Macquarie Upgrades Genworth Financial (GNW) to Neutral

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Go back to Macquarie Upgrades Genworth Financial (GNW) to Neutral

Genworth Financial Announces Second Quarter 2015 Results

August 4, 2015 5:10 PM EDT

RICHMOND, Va., Aug. 4, 2015 /PRNewswire/ --

Strategic Actions Taken Expected To Generate In Excess Of $600 Million Of Proceeds In 2015 Reduced Stake In Genworth Australia Mortgage Insurance By 14 Percent; Retained Majority Share In Exclusive Negotiations For Sale of Lifestyle Protection Insurance Business Transactions Executed To Generate Approximately $500 Million of Additional PMIERs Capital Credit Cash Expense Savings Of Approximately $30 Million Expected In 2015; $40 To $50 Million In 2016  Sequential Results Reflect Good Loss Ratios In Global Mortgage Insurance Division And Unfavorable Impact From Mortality In U.S. Life Insurance Division ... More