CareScout Quality Network brings together providers committed to person-centered care. CareScout today introduced the CareScout Quality Network, a first-of-its-kind group of long-term care providers who meet high standards for quality, person-centered care. "The long-term care industry is ripe for innovation because health and social systems aren't built to support the demand of our rapidly aging population. Older adults and their families are left to navigate a fragmented and confusing experience to find care," said Samir Shah, CEO of CareScout Services. "Quality measures today only meet the lowest common denominator of patient safety, which is important, but provides zero insight into

RICHMOND, Va., Jan. 4, 2021 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) (Genworth, the Company) and China Oceanwide Holdings Group Co., Ltd. (Oceanwide) today provided an update on their pending transaction. Given uncertainty around the completion and timing of the remaining steps required to close the transaction, Genworth and Oceanwide have not extended the current December 31, 2020 "end date" under the merger agreement. Oceanwide has indicated that the factors contributing to the delay since the parties agreed to their most recent extension of the merger agreement on November 30, 2020 were: (a) the finalization of the Hony Capital financing terms; and (b) the COVID-19 pandemi

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Strategic Highlights Continued progress on the LTC1 multi-year rate action plan (MYRAP) with $124M of gross incremental premium approvals; approximately $30B estimated net present value achieved from in-force rate actions (IFAs) since 2012 Expanded the CareScout Quality Network to 49 states through October, covering over 75% of the aged 65-plus Census population in the United States; on track to achieve 80% to 85% coverage by year-end Executed $36M in share repurchases in the quarter; $144M executed year-to-date through October at an average price of $6.29 per share Repurchased $17M in principal of holding company debt at a discount Financial Highlights Net income2 of $85M, or $

Genworth Financial, Inc. (NYSE:GNW) today announced it will issue its earnings release containing third quarter results after the market closes on November 6, 2024. A conference call will be held on November 7, 2024, at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the public. Genworth's conference call will be accessible via telephone and internet. The dial-in number for Genworth's November 7 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID #1689846. To participate in t

AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICRs) to "bb-" (Fair) from "b+" (Marginal) of Genworth Financial, Inc. (NYSE:GNW) and Genworth Holdings, Inc. (both domiciled in Delaware), as well their Long-Term Issue Credit Ratings (Long-Term IRs). The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed list of the Long-Term IRs.) In addition, AM Best affirmed the Financial Strength Rating (FSR) of B- (Fair) and the Long-Term ICR of "bb-" (Fair) of Genworth Life and Annuity Insurance Company (GLAIC) (Richmond, VA). The outlook of these ratings has been revised to stable from negative. Additionally, AM Best has affirmed the FSR of C++ (Margin

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" (Excellent) of the following operating subsidiaries of Enact Holdings, Inc. (EHI) (Delaware) (NASDAQ:ACT): Enact Mortgage Insurance Corporation (EMIC) and Enact Mortgage Insurance Corporation of North Carolina (EMIC-NC) (collectively referred to as the Enact US-domiciled companies). Both operating companies are domiciled in Raleigh, N.C. In addition, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of "a-" (Excellent) of Enact Re Ltd. (ERL) (Bermuda). Lastly, AM Best has affirmed the Long-Term ICR of "bbb-" (Good) of EHI. The outlook

Strategic Highlights Continued progress on the LTC1 multi-year rate action plan (MYRAP) with $138M of gross incremental premium approvals; $29.2B estimated net present value achieved from in-force rate actions (IFAs) since 2012 CareScout continued to expand the CareScout Quality Network; now available in more than 40 states and covering greater than two-thirds of the aged 65-plus Census population in the United States Executed $36M in share repurchases in the quarter; $111M executed year-to-date through July 31, 2024, at an average price of $6.19 per share Repurchased $12M in principal of the company's subordinated notes at a discount Financial Highlights Net income2 of $7

Genworth Financial, Inc. (NYSE:GNW) today announced it will issue its earnings release containing second quarter results after the market closes on July 31, 2024. A conference call will be held on August 1, 2024, at 10:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the public. Genworth's conference call will be accessible via telephone and internet. The dial-in number for Genworth's August 1 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 1968462. To participate in the

Genworth Financial, Inc. (NYSE:GNW) announced the election of all nine director nominees at its 2024 annual meeting of stockholders today. The board members re-elected were G. Kent Conrad, Karen E. Dyson, Jill R. Goodman, Melina E. Higgins, Thomas J. McInerney, Howard D. Mills, III, Robert P. Restrepo Jr., Elaine A. Sarsynski, and Ramsey D. Smith. At the annual meeting, stockholders also approved the advisory vote on named executive officer compensation. In addition, stockholders ratified the selection of KPMG LLP as Genworth's independent registered public accounting firm for 2024. In addition, stockholders approved an Amended and Restated Certificate of Incorporation to (i) remove all

Strategic Highlights Executed $63M in share repurchases in the quarter; $434M in total executed through April 30, 2024, at an average price of $5.42 per share Enact announced an increase to its quarterly dividend, as well as a new share repurchase program with authorization to purchase up to $250M of common stock Continued progress on the LTC1 multi-year rate action plan (MYRAP) with $41M of gross incremental premium approvals; $28.3B net present value achieved from in-force rate actions (IFAs) since 2012 CareScout continued to expand the CareScout Quality Network, a first-of-its-kind group of long-term care providers who meet high quality standards and are committed to person-c

Genworth Financial, Inc. (NYSE:GNW) today announced it will issue its earnings release containing first quarter results after the market closes on May 1, 2024. A conference call will be held on May 2, 2024, at 9:00 a.m. (ET) to discuss the quarter's results. Genworth's earnings release, summary presentation and financial supplement will be available through the company's website, http://investor.genworth.com, at the time of their release to the public. Genworth's conference call will be accessible via telephone and internet. The dial-in number for Genworth's May 2 conference call is 888-208-1820 or 323-794-2110 (outside the U.S.); conference ID # 9022176. To participate in the call by w

Costs Continue to Increase as a Result of Nationwide Inflation and Worker Shortages The cost of long-term care services increased across all provider types and increased more substantially for certain settings, according to Genworth's Cost of Care Survey 2023. The most substantial cost increases occurred in home health aide and homemaker services costs. Inflation and the shortage of skilled care workers are the core drivers of increases in the costs of care services. Genworth, in partnership with CareScout, a wholly owned subsidiary of Genworth Financial, Inc., has been conducting its Cost of Care Survey since 2004. After recalibrating the survey to align with both the aftermath of the

Genworth Finl (NYSE:GNW) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.18 by 5.56 percent. This is a 11.76 percent increase over earnings of $0.17 per share from the same period last year. The company reported $1.864 billion in sales this quarter. This is a 0.54 percent increase over sales of $1.854 billion the same period last year.

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Keefe, Bruyette & Woods analyst Ryan Krueger maintains Genworth Finl (NYSE:GNW) with a Market Perform and raises the price target from $6.5 to $7.

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Universal Insurance Hldgs (NYSE:UVE) shares rose 16.66% to $20.1 during Friday's regular session. Trading volume for this security as of 12:40 EST is 275.3K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $580.1 million. As per the news, the Q4 earnings report came out yesterday. Heritage Insurance Hldgs (NYSE:HRTG) shares moved upwards by 6.98% to $7.07. Trading volume for this security as of 12:40 EST is 193.0K, which is 0% of its average full-day volume over the last 100 days. The market value o

Genworth Finl (NYSE:GNW) reported quarterly losses of $(0.51) per share which missed the analyst consensus estimate of $0.19 by 368.42 percent. The company reported $1.91 billion in sales this quarter. This is a 0.84 percent increase over sales of $1.90 billion the same period last year.

Companies Reporting Before The Bell • Gatos Silver (NYSE:GATO) is estimated to report quarterly earnings at $0.09 per share on revenue of $83.00 million. • Wix.com (NASDAQ:WIX) is likely to report quarterly earnings at $0.95 per share on revenue of $402.83 million. • Rio Tinto (NYSE:RIO) is expected to report earnings for its Fiscal Year 2023. • Euroseas (NASDAQ:ESEA) is estimated to report quarterly earnings at $3.50 per share on revenue of $49.57 million. • Bausch & Lomb (NYSE:BLCO) is likely to report earnings for its fourth quarter. • Clean Harbors (NYSE:CLH) is estimated to report quarterly earnings at $1.69 per share on revenue of $1.36 billion. • Constellium (NYSE:CSTM) is expe

Genworth Finl (NYSE:GNW) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement. Analysts estimate that Genworth Finl will report an earnings per share (EPS) of $0.19. Genworth Finl bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.13, which was followed by a 8.17% drop in the

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Hippo Holdings (NYSE:HIPO) stock moved upwards by 2.73% to $9.37 during Monday's regular session. Hippo Holdings's stock is trading at a volume of 14.4K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The company's market cap stands at $217.8 million. eHealth (NASDAQ:EHTH) stock moved upwards by 2.67% to $6.92. eHealth's stock is trading at a volume of 459.1K shares as of 12:40 EST. This is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $184.6 million. Lemonade (NY

According to Benzinga Pro following are the gainers and losers in Insurance industry for today's Intraday session. Gainers Abacus Life (NASDAQ:ABL) stock increased by 3.06% to $11.45 during Tuesday's regular session. As of 12:40 EST, Abacus Life's stock is trading at a volume of 13.8K, which is 0% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $712.6 million. American Financial Group, Inc. 4.500% Subordinated Debentures due 2060 (NYSE:AFGE) shares moved upwards by 1.65% to $19.37. Trading volume for American Financial Group, Inc. 4.500% Subordinated Debentures due 2060's stock is 5.5K as of 12:40 EST. This is 0% of its average ful