Genworth Financial (GNW) Posts Q4 Loss of 17c/Share; Will Initiate U.S. Life Restructuring Plan
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Genworth Financial Announces Fourth Quarter 2015 Results
February 4, 2016 4:45 PM ESTRICHMOND, Va., Feb. 4, 2016 /PRNewswire/ --
GAAP Annual Assumption Review Complete Long Term Care Insurance (LTC) Active Life GAAP Margins Of Approximately $2.5 To $3.0 Billion; Statutory Margin Testing Underway And Subject To Regulatory Discussion Universal Life1 After-Tax Charges Of $194 Million Reflecting Updates To Persistency, Long Term Interest Rates, Mortality And Other Refinements Net Loss & Net Operating Loss Include Aggregate Unfavorable Items In Universal Life Of $0.39 Per Diluted Share And Net Favorable Items In LTC Of $0.02 Per Diluted Share Continued Solid Loss Ratio Performance In U.S., Canada &... More