secwatch.observer — SEC 8-K summary
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Issuer:     GENWORTH FINANCIAL INC (GNW)
CIK:        0001276520
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001193125-24-041476
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genworth Q4 net loss $212M ($0.47/sh); LTC rate action cuts remaining need by $1.5B to ~$5B
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- Net loss of $212M, or $0.47 per diluted share; adjusted operating loss of $230M, or $0.51 per share.
- Executed $384M in total share repurchases through Feb 13, 2024 at avg $5.33 per share; $35M in Q4.
- LTC MYRAP: achieved $127M gross incremental premium approved in Q4; remaining needed ~$5B (down $1.5B).
- Received $128M in capital returns from Enact in Q4; Enact full-year adjusted operating income $552M.
- Annual assumption updates resulted in $227M unfavorable impact in life insurance and LTC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1276520/000119312524041476/0001193125-24-041476-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1276520/000119312524041476/d615995d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-041476

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