an estimated $2.8 billion. In 2007, another GE Capital insurance company, First Colony Life Insurance Company, merged with Genworth Life and Annuity Assurance Company, one of the entities within Genworth Financial, Inc, also in 2007, Sun Life Financial bought the Employee Benefits Group (EBG) of Genworth Financial, putting Sun Life Financial on the top market for Employee Benefits programs. As of December 31, 2011, Genworth Financial, Inc. had more than 15 million customers in more than 25 countries. In 2009, Genworth held an IPO for its Canadian subsidiary, Genworth MI Canada, on the Toronto Stock Exchange, raising $850 million. On April 1, 2013, Genworth announced the completion of a legal entity reorganization, with the result being the creation of a new ultimate holding company. This restructuring separated the U.S. mortgage insurance subsidiaries from the overall firm. On October 24, 2016, China Oceanwide Holdings Group agreed to buy Genworth Financial Inc. for $2.7 billion. However, on April 6, 2021, Genworth terminated the acquisition due to China Oceanwide's inability to finalize the acquisition. In May 2020, National Australia Bank has terminated its deal to acquire insurance for homebuyers from Genworth Mortgage Insurance Australia. On June 30, 2020, Genworth Financial, Inc. confirmed that it is going ahead with proposals to resolve its short-term commitments and debt responsibilities, while China Oceanwide Holdings Group Co., Ltd. (Oceanwide) is finalizing the investment strategy for Genworth's takeover. In July 2020, Genworth Financial, Inc. has confirmed the retirement of Kelly L. Groh as executive vice president and chief financial officer. Succeeding Groh will be Dan Sheehan, executive vice president and chief investment officer of Genworth, but she will stay with Genworth for a period of time in an advisory capacity to insure the transition operates smoothly. Products and services Life insurance was the company's first product. As of December 2013, Genworth Life and Annuity Insurance Company and Genworth Life Insurance Company had over $728 billion insurance in force. Genworth Financial offers a range of products and services, including long-term care insurance and mortgage insurance. The long-term care business provides individual long-term care insurance, group long-term care insurance for employers offering benefits to employees, and caregiver support services. Prior to 2016, the company offered term life insurance, whole life insurance, universal life insurance, and index universal life insurance, as well as annuities, including fixed immediate annuities, traditional fixed deferred annuities, and fixed index annuities. In 2016, the company suspended