Genworth Financial Awaits $750 Million Recovery Following Favorable AXA Ruling in UK PPI Mis-Selling Case

Reuters

2025/07/25

Genworth Financial Awaits $750 Million Recovery Following Favorable <a href="https://laohu8.com/S/AXAHF">AXA</a> Ruling in UK PPI Mis-Selling Case

Genworth Financial Inc. has issued a statement regarding a UK High Court ruling in favor of AXA in a case concerning the mis-selling of Payment Protection Insurance $(PPI)$ policies. The legal proceedings involved liabilities from PPI policies underwritten by companies AXA acquired from Genworth in 2015, which were originally sold by a company acquired by Santander in 2009. The court found Santander liable for AXA's losses, awarding AXA approximately £680 million, equivalent to $911 million. Genworth is set to benefit from this ruling through prior agreements with AXA, potentially recovering around $750 million, subject to exchange rate fluctuations. Genworth plans to allocate any recoveries according to its capital priorities, including investing in CareScout, returning cash to shareholders, and reducing debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genworth Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725183377) on July 25, 2025, and is solely responsible for the information contained therein.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2554798679"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2554798679\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2554798679?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-07-25 21:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2554798679","market":"fut","top_or_hot":-1,"title":"Genworth Financial Awaits $750 Million Recovery Following Favorable AXA Ruling in UK PPI Mis-Selling Case","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Genworth Financial Awaits $750 Million Recovery Following Favorable <a href=\"https://laohu8.com/S/AXAHF\">AXA</a> Ruling in UK PPI Mis-Selling Case\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Genworth Financial Inc. has issued a statement regarding a UK High Court ruling in favor of <a href=\"https://laohu8.com/S/AXAHY\">AXA</a> in a case concerning the mis-selling of Payment Protection Insurance <a href=\"https://laohu8.com/S/PPI\">$(PPI)$</a> policies. The legal proceedings involved liabilities from PPI policies underwritten by companies AXA acquired from Genworth in 2015, which were originally sold by a company acquired by Santander in 2009. The court found Santander liable for AXA's losses, awarding AXA approximately £680 million, equivalent to $911 million. Genworth is set to benefit from this ruling through prior agreements with AXA, potentially recovering around $750 million, subject to exchange rate fluctuations. Genworth plans to allocate any recoveries according to its capital priorities, including investing in CareScout, returning cash to shareholders, and reducing debt.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genworth Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725183377) on July 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Genworth Financial Awaits $750 Million Recovery Following Favorable AXA Ruling in UK PPI Mis-Selling Case</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGenworth Financial Awaits $750 Million Recovery Following Favorable AXA Ruling in UK PPI Mis-Selling Case\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-07-25 21:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Genworth Financial Awaits $750 Million Recovery Following Favorable <a href=\"https://laohu8.com/S/AXAHF\">AXA</a> Ruling in UK PPI Mis-Selling Case\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Genworth Financial Inc. has issued a statement regarding a UK High Court ruling in favor of <a href=\"https://laohu8.com/S/AXAHY\">AXA</a> in a case concerning the mis-selling of Payment Protection Insurance <a href=\"https://laohu8.com/S/PPI\">$(PPI)$</a> policies. The legal proceedings involved liabilities from PPI policies underwritten by companies AXA acquired from Genworth in 2015, which were originally sold by a company acquired by Santander in 2009. The court found Santander liable for AXA's losses, awarding AXA approximately £680 million, equivalent to $911 million. Genworth is set to benefit from this ruling through prior agreements with AXA, potentially recovering around $750 million, subject to exchange rate fluctuations. Genworth plans to allocate any recoveries according to its capital priorities, including investing in CareScout, returning cash to shareholders, and reducing debt.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genworth Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725183377) on July 25, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GNW","symbol_name":"通用金融","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250725:nNDLb3tws7:1","article_id":"2554798679","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2554798679","pubTimestamp":1753450514,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Genworth Financial Inc. has issued a statement regarding a UK High Court ruling in favor of AXA in a case concerning the mis-selling of Payment Protection Insurance  policies. The legal proceedings involved liabilities from PPI policies underwritten by companies AXA acquired from Genworth in 2015, which were originally sold by a company acquired by Santander in 2009. The court found Santander liable for AXA's losses, awarding AXA approximately 680 million, equivalent to $911 million. Genworth is set to benefit from this ruling through prior agreements with AXA, potentially recovering around $750 million, subject to exchange rate fluctuations. Genworth plans to allocate any recoveries according to its capital priorities, including investing in CareScout, returning cash to shareholders, and reducing debt.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GNW":"通用金融","BK4162":"人寿与健康保险"},"translate_title":"在AXA对英国PPI不当销售案做出有利裁决后，Genworth Financial正在等待7.5亿美元的追回","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GNW":0.9},"content_text":"Genworth Financial Awaits $750 Million Recovery Following Favorable AXA Ruling in UK PPI Mis-Selling Case\n    \n\n        Genworth Financial Inc. has issued a statement regarding a UK High Court ruling in favor of AXA in a case concerning the mis-selling of Payment Protection Insurance $(PPI)$ policies. The legal proceedings involved liabilities from PPI policies underwritten by companies AXA acquired from Genworth in 2015, which were originally sold by a company acquired by Santander in 2009. The court found Santander liable for AXA's losses, awarding AXA approximately £680 million, equivalent to $911 million. Genworth is set to benefit from this ruling through prior agreements with AXA, potentially recovering around $750 million, subject to exchange rate fluctuations. Genworth plans to allocate any recoveries according to its capital priorities, including investing in CareScout, returning cash to shareholders, and reducing debt.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genworth Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250725183377) on July 25, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}