Genworth Financial, Inc.

Genworth Introduces New Family Caregiver Benefit, Expanding How Eligible Policyholders Can Use Long-Term Care Coverage

Genworth introduced a Family Caregiver Benefit letting eligible long-term care policyholders in certain states use benefits for qualified care provided by family members. The benefit can pay up to 75% of the median hourly cost of non-medical care per the CareScout Cost of Care Survey, via a voluntary coverage election that may modify policy features. Availability depends on state-by-state regulatory approvals; no financial impact figures were disclosed.

•1mo ago

Genworth Financial Announces $500 Million Expansion of Existing Share Repurchase Program

Genworth's board authorized an additional $500 million for share repurchases, a major expansion on top of the roughly $88 million still available under the existing $350 million authorization. Through September 1, 2026, the company had already bought back about 30 million shares for approximately $262 million, showing the program is actively being executed. CEO Tom McInerney tied the move to confidence in Genworth's financial position and to Enact Holdings' (Nasdaq: ACT) recently announced plans for higher capital returns in 2026, which strengthen expected holding-company cash flows. Repurchases are discretionary with no expiration date and will be funded from current holding-company cash and future Enact cash flow generation -- the plans do not assume any proceeds from the pending AXA litigation.

•2mo ago

Caregiver Action Network and CareScout Partner to Expand Support for America’s Family Caregivers

Caregiver Action Network (CAN) partnered with CareScout, a wholly owned subsidiary of Genworth Financial, to provide family caregivers with expanded planning resources and navigation support. Through the collaboration, CAN members will gain access to discounted CareScout Care Plans, care navigation tools, and the CareScout Quality Network to help make informed aging care decisions. The organizations will host a free educational webinar on October 1, 2026, focused on long-term care planning for aging parents.

•2mo ago

CareScout Redefines Worksite Long-Term Care Insurance With a Solution That Goes Further for Employers and Employees

CareScout, a wholly owned subsidiary of Genworth Financial, launched its first worksite long-term care insurance solution, offering immediate access to care planning and navigation support. The product features flexible plan designs for employers with as few as 10 employees and includes access to the CareScout Quality Network of vetted providers. Management cites the launch as a response to growing workforce challenges and caregiving responsibilities among the 'sandwich generation.'

•2mo ago

Genworth Financial Announces Second Quarter 2026 Results

Genworth reported Q2 net income of $47 million, or $0.12 per share, flat year-over-year, with adjusted operating income excluding Closed Block of $112 million. The company executed $62 million in share repurchases during the quarter, bringing year-to-date buybacks to $128 million and total repurchases since inception to $918 million. Enact generated $143 million in adjusted operating income and maintained a strong PMIERs ratio of 161%, while legacy insurance companies held a consolidated RBC ratio of 286%.

•3mo ago

TheKey and CareScout Surpass 500 Families Supported Through Person-Centered National Home Care Partnership

TheKey and Genworth's subsidiary CareScout announced a milestone in their national home care partnership, having supported more than 500 families. CareScout's Quality Network, which reaches over 97% of the country, connects families with providers that meet rigorous quality standards. TheKey serves as a participating provider in this network, delivering 12 million hours of care annually to 120,000 clients.

•4mo ago