Articles from Genworth Financial, Inc.

Genworth Financial, Inc. (NYSEGNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 18, 2025. A conference call will be held on February 19, 2025, at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended September 30, 2024.

Genworth Financial, Inc. (NYSEGNW) today announced it will issue its earnings release containing third quarter results after the market closes on November 6, 2024. A conference call will be held on November 7, 2024, at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended June 30, 2024.

Genworth Financial, Inc. (NYSEGNW) today announced it will issue its earnings release containing second quarter results after the market closes on July 31, 2024. A conference call will be held on August 1, 2024, at 10:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) announced the election of all nine director nominees at its 2024 annual meeting of stockholders today. The board members re-elected were G. Kent Conrad, Karen E. Dyson, Jill R. Goodman, Melina E. Higgins, Thomas J. McInerney, Howard D. Mills, III, Robert P. Restrepo Jr., Elaine A. Sarsynski, and Ramsey D. Smith.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended March 31, 2024.

Genworth Financial, Inc. (NYSEGNW) today announced it will issue its earnings release containing first quarter results after the market closes on May 1, 2024. A conference call will be held on May 2, 2024, at 9:00 a.m. (ET) to discuss the quarter’s results.

The cost of long-term care services increased across all provider types and increased more substantially for certain settings, according to Genworth’s Cost of Care Survey 2023. The most substantial cost increases occurred in home health aide and homemaker services costs. Inflation and the shortage of skilled care workers are the core drivers of increases in the costs of care services.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended December 31, 2023.

CareScout today introduced the CareScout Quality Network, a first-of-its-kind group of long-term care providers who meet high standards for quality, person-centered care.

Genworth Financial, Inc. (NYSEGNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 21, 2024. A conference call will be held on February 22, 2024, at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended September 30, 2023.

Genworth Financial, Inc., (NYSEGNW) today announced that Genworth Holdings, Inc. (“Holdings”), a directly wholly-owned subsidiary of Genworth Financial, Inc., successfully completed a consent solicitation from bondholders representing a majority in principal amount of its Senior Notes due 2034 (the “2034 Notes”) to amend the Replacement Capital Covenant, dated as of November 14, 2006 (the “RCC Amendment”) which permits Holdings to make certain repayments, redemptions or repurchases of its Fixed-to-Floating Rate Junior Subordinated Notes due 2066 (the “2066 Notes”). In connection with this transaction, Holdings repurchased $13.5 million principal amount of its 2034 Notes at prices negotiated with the noteholders below par value.

Genworth Financial, Inc. (NYSEGNW) today announced it will issue its earnings release containing third quarter results after the market closes on November 8, 2023. A conference call will be held on November 9, 2023, at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended June 30, 2023.

Genworth Financial, Inc. (NYSEGNW) today announced that it will postpone the release of its financial results for the period ending June 30, 2023 and earnings conference call, previously scheduled for August 1, 2023 and August 2, 2023, respectively. Genworth now expects to issue its second quarter earnings release after the market closes on August 8, 2023, and hold its conference call on August 9, 2023 at 9:00 a.m. (ET).

Genworth Financial, Inc. (NYSEGNW) today announced that its Board of Directors authorized the company to repurchase an additional $350 million of shares of its Class A common stock under its existing share repurchase program. As of July 31, 2023, approximately 52 million shares of Class A common stock had been acquired at an aggregate purchase price of approximately $264 million since the inception of the company’s share repurchase program in May 2022. After increasing the authorization, and as of July 31, 2023, an aggregate of approximately $436 million will be available for purchase under the program.

Genworth Financial, Inc. (NYSEGNW) today announced it would issue its earnings release containing second quarter results after the market closes on August 1, 2023. A conference call will be held on August 2, 2023 at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) announced the election of all nine director nominees at its 2023 annual meeting of stockholders today. The board members re-elected were G. Kent Conrad, Karen E. Dyson, Jill R. Goodman, Melina E. Higgins, Thomas J. McInerney, Howard D. Mills III, Robert P. Restrepo Jr., Elaine A. Sarsynski, and Ramsey D. Smith.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended March 31, 2023.

Genworth Financial, Inc. (NYSEGNW) today announced it would issue its earnings release containing first quarter results after the market closes on May 3, 2023. A conference call will be held on May 4, 2023 at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) today announced the second ratings upgrade since its fourth quarter earnings results as Moody's Investors Service (Moody's) upgraded the Genworth Holdings, Inc. backed senior unsecured debt rating to Ba1 from Ba2, signifying a one-notch upgrade. The outlook for the rating remains stable.

Genworth Financial, Inc. (NYSEGNW) today announced that S&P Global Ratings (S&P) has upgraded the Genworth Financial, Inc. and Genworth Holdings, Inc. issuer credit ratings from B+ to BB-. The outlook for the ratings is stable.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended December 31, 2022. The company reported net income2 of $175 million, or $0.35 per diluted share, in the fourth quarter of 2022, compared with net income of $163 million, or $0.32 per diluted share, in the fourth quarter of 2021. The company reported adjusted operating income3 of $167 million, or $0.33 per diluted share, in the fourth quarter of 2022, compared with adjusted operating income of $164 million, or $0.32 per diluted share, in the fourth quarter of 2021.

Genworth Financial, Inc. (NYSEGNW) today announced an update to its senior leadership structure whereby it will separate the roles of Chief Financial Officer (CFO) and Chief Investment Officer (CIO) in early March. At that time, Dan Sheehan will transition out of his current combined role of Executive Vice President, CFO and CIO. Jerome Upton will be appointed Executive Vice President and CFO, and Kelly Saltzgaber will be appointed Executive Vice President and CIO.

Genworth Financial, Inc. (NYSEGNW) today announced it would issue its earnings release containing fourth quarter results after the market closes on February 6, 2023. A conference call will be held on February 7, 2023 at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended September 30, 2022. The company reported net income2 of $104 million, or $0.20 per diluted share, in the third quarter of 2022, compared with net income of $314 million, or $0.61 per diluted share, in the third quarter of 2021. The company reported adjusted operating income3 of $159 million, or $0.31 per diluted share, in the third quarter of 2022, compared with adjusted operating income of $239 million, or $0.46 per diluted share, in the third quarter of 2021.

Genworth Financial, Inc. (NYSEGNW) today announced it would issue its earnings release containing third quarter results after the market closes on November 1, 2022. A conference call will be held on November 2, 2022 at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) is mourning the death of its former board member, William H. Bolinder, who passed away on September 29, 2022, after a long illness. He served as a member of Genworth’s Board of Directors from 2010 to 2019, including as Chair of the Nominating and Corporate Governance Committee from 2013 to 2019.

Genworth Financial, Inc. (NYSEGNW) announced today that Genworth Holdings, Inc., its direct wholly-owned subsidiary, has completed the redemption of all $152 million aggregate principal amount of its outstanding 4.800% Senior Notes due 2024 (the “Notes”). Cash used for the redemption was approximately $155 million, which included the aggregate principal amount of the Notes being redeemed, plus a make-whole premium and accrued and unpaid interest to, but excluding, the redemption date of September 21, 2022.

Genworth Financial, Inc. (NYSEGNW) announced today that Genworth Holdings, Inc., its direct wholly-owned subsidiary, has issued a notice of redemption for all of its outstanding 4.800% Senior Notes (the “Notes”) due 2024. The redemption date of the Notes will be September 21, 2022, and the redemption price of the Notes will be 100% of the principal amount plus a make-whole premium and accrued and unpaid interest to, but excluding, the redemption date.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended June 30, 2022. The company reported net income1 of $181 million, or $0.35 per diluted share, in the second quarter of 2022, compared with net income of $240 million, or $0.47 per diluted share, in the second quarter of 2021. The company reported adjusted operating income2 of $176 million, or $0.34 per diluted share, in the second quarter of 2022, compared with adjusted operating income of $194 million, or $0.38 per diluted share, in the second quarter of 2021.

Genworth Financial, Inc. (NYSEGNW) today announced that Moody's Investors Service (Moody's) has upgraded the senior unsecured debt rating of Genworth Holdings, Inc. from B1 to Ba2, signifying a two-notch upgrade. The outlook for the rating is stable.

Genworth Financial, Inc. (NYSEGNW) today announced it would issue its earnings release containing second quarter results after the market closes on August 1, 2022. A conference call will be held on August 2, 2022 at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) announced the election of all nine director nominees at its 2022 annual meeting of stockholders yesterday. The board members re-elected were G. Kent Conrad, Karen E. Dyson, Jill R. Goodman, Melina E. Higgins, Thomas J. McInerney, Howard D. Mills III, Robert P. Restrepo Jr., Elaine A. Sarsynski, and Ramsey D. Smith.

Genworth Financial, Inc. (NYSEGNW) today reported results for the quarter ended March 31, 2022. The company reported net income1 of $149 million, or $0.29 per diluted share, in the first quarter of 2022, compared with net income of $187 million, or $0.37 per diluted share, in the first quarter of 2021. The company reported adjusted operating income2 of $131 million, or $0.25 per diluted share, in the first quarter of 2022, compared with adjusted operating income of $168 million, or $0.33 per diluted share, in the first quarter of 2021.

Genworth Financial, Inc. (NYSEGNW) today announced that its Board of Directors has authorized a share repurchase program under which Genworth may repurchase up to $350 million of its outstanding Class A common stock.

Genworth Financial, Inc. (NYSEGNW) today announced it would issue its earnings release containing first quarter results after the market closes on May 3, 2022. A conference call will be held on May 4, 2022 at 9:00 a.m. (ET) to discuss the quarter’s results.

Genworth Financial, Inc. (NYSEGNW) today announced the election of a new independent director to its Board of Directors: Elaine Sarsynski, former Chairwoman, Chief Executive Officer and President of Mass Mutual International. She will stand for election with the other Directors at Genworth’s 2022 Annual Meeting of Stockholders.

Genworth Financial, Inc. (NYSEGNW) today announced that S&P Global Ratings (S&P) has upgraded the issuer credit ratings of Genworth Financial, Inc. and Genworth Holdings, Inc. to B+ from B. The outlook for the ratings remains positive.

As the national annual median cost of long-term care services increased across the board this year, in Hawaii the increase in the cost for assisted living facility care surpassed the national trend while the increase in costs for home care services was less than what was seen nationally. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in Alaska for nursing home care, with the highest medians reported, actually decreased since 2020. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

As the national annual median cost of long-term care services increased across the board this year, costs for most care services in California reflected national trends while increases in the costs for nursing home care surpassed national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of long-term care services in Utah increased year-over-year, with the increase in costs of some services surpassing national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in New Mexico increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in Idaho for nursing home care actually stayed flat or decreased since 2020, while increases in costs for home care services far surpassed national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in Colorado for nursing home care actually stayed flat since 2020, while costs for home care services surpassed national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in Arizona for nursing home care actually decreased since 2020, while costs for home care services were in line with national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of long-term care services in Wisconsin increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in Texas increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in South Dakota for assisted living facility care actually decreased since 2020. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in Oklahoma increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in Nebraska for assisted living facility care actually decreased since 2020. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in North Dakota for facility-related care services actually decreased since 2020. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in Mississippi for assisted living facility care actually decreased since 2020, while increases in costs for other care services were generally in line with national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in Missouri for assisted living facility care actually stayed flat since 2020, while increases in costs for other care services were generally in line with national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of long-term care services in Minnesota increased year-over-year, at rates that in some cases surpassed national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of long-term care services in Louisiana increased year-over-year in line with national trends as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in Kansas for facility-related care services actually decreased since 2020, while increases in costs for home care services were in line with national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in Illinois increased year-over-year in line with national trends as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in Iowa increased year-over-year, surpassing national trends in growth rates, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of long-term care services in Arkansas increased year-over-year in line with national trends as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of long-term care services in Alabama increased year-over-year in line with national trends as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

As the national annual median cost of long-term care services increased across the board this year, in West Virginia most median costs increased modestly and the reported median cost for adult day health care decreased drastically. According to Genworth’s 2021 Cost of Care Survey, West Virginia’s median home care costs ranks among the lowest while its nursing home care costs rank among the top 20%. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services.

As the national annual median cost of long-term care services increased across the board this year, in Vermont costs for assisted living facility care actually decreased since 2020, costs for home care services rose at a lower rate than those seen nationally, and costs for nursing home care increased at a higher rate than national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of long-term care services in Virginia increased year-over-year, with increases associated with some services surpassing national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in South Carolina for assisted living facility care actually decreased since 2020 and costs for home care services rose at slightly lower rate than seen in national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

As the national annual median cost of long-term care services increased across the board this year, costs in Rhode Island for home care services rose at a rate lower than seen nationally while costs associated with assisted living facilities increased at a rate that far surpassed national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of long-term care services in Pennsylvania increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in Ohio increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in New York increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in New Jersey increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

While the national annual median cost of long-term care services increased across the board this year, costs in New Hampshire for assisted living facility care actually decreased since 2020, while costs for a private room in a nursing home surpassed national trends. Nationally, labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.

The cost of most long-term care services in North Carolina increased year-over-year, reflecting national trends, as labor market shifts drove increased wages and COVID-19 intensified providers’ existing challenges to meet the increasing demand for long-term care services, according to Genworth’s 2021 Cost of Care Survey.