genworth financial inc-cl a (GNW) Key Developments
Genworth Financial, Inc. Provides Earnings Guidance for the Third Quarter of 2015
Sep 30 15
Genworth Financial, Inc. provided earnings guidance for the third quarter of 2015. The company expects to record an after-tax GAAP loss of approximately $275 to $325 million in the third quarter of 2015 primarily related to the write-off of deferred acquisition costs associated with the term life insurance blocks being sold.
Genworth Financial, Inc. Presents at The 21st Annual ABS East Conference 2015, Sep-16-2015 through Sep-18-2015
Sep 4 15
Genworth Financial, Inc. Presents at The 21st Annual ABS East Conference 2015, Sep-16-2015 through Sep-18-2015. Venue: Fontainebleau Miami Beach, 4441 Collins Avenue, Miami Beach, FL 33140, United States. Presentation Date & Speakers: Sep-16-2015, Dan Thakkar, Managing Director. Sep-17-2015, Kris Harihara, Managing Director Structured Finance Research.
Genworth To Reportedly Sell Mortgage Insurance
Aug 10 15
Genworth Financial, Inc. (NYSE:GNW) intends to sell Genworth Mortgage Insurance Australia Limited (ASX:GMA). The Australian reported that Genworth Financial is considering selling its current stake of approximately 50% in Genworth Mortgage. Genworth Financial shares moved from $4.81 to $14.32.
Genworth Says Will Not Sell Entire Life And Annuity Business
Aug 5 15
Genworth Financial, Inc. (NYSE:GNW) will probably not sell entire life and annuity busines. The insurer may instead seek buyers for blocks of life contracts. Tom McInerney, Chief Executive Officer of Genworth said he’d look to find buyers for blocks of life insurance and said the company is also reviewing its stake in an Australia business.
Genworth Financial, Inc. Announces Consolidated Earnings Results for the Second Quarter Ended June 30, 2015
Aug 4 15
Genworth Financial, Inc. announced consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company's total revenues were $2,157 million compared with $2,194 million a year ago. The company reported a net loss available to the company's common stockholders of $193 million, or $0.39 per diluted share, compared with net income of $176 million, or $0.35 per diluted share, in the second quarter of 2014. Net operating income for the quarter was $119 million, or $0.24 per diluted share, compared with net operating income of $154 million, or $0.31 per diluted share, in the second quarter of 2014. Income from continuing operations before income taxes was $245 million compared with $308 million a year ago. Income from continuing operations was $175 million or $0.24 per diluted share compared with $224 million or $0.34 per diluted share a year ago. As on June 30, 2015, the company’s book value per share was $27.52.