Genworth Financial (GNW) Misses Q3 EPS by 9c

Genworth Financial (NYSE: GNW) reported Q3 EPS of $0.15, $0.09 worse than the analyst estimate of $0.24.

• Strong Insurance In Force Growth, Loss Ratio, And Capital Levels For U.S. Mortgage Insurance (MI)
• U.S. MI's PMIERs1 Sufficiency Ratio At 122 Percent, In Excess Of $500 Million Above Requirements
• Strong Loss Ratio And Capital Levels For Canada MI
• Annual Review of Long Term Care Insurance (LTC) Claims Reserve Completed. No Significant Adjustments As Aggregate LTC Claim Experience In Line with Expectations. Loss Recognition And Cash Flow Testing Will Be Completed With The Fourth Quarter Financial Close
• Net Income2 Included $40 Million Of Net Investment Gains, Net Of Taxes And Other Adjustments, Primarily Related To Fixed Income Exchanges And Derivative Gains
• Holding Company Cash And Liquid Assets Of Approximately $830 Million

For earnings history and earnings-related data on Genworth Financial (GNW) click here.

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