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Genworth Plans for Return to Long-Term Care Insurance Sales

What You Need to Know Genworth says it s already talking to potential LTCI business partners. The company still wants to work with China Oceanwide to develop long-term care solutions for China. The goal would be for the new products to have lower and more predictable risk. Executives at Genworth Financial Inc. want to work with other companies to get back into the U.S. long-term care insurance (LTCI) market. The Richmond, Virginia-based insurer also wants to team up with China Oceanwide Holdings Group Co. Ltd. a company that spent more than four years trying to acquire Genworth to sell long-term care (LTC) products in China.

United statesTom mcinerneyChina oceanwide holdings group coExecutives at genworth financial incWhat you needChina oceanwideGenworth financialChina oceanwide holdings groupஒன்றுபட்டது மாநிலங்களில்டோம் ம்கிநர்நீஎன்ன நீங்கள் தேவைஜென்வொர்த் நிதி

Genworth Financial (GNW) Q1 2021 Earnings Call Transcript

Genworth Financial (GNW) Q1 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble. Genworth Financial (NYSE: GNW) Operator Good morning, ladies and gentlemen, and welcome to Genworth Financial s first-quarter 2021 earnings conference. My name is Sean, and I will be your coordinator today. [Operator instructions] As a reminder, the conference is being recorded for replay purposes. [Operator instructions] I would now like to turn the conference over to Tim Owens, vice president of investor relations. Mr. Owens, you may proceed. Tim Owens Vice President of Investor Relations Thank you, operator. Good morning, and thank you for joining Genworth s first-quarter 2021 earnings call. Our speakers are all remote this morning, so please excuse any sound quality or technical issues that may arise. Our press release and financial supplement were released last night and this morning, our earnings presentat

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Genworth has no current plans to divest more of its MI company

Genworth has no current plans to divest more of its MI company
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

Rohit guptaTom mcinerneyDan sheehanGenworth financialHousing finance agencyChina oceanwideFederal housing finance agencyரோஹித் குப்தாடோம் ம்கிநர்நீடான் ஷீஹான்ஜென்வொர்த் நிதி

Genworth Financial Announces First Quarter 2021 Results

Genworth Financial Announces First Quarter 2021 Results News provided by Share this article First Quarter Net Income Of $187 Million And Adjusted Operating Income Of $168 Million Executing On The Company s Strategic Plan Following The Termination Of The Merger Agreement With China Oceanwide Holdings Group Co., Ltd (Oceanwide) Completed Sale Of Genworth s Interest In Genworth Mortgage Insurance Australia Limited (Genworth Australia) During The Quarter, Resulting In Net Proceeds Of $123 Million After $247 Million Payment To AXA S.A. (AXA) Under The Outstanding Promissory Note Continued Progress On Planned Partial Initial Public Offering (IPO) Of U.S. Mortgage Insurance (MI) Business U.S. MI Adjusted Operating Income Of $126 Million, 33 Percent Above Prior Quarter

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Genworth Financial terminates merger deal with China-based company after four years of delays

JOHN REID BLACKWELL Richmond Times-Dispatch RICHMONDâMore than four years after it was first announced, Genworth Financial Inc.âs plan to sell itself to a China-based investment company officially is dead. The Henrico County-based insurance giant said Tuesday it has terminated its merger agreement with China Oceanwide Holdings Group Co. Ltd., a Beijing-based company that agreed in October 2016 to buy Genworth for about $2.7 billion, or $5.43 per share in cash. Genworth, a seller of home mortgage insurance and long-term care insurance, has thousands of employees in Virginia, mainly in the Richmond region and in Lynchburg. The deal subsequently got tied up in years of government regulatory reviews in the United States and Canada, forcing Genworth and China Oceanwide to delay the completion of the merger 17 times.

Henrico countyUnited statesJames riepeTom mcinerneyGenworth financialGenworth financial incChina oceanwide holdings group coRichmond times dispatchHenrico county basedChina oceanwide holdings groupChina oceanwideGreat recessionஹென்ரிகோ கவுண்டிஒன்றுபட்டது மாநிலங்களில்டோம் ம்கிநர்நீஜென்வொர்த் நிதி