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Stock impact report

Genworth Discloses U.S. Life Insurance Companies Statutory Cash Flow Testing and Resulting Margins For 2018

Genworth Financial Inc (GNW) 
Last genworth financial inc earnings: 10/29 05:10 pm Check Earnings Report
US:NYSE Investor Relations: genworth.com/corporate/investors.html
Company Research Source: PR Newswire
RICHMOND, Va., Feb. 26, 2019 /PRNewswire/ -- Genworth Financial, Inc. (NYSE: GNW) announced today its statutory capital and cash flow testing (CFT) results for its U.S. life insurance companies for the year ended December 31, 2018.  Additional financial information for the year ended December 31, 2018 will be included in the company's upcoming Annual Report on Form 10-K to be filed with the Securities and Exchange Commission. The statutory capital and CFT results include:The aggregated CFT results for Genworth Life Insurance Company (GLIC) resulted in a positive margin of approximately $1.5 billion after including approximately $2.1 billion of provisions for adverse deviation (PADs). The 2018 margin results improved by approximately $0.9 billion, reflecting a modest increase in benefits of future expected premiums and associated benefit reductions, along with other aging and modeling updates, partially offset by the impact from higher expected future claims. The aggregated CFT results Show less Read more
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