Genworth Financial (GNW) Stock News

Genworth (GNW) introduced a new Family Caregiver Benefit that allows eligible long-term care insurance policyholders in certain states to use coverage for qualified care provided by family members. The benefit is accessed through a voluntary coverage election, under which policyholders may modify certain policy features in exchange for using benefits when family members deliver care. When qualified care is provided, the benefit can pay up to 75% of the median hourly cost for non-medical care, based on the current annual CareScout Cost of Care Survey. The program is expected to roll out state by state following regulatory approvals.

Genworth Financial (GNW) issued a response on September 15, 2026 to a UK Court of Appeal ruling in AXA’s case against Santander over historic Payment Protection Insurance (PPI) liabilities.

The Court of Appeal granted Santander’s appeal, setting aside most of the trial court’s judgment that had favored AXA on its indemnity claim, and rejected AXA’s appeal on a contribution claim. The judgment results in Santander being found not liable for the vast majority of AXA’s losses linked to historic PPI mis-selling complaints. Genworth’s CEO Tom McInerney said the company is reviewing the decision and working with AXA to consider next steps, including possible further appeals. He added that no recoveries from this case had been included in Genworth’s capital allocation plans, and emphasized continued focus on Enact, CareScout growth, and maintaining self-sustainability in the Closed Block.

Genworth Financial (GNW) expanded its existing share repurchase program by an additional $500 million as approved by its Board of Directors.

As of September 1, 2026, about 30 million shares had been repurchased for approximately $262 million under the prior $350 million authorization, leaving about $88 million available. The expansion increases total authorization to $850 million. Repurchases are expected to be funded from current holding company cash and future cash flows from Genworth’s ownership in Enact Holdings. The program has no expiration date and may be carried out via open-market or privately negotiated transactions, including Rule 10b5-1 plans, subject to market conditions and other factors.

Caregiver Action Network (CAN) and CareScout announced a partnership to expand support for America’s family caregivers by connecting them with planning resources, care navigation support and trusted aging care guidance. The collaboration will integrate CareScout’s tools across CAN’s ecosystem, including the National Caregiver Help Desk, webinars, newsletters, digital tools and awareness campaigns.

CAN members will receive discounted CareScout Care Plans, which are personalized nurse-led assessments of current and future care needs, plus access to CareScout’s navigation resources and Quality Network to find local support options. As an early initiative, CAN and CareScout will co-host a free long-term care planning webinar on October 1, 2026.

CareScout (NYSE:GNW) launched its first worksite long-term care insurance solution, giving employers a new benefit to support employees facing caregiving responsibilities and future care needs. The product combines long-term care insurance coverage with immediate access to care planning, navigation and caregiving support, rather than only activating at a future care event.

Key features include flexible plan designs (voluntary, employer-paid, or employer-contribution), availability for employers with as few as 10 employees, multiple underwriting options, and eligibility for employees’ spouses, partners and extended family. Policyholders can access the CareScout Quality Network of vetted home-care providers with preferred pricing, plus care coordination and navigation support, subject to state approvals.

Genworth Financial (NYSE: GNW) reported Q2 2026 net income of $47 million, or $0.12 per diluted share, and adjusted operating income excluding Closed Block of $112 million, or $0.29 per diluted share. Results were led by majority-owned Enact Holdings (Nasdaq: ACT), which delivered adjusted operating income of $143 million.

Enact’s primary new insurance written reached $15.2 billion, up 19% versus Q1 and 15% year-over-year, with a loss ratio of 14% and a PMIERs sufficiency ratio of 161%, or $1.894 billion above requirements. Genworth’s legacy insurance companies reported a consolidated RBC ratio of 286%.

Genworth ended the quarter with $215 million of holding company cash and liquid assets and received $103 million of capital returns from Enact. The company repurchased $62 million of shares in Q2 and $918 million since program inception through June 30, 2026. Closed Block adjusted operating loss widened to $110 million, driven by a $127 million pre-tax actual-to-expected loss in long-term care.

Genworth Financial (NYSE: GNW) will release its Q2 2026 earnings after market close on August 5, 2026, and host an earnings conference call on August 6 at 10:00 a.m. ET.

Subsidiary Enact Holdings (Nasdaq: ACT) will hold its own Q2 2026 call earlier that day at 8:00 a.m. ET.

Genworth Financial (NYSE:ACT) announced that President & CEO Tom McInerney will take a temporary leave of absence to focus on his health. CFO Jerome Upton has been appointed Interim President & CEO, effective immediately.

Upton has been with Genworth and its predecessors since 1998 and has served as CFO since March 2023.

TheKey and CareScout announced that their national home care partnership has helped more than 500 families begin receiving in-home care, signaling rising demand for person-centered aging support.

TheKey participates in the CareScout Quality Network, which meets rigorous quality standards and currently reaches over 97% of the United States.