Latest news with #Genworth
Business Insider
12 hours ago
- Business
- Business Insider
Genworth upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded Genworth (GNW) to Outperform from Market Perform with a price target of $9, up from $8.50. The company could potentially recover $500M, or $1.25 per share, related to a European payment protection business it previously sold to AXA, and a counter lawsuit between AXA and Santander, the analyst tells investors in a research note. The firm says a ruling is expected mid-to-late summer, and proceeds could total as much as 15%-20% of Genworth's market capitalization. In addition, Genworth currently trades at a 22% discount to its implied sum-of-the-parts with no lawsuit recovery, greater than the 15% average discount since mid-2023, notes Keefe. Confident Investing Starts Here:
Yahoo
22-05-2025
- Business
- Yahoo
Genworth Financial Announces Results of Annual Meeting
RICHMOND, Va., May 22, 2025--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) announced the election of all ten director nominees at its 2025 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, Ramsey D. Smith, and Steven C. Van Wyk. At the annual meeting, stockholders also approved the advisory vote on named executive officer compensation and the 2025 Omnibus Incentive Plan. In addition, stockholders ratified the selection of KPMG LLP as Genworth's independent registered public accounting firm for 2025. In addition, stockholders approved an amendment to the Amended and Restated Certificate of Incorporation of Genworth Holdings, Inc. to remove the "Pass-Through Voting" provision. The terms of the amendment to the Amended and Restated Certificate of Incorporation of Genworth Holdings, Inc. are described in greater detail in our Definitive Proxy Statement filed with the Securities and Exchange Commission on April 7, 2025. About Genworth FinancialGenworth Financial, Inc. (NYSE: GNW) is a Fortune 500 holding company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their caregiving options and fund their long-term care needs. Genworth is also the parent company of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information on Genworth, visit and for more information on Enact visit View source version on Contacts Investors: InvestorInfo@ Media: Evans
Business Wire
22-05-2025
- Business
- Business Wire
Genworth Financial Announces Results of Annual Meeting
RICHMOND, Va.--(BUSINESS WIRE)--Genworth Financial, Inc. (NYSE: GNW) announced the election of all ten director nominees at its 2025 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, Ramsey D. Smith, and Steven C. Van Wyk. At the annual meeting, stockholders also approved the advisory vote on named executive officer compensation and the 2025 Omnibus Incentive Plan. In addition, stockholders ratified the selection of KPMG LLP as Genworth's independent registered public accounting firm for 2025. In addition, stockholders approved an amendment to the Amended and Restated Certificate of Incorporation of Genworth Holdings, Inc. to remove the 'Pass-Through Voting' provision. The terms of the amendment to the Amended and Restated Certificate of Incorporation of Genworth Holdings, Inc. are described in greater detail in our Definitive Proxy Statement filed with the Securities and Exchange Commission on April 7, 2025. About Genworth Financial Genworth Financial, Inc. (NYSE: GNW) is a Fortune 500 holding company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their caregiving options and fund their long-term care needs. Genworth is also the parent company of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information on Genworth, visit and for more information on Enact visit
Yahoo
10-04-2025
- Business
- Yahoo
Genworth Financial taps Capital One veteran for CIO role
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Financial services company Genworth Financial appointed Morris Taylor as its SVP and CIO, effective Monday. Taylor will report directly to CEO and President Tom McInerney. Taylor most recently served as CIO for specialty insurance firm Markel. Prior to that, he spent nearly 25 years at Capital One, where he served in multiple IT leadership roles including as divisional CIO of card partnerships. The executive will play a "highly visible role in accelerating digital innovation within the organization," according to the announcement. He will be tasked with creating and executing a comprehensive tech strategy for the company. Financial services companies often struggle to deliver streamlined digital capabilities across disparate business units with varying needs. The proliferation of data systems and aging IT infrastructure tends to complicate matters further. To uphold tech infrastructure, the finance industry frequently turns to the vendor landscape, opting to plug in products from an ever-growing catalog of offerings. More than three-quarters of financial services firms said they planned to up software spending this year, according to Capterra data. At Genworth, Taylor will be tasked with partnering across the leadership team, including leaders from its U.S. Life Insurance, CareScout Services and CareScout Insurance businesses, according to the announcement. "I'm honored to join a purpose driven organization, and look forward to driving technology as an enabler for the organization and positively impacting the customers we serve," Taylor said in a LinkedIn post Monday. Last year, the company launched the CareScout Quality Network, a platform to find and hire long-term care (LTC) providers. "The network is now available in all 50 states," McInerney said during a Q4 2024 earnings call in February. "We have seen a rapid increase in providers joining the network, from 93 at the end of 2023 to now nearly 500 providers. I am confident that CareScout Services will be a significant source of LTC claim savings and revenue for Genworth over time."
Yahoo
07-04-2025
- Business
- Yahoo
Genworth Names Morris Taylor Chief Information Officer
RICHMOND, Va., April 07, 2025--(BUSINESS WIRE)--Genworth (NYSE: GNW) today announced that Morris Taylor joins the company as Senior Vice President and Chief Information Officer (CIO), effective April 7, 2025. Taylor will report to Tom McInerney, President and CEO of Genworth. As CIO, Taylor will be responsible for designing and executing a comprehensive technology vision and strategy that aligns with Genworth and CareScout's goals and long-term growth plans. He will play a highly visible role in accelerating digital innovation within the organization and partnering with senior technology leadership in Genworth's U.S. Life Insurance, CareScout Services and CareScout Insurance businesses to ensure technology alignment and effectiveness. "We are very pleased to add Morris to the Genworth and CareScout team," said Tom McInerney, President & CEO of Genworth. "His proven success in vison-setting and strategic execution for large technology organizations will be a tremendous asset as we work to deliver a technology-enabled and human-centered experience for our customers now and in the future." "I am inspired by Genworth and CareScout's mission to empower families to navigate the aging journey with confidence, as well as the company values that resonate with my own—compassion, customer focus, teamwork, and continuous improvement," said Taylor. "Technology is a collaborative effort, and I look forward to delivering innovative customer-focused services and solutions that meet families' needs in facing the challenges of aging." Taylor joins Genworth most recently from Markel, where he served as the Chief Information Officer since 2021. Prior to Markel, Taylor spent 25 years with Capital One where he led the company's largest acquisition/integration project, as well as the transition to agile methodology and establishment of a strategic investment roadmap for the credit card partnership division. He holds a Bachelor of Science in Finance from Virginia Commonwealth University. About Genworth FinancialGenworth Financial, Inc. (NYSE: GNW) is a Fortune 500 company focused on empowering families to navigate the aging journey with confidence, now and in the future. Headquartered in Richmond, Virginia, Genworth and its CareScout businesses provide guidance, products, and services that help people understand their caregiving options and fund their long-term care needs. Genworth is also the parent company of publicly traded Enact Holdings, Inc. (Nasdaq: ACT), a leading U.S. mortgage insurance provider. For more information on Genworth, visit and for more information on Enact Holdings, Inc. visit View source version on Contacts For further information: Investors:InvestorInfo@ Media: Amy
