Our Journey

In Australia, we have emerged from HLIC, a government entity, to GE, one of the world’s most innovative companies, and then to Genworth.

The world today – and tomorrow – offers Genworth the enormous opportunity to leverage our strengths, expand our product reach and build a truly global financial security company.

Genworth Financial - Historical Time Line

1965

• Housing Loans Insurance Corporation (HLIC) started by the Australian Government

1997

• GE purchases HLIC from the Australian Government and begins GE Mortgage Insurance Co in Australia

2004

• GE sells off its LMI businesses globally, and Genworth is born through the largest IPO of the year on the New York Stock Exchange
• Genworth emerges with operations in the U.S, U.K, Ireland, Spain, Sweden, Portugal, Italy, Canada, Australia and New Zealand

2005

• Genworth writes first LMI policy in Japan

2006

• Genworth writes first LMI policy in Finland

2007

• Genworth begins operations in Mexico
• Genworth writes first LMI policy in Korea, Turkey and Germany
• Genworth reaches 7,000 employees worldwide
• Genworth reaches 13 million PPI/Life policy holders worldwide

2008

• Genworth writes first PPI policy in Latvia, Lithuania and Estonia

We’re confident we have the right vision and strategy, a solid financial foundation and sound risk disciplines to help us take on the challenges in today’s markets, while seizing new opportunities.