Genworth Says Sustained Low Rates to Pressure Operating Earnings
Genworth Financial Inc., the life insurer and mortgage guarantor, said sustained low interest rates could cut operating earnings by about 13 cents a share in 2015.
The reduction, which takes hedges into account, will probably be about 7 cents this year and 11 cents in 2014, according to a projection by the Richmond, Virginia-based insurer today in a presentation on its website.
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