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Genworth Financial, Inc. (GNW)

  • Feb. 11, 2013, 12:00 PM
    Genworth (GNW +3.1%) is in talks to sell its wealth management business to two P-E firms, reports Reuters, with sources saying the deal would be valued at $400M-$450M. The business has been on the block since last fall, part of the company plan to raise capital and focus on its core business.
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  • Jan. 9, 2012, 12:39 PM
    Genworth (GNW +0.8%) sells its tax and financial advisor unit to Cetera Financial Group for an undisclosed amount. The firm says the sale will allow it to refocus on its core asset management business within Genworth Financial Wealth Management.
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  • Sep. 29, 2011, 9:45 AM
    Shares of property and casualty insurance peers surge on the Harleysville (HGIC +85.2%) buyout offer: TRV +2.9%, CINF +3%, THG +2.6%, TWGP +3.5%. Life insurers too: MET +5.8%, PRU +5.9%, LNC +6.6%, GNW +5.5%.
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  • Jun. 13, 2011, 12:04 PM
    Aetna (AET) joins the increasing expansion into senior plans with a deal to buy a Medicare-supplement business from Genworth Financial (GNW +2.4%) for $290M. The unit will add 145,000 members to Aetna's rolls and had about $317M in net earned premium last year. (previously: WellPoint/CareMore)
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Company Description
Genworth Financial Inc is a financial security company. It provides insurance, wealth management, investment and financial solutions.
Sector: Financial
Industry: Life Insurance
Country: United States