BNET Industries
Genworth Financial Inc. (GNW) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $11.1B
- Profit
- Dec 31 2007
- $1.2B
- Market Cap
- Nov 28 2008
- $628.0M
Latest News and Analysis
Genworth Financial Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. And our first question comes from the line of Ed Spehar with Merrill Lynch. Please go ahead. Edward Spehar - Merrill Lynch Thank you. I have a few questions I guess on the liquidity and capital. You've given us a lot of things to think about...
Additional Resources
Fitch Withdraws Genworth's Holding Co and Mortgage Insurance Ratings
CHICAGO -- Fitch Ratings has today withdrawn Genworth Financial, Inc.'s (NYSE: GNW) Issuer Default Rating IDR of 'A-'; Negative Outlook, as well as the Insurer Financial Strength IFS ratings and Negative Outlook of GNW's U.S., European, Mexican and Australian mortgage insurance operations see ratings below. Fitch will no longer provide...
Genworth Announces Filing for Savings and Loan Holding Company Status
RICHMOND, Va., Nov. 16 /PRNewswire-FirstCall/ -- Genworth Financial announces it has filed a savings and loan holding company application with the Office of Thrift Supervision with respect to the acquisition of InterBank fsb of Maple Grove, Minnesota. Genworth and InterBank have reached an agreement in principle, subject...
InterBank fsb Announces Agreement with Genworth Financial
MAPLE GROVE, Minn., Nov. 16 /PRNewswire/ -- InterBank fsb announced tonight that, as has been reported in the press, it has entered into an agreement in principle, subject to negotiation of a definitive agreement, with Genworth Financial, Inc., a publicly traded financial security company with assets of approximately 100...
Genworth Announces Strategic Use of Credit Lines
RICHMOND, Va., Nov. 13 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today announced it has borrowed $930 million of the $1.7 billion available to the Company, under its two revolving credit facilities that mature in 2012. The Company intends to use the borrowings along with other sources of liquidity...
Genworth Financial Names Ronald Joelson Chief Investment Officer
RICHMOND, Va., Nov. 11 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today announced that Ronald Joelson will join the company as its new chief investment officer, with responsibility for managing Genworth's nearly $70 billion investment portfolio. Joelson comes to Genworth from JP Morgan Asset Management in New York,...
A.M. Best Places Ratings of Genworth Financial Inc. and Its Subsidiaries Under Review With Negative Implications
OLDWICK, N.J. -- A.M. Best Co. has placed the financial strength rating FSR of A+ Superior and issuer credit ratings ICR of "aa-" of the key life/health insurance subsidiaries of Genworth Financial, Inc. Genworth (Richmond, VA) [NYSE: GNW] under review with negative implications. Concurrently, A.M. Best has placed the ICR...
Genworth Financial Reports Third Quarter Net Operating Income Of $0.51 Per Diluted Share-Loss From Continuing Operations of $0.60 Per Diluted Share
RICHMOND, Va., Nov. 6 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today reported a loss from continuing operations for the third quarter of 2008 of $258 million, or $0.60 per diluted share, compared with income of $339 million, or $0.76 per diluted share, in the third quarter of 2007. ...
Genworth Financial Schedules Earnings Conference Call for November 6
RICHMOND, Va., Nov. 3 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today announced it would issue its earnings release and financial supplement containing third quarter results after the market closes on Thursday, November 6, 2008 and prior to its conference call at 5 p.m. ET. At this time, the Company...
Genworth Financial Declares Dividend on Its Shares of Series A Cumulative Preferred Stock
RICHMOND, Va., Nov. 3 /PRNewswire-FirstCall/ -- The Board of Directors of Genworth Financial, Inc. today declared a quarterly dividend of $0.65625 per outstanding share of its Series A Cumulative Preferred Stock. The dividend is payable December 1, 2008 to stockholders of record as of the close of business...
Genworth U.S. Mortgage Insurance To Offer Recapture Tax Protection on HFA Loans
RALEIGH, N.C., Oct. 27 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. said today that its U.S. Mortgage Insurance division was making recapture tax protection available on all Genworth insured primary loans with participating Housing Finance Agencies HFAs. The new program covers HFA borrowers for nine years, reimbursing them...
Survey Reveals Long Term Care Key Issue for Voters in Presidential Election
LTC of Critical Concern for Baby Boomer Voters, Genworth Financial Poll Finds RICHMOND, Va., Oct. 27 /PRNewswire-FirstCall/ -- Eighty-four percent of baby boomers say the presidential candidates' positions on long term care issues and funding will be an important factor in determining how they cast their vote...
FreshDM - Fresher Than Ever
Popular direct mail on-demand system gets a facelift targeted to financial services firms. CHICAGO, Oct. 22 /PRNewswire/ -- Allegro Communications, Inc., a direct marketing creative agency and developer of FreshDM, recently announced that FreshDM has a totally new look, tailored for financial services clients like CIT and...
Tata Interactive Systems' Program Wins Bronze Brandon Hall Learning Award
MUMBAI, India, October 22 /PRNewswire/ -- - Genworth Records Management Online Course Developed by Tata Interactive Systems TIS has Been Selected for a Bronze Brandon Hall Learning Award The Records Management online course developed by Tata Interactive Systems (http://www.tatainteractive.com/), a leader in innovative learning, for Genworth Financial...
Fitch Downgrades Genworth's IDR to 'A-'; Life IFS to 'A+'; Outlook Negative
CHICAGO -- Fitch Ratings has downgraded Genworth Financial, Inc.'s (NYSE: GNW) Issuer Default Rating IDR to 'A-' from 'A+' and primary life insurance subsidiary Insurer Financial Strength IFS ratings to 'A+' from 'AA-'. The ratings are removed from Rating Watch Negative; the Rating Outlook is Negative. A full rating list...
Genworth U.S. Mortgage Insurance To Expand Homebuyer Education Program
RALEIGH, N.C., Oct. 20 /PRNewswire-FirstCall/ -- Genworth Financial's U.S. Mortgage Insurance business said today it is expanding its "Counseling Saver" pre-purchase education program to include all participating borrowers' insured loans. The program gives homebuyers improved pricing on standard mortgage insurance rates if they complete eight hours...
Andre Agassi Celebrates Longtime Supporters at 13th Grand Slam for Children at Wynn Las Vegas
Natasha Bedingfield, Sheryl Crow, The Killers, Lifehouse, Ray Romano, Rod Stewart and David Spade donate their talents to help the Andre Agassi Charitable Foundation transform education for underserved youth. LAS VEGAS, Oct. 12 /PRNewswire/ -- An economic storm. The most devastating week on Wall Street. A pivotal...
Long-term care: How does state compare?
The average rate for private rooms in assisted-living facilities in Washington state, excluding Seattle, is about $5,000 a year less than the national average and is rising much less quickly than it is nationally, according to a national survey. For most other types of long-term care, including in-home care...
Fitch Places Genworth's Life Ratings on Watch Negative
CHICAGO -- Fitch Ratings has placed Genworth Financial, Inc.'s (NYSE: GNW) primary life insurance subsidiary ratings on Rating Watch Negative. This action aligns the Rating Watch status for all Genworth ratings. The holding company and mortgage insurance companies' ratings remain on Rating Watch Negative where they were placed on June...
Genworth Financial Announces Strategic Review of U.S. Mortgage Insurance
RICHMOND, Va., Sept. 30 /PRNewswire-FirstCall/ -- Genworth Financial, Inc. today said it is examining a number of strategic alternatives regarding its U.S. Mortgage Insurance (U.S. MI) business, including a possible spin-off, to determine the optimal course for Genworth, its customers and shareholders. The company also reaffirmed its sound...
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- Incorporated: 2003
- CEO: Mr. Michael D. Fraizer
Genworth Financial is a financial security company serving the homeownership, life security, wealth management and retirement security needs. As of Dec 31 2007, Co. had three operating segments. The Retirement and Protection segment offers a variety of protection, wealth accumulation, retirement income and institutional products. The International segment provides mortgage insurance products in Canada, Australia, New Zealand, Mexico, Japan and multiple European countries. The U.S. Mortgage Insurance offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans, also known as flow mortgage insurance in the U.S.
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Genworth Financial Inc. Company Info
Board of Directors
Mr. Michael D. Fraizer
Chairman
Mr. Thomas B. Wheeler
Mr. Frank J. Borelli
Ms. Nancy J. Karch
Mr. J. Robert Kerrey
Dr. Risa Lavizzo Mourey M.D.
Mr. Saiyid T. Naqvi
Mr. James A. Parke
Mr. James S. Riepe
Mr. Barrett A. Toan
Contact Information
6620 West Broad Street
Richmond, VA
804 281-6000
NAICS Code
Direct Life Insurance Carriers: 524113Brought to you by IBM
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