Genworth posts net loss

February 13, 2015 by Allison Bell

Genworth Financial Inc. (NYSE:GNW) has taken a $478 million charge in connection with a previously announced effort to increase reserves for margins for active long-term care insurance (LTCI) lives.

The charge contributed to the company reporting a $760 million net loss on $2.4 billion in revenue for the fourth quarter of 2014. That compares with $208 million in net income on $2.4 billion in revenue for the fourth quarter of 2013. Click here to read…

Originally Posted at LifeHealthPro on February 10, 2015 by Allison Bell.