05/01/18 Net Income Of $112 Million And Adjusted Operating Income Of $125 Million RICHMOND, Va., May 1, 2018 /PRNewswire/ — As Disclosed On April 24, 2018, Genworth And China Oceanwide Holdings Group Co., Ltd. (Oceanwide) Refiled Their Joint Voluntary Notice With The Committee On Foreign Investment In The United States (CFIUS) U.S. Mortgage Insurance (MI) Adjusted Operating Income Of $111 Million, Increased 52 Percent Compared To First Quarter Of 2017 U.S. MI’s PMIERs1 Sufficiency Ratio At 124 Percent, In Excess Of $600 Million Above Requirements Strong Performance For Canada MI, Adjusted Operating Income Of $49 Million, Up 28 Percent2 Versus
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Please remember that all states have regulations governing replacement and/or churning activity. Replacement regulations require additional paperwork to be provided to the applicant/annuitant and submitted with the application. Failure to comply with regulatory requirements will result in processing delays for you and your client(s). In addition, the Genworth companies (Genworth) have adopted and published a Replacement Policy that details the company’s position on replacement activity. To read the policy in its entirety, click the link below: State Replacement Regulations Reminder For All Insurance Products #goldencareagent #genworth
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As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Delaware has now allowed the following increase: Delaware Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods PCS I 59.6% phased 30%, 22.8% cumulative 80.2% phased 30%, 30%, 6.6% cumulative PCS II 58.7% phased 30%, 22.1% cumulative 78.3% phased 30%, 30%, 5.5% cumulative Choice 1 58.1% phased 30%, 21.6% cumulative 77.3% phased 30%, 30%, 4.9% cumulative  
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As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. North Dakota has now allowed the following increase: North Dakota Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 72.8% phased 20%, 20%, 20% cumulative 72.8% phased 20%, 20%, 20% cumulative       This rate increase applies to Non-AARP, non-partnership policies only. Communications Timeline Servicing agents will receive a list of their impacted policyholders
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As part of the strategy for our long-term care insurance business, we continue pursuing initiatives to improve the risk and profitability profile of our business, including premium increases on our in-force policies, as needed. Connecticut has now allowed the following increase: Connecticut Product Series Increase Percentage for Policies with Limited Benefit Periods Increase Percentage for Policies with Lifetime Benefit Periods Choice 1 18% 18%       This rate increase applies to partnership, non-partnership and non-AARP policies. Communications Timeline Servicing agents will receive a list of their impacted policyholders in this state one week prior to the start of policyholder
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April marks one year since we launched our eSuite of new business tools. If you haven’t used it yet, call us for a demo. The cornerstone of eSuite is our eApplication (eApp). Easy eApp is much more than a fillable PDF. You can easily navigate through the long term care insurance application. Plus, when you are done, everything is in good order! Fast to Faster eApp significant cuts down on cycle time, especially if an applicant is under age 60. We typically issue policies for ages under 60 in a little as 15 days. eApp is fast, but the experience
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