“Rate Hikes Help Push Genworth LTCI Premium Revenue Higher,” by Allison Bell, ThinkAdvisor

“For years, Genworth was a leader in the stand-alone long-term care insurance, life insurance and annuity markets. The LTCI unit is reporting $22 million in adjusted operating income on $1 billion in revenue, compared with $33 million in adjusted operating income on $1 billion in revenue for the year-earlier quarter. Premium increases helped Genworth push LTCI premium revenue up to $632 million, from $623 million.”

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

Details on Genworth’s financial situation plus an update on the China Oceanwide deal.

Rate Hikes Help Push Genworth LTCI Premium Revenue Higher

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