“Genworth Reports Higher Earnings,” by Allison Bell, ThinkAdvisor

“Genworth Financial Inc. is posting stronger net earnings than it was a year ago, partly because of better results at its U.S. mortgage insurance unit, and partly because of better results at its long-term care insurance (LTCI) unit. … The company’s LTCI unit is reporting $42 million in net income on $1.1 billion in revenue, compared with a $27 million net loss on $1 billion in revenue. Net investment gains at the LTCI unit increased to $80 million, from $6 million. … Links to Genworth’s latest earnings release and financial supplement are available here. Information about how to listen to the Genworth conference call is available here.”

LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):

Better news.