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.

Earnings data Q2 2021

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Genworth Financial reports strong Q1 results, faces GAAP earnings volatility

Genworth Financial's Q1 performance showcased resilience and strategic focus, with notable achievements in Enact and the Life Insurance segment. However, challenges related to accounting standards and buyback authorization require careful management. The company's strategic priorities and strong investment portfolio position it well for future growth.

Genworth Financial reports strong Q2 earnings amidst LDTI accounting challenges

Genworth Financial's Q2 2023 performance reflects strong financial results and progress against strategic priorities. However, challenges related to LDTI accounting guidance and volatility in income require careful evaluation. Despite this, the company's focus on the multiyear rate action plan and Enact's strong performance present opportunities for sustained growth and value creation.

Genworth reports strong Q3 earnings, CareScout Services shows promising potential

Genworth's Q3 2023 performance reflects strong net and adjusted operating income, with Enact driving positive results. The company's focus on improving the financial condition of its legacy LTC business and the progress of CareScout Services in building a quality care network in Texas are notable. However, concerns were raised about the negative unassigned surplus and the potential for dividends.

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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 offers 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 Richmond, VA.

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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.

Genworth Financial Schedules Earnings Conference Call for November 9

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Genworth Financial, Inc (NYSE:GNW ) Q2 2023 Earnings Conference Call August 9, 2023 9:00 AM ET Company Participants Sarah Crews - Investor Relations Tom McInerney - President and Chief Executive Officer Jerome Upton - Chief Financial Officer Conference Call Participants Joshua Esterov - CreditSights Operator Good morning, ladies and gentlemen and welcome to Genworth Financial's Second Quarter 2023 Earnings Conference Call. My name is Karen and I will be your coordinator today.

Genworth Financial, Inc (GNW) Q2 2023 Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Genworth Reports Second Quarter 2023 Results.

Genworth Financial Announces Second Quarter 2023 Results

Genworth reports Q2 earnings this week. Heading into earnings, the company is fairly valued at $6.24/sh. Shareholders would benefit from a more aggressive reduction in the company's debt.

Genworth Financial: Valuation Update

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RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Genworth Financial Postpones Second Quarter 2023 Earnings Release.

Genworth Financial Postpones Second Quarter 2023 Earnings Release

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Genworth Financial Announces $350 Million Expansion of Existing Share Repurchase Program.

Genworth Financial Announces $350 Million Expansion of Existing Share Repurchase Program

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

Genworth Financial Schedules Earnings Conference Call for August 2

The number of victims of the MOVEit hack grew by several million on Thursday after the biggest U.S. pension fund, Calpers, and insurer Genworth Financial said personal information of their members and customers had been compromised.

MOVEit hack claims Calpers and Genworth as millions more victims impacted

Genworth Financial Inc. GNW, -1.58% said late Thursday it does not believe a security issue involving a file-transfer system has had a material effect on its business. In a filing with the Securities and Exchange Commission late Thursday, Genworth said PBI Research Services, one of the insurer's vendors, alerted the company of the recent hack of MOVEit, a file sharing tool PBI uses The company said it “believes that the personal information of a significant number of insurance policyholders or other customers of its life insurance businesses was unlawfully accessed, and is working to ensure that protection services are provided to those impacted individuals on any of the company's information systems, including its financial systems, and that there has not been any material interruption of the company's business operations.

Genworth says file-share hack won't impact business

Genworth Financial's stake in Enact Holdings is worth over $3 billion, making the company undervalued with a market cap of around $2.4 billion. The company has improved its balance sheet, reduced debt, and built a solid investment portfolio, supporting the investment case at current price levels. Risks include losses in the long-term care insurance segment and potential impact on financial strength ratings.

Genworth Financial: Beaten Down Valuation Makes It A Buy

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth announced the results of its 2023 annual meeting of stockholders.

Genworth Financial Announces Results of Annual Meeting

Earnings were down significantly in the first quarter as Genworth missed analysts consensus estimates. The stock price is down about 12% year to date.

Why Genworth Financial Stock Was Dropping Today

Genworth Financial, Inc. (NYSE:GNW ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Sarah Crews - Director, Investor Relations Tom McInerney - President and CEO Jerome Upton - Chief Financial Officer Brian Haendiges - President, U.S. Life Insurance Business Kelly Saltzgaber - Chief Investment Officer Conference Call Participants Brett Osetec - KBW Operator Please standby, we are about to begin. Good morning, ladies and gentlemen.

News for Genworth Financial Stock (GNW)