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.

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Genworth Financial, Inc. (NYSE:GNW ) Q3 2024 Earnings Conference Call November 7, 2024 9:00 AM ET Company Participants Brian Johnson - SVP, Financial Planning and Analysis Thomas McInerney - President and CEO Jerome Upton - CFO Jamala Arland - President and CEO, U.S. Life Insurance Conference Call Participants Brett Osetec - KBW Joshua Esterov - CreditSights Operator Good morning, ladies and gentlemen, and welcome to the Genworth Financial's Third Quarter 2024 Earnings Conference Call. My name is Lisa and I'll be your coordinator today.

Genworth Financial, Inc. (GNW) Q3 2024 Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial announces third quarter 2024 results.

Genworth Financial Announces Third Quarter 2024 Results

RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing third quarter results after the market closes on November 6, 2024. A conference call will be held on November 7, 2024, at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the public.

Genworth Financial Schedules Earnings Conference Call for November 7

After seeing its stock price get cut in half over the last decade, Genworth Financial appears to be poised for a significant turnaround. The company's 80% ownership of Enact should make GNW trade just above $10 per share assuming no value in its insurance and annuity segments. There really is no other company that combines mortgage insurance, life insurance, and long-term care, which makes any peer comparison imperfect. Nonetheless, GNW appears to be undervalued by most metrics.

A Failed Merger May Have Been Just What Genworth Financial Needed For A Turnaround

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “bb-” (Fair) from “b+” (Marginal) of Genworth Financial, Inc. [NYSE: GNW] and Genworth Holdings, Inc. (both domiciled in Delaware), as well their Long-Term Issue Credit Ratings (Long-Term IRs). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the Long-Term IRs.) In addition, AM Best affirmed the Financial Strength Rating (FSR) of B- (Fair) and th.

AM Best Upgrades Issuer Credit Ratings of Genworth Financial, Inc. and Genworth Holdings, Inc., Affirms Credit Ratings of U.S. Life Subsidiaries

Genworth Financial, Inc. (NYSE:GNW ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Brian Johnson - SVP of Financial Planning and Analysis Thomas McInerney - President and CEO Jerome Upton - CFO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Genworth Financial's Second Quarter 2024 Earnings Conference Call. My name is Cynthia, and I will be your coordinator today.

Genworth Financial, Inc. (GNW) Q2 2024 Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)--Genworth announces second quarter 2024 financial results.

Genworth Financial Announces Second Quarter 2024 Results

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial schedules earnings conference call for August 1, 2024.

Genworth Financial Schedules Earnings Conference Call for August 1

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RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial announces results of annual meeting.

Genworth Financial Announces Results of Annual Meeting

Genworth Financial, Inc. (NYSE:GNW ) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Sarah Crews - Head, IR Thomas McInerney - President & CEO Jerome Upton - EVP & CFO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Genworth Financial's First Quarter 2024 Earnings Conference Call. My name is Cynthia, and I will be your coordinator today.

Genworth Financial, Inc. (GNW) Q1 2024 Earnings Call Transcript

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RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Genworth Financial Announces First Quarter 2024 Results.

Genworth Financial Announces First Quarter 2024 Results

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RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Genworth Financial Schedules Earnings Conference Call for May 2.

Genworth Financial Schedules Earnings Conference Call for May 2

Genworth Financial, Inc. (GNW) Q4 2023 Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial announces fourth quarter 2023 results.

Genworth Financial Announces Fourth Quarter 2023 Results

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Introducing the CareScout Quality Network, a group of long-term care providers who meet high standards for quality, person-centered care.

CareScout, a Genworth Company, Aims to Redefine Quality and Build Trust in Long-Term Care

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth announces its fourth quarter 2023 earnings conference call for February 22, 2024 at 9 a.m. (ET).

Genworth Financial Schedules Earnings Conference Call for February 22

Genworth Financial shares have performed well over the past year, despite the company's struggles in the long-term care insurance business. The company's structure protects it from having to inject capital into the struggling long-term care entity, which may eventually go bankrupt. Genworth's stake in Enact is worth more than the company's current market value, providing potential upside for investors.

Genworth's Sum Of The Parts May Be Greater Than The Whole

Genworth Financial, Inc. (NYSE:GNW ) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Jerome Upton - EVP, CFO & Principal Financial Officer Thomas McInerney - President, CEO & Director Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Genworth's Financial Third Quarter 2023 Earnings Conference Call. My name is Lisa, and I will be your coordinator today.

Genworth Financial, Inc. (GNW) Q3 2023 Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended September 30, 2023. “I am very pleased with Enact's continued strong financial performance, and as expected, we experienced volatility in our LTC results due to the required liability remeasurement,” said Tom McInerney, President & CEO. “Genworth continues to execute on its strategy to maximize shareholder value, with capital returns from Enact fueling our share repurchase progr.

Genworth Financial Announces Third Quarter 2023 Results

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth announces successful completion of bondholder consent solicitation of 2034 Senior Notes to amend Replacement Capital Covenant.

Genworth Announces Completion of Bondholder Consent Solicitation

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth schedules third quarter earnings conference call for November 9.

News for Genworth Financial Stock (GNW)