Finance | Insurance 2023: THOMAS J. McINERNEY

PRESIDENT AND CEO, GENWORTH FINANCIAL, HENRICO COUNTY

Published August 30, 2023 by Virginia Business

The leader of a Fortune 500 insurance company, McInerney has come a long way since his first job as a newspaper carrier at age 12.

Genworth, which provides life, mortgage and long-term care insurance, posted 2022 revenue of $7.5 billion, down from $7.83 billion in 2021 and $8.65 billion in 2020.

In June, Genworth acknowledged that up to 2.5 million customers and insurance agents’ personal information had been exposed in a data breach by a Russian cybercrime gang.

In 2021, the insurer terminated its long-delayed $2.7 billion sale to a Chinese financial corporation and completed the initial public offering of its mortgage insurance subsidiary, Enact Holdings.

Before joining Genworth, McInerney held executive roles with the ING Group, a Dutch financial services company. A graduate of Colgate University and Dartmouth College’s business school, McInerney donated $1.5 million last year to the William & Mary Global Research Institute, funding a postdoctoral fellowship.

McInerney chairs the board of Gov. Glenn Youngkin’s nonprofit workforce training initiative, Virginia Ready.

MOST RECENT BOOK READ: “To Rescue the Republic: Ulysses S. Grant, the Fragile Union, and the Crisis of 1876,” by Bret Baier

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