newratings.com  Jul 14  Comment 
Biofrontera AG : Notice of report acc. to §§ 37v-x et seqq. WpHG (the German Securities Trading Act) with the aim of pan-European distribution Biofrontera AG / Biofrontera AG : Notice of report acc. to §§ 37v-x et seqq. WpHG (the German...
TheStreet.com  Jul 11  Comment 
NEW YORK (TheStreet) -- Shares of Genworth Financial Inc. closed lower by -2.55% to $16.62 on heavy trading volume on Friday afternoon after the Federal Housing Finance Agency proposed new restrictions which would require higher capital...
Motley Fool  Jul 11  Comment 
Proposed capital rules by the FHFA have cause mortgage insurers to take a nosedive
Forbes  Jul 11  Comment 
In early trading on Friday, shares of Lorillard (LO) topped the list of the day's best performing components of the S&P 500 index, trading up 5.2%.  Year to date, Lorillard registers a 30.9% gain.
MarketWatch  Jul 11  Comment 
Fastenal, Genworth fall sharply in overall flat start for S&P 500
Benzinga  Jul 11  Comment 
Rent-A-Center (NASDAQ: RCII) dropped 11.70% to $25.66 in pre-market trading after the company issued a downbeat guidance for the second quarter. The company expected adjusted earnings of $0.36 to $0.38 per share on revenue of around $773...
StreetInsider.com  Jul 11  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Genworth+Financial+%28GNW%29+Needs+%24450-%24550M+to+Comply+with+New+GSE+Requirements/9654235.html for the full story.
SeekingAlpha  Jul 2  Comment 
We invested in Genworth Financial (GNW) during November 2012 after the share price fell to $5.50/share. The investment thesis [Source] discusses the company then trading at about 16% of book value ($33.52/share); 25% of estimated intrinsic value...
newratings.com  Jun 30  Comment 
Total number of voting rights in accordance with § 26a WpHG ADVA Optical Networking SE / Total number of voting rights in accordance with § 26a WpHG . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely...
newratings.com  Jun 16  Comment 
Director's Dealings announcement according to §15a WpHG (the German Securities Trading Act) MorphoSys AG / Director's Dealings announcement according to §15a WpHG (the German Securities Trading Act) . Processed and transmitted by...


Genworth Financial (NYSE: GNW) provides domestic and international mortgage insurance, long-term care insurance, and life insurance products. Genworth's exposure to some of the recently maligned companies (like Fannie Mae (FNM), Freddie Mac (FRE), American International Group (AIG), Lehman Brothers (LEH), and Washington Mutual (WM)) totals roughly $630 million.[1]

In February 2008, Genworth reported a $93 million write-down due to underestimated risk in its actuarial models as well as losses due to investments in subprime securities.[2] Over the past year, Genworth's stock has steadily fallen from a high of 31.77 per share to a low of 4.85 per share as of September 29, 2008.[3]

That said, the company has maintained its "AA" credit rating while many of its competitors have been reduced to "A" ratings.[4] It maintains approximately $800 million in cash and has a roughly $1.8 billion credit facility available.[5] The company has even continued to issue a $0.10 quarterly dividend.[6]


  1. "Genworth says it may spin off its mortgage insurance business, MarketWatch, September 30, 2008
  2. "Zacks Industry Rank Analysis Highlights: AIG, FLIR, GNW, LNC, and NOC", BNET, February 14, 2008
  3. Google Finance GNW Page
  4. "Deutsche Bank analyst: Genworth well-capitalized", Forbes, September 26, 2008
  5. "Conseco shares slump 40% on exposure to AIG, Lehman, WaMu, ShareBuilder, September 17, 2008
  6. Reuters Key Development GNW
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