GENWORTH FINANCIAL INC overview

Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended June 30, 2023. “Enact continues to perform well and has increased its planned capital return to Genworth and other shareholders. Based on strong free cash flow, the Genworth Board increased the share repurchase authorization by $350 million. ” – Tom McInerney, President & CEO Consolidated Metrics Q2 2023 Q1 2023 Q2 2022 (Amounts in millions, except per share data) Net income 5 $ 137 $ 122 $ 159 Earnings per...

Genworth Financial, Inc. (NYSE: GNW) today announced that it will postpone the release of its financial results for the period ending June 30, 2023 and earnings conference call, previously scheduled for August 1, 2023 and August 2, 2023, respectively. Genworth now expects to issue its second quarter earnings release after the market closes on August 8, 2023, and hold its conference call on August 9, 2023 at 9:00 a.m. (ET). Genworth requires additional time to complete its GAAP accounting for...

Genworth Financial, Inc. (NYSE: GNW) today announced that its Board of Directors authorized the company to repurchase an additional $350 million of shares of its Class A common stock under its existing share repurchase program. As of July 31, 2023, approximately 52 million shares of Class A common stock had been acquired at an aggregate purchase price of approximately $264 million since the inception of the company’s share repurchase program in May 2022. After increasing the authorization, and...

Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing second quarter results after the market closes on August 1, 2023. A conference call will be held on August 2, 2023 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’s conference call...

Genworth Financial, Inc. (NYSE: GNW) announced the election of all nine director nominees at its 2023 annual meeting of stockholders today. The board members re-elected were G. Kent Conrad, Karen E. Dyson, Jill R. Goodman, Melina E. Higgins, Thomas J. McInerney, Howard D. Mills III, Robert P. Restrepo Jr., Elaine A. Sarsynski, and Ramsey D. Smith. At the annual meeting, stockholders also approved the advisory vote on named executive officer compensation and approved future advisory votes on...

Genworth Financial, Inc. (NYSE: GNW) today reported results for the quarter ended March 31, 2023. “I am pleased with our performance as we continue to execute our strategy. Genworth’s recent achievements enable us to further refine our priorities to maximize long-term shareholder value by allocating capital from Enact, launching our CareScout services business, and stabilizing LTC through our multi-year rate action plan. As we continue to execute on our priorities, we will be well-positioned...

Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing first quarter results after the market closes on May 3, 2023. A conference call will be held on May 4, 2023 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’s conference call will be...

Genworth Financial, Inc. (NYSE: GNW) today announced the second ratings upgrade since its fourth quarter earnings results as Moody's Investors Service (Moody's) upgraded the Genworth Holdings, Inc. backed senior unsecured debt rating to Ba1 from Ba2, signifying a one-notch upgrade. The outlook for the rating remains stable. “We are pleased with this upgrade from Moody’s, as it further underscores our progress in improving Genworth’s financial position,” said Tom McInerney, Genworth...