Genworth Financial Inc was incorporated in Delaware in 2003 in preparation for an initial public offering of its common stock, which was completed on May 28, 2004. It is a financial services company providing insurance, wealth management, investment and financial solutions to its customers, with a presence in more than 25 countries. The Company operates through U.S. Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, Runoff. U.S. Mortgage Insurance offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans. Canada Mortgage Insurance offers flow mortgage insurance and also provide bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk in Canada. Australia Mortgage Insurance offers flow mortgage insurance and selectively provide bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk. U.S. Life Insurance offers long-term care insurance products as well as service traditional life insurance and fixed annuity products in the United States. The Runoff segment includes the results of non-strategic products which are no longer actively sold.The Company's products compete by providing consumers with an array of long-term care coverage solutions, coupled with long-term care support services. The Company's insurance operations are subject to variety of laws and regulations.