What Happens Next Consumer Brochure - Genworth 2025

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Henrico County-based Fortune 500 insurer Genworth Financial Inc. announced Tuesday that it has formally terminated its long-delayed $2.7 billion acquisition by China-based Oceanwide Holdings Group Co.
The average price target for Genworth Financial Inc is $8.50. This is based on 1 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $8.50 ,the lowest forecast is $8.50. The average price target represents 22.66% Increase from the current price of $6.93.
The Elimination Period is similar to a deductible. It is the number of days of covered care that you must pay for before your coverage begins to pay benefits. Lengthening your elimination period will reduce your premium. (Example: Changing the elimination period from 30 days to 100 days).
In the suit against Genworth, known as the Haney case, policyholders contended that when the company began raising their premiums in 2013, it failed to inform them that it also planned to raise rates substantially in the future information that could have influenced their decision to continue paying for coverage.
The settlement terms of Skochin v. Genworth required Genworth to pay $2,000,000 in attorneys fees plus a 15% contingent payment (commission) tied to the value of the settlements paid to class members who accept the settlement offer with a minimum payment of $10,000,000 and a maximum of $24,500,000.
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Genworth suffered from severely inaccurate LTCI pricing assumptions and ended up suspending new sales of life, annuity and LTCI products. It gets most of its new sales from the mortgage insurance business, which is now known as Enact.
Henrico County-based Fortune 500 insurer Genworth Financial Inc. announced Tuesday that it has formally terminated its long-delayed $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd.

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