Genworth Reports Higher Subsidiary Capital Levels

March 4, 2020 by Allison Bell

Genworth Financial Inc. is reporting higher capital levels at its U.S. life insurance company subsidiaries.

The Richmond, Virginia-based company is a major player in the mortgage insurance market. It was a large issuer of life insurance, annuities and long-term care insurance (LTCI), and it still sells some LTCI coverage.

Here’s what Genworth said about the subsidiaries’ “risk-based capital” (RBC) ratios, or financial health numbers:

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on February 27, 2020 by Allison Bell.