June 10, 2013 In May 2004 General Electric (GE) spun off many of its financial operations into a new company called Genworth (GNW). These operations included domestic and international mortgage insurance, life and long-term care insurance, international payment protection insurance, and wealth management. The financial crisis of 2008 nearly swamped the new company, due to … More Can Genworth Make Enough Money in Long-Term Care Insurance?