Genworth Financial (NYSE: GNW) reported Q3 EPS of ($0.64), $0.82 worse than the analyst estimate of $0.18.

"While we remain encouraged by our Global Mortgage Insurance Division performance, which continues to show strength, we are very disappointed by our U.S. Life Insurance Division results. We continue to believe our LTC strategy is the best option for Genworth, but the turnaround in this business will be more difficult and prolonged because of the poor performance of the older generation products," said Tom McInerney, President and CEO. "Despite this setback, we remain steadfast in our commitment to transform this business."

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