Genworth Financial, Inc. announced the election of a new independent director to its Board of Directors: Elaine Sarsynski, former Chairwoman, Chief Executive Officer and President of Mass Mutual International. She will stand for election with the other Directors at Genworth's 2022 Annual Meeting of Stockholders. Additionally, the company announced that current board member Debra Perry intends to retire from service on the Board of Directors following the completion of her current term in May 2022. She will not stand for re-election. Ms. Sarsynski's extensive experience as a business leader in the insurance industry, 15 years of governance
experience as a Director for both public and private companies, and strong risk and financial knowledge will
provide the Board with significant additional insight as it oversees Genworth's strategy and operations.
Genworth Financial, Inc., through its principal insurance subsidiaries, offers mortgage and long-term care insurance products. The Company is the holding company of Enact Holdings. The Company operates through three segments: Enact, Long-Term Care Insurance Segment and Life and Annuities. Through Enact Holdings and its mortgage insurance subsidiaries, Enact segment provides private mortgage insurance products and services. The segment is engaged in the business of writing and assuming residential mortgage guaranty insurance. Long-Term Care Insurance Segment includes long-term care insurance products. The segment offers individual long-term care insurance policies. Life and Annuities segment offers a variety of protection and retirement income products through its principal United States life insurance subsidiaries. The segment includes traditional and non-traditional life insurance, fixed annuities and variable annuities.