Genworth Financial

Genworth Financial, Inc. is a financial services company, which engages in the provision of insurance, wealth management, investment and financial solutions. It operates through the following segments: U.S. Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans. The Australia Mortgage Insurance segment offers flow mortgage insurance and selectively provides bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk. The U.S. Life Insurance segment offers long-term care insurance products as well as service traditional life insurance and fixed annuity products in the United States. The Runoff segment includes the results of non-strategic products which are no longer actively sold but continue to service its existing blocks of business. Its non-strategic products primarily include variable annuity, variable life insurance, institutional, corporate-owned life insurance and other accident and health insurance products. The company was founded in1871 and is headquartered in Richmond, VA.

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Genworth Financial reports robust Q4 earnings and strategic achievements

Genworth Financial's Q4 2022 performance showcased strong financial results and strategic accomplishments, positioning the company for future growth.
While facing challenges in areas like LTC assumptions and financial reporting standards, Genworth's strengths in Enact's performance and strategic initiatives offer opportunities for value creation.
The company's ability to balance shareholder returns with growth investments underscores its resilience and commitment to long-term success.

Genworth Financial reports resilient Q1 performance amidst economic challenges

Genworth Financial navigated economic challenges to deliver strong Q1 results, with Enact and the Life Insurance segment performing well. Despite challenges from LDTI adoption and economic headwinds, the company is focused on strategic priorities and growth opportunities.

Genworth reports mixed Q2 results, Enact's strength shines

Genworth Financial and Enact showed mixed performance in Q2 2023, with strong results from Enact contrasting with challenges in Genworth's LTC business.
Share repurchases, increased dividend payments, and strategic priorities indicate a focus on enhancing shareholder value and long-term growth.
Addressing challenges in the LTC business and leveraging opportunities in Enact's excess cash position are key areas for future success.

Genworth Financial reports mixed Q3 results, focuses on LTC strategy

Genworth Financial's Q3 2023 performance showcased mixed results with strong performance from Enact but challenges in LTC. The company's strategic focus on LTC rate actions and CareScout Services highlights a commitment to long-term growth and shareholder value. Despite challenges, Genworth's conservative investment approach and capital allocation strategies position them well for future opportunities.

Genworth Financial reports Q4 loss, Enact's resilience shines

Genworth Financial navigated a challenging Q4 2023 with a net loss driven by issues in Life and Annuities and LTC. Despite this, Enact's performance was a bright spot, and the company made significant progress with its rate action plan. Ratings upgrades and strategic initiatives signal a path towards growth and stability.

Genworth Financial reports strong Q1 earnings driven by Enact

Genworth Financial's Q1 performance was driven by Enact's strength, with a focus on improving the LTC insurance business and expanding CareScout services. While facing challenges in the Life and Annuities segment, Genworth aims to capitalize on opportunities for growth and profitability through strategic initiatives. The company's financial position remains stable, supported by Enact's performance and capital management efforts.

Genworth Financial reports strong Q2 earnings driven by Enact

Genworth Financial's Q2 2024 performance was solid, with Enact leading results and contributing significantly to the company's overall performance. While challenges exist in the LTC segment's operating loss, strategic priorities and opportunities for growth through Enact and CareScout position Genworth well for future success.

Genworth Financial reports solid Q3 performance amidst strategic growth initiatives

Genworth Financial's Q3 performance was marked by strong contributions from Enact and challenges in the U.S. life insurance segment.
Maintaining a strong liquidity position and strategic focus on growth areas like CareScout and LTC market reentry are key strengths.
Challenges include operational losses in the life insurance segment and uncertainties around LTC costs and federal programs.
Opportunities lie in expanding CareScout's offerings, reentering the LTC market, and exploring collaborations in the LTC space.

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Genworth Financial, Inc. engages in offering mortgage and long-term care insurance products. It operates through the following segments: Enact, Long-Term Care Insurance, Life and Annuities, and Corporate and Other. The Enact segment refers to Enact Holdings that offer private mortgage insurance products. The Long-Term Care Insurance segment offers long-term care insurance products in the United States. The Life and Annuities segment focuses on protection and retirement income products. The Corporate and Other segment includes debt financing expenses. The company was founded in 1871 and is headquartered in Glen Allen, VA.

RICHMOND, Va., Feb. 2, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing fourth quarter results after the market closes on February 16, 2021. A conference call will be held on February 17, 2021 at 9:00 a.m. (ET) to...

Genworth Financial Schedules Earnings Conference Call For February 17th

RICHMOND, Va., Jan. 4, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced it will hold a special topics call on January 5, 2021 at 8:00 a.m. (ET) with Genworth's President and CEO Tom McInerney to discuss the Company's recent transaction update with Oceanwide and...

Genworth Financial Schedules Special Topics Call For January 5th

The acquisition by Oceanwide may not "occur in the near term," if at all.

Why Genworth Financial Stock Plummeted Today

Shares of insurer Genworth Financial Inc. slid 34% in premarket trade Monday, after the company and China Oceanwide Holdings Group Co. Ltd provided an update on their merger agreement. "Given uncertainty around the completion and timing of the remaining steps required to close the transaction, Genworth and Oceanwide have not extended the current December 31, 2020 "end date" under the merger agreement," the companies said in a joint statement.

Genworth shares slide 34% premarket as China Oceanwide deal faces further delay

RICHMOND, Va., Jan. 4, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today provided an update on their pending transaction. Given uncertainty around the completion and timing of the remaining...

Genworth And Oceanwide Provide Transaction Update; Genworth To Focus on Contingency Plan

One of the longest-running M&A sagas on Wall Street might be finally nearing conclusion.

Why Shares of Genworth Financial Are Up Today

RICHMOND, Va. and BEIJING, Nov. 30, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) announced that their transaction has received confirmation of the extension of the acceptance of filing from the National Development and...

Genworth and Oceanwide Announce NDRC Re-Approval of Transaction

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Genworth Financial, Inc. (GNW) CEO Tom McInerney on Q3 2020 Results - Earnings Call Transcript

Shares of Genworth Finl (NYSE:GNW) moved higher by 5.37% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 8.33% over the past year to $0.26, which beat the estimate of $0.07.

Genworth Finl: Q3 Earnings Insights

RICHMOND, Va., Nov. 2, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) today provided an update on the status of their pending transaction. Genworth announced that Oceanwide has made significant progress on the Hony Capital...

Genworth and Oceanwide Provide Transaction Update

The current stock price of Genworth reflects a reverse head and shoulder pattern, the most powerful pattern for higher prices. The stock price is now breaking over 7 month highs and imminent news is expected in the next 10 business days.

Genworth Primed To Gap $1 Higher

RICHMOND, Va., Oct. 22, 2020 /PRNewswire/ -- Genworth Mortgage Insurance ("Genworth MI"), an operating segment of Genworth Financial, Inc. (NYSE: GNW), today announced that its flagship legal entity, Genworth Mortgage Insurance Corporation, has obtained $349.6 million of fully...

Genworth Mortgage Insurance Completes Mortgage Insurance-Linked Note Transaction

RICHMOND, Va., Oct. 21, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing third quarter results after the market closes on November 4, 2020. A conference call will be held on November 5, 2020 at 8:00 a.m. (ET) to...

Genworth Financial Schedules Earnings Conference Call For November 5th

Genworth Financial Special Situation Arbitrage Continues Providing Rich Opportunities

RICHMOND, Va. and BEIJING, Oct. 1, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) announced today that Oceanwide has reached a general agreement with Hony Capital on the key commercial terms and conditions of its $1.8...

Genworth and Oceanwide Announce Significant Progress Toward Acquisition Funding, Extend Merger Agreement

Genworth Financial (GNW) stock is on the rise Friday following news that it's moving ever forward with its Oceanwide deal.
The post Genworth Financial Stock Jumps 1% on Oceanwide Deal Progress appeared first on InvestorPlace.

Genworth Financial Stock Jumps 1% on Oceanwide Deal Progress

RICHMOND, Va., Sept. 16, 2020 /PRNewswire/ -- Genworth Financial, Inc.

Genworth and Oceanwide Continue to Work Toward Closing Transaction; Genworth Announces Date of 2020 Annual Stockholders Meeting

RICHMOND, Va., Sept. 15, 2020 /PRNewswire/ -- Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc.

Genworth Mortgage Insurance's Economist Report, Second Quarter: Sharp Slowdown in First-Time Homebuyer Market; COVID-19 Pandemic Impact on Housing Market

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bb+” of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA).

AM Best Affirms Credit Ratings of Genworth Financial, Inc. and Its U.S.

Genworth Financial (GNW) news for Monday includes reports that Oceanwide has finally secured financing to acquire the company.

Genworth Financial News: GNW Stock Flies 32% on Oceanwide Financing

The long-awaited acquisition is one step closer to being finalized.

Here's Why Genworth Financial Stock Is Soaring Today

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RICHMOND, Va., Aug. 21, 2020 /PRNewswire/ -- Genworth Financial, Inc.

Genworth Announces Closing of a Private Offering of $750 Million of 6.500% Senior Notes Due 2025 by its Subsidiary Genworth Mortgage Holdings, Inc.

Genworth Holdings Special Situation: 3 Paths All Lead To High Yields And Deep Downside Protection

News for Genworth Financial Stock (GNW)