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    Douglas Smith

    Research Analyst at Everest Group

    Douglas Smith is Chairman at Everest Group, leveraging a diverse background in private equity, mergers and acquisitions, and operations across multiple industries including retail, manufacturing, and technology. He has overseen and led companies such as Hirsh Industries, Blocksom & Company, and Certes Networks, though he does not serve in a traditional analyst role or provide company-specific research and performance metrics. Smith founded Vanguard Investment Company in 1983 and previously held positions at Warburg, Paribas, and Becker, bringing decades of executive and board-level expertise. He holds a Bachelor of Science in Industrial Engineering from Northwestern University and an MBA with distinction from Harvard Business School.

    Douglas Smith's questions to GENWORTH FINANCIAL (GNW) leadership

    Douglas Smith's questions to GENWORTH FINANCIAL (GNW) leadership • Q3 2024

    Question

    Douglas Smith of Everest Group asked about the financial reporting of CareScout, its current P&L impact on the parent company, and the corporate structure for its future insurance products.

    Answer

    CFO Jerome Upton explained that CareScout's $35 million investment is reported within the 'Corporate and Other' segment and its revenues are currently minimal. President and CEO Thomas McInerney confirmed a future CareScout insurance business would be a new sister entity, outside the existing ring-fenced life companies. Upton also highlighted the expected $1B-$1.5B in long-term claim savings for GLIC from CareScout.

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