Genworth Financial Management

Management criteria checks 2/4

Genworth Financial's CEO is Tom McInerney, appointed in Jan 2013, has a tenure of 10.92 years. total yearly compensation is $9.45M, comprised of 10.6% salary and 89.4% bonuses, including company stock and options. directly owns 0.94% of the company’s shares, worth MX$480.24M. The average tenure of the management team and the board of directors is 1.9 years and 3 years respectively.

Key information

Tom McInerney

Chief executive officer

US$9.4m

Total compensation

CEO salary percentage	10.6%
CEO tenure	10.9yrs
CEO ownership	0.9%
Management average tenure	1.9yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tom McInerney's remuneration changed compared to Genworth Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2023	n/a	n/a	US$362m
Jun 30 2023	n/a	n/a	US$464m
Mar 31 2023	n/a	n/a	US$489m
Dec 31 2022	US$9m	US$1m	US$609m
Sep 30 2022	n/a	n/a	US$697m
Jun 30 2022	n/a	n/a	US$868m
Mar 31 2022	n/a	n/a	US$953m
Dec 31 2021	US$8m	US$1m	US$885m
Sep 30 2021	n/a	n/a	US$1b
Jun 30 2021	n/a	n/a	US$1b
Mar 31 2021	n/a	n/a	US$932m
Dec 31 2020	US$7m	US$1m	US$698m
Sep 30 2020	n/a	n/a	US$433m
Jun 30 2020	n/a	n/a	US$159m
Mar 31 2020	n/a	n/a	US$247m
Dec 31 2019	US$9m	US$1m	US$382m
Sep 30 2019	n/a	n/a	US$138m
Jun 30 2019	n/a	n/a	US$97m
Mar 31 2019	n/a	n/a	US$33m
Dec 31 2018	US$9m	US$997k	-US$3m
Sep 30 2018	n/a	n/a	US$631m
Jun 30 2018	n/a	n/a	US$660m
Mar 31 2018	n/a	n/a	US$783m
Dec 31 2017	US$9m	US$997k	US$613m
Sep 30 2017	n/a	n/a	US$355m
Jun 30 2017	n/a	n/a	-US$156m
Mar 31 2017	n/a	n/a	-US$165m
Dec 31 2016	US$9m	US$997k	-US$248m

Compensation vs Market: Tom's total compensation ($USD9.45M) is above average for companies of similar size in the MX market ($USD1.66M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.

CEO

Tom McInerney (66 yo)

10.9yrs

Tenure

US$9,448,366

Compensation

Mr. Thomas Joseph McInerney, also known as Tom, serves as Managing Director at Virgo Supercluster, LLC. He has been the Chief Executive Officer, President, and Director of Genworth Financial, Inc., since J...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thomas McInerney	President	10.9yrs	US$9.45m	0.94% MX$ 480.2m
Gregory Karawan	Executive VP & General Counsel	1.9yrs	US$2.22m	0.036% MX$ 18.3m
Melissa Hagerman	Executive VP & Chief Human Resources Officer	1.9yrs	US$2.17m	0.0052% MX$ 2.6m
Brian Haendiges	President & CEO of U.S. Life Insurance	2.8yrs	US$2.76m	0.024% MX$ 12.5m
Jerome Upton	Executive VP	less than a year	no data	0.044% MX$ 22.6m
Kelly Saltzgaber	Executive VP & Chief Investment Officer	less than a year	no data	0.00034% MX$ 173.3k
Cristina Ahn	VP, Controller & Principal Accounting Officer	less than a year	no data	no data
Sarah Crews	Head of Investor Relations	no data	no data	no data
John Apostle	Chief Compliance Officer	19.6yrs	no data	no data
Robert Vrolyk	Chief Actuary and Senior Vice President	14.8yrs	no data	no data
Andrea White	Executive Vice President of CareScout Insurance	less than a year	no data	0.092% MX$ 47.1m
Mark Hodges	Executive VP & Chief Risk Officer	8.4yrs	no data	0.0044% MX$ 2.2m

1.9yrs

Average Tenure

57.5yo

Average Age

Experienced Management: GNW *'s management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas McInerney	President	10.9yrs	US$9.45m	0.94% MX$ 480.2m
Robert Restrepo	Independent Director	7yrs	US$265.88k	0.011% MX$ 5.7m
Melina Higgins	Independent Non-Executive Chairman of the Board	10.3yrs	US$411.59k	no data
Jill Goodman	Independent Director	2.8yrs	US$231.88k	no data
Elaine Sarsynski	Independent Director	1.8yrs	US$182.15k	no data
Howard Mills	Independent Director	2.8yrs	US$231.13k	no data
G. Conrad	Independent Director	10.8yrs	US$259.63k	no data
Karen Dyson	Independent Director	3yrs	US$261.13k	no data
Ramsey Smith	Independent Director	2.8yrs	US$231.13k	no data

3.0yrs

Average Tenure

63yo

Average Age

Experienced Board: GNW *'s board of directors are considered experienced (3 years average tenure).

Genworth Financial Management

Management criteria checks 2/4

Key information

Recent management updates

Genworth Financial, Inc., Annual General Meeting, May 23, 2024

Genworth Financial, Inc. Announces Principal Accounting Officer Changes

Genworth Financial, Inc. Announces Executive Changes

High number of new directors

High number of new directors

Genworth Financial, Inc. Appoints Cristina E. Ahn as Vice President and Controller (Principal Accounting Officer)

Recent updates

Genworth Financial, Inc. to Report Q3, 2024 Results on Nov 06, 2024

Genworth Financial, Inc. to Report Q2, 2024 Results on Jul 31, 2024

Genworth Financial, Inc., Annual General Meeting, May 23, 2024

Genworth Financial, Inc. to Report Q1, 2024 Results on May 01, 2024

Genworth Financial, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Genworth Financial, Inc. Announces Principal Accounting Officer Changes

Genworth Financial, Inc. Announces Executive Changes

Genworth Financial, Inc. to Report Q3, 2023 Results on Nov 08, 2023

High number of new directors

Second quarter 2023 earnings released: EPS: US$0.28 (vs US$0.36 in 2Q 2022)

Investor sentiment improves as stock rises 16%

High number of new directors

Genworth Financial, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Genworth Financial, Inc. Appoints Cristina E. Ahn as Vice President and Controller (Principal Accounting Officer)

Genworth Financial, Inc., Annual General Meeting, May 18, 2023

First quarter 2023 earnings released: EPS: US$0.13 (vs US$0.30 in 1Q 2022)

High number of new directors

High number of new directors

High number of new directors

Full year 2022 earnings released: EPS: US$1.21 (vs US$1.75 in FY 2021)

Genworth Financial, Inc. Announces Executive Changes

High number of new directors

High number of new directors

Genworth Financial, Inc. to Report Q4, 2022 Results on Feb 06, 2023

Genworth Financial, Inc. to Report Q3, 2022 Results on Nov 01, 2022

High number of new directors

President recently sold Mex$8.6m worth of stock

Second quarter 2022 earnings released: EPS: US$0.36 (vs US$0.48 in 2Q 2021)

High number of new directors

Genworth Financial, Inc. to Report Q2, 2022 Results on Aug 01, 2022

High number of new directors

President recently sold Mex$7.9m worth of stock

Genworth Financial, Inc. Announces Executive Appointments

First quarter 2022 earnings released: EPS: US$0.30 (vs US$0.34 in 1Q 2021)

High number of new directors

Genworth Financial, Inc. (NYSE:GNW) announces an Equity Buyback for $350 million worth of its shares.

Scott Klarquist Delivers Notice to Genworth Financial, Inc. of the Withdrawal of His Nomination for Election to the Board of Directors at its 2022 Annual Meeting of Stockholders

Genworth Financial, Inc. Announces Management Changes

Scott Klarquist Sends Letter to Genworth Financial

Scott Klarquist Sends an Open Letter to Shareholders of Genworth Financial Inc

Scott Klarquist Sends an Open Letter to Shareholders of Genworth Financial Inc

Genworth Financial, Inc. to Report Q1, 2022 Results on May 03, 2022

High number of new directors

President recently sold Mex$13m worth of stock

Full year 2021 earnings: EPS in line with expectations, revenues disappoint

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age