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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Earnings data Q4 2024

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.

OLDWICK, N.J.--( BUSINESS WIRE )--AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “b+” (Marginal) from “b” (Marginal) and affirmed the Financial Strength Rating (FSR) of C++ (Marginal) of Genworth Life Insurance Company (GLIC) (Wilmington, DE) and Genworth Life Insurance Company of New York (GLICNY) (New York, NY). The outlook of these Credit Ratings (ratings) is stable. Additionally, AM Best has upgraded the Long-Term ICRs to “b+” (Marginal) from “b” (Marginal) of Genworth Financial, Inc. (Genworth) [NYSE: GNW] and Genworth Holdings, Inc., as well as their associated Long-Term Issue Credit Ratings (Long-Term IRs). (Both companies are domiciled in Delaware.) The outlook of these ratings is stable.

AM Best Upgrades Issuer Credit Ratings for Most of Genworth Financial, Inc.'s U.S. Life Subsidiaries; Downgrades Credit Ratings of Genworth Life and Annuity Insurance Company

Genworth Financial, Inc. (NYSE:GNW ) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Sarah Crews - Director, Investor Relations Tom McInerney - President and CEO Dan Sheehan - Chief Financial Officer and CIO Brian Haendiges - President, U.S. Life Insurance Segment Jerome Upton - Deputy Chief Financial Officer and Controller Conference Call Participants Ryan Krueger - KBW Tom Slattery - Morgan Stanley Anthony Steinmetz - Shawnee Capital Operator Good morning, ladies and gentlemen. And welcome to Genworth Financial's Third Quarter 2022 Earnings Conference Call.

Genworth Financial, Inc. (GNW) Q3 2022 Earnings Call Transcript

Genworth Financial Announces Third Quarter 2022 Results

Genworth Financial has been relatively resilient in an otherwise abysmal equity market, up 5% YTD. Several factors will decide if Genworth Financial's momentum lasts for the remainder of the year.

Genworth Financial: Relative Strength Through Year-End

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RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Genworth Financial Schedules Earnings Conference Call For November 2nd

Genworth Financial Schedules Earnings Conference Call For November 2nd

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial, Inc. (NYSE: GNW) is mourning the death of its former board member, William H. Bolinder, who passed away on September 29, 2022, after a long illness. He served as a member of Genworth's Board of Directors from 2010 to 2019, including as Chair of the Nominating and Corporate Governance Committee from 2013 to 2019. "We are deeply saddened to hear of Bill's passing," said Melina Higgins, Genworth non-executive Chair of the Board of Directors. "Bey

Genworth Mourns the Death of Former Board Member William Bolinder

Genworth holding company has improved its balance sheet. Recent upgrades from ratings agencies.

Genworth Financial: Strong Balance Sheet Offers Opportunities

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth announces completion of redemption of outstanding 2024 senior notes.

Genworth Completes Redemption of Outstanding 2024 Senior Notes

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial, Inc. announced Genworth Holdings, Inc. has issued a notice of redemption for all of its outstanding 4.800% Senior Notes due 2024.

Genworth Announces Redemption of Outstanding 2024 Senior Notes

Genworth Financial is quite a complicated story, where they have a mortgage insurance business, Enact, and a life & health insurance business that is not well-liked by markets. They did a minority IPO of Enact which values Genworth's residual shareholding at more than its market cap.

Genworth Financial's L&H Insurance Business Is Valued At Less Than Zero Despite Long-Term Solvency

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Genworth Financial, Inc. (NYSE:GNW ) Q2 2022 Earnings Conference Call August 2, 2022 9:00 AM ET Company Participants Sarah Crews - Director, Investor Relations Tom McInerney - President & Chief Executive Officer Dan Sheehan - Chief Financial Officer & Chief Investment Officer Conference Call Participants Ryan Krueger - KBW Geoffrey Dunn - Dowling & Partners Operator Good morning, ladies and gentlemen, and welcome to Genworth Financial's Second Quarter 2022 Earnings Conference Call. My name is Katie, and I will be your coordinator today.

Genworth Financial, Inc. (GNW) CEO Tom McInerney on Q22022 Results - Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended June 30, 2022. The company reported net income1 of $181 million, or $0.35 per diluted share, in the second quarter of 2022, compared with net income of $240 million, or $0.47 per diluted share, in the second quarter of 2021. The company reported adjusted operating income2 of $176 million, or $0.34 per diluted share, in the second quarter of 2022, compared with adjusted operating inc

Genworth Financial Announces Second Quarter 2022 Results

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW--Genworth Financial receives two-notch rating upgrade from Moody's

Genworth Financial Receives Rating Upgrade from Moody's

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

Genworth Financial Schedules Earnings Conference Call For August 2nd

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Genworth has started returning capital to shareholders in the form of a $350m share repurchase plan. The return is just one manifestation of the solid progress Genworth has made over the last several years to secure the future for its shareholders.

Genworth Financial: Fueling Value Creation

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Genworth Financial, Inc. (NYSE:GNW ) Q1 2022 Earnings Conference Call May 4, 2022 9:00 AM ET Company Participants Sarah Crews - Director of Investor Relations Tom McInerney - President & Chief Executive Officer Dan Sheehan - Chief Financial Officer & Chief Investment Officer Conference Call Participants Ryan Gilbert - BTIG Operator Good morning, ladies and gentlemen, and welcome to Genworth Financials First Quarter 2022 Earnings Conference Call. My name is Kevin, and I will be your coordinator today.

Genworth Financial, Inc. (GNW) CEO Tom McInerney on Q1 2022 Results - Earnings Call Transcript

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial Announces First Quarter 2022 Results

Genworth Financial Announces First Quarter 2022 Results

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth Financial, Inc. (NYSE: GNW) today announced that its Board of Directors has authorized a share repurchase program under which Genworth may repurchase up to $350 million of its outstanding Class A common stock. “The Board's decision to authorize a share repurchase program reflects the company's improved financial position and commitment to our strategic priorities including delivering shareholder returns,” said Tom McInerney, Genworth's President and Chie

Genworth Financial Announces $350 Million Share Repurchase Authorization

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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial Schedules First Quarter Earnings Conference Call For May 4th

Genworth Financial Schedules Earnings Conference Call For May 4th

RICHMOND, Va.--(BUSINESS WIRE)---- $GNW #genworth--Genworth announced the election of Elaine Sarsynski to its Board of Directors, as well as current board member Debra Perry's intent to retire in May.

News for Genworth Financial Stock (GNW)