Peter Enderlin's questions to Genworth Financial Inc (GNW) leadership • Q2 2025
Question
Peter Enderlin of MAZ Partners asked about the possibility of Genworth initiating a common stock dividend, particularly in light of the potential proceeds from the successful AXA litigation.
Answer
President, CEO & Director Thomas McInerney responded that while the board regularly considers a dividend, the vast majority of shareholders currently prefer that excess cash be used for share repurchases. Therefore, instituting a regular dividend is not part of the company's current plan, though it remains a future possibility.