newratings.com  12 hrs ago  Comment 
MorphoSys AG : Publication pursuant to §26 sect.1 WpHG (the German Securities Trading Act) with the aim of pan-European distribution MorphoSys AG / MorphoSys AG : Publication pursuant to §26 sect.1 WpHG (the German Securities Trading Act)...
DailyFinance  Apr 8  Comment 
Goldman Scarlato Karon & Penny, P.C. is investigating potential claims on behalf of investors who purchased Genworth Financial (“Genworth” or the "Company") (NYSE: GNW) stock between February 3, 2012 and April 17, 2012...
The Australian  Apr 7  Comment 
US insurer Genworth Financial says it plans to float as much as 40pc of its Australian business as early as June.
TheStreet.com  Apr 7  Comment 
NEW YORK (TheStreet) --Shares of Genworth Financial Inc.  are lower today by 5.0% to $16.92 following news the financial security company is being sued in a class action suit known officially as City of Hialeah Employees' Retirement System v....
Forbes  Apr 7  Comment 
In early trading on Monday, shares of Netflix (NFLX) topped the list of the day's best performing components of the S&P 500 index, trading up 2.6%.  Year to date, Netflix has lost about 6.0% of its value.
MarketWatch  Apr 7  Comment 
Genworth Financial Inc. shares fell 3% in early trading Monday after a lawsuit was announced alleging misleading statements were made by the firm, according to media reports. The Richmond, Va.-based firm has been accused by an investor of making...
SeekingAlpha  Apr 4  Comment 
By David Pinsen: Shares of Genworth Financial (GNW) hit a 52-week high of $18.58 intraday Thursday, on news that the company was set to move forward with an IPO of its Australian mortgage insurance unit. Genworth shares closed at $18.23, within...
DailyFinance  Apr 4  Comment 
Robbins Geller Rudman & Dowd LLP (“Robbins Geller”) (http://www.rgrdlaw.com/cases/genworth/) today announced that a class action has been commenced on behalf of an institutional investor in the United States District Court...


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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