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Genworth Financial, Inc., also called Genworth Financial, is a financial services company, which engages in the provision of insurance, wealth management, investment and financial solutions. It operates through the following segments: U.S. Read More Mortgage Insurance, Canada Mortgage Insurance, Australia Mortgage Insurance, U.S. Life Insurance, and Runoff. The U.S. Mortgage Insurance segment offers mortgage insurance products predominantly insuring prime-based, individually underwritten residential mortgage loans. The Canada Mortgage Insurance segment offers flow mortgage insurance and also provides bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk in Canada. The Australia Mortgage Insurance segment offers flow mortgage insurance and selectively provides bulk mortgage insurance that aids in the sale of mortgages to the capital markets and helps lenders manage capital and risk. The U.S. Life Insurance segment offers long-term care insurance products as well as service traditional life insurance and fixed annuity products in the United States. The Runoff segment includes the results of non-strategic products which are no longer actively sold but continue to service its existing blocks of business. Its non-strategic products primarily include variable annuity, variable life insurance, institutional, corporate-owned life insurance and other accident and health insurance products. The company was founded in1871 and is headquartered in Richmond, VA.
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Markets InsiderMar 14
Genworth and Oceanwide Extend Merger Agreement; Provide Update on Transaction with Oceanwide
RICHMOND, Va., March 14, 2019 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) and China Oceanwide Holdings Group Co. Ltd (Oceanwide) today announced they have agreed to a ninth waiver and agreement of each party's right to terminate the previously announced merger agreement. The ninth waiver and agreement extends the previous deadline of March 15, 2019 to April 30, 2019 in consideration of pending regulatory reviews. Genworth and Oceanwide continue to diligently pursue approval by Canadian regulators ...
Insurance JournalMar 13
Virginia’s Genworth Financial to Layoff About 80 Employees
A company has announced the layoff of about 80 employees, including 35 in a Virginia city. The News & Advance reported Monday that Genworth Financial announced the layoffs of 35 people in Lynchburg, Va., and 21 people in Richmond, Va. The rest are remote workers. Henrico County-based Genworth is temporarily suspending the sales of individual long-term care insurance and income Assurance Annuity products through brokerage general agencies. Instead, it’ll be distributing these products directly to consumers...
Love or Hate: Genworth Financial Inc (NYSE: GNW)
Genworth Financial Inc is part of the insurance industry and is part of the financial services sector. The company CEO is Thomas J. McInerney. Genworth Financial Inc is a insurance holding company which operates in mortgage insurance and long-term care insurance. Its products include long-term care insurance, life insurance and fixed annuities businesses and others. Previous Intraday Trading Performance: The GNW stock showed a previous change of 5.28% with an open at 3.61 and a close of 3.79. It reached a...
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