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Genworth Financial, Inc. - $GNW STOCK NEWS

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

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.

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.
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-0.59%
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Rhea-AI Summary
Genworth Financial has authorized the repurchase of an additional $350 million of its Class A common stock, bringing the total available for purchase under the program to approximately $436 million. The company has already acquired 52 million shares at a purchase price of $264 million since May 2022.
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-0.59%
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Rhea-AI Summary
Genworth Financial, Inc. (NYSE: GNW) will release its second quarter results on August 1, 2023, followed by a conference call on August 2, 2023. Enact Holdings, Inc. (Nasdaq: ACT), Genworth's subsidiary, will also hold a conference call on August 2, 2023 to discuss its second quarter results.
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1.08%
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Rhea-AI Summary
Genworth Financial reports Q1 2023 results with net income of $62 million and adjusted operating income of $84 million. Enact segment sees adjusted operating income of $143 million. Continued progress on long-term care insurance (LTC) multi-year rate action plan. U.S. life insurance companies' statutory pre-tax income of $192 million driving RBC ratio of 295%. Genworth executes $68 million in share repurchases in the quarter.
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Genworth Financial, Inc.

NYSE:GNW

GNW Rankings

GNW Stock Data

2.85B
433.63M
1.95%
85.79%
1.41%
Direct Life Insurance Carriers
Finance and Insurance
Link
United States of America
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.