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Genworth Financial Announces Results of Annual Meeting

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星期四, 五月 23, 2024

Professional Services, Insurance, Finance, Security (finance), GNW, By-law, KPMG, KPMG LLP

Genworth Financial, Inc. (NYSE: GNW) announced the election of all nine director nominees at its 2024 annual meeting of stockholders today.

Key Points:

Genworth Financial, Inc. (NYSE: GNW) announced the election of all nine director nominees at its 2024 annual meeting of stockholders today.
At the annual meeting, stockholders also approved the advisory vote on named executive officer compensation.
Genworth also intends to amend and restate its Bylaws to make similar conforming changes.
It is expected that the Amended and Restated Certificate of Incorporation and Amended and Restated Bylaws will become effective early next month.

Genworth Financial Schedules Earnings Conference Call for May 2

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星期四, 四月 4, 2024

Professional Services, Consumer, Insurance, Seniors, Finance, Personal Finance, ACT, Enactment, Telephone, Webcast, PIN, Internet, Genworth Financial, GNW

Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing first quarter results after the market closes on May 1, 2024.

Key Points:

Genworth Financial, Inc. (NYSE: GNW) 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.
Genworth’s earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com , at the time of their release to the public.
The dial-in number for Genworth’s May 2 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 9022176.

Genworth Financial Schedules Earnings Conference Call for February 22

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星期一, 一月 22, 2024

Finance, Professional Services, Other Professional Services, Asset Management, Insurance, ACT, GNW, Telephone, Internet, Genworth Financial, Enactment, PIN, Webcast

Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing fourth quarter results after the market closes on February 21, 2024.

Key Points:

Genworth Financial, Inc. (NYSE: GNW) 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’s earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com , at the time of their release to the public.
The dial-in number for Genworth’s February 22 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 6245584.

GNW Consulting Offers Inaugural Deep Dive into Marketing Operations' Impact on Revenue

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星期三, 十二月 20, 2023

Marketing, CSS, Life, MOPS, Campaign, Element, HTML, Organization, Fraction, GNW, Experience

GILBERT, Ariz., Dec. 20, 2023 /PRNewswire/ -- GNW Consulting , the strategic marketing operations agency that guides companies through implementation, integration and optimization of marketing technology, today announced its inaugural examination of the state of Marketing Operations ("MOps").

Key Points:

GILBERT, Ariz., Dec. 20, 2023 /PRNewswire/ -- GNW Consulting , the strategic marketing operations agency that guides companies through implementation, integration and optimization of marketing technology, today announced its inaugural examination of the state of Marketing Operations ("MOps").
The current GNW Marketing Operations Framework includes an outer layer that deals with External/Corporate factors, like Revenue, Macro Environment, Talent and more.
"The role of marketing operations has evolved over the past few years," said Andrea Lechner-Becker, Marketing Strategist and Fractional CMO.
To learn more and download the full examination of MOps' impact on revenue in 2023, please visit here .

AM Best Affirms Credit Ratings of Genworth Financial, Inc. and Its U.S. Life Subsidiaries

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星期四, 十二月 7, 2023

Additionally, AM Best has affirmed the Long-Term ICRs of “b+” (Marginal) of Genworth Financial, Inc. [NYSE: GNW] and Genworth Holdings, Inc. (both domiciled in Delaware) as well as their Long-Term Issue Credit Ratings (Long-Term IRs).

Key Points:

Additionally, AM Best has affirmed the Long-Term ICRs of “b+” (Marginal) of Genworth Financial, Inc. [NYSE: GNW] and Genworth Holdings, Inc. (both domiciled in Delaware) as well as their Long-Term Issue Credit Ratings (Long-Term IRs).
In addition, AM Best has affirmed the FSR of B- (Fair) and the Long-Term ICR of “bb-” (Fair) of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA).
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

BOW RIVER CAPITAL SUPPORTS GAS N WASH WITH GROWTH FINANCING

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星期五, 十一月 17, 2023

GNW, Partnership, Growth, The Company, Bow River

DENVER, Nov. 17, 2023 /PRNewswire/ -- Bow River Capital, a Denver-based alternative asset manager, is pleased to announce that its Private Credit Team has invested in a tranche of growth capital financing to Gas N Wash ("GNW" or the "Company") in partnership with Freedom 3 Capital ("F3C"), which led the transaction.

Key Points:

DENVER, Nov. 17, 2023 /PRNewswire/ -- Bow River Capital, a Denver-based alternative asset manager, is pleased to announce that its Private Credit Team has invested in a tranche of growth capital financing to Gas N Wash ("GNW" or the "Company") in partnership with Freedom 3 Capital ("F3C"), which led the transaction.
Aaron Arnett, Managing Director of Bow River Capital, commented: "Gas N Wash has a successful track record of building new facilities with a meticulous focus on operational excellence, as well as delivering a consistently high-quality, one-stop shop, customer experience.
Eli Muraidekh, Head of the Private Credit Team of Bow River Capital, added: "We are delighted to add Gas N Wash as our fourth platform investment and are excited to be partnering with Freedom 3 to support the continued growth of the business."
In June 2023, Bow River Capital announced the formation of its Private Credit Team, including private credit professionals, Eli Muraidekh, Aaron Arnett and Joshua Apfel.

Genworth Announces Completion of Bondholder Consent Solicitation

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星期三, 十月 25, 2023

Professional Services, Insurance, Finance, CFO, Share repurchase, Investment, NYSE, GNW, Note, Holding, Fixed, RCC, Security (finance), Genworth Financial

Genworth Financial, Inc., (NYSE: GNW) 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”).

Key Points:

Genworth Financial, Inc., (NYSE: GNW) 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.
“This transaction provides Genworth with greater financial flexibility to optimally allocate capital,” said Jerome Upton, Executive Vice President and CFO.
The RCC Amendment does not modify in any respect the 2034 Notes or the indenture governing the 2034 Notes.

Genworth Financial Schedules Earnings Conference Call for November 9

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星期四, 十月 12, 2023

Genworth Financial, Inc. (NYSE: GNW) today announced it will issue its earnings release containing third quarter results after the market closes on November 8, 2023.

Key Points:

Genworth Financial, Inc. (NYSE: GNW) 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’s earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com , at the time of their release to the public.
The dial-in number for Genworth’s November 9 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 5935361.

AM Best Assigns Credit Ratings to Enact Holdings, Inc. and Operating Subsidiaries

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星期二, 八月 1, 2023

Professional Services, Insurance, Finance, ACT, Good, AM Best, IPO, EMIC, ICR, ALL, Fannie Mae, ERM, GFI, Credit, ICC, Federal Housing Administration, Nature, Risk, FSR, Veterans' affairs, EHI, Freddie Mac, GNW, GSE, AM, ERL, CRT, NYSE, News, Security (finance), Risk management, Reinsurance, Enactment

The ratings of the Enact US-domiciled companies reflect their balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).

Key Points:

The ratings of the Enact US-domiciled companies reflect their balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
AM Best assesses the Enact US-domiciled companies’ business profile as limited because the companies are monoline mortgage insurers.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Genworth Financial Announces $350 Million Expansion of Existing Share Repurchase Program

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星期一, 七月 31, 2023

Personal Finance, Professional Services, Insurance, Finance, GNW, Enactment, Share repurchase, NYSE, Security (finance), Genworth Financial

Genworth Financial, Inc. (NYSE: GNW) 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.

Key Points:

Genworth Financial, Inc. (NYSE: GNW) 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.
“We are pleased to announce the expansion of our existing share repurchase program by another $350 million, the same level of our previous authorization.