Genworth Mortgage Insurance is focused on the big picture: getting people in homes and keeping them there. The MI company works with lenders to help buyers responsibly achieve the dream of homeownership by ensuring the broad availability of affordable low down payment loans.
Genworth MI is a subsidiary of Genworth Financial Inc., a diversified financial services company. A comprehensive capital plan reflects Genworth’s increasing financial flexibility, appropriate reserves and a growing high-quality book of new business. As of Q42015, Genworth’s flagship insurer, GMICO, has a risk-to-capital ratio of 16.4:1, and the combined is 16.3:1. Its statutory combined assets totaled $2.9 billion as of Q42015 and its statutory combined capital totaled $1.7 billion as of Q42015. Since 2008, $7.9 billion worth of claims have been paid.