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Genworth Financial Inc (GNW.N)

GNW.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Genworth And Oceanwide Extend Merger Agreement
Wednesday, 29 Nov 2017 04:15pm EST 

Nov 29 (Reuters) - Oceanwide Holdings Co Ltd <000046.SZ>::GENWORTH AND OCEANWIDE EXTEND MERGER AGREEMENT.GENWORTH FINANCIAL - CO, CHINA OCEANWIDE HOLDINGS AGREED TO SECOND WAIVER AND AGREEMENT OF EACH PARTY'S RIGHT TO TERMINATE MERGER.GENWORTH FINANCIAL INC - SECOND WAIVER AND AGREEMENT EXTENDS PREVIOUS DEADLINE OF NOV. 30, 2017, TO APRIL 1, 2018.GENWORTH - COS PROGRESSING IN DISCUSSIONS WITH U.S. THIRD-PARTY SERVICE PROVIDER ON MITIGATION APPROACHES, WHICH JUSTIFIED AGREEMENT EXTENSION.GENWORTH - COS EXPECT TO REFILE JOINT VOLUNTARY NOTICE WITH CFIUS IN NEAR TERM.GENWORTH - BOARD CONTINUES TO BELIEVE DEAL WITH OCEANWIDE IS BEST OPTION FOR SHAREHOLDERS & OTHER STAKEHOLDERS.  Full Article

Genworth Financial Q3 earnings per share $0.21
Thursday, 2 Nov 2017 05:10pm EDT 

Nov 2 (Reuters) - Genworth Financial Inc : :Genworth Financial announces third quarter 2017 results.Q3 adjusted operating earnings per share $0.15.Q3 earnings per share $0.21.Q3 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Genworth Financial Inc - ‍net investment income was $797 million in quarter, down from $801 million in prior quarter and $805 million in prior year​.Genworth - ‍currently reviewing potential refinancing options to address upcoming debt maturities in event deal with oceanwide cannot be completed.Genworth Financial Inc qtrly ‍total revenues of $2,215 million versus $2,150​ million.Genworth Financial Inc - ‍book value per share $26.19 at quarter-end versus $29.84​ at end of q3 2016.  Full Article

South Carolina and Vermont regulators approve acquisition
Monday, 9 Oct 2017 08:00am EDT 

Oct 9 (Reuters) - Genworth Financial Inc :South Carolina and Vermont regulators approve proposed Oceanwide acquisition of Genworth's domiciled insurance companies.  Full Article

North Carolina regulator approves proposed Oceanwide acquisition of Genworth's NC-domiciled insurance companies
Wednesday, 4 Oct 2017 04:15pm EDT 

Oct 4 (Reuters) - Genworth Financial Inc :North Carolina regulator approves proposed Oceanwide acquisition of Genworth's NC-domiciled insurance companies.  Full Article

Virginia regulator approves proposed Oceanwide acquisition of Genworth's Virginia-domiciled insurance companies
Thursday, 14 Sep 2017 04:16pm EDT 

Sept 14 (Reuters) - Genworth Financial Inc :Virginia regulator approves proposed Oceanwide acquisition of Genworth's Virginia-domiciled insurance companies.Genworth Financial Inc - ‍Co, China Oceanwide Holdings Group says Virginia state corporation commission approved proposed acquisition​.  Full Article

Genworth Financial Q2 adj operating EPS $0.30
Tuesday, 1 Aug 2017 06:09pm EDT 

Aug 1 (Reuters) - Genworth Financial Inc ::Genworth Financial announces second quarter 2017 results.Q2 adjusted operating earnings per share $0.30.Q2 earnings per share $0.40.Q2 earnings per share view $0.24 -- Thomson Reuters I/B/E/S.Genworth Financial Inc book value per share $ $26.08 at Q2 2017 end versus $30.37 at q2 2016 end.Genworth Financial Inc - qtrly total revenues $2,223 ‍​ million versus $2,236 million.Genworth Financial - net investment income was $801 million in quarter, up from $790 million in the prior quarter and $779 million in the prior year‍​.Genworth Financial - qtrly U.S. Mortgage insurance reported adjusted operating income $91 million, versus $73 million in the prior quarter,$61 million in prior year‍​.  Full Article

Genworth Financial announces first quarter 2017 results
Tuesday, 2 May 2017 05:10pm EDT 

May 3 (Reuters) - Genworth Financial Inc ::Genworth Financial announces first quarter 2017 results.Q1 adjusted operating earnings per share $0.29.Q1 earnings per share $0.31.Q1 earnings per share view $0.23 -- Thomson Reuters I/B/E/S.Says net investment income was $790 million in quarter, up from $786 million in prior quarter and up from $789 million in prior year.Says qtrly revenue $2,171 million versus $1,785 million last year.Says U.S. mortgage insurance reported adjusted operating income of $73 million for Q1, compared with $61 million in both prior quarter and prior year.Says book value per share for three months ended March 31, 2017 was $25.68.Says Genworth and Oceanwide engaged with relevant regulators regarding pending applications and continue to target closing transaction in middle of 2017.  Full Article

Genworth and Oceanwide provide update on CFIUS application
Friday, 28 Apr 2017 04:15pm EDT 

April 28 (Reuters) - Genworth Financial Inc -:Genworth and Oceanwide provide update on CFIUS application.Genworth Financial - co, china oceanwide holdings group have withdrawn and re-filed their joint voluntary notice to cfius.Genworth and Oceanwide continue to target closing proposed merger between the cos in middle of 2017.Genworth Financial-withdrawn and re-filed notice to permit more time for review, discussion with cfius in connection with proposed merger between co,oceanwide.  Full Article

Genworth Financial says stockholders adopted deal with China Oceanwide Holdings Group
Tuesday, 7 Mar 2017 11:47am EST 

Genworth Financial Inc : Stockholders adopted previously announced merger agreement with China Oceanwide Holdings Group .About 96 percent of votes cast were voted in favor of merger agreement with China Oceanwide Holdings Group Co.  Full Article

Genworth Financial announces Q4 2016 results
Tuesday, 7 Feb 2017 05:07pm EST 

Genworth Financial Inc : Genworth Financial announces fourth quarter 2016 results . Q4 adjusted operating loss per share $0.27 . Q4 loss per share $0.25 . Q4 earnings per share view $0.20 -- Thomson Reuters I/B/E/S . Genworth Financial Inc says Genworth and China Oceanwide continue to expect transaction to close by mid-2017 . Genworth Financial Inc qtrly total revenues $2,198 million versus $2,156 million . Genworth Financial Inc - Book value per common share $25.37 at Q4 end versus $29.84 at Q3 end . Genworth Financial Inc - Net investment income was $786 million in quarter, down from $805 million in prior quarter . Q4 revenue view $2.13 billion -- Thomson Reuters I/B/E/S .Genworth Financial Inc - Qtrly U.S. mortgage insurance segment adjusted operating income $61 million versus $41 million a year ago.  Full Article

China Oceanwide, Genworth Financial extend $2.7 billion merger deadline

NEW YORK The closing deadline for China Oceanwide Holdings Group Co's proposed purchase of Genworth Financial Inc has been extended for a second time, to April 1, to allow them to satisfy a U.S. review on foreign takeovers, they said on Wednesday.