NYSE:GNWInsurance
Did Genworth Financial’s (GNW) Aggressive Buyback Overshadow Lower Earnings in Its Capital Allocation Strategy?
Genworth Financial reported second quarter 2025 results, noting net income of US$51 million, a decrease from US$76 million in the prior year's quarter, and announced that it completed repurchasing over 108 million shares for US$629.96 million since launching its buyback in May 2022.
This substantial buyback represents nearly a quarter of outstanding shares, highlighting the company's commitment to returning capital to shareholders during a period of lower net earnings.
We'll examine how...