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Short Interest in Genworth Financial, Inc. (NYSE:GNW) Expands By 22.4%

https://www.marketbeat.com/instant-alerts/short-interest-in-genworth-financial-inc-nysegnw-expands-by-224-2026-02-04/
Short interest in Genworth Financial, Inc. (NYSE:GNW) increased by 22.4% in January, reaching 7,680,151 shares. This represents approximately 2.0% of the company's float, with a days-to-cover ratio of 1.7 days. Institutional investors hold a significant portion of GNW stock, and analysts currently have a "Moderate Buy" consensus rating with a $10.00 target price.

Y Intercept Hong Kong Ltd Trims Stock Holdings in Genworth Financial, Inc. $GNW

https://www.marketbeat.com/instant-alerts/filing-y-intercept-hong-kong-ltd-trims-stock-holdings-in-genworth-financial-inc-gnw-2026-02-03/
Y Intercept Hong Kong Ltd significantly reduced its stake in Genworth Financial, Inc. (NYSE:GNW) by 77.7% in the third quarter, selling 267,416 shares and retaining 76,696 shares valued at $683,000. Despite this reduction, institutional ownership remains high at 81.85%, with other firms like Voya Investment Management and American Century Companies increasing their positions. Genworth Financial currently holds a "Moderate Buy" consensus rating from analysts, with share prices around $8.45 and a target price of $10.00, though the company did miss its Q3 EPS estimates.

Universal Beteiligungs und Servicegesellschaft mbH Sells 337,753 Shares of Genworth Financial, Inc. $GNW

https://www.marketbeat.com/instant-alerts/filing-universal-beteiligungs-und-servicegesellschaft-mbh-sells-337753-shares-of-genworth-financial-inc-gnw-2026-02-01/
Universal Beteiligungs und Servicegesellschaft mbH significantly reduced its stake in Genworth Financial (NYSE:GNW) by 72.5% in the third quarter, selling 337,753 shares and retaining 128,157 shares valued at $1,141,000. Despite this, Genworth Financial has received a "Moderate Buy" consensus rating from analysts with an average target price of $10.00, although recent ratings show a mixed sentiment. The company currently has a market capitalization of $3.33 billion, a P/E ratio of 15.74, and its stock trades within a 52-week range of $5.99 to $9.28.

With 87% ownership, Genworth Financial, Inc. (NYSE:GNW) boasts of strong institutional backing

https://finance.yahoo.com/news/87-ownership-genworth-financial-inc-103332099.html
Genworth Financial, Inc. (NYSE:GNW) has significant institutional ownership, with 87% of the company held by institutions like BlackRock, Inc. This high level of institutional backing suggests sensitivity to their trading actions and serves as a vote of confidence in the company's future. While individual investors and the general public hold a smaller stake, the combined influence of top institutional shareholders balances out varying interests.

Short Interest in Genworth Financial, Inc. (NYSE:GNW) Decreases By 18.2%

https://www.marketbeat.com/instant-alerts/short-interest-in-genworth-financial-inc-nysegnw-decreases-by-182-2026-01-19/
Short interest in Genworth Financial, Inc. (NYSE:GNW) declined by 18.2% to 6,276,623 shares as of December 31st, representing 1.6% of outstanding shares and a short-interest ratio of 1.9 days. Several institutional investors, including Dimensional Fund Advisors and American Century Companies, increased their stakes, pushing institutional ownership to roughly 81.85%. Analysts rate GNW as a "Buy" with a $10 price target, despite the company recently missing quarterly EPS estimates.
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Genworth Financial (NYSE:GNW) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

https://www.marketbeat.com/instant-alerts/genworth-financial-nysegnw-stock-price-crosses-above-two-hundred-day-moving-average-time-to-sell-2026-01-15/
Genworth Financial (NYSE:GNW) recently saw its stock price briefly cross above its 200-day moving average, trading as high as $8.60 before settling near $8.425. Analysts have a consensus "Buy" rating with an average price target of $10.00, following some recent upgrades. Despite mixed fundamentals including a Q3 EPS miss, the company maintains a market capitalization of $3.36 billion and institutional ownership of over 80%.

Lobbying Update: $432,742 of GENWORTH FINANCIAL INC. lobbying was just disclosed

https://www.quiverquant.com/news/Lobbying+Update%3A+%24432%2C742+of+GENWORTH+FINANCIAL+INC.+lobbying+was+just+disclosed
GENWORTH FINANCIAL INC. disclosed $432,742 in lobbying from Q4 2025, focusing on housing finance reform, mortgage insurance issues, and various federal acts. Insider trading showed three sales totaling over $1.4 million in the past six months, with no purchases. Institutional investors displayed mixed activity, with some adding significant shares while others decreased their positions.

Genworth Financial Schedules Earnings Conference Call for February 24

https://finance.yahoo.com/news/genworth-financial-schedules-earnings-conference-211500880.html
Genworth Financial, Inc. announced it will release its fourth-quarter earnings after the market closes on February 23, 2026. A conference call to discuss these results will be held on February 24, 2026, at 9:00 a.m. ET. Additionally, its publicly traded subsidiary, Enact Holdings, Inc., will hold its fourth-quarter earnings call on February 4, 2026, at 8:00 a.m. ET.

Assenagon Asset Management S.A. Sells 185,400 Shares of Genworth Financial, Inc. $GNW

https://www.marketbeat.com/instant-alerts/filing-assenagon-asset-management-sa-sells-185400-shares-of-genworth-financial-inc-gnw-2025-12-20/
Assenagon Asset Management S.A. reduced its stake in Genworth Financial, Inc. (NYSE: GNW) by 9.1% during the third quarter, selling 185,400 shares and retaining 1,857,305 shares valued at $16.53 million. Despite this sale, analysts remain largely positive on GNW, with an average "Buy" rating and a consensus target price of $10.00. The company reported quarterly EPS of $0.04, missing estimates, and has a market cap of $3.66 billion.

I'm a CEO who's spent nearly 40 years talking to presidents, lawmakers and leaders about our long-term care crisis. They knew this moment was coming

https://fortune.com/2025/12/19/genworth-ceo-tom-mcinerney-long-term-care-aging-crisis-here-baby-boomers/
Thomas McInerney, CEO of Genworth Financial, highlights the growing long-term care crisis in the U.S., detailing how successive administrations have failed to address it despite recognizing its inevitability. He outlines a four-part strategy to mitigate the crisis, emphasizing better planning tools, improved quality standards, addressing affordability for the middle class, and strengthening the caregiving workforce. McInerney urges immediate action, noting the aging baby boomer population demands solutions beyond the current insufficient system.
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Walleye Capital LLC Acquires Shares of 131,549 Genworth Financial, Inc. $GNW

https://www.marketbeat.com/instant-alerts/filing-walleye-capital-llc-acquires-shares-of-131549-genworth-financial-inc-gnw-2025-12-11/
Walleye Capital LLC has acquired 131,549 shares of Genworth Financial, Inc. (NYSE:GNW) valued at approximately $1,023,000, establishing a new position in the company. Institutional ownership of Genworth Financial is notably high at 81.85%, reflecting significant interest from various funds. Despite a consensus "Buy" rating from Wall Street analysts with a $10 target price, Genworth recently missed its quarterly EPS estimates and is trading near $8.87 within its 52-week range.

Is It Too Late to Consider Genworth After Its 99% Five Year Share Price Surge?

https://www.sahmcapital.com/news/content/is-it-too-late-to-consider-genworth-after-its-99-five-year-share-price-surge-2025-12-05
Despite a significant 99.1% share price surge over five years, Genworth Financial (GNW) currently scores 0 out of 6 on Simply Wall St's valuation checks, suggesting it may be overvalued. Both Excess Returns analysis and Price vs. Earnings show the stock as potentially expensive, with an intrinsic value of about $3.32 per share, implying it's roughly 161.5% overvalued compared to its current price. Investors are encouraged to use "Narratives" to apply their own assumptions for a more personalized valuation.

Genworth Financial (GNW) insider files Form 144 to sell 40,000 shares

https://www.stocktitan.net/sec-filings/GNW/144-genworth-financial-inc-sec-filing-10425d45bc83.html
An insider at Genworth Financial (GNW) has filed a Form 144 to sell 40,000 shares of common stock, valued at $345,600, through Fidelity Brokerage Services on the NYSE. These shares were acquired via restricted stock vesting as compensation on March 3, 2025. The approximate sale date is December 2, 2025, and this represents a small fraction of the 399,380,567 shares outstanding.

Have Genworth Financial Insiders Been Selling Stock?

https://www.sahmcapital.com/news/content/have-genworth-financial-insiders-been-selling-stock-2025-11-27
An executive at Genworth Financial recently sold US$340k worth of stock, reducing their holding by 12%. Over the last year, insiders have shown selling activity but no buying activity, which is generally considered a weak negative signal, although the company is profitable and growing. Despite the insider sales, the company still exhibits a strong level of insider ownership at 2.2% of the company, indicating some alignment with shareholder interests.

Are Genworth’s (GNW) Earnings Growth and Buybacks Driving Sustainable Shareholder Value?

https://www.sahmcapital.com/news/content/are-genworths-gnw-earnings-growth-and-buybacks-driving-sustainable-shareholder-value-2025-11-15
Genworth Financial recently reported increased revenue and net income for the third quarter, alongside a significant share repurchase program that has bought back over 116 million shares since 2022. This combination of consistent earnings growth and substantial buybacks is seen as an effort to enhance shareholder value. While the share price has been declining, the company’s capital return programs and recent earnings progress could add energy to short-term sentiment, despite ongoing concerns about valuation and boardroom issues.
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106,942 Shares in Genworth Financial, Inc. $GNW Purchased by AlphaQuest LLC

https://www.marketbeat.com/instant-alerts/filing-106942-shares-in-genworth-financial-inc-gnw-purchased-by-alphaquest-llc-2025-10-27/
AlphaQuest LLC has purchased 106,942 shares of Genworth Financial, Inc. (GNW) valued at approximately $832,000 during the second quarter. This acquisition comes as Genworth Financial reported strong quarterly earnings, exceeding analyst estimates, although analyst ratings remain mixed. The article also details other institutional investor activities and insider trading involving CEO Rohit Gupta.

Genworth Financial Experiences Revision in Its Stock Evaluation Amid Competitive Insurance Landscape - Markets Mojo

https://www.marketsmojo.com/news/stocks-in-action/genworth-financials-valuation-grade-downgraded-from-attractive-to-fair-amid-price-decline-3617371
Genworth Financial Inc. has seen a revision in its stock evaluation, with its current price at $8.52, after a 20.17% return over the past year, outperforming the S&P 500. Key financial metrics include a P/E ratio of 15, a price-to-book value of 0.40, and a PEG ratio of 0.09. The article provides a detailed stock analysis, highlighting flat results, high institutional holdings, and market-beating performance in the long and near term.

Evolution Advisers Inc. Grows Stock Position in Genworth Financial, Inc. $GNW - MarketBeat

https://www.marketbeat.com/instant-alerts/filing-evolution-advisers-inc-grows-stock-position-in-genworth-financial-inc-gnw-2025-10-11/
Evolution Advisers Inc. significantly increased its stake in Genworth Financial, Inc. by 126.3% in Q2, now holding 217,835 shares. This move makes Genworth Financial the 18th largest position in their investment portfolio. The company reported strong Q2 earnings, beating analyst estimates with $0.16 EPS and has an average "Moderate Buy" rating despite recent downgrades.

Genworth Financial Inc (GNW) Stock Price | Live Quotes & Charts | NYSE

https://stockstotrade.com/quote/GNW/
This page provides live quotes and charts for Genworth Financial Inc (GNW) stock on the NYSE, showing its current price of $8.66. It highlights the availability of real-time quotes and mentions that earnings information is currently unavailable. The article also includes a promotional section for a "Bullish Fuel" indicator and calls to action for trade alerts.

Genworth Financial Announces New $350 Million Share Repurchase Authorization

https://finance.yahoo.com/news/genworth-financial-announces-350-million-201600362.html
Genworth Financial, Inc. has announced a new share repurchase program of up to $350 million, authorized by its Board of Directors. This new authorization is in addition to the existing $700 million program, of which $16 million remains. The company aims to continue delivering shareholder returns and will fund repurchases from holding company cash, with potential further expansion if litigation proceeds are realized.
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Genworth boosts Q2 picture with expected $750M windfall from UK lawsuit

https://insurancenewsnet.com/innarticle/genworth-boosts-q2-picture-with-expected-750m-windfall-from-uk-lawsuit
Genworth Financial expects a $750 million windfall from a UK High Court verdict in favor of AXA, which will be used for growth investments in CareScout, share buybacks, and debt reduction. The company reported a successful financial quarter, with its mortgage insurance subsidiary Enact contributing significantly. Genworth also discussed new long-term care insurance products and efforts to manage existing long-term care policies.

Genworth Financial, Inc. (NYSE:GNW) is favoured by institutional owners who hold 87% of the company

https://finance.yahoo.com/news/genworth-financial-inc-nyse-gnw-112047362.html
Institutional investors own 87% of Genworth Financial, Inc. (NYSE: GNW), indicating their significant influence over the company's stock price and decisions. BlackRock, Inc., The Vanguard Group, Inc., and Dimensional Fund Advisors LP are the largest shareholders, collectively owning a substantial portion of the company. Insider ownership, including CEO Thomas McInerney, also shows a positive alignment with shareholder interests.

Lobbying Update: $479,583 of GENWORTH FINANCIAL INC. lobbying was just disclosed

https://www.nasdaq.com/articles/lobbying-update-479583-genworth-financial-inc-lobbying-was-just-disclosed
A recent lobbying disclosure reveals GENWORTH FINANCIAL INC. spent $479,583 in Q2 2025, focusing on various legislative issues including tax extenders, mortgage insurance parity, housing finance reform, and the Basel 3 Endgame. The filing highlights the company's efforts to influence policy related to the financial services and housing industries. Additionally, the article reports on GNW's hedge fund activity and recent analyst ratings.

Genworth Financial hires new record keeper for 401(k) plan

https://www.pionline.com/searches-hires-mandates/pi-genworth-financial-401k-plan-new-record-keeper/
Genworth Financial has chosen a new record keeper for its 401(k) plan. This article reports on this change, impacting their retirement savings program. The details of the new record keeper and reasons for the change are not provided in this brief snippet.

Genworth Urges 4th Circuit to Decertify 401(k) Class

https://usaherald.com/genworth-urges-4th-circuit-to-decertify-401k-class/
Genworth Financial is appealing to the Fourth Circuit Court of Appeals to decertify a class of 4,000 retirement plan members. The company argues that individual assessments are required for each participant's situation, as some benefited from BlackRock target-date funds while others did not, making a class action unsuitable. This contrasts with a lower court's decision that certified the class based on allegations of widespread financial losses due to underperforming funds.
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Star Tribune - Genworth Financial Announces Election of Steven Van Wyk to Board of Directors

https://markets.financialcontent.com/startribune/article/bizwire-2025-3-19-genworth-financial-announces-election-of-steven-van-wyk-to-board-of-directors
Genworth Financial, Inc. announced the election of Steven C. Van Wyk, former Group Chief Information Officer for HSBC Bank PLC, as a new independent director to its Board of Directors. His election is effective immediately, increasing the board to 10 members, and he will stand for election at the May 22, 2025, Annual Meeting of Stockholders. Van Wyk brings extensive experience in technology, business transformation, and executive leadership from his background in the banking and insurance industries, which the company expects to leverage for continued shareholder value and advancements in AI and digital technologies.

Genworth Financial Elects Steven Van Wyk to Board

https://www.citybiz.co/article/674140/genworth-financial-elects-steven-van-wyk-to-board/
Genworth Financial, Inc. (NYSE: GNW) has elected Steven C. Van Wyk, former Group Chief Information Officer (CIO) for HSBC Bank PLC, as a new independent director to its Board of Directors, effective immediately. Mr. Van Wyk's extensive experience in technology leadership and large-scale transformations in the banking and insurance industries is expected to significantly contribute to Genworth's strategic initiatives, especially in leveraging new AI and digital technologies. He will stand for election at Genworth’s 2025 Annual Meeting of Stockholders on May 22, 2025.

Tech Transformation Boost: HSBC's Ex-CIO Joins Genworth Board to Lead AI Innovation

https://www.stocktitan.net/news/ACT/genworth-financial-announces-election-of-steven-van-wyk-to-board-of-lu0jzalyftmw.html
Genworth Financial has elected Steven C. Van Wyk, former Group Chief Information Officer for HSBC Bank PLC, to its Board of Directors. His expertise in technology, business transformation, and executive leadership is expected to significantly contribute to Genworth's strategic initiatives, especially in implementing new AI and digital technologies. Van Wyk's appointment increases the board to 10 members and underscores Genworth's commitment to leveraging advanced tech for customer service and long-term care solutions.

Unico Lands $35M Refi for Tacoma High-Rise

https://www.commercialsearch.com/news/unico-lands-35m-refi-for-tacoma-high-rise/
Unico Properties has secured a $35 million refinancing loan for its 1201 Pacific office tower in Tacoma, Wash., provided by Gantry’s insurance-arm Genworth Life Insurance Co. This 10-year, fixed-rate loan replaces a previous one and was arranged by Gantry's Mike Taylor and Jeff Ballaine. The LEED Gold-certified building, Tacoma's tallest at 25 stories, currently has a 15 percent vacancy rate amid a challenging Seattle office market.

Court Grants Genworth Class Certification Appeal

https://www.planadviser.com/court-grants-genworth-class-certification-appeal/
The U.S. Court of Appeals for the Fourth Circuit has granted Genworth Financial Inc. the right to appeal an earlier decision to certify a class action lawsuit against them. The lawsuit involves participants invested in BlackRock Inc. target date funds through Genworth's workplace retirement plan, with Genworth arguing that many potential class members would not have been harmed and that the class certification was an error. This appeal deviates from a trend where similar cases from the same law firm had been dismissed.
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Genworth Can Appeal Class Action Regarding BlackRock TDFs

https://www.plansponsor.com/genworth-can-appeal-class-action-regarding-blackrock-tdfs/
The U.S. 4th Circuit Court of Appeals will hear Genworth Financial Inc.'s appeal against a class action certification involving participants invested in BlackRock target-date funds through their retirement plan. Genworth argues that the plaintiffs did not sufficiently justify class action status and that many potential class members might have fared worse with alternative investments. The appeal challenges the district court's decision, which granted class action status without ruling on the merits of the fiduciary duty breach allegations.

Genworth Financial Announces Results of Annual Meeting

https://aijourn.com/genworth-financial-announces-results-of-annual-meeting/
Genworth Financial, Inc. announced the election of all nine director nominees at its 2024 annual meeting of stockholders. Stockholders also approved executive officer compensation, ratified KPMG LLP as the independent accounting firm, and approved an amended Certificate of Incorporation for legacy GE provisions and stockholder rights to call special meetings. These changes are expected to be effective early next month.

Woman Sues Genworth Over LTCI Survivorship Benefit

https://www.thinkadvisor.com/2024/01/18/woman-sues-genworth-over-ltci-survivorship-benefit/
A woman has filed a lawsuit against Genworth regarding a Long-Term Care Insurance (LTCI) survivorship benefit. The article, published on January 18, 2024, by Allison Bell, indicates that this legal action pertains to a key aspect of LTCI policy provisions. Further details of the case were not immediately available in the provided content.

Genworth class action alleges insurer did not properly notify customers of data breach

https://topclassactions.com/lawsuit-settlements/privacy/data-breach/genworth-class-action-alleges-insurer-did-not-properly-notify-customers-of-data-breach/
A class action lawsuit has been filed against Genworth Financial Inc., alleging that the insurer failed to properly notify customers about a data breach in May that exposed the personally identifiable information (PII) of over 2.7 million individuals. Plaintiff Noreen Smith claims Genworth waited over a week to post a notice that few customers saw, with most learning about the breach more than a month later through letters. The lawsuit accuses Genworth of negligence, unjust enrichment, and invasion of privacy, seeking a jury trial and damages.

Genworth Financial Under Investigation for Data Breach

https://www.classactionlawyers.com/blog/genworthfinancial
Schubert Jonckheer & Kolbe LLP is investigating a data breach affecting over 2.5 million customers, policyholders, and agents of Genworth Financial, Inc. The breach, disclosed on May 31, 2023, originated from a vulnerability in the MOVEit file transfer program used by Genworth's third-party vendor, PBI Research Services. Impacted information includes names, dates of birth, Social Security numbers, and policy numbers, and affected individuals may be entitled to damages.
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Genworth Announces Update To Leadership Structure

https://nationalmortgageprofessional.com/news/genworth-announces-update-leadership-structure
Genworth Financial Inc. announced a significant update to its senior leadership structure, separating the roles of chief financial officer (CFO) and chief investment officer (CIO) in early March. Dan Sheehan, currently holding both positions, will transition out, with Jerome Upton appointed as EVP and CFO, and Kelly Saltzgaber as EVP and CIO. The company's CEO, Tom McInerney, expressed confidence that these changes will strengthen Genworth's ability to execute its strategic priorities and continue its strong financial performance.

W&M expands global reach through $1.5M gift

https://news.wm.edu/2022/10/26/wm-expands-global-reach-through-1-5m-gift/
William & Mary's Global Research Institute received a $1.5 million gift from Genworth Financial President and CEO Tom McInerney to establish a new postdoctoral fellowship program. This gift will support international research, teaching, and mentorship, aiming to cultivate effective leaders with a strong global perspective and expand the university's worldwide influence. The fellowship will bring diverse academic expertise to W&M classrooms, broaden research, and provide students with international project experience.

Genworth settles class action suit over steep universal life increases - Insurance News

https://insurancenewsnet.com/oarticle/genworth-settles-class-action-suit-over-steep-universal-life-increases
Genworth Financial has settled a class action lawsuit for $25 million plus a seven-year freeze on "cost of insurance" increases for its universal life policies. The lawsuit argued that premium hikes of 40% to 140% were excessive and unlawful, affecting over 13,400 policyholders. Genworth denied wrongdoing in the settlement, stating that the increases were due to policyholders living longer than expected, which contradicted its stance on long-term care insurance premium justifications.

Genworth insurance co. settles class action for $25M

https://virginiabusiness.com/genworth-insurance-co-settles-class-action-for-25m/
Richmond-based Genworth Life & Annuity Insurance Co. has settled a class-action lawsuit for $25 million with 13,400 insurance policyholders over unlawful cost of insurance (COI) increases from 2019. The settlement, approved by U.S. District Judge David Novak, also prevents the company from imposing new COI rate schedules for seven years and denying death claims from the plaintiffs' policies based on a lack of valid insurable interest. This resolution follows a $5 billion lawsuit filed in 2020 and comes amidst other ongoing class-action cases against Genworth regarding similar rate increases, with plaintiffs' attorneys advocating for affected policyholders.

Citigroup, Genworth Face Lawsuits Over BlackRock TDFs in Their 401(k)s

https://www.thinkadvisor.com/2022/08/02/citigroup-genworth-face-lawsuits-over-blackrock-tdfs-in-their-401ks/
Citigroup and Genworth are reportedly facing lawsuits concerning BlackRock Target Date Funds (TDFs) within their respective 401(k) plans. This news highlights potential legal challenges related to the investment options offered in employee retirement plans. The article, however, does not provide details about the specific allegations or the nature of the lawsuits.
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March 2022: Class Notes

https://news.law.fordham.edu/blog/2022/03/03/march-2022-class-notes/
This article, "March 2022: Class Notes," highlights numerous professional achievements and personal milestones of Fordham Law School alumni. It details career advancements, awards, appointments to significant positions, and personal events such as marriages and births among graduates from various class years.

Genworth Life Long-Term Care Insurance Class Action Settlement

https://topclassactions.com/lawsuit-settlements/closed-settlements/genworth-life-long-term-care-insurance-class-action-settlement/
A class action settlement has been reached with Genworth Life Insurance Co. and Genworth Life Insurance Co. of New York regarding their PCS I or PCS II long-term care insurance policies. Policyholders alleged the company withheld material information about future rate increases, amounting to fraudulent inducement by omission. The settlement provides eligible Class Members with disclosures on future rate increases, new policy options, and potential payments or credits, and requires no claim form for participation.

Should You File a Genworth Lawsuit for Life Insurance Rates?

https://topclassactions.com/lawsuit-settlements/insurance/should-you-file-a-genworth-lawsuit-for-life-insurance-rates/
This article discusses potential Genworth lawsuits for life insurance rate hikes, detailing factors that determine life insurance rates and Genworth's reported premium increases since 2017. It highlights a class action lawsuit filed in July against Genworth concerning "massive" premium increases on several universal life insurance policies and encourages affected policyholders to consider joining the lawsuit investigation.

Genworth MI issues $350m in ILNs via Triangle Re

https://www.bermudareinsurancemagazine.com/ils/genworth-mi-issues-350m-in-ilns-via-triangle-re-6235
Genworth Mortgage Insurance Corporation (Genworth MI) has secured $349.6 million in excess of loss reinsurance coverage through Triangle Re 2020-1, a Bermuda-based special purpose insurer. This coverage, protecting mortgage insurance policies issued from January to August 2020, was funded by Triangle Re issuing five classes of mortgage insurance-linked notes (ILNs) with a 10-year legal final maturity and a 7-year call option. This marks Genworth MI's second ILN issuance and third credit risk transfer transaction since the onset of the COVID-19 pandemic.

Genworth to pay $219M to settle securities lawsuit related to long-term-care insurance

https://www.investmentnews.com/retirement-planning/genworth-to-pay-219m-to-settle-securities-lawsuit-related-to-long-term-care-insurance/66712
Genworth Financial Inc. has agreed to pay $219 million to settle a class-action lawsuit alleging misrepresentations about its long-term-care insurance business. The lawsuit claimed Genworth and its officers misled investors about the profitability of its core business and understated necessary reserves, leading to a significant drop in its share price. The company maintains the claims are without merit but settled to avoid the burden and expense of further litigation.
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