Wednesday, August 05, 2009
Genworth Financial losses lessen, as life insurance sales slow
Richmond, Va.-based Genworth Financial reported a net loss of $50 million in the second quarter, fueled in part by shrinking life insurance sales as people avoided universal life policies in a tough economy... The losses in the second quarter were less than half of the $109 million it reported in losses for the same quarter last year... Net operating income fell in the second quarter, to $9 million, compared with $212 million in the second quarter of 2008, mainly through losses in its mortgage insurance segment...
IFAwebnews: Genworth Financial losses lessen, as life insurance sales slow
IFAwebnews: Genworth Financial losses lessen, as life insurance sales slow
Permalink posted by markw @ 4:58 AM 
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