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Genworth Financial Inc. is a financial services holding company operating primarily in the insurance industry. It offers a range of protection and wealth-building products designed to help individuals and families achieve financial security. The company's core businesses include life insurance, long-term care insurance, and annuity products. Genworth's life insurance segment provides death benefit protection, while its long-term care offerings aim to cover the costs associated with extended care needs. The annuity segment focuses on providing retirement income solutions. Historically, the company also had a significant presence in the mortgage insurance market, though it has since divested much of this business. The company competes in a mature and highly regulated industry. Its market position is characterized by its established brand and broad product portfolio, particularly in the long-term care space where it has been a notable player. Genworth's strategy has involved focusing on its core insurance operations and managing its capital effectively.
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