Genworth Financial (GNW) Misses Q2 EPS by 7c

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Go back to Genworth Financial (GNW) Misses Q2 EPS by 7c

Genworth Financial Announces Second Quarter 2020 Results

July 29, 2020 5:10 PM EDT

RICHMOND, Va., July 29, 2020 /PRNewswire/ --  

Merger Agreement With China Oceanwide Holdings Group Co., Ltd (Oceanwide) Extended To Not Later Than September 30, 2020; Interim Milestone By August 31, 2020 Reached Agreement With AXA S.A. (AXA) On July 20, 2020 To Settle Liability For Payment Protection Insurance Mis-Selling, Which Included A Payment Of £100MM Subsequent To Quarter-End U.S. Mortgage Insurance (MI) Benefited From A Robust Mortgage Origination Market With $28.4 Billion In New Insurance Written (NIW) U.S. MI Adjusted Operating Loss Of $3 Million Primarily Driven By Higher New Delinquencies Attributable To The COVID-19 Pandemic... More