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A quote today from Tom McInerney, Genworth President and CEO: "Our second quarter 2014 results were strong in our mortgage insurance businesses, which benefitted from continued solid loss performance, but disappointing in our long term care insurance business, where we experienced adverse claims development. We continue to pursue state approvals for premium rate increases in long term care and recently launched a new long term care insurance product in 42 states that balances flexibility for customers with appropriate risk-adjusted returns for Genworth."
Don’t really have a question or comment here – just sharing info. You can read more here:
Genworth Financial announces 2Q 2014 results, LTCI business disappoints
Don’t really have a question or comment here – just sharing info. You can read more here:
Genworth Financial announces 2Q 2014 results, LTCI business disappoints