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Genworth Financial Inc - GNW STOCK NEWS

Welcome to our dedicated news page for Genworth Financial (Ticker: GNW), a resource for investors and traders seeking the latest updates and insights on Genworth Financial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Genworth Financial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Genworth Financial's position in the market.

News
Genworth Financial Schedules Earnings Conference Call for May 2
Rhea-AI Summary
Genworth Financial, Inc. (GNW) will release its first-quarter earnings on May 1, 2024, followed by a conference call on May 2, 2024. Enact Holdings, Inc. (ACT), Genworth's subsidiary, will also hold a conference call on the same day to discuss its first-quarter results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.49%
Tags
earnings
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News
Genworth Releases Cost of Care Survey Results for 2023: Twenty Years of Tracking Long-Term Care Costs
Rhea-AI Summary
Genworth's Cost of Care Survey 2023 reveals increasing long-term care costs due to inflation and worker shortages. Home health aide and homemaker services costs rose significantly. The survey highlights cost trends, drivers, and the importance of person-centered care in the long-term care industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
none
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News
Genworth Financial Announces Fourth Quarter 2023 Results
Rhea-AI Summary
Genworth Financial, Inc. (GNW) reported Q4 2023 results with $35M in share repurchases, $127M gross incremental premium approved, and $212M net loss. Enact generated $552M adjusted operating income. Long-Term Care Insurance progress includes $1.5B reduction in MYRAP. GAAP metrics show a net loss of $212M. Enact's adjusted operating income was $129M with a 10% loss ratio. PMIERs sufficiency ratio was 161%. Life Insurance faced an unfavorable $179M impact from annual assumption updates. Statutory pre-tax income was $148M with a 303% RBC ratio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
earnings
News
CareScout, a Genworth Company, Aims to Redefine Quality and Build Trust in Long-Term Care
Rhea-AI Summary
CareScout introduces the CareScout Quality Network, a group of long-term care providers focused on person-centered care. Providers must meet high standards and commit to person-centered care. The network includes homecare agencies and plans to expand to skilled nursing and assisted living. Genworth Life Insurance Company's customers will have preferred access to the network. CareScout aims to improve the aging experience through innovative technology and expert support.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.68%
Tags
none
-
News
Genworth Financial Schedules Earnings Conference Call for February 22
Rhea-AI Summary
Genworth Financial, Inc. (NYSE: GNW) will release its Q4 earnings on February 21, 2024, followed by a conference call on February 22, 2024, to discuss the results. Enact Holdings, Inc. (Nasdaq: ACT), Genworth's subsidiary, will also hold a conference call on February 7, 2024, to discuss its Q4 results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
earnings
-
News
Genworth Financial Announces Third Quarter 2023 Results
Rhea-AI Summary
Genworth Financial, Inc. (NYSE: GNW) reported a net income of $29 million and adjusted operating income of $42 million for the third quarter of 2023. Enact segment adjusted operating income reached $134 million, with a PMIERs1 sufficiency ratio of 162%2. The company experienced volatility in its LTC results but made progress on its multi-year rate action plan. Genworth also executed $80 million in share repurchases in the quarter and successfully completed a consent solicitation for 2034 Senior Notes, providing greater financial flexibility.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
earnings
News
Genworth Announces Completion of Bondholder Consent Solicitation
Rhea-AI Summary
Genworth Financial announces completion of consent solicitation from bondholders and amendment to Replacement Capital Covenant
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
-
News
Genworth Financial Schedules Earnings Conference Call for November 9
Rhea-AI Summary
Genworth Financial, Inc. to release Q3 results on November 8, 2023, with a conference call on November 9, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.45%
Tags
earnings
-
News
Genworth Financial Announces Second Quarter 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
earnings
News
Genworth Financial Postpones Second Quarter 2023 Earnings Release
Rhea-AI Summary
Genworth Financial, Inc. (NYSE: GNW) has announced a postponement of its financial results for the period ending June 30, 2023, and earnings conference call. The release will now be on August 8, 2023, and the conference call will be on August 9, 2023. The delay is due to the need for additional time to complete GAAP accounting for long-term care insurance legal settlements under the new standard for long duration targeted improvements (LDTI). The accounting will only impact Genworth's LTC segment and will not affect Enact's results. The settlements are expected to have a net favorable economic impact to Genworth. The company's Board and management team remain confident in the company's strategy and future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
earnings
Stock GNW logo
Genworth Financial Inc

NYSE:GNW

GNW Rankings

#1662 Ranked by Market Cap
#787 Ranked by Stock Gains
N/A Ranked by Dividends

GNW Stock Data

2.60B
433.63M
1.95%
85.79%
1.41%
Direct Life Insurance Carriers
Finance and Insurance
Link
United States
Richmond

About GNW

genworth financial, inc. is a leading insurance holding company committed to helping families achieve the dream of home ownership and address the financial challenges of aging through its leadership positions in mortgage insurance and long term care insurance. headquartered in richmond, virginia, genworth traces its roots back to 1871. our products and services are offered through financial intermediaries, advisors, independent distributors and sales specialists.