Political Contributions & Expenditures

Policy on Corporate Political Contributions and Expenditures

Genworth is committed to being actively involved in the communities we serve. This commitment extends to our approach to public policy. Because public policy issues have the potential to impact our business, employees, partners, customers and communities, Genworth, like other commercial enterprises, uses its resources on occasion to promote public policies of concern to our company and educate elected and public officials about our business.

Genworth has a long history of being committed to conducting business ethically, with integrity, and in accordance with the law. Part of that commitment includes compliance with rules, regulations, and standards governing our interaction with all governments, including our disclosure and accountability regarding political contributions and expenditures.

To that end, Genworth recognizes the importance of meaningful corporate governance practices as it relates to corporate political contributions and expenditures. Accordingly, Genworth’s Board of Directors has adopted a policy to ensure that political contributions and expenditures in the United States are made in a manner consistent with Genworth’s core values to protect or enhance stockholder value.

Download Political Contributions and Expenditures Policy

Genworth Political Action Committee (Genworth*PAC)

The political action committee sponsored by Genworth is a voluntary, nonprofit, unincorporated political action committee established by Genworth to promote and facilitate the support by Genworth’s employees and other eligible contributors of candidates for federal and state office who share Genworth’s views on important issues. Genworth*PAC is dedicated to the support of candidates:

  • who have taken positions on issues involving private enterprise and on economic questions of national importance that are consistent with Genworth’s business interests;
  • who otherwise have experience on issues of importance to Genworth;
  • who represent geographic areas of strategic significance to Genworth’s business interests; or
  • who are working to promote bipartisan and consensus-driven policy to divisive and challenging issues facing Genworth and the country.

Genworth*PAC is not affiliated with any political party or with any specific candidate for election.

2023 Contributions Provided for the Genworth*PAC

Federal Candidates and Political Organizations: $47,000*

The PAC contributed $5,000 to PIPAC, the state trade PAC in Pennsylvania.

*Includes $1,000 write-off of uncashed 2022 contribution.

Corporate Trade Association Dues and Political Contributions

All trade association memberships must be reviewed by Genworth’s Chief Compliance Officer. In the event trade association dues are expected to be used for lobbying or other political purposes, dues payments must be reviewed and approved by Genworth’s General Counsel or his/her designee. Genworth’s political contributions shall be made in compliance with all applicable laws. All corporate political contributions shall be reviewed and approved by Genworth’s General Counsel or his/her designee. The Company’s membership in trade associations that participate in lobbying or other political purposes is reviewed annually with the Board’s Nominating and Corporate Governance Committee.

2023 Corporate Trade Association Dues, Sponsorships and Political Contributions

(Information below excludes relationships with Enact Holdings, Inc. and its subsidiaries.)

Trade Association Dues, Sponsorships, Membership Organizations: $638,615

State Candidates and Political Organizations: $149,500

Major Trade Associations and Other Non-Profit Organizations

(Information below excludes relationships with Enact Holdings, Inc. and its subsidiaries.)

Listed below are the national and state trade associations and non-profit organizations in the United States to whom we contributed payments of $50,000 or more in 2023.

Genworth actively participates in trade associations and non-profit organizations that promote bipartisan and consensus-driven research and policy.

Trade Association Dues, Memberships & Sponsorships Non-Deductible Deductible Total Dues
American Council of Life Insurers (ACLI) $64,538.00 $360,053.00 $424,591.00