Wednesday, May 20, 2009
Is It Safe? Genworth's Troubles Still Lurking
Genworth's (GNW) stock has sunk 78% in the past year, almost twice that of the SNL underwriter's index. The company's announcement in February that it was suspending its dividend was the final nail in the coffin.
With insurers' shares rebounding, is Genworth safe to buy?
The first-quarter loss of $469 million didn't inspire confidence. Return on average equity, at 0.65%, was only better than Prudential's(PRU Quote) and Hartford Financial Services'(HIG Quote) for life insurance companies...
Street: Is It Safe? Genworth's Troubles Still Lurking
With insurers' shares rebounding, is Genworth safe to buy?
The first-quarter loss of $469 million didn't inspire confidence. Return on average equity, at 0.65%, was only better than Prudential's(PRU Quote) and Hartford Financial Services'(HIG Quote) for life insurance companies...
Street: Is It Safe? Genworth's Troubles Still Lurking
Permalink posted by markw @ 5:20 AM 
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