Edition:
United States

Genworth Financial Inc (GNW)

GNW on New York Consolidated

2.89USD
23 Feb 2018
Change (% chg)

$0.04 (+1.40%)
Prev Close
$2.85
Open
$2.87
Day's High
$2.91
Day's Low
$2.84
Volume
1,912,468
Avg. Vol
4,096,788
52-wk High
$4.23
52-wk Low
$2.71

Latest Key Developments (Source: Significant Developments)

Genworth Announces Launch Of Syndication Of $450 Mln Senior Secured Term Loan
Monday, 12 Feb 2018 09:00am EST 

Feb 12 (Reuters) - Genworth Financial Inc ::GENWORTH ANNOUNCES LAUNCH OF SYNDICATION OF $450 MILLION SENIOR SECURED TERM LOAN.GENWORTH FINANCIAL INC - ‍COMMENCED SYNDICATION OF A PROPOSED SENIOR SECURED TERM LOAN IN AN AGGREGATE PRINCIPAL AMOUNT OF UP TO $450 MILLION​.GENWORTH FINANCIAL - TERM LOAN ‍PROCEEDS TO BE USED, WITH CASH, TO REPAY EXISTING INDEBTEDNESS, COULD BE USED TO PAY 6.515% SENIOR NOTES DUE MAY 2018​.  Full Article

Genworth Financial Announces Q4 Earnings Per Share $0.70
Tuesday, 6 Feb 2018 04:45pm EST 

Feb 6 (Reuters) - Genworth Financial Inc ::GENWORTH FINANCIAL ANNOUNCES FOURTH QUARTER 2017 RESULTS.Q4 ADJUSTED OPERATING EARNINGS PER SHARE $0.65.Q4 EARNINGS PER SHARE $0.70.GENWORTH - QTRLY RESULTS INCLUDE NET FAVORABLE DEFERRED TAX ITEMS OF $456 MILLION DUE TO TAX REFORM, IMPROVED BUSINESS FORECASTS.GENWORTH FINANCIAL - QTRLY TOTAL REVENUES $1,686 MILLION VERSUS $2,198 MILLION.  Full Article

Genworth And Oceanwide Provide Update On Efforts To Obtain CFIUS Clearance
Thursday, 4 Jan 2018 08:00am EST 

Jan 4 (Reuters) - Genworth Financial Inc ::GENWORTH AND OCEANWIDE PROVIDE UPDATE ON EFFORTS TO OBTAIN CFIUS CLEARANCE.GENWORTH FINANCIAL INC SAYS EXTENDED MERGER AGREEMENT TO APRIL 1, 2018.  Full Article

Genworth Australia Finalizes Premium Earning Pattern
Thursday, 14 Dec 2017 05:34pm EST 

Dec 14 (Reuters) - Genworth Financial Inc ::GENWORTH AUSTRALIA FINALIZES PREMIUM EARNING PATTERN AND UPDATES FY2017 GUIDANCE.GENWORTH FINANCIAL - ‍CHANGE IN PREMIUM EARNING PATTERN DOES NOT AFFECT TOTAL AMOUNT OF REVENUE EARNED OVER TIME FROM PREMIUMS ALREADY WRITTEN​.  Full Article

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

Photo

GE faces shareholder lawsuit over insurance shortfall, SEC probe

NEW YORK General Electric Co was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and a U.S. Securities and Exchange Commission probe, saying it cost shareholders tens of billions of dollars.