Last $125.00 MXN
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genworth financial inc-cl a (GNW*) Snapshot

Open
$129.50
Previous Close
$125.00
Day High
$129.50
Day Low
$125.00
52 Week High
04/3/14 - $242.00
52 Week Low
11/7/14 - $109.00
Market Cap
62.1B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
496.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for GENWORTH FINANCIAL INC-CL A (GNW*)

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genworth financial inc-cl a (GNW*) Details

Genworth Financial, Inc., a financial services company, provides insurance, investment, and financial solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments. The U.S. Life Insurance segment offers and manages various life insurance, long-term care insurance, and fixed annuity products. The International Mortgage Insurance segment provides mortgage insurance products and related services in Canada and Australia, as well as participates in select European and other countries. Its products insure prime-based, individually underwritten residential mortgage loans, also known as flow mortgage insurance. The U.S. Mortgage Insurance segment offers mortgage insurance products primarily insuring prime-based, individually underwritten residential mortgage loans. The International Protection segment provides payment protection coverages in various European countries. Its lifestyle protection insurance products primarily help consumers meet specified payment obligations should they become unable to pay due to accident, illness, involuntary unemployment, disability, or death. The Runoff segment covers non-strategic products, which primarily include variable annuity, variable life insurance, institutional, corporate-owned life insurance, and accident and health insurance products. This segment’s institutional products consist of funding agreements, funding agreements backing notes, and guaranteed investment contracts. It distributes its products and services through financial intermediaries, advisors, independent distributors, affinity groups, and dedicated sales specialists. Genworth Financial, Inc. was founded in 2003 and is headquartered in Richmond, Virginia.

Founded in 2003

genworth financial inc-cl a (GNW*) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $973.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $808.4K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $586.6K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $514.5K
Executive Officer
Total Annual Compensation: $622.2K
Compensation as of Fiscal Year 2013.

genworth financial inc-cl a (GNW*) Key Developments

Genworth Financial, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charge for the Fourth Quarter of 2014

Genworth Financial, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenues of $2,424 million compared to $2,412 million a year ago. Loss from continuing operations before income taxes was $923 million compared to income from continuing operations before income taxes of $315 million a year ago. Loss from continuing operations was $708 million compared to income from continuing operations of $245 million a year ago. Net loss available to the company’s common stockholders was $760 million compared to net income available to the company’s common stockholders of $208 million a year ago. Basic and diluted loss per share was $1.53 compared to diluted income per share of $0.41 a year ago. Net operating loss was $416 million compared to net operating income of $193 million a year ago. Book value per common share was $30.04 compared to $29.08 a year ago. GAAP basis ROE was negative at 28.0% compared to ROE of 7.1% a year ago. Loss from continuing operations available to the company’s common stockholders per basic and diluted common share was $1.53 against $0.42 a year ago. For the full year, the company reported total revenues of $9,565 million compared to $9,403 million a year ago. Loss from continuing operations before income taxes was $1,276 million compared to income from continuing operations before income taxes of $1,050 million a year ago. Loss from continuing operations was $1,048 million compared to income from continuing operations of $726 million a year ago. Net loss available to the company’s common stockholders was $1,244 million compared to net income available to the company’s common stockholders of $560 million a year ago. Basic and diluted loss per share was $2.51 compared to diluted income per share of $1.12 a year ago. Net operating loss was $381 million compared to net operating income of $616 million a year ago. GAAP basis ROE was negative at 10.8% compared to ROE of 4.8% a year ago. For the quarter, the company reported goodwill impairment of $299 million.

Genworth Financial To Sell Lifestyle Protection Insurance

Genworth Financial, Inc. (NYSE:GNW) plans to sell its lifestyle protection insurance business. In connection with the plans of sale, Genworth completed an internal debt restructuring recognizing tax benefits of $108 million in the fourth quarter of 2014.

Genworth Financial, Inc. Announces Executive Changes

As previously reported, on December 16, 2014, Leon E. Roday, 60, the Executive Vice President, General Counsel and Secretary of Genworth Financial, Inc., notified the Company that he intended to retire from the Company during the first quarter of 2015, after more than 18 years of service to the Company and its predecessors. The company and Mr. Roday have worked together to plan for the orderly transition of his role and responsibilities in connection with his retirement, including the expectation that Mr. Roday will continue to serve as a Company-designated director of Genworth MI Canada Inc., Genworth Mortgage Insurance Australia Limited, Financial Insurance Company Limited and Financial Assurance Company Limited for at least an additional year after his retirement. In connection with the transition of Mr. Roday’s role, on January 26, 2015, Mr. Roday resigned as Executive Vice President, General Counsel and Secretary of the Company, and Ward E. Bobitz was appointed as Executive Vice President and General Counsel of the Company to replace Mr. Roday. Mr. Bobitz, who has most recently served as the Company’s Vice President and Deputy General Counsel – Regulatory, Transactions, and Litigation, has over 17 years of experience with the Company and its predecessors, serving in various management and legal capacities. Mr. Roday will remain as an employee of the company until the end of February 2015, to facilitate the transition.

 

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