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Stock impact report

Genworth signals $500M capital return from Enact in 2025 while advancing CareScout network expansion [Seeking Alpha]

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: Seeking Alpha
Tom McInerney, President and CEO, reported net income of $116 million and adjusted operating income of $17 million or $0.04 per share for the quarter, noting "strong performance from Enact, our mortgage insurance subsidiary, which contributed $134 million to Genworth's Quick Insights Through robust Enact capital returns, expanded share repurchases, and disciplined allocation tied to undervalued buybacks. Higher claims and benefit utilization, declining statutory income, and limited options for additional capital injection pose ongoing risks. CareScout is expanding its provider network, launching new LTC insurance products, acquiring Seniorly, and targeting the aging population for growth. More Trending News Show less Read more
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