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.

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

RICHMOND, Va., Aug. 19, 2020 /PRNewswire/ -- Genworth Financial, Inc.

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

China Oceanwide may finally be able to acquire the insurance company soon.

Why Genworth Financial Stock Soared Today

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

NEW YORK, Aug. 3, 2020 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Genworth Financial, Inc.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Genworth Financial, Inc. GNW

Genworth Financial, Inc. (GNW) CEO Tom McInerney on Q2 2020 Results - Earnings Call Transcript

RICHMOND, Va., July 29, 2020 /PRNewswire/ -- Merger Agreement With China Oceanwide Holdings Group Co.

Genworth Financial Announces Second Quarter 2020 Results

RICHMOND, Va., July 28, 2020 /PRNewswire/ -- Genworth Financial, Inc.

Genworth Announces Leadership Changes

With the China Oceanwide deal on the brink of failure, Genworth is going to need to raise nearly $973 million to meet its upcoming liquidity needs.

Genworth Financial: Raising Capital Without China Oceanwide

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RICHMOND, Va., July 20, 2020 /PRNewswire/ -- Genworth Financial, Inc.

Genworth Announces Settlement with AXA

RICHMOND, Va., July 14, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing second quarter results after the market closes on July 29, 2020. A conference call will be held on July 30, 2020 at 9:00 a.m. (ET) to discuss...

Genworth Financial Schedules Earnings Conference Call For July 30th

After nearly four years it appears we are nearing the end of the company's long-running sale drama.

Why Shares of Genworth Financial Are Falling Today

RICHMOND, Va., June 30, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced today that it is moving forward with plans to address its near-term liabilities and financial obligations, and maximize shareholder value while China Oceanwide Holdings Group Co., Ltd. (Oceanwide)...

Genworth Announces Merger Agreement Extension to September 30, Steps to Enhance Liquidity

Genworth Financial, Inc. (GNW) CEO Tom McInerney on Q1 2020 Results - Earnings Call Transcript

Genworth shareholders are breathing a sigh of relief on Thursday.

Here's Why Genworth Financial Is Soaring Today

Genworth Financial, Inc. (NYSE: GNW) shares are trading higher after the company announced the New York regulator has reapproved the proposed acquisition of control by Oceanwide for Genworth's New York-Domiciled insurance company.

Why Genworth Financial's Stock Is Trading Higher Today

A long-awaited windfall just got a step closer for shareholders

Here’s Why Genworth Financial Stock Is Soaring Today

Genworth Financial (GNW) CEO, Tom McInerney on Q4 2019 Results - Earnings Call Transcript

The long-term care and mortgage insurance provider has been trying to close on an acquisition for three years. Will it ever get done?

Is Genworth Financial Stock a Buy?

The merger of Genworth (GNW) and Oceanwide has been pushed back for the 13th time due to regulatory requirements.

Genworth's Merger with Oceanwide Pushed Back Once Again

Genworth Financial (GNW) sells its majority stake in Genworth Canada.

Genworth Financial Divests Canada Unit Stake to Brookfield

BROOKFIELD, NEWS, Dec.  09, 2019  (GLOBE NEWSWIRE) -- Genworth Financial, Inc. (NYSE: GNW) and Brookfield Business Partners (NYSE: BBU) (TSX: BBU.UN) today announced that Brookfield Business Partners together with its institutional partners has received approval under the Insurance Companies Act (Canada) to purchase Genworth’s majority interest in Genworth MI Canada Inc. (Genworth Canada). All regulatory approvals required for the completion of this transaction have now been obtained.

Canadian Regulators Approve Sale of Genworth’s Stake in Genworth MI Canada Inc. to Brookfield Business Partners

Genworth Financial (GNW) reported earnings 30 days ago. What's next for the stock?

Genworth Financial (GNW) Down 7.8% Since Last Earnings Report: Can It Rebound?

Genworth Financial, Inc. (GNW) CEO Thomas McInerney on Q3 2019 Results - Earnings Call Transcript

News for Genworth Financial Stock (GNW)