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Genworth Financial Inc

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  • Genworth Financial: Still offers new policies. Carries top credit rating from Moody's Investors Service. MetLife Insurance: Once one of the larger players in the business, but it began pulling out four years ago.

  • Earnings for life insurers slid 11 percent in the most recent quarter, according to Moody's Investors Service, and long-term care was the chief culprit. Four of the five largest providers— including Manulife and MetLife— have either scaled back their business or stopped selling new policies, according to Moody's. The largest provider, Genworth Financial,...

  • March 2- Life and mortgage insurer Genworth Financial Inc said it identified "material weakness" in its control over financial reporting, due to which it failed to spot a $44 million after-tax calculation error. Genworth said it failed to correctly implement changes to one of its methodologies as part of its long-term care insurance claim reserves review...

  • March 2- Life and mortgage insurer Genworth Financial Inc said it identified "material weakness" in its control over financial reporting, due to which it failed to spot a $44 million after-tax calculation error. Genworth said it failed to correctly implement changes to one of its methodologies as part of its long-term care insurance claim reserves review in...

  • Feb 10- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • REFILE-Genworth Financial posts quarterly loss (Feb 10) Wednesday, 11 Feb 2015 | 8:46 AM ET

    Net loss attributable to common shareholders in the fourth quarter ended Dec. 31 was $760 million, or $1.53 per share, compared with a profit of $208 million, or 41 cents per share, a year earlier.

  • Feb 9- Genworth Financial Inc reported a bigger-than-expected quarterly loss as the U.S. life and mortgage insurer took an after-tax charge of $478 million related to long-term care policies it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • UPDATE 1-Genworth Financial loss exceeds estimates Tuesday, 10 Feb 2015 | 5:58 PM ET

    Feb 9- Genworth Financial Inc reported a quarterly loss much bigger than market estimates as it took an after-tax charge of $478 million related to long-term care active life blocks it bought before 1996.. Genworth said it was carrying out a restructuring plan targeting more than $100 million in pre-tax cash savings over the next two years.

  • Genworth Financial posts quarterly loss Tuesday, 10 Feb 2015 | 5:13 PM ET

    Net loss attributable to common shareholders in the fourth quarter ended Dec. 31 was $760 million, or $1.53 per share, compared with a profit of $208 million, or 41 cents per share, a year earlier.

  • Nov 6- Genworth Financial Inc lost more than a third of its market value after the life and mortgage insurer said a turnaround in its long-term care business would take longer than expected and posted a surprise quarterly loss. Shares of Genworth, the largest long-term care insurer in the United States, fell as much as 38 percent, wiping out about $2.7 billion of...

  • US STOCKS-Dow, S&P hit records in volatile trading Thursday, 6 Nov 2014 | 12:52 PM ET

    *Genworth and Qualcomm slump following results. *Whole Foods rallies in bright spot for market. NEW YORK, Nov 6- U.S. stocks edged up in a volatile session on Thursday as an indication that Europe would step in with additional stimulus in the case of weak economic conditions boosted cyclical shares, though some lackluster tech results kept a lid on gains.

  • Genworth, Qualcomm both slump following results. *Whole Foods rallies in bright spot for market. NEW YORK, Nov 6- U.S. stocks rose slightly in a volatile session on Thursday, with investors cheered that Europe would step in with more stimulus if needed, though continued weakness in energy shares and some lackluster results kept a lid on gains.

  • Nov 6- Life and mortgage insurer Genworth Financial Inc said it would suspend dividends in its life business until the end of next year, and that it was open to all strategic options. Genworth shares fell as much as 38 percent on Thursday, wiping out about $2.7 billion of the company's market value. Genworth, spun off from General Electric Co a decade ago, had years ago...

  • *Genworth, Qualcomm both slump following results. *Whole Foods rallies in bright spot for market. Occidental Petroleum lost 1 percent to $85.60 on Thursday while Halliburton Co was off 1.6 percent to $51.51.

  • Nov 6- Life and mortgage insurer Genworth Financial Inc said it would suspend dividends in its life business for the rest of 2014 and 2015, and that it was open to all strategic alternatives. Genworth shares fell as much as 38 percent to $8.75 in morning trading on the New York Stock Exchange on Thursday. The company posted a surprise third-quarter loss on...

  • *Genworth plummets following results, conference call. NEW YORK, Nov 6- U.S. stocks were little changed near record levels on Thursday as Europe indicated support for additional measures to support the economy, if necessary, though some weak corporate results limited the market's advance. Genworth Financial plummeted 36 percent to $8.97 in heavy trading, its...

  • NEW YORK, Nov 6- U.S. stocks opened little changed on Thursday as weak earnings, including from Qualcomm and Genworth Financial, were offset by market-friendly comments by European Central Bank President Mario Draghi.

  • Time to claim overlooked insurance stock profits Wednesday, 24 Sep 2014 | 3:16 PM ET

    Bank stocks may be sexier, but investors who overlook insurance stocks aren't claiming what could be big profit potential.

  • Pros to fall for these 5 financials: Cramer Wednesday, 18 Sep 2013 | 6:24 PM ET

    Cramer thinks pros may develop a thing for these financials. Are they on your dance card?

  • Cramer turns top hedgie theme into individual stock plays Wednesday, 17 Jul 2013 | 6:04 PM ET

    After hearing from top money manager John Paulson, Cramer said the following stocks deserved a closer look.