Genworth Financial announced that its Board of Directors authorized an additional $500 million for share repurchases under its existing program, bringing the total authorization to $850 million. As of September 1, 2026, the company had repurchased about 30 million shares for roughly $262 million, leaving approximately $88 million under the prior $350 million authorization. CEO Tom McInerney expressed confidence in the company's financial position and noted that Enact's recently announced plans for higher capital returns in 2026 support future cash flows. Repurchases will be funded from holding company cash and future cash flows from Enact, excluding any potential proceeds from the AXA litigation. The program has no expiration date and may be modified or terminated at any time.
Genworth Financial IncGenworth's board authorized an additional $500 million for share repurchases, expanding the program to $850 million.
Enact Holdings IncEnact's recently announced plans for higher capital returns in 2026 are cited as supporting Genworth's future cash flows.
Bank of Chongqing Co Ltd