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Genworth Financial (GNW) - Get Genworth Financial, Inc. Class A Report agreed to repurchase more than 9 million shares at $32 apiece in a privately negotiated transaction.

"We are pleased to complete our existing repurchase program, demonstrating our focus on disciplined capital management," said Michael D. Fraizer, CEO of the Richmond, Va., insurer. "With this transaction we will have repurchased $1 billion of common stock in 2006 and we will evaluate additional repurchase authority as we go forward."

Shares fell 16 cents to $32.47.

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