Motley Fool  Oct 24  Comment 
Despite a rising market today, these stocks finished lower. Find out why.
Reuters  Oct 24  Comment 
* Genworth Financial - to pay Asia Pacific Global Capital termination fee of $105 million if deal terminated due to change of recommendation or other circumstances
New York Times  Oct 24  Comment 
The Chinese conglomerate agreed to buy Genworth Financial of Virginia for $2.7 billion as the Chinese shopping spree in the United States continues.
Reuters  Oct 23  Comment 
* Upon completion of transaction, Genworth Financial, Inc. Will be a standalone subsidiary of china oceanwide
Reuters  Oct 23  Comment 
* Genworth financial- china oceanwide has agreed to acquire all of outstanding shares of genworth for total transaction value of approximately $2.7 billion
newratings.com  Oct 11  Comment 
Ad hoc: BB Biotech AG with profit in the third quarter 2016 BB Biotech AG / Keyword(s): Interim report / Ad hoc: BB Biotech AG with profit in the third quarter 2016 . Ad hoc announcement according to § 15 WpHG. Processed and transmitted...


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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