Thursday, August 12, 2021 7:23:47 PM
https://seekingalpha.com/article/4444905-genworth-financial-inc-gnw-ceo-thomas-mcinerney-on-q2-2021-results-earnings-call-transcript
This has been a value trap. The stock is selling for where is was 6 years ago but yet the financials are so much better.
I think this is huge!
"We expect our majority ownership stake in Enact to generate a significant dividend stream in the future as we work to move our legacy LTE books to breakeven and build a profitable new LTC company. We have received approval from the North Carolina Department of Insurance to dividend 200 million of capital from [indiscernible] Enact Holdings in the fourth quarter of 2021.
Subject to market conditions, business performance other regulatory approvals and compliance with applicable GSE requirements. This increases our confidence in Enact issuing a 200 million dividend in the fourth quarter."
Joe Stocks
Recent GNW News
- Genworth Financial Announces Third Quarter 2024 Results • Business Wire • 11/06/2024 11:28:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2024 10:00:32 PM
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