Tag Archives: Genworth

On February 5, shares of Genworth Financial (NYSE:GNW) plunged by 20% as of 11 a.m. ET, after reporting the end of another low quarter the Thursday before. The company reported a net loss of $292 million. Earlier that day, Genworth announced its decision to suspend sales of all its traditional life insurance and fixed annuity products, including Total Living Coverage. …

"Sustained low interest rates are to the long-term care industry what $4-a-gallon gas was to the SUV market." -Jesse Slome, American Association for Long-Term Care Insurance