News & Videos - GENWORTH FINANCIAL INC - Page 5

Genworth Announces Amendment of Registration Statement for Proposed Initial Public Offering by Enact PR Newswire RICHMOND, Va., Sept. 13, 2021 RICHMOND, Va. , Sept. 13, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) today announced that its wholly owned subsidiary, Enact Holdings, Inc. (Enact), has amended its registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the SEC) in connection with its proposed initial public offering. In...

AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term ICR of “bb+” (Fair) of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA). The outlook of the FSR is stable. Concurrently, AM Best has affirmed the FSR of C++ (Marginal) and the Long-Term ICRs of “b” (Marginal) of Genworth Life Insurance Company (GLIC) (Wilmington, DE) and Genworth...

Genworth Financial Announces Second Quarter 2021 Results Second Quarter Net Income Of $240 Million And Adjusted Operating Income Of $194 Million PR Newswire RICHMOND, Va., Aug. 3, 2021 RICHMOND, Va. , Aug. 3, 2021 /PRNewswire/ -- Continued Progress On Company's Strategic Objectives With Strong Second Quarter Earnings, Preparations For An Initial Public Offering (IPO) Of Minority Interest In Enact 1 And Holding Company Debt Reduction Enact Adjusted Operating Income Of $135 Million From Favorable...

Genworth Financial Schedules Earnings Conference Call For August 4th PR Newswire RICHMOND, Va., July 13, 2021 RICHMOND, Va. , July 13, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing second quarter results after the market closes on August 3 , 2021. A conference call will be held on August 4, 2021 at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release and second quarter financial supplement will be...

Genworth Financial Releases Monthly Operating Statistics for Enact Holdings, Inc. PR Newswire RICHMOND, Va., June 10, 2021 RICHMOND, Va. , June 10, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today released monthly operating statistics related to credit performance of the mortgage insurance portfolio for Enact Holdings, Inc. (Enact), its wholly-owned subsidiary formerly known as Genworth Mortgage Holdings, Inc., for the months of April and May 2021 . The information includes total...

Genworth Financial Announces Results of Annual Meeting PR Newswire RICHMOND, Va., May 20, 2021 RICHMOND, Va. , May 20, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced the election of all nine directors nominated at its 2021 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 , Debra J. Perry , Robert P. Restrepo Jr. and Ramsey D. Smith ....

Genworth Financial Postpones Planned IPO of Enact PR Newswire RICHMOND, Va., May 13, 2021 RICHMOND, Va. , May 13, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth) today announced that it has postponed the previously announced initial public offering (IPO) of its subsidiary, Enact Holdings, Inc. (Enact). "In light of the recent significant trading volatility in the mortgage insurance (MI) sector, Genworth's Board of Directors determined that current market pricing for the...

Genworth Financial Announces First Quarter 2021 Results PR Newswire RICHMOND, Va., April 29, 2021 RICHMOND, Va. , April 29, 2021 /PRNewswire/ -- First Quarter Net Income Of $187 Million And Adjusted Operating Income Of $168 Million Executing On The Company's Strategic Plan Following The Termination Of The Merger Agreement With China Oceanwide Holdings Group Co., Ltd (Oceanwide) Completed Sale Of Genworth's Interest In Genworth Mortgage Insurance Australia Limited (Genworth Australia) During The...

Genpact Set to Join S&P MidCap 400; Unitil & Genworth Financial to Join S&P SmallCap 600 PR Newswire NEW YORK, April 27, 2021 NEW YORK , April 27, 2021 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 effective prior to the opening of trading on Monday, May 3 : Genpact Limited (NYSE:G) will replace Genworth Financial Inc. (NYSE:GNW) in the S&P MidCap 400, and Genworth Financial will replace Glu Mobile Inc. (NASD:GLUU) in the S&P...

Genworth Announces Filing of Registration Statement for Proposed Initial Public Offering by its U.S. Mortgage Insurance Business PR Newswire RICHMOND, Va., April 19, 2021 RICHMOND, Va. , April 19, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) today announced that its wholly owned subsidiary, Genworth Mortgage Holdings, Inc. (GMHI), has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the SEC) in connection with the...

Genworth Financial Schedules Earnings Conference Call For April 30th PR Newswire RICHMOND, Va., April 15, 2021 RICHMOND, Va. , April 15, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing first quarter results after the market closes on April 29 , 2021. A conference call will be held on April 30, 2021 at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release and first quarter financial supplement will be...

Genworth Announces Termination of Merger Agreement with Oceanwide PR Newswire RICHMOND, Va., April 6, 2021 RICHMOND, Va. , April 6, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) today announced that it has exercised its right to terminate its merger agreement with China Oceanwide Holdings Group Co., Ltd. (Oceanwide) as of April 6, 2021 . Terminating the agreement allows Genworth to pursue its revised strategic plan without restrictions and without uncertainty...

Genworth Financial Announces Election of Three New Independent Directors PR Newswire RICHMOND, Va., March 25, 2021 RICHMOND, Va. , March 25, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced the election of three new independent directors to its Board of Directors: Jill R. Goodman , Managing Director at Foros Advisors LLC; Howard D. Mills, III , former Superintendent of the New York Insurance Department; and Ramsey Smith , Founder and CEO of ALEX.fyi. These additions,...

Genworth Financial Announces Sale of Its Interest in Genworth Mortgage Insurance Australia Limited PR Newswire RICHMOND, Va., Feb. 28, 2021 RICHMOND, Va. , Feb. 28, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced that its wholly owned subsidiaries Genworth Financial International Holdings, LLC and Genworth Holdings, Inc. (as partners) (together, "Genworth") have sold, through an underwritten agreement, approximately 214.3 million shares in Genworth Mortgage Insurance...

Genworth Financial Announces Fourth Quarter 2020 Results PR Newswire RICHMOND, Va., Feb. 16, 2021 RICHMOND, Va. , Feb. 16, 2021 /PRNewswire/ -- Fourth Quarter Net Income Of $267 Million And Adjusted Operating Income Of $173 Million ; 2020 Full Year Net Income Of $178 Million And Adjusted Operating Income Of $317 Million U.S. Mortgage Insurance (MI) 2020 Full Year Adjusted Operating Income Of $381 Million ; Record New Insurance Written (NIW) U.S. MI's PMIERs 1 Sufficiency Ratio Estimated At 137...

Genworth Financial Schedules Earnings Conference Call For February 17th PR Newswire RICHMOND, Va., Feb. 2, 2021 RICHMOND, Va. , Feb. 2, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced it would issue its earnings release containing fourth quarter results after the market closes on February 16 , 2021. A conference call will be held on February 17, 2021 at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release and fourth quarter financial supplement...

Genworth Financial Schedules Special Topics Call For January 5th PR Newswire RICHMOND, Va., Jan. 4, 2021 RICHMOND, Va. , Jan. 4, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) today announced it will hold a special topics call on January 5, 2021 at 8:00 a.m. (ET) with Genworth's President and CEO Tom McInerney to discuss the Company's recent transaction update with Oceanwide and its efforts to advance the remaining steps of its contingency plan. Genworth's call will be accessible via...

Genworth And Oceanwide Provide Transaction Update; Genworth To Focus on Contingency Plan PR Newswire RICHMOND, Va., Jan. 4, 2021 RICHMOND, Va. , Jan. 4, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today provided an update on their pending transaction. Given uncertainty around the completion and timing of the remaining steps required to close the transaction, Genworth and Oceanwide have not extended the...

Genworth Financial Announces Results of Annual Meeting PR Newswire RICHMOND, Va., Dec. 10, 2020 RICHMOND, Va. , Dec. 10, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced the election of all nine directors nominated at its 2020 annual meeting of stockholders today. The board members re-elected were G. Kent Conrad , Melina E. Higgins , Thomas J. McInerney , David M. Moffett , Thomas E. Moloney , Debra J. Perry , Robert P. Restrepo Jr. and James S. Riepe , while Karen E. Dyson...

Genworth and Oceanwide Announce NDRC Re-Approval of Transaction PR Newswire RICHMOND, Va. and BEIJING, Nov. 30, 2020 RICHMOND, Va. and BEIJING , Nov. 30, 2020 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) announced that their transaction has received confirmation of the extension of the acceptance of filing from the National Development and Reform Commission (NDRC) in China. With NDRC's re-approval, Oceanwide will now move forward...