Genworth Financial is a holding company. Through its principal insurance subsidiaries, Co. provides mortgage and long-term care insurance products. Co. has three operating business segments: Enact; U.S. Life Insurance; and Runoff. Co.'s Enact segment is engaged in the business of writing and assuming residential mortgage guaranty insurance. Co.'s U.S. Life Insurance segment includes long-term care insurance, life insurance and fixed annuity products, and services and solutions that help families address the financial challenges of aging. Co.'s Runoff segment's products mainly include variable annuity, variable life insurance and corporate-owned life insurance, as well as funding agreements. We show 61 historical shares outstanding datapoints in our GNW shares outstanding history coverage, used to compute GNW market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing GNW market cap history over the course of time is important for investors
interested in comparing GNW's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of GNW versus a peer is one thing; comparing
GNW market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like GNW can fluctuate over the course of history.
With this page we aim to empower investors researching GNW by allowing them to research the GNW market cap history. |
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Video: The Importance of Market Cap
