Genworth Starts Strategic Review: Cost Cuts, Asset Sales, Debt Reduction to Come

February 18, 2015 Genworth reported a 4Q14 operating loss of $416 million, or $0.84 per diluted share, below analysts’ consensus estimates of a loss of $0.13. While the mortgage insurance (MI) business segments performed well, long term care (LTC) continued to negatively impact the company. Quarterly results included a $478 million charge for long term … More Genworth Starts Strategic Review: Cost Cuts, Asset Sales, Debt Reduction to Come