | $1,608,100 | $0 | N/A |
| 2023 | Individual Universal Life | 0.32% | $1,849,477 | $0 | $2,461,440 | $0 | N/A |
| 2023 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $19,257,522 | $0 | N/A |
| 2023 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $0 | $0 | N/A |
| 2023 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $1,562,134 | $0 | N/A |
| 2023 | Total Group Life | 0.00% | $168,895 | $0 | $10,697,756 | $0 | N/A |
| 2023 | Group Term Life | 0.00% | $2,696 | $0 | $846 | $0 | N/A |
| 2023 | Group Universal Life | 0.36% | $164,999 | $0 | $9,672,309 | $0 | N/A |
| 2023 | Group Ordinary Annuities | 0.00% | $1,200 | $0 | $1,024,601 | $0 | N/A |
| 2022 | Total Accident & Health | 0.39% | $47,397,245 | $47,884,044 | $42,608,907 | $50,620,531 | N/A |
| 2022 | Total Individual Accident & Health | 0.93% | $44,206,707 | $44,671,702 | $41,390,536 | $48,442,231 | N/A |
| 2022 | Individual Medicare Supplement | 0.00% | $-771 | $-803 | $0 | $0 | N/A |
| 2022 | Individual Long Term Care | 22.21% | $44,207,478 | $44,672,505 | $41,390,536 | $48,442,231 | N/A |
| 2022 | Total Group Accident & Health | 0.04% | $3,190,538 | $3,212,342 | $1,218,371 | $2,178,300 | 67.81 % |
| 2022 | Group Long Term Care | 8.86% | $3,190,538 | $3,212,342 | $1,218,371 | $2,178,300 | 67.81 % |
| 2022 | Total Life | 0.03% | $4,312,124 | $0 | $54,690,626 | $0 | N/A |
| 2022 | Total Individual Life | 0.04% | $4,095,102 | $0 | $48,065,176 | $0 | N/A |
| 2022 | Individual Whole Life | 0.00% | $499 | $0 | $0 | $0 | N/A |
| 2022 | Individual Term Life | 0.33% | $2,055,506 | $0 | $5,250,123 | $0 | N/A |
| 2022 | Individual Universal Life | 0.26% | $2,039,097 | $0 | $22,605,550 | $0 | N/A |
| 2022 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $18,615,717 | $0 | N/A |
| 2022 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $46,642 | $0 | N/A |
| 2022 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $1,547,144 | $0 | N/A |
| 2022 | Total Group Life | 0.00% | $217,022 | $0 | $6,625,450 | $0 | N/A |
| 2022 | Group Term Life | 0.00% | $2,424 | $0 | $2,300 | $0 | N/A |
| 2022 | Group Universal Life | 0.18% | $212,498 | $0 | $5,275,806 | $0 | N/A |
| 2022 | Group Ordinary Annuities | 0.00% | $2,100 | $0 | $1,347,344 | $0 | N/A |
| 2021 | Total Accident & Health | 0.39% | $47,703,173 | $48,655,016 | $42,309,131 | $45,957,885 | 94.46 % |
| 2021 | Total Individual Accident & Health | 0.98% | $44,527,758 | $45,479,979 | $41,096,928 | $45,136,292 | 99.24 % |
| 2021 | Individual Medicare Supplement | 0.00% | $1,554 | $1,568 | $15 | $15 | 0.96 % |
| 2021 | Individual Long Term Care | 21.45% | $44,526,204 | $45,478,411 | $41,096,913 | $45,136,277 | 99.25 % |
| 2021 | Total Group Accident & Health | 0.04% | $3,175,415 | $3,175,037 | $1,212,203 | $821,593 | 25.88 % |
| 2021 | Group Long Term Care | 8.16% | $3,175,415 | $3,175,037 | $1,212,203 | $821,593 | 25.88 % |
| 2021 | Total Life | 0.04% | $4,511,572 | $0 | $33,236,580 | $0 | N/A |
| 2021 | Total Individual Life | 0.05% | $4,274,786 | $0 | $30,165,315 | $0 | N/A |
| 2021 | Individual Whole Life | 0.00% | $375 | $0 | $0 | $0 | N/A |
| 2021 | Individual Term Life | 0.35% | $2,133,494 | $0 | $4,610,598 | $0 | N/A |
| 2021 | Individual Universal Life | 0.27% | $2,140,917 | $0 | $3,121,336 | $0 | N/A |
| 2021 | Individual Ordinary Annuities | 0.00% | $0 | $0 | $20,232,990 | $0 | N/A |
| 2021 | Individual Equity Indexed Annuities | 0.00% | $0 | $0 | $18,000 | $0 | N/A |
| 2021 | Individual Deposit-Type Funds | 0.00% | $0 | $0 | $2,182,391 | $0 | N/A |
| 2021 | Total Group Life | 0.01% | $236,786 | $0 | $3,071,265 | $0 | N/A |
| 2021 | Group Term Life | 0.00% | $2,188 | $0 | $22,116 | $0 | N/A |
| 2021 | Group Universal Life | 0.64% | $232,498 | $0 | $1,841,425 | $0 | N/A |
| 2021 | Group Ordinary Annuities | 0.00% | $2,100 | $0 | $1,207,724 | $0 | N/A |
Enforcements
The department has not taken enforcement action against this company in the past three years.
Complaint Index
| Year | Line | Market Share | Number of Complaints | Complaint Index |
|---|---|---|---|---|
| 2023 | Health | 0.44% | 31 | 324 |
| 2023 | Life and Annuities | 0.04% | 0 | 0 |
| 2023 | Long-Term Care Insurance | 19.27% | 31 | 99 |
| 2023 | Medicare Supplement Insurance | 0.00% | 0 | 0 |
| 2022 | Health | 0.57% | 34 | 271 |
| 2022 | Life and Annuities | 0.04% | 0 | 0 |
| 2022 | Long-Term Care Insurance | 19.77% | 34 | 112 |
| 2022 | Medicare Supplement Insurance | 0.00% | 0 | 0 |
| 2021 | Health | 0.58% | 34 | 238 |
| 2021 | Life and Annuities | 0.05% | 0 | 0 |
| 2021 | Long-Term Care Insurance | 19.67% | 34 | 102 |
| 2021 | Medicare Supplement Insurance | 0.00% | 0 | 0 |
Company Changes
Effective Date: 01/01/2006
Comments: General Electric Capital Assurance changed its name to Genworth Life Insurance Company.
Effective Date: 03/01/1999
Comments: General Electric Capital, Richmond, VA, merged with and into General Electric Capital Assurance Co.
Market Conduct
This company does not have any market conduct exams or investigations.
Financial Exams
This company does not have any financial exams.