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22.05.25 - 19:39
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Genworth Financial Announces Results of Annual Meeting (Business Wire)
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RICHMOND, Va.--(BUSINESS WIRE)--$GNW #genworth--Genworth Financial, Inc. (NYSE: GNW) announced the election of all ten director nominees at its 2025 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, Ramsey D. Smith, and Steven C. Van Wyk.
At the annual meeting, stockholders also approved the advisory vote on named executive officer compensation and the 2025 Omnibus Incentive Plan. In addition, stockholders ratified the selection of KPMG LLP as Genworth's independent registered public accounting firm for 2025.
In addition, stockholders approved an amendment to the Amended and Restated Certificate of Incorporation of Genworth Holdings, Inc. to remove the “Pass-Through Voting” provision. The terms of the amendment to the Amended and Restated Certificate of Incorporation of Genworth Holdings, Inc. are described in greater detail ...
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30.04.25 - 22:21
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Genworth Financial Announces First Quarter 2025 Results (Business Wire)
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Strategic Highlights
Executed $45M in share repurchases at an average price of $6.91 per share; $590M program-to-date through March 31, 2025 at an average price of $5.73 per share
Continued progress on the LTC1 multi-year rate action plan with $24M of gross incremental premium approvals; approximately $31.3B estimated net present value achieved since 2012 from in-force rate actions (IFAs)
Strong progress made towards the expansion of the CareScout Quality Network, growing coverage to 90% of the aged 65-plus census population in the United States and delivered 576 matches in the first quarter
Financial Highlights
Net income2 of $54M, or $0.13 per diluted share, and adjusted operating income2,3 of $51M, or $0.123 per diluted share
Enact reported adjusted operating income of $137M2; distributed $76M in capital returns to Genworth
U.S. life insurance companies' RBC4 ratio of 304%5 reflects higher required capital as the limited partnership portfolio grows
Genworth holding company cash and liquid assets of $2...
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10.04.25 - 22:21
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Genworth Financial Schedules Earnings Conference Call for May 1 (Business Wire)
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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing first quarter results after the market closes on April 30, 2025. A conference call will be held on May 1, 2025, at 10:00 a.m. (ET) to discuss the quarter's results.
Genworth's earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the public.
Genworth's conference call will be accessible via telephone and internet. The dial-in number for Genworth's May 1 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID #3161071. To participate in the call by webcast, register at http://investor.genworth.com. It is recommended to join the call at least 15 minutes in advance.
A replay of the webcast will be available on the company's website for one year.
Prior to Genworth's conference call, our publicly traded subsidiary Enact Holdings, ...
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19.03.25 - 21:18
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Genworth Financial Announces Election of Steven Van Wyk to Board of Directors (Business Wire)
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RICHMOND, Va.--(BUSINESS WIRE)--$GNW #genworth--Genworth Financial, Inc. (NYSE: GNW) today announced the election of a new independent director to its Board of Directors: Steven C. Van Wyk, former Group Chief Information Officer (CIO) for HSBC Bank PLC. Mr. Van Wyk's election as an independent director is effective immediately and increases the number of members on the Genworth Board of Directors to 10. He will stand for election with the other Directors at Genworth's 2025 Annual Meeting of Stockholders, scheduled for May 22, 2025.
“Steve brings deep technology, business transformation, and executive leadership expertise to the Genworth Board,” said Melina Higgins, non-executive Chair of the Genworth Board. “His perspective will be a strong addition to our continued efforts to return value to our shareholders.”
“As we work to provide best-in-class service to our existing customers, implement new AI and digital technologies, and help more families navigate the aging journey with confidence for ...
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18.02.25 - 22:54
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Genworth Financial Inc. Q4 Earnings Summary (AFX)
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WASHINGTON (dpa-AFX) - Below are the earnings highlights for Genworth Financial Inc. (GNW):Earnings: $35 million in Q4 vs. -$181 million in the same period last year. EPS: $0.01 in Q4 vs. -$0.47 i......
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18.02.25 - 22:18
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Genworth Financial Announces Fourth Quarter 2024 Results (Business Wire)
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Strategic Highlights
Expanded the CareScout Quality Network to all 50 states, covering over 86% of the aged 65-plus census population in the United States
Continued progress on the LTC1 multi-year rate action plan with $40M of gross incremental premium approvals; approximately $31.2B estimated net present value achieved since 2012 from in-force rate actions (IFAs)
Executed $51M in share repurchases in the quarter at an average price of $7.32 per share; $186M executed in 2024 at an average price of $6.52 per share; $565M in share repurchases program-to-date through February 14th at an average price of $5.69 per share
Repurchased $31M in principal of holding company debt at a discount during the quarter
Financial Highlights
Net income2 of $299M, or $0.68 per diluted share, and adjusted operating income2,3 of $273M, or $0.623 per diluted share in 2024
Net loss2 of $1M and adjusted operating income2,3 of $15M in the fourth quarter
Enact reported adjusted operating income of $137M2 in the fourth quarter; distr...
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09.01.25 - 22:18
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Genworth Financial Schedules Earnings Conference Call for February 19 (Business Wire)
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RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 18, 2025. A conference call will be held on February 19, 2025, 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 accessible via telephone and internet. The dial-in number for Genworth's February 19 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID #5461958. To participate in the call by webcast, register at http://investor.genworth.com. It is recommended to join the call at least 15 minutes in advance.
A replay of the webcast will be available on the company's website for one year.
Prior to Genworth's conference call, our publicly traded subsidiary E...
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