04:33 PM EDT, 09/18/2025 (MT Newswires) -- Genworth Financial ( GNW ) said late Thursday that its board has authorized new share buyback of up to $350 million of common stock, with no set expiration date.

The new authorization supplements Genworth's ( GNW ) $700 million repurchase program, which had $16 million still available as of Sep. 17, the company said.

The repurchases may be carried out via open market purchases, private deals, or through SEC Rule 10b5-1 trading plans, it added.

The company's shares were up over 1% in after-hours activity.